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HomeMy WebLinkAbout2419 3. To ptace and com+nuo~sly keep on the bu~'d~ngs no~, or hereof~.:r a~tuate on se~d !and and on aL' equ~p~nent and penona~ly covered by this mo~ ege, w~~h all p~em~~ms tl~e~eo~ pa~d in 1u!t, t~rr ins~;a,~ce ~n ~ne ~w.~i s~o~+d3~d po!~c~ lorm, i~ a s:.m aFp~o.ed by the htOR~G.^.GEE, and w~ndsto ~murance in the uwat s~andard poi.cy forrn, ~n a sum aF~~~o.rd L~ thr A10RTGAGEE, in su:h compa~~y or compan•es as the A10RTGAGEE m d~reth and aU fire and w~ndsto~m insurance polk~es on any oi sa~d bui!d•ngs, any interest therc~n or part thareol; in the aggre9oTe sum atwesaid in excess thrreof, shall :o~rain the usual sta~~dtrd n:or~gagee c~ause or s~:A orher ci~use as ~he Mortgagee may ~equ:re, making the ioss uode~ s3~d po c~es, each and every, payab'e ro said A~URTuAGfE as ~ts ~n~erast n~ay appea~, n,~d each and every uch po~~c~ shall be promptty assyned and del~~e~ed t any held by sa~d L10RTGAGfE as fw~hcr set~~+ty to sa~d n~o+tye3e deot, and, not less than ten ~IO) days in ad:aixe of the exp~rat~on of each pot~cy, ro d~ Lver to said MORTGAGEE a renewal thereof, toyeiher with a recr~pt tor th_ pr~•~:uum of such rene~a~; a~~d ~t~ere sha~l be no f,~e o~ windsto~m inswanc placrd on any ol sa~d build~ngs, any inreresl therem or parr th~r~of, i,n'ess in ihe fo~m a~~d w~th the ~css paya~Ie as aforesa~d; and in the e~em any sun 01 money becomes payable ~ndet suth polity or paGc~es s.~~d MORIGAGEE sh.~l! have ihe opt~on fo rec~i.e and apN:y tne same on acco~nt of the indat~rd ness secured hereby or to perml~ said ~J10RTGAGORS ro rece~ve ar~d use it o~ a~~y p.-:~~ th~:eoi lor c• ~ ~.ui; os:•s. ~•:~~~~o.:t th~•~u. ~~.:~.~~7 c~ u~~P~~r ~ng any equ~ty, iien or r~ght under w by virtue of this mo~rgage; arxi in ~he event sa:d A10~2TGAGORS shatl tor any reason fail to keep the sa~d prem~srs so ~nwred, o~ fail to del~ver promptly any of said po~~c~es of ~nw~ance to sa,d h10RTGAGtE, or }:,il p:u~~iptly to pay fi:1,y any prr~~:~~~n theraior or in any ! respect fail to perForm, d~scharge, execute, effeu, tanptete, co:nply ~vith and ab~de 6y th~s tovenant, or any pa!t hareol, se.d I.1C~RSv%.GEE may p.ace a~~d i pay fa such insurance or any part thercof w~~hout waiving or affecting any opnon, lien, equ~ty, or nght unde~ or by virtue of thia tilortgage, a~d the . ~ tu11 amount of each and e.ery such paymeN shatl be immed~ately d~e and pa;aE,le and shail brar interest lrom thr date thereof un~il p~id at ihe rate o1 - n~ne par cenwm per annum and to~ethar w~rh s~ch interes~ shaf~ be sa:~:ed by Ihe lien of this mortgage. _ 1. To permi~, tommit or suffer no waste, impairment ot deterrorahon of sa~d property or any part thereof. 5. To pay sll and singular the costs, charges and eapenses, inctuding a rrasonab!e attorney's fee and costs of absrracts of title, incurred or paid at any tim.e by said MOR)GAG:E, because or in the event of the ta~lure on the part of ~he sa~d MORTGAGOR to duty, promptiy and fvlly perform, d~scharge. _xecute, etfeU, complete, canpty w~~h and ab:de by each and every the st~p~ia+.ons, agre~~Teents, co+~dinons, and covenants of sa~d promusory note and ih~s „or~gage any or e~iher, and sa:d costs, charges and expenses, each and evzry, shaH br immrd~ately d~e and payab~e; whe~her a not there be not~~e da r,~;nd, at~empt to coUect or suit pend~ng; and the ful! a~no~nt of each and e~~~~y suci~ payment shall bear intarest from the date thereof umil paid at the ~ + re o~ nine per crnium ~:r annu n; and all said costs, charges ar.d exprnses inturred or pa~d, togathet w~th suth interest, shall be secured by Ihe lien of this morfgage. b. That (a) in the even~ of any breach of this Mortgage or defau:~ on the part of the :t!ORiGAGOR, or ~b) in the event any of sa:d sums of money h~iein refened to be not pranptly and fully paid ..