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Home My WebLink About2503 3. To ptace and continuous~y keep on ~he bui'dings now or hereaite? fituate on satd land and on alI equipment ~nd pertonally covered by thit mor age, with aU pren~iun,s ~hereon pa:d in iull, f~re i~surance ~n the u:ual s~andard po~~q form, in a sum apwoved by the Mc~Ri"vAGEE, and w~nds~o insu.ance in ~he usual standard pol:cy form, in a sum approved by the MORTGAGEE, in ~uch company or canpan~es as the A10RTGAGEE m d~rect; and all firo and w~nds~orm insu:ance poliues on any of sa~d bui~d~~gt, any interest therein or pa~~ thereof, in the aggrega~e sum afaesaid in eacess thercof, shall coneain ~he usual sta~~dard mo«gaqee clause a su:h o~her clause as the Mortyagee may requ~re. making the loss under sa~d po c~es, eath and every, pay~5te to said h10RTGAGEE as its in~errst may appear, and each and eve~y such po!~cy shall be prompNy ass gned and de~~+ered ~ any held by sa;d MOR(GAGEE as iurrher secur~ty to said mortgage debt, and, not less tha~ ten (10) days in ad~ance of the expirat+on of each pol~cy, ~o d. Gver to wid MORiGAGEE a renewal thereof, together with a receipt fa the premium of such reneNal; and Ihero shall be no fire or windsronn insurant placed on arty oi sa~d build~ngs, any inferest therein or part thereof, untess in the (orm and wifh the loss payable as aforesa~d; and in the eve~t any sun of money becomes payab!e undrr such policy a poGcias sa~d MORiGAGEE shall have ~he opt~on ro receive and app!y the same on accoum of the indrbted ness sccured hereby or to permit sa~d MORTGAGORS to receive and use it or any pa~t thereof tor o:i~er pur~~oses, v,.ihO~t ~h~rrur w~i~i.~3 unp~ir ing any equ~ty, I~en w~~ght under or by virtue of this mo:•9age; and in the event sa~d MORTGAGORS shall for any reason iail to kcep the said premis<s so insu~ed, or fail to de~~ver prornptly any of said po~~cias of insurance to said MORTGAGEE, or fail promptly to pay iulty any prem~urn ~herefor or in a~y resprn iail to perform, d~scharge, e~ecute, effed, comptere, cornpty wi~h a~ abide by this covenam, w any pa~t hrreof, sa~d MGRTGAGEE may place a^d pay for such insurance or any part thereof without waiving or affecting any opt~on, lien, equ~ty, or ~~ghi under or by vinue of this Mo~tgage, and the full amcunt o1 each and e•ery wch payment shall be immediately due and payahle and shall bear inte~est irom the date thereof until paid at the rate ol mne per ceroum per a~~nwn a,id to3rther v~ith such inre.ea? shali be srcured by the lien of this mortgage. 1. To permit, commit w suffer no waste, impairment or deterioration of said property or any part thereof. 5. To pay all and singular the costs, charges and expenses, including a reasonable attorney's Fee and costs of abstracts of title, incurred or pald at any tim.e by said !NORiGAGEE, because o~ in the event of the failure on the part of ~he said MORTGAGOR to duly, proa,pNy and fu!ly perform, d~xharge. _xecute, effec~, complete, comply wuh and au:de by each and every the stipulaeons, agreernents, cond~tions, and covenants o( said p~anissory note and this mortgage any or e~rher, and sa:d cosrs, charges and expenses, each and eve?y, shail be immediately d~e and payabie; whether or not there be notice da mand, attempt to co~lect or suit pe~d~ng; and the full amount of each and every such payment shall bea~ interest from the date thereof until paid at the r:~e oi n~nr per crnt~m ~r a~uwm; and au said custs, cnarges and expenses irxurred w paid, loyether w~th such interest, shall be secured by the lien of th~s mortgage. 6. That (a) in the event of any breach of this Mortgage or default on the part oi the MORTGAGOR, or (b) in the event any oi sa:d sums of money F,erein referred to be not prornptly and fully paid w~thin thirty !30) days next after ~he sanie se~eratty becor.ie due and payable, wi~hout demand or notice, or in thr event each and every the stipulations, agreements, conditlons and covenants of sa.d promissoiy note and th~s mortgage any w e~ther are not ~ufy, prompily ans! f~lly performed, d;scharged, exec~ted, effected, compteted, tamplied wifh and ab~ded 5y, then in e~ther w any such event the sa~d ag greqate sum men~ioned in said promissory nore then remaining unpaid, with interest accrued, and a11 moneys secured hereby, shall become due and pay- ao:c forrh.v~th, or thereafter, at the opt~on of sa~d MORTGAGEE, as fully and completely as i1 all~of the said svms of money were or~ginally st~pulated to be pa:d on such dey, anything in sa.d prom~ssory ~ote w in fhis Mortgage to the contrary notwithstand~ng; and ~hereupon or thereaffer at ?he opnon of sa:d MORTGAGEE, w~~hout nonce or demand, su~t at law w in equity, therefo?e w therealter begun, may be prosecuted as if all mo~eys secured hereby ~ad maWred pr~or to its instit~tion. 7. That in the event thal at the beginning of or at any time pend]ng any suit upon this Mortgage, w to