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HomeMy WebLinkAbout2379 ~ t ; 3. To pla<e and continuously keep on the bui!dings now nr hereafter ~;fuate on safd tand and on aI1 equipmenr and pen~nally covc~ed by this mortq- ~ge, wlrh all premiurrrs rhereon pa~d in fuU, fire insurar.ce in the vs~al s~andard policy form, ~in a wm approved by the MORTGAGEE, and windstorm insurance in tho ueual i+ancfard pof~cy form, in a sum approved by the MORTGAGEE, in such company or companies e• the MORTGACsfE may direct; snd all fire and windsto~m inaure~ca poli;~es on eny of ~lid building~, any interest therein or pan the~eof, in tht ~ggregate sum ~foresaid or in txceis thereof, ~hall contain rhr usua! stertdard mortgagae ciause or such athr~ clause as the Mortgagee mey require, making thr toss under sa~d po~i- tiq, ~ach and every, payable to snid MORTGAGEE as irs interest may appe~ar, and each end every s~ch policy ahai! be promptly su gned and delivered ta ~ eny held by said MORiGAGEE as turther iecurity to said mortgage debt, ~nd, not less than ten (10) days in advance of the expiration of each policy, to dr ~ livs~ to seid MORTGAGEE a ~enewal thereof, to~ether with a receipt for the premium of su<h renewal; and there shall ba no fire or windsrorm in~urmce plsted on sny af se~d buildings, any intere~t therein or pert thcreof, unless in ihe form'end with the losa payable as aforesaid; and in the e~ent any sum i of money becomea payable under such polity or policies said MORTGAGEE shall have the option to reteive and apply the same on account o~ the indebted- ? neu secvred hereby or to permii said MORTGAGORS ro receive and use it or any part thereof for orher pwpose;, without th^rcb~r waiving ur unpair- ~ iny any equily, lien or right under or by virtue of this mw'gage; and in the event sa~d MORTGAGORS shall for any reason faif to Yeep the ~aid premiee• ~o inaured, or fa~l to deliver prpmptly any of said polities of insurence to sa~d MORTGAGEE, or fail promptiy to pay fuity eny premium there(or or in any rtspact rail to perform, discharge, execute, efiect, comp~eta, tomp~y wirh and ab~de by this covenan;, or any pert hereof, said MORTGAG~E may place a~~ pay for tuch im~rance or eny part thereof withou? welving or affectin~ any option, lien, equity, or r~gh~ undar or by virtue of this Mortgage, and the , fulf amouN of each and every such payment shaii be immediately due end payable and sha!! brar interest trorn the date thereof ur.til paid s1 the rate of , nine per tentum per annum and together with SUCIt interest shali be aecured hy the lien of this mortgege. , 4. To permit, commit or suffer no waste, impairment cr dtterioration of said property or ony part thereof. i I 5. To pay ell and singular the.costs, charges and expenses, including a reasonable attomey's fee and costs of abstrocts of title, incurred or paid at ; eny time by said MORTGAG:E, becausE or in ~he event af rh~ fe+lure on the part af the said hSORTGAGOR to duly, promptly and fully perform, discharge, execute, effect, complese, comply w~th and ab;de by each end every the atip~lations, agreements, conditions, and covenants of said prominaory note and rhii mortgage any or either, and sald cosrs, chargea and experxes, each and eve~y, shall be imme~iately d~e and paya~le; whether or not there be notice de~ mand, aftrmpt to coitect or auit pendfng; and the full amount of each and every euch payment shall beer interest from the date thereof un;il p~id at the rote of nine per cer.t~m per annum; and all said costs, charges and expenses inwr~cd or paid, together with such interest, ~hall be secured by the lien of tnii mortyafl 3. 6. Tha~ (a) in the event of any breach of thi~ Mortgage or default on the part af the MORTGAGOR, or (b) in the event eny oF ta~d •~ms of moncy herein refarred to be not prompt~y and fully paid within thlrty (3Q) days nex~ after the same severatly bacome due and payable, withow demand or notice, ~ or (c) in the event each and every the stipulations, agreements, conditions and covenant~ of sa+d promissory note and this mortgage any or e+ther are net ~ ~uly, promptly and f~ily performed, d~scharged, execUted, effected, campleted, complied with and abided by, then in either or eny ivch event the said ag• pregate sum mentioned in said promi:3ory note then remaining unpaid, with interest accrued, and all moneys secured hereby, shall become due and pay- eble fortliwith, or thareafter, at the option of said MORTGAGEE, as fully and tompletely %,s if all of the said sums of money were originelly at~pulated to be paid on s~ch day, ar.ything in sa d promissory 1501C or in this Mortgage to the controry notwiths~and~ng; and thereupon or thereafter at the opfion of said MORTGAGEE, w~tho~t no+Ice or demand, suit at faw or in equiry, therefvre or thereafte~ begun, may be prosecuted as if ell moneya sewred hereby had matured pr~or to its institution. 