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Home My WebLink About2587 3. To place and continuously keep on ths bui!dings now w hereaiter ~ituate on ~aid land and on all equipment and personally covered by this mortg- sge, with ~U premiums thereo~ pa~d in full, iire insurance ~n the usual standard pol~cy form, in a sum approved by the MORTGAGEE, and windstorm insursnce in the usual seandard pol+cy fwm, in a sum ~pproved by ?he MORiGAGE:, in such company or co~npan~es as the MORTGAGEE may direct; and all fire and windtlorm insu~ance poticies on a~y of sa~d build~ngs, any interest therein o~ parl thereof, in the aggregare ium ~foresaid o~ i~ excess thereof, shall co~tai~ ihe usual standard mwtgagee clause w such other clause as ~he 1Aortgagee may requ~~s, maMing the losi under sa~d po~i- cias, each and ave~y, payable to said MORTGAGEE as ~ts interest may appea~, and each and eve~y such po~~cy sl~all be promptly ass gned and delivered to any held by said MORiGAGEE ai (urthe~ security to said mortgage drbt, and, not :ess than ten (lOT days in advance of the expirat~on of each pol~cy, to dr liver to sa~d MORTGAGEE a.enewal thereof, together with a receipt fw the premium of such renewal; and there shal~ be no i~re o~ w~~~dstorm insurance placcd or+ any of said build~ngs, any interest lherei~ or part thereof, unless in fhe form and with the loss payab!e as afaresaid; and in the event any ium of money becomes payable under such polity or pol+cies said MORTGAGEE shall have the opt~on ~o receive and apply the same on accounl of the indebted ness sew~ed htreby or to permit said MORTGAGORS to reteive and use it a any part fhereof tor oti,r. purposrz, w~~hout ~h_~.u~ warvr~~g cr ~n,pa~r- ing any equity, lien w righ~ under w by virtue of this mortgage; •nd in the event sa~d MORTGAGORS shall fa any reason fail to keep the said prem~srs so insured, or fail to deliver promptly any of said polK~es of insurance to said MORTGAGfE, w f~il promptly to pay tully any pre~n,um therefw or in a~y respect fai) to per(orm, discharge, execute, effect, tompleta, comply with and abide by this cove~ant, or any part hareof, said MORTGAGEE may piace and pay (a such insurante or any part thereof without waiving w affecting any option, lien, equ~ty, or right under a by vi~tue of Ihis Mwtgage, and tht full arrwunt of eath and every svth payment shall be immediately due and payaole and shall bear interest from the date lhereof until paid at the rate ot ni~ pe~ centum per annum and to~e~her with suth interesl shall be secured by the lien of this mo~tgage. 4. To permit, commit or suffet no waste, impairment o? deterioration of said property or any part thereof. 5. To pey all and singulsr the cosis, charges and expen~es, including a reawnable attorney's fee and costs of abstrads of title, incurred or paid at any time by said MORTGAGEE, because ot in the cve~t ot the failure on the part of the said MORTGAGOR lo duly, promptly a~d fully p~rform, d~scha~ge. execute, ef(eu, complete, comp~y with and ab;de by eath and every the st~pulat~ons, agreements, cor.d~tions, and covenants o~ sa~d prom~ssory note and ~h~s mortgage any w e~ther, and said tosn, charges and e:penses, each and every, shall be immediately due and payabte; whether or not there be notice dr mand, at;empt to co~lect or suit pending; and the full amount of each and every auch payment shall bear interest from the date thereof until paid a1 the ratc o~ nine pe? certt~m per annum; and all said costs, charges and expenses incurred w pa~d, together w~th such interest, shall be secured by the lien of this mcvtgage. 6. Tha1 (a) in the event of a~y breach of :his Mortgs9e or defa~lt on the part oi the h10RTGAGQR, or (b) tn the event any of sa:d sums of money herein referred to be not promptly and fully paid within thirty (30) days neat after the same seve~ally beco~ne due a~d payable, without demand or notice, or (c) in thr event each and every the stipulations, agreements, conditions and covenants of sa:d promissory note and th~s mortgage any a either are not ~uly, promptly and fully periormed, d;scharged, execured, effected, completed, comp{ied wifh and ab~ded Sy, then in either or any such event the said ag gregate sum mentioned in said promissory note then remaining unpa~d, with interest accrued, and alt moneys secured hereby, shall become due and pay- able forlhwith, w thereafter, at the option of said MORiGAGEE, as fully and complete~y as if ait of the said sums of money were or~9inally st~pulated ro be pald on such d:.y, anything in sa:d promissay note or in this Mortgage to the contrary notwithstanding; and the~eupon w thereafter al the option of said MORTGAGEE, without notice or demand, suit at law or in equity, lhereFore o• therea(ter begun, may be prosecuted as if all moneys secured hereby had mawred prior to its institution. 