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Home My WebLink About0976 3. To ptace a,~d continuously keep on ths bui!dings now w hereaftsr ~it~ate on said land and on alt equipment and personally covered by this matg- sge, wlth ~11 pren~iums thereon pa~d in fult, f~re insurance in the usual sta:xlird policy (orm, in a sum appro~ed by the MORIGAGEE, and w~nd~torm ~nsurance in the uaval srandard {w~:cy form, in a sum approved by the MORTGAGEE, in such company or co+npan~es as the MORTGAGEE may di~ect; and ~II fi~e a:u1 windstorm insurance po~~cies on any of sa~d bvild~ngs, any interest therein or parl thereof, in the aggregete sum afwessid w in excesa thereof, shall contain the usuat srandard mortgagee dause w such other c~ause as the Mo+tgagee may requ~re, making the loss unde~ smd poti- cies, each and every, payable 1o said MORiGAGEE as its inferast may appea~, and each a~d every such policy shall be prompely ass gned a~d delivrred to any heW by said MORTGAGEE as further security ~o ~aid mor~gage debt, and, not less than ten (101 days in advance ol the expiraHon of each pol~cy, to da liver to sa~d MORTGAGEE a renewal tl~ereof, fogeiher with s rece~pt fw Ihe pra~n~um o1 such renewal; and there shall be no f~re or v~~ndstorm insurance placed on any of sa~d build~ngs, any interest therein or part thereof, ~nless in the torm and with the loss payable as aioresaid; and in the event any sum of money becomes payab~e undc~ such policy a policies said MORTGAGEE shall have the opt~on to receive and apply the sar,~e on account of the indebted ness secured hereby or ro permit uid MORTGAGORS to receiva and use it a any part ~hereof for o:her purF~oses, .•.~~hcut ih_nu~ wai~i.~g or ~mpai.- ing any equity, lien a ri9ht unde~ a by virtue of this matgage; and in the event said MORTGAGORS sAall for any reason fail to keep the said premises so insured, a fail to deliver promptly any of said policies of insurance to said MORTGAGEE, or fail promptly to pay fu1!y any pre~nium therefor w in any respect fail to perform, d~scharge, execu~e, effect, complete, compty with and abide by this covenant, or any parf hereof, said MORTGAGEE may place and pny fa such insurance or any part thereof without waiving w affectin9 any~opi~on, lien, equ~~y, w right under or by virtue of this Mortgage, and the • fult amounl of each and every such payment shall be immediately due and payable and shall bear ~nterest from tha date thereoF until paid at the rate of ~ n~ne per centum per annum and ro~elher with such intereat shall be secured ~y the lien of this mortgage. ~ To permit, commit or suffer no waste, impairment w deterioration of said property w any part thereof. 5. To pay all and singulsr the costs, chsrges and expenses, i~ciud~n9 a reawnable attor~ey's fee and cos~s of abstracts of t~tle, incurred or paid at any time by said MORTGAG:E, because or in the event of Ihe failu~e on the part of Ihe said MORTGAGOR to duly, promptfy and fully perfwm, discharge, execute, efieu, comple~e, tomply w~th and ab:de by each and eve~y the stipulat~ons, agreements, cond~tions, a~d cove~ants oi said promissory note and thii mortgage any or eiiher, and sa~d costs, charges and expenses, each and eve~y, shall be immed~ate~y due and payable; whether or not the.e be notice dr mand, attempt to collect w suit pend~ng; and the full amount of each and every such payment shall bea~ interest from the date the~eof until paid al the r,re of nine per centum per annu:n; arw aft said costs, charges and expenses inturred w paid, Iogeti~er w~th :uch interest, shalt be secured by the lien of th~~ mortgage. 6. Tha? (a) in the event of any breach of this Mortgage or default on the part of the MO~.TGAGOR, or (b) in the event any of satd sums of money herein referred to be not promptly and fully paid within thirty {30) days next afte~ the same severally be~me due and payable, witMu~ut demand or notice, or (c) in the event each and every the stipulations, agreements, conditions and covenants of sa;d promissory note and th:a mortgage any or eithe~ are ~of ~uly, promptly a~d fully performed, d;scha~ged, executed, effecred, completed, complied with and a6ided Sy, then in either w any such event the said ag gregate sum mentioned in sa~d promisso~y note then re~naining unpa~d, with interest accrued, and all moneys setured hereby, shall betome due and pay- eble fo~thwith, or thereafter, at the oprion of said MORTGAGEE, as fully and completely as if all of the said sums of mo~ey were originally stipulated to be paid on such day, anyt6ing in sa:d promisswy oate or in this Mortgage to the contrary notwithstanding; and thereupon or therea(te~ at the oprio~ of sa~d MORTGAGEE, wirhout notice or demand, suit at !aw or in equity, therefwe w thereafter begun, may be prosecuted as if all moneys secured hereby nad matured pr~ot to iM institution. 