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Home My WebLink About1077 3. To place and conr~n~ously keep on the bu~idings now a hereaife~ ?ituate on :ald land a~d on alt eq~~pment and ptrso~+ally coveied by th~s ma~g- sgs, w~th all prem~ums ~hereon pa:d in f~tl, hre inw~ance in the usual s~a~x~ard po~icy (orm, in a sum approved by Ihe MORfG:.GEE, and w~nds~orm insurance in the usual sranda~d pol.cy form, in a aum appro~ed by rhs MORIGAGEE, in such coR~pany or compan~es a~ the MORTGAGEE may direch and aU fi~e and windstorm insura~te policies on any of said build~ngs, any intcreil therein or parf thereof, in the aggregate svm aforesa~d or in excesf Ihereof, shall to~tain the usual star.dard mon9agee c~aufe o~ such o~her clause as the Mortgagee may reqwrr, making the ~oss undrr sa:d poli- cies, eath and every, payab!e ~o said MORTGAGEE as ~TS inte(est may appear, and each and every such po~~ty shall Ue promptty a?s gned and de~iYe~ed to eny held by aaid MORIGAGEE as iunher srcurity to said mortgage drbt, and, not less Ihan ~en (10) days in adv~nce of ~he e:piral~on of each poGcy, to do- Irver to said MOR~GAGEE a renewal ~tureof, toge~her with a rece~pt fo~ the premium ~I such rer.ewal; nnd ~h..•re ahall bz ~w f:re or w~~~dsro~m ins~rsnce placed on any of sa~d bui~dings, any interesi therein a parl therepi, unless in the form and with fhe loss payable as aforesaid; and in the event any a~m e~ money becomes payable uodcr such policy w poGcies said MORiGAGEE shafl have ~he opt~oe ~o rece~ve a~xi apply rhe sar~~e on accounr of ~he i~rbtrd- ncsa secu?ed he~eby or ro permit said MORTGAGORS 1o rective and use it w any part thr:eof ior orner purE:~s~s, ~.~~h~,:t ~h,~,or or ~•••,p„~r ing any equ~ty, lieo a righf undcr or by vireue of this mo::gage; and in the even~ sa!d MORTGAGORS shatl fo~ any reason fail to tccep rhe sa~d p~em~s:s so insurrd, w(aif to detive. pramptty any of said poliues of insurance 1o sa;d MORTGAGFE, o~ f~il prompiiy to pay fu:ly any pre~»~urn the~etor or ;n a~~y rospect fail fo perform, d~:charge, execurr, etfecl, complete, comply with and abide by this cove~aro, w any part hrreof, sa~d MORSGAGEE may piace a~~tl pay fa such insu.ance or any parl thereof wahout waiving o~ affectiny any op~ion, lien, equay, o~ rtght under or b/ v~r+ue of th,s Mortgage, and the full amount o( each and eve~y suth payment shall be immediately due and payable and sha11 bear i~terest irom ~he date thereof u~~~il pa~d at the rate o1 n~nr pe? tentum per annum and togeth~r with suth inte~est ahali be srcured by Ihe lien of this mongage. 1. To permit, tommit w suffet no waste, impairmenf w detzrioration of said property o? any part therrof. 5. To pay all and singuiar the costs, charges and expenses, including a reaso~abie atrorney's fre and costs of abs}rads of fitle, incurred o. pa~d at any lime by said MORTGAG:E, becavse w i~ the event of the fa~lure on the parl af Ihe said MORiGAGOR to duly, promptly and fvlly perfor~n, d~scharge. execute, effect, complete, comply wrth and ab:de by each and every the stipulanons, agreements, cond~tions, and cover~eros oi sa~d prom~ssory nore and this mortgage any or e+ther, and sa~~ costs, charges and expenses, each and every, shalt be immediate~y due end payable; whether w no~ ~here be not~ce da mand, attempt to colleU p? suit pending; a~d the full amovnt of each and every svch paymem shall bea. intereat f~om the date thereof u~til paid at Ihe ~a~e oi nine pe~ centum per an~~um; and atl said costs, cha~ges and expenses incurred or paid, together w~?h such imerest, ahall be secured by the lien oi th~s mortgdge. 