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Home My WebLink About1021 3. To piace and continuousiy keep on ihe bui'd~ngs now or he~eafter aituate on sa~d land and on ali equipment and personally covered by this mor ege, w[1h ail prrn~iu~ns th~•rcon F,a d in full, fire insurance in the usual standard pol~ty form, in a su~~ aHpro~ed by the MOR~v.>GEE, and windsto ~nwrance in the uwal sfanda~d pol cy fonn, in a sum appro•+ed by the M~RTGAGEE, in such tompany or companies as the 1+10RTGAGEE m d~red; and all fue and wmdi~orm i~~s~ra~ce poifues on any of sa~d b~ild~ngs, any inte~est therein or pa.t thercoi, in the aggrega~e wm atoreia~d i~ eacees th~~reof, shatl cont:.in the usual ataoda~d mortga9ee clause or such otha caause as the Monyagee may requ~re, maAing the toss under sa~d po c~es, each and every, pay~F;'e ~o sa~d A1pR1GAGEE as ~rs imerest may appear, and each apd every such pe~icy sliall be promplly a35 gnrd and de~ivered ~ any he!d by sa~d P.10RiGAGEE as furiher security to sa~J n~ongaga debt, and, not tees than ten (101 days in advance of the expirat~on of each pofcy, to d~ Lver to s~id MORiGA:~Ef a renawal thereof, togethrr with a rece~pl for the premjum of such rp~ew~;iand'~hcre shall ba no f~re or windstorm inwranc placed on any of sa:d bui!d~ngs, any intereat thcre~n or pait thereof, unless in~he form and with the Ib~.pay~le as afo~esaid; a~d in the event any sun of money beco::;es paYab!e under s~ch policy or pol~cies said MORTGAGEE sha0 have fF~ opiion to rec•_~ve and apN!y the same on accouM of ihe indebt~d ness secureJ hrreby ar to per~nit said lAORTGAGOR$ to reeeive and use it w any part the:eof ior o:n•,r Hur; oses, .,alw~t th_r. u~ w~i~+~ ~3 c~ ~•~~p••~r mg any eq~rty, lien Or r~yhf under or by virtue of this mortgagr; and in the event sa;d MORTGAGORS shall ,'or any ~eason fail to kcep the sa~d premis=s so insvred, or (ail to de'~ve~ promptfy any of said ~licies of insurance fo said M02TGAGEE, or fail promptly to pay fuily any premium thercfor or in a~y ~esp~ct fait to pe~torm, d~scharge, eaecute, effect, ca~~plete, co:nply wi~h and abide by this covena~it, or ar~y part hrreof, sa~d ~dGRTGAGEE may piace a~d pay for s~ch insur.,nce or any pa~t th~reof w~~hout waiving or affecting any option, lien, equ~ty, or ri~M under or b~ virtue of this Mortgage, and the 4~,i1 amD~nt of each and everv such oavment shal~ be immediately due and payable and shall b-_ar interest from tha date thereoF until p~id at the rate of ~r.e per ccnturn per annu:n .~nd to3rthar v~i~h wch interest shall be sctured by the lien o1 this mortgage• 4, To permi~, commit or suffer no waste, impairment or deterioration of said property or any part thareof. 5. To pay al! and s~ngular the cost:, charges and expenses, including a reasonab~e attorney's fee and costs of abstracls of title, incurred or paid at any time by said MGRTGAG:E, beca~ae cr in the event of the iailure on the pa~i of the said MORTGAGOR to duly, promp~ly and fvl~y periorm, dncharge. cute, efictt, tempiete, co~np!y w:th and ab:da by ea:h and every the stipulaY~ons, agreemcNS, conditions, and covenants o( sa~d p~om~ssory note and this ,•o+tgac~e any or e~~her, and sa:d costs, charges and expenses, each and every, shall be immed~ately due and payable; whrther or not there be notice d~ m;~id, attempt to coliect or svit pendmg; and rhe full anwum_ of each and every such paymem shall bear interest from the date thereof until paid af the •.