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Home My WebLink About1351 . 1' S • ` ~ ; ? . • - 3. To plac~ and contin~wily k~ep on the buildinps raw ar he+~aft~r sitwt~ oe~ said land snd on ~II equipm~nt a~d p~rwn+liy cov~?ed by thia mat~ ! +g~. with all pr~mivms thereon p+id i~ full, iin insurana in tM u~ual standa~d policy form, in a sum app~oved by IM MORiGAGfE. and winditam ~ insura~ce in ths ~swl ~tandard pol~cy fam, in s sum ~pprovad by the MORTGAGEE, in such company w carPa~~es a tM MORTGAGEE may i diredt ~nd ~II firs and winds~orm insvranc~ policKS on anY of s+id buiidi~?ys, any inttrs~t therei~ w p~rt thtreof, in tM s99re9~t~ ~um ~fores+k! w ir? ~xcess thereof, shall contain ths usual star+dud matpsgK claus~ w such other claus~ as the Mortyayes m+y roquin. mak~r+p the lou unde~ said po~F cies, esch ~nd every, psyable ro aid MORTGAGEE ~s its intarest may ~ppea~. +nd e+ch and every s~+ch policy shall br p~omptly ~u:9ned and de~ivered ~o •ny held by s~id MORiGAGEE +s further ucurily to said mortpa~e debt, ~nd, not leu than ten (10) daYS in advance of the ~xpiration of eath policy, to d~ 11ver to said MORiGAGEE ~ renew~l the~eof, topetMr with ~ receipt fw the premium of such renewal; a~d thare ihall be no fire or winds~am inwr~nc~ placed on any of said build~nps, u+y interest therein a p~rt thereof, unleu in the form and with tht loss payabls as aforesaid~ ~nd in the ev~nt a~y tum of mon~y becanes p+y+bl~ ~nd~? :uch policy or policies said MORTGAGEE shall have tha option to receivo and spply the ssme on accouM of th~ i~bted- neu stcu~ed he~eby w ~o pe~mit isid MORTGAGORS to rcceiw and ~ it p a~y parf theceof fa other purposes, without th~reb~ waivi~y or ~mpair- iny any equiry, lien w right und~r or by v'utw of this rtars~syet H+d i~ the evero Nid MORTGAGORS shall fa any reason fsil to keep the said premius so iniv~ed, or fail to deliver promptly any of said policies of i~sur~ncs to sa~d MORTGAGEE, or fail promptly to pay fully any premium the~efar a in a~y respecl fail to paform, dixhuge, execute, ~ffect, complets, comply with s~d +bide by this tovenant, or any part Mreof, said MORTGAGEE may pl~ce snd pay fw such inswanc~ w any part th~reof withouf waivirg w sffactinp any oplion, lien, eq~ity, or right und~r a by virtw of this Mwtga~, and the full amount of eath and twry wch payment shall be inwnediately dw and payablt ~nd shall bcar i~terest from tFa date thereof until paid at the raro ol ; n~ne per ce~wm pe~ annum ar?d togethe~ with s~ch interest shall be ucured by the lien of this mortgage. 1. To pKmit, commit w wffa no wute, imp+i~mcnt w deteriwation of ~aid prope~ty w+ny p~?t thereof. ; S. To psy ali ~rd sinpvlu the cosn, charpes snd expenses, Including a reasonabk attwney`s fee and msn of abstracb of title, incurred or p~id at ! any time by said MORiGACaEE, becavse or in the ~vent of the failure a+ ths p+n of the said MORTGAGOR to duly, prompNy and fully pe~fwm, d~scharge, ~ execute, effea, camplete, comply with and abide by ead+ a~d every the stipulat~ons, agreements, conditions, snd covenants of said prom7ssory note and thii ; mortgape any w eithar, and sa~d cosn, thuges and expenses, each and every. shall be imrtr.diately due and p+yable: whetF?er o~ not there bt notice dQ mand, sttempt to colkct or svit pending; and the full amouM of each snd every such payment shall bear infercst from the date thercof w?til p~id at the rate of nino per crntwn per annum; and all uid costs, cMrges and e:penses inturred or paid, together with such interest, shall be secured by the lien of thii morfpage. 