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HomeMy WebLinkAbout2563 ~ 3. To plac~ and continuousiy kesp on tM b~i!dings now w hereafter situste on said iand and on ~~I equipment ~nd p~rsons~~Y cov~r~d by thi~ mort¢ ap~, with ~II premiw:A tMraon pa~d in full, fire insursnce in 1he usual standa~d pollcy (orm, ~n • sum spproved by ths MORTGAGEE, ~nd wir+dstam insurance in the usual s+andard pol;cy fam, in a sum approved by ~he MORTGAGEE, in such company w companies as the MORiGAGEE may di~~d; ~nd all t'ue +~d windstorm insurance pol~c~et on any of sa~d build~n9s, any interes~ thereir or pa?t thereof, in ths a~~eg~~~ ium afor~said or In ~xtess lherwf, shall cont+ie the ~sual standard mortgagee clavse w such other clavss as tM Matp~gee may requu~, m~kirg the lo~s unda ~aid po1F ciN, ~sch and ~v~ry, p~y~bte to s~id MORTGAGEE as its intero~t may appe+?, snd each and every t~ch po~iq shall be promptly +u gned and de~ivered to ~ny Mld by said MORTGAGEE ss further sec~rity to i~id mortg~9e debt, and, ~ot less ~han ten (10) days i~ advance of ~M ~xpiratan of aach policy, to d? IivN ro aid MORTGAGEE a renewal thereof, togetMr wilh e rKe~pt io~ tM p~emivm oi such renewal; and Ihe~e shall be no fire w wind~torm insur~nc~ plKed on ~ny~o~ s~id b~ildirqf. aey interest therein or part lheteof, unles~ in the form'and w7th tM lou payable as •foresaid: ~nd in the eve~t any sum of money bacom~s p+y~bl~ vnder such policy a policies ta~d MORTGAGEE ~hall Mve tM opt~on ~o receive and apply tM sartK on +ccount o1 tM indebted~ rKSS secvr~d hsreby or ro permit said MORTGAGORS to ?ece7ve and use it w any pa~t ~hrreof for othcr purposes, w~~hout ~h:reb~ waiving o~ ~mpair- Inp sny puify, litn w rqht w~da or by virtv~ of this mortga~e; ~nd in the tvent wid MORTGAGORS ahall fo~ any reason ~ail to kcep the s~id premius so insv~ed, w f~il ro deliver promptly ~ny of said policies of insursnce to said MORTGAGEE, or fail p?omptly to pay fulty any premium thcrefor or in ~ny r~tpect f~il to pNforrn, dixMrge, execute, effect, complete, comply with and sbide by th~s rnvenam, a any part he~eof, sa~d MORTGAGEE may place and i paY fw tuch iniurancs or ~ny paH thereof without w+lving or affectinp any opf;on, lien. equity, a rigM unde~ w by virtw of fhii Marya9e. ~nd tF?e fvll amount of each and every such payment sha!1 bs immedistely dw +~d p+yable ~nd tha1l bear intereat from the date therec' un~il pa~d M tM ratt ot ~ nin~ per ce~rum per ~nnum and to~etlxr with suth interest shsU be secured by the lien of this mortgsqe. t 1. To permit, tanmit or suffer oo waste, impairme~t w deterioration of said property a any paA lhereof. 5. To pay all ~nd sinpular the tosts, charge~ ~nd expenses, including a reasonable attorney's fee and costs of abs?ntts of title, incuncd w paid at •ny tima by iaid MORiGAGfE, be:aus! w in the event oF the failure on the pa?? of tM said MOR:GAGOR to duly, promptly and fully perfam, d~scharge, ~ execute, effect, complet~, comply w~th and ab~de by each and every the stipulat~ons, agrcemenb, conditions, ~nd covenaM: of said promiuory note and thu ~ mortgaye any o? ei~her, and sald costs, charqes and experxes, each and every, shsll be immediately due and payabte; whether q not thcre be not~ce de m~nd, attempt to colktt u tuif pending; and the fvll amount of eath and erery svth paymcnt shall