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Home My WebLink About0312 3. To plate and coroinuo~sly keep a~ the bui'dings now or herea{ter situate on said land and on eC,eq~~p~neN and personaliy covered by this mw ege, with all premiuma ~hereon pa:d in iuil, f~re ins~iancr in th~ usual uandard poucy (orm, in a s~m approvrd by Ihe MOR~GAGEE, and windsto insurance in the us~al s~andard pol,cy ~orm, in a sum approved by ~he MORiGAGfE, in such company or 'ce~~~pan~es as the MORTGAGEE m dirett; and all fire and w~ndstorm insurance poliues on any of said build~~+gs, any interes~ ihciein or parl thrreol, in the aggr~gate su~~ aforesaid in excess thr~eof, shall :untain the usual standard mortgagee dause or iuch otF~er dause as the Mo~~y~gze may requ,re, maM~ng ~he ioss unde~ sa~d po urs, each and every, payab'e to said h10RTGAGEE as its interzst may appear, and eath and every such po~~cy shail be promptly ass g~~ed and de~ivered : any held by sa~d MORfGAGEE as (urther security to aaid mortgage debt, and, nol less ~han ten (101 days in adaa~ue oi the expiration of each poGcy, to d~ Gver to said MORTGAGEE a rer.ewal thereaf, tage~her wiih a receipt fw the premium of such ~enewal; and ihere shail be no t~re or windsto~m ~nsuranc placed on any of said buitdings, any interesl therein or pa~f thereof, unleas in the form and with the loss payable ~s aforesaid; and in the event any sun oi money beco~~es payable under such policy or policias said MORTGAGEE shall have ~he opt~oo to receive ar.d app;y ti~e same on accoun~ o( the i~~clabted ness secured he~eby or to permlt sa~d MORTGAGORS to receive and use it a any part the:eof for o:~,• r+.ur; ~s_;. •:.:~ho.r th:•~.>> .v.:~~~ ~7 ^t'P~~' ing any equity, lien w righl under or by virtue of this mo:•gage; and in the event sa~d MORiGAGORS sha!I fw any rcason fail to keep the :aid premises so insured, o~ fail to deliver promptly any o( said policies o( insurance to said MORTGAGEE, or fa~f promptly to p~ay fully any p~e~~l~~m therefor or in any reapect fail to periorm, d~scharge, eaecute, effect, tomplete, comply with and abide by this covenan~, or any part hareo(, said MORTGAGEE may piace a~~d pay fo~ such insurance or any part thereot w~~hout waiv~ng w affecting any option, lien, equ~ty, or ngh~ under or by virtue of rhis Ma~gage, and the fulf a~novnt of each and every such payment shall be immediately due and payabte and shall b~:ar intere~t from the date thereof until paid at the rate o1 n~ne per cenWm pe+ annum and together with such interest slwli be sea~red by the lien oi Ihis mortgaga. To permit, commit or su((er no waste, impairment w deterioration of said property or any part the~eof. S. To pay a~l and siryular the costs, charge~ and ezpenses, including a reasonable attorney's fee and costs of abstrocts of t~tle, incuned o? pa~d at any time by said MORiGAG:E, because or in the event of the failure on the part of the said MORTGAGOR to duly, promptly and (utly perfonn, d~scharge. ; ~xecute, effe:t, complete, co~nply w~th and ab:de by each and every the stipulatians, agreements, conditions, and covenants of said promissory note and this ! :r.ort9age any or either, and sa~d costs, charges and expenses, each and every, shall be immediately due and payable; whe~hei or not there be not~ce de~ mand, attempt to coilect or suit pend~ng; and fhe fufl amount of each and every su<h payment shall bear interest from the date thereof until paid at the r; ~e oi nine per cantum per annurn; and aif said cos~s, chacges and eapenses incurred or paid, together w~th such interest, shall be secured by the lien of th~~ mortgage. 6. That (a) in the event of any b~each of this Mortgage or deFault on tt~ part of the MORTG~IGOR, or (b) in the event any of w~d sums of mo~eY herein refe~red to be not pron~ptly and iully paid witnin thi:ty (30) days next after ~he same severatly become due and payable, without dema~d or notice, or (c) in the event rach and every the stiputations, agreements, conditions and covenants of sa;d promissory note and th~s mortgage any or either are not ~uly, pror*~ptly and f~lly performed, d:scharged, executed, effected, completed, compGed with and ab~ded 5y, then ~n erther or any such event the said ag gregate sum mentio:~ed in said pro~nisso~y nore then remaining unpaid, with interest accrued, and all moneys secured hereby, shall become due and pay- abie forthwith, w thereafter, at the opt~o~ of said MORTGAGEE, as fully a~d completely as if atl of the said s~ms of mo~ey were onginalty stipu(ated to be paid on such day, anything in sa d prom~szwy note or in this Matgoge to the tontrary notwi~hstand~ng; and thereupon or thereafter at the opnon of sa~d MORTGAGEE, ~r.ithout notice o~ de~nand, suit at law w in equity, therefore or thereafter begun, may be prosecuted as if all moneys secured hereby h~d matured pr~w to its insti~ut~on. 7. That in the event Ihat at the beginning of or at any time pending any suit upon this Mortgage, or to fweclose it, or to reform it, or to enforte payment of any rlaims here~nder, said MORTGAC•~E shatl apply to the Court having juriad~aioo