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Home My WebLink About1726 3. To p~ace end continuw,sly keep on th- bui!u~ngs now or hereafrer ?~tuere on aaid land and on •I~ equipment ~nd parsonel'y covered by thi~ mortq- •y~, wifh •!I premium~ iher~on pe~d in full, fire ins~rance m the ~sudl a~andard policy form, in a sum approved by the MUR~GAGEE, •n~ windslorm in{urance in the usual uandard pufcy form, in e sum appraved by the MORTGAGEE, in such <cmpa:~y o~ tompanie~ ea tha MORTGAGEE msy dir~tt; •nd all firs end w~ndstorm insurance pol~c~es on eny of said buiid~ngs, any in~erest there~n or part thereof, in the spqregate su~n ~forsuid or in ~xteu lhereof, shall -,ontain the usual standard morrgagee clause or such other clause es the Mortgag~e may requ~r~, making the lou ~ndar •a~d polr cies, e~ch and every, peyable ro said MORTGAGEE as ~rs interest may appear, and each and every s~ch po!icy shall be prompt{y asf gned and de!ivered to ~ny hsld by aaid MORiGAGEE as furrher security to sa~d mortgage debt, and, not leos than ten (10) days in advance ot tha expiratian of each poti;y, to d~- liver ta said MORTGAGEE a renewal thereof, togeth~r with a rece~pt fot thz premium of such renewal; and there shail be no fire o~ wind~to~m insuronce plated on •ny of said buildings, any inttrest iharein or part thereof, un!ess in ihe form and with tha loss payable as aforeseid; a~d in the event any sum of money becomes payable under such policy or potlcies said MORTGAGEE shall have the opt~on to rece'rve +nd apply the same on accoum of the indebted- »ess secured hereby or to perm~t sa~d MORTGAGORS ro receive and ~se it or any part thrreof tor otner purposrs, w~rho~t th~rro? wai~ing or ~~t~pair inq any equ~ty, ~~tn a right under or by virtue of this mo:tgage; and ~n the event ~a~d MORTGAGORS shatl for any reason fail to keep the said prem~ses so insured, or fail to drliver promptly any of said po6c~es af insurance to said MORTGAGEE, or f~il promptly to pay fu{ly eny premium iherefor or in any rospect fail to perform, discharge, exewte, eifect, complere, comply with and ab~de by this covenant, or any pert hereof, said MORT ~AGEE may place a~~n pay for such insurance or any part thercof without waiving or affecting any aprion, lien, cqu~ty, or right u~der a by virtue of this AAortgage, end the f~ll amount of each a~d every such peyment shall be immediate~y dve and payable end shall brar interest from the date thereof until paid at the rate ot ninc per tentum pe~ annum and to~ether wi~h such interesr shaii be secured by the Gen of this mortgaga. To pe~mit, commit or suffer no wasta, impairment or deterioration of said property or any part ihereof. S. To pey all and singular the costs, charges and expenses, includirg a reasonab'e etrorney's fce and cosf• of abshacts of title, incurred or paid at sny time by aaid MORTGAGEE, betause or in rhe event of the fa~lure on tne part of the said MORTGAGOR to duly, promprly and fulty perform, d~acharge_ execute, effect, complete, comply w~th and ab;de by each and every the stip~lanons, egreements, c~ndf~ions, end covanants of said promissory note and thit mortgage any or ei~her, and sa~d coata, charge~ and expenses, each and every, shall br immediareiy due and payable; wherher ar not there bc ao~ice da~ mand, attempt to tollect or suit pend~ng; and the full amoum of each and every such payment sha!~ brar i:~terest from 1he date th-_reof until pa,d at the rate of nine per cent~m per annum; and rli said costs, charges and expenses irx~rred or paid, rogether wrth such imer~tt, sh~ll be aecured by ihe linn of thi~ martgs fle. 8. That (a) in the cvent of any breach of this Mortgage or defa~ft on the part of the MORTGAGOR, or (b) irt the event any of sa:d sums of monty . herefn referred to ba nnt promptly and futly paid wi~hin rh~rty i30) days next a'rrer the same severa:!y becoma due and payabte, withou~ demand or notice, or (c) in the event each and every the stipulations, agreements, conditions and covenants of sa:d promissory note and th~s martgage any or either e~e not ~uly, promptly and fully performed, d~scharg~d, exec~red, effected, completed, co ~~piied with and abided 5y, then in either or any such event the said aq~ gregate sum menrioned in said promissory note then remaining unpaid, wirh inrere;t accrued, and al: moneys secured hereby, ihall become dua and pay able forthwith, or thereafter, at the option of sa~d MORTGAGEE, as f~lly and completely aa ii all of the said sums of money were or~ginelly stipufa~ed to be paid on suth day, anything ~n sa;d promissory note or in this Mortgage to the comrary notwithstand~ng; and thereupon or thereafter et the op~ior, of ~aid MORTGAGEE, without notice or demand, suit at law or in equity, therefore or thereafter begun, may be prosecuted ae if all moneys xecured hereby hed matured pnor to its institution. 