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HomeMy WebLinkAbout2286 J. To place snd continuo~aly keep on ~he b~~'dmgs now er hereafter a~tuate on seid lanr! end on ~~I equipmeM ~nd ptno~ally cove~ed by this mortq- pe, with ~II prernium,• rhereon pe:d ~n ful', Gre insurence in ~he vs~a; standa~d poricy form, i~ • sum approved by !Ae MOR;GAGEE, ~nd windstwm in~urance in the vsus! s~inu~ard policy fonn, in a s~m approved by the MORTGAGEE, in such company or companies es the MORTGAGEE may dirett; and ~II tire end w~ndi~orm insurenca paiic,es on eny af ea~d bvild~ngs, any inte~est iherein or pert thereof, in the •ggrega~e sum ~for~s~id or (n •xtess fhtreot, shalt tont~in the us~al standard mortq,~yee clause or such other cia~se a~ ihe Mortgngee may reqv~rs, makin9 thc to» u~der ~~~d poli- uef, each and every, payable ro sa~d MOF7GAGEE a~ ~ts ~:iiereet may appear, end each and every svch ~:icy shall be prompHy ass gned enti delive~ed to ~ny hstd by ~aid MORiGAGEE as further security to ~aid mongage debt, and, not kss than ren (10? deyt in advance of the eap~retion of each pol~ty, lo dr livsr to taid MORiGAGEE e renewal thereof, logeth~r with a recr~pt for the p~em~um of such renewal; and there shall ba no f~re or winda~orm inwrsnce pieced on ~ny of said b~ild~ngs, any imcrest therein or part thereof, u:i!ess ~n the form and with the Ioss payablc a~ aforesaid; and in the event any tum of ma~~ey become~ payable vnder s~ch po)icy or pot:cies said MORTGAGEE shell have rhe cption to receive and apply the same on account of the i~debted- nes~ ~ecur@d hereby or ta permit ~a~d MORTGAGORS ra reCeive and use it o~ any part thereof for othc~ purposes. va:thp~t th~~ro; waivin~ o~ ~rnpair- iny any equ~ty, Iien or right under or by virtve of this me:'yege; end in the event ~a~d MORTGAGORS shall for any reason fail to keep thr sa;d premises so insu~ed, ar fai: fo deliver promp~ly ~ny cf seid poi~cies of insucance to said MORTGAGEE, or fa~l promprly to pey fvily any premi~m therefor or in any respect (eil to perfo~m, diacharge, exrcure, effect, complete, comply w~th end abide by thh covenant, or any pert hereof, aaid MORTGAGEf may place ancf ps f fo~ suth insurance or sny part thereof without waivirg or affectiny any opt~c~, lizn, equity, or eight undor w by virtue of this Mcrtgaqe, and the full emoum of eoch a~d evMry Euch payment ahall be immedietely d~e and peyable and ahaU 6ear interest from the date thereof until paid ei the rate ol nine per centum por annum and together wirh :uch interest shaii br ~acured ~ay the lien of ti~is mortgege. To permit, commit or suffer no waste, impairment or deterioraHon of ~aid property pr any part thrreof. 5. To pay sU end singular the costs, chargea and expenses, includ~ng a reasonable attomey's fee and costs of abstracts of title, incurr~d or paid et eny time by said MORTGAGEE, because or in the evem of the failure on the part of the said MORTGAGOR ro duly, promorty and fully periorm, d~scharge, exec~ts, effect, complete, comply w~rh and eb:de by each and every the st;pularons, agreements, condiNens, and covenents of said promissory notn and this mortgage any or ei~her, end sa~d costs, charges and expensea, each and every, shai{ be imm~dietely due and payable; wherher or noT rhere be no!