HomeMy WebLinkAbout0775 3. To place and continuously keep on the bui!dings now or herea!fer situate on said lartd and on ati equipment ar.d personally covered by this mortg•
ege, w'~t1+ ail pren::~rrs ih?recn pa'd in tu+,1, fire ir.s;;!ance ~n thn ~nual stnndard policy for~~, in a sum approved by iha A10RiGAGEE, and windstorm
insurance in Ihe usual srandard poi:cy form, in a sum approved by the MORiGAGEE, in iuch company or tompanies as the t.iO~iGAGEE may
dirett; and all fire anJ w~~ditorm insurance pot~cies on any of said build~ngs, any inierest therein or pait thereof, in Ihe eggregate sum aforesaid or
, lo rx<ess thrreof, shall contain the usual slandard mortgagee clause or such o~her ciause as ihe hlortgagee may require, making ~he loss ~nder said poli•
cies, each and every, payable to said MORTGAGEE as its interest may appear, and each and every suth policy shaii be promptly asa gned and delivered ~o
eny held by said MORIGAGEE as furiher seturity lo said mortgage dabt, and, na? less lhan ten (10) days in advance of the expiration of tach policy, ro de-
liver to said A10RTG/1GEE a renewal Ihereof, together with a rec<~pt for the premium of such renewai; and lhere shall be no fire or windstorm insurance
plated on any of ~aid bvildings, any interest therein or pert thereof, vnless tn the form'ans! with fhe loss payabte as aforesaid; and in ~hc event any sum
of money becomes payable undzr such policy or policies said MORTGAGEE ~hall have the option to receive and appiy the same on account o~ the indebted-
~ass tecvred hereby or to permil said h10RTGAGOR$ to recaiva and use it or any parl the:eof for otixr purposes, wirhout th~reo~ ;vaivi~~g or i+npair
(ng any equity, lien or right under or by vinua of this morrgnge; and in the eve~l said htGRTGAGORS shaU fo~ any reason fail to keep the said premises se
insured, or fail to deliver promptly any of said pol~ues of insurance to said MORTGAGEE, or fail proniptly 9o pay fully any premium the~efor or in any
~e~pect fail to perform, d~scharge, execute, ef(ecl, con~plete, comply with artd abide by th~s covenant, o~ any parf he~eof, said ~.50RTGAGEE may place and
pay tor such insurance or eny part thereof without walving or affecting any option, lien, equity, or right under or by virtue of this hlortgage, and the
full amoun? of each and every such payment shall be immediately due and payable and shall bear interest from the date tRereoi until paid at the rate of
nine per centum per annum and to~ether wirh such inrerest shall be secu~ed by !he lien of th~s m~rtgage.
4. To permif, commit or ~vlfer no waste. impai~menf ot deterioration of said property or any parl thereof.
S. 7o pay all and singular Ihe ~cosis, charges and expenses, including a reasonable attorney's fee and costs of abstracts of title, incurred or paid at
any time by said MORTGAGfE, becaui~ er in the event of the failure on the part of the said h10RTGAGOR to duly, promptly and fully per(orm, d~scharge.
execute, effect, compfete, compty w+rh and ab:de by each and every the sYrpu!atione, ag~eements, condifions, and covenants of said promissory note and ~his
mortgage any or e~iher, and sa:d costs, <harges and expertses, each and every, shall be immediately due and payable; whether or not there be not~ce da
mand, attempt to tolletl or suit pending; and the full amount of each and every such payment shal( bear intecesf from the date ~hereof until paid af the
rate of nina per czntum per annurn; and a.ll said tosts, cha~ges and expenses inwrred or paid, togefher ~v~th such interest, shall be secured by the lien of thi~
mortgage.
A. Thal (a) in the event of any 6reach of this 141orrgage or defa~ll on tha part of the MORTGAGOR, or (b) in the event any of ea~d sums of money
herein referred to be noi promptty and fulfy paid wirhin thirty (30) days next afier the same severally become due and payable, ~vithout demand or notice,
or (c) in the eve~t eath and every the slipvlations, agreements, conditions and tovenants of sa;d promissory note and th~s mortgage any or either are nc,1
~uly, promptly and fully per(ormed, d~scharged, executed, effected, compteted, compfied ~vifh and abided ~iy, then in either or any such event the said ag- -
gregate sum mentioned in said promissory note then remaining unpaid, with interest accrued, and all moneys secured hereby, shall betome due and pay
able fortliwith, or thereatrer, at the option of said MORTGAGEE, as fully and completely as if all of ihe said sums of money were originally it~pulaled
to be paid on such day, anything in said prom?ssory note or in this k!ortgage to the contrery notwifhstanding; and the~eupon or the~eafter at ihe option of
said MORTGAGEE, without ~otice or demand, suit at law or in equity, therefore or the:eafter begun, may be prosecuted as if all moneys secured hereby
had matured prior to its instituiion.
