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Home My WebLink About0563 3. To plece and tontinuously keep on the b~i'd~ngs now or hertafter situate on said land and on a!I equipmertt encl peraonelly cove~ed by lhii mortg• sge, with ell premi~ms tfiereon pa~d in full, f'ue insvrence rne usua~ s'andard poticy form, in a sum approved by fhe MORIGAGEE, ~~d w~ndstorm i~surance in the uaual srandard pol!cy form, in a s~~n epproved by ihe MORTGAGEE, in wch ccmpan~~ or companies as the MORTGAGEE may direct; and aH fira and w~ndstcrm ins~ronce potides on any o4 sa~d b~i!dmgs, eny interest therein or part t!~ereof, in the aggregate sum ~fo~esaid or In sxte~• theroof, shall contain the usual standard martg.,gee clause or such other t~ause as rhe Me~tgagae may requ~re, making the loss undar faid poli- cies, each and every, payab~e ro said MORIGAGEE as ~is Ini~•rest may appear, and each and every s~ch po!~:y sF~a~l be promptiy ass gned end delivered ro •ny held by ~aid MORTGAGEE ae f~rther security to sa~d n,ortyage debt, and, not iess than ten (Ip) days in adva~~ce of the expiratlon oi eath polity, 4o de- livet to taid MORTG:.GEE a renewal thereof, together with a rece~pt for the premium of s~ch renewe!; and there shail be no f~ra or windstenr insurance plated on eny of said buildings, any interest iherein or pe~t thereof, un!ess in ihe form and wi!h the loss payab!e as aforesaid; and in the event any sum of money becomes payable under such policy or policies sa~d MORTG~GEE shall have rhe opt~on ro rece~ve and app!y tha sa~ne on acco~nt of the indebted• ness fewred hereby or to permit said MORPGAGdRS to rete~ve and use it or any pa~t the;ro4 for otV~:•r purposes, vr:+nout th~~eu~ wai~ing cr ~mpair• ing any equity, lien or right under or by virtue of thia mo:tyage; and in fhe event ca~d MORTGAGORS shall for any reason fail to keep the said premises so inaured, or fail to d?liver promptly any of said poGclex of insurance to said MORTGAGEE, or fa;! promptly to pay fully any pre~~~ium therefor or in a~y rospect fail to perform, d~scharge, execute, effect, complete, cory,piy with and abide by rhls covenant, or any parr hareof, sa~d MGRivAGEE may place a~~tl pey for such in~uranco or any part thereof without waiving or affecting any option, lien, equ~ty, or r~ght under or by virtue of tfi{s Mortgage, and the fuli •mount of each and every such payment shall be immediately due and payab!e and shall bear interest fiom the date ihereof untit paia at the rate of nine per centum per annum and to~ether with such interesr shaii be sec~red by the lien of this mortgage. 4. To permit, commit or suffer no waste, impairment or deterioration of iaid property or any peri thereof. 5. To pay all and singular the costs, charges end expenses, ~nclud~ng a reasonable attorney'a fe~ and costs of abstracts of t~t!e, ;nturred or paid at any time by said MORTGAGEE, because or in the event of the failure on the p~rt of the said h10RTGAGOR to duly, prom~rly and f~lly perform, d~scharge. exe:ute, effect, tomplete, comply with and ab;de by each and every the sr;pular~ons, agreen,en!s, condlt~ons, and covenanrs of sa~d promissory note and ih~s mortgega any er either, and sa;d costs, charges and expenses, each and every, shall be immed~ateiy dvz and payable; whether or not rhere be notice dz mand, attempt to collecf or suit pend~ng; and the full amount of each and every such payment sha;i bea~ inrerest from the date thereof until paid at the rate of nine per centum per snnum; and all said costs, cF.aryes and enpenses incurred or paid, togzther w~th such interest, shall be secured by the lien ~f thi• mortgage. 