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Home My WebLink About1641 ~ . 3. To placy ~nd continvousy ke~p on tM bui~dinps now or Mreah~r dwat~ on saW land arid an all aqulpmenl u~d p~nonally covKed by thh mort¢ +p~, with all pr~miumt thersoo ps;d in full, fir~ insu~~nc~ in tF~ uswl ttandud policy fwm, in ~:um ~pprov~d by tht MORTGAGEE, and wi~to~m inswu?c~ in tM uswl aHnda.d policy fa~r~, in a svm ~pproved by tM MORTGAGEE, in such compu?y o? comp~~ies as tl~e MORTGAGEE may dinctj and a11 fir~ and wiodsronn inwranq pol;cies on any of said build~ny~, any int~r~st ther~in or w~t 1l+ertof. ie tM sy~rey~~e wm afor~ssid a in ~xceu therwf. shsll contain the tn~sl ua~+dud matgagee cl~uss w iuch other cl~us~ u tM Mortpa~s m~y requir~. makinp tF?~ loss wxla said polb cies. e+cb and every. p~Yabk ro~id MORTGAGEE a~ in intero~t may sppear, and each and eve.y ~uch policy sh~ll b~ promptly ass:yned and delive•ed ro a~y Mld by said MOR~GAGEE as funhe? security to said mortyay~ debt, ~nd, not leu tha~ ten (10) days in advance of ths •xpir~Y~oe~ of each policy, ro d~ live? ~o said MORTGAGEE a renewal tM~eof, topetMr with a ~eceipt fw the pr~mium of suci~ renewalj and thero sh~il be oo firo w windstorm inwranc~ Plaoed on aoy of sa+d buildings, any interest ?hsr~;o a part thereof, unku in the iam and with tM loss payabk ss afonisid; ~nd in ti+~ event any ~um of rtwney becon+es psyable u~dsr such poliry oe policie~ said MORTGAGEE shall h~ve ths option to receivs and spply ths ssme on accovro of the indebted oess ienued hersby p to permif isid h{ORTGAGORS to reoeiw and tn~ !t or any pa~t thereof fa othe~ purposes, withouf thweb~ waiving w impair in~ any puity, lien or right under a by virtw of tha mortys~e; s~+d i~ ths ~vent said MORTGAGORS shaU fw aey reason iail to keep tM s~id premiset so ins~red, or fa11 b deliver promptly sny of said policies of inwra~xe to uid MORTGAGEE, u fail promptly to pay fully a~y premivm the~efw p In any ?eipact (ail b pafo?~, dlschugs, exet~ts, effeq, complete, comply wtth snd abide by thi: covenant. or any pan hereof, said MORiGAGEE may pl~te and pay fw tuch irowa~ce w~oy part thereof witFaut w~ivinp or affactinp u~y opt~w~, lien, eq~ity, w rigM unda or by virtue of this Mortg~e, and the fvll amouM of sacl? and ~very such payment shall be immediately dw and paytWe and slwA besr lnteresl from ths daf~ thereof tx~til paid af tM rat~ of nine par ceotum pe~ annum ind together with such interest =hall be secured by tl+e lien of this mwtgage. 1. To parmit, commit or suffer no wute, impairmeM ot deterioration of said property or any part thereof. 5. To pay all and sinpulu the cosn, cM~es and expsnses, uxludirg a reasonabk attorney's fee and costs of abstracri of ti1(e, incvned w p~id at eny time by said MORTGAGEE, betause or in the tvent of the failure on ths pa» of tha said MORTGAGOR to duly, promptly ~nd fully perform, dixhar94 execute, effect, compl~;~~ comp~y wr;th and ab~de by each ~nd every tAe stipulat~ons, agreements, conditions, and covenanb of wid promisswy ~ote ~nd thii mortgape any a either, and wid costs, chuges and expenses, each snd every, sMli be imrt~ediately due and payable; whethe? o~ not there be notice da ms??d, attemp~ ro cotkct or sult pending; and the full amount of each and every such payment sMll bear interest from the date thereof uritil p~id at th~ rate o( nine per centvm per an~wm; a~+d all said costs, charges and expenset incurred w paid, togelher with wch anterest, shall be sscvred by ths iien ot thit mort~ape. b. Thaf (s) in ihe ~sven! nf any breach of this Mortpaqe or defa~h on the part of the MORTGAGpR, or (b) in the event any of ssid swns of nansy herein referred to be not promptly and fully paid within thirty (30) da•~ next afte~ thc same severatly become dve a~d payable, withoW demand a notice, or in the aveM each ~nd every the stipula~iau, agreeme~n, conditions and covcnsnq of sa;d pomiuory note and th~s ~r:ortgsge any o? either a~e not iuty, promptly and i~lly performed, dischsrged. executed, effected, compkted, canplied with and abided Sy, then i~ either w any such event the said ag gregate wm mentwned in said ptomiuory rate the~ remaining unpaid. with interest atuued, and aH moneys setured hereby, shal! become due and pay- able fathwith, or thereafter, at the option of said MORTGAGEE, as (~lly and completely ai if all of ~he wid sums of money were wigin~lly stipul~ted to be paid on suth day, anything in said promiuory note or i~ this Mortgage to the tontrary notwithstanding; and thereupon or thereafter a1 the option of said l1AORTGAGEE, wirhout noriee or demand, svit at law or in eqvity, lherclwe w lheresfter begun, may be prosecuted ~s. if sll moneys secvrsd hereby had rt?itured prior to its ir?stitution. 