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Home My WebLink About0721 3. To p~ace and ccotinvousiy lceep as the bui'd~ng~ now w haesftea utuate on sa~d lend and on ail equipmen~ and peraonally covered by thit mat9- ~ge, with all prem~urns thereon pa:d in i~ll, fire insurante in the v~uei s~andard po~~cy form, in a sum approred by the MORTGAGEE, and windstam insurance in ihe ue~al s~andard po:.cy fam, i~ a sum approved by the MORIGAGEE, in such company or compan~es as the :NORiGAGEE may direcr; and all fere and w;rulstorm insurance pol~c;es on any of sa~d bu~id~ngs, any interes~ the~ein o~ part thereof, in ~he aggre9a+e sum ~foresa~d or in eacess thereof, shall contain ~he usual s~andard ma~gagee clause o~ such other clause as the Mortgagee may requ,~e, making rha lass under sa~d pol'r cies, each and every, payabte to satd MORTGAGEf as ~~s ;nrerest may appear, and each and every such po:~cy sF~all be p~omptly aas gned and del~vered ~o any held 6y said MORIGAGEE as iurther security to ssid mongage debr, and, not less ttwn ten (101 d~yi in advance of ~he erp~rarion of each poficy, to da live~ t0 said MORiGAGfE a taiewal thereof, togethe~ with ~ rece~pt Fo~ the pr~mium Of svch renew.~f; and there shall be no f~re or windstorm insurante placed on any of said bui!d~ngs, any interest there~n w part thereof, unfess in the form and w~th Ihe loss payable as aforesaid; and in the evenl any sum of money becomes payabte under suc6 policy o~ pol~cies said MORTGAGEE shall have ~he opNon to receive and app!y the sarne on actount of the i~debrad- oeis secured hereby w to permit sa~d MORTGAGORS to receive arrJ ux it or any part the:eaf ior o:ii~•r pur,.wes, w~~r.~ut ~h,.~u~ wei+~ ~3 v~ ~n,pair- ing any eq~~ty, lie~ or right under or by virtue of this mo:•9age; and in Ihe event ta.d MORTGAGORS ihall for eny reason fail to keep the said premiszs so insured, ot fail to del:ver promptly any of aaid pol~ties of insurance to sa~d MORTGAGEE, o~ i~~! promptly to pay iuily ony premium therefor or in a~y respecf fail fo pe.(am, d~scharge, execute, effect, complete, comply with and abide by this covenanl, or any part hareof, said MGRTGAGEE may place and pay fa suth insurance w any pa~t ~her~of w~thoul waiving or affecting sny option, lien, equ~ty, w righ? under ot by virrue of thi: Mwtgaga, and tht fult amount of each and e.ery such payment sFwll be ~m.med~ately due and payable and shall bear interest irom the date thereof uniil pa~d at the rate oi nine per centum per a~num and to~e~her .vith such interest shaii be srcu~ed by the lien of this mortgage. 1. To petmit, tommil w suffer no vrasle, impairment w deteraration of said property or any part thereof. S. To pay a!I and :ingular the costs, charges and l7c~1~il3, inctuding a reasonable at~orney's fee and cos~s of abstracfs of Ntle, incurred or paid at any t~me 6y sa~d MORIGAGEf, becaux u in fhe event of ~he Fa~lure on ~he part of the said MORTGAGOR to duty, pro~~pely and fully perform, d~xharge, execute, efiect, complete, comply wah and ab:de by each and every the stipu~a~~ons, agiermrnts, cond~tions, and coveeants of sa~d promfssory nore and th~s mortqage any o~ e~ther, and sa:d costs, charges and exFenses, each and eve~y, shall be immed~atety due and payable; whether or not there be notice dt mand, attempt to collect w suit pend~ng; and tF.e full amo~nt of each and every such paymem shalf bea. interes~ from ~he date thereof until paid at the ¦ate o+ n~ne per crntum par anu~:n; arx; all wid cos~s. charges and ex;.enses ~ncurred w paid, togrther wnh svth interest, shall be secured by the lien of this morrgage. 