7. That in the event that at the beginning of or at any t~me pendi~g any suit upo~ thia Mortgage, or to foreclose it, or to reform it, o~ to enforte payment of any claims hereunder, said MORfGAGEE shall app(y to the Court having juiisd:ction the:eof tor the appomtment oi a Receiver, such Court shail forthwith appoint a rece~ver of saiF! mortgaged property aif and singular, indud:ng ~II and singuiar ihe ir.come, p~ofits, iss~~es ar.d reven~es from whatever wurte derived, each and tvery of wh,ch, it being express~y undersrood, is hereby morigaged at if spec:fically set forth and described in the granfing and habendum clause~ hereof, a~d such Receiver shali have all the broad and effectivz iunct,ons and powers in anyw~se entruvzd by a Court to a Receiver, end tuch appointment shali be made by such Court ae en ad;-~~ited eq~ity and a matter of absolute r;gM to said MORTGAGEE, and wirhout reference to the adequacy or inadequacy of the value of rhe property mortgaged or to the so~ve~:y ur Urc~~.en:y of sa~d 1J10RiGAGOR or the def~ndants, and that wch rents, profits, income, issues and revenues shail be apptied by suth Receiver accord~ng to the lien or eq~ity of said MORTGAGEE and Ihe practice of auch Court. 8. To duly, promptly and fully perform, d~scharge, execute, effecr, complete, comply wirh and abide by each and every the stipulations, agreemants, conditions and covenants in said oromissory note and th;s mortgage set forth. 9. That in thn event the ownership of the mortgaqed premises, or ary part thereof, becomes vested i~ a per~on other than the MORTGAGOR, the MORTGAGEE, its successors and assigns, may, withou~ notice to tt~e MORTGAOR, deal with s~ch successor or wccas~or in interest wirh referen<e to thi• mortgage and the deot hereby srcured in the same manner as with Mertgagor w;thout in any way vitiating or d~stherging the Mortgagon' liability here- under or upon the debt hereby secured. No sale of the prem~ses hereby mortgaged and no forbearance on the part oi the MORTGAGEE or its svccessor~ or assigns and no extension ef the time for the paymenr of the debt hereby secured grven by the MORTGAGEE or its wccessors or assigns, ,hall operate to release, discharge, modify change or affect the orig~nal liau~~ity of rhe MORiGAGOR herein, cither in whole or in part. 10. It is specifically agreed that rime is of the essence of th~s contract and that no waiver of jny obligation hereunder or of the obli~ation se- tured hereby shell at any time thereafter he he.d to be a waiver of the terms hereof or of the instrument secured herby. 11. In add~t;e~ to the forego'ng month!y payrnents of princ aal and interest required by the prom ssory nore :~_cured hereby, mortgagor tovenanty and agrets to pay to mor?gagee ~xith each month'y payr.•,ent an addirional sum est;mated by mort3agee to be eG~al to 1; 12 of the annual tos! of the fpllow- ing: A--AII real property taxes Icv~ed or assessed ag3inst the above desui~ed real esrare. B-Premiums en fire and windstorm insurar.ce as ner~[n rcq_~;red ro be ca~ricd on the ~mrrove~nents sit~ate on the above described premises. C-Premi~ms on such mortgage guaranty ir.s~rance as rncrrgagee shail frer t me to t:me deem fit to carry on the foan sewred hereby. Mortgagee shail from t~TP to time nefify merrgagor fn wr;t;r,g of the amou~t d~e and payable hereunder and such su~r, <hall thereupon be due and payable on the due date ef the next morth,y payrnent and e<:ch successive month thereafter uctil mcrtpagee shai! not~fy mortgagor of a change in such emount. Such sums sha~l '~e app ied by rnortgag=e tcwa~d the payment of real property tares, insurance prem;ums, and mortgage guaranty ensurance premiums. IN `NITNE5$ WF'EREOF, the said MORTGAGOR has here~nto set his hand ar.d seal the day ar,d year Sirst eforesai~ n SiQned, Sqaled a~d~d~li~ered in ihe presence of: ~~j ~ \ . L i ~ ~ / ~~T~ ~ (~C~~~\ t~ (Seel) ~ - (5eeq (Seal) - (Seaq STATE OF FLORIDA ~ 55. couNrr oF _ S t. Luc i e~ i eefore me personally appeared R!~tYl R. ~rT'&l1a.C~1~ fi W1C~OW ~ ~ ~y - Irirv?ik, to me well known and known to rre to kx the individualy described in and who executed tha foregoing instrument, and acknowledged before me ?hat &ieg executed the same for the purposes 4here:n expressed. limd Tfi9 srYld_ _ wife-of~ thc sejd ~ ~ ~ vpoer a st~sar~ete-and~-pri~efe «carw~r»tiow ~~rn?e-reicer.-~ep~erete snd~perf -fron- fier Ya+d-~trosband, -ecicnos~irdged~~ and ~efor~rne~-t~tar sfie execatrd-~said fnstrvmerrt-freefy-~and~ ~oPurr ?.rily~.nd .v+?heu+ arry-cempol~;rx,,-~cvrn+reinr- appreher,r'orr-Dr-FCCr af ~r frortrFf~nat~ trt,st,arrd. WITNE55 my hand and official aeal this ~s ~ day af Q~ tober , A. D. 19 ~ \ ~ ~~C~flL.C.-~L~ - - Notary P i: in end for tfie 5tate of Flo: ida at Large Retum To: ~ R~~pR~~~ My Com ~ss~on expues: AN ` K firs! FederoS ~aving~:.~. Loan Association F`~"~~ . D ~A~ :io`.~ry Pu~l'C, St3ts ol F10ride ~ L.d~ ~4f fw?,;Prer'Ee. - ~ M~ Comr~ ss cn Exp res Aug. 6, 1967 ' ' C~'~„".G ~U„d~a cy Arnti ~can Sur~ty. Co. at Lti. Y. ' forf ,Diert~~ •F;oc~cta . ~ -i~ f ~ , ~ OC~ 29 PM Z ; 35 . . : . ~ - - 6 ~~~3~;~;U . ~LERK ' _ ` " . J ~ ~~-~G : • ~g~+E'` rJ`EnCOUNTY. . ~ - . ~ 5 ~ `fLOP~~~A : ~ . . u k 1` ~ . „c: . : . ~ ~ '~~'x~' BQJK ~~7 I