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Home My WebLink About1162 3. To place and co~tinuously kecp on the bui`.d~ngs now or hereafrer situate on sa~d land and on ell equ~p~nent and personally covered by ~his mo~ ege, w~th all prem~ums ~hereon pa~d in full, f~re insurance ~n the vsual standerd po~~cy form, in • sum approved by the MOR~~aAGfE, and w~ndsto insurance in tM usual s~andard pot~ty lam, in a sum approved by the AM7RTGAGEE, in such tompa~y or companie~ as thr MORiGAGEE m d~red; and all fire and w~nds~orm iniurance pol~c:es on sny of ~a~d bu~td~ngs, ~ny interes~ therein oi p~~t thereof, in the agg~e9a~e sum aforesaid in exces~ thereof, shetl contain the usual standa~d mortgagee clause or wch other clause a~ ~he Mwtgagee may ~eq~~re, mal.ing the fo~s unde~ aa~d po + c~es, each and every. payabfe ro said MORTGAGEE as +ts intereit may apprar, and eac~ and every such po~~cy ihall be prompl~Y ais gned and de~ivered ~ ~ any held by sa~d MORIGAGEE as Furthet stcurity to said mortgage debt, and, not less than ten (10) days in ad~ance of ~he expirat~on of each pol~cy, to d~ i~ver Io wid A10RiGAGEE a renewal thereof, 1oge~he~ wi~h a rece~p~ ior the premium oi such ~enewal; a~d there shall be no fae o~ wu~dsto~m insursnc placed on iny of sald bu~!d~ngs, any iroerest there~n or part thereof, unless in ~he form and w~~h the loss payable ai aforesa~d; and in the event a~y sun oi money bccomes payable under such policy a pol~c~es said MORTGAGfE ihatl have ehe opr~on to receive and app~y the same on accounl o( the indebted ~ ness secured he~eby w to permil sa~d MORTGAGORS to rcceive and use il p any part thereof for o,n~•~ p~rpaies. v.~~ho~t ih-.. ur .vai+~~~g ur ~~~~pa~r ~ng any equity, lien w right under or by virtue of this moregage; and in the event sa~d MORTGAGORS shall fa any ~eason fail to keep the sa~d p~emiief so ~nsu.ed, w fail to de~iver promptly any of said poGcies of ~n~urance to sa~d MORTGAGEE, or fa~l promp~ly to pay fu~ly any pre~~~~um therefor w in a~y respect fail to perfam, discha~ge, ezecute, efFecl, complete, comply wi~h and abide by th~s covenaN, or any parf hrreof, said MGRTGAGEE may piace and pay for such insurance o~ any parl thereof without waiving or affecting any option, lien, equ~ty, or n~ht under w by virtue of this Mo.tgage, and the f~ll amovnt of eacA and every such payment shall be im~ned~arely due and payable and shall bear inferest irom ~he date ihereof uniil paid a~ the rate ol n~ne per centum prr annum and to~rthrr w~th such interast shali be srcured by Ihe tien of lhis mortgage. 1. To permit, commit or sufter no v?aste, impairmcnt a deterioration of said property or any part the~eof. 5. To pay all and s~ngular the c~ts, charges and expe~ses, includ~ng a reasonsblc attwney i fee and costs of abstracts of titte, incurred or paid a~ any tim,e by ~aid MORTGAGfE, because a in the e~t~t of the iailure on the par~ of the sa~d MORTGAGOR to duly, promptly and fully perlorm, d~uharge. ~xzcure, effed, complc~e, comply w+th and ab:de by each and every the st~pula~~ons, agreements, cond~tions, and cove~~ants of sa~d promissory no~e and ~hii .