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Home My WebLink About2741 3. To place and to~~inuousiy keep on the bvi'd~ngs now or hereafler ~~tuate on sa~d land and on aC cq~ipmeM and penonaliy covered by this mw ~ age, with all premi~ms ~hrreon pa d~n ful{, fve ins~rar,~e ~n the ~sual sta~xlard pol~ty form, i~ a sum a~.pro+ed by tha MOR~ "vAGEE, and winds~o ~ ~r~surance in ttie usual srandord pol.cy fo~m, in a sum appro.rd by the MORTGAGEE, in such company or cornpan~es as the hlORTGAGEE m ~ d~rect; and all lire and wmJs~orm insurance poi~Ges on any of said bu~id~ngs, any interest the~zin or part thereot, in the aggrega}e sum aforesaid in eacess Ihereof, shall :cntnin the usval standard ~no~tgagre dau3e o? such o~her clause as Ihe Mortgagea may rrqu~re, maAing ~he ioss undrr sa~d po ues, each and every, payabte to sa~d A10RTGAGEE as ~ts iro~res~ may appear, snd each and every wch pu~rcy shalt be prornptiy ass g~~ed and d2:iv¢rrd ~ any held by said MORiGAGiE as further aecu~ity to sa~d mortgage debt, ar,d, not less than ten (10) daYS in ad~,~nce of ~he expirat+on oF each poGCy, to d. i I;ver ~o sa~d MpRTGAGEE a r~newal thereof, together with a ~ete~pt fo~ the prem~um of such renewa`; and there st.all be no I~~e or wind~tc~~~ insu~an: f ptaced on any of said bui!d~ngs, any interest the~em or part thereof, unless in ~he form and wfth the toss payabte as afa~esaid; and in the evenl any sun t ot money beco~nes payabte undrr wch pal~cy or poLc~es said MORTGAGEE ehall have +he opt~on to ret_ive a~,d appiy N,e sa~ne o~ acco~nt o( ~he i~~drbfrd ~ n~ss secured hereby or to pernilt sa~d 1110RTGAGORS to receive and use it or a~y part tha:aol ior o~n•_r Fue;..os<~s, v.;ih•.,;t ~i, w_~.~ ~3 cr ~~~~p..~< < ing a~y equity, lien w righl unde~ or by ~irtue of this mo:tgage; and in the evenf sad MORTGAGORS shall for any reason fail to keep the said pre~nises so ~nwred, o~ fail to deliver promptly any of said pol;cies of insurance to said MORTGAGEE, a~ tia~l p:cmprly to pay fully any prem~.,~n ther.:tor or in any ~ respect 1ai1 to per(orm, discharge, execu~e, elfecl, complete, comply wirh and sbide by this covenant, or any part hr~eof, said MORiGAGEE may p~ace a•~d psy for such +nsur,~nce oi any pan fhereof w~thout waiving or alfecting any option, lien, equ~ty, or ~~ght under or by virtue of this Mortgage, and the !~~II amount of each and every such payrnent ahall be immed~ately due and payable and shall brar interest from tha date the~cof un~il p~id at the rate o~ +~~na p~r centum pe~ ar.num and to~,~hcr v,rth sucA interesr sAai! be secured by the lien of tb~s mortgage. i 4. To permit, commit o~ suffer no waste, impairment or deterioration of said property or any part thereof. 5. To pay all and s;ngu!ar the costs, charges and expenus, ~ncluding a reasor+able attw~ey's fee and costs of absfracts of title, incu~red or paid a1 ~ any time by said MORTGAG:E, because or in the event of the tailure on ~he part of ~Fx said MORTGAGOR to dufy, promptly and fully perfarm, d~scha~ge. ~.~~cu~e, effeu, complere, compty w~rh a~d ab:de by each a~d eve~y the s~~pulations, ag~eeme~ts, condirions, and covenanes oi sa~d pro,~~ssory note end ~h~s ~ „orrgage any o~ e~ther, and sa:d cosrs, <harges and eapenses, each and every, shall be immediately due an~ payabte; whether or not there be no~~ce dr ~ r. and, attempt to collett w suit pend~ng; a~d the full amount of each and every svch payment shall bea. im~res~ from the date thereot untit pa~d a1 Ihe o~ n~ne c.;nturn per am~~:r; ~nc! ail soid covs, charges and expenses incurred or paid, tagether w;th such inieresl, shall be secured by the I~en oi this i mortgage. 