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Home My WebLink About1188 3. To p~ace and :ont~nuousty keep on ti~e bu%id~ngs now or hereaher s~t~ate on said tand and on a!i equipment and personally covr~ed by this mweg- e9e, with all premiums therron p~.d in f~ll, iire inaurar,te ~rt the ~t~~l stendard policy form, in a sum approved by the h.OR~CaAGEE, ar.~ w~:~dato~m ~nsuroncc in the usual standard paLty foim, in a sum app~ovtd by ~he MORTGAGEE, in such company o~ CJmpaniBf as the l~~ORTGAGEE may d~m?; and aU iire and w~nda~crm insurance poGcies on a~y of sa~d build~ngs, any ime~est thera~n or pa~t thereaf, in the agg~eqate s.,rt~ aforesaid o~ in excess ~hc~eof, shall contain ihe usuai standard mo:tgagee dause or ~uch o~he~ ciause as the Mortgagee may req~~~e, maling tf~a loss undr~ sa~d pol~ • c~es, each and eve.y, payabte ra :afd AtORIGAGEE as ~is lnreres~ may appea?, and each and every such poticy ~hall be promy~ty ass gr,~d a~~d dellvered ~o eny held by said MORiGAGEE u funhe~ security to said mortgjge debt, and, no1 less than ten (10) days in ad+ance oi the expirat~on of each poGcy, to dr I~ver to aaid 610RTGAGEE a renewal thereof, toge~her wrth a rece~pt for the premium of svch renewal; a.~d ihere shail be no i,re or w~~~d:to~m inwrance ptaced on a~y of said build~ngs, any interest Iher~in or part thereof, unless in the fo~m a~d with the ~ois payab!e as aforesaid; and in the eae~~t any sum of money becornes payabie undtr such policy or poGc~es said MORTGAGEE ahalt have ihe opt~un to ~ece~vr and apN;y the same on account o) the indebtcd- ness secured he~eby or to pe~mit sa~d MORTGAGORS to rece~.e and use it w any par~ the:eof ior ori~~~r H„r+,asrs, v.~~i~~;,;~ ~h_•.u~ .w~.~ or ~~•.p~~~• ing any equ~ty, lie~ w right under o~ by vir~ue of I~is mo-egage; snd in the event sa'd MORTGAGORS shall for a~~y reason fail to keep ~he sa~d p~em~s:s sa insurcd, w fail to deliver pranptly a~y of said poi~ties of insvrance to sa+d MORtGAGEE, or fai! prompily to pay fu~'y any pre~n~u:n thcrefor or in any resy~ect fail to periwm, discharge, execute, effect, complete, comply wirh and ab~de by th~s tovenant, or any p~rt he~eof, sa~d MGRTGAGEE may piace ano pay for such insur..nce or any part th2reof w~ihout warving o~ affecti~g any op~ion, lien, equ+ry, or right under or by virrue of rhi3 Mortgage, and the f~ll arnovrti of each and every suth payment shalt be ~mmediately d~e a~d payable and shall brar intcrzst from tha date thereof until po~d at the ~ate ol mne per ce~tum per ann~m and to~rther wiih such inte~rs~ shaii be secur~d by the lirn of this mortgage. To permit, commit or suffer no waste, impai~ment or detrrioration of said property or any part thereof. 5. To pay all and s~ngular the costs, charges and expenses. ~nctuding a reasonabte atro•ney's fee and cos~s oi abst~acts of title, incurred or paid at any ti~ne by said MOR1GAGfE, betause or in the event of the fa~~ure on Ihe pan af the said MORTGAGOR to duly, prompdy and fu:ly perform, d~scharge. execute, effect, comptete, comply w~th and ab:de by each and every Ihe s~ipu~anons, agreements, cond~tions, and covenants of sa~d promissory note and th+s Tortgage any or either, and sa:d cosrs, charges anti eapertses, each and every, shall be immed~ately due and payable: wt~ether or not there be not~ce d~ mand, attempt to collect o~ s~it pend~ng; and the iull amount