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Home My WebLink About0147 3. To place and con~inuously keep on the bui:d~ngs ~ow o~ hereafte~ ~~~uats on sa~d land and on all equ~pment and personally covered by ihis mong- +gs, with all premium~ ~hereon pa:d ~n full, fire inwrance in the usual etandard po~~cy fo~m, in a su~n appro,red by ~hr MOR~GAG:E, and w~ndstorm insurance in Ihe usuat »andard pol:cy iorm, in a sum app~oved by ihe MORTGACafE, in such Co~»Adny or cornpanies as 1he MORIGAGEE may dirKt; and all (ire and w~ndstorm ins~rance policies on any of said buitd~ngs, any inlerest therein or part thereoi, in the aggregate ~um aforesaid or in excess Ihereof, shall contain th~ usual sta~:dard morigagee clauie or such o~her c(ause as the Mo~tgagee may ~equ~re, rt~akinq the loss unde~ sa~d poli- cie~, each and eve~y, pavab:e to said MORTGAGEE as its ~nterest may appear, and each a~d every euch po6cy afiall be promptty ass qned and de~ivered to eny held by sa~d MORiGAGEE as {ur~har security ro sa~d n;ortgage debt, and, no~ 4sa than ~en days in ad.-ance of fhe expirot~on of each poGcy, ~o dr tive~ ta said MORTGAGEf a renev~•af thereof, togeihea w+rh a~ece:p~ ta ~Ae premium ot such ~ene+ra~; and ~here sha11 be no i~re or w~nds~onn insurance plated on any of said b~ildings, any intereat therein or part ?hereol, unless in the (orm and with the Iosa paya6le as atore~aid; and in the event any s~m of money becomes payable under s~ch policy or poGciee seid MC~TGAGfE shatl have the opno~ ro receive a~~d apply the sarne on account of ~he indebted ness secured hereby or to perm]t sa~d MORTGAGORS to receive and use it or any part thr:eof ior o~inr por~~oses, v.~ihout th,n u~ w~i~~„~ r,:pa,r. ing any tquity, lien or r:gh1 under or by virtue of this mo:•gage; and in the evenl sa~d MORIGAGORS shall fo~ any reason fail to Reep the sa~d premisrs so insured, o~ fail to deliver p~ompdy any of said policies of insu~ante to said MORTGAGEE, or fail paomntly to pay lully any premivm theretor or in a~y reapect tail to perform, discharye, execute, effect, complete, comply wi~h and abide by th~s covenant, or any parf hrreof, said MORiGAGEE may place a~.~ pay for such insurance or any part thereof without waiving or a(fecting any option, lien, equity, or ri~hf unde~ or by virtue of this Mortgage, and tht full amount of each a~d e.e.y auch payment shall be im,nediately due and payable and shail bear interrst from the dare ~M:reof until pa~d st the rate o1 nine per cenr~m per annum and to~ether with such interest shali be secured by the lien of th~s mortgage. 1. To permil, commit a suffe~ no waste, impairment or deterioration of said property w any part fhereof. S. To pay alf and singufar the costs, charget and expe~ses, inctuding a reasonable arforney's fee and cosrs of abseraas of title, incu?red or paid at any time by said MORTGAGEE, because or in the event of the failure on the part of the said MORiGAGOR to d~fy, promptly and f~lly perform, d~scharge. l exccute, effett, comple~e, comply with and ab:de by each and every the stip~lations, a~reP~~ents, tonditions, and tovenants of said prornissory note and thi~ i rtrrrqage any or e~rher, and sa;d costs, charges and expenses, each and every, shall be immediately due and payable; whe?her or not there be notice de ~ mand, atte~npt to co:lect or suit pending; and the full amount of each and every such payment shall bea. interest irom the date lhereof until paid at the rate of ~inC pe~ Czn7~m p,;r annum; and aU said cosrs, charges and expenses incurred a paid, together w~th such interest, shall be secured by the lien of thif mwtgage. 