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HomeMy WebLinkAbout2183 ~ ~ 3. 7o place and continuously keep on the bui!dings now or hereafter ~~tuate on szid tand and on ali equipment and peraonatly covtred by thi~ mor?g• i-_ ege, with tli premiun~ lhereon paid in fult, (ira insurance in the usu31 standard policy (orm, in a sum approved by the A10RiGAGEE, and ~vindstorm ~ inturonce in the usual s~andard pol~cy form, in a sum approved by the h10RTGAGEE, in su<h compnny or companies as ~he h10RTGAGEE may ~ ditech and all firo and windstorm insurance polic~es on any of said b~ild~nga, ~ny intereai therein or part thereot, in ihe aggreg~te sum aforesaid or ~ (n extesf Ihereof, shall contain the usual s~andard mor~gagee clause or such olher clause a~ Ihe hlortgageo may requlre, making tha loss under said poli- ties, each and every, payable to said A10RTGAGEE as its interest may appear, and each and every such policy shatl ba promptly as~ gned and det~vered ro any held by said h50RTGAGEE as (urther security to said mortga9e debt, and, not less than ten (10) days in advance of the expirat~c+n of each policy, ~o de- liver to said h10RTGAGff a renewal thereof, together with a receipt for the prertiium oi suth ranewal; and there shall be no f~re or windstorm insurance plated on any of said buildings, any interest therein or perl thereof, unless in the form'and with ihe toss payab!e as aforeseid; and in the event any sum of money becomes payable under such poticy or poCcies ~aid A10RTGAGEE sh~ll have the option to receive and apply 1he same on ac<ounl oY ~he indebted- . nass secvred hereby or to perrnit said MORTGAGORS to receive and use i~ or any part thereof for ofhcr purposes, vii~hou~ ih~~ebr .vai~i~~g or unpair- ing any equ~ty, lien or right under or by virtue of this mo:sgage; and in fhe event said h10RiGAGORS shaN for any reason fail to keep the said prem~ses so insured, or fail to deliver p~omptly any of said polrcies of insurance to said MORTGAGEE, or tail promptly to pay f~lly any pre~»ium thcrefor or in any ~e~pect fail 1o perform, discharge, exe<ute, effect, complete, comply with and abide by ?his covenant, or any part hereof, said h1pRTGAGEE may place and pay for such in3urance or any part thereof w~thout watving or affecNng any op?ion, lien, equity, or right under or by vinue of this Mortgage, and the fu!! amount of each and every suth paymem shall be immediately due and payable and shall bear interes~ from the date the~eoi until paid at the ~ate ot nine per centum per annum and together with such interesl shall be setured by the lien of Ihis mprtgage. 4. To permit, commit or suffer no waste, impairment or deterioration of said property ot any part thereof. 5. To pny all and singular the.costs, charges and ezpenses, inctuding.a reasonabte attorney's fee and costs of abs~racts o( t~tle, inturrrd or paid at any time by said MORTGAGfE, becausb or i~ the event of Ihe fa~lure on Ihe part of the said h10RTGAGOR to duly, prompfly anci fvlly perform, d~scharge, execute, efFect, complete, comply w~th and ab:de by each and every the stipulaiions, agreem~nts, condi~ions, and covenants of said promissory note and thi~ mortgage any or either, and sa~d costs, charges and experxes, each and every, shall be immediately due and payab!e; whe~her o~ not thrre be not~ce dr mand, attempt to collect or svit pend:ng; and tha full amo~nt of each and every suth payment shall bear interest from the date thereof until paid al the rate of nine per centum per annum; and all said costs, charges and expenses incurred ar paid, together with such interesl, fha!! be secvred by )he lien of this mortgage. A. That (a) in tha event of any breach of this Mortgage or default on the pari of the MORTGAGOR, or (b) in the e~ent any oF said sums of money herein referred to be no~ promptly and tully paid ~vithin th;rty (30) days nex~ af~er ~he same severally become due and payabte, wilhout demend or notice, or (c) in the eve~t each and every the etipulations, agreements, cond~tions and covennnfs of sa;d promissory ~ote and th~s mortgage any or e~~her are nol ~vly, promptly and futly perFormed, d:scharged, executed, efFecled, co:npleted, complied with rnd ab~ded 5y, then in e~ther or any such event the said ag- 3 grega~e sum mentioned in said promissory note then rema~ning unpaid, with interest accrued, and all moneys secured hereby, ehall become due and pay 1 abte fortl~with, or rherea(ter, at the opt;on of said MORiGAGEE, as fully and co.npleiely as if all of the sa~d sums of money were originally st~pulated i to be paid on such day, anything in said promissory note or in this hlortgage to the contrary notwithstanding; and thereupon or thereafler at the option of s faid MORTGAGEE, without no~ice or demand, suit at taw or in equ~ty, fherefore or thereafter Eegun, may be pfosncuted as if all moneys secured hereby ` had matured prior to its ir.stitution. 