Loading...
HomeMy WebLinkAbout1114 . i 3. To placz rnd tontinuously keep on ~he hui!din9s now or hzreafter f,tuatP on sjid land and on all equipment and personally covered by this mo~ig• ege, w~ih eil premiunn thereon pa:d in fufl, f~rc ins~rance in the ~sual S~Af~~3fC~ polity form, ;n a sum approved by the A10RfvAGEE, and winJstorm insurance in the uwal standard pol:cy torm, in a sum :tpptove c3 6y ~ne ~~IORTvAGEf, in w.h canpany er mmpan~es as the l.50RTGAGEF inay direcl; and ali iire and w~ndslorm insurance pnlirles cn any of sa~d bui!d:~gs, any inta~est there n er parr Ihereat, in the aggreg~~e sum aforosaid or In excrss there~(, shall comain the usual standard mori5 ;_e clause or su:h other ciause as the hlor~ga~ee may requue, making tha loss unJer sa~d poti- ties, each and every, paya6!e to said A10RTGAGEE a; ~Is inte~est may appear, and each and every such poflcy sh.~l be promptly ass gned and deiivered ~o eny held by said h10RTGAGEE as further szcu~iry to said mortgage deb~, and, not Iess than ten (10? days in ad~~nce of ihe expirat~en of each poGcy, to de- liver to sa~d h10RTGAGEE a renewal ~hereof, toge~her wnh a rece~pt tor th: premium of such renewal; and there shall be no f~re ur ~vinds~o~m insurance placed on any of eaid buildings, any interest there~n or part ~hzreof, un~ess in the form'and vvith the loss ~~yable as aforesaid; and in the event any s~m of money becomes payab~e under such policy or policies said MORTGAGEE ~hall have the :,plion to recaive and app~y the same on accoum o~ iha indebted- ness secured hereby or to permlt sald MORTGAGORS to receive and use it or any part thereo( for o~i,er purF~.oses, w~it,o~t ih~rcbr \1'31V1~?~ or ~mpa~z- ing a::y equity, lien or right under or by virtue oi this mo:!gage; and in Ihe even~ sa?J A10RTGAGORS shall for any reason iail to keep the said p~em~ses so insured, or fail to delivcr promptly any of said po~~cies of insurence 1o said h10RTGAGEE, or fa~l promptly ro pny fully any pr~miu~n therefor or in a~y respeU fail to per(orm, discharge, execute, eflecl, tomplete, comply with and abide hy this covenanl, or any part hareof, sjid h10RTGAGEE may place and pay for such insurance or any part thereof without watving or affecting any option, lien, equ~ty, ~r riyht under or 6y virtue of this Alortgage, and the full amount of each and every such payment shall be immediately due and oayable and shall bear interest from tho date thercof until p~id at the rate o! nine per centum per annum and to~ether with such iNerest shall be secured by Ihz lien of this mortgage. d. To permit, commit or suffer no ~vas~e, impairment or deterioration of said property or any part thereof. 5. To pay all and singvlar the ~costs, charges and expenses, ~ncluding a reasonable attorney's fee and costs of abstracls of titie, incurred or paid at any time by said hSpRTGAGEE, because or in the event of the failure on tne part of She said h10RTGAGOR to duly, promptly and futly perform, discharge. execute, e(fect, complete, comply wi~h and ab'de by each and every thc stipulations, agreemems, conditions, and cove~ants of said pro~nissory note and this mortgage any ar either, and sa:d costs, chjrges and expe~nes, each and every, shall be immediately due and payable; whelher or not there be notice ds mand, attempt to co!Izct or suit pend~ng; and the full amount of each and every such payment shall bear interest from the da!e thereof until paid at the rate of n~ne per centum pcr ann~:n; and a11 sa~d cu:ts, charges and expenses irxurred or paid, toge~her w~th such intere3t, shall be secured by the Gen of th~i mor tg a ~ e. A. That (a) in tha event of any 6reach of thls hlortgage or default on Ih~ part of the h10RTGAGOR, or (b) in the event any of sa:d svms of money herein referred ?o be not prompNy and fully paid wi~hi~ th~rty (30) days nex~ af~e~ the same severa;fy hecome due and payab!e, withoul demand or notice, or (c) in the even~ each and every the st~pulations, agreements, conditions and covenams o( sa:d promissory notz and Ih~s mortgage any or either are nol iuly, promptly and fu~ly performed, d~scharged, executed, eifecteci, compteted, compi~ed ~v~th ana ao~dea ~y, inen in eiiher or any 3uch eveni tP~e sa~ci ay gregate sum mentioned in said promissory note then remairing unpaid, with interest accrued, arid all moncys setured hereby, shall become due and pay able forthwilh, or thereafter, at the option of said A10RTGAGEE, as fully and complefely as if alI of ~hc said sums of money ~xere originally stipulated to be pa:d on such day, anything in sa:d promissory note or in this 1.lortgage to the conrrary not•.vithstand~ng; and thereupon or thereaffer at the op~~on of said h10RTGAGEE, without not~ce or demand, suit at law or in equity, therefore or thereafter begun, may be Hrosecuted as if all m~neys secured hereby had matured pr~or to its ins~itution. 