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Home My WebLink About0314 3. To ptace and co~v~nuously keep on the tu~:d~r,gs now or hereaher ~ituate on sa~d fand and on ali eq,,~p~nent and personally covered by th~s mo~ a3e, w~ih all premi~ms thercon pa~d ~n fuil, fue ~n:urance i~ thc usual srandard po~ity (orm, in a s~m a;.~rofed by the MOR~GAGEE, and windsto ~nsvraoce in ~ha usual stanJard pol.q form, m a sum approved by Ihe MORTGAGEE, in such company or companies as the hlORTGAGEE dnect; and all fire a~d w~ndatorm inwrance pol~c~es on any of Said build~ngs, any interes~ lherein or pm1 thereof, in the agg~egate wm aforesaid +n excess ~hereof, shall :onta~n ~he usual st~iidard mortgagee dause a such o~her dause as ~ha Mortyagce may reqwre, making the ioss w~dar sa:d po c~es, each and every, payob!e ~o said A10RTGAGEE as ~ts intcrtst may appear, and each and every wth potlcy Shall be pro~npfly aSS gned and de:iv~~ed ' any held by sa~d MORTGAGEE as ivrrher sewnty to said mor~gage debt, and, not tess than ten (10) days in advonce of ~he exNirahon of each poGcy, to d. I~ver to said MORivAGEE a rencwal thereof, togethet wi'h a retaipl for the premium of suth renewal; and there sha;l be no f~te o~ windato~m insuranc ptaced o~ any of said build~ngs, any interest the~e+o o~ parf thereoF, unless in the form a~xi with Ihe loss payab!e as aforesaid; and in the eveM any sun of monry becomes payable undzr such policy w pol~cics saEd MORTGAGEE shall have ~he option to rec~ive and app!y the same on account of the indrbted neas securc+d hereby o? to permit said MORTGAGOR$ lo reteive and use it or any part tf~e:eof tor o:r.~r uur; osrs, c.~tn~~t th~•.ut w=~'~~~~ a:r unP..~r ~~g any equrty, Gen w right under or by v'utue of ihis mo::gage; and in the evero sald MORTGAGORS sha!1 `or a~y reason fail to kerp the sa~J p~em~sas so ~nsvred, w fail to deliver promptty any of said poficies of insurance to said MORTGAGEE, or fa~l promptiy to pay fulty any pre~ni~m thrrefor or in a~y ~ resped fail ro pe~form, discharge, execu~e, effed, complete, comply wiih and ab~de by th:s tove~ant, or any p~r~ Fkreof, sa~d MGRT^vAGEE may piace and s pay fw suth insurante or any part thzreof wiihout waiving or affecting any option, lien, equity, or ri~ht undar or by virtue of this Mortgage, and thc ~ f~ll amount oi each and every suth paymenl shall be immcdiately due and payable and shalf br.ar interest from Iha date thercof until paid at the rate o1 ~ a ~i~ne per centum per ar.n~+n and to~ether with such interest shali be srcured by tke lien of this mortgage. } 4. To permit, commit or suffer no waste, impairment w deteriorat~on of said property w any part thereof. l 5. To pay all and singvlar the costs, charges and ezpenses, including a reasonable attwney's fee and costs oF abstratts of title, incurTed or paid al 4 ,ny time by sa~d MORTGAG:E, because w in the event of the failure on the part of the said MORiGAGOR to du~y, pron+ptly and fully perform, d~scharge. . _.ecute, e~fect, comp2ete, co~nply w~th and ab:de by each and every ~he s~ipulations, agreemeros, condiiions, and covenants of said pran~ssory note and this ; ,,ortga9e any or e~ther, a~d sa:d costs, chargea and expenses, each and every, sha~l be immediately dut and payab:e; whether or not there be notice da ~~:and, attempt to cotlect or suit pend~ng; and the full amount oi each and e~ery such payment shall bear interest from ~he