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Home My WebLink About1603~~x~ 51 P~ ~~y 3. To Rlaca end cunsinuwsly keen on the bulldingt now er hetsaf)sr sirwts on w: I• an on ~ i equipment and personally covered-by this mortg- age, with all premiums thereon paid in full, fire Insurance In tM usual standard policy fo.m, in a sum approved by the MORiC•AGEE, end windstorm Intursnce In the usual standard policy form, in a sum rpprovsd by tM MORIGAGEE, In aKh carnpsny or companies as B:• MORTGAGEE may direct; end all fire and windNOrm inwrsnca pohcin on any of said kwildingt, any Interettiherei.tLor part thereof, in the aggrogate wm •(oreteid or In •xcest tMreof, shall antsin the uwel standard mortgtgs~ claws or such other clause ss the Mortgagee may requ~rs, r.,aking the lea. under said pcli• etas, each and every, payable to told MORTGAGEE as its interest may appear, and each and very wch policy shall be promptly assigned and delivered to any held by uid MORTGAGEE as further security to ssid mortgage debt, and, not late than tan (10) days in advanu of the expiration o} exh policy, to de- livtr to said MORTGAGEE a renewal thereof, together with a receipt for the premium of such renewal; and there shall ba no fare or windstorm insurance placed on any of raid uuildings, any interest tFrerein M part thereof, unless In the form and with the loss paysbls at aforesaid; and in tM event any cum of money becomes payable under tech policy w policies said MORTGAGEE shall have the option to rece(ve and apply the tame on account of the indebted- ness secured herby or to permit raid MORTGAGORS to -Keiw end use It or any part thereof for other purposes, without thereby warvrng or rnpair• Ing any equity, lion or right under or by virtue of thlt mortgagaj end In the event raid MORTGAGORS shall for any reason fail to keep the said premises so insured, w fail to deriver promptly any of said polieles of lnsuranc• to raid MORTGAGEE, a fail promptly to pay fully any premium therefor or in any respect fail to psrfcrm, discharge, execute, effect, complete, comply with and abide by this covenant, or any pert hereof, said MORTGAGEE may place and pay for such Inturanc• or any part thereof without waiving or affecting any option, lien, equity, or right under or by virtue of this Mortgage, end the full amount of each end every such payment abaci be imme<fiately due and payable and shall beer Interest from the date thereof until paid st the rata o} nine per cantvm per annum end together with such interest shall be stcured by the lien of this mortgage. 4. To permit, commit or suffer no waste, impairment or deterioration of said property or any part tF.ereof. S. To pay all and sirtgufer the costs, charges and expenses, including a reasonable attorney's fee and costs of abstracts of tills, incurred or paid at any time by raid MORTGAGEE, bscsuse a in the event of tfis 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 every the stipulations, agreements, conditions, end covenants of raid promissory note and this mortgage any or either, arxf raid costa, charges and expenses, each and every, shall be immediately due and payable; whether a not there be notice de mend, attempt to collect or suit pending; and the full amoufft of each and every such payment shell bear interest from the date thereof until paid at the rate of nine per cantvm per annum; end all said costs, charges and expenses incurred or paid, together with such interest, shell bs secured by the limn of this mortgage. 6. That (a) in tF» event of any breach of this Martgsge or default on the part o4 the MORTGAGOR, or (b) ir, the event any of raid sums o; money herein referred to be not promptly and fully paid within thirty (30) days next after the same severally become due and payable, without demand or notice, ~r (c) In the event each and every the stipulations, agreements, conditions and covenants of said promissory note end this mortgage any or either are not wly, promptly and fully performed, discharged, executed, effected, completed, complied with end abided by, than in either or any such event the said ag- gregate cum mentioned In said promissory rote 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 i- all of the said sums of money were originally stipulated 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 w thereafter !+egun, may be prosecuted as if all moneys secured hereby had matured prior to its institution. 