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Home My WebLink About2680 i ~ , , , ~ : ~ ;t~..i'~ 1 3. To pl+ct and contin~~ly keep on ths buildings now or hereaft~? ~ituat~ on ssid I~nd and on all equipme~t and personally covered by thi~ mon~ sg~, with dl premiums thereon paid in tul~, fire insurance in 1he usual standa~d policy torm, in a:um approved by Ihe MORTGAGEE. +~d windstwm insurante in the uswl s~andard pal+cy fwm, in a sum approved by Ihe MORTGAGEE, in such compa~y or tompanies as the MORTGAGEE may di?ect1 ~nd all firs and w~ndstorm insura~te politiei on +nY of taid build~r?p~, any interast therei~ or parl thereof, in the aygregate sum aforessid w in excess thereof, ihall contain Ihe usual standard mwtgsgee tla~se or such other clause as the Matgagee may require, making the lou unde~ said poli~ cies, escl~ and everyr, payable ro said MORTGAGEE ss its intereil may appear, and each and every iuch policy ~hall be promptly ass:yned and delivered to any held by said MORTGAGEE as (urther security to said mortgage debt, and, oot leu than ten (10) days in advance of the expiration of each potity, to da 17ve~ to iaid MORTGAGEE a renewal thereof, topetAer with a receipt (or the premium of such re~ewal; and there shall be ra fire or windsto~m Insu~ance t plsced on a~y of said buildi~gs, any inlerest thtrein or part thereof, unless in the fo.m and with the los~ payabte as aforesaid; and in Ihe event any sum ~ ot money becomea pay+ble under auch po~ity or po~~c'wf said MORTGAGEE shal! have the optio~ to receive and apply the ume a+ account of the indebted- ~ nesa setured heteby or lo permil said MORTGAGORS to reteive and uie it p any part lhereof (or oihcr purposes, viithout th:reb/ waivi~ig or ~mpair- ;ng any eq~;ty, lie~ or righ~ under a by virtue of this mortyage; and in the evenl wid MORTGAGORS shall iw a~y reawn fail to keep the said premius so , insured, or fail fo deliver promptly any of said policies of insurante to said MORTGAGEE, or fail promptly to pay fully any premium therefor or i~ any i resped fail to perform, discF?arge, execute, effect, complete, comply with and ~bide by this tovenant, or any part hereof, said MORTGAGEE may place snd pay fw suth insvrance w any part thereof without weiving ot affetting any option, lien, equity, or right unde~ ot by virtue of this Mwtgsge. +nd tht iull amount oi each and every such payment shall be immediately due and payable and shall bear interest from the date thereof until paid at the rate oi , n~ne per centum pe~ annum and toge~her with such interest shall be secured by the lien of this mortgage. ~ 4. To permit, tommit or suffer no waste, impai?ment w deterioratio~ of said property w any part fhereof. ; S. To pay all and singular the costs, charges and expenses, including a reasonable at~wney i fee and costi of abstracts of title, incurred w paid at any time by said MORTGAGEE, betause a in the event of the failure on the part of the said MORTGAGOR to duly, promptly and fully perform, d~xharge, execute, etfect, complete, comply with and ab;de by each and every the atipulations, agreements, conditions, and covenants oi said promissory note a~d this mortgage a~y w eiiher, and said costs, charges and expenses, each and every, shall be immediately due and payable; whether or not there be notice da mand, at~empt to colled ar suit pending; and tha full amount of each and every such payme~t shall bea? interesf irom the date thereof until paid at the rate of nine per centum per annurn; an:i all said costs, charges and expensea inturred w paid, together wdh :uch interest, shall be secured by the lie~ of thii mwtgaye. - ' 6. That (a) in the event of any breach o( this Mortgage or default on the part of the MORTGAGOR, or (b) in the event any of sa~d sums of money herein referred to be not promptly and futly paid within thirty (30) days next after the same severatly become due and payable, wilhout dema~d or notica. or (c) in the event each and every the sfip~lations, a9reements, conditions and covenants of sa:d promisso~y note and th~s mortgage any w either are not ~uly, promptly a~d iully performed, dixharged, executed, effected, completed, complied with and abided 5y, then in either or any such event the said ag gregate s~m mentioned in aaid promissory note then remaining unpa~d, with i~!erest accrued, and all ~noneys secured hereby, shall become due and pay- able forthwith, w thereafter, at the option oi said MORTGAGEE, as fully and completely as if atl of the said sums of money were aiginally stipulated to be paid on such day, anything in said promisswy note w in this Mortgage to the contrary notwithstandi~v~; and the~eupon a thereafter at the option of said MORTGAGEE, without notice or demand, suit at law or in equity, therefore or therea(ter begun, may be prosecuted as if all moneys secured he~eby had matured pnor to ~1s institution. 