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HomeMy WebLinkAbout2905 I + 3: To plate end co~Itnvousiy keep on the buildi~gf now or hereatter ~ituate on said la~d and on all equipment and personeily covered by thi~ mortg• 1 ags, with all premlums thereon pa~d in fu~l, tira insurnnce in tha ~tuel s~andard policy to~m, tn e t~m apptoved by Ihe MORiGAGEE, •nd windstorm i ~ Int~r~~ce In Ihe usu~l t~andard palicy (orm, tn a sum approved by tha h10RTGAGEE, in ~uch company or companies a~ ~he MORTGAGEE m~y : i ` diredj and all fira and windsrorm I~svrartce policie• o~ any of faid build~ngs, any interost therotn or parl Ihereof, i~ Ihe •g9rega~e tum aforesnid or I In extes~ ~ h rreo f, t ha l l ton ta in t he usua i i tan d a r d m o ~ l c 9 t a c l a u s a o r ~ u c h o t h e ~ c l a u; a a s t h a A l o r t g a c ~ e e m a y r e q u~ r m a k i n g I h e l o s ti u n d e? f~ i d p oi{~ j = tiei, each and evary, payabla to ~eld JAORTGAGEE as it• inte~est may appoar, and each and evary s~ch polity shall tse promptly asti:gned and detivered ~o ( any heid by said MORTGAGEE as lurlhar security ~o said morigago debt, and, not lesf ~han te~ (10) deys in advance of Iha ezpirAlion of each policy, fo da i Ilver to taid MORTGAGEE a renewal thereoF, togelhar wiih a reteipl for iha premium of suth renevralp e~d Ihero thall be no i~ro or windstorm insyra~ce pl~ced on ~ny of said buildi~~gs, any interest iherein or parl thereof, unless In the torm and with iha losf payable as a(oresaid; and in tha evenl any aum of money becomes payable under such poli<y or policies taid MORTGAGEE sh~ll have Ihe option to receiva and apply the tame on accoun~ oi Ihe indebted- neff secured hereby or to pe~mit said MORTGAGORS to receivo ant~ ~se if or any part thereof tor other purposes, wilho~t th:n b/ ~wivi~ig or ~mpair- Ing any equity, lien or ~ight under or by vlrtue of thi~ mo~lgage; and in the event ~ald MORTGAGORS ahall for any reason fail to keep the taid p~emite~ io (nsvred, ot fal) to de~iver promplly any of said policiea o( insurance to seid MORTGAGEE, o~ fail promplly to pay fully any pre~~~ium thetefor or In any tespett (ail to pet(orm, discharge, execule, e(fect, tomp~ete, comply wiih end abidu by tliis covenant, or any pa~l hereof, taid MORTGAGEE may plate end pay fq~ ~uch Infura~ce or any part thereof wi~houl waiving or aftecting any oplian, Ilen, equity, or righl undar or by virlue of this hlorlgage, anif the full amovnl of each and every such payment shall bo immediataly d~e and payable and shall bear Interas~ irom 1ha date thereot un~il paid at the rote ot nine par centvm per annum and togethe~ with such interest shall be secured by th~ lien of ih+~ mortgago. , 1. To permit, commit or sulfer no waste, impairment or deterioration of taid property or any parl thereaf, 5. To pay all ~nd singular Ihe cnsls, charge~ end ezpenses, including e reasonable atlorney's fee end costi oF abslract~ of ti11e, incurred. or pald al ~ ~ any 11me by said MORTGAGfE, because or i~ the eveN of the failure on the pnrt of ~ho said MORTGAGOR to duly, promptly and f~lly perform, ditthargs, ~ ~xacvie, s(fect, tomplete, comply with and ab;de by eath and every Ihe stip~lalions, agreements; tonditions, and covenanle of ~aid promissory ~ote and thit mortgage eny or either, and said cosi~, cha~c~es and expensos, each and every, shall be immediately due and payable; whether or not thore be norice do- - . ' mand, attempl ,to collect or •uit pending; end the ~(ull amouN oF each and every such paymeM thall bear lntereal from ~he