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Home My WebLink About2436 3. To place and continuouily keep on the bui!dings now or hereafter situate on saici tand and on all equ~p~ren~ and pe.so~a~ly covered by thia mo~tg~ +ge, wi~h all premium~ thereo~ pa~d in full, firo insurance ;n the usual standard policy form, in a wm approved by the MORiGAGEE, a~~d w~ndsto~m insurance in 1he uiual ~randard pol~cy (orm, in a sum epproved by tMe MORTGAGEE, in such company or co+npanies as ~he MORTGAGEE may dired; aod all firo ~nd windsrorm insurance policies on sny oF sa~d build~npi. ~ny interest therein or pail thereof, in the aggrega~e su~n •ioresa~d or in extesi thereof, thall co~tain the usual standard mortgages clause or such oiher clause as the Mortyagee ~~ay requ~re, ma?inp tno los~ unde~ sa~d poli- cies, each and every, payable to sa~d MORTGAGEE sa ifs inte~est may appear, and each and every ~uch policy shail be p~omptly ass gned and detivered ~o ~ny he~d by said MORTGAGEE as Ivrther security to said matgage debt, and, ~ot les~ than ten (10) dayi in adra~xe of the expiraNa~ o( each pol~cy, to de- liver to said MORTGAGEE s renewa) thereof, togetha witfi • rete~pt tor the premium oi such renewal; and there ahall be no i~~e o~ w+~~ds~or~n insvrance plated on any of s~id buildings, any inferest the+ein a part thereof, un~ess in the form end with the loss payable as afae~aid; and in the evenl any sum of money become~ payable under iuth poliq w polKies said MORTGAGEE shall hsve ~he option to ~eceive and appty the san~e on acco~~~t of the indebted- r~ss secured hereby w to pe~mit sa~cl MORTGAGORS to rece~ve and use it a any part thereof lor oti~rr purposes, v.~rho~t ihrr~ ur ws~~~:,3 .;r ~~np,.~~- irg any equity, lien w right under or by virtue of this mortga9e; •nd in the event taid MORTGAGORS shall fo~ any reason f~il to keep ~he sa~d premisrs so insured, w fail to deliver prqnptly any of said policies of insurante tn said MORTGAGEE, or tail promptly to pay (ulty any pre~»iu~n ?hcrefor or ir. a~~ resped fail to perform, d~scharge, execute, effect, comp~ete, comply wi~h and abide by this covenan~, or any pa~t hereof, sa~d MORTGAGEE n,ay place antl pay fw such insurance or ~ny part thereof withovt waiving or affeclinp any opt~on, lien, equity, w right under or by virfue of this Matgage, a~d the f~ll amounl oi each and every such payment shall be immcdiately due and peyable +nd ahall kxar interest from tha date Ihereof untit paid at the ~a~e ot n~r.e per centum per annum and togethe~ with such i~terest shall be secured by ths tien o1 Ihis mafgage. 4. To pe~mil, commit w suffe~ no wa~te, impairment a deterioration of said p~operty or any part thereof. S. To pay ~II ~~d tingutar the costs, charges and ezpenxs, including a reasonable attwney's fee and costs of abstracrs o( title, incurred o. pa~d at any time by said MORiGAG£E, because w io the eveM of the failure on the part of Ihe said MORTGAGOR to duly, pra~.ptly antJ fully peiform, d~scharge. execute, effect, complete, compty w~th and ab~de by each a~u1 e~ery the stipulat~ons, agreements, conditions, and covenants ot sa~d prom~saory noie and ~h~s mortyage a~y or either, and said costs, charges and expenses, each end eveiy, shall be immediatety due and payablr; whrthe~ or nof there be no~ice da . mand, attempt fo coI1M or suit pending~ and The tull amount of each and t~ery such payment sheN Lea~ inl~rral f~oin the date thereot uniil paid at the rate of ni~K per centum per annum; a~d all said costs, charges and eapenses incurred or paid, logether w~th such imerest, shall be sacured by the Gen o1 thii mort9age. 6. That (a) in the event of any breach of thii Mortgage or default on the part of the MORTGAGOR, w(b) in the event any of sa:d sums of money herein referred to be not promptly and Fully paid within th~rty (30) days neat alter ihe same saverally becor.~e J~e and payable, withoul demand or notice, or (t) in the event each and every the stipulations, agreements, conditions and covenanta o} sa.d promissory note and th~s mortgage any w either are nol ~uly, promptly arx! fully performed, d.uharged, eaecuted, effected, complered, cornplied with and ab~ded Sy. Ihen in e~ther or any such event Ihe sa~d ag~ gregate sum mentioned in :aid promissory note then rEmaining unpa~d, with interest accrued, and all moneys secured hereby, sl~all become d~e and pay abte forthwith, or thereafter, at the option of said MORTGAGEE, as (ully and completely as ii alt of tt~e said sums of money were or~ginally st~pulated to be pa~d on such dsy, anything in sa~d promisswy note or in this Mortgage to the con~rary notwithstand~ng; and the~eupon or thereafte~ a~ the optiun of said MORiGAGEE, wi~hout notice or demand, ivit at law or in equity, therefwe w the~eafter begun, may be prosecuted as if all moneys secured hereby nad matured pnor 10 ~ts institutwn. That in the_ eyent that at the beginnirxl_of d st sny time pending any suit u~wn this Mo+tgage, or fo fc: _.!ose it, or to refo~m it, or fo enforce paymeM ut any claims hereunder, aeid MORIGAGEE shall apply to the Court haviog ju~isd~ction Ihereof for ifie 5ppoiMment