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HomeMy WebLinkAbout2347 9. To plxe and continuouily ke~p on tFw bui!dings now a hereaftK ~itv~q o~ ~~~d la~d and on ~II cquipmen~ ~nd p~nonally covered by ~his morrg~ wilh dl prtmiums thacon pa,d in full, tire in~urance in Iht usual s~a~dard policy form, in • tum ~pproved by tM MORTGAGEE, and winds~am ~nwr~e~c~ ln fM utw) trandard pol~cy fam, in a sum ~pp~ov~d by ?h~ MORTGAGEE, in tuch company w companies ~t 1M MORiGAGEE may dinctt ~~d all f'u~ and wlr+dewrm insu~anc~ polic~es on any of said build~np~, ~ny int~r~st therein w part 1Mreof, in tl+~ a~~e9ate ium ~fa~sa~d w in ~xeesa ther~of, sMll contain ~M uswl ~tindard matyaqs~ claua w fuCh OthOr CIavN Ihf MOrlyagM may requ~r~. makinp the los~ unde~ ~a~d po1F cies, each and ~ve.Y. paYabl~ ro said MORTGAGEE as ~b interes~ maY +ppea. and each and ~very svcF~ policy ~hall be p.omptly ~ss.pned and detivered to +ny held by said MORiGAGEE as furthN security to isid mor~yags debt, and, not leu tMn ten (10! days in advsnce of ~hs expiration of eath policy, to da liwr to said MORTGAGEE a renewal tl+ereof, tope~Mr wirh a ~eceipt fw the pr~mium oi iuch renewal; and ~here shall be no f:~s o~ wind~~o~m insurance pleced on any of ssid buildinps, ~ny inte~esl therein w put thereof, v~leu in tM fwm and with ~M loss payable as aforesaidr ~nd 'u+ tM event any ium of mo~ey becomes payabte w,dar such potiq a policros wid MORIGAGFE shall have the oprion to receive and apply the wme on accoun~ of the indeb~ed- ness secured hereby ot lo perm7t said MORTGAGORS 1o receive and us~ it p any pa~t thereof for other purposes, witho~t Ih:rrb~ waivuig a~ m~pai.- ~~+g a~y equify, lien a right under a by virtue of this mortgage; and in tM ~venf taid MORTGAGORS shall (or any reason fail to keep the said premises so ;nsured, a fall to deliver promptly any of said polities of insvr~nce to sa~d MORTGAGEE, w fail promptly to pay fully any premium therelw p in any respect fail ?o pe~form, discMrge, execute, ef(ect, complete, comply with ~d abide by this covenant, w any part he~sof, said MORTGAGfE may place and pay (w such irnurance w any part thereof wirhout waivirg a affedinp +~y option, lien, equity, o~ right unde~ o~ by virtue of rhis Mwtga9e, and the full smou~t of each and every such p~yment shall be immediately dw a~d pay~ble and shall be+r interest from ths dats the~eof uroil peid at the rate o1 nine pet tentum per ~nnum and to~ether with such interest shsit be securtd by tM tien of fhis mortgage. t. To permit, commit or suffer no wsste, impairment w deterioratior~ of said pioperty or any pa?1 thereof. 5. To pay a!1 and singulu ths cosri, tharges and expenses, including a reasonable attomey't fee and costs of sbstrads of title, incuned w paid ~t any time by said MORTGAGEE, becavse a in the event. of the failure on the part of the said MORTGAGOR to duly, promp?ly and fully pe~fam, d~xharge, ezec~te, effecl, comptete, ca++piy with and abide by each and every rhe stipvlations, agreementa, conditions, snd covenants of said promissory note and this mwtgage any a ei~her, and ia~d coab, charges and expenses, each and every, iMll be immediately due and payabte; whether a not there be notice de~ mand, attempt to mlkct ot suit pending; and the full amount of eath and eveay suth paymeM shall bear interosr from the date thereof unti! p~id at the ~~te of nine per centum per annum; and all said costs, charges and expenses incurred or paid, together with :uch interest, thall be secured by the lien of thi~ mwtgage. 6. ?hat (a) in the event of any breach of this Mortgage w defsult on the pait of the MORTGAGOR, w(b) in the evenf any of said tuma of money herein refsned to be not p~omprly and !vlly peid within thirry (30) day~ nex~ after the same severally become due and payable, without demsnd or notice, er (c) in tha evem each aod every ~he stipulations, agreements, conditio~s and covenants of. sald promissory note and th~s mwtgage any or either ~re ~ot iuly, promptly and fulfy perfwmed, d~scharged, executed, effected, completed, complied with and 'abided by, the~ in eifher or any iuch erent the said ag gregate sum r?x~tioned in said promissory note then remaining unpaid, with interest acuued, and all mo~eys secured hereby, sAatl become due ar+d pay- able forthwith, o? thereafter, at the opiron of said MORTGAGEE, as fully end compfetely as if ail of the said s~ms of money were originally at;pulated to be pa;d on such day, anything in ss:d promisso~y note o? in this Matgage to the contrary notwithstanding; and ~hereu~ w thereafter at tF+e option of said MORTGAGEE, without notice or demand, suit at law w in equity, therefwe w thereafter begun, may ba prosecuted as if all moneys secuted hereby had matured pnor lo its institution. 