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Home My WebLink About2377 ; ~ 3. To plece and canHnuo~sly keep on the bui!dings now or hereafter situate on seid Isnd and on all equipmeM and penonally covered by this merlg- ! p~, ~rith ail premivms the~eon pa~d in (ull, fire insvrance in the usual xrarvJard policy form, in • sum approvtd by the MOR(GAGEE, •nd windNorm Infur~nce in the usval trandard policy form, in a sum upproved by the MORTGAGEE, in such tompeny or tampanirs ax the MbRTGAGEE mey dirett; end all fire end windstorm insuronce po!~cies on eny of said buiid~ng~, any intereet therein or parl thereaf, in the aggregate wm •forstaid or In ~xces~ thereof, ~hall contain the usual staridnrd morrgagea da~se or such other dau~e a~ the Mortgagee may requ~re, makinq the ioss under s~~d poli- ciss, each and every, payable ~o said MORTGAGEE aa its interzyt may appear, and rach and every sucfi poi~cy ~hall be promptly ass gned and de~ivered ro ~ny hsld by saie! MpRTGAGEE as furthe~ security to said r,iortga~e debt, and, not less than ten (tQ) days in advan~e of the ezpirat~on of each pol:cy, to dr ~iver to said MORiGAGEE a ~enewa! thereaf, together with a rece~pt for the premium of such renewal; and there shali be no fire or windstorm in~ure~ce pla<ed on any of said buildings, any interest therein er part thereof, vnless in the form and with the lons payable as aforesaid; and in the event any sum of money becomea payeble vnder such potity or pol~c~es said MORtGAGfE shall have the opr~on to receive and apply the same on account of the indebted- ness setured l+ereby or ro permit sald MORTGAGORS ro receive and use it or any p~rt thercof tur other purposes, without th~~ro~ wsi~ing or u~~pair- iny •ny Qquity, lirn or right ~nder or by virtue of thii mo::goge; and in the event aa~d MORTGAGORS shaN for any reason fai! to keep the said premises so insured, or fail to deliver prompfly any of said poGcies of insurance to sa~d MORTGAGEf, or fall prompNy to pay fully any pcemivm therefcr or in any r~~pect feil to parform, discharge, execute, effect, co~nptete, compiy wirh and ab~de by this tovenant, or any part hereof, said MORTGAGfE may place and p~y for tuch insura~ce or arty pari ihereof wilhovt waiving or afEeding any option, lien, equity, or rigM under or by virtue ef this Mortgage, and the `ull amount of eath and every tuch payment shall be immediately due and payable and thall bear interest irom the date thereof until paid at the rate of nine per centum p~r annum and togrthe: with such interest shali be secured by the tien of this mortgage. , 4. 7o p~rmit, commit or wffer no waste, impaiiment or deterioration of said property or any part thereof. 5. To pav al! and singular ihe tosts, charges and expe~ses, includ~ng a reasanable attorney's fee and cosis of absiracfs of title, incvned or paid at eny time by ~aid MORTGAGEE, because or in the event of the fa~iure on the part of the said MORTGAGOR to duly, prornptly and fully perform, d~scharge. •xecute, efrect, tomplete, comply w~th and ab;de by eactti and every fhe stfpuier~ons, agreemenrs, toncllYeons, and covenrnrs of said promissory note and this mortgage any or e~iher, and said cosrs, charges and expenses, each and every, ahail be immed~ately due and payable; whether or not there 6e r;otice de m~nd, attempt to collect or suit pend~ng; and the f~~ll a:npunt of each and every such payment sha!~ bear intereat from the date thereof unti! paid a! the ' rate of nine per centum per annum; and all said costs, charges and esoensea ir.turred or paid, tegethFr w~th auch intereit, shall be iecured by the lien nf ihi~ + mwtflage. ; 6. Tfiat (a) in the event of any breach of this Mortgage or default on the part of the MORTGAGOR, or (b} ;n the eve~+t any of seld sums of muney herein refened to be net pranp!ly and fully paid •within th~rty (30) days next afrer the same severa!ly beco:rie due and payable, without demand or notice, or (c) in the event each and every the stip~~at~ons, agreements, conditior,s and covenants af sa.d promissory note and th~s mortgage any or either are not ~uly, prompt~y end fuily performed, a;scharged, exec~ted, effecred, completzd, complied with tnd abided by, then in e~ther or any such evem the ta~d aq- : pregate ium mentioned in said promisso:y nofe ther remaining unpa:d, with interest accrued, and atl moneys setured hereby, shall become due and pay eble forthwith, or thereeiter, at the epr~on of said h10RTGAGEE, as ful(y and comp(etefy as ii alf of the sa~d sums of money were or~ginally st~pulated Jo be paid on such day, anything in sa:d prom~ssory note or in this Mortgage to the contrary notwithstanding; and thereupon or thereaftcr a~ the op~ion of teid MdRTGAGEE, without notice or demand, auit at iaw or in equity, therefere or thereafter begun, may be prosecutad as if etl moneyr secured hereby had marured pr~ar ro its insrirurion. 