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Home My WebLink About0606 3. To p!ace and continuowfy kcep on the bui!dings now or hereafte? aitua?e on said land and on a1? equipment and personaUy tovered by this ma ngc, wl~h all przm~ums thereon pa.d in fuil, fire insurance in the usual s~andard po~icy iorm, in a sum approved by 1he MOR~GAGEE, and windsro ;r,sura~ce in tha usual stand~rd F,ot:cy lorm, in a sum approved by the MORTGAGfE, in such company o~ tompaoies as the MORTGAGEE m d~•ect; and all fi~e and w;ndstorm :nsurance policies on any of said build~ngs, any interest therein or part thereol, in Ihe aggregate sum aloresaid in excess ~hereof, shall conrain fhe uwal e~anda~d matg~gee clause a such mher clause as 1he Mortgagee may requ~re, making tha loss undrr sa~d po c~rs, each and every, payab!e to said htORTGAGEE as its ime~rs? may appear, and each and eve~y suth poiicy shall be promptly ass gned and delivered ti any held 'o~ sa~d MORTGAGEE as fur~her security to said mortgage debt, and, not less than ten (10) days in advan:e of the expiratio~ oi each policy, to d. I,v~r to said A10RLGAGEE a renewal thereof, toge~her wilb a reteipt for the premium of s~ch renNwal; artd there shall be nu ii~e or windsto~m insuranc f,lactd on any of said b~ildings, any interest Iherein w part thereof, unless in ine form and with the loss payabie as aforesaid; and in ihe event any sun of money beco:nes payalle undrr such policy or poGcies said MORTGAGEE shall have the opnon to recaive and apply the same on account of the indebted ss secured hereby o~ ro permit sa~d MORTGAGORS to reeeive and use it w any part the,rof lor o:ner purpases, .v~ihc~t th~rrui wc~~~,~3 ar nnpai. ~~~g any equ~ty, 6en w r~ght under or by virwe of this mo:tgage; and in the event sa~d MORTGAGORSahall .'or any reaaon iail to keep 1he sa~d premisrs so ~r,sured, ot faii to deliver promptly any of said pof~eies o/ insurance to said MORTGAGEE, or i~"r! promp!ly lo pay fully any premium therefo~ or in any respe~~ iail to perform, discharge, execute, effect, complete, comply with and abide by this covenant, or any part hereof, said MORTGAGEE may piace a~~d ~>a f for such insurance or any part thereof w~thout waiving pr affecting any option, ~ien, equity, or ri~h1 under or by virtue of rhis Mongage, and tbc !:;!t amount of each and e~ery svch payment shall be immediately due and payable and shall bear interest from the date thereof until paid at Ihe rate ot ~~.~~e per cenrum pe. annum anJ to~~~thar wlth such interest shali be secured by the lien oF this mortgage. 4. To pern,it, commit or suffer no waste, impairment w deterioration of said property or any part thereof. 5. To pay all a~d singu!ar the costs, charges and expenses, including a reasonable attorney's fee and cosrs of abstracrs of tille, incurred or paid at '~'r ?~«'e by sa~d MORIGAG~E, because or in the event of the failure on the part of the said MORTGA(;pR ro duty, p~omptly and fully. perform, ducharge. ~_wtr, efiect, canp:ete, comply w~th and ab:de by each and every the stipulations, agreements, condiLOns, and covenants of said promissory note and this , errgage any or ei~he~, and sa:d costs, charges and expenses, each a~ every, shall be immediately due and payabte; whether w not there. be notice d~ :~,d, atte~npt to col!ect or suit pending; and the full amount of each a~d every such payment shall bear interest from the date thereof umil paid at the o' nlne ;~er crnwn, E.ar ann~:n; anc: a11 sa:d costs, charges and ex,xnses incurred or paid, together w~th such interesf, shall be secured by the lien o} thi~ rt~ortgage_ b. That {a) in the event of any breach of this Mortgage or default on the part of Ihe MORTGAGOR, or (b) in the event any of said sums of money h~rcin referred to be r.ot promptly and fu~ly paid within thirty (3~) days ~eat after the same severa:iy become due and payable, without demand or notice, cr (c) in rhr event each and eve~y the s~ipulat~ons, agreements, conditions and covenants of sa:d promissory note and ~h~s mo~tgage any w eilher are not i~~:y, promptly and fully performed, d~schar9ed, execWed, effetled, compteted, compGed with and ab~ded 5y, then in either or any suth evem the sa~d ag 3•. 7~te sum ment~oned in sa~d promissory note then remaining onpaid, with inte+ear atuued, and aU moneys sewred hereby, shall become due and pay- et; a fcrrhwith, or thereafter, at the option of said MORTGAGEE, as fulfy and compietely as i1 all of the said sums of money were w~ginatly st~puiated ro t~e pa:d on such dcy, anyth~ng in sa.d p~om~ssory note or in this Mortgage to the cont~ary notw~thstandi~ig; and thereupon or lhereafrer at the opfion of s~._! MORTGAGEE, w~thout notica o. demand, suit at iaw q in equity, iherefore w thereafter begun, may ~~,pro~cute~ as if all moneys secured hereby c_d maturtd pnor to its institu!~on. . 