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Home My WebLink About1418 i 3. To place and continuously keep on ~he bui'dings now a hc.ea(rer ~ituate on sald lan~! a~d on atl equipment and penonalty cove~ed by this mor ~ ege, with all premi~ms therca? pa~d in futl, fire insurance i~ the utual itandard polity fOrm, in a sum approved by Ihe MORiGAGEE, and windsto ~ ~nsuraMe in the usual standard pot~cy for~n, in a sum approved by Ihe MORTGAGEE, in such company or co+~~pan+es as the MORTGAGEE m ~ d(rcc~; end all fire and w~ndsto~m inswance policies o~ any of sa~d build~ngs, a~y interes~ ~herein or part thereof, i~ ~he aqg~ega~e sum aforeaaid in extess Ihercof, shall contai~ Ihe usual standard ma~gagae clause or cuch olher clause as Ihe Ma~gagea may require, maki~g the (oss undrr sa~d po j des. each and every, payabte to said MORTGAGEE as its interest may appeas, and each and every such poircy shall be promptly ass gned and defrvrred i 7 any held by wid MORiGAGEE as (urther secu~ity to said mortgage debt, and, not leu than ten (101 days i~ advance of ihe expiration of each policy, to d. f I~ver to said MORTGAGEE a renewal thereof, iogethe~ with a receipt for the pramium oi such renewal; and there shall be no f~re or windstorm insu~anc a pl~ced on any of said build;ngs, any interest there~n a part thereof, ~nless in the torm and w~th 1he loss payabte as afo~esaid; and in the event any sun t of money becomes payable ~nder such policy w polrcies said MORiGAGEE shall have ~he opt~on to receive and apply the same on account ot the indebrrd { ness secu~ed hereby w lo permit safd MORiGAGORS to receire and use if M any part thereol for otnrr purF~~ses, w~~ho~t ih~.~o; w~ivin~ cr m,pui. t ~ng any equ~ty, lien or right under or by virwe of this mo:tgage; and i~ Ihe evem satd MORTGAGORS ihall for any reaso~ fail to keep the said premises so j ~nsured, or iail to delive~ promptly any of said policies of inau~ance to sa~d MORTGAGEE, w fael promptly to pay fully any premium therefor or in any rr~ped fail ~o perform, d~schnr9e, execute, effect, complete, mmply with and abide by this cove~ant, w any par~ hereof, said MORTGAGEE may place a~.d ~ pay fo~ such insurance or any part thereof without waiving or ~ffecting any option, lien, equ~ty, or right u~de~ or by virtue of this Mo~tgage, and tAe full amount o1 each a~d eve~y such payment shaU be immediately due and payable snd shall bear interest from the date thereof until pa~d at the rate ol f n~ne per cenrum per annum and toget~er with such in~erest shati be secured by the (ien of this mwtgaga. } ~1. To permit, tommit a suffer no waste, impairment or deteraration of said property ot any part thereof. 5. To pay atl and singular the costs, charges and expenses, including a reasonable attwney i fee and costs of abstracts of title, incu~red or paid at any time by said MORTGAG:E, because a in ?he evenr of the failure on ~he part of ~hs said MORTGAGOR to duty, promptly and futly perfwm, d~scharge, execute, elfect, complete, comply w~th and ablde by each and every the stipulauons, ag~eements, conditions, and covenants of said prom~ssory note and this mo~tgage any or either, and said tosts, charges and expenses, each and every, ~ha11 be immediately due and payable; whether or not there be notite de mand, attemp~ ro collect w suit pending; and the full amount of each and every svch payment sha11 bear imere:t irom Ihe date thereof until paid at the ~ r.re oF nine per centum p.:r annu:n; and all said costs, charges and ezpenses incurred or paid, together w~th such intereat, shall be secured by t}ro lien of this morfga9e. 6. That (a) in the event of any breach of ~his Mortgage or defa~lt on the part of the MORTGAGOR, w(b) in the event any of utd sums of money herein referred to be no1 pranptiy and fuliy paid within thirty (30) days ~ext after the same severelly become due and payable, without demand or rwtice, or (c) i~ the event each and every the sseputations, agreements, cond~tions and covenants of sa;d prom+sso~y note and th~s mortgage any w e~~her are no1 ~u~y, promptly and fully performed, d~scha~yed, executed, effetted, completed, complied with and abided by, theo in e~ther or any w.h event the sa~d ag gregafe sum mentioned in said promissay note then remainiog unpaid, with interest acuued, and aU moneys setured hereby, shall become due and pay- able forthwith, or thereafter, at the opf~o~ of said MORTGAGEE, as fully and completely as if all of ~he said sums of money were w~ginatly st~putated ro be pa~d on such day, a~ything in sa:d promissory note w in this Mortgage to the co~trary nofwithstarxling; and thereupon or thereafter at the opt~on of sa~d MORTGAGEE, without notice or demand, suit at Iaw « in equity, therefore or thereafter begun, may be prosecuted ~s if all rttoneys secured hereby nad matorcd pr~w to ~ts ins~itulioo. . 