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HomeMy WebLinkAbout1701 3. To place and continuously keep on ihe bui!d~ngs r.ow or hereaf~er ~ituate on said land and on all equipment and personally covered by ihif mortg- age, with all premiurm rhereon pa~d in full, fire insuiance in Ihe usual standard policy form, ,in a sum approved by Ihe MORTGAGEE, and windstorm insurance in Ihe usual standard pof.cy (orm, in a sum approveJ by the MORTGAGEE, in such wmpany or companies ai ~he h10RTGAGE! may diroc~; and aU fire end windstorm insurance po!icies on any of said build~ngs, any in?erest Ihnrein or part thereof, in the aggre9ate sum aforesaid or In excess therec+f, sh~ll contain the usual standard morrgagee CI3U5^ o~ such other clause as the Morlgagee may require, making the loss under said poli- cies, each and every, payable to said A10RTGAGEE as iis interest may appear, and each and every such policy shail bn promptly ass:gned and delivered to any held by said h50RTGAGEE as further security to said mortgage debt, anJ, not less than ten (10) days in advance of the expiration o( each policy, ~o de- liver to said h10RTGAGEE a renewal lheieof, Iogether with a receipt for the premium oi such renewal; and there shall be no fire or windstorm insvrance placed on any of said buildings, any iMerest therein or part thereof, unless in the torm'and wi~h ~ha loss payable as aforesa9d; and in tne eveM any sum of money becomes payabte under such policy or pol~cies said MURTGAGEE shall have the opt~on to rece~ve and apply the same on account o~ the indebted- ~ess secvred hereby or fo permit said MORTGAGORS to receive and use if or any parl thereoi for other purposes, vii~hout th_rebf ~vai~i~~g or ~mpair• ing any equity, lien or ~i9hi under or by virtue of th~is mo:tgage; a~d in the event said h10RTGAGORS shall for any reason fail to keep the said premises so in~ured, o~ fail to dzliver promptly any of said pai:t~es o( insurnnce to said A10RTGAGEE, or fail promptly to pay futly any premium therefor or in a~y ~ roapect fail to perform, dfscharge, execute, efFect, complete, comply with and abide by this covenant, or any part hareof, said h10RTGAGEE may place and f pay for :uch in~urance er any part thereof without watving or affecting any option, lien, equi'y, or right under or by virtue of this Mortgage, and the ? fvll ainount of each and every such paymenl shall be immediately due and payable and shall bear interest from tha date thereo( unlil paid at the rate o1 ' nine per cent~m per annum and to~ether wifh such interest shall be secured by the lien of this mortgage. I. To permil, comrnit or suffer no ~vaste, impairment or deterioration of said property or any parf thereof. 5. To pay all and siregular the.costs, charges and expenses, ;ncluding a reasonable attorney's fee and costs of absiracts of title, inc~~rred or paid at any time by said MORTGAGfE, becausD or in the event of the failure on the part of the said MORTGAGOR to duly, promplly and fully perform, discharge, execute, ef(ect, comple~e, comply w~th and ab:de by eacl~ and eve~y the stipulations, agrrements, co~ditions, and covenants of said promissory note and this mortgage any or either, and sa~d cos~s, chargas and experxes, each and every, shall be immediately due and payable; whether or not there be notice dr mand, attempt to collect or suit pending; and the full amount of each and every svch paymenr shall bear interest from Ihe date thereof until paid at the rate of nine per centum per annum; and all said costs, charges and expenses incurred or paid, together with such inleresl, shall be setured by the lien of this mortgage. 6. That (a) in the event of any breach of this hlortgage or dzfault on the part of the h10k7GAGOR, or (b) in the event any of sa~d svm~ of money herein referred to be not promp!ly and fully paid within th~rty (30) days next after ~he same severally become due and payable, withou~ demand or notice, or (t) in the everlt each and every the slipulations, agreemeNS, <onditions and covenants ot sa:d promissory note and this mortgage any or either are not ~uly, prompNy and futly performed, d~scharged, executed, effecled, tompletzd, complisd v+ith and abided by, then in eithe~ or any such event the said ag• gregate s~m merttioned in said promissory note th2n remaining unpaid, ~vith interest accrued, and a!1 moneys secured hereby, shall become due and pay able fortliwith, or thareaiter, at the option of said h10RiGAGEE, as fully and completely as if all of the said sums of money were or~ginally stipulated to be paid on such day, anything in said promissory note or in this hl~rigage io the conlrary notwithstanding; and thereupon or iherealter at the option of said MOQTGAGEE, v~ithout notice or demand, suit at lav~ or in equity, therefore or thereaiter begun, may be prosecuted as if all moneys setured hereby had mawred pnor to its instilution. 7. ihat in ihe event that at the beginning of or at any time pending any suit upon this hlortgage, or to foreclose it, or to reform it, or to enforte _ .i_:.... ?...._~....aA. titnorr_e~cF .ti,il ~.,~t., ~F,P ('nu.t hav~nn iu.