6. That (a) in the event of any b~each of this Mortgage or defau(t o~ the parl of the A!ORTGAGOR, or ;b) ;n the event any of sa d sums of money Ferein ~elerred to be not pron,ptly and fully paid with~n thuty ~30) days next after ihe same severa!ty become due ar+d payab~e, without demand o~ notice. o~ ic) in the evero each and every ~he stipulahons, agreements, condi~ions and covenants of sa,d promisw~y note and th~s mortgage any pr eirher are nol i~ly, promptly and tully performed, d:schargrd, eaecuted, effecred, comple~ed, complied with and ab~ded by, then in eaher or any such eveM the sa~d ag ~regate sum mentfoned in sa~d prom~ssory note then remaining vnpa~d, with interest aarued, and aif moneys secured hereby, shatl become due and pay- au e forthwith, or thereafrer, at the option of said MORTGAGEE, as fuily and complereEy as if a+l of the sa~d sums of money were onginatly st~pu:ated +o be pu:d on such day, anything in sa.d pro:n~ssory note or in thls M«tgage to the conrrary no~wirhsra„d~„q; and thereupon or thereafrcv at ~he op~~on ot sa~d MORTGAGEE, without norice or demand, suit at law or in equity, therefore a Iheraafrer begun, may be prosec~ted as if all moneys secured hereby r,:d matured p~~n ro~rs instiwnon. 7, That in the evenT tha? at the bcyinning of a at any time pending any su~t upon this Mortgage, or to foreclox it, or to reform it, or to enforce F~tment of any ciaims hereundrr, said MQRTGAGEE shat~ epply to ~he Court having junsd:ct~un thereof for the appo~ntment of a Receiver, such Court shait rc~~hwirh appoim a receiver o( said mortgaged property a!! and s;ngular, includ:ng a11 and singular the income, profits, issues and revenues from whatever s_ u~ce derived, each and every of wh.ch, ~r bemg express~y understood, is hereby merrgaged as if spec~iicaily set fath and deuribed in the granring and h.+::,endum clauses hereof, and such Receiver shall have all the broad and effective ~unct.ons and povrerz in anywise entrusted by a Ceurt to a Receiver, and s._:h appointmenf shall ye made by wch Court as an admittrd equity and a matter of absolute right to said MORTGAGfE, and wirhou~ reference to the adcy~acy or inadeq~acy of the val~e oi the p~operty mongaged or to the so~vency or insotvency of said MORiGAGOR or the defendants, and ~hat such -e•~rs, profas, incane, issues and revea~es shail be app~~ed by such Receivei accord;ng to the iien or equity of sa~d MURiGAGEE and the p~actice of such Cou rt. 8. To d~1y, prompt:y and f~lly perform, discharge, execute, efiect, complete, cwnply w~Th and abide by each and every the stipulations, agreeme~fs, ; conditicna and covenams in sa~d promissory note and th~s morrgaqe set (orth. 9. That in the event rhe ownershi o1 the mort a ed remises, or an r p g g p y part thereof, becomes vested in a pe~son other than ihe MORTGAGOR, the ~RTGAGEE, its s~ccessws and ass:gns. may, wifhout norice to the A10RTGAOR, dea: with such successo~ or successw in interest wi~h reference to this ~-rgage and ~he cieb~ hereby secured in the same manner as