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Home My WebLink About2034 3. To plate •nd tontinuously ke~p on tM buildinyt now o~ her~eftor iitu~te on said I~nd and on all equipment and penor~ally <overed by thit mortg- p~, with al1 premivms thereon paid in ful~, fire insu~ance in rhe usual •ta~+dard policy form, in a s~m spproved by the MORiGAGFF, and windstorm lruurante in the u~ual ata»dard pol~cy f~rm, in s sum approved by the MORTGAGEE, in ~uch tompany or tempa~iea ~s th~ MORiGAGEE may dir~ct; anr) all fir~ •nd windstorm insurance policiet ,r~ any of said buildinys, ~~y infKest ther*i~ or part ihereof, i~ Ih~ ~ggrlyate s~m afw~teid o~ i~ ~xcHS thereoi, sh~ll contain rhe usvel srandard mortgagee clavae a ~uc}f other clause ~s tM Mortgagw may require, m~kinp the lo~a under ia~d polr tin, each and w~ry, payabts to iaid MORTGAGEE it~ interest may appear, snd each •nd every such policy •haN be promptly ass yned end delivered ~o ~ny held Ey said MORTGACiEE ~s further se<u~~~y to said mortgays debt, and, not leu fhan fen (1Q) days irt edvance of the expir~t;on of esth polity, to dr liwr to uid MORTGAGEE s t~nswal rherrof, toq~!Mr with a r«eipt for the premium of such renewal; and there fhall be no fire or winda~onn ;nsurance pl~t~d on ~ny of taid buildinqa, ~ny imerest tharein a pait ths~eof, unle+s in t form •nd with thv losa payable as aforeaeid; and in the QVR~tf iI1Y sum of mon~y betomes peyable undcr ~uch peGcq w pol;cies said MORTGAGEf shall he~the option te reteive and apply Ihe seme on accouM of the indebted- t+eoe ~ecured hersby w to permit sa~d MORTGAGORS to reteive and use it w any part ihereot fo. ofh~•r purposes, v.~~no~~~ ~h,rcuy wai~ing or ~n,pair- irg any equity, li~n or right under or by virtue of this mor!gage; end in the ererit sa~d MORTGAGORS sha!I for any reason fai! to keep the said prsmises io inaured, cr fail io deliver promptly ~ny of ~aid policies of insuranc~ to said MORTGAGEE, et Fail promptly to pay fully ony premium thc-afor o~ in any rsspert f~il to perform, dlatharge, exec~te, effed, compieta, comply with and sbid~ 6y thi? covenant, or any pa~t hrreof, said MORTGAGEE may plste and pay far auch inavrane~ or any part therpof withoue waivitrp w affectinq any option, li~n, equity, o~ righr under or by virtue o! this Mortya9a, and the full ~mounf of each and w~~y such payment shall be immsdietely. due and payable and ahall bea~ intereat from the date thereof until paid at the ra4e oi . nine per centum per annum and together wirh svch interbsr sh:Ii ae secured by ihe lian of thi~ morrq~gc. 4. To permit, commft or auffer no waste, impairment or ~leteriorstion of taid property or eny p~rt thereof. 5. 7o pay all snd iinguler the costs, chargas and expenses, includin~ s reasonable attorney's fee and cos~s of abst~acta of title, incurred or paid at any time by said MO~tTGAGEE, because or in the event of the failure on the part of ths aai~ MORTGAGOR ta dufy, prompNy and fully perform, d~scharge. aze<ure, effect, complete, comply with end ab~de by each and every rhe stiputarions, agrcrmenb, condiiiom, sad covenanrs af ~aid promissory note ~nd th;~ mortyago any or either, snd uid cosb, chargea and expenses, each end every, shall be immediately d~e and payable; whetfier or not there be noti~e de mand, artempt to rnllect or ~uit pending; end tha full errauni of each and every such payme~t ~hall bear interest from the date thereof until paid e1 the rate of nine per centum per ennum; and all said costs, ttiarges and expenxes irxurred or paid, together w~th such interest, shall be secured by the lien of thi~ mwtqay~. 6. That (a) in 4he event of any breath of this Mortgage or defautt on the part of the MORiGAGOR, or (b? ~n the event sny of said tum~ of money herein referred to be not promprly and fully paid withi~ thirty (30) days ~ext after the same severally beccme due and payable, without dema~d or notice, or (c) in the event each and every the stipulationa, agreements, conditions and rovenants of sa,d promissory ~ote and th~s mortgage any or eithtr •r~ not ~uly, promptly end f~!!y performed, discharged, executetl, effected, completed, tomplied with and abided ;y, then in either or any such event the said ag• pregate tum mentioned in said promissory note then re~naining unpaid, with interest accrued, end aIl moneys secured hereby, •hall becoma due end pay~ able forthwith, or thereafter, at the option of aaid MOR7GAGEE, as fvlly ancl comple:e~y as if ail of the said sums of money were originally sttpulated to be pa{d an auth day, anything in sa:d p~om~ssory note or in this Mortgage to the contrary notwiths~end~ng; and there~pon or thereafte~ at the option of ~eid MOR7GAGEE, w~thout not~ce or demand, a~it at law or in equity, therefore or thereafter begu~, may be prosetuted at if atl moneys smcured heteby hed matured preor to iti instilution. 