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Home My WebLink About1123 3. To ptacs and contin~ously keep o~ the bu~'ding~ now or hereai~er ~ltuats on sald land and on atl equ~p~nent aed personaily covrred by this mw sgs, with al) prem~wns ~herton pa.d in futl, fire insurance in Ihe uwal ita~xlard po'icy form, in a wm approved by the MOR~ti:.GEE, and wlndsto ~nsurance in ihe uiual s~andard pot.cy for~n, in i sum approv~d by tne MOR7GAGEE, in ~uch cornpany oa tompan;cs a~ ~he AtORTGAGEE m dirett; and atl fire and w~ndsiorm inaurance polic;as on any of said b~ild~n9s, any iMe~esl there~n or part th~rcwf, in the aggraga~e tum afae~a~d i~ excesi the~eof, thall contain the uYUal standard mo:rgagee clause or such othe~ clauss as Ihe Mortgages may requ~re, maki~g the ioss unckr sa+d po cies, each a~d every, payabte ro sa~d A10RiGAGEE as ~ta interes? may appear, and each and every such po~ici sha11 be prompuy assgned and de:+verr.d ~ any hcld by sa~d MOR?GAGEE as (unhar security to said mortgage debt, and. not les~ ~han ~en (10) days in advance of the expirat~on of each poGCy, to d~ livm to said MORTGAGEE a renewal thereof, togetF~ with a receipf for the premium of such renewal; and thare shall be no fire o~ w~~dstorm insuranc placed o~ any of sa~d buifd~ngs, any imeres~ tt~e~e~n or part ehereof, unless in rhe form and with ~he Ioss payable as atoreiaid; and in the event any, sun of money becomes payable under such pol:cy or pol~cies said MORiGAGEE sfiall have the opt~on to recrive and appty tne wme on account of tAe i~idebted ness secured he~eby or to permit said MORiGAGORS fo receive and ute it or any part thereol ior o:her pu+E•osrs. .v~ilwut ~h.re~i wai~;..~ v~ ~~npair ~ng any equ~ty, licn o~ right undar or by virtue of ~his mo:tgage; ind in the event sa:d MORTGAGORS shall :w any reaion fail to keep the sa~d prem~srs so insur~l, pr fail lo detiver pranplly any of sbid-paiicies of insura~te fo taid MORTGAGfE, oa fai! promptly to pay fully any pre~nium therefpr or in any respea (ail to perfwm, d~scharge, eaecute, effect, complete, comply with and ab~de by this covenant, or any par~ hereo(, said MORTGAGEE may plsce a:~d pay for such insurance or any part thereof w~thout wa~ving or affecting any option, lien, equ~~y, or r~ght under a by virrue ot this Mwtgage, and the f~,11 a~nounr of each and every such peymenf shall be ~mmed'utely due and payable and shall bear iaterest from Ihe dale thereof uroil pa~d at the rate ol n~~e pcr tentum per annum and to~e~her ~ith such interest shall be srcured by the lie~ oi this mottgage. 4. To permil, commit or suffer no waste, impairment or dete~ioration of said property a any part thereof. S. To pay all and s+ngular the costs, charget and expenses, incfuding a reasonsbte attwney i fee and coses of abstrapt of titte, incur?ed or pa~d a~ any time by said MOR~GAG:E, (xcause or in the event of the ia~lure on the part of tAe taid MORTGAGOR to duly, promptly and fu1ly perfwm, d~scharge, exrc~te, effect, canplete, comply w~th and ab:de by each and eve+y the st;pulat~o~s, agreements, to~d~tions, and covenants of said promisso~y note and thls morrgage any or e~rhe~, and sa:d costs, chsrges and expenses, each and every, shall be immediatety due and payable; whether or ~ot there be no~ice dr mand, atte~npt to collect or suit pend~ng; aod the fu~l a~nount of each and every such payment shall bea. interes~ from thr date thereof until paid a~ the ~are Oj nine ~.~er centum ~r annu:n; a~d all wid costs, charges a:id expense~ incurced w paid, together wdh such irtreresb shall ba setured by tfie iien of thi~ morlgagl. 6. That (a) in the event of any breach of this Mortgage or de(ault o~ the part of the MORTGAGOR, w(b) in the event any ot utd sums of mooey herein referred to be not p~omp~ly and fully paid wiehin tn~rty (30) days nexf afee. the same severa~ty become due and payable, wi~i,oui demand or notice, or (c) in rhe event each and eve?y ~he stipuiat~ons, agreements, cond~tio~s and covenants of sa~d promisw~y note and th~s mortgage any w ei~her ~re no1 ~uly, promp~ly and fully perfwmed. d~xharged, executed, effected, completed, compl~ed w~~h and abided Sy, ~hen in e~ther or any such event the said x~ gregate sum mentioned in said promissory ~ote then remaining unpaid, with inierest accrued, and aIl mon~ys secu~ed hereby, shall become due and pay- no~e forthwith, u Ihereafter, at the opt~on of said MORTGAGEE, as fully and compktely as if all of the sa~d sums of money were orginatly st~pu:ated to be pa~d oo such day, a~y~h~ng in sa:d p~omissory note w in this Mwfgage to the conrrary norw~ehsrandi~.g; ar~d rhereupon or the~eafter at the op~~an of sa:d MORTG~GEE, w~thovt no~ice or demand, suit at law or in equity, therefore w thereaftcr begun, may be prosecuted as if all moneys secured Fxreby ncd matured pr~oc to ~ts institut~on. 7. Shat in the event that a? rhe beginn;ng of or at any time pending any suit upon this MortBage, w to fweclose it, or to reform it, or to e~forca payment of any ciaims he~eunder, said MORTGAGEE shall apply to the Court having ~urisd~~tiori thef~bf for the~ appo3ntmtnf of a RKeiver, such Court snall Forthwith appoint a receiver of said mortgaged property all and sin9u:ar, includ~ng all and singular the incime; proiits, iuues and revenues from whate~er source dr~ived, each and every of wh~ch, it being expressfy undersrood, ia hereby morrg~yet!