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Home My WebLink About2690 , . , • ; . ~ . 3. To piace and continuously keep on the buildings now o~ hereafte~ sitvsta on said I~nd and on all equipme~t and personally covered by this matq- sgs, with ~II premiums lhereon paid in full, fi~e insu~anc~ in the usual standard policy to~m, in a sum approved by the MORiGAGEE, ar~d windstorm insuran;s in the usual atandard pol;cy (wm, in a sum approved by the MORTGAGEE, in iu;h company or companies as the MORTGAGEE may dirett; and all fire and winds~orm insuranta polities on any of iaid build~ngs, any interest Ihe~ein or part thereof, in the aggregare svm atoresaid or in excess thereof, shatl contain the usual srandard morrgagee clause or such other clause as the Mo~tgagee may requ~re, making Ihe Ios~ und~ sa~d po1F cies, each and every, payabie to said MORTGAGEE as ~ta intereit may appear, and each and every such pol~cy sha11 be promptly ass.gned and deliYered to any held b~f said MORTGAGEE as fw~her security to said mwtgage debt, and, not less than ten (t0) days in advance of the expi~ateon of each policy, to da I~ver to uid MORiGAGEE a renewal thercof, toye~her with a ~ece~pt fw the premium of such renawai; and there shall be no f~re or windstorm insurance placed on any of sa~d build~ngs, any i~terest therei~ or part thereof, unless in the form a~d with ~he loss paya5te as aforesaid; and in the event a~y sum of monay becomes payabte unde~ such policy d policies said MORTGAGFE shall have the opt~on to retcive and apply ths ume on accounl of the indebted- ness secured hereby w to permi/ ssid M0~2iGAGORS ro receive and use it p any part thereof ior other purpo:es, w~ti~out Ih_~<u~ waiving or unpair- ing any equ~ty, lien or right under or by virtue of this morsgage; and in Ihe event sa~d MORTGAGORS shall for any reaso~ fai! to keep the sa~d prem~srs so insured, w fail to deliver promptly any of said polities of in~urante to said MORTGAGEE, w fail promptiy fo pay fully any pre~nium therefor or in a~y respect fail to perfwm, d~scharge, execute, effxl, complete, comply with and ab~de by thls covenant, or any par~ he~eof, said MORTGAGEf may placr and pay fw such insv~ance or any parf thereof without waiving w sffecting any option, lien, equ~ty, or r~ght unde~ w by v~rtue of this Mw~gage, and the full amount o( e:ch and every such payment shall be immediately d~a and payable and shall bear interest from tha date therec( until paid at the rate oi nine per centum per annum and to~etFier with such interest shati be secured by ihe lien of this mortqage. 1. To permit, commit or s~ffer no waste, impairment a dete~ioration of isid property w any part thereof. 5. To pay all and singular the costs, chsrges and expenses, including a ~easonable attorney's fee and costa of abstrad~ of titte, incurred or paid at any time by said MORTGAGEE, because or in the event of the failure on the part of the said MORiGAGOR to dufy, promptly and fvlly perform, d~scharge. execute, effect, comptete, comply wi~h and ab~de by each a~d every the stipulat~ons, ag~ee„~ents, cond~tions, and covenan~s oi said p~omissory no~e and this matgage any o~ ei~her, and said costs, tharges and expenses, each and every, shall be immediately due a~! payable; wfiether w not there be ~otice de :nand, attempt to coltect or suit per.d~rg; and the full amount of each and every such payment shall bea. inrerest from ~he date thereof unril paid at the rate of nine per cenrum per an~~um; and ail said cosis, charges and expenses incurred or paid, together w~lh such interest, shall be secured by the lien of this mortgage. 6. That (a) in 1F+e event of any breach of this Mortgage or defaulr o~ the part of the MORiGAGOR, w;b) in the event any of satd sums of money herein referred to be not promprly a~x! tu~ly paid wishin thirty (30) days nex~ aft_r the same severally become due and payable, withou! demand or notite, or (c) in the event each and every the stipulations, sgreements, conditions and ~ovenants of sa d p~omissory note and this mortgage any or either a~e not ~uly, promptly and futly performed, d:xharged, eaecured, effected, completed, compl~ed w3rh and abided 5y, then in e~ther a any such event the said ag- gregate sum men~eoned in aaid promisswy note then remaining unpaid, with i~te.est accrued, and all moneys secured hereby, shafl become due and pay- able futhwith, w thereafter, at the opt~on of said MORTGAGEE, as fully and completely as if ati of the sa~d sums of money were w~g~natly sttpulated to be paid ort such day, anything in sa:d prom~ssory note or in this Mwtgage to the conrrary no~withstanding; and thereupon or thereafter a1 the optio~ of : said MORTGAGEE, witnout rtotice or demand, su~t at law or in equity, therefore or thereafter begun, may be prosecuted as if all moneys secured hereby ( nad matured pno? to its institution. E 7. That in the event that at the beginn~ng of or a! any tinx pending any suit upon this Mortgage, w to fwecfose it, or to reform it, or fo enforce payment oF any c!aims hereunder, said A10RTGAGEE