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Home My WebLink About1639 a. To pl~ct •nd tontinuously keep on the t,ui!dings now or hereafter •itu~te on said lae~d ~r~d on ail equiprne++t ~rd pKSer+~lly cove.~d by thia mortg~ ap~, with dl premiumf the+eon paid +'n fvll, fire imursnce in rhe u~~al ~tandard polity form, i~ • tium appraved by tha MORTGAGEE, ~nd windstorm Nuvr~np In tM uswl ~unda~d po:~ey fwm, in a sum approved by tM MORTGAGEE, in such company w ta+~p~niq ~s thr MORTGAGEE May diracts ~nd •II fir~ and windst~rm insurance policles on ~ny of ~aid build~nqs, any int~r~st tharein ar p~rt thsreof, in the ~qqrey+t~ tum ~fores~wd or M~xte~s tMr~of, sMll cont~in fhe uwal standard morrgagee clau~a or sutfi othsr clause tM Mortgagte may raquin, makinq tfie los~ under uid po~F ti~a, ~+th and ~very, p~yeble ro aiid MORTGAGEE ss its interest may appea~, and each and every such poiicy ihall b~ prompNy ~as:y~ed •~d delivered tp .~ny F~ekl by said MORTGAGEE ~y iurther sacurity to s~id mortgags debt, and, not leas than tan (10) days in advanct of the sxpirat~on of ea:h polity, to dr I~vsr hs aid MORTGAGEE a rtnewel thsr~of, tagetl+~r wifh a race~pt for the pr+mium of suth renewal; end ther• shaN be ra flro or w+~dsto~m ins~iranc~ plK~d on any of said building~, any intercst there~n or part thereof, unlees i~ the form end with the los~ payable as aforesaid; and in the event any wm of mon~y becarws psyabls unda such policy or policies said MORTGAGEE shell have the oprion to rece~ve and apply the ums on account oi the indebted- Mp 1KUr~d hereby w ro permir said MORTGAGdRS to ~eCeive and use it ot any part ihereof for othcr purposes, without therrby waiving or ~mpair- irp any puity, lien ar riqht v~+dar pr by virlue of lhis mortgsqe; and in tl?e svent aaid MORTGAGORS shali for any reason fail to keep the said premises so ir»v~ed, or fail to de~ivar promptly any of said policies of insurante fo said MORTGAGEE, w fai! pramptly to pay fully rny premium therefor or in any nsp~et fail ro perfwm, diuharge, ~xecute, sffett, complefe, comply with and ~b~de by this Covenant, w any part hereof, esid MORTGAGEE may place and p~y fa tuch imurante or any part thereof without weiving or affsttinp any nption, li~n, puity, o~ ?ig~v under or by virtue of this Mort9aye, and tht full ~mount of each and ev~ry tuch payment shall be immediately dus and payabls and ~hal! bear intasett from th~ date thereof until paid at ths ra~e o~ nine par centum pM ~n~um and together with such intzrest shaii be secured by the lisn of thi~ mortflaqe. 1. To psrmit, commit w auff~r no waste, impairmtnt or deterioration of said praperty or any part fhereof. S. To pay all and singular the costs, charges and expensea, includiny a reasonabte attorney's Fee an~ costs of ebstracts of title, incurred or paid at sny time by said MORTtbAGEE, bECause or in the event of the failure on the part of the said MORTGAGOR to duly, prorr,ptly and fully perform, d~acharge. taecut~, effect, tomplete, comply with and ab~de by each and every the stipulatio~s, agreertients, tonditions, and covensnts of •aid promissory note and thit morty~pe any or either, and sa~d costs, chargea and e:penses, eech and every, shall be immediataly due and payable; whether or not there be notice do- mand, attempt to collect or ~uit pendtng; and the fuli amount of eath and e~ery such payment shall bear intereat from the date thereof until paid et the rate of nine per centum per annum; anc! all said costs, charges and expenses irxurred or paid, together w~th auth inter~tt, shall ba setured by the lien of thi~ mort~+q~• 8. That (a) in the evcni of any breach of this Mortgag~ or dcfault on the part of the :NORTGAGOR, or (b) in the event any of seid tums of money haroin teferred to be not promptly and fully paid within thlrty (30) days next aher the same severally become due and payable, without demend or notice, or (c) in the event each and every the stipulations, agreements, cond~tions and covenants of sa~d promissory note and th~~ mortgaga any or either ere nat ~~1y, promptly and f~lly performed, distharged, executed, effected, tompleted, complied with and abided 5y, then in eitMtar or any such event the said eg qregate sum mcntioned in said promissory note then remaining unpaid, with inrerest accrued, and ail moneys secured heteby, shall become dua and pay able forthwith, or thereafter, at the option of said MORiGAGEE, as tully and completely as if all of tf~e said sums of money were original~y ttipulated ro be pa~d on auch day, anything in xa;d promis3ory note or in rhix Mortgage tA the conrrary notwithsrandiny; and thercupon or thereefter at the ap+~on of seid MORTGAGEE, without noti:e or demand, ~uit at law or in equity, therefore or thereafter begvn, may be prosecuted as if all moneys secured hereby had matured prior to ib institution. f. That i~ the event that et the beginning of or at a~y time pendi~g any auit upon this Mortgage, or to foreclose it, or to reform it, or