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Home My WebLink About1213 ~ J. To plac~ and conlinuou~ly keep on the buildinyi now w herea(Itr ~i~wt~ oe~ ~aid iand a~d on all equipmero a?d pertonally covered by thii mort9- s9~, with all ptemiumf therco~ paid in fvll. (iro insurant~ in ths utusl ftandard policy (orm, in • avm app~vv~d by Ihe MORTGACEE, and windstam inswanc~ In the ~iwl ifandard pofcy iam, in a wm •pproved by ~M MORTGAGEE, in iuch company w compa~isi a tM 1NORTGAGEE may diractt and ~II (in ~nd w~r?ds~orm insurance policiei on ~ny of ssid build~rq~, any im~roi~ rhereio o. pan thereoi, in tM aqyre9aft ~vm ~fpeiaid w tn ~xceis thcreof. thatl conrain the viwl standard mor?gaQe~ clauH u such otl?K claui~ ~s tM Mortp~ye~ m~y requi~~. ma?inp tM los~ unda ta~d poli~ c?ei, e~ch and evay, payabls to s~id MORTGAGEE as its interest may sppsa~, ~nd each ~nd every ~uch policy ~hall be promptly ~u:yned and delivered ro •ny held by uid MORTGAGEE af further security to iaid matgage debr, ~~d, not less than ten (10) days Fn advancs of the txpiratio~ of each policy, to de- . livsr to said MORTGAGEE a renewal thereof, Ioge~F?N with • receipt fw tM premium of ~uch renewal; and tMr~ thall be rq fire a windi~orm iniu~~~c~ pl~ced on ~ny of said bui~dings, ~ny interetl therei~ q part th~reof, u~leu in tl?~ form and with 1M ~ou pay~bte ~s afwesaidt +~d to the evenl any sum of mon~y becpma payaWe u~ iuch policy a policies said MORTGAGEE shall have ~hs opt~on to receive a~d apply the same on accoun~ of the indeb~ed- ~ess securtd hereby or to petmit said MORTGAGORS to reteive and us~ it p any part thereof 1w ofher purpoaes, wi~hout th:r~b~ waiving o~ ~n~pair- ing any puity, lien w right under a by vi~tw of this morsyage; ~nd in tF~s ~vent wid MORTGAGORS shall for any reasw? fsil to keep the ssid premises w insured, w fail to deliver promptly any of said policies of insu~~ncs to said N10RTGAGEE, a fail promptly to pay fu~ly ~ny premium tlxrcfw a in any respect (ail 1o per(o?m, discharge, execute, e(feN, complete, compty wirh and abide by ~his covensnt, or ~ny parr hereof, wid MORTGAGEE may pl~ce and pay fa tuch tr»u~ance a any pa?t thereof w~thout w+iviny a affecting any option, lien, equity, a right under w by virtue of this Mortgaye, ~nd the full amo~M of each and avery ivch payment shall be irtwxdiately due and payable uid thall bear interest from the dats thcreof uotil paid at tl~a rate of ' ~~~+e pa centum pe~ annum and to~ether wi?h sutA interest shall be secwed by the lien of thia mortpage, ' 4. To parmit, commit or suffer no waste, Impeirmenf w detHio~ation of ~aid propcrty or ~ny pa?t thereof, S. To pay ~ll snd sing~lu the costs, charges and expenses, including a reason~ble attwney's fee and costs of abstracts of title, incurred cr ~aid at ` ! any time by said MORiGAGfE, because w in the event of the failure on the part of the iaid MORTGAGOR to duly, promptly and fully perfwm, d~uharge. executs, ef(ec4 complete, comply w~th and ab~de by each and every the atlpula~ions, agreements, condit~ons, and covena~h of said prom~ssory note and ihii mortgape s~y a either, and sald costs, chargei and expenses, each and every, ~MII be immediately due and payable; whether o~ not there be notics da mand, attempt to collett or suit pcndinpj and the full amount of each and cwery suth payment shall bea? iaterest,hom the date ihereaf until p~id at the rate of nine per centum per aru~um; ant3 all said costs, charges and expenses incurred w paid, togethet with auth interest, shall be secured by the lien of thi~ mortga~s, 6. That in tFM event of a~y breach of this Matgage or default on the part oi the MORTGAGOR, or (b) in the event ~ny of sa~d sums of money he~eln rsferred to be not promptly and fully paid within thirty (30) days nexl'af~er the same severally become due and payable, without demsnd or notice. or (c) in the event each and every the stipulations, agreements, conditions and covenants of sa~d praniswry note a~d th~s mwtpage a~y o~ eithe~ are nof iuty, prompNy and fully performed, d~uharged, executed, effected, completed, compGed with snd abided by, then in either a any such eveM the sa~d ag gregate sum rtKntio~d in said promissory note then remaining unpaid, with interest ~ccrued, and all moneys aecured hereby, shall become due aod pay- able iwthwith, p tFmreafter, at the option of uid MORiGAGEE, as fulty and completety as if a!I of the said wms of money were wiginally stiputated ~ to be paid on such day, anything in said promiuory note w in th':s Mortgage to the comrary notwithstanding; and ~hereupon w theresfter at the option of said MORTGAGEE, without notice w demand, suit at law w in equity, therefwe w the~eafter begun, may be prosecuted ss if alt rtwney~ secvred hereby had matured pnor to its institvteon. 