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Home My WebLink About0467 To place and cont~nuously kaep on the bul'.d~ngs nuH or hereafter utwro on sa~d land and on all equipment and per~onally cove~ed by this mortq~ age, w~th all premlums thereon pa~d fn fuli, fire inwrance in the u~ual sta~dard po~~cy form, in e s~m •pproved by the MORiGAGEE, and w~nds~orm ~nsuroncs in the usual ~iandard pot~cy torm, in a sum approved by ~he MORTGAGEE, in iuch canasny or companles as ~he MORIGAGEE may direc~; and all iire and w~ndstorm insurance pol~cies o~ ~ny of sa~d bv~~d~ngs, ~ny in~erest Iherei~ or part thereof, in the agg~ege~e sum atore~aid a tn excess thereof, shatl contain the usual atandard mor~gaflee clause w such othe~ davfe as Ihe Mortgagee msy rcqu~rs. maAing the loss under sa~d poli- cies, each and every, payable ~o sa~d MORTGAGEE as ~ts interett may apprar, ~nd each and every such poi~cy shall be prompuy ais qned a~~d deGvered ~o •ny held by sa~d MORiGAGEE as (urthrr security w said mwtgage debt, and, not les~ ~hso ten (10) c~sys in advance of the ezp~~a~~on oi each pol~cy, to da livx to said MORTGAGEE a rcnzwal thercof, toge~her with a receipt for ~he premium of such renewal; and there •half be no I~re or w~~~ds~or~n in~~rante p~Ked On any of said build~ngs, any inte~est thetein or part thercof, unleu in iF+e form and wiih tM loss payable as ato~esaid; and in the event any sum of money becomes payable under such policy o~ pol~ues said MORTGAGEE ~hall have the opt~on to tK@~v@ and apply tM same on accoun~ of the indebied- ness secwed hereby u to permit said MORTGAGORS to ~eceive snd us~ it or any part thereof for otner ~:urposes. .v:tho~~ ih;r, ur .vaf+~~,3 0~ ~~~~p.,~r- ing any equ~ty, I+en or r~ght under a by virtue of this mo:tgaqe; and i~ the event taid MORTGAGORS shall for sny reason fail to krep the sa~d premisas so insured, or fail to deliver promptly any of said policies of insurancs to said MORTGAGEE, or fail prompt~y to pay fully any pre~n~~m therefor o~ in a~y re:pect fail fo perfo~m, discharge, ezecute, effect, compiete, comply with and abide by this cove~ant, a any part hzreof, aa~d MORiGAGEE may ptace a~~d pay fa such insurance or any part the~cof without waiving w aifecting any option, lien, equ~ty, or right under w by virtue oi Ihis Mo~tgage, and thc fuil emount of each and every such paymeN fhall be immedi:tely due and payable and shall bear interes~ irom the date thereof unril pa~d at the rate ol rnne per centum per annum and to~ether w~th suth interes! shall be setured by the lien ol Ihii mortgage. 1. To Fermi~, commit or suffer no waste, impairment w deterioratan of said property or any part thereof. 5. To pay atl and singulsr ~he costs, charges snd expenses, including a reasonable attorney's fee and cos~s of abstractt of t~tle, incurred or paid af any time by said MORTGAGfE, because a in ~he event of Ihe fa~lure on the pa~l of the said MORTGAGOR to duly, promptly and tully perform, d~xharge, exrcute, e~fect, comp~ete, comply w~th and ab:de by each end every the stipulat~ons, agreements, conditions, and tovenants o( said promissory note and this mo~rgage any or ei~her, and sa~d costs, charges and expenxs, e~ch and every, shsll be immedutely due and payable; wheiher a not ~here be nor~ce de~ mand, attempt to col{ect w suit pe~ding; and the full amount ot each and r+ery suth paymcnt shall bear interesl from the date thereof until paid at Ihe rate of r.~~e per cen~um pcr ann~m; and all said costs, charges and ex~~ses iocurred or paid, together w~th such in?erest, shall be secured by the I~n oi th[~ mortgage. 6. That (e) in the event of any breach of this Mortgage or default on ~he part of the MORTGAGOR, or (b) in the evenf any of sa~d sums of money herein referred to be not promptly artd fully paid within thirty (30) days next after ~he same severally become due and payable, wi~houl demand or natice, or (c) in the evem each and every the stipulations, a9reements, conditions and covenanfs of sa~d promiawry note and th~s mortgage any w either are nol ~~ly, promptly and iully perfwmed, d~schargec!, execvted, effeaed, completed, compircd w~~h and ab~ded Sy, then in e~ther w any such e~ent the said ag- gregate sum me~tioned in said promissory note then remaining unpaid, with interesl actrued, awd all moneys secured hereby, shall become dve and pay- ab:e fo~thwith, w thereaiter, at the option of said MORTGAGEE, as fully and complere~y as if aIl of the sa~d sums of mo~ey vrere w~g~naily st~p~laied ro be pa~d on such day, anything in sa:d promisswy note or in this Mortgage to the contrary notwithstanding; and ~hereupon or thereaf?er at the opt~on of sa~d MORTGAGEE, vvithout norice or demand, suit at law or in equity, thereiwe or thereafTer begun, may be proxcvted as if all moneys secured hereby had maWred pnot lo its inslifufion. . . . . 