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Home My WebLink About0562~fliin~ ~V ff,~~l~~ 3. To olacE end rontinunusly keep on the buildings now ur herea`.ter .iruats on raid isnJ end cn all equipment end personaay cova+ed by shit mortg- age, with atl premiurm th::rew. paid in full, fire insurance in the vtual standard p„Iky fain, In a sun approved ny the h10R`GAGEE, end .v~ndsronn inswance in the usual standard policy form, In a cum spprwad by the MORTGAGEE, In such companj or comper.ies at the MORTGAGES may Direct; end all firs end windNOrn, Inwrance policiat on any of seid buildings. any Interest therm or pert Ihereo(. in the aggregate wm aforesaid or in excess thr. eof, shall contain the uwa! standard mwtgsyee clsuse or sQah end roach end reveryMvch apol cy shalle be rprompaygess gneds end deHverrd to ties, each and every, payable to seid MORTGAGEE at its interest msy app any held by said MORTGAGEE as further security to raid mor(9sge debt, and, no::e.r thin tan (10) deye In advents of the expiration of each policy, to de- liver to sail MORTGAGEE a renewal thereof, together wilh s receipt for the premium of wch renewal; and there shall be ra firs or windstorm in:uronce placed on eny of said E,uildings, ary interest therein or pert thereof, unless in the form and with the loss payable at eforisaid; aid in the event any wm of money becomes pa treble under such pulley or policies raid MORTGAGEE shall hove the option to receive end apply The tame on account of the indebted- ness secured hereby or ro permit said MORTGAGORS to receive and use It or any pert thereof for other purposes, without th_ri•b; v:a~,r rn a r~rpa~r• Ing any equity, lien or right under ar by virtue of this mortgage; end in the event said MORTGAGORS stiall for any reason foil to keep the said premises so imvred, or fail to deliver promptly any of fold policies of insurance to seid MORTGAGEE, or fail promptly to pay fully any premium therefor or in any respect fail to puform, diuhar e, execute, effect, corttpleta, comply with and abide by this covenant, or any pert hereof, t mid MORTGAGEE may place a-~d g pay for wch inwrance Qr any part !hereof without waiwnq or •ffactinq any option, Iltn, equity, or right under or by virtue of this hortgage, an t E full amount of Each aid every such payment shall be irnmedia:e!y due end peyeblo and shall beer interest from the date thereof until paid at the rate of nine per centum per annum +nd together with such interest shell be secured by the lien ~f chit mortgage. 4. To permit, commit or tuffer no waste, impairment or's'.eterioretion of seid property or any pert thereof. 5. To pay all end sinclylar the costs, charges and expenaet, including a reasonable attorney's fee and costs of abstracts of title, incurred or paid at any time by said h50RTGAGEE, Ixcause or in the eveYtt of the failure on the part of the said MORTGAGOR to duly, promptly end fully perform, d~scharga, execute, effect, complete, comply wrth and abide by each and every tM stipulations, agreements, conditions, and covenants of raid promissory note end fhb mortgage any or either, and seid costs, charger and expanses, each end every, shall ba immediately due end payable; whether or rot there be notice dr mend, attempt to colitct or tuft pending; and the full amount of each and every such payment shall bear Interest from t)te date thereof until paid at the rate of nine per centum per annum; and all raid costs, charger and expanses incurred w paid, together with tuck interest, that! be secured by the lien of this mortgage. 6. That (a) in the event of eny breach of thin Mortgage or dataLit on the part of the MORTGAGOR, or (b) in the event any of said sums o money herein referred to be not promptly and fully paid within thirty (30) days next otter the same rc~eretly become due and payable, wit)rout demand or notice, or (c) in the event each and every the atipuletions, agreements, conditions and covenants of said promissory note and this mortgage any or either ere not duly, promptly and fully performed, dachsrged, executed, effected, cunpleted, con+Plied with and abided by, then in~eithe• or any wch event the raid erg gregate su.m mentioned in said promissory note than remaining unpaid, with interest atcrued, and all moneys secured hereby, shall become due and pay- able forthwith, or thc!¢after, et the option of said MORTGAGEE, as fully and completely es if all of the said sums of money were orrginally ttipr~lated to be p+tid on such day, anything in seid promissory note of in thin Mortgage to the contrary notwithrtsrding; and thereupon or thereafter et the option of said MORTGAGEE, without notice or demand, suit at law or in equity, therefore a thereafter begun, may bt prosecuted as if all moneys secured hereby had matured prior to its institution. 