HomeMy WebLinkAbout0192 3. To pl+c~ and contiouously kKp on tM buildinps now or Mre~ft~r aiw~t~ on said land ~nd on ~II equipm~nl ~nd p~rwn~lly cov~nd by fhis mon~
.q., w;,h ~II premiwra therw~ psid i~ full, fir~ insur~nc~ in tht uiwl sta~+dard policy form, ~n a tum ~pprov~d by th~ MORTGAGEE, ~nd wi~torm
tn~wanu in ttw uswl sand~rd pol~cy iam. in ~ ium approvad by tM N10RiGAGEE, in wch company or comWnl~s u tM MORTGAGEE may
dintlt u~d all tin and wind~ro~m ieuura~cs polici~~ on ~ny of aid buildinps, ~ny int~r~st tMr~in or part th~nof. M tM p~rey+t~ s~m ~fa~said ot
In ~xces~ therwf, sMll contain tM v~wl ~tandud mortga~e cla~i~ w i~ch othK cl~u~ u tM Mat~ages may ~pviq. m+kinp th~ loss vnda wid po~F
cia. ~+ch and ~very. paYabl~ to said MORTGAGEE as ib intere~t may appea?, snd each ~~d ~very tvch policy shall b~ p~omptly ~u:qned and d~tivered to
any held by s+id MORTGAGEE a fwthe~ ieturity to said mor~9ay~ dtbt, sed, not less 1Mn tM (10) dayt in ~dv~ot~ of tM ~xpir~tion of e~ch policy, ro da
IivN to aid MORTGAGEE ~ ne+ewal tMrwf, topNhx with • reuipt for the premiwn of ~uth renewalj +nd tMt~ sfiall b~ ~o fir~ or winditorm ieuur+nc~
pl~ced on any of said buildirgs, any intattt tMr~in or p~?1 tF?~nof, unleu in tM form'a~d with tM lou paY+bb ~s afw~aaidj ~nd tn tM ~v~nt a~y tum
of mon~y becom~s WY+b~~ v^dK sucl~ Policy or polic'°s s+'d ~MORTGAGEE sMll Mw tM option t~ receiw and +pply the saen~ on account ol tM indebted~
n.u secv.ed t~.by w ro p.rmit s~d MORTGAGORS ro rece~w and ~,a~ i~ or aoy part 1F?ereof for othe+ ourposes, without thereb/ waivi~y or impair-
inp ~ny pu;ty, lie~ a riqht ~nde~ ot by virtw of tFtis mort~ays; ~nd in tM ~vent ss~d MORTGAGORS slwll fw any r~sson fail fo keep the s+id premius so
in~ured, or fail lo deliver promptly any of said polities of inturenu to said MORTGAGEE, a fail promptly to pay fully any premium therafp o? 1~ sny
reip~ct fsil to pafocm. discMrgt, ~xecvte, ~tfed, comptett, comply wi~h and ~bid~ by this covenant, a any part Mreof, said MORTGAGEE may place and
paY for such inswancs or any ~n thsreof without watvi~+p a sff~ctirg ~ny optia~, lien. puity. w ri9h1 u~d~? or by vlrtw of this Mwtpapt. and the !
full ~mount of ~ach u~d ewry wch WYms^t sMll be imn?ed'ately dw aod pay~bl~ ~nd shall bear int~rest from ths d~t~ thereof until paid at t}» rat~ of 1
niM psr tenwm pa ~nnum and together with tucA interest sF?~II be tecured by tM lien of this Inortq+p~. ~
