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Home My WebLink About1842 3. To p~ace and continuo~sly keep on the bw'd~ngs now w heroafte~ ~i~usl~ on sa~d land and on all equipmen~ •nd {xnon+lly covered by ~hi~ mort~ ~g~, w~~h •II prem~umi ~hercon pa:d ~n (~ti, fire insu~ance ~he uwd sr~ndaid poGcy fam, in • sum approved by ~he MORiGAGEE, a~~d winds~wm inivranc~ in Na usual ~~+nda~d pol~cy fwm, in ~ ~um appror~d by iM MORTGAGEE, in ~uch compa~y w car+p~n~ei as tl» MORiGAGEE ~+++Y dir~ct; ~nd all fi?~ a++d w~nd~~orm insurance po!icies on any ol s~~d bu~ld~nps. any inleres~ thersin o~ part Ihercol, in tht a99rcyat~ sum ~fae~aid w in ~xcesf Ihcreol, ~hetl contai~ ths usval s~andard mw~gayee cl+use u suth o~M+ clause at the Mw~yagee may ~equ~re, ma?inp ~h~ lo» undr~ ~a~d po1F cies, e+th and every, payab~e ro said MORTGAGEE at its inlera~t may ~ppear, snd exh aod eve~y tuth polity shall be prompNY +ss 9ncd and delivered to ~ny held by said MORTGAGEE as further scturity to said mwtgage debt, and, no1 lesf ~Mn ten (10) days in advance of tha e:piration of eath pollty, to d~- I~vN to said MORiGAGEE a renewa~ thereo(, logethe~ with a reteipt ta the premium of suth renewal; snd there shall be no f~re w windstorm insurance pl~ced on ~ny of said buildings, any i~terest therein or part thereof, untess in tM fo~m and wi~h th~ lou payab~e ai ~fo~esaid; and in ~M event any ~um of money bccome~ payable undN iuch polity ot policias said MORTGAGEE shall have the option to reteive a~~d apply the iame on account of ihe indebted- neis secured hereby ot to permit sa~d MORTGAGORS to teteive and use it p any part lhereof fo~ othcr pw~~oses, w~tho~t th:r~b~ wa~.~•~g or unpair- irg any equity, li~n a?gh~ under a by virtus of this mo:!gage; e~ in the event sa~d MORTGAGORS sAall iw any reason fail to keep the ia~d premisrs so insured, w fail fo delive~ promptly a~y of said policies ot insurente to said MORTGAGEE, o~ fail p~omptly to pay (utly any pre~nium therefw or in any reipect fait Io per(orm, discharge, eaecute, eiiect, complete, comply with and abide by this covenanl, or any parf hrreoi, said MORTGAGEE may pl~ce and pay fw such insurance or any part thereof without waiving or affecting any option, lien, eq~~ty, or right under w by virlus ot this Mortgaye, and tht full amount of each a~d every :uch payment shall be immediately due and payable and shall bear inte~est from ~hs dats thereof un?il paid a~ the rate ol nine per cemum per annum and to~rther with such intere~t shali be secured by Ihe lien of th~s. mortgage. 1. To permit, commit o~ suffer no waste, impairme~t or deterioration of said property w any pa~t the~eof. 5. To pay all and singular the costs, charges and expenses, including a reasonable attwney i fee and costs of abstracts of title, incurred o~ pa~d at a~y time by sa~d MORTGAGEE, because w in the evenf of the failure on the pan of the said MORTGAGOR to duly, pranptly and fully perform, diuharge. execute, effe~ti, complete, comply w~th and ab:de by each and every. the stipulanons, agreements, conditions, and covenants of said promissory note and this : matgage any w either, and sa~d costs, charges and expenses, each and every, shall be immediately due and payable; whether o~ not there be no~ice de i mand, attempt to collect or suit pend~ng; snd the full amount of each and every such payment shall bear i~terest from the date thereof until paid at the ~are o! nine per centum per amiui~; a~d all said costs, charges and expenses incurred w paid, togNher with such interest, shall be secured by the lien of thif mwtgage. 6. That (a) in the event of any breach of this Mwtgage w default on the part of ihe MORTGAGOR, or (b) in the event sny of sa~d sums of moi?ey herein referred to be not pranptly and futly pa~d within thirty (30) days next after the same severally become due and payabte, without demand a notite, or (c) in the event each a~d every ~he stipulations, agreements, conditions and covenants of sa~d promiswry note and th~s mortgage any a either are no1 ~uly, pro~nptly and fully performed, d~scharqed, executed, effected, completed, compl~ed with and abided Sy, then in ei~her or any such event the sa~d sg- gregate sum mentioned in said prom~ssay note then remaining unpaid, with interest acuued, and all mooeys secured hereby, shall become due and pay- able fwthwith, or thereafter, at the option of said MORTGAGEE, as tvlly and completety as if all of the said sums of money were wiginally stiputated to be paid on such day, aoything in sa;d Fromissory note or in this Mortgage to the contrary notwiihstanding; and thereupon or thereafte+ at the option of said MORTGAGEE, without not~ce or demand, suit at law w in equity, therefore a thereafter begun, may be prosecuted as if all moneys secured hereby had mawred pnw to ns institution. 