date thereol until paid al Ihe rate of ~ine per tentum per annurn; and all said cosls, charges and expenses tncurred or paid, logatha~ with such intergst, shall ba tetured by the lien of Ihi~ - . mortgago. ~ 6. Thal In the event of any broath oF thit Mortgage or default on 1he part of the MORTGAGOR, or (b) (n tha event any of ieid svmx of money hereln referred to be not promp?ly and tully paid within Ihirty (30) day: ncx~ a(ter ~he ~ame :everal~.,~lbme d~e and payabte, wiihout demend or ~otice, or (c) M IM event each and every tha sliRulations, agreements, conditions and covenent~ of sald pfl5missory note and ~h~s mnrtgage any or eilher are not ~uly, promp~ly ond f~lty performed, d~scharged, exec~ted, ei(eNed, completed, tompl~ed with ~ ablded by, then 1n either or any s~ch event the ~aid ag~ ~ yregate sum mentioned In said promissoty nole Ihen remaining u~paid, with tnterest atc d, and all moneys secured hereby, fhall become due and pay~ • ~ able (orthwitfi, or theres(ter, at the option oF said' MORTGAGEE, a~ fvlly c tely as (i all of ~ha :ald tvm~ of money were o?i9i^ally •Npulated - to be paid on wch day, anything iu sa;d promissory note or in thi~ Mort ge to~Ihe tonlrary notwilhstending; and therevpon or Iheraafter el tbe oplion of •aid MORTGAGEE, witho~t no~ice or demand, suit at law a in equity, there(ore or thereafter begun, may be proiec~ted as if all money secvre~ hereby i . had matured prior to it~ institut~en. ~ 7. 7hat In the event that at the beginning of or at any iime pending any suil upon thi~ Morlgage, or to foreclo~e It, or to refa~m lt, or to enforco p~yment of •ny claims hereunder, said MORTGAGEE shall apply to the Court having jurisdtction thereof lor Ihe appoi~tmenl of a Recei~er, such Court ~hall ~ Forthwith appoinl a reteiver of taid mortgaged property a!I and sing~lar, inclvding all and singular the tncome, profits, issues and reven~e~ itom whalever i wurce derived, each and every of which, it being expressly understood, i? hereby morrgaged as if tpecifically set torlh and described to the granti~fl and f ~ habendum clauses hereof, and such Recaiver shatl have all 1he broad and etfecriva funcl~ons and powers In anywise entrvsted by a Covrt to a Receiver, and ~ ~ tuch eppointment shall be made by such Cour1 at an admitted equity and a matrer of absolute righ~ to said h50RTGAGEE, and wi~hout reFerence to the ' •deq~aty or inadequacy of the value af the properly mortgaged or to the solventy or insolventy o( ~aid MORTGAGOR or ihe delendanls, and Ihat ~~ch renti, proFits, Income, issues and revenues shall ba applied by such Receiver according to the lien or eqvity of said MORTGAGEE and the practice of ~uch ; ~ Court. j + 8. To d~ljr, prompfly and fully perform, d~scharge, execute, effect, complete, comply with and abide by each and every the stipulationt, sgreemenlt, ~ ' tondition~ and tovenants in taid promi~sory note and this morlgaga set forth. ~ ~ i 9. That tn the event the ownership of the mortgaged premises, or any part thereof, becomes vested In a perso~ other than ihe MORTGAGOR, th~ MORTGAGEE, It~ svccessors and assigns, may, wi~hout notice to the Mt~RTGAOR, deal with s~ch ~uccessor or tucceisor in interest wiih ~oference to thit mortgage and the debl hereby secured in the ~ame manner as wi~h Mortgagor without in any way vitiating or discharging Ihe Mortgagon' liabitity hara under or upon the drbt hereby set~red. No sale of the premise: hereby mortgaged and no forbearance on the parl of the MORTGAGEE ot (ti wtcasson ~ or assigni and no exlension of the