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Home My WebLink About2624 ~ / r i i ~~t. 3. To piac~ and co~tinuou~ly keep on ths build~n~i now o~ F»r~aftK utuat~ on sa~d land and on alt cquipment ~nd ptrionslly tove~sd by thi~ mwtQ~ p~, with ~II premi~ms thc~eon pa~d in fvll, fi~e iruur~nc~ in the usual ~~andsrd policy form, in a ium approvtd by ~he MO~tiGAGEE, +nd windstum fnsur~~c~ (n ths vsu~l standard pol~cy fam, in a sum ~pproved by tM MORTGAGEE, In ~uch compa~y or companies as tM MORTGAGEE may direc~s and all (in ~nd w~nds~orm insurance polic~es on ~ny oi sa~d build~nps, ~~y in~ereit ~herein or part therrrof, in ~he a~grepa~~ wm afaeiaid o~ M ~xceu the~eof, sMll contain ths ui~al sund~rd mortgs~ clws~ or s~ch aF~ clauss as the Mor~9agee may raqu~~~. mawinp tM Iws undsr ia~d polF cies, each and every. paYabk ro s~id MORTGAGEE as its in~erest maY ~ppear. and cach a+d eve~y tuch poiicy shall be p~omptly ~ss.~ned a~ d~:ivered to any Mld by said MORiGAGEE ss (urlhe~ iecurity to said mat9age debt, ~nd, not leu tMn ten (10) days in advance of the expiration ol e~ch policy, to da livs~ to said MORTGAGEE ~ renewal thereof, ~oqe~Mr witA a ~eceipt for the premium of svcF? renewalr ai+d ~fiere shall be no fire o+ wind~tam inaur~nc~ ~ pl+ced on any of said buildings, any intereit ther~in a pa~t thereof, unleu ie the fo~m and with tlw lou payable as aforesaid; and in tM ~v~n1 ~ny sum ! of mo~ey becomes payable under iuch poliq w pol~cies iaid MORiGAGEE shall have the option ro raceive and apply the ~ame a+ accounl of the Indsbted- neis sccured 1+e?eby o? ro permit said MORTGAGORS to receivs and uu it a any part fhereof fw othe~ purposrs, w~~ho~f ~ha~ebt wai~i~r~ w~mpair- inp any equity, lie~ w ri9ht under or by virtue of this mortysge; and i~ ths went said MORTGAGORS shsll fw any reason fai) to keep the satd pre~uses io {nsured, or fail to detivr promptly +ny of said policies of ins~rance to said MORTGAGEE, or fail prompfly to pay fully +ny prem~um therefw a Fn any retpect fail to periwm, d~scharge, e~cecute, effact, complete, comply with and abids by this covenant, a any part hereof, said MORTGAGEE may p1~ce and pay fw svch i~surance w any part thereof withart waivinp or affectinp any option, lien, eq~ity, or rigM u~der a by virtut of this Mwlga9e, and the full arnounl of each and every such payment ihall be immediately due and pay+bls and sha11 bear interes~ from the date the~eof until paid a~ tM rat~ ol nine per centum pet annum and together with iuth interest shall be secured by tM IiM of thls mortg~ge. ~ 1. To permit, commit a sufie~ no wute, impa'ument a deterioretan of said ptoperty w ~ny put t}?ereof. + i S. To pay all and sinpul~r the cosri, cha?yes ~nd expenus, inc~uding a reaaa+abk anorney i fee and costs of abstracts of title, incurred o~ p~id at ; a~y time by wi~ MORTGAGEE, because or io the event of the failure on the pah of tM ssid MORTGAGOR to duly, promptly and fully perfoim, discharge. execute, effsct, complete, comply with and ab~de by each +nd every the stipulations, agreements, conditiau, and covenants oi said promi:sory note and thi~ ; mortgage any or ei~her. and se~d cosn, charyes ar~d expd+xs, esch and every, ihall be ~mmediately due and payable: whether or not there be notice d~ ; mand, sttempt ro colfed or wit pend~ng; ~nd tM full amovm of each