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Home My WebLink About1733 3. To place and cominuously keep on tha bui!dings now w he~eafte? situate on saed land and on ali equip~nenl u+d personally covered by this mor ags, wi~h atl prem;ums Ihereon pa~d in fu~l, fire insurance in ~he usual itanclard polity fam, in a sum approved by tM MORTGAGEE, and winds~o insurance in ~M uswl ~~andard pol,ty form, in a sum approved by tM MORTGAGfE, in ~uch compa~y or companies u tM MORTGAGEE m direttj ~nd aN tin and wind:rorm insurante policiss on +ny of iaid bvitd~n~s, ~ny intereal therein w pa~1 Ihereof, in ~M a89re9a~e ivm a(«ewid in ~xceu IFxreoi, ihall contain Iha usual s+andard matgagee clause or such otF?e~ claus~ as IIN Matyagee may requ~re, makiny ths Iou ~nda sa~d po cies, each and every, aayable to said MORTGAGEE as ~ti intereit may appear, a~d each and eve~y s~ch policy shall be promptty au:g~ed and detivered ~ sny heW by said MORTGAGEE as further security to eaid mor~gage debt, and, not leu Ihan ten (10) dsys in advance of the expiration of each policy, to d~ livs~ to iaid MORTGAGEE • renewal lhereof, 1oge~ha with a receip~ fo~ the premium o( such renewal; and there shall be no f~~e o~ windsto~m insuru+c plsced on any of said bvildings, any fnterest therei~ w par~ thereof, unleas in ths form and with tFK loss payabfe as ato~esaid; and in the event any sun of money becomes payable under such polity or policias uid MORTGAGEE shall Mve ~hs optian to reteive and apply the same on account of the indebted ness secured hereby a to permit ssid MORTGAGORS ro receive and use i! a any part thereof fo~ o:hrr pur~,oses. ~v~~hout th.r~ul wai~in3 or ~~npair irg any equity, lien w right unda w by virtve of this moregsge; a~d in ths event sa~d MORTGAGORS shall for any reason fail to keep the said premisai so ~~sured, or fail to deliver promptly any of said policies of ins~rsnce 1o sa~d MORTGAGEf, w iaii promptly ro pay fully any premiurn the.efw w in a~y respect fail to periam, dischargs, executs, effect, tomplete, comply wi~h ar,d ab~de by this covanant, or any part hrreof, said MORTGAGEE may place and pay fa such insurante w ~ny part thereof without waiving ot ~ffecting any option, lien, equity, a righf unda or by virtue o( this Mortgage, and the full amo~nt of each and every such payment shall be immcdiatsly due and payabls snd shall bear interest f~om ths date thereo4 ~ntil paid ~t the rate ol nine per centum per annum and together with ~uch interest shali bs secured by the lien of this mortgage. ` 1. To permit, commit w suffer no waste, impairment or deter'qration of said property o? any parf the?eof. 5. To pay all and singulai the costs, charges and expanses, includinp a reasonable attorney's fee a~d tosts of abstracts of title, incurced or paid at any time by said MORTGAGEE, because w i~ the event of the fa;lu~e on ths part of tF?e said MORTGAGOR to duly, promptly and fully perfw~n, d~uharge, execute, effen, complete, compfy w~th and ab:de by esch and evcry the stipvlat~o~s, sgreements, tonditions, and tovenants of uw! p~omissory note and this mwtgage any w eithe~, and said costs, charges and expenses, each and every, sMll be immediately due and payable; wl~ether p not there be notice d~ ~ mand, attempt to collett or auit pend~ng; and the full amouM of tach and every suth payment ahall bea. interest from the date thereof un~il paid at the .,te of nine per centum per annum; and ail said costs, chargcs and expenses incurred or paid, together w~th such interest, shatl ba secured by the leeo of thii mortgage. b. Ihat (a) in 1he event of any breach of this Mortgsge w default on the part of the MORTGAGOR, a(b) in the event any of said twns of money herein reterred to be not promptly and fully paid within thirty (30) days nexl after the same seve~ally become due and payabte, withovt demand or notice, or (c) in the eveM each and every the stiputations, agreemenb, conditeons and covenants of sa~d jxomiuory note and th~s mwtgs~e any p e~tAer ~re not ~uly, promptly and iully perfwmed, d~uharged, executed, eifected, tompleted, compfied wifh and abided ~iy, then in either or any auch event the said ag gregate wm mentioned i~" said prom;sswy note then remaining unpaid, with interest acuued, and all moneys secured hereby, s}wU become due and pay~ able forthwilh, or thereafter, at the option of said N10RTGAGEE, ~s fully and completely as if all of the said wms of money were aiginally st~pvlated to be paid on such day, anything in sa~d promissory note or in this Mortgage to tht contrary notwithstsnding; and there~pon w thereaite? at the option of said MORTGAGEE, without norice or demand, svit at law a in equiTy, t3xrefwe w thereafter begun, may be prosecuted as if all ma~eys secvred hereby had matv~ed pnor to ~ts institution. 