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HomeMy WebLinkAbout1348 3. To place and continuously keep w+ the bui:dings now or hereafter eituate on said land and on ali equip~nent and personaily cove~ed by this ma age, with all premiums thereo~ pa~d in full, fire insurance in the usual standard policy form, in a sum approved by the MOR~GAGEE, and windsto insurance in Iha usual standard pol;cy form, in a sum approved by the MORTGAGEE, such canpany o~ compan+es as the MORiGAGEE m d~recr; and all firo and w~ndstorm insurance po~~cies on any of sa~d build~ngs, any interest therein or parl thereof, i~ the agg~e9ate s~m aforesaid in sxcess Ihereof, shall contain the usual standard mortgagee clause a such o~her clause as ~he Mo~tgagee may requ~re, making the loss undrr aa~d po des, each and every, payab!e to said MORTGAGEE as iti interest may appear, and each and every such potrcy shatt be promptly ass gned and deGvered + any held by said MORIGAGEE as (urther security ~o sa~d mortgage debt, and, not less than ten (10) days in advance of the expirat~on of each policy, to d~ 6ver to said MORiGAGEE a renewal thereof, logether with a?eceipt for 1he premium of such renewah and there shall be no i~re or wi~idstonn inw~anc pt>cYd on any of said b~ildings, a~y interest therein w part thereof, unless in the form and with the ~oss payable as aforesaid; a~d in the event any s~n of money becanes payable unde+ such poticy or pol~ues said MORiGAGEE shall have ~he op~~on to rece~ve and apply the ume on accoun~ of the i~debted ness secured hereby w to permit said MORTGAGORS to receive and use it oa any part the:cof io~ oti~rr purposes, v.~~hout th_~~ u~ w~r+~.~3 or in~p..~~ inq any equ~ty, lien o~ right under w by virtue of this mo:!gage; snd in the evenl said MORTGAGORS shall `a any reason fail to keep the said premises so ini~red, or fail to deliver promptly any of said policies of insurance to said MORTGAGEE, or faif p:omptly to pay futly any pre~n~um theretw or in a~y respect fail 1o prrform, d~scharge, execute, ef(ect, compfete, comply with and abide by this covenant, or any part hrreof, said MORTGAGEE may place a~~d pay for such insurance or any part thereof without waiving a affecting any option, lien, equ~ty, or ~ight under or by virtue of this Mortgage, and fhe full amount of each and every such payment shall be immediately due and payable and shal( bear interest from 1he data thereof ~ntil pa~d at the rate ol : n~ne per centum per annum and together with such interest shaH be secured by the lien of this mortgage. ~ 1. To permit, commit or suffer no waste, impairment w deterioratio~ of said property or any part thereof, t 9 S. To pay all and singula? the tosts, charges and expenses, including a reasonable attwney's fee and costs of abs?racts of title, incurred or paid at { any time by said MORTGAG:E, because or in the event of the failure on 1he pari of the said MORiGAGOR to duiy, promptly and fully per(orm, d~scharge. 3 :,cecute, effect, complete, comply with and ab:de by each and every the stipulations, agreements, conditions, and covenants o1 wid promissory note and th~~ ~ mortgage any or either, and sa:d costs, charges and expenses, each and every, shall be immea~iately due and payable; whelher or not there be notice d~ mand, attempt to collect or suit pend~ng; and the full amount of each and every such payment shall bea. inrerest 4rom the date thereot unril pa~d at the : rare of nine per centum per am~um; and all said costs, charges and exptnses incurred w paid, together w~th such interest, shall be secured by the lien of this ? mortgage. ~ 6. That (a) in ~he event of any breach of this Mortgage or default on tF,e part of the MORTGAGOR, u;b) in the eve~t any_gf sa;d sums of money • herein referred to be not pro.nptty and futly paid wi?hin thirty (30) days next after the same severai:y become due and payabte, without demand or notice, or (c) in the event each and every the stipuiations, agreements, conditions and covenants oF sa;d promissory note and th~s rteortgage any or either are not iuly, promptly and fully performed, d~xharged, executed, effected, completed, complied w~th and ab~ded Sy, then in e~ther or any such event the said ag gregate sum mentaned in said promissory note then remaining unpaid, with interest accrued, and all moneys secured hereby, shall become due and pay- able forthwith, or thereatter, at the option of said MORTGAGEE, as fully and completely as i( alI oi the said sums of money we~e or~ginaily stipulated to be pa~d on such day, anything in sa:d prom~ssory note or in this Mwtgage to the comrary notwithstanding; and thereupon or Ihereafter at the option of ~ sald MORTGAGEE, without notice or demand, suit at law w in equity, therefore or thereafter begun, may be prosecuted as if all moneys secured hereby ~ n_d mafured pnot to ~ts institutio~. 7. That in the event that at the beginning of or at any time pending any suit upon this Mortgage, or to foreclose it, or to refwm it, or to enforce payment of any ctaims he.eunder, said MORTGAGEE shall apply to the Court having jurisd~ciion thereof for the appointment, of a Receiver, such Cour/ shall j Fcrthwith appoint a receiver of said mortgaged property all and singular, includ~ng aI~ ar.d singvlar the income, profits, iss~es and revenues from whatever ( so~rce derived, each and every of whlch, it being expressly understood, is hereby morrgaged as if spedfically set forth and desaibed in the granting and ~ nabendum dauses her:of, and such Receiver shall have all the broad and effective funct~ons and powers in anywise entrusted by a Court to a Receiver, and = s.ch appoinfinent shall be made by such Court as an admitted equity and a matter of absolute right to said MORiGAGEE, and without reference to the ~ adequacy o? inadequacy of the value of the property morlgaged or to the sotvency or msotvency of said MORiGAGOR a the defendants, and that such ? ie~,~s, profits, inco~ne, issues and revenues shall be applied by such Reteive~ accordmg to the lien w equity oi said MORTGAGEE and the practice of such Cocrt. 8. To duty, promptly and fully perform, discharge, execute, effed, complete, comp!y with and abide by each and every the s?ipulations, agreements, conditions and covenants in sa~d promissory note and this mortgage set fath. 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 h'.ORTGAGEE, its successors and assigns, may, without no~ice to the MORTGAOR, deal with such succeuw or successor in interest with reference to this n.o.tgage ar.d the dabt hereby secured in the same manner az with Mortgagor without in any way vit~a?ing or d~schargi~g the Matgagors' liability herr ur.der or upon the deb~ hereby secured. No sale of the premises hereby mortgaged and no forbearance on the part of the MORTGAGEE or its successors cr assigns and no eztension of the time for the payment of the debt hereby secured given by the MORTGAGEE or its successws w assigns, ahall operate ro release, d~scharge, modify change or affect the original liability of the MORTGAGOR herein, either in whole or in part. 10. It is specifically agreed that time is of the essence of this contract and Ihat no waiver of any obiigation hereunder or of the obligation sr c~red hereby shall at any time thereafter be hetd tu be a waiver of the terms hereof or of the instrument secured herby. 11. In add;tion so the forego'ng month!y payments of princ"pal and interest required by the promissory Ro!e secured hereby, mortgagor covenants ~~:d agrees to pay to mo-tgagee with each monrhly payrnem an add~~ional sum est~mated by mortgagee to be equal to 1; 12 oi the annual cost of the follow- . A-All real property tax.s levied or assessed agai~ist th~ above described real esrate. B-Prem~umz o~ fire and windsrorm insurarce as herein requ~red to be carried on the improvements situate on the above described premises. C-Prerniums on s~ch mortgage guaranty ir.surance as mortgagee shall from t~me to time deem fit to carry on the loan setured hereby. ; j Mortgagee shaft from time to time norify mortgagcr in writing of the amount due and payable hereunder and suth surn shall thereupon be due and ~ ; ;~yable on the due date of the next monthly paymem and each successive month thereaft~r until morigagee shall notify mortgagor of a change in such t i ~~.ouro. Such sums sHa:l be apnlied by mortgagee roward the payment of reat property taxes, insurance prem:ums, and mortgage guaranty insurance j ;xemiums. ~ „ ~ y IN YJITNESS 'NHEREOF, the said MORTGAGOR has hereunto set his hand and seal the day and ye fi t aforeuid. , ? ~ Signed, Sealed and delivered in the presence of: ~i ~ ~ Seal) Helen R. Bass «aq i {Seaq ~ _ . (Seal) Sr ~ E OF FLORIDA ~ ~OUNTY OF St • Lt~C16 ~ ~ Before me personally appeared Helen R ~SS~ d sin~le adtllt sd ~-+e5e, to me well known and known ~d~eXo be rhe individual described in and who executed the foregoing instrument, and acknowledged befwe me that 5he executed the.?am!'ftfl•lh4,~~pntposes i therein expressed. =+~d ~~a ~ t 1 , ~ . . . ~ ~ si£~af~h~cs~id ~~~~~i~~ s5earsa~tiada~~~dssa~ad aRee~mmds~sald3~sbs+d~+or~a4/rgu/aasn0~f~rs~sFstd~s~wwsad 4~~G~ raea~Fs~d~efla~ssaR~ma~s~~s~tie~ia~apPa~aers'w`o-w~A~s~ar~mm~rs~~sis~ ; e`• ~ '';c - WITNESS my hand and official seal this o"~~`' day of ~t~e= ~ ~1 ~'A- OJ 19~ - --i ; y 6 ~k' - a ' ~ ~ otary Public in a fot the f0 bhF~ ~ ar9t' ~ ~ My Commiuion expires: v' ~ ` Retum To: ~yr P• ~ *F~ ~a~: ~ First Federal Savings 3 loan Association NOTARY PUBLIC. STATE o("1~[pRlp~ at 1 FPr~ ~ Of Fort P:erce. MY COAINISSIQN EXPIRES DEC. 29, l915 ~ Fort Pierce, Florida - ~ond~d Th?u Genaql Ins~ae~e~ UnderrrlwL e F,~Ep ~~o aECOao~6 . This Instrument Pre ared B RichaYd K. Kayes ST.IUC~E COUNTY FIA. c P Y ROCER POtfR/~S First Federal Savings 8 Loan Association CLERK CtRCU1T COURt of Fort Pierce~ FloZidd RECORD VER,IFIEO Checked By ~ ~ Z~ v 4S U R 2~~~0 ~~o~ 207 ~A~E-1348 - - - - r~ < - - g, ,