wiih Mortgagor without in any way vit~atFng or d~stharging 1he Mortgagori liability here- i der or u~n the debt hereby secured. No sale of the F~emises hereby mo~tgaged ar.d no forbearan~e on the part oF the ?AORTGAGEE or its svccessors or ass~gns and no earpnsron of the nme for the payment of the debt hereby secured given by the MORTGAGEE o. its successws or ass~gns, s~iaU operate rc release, d~scharge, modify char.ge or affect fhe original l;aD.fty of the NIARTGAGOR haein, either in whole w in part. 10. U;s spec~ficaiiy ;greed that time is of the essence of th~s conrrac~ and that no waiver of any obt~ga~~on hereunder w of the obligation sr c•_~red hereby shali at ary time :hereafter be hetd to be a waiver of the terms hereof or of the instrument secured herby. - 11. In add tlo~ to th: forego nq momh!y paym_nts of pr~n~ pal and interest requ~red by the prom~ssory note secured hereby, mortgag~r covenants d agr~es to pay to neorr5an^e w~tb each momhly payr.~en? an add~~ional sum est~mated by mortgagee to be equai to 1, 12 of the annual cost of the follow- e~: A-Atl reaf property taxas levied or assessed agai•~st the above desribed real estate. B-Prerrio~ns on fire and w~ndstorm insvrarce as here~n ~equ:r~d fo be carried on the Emproveme~ts s~tuare on ihe above descr;bed premises. C-Premiurrs on su<h mo~r~age guarsr.ty ir.w~a~.ce as mortgagee shail from t:me to rime deem fit to carry on the Ioan secured hereby. Mortgagee sna l'rcm ttrne to ti~ne notify mortgager in writ~ng of the amou~t due and payable hereundr+ and :uch su~, shall thereupon be due and .-bte on the d~e daTe of th= n•_xt month:y pdym~nt and each successive momh thereaffar ur.til mertgagee shatl notify mortgagor of a change in such o~nt. Such w:r~s sl~a:i be apt~:ied by mortgagee toward the payment of real property taxes, inwrance prem:~ms, ar,d mortgage guaranty insurance ~ ~ ~c'nntims. IN Y~ITNESS Y1NfR~OF, the said MORTGAGOR has hereunto set his hand and seat the day and year first afwesaid_ ; Signed, Seated and d~ifve in t presence of~ ~ j f ~ a~ _ % Nelsan P Pa • r. t~a~ ~ `f (Seaq P Seal) 5 ~ ~TE OF FLORlDA ~ ~JJ.•JTY OF Sti. I11Cj6 ~ Before me personally appeared Nelson P. Payrie, JP• and _~Oazl P~/A8 his wife, to me well known and known to me to be t~-~ individuals descr~bed in and who executed the foregoing instrument{, -snd acicnowledged before me that they executed the same for the purposes ' ~he~ein expressed. And the said_ J0811 ~d~R18 .:~te of the sa]d Nelson P• P8 JT• upon a separate and privat~ ~ e.am~nat~on by me taken seFarafe and apart from her said husband, atknowledged to and befor me that she executed sa~cjlinsitument f~eelr and vol~rri ~ ~;iy and w~thout any compu.sion, constraim, apprehens;on, or fear of a from her said sban . • % Y1iITNESS my hand and offic~al seal thi~_ ~ day of ~ ` D. 19 3~~'h ?z ~ / ~ ~ ~ _ • N tary Pubtic in a~d or t~fe State of Fiot~di~ st~larg~ ~ My Commission e~pires. ~ Retum To: ~ 2- J- - ~ J First Federal Savings 3 loan Associat~on Of Fcrt P r:ce. ~ • • l furt V~e~ce, Florid.~ ~ r, K~Gt~riOED ' , fllED^ " ; J,~HTy FU. ST.IU.. ;r;~'?RS ~ RO~i ~ . C~EaK c :,U?~ i.JURT v This Instrument Prepared By Gary F. E]1UTO0~~~~~, .;~C First Federal Savings & Loan Association ~ 1 of Fort Pierce ~ Florida ~ ` 1(~ ~N ~ L Checked By . • 232626 RK ~03 PACE 274~. ~ = - ~ ~ ~ ~.,,s.~ _ ~ ~