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Home My WebLink About2405 3. To plate and continuousty keep on the bui:dings now or hereafter situate on sa7d land and on aI~ equip~nent and personally covered by this mor e9e, w~~h a!! przm~ums ihereon pa~.~ ~n full, ine insurance in the usuat ata~xlard policy form, in a sum aNproved by the MI~R~vAGEE, and w~ndsto insurance in ihe usual sranda~d poi,cy form, in a sum approved by the MORiGAGEE, in such company or compan:es as the 6tORTGAGEE m direct; a~d ali 1irQ and w~ndsrorm inswance poJic:es on any of said bui{d~ngs, any interesl therein or pa~t thereof, ~n the aggregate wm atoresaid in excess the.eof, shatl :o~tain ~he uwal stand~rd mortgagee dause or such o~he~ clause as ~he Mortgayee may requ~ro, making the ioss unde. sa~d po cies, each and every, payabfe to sa~d h10RTGAGEE as us ~nterast may appear, and tach and every wch po~lcy s6af1 be p~om~uy ass gnFd a~~d de~rvered ~ any held by sa~d b10R1GAGEf as furthsr seturity to sa~J mortgage debt, and, not less Ihan ten (101 days in advance oi ~he expira~ion of each pollcy, to d. liver ta said MORTGAGEE a renewal thereof, together with a receipt lo~ the premium of such renewat; and thrre shal~ be no f,re o~ windstonn inawant placed on any of said buitd~~gs, any inte~est there;n w parl thereof, onless in the form and with the loss payable as aforesaid; and in the evero any sun of money beco~pes payable under wch policy or poGcies said MORiGAGEE shall have the opuon to recei.e a~id appty the same on account of the indehtcd ness secured her~by or to pe~mit said MORiGAGORS to receive and use it o: any part the:eol io. o:i~~ ~~.ur:_cses, .v!+hout ~hr, ,v~i~~.~3 cr ~~np~i~ ~ng any equ~ty, lien w r]gtit undcr or by v+rtue of this moc'gage; and in the event sa~d MORTGAGORS shall `.or any reason (aif to keep the aa~d prem~s~s so insur~d, or fail to de~iver prompily any of said pol~cies of insurance to said MORIGAGEE, or faf! promptly to pay fu::; •zre~niwn ehr~efor oi in any respect fai! to perfo~m, d,scharge, exetute, effect, complete, co,nply with and abide by th~s covenan?, or eny part hereof, said MURivAGEE may piace a~~a pay for such irtsurance or a~y part thereof withouf waiving or affectirg any option, lien, eq~~iy, or right under or by vi.tue of this Morfgage, and thc full amou~t of each and every such payment shatt be i~r.mediarely due and payable and shaf! bra~ intr~est from Ihe date thereoi until paid at the rate o1 nfne per cem~m per ar.n~~n and to~eth~•r ~nith such incerest shali be srcured by the lien of this mortgage. To permit, tommif or sufier no waste, impairment or deterioration of said property or any patt thereof. 5_ To pay all and singular the coat:, charges and expensss, including a reasonable attorney's fee and costs of abstracts of title, incurred or paid at any time by sa~d MORiGAG:E, beca~ze or in the event oi the failwe on the parl of ~he said MORTGAGOR to d~ly, prompdy and fu~ly perform, d~scharge. =xecute, effect, comptefe, comply w~th ard ab:de by each and every the stiputar~ons, agrecmeMS, cond~tions, and covenants of said pro:nissory note and this n:~::y~~e any or e~ther, and sa d costs, charges and expenses, each and every, shail be immediarely due and payabfe; whether or not there be nat~ce dy mand, attempt to collect or suit pend:ng; and the iul! amaunt of each and eYery such payment shalt bear