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Home My WebLink About0774 3. To place and continuously keep on the bui:dings now or hereafter ~ituate on sa~d land and on alt equip~nent and personalty covered by lhis mo~ ege, w~th al{ premiums theteo~ pa~d in iull, fire insuranie ~n tha uwaf standard po'ity form, in a sum app~oved by ihe MORiGAGEE, and winds~~ insurante in iha usual standard pol~ty fo~~n, in a sum approved by the MORTGAGEE, in such toinpany or co~npanies as the h'ORTGAGfE m d~~eu; and all fire and w;ndsiorm insurance pol~c~es on any of sa~d bu~~dmgs, any inte~est there~n cr part thereof, in the aggregare sum aforesa~d in excess lhereof, shall cont~in the usuat s!a~~dard rnortgagee clause or such other clause as the hlortgayee may requ~re, maAing ~he ~oss undrr se~d po cies, each and every, payab'e 1o said 5~1pRTGAGEE as its interest may appear, and eacA and every such po:rcy shall be prumptiy aas gned and delivered ~ • eny i~rid by saici n10R:vAGEE as tur~h~r s.curity to ;aid r,:o:'gaga deb!, a^d, r.o! lese tben ten (l0y days ~d~a~~~e oi ~he exQiration of each policy, to d. Gver to said h10RTGAGEE a renewal thereof, toge~her with a rece~pt fo~ the premium of such rene+Va~; and there shail 6e no i~~e o~ windstorm insuronc placed on any of sa~d b~ild~ngs, any infereit therem or parr ~hereoi, unless in the fOnn and wiih ~he loss payable as aforesa~d; and in the event any sun ~ of money becornes payable vndrr such policy or pol~ties said MORTGAGEE shall have ~he optlon to rec.~ve and app!y tl~e same on account of the indebtrd t ness secured her~by w to permA said IAORTGAGORS ro rewive and use it w any part thereof lor o~h•.r pur;_:st•s, :.Uho.:t ~hr~u, ~1.:~•~~7 c~ ~'nP~~~ 1 iny any equity, lien w right under or by virtue of this mo:7gage; and in the event sa~d MORTGAGORS shall `or any ~easo~ fail to keep the s~id premisas so ~ ins~red, o~ fail to de~iver pro~nptly any of said pol~cies of insurance to sa~d MORTGAGEE, o~ fail pro~nptly to pay futly any p~e~»iurn the~efor or in any respect fail to perform, discharge, execute, effect, complete, co:nply with and abide by this covenant, o~ any part hareof, said MGRTGAGEE may place a:~o ; pay for such insurance or any pa~t thereof without waiving or affecling any option, lien, equ~?y, or ~ight unJer or by virtue oi ihis Mortgage, and the ~ f~ll amount of each and e.•ery such payment shafl 6e immed~ately due and payable and sha~l bear interest from the date thereof until pa~d at the rate oi i ~ nine per centum per annum and to~rther vvith Suth intereat shail be srcured by the lien of th~s mortgage_ k 4. To permit, commit a suffer no waste, impairment or deterioration of said property or any part thereo(. S. To pay al~ a~d singular the costs, charges and expenses, including a reasonable attorney's (ee and cosrs of abstracts of title, incurred or paid at nny ti~r.e by s~id MORTGAG'.E, heca~se or in the event of the fa:lure o~ Ihe part of the said MORiGAGOR to duly, promptly and fully perforrn, d~scharge. execute, effect, comptete, compty wnh and ab de by each and every the stipulanons, agreements, conditions, and covenants oi said promissory note and this rnortgage any o~ e~ther, and sald costs, charges and expenses, each and every, sha~l be immediately due and payable; whether or not there be not~ce d~ mand, attempt to cotlect or suit pend~ng; and ~he full amount of each and every such paymem shall bea. interest from the date thereof until paid at the ~ r.