+e o~ n~ne per c~~nt„~n N~r „n~~,;:i, and au sa~d costs, charges and expz~ises incurred or paid, together w~th such ~nterest, shall be secured by the lien of thif mo~tgage. • ' 6. That (a) in the event oF any breach oi this Mortgage or default on the part of the MORiGAGOR, or (U) in the event any of sa:d sums of money herein referred to be not prcmp~ly and fully paid within th~rty (30) days next aiter the same severa:ly betane due and payable, wi~hout demand or noticz. or (c} in fha event each and every the stiputatwns, agreemems, cofiditio~s~and ~ovenanrs of sa.d promisso~y note and th~s rtwrtgage any or e~~her a~e not i.~!y, promptly and fuily perfo~med, d:scharged, executed, eifected, completed, compiied with and ab~ded 5y, then in e~ther w any such event the sa~d ag y•cga!e su~n mentioned in said prom~ssory note then remainirg unpa~d, with intere,t aa~ued, and ait moneys secured hereby, shatl become due and pay ac ~ forthwith, or therrafier, at the opt~on of sa~d MORTGAGEE, as fully and comple~ely as if a!I of the said sums of money were or~ginaily st~pulated ro be pa.d on such diy, anyihing in sa d prom~s:ory note or in this Mortgage to the cont~ary notwifhsrand:~~g; and thereupon or thereafter a1 the opt~on of s~.d MORTGAGEE, w~thout not~ce or demand, suit at law or in equity, therefore w ihereafter begun, may be prosecuted as if all moneys secured hereby n. d,natured pnor to rts institut+on. 7. That en the event that at the beginning of or at any time pending any suit upon this Morigage, or to foreclose it, or to refo~m it, or to enforte F.~:ment of any ciaims hereundcr, said 7dORTGAGEE sha!I apply to the Coun having jurisdiction tFereol fo~ the appo~ntment of a Receive~, suth Courf shail r~ ~rl:with a,~point a rece~ver of said mortgaged proprrty al! and singutar, includmg all and singular the income, profds, issues and revenues irom whatever ~-ce derived, each ar,d every of wh~ch, it being expressly understood, is hereby mortgaged as ~f spec~fica!ly set for~h and described in the granting and ~ l endum ciauses her•of, ar.d svch Receiver shaN have all the broad and eff~ctive funce,ons and powers in anyw~se emrusted by a Court to a Receiver, and s_h appoin!ment shaU be made by svch Court as an admitted equisy and a maner of abs~lute rigM to said MORTGAGEE, and without reterence to the :-yuacy or inadequacy of the value of the property mortgaged or to the so~vency or ~nsoiventy of sa:d MORiGAGOR or the defendants, and that such +s, profin, inco~ne, issues and revenues shail be appfied by such Receiver accord~ng to the lien or equity of said MORTGAGEE and the practice of such C~urf. 8. To du;y, prompt!y and fvlfy perform, d~scharge, execute, effect, complete, comply w~th a~d abide by each and every the slipulations, agreements, c:,.,ditions and covenants ~n sa~d promissory note a~d this mortgage set forth. 