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Home My WebLink About0272 } ~ . # 3. To plue and cor~tinvously keep on the bui:dings now o~ hereafte~ situsts on said tand and on slt cquipment ~nd personally cove~ed by thii mortp~ a9e, with all premiums thereon paid in fufl, fire insviance in ~he usual ~tandard policy torm, in a sum approved by the MORiGAGEE, and windstorm ~nsur~~?ce in the usual ~tandard pol~ty form, in a sum approved by tM MORTGAG~E, in wch company o~ companies ss the MORTGAGEE may d~rest; ~nd all firo and windsrorm insuranca policiss o~ any of said build~r~s, a~y interest therein or part thereof, in the +ggregate sum aforesaid or in eaceu thereof, aMll contain the usual standa:d matgayee clsuse w such oiher claum as the Mat~sgee may requ~r~, makirg the lou unde~ sa~d poli- ues, each and evary, payable to said MORTGAGEE as ih inte~ett may sppear, and each and every such policy shall be promptly ass:~ned and detivered to ' i any hetd by said MORiGAGEE as fu~ther securiry to said mor~yage debt, and, ~ot leu than ten (10) days in advance o( the eapiration of e~ch pol~cy, to da I~ver to taid AIORTGAGEE s re~ewal Ihe~cof, together with a reteipt for the premium of suth renewal; and there shall be no f~re or winds~o~m insurance placed on any of said bvildings, any interett therein or parf thereof, unless Fn the form snd with the loss payable as aforesaid; a~d in the evsnt any ~um of money becpne~ payabk unJer wch policy u poticies said MORTGAGEE ahall have the option to receive and apply the same on accounl o( the indebled- nesa setured Fxreby M fo permit aaid MORTGAGORS to receive and uss it Ot any parl thereof tor otner purposes, ivithout lh~rtb~ nnivi~ig or i~npair- ing any eqvity, lien a ~ight unde~ a by virtue of this mo:tyage; and in the event sa~d MORTGAGORS shall fa a~y reason (ail to keep thc said p~emises so ins~ired, o~ fail to deliver pron~ptly ~ny of said pol;cies of in~urance to said MORTGAGEE, a fail promptly to pay (ulty any premium therefw w irt any respect faif b perform, dixharge, execute, eifecr, complete, comply with snd abide by this covenant, w any part hereoi, said MORTGAGEE may plate ~nd pay fa such infu~ance or ~ny part thereof without waiving a sitectirtg a~y option, lien, equity, w•7ght ~nder w by virtue of this Mortgage, and the f~ll amount of each a~d every wch payment shall be immediately due ind payable and shall bear interest from the dats the?eof until paid a1 the rate ol n~~,e per centum pei annum nnd to~ether with such interqt shall bs secured by the lie~ of this mortgsge. 4. To permit, commif w suffer no wsste, impairment w deteraration of iaid property or any part ehereof. t S. To pay all and sing~lsr the costs, chargea and expenus, including a reaso~able sttwney's fee and costs of abstracts oi title, incurr~d or paid at ~ any time by said MORTGAGEE, becauu w in the event of the failure on the perf of the said MORTGAGOR to duly, promptly and fully perform, d~schargq ~ sxecute, effect, compkt~, ca~nply wnh artd ab:de by each and every the stipulations, agreements, conditions, a~+d covenants of said p~omiswry ~ote and this mortgage any or ei?her, and said costs, cMrges and expensei, each and every, shall be immediately due and payabte; whether or not there be rro~ice d~ i mand, attempt to cotlect or suir pending; and the fvll amo~~t of cach and every s~ch payment shall bea. interest from ~he date thercof until p~id s1 the i rate of nine per tentum per annum; and all said costs, tharges snd expenxs incu~red or paid, together with tuch interest, shall 1x secured by tha lien of thf~ mort~age. 6. That (a) in the event of any breach of th+s Matgape oi defau!! on the part of the MORTGAGOR, w(b) in the event any of said suma of money herein referred to be nof promptly and fully paid within thirty (30) days next after the same uve~ai~y become due a~ payable, w:thouf demand w ~otite~ or (rJ in the evem each and every the s~ipulations, agreements, conditions and cavenants of sa;d promissory note and th~s moi~gage any or eithe~ aro not iuly, promptly and fuUy pertamed, d~xhuged, execvted, effected, completed, compl;ed with and abided by, then in either w any such event ths said ag gregate sum mentipned in ia~d promiuory note then remainiry unpaid, with inlerest accrued, and ati moneys secured hereby, shaN betome due and pay- abte forthwith, a the?eafte~, at rhe opt~on of said MORTGAGFE, a~ fully and completely as if all of the said sums of money were aiginally itipulated to be paid on such day, anything in said promisswy note or in this Mortgage to the contrary notwithstanding; and Iherevpo~ or thereafter at tF~a optian of said MORTGAGEE, without notice or demand, suit at law or in equity, thtr~fore ot thereafter begun, may be prosecuted ss if all moneys secured Aereby had marured pnor to its institution. ~ 7. That in the event rhat at the beginntrg of or at any time pending sny tuit vpon this Ntortgage, w to forecloie it, o? to reform if, or fo enforce ~ payment of any daims he~eunder, said MORTGAGEE shall apply to the Court having jurisdict~oa thereof for the appointment of a Rece;ver, such Coun shall iorrhwifh appoint a receiver