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Home My WebLink About1081 3. To p~ace and com~nuously keep on ths bu~:d~ngs now w hereaiter ~ftuate on sa~d ~and and on all equ~pment and persona~ly covered by th~s mw~g- sg~, with •tl premfumi ~hereon pa~d ~n (~II, fire insuranca in the usual siarula~d pot~cy form, in a sum aHpro~ed by ~he A~OR(GAGGE, and w~ndsrorm inw~ante in the usual ~tandard poGty form, in s wm appro~ed by the MORTGAGEE, in ~uch <anpany ot to~n, an:es as the MORTGAGEE may diroc~; ~nd aU tirs and w~ndswrm i~swance pol~c~as o~ any of sald build;n~s, sny inte~es~ ~F?erein or par~ fhereof, in the aggregare sum atoresaid w in excess th.reof, thall coroain the usual s~a~ard mwfgagee dausa w such other c~ause ai 1he Morlgagre may req~~re, maAing tha toss u~drr sa~d polt cirs, each and eve~y, payable ro said MORTGAGEE as ~ts infarest may appear, and each and every such pot~cy shall be pro~np~ly ass g~~rd and de~~vared fo •ny held by sa~d MORiGAGEE as fw~~er security ~o sald mwigage deb~, and, not less ~han ten (10) days in ad~ance of the expirat~on oS each pol~cy, to da liver ro sald MORTGAGEE a renewal thereof, ~oge~her wi~h a rece~pt fw the prcmium of such renewal; and there shall be no f~re or w~nds~o~~n i~wrance plated on a~y of wid buildings, any interest therein or part thereof, unless in the fo?m and with ~he loss payable as ato~esaid; and in the event any sum of money beco~oe~ payable u~der such policy w pohcfes said MORTGAGEE shall have the opt~on to rece~ve and apply the same on account of the indrb~ed- ness secured hereby o? to pcrm~t sa~d MORTGAGORS to receive and use it a any pa~t thzreof tor oti,rr ~:Uf~OSCS. 1'/JIIOUI ~h_~~u; ..~~~+•~g or ~~~~p.:~~• ing any equ~ty, lien o~ ~~ght under w by virtue of Ihis mo:!gage; and in the evenl sa:d MORTGAGORS sha~l (or any reason fail to keep the said premisas so insured, or fail lo det~ver promptly any of said pol:cies of in3urance to said MORIGAGEE, o~ fa~I prompily ~o pay fuily any pre~n~um the~r+w w in a~y respect fail ta pe~form, d~scharqe, execute, eflec~, complete, comply wi~h and abide by th~s covenant, w any part he~eof, s~id MORTGAGEE may piace a~d pay fa such i~suran:e or a~y part thereof w~thout waiving w ai~ecting any optio~, IEen, equ~ry, or r~ght under or by virwe of this Mortgage, and the full amount of each and eve+y such payment shall be immed~ately due and payable and ahall bear interest frorti ths date thereof un~il paid at ~he rate oi n~ne per centum pe~ annum and togrther with such interest shali be secured by the lien of this mortgage. 1. To permit, commit ot suf(er no waste, impairment w deterio~ation of said property w any part the~eof. 5. To psy all and sing~iar th~ costs, charges and expenses, including a reasonable attorney's fee and costs of abstracts of tit!e, incurred or paid at any time by sa~d MORTGAG:E, because or in ihe eve~t of the fa~lure oo the part of ~he said MORTGAGOR to duly, pro~t~ptly and fu"•~y perform, d~scharge. >xecute, effect, complete, compiy wnh and ab:de by each a~+d every the stipu~auons, agreements, tondit~o~s, and covenants of sa~d prom~ssory note and this mortgage any o~ e~the., and sa;d costs, charges and expenses, each and every, shall be immedia~rty due and payable; whether or not there be no~~ce dr mand, attempt to collect w suit pend~ng; and the full amount of each and every such payment shall bea~ interest from the date Ihereof until paid at the raie o! nine per cent~m ~:r anuum; and atl said costs, char9es and exp~~ses incurred w paid, together w~th svch iMerest, shall be se:u~ed by the Gen oi thi~ mortgsge. ~ 6. That (a) in the event of any breach of this Morrgage or default on +he part of the VIORTGAGOR, or (b; in the eve~t any oi sa'd sums of money herein ~eferred to be not prornptly and fully paid within thuty (30) days ~ext after the same seve~atly become due snd payable, ~vithout de~nand or notice. or (c) in tl~e event each a~d eve~y the stipwations, agreements, conditions and covenanta of sa:d prom~ssory note and th~s nwrtgage any o~ eiiher a.e nol ~uly, promptly ar.d fully perfo~med, d~scharged, executed, effected, compteted, compl~ed with and a6~ded 5y, then in either or any s~ch event the sa~d ag gregate sum me~taned in said prom~ssory ~ote then remaining unpa~d, w~th i~~erest accrued, and ail moneys secured he~eby, shall become due and pay able torthwith, w thereafter, at thr opr~on of said MORTGAGEE, as fully and compSe~ely as if all of thr said sums of money were or~ginaily srpu~aTed to be pa:d on such day, anything in sa:d promissory note w in this Mortgage to the comrary notwithstandi~~g; and ~hereupon o~ thereafter at the op~~an of sa;d MORTGAGEE, withoul not~cr or demand, suit at law or in equity, therefore or thereafter begun, may be prosecuted as if all moneys secured hereby had maWred pr~w to its ins~itution. 7. That in the event Ihat at the beginning of or at any time pe~ding any suit upon this Mortgage, or to (oredou it, or to reform it, or to enforce payment of any ctaims hereunder, said MORTGAGEE shall apply to the Gourt having jur~sd~aicn thereof for the appointment of a Receiver, wch Court shall Forthwith appoint a receiver of said mortgaged property all and singular, includ~ng al! and singufar It~e income, prof~ts~ issues and revenues from whatever scvrce derived, each and every of which, it being expressty ~ndtrstood, is hereby morrgaged as if spec~fically set forfh and described in the granting and habendum clauses hereof, and such Receiver shail have alt the b~oad and effec~ive funct~o~s and powen in anywise entrusfed by a Court to a Receiver, and s~ch appointment shall be made by such Court as an adenitted equity and a matter of absotute right to said MORTGAGEE, and witho~t reference to lhe edequacy or inadequacy of the value of the property mo~tgaged or to the soivency or in;o:vency o( sa~d MORiGAGOR or the defendants, and that such ~erns, profits, income, issues and revenues shatl oe apptied by such Receiver accord~ng to the fien w equity o( said MORiGAGEE and the practice of such Court. ' 8. To duty, promptty and fully perlo~m, discharge, execute, eifect, complete, comply w~th and abide by each and every the st~pulations, agreement,, conditions and covenants ~n sa~d promesswy note and th~s mortgage set forth. 9_ That in the event the ownership of the mortgaged premises, or any part lhereof, becomes vested in a person other than the MORTGAGOR, the MORTGAGEE, its successors ar.d assigns, may, without notice to the MORTGAOR, deal with such successor w successw in interest with reterence to this mo~tgage and tFr_ deb~ hereby secured in the same manner as w~th ~Aortgagor w~thout in any way vit~ating or dixharging the Mortgagors' liability herr ~nder u upon the debt heeeby secured. 