bea. interest from the date thereof until paid +t the rate of nine per centum per amivm; and all said cdsts, charges and expenses incurred w paid, Iogetixr with such interest, shall be stcured by ~he lien of thu mwtp~ye. Q That (a) in the event of any breach of this Mortgsge or default on the part of the MORTGAGOR, or (b) in the evant any of ss~d sumt of money hetein referred to be not promptly and fully paid within thirty (30) days next after the same severa(ly become due and payabte, without dcmand o? ~otke. or (c) in 1he event each snd every the stiputations, sgreements, cond~tions and tovenants of sa~d promiuory note and th~s mwtgaye any a either are nol j ~vly, promptly ~nd fully perfwmed, d~uharged, executed, eifected, completed, complied with and ab~ded Sy, then in either w any svch event the said ag ~ gre~st~ sum mentaned in isid promissory note then rcmaining unpaid, with interest accrued, and all moneys setured hereby, sMll becomt due and psy~ ~ ablt fathwith, or thercafte?, st the opt~on of said MORTGAGEE, as fully and completely as ii all of ~he said sums of money ~vere orginally stipuleted ; to be paid o~ svch day, anything in sa:d promissory note o? in this Mwtgage to the cont.ary natwithstsndirg; and thereupon a thereafter at tF~e opuon of ' uid MORTGAGEE, withovt not~ce w demand, suit at law or in equity, tFKrefore or thereafter begun, may be proxcuted as if all mo~eys secvred hereby had matured pnor fo its institWion. ~ 7. That in the event that at the beginning of or at any time pending aoy suif upon this Mwtgsge, ot to foreclose if, or to refam if, or to enforce payment of •ny claims haeunder, said MORTGAGEE shall apply to the Court having ryr~sd~d~on thereof for the appo~ntment oi a Receiver, svch Court shall ; fwtFiwith appoint a rece~ver of aaid mortgaged property all and singular, includ~ng all arfd s~ngular the income, profits, issues snd revenues from whatever wurce derived, each and every of whrch, it being expressty undcrstood, is hereby mortgaged as if spec~fically xt fath and dexribed in the granting and ~ habendum clauses hereof, and such Receiver shall have sll the brosd and effective funcr,ons and powers in anywise entrusted by s Court'to • Receiver, and ~ such appointment shall be made by such Court as an admitted equity and a matter of sbsolure righ~ to said MORTGAGEE, and without re~ererxe to the adequacy o~ i~adequacy of the value of the properry mor~gaged or to the sotvency or ~nsotvency of said MORiGAGOR w the defendants, and that such rents, profiri, income, issues and revenucs shall be applied by such Receiver accordinp to the lien or equify of said MORTGAGEE and the pradice of suth Court. 8_ To duly, promptly and fully perform, discharge, execute, effect, complete, comply with and abide by each and eva:y the stipulstions, agreemcnts, condit'ans ~nd covenants ~n sa~d promissory note and th~s mortgage set forth. . • 9. Thst in the event the ownersh~p of the mortgaged prcmises, w any part thereof, becomes vested in a person other than the MORTGAGOR, ths MORTGAGEE, its successors and auigns, may, without notice to the MORTGAOR, deal with s~ch successor ,w successoi in interest with reference to this mortga9e and the debl hereby secured in the same manner as with Mortgagor without in any way vitiating or diuharging the Mortgagori