HomeMy WebLinkAbout0483 3. To place and tonti~~t~ously keep on the buildings now or he~eafter ~ituate on said land and on all equipment and penonally covered by thit mortg-
nge, with all premiun~ Ihereort pa~d in full, fire insurance in the usual standard policy form, ;n a sum approved by the 1110RTGAGEE, ar,d winditorm
insurence in Iha ~sual standarC pol;cy form, in a sum approved by Ihe A50RTGAGEE, in such tompany or companies as the MORTGAGfE may
_ , . . . . . „t .3:.~ 1,..; _I:....a ~~v ~nearA.t thprein or part thereof, in the aaoregare ium aforesaid or
a~rea; anci aii ~i~e ei~u w~~~us;ac~~: - r~.~.... -
In excess Ihereof, shall contain the usual Vstandard mortgagee dause er such other clause as the l~iortgagee may requ~re, making the loss unde~ said poli•
cies, each anJ every, payab!e to said h10CTGAGEE as its interest may appear, and each and every such policy shall 6e promptly ass:gned and delivered to
any held by said h10RTGAGEE as (~rihzr security to said n,ortgage debt, and: not less than ten (10) days in advanc~ of the expiration of each policy, to de•
liver to ~aid MORTGAGEE a renewal ihereof, together with a receipt for the premium of such renewal; and Ihere shall be no fire or windstorm insurance
plated on any of said buildir.gs, any intereit therein or part thereof, unless in thr fonn'and wiih ~he toss payable as aforesaid; and in tlie event any sum
of money becomes payable under such policy or policieti said A10RTGAGEE ~hall have the option to receive and apply the same on accounl o~ the indebted-
nefs secured hercby o~ to permit said h10RTGAGORS ro receive and use it or any part thereof for ather purpozes, vrithovt thsreb,r .vaiving or ~mpair-
ing any equ~ty, lien or right under or by virtue of this mortgage; and i~ the event satd MORTGAGORS shall for any reason fail to keep Ihe said premises so
iniured, or fail to deliver promptly any of said policies of insurance to sa~d MORTGAGEE, or fa;l promptly to pay fully any pre~nium therefor or in any
respect fail to perform, discharge, execute, effect, complete, comply with and abide by this covenan?, or any par~ hereoi, said MI~RTGAGEE may place and
pay for sucfi insurance or any part thereof without walving or affecting any option, lien, equ~ty, or right under or by virtue of ih~s ~~ortgage, and th¢
full amount oi ench and every such payment shall be immediately due and payable and shall bear interest from the date Ihereof ~ntil paid at tha rate o1
nine per centum per annum and to~ether wi~h suth interest shall be secured by the lien of Ihis ma.fgage.
4. To permit, commit or s~ffer no waste, impairmenl or deterioraiion of said property or any part thereof. n
5. To pny all and singular the ~costs, charges and expenses, including a reasonable attorney's fee and costs of abstracts of t~tle, incurred or paid at
any time by said h10RTGAGEE, becausL or in tha event of the tailure on Ihe part of the said h10RTGAGOR to duly, promptly and fully perform, discharge.
execute, effect, comptete, compfy wiih and ab:de by each and every the stipulations, agreements, cond~tions, and covenants o4 said promissory note and thif
mortgage any or e~~her, and sa~d costs, charges and expenses, each and every, shall be immediately due and payable; whether or not there be notice de~
mand, attempt to tollecl or suit pending; and the full amount of each and every such payment shall bear interest from Ihe date thereof uMil paid at the
rate oS nine per ce~tum per annum; and all said costs, charges and expenses inturred or paid, together ~vith such interest, shall be secured by the lien of this
mortgage.
6. That (a) in the event of any breach of this Morlgage or default on the part of the MORTGAGOR, or (b) in the event any of sairl sums of money
herein referred to be not promptly and fuliy paid within ~h~rty (30) days nexl after the same severally become due and payable, without demand or notice,
or (c) in the eve~t each and every the stipulations, agreements, cond~tions and covenants of sa~d promissory note and th~s mortgage any or ei~her are no1
~vly, promptly and fully performed, d~scharged, executed, effeued, completed, complied with and abided 5y, then in either er any such event the said ag•
gregate sum mentioned in said promissory note then remaining unpaid, wilh interest atcrued, and all monays secured hereby, shall betome due and pay-
able forthwith, or thereafter, at the option of said hiORiGAGEE, as fulty arxi completely as it all of she said sums of mcr,ey wc:e orig~na~ty stipulated
l0 6e paid on s~ch day, anything in sa[d prom~ss~ry note or in this hlortgage to the contrary notwithstanding; and thereupon or thereafter at tha oplion of
faid MORiGAGEE, withoul notice or demand, suit at law or in equity, therefure or thereafter begun, may 6e proseculed as if all moneys secured hereby
had matured prior to its institution.
