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Home My WebLink About1765 y 3. To pisce and continuouity keep on ths buildinps now or herea(tK ~itwte on said tand a~d on all eq~ipment ~nd personally cova~ed by this mort9- sg~, with ~I) pr~miums Ihereon pa~d in full, fin i~tu~snce in the uswl ~~a~derd poticy form, in ~ sum approved by the MORiGAGEE, and windstorm insv~~~c~ in tF~e uswl standa~d pof~cy fam, in • swri ~pproved by th~ MORTGAGEE, i~ ~uch comp~ny w companies as Ihe MORTGAGEE may direu; a~d all tire and wir+ds~orm insurance policie~ on +nY of iaid build~n9s, any Interest therein or parf thcnof, in IM aggreqata ium aforesaid or In excess ~hereof, shatl contai~ tha usual standard mortgaqea clause a sucl~ otha clause ~s ~he Mortgagae may rcquir~, makirg ~he lou unde~ ta~d polN cies, each and everv, payable ro said MORTGAGEE as its interest may appeu, and each and every such policy sha~l be promptly au:gned and detivercd to •ny held by said MORiGAGEE ~s (u~~he~ security to iaid mo+t~age deb1, snd, not leu tMn ten (1Q) days i~ advance of the expiration of each policy, to da ' liver to said MORTGAGEE a renewal thcreof, topether with a receipt fo~ the pr~mium of such renewal; and there shall be ~o f~re o. winds~orm insuranca ~ placed on any of said buildings, any interest tF?erein or par~ thereot, unleu in the torm and with the lou payabte as sforesaid; and in the event any :um ~ of money becump p~yable under such polity u policies said MORTGAGEE shall havs tha option to receive and appty the samo on accounl of ti~e indebted, neu setured hereby w W permit said MORTGAGORS fo receive and use it p any pa?t thereof for ofher purposes, wi~ho~t th=reo~ waiving w ~mpair- ing any eq~ity, lie~ w righl under or by virtue of this mor!ya9e; snd in 1he event said MORTGAGORS shall for any ~eason tai) fo keep the said premises so insured, w fail to deliver promptly any of said policies of insurance to said MORTGAGEE, a fail promptly to pay iully any premium the~efw w in any ~ respect fail to perfam, discharge, execute, efiect, complete, comply with and abide by this covenaM, w any par~ hereof, aaid MORTGAGEE may place and ' pay for tuch ina~rancs o~ any part thereof witFweH waivinp a alfxl;ng any option, lien, equity, w right vndcv o~ by vi?tue of this Mortgsge, and tF?e ; full amount of each and evary such payment shall be immediately dw and payable and shall bear interest from the date thereof until paid at the ~ate ol ~ n~ne per centum per annum and to~ether with such i~teresf shaii !x srcured by the lien of this mortgage. 4. To pe?mit, commit or su(fer no waste, impairment w dete~ioration of said property w any Fart thereof. ! S. To pay a~l a~d singulu the coth, charges and expenses, including a reasonable at?aney's (ee and costs of absuacts o( fitle, incurred or paid a~ any time by said MORTGAGfE, because w in the event of Ihe failure on the part of the said MORiGAGOR to duly, promptly and fully periorm, discharge, execWe, effect, compkte, comply w~th and ab;de by each and every rhe st~pula~ions, agreement~, conditions, and covenanrs of said p~amiswry note and ~hii mortgage any or e~ther, and said costs, charges and expenses, each and every, shall be immediately due and payable; whe~her w not there be notice da mand. attempt ro collecf w suit pe~dingj and the full amou~t of each and every such paymenf ahall bear interest from the dafe thereof u~ti! paid at the rare of ni~ pe~ tenrum per an,ium; and all said costs, charges and eapenses incurred w paid, together w~th such inlerest, shall be secured by the lie~ of this mwfpage. 6. That (a) in the event of any breach of this Mortgage or default on the part of the MORTGAGOR, a(b) in the event any of said sums of money ~ herein referred to be not promprly ar?d fully paid within th;rty (30) days next a!ter the same seve~atly become due and payable, wilhout dema~d w notice, o? (c) in the event each and every the stipulations, a9reertKnts, conditions a~d covenants of sa:d promissory note and th~s mortgage a~y w either are not ~uly, promptly and fully perfwmed, dixharged, executed, effected, completed, complied wirh artd aCrcled hy, then in e)ther or any such event the ssid ag gregate wm mentan~d in said promissory note then re,nai~ing unpa~d, with interest accrued, and ail moneys secured hereby, shall become due and p~y- able forthwith, or thereafter, at the option of said MORTGAGEE, as (~Ily and completely as if all of the said sums ot money wtre wginelly st~pulated to be paid on such day, anything in sa:d paomiuwy note or in this Matgage to the contrary notwithstanding; and thereupon a thereafter at the option of said MORTCaAGEE, without notice w demand, suit at law w io equity, therefwe w thereafter begun, may be prosecuted as if all moneys secured hereby had matured pr~w to its institution. 