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Home My WebLink About1438 i ~ 3. To plac~ and contiewo~ufy keep on tl?~ buitdinps aow a h~reahN sitwt~ on s~id land +nd on +11 eqviW++e~t ~nd p~nonelly cover~d by this mat~ ys, wilh al) p?emiums therea~ pald in fvll, f'ue insur~nte in the ~s~sl standard polity form, {n s sum approvtd by the MORTGAGEE, ~nd w~ndttam insur~nce tn tM usw) st~ndard policy fam, In a ium approv~d by ~he MORTGAGEE, in wch company or comp+nies ~s ths MORTGAGEE may direttt and a11 fin ~nd windstorm insurae~ce policiea on any of uid buildi~+ys, any interest tMrsin or put thereof, in IM a~repate wm a(uesaid o~ I~ ~xcris thersof, shaU contain the usual standard monga9ee clavie w such other claus~ as 1M Matpage~ may requu~, makinp tFa loss u~der w~d poli- ciea, ~ach and every, paysWe ro said MORTGAGEE ~s ib intertst may appear, and each and ~very tuch poliq ihall b~ promptly sss:yned +nd dtlivsred ro ~ny MW by said MORTGAGEE as funher iec~rity to said matgage debt, ~nd, not leu ~Mn ten (10) days in advance o1 the expiration of each policy, to da livsr to iaid MORTGAGEE a reneNal Ihereof, to~ether with a receipt for the premium of tvch ~enewal; and there shall be no fire a windstorm ins~ranc~ pl~ad on a~y of said buildings, any interett therein w p+rt thereof, unleu io the form and wiih the loss payabla as aiores+id; and in th~ ~vent aMr wm of nan~y become~ payable u~der such poliq or policiss said MORTGAGEE shafl have the opt~on lo receiva and apply the iame on accoun? of tht indebted- neu iecured hereby w to pe~mit s+id MORTCsAGORS to ?eceive ~nd use i1 a any pa.~ thereof fa othcr purposes, withou~ ~hereb~ waiving w~mpair- ;nD sny p~r;ty, lien or ~ight under or by virtw of 1ha mwtgsge; and in the event ssid MORTGAGORS :hall fw any reason fail to keep the said premises so insured, or fail b d~liver promptly sny of said policies of insurance to said MORTGAGEE, w fail promptly to pay fully any premivm therefor w i~ any , respecf fail to pKfart4 discharge, execute, eftact, complete, comply with and abide by thes covena~t, a any part hareof, iaid MORTGAGEE may pl~ca ~nd ' paY fa such iowranu w u+y pa?1 thereof without waiviny or affecting ~ny option. lien, equity. ot ?ight under or by virtue of this Mortga9e. ~nd the full amount of each ~nd ~v~ry such payment shall be immediately dva and payable and shall bear interest from the date thereof until paid at ths rsq oi nint per centum per annum ar?d to~Nher with such interest shall be secured by the lien oi this mwtgsge. 1. To permit, commit or suffe? no waste, imp+i~ment w deterioratian of said property w any parf thereof. , S. To pay all ~nd sing~lu the cost~, charges snd expenses, inctuding a rcasonable attwney i fee a~d costs of abstracts of title, incurred or paid at F eny time by said MORTGAGEE, becavae or in the evenl of the failure on the part of ths ssid MORTGAGOR to duly, promptly snd fully perform, d~xMrgR execvte. effect, comptets, comply with and ab~de by each and every the s~ipulanons, agreemenn, cond'aions, a~d covc~ants of said promissory note and thii mortyage any or either, and iaid costs, chuges and expenses, each and every, shall be immediately due and payable; whe~her or not there be notice d~ • mand, attempt to tollett or suit pe~ding: and the full an»unt of each and every such payment shall bea? int~rest from the date thereof ~ntil p~id a1 the ~ rate oi nine pe? centum pe? annum; and all uid costs, charges a~d expenses incurred w paid, togelher with suth interest, shall be sKUred by the iien of this mort~~ge. 6. Thaf (a) in the svent of any bresch of this AAortgage or default on the part of the MORTGAGOR, or (b) in the evenf any of said tums of money herein ~efsrred to be not promptly a~ fully paid within thirty (3J) days next aiier the same severatly become due and payable, without demand or notice, or in the e~rcnt each and every the stipulations, agreements, conditions and covensnts of sa~d promissory note and th~s mwtys9e any or either are not ~uly, prompNy and fully perfwmed, d~uharged, executed, effeded, completed, compl~ed with and abided by, lhen in either or any such eveM the said ag gregate wm meM'aned in said promissory note then remai~ing u~pa~d, with interest sccrued, and all moneys secured IKreby, shall become d~e and pay~ ~ able fathwith, a thereafter, at the option of said MORTGAGEE, as fu~ly and completely as ii all of the sa~d sums of money were orginally sNputsted F to be paid on suth day, anything in said promissory note ot in this Mortgsge to the contrary• notwithstanding; and thereupon a thereafter at the option of said MORTGAGEE, without notice or demand, suit at law w in equity, thcreFore a thereafter begun, may be