7hat in the event rhat at the beginn~ng of or at any time pend+ng any sutt upon th~s Mortga~e, or to foreclose it, or to reform it, or to enforce payment of any claims hereunder, said A1URTGAGEE shall apply to the Court having jurisd~ction thereof for the a~pointment of a Receiver, such Court shall i forthwith appoint a rece~ver of saifl mortgaged property all and singular, includ~ng alt and s~nq~lar the intome, profhs, issues and revenue~ from whatever = wurce derived, each and every of wh~ch, ;f being expressly understood, +s hereby merraaged as if spec~f;~ally set forth and described in tF.e grenting end f habendum clauses hereof, ar.d such Receiver shall have a!I the broad and effetrive funct:ons and powers in anywise entrusted by a Cou~t to a Receiver, and such eppointmen! shaU be made by such Court as an admitted equrty and a matrer of absoi~te r~gM to said MORTGAGEE, and without reference to the adequacy or inadequacy of the value of the preperry mor~gaged or to the sa',vency or inso,venty of said MORTGAGOR or the defendants, and rhat s~ch ren?s, profits, income, issves and revenues shaN be appliec~ by such Rete+ver accord+ng to fhe lien or eq~ity oi snid MORTGAGEE a~d the proUice of such Coun. 8. To duly, promptly and fully parform, discharge, execute, effect, compiete, comply w~th and abide by each and every the stipulations, agrrement~, conditions and covenants in sa~d prom~ssory note and th;s mortgage set ferth. 9. 7hat in the event the owne~ship of the mortgaged premises, or any part thereof, becomes ~ested in e perton ather than ihe MORTGAGOR, the MORiGAGEE, its auccessors and assigns, may, withv~t notice to the MORiGAOR, deaf with such succesaor or wccessor in ir.terext wi+h refersnce to this mortgage and the debt hereby sec~ied in the same manner as with PAortgagar without in any way vit~arina or discharging the Mortgaqors' liability hers- under or upon !he debt hereby secured. No sa!e of the Fremises hereby mortgaged and no forbearance on the part of tha MORTGAGEE or its successors or atsigns and no extension of the time for the payment of the debr heieby sewred given by the MORTGp.GEE or iti successori or astigni, eiiall operate to release, discharge, n:odify change or affec~ the origma! lia~;lity of the MORTGAGOR herein, e~ther in who!e or in parr. 10. It is specifically agreed that time is of the essence of thi; contract and that no waiver of any obl:gat~on hereunder or of the o6ligation se- tured hereby ~hall at any time ihereafter be he:d to be a waiver of the terms herecf or of the in:trurrent secu~ed herby. - 11. In addrtion to the forego'ng month;y payn.~n~s of princ pal ard inreres~ requ~rzd by tho prom ssory no!e secured hereby, mortgag~r covenanta an~ agrecs to pay to r.;nrigagee with each month'y pa.~ .er.t an add:i~oral sum estln,ared b~ mortgagee to be equal to 1~ 12 of the annual ~ost of ihe follow- ing: A-All real property taxzs !evi?~ or asses~_~ci ag;i st ti.c acove describcd real es~ate. b-Premiu ~~s on fire and windstorm fnsvr~nce as h_re;n r~qu;red to be carried on the :rnprov<_~nenre s;tuate on !he above described premises. C-Premiums on such mortg~ge guaren!y ir.surar ce as rnortgagce shall frc~^ t n;e to tim~ deem fit to carry on the loan sec~red hereby. Mortgagee sha',I frcm t~r,i~ to ri~r~e no~ify rncrryagcr ~n ,vriru-~g oi the an-.oa~t due and payaoie hereund~~r and such surn shall thereupon be due and payab!e on ihe due date of the r.ext n,onth!~ payn,e;;t ar~.d each successive n+onih Ti^,ereaitcr ~nj;; mertgagee sha'! notify mortgagor uf a change ir, wch emuunt. Such sums shail be appiied by mortgagee ~ev.ard the payment of real property taxes: insurance prem;ums, and mortgage guaranty insurance premiums. , IN WITNE55 iNHEREOF, the aid MORTGi,GCR nas h~~re~hte set h~s hard and sea! ihe day and year fi t aforesaid. s , ' ned, eafed and delive in_,jhp~ preserce of: ~ C~ L~ _ . ~ (Seal) ~ - (Seal) ~ - - (Seei) - - (Seal) STATE OF FLORIDA ' couNrr o~ `;ni n,. e t ss. Sefore me persanally appeared T°C7 ry1 '''pa~7?r and i~'~~ 1 r?rp!~ j: L?p~,~~Pr, h~s w~fe, to me well known and known to me to be the individuals described in and who exetuted the foregoing instrument, and ackn~wledged before me that they executed the same for the p~rposzs Iherein expreased. And the •aid___..~ 1'~~ ±~c~~ r,~ 'rla,nt/~?r, wife of ihe said _ T: o p . ~:r?'? ?~r? T' upon a separate and private examination by me taken separate and apart fro;n her said hvs nd, acknowledged to and before me that she executed said instrurr~ent freely and volun- tarily and without any comp~lsion, constraint, aoprehens;on, r~dear of or from her seid husbar.d. WITNESS my hand and officiaf seal this__-s__~~ day of D8C@M~J~I~ ~ A. Q. 19_~_ r~ ~ '~'L~C--~ ' "s Notary Public in and for fhe State of Florida at Large } My Commissicn expires;~ Retum 70: tF.ry ~'uC~,c, 5l- F. , ~ g ORDEd f~r:~'~ a, ~~~y~ ~ First Federal Sevin s 3 loan Assor.i~ip* ~ D `{N D R~ r,:y Cemn~~ssiur. c : ;u ? 11,=,~i Of Fort P;er~P. r i~_ 0 0 K ti~t:K:.~.«. ~ +c-i~-- - ~ r ~ : Port: Pierce, Florida ~ + . . ~ - ~ . . ,b5 r,~.r 30 ;~~~1 I~J . Oy " _ , ~ " 1~'j ~ ~ 1C_d_a~a~l~ _ ~ -1• ~ ~ - : '~L.C~tK - + , ~c~~.~~ , : • ~;tiY. • °r . .~L' ~i. LU~i~ C0~ ~ , . ~ ~ ~ - r LURiD:+ . . . ';-y' ' ~ ~ ~ E ~ ~ 3 5 ~1 ~~a _ _