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HomeMy WebLinkAbout1945 i } ~ ~ . 3. To place and conr~nuousty keep on the bu~'d~ngs now w hereairer ~~tuate on ~a~d land and on sll cquipmeM and personslly co~e~cd by ihia mo~ ege, w~rh ell p~emiums ~hereon pa~d in i~il, f~re iniuronce ~n ~he usuat standard po~~cy form, in a sum aHproved by ~he MORiGAGEE. a~d v~e~nds~o ~nsurance in the us~at ~tandard pol.cy fo~m, in a sum approved by ~he MORiGAGEE, in such company or compan~es as the MORTGAGEE d~rech and all fire and wlndstorm ~nsu.ance pot]ues on any of sa~d bufld~ngs, any imerest therein o~ parl thereof, in the aggregaee s~m aforesa~d e:cess thcrcof, shall contain ~he usual standa~d mortgagee ctause w such o~her dause as the Mor~ga~ee may rcqu~r~, ma4ing ~he toss u~+dr~ sa~d po c~es, each and eve?y, payab!e ~o sa~d A10RTGAGEE as ~h interest may appear, and each and eYery wch poi~cy shall tx prompfiy ~~s gnec+ and da~~~e~ed ~ eny held by sald MORiGAGEE as further t:curity to said morl9age d:bt, and, not less than ten (10) days in advance of the expiration of eech pol~ty, to d~ I~ver to said MORTGAGEE a renewal thereof, together with a rece~Nt to~ the premium of such renewal; and ~hare shall be no f~re or wi~~dstam ins~ronc placed on any oF said buildings, any interest Iheroi~ or pa:l thereof, un!es~ in the torm and w~th ~he ioss payable as aforesaid; and in the event any s~~ of money becomes payable vnder such policy a pol~cies said A10RTGAGEE shall have the opt;on ro reteive and app!y the same o~ accou~~ of Ihe indebted ness secured hereby or to perm~t aa~d MORTGAGORS to rcteive and use it a any p. rt the:col 1or o:hcr pur~~oses, v.~~no~t th~.~ o~ wa~~~ ~3 0. ~~~~~o~* ~~9 any equity, Gen w nght under o~ by virtue o1 thls mo~egage; and in the event sa:d MORTGAGORS sha!1 for any reason faii to keep the sa~d premises so ~niured, or fail to delive~ promptly any of said pol~cies of insurance ~o sa~d MORTGAGEE, or fa~l promptly 1o pay tu:ty any premium therefo~ o~ in a~y rrspett tail to per(wm, d~scharge, eaecufr, effect, complete, comply wi~h and ab~de by this covenan~, w any part hareof, said htORTGAGEE may p~sce a:~d pay fa tuch insurance or any part thereof wiihout waiving w affecting any option, lien, equ~~y, o~ ?~gh~ under w by v~rt~e of thia Moregage, a~d ~hc fu11 amounl of esch and every such paymenf shall be immediately due and payable and shall bear interest from ~he date thereof un~il pa~d at the rate ol r.~ne per centum per annu~n and to~ether v~ith such interest shali be stcured by the lien of this morrgage. 1. To permit, commit w sufier no wsste, impairment or detrrioration of said propcrty w any pa~t the~eof. 5. To pay all and singular the costs, charga and eapenses, ~ncluding a reaso~able atto.ney's lee and costi of abstracts of title, incurred o~ paid st any time by said MORTGAGEE, betause a in the event of thc failure on the part of the said MORTGAGOR to duly, promptly and futty perfotm, d~scharge. execute, effect, complere, ~omply w~th and ab:de by each and every tF+e stipula~~ons, agreements, conditions, and covenan~s o1 sa~d prwn~ssory note and fh~~ .:~ortgage any or e~the~, and u;d costs, charges and expenses, each and every, ahall be immed~ately due and payable; whether w not there be ~o~~ce dr mand, attempt to collect or s~it pend~ng; and tht ~ull amount of each and every such paymen~ shall bea~ interesr from fhe date thereof until paid at the r,,re oS nine per centum per ann~rn; and alt said costs, charges and ex~nses incurred or paid, together w~th s:xh interest, ~hall be secured by the I~cK+ oi th~i mortgige, 6. That (a) i~ the event of any breach of ~h~s Mortga~e w default on the part of the MORTGAGOR, w(b) ~n the event any of se~d sums of money herein referred to !x not promptly and fully paid within th~rty (30) days ~ext after the same sev.~ally become due and payable, without demand or nohce, o~ (c) in the event each and every the stipulations, agreements, :o~d~tions and covenants of sa:d prom~ssory note and th~s mortgage any or ci?her are nol iuly, promptly and futly perfwmed, d~scharged, ezecuted, effected, cw~+pteted, compl~ed w~~h and ab~ded ~iy, the~ in e~ther or any such event the sa~d ag gregate sum mentioned in said promissory nore then remaining unpaid, with inte~est accrued, and all moneys setured hereby, shall betome d~e and pay- ab;e (o~thwith, w thereafter, at the option of said MORTGAGEE, as fully ard completely as ii all of the sa~d sums of money were w~ginstly st~p~;ated to be pa~d on such day, anything in sa.d prom~ssory note w in this Ma?gage to the conrrary notwithstanding; and thereupon w thereafter a~ the opnon of sa~d MOltTGAGEE, wiihout notice or demand, suil at Iaw w in equity, therefore or ~hereafter begun, may be prosecuted as if all moneys setured hereby nad matured pr~or to its inatitution. y. That in the event that at the beginning of w at any time pcndirg any suit upon this Mortgage, or fo lweclou it, or to refo~m it, or to enforce payment of any tlaims hereunder, said MORTGAGEE shall apply to the Ceurt havmg jurisd~ct~on thereof for the apFo~nlment of a Receiver, such Courf shail fcrthwith appo~nt a receiver of said mortgaged p~operty all and singulsr, includ:ng al1 and singvlar the income, prof~ts, issues and reve~~es frorr. whatever so~:ce derived, each and every of wh~ch, it being expressly understood, is hereby mortgaged aa if spec~f~calty set forth and described in the granring and h.