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HomeMy WebLinkAbout0060 ~ 3. To plac~ u+d contin~ouily kkp on tM buiid7~gs now u here~ft~? sitwt~ on said land ~nd a? ~11 equipm~nt ~~d pawn~tly covtnd by thit mort~ p~, with ~II pr~miurrb lhtreon p~id in full, fire insu~+nc~ in ths uiwl standard policy form. ~n + tum ~pprovtd by tM MORTGAGEE. ~nd wie?d~twm t~wruu~ In tM uswl sundard potlc~r fam, i~ • wm approved by the MORTGAGEf, in s~ch company a compantes ~s tM MORTGAGEE may dinctt ~nd ~II iw~ a~d wir.dstorm ir?iuranc~ policiet on any of sa~d kw~~d~~s, anr iro.r.~t ~h..sin w pan ~l+Kwf, in fM apprey~~~ tum ~fortt+W o~ in ~xass ther~of, ~hall contain tA~ uswl itandard morrypet cla~s~ w iud~ oti?N claus~ ~s tM Matp~ge~ may rp~~r~. m~Minp th~ loss unda s+id po1F ciM, ~ach ~nd every. paYabN ro t+~d MORTGAGEE ~s in intere~t m~y ~ppN?. u+d e+d~ +~d ~very such Pcl;cy aMll b~ promptly ~s~:9n~d ~nd deliveied to ~ny Iwld by said MORTGAGEE ~s fwtha security to said mortp+y~ d~bb and. not lea tMn Mn (10) d+ri te ~dva~c~ of th~ ~xpkatwn of sach policy, to dr IivN to aid MORiGAGEE ~ ree~ewal therwf, toqe~her with a receipt fw tF~ pr~miwn ot wch ~en~w+ls and ther~ sh+ll b~ ~o fu~ a windstam i~uu~ae~c~ plapd on any of aid bviWinys. any inte.est thersin or put th~?wf, ~nl~ss 1n ~M fwm and wi~h tM bu payabl~ u ~fons•kij u+d tn ~M ~v~nt any sum of monty becanei pay+b~e vnder such polky w pol~ciK said MORTGAGEE shall Mw ~M option ro ~eceiw ~nd spply tM ~ on accow+t ol tAe indebtad Mss s~cy~~d htreby q to peimit uid MORTGAGORS to tece~v~ ~nd ~ if p any ~~r1 thereof for othc~ pu~poses, without thxeb~ waiving a impair- Irp ~ny pvity, lien ot ripht w~dar or by virtw of this morlpsy~i ~nd in tM ~vent said AhORTGAGORS shall to~ any r~asoe~ iail to keep tM iaid pr~miaes so Fnaured, or f~il to deliva promptty ~ny oi ssid policies of insursncs to a~id MORTGAGEE, a fail promptly to psy fully any premium the~efa a in ~ny r~sped f~il b ptr(ocm, d'ncMrg~, execute, ~ffect, compNt~, comply with ~nd ~bid~ by this covensnt, w any psrt hsrwf, isid MORTGAGEE m+y plu~ +nd paY fw such irauranc~ or ~ny put thaeof without waNinp a ~ff~ctirg any optioc~. IiM, puity. w ripht unde? w by virtw of thit Matyap~. snd tM fvll ~mount of sach and ~very such payment shall b~ imrnediately dw ud payabN and sh+ll be+r i~ttrest from tM dat~ thereof until paid a~ th~ rat~ 01 nin~ per centum per +nnum and together wNh such interest shall be secured by tF+~ liee~of this mort~ayt. 1. To psrmit, commit or iuffer ne wast~, :•.~pairnxnt w detcrior~tion of said proptrry or u~y pu1 thereof. 5. To p~y all u?d unputx the.cosn, charyes ~nd expe~?ses, i~cludinp a reasonabk attwney's fe~ and costs of abitr~cts of titl~, inc~rred or paid ~t any tims by said MORTGAGEE, bacaus~ or io the twnt of the failure on the part of tM said MORTGAGOR to duly, promptly and fully paform, diuMrgR axecuts, effect, complet~, comply w~th and ab~de by each and every the sY~p~rlatio~s, agreements, conditions, +nd wvtn+nts of said promiuory note +nd thi~ morty~y~ any a eitha. snd said cosn, charges and expen~es, esch u?d every, shall b~ immedialely due and payable: whe~her w not there bs notice da m~nd, ~tMmpt to tolkd w wit pend~ng; and th~ full smo~nt of each ~nd eve?Y such p~ymem shall bear interoit from tM dats tF+ereof until p~id at the rate of nine p..