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Home My WebLink About0237 3. To ptace and continuously keep on the bui:dirgs now or hereafter situate on sa~d land and on all equ~pment and personally covered by this mor eae, with all premiums ~hcreon pa~d in futi, iue ins~rance in the usual standard po~icy (orm, in a wm aHprovrd by Ihe L\URtIaAGEE, and wmJsto ~nsu:ance in tha usual standard poLCy tonn, in a sum approved by ihe MORTGAGEE, in such tompany or co~npanies as the 1.10RiGAGEE m d~reu; and aU fi~e and w~ndstorm insvrance polides on any of said buitd~ngs, any interest the~ein or pacl the~eof, in the aggr~gare sum aforesaid in excess ~hereof, nhall cont.,in the uwcl s~andard mortgagee dause or such other c~ouse as Ihe Mongayee may requ~re, maMing th~ ioss undrr sa~d po c~es, each and every, pay~~'e to said h1pRIGAGEE as ~ts interest may appear, and each and every such poi~cy sha11 be promptly ass gned and det~vcred ~ any held by sa~d l.1pRTG.4GEE as furthcr secu~~ty to said mo~~gage debt, and, not teu than ten (101 dsys in ad~ance oi ?he expirat~on of each poGcy, 1o d. Iiver Io said h10RTGAGEE a renewol thereof, togethar with a receipt (or the prrmium of suth renewal; and ~here s~~all be ~o i:re or windsto~m inswanc plated on any of said b~ild~nss, any interest therein or part thereof, unless in the (orm and with the loss payob!e os aforesaid; and in the event any sun of money betomes payable under suth polity or po!icies said A10RTGAGEE shall have the opt~on ro recaive and app!y the same on actouM of the iodabtad nass secured hareby or to permil said MORTGAGORS ro reCeive dnd use it w any ,:a~t the:cof ior o:in•r ~:~rp.;,srs, v..th~~::t ~h~.~:~! ~v.:~+~~3 cr ~~np~i~ Ing any equ~ry, lien or r~ght under or by virtue uf this mo~'gage; and in the event said h10RTGAGURS shall for any reason fail to kcep the sa~d pre~n~s~~s so ~nsured, or fail to deliver promptly any of said policies of insurance ?o said MORTGAGEE, or fail p:omptly to pay fu~ly any premium therefor or in any ~espect tail to perform, discharye, execute, e(feU, tomp~ete, comply with and abide by this tovenan~, or any pan hareoF, said MGRTGAGEE may place a^tl pav for such inswance or any part thereof w~thout waiving or affeding any option, lien, equ~ty, o? ri~ht under or b~ virtue of this Moregage, and the full amount of each a~d every such paymen~ shail be immediatety due and payable and shall bear interest from tha date thereof un~~t poid a1 the ~ate of n:ne par centum pe~ annu~n and to~rther with suth interest shali be sacured by fhe lien of this mortgage. 4. To permit, commit or suffer no waste, impairment o? deterioration of said property or any part thereof. 5. To pay all and singu~ar the costs, charges and expenses, including a reasonable attorney's fee and costs of abstracts of title, incurred or paid a1 any ume by :a~d MORiGAG~E, because a in the event of the fa~lure on the pa~t of the said MORTGRGOR to duly, ~ranptly and fu~ly perfonn, d~scharge. exec~te, effec~, complete, comply w~th and ab:de by each and every the stipulauons, agreements, conditions, and covenants of sa~d prom~ssory note a~d ~his n,ortgage any or e~ther, and sa!d costs, charges and expenses, each and every, shall be immedeately due and payabie; whether or not there be no~ice d~ rn~nd, attempt to cotlect or suit pending; and the full amo~nt of eath and e~ery wth paymem shall bear iNCrest irom the date thereof ~ntil paid at the r. r.