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Home My WebLink About0381 3. To place a~d continuously kcep on ~he bu~idings now or hereaftt~ sitvar~ on said land and on ~II equipment and pNionslly cove~ed by this ma sge, wilh all premiumi ehereon pa~d in tull, fire insurance i~ Ihe u~ual standard polity form, i~ • sum approved by ths MORiGAGEE, and w~nd~to ~nsuranct in Ihe usual iundard pclicy form, in a s~m ipprov~d by ~hs MORTGAGEE, in s~th company w companies as the MORTGAGEE m directj and all fi~e a~d windstam iniv?ance policies on any of iaid buildlnys, any interest therei~ or put thercoi, i~ ihs ~greg~te ivm aforeNid in ~xces~ ~heroof, shail ca+~ain ~he us~al s~andard mw~ga9ee clsuse a iuch otht~ claus~ as tM Mortpsgee may requir~, makinp the toss und'e. :a~d po c~es, rach and eve?y, payable ~o said MORTGAGEE es iri interest may appsar, and eath and eve~y such policy ihall be promptiy ass:Qned and delive?ed ~ any hetd by sa~d MORIGAGEE as f~r~her security to said mor~gage debt. ~nd, nof leu than te~? (10) days in advance of the expiration of each poliq, to d~ I~ve~ to said MORTGAGEE a renewal thsreof, to~~iher with a receipt fw the premium oi such renewai; and ~here shal! be r+o f;re or winds~orm intvranc placad on any of said build;+gs, any interest therei~ or pa~t thereof, ~nless in tM form and with ths loss payabk as afo~euidt and in the evenl any sun of mon~y becomes p~yable unde~ such policy or policie~ said MORTGAGEE ~hall h~ve the option to roceive a~ apply the same on accovnf oF the indebted neu ~ecured hereby a ro permit said MORTvAGORS to receive and us~ it a any part thereof for othcr purposes, wi~hout ~hs.eu~ wai~ing o~ nnpair ing any equity, lien a right unde~ w by virtue of this mo:t~+ye; u+d in Ihe event said MORTGAGORS shall fa ~ny reason fail to keep the u~d p~emius w insured, or f~il ro deliver {uomptly ~ny of iaid polities of iniw~nte to said MORTGAGfE, w fail promptly to pay fully sny premium therefa w in ~ny respect fail b perfwm, discharge, sxecute, eifect, compleie, comply wi~h and abide by this mvenant, a u+y part hereof, said MORTGAGEE may place +nd pay fo~ such insurance w any part thereof without waivitg ot affetting any option, li~n, equity, w right under a by virtue of lhis Mwtyape, and !he full amount of each and every such payment shall be im+nediately dw and p~yable and sMll besr interest from ths date thereof until paid at the rat~ ot nine per cantum per annum and to~ether with wch interest shall be secured by the lisn of this mwtg~ge, 1. To permit, commit at suffer no waite, impairment o~ detcrioration of said propcrty or ~ny paA thereof. S. To pay all and sinpulu the costs, charges ~r?d expenses, irxtuding a reasonsble attwney i fee and costs of abstrscts of title, inc~..ed a ps~d st any time by said MORiGAGEE, betavse or in tha event of the failure on the part of the said MORTGAGOR to duly, promptly and fully perform, discharge, execu~e, effect, complete, comply w;th and ~b:de by each and every the sti~wlations, agreemena, conditions, snd mvenants of said promiuory no~e and this matge~e any p eirhe~. and sud costs. cF?arges and expenxs. each and ~vary, shall b~ immediately dw and piyable: whether or not ther~ be ~otice de mand, mempt to colkcl or suit pend~ng; and the f~ll amouM of each aod every svch psymeM shafl bea. interei~ from ~he date the~eof u~ti{ paid a1 Ihe , o' ; F:.: ;,c: r_- a~! ~:~s_ cl+araes and exoer+ses incvrred o? paid. together with svch inttrest. shal! be secured by the lien oE thit mortga~s. Q Thsl (a) In the event of any breach of th~s Mortgs9e or defsult on the part of thr MORTGAGOR, w(b) in the event ~~y of ss~d wms of nwney herein referred to bs not promptly and fully paid within thirty (3p) days next afrer 1he same uverafly become due and payable, wifhout demand or notice, or (c) in the event each and every rhe stiputations, agreementi, co+~ditio~s and covonsnts of sa~d promiuory note and th~s mortga9e any a eithe~ are not iuty, promptly and fully performed, d~xharged, executed, effected, completed, complied with and abided by, then i~ ei~her w any :uch event th~ said ag gregate wm mentaned i~ ssid p?omiuory note then ~emaining unpaid, with intNest acuued, and all moneys setured hereby, shall lxcome dw and pay- able fathw;tFy w thereafter, at Ihe optio~ of said MORiGAGEE, as f~lly and completety as if all of the said sums of mo~?ey were oaiginalty stipvlated to be pa~d on s~ch day, a~ything in sa~d promissory note w in thia Mwt9age io the contrary notwithstanding; and there~pon or thereafter at the option of said MORTGAGEE, withaut nor;ce o? demand, svit st law or in equity, theretore or thereafter begun, may be prosecuted u if ~II moneys secured hereby had matured prwr fo itt inatitvtion. 