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HomeMy WebLinkAbout2677 3. To plac~ ~nd co~tinuouily k~ep on the buildings now or heresfter situ~te on s~~d land and on all cquipment and p~nonally cov~r~d by thii mony- { a~~, wilh •II p~emiur~q thereon ps3d in full, fire insurance i~ ~he usual su~dud pofity fo~m, jn • sum approved by tM MORiGAGEE, and windstwm inaurux~ ln tM us~al ~tanda.d pol~cy f«m, in • svm ~pproved by the MORTGAGEE, in such comp+ny or canp+nies +s tF+~ MORTGAGEE miy direc~t ~nd all fir~ ~nd wlndstorm insunnc~ policiet on +nY o( iaid bu~~d~ngi, +ny int~resl the~ein or part thereof, in tM a~rcg+tt sum ataesaid w In ~ate~s thereof. ~MII cont~in the usual itandud mor~gsgee clause or such other tl~use as 1M Mo~t9~g~! m~y require, m~kinp th~ los~ under said po1F ci~a, t+cF~ u~d ~vtry, payabN to said MORTGAGEE ~s iti interest msy ~ppea~, and each ~nd every urth policy shall b~ promptly iu:~ned +r+d delivered to •ny I+~W by said MORTGAGEE ~s tur~her sccurity to said mw~9a9e debt, and, not lesi tMn ten (10) dayt in sdvanc~ of the expirat~on ot each policy, to da tivt? to ~aid MORTGAGEE a renewal the~eo(, tope~hK wi~h • receipt fw tht prtmivm o} such renewal; and ~here ihall be r+o fire or windstam insur~nte placsd on ~ny of qid buildings, any inte~ett thcrein or p~n thenof, u~le~s in the form'and wi~h the losi payabte as afwesaid; ~~d in the event any ium of mon~y becanes pay+ble u~dsr wch policy w polici~s s~id MORTGAGEE shall have tta optan to receivs and apply tM sam~ on account o~ the indebted- ntss secured hertby w to permit said MORTGAGORS to ~eceive and use it a any part thereof fw ofhcr purposes, w~thout th:.eb~ waivi~g o~ ~mpair- inp ~ny pu;ty, Ii~r? w ryht unde~ or by virtw of this morsya9e; and ir~ the event said MORTGAGORS shall fw any reawa fail to kesp•~he said premises w inivred, w(ail to deliver promptly any of ssid polKie~ of insunnc~ to said MORTGAGEE, d fail promptly fo pay fully any premium thereiw or in any respscf fail b pe~(am, disch~rge, execvts, effect, complete, comply with and abide by this covenan~, or any part he~eof, said MORTGAGEE may pl~ce and paY fw sud? inturant~ w a~y pa?t thereof without watving w affettinp a~y option, lien. eqvity. or right under or by virtw of this Mortga9e. and the full ~mount of each and ewry s~th payrnent sh~ll be immediatety dw and p~yable and ihall bear interest from ths da.e thcreof until paid M Ihe rat~ ol nine pa cent~m per annum and together with iuch interest shall be secured by tF?e lien of lhis matg~ge. 1. To pe?mit, tommit or wffer no wasts, impairment or deterioration of uid property or any part lhereof- S. To pay ~II and sinpular the.costs, chsrges and expenus, includin9 a reasonsble attwney i fee and wsts of absvacri of tille, incurred w paid a1 •ny time by ssid MORTGAGfE, because w in the eveot of the failure on thc part of the •aid MORTGAGOR to duly, p~omptly and fully pertwm, d~uharge. execute, etfect. complete, comply with and ab~de by each ~nd every the stipulalions, agreemenn, cond~tions, +nd covcnants of said promiswry note and thi~ mortgaye ~ny or e~~l?e~, arul sa~d cosn, charges and expcrnes, each and every, shall b~ immediately due end psyable; whether p not thcre be notke de mand, ~ttempt to collect a suit pending; and the full amount of each and evrry svch psynxnt shall bear interest from the date thereof until paid at the rate of nine per ccntum per amwm; and all said c8sts, charges and expenses incurred w paid, together with such interest, thall be ucuted by the lier+ of tha. mortpspt. 0. That (a) in the event of any breach of this Matgage w default on the part of the MORTGAGOR, or (b) in the eve~~: ~ny of said sums of money herein referred to be not promptly and fully paid within thaty (30) days next after the same sevcrally become due and payable, wi~hout demand o? notice, or in the ev~nt each snd every tl+e stipulstions, sgreements, conditions and covenants of sa~d promiuory note and th~s mortgage any w e~ther are not ~uly, promptly ~nd fully performed, diuharged, executed, effected, completed, complied with and ab~ded by, then in either a any such event the said ~g pregate wm mentioned in said promissory note then remaining unpaid, with interest accrued, and all moneys secured hereby, sMll become due and p~y~ able forlhwilA, w thereafter, at tt?e option of said MO@TGAGEE, as fully and completely as if all of the said wms of money were or~ginslly stipulated to be paid on such day, a~y~hing in sald prom~ssory note w in thia Mortgage to the contrary notwithstanding; and thereupon or thereafter at the option of said MORTGAGEE, without no~ice or demand, syiL aL~Mv w in equity, tFxrefwe w thereafter begun, may be prosccuted as if all moneys setured hereby nad matured pnw to in i~atiturion. 