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Home My WebLink About2340 3. To placa and continuously keep on the build~ngs now or hereafre~ ai~uate on iaid land and on aC eq~fp~nent ar.d personally cove~ed by this mor ege, wlth aU premiums thereo~ pa~d in (ull, fue insurance in ~he ~suat s~a~xlard policy form, in a sum aHproved by the MOR~GAGEE, and windsto ~nsurance in the uwal standard pol~cy form, in a sum approved by the MORTGAGfE, in such company or tornpanies as t~e h10RTGAGEE m d~red; and al! (iie and wmJatorm insurante policies on any of sa~d build~ngs, any inleresl ~herein or pa~t thcreof, in the aggrega~e wm aforesaid in extess thereof, sAall :ontain tha usual s~andard mortgagee clause o~ such other dause as t~e Malyag~~ .vay requ~re, making the ioss undr~ sa~d po :~es, each and every, payob!e to aa~d h10RTGAGEE as ~ts.interest may appear, and each and every wch po~~c7 shail be promptly assgned and delivered i any held by sa~d htORfGAGiE as further sec~~~ty ~o said ~uortgage debl, and, not less than ten (10) days in advance of the expiration of each poGCy, to d. i~ver 1o said MORTGAGEE a renewal thrreoF, together with a receipt tor the premium of such renewol; and ti,ere ahall be no i~re o~ windstorm insuranc plated on any of said build:ngs, any interest therein o~ parl thereof, unless in the form and with ~he loss payable os aforeiaid; and in the event any sun of money becomes payabie under such policy or poGcies said MORTGAGEE shall have the opf~on to receive and app?y the same on account of the indaGred ness secu~ed hereby or to pe~mit said MORTGAGORS to receive and use i1 or any part the;aol to~ oci~•_~ ~.urp,os~•s, ~.~rh;~t ih;+~~~ wc,.i.,3 cr ~n,p..i. ~~g any equ~ty, lien o~ right under or Ly virtue of this mo:tgage; and in the event said MORTGAGORS shall fo~ any reason (ail to krep the sa~d premises so mwred, or fail fo delive~ p~omplly any of said poiicies of insuran~e to sa~d MORIGAGEE, or fai! promptly to ~:ay t~~~y any prenil~m therefor or in any respect tail to perform, d~scharge, execu~e, efiecl, complete, comply with and abide by Ih~s cove~ant, o+ any part hareof, said Mt~RTGAGEE may place ano pay fo? such insurance or any part thereof without waiving w affecting any Option, lien, equity, or r~~ht under or by virfue of this Mo~tgage, and tbe . tull amounf oF each and every such payment shall be immediately due a~d payable and sAall bear inter~~st from the date thereof umil p~~d al the rate ol n~ne per cemum per annum anJ to~ether wit~ such interest shali be secured by the lien oi this mortgage. 4. To permit, commi~ or suffer no waste, impairment or deter;oration of said prope~fy or any part thereof. 5. To pay all a:xl singular the costs, charges and expenses, including a reasonabte attorney's fee and casts of abstracts of title, incuned or paid at any lime by sa+d MORIGAGfE, because or in the event of the failure on the part of ~he said A10RTGAGOR to duly, pron,ptly r^d fully perform, d~scharge. ~~~cute, eifect, complete, canply w~th and ab;de by each and every the stipulations, agreements, conditions, and covenanrs of sa~d prom~ssory ~ote and this .~~orrgage any or either, and sa:d costs, charges and expenses, each and every, shaU be immediately due and payable; whether or not there be not~ce dp n,and, attempl to colled or suit pend~ng; and the full amount of each and every such payment shall bea. interest from the date thereof paid af the r. r,, o~ nine per centum prr an~~uar, ond ai! said costs, charges end expenses incurred or paid, t~.jarher ~vrth such interesl, shall be fecured by the lien of this morlgayC. 6. That (a) in the event of any breach of this Mortgage or defaull on the part of the MORTGAGOR, o~ (b) in the event any of aa:d sums of money t~•,re~n referred to be ~o~ pranptly and fully paid within thirty (301 days nexf after the same seve~a!!y become due and payable, without demand or notite, or (c) in the event eath and eve~y the stip~tations, agreements, conditions and covenants ot sa d promissory oote and th~s mortgage any or e~ther are nol j~ly, pro~~ptly and fully ~,erformed, d;scharged, executed, effected, completed, compl~ed w~th a~d ab~ded 5y, then in e~ther w any such event the said ag- aregate wm mentioned in said prd'inissory nore then remaining vnpaid, with inteie;t atuued, and af1 moneys secured hereby, shall become d~e and pay- ao e forthwith, or thereafter, at the opt~on of said MORiGAGEE, as fuily and completeiy as if aIl of the said sums oi mo~ey were onginally st~pulated ro be paid on such d~y, anything in sa:d pro:nissory notp or in this Mortgage to the tontrary notwithstandi~~g; and fhereupon or the~ealter ai rhe opt,on o! 5~.d MORTGAGEE, withovt nor;ce or demand, suil at law or in equity, therefore or thereatter begun, may be prosecuted as if all mo~eys secu~ed hereby ? n.:d maWred pnor to rts institut~on. 7. That in the event that nt the beginning of or a1 any time pending a~y suit upon this Mortgage, or to iorectou it, or to reform it, or to enlo~ce ~ payme~t of any cfaims hcveunder, said MORTGAGEE shall apply to the Court having ~urisd~crion