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Home My WebLink About1258 3. To place and continuously keep on the bu~!dings ~ow or hereafter ~~tuate on sa~d land and on all equip~nent and personafly covered by this mo~ nge, w:~h all ptemiumi thereon pa.d in futl, f~re insurance in the usual s~aixlard po~icy fo~m, en a sum appioved by Ihe MOR~GAGEE, and windsto ~+~sur<nce in the usual standard pol,cy fwm, in a avm approved by the MOR7GAGEE, in such twnpa~y or tompan~es as ~he i.'10RTGAGEE m d~~ecr, and all fire a~d w~oJs~orm insu~ance po~~cles on any of sa~d bui!dmgs, any in~erent therein or pa.t thtreo(, in ~he aggrrga~e su~n afo~esa~d in excess thereof, shall co~tain the usual standard morrgagee clause a iuch other clause as the Mortgagee msy requue, maki~~g the Ioss under sa~d po c~es, each and every, payab!e to sa~d htORTGAGEE as its interest may appear, and each ard every such po:icy s~~all be promptly assgned a:~d de~ivered : any hetd by sa7d MORiGAGEE as (uriher secu~~ty to said ~nortgage debt, and, not less than ten (10) days in advance of ~he expirat~on of each pol~cy, to d. r~er io sa~d MOR~GAGEE a re~ewai ~hereof, toge~her with a receipt fo~ the prem~um of s~ch renewal; and there shall be no f~re o~ windsio~m insuranc placed on any of sa~d build~ngs, any interest th~rein o~ part thereof, uniess in the form and with the loss payable as aforesaid; and in the event a~y sun of money becomes payable under such policy or po~~cies said MORTGAGEE shall have the option to rece~ve and app!y the sa~ne on accouN of the indebtrd nes: secured hereb~ or to permit said MORTGAGORS to reeeive and use il or any part the:eof ior otii~v purF,oses, .v~~ho~t ~h~rcui n~ar+~.~~ or ~n,pa~r ~ng any eq~~ty, lien or right under w by virtue o( this mo:'gage; and in the event sa~d MORTGAGORS shall tor any reason fai) to keep the said premises so ~nav~rd, or fail ~o dei~ver pranptty any of said policies of inavrance to sa'~d MORTGAGEE, or fai! promptly to pay fully any pre~~~~um therefor or in a~y respect iail to per(orm, discharge, execute, effect, complete, comply with and abide by thii covenant, or any parl h~reof, said MGRTGAGEE may place a+~d pay (o~ such insuronce o~ any part thereof without waiving or aitecting any option, lien, equity, or right under or by virt~e oS this Mo~tgage, and the f„II a~nount of each and every such payment shall be immediately due and psyable and shall brar interest from tFw date the~eof un~il paid at the rate ol ~,~ne per centum per a~num and to~rthzr wirh suth interest shall be srcured by the lien of Ihis mortgage. .1. To permit, commit ot su((er no waste, impairment e~ deterioration of said p+operty or any pa~t the~eof. 5. To pay all and singular the costs, charges and expenses, induding a reasonabte attorney's fee and costs of abslracts of ti11e, incurred or pa~d at any tima by said MORTGAG:E, because or in the eveN of the failurc on 1he par~ of the said MORTGAGOR to duly, promptiy and fu11y perform, d~scharge. :x~cv~e, efiect, cumptete, comply w~th and ab:de ty each and every 1he stipulanons, agreements, condilions, and covenants of sa~d prom~ssory note and ~his .,:orrgage any or e~iher, and sa~d costs, charges and expenses, each and every, shall be immrdiately due and payabie; whether or not ~here be nof~ce de n,a~d, attempt to collect or s~it pend~ng; and Ihe tull amounl of each and every such payment shall bear interes~ from the date thereof until paid at the o~ n~ne per cant~m per onnum; an~ all said costs, charges and exprnses incurred or paid, togelher wuh such interest, shal) be secured by the Iien of thi~ mortgage. _ 6. That (a) in the event of any breach of this Mortgage or default on the part of the MORTGAGOR, or (b) in the event any oi sa:d sums of money here~n referred to br not promptly and futly paid within thirty (30) days next afrer the same severa:ly become due and payable, without demand or notice, or (c) in the eveN each and every the stiputations, a9reements, cond~tions artd tovenants of sa;d promissory note a~d th~s mo~tgage any w either are not iuly, p~omptly and fully perfwmed, d:xharged, executed, eftected, completed, complied with and abided Sy, then in e~tF~er w any such event the sa~d ag gregate sum mentioned in said promissory note then remaining unpaid, with interest acuued, and all moneys secured hereby, shall become due and pay eo.e fo~thwith, or thereafter, at the opt7on of sa~d MORTGAGEE, as lully and completety as if all of the said sums of money were onginally stlpvtated ro be pa~d on such day, anything in sa;d prom~ssory note or in this Nbrtgage to ~he contrary notwithstanding; and thereupon or thereafter at the opt~on of s~'d MORTGAGEE, without no~ice or demand, suit af law w in equity, therefwe or thereatter begun, may be prosecu~ed as if all moneys secured hereby n~d matured pr~or to ~ts institution. , 7. lhat in the event that at the t~eginning of or at any time perxling any suit upon this Mortgage, or to foreclose it, or to ?eform it, or to enforce F.ayment of any claims hereunder, said MORTGAGEE shall