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Home My WebLink About2936 r ~ ~ 3. To plac~ and continvouily keep on the bui!dinQs now or hereafta situate on satd land and on all equipmeM ~nd personally covered by this mortq- p~, with ~II premiums thereon paid i~ full, fire i~surance in 1he usual s~andard po!ity form, in a sum approved by ths MORiGAGEE, and windstorm inswanc~ in tM uswl uandard potrcy fam, in a sum approved by rhe AM1ORTGAGEE, in such company or companies as the MORTGAGEE may direth ~nd ~II fir~ ~nd windstorm insuronce policies on any of said build~ngs, any interest therein or part the~eof, in 1he aggre9a~e sum aforesaid o? M~xteu fheraof, shall tontain the usual standard matgagee clause M such other ctause as the M~tgagee may requira, making the lou undea ia~d po11- cie~, each a~ evay, g~yable !o said MORTGAGEE as i1s interest may appear, and each and eve~y such pol~cy shall be promptly ass gned and de~ivered to ~ny held by said MORTGAGEE ss funher security to said matgage debt, and, not less than ~en (10) days in advance ol the expiration of each policy, to dr (ive~ to said MORTGAGEE a renewal thercwF, together with a reteipt for the premivm o1 such renewal; and lhere shall be no f~re or windstor~n insurance pl+ttd on any of said buildings, sny interest there~n w part thereof, unless in the form and with the toss payable as aio?esaid; and in the event any sum of monsy becomes payable unde~ such poliq w policias wid MORiGAGEE shail have the opt~on to receive and apply the same o~ account of the indeb?ed- ntss secured I~ereby a ~o permit said MORTGAGORS to receive and use it w any par~ ~F,e:eof ior othrr pwposes, v.~thout ~h~~;o~ waiv~~i~ o~ „»pair- inp ~ny eq~ity, lien pr right unde~ or by virtue of this mo::gage; and in the event aa~d MORTGAGORS shall fw any reason fait to keep the sa~d premisrs so tnsured, pr falt b dtliver pramptly any of said policies of insu~ance to said MORTGAGEE, or fail promptiy to pay ivlty any premium therefor or in any r~spect fail to perform, discharge, execute, effed, complete, comply wi~h ar.d abide by this covenant, w any par~ hereof, said MORTGAGEE may place a~d p~Y (o+ such irourancs or ~ny p~rt ther~of witho~t waiving or sifecting any option, lien, equity, or r~~hf unde~ or by virlue of th;s Matgage, and the full amount of each and evKy auch payrrxnt shall be immediately due and payable and shall bear interest from the date thereof vntil paid at the rate ol ni~e per centum per annum and to~ether with such interest shali be secured by the lie~ ot th~s mortgage. 1. To permit, tommit or suffer no waste, impairment w deterioration of said property or any part thereof. 5. To psy a(I and singulsr tho costs, charges and expenses, including a ~easonable attorney's fee and costs of abstracts ot title, incurred or paid at any time by said MORTGAGfE, because or in the event of the failure o~ the part of the said MORTGAGOR to duly, promptly and fully perform, d~xharge. axetute, effett, tomplete, comply wAh and ab~de by eath and every the stipufauons, agreemenls, cond~hons, and covenants oi said promissory ~ote and thii mort9aQs any or ei~her, snd said coa4, charges and expenses, each and every, shall be im~nrd~atety c'ue and payable; whether a not ~here be ~orice d~ mand. attempf fo collecf p suit pending; and the full amount of each and every such payment shall bear intereit from the date thereof until paGd a1 the rate oi ni~e pe~ tentum per an~tium; and all said costs, cha+ges and expei~ses incurred or paid, together w~th such interest, ihall be secured by the lien of th~s matyape. • b. Th~t (a) In the svent of any breach of this Mortgage or default on tF~ part of tne MORTGAGOR, or (b) in the eve~t any ot sa;d sums of money herein r~ferred to be not promptly and tutly paid within thirty (3U) d~ys nexr ar?er the same severa;ty become due and payable, without demand o~ notice, or in the eveM each and every the atipulations, a9reemcNS, condltions and covenants of sa:d prom;ssory note and th~s mortgage any pr either are o01 ~vty, promptly and fully performed, dixharged, executed, effected, completed, compfied with and a6ided 'ay, then i~ eithe~ or any such event the said ag g?egate wm mentioned in said promissory note then remaining unpa~d, with interest actrued, and a~l moneys setured heteby, shall become due and pay able fathwith, w therea(ter, at the option of said MORTGAGEE, as ful{y a~d completely as il all of the said sums of money were originally st~pulated to be paid on such day, anythirg in sa:d promissory rate or in this Matgage to 1he tom,a~y notwithslanding; and lhereupon o~ thereaiter at the optio~ of said MORTGAGEE, withovt notice or demand, svit at law or ~n equity, therefore w thereatTer begun, may be prosecuted as if all moneys secured hereby had mst~red prior to ita institution. 