7. That in the event that at the beginning of o+ at any time pending any suit upan this Mortgage, a to fweclose it, or to reform it, or to enforce payment of any_ claims hereunder, said MORTGAGEE shall apply to the Court having jur~adittion thereOf for the appointment of a Receiver, such Court ahall Forthw~th appoint a receiver of said mo.tgaged property all and singular, includ~ng all and singutar ~he income, p.o(~ts, issues and ~evenues from whatever source derived, each and every of which, it be~ng expressly understood, is hereby mongaged as if spec~ficalty set forth and described in the gran+ing a~d habendum clauses hereof, and such Receiver shall have all the b.oad and effective funct~ons and powers in anyw~se entrusted by a Cour~ to a Rece~ver, and s~ch appoinrment shall be made by such Court as an admitted equity and a matter of absolute right to said MORTGAGEE, and witho~t reference to the adequacy or inadequacy o! the ~elve of the property mortgaged or to the so~vency or insolvency oi said MORiGAGOR or the defendants, a~d that such renfs, protits, income, issues and revenues shall be applied by such Recriver accord~ng to the lien or equity of said MORTGAGEE end the prauice of such Court. 8. To duly, prompt:y and fully perform, discharge, execute, effect, compfNe, ca~nply with and sbide by each and every the st~pulations, agreements, cortdit'ans and covensnts in said promisswy nose and this mortgage set fwth. 9. That in the event the ownenh~p of the mortgagrd premises, w any pa?! thereof, becornes vesfed in a person other than the MORTGAGOR, the M.ORTGAGEE, its succeuors and assigns, may, wirhovf notice to the MORTGAOR, deat wi~h such successw w successor in interest w~~h reference to thii n:o~fgage and the debf hereby secured in the same manner as with Mo:tgagor without in sny way vitiating w dixharging the Morrgegors' liabi~ity here under w upon the debt hereby secured. No sale of the prem~ses hereby mo~tgaged and no (orbearance on the part of the MORiGAGEE or its successors or assigns and no exrension of the time for the payment of the debt hereby secured given by the MORTGAvEE or its successors u assi9ns, ahall operate ro release, d~scharge, mod~fy change a affect the orig~nal liab~l~ty of ~he MIORTGAGOR herein, either in whole a in part. 10. It is speclfically agreed that t~me is of the esxnce of this contract and that no waiver of any obl~gat~on hereunder w of the obligatan se- cvred hereby shati at any time thereafter be held to be a waiver of the terms F~ereof or of the instrument setured herby. 11. In add~tion to the forego:ng monthly payments of princ'pal and interes? re~u~red by the prom;ssory note secured hereby, mortgagor covenants and agreea to pay to mortgagee with each monih!y payment an add~iional sum est~mated by mortgagee to be equal to 1 f12 of the annvat cost of the follow- ing: A-All reaf property taxes levie3 or assessed agai~st the above descri5ed real estate. ! B-Prem~~~r.s on fire and windstorm insurance as herein requ:red fo be carried on the improvemeats situate on the aboye described premises. ~ C-Pre~niu~ns on such mortgage guaranty insurar~ce as mortgagee shatl from t~me to time deem fit to carry on the loart secured ha:eby. i f Mo~tgagee shail from time to time notify mortgago~ in writing of the amount due and payable hereunder and such sum shall thereupo~ be due and ~ ; avable on the due date of the nexr month!y payment and each successive month thereaiter ur.til rr.ortgagee shal~ not;fy mortgagor of a change in such ~~.ount. Such wms sha':I be applied by mortgagee toward the paymeoZ of real property ta:es, insurance prem:ums, and mortgage gua~anty insurance premiums. ~ IN ~'JITNESS WHEREOf, the sa~d MORTGAGOR has hereunto set his hand and seal the day and r'rst sforesaid. Signed, Sealed and delive ed in the presence of: i € a ! ~ ~ ~ (SeaQ ~ aq ~ ~~a~~ ~ STA7E Of FLORIDA ~ Cu^UNiY OF St• L11C~9 ~ ~ ~ Before me personally appeared Nilliam Earl Bratm snd ~ Ci82'O~1 JN1e ~'SUI1 his wife, to me well known and k~ovvn to me to be ~ rhe individuals desuibed in and who executed the fore~oing instrument, and scknowledged before mt that they executed she same fw the purposes ~ iherein expressed. And the said Cg~~ J~d ~Sl~l ~ ,Nife of the sa;a _ Killia~ Earl Braun upon a separate and private ~ e.am~nat~on by me take~ separate and apart from her said husband, acknowledged to and before me that she executed said instrument freely and voluo- ~ ra•~ty and without any compuision, const~aint, apprehension,~-fear uf w from her said husband. ~ WITNESS my hand and official seal this_ day of J~uB A. D. 19 ? - = Notary Pub' n and th State of Flwida at large My Commi on expires: ~-y G~ ~ J~J~ Return To: . ~ First Federal Savings 3 loan Associat:on ' - . Of Fcrt P erce. . 'a Fort P~erce, itor~da S~ Lu~,E D RECORDEO . ~ , ' - ' ROCER p~UMiY FLA. - ~ ~ ~ . CLERK OttR~s l ~~~l," ' - - : RFCORO VE ~?FIEp ~OURt = This Instrument Prepared By 1'ti01b33 A. D2'1sCOu.% ` ~ First Federal Savings 8 :~an Association _~`.a.'~~ . ' • of Fort Pierce~ F102'id8 ~ ~ <<<_- 19 1136 PN'13 ~ . - _ . ~ v~~~: . 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