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Home My WebLink About2724 1 ° To plaa and contiovousy kesp on th~ buildinps now a haeaft~? utu~t~ on s~id land and on all equipmtnt ~nd p~nonaily covertd by thii enwtp~ p~, with all premiums ihtrepn p~id in full, fi~e uuurantt in ~he uswf trandard po~icy form, io s sum approred by ths MORiGAGEE, ~nd winditorm lmwanc~ in tM u~wl sund+.d policy fwm, ta a ivm approved by ~ha MORTGAGEE, i~ sirch company or companies is tFw MORTGAGEE may dinctt ~~d all fir~ ~nd windsarm 'uuwance policiss on any of sa~d build~ngs, any inte~e~l thtrein w parl thereo/, i~ tM a~rtyare sum afwesaid w in ~xt~ss tl+er~of, sMtl contain the usuaf seandard matgages cla~ss w such oth~ claus~ as tM Matqa9~e may rpuu~, makir?y tM lou under iaid poli~ cia, Nth a+d ~wry, payabl~ ro isid MORTGAGEE as ~ts in~erest may ~ppear, and cach and every ~uch policy sMll b~ promptly su.9ned and delivered to •ny hdd by said MORTGAGEE ~s fu~~he. sec~~iTy to said ma~page debt, and, nw leu ~han ten (!0) dars 1n advancs of the expiration of iK~1 pOliC~l, to da IivN to ~aid MORTGAGEE a reoewal IF~croof, to~e~her with ~ receipl for the premium oi such renewal; and the~e shall be no f~re o~ wi~d~twm in~urancs plaad on u~y of said buildirgi. any interett theretn or par~ thercof, u~leu in the form snd w~~h the tou payabt~ as ~iaesaidj u+d i~ tl+~ event any sum of mauy becants payaWe under sexh polky a poliues ssid MORTGAGEE shall have the opt~on to receive and apply the same on account of the ind~bted- r»ts acwed hN~by or b permit s~id MORTGAGORS to recrive and vs~ it a any part theraof for other purpo~es, witfiout ths~eb/ waiving cr ~mpair- hq sny puity, liee ot right u~d~x w by virlw of this mortya9e; and in rhe event sa~d MORTGAGORS shall fw any reason lail to keep the ~id pnmises to 1~w?ed. o? t+ll b deliver promplly ~ny of said polities of i~suraoce to sa~d MORTGAGEE, a fait prompfly to pay f~lly any prcmium therafor a in any ~ap~tt fail b p~rfo~m~, discharge, execute, effecf, completa, comply with ~nd abide by th~s covenam, or any part hereof, said MORTGAGff may platt arxl paY fw ~uch inwra»c~ a any part the?eof without waiviny w aHectinp any opt~on, lien, equity, or right under w by vi~tue of this Matgape, ~nd tht full amount of sach and every tuch payment shail be immediately due and payable and thall bea~ interes~ from the date thereof until paid ~t tM rat~ oi ~ine per ceotum pt~ annum and to~ether with s~ch interest shall be secured by the l+en of th~~ mo~tgage. 4. To pamit, commit w suffer no waste, impairment a dererarat;on of said property or any part thereof. S. To pay all and sinqular the costs, charges snd cxpenses, including s reasonable at+o~ney't fee and costt of abstrads o~ title, incu~~ed p paid al a~y time by said MORTGAGEE, betause w in the event of the failure on the part of the said MORiGAGOR to duly, promptly and f~tly perfwm, dixharge, execut~, effect, comptet~, compty w:th and ab:de by each and every the s?iputat+or+:, agree,nenrs, cond;t;ons, and covenants of said promissory oote snd this mat~ay~ +ny w eithar. u+d said cosn, chuyes a~d expcnses, each and evay, shall be immediatety due and payabte; whether p not there M not~ce de. mu~d, +ttempt fo collect or tuit pending; ~nd the fvll amouM of each and every such paymem shaq