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Home My WebLink About2690 3. To place a~d continuously keep on fhe bui'd~ngs now a hereafte~ ut~ate on sa~d land and on al? equ~p~nent and personally cove~ed by this mo~ ege, w~~F ail premiurns fh~~reo~ pa d in fuU, tbe inswance ~n ~be usu~l itar+~a~d poli~y iorm, in a sum approved by ?he MOR~G:.GiE, and windsto Insu~an~e in the usual standard pol,ty torm, in s wm approvrd by ~hs b17RTGAGEE, in wch to~»pany or ~ompan~es as the h10RTGAGEE m d~~ecq a~d all iire and w~~dstorm inswante polic~es on any of said buitd~nps, any in?eres! therein or part thereof, in the agqregare sum afaesaid in eacess thereof, shall :oMain fhe usual star.dard mortgagee uause w such other clause as 1he Mongagee may requ~ro, maMing thz ioss undr~ sa~d po c,e:, each a~d every, pay~b:e w said MORiGAGEE as i~s ~n~errst may appea~, and each and every such po~~cy shdll be p~Omptly ass gned a~~d de~~vered ~ any hetd by sa~d AtOkIGAGEE as further security to said mortgage deb~, ~nd, nof leu than ten (10) days in advance ol the exp~ras+on of each pol~cr, to d~ t~ver ~o s~~d h10RiGAGEE a renewal thereof, together with a receipt for the pre:nium oi such renewal; and there ahail be no Lra o~ ~v~ndsio~m inwranc p!aced on any of said build~ngs, any inte~es~ ~herei~ or part thereof, v~~ess in the fo~m and wirh the loss payable as aio~eaaid; a~d in the e•+ent any sun of money becanes payable uiuler such polity or poLcies said MORiGAGEE shall have the option to receive ar.d apply the same on acco~m of the indabted ness secured he~eby o.• ro permit said /AORTGAGORS to ~eceive and use it Or any parl 1he:eot tor a:ii~•r Hur; os~~s. ~•.:tho~~ ~h_n u, ~,,,;i.i ~3 cr m~p~ir ~ng any equ~ty. Gen or right under or by virrue of this mo:'gage; and in the event sa~d MORTGAGORS shall Eo~ any reason tail to k~•ep the sa~d premisrs so ~niur~d, o~ fail to drGver promplly any of sa~d pol;tizs of insurante to said MORTGAGEE, or fa~I p:on,ptly to pay fully any pre~~u.,:n thcrefo~ or in a~y iexprc~ fail to perform, d~scha~ge, execute, effect, complete, comply with and abide by this cove~ent, a any par~ hereof, sa~d MORTGAGEE may place a~~o pay fw such insurunce or any part ihereoF wnhout waiv~ng or aifeding any op~~on, I~en, equ~ty, or ngh~ u.,der or b~ v~rtue ol th~s Mortgage, and thc f~;; amo~ro of each and e.ery such paymrm shalt be immedia~ely due and payabl~ and sha11 bear interest from tha date thereof until paid at the rate o1 ~~:+~e pe~ c~n~urn pe~ ar.num ~nd to~rth~~t vc~eh such interest shau be s-xured by the lien oi this mortgage. d. To permit, commit or suffer no waste, impairme~t a deterioration of sa~d property w any part thrreof. 5. To pay all and singutar the costs, charges and expenses, inciuding a reasonable attorney i fee and cosrs of abstracts of title, in:urred or pa~d at +^v t:me 6y sa~d A10RTGAGEE, because or in ihe eveN of the failure on the part of ehe said MORTGAGO~ to du;y, prompNy and fulfy perform, d~acharge, cutc, efiec?, complete, co nply w~:h and ab:de by each and every the stipu!at~ons, agreements, cond~tions, and covenants of sa~d pro:niisory note and th~s , or~gage any o• enher, ar.d sa:d costs, charges and expenses, each and every, shall be immediatety due and payabte; wherher or not rhere be not;ce da -,~d, atre~npt ro co,~ect or suit pe~~d:ng; and rhe ful: a~nount of each and every such payment ahall bea. int~rest from the date therrof until paid at the u~ r.