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Home My WebLink About2507 3. To piace and cont~nuousty keep on rhe bu7ld~ngs now w hereafter ~;tuate on sa~d land and on all equi~xnent and per~ona?ly covered by lhis ma e9e, wi~h all prem~ums thereon po:d in full, fire insurante in the usual standard pofity (orm, in a tum approved by 1he MOR~GAGEE, and w~ndsto ~nsurance in ~he uwai standard poGty form, in a sum ap{xoved by the MORTGAGEE, in tuch tanpany or tompanies ai tha MOkTGAGEE m d;recr, and aU fire and wlndstorm in~urance polkles on any o) sald build~ngs, any inte~es~ therein o~ pa~t thereof, io ~he aggrega~e sum +toresaid in eace:s the~eof, shaU contain ~hs usual s~andatd mo~~gagee cfause a ~uch o~her clause ~s the Matgagee may requ~ro. making th~ loss unJe+ sa~d po ~ c~es, each and every, payab!e ro said A10RTGAGEE ae i?s interest may ~ppear, a~d each a~d everv suth po:icy shall be promptly ass gned and de~ive.ed ~ any held by sa~d MORIGAGEE as fur~her security to aald mortgage debt, and, not less than ten (101 days in advance ot ~he expiratio~ of each poGCy, to d. I~ve~ to said MORTGAGEE a renewal thereof, togNhr~ with a receipt fw fhe pr~mium oi suth ~enewal; and there shafl be no f;re or winds~orm in~uranc p~~cet1 on any of said buildings, any interesl therei~ w ps~t tfiereof, unless in the fo~m and wilh the Icss payab~e as aforesaid; and in the event any sun of money become~ payable under such policy or pof:ies said MORTGAGEE shall have ~he optfon ~o recefve and appty the sa~ne on accoune of Ihe indebtrd nas: secured ha~eby e~ fo permit sazd MORIGAGORS lo receive and use it p any part lhereof fo~ oeii~•r pu~f~osrz, ~v~~houf th~+~o~ w3i~ing cr unp~ir ~~g any equ~ty, Ifen o? r~ght under or by virtue of ~his mo:tgage; and in the event sa~d M~RTGAGORS shall `.or any reason fa~l to keep the sa~d premisrs so ~nsured, or (ail ~o deliver promptly any of said policies of insurance to said MORTGAGEE, or fai} promprly fo pay fully any p~emium thcrefor or in a~y respect fail to perform, discharge, execute, effect, complete, comply with and abide by this covenant, o~ any part h,reof, said MORTGAGEE may place and pay for such insurance or any part thereof w~thout waiving or a(fecting any opt~on, lien, equf?y, or right under or by vi~tue of this Mortgage, and the i I~II a~nount of each and e.ery such paymeN shall be immediately due and payable and shall bear imerest f~om the date thereof until paid at the rate ol +~~~~e per centum per ann~m and eo~r:har wirh such intrrest shali be secured by the lien of ihis mortgage. To permit, commit or suffer no wasfe, impairment or deterioration of said propetty or any part thereof. 5. To pay all and singutar the costs, chargea and expe~ses, including a reasonable atto~rtey's fee and costs of abstracts of t;tte, incu?red or paid at :~»v ~%r*e by sa;d MORiGAG~E, because o~ in the event of the failure on the part of ~he said MORTGAGOR ro du~y, prompdy and fuily perfo~m, d~xharge. ~x~~cute, etfect, complete, comply w~th and ab:de by eath and every the stipulahons, agreements, conditions, and tovenants of said promisso~y note and this ,,o~tgage any o~ either, and sa[d costs, charges and expenses, each and every, shall be immediately due and payable; whether or not there be notice dr n,and, atte~npt fo collect or suit pend;ng; and the lull amount of each and every such payment shall bear interest irom Ihe date thereof until paid at the 1~ o{ ~une per centum ~r annu:n; anc atl said costs, charges and expenses incurred or paid, together w~rh such inteies?, shall be secured by the lien of this mortgage. 6. Thaf (a) in the even~ of any breach of this Mortgage or default on 1F~ part of the MORTGAGdR, or ;b) in the event any of sa;d sums of money i herein referred to be not pranptly and fully paid within thirty (30) days next after the same severa!iy become due and payable, without demand o~ notice, cr (c? in the event each and every the stipulations, agreements, conditions and covenants of sa:d promissory note and th~s mortgage any or either are ~ot i.~,y, promptly and fu11y performed, d~scharged, azecuted, eifected, completed, complied with and abided Sy, then in either or any such event the said ag- i a~cgate sum memioneci in said promissory nate then remainirtg unpaid, with inrerest atuued, and atl moneys secured hereby, shall become due and pay- ~ ac:e forthwith, or thereafter, at the oFtion of said MORTGAGEE, as fully and compie~ely as ii a~l of the sa~d sums of money were originally st~pulated T to be pa:d a~ such d~y, anything in sa:d prom~ssory note w in th~s Mortgage to the connary norw~~hstand~ng; and ~hereupon or thereafter at the optlon of s~.d MORTGAGEE, withouf ~otice o~ demand, suit at !aw or in equity, therefore or thereaite~ begvn, may be prosecuted as if all moneya secured hereby ; n,d mawred pr~or to ils inatitWion. 7. That in the event that at the beginning of or at any time pending any suit upon this Mortgage, or to foreclose it, or fo reform it, or to ertforce ~.