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Home My WebLink About1953 3. To place and continuously 4eep on the 6~~:dmgs now or he~eafter aituate on sa~d land and on al! equ~pment and penonaUy tovered by this mor age, with all premiums thereon pa,d i~ full, fire ins~rance in the us~at standard policy fo~m, in a aum approved by ~he MOR~GAGEE, and w~ndsto insurance in the usual standard pol.cy form, in a s~m approved by the MORTGAGEE, in svch tompa~y or companies ~s lhe MORiGAGEE m d~rect; and all ii~e and w~ndstorm imwance poi~ues on any of said bu~id~ngs, a~y interest therein or part thereof, in the ag9~rgate ium aforesa~d i~ e:cess ~hereof, shall contain tha usual standard mortgagee clause or such other clause as the Ma.tgagee may requ~re, ma~ing ~he io~s under sa~d po c~es, each and every, payable to sa~d h~ORTGAGEE as ~ts in~erest may appear, and each and every such poi,cy shall be promp~ty ass gned and de~ivered ~ sny held by sa~d b10R~GAGEE as fu.~her secwity to ~aid mortgage debr, and, not less than ten (10) days in advan:e ol the eap~rot~oo of each po~~cy, to d. I~ver to said MORTGAGEE a renewal ihercof, ~oge~her wirh a rece~pt fw the pre~n~um of such renewal; and ~heie shall be no f~re or windsto~m insuranc placed on any of said buildinga, any interest the~e~n or part thereof, unfess in the fo.m and with the ~oss payable as aEo~esaid; and in the cvent any s~n of money bccomes payable vndtr such polity o~ pol~cies sa~d MORTGAGEE shall have the opt~on to retaive and apply the same on atcounl of Ihe indabted ness setured hereby or ro permit sadd MORTGAGORS to roceive and use it o? any part the:eol ior o:n•,r p~~r~osrs, .v:~hout ~h~..u~ .v.:~~~.~~ ~~~~p~i~ ing any equity, lien w r~ghi unde~ or by vi~tue of this mo:tgage; and in the event sa~d htORTGAGORS shall for any reason fail to keep ~he sa~d premisrs so insured, o~ (ail to de!iver pranptly any of said pol~cies of insurance to said MORTGAGEE, or fai! promptly to pay fuity any pre~n~u~n the~efor or in a~y respect lail 1o perform, discharge, e:ecute, e1(eu, complete, cornply wirh and ab~de by this cove~ant, or any part ha~eof, sa~d MGRTGAGEE may piace a~~~! pay fw such insuronce or any part thereof without waiving or afFecting any opt+on, lien, equ~ty, or right under o~ by ~irWe of this Mw~gage, and thc full arnount of each and e~ery such paymenf shall be immediately due and payable ar.d shall bear ineerest from the date thereof un~il paid at the rate ol n~ne per cent~m per annum and to~ethe~ with such inferest sha~i be s~ured by the lien of this mortgage. 1. To permit, commit w suf(er no ~vaste, impairmem a deterioration of said property w any part thereof. 5. To pay all a~d singular the costs, charges ard expenses, includ+ng a reasonable attorney's fee and cos~s of abstracts o~ title, incurred or paid at any time by said MORTGAGfE, beca~se or in the event of the failure on the pa~t of Ihe said MORTGAGOR to duly, promptty and fu~iy perform, d~scharge. execute, effett, complete, comply w~th and ab:de by each and every the stipulanons, agreements, conditions, and covenants of said promissory note and th~s mortgage any or e~~her, and u~d costs, charges and expenses, each and every, shail be immed~ately due and payable; whether a not there be notice d~ mand, attempt to colied er suit pend~ng; and the full amount of each and every such payment shalt bear inferest from ~he date thereof until paid at the rate o~ nine per centum p.:r annurn; and all said costs, charges and expenses incurred w paid, together wAh such interest, shall be secured by the lien of this monysge. 6. That (a) in the event of any breach of thia Mortgage w default on the part of the MORTGAGOR, or (b) in tF+e event any o( sa~d sums of money herein referred to be not pranptty and fully paid ~•irhin th~rty ~30) days next after the sartie severa~ly become due and payable, wi~hout demand or notice. or (c) in the event each and every the stiputations, agreements, co~ditions and covenants of sa:d promissory note and th~s mo~tgage any or either are nof ~uly, promptty a~d fully perfwmed, d:scharged, exec~ted, elfeded, completed, complied with and ab~ded 5y, then in e~ther or any such event the said ag- gregate sum mentioned in sa~d prom~ssory ~ote lhen remaining unpaid, with interes~ accrued, and a1f moneys secured hereby, shall become d~e and pay- ~b~e (orthwith, o~ ~hereafter, at ~he option of sa]d MORiGAGEE, as fully and compleie~y as if a~l of the said sums of money were a~ginally srlpulated to be paid on suth day, anything in sa:d promissory note or in this Mwtgage to the contrary notwithstanding; and thereupon w thereafter a~ the op~~on of sa~d MORTGAGEE, w~thout notice w demand, suit at law or in equity, the~efore or the~eaiter begu~, may be prosecuted as if all moneys secured hereby nad maWred pnor to AS InSlittitiWl. ~ ~ . • _ • ' r*'i ~ ~~~'K ~ 7. That in the event that at the be9~nning of or at any fime pending any su~t upon this Mortgage, ot.to foreilote?3t,1of b q~prm~it. q}to enforce oayment of any daims hereunder, said MORTGAGEE shall apply to the