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Home My WebLink About1835 3. To place and conlinuouely keep on the bui!dings now w hereaft~r ~ituate on iaid land and on sll equipment and personally covered by thit mwlg~ ege, with all premiums thercon pa~d in (uil, fire insurante in 1he usual standard policy form, in a sum approved by the MOR~GAGEE, and windstwm ~nsurs~ce in the usuat standard pot;cy iorm. in a sum approved by ~M MORTGAGEE, in su~h company or companies as the MORTGAGEE may d~rec?; and all fire and w~~d~torm insuronce poliuet on sny of said build~ngs, any interest therein or pa~t the~eot, i~ the aggrega+e sum stueiald o~ in exccts Ihereof, shall contain the usual standard morl~agee clause or such o~he~ dause as the Mortgagee may requ~ie, making the loss under ~a~d poli- ues, each and every, payab~e ro said MORTGAGEE ai iti intereat may appea~, and each artd every such poiicy shall be promptty ass gned and deGvered ~o any htld by sald MORTGAGEE as fur~her ~ecurity to uid mortgage debt, and, not leu than ten (10) days in advance of the expiration of each pol~cy, fo dt- '.tve~ to uid MORTGAGEE a renewal the~eof, togNher wilh a recelpt for thr premium of such renewal; and ~here 3halt be no i~re o~ windstam insurance placed on any of said build~ngs, any interes~ therein o~ part thereof, unless in tF~e form and with ~he losa payabte as aforeiaid; and in the event any sum ~ of moeey becomes payable under such poliq w poGcies said MORTGAGEE sha~l har. rhe opr~on ~o aece'rve and apply fhe same on account o( tha indebted- ness secured hereby or to permit said MORTGAGORS to receivs and use it a any part thereof (or osher purposes. ~•~i~hc~t thar.o~ waivin3 0~ unpair- ing ~ny eq~ity, I~en a righl uode~ w by virtue of this mo~:gage; and in the event sa~d MORfGAGORS shati for any reaion fail to ?~ep the said premisrs so ° insured, w(ail fo deliver ppmptly +ny oi aaid policies oi insurance t0 laid MORTGAGEE, or fail promptly to pay fully any pre~nium ltierefo~ or in any respect fail ta perfam, discharge, execute, effec~, complete, comply with and abide by th~s covenant, w any part hereof, said MORTGAGEE may plsce and } pay fw such i~su~ance o~ sny parf fhereof without waiving or affacting any opt+o~, liert, equ:ty, or righ> under or by virtue of thia Mortgage, and the f~ll amount of each and every such paymero ihall be immediataly due and payable and shall bear interest from the date thereof untii paid at the rate o1 ~~~e per centum per annum and to~ethe~ with suth interest shall be secured by the lien of this mortgage. ` i 1. To permit, tommit w suffer no waste, impairment w dcterioration of said properfy or any part thereof. i 5. To pay al! and singular tiK costs, che es and expenses, indvdi ~ rg nq a ~easonabte at~orney's fee and costs of abstracts of tiNe, inwrred or paid a~ ; any time by said MORTGAGfE, because or in the event of the failure on ~F+e part of the said MORiGAGOR to duly, promptly and fully perfwm, d~uharge, execute, effect, complete, comply w~th and ab:de by each and every the st~pulanons, agreements, conditions, and covenants of sa~d p.amissory r?ote and ihis .no~tgaga a~y w e7~her, and said cosh, chsrges and expenses, each and every, shatl be immediately due and payable; whether or not there be no~ice dt mand, attempt to collett or suit pend~ng; and the fult amount of each and eve~y suth payment shall bear interesl from Ihe date thereof ~ntil paid at the ' r:,te of ninc per centum per an~~um; and a!1 said costs, charges and expenses incurred w paid, together with such interest, shatl be secured by the lien of thi~ mortyAgl. ~ 6. That (a) in the event of any breach of this Mwtgage or deFault on fhe part of the MORTGAGOR, or (b) ir? the event any oi said surtu of money he~ein referrcd to be not promptly and fuNy paid within thirty (30? days next after the same severatly become due and payable, without demand or ~?otite, or (c) in the event each and every the stipulations, agreements, conditions and covenants of sa.d promissory note and th~s mortgage any or either are not i~ly, prpmptly and iully perfwmed, d~uharged, executed, effected, co:-.p(eted, comptied with and abided yy, then in either or any such event fhe said a¢ g~egate sum meniioned in snid prpmissory note then remaining unpaid, with inrerest accrued, and all moneys secured hereby, shall become due and pay- able forthwith, w thereafter, at the opt~on of sa~ MQRT6AGFF: aa fvlly and complerely as if alt of ~he sa~d sums of money were o+~gina~ty s~~putated to be paid on such day, anything in sa:d promissory nore or in ihis lYlortgage to 11~e conva?y notwithsranding; and thereuoon or thereafter at tfx option of ~ sa+d MORTGAGEE, w~thout notice o: demand, suit at law or in equity, there(ore w thereatter begun, may be prosecuted as if all moneys secured hereby had maturCd pnp to its institution. 