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Home My WebLink About2928 i ~ ~ ~ 3. To pl~c~ and continuously keep on the bultd~ngi now or hercafte? ~~tuate on sa~d land ar.d on ali equipme~t ~nd personally coverod by tl~is mat~- ~ ' p~, with ~II prtmivms thereon paid in full, fire insur~nce in the usual itandard po~ity form, in a sum approved by the MORiGAGEE, and windsto~m iniur~nc~ in the u~ual iranda.d pol~cy fam, in • sum ~pproved by tFre MORTGAGEE, in such company or compan~es as tht MORTGAGEE msy d4ttfj and +II fire +nd winds~orm insurance po~~ues on sny of said build~ngs, any imeres~ therein or part thereof, in ~he agg~a9ate ~um a(aesaid or M excess fhercof, shal) cont~in the us~al standard mortgagee c~suse or s~ch o~her ctause as ths Mortgagee may requ«e, makirq the lo~~ unda se~d polf tief, e~ch and evay, payable ro ssid MORTGAGEE as ih interest may appear, and each and every such poli;y shall be promptly ass.gned and detivered to •nr held by said MORiGAGEE ~s fur~lwr szcurity to said mw~gage debt, and, ~ot less Ihan ten (101 days in advance of the expiration of each policy, to da IivN to uid MORTGAGEE ~ ~cnewal thereoi, toflether wilfi a reccipl for the premium of such ~enewal; and Ihe~e shall be no f~re or windstorm iniurante plated on any of said buildings, any interesl therein or pa~t thereof, unless in ~hc fo~m and wifh the loss payable aa afaesaid; and in the evenf any sum of money becomes payabl~ under such policy a polic~es said MORTGAGEE shall haie ~he opt~on to receive and app:y the ume on account ot the indebted- osu secured he~eby or ro permit said MORTGAGORS to teceive and use it w any pa~~ thereof lor o:hr~ pwFwses, vri~iw~t th_reu~ waivi~x~ or ~mpa~r- fny any equiry, liea or ri9ht unda w by virtue of ~his mo:tgage; and in ~he event sa~d MORTGAGORS shall (o~ any reason fail to keep the said prem~srs so insured, p fail fo deliver pranptly any of said policies o} insuraoce to sa~d MORTGAGfE, or fa;! promptly to pay fully any prem~um therefor or in a~y r~spM fail ro p~rform, discharge, execute, effect, comp!ete, compty wi~h and abide by thia cova~ant, w any part hrreoi, said MORTGAGEE may place and pay for~tuch insuranc~ or sny part thereof without waiviny or affeuing any opt~on, lien, e~u~ty, or right under w by vi~tue of this Matgags, a~d the fvll amounl of exh snd every suth payment shall be immediately due and payable and shall bear interest from the date thereof until paid at rhe rate ot nine per tentum pe? annum and to~ether with such interest shall be secured by Ihe lien of this mortgaga. 1. To permit, tommit or suffer no waste, impairment a deterioration of sa~d property o~ any part thereof. 5. To pay all and singular the costs, tharges and exptnses, including a reasonable attw~ey'~ fee and costs of abstracts of title, incurred or paid at ~ny time by said MORTGAGEE, becavse w in the event of the failure on the pa~t of the said MORTGAGOR to duly, pron.ptly and fufly perform, d~uharge. ~xecute, effect, comp~ete, comply with and ab:de by each and every the st~pulat~ons, agrre~nenrs, cond~t~ons, and covenants of said promisso~y note and this mortgage any or eithe~, and faid cosls, charges and expenses, each and every, shafl be immediatety due and payab:e; whether or no1 the~e be notice dr rtNnd, attempt to collecf p suit pending; a~d the full amount of each and every such payment shalt 6ea~ interest from the date thereof until paid at the rate of niro per centum per annum; and all said costs, charges and ez~nses incurred w paid, togelher w+th such interest, shall be setured by the lien of this ~~W- 6. TMt (a) in the event of any breach of this Mortgage or defaulr on the r~art of ~f~e h10RTGAGOR, a(b) in the event any of sa:d sums of money herein referred to be not promptly and fully paid within th~rly (30) days next af!er the same severa:ty become due and payable, withoul demand or notice, or (t) (n the evenl each and every 1he stipvlations, agreements, conditions and covenants ot sa.d pron,~sso~y ~ote and th~s mor~gage any or either are nol ~ly, prompNy and fully perfamed, dischsrged, ezecvted, effected, completed, compi~ed wi~h and a6~ded 5y, the~ in e~ther o~ any such event the said ag gregate fum mentaned in said promissory note then remaining unpa~d, with interest accrued, and ah monr~s sewred hereby, shatl become due and pay- able forthwith, or thereafter, at the option of said MORTGAGEE, as tutly and comple~e~y as if ail of the said sums of money were or~ginatly st~pulated fo be paid on such day, anything in said promis:wy note or in this tito.rgage to the contrary notwithsrandi~~g; and thereupon or thereafter at the op~ion of ssid MORTGAGEE, without notice or demand, suit at law or in equ~ty, theretore o~ thereafter begun, may be prosecuted as if all moneys setured hereby had matured pnw to its institution. 7. 