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Home My WebLink About1417 ti 3. To piace and continuovsly keep on the bui:d~ngs now or hereafler situate on said land and on ali equip~nent and personally covered by this ma ege, wirh all pre~n~ums ~hereon p~~d ~n fuli, firo insurance in the uwal s~arrJard policy form, in a sum approved by the MORiGAGEE, and windsto ~r~suran;e in rhe us~al srandard pot~cy form, in a sum approved by the MORTGAGEE, in svch company or compan~es as the MORTGAGEE m d~rec~; and all (ire and w~ndstorm insurance polic~es on any oi said build~ngs, any interest therein or parl thereof, i~ the aggrega~e s~m •foresaid in extess Ihrreof, shatl :ontain tha usual standard mortgagee clause w such other t~ause as fhe Mo~tgagee may req~.re, making the ioss under aa~d po c~ ~s, each and eve.y, payab!e ~o sa~d h~ORiGAGEE as i~s in~erest may appear, and each and every suth po:~cy shall be promp~ly ass gned and detivered ~ an~ h~ld by sa~d MORIGAGEE as iu+~F.er securiry to uid mortgage debt, and. ~ol less lhan len (10) days in ad+ance oi the expirat~on of each pol~cy, to d~ I;~er eo sa~d MORTGAGEE a renewal tbe~eof, togethzr wi~h a rece~pt for the premium of such ~ene~ral; and thero shall be no f~re or w~nds~o~m insuranc p!aced on any o( sa~d buifd~nys, any intcrest the~ein or part thereof, unless in the form and wifh the loss payable as aforesaid; and in the evenf any sun of money becomes payabfe uocier such poficy or policies said MORTGAGEE shall have ~he opt~on to receiva and app!y the same on accounl oi the indebted n~ss secur¢d hereby or !o perm;t said MORTGAGORS to roceive and use it Or any part thrrtv! ior o:iicr purr~oses, v.:~ho~t th~r.u,r wei~:~3 cr ~mpair irg any equ~ty, lien or right uncler or by virtue of this mo::gsqe; and in the event sa:d MORTGAGORS shall for any reason fait fo keep the said premisas so :nsured, or iail !o delive~ promprly any of said pol~cies of insurance lo said MORTGAGEE, w f.;il promptly to pay fully any pre~»ium therefor or in any respec~ (ail to perForm, d~scharge, execute, eiFe.t, complete, comply with and abide by this covenant, or any part hareoi, said MORTGAGEE may pface and pay fw such insurance o~ any part thereof without waiving or affecting any option, Iien, equ;ty, w right under or by virlue of this hlortgage, and the !u11 a~nount of each and every s~ch payment shall be immediately due and payable and slwll bear interest irom the date thereoi until paid at the rate of nine per tenturn per annum and to~ether with such interest shali be secured by 1Fe lien of this mwtgage. 1. To permit, commit or suffer no waste, impairment w detrrioration oF said property or any part the~tof. 5. To pey all and singular ~he costs, charges and expenses, includ~ng a reasonable attorney's fee and costs of abstrads of title, incurred or paid at 3ny tirtte by sa~d MpRiGAG:E, because w in ~he event of the fa~lure on the part of ~he said MORTGAGOR ~o duly, pron,ptly and fulty perform, d~scharge, e.~ cuTe, effect, complete, comply w~~h and ab;de by each and every the st~pulat~ons, agreements, cond~tfons, and covenants of sa;d pranissory nate and th~s ; n:ortgage any or eithe~, and said costs, charges and expeoses, each and every, shall be immediately due and payabte; whether o? not there be notite d~ n,and, attempt to cottect or suit pending; and ?he full amouN of each and every such payment shall bear interezt from the date thereof until peid at the ~,.rc o~ nine per cenrum F;er anuum; and al! said costs, charges and expenses incurred or paid, together wdh such intgrei?, shall be secured by the lieo of thli mortgage. b. That (a) in the event of any breach of this Mortgage or default on tF~ part of the A10RTGAGOR, or (b) in the event any of said sums of money hcrein refe~red to be not prompNy and fuNy paid wirhin thirfy (30) days next after fhe same serera:ly become due and payable, without demand or notice, or (c) in the event each and every the stipulations, agreements, condit~ons and covenants of sa;d promissory note and th~s mortgage any or either a~e nal ~~;y, promptly and fuiiy performed, d;scharged, executed, eifected, comp~eted, compifed with and ab~ded 5y, then in e+the~ or any such event ?he said ag arcgate sum memioned in said promisswy note then rema~ning unpaid, with interest accrued, and a~l moneys secured hereby, shall become due and pay- a~:e fo~Thwirh, or therea(tcr, at Ihe option of said MORTGAGEE, as fuliy and completely as if all of the said sums of money were originaily sGputated ro be p~;d on such d~y, anything in sa:d promissory note or in th;s Mortgage to the contrary r.otwithst~nding; and thereupon o~ thereaiter at the option of s-.J MORTGAGEE, without notice or demand, suit at law or in equity, therefore or thereaher begun, may be prosecuted as if all moneys secured hereby r:d matured pnor to Js in=titution. 