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Home My WebLink About0274 3. To place and continuously keep an the bui'dlr,g: now or hereaher ~~ivetr on sa~d lend and o~ •II equipmenf end prnonilly covered by thi• mortg- ~pe, with ell premium• thereon pa~d in full, fire ;nsurarue in the usual stancfard po~icy form, in • sum approv~d by thc MORIGAGEE, •nd windstorm insurance in the u~val otandard po~lcy form, in a s~m approved by the MORTGAGEE, in such company or compenies es tt~e MORTGAGEE may direch and all fire and w~ndsrorm ins~ronce polic~~~s on any of sa~d build~ngi, any intere~t therein or part thereof, in the aggregete sum afo~esaid or in extesa thereof, shall contain the usual standard mor~g,:gee clause or such other clause es the Mortyagee mey requ~re, makinq Ihe loss undar sa~d poli~ cies, each end every, peyable to sa~d MURTGAGEE as ns ~nrerasr may appear, and eech and every such poi~cy shall be promotly ass gned and delivered to •~y held by said MORTGAGEE as further seturiry to seid ~nortgage debt, and, not less than ten (10) days in advance of the expirat~on of each polity, to dr liver ro~aid MORTGAGEE a re~ewal thsreof, together wifh e rece~pt for the premium of auch renewai; and thare ahal! be no fue or windstorm insuronce pleced on any of xaid buiidings, any inttrest therein or part thereof, unle:s in the form and with the loss payable as aforesaid; and in ifie evsnt any sum of money becomea payable under such ~olicy or Rol~cies said MORTvAGEE shall have the opt;on to receive and apply the aame on account of the indzbted- nest secured hereby o~ to pe~mit said MOR7GAGORS to receive and ust it or any part thereof ior oth•,r ~U~~OSQS, Wi~IlOU1 th~•zb; waiv;~,3 0• unp~ir- ing any equ~tr, lien or right under or by virtue of this mor`gage; and in the evertt aaid MOR7GAGORS shall for any reason fail to keep the eaid premises so insured, or fail to deliver promptly eny of said poGcies of insurance to said MORTGAGEE, ur fa~l promptly to pay fully any premi~m thtrnfor or in any respect feil to perform, discharge, execute, effect, complete, comply w~rh end ebide by tnis covenant, or any par4 hereof, said MORTGAGEE may place antl pay for tuch insurance or any pert thereof without waiving or effecting any option, lien, equity, or r;ght under or by virtue of this Morfgage, and the full amount of each and every tuch payment ahall be immediately due and peyable and ahall bear interest from ths date thereof until paid at the tate ot nine per centum per annum and togefher with suth interesr shaii be secured by the lien of this mortgage. 1. To permit, commit or suffer no wasie, impairment or dcter~oration of said pr~perty or any part ihereof. 5. To pay all and singular the costs, tharges and experses, incic;ding a reasonable attorr.ey's fee and costs of abstracis of title, ircurred or paid at any time by said MORTGAGEE, betause or in the event of the fa~lwe on the part of the said MORTGAGbR to duly, promptly and fully perform, discharge. exetute, effect, complete, comply with and ab~de by each and every the stioulations, egreements, canditions, and tovenents of aaid promissory note and th~~ mnrtgege eny or either, and sa~d costs, charges and expenses, each and every, shall be immediately due and payebfe; whether or not there be notice da mand, attempt to co!!ect or suit pend~ng; and rhe full arnouni of each and every such paymero shall bear interest from the date thereof until paid at the rate of nine per centum per ann~or end all said costs, cha~ges and expenses incurred or paid, together with such interesl, :hall bo secured by the lien of tfiil mortya4e. 6. That (a) in the event of any breach of th~s Mortgage or defauit on th~ part of the MORTGAGOR, or (b) in the event any of said suma of money herein referred :o be nor promp~ly and fully pa~d wirhin rh,rty ~3~} days next airer ;fie same severa'ly become due and payable, without demand or notice, or (c) in the event each and every the stiputafions, agreemenrs, cond~rions and covenanta of sa:d promissory note and th~s mortgage any or e~ther are no± ~uly, promptly nnd fully performed, d scharged, executed, effected, completed, complied with and ab~ded by, ihen in eiiher or any such evenT fhe seid ag• gregate sum mentioned in said promissory ncte then remaining unpaid, with interesr accrued, and a~l moneys sewred hereby, shalf become due end pay- able (orthwith, or thereatter, at the opt~on of said h10RTGAGEE, as fully and completely as if all of the s~id suma of money were orlginally atipulated to be pa:d on such d~y, anything in sa.d ;~iem~ssery note or in this ,Mortgage to the contrary notwirhatanding; and thereupon or !hereafter at the option of seid MORTGAGEE, wlrhout not~ce or demand, suit at la~v or in eq~~:~, therefore or theread~er beyun, may be prosecuted ss if all moneya secured hareby had mat~red pnor to ~ts institutlon. 