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Home My WebLink About1567 e v ry t ~ ~ { i 3. To plac~ and contlnuo~sly ke~p on tM bvitdi~ps rww w M~esfta sitwt~ on ~sid IMd and on all equipm~et a~d psnon+lly cov~red by this mort~ ~ ag~, wtth ~II pr~miwni thereon pa~d in full, fire i~twanc~ in ~M usual sunda~d policy fwm, in • tum approwd by tM 1MORiGAGEE, and windstwm insw~nc~ tn ths vswl ~~endard poliq (am, in a sum approwd by tM MORTGAGEE, in such company a canpa~ies as tM MORTGAGEE inay ! dinttt and all fue u~d winds~orm insurae?~.~ polic~es oe ~~y of ssid buiW~opa, any inte~~st IMreir? or part thereof. in Ihs a~rep~q sum ~faMaid ot t In ~xc~ss ~henof, shall contai~ ~h~ uwal su~ ~erd matgag~~ cisuss or suth o~he~ claev ~s ~M Ma~ppee o+ay requir~. makinp IM los~ under u~d Fo?F ~ cies, eath ~nd ~very. WYabl~ to ssid MORTGAGEE as in inlrrest may appear• ~~d e+ch +nd wery i~th policy ~hall be promptly a~~:9ned and delivt~ed to i a~y held by said MORiGAGEE as further secv~ity to ~aid mortpa9s debt, and, not leu tha~ ten (10) daln in advance of the eapir~lron ot each policy, to d~- . liver to taid MORTGAGEE a ranewal thereof, topNher with a receipt fw the pra++ium oi s~ch renewal; and then tFwll be no fire or windsto~m ii+wrsnu pl~ced on ~ny of said buildingi. •ny intereit there3~ or p+rf thereo~. unlesa in the fwm and with tM loss paYable as ataesaid: snd in tM ~wM an~ wm of moeey becomes p~yabk undet such policy o~ polic~ss s+~d N10RTGAGEE ~hall haw the opr~on ro ~eceive ar~d apply the ume on accov~~ of tM i~debted- neu secur~d hereby or to permit said MORTGAGORS ~o receive and us~ i1 a any pa~t thereof fw oTher purposes, without th:ieb~ waivi~y or ~mpair- ing a~y ~quity, lien w right u~ w by virtue of Ihis mortpage; a~d i~ tM tvent sa~d MORTGAGORS shall for any reason isil to keep the ta~d pre~mises w insured, or f~il lo delive~ promptly any of said policies of infuroncs to said MORTGAGEE, or fail promptly to pay fvlly any premivm theretor o~ in any reiped fall to pKfwm, dischuge,. execute, ettect, comple!e, comply with u~d ~bide by ~h+s covenanf, a any par~ hereof, s+id MORTGAGEE may plac~ and paY fp suth inwrancs o? ~ny put thertof withovt waivinp ot sf(ectinp any option. lie~, eq~ity. a r'ght under _w by virlw of this Mort~a~e. a~d tl+t full amou~l of eech and ~v~ry such payment shsll be immediately due and payable ~nd shalt bea~ interest from ths date thereof until paid at ths rat~ ol nine per c~ntum pN annum snd to~ether with such intcresl shall be secured by the lien of Ihis mwtgage. ( 4. To permit, commit or suffer no waste. ~mpairment a dete~aration of said property or any parl ~he?eof• ~ 5. To pay all and singul~r the costs, charges and exper?ses, including s reaaonabk anwney i fee s~d co~p of ~bitract: of title, incurred or paid at a~y time by wid MORTGAGfE, betavse w in the event of the failwe on the part of the said MORTGAGOR to duly, p~ompNy ~nd futly pafwny disthug0. ? execute, effect, complcte, canply with a~d ab:de by exh and every the sdpula~~ons, sgreements, cond~tiaa, a~+d mvenaros oi said promissory note and ~hls i mwtgaye any or eiiher. and u~d cosn. char9es and expe~ses, each snd every. sMll be immediately due sno payable: whe~her or not ~here be notice ds~ mand, attempt to colkd w suit pend~ng~ ~nd ~he full amouM of tach and every such payment shall bea? in~ercst from the date thereof until p~id d the rate of nins pe~ c~ni~m per annum; and alI sa~d costs, tharges and expanses incurred w paid, togelher w~th such inttrest, shall be sctwed by the lien of fhis mw~yap~. . Q That (a) in the event of any txeach of this Mortgsge or default on the pa~t of the MORTGAGOR, or (b) in the event any of said sums of ma~ey herein referted to be no1 promplly and fully paid wilhin thirty (30) days next after Ihe same uvcrally beconx due and payab~e, without demand w eotite. or (c) in the event exh and every the stipulations, agreements, conditions ar+d coverunts o1 sa~d promiuory note and th~s mortga~e any o~ eithe~ are not ~uty, promptly and fully performed, d~xha~ged, executed, effected, completed, comp~ied with snd abided by, then in eitMr a any such tvent tM s+id ap~ gregate wm meManed in said promisswy note then remaining unpaid, with iroerest accrued, and all mo~eys xtured he~eby, shall become dw ~nd p+y~ able forthwith, a thereafter, at the option of said MORTGAGEE, as fully and completcly as if all of the said sums of mo~ey were aginally atipulated ~ to be paid on such day, anything in sa:d promiuory note or in this Nlortgage to the contrary notwithsta~ding; and thereupon w thereafter at the opt~on of said NWRTGAGEE, without notice w demand, suit at law w in equity, thercfore or thereaftn begun, may be prosecvted as if all mw~eys seturad hereby had matured prior to ~ts i~+stitution. . 