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Home My WebLink About0762 3. To place an~ cont~~iuousty keep on ihe bu~'d~ngs now or herea(ter s~~uate on said tand and on a~i equ~p~nent and personal~y covrred by Ihis mortg- egs, with all p~emiurns rhercon pad ~n fuit, I~re insurance in the uwal standa~d poficy form, in a surrl aHproved by the MOR~:,~GEE, and windi~orm insurance in the usual st~nda~d poLty form, in a sum aNpro~ed by ~he MORiGAGEE, in such company or cornpanies as the MORTGAGEf may diroct; and atl (ire and winds~orm insurance ~po5c~es on any of sa'~d build~ngs, any interesl therein or part thrreof, in ~he aggr~~gare sum aforesaid or in excess th~rcof, i~all conr~;n tha USV3I str.~dard mortgagae ctause or auch other ciause as fhe Mo~tgayee may requ,rQ, making thr ~oss ~nder sa~d poli- c~es, each and every, pa~~b!e 1o sa~d h1pRIGAGEE as ~~s mierest may appear, and eacA and every such po!ccy sha~~ be p~ompt~y aasy~~td and de~n,;red ~o sny held by sa~d h10RiGAGEE as funher secu~~ty to sa~d moregage dabt, and, not less than ten (1Q) days i~~ advance of the eap~raNon of each poGcy, to de- liver to said MORTGAGEf a tenewal d~ereof, togethar with a rece~pt tar ~he prem~um of such renewal; and there sh~lt t~e ~w t~re or ~vi~idsro~~n insvrance placed on any of seid bv: dings, any intere~t Ihere,n w pait ~Aefeof, un!ess in ihe (o~m and with the loss payaLle as aforesaid; and in the e~eN any wm of mo~ey becanes payable under such aolicy w poGuea said A!ORTGAGEE ah.~lt have the opt~on ro recrive ~nd apply ihe same on account of the indeortd- ness secwed hereby or to penn~t sa~d h50RTGAGORS ~o rete:va and vu it or any pa~r thr:eof for orrn~r pu~{~JSrs. ~,~tn~ut ~h_•.~f y or ~:,:p.,~~- ing any equ~ty, lien o~ righ~ under or by virtue of this mo:tgage; and in the event sa~d MORTGAGORS sha11 for any re~son fail to krep ~he sa~d prem~sa~ so inaured, or ~ail fo del:ver p~omptly any of said pefities of insu~ance to sa~d MORTGAGEE, o~ fai! promptly to pay (utty any pre~+~~vm thrretor o~ in any respect Fail to perform, d=scha.ge, execute, effed, comple~z, co~~ply wiih and abide by th~s covenant, or any pevt hereof, sa~d MGRiGAGEE may place a~o pay for such insvrance or any part the~eof wiihaut waiving or affecti~g any option, lien, equity, or nght under o~ by virtue of this Matgaga, and thc full amount of each and e~ery auch paymrnt shalt be immediately due and payable a~d sha!! brar interes? lrom tba date thereof ur.til paid at the rate o1 n~ne per centum ;~r ar.n~~n ond toa~•~hor w~th suth intr.esl shali be sccu~ed by the Iien of this mortgage. 1. To permit, tommit w suffer no waste, impairment o~ deterioration of said property o? any part lhereof. 5. To pay all and singu?ar ~he costs, charges and expenses, including a reasonab!e attwney's fee and costs of abstracts of tide, incurred or oa~d at anV ?~me by said MQRiGAG:E, because or in tne event of the failure on ~ne pa~t of 1he said MORiGAGUR to duly, prornptly and fu:ly pe~form, d~sciiarge, Axecvte, eff~t, complere, comply w~th a~~d ab:de by each and every the stiputat~ons, agreements, condiGOns, and covenants of sa~d promissory note and ~hii mortgage any or e~~her, ar.d sa:d cosrs, cha~ges and expenses, each and every, shali be immediately due and payable; whether or not ihere he norice de mand, attempt to colteU or suit pei:ding; and the full amount of each and every such paymeN shaH bear interes? from the date thereof until paid at lhe ~are of nine per ccntum per an~~~m; an~ oli said costs, chargrs and ezpenses incurred or paid, together w~th such iNerest, shall be securrd by the uen of this mortgage, b. That (a) in rhe event of any breath of thi~ Mortgage or default on the part of the MORTGAGOR, or (b) in the event any of sa:d sums of money t~erein referrrd to be no~ pranptly and fulty paid wifhin th;rty (30) days next aiee~ th~ same severally become due and payable, wi~t~oui de~nand or not~ce, cr ~c) in tha eveM each and every the stipu~anons, agreemeots, con~;r;ons and covenams of sa.d prom~ssofy note and th~s mortgage any or either a~e nm ~u~y, promptly and fully performed, d:scharged, executed, effected, completed, compi~ed with and abided 5y, then in e~ther or any such event thr sa~d ag gr~ate sum mentioned in sa~d prorn~ssory note thrn rernaining unpaid, with infere,t accrued, and att moneys secured hereby, shall betome due and pay- abie fo~:hwith, or thereafrcr, at the opr~on oi sa~d MORTGAGEE, as fvUy and completety as if all of ~he said sums of money were ar~gina:ly st~p~:ated ro be pa:d oo such d„y, anythmg in sa.d prom~ssory note or in this Mortgage to the contrary not~vit!~standing; and thereupen w thereafter at the opt+on of sa~d MORTGAGEE, without nonce or dernand, svit at law or in equ~ty, fherefwe w therealrer begun, may be prosecuted as ii all moneys secured hereby nsd matured pnor to ~ts institunon, 7. lhat in the event that at the beginn~ng of or at any time pending any w~t upo~ this Mo.tgage, or to foreclose it, or ro reform it, or to enforce paymeN of any claims hereunder, said MdRTGAGEE :halt apply ro the Court havirtg jurisd:cr:on thereo! (or the appointment of a Receiver, such Court shall icrihwith appoim a receiver of said mor~gaged property all and singular, indud,ng all and singu~ar the income, prof~ts, issues and revenues from vvhatever s: u.ce derived, each and every of wh:ch, it be~ng expressly undersrood, is hereby mortgaged as if spec~ficolty set forth and descnbed ir. the g.anting and haoendum dauses hereof, and such Receiver sha11 have all the broad and effect~ve funct.ons and powers in anyw~se entrusted by a Court to a Receiver, and s,ch appointment shall be made by wch Cou+t as an admitted equity aod a maner of absolute right to sa~d MORTGAGEE, and withcut reference to the d(ICt~U6CY or inadeq~acy o( the ~aiue of the p•operty mortgayr~ or to the saveruy or insotvency of sa~d ~ItORiGAGOR or the defendams, and ~hat wch ~c~+s, profits, income, issue: and revenues shall be applied by s~th Receiver atcord~~zg to the iien or equity of sa~d MORTGAGEE and the Qractice of such CouA. 8. To duly, promptEy and f~;fy perform, dis:harge, execute, eftect, com.plete, comply with an~ ab~de by each and every the stipulations, agreemenls, conditions and covenanrs m sa~d promissory note and this moctgage set forth. 9. That in the event ~he own~rshi~ of the nwrtgaged pren,~ses, or any part thereof, becomes vested in a person other than the MORTGAGOR, the FlORTGAGEF, its wtcesso~s ar.d ass~gr.s, may, without not~ce to the MORTGAOR, deai with such successor or successor in ~nterest wiih refe~ence to th~s ^'o•t9s~e and the debt hereby secured in the same manner as with lJlo~tgagor without in any way vitiating or ducharging the Mort9agors' liabifity here- ~:;.der w upon Ihe deot hereby secvred. No sa!e of the prem~se: he~eby mortgaged ar.d no forbearancr on the part oF the MORTGAGEE w its successors or assigns and no ex•ension of rhe t~me for the payment of tne debt h~~eby secvred given by Ihe MORTGAGEE or its sutcessors or ass~gns, ai:all Operate to release, dascharge, modrfy change or affect the ong,nel fab:Gty of the MORIGAGOR herein, either in whole w in part. 10. It is specifically agreed that t~me is of the essence of this contract and that no waiver of any obl~ga~ion hereunder or of the oblgatio~ se- cured hereby shal~ at any time thereafter be hetd to be a wai+er of fhe terms hereof or of the irtstrument secured he:by. t l, tn add.rian ro rhe forego ng monsh!y paym~nrs nf pr;nt pa~ and inrerest required by the prom~ssory ~o~e sec~red Fwreby, mortgagor covenants a~d agrces to pay to mongayee wrth each m;;~ithly payr:,ent art add~donal sum est~n:ated by mortgagee to be equal to ];'12 of the annual cost of the follow- ~ng, A-Atl reat property taxes lef;ed or assessed aga~•~st the above describcd real esfate. B--Pren:~ums on fire and wir~dston» insurar.ce as herein req~~red to be car~ied on the :mprovements situate on the above d~scribed premises. C-Prem~ums on wch mortgage guaranty ir.su:a~.ce as mor:gagee shall from time ro time deem fit to carry on the loan secured hereby. Mortgagee shc41 <rcm r~~r,~ ~o tl.~:e no~~fy mo.tyagor in writ;~g of tne ar~:oum due and pavabte hereunder and s~ch sum shatt thereupon be due and c~tiable on rha due c~!e of ~he next r.:on:h:y pa~rment and each success~ve n~onth fhereafr~r urtii mwtqagee shall not~fy mortgagor of a cbange in such ~~.ount. Such s~:ns sha,! be aYp`.ied by morsgagee ro.•:ard the payment of real property taxes, inwrante Frem:ums, and mortgage gua~anty insurance n~emiums. !N 1VlTNFSS V.'H~R~OF, the said MORTGAGCR has hereunto set his hand and scal the day an year (jrst aforesaid. \ , S"gned, Sealed and 'ivered in the presence of: _ ~ ~ ~Chard E, i is «a~~ (Sean ~ (Seal) _ " - _ i (Seal) L nda J. Gil is , S~ATE OP FIORIDA ~ i ~JUNTY OF _ St . 4.11C1@ ~ ~ i Before me personatly appeared - RlC}lald E. (~a11115 and ; Linda J ~'ilI11S his wife, te me well known and known to me to br ~ ~he individuals described in and who execuied ~he foregoinq instrument, and acknowtedged before me that they eaecuted the same for ihe purposes rherei~ expressed. lu~d tfx said Linda J`~a11115 'I', i - ' ++ife of the said ~ Ri hard~~ Cillic u~ip,h a s!¢~r~e_and private exa ~~nat~on by me t~ en Pparate and apart from her said husband, ackoowledged to and before me that she execpte~Ta~diealnyrPr~( fi6fly~ and voluo- ra~,l and wlthout an com u,s~on, consrra~nt, apprehens~o , r fear of or fram her said husband. • : WITNESS my hand and ofRc~al seat t6is day of - ,';A b. 19_~.. • . Notary Public in and fQr rht Ta{?t of Flwi~~ ef large My Commiuion e:piref:7`-~'•, ' ` J ~r ` C ' ~ Return To: NQ1f1~P.~1gL~C, STATE tlf'FLORIDA at IARGt First Federal Savings d loan Associat~on of Fort v.E.~z. fI1E011ND RECOROE~ MY ~~5~~ '~~~ES SEPT, 25, 19I5 Borwled By Merican Banxers Insurance ..o. Fort P~erce, Flor;da gj.~(?C?E COU!ITY FLA. I ROCF ~ :'.jlTkAS CIfRK C =.G~11± COURT RfCC~:, VET;I~tEil.~~ I This Instrument Prepared By ~1er9eZ ~'C $ 31 at1 ~ 1 t First Federal Savings & loan Association d of Fort Pierce ~ Flozida . Checked By ~,.'1,~- 2~2~ U R~ 7 aooK ~~8 PAGE 1 ~ r - - ~ _ , - s ~ ~ a _ ~a ~ ~ ~ ~ - - - _ _ _ ~ , . y _ ~