7. Thai i~ the event that af the beginning of or at any time pending any suit upon lhis Mortgage, or to foreclose it, or to reform it, or to enforce paymeM oi any claims he~evnder, said h50RTGAGEE shall apply ro the Court having jurfsd~ctie~ thereof for the appo~ntment of a Receiver, such Cour~ shall FortFiwith appoint a receiver of said mortqaged property all and singulat, includ~ng ail and singular the income, profits, issues and revenues from whatever •ource derived, each and every ef which, it being expressly underslood, is hereby mor~gaged as i( specifically set forlh and destribed in the granting and h~bendum tlauses hereof, and such Receiver shali have atl the broad and effective funct~ons and powe~s en anytiv:se entrusted by a Court to a Receiver, and :uch appointment shall be made by such Court as an admitted equity and a matter of absolute right to said MORTGAGEE, and wilhout reterence to the edequaty or inadequacy of the value of the property morlgaged or to the sowency or insotvency`oT said MORTGAGOR or the defendams, and that such ~ roros, profits, income, iss~es and revenues shall be applied by such Receiver accord~ny ro the lien ar equity of said ~~10RTGfiGEE and the practice of such Court. 8. To duly, prompt!y ar.d ful!y perform, discharge, execute, effect, camplete, comply with and abide by each and every the stip~lations, agreemenfs, tonditions and covenants i~ said promissory note and th~s mortgage set forth. ' 9. That in the event the ownershiq, of the mortgaged premises, or any part thereof, becomes vested in a person o~her than the MORTGAGOR, the h10RTGAGEE, its successors and ass~gns, may, without notice to the fNORTGAOR, deal with such successor or successo~ in interest with relerence to this mortgaoe and the debl hereby secured in the same manner as with hlortgago~ wilhoW in any way vitiaiing or distharging the 1.lorrgagors' liability here- under or upon the debt hereby secured. No sale of the premises hereby mortgaged and no forbearante on the part of tl,e IAOR7GAGEE or its successors or assigns and no extension of the time for the paymem of the debt he.eby secured glven by the MORTGAGEE or its successors cr assigns, ~I~all operate Io release, d~scharge, modify change or affect the eriginal liability of the MORTGAGOR herein, either in who!e or in part. 10. It is speufically agreed Ihat time is of the essence of this contract and that no waiver af any abligation hereunder or of !he obligation se- i a,red hereby shali at any tima thereafter be held to be a waiver of the terms hereof or of the instrument secured herby. 11. In add~tion to the forego:ng monthty paym~nts of princ'p~1 and interest required by the prom~s5ory no!e secured hereby, mortgagor covenants ~ and agrees to pay to mortgagee with each monthly payment an add~~ional sum est~mated by mortgagee to be eqval to t j 12 of the annual cost of the follow- i~g: A-A!! real property taxes levied or assessed against thc above described real eslate. 8-Premiums on fire and windstorm insurar.ce as herein ~equ~red to be carried on the improveme~ts situate on the above described premises. C-Premiums on such mertgage guaranty i~surar~ce as mortgagee shall. from time ro time deem fit to carry on the loan secured hereby. hlortgagee shail from time to time notify mortgagor in writing of the am~~nt due and payable hereunder and such sum shall thrrevpon be due and payable on the due date of the next monthfy payment and each successivP month thereafter ur,til mortgagee shall notify morlgagor of a thange in such amount. Such sums shall be applied by mortgagee toward IF.e payment of real p~operty taxes, insvrance prem:ums, and mortgage guaranty insurance premiums. IN V~ITNESS WHEREOF, the said MORTGAGOR has hereunto set his hand and seal the day and year first aforasaid. Si ~e led a deli '~th~ presence of: ~ ~ ~ , 1 ($eal) ~ ~~1 {Seel) ~ r' (Se a I) (5ea~) STATE OF FLORIDA ~ COUNTY QF _ S t. I,U C 12 . ,1 Before me pencnaHy appcared John A, Hu j n s and x8'tY17'~Tl Hu~~ in s his wife, to me well known and known to me to bs the individuals descri6ed in and v~ho executed the foregoing instr~ment, and acknowledged before me that they executed the same for the purposes therein expressed. Artd the :~~d Ka thr~m H Hug~ in Q wife ot the :aid • John A HU P_' ~ 1T1 Q upon a separete and private examinat~an by me taken :eparate and apart from her said husband, acknowledged to and before me thal she execufed said instrument freety an~' volvn- tarily and without any compulsion, constraint, apprehens~on, or fear of or from her said husband. WITNESS my hand and offiual seal this~~~G day Fe.br T'~' A. D. 19' : LL~ ~ .ll~Gt~ , / Notary Public in and for the tate qqqf Florida at large My Comm~ssion expires: ~/~a~/j~ Retum To: /~p Firat federol Savings d. toan Associat;on 1'CT!'F;TF;iri?r, v. rrnn~~r; 2t ~RGE ~ Of fort P~erce. t~Y ~~,•,••-r ~ Fort Pierce, Florida DOrtOEDI. .:`';r. I~&8 . . . it::.JL' ;fi F~,;D 1'~.~ DI_STEl.HORSj , ~ • .r•. '.t:•,.. , t FIL ~1 R RDEO ~ ~ ~ ~ Y ~~~j •~•s ~M AO~K , `4~ _ - -l~ _ , ' ~ 5 - - • . _ ~ , ` ~ JV ~ I .•1 ~ ~ _ 4 ' . , '&6 fE6 !5 PM ? ' 39 ' " : T~ L42~35~~ "~'tj_~~F - _ ~ . . ~ . R K ~ - . . . - ~ ROGER PG! i It~S. CC.E - , - . . ~ OUNTY. ' 4L~ ' ` ~,T. LU C I E C ' j•...' FLORIDA ~ 60ox~~0 r ~ ~ _ _ - . . 31~ ~ l~. !