6. Tha~ (a) in the event of any breach of Ihis Mortgage or default on tF~ part of the MORT~;AGOR, or (b) in ~he event any of sa:d sums of money herein referred to be not promptty and futly paid with~n th~rry (30) days next afre~ the same severally become due and payabte, withoui demand or no~ice, or (c) in tht evem each and every the slipulat~ons, agreeme~ts, conditions and covenants of sa d promissory note aod th:s mortgage ony or ei~her are not ~ufy, prompfly and ivlty per(ormed, d~scharged, executed, eifected, compteted, compl~ed with and ab~ded 5y, then in e~~her or any such event fhe sa~d ag gregate sum menrioned in sa;d pfomissory nefe then remaining unpa~d, with interest accrued, and a11 moneys secured hereby, shall become due and pay- ~ 7 as full and c le~ely as i( all of the said wms of rrwney were ongi~ally st~pulated to be pa~d on such day, anything in sa:d promiiswy note or in this Mortqage to ths convaiy notw;t stan ,ng; an t ereupon or rea r a - e ' said MORTGAGEE, without notice or demand, suit at law w in equity, therefore or thereaiter begun, may be prosecuted as if all moneys secured hereby had matured pnor to ~ts inst~tution. 7. That in the event that at the beginn~ng of or at any time pending any suit upon this Mortgage, oa ?o iaeclou it, or to reform it, or to enforce paymem of any claims hereunder, saed 6tORTGAGEE shall apply to the Court having jurisd,cnon thereof for the appolntment of a Receiver, such Court shall iorthwi~h appoint a~ece~ver of sa~d mortgaged prooerty all and singular, incl~d~ng all and s~ngular ~he income, profits, issues and revenues (rom whatever source de~ived, each and every of wh~ch, it being expressly understood, is hereby mortgaged as if spec~ficaUy set forth and dexr~bed in Ihe g~anting and habendum clauses hereof, and such Receive~ shall have all the broad and effective funct.ons and powers in anywise entrusted by a Cov~t to a Receiver, and such appointment shatl bc made by such Court as an adrnirted equity and a matrer of absolute r~ght to said MORTGAGEE, and without reference to the adequacy or inadeq~acy of the vatue of the property mortgaged or to ihe sotvency or ~nsoivency of said MORiGAGOR or the defendants, and that such rems, profits, income, issues and revenues shail be applied by such Receiver accord~ng the lien w equity of sai D ORTGAGEE and the practice of wch c`~"~. ~CORDE1A. 8. To duly, promptly and fully perform, d~scharge, execute, effect, complete, c~~QitM N1~(SaFh~a~d every the stipulations, agreemenis, tonditions and covenants ~n sa~d promissory note and th~s mortgage set fortF~. S-~~ rn`~~ R'F~FD 9. That in the event the ownership of the mortgaged premises, o~ any part there~~beC6~h ~ rson other than fhe MORTGAGOR, the MORTGAGEE, its successors and ass~gns, may, withour nofice to ~he MORTGAOR, deal with such s~c~s r •~ssor in interest wi~h reference to this mortgage and the debt hereby secured in the same manner as w~th Mo~tgagor w~thout in any wa~itiat~ng or d~c ~ng the Mortgagors' liability here~ u~der or upan rhe debr here~y secu~ed. (~!o sale oi the