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Home My WebLink About1323 . . . 3. To place and con~~nuousiy keep on the bu~:d~ngs now or hercafter ?~iuate on sa~d land and on all equ~p~nent and perso~aliy covered by thi~ mo~rg- age, with al) Fromiums thereon pa~d in lull, fire insurance irt ~he uaual seande~d poficy form, in a sum approved by the MOR~GAGEE, and w~ndstorm inswance in, the utw! ~randard poLcy fann, in a sum approved by the MORTGAGfE, in ~uch compa~y or companiea aa ~~e MORTGAGEE may d~recl; and all (iie and w~ndatorm insu~anca poiicies on any o( sa~d build~ngs, any interest there~n or pa~t therrof, i~ the aggrega~e s~m aiaesa~d w tn excess ~hereof, shall :ontai~ ~he usuai standard mortgagee clause or iuch o~her cla~ss as ~hs Mort~agee may req~~re, maMing the loss undrr s.+~d pola c~es, each and every, payable to said h50RiGAGEE as ~ts inierzst may appear, and each and every such po!~cy shall be prompNy ass gned and de~~ver~d to any Aeld by said MORfGAGEE as further s..urity lo said mortgage debt, and, nol tess fhan ten (10) days in adva~ice of rhe expirat~on of each policy, to dc live? ro sa~d hWRTGAGEE a renewal thereof, toge~her wi~h a receip~ for the premium of such renewal; and thrre shal! be no f;re or windstorm insurance p~aced o~ any of said buildings, any interesf therein or part thereof, unless in tht form and wilh the loss payabte as aforesaid; and in the event any sum of money becomes payable under such policy o~ policies said MORTGAGEE shall have the opt~on to rete~ve ond appty the same on accovni of the indabtcd- ness setured here~y o~ ro perm~t said MORTGAGORS to receive and ~u it a any part thereof for osn_r purposcs, v.aho.,s ~h_~~o~ er ~•+,p~~~- ing any equ~ty, lien p~ ri9ht under or by vinue of this mo-cgage; and in ~ht event sa~d MORTGAGORS shall for any reason fail to keep the sa+d premis.rs so ~nsured, or fail 1o deliver promptly any of said polkies of insurance to sa~d MORTGAGEE, or fai! prompdy ~o pay fu~ty any premium thcrafo~ or ~n a~y respect fail to perform, dfscharge, ezetute, effecl, complete, comply ~vith and abide by this covenant, or any parl hereof, said MG2iGAGEf may p~ace a~~o pay fo~ such insurance or any pa~t 1he~eof without waiving or afieding any option, lien, equ~ty, or right under or by virtue of thJs Mor~gage, and the full amount of each and evtry such payment shall be immediately due and Fayable and shall bear inte~est from the date thereoS u~~i~l pa~d at the rate oi n~ne per centum per annum and togrthrr with such inter~st shaU be secured by the iie~ of tAis mortgage. 1. To perr;iit, commit w suffer no waste, impairmenf c+r dete~ioration of uid property o? any part ihereof. 5. To pay a!I and singular the costs, charges and expenses, including a ~easonable attorney's fee and costs of abstrects of titlr, incurred or paid at eny time by said MORTGAGEE, brcause w in the event of the fa~lure on the part of the said MORTGAGOR to duly, promprly and fu;iy pertorm, d~scharge, execute, effetl, comptete, comply wuh and ab:de by each and every the stip~tartons, agre~nents, cono;r~ons, and cove~ants of sa~d pro~~issory note and th~s mortgage any or either, and sa+d cosrs, charges and expenses, each and every, shall be immediatefy due and payable; whether or not there be nonce da mand, attempt to cottect or suit pertd:ng; and the full amounl of each and every svch pay~nent shall bea~ interesr from rhe date thereoi untif pa,d at the rate Oi nine per cent~m per ann~.