~ne uer cenr.,-n i~er aauwar, on~ au sa~d ccvs, cf~a~3es and expenses ineurred or paid, togather tvuh such imerasl, ahal) be sec~red by the Gen of this m.ortgage. 6_ Thar (a) in the event oi any breach o( this Mortqage o~ default on the parl of the MORiGAGOR, or ~b) in the event any oi satd sums of money her.~~n referred to be not pro~~~ptly and fully paid wirh~n th,rty (30) days neAt after the same savera:ty beco~:~e due and payable, witlaut demand or notice. or ;c) in th~ event each and eve~y tne stipulat~ons, agreements, conditions and covenants of sa.d promissory note and 1h~s moitgage any p either are no1 E j~Iy, pron,p~ly and fufly performed, d.scharged. executed, effetted, completed, comp~ied w~th and abided 5y, then in e~ther or any such eveN the sa~d ag• ' _ ate sum menrioned in sa~d romissor nore then remainin un aid, with interest accwed, and au mone s secured hereb shatl becvme due and j 9 P Y 9 P Y Y. paV• fo.~hwith; or rhereaEtcr, at the opt~o~ of sa;d MORiGAGEE, as fully and comple~cly as ii a!I of th~ said sums of money weie onginally st~pu:ated ~ be pa d on svch day, anyth]ng in sa;d prom~ssory note or in this Matgage to the conrrary nohvithstanding; and ~hereupon or the~ealter a~ the opnon of s~ i MORTGAGEE, w~tF.out not~ce or demand, suit at law or in equity, therefore or thereafrer begvR, may be proseculed as if all ~noneys secured hereby n. d maturcd pnor ro~ts mslitution. 7. That in 1he event that at the beginn~ng of or at any time pending any suit upon thii Mortg~ pr, to .fdeclose it, or to retoem it, or to enforce ;:~•{ment of any c!ai~ns he~eunder, said h10RTGAGEE shafl appfy to the Court having jurisd.crion thcreof for the apppintment of a Receiver, such Court shail t. •rhw;rh appanr a receivrr of said mortgaged property atl and singular, includ:ng atl and sing~ilar the iricocie, p~of~ts, issues and reven~es from wh.;rever s_ ~.cr drrived. ezch and every of wh~ch, it be~ng express!y understood, is hereby mor.tgayed, ~f if s~~el.fically set fonh and, d~tc,ribed in the granting and r•::endum c:auses hereof, and such Receiver shaN have al! the broad and effective funp;ons ar~d pewets in anywis•_~ entrusted by a Court to a Receiver, and ~ c:: appointment shail be made by such Co~rt as an admitted equrty and a matter of absotute' right to sa~d MORiGAGEE, and wishoui reference to the ,:~q~,r~ or inadequa;y of the val~e of the property mortgaged or to the so,vency or msotvency of said MORlGAGOR o~ the deFzndants, and ~hat svch ~^s, prof;ts, incane, issues and revenues shall be applied by such Receiver accord~ng to the lien or equity of said lylORrGA,~'iEE and the practice of scch :.ouri. . 8. To duty, promptly and fully perform, discharge, execute, effect, compfete, cortipSy wi~h and abide by each and every the stipulations, agreements, ~,~:ditions and covenams ~n smd promissory note and th~s mortgage set forth. 