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Home My WebLink About1161 To piaci •nd continuously kesp on the buildings now or h~re+~her sit~ats on said land snd on •II equiprn~M ~nd p~rwr+~~1y cov~r~d by thii nwr?g• pr, with •II p?~mium~ therwn paid in full, firo insurance in rhe usual stardard policy Form, in a sum spprowd by the MORTGAGEE, ~r+d windatwm kuuranct in tha u3u~l f~tanda~d poliry form, in • sum approved by the MARTGAGEE, i~ fuch company or ccrnpsniea at th~ MORTGAC-EE may dir~tt; and aN iin ~nd windstorm insurartce policies on any of ssid buildi~gs, ~ny intersst therein or part thareol, in the +gyreqste cum aforst~id a in ~xrnf fhe~~of, thali contain th~ usual sta+ldard morega9ee clause or suth other clause es the Mwtgagee may requir~, makinq the los~ unuar said poli- tia, Nch ~nd every, payable to aid MORTGAGEE as its interest may appea~, and euh and e~~ry such policy shall ba pron+ptly ase.gned and delivered to ~ny F»Id by ~aid MORTGAGEE es further se[urity to faid m~o~tgaye debt, encl, not leu than ten (10) days in advante af the ezpiration of eath polity, to de- liw+ to said MORTGAGEE a r~newal thsreof, togerh~r with a rece~pt for the pramium of euch rtmewal; and there shall be no fire or windstorm insurante plat~d on a~y of said bu~ldings, any interest therein or pari thereof, unles: in the form and with tfie loss peyable a: aforesaid; and in the evertt any t~m of monsy betomes payable undes auch polity or policees said MORTGAGEE ~hall have the opt~on to reteive and apply the san~e o~ account of the indebted- n~as ucurad hereby or to permit ~aid MORTGAGORS to receive and use it w any part thereof for other pu~poses, without therebr waiving or ~mpair• iny any puity, IiM w right undet w by virtw of this mortgsge; and in tha event s~id MORTGAGORS shall for any reation fail to keep the taid premist~ insured, or fail to deliver promptly any of said policies of insurocx+ to said MORTGAGEE, or fail promptiy to pay fulty eny premium therefor or in anY nsp~d f~il to psrfwm, diacharge, execute, effKt, complete, comply with end ab~de by this covenant, or any part hereof, seid MORiGAGEE may place a~d p~y for such iraursnts or any part the~enf without waivinq or affxtirq any option, lien, equity, or ?i9ht under a by virt~e of this Mortgaya, and the fvll amWnt of rach snd evtry such payment shall ba immediately due snd payable •nd ahall bear interest from tFa date thereof unti! paid at the rate o1 nine p~r centum per annum and together with such inte:est +hall be securcd by the lien of tfiis mortgege. ~1. To p~rmit, commit or suff~r r.o waste, impairment or deterioretion of said property or any pari thereof. S. To pay sll end sirsgul~r the coits, charges and expenses, including a reasonable ettorney's fee and costs of abstrocts of titlc, incurred or paid at any time by faid MORTGAGEE, 5ecause or in the event of the failure on the part of the said MORTGAGOR to d~ly, promptly and fully pe+form, distherge, ~xecut~, effect, complete, comply with and ab;de by each and every the atipulations, a9reemenrs, conditiom, end covenents oF said promissory note and thii mortqape any or either, and said cost~, chargea and expenses, each and every, shall be immediately due and payable; whether ur not there be notice de~ m~nd, ~ttempt to tol!est or suit pend~ng; and the full amount of each and every such payment shall bear interest irom the date thereof until paid at the reta of r.ine per centum per annum; and al~ said costs, charges and expenses incurred or paid, tcgether w~th suth intere~t, ~hall ba secured by the lien of thif rtw~?9+~e• 6. That (a) in the event of any breath of this Mortgage or default on the part of fhe MORTGAGOR, or (b) in the event eny of aaid s~m~ of money herstn referred to be not promptly and fully paid within thirty (30) days next after the same severally become due and payable, without demend or notice, or (c) ln the event each snd every the siipulations, agreements, conditions and covenants of •a~d pr~missory note and thla mortgage sny or either a~e not ~vly, promptly and futly performed, discharged, exer.uted, effected, completed, complied with and abided ~iy, then in either or s~y such event the'said ay prayate eum mentioned in said promissory note then remaining urtpaid, with interest accrued, and all moneys setured hereby, aha11 become due end pay abls farthrvith, or thereafter, at the opt~on of sa~d MORTGAGEE, as fuIly a~ comple~ely as if all of the said sums rf mo~ey were or~ginally stlpuleted to b~ p+ud on auch day, anything in sa;d promissory note or in this Mortgage to the contrary notwithstandinq; and thereupo~ or thereafter at tha option of s~id MORTGAGEE, witf.out noti<e or demand, suit at law or in equity, therefore or thereafrer begvn, may be prosetutcd ~s if all moneyt seturad hereby had m~tured pr~or to its institution. 