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Home My WebLink About0732 3. To plac~ and continuousty keep on the bui!d~ng~ now a hereat!er ~~tuate on s~id land snd on ~II equipment and pe~w~~lly cova~d by this mon~ w~, with all premiurtK thereon pa~d in fvil, fire insur~ncs in the usual standard po1Ky torm, ~ a sum app~oved by tAe MORTGAGEE, and wir+ds~wm in~waece in tM ~iu~l ifandard pol~cy fwm, in • sum approved by ihe MORTGAGEE, in tuch company or compan~es as tM MORTGAGEE may d~rect; and aU fir~ and winds~o~m insu~ance polic~es on any, of ssid buiid~ng~, sny intere~t thcre~n or part thereof, ie tM apg~cga+e ium afaesaid a in ~xcess IF?ereof, shall contair~ the uiwl itandard matgagee clause o~ s~ch otha clauss as tM Mo+tgagee may requ~re, makin9 ths losi undt? ssid poli- das, eath and eve~y, payabte ro said MORTGAGEE as its interest may ~ppear, and each a~,d every tvch policy s~all be prompNy aas.yned ~nd delivercd fo ~ny held by said MORTGAGEE as fur~hsr secu~ily to s~id mwtgage debt, and, not less than te~ (10) daya in advance oi ~he expirat~on of e~ch policy, to da I~vK to iaid MORIGAGEE • r~newal Ihueof, ~o9e~he~ with a rece~pt fa the premium of such .enewal; and ~he~e shall be ra fire or winds~orm insu~u~ce placcd on any of said buildirgs, ~ny interest there~n or psrt the~eof, unless io the forrti ~nd with tM loss payable as afwes+id; and in the evenl any ium of money becomes payable under wch policy w policies said MORTGAGEE shall havs the op~~on ro ~eceive and apply tAe tame on +ccouro o1 the i~debted- neu secvred htreby w ro permit said MORTGAGORS to reteive and use it a any parf thereof for othcr purFo:es. ~v~~hout th>~eo~ waivi~ig o? ~mpa;r- ing any aqu~ry, lien w right unde~ u by virtw of thii mortgage; and ir? the event sa~d MORTGAGORS shall fa any reaso~ f~il to keep ~he said premtus w insured, or fail to deliver promptly any of said policies of insursnte to said MORTGAGEE, a fa;l promptly to p~y fully any premium therofor pr in any ?e~pea fail to perfonn, discharge, execute, effect, complete, comply with and abide by this cove~am, w a~y part hereof, said MORTGAGEE may plsce and paY fa iuch insurance o~ any p~rt thereof wi~hout walvir,p or affectinq any op~ion. ~ien, equity. or righ~ under or by vi~tue of ~Ais Morlgape, and the full ~moun~ of each and every ~uch payment sFwll be immediately due and payable ~nd shall besr intere~l from ths dat~ thereof until paid at the ra~~ ot ner~e per centum per annum and togelher with sucA imcres? shall be secured by the 1'~en of ti~is mwtgsge. . e 1. To permit, tommit ot suffer ~o wsste, impsirment w deteraration of said property or any pah thereof. ? 5. To pay sll and sinpul~r the.costs, ch~rges snd expenus, incGrdinp a ~e~sonabte attwney's fee and cos~s of abstracts of title, incurrcd or pa~d at eny fime by said MORTGAGEE, becaus! w in the event of ~he failu~c on the pan of the :sid MORTGAGOR to duly, promptly and fully perform, d~uharge, execute, eifed, compkte, comply wnh and ab:de by each and every the stipulatwns, sgreements, conditions, and coveoants of said promissory note and thii mortgsge any or e~ther, and sa~d costi, cMrges and exper+~e~, each and every, shsll be immediately due and p~yable; whethe? w not there be notice d~ mand, attempt to collect q suit pending; and the full ~mount of each and