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Home My WebLink About1598 ~ 3. To plac~ and continuousty keep on the bui:dingt now a hcreafter ~Iluate on sa~d land and a+ ~I~ equipment ~nd personaliy tover~d by thi~ mw ags, with all premiumi ~hereoe? pa:d in full, fire insurance ~n the u3ua1 standard poticy form, in t sum approvrd by Ihs MORTGAGEE, a~d windsto i +nsuaance 1n ths usual atandard pot~ty form, i~ a sum app~oved by the lNORTGAGEE, in such company w compan~es as the MORTGAGEE m ~ duectj ar+d all fire and w~nd~~orm inwrance poGues on sny of sa~d build~nps, any interest therein a paH thereoi, io the aggrcgate wm afaesaid in excess the~eof, shall ca+tain the usuat standard mongagae clavss w such otha clause ss ths Mwt9agee may requ~r~, makinp 1he los~ unde~ sa~d po c~es, each and every, payaGle to said MORTGAGEE as its i~ierest may appear, arxl each and every such policy shall be promptly ~ss.gned ~nd delivered ~ any held by said MORiGAGEE as fu~the~ securiry ~o uid mor~gage debt, and, no1 leu tAan ten (10) days i~ advance of the expir~tio~ of each policy, to d : I~ve~ to said MORiGAGEE a renewal thereof, to9ethe~ witA a receipt fw the premium of such ~e~+ewal; and ~he~e shall be no fire o: wind~torm i~svranc j placed on ~~y of said buildings, ~ny interest therein or part thereof, vnless in tht fam a~d wi~h Ihe loss payabte as afwesaid; and in ~he even! any sun ~ o( money becomes payable und~v such policy o~ pol;cies said MORTGAGEE shall have tF?e option ro receive and apply tha same on accouN oF the indeb~ed ness secur~d F?ereby w to pe~mit said MORTGAGORS to ~eceive and use it w any part thereof fw oshr~ purposes, rri~hout th_r~o~ waiving or ~mpair ing any equity, lie~ w rght under or by virtus of thii mo: sgage: and in the event wid MORTGAGORS sl,all iw any reasan fail to keep the said p?emiszs so ~ insured, or fail to delive~ promptly any of said policies of iniu~ance to uid MORTGAGEE, or fail promptly Io pay fully sny premium therefot or in any reipect fail to pe~form, diuharge, execute, effecl, complefe, comply v.~ith and sbide by this covenant, w any part ha~eof, said MORiGAGEE may plate and pay fo~ such irtsurance or any pa?t thereof without waiving ot affectirg a~y option, lien, equity, w righl under o? by virtue of this Mortgs9e, a~d thc f~ll amount of each sr?d every such paymer?t shatl be ~mmediately due ~nd payable •nd shall bear interes~ from tho date ~hereof u~til paid at the rate of n~ne pe~ cemum per annum and rogether with iuch inrorest sha~~ be secured by ths l;en of this ma+tgaga 1. To permit, comn+it w suffer ~q waste, impairment a deterio~ation of said p?operty p any part thereof. S. To pay aN and sirgulu the costs, charpes and expen~es, ~ncluding a reasonable atto~ney i fee a~+d costs of abstratts of title, incur?ed w paid at i any time by said MORTGAGfE, beca~se a in ~he event of the failure on the pan of the said MORTGAGOR to duly, promptly and fully perfum, diuhargc, i execute, effecL complete, comply with and ab:de by each and eve+y the ~tipulatlons, agreements, conditions, and covenanK of said promissory note and this mortgage any a eithe?, and sa~d costs, cMrges and eapenxs, esch and every, shalt be immediately due and payable; whether w not there be ~otite d~ mand, atrempl to collecf or suit pending; and the full amwint of eath ~nd every svch payment shaN bewr interest from the date the~eof until paid at ihe rore oi nine pe~ cenrum per an~~u:n; and all said costs, charges and expenses inturred or paid, together w~th such interest, ~hall be secured by the lien of thii mortgage. 6. That (s) in the event of any lveach of this Mortgage a default on the part of the MORTGAGOR, or (bj in the eve~t any of said sums of money herein refe~red to be not prompNy and fully paid within tF~irty (30) days next after the sartue xverally becane due snd payable, without demand or notice. or (c) i~ the event exh and every the stiputations, agreements, cooditions and covenants of sa:d promissory note and th~s mortgage any p either are not iuly, promptiy and futly performed, d~xharged, executed, effected, completed, complied w;th and abided by, the?? in either or any iuch event the said ag gregate wm mentaned in said promissory note then remaining vnpaid, with interesl attrued, and all moneys secured hereby, shall become due and pay- abte fathwith, or thereafter, at the opGon oi said MORTGAGEE, ss fully and completely as ii all ot the said sums of money we~e aiginstly s~~pulated to be paid on such day, aeyfhing in sa;d promissory note or in this Mortgage to the contra?y notwithstanding; and thereupon w thereafter at ~he option of said MORTGAGEE, without notice w demand, suit at law o? in equity, therefwe w thereafter begu~, may be prosecuted as if all moneys setured hereby had mawred ~wr to its institutan. 