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Home My WebLink About1405 3. To placa snd cominuousty keep on thc bui!dings now or hereafte~ aituate en ~a~d Isn~ end on ell equipment rnd personsUy tovered by this mortq- ags, with ~I! premiurris thereon paid in full, fire ~nsura.ue irt the usual stendard policy form, ~n s tum approved by fhe MORTGAGEE, end windstorm insurente in the usual standa~d pot~cy fo:m, in e sum approvad by the MO~"~GAGEE, in ~~th comp~ny or tompanies as the MORTGAGEE may diract; ~nd all fire and w~ndstorm inaurance polic~es on any of said b~;ridinqs, any interest therein or part Phereof, in the eggreg+te wm afor~said w In ~xcess thereof, shall contain tha usual ttendard mortgagee clause or such other tlause at thr Mortyagee may requir~, m~kinq the loaf under said poli- tiq, each snd overy, payab!e to said MORTGAGEE a~ its intereit may •ppaar, end cach end every iuch po!~cy sh~ll be promptty ~s~.gned and delivered to my held by ~aid M~RTGAGEE as further setur.ty to aa~~ mortyage debt, and, net less than ten (10) days in advante of the expirstion of each policy, to do- livtr io ~aid MGRTGAGEE a renewal thereof, together wirh a receipt for the p~emium of ~uth renewal; and there thall be no fire or windsto~m in~ur~nce ~ pl~nd on s~y of sa~d buildings, any interest therein or pari thereaf, uniess in the form'and with the losi payable as aforese~d; snd in tha evrnt any tum of money be<omes payable under •uch policy or policiae seid MORTGAGEE shall have tha option to receiva snd epply the same on account o~ the indebted- neu ~ecvred heroby or fo permit said MORTGAGORS to receive and u~s it or eny part thereof for ethcr purposes, witho~t th_reb~ warv;ng or unpair- ir~y any equity, lien or right under or by virtue of thii mor!qagr; and i~ the event sa~d MORTGAGORS ihall for any rea~on faif fo keep the ~aid premisef so in~ured, or fail to deliver promptiy nny of aa~d policies of insurence to seid MORTGAGEE, or fail promptly to pay fully any premiun therefor or in ~ny rospect feil to peiform, discha~ge, eaetutr, effecl, complate, ~omply with snd abids by this covenant, or any part hereof, said MORTGAGEE may plete and pay for ~uch ins~rence or any part thereof without watviny or affectinq any option, lien, equity, or right v~der or by virtu~ of this Mortyays, and tfic full emount of each and every such payment shall be immedietely due and psyable and shall bear intereat from the date thereof until paid a1 th~ rate oi ~ nine par centum pe~ ennum and together with such interest shall be secured by the lien of ihis martgage. I. To permit, commit u~uifer no wasta, impairment or dNer+orotion of taid property or any part Thereof. ~ 5. Ta pay all and singular the+costs, charges and expenxs, including a reasonable attorney's fee and costs of abstracts of title, incurred or paid at ~ any time by said MORTGAGEE, btcaus! or in the event oF the failure on the part of the said MORTGAGOR to duty, promptly and fully perform, discharge. exec~te, effed, complete, comply with and ebide by each and every !Fe stip~lations, agreements, conditions, and covenents of seid promissory note and thiy mortgage any or eirher, and sa~d coats, charges and expenses, each and every, shell be immediately due and peyable; whether or not there be notite do- mand, attempt to collect or suit pend~ng; and the full amount of each end every such payment ~hall bea~ inrerest from the date thereof until paid et the rate os n~ne per eentum per annum; and all said costs, tharges and expenses i~currcd or paid, together w~th such interest, shell be tetured by the lien of th;i mortflage. 6. That (e) in the event of ar~y breach of this Mortgage or default on the part of the MORTGAGOR, or (b) in thc evcnf eny of sa~d sum~ of money herein referred to be not prompt:y and fully paid within th~rty (30) days next after the same severally become due and payable, without demand or notice. ot (cj in the evenr each and every the stipuletions, agreements, conditions and [ovenants of sa~d promissory note and th~a mortgage any or eirhar are nol ~uly, promptly and fully performed, d~scharged, exec~ted, effected, tompleted, complied wirh and abided by, then in either or any svch event the sald ag• pregate sum mentioned in said promissury note then remaining unpaid, with interest accrued, end all moneys secured hereby, thell become due and pay- + ablt fortliwith, or thereafter, at the opt~on of said MORTGAGEE, as fully and completely as if afl of the said sums of money were originsi~y ttipulated to be pa+d on such day, anything in sa:d promissory note cr in this Mortge~e to rhe contrary notwirFstanding; and Ihereupon or thereafter at the option of se~d MORTGAGEE, without not~ce or demand, suit at law or in equity, therefore or thereafter begun, may be prosecuted as if all moneys securet! hereby had matured prior to its institution. 