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HomeMy WebLinkAbout1302 3. To place end rontinuously lceep un the bu~'dings now or tiereafter fi!~ete on sa~d land and cn a!I equio:nent nr.d personelly covered by this mortg- ~ge, w;th all premium~s thereon pa:d ~n fu!1, f~ie iosv~ance ~n the ~sva! standard po~icy form, ~n a sum approved by the MORTGAGEE, end wind:torm insurance in the uaual atandard pol,cy fo~rn, in a s~m apprnved by ihe MORTGAGEE, in such company or compan~es as the MORTGAGEE mey direch and aii fire and w~ndstorm insurante policies on any of said bv~!d~ngs, any interest therein or part thereof, in the eg9regate ~um aforefaid or ln excess the~eof, sh:all contain the utual standard mortgagze dause or suth other clause ax the Mortgagee r,:ey requlre, meking the loss under sa~d poli- cies, each and evary, payable to said MORTGAGEE as ~ts ~merest may appear, and eech and every s~ch po!~cy shall be prompNy ass gned and delivered ro any held by said MORiGAGEE as furthzr ~ec~rity r~ said mortgage debt, anc+, not lesi than ten (10) days in advance of the axpiration of each pollcy, ro de- iiver to ~a~d h!ORTGAGEE e renewal thereof, togerher v~~ith a rece~pt for the premi~m of s~ch renewal; and there shall be no f~re or wir.dsiorm insurance pleced o~ eny of said bui!d~ngs, any interest therein or part thereof, ~~nless in the form'end w~!h the loss payable as afo~esaid; and in the event any s~~, of money becomes oayable ~+ndet tivch pality or policies said MORTGAGEE shal~ have the option to recaive and apply the same on account o~ the indebted- ne~s sec~red hereby or ro permi; said MORTGAGORS to ~eceive and use it or any part th?reoF for oft,er p~r, oses, .•,:thout ih~reo~ .v3~~~ y er ~~npa~r- ing eny equity, I~en or right under or by virtue of this mor'gege; and in the event aa~d MORTGRGORS shall for any reason fail to keep the said premises so inwred, or fail to deliver promptly any of said poGcies of insurence to sa~d MORTGAGEE, or fail promptiy to pay f~ily eny pre~n~um iherefor or in a~y respect fail to perForm, discharge, execute, tffect, tomplete, compiy wirh and ab~de by tFus covenani, or any pari hrreaf, sald MGRTGAGEE may plece and pay for suth insurente or any part thereof without wriving or affecfi~g any optiOn, lien, equity, or right under or by virtue of th~s Mongage, and tht fuli amount of eech and every s~ch payment shali be immediately due and payabie encJ shali bear interest from tha date thereof ~ntil paid a~ rhe rate o1 nine per czntum per annu:n and to~ether w~th s~ch interest shali be set~red by the lien Of thia (nortgage. d. To permit, commit or suffer no •r:aste, impairment or deterioration of said property or any part thereo~. 5. To pay all and sing~lar the~costs, chargcs and expenses, includ~ng a reasonabfe atrorney's fee and costs :F ebstracts of tiNn incurred or paid at any timz by sa~d MORTGAGEE, because or in the event of the fallure on the part of the said MORTGAGOR to duly, p~omptly and fully pe~form, d~scharye, execute, effect, comp~ete, comply wrth and ab,de by each a~d every rha st~pu~at~ons, agreements, tond%tiona, and covenants oi said pro ssory note a~d thie mortgaye any or either, and sa;d cosrs, chargea and expentea, each and every, shall be immediately due and payable; whether or not there be noticc de- mand, attempt to colitct or suir pending; and the