7. That in the event ~hat at the beginning of w at any time pending any suit upon this Mortgage, or to foreclose it, w to reform it, or to enforce payment of any daims hereunder, said MORTGAGEE shall apply to the Court having jurisd~ction thereof for the appointrt3ent of a Receiver, wch Court shall forthwith appoint a receiver of said mortgaged property all and sirgular, intlud~ng all and sinqular the income, ptofds, iuues and revenues from whatevpr seurce derived, eath and eve?y of which, it being expressly understood, is F.ereby mo~tgaged as if specificatly set, fonh ared dewibed in the granting and habendum clauses hereof, and such Receiver shall have all the broad and efiective tunct~ons and powers in anyw~se entrvsted by a Court to a Receiver, and . such appointment shatl be made by such Court as an admilted equity and a matter of absolute ~ight to said AAORTGAGEE, and without ~efnente fo the adequacy w inadeq~acy of Ihe value of the property mortgaged or to the soivency or insolvency of said MORTGAGOR a the detendants, and that such rems, profits, inc«ne, issues and revenues shafl be applied by such Receiver according to the lien or zquity of wid MORTGAGEE and the practice of such Court. 8. To duly, promptly and iully perform, discbarge, execute, effect, complete, comply with and ebide by each and every the stipulations, agreements, conditions and covenants in said promissory note and this mortgage set forth. 9. ihat in the event the ownership of the mortgaged premises, or any part thereof, becomes vesfed in a person other than the MORiGAGOR, the h10RTGAGEE, its successors and assigns, may, w~tFrout notice to the MORTGAOR, deal with such suctessor w successor in interest with reference to this ~ mortgage and the debt hereby secured in the same manner as wi~h Mortgagor without in any way vitiating or discharging the Mortgagori liability herr under a upo~ the debt hereby secured. No sale of the premises he~eby mortgaged and no (orbearance on the pan of the MORTGAGEE or its successors or assigns and no extension of the time for tix payment of the debt hereby secured given by the 1~AORTGAGEE or its successws or auigns, ahall operate ~o release, discharge, rtwdify change or affect the original liability of the MORTGAGOR herein, either in whole w in part. 10_ It is specifical{y agreed that time is of the esse~ce of this contrad and that no waiver of any obiigation hereunder a of the obligaYan sr cured hereby shal~ at any time thereafter be held to be a waiver of the terms hereof or of the instrument secured herby. I1. In add.t:o~ to ~he fwego"ng monthfy payments of princ'pal and intrrest requi:ed by the prom~ssory nott secured hereby, mortgagor covenants and agrees to pay to mo:tgagee with each monthfy payrrtent an add~~ionai sum est~mated by mortgagee to be equal to 1/12 of the annual cost of the follow- ing: A-All real propeny taxrs lev~ed or assessed agai~st the above described real estate. B--Pre~:~u+ns on fire and windstorm ins~rance as herein requ~red to be carried on the improveme~ri situate on the above described premises. ~ C-Premiums on such mortgage guaranty insurar~ce as mortgagee shall from t~me to time deem fit to carry on the loan secured hereby. ; I~lorfgagee shail from ti~ne to Time not~{y mortgagor in w.iting of the amount due and payable hereunder and such sum shall thereupon be due and ~ payable on the due date of the next monthty payment and each successive month thereai~er ~rtil mwtgagee shall notify mortgagor of a change in such zrnount. Such s~ms sha:! be applied by mortgagee toward the payment of real property tazes, insurance prem:ums, and mortgage g~aranty insurance premiums. - _ IN \YITPJE55 YJHEREOF, the said MORTGAGOR has hereunto zet his har,d and seal the day and ear fi~ a/,'(rui Signed, Seal elivered in the ixesence of: . ~ - ~ ~ ~ ; ~ ~ Harold I. o t er ~a~ ` ; 1 / (Sea4 hlae HOltsberg (~a~ STATE OF FlORIOA t ~ St. Lucie ~ u- COUNTY Of I Before me personally appeared Harold 1• HOZtBb@Z9 a~ I~Q .T • Holt aberg his wife, to me well known and kreown to me to bs the individuals described in and who executed the foreqoing instrument, and ackrwwledged befwe me that they executed the same for the purposes therein e:pressed. And the said ~e J• HO~tSberg rvi(e of the said ~rOld I~ Holtsberg , upon a xpsrate and privafe exam~nat~on by me taken separate and apart from her said husband, acknowledged to and before me that she executed said instrument freely and volun- tarily and w~thout any compulsion, constraint, apprehension, w fear of or from her said husband. WITYESS my hand and offic~al seal this_ day of ~ April A D.•19~ ~ ''if, : ~ r - . = , ~ C ~ , - ~t 5 ~ - tary Public in and for the Stat f Florid lii~e• . . / y Commission e:pires: ~ ~ - = ' ' Retum To: - NOTARY PUBUCi STAI~'~M f LOR10A st L/11~'iE ~ First federal Savings a loan Association MY COMMISSIAN ~('PIR~~ DEC. 29: 1~75 ~ Oi Fort P~erte_ . BondeO Thrr'Gtner~lns ancq~ UnQenyr~a6. ~ For: Pierce. Florida ~ ' ~ ~ FILEO ~NQ RECOROE • , ~ ~ ST. LUCIE ~OUN'1'~f ~ TI,T ; ~ This Instrument Prepared By John W. Collins RQCE't f~1TRAS. First Federal Savin s 8~ Loan Association CLERk C~;~ UIT COIiRT ~ r ~ 9 IIECORD VEFI. ~ED~_ of Fort Pierce, Florida ~p Ar~t 3 41a PH'73 Checked By t.~- 25120 i o ~ BOGK ~1~ PAGE 1H~ " . - . . - . . _ . _ P .'Y ~ i:;~