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HomeMy WebLinkAbout0369 3. To place ind con?inuousty keep on the build~ngs now a hereafttr situaie on ss~d land ~nc! on al! equ+pmrnt and personally covered by this mwtg- egs, wilh all premiums ~htreon pa~d in (ull, (i~e insursnca in the usual starxlard polity (orm, i~ a sum approved by the MORiGAGEE, and w~ndstorm insurance in tM v~ual s+andard pol;cy Fwm, in a sum approved by the MpRTGAGEE, in such company or compan~es at ~he MORTGAGEE may d~recr, ~nd a11 fire a~d w~ndaeorm insurar~ce policies o~ any of sa~d buildinps, ~ny intere~t therein w pa~t thereof, in the agg~tqate sum staesaid a i~ ~xceu thc+eof, i~all contain the uiual standa~d matgagee ciause w such o~her clsuss as tM Mortyagee may requ~re, makin~ ~he ~o~i under sa~d po~i- c~es, exh a~d every, payable to said A10RiGAGEE as ~ts intereil msy sppsar, ~nd eacA and efcery auch policy shall be promptly ass.gned and detive~ed to eny held by taid MORTGAGEE as fu~ther secvrity to uid mortgage debt, and, not !eu ~Mn ten (10) days in advance ot the expira~ion o1 each policy, to de- I~ver to taid MpRTGAGEE a ~enewal thereof, to9e~iwt with a recc~pl ia lhe prsmium af such renewal; and ~hue shaU bs no f~re or wind3ro+m insursnce p~xed or~ any of said bvildings, any in~e~est ti+erein a pa~t thereof, u~less in ~he tam and with Ihe loss p+yable as aforesaid; and i~ tht event any sum of money becpmet payable unde~ such policy or polKies taid MORTGAGEE shall have ihe option to receive and app~y tha isme on accouM of ~he indebted- ne~s secured he~tby w ~o perm~t said MORTGAGORS to'r~ceivs and us~ it or any pa~t the~eof fa other purposes, wiiho~t th:rcb~ wa~~~n~ or ~mpair- ~ng any equ~ry, lien a right under w by virtue of this mo::yage: and in the eveM sa~d MORTGAGORS ~hall ta any reawn fait to keep the ~aid premi:zs so insured, o? fail to deliver p~omplly ~ny of s ~~d policies of insurance to ssid MORTGAGEE, or fail promptly to pay fully any p~e~*~ivm therefw w in any respect fail ro pe~fam, d;scharge, exetute, efFect, complete, comply with and abide by th~s mvenant, a any pan hxreof, wid MORTGAGEE may piace ar+d pay fa such insurance or any part thereof w~thout waivi~g or affec~ing ~ny option, lien, equity, w ~ight unde~ w by virtue of this Mo•~gage, and the fult amovnt ot each and every sucA payme~t shall be immediately due and p~yabla snd shall bear interest from the date thereof un~il paid at the rate ot n~ne per centum per ~nn~m and together with s~ch interest shali be secured by the lien of thii mortgage. To permit, tommit or suf(er ino waste, impairment or deterioration oi said property w any part thereof. 5. To pay all end sinpular the coats, chatges a~d expenxs, including a ressooable attwney i fee and costs of abstracts of titla, incurred or paid at s any time by u~d MORiGAGEE, because or in rhe event of the failu.e on the par~ of the said MORTGAGOR to duty, promptly snd fulty pertorm, dncherge. i execute, eifect, complete, comply with and ~bide by each and every the stipulatio~s, sgreementa, conditions, and covenanb of sa7d promiswry note ~nd ~his ~ mortgage any w either, ~nd uid coats, charges and expenses, each and every, sMll be immediately dus and payable; whefher a not there be no+;ce d~ mand, at~empt ro cotlec~ or suit pe~ding; and the full smount of each and every such paymem shall bear interes~ from the date thereof until paid at ~he r.~re o( nine per ce~tum per annum; and all said costs, charges a~xl expenus incurred a paid, together with such interesl, shalt be secured by the lien of thii mortgage. 6. That {a) in the ev~nt of any breach of this Mwtgage or defaull o~ the part of Ihe MORTGAGOR, w- (b) i~ the eve~t ~ny of said sumi of mo~ey herein referred to be ~ot p~omptly and fv~~y paid within thirty (30) cJays next after the same sereral~y become due snd payabte, withOUt demsnd a norice, or (c) in the evenf each and every the stipulafions, ag~ezments, condifions and covenants of sa;d promiswry note and th~s mortgage any or e~ther a~e nol S iu~y, promptly and fuity perfwmed, d~scharged, executcd, effeded, completed, compVKd with and abided by, tlxn in either w any such svent the sa~d ag gr~~gate sum menrioncd in said promissuy note tF~en remainir~g unpaid, with interesr acvutd, and all mor~eys secured he~eby, shall become due and pay- able forthwith, w thereafter, at the option of said MORTGAGEE, as fully and completely as if all of the said sums of money were w~ginally st~pufa~ed tc be paid on such day, any~hing in sa;d promisswy note or irt this 1Nortgage to the contrary notwithstanding; and tFx~eupon w thereafter at the option of J sa~d MORTGAGEE, without no?ice or demand, suit af law or in equity, therefore or thereafter begun, may be prosecuted sa if ~II moneys secured hereby had matured pnor to ih institution. 