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Home My WebLink About1047 3. To piace and continuousty keep on the bu~'d;ngs now w hereaiter ~It~a~e on said Isnd and on ali equipment and penonally covered by this ma a9e, w~~h all prem~ums thereon p~:d in full, hre insurance ~n Ihe uwal standard poticy form, in a sum approved by the MORfGAGEE, and w~ndsto insura~ce in the usual s~andard pol~ty form, in a sum app~oved by the MORTGAGEE, in suth company or companies as the MORiGAGEE m d„ec~; and all fire and w~ndseorm insurante po:iues on any of aa~d bu~ld~nys, any interea~ therein or parl the~eoi, in the aggrega+e sum aforesaid in excess the.eof, shall contain the ~sual standard mwtgageo ciause or such other clause as Ihe Mortgagee may require, making the loss under s3,d po c~es, each and every, payab!e ro said A1pRTGAGEE as its imerait may appear, ar.d each and every such poi~cy shall 6e promptly as:.gned and de:~vered ~ any hetd by said MORI8AGEE as furihe~ security to said mortgage debt, and, not leas than ten (10) days in advance of the expirat~on oi each poi~cy, to d~ i l~ver to said MORTGAGEE a rene~val thereof, Iogether with a rete~pf tor the premium oi such renewal; and there shatl be no i~re o~ winds~or~n insura~c placed on any of said buildings, any interest therein or part thereof, unless in the torm and with the loss payable as aforesaid; and in the event any sun ~ of money become~ payabte under such poliq w policies said MORTGAGEE ahafl have the option to rece~ve and apply fhe same o~ account o! ihe indeb~ed E nass secured hereby o~ to perm;t uid MORTGAGORS to receive and use it p any part Ih?:eof ior onc~r purposes, v.~tho~t threor wsivi,i~ ~r ~n,pair i ~~g any eq~~ty, I~en o? ~igh~ under or by virtue oi this mo::gage; and in the eveot ta~d MORTGAGORS shall for any ~eason faii to keep the sa~d premisas so ' i insured, or fail to deliver promptly any of said policies of insure~ce to said MORIGAGEE, or fail promptly to pay fully any premiu~n thereior or in a~y respect (ail to perform, d~scharge, execute, ef(ect, complete, comply with and abide by Ihis covenant, or any part htreof, said MGRTGAGEE may place a~~d ; pay fw such insur.~nce or any part the~eoi without waiving or affecting any oplioa, lien, equity, or right under or by virtue of fhis Matgage, and the ~ full amount of each ar~d every such payment shall be immediately due and payable and shall bear interest from the date thcrcoi until paid at the rate ol ' n~ne per cenr~m per a~inum ~nd to~ether with such inTerest shati be src~red by the lien oi this mortgage. ~ 4. To permir, commit or suffer no waste, impairment w deterioration of said property o~ any part thereof. 5. To pay all and s~ngular the costs, chargcs and expenses, including a reasonable attwney i fre and costs of abstracts of title, incurred or paid at ` 3ny tin:e by said MORTGAG:E, because or in the eve~t of the failure on tF?e part of the said MORTGAGOR to duly, promptly and fu~ly perform, dixharge. ~ ~xec~re, effect, complete, comply w~th and ab:de by each and every the stipulations, agreements, wnditfo~s, and covenants of said prornissory note and th;s i~o~tgage any or e~rher, and sa:d cosrs, charges artd expenses, each and every, shall be immediately due and payabte; whether or not there be not~ce de n,,,nd, atrernpt to coll¢tit or suit pend~ng; and the full amount of each and every such payment shall bear interesf from the date the~eof until paid a1 the ~~e o~ nine per crntum ~r annu:n; and alt said cost:, cha~ges and expenses incurred w paid, togethea wdh such interest, sball be secured by the lien of this mortgage. ~ 6. That (a) in the event of any breach of fhis Mo~tga9e or default or? the parl of the MORTGAGOR, or (b) in the event any of sa~d s~~ns of money here~n refcrred to be no? promptly a~d fully paid within th~rty (30) days next after the same severatly become due and payable, withour demand or notice, + o~ (c) in rhe event each and every the stipulations, agreements, conditions and covenams o) sa;d promissory note and th~s mortgage any w either are not ~ iu;y, gromptly and fully performed, d~scharged, exccuted, effectecl, completed, compGed wlih and abided `ay, then in either o~ any such event the said ag- g~egate sum mentioned in said promissory note then remaineng unpaid, with interest accrued, and a1? moneys setured hereby, shall become due and pay- ~ ao:e forthwitn, or thereafrer, at the option of said MORTGAGEE, as fully and completely as if alf of ~he said suma of money were original~y st~pulated ro b.~ pa~d on such day, anything ~n sa d pro~nisswy note or in this Mwtgage to the cantrery notwithstanding; and the?eupon o~ fhereafter at thp opt~on of s-3:d MORTGAGEE, wlthow ao~~ce o. demand, su~t at law w in equity, therefwe or thereafter begun, may be urosecu~ed as if ali moneys secured hereby ' n~d maeured pnor to its institution. 