~ oj n+ne pe. cantum per an~:u:n; ~nd ail sa~d wsts, charges and expenses incurred a paid, together ~v~th such interest, shall be secured by the lien of this mortgage. 6. That (a) in the event of any breach of this Mortgage or default on the pa•t oi the MORTGAGOR, or ;b) in the event any of sa;d sums of money hercin referred to be not promptly and ful~y paid witF,~n Ih~rty (30) days next after the same severaily become due and payable, without demand or notice, or (c) in tha evem each and every ~he st~pufations, agreements, conditions and tovenants of sa:d promiswry note and th~s moi~gage any or eithe~ are nol july, prornptly and fulty periormed, d~scharged, executed, effected, completed, complied with and abided Sy, then in e~ther o~ any such event the said ag ~regate sum mentioned in said piomissory nore then remaining unpaid, with intere;t accrued, and ali moneys cecured hereby, st~all betome due and pay- ab'~ fo~thwith, or theraafrer, al ~he option of said MORTGAGEE, as fu3ty and completely as if all of tl~c said sums of money were or~ginally sNputated ~o be pa:d on such d~y, anything in sa:d prom~ssory note or in this Mortgage to ~he contrary notwithstand~r.g; and thereupon or thereafter at the option of z•.d b10R1GAGEE, without nonce or demand, suit at law or in equ~ty, therefwe or thereahar begun, may be prosecuted as if all moneys sec~red hereby n:d mat~red p: iOr to ~ts institut~on. 7. ihat in the event that at the beginn~ng of or at any time pending any suit upon this Mortgage. o~ to foreclose it, or to reform it, or to enforce ~~~~~menf oF any claims hereunder, said IdORiGAG:E shai~ apply to the Court having jurisd:a~on thereof for the appo~n~mem of a Receiver, such Court shafl f: r±hwith appoiN a receiver of said mortgagrd property all and singular, includ~ng ail and singu~ar the ir.come, prol~ts, issues and revenues from whatever s, u-ce derived. each and every of wh~ch, ir being expressly understood, is hereby mo~rgaged as if spec~li:atty set forrh and described in the granting and .+::e«dum c!auses hereof, and such Recei~er shail have all ~he b~oad and effecuve funcr.ons and powers in anyw~se emrusted by a Court to a Reteiver, and s ch appointme~~t shall be made by suth Co~rt as an admitted equity and a mafter of absol~te right ro said A10RiGAGEE, and without reference to the n.i_y~acy or inadequacy of the value of the property mortgaged or to the so~vency or mso~vency of said MORTGAGOR or the defendants, and that such ~ts, profirs, inco~ne, issues and revenues shall be applied by wch Receiver accord~ng to the Iien w eq~ity of said MORTGAGEE and the praUice of such Court. 8. To du!y, promptly and fully perform, discharge, execute, efiect, complete, comply with and abEde by each and every the stipulatians, agreements, :onditions and covenants in sa~d promissory r.ote and this mortgage set forth. 