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Home My WebLink About0964 3. To placa a~d co~tinuoutty keep on ths bui!d~ngs now a l~eres(t~r ~ituale on ~aid land and o~ ~11 equip~~ent ~nd peryo~ally cove~sd by Ihis mw?y- p~, With ~11 p~emiumf the~con pa~d in tull, lire insur~nce in Ihs ufual t~ardard policy 1wm, in a 1um app~ov~d by Ihe MOR~GAGEE, and windslam insuranc~ In tM usw! s+andard pol~cy Iwm, in a sum approrad by tM MORTGItGEF, in such canpany o~ companies si ~M MORTGAGEE may d'u~ctj ~nd all (Ir~ ~nd w~ndsform insvr~~c~ policros on ~ny of s~~d buitd~np~, ~ny Interest UKre~n or part thereof, in the a99reya~~ ium ~fwe~aid w in ~xctu IMraof, ihall coniain the usval i~andard mat~a9a~ clauat u ~uch o~he~ dauw as tM Mwlyagea may requ~r~, makinp +hs lot~ vadsv si~d pol~ cia, each ~nd ~very, payable ro said MORIGAGEE as iti interes~ may appea~, and each ~nd every such poticy ihall be promptty au gned u+d da~ivered ~o •ny held by u~d MORTGAGEE +s turther ~ecurity Io said matgaqe dcbt, a~d, not leu ~han te~ (10) days in sdvance of 1he expiration of each policy, to dr IivN b ~aid MORTGAGEE • rsnew+i ~f~ereoi, toge~!»r with a receipt fw the premium of such renewal; and ~hers thall be no i~?e or windsrorm insu~+nc~ p~~cad on ~~y of said buildinyi, ~ny iMeresl thtr~in or pa~t ~hercof, unleu in tM fam ~nd with tM lost payable as afaesaid; and in the event any ~um of money becanes payable under such poliq w policias iaid MORiGAGEE shall have ths option lo receive and apply tAa same on accounl 01 the Indabled- ~ ~ ne~f fKUred he?eby w?o permit said MORTGAGORS fo receiw and uft it p any parl thereol for othcr purposes, wi~hout ~har~o~ .vaivin~ o~ mipair• • ing +ny aquity, lien w righ~ under a by virlue of this mor:yage; snd in tM event u~d MORTGAGORS shall fw any reason fai) to keep the said premisrs so insvred, p fail b deliver promptly ~~y of taid policies of insurancs to wid MORIGAGEE, w fail promptly to pay f~lly any premium therefor w in any r~ipeN fsil 1o petfwm, d~scharge, execute, effecl. somple~e, comply with and abide by this covenant, or any part he~eoi, seid MORTGAGEE may pl~ce and pay fa such insu~ance o~ +ny pa~f thereof wi~hout waiving p sifeding a~y option, tien, equity, o~ righr undtr a by vi.tve of this Matgage, and the tvll amounl of esch and eve~y ~uch paymen~ sFwll be immediately due ~nd payabls ~nd shall bea. in~eres~ from ths date thereof u~t~l pa~d at the ~ate ol nine pe~ centum per annum and to~ether witA such interest shall be setured by the lien of this mortgage. To permit, commit or suffer no wasts, impairment or dete~ioration of said property or any part thereof. 5. To pay all and singular the costs, charges ~nd expenses, including s reesonable ettorney ~ fee and costi of absrrans of ti11e, incur?ed a paid at any time by said MORTGAGfE, because w in the event of the failure on the part of 1he said MORTGAGOR to duly, promptly a~x! fully pe~form, d~stharge, execute, ef(ect, complets, comply with and ab;de by each and every 1he ~tipulationa, sgreements, conditions, and covenants of seid promiswry no~e and this mortyage any o~ ei~her, arxJ eaid costs, charges and exper?ses, e+ch and every, ahall be immediately due and payable; whethe~ or not tlKre be notice do- mand, atlempt to rnllecl or suit pencl~ngj and the full amount of each and every such paymem shall bea~ interesl f:om the date Ihereof until paid af .fhe rate of nine per centum Fer annum; and ail said costs, charges and expenses inc~rred or paid, together w,th such interest, shall ba setured by 1he tieo of this matpagt. ' 6. Thst (s) in the event of any breach of this Mortgage or deiault on the part of the MORTGAGOR, w(b) in the event any of said swns of money hereio referred to be not promptty and fully paid within thi~ty (30) days ~ext after 1he same severaNy becortx due and payable, without demand ar notice, or (c~ in the evem each and every the at~puta~ions, agreements, co~d~tions and covenants of u~d promiswry note and th~s mor?gage any w ei~her ara nof iuly, promptly and fully perFormed, d~xharged, exec~ted, effected, compkted, compl~ed with and abided Sy, then in either w any svch event the said ag gregate sum mentioned in said promissory note lhtn remaining unpaid, with interest atcrued, and all moneys setured hereby, shall become due and pay- able fo~thwith, a ihe~eafter, at ihe opt~on of said MORTGAGEE, as fully and completely as if all ot the said sums oi money were a~ginally sripulated ~o be pa~d on such day, anything in sa:d promtssory note w in this Mwtgage to the conerary notwi~hstand;ng; and thereupon or thereafte~ at the op~ion of said MORTGAGEE, without notice w demand, suit at law or in equity, therefore or thereafter begun, may be proseculed ss if all moneys secured hereby had maWr~d prlor to ita institution. 