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Home My WebLink About0346 3. To place and cantinuously kzep on tke bu~'dinga now or hereaFter f~tiete on sa~d land and on all eq~ipmenl and personelly covered by this mortg- aye, with all p~emium5 thereon paid in f~ll, fire insurance ~n the ~s~:al s~and~rd policy form, in • sum ay;~r~~ed by the MORiGAGEE, and windstorm insurance in ihe uwal standard pol~cy form, in a Sum approved by the MORTGAGfE, in such tornpany or tompa~ies a• the MORTGAGEE may direc~; end all fire and wlndstorm insurance pol~cles on any of sa~d buildings, any interest there~n or part thareof, in the aggregate •um aforesaid or in exte~• thereof, shall contain the usual standard mortgagce ciause or such other cl~~roe as rhe Mortgagee may requ~re, making ~he toss under sa~d pofi- cies, each end every, payable tn said MORTGAGEE ox ~t: iMCrest may appear, and each and every s~ch po!~cy shall be aromptly aas gned a~d de~ivered to •ny held by aaid MORfGAGEE as further fecurity ro sa~d morrgaye debt, and, not less than te~~ ;10) deys in adYance of the expiratior of each policy, to dr liver to said MORTGAGEE a renewal thereof, toqether with a receipt for the premium of such ~enewal; and ihere shafl be no f~re or windxtorm insuronce pleced on eny oi said b~ild~ngs, any interest therein or part thaieof, vnless in the form and wi~h rhe loss payable as aforesaid; and in the event any turn of money becomes payabfe under such policy or pol~cies said MORTGAGEE ahall have rhe ~p!~o„ to ~eceive and apply the same on accounr of the indebted- ness secured hereby or to permit sa~d MORTGAGORS to receive and use it or any parr the~eoi for o~nc~ purposes, w~~ho~t ~ha~~or w~~~~~~3 ~r u„pai~- i~g any ~quity, lien or right undar or by virtue of this mo:tgage; and in the event aaid MORTGAGOkb sha~l for any reason fail to keep the said premises so inauted, or fail to deliver promptly any of said pol~cies of insurance to said MORTGAGEE, or fa~! p:omptly to pay fully any premium therefor or in any reapect fail to perform, discharge, exewte, efiett, compiete, comply with and ab~de by this ~nvenant, or any part hcreef, said MORTGAGEE may place and pay for s~ch inaurance or any part thereof wilhout waiving or affecting any option, lien, equity, or r~ght under or by virtue of this Mortgage, and the full amount of each and every auch payment shall be immediately due and payable end shail bear ir.te~est from the date thereof um~l puid at the rate of nine per cent~m per annum and together with wch interest shaii be secured by the lien of th+s mortgage. 1. Fo permit, commit or suffer no waste, impairment or deterioratien of said property or any ~art thereof. 5. To pay all and singu!ar the costs, charges and expenses, induding a reasonable aitorney's fee and costs of abstracts of titie, incurred or pald at any time by ~aid MORTGAGEE, because or in the event of the failure on the part of thc said MC~R~GAGOR to duly, promptty and fully perform, discharge. execute, effect, complete, comply with and ab:de by each and every the stipulatrons, agreements, conJitions, and covenants of safd promissory note and th~i mortgage any or eirher, and saie~ costs, cherges and expenses, each and every, sha~i be immediateiy d~e and payable; whether or not there be notice da mand, attempt to cellect or suit pend~ng; and tha full amount of each and every such payment sha~; bra~ intzrest from the date thereof until paid at the rate cf nine per cent~m per ann~m; and al~ said cos's, charges and expenses incurred or paid, together w~th suth intereN, •hall be secured by the li~n of thh mortgage. 