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Home My WebLink About2318 3. To plate and conlinuously keep on the bui!dings now or he~eatte~ tiluate on said !and and on alt equlpment and penonally covrred by this mortg- ags, with all premiums thereon pa~d in full, fire insurance in the usual standard policy form, in s sum apNroved by the MORtGAGEE, and windsto~m insurante in fhe usual standr~d pol,cy lorm, in a sum approved by tha MORTGAGEE, in such company o~ compan~es as the M02TGAGEE may direct; and all l+rs and windstorm insurance policies on any oi said build:ngs, any inferest therein or part thereof, in the aggregate surn afo~esaid o. + in excesi thereof, shall contain the usual s~andard morrgagee clause or wch other clause as the Mortgagea may requ~~e, making ~he toss u~.dr~ aa~d poli. cie~, each and every, payable to said MORTGAGEE as its inte~est may appear, and each and every such poi~cy shall be p~ompUy ass.g~ed and delivered to any held by sa~d MORTGAGfE as further security to said morlgage debt, arM, not tess lhan ten (10) days in udvance of the expirat~on o~ aach policy, Lo do- I+ver to said MORTGAGEE a renewal thereof, logether with a reteipt {ot the p~emium oi such renewal; and there shall be ~o f~re or wu~dsror,n insurance placcd on any of sa~d b~ildings, any interest therein or part thereoi, unless in the fo~m and wi~h the Ioss payable as aforesaid; and in tF+e event any sum of money txcomes payabte under such policy w pol7cies said MORTGAGEE shatl have the op~~on to rece:ve and aaply ~he same on accoun~ of the indeb~~d- ness secured hereby w fo permit ~aid MORTGAGORS to receive and use h w any pa~t theceo( for o:n~r purpases, .v:~ho,,t ~hr~or .v.:~v~.~~ or ,t,p,;ir• irx~ any equity, lien w righl undr~ w by viriue of this mo:•gage; •nd in the event sa~d MORTGAGORS shaN for any reason fa'rl to kecp the sa~d prem;sas so insured, p~ lail to deliver promptly a~y of said polities of insuqnte to said MORTGAGEE. or foil promptly to pay fulty any premi~rn therefor or in a~y respeu fail tp perform, distharpe, exetv~e, effect, complete, comply with and abide by Ihis covenam, w any parl hareof, said MORTGAGEE may p~ace a~~d pay fw such insurance or any part thereof without waiving or afFecting any op?ion, licn, equ~ty, or right ~nder or by vi~tue of ~1.~s lko+igage, acid the full amount of eath and every such payment shall be ~mmedietely due ar.d payable and shall bear interes~ from tha date therecf until p~id at ::ze ~ate of n~ne per centum per annum ond to~e~her with such interest shali be secured ty the lien of fhis mortgage. To permit, tommit w suffer no wasfe, impairment or deterio+atio~ o! said property w any ~art thereof. 5. To pay all and si»gular The costs, clurgp and expenses, inciuding a reasonable attorney's fee and costs of absnacts of title, i~curred or paid at any time by aaid MORTGAG.E, because or in the tve~t of the failure on ~he pa~t ot the saed MGRTGAGOR to duiy, prompNy and f~tly perfonn, discharge exec~rte, effect, comptere, compty w~th and ab:de by each and every rhe stipulanons, agree~rien?s, condirions, and covenants of sa~d p~o:n~sscry note and ~h~• mortgage any or e~ther, and sa~d costs, charges and expenses, each and every, shall be immed~ately due and payab~e; whe~her or no~ rhere be not~ce da mand, attempt to collect or auit pendirtg; and the tull amount of each and every such payment shalt bear i~terest from the dare rhe~eof until paid at tFor rate of nine pe~ centurn prr annum; and all said costs, charges and expenses ~rxurred or paid, together w~th such interesr, shall be secured by th~ I~en of fhli mortgage. 