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Home My WebLink About1143 3. To place and continvw;sly keep on the bu~!d~ngs now w hcreaiter ~~~uate on sa+d Iand a~d on ali equip+nem and pe~sonal,y coYe.ed by ~his ma~g~ ~g~, wilh ~II premiums thereon pa~d in (ull, fire insurance in the usuat sro~dard poti~y fo~m, in a sum aHpro+ed bj the MOR~`v~G'.E, a~~d w~~ds~orm insurance in ~l+e usual i~anda.d poi~cy fam, in a aum approved by ~he MORTGAGEE, in svch co~npany or co:.+pan~es as ~hr MORiGAGEE may dir~cl; and all firo and w~odstorm insurante po~~cief on a~y of said build~~gs, any interei~ the~ein or par~ thcrcof, in the agg~cga+e sum atwcsaid o? In ~xcess lhereof, tMll ca+tain Ihe vsual ~tandard mortgage~ clau~e or such o:her clause as ~he Mo~t9agee may req~~re, ma\ing the soss unde: sa.d polt cies, eath ~nd every, payabl~ to said MORTGAGEE as ~1s inle?ett may appea~, and each and eve~y svch po~:cy :hat1 be promprty ass g•~ed a~~d de~~vered ~o any held by said MORTGAGEE as further sccwiq to iaid mortgage deb~, and. not leas ~han ten (101 days in advance oi ~he expireho~ Of eath pol~cy, to de- liver to taid MORTGAGEE s renewal thereof, togethe~ with a receipt iw the prem~um of •uch rener..~'; ar.d there s?~a?~ be .w i~re w w+~~dsto~m inswa~ce i plactd on aey ol ssid buildirgs, any interest Iherein w parl thereof, unlesa in ~he form and w~~h the loss payable, as aforesaid; and in the evenl any su:n of money becomes payable unde~ such policy a po~~ciei taid MORTGAGEE shall have ~he opr~on to rece~re anJ app!y the sa~»e on accou•~~ af ~he lndrbted- ~ oeu secured hKeby a ro perm~t said MORTGAGORS to receive +nd use il a any part rh•_:eof +o. o:r,:~r F.~r:~:,s~•s. ~...+n,.,f ~h-•.:,~ ,~~~.,,7 er ~•~~p~~~- ing any equity, lien w~igh1 under or by virtus of Ihii mo:!gage; +nd in Ihe event sa,d MORTGAGORS shall fw any reason fa~l to keep ~he sa~d p~emisrs w 4 inwred, or fail ro deliver promptly any of wid poGcks of inswance to ~a~d MORiGAGEE, a fa~i p-empily to Nay fu=ty an•~ pre~~,~,~m therrtor w~n a~y ; refpM fail lo pe?form, diuhuge, eaecute, effect, complcte, comply wiih :nd abide by this covenint, or any part hrreof, sa~d MGR7GAGE: n,ay p~ace a~~tl pay fp suth insurance or ~ay part thereof withovt waiviry w ~ffecting aoy optio~, lien, equ~ty, a~ ~~ght under or by viiWe o~ ~h;s Mortgage, and the ~ Full amouM of each and e.~ery such paymem shall be immedi+tely dua and payabte and shall bear ~n~errs~ from tha da~e thereoi wvil po~d at ~he rate of f nine per ceotum pe~ annum and to~ether with such interest ihail be secur~d by the I~eo oi th~s mortgage. ~ 1. To permit, commit w suffer no waste, impairment a detcrioration of said pioperty a any part the~eof. 5. To psy a!I end sinpula~ the costs, cMrpef and expenies, including a reasonable attwney's 4e and cos~s of abstracts of fit'e, i~t~ned o~ pa~d at any rime by said MORTGAGfE, becau~e or in the event of the fa:lure on ~he pa.t of ~he ia~d MORiGAGOR !o d~ly, pro~nFiiiy and fu~~y Fx:rfwm, d~xharge, execute, effet~, tomptete, comply w~1h and ab~de by each and eve?y the stipulat~ons, ag~eements, cond~t~ons, and covenanrs ef sa~d p~o~n~uory note and thts ~ ,rortgaye any or ei~her, and sa~d costs, charges and expenses, each and every, ihall be immrd~atefy due and payab!e: wh~~ther or not +Ixre be no~~te d~ mand, attempt to collett or wit pend~ng; and the full amounl of eacA end every such paymem shalt i~ea. interes~ lrom ~he dafe the~roi unfil pald at tht r,~re of nine per centum per annum; and a!i said costs, charges and expenscs incurred or paid, toyc~ixr w,~h wch ~nterest, shai! be sxwed by the i~en o1 th~t ~ mortpage. 