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Home My WebLink About12940. P: ~ FAt~L)c;~ BOvK 3. To piece end continuously keep en the but:dir,pf r.ow fu'}sertaf`f3t'UtJaf~ dn1Nd Arsd end on all equiprr.ent and penonally covered by chit mortg- age, with ill premiums Thereon paid in full, Firs inwranca in the uwel afen_terd policy form, in a wm approved by the MORTGAGEE, ens wrndstoms inwranca in the uwal standard policy form, in a wm approver: by tM MORTGAGEE, In such company or companros et Iha MORTGAGEE may duect; and all fire and windstorm imurenca policies or. any of raid bvildirpf, any interest t.' stein or part thereof, In the aggregate wm aforesaid or in excess thereof, shall contain the usual ttendard mortgages clause or such other clause at the Mwtgayae may req~irt, mekirsg ihs loss under said po~i- cies, each and every, payable to said MORTGAGE[ of itt interest may sppear, and each end evory such polity (hall Se promptly ass.gnad and deliverer; to any held by said MORTGAGEE at further security to said rnortgege debt, and, not lets than tan (10) days In advance of the expiration of each policy, to de- liver to said A10RTGAGEE a renewal thereof, together with a receipt for the premium of such renewal; and there shell be no fire 'or windstorm Lawrence placed on any of laid buildingf, any interact therein or part thereof, unless in the form and wins the lost payable es eforssaid; and in the even) ar.y sum of money becon,ef payable under such policy or policies said MORTGAGEE shall have the option to receive and spply the same on account of the indebtad- neu secured hereby or to permit said MORTGAGOR[ to receive end use it a any part thereof for other purposes, without thereby wei~ing or unpau- ing any equ~ty, lien or right under w by virtue of this mortgage; end In the event said MORTGAGORS shell For any reawn foil to keep the said premises s~ insured, or fail to deliver promptly any of said policies of inwranca to said MORTGAGEE, or fail promptly to pay fully any premium the•efor or in any respect fail to perform, discharge, execute, effect, compleN, comply with end abide by this covenant, or any part hereof, said MORTGAGEE may place and pay for such insurance or any part thereof without waiving or affectirq any option, lien, equity, or right under or by virtu• of this Mortgage, and the full amount of each and every such payment shall be immediately due and payable end shall beer Interest from the date thereof until paid at the rate o1 nine per centum per annum end together with such interest shall be secured by the lien of this mortgsgs. 4. To permit, commit or suffer no wefte, impairment LY deterioration of raid property or any part thereof. 5. To pay sll and tinguler tF,e costs, charges and expenses, including a reaaoneb!s attorney's fee end cosec of ebatrects of title, ineirred or pad et any lima by said MORTGAGEE, because or in the event of the failure on the pert of the said MORTGAGOR to duly, promptly end fully perform, discharge. execute, effect, complete, comply wish and abide by each and every the ssipulations, agreements, conditions, end covenams of raid promissory note and this mortgage any or either, and said costs, charges std a=penses, each and ovary, shall be Immediately due and payable; whether ur not there be notice dr mend, attempt to collect or fait pending; and the full amount of each and every such payment (hall bear interest from the dots thereof until paid at the rata of nine per centvrn per annum; and all said costs, charges and expenses irscvrred or paid, together with such interest, shall be tacured by the lien of This mortgage. 6. That (a) in the event of any breach of chit Mortgage or default Ors the part of the MORTGAGOR, or (b) in the event any of said sums of money herein referred to be not promptly and fully paid within thirty (30) deyf next alter the lama feveraliy becomes due and payable, without demand or notice, or (c) in the event each and every the }tipulations, agreements, conditions and covenants of said promissory note and thh mortgage any or either are not duly, promptly end fully performed, d~lcharged, executed, effected, completed, compLed with end abided by, then in either or any such went the laid ag gregare sum mentioned in Paid promissory note then remaining unpaid, with interest accrued, end all monayt secured hereby, shall become due and pay able forthwith, cr thereafter, at the option of raid MORTGAGEE, as fully and completely as if all of the raid sums of money were orrg~naily stipulated to be pa~;d on such day, anything in said promissory 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 theresfter begun, may be profecuted as if all moneys secured hereby had matured pnor to its 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 ir, or fo enforce payment of any claims