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Home My WebLink About1731 3. To place and continuously keep o~ the b~i:dingi ~ow w hereafte~ situa~e on said land +nd on alt equipme~t and pe~wnally covered by thii mw sg~, with aG premivm: lhereon paid in (ull, fi~e insursnce in the uiuat i?andard poticy iorm, in • sum approved by the H10R(GAGEE, a~d windsto insurance in tM ususl standard pol+ty fam, i~ ~ sum ~pproved by ihe MORTGAGEE, in such compa~y or companies as the MORTGAGEE m direcl; ar+d all fire and wtndatorm insurance pollues an a~y of sa~d build+np~, ~ny In~ereat tFxrein or part thereot, in tF+s ~ygregate sum ~forewid In excess thereof, shall ta+tain the usual standard morigagee tlause u suth o~her daute as tM Matgagee may requin, makinq the Ioss w+de~ said po cies, each and every, payable to said MORTGAGEE ai its in~eres? may ap{xar. ~nd cach ar+d ave~y tuch po~icy shall be prompqy au.gned and delivered ~ •ny held by said MORIGAGEF ~s further security to said mw~gage debt, and. ~?ot leu than ten (10) days in advance of ~he expiration of each poliq, to d~ live? to iaid MORTGAGEE a renewal thcreof, toge~htr with a receipf fw the pra++ium oi such rcnewal; and there shall be no fire or wi~~dsto~m i~suranc plxed on sny of said buitd~ngs, any intere:t there~~ or pa~t theaeof, ~~less in tM (orm ~nd w~~h ~hs lou payable as +faesaid; snd in the event any sun of +nonay becornes payable undsr iucfi pol'ecy or pol~des ssid MpRTGAGEE shall have ~he option to receive and apply the same on accouro of the ir?debted ~eu secured hereby o~ to pe~mit said MORTGAGORS 1o reteive and use it w any pa?/ thereof for orher pu~po~es, v~i~Mu! th~r, b~ waivi~ig or m~pair• ing any eqvity, I;en p right under or by virtue of this mor:g~ge; a~d in tM •vent said MORTC~AGORS shall ta a~y reason fai) to keep the iaid premises so insured, or fail fo tkliver promplly any of said polKies of insurance 1o said MORTGAGEE, or fail promptly to pay fully any pre~nium therel~a-w i~ a~y respect fail ?o periwm, discharga, execute, e(tecL comple?e, comply wi?h and abide by this covenant, a sny parl hrreof, said MORTGAGEE may plsce and pay fa such insvrance or any part thereof without waiving w ~ffectirg ~ny opYwn, lien, equlty, or right under a by virtue of this Mortgage, and the -~-rr e•_~b xw••w~ aha11 6~ :mrned'utely dw and wYible ~nd shall bear inferast f~om the date thereoi until paid at the rate ot nine per centum per annum and tw3ether with such intcrest shall be setured by ti+e lie~ of lhis morlgage. 1. To permit, canmit or wffer no waste, impairment w deteriwatan of said property w any parf thereof. S. To pay ~II a„d singular the costs, cMrges and expenses, includirg a reasonable attwney's fee and costt of abstracts of title, i~curred w paid at any Yu?:e by said MORTGAGEE, because o~ in fhe event o/ fhe failure on the part of tAe said MORTGAGOR to duly, promptly and fvlly perform, diuharge. execute, effecl, complete, comply w~th and ab:de by eath and every the stipulations, agrcements, tonditions, and covenants of said promisso?y note and this mortgage a~y w eieher, and sa~d cosrs, charges and expenses, csch and every, shall be immediately due and payabte; wherher o? not there be no~ice de mand, attempt ro collect or suit pend;ng; and the full amovnt of each and rvery such payment shall bear interest from the date the~eof until paid at the rate of nine per centum per an~~um; and all said costs, charges and expenus incurred w paid, togethet w~th such i~terest, shall be secured by the lien of thit mortg~ye, 6. That (a) tn the event of any breach of this 1No+tgage o? default on the part of the MORTGAGOR, w(b) in the event any of sa~d sums of money herein refer~ed to be not promptly and fully paid within thirty (30) days next afte~ the same severally become due snd payable, without demand or ootice. or (c) in thr evem each and every ~he s~iputa~~ons, agreements, conditia,s and covenanrs oF sa:d p.omissory nota: and th~s mortgage any or either are no1 iuly, promptly and fully performed, d~xharged, eaecuted, effected, completed, complied with and abided Sy, thee in ei~her or any such eveM the uid ag gregate wm memaned in said p?omissory note then ~emaining unpaid, with iroerest accrued, and all mon~rs secured hereby, shaN beeome dvs and pay- abte tuthwith, w fItlfNftK. at the option of said MORTGAGEE, as fulty and complefely as ii all of the said sums of money were wiginally st~pulated to be pa~d on such day, anything in sa:d promissory note or in this Matgage to the contrary notwithstanding; and therevpon a thereafter at the option of said MORTGAGEE, withovt notice w demand, suit at law w in equity, therefwe or thereafter begun, may be prosecuted as if all moneys secured hereby had matured pnor to iq institutior~. 