6. That (a) in the event of any breach of this Mortgage or default on thr part of the MORiGAGOR, or (b) in the eve~t any of sa~d aum~ of money herein referred to be not prompriy and fully paic~ withir th.rry (30) days next artcr the same :eve~a'i•; become dve and payable, without demand or notice, or (c] in the event each and every the stiputations, agreements, co~dlt~ons and covenants of sa d prom~ssory note and th:s mortgage any or either are not ~uly, promptly end fully performed, d~scharged, executed, effected, completed, compl~ed .vith and ab~ded 5y, then in either or any such event the •aid ag• gregate sum mentioned in said promissory note then remaining unpaid, with intere:,t accrued, ard an moneys secured hereby, shall become due bnd pay sble forthwith, or thereafter, at the opt~on of sald MORTGAGEE, as tuily and comp~etely as ii ali of the said svmt of money were originally st~pulated to be pa~d on such day, anything in sa,d prom~ssory note or in this Mortgage to the contrary notwlrhatanding; and thereupon or thereafter at the opt;on of s~id MORTGAGEE, withcut norice or dernand, suit at law or in equity, therefo~e or thereaiter ~egun, may be prosecuted as if a!I moneys aecured hereby had matured pnor to ~ts instrtution. 7. That in the event thar at the beginnfng of or at any time pending any su~! upon th~s Mort3age, or to foreclose it, ar to reform it, or to enforce payment of any ciaims hereunder, aaid MORTGAGEE shaff apply to the ~ourt having jurisd:ctien thereoi for the appo~ntmeni of e Receiver, such C:ourt shali forthwith appoint a rece+ver of sai~ mortgaged property all and s~ng~lar, inciu~ ng ail and sl~,g~;or the income, profits, issues ar,d revenves from whatever source derived, eath a.~d every of which, ir being expresry unders'cod, is hereby mortgaged :r if spec~fically set forth and described in the granting and haber,dum clauses hereof, and such Receiver sh~il have ail the broad and effecfve funct~ons and poVvers in anywise emrusted by a Court to a Receiver, and tuch appointment shalt be mac{e by wch Co~rt as an admitred eq~ity and a matter of absoiute right to st[o MORTGAGEE, end without reference to the adequacy or inadeq~acy of the vai~e of the property morrgaged or to the so,vency or ~nso!vency of sa~d MORTGAGOR ar the defendants, and that such rents, profits, income, issues and re~er.~es shall be applied by s~~ch Receiver accord~ng to the lien or equity of sa~d MORTGAGEE and the practice of such Court. 8. To dufy, promptly and fully perforrr,, d;scharge, execute, effect, corr;plere, cornpiy with and abide by each end every the s!ipulations, agreenrems, conditions and covenants in sa~d promiss~ry note and this mortgage set forth. 