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Home My WebLink About1086 1. To pl~c~ ~~d continuou~ly k~ap on tM bviid~r+gs now w h~re+ftN situ~t~ on said Iaed and a+ ~II eqvipment aod p~rwnally cova~d by ~hi~ mw~ sy~, with ail premivrra th~reon pa~d in full, fire i~svranc~ in ths usual sundard polky fwm, ~n + sum approv~d by ~M M06TGAGEE, •nd wi~htorm cnwranc~ M tiw utu~) surKla~d poliq fam, in s sum approved by tM MORTGAGEE; in such company o~ companies as th~ MORTGAGEE may d'v~ctt and all fir~ and w7nds~o~m insurana policie~ a+ any of said b~ild~nys, ~ny i~t~r~st tl?srein or part ther~of, in tM aQyregar~ w~n sfw~iaW a in ~Yttss lhertof. ahall cont~in tF+s viwl itanda~d matgap~t tlavse w s~ch otF?N tl~uu a tM MortQa~ee may rpvin. m~kinp tM loss und~r ~aid poli~ ciM, tach and every, paysbl~ w said MORTGAGEE a in interat may ~ppear, and sach and tvery fvch poliq ~hali b~ promPtly ~u:9ned and delive~ad ~o any Mld by uid MORTGAGEE ~s turther s~cu~iry to saic+ mwtp+~e debt, and. IIW IOlf ~FNiI iM (IO~ ~iyf If1 advanc~ of the ~zpiwYwn of Nch pol'~cy, to da IivN ro aid MORTGAGEE a renewal thereof, toq~thK with ~ receipt fw tha pr~mium of svth renewai; and thers shatl b~ no fin w windstorm inwr~nce pl~pd on any of aid build~nps, aoy i~tereit tMrtin or p+rt tMrwf, unleu in the fwm'and with tM lou p~y~bk as ~fatisid; ~nd in th~ ~v~nt any sum ~ of mon~y becoma p~yabk under ~uch policy a policies said MORTGAGEE ihall I~w tM optan to ~ece~ve and apply the s+m~ on acco~mt o~ tM ind~bted- ntss ~ecvred Fw~eby a/o permit ~aid MORTGAGORS to rcceive ~nd us~ it a•ny put therao( fa onc~r purposes, without Ihereb~ waiving a ~mpair- inp any puity, lit~ a riqht w+der w by virtw of this malyp~t +M! in 1M went said MORTGAGORS sMll fo~ sny ~eawn fail to keep the s~id pr~mises w iniu?ed, p i~il fo dtliver promptly any of said polities of insunnce to ssid MORTGACaEE, or tail ptomptly fo p+y fully any premium thaefo? o? in ~ny reipect f~il to perforrn, d~uMrge, execvte, eff~ct, compl~te, comply with and ~bid~ by tha cover?ant, a any psrt he~eof, said MORTGAGEE may p~~c~ a~+d paY for such inwranc~ or ~oy p~n thereof without waNinp o~ dfectinp any op~ion, li~n. equity. a riyht under a by virtw of thi• Mort~ape. and tM full ~moum of each and ewry such payrtant ihall b~ imrnediately d~N ~nd paysbN aod thall bea~ interest from ths dat~ thereof vntil paid M tM rate oi n~n~ pa centwn pN annum ~nd ~ogether with sucA inte+est shsll be secured by the lien of this mwtp~pe. To pumit, cann+it or suffer no wsst~, tmpa'ument or deteriw~tion of taid property w any parl thereof. 5. To pay aH ~nd singular the.costs, chupes snd expenses, includiry s reasonable ~ttorney's fee s~+d cosn of abstracts of tit~e, incvrred or p~id ~t ` sny time by said MORTGAGEE, becaus! or in the ev~nt of the failure on the part of the isid MORTGAGOR to duly, prompNy ~nd fully periwm, dixharge, execvte. ~(fed, complet~, ~mply wlth and abide by each and every the sYipulations, agreements, conditions, ~nd mvenants of said promiswry note and thw morty~ye any or ei~her. and sa~d costs, charpes aod expentes. each and every, thall be immcd~ately dw snd payable: whethe? w not there be notice d~ mand, mempt :o collect w suit pend~ng; u~d tM f~ll snwunt of each and wery wch paymem shsll bea. interest from