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Home My WebLink About0385 3. To piac~ and continuously keep on tM b~ildings now or Mreafta ~ituate o~ said land end o~ aN eqvipment and p~rsor+ally cov~red by this mw ag~ with atl premiums Ihercon psid in iutl, (ire iniuranct i~ the usual standard policy form, ie? a tum approved by the MORiGAGEE, u+d windsto inturancs in ths viual su~dard pol~cy tpm, in s sum ~pproved by tht MORTGAGEE, in wch compa~y or compan~ss ~s ~M MORTGAGEE m duectt and aU (i~~ and wiodttwm insurancs policies oe s~y of iaid buiWinps, any intsrtst ~herein or pa?1 Ihereoi, in the ~qqre9ate sum ~for~said i in exces~ thcreof, ihall contain the usual ~tandard mwtg~ge~ dwse u such o~her clsus~ ~t ths Matgagee may ~equus. makinp tM loss unde~ iaid po + cies, csch and every, payabls to s+id MORTGAGEE +s its intere~t m~y appear, ~nd eacA end every such policy sha11 be promptly ~u yned and delivered i any l~ald by sa~d MORTGAGEE as fvither security to said mortys9e debt, and, ~ot leu than ten (10) days in advanc~ ot the expjration of each policy, to d~ liver to said MORTGAGEE a renewal thereof, to~e~her with a rece7pl for ths p?~mium of such renewal; a~d the~e shati be no fire w windsform inswa~+c ~ ptaced on ~ny of ssid build~r?gs, any interest therein a pa?? thsreof, unless in tM fo?m ~nd with ~h~ lou payable as afwesaid; ae~d in the event a~y sun of money becanei paysble ~nik+ such policy or polKies said MORTGAGEE shall haw ths opt~on ro receive a~d apFly the same oe~ acco~M of tM indebted neu secured hereby p ro permit said MpRTGAGORS to rKeive and use if or any parl thereof fa other purposes, without th~reo~ waivi~?g o~ m~pair ' ing +ny ~quiry, lien w ~igh~ under w by virtus of this mo:sg~gs; ~nd in the ~vcnt ~id MORTGAGORS shall fo? sny reason f~it to keep the s+id premises so inswed, or fai~ ro deliver promptly ~ny of said policies of insvr~nce to iaid MORTGAGEE. or fail promptly to pay tully any premium the~efo~ a in any respect. fail ro perfam, d~scha.ge, execute, effett, compiete, comply with and ~bid~ by this mvenanl, a any par~ he~eof, said MORTGAGEE may pl~ce and pay for ivch inwrante w ~ny p~rt thereof without w~iving w ~ffectirg sny option, lisn, p~ity, w right under or by virtw of this Mortq~ye, and the full amo~nt of each and every such payment shatl be imrnediately due and payabl~ and shal! bsa~ interesl from ths dat~ thereof until paid at ths rate ol n~ne per centum pe? annum and to~ethe~ with such interost shall be secu~ed by tM iien of fha mort9sge. ~1. To permit, commit w suffe? r?o waste, impiirme~t a dete?ioratioo of ssid property w any part thereof. S. To pay all and sing~lar the costs, chsrges ~nd expenses, includiny a reasonable attwney's fee and costs of abshacls of titte, incvr~ed w paid sf . any time by siid MORiGAGEE, becauss w ie+ the event of the failure on the pan of the said MORTGAGOR to tluly, promptly ~nd f~lly perform, d~scharga execute, effect, complete, comply with and ~b:de by each and every the stipulatiaa, agreements, conditions, ~nd eovenants of said promissory note and thit n~^„ga~pe any er e~?l+er, •r~d aa~d costs, cMrg~s and expeeses. each and evay. shall bs immediately due and payable: whether a not tF~ere be notice de- mand, a~empf fo rnllect p svit pcnd~ng; and the full anwunt of each ~nd every wth payment sAall bea? interett from ths date tF?ereof until p~id st Ihe rate of nine per centum per am~um; a~d all said costs, chs~ges and expenses incurred w paid, together with suth interest, thall bt sacured by 1Me lien oi this mortgay~. Q 1'hat (a) in the awM of any breach of this Mortgsg! w default on tM paN of the MORTGAGOR, o? (b) in the event ~ny of said wms of ma~ey he~cin referred to be not p~anptly and fully paid wilhi~ thi~ty (30) days neal after the same severally become dve and piyabl~, without dem~nd a ~otice, or (c) in the evcnt each a~d every tF?e stipirtatian, agreements, conditions and covenanrs of sa+d promissory note ar?d th~i mortpage any w either ire no1 iuly, promptly and futly performed, diuharged, exauted, effected, compkted, complied with and abided ~y, then in either ar any svch ewnt the said ag gregate sum mentioned in said promissory note then rem~ining ~npaid, with i~~erest acuued, and all moneyi secured he~eby, shall becwne dw and psy- able forthwith, a rhereafte~, a1 the opt;on of said MORTGAGEE, as fu1Fy ard completely as ii all of the said wms of money we~e ori~ir?~Ily snpula~ed ro be paid on such day, anything in said promissory note or in this Mwtgsge ~0 1he contrary notwithstanding; and thereupoa w the~eafter s1 the option of said MORTGAGEE, w~ihout notice a demand, suit at taw or in eqvity, therefore or tl~eafter begun, may be prosecuted as if all maieys secvred hereby nad matured pt,pr to in institution. 