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Home My WebLink About1224 3. To place and continvously keep on 1}~e bui'd~n~s now or hereairer sit~ate on sa~d la~d and on aL' eq~ipmeN and prtisona~~y covered by th~s mor age, with all premiums thrreon Na:d in fuil, fur ins~~anca :n tne usual standard po~ity form, in a sum approved by thz MOR~GAGEf, a•~d w~ndsto inwrance in the usual swndard pu:.cy form, in a sum approved by the MORiGAGEE, in such tompany or tompanies as tAe ht02TGAGEE m d~rett; and all fire ar,d w~ndstorm ins~rance pol~c~es on any of sald buiidngs, any i~le~est therein ot part thzreof, in the aggregate swn aforesa~d ir. excess the~eof, shatl :on~ain ihe ~s~al sta~,d~rd morfgagee clause or such o~her clause as the Mortgagee may requ~re, mal.mg ihe ~ozs ~ndrr sa~d po c~es, each and every, paya!,!e to said 1~~JRTGAGEE as ~ts intcrest may appear, and each and eve:y such po!~cy shalt be prompuy ass gned and del~vrred t any he~d by sa~d h10RIGAGEE as iurther securify to said n:ortgagr debt, and, not less ~han ien (t0) days in ad:ance of ihe exp~~ation of each poi~cy, to d~ Irver to said MORTGAGEE a.enew•al theieof, toge~har wiih a receipt for the premium oi such renewal; and there shall be no fae or ~v~ndsto~m inwranc placed on any o( sa~d build~ngs, any interest there~n or part the~eof, un'ess in ~he fo~m and with the loss pavable as afo~esaid; and in the event any sun of money becomes payabiz under wch poi~ty or poLc~es sa~d MORTGAGEE shall have the oprion ro rrccive ~ud apply thr same on accoun~ oi the i+~dabtrd ness secured hrreby or to pern,~t s3~d MORTGAGORS ro receive and use it or any part the:~of tor osn•_r pur, cse~s. .,:iho.:t ih~•.~: .~c~~:~3 0• ~^~p..~' ing any equ~ty, I~en or r~yht under or by virtue ot this n,oragage; and in the event sa d M02TGAGORS shall for any reason fai! to kecp the sald premis~s so insurcd, or fail to defiver promptly any of taid polieies of insuranee to Said MORTGAGEE, or foi{ prompily to pdy f~~ly any pre~niu=n therrfor or in s~y respect fail to perfonn, distharge, eaecute, ef(ect, complete, comply wirh and abide by this covenant, or any par~ h~reoi, said MORTGAGEE may piace a•~e pay for such insurance or any part tfiereof without waiving or aifecting any optio~, lien, equ~ty, ot r~ght under or by virtue of th~s Mortgage, and the - - . . . . . . . . . _ . ~ - - tull dmount ol eath and CvEry Such paymem snau oa ~mmema~ery uvr e~ai {wpeu~e enu sne.i ure~ u~~r+<~~ ....~o r,,.~ - n~ne pcr cenrum per annum and +ogeih~•r with such interESt shal~ be secured by ihe lien of this mortgage. d, To permit, tommit or suffer no waste, impairment or deterioration of said property or any part thereof. 5. To pay all and singular the costs, charges and expenses, including a reasonable attorney's fee and costs ol abstracts of title, incurred or paid at a~~ time by sa~d MORTGAGfE, beca~se or in the event of the fa~lure on the part of the said MORiGAGOR ro duty, promptly and fu~ly perfor~n, d~scharge. ~.ccute, etfec~, mmplete, co•nply wnh and ab:de by each and every the stipulations, agreements, condi~~ons, and covenants of said p~omissory r.ote and th~s ~,ortgage any or e~ther, and sa.d costs, charges and expenses, each and every, shall be immediately due and payabte; whether o? not the~e be no~ice d~ mand, attempt to cotlect or suit pend~ng; and the futl amount