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HomeMy WebLinkAbout1122 ' 1 ` i To plaa and ca+t~nuously ktep on 1ht buildinys now a hsreafta ~itwt~ on ~~id land +nd on +II equipm~nt ~nd perwnally covaed by this mat~ sp~, with ~I) pr~miums ~hereon paid in fult, f~re ~nsu~ance in the usual i~u+dard policy fwm, i~ • sum ~pprored by Ihe MOQTGAGEE, and windilam ~nsur~~?c~ tn tM uiv~l irandard pol~q fam, i~ s sum ~pprov~d by ~M MORIGAGEE, i~ iuch company o~ companies u ths MORTGAGEE may di~ttt= and ell fG~ and windstorm insur~nce poticies on a~y of iaid Iwild~n~s, any i~ter~s~ therein w pan thcreof, i~ the ay9reyate tum ~to?~said o~ in ~xtaf thereof, ihall cont~in ths utwi standard ~~artga9ee tlsus~ w tuch other tlauss ~s 1M Mat9aga~ may roquire. maMinp the tou v~de~ wid po!} cie~, e~ch ~od every. paYable ro said MORTGAGEE a~ ~n imerest may appear. and each and wcry s~ch policy ~hall be promptly au:yned and delivered to •ny held by s~id MORTGAGEE as funher security to said matpags deb~, snd, ~ot leu than ten (10) days in sdvance of ~M expiratio~ of each poliq, to da livsr to said MORTGAGEE • renQwal thereof, toge~k.. with a receipt fw fhe premium of such re~ewal; and there shall be no fire or windstwm i~+surance ~ p~~csd on ~ny of s~id bvildings, any intere3t tMrein w p~rt thereof, unleu in the iorm and with 1ha loss payable ~s aforesaid; ~nd ie tl» ~vtnt any sum of nwney becomes payabls under such potiq or rolici~s s~id MORTGAGEE shall have the option to receive and appty tha same on accov~t of the indebtcd neu secvrfd hereby w b permit said MORIGAGORS to reteive +nd uss it p any part thereof for other purposes, witho~t th~reb~ waiving or ~mpair• ~ iny any equity. li~n or right under or by virtue of this mor!9age; and i~ the event sa~d MORTGAGORS shall fa any reason fail to keep the said premius so ~ insu~ed, M fail !o delive~ promptly ~ny of said politics ot insur~nce ro said MGRTGAGEf, or fai! promptly to pay tully any premium therefpr w in any ~ respect fail w perfwm, discharge, execute, effed, complete, comply with and ~bide by this covenaM, or any part hereof, said MORTGAGEE rrwy place and paY iw such inswanc~ ot any part thtreof withoul waiviny or ~fiecting any option. lien, equity, or right under a by virtue of this MortgaQe, and the fulf amounr of sach a~d tvtry iuch p~yment sha~; immediately due and payable and shall bear interes~ from ths date thereof until paid at ths rate ol ! n~ne per centum pK annum and together with svch inrerest shali be secured by the lien of this mortgsge. 4. To pamit, commit or svffer no waste, impairment o~ deterioration of said property w s~y psA Ihereof. S. To p~y ~I) and sinpular the costs, cn~ryes and expenaes, incl~eding s resso~able aftwney i fee and wsrs of absrract: of titls, inc~~aed or paid af any time by sa+d MORTGAGEE, betavse w i~ t1u svent of ~he failure on the pa?t of the said MORTGAGOR to duly, promptly ~nd fvlly perform, dixharge, ezeevts, effett, complete, comply with and ab:de by each and every the ~tipula~ions, agreements, conditions, and covenants oi said promisswy note +nd this mor~gape sny a ei~her, and sa;d cosn, tharges and expenses, each and every, slwll be immediately dve and paysble; whe~her a ~ot there be notice da mand, ~ttempt fo collecf p suit pending; and the full amount of esch and every such payment shall bea~ interest from the date thereof until p~id at the rate of ~ine per centum per annum; and all saic costs, charges and expensea inc~rred or paid, together w~th such interest, shsH be utured bY !he lien o( tba mwtya~e. b. Thaf (s) in the event of an breach of this 1Nort e or deFault on tF,e ; y gag part of the MORTGAGOR, or (b) i~ the event any of said svms of money herein referred to be not promptly and fully paid w~thin thirty (30) days next after the same severally become due and payabte, without demand w notice. or (c) in the event each and every the stipularions, agrerments, conditions and covenants of sa~d promissory note and th~s mortyage sny or either are nof - iuly, promptly and fully performed, diuharged, exetuted, effetted, tompleted, complied w;th and abided Sy, then i~ eithet or any such event ths qid s¢ gregate sum mentaned in said promissory note the~ remaining unpa~d, with interest accrued, and all moneys secwed F?ereby, shall become due and p~y- able forthwith, w thereafta, at the option of said in~RTGAGEE, as f~lly and canpletely as if all of the said sums of money were originally ttipulated to be paid on such day, anything in said prom~ssory note or in this Mortgage to the contrary notwithstanding; and therevpon or thereafter al ehe option of said MORTGAGfE, wirhout rwtice or demand, suit at law or ie equity, therefwe or thereafter begun, rt?ay be prosecuted as if all moneys secured heteby had ~~„«a ~o ;~,~~~„~;o,,. AND RECOROED' 7. That in the event that at the begi~ning of or at any time pending any sui F~~ ~ f ~ it, w to refwm it, or to enforce payment of any claims hereunder, said MORTGAGEE sbal! apply to the Court having k ,1~~~ e~~~~, intmenl of a Receiva. such Court shall forthwith appoint a receiver of said mortgaget; ~,;ooerty all and singular, includ~ng all a rxo ~ts, isiues and revenucs from whatever source derived, each and every of which, it be:~.