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Home My WebLink About0158 , To place and continuously keep on the bui!d~ngs now or hereaite? situate on said land and on ali cquipment and personally covered by this ma agr, with afl premiums thcrcon pa:d in full, fire inwrance in the usual standard po~ity iorm, in a sum app~oved by the MOR~GAGEE, and windito ;nwrancr in the usual standard po~•cy form, in a sum approved by Ihe MORTGAGEE, in suth company or companies as thr MORTGAGEE m dnecr, and all lire and w~ndstorm insurance poi+c:es on any of said build~ngs, any imerest therein or part there~F, in the agg~egate sum aforesaid in extess thereof, st~all contain the usual standard mottgagee clause or such oiher clause as the Mortyagea may require, maAing the loss undrr sa~d po c~es, each and every, payable to said h10RTGAGEE as its interest may appear, and each and every such poticy shall be promptly ass.gned and detivered ~ any held by sa~d MORTGAGEE as iurther security to said mor~gage debt, arxl, not less than le~ (10) daya in ad~ance oi the expiration of each pol~cy, to d. I:ver ~o sa~d MORTGAGEE a ronewal ~hereof, toge~her wi~h a rece~pt tor the p~emium of such ~enewal; and there shall be no f~re or windstorm ir.suranc E:taced on any of said build~ngs, any interest there~n or part the~eof, unless in the form and with the loss p~yabte as aiwesaid; and in ~he eveN a~y sun ot money becomes payable under wch policy w policies said MORTGAGEE shall have the opGon to rece~ve ~nd appty the same on accowv oi the indebted n_ss secured hr~eby or ro permit sa~d MORTGAGORS ro reteive and use it a any part thereof for orne•r pur~ oses, v.~iho~t ih:~r~r ~va~~i ~g or ~~np~ii ~ ing any equ~ty, lien or right under or by virtue of this mo:tgage; and in the event sa~d MORTGAGORS shall'or any reason fail to keep ~he said premisrs so ' mwred, or iail to deliver pro~nptly any of said poGties of insurante fo sa~d MORTGAGEE, or f~il promptty to pay fuIly any premium thcr~tor or in any ~espect fail to perform, d~scharge, execute, effect, complete, comply with and abide by this covenant, or any p~r~ hareof, said MGRTvAGEE may place ano pay for such insvrance or any part thereof w~thout waiving or afFecting any option, lien, equity, or ~~ght under or by virtue of this Mo~tgage, and thE ` lvll a~noum oi each and every such payment shall be immediately due and payable and shafl bear interes? fro.r. the date theeeof u~til paid at the rate ot ~,~ne per centum per annum ond to~ether with such iMerest shali be sewred by the lien of Ihis mortgage. 4. To permit, commit w suf(er no waste, impairment w Heterioration of said property or any part thereof. 5. To pay all and sing~lar the costs, charges and expenses, including a reasonable attorney"s fee and costs of abstracts of title, incurred or paid at any ti~ne by said MORiGAG:E, because or in the event of the failure on the part of the said MORTGAGOR to duly, pramptly and fully perForm, d~scharqe. ~.cc~te, e~fect, complete, comply with and ab:de by each and avery the stipulations, agreements, cond~tlons, and covenaros of said promissory note and ~his j .:orrgage any or eifhe•, and said costs, charges and expenses, each and every, shall be immediately due and payable; whether or not the~e be notice ds ~ ` n,,,nd, attempt to cotlect or suit pend~ng; and the full amount of each and every such paymem shaFlbra. interest from ~he date thereof until paid at 1F.e ~ . r~ o~ nEne per ccnium per annu:n; anc~ a11 said costs, charges and expenses incurred or paid, to~ether w~th such interes~, sfiall be secured by the lien of th~s mo~tgage. - ~ 6. That (a) in the event of any breach of this Mortgage or default on the part of the MORTGAGOR, w(b) in the eve~t any of sa:d sums of money here~n ~eferred to be not prompfly and fulty paid within thlrty (30) days next after the same severa::y become due and payable, without demand or notice, er (c) in thr event each and every the stipulations, agreements, conditions and covenants of sa;d pro~~iswry note and th~s mortgage any or either are not iv:y, promprly and f~liy performed, d,scharged, ezecvted, effected, completed, compfied wiih and ab~ded 5y, then in e~ther or any such event the sa~d ag gregate sum mentioned in said promisswy note then remaining unpaid, with interest accrued, a~d a~l moneys setured hereby, shall become due and pay ao c forthwith, or thereafter, at the option of said A10RTGAGEE, as fuUy and completely as i1 all of the said sums of money were or~ginalty sYpulated to be pa~d on such dcy, anything in sa:d protnissory note w in this Mortgage to the contrary notwithstanduig; and ~hereupon or thereafter at the option of s>,d MORTGAGEE, without norice or demand, suit at law or in equity, lherefore or )hereafier begun, may be prosecWed as if all moneys secured hereby n:d matured pr~or to ~ts institution. , 7. That in the event that at the beginning of or at any time pending any suit upon this Mortgage, w to fo?eclose it, w to reform it, or to enforce ~~yment of any claims hereur.der, said