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Home My WebLink About0536 3. To place and continuously kerp on ~he bui'd~ngs now o~ hereafrer situate on sa~d Iand and on af~ equip~nent and personally covered by th~s ma sge, w~lh al) premi~ms ~titreon Na,d in full, fire insurance ~n the usual standard po:ity form, in a sum approved by the MORiGAGEE, and w~aidato insurante in the usual standa~d p~l;ty ior~n, in a sum approved ty thr MORTGAGEE, in s~th con,pany or canpan~es as the MORTGAGEE m d~rect; and all (ire and w~nJs~orm insura~ce po~~ues on any of sa~d bu~~d~ngs, any interest therein or part thereof, in the aggrrgate sum aforesaid in excess thereol, shall ton~ain the usval standard mor~gagee ciause or such other clause as the hlortgagee may requ~re, making the loss under sa~d po c~es, each and every, payab!e to said MORTGAGEE as i~s in~crast may appear, and each and every svch po!~cy shall be promp~ly ais g~rd and de~ivered ti any held by said MORTGAGEE as furthcr security to said n,ongage debt, and, not leu than ten (IOi days in ad~ance o( ~he expirat~on of each policy, to d. live~ to said MORTGAGEE a renewal ~hereoi, together wi~h a rece~pl for the premium of such rr~ewal; and ~hcre shall be no Gre oi w:ndsto~~~ insurant placed on any of said lr~ildings, any interest therein or part thereof, untes~ in the fcrm and with the !oss payable as atoresaid; and in the event any sun of mo~ay becanes payable u~drr such policy w pol~cies said A10RTGAGEE shall have the op~~on ~o recaive_and app!y the same on account of ~he indab~ed ness secured hareby w?o permit sa~d MORTGAGORS to recrive and use it w any part rhe:eof to~ o:i,~~r puiF•~ses, v.:~ho,;t ~h~r, ur .v~~v~ ~3 c~ ~mp..~' ing any equ~ty, lie~ or right under ot by virtue oi this mo:tgage;.and in ihe event said MORTGAGORS shall Sor any reason iait to keep the said premises so insured, ot lail to deliver promptly any of said poliiies of insura~ce to sa~d MORTGAGEE, or fai! promptly to t~ay fu~ty any p~e~nium the~efo? or in a~y respect fail to perfwm, d~scha+ge. execute, effect, comple~e, comply wirh and abide by this covenant, w any part hare~f, said MORTGAGEE n.ay p~ace a~~d pay for such insurance or any part thereof w~thout waiving a affecting any option, lien, equity, or right u~der o~ by vi~fue of this Mortgage, and the full amount of each and every such payment shall be~mmedia!ety due and payable and shall bear interest irom Iha date the~eof until paid at the rate o1 nine per cantu~n per annu~n and tp3ether with suth interest sha~i be secu~ed by the lien of this mortgage. To pe+mit, commit w suffer no waste, impairmeM p deterioration of said property or any part thereof. 5. To pay all and singular the costs, charges and ezpenses, +ncluding a reasonable attwney's fee and costs oi abstrads of titte, incurred or paid at any time by said MORTGAG:E, because u in the event of the fa~lure on ~he part of the said MORTGFGOR to duly, promptly and fully perform, d~scharge. execute, effect, complete, comply w~th and ab~de by each and every the stipulatio~s, agree+»ents, conditions, and covenants of said promissory note and ~his mortgage any o~ ei~her, and sa:d costs, charges and expenses, esch and every, shatl be immediately due and payabte; whether w no1 ~here be notice dz mand, attempt to cotled w suit pe~d~n~; and the full amount of `each and eve~y such payment shall bea~ inrerest from ehe date thereof until paid at the ~.~te o~ n~:~e per centum pet am~u:r; and all said costs, charges and expenses inturred or paid, together w~th such interest, shall be secured by the lien of lhis mprtgage. 6. That (a) in the event of any breach of this Mortgage or default on tix par! of the MORTGAGOR, or (b) in the event any of sa:d sums of money herein referred to be not promptly and fully paid within thirty (30) days next after the same seve~atly becort~e due and payable, with~ut demand or notice, a~ (c) in the event each and every the stiputations, agreements, cond~tions and covenants of sa:d promissoiy note a~xl th~s mortgage any or either a~e not iuly, promptly and full~ perfwmed, d~sr.ha~ged, executed, effected, completed, compiied with and abided `ay, then in e:ther or a~y s~ch evenl the sa~d ag g~egate sum mentioned in said promissory note then remaining unpaid, with iroerest accrued, and ati moneys secured hereby, shall become due and pay- able forthwith, or thereafter, at the option o1 said MORTGAGEE, as fully and completely as if ali of the said s~ms of mo~ey were or~ginally st~puiated ro be pa~d on such day, anything in sa:d pro~nissory note or in this Mortgage to the conrrary notwithstand~~.g; and thereupon or thereafter at the op~ion of • said MORTCaAGEE, without nonce or demand, su~t at law w in equity, thereiore or thereafter begun, may be prosecu~ed as if all moneys setu~ed hereby had matured pr~ot fo its institution. 