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Home My WebLink About2680 3. To ptace and conrinuously keep on the bui:dmgs now or hereafter a~tuste on sa~d la~d and on all equipmenl ~nd per~ona~~y covered by this mw age, w~th all prrn::ums thereon pa:d ~n full, lire i~uurance in ~he usual standard po!icy fo~m, in • sum approved by tha MORiGAGEE, ar,~ w~ndsto ~nsvrance in the usual standard poGcy form, in s sum approved by the MORTGAGEE, i~ iuch tomoany or tompan~es as the h10RTGAGEE m d~rect; and alt (~re and w~nJs~orm insurance po~~cies on any of sa~d build~ngs, any inte~est ~herein or part Ihereof, in the a99rrgaie sum afo~esaid in excess thereof, shall :onf~in ihe us~a1 standard mortgagee clause or such o~her clause as the Ma~ya9ee may ~equ~re, maMing thr wss unde~ aa~d po c~es, each and eve~y. payab'e ~o sa~d MORTGAGEE as ~ts interest may appear, a~d each and every svch po!rcy shail be prompHy ass gned and de~iverrd ~ any held by said MORIvAGiE as further s_curity to said mortgage debt, and, not less than 1en (10) days i~ advance of the exp~~at~on of each pol~cy, te d~ Gver to said MORTGAvEE a renewal thereof, iogetF~r with a ~ece~~t for the premium of such renewal; and there shall br ~o i~re or windstorm insu~anc placed on any of s~id buitdings, any interesl there~n or part thereof, unless in the form and wi~h the ~oss payable ai aforesaid; and in the evem any sun of monry becomes payab~e under wch policy ot poGcies said MORTGAGEE sha~l have the opt~on to recaive a~~d apply 1he same on acco~nt of the indebfed ness sccu~ed hereby or to permir sa~d MORiGAGORS to reteive and use it or any part the:eof tor o:h~~r ~:ure•osc•s, v.•~~~out th~~~ ui .v~~~~ ~3 u+~p~~r ~ng any equ~ty, lien or rigfif undrr or by virtue of ~his mor!gage; and in the event sa~d MORTGAGQRS shall tor any reason fail to kaep the sa~d premises so ~nsured, or fail to deLver promptly any of said poGcies of insurance ~o said MORTGAGEE, or fall promptly to pay fulty any pre~~uum ther~for or in a~y resprd lail to perform, d~scharge, execu:e, effed, comp~ete, comply with and abide by this covenant, or any part hrreof, said MGRTGAGEE may piace a•~d pay for such insurance or any part thereof wi~hout waiving a afiecting any option, lien, equtty, o~ right under or by virt~e of this Mortgage, and thc S~tl amount of each and e~ery such payment shall be immediate~y due and payable and shall bea? inte~est from ~he date thereof until paid at the rate ol n~ne per ca~Wm per annuin ond togrther ~n•nh svch intcr~st Shali be sxured by the lien oi thts morigage. 4. To permit, commit or suffer no waste, impairme~t or detzrioration of Said property w any part thereof. S. To pay all and singular the costs, chargea and expenses, inzluding a reasonable attorney i(er and costs of abstracts of title, incurred or paid at ~ny t~rre by sa~d MORtGAG:E, because or in the eveN of the failure on the paif of the said MORTGAGOR to duly, promptly and futly per(orm, d~xharge. exewte, efiect, comptete, comply w~th and ab:de by each and every the stipu~a~~ons, agreemems, conditions, and covenant: of said promissory note and this ~~orrgage any or e~rher, a~id sa:d costs, charges and ezpenses, each and every, shall be immed~ately due and payabie; wheiher or not there be nonce da .:~a:~d, attempt to collect or su~t pendmg; and the foll amoum of each and every such paymeN shall bea. imerest from the date thereof until paid a1 the u~ n~n~ per crnr~~n p~~r am~u~~r, and ail said costs, charges and expenses inturred or pa+d, together w~ih such interest, shall be secured by the lien of th~i mortgage. 