•~<~ of nlne per cens~m pcr an~~;,m; and ali said costs, ct,arges and expenses irxurred or paid, together wah wch in~erest, shail be secured by the lieo of sh~s : i mo~tgage. 6. That (a) in the event of any breach of this Mortgage or defa~lt on tF~ part of the MORTGAGOR, or (b) in the event any of sa:d sums of money hereirt refened to be not promptly and fully paid within th~rfy (30) days next aher the same severa'ly becor.~e due and payable, without demand or notite, ~r (c) ~n th<• event each ar.d c-~:y vhc ssEp~:a!:e.^.s, ag:°ements, cenclitions and covenants ot sa:d promissory note and thls mortgage any or ei~her are not ~uly, promptly and f~lly pe~formed, d.scharg~d, executed, effected, compteted, compi~ed with and ab~ded 5y, then in eifher w any such event the said ag- ~regate sum mentioned in said prom~ssory note then remaining unpaid,. with interesi accrued, and ail moneys secured hereby, shall become due and pay- a~:e (orthwith, or thereafter, a~ the option of said MORTGAGEE, as fuily and completely as if afl o~ thr said sums of money were onginally s~ipulated ro be paid on such day, aaything in sa:d promissory note or in this Mortgage to the conrrary notwlthstandng; and thereupon or thereafter at the option of s~:d MORTGAGEE, without notice or deinand, suit at law or in equity, therefore w thereafter begun, may be prosecuted as if all moneys secured hereby ~ r., d matured pr~or To its institution. 7. That in the event that at the beginning of or at any fime pending any suit upon this Mortgag~, or,;to fQrctlose it, or fo re~orm it, oi to enforce p~yment of any claims hereunder, said N:ORTGAGEf shatl apply to the Court having ~u~~sd~ction tFereof for~~the appo~ptLnent of a Receiver, 3uch Court shal) fc~rhwith appoint a rece~ver of said mortgaged property all and singular, includ~ng all and s~~~9u~ar ~he intome, p~olit3; issues and revenues irom whatever se~rce derived, each ar.d every of which, it being expressly understood, is hereby mortgaged as if spllMicalCy'~1afti and destribed in the granting and t,,bendum dauses hereof, and such Receiver shall have all the broad ar.d effeaive funct~ons and powe~.in•~nywise eAVUSted by a Cou~f to a Receiver, and s. ch appointment shatl be made by such Cowt as an admitted equity a~d a ma?ter of absolute r~ght tg~said MORTGAGEE, aod wiilqvi• rc(erente to the adequacy or inadeq~acy of the value of the prope~ty mortgaged or fo the so~vency or ~nsolvency of~ia`~~ lVIORiGAGOR or the defendants, and that such ic~,fs, profits, inco~ne, issues and revenues shail be appiied by such Receiver accord~ng ~o the lien or equity oi sa~d MORTGAGEE and the practice of such Court. ~ 8. To dul rom t! and full erform, dischar e, execute, effect, co lete, com ~ with and abide b each and ever the sti ulations, a reements, i Y. P P Y Y P 9 '^P P Y Y Y P 9 conditions and covenants in sa~d promissory note and th~s mortgage set forih. 