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Home My WebLink About2985 ~ 3. To pi~c~ and continuoysly kNp on tM buildlnQs now o~ Mreatrer ~itwt~ on said tand and on all equipme~t and perton~lly covered by this matQ~ with ~11 premiwns therea? paid in full, fire insuranc~ in 11a usual standard policy form, in • ium ap{uoved by the MORYGAGEE, and windstwm iniurancs i~ tM ~swl ttandar~ poi~q fam, ln • sum approvad by the MORTGAGEE, i~ ivch company or companie~ a~ the MORTGAGEE may direttj and al! fi~~ snd winds?orm insur~nts pOI1CN~ on a~y of said bvild~n~s, ~ny in~erest Iherei~ or pa?t thcreof, in ~he aggrega~e sum afaesaid w In exccss Ihereof, ihall contain the ~iual ~tandard mortgage+ cl~use w ~uch o~her ctaus~ as 1M Mo+lQagee may requ~re, making Ihe loss under said poli~ tas. exh ~nd every, payabts ro said MOitTGAGEE as it~ intere~t may appsar, and each and every such policy sha~l be promptly ass:gned and de~ivered to ~ny heW by taid MORTGAGEE as fur~her security to said mongsge debt, and, no~ les~ than ten (10) dsys in advance of the expiration of each poiicy, lo de- tive~ to uid MORTGAGEE a renewal thereof, toyethK with a receipt fw the premivm of svch renewal; and there aha!! be no fi~e o~ winds~orm iniura~ce plated on any of said bui:dings, any intereit the~ein or part thereof, unleu in the farm and with ths lou payable as afwesaid; and in 1he event any sum of money becomes pay~ble under such poliq w policiea uid MORTGAGEE shall have ~he opt~on to receive and appty the ssme on account oi the indebted- neu secu~ed hsreby o~ to permit said MORTGAGORS ta receiv~ ~nd uss it a any pdrl ~hereof fa orher pu~poses, wi~hout th:reb~ waiv;~,g or ~~»pai.- inp any equity, lie~ w right under w by vi~tw of this morlg~pe; ~nd i~ the evcv+t w~d MORTGAGORS shall for any reason fail to keep the ia~d premius so ' insured, o~ fail fo deliver promptly a~y of ~aid policies of insurance to said MOQTGAGEE, or fai! promptly to pay Iully any p~emium therefor or in ~ny ~ ?espect fail ~o paform„ diuhuge, execufe, etfect, complete, comply with snd abide by this covenant, a any part hereof, said MORTGAGEE may place and = pay for auch inw~anc~ w any part therewf without waivirg w affeding any option, lien, equ~ty, w rtght vnde? w by virtue ot this Mwtgsqe, and the s full arrwuot of tach and every such paymMt ihal! bc immediately dvs and paysble and shall bea~ imerest from the date thereoF until paid at lhe rata ol nine per centum per a~num and to~ether with such interest shall be ucured by the lie~ oi this mortgage. ; 4. To permit, tommit w wffer no waste, imp~irment w deterioration of said property or sny part thercof. ! 5. 1o pay all and singutu the cosb, ~.Mrges and expenses, including a r~ssonable attw~ey i fee and costs of absrracts of tirle, incurred o~ paid at ~ any tima by taid MORTGAGEE, because a in the evtnt of ti?e failure on the part of ~he said MORTGAGOR to duly, promptly and fully perform, d~scharae, execute, effed, complNe, compty with and ab:de by each and every the stipulat~ons, sgreements, conditions, and covenants oi said promissory note and this mortgage any w eithcr. a~d wid cosri, charges and expenses, exh end every, shsll be immediately due and payabte: whether a not there be not~ce d~ mand, attempt to tollett or suit pcnd~ng; and the full amount of each and eve.y auch payment shall bear interest frwn the date thereof until p~id ~t 1he rate of nine per centum per amwm; a~d all said cosn, charges and expenses incurred or paid, fogether w~th suth interes?, shall be secured by the lien of thii j mortyaya Q Thsf in the event of any breath of this Mortqage or defavlt on tlr part of thc A'IO~TGAGOR, ~(b) i~ the event any oi said sums of money j Furein referred to be not p~omptly and (ully paid within thirty (30) days next afte~ the sa severafiy ome due and payable, without demand or notice, ~ or (c) in the event exh and every the stipvla~ions, sgreements, corxl:tiau and cove s o4 sa: ro.^.+' ory rtote a~+d th~s mortgsge any or either are aot ~ ~uly, p?omptly ar+d fully perfwmed, dixhuged. executed. ~ifectcd. completed, com lied wi~h and aTiided 4y, then i~ either or any such event the said ag ~ gregate sum mentioned in said ptomiuory note then rertwining unpaid, with inte st atuved, and all moneys secured hereby, shsll become due a~d p~y- ablr forthwith, or tF+ereafter, at fhe option of said MORTGAGEE, as fully and c9mple~ety as if all of the said svms of money were aiginalty sNpula~ed fo be paid on such day, anything in sa~d promissory note or in this Mortgage ~6 the contrary notwithstand~ng; and thereupon w thereafter at the option of said MORTGAGfE, withouf notite w demand, suit at law w in equity, Yherefwe o~ thereafter begun, may be prosecuted as if all moneys secured hsreby had matured pnor to its institution. 