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Home My WebLink About2592~ •~ ; 1, Z 3. To plea and eontinuovsh keep on tM buildings now a hereafter shwb on said land and on all equipment and penonalh covered by this mttrtg• age, with aft premiums thereon paid in fulb fin ir-swanu in tM wort standard policy term, in a wm approved by tM MORTGAGEE. and windatam inawara in tM vswl Handed policy fare, h a sum approved by tM MORTGA.raEE, in such company a companies q rM MORTGAGEE may direct: and all fin and windstorm irtsurana policies on any of :aid buildings. any Interest tMrein a part thereof, in tM aggregate aNrt afaeaid a M exuss thereof, sMll contain tM weal standard mortgagee claws a such otMr dawe a• tM Mortgagee may require, making tM kxs under said poll. else, each and awry. payable ro said MORTGAGEE a in interest may appear. and each and awry wch policy shall be promptly assigned and delivered ro any Mid by said MORTGAGEE as further security ro said mortgage debt. and, tier less than ten (10) days m advance of tM expiration of each policy, ro de• liver ro aid MORTGAGEE a renewal thereof, together with • receipt fa the premium of such renewal; and there shall be rto fire a windstorm insurance placed a- arty of aid buildings, any interest therein a pat tl-ereof, w-kss in tM form and with tM leas payable a ofaeaid: and in tM event arty sum of matey batontas payable under sudt policy a policies aid MORTGAGEE shall Mw tM option to receive and apply tM same on account of tM irdebted• nee secured hereby a to permit aid MORTGAGORS to reoaiw and ua h a any pat thereof fa other purposes. without thereby waiving a impair- ing any equity, lien a right ceder a by virtw of this rnortg+get and fn t)te event aid MORTGAGORS sMll for any reason fail to keep tM aid premiss so insured. a fail to deliver pompth any of aid policies of inswana ro aid MORTGAGEE, a fail promptly to pay fully any premium therefor a h any respect fail b perform, disd+age, exaa-ta. effect. complete. comply with and abide by this mustier^t, a any part hereof, aid MORTGAGEE may glees and pay for such inswana a any paA thereof without waivirg a affecting any optwry lien, equity, a right under a by virtw of this Mortgage. and tM full amount of each and every such payment shall be invnediahy dw and payable and shall bear interest from tM date thereof until paid at tM tab o1 nine per ca-tum pa annum and together with such interest shall be secured by iM 1'ren of this mortgage. 4. To permit, oomrnil a suffer tw wash, impairment a deterioration of aid property a any pat thaaof. S. To pay all and sirtgvla tM costs, chargers and expweb inducting a reasonable attorney's fee and cosh of absttacn of title, incorrect a paid at any time by aid MORTGAGEE, bacwse a in 1M event of tM failwe en tM pat of tM said MORTGAGOR ro duly, promptly and fully perform, disrharge~ execute, effect, canpkb, oomph with and abide by each and awry tM stipulations, agreements, conditions, and eownann of aid promissory note and this mortgage any a either, and aid coati. cMrgp and expenses. each and every. shall be Grunediateh dw and payable: whether a not there be notice da• mend, attempt ro collect a wit pendingt and tM full arrrour-t of cacti arvf every such payment shall bear interest fran tM dab thereof until paid at tM rate of nine pa aeMxn per annum; and all aid costs, charges and expenas irttwred a paid, together with such interest, shall be secured by tM lien of the mortgage. 6. 7Mt (~) in tM event of any breach of this Mortgage a default on the part of tM-MORTGAGOR, a (b) to tM event any of aid sums of trtonsy herein referred to be not promptly and fulh paid within thirty (30) days next after tM same averatly become due and payable, without demand a notice, or (ter in tM event each and every tM stipuatiorn, agreements, conditions and covtnann of aid promissory note and this morgage any a either are not ~vly, promptly and fully performed, disd»rged, executed, effected, completed. complied with and abided by, then m either a any such event tM aid ag• gregab wm mentioned in aid promissory rate then remaining unpaid, with interost accrued, and all moneys secured Mrsby, sMll become dw and pay able forthwith, a thereafter, at tM option of said MORTGAGEE, as fully and completely as if all of tM aid wms of money were originally stipulated to be paid on such day, anything in said promissory sole a in this Mortgage to 1M contrary notwithstanding; end thereupon a thereafter at tM optwn of said MORTGAGEE, without noYKe a demand, wit at kw a in equity, therefore a thereafter begun, may be prosecuted as if all moneys secured hereby had matured prior to in institution. 