6. That (a) in thr event of any breach of this Mo~tgage or default on tF~ part of ~he h10RTvAGOR, or ;b) in the event any of sa'd sums of mo~ey herein referred to be not oron,ptty and futly paid with~n thlrty (30) days next a4ter the same severa'ty become due and payable, without demand o~ nohce. or (c) in thr evero each and every ~he st~pu:ations, agreements, conditions and covenants oi sa:d promissory note and th~s mortgage any u either are not ~~:y, pro~nptly and fu11y performed, d.scharged, executed, effected, completed, compl~ed w~th and ab~ded 5y, then in e~~her w any such event the said ag ~r~~gate s~m memioned in said promissory note then remaining unpaid, with intere;t accrued, and atl mo~eys. secured hereby, shall become due and pay- ao',e Eorthwirh, or rheraafter, at the option of said A10RTGAGEE, as fully arcl comple~ely as if a~l 01 the sa~d sums of money were or~ginaL'y st~pulated ro be pa.d on svch day, anything in sa.d prom~ssory rwte or in this Mortgage to ~he comrary notwithstand~ng; and ~he~eupon o~ thereafter at the op~~on of s:~;d MORTGAGEE, wirhout nonce or demand; su~t at law or in equity, therefore o? ~hereaf~er begun, may be prosecuted as if all mooeys secured hereby n, d matured pr~or to ~ts institvtion. 4 , 7. That in the event that at the beginning of or at any time pending any suit upon lhis Mortga~e, pt fo 4qredox i1, o? to reform it, or to enforce Fayment of any cla~ms he~eunder, said MORTGAGEE shall apply to the Co~rt having jur~sd:ctio~ thereof for the appointment oi a Rece~ver, such Cou~t shail icrshwith appo~nt a receiver of said mortgaged property all and singular, indud:ng aIt and s~ngular the irtcome, prot~ts, issuas and reven~es from whate~c• scvrce derived, each a~d every af wh;ch, it be~ng expressly unde~uood, is hereby morrgaged as if spec~iically set iorth and described in the graming and F. ;:,endum r'avses hereof, and such Receiver shail have a~i the broad and effec!~ve funct,ens and powers in anyw~se emrusted by a Cowt to a Receiver, and s_ch appointment shall be made by such Court as an admitted equity and a matter of absolute right to said MORiGAGEE, and w~thout reference to the e.l~_y~oty or inadeqvacy oi tF.r vatue of the prcperty mortgaged or to the so:ve~cy or in;otvency o1 said MORiGAGOR or the defendants, and that such re~~~s, prot[ts, inco.ne, issves and revenues sheu be applied by such Receiver accord~ng to the lien or equity o( said M~RiGAGEE and the practice of such Court. 8. To dvly, prompt;y and fully perform, discha~ge, execuse, effect, complete, compiy with and abide by each and every the stipulations, agreements, ,onditions and covenanrs m said oromissory note and th;s mortgage set forth. - 9. That in the event the ownership of the mortgaged premises, or any part thereof, becomes vested in a perwn other than the MORTGAGOR, the :'.