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Home My WebLink About2166 3. To place and continuously keep on ~he bui!dings now or hereafter ~ftuete on said Isnd ~~d on all equipmeM and penonally covered by this mortg- sge, w~?h all premiums rhereon pafd in full, f;re ~nsvrance ~n the uwal srandard policy form, in a sum approved by the MOR~GAGEE, and wi~dltorm insurance in the usual itandard pol;cy form, in a su n approvad by the MORTGAGEE, in such compeny or companie~ as the MORTGAGEE may dir~ct; and all firo end wlndatorm in:urance po:Ic,es on any of seid buifd~ngs, •ny inte~est rhorein or part thereof, in the aggregate sum •forexaid or In ~xceu thereof, shaN contain the usual standard mor,ga~ee clause or such other clause as the Mortgagee may requ~ro, mekinq the loss undrr sa~d poli- ties, eath and every, payable to said MORTG.AGEE as ~ts ~r.ra;~~st may appear, and earh ard every w~h pol~cy ~hall be prompNy ass.gned and delivered to ~ny held by said MORTGAGEE as furrher security ro said n:ortgage debt, and, nut less than ten (10) days in advance of th~ expiratlon of each policy, to dr liver to said MORTGAGEE a renewai thercof, together w~th a rece~pt far the premium of such renewal; and there shall be ~w fire cr wind3tonn insuronce plated qn any of said build~ngs, any interest there~n or parl !hereof, uniess in the form and with tha loss payable a5 aforesaid; and in the event any sum of money become~ payable under such policy or pol;cies said !~1URiGAGfE shall have the optio~ to recei~•e and app!y the same on account uf the indabted- neu secured hereby or to permit said MORTGAGORS to receive and use it or any part theraof for other purposes, .~~+ho~t th~~~u: waivEn3 0~ ~~~~a3~r- iny eny equity, libn ot riqht under or by virtue of this mo:'gage; end in the event aaid MORTGAGORS shai! ',ar any reaaon fail to keep !he sa~d piemises so insured, or fail to deliver promptly any of saio palicies of insurance ro said MORSGAGEE, or fai! prnmptly ta pay fulty any premi~m therefor or in ~ny respect fail to perfwm, discharge, exewre, effrct, complete, cornply wiih snd abide by th~s covenant, o~ any part hereof, said MORIGAGEE may place and p~y for such insurance o~ eny part thereof without vvaiving or affecting any opt~on, ~ien, equity, or right undar or by virtue of this Morrgage, e~d the full amount of each end every such payment ahall be ~mmediately dut and payable ar~d shall bear interest fram the date thereof until paid et fhe rate of nine per cent~m pee annu~n and to~c~her wirh such interest shaii be secured 6y the lien of this mort,~age. 4. Tn permit, commit or suffer no waste, impairment or deler+oration of said proprrty or any part thereaf. 5. To pay all and aingular the coste, charges and expenses, including a reasonable attomeq's fee and costs of abstracts ef title, incurred or paid at eny time by sa~d MORTGAGEE, because or in the event of the failure on the part of the said MORTGAGUR to duly, prornprly and fully perform, discharge. execute, effect, tomplete, tomply with and ab~de by each and every the st~puiations, egree~nenrs. condihona, and covenants of said promissory no!e and thls mortgage eny or either, and said ccsta, thar9es and expenses, each and every, shall be immedia'ely due and payable; whether or not there be notice de rttand, attempt to collect or suil pend~ng; and tFe full amount of cach and every