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HomeMy WebLinkAbout1516 3. To place and coroinuously keep on the bui!d~ngs now or heieafler s~tuate on satd land and on al1 equ~pmeM and personalty covered by thii martq- age, with afl premiurtYS thereon paid in full, fire inswance in tne usual standard policy form, in a sum approved by fhe A1QRrGAGEf, and windstorm insurance in the usual standard pol~cy form, in a sum approved by ihe h10RTGAGEE, in tuch company or compan~es as tha A10RTGAGEE may direct; and all fire and windstorm insurance policies on any o( said build~ngs, any interest therein ~r part thereof, in the aggre9ate sum aforesaid o~ ln extess thereof, shall tontain tha uwal standard mortga3ee cla~~se or such other tlawe as fhe ti!ortgagee may requira, making the loss under said poli- ciee, eath and every, p~yable to said hIORTGAGEE as ~ts interest may appear, and each and eveiy wch poi~cy :hal! be promptly ass gned and delivered ro eny heid by sa~cl RtORTGAGEE as (urther aecurity to said mortgage debt, and, not less ihan ten (10) days in advance of the expira~ion o{ each pol(cy, to de- liver to said h10RTGAGEE a renewat lhereof, together with a rece~pt for !he premium of s~ch rene~+val; and ~here shall be na f~re or ~vindstorm insurance placed on any of said buildings, any interesl Ihere~n or part thereoi, un!ess in the torm'anJ with the loss payable as aforesaid; and in the event any sum of money becomes payab!e under such policy or poGcies said A10RiGAGEE shalt have the opt~on to receive and apply thz iame on account o~ the indebted- ness secured hetaby or to permif said ~hORTGAGORS to receive and ~s^ it or any part thrreof for othc~ F:urpcses, w~thout t~1_/EDJ ~vaivin~ or ~mpair- ina any equity, (irn or ~;ghl under or by virtue of this mo:tgage; and in the event said h10~TGAGGRS sh~ll for any reason fail to {ceep the said premiszs so . , . insured, or fail to deliver promptly any of saia pouciea oi ~nav~o~~~r s~~u ,.;u:.:i,:~;.,:z, t==!!=. eh=r~ln. rny r.., - , , • respett (ail to perform, distharge, executz, eifecl, complete, comply with and abide by Ihis covenant, o~ any part hereof, s3id A10RTGAGEE m~y place and pay for such insuraace or any part thereof without watving or a(Fecting any option, lien, eq~~ty, or right undrr or by virfue of tfiis Alertgaga, and tht futl amount of eacit and e~ery such payment shnl! be immediately due and payable and shall bear inlerest from tha date Ihereof unlil paid a1 the rate ot nine per centum per annum and to~ether Ni~h :uch interest shali be se.ured by the lien of ihis mortqac~e. 4. To permil, commit or suffer no waste, irnpairmenf or deterioration of said property or any part thereof. 5. To pay all and sing~lar the~costs, charges and expenses, including a reasonable aitorney's fee and costs of abslracls of titte, incurred or pnid at e~y time by said MORTGAGEE, because or in the event of the failure on Ihe part of she said h10RTGAGOR to duly, promptly and fully per(c;rm, d~scharge. exetute, effecl, tomplete, comply with and ab:de by each and every the stipulai~ons, agreements, tondilions, and covenants of said promissory note and this mortgage any or eiiher, and said costs, charges and expenses, each and every, shatl be immediately d~e and payable; wherher or not thera be noi~ce dz mand, attempt to collect or suit pend;ng; and the f~l) amount of each and every such payment shall bear interest from the date th~reof until paid at the rate of ~ine per ~entum pcr amwm; and aIl said costs, charges and expenses incurred or paid, together w~th such interest, shall be secvred by the lien of this mortgage. b. That (a) in the event of any breach of this Mortgage o~ default on ths part of the MORTGAGOR, or (b) in the evenl any of sald sun.s of money herein referred to be not prompt~y and f~lly paid within thirty (30) days next after Ihe same severa!1y 6ecome due and payab!e, ~+•ithout demand or notice, or (c) in the eve~t each and every Ihe stipulalions, agreements, cond~tions and covenants o} sa~d promissory note and th~s mortgage any or eilher are nof ~uly, prompfly and fully performed, d~scharg?d, exewted, effected, comp!eted, compGed with and abided by, than in either or any such event the said ag~ gregate sum m?ntioned in said promissory note then remaining unpaid, ~vith interesl accrued, and al~ moneys setured hereby, shall become due and pay- able fortfiwi~h, or thereafter, at the option oi said A~tORTGAGEE, as fuil~ and completety as if al! of the sa~d sums of money were or~ginally stlpulated fo be paid on wch day, anything in sa:d promissory note or in this hlorlgage to the contrary notwithstanding; and thereupon or Ihereaiter at the option of said MORTGAGEE, withoul noticz or demand, suit af law or in equity, therefore or thereattar begun, may be prosecuted as if atl moneys secureJ hereby had matured pr~or to its ins~itvtion. 