6. Tha1 (a) in the event of any breach oi this Nbrtgage w default on tF~ part of the MORTGAGOR, or ;b) in the event any of sa:d sums of money here~n refe~rrd to bc no~ promptty and futly paid with~n th:rty (30) days ne,t aft•_r the sa~ne severa'iy beco•ne due and payabte, wiihovt demand or notice, or (c) en thr even~ each and every the st.p~r:arions, agreements, cond~nor,s and covenants of sa.d prumissory no~e and th~s mortgage a~y or either are no1 ~uly, promptly and fully perfamed, d:stharged, exec~ted, effeded, compteted, compi~ed wiih and ab~ded Sy, then in e~ther or any such event Ihe said ag gregate sum mentioned in said promissory note then rema~ning unpa~d, with interest acp ued, and a~l moneys secured i:ereby, shall become due and pay- able forihweth, w ~hereafte•, at the opt~on of said MORTGAGEE, as iully ard comple~Fly as if atl ot the said surns of money were or;ginat~y stipuiated fo be pa~d on wch day, anything in sa:d promisswy note or in thn Mortgagr to the conrrary not ~lrhsrandu~g; and thereupon or thereafter at the option of sa+d MORTGAGFF, w~~hout nor~ce w demand, suit at law or in equ:ty, therefwe or thereafter bcgun, may be prosecuted as if a11 moneys secured h~veby had matured pr~w to ns institut~on_ 7. That in the event that at the begin~tng of ot at any time pe~ding any suit u~on this Mortgage, or to fweclose if, or to refo~m if, or to enforce payment of a~y cl~;ms hereundei, said MORTGAGFE shal~ apply to the Covrt having ~uris~:cfioa fhereof for fhe appo~~tment of a Receiver, such Court shall forthwifh appolnt a rece~ver of sa3d mortgaged prooerty all and singuiar, inctud.ng a!1 and s~ngu~ar ~he income, p~ofits, issues and revenues from whatever tou~te derived, each and every of wh:~h, it beir~g expressty undenrood, is hereby mortgaged as ~i snec~ficaL'y set forth and deuribed in tlx granring and habendum clauses hereof, arcd such Receiver shall have ail the broad and efiecnve funcl.or.s and po..ers in anyw~se ent~usted by a Court to a Receiver, and such appointme.v sha11 be made by such Court as an admitted equity and a matter of absolute right to said MORTGAGEE, and without reference to the adequacy o~ i~adequacy of the ralue o~ the p~operry mortgaged or to the so:vency or ~nsolvency of sa~d N.ORiGAGOR w the defendants, and that such rents, piuf~n. income, issues and reven~es shatl be app{ied by such Receiver accord~ng to the Iien w equity of sa~d h10RTGAGEE and ihe practice of such Court. 8. To dv1y, prompNy and fulty perform, dixharge, execute, effect, comptete, comply with and abide by each and every the stipulations, agreements, conditions and covenants in sa~d promisswy note and this mortgage set forth_ 9. That in the event the ovrnersh~p of the mortgaged premises, or any part thereof, betomes vested in a,~erson other than the MORTGAGOR, the MORTGAGEE, its svccessws and ass~gns, may, wirhout notice to the MORTGAOR, deal with such successw or s~ccessor in interest wiih ?eference to this mortgage and thz d~of hereby secured in the same manner as with Mortgagor withOUr in any way vihating or d~scha~ging