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HomeMy WebLinkAbout1369 9. To placs and continuously keep on the bui!d~ngs now or hereafta ti~tu+te o~ sa~d Isnd and on ali equ~pment and pasonally to+tred by tAi~ mortg- wi~~ •II premi~ms thereon pa~d in full, fi~e insurance in the usual ~eandard poiicy form, jn ~ sum ap~uored by the MORTGAGEE, ~nt~ windsto~m +nwr~nce in the usual itandard pot~q fo~m, in a sum app~oved by ~he MORTGAGEE, in iuch company oa compan~es ~s the MORTGAGEE may dincl; ~nd all firs and w~ndstorm ~nsurance polic~es o~ any of aid buitd~ngs, ~ny inte~es~ therein or pa~t thercof, in IM agyrog~le sum afatsaid w in ~xceu thereof, sAall comain ~he usval standard matgsges clause a such othe~ dause +s tM Matysgee may require, makinp the loss unda ss~d po~~ cia, each and every, paysble ro said MORiGAGEE as its interest may appear, snd each ar+d every s~ch pol~cy ih~tl be p~omptly ~se gned and delive~ed ro ~ny Mld by isid MORTGAGEE as (urther secu~ity ~o ssid mort9~ge debt, and, not less than ten (10) days in advance of ?he eYpi~auon of each policy, to dr liv~? to isid MORTGAGEE • renewal thereof, ~oge~her with ~ rcceipt fa the premium of such renewat; and there shall be no fire a winds?o~m insurance pl~ced on ~ny of said buildings, ~ny interest thcrein or part theroof, unleu in the forrti u+d wi~h th~ toss payable as aiwes+~d; and in the event any tum of money becomes payable w~der such policy or polKies said MORTGAGEE ihatl have the opt~on to receive and app~y the same o~ accounl oY the indebfed- neu secured FKreby w to permit sa~d MORTGAGORS to receive ~nd uu it a any part thereof for o~he. purposes, w~~hout ~h~rEO~ wai~~~~g a~mpair- iry any p~ity, lien a right undcr or by v'utue of this mor:yage; and in tM eveet wid MORTGAGORS shall iw ~ny reaso~ fail to kecp the said premises so iniured, or fail b deliver promptly ~ny of said po~~ciea of insurince !o ssid MORiGAGEE, o~ fail promptly to pay fully any premium therefp w in a~y reipect fail to perfurn, discharge, execute, eifect, complete, comply wi~h and ~b~de by this mvenant, o~ any ps?t hereo(, said MORTGAGEE may place and pay fw suth inwrant~ w any put thereof without watving a ~ffecting any optipy lien, eqvity, w ~ight under o~ by virtue of this Mortgaye, and ths full amount of each W+d every sucA payment shall be immcdiately dve and payable and shall bear interest from ths dat~ thereof until paid al the rate of nine per «ntum px annum and to~e~he~ with such interest shall bc secured by the lien of this mortgage. 4. To permit, commif or su(fe~ no wasro, imp~irment ot dcter'aration of aaid prope~ty or any put thereof. S. To pay ~II and sinpula? the.costs, charges snd expenus, includirg a ressonable atto~ney i fee and costs of abstracts of title, incurred o~ p~id et eny time by wid MORTGAGEE, bec~use a in the event of the fa~lure on the part of the said MORTGAGOR to duly, promptly ~nd fully pe~form, d~xhar9e. exa~te, effect, complete, comply with and sbide by each ~nd every the stipulations, agree~rr_nts, conditions, a~d mvenantt o~ said promissory note and this mwtgaye ~ny or ei?he~, and said cosn, cMrge~ and experres, exh and every, sMll be immediatety due snd paysble; whether w not there be notice de~ mand, ~ttempt to collect or suit pend~ng; and the ful! amouM of each and every iuch psyment sAall bear interes~ irom the date thereof vntil paid at the rate of nine per centum per annum; and a!1 said costs, charges and expenses incurrcd or p~id, together w~th such interest, shall be secured by the lien of thu mort~~ge. 0. That (a) in tl+e event of any breach of thii Mortgspe or defauh on the pa?t of the MORTGAGOR, w(b) in the event sny of uld sums of money herei~ referred to be not prompt~y and fully paid within thirry (30) days next after Ihe same uvera;ly become dve and payable, wi~hoW demand o? notice, or i~ the eveqt each ~nd every ~he stipulations, agreements, cond~tia+s snd covenants of srd promiuory note snd th~s mortgage a~y w either are rwt ~uly, prompNy and fully perfwmed, d~uharged, exauted, effected, completcd, complrcd w~th and ab~ded ~iy, then in eifher w any iuch event the s~id ag- preg~te sum mcnYa~ed in ssid promissory note then ~~maining unpaid, with i~terest accrued, and aIl moneys secured hereby, shall become dve and pay- able fwthwith, w thereafte~, at the option of sa~d MORTGAGEE, as fuSly and comple~ety as i4 all of the said wms of ~oney wc~e wiginally sr:pulated ro be paid on such day, anything in sa:d promiuory note or in this Mortgage to the contrary notw~~hstanding; and ther~upon w thereafte~ at the option of •aid MORTGAGEE, without notice w demand, suit at law or in equity, therefwe or thereafter begun, may be prosecuted as if all moneys tecured hereby had matured pr~cr to ita institWion. 