1. To p~rn+it, ao~nndt w suffa no waf~. Gapairment a deterioatae+ of said propKty or any p+A the?~of.
S. To p~y sll ~od sinpula tM.cosn, ch+ry~s ~nd ezpenses, includirp a rcasonable attwney's fee snd cosn of abstracts of title, incvrred or psid at
any Yime by said MORTGAGEE, bec+uss w in the tw~?t of the failure on the part of th~ sak! MORTGAGOR ro duly, p?ompNy and fully pe?form, dwcharg~,
me
e:auts, ~ffeN, oompl~te, comply with and ab~de by each and evcry the stipvlatiau, preemenn, conditans, and mvenann of uid prom~ssocy no~e and ~hi:
mortg+ye a~y or ei~her. ~nd sa~d cos~s, charpes +nd expc~ses, e+ch e:~ every, sMll b~ immediately dw ~nd payable: wMNher or ewt there be notKe de~
mand, att~mpt to oolkct a wit pendinp; and tM full amount of exh +nd wery svch paymem ihall be+r interest fran tl~e date thereof until paid ~t the
rare of nine pe~ tentum per annum; ~nd all said cGsts, charyes and expenses incwred or psid, together with such inte~est, sMll b~ aecured by ti+~ lisn of tF~it
A. TMt in the event o` ~ny breach of this MortgsQe a default on ths part of ths MORTGAGOR, w(b) in the event ~ny of ssid sums of money
herei~ referred to be not promptty and fully p~id within thirty (30) days next after the same severally become due and payable, WitFWYt dfmind W 1fOtitl,
ar in the event each ~nd ewry the itipulations, agreern~nts, cond~tior+s snd covensnn of sa~d praniuo?y note and th~s mwtys~e ae~y a either ue no1
~uly, promptly and fully pe?famed, discharged, exetuted, effected, completed,~ ~a++plied with end abided by, then in either or any iuch ~wnt the said ag
yreqst~ wm me++tioned in taid promiuory note the~ rem~ining unpaid. with intersst actrued. u+d all mo~eys secured herebY. shall becom~ dw and pay-
able fathwith, w there~fter, at the option of said MORTGAGEE, ss fvlly snd compktely as if all of the said sums of money were wiginslly st~pulated
to be paid on such day, aeything in said promiuory note w in this Mortgage to the contrsry notwithstanding; snd thereupon or thereafte? at the op~~on of
sa~d MORTGAGEE, without notice w demand, wit at I~w a in equity, therefwe or ttxreafta begun, may be prosecuted as if all moneys securod hereby
had maWred {xior to ib institutan.
7. TINt in the event tFut at the beginning of or st any time pcnding ~oy wit upon this Mwtg~, or to faeclose it, or to ?eform it, or to enforce ;
payment of aey cta'xns he+eunder, said MORTGAGEE shall ~pply to the Court I~aving jurisdrction thereof ia the sppo~ntment of • Receiver, such Court shall
FortFiwith sppoiM a receiver of said mortgaged property all ~nd singulu, i~cludmg all and sirgular the income, profin, issues and rev~rwes from whatever I
wurce derived, exh a~d every of which, it beinp expreuly underatood, is hereby mortgaged as if spetifiully set forth snd destribed in the yranting and
habendvm tlauses hereof, snd such Receiver shall Mve all the b?oad and effective funct~ons and powen in ~nyw~se entrusted by a Court to a Receiver, and
euch appointment shsll be m+de by such Court ~i an admitted equity and a matte? of sbsolute right to said MORTGAGEE, snd without reference to the i
sdequscy w insdequacy of the value of the prbperty mwtgaged w to the whrency w insolvency of said MORTGAGOR a the defendants, and that tuch
rents, profiri, incortrc, iu~es ~nd rtvenues shall be spplied by such Reteivet accordinp to the lim a' equity of said MORTGAGEE ahd the prattite of suth ;
COY?f. i
8. To duly, promptly snd fully paform. dixharge, e:ecute. effect, complete, comply with ~nd ~bide by esch and every the stipulations, sgreemenri. ~
conditions and covenanrs in ssid promissory note and tF?is mortgage set fwrh. _
9. That in ths event the ownenhip of the mortgsged premises, w any part thercof, becomes vested in a penon other than the MORTGAGOR, the ~
MORTGAGEE, in suttessors and auigns, may, without norite to the MORTGAOR, deal with such wtcessor w waeasor in interest with refererxe to this
mortgage and the debt hereby seturtd in the same msnner ss with Nbrtgagw without in any way vitiatinp p discharging the Mortgsgors' liabiliry hero-
under a upon the debr hereby secured. No sale of the premixs hereby mo.tgsged snd no fwbearance on the part of the MORTGAGEE or in iucceuon .
