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Home My WebLink About1627 . . . 3. To ptac~ and continuously ke~p on fhs bui!d~~+ys now o~ herea(ter si+w~~ on sa~d I~nd and on all cqvipmsM ~nd pasonalty cove~ed by thi~ ma~¢ sg~, with ~ll premiums thereon pa~d i~ tull, (ire insurante ~n Ihs uiual stand+rd polity }wm, in a ium ~pptovad by the MORIGAGEE, +~d w~ndstam in~ursr?c~ in ~M usual sunda~d pol~cy fwm, in ~ s~m approv~d by ~M MORTGAGEE, i~ iuch company a companies +s ~M MORTGAGEE may dir~clj ~nd all fire and w~~datorm in~urance poliNes on any of sa~d buiid~nps. ~ny int~r~s~ tFwrein or part thereoi, in tF~ ayyrey~~e ~um ~iwesaid w in excess ~he~eof, tMll contai~ the uiwl ~tandard mor~~a~e claus~ a ~uch oiF?H clauw u tM Ma~qa~a~ m+y rcquu~, makinp the lo» ur?de~ ~a~d po~F i c~es, each and every, payable to ia~d MORTGAGEE a~ its in~e~eit may sppsa~, +nd c~ach and ~very iuch policy ~hall be prompNY +u 9ned ~nd del,vered ~o ~ny hald by u~d MORTGAGEE as iur~her iecurity ~o said matpage debt, and, not less iM~ ta? (10) days in advance oi ~he expiration of each po~~cy. ~o d~- I~vN to iaid MORTGAGEE a ~snswal thcreof, ~ogethar wi~h a rece~pt fw tM premium of iuch re~ewal; ~nd there shall b~ no fue or wind~to~m insurance pl~ced on ~ny of said buildings, ~ny interest tF?e~ein or part tMreof, unleu in the fwm ~nd with th~ lou p+yable as afaeiaid; a.~d in the evenl a~y sum of money becomes payable under such policy a poGcies 3aid MORTGAGEE shall have the option ~o recaive ar,d apply fhe 3~me Or~ Kcounl 01 the indeb?ed- neu secured hereby w ro permit said MORTGAGORS to receive and us~ i1 w any part thereof fw other purposes, w:~houl Ih>.cu~ waw~ng w~~~~p~~~- ing ~ny equity, lien or right under or by vittue of this mors9age; u+d in 1M event sa~d MORTGAGORS shall fw any reasa? fai) to ketp the said premises so insured, a fail to deliver promptly a~y of said policies of insurance to satd MORTGAGEE, or fail promp~ly to pay iully any prem~um the~efw a in a~y ?espect fail ro perform, discharge, execute, eflect, camplete, comply wit!? ~nd abids by th~i covenant~ a any psrt hereof, ssid MORTGAGEE msy place and pay for iuch inivrance or any part thereof w~thout waiving or ~ffeding any option, lien, equity, o~ r~gM under w by vutue of this Mwtgage. ~nd the full amouN of each and eve~y such payment shall be immediately dve and payable snd sMll bear interest irom ths date thereof until paid a1 the rate ot nirx per ce~tum pa annum and to~ether with such interest shall be secu~ed by the lien of this mortgsge. 1. To permit, commit or suffer no waste, impai?menf a deterio~ation of said property w any pah thcreof. 5. To pay all a~d singulsr ihe costs, charges and expenses, including a reasonable sttwney i fee and costs of abstrads of title, incurred or paid at any time by said MORTGAGfE, because w in the event of the failure on the part of ths said MORTGAGOR to duly, promptly and fully periam, d~scharge. r:ecute, effed, complete, comply with and ab:de by each and every the stipulatans, agreements, conditions, and mvenants of said promissory ~ote and ~hi~ mwtgage any w eiiher, and uid costs, charges and expenses, each and every, shall be immedistely due snd psyable; whether a not there be notice da ma~d, attempt to collect a suit pending; and the full amount of each snd every such payment shall bear interest from ~he date thercof until paid at the rate of nine per centum per annum; arw all said costs, charges and expenses inturred or paid, togelher with suth interest, shall be secuted by the lien of this mwtysge. 6. That (s) in the event of any brexh of this Mortgsge w default on the part of t1?e MORTGAGOR, or (b) in the event any of ~s~d sums of money herein refmred to be not promptly and fully paid within thirty (30) days next after the same severetly become due and payable, without demand or ~otice. or {c) in tAe event each and eveiy the stipulations, sgreements, conditions and covenants of sa~d promissory rate and th~s mwtgage any w either are not ~uly, promptly and fully performed, d~scharged, executed, effected, compteted, complied wiih and abided by, then in eitFKr w any such event the said ag- gregate sum mentaned in said promissory note then remaining unpaid, with iroerest accrued, and atl moneys setured hereby, shall beco?ne eiue and psy- able fwthwith, or thereafte~, at the option of said MORTGAGEE, as fully and compSetely as if all of the said sums of money were wiginally s~~pulated to be paid on s~ch day, a~ything in sa~d promiuory note w in this Mwtgage to the contrary notwi~hstanding; and thereupon or lhereafte~ at the option of sald MORTGAGEE, without not~ce or demand, suit at law w in equity, therefue or thcreafter begun, may be prosecuted as if all moneys secured hereby had matured pnw to its institution. . 