imeres~ from the date thereof until paid at the r.,re o° nine per czntum Her annu:n; a~d a~l said costs, charges and expenses inturred or paid, together wdh wch intecest, shail be secured by the tien oF this mortgage. b. 7hat (a) in the event of any breach of this Mortgage or default on the part of the MORTGAGOR, or (b) in the event a~y of sa:d sums of money herein referred to be not promprly and tully paid w~~hin thlrty (30) days next afie~ the same severelly become due and payable, without demand or notice, o~ (c) in tha evem each and every ~he stipu;arions, a9reements, corsd~rions and to~enanfs oi sa:d promissory aote and th~s mortgage any or either are nm ~u:y, promptly and tully performed, dacharged, executed, effected, compteted, complied with and ab~deJ yy, the~ in e~ther w any such eveM 1he said ag g~egate sum mentioned in~said prom~ssory ncte thzn remaining unpa~d, with i~tere;t accrued, and all moneys secured hereby, sha71 become d~e and pay aDle forthwith, or th=reahcr, the option of sald MORTGAGEE, as fully and completely as if atl of the said sums of money were onginatly sGpulated to be paid on such dcy, anything in sa.d prom~ssory note or in thi= Mortgage to the contrary not~vithstand~ng; and thereupon or thereafTe~ at the op:ion of se;d MORTGAGEE, wirhour nonce or demand, suit at law or in equity, therefore or thereafter begun, may be prosecuted as if all moneys ariured hereby n~d rnatured pnot to AS ~nstitut~on. 7. That in the event that at the beginn~ng of or at any time pendi~g any auit upon this Mortgage, or to for~lose it, or to reform it, or to enforce payment of any ctaims here~nder, said MORiGAG~E shall apply to the Court havirtg ~urisd;ction ~hereot for ~he appointment of a Receiver, such Court shaH fcrthwith appo+nt a receiver of said mortgaged property all and singular, indud~ng all and singu~ar the in~ome, profits,. issues ar.d revenues from whatever source derived, each and every of whlch, it being expressly uoderstood, is hereby mortgaged as if speuficalty set forth and described in the granting and habendum ciauses beteof, and such Recei~er shail have a~l the broad and effeaive funct;ons and powers in anywist emrusted by a Cou~t to a Receiver, and s~ch appointment shall be made by s~ch Court as an admitt~ pquity and a mattcr oi absolute r~ght to sa~d MORTGAGEE, and without reference to the aJequacy or inadequaty of the vaiue of the property mortgaged o~ to the so.vency or insolvency of said N:ORTGAGOR or 1he defendants, and that s~ch renfs, profits, inco~ne, issues and revenues shatl be appiied by such Receiver accord~ng to the iien or equity of said MORTGAGEE and the practice of such CouR. 8. To duty, prompt!y and fully per(o.m, d~scharge, execute, eifect, complete, comply with and abide by each and every the sfi~ulations, agreements, ccnditions and tovenants in sa:d promissory note and th;s mortgage set forth_ 9. That in the event the ownership of the mortgaged pren,~ses, or any parf thereof, becomes vested in a person other ihan the MORTGAGOR, the h'ORTGAGfE, its successors a:~d assiqns, may, wiihout ~otice to the MORTGAOR, deal with such successor or s~ccessor in interest with reterence to ihis n,c-tgage and the debt hereby secured in the same mannzr as wiih Mortgagor without in any way vihating or d~scha~ging the tdortgagors' liability herc ~nder or upon the debt hereby secured. No sa;e