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Home My WebLink About2661 3. To place and continuo~sly ksep on the bui!dinga now or hereaft~r artuete on sa~d land and on all equipment and personslly covered by thi+ mong- •ge, with all premiums rhereon pa~d in f~il, Fire insuranca ~n tha usuai stsndard pol~cy form, in a sum appiovec! by the MOR~GAGEE, +nd windstorm insurence in the usual atanda~d pol~ty form, in • sum epproved by the MORT,riAGEE, in s~ch company or co~npen~es a• tha MORTGAGEE may direct; and afl firr a~d w~ndstorm insuranta fw!~c:es on any of seid b~ild~ng~, any interest therein or part thereof, in ~he aggre9ete sum aforesaid or In •xces~ thereoF, fhell contain the uwal standard mortgagee tlause or wch other clauss e? the Mortgagee may r~qu~rs, maAiry the loss unde~ sa~d poli- cies, each and evsry, pdyable ro said MORTGAGEE as irs inrerest may appea~, snd eech and evrry s~ch pa:~cy shal~ be prompfty ais.g~~ed end defivered ~o ~ny held by said iu!ORTGAGEE a further ~swrity ro seid mort9age debt, and, rtot !ess tha~ ten (10) days in advance of tha expirat~on o~ each pol~cy, to de- liver ro said MORTGAGEE a renewal thereof, to9eth+r with a rece~pt for the premium of such renewa!; end thrre shall be no fire or windsto~m inwrente plated on any af said b~ildings, any intere~t there~n or part the~eof, unlens in the fo~m e~d wi+h the loss payab~e a: aforrsaid; and in rhe event e~y ~um of monay become~ paysble under auch policy or poGcies tia~d MORTGAGEE shell have the option to rece~ve and apply the same o~ accoum af rhe indebted- ne~e uc~red hareby or ro permit sa~d MORTGAGORS ro receive and ~se it or any part thereof tor o:her pu~poses~ ~YiI~IOU~ ~h:~~u~ w~rvi.~~ or ~~np~ir- ing any eq~~ty, lien or right under or by virtue of this mor:gage; and i~ thc event said MORTGAGORS sha!I for any rcason fail to keep the sald premisr~ so i~sured, or fail to deliver promptly a~y of said policies of insuronce to said MORTGAGEE, ~r fuil promptly to pay fulty any premi~~m therefor or in any respect !ail to perform, discharge, axetute, effect, complete, comply with and abide by thi~ covenant, or any par~ heroof, said MORTGAGcE may place and pay for such in~urence or •ny psrt thereof wirho~t waiving or sffectinq any option, iien, equ~ty, or right under or by virtue of this Mortgage, and the full emount of cech and every such payment shall be immtdiately due and payable end ahell baar intere~t firom the date thereof until paid at thc rate ol nine per cent~m per ennum and tayether with such interesl shall be sec~red by the lien of lhis mortgage. 4. To perrnit, tommit or suffer no waste, impairment or dettrioretio~ of said property or any part thereof. 5. To pay all end singular the costs, charges and expenses, including a reesonable at~orne•;'a fee and costs of abstracts of title, incurred or paid ai any time by sald MORTGAGEE, because or in the wsnt of the feiluro on the psrl of the said MORTGAGOR to duly, promptly and fully perfonn, d~schar~e. execvte, effect, complete, tomply with and ab~de by each and every the stipuletions, agreaments, cond~tions, and covena~rs of ss~d promissory note and tfifs mort4age any or either, and sa+d cosls, charqe~ and expenses, each and every, shall be immed~ate~y due and payable; whether or n~t rhere be notice dz mand, attempr to collett or suit pending; and rhe full amount of each end every ~~ch payment shal{ brar inrerest from the data theraof until peid et the rate of n~ne per centum pet ann~m; and al~ said costs, charges and expenses inturred or paid, together wrth such interest, shall Ne setured by the li~n of this mortgage. 6. Thet (a) in the event of any breash of ihi~ Mortgape or default on the part of the MOR7GAGOR, or (b3 in tha event sny of sa:d aum• of money here;n reierred ro be no~ promptly and futly paid wirhin th;rty (30> days next afre~ ihe same seve~ally become due end payable, without demand or notice, or in the event each ar.d every rhe s!ipulations, agree~nents, cond~tio~~s and covenann of sa.d pramissory note and th~s mortgage any cr either are nof ~uly, promptly and fu!ty performed, d~scharged, exewred, rffected, complrted, complled with and abided 5y, then in elther or any such e~em the sa~d a~- gregate sum mentioned in sa~d promissory note then remaining unpa~d, with ~nterest accrued, and all money~ secured heraby, shall become due •nd pay abte forthwith, or thereafter, at the option of said MORTGAGEE, as fully and completely as if all of the sa~d sums of mnney were or~ginelly •ilpu!ated ta be paid on such day, anything in sa:d promissory note or in ihis Mortgagz ro the controry notwithstanding; and thereupon or thrreafter at t~e option of seid MORTGAGEE, without notice or demand, suit et law or in equity, therefore or thereafrer begun, may be prosecuted as if all moneys secured hereby had mat~red prior to its inslitution. 