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Home My WebLink About1321 3. To place and cont~nuausly keep on the build~ngs now a he~eaf~e~ s~tual~ on ia~d I~nd and on alt cqu~p~nent and personally covered by this mw~g- sge, w~th al! p~emiums ~hereon pa~d in full, lire insurance in ths usual standard policy form, i~ ~ sum ~pproved by the MORiGAGEE, and w~ndstorm insurance in the usual srsndard pol,cy form, in a sum approved by the MORTGAGEE, in iuch company or companies as the MORlGAGEE m~y d~rec~; and all fire and windstorm insurance poiitics on ~ny o/ said buildinqs, any inle~e~t there;n a ps?t thereof, in ~he ~ggrega~e sum aforesa~d w in excess thereof, shall contai~ the uswl atandard mongagee clause w such o~hsr tlause /M Matyage~ may requ~~~, ma?inp the Ioss undrr sa~d poli- c~es, each and every, payable to said MORTGAGEE as ~~i in?ere~t may appear, and each and every such policy shall ba prompely ass qned and dea~yered ~o sny held by said MORTGAGEE as furtF~rr security to said matgage debt, and, not leu than te~ {101 dayi in advance ot the exp~raNon of each pol~cy, to de- 11ver to uid MORTGAGEE a renewal thereof, toge~her with a receipt fa the premivm of such renewal; and there shall be no f~re or winds~o+~n insurance pfaced on any of said bviidings, any in/ersst fherein or part thereof, unlas~ irt the fo~m and wifh ths loss payable as afores~id; and in 1he evenf any sum of money b~cpme~ payable unde? suth polity a poGcies iaid MORTGAGEE shall have ~he option 1o receive and apply the un,e pn account o( the indebted nesa secured hereby w ro permit aaid MpRTGAGORS to ~eceive and us~ it w any pa~~ ~hereof for o~ner purposes, w~~ho~f ~h..,b~ .va~.1.~~ ,~,~a„~r- in3 any equ~ty, lien w r~gh~ ur+dcr or by virtw of this mor!9ag~; and in the eve~t w;d MORTGAGORS shall fa ~~y reason tail to keep ~he sa:d premisas so insured, or fail to de~iver promptly any of said policies of insuru+ce to said MORIGAGEE, ot fail promptly 1o pay iully any pre~»~um therefor or in any ~espect tait to perform, d~schargo, execute, etfect, canplete, comply with and abid~ by this covenant, w any parl hereof, said MORTGAGEE may p~ace a~~d pay fo~ such inaurance a ~ny part thereof without waiving a affecting any optio~, lien, equ~~y, or right under w by v~rrue of this Matgage, and the !ull amount of each and e~•ery such paymenl shatl be immcdiately due and payable and shall bear intere~r frem the dats thereof until paid a~ ~he ra~e ol nine pe. centum per annum and toge?her with such interest thall tx secured by the lien of this mort9age. 1. To permit, tommit or suffer no waste, impairmeM or deterioration of sa~d property or any part the~eof. 5. To pay all and sirgutar the costs, tharges and expenscs, including a reasonable anorney i fee and costs of abstract~ of title, incurred or pa~d af any time by sa~d MORfGAGfE, betause w in the even~ of the fa~ture on the part of the said MORTGAGOR to duly, promptly and fulty pertorm, d~uharqe. ~xecute, eifecf, compfete, comp~y with and ab~de by each •nd every the stipulaiions, agreements, conditions, and covenan~s of said p~omissory note and ~his morrgage a~y o~ ei~her. and sa~d cosb. charqes and expenses, each and every, thall be immediately due and payabte: whether w not rhere be norice da mand, attemp~ to co!!ed o~ suit pend~ng; and the f~ll amount of each and every such