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Home My WebLink About1160 To plac~ and continuously k~ep on tM buildings now or iiae+fte~ ~itwte o~ said land and on +11 equipment ~nd penonally covtred by this matp~ ap~, with all prtmiu~+if ~herton psid in full, fire insurance in the usual standard policy fam, ~n • sum approved by the MORIGACsEE, ~nd windstam ie?funoc~ in 1M usw) standard poi~cy fart?, in a sum ap{xoved by iM MORTGAGEE, in such comp+ny w comP+n~~s as 1M MORTGAGEE may d'u~ctj and •11 fir~ ~nd w~~+dirorm insuranct policie: on any of tsid bvild~nps, ~ny intt~~~t tMrein w pa?t thtreof, in the ap~~epate sum afa~ukJ or In ~xceu ~hereof, ihall contain the uswl st~ndard matgsge~ cl~uss a such other clauss ~s tM Nb?tysgee may ~cquir~, makinp ~M toss uode~ ~aid po1F ci~s, ~ach ~nd ~very, payable ro s~id MORTGAGEE as its interett may apptar, and each u+d every ivch policy shall b~ promptty ~u:yned and delivered to ~ny F~eld by said MORiGAGEE ~s Furthe+ securiry to said mort~ay~ dcbt, snd, not leu tM~ ten (10) days in advance o4 ths expiration of each policy, to d~- IivN fo s+id MORTGAGEE a renewal thereof, toQetF+K with a receipt fot the premium of s~th renewalj and tMr~ shsll bf ~O fite o~ windslo~m insurante plKtd on any of aid buildings, ~ny interett therei~ ot part tMreof, unleu in the fwen'~nd with tM lou p+Yabk a: aforesaWj and in the evenl any tum of morwy becanei payable v~dcr sucA policy w policies uid MORTGAGEE aMll 1?~w tM optan ro receive +nd +pply tM s+m~ on +ccouN oY tM ir+debted- mp secvr~d hNeby o~ ro permit said MORTGAGORS to reteive and us~ it w any parl thereof fw othc? purFoses, without thereb/ waivi~y or ~mpair- inp sny puity, lien w ripht vnder o~ by virtw of this mortp~gr, +nd in tM ~vent ssid MORTGAGORS shall fw any reason fail to keep the isid premises w insured, w fail b d~liver promptly any of said policies of insunnu to s~id MORTGAGEE, w fail promptly fo pay fully any p?emium therefor or in any r~spect fail ro perfo~m, diuharge, exet~te, ~ffect, complete, tomply with u~d abid~ by this covenant, w any psrt hereof, said MORiGAGEE may plsce •nd p~Y Ew such inwranc~ or any parl tF+ereof w~thout wstvinp w affectinp any option, lien, eq~~ty, w rigM under or by virtue of this Martpape. and the full amount of eath and every such payment sh~ll be immediately dw ~nd p~y+bls ~nd ihsll bear interett from ths dats thereoi ~ntil paid a~ the rat~ of nins pa csntum per annum and together with tucA interest ihall be securcd by tF?e IiM of this mortgsge. 1. To ptrmit, oomnut or suffer no watts, impairment or detaioratio~ of said property w ~ny p~A thereof. 5. To psy all snd t~ngulu the.coats, charges snd expense~, includiny a reasonable attorney i fee snd costs of abstracts of title, incvrred w paid at any time by sa~d MORTGAGEE, becauss or in the event of the failure on the part of the said MORTGAGOR ~o duly, promptly and fully perfwm, d~scharge. •:ecvte, eifec~, comptete, comply with and ab~de by each ~nd every the stipulations, agreements, conditions. and covenants of said promissory ?wte and this rtwrtgage any or ei~her, and said costs, charpes and expen~es, esch and every, iMll be immediately due and payable; whNher a rwt there be notice de mand, ~ttempt :o collect or iuit pend~ng; and the full amo~nt of each and evcry svcfi paymem ihall besr interes~ f~om the date thereof until p~id at the rate of nine per centum per amwm; and all said costs, charges and expenus incvrred p psid, together with such interest, ihall be secured br tM lie~ oi tha mortp+yt- e. TM1 (a) in the event of any breach of this AAatgaye o? default a~ the part of the MORTGAGOR, or (b) in the event ~ny of ~s~d sums of moMy herein refe~red to bs not promptly and (ully paid within thirty (30) days nex~ after the same severatly become due and payable, without demand o~ notice, w(c) in tl~e everlt esch ~nd every the stipulatio~s, sgreements, conditions and covenants of sa~d promiuo~y note and th~s mortgage ~ny a eithcr are nof ~uly, prompNy a~d fully perfamed, d~scharged, executed, eifeded, completed, complied with and ab~ded ~iy, then in either w any s~ch event the said ag qre~at~ wm mentioned in said promissory note thtn remaining uopaid, with iNerest accrued, and all moneys setured hcreby, shall become dw and pay- abl~ f;rthwith, Ot tlftrNffN, at the optior? of said MORTGAGEE, as fully and comple+e~y as ii all of tF+e said wms of money wcre wiginally s~~pulated to be pa~d on such day, anything in said promissory note or in this lNortg~ge to the contrary notwithstanding; and ~hereupon w thereafter a1 the option of •aid MORTGAGEf, without ~ot~e a demand, wil at law or in equity, therefwe or thcreafrer begun, may be prosecuted as if ~il moneys secured hereby had matured ~Wr to it~ institution. 