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Home My WebLink About0620 3. To p!ace and continuo~sly keep on ~he bui!d~ngs now or hereafte? situate on sa~d land and on ali cquip~nent and personally tovered by this mo~ agP, with all prenuums ~hereon pa:d in futl, Gre insurance in tf~e usva) sta~~da~d po!icy 1orm, in a sum approved by the MORiGAGEE, and windsto ~nsuran~e in the usual s+o~:dard pa.:cy form, in a sum approved by tha MORTGAGEE, in such company or tom~ao;es as the h10RTGAGEE m d,rcu; and all fire and w~nJstorm insura~ce poliues on a~y of said build~ngs, any interest therein or part thereol, i~ !he agg~egate sum aforesaid in exces: rh~rcof, sha11 :omain the usual standard murtgagee tlause o~ such other clause as Ihe Mwtyagee may requ~re, making the toas undz~ sa~d po res, each and e~ery, payab:e to said ti~ORTGAGEE as ~ts imeres~ may appear, and each and every wch policy shall Ix promptty ass gnrd and de2ivered i jn~r held by sa~d h10R(GAGEE as (ur~har security to said mortgage debt, and, na less than ten (101 days in advance of the expiratio~ of each pol~cy, to d. i~ve~ to said h10RiGAGEE a renewal thereof, toge~her with a receipt for ~he premium of such renNwal; and ~here shall bz no i~re or windsto:m insuranc ptaced on any of sa:d build~ngs, any intere3l therein w parl thereof, unless in the fonn and with the los~ payable as afwesaid; and in the evero any sun ot money betomes p~yablr under such policy a policies said MORTGAGEE shnll have the opt:on to receive and appty the same o~ ac<ount oi the indabtrd r.e:s secured h~reby a to per~nit said MORTGAGORS to cece~~e and use i~ or any part theraof for oti,_~r purFOS_•s, .•,:~hout ~h;~~u~ ,v~i:7 ~3 0~ ~~npo;. ~ng any equ~ty, i~en o~ r~ght under or by vi~rve of !his mortgage; and in ?he event sa~d MOi2TGAGORS shal) ~or a~y ~eason fail to keep ~he said premisrs so ~ns~~ed, o~ fail to del~ver promptly any of said polities of insuran~e to sa~d MORTGAGEE, or fal prpmptly to pay 1u~ty any pre~mum therefor or in a~y respecr fail to perform, d~scharge, execute, e(fect, comptete, co~nply with and abide by this covenant, or any parr hareof, said MGRTvAGEE may place a~~d ~ F~~~ for s~ch inwr.,nce or aoy part thereof w~thout waiving or aifecting aoy opt~on, lien, equ~~y, or right under oi by v~~we of thfs Mortgage, and the ` tull a~i~ount of each and every such paymenl shall be im~nediate~y due and payable and shall bear interest irom tha date thereof unti! paid at rhe ~ate ol ~,~r.e pur ccn~um };e•r an~~u,n end to~rthoi with wch inferest shaii be s~~cured by the lian of this mortgage. 4. To pe~mit, comm~t or suffer no waste, impairment o~ deicrioration oi said property or any part the~eof. 5. To pay all and singuiar the costs, tharges and expenses, including a reasonable attorney's fee ar.d costs of abstracts of title, incurred or paid at nny i~~„e by sa~d h10RiGAGfE, becau:e or in the evero of the fai~ure on the par~ of ~he said MORiGAGOR to duly, prompdy and f~Uy perform, d~stharge. .~x~•c~re, etfece, complete, co•nply w~~h and ab:de by each and every the stipvlatrons, agreemems, conditions, and covenants of said promissory note and ~h~s ,~orrgage any or e~ther, ar,d sa:d cosls, ci~erges and expenses, each and every, shall be immediately due and payab:e; whether or not there be notice d~ n and, attempt to collect or suit pending; and the fult a~nount of each and every such paymem shall bea. interest irom the date thereof umil paid at the oj ~iine uer c.:nsum y,rr am~u*,; and a11 said msts, charges and erprnses incurred w paid, together w~th such inierest, shall be secured by the lien of th~s mortgage. j 6. That (a) in th.