prosecuted ss if all nwneys secured heteby had matwed prwr ro its inst;tution. ~ 7. That in the event that at the beginning of or at any time pending any suit upon this Mortgsge, or to fo.eclose it, or to refwm it, or to enfo?c~ payment of any claims he~eunder, said MORTGAGEE shall apply to the Court having jurisdiction thereof iw the eppointment of • Receiver, such Court shall Forthwith appoint a receiver of uid mortgaged proQerty all and sirgvlar, includ+ng all and singu~ar the income, profits, iuues and revenues from whatever source derived, each snd every of wh~ch it being expressly undrrstood, is hereby mortgaged as if speu!ically xt fath and described in the gran~ing and habendum clauses hereof, and such Receiver sMll Mve all the broad and effective funct~ons and powers in a~ywise entrusted by a Covrt to a Receiver, and ~ such sppoiNment shall be made by wch Court as an ad:nitted eqvity and a matter of absolute right to said MORTGAGEE, and witlw~t refererxe to the edequscy or inadeqwty oi the value of the pro{xry mortgaged or ro the soivency o+ insolvency of said MORTGAGOR or the defendams, and that such rents, profin, income, issues and revenues shall be applied by sixh Receiver according to the lien w equiry of said MORTGAGEE and the practice of such Court. 8, To d~rly, promptly and fully perform, discharge, execute, effetl, completq corteply with and abide by each and every the stipulations, agrcements, conditans and covenanta in said promissory note and this mwtgage xt fath. 9. That in the event tFx ownership oF the mortgaged prem~ses, or any part thereof, becnmes vested in a penon other than the MORTGAGOR, the MORTGAGEE, ib successon and suigns, may, without notice to the MORTGAOR, deat with such successw w succes~r in imerest with reference to this mo.tgage and the debl hereby secured in the same manner as with Mortgagor without in any way vitiating w diuharging the Mwtgagori lisbility hera under w upon ~he debt Mereby secured. No sale of the Fremixs hereby mortgaged and ~o forbearance on the pan oi the MORTGAGEE or its successors or auigns snd no extension of the time for the payment of the debt hercby secured given by tlx MORTGAGE'_ or iri successws or auigns, shall operate to release, d~scharge, modify change or affect the original liabil~ty of the MORTGAGOR hcrein, either in whole or in part. 10. It is spec~fically agreed that time is of ~he essence of this contrac~ and that ~o waiver of any obliga~~on hereunder or of the obligation se- 'k cured heteby shall at any time lhereafter be held to be a waiver of the terms hereof or of the instrument secured herby. E and ag moctgagee with each monthly payrnent an addirional sum estimated by mortgagee to be equal to 1~'12 of the annusl coat of t fo~w- ~ i A-All real property taxes levied or sssessad against dex~~bed rea~ ' ( 8-Premiums on fire and wi~dsrorm insurance as her ' o the improveme~ts s~tuate on the above desvibed premises. C-Premiums on such mortgage guar rar~ce as mortgagee shaN from rlme to time on the loan secured hereby. Mortgagte shall from ' time notify mwtgagor in writing of the amount due ar+d payable hereunder and such sum s a fier~ n be due ~nd Fayable on the ~-etate' of the next monthly payment and each succcssive month thereafter urtil mortgagee shall notify mortgagor of a cha ' such amoun~ums shail be applied by mwtgagee toward the payment of real property taxes, insurance prem:ums, and mortgaye guaranty insura i . k IN WITNE55 WHEREOF, the said AhORTGAGOR has he~eunto xt his hand 1 the day and year first aforesaid. ~ ~ Sg Se~ted a de~~„ ed the prese~c~ of: FILED AND RECO~~~~ - , ST. ~UCIE COUPJTY. FLA. s . :-c rn1~n ;~r. ~IF?ED ; i'79985 `~'q ~ cs..~ ~ '69 J!!~d 3 0 AM I I: 0 `~"Q ~ i STATE OF FIORIDA ~G 4 ~ couNn oF ST . L:JC IE ~ a ~ E ~ ^ ` . F4;TR:~S Sefore me panonally appesred ~ a[`~ril~~A IF~ S 1 l lq l@ 8 d l l l t K~C 5 ~~p(q~ to me well k~+own and 4~+own to me to b~ ~ the individval~ dewibed in and who executed the fore9arg instrument, and acknawledged before me tF~at ~he~ executed the same for the p~rposes ~ therein ~xpressed. - } ~~C f WITNESS my t+~nd and ofific~al seal th' day of une a p. 1969 1 ~ ~x-'• Noury Public in ~nd f Stat~ of F{ori3a at lupe ~l+' My Commiuion ~xpires: ~ Retur~ To: ~tt~'~ ~ ti'• . S~f p~~~~ F Firsf Federal Savirgs d~ Losn Assotiation O' «pi ~t (,~t Of Fort P~erce. ' -ti~.•' " ' - ~ ~MIMl11pA ~ 4t ~ . p~es Sept. 23. 1969 ~ fort Pierca Flo?ida _ ~O'~'d h' iw a Ca.,..~„ € # . - ' - Y . • • . ~ ~ This Instrument Prepared By J. D. Chastain . _ ~ ~ Fi~st Federal Savings b Loan Association . ~ ~ , ~ of Fort Pierce ~ Flozida ' ~ - Checked By ~t7~ ~ ~ ~ ~ 80~178 ~C1437 _ ~ ~ ~ ~ ~ ~ . ; V : ; ~ r ~ . _ _ ,,_~:~.x~,~: