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HomeMy WebLinkAbout1267 To plu~ and conr~nuou~ly kecp on the bui!d~ng~ now a Mresfrer siruate on sa~d land and on sl! equipment ~nd person~lly cov~red by thii mort~ with all prsmiu~ ~he~eon pa~d in full, f~re insu~ance ~n ~he usual standard policy torm, ~n a nvm app~oved by ~he MORiGAGEE, •~d w~nd~tam inwra~ce in ~M usual •~andard pol:cy fam. in ~ sum aFproved by ~he MORTGAGEE, in such company o~ companies as the MORiGAGFE may d'u~c~; +nd all (i~~ and w~ndstorm insu+snce policies on any oi said buiid~ngs, any interast therein or part thereof, in ~he aggregste sum afpresaid or in ~xteu ~her,iof. ~MII contain the wv~l s~andard mortgagee clause or such o~her dause ~a the Mor~gagre may requir~, makiny the loss u~+de~ said polt c4s, tach and •vNy, payab'e to said MORTGAGEE as irs interest may appear, and euh and ev!?y s~ch po~icy sha~l be promptly ass.gned and detivered to ~ny held by sa7d MORiGAGEE as further iecurity to said mortgage debt, and, ewt leu tlyn ten (10) days in advance of tMe expiration of e~ch pol~cy, to da liw~ to iaid MORTGAGEE ~.er+ew~l thereof, together with a receipt fw the premium of such renewal; artd rhere shall be ra f'ue w winds~orm insurant~ placN: on any of ta+d bvild;ngs, iny interest there~n o~ part thercof, unlrss in the form'and with Ihe ~oss payable as afuesaid; and in the eve~t any sum of moner becoma payablr under such policy a polKies said MORiGAGEE shall have ths opt~on to rececve and apply the same on account ol the indebred- n~u iecv~ed Mreby a w pe~r~i~ ia~d htORiGAGORS ro receive and use it a any pa,t fhe.eoi lor othe? purposes, w~~hout ~h~reb~ waivinq o. ~mpair- in~ +ny ~qu~ty, litn or ~ph~ unde~ or by virt~re of this mo:!gage; and i~ ~he eve~t sa~d MORTGAGORS shall fw any reason fail to ke~zp the said p?emises ao ~s.s:::`d, w fail fo delive~ promptly any of said pol~cies of insursnce to said MORiGAGEE, a fail promprly to pay fvlly any paemium the~efor w in any ~tsped !ai! b pe~Iam, d~scharge, eaecute, effec~, complcte, comply with and ~bide by this covenant, or any part hrreof, said MORiGAGEE may place and pay (w ~uch iniurar+c~ o~ a~y pa~t thereof w~~hout wabing or affating any option, lien, equity, or right ~nder or by virtue ot ~his Mwrgaye, and the full amo~nt oi each ~nd ev~ry such payment sha!! be immediately due ~nd peyable snd shall bcsr interest from the dats thereof until paid a1 tM rate ot niM per centum per ar,um and togc~her wi~h suc~ imere?~ shal{ be secured by the lien of this mortgage. 4. To ptrmil, commit ot sutfer no wsste, impairrt+enf or deterioration of said properry p any part thereof. S. To pay all ~nd ungulu the.cosl~, charges a.~d expenus, includ:ig a ressonable attorney i(ee and costs ot absrrsds of title, incurred or paid at sny time by ssid MORTGAGEE, because o~ in the event oF the isilure on the part o• the said MORTGAGOR to duly, promptly and fvlly perform, d~uharge. •xecute, ei(ect, comptete, comply w~th and ab:de by each ~nd every the stipulations, agreements, conditions, and covenanK of ss'~d promissory note and this mortg~ge any or N~F+er, and sa:d costi, charges and capences, each and every, shal! be immediarely due and payable; whether or no~ there Ae ~otice dc mand, attempt to coI1M a suit pending; and the tull amou~t of each and