every s~ch paymcnt shall bear interes~ from the date thereof until pa~d ~t the , ~ate ot nine per centum per amiurn; and all said costs, charges and expenses incurred a paid, together w,th such interest, thall be secursd by the lien of fhu ! mort~aQe. s. Th~t in the event of any breach of this Matgsge or default on the psrt of the MORTGAGOR, w(b) in the event any of sa~d sums of money herein rtfared to bs ~ot promptly and fully paid within thirty (30) d~ys nea~ after the same severally become dve and payable, without demand a notice, or (cj in the emr~t exh and eve?y the stipulations, sgreemcnts, conditions and tovenants of sa:d promissory note and th~s mortgsge any a either are not ~uly, promptly and futly perfwmed, d~schuged, executed, effected, completed, complied with and abided yy, then in eitlxr w any tucA event ihs said ag gregah sum mentioned in said promiuory note the~ remaining ~npsid, w;th interest aarued, and all moneys secured hereby, sMl{ becwne dve and pay~ able fonhwith, p thereaft~r, at the oprion of said MORTGAGEE, as fully and comple~e~y as if all of the said sums of money were aginafly stipulateai to be paid on such day, anything in sa:d promissory note or in this Mortgage to /he tontrary notwithstand+ng; and therevpon or tF~ereafter at the option of said MORiGAGEE, without not~ce a demand, svit at law or in equity, the~efwe or therealter begun, may be prosecuted as if ~II moneys secured hereby nad m~rured pr~or to in iru~irution. 7. That in the event that at thc beginning of or at any time pending aoy suit upon th~s Mwtgage, w to foreclosc it, a to refwm it, or fo enforce payment of any claims l+erevnde?, said MORTGAGEE shall apply to the Co~rt having jur~sd~ction thereof for the appo~Nment of ~ Receiver, suth Coort shall FortFiwith appoint a rece~ver of said mortgaged property ali and sing~tar, inctvd~ng aIi and aingular the income, pro(its, issues and ~evenues from whatever source derived, each and every o( wh~ch, it being expressly undcrsrood, is hc~eby mor~gaged as if spec:fically set fath and dewibed in the grantirg and habendum clauses hereof, and such Receiver shall have all the broad and effec~~ve f~nct~ons and, powers in ~nyw~se entrusted by a Cou~t to a Receive?, and :~ch appoi~tment shalt be made by wch Cowt as an admitted equity and a mattcr af absolute right to said MORTGAGEE, snd without reference to the adequaty or inadequacy of ~he vafue of the property mo.tgaged or to the sowency or insolvency of sa~d MORiGAGOR a the defendants, and that such rents, proFin, income, issves and rerenues shall be applied by such Receiver accord~ny to the tien u equity of said MOQTGAGEE and the practice of such tovA. 8. To duly, promptly and fvlly pe~fwm, discha?ge, execute, eficct, complete, comply w~th and sbide by each and every the stipulations, agreements, ; cor+ditwns a~d covenants in said promiuory note and th~s mortgage set iorth. • - 9. That in the event the owncrship of the mortgaged premises, w any paA tFureof, becomcs vested in a person other than tht MORTGAGOR, the +VtORTGAGEE, its successors and assgns, may, withwn ~orice to thr MORTGAOR, deal with such successw or successor in interest wi?h reference to thu mortgage and thr deb~ hereby secured in the ssme manner as wlth Mo?tgagw w~thout in any way vit~ating oc d~uharg~ng tF~e