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Home My WebLink About0746 3. To place and continuouily keep on the bui!d~ngs now w hereaftN situate on said land and o+~ aN equipment and p~rsonally covered by thii ma sqs, wilh ~ll premiums thercon pa~d in full, lire insurance in the ufual sta~dard polity form, in a sum ~pproved by the MORfGAGEE, and windsto ! ~niur~nce in the vsval aandard pol,cy fam, in a sum approved by the MORTGAGEE, in tuch comp~ny o~ companies +t the MORTGAGEE m duect; ~nd atl fire and w~ndsrorm insurance pola~es on any of sa~d build~nps, any in?e?est ~Fierein w pa~t ~hereof, ;n ~l+a a99regate ~vm ~faei+id in exceu ~he~eof, shall con~ain Ihe uswl sta~.dard ma~gayes ctause w~uch oil?e~ clavss as the Mor~gagee may requ~re, makinp ths toss unda sa~d po c~es, each and every, payab~e to said MORTGAGEE a~ its inte~est may appe~r, and each a~d eve~y svch pol;cy shalt be promptly au.gned and delivered ~ any held by u~d MORTGAGEE as fur~her seturity fo said matgage debt, and, not leu than ten (10) d+ys in advarxe of Ihe eapiration of each policy, to d~ liver to said MORTGAGEE s renewal thereof, togelhe~ with a reteipt fa tF?e premium oi suth renewal; a~d ihere shatl be na f~re o~ windsto~m insurant p~sced on any of sa7d bvild~ng~, any ime.est there~n or psrt thereof, unless in the form and w~th tM Ios~ payable ar afwesaid; and in the e~ent a~y tun a+ money becomes payable under such policy w polrcies said MORiGAGEE shall have ~he optlon to ~ece~ve and apply the same on accou~t of the indebted t ness aecu~ed hereb a ro mit said MORTGAGORS Io receive and use it or an ~ ! Y PH y part tl~ereof !o~ oine~ pu~posrs, v~i~hout th?~rDf wa~vin3 or unp.:ir~ ing any eqviry, lien or right u~der or by virtue of this mortgsge; ~nd in tM eve~t sa~d MORTGAGORS shall tw any ~eason fail to kecp the sa~d premisas w insured, or iail to delive~ p~omptly any of said policies of insursnce to said MORTGAGEE, or fail promptly to pay futty any premium therelp a in any respect !ai! to pe~fam, discharqe, exccute, etfect, complete, comply wi~h and abide by this cove~aro, w any pa~t he~eof, said MORIGAGEE may place a~~d t pay for suth insurante w a~y part thereof without waiving or affecting ~~y opl;on, lien, equity, a righ? u~de? or by virtue of lhis Mort9age, and the full amouet of each and every such payment shati be imnxdiarely due and payable and shal! bear iMerest from the date thereof until paid at the rate of n~ne pe~ centvm per annum and to~ether with such interest sha11 be setured by the lien of this mwtgage. 1. To permit, commit or suffer no waste, impai~ment a detaiorstion of aaid prope~ty or any paA thereof. S. To pay all and singulu the costs, chargei and expenses, inctudiig a reasonable attw~ey's fee and costs of abstrscts of titte, incurred or paid at any time by said MORiGAGfE, becauu w in the event of the tailvre on 1he pan of ths said MORTGAGOR to duly, promptly and fully perform, diuharge, =xecute, effect, complete, comply w~th and ab:de by each and every the stip~latiw~s, agreements, conditions, and covenants oT said p~omissory note and this mortgage any or eithe~, and sa~d costs, charges and expenses, each and evay, ihali be immediately due and payable; whether w not there be notice dr mand aftemp! fo collet! w suit pending; a~d the full amount of each and every s~ch payment shatl bear iMe~est from the date thereof until paid ~t the rare of nine per centum per an~~um; and atl said costs, charges and expenses incurred or paid, together w~th such interest, ahall be setured by the lien of this mortgage. 6. ?hat (a) in the event of a~y breach of this Mortgaga or default on the part of the MORTGAGOR, or (b) in the event any of said sums of money herein referred to be not promptly a~d fully paid within thirty (30) days r+ex1 after the same uverally become due and payable, without demand a notice, or in the event eath and every the stipulations, agreements, to+~ditions and covenants ot sa+d promissory note and th~s mortgage any or e7ther are not iuly, promptly arvd fully performed, d~scharged, execured, eifecfed, completed, complied with and abided 5y, then in e~ther w any such event the said ag gregate sum mcntioned in said prom;ssory note then remaining unpaid, with interest accrued, and a1~ moneys secured hereby, shalt become due a~d psy- able fwrhwith, e? theresfre~, at Ihe option of said MORTGAGEE, as fully and completely as ii all of the said sums of money were wgi~ally stipulated ro be paid on s~ch day, aoything in sa:d promissory note or in this Nbrtgage to the contrary ~otwithstanding; and thereupon or thereafter at tFe option of sa~d MORTGAGEE, w~thout notice w demand, suit at taw ar in eqvity, therefore a the~eafter begun, may be prosecuted as if all moneys secured hereby had matur~d prwr to its imtitution. 7. That in the eve~t that at the beginning of or at any time pending any ~suit upon this Matgage, or to foretlose it, a 1o refwm if, or to cnforce ~ar :.aat 8f aay ::ai-s t~.::t::rwcz, :sid !s!Q~TG~Gr£ ah:tt :~~sy sh„ f~:rr l,av;ng iur;xltct~err ehereo! #er the a~:nt...