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Home My WebLink About2068 3. To place and continuously keep on the bui!dings now w hereafter ~ituate on sa~d land and on a~l equ~pment and perw~atiy covered by this ma sgs, wi~h all p~emiums thereo~ pa~d in full, fire insu~ance ;n rha usual sundard poticy form, in a sum approved by the MORfGAGEE, and w~nd~to insurance in the usval ttandard pol;cy (orm, in a sum approved by the MORIGAGEE, in ~uch canpany or companies as the MORTGAGEE m direcl; and all fire a~d w~ndstorm insurance poliues on any o( sa'sd build~ngs, any i~teresl therein or part thereof, i~ ~l~e aggrega~e sum aiaesaid in excess Ihereof, shall contai~ the usual srandard mor~gagae clause ot such olher clause as the Mortgagee may requ~re, making the ioss under sa~d po cies, each and every, p~yable to said MORiGAGEE as its imeres~ may appear, and each and eve~y ~uch policy shatl be promptly au gned and det~ve~ed ~ •ny hetd by said MOQTGAGEE as fu~rhe~ ~ecu~ity to said ma~gage debt, and, not lass Nwn ~en (10) days in advance oi the exp~rat~on o! each policy, to d~ live~ to said MORTGAGEE a r~newal thereof, toge~her with a recetpt for the premium ot such renewal; and there shall be no f~re o~ windsto~m inwrenc plated on ~ny of said buildings, any intere~i the~ein w part thereof, vnless in the form and w~~h the loss payable as afwesaid; and in the event any sun of money becomes payabls vnder such policy w poGcies said MORTGAGEE shall have the opt[w? to receive and appiy the wme oa account o( the indebt~d ness secured hereby or to permit said MORTGAGORS to ~eceive and use it w any pa~t tl~eraof tor o:i,~. Hurt~oses, .v~N,o.:r th_.~ oi w.:i~~ ~3 0~ ing a~y equity, lien or right unde? w by virtue of this mo:tgsge; and in the event ta~d MORTGAGORS shall fa any reason tail to keep ~he said prem~srs so insured, pr fail to deliver promptly a~y of said policies of insurance to said MORTGAGEE, or fail promptly to pay fully any pre~nium therefor or in any respect fail to perform, discha~ge, execute, etfect, complete, comply with and abide by thit tovenant, or any pai~ h~reof, sa~d MORiGAGEE may piace and oav fw such insurance o~ a~y part thereof without waiviog w affeding any option, lien, equ~ty, o~ right under w by vi.tue of this Matgage, and the ~ _ . . full iinO~nt Of OatA antl !v!ry SuC~ paymeM si~a~i ixr nu~~ uu.~ .L_.~..t .,..:1 ...,:e! a~ the rale n! 1~.110~C~~ YVp Oi~y Mi~~.~.w r"'~: r~~.~-i ~n.~ii .......~;li ~i.tt 1 l ~ nine pe? cent~m pe? annum and to~e~her with such interest shall be secured by the lien of this mortgage. 1. To permit, commit w suffe? no waste, impairment p dete~iwation of said ptoperty w any pa?t thereof. 5. To pay all and singular the costs, charges and expenses, including a reasonable attorney i fee and costs of abstracts of title, incur.ed or paid a~ any time by said MORTGAGEE, because or in the event of the fa~lure on ~he part of ihe said MORTGAGOR to duly, promprly arx! fvtly periam, d;xharge, axecute, effed, complete, comply w~th and ab:de by each and every the stipula~~ons, agreements, conditions, and covenants of said promissory note and this mo~tgage any w e~ther, and said costs, charges and expenses, each and every, ahatl be immed~ately due and payable; whether o~ not there be norice dr mand, attempt to cotlect or suit pend~ng; and the fult amovnt of each and eYery svch payment shall bea• interes~ from the date thereof until paid at thc rate ot nine per centum per annu:n; and all said costs, charges and expenses intw~ed or paid, logether w~th suth interest, shall be setured by the lien of 1hi~ mortgage. 6. Tfisf (a) in the event of any breach of this Mortgage w defavlt on tFr part of the MORTGAGOR, a(b) in the event any of satd sums of money herein referred to be not promptly and fully paid within thi~ty (30) days neat after the same severally become due and payable, without demand or notice, or (cj io the event each and every the s?iputai~ons, agreemcots, conditions and coveoants of sa;d promiswry note and th~s mortgage any or e~ther a~e nol iuly, promptl j and iully perlwmed, d~scharged, executed, eifected, completed, complied with and abided Sy, then in either w any such event the said ag gregate sum mentioned in said promissory nore then remaining unpaid, with interesl accrued, and all moneys secured hereby, shatl becom~ due and pay- abfe forthwith, a thereafter, at the option oF said MORTGAGEE, as fvlly and complere~y as ii aU of the said sums of mor~ey were w~ginally stipulated ro be pa~d on such day, any~hing in sa:d pramisswy rrote w in this Mortgage to the contrary notwithstanding; and thereupon or thereafter at the option of sa~d MORTGAGEE, without notrce or demand, suit at law w in equitY, therefore or thereafter begun, may be prosecuted as if all moneys secured hereby ^`d•~•°s~ ~~Of to its inititufiOn. 