7. That in the event that at the beginnFrg of o~ at any time pending any sult upon this Mortgage, o~ to fweclose it, or to reform it, or to enforce payment of any claims hereunder, said MORTGAGEE shall apply to the Court havirg jurisdiction thereof iw the appo~ntment of a Receivea, such Court shall forthwith appoint a rece~ver of said mortgaged proQerty all and sirgular, inctud~ng atl and siagula~ the income, profits, issues and revenues f~om whatever source derived, each and every of which, it being expressly understood, is hereby mwtgaged as if specifically set fwth and dewibed in the granting and habendum clauus hereof, and such Receiver shal~ have all the broad and effective funcuo~.s and powers in anywise entrusted by a Covrf to a Receiver, and such appointmenr shall be made by such Court as an admi~ted cquily and a matter of absolute ~~ght to said MORTGAGEE, and without reference to the adequaq or inadequacy of the value of ~he property mortgaged w to the so~vency w insolvency of said MORTGAGOR a the defendants, and that such rems, profits, income, issues and revenves sFwli be applied by such Receiver accord~ng to rhe lien w equity of said MORIGAGEE and the prattice of such Coutt. 8. To duly, promptly and fully perfwm, diuharge, execute, effect, rnmplete, comply with and abide by tach and every tlx stipulations, agreements, condilions a~d covenants ~n said promissory note and this mortgage set forth. 9. That in the event the ownership of the mortgaged premises, or any parf thereof, becomes vested in a person othe? than the MORTGAGOR, ths MORTGAGEE, its successas and assigns, may, wifhout notice to the MORTGAOR, deal wi~h such svccessor w s~ccessor in interest with reference to this mortgage and the debt hereby secured in the same manner as with Mortgagor without in any way vit~ating or dixharging tFe lAortgagors' tiabitify here. under or upon the debt hereby secured_ Nlo ssle of the premixs hereby mortgaged and ~o fwbearance o~ the part of tF~e MORTGAGEE w its successon or assigns and no extension of the time fw the payment of the debt hereby sec~red given by the MORTGAGE'_ o~ its successors or au~gns, shall operats to release, d~scharge, modify change or af(ect the originat ?iabitiry of the NtOR1GAGOR herein, either in whole a in part, 10. It is specifically agreed that time is of the essence of this tontrad and that no waive? of any obGgaGon hereunder w of the oblgation se- cured hereby shall at any time thereafter be held to be a waiver of the terms hereof or of the instrumeM secured herby. In add;tio~ to the forego:ng momhly payments ot p~inc'pal and inrerest required by the promissory nore secored hereby, mortgagw c s and agrces to p - a ee with each monthly payment an addirional sum estimated 6y mortgagee to be equal to 1 j 12 of the ann follpw- ing: A-All real property taxes levied w auessed aga~ns e described . B-Premiums on fire and windstorm insurance as herein o the improvemeats situate on the above described {xemises, C-Premiums on such mwfgage guara r~ce as mortgagee shall From time to tirne cariy on !he loan secured heieby. Mortgagee sha;l from t; ~rne notify mortyagor in writing of the amo~nt due and payable hereundrr an shall thereupon be due and Fayable on the du o the next monthty payrtsent and each successive month thereafter ur.til mortgagee shatl notify mortga e-~ change in such amount. sums sF.aii be applied by mortgagee toward the payment of rea! property taxes, insurance prem:ums, a~~d mortgage guaranfy ~w~ts ms. IN WITNESS WHER~OF. the said MORTGAGOR fias hereunto set his hand and seal the da and year first a'foresaid. ~ Sig Seai and d'ver in the presence of: ~ h . (Seaq ~-n ; n.,~ ~ t SiATE OF FLORtDA ~ ST. LUCIE ~ LOUNTY OF Befwe me personally appeared r'lal~a L. S111ft M~dOw ~ i the individwll described in and who e:ecuted the foregoir?g instrument, and ackrww? ~ to me wetl known and known to me to be ~ edged before me rhat ~ exec„ted the same fw rhe purposes rherein expressed:~ ~G)RiaiQ~ipt~~' i WITNESS nyr, i?aod ar~d offkis) seel thi dsy of 69 ~ ~ . . . r ~ A. D. 19 ~ ~_C:,:~- FILED ANO R , ary Public in and {or fhe State of Florida at Lsrge ST. LUC~E COUN~: ~L Commission eapires: ~ ~~~"'"''j6' ' ' RECOF.D VERIFIED ` fint federal Savings 6~o~n•`~,~o~ 1'74~18 ~k af larqe j Of Fort Prerce. ;Ar C01~lSSI011 E~lt Sl~. 23, 1969 ~ M~Md ~l ffw a CnNYfr G. Fort Pierce, florida '69 Ff B ~ ~ I~• v ~ ~ ~ This Instrument Prepared By =cOG~R . OITRAS First Federal Savings 8~ Loan Association CLERK CIRCUIT COURT: ~ of Fort Pierce Checked By John W. Co2lins 0 R ~ ~5 r~~f~.7S2 ~ . . _ _ _ ~ ~ z, . - - - ~ ~ - _ _ : ~ ~x fi~ - x ~ ~~;.d~~~