HomeMy WebLinkAbout3742 3. To place and co~tirtvously keep on the bui:dmgs ~ow w hereefier altuate on sald Iand and on aC equ~pmeM and pe~sonally co,~ered by th~s mor~g-
ege, with all premiums thercon pmd in full, lire insuiance in the vsuat s~andard poticy fo~m, in a sum app~oved by the MOR1l~AGEE, acd w~ndstwm
;nsvrance in ~hs ususl standard pol~cy fam, in a sum approved 'oy ~he h~ORTGAGEE, in t~ch co~t~pany or co~npa~~es as the MORTGAGEE may
d~rect; •nd ail itre and w~ociaro~m insurance polic;rs oo any of sa~d b~,~~d~~ps, any interest therein or part thereof, in ?he agg~egare sum afo~esa7d a
in eacess thereol, shali contain the usuaf. standa~d mongegee ciause a such oiha ciws~ as th~ Matgagze msy raqu;re. ma?infl the Ics~ undrr sa~d poli-
c~es, each and every, paya~!e to sa~d A10RiGAGEE as ~~s in~erzs~ may appaar, and each and e~ery svth poi~iy ahai~ be H+en-;:~'y ~~»d and de~i.rrrd ~o
any held by said h10RTGAGEE as (ur~her secu~ity to saia mongoge dzbt, and, not less than een (10) days in advance o1 ~he e~pirat~on of each poi~cy, to dr-
Gver to uid MOR~GAGEE a renewal thereof, togNher with a rete~pt for thc premium of such rtnew,.~; and ihrre shatl be no f~re or w,nduo,m insurance
p~jced on any of sa~d build~ngs. any interest therein or part Ihe~cof, unless in the form and with ~he fosa pavab:e as atoreiaid; and in rhe erenf any s~m
ef muney becomes payable ~nder s~ch po)icy w poLcies ?aid MORTGAGEE sfiall have the opt~on ~o receive ~nd app~y Ihe same on account of the ind~otrd-
nr:a secur~d hereby or ro perm~t sald MORTGAGORS ~o receive and use i~ o~ any part ~hr:eof ro~ o~~~c~ (:Uf •OS~~S. 1YJI1JVf ~h~~~:~r ,~,~p,:,,-
ing any ~quity, lien or ~igh/ undrr w by virtur of this mo:rgage; and in the event sa:d M:JRTGAGORS sha11 !or nny reason iail to krep ihe said p~e~n~sos so
~~su~ed, w fail to deGver promptly a~y of said pol~cies of insurance to sa~d MORTGAGEE, or foi! prOmptly ~o pay I~i:y any pre~~~~~~n ~i~er~+ur or ~r. a~y
respec~ fail to perform, dncharge, execWe, effecl, comple~e, cornply wiih and ab~de by Ihii tovenanl, w any part he~eof, sa:d MvRiG.iGEE may p~ace a:>o
pay }oi such inswance or any part thereof without waiving w affectirg any opnon, lien, eqwty, or ?~ght under w b~ v~nue of th~s h1o~~g:~ge, and ihe
iu1; ~mount of each and every s~ch paymem shall be immcdiatety due and payablc and shaf~ brar interesl from the date thereuf ~nti: po~d a~ ~f~e raie of
n~ne per ce~t~m per anriurn and to~ethrr wirh such interest shaf: be srcurcd by tbt lien of th;s mortgage.
4. To pe~mil, commit a suffer rto was+e, i,npa;rment w deter:oration of said property w any part thereof. "
5. To pay all and singular the costs, charges and expenses, including a reasonable attomey's fee and cosrs of abssract: of title, incurred or pa~d at
~ny time by said MORTGAGfE, because or i~ thc event of ihe failure on the part of the said MORiGAGpR to duly, promp~ly and fully pe~form, d~xharge,
execufe, etiecl, comptere, comply wah and ab:de by each and every the sriputar;ons, agreen,znts, cond~tions, and co~enants oi sa~d p~om~ssory note and ihis
n,orrgage any or e~~her, and sa~d coats, charges and expenxa, each a~d every, shall be immed~a~ely due and payab:e; wherher or not fhere be no~~ce dr
n,and, attemp~ to collect a suit pend~ng; and the fult amount of each and every such payment shal~ bea~ in~erest i~om the da?e thereof un~il pa~d at the
o~ nine per cantum yar annu:n; and all said conts, charges and expensea ir.curred or paid, togethrr w~th such interest, shall be secured by the hen of th~i
mor~gage.
