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Home My WebLink About0146 3. To ptace and continuously keep on ~he buildings now a hereafter ~ituate on said land a~tid on all equip~neM and personally covered by this mwtg- ege, with all premiu~ns thareoo pa~d in tull, (ire insurance ~n the usual standard po~icy form, in ~ sum approved by the MORfGAGEE, ~~d wind~torm ~nsurance in ths usual standa.d pol~cy form, in • ~um spprovcd by the MORTGAGEE, i~ such co+npany or compan~ef si the MORTGAGEE may d~rec , and all (ire and winds~orm insurence po~~cies on ~~y of said buiid~ngi, •ny inta~est therein or pa~1 thereof, in ih~ ~99reg~~t ~um ~faes+~d or in eacess thereof, shall contain ~he uiual slandard mwtyagee clauu o~ such o~Fwr dauie as the Mo~tgagee may requ~rs, makinp ihe Io?s under sa~d po~i- c~es, eath and eve~y, payab~e 1o said MORTGAGEE as ib interrst may ~ppear, and e~th and evc~y such poncy ihall be promptly ais.gned a~d deliverrd ~o any held by sa~d MORfGAGEE as furthe~ secu~ity to said mortgsge drbt, and, not less ~han ten (10) dsys in advance of the expi~d~on of each pol~cy, to da I~~er to uid MORTGAGEE a ~cnewal thereof, toye~her with a rece~pt fa the prem~um of ~uch renewal; and there shall be no f~re o~ windsto~~n ins~rance placed on any ~f sa:d bu::~i:e~s, any intcrest there~~ w pa~~ thereoi, unleu in the form and with ~he ~oss paYable ai aforesaid; and in the evenl any sum of money becomes payable under auch potiq o~ pol~cies iaid MORTGAGEE shall have ~he option ~o receive and apply the same on account of the i~deb~ed- ness ~ecured hereby w to prrmit said MORiGAGORS to reteive and u~e it q any par~ thereof ior otner purposes, v.iiho~t th~i~or wa~v~~~3 or ~~np~~~- ~ng any equ~ty. I~e~ o~ right unde~ a by virtue o~ this mor!gage; and in the event iaid MORTGAGORS shall fw any reason fail to keep the said prem~srs so ~nsured, or fail to deliver promptly any of said policies of insu~ance to sa~d MORiGAGEE, w fail promptly to pay fully any pre~nium therefo~ o~ in a~y respect fail to pe~fwm, d~scharge, eYecute, effact, complete, tomply with and abide by this cove~an~, a any part hereot, sa~d MORTGAGEE may place a~~d pay iw such inswante ot any pa~t thereof withoul waiving w affetrinp any optio~. Uen. eq~~~Y. o? righl undzr w by virtue of this Mo~tgage, and the f~ll amount of each and every ~uch payment shall be irruncdiately due snd payable and ihall be+r interest from the date lhueof until pa~d a~ the raie ol ~ n~ne per centum pe~ annu~n and to~ether with such in~eres~ shall be secu~ed by the lien of thi~ matgage. To permit, commit or suffer no wsste, impairme~t a deterioratia~ of ssid property w any psrt thereof. S. To pay all and singular the costs, charges and expenses, induding a reasonable attwney's fee and costs of absiracts of title, incurred or paid a~ eny tim.e by wid MORTGAGfE, beta~se w in the event of the failure on tlx pan of the said MORiGAGOR to duly, p~omptly fa~~~y ~~fam, d~scharge, execute, efie~L con,pteta, comp~y with and rbide by each and every the stipulat~wu, sgreements, conditions, and covenants of said promiswry note and thii n,err9age any or e~the?, and uid costs, charqes and expenses, each and every, sMll be immediately due and payable; whether w not there be notice dr n,and, attempt to collett or suit pending; and the fufl amount of each and every such payment shall bea. interes~ from the date thercof until paid at the r,;re of nine per crntum per an~ium; and all uid costs, charges and expenses inturred p paid, logether w~fh tuch interest, shall be secured by the lien of this mW 19a99. 