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HomeMy WebLinkAbout0440 3. To pla.e snd cont~nuoe.sly lceep on tht bui'd~ngs now oi herrafter aituate or said land and on all equipment end personally covered by ihis morlg~ ~ge, with eil premiums thereon Fa~d in full, fi~e ins~rar.ce ~n rhe ~s~al St311C3f(~ po•.~cy form, in a sum approved by the MORIGAGEf, •nd windatomi insurence in the usual srandard pol~cy fonn, in a su:n app:o~ed by the MORTGAGEE, in such company or companies ax the MORTGAGEE may dired; e~d all fire and w~ndstorm insuronce policies on any of said build~ngs, any inrerea~ fherein or part thereof, in the aggre9ate ~~m aforesa~d or ln excee~ Ihereof, shall contain the usual slandard mortgagee cla~se or such other clausa as the Mortgagee may requ~re, making the Ioss under sa~d pol~ cies, each and every, payable to sa~d MOR7GAGEE ai ~rs ~~~,rerest may appear, and each and every wch poi~cy shalt be promptiy ass gned and de~ivered to any held by said MORIGAGEE as furrher security to sa~d rnartgage dabt, and, not less than ta~~ ~10) days in advance of the expirar~on of each pol~ty, fo de- liver ta said MORTGAGEE a renewal thereof, together with a reteiut for tha ptemium of s~th renewal; and there shail be no t~re or windsronn insurance plated on any of sa~d buildings, any interest there~n or part thereoi, u+~!ess ~r. iha form and w~th the loss payable as aforesa~d; and in tht event any sum of monQy becomts payable under s:,ch policy or pol~cies sa~d MORfGAGEE shali have the opt~on to reCe+ve and appty the same on account of the indebted- ne~a sewred hereby or to permit said MORTGAGORS to receive and use it or any part threof ior om~•r purposrs, v,~tho~r thr~~ u~ w,:~v~~~a or nnpair- ing any equ~ty, lien or right under or by virtue of thi~ mor'gage; and in the avent sa~d MORTGAGORS sha!I for any re~son fail to keep the sa~d premises so insured, o! fail to deliver promptly any of said polities of insurante to said MORTGAGEE, or fa~! pcempNy to ~ay fuify any premium theretor or in a~y reapect fail to perform, discharge, exec~te, effecr, comolete, comply wirh and abide by this covenant, or any part hereof, said MORTG~GEE may ~lace and pay for suth ineurance or any part thzreof without waiving or af~ecting any option, lien, equity, or r~ght under or by virtue of this Mortyage, and the lull amount of each and every s~ch paym~nt thall be immediately due and payable and shail bear interest from the date thereof until pa~d at the rate ul nine per centum per annum and to~ethe; wi~h such inte~es~ shaii be sacured by ths lien of this mortgage. 4. To permit, commit or suffer no waste, impairment or deter~orarion of said property or any part thereof. 5. To pey all and singular tha cos!s, charges and expenses, induding a reasonable attorney's fee and costs of aNstracts of titfa, incurred or paid at any time by said MORTGAGEE, because ar in the event of the fa;lure on rhe part of the said h10RiGAGOR to duly, promptly and fully periorm, d~scharge. exewte, effect, complete, comply w~th and at;de by each and every the stipula~~ons, agree:nents, conditons, and covenants of sa~d procnissory nore and thie mortgage any or eirher, and sa~d costs, charges and expenses, each and every, shail be immed~ately dua and payable; whether or not there be r,otice de mand, attempt to coliect or su~i pending; an~i the full amount of each and e~ery such payrnent sha;i bear interest from the date ihereof ~ntil paid at the rate of nine per centum per an~ium; and all said cos~s, charges and expenses irturred ar paid, together w~th wch imerest, shali be sewred by the lien af this mortgaqe. 