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Home My WebLink About1727 3. To plac~ and continuously keep o~ the buildings now or here~ftsr situat~ a+ said land and on all eq~ipment snd penonally covered by fhis ma agt, with ~II premiums thercon paid i~ (ull, iFre insu~ance in the usual ttandard policy form, in a sum approved by Ihe MORiGAGEE, and wir+dsto insurance in the uswl ~tanda.d pal~cy fam, in s fum ~pproved by tM MURIGAGEE, in s~?ch company or compan~e~ as the MORTGAGEE m diredt u?d all fire and w~nds~o~m insurance policies on any of said build~ny~, any i~te~esf thsrei~ a pa~t thereof, in IM ~grcya~e sum ~faesaid ln excets thcreoi. shall contain the usual standard mortga9ee clause a such other clauta ~s the Mortyaflse may reqvire, makinp the loss unda sa~d po cies, esch ~nd eve~y, payable to iaid MORTGAGEE a~ its interest may appsar, a~d e~ch and eve.y such policy shall be promptty ass:qned and del,'vered ~ any held by said MORTGAGEE a~ fv~ther secu~ity to said mat~sge debt, and, not leu than te~ (10) days in sdvance of the expiration of each pol~cy, to d~ live~ fo said MORTGAGEE a renewal thereof, foqethe~ with a receipt fw the p?amium of tuch renewal; and there shall be no fire or wind~twm insur~oc p~~cad on any of said b~rildings, ~ny interest the~ein w part ~Mreof, unless 7n tht form and with the tou psyable as afwesaid; ~nd in tM eveM a~y sun of rtw~ey becomes payab~e u~de~ such polity a policies wid A10RTGAGEE ~hal) have tM option to reteive and +pply the same on accouM ot the indebted neu secured hereby w to permil said MORTGAGORS to rcceive aod uss it o~ any par~ thereof iw o~hcr purposes, w]~hout th?~EOJ waiyi,r~ a m+pair ing any equity, lie~ or aiqht u»der w by virtus of this mostga9e; ~nd in tM tve~t said MORTGAGORS sFwll fa sny reason fail to kecp tha said premisrs so insured, w fail ro deliver promptly a~y of said policies of insurance to said MORTGAGEE, a fail promptly to pay futly any premi~m thereior a in a~y respect fail ro pe~form, discharge, e~cecvts, effect, comptete, comply wirh and ab+de by this covenanl, u any part hereof, said MORTGAGEE may pl~te ~nd pay (or such insurante w any part thereof without waiving w ~ffecting a~y option, Ilen, equity. w right under or by virtue of this Mon9a~e, •nd thc full ~mou~t of each and every s~ch p~ymeM shall be immediately due and pyable and shall besr interest from the date thcreol uroil paid it the rate of n7ne per centum per annum and Io~ether with svth interesl shaii be secured by fM (ien of this mortgage. 4. To permit, commit or suffe? r?o waste, impairment w deteriaatiw~ of said propeiry or any paN thereof. 5. To pay all and singular the costs, charges and expenses, including ~ reasonable attw~ey's fee and costs of abstracts of title, incurred o~ paid at eny time by said MORiGAGfE, becauu or in the event of the failure o~ the part of Ihe ssid MORTGAGOR to dufy, promprly snd fully periwm, d~xha~ge, rxecuts, effect, complcte, comply with and ab:de by each and every the atipulalions, agreements, tonditions, and covenants of said promissory note and this mongage sny a eithe~. and said cosn. charges and expenses. each ~nd eve?y. sMtl be immediatcly due ~nd payabte; whe~her w not ihere be notice de~ mand, attcmpt to mllect or suit pend7ng; and the (v!! amouM of each and cvery such payme~t shall bear interett from the date the~eof until p~id at the r.,te of nine per centum per arn~um; ane! all said costs, charges and expenses int~rred or paid, together w~th s~th interest, ahall be set~red by the lien of thii mortyage. 6. Thst (a) in the event of any breach of this Mwtgaga or default on the pa~t of the MORTGAGOR, or (b) i~ the evenl sny of said sums of money herein referred to bs not prompdy and fully paid within thirty (30) days next ai~er Ihe same uve?ally become due and payable, wi~houl demand o? notice. or (c) in the event each and every the stipulations, agreements, conditions and covenants of sa:d promiuwy aote and th~i mortgage any a eithe? ue nol iuly, promptly and fully perfwmed, d;scharged, executed, effected, completed, compf~ed with and abided by, theo in either or any such eveM the said sg gregate wm mentio~ed i~ said pram;uwy note then remaining unpaid, with intaest atcrued, ar?d all mooeys setu~ed hereby, shall betcrne due ~nd pay- abte fcrthwith, w thcr~aiter, at the oprian oF said MORTGAGEE, as tully and completely as if all of the said sums of money were aginally stipulated ro be pa~d on such day, anything in sa:d prom~uory note a in this Mo.tgage to the contrary notw~~hs?and~ng; and thereupon w thereaher a1 ~he opt~on of said MORTGAGEE, without rqtice w demand, suit at law or in eq~ity, thereforc or thereafter begun, may be prosecuted as if al! ~noneys se~ured htreby had mstured pnor to its institution. 