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HomeMy WebLinkAbout0535 3. To plnco and coroinuously keep on the buildings now or hereafter eituate on said iand and on all equ~pment and perso~ally covered by Ihit mortg- e9e, wilh all premiunit lhereon pa~d in full, fire insurance in th~ usu3t srondard palicy form, in a sum approved by ?he h10RiGAGEE, and wind~torm inwrante in :he uwal s~andnrd pol~cy form, in a sum approved by ~he MORTGAGEE, in suth company or com~anies et the AtORTGAGEE may diretl; and all fire and w~ndstorm insurance polic~es on any of said build~ngs, any inttrest therein or part fhereof, in Ihe aggr?gate svm aforesaid o~ (n axcest thereof, ~hall contain fhe usuai standard mortgagee clause or such othe~ clause a~ the hlorigagee may requ~re, making the loss under snid poli- cief, each and every, payable to said MORTGAGEE as ils imerest may appear, and each and every such polity shall be promptly a~s gned and delivered to eny held by said h50RTGAGEE as further security to said mortgage debt, and, not !ess than ten (10) days in advance of Ihe expiralion of each policy, to da• fiver fo seid MORTGAGEf a renewa! the~eof, logether with a rece~pt for the premivm of such renewai; and there shall be na fire or windsto~m insurance plated on any of said buildings, any interest therein or parl Ihereoi, unless in ~he form' and with 1he loss payable as a(oresaid; and in the event any :um of money becomes payable under such policy or policies soid MORiGAGFE shaU have the option to ~eceive and apply Ihe oame on atcouM o~ the indebted• ness secvrod hereby or to permit said MORTGAGORS to reteive and use it or any parl thereof For oti~er purposes, wi~hout thrreb~ waiving ~r ~n,pair- ing any eqvity, lien or right under or 6y virtue of this mo::gage; and in the evenl sa~d MORTGAGORS shall tor any reason fail to keep tha said premises so insured, or fail to deliver promptly any of eaid polkies of ensurance to aaid ~hORTGAGEE, or fail promptly to pay tully any premium therefor or in any #~~i ~..fn.m, d~tcharoe. execute. effed, complete, comply with and abide by this covenam, or any part hereof, said MORTGAGEE may place and a for such ~nsurance o~ an art thereof withoul walvin or atfectin an o hon, iien, e u~~ ' ~ P Y ~ Y P 9 9 Y P 9 Y. vr t~yr~i ~r~uc~ v~ - - full amount of each and every sucn payment shall be immediately due and payable and shall bear interes~ irom the dn±e thereof until paid a1 the rate ot nine per centum per annum and togethe? with suth interest shall be secured by the lien of this morigage. A. To permit, commit or suffer no waste, impairment or deterioration of said prope~ty or any part ihereaf. 5. To pay all and singvlar tha.costs, charges and ezpenses, including a reasonab~e attorney's fee and costs of abstracts of title, irtcurred or paid al any time by said MORTGAG;E, becausE or in the event of the failure on the part of the said h10RTGAGOR to duly, promptly and fully perform, d~scharge, execute, effect, complete, comply with and ab;de by each and every the stipulations, agreements, conditions, and covenants of said promisscry note and this mortgage any or ei~her, and sa~d costs, charges and experxes, each and every, shall be immediately due and payable; whelher or nof there ~o notice dz mand, attempt to collect or suit pending; and the (ull amount of each and every such payment shall bear interes~ from the date thereof until paid at the rate of nine per centum per annurn; and all said costs, charges and expenses incurred or paid, together ~v~th such interest, shall be secured by the lien of thii mortgage. . A. That (a? in the event of any b~each of Ihis Martgage or default on Ihe part of the MORTGAGOR, or (b) in the event any of sa~d sums of money herein referred to be not promptly and fully paid within thirty (30) days nex~ after the same severally become due and payable, without demand or notice, ~ or (cj in the eve~t each and every the stiputations, aareements, cond(rions and covenants of sa+d promissoiy note and th;s mortgage any or either are not ~uly, promptly and (ully performed, dlscharged, exetuted, affected, completed, complied with and abided yy, then in either or any such event tfie said ag- ' qregate sum mentioned in said promissory note then remaining unpaid, with interesl accrued, and all moneys secured hereby, shall become due and pay ' abte (ort6with, or thereafter, at the oprion of sairf A10RTGAGEE, as iully arul completely as i( all of the said svms of money were originally sNpulated lo be pa;d on such day, anything in said promissory ~ote or in this Mortgage to the tontrary not~vithstanding; and ~hereupon or thereaiter a1 the option of .,:a 1~ADT(_A(1[F_ u.:ll.n.d ~~t;~e rlwmancl, iuit at law or in eQUity, therefore or thereafter begun, may be prosecuted as if a!1 moneys aecurrd hereby had matwed prior !o its institulion. 