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Home My WebLink About0195 ~ ~ . 3. Yo plat~ end continuoualy keep on tho b~i!dinye now or hereaFter ~it~ate on aaid land and on el~ equiprncnt and panonaily cova~~d by this mwtg~ p~, witfi •II pr~rt+iums therwn paid in fuU, fire ineurance ~n +hc usual standard policy form, in a sum approved by tha MQRiC.,AGEE, and w'+ndstwm tnwrone~ in 1M ~awl ~tae+d:jd poUcy fam, in a sum apprnYed by the M~RTGAGEE, in ~uch company or companirs as the MORTGAGEE may d'wctj u+d ~U fir~ ~nd winds~orm inw~aota poiic~es on eny of said build~nps, eny int~rost th@rein or part theroof, ~n tl+e agyreyate sum afas~~id or ' In 1xe~u tMnof, ~tutll ca+tain tht uwal itandard mwtgagee tiawe or such other tlause ai the Mat~+gee may require, msking the lou under sa~d polt ci~s, ~ach ~nd wKy, p~yabl~ to said MORTGAGEE a~ it~ ~nterest may appe+r, and each and eve~y such polity shal! be promptly ata gned a~d delirared fo any held by s~id MORTG.4GEE ~s further securify to seid mortgage debt, and, not les~ thsn tsn (10) dayi in advante of the expiration of sech polity, to d~- IivN to Nid MORTGAGEE a reneNai 1Mreo4, toqether with a receipt for the pram~~m of tuch renewal; and there shali be no f~re or windaio~m ina~ranca plKtd on iny of a~id buildinqf, any interest tF~srein or part rhereof, unless in the form a~d with the loss payable as efo~esaid; and in the e~ent any ~um Oi money becomas pay~bte under such poticy w policies said MORTGAGEE shall have the option to reca+ve and apply the same on account of the indebted~ ~eu secur~d twreby a to permit aaid MORTGAGORS to reteive and use it w any part rharrof tor o;ner p~rposes; v+~tho~t thr~cb~ waiving or impain I~q any eqvity, Ifsn or ri9ht undcr or by virtve of this mo:!gagc; and in the evant ~aid MORTGAGOR5 sha!1 for any reason fail ta keep the said premises so iruursd, o? f~il 1o dtliver prrn»ptly any of 3aid polities of iniurence to seid MORiGAGEE, or fai! prom~tly to pay fully any pre~»iu~n therefor ar i~ any r~~p~N fail ro pKfwm, discharge, execute, effatt, complete, camply vrith and ab+de by this covenant, ur eny part h:reof, seid MURTGAGEE may plece end pay fw such Inwrsnt~ or any part thereof without waiving or affetli~q any option, lien, equity, or right ~nder or by virtue of ~his Morfgaye, +nd the fvll amount of each and ewry tuch payment shall be immediafely due and payable and shal! bear iMerost from the date thereof until paid at tha rot• ol nin~ pet cantum p~r annum snd together with such interesr shaN be secured by tha lien of thia moFlqage. 1. 1o pe~mit, commit oe svffrr no wa:te, impairment or dererioration of said property or sny paA theraof. 5. To pay •II ~nd sinpul~r the costs, charges and expensea, including a~easonable attorney'i fee and costs of abstrasts of title, incurred or paid at ~ny *:~ne by uid MORTGAGEE, betause or in the event of the !ailure on fhe part of 1he said MORTGAGOR ta duly, pro~nptly snd fully perfo~m, diuharge, sxetute, affect, complele, tomply with snd sb:de by each and every the stipulateons, agreements, conditions, and tovenants of said prnmissory note and thii mottyspe ~ny or either, and said cosb, chargea and expenses, each and every, shall ba immedi~tely due end payable; whethe? or not thers be notice d~ nund, attsmpt to collect or suit pending; snd the fult amount of each and e~ery such payment ~hatl bea~ intarest from the date thercot until psid •t the rote of nine per <entum per annum; and all said costs, charges ond expenses incurred or paid, together w~lh suth interest, shall kx secured by tho lien of this n?ortqaqe, 6. That {a) in the eveM of any breach of this Mortgage or defaull on the part ot the MORTGAGOR, or (b) in the evc~t •ny ot ~a~d sum~ of money herein r~ferrod to be not prom~+tly snd fully paid within thi~ty (3G) days next after the same severe'ly become due and payabl~, without demand or norca, or (c) in the event each snd every the stipu~ations, agreements, conditiors and covenants of aa;d promissory nota and th:s martqapt any w either ~re not ~ ~~ly, prpmptly ~nd fully perfamed, discharged, execured, effected, comp!eted, complied v.•ith and ablded 4y, then ~in cither or eny ~uch evem the ?a~d a~ pregata sum mentioned ir said promiuory note then remaining unpa~d, with inte~est accrued, and all mor.eys securrd hereby, shall become dus end pay sble forthweth, w thereafter, at the option of said MORTGAGEE, as fully and completely as if all nf rhe said s~rrti: %•t: money were originaliy s~;p~lated lo be paid on such day, a~ything in sa:d promissory nate or in this Morlgage tu rhe contrery ror.vithstan~ling; and thrrcyp~~ thereafter the option of seid MOltTGAGEE, without noNce or demand, suit at law or in equYy, therefort or thereafter begun, nay be prosecuted as if all moneyr securad he~eby had matured prior 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 sny claims he~eunder, said MORTGAGEE shall apply b the