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Home My WebLink About0837 3. Tu ploce and cor,ti:;ucus!y keep an th? bu~!d~ngs now or hereafter situate o~ sa~d land and on ait equip;nem and persona!~y covared by this rr+ortg- age, with all prom~~ma :hereon pa~d ir fuil, fire insuranca ~n the vsval standa~d ~olicy form, in a sum approved by the MC~R~tiAGEE, and winditorrn insurence in the usual atandard pollcy form, in a sum appro~ed by the MORTGAGEE, in such company or compan~es as ihe MORTGAGEE may dircth and all f~r.a and windstorm ins~•'ance poGcies on any of seid b~ild~ngs, any interest therein or part therzof, in the aggregate a~m aforesaid or In trxcess thereof, shall ~ontain the uwcl st~ndard mortgagee clause or euch othsr clause as thu Mortgeg>c may requ~re, making the loss ~nde~ ~a~d po~i• cies, each and every, payable to said MOkTGAGEE a~ ~ts intere~t may appear, an;i each and every such poi~cy sha!I be promprly ass gned and da~ivered to any held by sa~.: MORii,AGEE as f~rther security to said mortga9e debt, and, not less than !en (!0) days in advance of the exp~rat~on of each pollcy, to de- liver to aaid MORTGAGEE a renewal thereof, together wiih a receipt tor the premium of wch ren^wal; and there shafl be no (~re or wi~idsto~m inswanca placed on ~ny of seid b~ildings, any interest thertin or pnrl thereof, un!ess in ~he form and with 1he loss payable as aforesaid; an~+ in the event any sum of money brcome~ peyable under such pniicy or poGcies said MORTGAGEc shall have the opt~on ro rea=~ve a~d apply the same on account of rhe indebied- neSS Setu~e~ heraby Or to permi! said MORTGAGORS to rztzive and use it or any part ihereof 'tor eti::-r i;ur,.osrs. v,:ti~oot th~r~u; .va~~~~J c~ u~,P.:,'- ing any equity, lien or r;ght under or by virtue ot this mo:'gage; and in the event sa~d MORTGRGORS shall for any teaeon fail t~ keep the said premis~~7 so insured, or fail ta deliver promptly any of said po~~cies of insurance to said MORTGAGEE, or faii prompNy to pay fu~(y any pre~niurn thcrefo~ or in a~~y resped feil to perform, discharge, exetute, tEfett, completa, tomply with and ab~de by this tovenant, or any part hrreof, said MGRTGAGEE may p~ace a~~ci pay for such in~urance or any part thereof without weiving or aff~~ting eny option, lien, equ~ty, or ric~ht under nr by v~rtue of this Mortgage, and rhe futl amount of ea~h and every suth payr.ient ~hall be ~mmediately dua and payable and shall bear interest from tha date thereof until poid at the rate of nine per centum per annvm and together with s~ch i~verost shall be secured by the lien of 1hls mortgage. 4. To permit, commit or suffer no waste, impairment or deter~oration of said p~cperty or any par2 thereof. 5. 7o pay all and singular the costs, chargES and expenses, induding a rea;onable aTtorney'~ fee and costs of abstractY of tltle, incurred or pa~d at any time by s3id MORSGAG:E, becauae or in the event of the failure on the part of the said MORTGAGOR to duly, promptiy and fully perform, d~acharge. exec~te, efFect, complete, cornpty wrth and ab;de by each and every the stipulations, agreements, conditiona, and covananri of said promissory note and this mortgage any or e~rher, and sa:d costs, charges and expenses, each and every, shall bz ;mmrdiately due and payabSe; whether or not There be nor~ce d~ mand, arrempt to coilect or suit pend~ng; and the full amount of each and every wch paymenr shail bear interesi from the date thereof until paid at the iate of nine per centum per an~wm; an~' al! said cosis, charg~es and exp?nses inwrred or paid, together w~th such interest, shall be sec~~ed by the lien of this mortgega. 6. Thet (a) in the event of any breach of this Mortgage or default on the part of the A10RTGAGOR, or (b) in the evcnt any of ea:d sums of money herein referred to be not promptiy and fully~ paid w~thin thirty (30) days next after the same severally 6ecome due and payable, without demand or notica, Or (c) in th~ event ~acfi and every Ihe stipulations, agreements, cond'+cions and covenunts of sa d promissory note and th~s mortyage any or either are nof ~uly, promptly and fuliy periormed, d;scharged, executed, effected, completed, complied wi!h and ab~ded 5y, ihen in r~ther ar any such event the said ag gregate sum mentianed in said promissory note then remaining unpaid, with interest accrued, and all moneys secvred hereby, shall become due ar.d pay- able fortiiwith, or thereafter, at the option of safd MORTGAGEE, as fully and comp!e~ely as if all of the said sums of money vvere or~ginaiiy stipulated to be pa:d on such day, anything in sa:d promissory note or in this Mortgage to the conna:y notwithstand~ng; and thereupon or thereafter a! the opt~on of said MORTGAGEE, without norice or demand, suit at taw or in equity, therefare or thereafter begun, may be pcosecuted as if ai~ moneys secured hereby had matured pnor to ~ts institution. 