7. That in the event that at the beginning of or af any time pendi~g any suit upon rhis Mortgage, a to fo~eclose Ft, or to reform it, or to enforce payment of any ctaims he~eunder, said MORTGAGEE shal! apply to the Court having jurisdiction thereo4 for the appointment of a Reteiver, such Courf shafl iorthwith ippoint a receiver ol said mwtgaged property all aod singula~, irxlud~ng all and singular the income, prof~~s, issues antf revenues f~om whatever source derived, each and every of wh;cl?, it being expreu)y understood, is hereby mortgaged as if speu(ically set fath and described iw the g~anti~g and habendum cla~ses hereof, artd suth Receiver shall hive all the broad and elfective funct~ons and powe~s in anywise entrusted by a Court to a Receiver, and :~ch appointment shall be made bY such Cour? as an admitted eq~ity and a matter of absolure ~ighf to sa;d MORTGAGEE, and without reference to the adequaty or inadequacy of Ihe value of the property mortgaged or ta the sotvency or insolvency oi said MORTGAGOR w the defendanb, and that such ren~s, profits, incane, iuues and revenues shall be appl~ed by svch Receive~ accwding to the tien w equity of said MORTGAGEE and the practice of such Coutt. - 8. To duly, promptly and fully pNform, discharge, execute, effect, complete, comply with and abide by each and every the stipulations, agreements, conditions and covenants in said promiasory note and this mortgage set forth_ 9. Thaf in the event the ownership of the mortgaged premises, oc any part thereof, becemes vested in a perwn other fha~ the MORTGAGOR, the h1pRTGAGEF, irs successws and assigns, may, withwit notice to the MORTGAOR, deal with such successa or successor in interest with reference to this mortgage and the debt hereby secured in the same manner as with Mortgagor without in any way viiiating or dixharging the Mortgagors' IiabiGty herr u~de? or upon the debt hereby secured. No :a:e of the p~amises he~eby mortgaged and no fwbearance on the part of ~he MORTGAGEE w its successors or assigns and no eatens~on oi the eime for the paymem of the debt hereby secured given by the MORiGAGEE or its wccessors or auigns, ahall operate to release, d~scharge, modify change or afiect the original liability of the AM1ORTGAGOR he?ein, either in whole or in pari. 10. It is specificaqy agreed that time is of the essetxe of this contract and thaf no waiver of any obligation be?eunder or of fhe obligat'an se- cvred hereby sha11 at any time thereafter be held to be a waiver of the terms hereof w of the instrumeN secured herby. I1. In add~tio~' ta the fwego:n~ monthly paymeMS of princ pa{ and interest required by the p~omissory nore secured hereby, mortgagor covenants and agrees to pay to mortgagee wnh ea~h momh(y payrnent an adduionat sum es~fma~ed by mortgagee to be equal to 1 j 12 0{ rhe aenual cost of fhe follow- fng, A-All real property taxes levied or assessed agai~~st the above described reat estate. B-Premiums on i~re and windstorm insurance as herein requ:red to be carried on the improveme~ts situate on the above described premises. C-Premiums on such mortgage guaranty ir.s~rar,ce as mortgaga_~ shail from t~me to ti~ne deem fit fo carry on the loan secured hereby. Mortgagee shaf! from rirne !o Time narify mortgagor in writing of the amount due and payable he?eunder and svch sum shal{ thereupon be due and payable on the due date of the neat moroh:y payment and each successive month thereafter ur,tit mortgagee shall notify mortgagor of a change in such amount. $uch sums sFail be appiied by mortgagee toward 1he payment of reat property taxes, insurance prem;ums, and mortgage guaranty insurance premiums. _ IN Y~tTNESS YfHEREOF, the said MORTGAC,pR has hereunto set his hand and seal the day a y r first aforesaid ~Signed, Seated and delivered in the presence of: ~ ~n aY'd C a4 ~ .ti/ cseaq _ ~/@ ~J• $f~t~1 (Sea4 ~ STATE OF f[ORIOA ~ ~ COUNTY OF - St. j.UC~@ " Befwe me personally appeared Howard C• ~1t~1 a~ ! ' ~ gV@l'~/[I .~itb his wife, to me well known end ~known to me to be E the individuals described in and who executed the foregoirg instrument, and ac ledged befwe me that they executed H?e ~ sarne • fw,.t~e purposes ~ . - s.?el S, s.~iti 1 ~g therein expressed. And the sa':d ~ - : • • • . f wife of the said HONeYd C• Ss~t~l upon,~'~epara~~and_priv~te ~ examination by me taken separate and apart from her said husband, acknowtedged to and before me that she executed s trcimenffh aM volvm ! rarily and without any compulsion, constraint, apprehension, or fear of or from her said husband. f~ : ~ j y WITNESS my hand and offic;al seal this 23rd day of ~Y % ~~}~,.~'J 73 i L~ ' ~ v - ° e. N ary Public in and for he Statb of~~biTda~ittarge ~ My Commission expires• ~ a, i~7S ! Retum To: - t~. . , ? First Fedeql Savings b toan Association E Of Furt P~erce. f t Fori G~rrce, florida t , ; f lE0 AMD AECpROE - , _ ROCER P4ITRA5 ~ ~ ~ ; ' ~ This Instrument Pre ared B ' P Y J. H. Roberts, Jr. CIERK CiRCU~T COURt s F+rst Federal Savings & loan Association REC!!R~ YER~f1E0 ! of Fort Pierce FlOY 3da ` ~ ~ ~ Z7 I~ 12 # Checked By + ~ o R ~ 254559 eooK 212 PACE 964 _ ~ _ - - - - - , ~ . ~ ~