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Home My WebLink About2632 3. To place and continuou~ly keep a+ ~h~ buildings r?ow w Mr~aft~? Wtuat~ on ~aid land a~d on +11 equipme~t and p~rsonally cov~red by thii mort9- e~, with ~II premiums lhereon paid in full, fire insurance in ths ~sual standa~d polity fwm, in a tum approved by the MOkTGAGEE, and windtlam iniwanc~ in ths vswl standard pol;cy ~wm, in • sum approved by the MORTGAGEE, in such company w canpa~~es as tM MORTGAGEE m+y dinc~t ~nd all fi~e ~nd w~ndatorm insursnc~ policias on ~ny of sa~d twild~nys. +~y in~er~st the?ein w part thereof, in the aygreyar~ ium ata~said w ~ ln ~xceu thereof. sMll contain the usual itandard mor~gsge~ cl~u~ a such otha claus~ as ~M Matyapee mey requ~re, makinp ~he loss uncl~x sa~d poti~ j cies, e+ch ~nd every. payable ro said MORTGAGEE a~ iti intcrest may ~ppear, ~nd sach ~nd eve.y iuch pot~cy sMll ba prompNy au:9ned and delive~ed ro ~ •ny held by said MORTGAGEE as furthe~ iecurity to said mortpaqs debt, and, not leu tMn ~en (10) days in advance of tha expiration of cach policy, to d~- liv~r to uid MORTGAGEE a renewal thereof, ttgeiF»r with a reteipt fw the premivm of fuch renewal; and there thall be no fire or windstorm insurancs placed on any oi said buildings, any intareit thertin or part 1M~eof, unleu in the fwm and with tM lois paYable as aforeu~d; a~+d in tF~ ewnt any ~um ' of mo~ey becomes payabte u+~der such poliq w policies said MORTGAGEE ~hall have ?he option ~o reccive and apply ~he same on accouM of the indebted- i neu iecured heraby o~ ro permi~ uid MORTGAGORS to receive and us~ it a sny part thereof 1w other purpcses, w~~hout ih:~eb~ wai~7ng or ~mpair- ~ irq any puity, lie~ w ~ight unde~ a by virtw of this mors~ag~; ~nd in tM event iaid MORTGAGORS shall fw any reawn fail to keep the said premises so ~ insured, w(ail b deliver promptly any of said poiicies of inswance to s~id MORTGAGEE, ot fail promptly to paY tully any premium thcrefo? w in a~y respect fail ro perfwm, d~scharge, execute, efiect, complets, compty wi~h snd atrid~ by th+s covenant, a anY Rirt hereof, said MORTGAGEE may p1~ce ar+d pay fw :uch insurants or any put thereof without waivinp w ~ffettinp ~ny option, lien, equity, or rigM under o~ by virtue of this Mwt9+9e, and tht full amount ot esch ~nd every suth paymenl ahall be im~nediately dw and payabb ~nd shall bear interest from ths date thereof un?il paid al th~ raq ol nine pe~ centvm per annum and togeti?er with such interest shall be secured by the lien of this mortysge. 1. To p~rmit, commit w suffa no waste, impairme~t w deteriwation of said prope:ty or any parf thereof. - S. To psy all and singulu the costs, charpes and expensa, includirg • reaw~able ~ttaney'f fee and costs of abs~ractt of tiNe, i~curred or paid at any time by said MORTGAGEE, t~csuse w In the event of the failure on 1he p+N of ~hs iaid MORTGAGOR to duly, promptly and futly perform, diuhar9~, exaute, effect, complet~, comply with and ab~de by each and every the stipula?ions, agreements, cond~tions, and covenanb of taid p~omisso?y note and this matgage any or ei~her. and saEd costs. charges and expenxs, exh and every, shall b~ immediately due and payable: whether a not tFKre be notice de~ mand, attempt to collec~ or suit pending; and the fu11 amount of each and every such payment shall bea? imeres~ from the da~e thereof until paid at tht rate of nine per centum p~ ~mwm; and a!I said costs, chuges and expenses incurred or paid, together with such intertat, shall b~ stcured by the lien of thu mwtysge. _ a. Tha1 (a) in the event of any breach of thi~ Mortyage o? default on the psrt of the MORTGAGOR, a(b) in the event any of ssid wms of ~wney herein referred to be not promptly and fully paid within thirty (30) days ~ext after the same seve?ally betome due and payable, wi~hout demand a notice, or (c) in the evcm eatfi and avtry the stipulatiau, agreemems, conditions and coven~~ts of w~d promissory noro and th~s mortgaye any a eiiher are no1 ~uly, promprly and fully performed, d~scharged, eaecuted, effc~cted, completed, complied with and abided by, then in either w any such ~vent tM said sg gregate sum mentional in said promissory note ti~en remaining unpaid, with inte~est acuued, and all mo~eys secured hacby, ~hall become dw ~nd pay- able fathwith, or thereafter, at the option of said MORTGAGEE, as fully and completely as if a~l of the w~d svms of money were wiginally stipulated to be pa~d on such day, anything in said promiuory note or in this Mortgage to tlx contr~ry notwithstanding; and lhereupon or tlxreafter at the op~~on of said MORTGAGEE, wi~hout notice a demand, wit at law w in equity, therefore w thereaher begvn, may be prosecuted as if al) rt~oneys secured hereby had maturtd pnw to its institution. 