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Home My WebLink About0696~. To plate and continuously keep on 1M buildings now or Mreafter situate on said lend and on all equipment and personally covered by this rrtortg- sga, with all premiums thereon paid in full, fire insurance in tM usual ctsrxlard policy form, in a sum approved by 1M MORTGAGEE, end windstorm insurant! M tM uswl ctanda-d policy tam, in a sum approved .by tM MORTGAGEE, in wch company or companies as tM MORTGAGEE may direct; and all fire and windstorm incurancs policies on any of said buildnsgs, any Interest therein or part thereof, in tM aggregate sum aforesaid or In excess thereof, atoll contain tM usual standard mortgagee clause or such other clause as tM Mortgagee may require, making tM lou under said poll. ties, each and every. payable to said MORTGAGEE as its interact may appear, and oath and every such policy shell be promptly us.gned and delivered to any told by aid MORTGAGEE as further security to said nwrtgage debt, and, not leu 1Mn ten (10) days in advance of tM expiration of each policy, ro de- liver to said MORTGAGEE a renewal thereof, together with a receipt for tM premium of such renewal; and there shall be no fire or windstorm inwranca placed on any of aid buildings, any interact tMrein or part thereof, unless in tM form end with tM toss payable ac aforeaid; and In tM avant any wm of money becana payable under such polity or policies aid MORTGAGEE shall Mve tM option to receive and apply tM ame on account of tM ir-debted• nsa secured hereby a ro permit aid MORTGAGORS to receive and La it a any part thereof for other purposes, vrithout thereb/ waiving or impair- ing any aquiy, lien or right under or by virtue of this mortgage; and in 1M event aid MORTGAGORS atoll for any reason fail ro keep tM said premises so insured, or fall ro deliver promptly any of aid policies of insurance to said MORTGAGEE, or fail promptly to pay fully any premium therefor or in any rasped fail b perform, discharge, execute, effect, complete, comply with and abide by this covenant, or any part hereof, aid MORTGAGEE may plan and pay for such Inwranca or any part thereof without waiving or affecting any option, lien, equity, o- right under or by virtue of this Mortgage, and tM full amount of each ar-d every such payment shall be immediately due and payable and shall bear interest from tM date thereof until paid at the rata of nine per cantum par annum and together with such interest shall be secured by tM Tian of this mortgage. 4. To permit, cannsit or suffer no worsts, impairment or deterioration of said property or any part thereof. S. To pay all ursgular tM costs, charges and expenses, including a reasonable attorney i fee aril costs of abstracts of title, incurred a paid at any time by aid MORT EE, because or In tM avant of tM failure on the part of tM said MORTGAGOR to duly, promptly end fully perform, dischargR execute. affect, complete, comply with and orb:de by each end every tM stipulations, agreements, conditions, and covenants of said promissory note and this mortgage any or either, and aid costs, charges and expenses, each and every, shall be immediately due and payable; whether or not there be notice de- mand. attempt ro collect or suit pending; and tM full amount of each and every such payment shall bear interest from tM date thereof until paid at tM rate of nine.per centum per annum; and all said coats, charges and expenses incurred or paid, together with such interest, sMll be secured by tM lien of thin mortgage. 6. That (a) )n tM avant of any breach of this Mortgage or default on the part of the MORTGAGOR, or (b) in tM event any of aid sums of money herein referred to be not promptly and fully paid within thirty (30) days next after the same severally become due and payable, without demand or notice, or (~ in tM event each and every tM stipulations, agreements, conditions and covenants of said promissory note and this mortgage any or either are not duly, promptly and fully performed, diuharged, executed, effected, completed, compiled with and abided Sy, then in either or any such event tM aid ag• gregate sum mentioned in said promissory note then remaining unpaid, with interest accrued, and ail moneys secured hereby, sMll become dw and pay able forthwith, or thereafter, at 1M option of said MORTGAGEE, as fully and completely as if all of the said sums of money were originally stipulated to be paid on such day, anything in said promiuory note or in this Mortgage to the contrary notwithstanding; and thereupon or thereafter at tM option of said MORTGAGEE, without notice or demand, suit at law or in equity, therefore or thereafter begun, may be prosecuted as if all moneys secured hereby had matured pray to its institution. 