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Home My WebLink About0725 3. To place and continuously keep on the bui!d~ng~ noar w hereafter ~~t~stt on said tand and on all equ~pment and personally covered by thii mat~- sge, with all premiums thereo~ pa~d in full, fire insurance in the usval standerd po~icy form, in a sum approved by the MORTGAGEE, and wind~lorm insuronce in the usual standard pol~cy form, in s ~um approved by ~he MORTGAGEE, in tuch company or compan~es as the MORiGAGEE may direcr; and all fire and w~nds~orm insursnce policies on any of s~~cl build~ngt, any in~e~~i1 therein or parl thereof, in the agg:ega~e tum ~toreiaid w in excess thereof, shatl co~tain ihe usual sfandard mor~gagN claus~ or .~,th otiu~ dauss as ~he Matgagee may rcqu~re, making the lou uodcr ~a~d po1F c~es, each and evcry, payable to said h10RTGAGEE as ~ts interest may sppe+r, and each and every such poticy shall be promptly ass gned and deliv~red ~o eny held by uid MORTGAGEE as fur~her srcu~ity to said mortyage debt, and, not less than ten (10) days in advance ot the ezpi.at~on of each pol~cy, to da liver to said A\ORTGAGEE a renewal thereof, together with a rete~pt iw 1he p~e~uum oi such ronewal; and there shall be no f~re or wfndstotm insuwnte placed on any of said buildings, any interest therein a part the~eof, unless in fhe (orm and with the lou payable as aforesaid; and in the evenl any ium of money bccomes payabte under such policy a policies said MORTGAGEE shall have tha opt~on to recz~ve and apply the same on account o( the indebted neis secured he~eby w ro permit said MORTGAGORS to recaive u~d uss it w any part thereof for o~n~r purposes, .v~iho~t ~h:~cur wawi.~g o~ unpa~r ing any eqv~ty, lien w right under a by virtue of this mo:tgage; end in 1he event uid MORTGAGORS shall fw any reason fail to keep the~ssid premises so ~nsured, or fail to deliver p~omplly a~y of said poticies of insurance to said MORTGAGEE, or fai! promptly to pay f~lty any pre~n~~m therefot w in any respect lait to periwm, d~scharge, ezecuta, efiect, complete, comply with end abide by this cove~anL a any parf hereof, sa~d MGRiGAGEE may place and pay fa such insurance or +~y part thereof without wsiving w afiettiny any option, tien, equity, or rigfit under or by virtue of thit Mortgage, and tht full amount of each and every such payment shall be immedistely due and payable and shatl bear interest from the date thereof until paid at the rate ot nine per cen~vm per annum and to~ethe~ wiih such interest shall be secured by the lien of this mortgage. 1. To permit, tommit ot suffer no waste, impai~ment a deterioration of said property w any patt thereof. S. To pay all and singu!ar the costs, chsrges and expenses, including a reasonable at~wnry's fea and costs of abstracts of title, incur.ed o~ paid at any time by said MORTGAGfE, because w in the event of the failure on the pa~1 of the said MORTGAGOR to duly, promptly and fiully perform, d~scharge. execute, eifect, complete, comply w~th and ab:de by each and every the a!3pularions, agreements, conditions, and covenanrs oi said p~om~ssory no~e and fhis mortgage any or ei~her, and sa~d costs, charges and expensea, each and every, shall be immediately due and payable; whether or not there be not~ce dt mand, attempt to cotlect or suit pend~ng; and the full amouM of eath and eve?y such paymeM shall bear interest from the date thereot until paid at the rare of nine per centum per annurn; and all said costs, charges and ezpenses incurred o~ paid, together wuh wch ~nteresl, shall be secured by the lie~ of thi~ mwtgaga. 6. That (a) in the event of any breach of this Mortgage or default on tht parf of the MORTGAGOR, or (b) in the eve~t any of sa~d sums of money herein referred to be not promptly and fully pa~d within thirty (30) daYS neA~ after the same seve~a:ly bccome due and payable, without demand w notite, or (c) in the event each and every the stipulations, agreements, cond~tions and covenants of sa:d promiswiy ~ote and th~s mortgage any or ei~her a~e not ~uly, promptly and futiy performed, d~xharged, eaecuted, effected, comp~eted, complied w~th and ah~ded `ay, thcn in either a any such even~ the sa~d ag gregate sum mentioned in aaid promissory note then remaining unpa~d, with intere>t accrued, and aIl moneys secured hereby, shall become due and pay- able forthwith, or thereafler, at the option of said MORTGAGEE, as fully and completely as if alt of the said s~ms oi money were w~ginally stipulated to be pa~d on s~ch day, anything in said promissory nofe or in th~s Mortgage to the contrary notwithstanding; and thereupon or thereafter at the option of said MORTGAGEE, w~thout notice or demand, suit at law or in equity, therefore or thereafter begun, may be prosecuted as if all moneys setured hereby had matured pnor to ~ts institution. ' 7. That in the event ~hat at the beginn~ng of or at any time pend~ng any suif upon this Mortgage, o~ to fwectose it, or to reform it, or to_enforce payment of any cla~ms he~eunder, said MORTGAGEE shall