time for the payment of the debt hereby secured given by the MORTGAGEE or i1s wccessors or essigns, shall operats ; ~ to release, discharge, modify change w a(Fect the original liability of the MORTGAGOR hereln, either in whole or In part. j 10. It is specifically agreed that time ts of Ihe essence of this tontract and that no w~iver of a~y obltgation her=vnder or of the obllgation ta- ~ • tured hereby ~hall at any Hme thereafter be held to be a waiver of the terms kereof er o( the Instrument secured herby. o 11. In addilion fo the forego:?u~ monthly payments of princ'pal end interesl required by the promissory note secured hereby, mortgagor eovenanTt d and agreei to pay to mortgagee with each-morslhly payment an addi~ional sum estimaled by marlgagee to be equal to 1~12 ot the annval co~t oi the follow- ~ :j i~. 4 ; A-All real property tsxes levied or assessed againil the above described renl ~estate. ' . ~ B-Premiums on fire and wind~torm insuronce as herein reqv~red to be carried on Ihe tmprovement• tiWate on the above described premites. ~ ~:'i , C-Premiums on such mortgage g~aronty insurance as mortgagee shall irom t~me to tjme deem fit to carry on the loan ee:~red hereby. ~ i i~ - ~ Mortgagee shsll from tima lo time noiify mortgagor in writing of the amoum due and payable hereundar and such s~m shall thsreupon be due and ~ ~1 payable on the due date of the next monthly payment and each successive month thereafter until mortgagee ~hsll notify mortgagot oi a change (n tuth ~ amounl. Such sums thall be applied by mortgagee toward the payment of real property taxes, ins~rance premiumt, and mortgage guaranty i~turonte ~ premi~ms. ' ~ ; IN WISNESS WHEREOF, the said r~40RTGAGOR hat hereunto set his hand and seal the day an year first aforesaid. 4 ` ign Seal d ere n Ih presence of: . ! . ~ s~ ~ ~ ~ry ~ ; . - ~Se~q ~ ' i , " (~an f ~ T STATE Q~ FLpRIDA ~ . covNn oF Saint Lucie ~ ~ ~ ~ ~ • ~ ~ Before ma persanally a ared de0]~~9 ~N. Hudaon ~M{ ~ i: vOS~al Hudson hF~ wlfe, ro ms well kr~arwn and known to rt» to be ~ i tM Individu~l~ deiuibed !n and who execoled the foregotng instrumant, and ackno-xledged befors me tfiat they rxr.uted tha ssme fw the pur~e~ ~ : thereTn exprestied. And tF?o sed~ - ve3t~ HL1C19021~ ~ ~ wl(e of the said - - QBAY'Q9 N. Ht1C130A ~ _ upon e sepuato and priwt~ examination by me take~ separate and apart" from her said husband, acknowle~ged to and befwe me that ehe executed said (~trvment frPely ~nd volurn ~ •j tarily and withovt ~ny compulsion, constraint, apprehension, or fear of or from her said h nd. • ~ j WITNESS my hand and offtcial seal this day of Y a~tl i ~1 ~t ? ~ ' ~ e ! ~ y • ~3, I _ ~ t Notary Pvblic in an~ tw tFw Sute of ~ • J•t~up~ ~y My Commiislon expiret: : J ^Y;~ R.t~~~ To= ~~32~`~1 Y~ R~ O'I : t"•; ~ . ~ ; Ftnt Fed~ral Savlnp• e~ ~oa~ ~wctar~o~ Hotary Pubt;c, Stete ot Florida at Large ~ b~/Zi0 ~ s ~ ~ 't of Fo~r ~~erce. My Co~mission E-F:res F~ar_~ lU, 1965 ~ f0?t PiB~C~~ FlWidi FILED AND RECORD~D ~adod 6y Am~riun Fu~ d~ Gsuwy Co. ~b1 o rf : ~ ~ ~ • . . . ~ • 1 • ~ . - ii • ^ i l~e. _,ia:~;~~~~-t<c-~-t}~- ~QQi~ /j'; •....•;~yt E i! ~ ~~~~~'~+t.y~f- 196~ DCC 31 PM 3: I 5 ~ U r r .r~ r E ~ . ~1E! . ~ ~ ;~,o•~` ~'~~~sr ~OG~Z PC~ITitt~S.CI~(i~( _ ~f~'1 • ~ ~ ~ S1. IUCIE COUN1'f, FLOftIDA ~ ,.~{7~\ ~.M.~ ~r` ` . . . 9 ~ r ~ S~ ~ ~ ~ ` . . „ a~~• ! F ~ / 1: ~ ~ ~ ~.~r,~ j . • ~ ; . ~i, ~ 1 . M ~r n G~s • ~ i - ' .BO::K ~Q ( iAGf ~tJ~ . ~ . ~i ~ . . .t , t - ~ ~ ~~~j . . ' ' ~ . a ' ~ ~ i r . ~ \~~i~ - :kTSid.~~y-i.±T-eR+Aft~rxasca.~.._-r;~..i~.~.ss ~ .