Court having junsd:aion thcreof tqq tFy ap{~piryt~~r?t of a Qetei~fy such COutt shall Forthwith appoint a receiver of said mortgaged property all and siregular, includ~ng all a~d singu~ar the incq~~ , prol~tsrissues and, rf~ nues fr w~ e~er sour~e derived, each and every of which, it be~ng txpressly undc~stood, is hereby morrgaged as if spec~ficaTly~xt forth and destiil~fin tMe~at~irt~ and ha5endum clauses hercof, and such Receiver shall have ail the broad and effective funct~ons and powers in anyw~se entrusted by a Cou~t to a Rec~iver, and s.ch appointment shall be made by suth Co~rt as an admitted equity and a matte+ of absolure rgM to sa~d h50RTGAGEE, and without reference to the adequacy a inadequacy oI the value of the property mortga9ed or to the so.vency or insoi~ency of said MORTGAGOR or the defendants, and that such renss, profits, incane, issues and revenues shall be applied by such Recriver ac:ord~:ig to the (~en or equity of said MORTGAGEE and the practice of such Court. 8. To duly, prom~tly and fully per(orm, discharge, execute, effect, complete, comply w~th and abide by each and every the stipulations, agreements, conditions and covenanrs m u~d promissory oore and ~his mor~gage se~ fo~~h. 9. That in the event the ow~ersh~p of the mortgaged premises, or any part thereof, becornes vested i~ a person other than the MORTGAGOR, the M,ORTGAGEE, its s~ccessors and assigns, may, wirhout notice to the MORTGAOR, deal with s~ch successor a successw in intereet with reference to this mo~tgage and the dabl hereby secured in the same manrter as with Mortgayor without in any way vif;ating p discharging the Mortgagori liability here- under w upon the debt hereby secvred. No sale of ~he Fremises hereby mortgaged ar.d ~o forbearance on the pan of the ?~10RTGAGEE w its successors or assigns and no extension of the t~me ior the payment of the debt hereby secured given by the MORTGAGEE or its svccessors or ass~qns, ahail operate ro release, d~scharge, modify change or afiect the orig~nal Iian~Gry of the AM1ORTGAGOR herein, either in whoJe or in part. 10. It is specifically ag.eed that time is of the esse~ce of this contract and that no waiver of any obligation hereunder or of the obligation sr c~~ed hereby shall at any time thereaiter be held to be a waiver of the Terms hereof w of the instrurnent secured herby. ~ 11. In add:tio~ to the iorego ng month!y payments of princ"pal and imerest requhed by the prom~ssory no!e secured hereby, mortgagor covenants ' and agrees to pay to mortgagee vcith each month!y pay~nent an add~~ional sum es~~rt;ated by mortgagee ro be equal to 1," 12 of the annual cost of the follow- f ~~;g: - A-All real p~operty taxes lev~ed or assess~d agai•~st the above described real esrate. ~ B-Pram~ums o~ fire and windstorm insvrar ce as herein req~~red to be carried on the ~mproveme~ts s~tuate on the above described premises. ~ C-Prem~ums on s~ch mortgage guaranty ir.wra.,ce as mortgagee sha{I from t:me to time deem fit to carry on the loan sec~red hereby. ~ Mortgagee s!~ail from time to time notify mortgagor in writ~ng ot the amo~nt due and payable hereundrr and s~ch sum shall thereupon be due and r-ayable on the due date of ~he next month:y payment and each s~ccessive month thereafter until .mort~agee shall not~fy mortgagor of a cha~ge in such a~:ount. Such sums sNa,l be app:ied by mortgagee toward the payment of real property taxes, insurance prem;ums, and mortgage guaranty insurance 's p•rmiumi. f IN NITNESS WHEREOF, the sa:d MORTGAC,OR has hereunto set his hand and seal the day and year first aforesaid. ? Signed, Sealed and deiivered in the presence of: ~ j ~ ° ` v 3 ~ - Seal) L , enry YS oP cseai~ ~ \ " (Seal) ~ Helen . Hy5 Op ~~ai~ ~ ~ ~ SiATE OF FLORIDA ? COUYTY OF St. Lucie ~ ~ ~ $ Before me perw~ally appeared Henry C. Hys lon a~ ~ Helen C. HyS10~ his wife, to me well k~own and known to me to be ~ the individuals described in and who exewted the foregoing instrument, and acknowledged befwe me that they execwed the same for the purposes therein expressed. And the said He2 e~n C. F{V S ZO,~ c= ,Nife of the said Henry C. Nyslop , upon a separate and private ~ exam;nation by me taken uparate and apart from her said husband, acknowledged ro and before me that she executed uid instrument freely a~d volun- 3 rarily and without any compulsion, constraint, apprehena~qq~ or fear of or from her said husband. 4~ WITNESS my hand and offic~al seal this_ 1~ day of Febr A. D. 19 72 _ ~ ~ Notary Publ' and fo? the tate of brids at larp~ ~r My Commi ' ezpires: ! ~j7' 7 .S ' Return To: Fint Federal Savings 3 loan Assoc~a5on NOTARY Pl1"" ST~TF AF FI n~tOA AT LAR(iE Of Fert p~erce. MY CO+'•'!~~~~tiN EXPIRES AU~. 6. 197~ ~ Fo~t P~e~ce, Flo~~da . _ OENERAL INSURANCE UNDERWRITERS~ ~ < . ' • , : . f11.E0 AMO ItEt~lB` This Instrument Prepared By John W. Collins :T.LUCIE COUN Y f~~ First Federal Savings & Loan Association . . ROGER POITEi~S ~ of Fort Pierce , Florida . tLERK CIRCU~T COURT t ~ , IIECONO VEa1F1E0~ Checked By ~ ~ l ~ ~e1{~ 216 PN ~ ~ ~''~•~~~„t~~~~ sooxly9 ~r~1952 223854 ' -