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HomeMy WebLinkAbout2512 . t . 3 3. To plx~ and continuouily keep on tM buildings now or here~fta ~ituat~ on ia~d land snd on all equipm~nt and p~na+ally covtred by tAi~ mwt9- ap~, with dl premiwrd thereon paid i~ tull, fire insuranc~ in the ~sval sundard policy fam, tn • sum •pprovad by tM MORTGAGEE, ~nd winditorm insuranp in tM ~iwl ~~+ndard polity form, in • sum approved by iFK MORTGAGEE, i~ iuch company or compania as ~he MORTGAGEE m~y dirKlj ~nd all fin ~nd windslorm insw+i+o~ policies on any of said buildi~ps, u?y interest therein or p+n thereof, in tM sgqrt9aq sum ~faes~id or In ~xceu therwf, ~h+U ca+uin rhe uiwl it~nd+~d morrya~ clsus~ o~ iuch otha clavae ~s tM Matp~pe~ may requ~n, m~kin~ tM tou ~ndN said pol~ ciss, tach and ~very, paY+bl~ to uid MORTGAGEE ss iq interest may ~pp~ar, ~nd each and ~very t~ch policy ~hsll b~ promptly au:gned and delivered to ~ny heW by said MORTGAGEE as further secvrity to said morty~ debt, and, not less tM~ ten (101 days in advsnts of ~M expir~tion of ~ach polity, to da liwr to ~aid MORTGAGEE a r~i+ewal theraof, to~~tF?K with a rec~ipt fw tM premium of svch renewal; and ther~ sMll b~ no fir~ a windstorm ins~r~nc~ pl~c~d on any of ~iid building~, ~ny i~tereit therein or p+rt tMreof. unteu i~ tFK fonn'and wi~h tM tou payabk as afa~aid; ~nd in the event ~ny sum ' of mon~y bet~+es ;~y+b~e undc+ such pol'~cy w policies said MORTGAGE[ ~hall haw tM option ~o receive and ~pply iM s+me on +ccouM o~ tM indebred- ~ ntu secyr~d htreby o~ to peimit said MORTGAGORS fo reteive ~nd us~ it q any pa?t thereof fw othcr purposes, without thrreb/ waiving a impair- ~ irg ~ny puity, IiM or i~ph; under or by vutw of this moctpape; ~nd 'w? tM ~vent wid MORTGAGORS shall fw a~y ?eason fail to keep the said premises so insured, a fail b delive~ promptly ~ny of said policies of i~iunnte ro s~id JNORTGAGEE, w fail promptly W pay fully any premivm therefor w in any respect fail w perfam, discharge, execute, effact, complets, camply with and abide by th~s covena~t, w any paN heraof, said MORTGAGEE may plsce snd pay fw wd~ inwranc~ or any pa~t thereof without walvirg a ~ffMinp any option, liN+, p~ity, or r'qht unda or by virtw of thii Maryay~, and the full amount of sach and ewry ~vch p+vment ~a~~ b~ ~mmed~+tey due and p+yabl~ and ihall bear intereat from ths date thcreof ~ntil paid a~ tM rat~ ol n~n~ pe~ cantum pe~ ~nrwm and together with ivch inte~est sMll be secured Ly the lien of this mort9~ge. 1. Te p~rmi~, aamut or suffer no wasta in?W~rmer?t or deteriaation of said property or any paN the~eof. 5. To p+y ~tl and unpulu ths tosts, chuges u~d expenaes, includin~ s re~sonable attwney's fee and costs of abstr~cts of title, inturred w paid st ! any time by iaid MORTGAGEE, because or ie thc tvent of the isil~re on the part of tM said MORTGAGOR to duty, promptly snd fully perfwm, d~schargG ( execute, ~ffect, comptete, comply with and ~b~de by ead? and every the itipula~~ons, sgreements, co~ditioos, and covenann of said p~omissory note and this 3 mort~~ uiy or ei~he~, and said cosn, chupes and experrc~. each and every, shall be immed'utely due and p+yable: whNher w not tAere be nor~ce d~ mand, ~ttsmpt ro co1kN a suit pend~ng; and the full smount of esch and every svch paymant shall bear interest f~om the date thereof until psid