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Home My WebLink About1509O.R. 51 f~.<<145 BO~K 3. To place and cortfimwusly keep on tht buildings now or Mreafter -ltvete on ~e~Jtland and on all equipr,.aM and personally covored by this mortg- age, with all premiums thereon paid In full, fin !nscranu in the usual stardard policy hn, in a sum approved by the MORTGAGEE, and windstorm insurance In the usual standard policy form, In a sum approved by the MORTGAGEE, in sue!: company or companies es the MORTGAGE- may direct; and all fire and windstorm iruunnce policies on any of acid bvildinga, any interest therein er part thereof, in the aggregate sum aforesaid or In exceu thereof, shall contelR the vwal sundard matgagea clause or wch other clause as the Ma:tgagre may require, making the loss under said poli- cies, each and ovary, payable ro said fORTGAGEE as ih interest may appear, and each and every wch policy shall be pronptly est gned end del;vered to any bald by sold MORTGAGEE p further security to said mortgage debt, and, nQt !eu then tan (10) days In advance of the expiration of each policy, to de• liver to said MORTGAGEE a rentwal thereof, together with a receipt for the premium of wch renewal; and there shall ba no fire or windstorm insurance placed on any of sold buildings, any intorest therein or part thereof, unless In the form and with the loss payeble as aforesaid; and in the event arty sum of money becomes payable under such po!Icy o+ polities Bald MORTGAGEE shall have the option to receive end apply the some on account of the indebted- ness secured hereby er to permit sold MORTGAGORS to receive and use It or er,y part thereof for other purposes, without char. br waiving o• ~:npai.- ing any equity, lien or right under of by virtue of this morigeget and in the event said MORTGAGORS shall for any reason fail to keep the said prerniset to insured, or fail to deliver promptly any of raid polities of intursnte to said MORTGAGEE, or fail promptly to pay fully any premium therefor or in any respect foil to perform, discharge, execute, effect, complete, comply with end abide by this covenant, or any part hereof, said MORTGAGEE may place e~•o pay for such insurencs or any part thereof without waiving or affecting any option, Ilea, equity, or right under or by virtue of this Mortgage, and tht full amount of each end every Bath payment shail'be immediately due and payeble and shall bear interest from the data thereof until paid at the rate of nine per centum per annum end together with such interest shell be secured by the lien of this mortgage. 1. To permit, commit or suffer no waste, impairment or deterioration of said property or any part thereof, 5. To pay ail end singutsr tfte torts, charges and expenses, including a reasonabia attorney's fee and cosh of abstracts of title, incurred or paid et any time by said MORTGAGEE, because or in ihs event of the failure on ihs port of the said MORTGAGOR to duly, promptly and fatly perform, d~scharga. execute, effect, complete, comply with and abide by each and every the stipulations, agreements, conditions, and covenants of said promissory note and this mortgage any or either, and said costs, charges end expenses, each and every, shall ba immediately duo end payeble; whether o: not there be notice de- mand, attempt to collect or suit pending; end the full amount of each and every such payment shall bear interest from the date thereof until paid at the r-.aa of Wino per centum per annum; and all said costs, charges and expenses incurred or paid, together with such interest, shell ba secured by the lien of this mortgage. 6. That (a) in the event of any breach of this Mortgage or default on the part of the MORTGAGOR, or (h) io the event any of said sums of money herein reftrred to be not promptly and fully paid within thirty .30) days noxt after the same severally become due end payable, without demand or notice, or (c) in the event each and every the stipulations, agreements, conditions and covenants of said promissory note and This mortgage any or either ere not duly, promptly and fully performed, d:tcharged, executed, effected, completed, complied with and abided by, then in either or any such event the said ag- gregate sum mentioned in said promissory note then remaining unpaid, with interest accrued, and all moneys rotated hereby, shall become due and pay able forthwith, or thereafter, at the option of raid MORTGAGEE, as fully erd completely es if all of the said Burns of money were originally stipv;ated to be paid 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 thereafter begun, may be prosecuted es if all moneys secured hereby had matured paw to its institution. 