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Home My WebLink About0968 9. To plx~ and cont~nup,sly keep pn the bv~:d~ng~ no~.v w heres(ts~ f~tvats on said land a~d on ~II equ~pment ~nd pe?tonally <overed by thit ma1p~ p~, with dl p~em~ur?u thercon pa~d in full, I~re insvrance ~n tM usual s~anda~d policy twm. in ~ su~n •pprovad by ~he MOR(GAGEE, +~~d wind~tam insw~nct in ~he usual s~a~dard por•cy iwm, in a ~um approved by ~M MORTGAGff, in tuch company a cwnpanies ~t tM MORTGAGEE may d~?~cfs and all fir~ u~d w~nda~orm i~ivranc~ polK~es o~ any oi aa~d bwld~nqs, ~ny iniere~~ thete~~ o~ pa.t ~hrr~oi, in tM ~qq~e9att ~wn afpreiaid ot in ~:ceu MereoL shall conuin ths uswl sfa~dard ma~ga9~e clause or such o~ha clav~s a ~M Ma~yagae may rcqv~r~, ma?inp the loss urde~ wrd pol~ ci~s, each and eve~y, payabte ro ~aid MORiGAGEE a~ ;t~ inierest may ~ppear, and e~ch and eve.y iuc6 policy ihall be prompUy au.yned +nd delivercd to ~ny hald by iaid MORIGAGEE as funher security to s~id mwtgage debt, and, no~ leu ~Mn le~ (10) dayi in ~dvance o( the expi~a~~on oF each potiq, Io d~- GvM ro said MORTGAGEE ~ rs.~ewal ~tierwf, ~opeeMr wi~h a rKeipf fw the premium of ~ucl~ ronewal; snd ~here ~hall bs no f~re or winds~orm insuranc~ plaqd on any of sa~d build~ngs, any interest 1hae~n or par~ thersof, unleu in tFN form ~nd with ths loss payabl~ as afwesaid; and in tM event a~y :~m of morNy pecorr,et payable under s~+ch policy w pol~cies said MORiGAGEE shall Mve tfis opt~on ~o receive and apply the ume on account of tM indeb~ed- neu ~ecwed Ar.eby cv ro peim;t ss;d MORTGAGORS to receive and uss it w any part thereof tor o:her purpoies, v.:~hout th:r~b~ wa~~i~~g or n„pa~r irq any aq~ity, 11en a right uoder or by virtue of this mo:tgage; ~nd in the event ia~d 1NORTGAGORS ihall fa any reason fai) to kecp the s+id {xemisrs w insured, a fail b deliver promplly any of said policies oF insurancs to said MORIGAGEE, a fa;l promptly 1o pay fully any pre~n;u~n therefa w in any ~~spect fail a ptrfo~m, d~scharge, execute, effect, complete, comply wi~h and ~bide by this covenant, a any parf hereof, ssid MORiGAGEE may pl~ce ane pay fw such Insurarue a any part thereo( wilhout waiving or affectinp any option, lien,'equ;ty, or right under or by virtve of fhis Matgage, and the full amount of sach and eveiy such paymem shall be immediately dve and payabla ~nd shall bear interesl irom the date thereof un~il paid at the rate ol nine per centum y~e~ annum and togeihe~ with such interest shali be secured by the lie~ of this mortgay~e. t. To permit, commit w suffer no waste, imp~irment or deferioration of aaid property o~ any part thereof. S. To pay all and singular the cosb, chargq and expenses, inctuding a reasonable afto?ney's fee and costa of abstracts oI title, incurred o? paid at any time by said MORTGAG:E, because or in the evcnt of the failure on the part of Ihe said MORiGAGOR to duly, promptly snd fully periorm, d~xharge. execute, effM, complete, comply w~th and ab~de by each snd every tF+e ~tipulations, agreements, conditions, and covenants of said prom~ssory note and thii mor?yage any or e~rher, and sa+d co~rs, cha~ges and eapenses, each and eve?y, shsll be immed;ate~y due and payable; whether a not there be ~otice do- mand, atttmpt to colkct o~ suit pend~~g; and Ihe full amount of each and every such payr~enl shall bear interes~ from ~he date thereof unti~ paid at the rate of nine per centum per annum; and all said costs, charges and e~penses irxurred w paid, togethe~ w~1h such interest, shall 6e secured by the lien of this mortpay~. 6. Th~t (a) in the event of any breach of this Mortgage or defa~lr on the part of the MORTGAGOR, or (b) in the event any of satd sums of money hrein reterred to be not promptly and fulty paid within thirty (30) days next after the ~same severally become due and payable, without demand o~ nofice, ~ or (c) in the event each and every the st~pu:ations, agrecments, condltions and covenants of sa:d promissory note and th~s mortgage any or either are not iuly, promPlly snd ful~y performed, d~scharged, executed, effected, completed, compi~ed with end abided by, then in e~tAer or any such event the said ag- t gregate wm menrioned in said promiuory note rhen remaining unpaid, with interest accrued, and all moneys secured hereby, shall become due and pay- i able futhwitA, or thereafter, at the op~ion of said MORTGAGEE, as fvlly and complete~y as ii all of the said wms of money were w~ginally it~pulated lo be pa~d on such day, anything in sa:d promisswy note w in this Mortgage fo the contrary notwirhsranding; and therevpon a thercahe~ at the optioa pf sa~d MORTGAGEE, without notice w demand, s~it at I~w w in equity, therefwe w theteaiter begun, may be prosecuted as if all moneys secured hereby had matwed prwr to its institution. 