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HomeMy WebLinkAbout2210 , To plac~ •nd ca+tinvouily keep on rhe buildirgs now or hereaf?e~ ~ituits on s~~d land and on all equipment ~nd p~nonaily covaed by thii mor~~- sq~, with ~11 premium? thueon pa~d in full, fire insurance in the usual standard policy form, ~e? ~ sum approv~d by the MORiGAGEE, ~nd winditwm Insur~nce i~ 1M usu~l standard po1;q fwm, in • sum approved by ~he MORTGAGEE; in wch company or tompanits as th~ MORTGAGEE m~y dc~~ctr and ~1! fir~ and w~nds~orm insurance poliuei on any of said b~ild~r+gs, any intere~~ ?herein o~ part thereof, in tM a~gregat~ sum a(a~said w In ~xc~ss thc~wf, sMll conuin tF,e usual sta~+dard mor~gsgee clause or such otF~ clauu af th~ Mortgagce may require, makirg ~he tou under sa~d polb cies, e+ch ~nd ~very, payabte to said MORTGAGFE as i~s in?c~es? may appQa~, snd e~ch and eve~y such poticy shall be promptly ~s~:gned ~nd detivcred ~o ~ny held by said MORTGAGEE as tur~ha sccu~ity to iaid matpage debt, and, not leu tMn ten (10) days in advance of the expiration of each pol~cy, to dr I~ver to ~aid MORiGAGEE ~ renewal thercof, toyether with a receipt ior the prem~~m oi tvch renewal; and the~e shall be no fire or windstorm insuranc~ plac~d on ~ny of said buildin~s, any imeresl therei~ or p~rt thereof, unleu in the form'and wi~h tM loss payable as a(o.esaid; ~nd in tM evsnt any sum of mon~y becomes payable under tuch poliq w policies said MORTGAGEE shall havs rhs opt~on ro receive and appty Ihs tame on accounl o~ the indebted- ~eu ~ecvrtd FNreby w ro permit said MORIGAGOAS fo reteive and uss it q any parl thereof for othcr purposes, w~thout thr~eb~ waiving a ~mpair- iny any p~iry, lit~ or ri9ht uhder or by virtue of this mor.9sge; ~nd in Ihe event sa~d lNORTGAGORS shall for any reason fail to kcep the s~id pr~mis~s so insu~ed, a fail to deliver promptly ~ny of said polKies of insunnte to said MORTGAGEE, or fa;l piomptly to pay fully sny premivm tlxrefor w in ~~y respect fsil ro pe~faren, dixM~ga, execute, e(fect, comptete, comply with ~nd +bide by thii cove~ant, p any parl hereoi, said MORTGAGEE may pl~ce and paY fw ~uch in~urane~ w ~ny part the.eof wi~hout w+hin~ or affectirg ~~y optiay Iien. puity. w ~~ght u~der w by virru~ of thi: Mat9aQ~, ~nd the fuN amovnt of e~ach and every such payment shall be immcdiately dw and paysbls ~nd shall bear inttre~t from tF?a dal~ thcreof uNil paid N the rat~ ol nine pn centum per ~nnum and togethe~ with sucA interes~ shall be secured by ~he lien of tAis mortgsge. 1. To permit, commit w suffcr no was~e, impairrrkot a deteriwation of said property or any put thereof. 5. To pay ~II a~d anpulu tF?e <os1s, charges and expe~ses, inctudin~ a rcasonable attwney's fee snd costs of abstracn of title, incurred w paid af any time by said MORTGAGEE, becavss a in the event of the failure on fhe part of the i+id MORTGAGOR to duly, promptly and fvlly perfpm, d~scharge. execut~, effect, complete, comply w~th and ab~de by each ~nd every the itipulations, agreements, conditiont, and covenantt of aaid promissory note and ~hi• morfpape ~ny or r~~he+, and sa~d cos~s, charges and e~pcnses, each and eve.y, sMll bs immed~aroly due and psyable; whether a not there be notKe de mand, ~tt~mpt ro co11M pr iuit pending; and the full unounl of each and e~e~y svch payment ~hs11 bear interest from the date thereof