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Home My WebLink About0781 3. To plac~ and conti~uovily ke~p on ~he buildings now or Mre~it~r tituate on said I~nd and w+ all cqulpment ~nd personally covered by ~hi~ morrg- ~g~, with all premiums thereon pa~d in 1u11. (fre insunnte in the u~~si f~andard po~~ty form, i~'~ sum epp+oved by the MOR~GAGEE, a~~d winds~am ~nsurance in the uiual srandard pol~cy fo~m, in a sum approved by the MORTGAGEE, in s~ch canp+ny or compa~ies a~ ~he MORiGAGEE may d~rect; ~nd all 1i~e ~nd wlnds~orm in~ur~nc~ policits on •nY o( ssid build~ngs, any imere~t ~herein or part thereof, in the agg+ega~e sum afwesr~d w in exceu ~hereof, sMll contai~ the usval standard matgagee clause w such other clauie ss ths Matgagee may requ~re, maAinq ?he loss under s~~d poli- c+es, csch and every, payabla to s~id MORTGAGEE a~ it~ interest may ~ppear, a~d each and every s~ch polKy thall be prompuy ass gned and delivered to sny held by ~aid MORfGAGEE +s further secu~ity to said mort9ags debt, end, no~ less than ten (10) days in advance of the e~pi~a~~on of each F*ot~cy, ~o da I~ve~ to ~aid MORTGAGEE a renewal thereof, to~Nher wilh a ~ete~pl fw the premivm of such renewal; and ~here shall bs no f~re or wi~~ds~o~~~ int~~ance p~~ccd on any of said build~n~s, any i~ter~tl thsr~in w pu~ thereof, unle~s in the (o~m end w:ih the loss payeble as a(oressid; and in the e.ent any sum of money becomes payabte uode? wch pofity or pol~cies uid MORTGAGEE shalt have the ophon to reccive and apply the same on accoum ot the indeb~rd- ness secured hereby or ro permit said MORTGAGORS to receiv~ and us~ it w any pa~t therrol to: orl~~r uurF os~s, .~,~~hout ~h_.~ u~ ws~.~ 17 ~~~~p~~~- ing any equ~ty, lien w r~ght unde~ a by vi~tw o~ thii mo:•ga9e; and in the event sald MORTGAGORS shall fa any ~eason (ail to koep the sa~d p+em~srt so insu~ed, w fail fo deliver promptly ~ny of said polities of ins~ra~ce to ~aid MORTGAGEE, or fa~l promptly to pay tully any pre~n~~m ~herefor or in a~y retped (ail to pertwm, d~scha~ge, execute, effect, tomplete, comply with and abids by th~s cOve~ani, a any parr hereof, sa~d MORiGAGEE may place a~xs pey fot such insuranc~ a any pu1 lhereof without w~ivinp a•ffec!inp any oplion, lie~, equ~ty, or right under o~ by virwe of this Mortgage, and iht f~l) amount of each snd every such paymen/ thall bs immediately due and payable snd shall bear infe~esl irom tho date thereof u~til pd~d s~ the rate ol n+ne per centum per annum and together with soth interest shali be ~ecured by 1he lien of this mortgsge. 1. To permit, tommit o~ suf(er no waste, impairment w deteriorstion of wid property or ~ny part thereof. S. To pay all and singular the :osts, ch~~yas and expenses, includ~ng a ~easenable afewney's (ee and costs of absrracts o( t~tle, incurr~J or pa~d at any time by wid MORiGAGEE, because a in tF+e ~vent of the failure on ~he part of ~he said MORiGAGUR to duly, promptly ar.d fulty perform, d~scha~ge rxecute, elfec~, complete, comply wnh end ablde by each and every the stipulanons, sgreements, cond~r~ons, and covenanrs o{ aa~d prom~ssory note a~~d ~h~~ mo,tyaye any or e~~her, and sa~d cosn, chargea and expenses, each and every. shall be immed~atety due and payable; wheeher o~ not there be nor~ce d~ mand, anempt to coltect w suif pend~ng; and tM full amovnt of each and every such paymeM ahall bea. interest from the date ?hereof uotil paid a~ ~he rate o~ nine per centum per am~um; and all said coats, charyes ~nd expenses ~ncurred w paid, together w~th such intere~t, shell be secured by the i~en o1 th,~ mwtyage. 