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HomeMy WebLinkAbout0318 3. To place and conti~uously keep on the 6ui.d~ngs now or hereafter a~tuate on said !j~d and on all equipment and aersonally covered by this mortg- age, with all premiurm thereon paid in full, fire insurante in the usual srandard poiity ierrn, ~n a avn~ aNpro.td b~ th: ~!Y.°.T~^G`.`, c^'' insurance 1~ Ihe usual standard poGcy form, in a sur: approved by ihe h10RTGACEE, in such <ompany or companies as the h10RTGAGEE may dircd; and all fire and windstorm insurance policies en any of ~a~d bvild~ngs, any ~ntere~t therein or part Ihereof, in the agq~eqate sum aforesaid or in exce~~ iherrof, shail contain the usval standard mcrtgag_e dauie er such alher clause as iho Mortgagee mey require, making tha loss under sa~d po1F t~es. each and every, payable to s~id h1G~i2TGAGEE as its interest may appear, and each and every svch policy shali ba promplty ass gnrd and delivered to any held by ~aid h10RTGAGEE as fu~ther security to said mortgage debt, and, no1 less than tan (10) days in advance of ~h: expiration of each pe''-y, fo dr liver to said MORTGAGEE a renew•al thereof, together w~ifi e receipt (or the premium of svch renewal; and tl~era shatl be no f~re or ~vindstorm insurance pleted on any of said buildirtgs, any inte.resi therein or pari thereoi, untess in the form'anJ wiii~ iiie ioss payab'~ as aforesaid; and :~:he -vent any eum 01 money 6ecomes payable unde~ such polity or poGcies said h10R?GAGEE shall have ?he option to receive and apply the aame on account o~ the indeb~ed• ness secvred hereby or to permit said MORTGAGOR$ to reteive and use il or any pa~1 thereof for ethcr purposes, v.~tho~t tha~eb~ wai~ing ur in,pa~r- ing any equity, lien or right under or by virtue of this mc::yage; and in tha evem aa:d MOR':GAGORS shall {or rr•• reason fail to keep the said premises so insured, or fail to deliver promptly any of iaid pol~ci~s of insurnnce to said MORTGAGEE, or fail promptly to ,.ay fully any pren,iu~n thrrefor or in any l re~pc<t fail to perEorm, discharge, execute, effecl, complete, comply with and abide by this covenant, or any part hereof, said MORTGAGEE may pface and pay for tuch in~urance or any parl thereof without walving or affecting any option, lien, equity, or righ.t v~dar cr by virtue of tnis htoriynge, and the fuli amoernt of each and every such paymenl shall be immediately due and p~yable and shall bear interesr fro~n the date thereof unti! paid at tha rate ot nine per tentum per annum and togethet with such interesl sha~l be secured by the litn of this mortgage. 4. To permit, tommit or su(fer no waste, impairment or deterioratian of said property or any part thereof. 5. To pay all end singular the.costs, charges and axpenses, including a reasonable attorney's fee and cosis oi abstracts of tiNe, incurred or paid at any time 6y said h10RTGAGEE, becausL or in the event of the fa~lure on the part of the said h10RTGAGOk fo 4:~~v, promotly and fuily perform, d~scharge, execule, effecl, complete, comply with and abide by each and every the stipulations, agreements, tonditions, and cove~ants of said promissory notr an~ thi~ rt,ortgage any or either, and said costs, charges and expenaes, each and every, shall be immediately due and payab!e; whether or nof there be notice de- mand, atlempt to collect er suit pend~~g; and the full amount oE each and every such paymem shall hear intares+ (rom the date the:cof until paid at 1he rate of nine per centum per ar.num; and all said costs, charges and expenses incurred or paid, together with such interest, shall be :ecured by the lien of thi~ mortgage. A. That (a) in the event of any breach of this hlortgage or default on tF,e part of the MORTGaGOR, o~ (b) in the event any of satd iums of money herein referreJ to be not pron,atly and fully paid wifhin thiriy ;3G) days next after the same several~y become due and payable, without demand or notice, or (c) in the event each and every the stipulations, agreements, conditions and covenants of sa~d promissory note and th~s mortgage any or either are ncl july, promptly and fully performed, d~scharged, executed, effected, completed, complied with and abided ~iy, then in either or any such evant tha said ag• gregate sum mentioned in said promissory note then remaining vnpaid, with interest accrued, ar.d all moneys secured hereby, shall become du~ and pay able forthwith, or thereafter, at the option of said htORTGAGEE, as (ully and completely as if all of the said sums of money were originatly stiputated ? to be paid on suth day, anything in said promissory note or in this ldortgage to the contrary notwithstanding; and thereupon or thereafter at the option of ; said MORTGAGEE, ~vithout notice or demand, suit at lacv or in equity, therefore or thereafter begun, may be prosecuted as if all moneys secured hereby had matured pr~or to its institution. 