6. That (a) in the event of any kxesch of this Mwtgage w default on the part of the MORTGAGOR, a(b) in the event any of sa~d sums of money herein rcferred to be not promptly and fully paid wi~hin thtrty (30) dsys nex~ afier the same severaily become due and payable, without demand or r.otice. cr (c) in the event each and every ttx stipu'.ations, agreemcnts, condirions and covenanfs of sa:d promissory note and th~s mortgage any w eirher are not i„ly, promptly ar+d iully performed, d~scharged, executed, effected, completed, compl~ed wi~h and abided '~y, then in e~~her w any such event the sa~d ag gregare sum mentioned in said promisswy note lhen remaining unpaid, with interest accrued, and all moneys secured hereby, shall become due and pay ab!e forthwith, a thereafter, at the opt~on of said MORTGAGEE, as tully and completely as if all of ~he said sums of money were a~ginally st~pulated to be pa~d on such day, anything in sald promisswy note o~ i~ this Matgage ro the cootrary notwithstanding; and thereupon or thereafter at the option of sa:d MORTGAGEE, without norice or demand, suit at law or in equity, ther~fore a thereafte? begun, may be prosecuied as if all moneys secured hereby _.~.1 ~ ev m dS inStitUhOn. 7. That in the event that at the beginoiny ui iu ai arsy *3-: ~_-a~.:y a~ vr=.. ±ti~s !~l~arfgage, a ro forecbse it, o+ to refwm it, or to enforce payment of any tlaims hereunder, said MORTGAGEE shall apply to Ihe Court having jurisd~ction thereof for the appointment of a Receiver, such Court shall iorrhwith appoint a receiver of said mortgaged property all and singular, irxlvd~ng all and singular the income, prof~ts, issues and revenues from whatever sou~ce derived, each and every af which, it being expressly understood, is hereby mortgaged as if specifically set forth and described in the granting and habendum clauses hereof, and such Receiver shatl have all the broad and eifective funct~ons and powas i~ anyw~se entrusted by a Court to a Receiver, and s_ch appointment shall be made by such Court as an admitted equity and a mattet of absolute r~ghl to said MORiGAGfE, and without reference to the a a:iequacy o~ inadequacy of the vatue of the property mortgaged or to tF?e sobency w insolvency of said MORTGAGOR or the defendants, and that such re~!s, p~oiits, income, iuues and revenues shall be appiied hy such Reteiver accord~ng to the tien or equity of wid MORTGAGEE and the practice of such ' COUf1. Y 8. To duly, pramptly and fut0y perfwm, discharge, execute, effed, comp~ete, comp~y with and abide by each and e~ery the stipulations, agreements, _ conditans and covenanrs in sa~d promissay note snd this mortgage set fw~h_ ~ i 9. That in the event the ownerahip of the mortgsged premius, w any part thereof, txcomcs vested in a person other than the MORTGAGOR, the z :'.ORTGAGEE, its successors and assigns, may, without notice to the MORTGAOR, deaf with such successw a successo~ i~ iroerest with reference to this ~ roo•+ a e and the debf hereb setured in the ssme manntr as with Nbrt a or without in an wa vitiati or d~scha: ~n the Mort a ors' liabild htro- 2 99 Y 99 Y Y ^9 9~ 9 99 Y ~nder or upon the debt hereby secured. No ssle of 1FK premises hereby mortgaged and no fwbeara~ce on the part of the