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Home My WebLink About1835 3. To ptace and continuously keep on the build;n9i now oi hereafter tituate on suid land and on al) equip~ne~~ and pe?sonally covered by thii mo?tg~ ags, with all premiums thereon paid in full, fire insurance in ths usual ~1a~dard polity (orm, in a sum approved by the MORiGAGEE, and windstorm insvrance in ~he usual ~~andard poGcy fam, in a ium appro~ed by the MORTGAGEE, i~ such company o? companiei as the MORTGAGEE may directj and ~II firs and windstorm insurance policies on any of said build~~gi, any interast the~ei~ or part thereot, i~ the sgg.rgate svm ~1wei+id w in excess thereof, shall contain ?he usual s~andard matgagee clauie a such other clavse as the Mwtgages may requ~?e, makiny tlia loss vnde~ w~d poli- cie~, each ~nd every, payabte to said MORIGAGEE as ifs intereil may appear, and cach and every such policy ihall be p~omptly ass gned and delivered to •ny held by said MORTGAGEE as tunher security ro uid mortya9s debt, a~d, not leu t1~an ten (10) days in adva~ce of ~he expiratiw? ol each policy, to de- livet to aaid MORTGAGFE a renewal Iheraof, toyethet with a receipf /w fhe p~emium of such ronewal; and lhere shall be no i~re or windstorm insu~aote p~ated on ~~y of said building~, any interest therein w pa~f Ihereot, unleu in the form and with the lou payable at afwcsaid; and in the event a~y sum of money becomes payable unde~ suth policy w policies said MORTGAGEE shalt have the opt~o~ to reteive and apply the same an accoun~ of the indebtad- neu tecu~ed hereby or to permi! said MORiGAGORS t6 reteive and uae it or any parl thereof for othcr purposes, wilh7ut ~h~+cu~ waivin3 or unp:,ir- ing any equity, lie~ w righl ~ndcr or by virtus of this morlgaye; and in the event ia~d MpRTGAGORS shall fw any reason fail fo keep the sa~d premise~ so insv~ed, a fait to detive~ promptly any of said polrcies of insu~ancs to sa7d MORTGAGEE, w!a;! p~omptly to pay futly any pre~nium therefor a in any respect fail to perfam, diacharge, execute, effect, complete, canply with and abide by Ihis covenant, a sny part hereol, sai~ MORTGAGEE mey piace and pay fw such iniurance w any parf thereof without w~ivir?y or affediny ~ny option, lie~, equity, or r~ght under w by vi~tue of th7~ Margage, and fhe full amount of each and ewry such payment shall be immediately due and payable ~nd ihall bear interest from tho date thereoi u~til paid at the ~ata ot ~~ne per centum per annum and together with suth Intereat thall be secured by the tien of this mwtgage. I. To permit, tommit or suffer no waste, Impairment or deterioration of said property or any part thereof. 5. To pay all and tiregu~u the coats, tha~ges and expenses, inctudirg a reasonable attorney`s (ee a~d costa o( absfracts of title, incurred or pa;d st any fims by said MORTGAGfE, becavse o~ in the eveM of the failure on the part of ~he said MORTGAGOR to duty, promptly and fully periorm, d~acharge. execute, ef(ect, complete, comply with and ab:de by each and every the stipula~~ons, agreeme~ts, conditiont, and covenants of said promissory note and thi• mortgage any or eirher, and sa7d cosn, charges and eapenses, each and every, shall be immediately due and payable; whether a not there be ~of~ce d~ mand, attempt to collect or suit pending; and the tul) amount of each and every such paymcnt shall bear interest from ~he dale Ihereof until paid al Ihe ra~e oF nine per centum per annum; and ail said costs, tharges and expenses i~+curred a paid, togrther w~th such inte~est, shall be secured by the lien of thii mwtpage. 6. That (a) in the evenl of any breach of this Matgage or default on the part of the MORTGAGOR, w(b) in the event any of utd sums of mo~ey herein referred to be not promptly and fully paid within thirty (30) days ~ext after the same severally become due and payable, without demand or not'ece, o~ (c) en the event ench and every Ihe stipulatioos, agreements, conditions and covcnants oi sa;d promissory note and th~s mortgage any or ei~her are o01 ~~ly, promptly and fully perfwmed, d~xharged, executed, effected, completed, complied wi~h and abided Sy, then in e~ther w any s~ch event the said ag~ gregate sum mentioned in said promisswy note then rema+nirg unpaid, with intere~t accrued, and all mo~eys secured hereby, shall become due and pay i able for~hwith, w thereaiter, at the option of said N10RTGAGEE, as fully and completely as if aii oi ehe said sums of money were orginatly it~pula~ed ~o be paid on such day, a~ything in sa~d p~om~sswy oote or in this Mwtgage to the conr.ary notwi~hstand~ng; and thereupon or the.eahe~ a~ the option of said MORTGAGEE, withovt notice w demand, suit at law or in equity, therefae or thereafter begun, may be prosecuted as if all moneya secured hereby had matured preor to its institution. I 7. That in the event thal at the beginning of or at any time pend~ng any suit upon this Mo~tgage, w to iwectose it, w to reform i~, or fo enfo~ce