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Home My WebLink About0351 3. To plate and continuously keep on the bui:dings now or hereafter utu~te on sa~d land and on alt equipment ~nd penonally covered by this matg- ege, wilh all premiums the~eon pa~d in full, fire insuronce in ~he us~al ua~ulard pol~cy form, in a sum approved by the MORfGAGEE, ~~d windatorm ~nsvranc~ in ths uawl standard po~+cy form, in a sum appro.ed b~r ihe MORTGAGEE, in such company or compenies as ~he MORTGAGEE may drect; ~nd all fire and winditorm insuronce po~~cres on any of sa~d bu~id~ngs, any interest therein or part thereof, in the aggreflate ium ~fwesaid or in exce» therwf, shsll tontain the usual standard morrgagee clause or such o~her t!a~se as the Mortgagee may requ~re. making ths loss under fa~d poli- c es, esch ~nd every, payabte to said MORTGAGEE as ns inierrst may appear, and each and every svch po~~cy shaU be promptty ass gned a~d de~ivered to eny Feld by sa~d MORTGAGEE as iwther security to sa~d n~o~rgage debt, and, not ,ess ~han ren (10) days in advance of the expirat~on of each policy, to da ~.er !o said MOR(GAGEE a renewai ~herzof, toge~hzr v.eth a r~ce~1» for the Fr~., ,um of such re~~.~.•::'; and there sh~i! b~ no firz or wlndsterm insurance piaced on any of said buifd~ngs, any interesl therein w par~ Ihcroof, v:~:ass thz form and wish the ~oss payab!e as aforesjid; and in the eve~~t any sum of money becomes payable under such potity or policies said MORTGAGEE shall have ihe opt~o~ to rec~ive and appty the sen~e on account of the indebted- r.ass secured hereby w to permil said MORTGAGORS to receive and use it or any part t~~e:rot ior otner purposrs, tivi~ho~t ~h~~~u~ waiviiq o~ u~~p~i~• ing any equity, lien or right unde~ or by virtue of this mo:rcjage; and in the eveM sa;d ARORTGAGORS shall for any reason fail to keep the said premises so nsured, o~ fail to delive? promplly any of said policies of insurance to said MORTGAGEE, w fai! p:omptly to pay fully any pre~nium therefor a in any respect fail to perform, distharge, execute, effect, canp~ete, comply with and ab~de by this covenant, or any part hareof, sai~ MORTGAGEE may p!ace and pey for suth insurance w a~y part thereof without waiving w affecting any option, lien, equ~sy, or right under w by virtue of this Mortgage, and the f, ~l amount of each and every such payment shalt be immedfafely dve and payable and shall bear interest (rom the date thereof until poid at the rate ot ,:ne per cent~m per annum and to~ethar with such inrcrest sh3ii be s~cured by the lien of this mortgage. 4. To permit, tommit w suffer no waste, impalrmrm or drterioratlon of said p~operty or any part theieof. 5. To pay all and singula~ the costs, charges and expenses, ~ncluding a reasonable attomey's fee and costs of abstrads of title, incur~ed o? paid at ,~,y time by said MORTGAGEE, becavse w in the event of the failure on the part of the said MORTGAGOR to d~ly, p~omptly and fully pe~form, d~scharge. =xrcure, effect, complete, comply w~th and ab:de by each and every the stipula+ions, agreements. cond~tions, and covenants of said promissory note and thii ror:gaye sny ot ei~her, and said costs, charges and expenses, each and every, shall be immed~ately due and payab:e; whether or not there be r.otice de mand, attempt to collect q suit pending; and the full amounl of eath and e~ery such payment shai~ bear interest from the date tFxreof until paid at tht _re os nins per centum pcv annum; and all wid costs, charges and expenses ~ncurred o: paid, toyerher w,th such intere:l, shall be secured by the liee of thi~ mo~rgage. 6. Thsf (a) in the event of any breach of this Mortgage o? defauft on tFw part of the MORTGAGOR, or (b) in the event any of satd sums of money here~n refer~ed to be not promptly and fully paid wirhin thnty (30) days next art•_r the same seve~a!fy become due and payable, without demand or notite, . r;c} in the event each and every the stipu~ations, agreements, cond~tions and covenants~ot sa.d promissory note and th~s nwrlgage any w either are not ~u;y, prompNy and fully performed, d~scharged, executed, effected, completed, compGed with and abided Sy, then in euher w any wch event Ihe said aq~ yregate sum menlio~ed in taid promissory note then remaining unpaid, with inte~est accrued, and a:l :noneys secured hereby, shall betome due and pay ae:e forthwith, or thereafter, at tha option of said MORTGAGEE, as fully and completely as ii ali of the said sums of money were originslly stipulated ro be paid on ~uth day, anything in s~id promissory ~ote or in this Mortgage to ~he comrary nor.vi~hstanding; and thereupon or theresfter at the option of ~e:d MORTGAGEE, without notice o? demand, suit at law or in equity, the~efore w thereafter begun, may be prosecuted as if all moneys setured heteby n±d matured prior to its institution. 