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HomeMy WebLinkAbout0315 ' ~ - ` . 3. To place and continuously keep on the bui!d~ngs now or herenfter ~iruate on said land and on al! equipment and personelly covered by this mortg- ege, wilh all premiunts thereon paEd in fuli, (ire insurance in fhe usual itandard policy torm, !n a sum approved by the h10RTGACEE, and windstorm ~n3uronce ~n iha usuai s~antiaro poi:cy ioirn, in a au:u eNN~.,.r.i uy ii~~ AtORIC :CCC, in 3~: ~ co,-~~N~:~y cr tr~anies as thc ~!O.°•FGeC,c~ direct; and all lire and +n~~ndstorm insurance pol~ues on any af said b~ild~ngs, eny interest therein or part Ihereof, in tht aggreg3le s~m aiorxsaid ar 1~ ezcefs thereoi, shafl conlain the usual star.c!ard mortgagee t~nuse or such other clause as ~he Morfgagea may requ~re, making Ihe loss under ~aid poli- cief, each a~id every, payable to said h10RTGAGEE as ilx interest may appear, ar,d each and every such potity shall be prompHy ass:gned end delivered fo any hald by s~~d MORTGAGEE as fur~har sec~rity to said mo:tgage deb~, and, not less than ten (10) days in acl~ance oi the explration of each policy, to do- liver lo said AIORTGAGEE a ~e~ewal thereof, iogether with a receipt for the premium of such renewal; and there shall be no fire or windstonr insurance plated on any of said buildings, any intaresl thetein or parl thereof, unless in the form'end with ihe loss payable as aforesaid; and in the event any sum oi mUney 1~e~u~5iz"s Nsya~~c undcr ;r,ch pal~cy ar p~lit~as sa~r! h!G°TC~G~E shall hava the optio~ ta TfCCiV~ and apply the same en at:~::nt ~ t!:s !^c~ebte~- nefs secured hereby or to permit said h50RTGAGORS to receive and use it or any part thereof for other purposes, .•+ithout th>reb~ ~~aivi~~~ o~ ~mpair- ing any equity, lien or right under or by virtue of this mo;tgage; and in the event said h10RTGAGORS shall for any ~eason fail to keep the said premises su insured, or faii to deliver ?romptly any of said policies of insurance to said h50RTGAGEE, or fail promptly to pay fu~ly any premium therefor or in any resprct fait fo perfoem, discharge, execute, ef(ect, complete, comply with and abide by this cevenanl, or any part hereof, said MORTGAGEE may place and pay for such insurance or any part Ihereof without walving or affecting any option, lien, equity, or right under or by virtue of this Mortgage, and tht - full amount of each and every s~ch payme~t shall be immediately due and payabfe and shall bear interest from the date thereof untii paid at Ihe rate ot n~ne per centum per annum and together ~vith such interest shall be srcured by the lien ol Ihis mortgage. 1. To permif, commit er su(fer no was?e, impai~ment or deterioration of said property or any part thereof. 5. To pay all and singular the•costs, c~arges and expenses, including a reasonable aitorney's fee and costs of abstracts of title, int~rred or paid at any time by said MORTGAGfE, becausE ur in the event of the failure on tha part of the said h10RTGAGOR to duly, pron,ptly and fully perform, d~scharge, exetute, effed, tomplete, comply with and ab~de by eath and every thz stipulations, agreements, conditions, and covenants of said promissory nvte and this mortgago any or either, and said co~~~, charges and expentes, each and every, shall be immediately due and payable; whether or not there be notice da mand, attempt to collect or suit pending; and tha full amounl of each and eve~y such payment shali bear interest irom the date thereof until paid at tht ra?e oi nine per centum per annum; and al! said tosts, charges and exp=nses inturred or paid, togefher with suth interest, ehall be secured by the lien of thi~ mortgage. A. That (a) in the event of any breach of thts hlortgage o: deFault on the part of the h10RTGAGOR, or (b) in the event any of said sums of money herein referred to be not prompuy ar,d fully paid wilhin Ihirty (301 days next after the same seve~alty become due and payable, wi~hout demand or notice, or (c) in the even~ each and every the stipulations, agreements, conditions and covenants of sald promissory note and th~s mortgage any or either are no! ~uly, promptly and fully performed, d~scharged, executed, eifected, c~mpleted, complied wi~h and abided tiy, then in either or any such event the said ag- gregate sum mentioned in said promissoty note then remaining unpaid, with interest accrued, apd all moneys setured hereby, shatl become due and pay . able fortliwith, or thereafter, at the option of said h10RTGAGEE, as fully and completely as if all of fhe said sums of money were originatly stipulated to be paid ~n such day, anything in sa;d promissory note or in this Mortgage to the contra~v notwithsianding; and thereupon or lhereafter at the op~ion of said MORTGAGEE, witheut rolice or demand, svit at law or in equity, therefore or thereafter begun, may be prosecuted as if all moneys secured hereby hnd matured pnor to its institution. 