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Home My WebLink About1633 To pl~ ~nd conti~vovsly iceep on the buildinqs now or herp~h~r sitwt~ on said la~d and on +11 equipment ~~d ptrsonally ~ov~red by this mortg- ag~, witA •11 premiums fh~reon paid in full, fire insurance in tha usua! ftanderd potity 1orm, in a sum approwd by tfie MORTGAGEE, •nd windatwm lhwranc~ ln tM uswl atanda~d po~iry fam, in a sum app?oved by the MORTGAGEE, 1~ suth company or compan~es ~s the NORTGAGEE may dinttt +nd dl fin and wind+to~m inwrance polizie~ on sny of said bulld~rgi, iny int+rtst thKein w part thereof, in the aqg~ryate sum ~fwQSaid w In ~xoys thenof, sMll contain ths usual standard mortgagea clause or such othet cl:use as tM Mortyaqee may roquir~, m~kinq rhe lois under s+~d pol~ tiy, ~ach and svery, p~yab?e to sa~d MOkTGACrEE as ~rs iroerest may appear, and each and every such policy shall be promptly e~s yned and de~iverod to sny Mld by iaid MOiiTGAGEE funher ucurity to said mortgage debt, •nd, no1 I~ss than ten (10) deys i~ advance of the expirot~on of esch polity, to de- ~iwr f0 a~id MORTGAGEE a t~newal tMrwf, toqethfr with a retcipt for the pr~mium of tuth ranewal; and thsre ahall ba no fin or windsturm iniur~nce pl~tsd on any of said buildinys, any interest therei~ or part thereof, ~nleu in the form and with the loss payable as aforeyaid; and in the event any sum ef money betomrs payable under such polisy or policies said MORTGAGEE thall have the optio~ to reteive end app:y the urr.e on account of the indebted- ~w~a s~cur~d hareby or ro permit said 610RTGAGORS to reteive and use it or any part thereot for othcr purposes, w~~hout thereb~ waiving o~ impair- k?p ~ny ~q~ity, lien w riqM u~der ot by virtw of thi~ mortgaye; ~nd in the wenl uid MORTGAGORS shall for any reaion fail to keep the eaid premiaes so insu~ed, w fail to deliwr promptly any of ~aid policief of insur~nce to faid MORiGAGEE, or fail promptly to pay fully a~y premium therefor or in en'y r~~p~d fail b ptrform, dixh+rge, execute, •ffect, compt~te, comply with ~nd +bide by ihis covenant, or ~ny part hereof, said MORTGAGEE may place and pay for auch insurancs w any piH flt~reof withcwt w~iriny or affetNny ~ny option, li~n, equity, or riqht under ar by virtw oF this Nlwtgaqe, +nd the fvli uno~nt of ~ach ar+d every such payment shalt be immcdirtely dw and pay~blR ~nd ahsll bear interett from tM date thereof until paid at the rata o1 nine p~r centum per annum a~d together w'rth auth inrorest shali be secured by the lien of thi~ mort9ega. 4. To permit, commit or wffer rro waat~, impeirrr.ent w deterioretion of said property w any psrt therrof. 5. To pay all and sing~lsr the cost~, charges end expensea, including a reasoneble ettorney'a fee and costt of abst.ads ef title, incurred or peid at rny time by taid MORTGAGEE, because ar in'the event of the failure on the part of the said MORTGAL'sOR to duly, promptly end fully perform, d~scharge. Rxecut~, effett, complete, cwnply with and sb~de by each and every the st~pulationa, agieement~, conditio~a, and covsnants of said promissory notr and thi• mortgage a~y w eiiher, and said cosh, chsrge~ and expe~ses, each end every, sM~a~l be imme.~iately due and payeble; whether or not there be not~te da mend, attempt to tollect or tuil pendi~g; and the fu~! amount of each and every auch payment shall bear interest from Ihe dete thercof until paid at the rata of nine per tentum per annum; an~: all said costa, cha:ges and expenses inturrrd w paid, together with tuch intensL ~hall be securet! by the lien of thi~ mwf0+4~• 6. That (a) in the event of eny breach of this Mortgage or default on the part of the MORTGAGOR, or (b) in the event any of aaid auma of money herein refarred to be not promptly and ful~y paid within th~rty (30) days next afte~ the same severally become due and payable, without demend ar notice, or (c) in the event each snd every the stipufations, agreemcnts, conditions and tovenants of ra~d promisiory note and th~~ mortgage any or either are not ~uly, promptly and fully performed, discharged, executed, effected, completed, complied with snd abided by, then in either or ~ny iuch event the said a9r ~royate sum men+tioned in aaid promissory note then remaining unpaid, with interest accrued, and aIl moneys aeNred hereby, ~hal) become due end pay- •ble forthwith, or ehereafter, at the option of said MORTGAGEE, as fully and completely ai if all of the aaid tums of money were or~ginelly st~pulated to be paid on such day, anything in said prom~ssory note or in this Mortgage to the co~trary notwithstsndinq; and thereupon nr thereaher et the option of t~id MORTGAGEE, w~thouf notite or demand, suit at law or in equity, therefore or thereafter begun, may be prosecutsd as if all moneys secured hereby hai! matvred prior ro +ts institution. 