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HomeMy WebLinkAbout1329 i 1 , , . _ . •r . . . ; 3. To place and continuously keep o~ the bui:d~ngs now or he~eafter s~tuste on said land and on a~l eq~ipment and personaliy covered 5y this mor ege, v~ith all prtmiums tharcwn pa~d in full, fire insur~nce ~n the usual standard pul~ty form, in a sum aHproved by ihe MURtvAvEE. a~~J vv~ndsto ~nsur~nce in ?he usual i~anda~d po::cy form, in a sum appro.ed by ~he MORTGAGEE, in such co~npany or co~npan;es as ihe h10RiGAGEE m d~rec?; a~+d all fire a~d w~ndstmm inwronte poGues on any of said build~ngs, any interest therei~ or part the~eol, in the aggrcyare s~m storesa~d in excess ~hereoF, sha~l contain fhe usual standard mwtgaqee dause or such othc~ clause as the Mo~tgagee may requ.ro, m,a4~ng ihz toss undrr sa~d po c~es, each and every, payab!e ~o sa~d MORTGAGEE as ~ts ineerrst may appea~, and each and every suth po~~ty shaif be promptiy ass q~~rd and de~~~errd ~ eny held by sa~d MORIGAGEE as tur~he~ security to sa~d mongaqe debt, and, not fes~ than ten (101 da~s in ad~ance o( ~he e¦p~~at~on of each po!ky, ro d. +~ver to ~aid MORTGAGEE a renewal thereof, together vri~h a receipt ior 1he premium of such ~enewal; and there :h~ll be no f.re o~ w~~~ds~o~:n inswanc plated on any of said bvildings, any iroerest there~n a parr thereof, un'ess in the (o~m and with tne loss payable as aforesa~d; and the event any a~n of mpney bccomes payable under such policy a pol~cies said MORTGAGEE sh~ll have the opt~on to receive and app!y the same on acco~nt of ~he i~~Jabt~•d ness securej hereby or ro permit sa~d MORTGAGORS to raceive and ose it a any part thereof fcr orn.~r purppSeS. ~v~~nO.:t ih,~. u; w.:~.~ i~ o~ ~ng any equ~ty, lien w right u~der w by virtue of this mortgage; ~nd ~n the event aa~d 1~~ORTGAGORS shall fo~ any rcason fa~l to krep ihe sa~d prem~ses so ~nsuret~, o~ lsil to deliver promplly any of sdid poiicies of ~nsurante to said MORTGAGEE, or fait pro~nptly to pay fully any prr~nwm therefor Or in a~~y resprd fail to periorm, d~scharge, execure, effect, comptete, co:nply wiih and ab~de by th~s covenan~, w any part hareoi, s~~d MuRTG:.GEE ~nay p~ace a~o pay fw such insurance or any parl thereof wi~hout waiving or affecting any option, Gen, equ~ty, or N~ht unde~ w by vireue of thls Mortgage, and thc 4uil amovnt of each and every suth paymeN shall be immediately due and payable and shall bear inte~est from the date thcreof until pa~d at the rate o1 n~ne per centum per annum and to~r~her wifh such ime~est sha~l be srcured by the Gen of this matgage. 4. To ptrmit, commit w suf(er no waste, impairment or deteriorat~on of uid property w any part thereof. 5. To pay sll and singular the costs, charges and expenses, inctuding a reaso~able attorney's fee and costs of abstracts oi titte, incurred or paid at ~ny time by said MORTGAGfE, because w in the event of ~he failure on the part of the said MORTGAGOR to duly, p~o~T~pNy and f~lly parlorm, d~scharge. >xecute, effec~, complete, comply w~~h and ab:de by each and every the stipulanons, agreements, conditions, and covenants of sa~d p~an~sso~y note and ~h~s .~~ortgage any or e~ther, and sa:d costs, charges and expensss, each and every, nhall be immedialely due and payabte; whether or not there be noT~ce d~ n,a~xl, atte~npt to cotlect or suit pend~ng; and the tull amount of each and every such paymenf shall bea~ interest from the date thereof un~il paid a~ ~he +.~ie o~ ni~e per cenrum per annu:n; and all said costs, charges and expe~ses inturred or paid, together w~th such interest, shall be sec~red by the lien oi thh mortyage. 6. Thst (a) in the event of any breach of thia Mortgage or default on the part of the MORTGaGOR, or (b) in the event any of sa:d sums of money hrrein referred to be not promptly and fully paid within tn~rty (30) days next afte+ ihe same severa:ly become due and payable, without demand or nonce. er in the event each and every the stiputations, agreements, cond~:~ons and covenants of sa d promiswry note and th~s mortgage any or e~~her are no1 iuly, promptly and fully performed, d;scharged, executed, effected, completed, compGed with and a6~ded 5y, lhen in either or any such event the sa~d ag ~regate sum menrioned in said promisaory note then rema~ning unpaid, with inferest accrued, and atl moneys secured hereby, shall become dve and pay- ae!e forthwith, or thereafter, at the optioo of sa~d MORiGAGEE, as tuily and complerely as i1 a~l of the said svms of money were or~ginally supuiated to be pa~d on such day, anything in sa.d pro~n~sswy note or in this Mwtgage to the contrery notwithsttndi~g; and ~he~eupon or thereafter at the op+~on of ss~d MORTGAGEE, w~thout not~ce or demand, suit at law w in equity, thereiore or thereaiter begun, may be prosecuted as if all moneys secured hereby ned ma~ured pnw to ~U institution. 