foreclou it, or to reform it, or to enforce Fayment of any claims here~nder, said A10RTGAGEE shall appty to the Court having jur~sd:ct~on the~eof for ~he appo~ntmem of a Receiver, such Court shall ter~hwith appoint a rece~ve. of sa~d mortgaged property all and sirgular, includ~ng ali and s~~~gu~ar ~he incon,e, prof~~s, issues and revenues from whatever s,urce derived, each and every of wh;ch, it being expressty understood, is hereby mortgaged as if spec:fically set forth and described in the gra~ting and t~~bendum cla~ses hereof, and s~ch Receiver shall have all the broad and efiective funct~ons and powers i~ anyv•~se entrusted by a Court to a Receiver, and s. ch appointmem shall be made by such Co~rt as an admitted equity and a matter of ab:olute right to sa~d lY~ORTGAGEE, and withcut reference to the aci~~qu;cy or inadequacy of tF.e valve of the property mortgaged or to the soivency or insolvency of said MORiGAGOR or the defendants, and shat such renfs, profits, inco~ne, issues and revenue; shall be applied by such Receiver accwd+ng to the lien or equity ot said idORiGAGEE and the practice of such CouA. _ A. To dufy, promptly and fu1Ry per!orm, d~scharge, execute, efiect, complete, comply with and abide by each and every the stipulations, agreements, ccnd~tions and covenanrs in 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 person other than the MORTGAGOR, the "l.~~RTGAGEE, its successors and assig~s, may, wifhout notice to the ~10RTGAOR, deat with wch successor or successor in interest with reference to thia ~~~.o~~gage and the deo~ hereby secured in the same manner as with Mortgago. without in any way vitiating w d~scharging the Mortgagors' liability here- ~~~dei or uport rhe debt hereoy sec~red. No sale of :he p+em~ses hereby mortgaged and no forbearance on the part ot Ihe MpRiGAGEE or its svccessors er ass~gns and no extens~on of the hme for the payment of the debf hereby sxured given by the MORTvAGEE o~ its successors or auigns, ahall operate ro re~ease, d~scharge, modify char.ge or affect the original liabil~ty of the MORTGAGOR herein, either in whole or in part. 10. ~t is spec~ficaily ag.eed that time is of the essence of this contract and that no waiver of any obl~gat~on hereunder or of the obligation sti cured hereby sha~l at any time th~reafter be held to be a waiver of the terms hereof or of the ins?rumem secu~ed herby_ il_ In add t~o~ to the forago n9 rronth'y paym~ms of princ'pal and interest requ~red by the prom ssery nae secured hereb~r, mortgag~r covenants 3,d agrees to pay to mortg~gee x~ih each mcmhiy payr.:ent an add~r~onal sum estimated by mortgagee to be equai to 1; 12 of the annual cost of the follow- ,ny: A-Atl reaf property raa~s levi<: or assessed agai•~st the a6ove described real estate. B--Pr~n:~u~ns on f~.e and w~ndstorm insu~arce as herein requ~red to be carried en the improveme~ts s~tuate on the above d=scribed premises. C-Premiums o~ wch mort~age g~a~anty ir.surar.ce as mortgagee shall from t me to time deem fit to carry on the loan secured hereby. ! Mortgagee shait frcm t~~ne to t~me not~fy mortgagor in wrihng of the amount due and payabte he~eundar and such sum shal~ thereupon be due and able on the due ciare of fhe next month:y payment and each successive month thereafrc~ ur,ti! mortgagee shall not~fy mortgagor of a change :n such ~.~unt. Such s~ms s!-a:l be ap~+:~ed by mortgagee toward the payment of real properry taxes, insurance prem:ums, and mortgage guaranty insurance ~ :remi~mS. i IN WITNE~S '.+'HER~OF, the sa~d MORTGAGOR has hereunto set his hand and seal the day year first afor . 9 S~gned, Seated and delivered in the presence of: ~ (Seal) (Seaq - (5ea1) 1f c[ r yl/1 (Sean S~ATE OF FIORIDA ~ SS. :,,utirr oF St . LuC ie ~ Befwe me personally appeared Albert W. GOr e and _ El la (~i. CiOLQ his wife, to me well known and krwwn fo:1Fp to be tna ind~+iduats described in and who exewted the foregang instrument, and acknowledged before me that they executed fhe samn fot the Putposes th=rein expressed_ And the said Ella G.Gore ~ r~~fe of the :a~a _ Albert W. CiOre _ ~separate'ynt(,*Iivate e.am~natlon by me taRen separete and apart from her said husband, ackrwwledged to and before me that she executed zaid ~~rlrAtiment fr~e{y a0~ vplun- ra-~iy and w~thout any compuision, constraint, apprehens~on, or fear of or from her wid husband. _ ~ WITNESS my hand and official seal ,h~~_ 29th day of e temb _;y Df '~..72 :z v • \ . ' S~ orar u ic in and for the Staie of ' s a~f lsrye c, My Commission expires: . , - ~ Retum To: . . • . ' First Federal Savings 3 Loan Associat~on My Commission Expues Apri1~12~,I916 Of fort C.-rce. i Fort Pi~rce, Ficrida ~ ~~~'~S St I~C~E ~OUN1Y fl~• E ROGC RCU1t COURT rIJ ~ This Instrument Prepared By John t~. Z~~~ER~~~EO~•~•~~ First Federal Savings 8 Loan Association a~caao ~ - of Forf Pierce ~ Florida 3 9 Z~ pK~~2 ~ OR Checked By ry 60GK~os VACEz4~ ~ 23g98 . = ~ ; r--- ~ ~ p ~ ~ _ F~~~~'~