7. ihaf in the event that at the b innin of or at an time 1' i.' eg' g y pending any suit upon th '~g~ or ,tp fqr~c{ps~( it, or to refwm it, or to enforce c.a~ment of any claims hereunder, said I.10RiGAGFE shaL' apply to the Court having jur~pdWjyu;~ltlereb*1br ~he ap ~ntmen~ut a Receiver, such Court shall t~~thw~rh appo~nt a rece~ver ot said mortgaged property all and singutar, indUd'q~j•~`a r i d siiigu~rythe~~cori~e; d F fits, ~issyls snd revenues from whatever s~~•ce drrived, each and e~ery of wF,rch, it being expressty und~rstood, is he~b~yEnw~eged as ef spec~f~l~yrsR:*ortb~aFd described in the g~anting and !~.»end~m c'auses hereof, and svch Recei~er shatl have atl ~he broad and eifectivo nc.lons end powers in anyw~se entrusted bv a Court to a Receiver, and s. _h appoin;ment shail be made by such Court as an admitted equity and a mattei of absol~te right to said MORTvAGEE, and winc~ut reference to the ::,.~uacy or inadequacy of the value of the property morfgaged or to the sotvency or insolvenq of said MORiGAGOR o~ the delendants, and that such rc• :is, protits, i~cane, iswes and revenues sha~l be applied by such Receiver accord,ng to the lien or equity of said MORTGAGEE and the p~actice of auch Court. B. To duty, prompt:y and fully perform, discharge, ezecute, effett, tomplete, comply with and abide by each and every the sfipulations, agreements, :~ndit~ons and covenants ~n sa~d promissory note and this mortgage set iorth. ± : 9. That in the event the ovine~ship of the mortgaged premises, or any part ther¢of, 6ecomes vested in a pe~son olher than the MORTGAGOR, the ~ '.'uRTGAGEE, its s~ccesso~s and ass~g~s, may, without notice to the MORTGAOR, deal with such successor or successor in interest with ~eference to this i c•tgage ar.d rhe d>bt hereby secured in the same manner as with Mortgagor without in any way vit~ating or discharging the Mortgagors' liability here- . der or upon the debt hereb,~ sec~red. No sale of the premises hereby mortgaged and no (orbearance on ~he part of the IAORTGAGEE a its successors ' c~ a:s~gns and no exrens~on o! the ?ime for the payment of the debt h~reby secu~ed given by the MORTGAGEE or its successws or ass~gns, ~~~all operate ; ~o re!ease, d~scharge, mod~fy ~hange or affect 16e orig~nal liao~t~ty of the MORTGAGOR herein, either in whole or in part. 10. It is SpCUfi:afly agreed that time is of the essence of this contract and that no waiver of any ob~igation hereunder qr of the obligaYan se- cu-ed hereby sha:r ar any trma rhereafrer be he:d to be a waiver of the terms hereof or of the instrumeN sxured herby. 11. In aad.r;c~ ro rhe (orego ng monthly payments of princ pat and interest required by the prom:sscry no!e secured hereby, mortgagar cove~ants :f agrces to ;;ay to m,ortgag•~e :}nh rach monthiy payr~:eM an add~rional sum est~mated by mortyagee to be equai to 1; 12 of the annual cost of the (ollow- A-Afl rEal rropcrr~ taxas levie,~, or assessed ag~inst fhe above descri5ed real estate. 6 Fr;-~.~u~ns o~ fire and wir.ds~o~m ins~racce as here~n requ:red to be carried on the improveme~ts s~Wate on the above dascr]bed premises. C-Pr~n;u:~~s on such morr~ ;ge gua+anty ir.wrar.ce as mortgagee shail fro~r: t:me to ti~ne deem fit to carry on the loan sewred hereby. t;~or.yagee sha~l frcm t~mr to t;:ne notify mortgsgcr in wr~t~ng of the amount d~e and payable hereundrr and such sum sha!! therevpon be due and .,:b!e on rh~ cfue dafe of ihe ~~ext month:y payment and each success~ve month thereafrer uctil mortgagee shall not~fy mortgagor o( a change in such ,,;nt. Su.h su~r.s sha;i !~e app'~cd by mortgagee toward the payment of reat property tazes, i~surante prem~ums, and mortgage guaranfy insurante ~~-~iums. - `:~IT~~ESS '::HER~OF, the said MORTGAGOR has hereunto set his hand and seai the day and ye~ first aforesaid. Se Sealed and deliv d'~ tht prese~ce of: ~ A ~ /_~,w~` ~.4 i/ ~14~3!; - viri~e Jr:~ .`~i. f'SuZCy ' t5eat? - - (Seal) - - lSeaQ ~":+iE OF ftORIDA St . Luc ie ~ ~JUNTY Of ~ I Before me personally appeared Gin~vra S. Paulev ~ ; f~iF a~#~ to me well known and known to me to be : ind~viduai described in and who executed the foregoing instrument, and acknowledged before me that She executed the same fot the purposes r~rein ezpressed. 7R~pit_ • ~ s~eabeFteaid :'~~~a~~~~ =nsmma~ tt~me a~o ~~s 3a~k-~ar~taaocd~ ~l~m~sdoamlbgst~a~at~~t6a=~IR~toeaotlaaid~i~trs,a~rs~yes~ttaa3o~e- 3~fs~n~~ei~OSn~a~tae~a3aata~sC~e~ ne~ea~~~fa~dacod3~bmd ~ WITvE55 my hand ar.d offiuaf seat this day of $e tember /~,p' 1972 . , Notary Publit in and for 1Fie 9tato~o~ ~Aiti~d it ~~rg! My Comm~ssion expires: ti • . ~ Return To: t First federal 5avings 3 Loan Associat~on 23'7685 F Of Fort P crce ~ Fort P~._r~e. Ficrida ' ftCEi~ ak_ o~•:v~Of~ ST.L~~.~i :tiv~tY flA. R3~,;~ :.,.~~~S Cif;r. „~;;t .CURT This Instrument Prepared By Richard K. Kayes p;r~o„ ~ ~.c. -~c'~~~ First Federal Savings & Loan Association - E" ~ ort Pierce , Flprida 8 ) 03 au ; L 1 Ii Checked B• r ~ f k aoox 206 fi05 . ~ , _ , .u4 : : ~ - - . _ _