6. That (a) in the event of any breach of th~s Mortgage or defaulr on th~ part of the MORTGAGOR, or !b) in the event any of se;d sums of money herein referred to be not promp!ly and fuliy paid withln rh,rsy i30) d3yz next a~rer the s~.~~e s~v~ra'ly tecome due and pjyab!e, without demand or notitc, or (n the event each and every the stipulations, agreernerns, cend~t~ons ar.d covenants of sa d prorn{ssory no!e and th,s mortgaye any o~ either are no1 ~uly, promptly and Futly perFormed, d~scharged, exec~ted, effected, complete~, :ompGed w~th and ab~d~d hy, then in e~ther or any s~ch event the said ag grogate aum mentioned in said promisscry note then re~naining ~npeid, with inrerest accrued, ard aii moneys securrd hereby, shali become d~e and pay eble forthwith, or thereafter, at the op!ion of said Ir10RTGAGEE, as fully and comp!etely as if aii of the said sums of money were originally st;pulated to be paid on such day, anything in sa:d promissory note or in this 1Aortgage to the contrary notwithstanding; and thereupon or thereafter at the option of seid MORTGAGEE, without nor~ce or demand, suit at law or in equity, therefore or thereaf~er oeyun, may be prosecuted as ~f all moneys secured hereby had matured pnor to its insritution. 7. That in the event that at the beginning of or al any time pendng any suit ~pon this Mortgage, or to foreclose it, or to reform it, or to enforte payment of any claims hereunder, said MOR7GAGEE sha!i apply to the Court having ju~~sd'c~ion thereof fo~ the appointment oi a Receiver, such Ceurt shall Forthwith appoint a ~eceiver of saif! mortgaged preperty a!I and sing~iar, includ ng all and sinqular ~he ir.come, profrts, iss~es ar.d revenues from whatever sou;ce rJerived, each and every of which, it being express!y undersfood, is hereby mertgar,.~d as ~f spec;fically set forth and described in the granting and habendum dauses hereof, and wch Receiver shall have a~l the bro;d and effxr,~e f~nct.oes and powers in anywhe entrusted by a Covrt to a Receiver, and auch appointment sha~! be made by such Court as an admitted equity and a matter of abv~~uta r~ght to s:+id MORTGAGEE, t,nd without reference to the adequacy or inadeqi~3cy of the value of the property mortgaged or to the so.vency or insc~vency of sa:d MORiGAGOR or the defendanta, and that such rents, profits, incoma, issues and revenues shall be applied 6y such Receiver acco:d ng to the lien or equity of suid MORIGAGEE and ihe practice of such Court. To duly, promptly and fully perform, discharge, execute, effect, comp!ete, tomply with ar,d abide by each and every the stipulati~ns, agreemeNS, condition~ and covenanrs In sa~d promissory note and th~s mortgage set forth. 9. 