7. That in the event that at the beginning of w at any time pendi~g any suit upon this Mortgage, or to toreclose it, or to reform it, or to enfo~ce ,.ayment of any cloims hereunder, said MORTGAGEE shall apply to the Covrt having ~unsd~aEon ~hereof for the appomtmeM of a Receiver, such Court shail fc-thwith appo~nt a receiver of sa~d mortgaged property all and singular, indud ng all and singular the income, proGts, issues ar,d revenves 1rom whatever s: v~ce derived, each and every of wh:ch, it bemg express~y unde~stood, is hereby mor~gaged as if spec~f~calfy set forth and described in the g~an~ing and h.~bendum clauses hereof, and such Rece~ver shail have all the b~oad and effective funcT~ons and powers in a~ywise e~truated by a Court to a Recriver, and s_ch appointment shall be made by such Court as an admi±ted equity and a matte~ of absolute r~ght to said MORTGAGEE, and withaut re(erence to the edequacy or inadequacy of the value of the property mwtgaged or to the sotvency or ~nsolvency oi said MORiGAGOR or the defendants, and ~hat such ~enfs, profits, inco.M, issucs and rer•enues shall be appiied by such Receiver accord~ng to the lien or equity of said MORTGAGEE and the practice of such CouA. 8. To duly, promptly and fully perform, discharge, e:ecute, effect, complete, comply wt~h and abide by each snd eve~y the stipulations, agreements, ' condit'ans and covenants ~n sa~d promissory nore and thia mortgage set fo~th. 9. That in the event the ow~ership of the mortgaged premises, w any part thereof, becomes vesfed in a person other than the MORiGAGOR, the h'.ORiGAGEE, its successors and ass~gns, may, without notice to the MORTGAOR, deal wi~h such s~ccessw or svccessw in interest with refere~ce to this n~origage and the debt hereby secured in the same manner as w~th Mortgagor without in any way vitiating or d~scharging the I~lortgagors' liability her~ under or upon the debt hereby secured_ No sale o~ the prem~ses hereby mortgaged and no ~orbearance on the part of the MORTGAGEE or its successors er assigns and no eatens~on of the time for the paymem of the debt hsreby secvred given by Ihe MORTGAGEE or its successors or au~gns, a:~all operate ro releese, d~xharge, modify cha~ge or affect the orig~nal Iiab~I~ty of the MORiGAGOR herein, either in whole or in part. 10. It is speuftcaliy agreed rhat t~me is o( the essence of this contrau and ~hat no waiver of any obt~gat~on hereunder w of the obligarion se- c~:ed hereby shali at any time thereafter be he!d to be a waiver of the terms hereof o? of tF~e instrument secured herby. 1 ymen s o p he~eb mort a or ~~~d agrees to pay to mo-tgagee y.ith each monrhly pay~~~en! an add~rional sum est~~na~ed by mortgagee to be equal to 1; 12 of the annua - ~ 4 { A-All real property taxrs levied or assessed agai~st the a6oy~deicribid real estate. ~ € B-Premiums on lire and windsro~m insurar.c em requ~red to be carried on the ~mproveme~ts rtuate on the above described premises. ~ C-Premiums on such mortgage y ins~rar.~e as mongagee shall from t me to tirne deem fit to carry on the loan secured hereby. f Mortgagee shaif fio ~o t:me nctify mo.igagor in writ~ng o( the amount dve and payable hereunder and such sum shall thereupon be due and c3;abte on the du e of the nexr month! payment and each successive month thereaf~cr ur,til mortgagee shall nor~fy mortgagor of a change in such ~ a^ oun app ~e y mortgagee owar t e payment o rea p~operty , E ~ IN WITNESS LYHEREOF, the said MORTGAGOR has hereunto xt his hand a~d seal the day and y ar first afwesaid. ? Sig~ed, $ealed and iive+ in the presence of: ~ r (Seaq ~ ~ (Seal) ; ~ - , orence . e r ~5es1~ ` ~ - (Seap ~ ~ SiATE OF FLORIDA ~ ~ ~ Lucie ~ ;,OUNTY OF St • 1 j ~ Before me personslly appeared Ho~vard W. Metz4er s~ i ~ ' + Florence J. ytetzc~er his w~fe, to me well known and known to me to be ~ rhe individuals desuibed in and who executed she fwegang instrume~t, and acknowledged before me that they executed tFie same for the purpoxs ~ rherein expressed. And the said FIOT@I1Ce .!?tetzger Howard W ~1eLZ eT _ upon a sepa?ate snd~iwte :'s ..~fe of the ~aid ~ • 9 r~ e=am~nation by me taken separate and apart from her said husband, acknowledged to and before me that she executed said instrumeq}fr~e~y ~ velurr K? rar~ly and w~thout any compu~sion, constraint, apprehe siq~, w fear of a from her said husband. ' r ~ WITNE55 my hand and officlal seal this ^t ~ day of February • ``a O. L~ h _ ~ Ndtary Public in and i r the Slate of fi9ia~et largi ; - My Comm~sfion expires. ~ s ~S . . = Retum To: 3 - ~ First Federal Savingt 3 loan Assouat~on 223399 ~ O( Fort P,er[e. ' - Fort P~rrce. Florida f~~E~ 1~~ ?~COR0~0 ST.LU~It :;)UNTr Pl~ ROC: ~ ~ ^.~7RA5 ~ CLfF.:. : - i U"t ~OURT This Instrument Prepared By John W. Col l ins °E~t~R~ _ First Federal Sav;ngs 8 Loan Association ~EB l - of Fort Pierce , Florida - I 2S ~T~ ~ f Checked By ~ ~A ° R 199 P~E1328 = 600K - - , rv$ j _ , - _ _ ~~-..c'.s _ s...