6. That (a) in tF~e evenl of any breach of this Moregage or defaulf on the part of the AllOR1GAGQR, or ~b) in the event any ot sa;d sums of money herein referred lo be not promptly and fully paid wifhin th~rty (30) days neat aiter the samt severa:ty brcome due arrd payeble, without demand or notice, or ;c) in the evenl eath and every the stipulatio~s, agreements, condifions and covenanta of :a.d prom~sso~y note arid 1h.s mortgage any w either are nof iuly, promptly and fully performed, d~scnarg~, executed, effected, completed, compfled w~th and ab~ded Sy, then in e~ther or any such event the sa~d ag ~regate sum menrioned in saed p~omissay rtote then remaining unpaid, with interest atuued, and all moneys secured hereby, shall betome due and pay abie fonhwith, or thereaiter, at ~he oprion of said MORiGAGEE, as fully and completely as i1 all of the sa~d s~ms of money were or~ginally st~pu:ated ro be paid on such day, anything in sa:d prom~iswy note or in this Mwtgage to the conrrary not.v~thstar~d~,ig; and ~}~e~eupon oi thereaiter at the option of said tiiORTGAGEE, without not~c- or demand, suit at la~y or in equity, therefwe w thereaiter ~;gun, may be prosecuted as if all moneys ~ecured hereby nad matured pr~or to its institut~o~. 7. That in the event that at the beg~nn~ng oi or at any time pend~ng any su~t upon this Mo.tgage, or to fweclose it, w to reform it, o? to enforce paym~nt of any claims hrreuoder, said MORTGAGEE shall apply te the Court having jurisdction thereot for the appointment of a Rece~ver, such Court shall forthwith appoint a receiver of said mortgaged property atl and singula~, intlud~ng ail and singular the irttome, profits, issues and tevenuea from whatever seurce de~ived, each and eve~y of wh~ch, it being exp~essly urtderstood, is herrby mwrgagrd as if spec~fically set fo~th and desuibed in the granting and habendum clauses hereof, and s~ch Receiver shall have all the broad and effective funct~ons and powers in.anyw~se entrusted by a Court to a Recei~er, and s~ch appointment shall be made by such Court as an admitted equity and a matter of absotute right fo s~irE~MORTGAGEE, and witho~t refeience fo the edequaty or inadequaty of the va~ue of the property mortgaged or fo the so~vency or inso:veocy of =~io MORi(,'AGOR o• the defendants, and that such rems, profits, income, issues and revenues shall be applied by such Receiver accord~ng to the iien or equity of said MORiGAGEE and the praclice of such Court. - 8. To duly, prompt:y and fully perform, discharge, execute, efFect, cornpiete, comply with and abide by eath and every the stipulations, agreemmts, :enditioro and covenanrs in sa~d promissory note and th~s mortgage set forth. 