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Home My WebLink About1918 3. To ptace and con~inuousty keep on the bui!dings ~ow w hereafter ~~tuate an said land and on all equip~nent and persona~~y covered by this mw age, w~~h all p~emiums ~hrreon pa:d in full, fire insurance in ~he uaual srandaid poGcy (orm, in s sum aEproved by the MOR~GAGEE, and w~nds~o ~nsurance in the usual standard pot:cy form, in a sum approved by ~he MORTGAGEE, in s~th company or to~npan~es as ~he h10RiGAGEE m d~red; and all fire a~d w+ndsiorm insurance policies on aay of sa~d build~ngs, any interest Therein or pa~t thereoi, in the aggregafe sum afo~esaid in excess thereof, shall contain the usval standard moitgagee cfause or such othe~ dause as the Mortgagee may requ~~e, making Iha ioas under sa~d po urs, each and every, pa~rabte to said 1+10RTGAGEE as its inieresf may appear, and each and every such poticy shall be promptly ass g~ed and delivered i any held by sald h10R1GAGEE as (urrher security to sa~d mwtgage debt, and, nor less ~han ten (10) days in ad~ance of ~he exp~~ation of each pol~cy, to d. Gver to said MORiGAGEE a renewal thereof, together wi:h a receipt for the premlum ol such renewal; and ~here shall be ~w f~re o~ windsto~m insuranc placed on any ol said bu~ld'+ngs, any interest there~n or parr thereof, untess in ~he form and wiih the loas payable as aforesaid; and in the event any sun of money becomes payabte under such policy o~ poGcies said MORTGAGEE shall have the opnon to rece~ve and apply ihe same on account of the indrbted ness secured he.eby w to permit said MORTGAGORS ro receive and use if w any pa~1 the:eoi fo~ o,i~._~r µurE•~ses. ~v~~hc~t th_r,ur w~w~~3 0~ ~~np~~~ ing any equity, lien or r~ght under or by virtue of this mo:'gage; and in the event sa'd MORTGAGORS shall fo~ any reason fail to keep 1he sa~d pre~n~ses so ; ~nsuied, o~ lail 1o deliver promptly any of said pohcies o( inwrance to said MORTGAGEE, w fail promptly to pay fuNy any prem~um theretor or in a~y ~ respect fail ~o pe~form, discharge, execute, eifect, comp!ete, comply with and ab~de by th~s covenant, w any part hareof, said MORTvAGEE may place a~~d pay fw such insurance or any parl thereof w~thout waivir.g or aifecting any option, lien, equity, or ri~ht under w by virtue of th~s Mo~tgage, and the full a~nount of each and eve~y such payment :hall be immediatety due and payable and shall bear interest from tha date thereoi until paid at the rate oi n~ne pe~ centum per annum and rogethar wiih such intarest sha~i be secured by the lien of this matgage. 4. To permit, commit or suffer no was!e, impairment w deterioration of said property or any part thereof. S. To pay all and singular tFx costs, charges and expenses, including a reasonable attwney's fee and costs of abstracts of utte, incu~red or pa~d at nny time by sald y10RTGAG:E, because or in the evem of the failure on the part of ~he said MORiGAGOR to duly, pro~~p~~y and fully perfwm, d~scharge, ~ exetute, ef(et~, complete, comply w~th and ab,da by each and every the stipulauons, agreements, cond'rtions, and coveoants of said praoissory note and this s ~:ortgage any or e~ihe., and sa~d cosTS, charges and expenses, each and every, shall be immed~ately due and payable; whether or not ~here be nonce dr l m.;nd, atte~npt ~o co~Iect or suit per.d~ng; and Ihe full amount of each and every such payment shall bea. inrerest irom the date the~eof until paid al the i r.