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Home My WebLink About2983 9. To plsc~ and continuou:iy keep on tM buiidinys now or hereafttr ~itwt~ on ~a~d land snd on aU equtpment ~r+d perwnaliy covered by thit mw~p~ sgs, with all premiums thereo~ paid in fuli, firs insurance in tFa usual uandard policy form, in ~ sum approvcd by the MORiGAGEE, and windsto~m ~~futiM~ in Ihe usuat s~anda~d pol~cy fam, in s sum approved by ~he MQRTGAGEE, in iuch company or compan;et as the MORTGAGfE rnay d~rectt u?d all fir~ snd w~ndaroam insu~ance policias on any of said build~ngs, any interest theroin or part thereof, in the aygrc9ate ium ~fwe~aid o~ in ~xcess Ihereof, shall contain the ~sual ttandard mortgagee clavie u such other clause as the Mwtyagee may reqvire, makinp the loss vnda ~aid poli~ ues, eac!? and every, payab!e ro said MORTGAGEE as its interast may appaar, and each and eve~y such policy shall be promptly au.gnrd and delivered to any heW by iaid MORTGAGEE as fur~her ~ecurity to uid mortgage debt, ~nd, not leu than ten (10) days in adva~xe of the expiration of each policy, to dr liver to iaid MORTGAGEE a renewal thrreof, toye~her with a receipt fw Ihe premium of tuch renewat; and there shatl be ~o f~re o~ winds~orm ins~rance placed on any of sa7d buildings, any interest therain w pa~t thereof, unless in tF+e form and with the ~oss payable as aforeuid; and in tM event ~ny tum of money becomes payable ~oder such potity or policies ssid MORTGAGEE ahall have the opt~oe~ Io recei~a and apply the same on accounl of ~he indebted- neu setured hereby w ro permit said MORTGAGORS to receivt and vse it p any pan thereof for o:ncr purpasrs, w~thout tAertb~ waivi~~g w nnpair- iny any puity, lien or right under w by v'utue of this mostgage; and in the event wid MORTGAGORS shall fo~ any reaso~ fail to keep the said p~emises w insured, or fail to delive? prompfly ~ny of said polKies of insurance 1o said MORTGAGEE, w tail promprly to pay fully any prem~um thereiw w in ~ny respett fai! 1o ptrfwm, discharge, execute, effett, complete, comply with and abide by this covenanl, a any pa~t hereof, said MORiGAGEE may place ~nd pay fa :uch insurance w any part thereof withoul waivin~ w aHedinp any option, lien, cquity, w riohf unde? or by virtue of this Ntortgaye, ~nd the futl amou~t ot ~ath and every such payment shall be immediately due and payabls and shall besr interest from the date tixreof u~til paid at tFk rat~ pl nine pet tentum per annum and together with suth interest shall be secured by Ihe lien of this mortgage. 4. To permit, commit or iuffer no wasta, impairmcnf or deteraration of taid property or any part thereof. 5. To pay all and singular the costs, chsrges ~nd expenaes, includin9 a reasonable attor~ey's fee and costs of absnacts of title, incurred or peid at a~y time by said MORTGAGEf, becauu or in the event of the fa;lure on the part of ~he said MORiGAGOR to duly, p~omptly and fully perform, d~unarge, execute, effect, complete, comply with and sb~de by each and every the stipulationa, sgreemenri, conditions, and mve~ants of said prom~ssory ~ote and this mortgage aoy or ei~her, and ia~d costs, charges and expenses, each and every, shaN be immediately due and payable; whethe? q not there be not~ce d~ mand, atfemp~ to collect w suit pending; and the full amount of each snd every such payment shall bea. interest from tTM date thereof until p~id at the rate of nine per centum per amwm; and all wid costs, charges and expenses incurred w paid, together w~th such interesL thall be secured by the lien of thi~ mwtyaye. b. ihst (a) in the evmt of sny breach of this Mortga~e or defauit on the part of the MORTGAGOR, w(b) in the event any of saSd s~ms of money herein referred 1o be ne1 promptly and fully paid within thirty (30) days next after ~he aame severally become due and payabte, wilFwwi demand O? ~ofiCt, or (c) in thr evcnt exh and every rht stipulations, agreements, cond~tions and covmants of said promissory note and th~s mortgage anr or eiiher are not } iuly, promptly and fully perfamed, d~xhsrged, executed, effeaed, temp~eted, canplied with and abided ~y, then in e~ther or any such event ths said aQ~ ~ gregate wm memioned in said promiuwy ~ote tF~en remaining unpaid, with interest accrued, and all moneys secwed hereby, shall become dve and pay- ~ able forthwith, or thereafter, at the option of said MORTGAGEE, as fulty and completely as if all of the said aums of mooey were orgirully st~pulated ! to be pald on such day, anything i~ sa~d promissory note w in this Mortgaye to the contrary notwithstanding; and ~hereupon p thereafter ~t the optian of faid MORTGAGfE, w+thovt norice or demand, svit af law or in equity, therefore a thereaiter begun, may be prosecWed as it all moneys secured hereby had matu~ed pr~or to its institution. _ - 7. That in the eve~t that at the beyinning of w at eny time pending sny svif upon this Mortgage, or ro fweclose it, or to reform it, w to enfwce payment of any claims hereunder, said INpRTGAGEE sha11 apply !o the Court having jurisdittion