Loading...
HomeMy WebLinkAbout1522 ' ? ' . , \ r.' 3. To plx~ and continuously k~ep on ths bui!dings now a Mre~iter ~it~~ts on sa~d land and o~ all equipme~t ~nd p~rsonally cover~d by thii enwt~ p~, wilh all premiurtts thereon pa~d in ful~_ tire in~uronce :n the usual standard policy form, jn i sum app~oved by tM MORiGAGff, and winditOrm iniur~nce i~ ths usval •randa.d pol;cy fam, Fn a sum approved by ihe MORTGAGEE, in iuch company or compani~s aa the MORTGAGEE m~y d'uKlj a+d ~II fir~ and windstotm i~surance polities on iny of taid bv~ld~ngs. a~y interest thtrein or part Ihereof, in IF~t +Qgrt9~q tum ~fo~~3aid o~ in ~xceu theroot, sh~ll contai~ ~hs usu~l st~ndard mor~gsyee clause a such orher clauu a~ th~ Ma~psges may requirs, m~kinp tM loss ~~nda s~~d po1F ciss, tach and tvery, p~yable to said MORTGAGEE as its interest may apptar, and cach and every s~cA policy ihall be p~omptly ~ss.g~xd u+d delivered to ~ny Mld by ~aid MORTGAGEE ai further uc~~ity to taid matps~e debt, and, not leu lhan ten (t0) days in advancs of the ~xpiration oi each policy, to d~- I~vN ro uid MORTGAGEE a renewd thereof, togetMr with ~ rece~pt fw the premium oi svch reoewal; and the~e ihaU b~ no f~re or windstam insur~nc~ plac~d on ~ny of said buildirgi, ~ny interat thcrein or put thereof, unless in the form'ar+d wi~h ~M loss p+yable ai ~faesaid; and in 1he event a~y svm of mon~y becomes payable unde+ wch policy or polkros sa~d MORTGAGEE shal! have the opt~on ~o raetve and spply the sam~ on account o~ ths iodebted- eNU tetv~ed MrOby O~ to pe~mit ssid MORTGAGORS fo rcceive and uis it p any pa•t thereof fw othcr pu~poses, without tharEb~ waivi~y p~ impair- inp any op~ity, lien w righl ~nder or by virrue of ~hii mor~qags; and in the evcnt taid MORTGAGORS shaN fw any reason fai) to keep ihe said piemius w insured, w fail b deliver promptty ~ny of said policies of insunnce to said MORTGAGEE, or fait promptly to pay fully any premium therefp a in any reipett fail ro pxiocm, discharge, execute, af(ect, camplets, comply wi~h snd ~bid~ by ~his covenant, a any parf hareof, said MORTGAGEE may place and pay fw suth inturancs w any parf the~eof without wahring p affectinp a~y option, lien, equiry, or right unJer w by virtue of tAis Mortysye, ~nd tht f~ll amount of each and every iuch p~ymant shall b~ immediately dw and paysble and shall bear interest from the date thcreof u~til paid r th~ rate oi nin~ pa ce~tum pe~ annum and toge~her with such i~terest shall be tecured by fl+~ lien of this mortga~e. 1. To permit, tommit or suifer no w~ate, impairment w deteriorat~o~ of said property or ~ny parf thereof. S. To pay aN and singulu the<os», ti~s~ges and expenses, includt~p a reasonable attwney'i fee and costs of abst?a;ta of title, intvrred or psid st a~y time by said MORTGAGfE, bec+uu or i~ the event of the failure on the part of the aaid MORTGAGOR to duly, pro+nptly ~nd fully perfam, d~scharge. sxecute, efiec4 oomplete, comply w~tF and ab~de by esch and every the sripulat~ons, agreements, cond;tions, and coveoants of ss~d prom;:so~y note and this mortgape any or ei?he~, and said cosn, chsrgei and expen~es, csch and every, shall be immediately due and payabte; whNhe~ w not thcre be notice de~ .nsnd, sttempt fo collM or tuit pending; and the fvll amount of each and every iuch psymeM shatl bear interost from the date fhereof unfil paid at the rate of nins pt~ centum pe~ annum; and all said tosts, tharges and cxpenses incurred or paid, togNher w~th suth interes?, ~h~ll be secured by 1M lien of thw mortp~, A. That in the event of a~y breach of this Mortgsge w default on the part of the MORTGAGOR, o? (b? i~ the event ~ny of ssid sums o( mo~ey hemin referred to be nor prompt~y and fully paid within th;rty (30) days ne~et after the same sevratly become due and payable, wi~hout den?snd a notice. or in the eveqt each and every the stipvlations, agreements, tonditions and tovcnants of sa~d promisso?y note and th~s mortgage any or ei~her are not iuly, promptly and fully perfo~med, d~uMrged, rxecuted, effected. compfered, compl~ed wlth and abided `?y, thcn in e;the~ or any such event ~he sa~d ag pregate wm mentioned in taid promiuory note then remaining unpaid, witA interest xcrucd, and aIl moneys secvred hereby, sha~l become due and pay- able fa~hwith, a there~fter, at the option of said MORTGAGEE, as fully and completety as if all of the said s~ms of money were aigin~liy :Gpuleted to be pa3d on such day, any~heng in u;d promissory note w in this Mwtgage to the con?rary notwiths~anding; snd thereupon or thereafler ~t the option of ssid MORTGAGEE, without norke or demand, suil at law w in eqvity, thcretwe or thereaftcr begun, may be proxcuted u if all moneys secured hereby had matured pnor to its irtstirution. 