the date thereof until psid ~t tl+t ~ate of nine per centum per annum; and all said cdsts, charges a~d expenses incurred or paid, together with such interest, sFwll be setured by tiw lien of thiu mwty~ps. Q Th~t (a) in the event of any breach of this Mortgap~ w defwlt on the part of the MORTGAGOR, a(b; in the event any of si~d s~ms of money F1NlIfl ff~Q~fld f0 bQ not p~omptly and fully piid within ~hirty (30) days ne,ct aite~ ~he same uverally become due snd psyable, without demand or notice. ' or in the ewr~t each and ev the sti utio~s, sg~eemenn, conditions and toven+nts of sa~d omissor note ~nd th~s mat ' ery pu~ pr Y page ~ny w either are no1 iuly, promptly ard fully performed, dluharged, executed, effected, completed, compl~ed with and ab~ded by, then in e~ther a any iuch event t1.e sa~d ~g presah wm mentaned in said promissory note then remsining unpaid, with ineerest acuucd. and all moneys setured hereby, thall betome due snd p~y- eble forthwith, or there~f~e?, at thr option of said MORTGAGEE, ~s fvlly and completely as if all of the said sums of money were origir?~Ily ftipulated to be paid bn tuch day, anything in said promissory note a i~ this Mortgsge to the contnry notwithstsnding; and thereupon w thereafter at tF?~ option of said MORTGAGEE, without no~ice a dem~nd, suil at law w in equity, thereFwe or thereaher begun, may be prosecuted as if all moneys secvr~d hereby hed matured priq to ib institution. 7. That in ths event that at the beginning of or at any time pending ~qy wit upon this Mwtgage, a to foreclose it, w to refwm it, or to enforp payma~t of sny claims hcreuoder, said MORTGAGEE shall apply to the Coun having ju~isdrc~ion thereoi fw the appo~ntment of s Recciver, tuch Co~H shall FortFiwith appoiM a receiver of uid mo?tgaged property aU ~nd singulu, inclvd~ng all and singular the income, p?ofits, iuues and revenues (rom whatever source derived, each and every of which, i~ being ex~xessty urKlcrstood, is hereby matgaged as if specifically set fath and deuribed in the g.antin9 ~nd hsbendum clauses hereof, snd s~ch Receiver shall have all Ihe broad and effective funcnwn and powers in anywise eMrusted by a Cou.t to a Recciver, and such appointment shall be made by svch Court as an sdmitted equity and a m~ner of abwlute ri~ht to tald MORT6AGEE, N+d without reference to the adeqvacy w inadeqvacy of the vslue o~ the prbperty mortg~ged or to the sowency or ir?solvency of said MORTGAGOR or the defenda~n, and that such ?ents, profiri, income, iuues and revenues shall be appGed by such ReceivN accwdinp ro the lien or equiry of said MORTGAGEE and ~he practice of such Court. 8. To dvly, promptty and fully perform, diuharge, execute, effect, complete, comply with ~nd abide by esch and every the stipulations, ag~eemenq, conditaro and covtnsnrs ~n said promiuory note and th;s mortgage ut fwth_ 9. Thst in ths event the ownership of the mortgsyed premiscs, w any part ihcreof, becomes vested in a penon other thsn the MORTGAGOR, th~ f MORTGAGEE, in successors and ass~gns, may, wi~hout notice to ~he MORTGAOR, deal with such successo? a successor in interest with reference to thi~ matgage and the debt hereby secured in thp same manner a3 with Mortgagor without in any way vitiating p distharging the Mwtgagon' liability hertr under w upon