7, That in the event that et 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 jurisdiction (hereof for the appointment of a Receiver, such Court shall forthwith >+ppoint a receiver of said mortgaged property all and singular, including all and singular the income, profits, issues and revenues from whatever tovrce derived, each and every of which, it being expressly understood, is hereby mortgaged as if specifically set forth and described in the granting and habendum clauses hereof, and such Receiver shall have ell the broad and effective functions end powers in e~tywise entrusteG by a Court to a Receiver, and such appointment shall be made by such Court as en admitted equity and a matter of aLsolute right to said MORTGAGEE, and without reference to the adequacy or inadequacy of the valve of the property mortgaged or to the solvency or insolventy of said MORTGAGOR or the defendants, and that tuck rents, ;arofits, 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 and abide by each and every the stipulations, agreements, conditions and covenants in said promissory note and this mortgage set forth. 9. That in the event the ownership of the mortgaged premises, or any par• thereof, becomes vested in a person other than the h50RTGAGOR, the MORTGAGEE, its successors and atsignt, may, without notice to the MORTGAOR, deal with such tuccetsor or successor in interest with reference to this mortgage and the debt hereby secured in the same manner as with Mortgago: without in any v.ay vitiating or discharging the Mortgagors' liabi'ity here- under or upon the debt hereby secured. No sale of the premises hereby mortgaged and no sorb-arance on the part of the MORTGAGEE or its successors or assigns and no extension of the time (or the payment of the debt hereby secured given by the ?.10RTGAGEE or ris successors or ast~gns, shall operate to release, discharge, modify thanes 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 essence of this contract and that no waiver of any obligation hereunder or of the obligation te- cured hereby shall at any time thereafter be held to be a waiver of the terms hereof or of the instrument secured herby. ll. In addition to the foregoing monthly payments of print'pal and interest required by oho 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 112 of the annual cost of tie follow- ing: A-All real property taxer levied or assessed agzinst the above described real estate. ' B--Premiums on fire and windstorm insurance es herein required to be carried on the improvements situate on the above described premises. C--Premiums on such mortgage guaranty insurance as mortgagee shall from time to time deem fit to tarry on the loan secured hereby. Mortgagee shall from time to time notify mortgagor in writing of the amount due and payable hereunder and :uch sum shall thereupon be due and l~ayab'e on the due date of the next monthly payment and each successive month iherea(ter until mortgagee shall notify mortgagor of a change in such :neJni. Such sums shad be applied by mortgagee toward the payment of real property tares, insurance premiums, and mortgage guaranty insurance premiums. IN ~'~ITNESS WHEPEOF, the said MORTGAGOR has •hereunto set his hand and seal the day and year first aforesaid. Si d, 5. d an d I Bred in the presence of: ~ ` A r7'~~~ ~ .Seal) ~ ~.d~'w~h ~l Y Q~~~„(/~ (Seal) (Seal) _ (Seal) STATE OF FLORIDA St. Lucie SS. CJUNTY Of kr. A'!. Vicker3 and Before me personally appeared Anna Bell V i e rCe r s his wife, to me well known and known to me to be the individuals described in and who executed the foregoing instrument, erd acknowledged before me that they executed the same for the purposes therein expressed. And .he said Anna Bell ~Iiekers _ wife of the said We Me Vickers upon a separate and private examination by me taken separate and apart from her said husband, acknowledged to and before ms that she executed said instrument freely and volun- tarily and without any compulsion, constraint, apprehension/, or fear of or from her said husband. ~ECE.~~E~ A. D. T9 v i" WITNESS my hand and official seal this ~ ~1` day of -i-~.~ ~ f - ~~'` tit\1t31lfttltt~~/• . ,• .~ ~ ,......, T • fj{E~ p: ' ~w ` ~ first federal SitU•r~t S loan Association ~~OT n R kSf ,F9rt Trerct, ~qtt Pferoe, f~orida r` _ ,• ~D~ 11.ljSt FILED ANJ RECORDED INO~fi ia( Record BOOK 1962 DEC -3 A~ I I : 57 try F~blic in and for the State of Florida at Largo Commission expires: Notary Public, State of fiorida at Larpe Rty Commission Expires April 24, 1965 , Bonded by Amer Cap Surety Co. o! N. Y. ROGER POITRAS, CLERK ST. LUCIE COUNTY, FLORID ~/ ..., ,... ., ,. ~ , .....: :~_rf~,t~ - - ,.`, c .t ,