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Home My WebLink About4109 To place and com~nuo~sly keep on the 6~2d~ngs ~ow w herrat~er ~Ituate on sa~d land and o~ aR cqu~p~nent and personatly coveied by th~s morrg- ege, wlth al) premiu+ns thr~eon pa~d ~n fufl, flre insurnnca ~n ihe ~sual sro~.dard po~~cy form, in a s~m approYed by the MGR~vAGEE, and w~~~di~orm ~nsurance in ths us~al s~andard po~~cy lorm, in s sum approved by the MORTGAGEE, in such canpany or co~npan~es as the MORiGAGEE m~y d~rrd; and all lire and w~ods~orm insuronce po6ues on •ny of sa~d bu~ld.ngs, any interest therein or part Ihereof, in the aflgrrga+e ium afae:a~d a in excess ~hcreof, shaU cw+~a~n the usual standard mortgagee clause w such o~her clause as ~he Mor~ga;ee may reyu:re, makin9 thr ~ess undrr sa~d po~i- ues, each and every, pay~ble 1o said h\ORTGAGEE as ~ts iroerrsl may appear, a~d each and every ~uch pc!~cy ahall be ptomptiy ass gned and dei~ra«d ~o eny held by said MORTGAGEE aa further secw~!t~ to ~a~d mortgage debt, a~:d, not less than ten (10) days in ad+ance of the expirotioo of each pol~cy, to da irver to said MORTGAGEE a renewal thereof, toge~her with a rece~pt for the prem;um of such ~enewat; and ~here shail be no f,re or wlndatorm ~nswance pleted on any of said buildings, any interest the~ein or part thereof, unlcsa in the form and w~th the loss payable as aforesaid; and in the event a~y sum oi money becomes payabte uoder such poticy or poliues said MORiGAGEE sh~Il have ~he opt~on to receive and apFty the same on a:co~nf oi ~he ind~bted- ~ess secured hereby a ro permit said MORTGAGORS ro rcceiva and use it a any part ihe:eof for om~r uu~FOSrs. \Y~~CJUf ~h_~.ur ..a~Y~.,~ c• ~~+~p~~~- fng any equlty, Gen w r~ght under or by virtue of this mo::gage; and in the event sa~d MO~TGAGORS ~hjll fw any rcaso~ fail to keep ~he sa~d premle~•s so ;nwied, a fail to deliver promptly any of said policies of insurance to sa~d MORTGAGEE, or faif promprly to pay fuity dny p~e+~~~um thereior or in any respect fail to perfo~m, d~scharge, eaecule, effect, completr, comply with and ebide by ~his cove~ant, or any par~ hrreoi, sa~d Mt~RIGAGEE may piace a~.a pay Fa such insurance or any part thereof without waiving or afiecti~g any op~ion, lien, equ:ty, or ~ight undet w by virtue of this Mortgage, and tht fu11 amo~nt of each and eve~y such payment shall be immedistely due and payable and shall bear interest from tha date thereof un~il p:id at the rate of nine per crntum per annum and to~ether wilh auch inter~st shali tx secured by Ihe IiM of Ihis mortgagr. 4. To permil, commit w suffet no wasfe, impairment o~ deterioration of said propcrry or any part thr~eof. S. To pay all and singular the costs, charges and expenut. ~nclud~ng a reasonable attwney's fee a~d costs of absrracts o~ t~rle, incurred o? pa~d at ,ny time by sa~d MORTGAG:E, because w in ~he eve~t of the iailure on tha par~ of the said MORTGAGOR to duly, prompfly and fuily perform, d~scharga. ~xecute, efiect, ~ompleee, comply w~th and ab:de by each and every the stipulai~ons, agreements, cond~nons, and covenants of said promissory note and ~h~i ~~orrgase any or eithe~, and sa:d costs, cha~ges and expenses, each and every, shall be immed~atety due and payable: whether or not ~here be not~ce de ~,and, attempt to collect or suit pend~ng; and the full amount of each and every such payment shatl bear interest from the date thereof until paid at the ~.e~e oF n;ne per cenwm per annum; an~ ail said costs, char3es and expenses incv~red or paid, together wah such iNeresL shall be secured by the I~en of th~~ mortgage. • . 