fuil amount of each and every such paymem thall bea~ inreresr from the date rhereof ~ntil pa~d at the rate of n~ne pe~ centum per ar.num; ar.d all said cosro, charges and expenses ~nc~rred or pa~d, together w~th wch imarest, shall be setured by the I~en of th~t mortgage. e. That (a) in the event of any breach of this Mortgage or default on the part of the MORTGAGOk., or (b} ,n the event any of ia;d sums of n;oney herein refe~red to be no` prompt:y and fully paid with~n th~rty (30) days next after the same severalh~ become due and payable, without demand or notice, or (c) in ihe e~e~t each and every rhe stipulations, agreements, ConditiOnt and covenants of sa,d promissc~y note and th~s mortgage any or either are not ~uly, promptly and f~l(y performed, d'.scharg~d, executed, effected, completed, compl~ed w~th and ab~ded 5y, then in eithEr or any suth event the sa~d ag~ preqate sum mentioned in said promissory note then remaln~ng unpa+d, wirh interest accr~ed. and atl moneys secured hereby, ahall become d~e and pay eble forthwith, or thereafter, at the optlon of said MORTGAGEE, as f~lly nnd compietely as if all of the said sums of money were o~Iginaily st~pu~ated to be paid on such dcy, anything in sa:d prom~ssory note or in this Martgage to the contrary notw~~hs;anding; and therevpon or thereafter at the option of said MORTGAGEE, without notice or demand, suit at law or in equ;ty, iherefore or thereafter begvn, may be prosecuted as if all moneyz secured hereby had matured pr~or fo ~ta instlrution. 7. That in !he event that at rhe brginning of or at any time pending aoy su~t uFon this Mortgage, or !o foreclose it, or ro reform it, or to enforca payment of any claims he~e~nder, said Pr10RTGAGEE shall apply ro the Courf having i~~~sdlction thereoi tor the appo~ntment of a Receiver, such Covrt shaif fortFiwith appoinr a receiver of said mortguged property all and singulai, inciud ng ali and s~ng~iar tt'~e income, prof~ts, iswes and revenues trom whatever source derived, each end every of whlch, it being expressly ~nders!ood, ~s hereby mortgaged a: if spec,fically set forth and described in ihe grant~ng and habendum clavses hereof, and wch Receiver shall have all the broad ar,u efiecrive funcf:au and powers in anywise entr~sted by a Court to a Receiver, and ouch appointment ihaii oe made by svch Court as an admitted eq~ity and a matter of abso'ute r:ght to said MORTGAGEE, and without reference ro the edequaty or inadeq~acy of the va!ue o` the property mortgaged or to rhe sc.vency or inso!vency of said MORTGAGOR or ihe defendants, and that wch renis, profirs, income, issues and revenues shali be app;ied by such Receiver accord~ny to the lier, or equity of said MCRTGAGEE and the procri<e of such Court. 8. To duly, promp!iy and fully periorm, discharge, exe:ure, effect, cemp;ete, cernply with ancl abide by each and every She stipu!ations, agreeme«IS, tonditions and covenams ~n said prom~sscry note and ~h~s n~ortgaqe set forth. 