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Home My WebLink About2516 3. To p~ace and continuo~sly keep on the bui!d~ngs now w heresiter ~ttuate on sa~d ~and and on ali cq~~pmrnt and per~onafty co.ertd by thi: mor~g~ sge, w~th atl prcmium3 thcrcon pa:d in ivli, t~~e insurance in the usval srandard poticy fo~m, in a sum approvrd by rhe MORtGAGEE, a~~d windsrorm ~~~uronce in the uf~al standard pol~cy iam, in a sum approved by the MORIGAGEE, in such tanpany or tanpan~es as ~h~ MORiGAGEE may direcr, and all fire and w~nds~orm inwrance pot~urs on any of said buiidngs, any interest therrin o~ part thereof, in the sgg~ega~e wm ~fo~esaid w in eacess ~hereo(, shall :ontain the ~sual standard mwtgagee clauie a s~ch oihei clause as the Mo+tgagee m~y reyu:re, maAing the loss undrr sa:d polr des, each and e~ery, payabte to said A~ORTGAGEE as ~es interest may a~pear, and Each and eve~y such pc!~cy shait be promp~ly assg~,ed a~~d delh,er.d ~o eny heid by sa~d MORIGAGEE as fu~ther aecur~ty to sa~d mor~gage debt, and, no~ ~ess than een (10) days in advance of ~he e~p~rat~on of esch pol~cy, ~o dr live~ to said MORTGAGEE a renewal thereof, together with a receipt fw the premium of such renewal; and thare shafl be no i~re o~ wi~~ds~o~~n insu~ance placed on any of said build~ngs, any interest therein w part thereoF, uniess in the form snd with the toss payable as aforesaid; and in the evenl any sum of money bccanes pa~able ~~der such policy or polic~es said MORTGAGEE shall have the opt~on to receive and apyly the ume on accou~v of the i~~deb~ed . ness secured he~eby w ro permit sa~d MORTGAGORS to receive and use it w any part thereof for otner purF osrs. .lnho~t ~h e~ or ~~~~po~.- ing any equ~ty, lien or riyht under w by virtue oi Ihis mo:tgage; ~nd in the event sa~d MORTGAGORS shafl ior any reason fail to keep the aaid preiniscs so insured, or fail to delive~ pnxnptly any of said policies of insurance to said MORTGAGEE, or fail p+emptiy to pay fuily any premwm theretw a~~ a~y respecr fail to perfwm, d:scharge, execuee, effecf, completa, comply wiih a~d abide by ~his covenant, w any par~ hereoi, sa~d MURTGAGEE may place a:~d pay for such insurance or any part ~hareof wnhout waiving w affecting any option, lien, equ~ty, or riyM under w by v~rtue of ihis hbregage, a~d the full amount of each and erery s~ch pSyir.ero shall be immediately due and payatle •nd shall bear interes~ from the date thereof un~il paid at the rate of nine per cenWm pe? annum and to~rlF.ri with suth inferest shail be setured by the lien of this mortgage. 4. To permit, commit or suf(cr no waste, i~npairment or deterioration of said property or any part thereoi. S. To pay all and singula~ the cc,sts, charges and expt~ses, inciuding a reasonable attorney's fee and costs of abstracts oi title, incurred or paid at rny ti~ne by said MORTGAG'_E, beca~se o~ in Ihe evenl of the (ailure on the pa~t of the said MORiGAGOR to duly, pranptty and fully periorm, d~xharge, execure, effect, complete, co~npty w:th and ab:de by each and every the stiputanons, agreements, conditions, and covenanTS of sa~d prom~ssory note and thii mortgage any w eithe?, and sa~d costs, charges and expenses, each and every, shall be immed~ately due and payabte; whe~her w not there be not~ce da mand, attempt to collect or suit pend:ng; and the full amount of each and e~ery such payment shalf bear