bear intertst from the date thereof unti! paid af tht rate oi nine pe~ tentvm pe? annum; and all said tosri, charges and expr~.ses ~ncurred or paid, togelher w~th such imerest, thall bs secured by the lien of thq map+9~• 6. Thst (a) in the evcnt of any breach of ~his Mortgage or defaulr on the pa?t of the N10RTGAGOR, o? (b} in the event any of said sums of money herein ~eferred to be not p~ompNy and fully paid with;n th:rty (30) days next aftzr the same severa!ly become due and payable, without demand pr optite, or in the event each ~nd every the stipulations, agreements, condi!ia~s and covenants of sa:d promissory nore and this mortgage any pr e;~h~r are rwt i~fy, promptly ~nd fu11y performed, d~xMrged, executed, effected, comptered, comptied wifh and abided Sy, then ~n e~tFxr or any such event tM sa~d a~ gregste wm mentaned in said promissorl note then remaining unpa~d, with interesl accrued, and aii moneys setured hereby, shall become due a~+d pay- eble forthwith, w thereaiter. at the option of said MORiGAGEE, as fully and complerety as if afl of the sa~d sums ot money were originelly tNpvleted to be pa+d on svch day, anything e» sa:d promiuory note or in this Mwtgage to the cont.ary notwithstand~ng; and thereupon w thtreaftd st the option of ssid MORTGAGEE, without notice o~ demand, suit at law or in equity, therefwe or lhereafier begun, may be prosecuted as if all moneys secvred hereby had matured prwr to ~ts institwan. 7. That in fhe event that at the beginning of a at any time pending any su~t upon this Mortgage, or to fweclou it, or fo reform it, w to enforc~ payment of any claims hereunder, said MORTGAGEE shall apply to the Cou~~ having ~urisd:ci~on thereof for the appo~ntmenl of a Receive?, such Coun shaq fathwith appoint a receiver of said mortgaged prpoerfy afl and sirgutar, includ.ng aJ and singu~ar the income, p~o(ds, issues and ?evenues from wbateve~ +eurce derived, e~ch and every of which, it being exp?essly understood, is hereby ma~gaged as if spec~fically ut forth and desc.ibed i~ the yranting and habendum cla~ses I+ereof, and such Receiver shall have all the broad and effecr;ve funci:ons and powers in a~ywise entrusted by a Cou?t to a Qeceiver, end such appointmartt ~hal! be made by suth tour! aa an admiJted equity and a matter of absolute right to said MORTGAGEE, and without refererxe to the edequaty or inadequacy of the v~lue of the property mo~tgaged or to the so~vency or ;nsoevcncy of sa~d MORiGAGOR or the defenda~ts, and that such rems, profits, irxome, issues and revenues shalt be apptied by such Receiver accord~ng to the lien or equity o( saFd MORiGAGEE and the pr~ctice of such CovA. 8. To duly, promplly and fully perform, d~scharge, execute, eifett, co~nplete, comply w~th and abide by each and every the stipulations, agreements, conditions and covenants ~n sa~d promisaory note and th~a mortgage set fath. 9. Tnat in the event the ownenhip of the mortgaged premises, or any part thereo?, becomes vested 'en a person otFmr than tlrc MORTGAGOR, ths MORTGAGEE, ib suctessws and assigns, may, without no~ite to the MORTGAOR, deal with such succeuor d successor in i~ttrest with ~etere~ to this mortgaye and the deol hereby setured in the same manner as with Mortgagor witlwut in any way vit:ating or diuhargirg ihe Mwtyagors' liability