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Home My WebLink About0885t BU.;+K ~~ f~A~~~ ~~ 3. To placo end continvuual~ korp 47: ttttP^bu}!Jings now or Mnafsp aiweh on said !end and cn all sauipms'st end Qeno+xily covered by this m«ty age, with ail premiums thereon paid in Q?firs ~rsiu>On shtTu+~is) t-tar*latd cwiity form, fr. + -n:m aQpruvad by tM MORTGAGEE, arrJ win;Ja,orns Insurencr in the usual starsrJard polity form, )n a ~rh 1pp' fSY AM1 /tapRTGAG`•E, In ouch wrnpany ur ccn,parrioa as the N•ORTri~.C='.E may direct; and all fire and windstorm inrurarxe polh:es on any of said bull~inga, any Inrorast ihorain or part thsrto`, in the aggrayTate cam afar9said or in excess thereof, spell centsin the wval standard m«tgsgN elaaw or such otMr claesr a• the !!'.ortgaget may require, ma-inq tM 'cse under said poli- ties, each and evory, payable tv paid MORTGAGEE ss it- inserraf may sppear, and oath end twry rush policy shalt ba prompt;y assgrrtd end delivered to eny herd by raid MORfGAvtE as further security to aaid mertq+ge debt, and, n01 le-s tMn tin (1Q) days In advance of tM expiraYon of each policy. to de- liver to seid MCRTGAGEE a renaxal thueof, together with a rtceipt for the p:emiuns of such rMew-1: and tMra shall b4 no fire or windstorm in-siranu placed on any of seid 6uildbigs, any inhrett therein or pert thereof, unless In the form end with tM Iwt ptya~le as eforeaaldr and in rM event any sum ' of nwney betomt: pSyablo under wch pulley or policies aaid MORTGAL'rEE shell Mve tM option to receive end apply the samt on account of tM indebted- ness secured hereby or to permit Bald .'itORTGAGORS to reeeiw and use k or shy pert thereof for other purposes, without then-i~r waiving or +^+pair- ing eny equity, lien or right under w by ilrtuTof th:a mortgagee a+id In Ilse event pid MORTGAGORS aM11 for arty toecap fall to keep tM said premises eo inwrad, or fail ro deliver promp'iy eny of a +d policies of inaunnce to said MORTGAGEE, or fait promptly to pay fully any premium therefor or In eny rrajxct foil to part«m, discharge, execute, ef~a, comphta, comply with end abide by this covenant, «eny part hereof, seid 6ORTGAGEE may place end pay for such inavrancs or any part t~4eroo( rrfthout waiving or efistting any option, lien, equity, or right under or by view of this Mortgage, and the lull amount of each end evory-such paymcnt shall be immcdiataly due end payable and shall -xar interoat from tM deft 1Mrsof until paid at the rah t1 nine per cenrum per annur,~nd regtfher with such intrrast shall (>6 seepred by the lien of this m«tgsge. 4. To permit, commit or auffsy no waste, impafrn:ent N deftriorstion of aaid property or any part tfureof. , 5. Te pay ell and rtrsguler the costs, cha• es end expenaea,'hsduc:ing a reasonable rttorney'a fsa and cosh of abatrada of titre, Incurred or paid at any time by said MORTGAGEE, betavse or In th~ ovens of the far.ure on tM part of cha raid MORTGAGOR to duly, promptly and fully perform; duchargs, execute, effect, templets, comply with and abide by each end eery the „tipvlationt, agreements, conditions, and covenants o1 sold promissory note and this ' mortgage any or either, and said cwts, cfsarges and expenses, rich and wary, sMll M immtdiataly due and payable; whether « not there ba nctice dr mend, attempt to collect « suit pendirsq; art.`s t+N full amoum of tech ancf every such payment ahaii bear interest from she date tMrwf until paid at tM rare of nine per cenrum par annum; and all said cban, charger end_expenasa incurred a paid, togtthtr with wch interns, shah be secured by the liar tf shit m«igegs. ~. 6. That (a) in the event of any breach of th!s M«tgege a defat711 on rise part of tM MORTGAGOR, w (b) in 1M event any of asid sums of money herein referred to bo not promptly and fully paid within thirty (30; Days next after the same savarelly become due end payebtt, without demand or rwtice, or (c) in the avem oath end every the atipulationt, agreer.tenh, conditions and cownanh of aaid promissory recta and thin mortgage any or either are not iuly, promptly end fully performed, discharged, executed, af4eded, completed, complied with and abided 5y, then in eitfser M any sctih avant the .said aq• gregate aum mentioned in said promissory noh tMn remaining unpaid, with Interest actrved, and atl moneys arcured hereby, shall become due and pap able forthwith, or thereafter, at the option of said MORTGAGEE, as fully and cor++plete{y os if all of the aaid sums of money were «~ginally ttipulared to be paid on such day, anything in said promissory note or In this Mortgage to the contrary notwirhntendingr end tMreupon or thereafter at the option of seid MORTGAGEE, without notice or demand, cult at law or in equity, thtrefore of thereafter begun, may be prosecuted as if elf moneys fecured Mreby had matured prior to stn inrtitwion. - 7. That in the event that et the bsginnirsg of or at any time psndi~~g eny avit upon This Mortgage, or to foreclose It, or to reform it, o• to onforce payment of