~ce da ' m~~d, attempt ro collec+ or suit pending; and the full amount of each and every such payrtient shoi~ bea. interest from the date thereof until paid et the rate of nine per centurn per annu tr, and ali sa~d cos+s, chjrges and expenses incvrred or paid, toge:her w~th such interett, shail be setured by the lien of thi~ mortype. 6. That (a) in the event o` any breach of this Mortgage or defauft on the part of the MORTGAGOR, or (b) in the event any of sa]d sums of money heroin referred to be rot promptly and fully Nald w~riun th~rty ~30) days next attcr the same seve~atiy become due and payeble, wiihoui demend or nctice, or (c) in the event each and every the stipulations, agreemems, cond~tio+~s and covenants of sa.d promissory note and th~s mortgage any or either are nol ~u~y, promptiy end fulty perforrned, d;scharged, executed, effecfed, completed, complied with nnd abided tiy, fhen in either or any such event tha faid sg• gregate ium mentioned in said prom~asory no~e then re:naining unpald, with imerest aarued, and all moneys secured hereby, shall become due end pay able fcrthwith, or thereafter, at the option of said MCRTGAGEE, as (uily and completely as if al! of rhe said surru of mo~ey were ariginalty st~pulated to be pald on such day, anything in sa;d p~o:n:ssory note or in th~s Murtgage so the contr~ry rc,twithstand~ng; and thereupo~ or the:eafter at the opt+on of seid MORTGAGEE, without notice or demand, suit at law or in eq~ity, therefore or fhereafter beyun, may be prosecuted as if elt moneys secured hereby had matured Rno~ to +is ins~~r~r;on. 7. Tfiat in the event that at the beginn~ng of or at any ti-r.e pend~ng any suit uoen this Mortgage, or to foreclose it, or to reform it, or to enforce paymtnt of any claims hereunder, said MORTGArEE shaii epply to the Court having j~~rlsdlction thereaE for the appointment of a Receiver, such Court shalt forthw'rth appoint a receiver of saiFl mortgaged property a;! and singuJar, includ~ng ail and slr.gu!ar Ihe income, profrts, issues ar.d revenues from whatever to~rte derived, each and every of wh~ch, it be~ng express!y understood, is hereby mortgaged es ~f spec~!icalfy set forth and described in the granring and habendum clauses hereof, and s~ch Receivar Shafi have ail the br~ad and effective funcr.ons and powers in anywise entrusted by a Cou~t to e Re[eiver, and such appointme~it shall be made by such Co~rr as an admitted eqrity and a matlor of absoiute right to said MORTGAGEE, and witheut reference to the adeq~acy or inadequacy o{ the value of the properry mortgaged or to the so~ver.cy or insolvency of said MORiGAGOR or the defendants, and that suth rents, profirs, income, ;ssves and revenues shall be app;ied by such Receiver accord~r,g to the lien or equity of said MORTGAGEE and the prattice of such Court. 8. To d~ly, prompt!y and fully perForm, dlscharge, execute, effect, complere, ccmpty with and abide by eacti and every the stipulations, agreemen!s, conditiom and covenanrs tn said promiasory nore and th;s morr~age set torth. 