7. That in thc event that at the beginning of or at any time pendi~g eny e~it upon thie Mortgage, or to foretlose it, or to reform it, or to enforce payment of wny claims hereunder, said MORTGr+GEE shail apply to the Court having ~ur~sd~ction thereef for the appo~ntment of s Receiver, such Ceurt shail forthwith aphoint a receiver of said mortgaged property all and singufer, includ~ng aIl and s;ngular the income, proLts, issues and reve~wes from whatever source derived, eech and every of w~ich, it being express!y understood, is hereby morrgaged as ~f spec~ficaity set farth and describzd in the granring ar.d habendum clauses hereof, and such Receiver shali have all the broad and effetrive funct.ons ar:d powers in anyw~se entr~sted by a Court to a Receiver, and such appoinrment shali be made by svch Ceurt as an admitted eg~ity and a matter of absolute right to said MORTGAGEE, and w;rho~t reference to ihe adequaty or inadequaty of the val~e of the property mortaaged or to the so~vency or inso!~er.cy of ~aid MORiGAGOR or Ihz def~ndants, and that s~ch ren!s, profirs, income, issues and revA7ues shati be appiled by such Receiver accordu,g ~o the lien or equity of said MORTGAGEE and the practice of such Court. 8. To duly, prompt!y and fully perform, d~scharge, execute, effect, complete, cornply w~th end abide by each and every the stipulations, agreements, conditions and covenants in sa~d prom+ssory note and thls mortgage se! forth. 9. That in the event the ownersh+p of the mortgaged p~em:ses, or any par! thcrcof, becomes vested in a pe~son ether fhan the MORTt3AGOR, the MOR'GAGEE, its successora ar,d assigns, may, wirhour no~ice to the i10R7GAOR, deal w~~h such successor or s~uessor in interest with reference to this mortgage and the deot hereby secured in the samn manner as with ~Jbrrgagor w~thout in any way vitiating or discharging the Mortgagors' iiauility here- under or upor the debt hereby secv~ed. No sa!e of the pren,is^s h~reby mongaged and r,o forbearance on the part oi the MOR7GAGEE or its ~~ccessors or aasigns and no exter:sicn of rhe t~me for the payn-ent o` the debt hcreby secured given by ~he MORTGAGEE or its svccessors or ass;c~ns, aiiail oparate 1o re!ease, discharge, modify change or affect tha o!ig~nal Gan:l~ty of the MORTGAGOR herein, either dn whole nr in part. 10. It is spec:fi.aily agreed that t~me is of the esser.ce of ~his contract end that no waiver of any obligat;on hereunder or of the ob!igation se- c~red hereby sha!I et any time thcreafter be heid to be a waiver of the terms nereof or of the insirumer,t secured herby. 11. In add t~e ~ fo tne forFg~ ng r~on!h'y payments of prir,c pal ard interest req~~red 'oy th~ pron; ssory nc'a s^cured h_reb~, me: tgagor eovenants and agrees to pay to mortgaaee v:i`h eacn n-,onrhly pay:: ~n~ an add~rion;l wm est~mared by mortgagee to be eq~al to 1: 12 of t~e arnual co5t of the foiiow- ing: A-A!I reai property taxas levied or assesse:d ag~i~~st tne above destribed reai esrate. 6-Fr_mi;,~rns on fire and windsrorm insurarce as here~n requ~red to be carr._d on the rr.provements s;luate on the above d=scrioed Fremis=s. C-Pre:r~iu~ns on SVCfI mortg~ge guaranty ir.surarce zs mortgagee shall frem t~me to time deem 4rt to carry on the loan SCNred hereoy. r:,ortgagee shc:l from time to t~me notify morrgagor ~n writ~r.g of tha amou~? due and payable hereunder ai~d such sv~*i sha:l thereupon be due and Fayab'e on tne tiu-e date oi the next n,.onth'y paymert and e~ch svcrassive month thereahar urtit mertgagee shall r,ot!fy mort~agor of a change in wch art-:ount. Such sums ~f~a;i be app!ied by mortgay~e tonard the payment of real p:orerry tax~s, insurance prem:ums, and mc+tgage guaranty i~surar.cr premiums. IN VJIiNE55 'H:RcOf, the said h40RTvAGOR has here~~nto set h~s har.d and seal thz day nn ea. first afores~~d. Si9ned, Sea and d i ~resence of: • ~ ` P (,~eal) (Seal) • . ~v~n.n ~,r w..n~ (Sea() (Seal) STATE C}F FIORIDA ~ COUNTY (7F J t• i'~`Z C~ p Before me personally appeared Sim:~~ie eT. BUT'I1S _ and I~YTlaIldci Burns h+a •.vife, to me we!I know~n snd known to me to be tha individvais descr~bed in and who executed the foregeing instrument, and acknow;edged before me that they executed the s3me for the purposes there~n exptessed. And the said Amar.~cl L~1,lPIlS w~fe of the said - '~lm`~`le `T. ~'ur`Z`~' upon a separate and private examinatlcn by me taken separate and apart from her said husband, acknnwiedged fo and before me that she executed said instrument freely and volun- tar~ly and w~thout any comp~!sion, constreint, apprehe7s, ar cf or from her said sband. C~ YJITNE55 my hard and offiual seal this- day of ~u~e , A. D. l9 ? ~ Notary ~blic in and fcr `he. State of fiorida at La~ge My Commission expires: Return To: P;rst federal ~avirgs & loan Asxoc~at+on ` ~ ".':T.•^•.TE'+( fl.ORIDA at LARGE ht Fnrt P~erce. ~ ' ....~5 i;.~'r. 2~. 196~ Fort Piarce, Florid3 . - ~ r;. ~};~~T~~"oasT _ ~ ~IL ,AN EC~RDED ~ - J ~ ' ~ ~ ~ r aooK ~ ' ` ~ : _ ; ~ - . w : ~ ~ = '65 ~'R I PM ~ : 5 $ . , ~ ~ r-~ ~ ~ , ~..{}4''.d, _ - ROGcR f=0~ n-~qs Sr. LUCIE COUNTyRK FLORIDA acaK~.~.~ ~u~ ~