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HomeMy WebLinkAbout2683' • ~ f L ' ~. To plan and continuously kNp on tM buildups now or hereafter situaN on said lard and on ell equipment and personally covered by this mortg~ age, with ell premiums thereon paid in full, fin insurance in tM uswl startdud policy form, in • sum approved by tM MORTGAGEE. and windstorm inswartce In tM uswl standard policy form, M • sum approved by tM MORTGAGEE. In such company or c~Panies a tM MORTGAGEE may dtredt and all fin and windstorm irnurMtOf polkies on any of said buildings, any Interest therein a part thereof. in tM aggregate sum aforeald or M exdse thereof, sMll contain tM tnual standard mortgagee davse or such otMr douse of tM Mortgagee may requ'ae. mating tM loss under aid pdi- cies, each and every, payable a aid MORTGAGEE a in interest may appeu, and each and every such policy sMll be promptly assigned and delivered to any Mld by aid MORTGAGEE as further saewity ro aid mortgage debt, and, not kss than ten (10) days in advance of the expiration of ead+ polky, ro de• liver ro aid MORTGAGEE a renewal tMreof, togetMr with a receipt for tM premium of such renewal] and there shall be no fire or windstorm insurance placed on any of aid buildings, any interest 1Mrein a part thereof, unlea in tM fornrt and with tM loss payable es aforesaid; and in tM event any sum of molly becomes payable under stxh pdky a polides old MORTGAGEE shall Mw tM option ro receive and apply tM same on account of tM irtdebted• ness secwed Mreby a ro permit old MORTGAGORS ro tepiw and use it or any part thereof fa other purposes, without thereb/ waiving a impair- ing any equity, lien or right under or by vlnw of this mortgagee and in tM event aid MORTGAGORS sMll for any reason fail ro keep tM aid premise w insured, a fail ro deliver promptly any of aid policies of inwranq ro aid MORTGAGEE. a fail promptly to pay fully any premium tMrefor a in any respect fait ro perform, discharge, execute, effect, complete. comply with and abide by thb covenant, a any part Mreof, aid MORTGAGEE may play and P+Y for such inwrann a any part tMreof without wehring or affecting any option, Iles, equity, or right under a by virtue of this Mortgage. and tM full amount of each and every such paymene sMll l» imrnediatsly dw and payabk and shall bear Mterest from tM date thereof until paid at :fn rate of nine per gntum per annum and together with such interest shall be secured by tM lien of this mortgage. 1. To permit, corttertit ar wffer no waste. impakmenf a deterioration of aid property a any pan thereof. S. To pay alt and sirtgula tM costs, dserges and expenses, including a reasonabk attorney's fee and cost of abstracts of title, incurred a paid at any time by aid MORTGAGEE, because or in 1M event of tM failwe on tM pan of tM old MORTGAGOR ro duly, promptly and fully perform, discMrge~ execute. effect, compkts comply with and abide by each and every tM stipubtans, agreements, conditions, and covenant of aid promissory note and this mortgage any or either. and aid costs, charges and expenas, each and every, shall be immediately dw and psyabk; whetMr a rat there be natiq de• mend, attempt ro rbllctt a wH pertdirg~ and tM full amount of each and awry such payment shall bear interest from tM date thereof until geld at the rate of nirt~ per centum per annum; and all said costs. charges and expenses insured or Qaid, together with such interest, shall be secured by tM lien of this morsgag~ Q. TMt (a) M tM~event of any breach of this Mortgage a default on the pan of tM-MORTGAGOR, a (b) in tM event any of aid sums of money herein referred ro be rat promptly and fully paid within thirty f30) days next after tM ame averafly become dw and payabk, without demand a noYrp, a W in tM evem each and every tM stipv-lations, agreements. conditions and covenants of aid promissory rate and this mortgage any a either are not ivly, promptly and fully performed. discharged, executed, effected, completed, complied with and abided fir, than in either a any such event tM aid ag• gregate sum mentioned in aid promissory note then remaining unpaid, with interest accrued, and all moneys secured hereby, sMll become dw acct pay able forthwith, a thereafter, at tM ogler of aid MORTGAGEE, as fully and completely as if all of tM aid wms of money wcn originally stipubted to be paid on sud- day, anything in aid promissory note a in this Mortgage to 1M contrary notwithstanding; and thereupon a thereafter at tM option of said MORTGAGEE, without ratite a demand, wit at law or in equity, therefore a thereafter begun, may be prosecuted as if all ma+sys secured hereby had matured gran ro it irutitution. 