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Home My WebLink About1302 3. to plac~ ~nd continuously keep on the buifdings now or heresfter sitwts on said I~nd and on all equipmenf ~nd p~rson~lly cover~d by 11+is morty~ p~, with all premium~ therew~ paid in ful1, fire ina~rance in the usual slarward policy form, in • sum approved by tha MOR~GAGEE, and windstorm lnsu?ant+ in tM usuel standa~d pol~q fo~m, in ~ sum approved by the MORTGAGEE, in such tompany nr tompan~e~ u th~ MORTGAGEE may dir~ct; ~nd all firs and windstorm insurante polities on eny of said buildinga, •ny intereat therein or pert th~reof, in tha aggreqat• wm aforesaid ar In exce~s thereof, ~hall contain the usual atendard mortgagee cleuse or such othe~ c~ause ae the Mortgagee may r~qu~r~, makiny ths loss under said po~i- tia, tath ~nd wery, payable to uid MORTGAGEE as its imerest may appear, and each and every wch policy shaN be promptly a:~.grted and deliver_d to . wiy held by uid MORTGAGEE a further ~eturity !o said mortgage debt, and, not lesi than ten (?0) days in ad~ance of the expiration of each policy, to ds- liv~r t0 Nid MORTGAGEE ~ renewal the~eof, toqeth~r with a reteipt fo• the premi~m of suth ronewal; and thare shall be no iire or windstor~n insurante pl~c+d o~ +ny of said buildings, •ny in?creat therein or part thereof, unless in the form end with the loss payable as aforesaid; and in the event any •~m of money becomtf payeble undet such pulicy or policies iaid MORTGAGEE shall have the aplion to receive and apply the same on account of the indebted- neas securad hereby a to permit ~ald MORTGAGORS to receive and ~se it or ar.y part thereof for orher p~rposes, w~~hauf Iherro~ waiving or ~mpair in9 ~ny squity, iien a riqht under or by virtw of this mo:tgage; snd in tl~e event ~ald MORIGAGORS shall For any rrason fail to kecp the said prom~sei so insu~ed, or fail to deliver promptly ~~y of said policies of insurence to said MORTGAGEE, or fail promptly to pay fully any p~emiu~n theretor or in any nspect fail to perfam, discharge, execufe, tffect, complete, comply wirh and abide by this covenant, or any part hereof, said MORTGAGEE may place and pay fo? such insurance or eny part th~reof witheut waiving or affectinq any option, lien, equity, or right under or 6y virtue of this Mortgaye, snd the fufl amaunt of eeth and •very suth payment shall be immediately due •nd peyab~e and shall bear interest from the data thereof until paid at the rate of nine per centum per snnum and togethtr with ~uch interesr shall be secured by the lien of this mortgage. 4. To permit, commit or suffer no waste, impairment or deterioration of said property or any part thereof. 5. 1o pay all end singula~ the costs, charges and exponses, including a reaionable attorney's fee and coats of abstratts of title, inc~rred or paid at sny time by snid MORTGAGEE, because or in the event of the faiiure on the part of the said MORTGAGOR to duly, promptiy and fuliy perform, d~acharge. ~xetute, effect, complete, comply with and eb~de by each and every the stipulat~ons, agreernent~, conditions, end tovenents of said p~o~nissory note and thit mortgaqe any or eirher, end aa~d costs, chargei end ezpenses, each and every, shall be immed~aie~y d~e and payable; whether or not there be not~ce de mand, ettempt to to~lect or tuit pend~ng; and the fu~l amount of each and every suth payment ihall 6ear interest from the date ther~of until peid at fht rate of nine per centum per annum; and all said costa, charges and expenses irxurced or paid, together w~th suth interest, shall be setured by the lian of thi~ mortpags. 6. That (a) in the event of any breach of fhis Mortgage or default on the part of the MORTGAGOR, or (b) in the event any of aaid sum~ of money fiemin ~eferre~ to be nor promptly and fully paid within th~rty (30) days next afrer the same severa.ly tacorre due and payeble, withoui demend or notice, or (t) in the event each end every ths stipulations, agreements, conditions end covenants of seld promisso;y note and th~s mortgage eny or either a~e not ~uly, promptly and fully performed, discharged, executed, effected, completed, complied with and abideu ;y, then in either or any such event the faid ag- pregate sum mentioned in s~id promissory note then remaining unpaid, with in~eres~ accr~ad, and all money~ secured hereby, shall become due and pay able forthwith, or thereaher, at the nption of said MORTGAGEE, as ful~y and completely as if ail of the said sums of money were originelly ttipulated to be paid on s~ch day, anything in said promissory note or in this Mortgage to the contrary nutwithstandin~; and Ihertupon or ihereaftar at tha optio~ of taid MORTGAGEE, witheut notice or demand, suit at law or in equity, therefore or thereafter begun, may be p:osecuted ~s if all moneys sec~red hereby had matured priw to its imtitution. 7. That in the event rhat at the beginning of or at any time pending any ~uit upon rh~s Mortgage, or to fweclose it, or to reform it, or to enforce payment of eny claims hereunder, said MORTGAGEE shall apply to the Court having jurisd~ction thereof for the appointme~t of a Receive~, s~xh Court shall forthwith appoint a receiver of sai~ mortgaged property all and singular, includ~ny all and singular the income, prof~ta, issues and revenue~ from whatever wurce derived, each and every oi wh~ch, it being expressly understood, is hereby morrgaged as i( cpec;ficafly set for~h and descnbed in the yranting a~d habendum clausea hereof, end such Receiver shall have all the broad ar,d effective funct,ons and powers in anywise entrusttd by e Court tp e Reteiver, and ~uch appointment shall be made by such Court as an admitted equity and a mauer of absolute right to said MORTGAGEE, and without referente to the adequaty or inedequacy of the val~e of the property mortgaged or to the sotver.cy or insolvency of said MORTGAGOR o+ the defendants, and that s~ch ~ent~, profits, intome, iaaues and revenues shall be applied by auch Receiver accordi~tg to the lien or equity of seid-MOATGAGEE snd the practite of such COUrt. B. To duly, promptly and fully prrform, discharge, execute, effect, compiete, comply with and abide by, each and every tha atipulations, agreementt, conditiona and covenants in sa~d promissory note and this mortgage set forth, 9. Thet in the event the ownership of fha mortgaged premises, or any part thereof, becomes vested in e perwn other than the MORTGAGOR, the MORTC+AGEE, iti successo~s ar.d assigns, may, witho~t notice to the MORTGAOR, deal with such succes~or or wccessor in interest with referente fo ihis mortgage and the debt hereby secured in the same marner as with Mortgago~ without in eny way vitiating or discharg~ng the Mcrtgagori' liabiiity herr under or upon the debt hereby secured. No sale of the prem~ses hereby mo~tgaged and no forbearante on the pan of the MORTGAGEE or its ~uctessori or asiigns and no extension of the time for the payment of the debt hereby secured given by the MORTGAGEE or irs •uccessors or assigns, shall operate fo release, discharge, modify change or aFfect the original liabil~ty of tht MORTGAGOR herein, either in whole or in part. 10. It is specifically agreed that time is of the essence ~f this con!ract and that no waiver of any obligation hereunder or of the obligation te- cured hereby ~hell at any time thereafter ba held to be a waiver of the terms hereof or of the instrument secured herby. li. In additio~ to the fortgo'ng month~y payments of prirt'pal end interest :equired by the promissory no!e secured hereby, mortgagor tovenants and egrees to pay to mortgagee with each monthly payrnent an add~rional sum estimared by morr~agee to be equaE tp 1/12 of the annual cost of the foilcw- ing: A-All real property taxes levied or assessed agal•~st th~ above desc~~bed real estate. B-Premiums on fire and windstorm inwrarce as herein req~~~red to be carri~d on the improvemantf situate on the above d~scribed premizes. C-Prem~ums on such mortgage guaranty insurar:ce as mo~tyagee sha!i from rme ro ;irne d?em fit to carry on the loan secured hereby. Mortgagee sha!I from time to time notify mo;tgagor in ~hriting of the amov~t due and payable hereun~er and such sum shall thereupon be due and payabte on the due date of the next menthiy payment and each succ>ss~ve month thereaiter until martgagee sha!i notify mortgagor of a change in sucn amount. Such sums sha:l be applied by mortgaqee toward the payment of real property taxes, inwrance prem;uma, and mortgage c~uaranty insurance premiums. i WITNESS WNEREOf, the said MORTG~,GOR has hereunto set his h~nd and 5eal the day and year first aforesaid. ~ ed, Sapled .~liver in the eresence of: _ ~~l - E~'_'` ~ - "_'~`se~~ ~ _ (Seal} ~ '~-/~~"u~ {5sa1) (Seal) STATE OF FlOitIDA SS. courvrv o~ St _ Luc ie ~ Before me personally appeared t~jalter V~Ct01' H~~8T1~ Jr. ~ end AZ t 8 B. Fie rman _ ~ h~, wife, to me well known and known to me to be the individuals described in and who executed the foregoing instrument, end etknowtedged before me that they executed the same for the purposas therein expressed. And the said A1. t A B. He rman wife of the said ~"~~Z~GY' Victor Herman, JT'.~ upon a ceparete and privats exemination by me taken separate and apart from her said husband, acknowledged to and before me that she exec~ted said instrumer! fr,e~gly,and volun- tarily snd without any compulsion, constraint, appPehension, or fear of or from her said husbartd. ` WITNE55 my hand ard official aeal this ~ G~- day of •,_A.'{):,~~ I t - ~ ~ ~Al~ t e Not ry Public in and for the 5iats of Fbrjd~~tt L~egs~ : My Commission expires: - _ Return Ta: ~ ~ ~'L''' ~1 ' Pir:t Federal Savings 6 loan Assoc' ' n - ~ J c~f Fort P,e«e. ~~LED ANO REC~RDED ' ~p~ 9 0 0 K yQTARY PUStiC, srAZE.~+~~p~1~it3~ fort Pierce, Flo!ida J~~Q,~41~,f~~ a~r.•~-- Mr caM~tssio~v ~x~+~~ . ~;.~~,,;:::..CC~ + . ••j. 65 OCT 18 AM 10.4g ,,,_r•.^: . [ ~~i'~ -sl ,w' r , ,4 - w V FtOGE~~ i'.)~ C~:.;S. CLERK ~ r. u S7. LU~IE COiJNTY, . _ ~ FLORfGA ' ~ 0 R . ; ~ ~ooK~.29 ~.03 ~ ~ . ,