~,ortgage any w either, a:id sa~d costs, charges and expenxs, cach and every, shall be immediately due and payabie; whether w not there be no+ice dr mand, attempt to cotlep a suit pend~ng; and the full amount oi each and every such paymem shatl bea~ imerest from the date thereof uMit paid at the r:~te ol nine per centum per an~~u:n; and aIl sa~d costs, charges and ex;~enses inturred or paid, toge~her wnh such interesL shell be setured by the lien of this morl~aye. . 6. Thst (a) in the event of an~ breach of this Mwtgage or default on the part of the MORTGAGOR, or (b) in the eve~t •ny of said iums of money herein referred to be no~ promptly and fully paid within ~h:rty (30) days next afrer the same severalty become d~e and payable, wi~hout demand or not~ce, or (c) in the avent each and every the stip~lations, agreements, cond~fiorts and covenams ot sa'.d promiswry nofe a~ th~s mo~tgage any w eilher arc o01 ~uiy, promptly and fully performed, d:xharged, executed, elfctted, completed, complied with and abided by, Ihen in eithe~ or any auch event 1he said ag- ~ gregate sum mant~oned in said promisswy note then remaining unpa~d, with i~terest accrued, and all moneys secured hereby, shall become due and pay- ab e for~hw~th, or ~hereafter, at the option of said MORTGAGEE, as fully and compie~ely as if all of ~he said sums of money were w~g~nally sr~pulated ~ ro be pa~d on svch day, any~hing in sa:d pran~sswy note or in this Mortgage to ~he con~rery notwl~hsTanding; and thereupon a ~hereaf~e~ ~t the op~~on of sa,d MORTGAGEE, without norice w demand, suit at law w in equity, therefore o~ thereafter begun, may be prosecuted as if all moneys secured hereby r.~d matured pnor to ~ts institution. 7. That in the event that at the beginn:ng of or af any time pe~ding any suit upon this Mortgage, a to fweclou it, w to reform i1, or to enforce payment of any claims hereundrr, said MORTGAGEE shatl apply to the Court having ~u~~sd~ct~on ~hereof fw the appo~ntment of a Receiver, such Court shatl Fcrrhwith appoint a receiver of said mortgaged property all and singular, inctud~ng aIl and s~ngular the income, prof~ls, issues and revenues from whatever scurce derived, each and every of wh:ch, it being eapre~sty understood, is hereby mortgaged as if spec~iically sel fo~th and dexribed in the grantin~ a~d habendum clevses hereof, and s~ch Rece~ver shall have all the broad and tffective funtt~ons and powers in anywise emruated by a Court ro a Reteiver, and s_ch appointment shall be made by such Cou~t as an a.~mitted eq~~ty and a matte? of absolute r~ght to said MORTGAGEE, and without reference to the adequacy or inadequacy of the value of the property mprtgagcd or to the soiv~ncy or insoivency ol said MORIGAGOR w the deiendants, a~d that auch , e~rs, prof~ts, incane, issucs ar.d revenues shail be applied by such Receiver accord~ng to tlu lien or equity of said MORTGAGEE and the practice of such Co~rt. 8. To duly, promptly and fully perform, d~scharge, e:ecute, effect, compiete, comply with and abide by each and every the stipuiations, agreements, _cnditions and covenants in sa~d promisswy note and th;s morrgage set fw~h. 9. That in the erent the ownership of the mortgaged prem~ses, or any part tF~ereof, becomes vested in a person other than the MORTGAGOR, the :'~RTGAGEE, its successors arsd assigns, may, Jvithou~ notice to ~he MORTGAOR, deal with such successor a successor in interest wi~h reference to this ~ ongage and the deb~ hereby secured in the same manner as with Morrgagor wifhout in any