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Home My WebLink About1363 3. To plsce and coroinuously keep on the bu~td~n9s now a hereaite~ si?~ate on said land and on ail equipmeM and pe~sonaliy covered by ihi~ mo? sge, w~~h all ptemiu~ns tAereon pa~d in (~11, fire insurance in 1he usua! slandard polisy form, in ~ sum ap{uoved by ~he MOR(GAGEE, a~d w~ndsto insvraocs in the usual ~tanda~d pof;cy fam, in a sum app~oved by the MORTGAGEE, in such company or companies ~i ~M MORTGAGEE m duect; and all (ire and w~ndsw~m i~~w.ance polk~e: on ~ny oi ia~d build~nps, any interost therein w pan ~he~eot, in ths aggregate ium afaesaid in sxcess llxreoi, shall contain the usual standard mor~ga j_r c~ausa pr such other clause ai the Ma~gsgee may requ:ro, makinp the loss unda ia~d po ztes, each and every, payable to iaid MORTGAGEE a~ iti i~tereit may ~ppea~, and each and every such poticy ~MII be prompt~y au g~ed a~x! da7~va~ed ~ +ny hefd by ssid MOR1GAGfE as turther sccwity to sald mortgags debt, and, not less ~hae ten (10) days in advance of ~he expiration of each pol~cy. ~o d~ Iiver to said MORTGAGEE a renewsl thereo{, together with ~ receipt for the premium of such renewal; and ~here shall be no fire or windstorm insuranc pl~ced pn sny of said b~ildings, any inte~esl fherein or pa~/ thereof, unleu in tht form a~d with Ihe loss payable ~s afwssaid; and in the evrnt any sun of money bctom~s payable under iuch policy w polKias wid MORTGAGEE shall have ths opt~on to receive and apply the same on account of the indebted neu secured hereby w to pe~mil said MORTGAGORS ro reteive and use it p any part thereoi for otner purpases, w~thout th~rcb/ waiving or ~mpoir ing +ny equity, lien w riqhl vnder or by virtue of this mo:!gage; ~nd in IM event sa~d MORTGAGORS shall fw sny reason fail to keep the sa~d premisrs so insvred, w(ail to deliver promptly sny of said policies of insurance to said MORTGAGEE, w fail promptly to pay fully any pre~nium the~efor w in any reipect fail to pafwm, dischuge, execute, ef(ed, complete, tomply with and ab7de by this tovenant, a any part hzreof, said MORTGAGEE may place and pay fw such inwrante or ~ny part the?eof without waiving w affetli~?p any optip~, tien, equity, or right under a by virtue of this Mat9aye, and the full amount of euh and every s~ch payme~t shall be immediately dve and p~yable ~nd shall bear interest from the date the~eof until paid at the rats ol nme per cc~ntum pe~ a~num and toge~her witA such interQSt shall be secured by 1M lien of this mortgage. To permit, tommit w suffe~ o:a ~r,sstr, impairment w deterior~tion of said properry q any paN thereof. 5. To pay all and singubr the cwta, charges and expenses, including a rcasonab~e attorney i fee and cos~t of abstracts of titte, incurred or paid st any time by said MORTGAGEE, Ixcause w in the event of Ihe tailure on the part of the said MORTGAGOR to duJy, promptly and fully per(pm, d~xhargq execute, eHect, comptets, comply with and ab:de by eath and every the stip~rlations, sgreemenfs, conditions, and covenanb of said promissory note and thif mongage a~y o~ either, and said coats, chuges and expenses, eacF? and every, thall be immediatety due and payable; whether w not the+e be notice do- mand, atfempt to collecl p suit pe~dirsg; and the fvll amourtt of eath and every s~th payment thsll bear interest from the date therepf u~til paid at the rafe o( nine per centum pe. annum; arw aII said cosu, charges and experues incurred w paid, togetF?er with such interest, shal) be secured by the lien of thw mortgage. 6. That (s) in the event of any breach oi this Mortgage ar defavlf on tM pan of the MORiGAGOR, or (b) in the event a~y of sa~d swrn of money herein referred to be not prompNy and fully paid wirhin thirq (30) days nexf after the same seve~ally become due and payabte, withouf dcmand or notite, or in the eveM cach and every the stipulations, agreemeros, conditions and coven~nts of sa~d promissory note and th7s mortgage any o~ either a~e not iuly, promptly arx! fupy performed, d~schuged, execvted, effected, compkted, complied with and abided by, then io eifher or +~y such eveM the said ag gregale wm mentioned i~ said prom;ssory note then remaining unpaid, with interest accrued, and atl moneys secured he?eby, shall become dve a~d psy- able fwthwith, o~ thereafter, ai ~iie option of said MORTGAGEf, as (ully and completely as if all of the said sums of money were wiginally stipulated to be pald on such day, anything in sa;d prom~ssory note w in this Mor~gage to ~he contrary notwi~hstanding; and thereupon w thereafter at the opt~on of sa;d MORTGAGEE, withovt notKe or demand, wit at law w in eq~ity, lherefore or f~xresfter begun, may be proaecuted as if all moneys secvied hereby had matured piwr to its institution. 