7. That in the event that at th~ beginning of or at any time pending any suet upon th;s Mortoage, w to foreclose it, or to reform it, or to enforce ;-ayment of any claims hereunder, said MORTGAGEE shall apply to the Coun having ju~isdidion thereot ior the appoiroment of a Rectiver, wch Court sha11 rc;thwith appoint a reteiver of said mortgaged propeny all and singular, includ~ng atl and singular the income, profits, issues and revenues from whatever s_ v•ce dcrived, each and every of wh~ch, it being expressly unde~stood, is hereby mortgaged as if spec~iitally set forlh and desuibed in the granting and ~~::endum ciauses hereof, and such Receiver shall have all the broad and effective furtct~ons a~d powers in a~ywise entrusted by a Court to a Receiver, and s ch appointment shalt be made by such Court as an admitted equity and a matter of absotute right to said MORTGAGEE, and withoul reference to the ~~i,auacy or inadequacy of the value of th¢ properry mortgaged or to the so~vency or ;nsotvency oi said MORiGAGOR or the defendants, and thaf such ~~s, proiits, incane, issues and revenues shall be applied by such Recefver according to the fien or equity of said MORTGAGEE and the p~actice of such Court. 8. To duty, promptly and fully perform, discha~ge, execute, effe~t, complete, comply with and abide by each and every the stipuiations, agreements, _~,d~tions and coienams ~n sa~d promissory nore and Ihis mortgage set fwth. 9_ That in the event the ownership of the mortgaged premises, or any part thereof, becomes vested in a person other ihan the MORTGAGOR, the :~RTGAGEE, its successors and ass~gns, may, without notice to the A10RTGAOR, dea~ w~th such successw w successor in imerest with reference to this ~•~gage ar.d the d_bt hereby secured in the same manner as wuh 1~lortgagor without in any way vitiating or d~scharging the Mortgagors' (iability here- .•:ier ~yr upon rhe de~s hereby secured. Mo sale of the prem7ses hereby mortgaged ar.d no fo~bearance on the part of the fJ10RTGAGE@ or its successors assigns and no exrens~on of the time for the payment of the debt hereby secured g~ven by the MORTGAGEE or its successors w auigns, ahall operate ro re~ease, d~scharge, modify change or affect the orig~nal tiability of the MORiGAGOR he~ein, either in whole or in part_ 10. It is spec~ficatiy agreed tha? time is of fhe essertce of this contract arrd that no waiver o! any obligat~on he?eunder or of the obligation se- ._red hereby shaU at any time thereafter be he:d to be a waiver of the terms hereof w of the instrumeN secured herby. 11. 1~ aud.t~o~ to the forego'rtg ;nonth!y paym~ms of princ'pal and interest required by the p~om;ssory note z.cured hereby, mortgagor covenants ~ i agr~es to pay to mortgagee with each manthiy payrneM an adJ~tional sum esfimated by mortgagee to be equa! to 1 i 12 of the annua! cost of the follow- ~ A-All rtal property taxes ~evied or assessed against the above described real estate. B-Prem~w:~s on t~re a~d vvirsdsty.m insurance as herein requ~red to be carried on the improveme~ts situate on the above dascribed premises. C-Pre:n~umz on such mortgage guaranty ir.surante as mortgagee shali from. t:me to time deem fit to carry on the loan setured hereby. Mortgagee sh~;! !rom tirne to time notify mortgagor in writmg of the amount due and payable hereundar and such sum shali thcreuppn be dve and +b!e on the dur da!e oi +he next month!y paymem and each wccessive month thereaft=r uctil mortgagee shall nmify mortgagor of a change in such .;nr. Such wms shaii Ee app[ied by mortgagee toward the payment of real property tazes, insurance premiums, a~~d mortgage gua~anty insurance ~ ~~~.i~ms. IPJ \'~ITNESS 'hHERiOF, the said MORTGAGOR has hereunto set his hand and seal the day and year iirst aforesaid_ S~ ned, Sea!ed and,delivered in the p?esence of: ~ ~ . _ sn ~ Wini ed McDaniel ~~s~~ {Seaq (Seaq S;ATE O~ fLORIDA ~ : St . Lucie ~ '~:~U~.ITY Of ~ Before me personally appeared Winifred Mc~aniel, a sirtqle -aduit ~ ~ hi~s"r!~!, to me welt Icnown'amd,,ffnown5fo me to be ind~vidval~ described in and who exewted the foregoing instrumeN, and acknowledged before me that ~he,~ executed t6e:same'~F,Qr 1he purposes *ein expressed. l~d~ht~i~ ' • - • _ 7C~aJ7Fq~ii~ ' ~ •.1~~~~ ~ ~ ' i -m~~~'~s~~~~~~~'~cmd ~srd~s4Daas~fa~tst~lt~wo.rt~d~ ~alRCOmaRtfi~l~~mtas~Rs~- ?+m~e~ec~mthaels~b+a~ses~om~app~lm~ttwr.ar/~eae~ar~mm3rorsat~laxba'rR~ = : v ~ ~ : _ WITNESS my hand and official seal this ~~~(..fL day of $e tember. A. D: 19 72 r , j !'f' 2' _ ~ • Z, Notary Public in and for~ ~e•pf,~brid~t4irge Return To: My Commission expires: . . First Federal Sa~i~gs 3 toan Association NOTARY PIIBLiC. STATE of FCORIDA At lARGE of FoTr P,e:ce. MY COlV{:.11SS{ON EXPIRES 3EPT. 25, 1975 bon~c4 6y Amer~can Bankers Insur~nce Co. Fort Fierce, Flo•id3 ' ~~~lUC1E C0~ ~ i~~. ~aaea Po+~~s l This Instrumeni Prepared By Richatd K. Kayes ~«RK Ct3CU~T COURT First Federal Savings & loan Association R[CORR YE~I~iIED of Fort Pierce! Florida ~ 4? Checked By~_ ;~333C11 ~14i4 . ~ ~ _ _