7. That in the eve~t that at the beginning of or at eny time pending a~y su~t upon thts Mortgage, or to foreclose it, or to reform it, or to enforce payment ot any daims hereunder, said MORTGAGEE shall apply to the Court having jurisd~aior, thereof for the appo~ntment of a Receiver, such Covrt shall Fortfiwith eppoint a receiver of said mortgaged pronerty all and aingular, inclvd~ng aH and s~ngular the income, profits, iswes and revenves irom whatever wurte derived, each and every of wh~ch, it being exF~ressly understood, is hereby mertgaged as if epec~fically set forth and described in the granting and hebendum clauses hereof, and such Receiver shail have all !he broad and effecrive funct~ons and powers in anywise entrusted by a Court to a Receiver, and auch appointment shall 5e made by such Covrt as an admitted equ;ty end e matter of abso!ute r~ght to said ~.?ORTGAGEE, and wirhout reference to the adequaty or inadequacy of the value of the propzrty mertgaged or to the to:vency or insolvency of said MORTGAGOR or the defendants, and that such renta, profits, income, issues and revenuea shall be applied by such Receiver accord~n9 to the lien or equity of •aid A~IORiGAGEE and the practice of such Court. 9. 7o duly, promptly and fully perform, discharge, execute, etfect, complete, comply w~th and abide by each and every the stipulations, agreements, tondition~ and covenants in sa~d promisaory note an~ this mortgage set forth. 9. 7het in the event the ownerahip of the mortgnged premises, or any part theraof, becomes vested in a person other than the MORTGAGOR, ihe MOR7GAGEE, ies suaesson and assigns, may, without notice to the MORTG~+OR, deal with such successcr or successor in interest w~th reference to this mortgage a~d the debt hereby secured in the same manner as with Mortgagor without in any way vir:ating or discharging the Mortg~gore' liability here- under or ur~on the debt hereby secvred. No sale of the premises hereby mortgaged and no forbearance on the part of the MORTGAGEE or its successors or assigna and no extension oi the time for the payment of the debt hereby secured given by the MORTGAGEE or its s~ccesson or assigns, shal! operate ?o release, distharge, modify thange or affe~t the original liability of the MORTGAGOR herein, either in whole or in part. 10. It is speclfically agreed that time is of the essance of this contract snd thet no waiver of any obligetion hereunder or of the obligation so- cLred hereby shall at any time thereafter be held to be a waiver of the terms hereof or of the instrument secured herby. i l l. In add tion to the forego'ng manth!y paym=nts of princ p~l and interest requi~ed by the prom:ssory nore secured 'nereby, mertgagor covenanis and agrees to pay to mor!gagea with each monthiy payment an add~rional sum estimated by mortgagee to be equal to 1,'12 of the anr.ual cesi uf the fallow- , ~ng: A-All real property taxes levied or assessed against the above descri5ed real estate. ~ I g-premiums on fire and w~ndsrorm insurar~e as here~n reqv~red to be carried on the ~mprovements sit~ate on the above d~scribed premises. C-Premiums on 5~ch mortgage guaranty insurante as mortgagee shall from t me to time deem fit to carry on the loan aec~red hereby. Mortgagee shall frcm time to t~me nor~fy mcrrgagor ~n writ~ng af the amovnt d~~e and payabie hereunder and such s~m shall 4here~pon be due and payable on tne d~e date of tne next month!y payment and each svccessive ~r~onth thereafter ~ntil mortaagee sha!I notify mortgagor of a change in such amount. Such sums sha!I be appiied by mortgagee toward the payment of real property taxes, insurance prem;ums, a:~d rr,ortgage guaranty insurance premiums. I WITNESS WHEREOF, the sa~d MOR7GAGOR has hereunto set his hand and seal the day and year first rasaid. ; ~~gned„~Sealed and .¢~livered in the presence of: ~ ~ ~ ~ i+ ?~v ~{Seel) ~ ' ~ - ~~L~'~~i~~L_¢ ~f-~ c' Z.o (Seaq _ ($Cal) ~ (Seel) STATE Of FLORIDA ~ u. COUNTY OF c, r'; r' fi T--~; p 1 _ nnd Before me perwnally ap: 3re ' ' i. " + a r c _ - ~1l ~ i n~ ;~1~~ tnn~: . his wife, to rne well k~own and known to me to be the individuals deacribed in and who execured tne foregoing insirument, end acknowledged before me that they executed the same for the purposes r,_ ~ I 1 P!' F? ~ t'. F' 7' C therein expressed. And the iaid ~ j rf ~ . . . wife of the said ~3 • ~ pT'' u~° =t~pataie a~ priyate examinarion by me taken separate and apart from her sald husband, acknowledged to and before me that ahe executed said :q!h~~~ ~Li~e~e~Fy.~;nd vql~{n- . tarily ar.d withoW any compulsion, constraint, apprehension, or f~r of or from her said husband. . . . Q e r WITNESS my hand and officia! seal this~ :~~1~f~~ day of nf'r'F'Tn}'~''t' ='~'-n l i4.~/1~; , ,,i~ + ~,~~X~ b~F.~.= . .~s~ ~„f,Y' ` ~ ~ ~ ; . Notary P~b~ic in and for the Statesof ?1`id ~t Larpe : j~ C' My Commission expires: ,2 ~ ~ ~ _ ~ - - r~~~ li ` • . ~ieturn To: F)(,~~ Q R E ~y~l(, stit! 0~ F{011di ~t ~ y,^, firtt Pedcral Savings d Loa^ A t, s p F~a T o'~~.~~ ~ R Of fort Plerce. V r ~ C O~_.S 0 ~ K t~Ar C~a:~issi.n Eapires S e~t. 2 3. 1 9 6~'~: • _ i ` ~l _ ` ~I~ h~ Iu~wi.w fir. a .uwMr `~7~ .:i~• Fort Pierce, florida ''i~ ~-^''LG ~iLQ~{.~~ '.1511~~ii' r:~'f.: ' 6 5 q E C ! y P M 2: 57 ~°~~.•;;.?'„~~I Q ~,:ti. A ~ ,~~'`r ~ r , ~ ~:~,;`s.~ R~GE~~i , ')i~~R1.~;~~,C~~R~C ~ . ~ ~ a • P . `~~'~s<;;~ ~T. LUCE~ COUNTY, • " `t3 FLOl41DA . , ~ ; `+y~Y=~ ~ , t - . ~ V li;• i •;~~~C`..:; !i k ~ $~aK133 ~~'9 . , ~