at the rate of nine per ccntum pa annum; ~nd all ~id custs, charges and eapenses ~ocurred w paid, to~efher w~~h iuch interest, shall be sec~red by the lien of thN matp~. e. TMt in the event of u?y breach of this Mortg~pe or defauh oe~ the part oE the MORTGAGOR, or (b) in the event s~y of s~~d sums of money herein refNred to be not p?omptly and fully psid within thirty (30) days next after the same severally become due and payabk, without demand w notice, or W in the ewilt cxh ~nd every the stip~tations, sgreements, cond~tions and wvenann of sa~d promissory note and th~s mortgsge any a ei~her are not ~uly, prompNy snd fully performed, d~scharged, executed, effected, ca-npleted, complied with and abided by, then in either or any such eveM the said ag preaat~ wm mentiontd i~ said promiuory note the~ remaining unpaid, with iroerest sccrved, and all mo~ys setured hereby. thall bemme due and pay- ~bte forthwith, a thereafter, at the option o1 said MORTGAGEE, u fvlly and canpletely as if all of fhe said sums of money were aiginally itiputated ro be paid on such day, anythirg in sa~d promiuory note or in this Mortgsge to the contrary notwithstsnding; snd thereupon or thereafter the option of uid MORTGAGEE, without notKe w demand, suit at law or in equity, tFKrefore w thereaitcr begun, may be proaetuted ~s if sll moneys ~ecured hereby had maluted prior to ib institution. 7. That in ths event that at the beginning of w at any time pending sny suit upon this Mortgage, w to fweclose it, or fo refwm il, or fo enforce payment of any daims I+ereunder, ssid MORiGAGEE shall apply to tFx Court having jur~sdiaion thereof fa the appo~ntment of a Receiver, such Cou~t shall fortliweth sppoint s receiver of said mor~gaged properiy all and singular, includ~ng all and s~ngular the income, p~ofits, iswes and rcvenues from whatever sourte daived, each and evcry of whith, it being expressly v~derstood, is hereby mortgaged as if specifically ut forth and described in the granting and habendum clauses I+ereof, and such Receiver shall have all Ihe brosd and effeaive functions and powers in anywise entrusted by a Court to a Receiver, snd such appointment shall be made by svch Court as an sdmitted equity and a matsN oi absolute right to said MORIGAGEE, snd without reference to the adeqvacy a insdeqvacy of the value of ttk property mongsged or to the sonrency o? inwlvency of said MORTGAGOR a the defendants, and that such rents, profin, intome, issues and revenues shsll be applied by such Receiver accwd~n9 to the lim or equiry of taid MORTGAGEE and the practice of such GouR. 8. To duly, promptly snd fully perform, dixha~ge, execute, effect, complete, comply with and abide by ~ach and every the itipulationf, agreements, condifaro and coren~nts in said promissory note and ~h+s mortgsge set forth. ' 9. That u~ the event the owrunhip of tFx mortgsged prcmises, a any part thereof, becomcs vested in a penw~ other tha~ the MORTGAGOR, the # MORTGAGEE, its wceessors and auigns, may, without notice to ~he MORTGAOR, deal wifh such successw or successor in interest with reference to thi~ mortgye and the debt hereby secured in the same manner as with Mortgagw withovf i~ any way vitiating w diuharging the Mo?tgagon' liability hert under a upon the Skbt hereby secu?cd. No sale of the premises hereby mortgaged snd ra forbearante on the