thereof for the appo~ntmeM of a Receiver, such Court shall forthwith appoint a rece~ver of said mortgaged property all and singufar, i~clud~ng a~l and s:ngular the income, prof~ls, issues and revenues from whatever s~~.ce derived, each and every of wh~ch, ~t txing expressly understood, is hereby mortgaged as if speulicaily set forth and desu~bed in the g~anting and h.3bendum cla~ses hereof, and such Receiver shaf{ have all the brcad and eifxtive funct~ons aad powen in anyw~se emrusted by a Court to a Receiver, ar.d s,ch appointment shall be made by svch Court as an admitted equity and a matter oi absolute rigM to sa~d MORTGAGEE, and without reference to the ed^quacy w inadequacy of the value of the p~operty mortgaged or to the sotvency or inso~vency of said AhORiGAGOR w the defendanta, and ~hat s~ch rrnrs, profits, inco~ne, issues ar±~ reven~es sha11 be applied by such Receiver accord~ng to the fien or equity o1 said MORTGAGEE and fhe practice of such Court. 8. To du:y, prompfly and fully perform, discharge, execute, effect, complete, comply with and abide by each and every the stipufations, agreements, cor.ditions and covenants ~n sa~d prornessory notie and th~s m~rtgage set forth. 9. That in the event the ownership of the mortgaged premises, or any part thcreof, becomes vested in a person other than the MORTGAGOR, the h'CRTGAGEE, its successors and assigns, may, without notice to the MORTGAOR, deal with svch successor or successor in interest with reterence 1o thia mo-tgage and the daut hereby secured in the same manner as with Mlo~tgagor w~thout in a~y way vit:ating or d~uharging the Mortgagors' liability here- under or upon fhe debt hereby secured. No sale of the premises he~eby mortgaged and no forbearance on the part of the /dORTGAGEE or its successws or ass~g~s and no extension of the time fo~ the payment of the debt hereby secured given by the MORTGAGEE oz its successors or ass~gru, aha11 operate . • to re!ease, d~scharge, modify change~ or affect the original liau~lity of the MORTGAGOR herein, either in v~hole or in part. 10_ It is spec~fically agreed that time is of the essence of this coniract and that no waiver of any obltgation hereunder or of the obligation se- .vred hereby shall at any time ihereafter be hc:d to be a waiver of the terms hereof a of the instrument secured herby. I 1. In a~d~tie? to the (orego~ng mooth!y payments of princ pal and interest required by the prom~ssory note secu.ed hereby, mortgagar covenants ~ 3~;d agrees to pay to mo:tgagee vvith each month!y payr~~ent an sdd~~ional sum est~m.ated by mo:tgagee to be equal to 1; 12 of the annual cost of the follow- ~ A-AI! real property taxes lev~ed or assessed against the above desvibed real esrate. B-Prem~ums on fire a~! viindstorm insurar.ce as here~n requ~red to be carried on the improvemeots situate on the bbove described premises. C-Premiums on such mortg;ge guaranty ir.surar~ce as mortgagee shall from t'me to time deem fit to tarry on the loan setured here6y. Mortgagee shail from time to rme not~fy mo~tgagor in writ~ng of the amount due and payable hereundar and such su n shall thereupon be due and ~ ;,;abte on the due dafe of ~h~ ,~ext monthiy paymer.t and each successive month thereafter ur,til mcrtgagee sha!I notify mortgagor of a change in such ount. Such sums sFa:l be appiied by motigagee toward the payment of real prapert~ taaes, ~nsurance prem.ums, a~~d mortgage guaranty insurante ~ premiums. IN YJ TPJE55 WN~R"cOF, the sa~d MORiGAGOR has hereunto set his hard and seel the day and first afore id. Ei S' , Sealed and de~ivered in th resence of= ~ • 1 Seal) Gerald A. s n ~~,q ~ (Seaq Elsie S. Jo son ~~aq SiATE OF FLORIDA St. Lucie ~ ~ :OUSJTY OF Before me personally appeared Gerald A• .10~1I150II and EZS1Q S• Johnson his wife, to me well known and known to rt+e to be rhr indrviduais described in and who e:ecuted the fwegoing instrument, and acknowledged before me that they executed the same for the purposes therein expressed. And the said Elsie S• Johnson r+ife of the said Gerald A• .TOlll'1SOII , upon a separate and private e=am~nation by me taken separate and apart from he: said husband, ackrawledged to and before rr~ that she executed said instrument freely and volun- ~ ranly and w~thout any compu~sion, constraint, apprehe~~rs~~ o? fear of ot from her said husband. - WIiNESS my hand and offiuaf seal this__ day of A: D. 19 72 - ~ ~ ~ Q ~ No Public in and for the 5 of F ~da at large M Comm~ss~on expiresNOTARY PUBLlC. SiATE e! FL^3'DA at ! AP.GE ~ Retum To: MY CO'.'~•~`P,'•~ •~n"'-~ ,.r~. °3. !?TS first Federal Savings b loan AssxiaFOn r - Of Fort P:erte. Bo~deC ltr~ (.cu,.r_:i t_,.... 1;:._= ro. Fort V~erte, Ftorida _ . * 1 , This Instrument Prepared By: Richazd K. Kayes f ~ED ~?N~ ~~~ill~• L - , . First Federa~ Savings & Loan Association f~,~UC1E COUN , _ ~ aQ~EP P01~I1A5 RT ~ . : . ~ . • - - of Fart Pierce ~ Florida ~~ERK C~R~~~T COU _ REC~R~ vEa~F1E0..~+~ , t^ ~ti' - ~ ; Checked BY 9 51 ~ ~~Z ' , . _ . ~ ' _ . 2330~5 ~ 3UOK 2O4 PACE J~~ fH - - _ _ _ ; - - - - - - - -z= _ . - , , ~~~~.y_~____:"_~.-=~~x~.~..-n_....._ _ . ~