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Home My WebLink About1402 3. To plu~ and conlinuously keep o~ the bui!ding~ now or Mreafter situate on sa~d tand and on alt equipment and penonally tovNtd by thii ma~q~ ag~, with ail premiurtrf tl~ereon pa:d in full. lire insur~nce ~n ~he usuai sranda~d pot~cy (orm, jn ~ sum spproved by the MORiGAGEE, u+d w~nd~torm insv~ance in tM usual irandard pol~cy form, in a sum approved by the MORTGAGEE, in tuch company w comp+~ies a~ the MORTGAGfE n+ay d~rect; ~nd all fire and w~ndstam inwrance policrcs a+ +~y of sa~d bu~ld~ng~, ~ny inre~es~ ~herein or pa?t the~eol, in tM aggrcgatQ ium ~fpreuid p In ~xcess ~hereof, ih~ll contain the usual u~ndard ma?gagee cla~~e o~ such o~her clause +s tM Matgagee may rcqV~«, ~kinp ths Ioss unde~ said po1F ci~s, each and eve?y, payable to said MORTGAGEE as its interesl may appQ~?, ind each and eve.y s~ch poticy shall be p.omptly ass gned and delive?ed ro ~ny held by said MORTGAGEE is fu~lher sec~rity to ssid ma~gage debt, and, not !eu tkan ten (1Q? dsyi in advance of the expiratio~ of e~ch policy, to d~- livtr to ~~id MORTGAGEE a~enewsl thercof, ~ogs~he~ with a receipt (w t1~e premium of such re~+ewal; a~d there shall be no fire o? windstorm insuranc~ pl~ced on any of ~aid buiidings, any interest there~n or psrt thereoi, vnless in tM fonn'and with the lou p~yabte as afaetaid; ~nd in the tvent any sum of mon~y becomes payable under such policy or polKies said MORiGAGEE shall have the optan to receive and apply ths ssme on accouM oY the i~debted~ neu iecvr~d he~sby oa to permit iaid MORTGAGORS to receive and uu it w any pa~t tl~ereoi for o:hcr purposes, w~~hout ths.eb,r waiv;ng o~ ~mpair- inQ a~y pvity, lien or ripht under u by virtw of this mo:tgage; and i+? the evcnt s~id MORTGAGORS shn~l fw any reason f~il to kcep the said prcmise~ w insv~~d, a f~il to deliver promptly any of said polKies of insursnca to sa~d MORTGAGEE, w fail promptly to pay futly any premium therciw w i~ a++y respect fail b perfam, discharge, execute, effect, comple~e, comply with and ab~de by thii covenant, or any part Aereof, said MORTGAGEE may plate and pay for iuch insurance w ~ny part therrof wi~hout waMir+~ w ~ffecting any option, lien, eqviry, or right under or by vi~tue of th~s Mat~aQa, ~nd fhe full ~mount of each ~~d every such payment ihall be imm,.~di~tety due and payable ~nd shal! bear intere~l f~om the data tFiereof uniil paid at fhs rat~ ot nine per centum per annum and to~ether with tutA interQSt shali be secu~ed by the lien of this enwtgage. 4. To perntit, commit or suffe? no waste, impairment ot deterioration of ssid property w any psn the~eof. 5. To p~y all and singul~r thstosts, charges and expenses, including a~easonsble attw~ey's fee and costs of abst?acts of :itle, incvrred or paid at any time by ssid MORTGAGEE, becaus! a in the event of tfie faiture on the part oi the said MORTGAGOR to duly, p~omptly snd fully perfam, d~uharge. execute, eifen, comple~e, comply w~th and ab;de by each ~nd every the strpulanona, sgrecmenn, cond~rions, snd covenants of sa~d prom;uory note and th~s mo.rg~ge ~ny w e~the~, and s~id costs, charges and expenaes, each and every, sMlt be immedc~tely due and payabte; whether or not rAer~ be no~ice d~ mand, attempt ro coll:~ct or svit pending; and the full amount of e~ch and every auch payment shall bea. interes~ from ~he date thereof unril paid at the rate of nine per centum per am~um; and afl said costs, charges and expenses incurred u paid, together w~th such intere~t, ihall be secured by the lien of this mortp~e. 6. Ti+at (a) in the event of any breach of this Mortgsge or default on the pa~t of the MORiGAGOR, w(b) in the event ~~y of sa~d sums of money herein refe?red to be not promptty and fully psid within th~rty (30) days rxxt after the same severally betome due and payable, wiihout demand or not~ce, or (cj in the evMt eath ai+d every the stipvlafions, agreemenn, cond~tions and covenants o! sa+d prom;swry ~ote and ~h~s mortgagt any a either ~re nol ~uly, prompNy and fully performed, d~scharged, executed, eifected, completed, complied wlth and abided by, tF?en in ei~he~ or any such evem the said ag- g~eqat~ sum mcntioned in said promiuory note then remaining ~~paid, with interest accrued, and all moneys secured herebY. shell become dve and pay- able fo+thwith, o~ fhereafter, at Ihe optlon o} ~aid MOr2TGAGEE, as fully and completety as if all of the said sums of money were wginally st~pulated to be paid an wch day, anything in sa:d promissory note a in this Mortgage to the contrary notwithstand~ng; and the~eupon w thereafter at the option of said MORTGAGEE, without notice or demand, suit at law or in equity, therefo~e o? therralte~ begun, msy be prosecuted as if ~II moneys satured hercby had matured prwr tu ~ts inslirution. 