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Home My WebLink About1451 3. To place and con~inuously kcep on ~he bu~!d~ngi now or Mre+fter ~ituate on sa~d fand and on all equipment ~nd personaily covered by this ma~p- # ~ge, with sll prem~um~ thereon pa:d in full, fire insurance in the usual sfandard po~icy fo~m, in ~ sum ~pproved by tt~e MORiGAGiE, and windstwm imurante in the vsual srandard pot~ty fwm, in a sum approved by tF~e MORTGAGfE, i~ iuch tanpany or compan~es as the MORTGAGEE rray S direc~; ~nd all fire and w~ndatorm insuronce poliues on any of said build~ngs, any in~erost therein or part thereof, in the aggregate sum afo~etaid w In excess lhereof, shall co~tain ~he usuat standard morrgegce clause or such oiher claufe as tM Matgagee may ~equ~re, makin9 the los~ under ~aid polF cie~, each and every, payabfe to said MORTGAGEE as ~ts interest may appea?, and each and every such pol~cy shall be promptly a~s gncd and de~ivered to •ny held by uid MORIGAGEE as further security to said mortgage debt, and, nor leu than ten (10) days in advance of the expiratio~ of each policy, to d~- live? to said MORTGAGEE a renewal thereof, toge~het with s rae~pt ior the premium of such renewal; and Ihere shall be no f~re or windstor~r insurante pl~ced on any of sa~d build~ngs, any interest ~here~n or part thcreof, unless io the form and with the loss payable at aforosaid; and in the evant any sum of money becomes payable u~der such policy w pol~cies uid MORTGAGEE shall have the op~ion to receive and apply the same on account of the indebted- neu ucured hereby w ~o pe+mit said MORTGAGORS to receive and use it w any par~ thrreof :or osnr~ purposes, w~ihout Ih.reo/ waivi~~g or ~mpair- ing any equ~ry, lien or rght under or by virtus oi this mo::gsge; and in tM event ta~d MORiGAGORS shall tor any reason fail lo kecp the s~Id premises so ~ insured, o~ fail b deliver promptly a~y of said polities of inwrance to said MORTGAGEE, w fail promptly to pay futly any prc~nium thcrefo? or in any respect lail to pe?fwm, d~scharge, execute, effect, comp:ete, comply with snd abide by this cove~ant, or any par~ hereof, said MORTGAGEE may pl~ce u+d psy fw such insurance or any parf thereof without waiving w affec~ing any option, lien, equit;, w right under w by vi~tue of this Matgage, ~nd the full amount of cath and every such payment shall be immediatety due and payable and shall bear interest from the date thereo( until paid at ths rate ol nine per centum pet annum and to~ethe~ wi~h such interest shall be secured by the lien of this mortgage. 1. To permit, commit w sutfN no waste, impairment w deterioration oF said property or any part thereof. 5. To pay all and singula~ the costs, charges and ezpenses, including a rcasonable at~wney's fee and costs of abstracrs of title, incuned w pa~d at i any time by said MORTGAGfE, because w in the event of the fa~lure on the part of ~he said MORTGAGOR to duly, promptly and f~lly perform, d~scharge, ; execute, efiect, complete, comply w~th and ab~de by exh and every Ihe stipulations, agreementi, condirions, and covenants of sa~d pramissory note and lhis ; mwtgage any a eithe~, and sa;d costs, eharges and expenses, each and every, shall be immed~ately dve and payable; whether w not there be notice dr ! mand, attcmp~ to coltett or suit pend~ng; and the (ull amount of each and every such payment shall bea. interes~ from the date thereof until paid at the i raee of n~ne pe~ centum per annum; and all said costs, charges and expenses incurred w pa~d, together w~th such interest, shall be secured hy the lien of thii ' mort9age. ~ b. That (a) in the event of a~y b:each of this Mortgage or default on the part of the MORTGAGOR, o~ (b) in the event any of sa~d sumt of money hatin ~eferred to be no1 promptly and (utly paid within th~rty (30) days neat after ~he same severaily become due and payable, without demand or notite, or (c) in the event each and eve?y ~he stipu!ations, agreements, cenditions and covenants of sa:d promiswry ~ote and th~s mortgage any or e+ther •re not ~uly, promptly and futly perfornxd, d~scharged, e:ecuted, affected, comp{eted, compl~ed with and abided `ay, then in e~ther or any such event Ihe said ag gregate sum ment~oned in sa~d p?omissory ncte then remaining unpa~d, with interes~ atcrued, and atl moneys secured hereby, shall become due and pay- able forthwith, or thereafte~, at the option of said MORTGAGEE, as fully ard completely as if all of the said s~ms of money were o~ginatly ttiputated to be paid on such day, anything in sa;d promisswy note or in this Mortgage to the contrary notwithstandi~y; and thereupon or thereafte~ st the option of sa~d AM1ORTGAGEE, w~Thout nof~ce or demand, suit at law or in equ~ty, ~herefore or thereafur begun, may be prosecuted as if a~l moneys secured lxreby had matured pnor to ~ts insutution. ~ 7. That in the event thaf at the beginning of or at any time pending any suit upon thia Mortgage, w to foreclose it, or to reform it, o? to enforte payment of any claims hereunder, said MORTGAGEE shall apply to the Court having ju~isd~ction thereof for the appointment of a Receiver, such