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HomeMy WebLinkAbout1584 3. To plac~ and continuously keep on the bui!dings now or he~e~fte~ situate on sa~d Isnd and on all equ7pment ~nd pe?ionally covered by this mwtq~ +ge, wi~h all premivnrs thcreo~ pa~d in tull, fire insurance in the usual standerd po~~cy form, ~n a sum approved by the MORiGAGEE, a~d wlnd~~orm . insurance in the vival s~andard pol;cy torm, in a sum spproved by the MORTGAGEE, in such company or con+panies ai ~he MORTGAGEE m+y direct; and all (ir~ snd w~ndi~orm insurance po~~ues on any of said build~ngs, +ny inrerest therein o~ part thereof, in Ihs aggrega~e sum afaeuid o~ In ~xceu Ihereof, ihall contain the utual standa~d mw~gagee clause or such o~he~ clause +s th~ Mutgagee msy reqvi~~, ma?i~g ~he loss under sa~d poli- ci~~, each and evcry, payab~e to said MORTGAGEE si ~~s interest may appear, and each and every s~ch policy shall be p~omptlY +~s g~ed snd delivered to any hetd by uid MORTGAGEE ss fur?her sccurity to said mwtgage debt, and, not leu than ten (10) days in advance of fhe expirat~on of each pol~cy, to da Ifve~ to said MORiGAGEE + renewal thereo(, together wifh a rece~pt fa the piemium o( such renewal; and ~here sAall be no f~re or winds~o~m i~suru+ce pl~ced on aoy of sa~d buildings, ~ny interest therein o~ part thereof, unless in the form'and with the loss payable as aforesaid; ~nd in the event a~y sum of money becomes payable unde~ such policy or poltNes uid MORTGAGEE shall have the opt~on to receive and apply the ssme on accounl 01 the i~debted- neu secvred hereby oi to permit said MORTGAGORS to retrive and use it or any part thereof for o~her purposes, v.~~hout th-~eb~ wa~~i~~g or in~pair- ing any equify, lien w righl under or by virtue of this mo:!gage; and in the evcnt sa~d MORTGAGORS shall for any reason fail to keep the aaid premises so insured, w(ail to deliver promptly any of said po~icies oi insurinte to sa~d MORTGAGEE, w fail promptly to pay fully any prem~um therefor w in a~y respecf (sil to perForm, d~scharge, execute, eifect, complcte, comply with ~nd abide by this cove~ant, or any part hereof, said MORTGAGEE may plsce and pay fa such insurance or ~ny pan thercof w~~hout watving or affecting ~~y option, li~n, equ~ty, or righ~ under or by virtue of this Moregage, and the full amovnt of each srtd evay such payment shall be immcdiately dve and payabts and shall bea. interest irom the date thereof until paid at ths rate ol nir.e per centum per annum and to3e~her with such interest shall be secured by the lien of thi~ Rwttgsge. 1. To pstmit, commir or suffa no wasts, impairrt+ent p deteriwation of sa~d property w any part thereof. 5. To pay all and singulu the ~costs, charges and expenses, irxtudirg a reasonable attaney i fee and costs of abstrscts of title, incurred w paid at any time by said MORiGAGEE, because w in the eve~t of ?he isilure on the part of the said MORTGAGOR to duly, promptly and fvlly per(orm, d~uhsrge. execute, effect, complete, comply with and ab~de by each ~nd every the sYrpulations, ag~eements, conditipu, and covenants of said promi:swy note and this mortgage any w e~~her, and u~d costs, charges and expcnses, each and every, shall be immediatety due and payable; whether a not there be norice de mand, attempt to collect o~ suit pend~n9; and the full amount of each and every such payment shall bear ipterest from the date thereof until psid at the rate o1 nine pcr centum per a~num; and all said costs, charges ~nd expenses incurred w paid, togeth~r w~th such interest, thall be secured by the lien of thii mortgsge. A. That (a) in the event of any breach of this Mortgage w default on the part of the MORTGAGOR, a(b) in the event any of ~a~d sums of money hcrein refer~ed fo be not prompt~y and fully paid within thirty (30) days nex~ after the same severatly become due and payable, without demand w no~ice, or (c) i~ tlx eveqt each and every the stipulations, sgreements, conditions and covenants of sa~d p+amissory note and th~s mortgage any w either are not ~uly, promptly and fully performed, d~scharged, executed, effected, completed, compl~ed with and abided Sy, then in either o~ ~ny such eve~t Ihe said ag greqate sum mcnYaned in said promissoty note then remaining vnpaid, with interest accrued, and ali moneys sr•curcd hereby, sha~l betome due and pay- able fwthwith, ar thereafter, at tF+e option of said MORTGAGEE, ai fully and completely as if all of the said sums of money were wiginatly sNpulated to be paid on such day, anything in said prom~ssory note or in this Mortga9e to the contrary notwithstanding; and thereupon a thereatter at the op~ron of said MORTGAGEE, without notice w demand, suit at law a in equity, therefore or tFKreatter begun, msy be prosccutcd ~s if ~ll moneys setured hcreby had matured pnw to its institWion. 