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Home My WebLink About0667 3. To plec~ end cnntinuously kesp on the bui!dings now or hereafter sit~ate on ea~d land and on all equipment •nd personally covered by thi• murtg- p~, with •II premiums thereon peid in f~ll, fire insurance in the ~sual standard policy form, in a sum appro~ed by the MORiGAGEE, •~d windstor~n in~ur~nce in the us~sl ftendaid policy fo~m, in a sum approved by rhe MORTGAGEE, in ~uch compnny or tompanies aa the MORTGAGEE mey direct; and all fire and windetorm insurance polic~es on any of said build~ngs, eny intereet therrin or part theroof, in the aggregate sum aforeseid or ln exte~s thereof, fhsll tontein the usual standard mortgagee clausa or such other clause as the Moitgagee may req~~re, maAing the {oss under sa~d polw tie~, each and every, peyab~e to seid MORTGAGEE as ~ts intzrest mey appear, and each and every 3uch policy shall be promptly au gned and delivered to ~ny held by isid MORTGAGEE as furthar security to said morrgage debt, and, not iess than ten (10) days in advance of the expiration of each policy, to de- ~iwr to ?sid MORTGAGEE a ronewal thereof, together with a receipt for the premium of such rer,ewal; a~d there shall be no fire or windste~m insurance pl~ttd on any of said buildings, any interett therein o~ Fart thereof, unless in the form and with the loss payable as aforesaid; and in the event any sum of money become~ payabta under euch pelicy or poGc~es said MORTGAGEE shall have the opt~on to receive and apply the same on acto~nt of the indebtrd- neu fecu?ed hereby or to permit ~aid MORTGAGORS to receive and use it or any part thereof foi other purposes, witho~r th~~eb~ wai~i,~g or ~mpair- inq any ~quity, lien or right under or by virtue of this mo:tgage; and in the event said MORTGAGORS shall for any reason fail to keep the sa~d premise; so Intured, or fail to deiiver promptly any of said polities of insurance to said MORTGAGEE, or fail promptly to pay fuliy any premium there4or or in a~y roipett fai) fo perform, diuharge, execute, effect, complete, compiy with and abide by this covenant, or any par. hzreof, said MORTGAGEE may place ar.d pay for ~uch insurance or any psrt thereof without waiving or affecting any option, lirn, equity, or right under or by virtue of th~s Mortgage, and the fufl ama~nt of oach end evary suth peyment shall be immediately due and payable and shall bear interest from the date thereof until paid at the rale of nine per centum per annum and together with such interest shali be secure~ by the lien of this mortgage. 4. To ptrmif, tommit or suffer no waste, impairment or deterioration of aaid property or any part thereof. 5. To pay all and ~inguter the costs, cherges and expenses, including a reasonable atto~ney's fee and costs of abstracts of title, incurred or paid at eny time by said MORTGAGEE, because or in the event of the failure on the par~ of the said MORTGAGOR to duty, promptly and fully perform, d~scharge, •xecuts, effect, canplete, comply with and eb;de by each and every the st~pulat~ons, agreemants, cond~r~ens, and covenanrs of said prom~ssory note ar,d this moripaqb any or eirher, and said c~sts, charyes and expensrs, each and zvery, shall oe im~nedi~t::ly d~e and payable; whether or not rhere be notice de mand, attempt to coliect or suit pend~ng; and the full amount of each and e~ery such payment sholl bcar interest from the date thereof until paid at the rete of ~ine per cantum per emrt,m; and all said costs, charges and expenses irxutred ar paid, together with such interest, snall be secured by the lien of thi~ mortpeya. 6. That (a) in the e~ent of any breach of ihis Mortgage or defaull on the part oF the MORTGAGOR, or (bj in the event any of aaid sums of money herein referred to be not promptly and fuily paid wirhin th~rty (30) days neat after the same severa!Iy become due and payable, without demand or notice, or (C) in the event each and every the stipulations, agreements, conditions and covenants of sa~d promissory note and th~s mortgage any or eithcr are no1 ~uly, promptly end fully performed, discharged, ezecuted, effected, completed, complied witti and abided Sy, then in either or any such event ihe said aq- preflate aum mentioned in said promissory note then remaining unpaid, with interrst accrued, and ait moneys securad hereby, shall become due and pay- abl• forthwith, or thtreafter, at the option of said MORTGAGEE, as fully and completely as if all of t1,e said sumt of money were or~ginall/ s!~pu~eted fo be paid on suth day, anything in said promissory note or in this hlortgage to the tontrary r.ot~,virhstanding; and thereupon or thereatter at the ck'.t~nn cf . s~id MORTGAGEE, w~thout notice or demand, suit at !aw or in equity, theiefore or thereaiter begun, may be proaecuted as if ell moneya aecured hereby had maturtd prior to its institution. 7. Thef in the event that st the beginning of or at any time pending any suit upon th~s Mortgage, or to foreclcse it, or to reform it, or ta enfcrce payment of any claims herevnder, said MORTGAGFE shall apply to the Cour1 having j~risd~ciion thereof for the appo~ntment of a Receiver, tuch Court shall Forthwith appoint b receiver Of sai~ mortgaged proparty all ard singular, incl~d~ng al! and s~ngufar fhe ir.come, profits, issues and revenues from whatever wurce derived, each and every of wh~ch, it being expressly understood, is hereby mortgaged ai if spec~iically set forth end des~ribed in the g~anting and ~ habendum clauses hereof, and such Receiver shall have a.l the broad and effealve f~r.ct,ons and powers in anywise entrusted by a Court tp a Receiver, and ~uch appointmen? shall be made 6y svch Cou~t as an admitted equity and a matter of absolure r~ght to said AAORTGAGEE, and without reference tu the adequncy or inadey~acy of the value of the properry mortgaged or to the so,vency or insolventy ot sa~d MORTGAGOR or the defendants, and thal such rent~, profita, income, iaaues and revenues shall be applied by s~ch Receiver according to the lien or equity of said MORTGAGEE and the practice of such Court. 8. To duty, promptly and fully perform, discharge, execu!e, effect, complete, comply with and abide by each and every the stipulations, agreemenit, condi4ions and covznants in said promissory note and th~s mortgage set forth. 9. That in the event the ownership of the mortgaged premises, or any part thereof, betomes vested in a person other than the MORTGAGOR, the MORTGAGEE, its •uccesson and assigns, may, without noiice ta rhe MORTGAOR, deal with such successor or wccessor in interest with reference to fhis mortg~ge and the debt hereby secured in the same manner as with Mortgagn~ witho~t i~ any way vit~ating or discharginy the Mortgagors' liability here- under or upon the debt hareby secured. Nu sale of the prem~ses her~by mo~tgaged and no forbearance on the pan of the MORiGAGEE or its svccessory Ot essigns and no extensi~n of the time foi fhe payrnent of ihe debt hereby secured givan by fhe MORTGAGEE or its s~[cessors or ass:gnt, sliall operate to release, discharge, modify change or affed the orig~nal liab;lity of the MORTGAGOR herein, either in whole or in part. 10. It is spec;fically egrerd that time is of the essence of this cavract and that no waiver of any obligation hereunder or of the obligetion se- cured hernby ~hall at any time ther?after be held to be a•waiver of the terms hereof or of the insrr~ment aecured herby. 11. In add~tioa to the forego:ng monthly paymsnrs of princ"pal and intereY reqvired by the p~omisscry no'e secured hereby, mort~~agor covenants and agrees to pay to mortgagee with each monthly pay~,.em an adJ~rional surn est!n,a~ed b~ morrgagee to be eyval to i;" 12 of the annual cost of the follow- ing: A-All real property tax2s levied or assessed ayai•,st thc abave des.~~bed r~at estate. B-Premiums on fire end windstorm insurar.ce as here~n requ~red to be .arried en the ~mprovements s~tvate on the above described premises. C-Premiums on such morigage gvaranty ir.surance as mertgagee shail f~em t'me to time deem fit to carry on tha loart secured hereby. Mortgagee shall from time to time notify mortgagor in wrlurg of ihe arr.ov~t due and payable hereundzr and suth suai shall there~pon be due and payabfe on the d~e date of the next monthly payment and each successive mon'h thereaft:r ur,t~~ mcrtgagee :hall notify mortgagor of a change in such amount. Such sums shall be applied by mortgagee tovrard the pzyment of real properry taxes, insurance prem~ums, and mortgage guaranTy insurance oremiums. iN WITIVE55 WHEREOF, the said MORTGAGOR has Fere~~nto set his hand and scal the da~ and ye first aforesaid. ' ne~/~led a deliver in tFy~~sence of: ~~~r ~ ~ (Sea!) - ~ ~ . c Lon e R~ ~ s csesi> y..~.1.,-C..v ~Z,~ ..~---tQ--.s-.e.J (seaq Bernice Rass «ai} STA7E OF FLORIDA 1 COUN7Y OF s~ 1t1t LUC18 j ~ &efore me personally appeared , T~L~TI ~ P R n Q a ar.d B e rn i c e R O S$ hin v+ife, to me wel I kr.own and known fo me to be the individuale described in and wha executed the foregoing instrument, and acknowledged before me that they ezecuted the same for the purposes lherein expres~ed. Ar.d the said B e rn i e e R O 9 8 _ wife of the said Lonn i e RO 9 8 _ , ~pon a separate and private examination by me taken separate and apart from her sa~d husband, acknowledged to end before me that she executed said instr~ment freely and volun- tnrily and without eny compulsion, constraint, apprehens~on, oL~Ear of or from her said husband. W17NE55 my ha~d and offic~al seal this ~ day of_,.,__,_..~._"~tember q, p. ~q F`[ ~ z ; - - . ~ ~ ~ ~ - ~ Notzry Public in and for the State of Florida at Large pQ~ My Ccmm~ssi~n expirea: hotery PubliC, State of F;orida at ~~r~ Retum To: PO~ ~~Y ~amm ss;on E~.+i.reS,yoy, 19v5 First Pederal Savings ~ Loare Association ~ei`~i--' 6onde~ by Rmet.y:.~ ~i1`~~~~~{~9., Of (H. Y. Of Fott Pierte. ~ . f1r, y~,,. y;: Fort Pie~iS!•, it r.`ida ~ c,~ . ~ ~ j ~ , =e " ' . . • T~. . s ~ i_ : ~ ~ ~ ` ~ • ' ~ \ ~ - ~ 1 j ~J'f _ _ - _ - , 'r•' . ``r/-.` ~ ~ , - i /F, a ~-','~t~ - ~.,~s..ti. 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