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HomeMy WebLinkAbout0539 3. To piace and continuousiy keep en the buildin9s now o~ hereafter ~ituate on said Iand and on a~t equipment end perscnally covered by ihis mortg• age, with al) premiurm thereon pa~d in full, fire insurance in the usual standard po~ity form, ;n a sum approved by the MORTGAGEE, and windstorm insurante in ihe usua) standard poGcy for.T, in a sum approved by the hi0~2TGAGEE, in wth tompany or companie~ as the MORTGAGEE may direct; and all fire and windstorm insuronce policies on any of said build~ngs, any interest therein or parl thereof, in ihe aggregnte sum aforesaid or ln exces~ thereof, shail contain the usual slandard mortga9er ciause or s~cfi other clnuse as the hlortga9ee may require, rt~aking the loss undrr said poli• cie~, each and every, payabls to said A10RTGAGEE as its interest may aFpCar, and each and every such po~icy shall be promptiy ass'gned and deliverea te any held by aaid h10RTGAGfE as furlher searity to said mortgage debt, and, noi less ineri ten (i0) days in e~varce uf itse ~xN~~eti~r, aE each ~s!;:y, to (iver to said h'10RTGAGEE a renewal thereof, togeiher with a receipt for the premium of svch renewal; and there shall be no fire or ~vindstorm insurance plated on any of said buildings, any interest therein or part Ihereof, unleas in the form'and with the loss payable as aforesaid; and in the event any s~m ~ of money b_comes payable v~der such pality or policies said MORTGAGEE shall have Ihe option to receive and apply the same on account o~ ~he indebted• nes~ secvred hereby or to permit said MORTGAGORS to receivz and use i1 or any parl ihereo( for other pucposes, w~thout th~reb,~ waiving or ~mpain } ing any equity, lien or righl under or by virtue of ihis mo:lgage; and in ihe event sa~d A10RTGAGORS shafl for any reason fail to keep the said premises so ' insured, or fail to detiver promptly any of said polities of insurance to said MORTCiAGEE, or fail promptly to pay fully any premium therefor or in any re~petl fail to perform, discharge, execule, effect, complete, comply wi~h and abide by this covenanl, or any part hzreof, said MORTGAGEE may place and pay for such ins~rance or any part thereof without walving or affecting any option, lien, equity, or right under or by virtue of this Mortgage, and the full amovnt of each and every suth paymenl shall be immediately d~e and payable and sha11 bear intaresl from the date ihereof until paid at the rate ol nine per cent~m per annum ar.d to~ether ~vith suth interesi shall be secured by the lien of this mortgage. 4. To permit, commit or suffer no waste, impairment or deterioration of said property or any part thereof. 5. To pay all and singular the.costs, charges and expenses, including a reasonable attornpy s fee and costs of abstracts o( ti11e, incurred or paid a~ any time by said MORTGAGEE, becaus! or in the event of the (ailure on the part of the said MORTGAGOR to duly, promptly and fully perform, discharge. execute, effec~, complete, comply with and abide by each and every the stipulalions, agreements, conditions, and covenants of said promissory note and thie mortgage any or either, and said costs, charges and expernes, each and every, shall be immediately due and payab!e; whether or not ihere be notice de mand, attempt ia ca!lecs or avif ¢:.^.der.g; and the (ul! amo~nl of each and every ~uch payment shall baar interest from the date thereaf until paid at thc rate of nine per centum per annum; and all said costs, chargas and expenses incurred or paic~, together with such interest, ihall be secured by the lien of thi~ mortgaga. 6. That (a) in the event of any breach of this Mortgage or default on the part of the h10RTGAGOR, or (b) in the event any of sa~d svms of money herein referred to be not promptly and fully paid within thirly (30) days nexl after the same severally become due and payable, ~without den~and or notice, or (c) in the eveql each and every the stipulations, agreements, conditions and covenants of sald promissory note and thls morlgage any or either are not - ~uly, p~omptly and fully performed, d~scharged, executed, effected, completed, complied with and abided Sy, then in either or any such evenl the said ag• gregate sum mentioned in said promissory note then remaining unpaid, ~vith interest accrued, and all moneys secured hereby, shall become dus and pay~ able forth~vith, or thereaiter, at the option ol said ASORTGAGEE, as fully and completely as if all of the said sums ot money ~n~ere originally st~pulated to be paid on such day, anylhing in said promissory note or in this hlortgage to the contrary notwirhstanding; and thereupo~ or thereafter at the op~ion oi said MORTGAGEE, withaut notice or demand, suit at law or in equity, therefore or thereafter begun, may be prosecuted es if all maneys secured hereby had matured prior to its institution. 