7. That in the evtnt that at the beginning of or sf any time pending any suit upon thia Mwtgsge, w to fweclose it, or to reform it, or to enfwce . payment of any claims he~evnder, said MORTGAGEE shall apply to the Court having ju~isdidion•thereof for fhe ~ppointment of • Reteive~, such Court shall Forthwith appoint a receiver of said mortgaged prope~ty all end singular, includ~ng a!1 and senqular 'the income, prof~~s, issurs and revenues from whatever source derived, esch and every of which, it being express!y understood, is hereb~r mortgaged as if spec~fically set fath and desuibrd in the g~anting and halxndum clauses hereof, and suth Receive~ shall have all the boad and effective funct~o~s and powers in anywise entrusted by a Court to a Receiver, and :~ch appointment sFw!! be made by suth Court as an admitted equity a~d a matter of' absolute right to said MORTGAGEE, and without reference to the adequacy or insdequacy of the value of the property mpngaged or to the so~vency or inwlvency of said MORiGAGOR p fhe defenda~ts, and that such renrs, profits, incort~e, iss~es and revenues shall be applied by such Receiver acco+ding to the lien or equity of said MORiGAGEE and the practice of such Court. 8. To duly, promptly and fully pcrform, discharge, execute, effecL complete, comply with and abide by each and every the stipulations, agreements, conditions and covenants in sa~d promisswy note and this mwtgage set fath. 9. That in the event the ownership of the mortgaged premises, or any part thereof, becomes vested in s person other tha~ the MORTG4GOR, the •ti10RTGAGEE, its success«s and ass~gns, may, without norice to the MORTGAOR, deal with such successw w successor in interest w~th refereoce to this mortgage snd the debt hereby secured in the same manner as with Mortgagor without in any way vitiating or discharging the Mortgagors' liability hero- ~nder o? upon the debt hereby secured. No sale of the premises hereby mortgaged and no forbearance on the part ot ~he MORTGAGEE a its successors or assigna and no extension of the time for the payment of the debt hereby secured given by the MORTGAGEE or ita successors w auigns, ahalt operate to release, discharge, moc}ify charge or affect ihe origina! liab;lity of 1he MORTGAGOR herein, either in whole or in part. ; r l0. It is spec+f;cally ag~eed tbat ~ime is of the essence of this contract and that no waiver of any obligat~on hereunder or of the oblgaYan se- ` cured hereby shall at any time thereafter bo held to be a waive~ of the terms hereof or of the instrument secured herby. 11. In add:tio~ to the fwego:ng monthty payments of princ pal and interest req~ired by the promissory nore secured hereby, mortgagor covenants and agrees to pay to mo-tgagee wirh each monrhly payrnent an add~rionaf sum estimated by mortgagee to be equal to 1 j 12 of the annual cost of the follow- o~g: - A-All ~eal property taxrs levied or assessed agai~st the above described real estate. B-Premiums on fire and windstorm insurance as F~erein ~equ:red to be carried on the improvements situate on the above described p~emises. C-Premiums on such mortgage guaranty insurar,ce as mortgagee shall from. time to time deem fit to tarry on the ban secured hereby. t Mortgagee shall from time to time notify mortgagor in writing of the amount due and payable hereunder and such sum shall thereupon be due and F ayable on the due date of the next montMy payment and each successive month thereafter ur.til mortgagee shall notify mortgagor oi s change in such a•~~oun?. Such surns shall be applied by mwtgagee toward the payment of real property taxes, insurance prem:vms, and mortgage guaranty insurance p~emiums. IN WITNESS WHEREOf, the said MORTGAGOQ has hereunto set his hand and seat the day and ytar 'rst aforesaid. Sgned, Seated and delivered in the p~esence of: i aq w A33 ~ 03 . F (Seaq i ? ~ TS f.I1883 G Sl~r q ~ 57ATE OF FLOkIDA ~ ' couNrr aF St. Lucie ~ ` Befwe me personat(y appeared eT038 D~ j~'O~ ' _ nn M FQy his wife, to rrK well known and krawn to me to be , the individuais desuibed in and who executed the fwegoing instrument, and acknowledged befwe me 1F~at they exec~ted the same fw ihe purposes rherein expressed. And the said FQy ~ w~fe of the said - ' .T03@ D. FO'~ upon a separate and private examinatan by me taken separate and apart from her said husband, adcnowledged to snd before me that she executed said instrument freely and vol~rr rari{y and ,~r~r~~~f sny compu~ion, constraint, apprehension, o? fear of or from her said husband. ~ , ~ 1WlTNESS~nY hu~ an~d,:official seal thi: ~1'Ctl 'r v ~ . day of A. D. 19~ ~ ~ 1 `i . ~ . ~ . '~?p,/ ' ~ ' . ~ r Notary Public in a~d for the $tate of F{ai at I.~rge My Commiu;on expi~es: : 'O fu'rrt o~ ~inl~de aA ~v~trgt.~ Wan Associat~on r,~, • c i ~ . - - • . . - - ~ ~E li ~ fdt~V:erte. ~ , . . . . : j: ~ /Fsrt P.iefte, ftorida Y~,~uw) ny r.._ ..__....a W, - ' • . . . • - ~ ~ . ~ ~ : ri~EO a~~~Y~~~- ! This lnstrument Pre ared B J. H. Roberts Jr. st. ~uc~~ Cau~ P y ~ ROCER FO~SRA! t ~ Firs~F'federal Savi~gs 8 Loan Association ~~ERK C~~F{ED C~~RT of Fort Pierce~ p'1oTida pECORO yf Checked By I.~ ~ 1~ a~0 "1 t~~ ~ooK 2~3 PACf 2344 ~ ~~s3~ y~ _ -_.;~<~,,~~,,,~t . _ _ _ ~ - ~,;~°F N _ .