7. That in the event that at the beginning of w at any time pending any suit upon this Mortgage, or to foretlost it, or to reform it, or to enfwo~ payment of any claims hereunder, said MORTGAGEE shall app~y to the Cour1 having ju~isdiction thereof for the appointment of • Receiver, such Couh shall (orfhwith appoint s receiver of said mortgaged prooerfy and singular, includ~ng all and singular Ihe income, profifs, issves and revenues from whaTever wurce derived, each and every of whtch, it being expressly understood, is F+ereby morrgaged as if tpec~fically set forth and described in the ~~antirp and habendum clauses hereof, and such Receiver shall have all the boad and effective funct~ons and powe~s in anywise entrusted by ~ Court to a Receiver, s~d s~ch appointment shall be made by such Court as an admitted equity and a matter of absolute right to said MORTGAGEE, and without reference to the adequacy w inadequacy of the wlue of the property mwtgsged w to the sotvency qr insolvenq of uid MORTGAGOR a tht defendants, and that such rems, profits, income, iu~es and revenues shall be spplied by such Receiver accwd~ng to the lien w equity oi said MORTGAGEE and the p?actite of such Court. 8. To duly, promptty and fully perfwm, discharge, execute, effect, complete, comply with and abide by each and every the stipulations, agreeri~enfs, conditions and covenaors in sa~d promiuory note and this mortgage set forth. 9. That in the event the owrxrship of the mottgaged premises, w amr part theroof, betomes vested in a penon othe? thsn the AIIORTGAGOR, th~ MORTGAGEE, its s~ccessas and assigns, may, without notics to the MORTGAOR, deal with such su~cessa a succeuor in interest with refere~ce to this mortgage and the debt hereby sa~red in fhe same manner as with Nbrtgagor without in any way vitiating a dischsrging the Mortgsgors' (iability herr under p ~pon the deKt hereby secured. No wle of the premises hereby mortgaged snd no fwbea~anoe on ihe psrt of the MORTGAGEE a its auccesson or auig~u and no extens~on of the time for the peyment of the debt hereby secured given by the MORTGAGE~ or its successors or auigns, st~sll operat~ to release, discharge, modify change or affect the original liability of the NIORTGAGOR lurein, either in whok w in part. 10. It is sFec~fically agreed tfiat time is of the essence of this contract and that no waiver of a~y obfigat~on hereunder or of ths obl'gsYa~ se- cured hereby shall at any time thereaNer be hetd to be a waiver of tF~e terms hereof or of the ir~strument secured herby. 11. In addn~o~ to the forego:ng monthly payments of princ:pal aod interest required by the promiswry rate secured hereby, mortgagor covensnts ` and agrees to pay to mortgagee v.ith each mo~thly payrnent an add~rional sum estimaled by mortgagee to be equal to 1/12 of the annual cost of the iollow- ing: A-All real property taxes levied or assessed agai~st the above deuribed real estate. B-P~emiu~ns on fire and windstorm insurance az herein requ~red to be carried on the improvements situate on the above desuibed premises. C-Premiums on such mortgage guaranty insurar~ce as mortgagee shall from time to time deem fit to carry on tF?e loan secured hereby. Mortgagee sHail from time to time notify mortgagor in writing of the amount due and payable hereunder and such sum shall thereupon be due snd payable on fhe due dare of the next month!y payment and each successive month thereafter ur.til mortgagee shall notify mortgagor of a change in such amount. Such sums sF.a'i be applied by mortgagee toward the payment of rea~ property taxes, insurante prem:ums, a~xl mortgage guaranty i~suruxe ' premiums, ~ ' i IN WITIyESS WHEREOF. the said MORTGAGOR hss hereu~to xt his hand and seal the day and year fint aforesaid. ~ Sign Se led s li ~he pre ence of: i ~ •n ' , . s°'~ ( STATE OF fIORIDA 1 . ~ ~ ~ ~ couNn oF St.Lucie eefore me penonslly appeared Leouard H. SC~1111Le ~nd ~ 8~161 SCjlll~ his wife, to me Zvell known s~d know~ to me to bs ~ the individwb described in and who executed the fwe9oirg instrument, and acknowledged before me that they execvted the same for the pwposes therein expressed. And the saiJ Bthel L. Sehilke w~{~ ~ t~ Leors rd H. Schilke ,,~,,.~,,,~„a-p,;~,.n examin~Ywn by me taken separate and apart from her ssid husband, adcnowtedged to and before me that she executed ssid instrywt~f~]y ~i~&~d v~oluw- rarily and without any compulsion, constraint, appreheraion, ot ~eu of or from her said husband. L", ~ WITNESS my hand and official seal this r day of M C A. D:-..14i~..~ ~ • _ . fi L . : ~ . Notary Public in and for the Stste~f FI ~ida ~t lae~{ ; FtLEO AND RECORDED My eo,,,~,;,,;«, exP;,~: I1= J} ~7 ' V a~f~.^ Ta $T. LUCiE COUNTY. FLA. . ~ J_;,: : Fint F~,~ sa~~~. a~~ au«wt~«+ R:.CQRD V E R I~ I E D• ~'•r,. .,Q_ Of Fort Pierce. • - . • - ' C„' Fort Pierce. Florida L 1~.: : '69 MA 2~ PN :25 : - This Instrument Prepared By G First Federal Savings ~ Loan Association R EP. POITRAS ' of Fon Pierce CLERK CIRCUIT COURT Checked By R. .Kaves - . ~1565 ~/~f ~ ~ ,r ~r~,~.-,- V C~ ~ ar . - _ - - ~ ~~'~`a ~ -