and erery such payment shalt bea. interest from the date thereof until p~id at 1M ~ rate of nine per ce~tum per aruium; a~d all said costs, tharges end exprnses incurred w paid, togNher w~~h such interest, sMll be secured by the lien of this ! mort~ay~. { 6. T}ut (a) in the event of any breach of this Matga9e or def~ult a+ tM part of the MORTGAGOR, w(b) in the eve~t any of said s:ims of money ; herein referred to be not promptly and fully psid within thirty (30) days next after the same uveratly bctome due and payaole, witFq~1 demand w notits, ~ w(c) in tfie eveM each snd every the stipulations, agreementt, conditans a~d covenants of ta~d promissory note and Ih~s morlgsge any w either are no1 ~uly, promptly and fully pe~lwmed, d~uharged, executed, effected, compkted, complied with a~ abided by, then in either or any such event tM aid ~regate sum mentioned in said promiuory note then remaining unpaid, with iNeresl actrued, and all moneys xcured heroby, shall betome dw and p~y~ abie forthwith, or thereafter, at the option of wid MORTGAGEE, as fully snd comple~ely as if ell of the sa~d aums of money were wiginelly stiputeted to be paid on such day, anythirg in said promissory note or in this Nbrtyage to the contr+?y ~otwithalanding; and tF?ereupon or thereaita st the option of said MORTGAGEE, without notite or demand, suit at law p in equity, therefore or thereafter begun, may be prosecuted as if all moneys ~ecured lxreby had matured pnor to ib institutio~. 7. That in the eve~t that at the beginning of or ~t any time pendi~g any wif ~pa~ this Mortgage, w to foreclose it, or to refwm it, or to enfora paymero of any claims hereunder, said MORTGAGEE shall apply ro the Court having jurisd~ction ~hereof iw the eppointment of e Receiver, such Court sh+~ll fwthwith appoint a receiver of said mortysged prooerty all and si~ulsr, intlud~ng all and s~ngular 1he income, profits, iuues and revenves from whatever wurce clrrived, each and every of whKh, it beiny expressly understood, is hereby mor~gaged as if spec~fiully set fath and dewibed in the yranting and habendvm clavses hereof, end such Receiver shalt have all the broad and effective funct~ons and powers in anywise entrusted by a Court 1o a Receiver, ~nd wch appointment shall be made by such Court ~s an admitted equity and s matte~ of ebsolute right ro ssid MORTGAGEE, and wi~hout reference ro tM ~ adequacy w inadeq~acy of the val~e of the property mor~gaged w to the solve~cy w insolvency of taid MORTGAGOR a the defendants, and that iuch ~ rents, profin, incwne, iuues and revmues shall be applied by fUCFI RlCQIVN ~ccwding to the lien or eqvity of wid MORTGAGEE and the practica of such ~ r.Ol/?/. ~ 8. To duly, promptly ~nd fvlly p~?form, diuharge, execute, effect, complete, comply with ~nd abide by each and evny the stipulatiflns, sgreements, ~ conditions snd covenants in uid promissory note and this mwtgage set fw~h. 1 9. Thet in the event the ownership of the mortgaged premises, a ariy patt thereof, beoomd vested G? a persa? other than the NIORTGAGOR, the i MORTGAGEE, its successws and assgns, may, without notice to the MORTGAOR, deal wi~h such sutcessor a successor in inte~est with reference to this i mwtgage and the debt hereby sec~red in the same manner as with Mortgagw without in any way vitiating or discharging the