7. TMt in the evtnt that at rhe begi~nirg of w a? any lime pending any suit upon this Mortgage, a to fweclose it, w to refwm it, w to enfwce payment of any claims hereunder, said MORT(',AGEE shall apply to the Court having ju~isdiction thereof for the appointment of a Receiver, such Court shafl forthwith appoint a receiver oi said mortgaged property all and singvlar, inctud~ng a~l and :inqular the income, proliJS, iuues and revenues from whatever source derived, eacA and every oi wh~ch, it be~ng expressly understood, is hereby mwtgaged as if spec~fically xt fwth and desuibed in the graroing and habendum clauses hereof, and such Receiver shall have all the boad and eifective funct~ons a~d powers in anywise entrusted by a~o~rt to a Receiver, and s~ch appointment shalt be made by such Couit as an admitted equity and a matter of absolute right to said MORI6AGEE, s~d without reference to the adequacy or insdequacy of the value of the property mortgaged or to the so:vency w inw~ve~y of said MORiGAGOR or the defe~dams, and that such rems, profits, income, issues and revenues shall be apptied by sucn Receiver according to the lien or equ;ty of said MORTGAGEE and the practice of such Court. 8. To duly, promptly and fully perform, d~uharge, e~cecute, eifect, comptete, comply with and abide by each and every the stipulatwns, agreemenis, conditions and covenams ~n sa~d promissory note and this mortgage set forth. 9. That in the event tf~e ownership of the mwtgaged premises, or any part thereof, becomes vested in s pcrson othe? than the MORTGAGOR, the MORTGAGEE, its successws and assigns, may, without notice to the MORTGAOR, deal with such successw w successw in interest with reference to this ~ mo,~gage and the debt hereby setured in the same manner as wilh Mortgago~ without in any way vitiating a diuharging the lNortgagors' liability here- under or upon the debt heret+y secured. No sale of the premius hereby mortgaged and no forbearance on the part of the MORTGAGEE or its s~ccessors or ass7gns and no extens~on of the time fw the payment of the debt hereby secured given by the MORiGAGEE or its successws w auigns, atiall operate ro release, d~scharge, modify change a affect the wig~nal liab~t~ty of the MORIGAGOR here~n, either in whole w in psrt. 10. It is speuf~catly agreed that time is of the essence of this contract and that no waiver of any obl~gauon herevnder w of the obl'gatan se- ~ c~red hereby sha10 at any time thereafter be held to be a wai.er of the terms hereof w of the instrument secured herby. ~ 11. In add~tio~ to the fwego:ng monthly payments of pri~c pal and interest required by the p~om~ssory note secured hereby, mortgagor covenanis ~ ar.d agrees to pay to mo:tgagee vvith each monthty payrnent an add~rional sum estimated by mortgagee to be equal to 1~'12 of the anr~val cost of the fo~low- ing: A-All real property taars levied w assessed against the above described real estate. B-Premiums on iire and windstorm insurar.ce as herein requ~red to be carried on the improveme~ts situate on ttie above described premises. C-Premiums on such mortgage guaranty insurar.ce as mortgagee shaN from t;me to time deem fit to carry on tbe loan secured hereby. Mortgagee shal! trom time to i~me notify mort agor in writing of the amount due and payable hereuodrr and such sum shall thereupon be due and cayable on the due date of the next monthly pay~nt and eath successive mo~th thereafter ur,til mortgagee shall not~fy mortgago~ of a thange in such a-~~ount. Such sums sF~a:i be apptied by mortgagee toward rhe payment of real propeny taxes, insurance prem:ums, and morigage guaranty insurance premiums. WITNESS WHEREOF, the said MORTGAGOR has hereunto set his hand and seal tF~e day and year ~'rst af~(esai ~ , Seakd and deli ed i~ the presence of: Ca~ Jf ~ '~.~.J~ a~ Robert L ot15 (Sean - - (SeaD Maty L, yOns ,S,an SiATE OF FLORIDA ~ COUNTY OF St . WC1Q ~ 1 eefore me perwnally sppeared RObCl L Ly0I1S i~ ~.YY 1.. ~-y0A5 his wife, to me well known snd krawn to me to be the Fndividuals described in and who executed the foregoing instrurrKnt, and acknowledged before me that they executed the same for the purposes rherein expressed. And the taid ~=y L• LyOf1S w~fe of the said Robert Lyons upon a sepsrate and privet~ examination by me taken xparate and apart from her said husband, acknowledged ro and before me that she executed said insfrumen~ freely a~u) volurr ra~~ly and w7thout any tompulsion, constrain~, apprehen ~on, w fear of or from I~er said husband. 1~~ti. ~ ~ ~ WITNESS my hand and official xal this . day of ~ D, 19 7'2 , . , ~ : : y Notary Public in and for- ' My Commiuan enpirase ` tIBUC. STATE~f~.~t LARGE Return To: -'~~_`~IIMISSION ap~R~" 1975 First Federal Snvingi b loan Association ~~7~(jqp g~+~~~~~ .A. ,S•--.. Of Fort P~erce. ~ ~ i ~ Fort Pierce, Florida ~ . ~ ` - FILED AMD RECOROE~ - . ~y sT.~uc~c cour+tr tl . = t RocER Po~Ta~s ~ . CIERK C:i:CUIT COU~t This Instrument Prepared By John W. CollinsRECORO VE~~~iED First Federal Savings & Loan Association 43 of Fort Pierce ~ F lor i da h Checked By 2;~,q?79U ~ 800~~~ Q~~~J97 # ~ . _ ~ ~r__ _ .-r~ - ~ .~h