`as if speniically Mt fpth and desuibed in the granti~g and h.~bendum ciavses hereof, and such Recei~er shail have all the broad and effecrive funu~o~ and.pQwers in anyw~saFMruited by a Cou~~ to a Receiver, and s~ch appointment shal{ be made by suth Court as an admitted equity and a mane~ of absot~~e right .te said ~M1ORTGAGEf, a~d withait reference to !he edequacy w inadequacy of the value of fhe propc~ty morrgaged or fo the solvency or iniolvency of said MORiGAGOR or the defendaMs, and that such re~rs, profiTS, inco~ne, ~ssues and revenues shall be appi~ed by such Receiver accord~ng to the lien or equity of said MORTGAGEE and ~he practice of wch Court. 8. To du:y, promptly and fulty pe~form, d~scharge, execute, effect, complete, comply wifh and abide by each and every the stipulatio~s, agreements, :onditant and covenants in sa~d promisswy note and this mortgage set forth. 9_ That in the event the ownership of the mortgaged premises, or any part thereof, becomes vested in a perwn otfier ihan the MORiGAGOR, the ti10RTGAGEE, i?s successors and ass+gns, may, without no~ice to the MORTGAOR, deal wifh such successor or successw in interest ~vith reference to this n~:o~t9age and the d~bt hereby secured in the same manner as with Mortgago~ without in any way vitiating w dixharging the Mortgagor3' liability herr vnder or upon the debt hereby secured. No sale of the Fremises hereby mortgaged and no forbearance on the part of the MORTGRGEE or its successors or ass~g~s and no extens~on of the time for the payment of the debt hereby sxured given 6y the MORiGAGEE or its successors or au~gns, ahall operate ro reiease, discharge, mod~fy change or afFect the orig~nat liab~i~ty of the AM1ORTGAGOR herein, either in whole a in part. 10. It is spec~ficalty agreed ~hat time is of the esx~ce of this mntract and that ~o waiver of any obligat~on hereunder or of the obligation sr cured hereby shalt at any tin,e rhereafter be field to be a waiver of the terms hereof or of the instrument secured h¢rby. I1. 1~ add:rEo, to rhe forego'~~g month!y payments of p~inc pal and interest required by the prom~ssery no!e sec~red hereb~, mortgagor tovenanfs ~~d agrees to pay to n:ortgagee v.~th each month~y pay~nent an add~rional sum esnmared by mortgagee to be equal to 1. 12 of the amual cost of the foifow- n~: A-All real properry tax~s lev~ed or assessed ag~~~st the above described real estate. B-Pr~~,,:~ums on f~re and windstorm insura^ce as he~eln requ;red to be carried on the improveme~ts s~tuate on the above destribed premises. C-Premwms on such mortg3ge g~aranty ir.surar.~e as mortgagee shall from t~me to time deem fit to carry on the loan secured hereby. Mortgagee sha~l f.om rime to time ~arify mortgagor in wrft~ng of the amovnt due and payabte he~eundr~ and such su.n sha{t thereupon be due and ~ ayablz on the dve date of the next n:onth!y payment and each successive month thereafter ur,til mortgagee shall notify mortgagw of a change in such a••~ount. $uch sums sFa:l be appiEed by mortgagee toward the payment of reaI property taxes, insurance prem.ums, and mortgage gua~anty insurance premiums. !N vJITNE55 YlHEREOF, the said MORTGAGOR has hereunto set his hand and seal the day and r first atwewid. Si ne~, $ealed an e iv red in the presence of: ~ r ` 2't? E. AD 2'SOS1~ 8 S t. - «n . cs~.n STATE OF FLORIDA ~ ' cour~nr oF St. Iuc3e ~ ~ Before me perwnally appsared ~ •~8~dn ~ 8$~Il$~@ 8C~l1~-ti 7MR!' i ~ ~Iws~rile, to me well known a~d known to me to bs !he ind:vidual~ described in end who execured the foregoing instrument, and acknowltdged befo~e me tha! fier executed the same fw the purposes 'r, ~ therein expressed. ~i4lR~R!!! +?'r1C'bf`711~lf /R!' _ . ,i ~ - WITPIESS my hand and oific]a! seal thi~ day of . J~ - •p, 19 72 Notary Publit in ~nd for tlt~ Stat~ Fbrid~ at; lsrp~ Retvrn To: MY Comm~siwn ~xpires: NOjARY PUBUC~ 3TAfEoF ~1AR10A st LARGE Fint Federal Savings 8 loan Atsociat~on ~~Y pp~{~~jpr(-~~~ $EPT. 25, 19J~ O~ ~art P.erce. ~ epfldld' ~ AI1~~C~1~~11klfS IOSUf~IkO ri0~ Forr Firrce. Flo~id~ . FI~EO ~y~ =~COROEO ST. LUCIE CJI;NtY f~A. ROCE~ ??:TaRS ~ This Instrument Prepared By JOh11 ~iiT. COuiAB CI~RI~ ~~i• ~~tT COt1RT , Fi~st Federal Savirgs & toan Association REC^R` VEa f~f0 ~ of Fort Pie?ce ~ F1G1'id8 ,lu~ 15 3 si PH'?Z Checked By~-___ 231530 so~K 2U3 ~1~23 ~ ~ ~ ~ , _ - - - - ~ Y~ yYi ~ 3 jz ~ ~ys'^=~ ~=s _ . . . ~~~y~-~