6. That (a) in the event of any b.each of tha Mortgag~ or defaul~ on the part of the MORTGAGOR, or (b) in tF~e event any of wid tvms of mo~ey herein referred to be not promptly and fully p~id within thirty (30) days next after the same severatly become due and payable, without demand w no~~te. or in the evem each and erery the stipufations, agreements. conditions and covMants of sa~d promiuory note and th~s mortgage +~y a either are no1 iuty. prompHy and fully pe~formed, d~uharged. executed. effected, completed, complied wi~h and abided by, tha+ in eNher or sny such event tl+e saed a~ gregate sum meniwned in said promissory note then remainirg unpaid, with interest accrued, and all moneyi secured hereby. ~hall become dw and pay~ able fwthwith, Of fF~QfNffN, ~t the option of said MORTGAGEE, as fully and completely as if all of the wid sums of money were aginally st~pulated ! ro be paid on such day, anything in said promiuory note w in this Mortgage to 1F?d contrary notwithstsnding; and thereupon w thereafter at the op~ion of said MORTGAGEE, w~thou~ notice w demand, wit at law or in equity, therefore Of tlltfN~iN be9un, m+y be prosecuted as if all ma?eys secvred hereby had matured pnor ro iri institution. 7, ihst in tl+e event that at the beginning of or ~t any time pending any suit upon tha AAortgage, w to fweclose it, w to reform it, Of fO MfOIM payment of any claims hereunder, said MORTGAGEE shalt apply fo the Coun having jurisoic~ion thereof for the appointment of a RKl~VN, such Court sMll forthwith appoiM s receiver of said mortgaged property all snd singular, includ~ng all and singvlsr the income, profits, issues and revenues from whatsver wurce derived, each and evcry of which, it bein~ expteuly understood, is hereby mortgaged as if specifically ut fwth and desuibed in the ~rantirg and habendum clauses hereof, and such Receiver shall have all the broad a~d effective funct~ons and powers in anywise entrusted by a Cou?t to a Rece+ver, and :uch appointment shall be made by such Court as ~n admitted equity and a matter of absolute right to said MORTGAGEE, and without reference to the edeq~acy or inadequacy of the v~lue of the property matgaged w lo the sowency or insolvency of uid MORTGAGOR a the defendants, and that such renrs,.profits, incorne, iuues and revenues shall be applied by such Receiver according to the iien or equity of said MORTGAGEE and the practice of such Court. 8. To duly, promptly snd fvlly perform, dixharge, execute, effect, complete, comply with ~nd abide by ~ach and evxy the stipulations, ag?cements, conditions and covenams in wid promissay note and this mortgsge set forth. 9. That in the eveM the ownership of the mortgaged premises, or any part thereof, becomes vested in a person other than the MORTGAGOR, ths MORTGAGfE, its succeuors and assigns, msy, without notice to ~he MORTGAOR, deal w~th such succeuor or successa in interest with reference to this mortgage and the debl hcreby secured in the same manne~ as wi?h Mortgagw without in any way vitiating w diuharging the Mortgagors' liability herr under a upon the debt hereby secured. No sale of the Fremises hereby mottgaged and no forbeara~ce on the part of the MORTGAGEE w its successo~s