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Home My WebLink About4107 3. To place and co~~inuously keep o~ rhe b~i:d~n9s now or hereahe~ ~i~ua~e on said ~and snd o~ all eq~~pment and personally covzred by ~h~~ morfg- ege, wi~h all ptem~~~ns ihrrcon pa~d in (ull. lire insvrance in the usu~l s~andard pol~cy (orm, in a sum approved by rhe MORIGAGEE, and winds~orm in~urance in ~ha usuat s~andard pol~cy foim, i~ a sum approved by the MORTGAGEE, in tuch co~npany or cornpames as the MORTGAGEE may diral; a~+d all fire and wmd~turm insuronce poGcies on any of said buiid~nqs, any interes~ Ihe~ein or part Ihzreo(, i~ the aggregate wm etoresaid or i~ eacess thrreof, shall co~taln ~he usual atandard morrgagee clause or such o~her clause si ~he Mortyagee may requ~re; mak~ng the loss under ia~d po~i- c~es, each and every, payab~e ro sa~d htORTGAGEE as ~u 7merrit may appear, and each and every such put~cy shail be prompny ass gnrd and de~iv~rrd ~o eny held by sa~d MORTGAGEE a~ furthe~ security to said mortgage debt, and, not less than ten (101 days in advance oi ~he eapirat~on o1 each poticy, to de- Gve~ ~o sald MORTGAGEE a~enewal ~hereof, toge~he~ w~th a rece~pt (or the premlum of such renewal; and ihere shall be ~w h~e or windsto~m insu~ance plated on any o! said buildings, any interesl therein or part Ihereof, unless io the ioim and with the loss payable a• aforesaid; and in the event any sum of money becanes payable vndrr such p~!i:y cx polic~e~ sa~d MORTGAGEE sAall have the opt~on to reca~ve and apply tbe sa~ne on auo~~~~ of the ind.:~ted- ness fecured hrrrby w to permit said MORTGAGOR$ lo reteive and use it a any part therrof for o:her purF~osrs, v.~u~out ~h or wu.+ c~ ~~~~p~~^ ing any tqu~ry, Gen or rfqM undcr o~ by virlue of fhis mortgage; ~nd in the evero ia~d MORTGAG^4S shall !er any ~eason fail to kcep ihe sa~d premitas so insured, or fail to deliver oromptly any of said poliues of insurance to sa~d MORTGAGEE, or fail promptly to pay fully any yre~~~wm thercfot or in anY resped Fait ro pe~form, d~scharge, execute, effect, complete, comply with end abide by this covenam, or any perr hareo(, so~d MJRIGAGEE may p~ace and pay fw s~ch insurance or any parl thereof without waiving a affecting any option, lien, equ~ty, o~ nghf under w by vi~rue of ihis hlortgage, a~d tht full amount ol each and e~ery such payment shalt be immediately due and payable and shall bear intereat from tha date the~cof until pa~d at the rate o1 nine per centum per ann~m ard to~rther wnh such imereat ahall be srcured by the lien of thi~ mortgage. 1. To permit, mmmif a suffer no waste, impairment or deterioration of said property w any part thereof. 5. To pay all and singular the cosrs, charges arx! expenses, incl~d~ng a reasonable attwney's fee and costs oi absrraUS o( tirEe, incurred or pa~d at any time by sa~d MORTGAGEE, because a in the eveN of the iailure on the pa~t of the said MORTGAGOR to dufy, prompNy and f~lly perlorm, d~scharge ~xecute, etfed, complete, co~nply w~th and ab:de by each and every the stipulat~ons, agreements, conditions, and covenants of said pro~nissory note and this mortgage any w either, a~id sa~d cosn, charges and expenses, each and e~ery, shalt be immed~ately due and payable; whether or not there be no~~ce dr mand, attempi to collect or suil pend~ng; and fhe full amount of each and every such payment shall bear in~erest from the date thereof until paid at the r.,re of nine per cansum per an,~u:n; and all said costs, charges and expenses incurred w paid, ~ogether wdh ~uch intc:esl, shall be secured by the i~en of this morlgage. 