of each and e~ery svch payment shall bear io~e~est from the date thereot until paid at the rr o; nine per cenrum Har ~nn,;:~.; .:~~c: a~~ said costs, charges and expenses ~rxurred or paid, together w~th such interest, shall be sxured by the lien of this mortgage. , 6. That (a) in the event of any b~each of this Mortgage or default on tFw part of the MORTGAGOR, w(b) in the event any of sa`d sums of money herein referred to be ~ot pro,npt~y and futty pa~d w~rhin thuty (30) days next after the same severa:ty become due and payable, w~thout demand o~ notice, or i;) in the event e;ch and every ~he s~ipu,anons, agreemen~s, co~disions and covenants of sa:d promi:sory note and th~s mortgage any or eithe~ are not ivly, pranpdy and f~liy perfonned, d:scharged, execured, eifected, completed, compiied with and abided 5y, then in enher or any such event the sa~d ag 3~: gatt sum mentioned in said promissory note then rema~ning unpa~d, with interest accr~ed, and ail moneys setured hereby, shall betome due and pay- ao e forthwirh, or rhereaher, at the opr~on of sa~d A10RTGAGEE, as fully and comptercty as if atl of thc sa:d sums of money were orig~nally s~~p~lated to be pa[d on such d:.y. anything in sa:d pro:nissory note or in this Mortgage lo the con~rary nor,rrithstand~ng; and thereupon or thereafter at the opnon of s~:d MORTGAGEE, without not~ce o. demand, suit at taw o: in equ~ty, therefore w thereaher begun, may be prosecuted as if all moneys secured hereby n d matured pnor to ~ts instit~t~on. 7. That in the event that at the beginning of or at any time pending any suit upon this Mo~tgage, or to foreclose it, or 1o reiorm it, or to enforce ~•.iYment of any ciaims he•eunder, said 1J50R7GAGfE shalt apply to ihe Court having jurisdittion thcveof for 1F1e appo~ntment of a Reteiver, Such Coutt shai? i;;rrh~vith appo~ro a receiver of sa~d mortgaged property all and singutar, i~dud~ng a~l and singu~ar the inco~ne, prol~ts, issues and revenues from whatever s: ~~ce derived, each and every of wh~ch, it k~ing express!y understood, is hereby mw?gaged as if spec:(~cally set farth and describzd in the g~anting and h.,:~endum dauses hereoE, ar.d such Receiver shati have aIl the broad and effective (upu.ons and powers in anyw~se emrusted by a Cou~t ro a Receiver, ar.d s ch appointment shait be made by s~ch Court as an ad~nirted equity and a maner of a6sol~te right to Said MORTGAGEE, and withcut reference ro the acleq~acy or inadeq~acy of tF.e value of ihe property mortgaged or to the so~venty w tnsolvency of sa~d MORiGAGOR or the defendants, and that such r_••~is, profits, inco~ne, issues and revenues shall be appi~ed by such Receiver accord~ug to the Gen or equity of said MORiGAGEE and the practice of such Court. 8. To duty, promptty and fut~y perform, d~scharge, execute, effect, complete, comply w~th and abide by each and every the stipulations, agreements, . ur.ditions and covenanrs ~n sa~d promissory note and thEs mortgage set forth. 9_ That in the event the ownersh~p of the mortgaged premises, or any part thereoi, becomes vested in a person other than the MORiGAGOR, the .'~RTGAG~E, its wccessors and assgns, may, wirho~t notice to the MORiGAOR, deal w~th such successor or successo~ in interest wirh reference to this ~.