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Home My WebLink About1949 ~ 3. To place and cont~nuously keep on ihe bu~'d~ngs now or Aereaher ~Jtuate on sa~d land and on ali equipmenl antl perio~ally covered by ihis mo~ e9e, w:~h all p~emiums thereon pa:d ~n (uU, fhe i~is~ransr ~n ihe us~al sta~ulard polky form, in a s~m ap~oved by the MOR~GAGEE, a~:d w~ndsro ~nsurs~ce in the usual 3randard pot.cy fwm, in a s~m appro~ed by ~he MORTGAGEE, in such co~npany or compan~es as the AIORTGAGEE m d~rect; and all fire and w~ndstorm insu~ance po6c~es on any of sa~d build~ngs, any interest therein o. pa~t thereof, in ehe aggregate sum aforesaid in eacess thereof, shall :onrain the usual standard mortgagee cisuse u such other clauss as the Mo~?gagee may requ.~e, making the toss u~xJrr sa,d po cies, each and every. payab~e to sa~d MORTGAGEE a~ ~ts i~~rrest may appear, and tach and every suth poi~cy ~haV. be piompUy ass g~ed and dei~ve~ed ~ eny heW by sa~d MORiGAGEE as lwther security to sa~d mortgage debt, and, not less than ten (10) days in advance o( ~he exp~=at~on of each pohcy, to d. I~ver to said MORiGAGFE a renewal thsreof, toge~her wiih a recelpt tor the p.em~um of such ~enewal; and there ~hafl be no i.re or windito~m insuranc ~ placcd o~ any o} ss~d buitd~n9s, any inrrrest there~n a pa~t thereof, unless in the fo~m and w~~h ~he Ioss payable as a4o~esa~d; and in the event a~y sun of money bccomes payable under such po6cy or poLcies sa~d MORiGAGEE shaN have ~he ophon ?o receive and apply the same w+ accouni o( the indabtrd nrss secured hereby or ?o perm~t sa~d MORTGAGORS to receive and use it or any part thereof for o:n~•r ~;u~:osrs, v.;~novt eh~~.u~ .~.:~y~~3 or ~•npa~. +r+g any equ~ty, I~e~ a~~ght ~nder w by virtue of this mor'gage; ar+d in the event sa~d MORTGAGORS shall 'or any reason fail to keep ~he sa~d pre~nises so msured, w(ail to drliver promptly any of said pol;c:rs of insurance fo said MORTGAGEE, or fai: promptly to pay fui~y any pre~nwm fherafw or in a~y rrspect fail to perform, d~scharge, execute, effed, complete, comply with and ab~de by th~s tova~ant, or any part hareoi, Said MORivAGEE may piate a~~o pay for s~ch insurance or any parl thercof w~thout waiving or affecting any option, lien, equ~ty, or right under w by vi~~ue o( this A~orrgage, and fhe tull smount of each and e.eiy such payment shall be im,nediately due and psyabte and shall btar inte~est from the date ~hereof vntil pa~d at the rare of - ~~:~e per centum per annum and to~ethe~ w~th wch i~rerest shau be secured by the lien of this mottgage. 4. To permit, tommit w suffer no waste, impairment or deter~oration of uid property or any part fhereof. 5. To pay all ar+d sing~lar the costs, tharges and expenses, including a reasonable anorney's fee and cos+i of abstracts of ti~le, incurred w pa~d at any time by said MORTGAGEE, because w in the event of the iailure on the part of the said MORTGAGOR to duty, pron,ptly and fully ptrfarm, d~scharge. zxecute, effect, complete, comply w~th and ab:de by each and every the stipula+~ons, agreements, conditions, and covenants of sa~d p~o~n~ssary note and ~1~~s morrgage any or e~ther, and sa:d costs, charges and eapenses, each and every, shall be immedistety due and payab:e; wheiher o~ not there be netice dz mand, sttempt to col;ett or s~it pe~d~ng; and the fuf! amovnt af each and eyery s~<h