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HomeMy WebLinkAbout1525 3. To pl~c~ and contin~ou~ly keep on the buildinyf now a her~aftK ~itwt~ on s~id I~nd and on sll equipment and perwnally covered by th:s ma~¢ sg~, with ~II premiuma thereon pa~d in ftrll, fire insurance in ths usual stendard polity iwm, in ~ sum approved by the MORiGAGEE, and windttam insurance i~ tM usual ~tandard pol~cy torm, in • sum ~pproved by tM MORTGAGEE, in such company or companles as ~M MORTGAGEE may ? - _ r c. _ _ .ia,e.~s.~ t.. dinttp and all firs and windstorm insurante policie~ on a~y of said buiid~np~, any interest therein or - In exctsi ~heraof, iMll contain the uswl itandard matgagaa ciause or such otF~ tlaus~ u th~ Matga9ee may rcquiro, makinq the loss vnder sa~d poli~ cies, tach and every, p+yable ro said MORTGAGEE as its inte~est may appe+r. +~d each and every such policy shall be promptly ass:gned and detivered ~o any hsld by uid MORTGAGEE ai furthe~ security to said mor~ya9e debL and, not ku tMn ten (10) days in advanca of the expiratio~ of each policy, to dr li+e? to said MORTGAGEE a rtnewsl thereof, to9etht~ with a reteipt fw the premium of such renewal; and there thall be no fire or windstam insur~nt~ pl~c~d on ~ny of sa~~ buildings, any interest tt+erein or part thereof, v~leu in tM form and with the lou paYable as afaesaid; and in the event any sum of monsy becoma p+Y+bte unde~ such polity or policies said MORTGAGEE sAall have tM option ro reGeive and apply the same a? accovnt oi tha indebted- ness secured he?eby o~ ro pe~mil said MORTGAGORS fo rKeive ~nd use it a any part thereof fw othcr purposes, w~~ho~t !h~rio~ waivi:y or ~~npair- irg any p~ity, lien or right u~de~ or by virtw of this mo:sgage; +nd in tM event is~d MORTGAGORS shall fw any reason fail to keep the sa~d premiies w insured, w fail to detiver promptly any of ssid policies of insurance to said MORTGAGEE, a fail promptly to pay fully any prem~vm therefw w in any respett iail b pertwm. diuha~ge, exec~ta, effed, complete, comply with and abids by this covenant, a any part hereof, said MORTGAGEf m~y place and paY fa tuth insuranc~ w ~ny part thereof without w~iviny ot affettinp any option, lien, equity. o? righl undei a by virtue of this Ma?gage. ~nd the full amou~~ of cach ~nd every iuch payment shall be immediately dus and payabts and ~hall bear interest from ths date thereof un?il paid at the rate oi n~ne per centum pe~ annum and together with such interest shall be sacured by the lien of this mat9age. ' 1. To pe~mit, commit w suffer no waste, tmpairment w dete~ioration of said property o? ~ny part thereof. 5. To pay all ~nd singulu the coats, clu~es and expenses, includiny s reasonable a»wney's fee and costs of abstrads of tiNe, incur.ed or paid at any time by said MORTGAGEE, becaux o~ in tF+e event of the failure on the part of ~he said MORTGAGOR to duly, promptly snd fully perform, d~uharge. execute, effed, complete, compty with and ab~de by each and every the stipulatans, agreenxnts, conditions, and covenants of said promissory note and ~Ali ? mortgage any or either, and said costs, charges and expenxs, e:t~~ a.ery•, shall be immediately due and payabfe; whether or not the~e be noiice d~ mand, attempt to m~lect or suit ptnding; snd tM full amount oF each and every such paymeM shaN bear iNerest from the date thereof until paid at the rare of nine per czntum per annum; and all said cosn, char9es a~d expensei inc~rred w paid, together with such iNerest, shall tx secu~ed by the lien of thi~ mOft~i~f. s. Tha1 (a) in the eveM of any brexh of this Mo?tgage w default on the part of tFx MORTGAGOR, w~b) in the event any of wtd swns of money herein refe~~ed to be not promptly and fully paid within thirty (30) days ~ext afte? the same severally betome due and payable, withouf dema~d w notite, or (c) io the evem each and every the itipulaYwos, sgrecmenta, cond~tiona and coven~nts o( satd promiuory ~ote and th~s mortgage any w either are not ~ iuly, promptly snd fully performed, d~scharged, execured, effected, tompleted, canplied with and abided Sy, tlxn in ei~her ot any ivch event the said ag gregate wm mentioned in said promiswry note then remaining unpaid, with interest accrved, and aIl mo~eys secured FKreby, thall beco+ne dve and pay- able fwthwith, w thereafter, at the option of said MORTGAGEE, as fully snd completely as if all of the sa~d sums of money were orginally stiputated to be paid on such day, anything in sa~d promiuwy note or i~ this Mortgage to the ton~rary notwithstanding; and thereupon w thereafter a~ the opt~on of said MORTGAGEE, without notice w demand, wit at ~aw w in equity, thcrefwe or thereaiter begun, may be prosecuted as if all moneys secured hereby had matured prwr to its imtitution. 