7. Thaf in the event that at the beginning of or at any time pend~ng aoy su~t upon this Mwtgsge, a to foreclose it, o~ to reform it, or to enfo?ce payment of ~ny tlaims F+ereunder, said MORTGAGEE shalt appty to the Court hsving jurisd~ctior~ thereof foa the appo,ntment of s Receiver, such Court shall fortFiwerh appoint a receivcr of said mortgaged property all and singular, includ~ng al! snd singular ~he income, profifs, issues and revenues frpn whatever wurtt derived, each and every of whKh, it being expressly understood, is hereby mortgaged as if spec~ficatly set forth ~nd deu.ibed in the g.anring and habendum clauus hereoi, and such Receiver shall have all the b?oad and effecrive iunct~o~s and powers in anywise entrusted by + Court to a Receiver, and ~uch appoi~tmenl shall be made by such Court as an admitted equity and a matte~ oi absolute right to said MORTGAGEE, and wi~hout relerence to the adeq~acy or in~dequaq oi the value of the properry mortgaged or ro rhe so+vency or ;n;olvency o( said MORiGAGOR a the detendants, and that such rents, profits, income, iuues and revenues shall be applied by such Reccivcr accord~nq to the lien or equity of wid MORTGAGEE and the practice o( such Court. 8. To duly, promptly and fully perform, diuharge, exccute, effect, complere, compty with snd abide by each and eve~y the stipularions, ag~eements, condiYwm and covenants in said promisswy note and this mortgage ut fath. 9. Th~t in the event the ownership of the mortgaged prcm~ses, or any part thcreof, becomes vested in a{xrson other than the MORTGAGOR, the MORTGAGEE, in successws and assigns, may, wi~hout notice to tFx MORiGAOR, deat wifh such auccessw or successor in interest with refere~rce to this mortyage and the debt hcreby secured in the ssme msnner as with Mortgago~ w;thout in any way vitiating a dixharging the Mortgagori liabitity herr undcr u upon the debt hereby xcured. No ssle of ~he prem~ses hereby mortgaged and no fabearsnce on ~he part of the MORTGAGEE w its successws o. sssigns and rro ezrension of the time for the paymcnt of the debt hereby secu.ed g~ven by tlx MORTGAGEE or its successors w au~gro, .tiall operate ro rele~u, d~scha~ge, modify change w affect the wig;~al lisb~l~ty of the MORTGAGOR here7n, either in whok or i~ put. 10. It is spec~fically agreed that time is oi the esunce of this conf.acr and that no waive? of any obtgarion hereunde~ or of tF~e obligation ar a.red hereby shatl at any time thereafter be held to be a waiver of the terms hereof o~ of !he irat~ument secvred F~erby. 11. In add;tion ro t}x fwego:ng monthly payments of princ'pDl and interest requ~red by the prom~ssory note secv?~ ~reby, mortgagor covenants and agreea to pay to mortgagee with each monthiy payment an addi~ional sum es~~mated by mortgagee to be equal to 1%12 of the annua~ cost of the fdlow- ing: A-All real property taxes levied w assessed aga~nst the above described acal estate. B-Prem~ums on fi~e and windstorm insurance as herein requ~red to be carried on the imp~ov~~ti situate on the above described premius. C-Premiums on such mortgage guaranty insurar~ce as mortgagee shall from t;me to time deem fit to carry on the ban secured hereby. Matgsgee shall from time to time notify mortgagor in w~iting of tFro amount due and payable hereunder and such sum shatl thereupon be due and payable on the due date of the next mo~thly payment and each :uccess~ve month thereafter ur.til matgagee shall notify mortgagor of a change in such amount. Such sums shall be applied by mortgagee toward the payment of real pr~rty taxes, insurance prem:ums, and mortgage guaranty insurance premiums. IN WITNESS WH , the said MORTGAGOR has hereunto set his hand and seal the day and ear irst aforesaid_ Sipned. Sealed deP t e ofy _ . aQ _ a~ ~~~q STATE Of FLORIDA ~ St. Lucie courmr oF Before me persw~ally appeared Charles Ale s~, a widower ~ the individwy described in ~nd who executed the for oi to me well known and known to me 1o be eg rg instrument, end acknowledged before me tiwt thty executed the same for the purposes rherein expreued.7~/~yf 71~i'aldsr :~[~dE~i6TL]~aTAC ^ yy ~~~y~c ~ r'~+*~~.KI+~w.y.~1a-~~a~~ WRNE55 my hand snd offFcial xal thi _ day o C A. D. 195~ ~ Notary Publit in and for the ~5t~te of~Florida at lsrpe Retvm 10: . MY ~o~iuion eapires: G// p / '/`°0 fint Fedtnl Savings 3 loan Association t~t~1S1~:R,'l;:fh.. Of Fort P~erce. 1r07A~y..... „ .ti`~~ Port Pierce. Florida ?e!~j . - L4RuE1 FlLE AN REC,pRDED yc. _ _ ' .y`~fJ~~~:~ . ~ ' pCOIa_ ROOK . -<<.oq,;, : . ~ t--.- ~ t a~- n :f~~. ~ . , ~~J _ • • ' - '~6 f'I~R 22 PM 3 : 44 _ - - _ : ~ , ; ~ ~'.:.~i~ = . ~ ' : ' - . - . ~ ROGEtt i'~?~_,~.;.oUNTYRK ' - ' . _ , ST. LUCIt C - . FLOFIOA [?D~ . ~ 8 tN(~~ ~ ~_.,n._~:~,.~_~ 7 ~a