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Home My WebLink About2312 3. To p~ace and continuously l~eep on the bui!dings now w herea(te~ ~ituate on said land and on ali equip~ne~t and personally cove?ed by this ma ege, wi~h all premiums tt~r~eon pa~d in full, fire in3urance in the usual a~andard po~~cy iam, in a sum approved by the MOR:GaGEE, and w~~dato ~nsurance in the usual s'rndard pofty form, in a sum app~oved by the MORiGAGEE, i~ suth tompany or companms as the MORTGAGEE m direct; and all tire and winJstorm i.+surance poli<ies on any of said build~ngs, ~ny intereit there~n or part thereof, in the sggre~a~e sum alo~esaid in excess thereof, shaU contain the usual s~andard mortgagee dauu w such other clause as ~he Mongagee may requ~re, making the loss undrr sa~d po c~es, each and every, pay~b~e ro said h10RTGAGEE ai its inte~est may sppear, and each and eve~y such poi~cy shall be promp~ly ass g~ed and delivered ~ any held by sa~d h10RfGAGEE as iurther security ~o sa~d mortgage debt, and, not leu than ten (101 days in advance ol ~he exp~ration of each poliq, to d~ Gver to said MORTGAGFE a renewal thereof, logether with a rece~pl ior the premium oi such renewal; and the~e sh~li be no f~re or wi~~dstorm i~suranc plated on any of safd bu~ld~ngs, any interest there~n or part thereof, unless in the torm and wi~h the loss payable as a(oresaid; and in the cvent any sun { of money becomes payable under such policy a po~~cies said MORTGAGEE shall have the option to rece~ve and apply the sa~ne on account of the indabted ! ness secured hereby or to pern,~t said MORTGAGORS ro recei+e and use i1 p any par~ fheceof ior or~~cr µurE+pSCS, c~ith0~1 ~h_~.u~ w~c.~.~~ or ~++~p~~~ t ~n9 any cqu~ty, lien a right under w by virtue of this mo:'gage; •nd in Ihe event ia~d MORTGAGORS shall for any reason fail to keep the sa~d premisrs so t insured, o~ fail ro deliver prornptly any o( said policies of insu?ance 1o sa~d MORTGAGEE, or fail promptly to pay fulty any pre~n~um therefor or in a~y t resprct (ail to perForm, dischaige, execute, eifect, ca+~p~etr, comply with and abide by this covenant, or any p~r~ ha?eof, said MORTGAGEE may place a~~d pay (or such insurance or any part thereof without waiving or ai(ecting any option, lien, equ~ty, or ~ight unde~ o~ by virtue of this Mortgage, and thc full amount of each and e~~ery such payment shall be immediately due and payable and shall bear inferest lrom the date the~eoF until p~~d at the rate o1 ' nine pr~ centum per annum and t~~rther with such imerest shalf be secured by the lien of this mortgage. a. To pc~mit, commit or suffer no waste, impairment a deterioration of said p~operty ot any part thereof. 5. To pay a!1 and sing~lar the costs, charges and expenses, including a reasonable atiorney's 1ee and costs of abstracts oi title, incurred or paid at any t~me by sa~d MORiGAGfE, because o~ in the evem of ihe fallure on the part of ihe said MORTGAGOR to duly, promptly and fully perform, ducharge. eaecute, efiect, compfete, compfy wah and ab:de by each and every the stipulauons, agreemeros, conditions, and covenants of sa~d prom~ssory note and ihis .T~orfgage any or e~ther, and sa~d costs, charges and expenses, each and every, shall be immed~atety due and payabte; whether w not there be notice da mand, atte~npt to collec? or suit Fending; and the (utl amount of each and every such paymen? shatl bear interest trom the date thereot unfil paid at the r,•i~• o~ nine per c~ntum per anuum; or-w' all said costs, charges and expenses incurred or paid, together wuh such interest, shall be secured by the lien of thu mortgage. 6. That (a) in the event of any breach of this Mortgage or default on ~he part of the MORTGAGOR, w(b) in the event any of sa:d sums of money herein refe~red ro be not p~omptly and fully paid wiihin thirty (30) days next after the same seve~alty become due and payable, without de~oand or notice, ~ or (c) in tAe event each and every the stipuiations, ag~eements, conditions and covenants of sa~d promissory note and th~s mortgage any or either are not ; iuty, prompNy and fulty performed, d~scharged, executed, elfected, completed, compGed with and ab~ded by, then in e~ther a any such event the said ag j qregate sum memioned in said promissory note thtn remaining unpaid, with interest accr~ed, and a1I moneys secured hereby, shall become due and pay- ab'e Forthwith, o? therea!ter, at ~he option of said MORTGAGEE, as fully and complete~y as if all of the said sums of money were wiginally stiputated to be pa~d on such day, anything in sa:d prom~sswy note w in this Mortgage to the contrary nor~vithstanding; and thcreupon or thereafter at the option of s.~,d MORTGAGEE, without not~ce or demand, suit at taw or in equity, therefore or thereaite~ begun, may be prosecuted as if all moneys securtd hereby n::d matured pnor to its institution. 