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Home My WebLink About1698 ; 3. To place end c~ntinuo~sly kzep on the b~i'd~ngs now o~ hereaftrr ~~tuate cn sa~d land and on afl equi~nenl and pzrsonally covered by this ma j eae, w~rh all p~emiums thereon pa:d in Futl, fire insurance ~n the usual a+a~~~rd pot~cy form, in a sum aFproved by the MOkIGAGEE, a~~d winds~o ' insurance in the ~sual ~tandard pol.q 1orm, in a sum approved by the MORTGAGEE, in such company or tompanies as ~he MORTGAGEE m ~ d+•eu; and all fi~e and wlndstorm inw~ance poliues on any of said build:ngs, any inrerest therein or part thereoi, in the agg~egare wm •fwesa~d + in eacess thereof, shall contain ihe usual standard ma ~g3gee clause or such o~her cl~~se as Ihe hlo+tyagee may requ~rq, making ~he tass under s3~d po ~ c~cs, each and every, payab~e to said h10RTGAGEE as its intCrest may appear, and each ar.d every svch poi~cy shall be promptly ass gned and de~ivered ~ anp held by fa~d MORTGAGEE as further sewrity to said n:or~gage debt, and, not less than ten (10) deys in advance o( the e.p~~af~on of each pol~cy, to d~ Gver to said MORTGAGEE a rer.ewal thereof, together v.i~h a rece~p~ for Ihe pre~TUUm of wch renewal; and there shall be no f~re or v.indstorm insuranc placed on ar,y oi said build~ngs, any interest therein or pait thereof, unless in the ferm and with the Ioss payable as aEoresaid; a~d in ~he event any sun 01 money becomes payable undt~ such policy or po6ues said MORiGAGEE shall have the option to recc~ve and app!y the same on aaounl of the indebted nesa secured hereby or to permit said MORTGAGOR$ to receiva and use it w any part thr~eof loi o~ncr p~rF~OSBS. \~itF10V1 th~.~ o~ waivi.i3 or ~mpoir ing any equ~fy, lie~ or ~ight unde~ w by virtue of this mc:'gage; ar.d in the evrnt sa~d MORTGAGORS shall for any reason fail fo keep the said prem~ses ~o ~nsured, pr fail to deliver promptly any of sa~d pol~cies of insu~ante to sa~d MORTGAGEE, or fail promptly to pay fu:ty any pre~niuen thcrefor or in any respect fai~ to perform, discharge, execute, efFecl, complete, co:nply wi~h and ab~de by th~s covenanf, or any part hareof, said MORTGAGEE may place a:~d . pay fw such insurance or any part thereof withou~ waiving or affccting aoy opt~on, ~ien, equ~ty, or r~ght under or by virtue of this Mortga~e, and the full amounl of each and every such pay~nent shall be immediately due and payable and shail bear intereat from the date thereof until paid at the rate ol n~ne per centvm per annum and to~efher with such intrres~ shali be xcured by the lien of this mortgage. 1. To ptrmit, commit or suffer no waste, impairment or detarioration of sa~d prope~ty or any part thereof. 5. To pay all and singular the costs, charges and expenses, including a~eaaonable attwney's fee and costs of abstracts of title, incurred w paid at any time by said MORTGAG:f, because or in the event of the fa~iure on the pan of the said MORTGAGOR to duty, promptly and fuliy perform, d~uharge, ~xecute, effect, complete, comply w~th and ab:de by each and every the st~F~lai~ons, agreements, conditions, and covenants of said promissory note and thl~ n:ortgage any or e~ther, and said costs, charges and expenses, each and every, shall be immed~ately due and payabie; whether w not there be oo~ke dz mand, attempt to cotlect or suit pend~ng; and the full amount of each and e~ery such payment shall bea~ inf~res? from the da?e thereof until paid at the r.,re o~ n~ne per centum per an~~urn; and all said cosrs, ;harges and exp~nSCS irxurred o~ paid, together w~fh such interest, shall be secured by the tien of th~~ mortgage. 6_ Thal (a) in the event of any b~each of this Morrgage or defauit on rhe part of the MORTGAGOR, or ;b) in the eve~t any of sa;d sums of money herein referred to be not promptty and fully paid withfn thu~y (301 days nexi aite~ the same seve~a:ty become due and payable, without demand o? notice, er (c) in the evenl eath and eve~y the stipulations, agreemen~s, cor.d~hons and covenants of sa d promissory note and th~s mortgage any or either are not ~uly, promptly and fully performed, d:scharged, executed, effected, completed. compl~ed with and ablded 5y, then in e~ther or any such evem the said ag- gregate sum mentioned in said promisswy note then re~naining unpaid, with intere;t accrued, and atl moneys securee! hereby, shall betome due and pay- ao~e forthwith, or thereafter, at the opt~on of sa~d MORIGAGEE, as fully and com~letely as if all of the sa~d svms of money were or~ginally st~pulated ro be pa~d on such day, aoything in sa:d prom~ssory note or in this Mortgage to the conuary notw~thstar.d~ng; and th~reupon w thereafte~ at ~he option of sa:d MORTGAGEE, without notice or demand, suit at law or in equity, therefore or thereafter begun, may be prosecuted as if all moneys secured hereby ~ >d matured pr~or to ~ts i~stitution. 