7. That in the evenl that at the beginning of or at any time pending any suit upon this Mortgage, or to foreclose it, o? to reform it, or to enforce payment of any claims hereundar, sa~d MORTGAGEE shafl appty to the Court having jur~sdrction thereot tw the appo~ntment of a Receiver, such Court shall forthwith appo~nt a receiver of sa;d mor~gaged property aIl and singular, includ~ng all and s~n9ular the income, profits, issues and revenues from whatever source derived, each and every of wh~ch, it be~ng expressly ~nderstood, ia hereby mor~gaged as if speciiically aet fwth and described in the g~anting a~d habendum ttauses hereof, and such Receiver shail have alf the broad and effective funcr~ons and powe~s in anyw;se entrusted by a Cou?t to a Receiver, and s;.ch appointment shall be made by such Court as an admitted equity and a matter of absolute right to said MORiGAGEE, and without reference to the adequacy a inadequacy of the value of the property mortgaged or to the wlventy w insolvency of said MORTGAGOR q the defendanrs, and that such ren~s, proiirs, encane, ,uues and revenues shap be applied by such Receiver accordhig to the lien w equity oi said MORTGAGEE and the p~actice of such Court. 8. To duly, promptly and fully perform, discharge, execute, effect, complete, comply with and abide by each and every the stipulations, agreemeroa, conditions and covenanrs in sa~d promissory nore and this mwtgage set fwth_ 9. Tbat in the event the ownership of the mortgaged premises, or any parf thereof, becomes vested in a person other fhan the MORTGAGOR, the A10RTGAGEE, its succeuors and assigns, may, w~rhwt notice to the MORTGAOR, deal with such successor w successw in interest with reference to this mo~tgage and tf~ debt hereby secured in the same manner as with Mo~tgagor w+thouf in any way vitiatirg a dixharging 1Fro Mortgayors' liability here- under or upon the debt hereby aecured. No sale of the prem~ses hereby mortgaged and ~o forbearance on the pan of the MORTGAGEE or its successws o~ assigns and no exte~sion of the t;me for the payment of the debt hereby secured given by the MORTGAGEE or its successors or auigns, ,hatl operate ~o release, d~sclurge, modify change or affect the orig~nal liab;lay of the MORiGAGOR he~ein, either in whole w in part. 10. It is spec~fically agreed that time is of the essen~e of this contract and that no waiver of any obligation he~eunder or of the obligatwn se? cured hereby shall at any time thereafter be held to be a waiver of the te~ms hereof or of the instrument secured herby. 11. In add;tio~ to the Forego:ng month!y paym~ros of princ'pal and 'interest required by the prom:ssery note secured hereby, morfgagar tovenants and agr`es to pay to mortgagee with each monthly payrnent an addi~io~al sum estimated by rtwrtgagee to be eaual to 1; 12 of the annual cost of the follow- ing: A-All real property taxes levied w assessed against the above described real estate. B-P~emfums on fire and windstorm insurar.ce as herein requ;red to be carri~d on fhe ~m~roveme:~ts s~tuate on the above described premises. C-Premiums on such mortgage guaramy ir.surar~ce as mo~tgagee shall fram time to time deem fit to carry on the loan secured hereby. Matgagee s~a!1 from ti~ne to time not~fy mortgagor in writing of the amount due and payabte hereundrr and such sum shall 1Fwreupon be dua and Fayable on the due date of the next momh!y payment and each successive month thereafter ur.tit mcrtgagee shall notify mortgagor of a change in such a~>>o~nt. Such sums sFall be applied by mortgagee toward the payment of real property taaes, insurance prem:ums, and mortgage guaranty insurance premiums. IN WITNESS WHEREOF, the said RTGAGOR has hereunfo sef his hand arw seal the day and ye irst aforesaid. ^ Sig~d, Sealed and deliver d in presence of:` 1 \ ~ an - L, Peter L• COle, a single adu~,~ (Sean (Seal) STATE OF FLORIDA ~ COUNTY Of St~ +~uV~ ~ eefa~ penonally appeared Peter L. Cole, a sfngls aehtlt .~,a- - .~w~if~, to me well known and k~own fo me to be the individvsl~ described in and who executed the foregoing instrument, snd acknowledged before me that I1hey executed the same fw the pv?poses thesein expressed. -wrii~~.li~rwii• e~w~• -~ww~wiw.w~~ - hwbawic"~eknswle~d~a? ~ii.~-si~s~ee~eei- ' _wJ~~~rL"'•.~~ ~ ai°4'~~ K ~ew he~+~id~i~s~ba~+eF. ~ ' , Ol ~ ' WITNESS my hsnd and official seal this day of p." 19 2 Nota Pubtic ~n and fo t State of- florida ~t laty~ My ommiuion expires: . : • Retum To: ~ ~ - _ first Federal Savirtgs b loan Association W~Tit'~Y ?i•~'::C rt z~~ ^~iDA a1' uRGE Of fort P~erce. I~:t C ~~r. ~~,+j : ' . ? 1975 . Fon P~e~ce, Flo.~d~ GE.~s£~'2f+L ITi~i1RliCiCE Uiit7~RWRITER~ INC, - 23012~1 FILEO AN6 RECOROEO ST. LUCit ~Ot1NTY f~A. This Insfrument Prepared 8y J. H• $pbgi'~S~ dT. ROGEr ?;~~~RAS ~~1~ First Federal ~avings & Loan Association CLERK ;,~Jt~ COURT of Fort Pierce ~ F102'id8 a~''~~^ ~f "`rE0 Checked ey ~ Mar 1~i 3 a2 PH'?1 BOQK 2O~ P~G[zOSej - - - - - - -