payment of any claims hereunder, said MORTGAGEE shatl apply to the Court having jurisd~uion thereof for tbe appointment of a Receiver, auch Court shatl Forthwith appoint a receiver of said rnortgaged prooerty alI and singular, includ~ng all and singular the intome, p~of~ts, iss~es and revenues from whatever source de+ived, each and every of which, it being expressfy underatood, i~ hereby mo~fgaged as if spec~fically set fwth and deuribed in the granting and habendum clavses hereof, and such Rcceiver shall hsve sIl the broad and e(fective funct~ons and powers in anywise entrusted by a Court to a Receiver, and such appointme~t shall be made by such Court as an admitted equity and a matter of absofute rigAt to said MORiGAGEE, and withput relerence to the adequacy w inadequacy of the val~e oi the property mwtgaged or to the sotvency or i~solvency o( said MORTGAGOR pr 1he defe~xlanta, and that such renrs, profin, income, issues and ~evenues shall be applied by such Receiver according to the lien or equiq of ta~d MORiGAGEE and the practice of such ' CouA. 8_ To duly, paompHy and fully pcrfwm, discharge, execute, efiect, complete, comply with and abide by each a~d every tAe stipulations, agreements, :onditions and covenants in sa~d promissory note and this mortgage set forlh. 9. That in the event the ownership of the mortgaged premises, or any pert thereof, becomes vested i~ a person othe? than the MORTGAGOR, the ~ MORTGAGEE, its succeuors and assigns, may, wi~hout notice !o the MORTGAOR, deal wifh such succeuw or successor in interest with reference to this mortg~ge and the debt hereby secured in the same manner as with Mortgagor withoul in any way vitiati~g pr d~uharging the Mortqagon' liability herr ~ undcr a upon the debt hereby secured. No sale of the prem~xs hereby mortgaged snd no forbearance on the parr of the MORIGAGEE a its successors ~ or assigns and no extens~on of the time for thc payment of the debt hereby secu.ed g~ven by tF?e MORTGAGE'_ or its successors or ass~gni, shall operate to release, d~scharge, modify change or affect the original liabil~ty of the MORiGAGOR herein, eithcr in whole a in part. ~ 10. It is specifically agreed that time is of the esxnce of th7s contract and that ~o waiver oi a~ly ob~~gation hereunder or of the obtigation se- tured he~eby shall at any time thereafier be held to be a waiver of the terms hereof cx oi tAe instrument secuted herby_ I1. In add~tion to the forego:ng monthly payments of princ'pal and interesl required by the prom~ssory no!e secured hereby, mortgagar covenants and agrees ~o pay to mo~tgagee weth each momhly payrnem an add~~ional sum estimared by mortgagee to be equal to 1; f2 of the annual cost of 1he fotlow- ing: ' A-All real property taxes Ievied or assesscd agai~st the above described real estale. B-Prern~u~ns on iire and windstorm insurar.ce as herein requ~red to be carried on the improvements situate o~ the above desaibed premises. ~ C-Prem~ums on such mortgage guaranty ir.su~ar,ce as mortqagee shall (rom t:me ro time deem fit to carry on the loan secured hereby. Matgagee shatl from hme to t~me noti(y mortgagor in writinq of the amouro due and payable hereunder and svcb su.m shaU fhereupon be due and ~ F.~yable on the due date of the neat monthiy payment and each successive month thereafter uctit mortgagee shall notify mortgagor of a change in such a~rwunt. Such sums shall be applied by mortgagee toward the payment of real property taxes, inwrance prem:ums, and mortgage gua~anty insurance ~•emiums. . 1 ; IN WITpJE~S WHERcOF. +he said MORTGAGOR has hereunto set his hand a~d seal the day and year first afaesaid. ; Sig , Se d a deli red in 1he p?ese~ce of: ~ .J ' i / ap ~ (Seal) (Seal) STATE OF FLORIDA 1 COUNTY OF S? . WCIE 1 ~ Befwe me penonalfy appeared -hatles A~ C~ 1~tt]rA~~ ir _ Mat~/ .~~ii@ CaZIStZOd his wife, to me well k~own and known ro me to bs rhe ind~vidusts described in end who lXKUiCd the loregang insfrument, and acknowledged befwe me that they executed the same fw ihe purposes rherein expressed. And the said- - ~rY .Ja=1Q Car13LrOd w~te of rhe sa~d Charles A. Carlatrom, Jr. - trpon.f ind priwt~ exam~nation by me taken separate and apart from her seid husband, acknowledged to and befo~e me that she executed S~d~i~ruhNl~.~pP~l and volurr rar~iy and without any compulsio~, constraint, apprehens+ , or fesr o( pr irom her said husband. • , WITNf55 my hand end official seal 1hi _ day of /~11 t~St 19~_ . . . Notaty Public in and for ih? $~/~p O F t~'LirQj Retum io: - My Comm~ss~oa expires: ~ ! . , ~ , ~ First feder~l Savi FiLE~ A11 ~~~RY ~~r~ FCdRIDA a! LARGf ngs a losn Assodation St. IUCIE COUNTY F~A. ' r~~EPT. 25. 1915 Oi ~ort P:erce. ' f~n~ ~ Fort P~e~ce. Flcrida ~~~ER ?DlTRAS t • - CLERK CtRCU1T QOURT RECORO VfRrF?ED This Instrument Prepared By John A'. Collins 1~ ~7 ~ f?' First Federat Savings & loan Association ot Fort Pierce ~ F lor i da ~h~k~ gy 215613 ~ goo~ 195 ~i833 - i3 ~.m ~ - - - - - - ~ - - -