7. iM1 in the event that at the beginning of p at any time pend;ny aoy suit upon this Mwtgsge, a to fweclose it, w to reform it, o~ to e~force payment of any claims hereunder, uid MORTGAGFE shall apply to the Court hav~ng jurfsd~ction thereof fw the appo~~tment of a Receiver, such Coun sMll fwtFiwith appo~nt a receiver of said mwtgaged propcrty alt and singular, ioclud~ng alf and singutar the income, prolits, iuue~ and ievenues from wF~afever source derived, esch and every o~ wh~ch, it be7ng expressly unders~ood, is hereby mongaged as ii spec;fically set iwth and described in the granting and habendum clauses hereof, and such Receiver shall have all the broad and ef(eaive funct~ons and poweri in anyw~se entrusted by a Court ~o a Receiver, ~~d tuch appointment shall be made by such Court as an sdmitted equity and a matter of absotute right to said MORTGAGEE, and withou? reference to the adeq~acy or insdequacy oi the value of the property mwtgaged or to the so,vency or ;nsoivency of said 1160RTGAGpR a the dcfendants, and that such rents, profiri, income, iuuts and revenues shall be applied by such Receiver accwd~nq to the lien a eqvity of said MORTGAGEE and the practite of svch Court. 8. To duly, promptly and fully perform, dixharge, execute, ef(ect, complete, comply with and abide by e+ch and every the stipulations, agrsements, conditions snd covenants ~n said promiuory note arx! th~s mortgage set forth. 9. Th~t in the event the ownership of the mortgaged premises, or a~y parf thereof, ~ecomes vested in s persen other than fhe MORTGAGOR, thp MORTGAGEE, its succeuors ~nd a:s~gns, may, wi~hovt norice to the MORTGAOR, deal witl~ such successa a sutcessor in interest wi~h referer+ce to this mottgagp and the debt hereby setured in fhe same manner as with Mortgago~ without in any wsy vitiating p discharging the htortgagon' liability here. under or ~pon the debt hereby secured. No sale of the premius hereby mortgaged and no iwbearance on ~he pan of ~he MORTGAGEE• a iri wccessors or ssigr+s snd no extension of the time for the payment of the deb? hereby secured given by the MORTGAGEE w its successors or ~uigns, shall operate ro reteue, d~scharye, modify change or af{ect the original liab~l~ty of rhe MORTGAGOR herein, either in whok w in part. 10. h is spetifically agreed thst time is of the essence of this contrad and thal no weiver of any oblgation herevnder ot of the obligation sr a:red hereby shstl st any time thereafter be held to be a waiver of the terms hereof o~ of the instrumen~ secured herby. ' 11. In add;tion to the fwego:ng monthly payments of princ pDl and interest required by the prom~ssory nore secured hereby, mortgagor covenants and agrees to pay fo mortgagee with each monthly payment an add;+ional sum est~mated by mortgagee to be equal to 1/12 of the annual cost of ihe follow- ing: A-All real property ta:¢s levied w assessed agai~yt thc above described real estate. B-Premiums on fire and windstorm insurance as herein requ~red to be carried on the improvements sitvate on tF~e above describtd premists. G-P~emiums on sqch mortgage gua~aoly insuraace as mortgagee shall from t~me to time deem fit to carry on the bsn secured hereby. Mortgsgee shall (rom time to time notify mortgsgor in writing of the amount due and paysble here~nder and such sum shall thereupon be dve and payaWe on the due date of the nezt monthly payment and each success~ve mo~th thereafter ur.til mwtgagee shall notify mortgagor of a change in such amou~t. Such wms shall be applied by mortgagee toward the payment of real property ta:es, insurance prem:~ms, and mortgage guaranty insursnce premiums. IN WI?NESS WHEREOF, the said MORTGAGOR has hereunto xt his hand and seat the day and irst aforesaid. igned, 5 d aod d' in the presence of: / (Sea4 ~ •n s~.o STATE OF FLORIDA ~ counm oF - ~t L.u _ i R ! Before me perwnally appeared _ DLl&..~6 W ~~1Cj{ and J 6 ATl HuC k his wife, to me well known and known to me to bs the mdn~dwls descnbed in snd who executed tFx faegoing instrume~t, and acknowledged before me that they executed the same fw the purposes therein expre~sed. Md the said J98ri (i'. Huek wife ot the ssid DL18276 w. H11C1{ upon a xparate and privst~ examination by me taken sep~rate ~nd apsn from her said husband, acknowledged to and before me that ihe exetvted seid instrument freely end vol~r?- tarily u~d without e~r compulsion, constraint, apprehension~ fear of ot from her said husband. WRNESS my hand and officisl seal this_~~ day of A. D. 19_~s2_ Nota?y Pu in ~nd for t~ 5)G fe yf F{aida af Large My Com ian expires: ( Return 70: Fint feder~l $aviugy.~ loan qssociation ;;:o; For~ ~~,~e. FI L E D A N D P. E C 0 R D E D Notarr P~Sr~, Stats ot Rorida at Car6e .~or?'~~e:c'e,•F~6wda ' ' _~~O~K MY Commsson ~xp:res Aug. 6, 1967 •.ti_•,~ • ,Bond~d BY Amenwn Sunty_ S'ios oi L`l, Y. ~ ~ - 0~l~ - • - . =~'66 MAR 24 PM 2: 41 ~i:~. .i• . ' ,ti . .,'G~~ - f J . ' I. il.J\J~~ y ~ . ~ ~ ROGEfi CLERK . ' r~ ' . . . _ v~~ ' ST. LUCIE CODUTY, FLORIDA . - g0~~~ s~ _ : ; . ~ ~ , t3~.~ _ . ~ ~ ~ ~s_'v" . ~ - -~~~~~A ~ _ r ~ "