7. That in the event that at the beginning of w at any time pend~ng any su~t upon th~s Mortgage, or to ~orectose it, w to reform it, or to enfo+c~ ~a~ment of any tlaimt hereunder, said MORTGAGEE sha:t apply to the Court having ju~~sd~cT~on thereof for ihe appo~ntment of a Receiver, such Court shsll f;:rthwith appoinf a receivet of sai~ mortgaged properiy all and singular, includ:ng all and singuiar the income, profits, issues and revenues from whatevtr co:.rce derived, each •nd every o whlch, it being expressty undersrood, is hereby mor~gaged as if speui;calty set forth and desuibed in the granting snd habendum clauses hereof, •nd such Receiver shall have all the broad and effeaive funcf~ons and powers in anywise entrusted by a Court ty a Receiver, and ~.:h appointment shail be made by such Court as an admifted eq~ity and a ma~re~ oi absolu~e r~ghr to w~d MORTGAGEE, and without reference to tM ~dequacy or insdeouacy of the value of the prope.ty mortgaged or to the so.vency or inso~.ency of sa~d MORTGAGOR o~ the defendants, and that such ~r~!s, profits, intome, iuves and revenues shall be appGed by such Receiver accord~rg to the lien or eq~ity of u~d MORTGAGEE and the practice of such Couri. 8. To duly, promptly snd fu11y perform, discharge, execute, effect, compiete, comply w~rh ar.d abide by each and every the stipulations, sgreement~, :onditions and covenaNs in uid promisso?y note and fhis mortgage set forfh. 9. That in the event the ownership of the mortgaqed premises, or any part thereof, becomes vested in a perwn other than the MORTGAGOR, the ;';;RTGAGEE, iti tuccesso?s and assigns, may, without no~ice to the MORTGAOR, deal with such successa or wccessw in interest with referonce to this -o•rgage and the deb~ hereby secured in the same manner as with hloityagor w~~hout in any way vitiating or diuhargeng the Mortgagors' lisbility herr _-der or upon the debt hereby secured. No sale of the Fremises hereby mortgaged ard no forbearance on the part of the MORTGAGEE w itt suctessors c- ass~gns and no extension of the time fw the payment of ~he debt he~eby sec~red a~ven by the IJ~ORTGAGEE or its suctessors or ass~gns, s~~all operat0 ro re!ease, distharge, modify change or affect the orig~nal liab~{~ty of the MORTGAGOR herein, eithe~ in whole or in part. ~ 10. h is spetifically agreed that time is of the essence of this contract and that no waivec of any obligat~on hereunder w of the obtigation se- ` c~•ed hereby shell at any time thereatter be held to be a waiver of the terms hereof or of the i.~strument secured herby. i i 11. In add~tion to the forego'ng momhly payments of princ paI and imeres~ requ+red by the prom:ssory no!e secured hereby, mortgagor eovenants ( ~-d agrees to pay to mortgagee with each mon~hiy pay~;:ent an addrtfonal sum esr:~~•ared by mor~yagee to be equal to 1; 12 of the annual cost of the follow- € ~y: ~ A-All real property taxrs levied or assessed agai•~st thc above desc.ib~_d re3l esrafe. ¢ 8-Premiums on (ire and windstorm insuracce as here~n requ~red to be carr~. d on the ~m;,roveme~ts situate on the above described premises. ~ C-Premiums on such mortgage g~aranty ir.surer.~e as morrgagee zhall frcm ~ n:e to t;me deem fit to carry on the loan sewred hereby. Mwtgagee shatl from time to time notify mortgagor ~n v:r~t~ng of ~he a~o:;~+t d~c• and payabte hereundrr and such sum shall thereupon be due and .>_;able on ihe due date of the next monthly payment and eacn s~ccessive momh nc~reait~r ur:ril mortgagee shal~ notify mortgagor of a change in such - ~.,nt. Such sums sF.all be applied by mortgagee toward the payment of real property taxes, insurance prem:ums, and mortqage guaranty insurance ^•emiums. z f IN IT E H E , the said MORTGAGOR has here~nta set his hard and scai the day and year fint atoresaid. g ? ~ 9 an elivered in the presence of: _/f , ~ t~f../ Seel) ~ ~ _ _ Se~q _ _ _ ~Seal) - (Seaq ~ ~ ~i.:7E OF FLORIDA ~ ~~~~n,oF St. Lucie ~ ~ ? Before me personally appeared W i 11 i am T, w@ 119 and ~ _ M3~T'8 L W e 11 s his wife, to me well known and known to me to be rr:e individuals destribed io and who executed the foregoing inztrument, ano acknowledged before me that they e:ecuted the same for the purposes - ,r.e~ein expressed. Md the said Myra L. {A~@119 r: fe of the wid W i 11 i em T. W@ 1.19 _ _ - upon a separate and private e,ammation by me taken xparate and apart from her said husband acknowledged to and before me that she executed said instrument freely and volun- ~ 'z-~iy and without any compulsion, canstraint, apprehens~on, or f~of or from her said husband. WfTNE:S my hand and offiual seal this r~ y day of December A. o. ,q 66 ~ - - Norary Pubtic in and fw the State of Florida at Large " My Commission expires: - Return To: Notary P~.,~;-. .,`a,~ r~~ ~ ~ 1 , Fint Peder~l Savings 8 loan Association • -3 B~ 2 -:-7 Of Fort Pterce. thy :O~ t~: .t-~~:~ t..- ~ FILEO ANO RECOROEO E : . - t~~~ Fort Pierce, Fbrida ST. LUCIE COUNTY. FLA.' RECORD VERIFIED • _ , - ~ 151_~~-2 _ : - '66 DEC 29 PM 3 : OS -j..t . ~~.e~ - ; - R Gcr~ i•OITRAS " CLERK CIRCUIT COURT . ~~;~~`1~ ' ? , ~'~~K 163 YAGE 35~ - . . ~ _ .T _ _ _ _ _ _