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HomeMy WebLinkAbout2990 . J. To placs and cont~nuousiy kcep on the bui!d~ngs now w hereatter ~itue~e o~ sa~d land and on all equ~pment and personatly covered by th~s mw~q• ege, w~th al! premiumi ~F~ereon paid in full, f~~e insurance in the usual sNndard policy form, en • sum appioved by the MORIGAGEE, and w~~dsto~m insurance in tha uiusl ~~andard pol~cy faq~, in • sum approved by the MOR~GAGEE, in such company o~ companies as Ihe MORTGAGEE may d~rect; and ~II firs and windstorm insurance policie~ on •ny of ss~d bu~ld~nps, any inlere~t therein or psr~ thereof, in ~M agqregare sum aforesa;d or in exce:s thereof, sha!) co~rain the vsual standard mortyaQee clau:~ w such oiir_. clau~s ~s Ihe Ma~gagee may requ~rs, ma~i~g the lo~s under sa~d poli- c~es, each and every, payable to said MORTGAGEE si its interest may appea~, and each snd every suci~ pol~cy ihall bs promptly ais gned a~d detive~~~d ~o eny held by sa~d MORTGAGEE u furthsr iecurity to said mwtgage debt, ar~d, not leu fMn ?e~ (10) d~ys in advance o) the exp~ra~~on of each pol~cy, to da I~ver to said MORTGAGEE a renewal thereof, togetMr with a recript fw the p«mium of suth renewal; and +here shall be no f~rc o~ w~~~di~or~n ins~rance p~aced on any of said buildings, ~ny interesl therein or parl thereof, unless in the form and wiih the iosa payable as aforesaid; urd in the event any sum ot money betomes payable undtr tuch polity a polities said MORTGAGEE shall have ~Ae op~ion fo ~eceive and apply ~he same on accoum of ~he indabted- ness secured he~eby w to permit ~a~d MORTGAGORS fo reteive and use it p any part thereof for othcr purF~oses, v.~~ho~t th;r~ur ~ns~~~.~3 u~ ~~~:p~,r- ~~g any cqu;t~, lieo or right under or by virtue of this mo:rgage; arHd i~ !M evcnt sa;d MORTGAGORS shall fw any reason iail to kecp ~he sa~d premisrs so msured, a fail to deliver prompHy •ny of taid policiea of insuranca to w~d MORTGAGEE, or fail promptly to pay fully any pre~~~~um therefw o~ in a~y respect (ail to perfwm, discharge, execute, effect, compfete, comply wi~h and abide by this covensnt, or any part he~eo(, se+d MORTGAGEE may p~ace a:~tl pey fw such insurance or any part thereof w~thout w~iviny a ~ffectiny ~ny opt~on, lien, equ~ty, or right under o~ by virtue of this Mo~~gage, and ~he t~ll amount of each and ev~ry such payment shall be immediately due and payable and ~hall bear intereat irom the date ~hereof until pa~d at ~he rare of r,~ne per cenrum pcv annum and rogether with such inrereu shali be secured by tht lien of thi~ mortq~g~: I. To perm;f, commit a suffer no wasle, impairmcnt w deterio~ation of said property a any part thereof. S. To pay all and singular the costs, charget snd expenses, including a reasonable atto~ney's fee and costs oF abstracts of title, incur.ed o~ pa~d at any time by said MORTGAGfE, because or in tAe eveM of the failure on the pa?t of the said MORTGAGOQ to duly, prompety and fvlty perform, d~scharge. execure, e(fect, complete, comply w~th and ab:de by each and every the stipulst~ons, agreements, condi~ions, snd covenants of said prom;ssory note and ih~s ~orfgage any or eitlxr, and sa~d cosh, charges and expenxs, each snd every, ihall be immediately due and payabte: whether a not there be noi~ce de n,and, anempt to colled or suit pending; and the tull anwunt of each and every such paymeot thall bear interest from the date thereof until paid a1 the ~.:~e oF nfne per cenTUm per annum; ar,d all said cos~s, charges and expenses incu.red or paid, together w~th such interest, shall be secured by ~he hen of th~s mottgAgC. b. That (a) in the event of any breacF of thii Nbrtgage or defauft on the part of rhe MORTGAGOR, or (b) in the event sny of sa+d sums of money herein referred to be not promptly and fully paid within thirty (3U) days next after the same uverelly become due a~d payable, without demand o? notice. or ~c) in the event each and every the stipulations, agreementi, conditions and covenants of sa:d promiswry note a~d th~s mortgage any or e~ther are not ~uty, promprly and fully performed, d+scharged, exec~ted, elfecled, completed, complied with and abided Sy, then i~ either or bny such evem the sa~d ag- gregate sum mentioned in said p?omissory note then remaining unpaid, with interest accrued, and a11 moneys xtured hereby, shall become due and pay- abie forthwith, or t6ereafter, at the option of said MORTGAGEf, as fully and complete~y as ~f all of the sa~d sums of money were originally s?~pulated fo be pa:d on such day, anything in sa~d prom~ssory note w in this Mortgage to ~he contrary notwi~hstandirg; and thereupon or ~herea~ter at Ihe option of sa;d MORTGAGEE, without notice o~ demand, suit at Iaw o? in equity, therefwe or thereafier begun, may be prosccuted as if aH moneys secured hereby n~d matured pno~ to iU inslitufion. • 7. That in the event thst at the bfginning of or ~t a~y time pending any suit upon this Mortgage, or to foreclose it, o~ to reform it, or to enforce payment of any claims F+ereunder, said MORTGAGEE shall appty to the Court having jurisd~ct~on thereof for the appointment of a Receive?, such Cou.t shali fcrrhwirh apooint a rtceiver of said mo?tgaged prepr~ty aU and singular, intlud~ng atl and singular the income, prof~ts, issues and revenues irom whatever s~urce der~ved, each and every of which, it be;ny.expressty understood, is hereby merrgaged as if speufically set fath and deuribed in the granting and n~bendum clauses hereof, and such Receiver shafl have all the b~oad and eifective funct,ons and powers in anyw+se cnvusted by a Court to a Receiver, a~,d f~ch appointment shall be made by svth Coun as sn admined tquity and a matter of absolute r~ght to said MORTGAGEE, and w~thaut reference to the edequacy « inadequacy of the value of the property mortgaged or to the sorvency o? insolvency of said MORTGAGOR a the defendants, and that such re~rs, profits, incame, iuve~ and revenues shall be spplicd by sucb Receiver according to the lien or equity of sa~d MORTGAGEE and the practice of such Court. 8. To du!y, promptiy a~d fully perform, discharge, execute, effect, complete, comply w1h and abide by each and every the stipulations, agreements, _~~~d~t~ons and covenants tn sa~d pramissory note and this mortgage set forth. . 9. Tha? in the evrnt the ownership of /!~e mortgaged premises, or any part thereof, bccomes vested in a person other than the MORTGAGOR, the :'.~RTGAGEE, its successo~s and a:signs, may, without notice to the MORTGAOR, deal with such succeuw w successw in interes~ with reference to this n,o~tgage and the deb~ hereby secured in the same manner as with Mortgagor withouf in any way vitiating a d;xharging the Morr9agori ?iability here- ~~der or upon the debt hereby secured. No sale of the prem~ses hereby mortgsged and no forbeara~ce on the pa~~ of the MORiGAGEE or its successors or ass~gns and no exrens~on of the time fa the paymen~ of the deb~ hareby secured given by ~he MORTGAGEE or it3 successws or auigns, .3~ail opera~e !o release, diuharge, modify ~ba~ge a affett the original liability of the M.OR7GAGOR herein, either in whole or in part. 10. It is specifically agreed that time is of the esunce of this contract and that no waiver of any obligat~on hereunder or of the obligaYwn se- cured hereby shall at a~y time ~hereafte~ be held to be a waiver of ~he terms hereof or of the instrumeM secured herby. 11. In add~tion to the Fwego:ng monthly paymems of princ'pal and inte~est required by ihe promiSSOry no!e secured he~eby, morrgagor covenartts j^d agrees to pay to mortgagee with each monthly payrnent an add~~ional sum estimated by mo~tgagee to be equal to 1/ 12 of the annual cost of the foltow- ;,g: A-All reat property taxes levied or assessed agai~st thc above desaibed real estate. , B-Pren;iu~ns on fire and windstorm insurar.ce as here~n requ~red to be carried on the improvements situafe on the above desv"sbed premises. C-Diem;vms on such mortgage guaranty in:urar.ce as mortgagee shaU from t~me to time deem fit to carry on the loan sewred hereby. Mortgagee shail from time to time notify mcrtgagor in writing of the amount due and payable hereundts and such sum shall thereupon be due and able on the due date of the next monthly paymem and eath successive momh thereafter ur.tit mortgagee shatl notify rrrorrgagor of a change in such ~:o~nt. $uch sums shatl be applied by morrgagee toward the payment of real property taxes, insurance prem:ums, and mo~tgage guaranty insurance e~~*+~ums. IN WITNESS WHEREOF, tFe said MORTGAGOR has hereunto set his hand and seal the day and year first afor aid. Signed, Sealed aod detivered i~ the presenc~ of: - _ ~ " I.LO ra O Seal) (Seaq - ~ (Seal) C1otilde F, rayl ~~ai~ ' S ~ ATE OF fIORIDA ~ St. Lucie ~ ~~7UNTY OF Lloyd ?aylor Betwe me persona~ly appeared and _ Clotilde r' • Ta}~IO! his wiie, to me well k~own and k~own to me to be ~r.e ind~v~duals descr~bed in and who execwed the foregoi^j instrument, and acknowledfled before me that they executed the same fw the purposes !herein eapressed. And the uid- Clotilde F~T83/~Or ~ +;~fe of the ~~a _ . Llovd ?avlaz - s yep~yk:an~ ?~ivate ~ ; ~raminat~on by me taken separate and apart f~om her said husband, itknowledgcd to and before me that she eaecuted said instr ~rt~rn~~ree~y and vyluro ' rar~iy and w~thout any compuls~on, constraint, appreFjsna;o~, or fear of w from her said husbsnd. ~ ~ ` 1 = Februar ' ' • . ' WITNESS my har.d and official seal this day of p~ 19 ~3~ ( ~ ~ ~ ~ F- ~ ' -Zt r - i - n ( - 7 Nota?y Public in and (Or the tate of~f(yic~a;at L~yBe . ' ~ My CommisliOn expirCf: j ` ~ ? ~ ' Retum To: - - i . i ; w. 1 f First Federal Savings 3 Loan Association , ' ..r Of Fort P;erce. Fo~t Pier~e, Florida F~~EO ~~o RECOROFn - ST. LUCfC C OtTRAS ~A~ G RUCER F This Instrument Prepared By J. H. RobeYts~ Jz. ~~{RK Ct-~~11 COURT ~ First Federa) Savings 8~ Loan Association QF~~~` ~FR'~~ED`~~ of Fert Pierce , Flor ida 1 Ea Q$ pu ~ Checked By t~~ n 24'7804 aoox ~10 PACE~98~ ~ ls = ~w.. ~x.