7. That in the event that at the beginn;ng of or at any time pendirg any svit upon th;s Mortgage, w?o foreclose it, or ta reform it, or to enforce payment of any claims hereunder, said MORTGAGEE shall apply to the Court having jurisdiction thereof for the appointment of a Receiver, such Covrt shall forthwith appoint a receiver of said mort~aged proQerty all and singvlar, includ~ng ail and singuiar the income, prof~ts, issues and revenues from whatever sou~ce derived, each and every of which, it being expressty understood, is nereby mortgaged as if spec~lically set forth and deuribed in thr granting and habend~~m clauses hereof, and such Receiver shall have all the b?oad and eifea~ve funct,ons and powers in anyw~se entrusted by a Couit to a Receiver, and s~:h appointment shatt be made by s~ch Court as an admitted equity and a matter of absolure right to said 11~ORTGAGEE, and wichout reference to the adequacy w i~adequacy of the valve oi the property mortgaged or to the sotve~cy or insolvency of said k10ATGAGOR w the defendants, and that such .enrs, profifs, income, issues arxl reve~ues shall be applied by such Receiver according ~o the tien or equity of said MORTGAGEE and the practice of such Court. 8. To duly, promptly and fully perform, diuharge, execute, effect, complete, compiy with and abide by each and every the stipulations, agreements, mn~iteons and covenants in sa~d promissory note and this mortgage set fwth. 9. That in the event the ownership of the mortgaged premises, a any part tiiereoi, becomes vested in a perwn other ihan the MORTCsAGOR, 1he h'.OR.TGAGEE, its successws snd assigns, may, wifhout notice to the MORTGAOR, deal wi~h such successw w successor in interest with reference to this rrortgage and ~he deb~ hereby secured in the same man~er as with Mortgagor without in any way vitiating w discha~ging t{x Mortgagors' lisbility here- under o~ upon the debt hereby secured. Mo sale of the Fremius hereby moitgaged and no forbeaiance on the part of the N10RTGAGEE w its successws oi assig~s and no eatension of the time fw the payment of the debt hereby setured given by the MORTGAGE' or its successors w assigns, sha11 operate ~o release, d~scharge, modify change or affett the original liab~tity of the MORTGAGOR hereia, either in whole or in part. t0_ It is speuf~catly agreed that time is of the essence of this contrad and that no wairer of any obl~gat~on hereunder o~ of the obligation se- cured hereby shall at any time thereatter be held to be a waiver of the terms hereof or of the instrument secured herby_ 11. In aod:tio~ to the forego:ng month?y payments of princ'pal aod interest required by the promissory nore secured hereby, mortgagor covenants a~,d agrees to pay to mo:tgagee with each monrhty pay.nent an add~rional sum esrimated by mortgagee fo be eqval to 1; 12 of the annual cost of 1he follow- ~ng: A-All real property taars (evied w assessed against the above described real estate_ B- Prem~u~ns on fire and windstorm insurar.ce as here~n requ:red to be carried on the improvements situate on the above d=scribed premises. ~-~remioms ow such mortgage guaranty insurance as mortgagee shall from t:me ro time deem fit to carry on the loan secured hereby. ; Martgagee sha~l from tirne to time notify mortgagor in writing of the amount due and payable hereurxler and suth sum shall thereupon be due and s Fsyable on the due date of the next monthly payment and each successive month thereafter ur.~il mortgagee shall notify mortgago? of a change in s~ch ~ a:~~ount. Such sums s±~all be appiied by mortgagee toward the payment of rea! property taxes, iruurance prem:ums, aid mortgage guaranty insuraece p~emiums. IN WIT~SS VlHER'OF, the s"d MORT~/1GpR has hereunto sFi~`iiE~n~.arx! {q~~he day and ye first aforesa' . Sg~ e led a deli i~ ~-pr e o~: ST. LUCI~ (,`OUN TY ~FC~ ~ ~ . . ~ _ - ~912~~~ . aQ i lSeaO . 'T~ MAR 10 AIy !0: sNn STATE Of FLORIDA ~G ~ ) dr? couNnr oF _ S t. Lucie ~ ~~~~R r'~0lTRA~ eefae me p~MOnally appeared Thamas D. F~3~~iRK C~RCtl~T C0~ Nancy L . F inn his wife, to me weN krwwn and know~ to me to be ~he individuals described in and who executed the foregoing instrument, and ackrwwledged before me that they executed the same for tF~e purposes ~herein expressed. And fhe said N anc v j, . F inn rv~fe di the sa~d - ThOma S fl F i nn opon s xpsrete and p~iwte examinarion by me taken xparate and apart from her said huaband, scArawtedged to and befo~e me that she execured said instrument freely and volun- ra; ily and without any compulsan, conssraint, apprehensi ~ or fear of or from lur said husband. WITNESS my hand and official seal the: da of r y A. D. 19~_ Notary Publi n a~+d for the St te of Florids at lar My Comm~s on exp~res: y 7~ Retum To: . First Feder~l Savings 3 Loan Associat~on • 1 t 111 Of Fort P;erce. '~~~'~~~~~,1 .ey~'~~~/~~ ~~7aZry n7:.~.~~:, State of Horida at luge Fort Pierce, fforida ;~v~; •:~~~i. ?~r ~6,~mission Expires Auq. 6 1911 a'- ~wMe M A~~ f.iQ i GwMtr 5~. -~y'-'v : : ~~Q : U'i; : • 1 ~ \ ~ ~ J . This Instrument Prepared By Richarc~~fr; ~~~,;~j,:;~;: =irst Federal Savings & Loan Association ~:~i ~~.~':~'J ; o f For t Pierce, F 1 o r i d a '.,~p r+ Q :~E~ ; . ~~/J~/'l~~~rn~~~~'~O Checked By ~ ~~~~~~i~~si~A~~~~~`` ' . 8ao~ 1~~ ~~~~833 - - ~ v . . . . : ~ . , '