^,2?GAGEE, its successors and ass~gns, may, wi~hout notice to the MORTGAOR, deal with such ~utcessor w successor in irtterest with ieference to this • o•~gage and the d~_b~ hereby secured in the same manner as with t~lorsgagor without in aoy way vitiating w discharging. the h1o?igagois liability here- ~-~o<-r or upon the debt hereby secured. No sa!e of the premises hereby mortgaged ar.d no forbearance on Ihe part of the IAORiGAGEE o, its successors „r dSS~gns and no extens~on of rhe t~me for tne paymem of the debt h~reby secured given by the MORTGAGEE or its successors or ass~gns, a~~ail operate ro re!ease, d~scharge, mod~fy char.ge or af{ett the orig~nal liab~i~ty of the MORTGAGOR herein, either in whole or in part. 10. It is speuf~cal;y agreed that t~me is of the essence of this contract and that no waiver of any obligat~on hereunder or of the obligation s~ c~red hereby shal~ a~ any time thcreafter oe held to be a waiver of the terms hereof or of the instrumeM secured herby. 11. In sdd.t~c:i to the forcgojt9 month!y payments of pri^c'pai and intzrest required by the promisscry no!e secured hereby, mortgagor covena~ts ,,d agrees to ~ay to n~or!gagee v.rth each n~on~hEy payr.:ent an add~~ional svm es~~n~,ated by mortgagee to be equa7 to l, 12 of the amiua{ cost of the foliuw- A-Al! real property taxes tevied or assessed agai•1st the above described real estate. 6- Fr::,:!u~r.s on f~re ard .vindstorrn ~nsuracce as here~n requ:red to be carried on the improveme~ts s~tuate on the above described premises. i G-P.emiv^ z oo zuch n:oce:,-.oe 9~aranty ir.wrar:ce as mortgagee shall from r me to time deem fit to carry on the loan sec~red hereby. ` Kortgagee sh~ l'rcm h:,,e to s~me notify morryagor in writ~ng of the amount due and payable hereundrr and such w~~ shall thereupon be due ar.d i .abfe on rhr d~e dare of rne n~•at month'y payment and each successive month thereah~r until mortgagee shall not~fy mor~gagor of a change in such k1 ~unt. Such sums sFa7 be ap{~'ied by mortgagee roward the payment of real property taxes, insurence prem:ums, and mortgage guaranty insurance ! .`•c'mlVms. 1 ~ IN \'~IT~JESS :4'HEREOF, the sa~d MORTGAGOR has hereunto set his hand and seal the day and y ar first aforesaid ~ •S~g ed, Sealed~d deliqarrd i the presence of: ~ ~ ~ Q~ Seal) l+litness:~ Edward F. New erg , Jr. ~~ai~ Seaq !'~Wit ess~~ Sharon G. Newb rger t~ap 5 ~ ATE CF fIORIDA ~ SS_ "JUNTY OF Y~'~/ - ~ Before me personally appeared Edward F. NewberQer, Jr. and Sharon G. Newberger his wife, to me well known and known to me to be ind~viduals described in and who executed the foregoing instrument, and acknow{edged before me that they executed the same fw the purposes ? rh~.ein expressed. And the said Sharon Ci. Newberger Edward F Newberger, Jr. u n se a~ate awd r~wte ::;fe of the said _ - f~ •A.., P P~ ~~.am~nat~on by me taken separate and apart from her said husband, acknowiedged to and before me that she ezecuted said inJsltrurr~e~ Y 1-aifd ~O~un- 1 ~Y_. r~~~iy and w~thout any compulsion, constraint, apprei~ens! , w fear of or from her 'd hu ~ _ ~ ~i~ WISNECS my hand and offiual seal this_~?~ day of , ~b~Q;'39~ ~ r . Notary Public n and for t,~iite bf ~11w' t lpr9e 3'r ~ My Commission expires: 7; ~ = t~7 ~ Return To: ~:'z3ry ~L':~~', S ',~1 ,j A ~ First Federal Savings b loan Association ~~-~T ~ Y~~~~~~ ~`~x Fa f.<. - _ !a ~ Ot fort P ere?. . . ~ ~ ~d[s• : ~ i:: b~ Ar u:u~ F'~ ~C1'~ C~ ` i` ~ Fcri Pierce. Fterid3 .:•".s„~~`~~` ~ 7 yy. ~ fILE01?NO REC•Jllp~• ~ ' iT.lt1~1~ COUNTY fl< ~ . ~ Th~s Instrument Prepared By John W. Collins ROCER?01'iAS ~ First Federal Savings & Loan Association CIERK C:~tGUtT CdliI1T ~ ` ~ of ForT Pierce ~ Florida RECOR~i VEttIFtEa ' f Checked E3y~ ~ ~ I~ 07 ~ ~i 23910g ~y,~K z~6 PAGE26 ; ( 1C i . ;x ~ ^ ' _ . . ~~:x. ' , ' ~~s~ r~ ~ . .`~~~a r .i ~ -'i.» xsY~~ " { " _ ` ' ~~~~"`~.t_