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HomeMy WebLinkAbout2675 r ~ 3. To plac~ u+d conti~~ausly k~ep on the buildings ~+ow or here~f«. situ~a on said tu+d end on sll equipmeM u+d penon~liy cov~red by thii morrp~ a9~, with ~II premiu~! thereon pa~d i~ full, (ire insur~nce in iht us~sl sundard policy fam, ~n • ium ~pproved by the MOR~GAGEE, and windstam insw~~c~ in tM ~sval itandard pol~q (am, in • sum app~oved by ~hs MORTGAGEE, in such company o~ companies tM MORTGAGEE may dir~ctt and all fir~ and windi~orm ins~rsnce policias on any of iaid build~nps, u+y interest the~ein or part thereoi, ie tM a~reyat~ wm aFasaaid w In ~xceu thereof, tMll contain the u:u~l ttandud mort9agte cl~use or svch other clause a tM Matgagee m~y ~cqu~~e, makirp tM lo~s unda said poli~ ci~s, ~~ch ~nd evrry. paYable to s~id MORTCaAGfE as itf intereff may appa+r, and each and every iuch policy shall be prompt~Y +ss~9ned u+d deliverod to •ny Mld by said MORTGAGEE ~s fu?tha security to s+id matyape debt, and, not ku tMn ten (101 days in advancs of the sapintion of e+ch polity, to dr IivN to said MORTGAGEE • renewal thtreof, togethtr with a reteipt iw the premium oi s~ch renewal; and there sMll be no fin o~ windstorm insvrant~ pl~ced on ~~y of said buildings, ~ny intereit there~n or put thereof, unleu in ths form'and with th~ loss p~yable +s afwes~id; and in tM avenl any sum of money becoma p+yable unda ivch policy a policies said MORTGAGEE shall Mw ~he option to receive and ~pply tM sam~ on account oY tM indebtad~ neu iecund Mreby w to peimit si~d /AORTGAGORS to reteive ~nd us~ it a ~ny pa~t thereof fw onc~~ purposes, wi~hour thYeb~ waivi~.g w~mpair- iny any puity, li~n or riyht under a by virtue of this mort~a~e; ar+d in tM tven~ ~aid MORTGAGORS shall for a~y reason fai) to keep the s~id premius w insured, w i~il fo deliver promplly any of sa~d polKies of insun~u to said MORTGAGEE, or fail promptly to pay fvlly any premium therefw a in any respect fail to pe~fam, discharge, execute, effect, complete, comply with u+d ~bids by this covenant, a any psrt hereof, said MORTGAGEE may place and p~Y for s~ch insura~ w any part tF~eof without wahinp w•ffedinp any optia+. lian, puity. a ri9ht under or by virtw of this Mutya9e. ~nd 1M full amoum of each ~nd ~very such p~yment shall be immediately dw +nd pY+bk ~nd sAall bear intereit from ~hs dat~ therraf untit paid at tM rate ol nine per cent~m psr annum and toge~her with such interest shall be secu~cd by the lien of thii mortya~e. 4. To permit, commit w suffer no waste, tmpsirment or deteriw~tion of iaid p?operty or any part thereof. 5. To pay all and iirgut~r the <osts, charges and expeosss, inctudinp a re+sonable attwney i fce and costs of abstracts of ti~le, incurred or paid at any time by iaid MORTGAGEE, because o~ in the event of the fsilure on the p~rt of the ssid MORTGAGOR to duly, promptly +nd fully pe~form, d~uharge, execute, effect, complete, comp~y with and abide by esch and every the itipulat~a+s, agreements, conditions, •nd covena~ts of said p~omiswry note and this mortgaga any or e~~her, and said costs, chargq and expentes, each and every, shall be immediately d~e and payable; whether or nof there be notice dc mand, sttempt to colled w suit pendi~g; and the full amo~M of esch and every suth payment ihall bcar interest from tF+e date thertof until p~id at the rate of nine per centvm per annum; and all said