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Home My WebLink About1698 3. To place and continuousty keep on the bui'd~ngs now or hereaFte? siNate on said land a~d o~ alt equipment and personally covered by this mor ege, w~th ali prer~~~~~ns N~~reon pa:d +n full, fi~e insu~ance ~n ~he usual s:ar.d~rd pu;~cy (prm, in a sum approved by ~he MORiGAGEE, and windato :nsurance in tha usual sTand~rd poCcy form, in a ium approved by ~he MORTGAGEE, in such company or compan~es as the MORiGAGEE m d~,ec?; and all i;~e and w~ndstorm insuca~+ce policies on any of sa~d buiid~ngs, any interesl therein or part thzreof, in 1he aggreqa~e sum aforesaid in excess ~hereof, sh~l1 :w,iain ~h@ usual ua~~dard mortgagee clause or such oihe~ dause as Ihe Mortgageo may requ~ro, making tha Ioss undra saed po c~es, each and every, pay~bte to sa~d ~~JRTGAGEE as ~ts in~erest may appear, ar.d ea:h and every such poi~cy shall be promptly assgned and de~~+e~ed ~ an~ held by sald A10RiGAGEE as iunher s:curitY to sa~d n~,ortgage deot, and. ~ot less than 1en (10) days in advance of the expiration of each policy, to d ~~ver to sa~d A10RiGAGEE a ~enewel the~eof, togerher with a receipt (or the p~emivm of such ~enewai; and there shall be no tira or windsto~m insuranc p!nted on any of sald bui!d~ngs, any inteiest there~n or pa~t therrof, untess in the fo~m and w~fh the toss payabte as aforesa~d; and in the event any sun of mo.~ey becomes payabte uoder suth polity or policies sa~d MORTGAGEE shall have ~he opt~on to receive and appiy the same oo accounf of the indabtad nes: securrd hrreby or to penn~t said MORTGAGORS to receive and use it or any part therrof for o:ner purF~ases, w~~ho~t ~h~.~ui ~va~+in3 ~mp~ir -~g any equrty, 5en or r~ght under w by virtue oi this mo:!gage; and in the event sa~d MORTGAGORS shatl !o~ any reason fail to keep the sa~d premises so ;nsured, or fail Io deGvc~ promptly any of said polkies of insuran~e to said MORTGAGEE, or fail promptly to pay tvlly any premium thcrefo~ or in a~y respect faii to perfo~m, d~zthar9e, eaecute, ef(ett, complete, compty with and abide by this cove~ant, or any part ha~eof, ~aid MGRT ;AGEE may plate and pay for wch insurance o~ any part thereof w~thout waiving oc affecting any opt~on, Gen, equ~~y, or r~~fit under ar by virtue of rhis Mortgage, and the f~N amov~~r of each and every such paymem shall be immed~ately due and payablz and shall bea~ interes~ from tha date thereof until paid at the rate ol ~~~<<e per t~nt~m per ar.nu~n and to~eih~•r v,~th such inre~est shali be sacured by the lien of this mortgage. A. io permit, commit or suffer no waste, impai~ment w deterioration of said property or any part thereof. 5. To pay all and singular the costs, tharges and ezpe~ses, i~cfuding a~easonable attorney's fee and costs of abs~~acts of title, incurred or paid at ~~y t~~r.r by said MORTGAG:E, beca~se w in the event of the failure on the par~ of the said MORTGAGOR to duty, prompdy a~d fu11y perform, d~scharge. ~•~cutr, effect, canp:ete, canply w~th and ab:de by each and eve~y the stipulat~ons, agreem~n~s, conditions, and mve~ants of sa~d prwnissory nofe and this ~~.urrgage any or e~ther, and sa:d cosrs, cf~arges artd expenses, each and every, shall be immediately due and payable; whethe~ Or nut ~here be notice d> ~>>a~~d, atre~npt to col~zcr or suit pend~ng; and rhe full amount of each and every such payment shall bear interest irom the date thereof until paid at tfie f. o= n~ne per ce«iu~n E,ar annu:~~; end all seid costs, charges and ex;x~ses incurred or paid, together w~th suth inte~esl, shall be secured by the lie~ of th~s mo»gage. 6. Thai (a) in the event of any breach of this Mortgage or default on the part of the MORTGAGOR, w(b) in the event any of sa~d sums of mo~ey h.