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Home My WebLink About1805 3. To p!ace and continuously keep on the b~i:dings now or hereafter s~?~ate on sa~d ~and and on at; ~-q~ip~nent and pe~sonally covered by this mo~ age, w:th all p~em~u~ns thereon pa:d m(uil, fue insurance ~n the usual stai:dmd po'icy form, in a aum a~.proved by thr MOR~GAGEi, and v~•~~~ds~o ~nsurante in the uaual sranda~d po:•ty form, in a wm approved by ~he 6\ORTGAGEE, in such tompany or to:npjn:es as the AtORTGA3EE m dntct; and all fire and w:nds~orm insuronce pol~c~es on any of said build~ngs, any interes? the~c~n or part ~h~reof, in the aggregaTC sum aforesa~d in excess Ihereof, shaU conta~n the usual standa~d mo:~9,gae' dause or such o~her cfauie as fhe Monyayee may requ.re, making ~he ioss undr~ se~J po c~rs, eath and every, pa~~b'e to said A\ORTGAGEE as ~~s interest may appear, and each and every such po::cy Sf~all be promptly ass g~:ed and de~~v,:red any held by sa~d MORIGAGEE as funher s:curity ro s~~d n,ortgage deot, and, not less ~han te~ (10) days in ad+a~~ce of the expiranon of each pot~cy, to d. Uver ro said MORlGAGEE a ~e~ewal thereof, toge~her with a rece~pt for the premium of such re~~e+ya~; and ihere s~~ail be ~o iue o. wi~~dstorm insuranc placed on any of said build~ngs, any interes~ there~n or part Ihereof, un!eu in the form and with the ioss po~aole as aforesaid; and in the rveM any sun of nwney becomes payable ~~zder s~ch poiicy o~ poLc~es said MORTGAGEE shall have the opt~on to rec_~ve and app!y thr same o~ a:count of the indebr•d ness secured hr~eby or ~o permn sa~d IAORTGAGORS to rece~vn and use it or any p~rt the:eof f::r o:~~• ~ ~.ur, os~s. :,.~i:o.:! ~h:•~ ~3 °"H°'' ing any equ~ty, licn ot riyht under w by virt~e of ~his mor'~age; and i~ the event sa;d MORiGAGORS sha!1 for any reason fail to kaep the said premisrs so Inswad, o~ fail to deliver promptly any of said pol:cies of insurante to sald MORiG.4GEE, or f.,~f p:on~ptly to pay fu:~y any pre~nium thcrefot or in a~y respect fa~l to perfo~m, d~sch;rge, executa, effect, complere, co:nply with and ab~de by th~s covenan~, or any par~ h~reof, said MGRTvAGEE may pi~te a~~d pay for such insur~nce or any part the~eof w~thout waiving or affecting any optlon, lien, equ~ty, or r~g~~! unJer or by vi~tue of thls Mortgage, and the FuII a~novnt of each and every such payment shall be immediately due and payable and shall brar int~rrst from tha date the~eof uniil p.;id at the rate o~ ~~ne per cenwm per annum and ta~_~h~~~ with such interest shaii be secured by tne lien of th~s mortgage. 4. To permit, tommit w suffer no waste, impairment ot deterioration of said property or any part thereof. 5. To pay all and singutar the cestt, charges and expenses, ~nciuding a reasonable anorney's fee and costs of abstracts of title, incurred w paid at .ny tin,e by sa~d MORiGAG:E, because or m the event of the fa~lu~e on the part of the said N~ORiGtiGOR to du;y, pro~nptly and f~lly perform, d~scharge. s.cwte, effeU, co~nptete, compty w~th and ab:de by each and eve.y the stipulat~ons, agrecments, cond~tions, and tovenants of.sa~d promissory note and ~h~s r.o~tgage any or e~ther, and sa:d costs, charges and expenses, each and every, shall be immrd~atety due and oaya~le; whether or not there be r,otice da n,;nd, attempt to coilect or suit pend~ng; and the tull amount of each and e~ery such payment st~all bea~ interev irom ihe date thereof until paid at the e~~ oF nine per cent~m prr an~~~.n; and oi+ >a~d cos~s, ci~a~ges and ex;~enses incurred or paid, toyether w,th wu. interest, shall be secured by the lien ef th~i mortgage. 