6. That (a) in the erent of any b~each of this Mortgage or defautt on the part of the MORTGAGOR, or (b) in the event any of ~a:d sums of money
here~~ referred to be not promptly and fully pa~d wif~in th~ny i30) days ~ex~ at~er the same severally becane due and payeble, w~tho~t demand o? no~Ke,
or ~c) in tha event each and every the stipu:ai~o~s, agreemems, conditions and covenanta of sa.d premissory note and th.s martgage any o~ either are nol
iuly, prompNy and fully perFormed, dacharged, e~ecuted, effected, canpleted, compi;ed wiih ar.d ab~ded 5y, then in e~~hrr w any such event the sa~d ag
~regate s~m memioned in said promisswy rwte then remaininy unpaid, with intzresf accr~ed, and all mon~ys secured hereby, shall become due and pay-
ab e forth vith, or ~hereafter, a~ the opt~on of sa~d MORTGAGEE, as fuiiy and compfe~e~y as ~f aIl of the sa~d svms of r.wn~y were o~+gina:ly shpu~ated
to be pa~d on such d:.y, anything in sa:d protn~sswy note or in this Matgage to fhe confrary nonwiths~and~ng; and thereupon or thereafter at the opi~on of
sr.;d MORTGAGEE, without not~ce or demand, wit at law or in ~qu~ty, therefore or thereatter brgun, may be prosecuted as if all moneys secur~d hereby
r.: d matured pnor to ~ts institutiort,
7. That in !he evenr that a1 the beginn~rtg of or at any time pcnding any suit upon this Mortgage, or to forMtose it, or fo reform i~, or to enfo~ce
c:,Yment of any cia~ms he~e~nder, said MORTGAGEE shall apply to the Go~rt having ~u~isd~csSon thereof for fhe appomtmtnt of a Receiver, such Court shail
Fo: thwith appoint a receiver of said mortgaged ptoperty aN artd sing~lar, irtcl~d~ng all and s„•gu~ar fhe insome, prof~ts, iasues and revenues from whatare~
s:~urce darived, each and every of which, it kxing express~y understood, u hereby mortgaged as ii spec~f~cally set iorth and descritxd in ~he grani~ng ar.d
h~bendum ciauses hereof, and such Receiver shalf have afl the broad and effecnve funa.ons and powers in anyw~se entrusted by a Cou~t to a Rec~•ive., and
s. ch appoinlmenf shall be made by s~ch Court as an admisted equity and a matter of abso~ute r~ght to said MORTGAGEE, and withou~ referen~e to the
e,fequacy or inadequacy of the va~ue of ~he property matgaged or fo the so~vency or insoi~ertcy of said MORiGAGOR or ~ne defendants, and that such
r~~,rs, profits,. income, issues and ~evenues shall be applied by such Rcceiver ac:ord~ug to the lien w equity of said MORTGAGEE and the practice of such
Court.
8. To duSy, promprly and fully perform, discha~ge, execute, effett, complete, comply w;th and abide by each and every the stipuiations, agreements,
ccnditions and tovenanrs ~n sa~d promisswy note and this niortgage set forth.
9. 7hat in the event rhe ownership of the mortgaged prem;ses, or any pa» thereof, becomes vested ia a person other than 1he MORTGAGOR, the
:'~RTGAGEE, irs successors and assigns, may, wiihout not~ce to the h10RiGAOR, deal wrth such successa or successw in ~merest with referonce to this
^ a•tgage ar.d rhe debt hereby secured in the same manner as with 1Ltor.gagor w~thout in any way vir~ating or d~scharging the M1o~tgagors' leabilety herr
.~~de~ w uFwn the debt hereby sec~red. No sa:e of the premises hereby m.ortgaged ar.d no forbearan~e o~ ihe part of the MORTGAGEE or ity wccessors
e~ ass~gns and no exte~sion of the time fw fhe payment of the debt hereby secured given by the MORTGAGEE or its successors or assigns, a,ia1! operate
~?+ease, d~scharge, modify change or affett the oreginal liab~G?y o! tbe N.ORTGAGOR he~ein, either in whole or in part.