6. That (a) in the event of any breach of this Mortgaye or deiault on the part of thr MORiGAGOR, or (b; in the evcnl a~y of sa:d sums of money herein referred to be not prompsly and fulty paid within th~rty (30) days nex~ afte. the same se~eralty become due and payable, without de~nand or nor~ce, cr (c) in the eveot each snd eve?y the ~tipulatiora, agreements, co~ditions a~+d covenanp ot sa•d prom~sso~y no~e ar~d ~h~s mortgage any w e~~her a~e no~ iuly, promprly and (ully perfwmed, d~xharged, exrcuted, effected, compieted, compl~ed with and ab~ded 5y, ~hen in either w any such evem the sa~d ag giegate sum meroioned in taid promisswy note then remaining onpa~d, with inleresl accrued, and a11 moneys secured hereby, shall become due and pay- able fw~hwith, o~ thereaiter, at the option of said MORTGAGEE, ai fully and completely as if all of the sa~d sums of money were w~ginally st~pu:atrd ro be pa~d on such day, anything in said prom;uwy note or in this Mortgage to 1he tonvary notwiths~and~~ig; and thereupon or thereafter at the opnon of said MORTGAGEE, without notice or demand, suit at law w in equity, therefore or thereafter beg~n, may be prosecuted as if all moneys secured hereby had matured pnor to ds institution. 7. That in tF+e event fhat at the beginning of ot ~t any tims pendirg s~y suit upon this Mortgsge, w to fwetlose if, ot to re(orm iL w to enforce paymeM of any claims Aereunder, said MORTGAGEE shall app~y to the Coun having junsd~dion thereof lor the ap~w~~tment of a Receiver, wch C~rt sha? Fcrthwith sppoinf a receiver of sa~d mortgaged property all and singulsr, includ~~g all and sing~la~ the income, p~of~ts, issues and revenues from whjte+er source derived, each and every of which, it beirg expressly understood, is he.eby mortgaged as if spec~~ically sN forth and described in the grannng and habendum dauus hercof, and such Receiver shall have all the b~oad and effective funct•ons and powers in anyw~;e entrusted by e Covrt to a Recriver, and s.ch appointment shall be made by such Covrt as an admitted equity and a rt+alter of absolute right to uid MORTGAGEE, and w~tho~t re~ere.ue to the ad~y~>cy c+~ inadequacy of the value of ~he p~operty mwtgaged or to the so~vency or insotvency oi said MORiGAGCR w the defendants, and .rhat svch ren+s, profits, irxane, iuues sr+d revenues sh~ll be applied by such Receiver acco:dhtig to the lien or equity of said MORTGAGEE and the prechce of wch Courf. 8. To duly, promptty and Fully perform, discharge, execute, effect, comple~e, comply w~th and abide by each and every the stipulations, ag~ce~nents, conditions and covenanrs ~n sa~d prom~ssory note and this mort9age set forth_ 9_ That in the evertt the ownership of the mortgaged premises, w any part thereof, becomes vested in a person other than. the M?RTGAGOR, fhe k.ORTGAGEE, its successors snd assigns, may, without rtotice to the N10RTGAOR, deal wnh such successo~ a successor in inserest w~+F+ reference to this mo~tgage and the debt Aereby secured in the same man~er as with Morigagw without in any way vitiating o~ discha~ging the Mortgagors' liab~lify heir under or upon the deb~ hereby secu~ed. No sale of the premises hereby mortgaged and no forbearance on the part of