7. That ~n the event that a~ the beginn~ng of or at any time pending any suPt upon this Mortgage, or to foreclose it, or to ieform it, or to enforce pr~ment of any tlaims hereunder, said MORTGAGEE shall apply to the Court having jurisdfctio~ thereof tor the appointment of a Reteiver, such Court shall rc~thwith appo~nt a rece+ver oi said mortgaged property all and singutar, includ~ng all and singuler the income, profits, issues and ~evenues from whatever s~urte darived, each and every of wh~ch, it being expressly understood, is hereby mwtgaged as if specifically set forth and described in the granting and h_,~,end~m clavses hereof, and such Receiver shall have alt the broad and effective funct~ons a~d powen in anywise emrusted by a Court to a Receiver, and s-,_h appointme~~t shall be made by such Court as an admitted equity and a mattqr of ahsolute right ro uid MORTGAGEE, and without reference to the r!_y:,acy or inadeqvaty of the value of the property mortgaged or tp the.soiventy Qr insolvency of said MQRiGAGOR w the defendanrs, and that such r~• ,rs, profits, incane, issues and revenues siwll be ap~lied by such. Reteiv,er acCOrding to the' lie~ or equity of said MORTGAGEE and tht pracrice of such Co~rt. • . ; : 8. To du1y, promprly and fulty perfosm, discharge, execute, effect, complete, comply wilh and abide by each and every the stipulatio~s, agreements, :onditions and covenants ~n sa~d promissory note and th~s mortgage set forth. i 4_ ihat in the event the ownership of the mortgaged premises, or any part thereof, becomes vesfed in a person otFer tha~ fhe MORiC~AGOR, ihe .•,CRTGAGEE, its auccessors and asaigns, may, wirhout notece fo the MORTGAOR, deal with such suctessor or successor in interest with reference 1o this ~rorfgage and the d<bt hereby secured in the same manner as with ~dortgagor without in any way vitiating or discharging the Nlortgagors' liability herr ;;rder or upon ~he debt hereby secured. No sale of the premises hereby•mongaged and no forbearance on ihe part of the MORiGAGEE or its sutcessors o~ ass~gns and no exrension of the time for the payment of the debt hereby secured given by Ihe MORiGAGEE or its successws or auigns, atiall operate tc release, diacharge, modify change or affect the original liab~lity of ~he MORTGAGOR herein, either in whofe or in part. ~ 10. It is speufically agreed that time is of the essence of this contract and that no waiver o~ any obligation he.eunder or of the obligaYan se- cured he~eby sha!{ at any time tbrreafrer be held 1o be a waiver of the terms hereof or of the instrument setured herby. 11. In add t;o~ ;o the forego ng monthly paymeros of princ pal artd inrerest ~equ~red by the promissory rto!e secured hereby, mortgagar covenants a~.~ agrces to pey ro n~ortgagee v~lth each monrhly paymen~ an add~rional sum est~neared by mortgagee to be equat to 1, 12 of the annuat cost of the foltow- ,'3: A-A!1 real p.opc~ty taxes levied or assessed agaisst the above described reat estate. B-Pr~:,,~ums on fire and winds:onn insurar.ce as here~n requ~red to be carried on the ~mprovement3 sitvate on the above d~stribed premises. C-Prem~ums on such moregage guaranty ir.surance as mortgagee shall from t'me to time deem fit to carry on the loan secured here6y. Mortgagee sha'I ~rom r~me to time notify mortgagor in writ~ng of the amount due and payable hereundrr and suth surn shall thereupon be due and ab?e on the due da!e of ~he ~~ext month!y payment and each successive month thereaft~r ur,;ii mortgagee shal~ notify mortgagor of a change in such ~ ~:,nt. Such sums sha:l be apF~!ied by mortgagee toward the payme~t of real p~operty taxes, insurance prem:ums, and mortgage guaranty insurance :~~~emiumS. IN ~'lITNE55 V1H.R~OF, the said MORTGAGOR has hereunto set his hand and seal the day and year first aforesaid. Sgned, Seated and ' ered i the presence of: - ; - ~ !Seal) ~ A fred W. Landr ~~D~ ~ - ~ (Seaq ~ _ Alice l.andr t~a~~ i i = j 5: ATE RIDA ~ ~ i k .JUNTY Of $t. LLiCle ~ ~ • ~ Before me personally appeared Alfred W. Landry ~ ~ ~d i j Alice Landry ~ " •t ~ F his wife, to me well known and ro~irn to~. ; E r~+•~ individua(s described in and who executed the foregoing instrument, and acknowledged before me lhat they executed the s~rt+~~prth8• pu~'~ j i+~erein expressed. And the said Al1C@ Landrv • l~, ~ r.+fe of the said Alf red W. Landry ~poQ a:sep ~e 4nd~ rvatav : t ~~.zminatlon by me taken separete and apart irom her said husband, ackmwledged ro and before me that she eaecuted said iAStr~r~M ly~anc~yolu4-~ " '~•~~y a~d wrthout any compufsion, tonstraint, appre nsion;~ fear oF or from her said husband. ,1 : ! - i WITNESS my hand and official seal thi day of $e tember A. D. 1~~~~ ~ : j ~ • No ry Public in and for the tate of Florida ~t Larga My Commission expires: P.eturn To: Q h. ' q~ 5 Firs? Federal Sav;ngs 3 loan Associafion ' ~ i Of Fort P.er~._. ; ~ ~ fort Pierte, Florid~ i ; FILEO AMO RECOR ` ` f~ ~~+F COUNTr ' ROCER POITIUS This Instrument Prepared By ~ Dennis F. Holerger CtERK C~ACUIT COURt ~ ? First Federal Savings & Loan Association RECORD VERIFIEp~;~~ ; of Forr P~erce , Florida 33450 ~ SEr I~! 10 '11 ~ Checked By • yl ~ r ~ ~ eo~x 2U6 ~~t ~0~4 2~3s ~ e ~ clh~ Y - n.~~ - ~ ~a t _ . s~ _