7hat in the event the ownership of the mortgaged prern~ses, or any part thereof, becomes vasted in a perion other than the MdRTGAGOR, the M,QRTGAGEE, its wccessors and assigns, may, wirho~t no~ice to ihe h'10RTGtiOR., deal w~~h wch successor or wccessor in interest with reference to th~s mortgage and the d>bt hereby sewred in the same manner as w~th Ahortgagor withovt in any way vit~ating or d~scMrg~ng the Mortyagors' liabi{lty here- under or upon the debt hereby secured. No aale of tl:e prem~ses hereby n:ortgaqed ard no for6earance on ;he part of the MORTGAGEE or its sv.cessors or assigns and no extension of the time for the paymen~ of the debt hereby secured grven bp the MGRTGAGEE or its successors or ass:gna, aiiall operate fo release, dis.harge, rriodify char.ye or zffec! the orig~nal liao!i~ty of the N~ORTGAGOR t~ere:n, eithc~ i? whole or in ptrr. 10. It is speuficaliy agreed that time is of the esser,ce of th~s conrract and that no wa~ver of any obiigat~on hereunder ur of the obligation se- eured hereby sheli at any time thereafter be heid to be a w~i,;ar of tha terms hereof or of the instr~mem srcvred herby. 11. In ad'~:7ie? te tne foregolig ,n~nth!y pay,r~-ents of F;ri°.: p:l ar:d i iter~st requ'cd b~ ihe prom szc!y no~r scc~red hereby, mortyd^yor covenants and agrees tc pay tc mortgagee w;th ea~h rronrh y E;a~~.,er:r an add ~icn31 su~r~ esr , ated b~ ~ncrtgage? to be equal to 1, !2 of ti:e annual cost of the foilo,~v- ing: A-All reai property taxes lev~ed or assess;•d ~g~i~:st thc ei:ove dc-scri~ed real esrate. B-pr~rru:r:s en fi~~ and wir.dstorm inwrarce a~ nen~In req:;red to 6r_ ca•~ico cn +h~~ ;m;;~ove~ne~ts slrvat~ on tha above d=scribed premises. C-Preiniun,s on s~ch marfg~ge g~aranty ir,surar.r.e as i~~ort~ag_e sha;i f;ofc • rr:e to ti~ne d~ en~ #it to ca!ry on ihe loan secu~ed hereby. Mortgagee shaif from ti~ne to tin-~•~ nor;f~ moriy;go~ ~n r;r;t;ng of the amo.~~t d_•^ anJ payab;e hereundar ar,d s~ch su~~ shail thercupon be due and payab!e on the due date of tF.~ n_xt n;onth.y payment and e~.h s~_cesslve mo^rh ther~af!,r v~ ri; mcrigagee shal! not;ty mor'gaqcr of a change in sv[h arr,ount. Such sums sha;l be app'ied by mortgag_e ~o::ard the pa~n•,er~i of real preperr~ taxrs, insu~a~ce prem;ums, a~d mortgage g~arenty insurance p!emiums. IN WITNE55 1NHEREOF, the sa'd MORTGAGCR has here~~~nto se! h:s hacd and seal the day and •year first aforesaid. - J~Sigq~d, aled an~eliver n t resente of: ~/Jj~ ? k (Senl) _ - ~il~L.~y}~~7 ~.C.GE'~t.~L'r~~--7 (Seel) - ..r_ (Sael) _ (5ea1) STAiE OP FLORIDA ~ St Lucie CCUNTY OF • 1 9efore me personally ap eared PgUl T~'IOIf18S W~I_118ri19 _ _ and BUZ'T1~C8 Williams _ h,5 wife, to me v.•e!I kn,wn and known tu me to be the individuals described in and who executed the forego~ng instrument, and acknowledged before rne that they executed the same fcr the purposes therein expreased. Ar.d rhe aa~d Burn ~ e e W i 113 ams ~ _ wi~e of the said _ P~ U I, Tt10M8 8~~].1. Blila , upon a separate and private examination by me taken separate and apart from he: said h~sband, acknowledged to and be`ore me that she executed said instrument freely and volun- tarily and without any compulsion, constr~~nt, apprehens:on, o fear of or from her said husband. WiTNESS my hand and official szaf this__~.caC_~ day of November A. D. 19~~ _ , ~ ~ Notary Public in and for the State of Florida at Large ~ ~ L~y" ~~y My Commisaion expires: Return To: 1~~~~ 'F~`±"C~3F~ a~~ Natary Publit, $tatz ~f Fiari~a at lz~r•e First Federal Savinga d. Loan ~.ssociat;on -q - / My Commiss+on E'xpires «av. 3, 1~5'~ (~f Forf P~BrcP. ~`~y ~ J~ Bonded Gr Art~-.o:~.t~r. f.~~ p v`.J~v~l'y~C~. J ~~r '!.4~- . Fort Pierce~, fiorida ~ . • ' " '~5 t~~,; 7_ 3 F~~! ~:~6 • ..'r;. , -1 ! - 1 ; i) ~ _ : ;a i , ~ J ~i_f~~ . ~l . ~ ~ ~ ~ . ~jJ ~ l~ ~i V I 1 ~ I,. . . ~ ' _ t'!_~t~,~U~ ~ . - ' r, BOOK ~~l ~