7. ?hat in the event that at the beginning of or st any time pcndirg any wit upon this Mortgage, or to foreclose it, or to reform it, w fo enforp payment of any daims hereunder, said MORTGAGEE shatt spply ro the Court having jurisdiction thereof fw the appointmeM of ~ RKtivK, such Court sha~l Forthwith ~ppoint a rcceive~ of said matgaged property atl and singvlar, includ+ng all and singular the income, profits, iuues and reve~~es from whatever source derived, each ~nd every of which, i1 being expressly untkrstood, is hereby mortgaged as if spetifically set forth and destribed i~ the granting and habendum clauses hereof, and s~ch Receiver shap have all !he broad and effective funct~ons and powers in anywise e++trvsted by a Court to ~ Reoeiver, and such appdntment shall be made by suth Court as an admitted equity and s matter of absolute rght to said MORTGACaEE, and without refererKe to the adequacy w insdeqwcy of the value of the property mwtgaged w to tiro wivency or insotyer+cy of said lMIORiGAGOR w the defendants, and that such rems, profin, iocane, iuves and revenues shall be appl~ed by such Receiver accord~ng to the lim or equity of said MORT6AGEE and the practice of such Court. 8. To duly, promptly a~d fvlly perfwm, diuharge, execute, effect, complete, comply with ~nd abide by each and every the stipulations, ig?eemenls, conditio~ns and tovenants in uid promissory note and th~s mortgsge set forth. 9. That in the event the ownership of the mortgaged premises, or a~y part fhereof, becomes vested in s penon other than the MORTGAGOR, the MORTGAGEE, its wcceuors and assigns, may, withouf norice to the MORTGAOR, deal wi~h such succeuor w successor in interest with refere~ce ro this mortgage and the debt he~aeby secured in the same manner as with Mortgagor without in a~y way vitiati~g a diuharging the Mutyagors• liabilify here- under or vpon the debt hereby secured. No sale of the premixs hereby mortgaged and no (orbeara~te on the part of the MORTGAGEE w iri successas or assigns and no extension of the time {a the psyment of the deht hereby secured givert by thr MORTGAGFE or its svccess~rs or ass~gns, shall operate to release, d~uharge, rnoclify tha~ge w affect the org;nal liability of the MORTGAGOR herein, titFrcr in whok or in put. 10. It is spec~fically agreed that time is of the esunce of this co~trad and thal no waiver of aoy obligaYwn hereunder or of the obligatan se- cured hereby shall at any tune thereafter be held to be a waiver of the terms hereoi or of the ins~rument secured hnby. 11. fn add~tio~ fo the (orego'ng monthly payments of princ pal and interest requi~ed by ihe promiuory note secured hereby, mortgagor tovenants and agrees to pay to mortgagee with each mo~fhly payrnent an add~rional sum estimated by mortgagee to be equal to 1/12 of the annual cosl of the follow- ing: A-AO real property taxes levied or auessed against IF~e above described real estate. B-Premiumz on fire and windstorm insu.ance as herein requ:red to be carried on the improveme~t: sit~ate on the above described premises. C-Premiums on such mortgage guaranty insurance as mortgagee shall from t~me to time deem fit to carry on the loan secured hereby. Mortgagee shall from time to time notify mortgagor in writing of the amount due and payable hereunder and such s~m shall thereupon be due and Fayabte on the due dale of Ihe next monthly paymenr and each successive mp~th thereafter urtil mptgagee shall notify mprtgagor of a e in suth amount. Such sums shall be applied by mo?tgagee toward the payment of real prope~ty taxes, ins~rance prem;ums, and rtwrtgage guar insurance premiums. iN WITNE55 WHERfOf, fhe said MqjtiGAGOR s herevn?o set his hand and seal day snd ye fit a o ai ~ ~ Signed. Se~led and deli in t~~presence of: -i~~_~u`~ - ^ - Arthnr T. Ginna n •n ~-n ` Har are~ M. Ginna ~ SiATE OF FlOR10A V i~~ • couNnr oF St. Iucie ~ - 8efwe me personally appeared A]~thu2' T. G111i18 ~8T$82~8t H• G~11~8 his wife, to me well known snd » k"~ to. t~b. the individvals desvibed in and who executed the for rg instrument, and ack~owledged before me thst they executed the aam~'.fW'~~ therein expressed. And tbe tai ~ BI~t x~ G~1T1$ •`~it ° ~,~r~ or t?~. ,~~d Arthur T. Qitma • ~ eaamination by me taken sepsrate and apart from her said h~sband, atknowl u~~'f~ ~ edged w and before me that she executed said t htely vi)1'i~F rarily and without ~ny compulsioo, constraint, sppre jon, or fear of w from her said husband. ~ - s rz W17NES5 my hand and officisl seal thi b ~y of HR -•~c_'.ti ~ ~ : i - Nota Public in snd for t St , ~Or~s if lar~' . My iuiOn lupirtf: ~i.~s. ~ r' . . Retwn Ta. 11AKY r•Ut3L~L57A"tE L~f lt:'~tDi+~Y ~Ri~iE Fint Fedeql Savings 3 Loan Association ~~Y C"'f"; ~:~.-4ti =,.--i::' S•' i a.,:. •.';;-•.}~73~ Of Fort P~erce_ ~cNFRpL IN.SJ:2jiNCc UtJ::~RY~~iTERS. INC. Fort Pierce, Florida ~ F LED AMD REC~R~EQ, ~ i~.IUCiE COUM r t~ ROCEII POIYRAE . ~ i 'r This Instrument Prepar A By J. H. Robel'ts~ Jr~ECOAD YER fiED COU~ ~ F st Federal Sav~ngs E~ loan ssouation ! of Fort Pierce ~ Floridg MAY 8 3 Z? PH ~7Z , Checked By " ^ ' 228998 ~ ~ ga~ 202 385 ~ . ' t- ~ ls