shatl apply to the Court having jurisd~ction thereof for the appointment of a Receiver, such Court shall # Forthwith appoint a receiver of aaid mortgaged prooerty all a~d singutar, includ~ng all and s~ngular the income, prof~ts, issues and revenues trom whatever ! source derived, each and every of which, it be~ng expressly unde~stoed, ia hereby morrgaged as if spec~fically set forth and described in the granting and : habendum ctauses hereof, and such Receiver shall have all the boad and effea~ve funcr~ons and powers in anywise entrusted by a Court to a Receiver, and ! such appoentment shall be made by such Court as an admitted equity and a matter of absolu~e right to sa~d MORTGAGEE, and w~thout refe~ence to the adequacy or inadequacy of the value of the property mortgaged or to the so~vency or insolvency of sa+d MORTGAGOR or Ihe defendants, and that such rents, profits, income, issues and ~evmues shall be appiied by such Receiver accord~ng to the lien or equity of said MORTGAGEE and the prattite of such Court. 8. To duly, promptly and fully periwm, discharge, execute, effect, comptete, comply with a~d ablde by each and every the stipulations, agreements, conditans and covenants in uid promisswy note a~d this mortgage set fwth. - 9. That in the event the ownership of the mortgaged premises, or any pa» tFrsreof, becomes vested i~ a person other fhan the MORTGAGOR, the MORTGAGEE, its successors and assigns, may, without notice to the MORTGAOR, deal with such successor or successw in interest with reference to thi~ mortgage and the debt hereby secured in the same mannor as w~th Mortgagw without in any way vitiating or dixharging the Morrgagors' liabifity here- unde+-or-upon the debt hereby secured. No sale of the premises hereby mortgaged and no forbearance on the part of the 1AORTGAGEE or its successors or assigns and no eatension o4 the time for the payment of the` debt hereby secured given bp the MpRTGAGEf o~ its wccessors-oc assigns, a~iall operate to re!ease, d~xharge, modify change or affect fhe orig;r.a! liability of the MORTGAGOR herein, either in whole or in part. 10. It is specifically agreed thaf time is of the essence of this tontract and that no waiver of any obligation hereunder or of the obligation se- cured hereby shall at any time thereafter be held to be a waiver of the terms hereof or of the instrument secured herby. :i 11. In add~tio~ to the forego'ng monthly payments of princ'pal and interest required by the prom~ssory nore secured hereby, mortgagor covenants ~ and agrees to pay to mortgagee with each monthly payrnenf an add~rional sum estin,ated by mortgagee to be equal to l~`12 of the annual cost of the follow- ~ ing: ~ 1 A-All real property taxrs levie3 or assessed against the above described rra~ estate. B-Premiums o~ fire and windstorm insurance as herein requ~red to be carried on the improveme~ts situate on the above dascribed premises. C-Premiums o~ such me+tgage guaranty insurar.ce as morrgagee shail from t;me to tirne deem fit to tarry on the loan secured hereby_ Mortgagee sha!I from time to time notify mortgagor in writing of the amount due and payable hereundrr and such sum shall thereupon be d•,ie tnd payable on the due date of the next monthly payment and each successive month thereaftcr ur.til mortgagee sha~l not;fy mortgagor of a cha~ge Sn sucR amount. $uch sums shai! be applied by mortgagee toward the payment of real property taxes, insurance prem;ums, and morigage guaranty insurance premi~ms. ~ IN Y~IiNESS H~REOF, t said ORTGAGOR has hereunto set his hand a~d sea! the day a yea~ first a~esaid ' i ned. 5 a. ed ' WeKnce of: \ a~ 1 % . - . . ,:.~;r: s.•.. . - i - - t...~. ,;r~ _ . :•~=r!"'•,': Yl ; , SiATE OF FLORIDA ' ~ CouNrr OF St • Lucle ~ ~ ~e': .:y ~ : j- : V ~ ~ - ~ Befue me penonatt appcared = :n ` f,~ ` ~'~:1 C ' Char~otte A. Odoa ~ • ~~.~~a his wift, ta me wel) knov~ -tMi~• the individusls des~ribed in and who executed the for oing instrument, and acknowtedged before me that tF~ey exetuted . t(is~sa~~~ie:,py?~pi` there~n expressed. And the said Char~Ott@ A• ~(~QID 3.,..~ wife of ~he sa~d JOhri B• Odom~ Jz. ',,T upon a separe~e'~od private examination by me taken separate and apart f~om her said huaband, atknowledged to and before me 1ha1 she exetuled said instrumem freely and vo~un- tarily and without any compulsion, constraint, appre si~or fear of w from her said husband. ~ WITNESS my hanJ and official seal thi - day f A. D. 191Q- ary Public in and for the State of florids at targe Retum To: ~ MY Cvmm~ssion expires: First Federal Savings 3 loan Association ~ Of fort P~ert~. p~i1M.i~~~~~:yr u'..i~ti rir cLfl:..~`i~ !IT LAAaF f~~Y COb1h1i5510N EXPIKES NOV. 19~ 1812 Fort Pierce, Flcrida ~Qj~pEQ iNROUGM slt HD lti• a~[e7t4MO~s~ ~ F~LE~~aNO REGORDED~' ST. LUCIE COUNTY, FLA:' This Instrument Prepared By J. D. Chastatin R~CnRD VF~t~FIED First Federal Savings 8~ loan Association ~C~~pB~ af Fort Pierce~ FlOtida ~ Checked By ,c~ '70 APR 1 PM 2: 4 9 n . ~ s;O~~F 0!TR..S CLERK CIRCUIT COURT? cf 60RI( ~83 FAGE~8~' - . c - 5~ - . - - -