svch payment shal! bzar interest from the date thereo` until peid et thc rate of nine per cent~m per annum; and ali sa~d costx, charges and exper.se: irxurred or paid, toyether w~th suth inierett, shall be secured by the lien of ihi~ mwiqaqe. b. That (n) in the event of any breach of this Mortgage or defaulP on the part of ~he MORTGAGOR, or (b) in the event eny of sald sums aE money herain referred to be not premptly ard fuliy paid w~th:n th~rty ~30) days nexi afrer ~he same severatly become due and payable, withoui de~nard ar not~ce, or (c) in the eveN each and every the stipu:ations, agreements, wnditions and covenants of sa~d promissory note and th~s mortgage any o! either ere not ~uly, promptly and fully performed, d;scharged, exec~ted, etiected, comp!eted, complied with ar,d ebided by, then in either or any such event the said eg~ pregate s~m mentioned in eaid p~omissory nota then remaining ur.paid, with interest accruecl, and ail moneys setured hereby, shatl become due and pay- ab~a forthwith, or thereafier, at the option of said ~41URTGAG~E, as fully and tomplately as if ail of the said sums of money were originally si~pulated to be pai~ on such day, anything in sa'd pro:n~ssory nora or in this Mortgage to the con;rary notwirhstanding; and thereupon or thereafter at thc opi~on of teid MORTGAGEE, without not~ce or demand, suit at law or in equ~ty, therefore or !hereafrer begu~, may be proaecuted as if all moneys secured herehy had m~t~red pnor b its institution. 7. That in the event that at the beginning of or at any time pending any suit upon thi: Mcrtgaye, or t0 foreclose it, or to reform it, or to enforte paymeM of any daims hereunder, said PAORTGAGEE sha11 apply to the Court having ju: ~:dfction thereof for the appointment of e Receiver, such Court shall Forthwith appoint a receiver of sai~ mortgaged p~operty ail and sir,guler, inc!ud~ng ail and singular the income, profds, issue3 end revenues from whatever wurce derived, each and every of wh:ch, it be~ng express'y vnderstood, is hereby mortgaged as if spec~ficaily aet forrh and described :n the grantin~ and hatxndum clausrs hereof, and such Receiver shai; have ail the broad and effective func!.ons and powers in anywise entruated by e Courf to a Receiver, and ~uch eppointment sh31i be made by such Court aa an admiTte:~ eq~ity and a matter of ebsolvte right to said MORTGAGEE, and witho~t referer.ce to the adequacy ur inadequacy of the val~e of the property mcrtgaged or to the so,vency or inso:vertCy of sa~d MORiGAGOR or the defendants, and that svch renrs, profits, ir.come, issves and revenues sha{I be applied by s~ch Receiver according to the lien or equity of ~aid MORTGAGEE and the pradice of such Court. To duly, promptiy and f~l!y perform, discharge, execute, effect, compiete, comply with and abide by each and every the stipulations, agreements, conditiona and cevenams i~ sa~d promis:ory note and thia mortgage set forth. 