~ centum per arhwm; and all said cbsts, cMrges and expenses intvrred o~ pa~d, ~opether with such interest, ~h~ll b~ sscured by tM lisn of thw maty+C~• 0, Tha1 js) in the event of any bresch of this Matgsy~ w def~ult on tha part of the MORTGAGOR, a(b) in the event ~ny of said sums of rraney Mrein roferred to be nof promptly and fully psid within thirfy (30) days next after the same severalty become due ~nd payable, withovl dsm+nd w notice. w(c) in ths ewM each snd ewry the stipulations, agrea+nents. conditions and coven~nn of said promiuory ~ott ~nd this mortpa9e any a either sr~ no1 *?ly, promptly and fully pe~formed, discF~srg~d, executed, effected, comptcted, complied with and abided by, thsn in eithe* w any such evtnt ihe said s~ pro~h wm m~ntiona! in asid prcmiswry note then ~em~inirg unpaid, with ~ntersst acuved, u~d all moneys secured hereby, sMll becemt dw and p~y~ •bl~ forthwith, o~ theresiter, at the option of said MORTGAGEE, as fully and compktely as if atl of the said sums of nwney wero aiqinally ~tipulated ro be paid on such day, anythinp in ssid promiuory note w In this Mortg~ge to the contr~ry notwithstanding; and 1h~reupon w thereafter al the op~ion of s~id MORTGAGEE, wi+hout notice or demu~d, tuit at ta~r w in equiry, therefwe o~ thcre~frer begun, may be prosecuted as if sll moneys setured hc+eby had mahired priOr to its ir?ftitution. 7. TMt in the event that ~t the beginrieg of or at sny time pending ~oy wit upw~ this Mortg+ge, w to faeclos~ it, w to refo~m it, w to enforu payment of any daims hereunder, said MORTGAGEE sMII apply to the Court having jurisd~ction thereof for the appo~Mment of a Receiver, tuch Cou?t shsll Fortliwith sppoiM s receiver of said mortgaged properfy al) and ainpvla~, includ~ng all and singulsr 1he income, p~ofits, iuues and revenves from whatever sowce detived, eath and every of which, it beirg exprcssly underslood, is hereby mortgaged as if specifically set forth ~nd deacribed in the ~rantin9 ~nd habendum clauses hereof, and s~ch Receiver shall hsve ~II the broad and ef(ective funcnons and powers in anywi~e entrus~ed by a Gourt to • Receive*, and such appoimmem shall be made by wch Court as ~n admitted equity and a ma~rer of absolute right to said MORTGAGEE, and withouf reference to ths •dequacy w in+deqwcy of the vstve of tl+e pioperry mo~tgaged or to she ao+vency w i~so~vency of said MORTGAGOR or the. defendann, ~nd that such ~ rents, profiri, incane, iuues and revenues thsll be applied by such Receirer accordiny to the lien o? eQuity of said MORTGAGEE and the pradiu of such CouA. • 8. To d~rly, promptly and fully p~rfwm, disci~arge, execute, effect, complete, comply with snd abide by each ~nd every the stipulations, agreement~, condiYqro arxl covenants in sa~d promissory rwte and this mortgage set fath. 9. That in tM evem the ownership of the mortgaged premises, a any parf thcreof, becomes vested in a person other than fhe MORTGAGOR. ihe MORTGAGEE, its successon and auigns, may, without notite to the MORTGAOR, deal with such successor or sutceesor in interest with referente to thi~ mortg~ge and the debt hereby secured in the same manne? as with Mortgagw without in any way vituting w discharging the Mortgagors' liability here- under or upon the debt hereby