7. That in the event that at the beginning of or at any Lima pending any suit upon this Mortgage, or to fc•eclose it, or to reform it. or to enforce payment of any claims hereunder, said MORTGAGEE obeli apply to the Court having jurisdiction thereof for the appointment of a Receiver, such ~~urt shall forthwith appoint a receiver of said mortgaged property all and singular, including all and singular the income, profits, issues end revenues from vrhatever source de•ived, each and every of which, it being expressly understood, is hereby mortgaged at if rpecificaily set forth end described in the granting and habendum clauses hereof, and such Receiver shat! have all the broad and effective functions and powers in anywise entrusted by a Court w e ne~errer, o~~..° such appointment shall ba mac,c by such Court as an admitted equity and a matter of absolute right to raid MORTGAGEE, and without reference to the adequacy or inadequacy of the value of the property mortgaged or to the solvency or insolvency o` said MORTGAGOR or the defendants, a~td that such rents, profits, income, issues and revenues shall be applied by such Receiver according to the lien or equity of said MORTGAGEE end the practico of ouch Court. B. To duly, promptly and fully perform, discharge, execute, effect, complete, comply with and abide by each and every the .tipulations, agreemen s, conditions and covenants in raid promissory note and chit mortgage set forth. 9. That in the event the ownership of the mortgaged premises, or any part thereof, becomes vested in a person other Char. ttte MORTGAGOR, the MORTGAGEE, its successors and assigns, may, without notice to the MORTGAOR, deal with tuck successor or successor in interest with reference to thin mortgage and the debt hereby secured in the same manner err with Mortgagor without in any way vitiating or discharging the Aiortgagors' liability here- under or upon the debt hereby secured. No tale of the premises hereby mortgaged and no forbearsnce on the pert of the MORTGAGEE or its successors or assions and no extension of the time for the payment of the debt hereby secured given by Tire MORTGAGEE or its successors or assigns, shall operate to release, discharge, modify change or affect the origins! liability of the MORTGAGOR herein, either in whole or In part. 10. It is specifically agreed that ;ime it of the essence of this contract and that no waiver of any obligation hereunder or of the obligation se- rured hereby shall et any time thereafter be held to Ix a waiver of the terms hereof or of the instrument secured herby. ll. (n addition to the foregoing monthly payments of ~rinc-pal and interest required by the promissory note secured hereby, mortgagor covenants and agrees to pay to mortgagee with each monthly payment an additional cum estimated by mortgagee fo ba equal to i/12 of the annual cost of the folicx- ing: A-All re>I property taxes levied o: assessed against lire above datcrib:d reef estate. , B- Premiums on fire and windstorm insurance as herein required to be carried on the im~ro~setents situate on the above descrbed premises. C-Prerniumt on such mortgage guaranty insurance es mortgagee shall from time to time deep, fit to carry on the loan secured hereby. Mortgagee shall from time to time notify mortgagor in writing of the amount due ar.d payable hereunder and such sum shall thereupon be dus and payable on the due date of the I ed tbmmo tyapeerlowa d dtheapaymentrof eealo p opertya ttaxet,nti wrern9eg preen ums,otandmmortgayeoguarantyg insurance amount. Such sums shall be app' y 9 9 premiums. ItJ YJITNESS WHEREOF, the said MORTGAGOR has hereunto set hit hand and seal the day and year first aforesaid. r d, led artd d ivered in pr a of: {Seal) !Seal) - h.Pr c;>ean rJfav~nn» ~ X 1 R . Mr. l`.t71dR (Sean mark ' STATE OF FLORIDA ~ ~ COUNTY OF -~'-+--~uC i"P and Before me personalty appeared ~~ his :-: ife, to me well known end known to me to ba the individ~uel~i d:rvibed In and who execuMath~fOarOe~otnA ~ sttufns~ttOert~ ackrawledgad before ma that they executed the same for the purposes therein expressed. And the ref T O~~$ a t; Om j~ upon a separate and private wife of the raid ;~ end Ixfero me that she executed seid instrument freely end volurr examination by me taken wperate and apart from her said bur a~ d, ecknowledgcd cosily a+-,d ~;thovt any compulsion, constraint, apprehsnri ~~fear of a frtxn her s~ tba^d• / '~ ~ lII ~"'~ de of_ / ` sst.,• .tom .:,,,, WITNESS my hand and official teat this y .---~ _ _ ~ ~ yC rye( .f:.; Notary Public In srsd for :M Stag of~f{ottj .slt~lat~a' My Commicricn exp r ~~~ary Public, „tafII't~ 4+,•~jda at CaY Return Tot My Cammissign-fX~j es`NbtQ3; l~i Bonded byAihet~c~lta7Suratx t+vf~- y- _r Firs! Federal Savings ~ Loan Association ~* ~ ~ ~ ~ C! ; _ Of Fort Pierce. ~~-'lJ~:~~ _ )'~• ~ ~ .~ Foci Pierco, Florida J~. - •1 1,~, .~..~ _ ~7lED AND R~CDRDED ~~.,,~~~...4,~` ,,: fF : t~ ,. '...:' ~ ~"~; -. «_flf~iripl Ra~inrr~ ~~oK ` •'"~rJU:,,tttttt . . ! v / _~ !t •--_ - J - - ~~,. ~~ 1961 t~V _g PM ~: 2S ROGER POlTRASa CIERK st. ~uc~c co4rrrr, f~oR~oA. . ~w~~ -~ r`~ , ~ i _______-- -. -_- r. 4