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Home My WebLink About1331 ~ 3. To place and coMinuously keep on the bu~:dmgs now o~ herrafter siluate on sa~d land and on all eq~ipm~m and persona~ly covered by ~his mo~ sgs, with all promiums ~hereon pa~d ~n iuil, fue i~iswar.,e ~n ihe ua~al standa:d polrcY form, in a sam app~oved by rhe MOR~GAGEE, and wmdsto ~n~uraoce in ihe usual sundard poLCy form, in a wm app~o~ed by ihe MORIt3AGEE, in such co~npany o~ compen~es as ~he A10RIGAGEE dircc~; and all fire and w~~dstorm ~nsurance poiK~ei on any of se~d bu~ld~ngs, any interes~ therein or part thereof, in the aggregaTe s~~n atorosaid in excess ~bereof, shall contain the usual standard rrwrrgaqee clause w wch other clauae as Ihe Mortgagce may req~ue, maling the Ioss u~.drr sa~d po c~es, each and every, payabte ro said MORIGAGEE a~ ns ineeresl may appear, and eech and every suth poi~ty thall be p~omptlY ass gned a~~d de:~~ared ~ sny held by said MdRfGAGEE as F~r~her secunty ~o sa~d mwtgage debt, and, nat less fhan ten (10) days in ad~ance of the eapiranon of each po!~cy, to d. irve~ to said MORTGAGEE a renewal ~hereof, toge~htr with a rece~p~ fw the premwm of such renewal; and there shall be rw fue or wlnds~orm insuranc plsced on any of :aid bui!dings, any intrrest Iherem w part thereof, unless in the form and with the loss payable as aforesaid; and in ~he event any su~ of mortey b~comes payable under such policy w pol~cies said MORTGAGEE shall have ~he opr:on to receive und apply the same on ac,ount o1 tF~e indebivd ness secured hereby or to perm~t sa~d MORiGAGORS Io reteive and use it w ony part the:eoi io. o:~~~r purposes. ~vn~o~t ~h~•~ ur .v.:~~~.~3 0~ ~~•~a~~~ ing any equ~ty, Ii~n w right u~de~ w by virtue of this mo:tgage; and in ~he even~ sa~d MORiGAGORS shal~ .'o~ any reason fafl ro keep the sa~d premisrs so inwred, w iail ro deli~er promptly a~y of said poGties of insurance to said MORTGAGEE, w fa~t prampfly to pay fulty any pre~nw~n therefor o~ in any respec~ lail ~o pe.Form, d~scharge, execute, eftect. complete, compiy wiih and ab~de by th~s covenam, or any pa~t hareof, s.ud MOR7GAGEE may p~ace a~o pay (or such insurance or any part thrreof w~~hout waiving or affecting any op~ion, lien, equny, or nghi under w by v~rtue of ~hts Mortgagr, and iht tu11 amount of each and erery such paymeM shall be immediately due and peyable and shall bear interest from the data thereof u~~til p,id at the rate of n~ne per centvm per a~inum and to~elher w~th suth imerest shaN be srcured by the lien ol lhis mortgage. To per~iit, commit or suFfer no wa~te, impairment w deterioration of said property w any part thereof. S. To pay al~ and singular the costs, charges and expenses, including a reasonable a~twney'a fee and costs of abstratta of tit!e, incvrred or pa~d at any Gme by aa~d MORTGAG:E, because a in the evem of thc (a~ture on ~ne pan of ihe said MORTGAGOR to duly, promptly and futly perform, d~scharge ~xecute, e~fect, complete, comply w~th and ab:de by each and every the s~ipula~~ons, agreements, condit~ons, and covenants of said pro~nissory ~ote and ~h,s morrgage any or either, and sa~d cosrs, charges and eapenses, each and every. shall be immediatety due and payable; whether w not ~here be not~ce dr mand, attempt ro co:lect or w7t pend+ng; and the full amoum oF each and e~ery such paymem shall bea~ i~terost }rom ihe date ther.wi uro~I pald a? the r~re o~ nine per centum per annu:n; and all said costs, charges and ex~nses incurred o+ paid, together wnh such interes~, shall be secured by the I~en of thi~ mortgage. 6. That (a) in the eve~t of any broach oi this AAc~tgage or default on the part of the MORTGaGOR, w;b) in the event any of u~d sums of money herein reterred to be not premptly and fully paid wi~hin th,~ty (30) days next arte. the same seve.atly become due and payabte, without demand or notice, or (c) in the event each and every fhe stipulations, agreements, cond~tions and covenants of sa.d promissory ~oie and th~s mortgage any or e~~her are not ~uly, promptly and fully performed, d,scharged, exec~ted, eftected, completed, compl~ed wi~h and ab~ded 5y, then in either or any such event the sa~d ag ~regate sum mentioned in said promisswy note Ihrn remaining unpaid, with interesi accrved, and ail moneys secured hereby, shall become due and pay ae:e (orthwith, or thereafte~, at the optio~ of said MORTGAGEE, as fuily and comple~ely as i1 all of ~he said sums of money were w~girta:ly st~puiated ro be pa~d on such day, anything in sa.d prom~ssory note or in this Mortgage to the co~irary nutw~thstand~ng; and the~eupon o~ thereafter at rhe opnon o( said MORTGAGEE, w~thout not~ce or demand, suit al law w in equity, therefore w thereaf~er beg~n, may be prosecuted as it all moneys secu~ed hereby nad matured pnw ro ~ts instifution. 