or suigro and no extension of the time fw the payment of the debt hereby secured given by the MORTGAGEE w in tvccesson a ~uigns, sfialt operate i
to rtlease, distMrge, motlify th~nge or affttt ihe original Iiability of the MORTGAGOR herein, either ie whole or in put. :
i
10. It is specifically agreed that time is of the cucnce of this contrm ~nd tFut no waiver of any oblgation here~nder or of the obliysYan se- :
cured hereby shall at a~y time thereafter be held to be a waiver of the terms hereof o~ of the instrumeM tecured htrby. - !
In additan to the fwego:ng monthly payments of print ppl and interest required by the promissoty note secured hereby, mortgagor cgy~~ ts i
and sgrees to mortgagee with csch momhly psyment ao addi+anal sum estimated by mortgagee to be equal to 1/12 of the annual cost e~ follow-
ing: f
A-All real property a a assessed agai~st the above dcscribed real estate.
B-Premiums on fire and windstorm insu ein requ~~ed to ' ~mprovemenri sitvate on the above desvibed premises, ~
C-Premiums on such mortgsge gwnn II from time to time deem fit to csrry on the loan secured hereby.
! Mptgagee ' o time notify mortgagor in writing of the am nd payable hereunder and such sum shall thereupon be due and
~ payabk on due date of the next monthly paymem and exh successive menth thereaNer u' ce s}sall notify mortgagw of a change in svch
amovnt. Such wms shall be applied by mortgagee toward tFx payment of real property taxes, insurance and morigage guaranty insurance
j premiums.
1 IN WITNESS WHEREOF, the said MORTGAGOR has hereunto set his hand and xal the day and yesr first aforssaid.
~ ' ned, Sea livered i~ tht prexnce of:
i
~ •h
E ~Sesq i
~ ~I)
STATE OF FLORIDA ~ ' :
55.
CoUNm OF S t~ Li~ c i r~i i
Befwe me personally appesrcd Clyde Huber ,,,d
TPrPSa F+'~ Huber his wife, to me well known and known ro me to be j
rhe individvals described in ~nd who executed the fwe9oing instrument, and scknowledped befwe me that they executed the ssme for the purpous :
Teresa F. Huber
thereie atpressed. And tM ssid
wife ot the said C~ ~T[iP. Huher , upon s xp~rate and priwt~ i
- examineYwn by me tsken scparate and apa~t from her said husbsnd, atlu+orvledged to and before me that she executed said instrumeM free{y and vol~n-
tarily and wishart ~ryr computsan, constraint, apprehensiony~or fesr of w from her said husband. . ~
~ WITNE55 my hand ~nd officisl seal thi~ Y~ day of 1'~ A D. ~q 68
~
:x
~ Notary blic in a+d for the State of Florida at L+r~e ;
~ Retum To: My ission s~cp'ves: G~ 7~ ~
F~.sr rrodN~~ s~~~~. e. ~ ~w«~ar~w, ~ *{otary ~Wx, State of Ho~ida at Lar9~
- u:ui~t~; ~ kug. 6, 1971
or F~ vK«e- - • ~~1 - t,Ilr Commissan fzpires ~ ~ .
~ fort Pierce. Florida , - ~y wwr~uli Ein ~ -
: . . ~
~ , ~Jv;` ~ ~ i
` ~ ~ ,r~! i
~ ~ o = F~~ AND RFC,p~~ ~ #
~ , : ~J - ST.-kpCte CO ~
~ - ~ - ~c-~f:~, ~.~^~~:.~a.
~ ~eparedb'! - ~ . ~
-fhis instrument P L pssc~ 6 Jr
deral Sav. & oan , 1 5 16
First Fe p~erce 68 ~~',AR 2S PM I:
of fort 0~
J. Collin BOOK171~ P~~E 192
~ By ~:~:.:Lr '-~ix~•s
. : CL~RK C1~CUtT CO~R7 rb
~ ~
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