~ie o+ nine per cent~m per an~~u:n; and all said costs, charges and expenses incurred or paid, together with wch inter~sl, shall be secured by the lien of this ! i mortgage. 6. That (a) in the event oi any breach of this Mortgage or default on ttr part oi the MORTGAGOR, or (b) in the eve~t any of said sums of money E hrrein referrad to be not pro,nptly and fu~ly paid wirhin th~r~y (30) days next atrer the same severa:ly become due and payable, without demand or notice, e~ (c) in thr event each and every the stiputat~ons, agreements, cond~tions and covenants of sa:d prom~ssory oote a~d th~s mortgage any or either are no1 E iuty, p?omprly and tutty perfo~med, d:scharged, executed, effected, completed, complied with and ab~ded Sy, then in either or any such eveM Ihe aaid ag ~r~~gate sum mentioned in said pro~nissory note then remaining unpaid, with infere;t accrued, and atl moneys setured hereby, shall become due a~d pay no e forthw~th, or ~herea4ter, at the opt;on oi said h10RTGAGEE, as fully and completety as if all of the sa~d sums of money were ongioa~ly snpu:ated ro be pa~d on such d~y, anything in sa:d promissory note or in this Mortgage to the contrary notwithsranduig; and thereupon or thereafter at the op~~on of s>.ci MORiGAGEE, w;thout not~ce w de~nand, suit at law a in equity, therefo?e w thereafter begun, may be prosecuted as ii all moneys secured hereby n~d matured pnor to ~ts institution. 7. That in the even! that at the begi~ning of or at any time pending any suif upon this lNortgage, or fo foreclose it, or to reform it, o? to enforce F~yment of any claims hereundei, said MORTGAGEE shall apply to the Cour1 having.jurisd~ction thereol for Ihe~appointment of e Receiver, such Court shall tc: ~hwith appo~nt a rece+ver of said mortgaged p?operty all and singular, includ~ng aIl a~~d ~u~gutar the income, pro!rts, issues and revenues (rom whatever s. ~:rce derived, each and every of wh:ch, it being ezpress~y understood, is hereby morrgaged as i4 spec~fica~:y set iorth and described in the granting and 1• ~t;endum tla~ses hereof, and such Receiver shall have all the broad and effective funct~ons and powers in anywise entrusted by a Court to a Receiver, and s_ch appointment shall be made by such Court as an admitted equity and a matter of absofute right to said MORTGAGEE, and without reference to the a_'~=quacy w inadequacy of the vatue of the proper!y mortgaged or to the soivency o~ msolvency of said MORiGRGOR or the defendams, and that such ,rs, profits, inco~ne, issues and revenues shail be app{ied by such Receiver accord~ng to the tien or equity oi said MURTGAGEE and the practice of such CGUf1. 8. To dufy, promptty and fuliy perform, discharge, execute, effect, comQlete, comply wirh and abide by each and every the stipulations, agreements, ;~nditions and covenants fn sa~d promisswy note and this mortgage set fwth. 9. That in the event the ownership of the mortgaged premises, or any part thereof, becomes vested in a perwn other fhan the MORTGAGOR, the t'.CRTGAGEE, its successors and assigns, may, without notice to the MORTGAOR, deal with such sutcessor or s~ccessw in interest with reference to this ~rtgage and the d_ot hereby secured in the same manncr as with Mortgagor without in any way vitiating o? dixharging the Mortgagors' liabitity here- ,.,~,der or upon the debt hereby secured. Mo