payment sha~l bea. intrrest from the date thereof unrit paid al the r,te o~ nine per centvm pe~ an,i~m; an~ all said costs, charges and ex;xnses incurred a paid, together w~th such interrst, shall be secured by the Iien o~ th~~ morlyage_ 6_ That (a? in the event of any breach of th~s Mo.tgage w defautt on the part of the MORTGAGQR, or (b) in the event a~y oF sa:d sums of money herein referred to be not promptty and iutly paid wnhin ih~rty (30) days neat a~rer fhe same severatly Ixcome due and payable, without demand or notice, or (c) in the event each and eve~y the stiputarions, agreements, cond~tions and covenants of sa.d promissory nore and th~s mortgage any o~ e~ther are n~1 , iuiy, promptly and futly performcd, d~acha~ged, ezec~ted, effectrd, cort+pleted, complied wrth and ab~ded 5y, then in e~thc~ w any such event the sa~d ag ~regate aum mentwned in said promissory note then remaining unpaid, wirh interest accrued, and atl moneys secured hereby, shatl become due and pay- ao:e forthwith, o~ thereafter, at the opf~on of said MORTGAGEE, as fuliy and completely as if all of the said s~ms of money were or~g~natly st pulated to be pa~d on such day, anything en sa:d prom~ssory note or in this Matgage to the conrrary notwUhstand~~ig; anc~ thereupon or thereafter a~ the opt~on of s3,d MORTGAGEE, without nor~ce or i}¢mand, suit at law or in eq~i!~, ~nerefore or Ihereafter begun, may be prosecuted as if all moneys secured hereby r,:d matuted pr~or to ~ts institut~on. 7. That in the eve~t that at the beginning of or at any time pendi~g any suit upon this Mortgage, w to foreclose it, or to reform it, or to enforce payment of any ciaims hereunder, said MORTGAGEE shall apply to the Covr~ having ~urisd~cf~on thereof for the appo~ntmem of a Receiver, such Court shalt fcrrhwith appomt a rece~ver of sa~d mwtgaged property alt and singular, inctud,ng all and s~ngutar the income, prol~ts, issues ar.d revenues irom whatever seurce derived, each and every of wh~ch, it being expressty undersrood, is F.ereby mortgaged as if spec~licaily set forth and described in the 9ranring and habeidum clauses hxreof, and such Receiver shall Mve all the broad and eff~cnve funct.ons and powers in anyw~se entrusted by a Court ro a Receiver, and s.ch appoentment shall be made by such Court as an admittea equity and a matter of absolute r~ght to sa~d MORTGAGEE, a~d w~thout reference to the adeqvacy or inadequaty of the vaiue of the proper~y mortgaged or to the so:vency or insolvency of said MORiGAGOR or the defendants, and that such ~e~rs, profits, incane, iuues and revenues shail be applied by such Receiver accord~ng to the lien or eq~ity ot said MORTGAGEE and the p~actice o( such Court. ~ 8. To duty, prompfiy and (ully perform, d~scha~ge, execute, effect, complete, comply v~;ifh and ab~de by eacfi and every the st~putations, agreements, :onditions and covenanu m sa~d prom]ss«y note and ~hts mortgage ser forth. , 9. That in the event the ownersF~p of the mortgaged premnes, or any part thereof, becomes vested in a perse~ other ?han the MORTGAGOR, the ti'ORTGAGEE, its successors and ass~gns, may, w~fhout norice to the MORTGA02, deal w~th such successor or successar in interest wirh reference to this r.