the debt hereby setured_ No sale of the premises hereby mortgaged and no forbearante on the pa?t of the MORTGAGEE w its i~ctessws w auigns and no exrension of the time fw tFK payrrxm of tFx debt hweby secured given by Ihe MORTGAGEE or its successors oi auigns, shall operate to release, d~scharge, modify change a affect the orginal liab~l~ty of ~he MORTGAGOR herein, either in whok w in put. 10. It is specifically agreed that time is of the essence of this contract a~d that no waive? of any pbligation heteurxJer or of ths obliyatioo sa- n.red hereby thsll at any time thereafter be held to be s waiver of the terms hereof a of the instrwneM secu~ed he?by. 11. In add~tion to the forego:ng moNhly payments of prin~ p~l snd inrerest reqvired by the promissory rare secured hereby, mortgagor covenants and sgrees to pay to moragagee with each monthly payment an addi~ional sum estimsted by moregagee to be eqval to 1/12 of the annual cost of the follow- ing: 4 A-A~I real property taxes levied w assessed against the above described real estate. . B-Premiums on fire and windstorm insurance as herein requ~red fo be carried on the improv~nts sitvafe o~ the above described premises. C-Premiums on such mortgage guaranty insurance as mortgagee shall trom time to time deem fit to csrry on the~ban secured hereby. Mwtgagee shall from time to time notify mortgagor in writing of the amount due and payable h~reunder and such sum shall thereupon be due ~nd payable on tIx due date of the next monthly payment and each successiv~ month thereafter urtil mortqsgee shall nolify mortgagw of a change in such amount_ Such sums shali be applied by mortgagee toward tF~e paymenf of real propeny tax~s, irtsura~ce prem:ums, and mortgage g aranty insur~nca pr~miums. IN WITNESS WHEREOP, the seid MOR AGOR has hereunto set his hand and seal the day s ar first aforesaio. Siyned, Se ed a deliver~d in tF?r, e f: ' , `Jt +4 i i . Se+O ~ i - ' STATE OF FIORIDA 1 ~ courm oF St . Luc i e ~ i ~ ! 8efore me penon~lly sppeared Arthur N ~hma12 •nd ~ Bet tv A• $C~1ID312 his wife, to me well known and known to me to be ~ the individuab dexribed in ~nd who e:ecuted the foregang instrument, and adcnowledged before me that they executed the same iw the purposes ; r~?~~, exP.~d. a,d r~ said _ BettY A. Schmalz ; wife o1 the s+id Arthur N. $Chfid12 opun a sepsrate and privat~ F ex~mination by me takm separate and apart from her said husband, ~ck++owledged to and before me that ahe executed said instrument freely u~d votun- ra~ily aod without ~ryr compulsion, constraint, apprehens~on, or of or from her taid husband. , ; WITNESS my hand ind official ieal this d~y o{ F bruar p p 19 : € ~ . ~ Notary Pubtic in e~d for the Siats of Fbrida ~t larye My Commcuan eapp~es: 2 G~~~ Ret~rn'To: ~ F~~~ f~derol Savings a~oa~ ,~~«~af;a, ~~~ED AND RECORDED ~v•^••~ JlNIC Ut f.....~JA MI L.+.~~,. Of Fort P~erce. $T. LUCIE COUNTY. FLAMY COMMISSION EdPIRES NOV, 46, 1971 FO/t Pierce, Florida R~.COnn V~RIFIED ~~D TNpUUGM FREO W. D~ElTCLH~iR9: ~ ` This instrur~~~~t prepzre~ hy 1640'7`7 € :~4`_.. First Feueral Sav. & Lvan Ass:~. 5 ~ ~ 33 ~ , • , ~ , a Y'. of F ~erce . '68 FEB ~ ' . ~ ~Y ~~~~h.~~~.G~ - t~ _ ~ ~zO~~P. %'OIiR4S _ ' r~ _ _ CLERK CIRCUIT COURT - ~ " ~ = ' BOOK 1( 0 PACE 10~3 ' . . - , s~~.. ~x~~;.~~,~,M,,~~~ „ _ w