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Home My WebLink About1926 . • v 3. To place and cont7nuously keep on the bu~!d~ngs now or fiereaiter s~tu~te on said Iand and on all eq~ipment and personally cove~rd by this ma age, with al) prem;ums fhereor~ pa:d in iull, fire insurance in liie usual s~andard po~~cy form, in a sum approved by the MOR~~3AGEE, and w~ndsto ~nsurance in the usuai standard pol:cy fam, in a sum approved by the MORIGAGEE, in such company o~ co~r+pan~es as the htORTGAGEE m direct; and aIl fire ar.d w~ndstorm insurance pol~c~es on any of said buifd~ngs, •ny i~tereat therein or part thereol, in the aggrega~e sum afo~esaid in excess thereof, shall contain the usual standard mortgagee clause a such o~her tlause as Ihe Mortgagee may ~equ~ro, making the ioss under sa~d po cies, each and every, paya5lp to said htORTGAGEE as its ineeres~ may appear, and each and e~ery such po~~cy shall lx p~omptly ass gnad and detivered ~ any hetd by sa~d h10RfGAGfE as further s=c~riiy ~o said mortgage debt, and, not less than ten (10) days in advance oi the expirat~on of each policy, to d~ ~lver to said MORiGAGEE a renewal thereof, ~oge~her with a rece~pt for the premium of suth renewal; and there shall b~ no i~re or winds~o~m insurant placed on any of sa~d bui!d~ngs, any in7erest there~n or part thereof, unless in the torm and with the luss payab!e as aforesaid; and in ~he event any w~ of money beco~nes payable undrr such poGcy or pofcies said MORiGAGEE shall have the opnon to recelve and app'y et~a same on accou~~t of rhe indebied ness sec~red hereby or to permil said MORTGAGORS io receive and use it w any part the:eol for ori~~~r pur osrs, v.~i~~wt ~h_ or .w.:~Yi ~3 a~ ~~~~p..~~ ing any equ:ty, lien w ri9ht unda~ a by virtue o~ Ihis mo"gage; and in the event sa:d MORTGAGORS shj!I :or any rrason fail to krep the said prem~ses so insured, or fail to dai~ver promptly any of said pol~cies of inw~a~ce lo said MORIGAGEE, or fail p:omptly to pay tu~[y any prenuum therefor or in any respect (ail to perform, d~sch;:ye, execute, effect, comp~ete, comply with and abide by this tovenant, or any part hareof, s+~d MORT;,AGEE may p~ace a~~tl pay fw such insur~nce or any part thercof w~thout waiving or affecting any option, lien, eq~ity, or riaht u~drr or by virtue of this Mortqage, and thc f~~l a~novnt of each and every such payment shail be im~nediately due and payable and shafl brar interest from tho date thereof until pa+d at the rate o1 nic•~ pe~ centu~n per annum and to~c4har v.ith suth interest shaii be srcured by the lien of this mortgagt. 1. To pe~mit, commit or suffer no waste, impairment or deter~oration of said property or any part thereof. 5. To pay alt and singular ehe costs, cha~ges and expenses, including a reasonable attorney's fee a~d cos~s of abstracts of titie, i~curred or paid at any time by said A10RTGAG:E, because w in the event of the failure on the part of the said MORTGAGOR 1o duiy, pro~~~ptly and fu1ly perfocm, d~scharge. ex~~cute, efiec~, canpte~e, comply w~th and a5:de by each and every the stipulat~ons, agreements, cond~tions, ano cove~an~s of said promiuory note and this moregage any o~ ei~her, artd sa.d costs, charges and expenses, each and every, shall be immediately due and payabte; whether o~ not there be notice d> mand, atternpt to col~ect or suit pend~ng; and the tull amount of each and every suth paymeN shall bea~ iMeres~ from the date thereof until paid al the r.,:e of n~ne uer caniu~n per am:u n; and ail sa~d cusn, charges and expenses irxurred or pa~d, together wah such interest, shall be secured by the I~en of this mortgage. 6. That (a) in the event oF any breach of Ihis Mortgage or default on Ihe part of the MORTGAGOR, or (b) in the event any of sa;d sums of mo~ey herein refened to be r~ot pron,p~ly and tuUy paid within thuty (30) days next aiter the same severa:ty become d~e and payable, without demand or notice. or (c) in thr event each and every the stipvlations, agreeme~~ts, cond~tions and covenants of sa:d promissory note and th~s mortgage any o~ either are nol iuly, prompNy and futly perfo:mcd, d~scharg>d, exrc~ted, effected, completed, complied with and ab~ded 5y, then in e~ther w any such eveN the sa~d ag- ~regate sum mentioned in sa~d p~omissory note then re~naining unpaid, with interest accrued, and alI moneys secured hereby, shall become due and pay ab:e fonhwith, o~ ~hereafrer, at the opr~on of said MORTGAGEE, as fully brd completely as if all of the sa~d wms of rrwney we~e o+~gina~ly st~putated to be pa~d on such day, anyth~ng in sa:d prom~ssory note o~ in this Mortgage ro the cororary notwl~hs~and~ng; and thereupon or th~reafter at the opnon of sa:d MORTGAGEE, w;thout not~ce or dema~d, suit at law or in equity, therefore w thereafter begun, may be prosecuted as if all moneys secured hereby nad matured pr~a to ~ts institunon. 