The URL can be used to link to this page

Home My WebLink About0276 3. To pl~ce and continuously Sceep on the bui'dings now ar hereafter situete on said land end on •!I equipmat+t and ptrw~~l!y cover~d by this morfq~ •y~, w~th al~ premiums thereon pe~d in full, fi;e ins~rance 1n the vfual stendard policy form, in a wm ep~rowd by the lNORiGAGfE, ~nd windxtorm i~wrente in the usual ttandard poGty form, in a sum approved by the MORTGAGEE, in •uth ~ompany or comp~nia~ ~s M+e MORiGAGEE may direcf; snd ali fire and wind~lorm Insurance po!~c~es on any of said buiid~n9s, sny interest therein or pert thereof, in the aggregete wm aforessid or In extess thereof, sha~l contain the usual startdard morrgagee clause or such other tlause es tl~e Mortgagee mey requ~ro, maMin9 the loss under sa~d polr cies, each end every, psyabie ro seid MORTGAGEE as ~ts imerest may appear, and each and every such po~icy ahail be promptly ase.gncd and delivered to ~ny held by aaid MORTGAGEE ai further aecurity to ieid mortgage debi, snd, not les~ than ten (10) days in advan~e of thr expiration of each pol~cy, to da- liver to t~id MORTGAGEE a renewal thereof, toge~her witn a rece~pt for the premium of such renewai; and ther~ shall be no f~re or windstorm insurance placed on any of said b~ildings, any intarest therein or pari thereof, unless in the form end wi h the loss payable as eforesaid; and in tha event any wm of money becomef payable u~der such policy or policies said MORTGAGEE shall have tho opl~on ~o receive and spply thz same on atcou~t o( the indebted- ness src~red hereby or to permit said MORTGAGORS to reteive end use it or any part thereof fcr other purposes, w~thout th~reb,r waiving or ~rnpai~- iny any equity, lien w righe under or by virtue of this mo:tgage; e~d in the evero sa~d MORTGAGORS shall for eny ~eason fail to keep the ea~d premises so iniured, o~ fail to deliver prompt(y any of said policies of insurance to said MORTGAGEE, or fail promptly to pay ful'ty any pre~n~um therrior or in any retpect fail to perform, discharge, execute, effect, camplete, comply wirh and ebide by thit cavenant, or any part hereof, aaid MORTGAGEE may plate and pay for ~uch iniurance or sny part thereof without waiving or affecting any option, lian, ~quity, or right under w by virtue of this Mortgafle, end the full ~moum of each and every wch payment shall be immediately due and payable and •hali bear interest from the date thareof until paid at the rate o1 nine per tent~m pet an~um and together with such interest ihaii be secured by the litn of thia morigeg¢. To pcrmit, tommit or suffer no waste, impairment or deterioration of said property or any pari thereof. 5. To pay all and singular the costs, charges and expenses, including a rea~onable attorney's fee and costs of abe!rrcts o~ title, i~curred or peid at eny Time bq said MORTGAGEE, betause or in the event of the failure on the part of thc said MORTGAGOR to duly, promptly and fully perform, d~scharge, execute, effect, complete, tomply with and ab~de by each and every the stipu~ations, agreemente, tonditions, and covenants of taid promissory note and this mortgage any or either, and said costa, cherges and expenses, each and every, shall be immediarely due and payable; whether or not there be norice da mand, ettempt ta collect or suit pend~ng; and the full a~novnt of each and e~ery suth payment ah~ll bear interest from the date thereof until paid at the rate of nine per centum per annum; an~! all said costs, charges and expenses incurred or paid, togethrr vi~th auch intoreft, shall be sttured by tha lien of this mortyaqe. 4. ThaT (a) in thr event of any breach of thi~ Mortgagr or default on the Fart of the MORTGAGOR, or (b) in the event any of said sums of money herein referred to ba not prompriy and fully paid tivithin thlrty (30) days next afrer tha same severally become due er.d payable, without deme~d or notice, or (c) in the event each and every the stipu!ations, ao~eements, condirions and covenants of ~a;d promissory note a~d th,s mortgege any or e+ther are not ~ufy, promptly and fully performed, d~scharged, executed, effected, completed, camplied with and abided by, then in either or any such event the said ag• gregate sum mentioned in said promissory nore then remaining ur.paid, with interest accrued, and ail moneys secured hereby, shall become due and pay able fonhwith, or thereafter, at the option of said MORTGAGEE, as fully and completely as if a~l of the said sums of money were oiiginally stlpulated to be paid on wth day, anything in sa:d prom~s~ory note or in this Morigag? to the contrary notwithstanding; and the:eupon or thereafter at the option of seid MORTGAGEE, without notice or demand, suit at law or in equity, therefore or thereafter begun, rnay be prosecuted •s if ail moneys seNred hereby had matured pnor to rta institurion. 7. 