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Home My WebLink About0148 3. To place and continuously keep a+ the 6ui:d~ngs now w I+ereafter ~ituate on sa~d land and on aii equip~nem and per~onaliy covered by ~h~s mwig- age, with all p~emiums thereon pa~d in fuil, fi~e insu~ance in the usual sfandard pol~cy fo~m, in s sum approved by the MOR~vAGEE, a~id winds~orm Ensurance in the usval ~~andard po~~cy fam, in a sum approved by the MORTGAGEE, in such tompany or canpanies as ~he MORTGAGEE may direct; and ali fire and w~ndstorm insurance po~icies on ~ny of said build~ngs, any interesf the~ein or parf Ihe~eof, in ~he aggrega~e sum afaesaid or in excess ~hereof, ~hall contain the usual standard mortgagee clauu a such other clauss Ihe Mat9agce may requ~re, maAing the ioss under sa~d po~i- :ies, each and every, payable ro said MORTGAGEE as ~ts interest may appear, and each ar+d every such policy shall be p~omptty ass.gned a~~d det~~er~d ro eny he:d by said ti10RTGAGEE as furthe~ security lo said matgage debt, and, not leu than ~en (10) days in advance o( the expirat~on of each potKy, to da- I~ver to sa~d MORiGAGEE a rer?ewai thereof, iogether with s receipt for the premium of such renewal; and there shall tx no f~re o~ windsto~~n i~surance placed on any of said buildi~gs. ~ny interest therein w part the~eof, unless in the form ~nd with the loss paYable sa aforesaid; and in the event any sum of money becoma~ payable under s~ch policy w polrc~es taid MORTGAGEE shall have ths option to receive and apply the same on accounl of the indeb~rd- ness secured hereby w to permit said MORTGAGORS to receive and uu it or any part +hereoi fw other pu~poses, .•.~~ho~t ~h~+col ..•ai~~ng er ~~,~p.,~.- ing any equ~ty, Uen a right under w by virtue of ~his mo: spage; and in the event ta~d MORT6AGORS shall (o~ any ~eawn tait to keep ~he said prem~sas so insvred, or tail to deliver promptty any of said policies of insurarxe to said MORTGAGEE, o~ fail promptly to pay fully any pre++iium fherefor or in any respect fail to perfwm, discharge, execute, effeU, complete, comply with and abide by this tovenant, or any pan hzreof, sa~d MGRTGAGEE may place and , pay for such insurance w any part thereof witF~out waiviny w afiecsing ~ny option, tien, equity, or right under w by virtue of Ihis Mortgage, and the f.,11 amount of each and every such paymeM shall be immed~ately d~re and {~ayabis snd ahall bear inte~es~ irom ~ha date thereot umil paid at the rate ol n~ne per cemum per annum and to~ether with such imerest shall be secured by the lien of this mortgage. 1. To permit, commit w s~ffer no waste, impai~ment or deterioration of said proptrry or any part thereof. 5. To pay all and sinyular the coats, charget and expenus, in<Iudieg a reasonable attwney i fee a~d costs of abstracts of title, incurred w pa~d at any time by said MORTGAGEE, because or in the event of the failure on the psrf of the said MORTGAGOR to duly, promptly and fu~ly perfo~m, d~scharge. execute, e((ed, complete, comply w~fh and abide by each and every the stipulstio~s, agreements, zondifions, and covenan~s of said promissory note and ~his mortgage any or either, and sa~d coats, charges and expenses, euh and every, shall be immedia~ely due and payab!e; whe~her or not thr:e be nor~ce de mand, attempt to collect or suit pend~ng; and the full amouM of each and every s~ch payment shall bcar interes~ from ~he date thereof until paid a1 ~he r.;te of nine per tentum per annu~+; and all said tosts, tharges and expenses inturred or pa~d, together w+th suth interast, shall be secu~ed by the lien of th~f mortgage. 6. That (a) in the event of any breach of this Mortgsge or default on the part of the MORTGAGOR, o. ;b) in the event any of sa:d sums of money ~ t,ere7n referred to be ~ot promptly and iulty paid within thirty (30) days r+ext after the same severally become due and payab!e, without demand o. no~ice, or (c) in the event each and every 1he stipulations, agreemenfs, conditions and cove~anfs of sa;d prom~swry note and th:s mertpage any or either are not i~fy, promptly and iully perfwmed, d~sc~arged, executed, effected, completed, compl~ed w~th and ab~ded 5y, then in e~~her or any such event the sa~d ag ~~egate sum mentioned in said promisswy note then remaining unpaid, with inruest accrued, and a11 moneys secured hereby, shall become due and pay- ah;e ferthwith, or thereafter, at the optia? of said MORTGAGEE, as (ully and completely as if all of the said sums of money were or~ginatly st~putated ro be pa~d on such day, anything in sa:d prom~ssory note or in thia Mortgaye to the contrary notwithstand~ng; and thereupon w fhereaftcr st the op~~on of sa~d MORiGAGEE, without notice or demand, suit at law a in equity, tF~erefore ot thereafter begun, may be prosecuted as if all moneys secured hereby nad maWred ptiw to ~ts institution. ~ 7. That in the event that at the beginnirg of or at any time pending any suit upon this Mort9age, or to foreclose it, or to reform it, or to enforce payment of sny tlaims hereurtder, satd MORTGAGEE shall apply ro the Court having jurisd~ction thereof for th~ appo~ntment of a Receiver, such Court shall Forthw~th appoint a receiver of said mortgaged pto(xrty all and singular, includ~ng all and singutu the income, prof~ts, issues and revenues from whateve? seurce derivrd, each and every of whicfi, it being expressly unders~ood, ia hereby mortgaged as if speufically set fwth and deunbed in ~he graming and hatxndum clavses hereof, and such Receiver shall have all the broad and effective funcnons and powers in anywise entrusted by a Court to a Receiver, and s:ch appointment shall be made by such Court as an admitted equiry and a matter of abwlute ~ight to said MORTGAGEE, and without roference to the adequacy or inadequacy of the value of the property mortgaged or to the soivency w insolvency of said MORTGAGOR or ihe defendants, and that such ' re~fs, profits, income, issues and revenues shall be applied by such Receiver according to the lien or equity of said MORTGAGEE and the practice of such ? 3 ~OUft. _ d 8. To duty, promptly and fvlly perform, discharge, execute, effect, complete, comply with and abide by each and every the st~pulations, agreements, ~ conditions and covenants in sa~d promiasory no?e and this mortgage set forth. 9. That in the event the owrKrship of the mortgaged premises, o? any part thereof, becomes vested in a penon other than the MORTGAGOR, the !.:JRiGAGEE, its successors and assigns, may, without notice !o the MORiGAOR, deal with such succeasor or s~ccessor in interest with reiere~ce to this mortgage and the debt hereby secured in the same manner as w~th Mortgagor without in any way vitiating or discharging the Mortgagors' liability herr ~nder w upw~ the debt hereby secvred. No sale of the Fremises hereby mortgaged and no forbearance o~ the part of the MOR7GAGEE or its succeswrs or assfgns and no eatens~on oi the time fw the payment of the debt hereby secured given by the MORTGAGEE or its successws w ass:gns, ahall operate ro re!ease, d.scharge, modify change or afEect the wigMal liabiiity of the MORTGAGOR herein, either in whole or in part. 10. It is speNfically ag.eed that time i: of the e:xnce of this contract and that no waiver of any obligaf%on hereunder w of the obligation se- :ured hereby shall at any time thereafter be hald to be a waiver of the terma hereof w ot the instrument secured herby. 11. In additio~ to the fwego:ng monthly payments of princ pal and interest requ~red by the prom~sscry no!e sec~red hereby, mortgagor covenants ~^d agrees to pay to mo:tgagee with each monthly payment an add~rional sum est~mated by mortgagee to be equal to 1 j 12 of the annual cost of the follow- ~,,g: A-All real property taxes levied or assessed against the above described real estate. i B-Pren:~urns on ihe and windstorm insurance as he~e~n requ~red ro be carried on the improvements situate on the above described premises. ~ C-Premiums on 5uch mortgage guaranty insurzr~ce as mortgagee sha11 from t~me to t~me deem fit to carry on the loan secured he~eby. Mortgagee shail from time to time notify matgagor in writi~g of the amount due and payable hereunder a~d such surn shall thereupon be due and ~ c~vable on the due date of the next montnly payment and each successive month thereafter ur,til mwtgagee shall notify mortgagor of a change in such ~=~ount. Such sums sF.al1 be applied by mortgagee toward the payment of real property taxes, insurance prem.ums, a~x) matgage guaranty insurance ~ c~-emiums. ~ IN ~VITNESS INHfREOf, the said MORTGAGOR has hereunto set his har.d and seal the day and year fira ?ewidi i Signed, Sealed and delivered ' the presence of: ~ _ _ ~ ` ' Seaq ~ ~ J C. Tennant t~an ~ J ~ (Seaq € ~ ~ n i5ea1) ~ Si:1TE OF FLORIDA ~ ~ Luc ie COUNTY OF St • I & ~ Befwe me personally appeared Tes'tnar,~ ar.ti ~ Mar S. Tennant ~ ~ his wife, to me well known and known to me to be ~ rhe individuals described i~ and who executed the fwegang inslrument, and acknowledged before me that they executed the same for the purposes ~ rherein exp.essed. And the said M?YY S. Tennant ~ N;fe of the said John C. Tennant a sepa.ate s~d privste = ,.~m~nat~on by me taken separete and apart from her said husband, atknowledgcd to and before me that she exetuted said instrumeot freely and volu:?- raniy and witho~t any compufsion, constreim, appre~ ~s~on or fear of w from Fxr said husbsnd. ~ WITNESS my hand and offiua! seal this ~~:J ~ day J~u~ A. 0. 73 ~ ~ • _ s ' tary Publit in and for the State o lorids e~ yr r.;'~~.r; ` y Commission expires: L1~ ' Retum To: / y : . .;~'Gr~y- ~ . ~ . ~ "r / ii ; Firsf Federal Savings 3 Loan Assotiat~on Y ~ or Fo.r P~e~ce. NOTARY PUS~ ir, SrnTE of FLORtDA-~pR~ Fort P~erce, Flo.ida 245816 MY COM411SS;p;1 EXF~P.LS A " ~ 1 _ BorMed Thru Ge~eral Insurance UoE~ j`{~S ~ / • ~~e~~ ' ~ ~ ~ }y-7S ' F • This Instrument Prepared By D. F. Holetget . ° First Federal Savings 8 Loan ~4ssociation flLfO ~k~ 4ECOROEO ' ~ af Fort Pierce, FloZida ST~ROGE ~~~NTrF~~. < " ~ 7RAS CIEiiK ;:':~~~T COURT i,~ Checked By ~ RECGR~ y~F :~z.~~ ~ J~ut 16 4 29 PM '73 so~ ~~Q - - ~ ~ ~ ~r ~ - .A-,.?' ' .C 4 $~Y-~','~' Y£ ~_.r~~.__n~~'zP, ~ ~__.~.-~..~t',S .Y+ <<v . . -F:e'e~°'~'E"~