~+hin tn~rty ~34) dafs next a~r•.r ~he same severa:iy becane due artd payab!e, without demand or not~ce, ~r 1c) in the evem each and every the stiputanons, agreemenis, cond~;~ons a~id covenants oS sa d promiuo~y note and th~s rnortgage any or either are not iuly, promptly and fulty performed, dacharged, executed, efiected, comp!eted, comp6ed w~ih ar.d ab~drd 5y, then in e~ther o~ any such event the said ag ~regate sum mentioned in sa~d promisswy note thrn remaining unpa~d, w~~h ~nrrrrsr acuued, ar.d a~t moneys secured hereby, shall become due and pay- eb e forthwith, p thereafter, at the opt~on of sa~d MORTGAGEE, as fully a~~d co~npietcly as ii all of thr sa~d sums oi money were ong~nally srpulated to be pa;d on such day, a~ything ~n sa.d procn~ssory note or in this l~t~rtgage to ~he conna~y notwithstand~ng; and thereupon or thereafter at the op~~on of sa:d MORTC~AGEE, without notice or demand, suit at law or in eq~ity, thrrefore or therealter b_>yun, may be prosetuted as if all moneys secured hareby n::d maWred pnor to es inst~tution. 7. That in the event that at the beg~nn:ng of or at any time pending any suit upon tlus Mo~tgage, or ro foreclose it, or to reform it, or to enforce paymenl of any claims hereunder, sa~d MORTGAGEE sha~! apply to the Court ha~~ng ~urisd.tt~on thereof !or ~he appo~mment of a Receiver, such Court shall ~crthwith appoint a receive~ of said mortgaged property ai! and sinyuia~, indud ng a+l and si~~gu,ar the ir.come, prof~ts, issues and revenues from whate~er s~~rce da~~ved, each and every of wh;ch, ~r be;ng express!y undersrood, is ~er~by morrg~g~d as if spec,f~caUy set fonh and descrlbed in the 9.anting and hjbendum clauses hereof, ar.d such Reteiver shaN have ai~ the br~ad and effecr:~~ f~nce ons ~nd po~+~ers in anyw~se emrusted by a Court ro a Receiver, and s_;h appointment sha? be made by wch Cour* as an adnitted equity and 3•rdt:B1 of a6so,urr r:ght to sa~d MORTGAGEE, and without relerence fo the ad~q~acy w inadequacy of the value of ~he property mortgaged or to the savency or msc~vency of said MORiGAGOR o~ the defendants, and that such r~,rs, profits, incane, issues and revenues shall be appiied by such Recerve~ accord~ng to the iien or equity of said MORTCaAGEE and the praUice of such Court. 8. To duly, promptly anc! futly perform, d~scharge, exec~re, effect, compiete, cort~piy w~th and ab~de by each and every the stipulations, a4reements, conditeons and covenams in sa~d promissory note and rhis mortgage set iorth. 