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Home My WebLink About1093 3. To pt~c~ ~nd co~tinuovsty keep on ~ha b~i!d~nps now a h~r~a(ta ?itwt~ a+ said land and on ~II equipn~nt a~d pt~wn~ily cove~ed by this ma1~ +p~, with ~II pr~mivmi therew~ patd in full, G~e insuranc~ in th~ vswl ~unda~d posicy form, in a wm ap{xoved by th~ MORiGAGEE, and w~nds~o?m insw~~c~ G? ~M u~u~l ~~andard pol~cy fam. in ~ ium approv~d ay ~!w MOR~GAGEF, M avch company w compa~ie~ ~s th~ MORIGAGEE m~y dinclj and all tir~ ~nd wind~to~m iryuranc~ policie~ on u?y of 3aid Iwild~np~, ~oy IMtrp1 Ihtr~i~ w pa~t therco}, ~ IF» apq~ep~t~ tum ~fw~said a In ~xcess ~he~eof, ~MII conuie~ tM uswl ~eandard ma~y+~ clavs~ a such oNw~ c1~~~ ~s ~M Morty~gN may rpv~r~. makinq rhs losi unda sa~d polF cies, aach and ~very, payab~~ to iaid MORIGAGEE ~s ~t~ imcre~t may appea?, and cath and eve~y such pol~cy shall be promp~iy ass yncd ~nd del~vered to any held by sa~d N10RTGAGEE ~s further seturity to said mortp~ge debt, and, not ku than ten (101 dayt i~ ~dvanca o( the expiratioo of each policy, to dr IivK to s~id MORiGAGEE • rt~ewai thaeof, to~ether wirh a ret~ipt fo? tM p~ern;um of suth renewalj a~d thert shall be no f~re o~ winds~orm insvrance plK~d on ~ny of said buildings, any interesl Ihcrei~ or p~rt thereof, vnleu in th~ (am ~nd with 1he loss payabl~ as ~foresaid; and in tM ev~nt any sum of monty becpr~et payable under ~uch policy or potKiss taid MORTGAGEE ~hall !?~w tM oplion ro receive and apply the tame on acco~nl of the indrbted- ++eu secu?ed iKaeby a ro permit ssid MORTGAGORS ro reteire and us~ it w any part thercol lor otnc~ purposes, w+~hout thar..u,r wai~ing or ~mpa~r- inq ~ny equity, lien w right unde? w by virtw of ~his mo:syage; and in the tve~t a~d MORTGAGORS shall fo~ any reason fail to keep the said p~emisas so insu~ed, or isif ro deliver p~omptly a~y of taid policies of insurance to said MORTGAGEE, or fail promptly to pay fully any prem~um therefor w in any respetl fail ro perfwm, discharge, execute, effect, complete, comply wi?A and sbide by this tovenant, a any part hereof, said MORTGAGEE msy plece and paY fw tuch insurance w any part thereof withouf waiving w ~ifectirg ~ny oplion, lien, eqvity, or righl unde~ w by virtue of this Mortgage, and tF?e lull amounl of esch ~nd every such payment shap be immediately due ~nd payable and shall bear intcrest from ths date the~eof unril paid at the rate ol nine ps~ centum per annum and together with such interest shall be secvrtd by the lien of thii mortgsge. 1. To permit, tOmmit or suffer no waste, impairrtxnt or deterioration of said property w any part the~eof. S. To pay all aod singvlar tix costs, charges and experues, inctuding a reasortable +ttaney i fee snd costs of abstracts of title, incvrred or paid at _ any time by said MORTGAGfE, because o~ in the eve~t of the failure on tFa part of ihe ssid MORTGAGOR to duly, promptly a~d fully perfwm, d~xharge. execute, eftect, complete, comply with and ~5:de by each and every the stipulations, agreements, ca?ditiau, and mvenanrs of said promissoay note and ~hw mortgage any or either, and said costs, charges and expenses, each a~d every, shall be immedi~tely due and payable; whether or not there be notice d~ mand, attempt to collect w suit pending; and ths full amouM of esch and every such payment ~hall bear interest from the d~te thereof until psid at the rate of nine per centum per an~~um; and all said costs, charges and expenses incurred a paid, togeJher with suth intereat, shall be setured by the lien of this ! mwtgage. 6. Thst (a) in the event of any breach of this Mortgage w default r+n the part oi the MORTOAGOR, w(b) in the event any of said sums of money hrrein roferred to be oot promptly and fvlly paid within th~rty (30) days next after the sams sev~va!!y become due and payable, without demand or notice. or (c) in the event each and every the stipula~io~s, agreements, conditions and covenants o} sa~d promiuory note and th~s mortgage any w either are no1 ~viy, promptly and fully perfwmed, d~scharged, execu~ed, effMed, completed, compl~ed with and abided by, then in either or any such event the said ag gregate wm mentioned in said promiuory note 1F~en remaining unpaid, with iroerest accrued, and all mo~eys secured hereby, ~ha~l Ixcome due and pay- abte forthwith, or thereafter, at the option of said MORTGAGEE, as fully and completely as if all of the said sums of money were wiginally sttputated to be paid on such day, anything in said promissory note u in this Mwtgage to the contrary notwi~hstandirg; and thereupon w thereafta al the op~~on of said MORTGAGEE, without notice or demand, suit at law or i~ equity, therefore w thereafter begun, may be ptosecuted as if all moneys secured hereby had rr~atured pnor to iri institution. 