of a Receiver, such Court s6a11 - furthwith appoint a receive~ of said morlgaged property all and singular, includ~ng all and singular the income, prof~ts, issues and revenues irom whatever seurce derived, each and every of wh~ch, it being expressly unde~stood, is hereby mortgaged ss if specifically set forth and dexribed in the g~anting and haber.dum ciauus hereof, and such Receiver shall Mve al! the b~oad and efiective funct~ons and powers in qnywise entrusted by a Court to a Receive~, and f~ch appointment shall 6e made by svch Court as an admitted equity and a matter o( abaol~te right to sa:d MORiGAGEE, ~nd without re~erence to the edequacy or inadequacy o( the value of the property mortgaged o~ to the wwency or insolvency of said MORTGAGOR w the defendants, and that svch rents, profits, income, issues end revenues shall be applied by such Receiver accord~ng ~o the lien w equity of said MORTGAGEE and the practice of such Court, 8. To duly, prcmptly end fully perform, dixharge, execute, effecf, complete, comply with snd abide by each and every the stiauietions, agreements, conditions a~d covenants in sa~d promiasory note and this mortgage set forth. 9. Thaf in the event the ownership of the mortgaged premixs, o~ any part thereof, becomes vested in a perwn other than the MORTGAGOR, the h10RTGAGEE, its successors snd assigns, rtuy, without notice to ~he MORTGAOR, deal wirh such successor w s~ccexsor in interest wi~h ?eference to this mo~tgaga and the debl hereby secured in the same manner as with Mortgagor withoul in any way vitiating p discharging the Mortgagori ~iabi~ity here- un~er or upon the debt hereby secured ~ No safe of the premises hereby mortgaged and no lorbearance on the part of ~he /tORTGAGEE a its svccesson or assi9ns and no extension of the time (or the peyment of the debt hercby secured given by the MORTGAGEf or its successors or assigns, aiiell operate io reieue, discharge, modify change w affect the original liab~lity of the MORTGAGOR herein, either in whole or in part. 10. It is specifica~ly agreeJ that time is of the esur.ce of t{~is contrad and that no waiver of any obligat~on hereunder or of the obtigation se- cured hereby shall et any time thereafter be held to be a waiver of the terms hereof or of the instrument secured herby. 11. In aod~tion to the forego'rx~ monthly payments of print'pal and interest required by the p~om~szory no!e sec~red hereby, mortyagor covenants and agrees to pay to mortgagee with each monrhiy payment an add~rional sum est~ma~ed by mortgagee to be equal to 1; 12 oi the amiual cost of the follow- iny: A-AII real property taxes levied or assessed against the above described real estate. ; B-Pr~m~u~ns on fire and windstorm insurance as herein req~;red to be carried on the improvements situate on the above descr~bed premises. i C-Premivms on such morigage gua~anty ir.svrante as mortgagee shall f~om t;me to ti~ne deem fit to carry on the loan secured hereby. i . Mortgagee shail .'rom time to time no+ify mortgagor in writing of the amount due and payable hereunder a~id s~ch s~T shall thereupon be due and E c.a~ab~e on tF~. due oare of the next monthly paymeit ard each successive month thereafter ~r.til mortga~ee shall not~fy mortgagor of a change in such a^~ount. $uch suma sHall be applied by mortgagee toward the payment of real property taxes, insurance prem.ums, a~~d mortgage guaranty insurance ` p~emiums. • 5 IN WITNE55 WHEREOf, the said MORTGAGOR has hereunto xt his hand and seal the day and year first aioresaid. ~ Signed, Sesled and de ivered in the presence of: ~ ~ ~ 9+~.• (Seal) ~ . i (Sea() @ -(SeaO / (Seaq ~ ATE OF FLORIDA ~ sr. wciE u- ~ couNn oF ~ Befwe me pe~sonslly appeared Harold N. a~ An~ 0• S~i= his wife, to me well known and krtown fo me to be the individwls destribtd in and who exetuted the fae9oin~ instrument, and ackrawledged be(ore me that they executed the same for the purpeses ~ therein expressed. And the said Mna Q• $~~r wife of the said Ha=old H• 5~~! , upon a separate and private ~ examination by me taken sepa~ate and apart from her said husband, acknowlcdged to and before me that she executed said instrument freely and volun- tari:y and without any compulsan, consira:nt, sppreheruion, r fesr of or from her said husband. 'p WITNESS my hand and official seal this.-~~~~ day of A. D. 19~0 ~ ~ ~ , otary Pu lic in end fw the State of florida at Large :s ~ . , My Commiuion e:piros: t _ Return To: ~~~~~""e~~t~+~~I '~TARY PUBLIC, $TAT[ OF fLOR1DA AT LAR6E ~ First Fedewl Savin~s b loan Assoc~auoo ~a~~~~~~ y eJ~ ~ ~y{~ CJMMISSiON EXPIR~S SEPT. 23, 1973 ~ Of Fo~t P:erce. b,t~ BOMDED iHRU FRFD W. DIESIELHORSB ' ~ • } • . fort Pierce, Florida ~ Q. ~ / N , ` Q; R~CORD~~ ~ ~,c~j ' FILED AND ~ , . r FI.A: : yt • ST. LUCIE COUNTY. ~ ~#•:~E_~~~~`~.•-';'~:: . RECO!?D VERIFtED ; This Instrument Pre ared B ~ ~ • ~ ' ' ~ ' ~ ' ~ ~ 2(~ 003~ ~ P Y Jo6n ~ ~<<,`:~ , First Federal Savings & Loan Association ~fi ~ . of Fort Pierce Florids ~~•'~t ~ • 30 ~ ~ ~~r~~~:.5~,,, TO OCT 22 ~ M:a~~t ~ G Checked By ~ ,_~u ,~N. ~ ~ • ~pC,rR ?OITRAS ~ CLERK CIRCUIT COURt~ ~o~K~B? ~,,~~435 ~ - __ti _ . - . ~ -