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HomeMy WebLinkAbout2283 3. To place and coroinuously keep on ~ho bui'dmgs now or hereafter •ituate on sa:d :a~c! and on ali equ7pmero and personally covered by this mor~g• ege, wilh all premiums thercon pa+d in full, fire ~ns~rante ~n the usuaf standard poli~y torm, in a sum approred by ~he MORiG:~GEE, and w~ndstorm ~nsvrance i~ the .usual s~andard pot~cy (o~m, in a s~m approved by ~he MORTGAGEE, in svch compan/ or companias a~ the MORIGAGEE msy d~recrt and sU tirs and windstoim insuranco policies on any of :a~d bu~idmgs, any interest there~n or part therepf, in the ag~~agsie sum aforesa]d or • in excest Ihereof, shall contain the usual standard mo~Igagae claux or such other c~ause as the Mortyagee may requ~re, maMinq the Ioss under sa~d poli- cee, each and every, payab!e to said htORTGAGEE as ~rs irorrest may appear, a•~d each and every such policy shalt be p~ompNy ass g~~ed and Je~i~ercd ~o any held by said MORTGAGEE as fw~her aecurity to sa~d mortgage debt, and, not less than ten (10) days in advance oi the expirat~on of each p~lity, to ds- I~~er ~o said MORiGAGEE a renewal thereof, toge~her wiih a rece~pt (or the prert~;~m oi such ~enewal; and there shall be ro f~re or windston~ insurance placed on any of said buildings, sny intere~t therein or pa~t thereof, u~iess in the form and wifh the ~oss paya6le aa aforesaid; and in the even~ any sum of money becomes payable under •uch policy a policies said MORTGAGEE shall hava ihe opt:on to receive and apply ?he same on atcount of the indrbted- ness setured hereby or to permil said MORTGAGORS to receive and use it a any p:at the~eof }or o~ixr pwF~oses, v.~~hGJf th~•. br tvaF.l•,~ or +m, :.~r- in9 any equity, lien or right under or by virtue of this mo:sgage; and in 1he even~ sa'd MORTGAGORS shatl for ony reason fai) to keap the sa~d premisas so Insured, w fail to delivcr promptly any of said po~~cies of insurante to sa~d MORTGAGEE, or fail promptly to pay fulty any premium the~efor or in a~y respect fail to perform, d~scharqe, e:etute, effecl, compfete, comply wi~h and ab=de by th~s covenant, o~ any part hereof, said MORTGAGEE may plecr and P~Y for such insurance or any part thereof withoW wai~ting o~ a((eding any opt~un, lien. eyu~ty, or r~~ht under or by vi~tue of this Mc~tgage, and tht t~~! amount of each and every such payment shall be immediately d~e and payable and shall bear interest (rom tha date thereof until paid at the rate ol .e per centum per annurh and to~e~l:er wi+h such interrst shali be srwred by the lien of th~s mortgage. 4. To perrnit, commit o~ wffer no waste, in~pairmem or drrrrioration of sa:d pioperty or any part lhereof. S. To pay all and singular tne costs, charges and expenses, i~ciud~ng a reaso~abfe aftorney's fee and costs of abstracts of fitle, incurr~ o~ paid at rime by said MORTGAGfE, because w in ihe event o4 the fa;io:e on the part oi ~he said MORTGAGOR to duly, promptty and fully perform, d~scharge. _ t~~c~te, ef(ect, complete, comply with and ab.de by each and every ~he stipu~at~ons, agrermems, conditian~, and covenants oi sa~d prom~ssory note and thi~ ,.orrgage any or e~~her, and sa:d cosis, charges and expenses, rach and every, shail be immediately due and payab!e; wheiher or not there br ootice de ~.o~~d, atrempt to colled o~ s~it pend~ng; snd the full ainount of each ar,d every svch payme~t sheli bea. inrerest from the date thereof until paid at the u% r.