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Home My WebLink About1487 J. ta pleca end continu~ousiy keep on ~he bvild~nga now or t~~reafts~ s~tuat~ o~ sa~d land snd on all equipmertt ~nd peno~~lly coverad by this morrg ~p~, with •I) premium• theraw+ paid in full, fire in~urance i~ the usual ttanderd policy form, i~ a tum approv~d by the MORTGAGEE, ~nd windstwm insur~nte in tl+t usuai st~nd~rd policy form, in a aum approved by the MORTGAGEE, in ~vch comp~ny or canp+nias ~t tM MORTGAGEE may dirtct; •nd all fire and windstorm insur~nce policies on any of tiaid bvildings, ~ny intsrast thersin or part thereo4, in the aggreyat~ tum atw~s~id w (n ~xtesf tharaof, sh~ll contain ihe ~s~sl standerd morrgagee clauie or such other tlause ss fha Mortgagee may rsquire, makiny fhe losi under f~id polb cia, Nch ~nd eve~y, payable to said MORTGAGEE as its interest may sppear, and each and every •uch policy shall be promptty asi:gned ~nd de~ivered to ,~y held by said MORiGAGEE a~ further seturity tn seid mongage debt, and, not leu than ten (10) days in advence of the expirefion of each policy, ~o d~- livsr to aid MORTGAGEE • ranewel thareof, tnyethtr with a receipt for the premium of such renewal; and there shall bs no fire or winda~orm i~uur~nce placed on any of said buildinpi, any interesi therein or part thereof, unless in the form and with the loss payable as eforeaaid; end in the evant any ~um of monsy becomet payable u~der such policy or polities said MORTGAGEE shall have the option to retaive and ..~ply the ~ame on accaunt of the indebted- rau secursd hsreby or to ~ermit aaid MORTGAGORS to receiva e~d use ~t o~ any part thereof for other purposea, wUhout there6~r waiving or impair iny •ny puity, lien o~ riqht under or by virtu~ of thii mo:tgage; and in the event said MORTGAGORS shall for ~ny reason feil to kcep the said premise~ so imured, or fail to deliver promptly any of sairJ policiea of i~svrance to ~eid MORTGAGEE, or fail promptly to pay fully eny premium therefw w in s~y napsct feil to p~rform, diuha?ge, execute, ~ffecl, complete, comp~y with and abide by thit [ovenant, or any part h+reof, said MdRTGAGEE may place end p~y fot tuch iruurance or ~ny part th~reof without waiving or affectinq any option, li~n, equity, ar right under w by virtw of thi~ Mo~tyape, and the tull amamt of each and every such payment shall be immediately dw ~nd payable and thall bear intereat from th~ date thareof until paid at the rats oi nine pr? centum per annum and tagether with such interest shall be secvred by tht lian of thi~ mortgage. 4. To p~rmit, commit or ~uffer no wasta, impairment or deterioration of said property nr any part thereof. S. To pay ell and iingvlar the costs, charges and expenses, induding a reaaonable ettorney's fee and cost: of abttratts of title, inturrad or paid any time by said MORTGAGEE, because or in tfie event of the failure on the part of the said MORTGAGOR to duly, promptly and fully perform, d~ticharge, execVtt, offect, complete, comply with and ab:de by each snd every the stipuletion~, agreemants, condit~ons, and covenants of taid promissory note and thi~ mortyafle •ny or ei~her, and said cosra, cherges and expenses, each and every, shall be immediatety d~e and payable; whether or not there be notice da mand, attempt to colied ot suit pending; end the full amount of each and e~ery such payment sha!I bear interest from the date thereof until paid at ihe rate of nine per centum per annum; and afl said costs, charges and expenses inturred or paid, together with such intert~t, shall b~ secured by the lien of this mortya9e. G. That (a) in the event of any breach of this Mortgage or default on the part of the MORTGAGOR, or (6) in the event any of taid sumt of money herein referred to be not promptly and fully paid within th:rty (301 days next aftar the same severally become due and payable, without demand or no!icr. Or (c) (n the evtnt eath and every the stipulafions, agreemrnts, tanditions and eavanants of ea;d promissory note and thls mortgege eny or either are net ~u~y, promptly end f~lly performed, discharged, exec~ted, effected, completed, complied with a~d abided by, then in either or any such event ths said ig~ pragate sum mentioned in aaid promissory note then remeining unpaid, with interest accrued, end all moneys secured hereby, ihall become due and pay able forthwith, or thereafter, at the option of said MORTGAGEE, as fully and completely as if all af Ihe said sumt of mcney were originally stipulated fo be paid on such day, anything in said promissory note or in this Mortgage to the contrary notwirhatanding; and the~eupon er thereafter at the opt~on of ~sid MORTGAGEE, wirhout norice or demand, suit at law or in equity, therefore or thereaftcr begun, may be prosecuted ss if aIl moneys secured hereby had matured pr~or to its institution. 7. 