un1i1 paid at the rate of nine per tentum per annum; and all said tosts, thargp and expenses i~tuned o~ paid, together with such 'entaresf, ahall be secured by tM lisn of thi~ morfp~pe. e. Th~t (a) Gn tl~e event of any breach of th~s Mortgage a defauh on the part of tF~e MORTGAGOR, w(b) in the event ~ny of sa~d svms of moe+ey herein referred ~o be not promptly and fvlly paid within th~~ry (30) daya next after the same seve+a!ly become due and payable, without demand a notice, o~ in the everp exh snd every the stipulations, sgreements. conditions and covcnants of sa~d promiuory ~ote and th~s mortgage any a eithe+ ars ~wl iu1y, promptly and fully perfrxmed, d~scharged, executed, eifected, completed, complrcd with and abided by, then in either w ~ny such eveM the taid a¢ preg~h wm mMtioned in said promissory note then remaining unpaid, wifh inferest xuued, and all moneys xtured hereby, sMll become dw and pay- a61e fwthwirh, w thcreafter, at the option of said MORTGAGEE, as fuily ard completely as it all of tl~e said sums of money were wpinally ttipvlaled to be paid on such diy, ~nything in saEd promissory note a in this Nlwtgage to the contrary notwithsrandir.g; dnd fF~!!luA0I1 p lFlttli~fH !1 fM OPtiOfl Of said MORTGAGEE, without rqtice w demand, suit et law o? in equity, therefore w thereafter begun, may be prosecuted u if all mor?eys secvred hs~eby nad mawred pno~ lo its institution. 7. That in the eva+t that at the beginning of w at ~ny time pend;ng soy suit upon this Matgsge, or to fwectose it, or fo reform i?, or to enfo~ce peymenl of sey tlaims h~reunder, said MpRTGAGEE shall spply to the Court having jurisd~ction thereof fa? the appom~r.iero of a Receiver, iuch Coun sh~ll fortFiwlth ~ppoint a rcceiver of said mortgaged property all and singular, i~tlud~ng all and singular the income, profits, issves and revenues irom whatever f wurce derived, each ~~d every of wh~ch, y ba;rg expretsly understood, is i:~yeby mongaged u if spec~fically set fath and dewibed in the g~anting and habendvm clavses hereof, and suth Receiver shall have all the boad and effective funct.ons and powers in anywise enlrusled by a Court to a Receiver, •nd ~uch appointment shall be made by auch Court as an admitted equity and a m~ner of absolute right to said MORTGAGEf, without reference to ths edequacy w wudequacy of the value of ~he property mortgagcd or to the soivency or ~nsolvency of said MORTGAGOR w the defenda~n, and that such rents, profiri, income, iuues and revenues shaU be applied by such Receive? accordiny to the lien or equiry of said MORTGAGEE and the prutiu of such CouA. 8. To duly, promptly and fully perfwm, d7scha~ge, execute, effect, complete, comply wirh and abide by esch and every the stipulations, sgreements, cond~tiorn and covenams ~n sa~d promissay note and this mwtgage set fath. 9. Thst in the event the ownership of the mortgaged premiscs, or any part thereof, becomes vesfed in a person other Ihsn the MOQTGAGOR, the MORTGAGEE, iti succcssors and ass~gns, may, w;thout noGce to the MORTGAOR, deal w~tF~ svch succcssw w successor in inferest with re(crence to this rnortgage ~nd the debt hereby secured in ihe same manner as with Mortgagw w;thout in any way vit~ating or d~uhargi~g the Mwtgagori liability here- under or ~pon tt?