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Home My WebLink About1121 - ! I ~ -"__T"r f~ 'F I , , • ' , ~ .f _ . i - ' s ' ~ ii i ~ ~ i t 3. To pl~cy ~nd tO~ti~~ovsly keep on the buildings now or hereafier fitu~te on s~:d land a++d o~ ~II equipmsnt ~nd perto~~ily cowr~d by tl~is mon¢ p~, with •Il pr~mivms ther~y?aid in full, fire inavrence ;n the usuai standerd po~icy fwm, in ~ sum approv~d by the MORTGAGEE, and w~. ds?orm insuranc~ in tM usuel st~ndard po~icy fwm, in s s~m epproved by the MORTGAGEE, In suth comp~ny or compani~i ai th~ MORTGAGEE may dinct; ~nd •II fin ~nd windstorm in~ura~e poliues on any of said twi!d~nqt, sny inMrest tharain or part thereaf, in tha sqgreg~te wm ~fw~said o~ ~ M~xte~s thereof, shall ta+tain ihe uiual standerd mo~tgagee cleuso or auch other clause es fhe Mwfgagee msy riquir~, makin9 Ihe loss under s~id po1F 1 t i M RTGAGEE as its interest ma a pear, and e~ch end every iuch policy shall be promptty ass.gned and delivered ro tie~, ~a<h and ~wry, payab s o sa d O Y P ~ny h~ld by s~id MORTGAGEE ~i further aecurity to said murtgage debt, and, not less than ten (101 day in advance of the expiration of each policy, to da livsr to iaid MORTGAGEE a r~r+ewal the~eaf, toflethirr with a rece~pt for the premium of such ronewal; snd there shall be no fire or windsrorm insur~nce ` ~ r pl~c~d on ~~y of said buildinys, eny interest thertin or parr thereof, unless in the torm and with the loss payab!e as eforesaid; and in :ti+ event eny sum of moe~y b~tomes payable under such polity or palicies said MORTGAGEE shall have the option to receive and apply the same on account of the ~ndeb~ccl- i ~ n~u s~cur~d Mnby or to permit said MORTGAGOR$ to receive and ws it or any part thereof for other purposes, w~tho~~t th~~eor waivi~ig or ~mpair- irq ~ny uquiry, li~n or riyht under or by virtua of this mortgage; and in tha event said M~RTGAGORS shall for any reason fail to keep the said p~emfses so iruvred, or fsil ro deliver promptly a~y of uid policies of iniurance to said MORTGAGEE, or fail promptly to pay fully any prrmium there~ur or in a~y nfpecl fail ro perfwm, ditcharge, execu!e, effett, complete, comply wirh and abide by this cove~ant, or any part hereof, said MORTGAGEE may pls<e and pay 4or such ins~rarue or any part thereof without waivinq or affectiny any option, lit~, equity, or right under or 6y vir~ue of thia Mortgaye: ~he fvll ~mount of ~ath and eve~y ~uch payment shall be immedi~tely due and payable and shall bear intere~t from tM d~te thereoi until paid at the rate o1 nin~ per centum par annum and together with ~uch interesr sha~~ be secured by th~ lien of this mortgage. ~ 4. 7o p~rmit, commit w suffe~ no waste, impairment or deteriorotion of said property or any part thereof. ! ~ ~ ~ 5. To pay all snd iingular the costs, charges and expPnses, intluding a reasonable attorney'a fee and costs of abstra<t~ of tiNe, incurred or paid a: any tims by ~aid MORTGAGEE, because or in the event of the failure on the part of the said MdRTGAGOR to duly, promptly end f~lly perfa.-, discherge. execute, affed, complet~, tomply with and Ab~de by each and every the stipulations, agreements, conditions, and covenantt of said promissory note and thi~ mwtp~pe any or eitF+er, end said cosn, tharges and exoenses, each ar+d every, ahall be immediately due and payabte; whethor or not there be r,otice da mand, sttempt to collect ar tuit pending; and the full amount of each and every suth payment ehall bra. interest from the date thereef until paid at the rote of nine per centum per annum; and all iaid costs, charges and expenses ~ricurred or paid, togeTher w~th such interetit, shall be secured by the lien of thi• ~ mortp.q.. ( ~ a. rh.t c.) in the evant of any breach of this Mortgaye or default on the part of the MORTGAGOR, ar (b) in the event any of said wma of money ~ hsrain referred to be not promptly and fully paid within thirty (30) days next after the same severa:ly become d~e and payable, without demend or notice, ' ~ or (c) tn the event each and every the stipula~ions, agreements, cond~rions and covenanta of sa~d ~romissory note and th~s mortgage any or either sre not 1 ~uly, promptly snd fully performed, discharged, executed, effetted, compteted, complied with end abided tiy, then in either ot any such evenl the said sq- ~ ~ prsyate sum mentioned in said promissory note then remaining unpaid, with i~terest accr~ed, and all moneys aecured hereby, shall become tlue end pay sbie forthwith, or thereafter, at the option of said MORTGAGEE, as fully and compfetety as if all ef the said sums of money wcre or~ginally •tipulated ~ fo be paid on such day, anything in said promissory note or in this Mottgage to the co~trary notwi~hstsnding; and fhereupon er thereafter at the optian of i Nid MORTGAGEE, without notice or demand, auit et law or in equity, therefore or thereafter begun, may be proiecvted ~s if all moneys secured hareby hacJ m~tured prior to it~ institution. ~ 7. That in the event that et the beginning of or et any time pending any su:: upon thie Moftgage, or to foreclose it, or to reform it, or to enforc~ ~ i payment of any claims hereunder, said MORTGAGEE shall apply ro the Court having jurisd~ction fhereof for the appointment of a Receiver, such tourt shall i forthwfth eppoint a receiver of sai~ mortgaged propzrty al~ and singuler, intlud~ng all and sing~lar the income, profits, issuet and revenuei from v.!