9. That in the event the owne:ship of the mortgaged premises, or any part thereof, becomes vested in a person other than the MOR7GAGOR, ths MC7RTGAGEE, its successorn and assigns, may, withoui noricz to the MORTGAOR, deal with sucn successor or wccessor in intere~t with reference to this mortgage and the debt hereby ser~red in the same mannr_r as w+th Mortgagor without in any way vit~ating or d~scharging the Mortgagors' ~iabi~ity herr under or u~on the debt hereby sec~red. No sa!e of vhe premises hareby mortgagzd and no forbearonte on the part of the MORTGAGEE or its successors or assigns and no extension of the sime for rhe paymert of the debt h^reby secured given by the MORTGAGEE or its •uccessors or essigns, •iiall operote fo release, d~scharge, modify change ar affect !he original liabiiity of the MORTGAGOR here~n, either in whole or in part. 10. It is specifically agreed that rime is of the esse~~ce of th~s contracp and that no waiver of any obligation hereunder or oi the obiiQation se- a:re~ hereby ahall at any time thereafter be he'd to be a waive: of the terms hereof or of the instrument secured herby. 11. In add;tio~ to the fo~e^ye"~~ monthly paym~nts ef princ pai and interest required by the promissory nore secured hereby, morigagor Covenants and agrees to pay to mortgagee with each mo^?h!y payr:ent an add~ricnal si~m estimated by m~rtgagee to be equal to 1 j i2 of the annual wst of the follow- ing: A-All r~al property taxes le~n?d or assessed against ti~~ abuve described rea! estate. B-Premiums un fire and windstorm insurar.ce as here~n requ~red fo be cerried on the il`1FfOw8'"1P.tlf6 situate on the above dascribed prt!mises. C--i'remi~ms en s~ch mortgage guaranry ir.surar.ce as mortgagee ~ha~i frorn t~me rc time deem fir to carry on the !oan :ewred hereby. Mortgagee shail frcm t~me to rire not~fy mortgagor in ~vr~t~ng of the aT.ov~t due and payable hereunde, and such sum shaii thercupon be due and payable on ihe due da+e of rhe next monrh:y paymer~t ar.~ eoch successive mo~!h thereafter unfil mortgagee shafl nat~fy mortgager of a change in such amount. Sucn sums sha;l be app!ied by mortgagee toward rhe payment of real p~operty taxea, insu;anca prem;ums, a~id mortgage guaranty insurance premiums. IN Wi7NE$S WHEREOF, the said MOR7GAGCR has hereunto set h:s har,d and seal the day and year first aforesaid igned, Se d end ivered in the presence of: • ' / (Seaf) - (Sce!) ~ _(Seel) - - (Seal) . STATE OF fIORIDA ( COUNTY OF St _~]j~fl _ i 55. Before me personaliy appeared .5' X.Af S.I2~8 L11~iOW~t Z~ ~L.~~OW ~ ~~J ~ ~ - ~~is~ wri~Fe; te-may~rcll known and known to me to be the individuaM described in and who executed the forega~~zg instrument, end acknowledged befor`e me tha~her executed the same for the purposes therein expressed. /1+rd fhe ~r«~ _ wiFe-~aF ~I?s lsid ~~Ltff 7ep8reAt-eYkf'pri+l~e r,esrninetion by-n+tte~kerr seperetr ~rtd-epa~t-frertr i~er ~akYMosban~.-sekno~kdged~to and befae~me-ttrat ahe txec~rtd-se'rd isnteomennrfrreiy-nnd av~.m- Mril~r ~nd wi~l»v1 r~y~csrwfretyion,-cerr~troi+~r- eppr~Ftier*oier~prjeer ef~-or 4rertrher-evid~ hi~ber~d. [ic WITNESS my hand and official aeai th~s_ day of_ T~~ A. D. 14_~ ~ - Notary lie in and for the Stete ~f Florida et Large My tommissian expiret: Ralucn Yo: Fint Fedeta~~ 'Sa'vinys 6 loan Associat~on Natary~ Public, State of Ploride at L'arge ~A ~ R E C R D E D My Comrn;ss.on Fxp~~Ps a~g. 6, 1967 .fi7£'~dt?.pierce. ~~i.~ yt}~/~~ 9~~ ~A~ ~ - Fort_Pierce, Ffdrida ~aJJi.IN l ~.Q~ (j Q~{ md~d Sy Arr:~ttSCan Sur~t,~ Co, ot Y~. ; ~ ~J i r . - . ' ~ ' ; ' ~ A } •1 ` - ~ - tv~ ~ ~ 1 ~ .7 e i J `,r1!J ~ ~ • ~ v ~ `1~ ~ ~ ~ ;_.C.'~ . . . ~ ~l.Jl~a~~.it. •a'~ ' - . - . ~ - 1..: . ~ . . , . ,t - ~ . • ROGEf2 r'CI'i CLF RK ~ - ~ 5T. LUCIE COUNTY. ~ ; ; ~ ~ ' ~ : ~LORIDA 1 • ` ~ 8~K s~i3e,) ' , . ~ ~ J . .•l'~ ..~1'~ ~