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Home My WebLink About1352 7. To plsce and com~n~ously kecp on the bui'J~nps now or h~reetter ~it~ale on sa~d land ~nd oo a~~ equipmment and perionalty tovercd by lhii malp- ~ge, w~th aU premiumt .thrreon pa~d in lull, tire inivrance in the uwal •laoda+d pot~cy fwm, in ~ wm approved by ths MOR~GAGFE, a~d windstorm imwante in the usval ~randard pol.cy lam, in a sum approved by IM MORiGAGEE, in tuch compu+y w tanpan;e~ as ~M MORTGAGEE may directj and all (ire a~~d w~ndswrm inswance polK~ef on any ot ia~d build~nqs, ~ny intera~t there~~ or p+?~ ~he~eo~, in tlw aypreya~e sum sfu~taid w in ~xctu thereof, shall corosin the usu~t standard matga9ee tlause a such otha clauss u th~ Mw~yage~ may requ~r~, makinp ~he loss under ta~d poli~ cies, each ~nd every, payable ~o uid MORTGAGEE as its inrere~l may appear, and each and eve~y such policy ihall be promptty ass 9ned and delivcred ~o •ny held by said MORTGAGEE as (ur?he~ security to said mwtgage debt, and, no1 leu /Mn ten (1Q) days in advanct o1 ths expir~lion o1 each policy, to dt 1evN to said MORTGAGEE a renewal thereoi, Io9slhe~ with a rete~pl fw the premium oi such renewal; and ~hert shall be np 6re o~ windalorm insu~ance pl~ced on any of said buitdings, any interest therein or part the~eof, unleu in tF?~ fam and wilh the losa p~yable as afwesaid; and in tM evenf any sum of mo~ey becpmes payable under such polity or policies sa;d MORTGAGEE sball have the opt~on ro~eca~ve and apply tho same on accounl of the indrbted- neu secu~ed hereby o~ ro permit said MOR~GAGORS to reteive and use it pr any part thrreof for other purposes, wliho~t ~her.o~ wai~i~ig or ~mpair- ing any eqvity, lien o~ right under w by virtve of this mort9age; ~nd in ths tvcnt u~d MORTGAGORS shall Iw any ~eason fail to keep the sa7d premisri so 1~su?ed, or fail to deliver promplly any of said poli~ies ot i~surante to said MORTGAGEE, or fail promptly to pay fuily any pre~nium therefw a in any ' respect bil b pertorm, d~scharge, execute, effect, tompl8te, tomply with and ab~de by this covenan~, w any pan hereof, sa~d MORIGAGfE may place and ; paY fw such insurance or any pa» the~eof wl~hout w~iving w affecting any option, lien. aquity, ot ~ight under or by virl~e of this Mo~tgage, and IF+e ~ fvll amount of each and every such payment shall be imrnediately due and p~yaLle and shall brsr interest t~om Ihe date the~cwi un~il paid at ~he rate ol ~ nine per centum per annum and to~ethrr with such interest shal+ be secu~ed by ths lien of thi~ morlgage. To permi~, ~pmmit or sufter no waste, impairmenl p delc~iorarion of said prope~ty or any part thereof. j 5. To pay all and singula~ the coats, chargea and ezpenses, including a reasonable alto~ney i fee a~d costs of abst~acts of title, incurred w paid at f any time by said MOR7GAGfE, because or in the evenl of the faifure on the part of the said MORTGAGOR 1o duly, promptly and fuI(y perform, d~scharge, ~ execute, etfec~, comptete, compty with and ab:de by each and eve?y the stipvlanons, sgreements, cond~tions, and covenann of said promissory note and this mortgage any or e~~FKr, and sa~d cosK, charges and expenses, cach and every, shall be immediately dve and payable; whether or not there be notice de ' mand, attempt to cotlect or suit pending; and the full amo~nt of each and every such paymenl shall bear interesf from Iht date thereol until paid at the ~ rare ol nine per cantum per anoum; and atl said costs, cha~ges and expenses incurred or paid, together wdh such interest, shall be secured by the lien of this mortgage. 6. That (a) in the tvent of any breach of this Mortgage or defautt on the pa~t of the MORTGAGOR, w(b? i~ the event any of sa+d sums of money ~ herein ~efe~red to be not pranpNy and fully paid wnhio thirty 130) days neat aiter the same severally become due and payable, wi~hou~ demand or notice, ~ or (c) in the evem each and every ~he stipulations, agreements, conditions and covenants of sa;d promissory note and th~s morlgage any or ~ilher are not ~uty, promptly and fully pertormed, d~scharged, executrd, effected, completed, compl;ed wirh and abidad Sy, then in eithe~ or any such evenf the said ag gregate sum rtKnrioned in said promissory note then remaining unpaid, with intere:t accrued, and atl moneys secured hereby, shall become due and pay- able forthwith, w thereafter, al the option oi said MORTGAGEE, as futly and completety as if all of ~he said sums of money we~e aiginally stipulaled to be paid on such dsy, anything in sa:d prom~sswy note or in this Mwtgage to the contrary notwithstand~ng; and the~eupon a thereaher at the op~ion of said MORTGAGEE, without notice or demand, suit at law o~ in equity, therefwe or therealter begun, may be prosecuted as if all moneys secured hereby had matured pnor to its inseitution. 