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Home My WebLink About1408 3. To p'ace and contin~ously keep on ~he bu~'d~ngs no:v o~ hereai~er fit~ate on sa~d Iand and on al! equipment and personal~y coverod by this ma agc, w th all prr:i:~u:ns tl~~reon ps:d in fuit, fire inwrance in ~he uaual stand~rd pofrcy form, in a s~m aHproved by the h10P.itsAGEE, a«d windsto ;nsurancr in ~hr usual s~and~rd pot,cy iorm, in a sum approved by the MORTGAGEE, in such comp~ny or compan+es as the htORTvAGEE i++ d~rec~; and all fue and w~nJs~o~m insura~ce poi~c~es on any of said bui:d.ngs, any interes~ ~herein or part thereof, in the aggregate s~m aloresaid in excees ~herrof, shall :o~~tain the uwal standard mortgagee tfause o~ such othe~ dause as the Mo~tgageo may rrqwro, maMing the losf under imd po c~rs, euh and evcry, payab'e to said :L\ORTGAGEE as its inierest may appear, and tach and every such pout~ shail be promptly ass gned and de:ivared t any h~ld 6y sa~d 1dORIGAGFE as fu~ther security to sa~d n,ortgage debt, and, not less than Ien (10) days in ad.ante of the e~ep~ration oi eath poGcy, to d~ ~~ver to sa~d hlORTGAGEE a renewal the~eof, togethrr with a receipt for the premium of such renewa~; and there shali be ro I~~e o~ wi~~dsto~m insuranc ~:~~ced on any oi sa~d bui!d:ngs, any in!erest Ihere~n or part thereof, unless in the form and wi~h the loss payable as afo~esaid; and in the evenl any sun uf n,cney beco:~~es payable under such policy o~ poGcies said l~10RTGAGEE snall have ~he opt~on lo receive and appty the same on accouat of the indrbted nrss sewred hereby or la µemjit said MORTGAGORS fo rece~ve dnd use it O~ any pa~f tM :eoi ioi o:~~~~r purp osrs, ~~.;ti:o.it ~h_.~ u~ ,v..~+~ ~~~:P~~r ~ng any equ~ty. I;en or ri9ht under or by virtue of this mor'gaga; and in the event sa~d h\ORTGAGORS shall :o~ any reason fail to keep Ihe sa~d prem~sas so ~nsur~d, or fail to del~ver proin~:tly any of said po~~cies of insurance to said MORTGAGEE, or fail p=ompHy to pay fully any p~em~urn therefw w in any rrspec~ iail to perform, d~scha~9e, execute, eilect, complete, co:nply with and ab~de by this covenant, or any part hrreo(, said Mt~RTGAGEE may piace a~~d p,y for such insucence or any part thareof w~thout waiving or affecting any opt~oo, lien, equity, or nghf under or by virtue of this Mortgage, and tF+e !.~Ii amount of each and e.ery such payment shall be immediately due and payable and shaU bear interest irom Ihe data Ihereof until poid at the rate o~ •,~::e p~~~ cent„m per annu:n and to3rthrr with such interest shaii !>e srcured by the lien of thiS mortgage. ' 4. io pe~mit, co~nmit w sufier no waste, impairment w deterioration of said prope~ty or any part thereof. 5. io pay atl and singular the costs, charges and expe++ses, including a reasonable attorney's fee and costs of abstrads of title, incurred or paid at any n:~,e by s~~d MORTGAGfE, because or in the event of the fa~lure on the part of ~he said MORTGRGOR to duty, promptly and futly periwm, d~stharqe. c.