6. 7hst (a) in the event of any breach o( this Mortgage or default on the pa~t of the A10RTGAGOR, u(b) in the event any of satd sums of money hrrein referred to be not promp~ly and fully paid within thuty (30) days next after the same se:eratiy become due and payabte, withou~ demand o? notice, or (c) in the event each and every the atipulations, agreements, condhions and co~enants of sa.d promisse~y note and th~s mortgage any or either are oot ~uly, promptly and fully performrd, d.scharged, eaecuted, effected, completed, compl~ed with and abided Sy, the~ in e~ther or any such event the sa~d ag ~regate sum ~nentioned in said promiss~y rwte then remaining unpaid, with intere5t acc+ued, and atl moneys secured hereby, shall become due and pay- aoie forthwith, oi the~eafter, at the option of sa~d MORTGAGEE, as fully ard completely as if aIi of the said svms of money vvere onginalty shpuiated to be pa:d on such day, anything in sa.d promissory note or in this Matgage to the contrary nor.v~~hstand~ng; and there~pon or thereafter at the opt~o~ of sa:d MORTGAGEE, withcut nor~ce o~ demand, suit at law w in equity, therefwe or thereafter begun, may be prosecuted as if all moneys se:ured hereby n~d matured pr~or to rts institut~on. 7. That in the event that at the beginn~ng of or at any time pend~ng any su~t upon th~s Mortgage, er to foreclose it, or to reform it, or to enforce payment of any claims hereu~er, sald MOR7GAGEE stull apply to ~he Court having jur~sd:ctlon thereof tor the appaintment of a Receivei, such Court shail Forehwirh appo~nt a rece~ver of said mortgaged property all and singular, inctud~ng atl and singular the inconu, prot~ts, issues and revenues Irom whatever source derived, each and every of wh~ch, it be~ng eapressty understood, is herrby morrgaged as if spec~fica~ty set forth and described in the g.anting and hacendum cfauses he~eof, a~d svch Receiver shall have all the broad and effect;ve funct,ons and powers in anywise entrusted by a Court to a Receiver, and s. ch appainrment shall be made by such Court as an adm~tted equity and a matter of absotute right to w:~ MORTGAGEE, and without reference to the adeyuocy o~ inadequacy of the value of the property mortgaged or Io the so.vency or insolvency ot said MORiGAGOR or the deiendams, and ~hat such ~ re^~s, profits, income, issues and reven~es shall be applied by such Receiver accord~~tig Io the lien or equity of ssid A10RTGAGEE and the practice of such Cour1. . 8. To duly, promptly and fully perform, discharge, exec~te, eftect, complete, comply with and abide by each and every the stipulations, agreements, condinons and covenants ~n sa~d promissory note and this mortgage set forrh. 9. That in the event rhe ownership o( the mortgaged premisas, or any part thereof, becomes vested in a person other than the MORTGAGOR, the :'.CRTGAGEE, its tuccessors and assigns, may, withou~ not~ce to the MORTGAOR, deai with such sutcessor a sutcessw in ~nterest with reference to this ~:o~~gage and the deot hereby secured in the same manner as with tdortgagor without in a~y way vitiating or d~scha~ging the Mortgagari liability he~e- ~~~der or upon the debt hereby secured. No sa:e of the premises hereby