7. That in tM event that at tM beginning of a at any time pending any wit upon this Mortgage, a ro foreclose it, a ro reform it, a ro enforce payment of any clairhs hereunder. aid MORTGAGEE sMll apply ro tM Court Mving ivrisdiction thereof fa tM appointment of a Receiver, such Court sMll forthwith appoint a receiver of said mortgaged property all and iugular, including all and singular the income, profits; issues and revenues from whatever sowcs derived, each and every of which, it being expressly understood, is hereby mortgaged as if specifically set forth and dewibed ir! tM granting and habendum davses hereof, and such Receiver shall Mve all tM toad and effective functions and powers in anywise entrusted by a Court ro a Receiver, and such appointment shall be made by such Court as an admitted equity and a matter of absolute right to aid MORTGAGEE, and without reference ro tM edequagr a inadequacy of the valor of tM property mortgaged a to tM sotventy a insolvencyy of aid MORTGAGOR a the defendant, and that such rents, profit, income, issues and revenues shall be applied by such Receiver according Io tM Ikn a equity of aid MORTGAGEE and tM practice of such Court. 8. To duly, promptly and fully perform, discharge, execute, effect, complete, comply with and abide by each and every tM stipulations„ agreement, conditions and covenants in aid promissory note and this mortgage at forth. 9. That in tM event the ownership of tM mortgaged premises. a any pan thereof, becomes vested in a person other tMn tM MORTGAGOR, 1M MORTGAGEE, it successors and assignee, may, withow notice to 1M MORTGAOR, deal with such successor a successor in interest with reference ro this mortgage and the debt hereby secured in tM same roamer as with Mestgaga without in any way vitiating a discharging 1M Mortgagors' liability feere• under a upon the debt hereby secured. No ak of tM premises hereby mortgaged end no forbearance on tM pan of the MORTGAGEE a its successor or assignee and no extension of the time fa tM payment of the debt hereby secured given by tM MORTGAGEE a it successors a assigns, shall operate to rekaa, discharge, modify change aaffect /M original liability of tM MORTGAGOR Mrein, either in whok a in pan. 10. It b specifically agreed that time is of tM essence of this contract and that no waiver of any obligation her~te~er_~br of tlr obligation se• cured hereby shall at an time thereafter be Mld to be a waiver of tM terms hereof a of tM instrument secured herby. -`-=•' ~eeeee,,, 11. In addition to the foregoing monthly payment of principal and interest required by the promissory rate recur and agrees to pay ro mortgagee with each monthly payment an additional wm estimated by mortgagee to be equal to 1/12 ing: A-All real property taxes kvied a assessed against tM shove described real estate. ;~ B-Premiums on fire and windstorm imurance as herein required to be carried on the improvement situate on theta C--f remiums on such mortgage guaranty insurance as mortgagee shall from time to time deem fit to carry on ihs_' Mortgagee shall from time to time notify mortgages in writing of tM amount due and payable hereunder and sue$ payable on the dw date of tM next monthly payment end each successive month thereafter ur<til neortgsgee shall reotift amount. Such sums shall be applied by mortgagee toward tM payment of real property taxes, irewrante premiums, an remiums `rte • -- ~..~. =.. _ ;~ ~~.i. ~. tusKt s !f ais4va~v~:adue ~ ind p IN WRNESS WHEREOF, tfee old MORTGAGOR has hereunto set his hand and seal tM day and y f' t aforetiid. Sea a del- in tM prasente ofr FILED AND RECOROE©' ICBLnt. f~rD ., _ ST, LUCIE COUNTY. FLT ~ y , RcCORD VERIFIED 18354 STATE OF FLORIDA I HEREBY CERTIFY, .~ ~l'I -. tt..lt - - - --- - - -- -- - - - -- --- -- - - _----- - --fig--SEA 1~- ~f f f: I ~ - - - - Cpu p~ ST. LUCIE ROG~~ POITRAS ~ 69 , That on this Ifa~tRCUJT COWiT~~t~= A.D. 19 before me personally appeared KilllY Ha-11 ~. respeelivs{q =~ President awd• ~artriat~jr• , of KBILY (nNS?Rix?mN t~I~PANY a Rlolida Corporation, to me known to be the persort~ described in and who executed the foregoing instrument, and ~vorally.acknowledged the exe- cution thereof to be free ad and deed as such officers for the uses and pursoses therein mentioned; and that ~Iter affixed thereto the official seal of said corporation, and the said instrument is the act and deed of said corporation. WITNESS my hand and official seal at Fort Pierce - said county and state. This instrtusi~nt pzflepasad by ,.• ~ _~ :e --, ._ Joha W. Collins : •'~~, _ , . . First Rs+df~sal Savings and Loan ~ ~,'~ ,.:4ttd for State and County aforesaid. Association of Rost IPifflrcfs, >Erlosida • a;:~. :~. ~, ~,. t to M `` ~ %~ : ~' ` i Notary Pt~Gc, Shtte,of.~Honda :t large ....-_...._. ~ ~ y-.~ ~~~ r :. -- - ~ GaRaass+on Eicpires Attn. 6. 19A >:{~: =- ~. ~:;=Q~„„„~~: c~ - fladll/f11IMtiMalirft,S~tes Checked By .~ _ '~,o~; •: ; ~„~ ,;~ ~ p~~~ ;.` r~ - _ _~ ~- ~ g oK179 ~~268~ ' - ~' ~-. - -Y~~.