date thereof until paid at the o~ nine per crntum per an~w:n; and ail said costs, charges and expzrses incurred or paid, togzther weh wch interesi, shatl be secured by the lien of this mortgage. b. That (a) in the event of any breach of this 1Nortgage or default on ~t~ part of the MORTGAGOR, w;b) in the event any of sa:d sums of mo~ey ' h~~rein referred to be not promptly and fully paid wirhi~ Ih~rty (30) daya ~ext aft~r the same severaliy become due and payable, withoul demand or notice, 1 er (c) in the event each and e.ery tne stipulations, agreemems, cond~tions and covenants of sa.d prom~saory note anc! th~s mortgage any or either are no1 ; iu!y, promFtly and fulty performed, d.schargzd, executed, etfected, tompleted, complied with and ab~ded 5y, then in e~ther o~ any such event the sa~d ag- ; aregate sum mentioned in said promissory note then remaining unpaid, with inferest accrued, and atl moneys secured hereby, shall become due and pay- ; a~.~ forthwith, or ~hercafter, at the op!~on of said AIORTGAGEE, as fully and complete~y as if atl of t!ie said sums of money were originalfy stipulated ~o be paid on such day, anything in sa:d prom~ssary note or in this Mwtgage to the contrary norwithstand~ng; and ~hereupon o~ thereaiter at the opnon of s~:J MORIGAGEE, wirhout nor~ce or demand, suit at law w in equ~ty, therefore or thereaher beyun, may be prosecuted as if atl moneys secured hereby r_d matured pnor to ~ts inst~tution. i 7. That in the event that at the beginning of or at any time pending any suit upw~ tfiis Mortgage, o~ to forec!ose it, or to reform it, or to enforte ~-.~ymenl o+ any claims he~eun~er, said MORTGAGEE shall apply to the Ccurt havi~g jur~sd;aion thereo! (or the appo~ntmeN of a Receive~, sucfi Court shail 3 icrhwith appoint a rece:ver of said mortgaged property all and singular, includ~ng all and smg~Iar the income, profAS, issues and revenues fiom whatever s~vrce derived, each and every of wh~ch, it being expressly unders~ood, ~s hereby mwtgagzd as if spec~fically set forth and deuribed in the grantirag and : t•.,oendum cta~ses hereo', and such Receiver shall have all she broad and effect~ve fona,ons and powers in anyw~se emrusted by a Court to a Receiver, and s_:t: appointment shal! be made by svch Court as an admiited equity and a matter of a~solute ~~gh~ to said MORTGAGEE, and without reference to the ~ a:?._yuacy o~ inadequacy of the value of fhe property mortgaged or to the so~vrncy or ~nsoivency of said MORiGAGOR or the defendants, and rhat s~ch r_••,rs, profits, inco~ne, issues aod revenues shai! be applied by such Receiver accord~ng to fhe lien or equity of sa~d MORiGAGEE artd the prectice of such F CourL 8. To dufy, prompt!y and fuily perform, discharge, execute, effect, complete, cornply w~~h and abide by each and every the stipulations, agreements, :or~ditions and wvenants in sa~d promissory note and this mortgage set forth. " 9. That in the event the ownersh~p of the mortgaged premises, or any part thcreof, becomes vested in a perwn other lhan the MORTGAGOR, the :'.ORTGAGEE, irs successws ar.d assigns, may, without no~ice to the HORiGAOR, deal with s~ch successor or successor in interest wi~h refe.ence to this ~ror~9age and rhe d_ut hereby sewred in the same manner as with Mortgagor with~ut in any way vit;ating o~ d~scharging the Mortgagori liability here~ ; ~-:der or ~r,un the debt hereby aecvred. No sale oi the Fremises