9. That in the event the ownership of the mortgaged premises, or any part thereof, becomes vested in a person other than the MORTGAGOR, the ° MORTGAGEE, its successors and assigns, may, without rotice to the MORTGAOR, deal wifh s~ch successor or ~uccessor in int¢resf with referenct to this mortgage and rhe debt hereby secured ir. the same manner as with Morrgagor w;thout in any way vit:ating or d~scharging the Mertgagon' liability here- under or upon the debt hereby secured. No sa!e c,i tt-:e Frerr;~ses hareby mortga3ed and no forbearance on tne part o( the MORTGAGEE or its successors or essigns and no exrensi~n o! the time Eor rhe payment of the debt hereby sec~red given by the MORTGAGEE or its sutces3ora or assigns, ahall ope~ate lo rNease, discharge, modify ~hange or affect the orig~nal liabllity of ihe MORTGAGOR herein, e~ther in whole or in part, 10. It is specifically agreed that time is o'. the essence of thls contract and that no waiver of any o6ligation hereunder or of the obligation Se- cured hereby shall at any time thereafter b~ held to be a N-aiver of vhe terms hereof or uf the ins~rument secured he~by. 11. In add;iion !o ihe forego ng month'y paym~n~s of priru pa! and inreresr requ~red by the prom ssory r.o~e sccured hereby, m~ri~agor eovenants and agrees to p~y to mortgagee v.ith each mr~rnhiy pa,~~nent an add~~ional sum est~r.ated b~ mortgagee to be equal rc 1; 12 of rhe annua~ cust of the fol!ow- ing: ' A-All real properiy taxes !e•~~ed o~ ass>ssed ag:~ .st thc acove describcd real es~ate, 8-Prem'rums an fire ar.d wi^dstorrr, ir.su~arce as nere;n r~q~;rnd to be ca~ried en tFe :mprovemente situate on the above d:scribed premises. C-Premiums on svch mortg~ae (~U3'311Y insura~ ce ns mo~tgag~e shal; 'rom t.n,e to time deem iit to carry on the loan srcured hereby. Mortgagee sha'I from time to r.me notify mert5ago; in wriY;ng of the arrou~t dve and payable hereunder and such sum shail thereupon be due and payabte on the due oate o1 tl~e ~~exi month:y pjyrnnnt ana e:;ch su:c:~ssive ror,lh the~eafter ur,til mertg3gee shzll notify mo:tgagor of a change in such amount. Such sums sha;l be appiied by mcrtgagea toward tiie p3yment of real property taxes, insurante prem:ums, and mnrtgage guaronty insurance premi~ms. tN WIiPJESS WN EdF, rhe said MORTGAGOR has hereunfo set h;s ha~;d and seal the day and year firsi aforesaid. Signed, Sealed del' e in the ~ewea of: b/-- {'~?`un f~ ~ U~~-~-~v?~ (Seal) . / - I r-. • ; - ~-ttivi (Seal) (Sealj - (5eal) SiA7E Of FLORIDA ~ u. COUNTY Cf S~' • T-'-I P ~ Before me ersonall ~ r 1 w~ P r ~ j? y~ n,^_ a r, e and p y ppeared ~ _ CZ'~'?' ~ a, H8n8Pr~ ~ his wife, to ma well known and known to me to be the individuais described in and who execufed the foreyoing instrument, and acknewiedged before ma that they executed the same for the purposes Iherein ezpreseed. Rnd the soid C`~r ~ 1 n. u~ n~ E'T1 Q wife of the said - F~_ m p r F. N9 r Q P p c upon ~,*spsrate: pnd privete examination by me taken separate and apart frcm her said husband, ecknowledged ta and befo~e me that she executed said inati~inent.fr1;61y a'iid volun- tarily ar.d without any compulsion, consrra~nt, apprehension, or~ar of or from her said husband. ~ , • c>> T~Tr~~pm~.cr . _ . , . ' C WRNE55 my hand and nffic~al aeat th~s_ d~- _ day cf_____ A.~D. •]4'-~~ , E C 0 R D E 0 7.' : f~= ~ ~ FII.ED AN N~lary Public in and fur the 5la1e of Flosida At la:ge - ~ a~ ~ a K My Comm~ssion expires: Retum To: _ , , Fir:t Federal Savin a 3 Loan Aasociation ~ ~Y~IC, s3it@ ~Orl~i i~ ~ t.C.tr +n? ~+~a~. . Of Fu~f P;e,-ce. ~ . C•mm~ss~ Expi~es Sept. 23. 19~9 fort Pierce, Florid~~~ Q~ pIT1 J•~~ M~+~I h A.~KS~ fin i Gs+why Cr_ ~ ~ ~ f ; ~ _ . ~ " ROGF ; - : ; : CL~ RK ~ . . . 5T. ~'-FLOr~ DA NTY, , . . . . _ BORK~Jl.1 t , . 't . 7 - ' ~ . J ~ ~ .