evcry s~rch payment shall bea. interest from the date thereof until paid at the ?ate of nine per ccntum per amium; and alI said costs, charges and expenses incurred or paid, together w~th ~uth interest, shall be tKUred by fhe lien of thi~ morfQaga. e. That in the event of any breach of this 1Nortgsge w default on the part of the MORTGAGOR, w(b) in the event a~y of sa~d sums of money herei~ referred ro be not promptiy and t~lly paid within Ihirty (30) days next af~er the same seve~afly 6ecome due a~d payable, without demand or norice, or in the event each and every ths ~tipulstions, sgreemcros, cond7~ions and tovenants of sa:d promissory note and th~s mortgage a~y or eithe~ are no1 ~uly, promptly and fully perfwmed, d~xharged, executed, eftected, completed, compl~ed with ~nd ab~ded Sy, then in either o? any such event 1he said ag~ pregaf~ sum mentioned in said promissory note then remaining unpaid, with interesf accrued, artd a11 moneys secured Aeteby, shall become due and pay- - able fwtl.with, or thereafter, at the option of said MORTGAGEE, as fully and completely as if all of ~he said sums of money were aiginally st~pulated to be pa~d on svch day, anythirg in sa~d promissory note or in this Mortgage to the contruy notwithstanding; and thereupon or thereaFter at the op?ion of said MORTGAGEE, without rat~ce or demand, suit at law or in equity, therefore or thereafter begun, may be prosecufed u if all moneys secured Ixreby ~ 1 had mawred pnw to its institution. 7- ihat in the event tha~ at the begin~ing of or at any time pend;ng aoy suit upon this Mortgage, d to fwectose it, w to refwm it, or to enforce payment of any claims hereunder, said MORTGAGEE shall apply to the Court having jurisd~ction thereof fw ~he sppo~ntment of• a Receiver, such Cour1 SFNII fatFiwith ~ppoint s recciver of said mwtgaged property all and singular, includ~ng all and singula? the income, profits, issues and ~evenues from whatever sovrce derived, exh and every of which, it being expressty undentood, is hereby mwtgaged as if spec~~ica!!y xt for~h snd desuibed in the gran~ing and habe~dum clauses hereof, and such Receiver thall have all the broad and effecr~ve funcf~ons and powcrs in anyw~se entrusted by a Court to a Receive~, and such appointment shall be made by s~ch Covrt as an admitted equity and a maner of absotute righ~ to said MORTGAGEE, and without referonce to the adeqvacy or inadequacy of the value of !he property mor~gaged or to the so~vency or inwlve~cy of said MORiGAGOR w the defendants, and that such ren~s, profit~, income, issvrs and revenues shall be applied by such Reteiver accord~~~g to the lien or equity of said MORiGAGEE and the pncNce of such CouR. 8. To duly, promptly and /vlly perform, diuharge, execute, effect, complete, tomply wi~h and abide by each and every the stipy~latioi~ agi~p~enri, conditions and covcnants fn said promissory note and this mortgage set forth. - 9. That in the event the ownership of the mortgaged premises, or any part thereof, becomet veated in a ptrson other tha~ the MORTGAGOR, tha MORTGAGEE, its successws a~d assig~s, may, withovt rar;ce to the MORIGAOR, deal with such successor or successor in interest with refere~ce fo this mwtgage snd the debt he~eby secured in the same manner as with Mortgagor without in any way vitiating or