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Home My WebLink About1118 , ; ~~J f 3. To placy and continuously keep on tM buildinp~ now a hsreaftN sitwt~ on said land and on ~11 equipment ~nd paw~~lly covtred by this mat9- sQs, with ~I) premiwns lhereon paiti in full, fir~ insu~t~c~ in tM us~al itandard policy fam, tn a tum ~pproved by tM MORTGAGEE, and windstam ~nswanc~ In ths ~swl srendard pof~cy form, in a sum ~pproved by tM MORTGAGEE, in such company a compaoies u tM MORTGAGEE may direclj ~~d all fir~ ~~d windstorm insurancs policies on ~ny oi ~sid b~ild~nps, any inte~es~ tF+erein or part )hereof, in Iht aQqrey~~e tum aforesaid ot tn exceas theraof, sh~ll contain the usual standard mat9a9ae clause w:uch other clauss as th~ Mo.tQagee may requue, makin~ Ihe loss ~nder s~d poli~ cie~, each and ~very, payable ro said MORTGAGEE as ils in~erest may ~ppss~, ar+d esch and eve.y tuch policy shatl be promptly ass:yncd and delivend to +ny held by said MORTGAGEE ~s (unFwr security to said mortgage debt, snd, oot iess Ihan ten (t0) days in advance of tM expi~ation of exh poliq, to d~- liver to said MQRTGAGEE a re~ewa! the~eof, topethsr with a receipt fw the premium of such renewal; and there shall be no fire or wi~dsto~m iniurant~ placad on sny of said buildings. s~y inte~est there+n or part thercof, unleu i~ ~he fam and with the loss psyable ai afaeuid; ~nd in tM tveM any wm of money becomes payable unde? iuch policy or policies said MORTGAGEE shaN have the option ~o ~cceive and apply the same on acco~nt of the indebted ness iacu~td hOrfby Or to permit said MORTGAGORS to reteive and us~ i1 W any pa~t therepf fw othcr purposes, wilhout thereb/ waiving or u~~pair. in~ any p~ity, lien or riyht under or by virtue of this mortyage; and in ths event said MORTGAGORS shal) fo~ any ~eason fail fo keep the said p?emise~ so insured, p~ fail b detiver pomptly any of said polities of inwrance to Wid MORTGAGEE, a fail promptly fo pay fulty any premium therafpr p in sny respett fait ro pKfwm, distharge, execute, effect, camplete, comply with a~d abide by this covenanl, o~ any part hareof, said MORTGAGEE may piste uxi pay fw such irqurancs w~ny part the~eof without waiviny w affectlrg a~y option, lien, eqvify, w right under or by virtw of this Matga9e, and the full amount of tach ~r?d every such paymeM shall be immediatety due and payabls and shall bear i~teresl from tFw date thereof vntil paid at th~ rate ot nine per centum per ann~m and together with such interest shall be secured by the lien of this mortgsge. To p~rmit, aommit w suffe? no waite, impairment or detera~ation of said proptrty or any part the?eof. S. To pay all ~nd singutu the costs, charges and expenses, ir+cluding a reasonable sttwney i fee and costs of abstracts of titte, inc~rred w paid at eny time by wid MORTGAGfE, becavse or in the event of the failure o~ the part of the said MORTGAGOR to duly, promptly s~d fully perform, d~uhargq execute, effett, complete, comply with and ab:de by each and every 1he stipulations, agreements, conditians, and cove~ants of said promissory note snd this mortqa9e any cv eilher, and said costs, chargcs and expenses, each and every, ahall be immediately due and payable; whether w not there be netite de~ mand, attcmpt to colkct or tuit pending; and the full amovnt of each anrJ every such payment shall bea. interes~ from the date thereof untit p~id at the rate of ni~e per centum per arnium; and all said costs, charges and expenses incurred or p~id, together w~th such inte~est, shall be secured by tM lien of thw mort~aps• 6. That in the event of any breach of this Mortgage o~ default on fhe part of the MORiGAGOR, o~ (b) in the event any of sa~d s~ms of n?oney herein referred to be not promptly and tully paid within thirty (30) days next afrer the same xve~ally become due and payable. without demand or ootKe, er (c) in the event each and every the stipulaiions, agreements, conditions and covensnts of sa;d promiuory note and th~s mortgage any o~ either are no1 ~uly, prompNy and fully performed, dtuharged, cxecured, effected, compteted, comp:ied with and ab~ded hy, then in either w eny such event the said ay- gregate svm mentioner! io said promissory note then remaining unpaid, with iNerest accrued, and all moneys secured hereby, shall become due and pay- able forthwith, w thereatta, at the option of said MORTGAGEE, as fully and completely as if alI of the said sums of money were orginaily s~ipulated to be paid on such day, anything in said promiuory nofe or in this Mortgage ro the contrary notwithstand;ng; and thereupon o? thereafta a1 the option of said MORTGAGEE, witho~~t notice or demand, suit at law w in equity, therefwe or thereaiter begun, may be prosecuted as if all moneys secured h~veby nad matured prior to its institution. 