~rcin ~ef,:rr~ to be noi pron,ptiy and fully paid within thuty (30) deys next aiter the same severa:ly become due and payable, wi~houf demand w notice, tc) in the evenr each and every the stipu!ations, agreements. conditio~~s and covenants of sa,d promisso~y no:e and th~s mortgage any or eithe~ are no1 iu:y, promptiy and f~lly perfonned, d.xharged, ezecuted, eifected, compte:ed, compGed wi~h and ab~ded `ay, Ihen in e~ther or any such event the said ag- ~~e9ate sum ment;oned in said prom~ssory note theo remaining unpa;d, with inrerest acu~ed, and all mooeys secured hereby, shall become due and pay- >e e for:h~~~rh, o~ thereaEter, at the cption of sa:d MORTGAGEE, as fully.and comple~ely as if all of the said sums of money were or~ginatly st~pulated to be pa.d on such day, anything in sa.d promissory note or in this Mortgage fo the contrary notwithstar:ding; and ihereupon oa thereafter at the Opt~on of d IdORTGAGEE, whhout nonce or demand, suit at law or in equ~ty, therefore w thereaiter begun, may be prosecuted as if all moneys secured hereby r.~d matured pnor to rts institution. 7. That in the event that at the beginning of w at any time pending any su~t upon this Mortgage, w to forecfose if, or to reform if, or to enfoice e~~yment of any clarms hereunder, said MORTGAGEE shall appty to the Covrt having ~u~isdidion thereof for the appointment oi a Receiver, such Court shall ; rc.~ch.vlrh apFe~nf a receiver of said mortgaged properfy all and sing~:ar, in~lud,ng aIl and s~~gu~ar the irtcome, prof~ts, iuues and revenues from whatever s.-vrce dz.i~ed, eaci~ and every oi wh~ch, it being expressly undersrood, is he~eby mongaged as if speufically set fonh and deuribed in the granting aM! ~~'.~<ndum ciavses hereof, and such Receiver shall have atl the broad and effective furct,ons and powers in anyw~se emrusted by a Court to a Receiver, and s_=h apppinime,et sFail be made by wch Court as an admitted equity and a matter of absoiute right to sa~d MORTGAGEF, and withou! refe~eoce to the :~.-a~~cy or inadequac~ of tF.e value of the property mortgaged or ro the so•vency or inso:vency of said MORTGAGOR or the defendants, and that such ~}s, profits, incca,e, issues and revenues shall be applied by such Receiver accord~ng to the lien or equity of said 1AORTGAGEE and the practice of suth C~urL 8. To du? rom r; and full .fo~m, d~schar e, execute, effect, con lete, com 1 with and abide b each and ever the sti uiatio~s, a reemenfs, ~ Y• F P Y Y Pe 9 ~P P Y Y Y P 9 :,;ndrtions and cavenann i~e sa~d promissory ~ose and th~s mortgage set fo~th. 9. 