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Home My WebLink About1290 3. To place and continuously kcep on the bui:dings now or hereafter ~ituate o+~ said ~and and on slt equipment and personslly covered by thi~ matg• sy~, witA aJl premium~ thereor~ pa+d in lull, firc insu~ants in the usual standard polity lorm, in a sum approved by the MORTGAGEE, and wind~w~m inswante in the uwsl stsnda.d pol~cy form, in a sum app~oved by tha MORTGAGEE, in such company or companies as the MORTGAGEE may ; di~~t1; ~nd all fira and w~ndsterm insuranca pol7cies on any of said bvild;nye, ~ny interost therein o~ part thereof, in the aggregate tum i}o~esaid w < in ~xcess thereof, shall contain the viual standard mortya9ee clause a such olht? clauae as the Mort9~9ee may requ~ro, makin9 the loss unde~ sa~d polF ' cie~, each and ~very, paya5le to ~aid MORTGAGEE as its in~e~est may appear, ~nd each and eve?y such pol~cy •hall !x p~omprly ass.yned and detivered to f any held by uid MOR/GAGfE as fvrther security to ssid mortga9e debt, and, not leu tMn ten (10) days in sdvance of the expiration of each pol~cy, to d~- ~ IivN to said MORTGAGEE a renewal thereof, toge~he~ with a receipt fw the premium of tuch renewal; and thero shafl be no fi?e or wi~dstorm insu+ance ' placed on any oi said buitdirgs, ~ny interest thereio o~ pa~t thereof, unles~ in ths fo?m and with tM lou payable as efaessid; and in the rvenl any sum ~ of monay becomes payabte under such policy a policies said MORTGAGEE shall Mve the option to ~eceive and apply the same on accovnl of the indebted- r~ess secured hereby w ro pe~mit said MORTGAGORS to receive and use it o~ any parf rhereof for otnea purposes, wl~ho.,t th=:nui wae~~ng or ut~pair- inp any equtty, lien or r3ght under a by virlue of this mo:tgage; and in the ~vent uid MORTGAGORS shall fo? a~y ~eason i/~~QkA~t~~KQnisrs so inw?ed, pr fai) to deliver p~omptly a~y of said policies of insuranca to said MORTGAGEE, or fail promptly to pay fully ~(~~u@~~eTeY~~, in any respea fsil ro perEorm, d~scharge, execute, effed, tomplets, tomply with snd abide by ~his covenant, or a~y part hereof, said~{i6~F~fER1b8~ P~+~e and paY fw t.rch insurance w any part thereof witFa~t waiving a affecting ~ny oplion, lien, equity. w righf un.ier or by v li,~qqf ~1~,(~tQ~~nd tht full amovnt of each ar~d every such payment thalt bc immediatety due and payabfe ar~d shall brar inte~asl from ths da~(~fJe¢til~pa~ at t~~tgot . nine per «etum pe~ annum and togelher wiih such interest shatt be secured by the lien of thii mortgage. 4~ ; 1. To permit, commit or suffer no waste, impairment w deterioration of said property ot any part thereof. ~ 1 A I7 pV t~~ t{1 G 1 it ~ 5. To pay aIl and singular the costs, charges and expenxs, including a reasonable attwney's fee and costs of abstrad• of titte, incu~red or paid ar any time by said MORTGAGfE, betause w in the event of the failure on the part o! the said MORTGAGOR to duly, promptly and fully peafwm, d~xharge. ~ t • execute, eifect, comp{ete, comply with and ab~de by each and every Ihe stipulations, agreements, conditiona, and covenants of ssid promissory note and ~hii ~ mortgege any w ei~her, and said costs, cMrgea and expenses, esch and every, shatl bs immediaroly due and payable; whe?her a no! tF+ere be nouce dr mand, attemp~ to collect or suit pe~xling; and the ful) amount of each and eve?y such payme~t shall bear interest from the date thereof ~ntil paid at thc Q rate of ~ine pe~ centum per am~um; and all said costs, charges and expe~ses incurred or paid, together with such interesl, shall be