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Home My WebLink About2569 • ! ; 3. To place and continuous~y kcep on the bui!dings now or hereaiter ~ituate on sa~d land and on all cquipment and perso~ally covered by this mo~ . sge, with sll premiums thereon paid in full, firc ~~suroncc in the usua! s~andard polity fOrm, in a sum approved by ~he MORIGAvEE, and windsto insuronte in the usual s~andard po~~cy ~orm, in a sum approved by the MORiGAGEE, in such tompany or tompanies as the MORTGAGEE m j d~rect; and all fire a~d w~odstorm insurance poticies on any o( sa~d buiidings, any interes~ therein or part thereof, in the aggregate sum afo~esaid io excess the~eoi, shall co~tain the usual standard mongagae c~ause or such othcr clause as the Mo~tgagee may requ~re, making the Ioa~ undcr sa~d po c~es, each and every, payabte to said MORTGAGEE as ~ts intrr~st may appea~, and cach and e~e~y ivch policy shall be promptly asa 9ned and de~~vered ~ any heW by said MORiGAGEE as {urther security to sa~d mwtgage debt, and, nol !eu Ihan ten (10) days in advance oi the e~piration of each policy, to d~ live~ to ssid A10RiGAGEE a renewal the~eo(, IogNher with a rece~pt for the prr~nium o1 such renewul; and ~here shall be ra fire or windsro~m insuranc placed on any of said buildings, any irocrest Ihcrein o~ pa~t ~kereof, ~n~ess ~n the fonn and with the Ioss payable as aforesaid; and in lhe evero any sun of mo~ey betomes payable under such policy or pol~cies said MORiGAGEE shall have ~he opt~on 1o rece~ve and apply the same on accounl of the indebted ness secured heroby or to permit sa~d MORTGAGORS 10 ?ctieive and use it or any pa~t thc:eof tor o:n~.•r {zwpwsrs, w~+ho~t ih-rro~, waivin3 or unpair ing any eqvity, lien or right un~+er or by virtue of this mo:'gage; and in the event sa~d MORiGAGORS shall for any reason fai) to keep the said pre~nises so ~ insured, or fail to deliver pranplly any of said po~~ties of insurance Io sa~d MORTGAGEE, w fail promptly to pay fulty any pranium therefa o~ in a~y rexped fail to perfwm, discharge, execute, eifett, comp~ete, co~nply with and abide by ~his covenanl, or any part hareof, said MORTGAGEE may p~sce a~~d pay fw such insurance o~ any pa~t thereof wlihout waiving or affecting any option, lien, equ~ty, or right under or by vi~tue oF this Mortgage, and the ~ full a~»ouM of each and e~ery such payment shall be immediately due and payabte and shall bear iMerest from Ihe date thereof until paid at the rate of n~ne pe~ cemum per annum and together wiih iuch inte~ast sha~i Ge sacured by the lien of this morfgage. 1. To permit, tommit w suffer ~o waste, impairment or dete~ioration ot said property or any part thereof. 5. To pay all and singular the costs, charges and expensrs, including a reasonabte atto~~ey i fee artd costs oF abstracts of title, incur?ed o~ paid at , any time by said MORTGAG£E, because or in the evem of the failura on Ihe p3rt of the said MORiGAGOR to duty, promptly and fu1:p-perfo~m, d~xharge. ; execute, effect, tomplete, comply w~th and ab:de by each and every the stipvla~~ons, agreements, conditions, and covenants oS said p~omissory note and this ~ mortgage any or e~iher, and said cosrs, charges a~d expenses, each and every, shal! be immediately dve and payable; whether or oot there be notice dr ~ mand, attempt to collett or suit pending; and the full anwunt of each and eve~y wch paymeN shalt bear interest from the date thereof until paid at the rore of nine pe~ cenWm pe~ annu~~; and all sa~d costs, cha~ges and cxpenses incurred or paid, together w~th such in?erest, shalt be setured by the lien of this mortgage. b. That (a) in the eve~t of any breach of this Mortgage or default on the part of the MORTGAGOR, or (b) in the event any ot snid sumi of money herein referred to be not promptly and lully paid within th~~ty (30? days next atter ~he same severa'3y become due and Rayable, without demand or nofice. or (c) in Ihe event each and every 1he stiputation:, agreements, conditions and covenants o+ sa:d promissory note and th~s morlgage any or eithe~ a~e no1 ~uly, p~omptly and futly performed, d~schargcd, executed, effected, canpleted, complied v~irh-and abided ~iy, Ihen in either a any such event tM taid~ a¢ gregate sum mentioned in said promisswy note then remaini~y unpaid, with intere~~ accr~ed, and atl maneys setured hereby, shall become due and pay abie forthwith, o~ ~herea4ter, at the opt~on of said MORiGAGEE, ee fully a~xi compietcly as i( all oF the said sums of mo~ey were or~ginally stiputated ro be paid on svth day, anything in sa.d prom~sscry note or in this Mortgage to ~he contrery notwithstanding; and Ihereupon p therealter at the option of i~:d MORTGAGEE, without norice or demand, suit at law w in equity, therefore w Ihereafter begun, may be prosecuted as if al) moneys tetured hereby ndd matured pnp to its institut~o~. That io tMe event that at the beginning of or at any time pending any su~t upon th~s Mo~tgage, w to faeclose it, or to reform it, or to enforce payment of any tlaims