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HomeMy WebLinkAbout0199 To plac~ and conri~uously keep on th. b•.+ldi~ys ~ow a Mre+1tN utwt~ o~ said land and on ali equipmeni ~nd p~rwnally cov~red by ~hi~ mortD~ , ~ga, with all premiums thereon pa~d in iutl, fite insurante in the uswl sundard policy fwm, in • tum ap{xoved by 1M MORfGAGEE, a~d winds+am iniwanc~ 1n 1M viwl iundard poGcy !am, i~ • ~um approved by tM MORTGAGEE, in wch compa~y w cunP+n~ei +s 1M MORTGAGEE may ; di~Ktj a~id all f'u~ and windi~orm i~w~anc~ policisa on any of Nid ifuildin~3, ~~y 1nt~reSt 11~tlin 01 pi?t thl~f0}, if? fFN ~Q~~t9~ff tuin ~~OffNid OI ; In ~xc~ss thereof, thall contain tM uswl t~andard morlga~ c1a~H a ivch otha claus~ u tM MorlyayN may reqv~r~. makinp IM lou ~nder ~a~d poli~ i ciss, each and ~very, psyabte to said MORTGAGEE u its inletest may app~ar, and each u~d evay tuch policy shall b~ prompNy au:gned and detivered to any hetd by iaid MORiGAGEE ss tu~thei iecurity to uid mwtgaq~ debt, and, rat less th~n ten (10) days in advance of the eapiration of each policy. ?o d~ ! liva to ~id MORTGAGEE a renew~l thc~eof, ~oq~ther with ~ r«~ipt for tM p.+mlum oi such re~ew+l; ~nd ~hen shsll bs no fire o? windstwm i~wr+nce pl~ced on ~ny of wid build~rgs, ~ny in~aeit therein w part tFKreof, u~leu in the fwm and with ths bu payable +s afor~~aidt +nd in th~ event any ium of naney becomes p+yabla v~de? such policy o? policies wid MORTGAGEE shall haw 1he option to ~ece~ve and spply tM same a+ accou~l of the i~xlebted neu secured hereby w ro permit said MORTGAGORS to reteive ~nd us~ lt w sny part thereof fa othcr purposes, wi?hout th:+eb/ waiving w m,pa~r- ing any equity, lien or right unde~ or by virtw of this mo:tg~ge; +e?d in tM evero wid MORTGAGORS shall fw any reason fail to keep the ssid prem~~es so insured, oi fsil ro deliva Promptly ~ny of said policies of insur~nt~ to said MORTGAGEE, or fail promptly to pay fvlly a~y premium theretw or ir? anY ~ respact fail b pafw~, diuMrge, execute, ef(ect, complete, compFy with ~nd +bide by this eovenant, a ~ny part hereof, said MORTGAGEE may place and pay fa suth inwrance w ~ny pul thereof without wsivinp w ~ffetting any option, lien, eqviy, or right under w by vi.tue of this Morlgsge, ~nd Ihe futl amovnt of each snd every such payment shall be iminediately due and psyabls and ihall bes~ Interest from ths date thereof until paid s~ the rate ol nins per ce~tum pet annum and to~Nher with such interest shall be secured by tM 1'~en of this mottgage. 1. To permit, tommit or suf(er no waste, impairment a deterioratio~ of said properry or any part thereof. 5. To pay alf and sinputu the costs, charge~ and expenses, including s ressonable anorney's fee and cosb of sbstradt of tiNe, incur?ed w pa~d at a~y timc by said MORTGAGEE, because a in the event oi the failure on the part of the said MORTGAGOR to duly, promp~ly and fully perfwm, dixharge, execute, etfetL complete, comply with and ab:de by each end every the stipulations, agreemenri, conditio~t, snd covenants of iaid promissory note and this mortgage any a eithe~, ~nd said cos», cMr9es and expenses, each and every, shall be immediately due end payable; whether a not there be notice de~ mand, ~nempt to colled w suit pend~ng; and the fvll amo~rnt of each and every such payment sMll besr intereit from ~he date the~eof until paid at the rate of nine per centum per aru~um; and al{ said costs, charges and expenses incuned o? paid, together with such interest, :hall be tetu~ed by the lien of thu mortys~s. 6. That (a) in the event of any brexh of thi~ Mortgage w default on the part of the MORTGAGOR, or (b) in the event any of said sums of money hr•ein referred to be not promptly end fully paid within thirty (30) days next after the same uverally become due snd payabk, wilhoul demand or notice. or in the event exh and every the ttipulatio~s, sgreementa, conditions a~d covenants of tatd promiuory note and th~s mortgsge any a either ~re ~ot iu~y, p?omptly and fulty perfwmed, d~stharged, executed, effected, completed, complied with and abided by, then in either w any :uch event the said a¢ gregste wm mentioned in said promissory rate then remaining w+paid, with interest uuued, and all moneys :ecured hereby, shall become due and pay~ nble torthwith, or thereafter, at the option of said MORTGAGEE, as fully and completely as if all of the wid sums of money were originally st~F~lated to be paid on such day, anything in sa~d promissory note u in this Mortgage to the contrary notwithstanding; and thereupon w lhereafter at the option of sa~d MORTGAGEE, without notice a demand, suit at law w in equity, tlxrefore w thereafter begun, may be prosecuted as if all moneys secured F+~reby had mslured-priOr to its institutiOA, . ~ ~ 7. That in tlx event that at the beginning of a af any time pending any auit upon this Mortgsge, w to fweclose it, w to refwm it, or to enforce payment o! any claims hereunder, said MORTGAGEE shall apply to the ~ou?t having jurisdiction