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Home My WebLink About1771 1 3. To plac~ and conti~uously ke~p on tM bui!di~pt now o? htreahK litwte on itid land and on all eq~ipmt~l ~nd penon~lly tovered by thii mort~ g~, w~~h sll premiums the~eon pa~d in full, fire ins~r~nte in the u~ual sundard pot~cy form, i~ a sum app~oved by ~ha MORiGAGEE, and windstam ~n:ur~~ce in tM usual sranda~a pol+ty (am, in ~ sum approved by tM MORTGAGEE, in wch company or companiei as Ihe MORTGAGEE msy direttj ~nd all fi~e +nd w~~dstorm insurance policie~ on any of iaid build~e+ys, ~~y inlertsl therei~ ot pul thcreo~, in the sggreyate :~m afwesa+d w In exceu Ihereof. sMl~ contain ths usual itandard mwtgagee clauss o~ such olher clause as Ihe Matgagee msy rcquire, maki~y the toss unde~ sa~d po1F ciss, each and eve~y, payable to said MORTGAGEE as itf inte~est may ~ppea~, and each and eve.y such policy shall be promptly ass:gned and delivered fo •ny held by said MORiGAGEF as fur~her secu+ity to said m«tyage deb~, and, oot leu than te~ (IQ) days in adva.ue of the acpi?ation of each policy, to de~ tiver to said MOAIGAGEE a icr~cwal thereof. topether with a rece~pt (w Ihe premium oi tuch renewal; and there shall be no fire or windstorm insuru?ce pl~ted on s~y of said buildings, any interesl the~ein a part thercof, unless i~ the form and with the Ioss payable as afwesaid; and in fhe e~ent any sum of money becomes payable undcr such poticy or policies said MORTGAGEE ?hall have the option ro receive and apply the same on accoun~ of the indebted- neu setvred hereby or to petmif said MORTGAGORS fo teceive and usa it or any part thereof for othe~ purposes, v~ithout th_r~b~ waivi~ig o~ ~mpair- iry any equity, lien or righf u~der a by vi~tue of ihis mo:tgage; end i~ the event wid MORTGAGQRS shall fa any reason fail to ketp the said premises so insured, q fal) to deliver promptly ~ny of said politiea of insurante fo ssid MORTGAGEE, w fail promptly to pay fully any premium Iherefo~ or in a~y respect fail to perfor~ d~uharge, execute, effect, completa, comply with a~d ~bide by this tove~ant, a any par~ hereot, said MORTGAGEE may place and pay fw suth it~surance w any part thereoF without waivinp w affectirg any option, I~en, equity, w right v~da w by vi~tue of this Matgage, and the full amovnl of each and every such p+yment shall be immediately due and payable and shalt bear i~terest from the date thereof until paid at the rate ot nine per cenWm per annum and together with iuch interest shati be secured by the litn of this mwtgage. 1. To permit, commit w suffer no was~e, impairment or dete~'aratio~ of :a;d p~operty or any pan the~eof. S. To pay aH srwf singufu the coats, charget and expenses, including a reasonable atta~ey's fee and costs of abstracts oi tiHe, incurred w paid al any time by said MORiGAG:E, because or in the event of the failure on the part of Ihe said MORTGAGOR to duly, prompt~y snd fully pe~form, diuhargq exet~te, efiect, compkte, comply with a~d ab:de by each and every the stipulations, aqreements, condit;wu, and covenants oi said promissory note a~d thit mortgspe any or eithe~, and sa~d cosrs, cMrges and expenus, esch and eve?y, shall be immediately due and payabte; whether p not there be notice de, mand, attempt to colkct or ivit pending; and the fvll artw~nt of each and every such paymeM shali bear interest from Ihe date thereot unti! paid at the rate of nine per centum per anuum; and a!1 said costs, charges and expenses incv~red or paisl, together w~~h such interest, shall be secured by the lien of this mottgape. 6. Th~T in the event of any bresch of this Mortgage or default on the part of the MORTGAGOR, or (b) in tRe eve~T any of sa~d sums of money herein referred to be not promptly and fully paid within thirty (30) days next after the same severatty betome due and payable, wiliaul demand or notice, or in the event each and eve?y the stipulations, agreements, co~ditions a~d covenants of sa:d promissory note and th~s mortgage aoy w either are not ~uly, promptly and fully performed, dixl~arged, executed, effected, completed, tomplied wirh and ab+ded by, then in eithet w any such event the said ag~ gregate sum mcntaned in said promissory note then remaining unpa~d, with inte~est actrued, and all moneys secured hereby, shall become due and pay- able fo~thwith, or thereafter, at the option of said MORiGAGEE, as fully and completety as if all of the sa~d sums of money were org7natly stipulated to be paid on s~ch day, anyrhing in sa;d promiuory nore a in this Mortgage to the coNrary notwithstand~ng; and thereupon or thereafter at ~he option cf said MORTGAGEE, without ootite or demand, suit at law or in equity, therefwe w therea(ter begun, may be prosec~ted as if all moneys secured hereby had ma~ured pr~w to ~ts ins?i~ur~on. 7. That in the evenf that at the beginning of or at any time pending any suif