10_ h is speuficalty agreed that time is of the essence of this contract and ~hat no vvaiver of any obl~gaGOn hereunder w of the obligation se-
c~red hereby shalt at an~ tir,.e thereafter be held to be a wairer pf the terms hereof a of the instrumem secured herb~.
I1. In add.t;o~ to the Forego ng monthfy paymenr: of prinCpal and interest required by the prom'ssery no!e secured Fereb~, mOrtgayor eovena~ts
;~.d agrees ro pay ro ~:on3agee ,ni~h each ,nonrh(y pa~~~~ent an add;r;ona! sum es~~~•:ated b~r mortgagee to be eguai to 1, 12 of the ann~al cost of the foliow-
~~3~
A-All .eal prope.ty taxes Iev~ed or assessed eg~i•ist the ahove described real estate. 1 j E ^
~ V~
8-Pra~r.~u na oo fve and windstor~n ~nsurar.~e as here~n requ~red to be ca~ried on the ;mproveme~rs s;rva~e on th~ abovc desu~eed p~,er~ses. ~
- .~,~n j.,,... ....a .iaP,,, f:~ re carrv on the ioan sc,vred hereby~
..~..y~ - ~ '
.r'
ortgagee sha!1 from t~me to t~rne not~fy mortg;gor in writ~r.g of the aT:ount d;,e and payable he~eundrr and wch s~~r. c1,ail~th~reupon'bp dul~an~^; _
,,cble on tha due oate of the next month!y payment and each successive momh thereaftcr untif mcrtgagee sha;l noriFy mortgagor o~ a change in.ivch+
~~n!. Such svms sha.i be apF~'.;ed by mortgagee tawa:d the payment of reai preperty ta:es, ios~rance prem.ums, a:~d mc~~gq9e Suarantt i~<.•ra.,~e:~ =
e,niumS. t~ ~ ; _ - ^
IN \'11TNESS V,iHEREOF, the said MORTGAGOR has hereunto set his har.d and seal the day and year first aforesaid. - + ~
S~ ned, Sealed and d ivered in the presence of: ~j1 ~D I~ G~ .
FtlEO ANO RECORpEO By : ` . •~~A- ~ ,
; _ , , 3T. LU~iE COUIITY flA.
ROCE~ FO~7RAS .
CIE~r ~t ' CU:T COURT
pcCCR~ YE';iiEO~........~~ ' " ' (Seal)
Attest: Verna L Anderaon~ Sa~r tar~ai~
. C'i.TG LlL[IA41nA ~ - ~ ~ " ~ i . . . - ' ' " ' . " '
/t ~ 244111
STATE OF FLORIDA ~J u COUNTY OF ST. LUCtE
J,"
I HEREBY CERTlFY, That on this -~`f111-day of_- ~~~beY , A. O. 19 72 ,
before me personally appeared ~illia~ A. qn3~rson a;;~ Verna I.. Anderson
respectively - President and Secretary , of
American Homes and Mortgage, Inc. a Florida Corporation, to me
known to be the persons described in and who executed the foregoing instrument and severally acknowled~qed the exe-
. .
cution thereof to bs their free act and deed as such officers for the uses and purposes therein mentiptied;~aind~thafi they
affixed thereto the official seal of said corporation, and the said instrument is fhe act and deed of.~seid_mrpotation.
WI7NESS my hand and official seal at Fort Pierce said county and state: ~ _
~S • . • 1 ~
2 h is ins truaen t p repa r e
d b y J
o h n W. C o l l i n s -
of Fizst Federal Savings and Loatt AssoCiaNotary Pubtic, in and for State and CouA1~'af eSaid: ,
of Fort Pierce Flor ida , . -
Y P . ~ j
' M Commission Ex ires:.._ - ; c-~:~• : ~ - ~ •
Checked By
41t!l~.~,,V~7
• ~
~~~.s*-~"'.,~.
*sr''~"~.._ ~ s.'~~ . ~ . Eg~`'t ~.,.;..e~. a