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HomeMy WebLinkAbout0792 , • d • - To plaa and contimro~sly k~ap on tM buildieg~ raw a M~eafi~r siw~t~ on s~id lu~d and on ~II p~ipnent a+d pKSOnaliy cov~~~d by this mwt~ p~, with ~il prsmi~na ~M~wn psid in full, fin insw~nu in the uswl it~ndard policy fo:..:, in • tum ~pprowd by tM MORTGAGEE, and windsrorm ieawa~ M tM wwl atard~.d pol~cy fam, in • sum ~pprowd by tM M~ORTGAGEE, in wch company a companies u tM MORTGAGEE nuy dinctt ~nd all ffn and windstorm insu?ana polici~s on ~ny of said build~ng~„ any tnes~ss~ ~h.rein w pan thsr.of, in tFr appre9ate awn atonsaid w ~ in ~xass therwf. ~h+ll coMaln th~ uswl standard mortyapN cl~ws a wch otl?K claus~ a th~ Mortyag~e maY roquir~. rtWkinp the loss under uid po1F ciq, ~ad~ ~nd ~wry. paYabb b s+id MORIGAGEE ss in intKest m~y appear. and exA and ~vay s~ch policy ~hall b~ promptty aa:pnsd ~nd dtlivKed to ~ any Mld by Nid MORTGAGEE u fu~lha stcurity to s~id matp~9e debt, and, rat less than teo p0I d+YS to advance of ths acpiration of each policy, to d~- E livK to s+id MORTGAGEE a rMew~l thereof. lopetl+K with a receipt fot the pnmlwn of wd~ -enewalj and ~her~ shall be no fire a windsiam i~u~anc~ ~ plapd on any of w:d buiWirga, ~ny intereat therein w part therooi, unleu in ~he fo~m ~nd wi~h IM bss p+y~bl~ u afor~saidr +~d M tM ~wnt any swn of mwwy b~conKa payaW~ urd~r such policy or policiK s+~d MORTGAGEE shall have tM optron to receive and apply tM same on accouM of th~ i~+debted- ~ nas s~cut~d Iwr~by or q pKmif ssid MORTGAGORS fo reuiw ~nd us~ if p ~~y part thereof '~x oihcr purposes, w:Ihout the~Eb/ waivi~~g w imp~ir- irg any pviry, IiM or righf w+d~~ or by virtw of this mortpaye: and in tM ~ve~t said MORTGAGORS thall for ~ny reason tail to ketp tM aid p?~mites so iniund, or f~il b d~tivN po~r~pty any of wid policies of insurance ro said MORTGAGEE. a fail prc+mptly to p~y fully any premi~m tF~~fw or in ~nr r~spect f~il to p~rtarn, dixhar9s, axecvle, effed, complets, cbmply with ~nd abid~ by thw covenant, o? ~ny pa~t haeof, said MORTGAGEE m~y place +nd paY fw such Imvr~nu w any piH th~reof without waiv&g or ~ffactinp any option, Ikn. ep~ity, or right u~de? or by virtw of this Mort~+y~. and the full amo~~t of t~th and ~wry wch paym~nt shall be imnediatsly due ~nd payabb and shall bear interest fram ths date thereof vntil paid at the rat~ ol nine per ca?tum p~r amum and topetha with wch interest shall be secured by tM lie~ of this matgs~e. 1. To pKmit, canrnit a wffer no wut~, imp~i?ment or deteriwatan of said property w u?y put thereof. S. To pay all and sinpulx ths costs, char~es ~nd expenies, including a reasoaeble attorney i fea and coats of sbstracts of title, incuntd o~ p~id at sny tune by s~id MORTGAGEE, b~cause or in tht event of the failure on the paN of tFw said MORTGAGOR to duly, prompHy ~nd fvlly perform, d~xhu9a, execvt~, ~ffect, aa~Mt~, oomply with uK! abKle by ead~ and every the stipulat~ons, a9reeme~ts, conditioos, and tovenants of said promissory note and this mwtpap~ am? or eitha, and aid costs, chupss and expensei. each ~nd every. shatl be irmnediatefy due snd payable: whether or not thar~ bs not~ce d~ mand, attempt fo collstl w tuit p~nding; and the fvll amount of each and every such pay~neM shaU bea~ interest from the date thereof until p~id at the .ate of nine per ccntum per ~mwm; and sIl said costs, charges a~d expenses incwred or paid. together with suth interest, shall be setu~ed by th~ lien of this mortp~• 6. Th~t (a) in tM ~wm of ~ny breicl~ of this 1Nortysg~ or defsvU on the part of the MORTGAGOR, w(b) in the ever~t ~ny of said wma of money herein r~fer~ed to b~ not promptly and fully paid within thirty (30) days next after the same uvcrally becane due and p~yabk, withow de.nand or notice, or in the ewnt each and every tM stipvlstions, agreements, conditwns and coven~nn of sa~d promiuory note and th~s mortpa9e ~ny p either are no1 iuty, promptly and fully performed, d~scharged, eaecuted, effecred, compkted, complied wi?h and abided Sy, then in either or any such went tM said a~ g?eyat~ wm mentia~ed in taid pranissory note then remaining unpaid, with intc?est accrued. and all moneyi secured herehy, shall beca~e dw and p~y- ab~e forthwith, p thsreafter, ~t the option of sa~d MORTGAGEE, as fully and complefety as if all of the said wms of money v+ero originally stipvlated ro be paid on avd+ day, anylhirg in said promiuory note or in this Mortgage to the contrary notwithstsnding; and thereupa~ w thercafter at tM option of said MORTGAGEE, witlw~t notice or de+na~d, suit at :aw or i~ equiry, therefwe or thereifter beg~n, may be prosecvted as if all ma~eys secured hereby had mafwed prior fo ib inttitution. 