7. That in the event that at the beginning of or at any time pending any su~t upon thii hlortgage, or to foreclose i1, or to reform it, or fo enforce
paymenf of any cfaims hereunder, said A10RTGAGEE shall apply to the Court having jurisdiction thereo( ior the appo~ntmenl of a Receiver, such Court shaH
fortFiwith appoint a receiver of said mortgaged property ail and s~ngvlar, includ~ng all and singular the income, pro(its, issues and revenues trom wh3lever
sourte derived, each and every of which, it being expressty understood, is hereby mo~tgaged as if specifically set forth and desaebed in the g~anling and
hnbendum clauses hereof, and such Receiver shall have all the broad and effect~ve tunct~ons ard powers in anywise entrusted by a Cou~t to a Receiver, and
such appointment shall be made by Such Ceurt as an admitted equity and a mane~ of absolute right to said h10RTGAGEE, and wit?iout reierence to tne
edequaty or inadequacy of the vatue of fhe prbperty mortgaged or to the solvency or insolventy af said /.10RTGAGOR or Ihe deiendanSS, and that suth
rents, profits, ircome, issues and revenues shall be applied by such Receiver accord~nq to ~he lien or equity of said 11lORTGAGEE and the practice of such
Court.
8. To duly, prompt?y and fulfy perform, discharge, execute, effect, complete, comply v~ith and abide by each and every the stipulations, agreements,
tonditions and covenants in said promissory note and this mortgage set forlh,
9. That in the event the ownership of ihe mortgaged premi~es, or any parl thereof, becomei vzsted in a ptrson otF.er lhan the ~10RTGAGQR, tha _
MORTGAGEE, ~ts suctessors and assigns, may, wi~Foul notice to Ihe h50RTGAOR, deal wiih such successor or successor in interest with reference to Ihis ~
mortgage and the debt hereby secured in the same manne~ as with Mortgagor without in any way vitiating or distharging the P.lortgagors' liability here-
under or upon the debt hereby secured. No sale af the premises hereby mortgaged and no forbearance on the part oi Ihe MORTGAGEE or its s~ccessors
or assigns and no extension of the time for tfie payment of ihe debr he.eby secured given by the MORTGAGEE or its successors or assigns, a~iall operate
fo release, d;scharge, mod~fy change or affecr the orig~nal liao~l~fy of the MORTGAGOR herein, either in whole or in part.
10. It is specifically agreed that time is oF the essence of this conlracl and that no waiver of any obligation hereunder or of the obligation se-
c~red hereby shall at any time thereafter be hetd to be a v~aiver of the terms hereof or of the instrument secured herby.
11. I~ addnio~ to the (ore o:n monthl a ments of rinc" ~I and irterest re uired b the rcmissor no!e secured hereby, mortgagor covenants i
9 9 Y P Y P P q Y P Y
and agrees to pay fo mortgagee with each moMhly payrr.ent an add~rional sum esfimated by nortgagee to be equal to 1/12 of the annual cost of the follow- j
ing:
A-All real property taxzs levied or assessed against the above described real estate.
B-Premiums on fire and v~indstorm insv~ance as herein requ~red to be carried on the improveme~ts situate an the above described premises. -
C-Premiums on such mort3age gu~ranTy insura.~ce as mortgagee shall from l;me to time deem fit to carry on the loan secured hereby,
Mortgagee shall from time to time notify mortgagor in writ;ng of the amount due and payable hereunder and such sum shaU thereupon be due and
payabfe on tne due date of the next monthly payment and each wccessive moNh thereafter ur,til mortgagee shall notify mortgagor of a change in such
amount. Such sums sF.all be applied by mortgage= toward the payment af rea! property taxes, insurance prpm;ums, and mortgage guaranty insurance
premiums.
IN Y~ITNESS REOf, the sajd A50RTGAGOR has hereuntp set his hand and seal the day and year first afor ai
Signed, Seale a d del' e e e esence,of: -
. ~ ~ / ~
re d Braue r ~~a~~
, 1 lf' ($eaq
- ~ (Seal)
Marta BraLer ~~ai~
SiATE OF fLORIDA ~
Saint Lucie
COUNTY OF
Before me pertonally appeared Alfred B. Brauer and '
Marta Brauer his wife, to me well known and known to me to be
the individuals described in and who exec~ted the foregoing instrumen~, and acknowtedged before me that they executed ihe same {or the purpose~
therein expressed. And ?he said Marta Bl'8U@I'
wife ot ~ha sa~d A lfr'@CI B, Brguer upon n separate and private `
examinat~on by me taken separate and apart from her said husband, acknowledged to and before me that she exec~ted said instrument free?y and volun• '
tarily and without any compulsion, constraint, apprehension, or~ar of or from her said t~usband,
WITNESS my hand and official sea! this_~~~ N~- da of _J~~'$Y'• _ a~ 19 ~6_
Not ry P~btic in and for the State of Florida at targe
F' l A C p E p h1y Commission expires: r/,
Return To: ~j
First Federal Savings 3[oan Associat~on ~ F Q Q}'~
Of Fort Pierce ~~~t/1CIt1 _ NOTARYFUBIir.S~:~T~,f f~G~;pa tARGE '
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