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Home My WebLink About1497°~ R, 51 F~cE 13~ BO^K 3. To place end continuousl; F.oep art :he bulldfrKN now or twnafter ahuatr on told Isnd ar•,d at all equipment and psno,rsay covered by thin mortg- age, with all prem;•~ms thereon paid In full. f(n Onwrance in the viarl stsndard poligr form, in a sum apQrovod by tfm MORTGAGEE, and win,fatonn Inaurartce In tM ua•al standard policy lam, In a arm approved by the MORTt.;AGEE, In wch company or tompaniaU as tfs6 MORTGAGEE may diracq and all tiro and windstomme insuronce poi:ciea on any of said buiidinga, any intsntt therein or non thereof, in tls aggregate cum eforauio or in excsu thereof, shall contain tM uwal standard mortgagee dauss a such otMr clause as the Mortgages may requrrs, making the lost under said po1F des, each and every, payable ro old MORTGAGEE as its InNreat may appesr, and sash and every wch policy shall M promptly sa:gned and delivered to any held by ssid MORTGAGEE u furthir security to said matgsge debt, ard, not Ices than ten (10) days in advance of the expiration of each policy, to ds- liver to said MORTGAGEE a renewal thereof, together with a receipt for the lxemium of wch rertewalr and there shall ba no fire or windstorm insurance placed as any of uid bulldirtgs, any Interest therein a, part cheroot:, unlsu In the form and with the loss payable as aforesaid; and in the event eny cum of money txcomes payable under such policy a policisrt said MORTGAGEE shall have the option to receive end apply the soma on account of the indebted• nett secwed hereby a to permit uid MORTGAGORS t0 receive and use It a eny pert thereof for other purposes, without therrbr waiving or rn•pec- Ing eny equity, Iisn a right under or by virtue of thh mortgagor and in the event uid MORTGAGORS shalt fa any reason fail to keep the said premises so insured, or (al! to deliver promptly any of raid policies of insurance to said MORTGAGEE, a fail promptly to pay fully any premium therefor or in any respect fall to perform, discharge, execute, effect, complete, comply with anu abide by this covenant, or any Dart hereof, s..rd MORTGAGEE may place and pay for such irsurencs or any part thereof witha~t waiving a affMing any. option, lien: equity, or right under a by virtue of this Mortgage, end the full amount of each and every such payment sMll be immediately due end payable and shall beer interact from the data thereof until paid at the rate of nine per centum per annum end together with sutfi interest shall be secured by the lien of this mortgage. 4. To permit, commit a wffsr no wsste, impairment a deterioratFon of said property w any part thereof. S. To pay all and singular the costa, charges end szpenses, including a reasonable artorney'a fee end costs of abstracts of title, incurred or paid at any time by raid MORTGAGEE, because a in the event of the failure ors the part of the acid MORTGAGOR to duly, promptly and fully perform, discharge. execute, effect, complete, comply with and abide by each erd every the stipulations, agreements, conditions, end cover.anta o} said promissory note and this matgegs eny or either, and said Costa, charges and expenses, each and every, shall be• immediately due and payable; whether or not there be notice d> mend, attempt to collect or suit pending; end the full amount of each and every such payment shell beu interest f•om the dots thereof until paid at the ra!•~ of nine per centum per annum; and all said costa, charges and expanses irscvrred or paid, together with such Interest, shall be secured by the lien of Chit mortgage. 6. That (a) in the event of any breach of thin Mortgage or default on the pert of the MORTGAGOR, w (b) in the event any of said )ums of money herein referred to ba not promptly end fully paid within thirty (30) days next after the same severally become due and payable, without demand or notice, or (c) In the event each and every the stipulations, agreements, condittons and covenants of raid promisaory note and this mortgage any or either are not iuly, promptly and tuil~ performed, d~cch.•ged, executed, effected, completed, complied with and abidtd by, then in either er any such event the said eg gregate wm mentioned in uid promissory nits then remaining unpaid, with intsreN ecuved, and all moneys secured hereby, shall become due end psy- abie forthwith, or thereafter, at the option of said MO".iGAGEE, as fully end completely as if all of the said sums of money were originally anpulated to be paid on such day, snything In raid promissory note or in this Mortgage to the contrary notwithstanding; and thereupon a thereafter at the option of said MORTGAGEE, without notice or demand, suit at law or in equity, therefore a thereafter begun, may be prosecuted es if all moneys secured hereby had matured prior to its institution. 