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Home My WebLink About0056 3. To place and contin~ovsly keep on ihe b~i'd~~gs now or hereafter eitu~tr on ea~d land and on a~i equipme~rt and perso~elly covered by this mortg- ags, with ~11 premium~ thereon pa~d in fuil, ffre ins~rance in the ~sual srandard policy form, i~ a sum approred by tha MOR~3AGEE, ~nd windsto~m i~surante in the us~al standard pofcy form, in a wm approved by the MORTGAGEE, in such company or tompenies es the MORTGAGEE may diret~; end ali fire and windstarm insurance pol~c~es an ariy of said buildings; any interest therein or part thereof, in the aggregate sum ~Eoresaid or In excess thereaf, shall tontain the usual standard morrg,gee tlause or such other tlause es Ihe Nlortgagee mey requ:ro, making the lots under sa~d puli- cies, each and every, payable ro ssid MORTGAGEE as its ir.terest may appear, and each and every such pc~i~cy shall be promptly asi~ned and deHvered ~o •ny hald by said MORTGAGEE aa further sewrity to said mortgage debt, and, not leu than ten (101 days in advance oi the expiration of each pality, to dr liver to aeid MORTGAGEE e renewal thareof, togethsr wirh a rece~pt for the premium of such renewai; and there sha;l be no Gre or w~~~dstorm insurance pleced on any of said b~ildings, any iniereit thrr~~n or N~rt tl:,r~of, ~,n~ess in the form and with the loss payable as a~o~esaid; and in the event any sum of money becomes payabie vnder such policy or pollcies said h'~ORTGAGEE shati have the op6on to receive and app!y the sar.~e on accc,~nt of the indebted- neas xcured hereby or ro perm~t said MORTGAGORS to receive and use it or any part thereof for othe~r purposes, w~~hau! th~~eb~ .vaiving ar nnpair- inp rny equity, lien or right ~nder or.by virtue of this mo::gage; and in the event sa~d MORTGAGORS shali for any reason fail to keep the said premises so insured, or fail to deliver promptly any of said poGc+es of ins~rance to aaid MORTGAGEE, or fail promptly to pay fully any pr~m;~m iherefor or in a~y renpect fail to perform, discharge, execute, effect, complete, compiy with and abide by this covenant, ~r any part herenf, said A4CRTGAGEE may place and pey for such iniurantc or any part thereof without waiving or affecting any option, lien, eq~ity, or right under or by virtue of th~s Mortgage, and tfie fvll amount of each and every such payment shall be irnmediately due and payable and shail bear interest fro~n the date thereoF unt~~ paid at the rate ot ~ine per centum per an~um and togathar wifh such in~eresr shali be s~c~red by the licn of this mortgage. 4. To permit, commit or wffer no waste, impairment or deteriorat;on of said property or any part thereof. 5. To pay all and singular the costs, charges and expenses, including a reasonable sttorney"s fee and costs of abstracts of title, incurred or paid at eny time by said MORTGAG:E, because or in the event of thF failure on tha part of the said MORTGAGOR to duly, promptly and fully perform, d~scharge. execute, effect, complete, compiy w~th and ab;de by each and every the stip~lat~ons, agreemenrs, c~nditions, and covenants oi said promiisory note and ih{s mnrtgage any or e~ther, and said cosrs, charges and expenses, each and every, shail br immed~atrly d~e and payable; whether or not rhere be not;ce dr mand, attemat to toliect or suit pend~ng; and tha full amount of each and every such paymem shail bear interesi from Ihe date ihereof until paid a1 the rate of nine per tent~m per ar.num; and all sa~d costs, charges and ex,r,enses incurred or paid, to9ether wlth such intereit, shall be aecured by the lien of Thi• mortgage. 6. That (a) in the event of any breach of this Mortgags or default on the part of the MORTGAGOR, or (b) in thc event any of said sums of money herein referred to be not premptly and fuliy pald within th,rty (30; days nex~ a~n~r the same severa!ty become due and payable, w~~hout demand or r.otice, or (c} in the event each and every thP stipu~ations, agreaments, condlttons and covenants of sa d promissory note end th~s mortgage any or CifhCf are not ~uly, promptty and fu~~y performed, dlscharged, executed, effec!ed, completed, compiied wifh and abided by, then in either or any auch event the aa~d ag• gre~ate sum mentioned in said promissory note thzn remaining ~npaid, with interest accrued, and atl moneys secured hereby, shall become due and pay~ able forthwith, or rhereafter, at the ep!~on of sa;d h~ORiGAGEE, as fully and compietely as if ati of the said sums of money were originelly st~pulated to be ~~~d on suth day, anything in sa.d prom~ssory note or in ~his Mortgage to the tomrary notw~thstanding; and thereupon or thereaher at the op~ion of seid MORTGAGEE, without norice or demand, s~it at law or in equiry, the~efore or thereafter begun, may 6e prosecuted as if all moneys secured hereby had matured pr~or to ~ts institution. 