Loading...
HomeMy WebLinkAbout0650 J. To plate and cominvously keep on ~he bu::d~~~gs norv or hereafler u~~are on sa~d land and on al~ eq~epmznt a~d personally covzrad by ~his matg- sge, w;th a!1 prem;ums ~6ereon pa~d ~n fuli, fhe ins~renca ~n ~he usuai s!andard po,~cy form, in s t~m approwed by tt~e MOR~G:.GEE, a~td w~~~ds~orm Inwrance in the usual ~~andard po".,cy form, io ~ sum approvad by ~he A10RTGAGEE, in such ce.npany or co~ni~an~es as the MORIGAGFE may d~reu; and ali tire ar,d windsrorm insvrance pol;c;es on any of sa~d build~ngs, any intuest Iherein or pa~t thareof, in ~he aggr~ga~e sum ~loresa~d or excest therepf, shall :ontain ihe usual 3ta~:dard morigagee ciausa w such aher dause as the Mortyagee may requ~re, meking the loss unJe~ s.+~d po`- des, each and every, paya5~a to :a~d h~t7RfGAGEE as ~~i interast m,~y appear, and each and e~ery suth Fwvcy sh.~N be promp~iy au g~d and dri~vercd ~o eny hetd by said MORTGAGEE as iurther seturity to sald n,o~~gage d•.bt, and, not less than ten ~101 days in advance oi the exp~rat~on oi each po!ic~, to dr fver to sa~d MORTGAGEE a renewal ~hereof, toge~he~ wi~h a rece~pt for the prem~um of such ~enewal; a:~d ~here sha11 tx no f:re ur .r;nds~o~m insurance p~eted on any of sa~d build~ngs, any interes~ therein or pan ehereof, un!cu in the fo~m and wiih the +o:s payable as afcresaid; and in ihe eveM any sum of money become~ peyable ~ndar svch policy w pol~uos sa~d MORiGAGEE shall have ~he opt~on ~o rece~ye and apply ~ha :a~ne on accou~~t ol the in~rbt~•d- ne~s secured hereby w ro pe~mit said MORiGAGORS 1o receive and use il or any pa~t the:cot io. o:n..r HwEOa~•s, .::inout ih .,;;.i ,3 0~ ~:~~p~~c- ing any ~quAy, lien or r~ght under w by virtue of thi3 mor'gage; and i~ the event ta;d MORiGAGORS shall [or any ~eason fai~ lo k~ep the sald prem~s=s so ~n:ured, a fail to del~ver promptly any of said policies of insurance to sa~d M4RTGAGEE, w fa~i prompNy to pay fu~ly any p~e~~~+.~~T therefor o~ in any respect fai! to perform, d;scharge, execure, elfea, complete, comply wirh and abide by th~s cove~ant, o~ any parr hareof, sa~d MG2TGAGEE may place a~.d pay fw such insurance o~ any part fhrreof vc~thout waiving w aNecting any opt~on, lien, equ~ty, o~ Nght under o~ by virtue of this Mortgage, and fhe full amount ot each and every such payment shalf be immediately due and payable and shall bear interest from the date thereof until pa~d ai 1he ra~e of n~ne per centum per annum and io3rthrr •aith such in!er~st shal~ be secu~ed by the lien of this mortgage. 4. To permit, commit or sutfer no waste, impairment w deterio~at,on of said property w any part thereoi. 5. To pry alI and singvlar the costs, charges and expe~ses, including a ~easo~able attorney's fee and costs of abs!rads of tit!e, incurred or paid ar any time by sa~d MORTGAG'.E, because or in rhe event of rhe ia:lwa on the pan of ihe said MORTGAGOR to du~y, pro+r.ptly and iully parform, d~scharge. execute, eifect, complere, co~nply wnh and ab.de by each and every the stipu~a~wns, agreeme~ts, cond~~~a~s, and covenants o~ sa~d p~omissory ~ote and ~hl~ mortgage any or e~~her, and sa:d costs, charges and expenses, each and every, shap be immediate~y due and payab!e; whe~her o~ not there be nonce da r,,end, aftempt to colled or suit pend~ng; and ~he full amount of each and eVery such payment shall bea. interest from Ihe date thereol until paid at the ~~~re o+ n~ne per ccntum Ner aiinu:»; o~w a~i sa~d costs, cha~ges anJ expenses ir.curred a pa~d, togrther w~th such ~nterest, shalt be secured by the Len ol lh;s mortgage. 