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Home My WebLink About0768Y "t ns~r Uir~n tiV f!1UC t 3. To place and coni'nu~usly keep on the buildings now or hereafter situate o~ wid land and on all equipment and personally covered by this mortg• age, with all premiums thereon paid In full, fire tnsuranca En the usual standard policy form, In a sum a;.proved by the MORTG.GEE, and wir.c,storm Insurance in the usual standard p^licy form, in a sum approved by the A10RTGAGEE, in such company or compen.s- a the MORTGAGEE n•ay direct; and all fire rnd windstorm In-urenca policies on any of said bvildirsgL any interest therein or part thereof, In the aggregate sum aforesaid or In exceu thereof, shall contain the s,wal standard mortgages clau-a or wch other clause as +~~ Mortgages may require, meklrtg the low under said Fvli- cies, each and every, payebla to said MORTGAGEE at its Interest may appear, end each rnd every such policy shall be promptly assigned and delivzrzd to any held by said MORTGAGEE as further security to slid mo•tgags debt, arftf, not le» than ten (10~ days in advance of the expiration of each policy, to do- liver to sold MrJRTGAGr_E a renewei thereof, together with a receipt for the premium of such renewal; and there shall ba no fire or windstorm insurance placed on any of said buildings, any interest therein or part thereof, unless in the form end with cite loss payebla as aforesaid; and {n the event any sun, of money becomes payable under such policy or policies said MOPTGAGEE shall have-the option to receivQ end apply the tams on account of the Indabtzd• Hess secured hereby or to permit said MORTGAGORS to receive and use it a any pert thereof for other purposes, witheit tSr~eb/ waivrng or unpair Ing any equity, lien or right under or by virtue of this mortgagor end In the event wid MORTGAGORS shall for any raawn fail to keep the said premises so insured, or fail to del?ver promptly any of said policies of insurance to said MORTGAGEE, or foil promptly to pay fully any premium therefor or in arty respect fail to perform, discharge, txetub, effect, complete, comply with and abide by this covenant, er any part hereof, said MORTGAGEE may place and pay for such Insurar,ca or any pert thereof without waiving or affecting any optbn, lien, equrty, or right under or by virtue of this Mortgage, end the full amount of each and every such payment shall be immediately due and payable and shall bear interest from the data thereof until paid at the rage of nine per centum per annum and together with such interest shell bQ secured by the lien of this mortgage. 4. To permit, commit or suffer no waste, Impairment or deterioratio+-of said property or any part thereof. 5. To pay all and singular the costs, charges and expenses, ircivding a reasonable attorney's fee and costs of abstracts of title, incurred or paid at any time by said MORTGAGEE, because or in the event of the failure on the part of the raid MORTGAGOR to duly, promptly and fully perform, discharge, execute, effect, complete, comply with end abide by each end ovary the stipulations, agreements, conditions, and covenants of said promissory note and this mortgage any or either, and said costs, charges and expenses, each end every, shall bs immediately due and payable; whether or not there be notice de- mand, attempt to collect or tuft pending; and the full amount of each and ovary such payment shall boar interest from the date thereof until paid at the rar_ of nine per centum per annum; and all said costs, charges and expenses incurred or paid, together with such interest, shall bs secured by the lien of this mortgage. 6. That (a) in the event of any b: each of this Mortgage or default on the pert of the MORTGAGOR, or (b) in the event any of said sums of money herein referred to be rot promptly and `.oily paid within thirty (30) days next after the same severally become due and payable, without demand or notice, or (c) in the avant each and every the stipulations, agreements, conditions and covenants of said promissory Hots and this mortgage any cr either are not duly, promptly and fully performed, discharged, executed, effected, completed, complied with end abided by,~then in either or any such event the said ag• gregate sum mentioned in said promissory rwte then remaining unpaid, with interest accrued, and all moneys secured hereby, shall become due and pay- able forthwith, or thereafter, at the option of said MORTGAGEE, as fully and completely as if all of the said sums of money were origrnelly stipulated to be paid on such day, anything in said promissory note or in this Mortgtge to the contrary notwithstanding; and thereupon or thereafter et the option of said MORTGAGEE, without notice or demand, suit at law or in e~ity, therefore or thereafter begun, may be prosecuted as if all moneys secured hereby had matured prior to itf institution. 