7. That in rhe event that at the beginn:ng of cr at any ti~ne pending any s~it upcn th~s Mortgage, or to foreclose ii, or to reform it, or to enEcrce paymeM of any daims hereunder, said h1URTG.AGEE shaii app!y to tha C~urr hav;ng jui~sdsfion thereof for the appolntment of a Receiver, auch Court shail forthwith appoint a~eceiver of szi~i mortgaged property all a^d singular, includ.ng oil and singuiar the income, proi~ts, iss~es and revenues from whatever source derived, each and ee•ery of whlch, it be~ng express!y undersioed, is hereby mortgacJ^d as if spec~fiically set fortFi and described in the g~ant;ng and habendum clauses hereof, ar,d such Receiver shall have al~ the broad and effecrrve funct:ons and powers in anywise entrusted by a Court tq a Receiver, and tuch appointment shal~ oe made by such Court as an ad-nitted equ~ty and a matter of absoiute right to sa~d MQRTGAGEE, and without referente to the adequacy or inadequacy of the value of the properry mortgaged or to the so'.vency or inso,vency of said MORTGAGOR or the detendants, and that Su[h renfs, profits, income, iswez and revenues shaii be appl~ed hy such Rece~ver accord.ng to the lien or equity of said MORTGA'v'EE and thz pracrice of such Court. 8. To duly, promptiy and f~liy perform, d~scharge, execute, effecr, complere, cornply with and ablde by each and every the stipulationa, agreements, conditions and tovenams in said promissory note and fh:a mortgage set !orth. 9. That in the evem the ownership of the mortgaged premises, or any part therecf, becomes vexted in a person other than the MORTGp.GOR, the MORTGAGEE, its successors and assig~s, may, wirhout notice to the ,tiSORTGAOR, deal wi!h wch succeesor or wceessor in interest with reference ro this mortgage and the debt hereby secured in rhe same monner as witn Mo~tgagor without in any way vitiatir.g or d~scharging the Mortgagors' liability here• undrr or upon ihe debt hereby sec~red. No sa!e of the Fremises hereby mortgaged and no forbearance on the part oi the MORTGAGEE or its successors or assigna and no exrension ot the time ior the payment of ;he debt h^reby secuied given by the MDR?GAGEE or its avccessors or assigns, af~ali operate 1o release, discharge, mod~fy change or affect the orig~nal liabil~ty of the MORTGAGOR f~erein, either in whole or in part. 10. It is spec~fically agreed that time is of the esser,ce of thls contract and that no waiver of any obllgatlon hereunder or of tiie obligation se- cured hereby shall at any time thereatter be held ro be a waiver of the terms hereof or of rhe instrumem sec~red herby. 11. In add~ror~ to the fo:ego n~ n~onth!y paym~nrs of princ'pal and inrerest requ~red by the pro~n ssary no~c secured hereby, mortga^yor covenants and agrees to pay to rt:ortgagee with each r.,on!h'y pa,r ent an add.r~or.al s~m es!:n ared by mortyage~~ to be eyual to 1; 12 of t~,~ annual cost of the follow- in~: A-All real prepcty taxes le~re:.' or d55c'Si~U ~g~i~.st aba:e describ~d real esia!e. B-Pram;u:ns on f:re ar,d v;ir.dstonn lnsvrarce :~s iiere n ~~,q~., red to be ca~~~rd en tf~2 ;m,:rove~~e,ita s~tva~e on thc above d.scrlbed premises. C-Prer.~i~ms on sucn mertgsge q~aranty irsura~ ce as mortyagee sha!I frca~ t me to ti~ne deem fit to carry on the loan secured hereby. Mortgagee sha l.'~an ti ne !o t~~ e norif; rrcrf~„~or n nnt!ng oi 'he a~ro_•~t d_~_ and payable hereundar and such s~~~ shail ~~creupon be d~~e and payable on the doe uate of ihe next n:onth!~ pa~~n~nt and e~c~, s~:cess~ve month ri,ereaft~r c~,?ii mertgagee sha!i no!~fy mertgagor of a change in such ame~nt. Such surns shall be aop;ied by moitgay_e to.:ard the Eisy~r.ent of real properry texes, insurance prem,ums, a~id ~iortyage guarenty insurance premiums. IN WITNESS WHEREOF, the ss~d N~ORTGAGGR has hereunto set his h3nd anu' seal the day and ~r first aforesald. ~ Sig d e ed an eli the presence of: ~ . , (5eal) - - i. -1-' u ~ ~ 4 (5eal) ~.~(5eel) - - ~Sealj STATE OF FLORIDA ` } 55. COUNTY Of ~~`?i~il~_ T t7n~ t? ~ ~ &nd Before me personally appezred _r~~~Ty_ j'+_,~? . ~ p~r - i','? ~'r~~_VI7 _n . 1~ P V~~ _ his wife, to me weif known and known to me ta be the individ~ais described in and who executed th~ foregoirg instrument, and acknowledged before mz ihar ihey executed the sam> for the purposes hherein expresaed. And the said- ~'L3 ~"n~ ,V1'1 i; . ~Ri ~ r'~ wife of the said ~ r.~.~ r- ~eg _ J upon e separate and private examination by me t3ken s?parate znd apart from h~r said husband, acknowledged to and befere me that sne executed said instrument freely ar.d volun- tarily and without any compulsion, constraint, a,r,prehension, or lear of or fiom iie: said husoard. r WITNE55 my hand and a{ficial seal th:s___~~~~~~~ day of__~.Ll P ~A. D. 14_:.~~ , v m~-- _ - ~ . , ~ , ; ~ ~ ~,~r,~= ~ ~ - ~ - - ~ Notary Pu6iic in and for the State cf Florida at l5tge My .r.ommissian expires: y-;( b y. ! " - Retum To: ' . ' First federal Savings & Loan Aszociation Q C . o~ Fo~r Q,e~~e. F{ '~~~~~~I~ RD t Fort Qierce, F!orlda ~ ~ ~ ~ , . C'~~ ? ` : . . , '65 ~QU I5 Pi~1 3 : 08 ~ . , • . . . _ , - . d 2. ! ! i '.._.e t.~ _ . ~ ~ , ~ FtG~:E_:; . . . C~ERK . ~ ST. " ~~i: C~JUy i Y. . ~ F~CRIDA ~l tZ ~ ~ . . gooK ~.~31 ,,f~'~~ , . , . - ~