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Home My WebLink About0768 } ~ ~ 3. To place a~d cor~tin~ousty keep on the bv~.J~ngs now a hereshcr ~~twte un sa~d ~and snd un all equtp:nrn~ and persone~ly covercd by thi~ mor~q- i ~9~. with all p~em~ums ~~rcon pa~d in fuil, tue inswance io the uwal sundard policy form, in • sum appro~ed by ~he MURiGAGEE, a~~d w~nd~torm insurance in ths usual ~tandard pot~cy fwm, in • s~m approvcd by th~ MOR)GAGEE, i~ ~uch canp~ny os companies as the MORTGAGEE may dirccr, ~nd aq fire and w~ndstorm i~surance polic:es on any o( said build~ny~, ~ny intero?~ the~ein or pa~~ the~cof. in ihs agg~eqate tum aforesaid a in ~xcass ~hereof, ~hall cont,~in ~he usual ~tanda~d mu~flagee clauae or such otF~er clauss a~ ~M Mwtyages may ~equ~re, mak~np rhe Ios~ upde~ sa~d pol~ cies, esch and every, payab~a to s~id h10RTGAGEE as itf intarest may appear, and e~th snd eve~y such poi~cy ahall be p~omptly ats gn~d and de~ivered ~O : sny held by said MORIGAGEE as furthe~ secu~ity to said mo~~gage debl, and, nol leu than ten (101 dayi in ad~ance ot ~he expiration of each po~icy, to da ~ Gver to said MORTGAGEE a renewal ~hereof, logether wiM a rece~pt for the premium o! such renewal; and there thall be no I~re or winds~o~m insurance p~aced on a~y of said b~ildi~~gs, eny inte~est there+n or put thereoi, unteu in the fo~m and with tM Iws payable as aioresaid; and in the event any sum ' ot money becomes payable unde~ such policy w pol~cies said MORTGAGEE shafl hava the opt~on to recei~e and apply the same on account ol Me indab?rd- ` nesa secwed he~eby a to permit said MORTGAGORS to receivs and uu it a any par~ Ihereof ior o~i~er purposes, v.~~hout th-r~u~ wai~~ cr ~~npah• ~ ~ng any eqv~ty, lien w righr under « by virtue of Ihis mo:tgage; ~nd in tF~e event wid MORTGAGORS shall fw a~y ~eason fail to keep the said premises w fnsured, o~ fail to deliver promptly any of said pol~cies ot insu~ance to sald MORTGAGEf, or Fail promptly to pay fulty any premium theretor or in a~y respect fail to perfwm, d~scharge, e:ecute, effec~, compiete, comply with and abide by Ihis covenant, or any part hereof, sa~d MORTGAGEE ~~ay piace and ~ pay fw suth insurante or any part thereof without waiving w affecting any option, tien, equity, or right under or by v6tue of rh;s Mortga4e, and tht ' + full amount o( each and every such payment shall be immediately due and payable and shall bear inte?es~ Irom Ihe date thereof until paid at tho rate ol ~ nme per caNum per annum and to~ether with such interest shall be secured by the litn of this mortgage. To permit, commil or suffer ~o waste, impairment or deterio~atio~ of said properry ot any pa:t the~eof, 5. To pay all and singular the c~ts, cha~ges and expenses, 7ncluding a reasanabte atrorney i fee and costs of absrracts of titte, incurred or paid at eny time by sjid MORTGAGfE, because o? in the evem ot the failure on the parl of ~he said MORiGAGOR ro duly, promptly and fulty perform, discharge, ~xecute, eftect, complere, comply with and ab:de by each and every the stipulatlons, ag~eements, conditions, and covenants of said p~omissory note and thes ' morrgage any w einc~v, and said cosrs, charges and expenses, each and every, shatl be immedialely due and payabte; whether or not there be notice dr mand, anempt to collect w suit pend~ng; and the full amount of each and every such paymem shall bra~ inie~est from the date ~hereof until paid at the ra~e of nine pe~ cantum per anuum; and all said costs, c~arges and exprnses ~ncurred a paid, logether w~Jh such iNerest, shall be secured by the Ilen of this mottgaye. - 6. That (a) in the event of any breach of this 1Nortgage or defaull on the part of the h~ORTGAGOR, w(b) in the event any of sa:d sums of money herein referred ro be no~ promptly and fulfy paid within th~rty (30) days next after the same severally become due and payable, without demand o~ notice, or (c) in the event each and every the stipula~ions, agreemems, conditions and covenams of sa,d promissory note and th~a mortgage any w either aie not ~uly, promptly and fulty performed, d~uharged, ezecuted, efteded, completed, complied with and abided Sy, then in either q any such event the sa~d ag gregate sum mentioned in said promisso~y note fhen remaining unpaid, with interest accrued, and all moneys secured hereby, shall become due aod pay- able forthwith, or thereafter, at the option of said MORTGAGEE, as fully and completely as if all of the said sums of money-were or~9inal~y stipulated to be paid on such day, anything in sa:d promissory note or in this Mwtgage ro the contrary notwiths?anding; and Ihereupon or the~ealter at the opuon of sa~d MORTGAGEE, without notice w demand, suit at law or in equity, therefore or thereafter begun, may be prosecuted as if all moneys secured hereby nad matured pr~or to its institution. _ 7. That_in the event that at tF~e beginn;ng of or at any time pending any suif upon this Mortgage, o~ to foreclose it, w to ~efwm il, or fo enforce payrnent of aoy