6. Thst (a) in the event of any breach oI lhis Mwlgsge or default on tF~ part of ~he A10RTGAGOR, or ;b) in the event any oi sa'd sums ef money herein referred to be not promptly aod fully paid within thirty (30) days neat af+•.r the seme severa:Iy cecane due and payable, w~~bou~ demar~d o~ notke, o~ (c) in the event exh •nd every Ihe stipulations, sg~eements, cond~tia,s a~d covenants ol sa d pro~T~~sa..~y notr a~~d +h.s mortg;ye a~y w e:~her are not ~uly, prompUy and fully periormed, diuharged, executed, eifected, completed, wmpGed with and ab•ded 5y, then m e.~her o~ any s~~ch eve~t the sa~d ag gregate sum mentioned in said promisso~y note then remaining unpa~d, ~vith mterest acuued, and all moneys securrd I~ereby, s+~ai! ~wme d~e and pay able forthwith, or thercatter, ~t the option of said MORiGAGEE, as lully arxf comple~ely as ii all of t1.r sa~d au:ns os n~oney were or~g~~,a::y s~~pu~ated to be pa~d on such day, anything in sa~d prom~ssory note or in this Mortgage ?o the con~rary not~n•~thstar.d~ng; ar•d ~her~upon or the~ea!ter at the opuon of said MORTGAGEE, w~thout notice w demand, suit at law w in equity, the~e(ore o~ thereafrer begvn, may be prosec~trd as if a!I moneys secured hereby nad maWred pnor to ns institutan. 7. That in the event that at the beginning of or at any time pe~ding any suit upon this Mortgage, w to foreciose it, or to reform it, or to enforce paymertt Of any claims hereunde~, said MORTGAGEE shall apply to Ihe Court having {ur~sd~cnon fhe~eof 1or the appo~nrmem of a Rece~ver, such Cov~t sha~l forthwith appoint a receiver of said mortgaged prooerty all and singular, indud~ng all and s~ng~lar the income, prol~ts, issues and rever.ues from whatever sevrce derived. each and every of which, it beiog expressly u~derstood, is he~eby mortgaged as ~f speofica~ly set fwth a~d deunbed ~n the g*anting and h3bendum tlauses hereof, and such Receiver shall have ell the broad and effective lunct,ons and powers in anyw~se e~tr~sTed by a Co~rt to a Receiver, a:~d . s. ch appointma~t shall ~e made by such Court as an admitted equity and a matter of absoiute right to sa,d MQRTGAGEE, a~+d w:fhc~~ reler~nce to the adequacy o? inadeqvacy ol the value of the property mptgaged or to the so~ve~cy or ~nso~vency of said MORiGAGOR w ~he de+e~.dants, and thjt such renrs, profits, income, issues ~nd revenues shall be aPplied by such Recewe~ accord~ng to the iien w equity oi said MORTGAGEE and ~he pract~ce of such Coort. 