The URL can be used to link to this page

Home My WebLink About1367 3. To plac~ and continuously ketp on the bui!d~ng~ now or hareafeer s~tus~e on sa~d t~nd ar,d on ~It equ~pment personally cov~red by thia mon~ sgs, w~th all p~emiurrit thereon pa~d in full, (+re insurance ~n ~he ususl sundard pol~cy fam, ~n a sur++ ~pprovcd by the MORrGAGEE. and windstwm lnsu~~nce in tM usual its~dard pol~cy fam, in • sum approved by the MORTGAGEE, in such company or companies as the MORTGAGEE may d~reclj and all (i~~ snd w~ndstorm insur~nce po~~cies on ~~y of said build~nps, +ny interest therein or pa~t thereof, i~ the agg~egare ium aforesaid w ln ~xtess Ihereof, ahal) conuin the viual itandard mat9agee clause w such other clauie ~s tM Matgagee may rcqy~r~, makinp the loss unde~ said poli- cies, esch ~nd tv~ry, payab~e to s~id MORTGAGEE as its interest may ~ppear, and each ~nd ev:ry svch pol~cy ~hall be promptly au g~ed and delive~ed ~o sny heW by said MORTGAGEE at further security to said mortgage debt, and, not leu th~n ten (10) days in advance of the expiration o} each policy, to de- liver to taid MORiGAGEE a renewal thereof, toge~her with a receipt for the p~emium oi tvth renewal; and ~here shall be ra fire or windsto~m inivronce placed on ~~y of taid buildings, ~ny interest therein w put thereof, unteas in ~he fo~m'and wi~h the losa payab~e as aiores+id; and in the event any sum of mon~y becanef payable under iuch policy a po~icies said MORTGAGEE shall have the option to receive and appfy the same on +ccouN o~ the indebted- neu secv~ed htrlby W to pe~mit said MORTGACiORS to rKeive and use it Or any pa~t thereof for othcr purposes, withouf thsreor wai~i~~g or ~mpair- ing any equity, lien w right u+de~ or by viutve of ~his mo:tysge; +nd in the event ~a~d MORTGAGORS shall fw any reason fail to keep the s~~d premius so insured. w fail to deliver p~omptly ~ny of said policies oi insurs~te to said MORTGAGEE, w fail prompfly lo pay fully any premium therefw or in any respect f~il ro perfum, d~scharge, execute, effect, complete, comply with a~d abide by this covenant, w any part hereof, sa~d MORTGAGEE may place and p~Y tw such insu?anc~ w any parl thcreof without walving a ~ff~ctirg any optan, li~n, equity, w ~~gM under a by virtv~ of thls Mwt9age, and the full amovnt of esch and every such payment sh~ll be immedi+tely due +nd payable and shall besr i~tere~t from the dat~ thereoi unlil paid a~ the rate ol n~ns pe+ centum per annum and to~Nhe~ with such intereat shall be secu~ed by the lien of this matg~ye• To permit, comrnit or sufte? no wasts, impa'ument a deterioratio~ of said p?operty or a~y part thereof. S. To pay sll and singulu the.costs, charges ~nd expenus, inclvding ~ rcasonable a~twney i fee and costs of abstracts of title, incurred or paid at any time by said MORTGAGEE, because or in the event of the (ailure on the paN of the said MORTGAGOR to duly, promptly snd fully perfwm, d~scharge, execute, effect, complete, comply w~th and ab~de by each and every the stipulanons, agrcements, ca~ditions, and mvenants of taid promi:sory nots and this mwtgape a~y or either, ~nd sa~d costs, charge~ and e:penses, each and every, shall be immediately due and psyabte; whether p not there be notice dt mand, +ttempt to coI1M or tuit pending; and the full amount of each and every strch psymcnt shall bea. interest from the date thertof until paid at the rate of nine per centum per snnum; and all said costs, chu9a and expenses int~rred w paid, togethtr with such interest, ihall be setu~cd by the lien of thii mortppe. e. TFwt in the event of sny Meach of this Matgsge a default on tM part of the MORTGAGOR, a(b) in the evcnt any of iaid sums of money } herein referred to be not prompt~y and fully paid wi~hin th~~ty (30) days next after the same sevnally k+ecome due and payable, wi+hout demand or notice. or in the event exh and eve?y the ilipulations, sgreements, cond~tions and covenants of sa~d promissory nofe and th~s mortgage a~y w either are eot iuly, promptty and (ully perfwmed, d~schuged, executed, effected, compieted, complied with and ab~ded by, then in e~~htr w+ny such event the said ag preqab wm meManed in wid promiuay note then remaining unpaid, with interest accrurd, and all moneys secured Fxreby, iMll betome due and pay- able fathwith, o? ttxreafte?, at the option of said MORTGAGEE, as fully and complNely ~s if all of the said sums of money vre~e org~nally st~pulafcd fo be pa~d on such day, a~ything in sa[d p~omissory not~ a in this Mwtgage to the contrary notwithstsnding; and thereupon or thereafte~ at the option of said MORTGAGEE, without notice or demand, suit at law a in equity, thercfwt w thereafter begun, may be prosecuted as if all ma~eys secured Ixreby had matured pnor 10 ~ts institution. 