MORiGAGEE w its successors o• assigns and no eatens7on of the timr for the psyment of the debt hereby secured given by ~he MORTGAGEE or its successws or assigns, a~iall operate !o ~efease, discharge, modify change or affecf the original liability of the MOR~GAGOR herein, eifher in whole or in part. 10. It is specifically agreed that time is of the essence of this contract and Ihat no waiver of any obligation hereunder or of the obligation sr cu-ed hereby shatl ar any time thereafter be held to be a waiver of 1he te~ms hereof a of the instrument secured herby_ 11. In add~tio~ to the forego:ng monthly payments of princ'pal and inreresr required by the prom~ssory note xcured hereby, mortgagor covena~ts a~d agrees to pay to martgagee with each monthiy payrnem an add~~ional sum est~mated by mortgagee to be equal to 1% 12 of the an~ual tost of the follow- A-All real property taaes lev~ed or assessed against the above described real estate. B-Premiums on fire and windstorm insurance as here~n requ~red to be carried o~ the improvemeats situate ort the above described premises. C-Premi~ms on such mortgage guaranty :r.surance as mortgagee shail from time to !ime deem fit to carry on the ban secured hereby. Mortgagee shall from time to time notify mortgagor in writing of ihe amount due and payable hereunder and suth sum shail thereupon be due and ::,abte on the due date of the ne,et monthly payment and each successive month thereafter urtil mortgagee shall notify mortgagor oi a change in such ~.ovnt. Such wms sFail be applied by motigagze toward the payment of real property taxes, i~surante prem:ums, a'~)d mortgage guaranty insurance cre~niumi. / IN Y~tTNE55 WHEREOf, the said MORTGAGOR has hereunto set his hand and seal the day and year ' aid. ' ~ Signed, Sealed and delivered i~n the prexnce of: ~ ' ~ GLt a4 ~ ° ~ Jo C . Tennant ~,q F - ~ ' (Sesq ~ a lSeaQ ~ Mary . Tennant : STATE OF FLORIDA ~ 3 ~ ~ CJUNTY OP St . Luc ie ~ Befwe me perwnally appeared John C. Tennant and ~ h~d~}7 Tennant his wife, to me well krwwn and known to me to be ~ the individuals desu~bed in and wFw executed the foregoing instr~ment, and acknowledged before me that they executed the same for the purposes ~ rherein expressed. And the said ~rY S. Tenna'nt r..fe of the sa7d - _ 7ehr1 C Tpnngnt upon a sepsrare and private ~ e.aminat~on by me taken separate and apart from her said husband, acknowledged to and before me that she executed uid instrument freely and volurr k ra~,ly and w~thous any compulsion, constraint, apprehension, w fear of or from he( said husband. ' ~ 15th anuary p. ~ ~ WITNESS my hand and offiual seal thiL day of ~ ~ ~ ` ~ 4 ; 'Notary Public in and for the Sta of ~Iph rbe a ~ nify C.ommissivn expires: • r~:•....•-. `t~~ ~ Retum To: ' '-~~p : ~ r'~ ~ ~ r ~ ~ E ~ First Federal Savings b loan Association ~~l~Q~s Nt~TA.P.Y PU9:lf,. STfi~ A~ FL~.LR,~u~.~.- - 1 9r: ~ Of Fort P~erce. Z , ~Xt lp~:; e29. P 5: . ~ fort P~erce. Florida MY G~'.:'~S _S . ~ ~ - i~ru Gear~-ai :r._~ao~e Ctr+~ets~' ' = r~~ . r^ Bondrd - ~ - ~ . ~ ~ - ~ ~ f.~,•' - C - fllE~ Ayp RECORDEO y ,y~ ~ ~ it. LUCIE COUNTY F~A. ~ = This Instrument Prepared By D. F . Holezger aOCEF ~pITRAS ~ ' ~ ` ~ ~ First Federal Savings & Loan Association IiECOND VEk~rjEp COURT of Fort Pierce , F lor i da ~ J~ f 6 4 29 PM '13 S Checked By ~ - aa~~210 P,~ ~~6 ~ ~ F~. ~ ~ - - ~ ~ ~ ; - ~ ~ ~ ~ ~ ~ „r ~ ~ - • . t.~~~. ' ..~~~._s.._ , f._ ~ _