7. That in tM event that at tM beginning of a at any time pending any wit upon this Mortgage, a to foreclose it, a ro reform it, a to enfaa payment of any dawns hereunder, aid MORTGAGEE shall apply to the Court Mving jurisdiction thereof fa tM appointment of a Receiver, such Court shall forthwith appoint s receiver of aid matgagad property all and sirgukr, including all and singular tM 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 described in tM ~ing end habendum clauses hereof, and such Receiver shall Mve all tM broad and effective functioru and powers in anywise enfrwted by a Court to a Receiver, end such appointment shall be made by such Court as an admitted equity and a matter of absolute right to said MORTGAGEE, and without reference ro tM adequacy a inadequacy of the valve of tM property mortgaged a to 1M solvency a insolvency of said MORTGAGOR a the deferdann, and that wch rents, profits, income, issues erect revenues shall be applied by such Receiver according to tM lien a equity of aid MORTGAGEE and tM practice of such Court. 8. To duh, promptly and fully perform, discharge, execute, effect, complete, comply with and abide by each and awry tM stipuletroru, agreemenb, conditions and covenants in aid promissory note and this mortgage set forth. 9. That in tM event tM ownership of tM mortgaged premises, a any part thereof, becomes vested in a person other than tM MORTGAGOR, tM MORTGAGEE, in sucusson and assigns, may, without notice fo tM MORTGAOR, deal with such successor a successo7'in interest with reference to this mortgage and the debt hereby secured in tM same manner as with Mortgagor without in any way vitiating a discharging the Mortgagors' liability Mre• under a upon the debt hereby secwed. No ale of tM premises hereby mortgaged and no forbearar-ce on tM part of tM MORTGAGEE a in successors or assigns and no extension of the time fa tM payment of the debt hereby secured given by tM MORTGAGEE a in successors or assigns, shall opaab to release, discharge, modify drange or affect tM original liability of the MORTGAGOR Mrein, either in whole a in part. 10. It is specifically agreed that tune is of tM essence of this contract end that no waiver of any obligation hereunder a of tM obligation se• cured Mreby shall at any time thereafter be held to be • waiver of 1M terms hereof a of tM instrument secured herby. 11. In addition to the foregoing monthly payments of principal and interest required by the promissory note secured hereby, mortgages covenann and agrees to pay to mortgagee with each monthly payment an additional sum estimated by mortgagee to be equal to 1/12 of the annual cost of the follow- ing: , ~ . , A-All teal property taxes. levied a assessed agairtsf th f above described real estate. B-Premiums on fire and windstorm insurartw ss herein required to be carried on tM impcovemeofs situate on the above described premises. C-Premiums on such mortgage gwrsnty insurance as mortgagee shall from time to time deem fit to urry on the loan secured hereby. Mortgagee shall from time to time notify mortgagor in writing of tM amount due and payable hereunder and such wm shall thereupon be dw and payable on the due date of the next monthly payment and each successive month thereafter until mortgagee shall notify mortgagor of a durrge in wch amount. Such wms sF.all be applied by mortgagee toward the payment of real property taxes, inwrartce premiums, and mortgage guaanty insurance prem"~ums. IN WITNESS WHEREOF, the aid MORTGAGOR has hereunto set his hard and seal 1M day year first a esaid. Signed, seal d and !iv n tM presante of: n n n--n ~n STATE OF FLORIDA St. Lucie ~' couNTY of 8afae me personally appeared Joseph g• POltiflfll and H11~1 O• Imo'*~11 for wife, to me well known and known to me to be the individwb described in and who executed tM foregoing instrument, and acknowledged bsforo rrte that they executed tM same fa tM purposes therein expressed. And tM aid Hllan O. Powl11 wife of tM ale exam'uu-tan by tardy and withc WITNESS ~(ttle1a ~sss ,t.~ .• ~•. r~: upon a sepaate and prfvab instrument freely and volun• aepaab and apart from her aid husband, adcrwwledged to and betas me that sM executed agwlsion, catstraint, appreheruiay feu of a from fter aid Iwsband. :a- Mdrpf ficial seal this-~ -~ day of ~+ Slptf~be! ., 4 '• ~•., p % i s4 ~ 1a ~-`• . . z ,~,~ First f~~;v+~'I~'~ ..r.,~ ~oA ~8 <;: <cJ; ,c . ,~~ ~ ~ __ . __ ,:. 'rFrrntrfst~~~~ K:u~ This InsV `- - ~: tted By John First Federal Savingic'"~. _ ,, -Association • of Fort~Pie-ros Rlotida A. D. 19 6~ Idtitary Public in ind fa tM State of Fkxida at large My Commission expires: Notary Ptt~ic, State of itiorida~ tlar6q~e My CoiTwai:siou Ettpt~ Sept. ~~ ti /urrirsa Five i CarwMf G>h Ff>.ED AND. RECORDED, ST. LUCIE COUNTY, FLA. • NECORp'~~RIFIED w. collies 18~~8 Checked By ,, ~°o~K~.79 X2590 f~ '69 SEP 15 AM 10 : I q ROGER FOITRAS CLERK CIRCUIT COURTi ~~ ~Y ,f~. ;, , - s -~ -