apply to the Court having jurisd~aion thereof for the appoiMmero of a Rece~ver, such Court shall Icrihwith appoint a ~ecei~er of said mort9aged property all and singular, includ~ng all and singutar the ir.come, p~o(~ts, issues and revenues from whatever s: ~rce derived, each and every of wh;ch, it being expressty understood, is hereby mortgaged as if spec~(ically set forth and described in the g~antuy and i~at~rndum c~auses her~rof, and such Receiver shall have all the broad and effective funct~ons and powers in anyw~se entrusted by a Court to a Receiver, and s_ch appo~niment shali be made by such Cou+t as an ad~nitted equity and a mafter of absolute righl to said MORiGAGEE, and without reference to the rd, y~acy or inadequaty of the value of the prope~ty mortga9ed or to the sorventy or insolvency ol said IV.ORiGAGOR o~ the defendants, and that such ,~•,rs, proff~s, inca~e, iss~es and revenues shall be appfied by such Rece~ver according lo the lien or equity ot said /dORTGAGEE and the pradice of such Court. 8. To du'y, promptly and fully perform, discharge, execute, eifect, complete, comply with and abide by each and every the stipulations, agreements, corditions and covenant: in sa~d promissory note ar.d this mortgage set forth. 9. That in the eve~t the ownersh~p of the mortgaged premises, o~ any part thereof, becomes vested in a perspn other than the MORIGAGOR, the :'^RTGAGEE, its successors and ass~gns, may, without no~ice to the MORTGAOR, deal with such successor w successor in interest wi~h reference to this . rrgage and the drut hereby secured in the same manner as with Mortgagor without in any way vit:ating or discharging the Martgagors' liability here- c~,d~~r or upon the deht he~eoy secured. ISo sale of the premises hereby mortgaged ar.d no forbearance on the pan of the lhORiGAGEE or its successors or ass~gns and no extension of the time for the payment of the debt hereby secured given by the MORTGAGEE or its successors or assigns, ahall operate ~o reiease, d~scharge, modify change or affect the original liab~lity of the MORTGAGOR herein, eit6er in whole or in part. 10. It is speufically agreed that time is of the essence of tkis co~tract and Ihat no waiver of any obl~gation herevnder or of the obligation se- c~~ed hereby shafi at any time thereaher be held to be a waiver of the terms hereof or of the instrument secured herby. I 1. In ad3.r,o, to the forege'ng month!y payments oi princ pai and interest required by the prom'sscry no!e secured hereby, morigagor covenants , d.~grees to pay ro mortgagee v~ith each monthty pay~,•em an addnional sum ev~mated by mortgagee to be equal to 1~'12 of the annual cost of the follow- ' A-Alt real ~:roperty tax:s levied or assessed agai•~st thc a6cve described mal estate. B- Frar.~iums on fi~e and windsrorm insurar.ce as here~n requ~red to be carried on the improveme:+ts s~tuate on the above described premises. C-Prcniums on s~ch mortgage guaranty ir.suraoce as mortgagee sha(I 4rom tme to time deem fit to carry on the loan secured hereby. ~ Mortgagee sha~t [rom timc to t~~nc notify mertgagor in writ~ng of the amo~nt due and payable hereundar and such surn shatl thereupon be due and ~ .;,b!e on th~• due oa!e oi ~he n._•,cr month.y payment and each successive month thereafter ur,til mortgagee shall notify mortgagor of a change in such ~ ~ cvnt. Such sums sF3;l be applied by mortgagee toward the payment of real property taxes, insuraocz prem:ums, a~~d mortgage guaranty insurance e,ni~ms. . IN NE55 '.'+HER~Of, the said MORTGAGOR has hereunto set his hand and seal the day and year fi st aforesaid. i~ Sealed and liv presence /1 CJ -~Seaq ~ I C. Vlt aC (Seal) i lSeal) L ce K. Vitunac r~,i~ S~:.TE OF FLORIDA ) CJU'JTY OF St . LLiG~E' j ~ Before me personally appeared Wa 1tel C• V i tunac ~ ~ a~,d ~CQ K. Vitunac his wife, to me well known apd I~n~owf~'fa'me to be ~i ~ ind~vid~als described in and who executed the foregoing i~strument, and ecknowledged before me that they executed tF~sa~'fcr fhe purposes rh~•ein expressed. And 1he said ~C@ K. ~/lttlilaC ~ ~ - Walter C . i r: of the sa~d _ V1tUI1dC L~pn`~~epa~te eQd ~Qii+tel! ~.:,m:nat~on by me taken separate and apart from her said husbana, acknowledged to and before me that she exetuted said~n~tru~jrd #eely qnd;vplutF ~ :•~~y and w~thout any compuls~on, constraint, apprehens~on, or +ear of or from er said husband. L_ : • : ` : • : S WITNE55 my hand and official seal this- ~a~.6~.~.~ day of S tember • p~~ ~ X - t . - otary Publit in and for the St of fiorid tatye y Commission expires: S Rer~rn To: NO?ARY PUB! IC. STATE of fIORIDA ~t URGE F~rst Federal Sa~ings 3 loan Association ~y?y COMMlSSION EXPIRES DEC. 29, t975 ~ Qf Fort P.erce. go dW iAru Genar~l Insuranu UaO~rrrdt~ } fort Pi~rce. Flcrida ~ s~ L~~ ~ r~A6 ~ ROC~R ~a!T1lA~ C CLEi~ t1rZCWt iOYRT ~C REG0~0 YEr~~~tf8~.,..~~ This Instrument Prepared By GaTy F. Ellwood First Federal Savings & loan Association ~j • of Fort Pierce ~ Florida ~ 56 ~ _ Checked By ~~18iJ - BU~X ~IJU "r~CZ s ~ ~ dz - - - Y ~Tw~~ -,:z-, ~.y~.- - wwY3` v^i^~-