payment shall bear interes~ from the date thcrcof until paid at the r,~~e of nine per centum per annum; and all said costs, charges and expensr. incurred or paid, together w~th such iMerest, shall be setured by the lien of thi~ mo~tgaye. b. That (a) in ehe evenf of any breacF~ of ~his Matgsgs or defau~r on the part of the MORTGAGOR, w(b) in the eveM sny of sa:d s~ms of money herein referred to be not promptly and fully paid within thi.ty (3pj dayt next after the same severelty become due and payable, wiihout demand o~ notice, cr ~cj in the eveny each and every tF~e stiputaiions, agraements, cond~tiu~s and covenants of sa~d promisw~y nore and th~s mortgage a~y or either are not iuly, promptly and iully performed, d~xharged, executed, effec~cd, completed, complied with ~and abided 5y, then in eifhor or any such event the sa~d ag greyate sum mentioned in said promissory note then remai~ing unpaid, with inte~est accrued, and all moneys secvred hereby, shatt become due and pay- abte forrhwith, a rhereafte., at the option of said MORTGAGEE, as fully and completely as ii all of thc said sums of moneY v~,ere o?g~nally inp~laeed to be pa~d on such day, anything in said promissory note or in this Mwtgsge fo the contrary notwithslanding; and lhcreupon or thereafter at the opt~on of sa:d MORTGAGEE, witFauf not~ce a demand, suit at faw w in equity, therefae or thereafter begun, may be prosecuted as if all moneys secured hereby n~d matured pr~or to ~t~ institutio~. - 7. That in the event that at the beginning of w at any time pend;ny any suit upon this Mortgage, a to fc~ecloae it, w to rcfam it, or to enforce payrnent of aey daims hereunder, said MORTGAGEf shatl appty to the Gourt having junsd~ctioa thereef fw the,~ppo~nrmeM of a Rece:v~r, such Court shaU fcrthwith appoint a receiver of said mortgaged p?operty all and singul~~, includ~ng alt and singular the income, prof~ts, iuyes ~nd revenues from whatever seurce de~ived, each and every of wh~ch, it being expressly unde.uood, is hereby mortgaged ~s if spec~fically set fat(+ and described in the granring and habenrlum ctavse~ hereof, and such Receiver shall have all tMe broad snd efiective funcl~ons and powsrs in an~ise entrusted by a Court to a Rcceiver, and s..ch appointment sha11 be made by such Gourf as an admitred equity and a matte? of absolute r+ght eo sa~d MORTGAGEE, and without reterence to the e:equacy a inadequacy of the value of the property mortgaged or to the sotvency or insolvency oi sa~d MpRiGAGOR or tAe defendants, and rhat such renrs, profits, income, issucs and revmues shall be appl~ed by such Receiver accord~ng to the lien w equity of uid MORTGAGEE and the practice of such Courf. 8. To duly, promptly and fully perfwm, discharge, execute, cffect, complete, compty with and ~bick by each and every the stipulations, agreements, conditions and covenants in said promissory note and this mwtgsge set forth. 9. Tnat in the event the ownership of the mortgaged premises, a any part thereof, becomes vested in a persen other than the MORT6AGOR, the h',~RTGAGEE, its successurs and ass~gas, may, wifhout notice to ~he MORiGAOR, deal w~~h such successor w svccessor in ~nterest w~th reference ro th7s r.