7het in ihe event that at ihe beginning of or at any time pending any suit upon this Mortgage, or to faetlose it, or fo reform it, or to enfores oaymtnt of any claims hereunder, iaid MORiGAGEE ahall app~y io the Court having jurisd~ction ihereof for tha appoiniment of a Receiver, ~uth Court shall Forthwith eppoint a receiver of sai~ mortgaged property all and singvlar, inciud~ng all and singular the ir.come, profits, issuca end revmues from whatever wurce derived, each and every of wh~ch, it being expressly understood, is hereby mortgaged as if :pec~ficalty set ~orth and described in ihe granting and habendum clauses hereof, and such Rece~Yer shall have all the broad and effective fur~ct~ons and poweri in anywise entrusted by a Court tp a Receiver, and •uth appointment :hall be made by such Coun as an admltted equity and a matter of absolute right to sa~d MURTGAGEE, and wifhout referenca to the edequacy er inadequacy of the value of the properry mortgaged or to the soivency or insolventy of said MORTGAGOR or the defendants, and thaf such rents, profits, income, issues and revenues shafi be applied by such Receiver according to the Iien or equity of ~aid MORTGAGEE end the practice of such Court. - 8. To duly, promptly and fully perform, discharge, exrcute, effect, complete, comply with and abide by each and every the itipulations, agreementi, tonditions and tovenants in sald promisxory note and this morigage set fbrth. 9. Tha9 in the event the ownership of the mortgaged premises, or any part thereof, becomes veated in ~ perwn other than the MORTGAGOR, the MORTGAGEE, its successors and ass+gns, may, without notice to the MORTGAOR, deal with such successor a wteeasor in interest with refer~nce to thi~ mortgage and the debt hereby secured in the same manner as witn Mortgagor without in any way vitiatinq or d~xharging the Mortgagors' liability hera under or upon the deb~ heceby secured. No sale of the Fremises hereby mortgaged and no forbearance on the pert of the MORTGAGEE or its iuccessors or sssigns and no extension of the time for +ha payment of the debt hereby secured given by the MORTGAGEE o~ its suctessw• or aui9ns, shell operat~ to release, distharge, modify thange or affect the originaf iiability of the MORTGAGOR herein, either in whole or in part. 10. It is specifically agreed that t~me is of the essence of this contract and that ro waiver of sny obligation hereunder or of the obli9ation sr tured hereby shall at any time thereafter be held to be a waiver of the terms hereof or of the instrument secured herby. 11. In add~tion to the fcrego:ng monthly payments of princ'pal and interest required by the prom~ssory note secured hereby, mortgagor tovtr.ent~ and agrees to pay to mortgagee with each monthly payrnent an add~rional sum estimated by mortgagee to be equal to 1 12 uf the annual cost of the follow- ing: A-All reat prcperty taxes lev'red or assessed agai~ist thc above destrited real estate. B-Premiums on f4e and wir.dstorm insurar.ce as i~erein requ~red to be carried on the im~rovementt situnte on fhQ above described premises. C-Premi~ms on such mortgage guaranty insurar~ce as mortgagee shall from t~me to time deem fit to carry on the loan 3ecured hereby. Mortgagee shail from time to time notify mortgagor in wr~ting of the amount dve and payable he~eunder snd such sum shail ihereupon be due and payable on the due date of the next month:y paymer,t and each successive momh thereafier until morigegee shall notify mortgagar of a change in such amount. Such sums sha~l be applied by mortgagee toward the payment af real property taxes, insurance prem;ums, and mortgage quaranty insurance premiums. IN WITNES WHEREOF, the said MORTGAGOR has hereunto set his hand and seal the day and yter first aforeseid. 5iyned, a d e rv presence of: • ~ ~ r _---(Seel) tSesq ~ '~c-b,~,~ {S~al) (Seal) STATE OF PLORIDA COUNTY OF S~ 1n t Lu c i e ~ Before me penonally appeared LU t 318 P'+J a 1 ke r~ end A r r3 P 1 i z~ W z~ 1 kP r his wife, to me weil known and known to me to be the individ~als destribed in and who executed the foregoirg instrument, and acknowledgeti before me that they executed the aame for the purpates therein expreued. And the said A r d e Z i~ W a 1 ke r wife of the seid Lu the r~M 8 1~''2 2' upon a separote and private examination by me taken separate and apart frcm her said husband, atknowledged to and before mp that ahe executed said inatrument freely and vo~un- tarily ~nd without any compulsion, canstraint, apprehension, or fear of o! from her said hueband. WITNE55 my hand and official seal thi~ ,~'.c%S~ day of ~CtO 7' A. D. 19 ~ ~ ' , ~ : . ,~'~r,y,,,_ Nota Public in and for the State ot'F1~ridD ~t l~ipa . My Commi~ ion a pires: r_~. .-'~j r~•. Return To: ~O . _ , _ ' . : Fint federal 5avingt 6 Loan Association ~~~6 ' Of Fo~t P~erce. ' FI~ . AND~ R~EC~~lt~~~'' - , FoeF•i~iY~e, florida ~Q~-~r, STATE nf Ci n~~.~n 2t LARGE • _ r~%°"~'~~ t~;^'J. " .~J~ ~ : Ei',';? ~d, 1_'~ ~ BONDED THROU,^,M FRED W. D!ESTELHORST . . !11~~tJSfJ~! . . . ~ ~ ~ '65 OCT 21 PM 3 : 2Z j i,,~~'~' ,J~^ i e~, E1L)~3.~ ~ , _ , ~ ~ = ROt3Eft r~ui~( rtAS. CLERK : S7. LUCIE COUNTY. - ~ . ' • F~ORI~A . 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