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Home My WebLink About1885G. R. dn~sJ1 e.~SEJ~f 3. To p!acs and continuously keep on its[ bulidings narr.o+ Mnafter aitwN on saW tared trsd on all equipment and personally roverad by this mortg- age, with all premlurM tMrson paid In full, Fln lnawarscs k, ifs[ wort antdard policy form, in a win approved by tM MORTGAGEE, and windstorm Inwrante In the wual stusdard polity form, M a earn approved by /M. MORTGAGEE, _ M suds company or corsspaniw rt tf,e MORTGAGEE may direct; arnl all fin and windsrorm irsscxanes polities on any of acid buPdirtpr,, any Tntarut tfse:e!n Npart therraf, in tM aggreyr': cum aforesaid or In •xca~s tMrecd, aheli cpnUtn tfse uwal standard mostgagss clasrsi a such other cwee M tM Mortgsgee may reavin, making else loo under said pol4- ciy, rich arA~ wsry, payable ro saki MORTGAGEE q Its Mterest rney appear, s~.d each a.~d svsry each poli,r shall bc• promptly assigned erd delivered to eny held by sold h10RTGAGEE ~s fur`fser t»curity to sold rtsortgeae debt, acad. cwt Ise +han tars (10) days to advarsu of the expiration of each policy, to de- liver to ;eM MCRTGAGEE s retsewaf thereof, topettsa with a receipt iw ihs premium of such nrsewal; and thins [hell b++-rw fin or windstorm insurance placed on any of aid bvlidinps, any interest therein a pare ttssreof, unless In tM form end with ties loss payable as aforesaid; and in IM event any sum of money becomes payable under such policy or polrNsa w{d MORTGAGEE atoll Mva ties option to recely and apply the ss.ne on account of the Indebted- nett secured Mrsby or to permit raid MORTGAGORS tp receive and ssse It or any put thereof for other purposes, without thereby waiving or impair- ing any srgviry, lien or right ur+der or by virtue of t!sk mortgags7 and in tM event said MORTGAGORS shall for any rseson fall to keep tM raid premises so insured, or fail ro deliver promptly any of aid policies of inturanta to said MORTGAGEE, w fail promptly to pay fully any, premium therefor or In any respect fall to perform, dischuge, •xscute, •ffecL corrsplete, comply with end abide }Zy this covenant, or any port hereof, seid MORTGAGEE may place end pay for such Insurance or any pert thereof without walvinq or affecting eny option, lien, equity, or right under a by virtue of this Mortgage, and the full amount of oath and every such paymen2.sha11 bs immediately due and paytbla end shall bear Interest from the dart thereof until paid at the rate of Wino per centum per`annum end together with such interest shall be secured by the lien of this rnortgege. A. To permit, CommN o- suffer no waste, impairment or deterioration of Bald property a eny part tMreof. S. To pay •!I and s!rsguler tM coats, charges end expenses, including a reasonable attorney's fee end costs of abstracts of title, incurred or paid at any limo by wid MORTGAGEE, bscsuss a in tM awns of tM failure on the part of tM said MORTGAGOR ro duly, promptly and fully perform, diuharga. execute, effect, cornpleN, comply with end abide by each and every the stipulations, agreements, conditiezt, and mvenants of said promissory note end th;s mortgage any or either, end said cosh, chugs end sxperass, each aril awry; siali be immsdianly due and payable-, whether or not there be notice de mend, attempt to collect or suit pending; and the full amount of each and every such payment shall boar interest from tFse date thereof until paid at the tees of nine pot centum per annum; and all said costs, charges end expanses irscvrred or paid, together with such interest, shall be secured by the lien of this m.xtgage. 6. That (a) in the event of any breach of this Mortgage or default on flee part of the MORTGAGOR, or (b) in the event any of said sums of money herein referred to be not promptly end fully paid within thirty (30) days next after the soma severally become due and payable, without demand or notice, or (c) In 'he event each and every the stipulations, agreements, conditions and covenants of said promissory note and this mort~aQ• any or either era cwt ivly, promptly and fully performed, discMrged, exeeute:d, sifected. Completed, complied with and sblded by_ than in either or eny such event the said ag gregete turn mentioned in said promissory note than remaining unpaid, with interest accrued, end all moneys secured hereby, shall become due and pay- able forthwith, or tfxreaftar, at the option of said MORTGAGEE, as fully end completely es if ell of the se(d sums of money were originally stipulated to be p+id on such day, enythirsg in said promt-sory note or in this Mortgage To th> Contrary notwithstanding; end thereupon or thereafter st the option of said MORTGAGE[, without notice or demand, suit •t law or to equity, therefore or thereafter begun, may be prosecuted as if all moneys secured hereby had matured prig to its Instirutitm. 