7. That in the event that at the beginnirg of or at any time pending any suit upon this Matgage, d to fweclose it, or to refo~m it, or to e~fwp payment of any claims herevnder, said MORTGACaEE shall apply to the Court having jurisdiaion thereol for 1he eppo~ntmcnt of • Reteive~, such Court shall Fwthwith appoint a receiver of said mwtgayed property all and singular, intlud~ng atl and singular the income, pro(its, issves and revenues from whetever wurce derived, each and every of which, it being expressly understood, is hereby mu~gaged as if spedfically set forlh and dewibed in the pranting and habendum clauses hereof, snd such Receiver shatl have all the broad and effeaive funct~ons and powers in anywise entrustcd by a Covrt lo a Receiver, and such appointment shall be made by svch Court as an admitted equity and a matter of absolute right to said MORTGAGEE, and without reference to the adequsty or inadequacy of the vsl~e oi the property mortgsged or to the sorventy or insolvency of said MORTGAGOR or the defendants, and that such re~rs, profin, income, iu~es and revenues shail be applied by such Receive~ accwding to the Iien or equity of said MORTGAGEE and the practice of such CouA. 8. To duly, promptly and fully pe?fwm, discharge, execvte, effect, complete, comply with a~d abide by each and every the stipulaYrons, agreemenft, conditionti and covenants in sa~d pran"~ssory nots and th~s mortgage set forth. 9. That in the event the ownership of the mortgaged premises, or any part thereof, becomes vested in s person otlxr than the MORTGAGOR, th~ MORTGAGEE, its succeuws and auigns, may, without notice to the MORTGAOR, deal with such succcsso? or successor in irterest with reference to thia mwtgsge and the debt hereby secvred in the same manner as with Mortgago~ w~thout in any way vitiating w d~scharg~rsg the Mortgagors' liability herr under or upa+ the debt hereby secured. No tale of the premixs hereby mortgaged and oo fwbearance on the pa~t o( the MORTGAGEE w iu successon o: aug~s and no exrension of the time fw the paymem of the debt hereby secured ~iven by the MORTGAGE~ or its successors or suigns, shall operaU to releax, discharge, modify change or affect the o~iginal liability of the MORTGAGOR herein, either in whole w i~ pa?t. 10. h is specificatly agreed that tin+e is of the esxnce of this contract and that no wsiver of any obligstion hereundcr a of the obliyation se- ~ cured hereby shali at any time thereafter be hetd to be a waiver of the terms hereot or of the instrurtxM setvred herby. j Il. In add~tion to the fwego:ng monthly payments of princ'pal and interest required by ihe p~wn~ssory rate secured hereby, mortgagor covenants and agrees to pay to mortgagee with each monfhly payment an add~rionsl sum est~mated by mortgagee to be equal to 1/12 of the annual cost of the folbw- ~ 1 ~~y. ~ A-All real property taxes kvied or sssessed against the above dewibed real estate. } B-Premiums on fire and windstorm insurance as here~n requ:red to be carried on the improvements sitvate on the above desuibed premisd. C-Premiums on such mortgage guaranty insurance as mortgagee shall from time to time deem fit to carry on the ban setured hereby. ` Mortgagee shall from time to time noti(y mortgagor in writing of the amount due and payable hereunder and such sum shall thereupon be due and ~ Fayable on the due date of the next monthty payment and each successive month thereafter urtil mortgagee shall notify mortgagor of a change in such amount. Such sums sF.all be applied by mortgagee toward tFx payrt+ent of real property taxes, insvrance prem:ums, and mortgage guaranfy insur~nce s ~ premiums. IN WITNESS WHEREOF, the uid MORTGAGOR hss hereunto set his hand and seal the day a year fint aforessid. ~ 3 a d`~'"~"~'"'t1° °f: FlLEO AND RECORDED ~ ~ - =,T, LUCIE C?~U~lTY. FL ' ~ * - ~ ` ^'1~`7541 0 fG~ rr'~ • ~ ~ STATE OF FLOltIDA - ~ 1 f i ( courm oF ~t • I-U?cie ~ - Befwe me penonally appea~ed ~OIqQ B L.1~~Qyk ~'Jt~ ~:ai and Dolores M. Lindbo~ ~~FR~ ~~~~:JlT COURT his wife, to me well known snd known ~o ~ w b. ~ the ind"+vidwls dexribed in and who executed the foregoirg insirwne~t, and acknowledped before me thst they executed the same for the pwposes ~ r~«~~ exa~~d= ,4„d tt,~ ,,;a Dolores M Lindbom wife of tAe said ~OZQ@ B. Lindbon separate arkl privat~ ~ examinatwn by me taken separate and apsrt from her said husband, atknowledged to and before me that she executed said irotrument freely and volun- ~ rarily and without any compulsion, constraint, epprehensiay or fear of or from her bsnd. WITNESS my Mnd snd official seal this ~ y D~ day of A. D. 19~ ~ ;n~ Notsry P~ ~c in ~nd fw the State of Fbrida at l~rps My iuion expires: ~ I_~i~ ~ Return Ta " , ~ 1 ~ Firtt Feder~l Savirsys 3 loan Association . . . : : ~ . i , , ~ Of Fo?t Pierce. j - . _ . . yt ~ Fort Pierce, Fiorida . i~ tL~~l ;:ss~o~ Expres k;,g. 6, ~9~~ ~ - ~~w ~ e+~¦ fr~ ~ 4~se~ _tiw r~ `r ! ~ - - L•• ' ~ This Instrument Prepared By John W. Collins- ~l First Federal Savings ~ Loan Association y - ~ of Fort Pierce, Florida ~ p;• ~ ~ ~ . , ` . ~ Checked By • ~ c ~ ~ 800K pA~~~r ~ ~f ( ~ ~ € ~ - ~ : - ~~c eW _w _ , . . . - ` ~ . _ . .I