Mortgagors' lisbility here- under or upon the debt hereby secured. No sale oi the premixs hercby mortgaged and no fo~bearance on the part of the MORTGAGEE or its succe:sws or au~g~s and no extension of the time fw the paymen~ of the debt hereby sccured given by the MORTGAGEE or iri iuccessws or au~gns, shall operats ro releue, d~scharge, modify chsnge or affect the erigioal liab~fity of the MORTGAGOR here~n, either in whok or in part. 10. It is specifically agreed that time is of the esunce of ~his contract and that no waiver of any obl;gat~on herevndcr or of the obl'gation sr c~red hereby sh+ll at any time thereafter be held to be a waiver of the terms hereof or of the instrument securcd herby. ~ I1. In add~tion to the forego:rg monthly payments of princ p~l and interest requ~red by the prom~swryr no!e secured hereby, mortgagor covenants ` and agrees to pay to mortgagee with each monrhly payment an add~~ional sum est~mated by mortgagee to be eqval to 1; 12 of the annual cost of the follow- iny: A-All resl property taxes levied w assessed agaioat thc above describad real estate. B-Premiums on fire and windstorm insurar.ce as here~n requ~red to be carried on +he ~mprovements sitvate on the above described premises. C-Premiums on suth mortgage guaranty insurance as mortgagee shalt from rme to time deem fit to carry on fhe ban secured hereby. Mortgagee shall from time to time norify mortgagor in writing of the amount due a~d paysble hereunder snd such surn sFwll thereupon be d~e and payable on the due date of ~he next monthly payment and each svccessive month thereafter ~r.til mwtgagee shall ~otify mortgagor of a change in such amount. Such sums shall be applied by mortgagee toward the paymen! of real properiy taxes, insurance p?em:ums, and mortgage gvaranty inwrance p~emivms. IN WITNESS WHEREOF, the said MORTGAGOR has hereunto set his hand and seal the day'and yesr first sforesaid_ S n , ~kd an eliv r in F~e esence of: / , ~ •n _ . ~ csNn j aq f ~ S1ATE OF FLORIDA ~ ~ ` Saint Lucie ~ courvnr oF . i Before me personally appeared Arthur p. B~&1 e~ ! MAdel ~ne G. RYel ~ji~,~o ~ his wi~e, to me well known s~~~ ~ the individwls described in ~nd who executed the fc~regoing instrurrknt, and ackrwwledged before me that they execvted tltt~iar7j~`~for'tl+~ ;puj~pses # therein expressed. And the said Made~ i ne CI ~y8~. ~ ~ U~ r~ ; w~fe ot the ssid _ Ar .hLl+ P R~QZ ~p~'~ pr;v~ri ~ examin~Ywn by me taken separafe and apart from her ss7d husband, acknowledged fo and before me that sbe execufed saiy~~tN~~y .~y~ v~lu~ _ ; rarily and witFavt a r ~ y compulsion, conslraint, a p proF~ensi a fear of w from Fxr ssid husband. ; "l WITNESS m hsnd and official scal this q da of q Mareh = % - ~ vi?. 4 . ~ , ~yg~d'--~='~~ - . Notary ub ic in and fw the State o~j •~11d~ ~R~~E~C,Q ROED My Commiuion ex~.~: e~ ~ R~~,m•To: FILE A Qli~--? OOK Notx~r F~6ic. Stafe of ~~'Aon~i'k' ~Yaroe. Fint Fadcnl Sa~Fnps 3 Loan Assoc~(~o • s ~ Qf. fort Pierce. C'~/~ ~r ~f1011 ~ e f~t~ Pilr~. Florida IN~N b M~riw Fiw ~ C~? C+. : • 2 • Sy - F . ' . '66 t~iR 8 PM • • ~ ~ ~ V~~ / ~ : ~ " ~143 ; ' - RK . 't • - ~ : f::~~. CLE - ' - ROG-~ ~ COU'JTY. ' ST. LUC?t ' l.~ / ~~V_- / 1 $ ' ~ ; 4 ~ ~ ;J ~ ~ FLORIDA r\~ ~ 1~ ~ _ . • ~ - ~•.......••.G~.`~~~ ; . , ~ - - + - • • . . . ~~oK 140 129 ~ ~ ~ ~ ~ . _ _ _ ~~~x~-~ ~__w~. . : _ -~.3