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Home My WebLink About1407 3. To place snd tontinuously keep on the bui'dings now or herceFte! ~~tuate on sa~d land and on all eq~ipment and per~onally covetsd by this mortg- ~pe, with ~tl promiums thereon pa~d ~n fult, fire insurance ~n ehe ~suel sranda~d po~icy lo~m, in a sum approved by the MORTGAGEE, and windttorm insurance in the usual itandard pol;cy form, in a ium approved by rhe MOkTGAGEE, in such compsny or companie~ as th~ MORTGAGEE rney direch •nd all fire snd w~ndstotm inyvrance pol~uet on any of said buitdmgs, eny intere:t thcrein or part thereof, in Ihe aggreqsfe fum •foreuid or in ~xteti rhereof, iha~l tontain the usual standard mo+tgagee tlause or such other clause es ihe Mwtgegee may rcquiro, makiny rhe loss unde~ ~aid }>olr tip, each snd every, payable to said MORTGAGEE es ~ts interest may appsar, and each end every such pol;cy shall be promptty ase:gnsd •nd dslivered to •ny heid by aeid MORiGAGEE ss f~rther security to said mortqage debr, and, not le~s than ten (10) deyi in advance of the expiration of aach policy, to 3e- (iv~r to ?eid MORTGAGEE a renewa! thereof, toqether with a reccipt far the premium of suth renewal; and there shall be no fire or windstorm in~urance plet~d o~ my of s~id buildinge, any intere~t there:n or pert thereot, unteu in rhe form'snd with the loss payable ae aforess~d; and in the event any s~m of money becomes payable under fuc~i policy or poiicies ~aid MORIGAGEE shall hav the option to rateive and apply ihe seme on etco~nt o~ the indebted- nfsf secur~d hereby or to permit said MORTGAGORS to rcteive and use it or any part thereof for other purposes, without th~reb~ waivi~~g o~ empdir ing any equ~ry, lien or right under or by virtue of rh;s mortgage; and in the evant seid MORTGAGflRS ehall for any reason fail to keep the said prem~ies so insured, ot fail to deliver promptly any of said poi;cie~ of insurentt to sa~d MORTGAGEE, or fail promptly to pay fully any prem~um thtrefor or in any n~pect fail to purfocm, d~scharge, exewte, effect, complete, comply wirh and abide by thi~ covenani, or any part hercof, said MOR?GAGEE may place a~d pay for tuch insurence or eny part thereof without walving or affectin9 any option, lien, equiry, or righi under or by virtue of th~s Mortgage, snd the full emount of eech and every such payment shall be immediately due and payablo end shali bear intereat from the date thereof um7! paid a1 ~he rate oi nine per tentum per annum and together with such intere~t shali be secured by the lien of thi~ morrgsga. 4. To permit, commit or suffer no waste, impairment or detarioratian of said property or any part ihereof. 5. To pay all and singular the.costs, charges ar.d expenses, including a reasoneble attorney's fee and coits of abstracts of titie, incurred or paid et eny time by aaid MORTGAGEE, becaust or in the event of the fa~lure on iha part of the said MdRTGAGOR to duly, prompriy and fully perform, ducharge. exewte, effett, complete, comply wnh arsd ab~de by each and every tha stipulations, agreements, conditions, and covenants of seid promis:ory note and th~s . mprtgage any or either, and said costs, charges and experxes, each and every, shall be immediately due and peyable; whether or noi there be noti~c do- mand, sttempt ro co!lect ar suit pending; and the fu11 amount of each and every fuch payment shali bear intereat from the date th~ereof unril paid at the rate of nine per centum per annum; and all said costs, charg. s and expenses ~ncurred or paid, together with such interest, ~hell be aecured by the lien of th~a mortgaye. O. T}581 {aJ in the event of any breach of th~s Mortgage or default on the part of the MORTGAGOR, or (b) in the evenf any of aa~d sums of money herein referred to be not promptty and fully paid within thirty (30) days nax~ afrer the same severally become due and payable, witho~t demand or notice, or (c) in the everlt eath and every the stipulations, agreements, cond~tions and covenents of sa.d promisso:y note and fh+s morigege any or eithtr are no1 ~uly, promptiy and f~lly performeci, d~scharged, exewted, effected, completed, con~N;~ed with and abided 5y, then in either or any s~ch event the said ag~ yreqate sum menrioned in said promisaory note then r~mai~ing unpaid, with interest accrued, and aIl moneys setured hereby, shatt become due and pay eble fortliwirh, or thereafter, at the option o! said MORTGAGEE, as fully and completely as ii all of the said s~ms of money were originally ttipulated to be paid on such day, anything in sa!d promissory ncte or in thia Mortgage tq the contrary notwiihxtanding; and thereupan or theroafter at the option of said MORTGAGEf, wiihout nor~ce or demand, suit at law or in eq~ity, therefore or thereafter begun, may be prosetufed es if all moneys secured hereby had matured pr~or to its instit~~tion. 7, That in rhe event that at the beglnn~ng of or at any time pending any suit upcn this Mortgage, or to foredose it, or to reform it, or to enforce ; payment of any