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Home My WebLink About1362 ? - • , ~ ~ 3. To placs and continuously kc~p or? the buildir~s now w hereaft~? sit~ste on eaid land ~nd on all equipm~n? ~nd pawnally covered by ?his mat~ ags, with dl premiums Iheraon pa~d i~ full, fi~e i~su~ance in ths usual ~tandard polK~ form, i~ a sum approved by Ihe MORiGAGEE, and windstorm inswanct k? ths ~swl standard poliq fum, in a wm spproved by the MORTGAGEE, in such car~pany w companies ai Ihe MORTGAGEE may ~ dirKtj u~d all fin ~nd w;ndslo~m insvtinte polities on ~ny of ss~d buildinps, ~ny interesl therein or pa?t thereof, ln tM ygre9ats sum afaeia~d or ! in ~acess thaeof, ihsll contain the usual ~tandard mortgagee cl~use w such other clauss as ths M«t9agae may req~ir~, makinp tha loss unda sa~d poli~ ~ cies, eac1~ ~~d every, payable ro wid MORTGAGEE as ~b intereil may appear, ar?d each and every ~uch policy sFu+ll be promptly au:y~ed and delivered to ~ ++~y held by said MORTGAGEE as further ucu~ity to ssid mor~9ags dcbt, and, not less than ten p0) days in advance of the ~xpir~tto~ of each pofiq, to da liver to said MORTGAGEE s renewal tF~ereof, to~e~he~ with a receipr for the premivm of tuch renewal; and the:s shall ba no fire o? windstorm int~r~nce plac~d on ~ny of said buildings, ~ny intereit the~ein ot put 1he~eOf, ur.!ru in the fo~m ~nd with the lou p~yable as afaesaidj and in ~he sve~t any :um ; uf mon~y becomes payable under such policy or polKies said MORTGAGEE shall have t~+e opt~on to receive and apply the ume on accovnt of the indsbted- E ~ess setu~ed hereby or M pc~mct said MORTGAGORS ta rKeive and us~ it p any part therrof for other pwposes, wirhout thz~eb/ waiving o~ ~mpair- ing ~ny equiy, lien or ri9M under or by virt~e of thu mortyage; and in the went said MORTGAGORS thalt fo? a~y reason fait to keep the taid premius so insured, q fail to deliver promptty ~ny of said poiKiet of insvrance ro said MORIGAGEE, or fail piomplly to pay fully any premium therefor or in a~y respect fail to pKfwm, dixharge, execute, affecL complete, tomply with and ab~de by this covennn~, a any part he~eof, said MORTGAGEE may place and paY fw suth insu~anct w any part thereof without waiving or affettin9 ar?y option. lien, equity, w right vnde~ or by virtue of this Maegaye, and the full amovnt of sach and ~very such payment shall be immcdiately due and payabte s~d shall bear interest from ths date thereof u~til paid at the rate oi nine pe? centum per annum and togeiher with such interest shall be szcvred by 1he lien of this mortgage. 1. To pKmit, oommit or suffer no waste, impairment or deterioration of said property ot any part thereof. 5. To pay all ~nd singular the costa, charges snd expensea, inc(uding a reasonabte st~wney i fee and cosrs of abstracts of title, incvned a paid at any time by ~aid MORTGAGfE, becavse w~n the event of the faiture on the part of the said MORTGAGOR to dvly, promptly and f~lly perfwm, dixharge, execute, efteN, complete, comply with and ab~de by each ar?d every the stipulations, agreements, cond~tions, and covenann of said p~omiswry note and this mwtgaye any w either, and said cosn, charges and expenses, each and evrry, shaU be immediately due and payab:e; whether w npt ther~ be netice de~ mand, attempt to cotlecl p wit pend~rg; and the full amo~m of each and tve?y si?ch payment shall bea? interesf from the date thereof u~til paid a1 the rate of ni~ per centum per annum; and all said costs, charges ar~d expensea inturred w paid, togetMer w+th such interest, shal) be secured by the lien of thif morAyaQe. 6. Th~t (s) in the evenf of any breach of this Mortgage or deFault on the part of the MORTGAGOR, or (b) in the event sny of said s~ms of money herein referred to be not promptly and fully paid within th;rty (30) days next after the same uvera?ly become due and payable, without demand o~ notice. or in ths evant each and every the stipulations, sgrecments, co~drtions and covenants of sa,d promissory note and th~s mortgage ar+y or eithe? are nol ~uly, promptly and fully pe~fwmed, d~scharged, executed, effected, completed, compl~ed w~~h and abided by, then in either w any tuch eve~t tM sa~d a~ gregate wm mentioned in said promissory note then remaining v~pa~d, with intere:t accrued, and aU moneyi secured hereby, shall be~ome due and pay- ; ab!e fwthwith, or thereafter, at the option of said MORTGAGEE, as fully and comple~ely as if all of the said sums of money were wiginally stiputated to be paid on such day, anything in sa;d p~omiuory note o~ in this Mortgage to the contrary notwithstanding; and thereupon w tAereafte~ at tAe opt~o~ of said MORTGAGFE, without notice w demand, wit at law w in equity, therefwe or thereaiter begvn, may be prosecuted ss if all moneys secvred hereby nad matured prior to iri irntitution. 