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HomeMy WebLinkAbout1298 3. To place and continuousiy keep on the bu~!d~nge now or hereefter ~iruste on said Isnd snd on ~II eq~ipmaM 1nd psnon~lly covereci by this mwtg- p~, with all pramiums the~eon paid in fulf, fire insurence ~n the usual standard po!icy farm, in ~ s~m spproved by thr MURiGAGEE, •~d windstorm inturance in tha usual tta~dard pol~cy form, in a sum approved by rhe MORTGAGEE, ~n such compa~y or companies ss tha MORTGAGEE may dirrct; ued ~II fi~s snd windatorm insurante policics on any of eaid buildings, any interext therein or pert thercof, in the aggrrgate tum ~fae~aid or In ~xceu thereof, shall contain the us~a! standard mortgayee clause or such other tlause as the Mortgagee may requir~, makinfl tha los~ under ~a~d pol'r tie~, Nch and every, payabte to s~id MORTGAGEE as ~~s interest may appear, and each and every such poiicy shall be promptiy ass gned •nd delivered to ~ny hald by aeid MGRTGAGEE as further security to said martgage debr, and, no~ lass than ten {10) days in advance of the expirat~on of each poli<y, to ds- liv~t fo ~+id MORTGAGEE a rsnewal thereoF, iogether with a recript for the prernium of such renewel; and there shall be no f~re oi windstorm insurance pl~t~d on •ny of said buildings, any interest therein or part thareof, unless in the form and with the Ioss payable at aforesaid; and in the event any sum of money becomp payable under such policy or poGcies aaid MORTGAGEE shall have the option tn receive n~d apply the seme on accoum of the indebted- ness secured hareby or ro permit seid MORTGAisORS to receivc and usc it or any part thereof for other purposes, wiiho~t th~r~u~ waiving or ~~r~Pai~- ir~q any aquity, lien or right under or by virtue of this mor!9agt; end in tha evenf uid MORTGAGORS ahail for any reaton fail to keep the said prcmisaf so insured, or fail to deliver pramptly any of said policies of i~surance !o said MORTGAGEE, or fail promptly to pey ful;y any pre~nivrn the~efor or in any r~spsct fail to perform, discharge, exetuta, effect, complete, comply with and abide by thi• covenant, or any part hereof, said MORTGAGEE mey p~ace and pay fa ~uch in?uronte or any pert thereof withoul waivin~ or nffecting ~ny option, lien, equity, or right under or by virtue of this Mortqaqe, and the ful! imouM of axh and ewry tuch paymert shal! be immediately due and payable and shall be+r intereat from the date thereof until paid at the rate of nine per centum par annum and together with such intarest shall be sacured by the lien of this mortgage. 4. To petmit, mmmit or suffer no waate, impairment or deterioration of said property or any part the:cof. 5. To pay all and aingular the costs, charge~ end expenses, inc!uding a reasonable attorney'rfee and costa of abstracts of title, incurred or paid et sny timr by wid MORTGAGEE, becavse or in the event of the failure on the part of the said MORTGAGOR ta duly, prornpt~y end fully perform, d~scharge, ~xecute, effect, complete, tomply with and eb~de by ea[h and every the stip~lations, agreements, conditions, and covenents of said promissory note and rh~i mortgage eny or either, and s~id costs, charges and e,cpenses, each and every, shall be immed~ate;y due and payable; whether or not there be notice de m~nd, atttmpt to collect or suit pending; and the full amount of ench and every such payment shali bear intere~t from the date thereof until paid at the rote of nine per centum per annum; and all said cosre, charges and exoenses incurred or paid, together w~th such interost, shall be tecured by the lien of thi~ mor?paq~. 6. Th~t (a} in the event of any breach of this Mortgage or default en the part of the MORTGAGQR, or (b) in the event any of se;d sums of money herefn referred to be not promptly and fuily paid within thirty ~30) days next after the same severa!ly become due end payable, witho~t demend or notice, or (t) fn the event each end every the stipulations, agreements, conditions and covenantt of sa:d promissory note and th~a mortgage any or either are not ~uly, promptly and fuliy performed, discharged, executed, effected, completed, compl~ed with and abided tiy, then in either or any such event tha ~aid ag- yregate sum mentioned in said promissory note then remaining unpaid, with imeresr attrued, and afl moneys secured hereby, shell become due and pay eble forthwith, or thereafter, at the option of said h10RiGAGEE, as fully and completely as if all of the said sun+s of money were originally st~pulated to be prid on such day, anything in sa;d promissory note or in this Mortgage to the contrary notwithstanoing; and thereupon or thereafter at the op~ion ef said MdRTGAGEE, without notite or demand, suit at law or in equity, the~efore or thereaftar begun, may be prosec~ted st if all moneys ~ecured hereby hed m~tured pnor to ~t• institution. 