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HomeMy WebLinkAbout1615 3. To place and continuo~~siy keep oa the bul!d~ngs now w hereafter •ituate on said ~and and on al! equ~pment and personally covered by this mwtg- age, wi~h all prem~ums ~hereon pa:d in (ull, I~re insurante in ~he usual stai~ard poGty form, in a s~~ approved by thc MOR~GAGEE, and windstorm inturante in the usval •~a~dard pot~cy (orm, in a s~m approred by the MORTGAGEE, in such company or tompan~es as the MORTGAGEE may di~ect; and aU fire and w~nditorm insurance po~kies on any of sa~d build~ngs, any inte~est the~e~n or parl thereof, in the aggre9a~e sum afoieia~d or in excess ~hereof, shall comain ~he usual srandard mortgagee cfause or such olhcr clause as tha Morf9ayee may ~eqwre, making thz Ioss unJrr ~a~d po~r ciea, each and eve~y, payab!e lo said MORIGAGEE as ~~a imer~s~ may appear, and each a~d every such po!~cy shall be promptly ass9~~rd and de~~~errd ~o •ny held by sald h10RTGAGEE ae furthe. arwrity to iaid mo~tgage debt, and, not leas than ~en (10) days in advance of ~he exp~rat~on oi each poGCy, to dr tive~ ro sa~d MORTGAGEE a renewal thereof, toge~her w~~h a rece~pl for the premium of such r~newal; and ~hrre sfwll be ~w f~~e or v~,indstorm insurancr placed on any oi said buildings, ~ny interesf therein or psi? the~eof, unless in tF+e form and with the loss payable as atoresaid; and in the eve~1 any sum oi money beca.+es payable undrr wch policy or policias sa~d MORiGAGEE shatl have the opKon to rece~ve and appty thr same oo acco~nt o( the ind~bted- ness secured hereby oi ~o prrmit said MORiGAGORS to receive and use it or any part thereof fcr otn~r pwposes. v.~~huut th_~.u~ v:a~.~ o~ ing any equ~ty, Gen o~ riyhl undcr w by virtue of this mo:tgage; and in the event sa~d MORTGAGORS shatl Eo~ any reaso~ fail to keep the sald prem~sas so insured, or iail to deliver p~omptly any of said policies of insurance to said MORTGAGEE, or fa~l promptly to pay fu~ty any pre~»~um Iherefor or in a~y rospect iail ro perform, discharge, ex~cute, ef(ect, canplete, comply with and abide by this covenant, w a~y part hereof, sa~d MORTGAGEE ~nay p~ece a~~d pay fa such insurance or any part thereof without waiving or af(ecti~g any option, lien, equity, o? r~ght under or by v~itue of this Mu~fgage, and the full amo~nl of each and every such payment shall be :mmediately due and payable and shall brar intere~t trom the date the~eof until pa~d at the rate ol nine pe? centum per annum and to~ether wnh suc!~ interesr shali be xcured by the tien of this rta~tgage. 1. To permit, commit w suffer no waste, impairment w deterioration o} said p~operty or any pan thereof. S_ To pay all and s~ngular the co:ts, charges and e:pe~ses, includ~ng a reasonable atto~ney's fee and coses of abstracts of t~~le, inc~rred or pa~d at any time by said MORTGAG:E, because a in Ihe event o1 the faiivee o~ the parl of the said MORTGAGOR to duty, pro~nptly and fully perform, d~xharge. sxecute, effect, complete, comply w~1h and ab:de by each and every the stipulat~ons, agreements, conditions, and covenants of said promissory note and this mortgage any or e~eher, and sa~d cos~s, charges and expenses, each and every, shall be immediately due and payable; whe~her w not there be not~ce da mand, atte~np~ to collect or suit pend~ng; and the full amount of each and every such payment shall bear int~rest from ~he date thereof until paid at the tate of n~ne per centum per an~iu:n; and ali said costs, charges and expenses ~r~turred or pa~d, together wdh such ~nterest, shall be secured by the lien oi this mortyage. 