The URL can be used to link to this page

Home My WebLink About1553 3. To plxe and continuously keep on the build~ngs now o~ heresfter ~ituete on ss+d Iend snd on all equipmsM and p~rsonally covasd by this mortg- p~, with all p+emiums thereon paid in full, fire insvrance in the usual sta~dard policy form, in • sum approved by the MORiGAGEE, and windatorm i~sursnc~ in tha usual atandard pol~ty fo+m, in a sum approved by the MORTGAGEE, in iuch compeny or companiea as tho MORTGAGEE may dintt; and a~l fiit and windstorm insurance polkies on any of said kwi~d~ngs, any intereat therein or part ttxrcof, in the apgrepate tum sfwes~id or In txceas thtreof, yhelt contain t~a usual standerd mortgagee clause ~r such other cleuse es 1he Mortgagee may require, makiny the loss under s~~d pol~ cies, s~ch and every, payable to ssid MORTGAGEE as ~~s imerest may appear, e~d each end every such policy ~hAll be promptly ass.gncd and delivered to aoy held by uid MORTGAGEE as further security to sai~ mortgage debt, and, not leu than ten (10) days in advance of the expiration of each po~icy, to d~- livtr ?o ~aid MORTGAGEE • renewal thercof, togethsr wirh a rece~pt for the promium af su<h renewal; anu thera shall be no f~re ur w~ndstorm insurance placed on any of said building~, any interest therein or part thereof, unless in the form end with the loss payable as aforeseid; a~d in the event any sum of money becomef psyable under such pclicy or pol~cies said MORTGAGEE shall have the opt~on to receive and apply the same on account af the indebted• neu secured hereby or to permit sa~d MORTGAGORS to receive end use it or any part thereof for other purposes, w~~hout tha•eu~ wai~ing or ~mpair- iry any equity, lian or right under or by virtue of this mo:!gage; and in the evenf taid MORIGAGORS shall for any reason fail to kaep the said premisas so Ins~red, or fai) ro deliver pramptly any of said pol~ties of insurance to said MORTGAGEE, or fail promptly to pay fully any premi~m therefor or in any tsspect fail to perform, discha~ge, execute, effect, complete, comply wirh and abide by this covenant, or any part hereof, said MOkTGAGEE may pla<e and pay for tuch insurance or any part thereof without weiving or affectinp any op?ion, lien, equity, or right under or by virtue of thia Mortgage, and the fult amount of each end every auch payment shall be immediately due and payabla snd ahall bear intere~t from tM date thereof uniil paid at the rate ol nine per centvm per annum and together with such interest shali be secured by the lie~ of this mortgage. 1. To permit, mmmit or suffer no waste, i~npairment or deterioration of said property or any part thereof. 5. To pay all and singular the costs, charges and expenses, including a reasonable attorney's fee and costs of abstrads of fitle, incurred or paid at sny time by said MORTGAGfE, because or in the event of the failurc on the part of the aaid MORTGAGOR to duly, promptly and fully perform, distharge. execute, effect, complete, comply with and ab;de by each and every the itipulations, agreements, conditions, end covenanrs of said promissory r.ote and rh~s mwtgage any or either, and sa~d costs, charges and expenses, each and evary, shall be immediatEly due and payable; whether or not there be r,o~ice de~ mand, attempt to tollect or suit pending; and the full amount of each and every such payment shall bea~ interest from the date thereof until paid et the rete of nina per cenrum per annum; and all said costs, char~et and expenses incurred or paid, together w~th such intaresf, shall be setured by the lien of thi~ mortgaye. 6. That (a) in the rvent of any breach of this Mortgage or default on the part of the MORTGAGdR, or (b) in the event any of said sum• of money herein referred to be not premptly and fuliy paid within thirty (30) days next atter the same severa'ly become due end payable, witho~t demand or norite, or (t) tn tht event eath and every the stipviations, agreemer.ts, conditions and covenants of sa;d Fromissory note and th~s mortgage any or either are not ~uly, promptly and fully performed, d~scharged, exec~ted, effected, completed, complied with end ebided by, then in either or any such event the aeid +g~ pregate sum mentioned in :aid promissory note then remaining unpaid, with inrerest accrued, and atl moneys setured hereby, shall become due and pay eb!• forthw+th, or thereafter, at the option of said MORTGAGEE, as fully a~d completely as if all of the said sums of money wero oriyinally stlpulafed f0 be peid on such day, anything in sa~d promissory note or in this Mortgage t~ the contrary notwithstanding; and thereupon or thereafter at the option of •aid MORTGAGEE, without notice or demand; suit at law or in equity, therefore or thereafter begun, may be prosetuted aa if all moneyi iecured hereby had m~fured priar ~o its init~tufion. 