7. That 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 claims hereunder, said MORTGAGEE shall apply to the Court having jvrisdichon thereof for the appc:nhnent of a Receiver, such Court shall Forthwith appoint a receiver of said mortgaged property ell and singular, including all and sing•~lar the income, profits, issues and revenues from •.vhatever source derived, each and every of which, it being expressly understood, is hereby mortgaged as if specifically set forth and described in the 9rantrng and habendum clauses hereof, end such Receiver shall have ail the broad and effective functions and powers in anywise entrusted by a Court to a Receiver, and such tppointment shall be made by such Court as an admitted equity and a matter of absolute right to said MORTGAGEE, and wrrhout reference to the rdequacy or inadequacy of the valve of the property mortgaged or ro the solvency or insolvency of said MORTGAGOR or the defendants, and that such rents, profits, income, issues and revenues shall be applied by such Receiver according to the lien or egy`ty o~ said MORTGAGEE and the practice of such Court. . 8. To duly, promptly and fully perform, discharge, execute, effect, con}elcte, comply with and abide by each and every the stipulations, agreements, conditions and covenants in said promissory note and Chit mortgage set Perth. 9. Thar in the event the ownership of the mortgaged premises, or any part thereof, becomes vested in a person other than the MORTGAGOR, the h10RTGAGEE, its successors end assigns, may, without notice to the MORTGAOR, deal ~ with such successor or successor in interest with reference to this mortgage and the debt hereby secured in the same marine: as with Mortgagdr without in any way vitiating or dischrrging the 1.lortgegors' liability here- under or upon the debt hereby secured. No sale of the premises hereby mortgaged and no forbearance on the part of the MORTGAGEE or rrs successors or assigns and no extension of the time for the payment of the debt hereby secured given by the MORTGAGEE or its successors o. assigns, shall operate to release, discharge, modify change or affect the original liability of the MORTGAGOR herein, either in whole or in part. 10. It is s~ecificaliy agreed that time is of the essence of tfris contract end that no waiver of any obligation hereunder or of the obligation so- cured hereby shall at any time thereaiter be held to be a waiver of the terms hereof or of the instrument secured herby. 11. In add!ricn ro the foregoing monthly payments of princ'pal and interc-st required by the promhsory note secured hereby, mortgagor covenants and agrees to pay to mortgagee with each monthly payment an additional sum estimated by mortgagee to Ix equal to lj 12 of the annual cost of the foi;ow- ing: A-Ail real property taxes levied or assessed against the above described tea! estate. 8-Premiums on fire ar.d windstorm insurance as herein required to be carried on the Improvements s,tuate on the above described prerrJSes. C-Premiums on such mortgage guaranty insurance es mortgas^e shall from time to time deem fit to tarry on the loan secured hereby. Mortgagee s!:a'I from time to time notify mortgagor in writing of the amount due and payable hereunder and such sum shall thereupon be due and payable on the due dare of the next monthly payment and each suaessiva month thereafter ur,ril mortgagee shall notify mortgago: of a change rn such a•nor~nt. Such sums shall be applied by mortgagee toward the payment of real property taxes, insurance premiums, and mortgage guaranty insurance p•emivms. IN `.11?NESS \YHER~OF, the said MORTGAGOR has hereunto set his hand and seal the day end year first afore:/aid. Sjgned Sealed a d deliv~¢d in th presence cf: ~(~, ~ ~ C ~ ,~ L ~, ~ ~ ~ _J (Seal) _ v ~ _ eel) ~ (Seal) T --- ~ (Seel) STATE OF fIORIDA 7 •,,,,~.r,.•tt~::...~ 1 ~ ~ L~ r,,r; _` COUNTY OF St T uP i ca ) ~•,y ~ ~•~ ~ m_ .. ti; , •. ..and. Before ma personally appeared ~ -. ' . _ (`nri 4tP~~~ 7tTr2'P his wife, to me well known jntflka~v~nCt~J~ td be the individuals described in and who executed the foregoing instrument, and acknowledged before me that they executed tf7+! s~m~~p~ th$•purpgses Christf3' 1 R ?d T~r~: ' ~r `- ~ therein expressed. And the said r -' wife of the said _ r UPyh~'P s~WrMeQno- oyiv)t~.' examination by me taken separate end apart from her caid husband, acknowledged to and before me that she executed said fiutcurtierlt freely a ~tYwoisirr• O .+ rarity and without any compulsion, constraint, apprehension, or fear of or from her said husband. ~•~~ • • LSth day of ~' •A`ff' 19_ti~. WITNESS my hams and official seal this- ~ ••••• r No!ary Public in and fyyl ~ '~~~~'~i~#fn ~e sv. ~ 1 ~b5 n My Commission expire~~~ 5y Arnsrican Surety Co. of N. Y. ~ Return To: ~~ ~°` ~" First Federal Savings L. loan Ar.-ociation FILED AND RECORDED OF Fort Pierce. T~ {( Fort Pierce, Florida IN, _~/~~~Uoo11 . •~'~ ~• •- 196('2 N01~ 15~~PM 3: 05 r`..: ,•~~ ~~•~~ ~ •~~ - ROGER POITRAS. CIERK _=~~ . ~ ~~ ST. LUCiE COUNTY, FLORIDA ~ / _ ~ ,. 1, _~ • - -