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Home My WebLink About1922 3. To p!ace and cont~nuous~y keep on the bui'd~rgs now o? hereafter situats on sa~d land and on all eq~ip~nent and personally covered by this mw ege, wl~h all prem;ums ~hercon pa:d in full, fire inswanca in the usual s~a~dard pol~cy form, in a sum approved by the MOR~GAGEE, and windsto insurance in ihe usual ftandard pof~cy form, i~ a sum approved by Ihe MORTCsAGEE, in such tompany or tompames as the MORTGAGEE m di~ect; and all fi~e antl wlnds~orm insurance po~~ues on any oi sa~d buitd~ngs, any inle~est lherein or parl lhereof, in the agg~ega~e sum aforesaid in excess thereof, shall contain 1he usual standard merrgagee c~ause o~ such olher tlause as Ihe Mortgagee may requae, making tFe loss unda~ sa~d po c~es, each and evcry, payab'.e ro said h~ORTGAGEE as ~~s interzst may appear, and each and every such poi~cy shall be prompt~y ass gned a~~d delivared ti any held by said MORfGAGEE as funher security to said mwtgage debt, and, not less than ten (10) days in ad~ance of th2 expi~at~on of each poGcy, to d. I;ver to sa~d MORTGAGEE a~enewal thereof, together with a receipt for the premium of such renewal; and ihere shall be no f~rs or windstor~n insuranc plated on any of said buildings, any interest therein w part thereof, unless in ~he form and with the loss payable as aforesaid; and in the event any s~n of money becomes payable undr~ s~ch policy or policias said MORTGAGEE shall have ~he opt~on to recaive and apply the same a+ account of the indabted ness secured hereby o~ to pe~mit said MORTGAGORS to receive and uss it w any part thereot for o:ner purF~csc•s, v.~'ho~t ~h.+co~ .va~.+.~g u~ ~~+~p~~~ ;ng any equ~ty, lien w right under or by virtue of this mo:t9age; and in 1he evem sa~d MORTGAGORS shall Eor any reason fail to keep the said premises so insured, or (ail to deliver pranptly any of said po~~cies of insu~ance to said MORTGAGEE, or fail prompsly to psy fufty any pre~n~um thcrefor or in a~y ~espec~ lail lo perform, d~scharge, execute, effect, complete, comply wi~h and ab~de by this cov?naN, or any pa~t hrreof, said MGRTGAGEE may p~ace a~~tl pay for such i~surance or any part lhereof w~thout waiving or affacting any option, lien, equity, or r~ght under or by virtue of ~his Mortgage, and the f~~l amoum of each and e.~ery such payment shall be immediately due and payable and shall bear interest irom the date thereof until paid at ihe rate o1 n~ne prr cemum pe~ annwn and to~ether wirh such ~nterest shal{ be secured by 1he lien o( this mortgage. 1. To permit, commit,or suffer no waste, impairment w deterioratio~ of sa~d property w any part thereof. S. To pay all and singular the costs, charges and expenses, including a reasonable at~wney's fee and costs of abstracts of title, incurred o~ paid at iny fi~ne by sa~d I~IORTGAG:f, beca~se or in the event of the fa~Iure on the pari of the said MORTGAGOR to duly, pranptly and fully perform, d~scharge. executa, e~fect, complete, compty wAh and ab;de by each and eve?y the stipulanons, agreements, cond~tions, and cove~ants of said promissory ~ote and this .T~ortgage any or ei~her, and sa:d costs, charges and eapenses, each and avery, shall be immediately due and payable; whether o? not there be not~ce dr mand, attempt to cotlect or suit pend:ng; and the (ull amount of each and every such payment shall bear interest from the date thereof untit paid at the r,;re oi nine per centum ~r annu:n; o~d alt said costs, charges and expenses incurred er paid, t~gether wdh such ~nterest, shall be secured by the i:en of this ~ mortgage. ~ 6. That (a) in Ihe event of any breach of this Mortgage or defa~(t on the part of the MORTGAGOR, w(b) in the event any of sa:d sums of money F.erein referred to be not promptly and fully paid wirhin th~rty (30) days next after the same severaliy beconie due and payable, without demand or notice, or (c) in ~he event each and every the stipulat~ons, agreements, cond~rions and covenants of sa:d prorn~ssory note a~xl th~s mortgage any a eiiher are no~ iuly, promptly and (ully performed, d~scharg~d, executed, effected, compteted, comptied with and abeded Sy, then in e+ther or any such event Ihe said ag gregate sum mentioned in said pro~nissory ncte then remaining unpaid, with inte~est accrued, and ail moneys secured hereby, shatl betome due and pSy ab:e forthwith, or therea~~er, at the oprion of said MORTGAGEE, as fully and ton+pletely as ii alt of the said sums of money were or~ginal~y st~pulated to be pa:d on such d~y, anything in sa:r! pro~n~ssory note w in this Mwtgage to the contrary notwithsiand~ng; and tM:reupon o~ thereaiter a~ the opt~on of s,.d MORTGAGEE, w~thout nonce or Jemand, svit at law or in equity, therefore or thereaiter begun, may be prosetuted as if all moneys setured hereby n,:d matured pnor to its institution. 