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HomeMy WebLinkAbout0304 3. To place and conr~nuousiy keep c~++ the bu~:d~n~s ~ow a hereafter ~~tuate on ~a7d land and on all equipmero ar•d pe~so~ally covered by ~his mor~g- age, w:th all p~emiums Ihe:eon pa~d in futl, (ire iniurance in ihe u~usl srarw~ard pa~ticy lorm, in a sum approved by the MORiGAGEE, and winds~oim 7n~uranc~ in the vsual s~andard po~•ty fo~m, in a ium approvcd by the MORiGAGEE, in such company o~ cornpan~es as th~ MORIGAGEE m~y dlrecr; and sll iire a~d w~nds~orm insurance po~lc~et on ~ny of said bvi~d~n~s, any intere~~ therein or par~ the~eof. in the agqregaee sum ~Iwesatd or in exceu Iherco% shalt comain the ususl :tandard matqdgee clause a such othe~ clause as tM Mo~tgages may ~cquire, ma?ing ~he loss undrr sa~d poli- uss, euh and every, payable ro sa~d MORTGAGEE as ~ts iMC~e~I mar appear, •nd each and eve.y such poi~cy ~hall be promptly ais 9ned and detiverrd ro +ny held by sa~d MORiGAGEE es fur~her ~ecu~~ty to aaid mor~ga9e debt, and, not less ~han ?en (10) days in adva~xe o1 the explra~~on oi each pol~cy, ~o da live~ to said MORTGAGEE a r~nrwal ~hereof, 1oge~her with a rece~pt fw Ihe p~emium of such renewal; and ~here sha11 lx ra f~re or windstor~n insu~ante placed on iny o( said build~ngs. any inieretl ti?erein u par~ thereof, unless in tfa (orm and wifh the loss payabte as atoresaid; and in tne eve~l any sum of money becomes payable undN such polity a poUcies said MORTGAGEE shall hsve the opt~on to receive and apply the same on accoum of the iridebfed- ~ess secured hereby w to permit said MORTGAGORS to teceive and uae +t w any part thereol for otn!~r pu~po~es, v.~thout thr•. o~ wai+~~~~ ur ~n~p~,r- ing a~y eqv~ty, lim or right unde~ or by virtue o1 this mor'g+ge; and in the event said MORTGAGORS thall fa any reason fail 1o keep the sa~d premisrs so in~ured, or fail to deliver promptly any of said po~icies o) insurance to said MORiGAGEE, w f~it promplly 1o pay fuily any premium thereta oi in a~y ~ respect (aif ro perForm, d~scharge, execute, elfecl, tomplete, comply with and abide by this cove~anf, a any part hereoE, sa;d MGR7GAGEE may piata a~~d F pay fw such insu~ance o+ any part thereof wi~hout waiving w af(ecting ~ny option, lien, equ~ty, o~ r~ght unde~ or by virtue of thts Mortgaye, and the ` fufl amouM of each and evsry such paymem shall be immediaroly due and payable aod shall bear imeresl from the date thereo! untii paid at the rate ot ! n~ne per ceroum per annum and togeet~e~ wirh such inrerest shaf~ tx secu~ed by the lien oF this mortgsge. ` t. To permit, commit or suffer rto waste, impaiiment or deterioration of w+d prope~ty w any paH thereof. S. To pay all sad singular tFx costs, charges and eapenses, including a reasonable attorney's fee and costs of abstrads o( title, incu~~ed or paid at ~ eny time by uid MORTGAGfE, because w in tF+e event of the (ailure on t1u pan of the said MORTGAGOR to duly, p~omptly and fufly periorm, d~scharge, ~ executc, effect, comptete, compty w~th and ab:de by each and every tF+e st~pulatwns, agreements, conditio~s, and covenanta oi sa~d promiiwry note and ~his mortgage any o? e~thea, and x~d costs, charges and e:penses, cach and every, shall be immediately dve and payabte; whetF+er a not there be not~ce dr mand, attempt to co~tect or suit pend~ng; and the futl amount of eech and every such payment shall bea~ interest from the date thereof until pald at the ~.