7. That in the event that at the beginning of w a1 any time pending any wit vpon this Mortgsge, or to foreclose it, w to ~eform h, a to e~forte payment of any claims hNeunder, said N10RTGAGfE shafl apply ro the GovA having jurisdittion fhereof fw the appoinfinent of a Reteiver, c;,,;th Court shall fwthwith appoiM a receiver of said mortgagad property all and singvla~, includ~ng all and singular tM income: ~profib, iuues and reyen~es from whatever ~urce derived, each anc! every of which, it beinp expressly vnderstood, is hereby mortgaged as ii speci/icatty. ~ef fbrth. and desaibed' in the grantin~ and habendum cbuses hereof, and such Rcceiver shall have all 1!K boad and effective functions and powen in anywise eMrustBd by a Court to a Receiver, and such appointment ahall be made by such Covrt as an admitted tquity and a matter of absolute right to said AlIO~tTGAGEE, and withoul reference to the adeqvacy or inadequacy of the value of rhe properfy mortgaged or to the solrency or Fnsolvency of seid MORTGAGOR w the defendann, and that such rems, profits, incorne, issues and ~evenues shall be applied by such Receiver according to the lien or equity of said MORTGAGEE and the practice of such Coutt. 8. to duly, promptly and fvlly perform, ~stharge, execute, effect, complete, comply with and abide by each and every the stipulations, agreements, cond~tions and covenants in said promissory note ar?d this mortgage set fath. 9. Th~f in the event the ow~ership of the mortgaged premises, or any part thereof, becomes vested in a person othet fhsn ths MORTGAGOR, 1M MORTGAGEE, its successws and ssigns, may, without notice to the ktORTGAOR, deai with such successw or svccessw in inrerest with roferarKe fo this mortgspe and the debt hereby secured in the same manner as with Mortgagor witAouT in any way vitisting d diuharging the Mortgagors' li~bility hera under or upon the debt he~eby secured. No sale of the premius hereby mortgaged and no forbearance on the part of ~he MORTGAGEE or its successon or assigns and no extens~on of the time for the payment of the debf hereby secured given by the MORTGAGEf or its successon o? assigns, aha11 operate ro re~ease, discF~arge, modify change or affect the wginal liability of the MORTGAGOR herein, either in whole or in part. 10. It is speccfically agreed that time is of the essence of this contract and that no waiver of any oblEgat~on hereunder or af the ob~igaYan se- cured hereby shs11 at eny time thereafter be held fo be a waiver of the ferms hereot d of the inshumem secured herby. 1~. In add~tion to t1~e fwego'ng monthly payments of princ'pal and interest required by the promiuory note secured hereby, mortgagor covenants and agrees to pay to mortgagee with each monthly payment an addi~ional sum est~mated by mortgagee to be equal to 1/12 of the a~nual cost of the follow- ~ng: . A-All real property faxes kvied or assessed against ihe above deuribed real esfata B-Premiums on fire and windstorm insurance as herein requ~red to be carried on the improvement= situste on the above desuibed premises, C-Premiums on such mortgage guaranty insurarKe as mortgagee shall from time to time deem fit to wrry on the loan secured hereby. Mortgagee shatl from t;,ne to time notify mortgagor in writing of the amount due and payable hereunder and such sum shafl thereupon be dve and payable on the due dare of tbe next monrhly payment and each successive month thereafter urfit mwtgagee shall notify mortgagw of s change in wch amovnf. Such sums sF.a!1 ye applied by mptgagee toward the p~yment of real property tazes, insvrance prem:ums, and mortgage guaranty insurance p~emiurtcs, IN WITNESS WHEREOf, the said MpRTGAGOR has hereunto set his hand and seal the day and year fint aforesaid. Sip Sealed and d iver ' tht presence of: . 1-L~L~~ f~.vN~1t ' ze anner, some imesTno~in s - I saac Banner ~ enne e anner n STATE Of fIORIDA ~ ccurm oF _ St. Lwcie defw~ me pe~iwu~~y app~ared ~zell Banner. sometimes known as Isaac Banner Lermette Banner his wife, to me well known and known to me to b~ the ~ndrvdwb deacribed in ~nd who ~xec~ted the foregoiny inst~ument, and actcnowkdged befue ms that tf~ey execvted the same iw tM pv~poses d+erein eup..ued. nnd rhs se~d Lennette Banner e~ram~naYM ~~d I2ell Banner, sometimes ICI10Wri aS IS~C Bal'lll@Z ~~~,~fs and p?tvat~ we?'~'rr~'1~II6M,Kparat~ •nd apsrt frorn Fier uid husbar?d, aduwwledped to ~r+d befa~ m~ that ihe executed said in~trument heely and volwr rarilr ~wl w?1~~qit ~jc~gubion, consbaint, ~ppreFNnsion. or f~ar of or from her said husb~nd. „wd?+~ESS my ft~nd (~1'offKial ...1 this /D d.y ~ l ~ /t D. 19 68 ~ ~ , ~ - FILEO ANO RECOROED ary Public in .~a ~a rh. sf,~. ~ Fb.~a. .r e~.~. ' ~ Rewm T ~ ' S I.UGIE COUNTY. FLA. Mr ~^~^~u~«+ .X~?e,: ~ ~ ~ F;rtt ."l~d~al! s~virgs ~~/?uodar~«? F: i. C(? ` FJ,F t E D , N~Ury 1969 ~ t ' ~.'7~~$fi c~ ~ Of o~ P»TU: ~M fw • ' :~F~t Ria~te, f~prida 'S8 NOV ZS t~.M ! i: 36 • - j~rr9~ This Instrument Prepared By ~0 t~ ~0t i RAS First Fcderal Savings ~ loan Associatior~LERK C1RCUIT COURT of Fort Pierte Chedced By John W. Collins aooK 17'4 PaCE1637 ~ - cf ,