7. Thst in tl+~ event that at the beginning of or st aey time pending a~y wit upon this Mortgage, or to faeclose it, or to reform it, a ro enfora payenent of any d~ims hercun~kr, said MORTGAGEE shsll apply to the Court having jurisdiction thereof fw the appointment of • Receiver,_such Court sh~ll fwthwith ~ppoint s receive+ of said mortgaged property al) and singvlar, i~clud~ng all arn! singular ~he income, profits, issues and rew+xres f~om whatsvp wurq derived, exh and every of which, it bein~ expressly unckrstood, is hereby mortgaged as if speti(ically xt forth snd destribed in the pnMing and habend~xn dauses hereof, and such Receiva shall have all the broad and effective functions and powers in anywise e~t~usted by a Courf to ~ Reteivtr, and . such sppointment ~hsll be made by wch Court as +n admined eq~iry and a ms~ter of absolute right to ssid MORTGAGEE, and without refe?er?ce to the adequscy w inxlequacy of the valw of the prop~rty mortgsged or to the solvency a insolvency of said MORTGAGOR a the defenclanri, and that such rents, profits, incwne, iuues and tevenues shall be applied by such Receiver accwdi~ to the lien or equity oi sa:d MORTGAGEE and the practite of wch Court. 8. To dvy, promptly snd fully pe?form, discharge, execute, effect, compkte, comply w~th and abide by euh and every the stipulations„ ayreements, co~d'dio~s ~nd covenann in ssid promiuory note a~d this mortysge set fwth. 9. That in the event the ownership of the mortgaged prem~ses, w any paA thereof, becomes vested in s penon other thsn the MORTGAGOR, tM MORTGAGEE, its succeuors and assigns, msy, without notice to the MORTGAOR, deal with such successor w svccessw in interest with reference to this mort~ape and the debt he~eby sec~red in the same manner u with Mortgagor without in any way vitiating w discharging the Mwt9~9ws' liability hera- ~nder or vpon the debt hereby ucured. No sale of ~he premises hereby mortgaged and no forbearance on the part of the MORTGAGEE or in successors or auigns and +w extension of the time for the payment of the debt hereby secured givm by the MORTGAGE~ w its wcuuors a au~g% •hall operate to release, dixl»r~e, modify change a affect the wiginal lisbility of the MORTGAGOR herein, either in whok or ir~ put. 10. It is specifically agreed that time is of the essence of this cw~tract and that no wsiver of em obl~gatan hereunde? w of ths ob~igstion se- cured hareby shall at any time thereafter be held to be a waiver of the terms hereof or of the instrument secured herby. 1 In additan to the forego:ng rnonthly paymeMS of princ:pal and 'enterest required by the promissory note secured here and sgrees to with each monthly payment an additions) sum estimated by mortgagee to be o t annual cost of the follow- ing: A-All ~eal property taxes levied or auessed against the a res estate. B-Premivms on fire and windstorm insurance as u~red to be carried on ovemenK situate on the above described pnmi~es. ' C-Premiums on such mortgage gua urar,ce as mortgagee shall from time to time deem i fhe loan sec,y~pd__F~areby, : ~ Nbrtgsgee shatl fro ' o time notify mortgagor in writing of the amount due and payabk hereunder snd suc s ~ u~66 b~ dve and payable on the e of the nexf monthly payrt+ent and exh successive month thereafter urtil morigagee shall notify' ~~r.Q~ " in wch ~ amo~n sums shall be applied by mortgagee toward the payment of real property taxes, imurance ptem:ums, a ioetf ~ = : ' • . ~ , N. WITN allIEREOF, the ~aid MORTGAGOR has hereunto set his hand and seal the day ~yTGfint ~ yj . • : j Siyned, and lirered in the presence of: 5 - ~ ~ FILED AND RECORD~; - ~ . ST. LUCIE COUNTY. FL . ~ ~ -z ~,~t:~rs~p - - 1-'75~~'~ A~test • - ~ . =Y ~ . e ~ ~ ~t~ - - - - - - ~ - STATE OF FLORIDA COI~~f - 1 HEREBY CERTIFY, That on this 13th C1~6?~~fCIRCUIT COUFt? ~ch , A.D. 19 69 , before me personally appeared ~bert E. ROSe a~ MaY'Y Rose respnctively President and Secretary , of ~ Westalen Corporation , a Florida Corporation, to me ~ known to be the persons described in and who executed the foregoing instrument, and severally acknowled~ed the exe- ~ uti n thereof to be their free ad and deed as such officers for the uses and rsoses therein mentiorued; :srid that the _ c o P~ Y ~ ~~1~._ ~ affixed thereto the official seal of said oorporation, and the said instrument is the act and q~ ~qq, t ~ WITNESS my hand and official seal at Fort Pierce ~ , said county and sfate. ;~.C1y~ t~ A, • . .r This irtstrume ~ r~ prepared by ,c.~-'c-~-~-~ C_~- ~'~~--~r• Frrst Federal Sav. & Loan Assn. Norary P~b~~c, in and for St a '•.a ~'=~y of Fort Pierce My Commission Expiros: s ~;~9~2 B~ Thosnas A. Driscoll k.e.. a sw~+r. ~~:w.~~r c•-,~.?3'7.Z . ~ ~ii~w - a~~ 17'6 79i ~ ~~t ~ 1~ e..~ .K~~.. . ~'Y` a ~ : . . __s~3'" "i.~_ "YS3~~~. hM~~'4 .i. _ . . .