•-tgage and the debt hereby set~red in the same manoer as with Mortgagor witho~t in any way vitiating or d~scha~ging the I~Aortgagors' liability here- -.der or vpon the debt hereby aecured. No sale of the premises hereby mortgaged and no forbearance on the part of the IJVORTGAGEE or its successors er ass:gns and no exrenson of ~he time for th> paymem of the debt hereby secured given by the hAORTGAGEE or its successors or assigns, ahall operate ro re~ease, d~scharge, mad~fy change ar atfect the or~g~nai i,ab~i~ty of the NGRiGAia~R nerein, eiiner in wnoie or in pan. 10. It is spec~fica~iy agreed thar time is of the essence of this contract and that no waiver of any ob!;gation hereunder or of the obligation se- cured hereby shaii at an~ time thereatter be held to be a waiver of the terms hereof or of the instrument secured herby. 11. In aud,t:o:1 'o tiie icrege n~ ~no•ith!y payments of princ pal and interest requ~red by the prom!sscry no!e secured hereb~, mortga~or tovenants a•.d agrees to pay to ~.~.ortg:~gee v.~,h each ~r,onth'y p-3r~~ent an add~riona~ sum estin:ated by mortgagee to be equal to l,'12 of the annual cost of the follow- A-Afl rcal prcp^_~ty tax~s Eev~e~ or assessed og~i•~st th~ at~ove described reat es'~ete. g-pr~~~,~u „s on l~re and wir.dsrorrt: insurarce as nere~n requ~red to be canied on the im;;roveme~ts rt~ate on the above d_stribed premises_ C-Premiur s on such rewrtg; ge g~aranty ir.svrar.ce as mortgagee sha{I from t:me to time deem fit to carry on the loan secured hereby. M,ongagee sh:,!~ fran t~n,e to t~:ne ncrlfy morrgager ~n wr~t~ng of the dTOU!~~ due and payable hereundar and such su~~ sh~li thcreupon be due and ~ :,~~ble on !he dvc :iat~ of the neYt mo~~th:~ pay.,ent and each s~ccessive month thereafter uniii mortgagee shall notify mortgagor of a change in such ~ ovnt. Svch su~~+s s! F:e a~F~'~ed 'oy mortgag~=e roward the payment of real property ta,ces, inwra~ue p~em:ums, and mortgage guaranry insurance I :~.~rmium5. E IN ~~ITPJESS '::HEREOF, the sa~d MORTGAGOR has hereunto set his hand and seal the day and year first f said t Signed, Sealed a delivere in !he presence of: ~ Alfr L. TeSt «a~~ _ cseaq ~ - ' , (Seal) ~ ~ _ (Seaq 5?A OF FLORIDA u_ ~~~UNTY OF S't. Lucie 1 Before me perso~aliy appeared $1 frp,(~ T~ ~'g,Sf - _ and _ GW@I1ClOly21 T@St h~s w~fe, to me well known and known to me to be the individuals described in and who executed the foregoing instrument, and acknowledged before me that they executed the same for the pyrposes r~erein expressed. And the sa~d_- GW~d011~n T@St T . ~ ~ Alfred L. Test , ~ ~ .4~ e of the said - v on a separaje a~~ private ~ c.~m;natlon by me taken separate and apart from her said husband, acknowledged to and before me that she ezecuted lraid i~rume+p=free~ and,volun- ~a ~!y and w~thout any compulsion, constraint, appre e or fear of or from her said husband. O - . .J ~YITNESS my hand and offic~al seal this__~1~~ day of ~ ber ' JA. ~Q- 19 72 ~ ~ , V ~ No ry Public in an f0 tfi0, ~t~ pFFlorida~al~~tge ; My Comm~ssion expire ~ i ~ Return To: ' ~ ~ ~ f ~ First Federal Savings 8 loart Association ~kri~•• ~ O~ ~c~rt P.:`-c~'. ' ~ fo~t Pirr:•_, fl~ndj F~~EO a~coROeo ST.IUCIE COUMTY flA. ~ AOCEH ~~+tR~1S ~ This Instrument Prepared By G. F. EllW p~ ERK Ct~ CWT COURT~ ! First Federal Savings & Laan Association ~E~vRC VERtf+ED...--- ; of Fort Pierce tu ~7~ f , Flor id a ~T ZQ $ 1 ' Checked B~---___ - R ~~5~ 600K~O~ PAGF~~z4 - _ _ - - - - - fv~