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HomeMy WebLinkAbout0160 1 ~ : t ~ 3. To place and continuously keep on the bui!dings na+v or hereaRer ~ituate on said land and on all cquipment and personally covered by this ma ~ ege, w~th ell premiums thereon na~d in i~ll, fire insurance in ~he uwa{ staixiard polity form, in a sum aFproved by the A!ORiGAGEE, and windsto Insura~ce in Ihe usval s~andard pol.cy Iwm, in a sum approved by the MORiGAGEE, in such company or companie~ as the h~ORTGAGEE m ~ d~rec~; and aU (ire and w~nds~orm insurance poGcies on any oi said build~ngs, any inlerest ~herein or part thereof, in the aggrega~e sum aforesaid r~ in exceas thereof, shatl eonrain the usual standa~d mwtgagee clause w such othe~ clause as ~he Mortgagee may requ~re, making the loss undar sa~d po c~es, each and every, payable to said MORiGAGEE as its interest may apFear, and each and every such po!icy shall be promptly ass gned and de:ivered ~ any held by said MORIGAGEE as further sewrity to sa~d mortgage debt, and, not less Ihan ten (10) days in adra+ue of the exp~ration of each poGty. 1o d~ t:ver to sa~d MORiGAGEE a renewal thereof, togeiher with a rece~pt fa the premium of such renewal; and there ahall be no 1~re o~ winds~or~n insuranc placed on any of said buildings, any interest therein or part thereof, unless in the form and with the loss payable as aforesaid; and in the e~ent any sun of money becomes payable ~nder such policy or policies said MORTGAGEE shall have the opfion to recefve a~~d apply ~he same on accoum of ~he indrbi~d +~~~ss sewred hereby or to permit sa~d MORTGAGORS to reeeive and use it w any part the:eof ior o:ira pur~•~ses, v~~thout ~h~~~u~ .v.:i.~~~ cr ~mp~ir ~ng any equity, lien w righl under or by virtue of this mo:tgage; and in the event taid MORTGAGORS shall for any reason fail to kcep the said p~emises so :nswed, or fail to delive~ pranptty any of said polrcies of i~surance to said MORTGAGEE, or iail promptly to pay 1ulty any premium therefo~ or in a~y re~pec~ fail to pertorm, discharge, execute, e(fect, complete, comply with and abide by this cove~ant, or any part hrreof, said MORTGAGEE may place and pay for such insurance or any part thereof w~thout waiving or affecting any option, lien, equ~ty, or r~~ht under o? by virtue of th~s Mortgage, and the full amount of each and every such payment sha11 be immediately due and payable and shall bear interesl from the date thereof until paid at the rate ol n,ne per centum per annv:n and together with such imrrest shoii be secured by the lien of this mortgage. 4. To permit, commit or suffer no waste, impairment or deterioration of said property o? any part thereof. Q 5. To pay all a~d :ingular the costs, charges and expenses, including a reasonable attorney's fee and costs of abstrads of title, incurred or paid at ~~,y time by sa~d MORfGAG:E, because or in the event of the falture on the part of the said MORTGAGOR ~o duly, promptly and fully perform, d~scha~ge. axecute, elfect, complete, compty ~v~th and ab:de by each and every the stipu~atio~s, agreements, conditions, aad covenants oi said pran~ss~ry note and fhis ~:o~tgage any or ei~her, and sa:d costs, charges and ezpenses, eae4~ and every, shall be immediate~y due and payable; whefher or not there be notice dr ~ r.„3nd, attempt to coiiect or suit pending; and the tull amount of each and every such payment shall bear iroeres~ from the date thereof until paid at the ~ r,:re o! nine per c~ntum ~r annu:n; and ail said costs, charges and ezpenses incur~ed or paid, together w~th such interest, shall be setured by the lien of Ihis mortgage. ~ 6. That (a) in the evenl of any breach of this Mortgage or defa~lt on the part of the MORTG~GOR, er (b) in the event any of sa:d sums of money g h~~rein referred to be not promptly and fully paid within ~h~rty (30) days next after the same seve•atly become due and payable, without demand or noticr, : or (c) in thr evero each and every ~he stiputations, agreemeNS, conditions and covenanrs of sa:d promissory note and th~s mortgage any w eithar are no1 ? iuly, promptty and fully pe.formed, d~scharged, executed, effected, completed, compiied with and abided Sy, then in eifher w any such event the said ag- 3-agate sum memioned in said promissory note then remaining unpaid, with imerest atcrued, and alt moneys set~red hereby, sfiall become due and pay- ~o forth.vith, or therea4ter, at ~he option ~f said A10R7GAGEE, as iully and completely as if ali of the sa~d sums of money were origina~ly stiputated r,: hr pa~d on such dcy, anything in sa:d promissory note or in this Mwtgage to the co~trary notwithstanding; and thereupon or thereafter at the op~~on of s~ d MORTGAGEE, without notice or demand, suit at law or in equity, the~efore w thereafter begun, may be prosecuted as if all moneys secured hereby r,_d matured prror to its institution. 