7. That in the event that at the beginning of a at any time pending any suit upon this Mortgage, or to foreclose ~t, or to reform it, o? to enforce Fayment of any claims he~eunder, said MORTGAGEE shall apply to the Court having jurisd~ction thercof ior ~he appo~ntment of a Reteiver, suth Court shail Fcrthwith appoint a receiver of seid mortgeged property all and singular, includ~ng all and singu~ar the income, prof~ts, ~ssues and revenues lrom whatever s~~rce darived, each and every of wh:ch, it being expressty unde~sfood, is hereby mortgaged as if spec~fically set fonh and destribed in the granting a~d hsi~endum ciauses hereof, and such Receiver shall have all the broad and effecTive funct,ons and powers in anywise entrusted by a Court to a Recriver, and s_ch appointment shall be made by s~ch Court as an admitted equity and a matter of absolute right to said MORTGAGEE, and without refere~ce to the adequocy or inadequacy of the va!ue of the property mortgaged or to the so;vency or ~r.so:vency of sa~d MORiGAGOR or the defendants, and that such r.~•,rs, proFits, inco:ne, issues and revenues shall be applied by such Receiver according to the lien or equity of said I11URiGAGEE and the practice of such Court. 8. To du:y, prompr!y and fulty perform, d~scharge, execute, effect, complere, comply with and abide by each and every the stipulation;,. ~a~eements, conditions and covenants ~n sa~d promissory note and this moHqage set forth. _~Y , i. 9. That in the event the ownership of the mortgaged premises. or any part thereof, becomes vested in a perwn other than itR.111~OR~G/1G~pf :~ORTGAGEE, its s~ccessors and assi9ns, may, without notice to the 1110RTGAOR, deat with :uch successor a successw in inte:es: witFi ~~rence tc 1hiL n.wtgage and the d:bt hereby secured in the same manner as with ldortgagor without in any way vitiating or distharging the f:.p{t~~ ri liability here~ under or upon the debt hereby sec~rred. No sale of the prem:ses hereby mortgaged and no forbearance on the part of ~he IJu~J b~E or`~s succenors or ass~gns and no exrens~on of the time for the payment of the debt hereby aecured given by the MORTGAGfE or its succes+ori~ot~signs~i~iall operate = ro re~ease, d~scharge, modify change or affect the original liability of the MORTGAGOR herein, either in whole or in part. O: ~ 10. It is speuficaliy agreed that time is of the essence of this contrad and that no waiver of any obligat~on hereu~sl~~?~p~'~h~ obliQafipi? se- c~red hereby shalt at any time thereaEter be hefd to be a waiver of the terms hereof or of the instrument secured herby. - s~ ~ , 11. In add ~:o, !e rhe forego n~ monthly paymems of p.inc pal and inrerest requ~red by the prom sscry no!e sec~red hereby, o~orf8a~ co nphts ;ti end agrees to pay to mo,-tgagee ~n~rh each monthly pay~nem an add~iionat sum est~ma~ed by mortgagee to be equa~ to 1; 12 of the amiuu~4~4olt of he~(tl~1ow- ;:,•3: i A-A~I real Nropcrty taxes lev~ed or assessed aga~•~st the above described real esfate. • X- _ , ~ B-Pr~:~::u~:~s on fire and win~+storm ~ns~racce as here~n requ;red to be carried cn the improvements situate on the above descrbe-d ~pt~r4Ssl~_• ~ ! C-Premiu:rs o~ such morsg~ge g~aranty ir.surance as mortgagee shall from time to time deem fit to carry on the loan secy~~..here6y. j Mortgager s6a!I ?rom time ~o time netify mcrtgagor in wr;ting of the amount d~e and payabte hereundrr and such su:n 1h11 th ~ypon ~e,due a~~ ! : i,ab!e on th~• due date of ihe nexr month!y payment and each successive month thereafter urtil mortgagee shall not~fy mojtgy~or ~ a~har~ge.M { ~-ount. Such sums sha:i be app'ied 'oy mortgagee roward the paymeni of real p~operty taxes, insurance prem.ums, and To(~yag~~`gq3rQMy' irti'(~r~ i~•emi~m5. ' ~b~ . •_.'~~r. ~ _IN \'~ITNESS :VHE EOF, the sa~d MORTGAGOR has hereunto set his hand and seal the day and year first afor s'' - e-y v`~ { S • ~ti~ ~s-_ . S~gned, a!ed a d d ti~ered ~n the presence of: f ~EO AMO RECORDE~ ' i~. lUC1E COUNTr FLA. Byy ~ I• ^ . ROCER POiTRAS ~ ~ n _ t_ rsen_, p1~6s~dent. ~ ' ~~aq - CLE~K C?:;,;UlT COURT ~ RFCOP.'~ = ~i~EO (s~a4 ~i}.e3t.: @ 8 @CTBtia _ ~ (Sea4 - - ~ ~ 'Q-~~ TY'easurer_ - i~a~b~r~ STATE OF FLORIDA COSJNTY OF ST. LUCIE I HEREBY CERTIFY, Thaf on this ~~ey of ~~e~r , A. D. 19~, before me personally appeared ~no Petersen and ~el ~~sen respectively President and - Secretary- Treasurer , of ~ e A ef St T»riw [`p~t~~~~ , a F10rida Corporation, to me known to be the persons described in and who executed the foregoing instrument and severally acknowledged tj~e exe- ~ cution thereof to be their free act and deed as such officers for The uses and purposes iherein mentione~,i;,,~~$: that~ tfie.y affixed thereto the official seal of said corporation, and the said instrument is the act and deed''qf• s~aic#'torpoly~i~n: . : . . ~ . WITNESS my hand and official seal at Fort Pierce Flol'ida said county and_stete•'~ ~ This instrument prepared by J. H. R,oberts Jr. • ef First Federal Savings and Loan Associa~ian ~ • of Fort Pierce, Florida Notary Public, in and for State and CqNt~ty ~foresaid. My Commission Expires: %s ~ ~ '~1 ~ ~ 9-~3;~ ~ Checked By ~ - BOOX~~~ PAGE19~s _ . ~ = ; < ,~;f z~~_~, , -