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Home My WebLink About2349 3. To plau ~nd tontinuously kNp on the buildieys now ar Mreafter fituat~ on said land and on ~II equipment ~nd p~rwn+~~Y covar~d by this mort9- p~, with ~II pr~mivr+u thereon p~id in +ull, fire inw~ance in the ~wel stantiard policy form, in ~ sum approwd by the MOR~GAGEE, ~nd wind~torm inswioc~ in the u~wl ~t~ndard pol~cy fwm, in a aum approvsd by tha MORIGAGEE, in such company or cort~panit~ as ti+~ MORTGAGEE may dk~ctj ~r?d ap fir• ~nd windtlorm insu~anr~ poHciet on ~~y of taid bu+ld~nys, ~ny inNr~it tMrein or part thereof, in the aygreg~tr sum ator~said ot In utt~af tMrwf, ~MII tontain tM wwl st~ndud mortgagee claure or suth other clause •s the Mortgagca may requin, maMiny the loa~ v~der s+id polr ti~s, Nch ~nd wery, p~yabl• fo wid MORTGAGEE as ita fntere~t may appear, a~d eech and every •uch pol~cy ~hall ba promptly ase.yned •nd de~ivered to ~ny Mld by uid ti10RTGAGEE as further sec~rity to said monga~e debt, •nd, not lau than ?en (10) day in advance of the expi~etion of each policy, to dr ~iwr fo s~id M(3RTGAGEE + nnewsf th~rraf, togerh~r with a reteipt for the premium of wch renewal; and thero shall be no fire or windstorm insuronca pln-~d on ~ny of s~id buildirqs, any interett th~r~in or part thrreof, un~ess in the form and with the foss payable as eioresaid; e~d in the event any ~um of mon~y become~ payabl• und~r such policy w policie~ ~aid MURTGAGEE shall have the option lo roceive and apply the teme on eccounl of ihe indebted- n~tt wcur~d hsr~by o? ro parmit faid MORTGAGORS ro roceive and uae it w eny part thereof far orhrr purposes, w~thout thsr~u~ wa~~i~~~ or ~tnpei~' lnp iny puiry, li~n or right under or by virtw of thi• mo:rpage; ~nd in the evem ~aid MORTGAGORS shall for a~y reason fail to keep thc ~aid p~emisas so infur~d, w fail ro d~liver promptly ~ny of seid policies of insurante to said MORTGAGEE, or Fail promptly to pay tulty any pre~~~vm tiiernfor oi in any rhpM f~il to pKfo?m, diuhuqa, •xecute, effect, comple9e, comply with and abide by this co~~enent, or any pa~t hereof, aaid MORTGAGEE may placr and pay for ~uth in~ursnc~ or ony p~rt ih~~aof without weiviny a affecting any optio~, iien, equity, or right undar or by virtue of thii Mortgaye, and tht full amo~r~t of tach ~nd ~vfry ~uch payme~t shall be immediately due and peyable and •hali bear interest from tht date thereoF until paid ai the rate of nine p~r ctntum p~r annum and togethe~ with tuch interest shall be sacured by the lien of lhis mortqage. 4. To p~rmit, tommit or suffer no vresta, impairmrnt or deteriorstion of said property or any part thereof. 5. To pay •li and sinpulat tM tosts, chargn and expenses, including a reasoneble attorney's fee snd costs of ebetrects of title, incurred or paid ai •ny time by uid MORTGAGEE, bec~use, a in the avent of the fallure on the part of yhe said MORTGAGOR to duly, promptiy and fully perform, d~scherye. ~xetut~, effoN, tomplete, comply with and sb;de by each and every the ftipulet~ons, +greemente, conditions, and covenants of said promiasory note and thi• mwtype any or either, and tsid tosts, charges snd eapenses, each and evary;' ~hall be immediately due and payeble; whether or not there be notice de~ mand, ~ttampt to collect or suit psnding; ~nd the full amount of each end every such payment shall bear interest from the date thereof until paid a1 the r~te of nine per centum per ennum; and all said cos~s, charges ar.d expenses irxvrred or paid, togetl~er with wch int~rect, ?hali be seturcd by the lien of tfiii ^artp+fl~• . 6. Thaf (s) in tha event of any breach of ihis Mortgaye or default on t{u part of the MORTGAGOR, or (b) in the event any of esid aums ot money Mr~in referr~d to be not promptly end fully paid within ~h~rty (30) dayi next after the same severally become due and peyable, without demend or notice, o? (e) In the ~vsnt aach and evcry the stipulations, agrecme:+ts, conditions and covonants of ~a~d promissory note and th~s mortgaqa any or either are noi ~uly, promptly a~d fully perfofined, d~acharged, exec~red, effected, completed, compl~ed with and abided by, then in e~ther or any ouch evem the said ag • prpats wm m~ntior.ed in taid promissory note the~ remaining unpaid, w+th interest acu~ed, end all moneya secured hereby, ahall beco~..e due end pay ebl~ forthwith, or fhereaftar, ~t rhe option of said MORTGAGEE, as fully and completely as if all of the ~aid aumt of money were originally ~tiputated to bs peid on tuth day, anythinq in said promissory note or in this Mortgage ro the contrary notwithstanding; and thereupon or thereafter et the option of Nid MORTGAGEE, withaut notice or demand, suit et law or in equity, therefore or thereafter begun, msy be prosecuted ss if all moneyt secured hereby haci matur~d priw to its institution. 