~o-fgage and the d~bt hereby secured in the same manner as with Nbrtgagor without in any way vitiating w d~xharging the Mortgagori liability herr ~nder w upon the debt hereby sec~red. No sale of the p.emixs hereby mortgaged and no forbearance on the pan of the MORiGAGEE or its succeasors er assigns and no eatens~on of the time for rhe paymenf of the debt hereby secured given by the MORTGAGEE or its succesw.s w ass~gns, ,hall operate ro release, d~scharge, modify change or afiecl the original liability of the MORTGAGOR herei~, eithH in whole w in par1. 10. tt is spec~fical{y agreed that time is of the essence oF this contract and tMt ~o w~iver of any obtigat~on hereunder w of the obligaYwn se- c~red hereby sha11 at any time theresfter be hetd Io Ise a waiver o( the terms hereof or of the irutrument secvred herby. 11. In add~tio~ to rhe forego:ng monthly paymenrs of princ'pal and inte~est requ~red by the prom~ssory r.ore secured -hrreb~, mo~tgagor covenanls a~d agrees to pay to morrgagee wirh each momhly pay~r,eM an add~r~onal sum est~mated by mortgagee to be equal to 1/12 of the annual cost of the follow- ;,.3; A-All real pr~rty taxes tevied or assessed agai~st the above described real estate. B-P~emlums on f;re and windstorm ~nsurance as herein requ~red to be carried on the improvements situate on the above descr;bed premises. C-Prem~ums on such mwtgage guaranty insurar~ce as mortgagee shall from t~me to time deem fit to carry on the loa~ secured t~reby. Mortgagee shall from time to time notify mortgagor in writing of t!K amount due and payable hereunder and such wm shall thereupon be due and :~rabte on the due date of the nezt monthly payment and each successive month rhereafte~ ur.til mortgagee shall notify mortgagor of a change in such -,ount. Such s~ms sfialt be app;ied by matgagee toward the payment of reaf propeny taxes, insurance prem;ums, and mortgage g~aranty insuronce , ~'emiums. IN WITNFSS tiYNERfOF, the said MORTGAGO4 has hereu~to set his hand and seal the day and year first aforeuid. Si , Sealed and delivered ' the prese~ce of: ~ f - ~ b _ 1JLJ ~Seaq s - , lfred F. Welling ~~,q ' _ _ n (Seat) ` ' (Seai) , S~ATE OF FLORIDA ~ 4 St. Lucie ~OUNiY OF ~ ' Before me perwnally appeared _ AlfYed F.'Aellinq, a sinqle d+Zt ~ ~---+-----------------------~--------"---.•~~----~'HA~Offl,-rdT~lwllfkrieeerrsrdlntown~rvrne~te-be : rhe indiv~dual[ described in and who executed the fwegoing instrume~t, and ackrwM,ledged before me that ~Dy executed the same for ihe purposes i , rherein expresxd. lCnaTF'ieia~~~~~~~~~~~~~"~~~~~~-~~~~~~~~~~~~- - 7G7e Af~Re lS~a~~~~~~~~~~~~~~~~_~~_~~~~~~~~_~~~~~.~~~~~~ ~w,~~~+i6?~a~~siwt~.. ~nni~wawerr-by-twrt~i~eir ~epwa~s~ani ~RaM.frow~-i»r.a~i~ ~Law~.-a~wdsd~ed ~ao~ and~afa~ ~ i}~LSha ia~ec++ied iiY~iOiV!lViGa1*~1)G~:ig{~.YP1N~.. *erfl~and-v~iei~eurart~-~nep~rbfoir,eanerrsi~tf~pp~ei.ewaio~.-or~{ear~ef-s~~ww~~w~ai~L~~. : ` WITNESS my hand and official seal this ~ `1 dsy of Januar a Q:jQ~73 . ~ ~ ^ ~ _ Notary Public in and for t1K t t,e o~~ i~a~t. gQ My Commiuan expires: . , ' . i Returo To: ~ ; • • • Firat Federai Savings 3 loan Associat~on ~~~UYLIC, $TAjE• faORiDA at LAR(~ i Of fort P~erce. MY COMIM19~I1~~~1~ gEPI. 25. 1975 Fort P~erce, florida ~O~Qa ~ ~ ~ f~~Ea aN~ ~ECOwoE~ St. ~UCIER PO TR~SLA. First Federal Sav ngst& Loan Asso ia on Holergez c`E~K ~li,~~1T COU~T ~ Florida RfCpR~YEn~'IfD „ of Fort Pierce~ ~ ~ - ~ t9 9 5? A~'1 Checked B ~~66~'~ ~a~~ 210 PAGE 13~9 dz - - - - - ~ r ~ _ ~ . . ~ _ _ _ _ _ ~-i__