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HomeMy WebLinkAbout1860 r t ' . ~ 3. To place and continuously keep on the bui:dings now w hereafte~ ~ituat~ on said land and on all eqvipment and personally covered by this matg- sgs, with all premiumi thereon pa:d in futl, fire insurence i~ t~e usual standa~d policy fwm, in a sum approved by the MORiGAGEE, and windstorm insurance in tiw vswl atandard pof~ty (orm, in a sum app~oved by the MORTGAGEE, in such company o~ companies as the MORTGAGEE m~y dired; a~d all fire and windstorm iniurance po~iciet on any of said buifd~~gs, aey i~terest thercin or part fhereof, in the aggregate sum afweuid or in extess thereof, ~haN coetain the usual standard mortgages dause or suth othtr dause as the Mwt9agee may requ~re, maki~g the lou unda taid poli- cies, each and every, payable ~o said MORTGAGEE as its interest may appear, and each aod every s~ch policy shall be promptly ass gned arvd detivered to any held by said MORIGAGEE as fur~her secur~ty to said mortgage debt, and, no~ less than len (10) days in advance of the expiration of each policy, to da live? to said MORiGAGEE a renewal lhereof, togethe~ with a reteipl fw the premium of such renewal; and there sha11 be ra i~re or windstorm inzurance placed on any of said buitdings, any interest therein o? pa~1 thereof, unless in the torm and with the loss payable as aio~esaid; and in the event any sum of mo~ey becomes payable under such policy w policies said MORTGAGEE shall have the opt~on to receive and apply the same on account oi ~he i~debted- ness secured hereby w to permit said MORTGAGORS to receive and use it or a~y part thereof io? o:ner purpases, v.~~no~t ih>r~b~ waiYing or ~mpair- ing any eqv~ty, lien w right under w by virtue of this mo:•gage; and in the evcnf sa~d MORTGAGORS shall fa any reason fail to keep the said premises so insured, or fail to deliver promptly any of said polKies of insurence to uid MORTGAGEE, or fail promptly to pay fulty any p~e~nium therafor w in any respeci fail to perform, d~scha~ge, execute, eifed, complete, comply with and ab~de by th7s covenant, or any part hereof, said MORTGAGEE may plste and pay !w such insurence or any part thereof without waiving or affec+ing any option, lien, equity, w r~ght under or by virtue of this Mwtgsge, •nd the f~ll amount of eath and every such paymeM shall be immediately due a~+d payable and shall bear interest from the date fhereof :rntit paid at the rate of nine per cenrum per annum and ro~ether with such inte.esr shali be satured by the lien of this mwtgage. 1. lo permit, commit o~ suffer no waste, impairmer~t w deterioration of said property cr a~y part thereof. ; 5_ To pay aIl and singulsr the costs, charges and exp~nus, including a reaso~able attwney i fee and costs of abstracts af 22t!e, inc~rred o~ paid at any time by satd MORTGAGfE, because or in ~he cvent of the failure on the pan of ~he said MORTGAGOR to duly, promp!1~ and fully pe~fwm, d~scharge ` execute. effect, complete, comply w~th and ab:de by each and every the stipulations, agreemems, conditions, and covenants of said promissory note and this ~ mptgage any or either, and sa~d costs, charges and expenses, each and every, shall be immediately due and payable; whethe? or not shere be ~o+ice de~ ' mand, attempt to collect w suit pend~ng; and the fult amount of each and eve~y such payment shall bea. interes~ irom the date the~eof until paid at the ~ rate of nine per centum per am~um; and all said costs, charges artd expenses incurred or paid, together w~th such interesl, shall be secured by the lie~ of this = mortgage. ~ 6. That (a) in the event of any breach of this Mwtgage or defauh on the part of the A10RTGAGOR, w(b) in the event sny of said sums of mo~ey here~n referred to be not promptly and fully paid within thirty (30) days ~ext after the same severally become due and payable,-without demand w notice, ~ or (c) in the event each and eve~y the stipufations, agreements, co~dirions and cavenants of sa:d promisso~y note and th~s mortgage any or either are not iuty, promptly and tutly performed, d~scharged, exetuted, effected, tompteted, compiied with and ab~ded `ay, then in either w any such eve~t the said sg~ ~ g~egate wm mentaned in said prt,missory note then remaining vnpaid, with interest accrued, and all moneys secured hereby, shall become due and pay- able torthwith, w thereafter, at the option of said MORTGAGEf, as futfy and complerely as if all of the uid sums of money were originally stipulated to be paid on such day, anything in sald promisswy note or in this Mortgage to the contrary notwithstanding; and thereupon w thereafter at the option of ~ said MORTGAGEE, without notice w demand, suit at law or in equity, thercfwe or thereafter begu~, may be prosecuted as if all moneys secured hereby ' had matu~ed pr~or fo its institufeon. 