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Home My WebLink About1420 3. To place and coroinuousty kcep on the bul!d~ngs ~ow w hereafter utuate on sald land and on ail equipment and personaily tovered by this mw age, w1~h all prem~ums ihereon pa~d in full, (fre insuranca ~n the usual standard poticy form, in a sum approved by the MOR~GAGEE, and windsto insurance in the usual ~randard pol;cy fo~m, in ~ sum approved by ~he AAORTGAGEE, in such company or compan~es as the MORTGAGEE m direct: and al! fiie and w;ndstorm insura~te policies on any of said buildinys, ~ny interest the~ein or part thereof, in 1he a9g~egate sum aforesaid in eacess thereof, shall contain the us~al slandard matgagee clause a euch o~her clause ~s the Mortgagee may requ~re, maling the ioss undrr sa~d po c~es, each and every, payabte to said MORTGAGEE as ~ts ;nterrst may ~ppea~, and each and every such poiicy shall bt promptly ass gned and delivered ~ any held by said A10RiGAGEE at further security ~o said mortgage deb~, and, na Ieu tha~ ten (10) days in adva~xe of the eapiration of each policy, to d. Yver to said MORTGAGEE a renewal ~hercof, lo9ether wiih a receipi (Or the premium of such renewah and there shall be no fue oi wi~~dsrorm insuranc P~sted on any of said buitdings, any interesl therein or part thereof, unless in the fam and with the loss payabls as afo~esaid; and i~ the evenl any sun of mo~ey becomes payable under such policy a policies said MORTGAGEE shall have the option fo ~etaive and apply the same on attount of the indebted ness secured hereby w to permil sa~d MORTGAGORS ro teceive snd use it q any pa~t thereof for o:i~cr purEosrs, w~~hout th~rru~ w~~vi:i~ or unpdir ing any equ~ty, lien or ~ight under a by virtue of this matgage; and in the event w1d MORTGAGORS shall fw any rcaso~ fail to krep the sa~d premiies sa insured, pr fai~ to deliver promptly any of said poticies ot insurance fo said MORiGAGEE, o~ fail promprly to pay fully any pre~»ium the~efor or in any respea (ail 1o pe~form, discharge, execute, effKt, complete, comply with and abids by this covenant, a sny parl hareof, said MORTGAGEE may plate and pay for such insurance o~ a~y part thereof without waiving or aiiecting any option, lien, equity, o~ right under w by virtue of this Mortgage, and the full amovnt of each and erery such payment shall be immediately due and paysble and shall bear inte~est irom the date thereof un~il paid at the rate ol nine pef ce~tum per annum and to~ethrr vvilh such interest shall be sec~red by the lien of Ihii mwtgage. To permit, commit w sutfer no waste, impairment w deterioration of said property o? any part thereof. 5. To pay all and sing~lar the cous, charges and expenses, including a reason.ble attorney i fee a~d cost: of abstracts oF title, incurred or paid af any time by sa+d MORTGAG,F, Decause a in the evem of 1F?e failure on the part of the said MORiGAGOR to duly, promp~iy snd fully perform, d~uharge. >xecute, effect, complete, compfy w~th aod ab;de by each and every the stipulalwns, sgreements, conditions, and tovenants of sa~d promissory note and thie :nortgsge any or eitFKr, and sa~d costs, charges and expenses, each and every, ahall be immed;ately dve and payable; whether or ~ot there be not~ce de mand, attempt to coUec? er suit pending; and the full amount of eath and e~e+y such payment shall bea. interest from Ihe date thereof until paid at the ~ate of ~ine per centum p..~r anuum; an~' all uid costs, charges and ezpenxs incv~red or paid, together wdA such interest, shaN be setured by 1he lien of this mptgage. 6. That (a) in the event of any breach of lhis /Nortgage w default on the part of the MORTGAGOR, or (b) in the event any of said sums of money herein referred to be no1 promp~ly and fully paid wi~hin thirty (30) days neat after the same xve~atly become due and payabte, without demand or notice, or (c) in ihe event each And eve?y the sfipulations, agreements, conditans and covenants of sa~d promissory note and this mortgage a~y a either are not iuly, promptly and fully performed, d:scharged, executed, effected, compkted, compl~ed with and abided Sy, then i~ either o~ any such event 1he said ag 9regate wm ment~oned in said promissory note tlxn remainirtg unpaid, with iroerest acuued, and a?1 moneys secured hereby, shall become due and pay- able forthwith, or thereafter, at the opf~on of said MORTGAGEE, as fvily s~d completely as ii all of the said sums of mo~ey were orig~~ally s~~pulated to be pa~d on such d;y, anything in sa:d promisswy note or in thn Mortgage to the contrary natwithstanding; and thereupon or thereafte~ st rhe opt+on of sa;d MORTGAGEE, without notice or demand, suit at law w in equity, therefore or thereafter begun, may be prosecuted as if all moneys setured hereby had maturcd priw to its irutitution. 7. 