apply to the Court having jur~sd~ction thereof fo~ the appo~ntment of a Rece+ver, such Court shall Forthwith appo~nt a receiver of said mortgaged ptooerty all and singular, includ:ng all and singu:ar the income, pro(~ts, issues and rtvenves f~om whatever seurce derived, each and every of wh~ch, it being expressly undersrood, is hereby mo.tgaged as if specitically set fwth and destribed in the gra~ting and habendum clauses hereof, and su:h Receiver shall have all the broad and effettive funct.ons and powers in anywise entr~sted by a Court to a Reteiver, and scch appointment shall be made by such Court as an admitted equity and a m.atter of a5solute rigM ro said MORTGAGEE, and withaut reference to fhe adc-quacy or inadeq~acy of the value of the property mortgaged or to the soivency or insolve~+cy of said MORiGAGOR or the defendants, and that such renes, profits, inco~ne, issues and revenues shall be applied by such Receiver accord~ng to the lien or equity of uid MORTGAGEE and the proctice of such Courf. • 8. To duly, promptly and futly perform, discharge, execute, effect, complete, comply w~th and abide by each and every the stipulations, agrcemenri, conditions and covenants ~n sa~d promissory nore and this mortgage set forth. 9. Tha! in the event the ownership of the mortgaged premises, a any part thereof, becomes vested in s person other ihan thc MORTGAGOR, fhe h10RTGAGEE, its successors and assigns, may, without notice to the MORTGAOR, deal with such successor or successw in intzrest wiih reference to Ihi~ mo~tgage and the debt hereby secured in the same manner as with Mo~tgagw without i~ any way vitiating or discharging the Mortgagors' liability herr under w upon the debt hereby secured. No sale o( the premises hereby mortgaged and no forbearance on the part of the MORiGAGEE w its successors or assigns and no extension of the time fw the payment of the debt hereby secured given by the MORTGAGEf or its successws or auigns, shall operate to release, discharge, modify change or affect the orig~nal liability of the MORTGAGOR herein, eitlxr i~ whole or in part. 10. It is specifically agreed that time is of the essence of this contract and that no waiver of any obligation hereunder or of the obligstion se- c~red hereby shall at any time thereafter be held to be a waiver of the terms hereot or of the instrument secured herby. 11_ In add~tio~ to the fwego:ng monthly payments of princ'pal and interest required by the promiswry nore secured hereby, mortgagor tovenants and agrees to pay to mo:tgagee v+ith eath monthly payment an add~~ional sum est~mated by mortgagee to be equai to 1/12 of the annual cost of the follow- 1ng: A-All real property taxes levied or assessed against thc al»ve described real estate. B-Premiums o~ fire and windstorm insurance as herein requ:red to be carried on the improvements situate on the above described premises. C-Prerniums on such mortgage guaranty insurance as mortgagee shall irom t~me to time deem fit to carry on the loan secured hereby. ~ Mortgagee sha!1 from time to time notify mortgagor in writing of the amount due and payable hereunder and such s~m shall thereupon be due and ° Fayable on the due date of the next mor.thly payment and each successive month thereaft~r ur,til matgagee shall notify mortgagw of a change in such ~ amount. Such sums shafi !~e applied 6y mortgagee toward the payment of real property taxes, insurance prem:ums, and mortgage guaranty inswance ~ p~emiums. ~ IN WITNE55 V'JHEREOF, the said MORTGAGOR has hereunto set his hand and seal the day and year first aforesaid. 4 Signed,, Sealed a elive in the presence of: ~ ; , l l- ,n : 2 r~ ~ ~ • ~ s4 a, ~ _ s~n ~ ~See4 ~ STATE OF FIORIDA ~ St . Lucie ~ COUNTY OF i ~ Before me penonally appeared 7~t'pt1[~P R~~(av and ~ Mareia L. May his wife, to me well known snd known to me to be ~ the individuais desuibed in and who executed the foregang instrument, and atknowledged before me ihat tF~ey executed the same for the purpous ~ F therein expressed. And the said Mareia L. ~p i ~ wife of the said Clarence R• ~3T upon a sep+rate and priwts ' examination by me taken separate and apart from~ her said husband, acknowledged to and before me tFwt she executed'said instrument. freely and volun- y tarily and without any compulsion, constraint, appre sion, fear of or from her said husba~. WITNESS my hand and official seal thi day of November A. D. 19~ JSY ~ri~/ . Notary Public in end for State of Florids at lar~s f ~ My Commiuion expires: ~9 Retum To: F~nt Federal Sa~ir~gs s loan Associafion MOiARY PUBLlC, AIITE OF FLARIDA AT lAR6E or Fo<< P~erce. FI~.EO AND RECOR~SEI~{Y CC~MPAISSION EXR)R 'S~. ~9~ Fo.t Pierce, florida ST. LUCIE COUN7Y. ~LA:' :~om f F?ECORD VERIFIED ~G,,~ : 186121 •:,:~axY': _ - - `u ' ~ ~ : ~ ~ : c, _ This Instrument Prepared By ~jn25 W7 9• Z~ . . y~ . ^ L~` First Federal Savings 8~ Loan Association G: Q:: of Fort Pierce ` ~ ' ~ U 3 L ~ ~ ~ ~ ; , Fla. . ; ~ ROGER POtTRAS ~ Checked By ~°K CIRCUIT COURY~ ' ' ~ ~ BOOK ~01 PACE_~. ~ ~ ~ - ~ _ - - a~x-