setured by the tien of this j~ mortysge. W b. Thaf (a) in the event of any bresch of this Mwtgage or default on tM part of the MORTGAGOR, w(b) in the event any of said sums of money ~ herein referred to be not promptly and fully paid within thirty (30) days nexl after the same severalty betome due and payable, witFwut demand or notice, ~ or (cj in the event cach and every the stipcitatiw~s, agreeme~ts, condirions and covenants of u~d promissory ~ote and th~s mortgage any or eitFx~ ~re no1 iuly, promplly and fully perfwmed, d~xharged, executed, effected, completed, complied w~th and abided by, then in either or any such event the sa~d ag gregate wm rtkntioned in said promissory note then remaining unpaid, with interest accrued, and atl moneys secured hereby, shall become due and pay- able forthwith, w thereafter, at ihe option of said MORTGAGEE, as fully and completely as if all of the said sums of money were wiginally st~pulated to be pa~d on such day, anything in sa:d promissory note or in this Mortgage to the con~~ary notwithstanding; and thereupon or thereafter at the opt;o~ of said MORTGAGEE, without notice or demand, svit at !aw a in equity, therefore or thereafter begvn, may be prosecuted as if all moneys secured hereby had ma~u~ed pnor to ~fs institution. 7_ That in the event that at the beginn7ng of or a1 any time pe~ding any suit upon fhis Mwtgage, a to fweclose it, or to reform it, or to enforce paymenl of any claims hereunder, said MORTGAGEE sha11 apply to the Courf havirtg jurisd'+ttion thereof fw the appointment of a Receiver, such Court shafl Forthwith appoint a receiver of said mortgaged property all and singular, includ~ng all and singular the income, profi~s, issues and revenues from whatever source dcrived, each and every of which, it being expressly understood, is hereby mortgaged as if spec~licaity ut forth ar~d described in the g.anting and habendum clauses hereof, and such Receiver shall have all the broad and effect~ve func~~ons and powers in anywise entrusted by a Court to a Recei~er, ar,d such appointment shall be made by such Court as an admitted equity and a maner of absolute right to said MORTGAGEE, snd wiihout reference ~o the adequacy a inadequacy of the value of the p~operry mwtgaged or to the so;vency or ;nsolvency of said MORTGAGOR or the defendants, and ?hat such rents, pro(its, income, issues and revenues shall be applied by such Receiver atcord~ng to the lien or equity of wid MORTGAGEE and the practice of such Court. 8. To duly,~pramptly and futly pe~form, discharge, execute, effect, complete, comply with and abide by each and every the stipulatio~s, agreemen!s, conditions and covenam: ~n sa~d promissay note and this mortgage set fwth. 9. That in the event the ownership of the mortgaged premises, or any part thercof, 6ecomes vested in a person ather than the MORTGAGOR, the MORTGAGEE, its successws and assigns, may, witFrout not;ce to the MORTGAOR, deal with such successor or s~ccessor i~ interest with re(erence to this mortgsge and the debt hereby secured in the same manner as with Mortgagor without in any way vitiating or discharging the /~lortgagori liabitity herr under or upon the debt hereby secured. No sale of the premises hereby mortgaged and no forbearance on the part of the /dORiGAGEE or its successors or ass~gns and ~o extension of rhe time fa rhe payment of the debt hereby sxured qiven by the MORTGAGEE or its successors or assigns, ahatl operate 1o release, dixharge, mod'+fy change w affect the original liability of the MORTGAGOR hcrei~, either in whole w in part. 10. It