Court shatl forthwith appoint a receiver of said matgaged prooerty all and singular, inclvd~ng all and singular the income, profits, issues and revenves irom whatever so~rce derived, each and every of wh:ch, it be~ng expressly understood, is Fereby mor~gaged as if speuf~calty set forth and described in the granting and habendum clauses hereoi, and such Receiver shall have sll the broad and effective funct~o~s and powers in anywise entrusted by a Cou~1 to a Receiver, and such appointmenr shall be made by such Court as an admitted equity and a ma?ter of absolute right to said MORTGAGEE, and withouf retere~ce to the adeqvaty w inadequacy of the value of the property matgaged or to the solvency or insolvency oi said MORTGAGOR w the deFendants, and that such ~ rrnts, profits, income, issues and revenues shall be applied by such Receiver according to the lien or equity of said MORTGAGEE and the pradice of such Court. 8. To duly, p?omptly and fully pe~fo?m, dixharge, execute, effect, complete, comply with and abide by each and every the stipulations, agrcements, conditiona and covenan:s in said prom~sswy note and this mortgage set fwth. 9. That in the event the ownership of !he mortgaged premises, or any part thereof, becomes vested in a person other than the MORTGAGOR, the MORTGAGEE, its successorn and aasigns, may, wi?houl notice to the MORTGAOR, deal with such successa or successor in inte?ett with reference to this mor7gage and the dc~bt hereby secured in the same manner as with Mortgagor withoul in any way vitiating or diuharging the Nbrtgagon' liability hert under u upon the debt hereby sec~red. No sale of the prem~ses hereby mortgsged and no forbearance on the part of the MORTGAGEE w its successors or assigns and no ex~ers~on of the time fw the payment of the debt hereby set~red given by the MORTGAGEE or its successws w assigns, ahall operate lo release, discharge, modify thange or affett the original liability of the MORTGAGOR herein, either in whole or i~ part. 10- It is spec~iically agreed that t~me is of the esser.ce of this contrad and that no waiver of any obligation hereunder or of the obligation st cured hereby shall at any time thereafter be held to be a waiver of the terms hereof w oi the ir.strument secured herby. 11. In add:t:o~ to the forego'ng monthly payments of princ'pal and interest required by the promissory note secured hereby, mortgagor covenams ' and agrees to pay to mo:tgagee with each monthly payment an add~cional sum est~mated by mor~gagee to be equal to 1/12 of the annual cost of the follow- } ing: A-All real property taxes lev~ed or assessed against the above described real esrate. ! B-Prem~u~ns on fire and windstorm insurar.ce as herein requ:red to be carried on tha improveme~ts s~tuate on the above descrilied premises. ! ~ C-Premiums on such mertgage guaranty irtsurance as moctgagee shall fiom t.me to time deem fit to carry on the loan secured hereby. Nbrtgagee sha!i frcm time to t~me notify mortgagor in writing of the amount due artd payable hereunder and such sum shall thereupon be due and ~ Fayable an the due date of ~he next month:y payment and each successive month thereafter ur,til mortgagee shall notify mortgagor of a change in such j amount. Suth sums sFa;l be applied by mortgagee toward the payment of real property taxes, insurance prem:ums, and mortgage guaranty insurance : premiums. # IN 1NITNE~i Y~HEREOF, the said MORTGAGOR has hereunto xt his hard and seal the day and year first aforesaid. ` t , J Sig~ Sesled and de rvered ' the'presence of: • ~ ~ ? aq ~ 7 0.i C-..`~ ~an STATE Of FLORIDA ~ ~ COUNTY OF St • LUCle ~ Befae me personally appeared Lloyd Glinton and ~a Lee Glinton, his wiie ~ ,~,d ~ Franklin A. ~[aYZ~s and Valezie f{dlZ~S, his wife, to me well known and known to me to bs ~ the individuals described in and who executed the for ang instrument, and acknowledged before me that they executed the same fw the purpose~ ~ rherein exp~esud. And the said ~a Lee Gl~nton, w~! Of tZIB said Lloyd Glinto~, dl'1d ~ ~rrttef•~hs~,kl• Va1~iQ V. Hart ~i~`Q Qf th~ said Rrs~nlclin A~ H~==3s upon a sep~rare ~nd priv~te examinatwn by me taken sep~?ate and apart fromYher said husbsnd> stknowtedged ro and befwe me that'~!u~,executed said instrurtxnt .freely and volun- ~ rariiy and w~thout sny compulsion, const~aint, apprehens~on, w tear of w fromfie~ said h~sband~~ 3 WITNE55 my F~and and official seal thii day of ~~ber A. D. 19~_ 3 FI~EO AND RECORD ST. LU C I E C O U NT • µ~ary for the tate of f{orida at luye j ~ c(~ O G'"? ~ R! F i E(? My ission expires: ~ G, /7~ i Return To: ~Q~~A Q ' ~ f ~ V 'ZC7 ~ firit fedenl Savings 8 loan Association ,.~:1's?~:+•. ~ Of Fort P~erce. f^^ ~r~ Q Q• ~r''',; State of R~r,da Dt Vf9! ~ . Fort Pierce. Fbrida dy 1. V 7~~~ ` ~ G. b`. ::.?;:tti{1 ~7(~it2S A~~. 6 ~9n .y.~. ~ - BuMd !'I NM~!~ i~Q ~S ~ ~`41 ~ G' ' - ~'p~t:~~~,', Lp~TRtc~"' , ~F _ ~ ° This Instrument Prepared By JQhSF3K.Ctf~lllll6~~~~T Z U:` ~ First Federal Savings 8~ Loan Association ~ ~o . ; : ~ ' of Fort Pierce~ Flozida " ~ . ~ ' ~ ~i,,••..~~,.•• { Checked By _ _ ~ ~ ~ ~ ~ ~ - BOOK181 PAGE14~1 t= ~ _ _ - - - _ _ _ _ ~ . ~_zti