F~emises heieby mortgaged and no forbe~rane~ ~~c'q~r the 1110RTGAGEE or its svccessers or ass~gns and no exrens~on of the time tor the payment of the debt hereby secyr~~ giv~~~y the~M1O AG or it successws w ass~gns, a~iall operate to release, d~scharge, mod~iy change or affect the orig,nai fiau::~ty of the NtORiC~Of~~ re~n, either in w ' pa~t. 10. It is specificatly agreed that time is of the essence of this contracr and that no waiver ~~I' ation hereunder or of the obligation se- cu?ed hereby shall at any time thereaiter be he:d to be a~aiver of the tetms hereof w of t uvtr~m~~ ~e~; , n~ I 1. In add~t:o~ to ~he fwego:~tic~ month!y paym~nts of princ pal and inrerest requir6~tt~e i~~~Y"r~' secured hereby, mortgagor covenants and agrees ro pay to n:a Igagee v~ith cach mcnrhty payr, ent an add~rionat sum esr~n,are~ gagee to be equa! to 1' 12 of ~he ann~al tost of the follow- eng: . A-All real property taxes levied or assessed ag3i•~st ihe above desvibed r2a~ estate. B--Prt•~:~~ms on fire ar.d w~ndstorm insuracce as he~e~n req3:red to be carried on the improveme~ts sitvate on th~ above d~scribed premises. C-Premiums o? such mortgage guaramy ir.surar.ce as mortgagee shall from t~me ro time deem fit to tarty on the Ioan secured hereby. Mortgagec sh.,!! frcm t~~nc to t~me notify mortgagor in writ~ng of the amovnt d~e and payable hereunder and suth su~.~ shalt thereupon be due and payable on the d~e date of ehe next month:~r payment and each successive monrh the~eafter ur,tit mortgagee shall not~fy mortgagor of a change in such amou~r. Such sums sha'i be ap~I~ed b~ mortgagee toward rhe payment of rea! property taxes, insuiance prem:ums, a~id mortgage guaranty insurance premiums. , IN YlITPJESS VIHEREOf, the said MORTGAGQR has hereunto set his hand and seal the day and year first aforesaid. ` Signed, Sealed a defiv in the presence of: Witnesses as to the sig G7lf~A-~t~~- ~ .4 nature of Nelson E. Rolle . (Seaq J'*- Witnesses as to the sig ~~B~~~O is~an nature of Essie Mae Roile ~ ' (Seaq STATE Of F[ORIDA ~ ST . LUC IE couNrY oF 1 , . M , - Nelsoa E Rolle ~ Beiwe me personalty appeared . ' ~ _ j~i~' e, to me pe4~o~rc af~J ~Cnqwn fo me to be " the individua~j desaibed in and who executed the faegang ins~tru~meru~t, and acknowie~d$ed before me that ~he~ ixocufed the sai15~ tot the purposes therein expressed. ~(w~ ~0~7('~~(`~~Y ~ " K ` • • ^ t ~ ; . " ~ ~ 7~ _ ~ lJ~' ID~@Z' '~ii,~-'r~~••n...••' ~ WIT13E55 my hand and offiual xal thi da of ~ (j9 y a o. ~9 . ; .T - . Notary Pubtic in and for tl~e State of Fbrida at large My Comm~ss~on exp7res: STATE OF FiOP., . J1) W'{~~ STATE QF fL~JRIDA MY r: ~:f NlS~ION EXPI[ZES ~ j~3 ~ ~ G:.r;DED ~HRU FREO w,_,g , COUNTY Of ST LUCjE ` r' Before me perso~ally appeared Essie Mae Rolle = a,;;~g j,.~ ~ ' : , O~f~4~, to me well k~own and IpRqwn b?np~ td'be the individual~ described in and who executed the fwegoing instrument, and atknowledged before me that Sher executed ti~' ~rne io~ the pUrposes ~ therein expressed. ,~i .~OGX~ ~ r ~ - ]G~iQO~ - :-r ' WITNf55 my hand and oificiat seal thi n day A.' ~D. 14~_ This iastsuse,t psepased by 600K ~ PACE ~ _ ~ Notary Public in and for ~a Johl~ i11~ Gollins~ F1Zit FQd@Zal Sivi3igs aAd ~ My Commission expires: at lam Lqan _ e?sso_ a~r„~~ To: ~ ciatzon of Fozt Pierce, Flo:'3a ~ ~ ~•~~9~~ . c.~..?,:rw. ,....w?;~.~ - - ~ ' r . . , `