7hat in the event thc ownership of the mo:tgaged premises, or any part thereof, becomes vested in s person other than the MORTGAGOR, the : ~RTG~GEE, in s:,ccessors ar.d ass~gns, may, wirhovr notice To the MORTGApR, deal with such successor oc successw in interest with reference to this ~^~+~age ar.ri the d_ut nereby secured in the same manner as with hlortgagor without in any way vitiating or discharging the Mo~tga9ors' IiAbility here- ~er or upon the debt heraby secured. No sa!e of ti~e premises hereby mortgaged and no ferbearance on the pa~~ of the ldORIGAGEE or its successors ass~gns and no extension of the time fa thr paymem of the debt hereby secured give~ by Ihe MORTGAGEE or its successors or auigns, atiall operate ~ c re~ease, d~scharge, modity ct~ange or affed the original lia6;lity of the MORiGAGOR herein, either in whole or in part. 'r 10. It ~s spec:ficaily agreed that time is of the essence of this tontract and that no waiver of any obl~gat~on hereunder w of the obligation se- ~ co.-ed hereby shai+ a: any tin,e thereaiter be held to be a waiver of the terms hereet or of the instrumeM setured he~by. 11. In ;;;id i.o, to the fwego'~x~ momh!y paymsnts of princ pal and imerest requ~red by the p~om~ssory no!e secured hereby, mortgagor covenants ,i agr_es ro pa~ to n:octgaqee with each mon~h+y pay~nent an add~~ional sum est~mated by mortgagee to be eq~al to 1~ 12 of the annual cost of the follow- A-At~ rea: t:rcperty taxrs levied or assessed agai•,st thc above described real estate. 6 F~~ ::;~~~,s on f~re and windsrorm ~nsurar.ce as here~n requ~red to be carried on the imarovements situate on the above described premises. C-Pre•~~o~-s oo wch mortgage guaranty ir.sura~ ce as mortgagee shaU from t:me to time deem fit ro carry on the (oan secured hereby. A'~orrgager s~~a:l '.rcm t~me to t~me noiify mortgagcr in writing of the amoo~t due and payable hereundrr and wch sum sbalt thereupon be due and ..,.:b!e on th~ c!~r date of ~F.~ next month:y payment and each successive momh thereaftcr ur,fil mortgagee shall notify mortgagor of a change in such =:,~t. Such su+ns s!-a:i ~e ap~:ied by mwtgagee roward the payment of real property taxes, insurance prem:ums, and mortgage guaranty insurance _ ~•,iums - N tiY1TNESS :'iHEREOF, the said MORTGAGOR has hereunto set his hand and seal the day and year first aforesaid. ~ ~g ed, Sealed a~d del' ~d in t' presence o~ ~ ~ ~ _ (5eal) . (SeaO - - ~ C.~'~`Gt'~~ / " ~Seal) 4 - - (Seaq ~"a.TE OF FIORIDA ~ ; ;JU'~TY OF Sti• L11C~ ~ ~ ' 4 , Before me perwnatly appeared C1.~ti4B Ci• ~.aC~CIIk3I1 a^~ i ~1C~11@ .S• B18C~C1RS11 his wife, to me well known, ~nd.lcrwwn to me to be ind~vid~aEs described in and who executed the foregang instrument, and atknowledged befwe me tAat they executed• 11;e`s~t(},~or -the purposes nc~rei~ expretsed. And the said Lueille S• $13C~fl ~r of rhe sa+d _ '~~t011 G• B18C~C~SI1 ~ ' ~'~p~~d ~ivate ..~-+,~narian by me ta~e~ separate and apart from her sa~d husbend, acknowledged ro and before me that she execut4d iai~J. iAstr~r`IeM~ ~and voluo- -~,:y and w,~ho~t any computsion, constraint, apprehens~i} or fear of or from her said husbartd. WiTNESS my hand and officiai seal this_ 2~"~ day of ' J~y ~r D.: ~ ~ ' ~ tJota~ry Public in and for the t ~lor' f~r ~ Rerurn to: My Commission expires_ [ jf.r~ , First Federal Savings 6 Loan Associat;on - pf : orf P ercr Furi P~~r;,e. FlCridd t FIlEO AND AECOROEO i?.lUC1E COUNtY flA. ItdCf~ P4lTRAS ~ CLERK CtnCU1~ COURT,~1 This Instrument Prepared By J. H. RObe2'ts~ JT. aE~Oqi~vEP!`~E4.~--- First Federal Savings 8 Loan Association ; of Fort Pierce , Florfda ~~b ~2 og ~N ; Checked E3y ~~~n~Q v BooK204 ~~~69? zs ~ ; : - ~ ~ ~ . ~3'~.#`Ltl~ {X'f.v,"52~`~% Fa - _ Y 's,a" xx.~s°t'i '..f ~ ~