~,; cn~ all said cosrs, cha~ges and ~x;:roaes incurred or paid, toyether w~th such interest, shall be secured by the iien of th~i mortgage. 6. Tha1 (a) in 1he eve~t of any breach of this Mortgage or default o~ tF~ part of the MORiGAGOR, or (by in the event any of sa:d sums of money herein refened to be nol pranplly ar.d fuily paid within th~~ty {30) days next aiter the same severa!ty betome due and payable, without demand or norice, or (c) in Ihe eveN each and every ~he stipu:atlons, agreements, conditions and covenants of sa:d promissory note and th~s mortgage any a either are no1 iu~y, promptly and fully Qerformed, d~scharged, executed, e+fecfed, completed, compl~ed wirh and abrded Sy, then in e:ther or any such event the sa~d ag gregate sum memioned in said pron;~ssory note then remaining unpaid, witA interest atcrued, and al! moneys setured hereby, shall betome due and pay- able forthwith, or thEreafter, at ihe opt;on of sa~d MORTGAGEE, as fully and comptetely as if ati of tl~e said s~ms of monry were w~g~~aily st~puiared to be pa;d on such day, anything in sa:d promissory note or in this Mwtgage to the comrary not.v~thstand~ng; and there~pon or thereafter at the opt~on of v~d MORTGAGEE, without nohce or demand, suit at law or in equ~ty, therefore w thereaher begun, may be prose<uted as if all mor.eys secured hereby nad matured pr~or to ~ts institution. 7. That in the erent that at the beginning oi w at any time pend~n9 any suit upon this Morlgage, w to foreclose it, or to reiorm it, or to enforce paymtM of any claims hereundrr, said h10RTGAGEE shall apply to the Court having ~ur~sd:aion theieof fq the appointment of a Qeceiv~ such Court shail forthwith appo;nt a receiver of said mortgaged property ali and singular, indud,ng at1 and singular ttre in~ome, p~of~ts, issues and revenves irom whatever source derived, each and every oi wh~ch, it being expressly unders~ood, is he~eby morigaged as if spec:iiwlly set forth and described in tAe granting and habendum clauses hereof, and such Receiver shal! have atl the broad and effective funct~ons and powers in anyw~se ent.usted by a Court~ to i Recriver, and s~:h appointment shalt be made by such.Court as an admitted equity and a matter oi absolute r~ght to said MORTGAGEE, and without referertce to the acequacy or inadeq~acy of the vatue of the property mortgaged or to the so.vrncy or ~nsokvency of sa~d MORiGAGOR or the defendants, and that such re~~s, profits, income, issues and reveoues shall be apptied by such Recriver ac:ording ro the ~ien or equ+ty of said MORiGAGEE and the practice of such Courf. 8. To duly, prompr(y and fully perform, dis:harge, exec~te, effect, complete, co~r,ply with and abide by each and every the stipuiations, agreements, conditions and covenant: ~n sa~d promissory note and th~s mortgage set fonh. 9. That in the event the ownership of the martgaged premises, or ar.