9. That in ~he event the ownersh~p of the mortgaged premises, or any part thereof, 6ecomes vested in a person other than the MORTGAGOR, the Y~RTGAGEE, its successors and ass~gns, may, witFout notice to the MORTGAOR, deat with svch successor or successor in interest with reference to this ~-tgage ai:d the d_ut hereby secured in the same manner as with Mortgagor without in any way vitiating or d~scharging the ~dortgagors' tiability here- der or upon the debt hereoy scwred. No sa!e of the prem~ses h<reby mortgaged ar.d no forbearance on the pan of the IdORTGAGEE or its successon ass~gns and no ex~e~s~on of the time ior the payment of the debt here6y secured given by the MORTGAGEE or its successors or ass~gns, afiall operate ro re!ease, d~scharge, modify change or affect the orig~nal liab~l:ty of the MORTGAGOR herein, either in whole or in part. 10. It is- specificat{y agreed ~hat time is oi the essence of this contracr and ~hat no waiver of any obGgat~on hereunder or of the obligation se- c~red hereby sha~~ at any time thrreatter be held to be a waiver of the terms hereof or of the instrumeM secured he~by. I l. In .;dd ~:c i!o the ~orege ng rnonth!y paym^nts of p•inc pal and inferest requ~red by the prom'sscry no~c s~cured hereb~, mortgagar tovenants agr~es to pay !o n:brtgagee vs~ih each meeitF.iy pay~.~ent an add~r~ona{ wm esuneared by mo~tgagee to be eqval to 1; 12 of the ann~al cost of the follow- A-A!t real property taxes le•~ied or assessed agai•ist the above described real estate. 6 Fr~:, ~u :n o~ fire and ,~vh:dstc+•m ~nwracce as fiere~n requ~red to be carried en the improvements situate on the above d_scribed premises. C--Pre+r:ums or? such mortgage guaranty ir.wrar,ce as mortgagee sha{I from t~me to ti~r.e deem fit to carry on the loan sec~red hereby. ~ A',ortgagee sha:I from ii r~~ to t~me not~fy morrgagcr m writ~ng of the amount d~e and payable hereunder and such susi shail thereupon be due and ~ .,:bie on she d~e aare oi iFe neKt rr.onth!~ payment and each successive month thereafter ur.til mortgagee shall r.ot~fy mortgagor of a change in such ~~nt. Such su~rs sFa;i bz spF, +ed by mortgag^e toward the payment of real property taxes, insuran:e p~em.ums, and mortgage guaranry insurante . ~~~em~ums. ~ IN ~'rlTNESS 'NH[R~OF, rhe safd MORTGAGOR has hereunto set his hand and scal the day and y ar. first aforesait/. i , Seated and tiver in the esence of: ~~('C~,yt C ~i ~ (/22 a i) ` ~ V ' ncent James Lovalv.o ~~,i~ / ' (Seal) ~ ~ ~Yy alVO _ (Seap SiATE OF FLOkIDA 1 ~ 3U'JTY OF St . LiIC 1@ j ~ Before me personaliy appeared V1I1Cent Jame S I.OVd1V0 _ ' to me well known and know~ to me to be rr_~ individua; desc.;brd 'en and who executed the foregoing instrumem, and acknowledged before me that he executed the same for the purpo:es rhe-ein expressed. =.iRida~_ r ~.s#¢af~sa~ ~ap°o°aa°p~slsa°~ = a mmsaacho~r_,~tatoea s~aat ~rd~a~ad~eteeid~er~ttdaat4~ra~ad~-jt~t~faes~~hat a~e s~=s~i~k ~It~~ ~I~~~- ?~+l7c7ee~~slsma~ay~mm~s~z~aiatsp~m eo~,er~raea~~~as~ ; WITNE55 my hand and official seal this__ day of ~mber _ A. D. T9~ • . - . • • ~ ' ~ 1. ~ . . . ; Notary Public in and for the Stafp of F ida'at iatgp , c ~ My Comm~ss~on expires: N~TAR~f PU ~C~~S[A1E ot FLORIDAat IARGf ~ Return To: Fust Federel Savin s 3 toan Asiotiation MY COMNIISSION ~XPIRES :SEPT. 25, 1915 ; ~ ~ Qondl~ ~y~ Ar63rTw~ Bankecs Insutance -u. • i oi Fort G ~.,ce. - ~ " ~ - j Fort Fierce, Florida st ' - _ . ~ _ ' .:~iJ . : ,~i . '~`'y..;...~~ ~ . . ,'f'' : ~ ~ ` _ T This tnstrumefit Preparei~, Pjyt , Ronald L. Stutz First Fedecal Savings & Loan ~sSdtiation ; = pt ~Fqrt Piercg '~~`~Qkida 33450 p R E O~ ~ Checked By. ' ~~'t'~=.~~'. ~ 80GK~o~ ~AG ~ ~ ~ ~T._-.,,.,.~ ; ; . r:;:-~ , • ` 41 a "~"~.'.:.'x'~-. ~~4a ~ ~ ~ 3~-Le • ~y'".... ~izi";;~_