7, 7hat in the evenf that at the beginn~ng of or at any time pending any suit upon this Mortgage, or to foreclose it, or to reform it, or to enforce ~ psyment of any claims he~eunder, said MORTGAGEE shatl apply to the Ceurt having jurisdittion theteof for the appointment of s Reteivet, suth Court shall ! forrhwith appoint a receiver of said mortgaged property all and singular, intlud~ng all and singu~ar the incon.e, profits, issues and revenves from whate~er ? source derived, each and every of wh~ch, it being expressly understood, is he+eby mwtgaged as if spet~ficatiy set forth and described in the granting and h~~endurn clauses hereof, artd such Receiver Shall have all the broad and effective funct~ons and powers in a~yw~se entrusted by a Court to a Receiver, and s~ch appointment shall be made by such Court as an admitted equity and a maner of absolute rEght to said MORTGAGEE, snd without reference to the acieyuacy or inadequacy of the value of the property mortgaged or to the savency or ~nsoivency of sa:d MORiGAGOR a Ihe defendants, a~~d that svch r_~nrs, profits, inco~ne, issues and revenues shall be appl+ed by such Receiver accord~ng 1o the lien or equity of said MORTGAGEE and the prattice of such Court. 8. To d~ty, pzompt:y and fully pertorm, discha~ge, execute, effect, complete, comply with and abide by each and every the stipulations, a9reements, conditions and covenanrs ~n sa~d promissory note and th~s mortgage set forth. _ 9. That in the event the ownership of the mortgaged premises, w any part thereoF, becomes vested in a pe~son other than the MORTGAGOR, the ;1~RTGAGEE, its successws and assigns, may, without notice to the MORTGAOR, deat with s~ch successor w successor in interes~ with reference to this n,or~gage artd the debl hereby secured in the same manner as with Mortgagor without in any way vitiating or diacharging the Mortgagors' liability here- u~der or upon the debt hereby sec~red. No saie of the premises hereby mortgaged and no iorbearance on t~ parl of the «I(3RIGAGEE w its successors or ass~gns ar~ no extens~on of the time for the payme~t of the debt h>reby secured given by the AM1ORTGAGfE or its successors or assigns, a:~all operate ~o release, d~scharge, modify change or affect the original liability of the MORTGAGOR herein, either in whole or in part. 10_ It is spec~ficaily agreed that time is of the essence of this contract and that no waiver of any obligat~on hereunder w of the obligation se- cured hereby shali at any time thereafter be hetd to be a waiver of the terms hereof or•of the instrument secured he~by. 11. In add:~io? to the forego ng n:onth!y paymenss of princ pal and interest requ~red by the prom~s>cry ~o!e secured hereby, mortgagar covena~ts ~•~d agrces to pay to mort~agee v~ith each monthly pay~aent an add~~ional sum estin:ated by mortgagee to be equal to 1;' 12 of the annual cost of the follow- I n:~: ~i A-Alf rea~ property taxes (evied or assessed against the a6ove desvibed real estate. - - • • ~ - r. - ' a ~r ~,.•:~d c^ ttiA ~ ~•nvP~~~a s~r~.ata on the above dsscribed premises_ o--r.~.....~..y ...c " " t:_'= f_^y::.'^_ . _ . . C-Prem~ums on such mort~age guaranty ir.surance as mortgagee shatl from time to time deem fit to carry on the loan secured F~ereby. Mortgagee sfia?I from time to time notify mortgagor in writ~ng of the amount d~e and payable hereunder and such sum shall thereupon be due and ~ ;~~able on the due da!e of the next month!y paymem and each successive month thereafter until morigagee shall notify mortgagor of a change in suth f +-ou~t. Such wms sha:i be app:ied by mortgagee roward the payment of real ~:operty taxes, insurance prem;ums, and mortgage guaranty insurance ~ ;>•em~ums. ~ IN ~VITNESS :"JHEREOF, the said MORTGAGOR has hereunto set his haRd and seal the day nd ear first af euid. ~ S~gned, Sealed and delivered in the presence ofe ~ aq ~ Q . . tSeal) (Seal) (Seal) ST:+TE OF FLORIDA ' SS_ ~ ~OUN7Y OF St . LLiC 1Q 1 Befwe me personally appeared JOS@pt1 E. Powell a~ _ H@ZeII POWell _ his w~fe, to me well known and known to me to be ~ rha ind~viduals described in and who executed the fwegoing instrumeM, and acknow{edged before me that they executed the same for the purpos!~s ~ therein expressed. And the said Hel en POM1Q12 # ,.f~fe o( the said Jose~h E. Powell ~pon a separate and private ; e,am~nation by me taken separate and apart from her said husband, atkrawlydged to and before me that she executed said instrument freely end,YOlun- +an~y and w~ihout any compuision, constraint, apprehens~on, or fear of or from f~e? said husband. ~ ' 28th September .~t t ~ ~~72 ~ WITNESS my hand and official seal thi~ day of .A: -~9 • • r ~•.r _ ~ Notary Pubtic in and fw the 51 .pf=F, t~arge , : F ~ My Comm~ss~on expires: NOT i~B~IC AT~'b( FLQ~~p ` ~ Return To: ~ Q ~E ~ - MY C0~1~ EXMBES_$Er.i ,~9 ~1975 ~ ~irst ~eoerei Savinys b loan ASiGC~ot~Gr ' OnWN'Tnt~p~nent Ins~e y~~~~~ ~ ~ 01 Fort P erce. . F fort Pierce, Florida ~ > ~ ~ v~ ~ , ~ - , ~ ~ 2~86,~ ' ~ ' f~ , ~ ILEO ANO REC~Y ~lA~ ~ This Instrument Pre ared B ~t.~~~?~ LOUM P Y John W. Col l in Qp`ja~g First Federal Savings 8 Loan Association aOCER ~ of Fort Pierce , Florida ~~ERK C1aCU~Y COU~t ; ~ ~ECORO VE~tFtEO~~~" ~j~i E $0(?K~:V~) ~i~LJVZJ ' Checked By ~ - ~ ~ Z9 3 z3 QN'`~ Z ~ ;S ~ F ~ } . . _ _ _ . _ ~ ~ +Sr~~ ~ -a?'"yr'.F!zzs .i.r_.rc. . . - - . 2~v