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Home My WebLink About1333 3. 7o place and continvously keep on !he bui!dings ~ow or hereafter ~~tuate on said land and on ali ~quip~nent and personally cove~ed by this m.~~g- ege, with all prcmiums ?ha~ron pa~d i~ full, (ire insurance in the usual sta~ard policy form, in a wm approved by the MOR(GAGEE, and w~ndstorm ~nsw~nce in the usuat standard pol,cy fo~m, in • ium approved by tM MORIGAGFE, in such company or compan~es a~ the MORiGAGEE may duecr, and all firo and wlnds~orm insurance policies on any of ya~d bu~id~ngs, any i~tere~~ therein o~ pa~~ Ihereoi, in the aggregare sum afo~esa~d o~ in exces~ thereof, shall contain the usual s~andard mortgagee clause a such oihe~ clsuse as tM Mor?gagee may ~equ~re, makinq ~he Ioss u~~drr sa~d poli- des, each and every, payable ro sa~d MORTGAGEE as ~!s inieres~ may appe~~, and tach and every such pot~cy shall be pron,pUy ass9~ed and del~vered ~o eny held by ~a~d MORIGAGEE as (unhe~ security to said mongage debt, and, not ieu than ~en (10) deys in ad~ance oi the expi.alion o~ each policy, to de- I~ver to said MORiGAGEE s renewal ~hereof, togerhar wirh a rece~p~ iw the pramium ei such renewal; and ~here shall be no f~re or windsronn insurance placed on any of said buildings, ~ny in~cresl thcre~n o~ parl thereo(, vnless in the fo~m and with ~he loss payabie as afo~esaid; and in Ihe e~en1 any sum of money becomes payabte under such poliq w polities taid MORTGAGEE shafl have tM opt~on to receive and apply The ~arne on acco~m of the indabted• ness secured he~eby o? to prrm~t said MORTGAGORS to rcteive ar.d usa it p any part ~hereof lor osncr pu.F~ases, v.~~ho~t ~h:~.ur ..a~~~.~3 c~ ~~„p..,~- ~ng any equ~ty, I~en a right unde~ or by vir~ue of this mortgage; and in the event sa~d MORTGAGORS shall fa any ~eason fa~l to keep /A! said prernis~~s so insured, o~ fait fo deliver prampNy any of said policie~ of insurante ~o said MORTGAGEE, o~ faJ promptly to pay Fuily any p~emium therefor or in a~y resped fail to perfwm, d~scharge, exec~te, efFed, complete, tomply with ~nd abide by this tove~ant, a any part he~eof, sa~d MORSGAGEE n~ay piace a~~d pay for such insurance or any part thereof without wa;ving w affecting any option, lien, equlry, or r'~ght under w by vlrtue of this Mor~9age, and ~he tuU amoum of each and e~~ery such payment shall be immediately due and psyabie ~nd shall bear interesl irom the date the~eoF u~~il pa~d at the ra~e ol n~ne pe~ cen+~m per aonum and to~ethe~ with such imeresr shall tx secured by the lien of this mortgage. • 1. To permit, commit or suffer ~o waste, impairme~t a detcr~oration of said property or any parf thereof. S. To pay all and singular the costs, chargcs and expenses, includiny a reasonable aftorney ~ fee and costs of abetracts of 't~tte, incur~ed or pa~d at any time by said MORTGAGEE, because u in the event of the failure on the parl of the said MORTGAGOR to du~y, prornptly and (uliy perfo~m, d~scharge. execute, effed, compte~e, comply w~th and ab:de by each ~nd every the ~tipulanons, agrcements, conditiona, and covenanrs of said promcsw~y note and fhfs .noregage any or either, a~d said ,cos», cha~ges and expenses, each and erery, shall be immediately due and payable; whether or not there be nor~~e dr mand, attempt to collKt or suit pending; and the full amount of each and every such paymero shall bea. interest from 1he date thereof until paid at the ~.,re of nine per cantum per amwm; and aH said costs, charges artd expenses intwred w paid, toge~t~er wah s~ch interost, shall be ucured by the lien of this mo~tgege. 6. That (a) in the event of any breach of this Mortgage or defautt on the part of the MORiGAGpR, or (b) in the ere~t any of sa~d sums of money hrrein referred to be nof promprly and fully paid wi~hin thirry (30) days next after the same seve~a;ly become dve and payable, wiihou~ demand or norlce. 4:) the event each and every the stipulations, agreements, cond~rions and covenants o1 sa~d promiswry note and tfi:s mortgage any a tither are not i~ly, promptly a~d fully performed, d.scharged, e,eecuted, effected, compteted, compl~ed w~th and ab~ded Sy, then in e~ther or any such even~ the u~d ag- gregate sum menrioned in said promisso?y note then remaining unpaid, with interest accrued, and atl mooeys secured hereby, ahall become due and pay- ab;e forthwith, or thereafte?, at the option of sa~d MORTGAGEE, as fully and comp~e~dy as if all of the said sums of money were or~ginsily shpu~ated ro be pa~d on such day, anything in sa:d prom~sswy note or in this Mortgage ~o the conrrary no?w;thstanding; and ~hereupon w thereafter at the opt:on of s~~d MORTGAGEE, w~thout norice or demand, suit at law w in equity, thereFae w thereai~er begun, may be prosecuted as if all moneys secured hereby n~d matured pnor to its institution. 