~ymfnt of any cl3ims hereunder, said MORTGAGEE shall apply to the Coort having ~urisdkrion !hereof for the appointmen~ of a Receiver, such Court shall rcrthwrith appoint a receiver oF said mortgaged property all and singular, includ~ng aIl and singular the income, prof~ts, issues and revenues from whatever s_u-ce derived, each ar,d every of wfi~ch, it being expressly understood, is hereby mongaged as if spec~f;tally set forth and deuribed in the 9~anting and n,uendum clauses hereof, and wch Receiver sha? have all the broad and effective funcLens and pov.ers in anyw~se entrusted by a Court to a Receiver, and s_:h appointment shall be made by such Court as an admined equity and a matter of absolute rigM to said MORTGAGEE, and without reference to the ~i~quacy or inadequacy of the val~e of the properry mortgaged or to the solvency or insoivency of said MORiGAGOR or the defendams, and that such •~n, profits, inco~ne, issues and revenues shall be applied by such Receiver accord~ng to the lien or equity of said MORTGAGEE and the prauice of such Court. . 8. Io duty, prwr,ptty and fu1)y pe,form, d;scha,ge, e:ecute, effect, complete, comply w~fh and ab~de by each and every the stipulations, agreements, _onditions and covenants ~n sa~d promissory note and th~s mortgage set forth. - 9. 7hat in the event the owreership of the mortgaged premises, or any part thereof, becomes vested in a perwn other than tF±e MORiGAGOR, the :',ORTGAGfE, its successors and assigrts, may, wirhout notice to the ASORTGAOR, deal w;fh such successor or successo~ in iMerest with reference to thia origage and the debt hereby secured in the same manner as with Mortgago~ without in any viay vit~ating or discha~ging the Mortgagors' liability here- ~nder or upon the debt hereby secured. No sale of the premises hereby mortgaged and no forbeara~ce on the part of the MORTGAGEE or its successors o~ ass~gns and no earension of the time for the payment of the debt hereby secured give~ by the MORTGAGEE or its successors or aui9ns, ahal~ operate :o re+ease, d~scharge, modify change or affect the orig~nal liability of the MORiGAGOR herein, either in whole or in part. 10. It is spec~fically agreed that time is of the essence of this contract and that ~o waiver of any obligat~on hereu~der w of the obtigation se- cUred hereby shali ar any time fberrafter be hefd to be a waiver of the terms he~eof w of the instrument secured herby. 11. In a;id.tio~ to the forego ~~g in;,mh!y payments of princ'pal and interest requ~red by the prom~ssory no!e secured hereb'y, mortgagor tovenants . d agrees to pay to n:ortgagee v~nh each ~no~rh(y pay~nent an addrtional sum est~mated 6y mortgagee to be equal to l,'12 of the annual cost of the follow- A-A? rea! prope~ry fax,s lei~e~ or assessed agai•~s! the above described real estate. B-Pr~cr.:ums on fire and windsto•m ~nwracce as here~n reqo:red to be wrried on the improvemeotz situate on the atwve dssvibed premises. C-Premiums on such mortg;ge g~aranty ir.w.a~~ce as mortyagee sF.all from ~:me to time deem fit to carry on the loan secured hereby. Mortgagee sF.a:l frcm tfine to time not;fy mortgagor in writfng of the amowt due and payable hereundrr and such sum shail lhereupon be due and . abfe on the due da~e of the ~ext month!y paymem and eath successive month thereafter ur,tit mortgagee shall notify mortyagor of a change in such ~:~unt. Such sums shail be applied by mortgagee toward the payment of real property taxes, insurance prem:ums, a~id mortgage guaranty insurance . ~~-erniums. IN Y~ITP~ESS WHERcOF, the said MORTGAGpR has hereunto set his hand and seal the day and year first aforesaid. S~gned, Sealed and delivered in the presence of: , - Sesl) (Seal? , ~Seaq ~ ~Seal) S' TE OF fLORIDA 1 ~OUNTY OF St . LUC1@ ~ , Before me persona!ly appeared Walter lV. Lu~ton and ~ , S SS/ZVIa R. (.LlptOfl his wife, to me well known and known ~ th~ individuais desuibed in and who ex $ 1 V la Rt,~ j,u~tOn ~strument, and acknowledged before me that they executed the same fw fFip ~yr~ rh=rein expressed. And the said y • ~ ~ .v~fe of ~?K sa~d _ Walter W. L.upton „po„~~~,~~.a~d,ipr~~a~e ~ e<a~n~nat~on by me taken separate and apart irom her said husba~d, atknowfedged to a before me that she executed said instrumetit fr~e{y and vp{urF rar~Iy and wrthoot any computsion, constraint, appreheIn,sLion, or fear of or from her said us ,t~t~ - WiiNf55 my hand and official seal this~X/L day cf _ q_~, y~.~ _ ~ • _ ~ tary Public in and for the te 9f- a st l ` My ~omm~ssion expircs: ~ , Return To: .il1~nG,Q~ ~.~~r~`~j~ First Fedeta! Savinga E~ loan Association YY COMMISSIUtI QPfR~S;O~. ~ 1975 ~ Of fort P.erce_ Bonded Tnru Genenl ~nsyr~q«~~~rdtwa, , Fort Pierce, Florida ! / fllf0 ANO aEC0it0E0 ' ~ a-~ q- 7 5 Z1.LUCIE CflUNtY fLA. : ROCEF P01fRAS s This Instrument Prepared By John W. ~i K C! ;;.UI` COUitT ~C ~ Cou;~vS REC~~YERIFIEU~~~r~i~rr # First Federal Savings 8~ Loan Association # of Fort~Pierce ~ F2orida A,.t 3 9 Z8 N~ ~ Checked By ,E~_.-____ u,I 23~989 o R ~ BOOKzos P~z~ js . i~ . _ _ ~ _