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Home My WebLink About1479 3. To plsc~ end continuousfy keap on th~ bu~ldings now or hsreah+r ~itwte on sa~d I~nd and a+ a!I eqvipmenl ~~d p~rso++~~~Y eo~~~~d b7 th~~ m°M''p' ap~, with all premi~mf therew~ paid in full, fire insu~ance in rhe usual ~tandard poficy form, in ~ sum apprawd by the MORTGAGEE, ~nd windstwm imu~~nta in tM uswl uandard po~~ty fam, in a sum approved by tht MORiGAGEE, in such company w companiet q t!~ MORTGAGEE may dirrct; and all fir~ md wi~dstorm insurance po~~cies on any of said buildinqs, ~n~ intertst therein or p~rt tiwereof, in tM pgrepat~ ium afwtsaid or In ~xcea ther~of, shail tontain the uswl etandard morrgagee clause cr wch othsr tiauie as th~ Mortqsgee may r~qvin, makiny tM loas ur+de~ said p~olF ti~s, ~ath and ~very, p~yable ro said MORTGAGEE as its interest may appe~r, +nd eech and every suth policy shall be promptly asa:gned •nd deliver~d to any 1»Id by uid MORiGAGEE ~s further seturiry to uid mortgaqe debt, ~nd, nat l~at tF~an ten (10) deys in advance of tha expiration of each policy, to dr ~iver fo ~+id MORTGAGEE ~ renewal thereof, tofletMr with a raceipt for the pr~mium of futh renewai; and thare shall be no fir~ or windstorm insur~ntt pl~d on ~ny of s~id b~ildinys, a~y intere~t therein or part thereof, unles~ in the form and with the loss payabl~ a~ aforesaid; and in tM svent any sum pf money becomes psy~ble under tuth policy or poli<ies ssid MORTGAGEE thall have the option to receive and app~y the ~ame on atcount of the indebted~ nesa sacur~d hereby or to permit said A~ORTGAGORS to eeceive and uae It w any pert thereof for orher purposes, ~vithout thereo~ waiving or impair- Inp ~ny ~quity, lien w right under or by virtue of thit mortgaye; and in the event said MORIGAGORS shall for any reawn fail to keep the said premises to i~sured, or f~il to detEvar promptly ~ny of xaid policies of inYUrance to ~aid MORTGAGEE, w fail promptly to ~y futly ~ny premium tharefor a in any rtspect fail to perfwm, di~charys, •xetute, effett, com.pleta, tamply with and •bide by thi~ covanani, or sny part hereof, ssid MORTGAGEE mey peate snd pry fa tuth iruurance or any part tMreof without waivinp w•ffettinp any optinn, lien, equity, or riAht undK w by viAw of thi~ Mortqaqe, +nd the f:~ll ~mount uf esch a~ ~vtry suth paymem shall ba immedi~tely dw and pay~ble and ahalt bear intere~t from ths date thereof until paid at ths rata ~I nine per centum per annum and together wirh wch interesr sFiall be secured by 1he lien of this mortqage. 1. To permit, tommit o~ ~uffer no waste, impairment or deteriorstion of said proptrty or any paH ihereof. 5. To psy all snd singulsr the costs, chargrs and expenus, including a reasonable attornry'~ fee and coats of abatrads of title, inturred or paid at ~ny fima by said MORTGAGEE, baceuse or in the event of the failure on thr part of the said MORTGAGOR to duly, promptly and fully perform, dixharg~, •xetute, effep, complete, comply with and ab~de by each end every the stipulations, agreemente, cond;tions, and covsnents of ~eid p~omissory note and thi~ mortyaye any or either, and uid tosts, chargcs and ezpenses, each and every, shall be immediately due and payeble; whethar or noi there be r,otice de- mand, attempt to collect or auit pending; s~d the ful~ amount of each end every such payment shall 6ea. intrrest from the date thereof until psid at iht rote of nine per centum per annum; and all said wsts, chargea and expenses irxurred w paid, together with such inter~st, shall be secured by the tian of thi~ mwtpaq~. 6. That (a) in the event of any breach of this Mortgage or default on the part of the MORTGAGOR, or (b) in the event any of asid suma of money hereln refarred to be not pramptly and tully paid within thirty (30) days next aiter the same severally become due and payable, without demand or notite, or (c) In the event C8CF1 and every the stipulations, agreements, cond~tions and COYQf1811t~ ot sa~d promissory note ~~d th~~ mortgeye any or either are not ~~ly, promptly end fulty performed, discharged, exetuted, effected, completed, complied with and abided by, then in eithtr or any such avent tFw seid aq~ prsyate ~um mentioned ~n said promissory note then remaining unpaid, with interest accrued, and aIl montys secured. hereby, ~hall become dua and p+y abls forthwith, or thereafter, at the option of said MOR7GAGEE, as fully end tompletely as if ali of the aaid surtu of money were origin~lly ftipuleted to be pnid o~ suth day, anything in said promiuory note or in this Mortgage to the contracy notwithstanding; and thereupon or thereafte~ al the option of uid MORTGAGEE, witho~t notice or demand, suit at law or in equity, therefore or thereafter begun, msy be proucuted is if all money sacured hereby had matured prior to its institution. 