7. That in the event that at the begi~ning of or at any time pending any suit upon this Mortgage, or to fweclosr it, or fo reform it, or to enforce aayment of any claims hereunde?, said MORTGAGEE shall apply to the Court having jurisd~ctan thereol fw the appointment of a Receiver, such Court shall forthwith appoint a receiver oi said mortgaged property all and singular, includ~ng all and singular 1he income, prof~ts, issues and revenues from whatever source de~ived, each and every of wh~ch, it being expressly understood, is hereby mortgaged as if spec~fically set forth and dexribed in the granting and habendum clauses hereof, and s~ch Receiver shall have ait the broad and effective funct~ons and powers in anywise entrusted by a Court to a Reteive~, and s~th appoinlmeN shall be made by such Court as an admitted equity and a maner of absolute right to said MORTGAGEE, and without reference to Ihe adequacy or inadequacy of the value o1 the proparty mortgaged or to the soive~cy or ;nsolvency of sa~d MORTGAGOR w the defendants, and thaf such rents, profits, income, issues and revenues shalt be applied by such Receiver accord~ng fo fhe {ien or equity of said MORiGAGEE and the practite of such Court. 8. To d~ly, promptly and fully perform, discharge, execute, effect, complete, comply with and abide by each and eve?y the stipuiations, agreement:, conditions and covenanrs in sa~d promissory note and this mo~tgage set fwth. 9. ihat in the event the ownership of the morfgaged prem;ses, or any part thereof, becomes vested in a peraen ether than the MORTGAGOR, the M•ORTGAGEE, its successws a~d assigns, may, without notice to ~he MORTGAOR, deal with such successor or successor interest with re(erence 1o this m.ortgage and the deb~ hereby secured in the same manner as with Mortgagor witlwut in any way vitiating or discharging the Mortgagors' lisbility herr u~der or upon the debt hereby secured. No saie of the premises hereby mortgaged and no forbearante on 1he part oi the MORiGAGEE or its sutceswrs o~ assigns and no extension oi the time fw the payment of the debt hereby secured given by the MORTGAGEE or ~ts successors or auigns, ahall operate ro release, discharge, modify change or afiect the orig;nal tiability of the MORTGAGOR herein, either in whole o? in part_ 10. It is specificatly agreed that time is of the essence of this convact and that no waiver of any obligation hereunder or of the obligatan se- cured hereby shal~ at any time thereafter be he~d to be a waiver of the terms hereof or of Ihe instrument secured herby. 11. In add~tio~ to Ihe forege:ng monthly payments of print'pal and interest required by the promiszory note secured hereby, mwtgagor covenanfs and agrees to pay to mortgagee x~ith each monthly payr,~ent an add~rional sum estimated by mortgagee to be equal to 1;'12 oi the ann~al cost of the follow- ~n~: . A-All rEal property taxes levied a~ assessed agai~iss the above described real estate_ B-Pren;~ums on fire and windsrorm insurar,ce as here~n requ;r¢~ to be carried on the improveme~ts sit~ate on the above desoibed premises. C-Premivms o+~ such mortgage gua~anty ~nsurance as mortgagee shall from ttme to time deem fit to carry on the loan secured hereby. } 9 9 / gayor wr~t~n of the amount due and Morr a ee shall ~rom time to time notif~ mort ' y payabfe hereundrr and such su:n shall thereupon be due and ~ ~ayable on the due oate of the next monthly payment and eath suctessive month thereafter ur.til mortgagee shatl notify mortgagor of a change in suth a~~:ount. $uch su:ns sNaii be applied 6y mortgagee toward the payment of real property taaes, insurance prem;urris, and mortgage guaranty insurance fxemiums_ ~ IN WITP~ESS YINEREOF, the said MORTGAGOR has hereunto set his har,d and seal the day and year firzt aforesaid. ~ f - Signed, Sealed and delivered in presente of: ~ - a~ ` - Stanl K. Dou as a~ ~ ~ Seaq - (Seap STATE OF FLORIDA - ~ . CO(;NTY OF St. Lucie i Before me personally appeared St_a11~V K IbuQl a e a~ ~ ~ Frances A• ~OLI Za3 his wife, to me well known and known to me ro be ~ f ;he individuala described in and who executed the foregoing instrvmeM, and acknowledged before me that they executed the same for the ewposes G therein expressed. And the said ~ Ctanl a ` ~ ` . / . ~ r+ife of the said - .3L~[. tkiuglaa upon ;a deF~ r~e s~ t~ ~ examinat~on by me taken sepasate and apart from her sai h nd, atkrawledged to and before me that she eaetuted said insSfurrr~D fr~jY~andbr~ ~ i rarify and without any computs'wn, constraint, i,~ar of ot from he id husband. t~ , •."J` ~ 1 ~ WITNESS my hand and official seal this day of ~ h v' D 19 ' ~ ' : . - Notary Pub:ic in and iw the Stat f' Iqri af Qa r, _ My Commission expires: - ~ ~ ~ ~ . ~r ` . ~~y Return To: - - ~ ' . First Federal Savings b loan Associat:on - v Of Fort P;e,ce. ..?~_f~.S~~';E 0~ flC'Ri"vA~tIJIRf~ ~ - ,_.C ~ Fo~: Pierce, Florida ' .'~'1 EX'rl"r,"L$ IAN. 7, 197~ • - . - . , . , ~aR &anice~s lnsutina Co. i1~fC 4S~ ~fC039FD This Instrument Prepared By J• H• ROberts, Jr. 5T LUC=E C'vUNTY F~~, First Federal Savin s& loan Association RCC_a -!~;;R~S 9 ~ ~t-FQfi C ~i:Uli L~:JR • of Fort Pierce ~ Flor i da a T i Checked By ~~Q ~3 se AN ~7 3 ~ ~ooK 212 1352 ~5Q8zs sb ~ ~ _ . - - . x ~t : ~ _ _ - _ ~X~~-~