6. That (a) in the event of any breach of this Vlortgage or default on the part of the MORTGAGOR, o~ (b) in the event any o1 sa;d sums of money herein referred to be not p~omptly and futly paid within th~rty (30) days next after the same seve~alty become due and payable, witho~t demand a notice, or (c) in the event each and every ~he stipulations, a9reemeNS, conditions and covenants of sa.d promissory ncta and th~s mortgage any or either are not iu:y, promptly and fully performed, d~scharged, executed, effected, completed, compl~ed w~th and ab~ded 5y, then in e~tner a any such eve~t the sa~d ag- gregate sum ment~oned in said promisswy note the~ remairting unpaid, with inte~est accrued, and all moneys secured hereby, shall become due and pay- ac e forthwith, w thereafter, at the option of sa+d MORTGAGEE, as fuily and complete:y as ii alt oi the said surns of money were ongmally st~putated ro be pa:d on such day, ar.ything in sa:d promissory note or in this Mwtgage to the conrrary notwllhsianding; and therevpon or Ihereafter at the op~~on of sa:d MORTGAGEE. w~rhout nor~ce o? demand, suit at law or in equity, therefore or thereafter begun, may be prosecuted as if a~l moneys secured hereby n_d matured pnor to ~ts mstitution. 7. That in the evenf that at the beginning of or at any time pe~ding any suit upon this Mortgage, or to fweclose it, or to ?eform it, or fo enforce paymtnt of any tlaims ha~eunder, said MORTGAGEE shalt appfy to the Cov:t having ~ur~sd:ct~on thercof for the appo~ntment of a Reteiver, wth Coun shail fc:thwith appo~nt a receiver of said mortgaged property all and singular, includ~ng al~ and singv~ar ~he income, prof~ts, issues and revenues from whatever scurce drrived, ea<h and every ot wh~ch, it being expressty undersrood, is hereby merrgaged as if speuficalty set io.th and dewibed in the granting and habendum clauses hereof, and such Receiver shall have a~l the broad and effect~ve funct,ons and powen in anywise emrusted by a Court to a Receiver, and s. ch appointment shall be made by svch Court as an admitted equity and a matter of absolute right to said MORTGAGEE, and without reference to the adequacy w inadequacy of the value of the property mortgaged or to the so~vency or ~nso~vency oi said MORTGAGOR w the defendants, and rhat such renrs, proiits, income; issues and revenues shall be applied by such Receiver accord;~ig to the lien or equity o( said MORTGAGEE and the practice oi such Court. 8. To duly, Fromptly and fully periorm, discharge, execute, effect, comptete, comply w~th and abide by each and every the stipulations, agreemen's, ;cnditions and covenants in u~d promissory note and th~s mortgage set fwth. 9. That in the event the ownership of the mortgaged premises, or any part thereof, becomes vested in a person other than the MORTGAGOR, the 4`~RTGAGEE, its successws and assigns, may, without no~~ce to the MORTGAOR, deai wrth such successor o~ successor in interest with refere~ce to this n~o•rgage and ~he debt hereby secured in the same manner as with Mortgagor w~thout in any way vit~ating a d~scharg~ng fhe Mortgagors" liabitity here- under or upon the debt hereby