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Home My WebLink About0413 3. To p~~ce and cor~rinuousty I,cep on ilie bui'd~ngs now or hereafter situate on said land a~d on ali equip~nent and personally covered by this mor aga, wirh a11 prem~~~zis thereon pa,d in full, fire insurance in the ~sual s~andard pot~cy form, in a wm approved by the b1UR~~AGEE, and windsto insurance +n the uiual sranda.d pol.cy fo~m, in a sum approved by the MORIGAGEE, in such co~npany or companies as ~he h10RIGAGEE m d~recr, and all (ire and w~ndstorm insuiante po~~cies on any of said build~ngs, any interest ~herein or part thr~eof, in ~he aggrrgate sum eforesaid in extess ihc~cof, shall :oroain ~ha usual standard moregagee dause or such other tlause as Ihe hlortga9ee may req~~ro, making the loss under sa~d po c~es, each and every, payab!e to said 1lORTGAGEE as ~~s imerest may appear, and each and every such po,~cy shall be promptly ass gned and del~vered j any held by said AtiORfGAGEE as funher seturity to said mortgage deb1, and, not leas Ihan ten (10) days in aJ+ance o( the eap~ration of each poGcy, to d~ Gver to sa~d MORiGAGEE a renewal thereof, toge~hrr wi~h a receipt fo? the premium oi wch renewal; and there shafl be no i~re or windsto~m insuranc plated on any of sa~d build~~gs, any interest thcrein or part thereof, untess in the fotm and with ~he loss payable as aforesaid; and in the eve~t any sun of mo~ey becomes payab!e ~nder such policy or poGcies said MORTGAGEE shall have ~he opt~on to receive a~,d apply the same on accouni oi the indebted ness secured h~reby or to perm~t s~~d MORTGAGORS ta receive and use it w any part ihe:eof tor o:iier pu~>>oses, .•.~ihcut ~h nr tiva~~i ~3 cr unp..~~ ing any rqu~ty, Gen or ri9ht under or by virtue of this mo:tgage; and in the evem sa~d MORTGAGORS shall {or any reason fail to kcep the sa~d p~emisrs so inwred, or fail to dr~iver proinptly any of iaid poLcies of insurance to said MORTGAGEE, or f~il p:on,ptly to pay i~lly any pre~mum therefor w in a~y respect fa71 to perform, d~schar~e, execute, effec~, complete, comply with and ab~de by this covenant, or any part hereof, said MORTGAGEE may place a~~d pay for wch ir.sur,+nce or any part thereof without waiving or affecting any option, lien, equity, or rigM under o~ by virtue of this Mo~tgage, and the f;,ll amount of each and every such paymant shall be im~nediately due and payable and shall bear interest from tho daie thereoi until paid at the rate ol n~ne per centu:n per anf~um and to~.thc•r v.ith such intar~st shali be secured by the lien of this mortgage. 4. To permit, commit or suffer no waste, impairment or deterioration of sa~d property or any parf thereof. 5. To pay all and singular the costs, charges and ezpenses, including a reasonable attwney's fee and costs of abst~acts of title, incurred or paid at any tin:e by said MORTGAG~E, because or in the evem of the iailure on the part of the said MOR7GAGOR to duly, promptty and fully periwm, d~scharge. eaccute, effect, cemple~e, comply w~th and ab;de by each and every the stipulat~ons, agreements, conditions, and cove~ams o( said promissory note and this i:ertgage any or e~ther, a~~d sa:d costs, charges and expenses, each and every, shall be immediately due and payable; whether o~ not there be nofice da n:~nd, attempt to co11eU or suit pendng; and the ful~ amount of each and every such payment shall bear interest from the date thereof until paid at the ~..r~• a~~~n~ per c~nwm per am~u:n; end all said cos!s, charges and expenses incurred w paid, togeiher wdh such interest, shall be secured by the tien of thb mortgage. b. That (a) in the eve~t of any breach of this Mortgage or defautt on tF~ part of the MORiGAGOR, or (b) in the event any of sa:d sums of money h<rein referred to bc not pron,pHy and Fully paid w~ihin th~rty (30) days next a'.rcr the same severa~ty beco~ie due and payable, without demand or notice. or (c) in thr event each and every tne stipu~at~ons, agreements, cond~tio~s and covenants of sa,d promissory note and th~s mo~tgage aoy or eithe~ are not ~u~y, pro~~ptiy a~d fui~y perfor~ned, d,scharged, executed, effected, completed, complied with and abided Sy, then in either or any such eveM the said ag ~rrgate sum mentioned in said promissory note then remaining unpaid, with intere~t accr~ed, and aiI moneys secured hereby, shall become d~e and pay- ao,e iorthwith, or rhereaftu, at the option of said MORTGAGEE, as fu~ly and comp;etely as ii all of the said sums of money were originally stipulaied fo be pa;d on such dcy, anything in sa:d promissory note or in this Mortgage to the toMrary notwithstandi~~g; and ~hereupon w thereaher at the option of sa;d MORTGAGEE, w~rhout not~ce or demand, suit at iaw a in equity, therefore w thereaiter begun, may be p~osecuted as ii all moneys secured hereby n.:d matured pnor to ns instit~tion. , 7, That in the event that at the beginning of or at any time pending any suit upon this Mortgage, or to foreclase~t,wr to ~efoim•it, or to enforce ~-ayment of any claims he~eunder, said lV~ORTGAGEE ahall apply to the Court having jurisdktion thereof for the appQinM~eQt~s"iteceiver, such Court shaH Fcrth~vith appoint a receiver of said mortgaged property ali and singular, includ~ng ail and singular the intome, p(eGts- is~e; ~nd•? ven~e; f~om whatever source drrived, each and every of whkh, it being expressly understood, is F.ereby mortgaged as if spec~(icafly set ion andpdGsui~ in aFx+ granting and h.,bendum clauses hereof, and such Re~eiver shall have alt fhe broad and effective funct.o~s and powers in anywise enirusted 6y b; Court to e f~ece~ver, and s_ch appo~ntment shait be made by s~ch Court as an ad~ni~ted equity and a matter of a~solute :igh! to said X110RiGAGEE, and withouY reference to the ad~yvacy or inadeq~acy of the vatue oi the property mwtgaged or to the savency or inso~vency oi said MORTGAGOR a the defeodams, and that such r.••,rs, profits, inco.ne, iswes and revenues shall be applied by such Receiver according to the lien or eqoity of said MORiGAGEE and the practice of such Court. 8. To d~!y, prompt:y and fully pertorm, discharge, execute, effect, complete, comply with and abide by each and every the stiputations, agreements, _ondisions and covenanrs ~n sa~d promissory note and this mortgage set forth. 9. That in the event the ownership of the mortgaged prem~ses, ar any part thereof, becomea vested in a person other ihan the MORTGAGOR, the :'~RTGAGEE, its successors and assigns, may, without notice to the MOR?GAOR, deal wi~h such sutcessw or svccessor in interest with relerence to this r, o•tgage and rhe deut hereby secured in the same manner as w~th Mortgagor without in any way vit~ating or d~scha~ging the Mortgagors' liability here- u•~der or uFwn the debt hereby sec~red. No sale of the Frem~ses hereby mortgaged and ~o forbearance on the part oi the MORiGAGEE or its successors o~ ass~gns and no exter.s~on of ;he hme for the payment of the debt -hereby secured given by the MORTGAGEE or its successors or ass~gns, a~~all operate ;o re~ease, d~scharge, modify change or affect the oreginal liabi{ity of the MORTGAGOR herein, either in whole or i~ part. 10. It is s~ec:f~caliy agreed that t~me is of the essence of this contract and that no waiver of any obligat~on hereunder o? of 1he obiigation se- cvred hereby shali at an~ time thereafter be held to be a waiver of the terms hereof or of the instrument secured herby. 1 l. In add tic~ to the 4orego ~ig month!y paym~nts of princ'pal and interest required by the prom[sscry no!e secured hereb~/, mortgagor covenants +~,d agrces to pay to ~no-rgagee ~irh each month~y pay~~~ent an add~~ional s~m esr.n,afed by mortgagee to be equal to 1,' 12 of the annual cost of the follow- , _3: A-Ai~ real properrr taxas tev~ed or assessed agai~st the above described rtal estate. ~ 6-Frun~u rs on fre ar.d windstorm inwrarce as herein requ:red to be carried on the imrrovements s~tuate on the above d~scribed premises. l ! C-Pre~n~~~~~s o~~ such mort~age guaranty ir.sura~,ce as mortgagee shall from. t~me to tim~ deem fit to carry on the loan secured hereby_ ~ ~Aortgagee sd„~1 '~cm ;~•,:e to t~me notify mcrtgagor in writing of the amount due and payable hereunder and such s~ni shall thereupon be due and ` ; i:~bfe on th~• ci~e c:,~r o~ tha next monthi~ paymerrt and each wccessive month thereafter ur.til mortgagee shall notify mortgagor of a change in such ~ ount. Such suns s~a.i be a~;p;iad by mortgagee toward the payment of real property taxes, insurance prem:ums, and mortgage guaraMy insurance : ~•cmwms. ISd ~'ATNFSS :;HFRiOf. the sa~d NVORTGAGOR has hereunto set his hand and seal the day and vear first aforeuid. ~ c:....~ ce~i~ ~.,a aoi:.,o...~ ~ _ . _ r ~e...A _ . , - ~ _ _ _ y,,~n _ iCJ1l tf ~ ~Qli (Seal) ~ Gladvs B. ittler (Seaq ~ ` lSeaq - (SesQ SiATE OF FLORIDA St. Lucie C~UNTY OF I Before me personally appeared Gladvs g. Mittler, a single d(jUlt a1R~ _ ~itsile, to me well known and known to me to be ~ha ind~vidual descrii~ed in and who executed ihe foregoing instrument, and acknowledged before me ihat She executed the same for the purposes rhe~e~n expressed. - StfcQf~SCfild - - - - 't'~p4~~'31~s~'~ xcemaamorth~r--~tn&saa~~att~nd~~"!•-"'mid-Jm~bmdr.aclsa~d~ta:~fsfaa~ae~~~se ~ fsraomalCls~~so~~O- ~ht~ec~iec~~l~aa~eo~avbieasormm~a~aieo~ar~eaes~~asdYCanid~asheen~ . ~ Y/ITNESS my hand and ufFicial seaf this_ Sth day of Se tem ` ~ A. D. 19 72 ~ • t~ ' . _ ~ ~ ~ Notary Public in and ~p? tRe atd~of~fbrida at Large ~ - My Commission exP~?~: $Qpte,mber • 25~ I975 Return To: ~ y ' . ~ j- ~ First Federal Savings ~ loan Association - • Of Fo.t P.<rce. • j/ _T'' ` a iort Piarce. Flor~ds ' FILEO At1L~ F:ECOR~ED - ST.tUCIE COI~NTY fLA. ~ This Instrument Prepared By ,J, H. Roberts, Jr. RCG"cRi::°;RAS First Federal Savings 8~ loan Association CtERK Ct?CU~' COURT ~ of Fort Pierce , Florida RECtFDY~r ''rD~_ Checked By t`~~-___ SEP 6 3 5s PN ~~Z sooK Z~ P~ 4~ 23'7562 ~ < _ _ _ s y ~T ' . ~ ~ ~b