HomeMy WebLinkAbout0358 3. To plau ~nd continuo~sly ke~p a+ tM buildings now w Mroa(~a s~tuate on i~id land u~d on all eQu'~pm~nt ~nd pKwn~lly cowr~d by thi~ enon~
ags, with ~I) premiums Ihtrwt~ p~id in full, fir~ insurance in ~M uswl standard poticy form, in a~vm +~pprovd by tM 1MORiGAGEE, u~d windttorm
in:ur~np in tht te~wl stuidard poliry fam~, in a tum approved by tM MORTGAGEE, in tvch company or tanpanie~ q 1M AAORTGAC~EE n?~y
d~r«r, and all i'u~ and windstam inwranc~ polKCes on any of said buildinpa. any infere+~ tFwe~ein w part tiw~ot, in 1M apyre9at~ wm ~ia~s+kl o~
in exceu thenof, shad ca+tain tM vsual starxlud margagee clws~ a sv~h other clavs~ as tM Matpa9e~ may rpuir~. maku+q ~M Ioss undK said poli~
c~as, ~ach ~nd ~vNy. p~Yabl~ b s~id MORTGAGEE ~s in ineere~t may ~ppea~. and each ~nd every ~uch policy ?MII b~ promptly ~u:9ned +nd dslivered to
+ny h~ld by ~a;d MpRTGAGEE a fu~the~ secv~lry to ssid ma~gsg~ debt, and, not leu than tse~ (10) d~ys in advanc~ of tM ~xpiration of ~ath polity, to d?
I;ver ?o aaW MpRTGAGEE i ~lMWi{ Nfffpl, to~e~Mr with ~ ~eteipt fw the p~smium of tvch renew~l; aa! thsr~ sh~ll b~ no fin w winditorm insuranc~
pleced on any of said buitdirgs. ~ny iNCr~st thaei~ or p~rt thereof, untess ie ~he fo.m ~nd wi~h ti~ tou pay~bl~ u afonsaid: a+d in rhe ewnt any swn
of mon~y bKaery~ p~y~p~t unde~ wch polity p policiss said MORTGAGEE shall havo ~hs option lo retaiw and apply tM s+me on accow~~ oE tM ind~bred-
neit s~cw~d htr~by or b pKmit said MORTGAGORS to receivs ~nd us~ it or ~~y pa?t Ihereof fa other purposes, witlwut thrreb/ waivi~y u ~~npair- !
~ng anY puity. (ien or rght unde~ w by vi?tw of this mo:tgspe: and in fhe event a~d MORTGAGORS shsU tw ~ny reason fail to keep the i~id premises so ~
insured, w fail ro d~livtt promptly any of said polities of i~surance to said MORTGAGEE, or fail promptly to p~y fvlly any pemium therrlar or in ~ny
reipect f~il to pNform, diuh~r~. ~x~cut~, ~ffed, comptete, comply with and sbids by tF~is covenant, a any pan hereof, said MORTGAGEE m+y pl~c~ a~~d
pey fw such irourant~ a any pa?t tl~eof wifhovt waivinp q affectinp any optiay lieo, eqvity. w ripht under a by viNw of this Matpspt. and the
full smovnt of t~th and ~wry tuch p~yment shall be immedi+tely dw and payabk and s1u11 be~r intereit fran tM dat~ thereof until paid ~t tM wt~ of
n~ne p~r qntum p~r annum ~nd together with tuch interest shall be secured by the lie~ of this mortpige.
To pKmit, oonvrdt or suffer no wait~ impairment a deteriontion of s~id property or any part thereof. !
S. Ta nay a)! and sinpu~~r tl~ cosy, chuges and expenses, inclvd~r+p a reasonable ananey i fes and coits of absn+cts of title, incurred or p+id at !
eny time by uid MORTGAGEE, bauuse or in the ~rer?t of the failure on the part of the said MORTGAGOR to duly, {uomptly ~nd f~Uy pertorm, d~uharq~ !
execut~, ~ffccL comptet~, tompty with ~nd ~b~da by eath and every the stlpulit~ons, agreements, cond~tions, and eowKUnn of ssid promiisory note ~nd ~hi~ ;
morrg~~e any or eilher, a:.: said costs, dyrges and expenses, esch and every, sMll be immediately due and p~yabk: whetAe~ a not thers bs r.otic~ d~ `
mend, an~rnp! ro co1Ne1 w wH p~ed7egj and th~ ful) aaaunt of esch and e,rery svch payment :hall bea~ inte~~st fran th~ date tl+e~eof uetil paid at th~ '
,ate of nin~ pe~ centum per ~nnum; and all iaid cosrs, charges ~nd expenses incvrred or pid, together w~th such int~r„~, shall b~ s~cvrtd by th~ li~n of thu
mortpay~.