7. That in the event that at the beginn~ng of or at any time pending any suit upo~ this Mortgage, or to foreclose it, o? to reform it, or 1o enforce payment of any claims hereunder, said rAORTGAGEE shalt apply to the Court having jur~sd;ct~on ~hereof ior the appo~ntment of a Receiver, such Court shall Forrhwith apFoint a receiver of said mortgaged property ail and singuta?, includ~ng all and s~ngular the income, p~of~ts, issues and revenues fiom whatever source derived, each and every of which, it being expressly understood, is hereby mortgaged as if spec~fically set iorth and deuribed in the granting and habendum dauses hereof, and such Rece;ver shal{ have alt the broad and effective funct:ons and powen in a~yw~se emrusted by a Court to a Rxeiver, and s..ch appointment shall b.: made by s~ch Court as an ad~nitted equity and a matter oi absolute right to said MORTGAGEE, a~d without reference to the adequacy or inadequacy of the val~e oi ?he property mortgaged or to the so~vency or ~nsolvency ol said MORiGAGOR a the defendants, and ~hat such renrs, profits, incane, issues and revenues shall be applied by such Receiver accord~ng to the lien or equity of said MORTGAGEE and the practice of such Court. 8. To duly, promptly and ful?y perfiorm, discharge, execute, effect, complete, tomply with and abide by each and every 1F~e stipulations, agreements, tonditions and covenants in sa~d promissory note and this mortgage set fwth. 9. That in the event the owner:hip of the mortgaged prem~ses, or any part thereof, becomes vested in a perwn other fhan the MORTGAGOR, the MORTGAGEE, its successors and assigns, may, wi~ho~t no~ice to the MORTGAOR, deal w~th such successor or successw in interes! with reference to this mortgage and ~he debt hereby secured in the same manner as wifh hlo~tgagor without in any ~vay vit~ating or d~xharging the Mortgagors' liability here- under or upon the debt hereby sec~red. No sale uf the prem~ses hereby mortgaged and no forbearance on the part oi the MORTGAGEE or its successors or assigns and no eatension of the tirie for the payment of the debt hereby secured g~ven by the MORTGAGEE or its successors or ass;gns, a~~all operate to release, d~scharge, modify char.ge or aifect the orig~nal liaaf~ty of the MORiGAGOR hereio, either in whole or in pa~t. 10. It is speufically agreed that time is of the essence of this coNract and that ~o waiver oi any obligat~on hereunder or of the obligation se- cured hereby shati at any time thereafter be heid to be a waiver of tha te:ms hereof w of the instrume~t secured herby. 11. In aud,tic~ to the faego:ng month!y payments of pri:sc pal and interest required by the promissary no!e secured hereby, morfgagar tovenants and agrees to pay to mo:tgagee with each m.omh.y pay~nent an s~d~rional sum est:n,ated by mortgagce to be equal to 1; 12 oi the annual mst of the follow- in3: A-All rea! property tax.>s levied o+ assessed agai•~st thc above described «al estate. B-Pren:~u^is on fire and windstorm inwrar.ce as here~n req~~red to be carried on the im~roveme~ts situate on thc aksove dascribed premises. C-Premiur,~s on such mortgage guaranty ir.surar~ce as mortgagee shall frorn t;m.e to time deem iit to carry on the loan secured hereby_ ;i Mor+gagae sha,l from time to rime not~fy mortgagor ~n writing of the amount due and payable hereundar and such sum shal~ thereupon be due and ~ Fsyabte o~ the due da!e of ~he next monthl~ payn~en? and each successive month the~eaftcr ur,til mortgagee shaN not~fy mortgagor of a change in such a*~ount. Such sums sF.a;l be app:~ed by mortgag~e toward the paymem of real property taxes, insurance prem:ums, and mortgage guaranty insurance premiums. ~ IN Y~ITPJE55 L':HEREOF, the said A:ORTGAGOR has ~eunto se! his hand and seal the day and year first aforesaid. ~ Signed, Seated and deliy~r~c! in the`p'resence of: } 1 ~ l (Sea~ ~ l, -i~ C~1~1@S W ~ Mallll (Seal) _ ~ l~,"~ . ~ . ~!l >E ~i( (Seal) - ~ ~r~_A • ' ~ (Sea1) 5 ~ ATE OF FLORIDA ~ SS. C~JNTY OF St . LUC 1@ eefwe me personally appeared Charles W~ Mc'~I1D ~ ;~tary A. ~IlII his wife, to me well known and knawn to me fo be rh>_ individuals dexribed in and who executed the foregang instrument, and acknowfedged befwe me that they executed the same fvr- the pvrposes rherein expaessed. And the said ~ry A• ~'~nn T ,r,lie of the sa~d Charles Z'~ • Mdflll upon a~~Ad~~a~t a(~d •private examinat~o~ by me taken separate and apart from her said husband, atknowledge~ to and before me that she executed said jhstrur4upt'~iee(~( and voluo- ra•ily a~d w~thout any compulsion, constraint, appre s{c~n, w fear of or from her said husband. i-- t ~ : WITNESS my hand and off~ual seal this- day of f. ~2", y: E - . ~ Not ry Pubtic in and iw thd'State oi Fj&ld~~ l~rgs.`' My Commission expires: • ~ " , Ref~.~ ro: .~i?TARY rL" - - •"'~ECA ~ LARQ~ First Federal Savings 3 Loan Asscciat~on M i ~'vMt,'.. 2, j~~: Of iort P.e:ce. iit~~'I~::nj. _..~.,,~.:.i: iJ~ ~~C~ Fort Pierce, Fbrida _ 7S~ 3-a This Instrument Prepared By : John W. Collins ~ ~EO ARO RE~0 ~ First Federal Savings & Loan Association `tlC1E COUIIn~ of Fort Pierce ~ Florida 33450 ItOC~.a POtitR~S C CIERK CIRCUtT COUitt , RECORC YEr~iF1E0 Checked By o R P~ IZ 3 os PK'i2 ~ _ . aoeK 204 ~E 536 23319'7 ~ r - - - - - x4r u: > . ,