7. That in the event that at the beginning of p at any time pending any suit upon this Mortgage, a to fweclose it, or fo reform it, or to enforce payment of any clatms hereunder, said MORtGAGEE shall apply to 1he Courf having jurisd~ction thereof fa the appointment of s Receiver, such Co~n shall forrhwith ~ppoint a receiver of said mprtgaged ptoperty all and singula~, inclvd~ng all and singular the income, profits, isSues and revenues from whatever source derived, each and every of which, it being expressiy unders~ood, ia F.ereby mwtgaged as if specifically set forth +nd deatribed in the pr~nting and habe»dum dauses hereof, snd such Receiver shall have all the broad and effective fvnct~ons and powas io anywise sntrusted by a Court to a Receiver, and s~ch appointmtnt shsll be made by such Court as an admitted equity and a matter of absolute right to said MORTGAGEE, snd without reference ro the adequacy or inadequacy of the value of the property mo~tgaged oi fo the wwency or insolvency of said MORiGAGOR o~ the defe~dants, and that such renra, pro(its, income, issues a~d revcnuea sha11 be applied by such Reteiver accwding to the lien w equity of said MORTGAGEE and the practice of such Court. 8. To duty, prompfly and fulty periwm, discharge, execure, effecr, compkte, comply w;th and abide by each and every Ihe stipulations, agre~mcnts, condiiar?s and covenants in sa~d promissory oote and tha mortgage set forth. _ 9. That in the eveM the ownership of the mortgaged premises, or any part thereof, becomes vesfed in s peraon other fhan the MORTGAGOR, the MORTGAGEE, its succeuws snd auigns, may, without notice fo tt~ MORTGAOR, deal with such :ucceuor or successw in interesl with reference to this mortgage and the debt hereby secured in the same manner as with Mortgagw witho~t in a~y way vitiating a d~scharging the Mortgagon' liability hcrr under or upon the debt hereby secured. No sale of the premises hereby mortgsged srsd no forbearance on the part of the MORiGAGEE w iri suctezsors o~ assgns and no exte~sion of the time fw the paymcnt of fbe debt Aereby.securcd given by the MORTGAGEE or its wctessors p assigns, s7tia11 operate ~ ro release, d~scharge, modify change ot affect the wginal liability of the MORTGAGOR herein, eifher in whole w in part. 10_ It is spec~fically agreed that time is of the eucnce of ~his contract and that ~o waiver of any obY~gation hereunder or of the oblgatio~ sr cured hereby shail at any time thereatter be hetd fo be a waiver of the terms hereof ot of the instrunxnt secured herby. 1 i. In acld~tion to the forego:ng rnonthly payments of princ pal and interest requ+red by the promi~scuy npte secured hereby, mortgagw covenants a*,d agrees to pay to mortgagee w;th each monthly payrnent an add~rional sum est~mated by mortgsgee to be equal to 1/12 of the anoual cost of tl~e follow- ~ng: A-AII real property taxes lev~ed a assessed agai~sr the above desaibed real esfate. 8-Premiums on fire and windstorm ins~rance as herein requ~red to be carried on the improvements situate on ihe above desvibed ~remises. C-Premiums on such mor?gage guaranty insurarce as mortgagee shall from time to time deem fit to carry on the ban secured hereby. Mortgagee shall from time to time notify mortgagor in writing of the amount due and payable hereunder ar?d such sum shall thereupon be due and ~.ayable on the due date of the ne~t monfhly payment and each successive month thereafter ur.til mortgagee shall notify mortgagor of a change in such a~.~ount. $uch sums shall be applied by mwtgageo toward the payment of real property taxes, insurance p?em:ums, and mortgage guaranty insurance premiums. IM WITNESS WHEREOF, the said MORiGAGOR has hereunto ut his hand artd seal the day and year first afo sai . ~ Si9ned. Seal ,and livaed in the prescnce of: ~ ~ _ ~ ry ~ ~ W1111aD1 . ~/@Z a~ i i _ • • ~a~ } ora eyer ~n ; SiATE Of FIORIDA ~ ~ LOUNTY OF St . Lucie ~f«~ ~,~,,,py ,~a~~ i~l1i 11 ia?m H. Meye r, J r. and Cora J. Meyer his wife, to me well known and known to me to be rhe individuals desaibed in and who executed the foregoing instrument, and acknowledged before me lhat they executed the same for the pvrposes therein ~x~~,ed. a,d rn~ sa~a Cora J. Meyer w:fe of the ssid w1111~R H. Meyer , J r. ~po„ , fep~rate and privat~ examination by me taken separate and spart from her s6id husbs~d, acknow{edged to and befwe me that tl+e exetuted said instrument freely and volun- ranly and w~thwit any compulsion, constraint, apprehe ion, w feu of or from he? said Fwsba~d. WITNESS my hand and offitial sea! thi:' ~ dsy of Ma A. D. 19 72 FIlEO ANO RECORDE~ n ST.ItlCIE CatfMTY fLA. C~. ROCE~ ~O~TRAS Notary !ic in and for Stata of Florida ~t Lups CLEliK C~i:;,UtiT COIfttT My asion e~cpires: , Returo To: RECd1~0 YE •'FIfQ~ _ . . _ ~ ' First Federal Savings d~ Loan Association ' . - " _ • . _ ~f`` 3~1 ~ Of fort P~erce. ~ ~ ~ S~ . ' ~L~ s,~. . Fort Pierce, florida ~ ;_,-_.-t tiK~~:~• " F 228996 ~ - ~ , ~ ~ ` . . , ~ , . - ~ c~''>~; - This Instrument Prepared By ThomaS A. D]Ciscoll - : : , First Federal Savings 8 loan Associatiqn l~, ~ - ~ o f Fort Pierc e~ F lOri da O ~ , . I~ Checked By ~ , _ ~ ( ~ ~ ~f saux 2{l2 P~ 3~~ ~ - - - - - - - _ _ ~