or auigns and no eatensan of the time fw the psymem of the debt hereby secured given by the MORTGAGEf or its successors w assigra. shali operate ro releau, discharge, modify change w affecf the original liabiliry of Ihe MORTGAGOR herein, either in whole or in part. 10. It is specifically agreed thst time is of the essence of this contract and that ~o waiver of any obligat~on hereunder or of the obl'igaYan se- cured hereby shall at any time thereafter be held to be a waiver of the terms hereof or of the instrument secured herby. I1. In add~tio~ to the faego:ng monthly payments of princ'pal and interest required by the promissory note secured hereby, mwtgagor covenants and agrees to pay to mostgagee with each monthly payment an add~rional sum est;mated by mortgagee to be equal to 1% 12 of the annual cost of the iollow- ing: ~ A-All real property taxes levied or assessed against the above described real estate. B-Premiums on fire and windstorm insurance as herein requ~red to be carried on the improveme:+ts situate on the above described prc~mises. C-Premiums on such mortgage guaranty insurance as mortgagee shall from time to time deem fit to cany on the loan secured hereby. Mortgagee shall (rom time to time notify mwtgagor in writ~ng of t1ro amovnt due and payable hcreu~der and tuch surn shall tF~ereupon be d~le and ~ Fayable on the due date of the next monthty payment and each successive month thereafter ur.til mortgagee shall notify mortgagor of a change in such ; arr,ount. Sc.~ch sums shall be applied by mwtgagee toward tF+e payment of real property taxes, insurance prem:ums, and mwtgage guaranty insurance ` pfemiums. ' ~ IN WITNESS WHEREOF, the ssid MORTGAGOR has hereunto set his hand I the day ~d y r first aforesaid_ E • ned, Sea and ' e~ed in the pre~ence o~~LEO AND RECOR~~ ~ ST, l.UC1E COUNTY. FLa. ,q ; RE:C~RCI VER1F'ED ~.q ~ ~ .1~~:~~ ~ ~'n ; ~ . p .o '69 ,fUF~ 17 PM !2 • 2 S7ATE OF FLORIDA ~ St . LuciQ ~ ~ ^ ~ coun?n oF : , g ~ Before me personally appeared f~O and ~ ~1 01~11a his wife, to me well known and known to me to b~ the ind~vidwls described in and who executed the forayoirg insirument, and acknowledged befwe me /Mt they executed the same for the purposes ~ rherei~ exprnsed. And the said ~1~ iAa ~lr~tYOn ~ wife of ths said ~y~~ ~r~Y~ upon a separate ~nd pirv~t~ ~ examinatan by me taken separate and apsrt from her said husband, ~tkr~owledged to and before me tF~at she executed said instrument f~eely and voiurr ra~~ly ar+d witF?o~t any compulsion, constraint, apprehension, w fear af w from her taid husband. ~ WITNESS my Mnd and offic~al seal this~~~ ~ dsy of 'J~Q A. D. 19 69 ~ - g . Notary P lic in ~r+d for the tate of Florida ~t Lupe My ission expires: 6 l! 7/ . i i; Retum To: ~ finf Federal Saviny~ 3 loan Association at ~ Of Fort P~erce. NQt~ry Sute 0~ ~a ~ ~ , , c : : • ~y (.o~,miss'we ,Expires 'Au9. 6• 1971 ~ Fwt Pierce, Flaida • . ~`i'~ . ~ ' Jv ' • .1• Y ` - b.e~d a? ~?..d.. E!! ~ c.++~Y~t Ca~ ~ • ~ ~ ~ ' ~ ~ ~ l~~~~~ _ . ~ILED AND RECORDED ~ - ~ - ~ LUCIE COUNTY. FLA. This Instrument Prepared By ; ~ - _ _ ' • ~ First Federal Savings ~ loan Association c ~ ; ~ ~ ~ i'799~~ F`~ • of Fort Pierce ' . ~ . , ~ 27 A!~ II : 3 ~ Checked By John W Collitis ~6g ~~l~ ~ ~ ~ ~ : , ~ ~ ~./~Y~ s-~ i e0R ` d ;o~-~? ; ~TRas ~ ~ OK~~~ P~~E~3~ f ~1~ ~ s~ C~Ef~K Clri~lf!T COURT p: t ~ _ : . . 1~ - ' ~ _ ~;,y ~ _ ~ s e ~ ~-~..v _ . ~