to enforc. payment of any claSms hereunder, said MOR7GAGEE shall apply to the Court having jurisdiction thereof for the appointment of • Receiver, such tovrt shall Forthwith appoint a receiver of sai~ mortgaged property all and singular, includ~ng all and singular the income, profits, issuai and revenues from whatever wurce derived, each end every of wh~ch, it being expressly undersrood, is hereby mortgayed as if spec~ficelly set forth and deicribed in the yranting and habendum clavaes hereof, and such Receiver shall have all rhe broad and effective funct~ons and ooweri in anywise entrusted by e Court to a Receiver, and auch appointmen! shall be made by svch Court as an admitted equity and a r~atrer of absolute right to said MORTGAGEE, and without referente to the •daquacy or inedequacy of the value of the property mo~rgaged or to the solvency or insolvency of said MORiGAGOR or the defendants, and that such rents, profits, income, iasues and revanues shall be appiied 6y auch Receiver according to the lien or equity of said MORTGAGEE end the practice of such Covrt. 8. To du?y, pramptly and fully perform, discharge, execute, effect, camplete, comply with and abide by each and every the stipulations, agreements, conditions and covensntf in sald promiasory note and thls mortgage set forth. 4. That in tfie event the ownership of the morfgaged premisea, or any part thereof, 6ecomes vested in a perwn other than the MORTGAGOR, the MORTGAGEE, itx iucceison and assigns, may, without notice to rhe MpRTGAOR, deal with such successor or wcces~or in interest with reference 9o this mortqaqe and the debl hereby secured in the same manner as with Mortgagor without in any way vitiating or dixherging the Mortgagors' fiability hero- under or upon the debt he~eby secured. No sale of ti,e premises hereby mortgaged ar.d no forbearance on the part of the MORTGAGEE or its successors or assigns and no extension of the time fer the payment oi the debt h?reby secured given by the MORTGAGEE or its successora or asiignt, shall operate to releesa, disci~arge, modify change cr affect the orig~nal I~abll~ty of the MQRTGAGOR he~ein, either in whole or in part. 10. It is specifical{y agreed that ti~ne is of the essence of this contract ar,d that no waiver of any obligation hereunder or of tne obliqetion so- tured hereby shall at any time thereafter be held to be a waiver of the terms hereof or of the instrument secured herby. 11. In add~tio~ to the forego:ng month!y payments of princ'pal and interest required by the prom~ssory no!e secured hereby, mortgagor covenants and agrees to pay to mortgagee with each montnly payment an add~rionef sum esrima~ed by mortgagee to be equal to 1%12 04 the annual tost of the follow- ing: A-All real property taxes levie~ or assess~d against tne above desvi5ed real estate. 8-Premiums on fire and windsto~m ins~!ance as here~n requ~red to be carried on the improveme~ta rtuate on the above described premises. C-Premiums on sucn mortgage guaranty ir.s~rar.ce as mo~tgacee shall from tlme ro time deem fit to carry on the loan secured hereby. Mortgagee shail from iime to time notify mertgagor ~n wriHng of the amount due and payable hereunder and svch surn shail thereupon be due and payable on the dve oare of rhe ~ext month!~ payn;ent and each successive month thereafter ur.til mortgagee a notify mortgagor of a change in such amo~nt. Such sums shall be applied 'oy mortgayee toward the payment of real property fazzs, insurence rem' s, and gua nty in~ura ce prem i ums. IN WITNE55 WHEREQf, the said MORTGAGOR has hereunto set his hand and seal the day an r fir aior Si ned, ~led and delivered in e pres ce of: " ~br~ ~SEa~~ (SCA ($CO~~ STATE OF FLORIQA ~ couNn oF Sei1C~t Lucie ~ Before me ~',ersonally appeared Riehar_ri_Or ~+d~LB.I'-~$ end Frsnee~ L. EdWaras n~s wife, fo me well known and known to me to be the individusls destribed in and who oxecuted the foregoing instrument, and acknowledged before me that they exacuted th~ same for the purposes therein expressed. And the :aid~~'a~1C819 L EdWards wife af the eaid Riehard 0. Edxards , upon a aeparate and priveta e:amination by me taken separate and apart from her said husb~, atknovvledged to and before me that ahe executed said instrument freely and volun- larily and without any compulsion, conslraint, epp~ehension, or f r oi or from her aaid husband. ~,C WITNESS my har.d a~d offic9al seal this day oi Au$~19 t_ A. D. 19 v-~ ~ s: ~ .rc~~ _ Notary Public in and for the State of Florida at large My Commission expires: Rerum To: Nntary Puhl!c, St~te ef flor;~ at ~,~~te Firtt fedRral Savingi & Loan Associat;o~ ~ I( E p~~~ ~ F E C 8 R Q~ D r.~y COI77T SS ~ C::;, i'lOV. 3, 1 i; c: ~ ~on ~,erc~. ~ ~ ~ Q~ Bonded by i~n~~rican Su,Ety C4. of fv_ Y. Fort PiE;`cay Ftorida ` r ~ ~ ~i ~ '~5 `~'n 27 P,'I 3 • ~5 " , . - _ . ~i t !1 r° ~ ' ' ` . . - . . ' ~ ~1 . ~ ~ ? . ~ I\ + t T ~ . . ~;~.~=r.f. . . ~ ~ I. l..'~L,1G LJ ~ . . t=LU~iG~ . , ~ . t - ~o~K1~25 4~7 . ~ - ~ _