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Home My WebLink About1541 1. To place and continuously keep on ~he bui:d~ngs now o? Ae~ealter ~~t~a~e on sa~d I~nd and on ali equip~nent and {x~sona~iy cove~ed by this mor age, with al) p~emivm~ ~hereon pa,d i~ iutl, lira ins~iance ~n ~hr usuat srendud po,~cy form, in a sum ap~oved by the MOR}G~GEE, a~~d w~ndsto ~nsurance in the ususl s~andard po1•cy form, in ~ sum approved by tM MORTGAGEE, in such tanpany or compan~es as the A10RTGAGEE m ~ di~ect; ~nd all fi~e and windsturm insurance policies on any oi ia~d build.ngi, any intereat therein or pa~t thereot, in the aggregate sum aloresaid in e~'ceu Ihereof, shall co~tain ~he usual sta~td~~d mo~~9egae ciause w such oiher cla~se as ths Mortgegee may requ~~e, ma?i~g the tou unde~ ~a~J po . ~ des, each and every, payable to said ,\IORTG~?GEE as ~ta in~crrst n+ay appear, and each and e~e~y ~uch po!rcy shall be promptiy ass gned a~d dei~vered ~ ~ any held by sa~d MOR(GAGfE as fur~her sacurity to sa~d mortgeyr dob~, and, no~ less than ~en (10) day: in ad+ance oi the eapi~anon ol cach potrcy, to d~ ~ I~ve~ to sa~d MORTGAGEf a renewal thereof, toge~her wi~h a rece~pt for the premium of such rene+va~: and ihero shall be no f~re or wi+~ds~o~m insuronc p~aced on a~y of said bui!dings, any in~eres~ there+n w part thereof, unirss in ihe form and w~~h the loss paya6te as afo~esa]d; and in ~he evenl any sun of money becomes payable under such polity o~ poGues said MO~iGAGEE sh311 have ~he opt~on to receive ond app!y the same on account of the i~xiebted ness sec~~ed hereby w to permit said MORTGAGORS ~o rece~ve and ~se it w any part the:eol for o:ii~~r pury.•osrs, v.i~ho~t ~h~~~of ,vai~~•~3 or ~n~Pa~r i~g any aqvity, lien w right under or by virtue of thia mo::gage; and in the event sa~d MORTGAGORS shall for any reason iail to keep the said p~emises so ; insured, o~ fail ro deliver promptly any of said po~~cirs of insurance to said MORTGAGEE, or fail proinptly to pay futty any pranium therefor or in a~y ~ respec~ fail ro perfwm, d~scharge, eaecu~e, eiFeu, comple~z, comply w~~h and ab~de by ih~s cove~anL o. any part hareof, sald MGRTGAGEE may plsce a~d pay for suth insurance w any part thereof w~thout waiving or affeUing any option, lien, equity, or n~ht under o~ by virtue of this Mortgage, ~nd tht f~ll amount of each and eve~y such payment shall be immed~ately d~e and payable ar.d shall bear imeres~ from tha date thereof un~il pa~d at the rate ol n~ne per c~ntum pe~ annum and to~rther w~rh such i~iterest shati be sx~red by the lien of this mortgage. ~1. To permit, tommit w suFfer no waste, impairment a deter+oration of said property o? any part thereof. 5. To pay all and singular the coats, charges and expenses, including a reasenable attorney i fee and costs of abstraUS of title, incuned or paid at any time by said MORTGAG:E, because or in the event of the failure on ~he part of ihe said MORIGAC,pR to duty, pro~nptly and fvlly perform, d~xharge. e.~ecute, efiect, complete, tomply w~th and ab:de by each and every the stipulat~ons, agreements, condit~ons, and covenants of said promissoty note and this .