6. Th~t in tM ~vent of ~ny bre+ch of this Mortgage or default on ~he part of the MORTGAGOR, or (b) t~ the ~vent any of ~a~d swru of mon~y
herein ref~n~d to bs not promptly ~nd fully paid within thirty (30) diys ~ext after the same teveralty betome due ~nd p~yable, without dtmand w notit~,
or (c) in tM twnt ~ach and swry the :tipulatio~s, agreements, conditions snd covensnts of s~1d promiuory note snd ~h~s mort9a~e ~ny w aither ar~ nof
~ulr, Promptiy ~nd futly p~rfo~med. d~scharged, e,cecured. eftecred. canpleted. compl;ed wi~h ~nd ~bided by. ~Mn in ~~ths? a any ~uch ~wm tM said p~
pregats wm m~ntarnd in s~id promissory not~ then rcmaining u~paid, with inte~esf acuued, and all moneys secured. hereby, aMll becwne dw and p~y~
abla forlhwitFy Of iMfNRM, at the opYan of sairi MpRTGAGEE, ~s tulty and comple~ety ai i( all of the said avnr oi money wer~ oripinally stip~rlated
to be pald on such dsy, ~nythin~ in s~7d prom~uory note or in th~s Mwtgage to the contrary notwitAst~ndiny; ~~d thaeupon w thcreaftar ~t tht option of
s~id MORTGAGEE, without notics or demand. suit ~t I~w or in equity, therefore or thereaiter begur~, msr bt prwecvt~d as if dl monsys sKUr~d hKtby
hed matw~d prior to iq institution.
That in tM svent thaf +t the beginnin~ of or ~1 sny time pendi~g sny suit upon this Matg~ge, or ro for~clos~ it, w to nfam lt, q fo enfwu ~
payment of any daims hae~nder, s~id MORTGAGEE shafl apply to ~he Court havi~g jurisdrcian thereof for tM appointment of ~ Reteivet, such Gourt sh~ll
forihwirh appoiet + receivK of aa~ mort9ayed proper~Y all ~nd singvlar, includ~ng atl and s;ngula. iM income, p~ofits, iuws and revenues from what~v~~
souru deriwd, esth ~nd ewry o which, it being expreuly understood, is hereby mwtgageJ ~t if tpecitically ut fwth and dewibed in tlr prantirq and
hnbendum Nauses I+~r~of, ~nd such Recawr shall h~ve all the brosd and effeceive funct~ons and pswers in anywise entrusted by a Courf tp a Reuivtr, ~~d
ss;ch appointment sMll b~ made by suth Court u an admitted equity and a matter of absoluro rigM to ssid MORTCsAGEE. ~nd without rtferentt ro ti+~
edequaq o~ in~dpwey of the vstw of the prope~ry mo.tgaged or to the soivency a insolvency of iaid MORTGAGOR p tM defsndants, and rhat tuch 3
re~rs, profits, tncwn~, iuues ~nd ~evenue~ ahaN be appl~ed by wch Receiver xcord;nQ ro the lien or equity of said MpRTGAGEE and the practiu of wch
Court.
