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Home My WebLink About1763 : ~ ~ 3. To plac~ and continuously kcep on the buildi~gs now or htreaftsr ~itua?~ on iaid land and on all equipment and per~onalfy tovered by ihit mo~tp~ •g~, with all premiums therean paid in full, (irs i~suronte in the utual tundard policy fwm. i~ a sum appoved by the MORIGAGEE, and windstotm ~ 7nturance in /M usua) stsada+d pol;ty fam, in • sum appro~ed by ~he MORTGAGEE, ie iuch company or companies as the MORT'vAGEE may diredj and atl fire and winds~orm insurance policies on any of said build~nps, aiy intereit therein or pa~t thereof, i~ Ihe aggrepate tum ~fwesaid or In excess Ihereof, shall ca+tain the usual standard mortgagee clause o~ such o~F~er clauss as the Matpagee mey requue, making ~hs loss ~nder sa~d poli~ cie~, each anc! evay, p+yabte ro said MORTGAGEE ai ~ti intereif may ~ppoar, and each and eve?y iuch potic~ shall be promptly a~s.yned and delivered to any held by said MORTGAGEE as further security to ssid mortgage debt, and, not leu than ten (10) days in advance of !he expi~at~on ot eacA policy, to de- I~ver !o said MORIGAGFE a renewal Ihereof, togetF.er with a receipt for the premium of such renewal; and the~e shall be no f~re or windstorm insurance plated on any of said buildings, any interest thereie or part thereof, unless i~ the form and with the foss payable as afwesaid; and in the event any sum of money becomes payable under such policy or polities seid MORTGAGEE sF+all have ~he opt~on to receive and apply the iame or? accoun~ of the indebted- neu secured hereby o? fo permit said MORTGAGORS to receive and use it p any part thereof fw othe~ pu?F~oses, without th_reb/ waivi~ig or mipair- ing a~y cquity, lien pr right unde~ ot by virtue of this mo:tgage; and i~ the event ta~d MORTGAGORS shatl fo~ any reaso~ fai! to keep the said premises so insured, oi fall to deliver promptly ~ny of iaid policies of insurance to said MORTGAGEE, w fail promptly lo pay fully any premium therefor w in any resped fail to pertorm, discharge, execute, eitect, complefe, comply wirh a~d abide by this covenanf, or sny par~ hereof, said MORTGAGEE may plece and pay iw such (ns~rance w a~y part the~eof without waivinq or affecting any option, lien, equity, o~ right under o? by virtue of this Matgage, and tM full amount of each and every auch payment shall be immediately due and payable and shall bear interest from tha date thereof un~il paid a1 the rata ol nine pe? centum per annum and ta~eiher with s~ch interes~ shall tx secured by the lien of this mortgage. ~ i 4. To petmit, commit or auffer no wosfe, impairment or deterioration of said property w any part thcreof. S. To pay all and singular 1he costs, charges and expenses, including a reasonable attwney i fee and costs of abstracts of litle, incurred or paid at eny time by said MORTGAGfE, because or it? the event of the failure on the part of Ihe said MORTGAGOR to dvly, promptly and fvlly perfwm, diuharge, execute, effect, complete, compfy with and ab:de by each and every the sripu~at~ons, ag~eements, cond;tions, snd covenants of said promissory note and thii +rwrtgage any w eithe?, and said costs, cha~ges and expenses, exh and every, shall be immediately due and payable; whether o? not there be notice de~ mand, attempt to colled or suit pend~ng; and the full amount of each and every svch payment shalt bea. interes~ from the date thereot ~~til psid a1 fhe rare of nioe per centum pe~ anieum; and aU said costs, charges and expenses incurred or paid, togethe~ with such inferest, shall be secured by the lien of thi~ mort9age. i 6. That (a) in the event of any breach of this Mortgage or default on tha part uf the MORTGAGOR, or (b) in the eve~t any oi satd sums of money } herein referred to be not promptly and fully paid within thirty (30) days next afrer the same seve~atly become due and payabte, wi~hout demand o? notice, or (c) in the event each and every the stipulations, agreements, conditions and covenants of sa;d promisswy note and th~s mortgage any w either are not ~uly, promptly and i~lly perfwmed, d~xharged, executed, effected, completed, comptied with ared abided Sy, then in either w any such eveM the said ag, gregate wm mentioned in said {xomissay note then remaining unpa~d, wi?h interest accrued, and all moneys secured hereby, shall betome due a~d pay- abte fwthwith, w thereafter, at the option of said MORTGAGEE, as fully and completely as if all of the said sums of money were aiginatty sfipulated to be paid on such day, anything in sa;d p~om+ssory note w in this Mwtgage to Ihe co~t~ary notwithstandi:ig; and thereupon or thereafter at the option of said MORTGAGEf, without not~ce or demand, suit at law or in equity, therefore w fhereafter begun, may be prosec~ted as if all moneys secured hereby had rtlatured pnot to its in3titution. 