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Home My WebLink About0310 . 3. To place and continuously Aeep on the bul!d~~gs now a hereafie~ s~tuate on sa~d land and on ali equipmem and pe~sonally covered by this mor ege, wi~h ai) prem~~ms ~hereon pa:d ~n fu~l, firc insurance in the uwal staiulard po!icy form, in a swn approved by thr MOR+GAGEE, and winds~o insurance in the usuai srandard pol.ty for~n, in a aum apptoved by the MORTGAGEE, in such company o~ comFan~es as the h10RTGAGEE m duecr, and all fire and w~ndsiorm insuro~ce poi~cies oo any of said build~ngs, any interest therein or part thereof, in the agg~e9ate sum aforesaid in exceu thereof, shall tontain the usual atanda~d matgagee clause o~ suth othtr clause as the Mortyagee may requ~re, maling the loss unda~ s~~d po s c~es, each and every, payable to said h1JRTGAGEE as i~s imerrst may appear, and each and eve~y s~ch po:icy shatl be promprly ass gned a~d delivarrd ~ ; any held by sa7d A10RTGAGEE as fur~h:r security to sa~d mortgage debt, and, no+ less than ten (10) days in ad~ance ol the expiration oi each pol~cy, to d~ Gver ro sa~d 610RTGAGEE a renewal thereof, toge~hrr wifh a rece~pt for the premium of such renewal; and there shatl be no f~~e o~ winds~o~m insuranc i placed on any of sa~d buildings, any interest thcre~n o~ pa~t thereof, untess in the torm and with the lose payable aa aforesaid; and in the event a~~y sun ~ of money becomes payable undar such polity ot poticics said AtORTGAGEE shall have Ihe opt~o~ to retaive and apply the same on atcount of the iiidcbt~d ~ ness secured hereby or to permit said MORTGAGORS to receive snd use it w any part thr:~of tor oci~.•. pur~.osts, ~v:rho~t ih: ~..,r .v~~+~_~~ o~ ~~~~p..~~ 1 ing any equity, lie~ or righl unde~ or by virwe of this mo:`gaqe; and in the event w~d MORTGAGORS sha!I for any reason fail to kcep the sa~d p~emisrs so ~ ~nsured, or fail b deliver promptly any of said pol~cies of insurante to said MORTGAGEE, or fail pron,ptly to pay fulty any pre~nium therclw or in any i respect fail to perfam, discharge, execute, effed, comptete, comply with and abide by this tovenant, or any pait hareof, said MGR7GAGEE may p~ace and pay fw such insurance or any part thereof without waiving w atfecting any option, lien, equity, or r~gl~t under or by virtue of this Mortgage, and ~he ful~ amount o~ each and eve~y such payment shalt be immediately due and payable and shall bear interast from the date thereof u~~til paid at ~he ~ate oi n~ne pe~ tentum per annwn a~~ to~ether w•ith such interest shall be secured by the lien o( th~s mort9age. ~ 1. To permit, commit or suffer no waste, impairment or deterio~ation of said property w any part thereof. 5. To pay all and singular the costs, charges and expenses, ~ncluding a reasonable attorney's fee and costi of abstracts of title, incurred or paid at any ti~ne by said MORiGAG:E, because or in the event of the failure on ?he oart of the said MORTGAGOR to duty, promptly and futly periwm, d~scharge. execute, etfect, complete, tomply w~~h and ab:de by each and every the stipulations, agreemenn, conditions, and covenants of sa~d p~omisso~y note and th~i ~~orrgage any or e~ther, and sa:d costs, charges and expe~ses, each and every, shall be immediately due and payab!e; whether or not the~e be notice da mand, attempt to cotlect or suit pend~ng; and the tul) amovnt of each and every such payment shall bea• interest from the date thereot until paid at the r,•re o+ nine per crntum par an~~u~r, and aU said costs, charges and expenses ~ncurred a paid, togather w~th such interest, thall be secured by the lien of this mortgage. 6. That (a) io the event of any breach of this Mortgage or defauh on the part of the MORIGAGOR, or (b) io the event any of sa;d wms of money ; herein referrad to ba not promptly a~d fuily paid within thirty (30) days next atrer the same severa:ly become due and payable, without demand or notice, or (c} in tha evem each and every the shpulations, agreemeNS, conditions and coveoants of sa;d promissory note and th~s mortgage any or either are not ~~ly, prwnptly and fuily performed, d~scharged, executed, effected, completed, complied w~th and abided Sy, then in e~ther a any such event the said ag ~regate sum mentioned in said promissory note then remaining unpaid, with imerest accrued, and atl moneys secured hereby, shall become due and pay- ab!e forthwith, or thereafter, at the option oi said h10RTGAGEE, as fully and completely as if alf of the said sums of money were or~ginally st~pulated fo be pa~d on such day, anything in sa.d pro:n~sswy note or in this Mo~tgage to the contrary notwithstanding; and thereupon or tnereafter at the op~~on of s~:d MORTGAGEE, without notite or demand, suit at law w in equity, thereFore w thereafter begun, may be prosecuted as if all moneys secured hereby n~d mawred pnot to ~ts institution. 