paA of the MORTGAGEE or its successon or ~uigns snd no extension of the time fw the payment of the debt hereby secured give~ by the MORTGAGEE or in succeuws or auigns, shall operate ro releue, d~schar9e, modify change or affect the orginal liabil~ty of the 1NORTGAGOR herein, eithe~ in whole o? in part. 10. It is specifically ag~eed tMt time is of the asence of this contract and that no waiver of any obtigation hereunder or of the obligafion sr n.red hereby sAall at any time thereafter be held to be a waiver of the terms hereof w of the instrument secured herby. I1. In add~tan to the fwego:ng monthly payments of princ:ppl and interest required by the promiuory note secured hereby, mortgagor covenants ~ and agrees to pay to mortgagee with each monthly payment an add~tional sum est~mated by mortgagee to be equal to 1 f 12 of the annual cost of the follow- , irtg: ' A-All real property taxes levied w assessed against the above described real estate_ : , B-Premiurr.s on fire and windstorm insurance as herein requ~red to be carried o~ the improvements situate on the above desaibed premises. i C-Premiums on such mwtgage guaranty insu*ar~ce as mortgagee shall from time to time deem fit to tarry on the ban secured hereby. ! Mortgspee shall from time to time notify mortgagor ~n writ~ng of the amount due and payable hcreunder and such sum shall thereupon be due and payabk on the due date of the next monthly payment and each succes:ive month thereafter ur.til mwtgagee shall notify mortgagw of a change in such ~i amovnt. Such sums shall be applied by mortgagee toward fhe payment of real p?operty taxcs, insurance prem:ums, and mortgage guaranty insurance 4 premiums. E IN WITNE55 WHEREOF, the said MORTGAGOR has hereunto set his hand and seal the day ~nd year first aforesaid. j ~R ned, SAskd/hnd de4vered t eaence of: ~ ~ ~1'3/~-~.C , ~ n ,n ~ ~ ~ cs~.o ~ ~s~+n a ~ STATE OF FLORIDA ~ Saint Lucie ~ couwn oF , Befwe me penonally appeared D ua.ne A. B ittner biargaret L• Blttl]@Y his wife, to me well known snd known to me to be the individwls descr~bed in arxi who executed the faegoir~ instrument ~nd 1 ed befwe me that they executed the same fw the purpose~ ~ thereen exa~d. a~d rt~ D~argare~ L.~ i~~r er - wife o4 ths said Duane A. B it tner upon a xparate and privats ~ exsmination by me takee~ separate and apart from her said Iwsband, atknowkdged to and before me that sF~e executed said inatrument freely and volun- tarily and without any compulsion, constreint, spprehension w tesr of w from her said husband. ~ ~ WITNES$ my hsnd and official seal this ~ day of rla~ ' A. D. 19 f~8 Notary Public in and for the State of Florida at Larye w My Commission ezpires: a~p _ y~ Retum T~o: ; F~nt F~,i sa~~~s a~n nu«~ar~~ FILED AND RECOROED~ ST. LUCIE COUNTY. FLA. NOTARY PUBUC.:TIiTE OF Ft~i.~JA At UlROt =j Of Fort Pierce. ~ r MY COAAMI$$ION E~(PIRES NOY. 26, 1971 Fwt Pierce. Flwids 7~ t~ F f, N (J: (J~... . t7- ~ONDtD tM1t~JU:~H F:s o v~. o~ESTe~..~l ~ ~ ~ 165(~3`7 , t ~eQared by ' I S , , . • J This instcumen P pssn. '68 MAR ~ AM 10 • . ' fi~st Fede~al SavP e Ce n 1~,~~ ~ _ _ . ~ Oia k r i~ir~~ ' • _ ~ ~ : ~ - D • P i:0„E_~? ~'i.~l ~ tt•.S = : - . - _ g'f CLERK CIRCUIT COURT g = : ~ , - ~ • - ~ ~ ~ ~ ~~~U PAGE~SO~ . ~ BOOK , ~ ~ ~ = . , - - - - - - - - e~~.r: _ l ~ X ~ ~ s-e, ~ s.~. - ' ~ ~ - ~ , . ~ ~~~~'x'.r . - pp'