7. Thst in the event that at the begin~ing of or at any time pend'+ng soy su~t upon this Mwtgage, a to fweclose it, o? to refam it, or to enforce payment of any daims hereunder, said MORTGAGEE shall appty to the Coun having ju~~sdldion thereof for ~he appomtmen~ of a Raeiver, such Court shafl FwtFiweth sppoint a receiver of said m«tgaged property all and singutar, inctud~ng a11 a~d singular the income, profits, issues and revcnues from whatever source derived, each and every of wh;ch, it being exp~cssty understood, is F+ereby mortgaged as if :pec~ficalty set forth and described in the g~anting and habendum clavses hereof, and such Receiver shatl have all the broad and ef(ec~ive funct,ons and powers in anywiu entrusted by s Court to a Receiver, and such appointment shatl be made by such ~ou~t as an admitted equity and a matter of absotute righi to said MORTGAGEE, and wi~i?wt re(erence to the adequacy or in+dequaq of the value oi ~he p~operty matgaged or to the sonrency or insolvency o( said MORTGAGOR u the delendants, and that such rents, profiri, intane, issves and revenuea sF~all be applied by svch Receiver accordinq to the lien o~ eqvity oi aid MORTGAGEE and the practice of such Court. 8. To duly, promptly and fully perfwm, diuharge, execute, effect, mmplete, comply with snd abide by each •nd every the stipulations, sgreements, , conditions snd covensnts in sa~d promissay note and th~s mwtgage xt forth_ 9. That in the event the owncrship of the mottgsged premises, w any part thereof, becomes vested in a person othe? than the MORTGAGOR, the MORTGAGEE, its successors snd assgns, may, without notice to the MORTGAOR, deal witl~ such successo~ or successor in inferest w~th refcrence to this mort9age and the debt hereby secured in the same manncr as with Mortgagp withovt in any way vitiating or d~scha~ging the Mortgagors' lisbility here• under w upon the debt hereby secured_ No sale of the premixs hereby mortgsged and no (orbearance o~ the part ol the MORTGAGEE or its successors w assigns and no extension of the time fw the payment of the debt hereby secured given by the MORTGAGEE or its successors a ~u:gns, s~.all operate ro release, dischar9~, modify ch~nge or affect the orig~nal liab~l~ty of the MORTGAGOR here~n, either in whole w in pa~t. 10. It is specifically agreed that time is of the essence of this contract and that no w~iver of any obligat:on hereunder w of the obligatan se- cured hereby ahatl at any time thereafter be held to be a waiver of the terms hereof a of the instrument ucured herby. 11. In add~tion to the forego:~g monthty payments of print'pDl snd interest required by the promissory note setured hereby, mortgagor covenants and sgrees to pay to mortgagee with each momhly payment an add~~ional sum es~~mated by mortgagee to be equal to 1/12 of the annual cost of the follow- ing: ' A-All real property taxes levied or assessed agai~st thc above deuribed real estate. B-Premiums on fire and windstorm insurance as herein requ~red to be ca.ried on the improvements situate on the above dsxribed premises. C-Premiums on such mortgage guaranty insurance as mortgagee shatl from t~me to time deem fit ro ca~ry on the ban secured hereDy_ j Mortgagee shall from time to tirrK notify mortgagor in writing of the amount due and payable he?eunder and auch sum sha!I thereupon be due and i payable on the due date of the ne:t monthly payment and each successive ~nonth thereaft~r un!il mortgagee thall notify mortgagor of a change in such ~ amount_ Such sums shall be applied by mwtgagee toward the payment of real property taxes, insurance prem:ums, and mortgage guaranty insurance j premiums. ~ IN WITNESS WHEREOF, the said MORTGAGOR F~as hereunto set his hand snd seal tF?e day and year first aforeaaid. ~ gned. Sea and li „i ed in t~ e of: . ' n ~ s~•n s~•n . ~ STATE OF FLORIDA ~ courm oF St. Lucie Befwe me personally appeared D a v i d K. G o s n e_y ,,,d Regina V. Gosney hes wife, to me well known and known to me to be the Individwls desuibed in and who executed the foregarg instrument, and acknowledged befwe me that they executed the aame fw the purposes ~ r~.~~~ e~.~a. n~a rt,e ~~a Re~ina V_ Gosne~ wife of the said David K_ Gosne,~; upon a xparate ~nd privat~ exemin~Yan by me taken separate ~nd ~part from her ssid husband, acknowledged to and before me that she executed said instrument freely snd volurr rarily and withovt s~r tompulsion, constraint, apprehension, a fear of w from Fxr said husbsnd. ~ WITNESS my Mnd and official seal this ~far day of March a o. ~9 66 ~ ~ Notary Public in snd fw the S~ f Fbrida ~t Larpe ~ rg My Commission expira: ~ a~~~.~ To: / z ~'-G g ~ First fedenl Savings E loan Assoc~at~on NOTARYPr_'^t'^ ^~-~~;I~f~peGB Of FoH Pierce. h1Y C,^'" - y ~ _ , ':a. 1°03 ~ fort Pierce. Florida ec,n__~ _ ;;;_pTELi!„q3T ~ , _ . FILED ,~NG RECORDED ~ . ~ j~ IZ~EOt~--`~ 0 0 K . ~ . , i Q~i _ ' , - - . ~ . ~ . . _ . ~ vr~~~ _ ~ ~ - - ~ . ~ ~ ' , . . . ~ ~ 2 I P~1 3 ' . . - . - - ' ~ _ - ZI ~ _;~J ~ E6 MAR . . ~ . ~ 1~~„,-~;,~ _ . ~ ROGEi: i=i:,- ;~.:a:~. CLERK . . ~ ST. LUCit C~U(vTY. ~ R FLORIDA B~OK~~~ 166' .f~ ~ 4 3:` ~ . ~ e` F-?,~r.y ~ _ . : _ _ . _ .