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Home My WebLink About1127 t 1 ~ 3. To place and continuou~ly keep on the bui!d~ngs now a heresfter ~ituate on said I~nd and on ali equip~nenl and personatly covered by this mortg~ sge, w~th all premiums thrrew~ pa~d in fuii, fire inturance in the usual s~andard policy form, in a sum app~oyed by thr MOR7GAGEE, and w~ndstorm 7nsu~ance in the usuat i~anda.d pol;cy fwm, in ~ ium approved by the MORTGAGEE, in such company or companies ss the MORIGAGEE may direc~: and all fire and w~~dswrm insurance poliues oa any of sa~d build~nfls, any in~eres~ therein or pa~t thereof, in the aggregate tum afqewid or excesi Ilxreof, shall con~ain ths ~suat standard matgagee cisuse o~ ~uth othe+ clause ~s ~he M«tpagee may req~~rs, ma?ing the loss u~der ~j~d polf cies, each and eve~y, payable to sa~d MORTGAGEE ai ~ts inte~esl may appear, srxl each and every :uch pol~cy ihall be p•omp~ly ass.gned a~d de:~vered ~o any held by said MORiGAGEE as further security to said mor~gaga debt, and, not teu than ten (10) days in advance oi the expiiation of each policy, Io de- I~ve? fo said Mt~RiGAGEE s rcnewal ~hcreof, together with a receipt for the p~emium of such renewal; and there shall be no f~re or wi~dsto~m insurance placed on any of sa~d M:i!d~ngs, any inieres~ there~n or pa~t lhcreo(, unless in the form and with the loss payable as afwesaid; and in the event any sum of money becorr~a payable under suth potiq w policie~ said MORTGAGEE sAall have the opt~on to rece~ve and apply the same on actount of ihe indebted- ness setured hereby a to pe~mit said MpRTGACaORS to receive and ufe it W any parl thereof for other purpoies, v, ihcut th_r~ br waivin3 or ~mpair- ~~g any equity, lien w right under or by virtue of this mortgage; and in the event sa~d MORTGAGORS shall for any rea:on fai! to keep tFu said premises so insured, or fsil Io deliver promptly a~y of said policies of insurance to said MORTGAGEE, or fa~l promptly to pay fully any premium therefw a in any respect fail to periwm, discharge, execute, etiect, comptete, comply with and ab~de by ~h~s cove~ant, or any part hrreof, said MORTGAGEf msy ptace and pay fw such insuranct or any pa~t thereof without waiving w affccting any option, lien, equ~ty, or right undrr o~ by virtue of thls Mortgage, ~nd the full amovnt of each and every such payment shall be immediately due and payabte and shall bear intereat from the date thereof until paid at the rate ol n;ne per cemum per annum and together with suth interest shaii be secured by the fien of th~s mortgage. To permit, tommit or suffer no waste, impairment ot deteriprateon of said properry or any part thereof. S. To pay all and singular the costs, charges and expenses, including a reasoriable attwney's fee and costs oi abstracts of t~tle, incurred a paid at any time by sa~d MORTGAGEE, because w in the event of the ia~lure on ~he part of ehe said MORTGAGOR to duly, pron~ptly and fully per(orm, d~xharge. execute, efied, compfete, compty w~th and ab:de by eac~ and every the stipulat~ons, agreements, cond~r;ons, and covenants of said promissory note and ~his morfgage any or e~~her, and sa~d costs, charges and expenses, each and every, sha~l be immed~ately due and payable; whe~her w not ~here be notice do- mand, atiempt to col;ect or suit pending; and the full amount of rach and every such payment shatl bea. interest from 1he date thereot unti! psid at the rate of nirte per ccnrum per ann~rn; and aU said cos!s, charges and expenses int~rred w paid, together wuh such interest, shall be setured by the lien of thia mwtgage. > i 6. That (a) in the event of any txeach of this Mortgage or default on the part of the MORTGAGOR, o? (b) in tFie event any of sa:d s~ms oF money herein referred to be not rom t! and full ,d within th;r1 (30) da s neat a4ter the same severo!l become due and P P Y Y Pa Y Y y payable, without demand or notite, or (c) i~ the event each and every the stipulations, sgreements, conditions and covenants of sa:d prom~ssory note and th~s mortgage any w eiiher aie nol ~uly, promptly and fully performed, d~scharged, ezecuted, efftcted, completed, complied w,rh and abided Sy, then in either or any such event the said ag- ~ ~regate sum mentianed ;n zaid p~omissory rtote then remaining unpaid, with interesf accrued, and all mo~eys setured hereby, shall become due and pay- able forthwith, or rherea!ter, at the optio~ of said MORiGAGEE, as fully and comp(etely as if all of the said sums ef money were orginally stipulated to be pa~d on such dey, anyfhing in sa:d prom;sswy rate or i~ this Mortgage to the comrary notwithstanding; a~d fhereupon or thereafter at the option of said H10RTGAGEE, without not~ce or demand, suit at law w in equity, therefwe or thereafter begun, may be prosecuted as if all moneys secu~ed hereby had matured pnor to ~ts institution. 