7• That in 1he event that at the beginnirg of or at any time pe~ding any suif upon this Mortgage, a fo fweclose iL w fo reform it, w to enfwce payment of any claims h~veundrr, said MORTGAGEE shell apply to the Gourt having juri~diction thereof for the appointment of s Receiver, such Covn shall Forthwith appoint a receiver of uid mortgaged property all and singvlar, includ~ng all a~d s~ngular the income, proi~ts, iuues sad rerenues irom whatever ' sovrce derived, each and every-of wh~ch, if be;ng expreuly' understood, is hereby ma~gaged as if spec~fically tet forth and described in the granting and i habendum clauses hereof, and suth Reteiver sFWll have a~l the broad and effeqive funct~ons and powe?s in anywise emrusted by a Court to s Receiver, and ~ :~ch appointment shalt be made by such Court aa sn admitted equity and a matter of absolute right to sa;d MOR7GAGEE, and without reference to tha s adequaq or inadequacy of the vaiue of the prope~ty mortgaged or fo tFx solvency or insolvency of said MORTGAGOR a the defendants, and ~hat such ` rems, profits, income, iuues and re~enuts shall be applied by such Receiver accwding to the lien w equity of said MORiGAGEf and the practice of such f Court. 8. To duly, promptly and fully perform; discharge, execute, effect, complete, comply with and abide by each and every the stipulations, agreements, cond~tioro and covenants in sald promissay note and this mortgagq set forth. 9. That in the event the ownership of the mortgaged premises, or any part thereof, becomes vested in a person ofher tha~ the MOkiGAGOR, the MORTGAGEE, its successas and ass;gns, may, wifhout notice to the MORTGAOR, deal with such successw or successw in interest with reference to ihis mortgage and the debt hereby secured in the same manner as with Mortgagor wiihout in any way vitiating or dixharging the Mortgagors' liability he?e- under or upon the debt hereby secured. (Yo sale of the premises hereby mortgaged and no fwbearance on the part of the MORTGAGEE or its successors or assigns and no extension of the time for the payment of the debt hereby secured given by the MORTGAGEE or its succeuora w auigns, .hall operate to release, discharge, modify thange or affect the original liability of the MOQTGAGOR herein, either in whtsle w in pa~t. 10. It is specifically agreed that time is of the essence of this contract and that no waiver of any obl~gat~on hereunder or of the obligatan se- ~ cured hereby shaH at any time thereafter be held to be a waiver of the terms hereof or of the instrument se~ured herby, f 11. In addition to the fwego:ng monthly paym~nts of princ'pal and interest ~equ~red by the promissory note secured hereby, mortgagor tovenants and agrees to pay to mortgagee with each monthly payr,zent an addi~ional sum est~mated by mortgagee fo be equai to 1% 12 of the annual cosf of the foliow- ing: A-All real property taxrs levied or assessed agaihst the above described real estate. B-Premiums on fire and wir.dstorm insurance as here~n requ~red to be carried on the improvements situate on the above described premises. C-Premiums on such mutgage guaranty ir.surar,ce as mortgagee shati from r;me to time deem fit to carry on the ban secvred hereby. Mortgagee shal! from time to time notify mortgago~ in writing of the amount due and payable hereundrr and such sum shall thereupon be d~e and Fayable 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 amovM. Such sums shail be applied by mortgagee toward the payment of reat property faxes, insvrarxe prem:ums, a,x! mortgage guaranty insurance premiums. . IN WITNE55 WHEREOF, the said MORIGAGOR has hereunto set his hand and seal the day a y r first aforesai ~ ' ned, Sealed and deliver in the prexnce of: - s~ 111211~ N t[1 at1= (SesO s~n - ~ Birnbaum ,q ; t STATE Of FIORIDA • ~ COUNTY OF St_ LuG?e ~ ~ , Befwe me personally appeared - Wil1i ~ j~j. Birnbaua i and ~1Y1118 Birnbaus his wiie, to me wetl known and krawn to me to be the individvals described in and w1w executed the foregoing instrument, and acknowledged befwe me that they executed the same fw the purposes therein expressed. And the sa~d ~1 11~5 BllIl~lla wffe of the said Wlll~a''l~ N. B~Ztl~ll~ upon a sepa.ate and privsts examinatwn by me taken xparate and apart from her said husband, atknowl nd befwe me that she executed ssid instrument freely and volurr ra,~ly and w'~thout any compulsion, constraint, appre , w~ of w f her said sband. WITNESS my hand and official seal thi day;of A. D. 19 7 1 ~ Notary Public in and for the State of Fbrida 4ft~lll~l;;k € My Commiuion expires: ~~~f.,~ ~ ~ ~Ivrn 70: • ` ~ Fint Federa) Sa~~irgs a loan Association - " • . ,~~%+l~,i . . v'' Of Fort P;erce. ' _ ~ Yo~ ' ~ . ~ fort Pierce. Florida 250s44 ~ - y -'s, :i.~:.ti}`'.at ' ~ ~ ' • ' = ~ ~ ~ ~ ~ - = i~~ O v ` Il[0 AND Il[C~Ra~~ . ; ~ ~ ~ This Instrument Prepared By J.H. Robett8~T.lUCfE COUN Y f . I' : First Federa) Sav+n s 8 Loan Association ROGfR POITRAS ~ J~ 9 CIERK C!RCUIT COURT ~ . ~ of Fort Pierce~ Flozida ~~n:; ~ ~ - RECORa VEA~FIEO~--- ,w~~~•' Checked By ~ Zj q~1 PM •z3 ~ / 0 93 ~ eoac212 ~10~.' ~Z ~ . - - -