way viGating w d~xharging the Mortgagori liability hero- u~~der or upo~ the debt hereby secured. No sale of the premiaes he~eby mortgaged and no forbearancr on IF~e part of the MORTGAGEE or its successor= o~ assigns and no extension of the nme fa the payment of 1he debt hereby secured give~ by the MORTGAGEE or its successors or au~gns, ahall operate ro release, d~xharge, modify change or af(cct the orig~nal liab~i~ty of the MORTGAGpQ here+n, either in whole or i~ pa~t. 10. It is spec~fically agreed that time is of the easence of this contract and that no waiver of any obligat~on hereunder or of the obligatio~ se- cured hereby sh~ll at any time thereafter be he!d to be a waiver of the terms hcreof a of the instrument secured herby. ; 11_ In add!tioa to the fwego'ng month!y paymeMS of princ'pal and imerest req~ired by the promissory note setured hereby, mortgagor tovenants E ~•.d agrees to pay to mo:tgagee v.~th eath montniy payment an add~~ional sum esf~m,ated by mwtgagee to be equal to 1 J12 of the annual cost of the fo~low- ~ [ „'3: S ; A-All real prape~ty taars lev~ed or assessed agai•~st the above described reat estate_ ~ ~ B-Prem~ums on f~re and windstorm insurance as here~n raq~~red to be ca~ried on the ~mproveme~ts situate o~ the above d^scribed premises. € C-Premiums on s~ch morigage guaranty ir.surar,~e as mortgagee shafl (rom t~me to time deem fit to car~y on the loan secured hereby. ~ Mortgagee sha?I from time to time notify mortgagor ~n wr~ting of the amou~t due and payable hereunder and such sum ahall thcreupon be due and :~,able on the due date of the neat month:y payment and each successive month thereafter ur.tii mortgagee shall notify rrwrtgagor of a change in such ~ ount. Such sums sha!1 be appiied by mortgagee taward the payment of rea! property taxes, insurance p~em:ums, and mortgage guaramy insurance i ~emiums. ± IN WITNESS +NHERfOf, the said MORiGAGOR has hereunto set his ha~d and seal the day and year first aforesaid. ` ed, Sealed and del' r d"n the presence of: ~ _ ' ^ ~ Sesl) ~ ~ Vir nia S. Hilson ~~,i~ ~ ~ ~ _ _ (Seal) ~ - (Seal) ~ ~ ~ S~ATE OF FLORIDA 1 ~ St. Lucie 1 ~ ~OUNTY OF ~ ~ Before me perwnally appesred V1Z911118 Hilson ~y ~~~f~, fo me well known and known to me to be !he indrvidval~ described in ar.d who eaecuted the foregoin~ instrument, and ackrawledged before me that ~he~ exccuted the same fw the purposes ] r: rherein pxpressed. ~~~~i.~ : ~ ~CI E13# i~l~ ~s! ~i~i ~d ~d0~ ~ ~~se~o.~a~~.vs~ - ~ ~sa~~a~ai~ai~a.~aaaw~~a~.,sa~rtd5s~nsarwe~iea~sa,~s~~m~smst4~ys~nda ~sr~e~d~iot~saoapddaeGStas~t~p~aMp~p~ias F~F~~~i~l~diaAlfMl~~tl. WITNESS my hand snd officinl seal this day of Rebruar a p. 19 92 . . i w~ Notary Public in ~nd iw the S~~ts FloYidt:at Larpe ~ My Commission expires: ~~~~y~ aLIC, S~ATE o! FLORIDA at LAk;;E ' Retum io: r~ Firit Federal Savings 3 Loan Association M`t COYdA71SS[D~~ ExPiRES SEPT. 25. I915 Of Fort P.erce. BO(1dE0~'8~ Nr•encan B,~Jte~s- ns:~rarce ~a. Fort Pierce, florida FILfO ~~r, F•E~ORDEO ' ~`,ti,~ 1'~ ~ sT. ~ucic c~uNTY PIA. - - RC~< < .~~~'~~S . ~ CLERK ~ ~,LtT COURT ~ ; . a f r, n F, r =~.r.---~-- " This Instrument Prepared By John W. Collins First Federal Savings & loan Association fE8 3 3 06 PN ~ 3 of Fort P~erce ~ F loz ida. - 223~rs Checked By 80CK199 PACE1~6~ ' - - - - - - - _ ' - ~ ~ e ~ - - , ~ - _ _ . _