+atever ' wurce derived, each and every of wh~ch, it being expreesly undersiood, is hereby mortgaged as if spec~fically set forth and described in the gronting and j habendum clauses hereof, and such Receiver shall have ali the broad and effective fund:ons and powers in anywise emrusted by a Cowt i9 a Receiver, and ~ wth eppointmtnt shall be made by such Court as an admitted equity and a matter of absolote r,ght to said MORTGAGEE, and withcut referente ta the ~ ~deqtracy or inadequaty of the value of the prnperty mnrtgaged or to the sotvency or insolvency of said MORTGAGOR or the defendants, and that ~~ch rents, profin, intome, isaues and revenues shall be applied by such Receiver according to the lien ur equity of wid MORTGAGEE and the practice of tuch ~ ~ Court. j - 8. To duly, promptly and fully perform, discharge, execute, effect, complete, tomply with and abide by eath and every ihe stipulations, agreements, ~ ~ ronditions and covenants in aaid promissary note and this mortgage set forth. ' 4. Thet in the event the ownarship of the mortgeged premises, or any part thereof, becomes vested in e perton other tha~ the MORTCaAGOR, the MORT~'sAGEE, its ~uccessors and assigns, may, wirhour notice. to the MORTGAOR, deal with such successor oi wccessor in interesr with reference to this mortflage and the debt hereby secured in the same manner as with AAortgagor without in sny way vit;ating or dittharging the Mortgagort' liability here- ~ under or upon the deb~ hereby secu~ed. No sale of the premises hereby mortgaged and no forbearance on the part of the MORTGAGEE or iti successors j or aiaigns and no extension of the time for ths payment of the debt hereby secured given by the MORTGAGEE or its auccessors or assigns, shall operate ~ fo rolease, diacharge, madify change or af#ect the orig~nal Gability of the MARTGAGOR herein, ei!her in whole or in part. 10. It is apecifically agreed that time is oi the essence of this contract and that no waiver of any obligat;on hereunder or of the obligetion so- c~red hereby sheli et eny time thereafter be held to be a waivet of the term• hereoi or of the instrument secured herby. ~ 11. In add~tion to the forego'r.g monthly paymenn of princ'pai anJ interest req~~red 'oy rhe promissory note secured hereby, mortgagor covenante and agrees to pay to mortgagee with each monthly payrnent an addi+ional sum est?mated by mortgagee to be eq~al to 1 j 12 of the annual cost of the follow- ing: s I A-All real property taxes levied or assessed aga~•ist thc above desu~bed reat esrate. ~ B-Premiums on fire and windstorm ins~~rance as hereln reqv~red to be carried on the improvemenrt s;tuate on the abeve described premisex. C-Premiums on such mortgage guaranty insurar,ce as mortgagee ahall from t:me to time deem fit to carry on the foan secured hereby. Mortgagee shall from time to t~me not~fy mortyagor in writ;ng of the amount due and payable hereundar end such s~m shall !hereupon be due and payable on the due date of the ner.t monthly payment and each svctessive mor,th thereaftcr ucti! mortgagee shall notify mortgager of a change +n s~ch emount. Such sums shall be applied by mortgagee toward the paymen! of reaI property taxes, insurance prem;ums, and mortgage guaranty insurance , premiumt. ' ~ 1N WITNE55 WHEREOf, the said MOR7GAGOR has here~nto set his hand and seal the dey and year first aforesaid. ~x { S' ne eled a`ry`r d ere i. he presence of: ' /N~ (Seel) ~ f ~ _ ` lSsal) ~ ~ ~ (Seai) _ (Seal) 1 STATE dF FLORIDA ~ cour~r~r oF Lur.ie- - - _ ~ . Before me personally ap,~eared Frs~dsiie Ta lnr and f _S}7~1'ZA~~$ylOl' his wife, to me well kr.own and k~own to me to tx the individuals described in and who exxuted the foregoing instrument, and acknowtedfled before me that they executed the same fot 4he purposes therein expressed. And the said ~h i rl @.T_T.RTZ OI` wife of the said ~ , ~pon a aeparate and private i examination by me taken separate and apart from her said h~sba~d, acknowle ged to and before me that she execu!ed said instrument freely end volun- tarily and withovt any compuls+on, constraint, apprehens~on, or~ar of or from her aaid husband. ' / ~ll L~ ~ WITNE55 my hand and official sezf this d~y of U _t A. D. 19~22_. ~ ~ ~ - 1 ' ~ Notary P lic in and for the 5late of Florida at large My Commi;sion expir~es: ~~~y~~L~ ~ Return To: fint Federal Savinys ~ loan Association ~ L;~RGE ~ r. ~ Of Fort P~erre. ('}C ~ i~~, I?~~ Fort Pierce, F!orida ~~C7VV~ J - ~ --:•r~~no~s7 +h~. FIL ,gNA EC RD - . ~ ~ ' ~ - . . . ~1C1d11 t~ ~ 0 0 K = ~ ~ , , ~ ~ i ; - ~ - : ~ _ . ~ - , - i . _ : ~ .ro+.`~. . -r`~, . ~ } ' ~ - . • L.,' ) 3l i . ~ 'ci5 1''~' 16 9: 19 ,~r~, , , _ ' ` ? ~o;~ . ~ j ; r ~ ~ - r, ~ ~ ~ .~i•..r:. , ROi1~= E; ~ ,i,',~~. CLERK - ~ ~ T. LrF LO R D AU N T Y. g00K ~~rO ! . Sr~ ' _ . ~ ~ ~ , ~ _ _ ,