~ event of any breach of this Mortgage or default on tM part of the MORTGAGOR, or (b) in the event any of sa:d sums of money ' 1,_~rnin referred to be not p~cmptiy and fully paid wiihin th;rty (30) days nex~ a4ter tne same severa;ly become due and payable, wirtwut demand or notice, ; cr ~c) i~ tha event eath and every the stipu~ations, agreements, tond~tions and covenants of sa.d p~omissory note and th~s mortga9e any or either are not io'y, prompNy and futly pe~formed, d,scharged, execWed, eifected, completed, compGed with and abided 5y, then in either w any such eveM the sa~d ag- ;•~~a!e sum menrioned in said promissory note then rema~nirtg unpaid, with intere;t accrued, ar.d att moneys secured hereby, shall become dve and pay- _ forthw~th, or ther~~after, at the oprion of said MORTGAGfE, as fully and completely as if all of thH said sums of money were ongina~ly sttpulated br pa.d on such dcy, anything in sa:d prom~sswy note w in thi~ Mortgage to the conrrary notwithstand~~~g; and thrreupon or ~hereafter at the opt~on of s:1 MORiGAGEE, w~thcut nohce or demand, suit at law w in equity, therefore or thereafier begu~, msy be prosxuted as if alt morreys secwed hereby r, :d mar~ted pr~or ta as insfirufion. 7_ That in the event that at tFw beginn~ng of or at any time pending any suit upon this Mortgage, or to foreclose it, or fo reform it, or to enforce F:~vment of any claims here~nder, said MORTGAGEE shalt apply to the Court having jurisd~tt~on thereof for the appointment of a Recerver, such Court shall thwith appoint a receiver of said mortgaqtd p~operfy aS! and singular, incl~d~ng all and ainguiar the. ir.cqme, proiAS, issues and revenues from whatever s ~rce der~vrd, each and every of wh~ch, it being expressly understooti, ~s hereby mor~gaged as if speufically set forth and described in the graming and endum da~ses hereof, and wch Receiver shal{ have alt the broad and effective funct,ons and powen in anywise emrusted by a Cou~t to a Receiver, and >;h appointment shail be made by such Covrt as an admitted eq~ity and a matter of absolute rigM to said h50RiGAGEE, and without reference to the .:,q~;cy or inadeq~acy qf the value of the property mortgaged or to the so~vency or ~nsoivency o( said 1hORiGAGOR o~ the derendants, and that such ~ *s, profits, inco~ne, issues and revenues shall be appiied by such Receiver accorduig to ~he lien or equity o( said R10RTGAGEE and the practice of such Court_ 8. 1o du!y, prompt:y and futly perform, discharge, execute, effect, complete, comply with and abide by each and every the stiputations, agreeme~ts, ;:ndit~ons and covenanu in said promiszory note and th~s mortgage set fath. 9_ That in the evenr the ownership of the mo~tgaged premises, or any parf thereof, becomes vested in a person other than the MORTGAGOR, the ~ :'ORTGAGfE, its successcrs and assSgns, may, without notice to the MORTGAOR, deal with such succeuo~ or w:.cessw in interest with reference to this orrgage and the drot hereEy secured in the same manner as with Mortgagor without in any way vitiating or d,scharging Ihe Mortgagors' liability here- :;:der