7_ That in the event that at the beginn;ng of or at any t~me pending any suit upon this Mortgage, or to foreclose it, or to refwm if, or to e~force payment of any claims hereundrr, said MORTGAGEE shall apply lo ~he ~ourt having ~ur~sd:ction thereof for the appo~MmeM of a Receiver, such Cour1 shall forthwith appoint a~eceiver of said mortgaged property all and sing~iar, includ »g all and singular the income, proiits, issues and revenues from whatever source derived, each and every of wh;ch, it be~ng expressly understood, is hereby n~origaged as if spec~fically set iorth and described in the gra~ting and ha5endum dauses hereof, and such Rece~ver shali have al! the broad and effecrive fu^ce:ons and po~vers in anyw~se entrusted by a Court to a Receiver, and :~ch appointment shall be made by such Cour~ as an ad:nitted equ+ty and a rna+ter of a5solute riqht to said MORTGAGEE, and without reference to the adequzcy w inadequacy of the value of the properry mortgaged o~ to the so~vencf or ~nso~vency of said MORTGAGOR w the defendants, and that s.xh re~~s, profits, inco.ne, issues and revenues ahall be appiied by such Recen•er accord~ng to the lien or equity of sa~d MORTGAGEE and the practice of such Court. 6_ To duty, promplly and fully perform, discharge, exec~te, effect, complete, cornply with and abide by each and every the stipulations, agrrert~ents, ~ conditions and covenants in sa+d promissory note and this mertoage set forth. i , t 9. That in the event the ownership of the mortgaged prem~ses, or any part thereof, ~ecomes vested in a perwn other than the MORTGAGUR, ihe 1 .'ORTGAGEE, its successors and assigns, may, wi:hou: notice to the ~'~ORTGACR, deat with such successor or svccesso~ in interest with refere~ce to this ! mortgage and the deot hereby sewred in the same manner as w~th Mo~tgagor w~~hout in any way vitlating or d+scharging the Mortgagors' liab+iity here- ~:n3er o~ upon the drbt hereby sec~red. No sa!e oi the F~emtses hereby mortgaged and no torbearance on the part of the /AORTGAGEE or its successors or ass~g~s and no extension of the time for the payment of the deb~ hereby sec~red given by the MORTGAGEE or its successors or auigns, siiall operate ro re!ease, d~scharge, modify change o~ af(ec1 the origlnal liau.lny of the MORIGAGOR herein, either in whole o? in part. 10. It is spec+ficaliy agreed that time is of the essence of this contract and that no waiver of any obligat~on hereunder or of the obligaYan se- cwed hereby shali at any time tnerea:ter be he:d to be a waiver of the terms hereof or of the instrument secuied herby_ 11. Ir. add~tio.: to the foreao'ng montfdy paym~nts of princ aal and inte~est requ~rcd by the pronrssory note secured hereby, moriga~ar tovenants + d agrces to pay ro mortgagee ~n~th each mcnth;y pa,r.:ent an add,::onal sum cstimated by mongagee to be egual to 1;' 12 of tFe annual cost of the follow- I _,y: t A-Ali real property taxes tevied or assesseci agai•ist thc above described r_~al estate. ~ B-Prem~ums o~ fire artd windstorm insuracce as fiere~n requ~red to be carried on the +mproveme~ts situate o~ the above d~scribed premises. ~ C-Premiums on such mortgage guaranty ir.surar:ce as mortgagee shatl fro.m. t~me to ti~nc deem fit to carry on the loan secured hereby. ~ Mortgagee sha?I from ti~ne to time not~fy mortgagor wr~t~ng of the a~rou~t d~e and payable hereundrr and such sum shall thereuFon be due and ~ ~ ayable on fhe due date of the next month!y paym~nt ard each successive month thereafter ur,til mortgagee shall not~fy mort9agor of a change in sucb I ~ ouN. Such sums sFa;i be appGed by mortgag~=e toward ~he payment of real properry taxes, insurance prem:ums, a~xl mortgage guaranty insurance ~ :>remiums. i WITNESS WHEREOF, the said MORTGAGOR has hereunto set his har.d and seal the day and year first aforesaid. ~ 1 , Sealed and de' in the presence of: ' ' ~ sl} ~ Haze H s a d _ cs~s~~ rt cs~aq , ~ ; ~ _ _ :s~ai> ~ ~ STATE OF FIORIDA j ~ COUNTY OF St • ~LlC~@ j ~ ~ Before me personally appeared HS28~. J• Hc12'I'3.5~ a~ridaa ~jp~p~to me well known and known to me to be } the individuat~ desuibed in and who executed the foregoing instrument, and acknowledged before me that 1he~ executed the same for the purposes ~ therein expressed. .MA..~~+d+r ?C 'i~~~0[~4C ~ ~ ~ - WITNE55 my ha~d and offiual seal this day of A. D. 19~_ ~ : Notsry Bubiic ' and for tF~e ate of ~'%~~lsps i . My C~pmmiu' expird: 'r Return To: ~ F~nt Federal Savi~,gs 6 Loan Association ~1TA(tY PUP.LtC STATE OF FLORIDA AT LARtiE Oi Fort P+erce. ' , MZ ~OMMISSION EXPIR~S AUG. 6. 197~ = Fo~t Pierce, Flor~da Q~NERAL INSURANC~ uN~~R~T~~~ s_ _ 3 - . . fIlEO ANd RE~oRDEO ~s, it.lUC1E COt11iTY FL.A- ~ - This Instrument Prepared By ~TOhIi W. COl1.~I18 t j.-s,' ROCCR ~a~=R~S ~ First Federal Savings & Loan Association ~ CIERK CIGCUIT COURT of Fort Pierce F1o2'ida ~ 'a a' ~-'s RfrqRO ~EK~~IE~ s . .1.. . =ti~~~ . . _ . . ~ - 11 14 ~6 AN'11 - Checked By - ~ ~ o a n ~ 2?~:5'751 - BOQK~OV PACE1~9~ ~G ;t: ~ : , ~ _ ~ ~ ~ : ,