of each and every such payrr~nt shall bea. interest from the date thereof until paid al the ~:~+e of nine per centvm yer am~u:~; and all said wsts, charges and ezpenses ~rxurred or paid, together w~th such inteiest, shall be set~rzd by the Gen of this mortgs9e. 6_ Tiwt (a) in the event of any brrath of this Mortgage or default on tFw part of the A10RTGAGOR, or ;b) in the event any of sa:d sums of mo~ey herein refened to be not promptly and fully paid •xith~n th~rry (30) days next afrer the same severa!ly becan~e d~e and payab'e, without dernand a notice, ~r ic) in !he even! each and tvery the stipu~ations, a9reements, cor.d~~ions and covenents of sa.d prom~swry no~e ancf ths mortgage any or enher are nol i:,'y, promptly and iully performed, d~scharged, exec~ted, 2ifected, completed, complied w~th and a6~ded 5y, ~hen in eaher w any such event the sa:d ag- ?regate sum mentioned in sa~d promissory note thm remairt;ng unpaid, with interest accrued, and atl moneys secured hereby, shall become due and pay- ao.e forthwith, or thereaftr~, at the apf~on o4 said MORiGAGEE, as futly and comp!etely as il all of the aa~d sums of money were onginaqy s~~pvlated ~e be pald o~ wch day, any~h~n3 en sa:d prom~ssay note or in this Mortgage to the contrary norwirhsrand~ng; and thereupon w thereafter at ~he op~~on of s~a~. MORTGAGEE, wi~hout no~ka or demand, suit at law o~ in equity, therefore w Ihereai~er begun, may be prosecuted as if all moneys secured hereby n;,d matuted pnpr to ds instituhon. 7. That in the evem that at the begin~~ng of or a1 any time pend;ng any su~t upon this Mortgage, w to roreclose it, or to relorm it, o~ fo enforce payment o1 any daims he~eunder, said MORTGAGEE shall apply to the Court having ~w~sd:Uion thereof {or ~he appo~~tment of a Receiver, such Court shail icrrhwith aFpoiN a receiver of said mortgaged property atl and singular, ind~d~ng all and siregular the ir.come, profin, issues and revenues irom wha~e~er s~~~~ce derived, each and every of wh~ch, it being eRpres:ty undenrood, is he~eby mongaged as if speuf~cally set fo~th and described in the granting and ~,,oendum clauses hereof, artd svch Receiver shull have aIl the broad and effectivt funa~ons and powers in anyw~se entrvsted by a Court to a Receiver, and s_:h appoiniment shatl be made by such Cour1 as an admitted equity and a ma~ter of abso~ute.righr fo said MOR7GAGEf, a.id without ~elerante to the r.dequaty or inadequacy of the value of the property mo~tgaged or to the so~vency or insolvency oi said MORTGAGOR or the defendants, and that s~ch re~~s, profits, income, issues and revenues shall be appiied by such Receiver accord~ng to the tien or equity of said ~110RTGAGEE and the prad'ce of such CJUf1. 8. To duly, promptly and fully perform, discharge, execute, effect, complete, comply w~th and abide by each and every the stipulations, agreements, cor.ditions and covenants ~n smd promissory note and this mortgage set forth. 9. That in the eve:~t the ownership of the mortgaged premises, or any part thereof, becomes vested in a person other tha~ the MORTGAGOR, the .'