upon this AAo.tgaye, or to foreclose it, or to reform it, or to enforce payment of any claims hereunder, said MORTGAGEE shall apply to the Court having jurisd~cuon thereof tor the appointment of a Re~ceiver, such Co~rt sha~l forthwith appoint a receiver of said mortgaged proqerty alI and singutar, includ~ng alt aod singular the irtcome, proiits, issues and revenues from whatever source derived, each and every of whrch, it being expressly understood, is hereby mwtgaged as if spec~ficalty set forth and described in Ihe granting and habend~m ciauses hereof, and such Recerver shall have all the boad and effective funct,ons and powers in a~ywise entrusted by a Court to a Receiver, end such appointment shalt be made by such Caurt as a~ admitted eqvity and a mafter of absolute right to said MORTGAGEE, and without refererxe to the adequaty or inadequacy of the value of the property mdtgaged or to the so~verxy or insolvency of said MORTGAGOR a the defendants, and that such rents, proiits, income, iuues and revenues shall be applied by such Reteiver according to the lien ot equity of said NIORIGAGEE and the practite of sucF~ Court. 8. To duly, promptty and fully perform, diuharge, execute, eifect, complete, comply with and abide by each and every the stipulations, agreements, conditions and covenanu in said promissory note and th~s mwtgage set fw~h. 9. That in the event the ownership of the mongaged p?emises, or any part thereof, becomes vested in a person other than the MORTGAGOR, ths MORTGAGEE, its successws and auigns, may, wi~hout no~ice to the MORTGAOR, deat with such successw or successor in interest with reference to this mortgage and the debt hereby secured in the ssme manner as with Mortgagor without in any way vit~ati~g w diuhargiry the Mortgagors' liabifity here under or upon the debt hereby secured. No sak of fhe Fremises t~ereby mortgaged and no iorbearance on the part of the MORTGAGEE or its successori or assigns and no exrens~on of the time for the payment of the debt hereby secured given by ~he MORTGAGE'_ or ;ts succe:sws or auigns, ahall operate to release, d~scharge, mod~fy change or affect the orginal liab~lity of the MORTGAGOR herein, either in whole or in part. 10. It is specilicatly agreed that time is of the essertce of this contract and that rw waiver of any obligat~on hereunder or of the obligation se- cured hereby shalt at any time thereafter be held to be a waiver of the terms hereof a of the instrument secured herby. 1. e o:~g monthly payments of print pal a~d interest required by the p~omissory no!e secured hereb and agrees to pay to mortgagee with eac rneM an add~rional sum estirttated by mongagee to be e annual cost of the follow- in4: A-A!1 real property taxrs levied w assessed agai~st the above rea B-Prcmiums on fire and windstorm insurance as ' equ;red to be carried on the improve . 'tuate on tFie above descrined premises. C-Premiums on such mortgage gua surar~ce as mortgagee shall from time ro time deem fFt to carry o an secured hereby. Mortgagee shal! f~om ' o time notify mortgagor in writing of the amount due and payable hereundar and such sum s v n be due and Fayable on the du of the next monthly payment and each successive month thereafter ur.til mwtgagee shall notify mortgagor of a c s~th amount_ zwns sha;{ be app(ied by mortgagee toward the payment of real p~operty taxes, insurance prem:ums, a~~d mortgage guaranty insura e ms. IN WITNE55 WHERtOi, the said MORTGAGOR has F~ereunto set his hand and seal the day and year first afor~said. Signed, Sealed and delivered in the presence of: ~~~~j'?L-~~ ~~;4~~~'d ~ea~ an ~ - ~ _ ~-,n ~s~,n STATE Of FLORIOA ~ couNn oF St. Lucie eefwe me penonally appeared G• B. ~•~alters 8~ Al2ieee j~alters his wife, to me well known and known to me to be fhe indiridwb desc?ibed in and who executed the fwegoing instrument, and acknowledged before me that they executed the same fu the purposes 1?u.~~„ exa~d. a~d r~ ~~a Alliece Walters wife of the said G• B• ~ alters opon a separate snd pe~ivat~ examinatan by me taken separate and apart from het ssid husband, atknow(edged to and before me that she exetuted said iostrtettlnt frtely and volurl- tarily and withoeit any compulsion, constraint, apprehension~?o? fear of or from her said twsband. • WITNESS my hand and official seal this ~ of Januar y y ` '•a.b: i9 69 Notary Publ'K in and for the State of ida ~t larpe Returrt 70: ~~p. MD RECOROED My Commiuion expirei: / Fint Federal Ss~ings a loao Assoc~at~on S7. LUCIE COUNTY. F~'d• = Of Fort P~erce. R~ C r` FtEn AAY COMMISSIONTEXPIRES DK.~~~3 u~f1 Fort Pierce, Flqrida ~.~4~~1 ~ONDED 1MRpupM rREO W, OIE~I~~MOwc1 ~s9 FEB 3 ~ ~ g 1 This Instrument Prepared By First federal Savings 8 loan Association ~p~TR~,S ot Fort Pierce ' ` ~~~ftK ClRCU1Y COURT Checked By J . _elli ng, B~~K~. ~5 F~~E~768 F`~Y f ll c f ~ xr ~ - - > YY ~ _ ~~:~~~-~~1,~.~ . - ~