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Home My WebLink About1769 . , > . . 3. To pl~c~ and continuouily keep on tM buildiny~ now or Mreaft~r ufuate on said lar?d and on ~~I equipment and pe~sa+~~~y covtred by thi~ mat9- ags, wlth ~11 premiums thercon pa~d in f~ll, fire insurance in the vi~al ~~andsrd policy (orm, in a ium ap~xoved by the MORiGAGEE, and windstorm insuranc~ i~ the uiw) ~iandard pol~cy (orm, in ~ sum approved by tM MORTGAGEE, in such company w compan~ei as tl+~ MORIGAGEE rruy direclj and sll firo snd w~nditorm insurance policies on eoy of said build~ngi. ~ny inlerest therein w pa~t Ihereo(, in fM aggrey~te Wm alo~esaid o~ in ~xtcu thereof, shall co~lain the usual slandard matgagee clause or such o~her clause ai the Mortysgea may requirs, makinp ths las~ unde~ sa~d polF cies, esch and eve~y, payable ro said MORTGAGEE as ib in~ereil may ~ppear, and each and every such policy shall be promplty su.yned and de~ivered to any held by said MORTGAGEE as further security to said mortgage deb1, and, nof leu Iha~ ten (10) days in adva~ce of the expi~ation o1 exh polity, fo de- liver to ssid MORTGAGEE a re~ewal thereof, toyether with a reccipl for Ihe premium of such renewal; and ~here shall be no fire o~ winds~orm insurance ~ placed on any of said buildings, any interest therein or part thereof, unless in the form and with the loss payable as afwesaid; and in ths event a~y sum ~ of rtaney becomes p+yabk ~ader such polity a policies wid MORTGAGEE ~hall have the option to receive and apply the same on atcouM of the indebted~ neu secured he~aby w ro pe~mit said MORTGAGORS to reteive and use it p any part thereof ior othcr purposes, ~ri~hout tharcb/ waivi~~ or ~mpair- in~ ~ny eq~ity, lie~ or right under w by virtve of this morlgage; a~d in Ihe tvent u~d MORTGAGORS shall tor any ~eason fail to keep the said premites so insured, or fail ro deliver promptly any of said policies o( insurance to iaid MORTGAGEE, or fail promptly to psy fully any premium Iherefw w in any reapect (ail b perform, dixharge, execute, ef(ect, complete, comply with and abide by this covenant, or any par~ hereof, said MORTGAGEE may place and pay fw :~ch insurance ot any parf thereof without waiving w affecting any option, lien. eqvity, w rigM unde~ o~ by virtue of this Mo~tgage, and tht full amouM of each and every such payment ihall be immediately due and payabte and shall bear interest from Ihe date thereof un~il paid at tM rate o1 nine per ce+~tum per annum and to~e~he? with suth interest shall be secured by the IiM of this rta?tgage. 1. To permit, commit or suffer no waste, lmpairmero or deteraration of said property or any part thereof. 5. To pay all and singutar the costs, tharges and expenses, including a reasonable attorney i fee and costs of abstracts o( title, incurred or paid at any time by said MORTGAGEE, becaux or in the event of the failure on the part of the said MORTGAGOR to duly, promptly and fully pivfwm, dixharge, execute, effed, complete, comply w~th and abide by each and every the stipulations, agreements, conditions, and covenants of said promissory ~o1e and this mortgage any w either, and said costs, charges snd expenses, each and every, shall be immediately due and payable; whether w not the.e be not~ce de mand, attemp! to colk~ w suit pending; and the full amounf of each and every such paymenl ihall bear interest from the date thereof until paid ~1 the ra~e of nine per crNum per aruwm; a~d all said costs, char9es and expenses inturred w paid, together wAh such interest, shall be setured by the lien of thi~ morfgage. 6. That (a) in the event of any breach of this Mortgage or default on the part oi the MORTGAGOR, or (b) in the event any of said sums of mone~ herein referred to be not promptly a~d fully paid within thirty (30) days next afte? the same severally become due and payable, withou~ demand w notice, or (c) i~ the event each and eve?y the stipulations, agreements, conditions and covenants of sa~d promiswry note and th~s mo~tgage any o~ either are no1 3uly, promptly a~d tully pe~famed, d;xharged, executed, eifected, completed, complied with and abided by, then in eitF~er or any such event the said ag gregate wm menYaned in said promissory note the~ remaining unpaid, with iNerest accrued, and all moneys secured hereby, shall become due and p~y- able fwthwith, or thereafter, at the option of said MORTGAGEE, as fully and completely as if all of the said s~ms of money were org~i+a~~y st~pulated to be paid on such day, anything in said promissory note w in this Allwtgage to the contrary notwithstanding; and thereupon or thereafter at tfie option of said MORTGAGEE, without notice w demand, suit at law w in equity, therefwe or thereatter begun, may be prosecuted as if all moneys secured hereby had matured pno? to its institution. 