is spec~fically agreed that time is of the essence of this contract and that no waive~ of any obligation hereunder or of the ob(igation se cured Fxreby shafl at any time therea(te~ be held ro be a waive~ of the terms he~eof a of 1he instrumeM secured herby. ~ 1 T. tn add~tion to ?he foreqo:ng monthly paym~nts of princ'pal and interest required by the promiswry no!e secur~ hereby, mortgagor tovenants ` and agrees to pay to mortgagee vc~th each mo~~hly payment an add~riona) sum est~mated by mortgagee to be equal to 1 j 12 of the annual cost of ~he follow- ~ iny: ~ A-Atl real property taxrs tevied w assessed agai~st thc a6ove desvi5ed real estate. ~ 6-Premiums on fire and windstorm insurar.~e as herein requ:red to be carried on the improvements situate on the above described premises. ~ C-Premiums on such mortgage guaranty ir.wrar.ce as mor?gagee shalt irom time to time deem fit to carry on the loan secured hereby. t Mortgagee shall from time to time notify mortgagor in writing of the amount due and payabte ixreunder and such surn shaN thereupon be due and ' payable on rhe due dare of ~he next month:y payment and each successive month thereafter urtil mortoagee shall notify mortgagor of a thange in svch amount. $uch sums shalt he applied by mortgagee toward the payment of real property taxes, insurance prem:~ms, a~~d mortgage guaranty insurance premiums. a IN WITNfSS ~YHEREOF, the said MORTGAGOR has hereunto set his hand and seal the day and year first a(oresaid. Signed, Sealed and delivered in the presente of: , y _ ~ Yl IP_ O OTl sn Wztness ; 5 aron . i`~.-I Witn~ss fo A e - ~~ap „ ei a M. oc on {~ai~ i ness ume~ . z 1 ' ' ' ATE OF 6KOR14~C ~iI ~uIGAr~; ` •_tnqs~• or . n~ re 'i l ~o~Nn oF OAKL:~t1B i ~ ' Befwe me perso~aUy appaared ; Sheila M Rochon to me well known and known to me to be ~ the individua: desvibed in and who executed t~ fo•~n~ing instrupoent, pnd actcnowtedged before me that a/,t executed the same fa the purposes ~ therei~ expressed_ ~ ~ ~ ~ DQclt~1GM18~C]iqKe~OdG~iK~id~B[d~YdO?6~a1[~fcYd~fXeXYa7~3~Xs~+1it~~Laluii> ~~C " '+{»'{r r~+ ~it~n~i~I~y~C~~r~ i D(~CaQDC?i~11lIIfQt7tOl3Cata6Dd3i~1G~fDIt~MIi QX3~fr2ACnYibbXaf?fdii~af~6X~olFJ4~Xi7'~Nt~AG~ir~ I WITNE55 my bandJer?d officia! ual this 1-~ `h day of June ~ p. 19 73 ' '`,~~teN~~~~ i~llf ` : H~~, f,;._ For ~hei?~ :~i. ~ochor. Q~,~,,QQ ` ~';~Oril' ?v V J~ Nota Publit in and for the Slate of ~~siiR-at lar e ; ' ';1:~' ~j. j~ Befc re rr~ ~erscnally a. F earEd My Commission exp~«,: tftlct~i~~n ~ `~ir Fd~.:t~ ii ~~o~, "Andre-t~ . VKc,ch~n r,e ~:ell ~kno~-n : nd SMARON A. Nll_ ~ - :,r~~ $ cic.~a.o~-~' .or,~ 6rt P.;e~~e: kflof:!1 t,c r~a l,.o be the indivicual ~ry PuDiic 4eida n M~cn~gan 'r~s. T' c~ Fo~ cw.h~ na Cou h~ 18, 1~74,•,~~,~ti~~r~•.,,., ~ ~ C~r aescrib~e _n ana t:i~o ea.ecuten Lhe My (',ommissie~n Exttiires March F .,~-r., ~'a•~~- fnr:~in- 3natrument; an~ ~.cknc,kl=c~YEC ~efcre n~e tt:at Y, . e~cu}~c ~~r;e'• ; ~ ~ i-j•. ~C ~ x ~ ~ ~ - ~ _ ° i /C;~ same fcr t~e rurcc se +~;erein expressec . ; ~ ~ • ~ ~ s ~ ' Witn-~ss r~y har~~ vr.c+. o~_°~_cial ~~~~I t°,is 14th 'c~a}+ ~~f ~~a~;' ~ ~ ` _ ' it ` _ i=~r`- F . D. ? 9?3, ? r *h~~ St.~t: of Fiori ~ta ai,d Cuun±y c~~ St . Lu~ie. ~ a ~~.~'e'~ i . ; S ins! rtir~e:~t Prenar~~l ~ _ ~ .,.~'c' ~ _ a - ~i , f' 3 y e c ~ ~ t'1~ t~-~ ~ ; A • " : ~ ~ • • .i ~TGY1rV P~:`~1~~ in` 3r.~i fr r t;:e S*_?.t~. of ~t ~~.:er~~l ~~vznr;c an:i Lc~~r. ~ :~~~ia~.io-, c-,f l~t. P~F~rc:,~ rl~~r~~~~ ~tt I.a:-~c, f .'7 ~ri ~1? f~_, ::y ~~.~m s~i c r .~xf i rr • ' . t~ ~ c~:~ ; ~+r. 1K,~~,~ - - _ ~ - : ~ _ , _ - . _ , - ~ "z,. - _ 1