7. Tha! in the event that at the beginnir.g of or at any iime pending any suit upan th:s Mortgage, or to forec:~se it, or to reform it, or to enforce payment of any claims hereunder, said ~,10RTGAGFC shall apply to thc Coun having jurisd:ction ihereof for the appo:ntmenl of a Receiver, such Court shall iorthwith appoint a rete~ver of said mortgaged property all and sing~lar, indud.ng ail and singular the intome, profits, issves ar.d revenues from whatever source derived, each and every of whrch, it being expressly understood, is F.ereby mertgaged as if spec~fically set forth and desuibed in the granting and habendum da~ses hereof, and such Receiver shall have all the broad and eifective funct,ons and po~vers in any~vis~ entrusted by a Court to a Receiver, and s~ch ap,~ointment shail be made by such Court as an admiued equity and a matter of abselute right to said h1URTGAGEE, and v,ithcut reference to the adequacy or inadequacy of the vatue of the property mortgaged or to the so:vrncy or :nsolvency of said h10RiGAGOR or the defendants, and that such tents, profits, income, iss~es and revenues shafl be applied by such P.eceiver accord~nq to the lien or eq~ity of said h10RTGAGEE and the practice of such Courf. 8. To duly, promptly and fully perform, discharge, exet~te, effect, comptete, compty vvith and abide by each and every the stipulations, agreements, conditions and covenants in said promissoty note and th~s mortgage set iorth. 9. That in the event tfie o~vnership of the mortgaged premises, or any part tncreof, becomes vested in a person olher than the I~AORTGAGOR, the MORTGAGEE, its successors and ass~gns, may, witho~t notice to the .'~10RTGAOR, deal with such successor or successor in imerest vr~th reference to this mortgage and the debt he~eby secured in the same manner as with t.~artgagor •.v~fhout in any way vitiating or d~scha~ging the hlortgagors' liability here- under or upon :he debt hereby secured. No sale of tf~e Fremises hereby mortgaged and no forbearance on the part of the /:10RTvAGEE or its successors Or assigns and no extension of the time for tha payment of the debt h~reby secured qiven by ~he MORTGAGEE or its successors or ass:gns, aiiall operate to retease, distharge, modify change or affect th> orig~nal lia'~~I~ty of the h;ORTGAGOR herein, either in whole or in part. 10. It is spet~fically agreed thnt Iime is of the essence of this contract and Ihat no waiver of any obl~gat:on hereunder or of the obligation se- t~red hereby shall at any time therea(ter be held to be a waiver of the te~ms hereof or of the instr~ment secured herby. 11. In add:tion to the forego'ng momhly paym~nts of princ p~l and irneres? requ;red by the prom'ssory ~o!e secured hereby, mortgagor covenants and agrees to pay to mortgagee with each momhiy payr.~e~t an add~~~onal sum estfmated by mortaagee to be equal to 1; l2 of tnr annua{ cost of the folio.v- i~g: A-All reaI property taxes levied or assessed agai~,s! tFe a6ove described real estate. B-Premiums on fire and windsto~m insurarce as here~n requ;~ed to be carried on the imptovements s~tuate on the above d~scri6ed premises. C-Premi~rc,s on such mortgage guaranty insurar,~2 as mo~tgagee shall from t:me io time deem f~t to carry on the loan se~ured hereby. hlortgagee slia!t from time to t~me notify mortgagor ~n writ~ng of the am.o~~~t due and nayable hereunder and such sum shall thereupon be due and payable on the due date of the n~xt momhfy payment and each wccessive momh thereafter ur,til mortgagee shall notlfy mortgagor of a change in such amounl. Such wms shail be applied by mortgagee tov+ard the FaymeM of real property taxes, insurance prem;ums, and mortgage gwraMy insurance premiums. ' IN \YITNESS W REOF, the said MORTGAGOR has hereunto se! his hand ard seal the day and,year first aforasaid. _ Signed, Seale i~ d v~e 'in e~esence of: ' • ' ~e~ ~ l lL~-.--~ z-T-1-z--~ ,G-'fif Cr~ eal __,~s, ~ : ~ / , ~l . ~ . {Seap iE~ ' 9' .i {J. (Seal) ! • ' ~ (Seap S7ATE OF FLORIDA couNrY oF S t, Lu c i e Before me personally appeared L1Y1I']888 S E, Ke llog , and ~ E 1 i z abe th R. Ke l lo~g his wife, to me well known and knov~n to me to 6e - the individuals described in and who executed the foregoing instrument, and acknowledged before me that they executed the same for the pvrposes therein expressed. And the said E 1 i z a b e th R. ~{8 11 O~',g wife ot the said Linns e a 4 E. K 8 l lO~g , upon a separate and privete ' examination by me faken separate and apart from her said husband, acknowledged to and befo~e m~ that she executed said instrument freely and volun- ' larily and without any compulsion, constraint, apprehension, or fear of or from her said husband. WITNES$ my hand and ofFidai seal th~s_ ~T- day Janu A. D. 19 ~ G~Zfij.L F I L E D AN D R E C 0 R D ~ ~~tary Publ~c in and for the State of florida at large K ti5y Comm~ssion expire:: l~ Retum To: t?,~ ..n~~'~p~~'R~C~~,,, l . tTG First Federal Savings d~ Loan Association . , :t','OF•iort P~erce. ~ 11f1Y,"•.~'{^I!i' . . . . _ . .'1 ~ - . ' _ . ~ . ~ Fort Ai~rce. Flaridj A I PM ~ ~ ~ I f r ' , ~ ~ t ~ - - . . ~66 JAPJ ~ . . . . ~ _ _ . : - _~~~ti~ _ : ~~~;~r ~,~f~~~;,~, _ . ~ _ - ~ - " : 7 ' ROGLR i'+11 i r~F~S. CLERK . . , . - a _ - ~ ' ' ST. LUCIt COUNTY. - . ~ : . ~ ~ - . ; ' FLORIDA . - ~ , • - ~ i , - - - ~~i• ~ i . " , ~~r, ~ : . y k ~ ~ ~oox ~.36 ~08 - ~r~~' _ .