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HomeMy WebLinkAbout1400 To plac~ and continuously kcep o~ the bui!dingi ~ow w hereafee? ~ituate on said Isnd and on all cquipmenl and peno~ally cov~r~d by fhis mortg~ ~g~, with all premiunt! ~he~eon pa~d in fu~l, fire insurance ~n the usual standaid po~icy form, ~n a sum spproved by ~he MORTGAGEE, and windstum insurance in the usu~l ~tandard pol~cy fam, in a sum approved by the MORTGAGEE, in iuch tanpaoy or compan~es at 1he MORTGAGEE m~y d~nct; ~nd ~II fire and winditorm insvrence policies on any oi sald bu~ld~~+gs, any interei~ thcrein or part thereof, in th~ aggrtg~te sum aforessid o? In extess thereof, shall conui~ ~he usual star.dsrd ma~gagee clause w such other clavse as the Mortgagee msy reqv«e, making the los~ under iaid poli- ues, e~ch ~nd every, payabte to said MORTGAGEE as ~ts inte~cst may appear, and each and eve~y such policy shall be promptly ass qned snd delivered to any held by sa7d MORiGAGEE ~s further security to ss~d mwtgage debt, •nd, no~ less than ten (10) days in advance of the expi.~tion of eath policy, to da livtr to iaid MORTGAGEE a renewal thereof, together with a receipt fw the prcmium of such renewat; and there shall be ~o fire or windstorm insurance pl~cad on u+y of said building~, ~ny intercil therein or pa~t thereof, unless in the fonn'and with ~he loss paYable as •~aesaid; +nd in the event any sum ef money brcanes payable ~nde~ such policy w pol~cies said MORTGAGEE sMll have the opt~on ro ~cceive and apply the same a+ accouM o~ the indebted- neu tecured hereby w 1o permit said MORTGAGORS to receive and uu it w any part Ihereof for othe~ purposes. .vnhout ~harebl waiving o. ~mpair- ing any equ~ty, lien a right ~nde~ ot by virtue of this malgage; and in ~he evcnt said MORTGAGORS shatl fa any reason fail to keep the said premiui io insurcd, or fail to detiver promptty any of said policies of insursnts to said MORTGAGEE, w fail promptly to pay fully any premium therefor or in a~y respect fail ro pertocm. discha~9e, execute, effect, complete, comply wi~h and ~bide by thii covenant, a any parf hereof, said MORTGAGEE may place a~d pay for such insurance o~ +ny part thercof without walving w affeclirq any optioe, licn, equity, or right unde~ or by virtue of this Mortgs9e, and the full amount of each ~nd every such payment shall be immediately dw and pay~We and shall beer interest from ths date thereof until paid a~ th~ rate o1 ' nine per centum per annum and toge~he~ with suth iNCrest shall be secured by the lie~ o( this trwrtgsge. 1. To permit, tommit or sufftr no waste, 'unp~irment or detcrioration of saed property o? +ny part thereof. S. To pay all and singulsr the.costs, charges ~nd expenses, including a ~easonable attorney's {ee and costs of abstrscts of title, inc~rred w psid at any time by said MORTGAGEE, betause w in the eveot of the failure on the part of the said MORTGAGOR to duly, promptly srx! fully perform, d~xharge, execute, effed, comptete, comply w~th and ab:de by each and every tFx stipula~ions, agreemc~ts, condi~ions, +nd covenants of said promisw~y note and this mortgage +ny or e~~Fx?, and sa~d costs, charge~ and e:prnses, each and every, sh~ll be immediately due snd payable; whether w not tAcre be notice dr msnd, ~ttempt ~o collrct w suit pend~ng; and the tull amount of each and ere~y such payment ihall bear interes~ irom ~he date thereof until paid at the rate of n7ne per centum pe~ annum; and all said coats, charges and expenses incvrred w paid, together with such inte~est, sMll be secured by the lien of this mortya9e. A. Thal (s) in the event of any bresch of this Mortgage w default on Ihe paA of the MORTGAGOR, or (b) in the event any of uid sums of money herein referred to bs not promptty and fully paid wirhin ~h~rty (30) days nex~ after the same severatly become due and payable, without demand w notice, or in the event eacl+ snd every the stipulations, sgreements, conditions and covenants of sa~d promiswry no~e and th~s morfgaye any or ei~her are nol ~uly, promptly ~nd fully pertormed, d~scharged, executed, effected, completed, complied wi?h and a6~ded Sy, than in eifher w any such event the said ag- preg~te sum me~tioned in said p?omissory note then remaining unpaid, with imerest accrued, and all moneys secured hereby, shall become due a~d pay- able fwthwith, w thereafte~, at the option of said MORTGAGEE, as tully snd completety as if all of the said sums of money were aginally s?ipulated to be paid on such day, anything in sa:d promissory note w in this Mortgage to the tontrary notwithsts~ding; and thereupon or thereafter at the option of said MORTGAGEE, without notice o~ demand, suit at law w in equity, therefore or thereafter begun, may be proset~ted as if all moneys secured hereby had marured pnOr lo its institution. 