7. That in the even± tha+ at the beginning of or at any time pending any sui! upo~ rhis Mortgage, or to foredose i!, or to reform it, ar to enforce p~yment of any claims hereunder, sa~d MORTGAGEE sha:f apply to the Court havir,g jurisdlction ihereof for the appointment of a Receiver, such Court shall forthwith appoint a receiver of sai~ mortgaged property aIl and sing~lar, incl~d ng a~l ar,d singutar the income, profrts, issues a~d reve~ues from whatever wurce derived, each end every of whlch, ~i being express:y understood, is hereby mortga,ed as if spec:fical;y set forth and deicribed in the grenring and habzndum ciauses hereof, and such Receiver shali have afl the bread and effective f~nct~ons and powers in anywise entrusted by a Court to e Receiver, and •uch appointment aha~l be made by such Courr as an admi~red equity and a matter ef absolute r~gM ro sa~d MORTGAGEE, and without reference to the adequacy or inadequacy oi the value of the property mortgaged or to fhe so'vency or insolvency ef sa~d MORTGAGOR or the defendanta, and rhat svch renry, profits, income, issues and rever.ues shali be appiied by such Receiver accord~ng to the lien or rGuity of said MORiGAGEE nnd the prattice of euch Court. ' 9. To duly, prompt!y and fuliy perform, discharge, exewte, effecr, cornpfete, comply with and abide by each and every the stipulations, ag~eements, conditions and covenanrs in sa:d promissory r.ote and ih~s mortgage set forrh. 9. That in the event the ownersh~p of the mortgaged prem~ses, er any part thereof, becomes vested in a perion other than the MORTGAGOR, the MOR7GAGEE, its successors and assigns, may, without noti<e to the MO~iTGAOR, deal wlrh such wccessor or wccessor in interest with referente to this mortgage ar.d the debi hereby secured in the same manner as wi~h ;J~ortgago~ wlrhout in any way vit~ating or dncharging the Mortgagors' liability here- under or upon the dzbt hereby secured. No sale of the Fremises hereby mortgaged and no farbearance on tFe part of the MORTGAGEE or its suctessors Or assigns and no extension of the time for tha payrr,ent of the dcbt hereby secured given by the MORTGAG:E or its successors cr assigns, ahali operate ro release, d~scharge, modify change or affecr the orig~nai Iiab~V~ty of the M,ORTGAGOR here~n, either in whole or in part. 10. It is speuficaily agreed that time is of the essence of rh~s contract and that no waiver of any c~bifgation hereunder or of the obligation se- c~red hereby shal; ai any time thereafter be he!d to be a wa~ve~ of the terms hereof or of the insirument secured herby. 11. In add.tie~ !o tne forey^o'ng ~nonth!y payrt~^nts of p~i:~.c pal and ~nterest requ:red bv the prom ssory no!e s^cured hereby, mortgagor ~ovenant~ and agrees ro pay te m~rrgagee w~rP, eacf; r.~on~h y pa,~,,e:±r an a;;d~rlcnal sum esr:n ared by morrgagee ta be eyual to 1; 12 cf the annual cost of the follow- ing: A-Ail reai property taxes le~r.;;d er d55f55_U ~a;i••st il•e ~cove descr~~ed real esra!e. 8-Pr~miu~r.s en fire and wlr.dsto-rn insur,.rca as i,e:e~n ~eq~:red to 6e cairied ai the 'm;:roveme~!s situate on th~ above dzsaibed premises. C-Premiur.-s on <_uch mortg~ge guaranty ~rs~ra~::.~ as mortgag=e sha~l frc~n f ine to time deem flt to carry on the loan s_cured hereby. Mortgagee sna'i ~rcm rirne to r~a e nc?~f; mcrr.;ag~~ r wr~t;ng of the arrou~t d~e and payabie hereundar and such wrr~ shail ihereupon be d~e and payab!e on the due da±e of ih~ next monthl; , ay~nenr a~~.d e~ch s~:c~:ssive m~n!h t~ereaft~r ur.til mcrtgagee sha!I notlfy mortgagor of a change in such amounL 5uch surns sF.a:i be app:ied 'uy mortgag.~e tonard the pay«~ent of real property taxes, insurance prem~ums, and mortgage guaranty ins~rar.ce premiums. IN VJil'NE55 'J+HEREOF, the sa~d MORTGAGCR has Fere:~~to set h~s hand and sea! th? day and first resaid. ' ned ealed ag~ deliver in th presenc~ of: / / r~ i~~-1 (Seel) ($eel} - - --(Seap _ _ - {5eal) 57ATE Or" fLORIDA ~ 55. . COUNTY OF St'iL Lucie i ! Before me personaliy appeared _ e~O~iTl ~QQre ,r and ~ _ Anr, Ci . 1'''TOOT'~ his wife, to me well known and known to me to be the individuels descrioed in and who executed th? foregoing instrume~t, and acknowledged before me that they exec~ted the sarne for the purposes therein express?d. And the said____-_ Ann C+ , Moore _ wife of thr .a~a John ~OOT'~ upon a separate and private examinat~on by me taken separate and apart from her said h~ and, acknowledged ta and before me that she exetuted said instr~ment freely and volun- tarily and w~thout any compvlsien, constraint, apprehens:on~fear of or trom her said husoand. WITNESS my ha~~d and official seal this____.L- day cf NOV~~f~BI' , A. D. 19 , i J - ~ Notary P~biic in ar.d for the State of Florida at l.arge ~ ~ My ~cmmission expirea: Return TQ: Pirst Federal Savings 8 Lc+an As ~~•~p ~~COftDE K Notary Puh!ic. Stat^ J{ F~Or1d3 Zt ~8rge ~f Fo,~ PE,~~ ~f~~ICl~I-~Ce~---==oo ~u+~~ c~~n~~..::.~ 3. t~b9 FOri Pierce, floric~~ ~ E.-.d~:d 6i Ar~.e•,:3,~ ir~ S Ca:~,.i,y Co. ~ , ~ ~ ~1 . 4 ~ . t65 ~.,~~1 ? a P~ ~ « , , , ~ . . ~ RK . . - ~p:,~ U`~i` ~C~Uf~iY. : ~ _ ' . ~ . . S~f • ~~RID~ - ~ - r . . . B~OOK ~ ~ ~ . ~v~ I~ ~ir¦~.~.~ _