6. That (a) in the event of any breach of this Mortgage or default on the part of the MORTGAGOR, or ;b) in the event any o( sa:d sums of money herein referred to be not promptly and iully paid wi~hin th;~ty (34) days next after the same seYera!ly become due and payable, wi~hout demand or noi~ce, or (c) in ihe evem each and every the stipulations, agreemeros, tond~tions and covenams of sa.d promissory note and th~s mortgage an~ or e~ther are no1 ~uly, promptly and fully pe~formed, d~scharged, executed, etiected, canpleted, complied wirh and ab~ded S~, then in e~ther or any such eve~t the sa~d ag• ~regate sum ment~oned in said promissay note then remaining unpa~d, with +merest accr~ed, and a:l moneys secured hereby, shalt becu~ne d~e and pay ab!e forthwith, or thereafter, at !he optfon of said MORTGAGEE, as fully and completefy as if afl of the said wms o( money were ongina~ly sr;pu:ared ro be paid ort such day, anything in sa:d promisswy note or in this Mwtgage to the tontrary notwi~hstanding; and thcreupon or thereafter at the o~,~~on of sa;d MORTGAGEE, without notice o~ demand, suit at law w in equity, therefore or lherealter begun, may be p~osecuted as if all moneys secured hereby ned matuted pnor to rts instituuo~. 7. That in the event that at the beginning of or at any time pending any suit upan this Mortgage or to forectose it, or to reform it, or to enforce paymem of any claims he~eunder, said MORTGAGEE shall apply to the Court having ~ur~sd.cnon thereof for 1he appomtment of a Rece+ver, wch Court ahail forrhwith appolnt a recciver of sai~ mortgaged prooarty all and singutar, includ~ng ait and singular the income, prof~ts, iss~es and sevenves fro,n whate+er sowce derived, each and every of which, it being expressly undenrood, is hereby mortgaged as ~f spec~f~caily set iorih and desu~bed in rhe g.anting and haoend~m tlauses hereof, and such Receiver shall have all Ihe broad and effect~ve f~~ct~ons and powers i~ anyw~se entrusted by a Cou~t to a Rcc~i~er, a:~d such appoentmenr shaU be made by such Cou~t as an admiued equity and a matter of absolure r~ght to sa;d MORTGAvEE, and wrthou~ reference to the adequaq or inadeq~acy of Ihe val~e of the property mortgaged or to the so~vency o~ ~nsolvency of said MORTGAGOR or the defe~~dar~ts, a:~d ~hat such renrs, profits, incornt, issuea and revenues shait be appfied by such Receiver accordmg to the lien or equity ot sa+d MORIGAGEE and the piact~ce of such CouA. 8. To duly, promptly and fully p~~form, discharg., execute, efiect, complete, compty with and abide by each and every the stipulations, agre¢~nents, condit'pns and covenants in sa~d promissory note and this mortyage set forth_ 9. That in the event the ownership of fhe mortgaged prern+ses. or any part thereof, becomes vested in a pe~son o~nar lhan the MORTGAGOR, th~ h",ORTGAGEE, ita successws and assigns, may, without no~~ce to the MORTGAOR, deat with such successor o~ successor in interest with reference to th~y mortgage and the debt hereby secured in the same ma~ner as with Mortgagor wftho~t in any way vit~afirg or d:scharging the f~tcrtgagers' tiab~lity here- under w upon the debt hereby sec~red. No sale of the prem~ses