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Home My WebLink About0478p~. ~r U ~~_ it 3. To place end continuouslyy~epais tl.e buildings now or hereafter situate on said land and r.n ell equipment and personally covered by this mortg• ega, with ell premiums thereon paid in full; fire irwrence ~n the uwal tler.dsrd policy form, in a win approved by the MORTGAGEE, .nd windstorm insurance in th.. usw! standard policy fern, in s tun approved by the MORiGAGE~, In wch company er compenles as Ihs MORTGAGEE may ~,firecr e,~d ail fire and windstorm insurance policies on any of said buildings, any Interest Therein or part thereof, In the agnregate win aforesaid or in excess Cher-of, shell contain the u+val standard mortgages clause or wch other clause as the Mortgagee may require, ruk:ng the lost under said poll- :ies, each and every, payable to said MORTGAGEE es its Interest may appear, and each and every such policy shell be prompny ess.gned and delivered to env held by said MORTGAGE: es further security to said mortgage debt, and, cwt less than ten (1U) days In sc:varxo of the expiration of each policy, to de- lver ro said .MORTGAGEE a renewal thereof, together with a receipt for the premium of such renewal; and there shell be no }ire o+ windstorm Inwran<e prated on any of said buildings, any interost there'n or part thereof, unless rn the form and with the loss psyable as aforesa!d; and 1n the event any win of money becomes payable under such policy or policies said MORTGAGEE shalt have the option to receive and spply the same on account of the Ind~bted- ness tewred hereby or to permit said MURTGAGOP.S t0 receive and use it or any part thereof for other purposes, yr ithout ther,.•by waiving or rmps~r- ing any equity, lien or right vrsder or by virtue of this mortgsge; and in the event said MORTGAGORS shall for any reason fail to keep the said premises so insured, or fail to de'iver pranptiy any of said policies of insurance to said MORTGAGE., or fail promptly to pay fully any premium therefor or in any respect fail to perform, discharge, execute, ef(eH, wmplete, comply with end abide by this covenant, or any part hereof, said MORTGAGEE may place a•~d pay Tor wch insurance or any part thereof with:vt waiving or affecting any option, lien, equity, or right under or by virtue of this Alortgage, and the lull amount of each and ovary such payment shall be immediately due and payable end shall bear interest from the dote (hereof vttii paid at the rs7e of Hire per centum per annum anj toge`;wt with such interest shall be ta<ured by the lien of this mortgage. 4. To permit, commit or suffer no waste, impairment or deterioration of said property or any part thereof. 5. To pay all and singular the costs, charger and expenses, including a reasonable attorney's fee and costs of abstracts of title, Incurred or paid at any time by said MORTGAGEE, because o+ in the avant of the failure on the pert of the said MORTGAGOR to duly, promptly and fully perform, discharge, execute, effect, complete, comply with and abide by each and every the stipuletiom, agreements, conditions, and covenants of said promissory note end th,s -,ortyage any or either, and said costs, charges and expanses,•esch and every, shall be imrnediate!y uve and payable; whether or not there be notice de- mand, attempt to collect or wit pending; and rite fyl! amount of each er,d every such payment shall bear interest from the date thereof until paid at the r„te of nine per eentun Far annum; and all said costs, charges and expenses ~rxwred or paid, together with wch interest, shell ba secured by the lien of this mortgage. ~ , 6. That .,a) in the event or any breac:i of this Mortgage o' dsfaJt! on the pert of the MORTGAGOR, o+ (b) in the event any of raid sums of money herein referred to be not promptly and fully paid within thirty (30) days next after the same severally become due end payable, without demand or notice, or (:) in the event each and every the stipulations, agreements, conditions and covenants of avid promissory note and this mortgage •ny or either are not duly, promptly and fully porfermrd, d.scharged, executed, effected, completed, complied with and abided by, then in either cr any such avant rho said ag gregate sum mentioned in raid promissory note then remaining unpaid, with interest accrued, end all moneys secured hereby, shall beccme due and pay- able forthwith, or thereafter, et the option of said MORTGAGEE, as fully and completely es if all of the said sums of n.,ney were orrginaliy stipulated to be paid on wch day, anything in sg:d promisscry note or in this Mortgage to the contrary notwithstanding; and thereupon or thereafter at the option of said MORTGAGEE, without notice or demand, suit at law or in equity, therefore or thereafter begun, may be prosecuted as if all .-soneyt ucurad hereby had matured poor to iri institution. 