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Home My WebLink About1831 3. To piace and continuousty keep on 1he tui'd~ngs now w hereai~er situaie on said land and on all equip~nent and pe~son~lly covered by thi~ ma sgs, with dl prenuums thrrton pa~d in full, i~re iiisura~ce in tho usual standard po~rcy (o~m, in s sum appwved by the MOR(GAGEE, and windito insurante in 1hs us~al s~anderd pol~cy form, in a s~m ap~~rovrd Ly the MORTGAGEE, In such tompany o? tanpan~e~ at the MORTGAGEE m direct; and all lirs and w~nd~torm inwrante polic~ea on any of sa~d 'ouild~ngs, eny iNere~~ ~herein or pa~1 thereof, in ?M aggrega4 sum afaesaid . in excest thereot, shall contain 1he ~sual etandard mortqagee clau~e or such other t~ause as the Mwtgagee may ~equ~r~, makin~ Ihe loss under sa~d po cies, each snd every, p~~•able to said MORiGAGEE as its inlerrst msy appear, and each end eve~y tvth policy shall be promptly +ts.gncd a~d delive~ed + eny held by seid MOR(GAGEE aa further security 1o said mortgagn d~bt, and, no~ less tlw~ ~en (10) days in advance o1 the expiration o1 each policy, to d~ live~ to said MORTGAGEE a rcnewal Ihereol, ~ogNher with a rnceipt tor Ihe promium of suth renewal; and there shall be no fi~e or windsto~m insurant placed on any oi said lwild+ngs, any intcrest there~n or pe~~ ~hereoi, unless in ~he torm and wi~h the loss payable a~ a(oresaid; a~d in Ihe eveM any wn of monsy becanes payable u~der such policy w Qo~~ciea sa~d MORiGAGEE shall have ~he opt~on to receivo and apply ~he same on accounl oi the indebted ness secured hereby or to permit aaid MORTGAGORS to rccrive and uae it w any part lhereoF for other pur~osrs, vii~hout th~reb/ waiving Or unpair in9 any equity, Iten w righ~ unde~ w by virtue of thii mo:~gagc; and in the evem u~d MORTGAGORS shall (a any reason fail to keep the said premiiei so iniured, o? fail to deliver pranptly any of said po~~cies of insurance to taid MORTGAGEE, or fail promptly fo pay tully a~y premium therefq p in a~y respect fail to perform, discharge, execute, elfeu, complete, co~nply with and abide by this covenant, w any part hrreo(, uid MORTGAGEE may plate and pay fa wch insurance or ~ny part thercof withou~ waivi~g w af(aUing any option, lien, equity, or r~ght under w by vi~we o1 this Matgage, ~nd the f~ll amount of each and every iuch payment shell be im,ncd~ately due and payabte aneJ shall bea~ interest (rom Ihe date thereof u~iil peid at the rate ol nlne per centum pet annum arxl to~e~he~ with s~th interest shrli Ge secured by the lien of this mortgage. 1. To permil, commit w suffer no waste, impairment or deteriorat~on of said property or any part thereof. 5. To pay all end singula? the costs, charges and expenses, ~ncluding e reasonable attorneY i fee and cos~s of ab~tractt o( title, incurred a psid af eny tin,e by said A10RTGAG:E, betause o~ in the event of the fa~lure o~ the part o( the said MORiGAGOR to duly, promptly ~~d fully perfwm, d~uharge. execute, eifect, complete, comply w~th and ab:de by each and every the stipufa~~ons, agreements, condi?ions, and covenants of said promissory note and thi~ mortgape any or either, and said costs, charges and e~penses, each and every, shall be immediately due and psyable; whether w not there be not~te d~ r.iand, attempt to collect or suit pe~ul~ng; and the {ul! a~nount of each and every such paymenl shall lxar inrere~~ ~rom the date thereof until paid al the r.~tt of nine pc~ centum per an~w:n; an~ all said tosb, charges and expenses inturred or pa~d, together with tuch interest, shell be aetured by the lien o1 thif mortpa9s. 6. Thal (s) in the event of any breach of th~s Mortgage or default on lhe part of the MORiGAGQR, w(b) in the eve~t ~ny of said sums of mo~ey herein refe~red to ba not pranptiy and fully paid wi~hin ~huty ~30) days nex~ aite? thc same severatly become due and payable, wilhout demand or notice, or (c) in the event each and every the stipulations, agreemenls, condilions and covenants of sa.d promiswry note and th~s mortgage sny or tither are not ~u:y, prompdy and f~lly performed, d~scharged, execured, effec~ed. completed, complied with and -ebided '~y, then in e~ther w+ny such ~vent the ia~d ag gregate sum mentioned in said promiaswy ~ote then remaining unpaid, with intere:t accrued, a~u1 all moneys setured hereby, slwll become due and p~y- able forthwith, or thcreaiter, at the option of said hAOR1GAGEE, as lully and comptetely as if all of the said sums of money were o~iginslly st~pulatcd to be pa+d on such day, anythi~ in sa.d p~omissory note or in Ihis Mortgage to the cootrary notwithatandi~x3; and thereupw~ or thereaffer a1 the option of said MORiGAGEE, without notice or de~nand, suit at law or in equity, theretore o~ thereaftcr begun, may be prosecuted as if all nwneys secured he~eby nad matured pnor to its i~stitut~on. 7. That ~n the event