7. That in the event ?hat at the beginning of w at any time pe~ding any suit vpon this Mortgege, w to fwectose it, or to reform it, w fo e~force payment of any tlaims herevnder, sa;d MOR7GAGFE shall apply to the Court having jur~sd;c~ion fhereof for the appo~ntmem of s Receiver, such Cwr~ shalt ~ for~hwith spfw~nt a receiver of said mortgaged prooerty all and singula~, includ~ng a?! and singular the i~come, proiits, iuues and revenues from whatever ; sou.ce de?ived, each and every of wh~ch, it being expressty understood, is hereby morrgaged as if speufrcally xt fath and dex~ibed in the granting and f habendum clauses hereof, and such Receive~ shall have alt the lxoad and effenive funcnons arxl powers in enywise entru~ted by s Court to a Reteiver, and # such appointment shall be made by such Cou~t as an ad:nitted equ~ty and a ma~ter of absolute right to said MORTGAGEE, and withovt refererxe to the F adequacy or inadequacy of the va~ve of the p~operty mwtgaged or to the soivency or inso!vency o( said MORTGAGpR or the defenda~ts, and that such ` ren~s, profits, income, iuues and revmues shalt be applied by such Receiver accord~ng to the lien or equity of said MORTGAGEE and the practice of such ! Court. 8. To duly, prompfly and fulty perform, discharge, execute, effec~, complete, comply with and sbide by each and every the stipulations, ~greements, cwidiYans and covenanrs in said promisswy note and this mortgage set fath. 9. That in the event the ownership of the mortgaged premi:es, w any parT thereof, becomes vested in a person other fhan the MORTGAGOR, the ? ~NORTGAGEE, its succeuws and assigns, may, withou~ notice to the MORTGAOR, deal wirh suci+ successw a successor in interest wifh ~eference to this mortgage and the debl hereby secured in the same manner as wi?h Mortgagor without in any way vitiating or d~scharging the Mortgagors' liability here. # under or upor~ the debt hereby secured. No sale of tF,e premises hereby mortgaged and no forbearance on the pan oi the N{ORTGAGfE or its succeuors or assigns and no ex?ension of the time for the payment of the debt hereby secured given by the MORTGAGE~ or its successors w au~gns, shall operate ta release, d~icharye, modify change or affect the original liau~l~ty of the MORTGAGOR herein, either in whole or in part. 10. h is specifically agreed that time is of the easence of this contract and that no waiver of any obl~gation hereuncler a of the obtigation se- cured htreby shaU at any time rhereafrer be held to be a waiver of the terms hereof w of ihe instrument secu?ed herby. 11. !n add~t;on ro the forego:ng monthly payments of princ'pal and interest required by the p~om~ssory note secured hereby, mortgagor covenants and agrees to pay to mortgagee with each monthiy payr.,ent an add~~ional sum esnmated by mortgagee to be equal to 1~`12 of the annual cost of the follow- i~g: A-Alf real property taxes levied or assessed agai~st the above described real estate. B-Premiums on fire and windstorm insurar.ce as herein requ;red to be carried an the improveme~ts s~tuate on the above described premises. ~ C-Premiums on such morlgage guaranty insurance as mortgagee sha!! irom t~me to time deem fit to carry on the ~oan secured hereby. ~ Mortgagee shall from time to time notify mortgagor in writ~ng of the amount due and payable hereundrr and such sum shall thereupon be due and payable on the due date of the next monthty payment and each successive month thereafter ur.til mortgagee shall ~ot;fy mortgagor of a change in such amou~t. Such s~ms sFall be applied by mortgagee toward the payment of real property tazes, insurance prem:ums, and mortgage guaranty insurance premiums. IN WITNESS WHEREOF, the sa7d MORTGAGOR has hereunto set his hand snd seal the day and year first afwesaid. " ned. Sea and d ed in the p?esence of: EI,IED. ANO RECOADED .,;i~~OC~ , (s~a4 ~ ~'~-.~LUG1E COUNTY, FLA. ~ E- = ^ ` ! I ~ Q (Seaq _ 1'799~~: ~ L_i 1. Ul L /Seslj 71q (Seaq SiATE OF FLORIDA ~9 ~i~~RI 1 P~ . L 0 COUNTY Of - ~ t - ~ i ~ ~ eef«e me penoeally appeared R ob e r t M. L 10 VC~ tiS Carolyn S. Lloyd ~^i~IT COURT 6~--~.~t}S-Cs.~ his wife, to me well known and known to me to be the u?dw~du+b desn~bed in and who executed t}?e foregang instrument, and ackrwvvtedged before me that they executed the same for the pvrposes rhe?~~~ expreued. a„d the w;a Carolyn S. L,loyd w~le of tM sa~d - Robert M. LIOVCI upon a sepa.~te and private examinat'an by me taken separate and apart from her said husband, acknowledged to and before me that she executed said instrument freely and volurn i rarily and without sny compuliwn, constraint, apprehensioq'p fear of or from her said husband. f WItNESS my hand and official seal this day oi A. D. 19~4 ~ ' Notary Pu in and for the Nte of Flaida ~t Larqe Retur~ To: _ My Com ion e:pires: V(~ /9 y "~`7 fint Federat Savings 6 Loan Association . .:~:;!}it, • or io.f P~erce. - _ ~lotary FuWK, Siate oi Florida at Urqe FOrt Pierte. Florida . ''a Mr Caa~ission E~pir~a Auq. 6• 17/ ~ _ _ s /~Id~fe~i~aF~~ti~~Al . i _ This Instrument Prepared By J. D. Chastaint~ ~ a First Federol Savings 8~ Loan Association ~ v:•:~ ; of Fort Pierce, Florida x~ ~ ` ~~~t• ~4 ~3~ Checked By - ' ~''i' a~~78 ~~i3b'i. ~ ~ ; r- , , : ~ _ _ _ ~ - - _ - _ . - : _ . : ~