7. That in tlx event that at the be9inning oi w at any time pending aoy suit upon this IVlortgage, or to fweclose it, or to ~efwm it, or to enforce paymeM of sny claims herounder, said MORTGAGEE shall apply to the Court having junsd~dion thereof tor the appo~ntment of a Rece~ver, such Court ahsll fortFiwKh sppoint a?eceiver of said mortgaged property all and singutar, includ~ng all and singular ~he income, profits, issues and revenves from whateve? wurce derired, each and every of which, it being expressly u~derstood, is he~eby mortgaged as if specifically set forth and dewibed in the g~anting and hnbendvm clauses hereof, and such Recei~er shall have all the broad and effeaive f~nct~ons and powers in aaywise entrusted by a Court to a Receiver, and such appointment shall be made by svch CouA as an admitted equity and a matter of absoiute right to said MORTGAGEE, and without ~eferente to the edeqvacy or inadequacy of the value of the property mortgaged or to the sowency w]nsolvency of uid MORTGAGOR or the defendants, and that such rent~, profits, intome, issues and revenues shall be applied by such Receiver accordiny to the lien w equity of said MORTGAGEE and the practice of such CouA. 8. To duly, promptly and fully periorm, discharge, execute, effect, completc, comply with and sbide by each and every the stipulatiens, agreements, conditions and covenan~s in u~d prom~ssay note and this mortgage set fath. 9. That in the event the ownership of the mortgaged premises, or any paA thereof, becomes vcsted in s person other than the MORTGAGOR, the MORTGAGEE, its successors and auig~s, may, without notice to the MORTGAOR, desl with svch successw w successor in interest with reference to this mortgage and the debt hereby secured in the same manner as with Mortgagor without in any way vitiating or diuhargirg the Mongagors' liability herr under w upon the debt hereby secured. No ssle of the premises hereby mortgaged a~d no fo.bearance on Ihe pari of the ti10RTGAGEE w its successo~s w sss~gns and no exte~s~on of the time fa the payment of the debt hereby secured given by the MORTGAGEE or its successon or ass:gns, s~iall operate ro release, discharge, modify change or affect the wiginal liab~iity of the AhORTGAGOR herein, either in whole a in part. 10. It is spec~fically agreed that time is of the essence of th~s contract and thst no waiver oi any obligation herevnder or of the obligation st n,red hereby shaSl at any time thereaftcr be held to be s waiver of fhe terms hereof a of fhe instrument secured herby. 11. In add~tion to the forego:ng monthly paym~nts of princ'pDl and interest requ~red by the prom~ssory note secured hereby, mortgagor covenants and agrees to pay to mortgagee with each monthfy payment an add~rional sum es~~mated by mortgagee to be equal l0 1/12 of the annual cost of the follow- ing: I A-AU real property taxes levied or assessed agai~st the above dexribed real estate. ~ B-Premiums on fire and windstorm insurar.ce as herein requ~red to be carried on the improveme~ts situate on the sbove described premises. I C-Prcmiums on such mortgage guaranty irtsurar~ce as mortgagee :ha{I from t~mc to time deem fit to carry o~ the loan secured hereby. ~ Mortgagee shall from time to time notify mortgagor in writing of the amount due a~d payabfe hereunder and s~ch sum shal! thereupon be due and I pay~ble on the due date of the next monthly payment and each successive monfh thereafter ur.til mortgagee shall notify mortgagor of a change in such amount. Such sums shall be applied by mortgagee toward the payment of real property taaes, insurance prem.ums, and mortgage guaranty i~surance premiums. • tN WITNE55 WHEREOF, the said MORTGAGOR has hereunto set his hand and xal the day and_ year first sioresai / o~d, aled snd delivered iy~ e pr sy~ e of: Hj l 5@al ~ g ~ ~O _~._..t/ ~ C+c~l..~~l~ ~ ~ ~ry ~ - - - a'' ~ . Qi~ Se+q ~ Se~q ~SP81~ STATE OF FIORIDA ~ ~ ~ 3~~ r_t I••acie 4lells E. e~rae ~„e a.~i_iz appeared R Pa - ~ i s wi e ~l ~ " ~ nil ~c Doro thv V. Tol s on hi s wi fe 8C • O 11 R. hn wife, to me well known and known to me to be the individwls detvibed in and who executed the foregoing instrumen ; cknowledg ore me that they executed the same fw the pvrposes ,h~,~;~ exa~,~a. ,n~ ~,aBettv J. Z~chow, wife of Williar~ F. ?achow. and Dorothy V.Tolson ~ wu~ o+ ri,. ~~aWells E. Tolaon A.udrey F. Derk, wife of John R. Parl~„ ~ KParate and priv~te examinaY:on by me taken separete and apart from her said hus nd, ~cknowledged to and be(ore me thst sFie executed seid instrumeM freely ~nd volun- ~ rorily and witho~t •ryr compul:ion, constraint, apprehension, or esr of w from her said husband. , ~ 1NITNE55 my hand +nd official seal this day of M~7'Ch A. D. 19 ~ L o.~~~l~ ~7 • _~E=4-c~ - - Notary Public in snd for the State of Fbrida at Larye ~ , My Commission eapirp}: ri R~f"`° - R E C 0 R.D E D ~roiary Public, State af Fiorida at Larqe ~ F~nr Federal Savings f :s6~G~r~, ~ K 11Ay Commission Expires Nor. 3, 1969 ~ ~f fOrt ~QiE~t 6o.~ec' 6Y a~N.c~n Fu~ d:.u~a;rr G. =W Fort Pierce, flon • ~ '.a., i~ ..'~i• ~G 22 t~ 3 . yy : :.:.........1:- . ~ f: . ~~s c~.~,~ F ' _ ~ ' •1.. ~'"'`3~ ~jF'-! ~ _ _ . 14 } , ~~~x : ~ ~ ~ ~ ~t0~~r~~ ~pUt TY. - - , . - ~ - - • : ~ _ ST. L FLORIDA " • - _ . ~ ~ • ~ . : sc' , _ - ~ ~ ~ ~ ~ BODX~~~ ~ ~ - . ~ . ~ ! ~ . ; ~ ~ ~ ' ~ ~ _ - ~ § - `f~ ..e . ~ _ . _ , _ ~ ~ ~-Sx".