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Home My WebLink About0145 3. To ptace end cont~nuously keep on the bui!dings now a hereaffe? irtuate on said Iand and on aU equ~pment and personaily covered by this monq~ sge, w~th all prem~ums th~veon pa~d in fuil, flre insurance in tne vsual standard poGty form, in a sum approved by the I~iOR~GAGEE, and w~:~ds?orm insurance in the vwal standard pol cy (o~m, in a sum approved by the MOR7GAGEE, irt such ca»pany or compan:U as ~hr ldORiGAGEE may dira?; and all fire and w~nds~orm insurartce poficies on any oi sa~d build~ngs, any iMerest ~herein or parl th~reof, in ~he aggrega~e ium aforesaid w In e:cess thereof, shatt con;ain 1he usual itandard mortgagee clause or such o~her clause as the Mor~gagre may requ~re, making th~•~ loss undr? sa~d pol~ cief, esch and every, payab'e ro said hSJRTGAGEE es ~~s interrst may appear, and each and every s~ch po~~cy sholl be proirptly assg~,ed and de~ive~ed +o ~oy held by said h10RIGAGEE as fur~her security to said mortgage deb~, and, nol less than ten (10) days in ad~ance o( the expi~aYon of each poGcy, to dr live~ 1o said MORiGAGEE a renewaf ~hereoF, toge~har with a receipe for the premium o! such renewa!; and thrre shall be no i~re oi w~~.dsto~~n insurance pfa'ted on any of said build~ngs, any interest therc~n or part thereof, unless in the form and with the loss payable as aforesald; and in the event any aum of money becomes payabte undrr such policy a poGcias said MORTGAGEE shall have the op~ion to rcteive and app:y rhe same on accowv of fbe ~~~debted- ness secured hereby or ro permif ~a~d MORTGAGORS ro receive and use it w any pa~t fAe:eoS tor ofi~•_r p~r;.osrs, .~.:i1~~;,,t tn:•~~r w~~.i y cr uup,.ir- ing any equity, lien or right under or by virtue of this mo:'gage; and in Ihe eveM sa;d MORTGAGORS shall fo~ any reason fail to kcep ~he sa~d pre~n ies~e--- insured, or fail to deliver promptty any of said polic~es of insurance to aa+d MORTGAGFE, oi fa~l promptly to pay fu~ly any pre~»i~m iherefo~-or in a~y respect fail to pe~form, discharge, execure, effett, comp!ete, comply wi~h and abide by this covenant, w any parl hrreo(, said MORIGAGEE may piace and pay io? such in~urance or any parl thereof without waiving or afFecting any option, iien, equ~ty, or riqht undzr or by v+rtue of this Mortgage, and thc 1 full amount of each and eve~y such paymrnt shalt be immed~ately due and payable and shall bea~ imerest irom tho date thereot umil pa~d at the rate of ~ nine pet centum per anny:n and to~_•ther with suth interest shail be sc'tured by the liln Oi thi~ mortgage. ~ 1. To permit, tom~nit q sufFer no waste, impairment or dete~~oration of said prope~ty or any part therev~f. S. To pay all and s~ngulsr the costs, charges and expeoses, ~nctu3ing a reasooabte arrorney's fee and costs of abst.aus of tnle, incuned o. pa~d at any time by said MORIGAG'E, because or in the evenl of the failure oo ihe part of the said MORiGAGOR to duty, promptiy and (utly perform, d~scharge. execute, efiec~, cwnptete, comply w~th and ab;de by each and every the etipulanons, agreemems, tonditiwu, and covenants of sa~d pro+nissory note and th~s mwtgage any or e~~her, and sa:d costs, charges and expenses, each and every, shall be immediately due and payaWe; whether or not there be not~ce d~ mand, attempt to coliect or suii pend~ng; and the full amo~N of each and every such payment shatl bear intcrest from Ihe d~te thereof until paid st the ~ate of oine ~:er cemum pa~ a~~nu:n; and all said costs, charg~, and exprnses incurred or paid, togerhe~ weh such inte~rst, shal! be secured by the 11eo of th~s mwtgsge. 6. That (a) in the event of any breach of this Mortgage or defaul~ on tF~ part of the MORTGAGOR, or (b) in the event any oF sa:d sums of money herein rcferred to be not promptiy and iully paid within thi~ty (301 days nex! after the same severa:ty become due and payable, w;~hout demund or noTice, or (c) in the event each and every the sfipu~ations, agreements, condrtions and covenants of sa.d promisso~y oote and ~h~s mortgage any or either are not ~u1y, promptly and iu1!y performed, d.scharged, executed, effected, compEeted, compl~ed with and ab~ded 5y, then in e~~her w any s~ch eve~t ihe sa~d ag g~ Sucn mBnliOnQ~ io ;a~d romissory note fhen remainin4 unpa~d, with intere;t accrued, and atl moneys securca! hereby, shatt become due and pay- able forthwith, or there.ft~r, at the option o sai , as ~ y a S-i4-e#1-of- to be pa~d o~ such d;.y, anyfhing in sa:d promissory note or in this Ma.tgage to the co~rrary norwirhstand+ng; and ~here~pon or th.re~ffer a~ the opnon of srid b10RTGAGEE, without nor~ce or demand, suit at law or in equity, therefore w thereaiter begun, may be prosetuted as if all moneys secured hereby had matured pnor to as ins~~t~non. 7. That in the event thaf at the begin~ing of w at any time pending any