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Home My WebLink About1023 ! ~ 3. To ptace and conrinuousty keep on the !~u'~ld~ngs oow a hereafrer s~twte on said iand and on ail equip~nenl and penonally cove~ed by ~his ma+g~ age, wilh all p~emiums tF.ereon pa~d in full, fire iniurance in ~!x usual standard polity torm, in • sum ~pprovcd by the MORIGAGEE, and winds~orm ~nsurance in tha us~al s~andard pol~cy (an~, in a sum approved by the AtORTGAGEE, in ~uch company or compan~es as the MORTGAGEE may d;rect; ~nd aU fire and w~nds~orm insurance policies o~ any of said build~n~s, any interest therein or pa~l the~eoi, in the aggregare sum ~foresaid or ' in excess ~hereof, ihall contain the usual srandard mortflagee clauss or tuth other c(ause as tM Ma~gagce mey requu~, ms?ing thc loi~ unde? sa~d poli- c~es, each and every, payub~~ !o saFd MORTGAGEE as ~~s inte~pst may ap~xar, and each and ev~~y svch policy thall be promptty a~s gned and de~ivrred +o any held by sa~d MORTGAGEE ~s fu~~her security to s~id mw~gags debt, and, not leu tMn ten (10) days i~ advance of the expirat~on of each policy, to de- ~~ve~ to uid MORTGAGEE a renewal ttureof, toger'~e~ wirA a receipt for the p~emium of such renewal; and the~e shall be no f~re o~ wi~dstor~n in~ura~ce placed on •ny of s~id buildings, any inte~cst therein a par~ thereoi, unleu in the form and with tht lou payable as aforesaid; and in the event any s~m of rrwney becem~y payable under such policy w pol~cies iaid MORTGAGEE shalt have ths opt~on to receive and apply the wme on accoun? oi ~he indebted- ness secwed he+eby w~o perm;t sa~d MORTGAGORS to receire and use i~ a any part theraot for mher pu~poses, w~~hout th~~tu~ ~a~~~,:~ cr ~mpair ing a~y equ~ty, litn w righl u~der or by virtue of this ma•gage; and in tM event sa~d MORTGAGORS shall fa any reawn taii to keep the said prem~sos so insured, a fait ro deliver prompity any of said policies of insuronce to ia+d MORTGAGEE, w fa~l promptly to pay fulty any pre~+~:um ~heretor ar in any respect iail 1o peri«m, dtscha~ge, exccute, effec?, complete, comply with and abide by this cove~~nt, or any part hereof, said MGRiG"~" may place and pay fw iuch in~urance o~ a~y part thereof wiihout w~iving a ~ffecting any opt~on, lien, equiry, a right unde~ a by v',rtue of ~his Morfgage, and the ~vll amount o( each and every such payment shatl be immediately dve and p+yable and shall bear i~terest from tha date the~eof until pa~d at the ra~e ol n~ne pc? centum per annum and to~ether with such interest shali be secured by the lien of this mortgage. 1. To permit, commit w suffe~ no waste, impairment w de~erioration of said p~operty ot any part thereof. S. To pay a!I and singular the costs, cFwrges ~nd expenses, including a reasonab~e atro~ney i fee and costs of abstracts of tiile, incurred o? pa~d a~ iime by said MORTGAGEE, because or in the evem of the failure on thc part of the said MORTGAGOR to duly, promptly and fully perform, d~scharge, execute, effect, complete, cwnply with rnd abtde by each and every the atipulaiions, ag~Kments, cw~ditiona, ~nd covenartn of said promissory nole and thi~ mortgage any or dther, and sa~d cosrs, charges and expenses, each and eve~y, shall be immediately due and payable; wheNwr or not there be notice dr mand, attemNi to collect or suit pend~ng; and the full amount of each and evcry such payment shall bear ;nteres~ from the date thereof until paid at the of nine per centum per annum; and ail said costs, charges and expenses incurred a paid, together w~th such intereat, shail be tecured by the iien of th~i mortyage. ~ 6. Tha~ (s) in the svent of any breach of this Mortgage w default on the part of the MORTGAGOR, w(b) in the event any of sa:d sums of money he~ein referred to be no1 p+ompHy and fully psid within ~hirty (30) days ntxf after the same se~era!!y become due and payable, without demand or notite, or {c) in the event each and every the stipulations, agreements, conditions and covenants of sa:d promissory note and th~s mortgage any a e~tner are not iuty, promptly and fulfy pe~formed, d~scharged, executed, e(fecred, completed, compi~ed with and ab~ded 5y, then in e;tl~er or any such avent the said ag g~egare sum menrioned in said p~omisw~y rtote then remainiry~ unpaid, with interes~ accrued. and all moneys secured he~eby, shall become dva and pay- abie forthwith, w thereaiter, at the opt~on of sa~d MORTGAGEE, as fully and complefely as if all of the said sums o( money were w~ginally st~putated io be pa~d on such day, anyt6iny in ss:d prom~sswy note w in this Martgage to the cont.ary norwiehs~andiry; and thereupon or thereaiter at the opGon of said MORTGAGEE, without notice w demand, suit at law or in equity, therefore or tAereafter begun, may be prosecvted as if sll mw~eys secured hereby n;d rtiatured pno? to its institution. 