7. That in the event that at the beginni~g of or at any time pending any suit upon this Mortgage, or to foreclose it, or to reform it, or to enforce payment af eny claims hereunder, seid MCRTGAGEE shall apply to the Cou~t having jurisd(ctiqn thereof for the appointment of a Receiver, such Gourt shaN forrhwirh appomt a receiver of said mortgaged properfy all end singular, indud~ng a~l and s~ngular the income, proflfs, issues and revenues from whatev~r so~rce derived, eath and every of which, it bei~g expressly under3tood, ia Fereby morrgaged as if tpec~fically set forth and described in the granting and habendum c(auaes hereof, end such Receiver shaii have aH the broad and effective func~;ons ard powe~s in anywise entrusted by a Court to a Receiver, and wch appointment shall be made by such Court as an admitted equity and a maite~ o` absolute right to said MORTGAGEE, and without referen<e to the edequacy or inadequacy of the value oi the property mortgaged or ta tne solvency or insolvency of said MORTGAGOR or ihe defendanta, ane~ that such rents, profils, income, i~sues and revenues shall be applied by such Receiver according to the licn or eq~ity of said A10RTGAGEE and the practite of such Court. 8. To duly, promptly and fully perform, discharge, execute, eifect, cornp(ete, comply wirh and abide by each and every the atipulations, egreements, condi:ioro and covenants ln said promissory note and this mortgage aet fonh. 4. That in the event the ownersh:p af the mcrtgaged premises, or any part thereof, becomes vested in a person other than the MORTGAGOR, the MORTGAGEE, its suctesso~s and essigns, may, without notite to the MORTGAQR, deal with such successor or successor in interesl with reference to this mortgage and the debt hereby secured in the same manner as with Mortgagor without in eny way vitiating or dlscharg~ng the Mortgagors' liability hcrr under or upon the debt hereby secured. No sale of the Fremises hereby mortgaged and no forbearance on the pari of rhe MORTGAGEE or it~ successors or assigns and no exrension of the time for fhe payr.~ent of the debt hereby secured given by the MOR7GAGEE or ita successors or ass;gns, ,hall operafe lo release, d~scharge, modify change or affect the oriqinal Iiab:I~ty of the MORTGkGOR herein, tither in whole or in part. 10. It is spec~ficatly agreed that time is of the essence of this contract end that no waiver of any obligation hereunder or of the obligation se- t~,red hereby shell at any time thereafter be hetd to be a waiver of the terms hereof or of ihe insrr~ment secv~ed herby. l l. In addl:ic~ to the forega'ng month!y payments of prinCpa! and inferest ~eqvired by the From ssery no!e secured hereby, matga~or covenants and agrees to pay to mortgagee v.ith eath monthiy payrnent an add~rional sum estimated by mortc}agee to be equal to 1: 12 of the annual cost of the follow- ing: ' A-All rea! property taxes levied or assessed ag3t~,st thc above described real estate. B--Pr~miums on fire and winds~crm insuranee as nere~n requ~red to ba carried on the improvements sh~ate on the above d=scr;bed premises. C-Premiun+s on such mortgage guaranty insurar:ce as mortgagee shall from t;me to ti~ne deem fit to carry on the loan sec~red hereby. Mortgagee shail f~om time to tlme notify mortgagor ~n tvrit~ny of the zmount due and payable hereunder and such sum sfi~il there~pon be due and payable on the due date oi the next month;y payment and each successive month thereafter unti! mortgagee shatl not~fy mortgagor of a change in such amount. Such sums sha!I be applied by mortgagee towa;d the payment of rea! property taxes, insurance prem;ums, and mortgage guaranty insuran.e premiurns. 1N Wl~NESS WHEREOP, the aaid MOR7GAGOR has he~eunto set his hand and seal the day and ye first afores ' ~ / 5i ned, Sealed and livered in ~e presence of: fc.t/" / (Seal) - (Seat) - (Sea Ij ~ - - (Seat) STA7E OF FLORIDA ~ SS. COUNTY O~ Saint __L_ucie i Before me persc,nally appeered L 1 O y d T 8~ L O I' end . C~:lbti 7 C~@ F_ T~vlc~7[+ his w~fe, to me well known and known to me to 6e the individuals described in and w o executed the foregoing instrumenl, and acknowledged before me that they execvted the aame for !he purposes therein expressed. And the said_StJ Q~~ ~ C~C F._ T~y_1 or wife of the faid I~~ovd Teylor upon a separate and private examination by me taken separate and aparl from her said husband, ecknowledged to anci before me that she exetuted said instrument freely ard volun- rarily and wHhout any tomputsion, tonstrainL apprehensbr., qs fear of or from her said husband. 3 A ~ us t L~ WITNE55 my hand and officia! ual this_ day of ~ A. D. 195~ ~ ~ ~~»N~i otary P~blic in and for ~e ta ~ F~rida at Lar e J. M Commitsion ex iret: G ' ''//j~,,ft+y~m To: Y P ~ • ~ I' ~!7 ~ ; ~ . r~,; ~t •~irot Federal~,Sayir~i d Loa s tio ::J t 5:~ t, t~ ~ 1` . " ya ~orF• P~ercet~~~ ~ND RECORDED , . , _ . ~ - ` ~~._.80DK ~ ' ' ~ Fort ~e~cf; Ffprid~ • , ~\J•'J• V`~ . t,; ~F~'. ` u g ~ '65 SEP 7 PM 3 ' 37 . ..:.,~y~ "%~n ~ ~ . ~ ,4 • ~ : f', ,~,°'f• j~_ .~.L.Ji ~T j `t._l ' C. t • j • ~ . ROGER ~'v1 i RAS, CIERK ~ . _ ~ ~ ,t _ ~ ST. l.UC1E COUNTY, - ' . FLORIDA . ' - ' = ~ , ; , . ~ . . ~