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Home My WebLink About1446 ~ ; ~ ~ f 3. To plac~ a~d continuously keep on ths buildinys now or h~reaft~ sitvste on said tsnd eod on a11 equipment and pena?aliy covered by thit mort~ +g~, with all p~smivma fhereon paid in full, fire insuranc~ i~ ths us~~l ttanda~d poticy form, in a sum approved by the MORiGAGEE, snd win~htorm insurance in ths uswl aiandard pol~cy (am, in s tvm spproved by the MORTGAGEE, in s~ch compa~y or companiet as tM MORTGAGEE may directt ~nd all fire and wiodswrm insw+nce policiei on any of ss~ build~nps, any interest therein w part the~eof, in tM apyreyate wm ~faesaid o~ in e:teu thereof, shsll ca+tsin the uiual standard mort~ayee d~use a wch othsr clausa as Ihe Mwtysyee may require, makiny 1hs loss uoder ~aid polF cia, each and avery, payable to ssid MORTGAGEE ~s in intereit may ~ppear, and each and eve~y such policy shall be p~ompdy ~u:pned snd delivered to any heW by said MORIGAGEE u funher secvrity to said mortpape deb~, and, not leu than ten (10) days i~ advance of the expiration of each policy, to d~- liver lo said MORTGAGEE a renewal tFxreof, to9ether with a receipt for the pr~mium of svch ~e~ewal; and there shall bs no fire or windstorm insv~ante ptaced on ~ny of wid bvildings, any interest thereia or part the?eof, ~nleu tn tF~c fwm and with ths lou payable as siwesaidt a~d i~ tM event any sum of nwney beccmes payable under iuch policy a policies said MORTGAGEE thall havs the option to ~eceive and apply the same on accouM of the indebted, neu ucured he~eby w to permit said MpRTGAGOR$ to receive and uss it or a~y part fhereof for ot'r~er puaposes, without 1h.,eb~ waiving a~mpair• ing any equity. lien or ~i9ht unde~ or by virtue of this morlpagej a~d in the eve~t said MORTGAGORS shall fw any reason fail to keep the said premiies so insured, or fail to detiver promptly any oE said policies of insurance to said MORTGAGEE, w fail promptly to pay fully any premium therefw a in any respect feil 1a perlorm, discharge, execute, elfetf, complete, comply ~vitb and abide by this covenant, or any part hereof, said MORTGAGEE may plsce snd pay for suth iravranct or sny part thereof without waiviny w ~ffatti~g any opYron, lien, equity, w rigM under w by vinue of this Matya9e, and the full amovnt of each ~nd every :uch payment shall be immediatety due and payable ~~d shall bear inrere~t f~o~n the dafs thereoF until paid at th~ rat~ 01 nina per contum pe~ +nnum and together with such interest shall be sec~red by the lien of this mortgsge. 4. To permit, commit w wf(er no wute, impairment or deteraration of taid property o~ any part thereof. S. To pay all ~nd singulu the costs, charges a~d expenies, including a ~easonable attorney's fee a~d costs of abat?acts of title, incurred w paid at any tune by said MORTGAGEE, betause or in the event of the failure on the part of tAs said MORTGAGQR 1o duly, promptly snd fvlly perform, dixharge, executs, effect, comp~ete, comply with and abide by each and every the stipulations. agreements, conditions, and tovensnts of uid p~omiswry note and this mwtgage any a either, and said cosn, tharges and expertses, each and every. shalt be imnxdiately due and payable; whethe~ w ~ot there be rafice de~ mand, attempl to colkct a suit pend;ng; and the ful) amouM of each and every such paymeM shall bear interest from the date therepf ~ntil paid at the ~are of nine per centum per arnwm; and a!I said costs, charges a~d expmsta inturred or paid, together with svth imerest, sFwll be setured by the lien of this mortppe. l b. That (a) in the event of an b?each of this Mwt ± y gsge or default on the Part of the MORTGAGOR, or (b) in tF~e event any of said sums of money ~ herein referred ~o be not promptly and fully paid within thirty (30) days next after the same severally become due and payable, withou~ demand o~ notice, or (c) in the event each and every the stipulations, agreements, conditions and covenants of said promiuory note and th~s morlgage any or either are nol ~uly, promptly and fully perfo:med, d~xharged, eaecuted, effected, completed, complied with and abided by, fhen in ei~her or a~y such event fhe ssid ag E gregate wm mentaned in said promiuwy note the~ remaining unpaid, with imerest aarued, and afl mo~eys secured hereby, shall betomt due and payr ! able forthwith, o? the~eafter, at the option of said MORTGAGEE, as fully and completely as if all of the said wms of money were originally at~p~fated , to be paid on such day, anything in said promiuory note or i~ this Mortgage ro the contrary notwithstanding; and thereupon or thereafter at the option of said MORTGAGEE, without norice o~ demand, suit at law or in equ;ry, therefwe or thereatte? begun, may be prosetuted as if all moneys soc~red hereby had matured pnor to its institution. 