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Home My WebLink About1296 3. To plat~ and contin~wu~ly ke~p on the bui!dings now oi hereaftsr •ituste on said land and on all equipmeM and peno~a~~y tov~r~d by thii morrg- p~, with al) p?emiums the~wn peid in full, fire insurance in thc usual srandard F,olicy form, in a sum approv~d by the MORTGAGEE, •nd windatorm insur~nta in tM usuai it+ndard pol~cy form, in • s~m approved by the MORTGAGEE, in ~vch comp~ny or comp~nin st tht MORSGAGEE may dinctj and all fir~ and ~winditorm imurance policiea on eny of sn~d buildmgs, ~ny interest there+n ar part thereof, in the ~y9req~te wm afa~said or In ~xtsfs thereof, shall contain the uswl efandsrd mortgagee clause or such other cleuse ea the Mortq~gee m~y requ~r~, mskiny Ihe lou unde~ uid poli~ ci~~, ~ach and avery, p~yable to said MORTGAGEE ae ~ta i~terest may appear, a~d eath and every such poli<y ~hall be promptly a?~ gned a~d d~livered to ~yr Mld by s~id MORTGAGEE as further security to said mortgage debt, a~d, not ~eu than ten (10) days in advance of the expiration of each poticy, to dr li~r~r to said MORTGAGEE • ranew~l thareof, toqether with a recr.lpt for the pramium of such renewal; end there ihalt be ~o flre or windstorm insurante plx~d 6n ~ny of said buildings, •ny i~terest therain or part ;hereof, unless in the form and with the loss payable ae eforesaid; snd in the even! any sum of money become~ payable under ~uch policy w pulicias said MORTGAGEE shall have the option to receive and epply the same on accounl of the indebted- neu sxured hereby or to permit sa~d MORTGAGORS ro receive and use it or any part thereof fo~ oshcr pu~poses, wi~hout thrrrb~ waiving o~ unpair• inp any equity, li~n a right under or by virtua of this mo::gaqe; and in the event sa~d MORTGAGGRS shall for any reasnn fail to keap the said premisei so infurcd, or fail to deliver promptly any of said pol~ues of insurance to said MORTG~AGEE, or fail promptly to pay fully any premium therefor or in any rs~pect fail fo ptrform, discharge, e:ecute, effect, complete, comply wirh and abide by ihi~ covonant, or any part hereof, said MORTGAGEE may place a~~d pay for such insurence or any part thereof without waiving or aEfectin9 any option, lien, eQ~ity, or righ! under or by virt~e of this Mortgage, and tht full amou~t o~ each and ~very suth payment ahal! be immcdiately due and payable and ahall bear intereat from the data thereof until paid at the rate oi nina per centum per annum and together with a~ch interest shali be secured by the lien of this mortpage. 4. To p~rmit, commit or suffer no waste, impairment or deterioration of said property or any part ihereof. 5. To pay all and singular the costs, charges and expenses, including a reasonable ettorney's fee and costs of ab~tract~ of title, incurred or paid at sny time by snid MORTGAGEE, because or in the event of the failure on rhe part of the aaid MORTGAGQR to duly, promptly and fully perform, discharqe. •xecute, effect, complete, tomply with and ab~da by each and every the stipuleiions, sgreements, conditiona, and covenants of said promissory note and this martgage eny or either, and said costs, charges and expenses, each and every, :hall be immediataly due and paynbie; v`hether or not there be notite do- mand, attempt to coltect or euit pend~ng; and the full amo~nt of each and every such payment shall bear interesl from tha date thereof until paid at the rate of nine per centum per annum; and all said costs, charges and exoenses inturred a paid, together with •uch inter~~t, sh~ll be tiecured by the liea of thii mortq~g~. 6. That (a) in the event of eny breach of thi~ Mortgage or default on the part of the MORTGAGOR, or (b) in the everit any of sa~d sum~ of money hetein iefevred to be not promptly and fully paid within thuty (30) days next aiter the same severally becomn due end payable, withou~ demand or notice, or (t) In the event each and every the stipu!ations, agreements, condit~ons and covenants of sa~d promissory note and th~s mortgage any or either are not ~uly, promptly a~d fully performed, discharged, execu~ed, ef!etted, complNed, complied with and abided Sy, then in either or any such event the seid aq- yregate sum mentioned in said promissary no!e then remaining unpaid, with interest accrued, end all moneys setured hereby, shal! become due and pay s6le forthwith, or thereafter, at the option of said l~10RTGAGEE, as fully and completefy as if al! cf the said aumt of money were originally stipuleted to be paid an such day, anything in sa~d p~omissory note or in this Mortgage to the contrary notwithsrsnding; ~nd thereupon or thereafter at the opt~on of ssid MORTGAGEE, without notice or demand, suit at law or in equity, therefore or ihereafter begun, may be prusec~ted a~ if aiI moneyt Setured hereby had m~tured prior to its insiitution. 