7. That in the e~ent that at the beginnir+g of w at any time pend~ng aoy suit upon this Mortgsge, w to foreclose it, a to reiwm it, ,or to enforce payment of ~ny claims he~eunder, said MORTGAGEE shall apply to the Court having jur~sd~ction thereot for fhe appo~ntment oi a Receiver, tuch Cou?t shall fortliwerh ~ppoint a receiver of sa~d mortgaged property all and sirgular, includ~ng aIl and singu~ar the income, p+of~ts, issues and revenues from whatever cource derived, each and every o4 whkh, it be~ng expresaly understood, is he~eby mortgaged as if spec~iically xt fwth and desa~bed in the g~anting and hebendum clavses hereof, and such Receiver shall have all the boad and effecrive funct~ons and powers in anywise entrusted by a Court to a Receiver, snd such appointment shall be made by such CourT as an sdmitted equity and a matter of absalute right to said MORTGAGEE, and without reierence ro the adeqwq or inadequsty of the value of the property mortgaged or to the so~vency or insolvency of said MORiGAGOR a the defendants, ~nd that such rems, profits, income, issues a~ revenues shall be apptied by such Reteiver accord~ny to the lien or equity of wid MORTGAGEE and the pradice of such Court. 8. To duly, promptly and fully perform, dixharge, e:ecute, effect, comp~ete, comply with and abide by each and every the stipulations, agreements, conditions and covenams in sa~d promissory note snd th~s mortgage set forth. 9. That in the eveM the ownenhip of tFrc mortgaged premises, w any psrt thereof, betomd vested in a person other fhsn the MORTGAGOR, the MORTGAGEE, its succeuws and sssigns, may, without notice to the MORTGAOR, deal with such successor or successor in interest with refe~ence to this mortgsge and the deb~ hereby secured in the same manner as with Mortgsgor withovt i~ any way vitiati~g or diuharging the Mortgsgors' liability hera under or upon the debt hereby secured_ No sale of the premises hereby mortgaged and no forbeara~ce on Ihe part of the MORiGAGEE or its successors or aasig~+s and no extension of the time fw the payment of the dcbt hereby secured given by the MORTGAGEE or iti successws w au~gns, shall operate ro release, diuharge, nwdify thange w affect the original liab~lity of the MORiGAGOR herein, either in whole or in ps?f. 10. It is specificatly agreed that time is of the essence of th~s contrxt and that no waiver of any obligat~on hereunder or of the obligat'an ~e- c~red hereby shall at any time thereafter be held to be a wairer of the terms hereof or of the i~atrument secured Ixrby. 11. In add~tia~ to the forego:ng monthty paymenls of princ'pDl and inrerest required by the prom~ssory note secured hereby, mortgagor covenants a~d agrees to pay to mortgagee with each monthly payment an add~rional sum est~mated by mortgagee to be equal to 1/12 of the annual cost of the follow- ing: A-All real property taxes levied w assessed agaiast the above described real estate. B-Premiums on fire and windstorm insurance as herein requ~red to be carried on the improvemeats situate on the above described pretnises. ~ C-Premivms on such mortgage guarnntr insurar,ce as mo~tgagee shatl from t~me to time deem fit to carry on tFu loan secured hereby. Mortgagee shall from time to t~me notify mortgagor in writing of the amount due and payable hereunder and such sum sha~l therevpon be due and ; payable on the due date of the next monthly payment and each successive month thereafter ur.til mortgagee shall ~ofify rnortgagw of a change in such ~ amount_ Such sums sF.all be applied by mwtgagee toward the paymeM of rea! property taxes, insurance prem:ums, and mortgage guaranfy insu?ance j premiums- S IN WITNESS WHEREOF, the said MORTGAGOR has hercunto set his hand and ual the day and year first a(oresaid. ~ ~kd and livered the pr rxe of: ~ a~ ~ ~ (Ses~ ~ rse.q STATE OF FLORIDA S5. ~a,Nn ~ St. Lucie ~ Before me personslly appeared Jame s F. Ke ene ,,,d Dorothy W. Keene his wife, to me well known and known to me to be tne individwls described in and who executed the forego~ng instrument, and acknowl~a~a befwe me that they executed the same for the p~rposes ~ ~r,~.~~~ ~x~~~a. a~a sai~ Dor~thv W. Ke ene ~ wife o1 Ihe said James F Keene upon a sepsrate and privats ~ examinatw~ by me uken separate +nd apart from her said husband, ~tknowledged to and belwe me thst she executed said instrument freely and volun- ~ rarily a~d without any compulsion, constraint, spprehensan, f~ar of or from her said hysband. ~ WITNESS my hand snd official seal this ~ day of March A. D. 19 66 ~ ! ~~v V . Q~ ~ Notary Public in snd for the State of floride at larye : My Commiuion erzpires: ~ R~r~?~ To: F I L 0!'a N C R~ 0 R D E C~ Notary Pu:r?;c, State ~f Ftorida at larg~ ~~Oh ~ Fint Feder~l Savirys 3 loan Associat~on - - ltl8~ - Mr Com:n;s~i~n Ex es 1969 ~ Of Fat Pierte. ~ -~~L Boaded EY Ar_er,tan~~ yN,~,:3~~0, ~ Fon Pierce, Florida i~E~G~t:.~'_ : ~ ~ 2 3' 21 . } ' ~ I Pi~1 • ,;:;c ; ~ ,;,~.?~~;tirc •i:,.. _ !hs r ~ ~ . ti ~~ti~~1~ ~ f t 3 d , f • . . . . ~ ..^..;,7v. - (;LERK - F'i = ; - ° ~ RO;,'t:. : , i. ' - I~ C~~UtJTY. ...o i ~ . t;' - ST. LUi, - y ~ - . - ~ FLORIDA ` ~ - ~ ~ . i _ . ~ _ : ' , . " • ; ~ ~ ' ~ , . . BOGK 141 1 ~ ~ ti - b4 ~ _ _ _ ._w_,_ x~_~ w. Y~ ~