any claims hereurxier, seid MORTGAGEE shell apply to the Court having iurisdiaion thereof {or the appointment of a Receive:, s~Kh Court ahaii forthwith appoint a receiver of seid mortgaged property, all end singular, ltscludmg all and tlrsular the income, profits, towel and ravenvea from whatever source derived, cash and every of which, it being expressly understood, it Mrsby mortgsged sr if specifically set forth and described in the granting and habendvnv clauses hereof, and such Receiver shall hove all the broad end effoctive functions and powsra in anywise sniruate_' 6y a Court to a Receiver, end ouch eppointmer~t shall be made by ouch Court at sn admitted equity and a matter of ebrolute right to raid MORTGAGEE, and without reference to cha adequacy « inadequacy of rise value of the property mortgaged or to the ~otvency a inwlvency of said MORTGAGOR or the defendants, and that such taros, profits, income, loon end revenues ahaii be applied by such Receiver eceordinq to tM lien ar equliy of said MORTGAGEE end the practice of cacti Court. b. To duly, promptly and fully perform, dischsrge, execute, affect, complete, comply with and sbids by oath and every the atipulatior.t, agreemanta, conditions and covansnts in raid promissory note and this mortgage set forth. 9. That in the event the ownership of tM mortgaged premises, or any part thereof, becomes veattd In a person other than its MORTGAGOR, the MORTGAGEE, Ns wcceison and ensigns, may, without notice to the MORTGAOR, deal with such wccsasa or ss,ctassa in interest with refercnce to thta mortgage and the debt hereby secured in the rams manner es with Mortgsgor without in any way vitiating or 1,rscharging the Mortgagors' liability Mre- under or upon cha debt hereby secured. No sole of its pramires hereby mertgeged and no forbearance on tM pert of the MORTGAGEE or its successors or assigns and no extension of the time for tM payment of the debt hereby secured given by fM MORTGAGEE or its succtas«t a aatigna, shall operate to release, discharge, modify change or affect cha original liability of the MORTGAGOR herein, eitMr In whole or ;n pert. I0. it is specifically agreed that time is of the essen:a of this contract end that no waiver of any obligation herwnder er of the obligation sa- tvred Mrsby shall at any tins theresfter be held to be a waiver of tM terms hereof or of tM instrument +ecurrd herby. c - ~ l t. In addition to cha foregoing monthly paymentn of print'pal and tnhnst required by the promissory note secured Mreby,-mortgagor covenants ahd agrees to pay to mortgegeo with each monthly payment an additional sum estimated by mortgagee to be equal to 112 of the annual cost of the follow- ing: A-All real property faxes levied or assessed against the above describcd real estate. B-Premiums on fire and windstorm inwrance as hereir. required to be cried on the imprevtments aitvete on the above deacrifxd premises. C-Premiums on such mortgage guaranty inwrance ss mortgagor shall from time to time deem fit to carry on the loan secured hereby. /Aortgagee shall from time to time rwtify mortgagor in writing of tM amount dirt end payable fierevndar end such rum shall thereupon be due end payable on the due date of the next monthly payment an+{ each wccesstve month thereafter urtii mortgagee shad notify mortgeg« of a change in such amount. Such sums shall be applied by mortgagee toward tM payment of reel property sexes, insurance premivats, and mortgage guaranty inturence premiums. - IN WITNESS WrfEREOF, itse said MORTGAGOR hat hereunto lei lslt hand and teal the day and veer first afore id.A ' reed, Sealed and daliv din the presence of: ' / `!' 4~ _(Scel) . (Seaq -(Sea:) STATE OF fIORIDA C ~ , COUNTY OF S t Lueie ` (;~~ . ~rn q end Before me personally appeared rrr~»W ~ ~,s_.~.Z.~f~ _____ his .vile, to me well known and known to me to Ee M~.::.....~------ _ _ _ the individuals described in and who executed 1M foreggirq instrumtnl, and acknowledged btfote me that they executed tM same for tM purposes M~r~,er>gt L. ~~ns _ therein expressed. And the said ~- y.a _ upon, a tlsparife~'tfnd private wife of tM raid `_------------~1 examination by me taken atpareta end sport from her raid husband, acknowledged ro and Fief«e me that cha sxecutsd seid Inatruint{it ifk4i~,i-nff volur tartly and with«.rt any compulsbn, eorafraint. apprtfse+'»ion, o< fear of a from Fier rr~+pd huaS•avtd. - ,~~•;.°'~~~~~ ,' 7,~th day of ~Ny*7eDlbea~t' ~'..~ A fl: ib.~_ WITNESS my hand and officiet sea! this -`. ~ '. ,.. !. _- _ t 'I ~i Tj p rL u AIOt Pvbik nand for s Stai~'fif:Flo~ida°'tts'~,Tlpt~ , _ My mmiaaton expires: ~. '; .~~i1 !I jj 1, ~ ~ Return Toe _' ~ ~ fl,QtiiiB itf ~ ~ -~ ,•'~ V tint federal Savings 6 Locn As-aciation ~ i)C•iiE~' ~tlb~tc, 51d~fT 0 ~,.,:.... •' . •, '~~ ~ Of fort Pierto. ~~ - ti~A~ Commtssicn ~xp;rfs fit. ~, } .t ,•~ fvadid 1Y Amsriuf Fi+ fi Gay Got r ~,: fort Pierce, Florida ~JI{~ .~ - - - rn~ ; .~~~ A ~~ v~ ~ t1 t. - i ~~ ' ''rrrRfrf;irl:::r ~ ~~~ t ;~ - - 4 -- -s - .t :' ~ . _~