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Home My WebLink About2315 3. To place and continuously keep on the buildings now u he~aaft~r situa?s on ssid land and on all eq~ipment +nd pcrson~lly covered by thit mortg~ ~ge, with all prem~ums thercon pa~d in iutl, fire ~nsur~nce in the usual standard policy fwm, in a sum approved by the MOR(GAGEE, and winda~am insurance in Ihe u~ual s~andard pol~cy !o~m, in + sum .pproved by the MORTGAGEE, in s~rth company w companies as the MORTGAGEE m~y d?rcd; and all fire and windstorm insurance policies on any of said build~nps, any intere~t therein or part thereof, in the aggie9ate sum aiaeuid o~ in excess lhcreof, shall contain the usual srandard mortgagee dause w such other dauss aa the Mwtgagee may reqv~re, maAing the loss under sa~d poli- cief, each snd every, payable to said MORTGAGEE as its interest may appear, and eacfi and every svth poticy shall be promptly ass gned and detivered ~o ~ny held by said MORiGAGEE as iur~her security to ssid mortgage debt, and, not leu tha~ ten i10) dsys in advar.ce of the expirat~on of each poGq, fo da ~ live~ to said MORTGAGEE a renewat ihereof, together with a receipt fw the premium of such ranewal; and ~here shafl be no f~re o~ winds~o~m insurance placed on any of sa~d buildings, any interest thcrein or part thereof, unfeu irt the form and wi~h ~he loss payable as atoresaid; and in the event any sum of money bccares payabte under such policy or pol+cies uid MORTGAGEE shall Mave the option to rete~ve and apply Ihe same on account of Ihe indebted- ness secured hereby w to permit said MORTGAGORS to roceive •nd use if w any part thereof fw o:her pwµcsrs, ~vnhout th:~cb/ waw+_~3 0~ unpa~~- i~g any equity, ~ien w right u~der or by virtue of this mo:!gage; and in the event said MORTGAGOR$ shall ia any reawn fail to keep the said p~emises so insured, w fail ro deliver promptly any of said policies of inaurance to said MORTGAGEE, oi fail promptly to pay iulty any premium therefor w in a~y respect fail ro pe+form, discharge, execute, effect, complete, comply with and abide by this cove~ant, o~ any part hereof, said MORTGAGEE may place s~+d pay for ~uth insurance ot any part thertof without waiving w affecting any option, lien, equity, or right under a by virtue of this N.atgage, and the full amount of each and every such payment sha~l be immediately due and payabte a~d shalt bes? i~te?es~ f~om tha date thereoi until paid at ~he rate ol nine per centum prr annum and to~eiher vvith such interest shali be secured by the lien of this mwtgage. 1. To pe~mie, cornmit or suffer no waste, impairment or deterioration of said property w a~y pa~~ ~hareof. 5. To pay all and singular the cwts, charges and expense~, including a reasonable aftorney i fee and costs of abstracts of title, incu~red or paid at any time by sa~d MORTGAGfE, betause o~ in the event of the failure on the part of the said MORiGAGOR to duly, pra~nptly and fu~~y pe~(wm, d~scharge, execute, effeu, complete, ca++p~y w~th and ab;de by each and every the stipulanons, agreements, conditions, and coveoams of sa~d prom~sswy ~ote end thi~ mortgage any or e~~her, and sa~d costs, charges and expcnses, each and eve?y, shall be immediately due and payabte; whe~her a not there be no~ice dr mand, attempt to collect or suit pend~ng; and the full amount of each and every such payment shall bear interent from the date thereot until paid al Ihe rate of nine per centum per a~~~~um; and all said costs, charges and expenses incurred w paid, together w~th such interest, shall be secured by the lien oi this mortgage. _ . 6. TF+at (a) in the event of any breach of this Mortgage or default on the part of the MORTGAGOR, a(b) in the event sny of sa:d sums of money herein refcrred to be not promptly and fully paid within th~rty l30) days next after the same seve~ally become due and payeble, without demand or notite. or (c) in the event each and every the stipulations, agreeme~ts, conditions and covenants of sa;d promissory note a~~d th~s mortgage any a e~ther are not ~uly, promptly and iully performed, d~scharged, ex~cuted, effected, completed, complied with and abided Sy, then in e:ther a any such event the said ag gregate sum mentioned in said promisswy note thzn remaining unpaid, wilh interest accrued, and all moneys setured hereby, shall become due and pay- able forfhwith, w thereafrer, at the option of said MORTGAGEE, as (ully and completely as if all of the said sums of mone/ were a~ginally stepulated to be pa~d on such d~y, anything in sa:d prem~ssory note or in this Mortgage to the tontrary notwi~hstandu~g; and therevpon w thereafter a~ the opuon of said MORTGAGEE, without notice or demand, suit at law or in equity, therefwe or therea(ter begun, may be prosecuted as if all moneys secured hereby had matured pr~or to its insutution. 