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Home My WebLink About0749 3. To plece and continuou~ly iceep o~ the building• now a hereafttr situat~ on sa~d land and on all equipment and personally covered by this mort9- sgs, w~th all premivms therean pa:d in futt, fire insu~ance in the usua! standard polecy form, in a sum approved by the MORIGAGEE, and windsrorm insurance in the usual itandard pol~cy tam, in • sum approved by the MORTGAGEE, i~ tuch company or companie~ ss the MORTGAGEE msy dircct; ~nd all (ire and wir+ds~orm in~uronce policies on ~ny of sa~d build~ngs, any interest therein or pa.1 thercol, in the agg~eqate sum afaesaid o? In excas thereof, shall contain fhe usua! standard martgage~ cl~uu a such o~har c~ause as the Mongagee may reqwro, making the Ioss under sa~d poli- cies, each and eve+y, payable to said MORTGAGEE as iti interest mry appea~, ~nd e+ch and every au~h poticy shall be prompily au g~ed and de~ivered to sny held by ~aid MORiGAGEE as ~u~ther security to said mortflegs debf, and, no~ ~ess rhan ten (10) days in advance of the expira~~on of each policy, to de- I~ver to ~aid MORTGAGEE a renewal thereof, ~ofle~her with a receipt for the premium of such renewal; and ~here shall be no f~re o~ windeto~m insurance ~ placcd on any of said buildings, any interest therein or pa~t thrreof, unteu in the form and with the toss payabte a: afo~esaid; and e~ the event any sum ~ of money becomes payable under such pol;cy or poGcies said MORTGAGfE shall have the opGOn ro receive and appiy the ume on accoun~ of ~he indebted ness secured hereby w to pe~mit said MORTGAGORS to reteiva and u3e it Ot any part thereo! for othcr purposes, ~v~thout therrp~ ;Naivi~i3 0~ ~mpair- ; ing any equ~ty, lien w right under w by virtus of this mor!gage; and en Ihe event w~d MORTGAGORS shall for any ~eason (ail to keep the said premisrs so inau~ed, w fail to def~ver p~omp~ly any of uid po;K7es of i~su~ance to said MORTGAGEE, o~ fait promptly to pay fully any pre~n~um the~efa a in any resped iail to per(orm, d~scharge, execute, effed, complete, comply wi~h and abide by th~s covenant, w any part hereof, said MORTGAGEE msy pl~ce ~nd pay fw such insurance or any part thereof without waiving or •ffetting any pptipn, lien, equ~ty, or ~ight under or by virtue of ?his Mortgage, a~d the full amount of each and e.~ery such paymcnt shall bs immcdiately due and payable +nd shall brar interest from tF~e date thereof until p~id at the rate of n~ne per centum per annum and ro~ether wirh iuth interest shal! be secured by the lier. of lhis mortgage. 1. To permit, commit w suffer no wssre, impairment or deteriwation of said properry or any part thereof. 5. To pay all and singutsr the costs, charges a~d expenses, including a reasonable attwney's fee and costa of abstracta of title, incurred w paid at any fime by said MORiGAGfE, because a in the evero of the failure on ~he parl of the said MORTGA(',pR to duly, promptly snd fulty pe~form, d~uharge, ~ execute, effect, comptete, complr w~th and ab:de by each snd every the stipu~anons, agreements, condit~ons, and tovenants of said promissory note a~d thi~ mortgage any or e~~he~, and sa~d costs, charges and expenses, each and every, shall be immediately due and payable; wherher or no~ there be no~~ce dt mand, attEmpt to collect or suit pend~ng; and the tult amo~nt of each and eve.y such payment shall bea~ interes~ from the date thereof until psid ~t the rate ol nine per crntum E;er annum; and ali said costs, chargea and expenses incurred w paid, together w~th such inttrest, shall be secured by the lien of this morigage. b. Thst (a) in Ihe event of any breach of this Mortgage or defaull on the parf of the JIRORTGAGpR, or (b) in fhe event any of sa~d sums of money herein referred to be not prompHy and fully paid within thirty (3p) dars r+exf atter the same seve~ally become due and payab~e, without demand or notice, or (c) in the event each and every the atipulations, agreements, co~d~tions a~d covenants of sa~d promissory note and th~s mortgage any o~ eitAer are not ~uty, promprly and fully performed, d+'xharged, exet~?ed, effected, conpleted, compieed w+th and ab~ded Sy, Ihen in e~~her w any such event the said ag g~egate sum mentioned in said promisswy note then remaini:~g unpa~d, with interest accrued, and a11 moneys secured hereby, shall become due and pay- able twthwifh, or thereafter, at the opt;o~ of said MORTGAGfE, as fully and complerely as ii al! of ?he said su.ms of money were wiginally stipulated t~ be paid on such dcy, anything in sa;d promisswy note or in this Mwtgage to the connary notwithstandin~; and ~hereupon or thereafter at the option of sa~d MORTGAGEE, w~~hout nor~ce or demand, suit at law or in equity, ~herefore or thereafrer begun, may be prosecuted as if all moneys secured hereby had matured pnw to its institution. 