MORTGAGEE shatl apply to the Court having jurisdlction thereof for the appoin'tment of a~Receiver, such Gourt shall r;;;;hwith appoiN a rece~ver of said mortgaged property alI and singular, includ~ng all and singvlar the income, p~ol~ts, iuues and revenues from whate~er s_ ~:rce derived, each and every of wh~ch, it being expressly understood, is hereby mortgaged as if speulically set fwth and desuibeci in the granting and i,.,bendum clauses hereof, and such Receiver shal{ have all the broad and ef(ective funct~ons and powers in anyw~se entrusted by a Court to a Receiver, and ~ s._h appointme~it shall be made by svth Court as an admitted equity and a matter of absolute right to said Mt7RiGAGEE, and withoul reference to the ~ ~;i~q~acy or inadequacy of the val~e of the property mwtgaged or to the so.vency or insoiventy of said MORfGAGOR a the defendants, and that such ~ .;~,rs, profits, i~co~ne, :ssues and revenues shall be appfied by such Receiver according to the lien or eq~ity oi said MORTGAGEE and the practice of wch ~ourt. 8. To d~ty, promptty and fully perform, d~scharge, execute, effect, complete, camply with and abide by each and every the stiputations, agreements, .c::ditions and covenants in smd promissory note and thls mortgage set torth. 9. That in the event the ownership of the mortgaged premises, or any parl thereof, becomes vested in a person o~her than the MORTGAGOR, the .'OR7GAGEE, its successors and ass~gns, may, without notice to the MORTGAOR, deai with such successor w successor in interest with reference to this r..o•~gage and the debt hereby secured in the same manner as with Mortgagor without in any way vitiating or dhcharging_ ;;he Mortgagors' liability here- y ~nder w upon the debt hereby sec~red. No sale oi the premises hereby mortgaged and no forbearance on the part of the /JIORiGAGEE or its successors c~ assigns and no exrension of the time for the payment of the debt hereby secured given by the MORTGAGEE or its successors or au~gns, a~iall operate ro re!ease, d~scharge, modify change or affect the origina~ liabiiity of the MORTGAGOR herein, either in whole or in part. 10. It is speufically aa.eed that time is of the esse~ce of this contract and that no waiver of any obtigat~on hereunder or of the ob~igatwn se- wred hereby shaU at any time ~hereafrer be held to be a waive~ of the terms hereof or of the instrumeM secured herby. 11. In add t:o~ to the forego~~~~ monthty paym~nts of prioc'pal and interest required by the prom:sscry no!e secured hereb~, mortgagor covenants ,.d agrees to pay to rnortgagee v~ith each monthiy payi.ient an add~r.onal sum est~n;ated by nwr~gagee to be equa! to 1;' 12 of the an~ual cost of the follow- , } A-A? real property taxas leiied or assess~d agai~st the above descri5ed r~al estate. ~ B-Pr~n,~u~ns o~ f~re and w~ndsto:~n insurar.ce as here~n requ~red to be carried on the improveme~ts s~tuate on the above dascribed premises. I C-Prerniums on svch mortgage guaranty ir.surance as mortgagee shall from tme to time deem fit to carry on the loan secured hereby. ~ Mortgagee sha~i from h~ne to time notify mortgagor in writ~ng of the amount d~e and payable hereundar and such sum shall thereupon be due and ` ,,.;ble on tha due dare of rha next mortth:y payment and each successive m.onth thereafter untii mortgagee shall notify mortgagor of a change in such ~ o~nr_ Such s~ms sha:l be a~pil~d by mortgagee toward the payment of real property tazes, insurance prem.ums, and mortgage guaranty insurance ~ f . emiumS. ~ i IN Y~ITPJESS ':~HEREOf, the said MORTGAGOR has hereunto set his hand and seal the day and ar fir atoresaid Sig~ed, Sealed and de~ivered in the presence of: (Sea4 + ~ ~~i,..~~'-vi^J (Seal) (~a4 _ (Seaq S~ATE Of FLORIDA $t • ~.11C1 Q ~ CJUNTY OF ~ Before me personally appeared Robert B• HavneY a~ C. Josephine Havner his wife, to me well known and k~own to me to be rt:> individuals described in a~d who executed the foregoing instrument, and acknowledged before me that they executed the same for the purposes ~ rhe-e~n expressed. And the said_ C. Josephine Havner { Robert B. Havner ' :::fe of the said upon a separate and private ~.~,m~nat~on by me taken separate and apart from her said husband, acknowledged to and before me that she executed said instrumero frcely and volurt- ~~y and w~thou? any compulsion, constraint, apprehen`s~on, fear of or from her said husband. WITNESS my hand and offiua~ seal this_. ,L~ day of Se tember A. D. 19 72 a ~ ~ Notary Pu " m and for the St te of F{orida af large ~ My Com on expires: ~ l fi ~(f"' ~ Return To: ' ~ ~ F~rst Federal Sa~ings 3 loan Assotiat~on N07ARY PU81.tC STATE OF FLOR~DA AT 1.ARG! Of Fo~t P e~ce. MY COMtdISS10N EXPIRES AUG. 6. 1975 Fort Pierce, Flcrida GENERAL INSURANCE UNDERWRITERS. INC. ~ ~ ' ST LUCtE COUNTY fED This Instrument Prepared By Wm. B. Bra~ ROGE~ POtT~A First Federal Savings & Loan Association CIEP,K C:RCUIT URT L of Fort Pierce~ Florida ' RECQF.J vEF.~FtEp~ Checked By , - • , . tTCP 5 !2 os PM ~71 ; . j ; " $oax ~ac~ - 23`~'393 ~ ~