7. That in the event that at the beginning of or at any time pcnding any suit upon this Mwtgage, or to forecloso it, w to reform it, w fo enfwcs payment of any claims he~eunder, uid MORTGAGEE shall apply to the Covrt having jurisd~aio~ thereof for the appointment of a Receiver, such Court shalt forthwith appoint a receive~ of said mortgaged p~ooerly all and sing~lar, intlud~ng all a~d singular the income, proi~ts, issues and revenues from whatever source derived, each and every of wh~ch, it being expressly understood, is he~eby mortgaged as if apec~fically set forth and deuribed in the granting and 3 habendum clauses hereof, and such Receiver shaN have att the braad and effective funcr~ons and powers in anyw~se entrvsted by a Court to a Receiva, and } s~ch ap}wintment shall 6e made by such Court as an admitted equity and a matter of absolute right to said MORTGAGEE, a~d without reference to the adequaq w inadequaty of the value of the property mortgaged w to the soivency w insolventy of said MORiGAGOR or the defendants, and that such renrs, profits, income, issues and revenues shall be appl;ed by such Receiver according to the lien w equity of said MORTGAGEE and ~Fx practice of such Court. 8. To duly, promptly and fully perform, diuharge, execute, effect, complete, comply with and abide by each and every the stiputations, agrcements, ~ conditions and covenants in sa~d promisswy rwte and this rnortgage se? fa?h. ~ 9. 7hat in the event the ownership of the mortgaged premises, or any part thereof, becomes vested in a person other than the MORTGAGOR, the ~ MORTGAGEE, its successors and assigns, may, without notice to the MORTGAOR, deal with such successor or successor in inierest with reference to this moregage and fhe debt hereby secured in the same manner as with Mortgagor without in any way vifiating or distharging the Mortgagori (iability herr ur.der or upon the debt hereby secured. No sale of the premises hereby mortgaged and no forbearance on the part of the MORiGAGEE w its succeuors or assigns and no extension of the time ior the payment of the debt hereby secured given by the MORTGAGE' or its successws or auigns, s1wN operate ; tc release, distharge, modify change or affett the original liability of the k10RTGAGOR herein, either in whole or in part. ~ 10. It is spec~fically agreed that time is o( the esunce of this contrace and that no waiver of any obligation hereunder or of the obligaY~en se- ~ cured hereby shall at any time thereafter be held to be a waiver of the terms hereof w of the instrument secured herby. 11. In add:~io~ to the forego'ng monthly payments of prir.c"paf and interest required by the prom~ssary note secured hereby, mortgagor covenants ~ and agrees to aay to mortgagee with each monthly payrnent an add~rional sum est~n,ated by mortgagee to be eq~at to 1 j 12 of the annual tost of the follow- ing: A-AI! real property faxes lev~e~ a assessed against the above described real estate. B-Prerr.iu~ns on fire and windstorm insurance as herein requ~red to be carried ort the ;mproveme~ts s;tuate on the above described premises. C-Prerniums on suth mortgage guaranty ir.surar,ce as mortgagee shall from t~me to time deem fit to carry on the loan secured hereby. Mortgagee sfiall from time to time norify mortgagor in writing of the amo~~t due and payable hereundrr and su:h sum shall thereupon be due and # Fayable.on the due date of the next month:y payment and each successive month thereaFter ur,til mortgagee shall notify mo:tgagor of a cbarge in such amo~nt. Such sums shail be applied by mortgagee toward ihe payment of real property taxes, insurance p~em:ums, a~xl r.wrtgage gvaranty insurance premiums. IN Y~tTNESS E" F said RTGAGOR has hereunto set his hand and seal ihe day and year first aforesaid. ~ ned. Se nd i pre~ence of: . ' FILEO AND RECORQED~~~~ ~~/v~_(s~aq / ST. LUCIE COUNtY FL J~E^!?::~ ~ ' s0 1c~IFtED cs~q 1934~6 r i , STATE Of FLORIDA n ' O~~W~ ' V ~ 9•~ 7 courm ~ Lucie ~C Before me penonally appeared Alfred kr. end Alice ~T1C1 C his wife, to me well known and known to me to be the individuals described in and who executed the fwegang instrument, and acknow before me that they executed the same fot the purposes ~herein expressed. And the sai A1i.c e 1,3Z1C~ wife of the said _ ~-f ~d~ upon a separate end priwte examinafion by me taken sepa~ate and apart from her said husband, atknowledged to and befwe me that she execvted said instrument freely snd volum tarily and w~thait any compulsion, constroint, apprehension, or fesr of w from her said husband. WITNESS my hand and official seal this ~l- day of Ma A. 19~ • • ~ t ~ ~ Notary Public in and fw the State o Iorida at Larye My Commiuion expires: ~ Return To: fint Federal Savings 3 loan Association ~Q~ PI~K, SUk of Florid~ at Luqe ~ Of fort Pierce. Mr (O~IIitISflMI E7Ipu~S $lpt. 1971 ~ fort Pierce, Florida {wd~d b Awir+~ F~n 6 Gw~Mr CA- . ~~'~}r~~ ` . V .s~?'>'~~~`~~ _v~;:'-~:. ':s..~.;~.~'=, i This Instrument Prepared ByJ. D. Chastain ~~t~ ~ First Federal Savings 8~ Loan Association ~:'~r~~Q~:s--~ ' of Fort Pierce , Florida =?::n.'~~~~:.~-J . _ 3 _ ~ r p ~Ct ~ : 0 : ' J Checked By ~ 8 R ~ n q : ~ 2 --s : , - . ~ 800~~~ PACf 1~eiU '~',•a,l~i•, ~ t~;~~~ , - ~~`''~r,~~-~~~~;"., pa ' - r~ • . ' - 3 - - - . . ~ . " _ . ~ - - . - ~ ~a