7. That in the event that at the beginning of or at any time pe~ding any suit upon this Mortgage, or to foreclose i4, o? to reform it, or to enforte payment of any claims hereunder, said MORTGAGEE sha~l apply to the Cour1 having jurisd:ction thereof for the appointment of a Receiver, auch Court shall Forthwith appoint a receiver of saijl mortgaged property al~ and singular, includ~ng all and sing~lar the income, profits, iisues and revenuef from whatever wurce derived, each and every of whi~h, it being expressly undersrood, is hereby mortgaged as if spec~fically set forth and destribcd in the grenti.ig and habendum davaes hereuf, and such Receivar shall have all the broad and effective funct~ons and powers in anywise entruited by a Court tp a Receiver, and tvch appointment shall be mede by such Court as an admitted equity and a matter of absolute right to said MORTGAGEE, end without reference to the adequacy or inadequacy of the value of the property mortgaged or to the sotvency or insolvency of saici MORiGAGOR or the defendants, and that such rent~, profin, income, issue~ and revenues shall be applied by such Receiver according to the lien or equity of snid MORTGAGEE and the prattice of such GOUrt. 8. To duly, promptly and fully perform, discharge, execute, effect, cemplete, comply with and abide by each and every the stipulatio~s, agreements, tonditions and cove~ants in said promissory note and this mortgage set forth, ' 9. That in the event the ownership of the mortgaged premises, or any part thereof, becomes vcsted '+rt s perwn other then the MORTGAGOR, the MORTGAGEE, lt~ succesaors and assignz, may, without notice to the MORTGAOR, deal with s~ch tuccasso• or wcces~or in interest with reference to this mortye9e and the debt hereby secured in the same manner as with Mortgagor w~thout in any way vitiating or d~schsrginq the Mortgagori liability hera under or upon the debt hereby secured. No sale of the premises hereby mortgaged and no forbearance on the pert of the MOR1GaGEE or its wccessoro or atsigns and no exrrnsion of the time for the payment of the debt hereby secu~ed g~~en by the MORTGAGEE or its ~uccessors or astignt, ahall operate to relesse, discharge, modify change or affect the orig(naI iiab~Iity of the MORTGAGOR herefn, either in whole ar i~ part. 10. It is apecifically agreed that time is of the essence of this controct and that no waiver of any obl+gation hereunder or o4 the obli9ation se- cured hereby shall et any time thereafter be hefd to be a waiver of the te:ms hereof or of the instrument setured herby. 11. In add~tion to the forego:ng monthly payments of princ'pal and interest required by the prom~ssory note secured hereby, mortgagor tovenant~ and eqrees to pay to me:tyagee with each momhly payrnent an add~iional sum estimated by mortgagee to be equa! to 1 jl2 of the annual cost of the follow- ing: A-All real property taxes levied or assessed agai~st the above described real estate. B-Premiums on fire and windstorm insu~acce as nerein requ~red to be carried on the imprcvements sit~ate on the above descri5ed premises. C~-Premiuns on euch mongage ~uaranty inwrance as ma~tgagee shall from t~me to time deem fit to carry on the loan secured hereby. Mortgagee shal! from time to time notify mortgagor in writir.y nf the amouot due and payable hereunder and such sum shall thereupon be due and payable on the d~e date of the next monthly payrrent and each successive month thereaf~er until mortgagee shall not~fy mortgagor of a change in such amount. Such sums shall be applied by mortgagee tov~-ard the payment ef real property taxes, insurance prem;ums, and mortgage guaranty insurance premiums. IN WITNESS WH REOF, the said MORTGAGOR has hereunto set his hard and seal the dey ano year rst aforesaid. Siyned, Sealed d d ~r~'n th esence of: ~ ~j-, -`J/~7 ! ~ ~ ~~l ~ ~ U~1 ~7i~~ ~xe~) _ ~~j''.~.~'~'-~1 t5eel) (5eal) (Seat) STATE OF FIORIDA couNrr oF ~t . Luc i e ? Befare me personally appeared Q-gn~_ and ~11 ~l9 N V&713 his wife, to me well known and known to me to ba the individuals deacribed in and who executed the foreyoing instrument, end atknowledgtd before me that they exetuted the same for the purposes therein expressed. And the taid ~ Ol~i@ F+YA21$ wife of the said D J. VAYl$ , upon a separate and private examination by me taken separate and apart from her said husband, atknowledged to and before me that she executed said insttument freely ar,d volun- tarily snd withovt any cnmpu!sion, <onstfa~nt, apprehensi fear of or 4rom her said husb~nd. WITNE55 my hand and officia! seal this day of Au t A. D. 19~ . r Notary Public in and for the State of Florida at Large My Comroi:sion expires: Retum To: Fir~t Federal 5avings & Loan Associat~on Of Fart Pierce. ' ~ ~ 'E Fort Pierce, florida . _ ~ , , _ t`:;'a „FIL~F~r AND REC~RDEO : ~r, _ ~.v, E' UITJCJdI-. 3f~ 0 K t ; . , - , ''c. _ , _ . . 1. :~~f,k-f . ~ ,T ` ' " ` ' ° ~65 ~ 6 ~7~.-, 1-~~G,= . ' • ~ PM CZ : y 6 : . , . ' J~, ~.i.~~~~h~~r, ` ~ ' " i,`'. ~ i~~•~ ~.p.~ ; ~`J~; ' ~LcRK ~ si.~~~c~~ cour~~Y. oR 12~ 5~ FLORIQA gQ~( ~ -