7. That in the event that at the beginning of p at any time pending any suit upon this Mortgage, or to foreclose if, or to reform it, or to enforce payment of any claims here~nder, said MORTGAGEE shall apply to the Gou~t having ~urisd~ction thereof (o~ the appo~ntment of a Receiver, such Court shall Fonhwith appoint a receiver of said mortgaged prooerty aIl and sing~lar, inctud~ng alf and singuiar the income, p~of,rs, issues and revenves from whatever source derived, each and every of which, it being expressl/ undersfood, is hereby mor~gaged as if speufically set forth and dex~ibed in the granting and habendum clauses hereof, and such Receiver shall have all the broad and effective funct,ons and powers in anywise entrusted by a Court to a Recrirer, and r ch appoin:mertt shal! be marJe by such Coun as sn admitted equity and a matter of absolute right to said MORTGAGEE, and wishout reference to the edequacy or inadequacy of tne value of ihe proparty mwtgaged or to the soive~cy or insolvency oi said MORTGAv~ R or the defendants, and that such - renrs, profits, income, issues and revenues sha~i be appiied by such Receiver according to the lien o~ equity of said MORiGAGEF and the prectice ot such = Courf. ; ' 8. To duly, promptly and fuliy perfwm, discharge, execute, effect, complete, comply with and abide by eacF and every the s~ipulations, agreements, ~ coridifions and coveoants in said promissory note and this mwtgage set iwfh_ ~ 9. That in the event the ownership of the mortgaged premises, or any part thereof, becomes vested in a person othe~ than the MORTGAGOR, the ti',ORTGAGEE, its successws and assigns, may, without notice to the MORTGAOR, deal with such successw a successor in interest with refesence to this mortgage and the debt he~eby secured in the same manner as wifh Mortgagor without in any way vitia~ing or d~scharqing the Morrgagors' liability herr under or upon the debt hereby secured. No sale of the premius hereby mortgaged and no for5earance o~ the part of the MORTGAGEE w its svccessors ' or assigns and no eztens~on of the time fw the paymeret of the drbt hereby secured given by Ihr MORTGAGE~ or its successors or assigns, s6a11 operate : ro release, d~scharge, modify change or affect the orig~nal liab~l;ry of the MORTGAGOR herein, either in whole or in part. ? i )0. !t is spedfically agreed tbat time is of 1he essence of this comrad and that no waiver of any obligat3on hereunder or of the obigatan te- ~ cured hereby shall at any time thereatter be held to be a waiver of the terms hereof or of the instrument secured herby. g 11. In add:~;o~ ro ihe forego:ng month~y payments of princ'pal and imerest required by the promissory no!e securzd hereby, mortgagor covenants an~ agrees to pay to mortgagee with each monthly payr.ient an add~~ional sum est;mated by mortgagee to be equal to 1~`12 of ?he annual cost of the follow- ~ ing: ~ i A-AII real property taxrs le+ied or assessed against thc above descri5ed real estate. ~ B-premi~ms on fire and windstorm insurar.ce as herein requ~red to be carried on the improvements situate on the above described premises. ~ ~-Premiums on such mortqage quaranty insurar,te as mortgagee shaU from t~me to time deem fit to carry on the ban setured hereby, t Mwtgagee sha?i frem tiene to time not~fy mortgagor in virri;~ng of the amo~nt due and payable hereundrr and such surn sha11 thereupon be due and Fayable on the due oate of the next momhty payment and each successive momh thereafter ur.ti~ morigagee shall notify mortgagor of a change in such ,`i amount. Such sums sha:l be app:ied by mortgagea toward th- payment of real propeny taxes, i~surance prem:ums, and mortgage guaranty insursnce s p•emiums. ' < 1 IN WITPJ~~S NHER~OF, the said MORTGAGOR has f~ereumo set his hand and seai the day a~d year first aforesaid. ~ „ed at d- z.ea ~ 60 AND RECORDED ~ ST, LUCIE COUNTY. F~,,~ST. LUCIE ry = ~ "~P'' ~~c,c~ undpr Trus m t# 3 j ~ a~) ; ~ dated t r 5 68/ n i . ~ 18b411 by . Z~ tQ : y3 , s r en SiATE OF FLORIDA ~ courm oF ST. LIJCIfi Attest: _ !E?iier ; - - - - - - - - - - - - c~.~R Rc T c uRr? : STATE OF FLORIDA • COUP[TY OF ST. LUCIE ~ I HEREBY CERTIFI', That on this ~ S t day of ~ Dec embe r A.D. 19_.b~, ~ bEfore me personatly appeared ROBERT TBRRY and PEGGY BARRY rQSpectively President and Vice-President and ~ Cashier , of sT_ LUCIE CO TY BANK ~ a Florida Banking ~rporation, to me known to be the persons described in and who executed the foregoing instrument, and severally acknowledged the exe- cution thereof to be their free ad and deed as such officers for the uses and purposes therein mentioned; a~d that they affixed thereto the official seal of said corporation, and the said instrument is the ad and deed. ~of said oorp~,ition. ; WITNESS my hand and official seal ai Fart PierK ~zs='~~ ,;ai~' caur~ty ar~d slst~. _,'~~C F~~ ; , , . This instruaent prepared by ? - First Rederal Savings and Loan Assoc. Notary ublic, in and for State and Courit9 afo"}esl~id. ' o~f Fozt Pierce My Commission Expires: u ~f /~j7~ ; Ey Frank Fee : , _ ~ ~ ' J~ O 1• _ ~ - ~•~1~•'• . ~ 7 . ~ k _ :r ~ ' 1126 ~.t; y ~ BOOK PAGE „ . •t,' t\ ~ ~ . H _ _ . , ~