7. That in the evcnt that at the beginning of w st any timc pending any suit ~pon this Nb?tgage, or to foreclose it, or to refam it, a fo enfwce payment of any ctaims hereunde~, said MORTGAGEE shall aRply to the Court iwving jv~isdiction lhereof for the appo~ntmenf of a Receiver, wch Court shalt Forthwith sppoint a receiver of said mortgaged property all and sirgula?, inttud~ng all ar+d sirgulsr the income, profits, issues and revenues irom whatever source derived, eath and every of whtch, it being expressly uoderstood, is hereby mortgaged as. if specifically set fwth artd destribed ;n 1he gran?ing and habendvm clauses he~eof, and sucl~ Receiver shall have all the broad and effective funct~ons and powers io anywise entrusted by a Cour1 to ~ Receiver, and such appointmeM sball be made by such Court as an admitted equity and a matter of absolute rigM to said MORTGAGEE, ~nd withovt reference to the edequxy w ir: dequacy oi the vatue of :he oroperty mortgaged pr to the solvency w~nsolvency of said MORTGAGOR a 1Fx defendann, and that such rems, profits, ~?.ane, iuues and revenues shall be applied by such Receiver accwding to the lien or equity of said MORTGAGEE and the practice of such Court. 8_ To duly, promptly and fu11y perfo~m, dixharge, execute, etiect, complere, comply with and abide by each and every the stipulations, agrcements, conditans and covenams in sa~d promissory note and thls mortgage set iwth_ 9. That in the event the ownership of the mortgaged premises, o? any part thereof, becomes vested in s person other fhsn the MORTGAGOR, the M,ORTGAGEE, its successws and assigns, may, witFaut nofice to the MORTGAOR, deal with such successw or successor in interest with seference fo thi3 mortgage and the debl hereby secured in the same manner as with Mortgagor without in a~y way vitiating w discharging the MortgagorY' liability htre- under w upon the debt hereby secured. No sale of the ~em~ses hereby mortgaged and no forbearance on the pan of ~he MORTGAGEE w its successors or assigns and no eatension of the time fw the paymenr of the debt hereby setured given by Ihe MORTGAGEE or its successws w auigns, atiall operate fo release, d~scharge, modify change w affect the original liab~tity of the AhORTGAGOR htrein, either in whole ot in part, 10. N is specifically agreed that time is of the essence of this contract and that no waiver of any obligation hereunder or of the obligatan se- cured hereby shaU at any time thereafter be held to be a waiver of the terms hereof or of the instrument setwed herby. 11. In add~tio~ to the fwego'~ monrhly payments of p~inc'pal and interest requ;red by the promiswry note secured he:eby, mortgagor cove~ants and agrees to pay to mortgagee with each momhly pay~~~ent an add~rional sum estimated by mortgagee to be equal to 1 j 12 of the annuai cost of the fo~low- ;ng: A-All real property ta:es levied or assessed agai~st the abore destribed real estate. 8-Prem.;ums on f~re and windstorm insurarce as herein requ~red to be carried on the improveme~ts situate on the above described premises. C-P~emiums on such mortgsge guaranty ir.surar~ce as mortgagee sha~l from t~me to ti~rte deem fit to carry on the toan secured hereby. Mortgagee shail from time to time notify mortgagor. in writing of the amaunt due and payable hereundrr and such sum shaf~ thereupon be due and Fayable on the due date oF the next month!y payment and each successive month therealter ur.til mortgagee shall notify mortgagw oi a change in such an~,ount. Such sums shatl be applied by mortgagee toward the payment of real property taxes, insurante prem:ums, and rr~t e g anty insu~ance premiums. IN WITNESS WHEREOF, the said MOR GL)R ha hereunto xt his hand and seal the y a ar first aforesaid Signed, Sealed and deliv in the e of: r ~ aq ~c~ Henr N. Washin to a a , ~on Glad C. Washin n x,n STATE OF FLORIDA 1 COUNTY OF _ St. LUC~,Q i ~ eefore me penonaUy appesred - H@~lYy N. Washington! a/1t/a H. N. k'aiahin~ton and Cii~C~j/8 C• Washinqton his wife, to me well knawn and known to me to be the individwls dexribed in and who executed the foregoing irutrument, and acknpwledged before me tMt they executed the ssen~ tor.tl~ p~rrposes : I therei~ expressed. Md the sai wife of the said ~83~1 a e ant! privat~ examination by me taken separete ar~ apsri irari fier sa~d iwsha+sd, ac~:tiwE~:y~d to a.:t3 befote mE i!~.as s4e exetu!rd e~+ ' tr,rm~nt fr y_~nd wlw~. rarily and without eny compulsion, constraint, apprehensi , t~r fesr of or f her husband. = • 4 ' . WITNESS my hand and officiai seal thi day of ~Y ~ '~j;`-~ •,9 72 i - - , ' No~ry Pubtit in snd or StaTf pf florid~ ~t.tups My Commission expir _ • : - . Retum To: ~ ' . . "tL~fS.f;Y; ~r ~T~T r-_i;-:rDAATCAitG~ First fedewl $aviogs 3 loan Association ti;~' r ~ : ' - 2. 197~5 Of Fon P~erce- ~~hE.:;,L' .='J.l.r~:'..~ :::.D~R~iRITERS, I:VC. Fort Pierce, Florida / , ' FILED A!IU RECORDED 3 r~'' j ST. LUClE COUNtY FLA. ' This Instrument Prepared 8y: J. H. Roberts~ JY. R4GER POItRAB , First Federal Savings 8 Loan Association CIERK CIE:CUIT COURT l . of Fort Pierce ~ Florida 33450 FF~pF~ vER'~~ED...~..~. Checked 8y N~ 11 I I 46 AM ~~Z - o R ~2 ~1~ 600K ~ ~ ~ L~ ~ '~:3