7. That in the event that et the beginning of or at any time pending any svit upon this Mortgage, or to foreclose it, or to reform it, or to enforca payment of any cla+ms herevnder, aeid MORTGAGEE shall apply ro the Court havi~g jurisdlaion thereof for the eppaintment of • Receiver, such Court shall Forthwith appoint a receiver of aai~ mortgaged property all and singular, includ~ng ai! and s;ngu~ar the income, prof~ts, issues and revenues from whatevor wurte derived, eath end every of which, it being expressly understood, is hereby mortgaged as if spec~fitally set forth and described in th~ granting and hebendum tlauses hereof, and suth Receiver shall have all the broad and effc~.tive funct~ons and power~ in anywise entrusted by a Court tp a Receiver, and such appointment shall be made by such Court as an admitted equity and a matter of absoiute right to said MORTGAGEE, and without referente fo ihe adoquacy or inadequacy of the value of the property mortgaged or to the so~vency or insolvency of said MORiGAGOR or the defendants, and that such rente, profits, in<ome, issues antJ reven~es shall be app~ied by such Reeeiver according to the lien or equity of said MORTGAGEE and the practice of such Court. 8. To duly, promptly and fully perform, discharge, execute, effect, complete, comply with and abide by each and every the •tipulationa, agreement~, conditions a~d covenants in said promiisory note and this morrgage set forth. 9. That in the evenl the ownership of the mortgaged premises, or any part thereof, 6etomes vested in a person other then the MORTGAGOR, the MORTGAGEE, its successors and assigns, may, withou` nosicz to the MORTGAOR, deal with such successor or successar in interesi with reference to this mortgage and the debt hereby sec~red in the same manner as with Mortgagor without in any way vitiating or discharging the Mortgagor~' liability herr under or upon the debt hereby secured. No sale oi the premises hereby mortgaged ar.d no forbearance on the part of the h10RTGAGEE or it~ successors or assigns and no extension of the time for ihe payment of the debt hereby secured given by the MORTGAGEE or its •uccessors or assignt, ?hall operate to releaae, disch~rge, modify change or affect the origlnai liab~llty of the MORTGAGOR harein, either in whole or in part. 10. It is s~etifically agreed that time is of the essence of this contract and that no waiver of any obligation hereunder or of the obliyation se- cured hereby shall at any time thereafter be he;d to be a waiver of the terms hereof or of the instrument secured herby. 11. In add~tio? to the forego'r.g momhiy paymsnrs of ~r;nc pal znd inrerest requ~red by the prom~ssory no`e secured hereby, mortgagcr covenanta and ayraes to pay to mortgagee with each month.y pay~,:ent an add~rior.al sum es~imated by mortgagee to be equal to 1;`12 of the annuai cost of the fellow- ing: A-All real property taxes levied or assessed agai~~st thc above described real estate. B-Premiums on fire and winds!orm insurance as here~n rcqu;red to be ca~ried on the improvementt s~tuate an the above described premises. C-Premivms on svch n~ortgage guaranty ir.s~rar:ce as mxtgagee shall from r me ro time deem fit to carry on the loan secvred hareby. Mor.gagee shall from t~me to time ncri(y mortcagor ~n writ~ng of tne amount due ~nd payable hereunder and such surn shall thereupon be due and payable on the due date of the next month:y payment and each wccesslve month thereafter ur,~il mortgagee shall notify mortgagor of a change in such amount. Such sums shall be applied by mortgagee toward the payment of reat property taxes, insurance prem;ums, and mortgage guaronty insurance premiums. ! WITNESS WHERE he said MdRTGAGOR has hereunto set his har,d and seal the day a ar first aforesaid. n, S~led a del' ere in the p~esence of: ~ el) ' ~ (5eal) / (Seel) (Seaf) STATE OF FLORIDA COUNTY df S e i n ~ Lu c i e ~ Before me personalfy appeared E c~wa rd B. ~i 9 I'Y1'i8 C~ and M9 T'~,' ~1 , ~i 8 2'ItlB C f hia wife, *o me well known and known to me to be the indiv~duals described in and who executed the foregoing instrument, and acknowledged before me ihat they extcuted tfie same for the pvrposes therein expressed. And the said Ma r.X G._ l1 8 7'fT18 C~? wife of the •aid Edward B. G~rmaek _ , upon a separate and private exam+nation by me taken separata and apart from her aaid husband, acknowledged to end before mc that she executed said instrument freely and volum tnrily snd w+thout eny compulsion, conslieint, apprehension, or fear of or from her said husband. ~ Y day cf ~7C t bP.I' Af.•,Q.` 19 WITNE55 m hand an~ officiai seal this ~ ~4- _TZ~, . ~.~~,,'l~'C~:.:'- - Notary Publit in end for the.'-~1~iTe.ef Flo.~r.qt, ~arse,~ My Commission expires: , ~;J t ~ I ~ Return Ta: ~ ` ~ u: Fint Fedrral Savingc 6 Loan Asiociation • ~ ` • •y ~ ~ ' Of Fort Pierce. N~ RECO DEQ K ~Jly r1~K. ~ ~ ~ r ~ ~ ,•~a ! Fort Pierce. Flvrid ~ A • ~~1~.~'g v O ~ CYIIOIM[fIM Et/~S Z3: • ~ ~ ~ ~ • ° , ~ N . - w ~ f . E..~ ~ - . f'' ` : , ~~sa.~•'~ V,~7e,.' . . . . , jt ~ ~ ~ ' ' ` - c ~ . l ~ . ,_±65 OCT ti a ~ ~ . . . . . , ~ ERK ~ , . ~ ~ ~OG~:: E:.,J,.:- - ST. LU~~ R DA N~Y. ~LO ~ ~ ~ : ~ ~ BooK 129 97 1C.~ ~