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HomeMy WebLinkAbout1752 ' i 9. To plac~ ~nd continuoutly keep on ~M buitdings now w hereafter ~7tuate on said lsnd and on all equipment and ptnonally tovtred by thi~ mat9- ~ p~, with all premiure~ thereon paid in f~ll, fire insurance in the ~sual sTandard poticy form, ~n ~ sum approved by ~he MORTGAGEE, and windstorm insura~c~ in the vsual s~anda.d pol;cy farm, in a sum approved by the MORTGAGEE, in s~ch company or compan;es ss tM MORTGAGEE may d'uectj and ~11 Fire and w~ndstorm insu~arxs polic~es o~ any of said build~n9s, ~ny interest therein or part the~eof, in tM aggreyate sum afaesaid or In ~xcesf Ihereof, thall contain the usual standard ma~gagee clause or such othe~ tlause aa IM Maty~gee may require, makinp tM losa unde~ seid poli~ cia, esch and every, payab(s 1o said MORTGAGEE as its inrerest may appear, and esch and every such potity shall be p~omptly ass:yned and delivered ~o ~ny held by s~id MORTGAGEE ~s fur~he~ seturity to said mort9age debt, and, not leu than ~en (10) dayt in advance of ~he expir~tion of e~ch policy, to da liva Io said MORTGAGEE s renewal Ihereof, toqeth~? with ~ rete~pt fo? the p~emium of svch renewal; artd ~here shall bs no f~re o~ windstorm iniura~ce placed on any of taid buildirgs, any i~tereil therein w parl thercof, unles~ in the form' ~nd with the loss psyable +s afaesaid; and i~ the evenl any wm ! of mon~y becomes payable u~ such poliq a polKies said MORiGAGEE shall Mve the opt~a? to receive and apply the iam~ oe~ ~ccount ol` the indebted- ~eu tecvred hereby o~ to permit said MOitTGAGORS to ~eceive and uss it p any pa.t thereof for oiher purposes, wi~hout ~h~reb~ waiving or ~mpair- inp sny equ~ty, lian a right under or by virtw of this matyage; and in ths svent sa~d MORTGAGORS shalt fw any reason fail to keep Ihe said premisr~ so insured, or fsil to deliver promptly ~ny oF ssid polities of insu~s~ts to ssid MORIGAGEE, or fail p~omptly to pay fu11y iny prEmium therefp w in any nipect (ai! to pe?fum, dixhuge, execute, e(fecf, comptete, comply wirh and abide by thii covenant, or any psrt hereof, said MORTGAGEE may place ~nd pay for tuth insu~ance w ~ny part thereof without walvirg w ~ffectinp any optiay lien, equity, a right unde+ w by virtw of this Mortgape, ar~d the full amount oi each and every such payme~t shall bs immediately due and pay~ble u+d shall bear inte~est from the dat~ thereoi until paid•s1 th~ rate ol nins per tentum per annum and to~ether with tucA interes~ shaii be secu~ed by the lien of thii mortgage. 4. To permit, commit w suffe+ no wsste, impairnxnt or deter'wration of said property w any paM thereof. S. To pay all snd singvlar the.tasts, chargef ~nd expenses, including a reasonable attorney i fee snd costt of abstracts of title, incuned w paid at •ny time by iaid MORTGAGEE, because a irt Ihe event oi the failure on 11+e part of the said MORTGAGOR to duly, p?omptly s~d fully perform, d~uharge. execvte, effec~, complets, comply with and ~bide by each and evcry the stipulations, agreementa, condition~, and covenanri of said promiswry note and this mortgage sny or ei~F?e~, and sa~d costs, chargea rnd experxes, each and every, thall be immedlately due and payable; whether w r?ot there be no~ice d~ mu~d, attcmpt to co~lecf w svif ptnding; and the full amount of each and every svch payment shall bear interesl from the dale thereof until p~~d st the rate of nine pcr centum per annum; and alI said costs, charges and expenses incurred or paid, together with such interest, shall be aetured by fhs lisn of thi~ ~ mo~tpa9e ~ A That (s) in the event of any breich of this Mortgsge w default on the paN of the MORTGAGOR, w(b) i~ ~he event ~~y of ss~d sums of money ~ herein referred to be not promptly and fully paid within th~rty (30) days next after the same severally become due and payabte, without demand or rtotice, or (c) in the event each and every the stipvlations, agreements, cond;rions and tovensnti of sa~d promissory note and th~i mortgage sny w either are not ~ ~uly, promptly ~nd fully perfwmed, d~scharged, executed, effected, completed, compl~ed with and abided by, then in either w any such event ~he taid ag- ; pregate sum mentioned in said p?omissory note lhen temaining vnpaid, with interesf accrued, and all moneys sccured hereby, thall become due and pay- able fwehwith, or thereafter, at Ihe option o( said MORTGAGEE, as fully ard completely as if all of the said svms of money were or~ginally ttipulated to be pa~d on such day, anything in sa~d promissay ~ote or in this Matgage to the convary notwiths~snding; and tl+ereupon oa thereafter at the opt~on of said MORTGAGfE, without notKe ar demand, suit at !aw or in equity, the~efwe w thereafter begun, may be prosecuted as if all moneys secured hereby had marured pnw to its institution. 