7. That i~ the event that at the beginning of ot at any time pending any suit upon this Matgage, a to fweclose it, o? fo reform if, or to anforce ! payment of any claims hereunder,_ said MORTGAGEE shal! apply ?o the Court havirxJ jur~sd~ction ~hereof for fhe appo3ntment of a Receiver, such Covrt shall ~ forthwith appoint a receivc? of said mortgaged p?qxrfy all a~d singvlar, intlud~ng all and singular the income, profits, iuues and revenues from whateve~ i source derived, each and every of which, it being expressly understood, is htreby morrgaged as if specifica!!y sef fo~th and desvibed in the granting and Fwbendum clauses her~of, and such Receiver sFwll h~ve all the broad and effettive funtt~ons and powers in anywise entrusted by ~ Co~rt to a Reteiver, and such appointment shall be made by s~ch Court as an admitted equity and a matler of absolute r~ght to said MORiGAGEE, and without refere+xe to tAe edequacy w inadequacy of rhe value oi the property mortgsged or Io the wivency or insolvency oi said MORTGAGOR or the defendants, and that such rCe~ntrt• profits, income, iu~es and revenues shall be app~ied by such Receiver according to the lien or equity oT said MORTGAGEE and the pradice of svch 8. To du1y, promptly and fully perform, discharge, execute, effect, mmplete, comply with and abide by esch and every the stiputations, agreements, conditions and covenants in said promissory note and this mortgage set fwth. ~ 9. That in tbe event the ownership of the mortgayed premises, or any part thereof, becomes vested in s person olher than the MORTGAGOR, the ~ MORTGAGEE, its s~ccessas and auigns, may, without norice to the M~RTGAOR, deal with such sutceuor a svccessor in ;nterest with reference to this f mortgage and the debt hereby secured in the same manner as with Mortgagor without in any way vitiating ot disthargi~g the Mortgagors liabifity hQre- j under or upon the deht hereby secured. No sate of the premises hereby mortgaged and no fwbearance on the psrt of the MORTGAGEE w irs succeswrs a assgns and no extension of the time fw the payment of the debt I~ereby secured given by the MORTGAGEf or its successon w auigns, shall operate lo release, dixharge, modify change w affect the aig;nal l;ab~l~ty of the MORiGAGOR herein, either in whole w in part. 10- It is specificatly agreed that time is of the essence of this coMract and that no wsiver of any pbligation hereunder or of the obligat'an ~e- ' cured hereby shaN at any time tl~ereafter be held to be a waiver of fhe terms hereof o? of the instrumeM secured he~by. 1). In add;tion to the fwego:ng monthly payments of princ:pal and interest required by the prom~sscry no!e secured hereby, mwtgagor coveoants ~ and agrees to pay to mortgagee with each momhly payrrxnt an add~~ional sum est~mated by mortgagee to be equal to 1/12 of the a.~nual cost of the follow- ing: ~ t A-AN real property taxes kvied or assessed against the above described real estate. ~ B-Pramiums on fire and windstorm insurance as herein requ~red to be carried on the improreme~ts situate on the above described premises_ ~ ~ ~ r- C-Premiums on wrh mortgage guaranty inwrar,ce as mortgagee shall from t~me to time deem fit to carry on the loan secured hereby. ~ Mortgagee shall from time to time notify mortgagor in writing of the amount due and payable hereundrr and such sum shall thereupon be due and i payable on tF?e due date of the next monthty payment and eath successive month thereafter urtil mortgagee shall notify mortgagor of a change in such + amount. Such sums shafl be applied by mwtgagee toward the payment of real property taxes, insurance prem:~ms, and rtwrigage guaranty insurante premiums. IN WITNESS WHER , the sai RtGAGOR has hereunto set his hand a~d seal the day and year first afore id. ~ fl!d• .SCi~!'d 8 M Pf . f I ~ . a7 e~) ~ n 1 . ,.~~a~ ~ ~ i; ~ STATE OF FLORIDA Ji'~~S ..:.Si,``~i,3~~~'~. SS. ~ ' ' y" . COUNIY OF ST • I~IB ~ ' '.~•`~~Ci,,•~ ~ iL ~ ~ G;:. "1?- ;~a~ (j y_~ ~r- Befwe me personally appeared Hubert I. M(~A90 : a.;•: '~y'; - _ ' .,~t#: _ DorOthy M. Manqo ' j his wife, to me well know~l sn~ ptii~ +~j•~ bj; c ~ ; ' the individwts desvibed in and wtw executed the foregoirg instrument, end acknowledged befwe me that they executed fAe ~ fot_tF~ ~ rherein expressed. Md rhe saia_- Dorothy M. INarigo s~ w+fe of the :a~d _ Hubert I. Mango i~~,` exami~at~o~ by me taken separate and spart from her sa' band, eckn~+vledged to and befwe me that she executed said i~ment freNr.and,v~0lun- qrily and without •ny compulsion, constraiM, spprehens' r of or from her said husband. - WITNESS my hsnd and officia! sca) thi - day ~f ~ b tl 7~ A. D. 19 ~ ' 4 • Nwa lic i~ and for the State of Florida at lsrpa My Commiuion expires: Retum 70: ~OTABY POBUQ STATE Of fLOR10A A7 LAR~iE First Federal Savings 3 losn Associstion MY COMMISSION EXPlRES NOV. 2~l~ 19Tj Of Fort Pierce. paneo rntto D 1. A~F9TELNORs Fort Pierce, Flwida FILEO AND RECO~~L~• ~ ST. LUC1E COUN?Y. ;:'_~~`~`~'~~'~189~96 ~ ~ ~ ~ 9 ~ ~ This Instrument Prepared By J. D. Chastain ! First Federaf Savings b toan Association ( 7 PM 2; ys i of Fort Pierce , F lor i da ~ F~$ o~ ~ Checked By ~ ' ^-,tlC•ra i~0;'^r.:.S i CLERK ~IRCUIT COURT~ ~ ; BOOK 1~~ P1~~E ~9 ~ 1 'j ~ ~ _ ,1~ ~ . . ~ _ ~