7. That in the event that at the beginning of or at any time pend;ng any suit upon this Mortgage, or to fwetlose it, or to ~efwm it, or to enforce ;,aymero of any claims he.eunder, said MORTGAGEE shall apply to the Court having junsda~on fhereof for the appo~ntment of a Receiver, such Court shall Fc:rhwith appoiM a recerver of said mwtgaged propcrty all and s~ngular, ?ndud~ng all and singu~ar the income, p~ohts, issues artd revenues from whatever so~r~e derived, each and every of wh~ch, it be~nq expressly vode~srood, is heretxy mongaged as if spec~(ically set fa~h and dewi6ed in the graroing and habendum clauses hereof, and such Receive~ shall have a!~ the broad and effective funct,ons and powers in anywise entrusted by a Cou~t to a Receiver, and s_ch appointment thall be made by such Cou.t as an admitted equity and a matter of absoi~te r~ght to sa~d MORTGAGEE, and wifhout reference to the edequacy o~ inadeq~acy of the value of rhe property mortgaged or to the so:vency or ~nso:vency o( sa~d MORiGAGOR or the defendants, and ~hat such ,e~TS, profits, incane, issues and reven~es shall be applied by such Rete~ver accor~~ng to the fien or eq~ity of said MORTGAGEE and the pra~tice of such Court. 4 8. To duly, promptly and fully perform, discha~ge, execvte, effect, complete, comply with and ab~de by each and every the stipulations, agreements, ~ :onditions and covenan~s ~n sa~d prom~s:wy note and th~s mortgage set forth. 9_ That in the event the ow~ership of the mortgaged prem~ses, or any part thereof, 6ecomes vested in a person other than the MORTGAGpR, the ORTGAGEE, its successors and asaigns, may, wi~hout no~ice to the A10R!GAOR, deai with such successor or succeswr in interest with reference to this ~ o~tgage and the deb~ hereby sec~red in the same manner as with Mortyagor w~thout in any way vit~ating or d~scharging the Mortgagors' liabitity here- ..~der a upon the debt hereby secu~ed. No saie of the premnes hereby mortgaged and no (orbearance on the pan of the MORTGAGEE or its successors or ass~gns and no e:tens~on of ~he time for rhe payme~t of the debt hareby secured given by the MORTGAGEE or its successws or aas:gns, a~tiall operare ro release, d~scharge, modify change or affect the orig~nal I~ab~;~ty of the MORiGAGOR herein, e~ther in whole or in parr. 10. It is spec~ficaliv agreed that time is of the essence of this contract and that no waiver of any obi;gation hereunder or of the ob~igat~on se- a:~ed hereby shall at any time thereafter be he:d to be a wa~re~ of the terms hereof or of the instrument secured herby. 1 l. In addaioh to the forego n9 month!y paym~nts of princ pal and inrerest requ~red by the prom~ssory no!e sec~red hereb~, mortgagor covenanfs ~^d agr~¢s to pay to mortgagee vv~th each moc,thiy pay~~ent an add~~ional sum esr~:,~ated by mortgage_ to be eq~al to 1, 12 of t:~e annual cost of the follow- f A-All real prope.ty taxrs lev~rd or assessed aga]nst the aoove desaibed real esrate. i ~ B-Pren:~ums on fire and w~ndsro-m ~nsurar.ce as nere~n requ:red to be carried en the ~mprovements s~tuate on the above dascribed premises. ~ C-Premiums on such mortgage guaranty insura.~ce as mo~tgagee shall from t me to t~me deem fit to carry on the loan sec~red hereby. Mortgagee shail frcm ume to time notify morrgagor ~n wrir~ng of the dT.OJ1~ due and payable he~eundrr and such svm shall thereuFron be due and ! ia,able on the due dare of the next month!y paymem and each successive month thereafler urnil mortgagee sha4t not~fy mortgagor of a change in wch , ount. Such sums sFail be app!~ed by mortgagee toward the payment of real properry taaes, insurence prem:ums, a~id mortgage guaranty insurance q c•emiums• IN WITNE55 WHEREOF, the sa~d MORTGAGOR has hereunto set his hand and seal thr day and year first aforesaid. ~ Signed, Se~led and delive~ed in the presence of: ~ alj ~ - owa rd R. L h~ _tseaq -(Sea~) F e . r ~ - - t5eaq ~ ~ ~ S i ATE OF FIOR A t = COUNTY OF St. Lucie { ~ s~to.~ me personally appeared Hoxa rd R. Lohr ~ $u e E. 1'Oh r his wife, to me well k~own and known to me to be :i th? individ~als desuibed in and who executed the foregang instrument, and acknowtedged befwe me that they executed the same for the purposes ~ ,t therein expressed. And the said $ile E, L.ohr r,~fe of the said Howa rd R. Loh r , ~pon a sepa~ate snd private e.aminat~on by me taken separate and apart from her said husbaod, acknowledged to and before me that she executed said instrument freely and voluo- ~a~ry and w~thout any compu~san, constra~nt, appreh ~on, fear of or from her wid husbsrtd. ~ WITNESS my hand and offitial seal th:a day Februa. p_~~q~2 _ - Notary Public i nd for t Stat i~a at ler9e .y ~j My Comm~ssion expircs: • al~ ~ Rerum To: I ~ !~-J ?r' - Finr Federal Savings a Loan Associat;on ' - Of Fort P.crce. ~~n(~ . . . . - - Fort P~erce, Flor~da v . . • • • _r . fILEQ ':'13 =ECCRDEO , ~ ' ST. LUCIC ~~UNTY ~lA. _ a-,r,. . F~, :~aS - This Instrument Prepared By RiChard K. Kayes C'_E::t ':,O~A7 - First Federal Savings 8 loan Association R`~~~ - of Fort Pierce , Florida ~ FEB 7 I 25 P~'ZZ 1,,,/rl Checked By ~ - ~'(p`~ u;-=, v~ a~~~.99 ~1330 _ - _ _ _ _ - :