or upon fhe d~ot hereby secured. No sa~e of the premises hereby mortgaged ar.d no forbearance on the part of the 1110RTGAGEE or its sutcessws er assigns and no extens~on of rhe time for tke paymeni of the debt hereby secured given by the MORTGAGEE or its successws or assigns, atiall ope~ate ro re~ease, d:scha~ge, modify char.ge or atfect the o~iginal IiabiGty of the MORTGAGOR herein, either in whole or in part. 10. It is spec~f~cei;y agreed that time ~s of the essence of this contract a-.d that no waiver of any obl~gatio~ hereunder w of the obtigation se- ~ c~~red hereby shal~ at any time thereafter be he:d to be a waiver of Ihe terms hereof w of the instrument secured herby. i 11. In acid ~]e~ to rhe forego ~~g month!y payments of princ pal and inte~est requ~red by the prom:ssory no•e secured hereby, mortgagor covenants agrses to ~ay to mortgayee v ith ea:h monthly payraent an add:r~onal sum esun:ated b~ mortgagee to be equal to l,'12 of the annual cosYOf the follow- ; A-All real ,;roperty taxas tevie~ or assessed agai•,st ihe aoove descriyed real estate. 6 Pr_,:,~.,•:~s on i~re and ~f~r.dstom, inwrar.ce as here~n reguhed to be carried en the 7mprovemeats situate on th= above d_scribed premises. G-Prc~„~v,~ s on such mo~xgooe guaranty ir.sura~:ce as mortgagee shall from t~me to time deem fit lo carry on ihe loan secured fiereby_ l:5ortgaqee si~.,;~ .'.c:n nn:e to rime not~ir mo+tyagor m writ~ng oi the dR~OJ~11 due and payable hereundar and such sum sha!I thereupon be due and .able on thr du-r c>~~~ of tha next n,onthiy payment and each successive momh thereafter uctil mortgagee shalt notify mortgagor oi a change in such ~;~nr. Sucn s;, »s sF3.i be a:;c~:i~~d by mortgagee towa~d the payment of real property taxes, inwrance prem:ums, and mortgage guaranty insurance t , e~niums. ~ ~ IN \':ITP~ESS '::HEREOF, the sa~d MORTGAGOR,has hereunto set his hand and scal the day and year fir aforesaid S~gned, Sea~ed and e ered~the presence of: 1 n ~ ~ (Seal) fSonraw Pwckham rSeaD ~1 GZ ~ ' L`~- (Seal) F.rika .ckham (Sea4 S;AiF pF FLORIDA ~ S5. "JU"JTY Of St. L11C1@ ~ Before me personatty appeared ~OI'Q6 Peekham ! and _ }~.2`~~Ca ~C~C}78J1! his w~~e, to me we!I k~own and knawn to me to be ~ a ind~viduals deurihed in and who executed the foregoing instrument, and acknowledged before me that they executed the same fw the purposes therein expressed. And ihe said-_ Ej'i~CA Pl~+~kh m _ ~ .:.~e of the sa~d ~$QZgQ P8C~13I11 _ upon s separate and private .:;m~nation by me ta4en separate and apart from her aaid husband, atknowledged to and befor~ me that she execv9ed said instrument freely and vo{vn- y and v.,thout any co;npulsion, tonstraint, appre ion, or fear of or from r said husband. ~ ~91TNESS my hand and ofiicial seal this_ day of ~ A• D. 19 72 ~ r Not y Public in and tor t e Stafe o4.Fbrida at Large : My ommission expires: 1_ i~ ~ Return To: jU - F~rst Federal Savings 3 loan Association : Of furt P ~-rc~. ~'l 237692 . - . : Fa~ Pl~~~ce. Flor~d~ ` . ~ ry fllf0 AN~ ~£CORDED s ~ ~~'wE~ SZ.LIICtt L'JUN1YfU. ~t~- ii06f~ P~~TR~S ~ S ~ ~ This Instrument Prepared By J* H. RObe ~LEB~C: 'CJ~T C4URtqsr.Rr-y,=~i`t First Federal Savings R~ Loan Association ~~"g j tE~ -~C, ~ of Fort Pierce~ glOrida 2 Da PN'~ ^ S - ; Checked By ~7~ ~ ~ i { ~ ls ~ aooK z06 pa~~ 619 ` ~ ~ F ~ : . - - - ~rc z _ ~.S".,{~+'y~ f .s' , `~~i~ Y_'~ _ i . Y`~ Y