7. That in the event that at the beginning of or at sny time pending any suit upon this Mortgage, o? to fwectose it, or to reform it, or to enforce payment of ~ny claims Ixreu~dcr, said MORTGAGEE shall apply to the Court having jur~sd:ction thereof for ~he appomtment of a Receive~, such Court shall Fortliwith appoint a receiver of said mortgaged property aIl and singular, includ~ng atl and singular ~he inmme, p?ofits, issues and revenues from whatever wurce derived, each and ev~ry of which, it beirg expressly understood, is hereby mortgaged as if speufically sN forth ~nd descr~bed in the grsnting and habendum clavus hereof, snd such Receiver shall have sll the broad and effective funct~ons and powers in anyw~se entrusted by a Court to a Receiver, and ~uch appointment shall be made by such Cou~t as an admitted equiry and a matter oF absolute right to said MORTGAGEE, a~d wi~hout reference to the adequscy or inadequacy of the value of the property mw?gaged or to the so~vency w~nsolvency ot sa~d MORTGAGOR a the defendants, and that such renfs, profin, income, issues and revenues shatl be applied by such Receiver according to the lien or eqvity of said MORTGAGEE and the practice of such Court. 8. Te duly, promptly and fuily perform, discharge, execute, effect, complete, comp~y wi~h and abide by each and every the stipulations, agreements, conditions and tovenants in said promissory note and this mortgage ut forth. 9. Thst in the event the ownership of the mortgaged premises, w any parf thereof, becomes vested in a penon other than the MORTGAGOR, the MORTGAGEE, ib succeuas and assigns, may, without rro~ice to the MORTGAOR, deal with such successw or successor in interest w~th reference to thia mortgage and the debt hereby setured in the same mannet as with Mortgago~ without in any way vitiating or dixhargirg the Mwtgagors' liability herr under w upon the debt hereby secured_ No sale of the prem~ses hereby mortgaged and no forbearance on the pan of the MORTGAGEE w its successors or auigns and no extension of the time fw the payment of the deb+ he?eby secured given by the MORTGAGEE or its successas or auigns, ~hall operate ro release, d~scharge, modify change or affect the origi~al liabitity of the MURTGAGOR herein, either in whole or in part. 10. h is speufically agreed that time is of the essence of this contract and that no waiver of any obligation hereunder or of the obligstion st a.red hereby shsll at any time thereafter be held to be a waiver of the terms hereof or of the instrument sccured herby. 11. 1~ add+tion to the fwego:ng moNhly payments of princ'pDl and interest required by the promissory nore secured hereby, mortgagor covenants and agrees to pay to mortgagee with each monthly payment an add~~ional sum estimated by mortgagee to be equal to 1/12 of tha annual cost of tiie folfow- ing: • A-All real property taxes levied or assessed agai~st the above described real estate. B-Premiums on fire and windstorm insurance as herein requ~red to be carried on the improveme~ts situate on the above described premises. C-Premiums on such mortgage gua?anty insurar~te as mortgagee shall from time to time deem fit to carry on the loan sxured hereby. Mortgsgee shall from time to time notify mortgagor in writ~ng of the amount due and payable hereunder and such sum shall thereupon be d~e and f payable o~ N~e due date of the next monthly payment and each successive mo~th thereafter ur.til mortgagee shall notify mortgagor of a thange in such amount. Such sums sF.all be applied by mortgagee toward the payment of real property taxes, insurance prem:ums, and morigage guaranty insurance ~ p.emiums. ~ IN NE W R F th sa~d MORTGAGOR has hereunto set his hand a~d seal the day and year first aforesai . ~ S' ed, ' red in the prexnce of: ~ ,q ~ E . cs~.n ~ cs~.n ~ • ~ cs~•n ~ STATE OF FlQRIOA ~ Saint Lucie ~ u• ~ couNnr oF • t~;organ l~i. Raulerson~ Jr. Before me personally appeared ~nd ~ 12 Ll~"1}7 Raulerson~ h;s wife, to me well known and known to me to be ~ the indiridwls described in +nd who executed the fw oing instrument, snd acknowledged before me that they executed the same fw the purposes ~ rhe.ein .:p.essed. a,d tbe ssia R ubY :2aulerson ~ ~ W~{e ot t~ Aioryan I~I . R aulerson, J r. u a s rate and ~wt~ ~ examinatan by me taken separate and apart from her said husband, ackrawledged to and before me that she executed said insPt urrKntPf eely and olun- ~ ?arily ~nd w~tho~t ~ryr compulsan, constraint, apprehensi~or fe~r of or from f~er said~ ha Cnd. . 68 ~ WITNESS my hand and offi6al seal this ~a day of tl ~ A D. 19 y[ ~j Notary Public in and~or the State of Flor~La~~e) ~T, ~ My Commissian expires: J/..lb ~7~ ' ' ~ . Retum To: NOTARIf PUBUC, STATE OF FLUi.i~A ~T L~ItTiE~~~ - e Fint Federil Saving~ 3 loan Associatron • MY COMMISSION E~(Plk'cS NGV. ~6. 1971. - "?r Of Fort Pierce. ~~DEQ IMRGYalf_C6ED 1Y. D~EDi~~noxa~q,\ ~ ~ Fort Pierce, Florida - ~•:.~f FILEO AND RECORDED' ~ ~ • ~ = - • ST. LUCIE C~U~:TY. FIA. ~ ' ` ~ - f• c.',:,r .,-~~c:;= i - • , _ This instrument prepareA br 165150 ; ~ir~t Fe;!eral Sa~. & Lcan Assn. ~ ~ of Fort Pi '68 iyAR I 3 AM 10 : 4 9 - ' erce ' ~ D. Parker ~ ~ .•0;?R:,S . CLERK CIRCUIT COURT ~ - ~ BOOK~~~U PAGE~665 - ck ~ ~ - ~ ? ~II'e=^y "~'1.' L..y.~. - ~y~*n _ 1"~"C _ }'S~ ' ~ ~ x TPt'