ccsts, charges and expenses incwred or paid, together w~th such interest, ihall be ucured by the lien of tha mortpape. A. TMt (a) in tix eve~t of any brcach of this Matgage or defsutt on the part of the MORTGAGOR, or (b) in the event ~ny of sa~d sums of money herein referred to be not promptly and fully paid within thirty (3p) dsys next afte~ the same uverally become dve and payabte, without demand o~ notice, or in the event eath and eve~y the stipula?ions, sgreemenri, condiYans and coven+nts of sa+d promisswy note and th~s morlgage ~ny w either are not ~uly, promptly snd fully performed, d~xharged, executed, effecfed, completed, compt~ed with and abided 5y, thcn in either a any such event the said ag gregaM sum mentaned in said promissory note then remairting unpaid, with interesl accrued, and all moneys secured i.sreby, shall become dw ~nd pay~ sble fathwith, w thereaiter, at the optan of said MORTGAGEE, as f~lly and completely as if all of the ssid sums of money were wiginally st~pulated to be paid a? such day, anythirg in said promissory r?ote w in this Mortgage to the contrary notwithstanding; and thereupon a thereafter at the option of aa7d MORTGAGEE, wirhout notke or demand, suil at law or in equity, therefae or thereaher bcgun, may be prosecuted as if all moneys sacured her~by had matvred pnw to its institution. 7. TMt in tl+e event that at the beginning of or at any time pending aoy suit upon this Mortgage, a to foreclose it, a to reform it, or to enforte payment of any claims hereunder, said MORTGAGEE shall apply to the CouA having jurisd~ction thercof fw the appointment of a Receiver, such Court shall fortFiwith appoiM s receiver of said mortgaged p?operty all and singular, includ~ng all and singular the income, prof~ts, issues and revenues from whafever wurce de~ived, each and every of whah, it being expressly underttood, is hereby mortgaged as if spec~fically xt fwth a~d dexribed in the yranting and habendum clauses hereof, and such Receiver shall Mve alt the txoad and effecrive tund~ons and powers in ~nywise entrusted by + Court to a Receiver, and such appointment shall be made by such Court as an admitted equity and a mattcr of absotute rght to said MORTGAGEE. and without reference to the adeq~acy a inadequacy of the value of the prope.ty mortgaged w to the sohrency or insolvcncy of said MORiGAGOR a the defendants, and that such renrs, profin, irxane, issues aod revenues shall be applied by svch Receiver accord:ny to the lien w equity of said MORTGAGEE and 1he prxtite of such CouA. 8. To dulv, promptty and fully perform, discharge, execute, effect, compiete, comp~y with snd abide by each and every the stipulations, agreeme~ts, conditions snd covenants in sa~d promisswy note and this mortgsge set fath. 9. That in t1~e event the owncnhip of the mortgaged prert+ises, or any paA thereof, becomcs vested in a person other than the MORTGAGOR, the MORTGAGEE, its successors and ass~gns, may, without notice to the MORTGAOR, deat with such successor or successo~ in inf~rest with refere~ce to thia mortgage and the debl hereby secured in the same manner as with Mortgagor without in any way v+tiati~g w discharging the Mottgagors liability here- under or ~pw~ 1he debt hereby secured. No ssle of the premises hereby mortgaged +nd no forbearonce on the pah of the MORTGAGEE or iri successors or sssigns and no extension of the time fw the payment of