The URL can be used to link to this page

Home My WebLink About1444 3. To place a~d continuously keep on ~he bui:d~ngs now a hsrea(tN situaq nn said land and on all equ~pment ~nd personaily covered by this mor19- efls, with all prtmiums therson pa~d in full, (ire insursnce in ~he u~ual ~tandsrd poticy form, in a tum app~oved by the MORiGAGEE, and winditam ~nsvranc~ in tM usual sundard pot~cy (wm, in • sum approv~d by tM MORTGAGEE, i~ ~~?ch company or canpan~es as tM MORTGAGEE may d~rectt u?d all (ire and windstorm insuranu policiei a+ anY of said buildinps, any interest fherein o~ part ~hereol. in ~hs +99'eg~~e tum afa~said w in ~atess thereoi, shall contain the usual standard matgagee clause a wch olhet c1auH ~s the Malpagee may requ~r~. makirq tM tosf under ~a~d polb des, each and avery, payabte to said MORTGAGEE as its intereil msy appea~, and each and tvery such policy ~hall be promptly ass.gned and de~ivered ~o , any held by said MORTGAGEE ~s fur~he~ seturity to said mongage debt, and, not leu than ten (10) days ln advance oi the expiration ot each policy, to ds- liver ro said MORTGAGEE a renewal thereof, to~ether with a receipt for ths premium o( such •enewal; a~d ~here :hall be no fire or wind~~orm insur~~ce : placsd on ~~y of iaid buildings. ~ny interett therein w p+rt the~eof, unless in tl+e form with tM loss paYable ai aforosaid; and In the event any ium of rtwney becomes payable under such poliq or policies said MORiGAGfE shall have ~he option to receive and +pply the iame on accovm of the i~debfed- ness ucured hereby o~ 1o permit uid MORTGAGORS to roceive and use it or any parl thereof fo~ othe~ purNoses, w~~hout ~h~reb~ wai~i~ig or u~,pa~r- ing any equity, lien or right under w by virtue of this mo: sgage; +nd in IM event w~d MORTGAGORS shal) fa +~y reason fail to keep the said premisrs so insured, a fsil ro deliver p.omptly a~y of said policies of insuroncs to said MORTGAGEE, u fail promptly to pay fully any pre~nium therefor w in a~y respect fail b perform, discharge, exrcute, effetl, complete, comply with snd ~bide by ~his covenant, w any parf hrreof, said MORTGAGEE msy place and pay for such insurante or a~y parf thereof without waiving or affMinp any optan, lien, tquity, w right under o~ by vinue of this Mwtga9e, and the ~ full ~mouM of each and every such paymenl shall be immediately due and paysble and shall bear interest f~om tM date thereof ~ntil paid at fhe rate ot nine per centum per annum and to3ether with such interesl shall be secvrcd by the lien of this mortgage. ~ 1. To ptrmit, tommit or sufier no waste, impairment w deterioration of said property or any pa?t thereof. ~ ' 5. To pay atl and singulsr the costs, cha~get and expenses, including a reasonable atto?ney i fee and costs of abstrads of titls, incurred or paed at any time by said MORTGAGEE, because a in the event of the failure on the pan of the said MORTGAGOR to duly, p~omptly and fully perform, dixharge, execute, et(ect, complete, comply w~th a~d ab:de by each and every the stipulations, agreeme~ts, conditiwu, and covenant~ of said promissary note and thit mortgage any a ei~her, and said costs, charges and expenses, each and every, shall be immed~ately due and payabte; whether or ~ot there be notice dr mand, ettempt to collect or suit pending; and the fut! amou~t of each snd e~ery such paYnunt shall bea~ interes~ from the date thereof until paid at the rate of nine per centum per annum; and all said costs, charges and expenses incurred w paid, togelher with such interest, shall be secured by the lien of thi~ i mortgage. ~ 6. That (s) in the event of any breach of this lMortgsge or default on the part of the MORTGAGOR, or (b) in the event any of sa7d sums of money herein refared to be not pranptly and fully paid within th~rty (30) days next afte~ the same severally become due and payable. without demand w notice. or (c) in tha event each and every the stipulations, agreements, conditions and covenants of sa~d promissory note and this mortgage any or eilher ~re not iuly, promptly and fully performed, d~scharged, executed, effec~ed, completed, complied wifh and abided by, then in either o~ any such event the said ag gregate wm mentioned in said promissory note lhen remaining unpaid, with interest accrued, and all moneys secured hereby, shail betome due and pay- ab:e fathwith, u thereafter, at the op~~on of said Mt~RTGAGEE, as fully and completely as if all of the said sums of money were aginally st~putated ro be paid on s~ch day, anything in said p~omissay note w in thi: Mortgage to 1he contrary notwithstanding; and the~eupon or thereafte~ at the option of said MORTGAGEE, without notice w demand, suit at law or ia equity, therefwe or thereafter begun, may be prosetuted as if all money secured hereby had matured prior to its institulion. 