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Home My WebLink About1268 ~ . 3. To pl~ce a~d continuously kcep on the buildings eaw w here~fta ut~+ts on said isnd and on sii equipment ~nd perwnally covsrtd by thli mo? with ~N pramiums thereo~ pa~d in ful1, fire insurance ia ~hs us~al standard policy form, i~ a sum approved by ~he MqR~GAGEE, ~nd windsto insvr~~c~ in tM uswl standard pol~cy iam, i~ a sum approved by ~M MORTGAGEE, in such company w companies as ths MORTGAGEE m d'vec?t +~d all fir~ and wir?dstorm insurae~ca policies on ~ny of said build~n~s, any Inrerss~ therein w part thereof, ie tM sy9~eyare ivm ~foress~d In sxcess tMereof, ~hall contain the vswl ~tandud matga~N claus~ w such otha claus~ a tM Mortyages may rpua~, makinp ths loss under w~d po cies, sach and ev~ry, piyable ~o ssid MORTGAGEE is its interes~ may ~ppear, and e~ch and ~very such poticy shall be prompdy ais:Qned'a~d d~livared ~ . anY held by ~id MORIGAGFE a~ fu?the? secvrity to said mortgage debt, and, not less tMn ten (10) days in advance of the expiration of e+ch polity, to d~ IivN to said MORTGAGEE s rMewsl thereof, topethN with a reteipt fOr tfe premium of s~ch renewal; and Ihere shall bs no f'ue w windstam inaursnC plscad on any of said bvitdings, u+y inferest fherein or parf fhe~eof, unleu in ~M foim and w;fh fhs loas payabl~ ai aforesaid; and in tF?e eveM any sun oi money becomes payabte v~da ~uch polity w polK;ss iaid MORTGAGEE shall have ~hs opt~on ro ~cceive and +pply the s+me on +ccount o( the indeb~ed neu tetured he~tby or b permit said MORTGAGORS to rKeiva and ufe it p any part thereol iw oihe~ purposes, wirhovt thareb/ waivi~~g or ~~npair• irp any equity, lien p?ight ueder or by vbtw of this mort9age; ~nd i~ tM event said MORTGAGORS shatl fw any reason fail to keep the said premises so insured, pr fail 1o deliver p~omptly any of said polic3es of insuranc~ to said MORTGAGEE, w fail promptly to pay fully a~y premium therefw w in a~y respM fail M paform, discharge, execute, effect, complets, comply with and abide by this covenant, a any pan hereof, said MORTGAGEE m~y pl~ce and pay fw iuch insurance or s~y pah the~eof without waivinp w ~ffectirg any optiay lien, eqvity, w rght ~nde~ o~ by virtw of this Mortgs~e, ~nd the full amount of each u+d every such paymem shall be iewnediately dw and pay~bl~ and shatl bear intarest from the date thcceof unii~ paid ~t the rat~ of nine pe~ centum per annum and ~o~ether with such interest shall be secured by tl+~ I'a~ of this mortyage. 1. To permit, tommit w suffer no waste, impairment or deterioration of ssid property p ~ny part thereof. S. To pay all and iw+g~lar the costs, charyes snd expenses, including s reasw~.uie ~iiw~~y's ta~ s:sd co:rt rf abanscts of title, inc~ned or psid ~t any time by ia~d MORTGAGfE, because w i~ the event of the fsilu~e on the part oi ~he said MORiGAGOR to duly, p~ompfly and fully perfwm, d~xharge. executs, effect, comptete, comply w~th and ab~de by each and eveay the stipulations, agreements, condi~ions, snd mvenants of said promissory note and this mortgage ~ny or eilher, and said costs, charges and expensss, each and every, shall ba immediately due ar+d p~yable: whether a not there be nori:e d~ mand, ~ttempt ro mllect or wit pending; arxl the fvl! amo~nt of esth and every s~rth payment shall bear iroerest from 1he date tF?ereof until paEd at the rate of nine per centum per annum; and all said costs, tharges and expenses incurred or paid, together with such i~tereat, shall be setured by the lien of thii mortpsg~. 6. That in ths event of any breach of this MortgaQe or defwll on the pan of the MORTGAGOR, or (b) in the eve++t sny of satd wrey of money hercin referred Io be not promptly and fully paid within thirfy (30) days neat after the same uve~ally become due u+d payabk, without demand o? notice, or i~ the evem each a~d every the st~pulations, agreements, conditions and covcnanrs of sa~d promiuory note and th~s mortQape any o~ either are no1 iuly, promptly and fully performed, disct~arged, exetuted, effected, completed, compl'~ed with and abided by, then in either w any s~ch eveM the ssid ay~ greg~te wm mentaned i~ said (xomiuwy ~note theo remainir~g unpaid, with iroerest acuued, and all moneys setured henby, sh~ll becane due and pay- able forthwith, Of fAlfN~fN. at the opr~on of saFd MOitiGAGEE, as f~lly snd completely as if atl of ~he said wms of money were orginally st~pulated to be paid on such day, anything in sa;d promiuory note a in this Mortgage ro t}~e contrary notwithstanding; sr?d thereupon or thereafter ~I the option of sai~ MORTGAGEE, withovt notice or demarxl, wit at Iaw a in equity, therefore or tlkreafte~ begun, may be prosecuted as if a!I moneys setv~ed l~ereby bad matured pnw to its imlitWion. 