~ne per cantum per annu~n; and ail said coats, charges and cx~erses mcurred or paid, together w~th suth interest, shail be aecured by the lien oi this mortgage. 6. That (a) in the event of any breach of tfiis Mortgage or defaull on tFw part ~ of the MORTGAGOR, or (b) in the event any of sa~d sums of money h.ere3n referred to be not promptly ar.d fully pald v.ithin th~rty (30) days neAt a!re. ihe same severa!!y become due and payable, without demand or notice, ~r ;c) in the erem each artd every the stiputations, agreemems, co~ditions and co~enams of sa d promissory note a~xl th~s mortgage any or either are not i., y, promptly and lully performed, d.scharged, exetuted, effeUrd. comp:r!ed, com;,;~ed vr~rh and ah~ded Sy, then in e~ther or any wch event the sa~d ag- ,~•~~~ate sum mentioned in said promfssory no!e tfie~ rema~ning unpaid, with interest accrued, and at~ moneys secured heteby, shal~ betome due and pay ac e forthwith, or rherealte~, at thr oprlon ot sald M02TGAGcE, as fu~ly and comp!etely os if at1 of ~he said sums oi money were onginally st~pulated ~e t:e pa~d on such d~y, anyihing in sa.d pro~n~ssory nc:e or in th~s Mo~tgage ~o ~he conrra.y notv~,~~hstand~ng; and thereupon or thereafter at the opt~on of s• :i MORTGAGEE, without notice or demand, suit at law or in equdy, thereiore or thereafT~r begvn, may be prosetuted as if all moneys setured hereby n. d matured pnor to ds instituho~. 7. That in the event that at the beginn~ng of or at any ti~re pe~d:ng any wrt ~po~ th~s Mortgage, or to forec~ose it, or to reform it, or to enforce c:,.~-~ent of any dal~ns he~eundr.. said IAOR~GAG"rE sha.t opply to ~he Caur~ na~~ q ~::•~sd.;non the~eof for rhe appo~ntmenl of a Receiver, such Cour1 shall %,.tiith appoint a recei••e~ of s~i~ mortgaged p~optrty ali and si~~gula~, inc ud ~~g ~~~d si,:_w;ar ti~e income, prolils, issues and revenues from whatever s •:-e derived, each and every of wn:cfi, it be~ng express~y understood. is eerc~y mertg,ged as if speufitally set forth and deseribed in the granting and h~~ end~m clauses hereef, and such Receivcr sfiail have afl fhe br~ad and efiecT~.e fe n~•,o:,s and po~ve:s in anywise eMrusted by a Co~~t to a Receiver, and s ch ~ppointment shai{ be made by such Covrt ~s an ad~reined rquity and a ma~ter of a.~,soiute right to said MORTGAGEE, aRd without roference to the .:-:au3cy or ir.adequacy of the valve of the p:operty mortgaged o+ to the S~..enGy ~'G~venCy of said MORTGAGOR or the defe~dants, and thaf such ~s. profirs, income, issues and revenues sha~~ be apphed by such Recr~ver o;co.a;,,g ~o ~he iien w equity of said MORTGAGEE and the praUice of such I.JJi~, B. To du:y, prempt:y a~d fuify perfo.m, d~scharge, execute, effea, comp~ete, cc:r;,ly w:th and abide by each and every the stiputations, agreements, •~~nons and covenanrs m said promissory no:e ar.d fhs murrgage set forth. 9. That in the eveot the ov.nersh~p of the mortgaged prenuses, or an,r pan thereof, becomes vested in a penon other lhan the MORTGAGOR, ihe ;^2TGAGEE, ~ts wccessors and assigns, may, ~.