7. That in tl+e event that at the beginning of a st any time pend~ng any su~t upon this Mortgagc, w to faeclose it, or Jo reform it, or to enforce payment of any claims he~eunder, said MORTGAGEE shall apply to the Court having jurisd~ct+on thereof ior ~he appointment oi a Receiver, suth Court shall fwthwith appoint a receiver of said mortgaged prooerty all and singutar, includ~ng all and singular the income, prol~ts, issues and reven~es from wharever suarce derived, each and every of wh~ch, it being expressly understood, is t~ereby mortgaged as if speG~~cally set forth and described in the granting a~d habendum ciauses hereof, and such Receiver shall have atl the broad and effective funcnons and powers in anywise entrusted by a Cou~t to a Receiver, and such apaointment shall be made by such Court as an admitted equity and a matter of absolute right to said MORTGAGEE, and without re{erence to the adequacy w inadequacy o! the value of the property mortgaged or to the wtvency or insolvency of said MORiGAGOR w the defendants, and that such rents, profits, incane, issues and revenues shall be appi~d by suth Receiver accord~ng to the lien or equity of said MORTGAGEE and the pradice of such Court. 8. To duty, promptly and fulty perform, discharge, execute, effect, complete, comply with and abide by each and every the stipulations, agreements, condifans and covenants in sa~d promissory noie and this mortgage set forth. 9. That in the event tl~e owne~ship of the mortgaged premises, or any part thereof, becomes vested :n a person other than the MORTGAGOR, the _ MORTGAGEE, its successws and assig~s, may, without notice to the MORTGAOR, deal with svch succeuor w s~ccessor in interest with reference to this ; mwtgage and the d:bt hereby secured in the same manner as with Morrgago. withoul in any way vit~ating or diuhargi~g the Alwtgagors' liability here~ under or upon the debt hereby secured. No sale of the premises hereby mortgaged anJ no forbearance on the part of the MORTGAGEE or its successws z or assigns and ~o extension of the time for the payment of the debt hereby secured given by the MORTGAGEE or its successors w assigns, ahall operate to release, discharge, modify change or affect the original liab~lity of the MORiGAGOR here~n, either in whole or in part. 10. It is speufically agreed that time is of the essence of th~s contract and ~hat no waiver of any obl~gatton hereunder or of the obligation se- cured hereby shall a~ any time thereafter be held to be a waiver of the terms hereof or of the instrument secu~ed herby. 11. in add!tio~ to tha forego"ng monthty paymants of princ'pat and interest required by the promtsscry no!e s^cured hereby, mortgagar cove~ants and agr~es to pay to mo:tgagee with each month~y payrnent an additional sum estin~ated bv mortoaqee to be equal to 1; 12 of the annual cost of the follow- ing: A-All real property taxrz levied or assessed agai~st the above described rea~ estate_ B-Pr~m~ums on Iire and windstorm insurar.ce as herein requ;red to be carried on the +mproveme~ts situate on the above dsscribed premises_ C-Premiums on such mortgage guaranty insurar,ce as mortgagee shall (rom. t:me to ti~ne deem fit to carty on the loan secured hereby. 'I Nbrtgagee shaei from time to time notify mortgagor in writing of the amount due and payable hereunder and such sum shall thereupon"be due and Fayable on the due dare oi the next monthiy payment and each successive month thereaft~i ur:til mortgagee shall notify mortgagor of a change in such amount. Such sums sha:l be applied by moriga~ee toward the payment of real property taxes, insurante prem.ums, a~~d mcttgage guaranty insurance p~emiums. ' IN Y~ITNE~S JVHEREOF, the said MORTGAGOR has hereunto set his har.d and seal the day and year first aforesaid. ~ 'gr.ed, Seal and deliv in the prese~te of: ~ J aq (Sesn ~ ~ ~ (Seal) ~Seaq STATE OF FLORIDA ~ ' 55. CouNTY oF St . Lucie Before me personally appeared $1C~71ey ~OnA and 'Q~uin Long, also knawn as O'QuimLongs his wift, to me well known and known to me to bs the individvats desvibed in and who executed the fwegang inshument, and acknowtedged before me that they executed ihe same for the purposes therein expressed. And tfie wid 0(711~if ~riC) ~~31S0 known aS D~R]],ZII IAflc~ ~ wi(e of the said $lt~ley LOn9 vpon a uparate and private examinat~on by me taken separate and apart from her said husband, ack~owledged to and befwe me that she executed said instrument ireely and volun- tarily and without any compulsion, constraint, spprehcnsior~ ot fear oi or from her said husband. WITNE55 my hand and offic~al seaf this ~lJ~ dsy of a rll A. D. 19~_ ~1 ( Notary Pub' ~n end for the tate of florida ~t larye ~E' ~ My Comm ion expires: . ~ /9 Return To: ~ fint Federal Savings 3 loan Association ..s;.,;; ~ ~ Of Fort P~erce. >~~.i~~.,.- '~'Lr~ ~~J~,C. Stale ol Haride at Larqe ~ . Fort Pierce. Florida ' v~ .~y ~0./7li3lli!~1 Expires Auq. 6. ~9~ ~ J . y ; ' J. ; ~...a ~r Fk~ ~ c..rie~ a~r ~ ' ~ " ~ J:~~ + FILED AND RECORDED - ~ ~ • J : ~ ST. LUCI~ COUNTY FLA. This Instrument Pre ared B••~. E. I3Zaun • P Y ~::;:a '.f :~L? - ;;r ~ ~ First Federal Savings & Loan Association ~ P% . ~ - ~ o ~ ~ ' ~ ~ ~ ` ~ ~ • of Fort Pierce, Florida ;~0;•.; ; ~ ~F~ 1918 ~ 10 Chec~ed By~- ..~T;,~~ . '7p. APR 6 P~1 2: 25 '.''~:t;;,; ' ~ c~c~dt-!.u • . ) .J ' n • -I ~ IY•~ ~ ' L . . _,;rc.?~ ~ U R 183 ~ CI.ERk CIRCUIT c"OURT ~ 600K PACE 584 _ _ . _ ~ _ - ~ . . _ . ~ - : ~ t~ r-~~:-~