7. That in the event that at the beginning of or at any time pending any su~t upon this Mortgage, or to foreclose it, or to reform 1t, or to enforts payment of any claimi hereunder, said MORTGAGEE shall apply to the Court having jurisdiction thereof for the appoiniment of a Receiver, such Coun shaii forthwith appoint e reteiver of sai~ marigaged property sll and singular, includ~ng all and singular thn income, profit~, issues and revenues from whatever wurce derived, aach and every of which, it being expressly understood, is hereby rnortgaged as if ipec~fica!ly set fo~th and dettribed in the yranting and hsbendum tleuses hereof, and such Receiver shall have al! the broad and effective funct~ons a~d powrrs in anywise entrusted by a Court tp • Receiver, and suth appointment shall be made by such Court as an admitted equity and a metter of ebsolute right to xaid MORTGAGEE, and without referente to fha edequacy or inadequacy of the value of the property mortgaged or to the soivency or inso~vency of iaid MORiGAGOR or the defendants, and that :uch rent~, profits, income, isaues and revenues shall be apptied by auch Receiver according to the lien or eq~ity of said MQRTGAGEE a~d the prectice of such Court. 8. To duly, pramptly and fu~ly prrform, discharge, execute, effect, complete, comply with and abide by each and every the stipulationa, agreemantt, conditions and covenants in sald promissory note end this mortgage set forth. 9. that in the event the ownership of ihe mortgaged premises, or any part thereof, becomes vested in s perwn other than the MORTGAGOR, the MORTGAGEE, itt auccessor~ and assigns, may, without notice to the MORTGAOR, dsal with such sutcessor or Wccessor in interest with reference to thi~ mo~tgsqe end the debt hereby secured in the same manner as with Mortgagov witho~t in any way vitiatinq or dixharging the Mortqagortt' liability herr u~der or upon the debt he~eby secured. No sele of the premises hereby mortgaged end no forbearance on fhe part of the MORTGAGEE or itf svctessors or assigns and no extension of the time for the payment of the debt hereby secured given by the MORTGAGEE or its suctetsori or assigns, shall operafs to release, distharge, modify thange or affect the original liab~lity of the MORTGAGOR herein, either in whole or i~ part. 10. It is specifically agreed that time is of the essence of this contract and that no waiver of eny obligation hereunder or of the obliyation u~ tured hereby shal~ at any time thereafter be held to be a waiver of the termt hereof or of the instrumem :ecured herby. • 1 t. In add:tion to the forego:ng monthly payments of pr~nc'pal and interest requ~red by the prom~ssory no!e sccured hereby, mortgagor covenants and agraes to pay to mortgagee with each monthly payment an add~tional sum estimated by mortgagee to be equal te 1 j 12 ai the anhual cosi of the follow- ing: A-All real property taxes levied or asaessed aga4nst the above described reel estate. B-Premiums an fire and windstorm insurance as herein ~equ~red to be carried on the improvemenri situate on the above described premiaes. C-Premiums on such mortgage guaronty insurance as mortgagee shall from t:me ro time deem fit to carry on the loan secured hereby. Mortgagee shall from time to time norify mortoagar ~n writ~ng of the amount due and payable heraundzr and such sum shall thereupon be due and payeble on the due date of the next monfh!y payinent and each successive month thereaftcr until mortgagee sh~l1 notify mortgagor of a change in such emount. Such sums shall be appliet! by mortgagee toward the payment of real oroperty taxes, inaurance prem;ums, and mortgage gueranty insutance , premiums. I WITrlE55 WHEREOf, the said MORTGAGOR has hereunto set his hand and seat the day and year firot aforesaid. n, S~I,ed eliver d in the preatnte of: fi ~i« . •~r~~l.C'~ '~'h,!( i f' ~ r ~-cs..n / cs.~n _cs~an STATE OF fLORIDA 1 couNrY oF S~int Lucie Before me penonally appeared E~-3-Z&~]~~~1~i xBlZ~TRant a s~n~~-e_ a~l~-t his-wife, to me well known snd knawn to me to b~e the ind'+rid~a described in end who executed the foregoing instrvment, and ecknowledged befare me that t]f~y~ezecuted the same for the p~rpofes ~dl Fherein expressed. 7?nd-thr~sei.f ~wt4~ ef-the-sdd , JQah e s~'p7irafS Efia'~1i4lTe ~~aa~ipa~iMr.by .~ei~ew .Mpwa~raw~ ~psr~- f~oRr#~er-~e~e~ ~ensbend-etknev~~edge~ fo~++d-before ~rrie tteet-she~exe~e~rte~d i~1t)~insmlrrtirft Tteel~ ~and"~rolatw -+a~;y ~~,d-w;M+oer-s~,T e.s~pvtsierr; e~xronan,r,-apprrf+enn~o,r,z,r ferrr-ot II?-fr~m t?er s~rtd-hostan~ L~ WITNE55 my hand and offiti~l teal this `D~~+ day of~ A. D. 19 v~ ~ ~ . ~ • . . ~ c ~ - ' Notary P~blic in and fw the S~i~h'f.Flards'at:~'ar~, ~ My Commiasion expirea: ~rc ~ ~ ~ Retum To: • ~=~~~'"p • Y First Federal Savings 3 loan Associat[on ~ R p _ ~~1~, Of Fort Pierte. a ~ ~ fort Pierte. Florida ~K~~- R Q ~ K - ~D~ ~ ~tjQfR~M~B~ oE FLDRIDA at CARGR~~',~'"r " ~ y . ' ~~t~~~+R~ . 2 ~ FM 3 ' Z 2 ~ ~p ' ' ~}vri ~a~~^r6~~ ~ ~ ' ~ ~ P F'4iTRa5, CL~RK ~ ' ~~ST. LUCIE COUNTY. ' -1' . = ~ ' F 1.O Rt ~7i.A ~ ' , '•~L . . ' • ~ 0 R . ; BooK 129 280 _