HomeMy WebLinkAbout1009 3. To ;~ace and continuousty keep on the bui!dings no•.v or hereaFter s~t~ale on sn~d land and on all equipment and aersonally covered by ihis mo~~g•
ege, wilh all premiums there~n paid in full, fire insurante in the uw~l standsrd po!ky fo~m, in a svm approved by Ihe MCRIt~At'iEE, end windstorm
insurance in the usual siancia~d poiky iorni, i~~ n s~~~~ ep~ ro~e~' Ly t1 :'.O°TvZGfE, :n such ~c~m;:a^y er tomp;nies as the h10RTGAGEE may
dired; and all fire and w~ndstorm insurance polic~es on any of said build~ngs, any ~nterest thercin cr parl thereof, in Ihe a99regate svm aforesaid ar
in excess thereof, shall contain the usual star.dard mor~g.+3ee clause or such other dause as the 1,lortgagee may ~equ;re, making Ihe loss under sa~d poli-
ties, each and every, payab~e to said A~ORTGAGEE as its intcres~ may appear, and etch and evcry such ~~o!~cy shail be prOmpf~y ass gn.=d a~~d delivered to
. any held by said h10RTGAGEE as furlher security to aaid m~rtgaga debt, and, not lesa t'nan ten (10) djys in advance of the expiraYen of each poGcy, to de•
liver to said A10RTGAGEE a renewal thereof, togeihar with a receipt fer th= premium oi s,:ch renewai; and thare shall be no f~re or windsrorm insurance
placed on any of said buildings, any interest therei.~ or part thereof, un!ess in ihe fonn and ~v~th the loss payable as afcresald; and in the e~~ent any sum
of money becomes payable under svch polity or policies said P.10RTGAGEE shal! hare the option ro rece~ve snd app!y th~ sa~ue on accounl of the indabted-
ness secured hereby ot to permif said MORTGAGOF,S to receive and use it or ~ny pr:rt therc~f 'er etii~ r p~rposes, ~•.itho~t th~r~i~i ~wivin3 or ~mpair-
ing any rqu~ty, Gen or righ~ under er by virtue of this mc:sgage; and in the event sa~d h!ORTGAGORS shall for any rcason fail to kaep the sa~d premises so '
inswed, or fail to deliver promptly any of s3id policizs of insurance to said MORTGAGfE, or f~il promutly to pay fully any premium therefor or in any
respect fail Io perfarm, d~scharge, axecute, effect, complete, comply with and abide by th~s COYG~~3!l~, or any part hereof, said l10RTGAGEE may plao~ and
pay tot such insurance or any part thereof without ~vaiving or affeding any option, lien, equ~ty, or r~ghl under or by virtue ol this hlortgage, and the
fu11 amovnt of each and every such payment shall be immediately due and poyable and shalt bear interest from the date tharecf urnil paid at the rate ol
nine per centum pet arn~um anJ to~ether with suth inta~est shail b~ secured 6y the lien of ti~Es rnortgage.
4. To permit, tommit or suffer no wastz, impairment or deterioration of said property cr any part thereof.
S. To pay all and singu(ar the costs, charg.•s and expenses, including a reaso~able attorney's fee and costs of abstracts of title, incurred or paid al
any time by said h10RTGAG:E, because or in the eveN oi the failure on the part of the sa~d 1.10RTGAGOR t~~ duly, rromplly and fully per(orm, discharge.
txetute, efFett, complete, comply with and ab:de by each and every the sGpulations, ayreen~~nts, cond~tions, and covenams of said pro:nissory note and this
morl~age any or ei~her, and said costs, charges and exoenses, each and every, shall be immediate~y due and oayable; whether or not there be r,ot~cc d~
mand, attempt to collect or suit pend~nq; and the full amount of each and e~ery such payment shali Lear interesl from the date thereof until paid at the
rate of nine per crntum per annu:n; ai.d all said costs, charges and expenses incurred or paid, together ~v~th such interesl, shall be secured by the lien of thi•
mortgage.
6. That (a) in the evenf of any breach of this ~tilortgage or d~fault on the part of the A10RTGAGOR, or tb) in the eveM any of said sums of money
herein referred to be rot promptly and fully paid within th~rty (30) days next atter the same severa!ly 6ecome due and payable, wuhout demand or notice,
or (t) tn the event eath and every the stipulations, agreements, conditions and covenants of sa:d promissory note and th~s mo:tgac~e any or either are nol
. . . . . ~ ~ . . . . ~ - ~ - ~ __a _~.:_t.~ t, o;tl,e. ~~rF. av@nt 1hP said an•
7iiiy~ FSivirj~iiy c~~i3 ~vfiy }icr~c;~~tl~:l, u~St:~aty_a:, cw«tii::::, e:~z.ii:f, c~;~c,r..:,~..., ,y, ~:1 7.^. ~ - '!!i '
gregate sum mentioned in said promissory ~ote then remaining unpaid, with interes! acuued, and all moneys secured hereby, shall become due and pay
eble forthwith, or thereafter, at the option of said h10RiGAGEE, as fully and completely as if all of the said sums of money were ori3inally stipulated
to be paid on suth day, anything in sald pramissory note or in this Alurtgage to tnc comrary nor.vithstandinq; and thereupon or thereafter at the opt~on of
seid MORTGAGEE, vvithout notice or demand, suit at la~v or in equity, thereiore or thereafter begun, may Ee prosecuted as if all moneys secured hereby
had mat~red prior to its institution.
7. That in the event that at the beginnirg of or at any time pending any suit upon this Mortgage, or to foreclose it, or to re!orm it, or to enforce
payment of any claims hereunder, said MORTGAGEE shall apply to the Court havir.g ju~isd:c~ion thercof for the appointment of a Receiver, such Court shall
forthwith appoiM a receivzr of sai~ mortgaged property all and singular, indud:ng all and singular the income, profds, iswes ar.d revenues frcm wh~te~~er
source derived, each and every of which, it being expressly unders~ood, is hereby mortgaged as if spec~~fcally set forth anci described in 1he granting and
habendvm dauses hereof, and such Receiver shall hsve all the broad and effective fvnct,ons and po.vers in anywise entrusted by a Courl to a Receiver, and
suth appointment shall be made by such Court as an admitted equity a~d a matter of absolute r~ghl to said MORTGAGEE, and without re(erence to the
edeq~acy or inadequacy of the value of the prope~ty mortgaged or to the so':vency or in:olvency of said MORTGAGOR or the defendants, and that such
rents, profits, income, issues and revenues shail be appiied Ly such Receiver accord!ng to the lien or equity of said ~.10RTGAGEE and the practice of wch
Court.
8. To du1y, promptly and fully perform, discharge, execute, effect, complete, comply with and abide by each and every the stipulations, agreements,
conditions and covenams in sa~d promissory note and th;s morrgage set forth.
9. That in the event the ownership of the morlgaged premises, or any part thereof, betome~ vested in a person other than the h10RTGAGOR, the
MORiGAGEE, its sutcessors and assignz, may, w~tfiout notice ro the t.10RTGAOR, deal with such successor or wtcessor in iMerest with reference to this
mortga~e and the debt hereby secured in the same manner as ~Y~~h r.1o: tgagor without in any ~vay vitiating or d~schaiging the 1.'lortgagors' liability here•
under or upon the debt hereby secured. No sale of the ~r?mises hcreby rnortgaged ar.d no {orbearance on Ihe part of the 1,tORTGAGEE or its successors
or assigns and no extension of the time for the payment of the debt h~re6y setured given by the h50RTGAGEE or its successors or assigns, aliall operate
lo release, discharge, modify change or affect the original liau~lity of the 1:~ORTGRGOR l~erein, either in whole or in part. '
10. It is specifically agreed that time is of the esser.ce of this ton!ract and that no waiver of any obl~gation here~nder or of the obligation se-
tured hereby sha;! at any time thereafter be held to be a v:aiver of the terms hereof or of the instrumen~ secured herby.
11. In add~tio? to the forego~nq momhly paym~nts of prinC pal and interest requ~red by the prom'ssory no!e secured hereby, mortgagor tovenants
and agrees to pay to nortgagee with each momhly payr.~em an addiric~al sum estln,ated by mortyagee to be equal to 1~ 12 of the annuat cost of the follow-
ing:
A-All real property taxes levied or assessed agai~~st th: above described real es!ate.
B-Pr~miums on fire and windstorm insurar,ce as here~n requ~red to be carried on the improveme~ts s~tuate en the above d~scribed premises.
C-Premiums on such mortgage guaranty ir.surance as mo~tgagee shafl fro•r. t~me ro ti:ne deem fit to carry on the ioan secured hereby.
Mortgagee shal~ from time to time notify mortgagor ~n ~vrit~ng of tne amou~t due and payable hereundar and s~ch s~rn shall thereupon be due and
payable on the due date of th= next monthly payment and each successive month thereafter ~ntil mcrtgagee shall notify mortgagor of a change in wch
amount. Such sums shall be applied by mortgagee to,•fard the payment of real property taxes, insurance prem;ums, and mortgage guaranty insurance
premiums.
IN V~ITNE55 ~YHEREOF, the said h'IORTGAGOR has hereunto set his hand and seal the day and year firsl aforesaid. , _
Signed, Sealed and deliv ed in the presence of: ~ ~ _ /
c_ :i ~ / ~t " • (Seal)
i ~ lt.l
- (Seel)
~ (Seal)
(Seal)
STATE OF fLORIDA
St. Lucie
COUNTY OF 1
Before me personally appeared LZOZ'Cj 2'9~ ~02' and
~ n t l 1 Cj 8 F' . T a v 1 o r - r,~s wife, to me well known and k~own to me to be
fhe individuals described in and who executed the foregoin instrument, and acknowled ed before me that they executed the same for the purposes
Iherein expressed. And the said C~e~ t i 1 d e . T ey lo r
wife of the said Ll.O~~d Ta~lor , upon a separate and private
examination by me faken separate and apart from her said husband, acknowledged to and before me that she exe:uted said instrument freely and volun-
tarily and without any comp~lsion, canstraint, epprehension~ fear of or from her said husband.
WITNES$ my hand and official seal this ~ 7 day of Januarv , A. D. 19
~ ~
. RECORDE ~ ~~f~~-~
: , _
~~~Ep AND ~~~QK Ngt ry Public in and for the State of Florida nt Large
~ , ~ ~ ; ~ ~ ~ • ` ~ . My Commission expires:
; c ••:Return.To: • ' , , F=~l/`~ rY PubliC,
~ ~ Nota State of Fforida at lar~e
' Fint `Fedetal• S~ying~ loan As:ociation / ~?'~Y Commission Expires M~rCh 18 1968
; ~ :^Oi~.'fbit Pierce. ~p ~1 • ' S ~Onded 8Y American Surety Co. of I~(.`y..
tFott-Pi~ce, Florida, JA~'~ u ` 1~ i• . -
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