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Home My WebLink About2856 To place and continuously keep on the buildingi now w hereafte~ ~~tuate on said land +nd on all cquipment ~nd personally covered by th~s mat9- ~gs, w~th all premiums thercon pa~d in full, fire insurance i~ ~hs usu~l s~ands.d pol~cy form, in ~ ium approved by the MORTGAGEE, and windsram ~nsurance in tM usual standard pol~cy fam, in a ~um spp~ovcd by the MORTGAGEE, In such compar.y w compa~~es as the MORTGAGEE may direth and alt (ire and wind~lorm insurante po~~cie~ on ~ny of said build~n~s, any interest therein or put thereof, in ths aggrcgate sum aforesaid or in exces~ Ihereof, shal) contain the usual itandard matgagee cl~use w such othe? claus~ as tM Mo~tgagee may requ~~s, maAirq ~he Ioss undrr •a~d pol~ cie~, each and every, payable ro said MORTGAGEE as its intereit may appea~, and ea;h and eve~y iuch policy ahatl be promptly sss gned and deliverrd ~o any held by said MORTGAGEE ~s furfher ~ecurity to said mortgage debt, and, not leu than ten (10) days in advance of ~he expirat~on of each pol~cy, ~o de- I~ve~ to said MORTGAGEE a renewal thereof, togetMr with • receipt for the premium o( svch renewal; and ~here shall be no f~re or windsror~n ins~rance placed on ~ny of said buildings, •ny interett therein w part thereof, unless in the torm and with the lou payable a~ a(oresaid; and in ~he event any sum of money becwnea payable under such policy a policies said MORTGAGEE shall havs the option to receive and app~y the same on account of ~he indabeed ness secured hereby o~ to permit said MORTGAGORS to rete~ve and use it w any pa.t thereof fo. o:ner purposes, ~v~thout th~~.b~ wai~l.~~ o. ~n~p~~r- ing any equ~ty, lien w right under w by virtue of this mortg~ge; and in 1M event Mid MORTGAGORS shall fw any reason iail to keep the said premisas so insured, w fail to deliver promptly ~ny of said policie~ of insurants to iaid MORTGAGEE, a fail promptly to pay fully any p~em~um theretor or in any respect fail to per(wm, discharge, execute, eftect, complete, comply with and abide by this covenant, a any part he?eo(, said MORiGAGEE may p{ace a:~d pay (or such insurancs or ~ny parl thereof without waiving w sffectiny a~y option, lien, equiry, or ~ight under w by virtue of this Mortgage, and the full amou~t of each a~d every such payment sha~l 6e immediately due and payable and shall bear interest from ths date thereof until paid at the ra~e ot n~ne per ce~tum pe~ annum and to~rther with such interesf shalt be secured by the lien of this matgage. To permit, commit o? suf(a no waste, impairment or dete~ioration of said properry w any part thereof. 5. To pay all and singular the costs, charges and expmses, including ~ reasonable attwney i fee and costs of abstracts of title, incurred w paid at any time by uid MORTGAGEE, because w in the evero of the failure on the part of the ssid MORTGAGOR to duly, promptly and fully perfam, d~xharge. >xecute, eifect, complete, comply with and ab:de by each and every the stipulations, sgreements, conditioro, and covenants of said promissory note and this mo.tgage any a either, and sa~d cosb, charges and expenus, each and evtry, ahall be immediatety due snd payable; whethcr w not there be not~ce do- mand, attempt to collect a tuit pending; and the full amount of each and every suth payment shall bea? interest from the date thereof until paid at the ra~e of n~ne pe~ centum per amium; and all said costs, cMrges and expenses incurred o~ paid, ~ogether w~th such interest, shall be secured by the lien of Ihis mortgage. 6. That (a) in the event of any bresch of this Mortgage w defsu~t on the pa?t of the MORTGAGOR, or (b) in tlx event any of sa~d :ums of money herein referred to be not pramptly snd fully paid withi~ thirty (30) days next aite~ the same uvt~aliy bccome due and payable, without demand or notice. or (c) in the event exh and every ~he stipulations, agreements, conditions and covenants of sa~d promiswry note and th~s mortgage any a either are not iuiy, promptly and fully performed, d~xhsrged, executed, effected, completed, comptied with and abided by, tF+en in e~ther a any such event the sa~d ag- gregate sum mentioned in said promissory note then remaining unpaid, with interest accrued, and a11 moneys xcured he~eby, shall become due and pay- ab:e forthwith, or theresfter, at ~he option of said MORTGAGEE, as fully and completely as if all of the said sums of money were aiginally s?iputated ta be pa~d on such day, anything in said promissory note or in this Mortgage to the contrary notw~thstanding; and thereupon or thereatrer at ~he optio~ of sa~d MORTGAGEE, without notice w demand, s~it at law w in equity, ti?ereiwe w therea(ter begun, may be proucuted as if ~II moneys secured he~eby had matured pnor to iri insiitution. 