~ expressly u~ders~ood, is hereby mort t fath and described in the granting a~d habendum clavses hereof, and such Receiver shatl have all 1he broad and effeceive funct:ons n aoywise emrusted by a Court to a Receive~, and ' such appoir.tr.~ent shall be made by svch Court as an ad:nitted equity and a matt ab r t E, and without refererxe to the a adequacy a inadeqvacy of the value of the, paoperty mortgaged or to the so~ve~r i~~~~~ s~O~A~p the defendants, and ~hat such cants, profiri, incorne, iuues and revenuea shall be applied by such Receiver ac ng o t ~~~N~~ yid MORTGAGEE and the practice of such Court. J 8. To duly, promptly and fuHy perform, discharqe, execute, effect, complete, comply yv ~}.~a aod erery fhe stipulations, agreements, conditans :nd cove~ants in sa~d promisswy note and this mortgage set forth. jt~~%~-T~ ~~~R~ ~ ~~~~IF~C~lT COURT` ~ 9. Thst in the event the ownership of the mo?tgaged premises, or a~y part t es s ed in a perwn other thsn the MORTGAGOR, the A10RTGAGEE, iri succeuors and sssigns, may, without ~otice to the MQRTGAOR, deal wrth sexh successor or successor in inleres! with reference to this mortgage and the debt hereby secured in the same manner as with Mortgagor without in any way vitiating or diuharging the Mortgago~s' liability hera under w ~pon the debt hereby sxured. No sale of the premises hereby mortgaged and no forbearance on Ihe pan of tF~e MORTGAGEE w its s~ctessors or augru and no extension of the rime for the payment of the debt hereby sec~red given by the MpRTGAGE~ or its svccessors or auigns, shall op~rate ?o release, d~xharge, modify change w affect the original liabil~ty of ~he MORTGAGOR herein, either in whole or in part, 10. ft ia specifically agreed that time is of the essence of thls co~trad and that no waiver of any obUgation hereunder or of the obtiyation se- cured hereby shaU at any fime the~eafrer be held to be a waiver of the terms hereof w of the instrumem secured herby. 11. In add~t;o~ ro ihe faego"ng monthly paym>nts of princ'pal and interest required by the pram~ssory note secured hereby, mortgagor cove~ants and agrees to pay to mortgagee with each monthly payrnent an add~rional sum estimated by mwtgagee to be eq~al to 1~ 12 of the annual cost of the follow- ing: A-Ali real properry taxes levied w assessed agaensr the abave described real estate. B-Premiums on fire and windstorm insurance as herein requ~red to be tarried on the improveme~ts situate on the above descrifood premises_ C-Premiums on such mwtgage guaranty insurar~ce as mortgagee shall fiom t~me to time deem fit to carry on the loan secured hereby. Mortgagee sfiail from time to time notefy mortgagor in writing of the amount due and payable hereunder and such sum shall thereupon be due and Fayable on the d~e dare of the next monthfy payment and each successive month thereafter ur,til mortgagee shall notify mortgagor of a thange in wch amount. $uch sums sF.all be applied 'oy mortgagee toward the payment of real property taxes, insurance prem:ums, and mortgaye gwranty insur~nce p~emiums. ~ IN WITNESS VYHEREOF, the sald MORTGAGOR has hereunto ut his hand and seal ahe day and ear first aforesaid_ Sea~ed liv n the presence of: D ? R NDUS S~, INC ~ RY: , ' ic ar A, lan g , e si ~~n ATTEST : - '~'n - - - - - - - - - _ _ _ _ _ - - ice ~ F niga , Seczetary ~n - STATE OF FLORIDA COUNTY OF ST. tUCIE 1 HEREBY CERTIFY, That on this c~~._day of June , A.D. 19 69 before me personatly appeared Richard A. clanigan e~ Alice J. Flanigan respectively as President and Seuetary , of D A~iD R ININJSTRIES, INC., Flozida . a Corporation, to me known to be the persons desc~ibed in and who executed the foregoing instrument, and severally acknowledged the exe cution thereof to be their f~ee ad and deed as such officers for the uses and purposes iherein mentioned; and that they ~ affixed thereto the official seal of said tcrporation, and the said i~strument is the act and deed of said corporation. WITNESS my hand and official seal at Fort Pierce , said ooun nd state. This Tnstrument Prepared By .Iohn W, Collins, First Federal Savings ~ ~ Loan Association of Fozt Pierce, _;~~f~ty Pu iri nd for State and County aforesaid. Florida JIAYfZommiuion Expuss: ~ 7~ _ Nota~r Stak ol florid~ it l~qe - c~~~ E~ 6. ~9n . . _ . _ _ ~«M~ M ~r~ ~ t+wr t~ Checked By ,8~ . - , ~ i . ` a°oox ~ - - _ _ ~ .