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Home My WebLink About1783 3. To place and conrinuously kcsp on ths buiid~ngs now a h~resfttr ~itv~te on said land and a+ sll eq~ipment and personally covered by this mor~g~ +gs, with all p~emiums thereo~ pa~d in full, (ire insur~nce in 1he usual standard pol~cy lorm, in a sum app~ ~ved by the MOR(GAGEE, and windstorm ins~rancs in the usual standard po~~cy fwm, in e ~um ~pproved by the MORTGAGEE, in tuch cwnpany or companies aa the MORTGAGEE m~y d~~ett; +nd all (:~a and windstorm insura~ce policies on any of said build~ngs, any inleresl therein or parl thereof, in the aggrege~e sum aforesaid o~ in excesf thereof, shall contain Ihe usual standa~d ma~gages clauss or such olher clause as the Matgagee may requ~re, making the loss under ta~d poit cies, each and every, payab~e to said MORiGAGEE as its intercit rt+ay appear, and cach and every auch policy ihall be promptly a~s gned and de~ivered to any held by said MOR(GAGEE as (u~tner saurity ~o said matyage debt, and, no~ less ~ha~ len (10) days in advance oi ~he expirat~on ot each policy, to de- liver ro.said MORTGAGEE a rcnewal thercof, to9ether with a receipt fw the pramium o( such renewal; and there shall be no i~re or windslam insuronce placed on any of said buildings, any interest Iherei~ or par~ thereo(, unless in the form and with the loss payable as aforesa~d; and in the event any tum of money becomes payable under such poliq w pol~cies said MORTGAGEE shali have the option to receive and apply ihe same on accoun~ of the indebted- neu ucured hereby o~ to pe~mit said MORTGAGORS to receive and use iT w any parl thereof for othcr purs:oses, ~viiho~t ~h~r~u~ wa~v~~~g o~ ~~»pair• ing any equity, I:en or r~ght under or by virtue of Ihis mortyage; and in the event sa~d MORTGAGORS sha11 for any reason fail to keep the sald premisei so insured, or fail to delivar promptly any of said policies of inau+ance fo said MORTGAGEE, or fail promptly to pay lully any pre~n~~m therefor or in a~y respect (ail fo perform, discharge, exetote, ef(ect, complele, comply wi~h and abide by this covenanl, w any par~ hereoF, said MORTGAGEE may place a~ pay ta such insurance or any part thereof wilhovl waiving o~ affeding any option, lien, equ~ty, a r'~ghf unde~ or by virtue of this Matgage, •nd tht full amount of each and every such payment shall be immediately due and payable and shall bear interesl irom tha da~e thereof until paid at the rate ot nine per centum per annum and to~ether with suth interest shall be secured by the lien of thii matgage. 1. To permit, commit o~ suffet no waste, impairment or deterioration of said property w any part thereof. S. To pay all and singular the costs, charges and exp.nses, includ~ng a reasonable at~aney i fee and costa of abstrads of title, incurred or paid at any time by said lNORiGAGEE, betaux a i~ tF+e eve~~ of the failure on the pan of the said MORTGAGOR to duly, Qranptly and futly perform, discharge, execute, elfed, complete, comply with a~d ab;de by each and every the stipulat~ons, agreements, conditions, and covenann oi said promissory note and thii :nortgage any or e~~her, and u~d costs, charges and eapenses, each and every, shall be immediatety dve and payable; whe~her w no~ there be no~lce de~ mand, anempt to coltect or suit pend~ng; and the full amouM of each and every such payment shall bear interes~ irom ~he date thereof umil paid ~1 the r~te oi nine per centum per annum; and all said costs, tharges and expenses inturred a paid, together with auth interes?, shall lx setured by ihe lien of lhis malgage. 6. T}wt (a) in the event of a~y breach of this Mortgage or de(ault o~ the part of the MORTGAGOR, or (b) in the event any cf sa~d sums of money herein rcferred to be not promptly and fully paid within th~rty (30) daya next afte? fhe same severally become d~e a~d payable, without demand or notice, t or (c) in the event each and every the stiputations, agreements, condifions and covenants of sa,d promissory ~ote arxl ~h~s mortgage any a either are no1 t ~uly, promptly and futly performed, d~scharged, executed, effec~ed, completed, compl~ed with and abided ~iy, then in e+ther or any such eveM the said ag ' gregate wm mentioned in said promissory note then remaining unpa~d, with interes~ accrued, and all moneys secured hereby, shall betome due and pay- ~ able iorthwith, a thereafter, at the option of said MORTGAGEE, as tully and completety as ii all of the sa~d sums of money were aiginally st~pulated ~ to be paid on such day, anything in said promissory note w in this Matgage to the conrrary nofwithstanding; and ~hereupon a thereafter af the option of said MORTGAGEE, without notice or demarid, suit at law w in equity, therefore a thereaiter begun, may be prosecuted as if sll moneys secured hereby had matured pr~w to its institution. Z 1 7. That in the event that at the begin~ing of or at any time pending any suit upon this Mortgage, a to fweclox it, or fo refwm it, or to eniwte i payment of any tlaims he~eunder, said MORTGAGEE shall apply to the Gou?t