7. Tha1 in the event that at the begin~ing of or at any time pending aoy suit upon this Mortgage, or to foreclose it, or to reform it, or to enforce payment of any claims hereunder, s~id MORTGAGEE shall apply to ihe Court having jurisd;ction thereof 1or the appo~ntment of a Receiver, such Covrt shall FortFiwith appoinf a receiver of said mortgaged properly all and singvlar, includ~ng all and singular Ihe income, profits, issues and revenues from whatever source derived, each and every of ~vh~ch, it being expressly vnderstood, is hereby mortgaged as if spec~ficalty set forth and described in the granting and habendum ctauses hereof, and s~ch Receiver shall have all the broad and effect~ve funct~ons and powers in anywise entrusted by a Covrt fo a Receiver, and suth appoinimant shall be made by such Court as an zdrnitted equity and a mat~er of absolute right to said MORTGAGEE, and withoul referente to ihe adequaty or inadequacy of the value of the prbpe~ty mortgaged or to the sotvency or insoivency of said MORTGAGOR or tFe defendants, and that such rents, profits, income, is:ues and revenues shall be applied by such Receiver accordinq to the lien or equity of said MORTGAGEE and the practice of such Court. 8. To duty, promptly and fully perform, d~scharge, execura, effect, comptete, comply ~nrith and abide by each and every the stipulations, agreements, tonditions and covenants in said promissory note and this mortgage set forth. 9. That in the eve~t the ownership of the mortgaged premises, or any part thereof, becomes ves!ed in a person other than ihe MOR7GAGOR, the MORTGAGEE, its sutcessors and assigns, may, without notice to the MORTGAOR, deal with such successor or successor in interest with reterence to this mo~tgage and the debt hereby secured 'en the same manner as wiih Mortgago~ without in any way vitiating or discharging the Mortgagari tiability here- under or upon the debt hereby secured. No sate of the premises hereby mortgaged and no forbearance on the part of the MORTGAGEE or its successors or assigns and no extension of the time for the payment of the debt hereby secured given by IhP MORTGAGEE or its cuccessors or assigns, ahall operate to release, discharge, modify change or affec~ the origina! liability of ~he MORTGAGOR herein, either in whole or in part. ; 10. It is specificatly agreed that time is of the essence of this contract and that no waiver of any obligat7on hereunder or of the obligation se- a;red hereby shall at any time thereafter be held to be a waiver of the terms hereof or oi the instrument secured herby. 11. In add~tion to the forego:ng monthly payments of princ'p~l and interest required by the promissory note secured hereby, mortgagor covenants and agrees to pay to mortgagee with each monthly payrnent an add~~ional sum est=mated by mortgagee to be equal to 1/12 of the annual cost of the follovv- ing: A-All real property taxes levied or assessed agai~st thc above described rea~ estate. B-Premiums on fire and windsform insurance as herein requ~red to be carried on the improvements sitvate on fhe above described premises. ~ C-Pr~miums oa s~ch mortgage guaranty insu+ar,ce as mortgagee shait from t~me to time deem fit fo carry on the loan secured hereby. Mortgagee shall from time to time notify mortgagor in writing of the amount due and payable here~ndar and such sum shall thereupon be due and payable on the due date of the next monthly payment and each successive month thereaiter urtil mortgagee shall notify mortgagor of a change in such amount. Such sums shall be applied by mortgagee iov~ard the payment of real property taxes, irtsurance prem:ums, and morfgage guaranty insurance premiums. ; IN \YITNESS WHEREOf, the said MORTGAGOR has hereuntp set his hand and seal the day and year first aforasaid. _ '~al and elivere the ppsence of: ~ . ! , ($eal) ~~~~~7 ) ' 1 / •-~I-s~-~--~-~--e f~d~~ ei~' ~ ~ ~ "~t~,l /.~.J (Seal) (Seal} (Seal) STATE OF FLORIDA 1 couNrir or S t. Lu c i e ~ Before me personally appeared Fre d P. W i 11 i s and V e ra cT . W i 11 i s his wife, to me well known and known to me to be the individunls descri6ed in and who eaecuted the foregoing instrument, and acknowledged before me that they executed the same for the purposes therein expressed. And ihe said Ve r a eT . W i 11 i s , wife ot the said Fre d P. W 1 11 j- 9 upon a separate and privete ' examination by me taken separate and aparf from her sa~d sband, acknowtedged to and before me that she executed said instr~ment freely and volun- ; tarily and without any campulsion, constraint, apprehensio~r fear of or from her said husbend. ~ WITNESS my hand and official seal this ~ day of :J~nuar A. D. 19~~ ~ 1 ~ Nofary Public in and for the State of Florida at tarpe + ~ R E C 0 R D E D ti1Y Commission expires: i f Return To: ~IL~p First Federal Savings d. Loan Assxiatioq , AN(~ ~ ~ K ~~O:afy PuS~:C, ~t_lC J~ F~OitG~t et large ot Fo~r Plerce. 0~~~~-" My Commissi;,n Expires,t~or:.3;:1%9;.. FO~f Piette, FIO~iC~a Bor.ded 8y Aer.enta~ Fiti~d,Ci~ii~iryr.CA!_! • : •.~t 'a'~i:• . . u j~t.~ : y r ' , ~ ~ ~c~ 3 . 22 . ~ . L~ •J i _ _ • ~ ! r%r ; 1_1~1~~3 _ : v~~~. - ~ J~ ~ ~ i _ ~ ~ . ~YtL'le~ ~ ~ ROGLi: ~~':t~~~ ;i',~. GLL : . J , , x _ _ _ . ST. LUCIt CO~UidTY. r ~ i - ~ - : - F~ORID ~~~,..s..~~ - _ e;~_ ' . _ $0(~~~c~~ t~~ - F ` . ~a • ` ~ a'4, ;