tlaims h¢reunoer, said MORTGAGEE shaH apply to the Court having jurisd~ction thereof for !he appo~nlment of a Re[eiver, such Court shafl FortFiwith appoint a recriver of said mertgaged property ali and singular, inctud~ng all and singular the income, profits, issues and revenues from whatever ' sourte derived, each and every of which, it being expressly unde~stood, is hereby mortgaged as if spec~fi~afly set ferth snd destribed in the ~ronting and habendum clauaes hereof, and such Receiver shall have all the trcad and etfecrive funct~ons and powers in anywise emrus}ed by a Court to a Receiver, and •~ch appointment shall be made by su[h Court as an ad:•;itted equity and a matter of absolute right ro sa;d MORTGAGEE, and without reference to the edeqvacy or inadeq~acy of the vafue oi the prcperry morrgaged or to the so~vency or insolvency af said MURiGAGOR or the defendants, and that such renta, profits, income, issues and revenues shali be applied by such Receiver accordin9 to the lien or eq~ity of said MORTGAGEE nnd the practice af auch COUrt. s 8. To duly, promptfy and futly perform, discharge, execute, effect, complete, comp!y w;rh and abide by each and every ihe sl;puiationa, agreements, ~ conditions and coverants ~n said promissory note and this mortgage set forth. 9. *hat in ihe event the owr,ership of the mortgaged prem;ses, or any pa~t thereof, becomes vested in a person other fhan the MORTGAGOR, the MORTGAGEE, its successors and ass~gns, may, wi~hou~ notice to the MCRTGAOR, deal wrth wch auccessor or :uccessor in interest with reference to th;s mortgage and the debt hereby sec~red in the same manner as with Mortgagor without in any way vitiating or d~scharging ihe Mlortgagors' liabi!ity here- under or upon thr debt hereby secured. No sale of the ~remises hereby mortgaged arsd no forbearan~e en the pa+t of the MORTGAGEE or its s~ccessars or essigns and no exrension ot the time for the payment ot the debr hereby sec~red given by the MORTGAGEE cr its suctessore ~r ass;gns, sliall operata ro reieasa, distharge, modify change or affect the original I~abl!~ty of the MORTGAGOR herei~, either in whole or in part. ` 10. It is specifically agreed that time is of the essence of this contract and that no waiver of any obl~gation hereur.der or ot the obligation se- cY.red hereby shell at any time rhereafrer be held to ~e a waiver of the terms hereof or of the instrvment iecured herby. ~ 1). !n add'.tion !o the foregang monfhly payments of princ'p~1 and inreiest reqoi;ed by the prom'ssery no!e secured hereby, mortgagor covenanis i and agrees to pay to martgagee with each monthiy payrnent an addlrional sum est~mated by mortgagee to be equal to 1;'12 oi the annual cost of tha foliow- ing: ' A-kN rea! properry taxes levied or assessed agai~st ihc above destribed real estate. B-Premiums an fire and windstorm ~nsurarce as here~n requ:red to be carried on the ~mp~oveme:±ts si?uate on the above descr~bed premises. C-Premi~ms on such mortg;ge guaranty insurance as mortgagee shall from Fme to time deem fit to carry on the loan secured hereby. Mortyagee shai( from ttrne to t~me notify mortgagor !n •.vrit~r.g of the amount d~e and payabie hereunder and such surn shal! the~eupon be due and payable on !he due date of ±he next mor,th!y paymenr and each success~ve month thereafter ur,til mortgagee shall not~fy mortqagor of a change in such ij amount. Such sums ~hali be applied by mcrtgagee toward the paymert of real propeny taxes, insurance prem;ums, and mortgage guaranty insuran« pr¢miums. ~ IN VJITNESS `lJHEREOF, the said MdRTGAGOR has hereunto set his hand and sea~ the day and year first aforesaid. 7 Signed, 5ealed and delivered in the presence of: ~~i ~ (Sea l) ~ !Seal) II ~ _...~{Seal) i ..-_(Seaq STATE dF FLORIDA ~ ' St. Lucie I COUNTY Of i Before me personally appeared _ _ end _ C'1 p t 11' C~ ~ F. T$~` Qr his wife, to me well known and known to me to be the ind"rviduals described in and who e.xetuted the fnregoing instrument, ared atknowledoed before me that they executed the same for the purposz~ ~ therein expressed. And the said ~ 1 O~ ~ de F~_~,~g.y 7 or wif~ at lha:'aaid L•~ ay~~ ~r upon n separete end privats I ~xwninatie~ bp ma taken separate end apart from her said h~sband, atknow~edged to end beforo me that she executed said instrument freefy and volun- ~ far/iy ~wdhou4 any compulaion, const~aint, apprehenaion, ¢ear of or from her said husband. I - I NES6,Ty ~d And off;ciai seal this__~ day of , • ~ ~ : - A. D. 19~ ~ , ` - ~ - . . . r ~ - ~y-'--~"-s4 ~ ( ` I~ ' ~ Notary Pub~~c in and for the State of Florida at Large j ,~"f Ei ~~~•,~y~~ My Gomm~asion expirez: )c to: M01'ARI' P(IEUC STATE sf i'ln^IbA L!iRC~ i ;~>Fi~'~p~~ay i=6 loan Asscciat~ Ml( COMIMIS510N EXPIRCS .E?i. 8, 196r , i ~ ~ P9LED ANC~ RECORlJEt7 , ~f) p~ S^ y' O'~r~ Pierce ~~i ~L R O O J ~Npt1 TMROUCry fRE~ W. tliES7C~KqhfT. • W \.a For~' florida ~ P1 , + ~ ~ _ I ~ . "'s . ~ . t~~~-c :J~ .,,,2 '65 D~C r ~ PM Z : 57 ~ ':~4;.~: ~ . 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