7. That in the evznt that at the beginning of o~ at any time pending any su~t upon this Mortgage, or to foreclose it, or to reform it, or to enforce payment of any claims hereunder, said h10RTGAGEE shall app;y to the Courl having jurisdiction thereof for the appo~ntment of a Receiver, such Court shal) fortliwith appoint a receiver of said mortgaged properiy a!1 and sing~la~, includ~ng aU and singular the income, profits, isxues and revenves from whatever tource darived, each and every of whith, it being expresfly understood, is hereby mortgaged as if speti(itally set forth and described in the granting and habendum clauses hereof, and such Receiver shall have all the broad and effective tuncnons a~d powers in anywise enuusted by a Cowt to a Receiver, and ~uch appoinrmanr shall be made by svch Court at an admifted equity and a matter of absolute right to said MORTGAGEE, and withoui reference to the adequacy or inadeq~aty of the value of the property mortgagrd or to the solvency or insolventy oF said h10RiGAGOR or the defendants, and that such renis, profits, inccme, issves and revenues shall be apptied by svch Rece+ver accord;ng to the lien o~ equity of said 1~10RTGAGEE and the practite of suth Court. 8. To d~ly, promptly and fully perform, discharge, execute, effect, complele, camply wi~h and abide by each and every the slipulations, agreements, conditions and covenants in said promi:sory note and th~s mortgage set fortn. 9. That in the event the ownership of the mortgaged prem~ses, or any part ihereof, becomes vested in a person other fhan the MORIGAGOR, the f i OR GAGEE, its suctessors and assigns, may, withnut notice fo the A50RTGAOR, deal with such successor ot sutcessor in interest with reference to this mortgage and the debt hereby secured in the same manner as with Mortgagor without in any way vitiating or d~scharging the h5ortgagors' liability here- under or upon the debt her~by secured. No sale of ~he Fremises hereby mortgaged and no (orbearance on the part of the lhORTGAGEE or its successors or assigns and no extension of the time for the payment of the tlebt hereby secured given oy ine invRTv:+vcc vr i9s auccessors er assiy^rs, oS;a;! ape;ata . to retease, discharge, modify change or aftect the original liability of the N,ORTGAGOR herein, either in whole or in part. 10. It is specifically agreed that time is of the essence of this contract and fhat no waiver of any obl3gation hereunder or of the obligation sr c~red hereby shall a1 any time thereafter be held to be a waiver of the terms hereot or oi the instrumenl secured he~by. 11. In add~tion to the fore oin monthl a ments of. rinc' ~I and interest re uired 6 the romissor note secured hereby, mortgagor covenants ~ 9 9 Y P Y P P 9 Y P Y and agrees to pay to mortgagee with each monthly payrrtent an addirional svm estimated by mortgagee to be equal to 1 j 12 of tfie annuaf ~osf of the folla~rv- ing: ~ A-All real property taxes levied or assessed against ihe above describ~d real estate. ~ ' B-Premiums on fire and windstorm insurance as herein requ~red to be carried on the improveme~ts situate on the above described premises. ; ' C-Premiums on s~ch mortgage guaranty insurance as mortgagee shall from t;me to time deem fit to carry on the laan secured hereby. j Mortgagee shall from time to time notify mortgagor in writ~ng of the amount due and payable hereunder and such sum shall Ihereupon be due and payable on !he due date of the next monthly paymer.t and each successive month thereafter vntil mertgagee shall notify mortgagor of a change in such amount. Such sums shall be applied by morlgagee to~vard the payment of real prooerty taxes, insura~ue prem:~ms, and mortgage guaranty insurarce premiums. IN WIINESS V~HEREQF, the snid MORTGAGOR has hereunto set his hand and seal the day and year first aforesai Si n led nd eliv in he presence of: ' ~ (Seal) (Senl) ' - (Seal} - (Seal) ' STATE OF FlORIOA ~ St. Lucie cotrMrY of 8eiore me personally appeared _ r1, H. HOn@}ICUtt and - LLl~.& y82] Honeyeutt his wife, to me well known and known to me to be the individvals described in and who executed the foregoing instrument, and acknow(edged before me that they executed the same for the purpose~ . therein expressed. And the said LL1~.8 V8T1 Honeveutt wife o4 the said M H Hone~eutt upon a separate and private examination by me taken separate and apart from her said husband, acknowledged to and before me that she executed said instrument freely and vol~n- ! tarily and without any compulsion, constraiM, apprehensio~l~ fear of or fron her said husband. ~ WITNE55 my hand and official seal this da of a T' ` Y ~ A. D. 19 6 b ~ C"~; ~ a-~' ~ Notary Public in and for tfie State of florida ai Large ~ Return To: N5y Commission expires: ~ first Federal Savings 6 Loan Associal~o~ RI L~ D AN D R E C 0 R D E D Hotary puy~~t Statn ~f Flors~a at large ~ Of For1 Pierce. Fo~r Pierce, Florida ~ i~ "~~t~f--~~-~f~_.B Q~ f( f~yFCO~n~ssion Expir~z t~,ar. 3, 19b? ~ ~'=n ~ •c:.:a• i.;c S oa~:) Cn_ ~ ~ ,!il::if; ~ C;- ~ 'l~i,, ' / ~ : . . 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