7. That in the evmt that at the begin~ing of or at any time peoding any wit upon this JYtwtgage, a to laeclose it, u ta rsf;,:m it, or to enforce payment of any claims herevnder, said lNORTGAGEE shall apply to the GouA having j~r~sdtction thereof for the appointment of a Receiver, such Court shal! forthwlth appoint a receiver of said mwtgaged prq~erty atl and singular, inclvd~ng all and singular the income, prolits, issues and revenves from whateve? source derived, each and every of wh~ch, it being expressly unders~ood, is hereby mwtgaged as i( specifically set fath ~nd described in ~he ~nnting and habendum ctauses hereof, and such Receiver shall have all the broad and effective /unct~or~s and powers in anyw~se emrusted by a Cour~ to • Receiver, and s~ch appointment shall be made by auch Court as an admitted equity and a matter of absolute right to said MORiGAGEE, and without ~eference to tM adequacy or inadequacy of the value of the p~operty mortgaged or to the sotvency or insolvency of sa~d AAORTGAGOR or the defendants, and that such rents, protits, incane, issues and revcnues shall be applied by such Receiver according to the tien a equity of said MORTGAGEE and Ihe practice of such Court. B..To duly, promptly ar?d fully perfwm, discharge, execute, effect, complete, comply with and abide by esch and every 1F?e stipulations, agreemeots, conditions and covenants ~n sa~d promissory rtote and this mutgage set fwlh. - 9. That i~ tlu event tlie ownership of the mortgaged premius, or any part thereof, becomes vested in a person other than the MORTGAGOR, the ~ hlORTGA('aEE, its succeswn and assigns, may, without notice to the MORTGAOR, dcal with svch successor or successw in interest with refcrence fo tFia mortgage and the debt hereby setured in the ssme manner as with Moirgagor without in sny way vit;ating or dixharging the Mutgagors' liability i?err under or upon the debt hereby secured. No sale of the Fremixs hereby mortgaged a~d no forbearance on Ihe pa~t of the MORTGAGEE ar its sutcesson or assigns and no extension of the time fw the payment of the debt hereby secured given by the MORTGAGEE or irs suctessors or assigns, u'w!! operate ro ieleau, dixharge, modify change or affett the original liability of the MIORTGAGOR herein, either in whok w in ps?t. 10. It is specifically agreed that time ia of the easence of this contract and that no waiver of any obligaYwn hereunder w of the obligation x- cured hereby shall at any time thereafter be held to be a waiver of the terms hereof or oi the instrumeM setured herby. 11. In addition to the fwego:ng monthfy paymtnts of princ"pat and interest reqvired by the promissary rate secured he~eby, mortgagor covenants and agrees to pay to mo:tgagee with each monthly payrnent an addirional sum est~mated by mwtgagee to be equal to 1/12 oi the annval cost of the follow- ing: A-All real property taxes levied w assessed against the above described real estate. B-Premiums o~ fire and windstorm insurar.ce as herein requ~red to be carried on the improveme~ts situate on the above d~stribed premises. C-Premiums on such mortgage guaranty insurar~ce as mortgagee shall from time to time deem fit to tarry on the ban secured hereby. Mwtgagee shall from time to time notify mortgagor in writing of the ama~nt due and payable hereunder and such sum shall thereupon be due and Fayable on the due date of the next monthty payment and each successive month thereafter ur.tit morfgagee shall not~fy mortgagor of a cha~ge in such a::~~~~~!_ 4•cb s~~ma ctia? iw anotied by mortqaqee loward the payment of real property tazes, insurance prem:ums, and mortgage guaranty insurance premiums. IN WITNESS WHEREOF, the said MORT AGOR has hereunto set his hand and seal the day and year first afaesaid_ Sig~ed, Seated and delive? in the p~ sence of: r I ` ~p 1 ~ %/r -Pr~~,n t Q . ~ ~an n ~ •n } F FLORIDA ~ ? COUNTY OF ?Sti• LL1C~9 ~ Befwe me personaliy appeared Fdward W. Sffi.Lko. a singl,e adult ,,,d ! Josephine Gudelvich, a single adult ~~,o W~ii k„~,,,,, snd known ro~~o ~ ; the individuals desvibed in and who executed the foregoing instrvment, and acknowledged before me that they executed the same for th~ purpwes ~ therein ezp~eued. Andtii~rad _ ' -~t-----. «i~~~~~wi~~ ' ~mi~iioa~y.nM.~+irw~~{w~Nrwi~'aA~iwwrJ»r~ii~iw~. ~P~'r~~'! U~ ~alu~w~eisei~~~wl~rde+e~w~rlhei?~I~e~~wi~' ~M~~~r. ...:~~Wi1~1~~ ' I~I~~N~M11MI~~M•~M~•eF - WITNESS my hand and official seal thi~ 3~ day of . ~ ~A, R 19~- ~ V d- " Nota Pubfic in sod for t 5t e of ~ '•~t I,yyt'.~ My Commiuiw? expires: ~ < . Retum To: • Fint Federal Savings a toan Assoc;aYron 'dOi'ARY FUB! tC ST'.~TF_ 7RIUA AT~JIFZ['sF..~' ~ Of Fort P~e.ce. h{Y CC::''.l:~~iGt`1 E:' ~.'•Z. 2. 197~3" GENERAL tl~i~tiFL1i:~.c (•~••:c:i?1fRITERS~ ING.. Fort P;e~ce, florida ~ ~ 1 fILEO A!1D ttECaR0E0 3, 1'? This fnstrument Prepared By J. H. Roberts, Jri?• ~uC~E COUN7r fU• ` First Federal Savings 8 Loan Association ROGER POITRAS of fort Pierce ~ Florida eiERK ctih~uit couat RECORO VE~tFIED Checked By~~ ~ 21 `r 44 1~ ~~Z 229885 ; ~ ~ B00lc ~V~ PACE1 II ~U ~ . . ls ~ ~ ~ _ - -