7. That in the event fha! at the beginnir.g af or at any time pending any w~t upcr this hlortgage, o+ to forecloxe it, or to refornr it, or to enforce payment of any claims hereunder, said MORTGAG@E shall apply tq ihe Court having j~risdiction thereof for the appoinimenl of a Rece~ver, auch Court shall Forthwith appoint a receiver of said mortgaged property all and singular, inc~ud~ny all and sing~iar tna income, profits, issues and revenues from whatever seurce der~~ed, each and every of wh~ch, it being expressly undersrood, ~s hereby mortgaged as if spec~ficaily set for;h and destribed in the granring and habend~m cla~ses hereof, and such Receivar shell have att the broad znd effect:ve funcr~ons and powers in anywise entrusted by e Court to a Receiver, and s~ch appointnent shali be made by s~ch Court as an admitted equity end a matte~ of ahsolute right to taid MORTGAGEE, and w~thout referen~e to the edequacy or inadequacy of the value of the property mortgaged or to the soivercy or in;olvenry of sa~d MORiGAG4R or ihe defendants, and that such ~ rents, prafits, income, issues and revenues shall be applied by such Receiver accordiny to the lien or equiry of said MORTGAGEE and the practice of ~uch Court. 8. To d~ly, promptly and fully perform, discharge, execute, effect, complete, comply v,i?h and abide by each and every the stipuletions, agreements, conditions ar.d covenants in said promissory note and th~s mortgage set forth. 9. That in the event the ownership of the martgaged premiszs, or any part thereof, 6=comeo vested in a person other than the MORTGAGQR, the MORTGAG.E, its su<tessors end aasigns, may, without not~ce to the NOP.TGAOR, deal wirh svch successor or ~uccessor in interest with reference to this mo~rgage and the debt hereby secured in rhe same manner as with Mortgago~ without in ar.y way vit;ating or d~scharging the Mcrtgagoro' liability herr ur.der or upon the debt hereby sewred. No sale of the premises hereby mortgaged ar.d no forbearance on the part af the h10RTGAGEE or itt wccessocs or ais~gns and no exte^sion of the time for the payment of the debt hereby se-cured given by the MORIGAGEE or its sucte35ors ur ass~gns, aliall operate ro release, discharge, modify change or affect the original iiabil~ty of the M~ORTGAGOR herein, either in whole ar in part. 10. It is spcufically agreed that time is of the essence of this contract and that no wa:ver of any obl;gat~on hereunder or nf the obligation se- cured hereby shali at any time thereatter ba held to be a waiver of the terms hereuf or of the ins~rument secured herby. 11. Ir. add.ticn tu the forego'ng month!y paym~nts of princ pal and interest req~~red by the prom'sscry no!e sctured hereby, mortgagor tovenants and agrees ro pay to n:ortgagze •nith each month~y payrr.enr an addir~onal sum est~:nated by mortgagee To be equal to 1, 12 of the annuaf cost of the fol(ow- ing: A--A!1 real property taxes levie.~', or asszssed agai•~st tnc above desa:b^d real esrate. B- Fren•.iums on fire and win~srorm ir.surar.ce as herein rcqu~red to be tarried on the ~mprovemenrs s:tuate on ine above d_salbed premise~. C-Premiurrs cn such mxtgage guaranty insuracte as mortgagee shall frcm t r,~.e ro':. .e dcem fit to tany on the loan secured hereby. hlortgagze shail frcm time to time no!ify mortyagor in writing of the arr'o~~t due ~nd payable hereundar and Such wr shaU thereupon be du: and Fayab'e on the d:e da!e of th= next month!y payment and each success~ve month tnereaft~r uct~! mer!gagee shall netify martgagor of a change in wcn a^~o~rt. Such sums sF.a:! be appiied by moriga5ee toward the payment of real property taxes, insurance pren~;ums, and rrortgage gua!anty insurance p+emiums. f!J WITNESS EREOF th id RTGAGGR has hercunto set his hand ar~d seal ~he day and yea first aforesai ' i r,ed, Se and ' ~ presence of: ~ s. .~~Seal) r~__ __J_ (Seel) ~-vkZ~ Gv - - - - - ~'~laLiSeal) ~ (5eaq STATE OF FLORIQA 1 Saint ~icie ~ courdrY o~ _ I Before me personally appeared Farl ~iurgan ~ ~ and ~5~,.~i_Y?e C i ~?~Z'[~y~n his wife, to me wel! known and known to me to be the individvals described in and who executed the foregoing instrurmnt, and acknowledged before me that they executed the same far the p~rposes therein expressed. And the taid Ma d el e ine C._ RLLr t?~tn _ wife GF the said -~~-ar~ RUrP~n , upon a separate and private exam~rat~on by me faken separate and apart from her said husbar.d, acknow;edged to and be4ore me that she exetut=d sa~d instrvment freely and voiun• rarily and wlthout any compuision, constraint, apprehensio,~/,f ~~ear of or from her said husband. WITNESS my hand and official aeal this ~.lL-- day of J A. D. 19_ 112 . _/f~/,~,~ .+~i 7C ~ Notary Public in end for the State of Flojicfs~et 4at~: , ~ My Commisaior expiret: ~ ~ • ~ ~ ` Re?urn To: ' ' , ~ ^9~~,Q . fi~st Federal Savings & Ltnn Association r t~•, ~ " Oi Fort P~erce. pc = r., : . ~ r. : . :I~A~~Pjerce, Flcrida QN~ RGL DED . - _ - _ `a . . . = _ , • ~QQK . , _t±ti~~E - _ ~ , ~;r . : 1 < e'. , ~s , . • . " . . ...yrt fnai: Yla Di~siG~WURaij , . . ~ - . . . - , PM 3 : 30 ~ 6S J~~L : • v ~ :.;~t f,r'~_ ~ ~ ~ ROGE~~ ~~u~ ; ~:.;S, C~ERK ~ S1'. L.UCIE COUNTY. . ` . ~l.OR10A p R ~~~k~.~2 258.. _ _ _ _