7. That in the event rhat at the beginning of or at aoy time pending any su~t upon this Mortgage, w to iweclose it, or to refwm it, or to enforce payment of any claims hereunder, said MORTGAGEE thall apply to the Court having jurisdiction thereof for the appo~ntment of a Rr.eiver, such Court shall Fwthwith appoinl a~rceiver ef said mortgaged p~ooe~ty all and singular, includ~r~ all and singular the income, profits, issues and reve~uea f~om whateve~ source derived, each and every of wh~ch, it being exptessly u~derstood, is hereby mor~gaged as if spetitically set (wth and destribed in the granting and habendum clauses hereof, and such Receiver shall have all ~he brosd and effective funcno~s and powers in anyw~se entruated by a Court to a Receiver, and such appointmc~~t shaN be made by such Court as a~ admitted equity and a matter of absolute right to said MORTGAGEE, and without reference to the adequacy w inadEquacy ot the value of the property mwtgaged or to the solvertry or insolvency of said MORTGAGOR a the defendants, and that such rents, profits, income, iuues and reve~ues shall be applied by such Receiver according to the I~en or equity of uid MORTGAGEE and the pradice of such CouA. 8. To duly, promptly and fully perform, diuharge, executr, effect, camplete, comply with a~d abide by each and every the st~pulations, agreements, conditans and covenants in sa~d promissory note and thia mertgage set forth. 9_ That in the evenf the ov.. ersfiip of the mortgaged premises, or any part thereof, becomes vested in a person othe? than the MORTGAGOR, fM MORTGAGEE, its successors and assigns, may, without notice to the MORTGAOR, deal with such succeuw or successor in interest with referencs to this mortgage and the debt hereby secured in the same manner as with Mortgsgw without in any way• vit~ating or discharging the Mortgagors' liability herr unde~ w upo~ ihe debt he~eby secured. No sale of the Fremises hereby mortgaged and no forbearance on the part o) ~he MORiGAGEE or its successors or assigns and no extens~on of the t;me ior the payment of the debt hereby secured given by the MORTGAGE'_ or its successors or ass~gns, shall operate to release, d~scharge, mod~fy change or atfect the original liab~lity of the MORTGAGOR Fxrein, eithe? in whole or in part. 10. It is specificafly agreed that time is of the esunce of this co~tract and that no waiver of any obligation hereunder or of the obligation se- ~ cvred hereby shall at any lime thereafter be held to be s waiver of the terms hereof or of the instrument secured herby. ' 11. In add~t~o~ to the for o:~ monthl a ments of ri~c al and iMerest re vired b the romissor note secured hereb mort a or covenants # e9 9 YPY P P 4 Y P Y Y. 99 and agrees to pay to mo:tgagee with each monrhly payrnent an add~rional sum estimated by mortgagee to be egual to 1!12 of the annual cost of the follow- i~g: A-All rea~ property taxes levied or assessed against the above descri~d real estate. ~I B-Fren,~ums on fi.e and windstorm insurance as herein requ~red ro be carried on the improvtme~ts situate on the above destribed premeses. C-Prerniums o~ such mortgage guaranty i~surance as mortgagee shall irom time to time deem fit te carry on the ban secured hereby_ Atiortgagee sha!I from timc ro time notify mortgagor in writing of the amount due and payable hereundrr and such sum shafl thereupon be due and payable on the due date af the next monthly payment and each successive month thereafter urtil mo:tgagee shall notify mortgagor of a change in such amount. Such su~ns sF.a:l be app:ied by mo~tgagee toward the payment of real property taxes, insurante prem:ums, and mwtgage guaranty insurance premiums_ IN YJITNESS V~HEREOF, the said ORiGAGOR has hereunto set his hand and seal the day and year first aforesaid. • "~a, s~a~`d e - ` • ~r~ ~.°'e~° °f: FILEO AND RECORDED ' ST. LUCIE COUNTY. F~A. ~ • ::Y C7~'^ 'ti~EC2l~'~D +4 ` 193~~3 n ~s~ STATE OF FLORIDA 'TO tdAY 22 PM St. Lucie ~ ~~,c, couNrY oF Befwe me personally appeared phili NOl'I'3.$ tt~~'~t :''~iTf~ S and Afltl@ I~02'T~3 C LE R K C I R C U 1 • h~s w~fe, to me we11 krrown a~,d krawn to rrK to be Ihe individusls described in and who exec~ted the foregang instrument, and etknowledged before me thas they executed the same fw the purposes therein expressed. And the said ~ne Norris wife of the wid Phflip Norris upon a uparate and private e:am~nat~on by me taken ceparate and apart from her said husband, acknowledged to and before me tfiat she executed said instrumeM freely and volurr rarily and w~thout any compulsion, constraint, apprehension, w fear of or from ner wid husband. WITNESS my hand and official seal this ~CL day of A. D. 19~~ ' ' 'J ~.f~~fy.- Nmary Public in and for the te of Florids at lsrpe _ ~ `..~.e.. Y _ . _ ~ ~ '~r - My Comm~uion expires: ~ ` T• .~~~~!i~. ('~OuIY ~s ~ 0~ ~011~ ~ _ ~?~,:~~.~,..~,a,,o~ ?S 1911 - - _ , tcmr~.sioa Expees sept. . _ 'R ri 3 ~ a = r w.ae ~i ~ir~tw a ~ci._.4ie sr- ~irt~cl,- F~ior~r . - ' . , . . r e+ • ~ ` . .~t=.VY~•„~~~5 ~ . ' • ••sr - ~ ~ t - • c-- ;w',~S'~}"~•C~~3~~ This In~ttim'tent Prepared By RiChBTd K. K~yes ' First Federal Savings 8 Loen Association : of Fort Pierce ~ 1~1o1'ida ~ ~ $o~ ~8~ ~A~23~~ ` Checked By . ! pa - Yi A: ~ _ _ . _ _ _ .i .~3..Y . _ _ ' . . . . . _ . . __~'.Z+_.,