sale of the prem~ses hereby mortgaged ar.d no forbearance on the pan oi the MORiGAGEE or its successors ~ or ass~~ns and no ex!ens~on oi the time for the payment of the debt hereby secured given by the MORTGAGEE o: its successors or au~gns, a~~all operate ' ro release, d~scharge, modiiy change or affect the origi~al liao~{ity of the MORTGAGOR herein, either in whole or in part. 10_ It is spec:ficaisy agreed !haf time is of the essence of this contract and that no waiver of any obligatlon hereunder or of the obligation x- ~ c~red hereby shal~ at any time ~hereatter be held to be a waiver of the terms hereof or of the instr~ment secured herby. ~ 11. In aud t:e~ to rhe forego:ng month!y payments of princ pal and imerest requ~red by the prom:sscry no!e secured hereby, mortgagar eovenants ,,d agrees to pay to n:o:tgagee wiih each monrhly pay~~,ent an add:rional sum estmiated by mo~tyagee to be equai to 1; i2 of the ann;ral cost of the follow- ~ j: A-Afl real propert~ taxes levied or assesz_~d agaiost the a6ove described real estate. ~ B- Fr_rn~u•ns on fire ar.d wir.dstorm insuracce as herein requ~red to be carried on the :mp:oveme~ts s~tuate on the above described premizes. { C-Pre~ni~n i o~ such mortg;ae guaranty ir.surance as mortgagee shait from. t~me ~o ti~ne deem fit to carry an the loan.secured hereby_ ~ J.lortgagee sha ! from t~n:e to time notify mortgagor in writing of the amount due and payable hereundar and suth sv~n shail thereupon be due and ~ abfe on the doe date of the next n:onth'.; paymeait and each successive month rhereaftcr until mortgagee shall notify mortgagor of a change in such ~ ;.ount_ Such su~ns sha:l be apE~lied by mortgagee toward the payment of real property taxes, insurance prem:ums, and mortgage guaranty insurance ~ : ~~emiums. ~ IN Y~ITNE55 VVHEREOF, the said MORiGAGOR has hereur.to set his hand and seal the day and year first aforesaid. ~ Signed, Seated aqfd~d~iver Sn the presen of: ~ ~ 1 n _ ~ ($!A~) ~ ! ' Y . C . )ame~ Srorn (se,q ~ ~ ' ` (Sea1) Lena Brawn - c~ai) ~ ST.. OF LORIDA ~ SS. =OU~dTY Of St . Luc ie ~ Before me personalty appeared .7d-~5 BrOMII snd ~I. @Tla3 B rO'Mri ~ h~s wife, to me well know~ and know~,tp ~ile to' be in~ividua[s described in and who executed the foregoing instrument, and acknowtedged befwe me that they executed the same'foe.~t~'~iurposes ~ _ : . !h_•ein expressed. And the said Lena BrOwfl _ r.~ie of the sa~d J~eS BZA~II vpoA a~. rste and~priv~t~ e.amination by me taken separate and aaart from her said husband, atkrawledg ~ and before me that she execyted said infirumR`pl fr~ely(~nd volu~i- ~ ~•~iy and w~thout any compulsion, constraint, apprehensi n, o fear of or from r said husband. • ~ ~ ' ' ~a_- ~ WITNESS my hand and oiiicial seal this__ ~ day of $e em r , V a. p. t9 , ' i ~ = ~ = $ _ C1C1.~~ ~ ' ~ -!i~ ~ Notary Public i an for the State of Florids- a!. Lar~ ~ ~ My Comm~ssion eapires: ,I ~ S!/,T,F ' r' ~ ~ ~ Return io: . l,~ ~ , i ~ first Federa) Savings b Loan Associat~on • Of Fort P,e:ee. fort P~ercc, Nor;Ja , ~ . j E ~Ep ANO aEC0R~E0 C i~. t~}CIE COi1Nt'f r, ~ This Instrument Prepared By: J. H. Roberts ~ Jr . pOCER PO~j~~S i First Federal Savings 8~ Loan Association G~ERK C~ACU~~ ~OURT ~ ~ of Fort Pierce , Florida 33450 RECORO YEP.1F1E0~' ~ ~ f~ a ~M'1z ~ Checked By~~~ ~ ~ 238623 R ~ ( ~ R(~rr~O~ +'"i~sv1~ ( t h? 4.V- _ LL . " . . ~ ~ ' .n ~ ~J ~ _ y x~ n a3~:~5~- . . . c