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Home My WebLink About0079 j 3. To place and conrinuov:iy keep on fhe bu~:d~ngs noyv or heraaf~rr s~t~ate on sa~d land and on sli eq~+pmem •nd personally Covered by this mong- age, with ail premiu~ns ih~rreon pad in f;,ll, lire ins~rancC in ~he uwal sta~niard pol~cy form, in s sum a{.proved by Ihe h10R~C+At:rEE, a~~d w~iidstonn ~nsuronce in tha usual stjrsdard po:.cy (orm, in a s~m approv_d by the MORIGAGEE, in such tompany ot compan~ra as the A10RTGAGEE may direct; and all (ire and w~ndsro~m insurar~e policies on any of sa~d build~ngs, any inlerest therein or pa~1 thrreoi, in the aggrege+e sv~n aioresaid o~ in excess ~h~reof, shalf con~ain ~he usual ata~~dard more9agee ciause w such oihe~ dause as ihe Mo~lgayee may requ~re, mak~ng the tois undrr sa~d poli- cies, each and every, payab:e to sa~d h10RTGAGfE as ~ts in!erest ~nay appear, and each and eve~y such po~rcy shatl be prompily assg~ed a~~d detivcr~d to • any held by sa~d 1~RORtGAGEE as furtAar secu~~ty to sa~d morigage dabt, and, no~ ~ess than ten (10l days in advance of the expuation of each pol~cy, ~o de- Gve~ ?o eaid MORTGAGEE a ~enewal thereoE, together with a rece~pt for the premium of such renewal; and there shafl be no f~re or w~~~dstorm insurance placed on any of sald bui!d~ngs, any intcrest ~here~~ or par~ the.eof, unless in the form and w~~h the loss payable as aloresaid; arid in ~he event any sum of money becomes payabie under s~ch poticy or poLues aaid MORTGAGEE shall have ~he opelon to receive and appty the same on account of the indeb~ed- ness secured hereby w to permlt said A50RTGAGORS to rece~ve and use it a any pa~l fhercof tar oci~~r ~:urF.os~~s. .•.~}~~o..f ~I?_r~u/ .c.:~.~,~3 or ~~~~p.,~~- ing any equ~ty, lien or right under or by vi~~ue of this mo:tgage; and in the event sa~d A10RTGAGORS shall for any reason fail to kecp ~he sa~d premis=s so {nsured, or fai) to deGve~ promptly any of said poGties of insurante to sa~d MORTGAGEE, o~ fail promptiy to pay iuity any prem~um therefor or m any respect ta~l to perForm, d~zcha~ge, eaecute, effect, caaplete, cornply wirh and abide by this covenant, or any port hereof, sa~d MORTGAGEE may piace a:~o pay fw such insuran:e or any part thereof wiihout waiving w affecting any ~tion, lien, equ~ty, or right under o~ by virtue of this Mortgaqe, and the full amount of each and every such paym~nt shall be immediateiy due and pnyable and shatl bear interest iran ~he date thereof uroil pa~d at the ra~e of n~ne per ceMum per annum and to~~th~~r with such inte~cst shaii be securtd by the lien of this mottgage. 4. To permit, commit or sufier no waste, impairment or deterioration of said property ot any parl thereof. 5. To pay all and singular the costs, tharges and expenses, including a reasonable attwney's fee and cos~s of abstrads of tit!e, i~curred o~ paid at any ~ime by sa~d MORiGAGEE, because w in ~he event of the ia~lure on the part of the said MORTGAGOR to duty, promptly and fulty per(orm, d~scharye. eRCC~te, effecl, complete, comply w~th and ab:de by each and every the stipulat~o~s, agreemenrs, conditions, and covenanta of sa~d prornissory note and ~hi~ mortgoge any or e~~her, and sa!d costs, charges and e:penses, each and every, shall be immediately due and payabie; wherher w not there be nohce da mand, attempl to coI{~ct or suit pend~ng; and the Full amount