7. That in the event that at the beginning of or at any time pered7ng any su;? vpon this Mortgage, or to foreclose it, or to reform it, or to enforce payment of any tlaims hereunder, said MORTGAGEE shall apply to thr Court having ~urisd~u~on thereo! for the appointment of a Receiver, such Court shall fwthwith appoint a receiver of said mo~tgsged pro}~erty all and singular, inctud~ng atl and singula~ the income, prof~ts, issues and revenues from whatever source derived, each and every of which, it being expressty understood, is hereby mortgaged as if spec~fically set forth and deuri6ed in the granting and _ habendum tlause~ he~eof, and such Receiver shall have all the broad and efleaive funcf,ons and powers in anywise entrusted by a Courl to a Receiver, and such appointmtnf shall be made by suth Cou~t as an ad~nifted eguity and a matter of absolute righl to said MORTGAGEE, and withoul reference to the adeq~aey w inadequacy of the value of the property mwtgaged or to the so~vency or ~nsolvency of said MORTGAGOR or the defendants, and that such rents, profits, incorne, iuues and revenues Shall be appfied by such Receiver accord~ng to the lien or equity of said MORTGAGEf and the practice of such CouA. 8. To doly, promptly and fully perfwm, discharge, execute, eftect, complete, comply with and abide 4y each and every the sfipulations, agreeme~ts, tonditam and covenaNS in sa~d promissory note and th;s mortgage set forth. 9. Tf~at in the event the ownership of the mortgaged premizes, a? any part thereof, becomes vested in a person other than the MORTGAGOR, fhe MORTGAGEE, iri s~ctessas and assigns, may, without notice to the MORTGAOR, deai with such successor or successw in interest with reference to ihis mortgsge and the debt hereby secured in the same manner as with Mortgagor withcut in any way vit~ating w d~xharging ttie Mortgagori liability here- under or upon the debt hereby secwed. No wle of the premises hereby mo~tga9ed and no forbearance on the part of Ihe MORTGAGEE o~ its s~ciessors w auigns and no extension of the time for the payment of the debt here6y secured given by Ihe AM1ORTGAGE~ or ifs successors or auigna, afiall operate to release, dixharge, modify change or aF(ecf the original l;abitity of the MORiGAGOR hereen, eithe~ in whole or in part. ' 10. If is spec+fica!!y agreed that time is of the essence of th;s contrad and that no waiver of any obligation hereunder or of the obligation s=- cvred hereby shall at any time thereafter be held to be a waiver of the terms hereof or of the instrument secured herby. _ ' 11. In add~tion to the forego:ng monthly payments of princ'pal and interes+ requ~red by tFie prom~ssory no!e secured hereby, mortgagar covenants and agrees to pay to mortgagee with each monthly ,~ayment an addiuonal sum e:timated by mortgagee~o be eq~al to 1; 12 of ttie annual cost of the fotlow- ing: A-All real property. taxes levied or assessed a9ainst the above described real estate. B-Premiums on fire and windstorm insurance as herein requ:red to be carried on the ;mproveme~ts situate on the above described premises. C-Premiums on such mortgage gvaranty inswar,ce as mortgagea shall fro.m tlme to time deem fit to carry on the loan sewred hereby. Mortga9ee shall from ti~ne to time notify mortgagor in writing of the amovnt duc and payable hereund.r and s~ch sum shall thereupon be due and payable on the due date of the nezt monthly payment and each successive month thereaffer until mortgagee shall notify mortgagor of a change in such arrrount_ Such sums sF.all be applied by morfgagee toward !he payment of real property taxes, insurance prem:ums, and mongage guaranty insurance premiums. IN WITNESS WHEREOF, the said MORTGAGOR has hereunto set his hand and seal the day and year first aforesaid. Sipn , Se led and liver in the presente of: ~ • a4 (Seal) ~Seal) _ (Seal) STATE OF FLORIDA ~ ~~i f r~ ~ co~?~ o~ ~ • wCIE ~ Befwe me penonatly appeared ~9~et tdright, a widop ~ to me well known and known to me to be the individw~ desvibed in and wF?o exec~ted the foregang instrument, and acknowledged before me thatyhe~ executed the same for the pu~poses therein expressed. ~eArd~,M~s,..i~ ~ WITNESS my hand ~nd offitial sesl thi~ 'j4sb day of A. D. 19-69 Notary Public in end for the State of Florida at Larye My CommissiOn expires: Retum To: ,.L~:: : - Finf Fedenl Savings b Loan Association , ~1~p~ Ot of Fo~r v~erce. . fylr Cw~issioA Espires Sept. 23, 1969 Fort Pierce, Flotida M~IM b A~wiw Fih ~ Ca~r G_ _ r~ - - - ' ' F~ILEO ANO RECOROED ~ ` ~ : : t- = ~ 5T. LUCIE COUNTY, This Insirument Prepared By RiCharcYj~. (Csj~,e~i~• ~ ~ ;f~~~r~r_ P~''~. First Federal Savings & Loan Association - " e~ c~ . ' ' ~ ~ 1p10~s of Fort Pierce~ Rlorida ' ~i;; • ~,p ~ Z 5 PM !2 : o Q '09 ct,~~d By ~71-- - ~~j:f...- ~ ~ ~ 'OITR1'.S _ % ~ sooK~70 PASE2933 -~~~~RK ~ta~UtT COURT cf s~~ ~ , - _ :x } =~s ~ . ~ ~ ~ ~ ~ ~ y ti ~ .-~.-,=;s . -