7. That in the event that at the beginning of or at any time pending any wit upon this Mo?tgage, or to fweclose it, w to reform it, or to enforp payment of any claims he.eunde~, said MORTGAGEE shatl appfy fo the Coun having jurisd~ction thereof to: the appointment of a Receiver, such Cowt sl~all forthwith appoint a receiver of said mortgaged prooerty all and singular, includ~ng all and singular the income, profits, iuues and revenues from whatever source de~ivcd, each and every of which, it being txpressly understood, is hereby mortgaged as if spec~fically ut forth and described in the ~ranting and halxndum clauses hereof, and such Receiver shall have all the broad and effective funa~ons and powers i~ anywise entrusted by a Courf to a Receiver, and such appointment shall be made by svch Court as an admitted equity and a matrer of absolute right to said MORTGAGEE, and withoul reference to the adequacy w inadequacy o` the val~e of the proper~y mortgaged or to the sowency or insolvertcy of said MORiGAGOR d the defendants, and that iuch rents, profits, irxome, iuues and revenuts shatl be applied by suth Receiver according: to the lien or equiry of said MORTGAGEE and the p?atlite of such CouA. 8. To duly. promptly and fully perform, dxharge, execute, effett, complete, comply with and abide by each and every fhe stipulations, agreemenb, condilans and covenants in said promiuwy note and this mortgage se1 fo?th. 9. That In the event the ownership of the mortgaged premises, or any part thereof, becomes vested in a person other fhan the MORTGAGOR, ths MORTGAGEE, in successo?s and auigns, may, without notice to the MORTGAOR, deal with such succeuor w successor in interest with reference to this mortgage and the deb~ hereby secured in the same manner as with Mo?tgagor without in any way vitiating or discharging the Mortgagora' liability here, unda w upon the debt hereby secvred. No sale of the premius hereby mortgaged and eo forbearance on 1he part of the MORiGAGEE or its successors ~ or augns and no extension of the time iw the payment of fhe debt hereby secured given by the MORTGAGEf or its suttessots or aasigns, slxll operate f to releue, discharge, modify change or affcct the original liability of the MORTGAGOR herein, either in whole or in part. 10. h is specifically agreed that time is of the essence of this contracl and that no waiver of any obligstion hereunder or of the obligation se- cured hereby shall at any time tF~ereafter 6e held fo be a waiver of the terms hereof qr of the instrument setured herby. 11. (n add~fio~ to the fo•ego:~g monthly payments of princ'pal and interest required by the promissory note secured hereby, mortgagor tovenants and agrees to pay to mortgagee with each monthly payrnent an addi+anal sum est~mated by mortgagee to be equal to 1/12 of tF?e annual cost of the follow- ing: A-All real property taxes tevied or assessed against thc above destribed real estate. 8-P~emiu~rrs or? f;re and windstorm insurance as herein requ~red to be carried on the improveme~ts sit~ate on the above desaibed p~emises. C-Premiums on such mortgage guaranty insurance as mortgagee shall from time to time deem fit to tarry on the loan secured hereby. Mortgagee shall lrom time to time notify mortgagor in writing of the amoun~ due and payable hereu~der and such wm shatl therevpon be d~e and payable o•~ the due date of rhe nexr mo~thly payment and each svccessive month thereafter urtil mortgagee shall ratify mortgagw of a change in such amount. Such sums shall be applied by mortgagee toward the payment of real property taxes, insurance prem~wns, and mo?tgage guaranty insurance premiums. f IN WITNESS WHERcOF, the said MORTGAGOR has hereunto set his hand and seal the day and year first afwesaid. , Se~led and liv in the presence of: ~n _ ~ ' ' ~ s~•n ~ STATE OF FLORIDA ~ couNnr oF St. Lucie Befpe me penoawlly appeared AlfZed H. Si4c7 and Louise D. $1~ his wife, to me well known and krwwn to me to bs the individwls dettribed in and who executed the foreyvinp instrument, and acknoMrtedged befwe me that they executed the same for the purpwes therein expressed. /4~d the said LAUise D. Si¢g wife of ths said - Alfred H. S].a9 upon a separate and pi~vat~ examination by me taken xparate and apart from her said hvsband, ~cknowledged ro snd before me that she execvted sald instrument freely and volun- rarily and withouf aoy compuliion, constraint, appre h eraion, (ear o f or from her sa;d husband. WITNESS mp iwnd snd official seal thi day of N ember ~ a o. 19~ ; • , - . ,t~ ~t' . Notary Pubtic in and iw the State of florida ~t Lary~ ' : ~ : • ~ ANp a~,~Oit~FLA '"Y ` ~.ry ev~: s~ ~ ~ ~e e~. o fint Fede~il`~ ~'3• ~~a?p~ F~~E ~~yE ~OUNj~ ~p tiAy Can~tKSSio~ E=pKes Sept. 23. 1969 ' F ~t°" ~°"eha ST• ~ r, n~{~ V E RCJ1O ~«e.~ a a. ~ c.w.rr c.. ~ort Piarce. Fla'da . }Z . ~.y `JC'~~ ~„I~ . • ~ ~ ~ ~ !2' 22 . . N~ ~ This Instrume~t~~repared By ~e First Federa) Savi~gs b loan Association of Fort Pierce R~ pOfT C~VR .I. Collins Cl-ERK G~R~V~T T Checked 8y aooK174 P~1442 ~ 1 Y~ • f, ~ / u r ~.~T~ ~ ~f