7. Tha1 in Ihe event that at the beginning of or at any time pending any suit upon this Mertgage, or to foreclose it, or to reform it, or to enforce paymen? of any claims hereunder, said h10RTGAGEE shall apply to the Court having jurisdiction Ihereof for Ihe appo~ntment of a Receiver, svth Court shall ForlFiwith appoint a receiver of said mortgaged property all and singular, inctud~ng all and si~gular the incoma, profits, issues and revenues from whatever saurce derived, each and every of which, it being expressly understood, is hereby mortgaged as if speufically set forth and described in the g~anting and habendum clauses hereof, and suth Receiver shall have all 1he broad and effective funct~ons and powers in anywise eMrusted by a Court to a Receiver, and tuch appointment shall be made by s~ch Court as an admitted equity and a matter of absolute r~ght to said MORTGAGEE, and without reference to the adequaty or inadequacy of the value of the property mo~lgaged or to the so:vency or insolvency oi sa:d MORTGAGOR or the defendants, and that such renti, profits, income, iss~es and revenues shall be applied by such Receiver according to the lien or equ~ty of said h10RTGAGEE and the practice of such ; Co~rt. B. To duly, promptly and fully perform, discharge, execute, effect, complete, comply with and abide by each and every the stipulations, agreements, . conditions and covenants in said promissory note and this mortgage set forth. ` 9. That in the event the ownership of the mortgaged premises, or any part ihereof, becomes vested in a person olher than the N~ORTGAGOR, the ' MORTGAGEE, its successors and assigns, may, without notice to Ihe h10RTGAOR, dea! with such successor or succ~ssor in interest wi~h referen~e to fhis mortgage and the debl hereby sec~red in the same manner as with hlortgago~ without in any way vitiating or discharging 1he ~.lortgagors' liability here- under ot upon the debt hereby secured. No sale of the premises hereby mortgaged and no forbearance on the part of the lr10RTGAGEE or its successors or assigns and no exlension o( the time for the payment of the aebt iiereby secured given by the MORTGAGEE or its successors or ass:gns, ahall operate to release, d~scharge, modify cha~ge or affect the original liability of the MORTGAGOR here~n, either in whole or in parl. 10. !t is spec+fically agreed that time is of the essence of this conlract and that no waiver of any obligation hereunder or of the obligation se- cured hereby sha:l at any time thereafter be held to be a waiver of the terms hereof or of the instrument secured herby. 11. In add~tion to the forego`ng monrhly paymeNS of p:inc'ppl and interest required by the promissory note secured hereby, morlgagor covenants and agrees to pay to mortgagee w~iih each monihfy payment an add~~ional sum est~mated by mortgagee to b~ equal to 1/12 of the annual cost of the follow- ing: A-All real property taxes ie~ried or assessed agairist thc above described real estate. ~ B-Premiums on fire and windstorm ins~rante as herein reqv~red to be carried on the improveme~ts situate on the above dsscribed premises. C-Premiums on such mortgage g~aranty insvrar,~e as mortgagee shall from t~me to time deem fit to carry on the Ioan secured hereby. L hlortgagee shall from time to time nctify mortgagor in writing of the amount due and payable hereunder and such sum shall thereupon be due and payable on the due date of the next monthly payment and each suc~essive month thereafter urtil mortgagee shall notify mortgagor of a change in su:h ' amount. Such sums shall be apptied by mortgagee to~+vard the payment of real prooerty laxes, insurance prem~vms, and mortgage guaranty insurance - premiums. Y,lITNESS Y~H F, the said MORTGAGOR has hereunto set his hand and seal the day and year firsf aforssaid. i ig ed, led and e'v ed in the presence of: 1 % i ' ~ ' ~ ~ (Seah " {Se?I) ~ (Seal) ; - - • (Seal) ; STATE OF FLORIDA ~ ' St. Lucie . caurvnr oF Before me personal ly appeared R e g i s D, T r e f e ln e r a~d Genevieve S Trefelner _ h~: wife, to me well known and known to me to be the individuals described in and who executed the foregoing instrument, and acknowledged before me that they ezecuted the same for the purposes lherein expressed. And the :a~~ " Genevieve S Trefelner wife ot the said R e g i s D. T r e f e ln e r , ~pon e separate and private ~ examination by me taken separate and apart from her said husband, ecknowledged to and before me that she executed said in~t~ument freely and volun- ' lariiy and without any tompulsion, constraint, apprehens~on, or fear of or from her ~aid husband. i ~ .:.,+t:a: 3 WiTNESS my hand and official seat this r,L;Z_ day of ,i+•'• +~R ,p;,~yq~ i ,s , r~ ~ . Notary Public in and for the State of FlO~rida ai. Larye ~ . k; Commission expires: i ' - - ~ = . . _ ~ Return To: 4.. °'~.l~~ (p - - Firtt Ftderal Savings d. loan Association ~ DED s~ : ' Of Fort Pierce. 1~OTARY PUBL~C, STATE of FLO~ - Fort Pierce. Florida ,_._._-'~00K MY COM;'dISSION { " • . . : - It,~ EXPIRES APF~'~'I~y.~~~.. ~ i ~i:ll~');;~: J-~'~~~~ r t~ ~ . . ~'J;:;~ : ~ 3 : 2y ; - _ ~ ~ ~ -j3~"~ . '66 JAP~ 3 P~ . ~ ~ ~ ` . " .14~L`~~Q ; ~ _ • ~ - • _ RGG ~ CLERK i UCIE CbU?~TY. ` ~ , ~ - ~ ST ~FLORIDA . f ~ •,,L--~ ,...:1, \ _ i . , . ~ ~ . . '1 BOOK135~ 33.5~ ~ ~ c : s ~ ~ _ - - - _ : ~