9. That in the event the ownenh u of tne mortyaged prem~ses, or any part thereof, becomes vested in a person other than the MGRTGAGOR, the MORTGAGEE, its wccessors ar,d assigns, may, w~fhaui noe~ce to the ,"+10RTGkOR, deal w~th s~ch successor or svccessor in ~nrerest w~rh reference to th~s mortgage and the debt hereby secured in the same mannei as w~th Mortgagor w~theut in any way vit~ating or d~scharging the ~l~ortgagors' liaoiiity here- under or upon t~,e debt hereoy sec~red. tvo sa:e of !he p!en'~ises hereby mortgeged and r.o fe~bearance on fhe part of th= MORTGAGEE or its successors or ass~gns and no exrenslon of the time for th? payment oi the debt he~eby secured givcn by the MORTGAGEE or ;rs successors or ass:gns, ahai; operate ro release, d~scharge, modlEy change or affect the oriy~nal Iiablllty of the N~ORTGAGOR herein, either ir, whole or in part. 10. It is specifical!y agreed that time ia of the esse^ce oF th~s conrract and that no waiver of any ob!~gat~on hereunder or ei the obiigation se- c~red hereby sha;i at any time thereafter be he:d to be a~va~v~r ef the term3 hereof or of the instrurnem secured he~by. 11. In add,fie? to rhe ferego r.g month!y paym^nts of pricc p;,! and interesr req~!~ed by the ~re-n sscry ne~e se-ured 'r.ereb;, mocrgagor eov2nants and aqree3 to pay to m:~~tgagee w~th each Ton~hly payr,,ent an zdd •~onal sum es! ^ a~ed b~ ^o•tgagee to be eGuai to 1 li of rhe annual ccst cf the fc;;ow- ing: P.-A11 real procerty taxes levi=d o~ assesscd ago~~,st the ab~ve dzsaib~d rea! es'ate. B-Premiums on fire and windsrorm fnsvracce as here:n r~qu~red ro be carri~~d cn thr improve~nents s tua!e on th: above described premises. C-Premium.s en su:h mortgage 9uaranry irsurz~ ce as rnor!gagee shall frem t me to ' ne deem f~t to carry on rh? ioan secvred hereby. Mortgagee sha!J frem tirne to t;n;e r.ct~fy •ncrtyano~ ~n w~it~ng of thz a-•ou^.t d.~ ar,d payab'e hereuncicr ar,d such s~~~ snaii theraupon be due and payable on tne due da!e of rhe next m~~!hiy payrne~~t and each successive n~onth tnereaf?_r unt~! mortgagee sha!I not~fy mortgayor of a change in s~~.h amount. Such s~ms sFall be zoplied by mcrtgaaee to:~:a•d the payment of real prcperty taxes, ins~rancr prem:~ms, a,~d moregaye guaranty insurance p~emiums. IN VJITNE55 WHEREOF, the said A~1UR7GAGOF, has h~reu~to set his hand and seal the day and year first aforasa:d. Signed, Seal a delivered in the presence af: C~`/lJ~ ~ ~ , _~(Seal) ~ ~ i'r-~~ f~ (Seal) - - - (5eal) --r lSeal) SiATE OF FLORIDA 1 St. Lucie } ss. COUNTY OF I Before me personal!y appezred -ri~Y'~.L"llf~8._~ ~~:Z V ~ Cj g~_P.~ A S l T'l P. A C3ll and F.dnA Rj PI77.~_ A 5121~,ZP. 8~ll1~__ _}siTwiie, tp me well known and kno+.n to me to be the ind:viduals descrlbed in ar,d who exec..~ted the foregoirg instrument, and ackno~ti:edged befare me that they executed the same for the purposes therein expressed. ~n~thc~-sei~ - vsif= af-the"~ai~ - vport- e~ eeperefe -end-orivete eka.niwaNwr-by ~rrt teken yepara~e-~r3-apar-f~o+r+~,e.~e:~-f+avbend,-erknvwikdged-to- errd ~e+are~°mEr-;her ~r txeco~teef-seid- inmerner+s -ireeFy-a+fc~-vobrn reri~y ~end-v.;rkaer~an,r eornpul~~er ,r eorrsrrair,r, ~epprehensierr, ar-fe~ar erf~ frorr.- I+~rsbe+id. WITNE55 my liand and offic~al seal th~s ~C day of ' ~ A. D. 19~_ F I j~,.~3 ~ ~ K - - C~,I ~ Nctary Pub'ic ir a~d for th~ St3te of Flprida.sJ lar0e ~ ~ h"y Comm ssion expires: ~ Reiurn Tc: / d- • 2.~:~ ~ , r ' First Federal 5avings 3 loan Assotiat;on~~ ~ • ' ~ • ~`t ~ ~ ' " of Fo„ P _,~~5 ~~C ~ ~ ~ ° - Fcrr P~e~ce Fior ~ ' r, wr : ; 4 ; . . r~oTa.•i ; ~c. ~T. T~ ct flf!^ie~ ~t u~Pr,E , r.~.~. (.,~rC.~:~` '~'i i,;; , ~~;,r~vii E:1~iR`tS APR. 24, i959, . ~Q~~,` ~ `"•`r` ~Q`JN~Y. , S~ L~ v t t r ~1-~RI~A . . ~akK 1~3 ~ ~6 . ~ - . , : .