7hat in the event that at the beginning of or at any ti~ne pending any suit upon this Mortgage, or to ioreclose it, or to reform it, or to enforce payment of any claims here~nder, said MOR7GAGEE shall apply to the Court having ju:isd:ct+on thareoE for the appointment of e Receiver, such Court shall forthwith appoint a receiver of sai~l mortgaged property all and singular, includ~ng aIl and singular the incorne, prafits, issues and revenues from whatever source derived, each and every of wh~ch, it being express!y understood, is nereby mortgaged as if spec~fically set forth and deacribed in the granting and hebend~m cla~ses hereof, and such Receiver shali have all the broad and effectlve funct~ans and powers in anywise entrusted by a Court tp a Receiver, end such appointment shall be made by such to~rt as an admitted equit~ and a ma!ter of absel~te rigM to said MORTGAGEE, and without reference ro the adeGuacy or inadequaty of the va!ue of the property mortr~aged or to the so:vency or inso!vency of said MORTGAGOR or the defendants, and that sueh rents, profits, income, iswes and revenues shall be applied by svch Receiver according to the lien or equiry of said MOf2TGAGEE and the practice of such Court. To duly, promptly and fully perform, discharge, execute, effect, com,~lete, comply witFi and abide by each and every the stipulations, agreements, conditions and covenants in said promissory note and this mortgage set forth. ~ 9. That in the event the ownership of the mortgaged prem~ses, or any part thereof, becomes vested in a person other than fhe MORTGAGOR, the MOP,TGAGEE, irs s~ccessors and ass~yns, may, without nofice to the h50RTGAOR, deal with such svccessor or wcsassor in imerest with reference to this mo!tgage and the debt hereby setured in ihe same marner as with Mo~tgagor withovt in any way vitiating or discharging the Mortgagors' liability here- under or upon the debt !~ereby secured. No sale of the premises hereby mortgaged and no forbearance on Ihe part of the MORTGAGEE or it~ successors or assigns and no extensfon of the time for the payment of the debt h=reby secured given by the MORTGAGEE or its successors or ass gns, aiiall operote ro release, ducharge, modify change or aifect the original Ilab~trty of the MORTGAGOR herein, either in whole or in part. 10. It is specifi~ally agreed that time ia nf the essence of this tontract and that no waiver of any obHgation hereunder or af the obligation se- cured hereby shall at any time thereafter be heid to be a waiver of the terms hereof or of the instrument securod herby. 11. In add.tion to the f~rego ng month!y payn~~ents of princ po~ and interest req~ired by the prom!ssory no!e secured hereby, morigagor tove~ants and agrees to pay to m,ortgagee wfth each rt•,omhly pa;:;;ent an add~riona! sum es!:n:ated br mortgagee to be equal to l; 12 of the annua! tost of the follo,v- ing: A-All real properry taxes levied or assessc•d agai~ s~ the abovu describcd real esrate. B-Prerriums on f~re and wir.dstr.m insurance as nere~n r~~qv red to be ca~ried cn the imF;rovements sitvate on the above described premises. C-Premiums nn such mo:tg,ge guara~!y insura~:ce as n,orrgagee shall from t'me to t~me deem fit te carry on the loan secured hereby. Mwrgagee sha!! frcm time to tirne ncrify merrg;gor ~n wrlt~ng of the amo_~~r d~e and payable hereundar and such sum shall thereupon be due and payable on the due dare of th> ne,ct monih;y paym.~nt and e.:ch r~ccessive montn tnereafter ~nti! morigagee shaH notify mo'tyayor of a change in wdt amount. ~uch sums sF.a~l be app!ied by mo+tgagce towa~d th? payn~ent of real pro~erty taxes, insurance prem;ums, and mortgage gvaranty insurar.ce premiums. YJITNESS `NHEREQf, the said MORTGAGOR has h>reunto set his hard and seal the day and yerr first resaid. igned, ealed nd~elivered in the~ presence of: (Seel) ~ e ~ ~ . (5eel) _ (Seal) ~ (Sea p STATE OF ~LORIDA ~ 55. C~UNTY OF _ 1 r} r.~U ^,1 P _ 1 Before me personally appeared ~~~~Y'°_;' i'~~ ~n~T~ ~ t A w~ :~n4T ~ Ir+s-,~Sfe, to me well knovvn and known to me to be the individualf described in and who exe:utzCi the foregoing instrument, and acknowledged before me tF~at executed the same for the pur~oses P therein expressed. Rn~ tfiC setd_ w+fe ~F fhe- seid - .~p~~i' E' eeparefe bnc~xi~ete weac.+nstien. by..rae_taker~ar{~ita an~ .a~K ~rw~? he~- seid-hsnba~+~ eelenewledged ~o-anr~ be~oee-rr+e-thet-a4+r extcvfec!-seid~ insere,xeM -frreFy-a~+d-voivrr~ W i1y.-arrd~ w iFh~uM ~rry -compvFa+orr, Kenef rei nr - eP P*eiiet»i on - or -Fre r of ror fmmm-F~er-seic~ ko aband. WITNESS my hand and officaal seal th~s___1_ 1~_- day of - , A. D. 19_h[ - 1 ~/LC ~i L _y ` ~ . , ' • Notary ?ublic in and for the Statc of F7otlda;~'f' lerge ND R~~~R 3 0 My Commission ezpires: S~-.~~' . . Retum To: p ~ , , ~ ' ~ ~ First Federal Savin~s & Loan ri~rf' ~ ~ ~ . : Of Fort P:e~ce. , T~ pf FL~RIDA at LARGg : Fort Pierce, Fiorida ' - ~ ~ 06 NOTARY PJBIIC. ~ ~ 'ES APR..7,4~.1969._ . Pu . MY COMMIS510N Q~ R ~ s ~ . . . ~ ~ou , ~ `~q ! ~ i~`~ ~ . ' • . ~ E~K _ , . _ _ ,-;~-~U~ ~Y. - Rp G = ' . S~• ~LO~~~~' ~ R . . ~ _ ~oox s~~ ~ ~o