~c~te, efiec~, comptere, comply w~th and ab:de by each and every the stipulat~ons, agreamems, cond~tions, and cove~~anK of said promissory note and this , o~rgage any or ei~her, and sa:d costs, charges and expenses, each and every, shall be im.med~ately due and payable; whether or not there be noT~ce da ,_,,;d, atte~npt to co~iect or suit pend~ng; and the tul? mnount of each and every such payment shall bea: interest from the date thereof until paid at the o~ n~ne uer c~~n:u~n per an~wrn; ~nd att said costs, charges and expenses incurred or paid, together wah such interesL shall be secured by the lien of this mortgage. b. That (a) in the event oF any breach of this Mortgage or default on tF~ part of the MORTGAGOR, or (b) in the eve~t any of sa:d svms of mo~ey F..~rcin rrferrad to be nof pro~nptiy and fully paEd ~vithin th~riy l3~) days nexl aiter the same seve~a:ly become due and peyable, without demand o~ notite, or lc) in tha eve~t each and every ~he stipulations, agreements, wndaions and covenants of sa.d p~omissory note and th~s mortgage any w either are no1 :u!y, pro;npt{y anc~ f~~ly oerformed, d.scha~g_d, executed, eftected, compteted, canpGed with and ab~ded Sy, then in eaher or any svch event Ihe said ag- ~,ga?e sum mentioned in said prortussory nc'te then remaining unpaid, with interest accrued, and ail moneys secured hereby, shall become dve and pay au _ fcr~hwith, or thereafter, at the opt~on of said MORSGAGEE, as fully and completely as if all of the said sums of money were a~g~nalty stipulated te be D~j d on s~th day, anything in sa d promissory note ot in this Mortgage to Ihe coMrary notvvithstanding; anc~ therevpon M theteafter et the op~~on of s-~ d M,ORTGAGEE, wrthc~t nohce or dema~d, suit at law or in equity, therefore w thereaiter begun, may be prosecuted as if all moneys secured hereby n:d n,aTUred pr~or ro~ts institution_ 7, ihat in the event rhat at the beginning of or at any time pending any suit upon thia Mortgage, or to fweclose it, o? to reform it, or fo enfo?ce ; a;ment of any r.,i~ns hereund~r, said MORTGAGEE shall apply to the Cowt having jui~sd:ctlon thereaf iw the appo~ntment of a Receiver, such Co~r1 shall r;,:hw~th a~,~omt a rece~ver of said morcgaged property all and singular, includ,ng aN and si~igu~ar the irtcome, profits, issues and revenues from whatever s: ,•ce derived. e~ch and every ot wh ch, ii being expressly undersrood, is he~eby mortgagrd as if spec~fically set for~h and described in the g~anting and ~';~e~~durn c avses he•~of, and such Receiver sha11 have aN the broad and effecnve funce.ons and po.vers in anyv~~se entrusted by a Cou~t to a Receiver, and s=~ ap;:c~r.+ma~~t sh~.i be made by such Court as an admitted equity and a matter of absolute right to sa:d MORTGAGEE, a~d without re(erence to the i_~.,,cy or ~n3drquacy of the vatue of the property mortgaged or to the so~vency or insoivency af said MORiGAGOR a the defendants, a~d that svch ~rs: ~.roi~rs, inco,ne, iswes and revenues shafl be applied by such Receiver accorduig to the tien or equity of said MORiGAGEE and the practice of such Courf. B. To dv:y, pro~nF;t:y and fully perform, d~scharge, execute, effect, comp~ete, canply with and abide by each and every the stipulations, agreements, ;o:~di~ions and covenan~s ~n sa~d promissory note and this morigage set forth. 9. That in the eve~~ the ownership of the mortgaged premises, or any part thereof, becomes vested in a person other than the MORTGAGOR, the .',~RTGAGEE, ~~s successors and assigns, rteay, without notice to the MORTGAOR, deal with such successor or successa in imerest with reference to this ortgage and the d.