7. That in the event that at the beginn~ng of or ~t any t~me pe~dirg any suit upon this Mortgage, a to fo?eclou it, or to reform it, or to enforce payment of any cla~ms hereunder, said MORTGAGEE shall apply to the Gourt having jurisd~aion thereot fw ~he appointment of a Receiver, such Court shall Fo~thwith appoint a receiver of said mortgsged property all and singviar, includ~rg all and singular the income, profits, iuues and revenues from whatever so~rce derived, each snd every of wh~ch, if be;ng exp~ealy understood, is hereby mortgaged as if speutically set forth and described in the granfing and habendum clauses F+ereof, and such Receiver :hall have sil the b~oad snd effective funcl~ons and powers in anyw~se envusted by a Court to a Receive~, and s. ch appointment shall be made by svch Coa~t as an admitted equity and a matfer of absolute r~9ht to sa;d MORTGAGEE, and withovt reference to the adequaq w inadequacy of the value of the properry mortgaged or to the solvency or insolvency of sa~d MORiGAGOR w the defendants, and that such ren~s, profits, income, iuues and revenues shalf be appiied by such Receiver according to the lien or eqvity of said MORTGAGEE and the p~actice of such Court. 8. To duly, promptly and fully perform, discharge, execute, effect, comple~e, comply with and abide by each and every the stiputatio~s, agreements, conditions and covenan~s ~n sa~d p.omissory r+ore and ~his mortgage set forth. 9. That in the event the ownership of the mortgaged premises, w any part tF~ereof, becemes vested in a person other than fhe MORTGAGOR, the '1!ORTGAGEE, its successws and ass~gns, may, without notice to the MORTGAOR, deal with such successw o~ successor in interest with reference to this rr,ortgage and the debt hereby secured in the same manner as with Mortgago~ w~thout in any way vitialing or distharging the Mortgagors' liability here- ur.der pr upon the debt hereby secured. IYo aale of ~he premises hereby mo~tgaged and no iorbearance on the par~ of the /IIORIGAGEE or itt successors or assigns and no extension of the t~me fw the payment of the debt hereby secured given by the MORTGAGEE or its successors or assigns, ahall operate to release, d~scharge, modify charge or affect the original liability of the MORTGAGOR herein, either in whoie w in part. 10_ h is speufically agreed that time is of the essence of ~his contract and thae no waiver of any obl~gat~on hereunde? or of the obligatan se- cured hereby shalf at any time the?eafter be he:d to be a waiver of the terms hereof w of the instr~menl secured herby. 11. In add.tio~ to the forego:ng mo~thly payments of princ pal and interest requ~red by the promissory nore secured hereby, mortgagor covenants ~nd agrees to pay to mo:tgagee with each monthly payment an add~rional sum esnma~ed by mortgagee to be equal to 1/12 of tne annual cost of the follow- "'q: A-All real p~operty taxes levied or assessed against the above described real estate. B-Premiums on fire and windstorm insurar.ce as here~n requ:red to be carried on the improveme~ts sit~ate on the above described premises. C-Premiums on such mortgage guaranty insurar,ce as mortgagee shail from t:me to time deem fit to carry on the loan secured hereby. Mortgagee shall from time tQ time notify mortgagor in writing of the amount due and payable hereunder and such surn shall thereupon be due and F.ayab~e on the doe date of the next monthiy payment and each success~ve month thereafter ureil mortgagee shall notify mortgagor of a change in wch a~~,ount. 5uch sums shaif be apptied 6y morrgagee ~oward the payment of reai property tases, insurance prem;ums, a~~d mwtgage gua~anty insurance p~emiums. IN Y~ITNESS V4HEREOF, the said MORTGAGOR has hereunto set his hand and seat the day and year first afwesaid_ - 5' .^.rd; Sealed and delivered i~ the prese~rce of: I~O'~+'t0~ //i ~ ,~a~ ?homas N Za s cseai) - - o.C~--l.e~.~ .3 - ~.c ts~aq Dolores B. Za es cs~aq ' STASE OF FLORIDA ~ St. Lucie j COUNTY OF ~ ; Before me personally appeared Thomas N Zad 5 a~ ~ Dolores B. 2ades his wi(e, to me wett known a~d known to me to be the individuaJs descr+bed in and who executed the fw ai eg ng instrument, and acknowledged beforc me that they exec~ted the same iw the purposes therein expressed. And the said ~ZOZQS B. Zd~S f ,~vife of the said O a upo~ a separate and private F ~ exam~nat~on by me taken separate and apart from her said husba~d, scknowledged to a~d txfo~e rtK that she executed said instrument free(y and votvn- rarily and w+rhout any compulsion, constraint, epprehension, o~ftar of p from her said husband. j WIINESS my hand and offiual seal~i ` ~ day of nuar q. D. 19 7~ , 64 : Notary Pubti an for t State of florida at large FILED AMD RECOROEO ~ My Commi ' expires: ~6 / p) S' Ret~m ro: St. IUCIE COUNTY FL~. C` ~ ? First Federal Savings b loan Associat~~CEn ~G+TRAS ~ Of Fo~t P~erce. CLERK C'F.CUIT COURT ¢ - Fort P~erce. Fiorida RECOR3 YEF+'ItQ ""''r~,, , "~'~'~t.' . . ~ . . J~ ~~I 3 29 PM'l3r'.:-~.:'~ ~ ` ~ . ~ - : This Instrument Pre red B c ~ } ~ - - Pa Y Wm. E. Bt~~~ ~ first Federal Savings & Loan Associafion • ; •E~:• - - ~ of Fort Pierce, F1oZida d ~ ~ = J c. 1~- ~ : 4~ _ Checked By ~ C' . ~,t ! y , i% . i dz - - - - - _ ~ ~ _ _ ~ , . - . _a<,-