~s~i of a Receiver, such Court shall forfhwith appoint a receiver of said morlgaged property a!1 and singular, intlud~ng aIl and singutar the intome, prof~ts, issves and revenues from whatever source de~ived, each and evcry of whKh, it being expressly understood, is hereby mwtgaged as if speuficafly set fwth and deacribed in the granting and habendum clauses hereof, and such Receiver shal! I~ave all the broad and effective func~~ons and powers in anywise e~trusted by a Court to a Receiver, and such appointment shall be made by such Court as an admitted equity and a matter of absolvte right to said MORTGAGEE, and wilhout reference to the adequacy o~ inadequacy of the vatue oi the property mortgaged or to the wtvency or ~nsolverety of said MORiGAGOR w the defendants, and that such renrs, profits, incane, iuues and revenues shall be applied by such Receiver acco~ding to the lie~ or equity of said MORTGAGEE and the practice of such Coun. 8. To duly, promptiy and iuiiy per(o~m, discharge, execute, effect, tomp:ete, cosnply witk ared 3bidt by each and evtry ihe stipulations, agreeme»ts, cond;tions and covenanrs in said promissory note and this mortgage set foath_ 9. That in the event the ownersh~p of the mortgaged premises, w any part thereof, becomes vested i~ s person other than the MORTGAGOR, the MOitTGAGEE, its succeuors and assigns, may, without notKe to the MORTGAOR, deal witF such successor p successw in interest with reference to this ~norrgage and the debt hereby secured in tF~e same manner as with Morlgagor without in any way vitiati~g w discharging the Mortgagors' liability here~ under w upon tFie debt Fxreby secured. No ssle of the premises hereby mwtgaged and no forbearance on the part of the MORTGAGEE or its successors or assg~s and no exte~sion of the time {or the payment of the debr hereby secured givert by the MORTGAGEE o? its successws w assigns, ahall operate to release, discharge, modify change or affect the original Iiability of the MORTGAGOR Ixrein, eithe~ in whole or in part. 10. It is specificatly agreed thaf time is of the essence of this cordract and that no waiver of any obligat~o~ hereunder or of the obligatan se- tured hercby shall at any time thereaftcr be held to be a waiver of fhe terms hereof w of the instrument secvred herby. I1. In add~teo~ to the fwego'ng monrhly payments of princ'pal and interest required by thr promissory no?e secured hereby, mortgagor covenants ~ and agrees to pay to mo:tgagee with each monthly payrnent an add~rional sum estimated by mortgagee to be eq~a) to i% 12 of the annual cost of the fol{ow- i ir.g: A-All real property taxes levied p~ assessed agai~st the above described real estate. B-Premiums o~ fire and windstorm insurarce as herein requ;red to be carried on the improvements situate on the above d~suibed premises. C-Premiums on such mortgage guaranty insurar~ce as mortgagee shal) from time to ti~ne deem fit to tarry on the loan secured hereby. Mortgagee shait from time to time notify mortgagor in writing of the amount due artd payable hereunder and such sum shall thereupo~ be due and F ayable on the due date of the next monthly payment and each successive moroh the~eafte~ uMil morigagee shall notify mortgagw of a change in such a nount. Such sums sl:ail be appfied by mortgagee toward the payment of real property taxes, insura~e prem:ums, aixl mortgage guaranfy insuronce premiums. IN WItNESS WHEREOF, the said MORTGAGO has hereunto set his hand and seal tF~e day and year first aforesaid. Sgned, Sealed and deli~reer~d in tb prexnce ~J,~i ~ , ~ ~ ` (/~'.~~~su ~ ~'Ghi~Q.L~A ~5ea4 a~ ~ Seaq SesQ ST E OF FLORIDA ~ couNrY oF Tnnie u' 8efore me personally appeared jllf~l~~A'1 • Kl'1~.$~'lt'r and _ ~OrO~q D• ~Tl~lt his wife, to me well known and known to me to be the irxlividvals desvibed in and who e:etuted the fwegang instr~ment, and acknowledged before me that tF?ey executed the sartwe tot the purposes therein expressed. And fhe sa~ DOI'Of'i21~' D• ~~~ti rv~fe of the said _ W~i~ E• ~iK++t upon e separafe and prnatt examinatian by me taken separate and apart from her ssid husband, atknowledged to and before me that she executed ssid i rwneM frcely and 'volurr rar,ly and without any compulsion, constraint, apprehens~pry ~or fear of w from F?er said husband. ~ T 'q WITNESS my hand and offic;al seal this _ day of ` • 14. O. 19~ f Notary, Public in a~?d fo? f St e :fl~jda ~f Lar~e My Commisiwn expires: ~ . : Return To: . : . ~..-.~-c- g!'J'?irJA AY` - First Federaf Savings 3 Loan Association " ; t i R~' L . . . „ ; ~ A• ~ ~ Of Fort P~erce. C.~~~`.,v....~..,..._ ?,r~,i.:iiiY:~STE~~ ~ Fort Pierce, Florida / 7~ ' This Instrument Pfepared By Ga2y F. F,llt~tOOd 1?MD RE~*;¢~ ~~iCiE CQ Ti~ f4fi. ' First Federal Savings ~ Loan Association ' j of Fort Pierce ~ Florida Ct RKCC RC~Ii C~~Mf t j RfCOR~ Y£RlFtfO,..~r ' Checked 8y ~ 1~? ~8 331111!'11 o Rr~ i 2~ B04K ~V~ PAGf 233 i ii i S s~.~-~_: - - - - _ - 9