~adlc~lon thereof for the anuo~roment of a Receiver. such Court shall Fortfiwith appoint a rxeiver oF'said`mortgaged property all and singular, includ~ng ail and singula: the income, p~ofits, issues and revenues from whatevet ~ovrce derived, each and every of wh~ch, i~ being exprFSSly understood, is hereby mortgaged as ii spec~fically set forth and described in ~he granting and habendum clauses hereof, and iuch Receive~ shall have all the broad and effective funct~ons and potivers in anywise enlrusted by a Court tc a Receiver, and tuch appoinlment shall be madc~ by_such Cvur1 as an ad~nitted equity and a matter of absolute right to said MORTGAGEE, and withoul reference to ihe adequacy or inadzquacy o( the valve of the property mortgaged or to the solventy or insolvency of said MORTGAGOR or the defendants, and that such rents, profits, income, issues and revenues sha4L be applied 6y such Receiver accordinq to the lien or equity of said MORTGAGfE and the practice of such Court. ` 8. To dvly, p!om~:fly ~nd f~fly gerform, discharge, execute, e~~ect, complete, comply with and abide by each ond every the stipula!ions, agreements, tonditions and covenams in said promissory r.ote and ~his mortgage set forth. 9. That in the event the ovfnership of the mortgaged premises, or any Farl thereof, becomes vested in a person other than the h10RTGAGOR, the MORTGAGEE, its successors and ass~gns, may, without notice to the h!ORTGAOR, deal v~ith su:h successor or successor in interest wiih reference to this ' mortgage and the deb~ h?reby secured in she same manner as wi~h Mortgagor ~•~ithout in any ~vay vitiating or d~scharging the l.lortyagori liabil~ty hsre- under or upan the de6t hereby secured. No sale of tt,e psernises hereby mortgaged and no forbearance on the part of the /1tORTGAGEE or its successors or assigns and no extension of the time for the Fayment of the debt hereby sec~red given by ihe MORTGAGEE or its successors or ass~gns, ~I~all operate to release, discharge, modify thange or affect the origina! liability of ~he MORTGAGOR herein, either in whole or in part. 10. 11 is specifically agreed that time is o( the essence of this contract and that no waiver of any obligation hereunder or of the obligation se- c~red hereby shn~l at any time thzreafter be held to be a vvaiver of the terms hereof or of the instrume~t secured herby. , 11. In add~tion to the forego:~9 monthly payments of princ'p~l and interest required by the prom~ssory note secured hereby, mortgagor covenants and agrees to pay to mortgagee with each momhiy paymeN an add~rional sum est~n,ated by mortgagee to be eqval to 1/' 12 of the annual cost of the follow- - ing: A-All real property taxes levied or assessed agaiost thc above desvibed real estate. B-Prem;ums on fire and viindstorm insurar,ce as herein requ~red to be carried on the improveme~ts situate on the above described aremises. C-Premiums on such mortgage guaranty inwrar~ce as mortgagee shall from t~me to time deem fit to carry on the loan secured hereby. , hlortgagee sha!I from time to time notily mortgagor in writing of the amount due and payable hereunder and such sum shall thereupon be due and ~ payable on tha due d~te of the next monihly payment and each successive month thereafter until mortgagee shall notify mortgagor of a change in such " amount. Such sums shall be applied by mortgagee tov~ard the payme~t of real property taxes, insurar~ce prem~ums, a~~d mort~age guaranty insurance premiums. ~t N V~ITNESS WHEREOF, the sa~d h50RTGAGOR has hereuMO s>t his hand and seal the day aAd/year first afqreaai~. ' igned, ale an deliv ed in the~ presence of: ~i; E; ~ ; : - ? amue . Barr, ega guar~~an ~ ~ - of W mir~a Barr, a SO ~Seal ; known as W pm~.nia ~arr _~na~ € ' W~l~ieme n~3.e arr , ~ STATE OF FLORIDA ~ cc ~ COi1NTY OF S~. L11C ~ A i vv ' &1 80 ~ Before me ersonally appeared SAIt1uA1 J Barr ~@ 1 ~ ~ arni known as Ir~ilhemenia Barr and Wilhemenie Barr 'fii3 ~~.!'to me well known and known to me to ba Ihe individua4s de:cribed in and _who executed the foregoing inst~ument, and acknowledged before me that -+hey- executed the same for the purposes ~ therein expressed. -~kne~ tk~ teid - wifs-oi- fi~a iail ,~apor?+ ~a~ale-awd-p~ivei~ ezemkreriom byrme-yeicen-seperatc and ~eparr frartrher-seid #~~n~end~dtIR10W~t~CJl~° h1'E1fd~FR~~fC TC }Ft3~ 9I7C T~lLp1L1~'?Otll'IT17f1'1lR1CqF",'~Ttll~'QlO~ MO~VR' N~ti~ane~ t~if~lOtii etry ~eonYpvkienf ton~freiM,-epspK~ewaiw+.~r fesr-o~-er-(rorw i~er s~id i+wWwdr ,;'l ; ~,~•~t ~"~L? da of "'•~C,_Ji~ > WITNESS my hand and officia~ seal thi: y ` t9A~D~ # - ` y'S . i . _ ~ Notary Public in and for ihe Siq~.'! pf Fipl~da at Lntyle : i My Commission expires: " ^'2 , „ ' - ~ Retum To: ~ ~ ~ _ F~~sr Fedenl SaviQgs ~ Loan Association FI L E D A N D R E C Q D E D : ~`'~s ' ' OE,;Fori' A;¢rte. - t . ' 3 Q Q f( N P U B L I C, S T A T E o f-; fIORWA at`lA GB' ~ - ; forl' 4iarFe.:~f~ori~la ~}°~,`i~~i ` OTARY ~4fi~ • • . ~ , ~ . , ~ ~il( CO'd1~11SS10N ~7(PIRE.~~:~~',~+ ' _ - . " _ Z''`-''~ c' ' f` ' • . . = _ . ~ ; = = '66 FEQ y PM 3~ . : ' ` . ~ 1~`~~~~`~ - : : ~ ~ _ ROGEr; F'v'~ ~ CLCRK ` ~ ; - . ~ - ~ ~ . ~ ` ST. LUC1E COUh'TY, ' ~ J i ~ FLORIDA ' ~tl. y . ' • y ~ l. ~VVR~~~ t I ~ 1 ` ~ ~ ~ ~ " .