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Home My WebLink About2415 3. To p~ace and continuous~y keep on the bu~:dings now or hereafter eituate on sa~d land and on ali eq:,ipn,enl and personatly covered by this mw ege, wlth all pren.iunu ~hereon pa:d in full, f~re insurance in the usval standard po~~cy lorm, in a sum aHproved by the MORiG:.GEE, and windsto ~nsurence in ~he usual standard poLcy fonn, in a sum approved by the MORTGAGEE, in wth tompany or tom, an~es as the MOR7GAGEE m d~recr, and all lire ard w~ndstorm insurance poGcirs on any of said bu~rd~ngs, any interest therein or part fhe+eof, in Ihe a9gregate su~~ aforesald 7n excess thereoi, shall :ontain the uwal sfar.dard nartgagee clause or such other clause as ~he hiortgagee may requ.re, making ~he ioss unde~ sa~d po des, each and every, payab`.e ~o said lIJRiGAGEE as ~ts iM~r~st may appear, and each and every svch po~~cy shat: be promptly ass gned and de~:vered ~ any held by said h10RfGAGff es f~rth_r s_<un+y ro sa~J mongage debt, and, not less lhan ten (10) days i~ ad~ance of ~he expiration of each poGCy, to d~ ~~~er ~o said MORTGAGEE a renea.a~ therrof, together with a receipt for tAe premium of such renewal; and there shall be no f;re o. wh~cistonn ins~ranc placed on any ol said buildings, any irocrest the~e~n or part thereof, untess in rhe form and with the loss payable as aforesa~d; and in the event any sun of money becomes payable under wch policy or poGties sa~d A10RTGAGEE shall have the opt~on to rec_•~ve a~~d apyly the sa~ne on accou.~r of the indrbtad nes: sccured hereby or .o pennit said IAORTGAGORS to reteive and use it w any part thercof for o:h~~ y;u~p osrs, v.:rt,o~t rh,•.;,; .s..,~,.~7 ~r e~>:~~i. ing any equity, tien or right undt>r or by virtue of this mo~egage; artd in the event sa d MORTGAGORS shaU `o~ any reason fail fo keep the sa~d premises so ~nsured, o~ fail to deliver p~o~nptly any of said policizs of insurance to said MORTGAGEE, or fad pro~nptly to pay 1ully any pre~niu~n therafor or in a~~y respect 1a1~ to perform, discha~ge, execute, effect, cwnptete, co~nply with and ab~de by th+s covenant, or any p.~rt hrreoi, said MGRTGAGEE may piace a~o pay for such ins~rance or any part thereof without waiv~ng or affecting any option, lien, equ~ty, or ~~ght unde~ or by virtue of ~his Alortgage, and the f~ll amo~~t of each and e.ery such payment shall be immediately due and payable and shalt bear imerest from tha date thereof unr~l pa~d at the rate o1 n~ne per cenrurn per annu,» and toge!her »irh suth interest shali be sec~red 6y tfie lien of this mortgage. 4. To permit, coinmit or sufier no waste, impairment or deterioration of said property or any part therrof. 5. To pay all and singular the coxts, ci~arges and expenses, i~cluding a reasonable attorney's (ee and costs of abstracts o( tit~e, incurred or paid at an•y tin,e by s~~d MORTGAG:E, because or in the event of the fa~iure on the pa~t of the said MORTGAGOR to duly, prorr~ptly and fu:ly pe~fonn, d~scharge, .x~t~te, effec?, temp:ete, comply w~th and abde by each and every the stipulations, agreements, cond~tions, ar.d tovenants of sa~d promusory note and this .,,ortgage any or e+~her, and sa:d ccsrs, charges and expenses, each and every, shall be immed~atety due and payab:e; whether or not there be not~ce da mand, attempt to coliett or svit pend~ng; and the fvll amoum ef each and every such paymen~ shall bear interest from the date thereof until paid at the r~e oi nine per ccnt~m per ~n~~u:»; and dll said costs, charges a~.d expenses ;ncurred or paid, tocethcr .v~th wch interest, shall be sewred by the lien of th~s mortgage. 