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Home My WebLink About2343 To plx~ and con~inuously keep on the bui!d~~gs now w hereaFtn siwate on sa~d I~nd artd on all eq~ipment and penonaliy covered by this mwtg +p~, with il) prfmivmf thereon pa~d in fvll, fire i~~urance in the usual ttandard poli~y fam, in a sum approved by tM lNORIGAGEE, and windstwm inturaM~ in tM usual stanc+ard F+ol~cy farm, in a ivm approved by tM MORTGAGEE, in sucA company or canpani~t at tl?~ MORTGAGEE may directj and all iir~ and windstorm insuranca policies on any of said build~rps. a~y i~t~~est therei~ w put thereof, in tM ap~~e~ar~ sum ala~said or in ~xcess Ihe~eof, ihall tort~ain tia vsual sfar+dud ma~pspe~ clauss or iuch o~her claus~ si tM 1Nortyag~e may rpui~~, makinp th~ lou unde? w~d po1F cies, cach and evary, payabl~ ~o said MORTGAGEE as it~ imerest may appear, and cach and every ivch policy ihall ba promptly ~ss:qned and detivered ro any held by iaid MORfGAGEE ~s ivrrher iecv~ity to said mwrgage debt, and, rwt leu than ?sn (10) d~ys in advance of ths expiration of esch policy, to d~ live~ to said MORTGAGEE a renewal tMreof, togethsr wiih a receipt fM Ihe p?emium of iuch renewalj and the~s sMll bs rq fire or wind~torm inaurance plat~d on ~ny of said buildinys, ~ny interest Iherei~ w pu? Ihereof, ~nleu in the fo?m ~~d wilh tM loss payable as afwesaid; and in the e~ent any tum of money becomes payable unda suth polity w policies said MURTGAGEE shall have th~ optio~ to receive and apply ths sam~ on accouM oi tM i~debted- neu secured hsreby w ro perm~t said MORTGAGORS ro receive and use it w eny part thereof fw othe? purposes. ~vi~hout ~h:reb~ wai~i~zg o~ ~mpair- ing any eqv~ty, tie~ w rght unde~ or by virfve of this mo:!gage; and in the svcnf said MORTGAGORS shall fo~ any reason fail to keep the ssid premisas w insu~ed, a fail fo deliver promptly any of said polities of insur~nce to sa~d MORiGAGEE, or fail promptly to pay fully ~ny premium therefor w in any reapect fail 1o perfam, dischuge, execute, eifect, complete, comply wirh and abide by this mvenant, o~ any pa?1 lw~eof, said MORTGAGEE may place snd pay fd such insurance or a~y part thercof without waiving o~ afiettirg any op~~an. ~ien. equity, or righ~ v~der a by virfue of tF+ii Mortgage, ~nd the full amount of each and every such paymem shall be irnnxdiately due snd payable and sha~l bear iMeresl f~om the dats t!?ereof until paid at the rata ot nine per tentum par annum and to~ether with such inter,:st s}wil be securrd by IM lien of thia mortgsge. 1. Io pe~mit, mmmit p suffer no waste, impairment or detcrioration of said property or ~ny part thereof. 5. To pay all and sirgulsr the costs, charges and expenses, i~cluding a?easonable anwney i fee and costa of abstracts of title, i~curred o? paid sf any time by uid MORiGAGEE, because w in the event of the failu?e on the pan of the said MORTGAGOR to duly, promptly and fully perfwm, diuhasge. execute, elfect, complete, comply with and ab:de by each and every the stipulatio~s, sgreements, eonditions, sod mvenants of said promitsory note and this mortgage any w ei~her, and said costs, charges and expenses, cach and evevy, sF?all ba immediately due and p~yable; whethe~ w not there be no~ice d~ mand, atrempt to collect or suit pending; ar?d the futl amounf oi each a~d every such payment sball bear interest from the date thereof until p~id at the rate of nine per centum per am~um; and a~l said costs, charges and expe~ses incurted or paid, togNher with s~ch interest, shall be secured by the lie~ of this mortgsge. 6. That (a) in the event of a~y breach of this Matgage w default on ths part of the MORTGAGpR, a(bj in the evenf any of satd svmi of money herein referred to be no1 promptly and fully paid within thirty (30) days ~ex~ after the same severally become due and payable, without demand w notice, or in the event eath and every the stipulations, agreements, cor~d~tions and covenants of sa;d promissory note snd this mwlga9e any or either a~e not ~uly, promptly and fully perfwmed, d+scharged, executed, efiected, compteted, tomplied with and abided by, theri in either w a~y s~ch eveM the uid ag gregste sum mentioned in said promiuwy note then remaining unpaid, with interest acuued, and atl moneys setured hereby, shall bemme due and pay- able twthwith, w thereatter, at the option of sa~d MOR7GAGEE, as fully and completely as if aU of fhe said sums of money were orginally stiputated to be paid on s~ch day, anything in sa:d promiuory note or in this Mortgage to the contrary ~otwithitanding; and thercupon w thereafter at the option of sa~d MORTGAGEE, without norice or demand, suit at !aw w in equity, therefwe w thereafter begun, may be proxcufed es if al! moneys secured hereby had marured ~+w ro its ;nsliru?ion. I. That in the event that at the beginning of or af any time peodirg any suit upon this Mwtgage, or to foreclose lt, w fo refwm it, or to enforce payment of any claims hereunder, said .MORTGAGEE shall apply to the Cour~ having jurisd~ction ~hereof iw the appo~ntment of s Receiver, such Court shall forrhwith appoint a rece~ver of said mortgaged prope»y all and singular, ioclud~ng all and singular the income, profits, iuues and revenues from whatever source derived, exh and every of which, it beirg expressly understood, is hereby mortgaged as if specificafly set fotth and desttibtd in the granting and habendum cla~us hereof, and such Receiver shall have all the b~aad and effecrive funct~ons and powers i~ anywise entrusted by ~ Court to a Receiver, and s~ch appointment shall be made by such Court aa an admitted equity and a matter of absolute right to ssid MORTGAGEE, and withoul reference to the edequaq w inadequacy of the value of the property mo+tgaged or to the sowency or insolvency of said NtORTGAGOR or the defendann, and that such renrs, profifs, incorrK, iuues and ~evenues shall be spplied by suth Receiver accwding to tF?e lie~ or equity of said MORTGAGEE at~d the practite of suth Court. 8. To duly, promptly ar.d fully perform, discharge, execute, effect, complete, comply with and abide by each and every tlx stipulations, agreements, conditions and covenanrs ~n sa~d promissay note and th~s mortgage set fwJh. 9. That in'the event the ownership of the mortgaged premides, a any part thereof, becomes vested in a perwn other than the MORTGAGOR, the MORTGAGEE, its :uccessors and assigns, may,. w;thout notice to the M.ORiGAOR, deal with such successor or successor in interest with reference to thia mortgage and the debt hereby secured in the same manner as wirh Mo~rgagor without in any way vitiating p dixhargirg the Mwtgagprs' liability hert under or upon the debt hereby secured. No sale of the premises hereby mortgaged and no forbearante on the part of the MORTGAGEE w iis succeswn or assigns and no extension of the time fw Ihe payment of the debt hereby secured given by Ihe MORTGAGEE or ifs successors or assigns, shall operale lo release, dixharge, modify change or affect 1he original liability of the MORTGAGOR herein, eitha~ in whole or in psrf. 10. It is specifically agreed that time is of the essence of this contract a.+d that no waiver of any obligat~on hereunder w of the obligation sr cured hereby sha11 at any time thereafte~ be hetd to be a waiver of the te~ms hereo( a of tlx instrument secured F~erby, 11. In add~tio~ to the forego:ng monthfy paym~nts of princ"pa( and inferest required by the promissory note secured hereby, mortgagor covenanis and agrees to pay to mortgagee with each monthly payment an addirional sum estimated by mptgagee to be eqval to 1/12 of the annual cost of the follow- in9: A-All real prope~ty tazss levied or assessed against thc above deuribed real estate. B-Premiums on fire and windstorm insurance as herein requ:red to be carried on the improveme~ts situate on the above destribed premises. C-Vremiums on such mortgage guaranty insurar:ce as mortgagae shall from t~me to time deem fit to tarry on the loa~ secured hereby. Mortgagee shall from t+me to time notify mortgagor in wr;ting of the amount due and payable hereunder a~d such sum shal) thereupon be due and• ~ayable on the due date of the nezt month!y payment a~d each successive month rhereafter ur,ril mortgagee shaU notify mortgagor of s change in s~ch amount. Such sums sha!I be applied by mertgagze toward the payment of real property taxes, insurante prem;ums, and mortgage g~aranty insurance p~emiums. IN WITNESS WHEREOF, the sa~d MORTGAGOR has hereunto set his hand and seal the day and year !ir aforesaid_ igned, Sealed and deliv in the preserue of: ' a~ J ~ - C( f _Hoaard F. Horre . a sia ~le a,~y~t rc-•n c ,c ~ STATE OF FLORIDA Y~i: couNnr of St . Lucie # ; .;,•'~j,.~,, Before me personatly appea~ed Howard F. HOMe ~ a single aClU~.L . ' f~~ ; i ; = ' v~ ~ii ' ------~~-------Ti`~s wi~e, to me well kr~owd~and IeSwvr~-iR me ty,~ ~ the individual~ dtscribed in and who executed the foregang instrwne~t, and acicrwwledped befwe me that ~hey exetutld ibe saQit' fix~wr,~es~?G ' . ~ rherein expressed. Ar~~lhe~aa' ~ ~'~..~.iL..~ - ..~.t-a~-~~a-----------------------------•---~------------ ~ ~ ~ rxe,n;naiia~rbr,r~rskrrrxperot~snd~parrirt~ntN~rsaRH~osDaftd-Ri~he~At Rf'YOafRTtR10f!'FfA!'rRlT~Ifl~liftltDt!!f'lS~~t$!pllK~iR.'! . ~ ^ : ~er+sp•nd-v?~N~vu?aRy-cen,pulstair,tarRtrefnr,apprt,~hepqa,rol~i~ar~etar 110sS~RQ:-------------"---~-' ` WITNE55 my hand and oificial seal thi~ T J~_ day of , fi~ k~~p, ' 7s` ; . . ~ i - ~ ~ ~ C' ~'1 i + tt` ~ -i , ~ Notary Public in and for the State of Florid~ Klar~e, ~ Return To: My Commiss'wn expires: . First Federal Savings S toan Associat]on NOTqRY P Of Fort P~erce. U~C, ~Aj~ p( F'(~R~~ Fort Pierce, Florida MY ~N~~~~~N EXP~RES JAN. 7, 1971 6i""p ~~h Amorican 8ani~s~ tpuar,s~ Oa i This Instrument Prepared By D. F. Holesger f LEO A~v KECORCEO First Federal Savings 8 loan Association f~.l,tlClt COItNT/ f~A. of Fort Pierce ~ Fla, aOGEFi ?~tTRAS ~ ; ~FC~RR YfR!f jE~ COURT ; Checked 8y ~ ' r~ Miu? ~I 4 30 ~H'?3 I lOOK~1V PACf ~~O 5 ~ 25363 ' _ - - - - _ . . _