~bendum clauses hereof, and suc!~ Receiver shalf have all the broad and effective i~ncf~ons and powers in anyw~se entrusted by a Court to a Receiver, and s.,ch appointment shall be made by such Court as ao ad~nitted equity and a ma~ter of absolute r~gM to said MORTGAGEE, and without reference to the adequacy w inadequacy of the va~ue of the property mortgaged or to the so~vency or msot.•ency oi said MORTGAGOR p the defendants, a~d ~hat wc!~ rr~ts, profits, incane, issues and revenues shail be applied by such Receiver accord~ng to the lien or equity of uid MORTGAGfE and fhe practice of such Court. 8. To duly, promptly and fully p~rform, discharge, execute, effect, complete, comply wi~h and abide by esch and every the stipulations, agr~ements, conditions and covenants in said promissory rote and this mortgage set forth. 9. That in the event the ownership of the mortgaged prem~ses, or any part thereof, becomes vested in a pe~wn other than the MORTGAGOR, the !~'.ORTGAGEE, its successo+s and ass~gns, may, wifhout no~ice to the MORTGAOR, deal with such successw a successor in interest with ~eference to th~a n:o.igage and the debt hereby sec~red in the same manner as wnh Mortgagor without in any way vit~ating or d~ui+a~ging the Mortgagors' liabitity here- ~nder w upon the de~t hereoy securtd_ No sale of the prem~ses hereby mortgaged and no forbearance o~ the pari of the MORTGAGEE or its successors or assigns and no eztension of rhe nme for Ihe paymem of the debt hereby secured given by the MORTGAGEE or its successors or au~gns, a~~all operate ~o release, discharge, modify change or affect the original liab~lity of the MORTGAGOR herein, either in whole or in part. : t 10. It is spedfically agreed that time is of the esse~ce of this contrad and that no waiver of any obligation hereunder w of the obligation se- wred hereby shali at any time thereafter be hetd to be a waiver of the tums hereof or of the instrument secured herby. - ~ to mortgagee w~th each monthfy payrnent an add~~~onal sum est~n;ated by mo.~gagee to be equal ?0 1; 12 of fhe annuai cost of the foUow- ~ ~ A-All real property taars levied or asses ' above described real estate. B-P~em~ums on fire and wind>torm ~nsuracce as he~e~n requ~r on the improveme~ts s+tuate on the above dasuibed premises. ti C-Premiums on such mortgage g~aranty ir.svrance as mortgagee shall from t~me to t~me ' carry on the loan set~red hereby. ~ Mortgagee sha(I f~om time to nme notify mongagor in writ~ng of the amount d~e and payable hereundrr a hall thrreupon be due and ~ c 3yable on the due date of the next month!y payment and each successive n~onth the.eaft~r until mortgagee shall ti y in such ~ a r•emiums. 5 IN Y~ITNESS WNEREOF, the wid M~JRTGAGOR has hereunto xt his hand arv! seal the day and yes? first afwe id_ ~ 4 ~'gned, Sealed and liv red in the presence of: ~ i e ~ z ~ pdLt 1 H Otl h ~xa~ ; ~ ~ . e . F` / C-~' lL-_ "~'~j - '4+. ~$[a~) } ~ _ nna s orou ~~,n ~ ~ STATE Of FLORIDA ~ COUNTY OF St. L.UC1Q ~ ~ ee(ore me personally appeared Pau 1 H. Oe sborough ; Donna Desborough h;: W~t~, to ~ W~u knowm • snd known to me ro bs ~ the individuals described in and who executed the faegoing instrument, and acknowledged befwe me that they exet~ted, tM iaiM- for the purpoaes . ~ therein expressed. And the said Donna De sborough ` Paul H. Desborou h ^ ~ " ~ Nife of the said 9 r.~ vpon s t~pyaf~ and privatt ~ examination by me taken scparate and apart irom her said husband, atkrawledged to and befo~e me that she executed sald inatrumenf NeeFy and volun- ~ ranly and without any campulsion, constraint, apprehens~1on,` or fear of or from her wid husbaod. - ~ WITNESS my hand and official seal this ~~~L day of brUa'! ~ A, D. 19 72 _=i • - - `t~ - Notary Public in end for the Statdaf ~ larye My Comm~uion eapires: > = Return To: NOTARY PUHLtC, S~A~'c~ F! ~~'^A a! LARGE # fint Federal Savings 3 loan Associat~on !~fY CG:`.':1~~~!;1~~ EX°iR5" `..`.?L 1375 Of Fo~r P~e.ce. &,odi~ tiy Amencan BanRers Ins~rarxe ~a Fort Pierce. Florida /1LE0 ANO RECOIl0E0 ; ST. LUCtE COUNTY FIA. = - ROGER POITR~S ~ ` - This Instrument Pre ared B John W. Coll in ~~ERK C~RCUIT COtlRt ~ ~y' P Y $fCORD VEPIFIEO First Federal Savings & Loan Association ~ of Fort Rierce ~ F lo[ida fE~ IL` 2~s PN ' . ' _ 3~ Checked By ~ ' ~ 2;~3850 ; `ti ~U~~~ ~~1944 ' • _ ~-'1 ~_~3 i ~ „ ' ' _ . . v r J ~ . ~ . - .