suit upon this Mortgage, or to Foreclose it, or to reform ir, o~ to enforce payment of any c)a;ms hereur:der, said NIORTGAGfE shall apply to the Court having jurisd+ct~on thereof fo~ the apHO~ntment of a Receiver, such Court shail forthwi~h appo~nt a receiver of said mortgaged prooerty all and singutar, in~lud,ng atl and singular the ir.come, p~of~ts, issues an~ reve,~ucs lrom whatever source derived, each and every of wh~ch, it being e:pressly unde~s~ood, is hereby mortgaged as ~f speuficalty set forth and described in the graroing and habendum cla~ses hereof, and such Receiver shall have all the broad and eifective funct.ons and powers in anyw~se entrusted by a Co~~t to a Receiver, and such appointmen~ shall be made by such Co~rt as an admitted equity and a matter of absaiute right to said l.tORTGAGEE, and wit?~out ~eference to the adequacy w inadeq~acy of the value of the property mo~tga9ed or to the so~vency or insotvency of sa~d MORtvAGOR a the defe~,dants, and tha~ such reros, prn(its, income, iss~es and revenues ahalf be apptied by such Receiver accord~ng to the lien w rquity of said MORiGAGEE a~d ~he prattice o( such CouA. 8. To dvly, psomptly and fully perform, discharge, execute, effett, complete, comply with and abide by each and every the stipulations, agreements, conditions and covenants ~n sa~d promisswy note and this mortgage set forth. 9. That in the eve~t the ownership of the mortgaged prem~ses, or any part thereof, becomes vested in a perwn other than the N10RTGAGOR, the MORTGAGEE, irs successors and ass+gns, may, without notice to the htiORTGAOR, deal with such successa or successor ;n ;~terest with refe~ence to th~s mortgage and the debt heceby s>curg~_ in the same mar.~er as with h5o~tgagor without in any way vitiating or d~scharging the Pdortga~ors' liabiiity here- under w upon the debt he~eby secvred. No sate of the Fremises hereby mortgaged and no forbearante on Ihe pan of the 1hC1R1GAGEE or its wccessors er assi9ns and np exrens~on of the time for the paymem of the dets hereby secured give~ by the ~hORTGAGEf or iu successws or ass:gns, a~~all operate to release, d~scha:ge, mod~fy change or af(ed the origmal ~iab~Gty of the MORiGAGOR herein, either in whole o: in part. 10. It is spec~fi:alfy agreed that time is of the essen:e of th~s tontract and that no waivtr of any ob7~gat~on hereunder or of the obligation se- cwed hereby shab at any Gme thereafter be he:d to be a waiver of the terms hereof or of the instrumeM secured herby, ' 11. In ;dd.+ o~ to r~~e forege „g month!y paym~ms of pnnc paI and inrerest requ~red by the prom:ssory no!e sec~rzd hcreb~, mortgagor covenants and ag~ees to pay to ~t:orrgagee v~~th eacfi monthiy par~.ient an add~rional sum est~~,.ated by morrgagee to be eq~al to i, 12 of the annual cost of the foNow- A-AII ctai ~ropen~ tax~s levie3 or assess~d agai~st thc above described real estate. B-Pr:~,,,u~r.s on fire and windztorm ~nsurar.ce as heret~ requ:red to be carried on the improveme~ts s~tuate on the above d~scr~bed premises. C-Pre:r~u~•.s on svch mort~:,ge guaranty ir.sura..ce as mortgagee shail fro.T t"me to time deem fif to ca~ry on the loan secured hereby. Mortgagee s^_'! r-cm t~~ne ro time noti(y mortgagor in writirq of ihe a:-ouvt due and payable hereundar and suchsu~n shall thercupon be due and Fayable on th~ due oate of the next monthiy payment and each successive month thereafter ur:til mcrtgagee shall notify mortgagor o( a change in svch amounf. S~ch sums sF a'I ue applied by mortgagee toward the payment of real property tazes, insurance prem:ums, a~~d mortgage gua~anty insurance p~emi~ms. !N WITr~E;S Y;~!ER~Of, the sa~d MORTGAGOR has hereunto set his hand and seal the day and year " st atoresaid. Signed Sealed and tivered in the presence of: - al) (Seal) (Seal) ~ l5eal) ~.../5TA1E OP FLORIDA ~ ST. L[JCIE couNrY oF ~ Before me personally appeared William Carl 6etts~ a sinate aduit ' to me welt known and known to me to be the individual/ described in and who execufed tbe foregoing instrument, and acknowtedged before me that Jhe1 executed the same fa the purposes therein expressed_ ~~(X ?Q~Oi~C~E'7[7R4~C I~lb~7~Fl~X~7~C ~ WIiNESS my hand and official seal this day of Januar A. D. 19~Q - ~ G~L ~q ~ C ~/1! ' Notary Public in and fw the Siate of Florida at targe ' My Commission expires: Return To: ~~~~~~~~~u~:r•• , NDi'..t. ' First Federal Savings b loan Association N~~~~C, STAiE pF ~OR~~ ~T ? Oi Fo.t P~erce. .:``F' ;Z'...',,• ~ C~Rplpm fHRU ~RESa EP7: 23, 19 • 73 Fort Pierce, Florida . ? F1LED AND RECORDEO - ~ - ^ST. LU~cnE COU~TF,~~DLA- This Instrument Prepared By John W. Co21 ` ' N.,; f Firsi Federai Savings 8~ loan Associaiion • , 1~ ~~~7~ of Fort Pierce , Florida ~i ~ • - 5 ~ ~ ~ • 2 ' 5 ''~~,:,ns~eu~`•' • ~ ` ~~'70 JAN Checked By ~ ~ ~ aQ~K~v~+ PAGE CLERK,CtRCUIj COURT " ' , 3 " _ _ ~ ~ C _ . . ~.._.,.~4...r~'~i