7. ihal in tl+e event that at the begi~ning of or at any time pendi~,g any suit upon this Mo.rgage, a to forectose it, or to refwm it, w to enfwce paymeM of any claims I+e~eunder, said MOR~GAGEE shall apply ro the Cou~t having jurisd~ction thereof {or the appointment of a Receirer, such Court sF~all fwthwith appoint a receiver of said mortgaged property all and singular, includ~ng all and singular the income, profits, issues and revenues from whatever source derived, each and every of which, it be3ng expressly understood, is 1x:reby mwtgaged as if specifically set forth and described in the gra~ting and habendum clauses hereof, arrd such Receiver shall have a!1 the b?oad and effec?ive funct~ons and powers in anywise entrusted by a Court to a Receiver, and :uch appoietment shall be made by such Court as an admitted equity and a matter of absolute r'~gM to said MORTGAGEE, and without reference to the adequacy or i~adequacy of the value of the prope~ty mortgaged or ro the soivency or insolvency of said MORTGAGpR or the defendants, and ~hat such renfs, profits, income, issues and revenves ahail be applied by such Receiver accwding to the lien w equity of said MORTGAGEE and the practice of such Court. 8. To duly, promptly and fully perform, disclwrge, execute, effect, complete, comply with and abide by each a~d every ihe stipulations, agreements, condiYa~a and covenanrs in sa~d promiuwy note and th7s mortgage set fwth. 9. That i~ the event the own~rship of the mortgaged p~emises, or any parl thereof, becomes vesfed in a person other tha~ the MORTGAGOR, the MORTGAGEE, its successws and suigns, may, without not;te to the MORTGAOR, deal with such successw p successor in interest with reierence to this mortgeg~ and the debt hereby secured en the same manne~ as witb Mortgagor wifhout in any way vitiating w dischuging the Mortgagors' liability hero- under or upon the debt hereby secured_ No sale of the Fremises hereby mwtgaged and no forbearance on the pan of the MORTGAGEE w its successors or assigns and no extension of the time fw the payment of the debt hereby secwed given by the MORTGAGEE or iri successors a auigns, s.'wll operate ....,.1:4~ ~I.~,~.o „ff.w ~1,. ~r;n;nal Iia6~Gty of the lNORTGAGOR herein, either in whole or in part. ' a-• 10. It is spec;fically agreed that t~me is of the esxnce of this contrad and that no waiver of any obligat7en hereunder a of the obligatron se- cured hereby shall at any time thereafter be held to be a waiver of the terms F~ereof w of the instrurr~cl secured herby. 11. In add:tio~ to the forego'ng month!y payments of p~inc pal and interest required by the prom+sso~y note secured hereby, mortgagor tovenanfs and agrees to pay to mortgagee v~ith each mon~hly payrnent an add~rio~al sum est~mated 6y mortgagee to be equal to 1/12 of the annual cost of the follow- . ing: A-All real property taxes levied or assessed agai~st thc above described real estate. - B-Premiums on fire and windstorm ~nsurar.ce as here7n requ;red to be carried on the improveme~ts situate on the above described premises. C-Premiums on such mwtgage guaranty insurance as mortgagee shall from time to time deem fit to carry o~ the loan secu?ed hereby. Mortgagee shall from time to time notify mortgagor in writing of the amount due and payable hereunder and such sum shall thereupon be due and Fayable on the due date of the nezt month!y payment and each successive mon~h thereafter urti! rtw~tgagee shall nof;fy morfgagor of a change in such an,o~nt. Such sums shal) be applied by mwtgagee toward the payment of real property taxes, insurance prem:ums, and mortgage guaranty insurance premiums. IN WITNESS WHEREOF, the said MORTGAGOR has hereunto set his hand and seal the day a~d year first afaesaid_ ~ Si ned. Seale and deliv ed in the presente of: ~ i James . Hes er an ~ (sea4 a 1 A. Hester ,y,~y STATE OF fLORIDA ~ COUMTY OF - S't . Luc ie ~ ~ta,~,,r,~ ~„a,a~~y ,~a~~ James C . Hester a~ II ~bel A. }~CSt@I his wife, to me well known and known to me to bs the i~viduals ' in and who execWed the foregoing instrvme~t, ~nd acknowledged before me that they executed the same for the p ur p o s e s r?,e?e~n exp~es~ed, ,qnd'`~h, w;a Mabel A. Hester ,~~Fs •;tlaltQS C. Hester ypcn a separate and pr'rvsfe exam;nafiod`. by me Y~ke+~ ;separate and apart from her said busband. ~tkrwv„~eckjed to and before me thaf she executed said instrume~t freely ~nd volun- rarity andfv~i h~t~ ~nY, cpmpulsion, consrraint, apprehens~on, or fear of or from her said husband. / ~ .~'•WRNFSS.my,li4~{ and official seal thi~ day of y A. D. 19 72 . . ~.~i~.w/ ~ . ' i - - Notsry Publk in and tw the State of Florid~ ~t Larpe My Commission enpires: Return To: First Federal Savings 6 loan Association Np{~ ~'R~ ~ f_~ Of Fort Pierce. ~a My Coo~.nissioe E Mv~ Fort Pierce, Florida ~~N ~r A~ricw fw i :T~WC E COUMTY f~~ ROCER api~RAs t ~ 7his Instrument Prepared By Richard K. Kayes ~IERK Cs~;i;UIT COURt Rf~ORO +E~~~ ~EO i First Federal Savings 8~ Loan Association j of Fort Pierce Florida? ~ Checked By 8~_ ' I~ 44 AM ~11 ~ i aooK~~ ~1~ ~~9~8`~' ~ JS ~ ~ . ~ - - -