1VO sale of the p~emises hereby mortgaged and no forbearance on the part of the /AORTGAGEE o~ iss successas or assigns and no extension of the time for the payment of the debt hereby sec~red g~ven by the MORTGAGEE or its successors or assigns, a~~a~l operate io retease; d~scharge, modify change or affect the orig~nal liabilify of the MORTGAGOR herein, either in whoie or in pert. 10. It is speufitaily agreed that time is of the essence of this contract and that no waiver of any obi~gat~on hereunder or of the obligation se- cured hereby shall at any time thereafser be held to be a waiver of the terms hereof or of the instrument se:ured herby. 11. In aod.ticn to ihe forego ng month~y paym^nts of p~inc pal and interest required by the prom'sscry note secured hereby, mortgagor tovenan?s and agrees to pay to mortgagee v`ith each mon~hly payrnent an add~~ional sum est~mated 6y mortgagee to be equaf !0 1~ 12 of the an:wal cost of the follow- : ng: A-A!I ~eal property taxas lev~e~ or assesseo agai•}st the abave desaibcd reat estate. B-Prem~;;ms on fire and windsro:m insu?ar.ce as here~n requ~red to be carried on the ~mprovemeNS s~tuate on the above described premises. C-Premiur~s on such mortgage guaranty ir.surar:ce as mo~tgagee shatl from t~me to time deem fit to carry on the loan secured hereby. Mortgagee shall from t~me ro t~me r.ot~fy mortgagor in wr~t~ng of the amou~t dve and payabSe hereundrr and such sum shali thereupon be due and ;.~yable o~ the due oafe of the next mor.thly payment and each successive month thereafter untit mortqagee shall notify morrgagor of a thange in such a^.ovM. Such sums shail oe app:ied by martgag?e roward the paymenT of real property taxes, insuraice prem;ums, a~~d mortgage guaran~y insurance ( premiums. , ` IN :YITNESS WHEREOF, the sa~d MORTGAGOR has hereunto set his hand and seai the day and year first a4ore,jaid. j Sgned, Seaied and de:ivered in the preser.ce of: ~ Seal) - t 3 ~ (s~a~) ~ ' ' (5eaq c - ~ C!_ A. ~L11[e_ _(Seaq ~ ~ SiATE OF FiORIDA ~ S5. COUNTY OF St. Lucie 1 Befwe me perwnally appeared ' Willi3~ .1• ~ke and Aliee A• ~1ijCe his wife, to me well known and known to me fo be the individuals desuibed in and who execvted the foregoirg instrument, and atknowledged before me that they executed the same fw the purposes therein expressed. And the said Aliee A• ~C6 w~fe of the said willia?a .7• ~11~C@ upon a separate and priva~e examination by me taken separate and apart from her said husband, scknowledged to and before me that she executed said instrument freely end volun- ~ rarily and w~thout sny tompulsion, constraint, appr~eh7e-nys~on, or fear of or t her said husband. ~ WITNESS my hand and ofEiual xal this day of Nave~ber p. ~i4~72_., . ~ Notary Public in and for t State Flwidi• at~l~rge•,. • My Commission expires: • ~ % - ~ Retum To: • ? • ' ' ' - ~ - ~ First Fedenl Savings 3 Loan Association ~ j~ ~ ~ . _ ~ df Fori P~e:ce. ~RR'Y ~L~r`. ~A~ 0~ ~"t°^ ~ ~~E Fort Pierce, Ncrida MY CON111tISSION EXPIRES ~C:•29,; IvS~~~j ~ 242293 Bonded lAru Gcna~at insu~arce b~~il~. s,~~. ~ - :,t S - 7.S" . .,~~r~~.~.;~, ~ This Instrument Pre ared B JOhn W. COl1~DS f)LEO by:, h~COR0E0 ~ p y fT. Lt1Clt COiJNTY FIA. ~ First Federal Savings & Loan Association ~0~~;, -p:TRAS ~ ~ of Fort Pierce ~ Flo~ida CIERK ~'~:~UIT C4tlRT ~ _ ~ ~ !!ECOR3 L'E< <~ED.....r...~. ~ Checked By ~ 10 9 24 ~H ~ 1~ $0~~8 ~i~ ~ ~ ~ ~ - - - = - ~ - x _ ~ ~ ~ _