of each and every such payment shall bea. interest irom the date thereof u~til paid af the r,:rr o~ nine per centum Ner on~~u:n; and all said costs, cF.arges and ezuenses inc~rred or paid, together w~~h such interest, shall be secured by the lirn of th~s mortga~e. 6. Tha1 (a} in the event of any breach of this Mortgage or default o~ the pa~t of the MORTGAGOR, or ~b) in the event any of sa;d sums of money herein refeired to be rot prompfiy and tully paid within thuty (30) days next after the same severa:ly ~ecume d~e and payab!e, wiihou~ demand or nouce. or (c! in thr event each and every the stipulations, agreemeros, cond~:ions and covenants of sa d promiswry note and th.s mortgage any or either are not ~~fy, prompdy and fully performed, d.scha~ged, exec~red, eifected, compieted, compGed with and ab~ded 5y, then in erther or any such evem the ~a~d ag- ~regate sum mentioned in said promissory note then remaining unpaid, with interest atcrued, and all moneys setured hereby, shall become due and pay- aoie forthwith, or thereafter, at the oprion of se~d MORTGAGEE, as fvlly arxl complefely as if ail of the said sums of money were o~~g~nally supu:ated !o be pa;d on such d~y, anything in sa:d prom~ssory note or in this Mwtgage to the co~r•ary notavifhstanding; and thereupon or thrnsher at the op+~on of s-:d MORTGAGEE, without nonce or drmand, wit at law or in equ~ty, therefore or thereafter be9un, may be prosetWed as if all morteys secured hereby n-d matured pnor to rti instit~non. _ 7. That in the event that at the beginning oi w at any t~me pending any suit upon this Mortgage, w to foreclost it, or to reform if, O? to enforce payment of any da~ms hereunder, said MORTGAGEE shall app~y to the Coun having ~unsd:v~on fhereot 4or the appointment of a Receiver, wch Coun shafl forthwirh appo~nt a receiver of said mortgaged property all and singu+ar, inciud.ng a11 and singular the income, profits, issues and revenuef from whatever scvrce derived, each and every of wh:ch, i~ be~ng eapressfy undentood, is he~e~y mortgaged as ~i spec~fical:y aet fwth and dex~ibed in the granfing arxJ h.,oendum <lauses hereof, and such Receiver shall have ail Ihe broad and effectrve funU;ens and powers in anyw~se entr~sted by a Cou~t to a Receiver, and s_;h appointment shal{ be made by such Court as an admitted equity and a matte~ of absolute ~ight fo said h10RTGAGEE, and wirhout reference to the ad~quacy o~ inadequacy of th• vaiu• of the property mortgaged or to the so~venty or ~~solvancy of said A10RiGAGOR or the dcfendanis, and thaf such r_~•,~:, profits, income, iswes and revenues shall be apptied by such Receiver accord~:~g to the lien or equity of said MORTGAGEE and the practice of such Court. ~ 8. To dvly, promptly and futly pe.form, discharge, execute, effecr, complete, comply with and ab~de by each and every the stipufations, agreements, ;cr•ditions and covenants ~n sa~d promissory note and this mortgage set forth. 