7. That in the event that ar the begi~ning of or af any time pending any suit upon this Mortgage, a to fareclose it, or to reform it, a to enforce payment of any claims hereunder, said MORTGAGEE shall apply to the Court having jurisdiction thereoE for the appo~ntment of a Receiver, such Courf shall forthwith appo~nt a receiver of said mortgaged prooerty all and singuta~, inctud~ng aN and singular the income, profits, iuues and ~evenues lrom whatpver source derived, each arx! eve~y of which, it being expressly understood, is hereby mortgaged as if specifically set fort}L, pnd dewibed in the granting and ; habend~m ctauses hereof, and such Receiver shall have all the broad and e(fective func~~ons and powers in anywise emrusted by a Cou~t to a Receiver, and i such appointmenr shatl be made by such Co~rt as an adm;tted equity and a matter of abiolute right to said MORiGAGEE, and without reference to the adequacy o~ inadequacy of the value of the property mortgaged o~ to the sotvency or insolvency o( said MORiGAGOR w the defendants, and ~hat such renrs, profits, income, iuues and revenues shall be appleed by such Receiver accordiog to the lien or equity ot said MORiGAGEE and !he prattite of such Court. 8. To duly, promptly and fully pe?form, discharge, execute, effecL complete, comply w;th and abide 6y each and every ihe stip~lations, sgreemeots, co~ditions and cove~ants in sa~d promissory oote and this mwtgage set fwth. - 9_ Thaf in the event fhe pwnership of the mortgaged premises, w any part thertof, becomes vested in a penon ofher thsn the MORiGACaflR, ths MORTGAGEE, its suctesson and assigns, may, without ~otice to the MORTGAOR, dea{- with such successor or successor in intprest with ~eterence to this morfgage a~d the debt hereby setured in the same manner as with Mortgago~ without in any way vitiating p dischargiry the Mw~gagors' liability hera under or upon the debt hereby secured. No sale of the premises hereby mo~tgaged and no forbearance on the part of the MORTGAGEE w ita successors or ass~gns and no exrens;on of the time fw the payment of the debt hercby secu~ed given by tF~e MORTGAGE~ o~ its successws or auigns, shall operate to releax, discharge, modify change or atiect the original liabilify of fhe MORTGAGOR herein, e+ti?er in whole or in parl. 10. tt is spedfically agreed rhat time is of the euence of this contract and that no waiver of any obligat~on hereunder or of the obligaf' p.aF cvred hereby shall at any time thereafter be held to be a waiver of the terms hereof or of 1F~e instrument secured herby. 1 In odd~tfon to the forego:ng monthly payments of princ'pal and interest required by the prom;ssory no!e secured , mortgagor covenants and agrees~-pi to mortgagee with each mo~thty payrnent an add;rional sum estimated by mortgagee to be eqLal to 1' the annua) cost of the follow- ing: A-All real property taxes levie sed agai+ut the above descri5ed real B-Premiurns on fire a~d windstorm insurar.ce as carried on the improvemeats situate on 1F~e a6ove described premises. ~ C-Premiums on such morfgage guaranty i as morrgagee sha to ti~r~e deem fit to carry on fhe ban secured hereby. Matgagee sha~l from tim notify mortgagor in writing of the amount due a pa nder and such sum shall thereupon be due and Fayable on !he due t e next monthly payment and each successive month thareafter ur.til morigagee s a ' rt agor of a change in such amount. ums sF.aii t~e applied by mwtgagee toward the payment of real property taxes, insv~ance prem:ums, and mortgage ms. N WITNE55 :YHEREOF, the said MORTGAGOR fias hereunto set his hand and seal the day and year first aforesaid. gned. Seal and v red in the presence of: . ~ _ Irene Crist, a widoM ~a~ ~ cs~n rxaq STATE OF fLORIDA couNn oF St. Lucie ~ s~f~e ~ peraonally appeared Irene_ Crist . a widow, ~ ~i~ ~wifw to me welt known and known to me to be rhe individwls desaibed in and who executed the foregoing instrument, and acknpwtedged before me that 9heT executed the same for the purposes therein expressed. luRJ••li~e•~ei1~ AFfl~ a~ 1~1~ 19R}~ ~wp'ayl~Ir1!'~d''IM1~f? e~ewiwwtww iy. w~ ~ska~ ~pa.~1~~~.spr~ fr«n. ~ ssid.lMwb~~dr ~w~wl~~,~ N~wd~ 4siors• ~w~. that~sbs~ea~c~?t~d~ Mid-i~twR~ew1 ~rr~l~. ~nJ ~r~lrn. ~ ~e+ilf-ewi w+1Mrt~wp' ~ow~~r?s+o*.~e+w~Msw+~ ~ppai~iewf ~r• (~ew~i ~ ke~rher ~sid~F~a~w~i- WITNESS my hand snd official scal thi: c~~~ day of aTl A. D. 19~t2. t Notary P in ar?d for the State of fbrida at Lar~e ~ My Co ission expires. ~~9 7/ ~ Return To: • ~ r fint Fedenl Savings 3 loan Association ~ Of fort ?ierce. ~;z',:+~1U~~~r.. i w! ~ ~ Of A011~ fort Pierce, Florida ~`L~~~ . • ~~c,,,,~.~ 6 ~n i ' ~i ~Y ~Ofi1G7iSf100~~M~'~' • 1 • . C . f.. • t` ~~~~/+~~r'S+~S ~ 0 ..r- ~.p; ~`s.J ` T. ~i~ COUi~T'Y, FLd. This Instrument Prepared By : ' 'T~" C3 'z=_ ~ ~ ~~OP.t~ V~e~1~lED First Fede~al Sav+ngs & Loan Association ; ; ~ ~ J , _ of Fort Pierce 'v Q.'~~ : 1'74417 ~ '69 F~6 3!~t I I: 8 ; ~ ~ Checked By John W. Collins SS GZ~ 't '`~~~tt:t?:~t`-'' • ~ ~ so~x~~~ ~A~E~.~SD fiA~~~ ~o~~~~,s ~ i~ - - t''~CL~RK C1~~U1~ COUftT ..4 - . _ " _ ~ - . _ . . _ . .~~5-_ . ~ 4-' K~ .~r _ •~",~~'°'_~S+`~"`~