secvred. No sste of tF+e p~emises hereby mortg~ged and eo fwbearance on 1he pan of the MORTGAGEE a its svcceuors p assigm and no extensan of the time fw the paymcnt of the aebt hereby secu~ed given hy the MORTGAGEE or its svccessors or auiyns, siull operate ro rolease, discharye, modify cMnge a affect the original Iiab~Gty of the MORTGAGOR herei~y eilher in whole a in psrt. 10. It is specifically agreed that time is of the cssence of this contract and that no weiver of any obligation hereunder or of the obliyatan se- ~ cLred hertby shall at ~ny time thereafier be held to be ~ waiver of the tcrms hereof a of the instrument secured herby. ' 11. In addition to tFx faego:ng monthly payments of princ:pDl and interest required by the p?omissory ~ote secured fxreby, mortgagor covenants and agrees to pay to mortgsges with each monthly payment an add~rional sum estemated by mortgagee to be equal to 1/12 of the annual cost of the follow- ing: _ A-AO real propeny taxes levied or assessed against the above described real estate. 8-Premiums on fire and windstorm insurance as herein requ~red to be carried on the improvements situate on the above desvibed premises. C-Premiums on suth rtwrtgsge guaraoty insurance as mortgagee shall from time to time deem fit to carry on the ban setured hereby. ~ Mwtgagee shall from time to time notify mortgagor in writing of the amount due and payable hereunder and s~ch sum shall thereupon be due and I pay~Ue on the due date of the ~eat monthly paymeM and each successive month thereafter until mortgagee shall notify mortgagw of ~ cF?ange in such amount. Such sums shall be applied by mortgagee toward the payment of real property taxes, insursnce prem:ums, and mortgage gvaranfy insurance premiums. IN WITNE55 WHEREOF, the sai MORTGAGOR has hereunto set his hand and sesl the day snd year first afwesaid. i nsd, ~led and e ivK th ence of: ' n ~ .n ' ~n ~ . , STATE OF FIORIDA ~ ^ ~an f Cp~My pF 4 t_ t.u r_ i A ~ . defwe ms penor?~Ily appeared HB2'D78ri H Bl,l@~ j and S.B 1 g Cr B11A~11 his wife, to me welt known and known to me to be the i~vidwls dewibed in and who exec~ted the fwepang instrument, and atknowledged before me that they e:ecuted the same for ihe purposes f tF~erein eapressed. And the ~sid $t611a G. BLi@~ " ~ wil~ ot the s~id ~P.T'711Ari H~ Bllel'll upon s sep~rate and priv~t~ ex~min~twn by me tsken sep+rate ~nd apart from her said hus +cknowledged to and before me that she executed said instrument freely and volurr tuily u~d without ar~y compulsion, constraint, apprehension, ar~of or frc.~ he? ~sid husband. • WITNE55 my hsnd ~nd official seal ~hi: day of a o. i968 _ Notary Public in end for the State of Floride et lar~e 3 A My Commiuion expires: ~ ~ ~p 7 Reru.n fo: Notary Pcd,I~c. $ia?c Fla:~er at :ge fint Feder~l S+~ing~ a loan Assoc7at~on ~ • My Comnission Ex¢:res ~:,r. ;~~9 Of fort Pierce. bondw y Ac~ncaa•Fir d ~~;y.,~ Cv~ Fort Pierte, Fforids FILEO A~~D RECORDED ~,.~bu, ST. LUCIE COU'JTY. FLA. - ~ : _ • f:F.C~:i ^ VERlF~FD ~ . 51'7 ' = This instrument ~re~2~ed 163 ~17 ~1 F~ t F eral Sav. & can A;;n. , -_.-Y- v: ot Fort P~ r e • '68 JA~~ I 6 AM 10 : I 4 ~ J1~1' By ~..~1 • D~' " ' ~~~~J . ~ T : C \~~7 ~ I~ . :i1'.. _ - J, ~ ~ - 'l CLERK CIRCUIT COURT - - ' ~ 600K 1~0 PACE IJIJ ~ ~ _ x , ~ ~ w _ =J -~'~dv v~