7. That in tt+e event that at the be9~nn~ng of or at any time pending any su~t upon th~s Mortgage, or to fweclose it, or to refwm It, or to enforce p~yment of any c~aims hereunder, said MORTGAGEE shall apply to the Court having jurisd:aion thcreof for the appoimmem of a Receiver, such Court shail forrhwith appoint a receiver of said mortgaged property all and singular, includmg all and singular the income, profds, iawes and revenues from whatever source derived, each and every of wh::h, it being expressly understood, is hereby mortgaged as if speufically set forth a~d described in the granting and h~bendum cla~ses hereof, and such Receiver shall have all the brcad and effective funct.ons and powers in anywise entrusted by a Court to a Receiver, and s_ch appointment shalt be made by such Court as an admitted equity and a matter of absolute right to sa~d MORTGAGEE, and without re(erence to the ad:qu>cy or inadequacy of ~he value of the property mo+tgaged or to the so:vency or ~nsotvency of sa~d MORiGAGOR or the defendants, and that such re~rs, profits, incane, ~ssues anc! revenues shali be applied by such Receiver accord~ng to the lien or equity of said MORTGAGEE and the practice of such Ccurt. 8. To duly, promptly and fully perform, discharge, execute, effect, complete, comply with and abide by each and evcry the stipulations, agreements, conditions and covenants ~n sa~d promissay note and this mongage set forih. 9. That in the event the ownership o( the m~rtgaged premises, or a~y part thereof, becomes vested in a person other than the MORTGAGUR, the '~:ORTGAGEE, its successors and ass~gns, may, without norice to the MORTGAOR, deal with such successo• o~ successo~ in interest with reference to this n,ortgage and tF.e d~bt hereby setured in the same man~er as wi~h Mortgagor w~thout in any way vitiating or d~scharging the Mortgagori liability herr under or upon the debt hereuy secured. No salt oF the Fremises hereby mortgaged and ne forbearance on the part of the MORTGAGEE or its successors or assigns and no exte~sion of the timc for ~he payment of the debt hereby secured given by the MORTGAGfE or its successors w ass~gns, a~wll operate to re!ease, d~scharge, modify change or affect the orig~nal IiaoiGty of the MORTGAGOR herein, either in whole or in part. 10. It is speufically agreed that time is of the essence of this contract and that no waiver of any obiigation hereunder or of the obligatio~~ se- ~ cured hereby shalt ai any time thereafter be he:d to be a waiver of the terms hereof or of the instrument secured herby. y I l. In addeion to the forego ~~g monthly paymams of princ'pal and interest requ~red by ?he prom~sscry rto!e secured hereb~, mortga~or tovenants 3nd agrees te ~ay to mo:tgagee vcnh each monshly payntent an addirional sum est~m.ated by mortgagee to be equal to 1; 12 of the annual cost of the follow- ~ i ~~g: ~ S A-AI! real property taxes lev:ed or assess~d against the above deicribed reat estate. ~ B-Pramiums on fire and wh:dsro:m insurance as herein requ~red to be carried on the imFroveme~ts sitvate on the above d~scribed premises. ? C-Prem~urra on such mortgage g~aranty ir.surar,ce as mo.tgagee shai! fro:r. t me to time deem fit to carry on the loan secured hereby. Alortgagee sha!1 '.rom time to ti~tie notify mortgagor in writing of the amount due a~d payable he~eund<r and such surn shall thereupon be due and ~ ,.,yable on the due dafe of th> r.ext mcnth`.y payme~t and each successive month thereaftcr ur.til mortgagee shall notify mortgagor of a change in such ` a- c~nL S~th svms sF.a:l be app'~ed by mortgagee roward the payment of real property taaes, insurance prem:ums, and mortgage guaranty insurance ~ p~~emiums. IN \':ITNESS '1+HFREOF, the said MORTGAGOR has hereunto set his hand and seal the day and year first aforesa~d. ~ Signed, SeaJed and detivered in the presence of: ' ~ !V ~ ~ _ tSeal) ' {Ollsto T~' r (Seal) (Seal) ~ rlarily Turner ~~a~) 4 i ATE Of FIORIDA ' ~ i C'JUNTY OF St . I,UC le ~ ~ ~ Before me personally appeared }~OLi5t0l1 Turner a~d ~ i~farilvn Turner his wife, to me well known and known to rrK to be ' i ri~~: individuafs descr~bed i~ and who executed the foregang instrument, and acknowledged before me that they executed the same fw the purposes th~.ein eapressed. And the said '~la r11S7J1 Turner r~~fe of the sa~d ~~nuSLOA Turner upon s sepa•ate and priwte e.am~nat~on by me taken separate and apart from her said husband, acknowledged to and before me tF~at she executed wid instrument freely and volun- rar~ly and w~thout any comp~ls~on, constraint, apprehens n, or fear of or from her said husband. ~ WITNESS my hand and official seal this day of `Jul A. 119~ tK ~ - Iary Public in and the Stat Flor' at large. ~ y Commission eapires: ' • ~ ' Return To: A:TJ:. . _ f-'7( ~r !~~~.....r._s r`prg ~ First Federal $avings b Loan Association N'Y : _ ` ~'•R : ~ . ~.:i 1') Of Fort P:erce. . ~ 'a• . •r• ~ Fort PierCe. ?Ie~ida ~f . . , ' S / I ' - ~ FIlEO ANp RECOROE~'- l } ~ _ _ , i _ ~ ST. ~UCIE COUNTY f~lA. - - ~ This Irsstrument Prepared By John t~: . Col l ins pp~ER PO~TRAS L - - - First Federal Savings & Loan Association CLERK CI;tCU1T COURT L~:•., , ~ of Fort Pierce lo r i~~~ RECORD yEa1~ fED ' ~IIL ~ ~ ~ 51 aM'ZZ ~ Checked By _ ~ z~3o~~ a~,Rx204 PAGE 310 ~ ~ ~ - - - ~q - ~ ~ _~s.. ~