in~eres~ from ~he date thereof until pe~d at the ~are oi nine per cenfum F,rr an,~u~n; and all said costs, charges and eapenses incvrred or paid, together w~th such interest, shall be secured by ~he lien of thi~ mortgage. - 6. Thar (a) in the event of any breach of this Nbrtgage or defau~t on the part of the MORTGAGOR, or (b) in the event any of sa:d sumt of money h~ereiA referred to be not promptly and iully paid wifhin thirty (30) days next after the same severally become due and payable, withoul demand or no~ice, or ~c) in thr event each and every the st~pulafions, agreements, canditions and covenants of sa;d promisso~y note and th~s morlgage any o~ eitFLer are no1 iuly, promptly and i~tly perFormed, d~scha~ged, executed, effec~ed, compteted, complied with and ab ded 5y, then in e;ther w any such eve~t ~he sa~d ag ~regate sum mentioned in said p~omissory note then rema~ning unpaid, with inte~est accrued, and all moneys secured hereby, shall bc~ome due and pay- ab~e fo~thw•ith, or thereafrer, at the opnon of said MORTGAGEE, as fully and comple~ely as i) all of ~he said sums of money were w~ginally suputated to br pa:d on such day,.anything in sa:d prorp:sswy note or in this Mortgage to 1he contra~y notwi~hstanding; and thereupon w the~eafte~ at the op~~on of said MORTGAGEE, witho~i not~ce o~ demand, ,wi~ at law a in equity, therefore w thereafter begun, may be prosecuted as if all moneys secured hereby had matured pnor to ~ts institut~on. 7. Tha? in the event th~1 a1 the beginning of o? at any time pending any suit upon this Mortgage, or to foretlose it, or to retorm it, or to enforce payment of any claims heieurt~r; said MORTGAGEE shaN apply to the Courf having ~u~~sd:c~~on ~hereof for the appo~nt~nent of a Receiver, such Cou~t ahall forthwith appoint a-receiver of s~moNgaged property ail and singular, includ~ng all and singular the inco~ie, p~of~ts, issues and revenues frona whatever source de~ivrd~ each and every of .rvF~ich,.it being exp~rssly unde~s~ood, ia hereby mo.tgaged as i4 spec:fically set forth and described in the grantiny and habendum clauses hereof,:and such Receiver ihatl ha've al(~~ie broad and effective funu~ons and powers in anywise emrusted by a Cou~t to a Receiver, and s:ch appoinrment shatl b~;made by such~tourt-as an admitted equity and a matrer of absotute right to said MORiGAGEE, and wiihout reference to the adequacy w inadequacy of the value of the property morigaged or to the soivency or ~nsofvency of said MORTGAGOR a the defendants, and that such ren~s, profits, income, issues and revenues shall be applied by such Receiver accord~ng to the lier~ or equvy ol said MORTGAGEE and the practice of such Gourt. ~ 8. To duty, promptly and fully perform, discharge, execute, effett, complete, tomply with and abide by each and every the stipulations, agreements, conditions and covenants in sa~d promissory note and this mortgage set futh. 9. That in the event the ownership of the mortgaged premises, or any part theraof, becomts vested in a person other ihan the MORTGAGOR, the hSORTGAGEE, irs successors and ass~gns, may, wiihout no~ice to ~he M.ORTGAOR, deal with svch successor or successor in interest with refere~ce to thia r:ortgage and the debt hereby secured in the same manne~ as with Mortgagor wethout in any way vit~ating or d~xharging the Mortgagors' liab~lity herr under or upon the debt hereby