9. That in the event the ownersh~p of the mortgaged premises, or any part thcreof, becomes vested in a person other than the MORTGAGOR, the :'.ORTGAGEE, its successora and ass~gns, may, w~fhout nonce to rne A10RTvApR, deal ~v~rh such successo~ o~ successor ~n interest ~vith reference to this n-orrgage and the debt hereby secured in the same manner as wiih P.loitg3gor wnho~t in any way vitiaiing or d+scharging the Mortgagors' liabitity here- ; rder or upon the debt hereby sec~red. No saie of the Fre~:fses h~reb~ mortg;ged ard no forbea~a.,ce on the pan of the IJIORTGAGEE or iis successors or assigns and no e~e!ension of the time for the payment of the deb+ hereby sewred given by the 1hORTGAGEE or its successors ot assigns, a~iall operate ro re!ease, d~scharge, mod~fy change or affect the crig:nal Gau~l~ty of the N.ORTGAGOR he~e~n, either in whole or in pait. 10. It is soec~ficaliy agreed that time is of the essrnce of this contract and that no waiver of any ob~~gation hereunder or of the obligation sr c~red hereby sha~i at any tim.e rhereafrer be held to be a waiver of the terms hereof or of the instr~ment secured herby. 11. In add.t:o~ to the forege n9 ~*,on!h!y payments of princ pat and ~~~tr:~st req~:red by the prom s>cry nore sec~red h~reb~, mortga~or eovenants ' , d agr~es to pay ro mortgagee v~ith each mo•~th y parr.ient an add~~~onal surn ~~sr.~.•ated b~ mortq3gee to be eq:.ial to 1, 12 of the ann~al cost of the foL'ow- ny: A-All real property taxes levie~ or assessed agai~~st thc above descri~. d real estate. B-Fmmi~•ns on fire and w~r.dstorm inw~arce as herein req~;red to be carrie-d cn the Improvements s~tuate on the above dascribed premises. C-Premiums on wch mort~3ge gvaranty insura~:ce as morrgagee sha{I 4roir t me to t~me deem fit to carry on the loan sec~red he•eby. j Mor~gagee shall from t~me to t~me not~fy merty-agor In wrinng of the a~,~ou~t due and payabte here~ndar and such sum shall thereupon be due and .~;abfe on the due date of the next montF.!y payment and each s~ccessive ~:o~th the:eafter uctii mortgagee shall notify mortgagor of a change in such ~ - o~nt. Such sums sF.a:i be appiied by mortgagee toward the paymfnt of reat property taaes, insura~ce prem:ums, and mortgage guarenty insurante ~ ;~•c'rnium3. ~ WITNE55 LVHEREOF, the said MORTGAGOR has hereunto set his hand and seal the day and year first aforesaid_ ~ ~ ~ $ealed an deli 'n th~e,.~resence of: ~ 1 ~ ' . ~ ~ l.. ~ Felix C. Poppell j a single ad~at~ ' ~ _ csea~) ~ SSeal) ~ 3 . ° S ~ %+TE OF FLORIDA ~ ~ ~JUNTY OF St,• L11C1~ ~ ~ Befwe me .so~au a ared Felix C. Poppell, a single a dult ~ ~ P~ Y PPe ~ ~is~nr:fe, to me well krtowr+ and k~own to me to be ~ che individuaij described in and who executed the foregoing instrument, and acknowfedged before me that~the~ executed the sarne b4.tAa pwposes ~ rh>rein expressed. Anc~li~e~eid _ . ~"v r~ r:~fe of 1he wid .~~~~~~~~r ~ ~.dw.~..~:ow~+ws~el~e.r-.epe~e~end~pertf,~n,~~er-ae+d~iRSbe++e~~ek.+e.dedge~d~~e-~e++d~efere~nr~tf+er~sl+erxte~rlld-~a/diren?~+nrlieNrahd~ro~oir- 1as~..andrwiska~t~~?~oinP~bi~p~t~~raww~-+p'whew ~rirsre(~-e~-feowrl~erse+~•Iw~bewd~M3TC~'1 - 1 ~l~ ` • • 72 r; ~ L WITNESS my hand and official seal this~'7~_ day cf A.`~. 19 . . ~ . ~ .3~ ~ - Notary Public in a~d fw (~'State:c~~FlO ~ ~ My Comm~ssion expires: ~ . • ~ Retum To: ' ~ • ~ - ti: 3 s.i Fint Federal Savings 3 loan Associafion NOTARY P11al.i{~si ~f{Ij~d fLDRIDA et LARGE - oE Forr P,c.ce. MY COMMISSIOPt ~J(PIRES SEPT. 25. 1975 ~ - Forr Vierte, Fiorida gonded By Amer'ican 8ankers Insurance ~•o- ~ f~~f0 AHO RECpR~ ' _ S~. ROGfR PO'tTRAs CLERK C~~CUIT COURT ``I~~ This Instrument Prepared By Richard K~ K2~yes AECORD YERIFIED First Federal Savings 8~ Loan Association of Fort Pierce~ Florida M~t 11 1216 PM'11 ;t x ~ Checked By _ 4~ ° R 200 PAGE~4~.8 2~2~ BOOK ~ N ~ 41 - 1 ~ _ ~ - _ - ~ f 2'~-~~stt 3 ~YR'. . ~ _ _ . . . . . . . _ ~ ~ . t .