-norrgage any or either, and sa:d costs, charges and expenses, each and every. shall be immediately due and payable; whether or not there be not~ce da mand, attempl to collect w suit pend~ng; and the fu!! a~nouM of each and evrry such payniero shall bear iNe~est from the date thereof until paid al the ~are of nine per centum per annu:n; and all said cosrs, charges and cwprnsas incurred o~ paid, together wuh suth interest, thall be secured by the lien of thi~ mortgage. 6. That (a) in the event of any b~each of this Mortgage or defa~lt on tlr pan of the A10RTGAGOR, or b) in tht eveM a~y of sa:d sums of money ; herein referred to be not promptly and fully paid with;n th:rty (3J) deys next aii•_~ the same seveia'ly bccome due and payable, wi~hout demand o? notice, ~ or (c) in the e+ent each and every the stipulatio~s, agreements, cond~rlons and covenants of sa.d promiaaory note and th~s mortgage any o~ either are not i~ly, promptly and fully performed, d:scharged, exrcuted, effected, completed, com~lied wrth and abided by, thee in e~ther or any such eveM the said ag ~regate sum mentioned in said promissory note then remaining unpaid, with inte~est accrued, and atl moneys secured hereby, shall become due and pay- able forthwith, or fhereafter, at the option o( said MORTGAGEE, as fvlly a~d comp!etely as if all of the said sums of money wete originally st~pulated ~e be pa:d on such day, anything in sa;d prom~ssory note w in this Mortgagr ~o the conrra~y norx~thstand~ng; and thereupon or thereafte~ at the optioo of s~;d MORTGAGEE, without not~ce or demand, surt at law or i~ equity, thereEore o~ thereaf~er begun, may be prosecuted as if all moneys secured hereby r.;d matured pnor to ~ts institution. 7. That in the event that at fhe beginn~ng of w at any time pending any su~t upon fhis Mortgage, o~ to fwedose it, w to reform it, or to enfores ~ayment of any claims he~eunder, said MORTGAGEE shall apply to the Cou+t having ~unsd:tt~on fhereo} for the appantment of a Receiver, such Courf shatl iurhwith appoiM a?eceiver of said,mortgage~ property all and si~gular, includ.ng ail and si~igu~a~ the income, p!ulits; issues and rev~nues from whatever sou~ce derived, each and every oi wh~ch, it be~ng expressly underuood, is hereby mortgaged as if spec~fically set forth and described in the granting and h~oendum clauses hereof, and such Receiver shall have aii the broad and effec~~ve funct:ons and po,,vers in anywise entrusted by a Co~rt to a Receiver, and s_ch appointment shalt be made by such Court as an ad;•utted equify and a matter of absol~te right to sa~d MORTGAGfE, and wifhout reference to the adeqvacy w inadeq~acy of the vaiue of the property mortgaged or to the so~vency or msoivency oi said tdORTGAGOR or the defendants, and that such r~~,rs, profits, inco~ne, iawes and revenues shafl be app~ied by such Rece~ve~ accordu~g ro the lien or equity of said MOR7GAGEE and the pracrice of such Court. 8. To duly, promptly and fully perform, discharge, execute, effect, compfete, comply with and abide by eac1+ ar.d every the stipulations, agreements, ;onditions and covenants in sa~d promisswy note and th~s mortgaqe set forth. 