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Home My WebLink About0925 3. To place and cominuously keep on thr b~i'd;ngs now or hei~after sirt~ate en sa:d land ard c:^ a'I equ~pment er,d personal~y cove~ed by ihis mortg~ age, w~th ell prem~urm thereon pa.d in full, fue insurance ~n the us~ai siandard wllcy form, in a s.:^~ aYproved bY 1~e MORiG:+GEE, and wfndstorm insvran[e in Ihe usual ftanda~d po!.cy fe~m, in a sum approved by the MORTGAGEE, in Such ccmpany or compan:es as the NIORTGAGEE may direci; and all fire and winditorm insvrance poi~c~es on any of aaid bui~d~~gs, any interest there~n or part thereof, in the agg~egate sum eforesa~d or In excess thereof, shall cont~in ihe usual standard mortgagee clause or such other c~a~se as the Mortgagee may require, mal~ing the ioas ~ndrr sa~d po!i- c~es, each and cvery, payab!e to said MORTGO.GEE as ~ts inierest n,ay appear, and each and every wch po~.~cy shail be promptly ass gned and de~i.-ered io any held by seid MORTGAG~E as funher security to said mortgage debt, and, not less than ten (10) days in ad~ance of rhe expirat~on of each po!~cy, to de• Irver ro sa~d MORTGAGEE a renewal thereof, togerher with a rece~pt for the prem;um of wch renewal; and shere shall be no fire or w:ndsto~m ~nwrance placed on any of said buildings, any interest therefn or pert ihereof, un!ess in the form'and wi~h the lost payab'e as aforesaid; and in tne event a~y s~m of money b~comas payable under s~ch policy or polic;es seid MORTGAGEE sha;l have rhe opt+on ro rece~ve and apply the same on account o~ the indeb~ed~ nass secvred hereby o~ lo pem~~~ said MORTGAGORS to receive and use it or any pari thereof to~ o~h~~r purp~ese.. ~v:thout fh~~cc:: .v~~~~.~~ or ~:~r- ing any equity, lien or r.ght under or by virtue of this mor`gage; anc~ in tFie event ea:d MORTGAGORS shall for any reason fail to keep the said arem~se~ so insured, or fail to deliver prompt(y any of said poi~cies of insuronce to sa:d MORIGAGEE, or fa~l premptly to pay fuily any pre~n,~m therefor or in any respect fail to perform, discharge, exewre, effec~, complete, comply wirh end ab~de by rhls covenant, or any part heieof, sa~d MGRTGAGEE may piac~ a~~d pay for such insurence or eny pnrt thereof withaut walving or affecting any optiOn, lien, eqwty, or r~gh1 undet or by virtue of this Mortgage, and the f~ll amo~nt of each and every wch payment shall be immediately due and payable and shail bear interes~ from the date thereof until paid a~ the rate o1 nine per cent~m per annum and together with such interest shaii be se;ured by the lien of this mortgage. 4. To permit, commit or s~ffer no wasre, impairment or de!erioration of said property or any part thereof. 5. To pey all and singular the ~costs, charges and expenses, ~rd~tling a reasonable attorney's fee and cosrs of abstracts of title, incurred or paid at eny time by said MORTGAG~E, because or in ihe eveM of the failure en the part of the said MORTGAGOR to duly, promptly and fuily perfonn, d~scharge. exec~re, effect, complete, comply w~th ar,d ab;de by each and every the st'rpu!at~ons, agreemems, cend~tions, and covenants of sa~d pramissory note ar.d th~s mortgage ar.y or rither, ar.d sa!d costx, charges and experxes, each and every, shail be immediately dve and payable; whether er not there be nor~ce d~ ma~d, attempt to to!lect or suit pending; and the full amount of each and every such paymeM shall bear interest from the date thereof ~nti! prid at ti+e rate o! nine per centum per annum; and all said costs, ch~~ges and expenses incurred or paid, together wrth such interest, shali be secured by the lien of tha mortgage. O. That (a) in the event of any breach of this Mortgage or defautt on the part of the MORTGAGOR, or (b) in the event any of sa:d sums of money herein referred to be not promptly and fully paid wirh~~ th,rty (30) days next after the same severa!!y become due and payable, w;thout demand o~ not~ce, or (c) in the even~ each and every the stipulations, agreemer,rs, cond~tions and covenants of sa d prom;ssory note and th~s mortgage any or either are not ~uly, promptly ar.d fully performed, d.scharged, exec~ted, effected, completed, compiled w~th end ablded 5y, then in erther or any such event the sa~d ag- gregate sum mentioned in said promissory note then re~maining unpaid, with interesr a<crued, and a:l moneys sec~red hereby, shali become due and pay- able fortl~wirh, or thereafter, at the optlon of said MORTGAGEE, a: f~ily and compie~ely a: ~f all of the sa~d svms of money were originally st~p~leted ro be paid on such day, anything in sa d prom~ssory note or in this Mcrtgage ro the comrary notwirhsfand~,ng; and thereupen or thereafter at rhe opt~on of saia MORiGAGEE, without no~~te or demand, s~it at law or in equity, therefore or thereaher beyvn, rnay be prosec:.ited as if all maneys sacvred hereby ha~ matured pr~or to its institution. 