7. That In the event that at the beglnn?ng of a et any lima pending any suit upon this Mortgage, or to foreclose it, or to reform -it, or to enforce payment of any claims hereunder, aid MORTGAGEE shall apply to the Court having jurisdiction thereof for the appointment of a Receiver, such Court shall forthwith appoint a receiver of said mortgaged property all and singular, including all end singular the income, profits, issues and revenues from whatever wars[ derived, each and every of which, it being expressly understood, it hereby mortgaged as if specifically set forth and described in the granting and habendum clauses hereof, and such Receiver shall have all the broad end effective functions and powers in anywise entrusted by a Court to a Receiver, and such appointment ahali be made by such Court as an admitted equity and • matter of absolute right to said MORTGAGEE, and without reference to the adequacy or Inadequacy of tie value of rho property mortgaged or to the solvency or insolvency of said u0.°.tr_.eGGR or the defendants, and that such rents, profits, income, issues and revenues shall be applied by such Receiver according to the lien or equity of seid MORTGAGEE and the practice of such Court. 8. To duly, promptly and fully perform, discharge, execute, effect, complete, comply with and [bids by each and every the stipulations, agreements, conditions and covenants in said promissory note and this mortgage set forth. 9. That in the avant the ownership of the mortgaged premises, or any pert thereof, becomes vested in a perwr. other than the MORTGAGOR, the MORTGAGEE, its tuccessort arse assigns, may, without notice to the MORTGAOR, deal with such successor or successor 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 MortgaQori liability here- under or upon the debt hereby socured. No sale of the premises hereby mortgaged aid no iorbearence on the pan of the MORTGAGEE or its successors or essipns end nc extension of the time for the payment of the debt hereby secured given by ttv /.1CP.TGAG>:E or its successors or assigns, shall operate to release, discharge, modify change or efface the original liability of the MORTGAGOR herein, either in whole or in pert. 10. It is tpatifically agreed that time is of the essence of this contrett and that_nv waiver of any obligation hereunder or of the obligation se- cured hereby theft ct any time thereafter be held to be a waiver of the terms hereof or of the instrument secured herby. 11. In addition to the foregoing monthly payments of princ pal and interest required by the promiswry note secured hereby, mortgagor covenants and agrees to pay to mortgagee with each monthly payment an additional cum estimated by mortgagee to be equal fo 1 % 12 of the annual cost of the follow- ing: • A-All reef property taxes levied or assessed against the above described real carets. 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 fo carry on the loan secured hereby. Mortgagee shall from time to time notify mortgagor in writing .:: 'he amount due and p*yeble hereunder and wch win shall thereupon be due and payable on the due date of the next monthly payment and each succrssive month thereafter until mortgagee shall noti`•; :mortgagor of a change in svcii amount. Such sums shall be applied by mortgagee toward the payment of real property faxes, insurance premiums, end mortgage guaranty insurance premiums. IN WITNESS WHE~EOF, the said MORTGAGOR het hereunro set his hand and seal the and year first of seid. gig , :ae+lad d deli ed n s presence of: ~ - (Seal) (Se a I) (Seal) (Seal) STATE OF FLORIDA Saint Lucie ~ COUNTY OF Before ma personally apps e~ sJ088~r'_ COT`$O .and MBf~OZ'80 his wife, to me well known and known to me to be the Individuals deauibed in end who executed the foregoing instrument, end aMcknowl/~ed before :ns that Choy sxacuted the same for the purposes therein expressed. And the told •-sn, oaT~(s~OI' 8 O wife of the said JOS@T?h F• 042'80 -- upon s separate and private examination by ms taken teparste end apart from her said husband, acknowledged to and before tree that she executed seid instrument freely and velar. racily and without any Compulsion, conahaint, apprehension, ear of or front her ssW husband. L.~ WITNESg my hand and officio! seal this ~~ day of Norf3 be ~ A. D. 19_S2.Gt_ ~i ~? p~~ ~~.Fe Notary Publi: in end for the gt UO IttLf f~g~ ~ g~t3, 1905 My Commission e:cpireHpl2~mt~~10;;_ O~LI~•T r9i N. Y, Return 70: MY S •... ' First Fadenl Savings i3 Loan Association ~ • v O Of Fort Pierce. ~ ~~, s7 ~''~ Q ~'~+; i ~' Fort Pierce, Florida ^~'""• • r - . _ d '~r;q • w f l ~,•. 1~ ~} ,L p A +V 1 \~~~ J!, ~ ~U~T `T~ v • !~v ~ ' ._ ~~ ~ l: ,St '~•:1 t~ ':?~' ~~V ., nett ' f.. ( ~ ~ ~~ ~~~ B~DK r.. :,~ ., ~ .~~r~`~ .r, _ r' ` ~ `'' 1961 DEC:-1~~4 PM Yr F'r't ~G .~ . .~_ _ h ---- ' '~ (~, ~~ fir',.. '; 5~~~;~t;,,;,;~_ aOt~R'pOtiRAS; CLERK ST. LUCIE COUNt'fa FLORIDA ~ ~~ ~