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HomeMy WebLinkAbout0299 3. To place and continuo~sly kecp un ~he b~~'d~~}ys now or 6ereefter s~tuate on sa~d land and on aC eq~;p,nent and personalty covered by th~s mor ege, wirh aN prem~ums ~hrreon ~,a.d in iu11, f~re insurer,ce ~n the uwat stond~~d po~~cy form, in a swn aHproved 6y ~he MOR~~.aGEE, and w~~~dsto ~nwrance in ~ha ~suat uandnrd pol.cy fonn, in a s~~n approved by thr MORTGAGEE, in such company or companies as the ht02TGAGEE m d~rect; and all fire and w~nditorm insurance polic~~s on any ol sa;d build~~+gs, any~~i~teresl therein or part thereoi, in the aggrega~e sum afo~esaid in excesa thrreo(, st~al! coro.,in the usval standard mo~~gagee clause or such other tlause as Ihe Mortgagee may requ~re, making the loss under sa~d po c~es, rach and every, payab'e to sa~d A~JRTGAGEE as ~~s fn~crrst may appear, and each and every :uch po~~c~ shall be promptly ass gned and dei~v~red : anp held by sa;d h10RTGAGEE as i~nher security ro iaed n~ortgage debl, and, not !ess than ten (10) days i~ advance of the expiraYon oi each po4cy, to d~ l~ver 1o said MORTGAGEE a renewal thereof, together with a receipt fw ~hr pre~nium oi such ~enewaf; and thrre shali ba no f~re or wi~~dsro~+n inswanc p~aced on a~y oi sa~d bui!dings, any inte.ett the~e~n w parl thereof, unless in fhe lorm and with the loss payable as atoresaid; and in the event any sun i of money becomei payable undr~ such ~,oticy or poGcias sa~d MORTGAGEE shall have ~he opt~on ~o rece~ve and app!y the sa~ne on acco~n~ of the indnbf~d j ness secured hereby or ro perm~t aa~d MORTGAi30R5 ~o reca~ve and use it or any pa~t th::eof ior o;ir~r pur~ os~•s, .~.:~no~t ~h~.~.~r ~v.:~.~,~ o~ ~n,p..~r j ~ng any eqviry, lien or right under w by virtve of this mo-tgage; and in the eveM sa:d MORTGAGORS shall for any reason iai! to kcep the said premises so ` ~n:urrd, o~ fail to deliver promptly any of said pol:cies of insu~ance to sa~d MORTGAGEE, or fail promptly to pay fu~~y any pr.•mium therefo~ or in a~y 1 re:pect (ail to perfwm, d~scho~ge, exec~te, effect, complete, comply with and abide by this covenant, or any p~~t hareoi, said MORTvAGEE may place a~~o ~ pay fw such ensurance or any part thereof without waiving a affecting any option, lien, equity, or righ~ under w b~r virtue of this Mo.tgage, and the full amount oI each a~d every such payment shalt be im~nediatety due and payable and shal! bear interes~ from the date thereof until paid at the rate ot n~ne per ce~wm per annum and togrthcr with such intarest sha{~ be secured by the lien of this mortgage. 4. To permit, commit w suffer no waste, impairmero w deterioration of said property o? any part thereof. 5. To pay atl and s~ngular the coa~s, charges and expenses, induding a reasonable a~romey's fee and cosrs of abstracts oi titte, incur.ed o~ pa~d at a~y ti~r:e by said MORiGAGfE, because or in ttie event of the fa~lure on the parJ of tbe said MORTGAGOR to duly, p~on~pdy and fut{y perform, d~schaige. =xec~re, effett, canplete, comply w~th and ab:de by each and every the stipulatrons, agreements, tond~tions, and covenants of sa~d promisso~y note and ~his n,ortgage any o~ either, and sa:d costs, charges a~d expenses, each and every, shall be immediately dve and payabie; whether w nat ~here be no+~ce da n,artd, ar~e+npl to collect or suit pendirtg; and the full amount of each and every such payment shall bear int,;rest from the date thereot until paid at the ~.