7. That in tfie event that at the beginning of w at any ~ime pending any s~~t upon this Mortgage, o? to foretlose it, w to refam it, w to enfo?ce payment of any claims hereunder, said MORTGAGEE shall apply to`the Court having jurisd~ction thereof fw the appo~ntmenl of a Receiver, such Court shall Forthwith ~ppoint s receiver of said mortgaged property all snd singular, inc:ud~ng all and singular the income, profits, issues a~d ~evenues from whatever source derived, each and every of wh]ch, i~ being exp?essly understood, is hereby mortgaged as if speufically set lath and described in the graming and habendum clauses he~eof, and such Receiver shall fiave atl the b~oad and effective funct~ons and powers in anywise e~t?usted by a Cou?t to a Receiver, and such appointrn~nt shall be made by such Court as an admitted equity and a matter oi absolure right to said MORTGAGEE, s~d withoui referente to ths edequaq or insdequaq of the value of ~he property mortgaged or to the wtvency or insolvency of said MORTGAGOR a the defendants, arx! that such rents, profits, income, iuues and revenues shall be appl~ed by such Receivcr according to the lien or equity of said MORTGAGEE and the practice of s~ch i.ourt. 8. To duly, promptly and fully perfwm, discharge, executr, effect, complete, comply with and abide by each and every the stipulations, sgreemenri, ~ conditions and covenams in said promissory note and this mortgage set forth_ 9. That in the event the pwnership of the mortgaged premises, or any part thereof, becomes vested in a person other tAsn the MORTGAGOtt, the MORTGAGEE, iri suctesson and ass;gns, may, withoul nofice to the MORTGAOR, deal with svch successor or successor in interesl with refererxe to thia mortgage and the debt hereby secured in the same manner as with Mortgagor without in a~y way vitiating or distharging the Mortgagori liability here. under or upon the debt hereby secured. No sale of the premises hereby mortgaged artd no forbcw,ance on tFrc parf of the MORTGAGEE w its successots or assigns and no extension of the time fa the psyment of the deb+ hereby secured given 6y the MORTGAGE£ or its successws a au~g~s, shall operate ~ ro reteax, discharge, modify change or affect the orig~nal liabil~ty of the MORTGAGOR herein, eifher in whok o? io part. 10. It is specifically agreed that time is of the euence of this contract and that na waiver of any obligatio~ he?evnder pr of the obligstion se- cured hereby shall at any time thereafter be held to be a waiver of the terms hereof or of the instrument secured herby. 11. In add~tio~ to the fwego:ng monthly payments of princ pal and interest requ~red by the promissory no!e secured hereby, morfgagor tovenants and agrees to pay to mo:tgagee with each monthly payment an add~rio~al sum estimated by mwtgagee to be equal to 1;'12 of the annual cost of the follow- ing: A-All real prc,~erty taxes levied or assessed against the above described real estate. 8-Premiums on fi~e and windstorm insurance as here~n requ;red to be carried on the improveme~ts situate on the above destribed premises. C-Premiums on such mortgage guaranty insuran~e as mortgagee shall from t~me to time deem fit to carry o~ the toan secured hereby. Mortgagee shail from time to time notify mortgagor in writing of the amounf due and payable bereundrr and such sum shali thereupen be dve and cayable on the due date of the next monthly payment and each successive month thereafter ur,tit mortgagee shall notify mortgagw of a change in such amount. Such sums shall be applied by mortgagee toward the payment of real property taxes, insurance prem:ums, a~xl mwtgage guaranty insurance premiums. IN WITNESS WHEREOF, the said JN~RTGAGOR has hereunto set his hand and seal the day and year first afaesaid. Si , ealed an d i e presence of: ~ p rse,n ~s~.n STATE OF fIORIDA ~ St. Lucie couNn oF Befwe me personally appeared C laude H. COmbS •nd Louise L. Combs his wife, to me well known ~nd known to me to b~ rhe individ~als described in and wlw executed the foregoing inst~ument, and adcnowledged before me that they executed the same iw the purposes rhezein exp~etsed. And tIx said Lo uis e L..C OIIIb S w~fe of ths said C laude H. Combs ~ ~~e ~ upon sePa priV~tf examin~twn by me taken separate a~d apan from her said husband, acknowledged to and befwe me that she executed uid instrument fteely and volur? ; rarily and without any compufsion, constrai~t, epprehension, or fear of or from he? said husband. t-"'' i WlTNESS my hand and official sea! this sZ~ da of ~ y 0. D. 19~5Q,_ . - , _ - Notsry Publit in and fo~ th~ S1af2'b~ F' s at L~rs~ Return To: My Commission ~xpires: : . Fint Fedenl Savings 3 toan Associat~on FILEO AND RECORD.~..`~`- of Fo?~ P.«ce. ST. LUCIE COUN7Y, F~A: Fort Pierce. F~wida E. ~ n? n ~ i~9'7f3~~ 'G9 J~;!~ 2 4 PM 3: i 9 This Instrument Prepared ~y ~2ichard K. Kaye s C~~~ First Federal Savings b Loan Association ~y,,, of Fort Pierce ~ F la ri ~ O/~ ~ ~ ~,D ;:{~:.t. +t . Tr~..S Checked By C~~~k ~~`~~~~T COURT Boox 178 ~~~~1'l ~ ~ ~ ~ _ _ . ~ ~ ~ .y~~