Ahortgagors' liability hera- i under or upon the debt hereby secured. No u~e of the Fremixs hereby mwtgaged end ~o fwbesrance on the part of the MORTGAGEE or iti successon ~ p assigm and no exte~sion of the time for the psyment of the debt hereby secured yiven by the MORTGAGEf or its successws w e~ssigns, sMll operat~ ro release, discharge, modify change o~ affect the wiginal IiabJ~ty of the MORTGAGOR herein, eith~r in whok or in psrt. z 10. It is specificatly agreed that time is of tF~e essence of this contract and that no ws'rver of any obliga!~or? hereunder or of ths oblig+Yan sc ~ cured hereby sfiall at any time thercafter be held to be a waiver of the terms hereof or of the instrumeM secu~ed herby. 4 11_ In add~tion to the forego:ng momhly payments of prin~ pal and interesf required by the promiuory note secured hcreby, mortgagor covenants ` and agrees to pay to mortgagee with each mo~thly payment an add~tional sum estima~ed by mortgagee to be equal to 1/ 12 of the annual cost of the follow- ` ing: A-All real property tazes kv~ed w assessed against the above described real estate. B-Aremiums on fire and windstorm insurance as herein requ~red to be carried on the improvements sitvate on the above described premises. '4 C-Premiums on such mortgage guaranty insurance as mortgagee shall irom time to time deem fit to carry on the loan secured hereby. I !:.:.:y:.~ee zha!! from ti:c:r !c !i.^~ ^.^~:s; wr:*v ~ 04 ~1,. .1~.. a.~! ~,ayable hereunder and :uch sum shall thcreupon be due and payable on the due date of the next monthly payment and each suctessive month thereaiter urtil mortgagee shall ratify mwtgagor of a thange in tuch amount. Such sums shaH be apptied by mortgagee towa~d the p+yment of real properry taxes, insurance prem:ums, and mortgage guarsnty inwrance premiums. IN WITNE55 WHEREOF. 1he said MORTGAGOR has hcreumo sef his hand and seal the day ard ear first aforessid. igned, Se and de' in of: T ~LUCIE COUN ~~LA. ~w K N, - ~ ry ~~coRO vERiF~~o 1939~9 '10 JUN ! AN 9: 0 "'n ' ~ STATE OF FLORIDA J~i • Ll1C ~A # ~ ~ ~ ~ COUrm OF RO'' R~O TR Before me personatly appeared ZdI'@C~ Sti118I'ti his wife, ro me well known a~d known to me to b~ ~ the Individwb described in and wfio executed the fwe9oirg instrum~nt, and acknowkdped b~fore me that they executed tl+e same fa the pwposes rF~erein expressed. And the said ~ldl'6d $'ti118I'ti P~llard B. Stuart. Jr. ! wife of the said upon a sep~rate ~~d priv~t~ ~ examination by me taken ieparate snd apart from F~er s~id husb~nd, scknowk~dged 1o snd befwe me thst sFa executed said instrument froely and voluo- ~ tarily and witnout any compulsion, constrai~t, ~ppreFronsiqq~or ftar of or from her said husbond. WITNESS my hand and official seal this ~G- 9« day of A. 0. 19~_~ i Notuy Pu in snd ior the 5 ta of Flwida at l~r~ My ion expires: ~ ` ~9 7 / Retum Ta - Fint Fedeul Savengs 3 loan Associatian ~ ' ' Of Fort Pferce. ,~r~, . '.~;1~( Pi;7iK. StBk 0~ ~Otitj! it ~ Fort Pierce. Florida ,:>Jy`' : itiY t~u`:7iS1l8ii EJ(pira Aay. 6. ~9~ - _ .C~ • ~ .~..n ti, n..~... F~.4~le~ !ir - -'3 ! ~ j This Instrument Prepared By J. D. Ch8st8~i " p j L:1. ~ First Fede~a) Sav~g~ b loan Association : A : : ~ of Fort Pierce p'loMda ~~.t?;•• ` ` Q. ~ : = . s ~ - ~ ~ r Checked By ~ ' 0 R ~i ~,?;~i~, eoox~.84 P~~~i~ . . - ~ ; e. ~ ~ - ~Y_ e _ _ ~ - _ ~ . ~ . ~ h~~~