~te o~ n~ne per crnsum per an~w,~,; and aU sa~d cos~s, charges and expenses incurred or paid, togeiher wah such interest, ahall be secured by the lieo of th+s mortgage. 6. Tha~ (a) in the event of any b~each of ?his Mortgage or default o~ the part of the MORTGAGOR, or ;b? in ihe event any of satd sums of money he~ein referrrd to be not promptiy and f~lly paid wirhin th~rty (30) days next aiter the sa~.e severa'~y become due and payabte, without demand or notice, cr (c) in thr evenr each and every ~he stip~fationi, agreements, condrt~a~s and covenants of sa.d prom~ssory no:a and th~s mortgage any or either are nm j~ly, proanptly and fully performed, d.scharged, eaecuted, e4fected, completed, complied ~v~~h and ab~ded 5y, then i~ either or any such event the sa~d ag- g~egate sum mentioned in said prom~ssory note then remaining unpaid, with intrrest accrued, and att maneys secured hereby, shall become due and pay- at•~~ fo~thwitb, or thereafter, at the op!~on of so~d h1pRTGAGEE, as fully and completely as if all of the said sums of money were or~ginally snpu:ated ro be pa~d on such ~+~y, anything in sa.d pron,~ssory note or in this N4ortgage to the contrary notwithstandinq; and thereupon or thereafter a? the opnan of sa d MORTGAGEE, v.;thout nor~ce or demand, surt at !aw or in equlty, therzfore or thcreafter begun, may be prosecuted as if ali moneys secur~ hereby r._d maN~ed pnor to its i~stitut+on. 7. That in the event that at the beg~nn:ng of or at any time pending any suit upon this Mortgage, w to foreclose it, or to reform it, or to enforce payment of any ci,~ims here~ndrr, sald MpRTGAG'E sha>i app~y to the Cov~t havenq ~wisd.cr;on thereot lor thz appomunent of a Receiver, such Covn shall } iorrhwirh appomt a receiver of sa~d mortgag~~ property all and singular, indud ng atl and smgu~ar the ir.come, profrts, issues and revenues from whatever s~~~rce de+ived, each and every of ~vl~lch, n tr:~ng express!y understood, is F:ereby morlgayed as ifapec.ficaily set fortl~ and destribed in 1he g~ant~ng and t.>~-erxlum dauses hercv~S, and such Rece~rer shaii have aN the b~oad and effect:ve funct.qns ~nd powen in anyw~se entiusted by'a'Zoort to a Receiver, and s. ;h appointmeot shail be made by such Court as an admiard equity a~id a matter of a5solute rigM fc}' saiA MORiGAGEf; and rrithout reference to the -~-~a~~cy or inadequacy af the value of the properry mongaged or to the so~vency or insolOMey: Of aai~. JdIpRiGACiOR qr ih~ dgfzndants, and that such Tr•>s, profits, inco~ne, issues and revenues shail be appi~ed by such Receiver accord~nq,tqth~,li~n or equity of.ta~~ a80Rt(tiA ~E artd lhe proctice of such CourL . f'. e;~ . : . 8. To du!y, promptly and fully perform, discharge, ezec~te, effect, complete, comply with and abede by each and every the stipvlations, agreements, cond~tions and cuvenanrs m sa~d promissory note and th~s mortgage srt fwth. y 9. That in the event the ownersh~p of the mortgaged premises, or any part lhereof, becomes vested in a person other than the MORTGAGOR, the h'.