8. To duly, PwmPrh .nd ruih P..fo.~+a dwc~r9e, execute, efiect, complete, comply with aod sbide by asch ~nd every th~ stipulaY~an, ayr~nri,
conditions and toven~att in s~id prombswy oote and this mortgage ser forrh. '
9. Th~t in ths tvent the ownenhip of the mortgsged prem;xs, w any part thereof, becomes vest~d in ~ penon other tMn the MORTGAGOR, th~
MORTGAGEE, tri ~uttestors snd ~ui~ns, may, without notice to the MORTGAOR, deal with such wccsswr o~ wcc~ssw io interest with refer~nt! ro th4
morrg~ge and ths debt hereby secured in the same manner ~s with Nb?tgsgor witho~t in any way vitiatinp or d~atAaryinQ the Mortpiyors' li~bility Mrt
under or upon the debt h~reby secured. No sale of the premises htreby mortgsged and no iorbtsr~nce on the put of tM MORTGAGEE w iti sva~sson
or easigns and no exta+sion of the time fw the paymem of the debt hereby secured given by the MORTGACaEE a iti succes~ws or auign~, ~hall opsrat~
ro reieass, diuhatpe, rnp~ify tl?~ng~ w effect tF~e wiginat liability of iF?e MORiGAGOR herein, ei~her in whole w io put.
l0. It ia specificslly ~greed tMt time is of the essence of this contntl and thst ~o w~iver of any obl'~gatan hereunder or of tM oblipaYwn s~ ;
cured hereby shall at ~ny Y~me ths?eafier be held to be a waiver of the te~ms hereof a of the instrumem secured htrby.
11. In addition fo the forego:ng monthly payments of princ'pa( and i~terest required by the p~omissory nore secu~ed hereby, mwlQagor townsnb
and agrees to pay to mongegre with each monthly payment an add~rional sum es~~mated by mortgagee to be equal to 1/12 of the anrwa) cost of the follow-
in~:
A-All re+l property taxes levied or assessed against the above described reat estate.
B-Premiums on fire and windsrorm insurance as herein requ~red ro be carried on the improvemenri s;fvats or~ the above desuibed pr~mises.
C-Piemiums on suth mortgngs guarsnty insuru~ce as morfgagee shall from t:me to time deem fit to carry on the loan setvred heteby.
Mortyagee shall from time to timt notify mortgagor in writ~ng of the amou~t due and paysbk he?eunder snd such sum shalt thcrevpon be due ~nd
Fayabte on the due date of ~he next mw~thly payme~t and each successive month the?eafter ur.til mortgagee shall notify mortgagor of a ch~np~ in such
a~aunt_ Such sums shall be applied by mwtqagee toward the payment of real property taxes, insura~ce prem:ums, and mortgsye yuuanfy iosurance
premiums. . ~
IN WITNESS VYHEREOf, the ssid MORTGAGOR has hereunto set his hand and seal the day and ytar finf aforesaid.
and dsli etl in of:
/ - A ~ ,~a-~~ .n
~ .
I . ~ ~n
, , ~--n
i STATE OF fLORIDA ~ '
` COi1NTY OF St. L11C~8 ~
~
j Befors me psr~onsUy appeared Gl a d y s L P e~ s e, e w i d~w ~
i
B~i7SJffe, to me well known snd known to me to be
€ the individwl, described in and who executed the foregoing instrumem, and acknowledged befwe me that tl~eexecvted the same iw the purposes
I therein exp?essed. A1~dCg~~~ ~il
~~K 7F~7C~~lf
' ~r JK'!4]~4R'?l9~9R~C9C~J4![~1C.~[4MCbQpCf[J[~!9!4$DRDC]R~~7[~i[dd~]G)WidCOF]67fJboY 7E~C~aIEJfo1GolC~Ir~tX~
d~~r~C~ .
~ x~~lc~~kx~~l~c~~4x~+xocd4ec?~txa]exr~ft~s~~a~~~c~
~ WITNESS my h+~d ~nd offitial seal thii 2~~}.h d+Y ~ n A. D. 19_S2SL_
`~~~~/Y/ • ..G` v _ .
~ Notary oubtic in and iw ihe St~fe of Fiwida af L~rpe
~ • My Commiu'an e:pires:
~ Retum To: ' •
F~~sT Federa) Savinps t~ ~wn ni~oc„t~«+ FILEO AND RECOROBD
` Notary Publu. State al ftorida ~t Larsc
s ot Fo.r P;~.«. g-r, L.UC1E COUNTY. ~LA• Mr Nor. 3,1969
€ ~~~R4FIED (otanussion PW
Fort Pierce. Florids t. G `O1~ 6~ tp~ ~ G~w+~ ia
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£ ~
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g 14`7~56 -
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~ CLEnr CIRCUtT COU~T : -r~,``- :
~ ~ O L~
~ ~ooK ~.53 358 . f~ ~ ~ ' .
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