hereby mortgaged and no forbearance on the part of the MOkTGAGEE or its successors ~ cr assigns and no exre~sion ot the nme for the payment of the debt hereby secured giver. by the MORTGAGEE or its successws or ass:gns, ahall operate ro retease, d~scharge, modify change or aifect the orig,nal Iiau~Gty of the MOR7GAGOR herein, either in whole or in part. ; 10. It is spec~fica~ly agreed that time is of the essence of this coNract and that no waiver of any obtigat~on hereunder or of the obfgation sr ~ c~•~ed hereby shaii at any time ihereafter be he!d to be a waiver of 1he terms hereof or of the instr~ment secured herby. 11. ~n add.tiu~ to the forego"ng monthly paymems of prir.c pal and interest required by the pronrsscry no!e secured hereby, mo:tgagar covenams agrz~es to pay to rtortgagee v.ah each monrhiy pay~:~ent an add~r~anal sum est;ma~ed bp mortgagee to be equal to 1, 12 of tne anaual cost of the follow- A-A!1 real propersy taaas lev~~~ or assessed agai•ist thc above described real estate. B-Pr.n:~ums on fire and viir.cl5tor~n inSUrdrte as here~~ r~u~red to be carried on the ~m;:roveme~ts srtuate on th: above d~svibed premises. C-PremSu~~'•s on such m.ort~~~ge g~aranty ir.surar,~e as mc+rtgagee shall from t[me to time deem fit to carry on the loan secured hereby. Mortgagee sh,~l 'rc~n ~~~*:e to ti••:e not~fy morrgagoi m writ~ng oi the arrou~t due and payable herrundrr and such sum shall thereupon be due and i ;~,able on tne du~ dote oc ehe next rt;orth;y payn,ent and each successive month thereafter ur~tii mortgagee shall notify mortgagor of a change in such ~ ~ o~nt. S~ch swns sha:f L•e apt i~rd by mortgay~e toward the payment of real property taxes, insurance prem.ums, and mortgage guaranfy insurance ~ remiums. IN \YITPJESS :'.HfRiOF, the said MORiGAGOR has hereunto set h+s hand and seal the day and year f"u t atoresaid. ~ i ned, Seaied and iivered in the presence of: , ` ~ (Seal) • Jo Soto ~sq ~ (Sea1) _ RU SOLO lSesl) ST:,TE OF FIORIDA u. CJUNTY OF SL . Lucie ~ Befwe me personatly appeared _ JOhri H. $Ot0 _ and Ruth $Ot0 • his wiie, to me well known and known to me to be. ~ tha individuais described in and who executed the foregoing instrument, and atknowledged before me that they executed the same for the purposes ~ rhe•ein expressed. And the said_ RL1th $Ot0 ,~~fe of the said John H $OLO - ~ upon a separate ~nd priwte ` t~,am7nat~on by me taken separate and apart from her said husband, ackrawledged to and before me that she execviQd'yid~instrunlerl f~eely and voluri- t .:•,~y and w~thout any compulsion, constraint, apprehens1:on, or fear of or from her said husband. ~ - : ? WITNESS my hand and official seal this__ ~ L~' day of~ Jul 'A. D. 19 72 y . . , , _ . . `°Q~' ~ ( ~ L ~ 1Z t ~i- ' . - . ~ Notary PubGc in and for ,tFje a}e of Fb?ida' af l~rge My Commission expires: , ` ~ • Y ~ Re7urn To: ` ~ NOTARY PUBUC, 5Tqt~' FIORIDA st U1RGE ~ First Federal $avin s d Loan Associatio~~ Of Fort P r.ce. MY C0.~AMISS~D1'1 ~IRFS SEPT. 25, 1975 Esonded ~y Art?eciun B~nkets InsutallC~ ~ ;u Fori Pie:te, Flcr.da ~ ~ \ ~ fILEG AND REC~ROE~ - ST.IUClE COUM 1f Fl . This Instrument Prepared By RiChard K. 1Cayes ~ ROCER P~tTRAS ~ _ First Federal Savings & loan Association CIERK Ci:.CUIT COURT ~ ~ _ RECORO VERIFIEO~ ~ of Fort Pierce ~ F lor ida ~ ~ .lu~ I I 9 5i AN'71 ~ Checked By ; ~ ~ R zo4 ~33~~6 Bu~K P~~E 314 ~ ~ ~ - - - ~ . _ , _ „ ~ _ ' ' . _ _ , a~ a,7'°..~~