the~eof tor the appo~ntment of a Receiver, sucfi Court shail fcrthwith appc:im a rece~ver of said mortgaged property al~ and singular, indudmg aN and singular the irtcome, profits, issues and revenues from whatever s~~rce de~ived, each and every of wh~ch, i~ being expressty understood, is hereby mor~gaged as if spec:fically set forfh and described i~ the graming and t,~bendum dauses hereof, and wch Rece~ver shail have all the tx.xd and effect;ve funct:ons and powers in anywise entrusted by a Cou~l to a Receiver, and s. :h appointment shall be made by such Co~rt as an admined equity and a maiter of absolute right to w~d MORTGAGfE, and without reference to the ad.,quacy or inadeq~acy of the value of the property mortgaged o~ to the so.vency or ;~so:vency of sa~d MORTGAGOR or the defendants, and that such r•_•,rs, profits, inco~ne, issues and revenues shall be applied by svch Receiver accord~~~g to the lien or equity of said MORTGAGEE and the practice of such i CourL ~ 8. To duly, promptty and fu!!y perform, discharge, execute, eifect, complete, comply with and abide by each and every the stipulations, agreements, ~ co:~ditions and covenants in sa~d promissory note and this mortgage set forth. 9. That in the event the ownership of the mortgaged premises, or any part thereof, becomes vested in a peryon other than the MORTGAGOR, the ~ h:~RTGAGEE, its zuccessors and ass~gns, may, wirhout norice to the MORTGAOR, deal with such successor or successor in iMerest with reterence to this ! e•tgage and the debt hereby secured in the same manner a; wlth fdortgagor w~thout in a~y way vit~ating or d~scharging t6e Mortgagors' liability here- i ~.:~,der or upon the debt hereby sewred. No sale of fhe premises here6y mortgaged and no forbearance on the pari oF the 1~10RTGAGEE or irs successors j or assigns and ,~o extens~on of the t~me for ~he payment of the debt h~reby secu.ed qiven by the MORTGAGEE or its successors or ass~gns, af;all operate ~o release, d~scharge, modify change or afiect the o~~ginai liauitiry of ~he MORTGAGOR herein, either in whole or in part. 10_ It is spec~f~:ally agreed thar time is of the essence of this contrad and that no waiver of any obl~gation hereunder or ot the obligation sN cured hereby shali at any time thereafrer be he:d to be a wa~ver of the terms hereof or of the instrument secured herby. 11. In a;id tle~ to the forego'~ig month!y paym_nts of p.inc'pal and ineerest required by the prom sscry no!e secured hereb~, mortgagor tovenaMs ,~.d ag~ces to pay ro mortgagee v.ith cach men!hly pa~r,ient an add~rional sum csun,ated by mortgagee to be equal to 1, 12 of the annual cost of the folfow- A-All real property taxes leiied or assessed agai~~st thc above described real estate. . B- Prem;u~ns on fire and w~ndstorm Inw~ar.ce as herein requ~red to be carried on the improvemehts situate on the above d=scribed premises. C-Premiums on svch mort~sge guaranty insurar,ce as mortgagee shall from t~me to time deem fit to carry on the loan secured hereby. Mortgagee sha~l from tin,e to time notify mortgagor in writing of the amount due and payable hereundar and such surn shall thereupon be due and ~ ,,;able on the due date o.' the next ~nonth:y payment and each svccessive month thereafter ur.til mortgagee shall notify :nortgagor of a change in such ~ ~ ount. Such sums sha:l be app!ied by mortgag?e toward the payment of real property taxes, insurance prem:ums, and mortgage guaranfy insurance :re~niums. i ' F IN \YITP~ESS VJHEREOF, rhe said MORTGAGOR has hereunto set his hand and seal the day an ear firyt aforesai ~ Signed, Seal a dei" ered inthe esence of: C'~~'/~"``~ ~ l~~i' ~ - r~ ~ _ e -~Z/ o er . Sc re e r sear~ ; ~ ' :.11t-`r'~ (Sea1) i _ _ ylli M. Schreiber ~~a~~ ~ (Seaq i S~ATE OF FLORIDA i t ~ i ~OUNTY OF -~t . ~uC 1Q i # ~ Before me personally appeared Robert A. Sehreiber a~ ~ ~~11111~5 M. Sehreiber his wife, to me well k~own and known to me to be rh= individuals describ-ad in and wFw executed the foregoing instrument, and atknowledqed before me that they executed fhe same for the purposes th~rein expressed. And the said Phyl11S M• Sehzeiber r.;fe of the said Robert A• Sehreiber upon a separate and private exam~nat~on by me taken separate and apart from her said husband, ackrawledged to and before me that she executed said instrurnem freely and voluo- tar~ly a~d w~tf~out any computsion, constraint, apprehension,",pr fear of or from her said husband. WITiYESS my hand and official seaf this ~ 7« day of ~ er A D. 19 72 / 7 : : Notary Pub!i and for tfie tate of Florida at LargeJ ~ My Commis n expires: ` l9 73 Return To: ~ : '~7v~ d.-~... Firs? Federal Savings b loan Assodat~on _ Of fort P;erce. '~Y ti~ ~ fILEO AMO RECpRDEO Fort Pi~.ce. Florids : b. . , aT, LtlCIE CBUNTY fLA. . r'. . _ ~ ROCER POITA,IS ~ tc., ' Y ~ ~ ~ ~ r couat c ~ ' R=rrq , . -j ' ~ 'F ^ i This Instrument Prepared By J.H. Roberts:, :~t r ; ~ ~ 1/~?T JI 12 4s PH ~1 z First Federal S~vings & Loan Association ~ , ; = ; ~ of Fort Piercey Florida ~ ' 3 ' • - Checked By C~' 2~~ ~ ~S t! R E ~JGK ~O~ PACE~N~ i , ~ --a - ~ _ ~ :~y~ ?zi j~ I `~u