7hat in the eveM that at the beginning of or at any tirrK pe~ding any svit upo~ this Mprtgaye, w to faeclose if, u to reform it, or fo enforce payment of any tlaims hereunder, said MORTGAGFE sha:l apply to the Court 1laving jurisd~ction thereof for ~he appointment of a Rece~ver, such Court shafl forthwith appo;N a re~eiver of said mwtgaged property all and singula?, ir?clud~ng all and sing~lar the income, p~ofits, issues and revenues from whatever source derived, each and every of wh~ch, it be~ng expressty understooc~, is hereby morrgaged as if speufically sef fwih and described in the gran~~ng and habendum cfauses hereof, and such Receiver shall have all the broad and ei(ective funtt~ons and powers in anywise entrusted by a Court to a Receirer, and s~ch appointme~,t shall be made by such Court as an admitted equity and a matter of absolute right to said MORTGAGEE, and without reference to the adequacy w inadequacy of fhe value o1 the property mortgaged or to the soivencp w insolve~cy oi said MOR7GAGOR w the defendants, a~d that such ren~s, p~ofits, incam, issues and revenues shall be appiied by such Raeiver according fe the tien or equity of said MORTGAGEE and the practice of such Court. . 8. To duly, promptly and fully perform, discharge, execute, effect, complete, comply with snd abid~ by each and eve?y the stipulations, agreements, conditrons and covenants ~n said promisawy note and th~s mortgage set for~h. 9. 7hat in the event the ownership of the mortgaged premises, w any part thereof, becomes vested in s person other than the MORTGAGOR, the M1'ORTGAGEE, its suctessas and assigns, may, without norice to the 1NOR7GAOR, desl with such successor ar sutcessor in interest with reference to this mortgage and the debt hereby sec~r~1 in the same manner as with Mortgagor without in any way vitiatirg or diuharging ihe Mo?tgagors' liability F~ere- under or upon the debt hereby secu~ed. No sale of the Fremises h~reby mort9aged and no forbearance on the pa~/ of the /AORTGAGEE w its successors of assigns and no extension af the time for the payment of the drbt hereby sec~red given by the MpRTGAGEE or ets suctessors o? assigns, a~~all operate io release, d~uharge, modify change a affect the original Iiabil~ty of the MORTGAGOR herein, eitl?er in whole or in pa~t. 10, It is speufically agreed thal time is of the essence of this contrad and that no waiver of any obligation hereunder or of the obtgation se- cured hereby shal~ ar any time thereaficr be held to be s waiver of the terms hereof w of the instrumeM secured herby. 11. In add;fio~ to the fwego:ng monthly payments of princ'pal and interest required by the prom:ssary no!e secured hereby, mortgagor covenants and ag~ees to oay to mortgagee ~nith each monthly payr~:ent an add~~anal sum est~mated by mortgagee to be equal to 1 ~ 12 of the annual cost of the follow- ~,~g: A-Rl) seal piope~ry taxas levied or assessed agai~st the abave described real estate_ B-Premfums on fire and windstorm insurance as herein requ~red to be carried on the improvemeits situate o~ the above described p?emises. C-Premiums on such mwtgage guaranty insurar~ce as mortgagee shall from s~me to time deem fit to• carry o~ the loan secured hereby. Mortgagee shali from time to time notify mw~gagor in writing of ihe amount due and payabte hereundrr and such sum shaN thereupon be due artd ; ayab3e on the due date of the next month!y payment and each successive month thereaffer u~til mortgagee shall notify mortgagw of a change in such -~o~nt. Such sums shall be applied by mortgagee toward the paymen! of real property taxes, insurante prem:ums, and mortgage guaranty insurance p ~emiums. IN WITNE55 WNEREOF, the said N.ORTGAGOR has hereunto set his hand and seat the day a year first aforesaid. Signed. Sealed and delive?ed in tlie presence of: / l' > ` ` "t~-GC.~ lC.t~ [ / ~ "7'~ ~Sea~ Marga~gt P. Bigliri, Sing}g,n adult r~n . - , S~ATE OF FLORIDA ~ ' =ouNnr oF _ St . Luc ie ~ ~ i Before me personally appeared 1Narga ret P. Biglin .ad ~ ' "i~, to me well k~own and known fo me fo be ' the individvat~ described in and who execvted the faegoing instrument, r~d acknowkdged befwe me that ~e~I executed the sarrK fo~ the pu~posea ~ rherein expressed. Md.=he.said- _ i wita.oflbs-said rpsr* r ~ppr~e~a~id ~ti'r?N exarniation..6y.iae_tako~ ~epasate.asii +'ast -fro~w ~rer-aeid ~+eaband ~~to~ and fiefvre ~ne thar sfiE lxectmd sst~ fistrIIrt~t' : . tfYl~~ 70Sl~VD10fR S~~i~x ~nd_ ritbm+i anY~uLs~or~ rm~raiu4 aPPk -~.f«s- •f-or-(ww~ ~rr«d Inub.wd. , _ ~ - " : WITNfSS my hand and officia! sea) this ~day o Ju l D J 19% ~ ~ - = otsry Publit in and for the State o~ - y Commiuan expires: NO ~ iRY '~18. S.. :,_r~!p~.S~~. Retum To: MY C0: 1 i a~ j f. - j;:~ :r p~ I~ 7 5 fir s t F e d era! S avings a Loan A sso[iation 6o^d~0 TRru O~pec~t~:ur,;y~~ ~raen~fters. u Of fort P~erce. ~ . Fort Pierce, florida '~~~li';,w ~~~Ep AND RECQRQEO _ ST. WCIE COUNIY f~ ` , QOCER POiTRAS This Instrument Pre ared B CIERR C~R~u1t COt~RT . 1 y. 7.S P Y John W. Collins ~ RpYER~FtEO~ First Federal Savings & Loan Association AE,O ot Fort Pierce, Florida 1,,, 2 s~ PN ~ w~. Checked By 2338~.5 ao~ 204 P~i4i9 ;S ~ - - _ _ ~~m~`~ fl ~ a % ~,tT.z~, -~.`~~'a . ~ ; ~ ; r~ ~F--~:,-~' . ~ ~ "~x. ~t~.~'`'.S-.~°M3,~a._,,'° ~ ze , ~ e ~ . . _ . _ . - . ~ , ~~_.;3 -