d~xha~ging the Mwtgagors' liability hpt under w vpon the debt hereby secured. No sale of ~he premises hereby mortgaged and no forbearance on the pert af the MORTGAGEf p ir~ successo~s a suigns and no extension of the time for the payment of the debt hereby secured givm by thr MORTGAGEE or its successors a auig~s, aball operate to release, diuharge, modify change or affect the original liability of the MORiGAGOR herein, either in whole or in part. 10. It is spec~fically agreed that time is of the esunce of this contrad and thst no waive? of any obl~gatton hereunder or of tke obfigation se- n,red he~eby shsll at any eime thereafter be held to be a waiver of the terms hereof or of the instrument secured herby. I1. tn add~tion to the fo?ego:ng monthly payments of princ'pDl and interest required by the prom~ssory note secured hereby, mortgagor covenants and agrees to pay to mortgagee with each monthly payrnent ars add~rional sum est~mated by mortgagee to be equal to 1/12 of the annuat cost of the foltow- ~rg= A-All real properry taxes leiied or assessed against the above descri5ed real estate. B-Premiums on fire and windstorm insurance as herein requ~red to be carried on the improvements situate on the above described premises. C-Premiums on such mortgage guaranty insura~~ce as mortgagee shall from t~me to ti~ne deem fit to cany on the loan secured hereby. -Ntortgagee shatl from time to time notify mortgagor in writing of the amount due and payable he~eunder and such sum shall thereupon be due and payable on the due date of the ~ext monthly payment and each successive month thereafter ur,til mwtgagee shall notify mortgagor of a change in wch ~mount. Such sums sFatl be appl;ed by morrgagee toward the payment of real propeAy taxes, insurance prem:ums, and mortgage guaranty insurance premiums. N WITNESS WHERE F, the said MORTGAGOR has hereunto set his hand and seal the day and year first aforasaid. ~ ned, ed ivered in the presence of: ' -~~-,Gl~ e~~iv /~-s~ ~ ~~a~ / r {$!in r$eaq (Sesq STATE OF FlOQIDA ~ couNnr oF ~ t. L u r; P ss. Befwe ~+,e personally a~eared ~ 9>>?~ ~ R ~~Q n ~ ~ r~~ ~ a a i n r l P A c~i 21 t x~; IfCLY~(~G fo me well known a~d known to me fo bs the indiridvals desvibed in end who executed the foregoing instrument, and acknowledged before me that they executed the same fw the purposes therein expreued. ~3[I}~xsh~c `4r]EY. dE )fAEX~f~c 9pRnC+~J61[~f4Rr+l~ 7t~#!C 7!1@AQ7f~749070X XNC IIhE~C llD~b)mf~JlDd)C~1Q~0?Qd~l( ?fdt Ya~F00iYea~436~ 7fi~~76~1(tlk~dO7t3Ci6~ I~rTaYe7rdEA856Ci1IdCdFiE3Qd97i~idC~ilfJ6~TdCTri!?~7i~)EfiCv7G~G?~C Y+oUlaC al~lda44i11~'Pl[~dC4~?fp~t~fQ6XQQ~7f90169C 7fP]~~3~af~7[~ l~rJ4~4IIC~f36K ~id4?7Q?Xr!{~(cfC8Gi6iGi WITNESS my h~nd and official xal this ~ 'fh day of Ma rcr f`r~:. D. 19 EF . - otary Public in and fcr th~ Sfate of EJofid~ ~ lat~ ~ ~ y Commission expires: " a~~~?~ ro: = s ~ (pC': . I-: Fint Feder~l Savings 3 loan Aszouation " - Of Fo~t P~erce. " Fon ~ c p R~ C(} R D E D NO?ARY PUBUC. STkTE ot fLORIDA at LARGE f 1,G MY COMMISSION EXPIRES APR. 24, 1969 ~-t I~, _ _nr.t.Ufll a00K ! n : ~ LYG~Gc.~-GL.~ . ; ` . ~ • ~ , . . ~ ~ . , ~~~'1Afi 3 : 49 _ ~'~=~;;:~G~- - t ~ _ ~J f 1 U - , ' _ - ROGEri i-~~~ ~ CLERK ~ - : . - ST, LUCtE COU~VTY, . ~ ~ FLORIOA " - - , $o~c . - . ~~4 } ~ ~ . p,5~ s ...u.._ _ _ ~ _ ~ -s- _ Y ~ :;;:,at.