6. That (a) in the event of any breach of this Mortgage os defaull on tF~ part of the A10RTGAGOR, or ;b) in the event any of sa:d sums of money herein rcfe+red to be not promptly and fulfy pald withi~ th:rty t30) days next afrcr the san,e severa:ly becane due and payable, wi~hout demand o~ nodce, or (c) in thr evem each and every the stlpu~anons, agreemems, cond~t~ons and covenants o! sa•d pro+n~ssory note and th~s mortgage any or eiiher are not iu'y, promptly a~d fully performed, d:scharged, executed, eifeUed, completed, compi~ed with and ab~ded Sy, ~hen in e~ther or any such event the sa~d ag- qregate sum menhoned in said promissory ncte then ~emaining unpa~d: with intere>t aarued, and aN monnys secured hereby, shall become dve and pay- a~ e lorthwith, or therralter, at the oprion of soid MORiGAGEE, as fuliy and completcly as if a~i of i6e said sums of money were or~g~na~ly st~pulated be pa:d on such day, anything in sa.d promis~ory note or in this Mort~age to ~he contrary notwithsta~~d~ng; and thereupo~ or thereafter at the opt~on of s: d MORTGAGEE, wirho~t notke or demand, wit at law or in equity, therefore w thereai~er begun, may be prosecuted as if all moneya secured hereby r,~ maWred pnor to ~ti institution. 7. That in the event that at the beginn;ng o1 or at any time pending any suit upon this Mortgage, or to foreclose it, or to reform it, or to enfor~e ~ a;ment of any ci~ims he~eunder, sa~d MORTGAGEE shall app~y ro the Court having jwisdiction thereof for ~he appoimmeN of a Receiver, such Courf shail rcrthwith appoiM a receiver of said mortgagrd property all and singular, indvd~ng aIl and singular the income, p~ofds, issues and revenues irom whate~er s~.,rce dcrived, each and every of wh~ch, ~t be~ng expressly undersrood, is hereby mortgaged as if speuficalty set forth and described in the granting and !~aoendum ciauses hereof, ar.d such Receiver shail have all the br;,ad and effective funct,ons and powps in anyw~se entrusted by a Co~rt !o a Receiver, and s~<h appoi~tmen! sha11 be made by s~ch Co~rt as an admitted equity and a matter of absolute right to said AlURiGAGEE, and w~~houl reierence to the adeqvacy or inadeqvacy of the value of the p~operty mortgaged or 1o the so:vency or ~nso~vency ol sa~d MORiGAGOR or thz defendants, and rhat wch c~,rs, profits, incane, issues and revenues shail be applied by such Receiver accord~ng to the tien or equity of sa:d h10RTGAGEE and the preuice of such Court. B. To du~y, promptly and (utly pe~form, discharge, execute, effect, complete, comply w~th and abide by eacfi and every the stipulations, agreements, :ond~tions and covenanrs m sa~d promissory note and thls mortgage set forth. 