7. That in the evert that at the beginning of or at any time pending any suit upon this Mortgage, or to foreclose ir, or to reform it, or to enforce payment of any claims hereunder, said MORTGAGEE shall apply to the Court having jurisdiction thereof for the appointment of a Receiver, such Court shall forthwith aF~oint a receiver of laic, mortgaged property all and singular, Includ;ng all and singular the Income, profits, issues end revenues from whatever source derived, each and every of which, it being ezpretaly understood, is hereby mortgaged ec if specifically set forth and described in the granting and habendum clauses hereof, and such Receiver shall have ell the broad and effective functions and powers in anywise entrusted by a Court to a Receiver, and such appointment shall be made by such Court as an admitted equity and a matter o} absolute right to said MORTGAGEE, and without reference to the adequacy or inadequacy of the value of the property mortgaged or to the solvency a insolvency of said MORTGAGOR or the defendants, and that such rents, profits, income, issues and revenues shall be sppliad 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, affect, complete, comply with end abide by each and every the stipulations, agreements, conditions and covenaroa in said promissory emote and this mortgage set forth. 9. That in •he evem the ownership of the mortgaged promises, or any pert thereof. becomes vested in a person other than the MORTGAGOR, the MORTGAGEE, its successors and assigns, may, without notice to the MORTGAOR, deal with such successor or fuccessor 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 the Mortgagori liability hart under or upon the debt hereby secured. No sale of the premises hereby mortgaged and no forbearance on the par± of the MORTGAGEE or its successors or essigna end no extension of the time for the payment of the debt hereby secured given by the MORTGAGEE or its successors or ai:igns, shall operate to release, discharge, modify change or effect the original liability of the MORTGAGOR herein, either in whole or in part. 10. It is specifically agreed that time Is of the essence of this contract and that no waiver of any obligation F.ereunder or of the obligation se- cured hereby shall et any time thereafter ba held to be z .. _..er of the terms hereof or of the instrument secured herby. I1. In addition to the foregoing rnonthly payments of prinCpal and interest required by the prom saory note secured hereby, mortgagor covenants and agrees to pay to mortgagee with each monthly payr»ent an eddi:iontl sum estimated by mortgagee to be equal to 1 i 12 of the annual cost of the follow- ing: A-All real property taxes levied or assessed against the above described real estate. e-Premivina on fire and windstorm insurance as herein required to be carried on the improvements situate on the above described premises. C-Premiums on such morlgege guaranty insurance as mortgagee shall from time to time deem fit to carry on the loan secured. hereby. Mortgagee shall from time to time notify mortgagor in writing of the amount due end 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 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, end mortgage guaranty insurance premiums. IN WITNESS WHEREOF, the said A50RTGAGOR has hereunto set his hand end teal the day and year first aforesaid. nor Sealed nd del' red in he presence of: (Seal) (Seal) (Seal) (Seal) STATE OF FLORIDA 55. COUNTY OF ~ t Luc i e Batas me personally appeared Donald J Wi7.lerts and sTQan ''7i1~ ems -hit wife, to ma well known and known to me to be the individuals desvibed in end who executed the foregoing instrument, and eckrwwledged before me chat they executed the same for rho purposes therein expreaed. And the said Joan C Willema wife of the said Donald J. `_lillems upon ~•sbeg'p~~f rid private examir.atton by me taken separate and apart from het said husband, acknowledged to and before me that she executed said (natnirp,Fn~tlreb~t~wolun- tartly end without any compulsion, constrsint, apprehension fear of or from her d husband. :~ ~0 ~~. ' ••. •. ~ '' WITNESS my hand end official seal thi• ~ -day of ~~yy ~ vt, ~ ~ R ? ' t t, J Notary Public in end for the Sute of Fb at Large (' c My Commission oxpir~btary Public, STpte of F~io~s~jf~ ~t far Relvrn To: My COmtnf~ioTl' plc ices I\{r~/. 3r' 1 Firtt Federal Savings b Loen Association QQ BOrsiltrd by AtTyF,rit~0y(0ty, Cv~Of r~i Of Fort Pierce. ~~OVt~~ ~~~{rr `~ ~'~17`v,: - Fort Pierce, Florida ~ ~ A REtJ DED f r,'" - ,.,I~.,,,:.;;r s N or BOOK . '.. Ih ttictal `,`'~ ` ~~;;;:~~•~~~ ,~ 19b1 DEC -3 AM II: 56 ._, ; _ ' ~. [ems J . .:; ~ ~ ' ~~ ROGER POI?RAS, CLERK S1. LUCIE COUNtY, FLORIDI~ ~`'' C,, ,-