~th~~r nof:ce to ehz N.OKTG~~R, deal x~ch such successor w successor in interest with reference to thia _•3age and the d_b1 hereby secured in the same manner as ~v~th P: ortgagor ;v~tF;out in any way vinating or d~scharging the Mortgagors' tiability here- ~ or upon the debt hereb~ secured. Nc saie of the ~re~n~sPS h~reb; mortg~grd z~~d no forbearance on the pan o! the IhORTGAGEE or its successora ~~s~p~s and no exrens~on of che tlmr fo: ihe payment ot the deb+ hereby secured g~~en by ihe MORTGAGEE or its successwa or assigns, at~ail operate ,_,se, d~scharge, mod~fy change or afiect the orig~n~t I~ab~::~y of the MOFTGAGOR herrin, either in whole or in part. 10. It es spec~fically agreed fhat t~me is of thr esser.ce of ~h;s contract and that no waiver of any ob!~gat~on hereunder or of the obligation se- _~ad hareby shaii at any time thereafter be tie!d to be a wa~ver ei the terms hereof or of Ihe instrument secu~ed herby. 1 l. in add.rc~-~ r~ the fo~egc •.~on•h'y p:~y~~,_nfs of pn,c p?1 and ~n~e~e:r rrq,, :ed by the piom~ssory no~? secured hereby, mortgagor eovenants ,:i c~ ;rees ~o pay ro mo-tgagee w~th each month.y pa~r.~enr an ad~~:•lcna! sum esr.n,ated 6y mortgagee to be equal to 1~' 12 of the annual cost of the foliow- A-All real property te,cas Ie~ied or assess~~d aya~ :st the ~ i' above d~sr~t_d real es•~te. ! B Pr, :;~,ns on f~re ar,d w~ndsto:m insc~a~.ce a> ne.e~n requ:red to be ca~r~ed e~~ ~he ;m.,coveme~ts savate on the above described premises. C-Prerniu~,.s e~ such rrortg;ge g~ar;nty ir.s~~a~.cn as mo~tgagee shait frem t me to time deem fit to carry on the loan secured here6y. ,Yortgagee sfia~l frcm c~rt,c to t~:rc ncr~fy mcrfgago. ~n writ~r.g of tfir amount d„~ and payabte hereundrr and such sum shafi thereupon be due and ~ ,~:'r o~ the d~e tiai= of rh= ncat monthiy pay~~ent and each succesvve rr.on~h tiiereafrer ur.til mcrtgagee sha!I notify mertgago: of a change in such I ~nr. Such sums sF:ou 6e applied 'oy mortgag•~e toa,ard the payment of reai property taxes, insurance prem~~ms, a+id mortgage guaraMy insurance f .ms. ! IN ~'lIiNE~S 'J:HEREOF, the sa~d 1dORTGAGvA has hereunro set ius har,d and seai the day and year first aforesaid. ; Signed, Sealed and delivered in the presence of: i ~ _ Fllc{~ ~h_ ~c4~~RED .C-(,c,'~~:1-~~ ` ~G~~-~-~Seaq ST_LU:•E ~~~~K;Y FLA. ~ I~~~i..• i 7t•RAS •iU"1_1S I_Z~ T. 2"OCCO (Seap ' [.,tl; CC'JRT t~ \ ~ Cl f R ~ ~ (Seal) 7tr~- c:`f~ ~ - - lSeal) =-"E OF FLORIDA ~ ( ~3 'JTY OF ~ - L~ ~ r-~p - 1 ~LC1Y~~ ~ Before me personally appeared _y? ~ 1 TI'v' ~ ro C:, O j~[ _ . _}[i~Q[~, to me well known and known to me to be ~~:dividua' described in and who exewted the forego~ng instrument, and acknow:edged before me that he executed the same iw the purposes ~ - i~ - •e"n expreued. 1~ntl-th~e be~d=_.___ _ ~ ~.+:r' X~-'Sl7~~~~ - - ?4 ~1S 'c fN~~~s~~~~~~~~t+~~x~~~~~ .~~~~~~+~~~~~~xarx~x~~-~ca~~~=a~ac~ac ~ ~VITNESS my hand and offic;at seal th~s_ ~~~.~7 _ day of A. D. 19 ~ . . Notary Public in and ior th State of rida at Large My Comm~ssion expires: ~ Return To: ~ S ~ ~ ~ ~ ~rst Federal Savirgs 3 toan Assxiat~on ,~0~ 7 ~ ' ~k Of Fvrt P.erce. ~ Fort P~erce, herida ' ~ ~ ' ~ • ` ~ : . ~ This Instrument Prepared 8y ~~rn . . ;o? 1.1ns . ` .C ~ , i~~ ~ : , , ~ F~rst Federal Sav+ngs & Loan Associatian . ' : ~ of Fort Pierce ~ 'lorid~ U R 238 ~~~e ~ ~ ~ ~ ~ . . : • ' f. . 800K PAGE ~7 Checked BY - ~ '~=.-1~`' ~ . `1'.t.~t• 4~ ~ ` • ~ ~ ~,5 ;:.f~ ~ ; - . . _ . " " " " _ . 'y: _ F*.:.. `~v.~?Li" '~i k~. "~',ry S~ ~ ~ -Y~' °`°~~a-F'~„~ - . _ . . _n.a~"~~...: . .