hera under or upon the debt he~eby secured. No sale of the premises hereby mertgaged ar.d no fcrbearance on the part o1 th~ MORTGAGEE or its sutcesson o~ auigns and no extension of the time fw the payment of the debt he.eby sec~red given by the MORiGAGE'_ or its suctessas w auigns, shall operate to release, diuharge, modify change w affcct the orig~nal liao:t~ry of rhe MAQTGAGOR here~n, either in whole a in part. i0. It is specifically agreed that t;me es o; the essrnce of this comract and that no waive~r of any obt~gat~on hereunder a of the oblig~tion se- cured hereby shall at any timr tFxreafter be held to be a waiver of the terms hereaf or of the insirument secured herby. 11. In aJd~tion to the forega ng mon?h1y paym=ms of princ pa~ and inrerest reqv~~ed by the prorr+:ssory npre secured hereby, morlgagor tovenants and sgrees to pay to mo:tgagee with each monrhjy payrnent an ad~~rona! wm est-,,~arecl by mo.rgagee to be equai to 1 i 12 0( tbe annual cost of the foftow- ing: • A-All real property taxrs levird w assessed agai~sr thc above descr~bed ~:al esrate. S-P~em~ums on fire and windstorm insurar.ce as here~n requ;red to be ca~r~cd on ~h~ .n.;:.ovrme~ts situate on the above described premises. C-Prcmivms m such mortgage guaranty ir.sura~.ce as mortgagee sha:l hom t me to t;~r,e deem fir ro carry on Ihe ban sec~~ed hereby. Mortgagee sha~l from ~~me to nm~ notify mortgager in wr;nr.g of the ar.,ou~r d~e and payab;e hereundcr and ~uch sum shall thereupon be due and payable on t!~ due date of the neKt month!y paymenl and each wccess~re mootn thcreaficr urnil mortgagee shall not;fy mortgagor of a change in swcb emount. $uch sums sF.a:l b~ appiied by mortgagee toward the payment of reat properry faxes, insurance prem:ums, and mortgage guar~nty insurance pr~niwm_ IN WITNESS WHfREOF. the said MORTGAGQR has hereunto xt h~s har.d and seal the day and year fira/ atoresaid_ Sig~ Se fed and eliver "n the presence of: • a~ ^ ~h - ~•n ' K=-n sratE of ftoaioa ~ courm oF S t. L uc ie ~ef„~ ,n~ ~~y ,pp~a~~ John S . Cemer Char~otte A. Cerner his wife, to me wetl known ~nd known fo me tp b~ :he indiridwls describsd in and who ~xecuted fFK foregoirg instrument. ~nd acknow;cdged beEore me that they e~eecuted the samt fw tht purposes rh..e~n .x~.~d, n„d ~e ..~a Charlotte A. Cemer «ite of rM sad John S. C,$~er upon . sep~.ate ~nd p.Iva+~ e:amir?~tion by ma takan upuats and spa+t from her sa+d huiband, ~cknowledged to and bedwe me that ti~e executed s~id i~strumen~ f~e~Iy and rolvrf ?+'+IY and w~thouf any compuls~on, conivaint, ~pprchenuon, o feu of or lrom F~er ~aid h~sband. WIiNESS my hand and official seal t!u ~ dey of Jul D. 19~.4. o ary Public in and fp ths Staie o1 Fbrid~ ~t l~r~ Rtrurn ia , MY Comm~»;on ~xpires: firu F~dtr~l Savinp~ 6 loan As~oc~ation • - . ^~I s~~! ~ ~ ~ ~ o~ Fo.~ P,<«~. ~ - ~hr Cowwssio~ fspires Stpt. 23. 1969 Fat P~e+ct, FI«1da ` _ . , • ~M~ b NM~icM ~ ~ (,~Y ~ ~ : ~ ~ FlLEO AND RECOROED = ' = - ST. LUCIE COUN7Y, F~~. ?his Instrument Preparcd B . . ' ~~R;t ;~~~;r ~1: Y J. D.- Q}~a~,ta,1`n First Federal Savings b toan Assoc+ation ~ 1~(~3 of Fort Pierco~ ~loriaa ~ ' . 'Sg J~~f 23 ~ ~ ' 3 ~ ~ e . 9 Checked By ~ • I:•• ~ ~ ~ ~.~.~tz-- M~t~~=A ~OITR~S CLERK C+RCUtT COURT ~ ~ doa~ 178 ~~27~1 ~ w . . ~s~ ~t . ~ :Fr a. _ - - - a . ~ t_.,e....:ac+z~