9. That in the event thz ownership of the mortgaged premises, or any part thereof, becomes vested in a person other than the MORTGAGOR, the 'JRTGAGEf, its successors and assigns, may, withou~ notice to the MORSGAOR, deat with such successw or successor in interest wi~h refere~~ce to this o•rgage and the dd=ot hr•e6y secu~ed in the same manner as wi~h A'1o~tgagor w:thout in any way viuatinq or d~scharg~ng the ~dortgagws' liability here- under w upon the debt h.yeby secured. No sate oi ~he prem~ses hrreby mortgeged and na forbearance on the part of the 1dORiGAGEf or its succeuws or ass~gns and no extens:on of the time fo~ the payment of the debt hereby secu*ed given by the rAORTGAGEE or its successors or assigns, ahall operate to release, d~scharge, mod~fy change or affect the original liabll~ty of the h~ORTGAGOR he~ein, erther in whole or in part. 10. It is speuficaliy zgreed that ti~ne is of the essence of th~s contract and that no waive~ of any ob~tgat~on hereunder or of the obliga~ion s~ cured hereby shaii at any time thereaher be he!d to be a woiver of the terms hereof w of the instrument secured herby. I l. In add tio~ to th~ forego n3 month!y paym:n!s of p:inc pal and interest requ~red by the prom~s>ory nore sec~red hereby, mottgag~r covenants d agrees to pay to mo:tgagee v~ith each ~rcnttry payr.:ent an add~cional sum est~~:ated by mortgagee to be eq~al to 1;' 12 of ti:e annua{ tost of the foliow- ,.,:T ; . . A-All real prope~r~ taxas lev~ed or 3SSc'SSytI e93r~5T the aoove destri4ed rea~ estate. B- Pr~miu•ns on fire ar,d windstorm msvracce as ner,:~n ~eq~aed to be car~i~d on the improvements sit~ate on th~ above desuibed premises. C-Premiums on such mortg~ge guaranty ~nwrar:te as mo~tgagee shatt from t me to time deem fit to carry on the (oan s^cured hereby. Mortgagee sha~t from tima to time nehfy mortgagor ~n writ~ng of the a•nount due and payable hereundrr and s:;ch surn shat{ thereupon be due and ..able on the dve date of rhe next :ncnth:r payment ar.d each successive month thereaftcr uctil mortgagee shall notify mortgegor of a change in such j , ount. Such sums s~ali be app:ied by mor'ga*~ee toward the payment of reat property taxes, insura~ce prem:ums, and mortgage g~aranty insurance ~ ~~miumS. , ~ IN \N!TNESS '.'~H:REOF, the sa~d MORiGAGQR has hereunto set his hard and seal the day and year ir afwesa" . i Signed, Sealed a:id delivered in the presence of: ~ ~ (Seal) € , (Seal) ~ ~ ' (Scal) ~ lSeal) S ~ ATE OF FLORIDA ~ S5. CJUNTY OF St. Lucie ~ ~ Before me personally appeared Clifton Lloyd~ ~jt~ ~ _ ~8rle j.lOS/d his wife, to me well known and known to me to be tha individ~al= described in and who executed tFie foregoing instrument, and acknowledged before me that they executed the same for the purposes rherein expressed. And the said Ma rie Lloyd .+;~e of the said Clif ton Llo~, .jr • upon a sepa.ate and p~ivste ~ ~.am~nat~on by me taEe~ separate and apart from her said husband, acknowledged to and before me that she executed said instrument freely and votun- ~ `a~~iy and wrthout any computsion, con;traint, appreh~e,n~s~o? , or fear of w from her said husband. - WITNESS my hand and official seal this--___d~- day November A. D. 1972 ~ " • . = Notary Public in and for th ate of ida ~1 l~ b Hty Comm~ssion e:pires: ~ ~ : Re!um To: • NOTARY RIBLIC. $TA~ u~ - ~ first Federal Savings 3 Loan Associat~on MY ~ MISSIQt~ EXP~~ ~~,~29~ ' Of Fort P~er<e- Bon~e Thru f. ne-rl i 4~u:lr+tt UndervnMM,.~ ` 1 ~ Fort Pi•~r:e, flcricJa . ~ . ' _ , . ~ FILED AML• ~iECOROEQ ~ ST.lUC1E COnNTY FLA. , This Instrument Prepared By Gazy F. Ell~?oOd gp~~a F•QITRAS ~ t First Federal Savin s 8 Loan Association ~ g CIEPK C'"t.Jti COUpt ~ • . of Fort Pierce~ Fiorida R~enRn v£~~~iEO ~ Checked By T ~ - Nor 8 9 Zs ~N'7Z ~ ~ rUCr~~ yAGE ~Z41.rJrJU ~ js ~ ~ ~ = w t=^ ~ L . _ _ -