7. Thet in the event that at the beginning of or at any tlme pending any suit upon this Mortgage, or to foreciose it, or to reform it, or to enforce payment of any claims hereunder, said MORTGAGEE shsll apply to the Couit having jur~sd~ct~on thereof for the appointmero of a Receiver, such Court shail forthwith appoir,t a receiver of sai~ mortgaged property ail and singular, indu~.ng utl and singular the income, profiis, iss~ea ar.d revenues from whatever wurte detived, each and every of wh~ch, it being expressly undersrcod, is hereby mortgaged as if spec~fically set forth and destribed in the pronti~g and hsbendum dauses hereof, and such Reteiver shall nave alt rhe broad and effective funct~ons and powers in anywise enrru~ted Ey e Court to a Receiv~r, and wch appointmtnt shall be made by such Court as an admitted eq~ity and a matter of absolute right to said MORTGAGEE, and without reference to the adequacy or inadequacy of the value of the p~operty morrgaged or to the so'.vency or insolvency of safd MORiGAGOR o~ the defendants, a~d that such rentt, profits, income, issues and revenues snail be applied by such Receiver according to the lien or equity of taid MORTGAGEE and ths prtctice of such Court. To duly, promptly and fully perform, discharge, execute, effect, complete, ccmply with and abide by each and every the siipulations, agreemenfs: condition~ and covenants in sa~d promiasory note and thls mortgage set forsh. 9. 7het in the event the owr~ership of the mortgaged premises, or any part thereof, becomes vested in a per~on other than the MORTGAvOR, the MOR7GAGEE, its successors and assigns, may, without notice fo tl,e MORTGAOR, deal wi!h s~ch succrisar or wccessor in interest with reference to this mortgege and the det~t hereby secured in the same manner as with Mortgagor without in any way vit;ating or d~scha~ging the Mortgagors' liability he~e- under or upon the debt hereby sec~red. No sale oi the Fremises hereby mo~tgaged and no forbearance on the par~ of the MORTGAGEE or its successors or assigns and no extension of the time for the payment of the deb± hereby secured given by the MORTGAGEE or icx su.cessors or assigns, anall operate fo releasa, discharge, modify change or affect ihe orig~nal lia~!lity of the MORiGAGOR herein, either in whole or in part. 10. It is apecifically agreed that time is ef the essence of this contract and that no waiver of any obligat~on hereunder or of the obligation ~e- tvred he?eby shall at any time thereafter be hefd to be a waiver of the terms hereof or of the insrrument secured herby. 11. In add:tiun to the forago'n3 monthly paymsnts of princ pal ~nd interest required by the prom:ssory no!e secvred hereby, mortgagor covenants and agrees to pay to mortgagee with eath month!y paymern an add~rional sum esrmated by mcrt~agee to be eq~al to 1~ 12 of the annual cost of the fol!ow- ing: A--AII real property taxes levied or asseESed agai•~st thc above desu~~~d real estate. B-Premi~ms on fire ar,d windstonn insurance as here~n rcqu~red to be carried on the ;mprovements sltvate on tne above d_scribed premises. C-Premiums on su.h mortc~age guaranty insurar.ce as mortgagee shail from t me te time deem fit to carry on the loan secured hereby. Mortgagee shall from time to time no'ify mortgagor fn writing of the amouot due ard payable h=reundar and such surn shall thereupon be due and payable on the due date of the next mon?h;y oayment and each su.cessive morth thereafter uctil mortgagee shall notify mortgagor of a change in such amount. $uch sums shail be applied by morigagee reward the payment of real property taxes, insurance ~ums, and mortgage guaranty insurance premiums. ~ I WITNESS WHEREO the said MOR7GAGOR has he!eunto se! h~s hand and seal the day and r fj{st a'oresaid. ed, Se ed a deliv rt 'n the presence of: ~ - (SeeIJ 83 • tOA ~ ~g (Ssal) guard an o nna . m _ an ncompe en ~s~a~> STATE OF FLORIDA 1 ~i~c~-(~~~~ ~Se~fll'~ ~~in~ Lucie _ i Dav~~'~'m~tl~i COUNTY OF , Before me peraonally appeared AT'~ a~R!_ 5tone,. ~,~~al Q~.lard3~an of Anna M. 51Tl~ .2'1 and ilnuid Smi th.T.~~e~us.ki.and of Anna M. Smith t,;,,r;c~, r~ m~ well known a~a ro m~ ro t~ ;he tndividuali described in and who executed the #oregoing instrume~t, and ecknowledged betore me that they executed the same for the purposes ~herein expreued. Awd.-tl~e.n.rd ~ife~rF~lhe-~eFc~ - vAon-e-seperer~andpri+a~e ~e,ieMi~etian-by r.,c ~eke~ ~e~pa.efe-end-eperrfrvm-tier~eSt~ tnntirlnd~'ecknewiedc~rd- ro-en~tt~fvre mC t+,et~she"ex~tned 7aid-immrmerir frce~'3rTn'Latun• tariy tind-~er-an~r mrnpuAror ,r eonsxamr -eppr~fndnate~r, ~ar fr.ar ^ot rn-f~ertr tf+e+'satd9~esbanH. WITNESS my hand and offitial seal thia~'~~ - - day oi~ ~ ~A..15;' 19sd~,__ ~ ~ ~ • Not y Pub~~c in and for the Sta~e pf.flosjde' aj, la~p~ , My Commissian tzpirts: ,f Retum To: L~' ~v~~r Fir~t Federal $aving~ ~ Loan Association - ~ „ ~ ~ : Of Fort P;erte. RDED ~~v' r 'Fort Pierce, Florida F1L~D ANC7 RECO tt+,'. ~ . , ~ ' . o i~.~ 1C1~--R8C01'~--aOOK . . . . : ~~t~~-G 4~ at ~ARGE ~ , ~ . . . ~ . : ~ (1~'~ ~ ~ Q~ ~ Q ~ ~gIIC. ~ ~ p1RES APRA24, l~g ~ , : ~S ~)t~ •~~y ~OMN.iSS40N ' - i ~ - . ~ l..t ~ ~ ~ . . . - . ~ 1/~.~ - . - CLERK ~ - ~O4 ~ (t 1 ~ll: I I~~11J~ - - ST. LUC~E COUNTY. '-'r, ~"LOF;IDA , ~ . ~ - ~ soaK ~~9 99 1 ~