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HomeMy WebLinkAbout2050 3. To pl~ce ~nd conti~uously keep on the buildings now w he.eatrs~ situate on said land and on al: ~quipment and penonal)y covared by thii morl¢ ~ge, with all premiu~+3 tl~ercon pa~d in full, (ire insuiance in the usual~ st~ndard pol~cy form, ~ sum approv~d by the MORiGAGEE. +~d windstwm insurante ie~ the usu~l itandard pot~cy fam, in a sum approvcd by the AhORTGAGEE, in such company o~ companies as the MORTGAGEE may dir~ct; and al~ fir~ and windsrorm insurance policiea on any of ia~d buiid~rgs, any intere~~ therein w part thereof, in tM +9g~eg~~~ fum ~foresaid or in tacesi ~hereof, sMll contain tF~e usual ~~andud mwegagee clause or such otha clsuse ~s ~M Ma~y~gee may ~equ~n, ma~in9 the los~ unda ~aid poti~ cis~, esch and every, payab~e to said MORTGAGEE as ifi intereat may appear, and exh and every tvch pol+ty shall be p?omptly ~u 9ned u+d delivered to any hsld by said MORiGAGEE as further sccurity to uid maipage debt, and, not leu ehsn ten (10) days in advance of the expiration of e+ch pol~cy, to dr live~ to uid MORTGAGEE s renewal thereof, togelher with a reteipt fa the p~emium of such renewal; a~d IAere shall b~ no fire or wintlstorm insuranc~ pfued on ~ny of said bvild~.ig~, any interest the+s~n w psrt thereof, vnless in ihe fam'and w~~h the lou payabte as ~faesa~d; ~nd in the e~ent any sum of mon~y becomes p~yable u~de~ ~uch policy a polKies said MORTGAGEE shall Mve tM oprion ro receive and spply the same on accwnt o~ the indebtcd neu setvred hereby or ro permit said MORTGAGORS to receive and use if or any part thereof fw onc~~ purposes, w~thout th~reo~ waiving or ~mpair- ing ~~y eQ~ity, lien or right ~nder or by virtue of this ma!g.?ge; and in tFK event said MORTGAGORS shall fa ~ny reason fail to ketp the satd premise~ w ~nsured, w fail ro deliver promptly ~ny of said pot;cies of insu~ance to said MORTGAGEE, or fail prompily to pay fully eny premium therefx or In any respxt fail to perfo~m, d;scharqe, execute, effect, complete, comply with ~nd abide by th~s covcnant, a any part hereof, said MORTGAGEE may place snd pay for ~uch insuraoce a ~ny part thercof without watviry or sffectinp a~y oprio~, lien, eq•,~ty, or right under or by virtue of ?h~s Mortga9e, end thc fu11 amount of each and every such pay~nent shalt be ;mmed'utety due a~d p~yabl~ and sAall bear interest irom tM date thereof until paid a~ the rate o1 nine pe~ cent~m per ~nnum and to~ethcr with sucA interest shall be secured by the lien of this mortysge. 1. To permit, tommit or suffa no wast~, impairmeM or deterioration of said property ot any paH the~eof. 5. To pay all and singutar the.costi, cFNrges and expenses, includirg a reasonable at~w~ey i fee and costs of abstrscts of titte, i~curred or paid at any fime by said MORTGAG:E, because or in the event of rhe fail~re on ~he pan of the ssid MORTGAGOR to duly, p?omptly ~nd fully per(orm, d~scharge. execute, effect, camplete, comply w~~h and ab:de by exh a~d every the stipulations, ~greemenri, co~d;tions, and covenanrs of said promisw~y note and ~h~~ rwtgage ~ny or ei~her, and sa~d costs, chargcs and cxpenaes, each and every, shall be immediately due aod payable; whe~her a not there be notice d~ mand, snempt to colleN w suit pend~ng; sr~d the full amo~nt of each ~nd e~ery such payment stiall bear interes~ from the dste Ihereof untit p~id at ~he raTe of nine per centum per annurn; and all said ccsts, cha~ges and expenses incurred a wid, togethr. w;th such interest, shall be iecured by tM lien oi thu morty~ye. 6. That (a) in the evcnt of any b.each of this Mwtgage or default on the part of the MORTGAGOR, w(b) in the svent any of said sums of money he?ein rsfe~red ro be not prompt~y sod fuliy paid within thirty (30) days nexi after the same severally become due and payable, without derrNnd o~ notice, or (c) in the eveqt each and every the :tiputations, agreements, co~dit;ons snd tove~snts of sa~d promissory nme and th~s mortg~ge any p ei~her ar~ not ~uly, promptly and fully perfamed, d~xharged, executed, effectcd, tompletcd, complied with and abided Sy, then in e~ther w any such event the uid a~- 9reg~ste sum mentanad in said promissory note tlxn remai~ing unpaid, with interest sccrued. and aH moneys setured hertby. ahall betome due and pay~ able fwthwith, w ~F.ereafter, at the option ot said MORTGAGEE, as fully and completely as il all of the said sums of money were wgin~lly s?ipulated to be paid on such day, anything in sa;d promissory note or in this Mortgage to the contrary notwithstanding; snd thereupai w thereafte~ at the opt~on of sa~d MORTGAGEE, wirhouf norice or demand, suit at law or in equity, thcrefore or thereafter begun, may be prosecuted as if all mor~eys sctured hereby had r?Ntured pnw to its institution. 