7. That in the event thal at the beginning of or at any iime pending a~y sv~t rpon this Mortgage, or to foreclose it, or to refo~m it, or to enforce payment of any claims hereunder, said MORTGAGEE shall apply fo the Court having jurisdrction ~hereof for the apHo~ntmeM of a Receiver, such Court shall FortFwith appoint a receiver of said mortgaged property all and singular, indud~ng all and singular the income, pro(its, issues and revenues from whatever source derived, eath and every of which, it being expcessly understood, is hereby mortgaged as if specifi~ally set forth and described in the granting and habendum clauses hereof, and such Receiver shall have all ~he broad and e(fective funct~ons and powers in anywise entrusted by a Cou~t to a Rece~ver, end such appointmen~ shall be made by such Coun as an admitted equity and a matter of absotute r~ghi to said MORTGAGEE, and without referente to the ~ adequacy or inadeq~acy of ihe vatue of the property mortgaged or to the so!vency or inso:venty of said M~ORTGAGOR or the defendants, ar,d that such rents, profits, income, issues and revenues shall be apptied by such Reteiver atcord~ng to the lien or equity of said AIQRTGAGEE and the practice oi ~~ch Coart. 8. To duly, promptly and fully perform, discharge, execute, ei(ecr, complete, comply w~th and abide by each and every the st~p~lations, agreements, ~ conditions and covenants in said promissory note and this mor+gaqe set forth. 9. That in the event the ownership of the mortgaged premises, or any part thereof, becomes vested in a Ferson other than the MORTGAGOR, the MORTGAGEE, its successors and ass~gns, may, without notice to the 1AORTGAOR, deal ~vith such successor or successor in intzrest ~vith refercnce to this mortgage and the de61 hereb/ setured in the same manner as v~ith hlortgagor v~ithout in any way vitiating or d~scharging the hiartgagors' tiabitity heee- ~ under or upon the debt hereby secured. No sate of the premises hereby mortgaged and no forbearance on the part of the f110RTGAGEE or its successors or assigns and no extension of the time for the payment of ihe aebt hereby setured given by the MORTGAGEE or its successors or assi9ns, a~isll ope~ate lo release, d~scharge, modify change or affect the original Gaoility of the M~RTGAGOR herein, either in whole or in parf. 10. It is specifically agreed that time is of the essente of th~s contract and that no waiver of any obl~gat~on herevnder or of the obligation se- cLred hereby shall at any time thereafter be held to be a waiver of the terms he~eo( or of the inslrument setured herby. 11. In addition to the foregoing monthly paymeNS of princ'p~l and interest required by the promissory no!e secured hereby, mortgagor tovenanls and agrees to pay to mortgagee with each monthly payment an addi~ional sum rst~mated by mortqagee to be equal to 1~ 12 of the annual cost of the foifow- ~ ing: I A-AU real Froperty taxes fevied or assessed against the above desaibed real estate. B-Pramiums on fire and windsrorm insurance as herein requ~red to be carried on the improveme~ts situate on the above described premises. C-Premiums on such mortgage guaranty insvrar~ce as mortgagee shall from t~me to time deem fit to carry on th> loan secvred hereby. hlortgagee shatl from time to time notify mortgagor in writ~ng oi the amoum Jue and payable hereundzr and such sum shall thereupon be due and ~ payable on the due date of the next monlhly payment and each success~ve month thereaft:r ur,til mortg~e hall noti(y mor~gagor of a change in such i ~ amount. Such sums _~iall be applied by mortgagee toward the payment of real property taxes, insvranc em;~ms ortgage guaranty insurance : premiums. i_ ; IN WITNESS WHEREOF, the sa~d MORTGAGOR has hereunto set his hand and seal the day and y ar f~st aforasa' . _ ign , aled and eliv e pr ence of: I _ ~ ~ {$eal) i _ f ~ ~ i i _ Seal) t / " - ~ • (Seal) (Seal) STATE OF FLORIDA f ~ couNrr oF Saint Lucie f~~ - • ~ t Before me personally appeared W ~1 . Pa1 mer and LoLise Palmer his ~vife, to me well known and knov+n to me to be ~ the individvals described in and who ezecuted the foregoing instrumenl, and acknowledged before me that they executed the same for the purposes j the~rin expre3sed. And the said LOUj.89 Palmer s wife ot the eaid w. A• Pa~mBI' , ~pon a sepa:ate and private examination by me taken separate and apart from her said husband, acknowledged to and before me ihat she executed said insirument freely and volun- tarily and without any compulsion, constraint, apprehensionabr fear of or from her said husband. , WITNESS my har.d and ofFicial seal this day of A. U. 19~ . ~ - 7 7 ~ Notary Publit in and for the S~ate of Florida at Large ~ My Commission ex t s: Retum To: ~ ' R^C~ ~~o~tary Pu61it, St.~te ~1 Florida at larga ~ first federal Savings ~ loan Associafion ~j~_E~ AND RECO ti~G },~q tammission Ezpires Nov. 3, 1969 ! ~y Of FOtf P~erce. ~ r ~ ~ O O~ B~n~ed 'tly American fi~a 3 Cas~aitr C~- ' fort Pierce, F~orida `i1 ~ QT ; • ~ ? , • `~1 ,CL~ . , , . : '66 JA~~ ~ PM 3 ; 25 - _ ; , : _ . ~'t ` .l.~t~.~,l~+ ~ ~ , ' - ' '.~~'f `t,~ : . _ ' ' ' . _ ? 1 1 i~t~: 7. ~G~ , - . ~ . ; - - _ Ro~EE ~~c~E couv~rY. ``s; . , ~ - . . : ST. FLORiDA _ f . . . ~ .i~ • ^~r~`_; . • . . : ' ~ - _ . ~ . . - . : 800K ~~5 ~~C3 ~ ` _ ~ ~ . . . . _ .