the aebt hereby secured given by the MORTGAGEE or its successors w au~gns, ahall operats ro release, discharge, modify change w af(ect the original liability of the MORiGAGOR herein, either in whole or in part. 10. It is spec~fically agreed that time is of the essence of this contrad and that no waiver of any obligation hereunder w of the obligsYan sr a,red hereby shall at any time thereafter be held fo be a wairer of the terms hcreof w of the instrument secvred herby. I1. In add~tion to the fwego:ng monthly payments of princ'p~t and interest required by the promissory nore setured hereby, mortgsgor covenants and sgrees to pay to mortgagee with each monthly payment an add~iional sum estimated by mortgagee to be equal to 1/12 of the annual cost of the follow- ing: A-All real property taxes levied or assessed against the above described real estate. f B-Premiums o~ fire and windstwm insurance as herein requ~~ed to be carried on the improvements sitvate on the above described premises. f G-Premiums on svch mortgage guaranty insurance as mortgagee shall from time to time deem fit to csrry on the loan secured hereby. I i Mortgagee shall from time to time notify mortgagor in writing of the amount due and payable he~evnder and such sum shall thereupon be due arsd ~ payable on the due date of the next monthly payment and each successive mo~th thereaiter ur,til mwtgagee shall notify mortgagor of • cFwnge in such E amount. Such sums shall be applied by mortgagee toward the payment of real property taxes, insvrance prem:ums, and mortgage guaranty insurance E premiums- E iN WITNESS EREOF, th said MORTGAGOR has hereunto set his hand and seal the day and ye r first aforesaid. s . ned. Ssal and i ed ' Nsence of: ~ " , ` E ~cr_4~w r~~ ~~.n s ~ ,p F } h g ' Y ~ \-~V g ~ ~-s4 K ~ STATE Of RORIDA ~ St. Lucie ~ COUNTY OF Leicester c~'. Lennard Befwe me perwnally appeared . j v~s - a/)d ~ Alice Lennard his wife, to me well knowp kpOJiqi to fne,lb,bd. ~ the individuals described in and who executed the foregang instrument, and acknowlydged before me that they exewted t~xi~dle ~tht pvipose~ ~ rhe?e~o exp.eued. a+d tt~e .aid Alice Lennard • _ . .=`G"_, wife ot she ssid Leicester W. Lennard yp~:s sSpirat~and priv~t~: - examinsYan by me taken separate ~nd apart from her said husband, ackrawledged to and befwe me that she executed said ins~umenr frsrly ~id volDrt rarily snd without •r~y compulsion, constraint, apprehens;on, r fea? of or from her said husband. , 4~,' ~ WITNESS my hand and official seal th~s h2 - day of~~drC~l . ~ . D. '19~'~~ , ~ . ~ otary Public in and for t Sute of Florids at lsrye " My Commiuion expires: Ret~rn To: F~rs' Fede'~~ Sa"~^9• ~~°a" ^'sociati°^ FILED ~+P~D RECORDED _ Of Fort P~e~ce. ST, (.UC(~ C~U~~ MOTANY PUBIIC, iTAiE Uf fL0111DA AT l: e.t Fort Pierce, Florida ~ r. , TY^ FLA, MY COMMISSION EXPIRES OCi. 11, ls ~f ~ ' •ONDED TMROU6M FRED MI. DIEfTELHORg7 514~ ~,o ~ '68 ~~AR 13 - 3~~ ~ ~ O: 4 9 RECEIYED IN PArMEIIt Oi TA~ ; This instrument prepared by r'' i~ • DUEON CLASS'G' INTAN6IBLE PERSONAL PROPERTr. ~ FIfSt F@dQ(8I SBV. 8t L08(1 ASSfI. /URSUANT TO CHAPT~R Y072~. ACTS OF 1941. ~ o ort Pierce , RpGER PO(TW?5. ekrk e~+a,tr c,a,M ~ / , /v • : r. ~ ~ ~ ~0 7 ~%-S ~ ~ CURTIS N1. JAMES BY ' ; ~LERK CIRCUIT COURT Ta~ St. ~ ~ ~ry r M oEPUTr c~nc ~X BO~K ~ / O PAGE ~663 ` ~ , ~ . - _ ~fi' : - ~ ~.~r: , - - - . ~ ~Y~3~, r _ E~ s - _ - - ~ ~ . _ . .