.ORTGAGEt, its wccessors and ass~gns, may, withouf no~,ce ro the AlORTGAOR, dea! with wch successor or successor ~n interest ~vf~h refere~ce to this mcrtgage and the debt hereby secured in the same manner as with Mortgagor without in any way vitaating or d~xharging the Mortgagors' leability herr ~~~der or upon the d~~bt hereby secured. No sa[e of tf:e Frem~ses hzreby mortgaged and no forbeara~te on the par~ o~ ~he /AOR7GAGEE or its successon or ass~gns and no extension of the time for the payment of the debt h~reby sxured given by the NORTGAGEE o~ its successors or ass~gr.a, a~~all operate ?o retease, d~scharge, modify change or afiect the orig~nal liab~l~ty of the MORTGAGOR herein, either in whole or in parf. 10. It is speuf~cally ag.eed that time is oi the essence of th~s contrict and that no waiver o( any obl;gano~ hereunder or of the obligation se- cured he~eby shall at any time fhereafter be he;d to be a waiver of the terms hereof or of the inst~ument secured herby. I1. In acidn~o~ to the forego'ng n.ontii!y paym~nfs of princ pal and interest req~ired by the prom~ssory no!e secured. hereby, mortgagor covenants d agrees to pay to mo:tgagee wi~h each momhly payr.:e~t an add~cional wm rst~~.~.ated by mortyagee to be eqvaf to 1 12 of the annuel :ost of the foltow- A-Alt rea! propz,ty taazs tev~ed or assessed agai•,st fhe above descri5ed real estate. ? B- Prerr,iu~ns on fre and v~indstwm ~nsurar.~e as nerc~n rcqu~red to be carried on the :mproveme~ts sit~ate on the above deu~ibed premises. C-Prem~ums on such mortgage guaranty ir.surar.ce as mortgagee shaff from t:me to t~me deem fit to carry on the loan secured hereby. Mo~tgagee shal! from time to tin,e noti/y mcrtce3o~ ~n w!i:ing of the a~~ou~t due and payable hereund~~r and su~h sum shall thereupon be due and ,,able on the due datr oi the next rt;onth:y paymn;~t and each successive month thereafte+ w-.til mortgagee shall not:f~ mortgagor ot a change in such .~unt, $~~h sums sha~l be .:pp!ied by mortg3gee ror:ard fhe payment of rzal property taxes, insura~ce prem:ums, and mortgage g~aranty inwrance ; ~errziums. " N YJITNE55 Y~HEREOF, the sa~d MORTGAGOR has hereunto set his hand and seal the day and year first aforesaid. - ~ ned, Sealed and d iver i the presence of: ' ~ 7 ~ Seal) f , ~ (Seaq J - l5eaq _ ~ (Seap S-:+TE OF FLORIDA St. Lucie " ~JUhTY Of ~ Befare me personally appeared Clall~e C• ~aV1S a~ Lillian M~ Davis - h;: wcr~, to me well known and known to me fo be ~ rne indiv~duats deuribed in and who exewted the foregoing instrument, and ackoowledged before me that they executed the same for the purposes ~ rhe•eFn expressed. And the said , L?i1~~aI1 {K. Davis ' N:f~ of the sa7d Cluade C• Qa,Vls upon a separate a~d ~jrv~te eram~nation by me taken separate and apart from her uid husband, acknowiedged to and before me that she executed said instrument freel 'Me!' yn- ` ~a-,i and witho~t an com ulsion, canstraint, a y'~'~~. ~ ? Y Y p ppreh ns;° or fear o! or from he~ said husband. . .~J . ' WITNESS my hand arsd offkial seal this day of N t~. tJ~. 14 •~z L~ ~ ~ ~ otary Public in a~d for the e o1 da larae ~ ~ My Comm~uion expires: ~ ' : = Rewm To: - _c 1~ • . e. " First Federa) Savings S Loan Associa:ion '~'~~~A ~~e r- NQTARY PUB,EC, STATE Of Fort P.erte. MIY CO;~•'~_$,~y Ft( • t• , Fort Pierce. Ficrida Bona. o „ n~ ~C" ~~S . a^,fS ShCe~w?Ris." This Instrument Prepared By RiCha7[d K. ICaygs f LED ah~ RECOkDED First Federal Savings & loan Association f~. LUCt: COUMTY fLA. '•of Fort Pierce~ RloYida RO~~F r~1tRAS CLERK G:= t;uli COURT Checked By`~ p~COR~ :EF•c~EO Nor 11 9 32 AN'71 ~a~~2afi ~~~.~1~R~ 24z.~ss _ - , ,i -~,.-a - ~ ~ ~ , ~s~~~~ : ~