9. That in the event the ownership of the mortgaged premises, or any part ihereof, becomes vested in a person other than the MORTGAGOR, the `.'ORTGAGEE, its successors and ass~gns, may, wirhout notice to the A10RTGAOR, deal with such successa or successor in interest with refercnce to this mortgage and the debt hereby secured in fhe same manner as w~th ldortgagor without in any way vit+ating or d~scha~ging the Mortgagors' liability herr s:nder or upon the debt hereby secured. No sate of the premises hereby mortgaged artd no forbearance on ?he part of the MORTGAGEE a its successors or ass~g~s and no extension of the t;me for the payme~t of the debt hereby set~red given by the MORTGAGEE or its succeuWS or ass:gns, ahall operate ro release, d~scharge, modify change or affect the orig~nal liau~l~ty of the MORTGAGOR herein, either in whole or in psrt. 10. It is speufically agreed that time is of the essence of this contract and that no waiver of any obltgation hereunder w of the obligation se- cured hereby shatl at any time thereafter be he:d to be a waiver of the terma hereoi w of the instrument secured herby. 11. In add t~o~ to the fwego'+~g m~omhly paym~nts of prin~ pal and interest ~equired by the prom~ssory no!e secured hereby, mortgagor tovenants r• d agrees to pay to mortgagee v~ish each monthiy pay~.~ent an add~~;onal sum esr~~:ared by mort~agee to be eq~af to 1;' 12 of the annua! cost of the follow- ng: A-All real property taxes ievied w assessed ag3i•:st the a6ove described r=at estate. B-Premw ns on fire and windstorm insurance as herc~n reqv:red to be carr~ed on ?he tmrroveme~ts siivate on the above dsscribed premises. C-Premi~ms on such mortgage g~a~anty ir.sura~.ce as mo+tgagee shall fro-r t me ro time deem iit to carry on the loan sec~red hereby. Mortgagee shaEl 'rom time to rime nor~fy mongagor ~n w~;r~ng of thr amou~t due and payabfe he~eundrr and such sum shall thereupon be due and ;~,able on the due date of the next month:y paymant a~~d each svccessive monsii thereafrer ur,til mo~tgagee shafl not~fy mortgagor of a cha~ge in such , ount. Such sums sFail be applied by mortgagee tov.ard the payment of real property taxes, insurance prem:ums, and mortgage guara~ty insurance ~~~•emivmS- ~ IN Y~ITNESS WHEREOF, the sa~d MORTGAGOR has here~nto set his hand and seal the day and year first aforesaid_ ~ Signed, Sealed and delivered in e presence of: 4 ST~LUCIE C~UMTY fLA. ~"~'~f ~ ~~al) ' ROCER POiTRAS ~ t~a~~ ~ CLEfiK CiR~U1T COURT ~~a~~ E RFC~R~J VE~~FIFD~ th A• aTflOld ~~a~~ ° 5 i atE OP FIORIDA ~CSC ~ ~ 16 s 58 ~!!'7Z ~ ~i,UNiY OF Sti. ~1C~@ 1 ~ v V ~ Sefwe me penona{ly appeared W~ w~ ~1101d snd Elizabeth A• AY'AOZC~ his wife, to me well known and known to me to be E ~ rh_ ind~viduais described in and who executed the foregoi ~nstrument, and acknow~edged befwe me that they executed the same for tFx purposes ` ~ rherein exp~esxd. And the said ~lizabeth A• AI'1101f~ ArnOld ~ r.~{e of rhe said - Wa~fl@ W upon a separate and pr'~vat~ i ~ e¦aminat~on by me taken separate and apert from her said husband, acknowledged to and before me that she executed saed inslrunient freely and volwr ~ ~ ranfy and wirhout any compu~san, constraint, app~ehens ry~or fear of or from her said husband. t ~ WITNE55 my hand and official seal this- _ day of ~~h ~:~9 a - . i ~ tary Public in and or he Stat~ if FlDrid~ af tarpe ~ y Commission expires: ' _ • ' , _ ` Return Toc ~ First Federal Savings 3 loa~ Association NQ~f,'~y - 4~ c_~ ' ~T~~~t Of Fort P~e:ce. A!1` f ' ~~t~it ;3 Fort Pierce. F:orida . . _ _ . ~;~~3.. e;.` a - 7J ~ This Instrument Prepared By .T. H. RObel'ts~ dT. First Federal Savings 8 toan Association of Fort Pierce ~ Ir102'id8 Checked By 800~~ FACE15~~ ~ ~ ~ - - - ~ _ _ ; ~ _ . ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ , ~ ,h ~ ~ ~r ~ ~ ~ _ v ~