~t hereby secured in the same manner as with Mortgagor without in any way vitiating cr d~scharging the Mortgagors' liability here- .,~der o. upon fhe debt he~eb~ secured. No sate of the premises hereby mo~tgaged and no (orbearance on the part of the MORiGAGEE or its successws o~ ass:gns and .^.o extens~on of the time for the payment of the debt hereby sec~red given by the MORTGAGEE or ~ts successws or ass~gns, a»all operate ro re~ease, d~scharge, modify change or affecr the orig~nal liab~lity of the MORTGAGOR herein, either in whole or in part. 10. It is speuf;caiiy agreed that time is ot the essence uf this cororact and that no waiver of any obiigat~oo hereunder or of the obligafan se- cu-ed hereby sha:~ at an~ time thereafter be he.d to be a waiver of the terms hereof or of the instrumem setured herby. 11. In a:id r~c:~ ~o th~ Foregc n9 monthly paym~nts of prirtc pal and interesr requ~red by the p~om ssory no!e secured hereb~, mortgagar covenants , d agrees ro pay ro~^.e-tg3gee Y.~sh each month'y pay~.:ent an add~tional sum est:mated by mortgagee to be equal to 1, 12 of the annual cost of the fotlow- A-A~I r_.•f r.rop~•~ty tax~s levr_~ o+ assessec{ agai•~st the a6ove descri!,ed r~at estate. 6 Pr, •~s o:~ i,r~ ar~d wir,dstonn insurarce as ne:e~n rcqu~red to be carned cn the ~mrrovemc~ts s~tuate on thc abovc d=su~bed premises. C P~~ s o:~ s~ch rortg ~ae guaranty ir.surar.ce as mo~tgagee shail from t me to Kme deem fit to carry on the loan secured hereby. li F:.orto.q~~c s~~: ~'•cm f~~ne to ri:ne not~fy morrgagor m wr;t~ng of the alrou~t dve and paya5le hereundar and such sum sh~Il thereupon be due and .;b'e on 1~iv ~:Jc O:'« vT ~he nexr moMh:y paymem and each svccess~ve month thereafrer ur.~il mortgagee shall not~fy mortgagor of a change in such ~ r,n~. Su.h s.,,•u s~~ ~:t ~~e a~,pGed by morrgagee toward the payment of rea~ property tazes; insurance prem;u,r.s, a:id mortgage guaranty irtsurance ~ . ~,~~ms. ~ ` IN ';11FPJESS 7: N~RFOF, the sa~d MORTGAGOR has hereunto set his hand and seal the day and y f' t afwe ' ~i~ l ~ $~gned, Seated and delivered ' 1he presente of: ~ ~ Ses~ - (Sea4 - - (Seaq ~ - - - (Sea~ ~:,1?E LORIDA ~ - St . Luc ie ~ ~U'~TY OF - ~ Before me personally appeared ~t0 Barie a~ BLl2'f11Ce Barie his wife, to me v~reli known and known to me to be inci~:~dua~s descr~bed in and wiw executed the foregoing instrument, and acknowledged before me that they executed the same for the purposes fhorei~ expressed. And the said__ 8112'Y1~C8 ~2'~.C ~e of ~ne sa~d M3ti0 ~I`~.C upe~.a•separate and priv~t~ •.•m:nat~on by n,e takon separate and apart from her said husband, atknowledged to and before me that she executed said iastrument freety and voluo- ~ry and w:~hout any co:rpulsion, constraiN, apprehenslon, qr fear of or from her said husband. - WIT?~E55 my hand and offic~al sea! this_ ~y~~~ day of St . A. D. i9~ • ~ N tary Public in and i the State of Flwida at Large My Commission expir Retvrn ro: ' 3~~~ i 5 first Federal Savirgs 6 Loan Association Oi . ~-t P . -ce. ~urt Fi.~rc~~ Flc~i;~.3 LiQ eND ~t~~oRg~~ ~U~~E Cov rr = aacEF ~ sA~ T t`~ This Instrument Preoared By .T. H. RObeI'tS~ dY'. CLEF.K C~ ~~~T i ~:rst Federal Savings & Loan .Association Rf.~OFn Vf~.~~if.~3 of Fort Pierce F'1o2lda p heckec~ B ~L'~----- ' ~ ZZ 1 H~ 1~ C Y 2359'73 BOJi(~~ PAt;E~~ ~ - - _ ~