~ parf thereof, becomes vest~ in a person o+her than the MORTGAGOR, the N,ORTGAGEE, its svctessors ar.d ass~gns, may, without netl:e to the MORTGApR, deal with such successa w successor in interest with reference to this n,o~tgage and ~he d>bt hereby secured in the same manner as w+~h /Aortgagor w~thout in any way vii:ating w d~schargi~ig the Mortgagors' liabitity here- ~nder or upon th- d:bt hereby sewred. No sale of the pre~n~zes hereby mortgaged and no forbearance on the part of ~he tdORiGAGEE or its svccessors or assigns and no exrensior. ot the t,me for the payment of the debt hereby sec~red given by the MORIGAGEE or ~ts successwa or ass~gns, ~~~ai! operate ro re±ease, d~scharge, mod~fy change or a£fect !he origina! Gab;t~ty of rhe MORiGAGOR herein, either in whole o. in part. 20. It is speuf;caily agreed that time is of the easen~e of this tontract and that no waiver o1 any obligat~on hereunder or of the ob:igatan se- cured hereby shall at any time thrrea!ter be he!d to be a waiver of the terms hereof ot of the instrumenl secured herby. 11. In add,tio~ to the forEgo'ng month!y payments of princ pal and inrerest reau~~ed by the prom sso~y no!e secured her~by, mortgagor covenants and agrees to pay to mortgagee ~nirh each monrhty pay~::ero an add,uonal sum ess~n~ated by mprtgagee to be equal to 1; 12 of e an~ual cost of the fo~tow- A-AU real prope.ty taxes lev,ed or assessed aga~•;st thc above desc.ibed real esrate. B-Prem,~ums on fire and w~ndstonn insurarce os here~n rrG~:red to be carr~ed on the ~mprovements situate on the above described premises. ~-Premiums on svch mo~rgage guaran?y inswar,~e as mo~~gagee sbail frem ime ~o nme deem iit to carry on the toan secured hereby. ' Mortgagee shail from nme to rime noflfy mortyago: ~n wr~ting of the amovot due a~d payable hereundrr and svch wrn shaSl ihereupon be due and ;~;able on tha d~e date of ~h~ next n-~onth,y payment and eoch successive mo~!h tnereaSter ur,ti{ mcrtgagee sh3!I r.ot~fy mortgagor of a change in such ~ ounL Such sums sha:! be app ~ed by mortgag~e toviard ~I~e payment of reat property taxes, insurance prem.ums, a id mortgage guaranty insurance ;.remiums. IN \VIiNESS L':H:REOF, the said MORTGAGOR has hereunto set his hand and seaf the day and ear first afor sa~ . Signed, Sealed and delivered in the presence of: (Seal) s~itness: Alb t W. Dllthe ~~ai~ (5eaq w i tness • .=Suza e M. Oi t y ~~ai~ S~ATE OF F10RIDA ~ S5. ~OUNTY OF ~a--+~ ~ 1~ ~ Before me pe~sonally appeared Albezt W. Dilthey and ` 511ZaAAe M. Dilthey his wife, to me we!! k~own and known to me to be , tne individuals described in and who executed the foregoing instrummt, and atknowfedged before me that they eaecuted the same fw the purposes therein e:pressed. Md the said_ $uZ811I1@ Dilthey +r~fe of the sa~d _ Al~ert W. Dilthev upon a:eparate and private e.am(nation by me taAen separate and apart irom her safd h~sband, acknowledged to and before me that she executed sa;d instrument freety and volun- raril y and w~tho~t any comp~lsion, constraint, appreh ns~on, w fear of or from her uid husband. WITNESS my hand and ofFidal seal thi:_- ~ day of January ~ q, p. ~y 73 S~- ~ G~ - ~ /j . ~ Notary Public in ar~d for the State of Florida at Large • Retum To: My tomm~ssion expires: fint Federal Savings 3 loan Associat:on ~:OTARY PUBUC, STATE of FLORIDA at LAQGE ~"'Jh; f Of FoH P;erce . = CQhi~; Ei. iRzS ' ~ - j Fort P~erce. Flcrid3 p•Y =SSi':•N t fEB. 27~ 1~73 ~ • ` ; : , . . i. - . _ ~.I.~ . r ' fILEO ~ND RECOROED r 1 : - This Instrument Prepared 8y RiChaXd K. fC,ayes ST~ qpCfFCFfl,t~As ~A' ~ s_ , ' First Federal Savings & Loan Association CIERK Ci„UI? COURT j " `'::.C . ~ - ~ of Fort Pierce ~ Rlozida RfCOkC VEP;fIE~ y' - ~ q ~ _ _ . Checked By`--~~ ~ 9 S? AH ~13 ~'f;- . ! ~ . 5GCK21~ r~L~ 132~ z46s~s ~ ~ ~ . _ - - -