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HomeMy WebLinkAbout2449 3. Ta p!.+ce and ccntinuously keep on the bui:dings now or herea(te~ s~tuate on sa~d land and on aC equipment and personally covered by thii ma ege, wlth all pre„.i~:~~s thereon ~~ad in futl, I~~e insurance in thz vwal srande.d po~~ey form, in a sum approved by the MOR~GAGE[, and w~:~dsto ~ns~~rancr in fhe usual sta~idard poLty form, in a sum approvrd by the MORTGAGEE, in such company or companies as Ihe AtiORiGRGEE m duc~ct; and aU (:re a::d w~ndsrorm insurance pol~c~os on any of said bu~Id~ngs, any interest therein or part thereoi, in the aggr.:gate sum afores~id in e~crss th•_ ~eoF, eh~ll ;onf;~n the usual sta~:d~~d rnort9agee c:ause or such othe~ clause as the Alortgagee may requ~re, maAing the ioss u~dr~ sa~d po c~rs, e~ch and every, pa;~b~e ~o sa~d MORIGAGEE as ~ts ~nierrst may appear, and each and every such poi~r~ sha!1 be promprly as:gned and deGvered ~ any h..•IJ by sa~d h10RfGAGEE a; fur~her s_curity to sa~d mortga¢e deb1, antl, no~ less Ihan ~en (10) days ir. advance of the explro~ion of each polity, lo d~ t;ver to ia~d h10RiGAGEE a renewal thcreof, together with a rece~pt for the premium of such renewat: and there shall be no i:~e or windstorm insuranc placed on any of sa~d b~ild~ngs. any interest therein or par~ thereot, unless in the form and wifh the loss payabie as aforesaid; and in the event any sun o+ n,oney b~•co~nes payab!e undrr such policy w poGues sa~d htORTGAGE[ shal! have the opt~on to reco~ve and app!y thz same oo account of the indzbted r_~ss iecur~d hc'r~by or ro prrm]t safd MORTGAGORS to receive and use it or any p:~rt th•~:~~f tor cr~~.r pur; os~•z, ,~,.~ho.:t ih_~r~uf .v_~~~~~ o~ m~p~~~ ~n~ any eq~~ty, i~cn or right undar or by virlue of Ihis mo:tgage; and in the event sa~d ti10RTGAGORS shaU ;or any reason fai) to keep the said premises so :nsvr<•d, or fai{ to drl~ver promNtly any of said poGc;es of insurance to said MORTGAGEE, or fa~l p:omptly to pay fu+ty any pre~nium therefor w in any ~espect fail to perfcnn, d~schaige, eaecute, e(fec1, comp~ete, comply wirh and ab~de by this covenant, or any part hrreof, said MGRTGAGEE may pface and p: ~ fo~ such insur.~n.e or any part thereof without waiving or afFec~ing any opuon, lien, equ~ty, or nght under or by virtue of th~s Mo~tgage, a~d the i:;ll ~~nount uf each and every such payenent shall be i~umediately due and payable and shall brar interest from the date th~reof until p~id at the rate ol ,.ne p~•r cu~,~u:n per an~~u:n ~nJ tu3:-thar vr~th such interest shai~ be sewrrd by the lien of this mortgage. d. To permit, tommit w suffer no waste, impairment or deterioretion of sa:d property or any part thereof. 5. To pay all a~d s~ngutar the costs, charges and expenses, includ~ng a reasonable attorney's fee and costs of abst~acts of title, incurred or paid at any n~rc by sa~d MORIGAGEE, because or in the event of the fa~lure on the pan of ~he said MORTGAGOR to duly, prompNy and fully perform, d~scharge. : acwte, efiect, compieta, canply wah and ab:de by each and e.ery the stipulanons, agreements, condi~ions, and tovenants of said p.omissory no~e and this ~~ortgage any or e~~hrr, and sa!d costs, charges and expenses, each and every, shall be immediately due and payab:e; whether or not there be notice d~ r.