thereo( for the appointmem of a Receiver, such Court shall forthwith appoint a receiver of said mortgaged property all and singuls~, intlud~ng a!I and singular the incomr, pro(its, issues and revenues from whatever source derived, each and every of which, it being expreuty understood, is hereby marrgaged as if speci(ica!!y set forth and described in the grsming and habendum ctavses hereof, and such Receiver shall have all the broad and effective funcrions a~d powers in anyw~se entruated by a Court to a Receiver, and iuch appointment shall bp made by such Court as an admitted equity and a matter oi absotute right to said MORTGAGEE, and without reference to the adequacy or i~adequacy of the valve of fhe p~operry mwtgaged or to the sotvency or ~nsolvency of said MORTGAGOR w the defendents, and that auch renu, profits, irxane, iuues snd revenues sh~ll be applied by suth Receiver according to the lien or equity oi said MORTGAGEE ar~d the pratfice of such Court. 8. To dul 1 y, promptly and fulty perform, discharge, execute, effect, cqmplere,,comply wirh and abide by each and every the stipulatiorts, agreements, conditions and covenants in said promiuory note and this mortgage set fath. 9. That in the eveM fhe ownership of the mortgaged premises, or sny part thereof, txcomes vested in a person other than ihe 1NORTGAGOR, the MORTGAGEE, iri successon and auigns, may, without norice to the MORTGAOR, dea! with such suueswr a successor in ente~est with refenme to this mortgage and the debt hereby secured in the same manner ai with Mortgagor without .in any way vitiati~g w d~xhasging the Mongagors' liability herr under w upon tF~e debt hereby secured. No sale of the premixs hcreby mwtgaged and no forbea?ance on iFK part of the MORTGAGEE or its sutcessors or assigns ar+d ?+o extens;on of the time for' the psyment of the debt hereby secured given by the MORTGACEE or its succeuors or auigns, shall operate i to reiease, discharge, modify change or affecf the original liability of the MORiGAGOR herein, either in whole w in part. ~ 10. It is specifically agreed that time is of the esxnce of this contract and thal no waiver of any obligatio~ hereundet w of the obligatan st cured hereby shall at any time thereafter be held to be a waiver of the terms hereof or of tF?e irxtrument secured herby. 11. In add;tion to the fwego:ng monthly payments of princ pal and interest required by the promissory note secured hereby, mortgagor tovenants and agrees to pay to mortgagee with each monthly payment an addilional sum estimated by mortgagee to be equal to 1/12 of the annual cost of the follow- ing: A-All real property tazes levied or auessed against the above desccibed real estate. ' B-Premiums on fire and windstorm insurance as herain requ~red to be carried on the improveme~ts situate on the above described premises. C-Premiums on such mwtgage guaranty insurance as mortgagee shall from time to time deem fit to carry on the ban secured t~ereby. Nbrtgagee shall from time to time notify mortqagor in writing of fhz amovnt due and payabte hereu~de~ and such wm shall thereupon be due and payable on the due date of the next monthly payment and each successive month thereafter ur.til mortgagee shall ~otify morlgagw of a change in such amount. Such sums shall be applied by mortgagee toward the payment of real property taxes, insurance prem:ums, a~id mortgage guaranty insurance premiums. ' IN WITNESS WHEREOF, the said MORTGAGOR has hereunto set his hand and seal the day and year first aforesaid. S' aled nd iv 'n the p~ese~ce of: . ~ •4 - .n ` ~n STATE OF FLORIDA ~ couNnr oF ST . LUC IE 1 Befwe me penonally appeared W1I11331 F. BZ@11 Judy I. Ezell fiis wife, to me well known snd known to me to be rhe individwta described in and who executed the foregang instrument, and aclcnowledged before me thai they executed the same for the pvrpoaes fherein expressed. /ind the said_ 1uc~V I Etell wife of the said Williaa F EZell upon a sepsrate and private examination by me taken separate and apart from her said hvsband, adcnowledged to end befo~a me that she exetuted said instrument f.reely and votun- rarity and witho~;t any computsan, constroint, appreixnsion,_p~ fear of or from her said husband. WtTNESS my hand and officia! teal this ,l Z~ day of Februa?zy q, D. 19 7O • Notary P K in and !or the tate of Flwids ~t larye t Retum To: MY } ~uion expires: r~_ , / f ~ ~ _ ~ . z,,; . ~ Fint federal Savings b Loan Association tilttlti ~•i~:C, Stat2 of Florida ~t laf* Qf Fort Pierte. a~i~~ Z ~ A i~ r Co?n,~.i:uon E~p+r~ 6 1911 Fort Pierce. Fbrida ~~j ~a ~i~ ~ ~s~ ~a ~~y~ ~ ' ir E ~ ••~'~~1,' 3~. r., , S~r~ED q . : i~ ~ r': T, ~ NO ~ y.. ~ ~ ~ ~ _ UC~~ RE~ - a l: ~ ~ rsT Rp p ~ John W. Colli *4 J~'~~1,~ , o" ~U Y E This Instrument Prepar By ~ ~ - ~ _ _ ' . . FLQ First Federal Savings & Loan Association = f = ~''J ~ , o: ^ _ ~ O .,l D9F'~n of Fort Pierce , Florida p:; Q ~ c~~,~ , FE~ v '~l;~o••~ I ~ ~9~ ehecked sy s'i pM 2~ y l~~1dr~?~` S ~ r: i) - ="'~OL~/ u R s~ , eRK C~~~~Ur,-Tp«~ ~ - ~ BOOK~o2 Pti~E~u r e~~RT~ i . . ~ A~