7. That io the event that at the beginning of or at any time pendirg any suit upon this Mwtgage, or to foreclose it, w to reform it, or to enforce payment of any ciaims hereunder, said MORTGAGEE shall apply to the Court having jurisdiction thereot for the appo~ntment of a Receiver, such Court shall i forthwith appoint a receiver of said mwtgaged property atl and singutar, includmg alt and sirgular the income, p~ofits, iuues and revenues i~om whatever ~ :ource derived, eath and every of which, it being expreuly understood, is hereby mortgaged as if spetificatly set forth and desuibed in the 9ranting and habendum clauses he?eof, and such Receiver sl:all have all the broad and effettive fv~ct~o~s and powen in anywise entrustetl by a Court to a Receiver, and s~ch appointment shall be made by such Court as an admitted equity and a mafter of absolute righl to said JNORTGAGEE, and without reference to the adequacy or inadequacy of the value of 1he property mwtgaged or to the sotve~+cy or insolvency o( said MORTGAGOR w the defendants, and that such ren+s, profits, income, issues and revmues shali be applied by such Raeiver according to the lien w equity of said MORTGAGEE and the practice of such Court. S. To duly, promptly artd fvlly perfornt, discharge, execute, effed, complete, compty with and abide by each and every ihe stipulations, agreements, conditions and covenants in sa~d promissory note and this mortgage set fwth. 9. Thaf in the event the ownership of the mortgaged premises, a any part thereof, becomes vested in a person other than 1F~e MORTGAGQR, the h50RTGAGEE, its successors and assigns, may, without notice to the AM1ORTGAOR, deal with such successor w suctessor in interest wi~h reterence to this morfgage and the d>bf F~ereby secured in the same manner as with Mortgagor without i~ a~y way vitiating w discharging the Mortgagors' tiability here- unoer w upon the debt hereby secured. No sale of the Fremises hereby mortgaged and no forbeara~ce on the pan of the IAORTGAGEE or its successors or assigns and no extens~on of fhe time fw the payment of the debt hereby secu~ed given by the MORTGAGEE or its successors or auigns, shall operate ro release, discharge, modify change w afiect the original liabitity of the MORTGAGOR herein, either in whote or in psrt. 10. It is specifically agreed that time is of the essence of this contract and that no waiver of any obligation hereunder or of the obtigatan se~ cured hereby shall at any time thereafter be hetd fo be s waiver of the terms hereof w of the inst?ument secured he~by. 11. In add~tio~ to the fo~ego:ng monthly payments of pr6nc'pal and interest required by the promissory note secured hereby, mortgagor covenants and agrees to pay to mortgagee vvith each monthly payrnent an addirional sum est~mated by mortgagee to be equal to 1/12 of the annual cost of ihe follow- ~ng: A-Atl real property taxes levied or assessed against the above deuribed real estate. B-Premiums on fire and windstorm insurance as herein requ:red to be carried on the improvements situate on the above described premises. C-Premiums on such mortgage guaranty insurarce as mortgagee shall from time to time deem fit to carry on the loan secured hereby. Mortgagee shall from time to time notify mortgagor in writing of the amo~nt due and payable hereunder and such sum shall thereupon be due and j F.avable on the due date of the next month!y payment and each successive month thereafter ur.til mortgagee shall notify mortgagor of a change in such j j~,ount. Such sums shall be applied by mwtgagee toward the payment of real property taxes, insurance prem;ums, and mortgage guaranty insurance f p'emiurttif. , ~ IN WITNESS WHEREOF, the said MORTGAGOR has hereunto xf his hand and seal the day and y ar first afweuid_ : Signed, Sealed and delivered ' the presente of: ~ p S. . P.~ I ~ j!4~o A!t _ R~4 d EO . { ST. 4UCtt GO',IMTy ~LA• BY : a4 w i tnes s• R~a+ ~?~i1Rlt~ ~ s P. a Preside a~ ctc~K ~;•:~~?r cauRr arrESr witnes I: ~ ~r~r~ 'rE~t =~E?......~-~ redrick R. Bau~aan Secreta~~ A~ 3~ i fi ~T3 - _ - reasurer _ - 255181 STATE OF FLORIDA COUNTY OF BRUi~TARD ~ ~ N1ay , A. D. 19 ~3 , g 1 HEREBY CERTIFY, That on this l8 day of ~ ; before me personally appeared Thomas P. Monahan and Fred=ick R. Bauman ~ - ?reasurer z respectively as President and Secretary , of ~ S. S. P. , Inc. ~ a Florida Corporation, to me } known to be the persons described in and who executed the foregoing instrument and severally acknowledged tf~e-e~C~'•;,, i ~ ~ cution thereof to be their free act and deed as such officers for the uses and purposes therein mentioned; and tl~t ~~.~ey . ~ ' < affixed thereto the official seal of said corporation, and the said instrument is the ad and deed of sa1d,~IRQtat~n. i~~=. , WITNESS my hand and official seal at Fort Pierce said c ty and state. Y.~. j This instrument~ prepared by ; ~ ; ~ c- <<- t Tho~nas A. Driscoll + ~ Notary Public, in~,fp~bf~a~r~ ~t~,t~Satd. ' . ' ~ F irst Fedesal Savings & Loan ~ ASSOC1at1oD of FOrt P1QZC6 ~ Florida . My Commission Ekpi~am~,~a, E:arK oa. 4r 1978 ~'"•~fs:~~~•~"`' • ~ bondsd by American Fro 6 Casuollr Checked By ~ u Ya _ _ _ . . - ~ ~P ~ " =<z ~ ~ ~ - 3~ .?'_-.:.-^i .,L"s`."'.~s:,-3