~,nd, at~e~npt to co:lect or s~it pend~ng; and the full ainount of each and every such paymem shall bear interest from the date thereof untii paid at the o~ n~~x; per c~•ntu~n per an~~u n; ~nd a~l said costs, chargcs and expenses incurred or paid, together w~th tuch interest, shall be setured by the lien of th~s mortgage. 6. That (a) in the evrnr of any breach of this Mortgage or default on tl~ part oi the MORTGAGOR, or (b) in the event any of sa~d sums ot mo~ey h:-reio ~eferred to be ~wt pro=nprly and fuNy paid within th~rty t30) days next aiter the same severa:ly become due and payable, without demand o? notice, or ~c) in tht event each and er-ery the stipu~ations, agreements, cond~tions and covenants of sa:d promissory note and th~s mortgage any w either are oot i.,:y, prornp0y and f~:Iy performed, dscharged, ezecuted, effected, canpteted, compiied with and ab~ded 5y, then in enher or any such eveM the said ag- ~r•,gatr sum ment~oned in said prom~ssory note then remaining unpa~d, with iroere;t accrued, and all ~noneys secured hereby, shall become due and pay- a fcrthwith, or thereafter, at the option oi said MORTGAGfE, as fully and completely as if all o( the said sums oi money were origina!!y st~pulated 5e pa.d on s~ch dcy, anything in sa.d p~omissory note or in this Mortgagc to the contrary nmwiihstanding; and thereupon or thereafter at the opt~on of d IL•~ORTGAvEE, wehout nonce o~ demand, su~t at law o~ in equity, Ihere`ore or thereafter beg~n, may be prosecWed as if all moneys secured hereby c-:d matured p:+w to ~!s instrtunon. 7_ That in the event that at the beginning oi w at any time pending any suit upon this Mortgage, or to foreclose it, or to re(orm it, or to enforce F.~~ment of any r'.~~ms he~eunder, sald MORT(;AGEE shail zpply to the Courl having jurisd~ction thereof for the appomtmem of a Rece~ver,-such Co~rt shall rc-rn,v;ih apF:oinf a receiver of said mertgaged property all and singular, indud~ng all and singv~ar the income, p~ol~ts, issues and revenues fran whatever s~;~ce drrived, each and every of wh~ch, ir being expressly unders~ood, ~s hereby mortgaged as if spec~~icatly set fonh and described in tFw grantirtg and ~ xndwn c!avses her_of, and :uch Receiver shafi have all the broad and effective funct.ons and powers in anyw~se entrusted by a Court to a Receiver, and ,.h arppin!ment sh3ii be made by svch Co~rt as an admitted equity and a matter of absolute right to said MORTGAGEE, and without reference to the :_.,~,cy o~ inadcy:,acy of the value of the orocerty mortgaged or to the so.venq or inso~vency of said MORiGAGOR o~ the defendants, and that such `~n, profits, +ncome, issues and revenues shaU be appGed by such Rece~ver accord~ng to the Iien or equiry of said N.ORTGAGEE and the prectice of such ~ourt. 8. To du!y, pron,pt:y and fully perform, discharge, execu~e, e{fect, compfete, comp~y with and abide by each and every the stipulations, agreements, :~:~d~t~ons and cov~~nan~s ~n ~a~d promissory no!e and th~s morrgage set forth. 