7. That in tha event that at ~he beginning of or at any time pending any sult upo~ thls Mortgage, or to fored :se it, or !o reform ir, or to enforce payment of any claims here~~nder, said MORTGAvEE shail apply to the Court having ~ur.sd.ct!on ;hereof fer ihe appointment eF a Re_eiver, wch Court sha'~I forttiwith appoint a receiver of sa~d mortgagad property all and singulat, inciud,ng a~l and s~ng•~I~r the inceme, prof~ts, issves and revenues from whatever source denved, each end every of wh:ch, it being expressly ~nders~ood, is hereby mortgaged as ~f spec~ficalty set forth and described in the g~an~in~ and habendum dauses hereof, and s~ch Receiver sha!I have a!I the broad and effecrive funcr,ons and powers in anywis? enlrvsted by a Couif to a Receiver, nnd s~-ch appointment shail be made by such Co~~t as an ad-„~rred eq~ity and a ma!ter of c~~so:~te r,gM to sa~d MORTGAGEE, and witho~t reference to the adeq~acy or ir,adequacy of the vai~e of the property mortpaged or to the sovency cc ~n~c .ency ot szid MORiGAGOR or the defendants, an~ rtiat such ren~s, profirs, income, issves and rever.ues shail be applied by such Receiver accord ng tu +he Iien or equity of sa~d MORTGAGEE and the practice of such Court. 8. T~ duly, prompt:y and f~l!y perform, disch3rge, execute, e`(ect, comp!ete, compiy w~rh ar.d abid~- by each and every the st~puiatiors, agreements, conditions and covenants In said promissory note and ih~s mortgage set forth. 9. That in the event the own=rship of the mortgaged premises, or any part the;eof, becomes ves~ed in a person other than the MORTGAGOR. the MORTGAGEE, it; successors and asslgns, may, wiiho~t notice to rhe MORTGAOR, dea! with such suaessor or successor in interest with rzferer.ce to thls mortgage and the debt hereby secured in the same manner us with Mortgagor w~thous in any way vit~ating or d scharying the Mortgagors liabiiity he~e- under or upon the debt hereby sec~~ed. No sale of the premises hereby mortgaged and no forbearance on ihe part ef the MORTGAGEE c~ its s~.cessors or assigns and no extersion of the time for the paymer.t of the debt heie6y secured given by the MORTGAGEE o~ its successor~ or ass:gns, ai:all operate to release, discharge, modify charge ar aftect the orig~nai liab:i~ty of the MORTGP.GOR here~n, either in whoie or in part. 10. It is specifically agreed that time is of the essence of ihis contract and that no waiver of any obligation here~nder ar of the obligation se- c~red hereby shell at any time thereafter be he!d ro be a waiver of the terms hereof or of the ins~rument secured herby. _ _mcw:h! and agree , o mortgagee with each month:y payroe~~t an add~ricnal s~m est:mared by mortgagee to be equai to 1 12 of the annu ' s+vf'FFe follo..-- ing: A-Alt rea! propeity taxes lev~ed or assesse he above d?5uibed real estate. ~JJ 8-Premiums on fire and wir,dsro~m ins~rarce as here~n rcqu;re o~ the ~.^~proveme~ts sltuate on the above descr~bed premises. C-Premiums on such n,ortg.=,ge g~~arant i^ ~mo~tgagee shali frem t me to ~ ~r to carr~ on the Ioan sccured hereby. Mortgagee shall fror~+~t~Te notify mortgagc~ ~n wr;ting of the ar,ou~t d~e and oayahle hereun er a shail thereupon be due and rayab!e e ate of the next month.y cayrrenr and each successive n,o~th !F.ereaft_r ~r:til mcrtgagee shali roi~fy mortgag an e in wch or~:~5«i'.o a~,{,!~~,~ ' premiums. !N VJITIJESS 'JJ -OF, the sa;d MORTGAGOR has h?re~~^to se! his hand and seal the dzy aqd' year f; t forasa;d. ~ ~ Signed„ Seai ard eli er in ihe presence of: I ~ ~ ~ G L , ea!1 / _ - ~ ~ ..l2td~ ~ ~n ~G~~Ct L~rSeal) - (Seal? ~ fSeal) STATE OF FLORIDA ~ St. Lucie ~ COUNTY OF - ~ Before m? persona!ly appeared Robert ln` . Sehwerer' an~ _ S9T'8rl M._ S~'~"iW r.r _ _ h~s wife, to me wel! known and known to me to 6- the individuels descrlbed in and wFo execu~ed the foregoing instrument, ar.d acknow'edge:! before me that they executed the same tor the purposes there~n expressed. And the said S 8 PL~': M. S ehwe re r wife ot the said ~~._.~bQ~T't w. Schwerer upon a separate an, private examlratlon by me taken sepa~a're and apart from her sa~d hvsband, acknowiedged to and before rne that she ezecuted said insrrvment free~y and volun- tar~ly and w~thout any compulsion, constraint, apprehens~on, or fear of or frcm her aaid husband. WITNE55 my hand and oiiic~a~ seal th~s___ 2nd _ aa~ of _ De ember A. D. 14 ----~L - otary Pub!~c in ar.d for the State of Florida at Large M Cemm~:s~on ex iies: _ ~ / Retum To: L~ } r~ ~ C G~ D~'~ Y p ~ ~ v.~ First Fzde:al Savinys 6 loan Associatio~~~77~~~ ~~T~ f~ Qf Forf P c-ce. ` . _ . . : Forr F:erce, F!~r~da ~J • l)~ r,, 1 NOTIIRY P~IBLIC, $IATE.of fLOF(~A at LARGE ~ r~~ ~ ,J . I 3 MY COM!EISSION EXPIR,ES APR. 24, 1°69 ~_`.X ~i`0'~~ij ' ' . • ~ F, ~..~J I . _ .J C i C. L V ~ j`~ ~ i S ~ . . . . . . T Y, 'r ~'LOR{~A . . ; . $gD~ ~3~ 3~9 ~ ~d