having jurisdiction thereof for the appointment of a Receiver, such Court shal{ ; forthwith appo~nt a receiver of said mortgaged prope~ty all and singular, includ~ng all and singular the intorrK, prolits, iuues and reve~ves from whatever i source dcvived, each and every of wh~ch, it being expressty understood, is hereby mortgaged as if speufically ut iath and deuribed i~ the g~anting and ; habendum clauses hereof, and such Receiver shall have all the txoad and effective funct~ons a~d powers in anywlse entrusted by a Cour1 to a Receiver, and ? such appointment shall be made by such Court as an admitted equity and a matter of absotute right to said MORTGAGEE, and without reference 1o the adequacy o? inadeq~aq ot the value of the p~oper~y mo+tgaged w to Ihe solvency a insolvency oi said MORiGAGOR w the defendants, and that such rents, profin, income, iuues and rev~nues shall be applied by such Receiver accwd~ng to thr lien or equity ot said MORTGAGEE and the practice of such Cour?. ' 8_ To duly, promptly and fully perform, dixharge, execute, e;fed, complete, comply wifh and abide by each and every the stipulations, agreemenri, conditions and covenanrs in u~d promissory note and this mortgage set fath_ 9. That in the event the ownership of the mortgaged premixs, o? any part thereof, becomes vested in a perso~ other than the MORTGAGOR, the MORTCzACzEE, its wccessas and assiyns, may, without notice to the MORTGAOR, deal with such successor or s~ccessor in iMerest with reference to this mortgage and the debt hereby secured in the same manner as with Mortgagor without in any way vitiating o? d~sxhargi~g-the Morlgagors' Iiabifily here- urx~er or upon the debf hereby sewred. No sale af the Fremises hereby mo~tgaged and no forbearance on the part oi the MORTGAGEE w its succeswn or aug~+s and no exte~s~on of the time fw the payment of the debt hereby secured given by the MORTGAGE~ or its successors or auigns, shall opnate to release, discharge, modify change w aifect the wiginal liability o( the MORTGAGOR herein, either in whole o? in part. 10_ It is specifically agreed that time is of the essence of this contract and that no waiver of a~y obligat~on hereunder w of the obligstion se- tured hereby shall at any time thereafter be held to be a waiver oi tFx terms hereof or of the instrumenl secured herby. 11. In add:tio~ to the forego:rx~ monthly payments of prin~ pal and interest required by the prom~ssory note secured hereby, mortgagor cove:wnts j and agrees to pay to mor?gagee with each mcnthly paymem an add~rional sum es~imated by mortgagee to be equal 10 1 j 12 of the annual cost of the follow- ' ing: i A-All real property taxes levied or assessed agaihst the above describrd real estate. ' B-Prcmi~ms on /ire and windstorm insurance as F~erein requ~red to be carried on the improvements situate on the above described premises_ C-Premiums on svch mortgage guaranty insurar~ce as mortgagee shall from t~me to time deem fit fo carry ort the loan secured hereby. Mortgagee shall from time to time notify mortgagor in writing of the amount due and payable hereunder and such sum shall ihereupon be due and t payable on the due date of the next monthty payment and each successive month thereafter ur,til mortgagee shall notify mortgagor of a change in such amount. .Such sums shall be appiied by mortgagee toward the payment of real property taxes, insurance prem:ums, and mortgage guaranty insurance II premiums• E IN WITNE55 WHEREOF, the sa~d MORTGAGOR hss hereunfo se1 his hand and seal the day and year first esa" . ; s~~ , s~.iea and d livere ~~LED AND RECOROED` ~ ~ T. LUCIE COUNTY. FLA. +n ~ ~Z~.•Cr,n V~RiF1FD _ ,n ~ ; ~ 19341: t ~ ~ r '70 M~1Y ! 5 AM 10 ~ I ~ ~ SiATE OF FLORIDA ~ St Luc ie ~ -~~IC'~~ couNn oF Bef«e me penonally ~~a.~a Franefl ft e~fh6qlTr~~S 0 ~Ua211~~ e~~ his wife, to me well known and known to me to be ~ the individuats described in and who exetuted the foregoirg instrument, and xknowledged before me that they executed the same fw tF~e purposes tkerein expressed. And the wid Juanita Z~i83/ RO~,'OZ].T10 ~ w~fe of the ssid rraneo Rogolino upon a separate and privde ~ examination by me take~ xparale and apart ftom her said hUSband, atknowledged to and before me that she executed said instrument freely and voiurr tarily and without any compuls'wn, constraint, apprefiension p fesr of d from her said husband. ~ ~d W{TNESS my hand and official seal this day of MaV A. D. 19 ~ s K 4 tary Pubtic in and ~w tFx State of Florida at larye ~ ' y My Commission expires: g Return To: •~++ti6^'~' NOTAR/ PUSUC, STATE OF FlOR10A AT LARCE ~ fint Federsl Savings 3 loan Associat~on •'`r ~ ~'''s MY COMMISSION EXPIRES SEPT. ?3, 1973 ~ BOMDED iHRU fRED W. DIESTELNORSp ~ Of Fort Pferce. • _ : ~ Fort Pierce, flwida ~ ~ = ~ ` ; . t~ ~J ; C". a: _ _ ~ _ .:.i - ~ ; = i ~ • _ . • : . ~ _ _ ~ . ~ This Instrument Prepared By ~ohn W. Co11 S,~s J, ~ ~ s ,3~ • 2 , ' I ' First Federal Savings 8~ Loan Association ~~r.;~~~~~.~;.. 4 of Fort Pierce ~ Florida ? - BooK~.84 PacE17~0 ' f pa ~ _ ~ ~ - ~ ~ - ; ;P: ~ _ -