6. That (a) in the event of any breach of this Mortgage or defaulr on tha part of the MCRTGAGOR, cr (b) in the event any of sa~d sums of money herein referred to be not promptly and fully paid within tn~rty (30) days nex~ aitcr the same severa"y become due and payable, without demand or notice, or (cl in the event each and every the stipulations, agreernents, cend~fions and covenants of sa:d promi;sory note and thls mortgage any o+ either are na1 ~u~y, promptly and fully performed, d:scharg>d, ex~c~ted, effec!ed, completed, compi~ed with ar.d ab~ded tiy, then in either or any such event the sald eg~ aregate sum mentioned in said promissory note then remaining unpald, with interest accr~ed, and a~i moneys aecured hereby, shall become due end pay able fonhwith, o~ thereafter, at the opticn of said MORTGAGEE, a5 fully and compietely as if all of rh~ safd sums of moaey were orginally st~pulated fo Fie pai~ on such day, anything in said pro:nissery note c: ~n this Mortgage to Ihe contraiy not•,viths+anding; and thereupon er thereafter at the opt~on of seid MORTGAGEE, withaut nor~ce or d~mand, suit at law or in eyuity, th~refore or thereafter beg~n, may be prosecuted as if a!I moneys secured hereby had matured pr~or to its institution. 7. That in the event that at the beginning of or at any time pending any wit upon th;s Mortgage, or to forec!ose it, or to reform it, or to enForce peymem of any tlaims hereunder, said h10RT~AGEE shaii apply to the Courf F.aving j~risd![tion tF.ereof for the appo~ntment of a Receiver, such Court shall Forthwith appoiN d recei~~er oF sai~ mortgaged property all and singu!ar, incl~d,ng ail and singuiar ihe ir.come, profits, issues and revenues from whatever touice der~ved, each and every of wh~ch, it being express`y ~ndersrood, is herrcy rr,errga,ed as if speuf~cal(y set forth and de:cribed in the groming and habendum dzuaei hereof, and such Receiver shail have ail the broad and effect~ve funct ons ar.d pe„Le:s in anywise entrusted by a Court to a Receiver, ar~d ~uch appointment shall be made by s~ch Court as an admitted equity and a n:atter of absolute right to said MURIGAGEE, and without refer~nce to ihe edequacy or inadequacy of the val~e of the propeuy mortgaged or to rhe so,vency or in>oi.-ency ef sa~d MORiGAGOR or rhe defendar.ts, and that s~ch renta, profits, income, iss~es ar.d rever.ues shali be app~ied 6y such Receiver acco;d;ng to the lien or equity uf said h10RiGAGEE and the practice of wch Court. 6. Ta duly, prompt!y and fully perform, discharge, execure, effect, complete, comply w~th and abide by each and ever/ the stipulations, agreem~nts, eonditions nnd eovenants in said promissory note and th s mortgage set forth. 