sx~red. No sale oi the Frernlses hereby mortgaged and no fo~bearan~e on the par~ of the MORTGAGEE o: its successors or assigns and no eatens~on of the time for the payment of the debt hereby sec~red given by the ~AQRTGAGEE or its successws or ass~gns, ~tiali operate ro re!rase, d~scharge, mod~fy change a affect the original liab~l~ty of the MORTGAGOR herein, either in whole or in part. 10. It is spec~ficafly ag~eed that time is of the essence of this contract and that na waiver of any obl~gation hereunder or of ihe obligation sr c~~red hereby shal~ at any time thereafier be heid to be a waiver of the terms hereof or of the instrument sec~red he~by. 11. In addnio~ to the forego'n~ month!y paym~nts of psinc paI and intere3t required by the prom:ssory no!e sec~red hereb~, mortgagor cove:iants d agrees to pay to morrgagee v~ith each monfh'ry pay~nent an add~rional sum esc•~,ared 6y mortgagze t~ be equal to 1, 12 of the annual cost of the follow- A-Alt real properry raxes !evied or assessed ag3i•~s: thc a6ove desribcd real estate. B-Pr~rt:~ums on fire and riindstorm insurar,~e as here~n requ:red to be carried on the +mprovemr~ts s~tuate on the above d-scribed premises. C-Prem~ums on such mortgage guaranty ir.surar ce as morigagee shall fre~r. t"me to time deem fit fo carry on the loan securerl hereby. Mortgagee shaH from time to t~me notify mortgagor ~n writing of the amoun~ due and payabte hereundrr and such su:n shaR thrreupon be due and : ayabte on the due dat> of the ne:t monthiy payment and each successive month thereafter uatil mortgagee shall notify mortgagor of a change in such ovM. Such sums sFail be appiied by mortgagee ta,vard the payrt:ent of real property taxes, insurance prem,ums, and mortgag? guaramy 'insurence ~ ,~~re~nium5. . IN YdITNE55 YlHEREOF, the sai MO AGOR has hereu~to set his hand and seal the day and year first a r aid. t ~ ig , Sea~ a d ered in pre nce of. s ~ ~ • ISeal) 4 Richard E. Vell r ' ~ (Seaf) ~ ~ ~ ~ / ~ (Seaq r • l$eal) ; Ma y . Veller ~ SiATE OF FLORIDA ~ ~ SS- ~OUtJTY Of St . LllC 1 ~ Befre me personally appeared R ic ha rd E Ve l le r and ~ _ (~'~al"j! Veller his wife, to me well known and known to me to be ~ ~n~ individuals described in and who executed the for oing instrument, and acknowledged before me that they executed the wme for the purposes ~ tnerein expressed. And the said Ma ry B. V@~ler ~ ,•:;fe of the said Richacd F. V@Z1QI , ~pan a separate and private ~.a~n~naKon by me taken separate and apart irom her said h~sband, acknowledged to and before me tnat she executed said instrumem freety and.voluo- >arr,~ and w~thout any compulsion, constraint, appreh nsi or fear of or from her wid husband. ...A:•n:~ 9 ~ WITNESS my hand and offic~al seal this day of ' C e~he r• t ~~2 ~ ' /I"~dri." i~ ~ , - ~ +Notary Gublic in a d fpr the tate'+qF FI¢~ida olt l~pe My Commission eapir~s: ~'ji~( C~-" ~ _ ~ ' Return 70: ~ ~ ~ 1"~J i - ~ ' a - ;1 ' First Federal Savings 8 Loan Aswciation Of Fert P.erce. 1 _ Fort Pierce. F:urida , ' • • = fIlEO AN~ FiECOROED 5?.IUCtE COUMTY fLA. ROGE~, rOltaAS v , - This Instrument Prepared By J. H. Rober t s, Jr . ~~ERK C:RGU~t COURT ~ ~ ~ First Federal Savings 8 Loan Association RESOAO YER+F~E~..~= F; of Fort Pierce, F lor i da OZ l~ ~ p~ 1j ~ i11~ ~;s Checked By ~ 244340 ~ ~ ?1~~~ bG~~2U9 ~~L ~ _ _ - - - - _ ~ ~ ~t~ ~ ~ ~'~'~~-,.>t_~'v..~~. ~ . _ . ._~~%f"t~~;?~