6. T1+a~ (a) in the eve~t of any breach of this Mortgage or default on the part of the MORTGAGOR, or (b) in the evertt any of sa;d sums of money herein refe~red to be not promp~fy and futly paid within thvry (30) daya nex~ afte. the same severafly become due and payabte, wi~hout demand or no~ice, or (t) in the eveM eath and every the stipulatwns, agreemeros, cond~tions and covenants of sa~d promissory note and th~s mortgage any or either are not ~uly, prompdy and f~lly per(ormed, d:scha~ged, executed, effetled, completed, complied with and abided `ay, then in e~ther w any such evero the sa~d ag gregate sum mentioned in said promissory note then remaining unpaid, with interesl accrued, and all moneys secured hereby, shall becwne dve and pay- . a51e forthwith, or thereafter, at ihe opt~on of said MORTGAGEE, as fuily and comple~ely aa i( ali of the said sums of money were ong~natly st~p~tated to be paid an s~ch day, anything in sa.d prom~ssory note or in this Mortgage to the contrary notwithstanding; and thereupon or thereafter a~ the option of said MORTGAGfE, without not~ce or demand, suit at law w in equity, therefore or thereafte~ begun, may be prosecuted as if all moneys secured hereby ~ had matured p~~or to its institution. • 1 7. That in the event that at the beginn;ng of or at any time pending any suit upon this Mortgage, o~ to foreclose it, or to refwm it, or to enforce payment of any cfaims hereunder, said MORTGQGEE sha~l apply to the ~ou~~ having jurisd~c~ion thereof fo~ ~he appo~ntmeni of s Receiver, such Court shall (orthwith appo~nt a receiver of said mortgaged prope~ty all and singular, includ~ng alr and singular the income, proi~ts, issues and revenues from whatever source derived, each and every of which, it being express~y understood, is hereby mor~gaged as if spec~fically set forth and dexribed in the granting a~d habendum clauses hereof, and such Receiver shall have all the broad and effective funct~ons and powers in anywise entrusted by a Cou~t to a Receiver, ar.d i~ch appointment shall be made by such Court as an admitted equity and a matter of absolute righl to said MORTGAGEE, and w~thout reference to the adequacy or inadequacy of ~he vatue of the Froperty mortgaged or to the so~vency or insoivency of said MORiGAGOR o? the defendants, and that such rems, profits, income, issues and revenues shall be appGed 6y such ~2eceiver accordi~~g to the tien or equity of said MORTGAGEE ar.d the practice of wch Court. 8. To duly, promptly and fully perform, dischargr, execute, effect, complete, comply wilh and abide by each a~d every the stiputations, agreements, conditio~s and covenants ~n sa~d promissory note a~d this mortgage set fwth. 9_ That in the event ~he ow~ership of the mortgaged premises, or any part thereof, becomes vested in a person other than the MORTGAGOR, the A1pRTGAGEE, its successors and ass~g~s, may, w~rhout nor~ce to the MORTGAOR, deaf with such successor a successor in interest with reference to this mortgage and the debf hereby se.