7. That in tht event that at the 6eginning of or at any ti:ne pending any au~t upan thi~ Mortgage, or to foretlase it, or to reform it, or to enfort~ payment of eny claims here~ncler, said IAORTGAGEE shall app!y to rhe Co~rt heving jurisdiction thereof for the ~ppointment of a Receiver, such Co~rt ~hell Forthwith ~ppoint e reteiver of sai~ mortgaged property all and singular, includ~ng all and singular the income, profits, issues end revenues from whats~er tource derived, each and every of which, it be~ng express~y understood, is hereby mortgeged as if speclficatly set forth and detcribed in thc yronting and hebendum tlauses hereof, and su<h Reteiver shell have a!t the broad and effective funct~ons and powen in anywise entruated by a Cou~t tq a Receiver, e~d •uch appointmcnt ahall be made by wth Court as an admitted equ~ty a~d a mstter of absolute right to said MORTGAGEE, and without referenct to Tha adequacy ot inadequacy of the value of the property mo~tgaged or to the solvency or insolvency of said MORTGAGOR or the defendants, and rhat such rentt, profib, in:ome, issues and revenues shall be applied by such Receiver according to the lien or equity of seid MORTGAGEE and the practice of such COilrt. 8. To duly, promptly and fuliy pcrform, discharge, exec~te, efirct, complete, comply with and abide by each •nd every the ttipulations, agreamenU, conditions and tovenants in sa~d pramissory note and this mortgage set ferth. 9. That in the event the own¢rship of ihe mortgaged premises, or any part thereof, becomes veated 3n a perwn other than the M'JRTGAGOR, the MORTGAGEE, its iuccessors and essigns, may, without nat~ce to the MORTGAOR, deat with auch successor or wccessor in interest with refertnce ta this mortgage end the debt hereby secured in the same manner es with Mortgagor w~thout in eny way vitiating or discharging the Mortqagors' liability here- under or upan the debt hereby secured. No aale of the premises hereby mortgaged ar,d no forbearance on the part of the MORTGAGEE or its successors or assigns and no extension of the rime for the payment of the debr hrreby secured given by the MORTGAGEE or its succe3sors or ass~gni, .i~a11 operate 1o release, discharge, modify change or affect the original liability of the M10RTGAGOR herein, either in whole or in part. 10. It is specifically agreed that time is of the essence oF this contrect and thet no weiver o` any obligation hereunder or of the oblipation ae- cured hereby shall at any time thereafter be heid to be a waiver of the tarms hereof or of the instrument tecured herby. 1!. In jdd~tion to ihe forego:nc~ monthiy paym?nis of princ'pal and interest required by ihe promissory no!e secured hereby, mortgagor covenants and agrees to pay to mortgagee with each monthly payrr.ero an addi~ional sum estimated by mortgagee to be equal ta 1 J 12 of the annual cost of the follow- ing: A-All real property taxes levied or assessed agai~~st the above desc~ibed real estate. 8-Premiums on fire and windstorm insurance as here~n requ~red to be carried on the improvementt sltuate on the above described premises. C-Premiuma on such mortgage gua+anty insurar~ce as mortgagee ahall from t~me to time deem fit to carry on the loan secured hereby. Mortgagee shail from time to ti~ne notify mcrtgagor in wr;ting of the amount due and payable hereunder end such sum shall thereupon be due and payable on the due date of the next monthly paymer.t and each success~ve momh thareaft~r ur,til mortgagee shali noi~fy mortgagor of a thange in wch amount. Such sums shail be applied by mortgagee toward tne payment of real property taxes, insurante prem~~ms, and mortgage guaranty insurance prerniums. IN W17NESS WHEREOF, the said MORTGAGOR has hereunto set his hand and seal the day and year firat aforesaid, igned, Se ~ d end d' ered in tfie presence of: v ~ ~ (Seal) _ _ ~ (Sra I) (Seal) (5eel) S1ATE OF fLORIDA u. couNrY oF Luc ie ~ Before mc personaliy appeared CrA1bTp~n R$~Lmj nQ and ~jertha Ii _ R~r?m~_nQ his wiie, to me well known and known to me to be the individusl~ described in and who executed the foregoing instrument, a~d ecknow{edged before me that they executed the same for the purposes rhereir. expreue~. And the sa~d-_ MHl~thg H_ ~8~1~g wife oi the iaid Gear~e D_ REI~~ upon a aeperate and privete exam+nation by me taken separate and apart from her said h~sband, a<knowledged to and before me that she exacuted said instrument freely and volun- tarily and without any compulaion, constraint, apprehension, pz,fear of or from her said huaband. WI7NE55 my hand ar.d officia! saal this_ _ day o.' A. D. 19~- ~ - - Notary lic in and for the State of fbride at large My Co mission expires: Retum To: NOtd. p~~' rY C, S!etP. Cf F.`~r'a3 5t L~ First Federal Savingt ~ Loan Aa:oclation ~,a . ~ _ r~d -~qr~F~~jP~.<e. FILED AND ttEC~R~~~ EO(l~b~ C'.:i?~~.«,;'=_.,~:'::i ~.~r. ; ~on ~P~~rc~~, Eian~~. tCb$~- ~P.t'fl1't~--~ 0 ~ K ~ - - ; : - . . '65 A~)G 2 7{~ „PM, , ~3 : 35 ' . .-F~- - ' ..::'~1,, - ' • . ~ ~1~+~~`~ `'<r ' -S. J.. . . . . ~ " ~ . . ROG~ r,.~: CLERK - ; ~ ' . ~ ST. LUCIE COUNTY. - • - ' - FI~OftIDA - ; . BooK ~.~5 4~1 . . , ~ _ -