7. That in the evenf that at the begioning of w ~t any tims pe~ding any suit upo~ this Mortgage, or to fweciose it, ot fo refo?m it, o? to enfwce payme~t of any claims hereunder, said N1pRTGAGEE shall apply to the Court having ju~isd~ction thereof for the appointment of a Reteiver, such Court shal) forrhwith sppoint a aeceivd of said mortgaged property all and singular, inclvd~ng all and singular the income, profits, iuues and revenues from whatever source derived, each sod ev~ry of whKh, it beiny expreuly understood, is hereby mortgaged as if speufically xt fwth and dexribed in the gra~ting and habendum ctauses hereof, and such Receiver shall have aN the broad and effettive functions and powers in anywise entrusted by a Courf to a Reteiver, and such appointment shall be made by such Court as a~ admitted equity and a rr+atter of absolute right to said MORTGAGEE, and witho~t refere~ce to the adequaq or inadequacy of the vslue of the p~operty mortgaged or to the sotvency o~ ins~lvency o( ssid MORTGAGOR or fhe defendants, and that such ren?s, profits, incane, issues and revmves shall be applied by such Receiver accwding to the lien w equity of said MORTGAGEE and the practite of such Court. 8. To dufy, promptly and fully p~rform, d;xharge, execute, effect, complete, tomply with and ab~de by eacF? and every fhe stip~lations, sgreem~nfs, conditans and covenants in sa~d promiuory ~rote and this mo~tgage set forth. 9. That in the event the ownership of Ihe mortgaged premixs, or any part thereof, becomes vested in a perwn other than the MORTGAGOR, the ~ MORTGAGEE, its successors and assigns, may, without notite to the MORTGAQR, deal with svch sutcessor p successor in interest with reference to this mortgage and the debt hereby secured in rhe same manner as with Mortgagor w~thout in any way vitiating or dixha~ging the Mortgagors' liability here- under a upon the debt hereby secured. No sale of ~he Fremixs hereby mortgaged and no forbearante on the pan of the MQR~GAGEE w its succeuors f or auigns and no extension of the time {a the payment of the debt hereby secured given by the MORiGAGEE or its successors or suigns, shall ope~ate ro reteax, distharge, modify change w affect the original liability of the MORTGAGOR herein, either in whole a i~ parL 10. It is spec~fically agreed that time is of the essence of this contract a~d that ~o waiver oi any o6ligat~on hereunder w of the obl'gstion se- cured hereby shall at any time thereafter be held to be a waiver of tht terms hereol w of the instrument secured herby. 11, In add:tio~ to the forego:ng monthly paym~nts of prin~ pal and interest required by the promizsory note secured hereby, mortgagor covenants and agrees lo pay to mortgagee with each monthfy payrnent an add~rional sum estimated by rtartgagee to be eq~pl to 1%12 of the annual cost of the follow- ing: A-All real property taxes levied or assessed agai~st the above described real estate. B-Pramiums on fire and windstorm insurance as herein requ~red to be tarried o~ the improveme~ts situate on the sbove described premises. C-Premiums on such mortgage guaranty insurance as mortgagee shall irom time to time deem fit to carry on the loan secured hereby. Mortgagee shail from time to tirtie notify mortgagor i~ writing of the amount due and payabte hereunder and such sum shall there~pon be due and Fayable o~ the due date of the next monthly payment and each s~ctessive month thereafter urtii mortgagee shalt notify mortgago? of a charge in such an,ount. Such sums sF.all be applied by mortgagee toward the payment of real prope~ty taxes, insurance prem:vms, and mortgage guaranty insurance premiums. IN WITNESS WHEREOF, the said MORiGAGOR has hereunto set his hand and seal the day and year fir~af~~ r S' ne~, Sealed and !i in the presence of: d ~ ~r% ah h fi, oke an Seaq Carole B. Cooke ~ I STATE OF FLORIDA ; counm oF St . Luc ie ~ , eefo.e a,e pe.,orwny appea.«t Huah E Cooke a~ _ f C~YOI@ B. COO1C@ his wife, to me well known and krawn ro me to be j ~ the individuals described in and who executed the faegang Fnstrument, and ecknow{edged before me that they executed thQ ~~rW~fpr tM purposes 9 thereie expressed. And the sa~d Carole B, ~OO1C@ ~ + ; s ~ ~ i ' ' r''_- ~ wife of the said H h C IC ~ ,yep~r~t6,ar~f-priwt~ ~ examinstion by me taken sepa~ate and apart f~om her said husband, acknowkdged to and be/we me that she exety~d•Q~i i~m~~t.~te~ly_ind volun- ~ rarily and w~thout sny compvlsio~, constraint, appre ~feu of or from her sa' sband. ; 1' - ~ WITNESS my hand and official seal this 'L-/L day of ~ 4! t" - n•. 1-;/I~, (L 19 72 • • - ~ ' ~i Notary Public io ~nd fo~. ~ ~o~ ~ lary~ My Corr~missan expi?es: ' ~~~9U~; ATE M fLORIDA ~t LARGE ! Retum Ta ~i01 First Federal Savings ~ loan nua~a+;o~ ~r CoA~~~SS~oN Ex~RES SEPT. j3, lQj+'j Of Fort P~erce. ~DSIIIi11C! Cp. Fort Aie~ce, Flor'eda fIlEO AMD RECORQEQ StLUCiE CouNTr ~ ROCEF POITRAS ~ ( E CLEP,K C~~CJ1T COURT r RECORA VE~?tF1E0 + This Instrument Prepared Sy John W. Collins ; First Federal Savings b loan Association 3 46 PM ~~Z ~ of Fort Pierce ~ Flozida ~ Checked By ~ f 2~9600 ~ ; ~ gooK 202 p~~E 1268 i { ~ . , ~ w~__._.~. . - - ~y - - _ - -