9. That in the eve~t the ow~ersh~p of the mortgaged premises, o~ any part thereof, beco~rees vested in a per~n other than the MORTGAGOR, the ~ RTGAGEE, its successo.s and ass~gnz, may, without no~ice to the MORTGAOR, deal w~fh such successor or successor ;n interest with reference to this ~ o-rgage ar.d rhe d~_ot hereby secvred in rhe same manner as with Morrgagor withaut in any way vit~ating or d~scharging the Mortgagori liabi~ity here- Jer or upon the debt hereby sec~red. No sa~e of the premises here6y mortgaged ar.d no forbearence on the part of the N10R1GAGEE or its s~ccessws ass~gns and nc exrension oi the t~me for the payme~t of the deb~ hrreby sec~red given by rhe MOR7GAGEE or its successo~s or ass~gns, afiall operate ro re~aase, d~scharge, modify thange or affect the original IiabiLty of the NORTGAGOR herein, either in whole or in pa:t. 10. It is spec:fically agreed that time is of the essence of tfnis coMracf and that no waiver of any obl~ga~~on hereunder or of the obligation se- cvr_d hereby shal~ at any time thereafter be hefd to be a waiver of the terms hereof or ot the instrument secured herby. 11. In ~:c. ; ro tF.e forege ~~g monthty µay:n~nts of princ pal and inte~esr requhed by fhe pror•i sscry no!e sctured Mereby, mortga~or covenants ~ d agrces to ;;oy to mo:tgagee v~ith cach mon~hly pay~.~ent an add~~ional sum csrimated by mortgagee to be equal to 1'12 of the annual cost of the follow- A-Afl real property taxas len~,a, or assesc_u agai•ist th~ above describcd reai estate_ 6 F~_:,; ~~rs on f~r~ and wir.dsror~n ~nsura,-ce as ne~eln reqv;re~ to be carr~ed en the ~mproveme~ts s~tuaee on tl,•~ above d_scribed premises. C-P~r.r.w:• s en wch n:ort~.-ge guar3nry ir.su.a~:ce as mortgagee shaii from i me to t~me deem fit to carry on the loan secured hereby. ~torrgaqee si~-'t Eran n~ne to ti~ne nor;f~ mortgagor m writ~ng of the a~:ou~t d~e and payabte he~eundar and wch su~i shall thereupon 6e due and t.!e on !h~• duc• tia+e o* th~ ~~~xs mo~th!y payment and each svccessive month thereafter urail mortgagee shall not~fy mortqagor of a change in su,h ,ns. Sucfi su:ns sta.+ t.e a,.F,;;ad 'ny niortgagee toward the payment of real property taxes, insuraice prem:ums, and mortgage g~aranty insurance !:1UT5. IN 4VITNESS LVHER~Of, the said h10RiGAGOR has hereunto set his hand and seal the day and year firsl aforesaid. Si ned, 5fa! nd delivered in the presence of: ~ / ~ss ~yc~C~ t ~ :~~~'v~ G~~ . _ ~ ~Seal) < . - • Ja?me s A . FOx (Sea~) _ ~ ~ {Seat) ' ' - ` - ~ Lila W. Fox (Sea?) 5? ~.TE OF FLORIOA St . Lucie ` ~ %UN7Y OF ~ Before me personally appeared _ .~aIDeS A. FOX and Lila 41T. FOX his wife, to me well known and known to me to be ind~viduafs described in and who executed the foregoing instrument, and acknowledged before me that they executed the same for the purposes i'~~~re~n expressed. And the sa~d._ Li la W F' OX r:~°e of the 3a:d James A. FOX upon a separate and p~ivate ~•-~-,,;nat~on by me ta~en separate and apart from her seid husband, atknowledged to and before me that she exetuted said instr~meM freeiy and voluo- _~::y and v.~thout ~ny m:npulsion, constraint, apprehension, or fear of or from her said husband. \Y~TNESS my hand and offiual seal th~~__ 3rd day of~~- ~-CtObel A D. 1972 " ~ ~1LZ.f7.~.r~ ~ ~ ~ Notary PubGt in and for t(x S tgof'ffdA~ at t~rye , { ~ My Commission expires: : , . Return To: NbTAi~,~f PIALI~, SFATE Ot~RORIDA at LARGE F~rst Federal Sav~ngs b toan Associat~on ~ mM ~1U N F~(PIRfS~SEP~.25. 1975 of ?:,~r P~-~e. i1LE0 AM4 RECOROfO 8~~+?~?~ ~1~ Fort Pi~:ce, Flor~~3 it.~(~I~ CO~M~ " 7' • aocE~ ~o:ia~?s ~ ~ ' • _ _ - C~ERK C:":GU1T COUR . ' RfC~ROvER~FIEO ~ ,~.~'''•••~'~~y, ~ Th~s Instrument Prepared By Dennis R. Holerge ~ First Federal Sav;ngs 8. Loan Association '~ct ~1 it os AH 7Z . of Forr Pierce ~ Flozida Checked ey "39~1`~ BO~K ~O6 PAGE~G,U86 ~ I dz - - - - - ~ ~ Y~ ~ ~ ~ ~ , : : ~~~F~"~a~~~ _~.._~.~~=~.,~,.r:~ _ ~m.~..~~