9. That in the event the ownership of the mortgaged p~emises, or any part ther~of, becomes vested in a person other than the MORTGAGOR, the :^•RTGAG irs success:,rs ar.d ass~gns, may, wishout no~ice to the A'10RTGAQR, deal with such successor or wccessor in interest with reference to this •~•rgage ard she d-:o~ hereby secured in the same manner as with lAortgagor w~thout in any way vit~ating or d~schargi~g the ~1lortgagors' liability here~ _ de: cr upon tn~ d~~bt hereoy sec~red. No sale of the prem~ses hereb; mortgagcd ar.d no forbearance on the pan of the RAORTGAGEE or its successon ass~gns and no exrr~slon of ihe t~me for the payment of the debt hereby secured given by the MORTGAGEE or its successws or assigns, ahall operate ~o re~ease, d.scharge, modify ~hange or afFect the orig~nal I~ao~iity of the M,ORiGAGOR here~n, either in whole or in part. 10. It is speCf~cath~ agreed that time is of the essence of th]s contract a~d that no waive~ of any obl~gation hereunder or of the oblgat'an se- c~•ed hereby sha~~ at any time thereafter be he'.d to be a waiver of the terms hereof or of the instrumeM secured herby. 11. I.~ ,:;i~+ t:o~ to ihe foregc ng month!y p3y~n~MS of princ'pai and ir.terest reqv~red by the prom sscry nore secured hereby, mortgagor covenants agr_•<s to ;~ay to ~t:o-tgagee ti~~th each month~y payr.~ent an add~rional su~n est~rnared by mortgag0e to be eg~al to 1, 12 of the anr.ual cost of the follow- A-,>~f ._ai property taxes lev~e.a. or assesz_d agaiast thc above described rea~ estate. 6 Fr, :,s on fir> and r~lndstor~n ~nsuracce as hPre~n requ;red to be carried on the improveme~ts slr~ate on the above d=scribed premises. C- P~e,. :u•~ s o~ wch mort~,ge gvaranty ir.surar:ce as mortgagee shall from t~me to time deem fit to tarry on the loan secured hereby. i L'or!a~qee s^a ~ Eram t~me to time notify mortyagor in writing of the amou~t d~e artd payable hereundar and such svrn shall thcreupon be due and i ..~.'e o~. th~ d~~ ca+~ of the ncxt month:y oayment and each successive mon+h the:eaftar untii mortgagee sha11 notify mortgagor of a change in such ~ ~;~t. Such sJms s^a.l be app!ied by mortgagee toward the payment of real property taxes, insurance prem:ums, and mortgage guaraMy insurance ` . •~~•~iums. ~ IN ':!lIPJESS :':HER~OF, the sa~d MORTGAGOR has hereunto set his hand and seal the day and year first aforesaid. ~ Signed, Seated and de!Ivered in the presence of: s ~ ~ d H. Hug e5 ~~a~~ - ~ s~aq Mar ou Hu he • . _ . :TE OF FLORIDA 1 ` . _,f~ , = _ _ JU!JTY OF $t . Luc ie ~ ~ - . - Sefore me perwnally appeared HOward H. Hughes ~ _`arid _ I~'~Iy? I.OIl HL1Q~'1C5 his wife, to me well know~ and-~nowd.to rye,fd be , ind~viduals descrioed in and who executed the foregoing instrument, arx! acknowiedged before me that they execufed the.same f~ theRurposes ~ ~~•_-e~n expressed. And the sa~d ~Yy ~.OU Hughes • '•••~..-,•''C. of the said _ HOirald H. Hughes upoh a sepaiate and private '••-,'nat:cn by me taicen separate and apart from her said husband, acknowledged to and before me that she executed said instrument freely and voluo- ...y a~~d w:rhout any compu~sion, constraint, apprehen on, r fear of w from her uid husband. WITD~ESS my hand and ofi~cial seal this_ ~ day of Au uS A. D. 19~_ ~ ~ ~ ~ :.~_M tary Pub . in and for the State of r e ~ My ion expires: Return io: ~ ~:rst Federat Savings b toan Associat~on {'tCRry PIt~K, State ol florid~ at luye ~ o~ ~o,~ P.:~~ tirll~ Comaussan Eapira~ feb. 16, 1974 ~ Fort P~_: ce. Flor~da N~Nd ~r A~~ s~~ ~ fILED :2fCJR+1E0 ~ St.LUCI; LLON^AS`~ ( ~ This Irestrument Prepared By : J. H. RObeYts~ Jr. ~~E~ti :~.j1~ ~flu~T First Federal Savings S~ Loan Association Fc~<<~ of Fort Pierce ~ FlOrida 33450 ;L 34 pu ~ ~ ~U 1 << Checked BY BOOK PAGf ~~~v ~ ~~8.~2 *lh - - _ - ~ ~ f ; ~ ~ - , , ~ . ~ ~~~«4~~.~~. . .