~ debt hereby secured. No sste oi the premius hereby morfgaged arw no fwbearante on the pail of Ihe MORTGAGEE or its successors or auigns and no extension of fhe time iw the payment of the debt he~eby secured given by the AWRTGAGEE or iti tuccesswa or auigns, shall operate ro rekase, dischar9e, modify ch~nge o~ affect the origina{ liab~l~ty of Ihe MORTGAGOR he+ein, either in whole w in part. 10. It is specifically agreed that time is of the esscnce of this contract and that no waiver of any obpgarion hereunckr or of the obliyatiore ae- a.red h~reby shall ~t any time tl~ereafter be held to be a waiver of the terms hereof a of the instrumenl secured herby. I1. In addition to the iwego:ng monthly payments of princ'p,pl and interest required by the promissory note secured hereby, mortgagor covenants and ~grees to pay to mortgagee with each monthly payrnent an addirional sum est~mated by monyagee to be eq~at to i~12 of the annuat cost of the foHow- ing: A-All real property taxes leiied or assessed against the above described real estate. B-Premiums on fire and windstorm insurance as herein requ~red to be carricd on the improvements situate on the above described premises. C-Premiums on such mortgage guaranty insura..ce as mortgagee shatl from t:me to time d~em ii' to csrry on the loan secured hereby. Mortgagee shall from time to time notify mortgagor w~iting of the amount due and psyaWe hereunder and such sum shall thereupon be due and payable on the due date of the next monthly payment and each successive month ihereafter ur,til mortgagee shall not~fy mortgagw of a cFwnge in such amoun?_ $uch sums shall be app:ied by mwtgagee toward the payment of real property taxes, insurance prem:ums, and mertgage gva~anty insurance p~emiums. IN WITNE95 WHEREOF, the said MORTGAGOR has hereunto xt his hand and seal the day ~nd year iirst aforesaid. ed and rvered i e p~ei ce of: ~ i Q --,-t~'t~ c~ r~~q n-s0 srate oF FtoaioA ~ St. r.u^~ P ss. couwnr oF 9efore me perwn~lly appeared ~~n 4 P^ h ni ~'r t~n ~ P Q e o .~a May Di~ran ~o his wife, to me weil krrown and known ro me ro be the indn~dwls destribed in and who executed the foregang instrument, and acknowledged befwe me that they executed the same for tF?e purposei therein e:prested. Ard the ssid__ MA y n~ Franc R s c o wife ot tM ~aid J o s erh nf F~T' ~lri C P. 3 C O ~pq~ ~~rate and priv~t~ examinatwn by me uken separate and apan from her sa;d hus nd, atkrawtedged to and before me that she execvted said instrument freely and wolvo- rorily and withovt sny computsion, const?aint, apprehens~9n~ear of or from her said Fwsbsrid. WITNESS my hand snd officid seal thi~ ~1~ dsy of A p. 19SL~ CT . Notary Public in and for the State of Fbrida at L~rps My Commisaion expires: Retvrn'To: Fint Federa) Savings a ~o,~ n,~«;a~;o~ P E.C ~ ~ E ~ ttobry Pu~.t;c, S:ate af Ftorida at targe Of fort P:~.«. F IlE [`10 i~~~('~~~a 0 0 K i41y Wmmissian Expires Nc~. 3, 1469 1~^r Fort Pierce. Florida 1,t I~- ioa2~d 6Y Ar.~r.c~a Fu~ 8 Gsrairy ~p~ ~'r`.,, ~%'ti''~~W' 'C * t V ~ ~ . ~ ~.~~~~~~y~~. ~ • . I:. . • ~ '.v !i/ ~ ~ : ' AP~ 5 PM ^ ' . ~j t f. i i I: a' _ V 4;~~ i ~ ~ ~ ...~~~a~• ~y . _ ~ ~ 'r' > - 1'~' ~`ERK _ _ 'J~qaE , : T.:.t ~~G~ _~`C~uN,Y. c~;'-°- _ ; - S-~. LuCt~ - : ~ i ~ -'~rr. . . : FL~RtDA = ~ ~ ~ ' ~ _ ~ ' ~ _ ~ _ . ~ v - . ~ : ~ - . . . J . . J , ; i: } . , BOOK J~'.~ ~ ~ S ` . r t• ~ ~~y4 ~ _..f :.F} ' ~ s ~~':~'~a "l~ ~.~.w~~ ~.;ra~~ - _ _ , . F .,r .~w.~E . .