~~e o; nine per crntum per anuum; and afl said tosts, tharges and e~penses inturred o? paid, ~ogether w~th such interest, shall be secuted by the lien o( this mortgage. ~ 6. That (a) in the event of any breach of this Mortgage w default on the part of the MORTGAGOR, a(b) in the event any of aatd sums of money herein refe~rrd to be not promplly and tulty paid within th~rty t30) days next after ~he same severally betome due and payable, without demand w t?otite, or in the event each and eve?y the stipulations, agreements, cond~tions and covenants of sa,d premisw~y note and th~s mortgage any p~ either a~e no1 ~uly, p~omptly and futly performed, d~scharged, execu~ed, eflected, completed, compGed with and ab~ded Sy, then in e:thM w any such evem the said ag- ~ gregate sur~ mentioned in said promissory nore then ~emaining unpaid, with interest accrued, and all moneys secured hereby, shall become due and pay~ I a5~e fathwith, or theeeafter, at the option of said MORTGAGEE, as fully and completely as if a!! of tl~e said sums of money were o~~ginally st~pulated ~ to be pa;d on such day, anythir.g in sa:d prom~ssay note or in this Matgage to the cororary notwithslanding; and the~eupon w thereafter at the op~~o~ of said MORTGAGEE, without not~ce o~ demand, suit at law w in equ~ty, there(ore a tlKreafter begun, may be prosecuted as if aN money~ secu~ed he?eby had maWrcd pr~or ro its institution. 7. That in the event rhat at the begin~~ng of or at any time pending any sutt upon this Mortgage, w to foreclose it, or to ~eform it, or to enforce payment of any claims hereunde~, said h10RTGAGEE shall app!y to the Court having jurisd:aion thereof for the appo~ntmeM of s Receiver, such Coun shaN forthwith appoint a receive? of said mwrgaged property aI! and sengular, incivd~ng all and singuiar ~he income, piof~ts, is~ues and revenues from whatever so~rce derived, each and every of wh~ch, i~ being expressly undersrood, is hereby mortgaged as if speciiicatty sel fonh and described in the gra~ti~g and habendum dauxs Aereof, artd such Receiver shall have s1f the txoad and eftecrive functaons and povuers in anyw~se em~usred by ~ Court to a Receiver, and s:.ch appoinrment ahatl be made by such Court aa an admitted equity and a matte~ of absolute right fo said MORTGAGEE, and without ~e{erence to 1he ; adequaty o~ inadequacy of the value of the p~operty mortgaged or fo ehe so;vency or insolvency of aaid MORiGAGOR w the defendants, and that such ~ renrs, profits, i~cort~e, issues and revenues sha~l be applied by such Receive~ accwd~ng to fhe lien or equity of sa~d MORiGAGEE and the practice of svch Court. 8. To duty, promptly aRd iully perform, discharge, execute, effect, complcte, comply with and abi~e by each and every the slipulations, agreements, conditions and covenams in sa~d promissay note and this mortgage set fw~h. ~ 9. That in the event the owne~ship of the mortgaged prem~ses, or any parf thereof, becomea vested in a person other than the MORT('aAGOR, the ~r.ORTGAGEE, its succeasors and ass~gns, may, without notice to the MORiGAOR, dea~ wish such successor or successor in interest wish reference to this ma tgage and the debt hereby secured in the same manner as with Mortgagw withcut in any way vit;ating or d~xharging the Mortgagors' liability he~e- unoer w upon the debt hereby secured. No sate