6. That (a) in the evenf of any breach ot this Mortgage or default on tlw part of the MOAtG~GOR, or (b) in the event any of said sums of money hercin refe~red to be not pron,ptly and futly paid within thirty (30) days next atrcr the same severa:ty become due and pay~ble, without demand or notice, ~r (c) in thr event each and every ~he stipuiatio~s, agreements, co~ditions and covenants of sa:d pron,issury norr and th~s mortgage any or ei?her are no1 1vty, prcrnpdy and iully peiformed, dscharged, exewted, effected, canpleted, compGed wifh and ab~d~•d 5y, then in eahe~ w any such event the sa,d ag ~r~,gate sum mentioned in said promissory nore then remaining unpaid, with interest acuued, and atl mon~ys secu~ed hereby, shaf( become due and pay ao,e forthw~th, or thereaftc~, at the oprion ot said MOR7GAGEE, as fu!!y and completely as if all of tiee said sums of money were or~ginally stlpwated ro be pa:d on wch dcy, anything in sa.d prom~ssory note or in thi~ Mortgage to the connary not.vi~hsrand~~~g; and thereu{wn or thereafter at the opt~on of sa.cl MORiGAGEE, witheus not~ca or dernand, suit at law or in Equity, therefo~e or therea(ter begun, may be prosecuted as ii all moneys secured bereby n,:d maN~ed pnor to ~ts institut~on. 7. That in the eve~t that at the beginn~ng of or at any time pending any suit upon this Mo~tga3e, or to foredose it, or to reform it, or to enforce FaymeN of any claims hereund~•r, said MORTGAGEE sha!I apply to the Court having jur~sd:ction thereof for the appo~ntmRnt of a Receiver, such Court shail .'crthwith appoint a receive~ of said mortgagc-d propzrty all and singular, indud~ng aU and s~ngu~ar the income, prof~ts, issues and revenues from whate~e~ z~~,rce derived, each and every of wMch, 1i being exp~essty understood, is hereby mortgaged as ~f spec:iically set ionh and described in the granti~tg and hab^ndum da~ses hereoi, and such Receiver sha4 have aIl the broad and effective funcr,ons and powers in anyw~se entrusted by a Couri to a Receiver, and s. ch appointm~nt shatt be made by s~~h Court as an admitted equity and a matter of absolute ~~ght ro sa~d hhORTGAGEE, and wirhout reference to the ec:_yuacy or inadequacy of the value of the property mortgaged or to the so:vency or inso~vency of said R40RiGAGOR or the defendants, and ihat such r.~.rrs, profirs, intane, issues and revenues shall be applied by such Reteiver according to the lien or equiry of said MORTGAGEE and the praUice of wch Court. S_ To duly, promptfy and fully perform, discharge, execute, effect, complete, comply with and abide by each and every the stipu(ations, agreements. conditions and covenanrs in sa~d promisso~y note and this mo~fgage sef forlh. 9. Ihat en the event the ownersh~p of the mortgaged prem~ses, or any part thereof, 6ecomes vested in a perwn other than the MORTGAGOR, the ti'.ORTGAGEE, its successors and assigns, may, without notice to ~he MORTGAOR, .deal with such successor or successor in interest with reference to this ~r•o~tgage ar.