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Home My WebLink About2756~o~K ~~ f~~69~ 3. To place and continuowly keep on the buildings no:: or hereafter situats on said land end on all equipment and personally covered by this mortg- age, with all premiums thereon paid in full, fire insurance in the usual standard policy form, In a sum approved by the MORTGAGEE, end windstorm insurance in the usual standard policy fort.., in a sum approved by the MORTGAGEE, in wch company or companies as the MORTGAGEE may direct; and all fire end windstorm insurance policits on any of said buildings, any interest therein or pert theroof, In the aggregate sum aforesaid or in excrss thereof, shall contain the usual standard mortgagee clause w such other clause as the Mortgagee may require, making the loss under said poli- cies, each and every, payable to said MORTGAGEE as iIS interes? may appear, and each and every such policy shsll be promptly ass.gned end delivered to any held by said MORTGAGEE es further security to said mortgage debt, sad, not less then ten (10) days in sdvance of tht expiration o1 each policy, to do- liver to said h10RTGAGEE a renewal thertof, together with a receipt (or the premium of such renewal; and there shall be no fire or windstorm Insurance placrd on any of said build~ngs, any interest therein or part thereof, unless in the form and with the Ic:s payable as aforesaid; end in the event any turn of money becomes oayable under such policy or policies said MORTGAGEE shall have tSe option to receivr end apply the same on account of the indebted- ness secured hereby or to permit said MORTGAGORS to receivr end use it or any part thertof for other purposes, without ihertby waiving or impair- ing any equity, lira or right under or by virtue of this mortgage; end in the event said h10RTGAGORS shall for any reason fail to keep the said eremites so Inwred, or fail to deliver promptly any of said policiet of insurance to said MORTGAGEE, or fail promptly to pay fully any premium therefor or in any respect fail fo perform, discharge, execute, effect, complete, comply with and abide by this covenant, or any part hereof, said MORTGAGEE may place ar,d pay for such insurance 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 e:ld every such payment shall be immediately due and payable and shall bear interest from the date thereof until paid at the rate of nine per czntum per annum and together with such interest shall be tecvred by the lien of this mortgage. I. To permit, commit or suffer no waste, impairmc-nt or deterioration of said property or any part thereof. 5. To pay all and singular the costs, charges and expenses, including a reasenabie attorney's fee and costs of abstracts of title, incurred or paid at any time by said hORTGAGEE, because or in the event of the failure on the part of the said MORTGAGOR to duly, promptly and fully perform, discharge, execute, effect, complete, comply with and abide by each and every the stipulations, agreements, conditions, er.d covenants of said promissory note and this n,orrgage any or either, and said costs, charges and expenses, each and every, shall be immediately due and payable; whether or not there ba notice do- mend, attempt to collect or suit pending; and the full e:nount of each and every wch payment shall beer interest from the date thereof until paid at the r:,re of nine per centu:n per annum; and all said costs, charges and expenses iruurred or paid, together with such interest, thall be tecvred 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 (b) in the event any of said sums of money , herein rtferred to be not promptly and fully paid within thirty (30) days next after the same severally become due end payable, without demand or notice, or (c) in tht event each end every the stipulations, agreements, conditions and covenants of said promissory note and this mortgage any or either are not duly, promptly and fully performed, d,scharged, executed, effected, completer), compl;ed with and abided by, then in either or any such event the said ag- gregate svrn mentioned in said promissory note then remaining unpaid, with interest accrued, and all moneys secured hereby, shall become due and pay- able forthwith, or u>>reafter, at the option of said MORTGAGEE, es fully end completely es if ell of the said wms of money were originally uipvlated to be p.+: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 h10RTGAGEE, without notice or demand, suit at law or i~t equity, therefore or thereafter begun, may be prosecuted as if all moneys secured hereby had matured error 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 it, or to enforce payment of any claims hereunder, said h10RTGAGEE 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 tll and singular, including all and singular the income, profits, Issuts 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 and habendum clauses hereof, and such Receiver shall have all the broad and Effective (unctions and powers in anywise entrusted by a Court to a Receiver, and such appointment shah be made by such Court as an admitted equity and a mat?er of absolute right to said MORTGAGEE, and 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, and 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, ,o.^.dit+ons and covenants in said promissory note and this mortgage set forth. 9. That its the event the ownership of the mortgaged premises, or any part thereof, becomes vested in a person other than the i+nviciGAGOR, the h10RTGAGEE, its svcce:sors and 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 Mortgag^rs' liability I-,ero- under or upon the debt hereby secured. No sale of the premises hereby mortgaged and no forbearance on the part of the MORTGAGEE or its successors or assigns and no extension of the 'ime for the payment of the debt hereby secured given by lire MORTGAGEE or its successors or assigns, shall 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 essence of this contract and that no waiver of any obligation hereunder or of the obligation to- cured hereby shall at any time thereafter be held to Se a viaiver of the terms hereof or of the instrument secured herby. 11. In add~t;on to the foregoing monthly payments of princ'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 112 of the annual cost of the follow- ing: -. A-All real property taxes levied or assessed against the above -!ascribed real estate. B-Premiums on fire and winds?orm insurance as herein renu:red to be wrrizd 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. r,~ortgagee shall from time to time notify mortgagor in writing of the amount due and payable hereunder and wch sum shall thereupon be due and payable en the due date of the next monthly payment and each successive month thereafter until mortgagee shat: notify mortgagor of a change in such a:.,ount. Suci, sums shall be applied by mortgagee toward the payment of real property taxes, insurance premiums, and mortgage yvaranty insurance premiums. IN WITrJESS `NFIEREOF, the said MORTGAGOR has hereunto set his hand and seal the day and yea first afores ' Sig ed~Sea d and del' re t the resence of: ,' .+_J s> Seal) -~~ -ct/ y ,tom ~ ~ ~ Seal) ~o ~ ---- In Off; co As And Con~ituting he _:oar i5eel) of r!'rustees, C:i•URCH 0? !'r0 STATE OF FLORIDA ~ ~ COUNTY OF __ Jt • L11C i e f e s ' p,g and :Tifton Llo -d, J.°- Fate Y'illiams, and 1r7. B i-ia_Mmond ~ Befpr Ana g.±r~onelly re r ' , It , , - , r COnSL~ LUti~nP L~iC -- - 7Cs7i,$iQ( to me well known end known to ma to be the ndividuals de;t{;hSd tn'~d therein express }I;tl'~7[8C."{ird w7ie}CdEJrl~i: ~Xd{ aC texe~ute5~ tls~ ~q(eyoiny ~tnN~~+t-nh erLdrU sYverdy~d•befors me that they executed the same for the purposes WITNESS my hand and official seal this Ur! ~~- day o :i_~ X560 Return 70: First Federal Savings 6 Loan AssociatlOii , Uf Fort Pierce. Fort Pierce, Florida •,~ , w.u...:, .. ••: - ~ • y t. ``~~p . ~ '•~•' 4~ r-~) e .. J _, .. ?.~ FEED AND RECOROEO ~ ~' BOOK 1961 t~EC 26 AM 10:15 ST.~IUCIE COUH~r FLOREpA Notary Public in and for the State of My Commission expires: Notary Dublic, State of lloridit at large My Commission Expires March 10, 19b5 {os6sd Iy Mariu9 f{rtt d CeswSy ~ Q~~ A. D, 19 ~~ .._..-~-• r-~- .:'~::,fit 7A~~'. Y- .` rr Qrta~ ~a trfr~~scs~iaN~``~~" . / - _