7. That in the event that at the beginning of w at a~y time prnd~ng any su~t upon -this Mortgage, a to fweclox it, or fo reform it, or to enforce payment of any daims Fxreunder, said MORTGAGEE shall apply to the Cour1 having jur~sd~c~~oo ihereof fw the appo~ntment of a Rece~ver, svch Court-shafl fc•rthwith appo;nt a.eceiver of said mortgaged property all and singul~?, includ~ng aIl and singuiar ~he income, pro(~ts, issues and ravenuei frWn wharever sawce derived, each and every of which, it being e~pressly uoders~ood, is hereby mwtgaged af if specifically set torth and deuribed in the gianting and haeendum clauses hereof, and such Receiver aha0 have all ~he broad snd efiect~ve funcsona a~d powe~s in a~ywise entrusted by a Court to a Recei~er, and s.,ch appointment shall be made by such Court as an admitted cquity and a matte? of tbsolutt nght to said MORTGAGEE, and withcuf refererce fo the adequacy or inadequacy oi the value of the property mortgaged or to the sotvency or insolvency of sa~d MORTGAGOR w the defe~danrs, and that such ~•~~,rs, profits, income, issues and revenues shall be appl~ed by such Receivcr according to the lien w equity ot sa~d MORTGAGfE and the practice of such Court. B. To duly, promptly and fulty perform, discharge, execute, effect, complere, comply w~th and abide by each and every the stipulatio~s, agreements, co~ditions artd covenanes ~n sa~d promisswy ~ote and this mortgage set fath. 9_ That in the event the ownership of the mortgaged premises, a any part thereof, becomes vested in s person other than the MORTGAGOR, the ".'~RTGAGFF, e~s successo~s and ass~gns, may, without notice to the MORTGAOR, deal with such successor or successw in ~nterest w~~h reference to thia r.,o-tgage and the debt hereby setured in the same ma~ner as with ~lbrtgagw withput in any way vi?iating w d~xharging tMe Mortgagori I~abiuty here- v~~der a upon the debt hereby secu~ed. No sa~e of the premises hereby mortgaged a.~d no fo~bearance on fhe.pan of the MORTGAGEE or its s~ccessors cr assigns and no exte~sion of the time for the payment of the dcbt hereby secured given by the MORiGAGEE or its successors a ass~gns, a~tiall operate ~o re~ease, d~scharge, modify change w affect the original liab;l;~y of ~he MORTGAGOR here~n, either in whole w in part. 10_ It is speufically agreed that time is of the euence of this contract and that no wsiver of any abliqarion he~evnder or of the obligation se- cured here6y shall at any time thereafur be hefd to be a wa:ver ot the terms hereof a of the ins?rument secured he~by. 11. In add:tio~ to the forego:ng month!y payments of princ pal and interest ~equired by the prom~sscry note secured hereby, mortga~~r covenants + d agrees to pay to mo:tgagee +n~!h each momhfy payn~ent an addnional sum estimared by mortgagee to be equal to 1; 12 of rhe annua! cosf of the foliow- ing: A-All real property taxrs lev~ed w assessed agai~st the above described real es~ate. B-Premiums on i~re and windstorm insurar.ce as hetein requ~red to be carrie~ on the improveme~ts situate on the above described premises. C-Premiums on such mortgage guaranty insurar.ce as mortgagee sha(I from t me to t~me 3eem fit to carry oa the loan secured hereby_ Mortgagee sha!7 from ?ime to time rtoiify mo.tsagor ;n wrir;ng of the amount due and payable hereunder and such sum shall thereupon 6e due and c~,able on the due dafe of ~he next monthly payment and each successive momh thereafter u::til mertgagee sha~l notify rrwrtgagor of a change in such ~~unt. Such sums sFaii be appi;ed by mortgagee towar the payment of real property taxes, insurance prem;ums, ond mortgage guaranty insurar.ce ~•emi~ms. IN Y~ITNESS YIHfREOF, the said AiORTGAGOR has ereunto set his hand a~d seal the day and year first aforesaid. ~gned, Sealed and deliv in the presence of: C~L~~~ ~ /'l~ r G -.Sesl) ~lexander W. _H~~nd. a sim~~e . • - (Seal) (Seal) SiATE OF FLORIDA ~ St • ~.llC 1 C ~JUNTY OF Befo~e me perwnally appeared A1e~~er w. Ha?ma~ond ~ a single aC~U2t ~x ~ ~ to me well known and known to me to be rhe individua! dasuibed in and who execured the foregaing instrument, end acknowledged before rrK that he executed the same fw the purposes rhe•ein expressed. /~i ~ 7UC ~qqpp( ' X )C)OQOOQC7QOCR x~t ~ , . _ : WITNESS my hand and official seal thi: 2S ~~1 day of . A~ D: 19_13 . ~ ~ - Notary Public in and for.the ttat Florida at large My Commission expires: ~ r J• Retum To: ~,~~jA~gL~~~ $jATE.~i FIDRlDA 0t LARGE First Federal Savings 3 loan Assctiation MY ~,~yitc~-~~,y' S[ T. 25, 1975 Of Eort P,erce. , en [itaKCt~ ~(15L't3tlC8 fort P~erce. florida ~f' V ~ ' F+~fo ~,~G R~c~~oEa ST. LUCtE CJUMtY ftA, ~ This Instrument Prepared By Gary F. Bll~rood ROCE~ =p;Tt~AS First Federal Savings & loan Assaciation CLERK C+.t~Uit COURT of Fort Pierce~ Floride, REC~P.~ Vf~ -~E~ ~ ~ Ay Chetked By~ 9 S$ 1111 ° ~ 210 ~133 ~ z46ss3 ~oox 1 - - ; ~ ~ ~ _ ~ .,__.y _ ~ : _ ~ = ..s..,F ~rr'.'n.: