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Home My WebLink About1330 3. To place and mntinuw~sly k~ep o~ tha building~ naw oi heresfter s~tuate on said I~nd ~nd on ~II equipmant ~nd ptnon~lly cowr~d by tM+i~ nwrtQ~ ~y~, with all premiums thereon paid in full, firc insurance in the usual irandard policy form, in a sum approv~d by t~e MORiGAGEE, ~nd wind~tam inwrante in tM ~sual ~t~nd~rd policy fwm, in a sum approved by the MORTGAGEE, in ~uch con+peny or companies ~s tia MORiGAGEE may dlnct; ~nd al~ fir~ and windstorm insurance po~~c:es on sny of ~eid buildi~s, •ny Int~rsst rherein or part thareof, in thr pqregate sum afor~Mid w in sxceif fherwf, shall toni~in the usual ~renderd morrgagee clause or such other Cliufe as ihe Mortgsgoe may requ~r~, makir~q ths loss und~r ~a~d po1F cin, e~ch and ~very, p~yable to seid MORTGAGEE as ita interest may appear, and each and every such policy aha:l 6e promptly ass.yned and dtlivered to a?~y held by uid MORfGAGEE as iurther iecurity to seid monyage debt, and, not less than tan (10) day in advanca of the expirotion of each policy, to dr liw? to u~id MORTGAGEE r renewal rhereof, toflethtr with a rete~pt for the pr~mium of s~ch renewal; snd thera shall b~ no firo or windsrorm in~unnt• ' pl~ctd on any of said buildir~gs, •ny interest therein or part thereof, unlrsa in the form and with the loss payable aa aforesaid; end in the event any wm of monay becomes payable unde~ ~uch policy o~ policies taid MORTGAGEE shail have the option to receive end eppty the same on accounl of the ind~bted ~ neu iecured hereby or ro permit ssid MORTGAGORS to receive and use it or any part thereof for other p~rposes, wlthout the~rb~ waiving or impair- irrq •ny ~rquity, li~n a riyht undar w by virtue of thi• martgage; and in the event sa~d MQRTGAGORS shall fo~ any rtason feit to kecp the tisid premises yo iruured, or fsil to dsliver promptly a~y of said policie~ of insurance to said MORTGAGEE, or fei! promptly to pay fully any prem.ium tharefnt w in any r~spsct fsil to perfwm, discharqe, ex~cutn, sffect, complete, tomply wi!h snd abide by this covenant, or s~y pa~t hereof, aaid MORTGAGEE may piate and pay for suth insursnce or ~~y paft thareof without waiving or effectinp any optson, iien, equity, or right undar or 6y virtue of this Mortgaqe, end ths fu~l smaunt of each ~nd ewry tuch payment shall be immediataty due and payable and shsll bear ir.tereat from tl» dat~ thareof until paid at the rate ol nine per centum p~r ~nnum ana togcther with suth intereat shall be secured by the lien of this mortgage. 4. To permit, commit or suffa no waste, impairmcnt or deterioration of asid property or any part thereof. 5. To pay all end tingular the costs, chargea and expenses, including a reasonable attorney's fee and coat~ of abstrads of title, incurred or psid at sny fime by safd MdRYGAGEE, because or in the event of the failure on the parf of the said MORTGAG0~2 to duly, prompN~• and fully perform, discharge, ~xecute, eftect, tomplete, comply with and ab~de by eech and every the stipulationa, agreements, conditions, snd covenants of said promissory note a~d ihi• mwtysq~ any or either, and said costs, charges and expenses, each and every, ~hall be immediately dve and payable; whether or not there be r.otice da m~nd, ~ttempt to collect or suit pending; and the full amount of each and every a~ch payment shaii bea. interest from tha date thereof until ps~d at the rete of nine per centum per annum; and ail said costs, charges and expenses incurred or paid, together with •~ch interost, shall be secured by the fien of this mort9aye• b. T?+st (a) in the event of any breech of this Mortgage or default on the part of the MORTGAGOR, or (b) in the evenl any of said tums of money heroin referred to He not promptiy and fully paid within th~rry (30) days next after the same severalty betome due and payable, without demand or notite, or (c) in the event eech and every the stipulations, agreements, tond~tions and covenanta of sa~d promissory note and th~a mortgage any or either are not ~uly, promptly and fully performed, distharged, exac~ted, effected, comp~~eted, complied with and abided Sy, then in either or any s~ch event the said ag- pregate sum mentioned in said promissory note then remaining unpaid, wifh inte~est accrued, and all moneys aecured hereby, ihal! become due and pay- able forthwith, or thereafter, ~t the option of said MORTGAGEE, as fully and completely as if alt of the said sums of money were originetly stipuleted fo ba paid on such day, anything in said promissory note or in this Mortgage to the contrary notwithstandinq; and thereupon or thereafter at the option of ssid MORTGAGEE, without notice or demand, suit at law or in eqvity, therefore or thereafter begun, may be pro~ecuted as if all moneys secured hereby had msturcd prior to its institution. 7. That in the event that ai the beginning of or at any time pending any suit upon this Mortgage, or to foreclos~ it, or to reform it, or to enfort~ payment of any claims hereunder, said MORTGAGEE shall apply to the Coun having jur~sdic!ion Iherao! for the appointment of e Receivet, such Court shall Forthwith appoim a receiver of sai~! mortgaged property al~ end singular, includ~ng all and s~ngu~ar the incoras, proe~ts, is~ues snd revenues trom whatever wurce derived, each and every o~ which, it being expressly unde:stood, is hereby mortgaged as if specificaily set forth and described in the gronting and habendum clauses hereof, and such Reteivar ahall have all the broad and effec!ive funct~ons and powers in anywise entrusted by a Court tq a Reteiver, and tuch appointment ahall be made by such Court as an admitted equity and a matter of ebsolute r~ght to wid MORTGAGEE, and without reference to the adequacy or inadeGuacy of the value of the property mortgaged or to the soivency or insolvency of said MORiGAGOR or the defendants, and that such renta, profits, income, issues and revenues shall be applied by such Receiver according to thc lien or equity of said MORTGAGEE end the practice of such Court. 8. To duly, promptly and f~lly perform, distharge, execute, effect, complete, comply with and abide by each and e~ery the stipulations, agreements, conditions and covenants in said promiasory note and tnls mortgage set forth. 9. That in the event the ownership of the mortgaged premises, or any part ihereof, becomes vested in s prrson other than the MORTGAGOR, the MORTGAGEE, its succesaors and assigns, may, without norice to the MORTGAOR, dea! with wch auccrssor ot w<cessor in intere9t with reference to this mortgage and the debt hereby sewred in the same manner as w~th Mortgago~ without in any way vitiating or discharging the Mortgagori' tiability herr ~nder or upon the debt hereby secured. No aale of the premises hereby mortgaged and no forbearance on the part of the MORTGAGEE or it~ successon or essigns and no extension of the time for rhe payment of !he debt h~reby necured given by the MORTGAGEE or its ~uccessors or assignt, sliall operate lo re~ease, di~charge, modify change ar affcct the orig~r,al liablliry of the MORiGAGOR herein, either in whole or in part. 10. It is specifically egreed that time ie of the essence of this contract and that no weiver of any obl~gation hereunder or of the obliflafion te- eured hereby shall at any time thereafter be held to be a waiver of the terms hereof or of the instrument aecured herby. 11. M add~tion to the forego'ng monthly paymenrs of princ"pa! and inrerest requ~red by the prom'ssory no!e secured hereb~, mortgagor covenantr and agrees to pay to mortgag?e ~nith each monthly payrnent an add~rional sum es~~mated by mortgagee to be eqval fo 1 j 12 of the annual cost of the fo~low- ing: A-All real property taxes levied or aasessed agal~st thc above destribcd real estate. B--Premiums on fire and windstorm insuracce as here~n requ~red to be carried on the ~mproveme~ts situate on the above described premisea. C-Premiums on wch mortgage guaran*y ir.surar.ce as mortgagee ahall from t'me to time deem fit to carry on the loan secured hereby. _ Mortgagee shall from tim.e to time notify morTgagor in writing of the amount dve and payable hereunder and such sum shall the:eupon be due and payable on the due date of tFe next monrh;y payment and each s~rccessive month thereafter untii murtgagee shall notify mortgagor of a change in such amount. $~ch sums shall be app!ied by mortgagee ~oward the payment of real property taxes, insuror,ce prem;ums, and mortgage guaronty insurance p•emiums. IN WITNESS WHEREOf, the said MbRTGAGOk has hereun;o set his hand and seal the day and year f' it aforesaid. 5i9ned, 5ealed ar.d delivered in the presence of: G (Seal) ~ l.~ rSeal) - -(Seel) (Seal) STATE OF FLORIDA 1 COUNiY oF - St: _ T,»~ i a j~ Befwe me ptrsonally appeared H i], 7 j RY'(~ rs .~j)1'11't 9['~n ar.d Rnhhj,~~j.p~ ~P ,T~hn aan ~ h~s wife, to me well known and known to me to be the individuals described in and wha executed the foregoing instrvmen!, end acknowledge~d hefore ma that they exeo~ted the same for the pvrposes ffierein exprassed. And the ie~d R obb i e T bo_ .~hn a b71 wife of ihe said i~~ 1 1 ~ gZ+C] L 3dhnson upon a seperote and privete examination by me faken separate and apart frorn her aaid husband, etknowledged to and before me ihat ahe executed seid instrvment freely and volun- tarily artd without a~y computsion, constraint, apprehension, or fear of or from her aaid husband. WITNE55 my hand snd official seal this_~I~,~`~ day of_ ~bE'Z' _ D. •)9~ ~ GZLr % . ~r1_/(J~itri ~ - - ~ Nou'ry Public in end for the State of Fl~ide af CBrqe My Commifsion expires: ~ ~ ~ ~ ~ ~ ; _ : ~ : , i ' - Return To: _ Fint Federal 5avings ~ L~'ipL~~~ Q~ E C, Q R~~ D ~~K. Sti~L 0~ V' 'S : I ~ - Of Fort P~p~1r~: • • ~ ~ O O K ~ (,plplp!'if1011 ~7I~K Z3. ~i' y. ` . Fort Pierce, Florida ~y Ae»ricN Fi~ ~ GruNry C~. • • • • ` . .~::l~~j y,~,, '65 OCT 18 PM 3: Q 2 ~ ~~4Ur~ ~ ~r'/ f.~~ `,(,u, .v r~ - ~ ~ - ~.,~,-.~~~~~E R'rt ~ ~ =ROGE:1 ; . . ~ ~ ' - : ST. t_UCIE COUNTY, ~ 1 ' ~~.'~f~. `~,f FLORlDA ~f~~ ~ ~ ~ ~ - BooK ~29 ~3~ ~ - ~ ~ ~ _ _ - - - - ~ - -