7. That in ths event that at the beginning of or at any time pending any auit upon this Mortgage, or to fweclose it, or to reform it, w fo enforce payment of any claims hereunder, wid 1NORTGAGfE shatl apply to the Court Fwving jurisd~ction thereof iw the appoi~tment of a Receiver, such CovA shaN forthwith appoint a receiver of said mortgaged property al) and singula~, includ~rg all and singular the income, p~ofits, issues and revenves irem whatever source derived, each and every of which, it being expreuly understood, is hereby mwigaged as if specificalty set forth and desuibed in the granting and habendum da~ses hereof, and such Receiver shall have all thr brwd and effective funcr~orts arxi powe~s in anywiu emrusted by s Co~rt to a Receiver, and such appointment shall be made by such Court as an admined equity and a matter of absolute righ~ fo said MORTGAGEE, and without reference to the adeqvacy w inadequaq of the value of the property mortgaged or to the w~vency w insolvency of said MORTGAGOR or the defendants, and that such renrs, profits, incorne, ~ssues and revenues shall be apptied by suth Receiver according to ttie lien w equity of said MORiGAGEE and the practice of suth Court. . 8. To du1y, promptly and fully perform, discharge, execute, effect, compiete, comply with and abide by each and eve?y the stiputations, agreements, conditions and cove~ants in sa~d promissory nore and this mongage set fwth_ 9. That in the event the ownersbip of the mortgaged prem;xs, or any part thereof, becomes vested in a peno~ other fhan the MORTGAGOR, the MORTGAGEE, its succeuors and ass~gns, may, without norice to the MORTGAOR, deal with such successw or succeisw in interest with refere~ce to this mortgage and tF~e debl hereby secured i~ the same manner as with Mortgagor without in any way vitialing or dixharging the Martgagors' liability here- under w upo~ the debt hereby secured. No ssle of the Fremius hereby mwtgaged and ~o forbearance on the pa~t of the MORTGAGEE w its successws or assigns and ra exten:ion of the time for the payment of the debt hereby secured given by tfu MORTGAGEE a its successws or auigns, a~'wlf operate ro release, disc}wige, modify change or af(ect the orginai liabil~ty ot tFx MORTGAGOR herein, either in whok or in part. 10_ It is specifically agreed that time is of the essence of this contract and that no waiver of any obligation hcreunder or of the obl'~gation sr cured FKreby shail at any time tMereafter be held to be a wairer of the terms hereof or of the instrument secured herby. 11. In add<tio~ to the fwego:ng monthly payments of princ'pal ~nd interest required by the promiuory rate secured hereby, mortgagor covenanls and ag~ees to pay to mo:lgagee with each monthly payrnent an addirional sum estimated by nwrtgsgee to be equal to 1/12 of the annual cost of the follow- ing: A-All real property taxes levied or assessed agaihst the above destribed real estate. B-Premiums on fire and windstorm insurance as herein requ~red to be carried on the improvemeah s'+tuate on the above described premises. C-Paemiums on such mortgage guaranty insurar~te as mortgagee shall from time to time deem fit to carry on the ban secured hereby. Mwtgagee shail from time to time notify rrwrtgagor in writing of the amount due and payable hereundzr and suth sum shall thereupon be due and ~ayable on the due date of the next month!y payment and each successive month thereafter ur,tit morigagee shall notify mortgagor of a change ' h amount. Such sums sF.all be applied by mo?tgagee foward the payment of real p?operty taxes, insura~ce pte ' , a~~d mwtgage guara ~ns~r nce premiums. IN WIiNE$S WHEREOf, the said MC~?~AGOR has reunto set his hand and seai the day a~d ye t Signed, Sealed and deliver in the p sence ofe - G Ar a r n s~,q u . Garra rant STATE OF FLORIDA ~ couNrr oF St . Luc ie Before me personalty appeared John Arthur Garrabrant Judv M Garrabxant h;s wife, to me well known and known to me to bs the individvals described in and who executed the fore9oing instnm~ent, and acknowledged before me that they executed the same for the purposes therein expressed. And the said-_ J~Y Garrabrant ~ - wife of the ~;a _~ohn Arthur Garrabrant ~ , .te ~ examination by me taken separafe and apart from her said he~sband, aclcnowledged to and befoae me that ahe execWed said instrumeqt ' :~lu~ tarily and w~thart any compulsion, constraint, appre nsion{~or feu of w from her said husband. ~ . r: WITNE55 my hand and official seat thi - day of ' 2~ ~ . _ . tary PuWK in and for t State :P if; ls~ye y. ~Offl111ii310f1 QJf~fq: ~ - ~ • f•'. ~ • r . Return To: j~ ~ ' '.~.:.1;:•.:: First Federal Savings d~ loan Association ~lOTARY PU[ItlC STAi'~ ^F F~ tTitl~ ~T MY G' C~,'!;~3iL`i~1 ~F:~'~ 2~ 1 Of Fort P~erce. ~-"t; 4-:,~ Fort Pierce, Flw~da ~iENERAL ~NSURANCE UNDERNRITE~$' y, ~ si ~t~~~r; . l i~~iiS . ' . - , . This Instrument Prepared 8y J. H. Robe=ts~ Jr. First Federal Savings 8~ Loan Association p~EA POITRAlS . of Fort Pierce~ F~pri~ OtEfFKC1~CUlj~~~ RfCORO VE1~1FtE~:.....~~ Checked By ~ ~i ~ ~ ~ doox~0z PAr,~~,3~ ~9668 ~ ~ , - - - _