of ~he prem~se: hereby mortgaqed a~d no forbearance on the parf of the MORTGAGEE o~ its successors o- assig~s and no extension of the time fw the paymenf of the debt hereby secured given by ~he MORiGAGfE or its successors or au~gns, shal! operate ro release, discharge, modiFy cha~ge or affect the orig:nal liab~l~ty of ihe 11RORTGAGOR herein, either in whole w in part. 10. !t is speu4icalty agreed that ti~ne is of the essence of this contract and that no waive+ of any obligation hereunder or of the obligatio~ sN cured hereby shall at any time thereafter be held to be a waiver of the terms hereof or of the imtromeN secured herby. 11. In aud~tio~ to the forego'~ig month!y payments of princ pal and interest requ~red by the p~omtssory nore secured hereby, mortgagor covenants a~d agrees to pay to mo:tgagee ~virh each mon~hiy rayn,ent an add~rio~al sum est~mated by mortgagee to be equal to 1/12 of the annual cost of the follow- ~~~y: A-All real property ~axes ler~ed or assessed ag~iast the a6ove dex~ibed real estate_ , _ B-Prarr.~ums on fire and windsto•m bnsu~acce as here~n requ~red to be carried on the imp~oveme~fs situate on the above d~atiih~~~lih~e~?`„'~-,' ~ C-Premiums on such mo~tgage guaranry ir.wr~r.ce as mongagee shalt from t me to time deem fit to carry on the toan sptuc~ F~r~.,, j Mwtgagee shail from time to time norify mcrt agor in writing of the am~unt d~e and payab~e herevnder and such ~.?m~s1~1'.l~iftevpon be du4~~r~: 3 c 3yable on the due date of the next month:y paym~nt and each successive montA tt,erea}Ter urtil morrgagEe sha~l notif~/ me~t a~~._~. a cA~ge ~b syc~ = a~:ount. Such svms ska:! be app3;ed 'by mortgagee toward the payment of real property ta:e3, insurance prem;ums, aPd R~o~~~ gua~ty inWrarQ~ = ~ e~emiums. . - ~'l - , ("'J : i : ~.:-r . IN Y~ITNE55 i~/HEREOF,-the said MORTGAGOR has hereunto set his hand and sea! the day and ear fi~st afaesaid. . s ~ ~C . igned, Sealed and deliver in the preseoce ot: FI~EO AN~ ~ECOR~ED AME~2ICA Ha+~ - • , ST.IUCI~ :OUN1Y f[A. ~ ROCC=, P9~TaA5 ~ 5esq ~ ClE=~ ~~-.::UtT COURT By; ~ • (~n ~ ~ pF~npn •I=.F :if~_~- W 21iam A~ erao cs~a4 i T: f r (Seaq i ` _ ~c 1 3 s9 ~ ~ ~r,~~`' ~6il~.L ~~erna L . Anderson ' i ~ 1 a STATE OF FLORIDA ~ COUNTY OF ST_ lU ~ ~ t ~ 1 HEREBY CERTIFY, That on this ~ day of__ , A.D. 19~, ~ ~ Willia~ A. Anderson Verna L. ~derson ' ` before me personally appeared ~ _ and ~ i ~ 9 ~ respectively _ President and _ Secrefa~y , of ` F _Amezican Homes Mortgages InC. a Florida . Corporation, to me ~ ' known to be the persons described in and who executed the foregoing instrument, and severally a~ckg~p.vrii~ed~ed the exe- j cution thereof to be their free act and deed as such officers for the uses and pur~oses there~~ ~n~ntionedj ai~d=,tEiat they JT • . ~ ' affixed thereto the official seal of said corpora!ion, and th~ said instrument is the act and d~ed~ of'~'s~d: c~vr~o~ation. ~ - , y~~j WITNESS my hand and officia! sea! at Fort Pierce ~ , said county- y,~ t~te. ? ` This instrument prepared by / _ l, - . ~ i C ~ ; ~ John W. Coll~ins First Federal Savings and Loan tary P I~c, in and for State ~ p~e~t ' fo~esaid. Association of Fort Pierce My Com ission Expires: N~TAR1' F~ltE1C~~tarf ~r' ~Qaroa ac cnRCf ~fY CO"~'~:"'. F~~ r~:S DFC. 29. 1975 } Bonded ii::~ _i sr,,,r„a:;: UnderwrR~rL ~ • - ! : ~ Checked By ~ ~ ~ ~ ^:.~4r. a+ _ ti~ ~ ~ ~ . { _ . , - - - ' 4 ~ ~ :r~.