7. That in tl+e event that at the beginning of or ~t any time pending sny suit upo~ this Mwtgsge, a ta fo~eclose it, or to refwm it, or fo enforce payment of any claims he~eunder, said MORTGAGEE sAatl apply to the Couit having jur~sd~dion ~hereof for the appomtment of • Receiver, such Court shall Forthwith appoint a receiver of said mortgaged property all and singular, includ~ng all and singular ~he income, prol~ts, issues and revenues from whatever so~rce derived, each and every of whrch, it being expressly understood, is hereby mw~gaged as if spcc~fically set Jwth.and deuribed in the granting and habendum clauses hereof, and such Receiver shall have all the broad and effective fvncnons and powers in anywise entrusted by a Cou~t to a Receiver, and ch appointment shalt be made by such Court as an admitted equity and a matre~ oi absolute right to said MORTGAGEE, and withouf reference to the adequacy o~ inadequscy of the value of the property mortgsged or to the solvency w insolvency of said MORTGAGOR a the defendants, and that such renrs, profin, incorrce, issues and revenues shall be applied by such Receiver accord~ng to the lien a equity of wid MORTGAGEE and the practice of such Court. 8. To dufy, promptly snd fully pe?form, discharge, execute, effect, complete, comply with and abide by each and every the stipulations, agreements, :onditions and covenants in u~d promissory note and this mortgsge set fwtfi. 9. That in the event the. ownership of the mortgagcd premises, or any part thercof, becomes vested in s perwn other than the MORTGAGOR, the M.ORTGAGEE, its succeuws and ass'~gns, msy, without notice to the MORTGAOR, deal with such successor o~ successor in interest w~rh ~efere~ce to this R,o•rgage and the deb~ hereby secured in the same manner ~s with Mortgagw without in any way vit~ating or d~scharging the Mor~gagors' liability herr u~der w upon the debt hereby secured. No ssle of the premius hereby mwtg~ged and no twbearonce on the part of the MORTGAGEE o? its successors or ass~gns and no extens'wn of the time for the payment of the debt he?eby secu?ed yiven by Ihe MORTGAGEE or its succeuors or auigns, ahal~ operate ; ro releax, d~scharge, rnodify thange or affett the c--iginal liability of the MORTGAGOR herein, eitt~er in whole or in ~,ar~. 10. It is specifically agreed that time is of the essence of this contratl snd that no waiver of any obligation hereunder or of the obligation se- c~red hereby shall at any time thereafter be held to be a waiver of the terms hereof w of the instrument secured herby. 11. In add~tion to the forego:~g monthly payments of princ:pal and interesf required by the promissory note secured hereby, mortgagor covenants acd agrees ro pay to mortgagee with each momhly paymeM an add~rional sum estimated by mortgagee to be equal to 1%12 of the annual cost of the folbw- ~ ~,g: A-AII real prope.ty taxes levied or assessed against the above deuribed real estate_ B-Pren:iums o~ fi~e and windstorm insurance as herein requ~red fo be carried on the improveme~ts situate on the above dtscribed premises. C-Premiums on such mortgage guaranty insurance as mortgagee shall from time to time deem fit to carry on the loan secured he~eby_ Mortgagee sfiall from time to time notify mortgagor i~ writing of the amount due and payabte hereunder and such sum shall thereupon be due and ;~yable on the due date of the next monthly payment and each successive month thereafter ur.til mortgagee shall notify mortgagor of a change in such _-:ount. Such sums shail be applied by mortgagee toward the payment of real property taxes, insurance prem:ums, and mwtgage guaranty insurance n~emiums. ' IN Y~ITNESS WHEREOf, the said MORTGAGOR has hereunto set his har.d and seal the day and ~ar first aforeuid. ~ Sign Seated and delivered in t presence of: ? ~ ~ ~(.f,( . r ~ah ~ - (Sesl) ~ . ~ Seai) ~ In z . Pla cs~ap i S SiATE OF FLORIOA ~ ~~UNTY OF Sti. L11C~@ ~ SS_ c ~ Rudolf J Pla rt Before me penonally appeared • p~ and ~ Inqp,~~9 S. Pla,~nert his wife, to me well known snd known to me to be ~ the individuals deuribed in and who executed the foregoing instrument, and acknowledged btfwe me that they executed the same ior the purposes s ~he~ein expressed. Md the said Inaeborq B• Plappert ~ _ ' +~~fe of the said Rudolf .J• P18P~It ,,upon s.aFpa~ate~,and private ' e~aminarion by me taken separate and apart from her said husba~d, acknowledged to end before me that she exeaJled said instrument•freeFy"~nd rolun- y ranly a~d without aoy compulsion, consfraint, appre ion, w fear of w from her said husband. . ' ~ ' ff WITNESS my hand and official seal thi ~ day of ~ FebYUa - A: p, -19 73 3 . .3 T ~ ! wi y~ ' ~ _ - , _ . - L~~ 1 l - _ Notary Public in and for -t1i~e~te ~ I~ida ~it, la~e: My Commission e:pires: . - = ` Y a~f~.~ To: rrxnx~~e@~+s:~sV~ ~ 1~~~~t;n a tr~; ~C ~ Fint Federal Savings 3 toan Associat~on MY rE5'•'~~;~'~ ey` SE~T. 25. i9Js ~f FOf~ P~erte. ~p~QgQ ~'~'~nt~ ~r,icers ins~:a~~ V0~ ~ Fort Pierce, Florida . ~~U ~hv NEGORDED _ = This Instrument P~epared By Richard K. Kayes ~1 ~~I[ ti.~~wTY FLA- t " First Federai Savings & Loan Association apC~ r ~~.TRAS ' of Fort Pierce , Florida ~~faK COUR7 Rvr.r?R~~ Y= ~~ED Checked By ~ fE8 , 3 1 O 16 aM 3 f~ { ` p ~~~K 2~0 PA~F 2853 y - 24`7'~713 ~ ~ i~ . ~iR`. ~ ~ Y i r? ~ ~~3 . , _ , _ w.r.~. .y. 4c~'~