7. That in the event that at the beginning of or at any time pending ~ny suit upon this Mortgage, w to (aeclox it, a to ~efwm it, or to enfwce payrrKnf of any claimz hereunder, said MORTGAGEE shall apply to ihe Court having ju~isdittion thereof fw tho appoi~trrKnt of a Reteiver, such Court shail ?orthwith appoint a rece~ver oF said mortgaged property atl and singular, includ~ng all and aingular the income, profits, iuves and revenues from whatever seurce de~ived..each and every of wh:ch, ii be~ng exp~es~ly unders+ood, is hereby mort~agcd as if speci(icaUy set fath and dexribed in the g.anting and habendum clauses hereof, and such Receiver shall have all the broad and eftettive funchons and powers in anywise entrusted by a Cou~t to s Receiver, a~d s~ch appointment shalt he made by such Court as an admitted eq~ity and a matter of. abiolufe right to said MORTGAGEE, and wifhout rcference to the adequacy or inadeqvacy of the valve of !he pioperty mortgaged or to 1he so.venty or insolvency of said MORTGAGOR w t!x defeoda~ts, and that such renfs, profits, intome, issues and revenue~ shall be app~ied by such Receiver accordi~ to the lien or equity of wid MORiGAGEE and the practice of such Court. B. To duty, pra~ptty and fully perfonn, discharge, execute, effect, comp!ete, comply wi?h and abide by each and every the stipulatians, sgrcemenls, conditions and covenant: in sa~d p~omisso?y note and thit mortgage set forth. 9. That in the event the ownership of the n~rtgaged premises, w any part thereof, betomes vested in a person other than the MORTGACaOR, the ~ A+'.ORTGAGFE, its successors and ass~gns, may, without notice to the MORiGAOR, deal wirh such successa a successor in interesf with reference fo this n-.o:tgage and the debt hereby secured in the same manner as with Nbrtgaga v.~thout in any way vitiating or d~xharging the Mortgagori Iiability FKrr ~nder w upon the debt hereby secured. No sale of the premisei hereby_ mortgaged end no forbearance on the part of the MORiGAGEE w its successors ? or assigns and rto exrertsion o! the time fa 1F~e payment of the debt hereby secured given by the MORTGAGEE or its succeasws or auigns, ahall operate ~o release, d~scharge, modify change o~ affect the original liab~lity of ~he MORTGAGOR herein, either in whok a in part. 10. It is specifically agreed thst Nme is of the esxnce of this contract and that no waiver of any obligat~on hereunder w of the obligation ~e- ~ c~red hereby shali at any rime thereafter be held to be a waiver of the terau he~eol w of the instrumeM secured herby. ~ 11. In add~t;on to th¢ forego ng monthly paymero: of princ pal and interest ~equired by the promiswry note secured hereby, mortgagor covenants and agrees to pay to mortgagee vaith each monfhly payr:ent an addirional sum est~mated by mortgagee to be equa! to l,i 12 of the annual cosf of the fo`(ow- ~;:g: A-All ~eal property fazes lei~e~ or assessed against thc above descr;yed real estate. B-Prem~ums on fire and windstorm insu~ance as herei~ requ~red to tx carried on the improvements situate on the above described premises. C-Prrmiums on wch mwtgage gwranty insurance as mortgagee sha11 from time to time deem fit ta carry o~ the loan secured hereby. Mwtgagee shall {rom hme to t~me notify mortgagor in writing of the amo~m due and payable hereunder and such sum shall thereupor~ be due and { ;.;}able on tt~e due aate of the nezt month:y paym~nt and eack successive month thereafter urtil mortgagee shall notify mprtgagor of s change in such a•~:ount. Such sums sha(I be app!ied by mortgagee toward the payment of real property taxes, insurance prem:ums, and morigage guaranty insurance e~emiums. IN YlITNESS WHEREOf, the said MORTGAGOR has hereumo set his hand a~d seal the day ear fi 1_ n~ore~p i Signed, Sealed and de~ivered,in the pre ence of: ~ ~Alr1 AY C• ~ Flitb r.4: ~ ~C~~~~ED ST.I'JCi:: ~uttyTr FIA. L ~ n - - ' > Fr . - ~~~'~a5 L ~ c f ' ; f! ' `Jt; C~UP,T - 'n ~ ~ nc~ r,~r• . n i ~ - ~ = SeaO ; _ ,k~ ~ 1 iD ~6 AH'73 - ~ : ~ y _ _ i ~~1(~ . C»~ ' •t ."~T.s f STATE OF FLORIDA COUNTY OF 5T. LUCIE '~42v ~ y i;l~;~;,~;;+ ;:i ; ~ ~ . - - ~ I HEREBY CERTIFY, That on this of-3 day of Ap=il ~ A. ~ ~9 73 ~ ; before me personally appeared Ab=ahaa HaY~? ~SeC~y- and ~~rat~ce Haya~ his wife s QSSL1YeY ; ~~~i~iy. ~-firi~Jor~t~nd BItgR~fe Hernd P7[~-d~t~~~ ar'd lu~ry~i6r_*~dan~ hi~--~~f _ C~~tYe~~~*~~rt.pr, ~y Inc. , a RloYida 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 purposss therein mentioned; and that they ~ ~ affixed thereto the officiat seai of said corporation, and the saicf instrument is the act and deed of said cor ration. `NITNESS my hand and official seal at Fort Pierce said county d stat ; ?his inatruunt prepaxed by J. H. ~Roberts, Jr. ' Flatst Fedesal Savings and Loan Assocfati z o! Fott PiftCei Flo=~de? Notary Public, in nd for Stete ~nd nty afot ~ fd• _ My Commission Expires:~~ k . - _ • : . . • _ . pi~.. . - . Checked By . "^~'c~C'...,•~,~-`' _ RiL. _ ~ . . i ~~~x2~.5 ~~~E 367 1S ~ - - - - - ~ ~ - ' t c ~ , '.~Y t~`~ ~ "-g--:~ .x r„x Y _ -~*_rs,"•.}~~`~.~ u~~'x'?r-`e ~a-~...-~'_.~.,`- . . _ . . v:s,~~ <`.'~''x `m