8. To dufy, promptly and fulfy perform, dixharge, execute, effect, complete, conzply with and abide by each and erery the stipuiations, agreements, conditions and covenants in u~d promisswy note and this mortgage se~ forth. , 9. That in the event the ownership of the mortgaged premisrs, or any part thereof, becomes vestrd in a perw~ other than the MORTGAGOR, the MQRTGAGEE, its svccessors and assigns, may, without notice to the MORTGAOR, deal w~th such successw a successw in ~nteresl with refere~ce to th~a R mo~tgage and the debl hereby secured i~ the same manner as with Mortgaga w~thout in any way vit•atin~ or d~scharg~~g tFx tnortgagori liab~i~ty here- under or upon the debt hereby secu~ed. No sale of thr premises hereby mortgaged ar.d no forbearance on fhe pan of the MORIGAGEE or irs successors or ass~g~s and no extension of the time for the payme~t of the debt hercby aecured g~ven by the MORTGAGEE or its svccessors or ass;gns, s~iall operate to release, d~scharge, modify change w affect the original.liab~lity ol the MARTGAGOR herein, either in v~hole or in part. )0. It is specificaliy agreed that time is of the esxnce of this contract and that no waive~ of any e6!~gatio~ hereunder or of the obligatan sr c~red hereby shall at any time thereafler be held fo be a waiver of the terms hereof or oi the instrumenl srcured herby. 11. In add t~o~ to the fwego:ng monthly payments of princ pal and interest reqv~red by the prom.sscry no'e sec~~ed hereb~, mo,-tga~or covenanrs and agrees to pay to mortgagee v~ith each monthly payrnent an add~rional sum ~st:mated by morrgagee to be eqvai to 1; 12 of t:,e an:wa, cost of the folio+v- ~ng: A-Alt real property taxes levied or assessed agai~st the above describcd real estate. B-Prerr.~u~~s on fire and wind:to+m insurar.ce as herein ?equ~red to be carried on the improveme~ts situate on the above desc~~bed prem~ses. i ' C-Premiums on such mo.tgage guaranty irtsurance as mortgagee shall fro~~ t me to ti~ne deem fit to carry on the loan secur~~ hereby. Mortgagee sha!I fiom time to time norify mortgagor in w~iting of the ~mov~t d~e and payable hereundar and such su~t shaU thereupon be due and ~ ; 3yabte on the due date of tF~e ~ext monthiy paymeM and eath successive month thereafter ur.til mortgagee shall not:fy mo*tgagor of a chan~e in su:h a ~ou~t. Such sums sFail be appiied by mortgagee towaid ihe paymeM of real property ta~ces, mwrante prem.~ms, a~.d mortgage guaranty insurante ,i n~emiumS. ~ ~ 4YITNE55 `:~HEREOf, rhe said MORTGAGOR has hereuMO set his hand and seal the day and year first a4oresa~d. : , Sealed and delive~ in the p?esence of: ~ ~ ; ~ s1) . ~ ? s0 f . (Seaq' (Seaf1 STATE OF FLORIDA SS. ( couNnr oF St. Lucie ~ r Before me penonaUy appeared Mlt~~ M. Hwdson~ a S1II9j@ adult ~k - 7G~D~ to me well known ~nd known to me to be the individualj desuibed in and who eaetuted the foregoing instrument, and atknowledged befwe me that9hey eaetute~tlFlf~aan+e ~o~ the purposes the~ein exp?elstd. ~r?~-' -~e~Av T`a.••"~ - • , :t~.,.6.~lbr,~fe~r ' y7C7C?f ~ . . ~ ~ ~ ^ ~ . . • _ _ ~ • J ~ WITNE55 my hand and oific~al sesl this_ day of_ ~t~= , ~ t~/1. Q 1971.- . ~ . _ ` . - ~ Notary Pubiic in and ioc •'Stati of ~d~.il 1~~ ~ My Comm~ss~on exp~res: - ~ ~ . , ; ~ Rerum To: NOTARY P'(IR[IC; tT~''~b~FtbRIDA st IAR~ ~ Fir~t Federal Sav7ng• 3 loan Assodat~on MY CO1dG11S$IQj'~,~.XW42ES SEPT. 25. 19I5 of F~.+ P E~ce B~nCed Br Aiatrian Bankers Insunnce -u. Fort P~erce, Flurida _ 215194 This tnstrument Pre ared B FILED ~Y~ ~iECORDEO ~ P Y , D~ Chastain ST. LUCtE COuNtY FIA. F~rst Federal Savings 6 loan Associa~ion ROGER fJ1IRRS of Fort Pierce ~ Rlolfde CLERK Cl:~CUIT COURT ~ECQR~J V[pIF1E0~,.~...~ Checked By SEP 1 I 3o PM'T ~ ~~195 P~1141 ~2 1 j,