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Home My WebLink About1327 3. To place and coroinuously keep on the bui:dings now or hereafte~ sitwte on sald I~nd and on all equipment and persone~~y covered by this mortg- ege, wi~h all premiums thereon pe~d in (ull, fire insurance in the usual stenderd polity form, in a•um approved by tt~e MOR~GAGEE, and w~~dsto~m insurance in the uswl s~andard pol~cy form, in a sum approved by the MORTGAGEE, in sucA company o~ <ompanies as Ihe MORTGAGEf may di~ect; and atl fire and w~ndstorm insuronce poliues a? any oi seid build~n~s, any i~tertsl Iherein o~ part thereo(, i~ the aggregare sum aio~eia~d w In eicess Mereof, shaU contain the usual srandard maigdges t~suse w such other clauis ~s ~he Mw~pagee mey ~equ~re, making the lo:s undr~ sa~d poli- cies, each and every, payable to sa:d h10RTGAGEE as ~ts interest may ~ppear, and each and eve~y tuch pol~cy shall be prompily ass g~~ed and de~iver.:d ~o sny held by ss~d MORTGAGEE aa turther sec~rity to said mortgage debt, and, ewe les~ rhan ten (10) dsys in edv~nce of ihe expiration o} each pol~cy, to dr liva to said MORTGAGEE a renewal thercof, together with a rete~pl for the prrmium oi tuch renewal; and there ihall ba no f~re a wm~s~onn insurance p~aced on any of :aid buiidings, ~ny interes~ therein or part ~hereof, unless in the fam •nd w~~h the fou payabte as afwesaid; and in the e~ent any sum of money become~ payable unde~ suth polity a poliues said MORTGAGEE shall have ths optlon ro recei,re and epply ~he same on account of the indeu~ed- ness ~ecured hereby or to permit said MORTGAGORS to ~eceive and uie it or any pan the:eof fo~ o:n~r purt~oies, v.nho~t ~h~•.u~ wG~~~.:g or ~~:~p,,~.- ing any equ~ty, lien a right under or by virtue of this mo:tgage; and in the even~ taid MORTGAGORS shatl fw any reason fail to keep the sa~d premis~s so insured, w fail fo deliver promplly ~ny of said polities of insurante to sa~d A10RTGAGEE, or fail promptly to pay fuily any pre~n~um therefor or ~n any respect (ail to pxform, discharge, exacwe, effett, complele, comply with and abide by Ihis torenant, or any parf hercof, sa~d MGA7GAGEE may piace a~~d pay for such insurance or any part thereof wi~hout waiving o~ •ffectin9 any opt;on, Iien, equ~ty, or i~gM uoder or by v~r~ue of this Mw~gage, and the full unount of each and every such payment shall be immediately due and payable and shall bea~ interes~ from the date thereof unul pa~d at rhe rare ol nine per centum per ann~m and to~eth~~ with such inreresr sha!! be secu~ed by 1he lien of this mortgagt. 1. To permil, commit a sufler no waste, impairment or deterioration of said property or sny pa?t thereof. 5. To pay all snd singu!ar the costs, cha~gei and exp~nses, including a reasonable at~aney's fee and costi of abs~racts of Htle, incurred o. pa~d a~ any time by said MORTGAGfE, betause a in ttu event ot the lailure on the part of the said MORTGAGOR to duty, promptly a~d fvliy pe~form, d~scharge. a,rc~Te, effect, complete, compty w~th and ab:de by each and every the stiputat~ons, agreemenri, conditions, and covenanrs of said prom~swry noee and ~his m«igage any or either, and u~d co~n, charges and expe~+us, each and avary, shall be immediately due and payabie; whe~h,~. a not the~e be no~~ce da mand, altempt fo coltKt or suit pend~ng; aod the fufl amouM of each end every such paymerer ahall bear inieresi from ~he date thereof uo~il pa~d at ~he rare of nioe per centum per annum; a~~d ail said costs, chargea and expenses incu~red or paid, together wJh such interest, shall te setured by the lien of this mortgage. 6_ That (s) in the event of any breach of this Morlgage o? default on the part of fhe MORTGAGOR, or (b) in the event sny of saEd sums of money herein refe~red to be not p~omptly and fulty paid within thirty 130) days next af~e~ ~he same severally becoma due and payable, without demand w notice, or (c) in the event each and every the atipu~ations, agreemcnts, condit~o~s snd covenams of u:d promissory note aod th~s mortgage any or either are not iuty, promptly and Fully performed, d~scharged, exetuted, effected, completed, compt~ed with and abided yy, then in either or any such event the sa~d ag~ gregate sum mentio~ed io said promiuory note then remaining unpa;d, with interest accrued, and alt moneys secured hereby, shall become due and pay- able fo~thwith, o~ thereaher, at the op?ion of said MOQTGAGfE, as iully and completely as if all of rhe safd sums of money wr~e or~gina~ly s~~pula~ed ro be pa~d on such day, anythirg in sa:d prom~ssory note or in this Mortgage to the contrary notw;thitand~ng; and ~hereupon or thereafter a? the op~~on of sa~d MORTGAGEE, without nor~cc w demand, suit at law w in eqvity, therefwe a thereaFrcr begun, may be prosetuted as if all moneys secured hereby nad marured pnor to ~ts insfirution. 