7. Thaf in the event that at the beginning oF or at any time pending any suit upon this Mortgage, or to foreclose it, or to reform it, or to enforce payment of any daims hereunder, said MORTGAGEE shall apply to the Court having ju~~sdlction thereof for the appo~ntment of a Retei~er, such Court Shall forlFiwith appoint a receiver of said mortgaged property alt and singular, inctud~ng all a~d singu!ar the income, p~ofits, issues and revenues from whate~er source derived, each and every of which, it being expressly undersrood, ie hereby mortgaged as if spec~fic+lly set forth and desuibed in the granting and habendum tlauses hereof, and such Receiver shall have all the broad and effective tunct~ons and povlers in anyw~se entrusted by a Courl fo a Receiver, and tuch appointment shaN be m.ade by such Covrr as an ad~»itted equ;ty and a maite~ of absofute right to said A10RTGAGEE, and v.ithcut reference to the adeqvacy or inadeqvaty oi the value of the property mortgaged or to the so~vency or ~nsotvency oi sa~d MORiGAGOR or 1he defend~ms, and that such renfs, profil5, income, issves and revenues sha(I be applied by such Reteiver accord~n9 to the lien ar equity of said h10RTGAGEE and the pratlice of such Covrt. 8. To du1y, promptly and fu!ly perform, discharge, execvte, effect, complete, comply vv~th and abide by eath and every the stipulations, agreements, tonditions and covenants in said promissory note and this mortgage set forth. 9. That in the evenl the ownership of the mortgaged premisas, or any part thereof, becomes vested in a person other than the MORTGAGQR, the MORTGAGfE, its successors and assigns, may, ~vithout notice to the R10RTGAOR, deal with such succeszor or successor in interes~ w•ith reFerence to thii mortgage and the debt hereby secured in ihe same manner as with Mortgagor w~thouf in any ~vay vit:ating or d~scharging the fAortgagors' ~iability here- under or upon the debt hereby secured. No sate of Ihe premises hereby mo~tgaged ar.d no forbearance on the pa+t of the lAORTGAGEE or its successon or assigns and no extension of the time for the payment of the aebf hereby secured given by the 1.tiORTGAGEE or its successors or ass:gns, ahall operate lo release, discharge, modify change or affect the orig;nal liaoillty of the h',ORTGAGOR herein, either in wFole or in part. 10. h is specifically agreed Ihat time is of thz essence of this contract and that no waiver of any obl~gation hereunder or of the obtigation se- cured hereby shall a! any time thereafter be he:d to be a tivaiver of the terms hereof or of the instrument secured herby. 11. In add~tio~ to the forego:ng moNhly paym~nts of princ pal and interest required by the prom~ssory no!e secured hereby, mortgagor covenants _ and agrees to pay to mortgagee with each monthiy payment an add~rional sum estimated b~ mor~gjgz? to be eq~al t~ 1/12 of the annual cost of the follow- ing: A-AII real property taxes fevied or assessed agai~st thc above desui5~d real esrate. B-Premiums on fire and windstorm insurar.ce as herein requ~red to 6e cairied on the improveme~ts situate on the above d:scribed premiset. C-Premiums on such martgage gvaranty insu~ance as mortgagee shafl from t;me to Gme deem fit to carry on the loan secured hereby. hlortgagee shall (rom ~ime ro time notify mortgagor in writ~ng of the amount due and payabte hereundar and such sum shaif thereupon be due and payable on the due date oi rhe next monthly payment and each svtcessive month tk:ereafter un!il mertgagee shall notify mortozgor of a change in such amounL Such sums shall be applied by morigagze toward the payment of rea! propeny taxes, insurance prem:vms, and mortgage g~aranty insurar.ce premiums. IN WITNESS WHEREOF, the said A50RTGAGOR has hereunto sai his hand and seal the day and year first afo:esaid. . ~ a_~..c~ca •F- ,.t. - 7 ~ / / i s,y,;~, y. . : . - - - ` ~o'~ ~U ~ cs~an _ !i7~~ ~ ~ ~ ~Seal) . ~ lGGic.~ : (Sea1) (Sea I) 57ATE OF FLORIDA ~ St, Lucie COUNTY c~f + Before me personat(y apQeared 1~ 1~~ $'-~'1 ~ t end J an e BT' 1 t t his wife, to me well Anown and kno•.vn to me fo be the individuals described in and who executed the foregoing in:trument, and acknov~ledged before me that they executed the same for the purposes therein expressed. And the said- .Tani P $T''l {'t wife ot the said ~l~ ~ $T'i ~t upon a aeparate and private examination by me ta(cen separete and apart from her said husband, atknowtedged to and before me that she exetuted said ins~rumenf f~c~ely and volu~i- ~ farily and without any cempulsion, constrainL apprehension, or fear of or from het said husband. WITNESS my hand and official seal this_ l1~/.Qa`- day of ~nU& ry ~~~`:i~; •D, 19 , - ~ ''/y' i Notary Pub in and for the State:4f~F~qrjdai~~ge FILED AN~ RECORDED tiiy Ccmmi s~o~ expires: " ~ Retum ro: K ~f` : " - first Federal Savings b Loan Associatien ~B 0 ~ Q-~ 'G~ . ; 7r.'~~~f SY . Of Forh P] ~~-L'~~ , ~ erce. 7~ ~ ~~g • Po~r' `bi~~c~;, Ftorida Q~ E,/_f ' ' } ' • ;;•,~4re.~},R; 6~~_ ~ ~ , ~ , A~ ~ ~ . c ( 3I PM 3 3I ~ ~ : . - ~ - '66 J o' ,i: 1~`~-~~~:~ , ~J ~ - i : . : ~ _ ROGER f'Oi;"fi,~~. C~ERK ' . - _ - . ' ST. !._UC1E CO~NTY. ~ - ' ~ ' ~ - FLORIDA ' ~ = ~ . . _ , - . . • _ • BOQ,r,~J`~ - : - 3~~ . _ ~ ~ ~