7. TMt in 1M event that at tM beginning of or at any time pending any suit upon this Mortgage, or to foreclose if, or to reform it, a to anforp payment of any claims hereunder, said MORTGAGEE shall apply to the Court having jurisdiction thereof for the appointment of a Receiver, wch Court chall forthwith appoint s receiver of said mortgaged property aft and singular, inclixl~ng all and singular the income, profits, issues and revenues from whatever source derived, each and every of which, it being expressly understood, is hereby mortgaged as if specifically set forth and desuibed in tM granting and habendum clauses hereof, and such Receiver shall have all the broad and effective functions and powers in anywise entrusted by a Court to a Receiver, and such appointment shall be made by such Court as an admitted equity and a matter of absolute right to said MORTGAGEE, and without referenKe to tM adequacy a inadequacy of the value of the property mortgaged or to the solvency or insolvency of said MORTGAGOR or the defendants, and that such rents, profit, income, iuues and revenues shall be applied by such Receiver according to the lien or equity of aid MORTGAGEE and tM practice of such Court. 8. To duly, promptly and fully perform, discharge, execute, effect, complete, comply with aril abide by each and every 1M stipulations, agreement, conditions and covenants in aid promissory note and this mortgage set forth. 9. TMt in the event tM ownership of tM mortgaged premises, o- any part thereof, becomes vested in s person other than tM MORTGAGOR, tM MORTGAGEE, it succesws and assigns, may, without notice to the MORTGAOR, deal with such successor a successor in interest with reference to ihia mortgage end tM debt hereby secured in tM same manner as with Mortgagor without in any way vitiating or diuharging tM Mortgagori liability Mre- under or upon tM debt Mreby secured. No ale of the premises hereby mortgaged and no forbearance on tM part of tM MORTGAGEE or its successor or auigns and no extension of the time for tM payment of the debt hereby secured given by the MORTGAGES or its successors or auigns, shall operate ro release, diuharge, modify cMrtge or affect tM orginal liability of the MORTGAGOR Mrein, either in whole a in part. 10. It is specifically agreed that time is of the es~nce of this contract and that ra waiver of any obligation Mreunder or of tM obl'gaYion se- cured hereby atoll al any time thereafter be held to be a waiver of tM terms hereof or of the instrument secured herby. 11. In addition to the foregoing monthly payments of princ'pa) and interest required by the promissory rio-e secured hereby, mortgagor covenant and agrees to pay to mortgagee witfi each monthly payr,,ent an additional sum estimated by mortgagee to be equal to 1/12 of tM annual cost of tM follow- ing: ' A-All real property taxes levied or assessed against tie: above described real estate. B-Premiums ort fire and windstorm insurance as herein required to be carried on the improvement situate on the above described premises. C-Premiums on such mortgage guaranty insurance as mortgagee shall from tame to time deem fit to carry on tM loan secured hereby. Mortgagee shall from time to Time notify mortgagor in writing of the amount due and payable hereunder and such sum shall thereupon'be due and payable on tM due date of the next monthly payment and each successive month thereaft:r ur:til mortgagee shall notify mortgagor of a change in such amount. Such sums sF.all be applied by mortgagee toward the payment of real property taxes, insurance premiums, and mortgage guaranty inwrance premiums. IN WITNESS WHEREOF, the said MORTGAGOR has hereunto set his hand and seal the day and year fint aforesaid. Signed, Sealed and delivered in tM presence of: aQ aq _ ~ r5~a)) STATE OF FLORIDA ~ ~ ~ 1 iT SS. COUNTY OF Before me personally appeared LOUIS Ortinari and Alice L . O rtinan his wife, to me well known and known to me ro be the irtdividwb described in and who executed tM foregoing instrument, and acknowkdged before me that they executed tM same for tM purposes therein expressed. And tM said A~ e e L O r tman wife of tM aid Louis Ort1IIdI1 _ __ upon • separate and privet examinaYiort by me taken separate and apart from her aid husband, acknowledged to and before me that sM executed said instrument freely and vokrtr tsrily and without any compulsion, constraint, apprehension feu of or from her said husband. WITNESS my Mnd and official seal this ~ ~ day of ~ ~ fJ _' }OL„D; 19 9 A A A. ~ ~ ~ _t ~iri:ice -~ o y ~`'~~a.. 3 0 0 0= r '~~_ N U COM.PTP.OLLc ~'.~. t?0153 w~' __ - --_. Notary/public in and for St~ fi~f~olTdatat U My Corrirriiuion expires: :. ~ s 1 ~~ ~~~. n~~ ~:~~IIM ~ ~E- -_ MY COMMISSION EXPl2ES DIyC:1.18f?R Z, 1472. _ sOfiDED Tff:lO:TGH FisEU 11f. =01E FILED AND R~C~l~P~A ~'~ °• ~~ •• `' - ~<, ST. I.UC~E C9 N Yt ~LA. ~ ••.......• This Instrument Prepared By Richard K. Keyes ""'t"_''.,ii~ First Federal Savings Et Loan Association ~ 9 of Fort Pierce, Flor ids 69 ~l~~ 8 ~'.Iq ~~ :~~ Checked By ~ :-.VGCR~ RAC CLERk CiRCUtT COURT ~~~~ Bou><179 PAGE 695 ~` ~f -~ . = E ~: . - ------ ~ --