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HomeMy WebLinkAbout1761 , 3. To pl~q ~nd continuously k~ep on tFa bui!dinys now w M~eafta aitwt~ on iaid land and on all equipment ~nd p~rwnatly covered by thit mort~ ~ aye, with •11 premiums ~hereon pa~d ie+ full, fire insurancs i~ the usual itandard polKy form, in a sum approved by the MORTGAGEE, and winditorm insvrar~ce irt the usual srandard pol;cy fam„ in s sum approved by the MORTGAGEE, in iuch compsnY or companies as tM MORTGAGEE may ~ dirtctj and all fire and windstorm insurance policies on ~ny of iaid build:nps, any interest the~ein or part thereof, in ~he ayg~eqate svm afw~taid or in exteu lhereof, shall cor~tai~ the ~sual standsrd mwtgagee clause or ~uch other clauss as IM Mortgagee may reqvus, maMinp the Ioss u~ sa~d poli~ ~ cies, each and every, payable ro said MORTGAGEE as its inlerett may appear, and each and every svch poticy shatt be promptly as::gned and delivered to t any heW by said MORTGAGEE as iurther tecurity to uid mortgage debt, and, not less Ihan ~e~ (10) days in advance of the expirat~on of each polity, fo dr livs~ to said MQRTGAGEE a rcnewal thereof, to9ether with a rrceipt tor the premium of ~uch•renewal; and there shall be no f~rs or windstorm iniurae~ce plated on any of said buildi~gs, any interest therein a part 1he~eof, unless in the form and with the lou payabte as aforesaid; a~+d in tl+e event any :vm ! of money becumes payable undtr such policy or policies sa;d MORTGAGEE shall have ~he opt~on to receive and apply the same on account of the indebted- neu seCUred heteby w f0 permil said MORTGAGORS fo receive end us! It p any parl thereof for othcr purposes, ~vi~hovl ~h~riu/ waivin~ or unpair- ir+y a~y equity, lien w rght under w by virtus of this morsyage; and in ~he event said MORTGAGORS shal! for any ~easo~ fai) to keep the ~aid premises w insvred, p fail fo deliver p~omptly any of said policies of insurante to said IV~ORTGAGEE, w fail promptly to pay fully any pre~nium therefw w in any resped iail to parfam, discharge, execute, ~ffec~, complete, comply with and abide by this covenan~, or a~y pa.~ hrreof, said MORTGAGEE may place and pay fo~ suth insurance or any parf the~eof withovt waivinp a affecting a~y option, lien, eq~ity, or right undcr or by virtw of Ihis Mortgage, ~nd the full amount of each and every such paymenl shall be immediately due and payable and shall bea? interest from the date the~eof until paid at the rate ot ~ nine per certum per annum and to~ether with such interest shalf be secured by the lien of th+s mortgage. ~ i To petmit, commit o~ sufier no wa~te, impairme~f ot detereoraiio~ of said p~operty or sny part the~eof. 5. To pay a!1 and singulu the cosN, tM~ges and expenses, including a reasonable attwney i fee and costs of abstracts of title, incur~ed w paid at any time by said MORTGAG:E, because or in the eve~t of the failure on the part of ~he said MORTGAGOR to duly, promptly a~+d fully p~vfwm, dixharge, execute, effect, complete, comply with and ab:de by each and every the stipulations, agreemeMS, cond~tions, and covenants oi said promiswry nofe and this mwtgage any a either, and sa~d costs, charges and cxpenses, each and every, shall be immed~ately due and payable; whether w not there be notice dr mand, attempt fo collect or suit pending; and the full amount of each and every such payment shati bear interest from the date thereof unti! paid st ihe i rare o1 nine per centum per an,ium; and all said costs, charges and expenses intvrred or paid, together w~th such i~~crest, iF?all tx setured by the lien of thi~ ~ mortgage. 6. That (a) in the event of any breach of this Mortgage or defsult on the part uf the MORTGAGOR, or (b) in the event any of said sums of money herein referred to be not promprly and fully paid withen lhirty (30) days next after Ihe same severa3ly become due and payable, without demand w notite, or (c) in the event each and every the sNpulations, agreements, conditions and covenants of sa~d promissory note and th~s mortgage any u either are not ~uly, promptly and fully perfwmed, d~uharged, executed, efiected, canpieted, compl~ed wirh and abided `ay, then in e~ther w any such event the said ag gregate svm mentioned in said promisso?y note then remaining unpaid, with interest accrued, and a11 moneys setured hereby, shali become due and pay- able forthwith, a thereafter, at the option of said MORTGAGEE, as f~11y ar.d c~mpletely as ii all of the said sums of money were orginally stipulsted ro be paid on suth day, anrthing in sa~d paomisswy note or in this Mortgage to the contrary notwithstanding; and ~hereupon or thereafter a1 the op~ion of said MORTGAGEE, without notice o~ demand, suit at law or in equity, therefwe or thereaiter beyun, may be prosecuted as if all moneys secured hereby had maWred pr~or ro its institution_ - 7. That in the event that at tM beginning of or at any time pending any sult upon this Mortgage, or to forecbse it, w to reform it, or fo enforce payment of any tlaims hereunaer, said MORTGAGEE shall apply to tF~e Court having jurisdittipn thcreof tor the appointment of a Receiver, svth Co~rl shall forthwith appoint a receiver of said mortgaged prooerty atl and singutar, intiud~ng all and singular the income, p?olits, iuues and revenues f?om whatever source derived, each and every of which, it be~r~g expreasly understood, is hereby mortgaged as if spec~(ically set iorth and described in the granting and habendum clauxs hereof, and such Rece~ver shall have all the kuoad and effective funcnons and powers io anyw~se entrosted by a Court to s Receiver, and ! s~ch appointme~r sAall be made by such Cou~t as an admitted equity and a matter of abso?ute right to said MORiGAGEE, and wishout reference to tha adequacy a inadequacy of the vatue of the properry morfgaged w to the so~vency w insolvency of said MORTGAvOR o~ the defendants, and that svch rents, profits, income, issues and revenues sF~al( be apptied by such Qeceiver accordirtg ro fhe lien w equity of said MORTGAGfE and fhe practite of such Court. - 8. To duly, promptly and tully pe?fwm, diuharge, execute, ef(ect, complete, comply wilh and abide by each and every iF.e afipulations, agreem~nts, conditana and covenants in sa~d promissory note and this mortgage set forth. 9. That in the event tFie ownership of ihe mortgaged premi:es, a any part thereof, becornes vested in a person other than !he MORTGAGOR, the ~ h10RTGAGEE, its succeuws and assigns, msy, without notice to the MORTGAOR, deal with such succeuw or successor in interest with referpnce fo thii ' mortgage and the deot hereby sec~red in the same manner as with Mortgagor without in any way vitiating o? d~xhargin~ the 14brtgagors' tiability hera ur.der or upa~ the debr hereby secured. No sale of the Fremises hereby mortgaged and no lorbearance on the parl oi the MORTGAGEE or its successws or assigns and no extension of the time for the payment of the debt hereby secured given by the MORTGAGE~ or its successors w assigns, shall operate ; ro release, d~xharge, mod~fy change or affect the originat liab;fity of the MORiGAGOR herein, either i~ whole w in pait. ! 10. it is spec~fically agreed that time is of the essence of this comratt and that na waiver oi any obfigation hereunder or of the obl'gation sc cured hereby shall at any time thereafter be held to be a waiver of the terms hereof or of the instrument secured he~by. addnio~ to the forego:ng monthly paymems of princ'pal and imerest required by the promissary nore secured hereby, mort and agrees to pay to each mo~thty payrnent an addirional sum est'rmated by mortgagee to be equal t ' annua~ cost of the follow- ing: ~ A-All real property taxes levied w assessed agrinst the above estate. ~ B-Premiums o~ fire and windstorm insurance as herein ' to be carried on the ~ sit~ate on the above d~stribed premises. ~ ~ C-Prerniums on such mortgage guarant ' ~ce as mortgagee shaN from t~me to time deem fit to ca?ry ~ured hereby. Mwtgagee sha!1 from time t ' notify mortgagor i~ writing of the amount due and payable hereundrr and such sum sha n be due and payable on the due da e next monthly payment and each successive mo~th thereafter ur.til mortgagee shall notify mortgagw of a tha ' such ~ am,~nt. shait be applied by mortgagee foward tF?e payment of real propeity taxes, insurarxe prem:vms, a~xl mortgage guaranty insura pr . IN W11NES5 YIHER~Of, rhe said MORTGAGOR has hereunto set his hand and seal the day and year first aforesaid. Signed, Seated and delivered in the presence of: ~ a ` , 4 t cL-- ~ STATE Of fLORIDA ~ . couNn oF St. Lucie i Befwe me personally appeared H1a ter J. Nickerson dIiC2 DOI~,na M Nic~ltar~on ~ h1S Wife ~ : Frank2in Harris and Valerie v xarris his wi/e, to me well known and known to me to bs the individwb desuibed in and who exec~ted the foregoing instrument, and adcnowledged before me that tFxy executed tiie same for tFx pvrposes rhe.e~n exp.~srd. And the ss~ ~nna M. NiCkelsOl'1~ wife Of the sald Wa?1teZ J Ni 1~arcnn~ ~nd ~'~0~~~°"~ • ~ opon a xpa~afe snd p~ivate ' examinatwn by me taken separate and apart from id husbandgeckrwwledged~ b and before me tt?a1 tfieskxecuted said instnrment treely and volurt~ ~ rarily and without any campulsion, cautraim, apprehension, or fear of or froml~~e3taid Fwsban~. WITNESS my hand and official seal this ~~x' day of F~b~ A. D. 19~l~ FILEO AND RECORDE Notary Pu and for the Stats of fbrida .r u~se Return To: $T.,1k1C1E COUNTY. F . My Com uion expires: ~9 7/ Fint Feden) Tavings 3 loan Association P' F^ v~ 2~' F ~ ,~~~:,.~:i~. Of Fort Pierce. ~ ~ Np{,ry ~j(, gV~! 0~ ~Ofldi it ~ Fwt Pierce. Ftwida 1'~4416 - n ~ ~ • • ..~qasqp `~a 6 1971 : '69 fEB 3 AM I I: I 8 '~y ~..~.~.d.,,,..~.~~.•~~. ~ f ~ - `r: ~ P v ~ ! ~ a ~J ~ This Instrument P~epared By ~U~c .?O1TRAS =f ; p„ ~ F i r s t F e d e r a l S a v i n g s & l o a n A s s o c i a ~ i o of Fort Pierce ~LERK CtRCt1lT COUR Y s'-~~ : . : . ~ . . ; • . s' ~ Checked By John W. Collins ~ ? BooK175 ~A~1758 ; ! , ~ ~ ~ ~ ~ r I - - - _ _ _ ~ _ _ ~ ~ . _ .