9. That i~ the event the ownership of the mortgaged premises, or a~y part thereof, becomes vested in a person other lhan the MOltTGAGOR, the ti"~RTGAGEE, ifs su:cessws and as3+gns, may, wi~hour nor,ce to the 1110RTGA;~2. deal with such successor or s~ccessw in interest with reference to this n:ortgage and rhe dabt hereby secured in the same manner as with fAortgagor w~thout in any way vif~ating pr d~scha~g~~g the Mortga~ors' tiability her~ under or upon ~he deb~ hereby secvred. No s~:e of the premises hereby morrgayed and no forbearance on fhe part ot the MORiGAGEE or its successors or assigns and no extension of the time for the payment of the debt hereby secured given by the MORT(',AGEf or its successws or ass~gns, slwil operate ~o release, d~uharge, modify ~hange, or affect the or~ginal liab~l~ty of the M.ORTGAGOR herein, eitF~er in whofe or in part. 10. It is specifically agreed that time is of the essence of this contract and that no waiver of any obligarion hereunder or of the obligation se- cu:ed hereby shall at any time tF±ereafter be held to be a waive~ of the terms hereoi or oi thc insnument secured herby. 11. In add:tio~ to the fwego-ng month'y payments of princ'pal and imerest required by the prom+ssory no!e secured hereby, mortgagor covenaats and agrees to pay to morrgagee wiih each monthly payr~~em an add~~ional sum est~n:a~ed by mortgagee to be equal to 1~ 12 of the annual cost of the fotlow- ~tg: A-AII real property taxes le•ned or aszzssed aga~•ist thc above describ:-d real esrate. 6-Pren~i~:ns on iire and winds~o:~n insurarce as he:e~n regu;red to be carried on the im~~ovements situate on the above d=scribed premises_ C-Premiums on such mortgage gua•anty insurar.~e as mortgagee shatl from t~me to time deem fit to carry on the toan secured hereby. Mo~tgagee sha?I from t~me to t~me notify mo~egagor 7n writinq of the amount due and payable hereundrr and such sum shalt thereupon be due and r ayzb:e on the due date of the next month!y payment and each successive month t!~ereafte~ ur,til mortgagee shall noYrfy mortgagor of a change in such a•rovnt. Such sums sFa:i be applied by mortgagee toward the payment of real property taxes, insurance prem:ums, and mo~tgage guaranty insurence ~ ~ emiums. I ITNESS WHER~ f, the s'd AR TG OR ha ereunto set his fiand and seal the day and y r first aforesaid. ~ , Sealed an d presen . , ~ , , ~'~-C~ l, CZ ~l~~~~~ t~ap - /Seal) - . (Seal) - - (Seal) S~ATE OF FLORIDA ~ . COUNTY OF $t• Lt1C1E 1 Before me perwnally appeared ~r3.5 C. Raidle, a single at~ll~.t , . ? 3. . hlwwi4, to me well knovrn a"nd•~tiqtk~ to rt+e~:•t0 be the individual~ described in and who execured the foregoing instrument, and atknowfedged before me that ~her executed 111F ~e' for - tlie _p~i[p~ies therein expressed. ~~~etii~d.~= L~~ r • • ~`~C'~ 'i` +'~ifCOfJ~Liiid . ~ - ey~miGitiQfL~raO~.1~1~ose~parat~and~pasLfsowr.F~e~said-~w~~ratiwisvdedged-f~and-befo~e~ne-N~af~he~efeeeeAed~ss~'~M~ . ~acii~c .iac~~r~tha~i ~wy_co4+pu4iowr t~.wrroiwb+ i'o~ er-fea? ~f- e~-irwr+i~rasid i~esba++d: ' ' " : ~ - 1l cC.. da of ~ I~OV ~ ~ J~ WITNE55 my hand and off;cial sral 1hi~ - y .r ~ , _ ~ Notary Public in an fo ihe tate.!!!~~~ .Flgiida•af'~~~i My Comm~ssio~ expire ~j~~ /'~~~I$T~~t ? ' Retuin To: J / fint federa) Savings a loan Association O( Fort P,erce. , Fort Pier~e. Fiorida FILEO ~HD RECOROEO ST. IUC~!~ COtIItTr FLA_ P,OC~++ P~~TRAS ~ This Instrument Prepared By Ga ry F. EllwOOd R~~np R ~ CFh;,U1T COURT ~ IE 9 first Federai Savings 8 Loan Association ~ 20 9 24 !N7 of Fort Pierce~ Flo rid a ~hecked By ,~1~ 242291 ~ js ~ ~ ~ r 3 - - - - ~.:~'m~ .R- ° . "r~" rx-"'`^r.~f- „5~., - ~x'v ~°'s. _ `N'~ x'tr' t , . . . . , ' - ~ . _