9. That in the event the ownership cf the mortgaged prem~ses, or any part thereof, becomes vested in a peraon other than the MORTi'iAGOR, the MOR7GAGEE, its successors and ass~gns, may, without notice to tf:e A^,ORTGAUR, deal w~th svch s~ccessor or wccessor in interrst with reference to this mo~fyage and tha d~bt hereby secured in the same manner as w~th "r.ortyagor wi!hout in any way viiiating or d~scharging the Mortgagor3' liability here- under or upon the debt here~y sec~r~d. No sa!e of the ~:re~nlses hereby mo~tgaged and no forbearance on the part of the MORTGAGEE or i!s suctessors or assiqns and r.o extension of rhe time for rhe paymenr of the debt h~~eby sec~~ed given by the ~AORiGAGEE or itt a~ccessors er ass~gns, ~hall operate to rel2ase, discharge, modi!y change or zffect the originai liab:iity of the MORTGAGOR herein, either in whole or in part. 10. It is spec~ficaily agreed that time is of the essence of this contracr and that no waiver of any obltgat;on hereunder or of the obligation se- eured hereby shall at any time thereafter be heid te bz a waiver of ih~ terms hereof or of ~he instwment sec~red herby. 1 l. In add,rio:~ ro rhe fnrego:ng rnonth!y pa~m,n~z of ;:~~~,c pat and ~nreresr reqv~red 'cy rhe prom sscry no!e s~cured hereby, mortga~or eovenants and agrees to pay to mortgagee ~sith each ~~:on?hiy p.3y~.~,er,t ar. dU:1 :ipndl Sum es'I.^ a!ed b~ mer~yjgaa tr, be equal to 1, 12 oi t'~a annua; cost of the foliow- ing: A-All real Froperty taxas levied or assessed dy^•?1'151 tii•= above descr~~;ed real es!are. 8~-Premiums on fire ar.d windstorm insuracce a; ne,-e~n requ;~^d to be carricd en the ;m~roverr~e~ts sit~~ate cn iha above d_sc~ibed ptemis?s. C-Premi~ms on svch mortg:;ge guaran!y ir.svrarce as incrtgagee shall fro~T t me tu t:me deem fit to carry on ihe laan secured hereby. Mortgagee sh~il from time tc time notify mor~c;~gcr In v:ri;~ng of tF~e amo:;nt due ard payab'e h?reunder and sucn sv~~ shail rhere~pon bz due and payable on the due da!e of thz next monthly p3yment a~•d e_ch successi.•~ r.~,onrh rnereaft~r ur!i{ mort~agee shaL' notify mortgagor of a char.ge in wch emount. Svch sums sha'J L-a appiied by mortqaree to::ard the paqnem of real property taxes, insurante prem,ums, and mortgage guaranty insurence premiums. IN WITNESS ~EReOF, the said MORTGAGCR has here~nro set nis hacd ard seal the day and year first aforesaid. _ 5igned, Seel an ~i ~ ed ' reserce of: ' , ~LC'.L~ .~~~,,.._I lJ~.. J~"%~~"~ ~ .~~-t'~ (5eel) i i` ~ 1 ~ ~ L ~ (See!) i ~ -~~1 G ~ ~ ~~~~t~.'?Z. ~1~/Lt~-f-~ ~ . (Seaq STATE OF FLORIDA t COUNTY OF S"t . Lu c i e i 55. Before me personally appeared _ ~ 1 1 Z i e Br0 a ane 8 X _ and __~9 8 18 W i 11 i sms Bro~ dn e a x W n~s wife, to me welt kncwn and known to me to be the individuals described in and who exrcuted the foregoing instrument, and ackn~wiedged before me that they executed the same for the purposes therein expressed. And the said_ B8 9 9 ~ 8 ~d i 11 i am9 Bro a dne ~ a~ _ wife of the said - ~.i~ Bx'4adne8x , ~pon a separate and pr~vate examfnation by me taken separate and apart from her said husband, acknowledged to and before me thaf she executed said instrument freely and vol~n- tarily and without any compulsion, constraint, apprehension, or fear of o~ from ner said husbend. WITNE55 my hand and o#ficial seal ih~s___-_ ~~th day of NOV b~r A. D. 19 G ~ ~ ~r'~ , Notary Pubiic in and for the State ~f P{oride a~,katya~~~~ ' Gj" My Ccrr+mission expires: Sj ~ Return To: ~ - Firtt Fcderal Saving~ S loan ~sociati~n~ ~ t: ~ ~ F ~ ~ ~ ` ' , . Of fort Pierce. ~ ~~Q~Q ~ ~J K ~ ~ ~ , . Fort. P~qrce:~FlDrida ~ h0':i'1' . ! lt~,~;~ _ v~ /S` ~ ~ - . ' , hiY C . ~ ~ . , 1~~3 r ~a': i . 'i• aar:..cc «.r,,.,...~ . ~._.~~:r.~esx ~ s ' , ~ ~ - ~i /4i'1 • ' . ~ \i,.., . t.a~. +'.r ~ ( ~t i ' . ~ - ~ . ~a~?',.~.~'~ ' ' ( ; t-_ ' ~ . - t\ ~ . . . - ~.T ; , = r~ •J~; i 'f. _ ~ . . ~ , ~ • F~Or~.iGN . P 131 340 BOOK . r~~Q•/