7. That in the event that at the beginning of w at any time pending any suit ~pon this Nbrtgage, or to fweclou it, w to reform it, or fo enforcs payment of any claims hereunder, said MORTGAGEE shall appty to the Court having jurisd~ction thereof for the appointment of a Receiver, such Court shall forthwith appoint a receiver of said mortgaged p?oQerty all and singular, inctud~ng all and singular the income, profits, issues and revenues (rom whatevet source derived, each and every of wh;ch, it being expressly understood, is hereby mor~gaged as if spetifically set iath and dexribed in the g~anting and habendum tla~ses hereof, and such Receiver shall have all the kxoad ard effective funcnons and powers in anywise entrusted by a Cou?t to s Receiver, and suth appointment shall be made by svch Court as an admitted equity and a matter of absolute right to said MORTGAGEE, and without reference to tha adeq~acy a inadequacy of the value of the property mortgaged or to tF~e so~vency or insolvency of said MORiGAGOR o~ the defendants, and that such rents, profits, income, issues and revenues shall be applied by such Receiver eccording to the lien or equity of said MO&TGAGEE and the practice of such Gourt. 8. To dufy, promptly and fully perform, discharge, execute, effect, complete, compty with and abide by each and every the stipulations, agreemenfs, condiYaru and cove~ams in uid promissory note and this mortgage set forth. ' 9. That in the event the ownership of the mortgaged premises, or any pn?t thereof, becomes vested in s peraon other thsn the MORTGAGOR, tM MORTGAGEE, its successo~s ar.d au~gns, may, without notice to the MORTGAOR, deal with such successor w successor in interest with ~eterence to this mortgage and the debf hereby secured in the same manner as with Mortgagor without in any way vitiating w diuhargin~ the AAortgagors' lisbility hert under w upon the debt hereby secured. No sale of the F~emises hereby mo~tgaged and no forbearante on the part of the MORTGAGEE w its successon or auigns and no extens~on of the time fw the payment of the debt hereby secured given by the MORTGAGEE or its succeuors w assigns, shall operate to releax, dixha~ge, modify change w affect the original liab~l~ty of the MORTGAGOR herei~, either in whole or in part. 10. It is speufically agreed that time is of the essence of this contract and that no waiver of any obligat~on hereurder or of the obligation sr cured hereby shall at any time thereafter be held to be a waiver of the terms hereof w of the instrument secured herby. ~ ~dd:tio~ to the (orego:ng monthly payments of princ'pal and interest required by the promissory no!e secured hereby, mwt enan s ; and agrees to pay~ST+ ee with each monthly payrnent an addi~ional sum estimated by mortgagee to be equat to 1/12 of t a cost of the fo9low- in9= ' i A-AI) ~eal property taxes levied or assessed agai+ist scribed real estate. 6-Pre~niums on fire and windstorm insurance as herein requ~red to be carne i veme~ts situate on the above described premises. C-Premiums on such mortgage guaranty insurar,ce as mortgagee shall fram Y o time deem on the toan secured hereby. 'i Mortgagee shal! `rcm time to ti mort a or in writing of t ouM due and payable hereundrr and suc i . II thereupon be due snd i Fayable on the due ' e nezt monthly payment an eac successive momh thereafter urtil mortgagee shall notify morrgagor ange in suth i amount. ums sFaii be appiied by mortgagee toward the payment of real property taxes, insurarxe prem.ums, and mortgage guaranty nwc~nte j w!ns. ~ IN WITNESS WHEREOF. the said M GAGOR has hereunto set his hand and seal the day and y first aforesaid. C- ' ned al and liv ese e of: _ • s~ ~ _ (Se~q ~n ~s~,~ STATE OF FLORIDA { St. Lucie ~ ' courm oF ~ s Before me personally appeared Leslie Mathis e~ ~ Eleanor Mathis his wife, to me well known and known to me to be ~ the individwls described in and wFw executed the foregoing instrument, and acknowledged before me that they executed the same for the purposes fherein ex~e~d. ~d r~ ~~d Eleanor Mathis wife of the said Leslie Mathl S upon a separate ~nd priv~te examination by me taken separate and apart from her said husband, ackrawledged to and before me that she exetuted said instrument 4reely and volum ?arily and without any compulsion, constraint, apprehensi~ fesr of or from her ssid husband. ~ WITNESS my hand and official seal thi~ ~ S day of February a 19 69 W ~ ~ 6~C~ . ~ ~E~QRp ~ Notary Publit in and fw the State of F ,a aJ Large - ~ 'fILED AND My Commission expires: /a _ R~~,~~ To: 57. ~UCIE COUNTY, R~~ ` , : Fint Federal Snvings 6 loan Associat~on R~CORD VERI~~ED ~ Of Fort Pierce. ~1~'J~~20 ~~w~t ~'JBUC~ SjA~e uf F~~~c~uA AT L6e..a_ ~ MY COMMISSION EXPIRES DK. 3. 1971 ; Fo~t Pierce, Florida ~ ~ ~ONDEO 7MR0{/pN RRED w. D~E9Tt~pO~g? ~ '69 f EB This Instrument Prepared By 5'~" F~/?~,7RAS ' First Federal Savi~gs 8~ loan Association sZ~G- ' f of Fort Pierce CLERK CIRCUIT COURT~ Checked By R . Ka?yes BOOK175 fA~E~766 ~ f r':'~ ; ~ , - - _ ==-a~. = - - _ ~ ~ i.' ~ ° `'~~=:~a'~ ~ . . ` ~