ot said mortgaged property al) and singular, includ~ng alI and singular the intome, profits, issues and revenuas from whatever source derived, each and every of whKh, it being eapreufy unde~stooil, is hereby mortgaged as if spec~fica~ly set fwth and described in the yraroing a~d habendum clauses her~of, aMl s~xh Receiver shall have al! !he boad and ef(ec?ive funchons and powers in anywise entrusted by a Court fo a Receiver, and s~ch appointment shall be made by such Court as an admitted equity and a matter of absolute righf to said MORTGAGEE, and without referente to the adrquaq or inadequacy of the value of the property mortgaged or to the salvency or insolvency of said MORiGAGOR w the defendants, and that such ~enu, profits, income, iuues and revenues shall be applied by such Receiver accord~ng to the lien or equity oi said N10RTGAGEE and the practice of such Court. 8. To duly, promptly snd fully perform, discharge, execute, effect, complete, comply with end abi~e by each and every the stipulations, ag~eem~nts, t cond+tions and covenan~s in said promissory note and this mortgage set fath. 9. That in 1he event the ownership oi the mortgaged Fvem~xs, or any part thereof, becomes vested in a person other than the MOR~'GAG~R, the :SORTGAGEE, iri succeuws and assigns, may, without notice to the MORTGAOR, dea{ with such succeud w successw in interesl wirh reFerente to this morrgage and tlre debt he~eby`srcured 'en tne same manner as with Mortgagor w+thout in any way vitiating w diuharging the Mortgagori liability here- under w vpon the debt hereby secured. No ssle of the premises hercby mortgaged and no forbearance on the part oi Ihe MORTGAGEE or its successon or assigns and no exte~sion of the time for the payment of the debt hereby secu~ed given by the MOR?GAGE'_ or its successors or auigns, shall operate ~ ~o release, d~schargc, modify change a affect the orig~nal liab+l~ty of tFx 1NORTGAGOR herein, either in whole or in part. 10. It is specifKally agreed ~hat time is of the easence of this contract and Ihat no wsiver of any obligat~on hereunder or of the obligatron se- 1 cured hercby shall at any time thereafter be held to be a waiver of the terms hereof w of the instrument secured herby. ~ l I. In add~tion to the iwego~ng monthly payments of princ'pa! and inteaest required by ihe prom~ssory note secured hereby, m~rtgagor covenants i and agrees to pay to mo:tgagee with each monthly payrnent an add~~ional sum est~mated by mortgayee to be equal to 1%12 of the annual cost of the follow- ! j ing: _ ~ A-All real property taxes levied or assessed against thc above described real estate. B-Premiurns on fire and windstorm insurance as herein requ~red to be~carried on the improvements situate on the above described premises. ! C-Premiums on such mortgage guaranty insurance as mortgagee shall from t~me to time deem fit to carry on the loan secured hereby. ~ Nlortgagee shatl f~om time to time notify mortgagor in writing of the amount due ~nd payable hereunder and such sum shatt thereupo~ be due and rayable on tl~e due date of the nexr monthly payment and each successive month thereafter ur,til mortgagee shall notify mortgagw of a thange in such amount. Such sums shail be applied by mortgagee toward the payment of real property taxes, insurance premiums, and mwtgage guaranty inwrance nremiums. i IN W1TNE55 WHER~OF, the said MORTGAGOR has hereunto xt his hand and seal the day and year f' t a{ e ~ i S' a~ed and delivered i~ the Pr~se~ce oF: FIIED AND RECORDE~' ~ .~r 19~ 1 ` ~ ~ k ~ ST LUCIE COU?~TY, ` , '70 FEB 23 PI~1 :3S ` STATE OF FLORIDA 1 ~ ~ couNn of St. Lucie ~ 1 ~ Befwe me H a ared . E. OSe ~l 'r-t: ::i);7 t't:,r= and ~ ~ Pen~ Y PP~ ~ Mary Rose ~is wife, to me well known snd icnown to me to be 3 the individuals described in and who executed the fwegoing instrument, and acfcnowtedged befwe me that ft~ey executed the sam ~ ` - ~-~Nfai ose ~ therein expressed. And fhe said ~ ~ w;fe of the said A- R ltes - upon a separate and p?ivate examinaYwn by me taken separate and apart from her seid husba~d, ack~owledged to and before me that she ezecvted said instrument freely u~d volun- rarily and without any comFulsion, const?aint, appreheruion, or fear of or from her ssid iwsband. ~+~i11f1! a o Y _ _ ,~,y... :,,~..~,;9::.~ WRNE55 my hand and official seal this da of /~.d1K/lk ~ , . ' T f . ' ~ ( - ~p ' ~ ~ otary Pubfic in and fw _ (~t~ ~ ' My Commission expir~: ' ,~-t. • T ~ Rltum To: ~p.; i{ x j~=!"'_, ~ d'- fint fede~sl Savi~gs 6 Loan Auociation Notnry r - . . • o ' - ~ • ~ ,.'J -a ~ at Larre = p,. i~ • 6~ Of For~ P~erce. B On de d I.~ : S' i.• ~ :3~~urance Com sII ~ • • 'O P J~ : .Fort Pierce, florida COIIIIni:~tu~. ~ ~ r~~ '`=s ~VIy _ : a . 6, 1173 , y . Q ~ ~ ~~p ~ / / - ~ 3 R f`n'''^ t ~•~~i;1S7A~~~~``~~. ~ 1 , ` C.i - n*o pc:4~6b1i~'~s ~p~f Flori~_~+.~ This Instrument Prepared By J. D. Chastain Ao 1` ~ ~ ~ Coinpang First Federal Savings 8~ Loan Association ~O~'~~'~'~~!"1'~Sf~~~G~ ",r,~~ of r P, AX ' of Fort Pierce ~ Florida ~~1" ~s ?~p Fs St ~cie ~AI~IF~ N ~~~f ~u~ OF 1~1. ERry ; Checked By By un~ T~ Coll ~w~~ ~L ; BOOK ~J ~ACf ~r~2 ? ~ R ~ f~ ~ i _ CLfRX c:f : : , . ~ - r r _ , ~;i