7. That in the evenf that at the beginning of or at any time pending any suit upon this Mortgage, or to foreclose it, or to reform it, or to enforca paymem of any claims hereunder, said MORTGAGEE shall apply to the Court having jurisd~ction thereof for the eppoiniment of s Receiver, suth Court shell Forthwith sppoint e receiver of sai~ mortgaged property ail and singuler, includ+ng all and singular the income, profit~, issuet and revenuet from whatever wvres derived, each and every o which, it being expressly unders~ood, is hereby morrgaged as if spec~fically set forth and de:cribrd in the gronting and heb~ndum tleuse~ Fureof, and such Receiver shall have all the broad and effective funu~ons and powen in anywise entrustcd by e Court to a Receiver, end ~uch appointment sha11 be mede by such Court as an adm~tted equ~ty and a matter of absolute r~ght to wid MORTGAGEE, and wirhout reference to the ed~quacy or inadequacy of the va~ue of the prooerty mortgaged or to rhe soivancy or insolvency of eaid MORTGAGOR or the defendanta, and that such rent~, profits, income, isaues and revenues shall be applied by such Receiver according to the lien or equity of said MORTGAGEE end the pradice o1 such C6urt. 8. To duly, promptly and fully perform, discharge, execute, effect, complete, comply with and abide by each and every the stipulations, agreement~, conditions and covenants in sald promissory note and this mortgage set forth. 9. Th~t in the evant the ownership of the mortgaged premises, or any part thereof, becomes vested in a perton other ihan the MORTGAGOR, the MORTGAGEE, iri ~uctesson and assigns, may, without notice to rhe MORTGAOR, deal with su<h euccessor or wtcassor in imerest with reference to this mo~tyaqe and the debt hereby secured in the same manner as with Mortgagor without in any way vitiating or discharging the Mortgagors' liebi~ity herr under or upon the debt hereby secured. No sale of the premises hereby mortgaged and no forbearente on the part of rhe MOR7GAGEE or it• su:cessors or atsigns and no extensien of the time for the paymen~ of the debt here6y secured given by the MORTGAGEE or its successors or assiyns, ~hall operate lo release, distharge, modify change or affect the orig~nal IiabiGty of the MORTGAGOR here~n, either ;n whole or in part. 10. Ii is specifically agreed that time is of the essence of this contrac~ and that no waiver of any obligar~on h~reunder or of the obligation ao- cured hereby shall a! any time thereatter be held to be e waiver of the terrtis hereof or of the instrument set~red herby. 11. In addition to the forego'ng monthly paymems of pr~nc pal and inrerest required by the prom ssory no!e secvred hereby, mortgagor covenants and agreef to pay ro mortgagee with each monthly payrr.ent an add+rional svm esiim.ated by mortgagee to be equal to 1 j 12 ~f the annual tost of the follow- ~ ing: A-All real p:operty taxes levied or assessed agai~st thc above described real estate. B-Premium3 on fire and windsrorm ins~rar,ce as herein requ~red to be carr~ed on the improvemeots situate on the abeve descfibed premises. C-Premiums on such mortgage guaranty insuror,ce as mortgagee shal! from t me to time deem fit to carry on the loan iecured hereby. ~ Mortgagee shall from t~me to time notify mortgagor fn writing of tha amou~t d~e and payable he~eunder and such sum shall thereupon be due and payable on the due date of the next monthly payment and each s~ccessive month thereaft~r ur.}il mortgagee shall notify mortgagor of e change in suth smouni. Such sums thall be app!ied by mortgagee toward thz payment of real property taxes, insurante prem:ums, and mort9age ~ueranty insurar.ce premiums. iN WITNE55 WHEREOf, the seid MORTGAGOR has hereunto set his hand and seal the day and year firit e!oresaid. Sjsw Seele and delive d Sn pres ca of: n~~~ ~ 4' cs~a~> F,rn F cs.. (Sea1) (Seel) STATE OF FLORIDA u. couNrr oF ~S~ int Luc ie ~ Before me pertonelly ap~ared Fr.nP a~ ~3 ~ Hi l 1 A rd and MA T'~~ ~ H~ 118I'(~ his wife, to me well known and known fo me to be the i~dividuels described in snd who Bxecuted the foregoing instrument, and acknowledged before me that they exetuted the same for the puiposes therein ezpressed. And the ~aid Ma rv A_ Hi l~a rd _ - wife o4 the said Erne s t B. H i I 1 a rd upon a separote and privete examination by me taken separate and apart from her said hua and, acknowledged to and beiore me that ahe exacuted said instrument freely and vnlun- farily eed without any compuliion, cor.straint, apprehem'on, ear of or from her said husband.~ ~ WfiNE55 my hand and cff~cial real this ~~O r day of S~p emt~ e r~ ~ , A. b. 19 -x./ .~~i ~~otary Public in ar.d for the State of Florida et Large My Commission expire~: Resum To: NOtary pUSI!r, State of F!^r d~ at L~~ ~e Fint Federal Savin loan Assotiation Ply C~~ „n Ss on E'•:a'te'. :ev. S, 1:-::5 9 F~ Bonded by t•.merican Sure:~ ~o. of ti. pf Fort P~erce. I t, ~"A~D~~~ R D E D FdrO~ `?fei~ei +florida B O O K . - ` , j . C~~C~~~~Cti~C..i . . ' • !V~ V~1 ~ V 1 ~ V • 1 ~ ,r~• ~i _ _ . - 'C' ' ~ - _ ~ , • _ ~l. ' ' - 1.~~~ ~1- ~ ~ , . . ;f _ RQGER P~f i RaS CLERK., • ~ ~ ~ ~ ` ~ ST. I.UCtE COUNTY, ~ ~ ' ~ FLORIOA , , J ~ ~ . . ~ • ~ ~ 8oc~1~6 547