7. That in the evenf that at the beqinning of or at any time pending any euit upon this Mortgage, or to fore<lose it, or to refarm it, or to enforce peymen! of any tlaims hereunder, said MORTGAGEE shall app~y to the touri having jurisd~nion thereof for the appointment of a Receiver, such Court shall forihwith appoint a recriver of saiFl mortgaged property all and singular, inc!ud~ng ail and aingutar the income, profits, issues and revenues from whate~er wurte derived, each end every uf which, it bei~g expressly unders~cod, is hereby mo~~gaged as if specifically set forth and described ln the yronring and habend~m ciauses hereof, and wch Receiver shall have all the broad and effecrive func~.ons and po~,vers in anywise entrusted by a Court tQ a Receiver, end tuch appointment shall be made by such Court as an admitted equity and a matter of ebsolute r~ght to said MORTGAGEE, end without reference to the edequaty or inadequacy of the va~ue of the properry mortgaged or to the soivency or insolvency of said MOkTGAGOR or the defendants, and that such ronta, profita, income, iasues and revenues ahall be app:ied by such Receiver accord~ng to the lien or equity of said MOR7GAGEE and the practice of such Coun. H. Ta duly, promptly and fully parform, dlscharge, exec~te, effect, complete, comp~y w~~h and abEdt by each and every the atiputations, agreemeMS, tonditions and covenants in said promissory note and this mortqage set forth. 9. That in the evcnt !he ownership of the_ mortgaged premises, or any part thereot, 6ecomes veatad in a peraon other than the MORTGAGOR, the MCRTGAGEE, itf successors and ass~gr,s, may, without notice to the MORTGAGR, deal with such suaessor or wccrtstor in interest with teference to this mortgago and the debt hereby secured in the same manner as with Mortgago~ w~thout in any way viriating or discharging the Mortgagori' liability herr under or upon the debt hereby setured. No sale of the premises hereby mortgaged and no forbearon~e on the part of the MORTGAGEE or its successors or a:signs and no extension of the time for the payment of the debt h~reby secured given by the MORTGAGEE or its successors er assi~ns, si~ali operate to releaie, d~scharge, mod'rfy change or affect the orig~nal liab~l~ty of the MORTGAGOR herein, either in whale or in part. 10. It is •peufical{y agreed that time is of the essence of this contract and that no waiver of any obligation hereunder or of the obliqation se- tured hereby shell at any time thereatter be held to be a waiver of the terms hereof or of the instrument secured herby. 11. In add~tion to the forego:ng monthly paymen±s of princ'pal and interest req~ired by the prom[ssory no!e sccured hereby, morigagor covenants and egrees to pay to mortgagee with each morohiy payrnent an add~fional sum estimared hy mortgagee to be eq~al to 1,' 12 of the ann~al tost of the foilow- ing: A-All real property taxes levied or assessed agai•ut thc above desc~ibed real estate. B-Premiums on fire and windsrorm insurance as herein requ~red to be tarried en the ~mproveme~ts sit~ate on the ebove d>scribed premises. C-Pramiums on such mortgage guaranty ir.surar,te as mortgagee shail rrom Yme to time cleem fit to carry on the loan setured hereby. Mortgagee shall from fime to Nmc norify mortgayor ~n w~iting of the amo~ot due and payable Fereund~r and wch s~m shall thereupon be due and payable on the due date of the nezt mor.thiy payment and e~cn suaessive month thereaft~r ur:til mortgagee shall notify mortgagor of a change in such amount. Such sums sha!I be applied by mortgagee toward tF~e payment of real property tazes, insurance prem;ums, and mortgage guaranty insurance premiume. IN WITNESS WHEREOF, ihe said MORTGAGOR has here~nto set his hard and seal the day and y r first aforesaid. Siyned, e ed e, d ivtre ' t, presence of: ~ ~ (Seel) tSesl) (Seel) (Seal) STATE OF fLORIDA , ~ .L ~ C ~ ss. COUNTY OF 6efo+e me personally appeared ~11Flla t A a,~,m _ and ~nY' O t~'1~ A Q'31I~1 _ his wife, ro me well known and known to me to be ihe individuels described in and who executed the foregoing instrument, and acknowledged before rne that they executed the same for the purposes therein expreased. And the •aid ~n'-' O t!^ p~ ~~-m wife of the aaid A1~~s t A 9~! , ~pon a sepqrate and private examination by me taken :eparate and a~art from her sa~d husband, atknowledged to and before me that she exec~!ed said insirument freely and volun- farily and without any compu~sion, constraint, apprehension, ar fear f or from her said huaband. WITNESS my hand and offic~ai seai this ~~day of ~C t0 ' A. D. 19_~_ ~ P~ - _ ' F1L qN Eti ~ Notary Fubl;c i? end for the State of Florida at lar~e • ~BOOK My Commlasion expire~~oiary Publf^_, Stete ~f Fbrlda at larp;e Return To: firat Federal Savin s 6 Loan Association M11Y ~Omm s5 On Exp~l'25 NOV. 3, 190~ 9 ~ Bonded by American Surety Gv. ot t•i. 7. Of fort Plerce. ~ Fert Pierce, Florida ~65 OCT 2 5 I O' ~ , : 1.3~3'71;~ ~ , , . ~ . _;~~~°u~~,- ROGFR ~Oi t RAS. CL~,RK - . ~ " ' _ . ' ~ ' ~ ST. LUCIE COUNtY, • . ; . . F'~.DRI~A , . ~ . , ; ; , - , . ~ ~~x ~~9 3~4 - . _ •