7. That in the event that at the beginning oi o~ at any time pending any suit upon Ihis Mortgage, w to foreclose it, or to reform it, or to enforce payment of any tlaims he~eunder, said MORTGAGEE shall apply to the Cou~t having jui~sd.a+on thereof }or the appo~ntment of a Receiver, such Court shaN fcrehwith appoint a receiver of said mortgaged property all and s~ngular, incl~d~ng all and singular the income, prof~ts, issues and revenues irom whatever sou~ce derived, each and every of wh~ch, it being expressly understood. is hereby mo~rgaged as if spec~fically set forth and dexribed in the granting and V,3bendum clauses hereof, and svch Receive~ shall have all the broad and effective funct~ons and powers in anywise entrusted by a Court to a Receiver, and s_ch appoinrment shalt be made by such Court as an admitted equity and a matte~ of absolute right to said MORTGAGEE, and without reference to the ad_quacy or inadequacy of the value of the property mongaged or fo the soivency or insofvency of sa~d MORiGAGOR or the defendants, a~d thal such rems, profits, incorne, issues and revenues shall be applied by such Receiver according to the lien or equit~ of said MORTGAGEE and the practice of such Court. ` 8. To duly, promptfy and fully perform, discharge, execute, effed, complete, comply with and abide by each and every the stipulatio~s, agreements, conditions and covenants ~n sa~d promissory note and this mortgage set forth. 9. That in the event the ownership of the mortgaged premises, w any part thereof, becomes vested in a person other than the MORTGAGOR, the ~•.~RTGAGEE, its successors and assi~ns, may, without notice to the MORTGAOR, deal with such successa a successor in interest with reference to this ortgage and the d_ut hereby secu:ed in the same manner as with Mortgago~ withoot in any way vitlating or dacharg~ng the Mortgagors' liability here- under or upon the debt hereby sec~red. No sale of the premises hereby mortgaged ard no forbearance o~ the pan of the 11lORiGAGEE or its successors or ass~g~s and no extens~on of the time for the payment of the debt hereby secured given by the MORTGAGEE or its successws or ass~gns, a~~all operate ro re~ease, d~scharge, modify change or affect the original liaoil~ty of the MORTGAGOR herein, either in whole or in part. 10. It is spec~fically agreed that time is of the essence of ?his contrad and that ~o waiver of any obl~gation hereunder or of the obligation sr cured hereby shall at any time thereafter be hetd to be a waiver of the terms hereof or of the instrument secured herby. 11. In add.tio.~ to the forego ~~g monthly payments ot princ pal and interest required by the prom~sscry no!e s.cvred hereby, mortgagor covenams 3«d agrees to pay to mortgagne with each month!y pay~.ient an add~rional sum esrm,ated by mortgagee to be equal to 1; 12 of N~e annual cost of the follow- ~n~- •A-RII real property tax:s lev~ed or assessed against the above described real esrare. 6-Pr~rrw~ns o~ fire and wi~dsrorm ins~rarce as nere~n requ~red to be carried on the ]mproveme~ts s~tvate on the above d=scribed premises. I C-Premiuens on such mortgage guaranty ir.surar.ce as mortgagee shatl from t:me to time deem iit to carry on the loan secured he~eby. ~ Mortgagee s!~aEl Srom ti~ne to time notify mortgagor in writing of the amount due and payable hereundrr and such sum shatl thereupon be due and ~ ,;able on the due oate of the ~ext month:y payment and each successive month tnereafrr until mortgagee shall notify mortgagor of a change in such ~ :'•ovnt. Svch wms shail be app!ird by mortgagee toward the payment of real property taxes, insurance p~em:ums, and morfgage guaranty inwrance E ;>~emiums. IN \'lITPJE55 '+'JHER~ F, the said AM1ORTGAGOR has hereunto set his hand and seal the day r firsl aforesaid. ~Sig , Se snd eliv red in the presence of: ~ (Seal) j ene E Houle ~aq ~ c5ea1) _ Patr ic ia /Houle ~~aq A. i 57ATE OF flORIOA • 1 St. Lucie } ~ ~OUlJTY OF ~ Befwe me personally appeared Rene E• HOtll@ and Patricia Olll@ his wife, to me well known and known to me to be th_ individuafs descr~ in and who ezecuted the fwegang instrument, and acknowledged before me that they executed the same for the pvrposes rhe+ein expressed. And the said PatI1C la~OLll@ _ J.~fe of the said Reil~ C' • Houle A• , upon a separate and private exam~naKon by me taken separate and apart from her said husband, atkrawledged to and before me that she executed said instrument freely and volun- ~ ra~+iy and without any compulsion, constrai~t, apprehens~on, o~ear of or from her said husband. } p ' Se tember 72 WITNESS my hand and official seal this~(~ day of A. D. 19 ~ ~ Notary P c in and for the te of Florida at Larg~ My Co ~ssion expires: G~ J O Return To: • : ' First Federal Savings S loan Association ~ t,~.~~~~r,,, ;:-T~~;'( n~!~"!f SInTF OF FlORIOA AT IAR~it Of Furt P:e:[e. ,•U~Y ~n~~t4fSS10N EXPIRES AUG. 6. 197~ j Fo~t Pi~rce, Florida , ~ ~ ' 6E~dERAI IMSURANCE UNDERWRI?ERSr ~NC~ i ' , ~ - . f LED ANO IIECOR~Ep ' / " f ~ ' . . T ' - - ' , ~ = ~ S~. LUCIE COUNtY lA. C Ronald L. S~utz' ROGEC~ PD~jRAS This Instrument Prepared By~ t,. ; ~~ERK C~a~~~t COU~ a~~ First Federal Savings 8 Loan Association . ~ f~'" aECORn vE"~iEo of Fort Pierce ~ Florida 33450 " t Du n~ ~ ~ : ~ ~ Z5 q il , Checked By 17~-- • ~ ~ 23862~ g~QK~O~ r~`i~i~19 ! j . - - ~ . r _ + ~ . . ,