hereby mortgaged ar.d no forbearance on ~he part oi tne G1pRTGAGEE or its wccessors o. ass;gns and no extens~on of the time fw the paymem of the debt he.eby sewrzd given by the MORTGAGE~ ar ir: s~ccessors or ass:gns, a~~a!! operat~ ~o release, d~scharge, modiFy change or affect the original liaoil~ty of the MORiGAGOR bere;n, either in wbole or in pa~t. 10. h is spec~Ilcally rgreed thaf time is o! the essen~e of this contract and that no waiver of any ob;~gat~on hereunder or o! the obligation se- c~red hereby shall at any time thereafter be held to be a waiver of the terms hereof or of the instrument secured herby. 11. I~ add:t:on to the faego ng month!y paym~ms of princ pal and interest requ~red by the prom ssory no~e secu~ad hereb~, mortga~or covenants e~d agrees to pay ro :no-tgagee vc~th each monthly payr,~ent an add;rional sum est~n;ated by morrg~gee to be equal to 1 12 of tf~e annuat cos~ of the follow- ing: A-All reaf pr~erty taxes levied or assessed agai•,st the above described r~,al esrate. B--0rer-;~ums on fi~e and windstorm insuracce as here~n requ~red to be carried on the improveme~ta rt~ate on the above dcscritxd prem~ses. C-Pre~nivrns on such mortgage guaranty insura..~e as mo~tgagee shali from, t!me ro t;:ne deem fn to cany on tne ~oan sec~red he~eby. Mortgagee sha!I from t~me to time noriiy mortgagor i~ wririnq of the amou~t d~e and payable hercvnder and such su~n shall thereupon be due and rayable on the due da~e o4 tfie next month!y payme~it and ^ach successive month thereafter u~tit mortgagee shall not~fy morrgagor of a change in such a:~o~nt. Such sums sFa:! be appleed by mortgagee toward rhe payment of reat property taxes, inwrance prem.ums. a:~d morrgage gv~reMy inswance p~emiums. IN WITNESS L•~HEREOF, rhe sa~d MORTGAGOR has i~ereunto set hi~{~On!?V!N ~~;~p~,~a~{rst aforesaid. igned, Se ed and i red in the presence of: CjT. LUCIE C V Y ~~~-A Rf' C~~~: `r~~l`~~~= ' (Seal) ~.7.1.1~~~ - ~ ~ (Seal) q `u - ~ 1 O ~L 1 G' W7 • - lSeaq (Seaf) SiATE OF FIORIDA ccuNrr oF _ St. Lucie ROGtR ~0 RAS Rt* Befwe me personally appeared Jerry paleE~Yd~C~f'T COU i and .~lllla Ann Francis h'es wife, to me well known and known fo me to be rhe individvals dex~ibed in and who executed the foregang instrument, end scknowtedged before me that ~hey execufed the same for the purposes rherein expressed. And the said-_ J111~2~ Mn Francis wife of th• said Jerry Dale Francis a separate and private e¦amination by me faken separa?e and eparf from her said husband, atknowledged to artd befo~e me that she execured saed inst~ume~t freely and rolurr rar~ly and w~thout sny compulsion, constraint, aFprehens on or fear of or from her said husband. ~YITNESS my hand and official ual this ~D ~ day of October A. D. 191Q- ~n~ Notary Pub i' and (or the ate of Florida at large ReWm To: ~Y C~mm~ ~ expires: 7~ Firtf fede?al $avings 3 loan Association •~'~r,lf,tj~r'i 9 OI Fort P~erce. ` 1~ „r t}~±~ry ?~`.r? c`.•k ol F1o+~aa at ar e Fort Pierce. Flor;da : ' ; 1971 ' : Mr ca~~~:-?>:~+-~ ~x~~s a~~. 6. - ~ ~J•'~ ~S, ~ i ' ~r- rp..a ~ a..r.. ie. ~ taurr~ ` - : °:c`.Q~*{ ~ : ~ _ ~ ' . = ~ 1'"~ G"l ; : ~ This Instrument Prepared 8y Ja~ts p, Cha~ ?s~: ~ First Federal Savings d~ Loan Association • J;~:' ~ . - of Fort Pierce, Rlor ida Q,•• ~j~ - . ~ ' ' Checked By ~ '~•;~~pd~'St ~~+n~~~?~' ~ . 80dK~~~ PA{~~e - ~ . ~ ~~~:-~.~"~X~-~-~..~;~~~5s , - . . _ . _ _ : ~ s a~.~ ~`r.~,a.~