7. Thaf io the event that ~t the beginning of w at any time pendirg aoy suif upon this Mortgsge, w to faeclose ib or to reform it, or to enforce p:yment of any claims hcreunde~, said MORTGAGEE shall apply to the Cour~ having jurisd~aion thereof for ~he appantment of a Receiver, such Court shall FortFiwith ~ppoint a?ecei~rer of said mortgaged property all and singula?, includ~ng alt and singvtar the income, prolits, issues and revenves from whatever wurce derived, each ~nd every of which, it being expressly understood, is hereby mortgaged as if spec+iically xt fwth and desaibed in the gr~nting and '~abendum cl~uses hereof, and such Receiver shall have all the broad and ef(ective funu~ons and powen in anywise emrvsted by • Court to a Receiver, and such appointment shall bc made by such Court ~s an admitted equiry and a rt+a~ter of absolute right to said MORTGAGEE, and without reference to the ~deq~aq or in+dequacy of the wlve of the properry mortgaged or to the sotvency w insolvency of said MORTGAGOR w the defendann, and that such rents, profits, income, issues s~d revenues shall be applied by such Receiver accord~~y to the lien or equity of said MORTGAGEE and the pradice of s~ch Court. 8. To dulv, p~omptly ard fully perForm, diuharge, execute, effect, completc, comply wi~h and abide by each and every the slipulations, agreerrKnts, conditions snd covenanrs in aa~d promissory note and this mortgage set fath. 9. That in the event the ownenhip of the mortgaged premises, a ~ny psrt thercof, becomes vested in • penon other than the MORTGAGOR, the MORTGAGEE, in svccessors and suigns. m+y, wifhout ~otice to the MORTGAOR, deal with such successw or successor in inte~est with reference to this rtartgage ~nd the de61 hereby secured in the same mannet as with Nbrtgagor without in any way vitiating w diuharging the Mortgagon' liability here- under ot upon the deb~ hereby securtd. No sale of the premises hereby mortgaged and no forbearante on 1he parl of the MORTGAGEE w its successors w assig~u and no ea+ension of tAe time for the payment of the debt hereby secured given by the MORTGAGEE or its successon or au+gns, shall operate ro reletse, discharpt, madify change or affect the original liability of the MORTGAGOR herein, either in whok w in part. . 10. It is spetifically agreed that time is of the euence of this contract and that no waiver of any obligation hereunder or of the obligation se- a.red hereby sMll at any time tF~ereafter be held to be a waiver of the terms hereof w of the inslrument secured herby. 11. In add~tion to the iwego:ng mw+thly payments of princ'pDl and interest required by the promissory nore secured hereby, mortgagor covenants and agrees to pay to mortgagee w~th each momhly payment an add~~ional sum es+~mated by mortgagee to be equal to 1/12 0~ the annual cost of the follow- ing: A-All real property taxes kvied w assessed against the above described real estate. B-Premiums on fire and windstwm insu~ance as herein requ;red to be carried on the improveme~ts situate on the above described premi:es. C-Premiums on such roortgage guaranty insur~nce as mortgagee shall from t~me to time deem f~t to carry on the loan aecured hereby. Mortgagee shall from time to time nofify mo~tgagor in writing of the amount due and payable hereunder and such sum shall thereupon be due and payable on the d~e date of the next monthly payment and each successive month thereafter ur.tii mortgagee shall notify mortgagor of a change in suth amo~nt. Suth fums shall be applied by mortgagee toward the payment of real property taxes, insurance prem:ums, and mortgag guaranty insurance ~lrtliVRlf. IN WITNE55 WHEREOF, the said MORTGAGOR has hereunto xt his hand and xal the day and ear first aforesaid. Se+kd and delivered in the of: ~ i ness ~ ames W. ut er an +n i _ (Sea4 + ~ ' (Seaq ness i ian . u er an ~s~.q STATE OF FLORIDA ~ ~ ~ ' , , . ' . St. Lucie COUNIY OF • " e~twe ~ .n a ared James W . Suther 1 and - ~ ' ~ ~ . - : r P~ . t?d. . . _ - Li 11 i an P. Sutherland his wife, to me well krwyrn e0d known fo me to !is _ ~ ~ fhe (ndividuals described in and who executed the fwegang instrument, and scknowiedged befwe me that they executed ~hr same fo? the purpoie~.. rt?e.ein exp.es,ed. a,d rhe sa~d Lillian P. Sutherland 4 ~ : : ~ James H1. Suther land ~ a>s .t~ ~~d qlhr wife o1 the ssid u e~? ex~mination by me taken separate and apart from her said husband, sduwwledged to and befwe me that she executed said instrurt~( ff}fjY-~('~d vpllifr tuily and without u~y compulsion, constraint, apprehenslay/or fear of w from her said husband. ''~~.,.,....,•~T. da of Februar A. D. 19 68 WITNESS my hand and officisl seal this y FILEO ANO RE Notary Public in a~d fw t tate of Fbrids at ler~e ST. LUCIE COUNTY, FLA~u?,, ca,?m~:s~ ~x~~~: eer~r~ Ta .~'cECOR~ VF~IF~ED Fint Federsl Savingt a loan Associat~on NOTARY PUBUC, STATE d FLORIDA d LARCE Of Fort P~erce. MY COMMISSION EXPIRES DEC. 16, 1968 ~ AM 10 . 5 9 fort Pierce, Florida ~68 f E6 • This instrument prepared hy 164123 First Federal Sav_ & Loan Assn• f;Q;;rn ~~otiTRNs of Fort Pi ~c~ ' CLERK C RC I? COURT By ; BOOK1~~ PACE11~Jli -,4 ~ ~ ' ~ r%~- y ~ ~ ~ ~ ~ ~ ~ `''s V r ~ _