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Home My WebLink About1837.~ 't ~ • _ ' 1 t ~ ~ r ' . :,. 1. To play and contirwrously keep on tM buildings now a hereafter situate on said tend and on all equipment and prrrsor-ally covered by this mortg~ age, with all premiums thereon paid in full, fin inswanu in tM usual standard policy form, In a sum approved by tM MORTGAGEE, and windstorm inswance In the uswl standard policy corm, in a wm approved by tM MORTGAGEE, in such company a companies as tM MORTGAGEE may diet; and all fire and windstorm insurance polkies on any of said buildings, any Interest therein or part thereof, in tM aggregate suer aforesaid a In extxss thereof, sMll contain tM uwal standard mortgagN clause a such other clause as tM Mortgagee may requ'we, making tM loss under said pdi- cies, each and every, payable to said MORTGAGEE as Iri interest may appear, and each and ew+y such polity sMll be promptly assigned and delivered to any Mb by said MORTGAGEE as further security to said mortgage debt, and, not Isss than tan (10) days in advance of tM expkation of each policy, to dr Iivel ro said MORTGAGEE a renewal thereof, together with • receipt for tM premium of such renewal; and there sMll bs no fin or windstorm ierwrance placed on any of said buildings, any interest therein a part thereof, unless in tM form and with IM leas payabb as aforesaid; and to yM event any sum of money bacarras payable under such policy or policies will MORTGAGEE shall Mw tM option to receive and apply tM same on account of tM irrdebted• ness secwed hereby or to permit said MORTG/1GOR5 to receive and use it or any paA thereof for other purposes, without thereby waiving or impair- ing any equity, lien or right under or by virtw of this mortgaget and in tM event said MORTGAGORS shall for any reason fail to keep tM said premises so inwred, a fail b deliver promptly any Of said policies Of inwranq to said MORTGAGEE, a fail promptly to pay fully any premium ttrersfor or in any respell fail to perfomr, discharge, execute, effect, complete, comply wlth and abide by this covenant, a any part hereof, said MORTGAGEE may place and pay for such insurance a any part thereof without waiving or affecting arry option, lien, equity. or right under a by virtw of this Mortgage, and tM full amount of each and every such payment sMll be immediately dw and payable and shall bear Interest from tM date thereof until paid at tM rate o1 nine per centum per annum and together with srfth interest shall be secured by tM I'ren of this mortgage. 1. To permit, oortrmit or wHer no waste, impairment or deterioration of said property a any part thereof. S. To pay all and singular tM costs, charges and expenses, irxluding a reasonable attorney's fee and costs of abstracts of title, incurred or paid at any time by said MORTGAGEE, because a in tM event of tM failure on tM part of IM said MORTGAGOR to duly, promptly and fully perform, distMrgs. execute, effect, complete, comply with and abide by each and every tM stipulations, agreements, conditiars, and covenants of said promissory rots and this mortgage any or either, and said coats, thargts and expenses, each and every, sMll be immediately due and payable; whether or not there be notice do mend, attempt to collect or wit pending; and tM full amount of each and awry such payment shall bear interest from tM date thereof until pair! at tM rate of nine per ctntum per annum; and all said tosri, charges and expenses incurred or paid, together with such interest, shall bt secured by tM lien of this ~~~ d. That (a) in tM event of any breach of this Mortgage or default on the part of tM MORTGAGOR, or (b) in tM event any of said sums of money herein referred to be rat promptly and fully paid within thirty (30) days next after tM same severally become due and payable, without demand a notice, or (t) in tM event each and every tM stipulations, agreements, conditions and covenants of said promissory note and this mortgage any or either are not iuly, promptly and fully performed, discMrged, executed, effected, completed, complied with and abided ey, then in either a any such swot tM said ag• gregats sum mentioned in said promissory note then remaining unpaid, with interest accrued, and all moneys secured Mreby, sMll become dw and pay able forthwith, or thereafter, at tM ogler of said MORTGAGEE, as fully and completely as if all of tM said wms of money were originally stipulated to be paid on such day, anything in said promissory note or in this Mortgage fo tM contrary ratwithstsnding; a-x! thereupon or thereafter at tM option of said MORTGAGEE, without ratite or demand, wit at law a in equity, therefore or thereafter begun, may be prosecuted as if all mwreys secured hereby had matured prior to iri institution. 