7. That in the event that at the beginning of or at any time pending any wit upon this Mortgage, or fo foreclox it, or to refwm it, w to enforce payment of any claims he~eunder, said MORTGAGEE shall apply to the Coun Mring jurisdKSion thr~eof for tFx appointment of a Receiver, such Court shall i forthwith appoint a receiver of said mortgaged prooerty all and singular, inclvd~ng all and sirgulsr the income, profits, issues and revenves (rom whatevcr source derired. ~ach and every of wh~ch, it being txpreuly understood, is hercby rtw?tgaged u if spec~~ically set fath and described in the granting and • habendum ciauses hereof, and such Receiver shall hsve all the broad and effeqive funct~ons and powtrs io anywise entrusted by a Court to a Receiver, and ~ such appointment shall be msde by such Court as sn admitted cquity and a matte~ of absolute right fo said MORTGAGEE, snd without reference to the adequacy a inadequacy oi the valve of fhe ~operty mwtgaged or ro the wwency w insolvency oi said MORiGAGOR a the defendants, and that such .ents, profit:, income, iuues and revenues shall be applied by such Receiver according to the lien w equity of said MORTGAGfE and the practice of such CouA. 8. To duly, promptly and fu~ly perform, diuharge, execute, effect, mrrplete, comply with and abide by each and every the stipvlations, agreements, condit'arn and covenams in said promiuory rate and fhis mortgsge set fwtF~ 9_ That i~ the event the ownership of the mortgaged prcmises, w any pa~t thereof, becomes vested in a person other than the MORTGAGOR, the MORTGAGEE, iri succeuas and assigns, may, without notice to the MORTGAOR, deal wi~h such succcssor w successo? in interest with reference to this mortgage and the debt hereby secu~ed in the same manner as with Mortgagw without in any way vit~ating a d~uharging the Mortgagors' liability hero- under or upon tlx debt hereby secured. No ssle of the pren:is-s #+acpby mwtgaged and no iorbearance on the part of the MORTGAGEE a its successors or assigns and no extension ot tF+e time fw tF+e payment of tbe debt I~ereby securcd given by 1F?e MORTGAGE~ or its successors or assigns, atwif operate to releax, d~scharge, modlfy cha~ge or affect the original liab~lity of the MORTGAGOR herein, either in whole w in part. f 10. It is speufically agreed that time is of the essence of this contrad and that no waiver of any obligation hereunder or of the obligaYan se- cured hereby shal! at any time thereafter be held to be s waiver oF the terms hereof w of the instrument sec~red herby. 11. In add~tio~ to the forego:ng monthly payments of princ"pal and interest required by the promissory nore secured hereby, mortgagw covenanfs and agrees to pay to mortgagee vvith each monthly payrnent an add~rional sum est~mated by mortgagee to be equal to 1/12 of the annual cost of the follow- A-All real property taxes levied w assessed against the above desu~bed real estate. B-Prem;ums on fire and windstorm inwrance as herein requ~red to be carried on the improveme~ts situate on the above described premises. 'i C-Premiums on such mortgage gus~anty insuraoce as mortgagee shall from t:me to time aeem fit to carry on the loan secured hereby. ~ Mortgagre shatl from time to time notify mortgsgor in writing of the amount due and payable hereundrr and such ium shall tl~ereupon be due snd ~ payable on the due date of the next month?y payment and each successive moMh thereafter until mortgagee shall notify mortgagw of a tharge in such amount. Such sums shal: be applied by mortgagee toward the payment of real property ta:es, insurarxe prem.ums, a~id mortgage guaranty insurance ~ premiums. ~ IN WITNESS WHER~OF. the said MORTGAGOR hss hereunfo set his hand and seal the day and esr first aforesaid. E _ ~ s~9„~a s~aiea a deliv t~ w~ of: FILED AND RECQRDE i ST, LUCIE COUNTY, FLA.' a~ ~?~co~:r. `1FRS~r~~ 'n ~ sNn ~ ~ .~.888~2 0 ~ t . '?0 JAN 2 8 AaI g: 2 6 ~ STATE OF FLORIDA ~ St Lucie ~ counmr oF • and ~ Befwe me penonally appeared y t'~R Br~ , ~z ~~~~T C ~ his wife, to me well knawn and krawn to me to be ~ the individwts described in and wlw executed the foregarg instrument, snd atknowledged before me that they e:ecuted the same fw the pu~poses ~ therein expresaed. And the sai' Ma?ry A• BZOWII ~ wife of the said H~ry B• BYOHl1 ~p~ a sepa~ate snd priv~t~ examination by me taken separate and apart from her ssid husband, xknowledged to and before me thst she executed said instrumem freely and volvrr tarily and wlthovt any compulsion, cwutraint, apprehensio~,-a, fesr of w from her said husband. ~ WITNE55 my hand and officisl seal this ~7~_ day of Ja.nuary q, D. 19 70 , Noqry Publit in +nd for the State of Fbrids at Larpe My Cortunission expires: ~ aerum 70: ~ .,,,s~~~ic::. lI~TARr MlBIICr iTA1E Of Fi0RIW1 A1 ~ARGE s~ Fint Feder+l Ssvings ~ loan Associatio~ ~ ~ •.MY COMMISSION EXPIRE$ SEPT. '13, 1973 :=i Of Fort Pierce. . , , ~ , 7 ~ ~ f~ a~EV~~ Fort Pierce, Fbrida ~ ' _ - J` . r~. - . = _ 7_- This Instrument Prepared By B• ~raun ~ " ' _ . v=; First Federal Savings 8 Loan Association • :L ~1~; ' of Fort Pierce , Florida ~ ~ ~ - : >s ~ ~ U k C~~~~ . " Chetked By ''++~~~w~~~~~• BOOK PA ~ ~ - - ~ . _ ~ - - - , - . ~Y R ~>~'.;.r ~ , . K ~ ~~~R~~.