7. That in the event ttiat at the beginning of or at any time pending any suit upon this Mortgage, w to fweclose it, w to refo?m it, or fo enforce payment of any claims hereu~der, said MORTGAGEE shall apply to the Court having jurisd~ction thereof for the appointment of a Receiver, svch Court shall forthwith appoint a recelver of said mortgaged property all and singular, irxludmg aIl a~d singutar the income, profits, issues and revenues from whatever source derived, eath and eve~y of which, it being expreuly understood, is hereby mortgaged as if speci(ically set forth and desuibed in the granting and habendum clauses hereof, and such Receiver shall have all the Ixoad and ef(ective fund~ons a~x1 powers in anywise eMrusted by a Court to a Receiver, and ~ such appointment shafl be made by such Court as an admitted equity aod a matter oi absotute ~ight fo said MORTGAGEE, and without reference to the ! edequacy or inadequacy of fhe vslue of the {xoperty mortgaged or to the so~vency or insolvency of said MORTGAGOR or the defendants, and that such renrs, profits, income, iuues and revenues shall be spplied by such Receiver according to the lien or equity of iaid MORTGAGEE and the practice of such i Court. 8. To duly, promptly and fully perform, discharge, execute, effect, complete, comply with a~d abide by each and every the stipulations, agreements, conditions and covenants in said promissory note and this mortgage set forth. 9. That in the event the ownership of the mortgaged premises, or any part thereof, becomes vested in a person other than the MORTGAGOR, tF~e MORTGAGEE, its successws and assigns, msy, without notice to the MORTGAOR, deal with such successor or successor in interest with reference to this ~ mo~tgage and the debl hereby secured in the same manner as with Mortgagor without in a~y way vitiating a discharging the Mortgagors' liability hero- ~ under or upon the debt hereby secured. No sale of the premises hereby mortgaged and no forbearance on the part of the MORTGAGEE w~its successors or assigns and no extension of the ~ime for the payment of the debt hereby secured given by the MORTGAGE~ or its successors or assigns, sfiall operate ro release, discharge, mod~fy change w atfect the original liability of ~he MORTGAGOR herein, either in whole or in part. 10. It is specifically agreed that time is of the essence of this contract and that no waiver of any obl~gation hereunder or of the obligation sr , cured hereby shall at any time tF~ereafter be held to be a waiver of the terms hereof or of the instrument secured herby. - 1. In additio~ to the fo?ego:ng monthly payments of p:inc:pal and interesl reqvired by the promiuory ra?e secured hereby, mortgagor tovenant and agrees to mortgagee vvith each monthly payrnent an addirional sum estimated by mortgagee to be equal to 1 j 12 of the an ow- ing: , A-AIl real property taxes levied or assess above des ' estate. B-Premiums on fire and windstorm insurance as he " ~red to the improveme~ts situate on the above described premises. C-Premiums on such mwtgage guar urance as mortgagee shall from t~me to time ' to carry on the loan secured hereby. Mwtgagee shall from t' ~me notify mortgagor in writing of the amount due and payable hereunder sum shall thereupon be due and payable on the d o the next monthly payment and each successive momh thereafter until mortgagee shall notify m r of a change in such a~nount. sums sF.ait be applied by mortgagee toward the payment of reat property taxes, insurance prem:ums, and mwtgage Wpty insurance i wms. ' ~ IN WITNE55 WHEREOF, the said MORTGAGOR has hereunto set his hand and seal the day and year first af 'd. ' ~ Sig , Sealed and elire d in the presence of: ,'I . ($esn ' aq ~ . z r~..~q 1 ~aq S1ATE OF FLORIDA ~ SS. Counmr oF St. L_ucie Before me penonally appeared W 1 1le Ci bcen ar?d Q11Q@1'1 Sster Gibson his wife, to me well known and known To me fo bs the individvals described in and wFa executed the foregoing instrument, and acknowledged before me that they executed the same for the purposes therein exp?essed. And the said nuppn Ea - .i ngnn wife of the uid Willie Gibson s separate and private examinaYan by me taken separate and apart from her said husband, acknowledged to and before me that she executed said instrument keely and volun- rarily and witFwut any compulsion, constraint, apprehension, or fear of o? from her ssid husband. ~ WITNESS my hsnd and official seal thi~ day of cember A, D. 19 68 a ~ ~ ` i~ ~tuit~~~~~~t' ~ otary Public in and fw the State of Fbrida at larpe . ~ My Commission expires: r ~':.~t~i~,~~ T«'•., Notsry Pub~'K, sute of Ftorid~ n large Fint F~,~'Sa~t~9~ .b:'~+ ~f~«? p H?r Comrris:isn E:wes Sept. 23. 1969 ~ or Fo.+ PK.«.. : = FILED AND RECORDE b,a,, F,. a~,,,,,r, G, ` rp.T;-Pierce, ~4a•~~ : = ST. LUCIE COUNTY. FLA. _ ~ :~c:~~;~r. ~rGRIFi~D :,n. t 1 r., ~ ~ 1`73023 This,lcl,'str ~urnenf~.Pcepared By ~68 D~C ~ ~Q ; Q'~ First FedereY~Savmgs~ti&' Loan Association w~~~~ ~ of Fort Pierce Checked By RO'u~F, %'01TRAS K CIRCUIT COURT ~ BOOK 174 PACE2U~~ c f