7. That in the event that at the beginning of or at any time pending any suit upon shit Mortgage, or to forecloaa it, or to reform it, or to enforce payment of any claims hereunder, said MORTGAGEE shr!I apply to the Court having jurisdiction thereof for the appointment of a Receiver, wch Court shall forthwith appoint a receiver of said mortgaged property all and singular, including ell and singular the income, profits, issuef and revenues from w.`.atever source derived, each and every of which, it being expressly understood, is hereby mortgaged as if specifically set forth and described in the Qran;ing end habendum clauses hereof, and such Receiver shall have all the broad and effective functions and powers in anywise entrusted by a Court to a Receiver, endue s~~ch appointment shalt be made by wch Court as an admitted equity and a matter of absolute right to said MORTGAGEE, and without reference to the- adequacy or inadequacy of the value of the property mortgaged or to the solvency or insolvency or said MORTGAGOR or the defendants, and that wch rents, profits, income, issvos and revenues shell be applied by such Receiver according to the lien or equity of Laid MORTGAGEE end the praUir:e of wch Court. 8. To duly, promptly and fully perform, discharge, execute, affect, complete, comply with end abide by each and every the stipulations, agreements, conditions and covenants in said promissory note and this morti7sge sat forth. 9. That in the event rho ownership of the mortgaged premises, or any pit! thereof, become vested in a person other than the M02TGAGOR, the MORTGAGEE, its wccessors and assigns, may, without notice to the MORIGAOR, deal with wch wccessor or successor in interest with reference to this mortgage and the debt hereby secured in the same manner as with Mortgagor without In any way vitiating or discharging tt•e Mortgagors' liability here- under or upon the debt hereby secure. No sale of the premises hereby coortgagad end no forbearance on the part of the MORTGAGEE or its successors or assigns and nc extension of the time for the payment of the debt hereby setured given by tfre MORTGAGEE or its successors ~r assigns, shall operate to release, discharge, modify change or effect the original liability of the MORTGAGOR herein, either in whole or in part. lU It is specifically agreed that time is of the rssence of this contract and that no waiver of any obligation hereunder or of the obligation se- cured hereby shall et any time +Irereafter be held to be a waiver of the retina hereof or of the instrument secured herby. 11. Ir ;,dditicn to the foregoing monthly payments of prirtc pal and interest required by the promissory note secured hereby, mortgagor covenants and agrees to pay to mortgagee with each monthly payment an adddionel sum estimated by mortgagee to be aqua) to 1/12 of the annual cost of the follow- ing: A--AIL real proprty texas levied or assessed against the above desoibcd real estate. B-Premiums on fire and windstorm insurance as herein required to be carried on the improvements situate on the above described premises. C--Premiums on such mortgage guaranty inwrance as mortgagee shall from time to time deem fit to terry on the loan secured hereby. 6ortgagee shad from time to time notify mortgagor in writing of the amount due and payable hereunder and wch win shall thereupon be due and payable on the dur date of the next monthly payment aid each successive month thereafter until mortgagee shall notify mortgagor of a change in such amount. Such sums shall be applied by mortgagee toward the payment of real property taxes, insurance premiums, and mortgage guaranty insurance premiums. IN :'iITt1ESS WHEREOF, the said MORTGAGOR has hereunto set his hand and sea! the day and year first aforesaid. ~. igned, a ed end livered in the presence of: ~ + (Seep ~k- (Soap (Seal) STATE OF FLORIDA St . Lucie __ i ~' COUNTY OF , Before me personally appeared R B_._ ~itmmF~r~ i ri a~ y i AlT [j i A ~11j.Z1_ -his wife, to me well knovm and known to me to be the individuals described in and who executed the foregoing instrument, srsd acknowledged before me that they executed the tame for tM purxses therein expressed. And the Bald ~sl & $~_SumIri9T'1~T1 - wife of the said H. I3 • SurTTrlerlin urort a tepareta and private examination by me taken separate and apart from her said husband, acknowledged to and before me that she executed said instrument freely end volun- tarily and without any compu!sfon, constraint, apprehens~ or foar of or from her said husband. LL ~~ YyITNE55 my hand and official seal this- ~'~" day of ~ ~ A. D. 19_S2.G._ Notary Public 1n nd for the Stets of Fbride at Largo My Commission expires: Return jo: - Notary Publ;c, Stag o` F:cr c'a ~t LarF:e First federal Savings b loan Association ~ ~ ~~~! `'~. / •• ' ~ Q `• • ' frly Commason cx~ res '13r..`~ 11, i ~i;6 - ' ,~ _ r • • • , Of Fart Piercv. . ~ 1-~ ~~~ Bonded by F;mer~aa Surety Co. at J. Y. , ~ , ~ ' ~ ~ ' Fort Pierce, Florida +s- i~~+ _ ~ . FILER-AND RECORDS ~, ~ ~;:~~ / ~ ~ ~ ~-~f~~ `'" `= r ' ' • .. ' Ky t~ ~ :~ 1502 NOV -0 PM 3: G8 ~ ~ ~ ~ ~~ ~'~~_' ;; :f i .n a4 .~ -,,,,~~i ~ : ~, ,,,. tart t• ROGER POITRd~, CLERK -- ~' ~ ~~~., • ~ !' ~ 't~'~~: :~ _ ' _ • - ~-: ,:. . , , . . • oT. It~CIE CO#1NTY, FLORi~A v ~: s -c . ~- :,,,,,: ''~~" ~ ~ yes _, `~- ---