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HomeMy WebLinkAbout2663 3. To p~ate and contin~ously keep on the bu~'d~ogs now o~ hrreefter s~tuate on sa~d I~nd and on al~ equipmenf and peno~aliy covered by this mor ege, w~th all premiums ~h~reon pa•d ~n 1u11, Gre insure~:ce in the uwal ste~:d~iJ po,~cy iorm, in a s~m app~oved by ~he MOR~`vAGEE, and w~~~dsto ~ns~rance in the usual s~andard po:.cy form, in a sum appro.rd by the MORTGAGfE, in wch tompany o~ co~npan~es af the MORTGAGEE m direct; ~nd all fire and w~nda+orm insurence pO~~uas on any of sa~d bu~~d.ngs, any int~rest theiein Jr part Ihareof, in the aggregste sum aforesaid ' in excess ~hereof, shall :omain the usva~ Stnitdard mortg ~gte c~ause or such orher dause as !he Mongagee may requ~re, making the loss unde~ sa~d pa c~es, each and every, paYab!e to said 1~tvRTGAGEE as ~~s intcr,-s~ n~ay eppaar, a~~d each and e~•ery wch po!~cy shatl be promptly a~s gned and de~ive~rd + any held by said MOR(GAGEE as f~.~he~ secvr~fy ro said n~o~tg~ge dcut, a~~d, not less ~han ten (10) days in adYente of the exp~rauon of each po~~ty. to d~ Gver ~o iaid MORTGAGEE a renewal thereof, togeiher with a recz~pl for the p~rmium of such renewaf; and fhere shall be no i~re or windito~m insuranc placed on any oi sa~d buildmgs, any inieresl there:n or pa~t therrof, ~n'css in the form and with ~he ~oss payable as aforesaid; and in the evero any sun of money bccomes payable under suc; policy or po~~cies sa~d h10RTGAGEE shall have ~he opt,on ~o recr~ve ~~~d appfy the same o~ accoum oi the indebted ness secured hereby o~ to perm]t sa~d MORTGAGORS ?o recrive and use i1 0~ any part th~:eof fc~ o:i~~~r pur~oses, v.l~no.;t ~h~~~ w~~~~'] ~~~'P;~~ ing any equity, lien w~ight under or by virtue of this mo:tgage; and ~n the tvent sa~d M0~2TGAGORS shatl for any reason fail to kaep the said premisrs so . ins~red, w fail lo dttiver promptly any oE said po~+c~es o1 insa:rance ro sa~d MORiGAGEE, o~ fai: p:omptly to pay fu;ty any premw~n therefor or in anY respect fail to pe~fam, d~scharge, execute, effect, canplcre, comply wi~h and ab~de by th~s covena:it, or any part h~•~eof, sa~d MGRTGAGEE n,ay piace a~~d pay fw suth inwrance ot any part the~eof w~thout waiving w affacting any optlon, lien, equ~ty, or nghf u~det o? by virtue of thls h.ortgage, and tht full amoont of eath and e~'ery suth paymrm shall be nnmediately due and paya6le and sholl brar interest from the date thercof until paid at the rate ol n~ne per ceroum per annum and to~ether with such interest she~a t>e sx~red by 1he I~eo of thfs mortgage_ 1. To permil, commit or suf(er no waste, impairment or dtteriorat~on oi said property w any part thereof. 5. To pay all and singular the costs, charges and expenses, ~ncluding a re.:sonable attorney's fee and costs of abst~acts of title, incurred o~ paid al any time by said MORiGAG~E, because or in the event of thr fa~iure on the pari of the said MORTGAGOR ~o duly, pro:nptly and futly perform, d~scharge, execute, effect, camplete, comply wuh and ab:de by each and every the st~pclat~ons, agreaments, condinors, and covenanrs oi said promizsory note and th;s mortgage any or either, and sa:d costs, charges and expenses, each and avery, shall be immrd~ately dua and payable; whether or not there be not~ce d~ mand, attempt to coUect or suit pend~~g; and the full a~noum oi each a~~d every such paymem shall bea. interest from the date thereof untit paid at the r,,te oi nine per crntum ~x:r annu:n; anc' all said costs, ciiargea a~~d earenses irxurred o~ paid, togrther w~th such interrst, shall be secured by ~he lien of thit mortgsge. 