7. That in tM event that at tM beginning of or at any time pending any wit upon this Mortgage, a to foreclose it, a to reform it, or to enforce payment of any claims hereunder, said MORTGAGEE shall apply to tM Court having jurisdiction thereof for tM appointment of a Receiver, such Court sMll fothwith appoint a receiver of said mortgaged property all and singular, irrctuding all and singular the income, profits, issues and revenues from whatever source derived, each and every of which, it lxing expressly understood, is hereby mortgaged as if specifically set fath and described in 1M granting and habeerdum clauses hereof, and such Receiver shall have all the broad and effective functions and power in anywise entrusted by s Court to a Receiver, and such appointment shall be made by such Court as sn admitted equity and a matter of absolute right to said MORTGAGEE, and without reference to tM adequacy or insdegvagr of tM value of tM property mortgaged or to tM soNer-ty or insolvency of said MORTGAGOR or the defendants, and that such rents, profiri, income, issues and revenues shall be applied by such Receiver according to tM lien or equity of will MORTGAGEE artd the practice of such Courf. 6. To duly, promptly and fully perform, discharge, execute, effect, complete, comply with and abide by eadr and every tM stipulations, agreements, conditions and covenants in will promissory note and this mortgage set forth. 9. That in tM event tM ownership of tM nartgaged premises, or any part thereof, becomes vested in a person other than tM MORTGAGOR, tM MORTGAGEE, iri successor and assigns. may, without notice to the MORTGAOR, deal with such successor or successor in interest with reference to this mortgage and the debt hereby secured in tM same manner sa with Mortgagor without in any way vitiating a discharging tM Mortgagors' liability Mra- under orupon the debt hereby secured. No wle of tM premises hereby mortgaged and no forbearance on the part of the MORTGAGEE or iri suaesson or augur and no extension of tM time for tM payment of the debt hereby secured given by tM MORTGAGEE or its successors or assigns, shall operate to release, discharge, modify change or affect tM original liability of tM MORTGAGOR herein, either in whole a in pa-t. 10. It is specifically agreed that time is of tM essence of this contract and that no waiver of any obligator hereunder or of tM obligation se- cured hereby sMll at any time thereafter be held to be a waiver of the terms hereof or of the instrument secured herby. 1f. In addition to the foregoing monthly payments of princ'pal and interest required by the promissory note secured hereby, mortgagor covenants and agrees to pay to mortgagee with each monthly payment an addirional sum estimated by mortgagee to be equal to 1/12 of the annual cost of tM follow- ing: A-All real property taxes levied or assessed against the above described real estate. fl-Premiums on fire and windstorm insurance as herein required to be carried on the improveme~ri situate on the above described premises. C-Premiums on such mortgage gwranty insurance as mortgagee shall from time to time deem fit to carry on tM ban secured hereby. Mortgagee shall from time to tune notify mortgagor in writing of tM amount due and payable hereunder and such wm shall thereupon be due and payable on the due date of the next monthly payment and each successive month thereafter until mortgagee shall notify mortgagor of a change in such amount. Such sums shall be applied by mortgagee toward tM payment of real property taxes, insurance prrm~ums, end mortgage gwranty irsurarrce premiums. ' IN WITNESS WHEREOF, tM said MORTGAGOR has hereunto set his hand and seal the day and year first aforew' . signed, se led and et red in tM presa+ra of: TILIUC E O OUN TY. FLA. ~ n . 182443 ~-~ ~--n STATE OF FLORIDA courier of St. Lucie Eris 7vlfe; to one well krawn and known to me to be tM individwle described In and who exewtrd tM foregoing instrument, and acknowledged before me that N»y- exerted tM same for tM purposes therein expressed. Md yte.~aid S e syiie-ei•slte.~aid ups+a ae*araie.ard~rirate a+wwwwstierr.by~` sepasats.and Jpaolsom.hstsaid J4 ard.befere rrte .that. sire ~xera-ted iairL iosiarraeoLfrasyr ~t~d.ttalum_ tae+ilt- owrLwitbeu- ~n1''oortrpohiaq seitretreiwts ePPK~~r'er•fesa ~L er~renwater-wii istrsMwd. WITNESS my Mnd and official seal thi• 170- day of~^., ALiQT1St A. D. 19-~. Return To: First Federal Savings ii loan Association Of Fort Pierce. Fort Pierce, Florida MY Cfimmisa .~, .' ~y Cod, , ~ ~ 0 ~~ ~fiJ ~;:t: ~` - ' , a •. o~ in and for tM State of Florida at large on expires: ~,~- (~ / 9 !/ NotztY 4ubCx, State ~oi ~ 6t 19 *y tain~iiss'aa Expi~a ~., -. )psa4ar.Ati~~i4~'y This Instrument Prepared By John W. First Federal Savings ar loan Association of Fort Pierce , Florida C~ '~~~ 0 ~ StA~ ~,~~. Checked By J " ~'hfflit:~»~~` BOOK 179 ~~1~35 ~-~ cf