~ the d_ut hereby secured in the same manner as with hlorrgagor without in any tivay vitiating or d~scharg~ng the Morfgagors' liab:lity here- ur:der or upon the drbt heret~ secured_ No sale of ihe premises hereby mortgaged and no forbearance on the part oF the MORiGAGEE or its successors cr assigns and ~o extension of the time for the payment of the debt hereby secured given by the MORTGAGEE or its successors or ass~gns, ahal! operate to ~e!ease, d~scharge, modify change or atfect the original liao~lity of the MORTGAGOR herein, either in whole or in part. 10. It is specif~caliy agreed that tin.e is of the essence of this contract and that no waiver of any obl~gat~on hereunder or of the obligation se- cured hereby shali at any time thereafter be he!d to be a waiver of the terms hereoi or of the instrumertt sewred he~by. 11. In ;.ud ~Io:i to the foregc ~+9 monrh'y paymenrs of pr~~e pat and interest requ~red by the prom;ssery no!e secured hereb~, mortgagor covenants ~ d agrces to ;~ay to nio-tyayee ~ti;;h each ~nonrh!y payr.,ent an add~~ional sum est~mated by mortg3gee to be equal to l. 12 of tl~e annual cost of the fotlow- r~ 3: A-All real property taxes lev~_d or assessed agai~~st the above. described real estare. B- Pr,;~n~,, :~s on fi.e and w~~:dstonn insurarce as here~n requ~red to be carried en the +m;uoveme~ts s~tvate on the above d°scribed premisez. C-Vrern~uv.s on such m.ongage guaranty ir.s~ra~ce as mortgagee shall from t.me to ti~ne deem fit to tatry on ihe loan Setured hereby. klortgagee sh~!I .'rcm tf~ne ro n~ne nenfy mo~tGdgoc in wr~t~ng of the a.rou~t due and payable hereundar and such su~~ shall ihereupon be due and .~r~ble on !hr dur ci:;re oi rha ne,et ~z:onth:y payn:ent and each successive month thereafter ur.til mcrtgagee sha!I notify mo~tgagor of a change in such ~~unt_ Such suins sha.l be app'.ied by mortgagee toward the payment of real property tanes, insurance prem:ums, and mortgage guaranty insur~nce e~niums. IN ~YITNE55 '.VNfR~OF, the sa~d MORTGAGoR has hereunto set his hand and seal the day and %first afore id. Signed, Sealed a. l;vere~j~in the presence of: ~ ~ i { ' " ' ~ ' (Seal) / ~ ' ~ r , (Seal) - ' (Seal) ~":.TE OF FLORIDA ~ ' r__- SS. :JU.'dTY OF St• "'~sclg ~ Before me personally appeared ~nald B• G1L11~tJE ~ a~ _ Audrev G. Gulledae ` his wife, to me well known ~nd koc~ya~~.¢~e;to be , e ina~viduais descri5ed in and who executed the foregoing instrument, and acknowledged before me that they executed fhg.~ftn0•~forft(~e'jSutposes ~F:~~~ein ex~ressed. And the said__. At~YQ~/ G. Guliedge ~ r' iL J" r.-;fe of the sa~d _ Donald B. Gulledge ..y~•u ~~a ~epara`je vate efam~nar~on by me take~ separate and apart 1rom her said husband, acknowledged to and before me that she exetuted ;ai8 in~lrmewt freely a~olun- ~a~~iy ard w~thout any compu(sion, constraint, appreh sipn, c~rkfear of or from said husband. w: J s •U : WiTNESS my hand and oFficial seal this ~ ~ ' da of ~ ' ` y t , ~ V ' ~ ~ b'~ ~L~R~Dl~ ~ Notary Public in a for,Ihe State of.~bcids'A Large en My Commission expires:~' oocu~~i~amr~-;-:.:~sTa~+~ T 1. > ~ - ~ - 7J ' sfvT. of iefv~uE'=.- ! . a =p; `~?'=n ~35.~01 ~ ~ ~ ~no~-2 ~ f I~E~ py :,OUNTY ' . sT. lUC1[ ' L ROCE~ ?OtjR?S ' This'InstrumeM Prepared ByGaZy F. 811~tood C~ERK CtE•~v?T GOURT First Federal Savings & loan Association ~z.i;c~D ~E-i`~EO ' of Fort Pierce ~ Florida ~{,ui i 9 Zl M' ~W~ Checked By ~41~ ` i a~ox20'T ~.,~F24~4 ~s - : ~~'~..~s~ ~ ~ ~~~.a~.~~ - ,f ,z.n _ ~