~red in the same manner as with 6lortgagor without in a~y way vitiating w d~scharging the Mortgagors' liab~lity here- under or upon the debt hereby sxu.ed. No sale of the p~em~ses he~eby mortgaged and no forbearance on Ihe part of the MORiGAGEE or its successors or assigns and no exrens~on of the hme for the paymem of the debt hereby secured given by the MORTGAGEE or its successas or ass~gns, shall operate ro reiease, d~scharge, modify change or affect the orig~nal liab:lity of the MORiGAGOR herein, either in whole or in part. 10. it is speufically agreed that t~me is of the essence of this contract and thal no waiver of any obl~gat~on hereunder w of ~he obligation se- cured hereby shafi at any time th<reafte: be held to be a waiver of the terms hereof o? of the insirument secured herby. 11. In aud:tio? to the foregc n9 month!y paym~ms of princ pal and interest required by the promissory no!e secured hereby, morTgagar coveoanTs and agrees to pay to mo:tgagee with each monthiy payr„ent an addirional sum eif~mared by mortgagee to be equal to 1/12 of the annual cost of the follow- ~ng: A-Afl real property taxrs levied or assessed aga~~st the above described reat estate. B--Prem.~u~ns on fire and v~indstorm inwrarce as herein requ~red to be carried on the improveme~ts situate on the above desvibed premises. C-Premiums on svch morigage guaranty ir.sura~,ce as mortgagee shall from l~me to time deem fit to carry o~ the loan secured hereby. Mortgagee sha:l from time to time not~fy mo.tgagor in w~is~ng of the an,ount due and payable hereundrr and such surn sha!i thereupon be due and payabfe on the due date of the r:ext monthiy payment and each success~ve momh thereaff<r unti! mortgagee shal~ notify mortgagor of a change in suth I amount. $uch sums sHa:! be applied by mortgagee tov~ard the payment of real property taxes, insurante prem:ums, and mortgage guaranfy insurance ~ premiums. i IN WITNE55 VYHEREOF, the said MORTGAGOR has hereunto set his hand and seal the day and year first afwesaid. E Signed, Sealed and delivered in the presence ofc f f a4 (Sea4 (Seaq (Seaq STATE OF FLORIDA ) St. Lucie ~ COUNTY OF ~ Befwe me perwnally appeared ~ella Rodgers, a single adtllt ~,j y~y~~, to me well k~own and known to me to be the individual' described in ar.d who executed the fwegoing inst~ument, and atknowledged befwe me that .~hey e:ecuted the same tor the purposes therein expresxd. ~~i~ ~j~ ~aifs oL t!~ aaid ~~+-x~d Mw+~~ .esao~initioa by. a~a 3akaasopar~tr ~wd..a}»r~ k~.i?1~e. saib hu~b~wd? ~nowki~ed ~e-aw~ beiorriwr N+M~i~execvte~ xid-ins~nm?ent ~fefelT ul~d ~vNwr J3r~lY~dod ~il6ouf_at+Y- taa~Puisino.-~vostcainc.-aF+ProFwnsiowr o~- fear-oE -0r fran? i~e? ~aid-fw~lo+nr. = WITNESS my hand and official seal th~s 27th day of November ~ .pt ~,f~q'~ 7= y- - i Notary Public in and fw the of ~b~i ~}r}+rye ;T . My Commission expires• _ ~S' ~q c : - _ a~r~.~ To: . iva?ARV PueUO~ STA~~ R~ : n-. ~ ~ First Federo{ Savings a loan Assoc~ation B Yd~MM~~~~ 'F~RES p C~~ ~ Of Fort P erce. „n p _ ~.j° ~ ~a?,Insu.a~~. •:~f~ ~~Jr Fort ?ierce, Flor~cla ~ ~ ~ ~~a 'S'~ ~ y ' ` f~~Ee Ayc ~ec~~~EO tr. sT. ~uci~ cOUNTY FLA. , .l - • a~~: ~ : ~~;?~,?s ~ ~ _ This Instrument Prepared By Gary F. Ellwood CLE::Ki:~I--GJ';'COURT First Federal Savings 8 Loan Association r`~'~a~ ~r~ =,~4 of Fort Pierce ~ Rlorida ~Y 18 Q(~l aN ~ 1~ ~r ~ Checked By - ~C9ty - 'YIGrV ~ ~ooK 208 PAGE 1615 j8 _ _ . - - ~ . ~ ~ ~ ~ ~z ~ : ~"~-e c~ : ~a "'-~t," cf_`. - _ ~r~ r _ . ~ _~:;,5 ~ "