7. That in the evcnt that at the beginning of or at any time pending any s~it upon lhia Mortgage, or fo foretlosc it, or to tefwm if, or to enforte payment of any claims he~eunder, said MORTGAGEE shall apply to the Court having jurisd~ciron thereof for the appoiotmenl of a Receiver, sueh Court shall forthwith appoint a receiver of said mortgaged property all and singular, includ~ng aIl and :ingulai the lncome, profits, iuues ,and teyenues from whatever source ckrived, each and every of whKh, it being expreuty unders~ood, is hereby mwtgaged as if specifically ut forth and dewibed in the granting and hnFxndum clauses hereof, and such Receiver shall have all the broad a~d effective funa~ons and powers iff;anywise entrusted~~y a Court to a Receiver, and :~ch appointment shalt be made by svch Court as an admitted equity and a matter of absolute right to said AhORTGAGEE, and without reference to the adequacy or inadequacy oi the value of the property mortgaged or lo the solvency w insolvency of said MORTGAGOR a the defendants, and that such rents, profits, income, issues and revenues shall be applied by such Receiver according to the lien or equity of said MORTGAGEE and the practice of such Court. 8. To dvly, promptly and fully perform, diuha~ge, execute, effect, complete, comply with a~d abide by each and every the stipulationa, agreemenis, conditwns and covenants in said promissory note and this mortgage set fwth. ' i 9. Shat in the event the ownership of the mortgaged premises, or any part thereof, becomes vested in a person other than the MORTGAGOR, fhe 1 MORTGAGEE, its successors and auigns, may, without notice to the MORTGAOR, deal with such successa a successor in interest with reference to this ~ mortgage and the debt hereby secured in the same manner as with IJbrtgagor without in aoy way vitiating w discharging the Mortgagors' liability here- under a upon the debt hereby secured. No sale of the premises hereby mortgaged and ~o forbearance on the part of the MORTGAGEE or its successon or assigns and no extension of the time for the psyment of the debt hereby secured given by the MORTGAGEE or its successors or auigns, ahall operate ro release, discharge, modify change or affect tlx original liability of the MORiGAGOR herein, tither in whole w in part. 10. N is speufically agreed that tirrK is of the essence of this contract and that no wsiver of any obligaYron hereurder or of the obligation sr cured hereby shall at any time tbereaher be held to be a waiver of the terms hereof or of the instrument secured herby. 11. In add~tion to the forego:ng montldy payments ot princ'pal and interest required by the prom~swry note secured heieby, mortgagor covenants and agrees to pay to mortgagee with each month!y payr,~ent an add~~ional sum est~mated by mortgagee to be equal to 1%12 of the annual cost of the follow- ing: A-All real property taxes levied or asseszed agai~st the above described real estate_ ; B-Premiums o~ fire and wi~dstorm insurance as herein requ~red to be carried on the improveme~ts situate on the above described premises. ~ C-Prem]um3 on suth mortgage guaranty insurance as mo~tgagee shall from time to time deem fit to carry on the ban setured hereby. I Mortgagee shall from time to time notify morlgagor in writing of the amount due and payable hereunder and such wm shall therevpon be due and ~ payable on the due date oi the next monthly payment and each successive month thereafter urtil mortgagee shall notify mortgagor of.a change in such amount. Such sums sh.all be applied by mortgagee'toward the payment of real property tazes, insurance prem;ums, and mortgage guaranty insurance premiums. IN WITNESS WHEREOF, the said MORTGAGOR has hereunto set his hand and seal the day and ar fir aforesaid. Signcd, Sealed an iver n the presence of: ~ aq tle Els ick aq ~ - ~ (5eaq r u Blswick ~,i~ STATE OF FLORIOA ~ cour,rY oF St . Lucie ~ ~ ~ Before me personally appeared BStle B1SMI1Ck and ~ZV'~.pU ESIM~C~C his wife, to me well known snd known to me to be rhe individuats desuibed in and who executed the fwegoing instrument, and acknowledged before me tFwt they executed the same for the purposes rherein expressed. Md the said ~ry ~u ~1S1111C~C wife of the uid Estle EISMIC~C upon a sepsratg end private examination by me taken separate and apart from her said husband, acknowledged to and before me ihat the executed said inatrug~ylt ~ijEtJy t1F~d volun- rarily and without any compulsion, constraint, appreh sion, or fear of w from her id husband. A r . Z~ • / '13 WITNE55 my hand and official seel thi day of 'A, D~.f9 • a _ ~ Nota Publit in and i t' t~ of-Florida at }ary0 ` _ My Commiuion expires: I Retum To: .7 ~ . . ~ first Federal Savings ~ loan Association - Of fort P~erce. ;~1s1 ~ ~ ~ . ~ Fort Pierce, Florida • • - s~'iu°c,~ couc This Instrument Prepared By Ga~cy R. Bllxood MTY~~ First Federal Savings 8 Loan Association R06ER F~itRAS ~ of Fort Pierce FloYida PF CLEP,K ~~Z~UIT COURt ~ , CO4~ vf'ilFiEp,_,~~ Checked By ~ ~ JY ~0 21 !qi ~ ?3 ~ 60GK213 ~~1625 ! ~ ~ - , - - - - - ~r<.,~~ : ~ :c-. -