claims heieunder, said MORTGAGEE shal~ apply to the Court havi~g jurisd~oion thereof for the appointment of a Receiver, such Court shall for~hwith appoint a receiver of said mortgaged property all and singular, includ~ng all and si~gular ~he irtcome, p~ofds, issues and revenues from whatever source derived, each and every of wh;ch, it being e~epressly understood, is hereby mortgaged as if speufically set fwth and describrd in the granting and habendum clavses hereof, and s~ch Receiver shall have all the broad and efiective funct~ons and powers in anyw~se entrusted by a Court to a Receiver, and s~ch appointment shall be made by such Court as an admitted equity and a matter of absolure right ?o said MORTGAGEE, and without refe~erxe to the adequacy w inadequacy of the value of the properry mortgaged or to the so~vency or insolvency of said MORTGAGOR w the defendants, and that such rene:, proiits, income, issues and revenues shall be apptied by such Receiver according to Ihe (ien oc equity o~ said MORTGAGEE and the practice ot such Courf. B. To duly, promptly and fully perform, d~scharge, execute, effect, compiete, comply w~~h and abide by esch and every the stipulations, agreeme~ts, ~ -onditions and covenants in u~d promissory note and th~s mortqage :et fwth. . 9. That in tha event the ownership of the mortgaged premises, or any parl tF~ereof, becomes vested in a person other thaa the MORTGAGOR, the MORTGAGFE, its su:cessors and assigns, may, without notice to the MORIGAOR, deal with such successw w successor in iMeres~ with reference to this mo~~gage and the debt hereby secured in the same manner as with Mortgagor withovt in any way vit:ating or d~xharging the Mortgagori liabitity hert under p vpo~ ~he debt hereby secured. No sa!e of the premises hereby mo~rgaged and no forbearance on the parf of the MORiGAGEE or its successo?s or ass~gns and r.o exrension of fhe time (or the payment of the debt hereby aecured given by the MOR7GAGEE or its auccessws or auigns, sSall operate to release, d~scharge, modify thange or affect Ihe original liability of ~he MOS2TGAGOR herein, either in whole or in part. 10_ It is specificalty agreed that time is of the essence of this contract and that no waiver of eny obl;gat;on hereunder or of the obligation se- c~red hereby shall at any time thereafter be held to be a waiver of the terms hereof or of the instrument secured her6y. I 1. In add:tio~ to the forego n9 mo~thly paym~ms of princ'pal and ~nterest required by the prom;ssory no!e secured hereby, mortgagor covenants ~ and agrees to pay to mo:tgagee with each monthiy payrnent an add~~ional sum estm~ated by mortgagee to be equal ro 1/ 12 of rhe annua! cost ot the follow- ing: A-All real prope.ty taxrs levied o~ assess~~d against the above desaibed real estate. B-Pre~;~umi on fire and windsto:m insurance as herein requ~red to be carr;ed on the improveme~ts situate on the above dsscribed premises. C-Premiums on such mortg;ge gua~anty insurar:ce as mortgagee shatt from t:me to ti~ne deem fit to carry on the loan secured hereby. INartgagee shai! srom time to t~me norify mortgagor in wj;ting of tF~e amount due and payable Aereunder and such sum shall thereupon be due and Fayable on the due ciate of the next monthly payment and each successive momh thereaher until mortgagee shall not~fy mortgagor of a change in suth ~--:ount. Such sums shali be applied by mortgagee ~oward the payment of real property taxes, insurance prem:ums, and mortgage guaranty insurance prerniums. ~ . ~ IN Y~ITNf55 YIHER F, t said ORTGAGOR has hereunto set his hand and seat the day and year first aforewid. 'ver ' th presence of: ~ ~ i ~ ~L~'~~~ / ~ ~G~~~s~ ~ fZ--.• ~ e c5ea~ ; SSeaq - (Seaq ;iATE OF FLORIDA ~ . COUNTY OF _ St~ L~1C~e ~ Befwe me penonatly appeared Walter J. Heinrieh a~ ' Mdl~Ol1 R Heinrieh his wife, to me well known and knawn fo me to be ~ the individuals described in and who executed the foregang instrument, and acknowiedged before me that they executed fhe same for the purposes j therein expressed. And the said Mar ion R. Heinr ieh ++:fe of the said _ wdlt@! Heinrich upon a separate and p?ivate exam~nat~on by me taken separate and apart from her said husband, atknowledged to and before me that she executed said instrument freely and volun- rzn;y and witbout any compulsion, constraint, apprehensip~. or fear of w from her said husband. - ` ~ ! WITNESS my hand and official seal this day of A! il q. p~q 73 Notary Pub in and for the-~JS ate of Florida at large ; Retum To: My Comm' ~on expires: ~yl~ ~ 9'73'~ s Fint Federa) Savings 3 Loan Association ' / ° Of Fort P:~rce. 252512 For: Pierce, Florida , - , ' ~ ~ ' fIlEO ANO RECORDEp - , • SL ~UCIE COUNTY F(,A. - ~ . _ ROCER POt~RAS ' " ~ C~ERR CI~CUIT COURT This Instrument Prepared By J. H. Roberts, Jr. RFC4R0 YERtFf~p First Federal Savings & loan Association _ 1 : , ~ . of Fort Pierce~ Rlorida , ~ ~,~1, - ~ . 3 3~PM T3~,~ Checked By ~ ~ _ ` , • ' ~ ,(,i I /T FQ~~ 21.3 ~A~.t ?s7 ; ~.r s ~ . _ X ~ - ~ _ k +~'V'~ ~