secured. No sale of the Fremises hereby mortgaged ~nd ~o ferbearance on ~he part oi the MORTGAGEE or its successors or ass~gns and no extens~on of the time fa the payment of the deb~ hereby secured given by the MORTGAGEE or its successas or ass~gns, atiall operate to release, d:scharge, modify change o~ affet? the original liabli~ty of the MOR7GAGOR herein, either in whole or in part. 10. It 7s speufically agreed that time is of the essence of this contract and that no waiver of any obliqation hereunder or of the obligation se- cured hereby shal~ at any time thereafter be held to be a waiver of the terms hereof or of the instrument secu~ed he~by. 11. In add~t;on ro the forego ng month!y payments of princ pal and interes~ required by the promissory nore secured hereb~, mortgagor covenants a~.d agrees ro pay to mortgaqee ~nith each momhiy pay~nent an add~rional sum estm~ated by mortgagee to be eq~ai to 1,' 12 of the annual cust of the follow- ~ng: A-Alt reat property taaas levied or assessed against the above described real estate. B-Pram~„~ns on fire and .vendstonn inw~ar.te as herein requ~red to be carried on the ;mF:roveme~ts sitvate on the above d=scribed premises. C-Prem~~ms on sech mortg;ge guaranty ir.sura~.ce as mortgagee shait from rme to t:me deem fit to carry on the loan secured hereby. Mortgagee shait '.om ti~,:e ro t~me notify mo;tgagor in wr~ting of the amount dve and payable here~ndrr and such sum shatl thereupon be due and ;,yable on th~ due oate of ~h~ next moroh:y paymero and each wccessive monrh tkereafter untii mortgagee shall natify moregagor of a change in such e~~ca~M. Such wms sFa:l be appi~ed by mortgagee roward the payment of real property taxes, insurence prem:ums, and mortgage guaranty inaurance I p~emiums. ~ IN YJITNE55 ':1MEREOF, the said MORTGAGOR has hereunto set his hand arxl seal the day a first aforesaid. i ~ igned, Seated and de ' d in e p~esence of: j Seaq ~ _ B G Y zd (Ses4 _ ~ -uf` (Sea~ ~ Dofot uanita Gezhard ~~ai~ ~ ~ SiATE Of FLORIDA S5. COUNTY OF SL. Lucie ( Befwe me personally appeared G. B• Gerhard " a~d Dorothy Juanita GEZh2?Zd h~s w~ie, to me well known and known to me to be tne individuafs described in and who executed the foregang instrument, and acknowledged before me that they executed the same fw the purposes ~herein expressed. And the said- Dorothv Juanita GerhaYd ,~v~fe of the said G. B• ~erhard ~~n'i ia}rt~,private e~.am~nat;on by me taken separate and apart from her said husband, acknowledged to end befae me that she executed sa'd in~t}~IrneM~ ~Od'v_oluo- ~ rar~iy and without any computsion, constraint, appreh siqr* or fear of or from r sa' husbantl. tR.. D ~ , ~ . ~ WITNESS m y hand and otficial seal thi: ~ da y of eC /1,~~D.~ ~ 7 a e ~ ~ 1- ~ ~ ~ No ry Public in and t e=S~;of Florida et Urgq : ~ My Commission expirei: Q~~~ ~ ~j ' ; Retum To: ~ .':9 Q - `c ~ ~ - . ~ First Federal Savings R Loa~ Association ~ • ~ ~ 4_ ~ Of fort P.erce. S j,~ ~ ~ Fort P~arce. Florida . ~~~1/In..n~~'`~~ fILE~ ~K~ ~.ECUitDE~ ~ St.~UU[ i,0i111tY flA. ~ , .J1ZR1~5 ~ This Instrument Prepared By J. H. Roberts ~ Jr. aRK C';~''•U1~ COURj First Federal Savings 8~ Loan Association ~~E =••,F1£~ ~ of Fort Pierce Flozida RfC~~=''' u~~~ r ~ ~ ~ ~ g5 s~ ~ Checked By C T 2433 ~ ; ~~R~ 2U8 F~~~ 2516 ~ ~G ~ - _ _ - - - - ~ ~ ~ ~'~~r~- ~ ~`a,~`~'' •k~ ~ .-^°"~~.'4~ t~ ' : f~ ~ . F ~ . uA . . : . _ ,