7. Thst in the event that ~t the beginning of w at any time pending aoy suit upon this Mortgsge, o? to fweclose iL or to reform i1, a to enforce payment of any claims hereunder, said MORTGAGEE shall apply to the Court having jurisd+ction thereof for the appomlmeM of a Receiver, such Court shall fortFiw:th sppoint a ~eceive? of said mortgaged property all and singular, includ~n9 all and s~ngular ~he income, proi~ts, issues and revenues from whatever sou~ce detived, each and every of whech, it being expressly undersrood, is hereby mortgaged as if spec:iically set forth and desuibed in the grsnting and habendum ctauses he~eof, and such Receiver shall have all the broad and eifect~ve funchons and powers in anywise entrusted by ~ Cou~t to • Receiver, and •uch sppointment shall be made by such ~ourt as an admifted equity and a matter of absolute r3gAt to said MORTGAGEE, •~d wi~hout reference to the adequaq or ir+adequacy of the value of the prope?ty mortg~ged or to the solvency or insolvency of said MORTGAGOR w the defendants, and that such ren~s, profits, income, issues and revenues shall be applied by such Rcceiver accord~ny to the lien w equity of said MORTGAGEE and the prxtice of such Court. 8. To duly, p~omptly and fully perfwm, diuharge, execure, effecr, comptete, comply w~th and abide by each and every the stipulations, agrcements, conditans and covenants in said promisswy note and this mortgage set forth_ 9. That i~ the event the ownership of the mongaged premises, or any pari thereof, becomes vested in a perwn other than the MORTGAGOR, the MORTGAGEE, its successws and aasigns, may, without notice to the MORTGAOR, deal with such successo~ a successw in interes~ wifh reference to ihia mortgsge and the debt hereby secured in the same manner as with 1Jlort9agor without in a~y way vitiating a diuharging tix Nlortgagora' liability here- under or upon 1he debt hereby secured. No sale of the premises hereby mortgaged and no forbeara.~ce on ~he parf ol the MORTGAGEE or it• successors er assigns and no extension of the time fw the payment of the aebt hereby secured given by the MORTGAGEE or its successors or assigns, shall operate to release, dixharge, modify change w affect the orginal I~ab~l~ty of tF~e N+ORTGAGOR here~n, either in whole a in part. 10. It is specifically agreed that time is of the esscnce of th7s contrad and that no waiver of any obligat~on hereunder or of the obligatan se- a,red hereby shall at any time thereafter be held to be ~ waiver of the terrtu hereof ot of the instr~ment secured herby. 11. In add'+tion to the fwego:ng monthly payments of piinc'pD~ and interest required by the prom~ssory rate secured hereby, mortgagor covenants and agrees to pay to mortgagee wish each monthly payment an add~rional sum est~n,ated by mortgagee to be equal to 1/12 of the annual cost of the follow- ing: A-All real property taxes levied w assessed a9ai~st thc above described real estate. ~ B-Premiums o~ fire and windstwm insurance as herein requ~red to be carried on the improveme~ts situate on the above described premises. I, ~ C-Premiums on such mortgage guaranty insurar.ce as mortgagee shail from t~me to time deem fit to carry on the loan secured hereby. ~ Mortgsgee shall from tirt+e to time notify mortgagor ;n writ~ng of the amount due and payable hereunder and such sum shati thereupon be due and E payable on the due dste of the next monthiy payment and each successive month thereafter urtil mortgagee shall notify mortgagor of a change in such ~ arnou~t. $uch sums sh.all be applied by mortgagee toward the payment of real property taxes, insurance prem:ums, and mwtgage gvaranty insurance premium3. ' ~ IN WITNESS 1NHEREOf, tF~e ssid MORTGAGOR has hereunto set his hand and seal tFu dey and year.first i Si9 Se~b a d i r d' the presence of: ~ ' •n - ~ n cx=~ ~ ~ cs~•o ~ STATE OF FLORIDA ~ Saint T~ucie COUNTY OF Before me personally appeared F'' . p. ~'A ~'Cll B ~~~1 na8 S• Ta f'11 @ his wife, to me well known and known to me to be !he individwls described in and who executed the foregoing instrument, and acknowledged before me that they executed the same for the purposes theiein expressed. And fhe said WRnda S. Ta .~;ue ~ rvife ot the uid F. p. Taf'Lle ~pon a upuste and private ~ examination by me taken xparate and apart from her said hus, nd, scknowledged to and before me that she executed said instrument freely and volun- tarily and without arqr compulsion, constraint, appreheni ear of or from her ssid husband. ~ WITNESS my Mnd and official ual this - day of March a p. 1966 ~ / ~ /p~ ~ ~ ' Notary Public in end iw the State of Fbride at l~rye ~s, My Commiuion e:pi s• ~ e~r~.~ To: _3 ~~olary Pubiic, Statc ~i flor'r'a at Larg~ _ Fint Federal Savings d~ loan Association f~~y !'cmmission Exp'ues Nar. 3, ~~69 OF FOrt P~erte. O~D Eo^=~~ anenun i~ a~y p~ C 0 R . ~~+r c~, Fort Pie~ce, Fbrida ~ - ~ Fy~~Q ~NG R , _~ppK : ~y~ . . ~ R - . . - . ~ t~~n, - ~ . . . _ _ : _ - . - F~G-~ ; 13 , ~ ~ ~ ~ . , R 25 PM 3 - ~ ~ ~ - - _ - 66 ~ ~ i ~ ~ r K . . ~ ~~~R ~ ' _ . R~~='` uC?E ~C~~~~TY• . . • . ~ . . ' S~' L FLpR10A ' ~ _ C 1 381 6ooK 14 ~ .1_~ ~ ~ _ _ _ ; > a. ~~~_.^"'~-,..y_~. ° . . ' ~