of the prem~ses hereby mortgaged and no forbearance on Ihe pan oi the MORTGAGEE or its successors or assi9ns and no extension of the r~me for the payrnent of ihe deb~ hereby secu~ed given by the MORTGAGE~ or its successors or assigns, a~iall operate ro re!ease, d~scharge, mod~fy change or affect the orig~nal liau~{~ty of the MORTGAGOR herein, either i~ whole or in part, ' 10. It is sper•fically ag~eed that time is of the essence of this contract and that no waiver of any obl~gation hereunder or of the obligation se- cured hereby shall at any time thereafter be heid to be a wa~ver of the terms hereof or of the instrument secured hefby. 11. tn add;tian to thc forego'ng mortthly payrnents of prir.c aal and inrrrest ieq~ired by the prom;sscry no!e secured hcreb~, mortg3~~r tovenants ~~.d agrees to pay to mortgagee v~,rth each monrh!y paya,ent an ;dd~reonal sum est~n,ared b~ mortg~gee to be eq~ai to 1; 12 of the annual cost of the foflow- ~~,q: . ~ A-All reai properr~ taxes le•.i~d or assessed agai•~sr the above described real estate. B--0r~n,ivrns o~ f~re anJ vri~idstonn insurarce as herein requ~red to be ca.ried on the ~mprovrme~ts s~tuate on the above d~scribed premises. C-Premiu~-+s o:t s~ch mortg:;ge guaranty insura~:ce as mortgagee shatl from t'me to time deem fit to carry o~ the ioan secured hereby. hlortgage? sh.;!I f.cm ti-n~ to time notify mortgagcr in writ~ng of the amount due and payable hereundar and s~th surn sha(f ihereupon be due and ; 3,ab~e on the dve ciare of ~h~ riext month:~ paym.ent a»d each suctessive momh thereaft~r uctil mortgagee shall not~fy mortgagor of a change in such ~ ount. Such wms st a.l be app!ied by mortgagee roward the payment of real property taxes, insurance prem:ums, and mortgage guaranty insurante cremiums. IN WlTNESS WHFREOF, rhe said MORTGAGOR has hereunto set his hand and seai fhe day an~ ye fjrst ioresaid. Signed, Seal ~d ivered in the presence of: r~ • 1C OYla . (Seal) ~ y s ~a S { e(Seal) - ~ (Seal) (Seal) I S~ATE OF FIORIDA ~ S5. I COUNTY Of ~t._j,u -1 _ ~ Before me personally appeared Vietoria H Mondy~ a ai11g~A_ a~lt ' r ~nc~ ~ - ________________________~~-l~-~~~-~~~~!'CGiTe, to me well known and known to me to be tha individuay described in and who executed the foregoing instrument, and acknowledged before me that S~xecuted the same fot 1he purposes j rherein expressed. Ar~d.awa.Mid___ ~V+flrOF'1~flrlEld~~ ..~~~~~~~~~..~~~~~~~~~~~~~r~~~~~~~~~~~~~~r~~~~~r~r..~~~~~~~pl'7!!'SZ!'~7DIl1lTIRj"p/ITD1e i a~Miwa~~ by-rwe. t~aiRw saparat~ and-a*a~t-isow~l~ea wid-iw~b~x~dr atkrwwl~~d-s~ ~wd-4eio~e-rr~ti~at ~Ise~wetw«l s~ii +oMww~~n? ir~ely~.awi ~~k~ ~dwlyyl~•M~1NMM~~?~Nwl'V{6i~1A~C~7St~e:wA+rp~eMeMi ~fea~bFsn.S~ow?-hera~' ~h - „ ; WITNE55 my hand and official seal this- day of , ' a. b• 14-~. ~ , . . ~ Notary Pubfic in and for fhe Sr af A ~ at ~srqe f : 4~. My Commissiqn expires: . ~ . - Ret~rn To: NOTA Pt18:1C,•ST~ d: F[Ae~A =t L~~ first Federal Savings 6 Loan Associanon ~"~~R~S Q~C,,:,~ .]~j5 MY COMMtS ~~s~ Of fcrt P.crc~. 8ondp TAru'Glpqrsj'iq~~r~~~~ryripra , fort Pierce. Horide ' ~ ' ~ - . .ti" FIIED aM~+ kECORDE~ ST.lUC1E ~vUNTY flA. RO~E~ -'~1=nAS ~ i This Instrument Prepared By ~J. H. RObeTt.a~ERkG:: CU1T COURT ~ First Federal Savings 8~ Loan Association pF~~Rr ;<<-t•':EO ~ of Fort Pierce ~ F1or3da ~ ' Hor I 9 oi AH 7Z ' Checked By~_ ~ ~Ga~~~ ~,~240~ ! 241069 i ~ ~ ' - ~,a _ ~ :r~