~RTGAGEE, its successen and ass~ans, may, w~~hout netice to rhe 6'IORTGAOR, deat with wch successor or successor in ia»erest with referente to this ^,o•igage and ihe debt hereby secured in the same manner as w+ih Mortgagor without in any way vit~ating or d~scharging the Mortgagors' liabi:ity her~ : ~:dzr or upon the deb+ h~reby sec~red. No sa:e of the prem~ses hereby mortga9ed and no forbearan~2 on the part of the MORTGAGEE or its successors er assigns and no earens~on of rhe rinee fo~ thr paymen~ oi the debt hereby setured given by the MORTGAGEE or its successws or ass:gns, ai~all operate ro re!ease, dscharge, modify change or affect the origuwl iiau~f~ty of th: NORTGAGOR herein, eit}u? in whoie or io part. - 10. It is spec fcaily agreed that time ~s of the essence of th~s confract and that no waivev of any obl~gat~or. hereunder or of the obligation se- ~ wred hereby shai~ at an~ time thzreafrer be f~cid to be a waiver of the terms he~eof w of fhe insuument sewred herby. 11. In add re : ro the foregc j rno~;eh~y pay»>enfs of pri:7c pal and i~~rerest requ~red by the prom sscry no~e secu~ed he*eb~, m~rtgag~r eovenants d agrces to pay rc ~-.crtgagee ~n~rh ~a:h ~~~;,~~+h'y par~,~ent an add~:ionat sum ~s:~n,a~ed b~r mortyagee to be equal to 1 12 of tltie an:iual cost of the foliow- 3: A-Aif r:-al property taxrs ?ev~e~ or assessed aga~•,sr thc above descr;bcd rea! estate. • 6--0rr: :,~nz on fire and wu:dstc ~nsu~ar~z as herein ~eq~:red to be carried on the :mrrove~ne~ts s~tua:e on the above d.scribed premises. ~-Pre~~-•~u~* s o~ such mortg::ge guaranry ir.surar,ce as mortgagee sha11 frcrr. t me to ti~r.~• d-rem f~t to carry on the loa~ secured hereby. h~o~lgagee sha~i from Lme to t~r:e netify mo•tyagor in wrihng of the amount d~e and paydble he~eundar and such sum shail fherzupon 4se due end +.~b~e on the due aare of the ne.r ~~~onih:~ paym~nf an~ each successive rconth thereaft_r ur.til mortgagee shall not[fy mortgagor of a change in s~ch ~unt. $uth sums sha;i be api: ~ed by mortgaare ~.4ard the payment of real prope~ty taxes, insurance prem,urr:s, a~zd mortgage guaraNy insurance 'cmiums. IN YJI7NESS ti+HEREOF, fhe sa~d MO AGOR has h~eunto set his hand and seal the day and year rzt afo s'd. ~ ~~S~gned, Sealed and deliyer~'in the e~ence of: j i , i ' • ~os~ (Seaq . QL-L_- J OS ZCjO ?i Otl (Sealj ~ - XL~ {s~an ! Helen M. Leon ~~si~ ~ SiATE OF FLORIDA St. l.ucie ~ u- ~OUYTY OF ~ Befort me personally appeared OSV01C~0 M. Leon i Helen IROD - his wiie, to me well knowo s~ ~tq~ar fo the individuala described in and who executed the foregoing instrument, and acknowledged befwe me that they executed ths s~rN1` fot t~'id ~ plt~po~~ rhe~ein expressed. And the said Helet] ~ROA ~;r~•_~:...:'. - Leon ° ~„=e of tr,~ ,~~d _ Osvaldo M. ,{~"~llp r~:aod ~~.a •~•am~nar;on by me ta4e~ separate and apart from her said husband, acknowledged to and before me that she execuled s~i t ft ~ vo{urr t~~~~y and w~thout any compulsion, constraint, appre ns.p~ or fear of w from er s d husband. _ ' ~ ~ .~UI12 ~ ~ c72 WITNESS my hand and offiuaf seal this_ day of q~ 14 ~LJ ' j , ..'a . ~ ~Not ry PubGc irt and f 1FyE Stattr o~ FIcI'ida,~LJer~~, My Comm~ssion expires: I ` e~ Return To: ; First federat Savings 6~ Loan Assoc~af~on ~ T' '=!Jt~ HI ~HnVc N 'r ~ , . . . t ~ ` 1`y~~ Ot Fcrt P.e«e • .L.~i;;...,._,. v~.u~.t.r.~i~t~~~ Fort P~e~ce. Flcrida ~ ~HC. I lED ~ u ~ ~ i~.~UC~E CO~~~Y This Instrument Prepared By:Rottald S. Stut2 ROG a F!~ TRb~ tc, ~ First Federa~ Savings & loan Association CLEaR C1'CUt1 40UAT of Fort Pierce ~ Fjorida aEC01t0 vf+'~~t~D....~¦.+~~ ~ ,la~ l 12 09 P!1'~Z ~ Checked BY : 23Q993 } ~ 800K~V PACf ~ . . ~ ,f,~ ~ - - ~ < _ _ : ~ ~ ~ ~ _ . . N''~ ~ .