7. Thaf in the event thaf at the beginning of or at any time pending any suit upon this Morfgage, or to foreclose it, or to reform i1, or to enforce {~ayment of any ciaims he.eunder, saed MORTGAGEE sha~l apply to the Cou~t having jurisd~ctton thereof for the appoiniment oi a Receiver, such Court shai! t_~~hwirh appoint a receiver of said mortgaged property all and singular, inctud~ng aif and singular the income, profits, issues and revenues from whatever s,~ce derived, each and every of which, it being expressly undersrood, is hereby mortgaged as if spec~(ically set for~h a~d deuribed in the granting and t,cendum ciavaes hereof, ar.d such Receiver shal{ have all the broad and effective funct,ons aod powers in anywise entrusted by a Court to a Receiver, and s, :h appointment shail be made by such Court as an admitted equity and a matter of abso;ute right to said MORTGAGEE, and without refereoce to the r;i•_quacy or inadequaty ot the value of the property mortgaged or to the sotvenq or insolvency of said MORiGAGOR or the defendants, and that such ~!s, profits, inco~ne, issues and revenues sha~l be applied by such Receiver according to the iien or equity of said MORTGAGEE and Ihe practice of such Court. • ~ 8_ To duly, prompt:y and fully periorm, discharge, execute, effecl, complete, comply with and abide by each and every the stipulations, agree~nents, :..ndit~ons and covenanrs in sa~d promissory note and this mortgage set forth. 9_ That in the event the ownership of the mortgaged premises, or any part thereof, becomes vested in a person other than the MORTGAGOR, the ~R7GAGfE, its au:cessors ard ass~gns, may, w~~hout notice to the MORTGAOR, deal with such successor or successor in interest with reterence to this n o•tgage and the deot hereby secured in the same manner as with ~dortgagor without in any way vitiating or discharging the Mortgagors' liability here- :~•,:ier or upon fhe de6~ hereby sec~red. No sale of the premises hereby mortgaged and no forbea~ance on the part of the /AORTGAGEE o~ its successors or ass~gns and no exrension of the time ior the payment of the debt hereby secured given by the MORTGAGEE or its successors or au:grts, aliall operate ro re+ease, d~scharge, modify change or affect the orig~nal liability of the MORiGAGOR herein, either in whole or in part. 10. It is spec~fically agreed that time is of the essence of this contract and that no waiver of any obligation hereunder or of the obligation se- a,red hereby shaf~ a~ any time thereafter be held to be a waiver of the terms her f w of the instrumeM secured herby. 11. In add,t~o~ to the forego'n9 monthly paym~nts of print pal and iotere required by the promissory no!e secured hereby, mortgagor covenant; , d agr~FS to pay ro n:o:tgagee ~nith each monihly pay~,:ent an add~~ional sum rimated by mortgagee to be eq~al to 1; 12 of lltie annual cost of tbe follow- , _ A-Alt real property taxas lei~ed or assessed against the above des ~bed red~ estate. 1 B- Prerr~ums on fire and windstorm ins~rar.ce as herein requ~red t be carried o~ the improvements s~tuate on the above d=scribed premises. C-Premiums on wch mortgage g~aranty ir.surar~ce as mortgagee hall from time to time deem ii1 to tarry on the loan secured hereby. ' Mortgagee s6all !rom time to t~me notify mortgagor in wri!ing o the amouM due and payable hereund~r and svch sum shall thereupon be due and ~ ~ ..,-,ble on the cSue date of the ~ext moMhl~ payment and each success e month thereaft:r ur,ti~ mortgagee shall notify mortgagor of a change in such ' ,,~unt. Such sums sha:i be app!ied by mortgagee roward the payment of al property tazes, insurance prem:ums, and mortgage guaraMy insurance ; , ~~niums. f IN Y1ITNESS 'T1HER~OF, the said MORTGAGOR has hereunto set his han and seal the day and year first aforesaid_ ~ Signed, Sealed and delivered in the presence of: ' ~ r'_' Seal) r ~ (Seal) ~ ~ ~ (Seal) y ~ _ (Seaq ~ / i Si:+iE OF FLORIDA t St. Lucie f ~ ~JUNiY Of 1 ~ ~ - eefore me penonally appeared - _ Ha2@Z Harris ~ 8 W1dOW ~ _ _ ~ ~fiis~wfe, to me well known and~known to me to be ih= individuals described in and who executed the foregoing instrurr~tnt, and atknowledged before me that they executed the same for the purposes ? ~s rherein expressed. "RT1d~4tl~sei~ ~ A;~4~~I1C'~Sald _ ~ ~O~T47L'pa/MC°a11~~P1Yl1! o.a.raas:o~~r ~~~ic«~. ~e~e•awi ~MM ~r~~w ~»r-e~i i~rsbawi, ~a~kwo~.dged ~o- end ~ieFe?e+ne yhef-ei+~ exeeeted ~a+d~inatrerwe++t~fxelT and~wleR ~ ».~,ir w~ ~n.ti~wi? ~ .c~rwpwl~i~nr ~ows?r~iwfr ~~hewsio~ is~r ~or ~ww~ ~~aid~ Ix»6~ndr ~ WITNESS my hand and official seal this ,~'S' day of A. D. 19~~ ; - ~ . ry Notary P in and for the State of Florida at targe ~ My Com ' sion expires: ~ Retum To: G/ J 9~J ~ ~ First Federal Savings d~ loan Association i ~ Of Fo~t P:~ «e. ~ NOTARY PUBLIC STA~ OF FInRIDA A ~ Fort Pirrce, iiorida MY coti~ra~ssr~~• EXPIRES AUG. T~ aRGE ~ ~ GENERAL ~NSURANCE UNDERWRITER~1 N~ ~ ~ . ~ ~ : . ~ FIiEO aMD ~ECORDE~ ~ This Instrument Prepared By Wm. B. Braun - S7. LUCiI COUNTY F~A. ~ First Federal Savings 8 loan Association . _ ROCEn P~i;RAS ~ of Fort Pierce, Florida RFCO~o vE~ FiEC ~OURT Checked By o~~ ` SEP S ~1 Q6 PM ~7Z ${!GK ~Gt1U PAGE , , 23'73~4 f~ ~ _ - _ , _ - - - - - _:4.