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Home My WebLink About1411 ~ 3. To p~ace and continvou~ly kcep on the buildings now w hereafte~ situatt on said tand and on all equ7pment end personally covered by thi~ morty- ape, with all premiumt thereoo pa~d in tuil. fire iniurance in the usual i~andard poiicy form, in a sum approved by tha MORiGAGEE, and wi~ditorm insur~nce in the usual ~~anderd pol~cy fam, in a sum app~oved by tht MORTGAGEE, in such compsny or compan~es as the MORTGAGEE may direc~; +nd all fiie and w~ndstorm insursnce po~icies a+ +~y of iaid build~ngs, any inlere~l therei~ or part thereof, in the a9grega?e sum ~fwesaid o~ In exceu thereoi, shall contain the usual standard mwtgagee dause o~ such o~her clause ai the Matgagce may requ~ro, making ~he loss un~ said pol~ cies, each and every, payable to sa~d MORTGAGfE as its inlerest may appear, and escA and every ~uch poticy shall be promptly a~s.gned and detivered ~o ~ny held by said MORiGAGEE as further seturity eo said mortgage debt, and, not less tMn te~ (10) dayi in advance of the expirotion of eech policy, to da liver to iaid MORTGAGEE a renewal thereof, togethsr wiih a rece~pt tor tF~e premium of s~ch renewal; and there shall be no f~~e o? wi~~ditorm insurance plKed on any of said buildings, any interest therein w part lhereof, unless in Ihe {orm and wilh the loss payettc es sforesaid; a~+d i~ the event any ium oi money becomes payable under such poliq w policies said MORTGAGEE shall have ~he opt~on to receive and apply the same on acco~nt of the i~debted- neu setured hereby or ro permi~ taid MORiGAGORS to rrteive ~nd uu it w any part thereof for othcr purposes, w~thout th_.cb~ waivi~eg or nnpair- inp sny eqv~ty, lien or right under w by virtue of this mortgage; ~nd in the eve~t said MORTGAGORS ~hall fw any reason fail to krep the said p~emius w insurcd, w fail to delive~ promptly any of said polrcies of insurance to said MORTGAGEE, ot fail promptly to pay fulty any premium ?herefor w in a~y respect fai) to perfwm, dixharge, execute, effed, complete, comply wiih and abide by this covenant, w any part hrrcof, said MORTGAGEE msy pl~ce and i pay for such insurance or any part thereof without waiving o? affecti~p any option, lien, equ~ty, w riyh~ uruJer w by virtue of this Matgage, and the full smoum of each and every such payment shall be immcdi~tely dve and payable and shail bear interest from the date thereof umil paid at the ~ate ot nine per centum per annum and together with iuch interest shall be secured by the lien of this mwtgage. 1. To permit, commit or suffer no wasle, impairmeM or deteriorotion of said property w any pa?t thereof. 5. To pay all and singutsr the casts, charges a~d expenses, including a reasonable attwney's fee and costs oi abstracts of titte, incuned o? paid at any time by said MORTGAGfE, because or in the event of ~he faElure on the part of the said MORTGAGOR to duly, p.omptly and fufiy perform, d~scharge, execute, effect, compteie, comply w~th and ab~de by each and every ~he stipule~~ons, agreeme~ts, conditions, and cavenants of sa~d promissory note and ~his mortgage any or e~ther, and sa~d costs, charges and expenses, each and every, shall be immediately due and payable; whether or rot ehere be notice do- mand, attempt to colled or suit pend~ng; and the full amount of each and every such payment shall bear interest from ~he date thereof until paid at the rate o( nine per centum pe? annum; and all said costs, charges and expenses inturred or paid, together wnh such interest, shall be secured by the lien of thlf mortyage. Q That (a) in the event of a~y breach of this Mortgage or default on the part of the MORTGAGOR, or (b) in the event any of satd sums of money herein referred to be no~ prcmptly and fully paid within th~rty (30) days next afrer the same severally become due and payabte, w~~hout demand or notice. ~ or in the event each and evcry the stipulations, agreements, conditions and covenants of sa:d promiswry ~ofe and th~s mortgage any w e~ther are not ~u1y, promptly and futly perfwmed, dixharged, executed, effected, completed, complied with and ab~ded ~iy, then in either or any such event the said a¢ ~regate wm mentioned in said promisswy note then remaining unpaid, with interest accrued, and atl moneys secured hereby, shall become dve and pay- able fwthwith, a thereafter, at the opt~on of said MORTGAGEE, as fully and completely as ii all of fhe said sums of money were w~ginalty st~pulaud to be paid on such day, anything in said promissory note w in this Mortgage to the contrary ~otwithstanding; and thereupon w thereaiter at the option of said MORTGAGEE, wirhout norice or demand, suit at law w in equ~ty, therefwe or thereaiter begun, may be prosecuted as if aIl moneys secured hereby had matured pnw to its institution. 7. 