6. That (a) in the event of any breach of Ihis Mortgage or default on the part of the MORTGAGOR, a(b) in the eve~t any of sa:d sums of money herei~ referrrd to be not promptly and fuUy paid with~n fh.rty ~30i deys next airer the sa~ne severa'ly become due and payable, without demand or notite, or (c) in tha event each and every the stipula~io~s, agreemenu, co~idd:io~s and covenants of sa d promissory note and th~s moitgage a~y or either are not ~uly, promptly a~d ful~y performed, d~scharg_d, executed, etfected. completed, compl~ed with and a6~ded 5y, Ihen in either or any such eveM the said ag g~egate sum mentioned in Said promisswy note thrn remaining unpa~d, with intrre;t acuued, and all moneys setured hereby, shdll betome due and pay at',~ fortharith, or thereaftcr, at the option ot said MORTGAGEE, as fvliy a+~d comple~r~y as if ali of the sa~d wms of money ~+rerc wiginatly st~pulated ro br paid on such day, anything in sa:d pro~r.~ssory nore or in this Mortgagr to the contrary notrvithstanding; and thereupon or thereaher at the op~~on of sa:d MORTGAGEE, without notice or demand, suit at taw or in equny, thereiore w thereafter begun, may be prosecuted as if all.moneys secured hereby n~d matuted pnor to rts institution. 7. That ~n the event that at the beginning of or at any t~me pend~.~g any su~t upon th~s Mortgage, or to fweciase it, or to reform it, o? ro enforce payment of any claims he~eunder, said MORTGAGEE shall app!y to the Cou.t having ~w~sd:ction thereof ior the appo~ntment of a Receiver, such Court shail fo:rhwith appoint a receiver of said mortgaged property all and sir~~utar, inc:vJ ng afl and su,gular the inco~ne, profits, issues and revenues from whatever sovrce derived, each and every of wh~ch, it be~ng express!y undersfood, n ke~eby morrgaged as if apeciiically set fonh and desuibed in 1Fx granting and habe:idum dauses hereof, and such Receiver sha11 have alt the broad and ef't~~c+~re f~ncf.ons and powers in anywise entrusted by a Cou~t ro a Receiver, and s_ch appointment shalt be made by s~ch Covrt as an ad:nitted equity and a rnaner oi abso~ute righ~ to said MORTGAGEE, and w~thout reference to the adequacy w inadequacy of the value of the p.ope~ty mortgaged or to the so.vency or ;nsoiveney of said MORiGAGO~Z w the defe~dants, and that such ems, profits, incane, hsues and revenues shall be appl~ed by such Rece~ver ar.ord.ng to the lien or equiry oi said MORTGAGEE and the practice of wch CouA. 8. To du~y, p~w*~p1ly and fulfy perfo~m, d~scharge, execute, effect, comptete, comply with and abide by each and every the stipulations, agreements, conditions and covenanta in sa~d p~omisswy noee and th~s mortgage set forrh. 9. That in thr event the owners!~ip of the mortgaged premises, or any part thcreof, becomes vested in a person othe~ than the MORTGAGOR, the t:.ORTGAGEE, its successors and ass~gns, may, witho~t notice to ihe ASpRTGAOR, deal with s~ch successor or successw in interest with reference to this mo.tgage and she debt hereby secured in the same manner as with Ntortgag0~ w~thout in an~ way vit=ating or d~xharging the Nbrtgagors' Iiability here- urder w upo~ the debt hereby secured. No sale of the prem~sez hereby mortgaged and no forbearance on the part of the MORTGAGEE w its successors or assigns and r.o eatension of the time for the payment of !he deb~ he~eby sec~red given by the MORTGAGEE or its successors or assigns, ahal~ operate ro re!ease, d~scharge, modify change or affect the or~g~nal liab::~ty of the h'.ORTGAGOR herein, eithe~ in whole w in part. 10. It is specifically agreed that time is of the esse~ce of th~s contract and that no waiver o! any obligation hereunder or of the obligation sr cured hereby shati at any time thereafter be he!d to be a wa~ver of the terms hereof w of Ihe instrumer.t secured herby. 