fiability here• under w vpon ttx debt hereby secured. No sale of the prem~ses hereby mortgaged and no forbearance on the part of the MORTGAGEE a it~ s~ccessws or assgns and no eatension ot the time for the payment of the debt hereby secured given by the MORTGAGEE or its successas w au:gns, shall operale to release, discharge, modify change or affect the original liability of the MORTGAGOR herein, either in whole or in part. 10. It is specifically agr~ed that time is of the esscnce of this contract and that no waiver of any obl~gation herevnder or of the oblgsYwn se- a,red hereby shail at any time tFxreafter be held to be a waiver of the terms hereof or of the inslrument secured herby. 11. In add~rion to the fwego:ng monthly payments of princ'pDl and interest required by the promissory nore secured hereby, mortgagor covenants and agrees to pay to mortgagee with each monthiy payrnent an add~rional sum estimated by mortgagee to be equal to 1/12 of the annual cost of the fo~low- , ~ngc A-All real property taxes levied or assessed against thc above described real estate. B-Premiums on fire and windstorm insurance as herein requ~red to be carried o~ the improveme~ts situate on the above described premius. C-Premiums en such mwtgage guaranty insurance as mortgagee shall from t~rtx to time deem fit to carry on the loan secured hereby. 'i Mortgagee shall from fime to time notify mortgagor in writing of the amouM due and payable hereunder and iuch sum shall thereupon be due and f payable on the due date of the next monthly payment and each successive month thereafter ur,til mortgagee shall notify mortgagw of a change in such E amount. Such sums sFall be applied by mwtgagee toward the payment of real property taxes, insurance prem~ums, and mortgage guaranty insurance f pr~miums. ~ IN WITNESS WHEREOf, the sa~d MORTGAGOR has hereunto xt his hand and seal tF~t day and year first or aid. - $iy , Sea nd delive 'n the presence ot: ~t - ~ af) € a'' ~ ~ cs~.n ~ STATE Of FLORIOA ~ COUNTY Of 5 t. Li:~ C 19 ~ ~ defwe rn~ personally appearcd Pfi 11 5.Zn~1~ ST~ a~ ~`r~ .TPt~ Cl Se~ h his wife, to me wetl known and known to me to be ths ind~vidwts described in and who exccuted the foregoing instrurt+eM, ~nd ackrrowledgcd before me thaf they e:ecuted the same for the pu~poses .:w.s,.d. a+d rn. said e t ty Je an Selph ~ wif~ of tM said ~all~ JBZFL~ 5Z'• upon a uparste ~nd priwt~ e~~m~nat:on by me te4en ~eparate and apart from her sa~d husband, ecknowfedged to ~nd befo.e me that ~he executed said instrurt+eM freely and volurr t~r~Ir ~nd w~IFwut ~r1y compulsion, constra~nt, appre or fear of or frcxn her said hu~bsnd. a ~ WITNESS my hand and off~u~l ~eal th~s dey of Marc p. 19 68 ~ ~ > i ~ otary P~bGc in ~nd the S~~tt of Fbri • at luy~ r ~ My Comm~si~on eaphes: / - ~ / - ~ Rer~rn To: ~ fint f~denl Sa~1~.q~ 3 losn Assoc:~r on ~ O~ For~ D erce . ~ FIIED ANO RECOR~Q~M~UCONjATE OF RORIOA At URiL ~ Fa., v,~.«. r:o,,~~ ST. LUCIE ~^U~1TY~.. ~ INR6JCH ~~xP~~wy 11, t9~ _ c~- . ~s,~~..,r~r..,~ ~ .;t,~~,: p'rpa`ed ~y L~J~i'`7 ~ ~ fj~ht Fe,'; `.t- ~t ~a~~ F1_,n. '68 MAR I AM • 37 ~ ;,41.~,r r~L,..~ ~ ~,,,a~, ~ ~ v ~~~dz ~G~-----~ - u s ~ By T' ~ ~•i~ < tR..~ c~;,I?1_ ` # CI.ERK CI~CU17 COURT > ' • ~ ~ ~ ~o~K 1"1 U P~~.E 25~1 ~ ~ 1 rr : ~~XT R~4~ ~ 'T _ _ # v~`s+t-::: d r'~y~'-~'Sti" . ~~'yw ~Sl~~~c. _ ~ _ . .