7hat in tF+e event that at the beginning of or st any time pending ar+y suit upon this Mortgage, w to foreclose it. w to refwm it, or to e~force payment ot any ciaims hereunder, said MORTGAGEE shall apply to the Court hsving jurisdiction thereof for the appointment of a Receiver, such Court shall fathwith appoint a receiver of said mortgaged property all and singular, includ~ng alt and singular the income, prof~ts, issues and revenues trom whatever so~rce derived, each and every of which, it being expressly ~nderstood, is hereby mortgaged as if spec~(ically set forth and destribed in the granting and habendum clauses hereof, a~d such Receiver shall have a~l the iuoad and ef(ect~ve funct+ons and powers in anyw~se e~+trusted by a Court to a Receiver, and ~ such appointment shall be made by such Court as an admitted eqvity and s matte~ of absolute r~ght to said MORTGAGEE, and without reference to the ~ adequacy o~ inadequacy of the value of the property mwtgaged or to the soiverxy o~ insolvency of said MORTGAGOR o~ the defendants, and that such renrs, profits, incwne, issues and ~evenues shall be applied by such Receiver accord~ng to the lien w equity of said MORTGAGEE and the practice of such Court. ~ 8. To duly, promptly and fully perform, dixharge, execute, effect, complete, comply wifh and abide by each and every the slipulations, agreements, conditiorts a~d covenants ~n said promissory note and this mortgage set forth. 9. That in the event iF~e ownership of the mortgag t! premixs, w any part thereof, becomes vested in a perwn other than the MORTGAGOR, the MORTGAGEE, its successors and assigns, may, without notice lo the MORTGAOR, deal with such succeuw or successor in interest with refere~ce to this ~ mortgage and the debt hereby setured in the same manner as with Mortgagor without in any way vitiating a dixharging the Mortgagors' liability herr under a ~pon the debt hereby secured_ No sa~e of the premises hercby mortqaged and ~o forbearance on the pari of the MORIvAGEE or its successors p assigns and no eztension of the time iw the payment of the debt hereby secured given by the MORTGAGE'_ or its successws or auigns, shall operate to release, d~scharge, modify change w affect the original tiability of the MORTGAGOR herein, either in whole w in psrt_ 10. It is spec~fically agieed that time is of the essence of this contract and thas no waiver of any o6ligation hereunder or of the obligation se- i cvred hereby shafl at any time thereafter be held to be a waiver of the terms Fxreof or of the instr~ment secu~ed herby. ~ 11. In add:t~o~ to the forego:ng month~y payments of princ pal and interest required by the p~om;ssory no~e secured hereby, mortgagor covenants and agrees to pay to mortgagee with each monthly payinem an add~rional sum ess~mated by mortgagee to be equal to 1 j 12 oi the an~wal cost of the follow- ing: - A-All real property taxes levied w assessed against the above described real estate. B-Prem~u~ns on fire and windstorm insurance as herein requ~red to be carried on the improvements situate on the above desvibed premises. C-Premiums on such mortgage 9uaranty insurarce as mortgagee shal! from time to time deem fit to carry on Ihe loan secured hereby. 'I Mortgagee shail from time to time notify mortgagor in writing of the amoum due and payable hereundar and such sum shall thereupon be due and I payable on the due oate of the next monthty payment and each successive month thereafter urtil mwtqagee shall notify mortgagor of a change in such amount. Such sums shatl be applied by mwtgagee toward the payment of real property taxes, insurance prem.ums, a~~d mwtgage guaranty insurance premiums. IN WITNE ` HE~F, t said MOR AGOR has hereunto set his hard and seal the day snd year first aforesaid_ ' ned, a ~li in e . ~ • . . -_-tSe+D ' ~ ~r--±~~° . . 'ti ~ , T ' ~ ~-.,_it.L~ - f`-~ ; (s~+~'= ' . . ; : . : STATE OF FLORIDA ~ ~ ~ ~ ^ o - ; = ~ courmr oF ST . wc I E ~ - t Jaaes D. Revelle, a single adult:-~';.~ ~j" ' Before me personslly appeared - - . . ~ ~ ~ 7~j to me well kr?own s~ Ip ~(O~~ tix individwlj described in and who executed the foregoirg instrument, and acknowledged before me thst ~he~ executed the saMs~~l~p.ptArp,oses fixrein expressed. '~Of'~'~1°'~ e ~41Gifi~i~i Af~~ WITNESS my hard and offitis~ seal thi dsy of .Jarillal q_ p, ~q7O t ~ - Notary Pub ~c in and for the State of Flwida at lar9s My Commiuion e~cpires: Retum To: ' ;,JIftRY Fu3:.lV, ,'ii;~yc pF fLu::L~ Ai lAkof t Fint federel Savings 3 loan Associat~on Ml~ COM?dISSION EXPIRES NUY. '1,9~ 1911 Of Fort Pierce. ~OtlDE4 iMROU6N rR~D w. D~iOTtLMpA~. Fort Pierct, Florida FILEO AND RECORDEO ST. LUCIE COUNTY, FI~A. . . .~-~~?~~$nSE~ This Instrument Prepared By J. D. Chastain First Federal Savings 8 loan Association of Fort Pierce , Rlorida +7a ~h~ Z6 02 Checked By ~ ~ •R ~Y//~ BOOK ~8~ PAGE ~4Q9 . : ~ : ~ ~ ~ ~0:? P.:.S . _ . CL~rK ClRCU}T COURT ~ Qy ~ ~ ~ : - . . ~ -