that at the begin~~ng of or at any ~ime pending any suit upon this Mortgage, o~ to faeclose it, o~ to reform it, or to enfacs payment of any claims he~eunder, said MORTGAGEE shatl apply to the Court having jurisdict~on thereot tw the appointment of a Receiver, suth Cour1 sMlt iorthwith appoint a ~eceiver of said mortgaged property al~ and singular, irxlud~ng all and singular the income, pro(its, issues and revenues from whatever source derived, eath and every ol wh~ch, it be~ng express!y unde~stood. is F.ereby mortgaged as if speu(ically ut forth and deuribed in the yrenting a~d habendum clauses F+ereol, and such Receiver shall have afl the b~oad and effecc:ve (unct~ons and powers in anywise emrusted by a Cou~t to a Receiver, and s.,ch appoi~trteent shall be made by 3~ch Court as an ad~nitted eq~ity and a matter of absoiute right ro said MORTGAGEE, and without referente fo the edequacy or inadequacy of the value ol the property mortgaged or to the so~vency or inso~vency of said MORTGAGOR w the defendants, e~?d that such renfs, profits, incane, iuues and revenues shall Ee applied by such Receiver accordi~ig to the lien or equity of wid MORTGAGfE a~d the pradice of iuch Court. , 8. To d~ly, promptly and fully perform, discharge, execute, effect, complete, comp~y with and abide by each and every the stipulations, ag?eements, conditions aod covenants +n said promissory note and th~s mcrtgage set fwth. 9. That in the event the ownersh~p of the mortgaged premises, o? any part thereof, becomes vested in a persw~ other thsn fhe MORTGAGOR, ths A10RTGAGEE, its successors and assigns, may, wishovt nor~ce to the MORTGAOR, deal with such successor or successor in interest with reference to this ~~o~tgage and the debt hereby secured in the same manner as with hloregagor without in any way vitiating or d~scharging the Mortgagori liability herr vnder o~ upon the debt hereby secured. ko sa!e of tl~e Fremises hereby rnortgaged and no (orbearance on the part of the MORTGAGEE or its svctessort or ass~gns and no exrension of rhe time ior ~he payment of the deb+ hereby secu~ed given by the MORTGAGEE or its successors or auigns, shall operate io release, diacharge, modify change or aifect the orig~nal liau~l~ty of the MORTGAGOR herein, either in wkole or in part. 10. tt is speuficatly agreed tha~ time is of the es`il:c~ of this contract and ~hat no waiver of any obligaNon hereunder w of the obligstion sa c~red he~eby shall at any time thereafter be held to be a waiver of the terms hereof or of the instrument secured herby. ~I1. In addnlon to fhe (orego ~~g monrhly payments oi prirzc pal and interest requir~~~~ the promiuory note secured hereby, rtwrtgagor covenants a~d agrees ro pay to mortgagee v.ith each momhly pay~.:ent an add~~ional sum estimares tgagee to be equai to 1~'12 of the annual cost of the follow- ~:~g: V' Q~, A-All reat prope.ty taxes levee~ or assess~d aga~nst the a6ove desc~ibcdf~~~e- ~f`" B-Prem~ums on f~re and windstorm inwracce as he~e~n requ~red to ~c~ ' r1 the improvemeots rtuate on the above described premises. C-Premiums on svch mortg~ge guaranty insu~ance as mortgagee s- I~~ to time deem fit to cs+ry on the loan secured hereby. I Mortgagee sha:l fiom f6me to t~me notify mortgagor in wr;t re ~~aRf"O U~due and payable hereundrr and svch som shali thereupon be due and ~ c.jvable on the due oafe of ~he next month!y payment and e~ 1~ thl~eEter ur.til mor gee shall notify mortgagor of a change in such ! ~-~ount. Such s~ms sha~l be ap~~;~ed by mo+tgagee ~oward ~ ~~~~lrry taxes, ins nce prem~ums, a~x! matgage guaranty insurante i nremiums. ~~a ~ N~'~ITNE55 WHfREOF, the said MORTGAGOR se~~)fs bal~ a~ seal the y~year first aforesaid. E , Sealed d' in the presenc ~ _~-W"" t~ ~~1~~,~`~C'~~ ~ a/ p ~ ,o~~ nna ve yn ~ ~p a4 - - ~a~ _ ~v'`~ ~-n S ~ ATE OF FIORIDA COUNTY OF St. I.l1Cle ~ ~ _ Befwe me personally appeared Aiitla FveZyn Phill ~ns La b~ a widow ~11 ~axatf~- to me well known and k~own to me to b~ rhe ind~viduaf~l described in and who executed the fwego~ng instrument, and scknow{edged before me that !~~/eaecuted the same for the purposes therein expressed_ ibi!'x~k~beS6t~ - oE~voe~o~c x~oob0~mtxsadxx~c ~ ~~TN~E~y hand and offiuat seal this___ ~ ' day of $e te ! A. D. 19~_ ~ • _ Ft~.~c a~~ RECOROEO ~ ST.IUCiE COUNTY flw• Notary Public in snd a the S~att of'~f~of ~rQ~;:,,' ROC:.F r ~STRAS ~ y Comm~ssion expira: ~ R~t~.,, To: c«RK c~~ ~UIT COURT f. . F~r:t Federal Savings 3 toa~ Assoc~at~o~pECQRD VE?s~F1E0 MOTARY PUBlIC ^T!?!' s~ _ ~ p~ iort P,f,ce. ~H ~~I QENERAI If~^.!:.1iJC:' 11 ~a~~~ • r~ FWt Rerce, itc~~da r' 11 `~~~.Y•~ rJ ` ~ J . ~ f~~ ~ 215610 3 .,z - ~s .......-aE ~ ~ t . .r;•. ;;NIN~~ This Instrument Prepared By ,lohn k'. Col l ins First Federal Savings 8 loan Association of Fort Pierce ~ F lor i da Checked BY ~ 1~ 1t7 PAGf so~~ 5 1829 a E,.~ _ .Trn.~ _ -