7. Thaf in the event that at the beginning of or st any time pend~ng any suit ~pon this Mwfysge, w, to foredose'R, br to reform it, or to enforce payment of any claims hereunder, said MORTGAGEE shall apply to the Covrt haviog jvrisd~ction thereof tol 1F~e appoinlment of a Rcteiver, suth Court shail forrhwith appoint a receiver oF said mo~tgaged property al! and singular, inclvd,ng all and singular the income, prof~ts, issufs •and revenue; from whateve~ source derived, each and every of wh~ch, it bcing expressly undentood, is hereby moatgaged as if spec~fiEbtty set fath and deuribed in Ihe granting and habendum clauses hereof, and such Receiver shall have all the broad and eifective funct~o~s and powers in anywise entrusted by a Court to a Receiver, and s_ch appointmenf shall be made by such Court as an admined eq~ity and • matter of absoluie right ro said MORTGAGEE, and wi~hout reference to the edequacy w inadequaq of the vslue of the property mortyaged or to the so~vency or ~nsotvency of said MORiGAG~R or tFe defendaMS, and +h~t :uch re~n, prafits, income, +ssues a~d revenues shall be applied by such Receiver atcording to tlu Iien or equ~ty of uid MORTGAGEE and the pract~ce of such Court. 8. To duly, promptly and fully. petform, discharqe, execute, cffect, complete, comply w~th ~~d abide by each and every the st~pulations, agreements, conditions and covenants in sa~d promisswy'note and th~s mortgage set forrh. " r 9_ 7hat irt the evertt the owner~hip o~ the mo~tgaged pr~m;ses, or any part thereof, becomts vestcd in e perwn other than the MORTGAGOR, the h',ORTGAGEE, in suctessws and assigns, may, without notice to the MORTGAOR, deal with such suctessor or succeasw in interest with reference to this morrgage and the debt hereby secured in the same manner as with Mortgagor without in any way vit~atirg or discharginq the Mortgagors' liability her~ under or upon the debt hereby tecured. No sale of the premixs hereby mortgaged ar+d oo iorbearance on the part of the 1~10RiGAGEE or its s~ccessors or assig~s and no extension of the time fw the payment of the debt hereby sccured given by the MORTGAGEE or its successors or assigns, ai~alt operate ro re~ease, d~xharge, modify change w affecf the original liabil~ty of the MORTGAGOR herein, eithe~ in whole or in part. 10. It is spec~fically agreed that time is of the e:xnce of this contract and that na waiver oi any obligation hereunder w of the obligation se- cvred hereby shall at any time ~hereafter be held to tx a waiver of the terms hereof or of the instrument secured herby. 11. In add,tion to the forego:ng mo~th!y paymants of princ"pal and interest required by the prom:ssory no!e secured hereby,' mortgagor covenants a^d agr~es to pay to mongagee with eath mon~hly pa~rnem an add~~ionaf sum est~mated by mortgagee to be equal to 1;12 of the an~ual cost of the follow- iny: A-All real prope~ty taxrs lev:ec! or assessed against the above described real estate. B-Premiums on fi~e and w~ndstwm insurance as herein requ~red to be carried on the ~mprovemeats sitvate on the above desv~bed premises. C-Prerniums on s~ch mor~gage guaranty ir.s~rance as mortgagee shail from t~me to time deem f~t to carry on the loan secured hereby. Mortgagee shail from t~me to t~me nctify mortgagor in writing of the amoum due and payable hereunde~ and such wm shall thereupon be due and r.3yable on the due date of the ~ent month:y paymert and each successive momh thereafter urtil mortgagee shalt notify mortgaqor of a change in such a nounf. $uch sums ahai! ba applied by matgagee toward the payment of real property taaes, insurance prem.vms, and mortgage guaranty insurance p' em iums. IN WITNESS WHfREOf, rhe said MORTGAGOR has here~nto set his hand and seal the day and year first aforesa~d. ' igned, Sealed and deliv~e in t~ piesence of: " " - ~ ~ I ~ G-L~G-L~ - ~Seal) ~ Oliver R. Ault ~~,i~ _ . , . / (Seaq Q ~ G (Seal) etha I. Ault SiAtE OF FtORIDA ~ COUNTY OF J~ • L1x.l~ ~ 1 Beforo me personally appeared Ol ive r R. A L11 t and et~ 1• U t his wife, to me well known a~d known Jo me to be , rne individuats described in and who executed the foregoing inst~ument, and ackrwwledged befwe me that they e:ecuted the wme for..f}h~pyrposes rherein expressed. And the said Net~ I. ALIZt ,+~r~~+~... ' ++:fe of the said Oliver R. /~lllt u Pc~l~ ~~sgpa;ate,'af?d'qiv~te e*am~~at~on by me taken separate and aRart f~om her said husband, ~c)cnowledged to and before me that she executed s~~ 1S~6urh~nt freety aod vp~?ln- ranly and wahout any computsion, constraint, appre s~on, ~r fear of or from sai ,hu:band. ~ - WITNESS my hand and offic~al seal this_ day of ~ Januar ' A~ ~y` ~3 . . . . _ . - _ ` . ~ s ~ J ' v STATE ~F FLO R 1 D A ~ Not ry PubGc in and fo be fjte.gf.Fiynda at ~a ge; v~ ' M Commission ex ires: ("~Q DOCUMEf~SiARY./•'-:::;, STAMP I l'. X y A ~ ~ t° pFPT VF REVENUE • ~ ~ - - . ~;~,t~?~-~_:~ - 2 9. ~ 01 ~ o _ PE .•~~j - t . . 6 ~ 11. .l `~a::~ ¦ • • - • • ~ f1tE0 ~h ~ pf.i.'unOED •t, ~~lC~~ tOUMTr FU. This lnstrumeM Prepared By Gazy F, Bll~vood ROCEF FO'TR45 ~ First Federal Savings & Loan Association CIERK CI' ~U~T COURT ,(y~~(~+ of Fort Pierce , Florida RECANC Yl~~~iED,_~.,;iL. Checked By ~ ~MII L~ ~7 ~i8 Nti ~ 13 ~R 24~650 ~ou~ 210 PACf 1325 ~ ~ ~ . - - _ _ -