7. That in the event that at the beginn~ng of w at any tirrK per~ding any suit upon this Mortgage, w to faeclose it, or to reform it, or to enforce payment of any claims hereunde~, said MORTGAGEE shall apply to the Court having jvrisd~ction thereof for the appo~ntment of a Receiver, such CouA shall forthwith appoinf a receiver o~ said mo+?gaged paooe~ty aU and singulsr, includmg all and singula+ the income, prohts, issuea and revenues from whatever source derived, each and every of wh~ch, it being expressly underatood, is hereby mortgaged as if spec~fically set io~th and dexribed i~ the gronting and habendum clavses i~ereof, and such Qeceiver shali have a11 the broad and effecrive funcr~ons and powe~s in anyw~se entrusted by a Cou~t to a Receiver, and s;.ch appointment shall be made by such Coun as an admifted equity and a matter of absolute right to said MORiGAGEE, and without reference to the adequacy a inadequacy of the value of the property morigaged or to the sotvency w insolvency o( said MORfGAGOR o~ the defendants, and that such renrs, profits, income, issves and revenues shal) be applied by such Receiver accordmg to the lien or equity o( said MORTGAGEE aod the practice of such Court. ~ 8. To duly, promptly and fully periwm, d~scharge, execute, effect, comptete, comply w~th and abide by each and every the stipu(ations, agreements, ; conditions and covenanrs in sa~d promissory note and this morrgage set for~h. k 9. That in the event the ownershEp of the mortgaged premises, w any part thereof, becomes vested in a person othei th~n the MORTGAGOR, the ~ MORTGAGEE, ita successors and ass~gns, may, without notice to the MORTGAOR, deal wi~h such successor w successor in interest with reference to this mortgage and ~he debt hereby secured in the same manner as with Mortgagor wirhout in any way vifiating w d~uharging the Mortgagors' fiability herr under or upon the debt hereby secured. No sale of the premises hereby mortgaged and no forbearance on the part of tlie MJRTGAGEE a its sutcessors or assigns and no exrens~on of the time for the payment of the debt hereby secured given by the MORTGAGf'_ or its successors or ass;gns, ahall operate : ro release, descnarge, modify charege or affect the original liab~lity of ~he MOR7GAGOR herein, either in whofe or in part. 10. It is specifically agreed that time is of the esunce of this contract and that no waiver of any obligation hereunder or of the obligst'an se- cured hereby shali at any time thereafter be held to be a waiver of the terms he.eef or of the instrument secured herby. ' 11, In add:tio~ to the forego'~~g mo~thly payments of princ pal and interest required by the prorr.;ssory nore secured h¢reby, mortgagor covenanis a~d agrees to pay ro n:or:gagee with each morohly pay.nent an add~~ional sum est~mated by mortgagee to be equal to 1 i 12 of the annual tost of the follow- in~: A-All real property taxes levied or assessed agai•~st the aoove described reat esrate. B-Pren:~ums on fire and windsrorm insurance as herein r~qu;red to be carried oR the improreme~ts situale on the above described premists. C-Pre~niur~s o~ such mort~age guaranty insurar:~e as morrgagee shall from t~me to_ t~~ne deem fit to carry on the loan secured hereby. Mortgagee sha!! ~rom t~~ne to time not+!y mortgagor in writ~ng of the amount due and payable hereundrr and such sum shall thereupon be due and F.ayable on the dve date of the next monthiy paymenf and each successive month thereaft~r ~ati: mortgagee shaN notify mortgagor of a change in suth ~ a:.,ount. Such wms s6a~l be applied by mortgagee toward the payment of real prope~ty taxes, insurance prem:ums, and mwtgage guaranty insurance p ~emiums. IN WI ESS LVHER:OF, the said RTGAGOR has hereunto set his hand and seal the day and year firs! afqesaid. S' al n i e presence oi: ~ _ • • ' /L_ ~~tY~°~ ~7Li~it(Sesl) (Seal) ~Seaq ~ ~Seaq s STATE OF FLORIDA 1 St. Lucie i u- COUN7Y OF ~ 8efwe me perwna!!y appeared e v Jane Thorm~r~~ A W1dOW 6i~. wife~ to me well known and known to rsk to be the individusls desuibed in and who executed the fwegoing instrument, a~d stknov?ledged befwe me that-the~r executed the same for ihe p~rposes therein expressed. Md~li~rss~ 5}'I@ Of'1h~ lsid .Y'Ow ?i~pN~N i~.QiiY~ifb• ~ K.r.~niwMi~ir ~r w~s qhew i~p~l~ ~wd-a'~r?. frow?~ be? ~sid.l~wbawdr aclr»wbd~~d-» .awc~kLo~e-w~s-ti~a~ ~he~w~cW~d.aaii in~tsuw~ri? iti~Jy~+.a~~ aipk~n- ~ 7arit~~wd-wAheet's~Y'co~n+P~r~ie~+.-crn~t~es+R~pp~ei~~ww?r~r~.fe«~i~~irwrrbera~id~wiawi.- • . i WITNESS my hand and offic~al seaf thi: ~`f day of _ NOVeIQ~@I 19~~ ~ y/'Ji (~~n _~.c'~...c.. 3~,~i " ~ ~"N~' / Notary Pu G' Ysod for the ~fat~ of florida atlupe~ FILED AND ~EC~~~,xp~~~: ~Z-_-3_;y~_ - Retum To: First Federsl $avings 3 Loan Association ST'~ECORD VVNTF,£0~• • , ~ Of Fort P~erC@. ' Fort Pierce, florida ti~ .,r,. , ' 186 ` '69 NaV 25 AM I ! : 2T ` ~ ; ~,~w Lp~ ~ i This lnstrument Prepared By Richard K. Kayes 'i• I First Federal Savings ~ loan Association ~pGER POITRAS of Fort Pierce , Florida CLERK CIRCUt7 COURT' : Checked By ~ ~ ; _ BOOK 181 ~~E., i49 ~ ' ~ ~ - - a ~ _ -