Gouri having junsd~ci:on thereof for the appa~ntmem of a Receiver, such Cou~t shall Forthwith appoint a receiver of said mortgaqed property all and singular, includ~ng ai1 and singu!a~ rhe ircome, prof~ts, irs~es and revenvea from whatevor wurce derived, each and every of which, it being expressly understood, i• hereby mortgaged as ~f spec~fically :et forth and deacribed in the gronriny and ~ebendum tlauses hereof, and svch Receiver shall have all the broad a~d effective funct~ons and powers in anyw~s~ entrusted by a Cuurt to a Reteiver, and sucfi appointment ~hall be made by su;h Court as an admitted equ:ty and a matter of absolute r;ght ro sa~d MORTGl.GEE, and without reference to the adequacy or inadequaty of the value of the property mortgagcd or to the soivency or ~nsc Ivency of iatd MORIGAGOR or the defendants, and rhaf tuch rents, profita, income, iu~ea and reven~es shall be applied by su<h Reteiver accordin~ to th~ lien or eq~ity oi iaid MORTGAGEE end the prastice of •uch Court. 8. To duly, promptly and fully perform, discharge, execute, effect, complete, comply with and abide by each and every the stipUlations, agreements, conditions and tovenants in said promissory note a~d this mortgage set forth. 9. That in thc event the ownership of the mortgaged premises, or any part thereof, becomes vested in e person otticr than ihe MOR?GAGOR, the MORTGAGEE, its successors and assigns, may, without notice to the MORTGApR, deal wirh such successor or auccessor in interect wi~h reference ro this mortgage end the debt htreby att~red in the same manner as with Mortgagor •x~thout in eny way vifiating or d~scharging the Mortgagors' liability hero- under or upon the de6t hereby sec~red. No sale ef ;he prem~ses hereby mortgaged and no forbeara~cz on the part of the hAORiGAGEE or its successors or assigns and no cxtension of the time for the payment of the debs I:~re6y sec~r?d give~ by the MORTGAGEE or its sviceessors or ass:gns, ?nall operate ~o release, diacharge, modify change or affect the original iiau~l+ty r,~ the MORTGAGOR herein, either in whole or in part. 10. It is specifica!ly agreed that time i~ of the ess:~nce cf this contract and that no waiver vf any obligation hereunder or of the obligation se• t~,red har~by shall at sny time thereafter be he!d to be e we~~r. ,,f the terms hercof oi of the instrvment secvred herby. ' i l_ In addifion to Ihe fWCgb:ng monthly payments of print pal and intere~t ~equired by the prOm:sscry note sc.~red hereby, martgagor covenants and agrees !o pay to morigagee with each monthly payrr.ent an add~rional sum esN.~~ated by mortgagee to be eq~al to 1;' 12 of 7he annual tost of the follow- ing: A-All real proprr+y tazes levied or assessed agai•ist the above desc~ibed real esrate. ~ B-Premiums on fi~e and wincstorm insurar,ce as herein req~~red to be carred on the improveme~ts si;uate on the aoo~e dzscribed premises. C-Premiumx an sucn mortgage guaranty insuranee as mortgagee shall from. t'me ro ti~ne deem fit to carry-_ae. the loan secured hereby. Mortgagee shall from time to Tir.;c not~fy mortc~agcr ~n wr~ting of rhe amo~~t due and payable here~nder and s~ch su~~ sh,3il thereupon be due and payable on the due oate of the next rncnth:y payment and each succ?ssive mo^.th tt,ereaftar uc~il mortgagee shaii r.otify mo•tgagor of a change in such amount. 5uch sums shaii be applied by mortgagee toward the payment of real property taxes, insurance pren,;~ms, and mortgage guarenty insurance Rremiums. IN WITNESS WH OP, the sa'd MORT GOR has hereunto set his hand and scal the day and year first aforesai¢~"1 qnsd, Seal deli t{~e sence of: i~ ~ el) ~~s ~ xar . on cs~a~7 / cs~an Witne s a e ong on _ ~_.cs~e~~ STA.TE OF fIORIDA couNrr oF Sain~ Lucie ss' - Befwe me personally appeared [~WA4'~a p~ Conadon end .Lettie H• C1L „~4n - ~ his wife, to me wefl knor~n and known to me to be - the ind~yN~lif~~~abed in and who executed the foregoing instrumen!, and atknowfedged before me that they executed the s3me fior the purposes t`h1cl~1{?~ ~N~+ipr~ ~r+d~the taid Lettie H. CiQ~Q~01'~_ • ~ Eduard P Con don py(~Jp~. p~d± • f~ _ upon a separate and privat~ ' n~i. 1n~ken ~eparote and apart from her said husba , ecknowledgecl to and brfore me that ahe exetufed said instrurr.ent freefy and volurr ~t~~r wvlt~wlrf~ar~go~ulsion, constroint, apprehens~on, or r of or f:om her s~id husband. :!I~i~t~IESS.ray ~FarftE and _officia) seal this ~ da~ of Jul ~ A. D. 19~ ~ , - :~1- =1 r Notary PubGc in and for the State of Fbrida at larga ~ - ~•,i~..M..~ ? My Commis3ion 8xpifEf: ! I •~~?+rto: . i''ri#t Feder~l~•Savir.~ E loan Aswtiation Of Fcrt Pierce. , : ~ , `j;r~,~, . fort Pisrce, flcrida ~ ' } - " ~t ;i , _ c` F_OP,fDA at LARGE FfLED AND'R~CORDO~K y ~~ti`, ~ ~ _ . . ~ c,o~. z9, 1968 ~g • • E.` YY. DIEY76LHORYT • • - 1N _ . _ . . . ' - ' ~ ~~.w Jl~t .23 PM ~ ~ 56 ! tir. '6~ ~ i~t ~ , ~ RpGER PO?YRA~UNTYRK . : . ST. ~ ~LOR ~ ~ 1~J ~~J _ BGtIK , a~" ~ : _