thr. MORTGAGEE or its successcvs or a:s~g~s ar+d no eatension of the time fw the paymem of the debt hereby sec~red given by the MORiGAGEE or its s~ccessors or ass~gns, a;:afi operate to re!ease, d~scharge, modify change or aFfect the wiginal liab~lity of the MORTGAGOR herein, either in whole or in part. 10. tt is specifically agreed that time is of the esse~ce of this contract and Ihat no waiver of any obt+ga~ion hereunder w ot the obtigat~on se- cu~ed hereby shatt at any time therealcer be held to bc • waiver of ~he terms hereof w of the instrument setured herby. . I1. In add.tion to the forego:ng monlhly pa.me~ts of princ pal and irtterest required by the prom!swry nore sCCUr,~ Ae~rsV~i NQfig~oi tovenan?s and agrees to pay ro mor~gagee with each monthly payment an add~~ional sum est~mated by mortgagee to be cq~al to 4%_~2.~of.tha ~rtpw) cos? ef )he follow- ~ng: . r,i.-.~- i. - - ' A-All ~eal pro, erty taxes levied w assessed against the above descr~bed real estate. ` " ' , ac ~ - - B-~rem.lums on Fire a~d windstorm insurance as herein requ;red to be carried ore the improvements :~tuate o~ 1lie.~bor~"de~iG~~bed'r~ises. C-Premiums on s~ch mortgaqe gvaranty insvrar,ce as mwtgagee shall from ~~me to ti~ne deem fit to carry on lhe,bq~ sec,eretl' hgr~by.' Mortgagee shail 4rom time to t;me notify mortgagor in writi~g of 1he amount due and payable hereu~der and sutFieulw ~hall fh0~eup~xi be due and i Fe~•ab~e on the due dafe of the ~ext monthly paymeN and each successive month thereafter ur,til mortgagee shall eotify wpitgig*? of a chafge in such ; ~-~~aum. $vth sums shaii be applied by mortgagee toward the payment of reat property taxes, i~surance prem:ums, an~ 1no~tpsye guaranty inwrance o•emiums. IN WITNESS 'NHEREOF, the said MORTGAGOR hss hereunto xt his hand and seal the day and year fint aforesaid. ~ ~ s~y~ed, s~.i~ and deliver d~~ the presence of: $t. Peter's Evangelical Lutheraa~ Cht~rch of Fort ~ ' - ~r..1E~~~0E0 • - - P erce In a4 ~Gc- .1~-- iI~F~ ~ ~UF1'r FIA. ° g . rc.,q : , S7. iU~;t V~-~t~aa5 y' o er . ar , esi en~-' ~ _ 4 . _ } RBG~ ~ ,t: COURt (Sc•t) - ' ; ~ , . ~ Rf rQp.~ ~c - ~'F1E ~test ; e ~ z ~seaq r~?t Grace B. Becker, Secretary 2( 4 FE8 2 49 ~ STATE OF FLORIDA ~~CIUNTY OF ST. LUCIE ! HEREBY CERTIFY, That on this ~ day of--_- February , A.D. 191L, before me personally appeared _Robert E. Carl and Grace B. Becker ~ ~ respectively ~as President and Secretary , of ~ St. Peter s Evan elical Lutheran Church ~ Florida . ~ O~-F-aL~-~1Pre~a _ nr _ - a------------------ CO[ i~A/ ~~R, •7 . known to be the persons described in and who executed the foregoing instrument, and severally ackAOVJt~ge~li~~exe• _ ~z _ - C, _ " wtion thereof to be their free act and deed as such officers for the uses and pursoses the~ein mentior:ed;` bp~.f~~ tGey ~ W' ~ - affixed thereto the official seal of said corporation, and the said instrument is the act and deed of~b~Cl:c~e?ioo. ~ WITNESS my hand and official seal at Fort Pierce '~~rl~~ , said c ty d te. ~ > This instrument prepared by ~ ~ ~ L~~~LI ~ . ~ ~ ~ FDrstaFederal Savings and Loan Notary ublic, in and for State and County aforesaid. ' ~ ~ My Co mission Expires:pOIARY tG3UC. STATf Of fldR~:~A AZ W+E - Association of Fort Pierce, Rlorida , MY. CUtA~,t~SStON EicPt~tES ;,~v. 29~ 197= ;tt a0ND~4 111ROUGN F.RED yr~ n~FAT6LMQRf) Checked By ~ i ~ ~ s` ~ R 1y0 ? 78 g00K f~ x ~ _ - x ~ - - ~ ~ . ~ _ _ _ - _