hereur:der, said h10RTGAGEE shall apply to the Court having jurisdiction thereof for the appointment o(a Receiver, such Court shall forthwith appoint a receiver of raid mortgaged property ell and singular, including all and singular the income, profits, issues end revenues from whatever source derived, each and every of which, it being expressly understood, it hereby mortgaged at if tpeci(ically set forth and described in the granting and habendum clauses hereof, and such Receiver shall have all the broad and affective functions and powers in anywise entrusted by a Court to a keceiver, and such appointment shall be made by such C^urt at an admitted equity end a rcatter of absolute right to said MORTGAGEE, end without reference to the adequacy or inadequacy of the value of the property mortgaged or to the solvency or insolvency of said MORTGAGOR or the defendants, end that such rents, profits, income, issues and revenues shall be applied by such Receiver according to the lien or equity of said MORTGAGEE and the practice of such Court. 8. To duly, promptly and fully perform, discharge, execute, effect, complete, comply with end abide by each and every the stipulations, agreements, conditions and covenants in said promissory note and this mortgage let forth. 9. That in the event the ownership of the mortgaged premises, or any pert thereof, becomes vested in a person other than the MORTGAGOR, the MORTGAGEE, its successors and assigns, may, without notice to the A10RTGAOR, deal with such tuccettor or successor in interest with reference to this mortgage and the Jebt hereby cPcurrd in the same manner of with Mortgagor without in any way vitiating of dis.harging the Mortgagori liability here- under or upon the debt hereby secured. No sale of the premises hereby mortgaged and ,.o forbearance on the part of the 1J10RTGAGEE or its successorf or assigns and no extension of the time for ttse payment of the debt hereby saa~red given by the MORTGAGEE or its tvccessort er assigns, shell operate to release, discharge, modify change or affect the original liability of the MORTGAGOR herein, either in whole or in part. 10. It is specifically agreed that time is of the esserce of thin contract and that no waiver of any obligation hereunder or of the obligation se- cured hereby shall at any tirtse thereafter be held to be a waiver of the tarmt ~~rtro( or of the instrument secured herby. 11. In eddaion to the foregoing monthly payments of princ'pal and interest reyuirod by the promissory note secured hereby, mortgagor covenants and agrees to pay to mortgagee with each monthly payment an additional sum estimated by mortgagee to be equal to 1!12 of the annual cost of the follow- ing: A-All real property taxes 1-vied or assessed against the above desuibed real estate. B-Prem~um,s 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 insurance as mortgagee shall frog time to lime deem fit to carry on the loan secured hereby. Mortgagee shall from time to time notify mortgagrr in writing of the amount due and payable hereunder and such sum shall thereupon be due and payable on the due date of the next monthly payment and each successive month thereafter until mortgagee shalt notify mortgagor of a change in such amount. Such sums shall be applied by mortgagee toward the payment of real property taxes, inavrance premiums, end mortgage guaranty insurance premiums. IN WITNESS WHEREOF, the said MORTGAGOR hat hereunto let his hand and seal the day and r fir a e id. Signe sled a lusted in the preunce f: / J ~ al) Seal) (Seal) STATE OF FLORIDA ;t. LTlcie ~ COUNTY OF _ Before me personally appeared B Albert Crardrier and ,,,,~ llada Gardner his wife, to me well known and known to me to be . '~t~e-~-ir>~ividu6h, described in end who executed tM forw2cing instrument, end acknowledged before me flat they executed the same for the purpaaes - lherntA' rxp~ess6d.'•; And tM said N~da C=ardn8 r ~•- ~ wife.gf.t}1p.t5{d ~ Albert C=ardnf3r upon s separate and private - rx+~"rpinatioa Tiy'me ttikEn ieparete and apart from her said hvsbard, acknowledged to end before me that she ex^cvted raid instrument free)y end volun• ~.te"trig end WiMso01 any con,puhion, consveint, apprehanai a fear of a from her told husband. ~~WITOtFSS myhind and official seal thh~~- day of VE3I!1682' A. 0. 19~ s .r N Public Ina for the Stara of Finr{da at Large • • - • • _ Commission axpiret: - _. , - ~ ~•~ Raturo To: i ~ ~~~ Notary Fuh'.r„ Sta'a Gf FtOri~~ .tt ~?,rE' ~~~iri4~~~edarel Savings b Loan Association ~ (`,pfTil11155+OT1 Ex~.T~S ~10TGd )9, -~~~,• of Fort Pierce. AND RECORDED aondEa bey Ameucass.Sure.y Co of N. Fort Piarca. Florida Fl~E~ aool\ ~• .. ' 1962 NOV ~$ AM I I' 45 _ ~ ~.-`~1~ F=^ ~~ ~Y_ • PO,TRASt CLERK - R~G C,E COUNT(, FLORIDA, - ~ ~ . /~ •.~. , ' ::. ,~-' ~ _. ~. . - ~ _ __ j --c' \ --- ~~ ~ ,- .,~ R~~