11. In add,tia~ to the fo~egdng month!y paym_nis of p~in~ ~al and inrerest requ~red by rhe prom sscry no~e secwed he~eby, mortgagar covenanes ' ~~,d agrces to pay ro mo-tqagee v~.iih each monrh!y pay~.:ent an odd~rionaf wrt, rs~.:~ ated by mortgagee to be equal to 1, 12 of the annual cost of the follow- ng: ~ A-AII real property taxes lev~e~ or assessed agai•,st ~h= above described r:-af estate. l B-Pr:rr.iums on fire and windstor~n ~nsurarce as herein req~;~ed to be carried on the ~mproveme~ts situate on the above des:ri5ed premises. j C-Premiums on such mwtgage guaranty ir.wrar,ce as mortgagee shai{ from nme to t~~ne deem fit to tarry on the {oan secured hereby. i Mortgagee shail from n~ne to t~rne no:~fy mo~tgago~ ~n w+it:ng of the a-nou~t due and payable hereundrr and such sum shall thereupon be due and ~ i syable on the due dare oi the ~ext mOnihi/ payment and each successive monrh fhereafter ur.ti~ mortgagee shafl nonfy mortgaqor of a change in such a-~ount. Such sums sha~l be appiied by mortgagre torvard the payment of reaf properry taxes, insurance pre~•umsi and mortgage guaranty insurance n•emi~ms_ ~ IN YlITNE55 YJHEREOF, the said MORTGAGOR has hereunto set his har,d and scal the day and year first afore~aid. , ~ ' ned, Sealed and delivered in the presence o4: i / ~ ~ : u ' ~6vl~. ~a~ ~ 1Chard J. roso ts~an witnesses as to signature ~ cxaq ~ of Barbara K. Troso Barbara K.• Troso ~~aq ~ ~ SiATE OF FLORIDA ~ $t . 1a1C 1@ ~ ~ COUNTY OF - ~ _ ~ Richard J. Troso Sefore me penonally appeared ~ ~ ~ tol m vw~l' nomt;end•known ,~o me to be the individ~alf described in and who executed the fo~egoing instrument, and acknowledged before me tfiat Ihe~A~i,~ti~y~atrl0 ~fa ths purposes ~ - therein expressed. ~a+daF+s~~'~' • ' ~ ~ ' ~ mfs~£~lae3af~ '{:-„a°:~;~~?IWiff ~ om~stim3~ss~~scs~pomm~dlpaa~caa~~?st~sttilQt~liraRc~~~~~er'v,"rr~e~heFaT+c~~si(tlt _ { ::j : X bo ~ hb=i~t~td~od5ovt~2a~~~ramr~hemm a3rseafa~ors3w~s~bc~lssr.f~ - - . °7~`'-, WITNESS my hand and official seal ~Fris-- day of Pta?rch V + ~/b~ 19 72 ' ~ ATE OF FiAR~ Louisiana ~ ~ oh Ea s t Ba to n Ro uge ~ .hotary. Pubiic in and for tM S~a ~ ~ My Comm~ssion expires: ~ j~~ ~ ~ ~ ~ Sefore me personally appeared Rarbara K. TZOSO y a11d h~-~o(s, ro m well known and known fo me to bs ~ the individua~ described in and who executed the fwegoing instrument, and acknow{edged before me that 9he~executed the same fw ihe purposes therein ~xa~Kd. n~,d rrx ~~a Barbara K. Troso ~•Ife of the said R1C~1'~X~ -.3• TYOSO vpon a separate and privsts `a~ e=amination by me taken ibpsrafe•~d ipart from her sald husband, acknowledged to and before me thal she executed sa~d instrument freely and volun- ~ rarity and w~thout any wmputsioil, tot?st~siat, appcehens~on, or fear of o? from her said husband. ~3 ' WITNESS my hsnd and b~fitial seal .thi+ day of March A. D. 19 72 ~ . ~ ~ ~ at ?s'~ lE~ AN~ AEC~R Notary Public in and for the Sta~ rida at Larye ' ~ u C 1 E C O U M T r M y C o m m~ s s i o n e x p i r e s: • ~dwell, Jr. ' Retum To:. ~ ~ER r01tRA: NOtary PubliC ' ~arish Ot East Batan Rou s fint Fede?al Sav s A~ loan Auociat ~ c~ER~ aRawt ~r 44~ g Of Fwt P~erce. S~tA O/ LpU151.3f18 ~ ~ RECOR~ ~~R~ilEO ~,y ~mm;u~ ~s For LH~ s fort Pierce, fbfida ~ I _ . _ M~t t9 2 43 tM'tt ~ _ ~ _ ~~,~;:y . ~ . - - - ~ ~s` ~ , _ } ~~:'~~`~~1~'~:~ > 4*i.~ ~M . -n . . . ~ s~=~S'G~~.~