7. Tha1 in the event that at the beginning of w af a~y time pend~ng aoy sult upa? this Mortgage, or to fweclose it, w to reform it, a To enforce payment of s~y ciaims he~eunder, said MORlGAGEE shall apply to the Coun haviny jur~sd~ct~on ~hereof for the appo~ntment of a Receiver, such Coun shall fwtFiwith ~ppoint a receiver of said mwtgaged p?operty all and s~ng~lar, includmg atl and s~ngu~ar the income, prof~ts, issues and revenues from whatever source dHived, each ~nd every of wh~ch, it being expressly understood, is hereby mortgaged as ~f speuficaNy set fo~th and destribed in the gran.:.:3 and lwbendum tlauses hereof, and such Receiver shall have all the brosd and effective tunct~ons and powers in anyw~se entrusted by a Cou~t to a Receiver, and such appoiMment shall be made by such Court as an admitted equity and a matter of absotute r~ght to sa~d MORTGAGEE, and withou~ refere~ce to the adeq~acy a inadequaty of the value of the property mprtgaged w to the soivency or insolvency of said MORTGAGOR a the defenda~ts, and thaf such rents, profits, income, iuues and revenues shall be applied by such Receiver accordinq to tFx lien w equity oi said MORTGAGEE and the practite of such Court. B. To duf•:, promptty and fully perfwm, discharge, execute, effect, complete, comply with snd abide by each arx! every the stipulations, agreements, conditior?s and covenants in sa~d promissory note and this mortgage set fath. 9. Th~t in the event the owncnhip of the mortgaged premises, w any part thereof, becomct vested in a perwn other than the MORTGAGOR, the MORTGAGEE, its successors and ass~gns, may, without notice to the MOR7GAOR, deal wirh such successa a ~uccessa in inte~est with reference to this mortg~ge ~nd the debt hereby secured in the same manner as w~th Mortgagw without in any way vit~ating w d~uharging the Mortgagors' liability herr under o~ vpon the debt hereby secured. No sate of the Fremises hereby mortgaged and no forbearance o~ the pan o( the MORTGAGfE or its successors or essgns and no exfension o! the time fw Ihe payment of the debt hereby secured given by the MORTGAGEE or its svttessws or auigns, atiall operate to release, diacharge, rtadify change or affect the original liabil~ty of the MORTGAGOR herein, either in whole or in part. 10. It is spec~ficatly agreed thae time is of the essence of this co~tract and that no waiver of any obligat~on hereunder or of the obligation st a.red hereby shali at any time thereafter be hefd to be a waiver of the terms hereoi or of the instrument secured hrrby. I1. !n add;tion to the forego:ng monthly payments o r~nc'pD1 and interest required by the promissory note secured hereby, mortgagor covenants _ and agrees to pay to mortgagee vvith each monrhly payrnent~dd~rional sum cst~mated by mortgagee to be equal to 1 j 12 of the annua~ cost of the ioflow- "'9: ,1, A-All rtal property taxes levied or assessed aga;ost t}w above desc+ibed real estate. B-Premiums on fire and wi:~dsto~m insurarce as herein requ:red to be carried on the improvements situate on the above dascribed premises. C-Premiums on such morlgage guaranty insurar.~e as mortgagee shall from time to time deem fit to carry o~ the loan secured hereby. Mortgagee shail from time to time notify mortgagor in writing of tFe amounf due and payable hereunder and such sum sha11 thereupon be due and payaWe on the due date of the next monthly payment and each successive month thereafter until mortgagee shall notify mortgagor of a change in such amount. Such sums shall be applied by mortgagee toward the payment of real p~operty taxes, insurance prem;ums, and mortgage guaranty insurance premiums. IN WITNESS WHEREOF, the said M RTGAGOR has hereunto set his hand and seal the day and year first aiwesaid. Siyned, ~I d delivefed in f rese of: ~ ~H~(-'2,-t' _ . a4 ~ . (Sea4 ~ ~ (Sean - ~Seal) STATE OF FLORIDA ~ ' pF Saint Lucie s~twe ~ penonally appeared Williatn B. Harnden, a single adult, John R. Cimino ~ snd Anna i~~• C1IIIlIlO, t11S wife, f/!c/a Anna ~I• ROSS ~~,~(r, to me well known and known to me to be the individwb described in and who executed the foregoing instrument, and acknowledged befwe me that they executed the same for the purposes ' therein expressed. Md the sa~ Anna bl. C1IR1[l0~ f/k/a Anna b1. ROSS~ w;fe p+ John R. C imino vpon a separate and p~iwt~ eaaminstiw~ by me taken separate and apart from her said husband, +cknowledged to and before me that she executed said instrumeM freely and volurt- tarily and without aryr compuision, constraint, apprehension,.9r fesr of or from her said husband. WITNfSS my hsnd and oFficial :ea! thi: f~0 day of February A. D. 19 68 u~~ Notary Public in and to? the State of Fbrida at tsrge i My Commission expires: / / ~ ~ ` 7/ Return'To: ~ ~nt Fedenl Savings a loan Assodat;on . Of Fort P;er~e. FILEO AND RECOR~~Y PUBLIC, S7ATE OF FtU6tDA AT LAR6E ~ 4 ~ ~~S~Q ~ Fo?~ Pierce, Fbrida ST• ~~'CIE COUNT N E~~~RES r.py..•,~~6~ .~971 Y_°~'~,~jllo-~......,,.,., Fk..o ri. a~~~r MoA3 ? G:'~ atr _CJ ?,5~, . js . ~ . ~ _ 45~~ . ~ L ~ This instrument prepa~ed b ~ u=. ' F i r s t f e dar ai Sav. & Loan Assn. ~~8 FEB ~ 9 ~ ' : t~: : 0 4 ~ . o~ort Pierce I/~~~ - ' ~ - 1 . : i! ' • ~';i iC~-!''" ~ `r- _ By ~ ClE ' , . u; , ~~.s - • RK CIRCUIT COURT , - - ~ 800K~7Q PAGE~ / 4~ ck ~ ,1 • ~ ; ~ _ - - ; _ - ~ps ` " '-''-aiP - - . . .~,~"~c~.`~'. P - _