7. That in the event that at the beginning of or at any time pending any suit upon this Mortgage, w to foreclose if, or to reform it, or to enforce payment of any claims hereunde~, :aid MORTGAGEE shall app!y to the Court having jurisd~c~ion thereof lor the appo~ntment of a Receiver, such Court shail forthwith appoint a rece~ver oi said mortgaged prooerty all and singular, i~clvd~ng at! and singular the income, prol~ts, issues and revenues from whatever so~rce derived, each and every of which, it being eaµressly understood, is hereby mor~gaged,as if spec~fically set fo~th and deuribed in the granting and haoertdum clauses hereof, and such Receiver shall have all the broad and effective funct~ons and powers in anyw~se entrusted by a Court to a Receiver, and s:.ch appointment shall be made by such Couit as an admitted equity and a matter of absolute r:gh~ to said MORTGAGEE, and without reference to the adequacy ar inadeq~acy of the value of the property mortgaged or to the so~vency or insotvency of said MORiGAGOR a the defendants, and that such rems, prolits, income, issues and revenuea shall be applied by such Receiver accord~ng to the lien or equity of said MORTGAGEE and the practice of such CouA. 8. To duty, promptly and tully perform, d~scharge, execute, eifect, complete, comply with and abide by each and every the stipulations, ag~eemenis, conditions and covenanrs ~n sa~d promissory note and this mortgage set forth. 9_ That in the event the ownership of the mortgaged premises, or any part thereof, becomes vested in s person other than the MORTGAGOR, fhe A",ORTGAGEE, its successors and ass~gns, may, witho~t notice to the MORTGAOR, deal with svch successo~ or successor in interest wi~h refere~ce to this me~tgage and the deot hereby secured in the same manner as with Nbrtgagor without in any way vit~ating w d:scharging the Mo.tgagori liability herr under or upon the debt ho~eby secur~d. No sale of ~he premises hereby mortgaged and no foroearance on the part of the /~10R7GAGEE or its successws or as:ig~s and no eztension of the time iw the payment of the debt hereby secured given by the MORTGAGEE or its successors or auigns, shall operatQ ~ ro release, d+scharge, modify change w a(fect the original ~iaailiry of the MORTGAGOR herein, either in whole or in part. ~ 10. It is specificalfy agreed that time is of the essence of this contract and that no waiver of any ob!igation hereunder or of fhe obligation sr c~red hereby shal~ at any time thereafter be held to be a waiver of the terms hereof a of ff~e instrument secured herby. , 11. In addn:oa to the forego:nq monthly paymsnis of princ'pat and interest requ:red by the prom~ssory nore sewred hereby, mortgagor covenants and agrees to pay to mortgagee with each monthfy payrneN an add~rional sum estimated by mortgagee to be equal ta 1~' 12 of the annual cost oi the follow- ~ ing: 't A-Afl real property taxrs levied or assessed agaiost the a'aove described real estate. I B-pr~:r.~u~ns on fire and windstorm inw•ar.ce as here3n requ~red to be carried on the ~mproveme~ts s~tuate on ihe above described premises. F C-Premiums on wch mortg;ge guaranty insurance as rtw~tgagee shall from t~me to time deem fit to carry on the loa~ secured hereby. ~ Mortgagee sha+l from t~me to t~me notify mortgagor in writing o4 the amoum due and payable hereundrr and such sum shall thereupon be due and ' c ayabte on the due aate of rhe next monthly payment and each successive month thereafter ur,til mortgagee shall notify mortgagor of a change in such - ~ a,~:ount. Such sums s6a:1 be applied by mortgage8 toward the paymeM of reai property taxes, insurance prem:ums, and mortgage guaranty insurance ; c~emiums. t IN WITNESS Wi1EP,~Of, the said MORTGAGOR has hereunto set his hand and seal the day and year first aforesaid. ~ ; 'gne 5 e an~ delivered in the presence of: ~j ' G C~ (Sesn ' ~ i n ss ~E: Zin~sey ; ~ . (Seaq ~ # ~ S (SeaD ~ t~i ness ' _ a . in sey ~s~an ~ - ~ ~ SiATE OF FIORlDA ~ ~ ~ ST . UJC IE f COUNTY OF 1 ~ Before me personaily appeared R. E, Lindsey s~ .~p81 S. I.li1d36}/ his wiie, to me well known and known to me to bs ¢ the individuals deuribed in and who executed the foregoirva instrument, and acknowtedged before me that they executed the same for the purpous t ~ therein expressed. And the said ~al S• Lindsey } ~ R. E. Lindsey = ~ ~v~fe of the said upon a separate and priwte ~ examinatio~ by me taken separate and apart from her said husband, ackrawledged to and befwe me that she executed said instrument freely and volurr ~ ranly and w~fhout any computsion, constraint, apprehension, a fear of ar from her said husbsnd. ' ` WITNESS my hand and official seal this ~ r TM day of NOV@mb A D. 19 69 + ~ w~ ~ Notary P ~c in ~nd 1Fx State f Flo?ids~at.lqr e ' My Cahmission expires: ~~f/~•' ~:T.~: r-~ 9 ~ R~t~~n To: ~ o_ a a_ 7 0 J~~ ~ fint Fed~ral Savi n gs 6 loan Associatioo ~ Of Fort Pierce. ` ..~4/•'•, ~.1'~- ~ Fo~+ Pierce, Ftorida FILED AND RECORDED _ ~`J , I ` ST. LUCIE COUNTY. FLA. _ 1.` _ ~ ;~-~+~;~r; ~~C:~t~'~Q ~ : , . _ 'f V/v~v ~l . ~ This Instrument Pre ared B John W. Collins 1862~20 h p y ~s9 o~c i~ s: s . ~ First Federal Savings 8~ Loan Association : of Fort Pierce~ Florida ~ ~ ~a ~z~~~ ~ , T~: ~ : n F~O~ ~ r~: s `r` Checked By ~ CL~FK CIRCUI7 COURT ~ ~ $OUK~O~„ ~At;E-~-t7~ ~ - - ~ ^ ~ _ . - - - : ~ ~ . v~_..- - . ; - _ _ _