9. That in the event the ownership of the mortgaged prem~ses, or any pa~t thereof, 6ecomes vested in a person other than the MORTGAGOR, the h'ORTGAGEE, its successors and ass~gns, may, wi~hout notice to the MORTGAOR, deal with wch successor or successor in irterest with reference ro th~s r.,o•tgage and the debt hereby secured in the same manner as with Mortgagor witho~t in any way vitiati~g or d~scharging the Idortgago~s' liability here- ~nder or upo~ the debt hereby secured. No sate of the Frem~ses he~eby mortgaged and no forbea.ance on the part of the MORiGAGEE or its successo~s ~r ass~gns and no exrension of the t~me for the payment of the debt hereby secured given by Ihe MORTGAGEE or its successws or ass+g~s, aiwll operate ro re~ease, d~scharge, modify change or affect the original liab~l~ty of the MORTGAGOR herein, either in whole or in part. 10. It is spec~ficalfy ag.eed that time is of the essence of this contract and that no waiver of any ob~~gatlon hereunder or of the obtigation sr = cured hereby shall a~ any time thereaher be he!d to be a waiver of the terms hereof or of the instr~ment secured herby. ~ s IS. In add.tiu~ to the foregdng month!y paymrnts of princ'pal and interes+ requered by the prom~sscry note secured hereb~, mortgagor covenants ; d agrees ro pay to mortgagee vtith each monrhiy pay~,:ent an add~~iunal wm estimated b7 mortgagee to be equal to 1; i2 of the annual cost of the follow- A-AI{ rea! p+ope:rty taars lr.i:d or assessed ag.3i•ist the above described real estate. B- P~emiums on fire and windsro-m ~nsvracce as here~n requ;red to be carried on the improveme~ts s~tuate on th~ above d;scribed premises. C-P~¢miumS On svth mOriqaqe 9~aranty ir.wranCe a5 morlyeyre si~dii (~u~r. i~rnr Iu ti~~i~ a~er~ii fit 10 Car~y On th@ iOdn SCCUtcd herety. i Mortgagee shail [rom rime to t~me notify~ mortgagor in writing of the amo~nt d~e and payable hereundrr and such svm sl.~~~ therr~~n be due and :~;able on the due aate of the next month:~ payment and each successive month thereafter ur,til mortgagee shali not~fy mortgagor of a change in such -,ount_ Such su:ns sha:i be ap~,:ied by mortgag~e toward the payment of reat property tazes, insurance prem~ums, a~id mortgage guaranty insurance ~ iremiums. IN ~'~ITNE55 V:HER~OF, the said MORTGAGOR has hereunto set his hand and seal the day and year first aforesai . >5~~,\ al ~d delive~ed in the p~esence of: ~ ~ (Seal) ± ' ~ (Seal) ' ~ . \ (Seaq lSeal) S?ATE OF FLORiDA ~ , , St Luc ie ~ COUNTY OF • 1 ; Before me personaily aP~a~ea _ Charlie Wilder and { E~hel Wilder his wife, to me well known and known to me to be tha individuats described in and who executed the foregoing instrument, and acknowledged before me that they executed the same fw the purposes the•ein expressed. And the said-_ BthQl W11C~@Y a,+fe of the sa~a _ Charlie Wilder ~~„~~~b}f0"ri~a~tjp s~et~ and private e.am~nat~on by me taken separate and apart from her said husband, atkrawledged to and before me that she executptl sdjd iF+skum~n~(~~ea(y and volun- rar:ly and w~thout any compulsion, canstraint, apprehens~/on, oLr ~f,ear of or from her said husband. ~ ~ WITNE55 my hand and of(icial seal this_ vC day of ~ Y 'A.'11,~~Q--ZZ- \ : ~ , - •'f ~ ~ • Notary Public in and !at tlk 51rt of.ftlrid at; LArge . My Commission expir~i: ~ , C . Return To: ' y~'•, r ~ First Federal Savings S loan Associat~on NOTARY Pl~~1C, STATE Ot_RORiDA et IARGE - OE Fort P.crce. MY COMMI IZ`.~'QptRES SEPT. 25, 1915 Fort Pi~~~ce, fkorida BOf1ACd By Art12tIC80'86rtkers Inwrance ~:o. i FtLEO AND RECOROEO ST. Lt1C1E COUMTY FLA. This Instrument Prepared By Ga?Yy F. Ellwood RaCFr. TD:TRAS First Federa~ Savings & Loan Association RECARf` V p;~ j~~ CQU~~~~ of Fort Pierce , Florida ~j Checked By -1~---- ~x R ~,~,0 1 PAGE 774 ~T f~ ~ 10 !IH ~71 ~98ss ~S