7. That in the eyenr rhat at the beginning of or et any time pcnding aqy suit u n thi: AAort po gagc, or to fo.eclose it, a to reform °t, or to cnfwce paymcnt oi any ciaims hereunder, said MORTG/~GEE shall apply to fhe Court having ju~;sd~ctiov~ thereof for ~he appomtment of i RKlivN, such Court shail roriFiwith appoiM a receiver of szid mortgaged property a!I and singulsr, includ~ng atl ar,d singular the income, p~ofits, issues and rev~nues from whate~er source derived, each ~nd every of which, it being expressfy understood, is hrrcby mongaged as if ipec;(icalty set fwth and de:uibed in the ~+anting and habendum clauus I+ereof, and such Receiver shall Fiave all the broad and efiective funct~ons and powers in anywise entrusted by a Cov~t to a Receiver, and such appointment shalt be made by such Court as an admitted equity artd a matttr of absolute right to said MORTGAGEE, a~d without referente to the edequacy w inadequacy ef the value of rhe properry mo~tqaged or to the wwency w;nsolvency of said MORiGAGOR a the defendants, a~d that such ren~s, profiq, income, i:sves and revenues shall be apptied by such Receive? accordin9 ~o the lien or equity of said MORTGAGEE and the practice of wch Court, 8. To duly, promptly and fuify perform, diuharge, execute, effect, complete, comply wirh and ab;de by each and every the stipulations, agreemenq, conditions and covena~es in sa~d promissory note and ~his mortgage set forth. 9. That in the event the owrKrship of the mortgaged premises, a any part thereof, becomes veated in s perspn other than the MORTGAGOR, tM MORTGAGEE, its succeuors and assigns, may, wirho~t notice to /he MORTGAOR, deal with suth successor d successor in inte?es1 wi~h refeience to fhis mortgsge end the d~bt hereby secured in the same manner as with Nbrtgagor withovt in any way vitiating or discharging the Mbrtgagors' liability here. under w upon Ihe dcbt hereby sec~red. No ssle of the premises hercby mortgaged and no forbearance on tF~e pa?t of tF~e MORiGAGEE w its sutcessors or ~s:ig~s and no extensio» of ~he time ior the payment of the debf hereby secured given by the NtORTGAGEE or its successws w au;gns, s~ull operate ro release, discht~9e, modify change w affect the original liability of Ihe MORTGAGOR herein, either in whole w in p~rt. 10. It is spec7fically agreed that time is of the essence of this contiact and that no waiver of any obligation hereunder or of the obl'gatio~ ~ cored hereby shal! at any time thereafter be held lo be s waiver of lhe terms hereoi d of the instrument setu~ed Fxrby. 11. In add~fion to the forego:ng monthly payments of princ'pyl and interest required by the promissory note secured hereby, mo~tgagor tovenams and agrees to pay to mongagee 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: i A-A!1 real property taxes levied or assessed agai~st the above described real estate. B-Premivms o~ fire and windstwm insurar.ce as herein requ;red to be car~ied on the improvements situate on the above described premises. C-Premiums on such mortgage gusranty insurance as mortgagee shall from t~me to time deem fit to carry on Ihe loan secured hereby. Mortgagee shall from time to tirru notify mortga9or in writfng of the amount due and payable hereunder and such surn shall the~eupon be due and Fayable on the due date of the next monthly payment and each successive month thereafter ur~fil mortgagee shall notify mortgagor of a change in such amount. $uch sums aF.all be applied by mortgagee toward the payment of real property taxes, ins~rance prem:ums, and mortgage guaranty insurance premiums. IN WITNESS WHEREOF, the said MORTGAGpR has hereunto xt his hand a~d scal the day and year first afweaaid. - Sipned. Seal d d jyer in t nce of: ~ ~ LL L- ~ n ~ a ; ; - ($eaq ~ < 1 ~ r''L L ~ (Sean i ~ SiATE OP FLORIDA ~ ,;'I~•• ` couNTr oF S t • Luc i e u• , ~ ; , ' , : ~ 8efwe me personally sppeared J~me Q Snow ~ j A ~hsabe l SYlOW h~s wife, to me well kndwn and ~nown ro me to_ b~ " the indiridwls desvibed in and who executed the fo~egoeng instrumenf, and acknosvledged befwe me thal they exxuted "1hb=safne for the pinpose~' - ` therein expressed. And ths sa~d A h a R b e 1 S210W ' " ~ - ~ wife o4 the ssid - TAmP q~'ri~W L~•.~ ~~~~~y~ft: exsminatwn by me taken sepa~ate and apart from her said husband, xknowledged to and befue me that she exccuted s~id instrumeM-fr~fjt.alid vaGai- tarily and withovt ar~y compulsion, cortsvai~f, apprehens' or fear of or from her ssid husband. WITNESS my hand and official ~eal thi day A. ~D.• 19 66 1~ ~ " a Notary ubl'K in and tor the State of florida at large My Commiuion expires: f/,.vB~~ ~ Return ~To: J Fint Feder~l Savings 6 loan Assoc~ation • _ _ _ _ : • .onr Of iort Pfcrce. - Fort Pierce, Florida FIL~Qr ~ND P.ECORDOOK , . . i V1TIC1~ ~ ~ ~ ~ _ _ . _ ~ ~ . y i ~ - . - ' ' - =_'~.,~3a~ '66 APR I Pi~l 3 • ' _ _ . . . - 1~~~1~1 RO~~t- ~ . CLERK ~ S~. ~ FLOR DA 'dTY. . , ,r,~ Bo~~ 142 1 ~ ~ : ~ ; - ~ , s - ~