9. That in the ever.t the ownersh~p of the mortgaged prem~ses, or any part thereof, becomes vested in a person other than the MORTGAGOR, the :'ORTGAGEE, its s~ccessors ar.d ass~gns, may, without notice to the MORiGAOR, deal wi~h such successor or successor in interest with reference to this r,o~tgage and the deut hereby secored in tha same manner as with Mortgagor witFw~ut in any way vit~ating or dacharging the hlortgagors' liability here- ~-~der or upon fhe debt hereby sec~red. No saie of the pren~~ses hereby mortgaged and no forbe~rance o~ the part of the ?J10RTGAGEE or its svccessors or ass~gns and no exrens~on of the nme ior the payment of the debt h_weby secured given by the ~dORTGAGEE o: its wccessors or ass~gns, a~iall operate ~o re~ease, d~scharge, modify chanye or affect the origmal iiab:t:ty of the h:ORiGAGOR herzin, either in whole or in part. 10. !t is speufcalty agreed thar time is of the essence of this cororact and that no waiver of any obl~gat~on hereunder or of the oblegation se- c:,red hereby shal~ at any time thereafter be he!d to be a waiver of the terms hereof or of the instr~meN sec~red heiby. . I l. In a:id t:o~ to the foregc ~~~7 ~nenth!y payments of princ pai and interest required by the prom'sscry no!r s^cured hereb~, mortgagor tovenaMs ,•.d agrees to pay to mo~tgay_t v~~th eech n,onrh:y pay;.,e~~t an aad~riona~ sum est:n:ated by mortgagee to be eq~a~ to 1;' 12 of the an:wal cost of the foilow- ,~3: A-All rcal property taxas le.~_N o* assesscd agai•,st tnc above describcd real estate. B- Fr~~~,~u•ns on firc ar.d v~indstonn ~nsurar.ce as here~n requ~red to be carried e~ the :mproveme~ts s~tuate on the above d~scribed premises. C-Premiu~ns on s~ch n:on~: ge g~aranty ir.s~rar,ce as mo~tyagee shaN froT t me to ti~ne deem fit to carry on the loan sec~red hereby_ 1.tortgagee sha':I frc~n un:e to t;n:e nct;fy mortyagor in writing of the amou~t d~e and payable hereundtr and such su~~ sha:l tL•erevpon be due and j ;,,,ble en ~he due cian~ oi ~h: nerr moMh: f payment and each successive month thereafrer ucr~~ mcrtgagee sha!1 no~;fy mortgagor of a change in such { , ount. Such sums s~a:i be app:ird by mortgagee toward the payment of real properry taxes, insurance prem:ums, and mortyage guaranty insurance ;~~•c:niums. ~ ~ IN 4'~lTPJESS `:.'H;RCO~, th sa~d MORTGAGOR has hereunto set his hand and seal the day and year first af~resaid. j •Si~ned, aled deliv ed in he presence of: ' L ' L 1 al) Margar Z. Gr n a single~~ult ` ' 1 (Seaq ~ - - lSeal) S~ATE Of FLORIDA ~ 1.UC 1@ ~ COUNTY OF St . ~ Before me personally appeared ~''~?rgaret Z. Green, a single aCjlllt _ ~~X ~iL7f~EK to me well known,~nd~ly~w0~~o iiN to be rha individua described in and who executed the foregoing instrument, and acknowledged before me that ~eexecut~ti~~the~s~+2e f6ri~~he plrtposes ~ . o the!ein expressed. 7~p~f9C~f3QX , ' ; r x~exxx~c~c-- = ' ~ ' ~~a~wt~c~HK~ ~ Wticx ~ex - ~~a~oe~p~mcocx~xx~cxaoc~fc xxdw~C~i~ca~~E~~~~~tx x~sV~a~aotx~ma~mcsaK ~txatacaAalt~xer~wc x ' . : ~ WITNESS my hand and oifiual seal this_ .?-~1~ day of $e tember V.. 'q. 72 y:d l , : „ _ ~ ; ~ : ;,a - sy Notary Public in a~d for the• at .~iorida.al'l,r~e~ ~ My Comm~ssioo expires: / ~ ~ ~ ~ ~ ~ ~ Return To: NOTARY'RU LIC,'SfA E ot FLORIOA et LARGE ~ F'ust Federal Savings 3 loa~ Aswc~at;on MY COMMISS~bN blPiRES SEPT. 25, 1975 of F~~r v~:~.~. Bonded By American Bankers Irnurance .:o. 'Fort Pi•~rce, floricl3 Fue~ e+~E ~uc~co~~~~~ ~ This Instrument Prepared By ; John W. Collins ~~E KCC+RCy~TR~~ ~ First Federal Savings 8~ Loan Assouation RECORQ yEp~Fjp~ ~~~Rf ~ ~ of Fort Pierce~ Florida 33450 ~ww+L Checked BY - ~ 1~ 4 t~ PM r?Z : - g~oxz06 p~~1$0z z~sss c ~h~ _ " ~ . . - - ~