9. That in the event the ownership of the mortgaged prem~ses, or any part thereof, becemes vested in a penon other than the MORTGAGOR, the MORTGRGEE, ita waessers and assigns, may, wirho~t no~ice to the ;b"~ORTGAOR, deai with s~ch auccessor or fuccessor in imerest with reference to this mortgage dnd the debt hereby Setured in the same manner as with ~.1~~•gago~ w~lhaut in any way vitiating or discha~ging ihe Martgagors' liability here• under or upon the debt hereby secured. No sala of the premtses hereby mortgaged ard no forbearan~e on the part cF the MORT~AGEE or ita wccessors or assigns and no extension of the time for the payment of the debt her,•by sewred yiven by ~he MORTGAGEE or its s~ccessora or asaions, shall operate to re!ease, d!sc~arge, modify char~e o~ effect the e~iglnal i~~u!liry ef th> M.QRTGAGOP, here~n, eith~. in whoie or in pa~t. 1Q. It is spec~fically agreed thar time is of the esser,ce ci th~s contrac~ and that no waiver o! any obligat~on herecnder er of th~ obligation se- eured hereby shell at any time thereafter be he!d to be a~v~~ver of the terms F~ereof or of ?he insrrument secu~ed herby. 11. In add,t:o~ ro the !crege ng ~ronthly payn•:cn!s o2 ;:rinc pa' ard inr_;ezt req~ red b~ ~he prom:s5ory no~e secu~ed herb~, mortgagor eovenants and agree5 to pay to rt:o-tgagee v.~!h ea,h menth y pa;r.,er,t an ada,r~onai s~~m es' ~ ared b; mo~rciagee to be equal ro i, 12 of th~~ ~nnual cest of tha foliow- ing: A-All real properiy taxas levicd or a5sessed ag~i ~s! thc ai:~vc descr~bs:d real es+_~e. B-Premiums on fire ar.d windstorm insur~rcc as i~erc~n r qv:red to be car:ied cn ih~ !~~;,rove~netts s~'va'e on ih~ above d_scribed premises. C-Premiums on such mortgage guaranty ir,s~rarce as ~ro~tgagee sha!I freer r~~ to ti~^e deem fit to carty on the loan set~red hereby. Mo~tgagee shail from tim= to t~rt,e norifr mcrty;g~r ~r ,r ~~tlrg of tne a~o:~t d~c and p~yabte hereunder and such sv~T~ sha!i thareupon be due and Fayable on the due datc of the next month'y p~: r=nt ar,d e~:cn suco;ss ve .~~,o•~.rh th•~~eafr,~ un~i~ mcrtgagee sha!I r,ot;fy mortga~or ot a cha7ge in wch amount. S~ch s~ms shali be app!ied by mortgay.~e to,vard thc p~yn•.ent of real property taxes, insvrance prem,ums, a~d n~ortgage guaranty ins~rar,ce premiums. IN WITNESS 'NHEREOF, the said ~ORTGAGCR has h•~re~~to se! h~s hs~,d and sc~l the d.~y and year first ~cresaid. ~~'Sig~ed, Se .d and_d~LiO;re in the presence of: ( ~ 7~ ~ J ~~'?Z.~t ? - ~ Kk +µ*'1 _ (Seel) c t --r- ~ _ - _ (5eal) ~ - --(Seel) ISaaq STATE C~F F{pRlDA S~. IrUC~E: ! COUNTY OF _ ! Befare me personally appeared R Q 9 8 h_ ~8 ~11Gr Se[3 i Wl C3 ~L1 ~ an~ ~ Fves~.~rife, to me we!1 kncwn and kno~,•n 9o me to be the individualydescribed in ard who exec~ted the foregoing instrument, and acknowledged before me that 9he~ executed the same for the purFoses ~herein expressed. A~r+ef~ The ~eM__~~_.~ _ _ we~wi.tJ~~-r~id _ eperrrxp~nrte~end~}xivewe ew+a~'sn-by-twe-laken-~seperet~ er~d ~per! ~rvr.r her eeid-hosbaT+~- eciet~vriedged ~rars~ b~fr~rt°Tne-theY~a»czecerted-sei~ irirrrvmeret itieFy-en~i-vob:r t~riiy-aw~.vlfhavr erry ~eo*r+pv~s4on, ~tcrosfra;nr; a!~pret+!~31an-a,r/feer°af ~rfivm~firrgat~'4tesband. ~ GC ~ W17NES5 my hand a~d official seal this__~____~_~! day of___ NOY@~_~'et__ , A. D. 19_~ ~ ~ __~L~c:~~-~~~~~:!!c~ t~t.+~.: - Notary Pub!i in and for the S!ate of Fiorida at Large My Commi¢s~on exp~res: ..R.~m ~o: PF~pRDED F:rst Fst~eral Savin~s~'6.LoEn Asso;iat:or ~i~.Ea nNG~ ~~avOK NOt~ry Puh"!' gt:!~ oi?'EOr'~ir. rtlp'~'9 ~ , Of Fo,; P~ro:. . , ;~iA ~ "Ay COm~;f .s'on ~a~.r::ti ~.ug. 6, 1957 ` ~wti tSanUed ~y .=.r,;r,~an ~::r~~y ,.o. at Y. _ fort Pierc~,. ilar~d~ L~~ ' ~ ~ t 1'~ ~ s ~ O . . . . '65 2 1~t~;~"'.~.. ~ ~ _ - : . . ~ ~ . . . . , ~r RK _ . . . ~~~T.`~i ~,~C;~I`GJU" TY. _ . , _ . FLORI~A - , . . . . 80~~ J`J ( . II ~ ~ '•-rw ' • - - . . ' ~