7. That in the event that at the beginning of or at any time pending any suit vpwi this Mortgage, w to fwectose it, w to reform it, or to enfwce payment oi any claims hereunder, sait! MORIGAGEE shall apply to the Coust having jurisd:ction thereot for the appointment of a Receiver, such Co~rt shall ferrhwith appoint a?eceiver of said mortgaged property aIl and singular, includ~ng all and iingular the income, profits, issues and rovenues from whatever s:urce derived, each and every of wh~ch, it being expressty understood, is hereby mortgaged as if spec~lically set forth and destribed in the granti~g and habendum clauses hereof, and such Receiver shall have all the broad and effective funct~ons and powers in anywise entrusted by a Court to a Receiver, and s. ch appointment shad be made by such Coun as an admitted equity and a mauer of absolute right to said MORTGAGEE, and wirhout referertce to the adeqvacy w inadequacy of the value of the property mortgaged or to the so~vency or insolvency o( aaid MORTGAGOR a the defendants, and that such ren~s, profits, incane, issues and revenues shall be applied by such Receiver according to the lien w equity of said MORTGAGEE and the practice of such Court. 8. To duty, promptly and fu11y perform, discFwrge, exccute, effect, complete, comply with and abide by each and every the stipulations, agrcements, conditions and covenants in said promisswy rate aixl this mortgage set fwlh. 9. That in the event the ownership of the mortgaged premises, or any part thereof, betomes vested in a perwn other than the MORTGAGOR, the 1t',ORTGAGEE, its successo~s and assigns, may, without norice to rhe MORTGAOR, deal with such sutc~uo? w successor in interest with reference to this n.o.tgage and the deb~ hereby secured in the same manner as with Mortgagor without in any way vit~ating or diuharging the Mortgagors' liability herr ~r.der or upon the debt hereby secured. No sale of the premises hereby mortgaged and no forbearance ort the part of the MORTGAGEE or its sutcessors or assigru and no exrens7on of she time for the payment of the debt hereby secu.ed given by the MORTGAGEE or its succeasws or assigns, a,'~all operate ro release, dixharge, modify change w affect the original liabil~ty of the MORTGAGOR herein, either in whole or i~ part. 10. It is speuficatly agreed that time is of the esserxe of this contrad and that no waiver of any obtigation hereunder or oi the obtigaYan se- cured hereby shall at any time thereafter be held to be a waiver of the terms heseof or of the instrument secured herby. 11. !rt add:t;o~ fo the forego-rx~ monthly payments of pri~~ pal and interest required by the prom~ssory note secured hereby, mortgagor cove~ants and agr~es to pay to mortgagee with each monthfy payo:ent an add~~ionat sum estimated by mortgagee to be equal to 1 j 12 of the annual cost of the foltow- i 4 A-All real propertr taxrs ieiied or assessed againsl the above desai5ed real estate. B-Premiu~ns on fire and windztorm insurar.ce as herein requ~r~d to be carried on the improveme~ts situate on tfie above d~scribed premises. C-Premiums on suth mortgage guaranty ir.surar,te as mottgagee shall from time to tirne deem fit to carry on the loan secured hereby. Mortgagee shall fram time to time notify mortgagor in writing of the amoum due and payable hereundrr and such sum shall thereupon be due and r.3yable on fhe due date of the next month!y payment and eath successive month thereaft~r ur,til morigagee shall notify mortgagor of a change in such ~ cunt. Such sums sha:f be applied by mwtgagee toward the payment of real property taxes, insurance prem;ums, a~~d mortgage guaranty insurance , ~emiums. C ~ IN WITNES$ Y~kEREOF, the said MORIGAGOR has hereunto set his hand a~d seal ihe day and year first foresaid. 4 Sg~ed, Sraled and detivered in the presence of: ; an s F t2. BXi ht ~ Anna Belle Bri ht ~~s~ 1 9 ~Seal) ~ TATE OF FLORIDA ~ f COUNTY OF St . Luc ie ~ ~ ~ Before me personally appeared FlOyd R. Brlght a~ ; AllTla Belle BYl~t his wife, to me well krwwn and known to me to be ~ rhe individuals desuibed in and who execvted the foregoing inslrument, and acknowledged before me that they executed the same for the purposes rherein expressed. And the seid /~If21a B@lle Blla}lt ` +v~fe of the said __F10yC~ R. Br ight upcn a separatg, pn~{,p~iwte _ examination by me taken separate and apart from her said husband, acknowledged to and before me that she exetuted said instrument keel vohtrp ranly and without any compulsion, constraiot, apprchension, w fear of ot from her said husband. s~~ WITNESS my hand and oifecial seal this 19th day f Jul ~/`;•p, ~~yq ~f _ ~ 1 ~ . Notary Public in and for t State o s a t~p , -~l = r : j My Commisiwn expires: ~ i 7~: r ~ ~ ` ?'~o~ C~ORI~ t~tGE ~ ~ Retum To: ' - ' First federal Savirgs ~ Loan Associat~on MY CO":"I~SI~ti' E%flR~-'. 29,•"]L?~, iiondtd Th~u G~neAj, `A?y~a••nc~ln6c~cHers. , \ Of Fort P~erte. +K,,.' . ~ Fort Pier~e, Florida • Cf~ I p i,r;; ! i~ L~ICtE COUMTY f~~ ~ocE~ po~sa~~ ~ ~ - ~ 9 ~ ~ : This Instrument Prepared ey ,John W.Collins CIEitK CtfiC~flt ~Oi1Rt ; First Federal Savings & Loan Association R~cOpO vERiFiED ~ of Fort Pierce Florida ' s Jw. t~l 2 ~9 PN'ZZ Checked By ~ ~ F 233814 ` " ~ ~ Bo~ 204 ~14~7 ~ . ; s ? ~~~~~`S'3s'~q3S S', 3 - . . _ ~e,+~„~ _ ~ ~ ~ ~ - 'is~''.~'v~' " . . ~ 1