7. That in the event thal at the beginning of or at any time pending any su~t upon ~his Mortgage, or to forectose it, or to reform it, or to enforce
payment oi any claims hereunder, said ~.104TGAGEE shall aopfy to the Court having jurisdiction thereof for the appointment of a Receiver, such Court shafl
fortFiwith appoint a receiver of said mortgaged property aIl and singular, inclu~~ng all and singufar the income, p~ofits, issues and revenues from whatever
sovrce derived, each and every of wh~ch, it being expressly understood, is hereby morigaged as if spec'rfically set {orth and described in the granting and
ha~endum tlauses hereof, and such Receiver shall have all the broad and effective funct~ons and po~vers in anywise entrusted by a Court to a Receiver, and
iuch appointment shal~ be made by svch Court as an admitted equity and a matter of absolute right to said h10RTGAGEE, and withoul reference to the
adequacy or inadequacy of the value of thr prbperty mortgaged or to the soivency or insolvency of said MORTGAGOR or the defendants, and that Such
rents, profits, income, issves and revenues shall be applied by such Receiver according to the lieh or equity of said h10RTGAGEE and the practice of such
COUrt.
8. To duly, promprly and fully perForm, discharge, execute, effect, complere, comply w~th and abide by each ar.d every the stipufations, agreements,
~nnaitions and covenants ~n said dtomissory note and this mortgage set forth.
9. That in the event the ownership of the mortgaged premises, or any part thereof, becomes vested in a person other tfian the MORTGAGOR, the
MORTGAGEE, its successors and ass~gns, may, without notice to the A50RTGAOR, deal with such successor or successor in interest vrith reference to this
mortgage and the debt hereby secure~ in Ihe same mannar as with ~.5ortgagor without in any way vitiating or discharging the ~1lortgagors' liability here-
under or upon the debt hereby secured. No sale of the premises hereby mortgaged and no (orbearance on the part of the h10RTGAGEE or iti successors
or atsigns and no extension of Ihe time for the payment of the debt hereby secured given by the h50RTGAGEE or its successors or assigns, ahal) operate
to release, d~scharge, modify change or affecl the origlnal liab~lity of the MORTGAGOR herein, either in whole or in part.
10. It is speufically agreed thar time is of the essence oi this con~ract and that no waiver of any ooligat~on hereunder or of the obligation 3e-
a,red hereby shall at any time thereafter be held tp be a waiver of the tern~s hereof or of the instrument secured herby.
11. (n add~tion to the forego:ng monthly paym:nts of prin~'p~l and in~erest required by the prom~ssory no!e secured hereby, rnortgagor covenarts
and agrees to pay to mortgagee ~tiith each mo~th~y payrnent an add~rional sum est~mated by mortgagee to be equal to l~'12 of the annual cost of the follow-
ing:
A-All real property taxes levied or assess~d agz~nst thc above described real estate.
B-Prem~ums on fire and ~vindstorm insurance as fierein requ~red to be carried on the improvements sit~ate on the above d~scribed premises.
C-Premiums on such mortgage guaranty insurar::e as mortgagee shall from time to ti~ne deem fit to carry on the loan secured hereby.
1Aortgagee sha!I frorn time to time no!ify mortgagor in writing of the amount due and payable hereunder and s~ch sum shall thcreupon be due and
payable on tne due date of the next month!y payment and each successive month thereafter ur.til mortgagee shall notify mortgagor of a change in such
amount. Such sums sF.all be applied by mo~igagee to~vard the payment of real property taxes, insurance prem;ums, and mortgage guaranty insurance
premiums.
IN Y~ITNESS WHEREOf, the said MORTGAGOR has hereunto set his hand and seal the day and year first aforesaid.
~igwe~, fe aq~,~delivere in th presence of: G ~~l w,~
~~r ~ ~ ZB1}_ f.w (Seal)
~ ~ (Seal)
i (Seaq
(Seaq
STATE OF FLORIDA ~
COUNTY OF S81Tlt Lt1C~8 ~ .
Before me personally appeared ROqg rlgt'~'1BW9~ fi W~C~041 ~
~it3C~tiFe, to me well k~own and known to me to be
the individual described in and vvho executed the foregoin~ instrument, and acknowledged before me that ~g
j Executed the same for the p~rposes
therein expressed. JB?r,c~Ct]ia~Cs7Gd- ---e
~ifAC~ClDWC.?C,X~7~ . ~~~6~6iCX~X,X~CX i
~td~~ilft~JS~'ta~d~7[~6~~(eX?~ ~ .XrXr& ~Ca~[aC~7b1G3f
~~hc~h4~c9~cx~e~~xx~X~~e~~x ,~~,r.ba~c~or~sc~a~x~~c .
WITNE55 my hand and official seal this day of A. D. 19~
~o.r'~'~ - - ~ i
; Nolary Public in and fo~d~e St tg of Florida ai Large j
~ My Comm~ssion expires: ry~~b~:c, St~~~ j~o~~da !
` Re?~~^ To: ~I~Ep ~ND RECORD~D n~y Comrr,ission E. ' at ia;;L ;
first Federal Savi~gs 6 Loan Association . . B°nd~~ e Ygtl~S N~Y. {
. i! Y~~ 0 0 K ,~R~r~~a, r:,e a 3, i969
Of Forl Pierce. 1 ~~3~~~~ Cai;,jt'Y Go,
e
Fort Pierce, Florida f1 .
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