the Mortgagors' liability here- under or upon the deb~ hereby secured_ No wte of the Fremises hereby mortgaged and no fo-beara~ce on the pan of the IAORiGAGEE w its sutcessors oa assigns and no exte~s~o~ of the time fw the paymertt of the debt h~reby secured g~ven by the MORTGAGEE or its successas or au~gns, a;iall operate Io reiease, d~uharge, modify change or affett the orig~nal liability of the MORTGAGOR nerein, either in whole or in part. 10. It is spec:f~caNy aoreed that t~me is of tix essence of ihia contract and that no waiver of any obt~gar~on herevnder or of the obtigation se- cured hereby sha:t at any lime thereaftet be held to be a waiver of the terms hereoi or of the instrument setured herby_ 11. In a3d-Tie~ to the fwego ng mor.th!y paym:nts of pri~c'pal and interest requ~red by the prom~ssory no!e secured hereb~, mortgagor covenants and agr~es to pay to mo-tgagee v,,~th each rronthly payr.;ent an add~rional sum es!::~~ated by mortgagee to be equal to 1,' 12 of the annual cost of the follow- 'ng: A-All ~Eat property taars levie~ or assess~d agai~st the above described real esrate. B-P7~T.~J•'IS o~ f~re and windstorm ~nsurarce as here~n requ:red to be carried on the im,~roveme~ts situate on the above described premises. C-Premiums on such mo+tg,ge guaranty ir.surar~ce as mortgagee shail from t me to t~me deem fit to carry on the foan secured hereby. Mortgag<e s~.`i f~c*n time to rime not~iy mortgagor in wr~t~ng of the amoum due and payable hereunder and such som shall thereupon be due and payable on tt~ d,~e nare oi the next monthiy payment and each successive month thereait~r untit rr.ortgagee shall not~fy mortgagor of a change in such amount. $uch s~:rs 5~`a.~ be app:icd by mwtgagee toward the payment'of real property taxes, inwra~ce prem:ums, and mortgage guaranty inturance p~em+ums. IN YlITNE~S L~H~R~JF, tne uid ORTGAGOR has hereunto set his hand and seal the day and year first aforesaid_ Si . Sealed and det~v ed i the p~esence of: _ J , ? ap (Seal) ~Sea4 ~Seal) STATE OF fLOR10A ~ couNn oF S t. L uc ie 1 Befwe me perso~allY appeared E C~1N 1 il S. C a S!14~ 21 Z Pai ric3 a Cashccel2 his wife, to me wefl known and fcnown fo me fo be ' the individuafs described in and who executed the foregoing instrument, and atknowiedged before me that they exauted the same {or the purposes rtk.~~~ ~xP.e:sed_ find rhe u;a P at r ic i a C as hwe 11 . - _x . wife of the sa;d Edwin S. Cashwell -..~q.~~~,,~~r~fe and privste examinaz~on by me taken separate and apart from her said husbanti, acknowledged to and before me that she executed aii~(~1}y;(rweteq~ ~tf~ and vol~o- fsrily and walw~rt any compuis:on, consrraint, apprehen.s~on, ~fear of ot from F~er said husband. ``~~;~~iN .~~~%vv'~.,~~~ WlTNESS my hand and offic;al seal this day of April ,•'~i~ •~,,~C~'-19 7O ~~0~ • ' - Notary Public in and fw tbei.~i;fs. ~e~f{p~j, aw~r~e. ex uex - ~ N D = j`- ~ e~f~.~ ~o: . FI~EO A • P . F;.~~ F~.,i sa„~~~ a i~~ Assodat~on - $T. LUCIE COUNTY.'FLA.' y~._ tL.; Of Fort P.erce- qF'C~Ry,C~~~~~ ..R t.' ~ fort Pie~ce. Florida ~'~i,~`~,`''• .•~J ~ •IO APR 27 PM 2: 42 ea-r?~•~-~ ~.+~-~-p- This Instrument Prepared By ?.:char:: i:. Y.ayes •-~~G ~ ~a '~"7/ First Federal Savings 8~ Loan Association of Fort Pierce, Floricia ;;pVc~ c01TR S , CLERK CIRCUIT COURT} Checked 8y ~ BOOK~~~ PAGE . - : ~ ~,u . , . _ . : :