7. ihar ;n the event that at the beginning of or at any time pending any suit upon this Mortgage, o? to foreclose it, a to reform it, or to enforce payment of any claims hereunder, said MORTGAGEE shall apply to the Court having jurisd~ction thereof for the appointmenl of a Receiver, such Coun shall forthwith appoint a ~eceiver of said mortgaged property al~ and sing~lar, includ~ng all and singular the income, profds, issues and revenues irom whatevt~ cource derived, exh and every of wh~ch, it be;ng expressly understood, is hereby mor~gaged as ii speufically xt forth and described in the granting and habendum clauses hereof, and such Receiver shall have all the b?oad and effective funct~ons and powers in anywise entrusted by a Court to a Receiver, and soch appointment shatl be made 6y such Court as an admitted equiry and a rt+atter of absolute r~ght t~ said MORTGAGEE, and without reference to the adequacy or inadcquaq oi the valve of the properry mwtgaged or to the sorventy w insoivency o( said MORTGAGOR or the defendams, and that such rents, profits, income, issues and revenues shall be applied by suth Receiver accord~ng to the lien or equity of said MORTGAGEE and the pracfice of such CouR. 8. To duly, promptly and fully perform, d~scharge, execute, effecl, complete, comply wi~h and abide by each a~d evcry the stipulations, agreements, conditam and covenams in sa~d promissory oote and this mortgage set fo~th. 9_ That in the event the owne~ship of the mortgaged premises, or any part tF+ereof, 6ecomes vesfed in a person other than the MOR7GAGOR, the ~lOR7GAGEf, e~s suctessors and ass;gns, may, without no~ice to the MORTGAOR, deal with such succeuw or successor in interest with reference to this mor~gage and the debt hereby setured in the same manner as with Mongagor without in any way vifiating or d~scharging the Nlortgagori liabitity herr under w upon the debt hereny secured. No sale of fhe premises hereby mortgaged and r+o forbearance on the paq of the MORiGAGEE w its successws or assgns and no extens~on of the time for tl~e payment of the debt hereby secured give~ by the MORTGAGEE or its successors or auegns, ahall operate to refease, d~scharge, modify cha~ge or affect the orig;nal liab;tity of the AM1ORiGAGOR herein, either in whole or in part. 10. It is speuficalty agreed that t~me is of the e:sence of this contract and rhat no waiver of any obligaf~on hereunder or of tF~e ob)igation ar cured FKreby sha11 at any time +hereafter be hE:d to be a waiver of the terms hereof or of the instrument secured herby. 11. In add~t~on to the forego:ng month!y paymems of princ'pal and intereit ~equ~red by the promissory note secured hereby, mortgagor covenants and agree3 to pay ro m.o-tgagee with each monrhly pay~,ent an add~rional s~m estimated by mortgagee to be equal to 1/12 of the annual cost of the Iollow- ~ng: A-All real property taxes levie~ or assessed against thc above descrihed real estate. B-Prem:ums on f~re and vi~ndstorm inw~ar.ce as here~n requ~red fo be tarried o~ the improvemen~s situate on the above d~scribed premizes. C-Premiums on such mwtg~ge guaranty insurar,~e as mortgagee shafl from rme to ti~ne deem fit to carry on the ba~ secured hereby. Mtortgagee sha?i from rime to t~~~e notify mortyago~ in writing of the amount due and payable hereundrr and such sum shall thereupon be due and Fayable on the due date of the next monthly paymen! and each successive mo~th thereaiter urtil mortgagee all notif a9or of a charge in such a^~o~nt. $uch sums sF aii be applied by mortgagee toward the payment of real property taxes, insurance :ums, nd mor)qage guaranfy insurance p~emiums. ~ IN Y~ITNESS 'NHEREOF, the said MORTGAGOR has hereunto set his haod and seal , day 4r~i e r first afore " ned, Sealed and delivered in the presence of: ' - \ ` _ -rc c. ~ i. ~ e G White sn . ' e . White ~,i~ ~ STATE OF FIORIDA ~ COUNTY OF St. Lucie ~ Before me personaHy appeared Henry G• ~11t@ , end June E• ~'llt his wife, to me well known and known to me to bs thc individuals described in and who executed the fwegoing instrumeM, and ackrwwledged before me that they executed the same fw the purpcnes fherei~ expressed. And the said .T1111P_ ~'17 t'(s w~te of the sa~d - HBt17"\7 (i. ~17 tP upon a„~sA~fe afid private exam~nat~on by me take~ separate and apart from he aid h atknowtedged to and before rr.e that she executed said insinkthept fregly,,~ vd~rr rar;Iy and w7thout ~ny compubion, constraint, aPA< i ~,of or f id husband. WITNESS my hand and offic;al seal this ~ of ~ p;•~9}~ . ' T. • - i. . Notary Public in and for the , tate of Floridd il rps~- ~ My Commiuion expires: ~ : f1, ~ ' . Return To: - - First Federal Savings b Loan Association Of Fort P;er~e_ MOTARY PUBL~C, STATE ot FIQRIDA at LAR1'it Fort P~erce. Fbrida MY OpMMISSION D(PIRES IAM. 7;' 1977 . 8on6e0 Br Amerian Binkers Inwnnce C4 jj~EO ANO RfC0R0`~ 1~ ~ This Instrument Prepared 8y J. N. Roberts, Jr. i~•LUCIECQUMTYE' ~ First Federa! Savings & Loan Association Ctf KCCtACU1T COUAT ~ of Fort Pierce Florida R!?CORD vEa1F~E0 ~ ~h~k~ BY I~iut 11 IO 1z ~•?3 BooK 212 PAGE 968 2soss1 . - _ - - - _ _ _ _ ~ . . $