6. jhat (a? in the eveN of any brea:h of this Mortgage or default on tl?z part of the MORTGAGpR, w;b) in the evenf any of sa[d sums of money herein referred to be not promptly and fully paid within tn~rty (30) days nex~ afrer the same severaily become due and payaWe, v~ridwut demand or notice, ~r (c} in the event each and every r1~e stipu;arions, ag~eements, cond~r~ons and covenanta ot sa:d promisso~y nota and th,s mongage any or either are no1 iuly, promprly and fuliy pe~formed, d:scha+ged, executed, eifeaed, comp~eted, compl;ed with a~d ab~ded `ay, then in e~ther or any such evem the sa~d ag ~rega!@ sum mentioned in Said promissory npte then re~nain+ng unpaid, with intereit acttued, and a!1 moneys secured he~eby, shall become d~e and pay ab:e forthwith, or therea'ter, at the option of so~d MORTGAGfE, as fully and completely as if aIl of the s.+~d su~ns of mooey were onginally st~pu.ated to be pa:d on suth doy, anything in sa:d p~om~ssory note or in this Mortgage to the ton~rary not,n•ithstand~:~g; and the~eupon or thercafter at the opnon o} sa~d MORTGAGEE, withou? nonce or demand, suit a1 !aw oa in eywty, therefore or 1F~ereaiter begun, may be prosecuted ~s if aIl moneys secured hereby nad matured pnot to its institution. 7. That in the evenf that at the beginn~ng of or at any tim~ pending any s~~t upon this Mortgage, or to foreclose it, or to reform it, or fo enforce payment of any daims hereunder, said MORTGAGEE shaN apply }o the Court hav+ng jurisd:ction thcreof for the appointment of a Reteiver, suth Courf shail fcrthwith appoint a receiver oi said mortgaged properf~ all and singular, intivdmg atl a~.d s~ngu~ar tF.e in~ome, profrti, iasues and revenuef from whatever s~urce derived, each and every of wh;ch, it being express~y undersiood, ia hereby morrgaged_at_~f spec~(icalty set futh and desuibed in the grannng and h3~endum clauses hereof, and such Receiver shali have aSl the broad and e!f~cnve func~.ons a~d powera in anyw~se entw:red by a Cou~t to a Receiver, and s;h appointment shall be made by such Court as an admitted equity and a rtw~ter of absolure nght to said MORTGAGEE, a~d without reference to the adeyvacy w inadequacy of thr vafue of the property mo~tgayed or to fhe so:venty or insoi~c~q of said MORiGAGpR or the defendanis, and ~hat suth ~e•,rs, profits, income, issues and revenues shall be appt~ed by such Recaiver ac:o~d~ng io ihe lien or equity of sa;d ~dORiGAGEE and the pracGce of such Court. 8_ To duly, promp~ty rnd iul!y perform, discharge, execute, effect, corr~lete, ton;ply w;~h and ab;de by each and every the stiputations, agreements, :onditions and covenanrs in sa~d p~omissory note and th;s mortgaye set 4orth. 9_ That in the event rhe ownersh;p of the mortgaoed p~emises, o~ any part thereof, becomes vested in a person other tFwn the MORTGAGOR, the ":ORTGAGEE, its successo~s ar.d ass~gns, may, wifhout noi~ce to ~he MQRiGAOR, deat wirh :uch successw a successo. in interest w;th ieference to this o-tgage and the debt hereby secured in the aame manner as with /lortgago~ without in any way viliating or d~scharging the Mortgagors' liability herr urder or upon tlw deb~ hereuy secured. No saie oi the pren:~ses h.re6y mortgaged ar.d no forbearance on the part of ~he /dOS1TGAGEE w its wccessws or assigns and no e~crerts+on of the ?~me tor the Faymero of the debr hereby secured given by the lNORTGAGfE or its successors or ass[gns, s:~all operare ro release, d~scharge, mod~fy change o~ af}ect the ong~nal I~ab~Gfy of ~he MORiGAGOR herein, either in whole w in Fart_ 10. It is spec~fically agreed that time is of the essence of this contract and that no waiver oi any obligation hereunder w of ihe obligation x- ! c~red here6y shaN at any time rhereafrer be he!d to be a wai.er af the terms hereof w of the instrumero secured herby. l t. In add:t~o.~ ro rhe fore~o ng month!y }~ayments of p: inc'pal and interest required by the promissory r~ore secured hereb~, mortgagor covenanfs ~nd agrees ro pay to mo:`gagee v.ith each month;y Ga~rnent an edd.rional sum esf n~:etet~ by mortgagee to be equal to 1, 12 of u,e an~,ual cosr of the fotlow- r:3 A-A!1 real property taxas feife~ or asz~ sted ag~i•~st the above descr;5ed re•al estata. B- Prem;u;ns on fne and windsto~m ~nsura~ce as here~n requ"ued to be car.ied en the :mprove ats s~tuate on the above d_scribed premiies. G-Prem~ums on such mort e uarant ir.sura.~ce as mort a ee shall from 9~9 9 v g g ~~ma to tune de f]t to car~y on the loan sewrea~Mer~bv_~ ~ Mortgagee sha~l .'rpm time to tir+e notify mortgagor in writing of the amount due and paya hereunder and such som shail'the~bPqq,be~eif~ ; 3,able on tl~ due date of the next momhiy payment and each successive month thereafter ur.til mortgagee shalt not~fy morsgatjor o~.'3 change le?~ixh'j'~ ; o~nL $uch sums sha;l be aap~~ed by mortgagee toward the payment of real property taxes, insurance prem:ums, and mw:gage;~~VStan~~iinwfance „ ,^,-emiums. ^ , IN Y~IiNFSS 'NNEREOF, the said IAORiGAGOR has hereunto set his hand and seal the da and ! ~ ` y year first aforesaid. ~ ~ - 5igned, Sealed and delivered in the p?esence of: A. A. Ine • . , il F~ ~'11~~ #fi~ ft~L`~iD~/ ~ - ST-.+l~l+'_ ~~i{11R ~l~ll. BY • , aq . j - ltGL~n F~t"~t#~ v ' -''~~(Seer ` I Ct.f°?: l' ~•~Uii C0~1t1~ ~l . ~ ~ ' ~ ~ =tf CT R~'i Vf ~ F,r ~-•~TEST i (Sea!) ~ Q r~ ~ Eliz e Kies , Secr tary ~ ~ SjATE OF FLORIDA V 7~ _ _ ~ 2rea au zer : ~ s i ~~~8 ~ STA7E OF FtORIDA COUNTY OF ST. LUClE e t ~ 1 HEREBY CERTlFY, That on this day of__ !J~1~'s[-~/,I~ _ , A.D. 19~~ ~ before me personally appeared _$ezt V. AdBms and Elizabeth Kiessel ~ - - _ - ~ respectively _ President and _ Secretary _.~_?=easuter _ ~ of 1 ; A. O. A. Inc. Florida ~ - - - a Corporation, to me ~ ! ' known to be the persons described in and v~~ho executed the foregoing instrument, and severally acknow~edged t~e ex~. ~ ~ . ' ~ cution thereof to be their f~ee act and deed as such officers for the uses and pursoses therein mentioned; `a~1c~,~~eh~heK._ _ # ` ~ ~ ; % . _ ! affixed thereto the official seal of said corporation, and the said instrument is the act and deed qf ;aid~C4rpbrat~oif; ; : WITNESS my hand and official seal at Fort Pierce _ , said count nd state. C ~ t E This instrunent pzepazed by = • ~ . ~ j = = £ Gary F. Ellwood m . : " - ; Fi rst Federal Savings and Loan rar Public, in and for S e an oun'~ji ~Yc.esai~- ~ Association of Rort Pierce y ommission Expires: ~A~ ~dIIC. STAT}~M,~LORIDA st IARGE ~ MY COMMISSION EAPIRES 1r'EC~ 29,- ?9~75 ' . BondM TAru Gener~l Insunnce Underrur~t~rl. ~ Checked By~ ~ g BOOK ~.1~7 s r ~ js t C. ~ s~ - . - . - ~ ^G ~ : . y~,„~-'~ :`.,~-t~, ~,~v-c-~ ,s, . 3~`~~. ~ s^` "y _ - - . ~?a .