•ortgage and the debt hereby secured in the same manner as w~th Mortgagor w~thout in a~y way vit:atir.g or d:xcha~ging the lJlwtgagors' liab~lity here- under u upon the drbt hereby secured. iJo sale of fhe p~emises hereby mortgaged and no forbeara~ce on the part oi the I110RTGAGEE w its successors or ass~gns and no eate~sion of rhe time for rhe payment of the debf hereby secured g~ven by the MORTGAGEE or its successors or ass:gns, ahall operate ro re!ease, d~scharge, modiiy change or afiect the or~g~nal I~ab~lity of the MORIGAGOR herein, either in whole w in part. 10. If is speuf7cally agreed that time ~s of the essence of th;s cororact and ~hat no waiver of any obl~gat~on hereunder or of the obtigatan se- c~red hereby shali at any time thereafrer be held to be a waiver of the terms hereof or of the instrument secured herby. i 11. In add,tie~ to the forego ng momhly payme~~s of prir.c pal and inreresr requ~red by the prom~swry no~e secured hereby, mortgagor covenants ~~d ag~ees to pay to mo: tgagee wnh each monrhfy payn,ent an add~~ional sum esnma~ed by mortgagee to be equal to 1/ 14 of tt~ annual cost of the foliow- f ;i~: ~ ; A-All rea~ property faxes tev~ed or assessed agai~st the above desc*~bed real estate. ~ B-Przm~ums on f~re and windsto~m insurarce as here~n requ:red tp be carried on the :mp~oveme~ts s;tuate o~ the above destribed prem~ses. s C-P~emiums o~ suth moncage g~aranty ir.surar.~e as mortgagee shail from t:me to time deem 4it to carry on ihe loan secured hereNy. ~ Mortgagee sha~l from t]me to nme notify morigagor in win;ng of the arrou~t due and payabte hereunder and such surn shail thcreupon ~e due and c_a,able on the due dafe of ~he next month:y payment and each svccessive month thereaffer unti{ mortgagee shail notify mortgagor of a change in such ! - oum. Such sums sFa:l be applied by mo%tgagee toward the payment of real property taxes, insurance prem~ums, and mortgage guaraniy insurance .=•e•niums. 3 IN YJITNESS Y~HEREOF, the said MORTGAGOR has F.ereu~to set his hand and seal the day and year first aioresaid. ~ Signed, Sealed and delivcred in the presence of: ~ • ~ ~ ~ ' Seat) YN . , 1 ~ ( - ~ (SeaQ ~ o er a .~iai~ ~s`a~~ ` - t5esq ~ ~ S1A7E OF FLORIDA ~ ' COUNTY Of $t . Luc ie ~ S5. ~ ~ Before me personally appeared ~~in N• Si1t~I a~ ~ Rcberta S~ith his wife, to me well known and known to me to be ~ rhe individuals described in and who executed the for oi instrumem, and acknowl eg ~g edged before me that they executed the same fw the purposes Roberta ~ith rherei~ expressed. ICnd the said rrife o( the said - M81V~H H• S~it~l " ~ upon a seppiat~,~nd privat~ ; e.am~nat~on by me taken uparate and apart from F~er said husband, acknowledged to and before me that she executed said instrument frally and volurv iar~ty and vi~thout any compuision, constraint, appre ns: n, w fear of w from her said husband. . - ~ WlTNESS my hand and offiual seal th~s day of q, p, r ' - ~ 'a - ' ;'p' otary lic in snd for A$tAt ~t ' My C ~ssion expires: Rr OR(Ql~,~(~E ~ Retum To: MY COMMI W N P~,[~`~ O E C.'' 2$; ] 9 7 5 ~ First Federal Savings 8 loan Associat;on Y~NN Tsrr ~ti~~ RNfvr~ters. - Of forr P.ercz fort P~erce, Florlda „ - i1~E~ AN[~ !tEQQlIQI~. /~9 ~ - 7.5~ iT. WCIE COU~~~Y r ` AOCER POlYRA~ z( This Instrument Prepared By John W. Collins CLERK C'f.~UlT COURT First Federal Savings 8 Loan Association RECORO VEP.~FIEO.~..~`. _ of Fort Pierce ~ Florida ~e1~ `l ~6 PH t7~ _ Checked By~-___ 223852 804t(~~ PJ1CE~~ . - ~ - - - - - t__ _ _