7haf in the evenf that at the beginning of w at any time pe~~ng any suit upon this Mortgage, w to foreclox it, or to reform it, or to enforce payment of any claims hereunder, said MORTGAGEE s6a11 apply to the Court having ~urf,d;cnon thereof ior the appo~ntmero of a Receiver, such Cou?t shall Fwthwith appoint a receiver of said mwtgaged prooerty all and si~gular, includ~ng ail and s~ngu~ar the incon,e, prof~ts, issues and revenues from whatever ~ource derived, each and every of which, it being expressly understood, is hereby mor~gaged as it speu(rcally set forth and desaibed in the granting and habendum clauses hereof, and such Receiver shall have all the broad and efiec~:ve funct ons and po~ers in anyw~se entrusted by a Court to a Receiver, and suth appointment shall be made by such Court as an admitted equity and a matter of absol~te right to sa~d MORi(',AGEE, and without reference to the sdequacy a inadequacy oi the value of the property mwtgaged or to the so.vency or ~nso,vency of said MORiGAGOR or the defendants, and that such rents, profits, income, issues and revenues shall be appiied by such Receiver accord~ng to the iien or eq~ity of said MORTGAGEE and the practice of such CouA. 8. To duly, promptly and fully perform, discharge, execute, effect, complete, comply with and abide by each and every the stiputations, agreements, tondif'ans a~d covenants in sa~d promissay note and this mortgage set fwth. 9. That in the event the ownership of the mortgaged premises, or any part tnereof, becomes vested in a person ofhe? lhan the MORTGAGOR, the MORTGAGEE, its successors and assigns, msy, without notice to the h10QTGAOR, deat w~th such s~ccessor a succeswr irt interest with ~eference fo this morigage and the debt hereby secured in the same manner as with IAoitgagor w;tho~t in any way vit.ating or d:scharging the Mortgago~s' liability here- uoder w opon the debt hereby secured. No sale of the Fremises hereby mortgaged ar.d no forbearance on ~he part of the MORTGAGEE or rts successors w suigns aod no extension of the time for the payment oi the deb~ hercby secureJ g~ven by the MORTGAGE'_ or its successors or au:gns, shall operate fo release, distharge, modify change or af(ett the original fiability of the MORTGAGOR herein, either in whole or in part. _ 10. It is specifically agreed that time is of the essence of this conrracr and that no waiver of any obl~gat~on hereunder or ot the obligation se- arred hereby shall at a~y time thereefter be held to be a waiver of the terms hereof w of the instrument secured herby. 11. In add~tion to the forego:ng monthly payments of princ pal and interest requ~red by the prom:sscry note sec~red hereby, mortgagor eovenants and agrees to pay to mo:tgagee with each monthly payment an add~~ional s~m esf~~.:a~ed by mo.tgagee to be eqval to 1 j 12 oi tl~e annual cost of the follow- ing: A-All real property taxes levied or assessed a9ainst thc above described reat esrate. B-Premiums on fire and windstorm insurar.ce as herein requ;red to be carried on the ]mprovements situate on the above described premises. C-Premiums on such mwtgage guaranty insurance as mortgagee shal! from s me to ti~ne deem fit to carry on the loan secured hereby. Mwtgsgee shall from time to time notify mwtgagor in writ~ng of ?he amovnt due and payable F~ereundrr and ~uch sum shall thereupon be due and payable on the due date of the next monthly payment and each successive month thereafter ur.rel mertgagee shall notily mortgagor of a change in such amounf. Such sums shall be applied by mortgagee toward tFue payment of reat property taaes, insurance pre~n:ums, a~xl mwtgage guaranty i~surance ' premiums. - IN WITNE55 WHEREO~, the said MORTGAGOR has hereunto ut his hand and seal the day and year first afw said. '/J~~~ y„ ' ned. Seal and d ed in the presence of: ~ ~ +n . an u a so apn_as~~~ A'rraTr-~uiz~- - . a~ @1 P.I18 i ra111Td (Seaq STATE OF FlORIOA ~ SS_ Courmr oF St _ Lucie Before me personally appeared C. Allan Guild also knovm as Allan Guild and C. Ailen Gul s~~ Verena A• Cla 1~.ZC1 his wife, to me well known and known to me to be the individwls described i~ and who executed the foregoing instrument, and acknawledged befwe me that they exec~ted the same for the purposes d,~.~~, ex~.~d. a~a rn~ Verena A. Guild wife of the said C. A118l1 (11~Id upon a sepuate and privat~ examination by me bken teparate and apart from her said husband, acknowled9ed to and before me that she executed said instrument .freely and volun- tarily and withovf arryr compulsion, constraint, spprehensi~r.~r fear of or from her said husband. WITNE55 my hsnd and official seal thi,~ yT~ day of A D. 19~~ ~ . Notary P in and iw tF~e tate, of f{orida at L}rye ' N1y Com ss'ron expirei. G~ /97 / Return To: ' Finf Federsl Ssvings a Loan Atssociation ~~i! ' ; - - - NotxY P~. ~ak o1 Raida at [xq~ Of Fo+t P~erce. ~ ~ • ` , ~ ` , Fon Pierce. Florida : • " • ~ (p1~ISf109 ~ ~9. 6• ~9n ~ , ~o~Md N~~+~ f~ t Gw~r ps ' \ i . _ . . t - _ - j ~ ' y = ~.l~E~ AND RECORDED! This Instrument Prepared By John W. Collins ST. LUCIE COUNTY, FLA. ; First Federal Savings b Loan Association RECORD VERIFIED ry_ ' of Fort Pierce, F2or ida ~ 4.=~=" 181051 ~ Checked By ~ ~~~~C,••. ~ '69 JUL 2 5 AN I I. S 9 ~ d00K178 ~~2925 CLERK C RCUIT C URT:' - ~ _ ~ . . - ~ , Z.. - _ _ ~ t . : < ~ ~ ;~4 ~ , _ ~ ~y~ a ~RKS..-_