thereof fw the appo~ntment of a Receiver, such Cou?t shall forthwith appoint a reteiver of said mortgaged property al) and singular, intlud~ng all and singutar the income, pfofits, issues and revenves from whatever wurce derived, each and every of whrch, it being expreuly understood, is hereby mwtgaged ss if speciiically set forth and desuibed in tF?e graroing and habendum clauses hereof, and such Reteiver shall have all the broad and effedive f~nct~ons and powus in anywise entruated by a Gourt to s Receiver, and such appointment shall be made by such Court as an admitted eqvity and a mattr. of absolute rght to said MORTGAGEE, u~d without reference to the adequaq o~ inadequacy of ~he value of the property rtwrtgaged or to tFx solverxy or insolvency of said MORTGAGOR o~ the, defendann, and that such ~ renn, profits, incwoe, issues and. revenues shall be applied by such Receiver acoordir~ tp the lien w equity~of said. MORTGAG~E and the pradice of such ~ Court. ~ ~ . - . . . . 8. To duly, promptly and fully periorm, discharge, execute, effect, complete,. comply with and abide by each and every the stipulations, agreements, conditiorn and covenants in said promissory note and this mwtgage set forth. 9. That in the event the ownenhip of the mortgaged premises, a any part thereof, becomes vested in a person other than the MORTGAGOR, the MORTGAGEE, its successors and assigns, may, without notice to the MORTGAOR, deat with such successa or successor in interest with reference to this mortgage and the debt hereby secured in the same manner as with Mortgagw without in any way vitiating or diuharging the Mortgagors liability herr ~nde~ w upon the debt hereby aecured. No sale of the premises hercby mwtgaged and no fabearance on the part' of the MORTGAGEE or its successas ~ or auigns and no e:tension of the time for the payment of the debt hereby secured given by the MORTGAGEE or its succe:sws w auigns, .twll operate ~ ro release, d~scharge, modify change or affect the original liab~lity of the MORTCaAGOR herein, either in whok or in part. ~ 10. It is spec7fically agreed that time is of the essence of this contrad and that no waiver of ~ny obfigation hereunder or of ths obligation se- cured hereby shall at any time thereafter be held tu be a waiver of the terms hereof o? of the instrument secured ke[by. _ 11. In add~tion to the iwego:ng monthly payments of prin~ pal and interest required by the promissory no~e secured hereby, mortgsgor tovenants i and agrees to pay to mortyagee with each monthly payrnent an addi~ional sum estimated by mwtgsgee to be equal to 1/12 of the annual cost of the follow- ; ing: ~ A-All real properry taxes levied or assessed against the above described real estate. ~ ' , B-Premiums on iire aod windsrorm insurance as here~n requ~red to be carried on the improvements situate on the above desui6ge~i(~eMi~''. ~ i ~ , C-Premiums on such mortgage guaranty insurar,ce as mo:tgagee shall from time to time deem fit to carry on the ban setVr~ blt~~`~/~.•~~. ~ Mwtgagce shall trom time to time notify mortgago? in writing of the ama,nt due and payabk he?eunder and suth wrp all•~vpvn. be duEian~ payable on the due date of ?he nezt moNhly payment and each successive mo~th thereafter ur.til mortgagee shall notify rtmr~apor'd~a change, in w[~j ~ amounf. Such sums shatl be appfied by mwtgagee toward the payment of ~eal property taxes, insurance prem~ums, and ?npft~aps ~ua?~nty iosv~ar~o~ ( premiums. _ e : 1" ' ~ ~ , _ ~ ~ IN WITNE55 WHEREOF, the said -MORTGAGOR has hereunto set his hand and sea) tF~e day and year f'ust afweslN~" - ~ : ~ igned. Se and ed i ihe {xesence of: ~ ~ F~LEO ~He +~~c~R~co gT: j ST.LUC;~ ~OU~TY FIA. ` ~ - , . ~ ~~~c= =GiiRAS _ , ~ ctE,.x : .~~iT ccuat Attest: ~ - ~n _~r,.,, ~ :D • s~~ an - - - - - - - - - - ~ - - - . l~ur la- y 26 ~~r3 25~289 STATE OF FLORIDA ~ COUNTY OF ST LUCIE I HEREBY CERTIFY, That on this f~ ~ day of ~ , A. D. 19~-, before me personally appeared H8ze1 J. HaiTis and ~ A• g~a respectively President and Secretary , of .$ARRTS t'.(y~ST~'7'TON (~ORP '1'ZD1~1 , a F7 eri~a Corporation, to me ~ known to be the persons described in and who executed the foregoing instrument and severally acknowledged the exe- ~ cution thereof to be their free act and deed as such officers for the uses and purposes therein mentioned; and that they ~ ~ affixed thereto the official seal of said corporetion, and the said instrument is the ad and deed of said corporation. WITNESS my hand and official seal at Fort Pierce ,;aaid county an state. This instrua~nt prepared by ' ; . . Wa. S. Bratai • - - ~ FYrst Faderal Sa~inga sifd Loet1 ~f~Y e and County aforesaid. ~ Associatian of Fort Pierce, Florida N?y C'a+r~~'?~ss~t, :p~tss: 6, i9~-r ~ , ~ , : ~ v . ~ ~ _/~~5, ~ . - :i2 ` . i Checked BY • ;~y' ~ ~ = ~'r ~:1, S 1 S v~~~~ . - a 0 R ~ = ~ goo~ 214 ~ 199 ; , ~y . ~ ~ . _t_ ~5ry~ s~ ~ ~fL 3' ~ \ ~ y - . 's. rt,. +~s l~^' ~ _ t ~si` ~r..~ ,3'"+^~y'~T- .~.:~z`~"._ .f:_..~..~ 2c?' _ _ . . , _ ~,a~~°e~sh.