mortgaged and no iorbearance on the part of the IdORIGAGEE or its s~ccessors or assigns and no exrens:on of rhe time fw rhe payme~t of the debt hereby secured qiven by the N40RTGAGEE or its successors or au:gns, aiull operate ~o re~ease, d~scharge, mod~fy change or atfect the o~iginal liabiiity of the MORTGAGOR herein, either i~ whole or in part. 10. It is speufically agreed that time is of tho essence of this contract and that no waiver of any obl;gation hereunder or of the obligation se- cured here6y shati at an~ time thereafter be heid to be a waiver of the terms hereof w of the instrument secured herby. I1. i.~ ~;idn:o~ •o the fotego:ng momh~y payments of princ'paI and interest requ~red by the prom~ssory nore secured hereby, mortgagor covenants j•~d agrees to pay to mortgagee .~~sh each ~nonfhiy pay~..ent an add~r~ona! sum es::mared by mortgagee to be equal to 1,- )2 of the annual cost of the fo:low- A-AU real property taxrs lev~ed cr assessed agai~ist the above desuibed real estate. B- Pr.r,~u rs on Lre and ~xfndstor~-+ ~nsurar.ce as i~ere~n requ:red to be carr6ed en the Improveme~ts s:ruate on the above d~sv~bed premises. ~-Pre:niu:ns on such mo~tg,ge gusanty ~r.sura~:ce as mortgagee shall from t:me to ~~me drem f~t to carry on the loan sewred hereby. Mongagee s~e~i from t~e+~ to r~me norify mortgagor in wr~t~ng of the an,ou~t d~e ar.d payable hereunder and such surn shall thereupon be dve and { ;.+vabfe on the due datr of the next monrhly paymem and each successive month thereafter uctil mortgagee shall no:~fy mortgagor of a change in such ~-ount. Such wrns sF~:i be applied by mortgagee toward the payrr.ent of real property taxes, ins~rance prem:ums, a+id mortgage guaranty insurance t~•emiums. ~ 11V V~IiNE55 '.YN~REOF, the said MORTGAGOR has hereu~to set his har.d and scal the day and year first aforesaid. ~ Signed, Seated artd delivered in the presence of: ~ t ~ ~ ~ t Sea4 ~ - ~ ~ • r ~ ~ (SeaQ } . `4.~~ L(.'Z. ' (Seal) e - - ; ROSal] lY0 ~~a~~ ~ SiAiE CF KeMS/1~NQ'W YOY~C ~ 55- ~ ~OUNTY Of v a ~ ~ eefwe me penonalty appeared Howaid L $an O and e ~ _ RQBd~Yd~a,~ YO his wife, to me well known and k~own to me to be ~ the ind~vid~als described in and who executed the foregoing instrument, and acknowledged before me that they executed the same for the purposes therein expressed. And the said Rosaly~ Sapiro ~ :,~fe oi the sa~d - - HOSIa!(~ L.. Sanizo upon a separate and private e~am~nanon by me taken separate and apart from her said husband, acknowledged ro and before me that she executed said instru.nent freely and voluo- ~ ra~~iy and wnhout any compulsion, constraint, apprehenslon,,.or fear of or from her said husband. : L i"' ~ WITNESS my hand and offic~al seal this day of ~ecember A. D. 19 72 ~ Notary Pul~t in ar.d for the S e of florida at Large ` My Comm~ssion expires: ~ ~j ~C ~ Rewm To: ~ - First Federal Savings E loan Asseciat:on Of Forr P.~rt.a e1'~r ~ Fort P~erce. Fiorlda +STAiIY ~11~IG. StoF~ s~ 1~ R'. Na 3~ ~61570 :~rl~~.^ Mt Nws~u Go~/~ ..~,,.~,t, N.~n sa W- I~ y~ ~ ! I?N!~ ~,L~Y f LA• This Instrument Prepared By J. H. Robetts, J7C. ~j,11~lf G~ First Federal Savings & Loan Association ~4~V. ~'4jTR~t ~ of Fort Pierce ~Flozida C~£pK ~;~CY~S ~0~~ K~ AEC9Rd Y~Q f IEA ~ E Checked By~- ~C•aIS ~Ut`7 ~l.Cf ~ Z~ ~ 1 ~Z ~ ~y ~ - 244339 ~S ~ _ _ . ~ ~ _ x ~ : 3 r ` ~ y M ~~^!`°'r^.;+~~~~5.,_~.lt_~,..,~.,,.~:. ~ , : 4~ .'~F'~'~~'~