7. T at in the event that et the beginning of or at any time pending any suit upon thin 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 thereof for the appo;ntn,ent of a Receiver, such Court shall forthwith appoint a receiver of raid mortgaged property ell end singular, including all end singular the income, peeress, issues and revenues from whatever source derived, each and every of which, it being expressly understood, is hereby mortgaged as if specifically set forth and described in the granting a,rd habendum clauses hereof, and svrh Receiver shall have all the broad and effective functions and powers in anywise entrusted by a Court to a Receiver, and such appointment shall 6e made by such Court es an admitted equity and a matter of absolute right to raid MORTGAGEE, and without reference to the adequacy or inadequacy of the value of the property mortgaged or to the solvency or insolvency of raid MORTGAGOR or the defendants, and that such rents, profits, income, issuer and revenuer shall be applied by such Receiver according to the lien or equity of said MORTGAGEE and'1he practice of such Court. 8. To duly, promptly and fully perform, discharge, execute, effect, complete, comply with and abide by each and every the stipvlationt, agreements, conditions end covenants in raid promissory note and this mortgage set forth. 9. That in the event the ownership of :he mortgaged premises, or any part thereof, becomes vested in a person other than the MORTGAGOR, the M110RTGAGEE, its successors and assigns, may, without notice to the MORTGAOR, deal with such successor or successor in interest with reference to this mortgage end the debt hereby secured in the same meaner as with Ylortgagor without in any way vitiating or discharging the Mortgagors' liability hPre• under or upon the debt hereby secured. No sale of the premises hereby mortgaged end no forbearance or, the part of the MORTGAGEE or its successors or assigns and no extension of the time for the payment of the debt hereby secured given by the MORTGAGEE or its successors or assigns, shall operate to release, discharge, modify change or effect the origins! liability of the MORTGAGOR herein, either in whole or in part. 10. It is specifically agrees that time it of the essence of this contract and that no waiver of any obligation hereunder or of the obligation se- cured hereby shall at any time thereafter M held to ba a waiver of the terms hereof dr of the instrument secured herby. 11. In addition to the foregoing monthly payments of print-pal and interest required 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 levied or assessed sgainst the above described real estere. B-Premiums 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 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 and payable hereunder and such sum shall thereupon be due and payable on the due date of th- next monthly payment and each successive monrh thereafter until mortgagee shall notify mortaager of a change in such amount. Such sums si,ail be applied by mortgagee toward the payment of teal property taxes, insurance premiums, and mortgage guaranty insurance premiums. IN WITNESS WHEREOF, the said MORTGAGOR has hereunto set hit hand and seal t;,e day and year first aforesaid. v ~-~Sign~ed, Sealed an de Iv in :he presence of: ~~ (Sea I) (Seal) (Seal) STATE OF FLORIDA SS. couNn OF S t Lucie 1 Before ma personally appeared T'Z'i P. jJ HOB mo 4 t A 41~ r~n76*~ and *1! wife, to me will known and known to me to be Iha individuate described in and who executed the foregoing Instrument, end ecknoHledged before me that Sftep executed the same for the purposes therein expressed. Mf sirs •ai~ vrth-of-sha~safd -- oFsor* e• eepe'ate Fwd-9rlwsa sxertt9rnrtion-br-~rr+smaken-seperese-arid apart from-Fte;rseid ftwbend-eckna-+tedgrd`so ~nd~before- me-sfiet• she vxecvted`said fnsfrvmenl-frae~snd-voWrr ferify-end• wi{hsvf say aoatpvkiant <a+ssksirN,-epprehansion, -or her -of- er-4ram bar »id itwbandr WITNESS my hand and official Baal this ~~.~h day of__ ~nVPTI1~eT' A. D. 19_~1~ ttst,rr,~r~,..,, '~,t Cif;!} ~'• Notary Pu in and for a S~f Fbride et large G` ,•'~~es~s~.• 0 r. My Co-mission expiret• 7r, ' ~`/: •' ficalk eraf jSs~rlhgs b loan Asso<Jation l~ ~ y bf Fort Pierce. e --~°~' Furt ~iatce, Florida .~~: .> U"Uy~G •• ~ p '••• ..,..•• ~~~' ~' . C'. '~,, f l.~~ti t ~'' ,.its; - 1~-09a2 fll~.0 AND RQGOROED is~,._ ' ~ itecurG-BOOK 1962 OLO -4 PM 3: 00 R~k~C1E C9U ~~. ErLORI~A n~..~ SS ~ 1' ~~~ .~ : t _~ r t ~-~ . ~, r t. L ;~