hereunder, said MORTGAGEE shall apply to the Cou~t i~aving jur~sd~ction thereof for tAe eppo~ntment of a Receiver, such Cour1 shall forthwith appoint a receiver of said mortgagrd property all and s~ngular, i~clud~ng al? and s~ngu~ar the income, pro(its, issues and reve~ues from whatever seurce derived, each and every of wh;ch, it being expressly understood, is hereby mo-~gaged as ii spet~Ficatly sef fath and deu~ibed in the granting and habendum c~auses he~eof, and such Receiv~r shali have atl the broad and effecnve funct,ons and powers in anyw~se eMrus{ed by a Cour1 to a Receiver, and s~ch appointment shall be made by wch Cou~t as an admitted equity and a maver of absolu~e rigM to said MORTGAGEE, snd without reference ro Ihe adequacy w inadequacy of the value of the property mortgaged or to the so~vency or insowe:~cy o( said MORTGAGOR w Ihe defendants, and ~hat such rems, profits, inca~, iss~es and revenues :hall be appiied by such Rete~ver accord~ng ro the Iien a equity of said MORTGAGEE and the practice of such Court. 6. To duly, promptty and fully perform, discharge, ezecute, eifecl, complete, comply with and abide by each and every the stipulations, agreements, conditions and covenants in sa~d promissory note and this mor~gage set forth. 9. Thaf in the eve~t the ownership of the mortgaged prem~ses, or a,~y part thereof, becomes vested in a person other ihan the MORTGAGOR, the MORTGAGEE, its successors and ass~gns, may, wrthout notice to the MORTGAOR, deal w~th such successor or successw in interest with reierence to this n~o~~gage and the deb~ hereby secured in the same manner as with Atiortgago. w~thout in any way vit+ating w d~scharging the Mwtgagori liability hert under or upon the debt hereby sec~red. No sale of the F~emises hereby mo~tgaged ard no forbearance on ~he part of th~ MORTGAGEE w its successors or assigns and no extension of the ti~ne for the payment of the debr hereby secured g~ven by the MORTGAGEE or its successors w assigns, stiall operate to release, discharge, modify change w affect the original Iieo~l~ty of the MORTGAGOR herein, either in whoie w in part. 10. It is specifical~y agreed that time is of the esse~ce of this cantract and that no waiver of any obl~gation hereunder or of the obligatan se- c~red hereby shall at any time thereaFrer be hetd to be a waiver of the te~ms hereof w of the instrument secured herby. 11. In add:no~ to the forego'n9 month!y payments of pri:~t pal and imerest requ~red by fhe prom ssery no!e secured hereby, mortgagor eovenaMS ; and agrees ro pay to mo-tgagee v~~th each mo~rhiy pay~.:e~~r an add,+ional sum esr~n,ateJ by mortgagee to be equal ~0 1; 12 of the annual cost of the follow- i :ng: ~ A-All real property tax.s levied or assesscd agai•.st the abovr described real estate_ ~ B-Premfums on fire and windstorm ~nsuracce as herein requ;red to be carried o~ the improveme:its sitvate on the above described premises. C-Premlvms on such mortgage guaran:y icsurar~cc as mortgagee shall from t~me to time deem fit ro carry or+ the loa~ secured hereby. Mortgagee sfiall f~om time to time not~fy mo~tgagor in writ~ng of the amount due and payable hereunder and such surn shail thereupon be due and ! ~ayable o~ the due date of ihe next month'~ payment and each successive month thereafter urtil mortgagee shaU notify mortgagor of a change in such a>>oum. Such sums shal! be applied by mortgagee towa:d the payment of real property faxes, insurante prem:ums, and mortgage guaranty insurante j p~emiums. ~ ~ IN NITNESS YJHER F, the sa MORTGA has hereunto set his hand and seal the day and year first aforesaid. f _ ' n4d, Seal and deli red ' t p~esence of: , ~ r5ea4 a r . er ~~n r ~$v (Sea~ eanor ~~i ez ~ _ S i ATE OF FLORIOA ~ _ ~ COUNTY OF St. Lucie ~ ' Before me personally appeared wa=d S. Oublez ,,,d ; Eleanor E. Gubler his wife, to me well known and known to me to bs ~ rhe individuals described in ar.d who executed the foregoing instrument, and atk ~edged before me that they executed the same iw the purposes - the~ein expressed. Md the said Eleanor B• ~IQr ~ N~fe of the said wBld ((~blez ~po~ s xparate and privat~ e¦ammanon by me taieen srparate and apart from her sa~d husband, ac4nowiedged to and before me that sne executed ssid inabvme~l ireeiy ~~d vawr rar~{y and w~thovt any compulsion, constraint, appre/he~ns.on, fear of ot from her said husband. WITNESS my hand and offic~al seal thia__ _-aL_~~ day of__ S t~~r . A. 8. 17 "?l r . t- ~ s r. ~ . ~ ' ..y , ~,t~,. Natsry Public in a~d for t Stat of ~ ~ ~ My Commission expires: . T ~`l... R«~.~ To: 12 , ; - ; ~ ~ First Fedenl Savings a loan Association 2161 _ / v~' p f~ ~ Of Fort V.e~ce. ~~i' ~ , ; ~ ~ ; ti ~ ~ ~ Fott P~erce. Florida CO~DEO ? ~4 R~ ~ fILE~~ ~ ~pUMSY fl~• : C:. Sj. p1~RA5 ~ ,4 ..Z 4tOK GU~t ~O~pt . This Instrument P~epared ByRiCtlaid K. KayQ~~~ER EN~F~EO~ ~ First Federal Savings 8 loan Assouation af.C~A~ ~ t~, of Fort Pierce , Rlorids 2~ ~ 5'~ Q~ S~ - - ~ Checked By ~ r. ~ g4RK19~ PAGE256~ , , ~.t, ; - w = 4 . .:r~~ .F .z-...~.~y,~a .,c. _ _ , _