7. That in the event that at the beginning of or at any time pending any s~~! upon this Mortgac~e, or to forpclose it, or to ~eform it, or to enforce payment oi eny claims hereunder, said MORTGAGEE ahait apply to the Court having junsd~crion thereof for the appantr»ent of a Receiver, such Court shaif forlFiwith eppoint a rece~ver of said mortgaged property all and singular, includ~ng a!I and s~ngu~ar the income, p~oiir, issues and revenues from whate~Er tource derived, each and every of wh~ch, i~ being expressly understood, is hereby mo~tgaged as if spec~fical!y set forth ar.d described i~ the granring and ~ habendum davses hereof, and such Receive~ shaU have ell fhe broad and effectrve funcr~ons and powers in anyw~se entrusted by a Court to a Receiver, and f such appointment shall be made by such Court as an admitted equity ancJ a matter of absolute right to said MORLGAGEE, and wifhout referente to the ~ adequacy or inadequacy of th2 value of the p~operry mortgagtd or te the so~vency or i~;olventy of sa~d MORTGAGOR or the defendants, and thrt such rems, profits, incoma, issues and revenues shall be appl~ed by suth Receiver accordinq to the lien or equ~ty of said MORTGAGEE and the pradice of such Court. S. To duly, prompt~y and fully perform, discharge, execute, effec+, comp(e!e, comply wirh end abide by each and every tha sfipuleYions, agreements, conditions and ccve~ants ~n sa~d promissory no!e and this mortgage tet forth. 9. That in the event the ownership of the mortgaged premises, or any part thereof, becames vested in a person other than the MORTGAGOR, the MORTGAGEE, its successors end ass~9ns, may, wiihout notice to the MORTGAOR, deal wi?h such successor or successor in inrerest wirh referente to thi~ mortgage and the debi hareby secured in the same manner as with Mortgagor wfthout in any way vitiating or ~lfscharging the Mortgagora' liability here- under ar upon the debt here5y sec~red. No sale of the prem~sex hereby mortgayed and no forbearan~e cn the part of the MORTGAGEE or i?s sv:cesFOrs or essigns and no extension of thp tirne fer the payment of the c~ebr hereby setvred given by the MORTGAGEE or its successors or assigns, ahall operate ro release, d~scharge, modify change or affect the origlnal liao~l:ty of the MORTGAGOR herein, either in whole or in pnrt. 10. It is spcufically agreed that time is of the essence ef this contratt and that no weiver of any ob!igatlon hereunder or of the obligation so- y ccred hereby sha!I at any fime thereafter be held to be a waiver of the term3 hereof or of fhe instrument secured herby. I i. In add.t~o? ro the fore o:n monrh! ~ ! g g y paym r+ s of pr;nc'p~! and ;nreres} requ,~ed by the prom sscry nae secured Fereby, mortgagor covenants ~ and agrees tc pay to mortgageE with each monthiy payrnent an add~rional sum es~ ma~ed b~ mortyagee to be equal to 1;' 12 of the annual cost of the follow- in~: ~ A-All real property taxes t?v~ed cr assessed agai^,st the above descri~ed rea! es~are. B-Premiums on f;re and windstorm inwrarce as here~n req~:red to be carried cn the improvements s~tuate on the above d=scribed premises. ~ C-Premi~ms on s~th mor.gage guaranty insurar,ce as mo~tgagee sha;: {rom !-me to time deem fit to carry on the loan secored hereby. Mortgagee sha!i from ti:n:e to tlme no+ify morrgagar ~n wr~tir}g of the amounr doe and payable hereundar and such surn sha;l tfieroupon be due a~d payable on the due oate of the next monfh;y paymcnt and each ;uccessive mon!h thereafter ~r.til mertgagee shall notify mo~toagor of a change in 3uch amount. Such sums shail be app!~ed by morigag~e tor~ard tne payment cf real prcperty taxes, ins~rance prem;ums, and mortgage guaranty insurance premiums. !N W1TNE55 WHEREOF, the said MORTGAGOR has hereunto set his har,d and seal the day and ear first aforasa;d. 5igned, 5ea d delivered fn the presence of: ~ ~ (Seaq 7 _~'~'t-~itt_'P~?J , {Seal) ~ (Sealj - ISea!) ~ STATE OF fLORIDA ~ COUNTY OF Jt ~ LUC~~ ~ ~ ; Before me personally appeared ~~10?R8 S`A~ . Gore end ` Franeeg e~. Gore ~~,;5 wife, to me well known and known to me to be ~ the individuafs detcri6ed in end who exetuted the fo;egoing instrumen!, and acRnowledged before me that the~ executed the same for the purposeo therein exprossed. And the sa~d _ F' Z'8 T~ C e S eT . Gore wife ot the said T~'10TT189 W, ~'r0?"'8 _ upon e seperete end piivste ; examination by me taken separate and apart from her sa~d husband, atxnowledged to end before me that she execute~ said instrument freely and volun• ' tarify and wrthout eny compulsion, constraint, apprehension, or fear of or from her said husband. WfTNE55 my hand and offic~al sea~ th~s___~~"~?~ dey of A. C. ]9~C' ~ ~ ~ Notary Public in end for the State .~f' flptida et' Lstge My Commission expires: ' ` ' Retum To: $:~~,,.SR{ ~ (r~i~ , : ' Fir:t Federa! Savings S Loan Asscciarlon ~ ~r Of Fort Plerce. ' ~ Fort Pierce, florida R ~ ~ ~ ~ ~ ~ i~pTARY PUBtIr, STpTE of ~LORIDA at LAEtC~ , . , + , - ~ n~K F{ ~-F ~~~~,G iriy rOMh1i5S10N EkPiRES APR. 24, 1959 • _ . ~ ' ~ 4~~£1~& Re~ v . . . . . . . ~ ~ ' .~J~"~~~ : oy ~ ~ ~ { .ti ,b5 30 ~~~~1 1~ ~ ~ 1 ~ ~ ~ ~ . - ; ~.~L~ti: 1 : , r0~'- M ~~~U~~3 i ' ~ ~'T. t_i,..~ , . - ;=Lpr,tJK ~ ~~k~ 134 , . 5 73 . .