9. That in the event the ownership of the mortgaged premises, or any part thereof, becw~ws vested in a person other than the MORTGAGOR, the A'~RTGAGEE, irs successors and ass~qns, may, w~rhout norice to the A'tQRTGAOR, deal with such successor or successor in interest with re(erence t;, this o•~gage ard the d_bt hereby secvred in the same m~nner as with ldwtgago~ withaut in any way vitEating or d~scharging the Allortgagors' iiability here- u~,der or uFo~ thr debt liereby sec~red. No sale oi the premises hereby mortgaged and no forbea~ance on the part af the IAORTGAGEE or its successors e~ ass~~ns and no ex~ens~on of the t~me for the paymem of the debt hereby secured given by the NtORTGAGEE or its successors or assig~s, ahall operate ro re!ease, d,scharge, modity change or affect the o~ig~nal liab~lny of the M.ORTGAGOR herein, either in whofe or in part. 10. It is spec+fica~ly agreed thar time is of the essence of this contratt and that no waiver of any obl~gat~on hereunder or of the obligation se- wred hereby shalt at any time thereafter be he:d to be a waiver of the terms hereof w Af_ the instrument sewred herby. 11. In .;ud tio~ to the forego ng month[y paymenfs of princ pal and interest required by the prom;sscry no!e secured hereby, mortgagor tovenants d agr~es ro p.~y to e~ortgagee with each n,onih~y payr.,ent an add~~iona~ sum esf~mated by mortgagee to be eG;,al to 1; 12 of the annual cost of the foltow- ~3: A-A'1 real propcrty tax~s (e~~ied or ass~ss_~d agaiost the above desc~i5ed real estate. B Pra~„~o~r,s on f~re and w~ndsto:m ~ns~racce as here~n req~~red to be carried on the ~mproveme~ts s~t~ate on the above d=scribed premises. i C-Prem;u:-~s on.~,cc.h~ ortgage guaranty ir.s~rance as mortgagee shall from tme to time deem fit to carry on the loan secured hereby. ! Mortgagee sha l f~cm n~ne to time r.cr~ty mongagor in writ~ng of the amount due and payable hereundrr and such sum shall thereupon be due and I .,~b:e on the d~e d.;~= of ih~ next monthiy pa•yment and each successive month thereafter urtil mortgagee shall notify mortgagor of a thange in such Sv-!+ s_~^s s~~'~ 4,~ a~s~'~•~.1 hy ..+~.f~,~.~.•P ~owa~d the paymeM of re~t ~ronerty saxes. insurance prem.ums. and mortgage guaranty insurance ~ nr~miums. • /1 J ~ IN \'JITNESS VIHEREOF, the said MORTGAGOR has hereunto set hi; hand and seal the daf an year first aforesa' ~ E ~ Signed, ted ~elivered in the presence f: ~ ~ al) ~ _ une Kahn a single adult ~~ai~ - ' (Seal) (Sea~ S i r+TE OF FIORIDA 1 _ ~JU~JTY OF St. Lwcie _ ~ Before me perwnally appeared JuI'12 Kahn, a single aCjtllt Itis wiFe, to me well known and known to me to be rf~ ~ individua~,( descr~bed in and who executed the foregoing instrument, and atknowledged before me that~th~ executed the_ same fw the purposes rh~rein expresied. -A?id-thE~s3id - 4rNevF-tfh.~satd ~pon~Zepeeete~nd-private k~a~ra+~«~-4~iw~ MMew ~epKM~ ~nd~esr(?owrh¢«aid-1wa~and~acknnwl~ad.to ~od.beEore.JU~tb3t she~e~uied'sei~ ~nstrv+ne+k free~y~an~~ok?~- ~ +areti~nc~w~i~eu?brrreow~p~isi~w~~e«st~eirN~~rp~ei~~n~.~+r foas.oLor fsow?.1~~saidbuebaod WITNESS my hand and offic~al seal this__ day of $e tE er A. d. 19 72 : t yn~~ t~ x Notary P ~c in and for th State o} Fbrida at l~rge ! ~ My Co ission expires~j7, L~ ! Q 7 S Return io: ' Firs: Federa{ Savings 3 loan Associat~on , NOTARY PII'?! 1C STATE OF FI (lRlDA AT IARGt ~ Of eo~r Pc~c_. - MY COM:•lISSION EXPIRES AUi. 6, 1975 Fo.r Pierce, F7ond3 - • GENERAL INSURANCE UNDERWRITERS~ INC. ~ ~ , ~ ~ ' , - : ' 7 ; "~D ~fvj'( F`A• ` ` ROEO ' ~ ~ J• - , . FIIE~ . L011N t ~ This Instrument Prepared By : RiChard K. Kdy~S. .'„,;;jt • , ST.LUC+E ._-,,,aAS First Federai Savings 8~ Loan Association ~ ~ ' ~~`'``.-~~ti; GOURj ~ ~ of Fort Pierce ~ ~Flor ida 33450 • - •~r. ~ - Ct[~~' " ct ~ ' • :.;,:;r'-:- o=~^a,, lE' • 1 Checked BY ~ ~ 3 Qg 1 ~ . $EP ~ U~ R ~U6 2~ ' bL.K... ~~cE 23'7443 ~ ~h~ - _ . _ _ _ _ _ ~t: _ _ _