7. That in tF?e event that at the beginning of w at any time pending any suit upon this Mortgsge, p to foreclose it, o? to reform it, o? to enforce payment of any claims hcreunder, said MORTGAGEE shatl apply to the Court hsving jurisd~ction theieof for the sppointment of ~ Receiver, such Coun shall Forrhwith sppoint a receiver of said mwtgaged property a!I and singula~, includ,ng all and singular the income, protits, issues and reversues from whatever source derived, each and every of wh~ch, it being expressly unders~ood, is hereby mw~gsged a~ if; specifica(Ir set fwth and dtsuibed in the Q.anting and haber~m clauses hereof, and such Receiver shall have atl the broad and eNective funct~ns and pcwe~k i~ anytv~ie"entrv;ted by a Court to a Receiver, and such appointrtxnt ahall be made by suth Court as an admitted equity and a matte~ of absolute ~igM to 'said MORTGAGEE, and without referente to the adequacy w inadeqvacy of the vatue oi the property mortg~ged or to the sotvency a insolvenc~?•df '~aid.MORiGAGOR w the defe~dants, and rhat such rents, profits, i~come, iuues and revenues shatl be applied by such Receiver accordinq to the lien dr ~6qvity of said MORTGAGEE and the practice of such Court. 6. To duty, promptly and fully perform, diuharge, execute, effect, complete, comply with and ab~de by each and every the stiputations, agreements, conditions and covenants sa~d promissory nore and this mortgage set forth. 9_ That i~ the eveM the owrrerthip of the mortgaged premius, w any part thereof, becomes vested in a person othet than tht MORTGAGOR, the MORTGAGEE, its succeuws a~d auigns, may, without no~ice to the MORTGAOR, deai with such successa w succeswr in inte~est with reference to this mortgage and the debt hereby secured in the same manr?er as with Mprtgagw withoof in any way vitiatieg a d;xharging ti?e Mortgsgors' liability F~err under or upon the debt hereby secured. No sale of the premisea hereby mortgaged and no forbeara~ce on Ihe part o/ the MORTGAGEE or its sutcessors or assigns and no extension of the time fw the payment of the debt hereby secured given by the 1NORTGAGEE w its successors or assigns, ahall operate ro release, diuha~ge, rradity thange a affect the original liab~lity_ of the MORTGAGOR Fxiein, either in whale or in part. )0. It is specifically agreed that time is of the essence of this cor~tract and that no waiver of any obligation hereunder w of the obligation se- cured hereby shall at any time thereafter be held to be e waiver of the terma hereof u o( the instrument secured herby. 11. In add~tio~ to the fwe9o"ng.monthly payments of princ"pal and interest required by the promisaory note xcured F~ereby, morigagor covenanfs and agrees to pay to mortgagee with each monthfy payrnent an add~~ional sum estima~ed by mortgagee to be equal to 1/12 of the annual cost of the follow- ing: - • A-All rpal property taxes levied or aszessed against the above descriyed real estate. B-P~emiums on fire and windstwm insurar.ce as Rerein reqv~red to be ca.ried on the improvements situate on the ~above described premises. C-P~emiums on such mortgage guaranty insurance as mortgagee sha11 from t:me to time deem fit to carry on the ban secured hereby. Mortgagee sfiall from time to t~me notify mortgagor in writ~ng of the amount due and payable hereundrr and such sum shall thereupon be due and Fayable on the due date of the next monthly paymeM and cach successive month thereafter urtil mo~tgagee shall notify mortgagor of a changr in suth a~nounl. $uch sums sFall be applied by mortgagee toward the payment of real property taxes, ins~rance prem:ums, and mortgage 9uaranty insurance premiums. , IN WITNESS WHEREOf, the said MORTGAGOR has hereunto set his hand and seal the day a year first afaesaid ' Signcd. Se:led and delivered in the presence of: . . ~ n ~ f obert A. Schreiber ~ ~n i - ~ > > .(SeaD ~vllis M. Schreiber ~~aq S7A;E OF FLORIDA ~ CCUNiY OF ' $t • ~C~@ ~ eefore me perwnally appeared A~ Schreiber and - Phv~lis M. Sehreiber his wife, to me well known and known to me to be fhe individ~als deuribed in and who executed the foregoing i~strumem, and acknowledged befwe me that they executed the same for the purposes rherein expressed. Arx! the said_ ~S~iiiS HI~ Sehreiber w~fe of the said RA~Prt A_ SC11YQ~ Y upon a separate snd private e,camination by me taken sepa?ate and apart from her ssid husband, stkrawledged to and before me that she exetuted said instrument fr4ely and vol~n- _ ~ar~fy and without any compulsion, constrai~t, apprehe 'on, or fear of or om her said husband. ~ WITNE55 my hand and official ual thi ~ day{ of / A. D.,t9~ j i - ~ , % ~ i` i 'C ~ _ j , f ~ Notary Public in and fw the e of f af ~Larys f , Rewrn To: My Commission expires: f First Federal Savings 3 Loan Associat~on ~p~ p~B:l~ SfAT~Of FI~R1Dl1 ~L~ _ Of fort P:erce. . ~ Cp!,;1d:SS'ON ~f~LS;`Id~EC. 29.: l~~g= Fort Pierce. Florida +~h~fy 6onded Tr.: 't e•ti~GerNiliuc7.~ U ~ ~i.r~ -•~•5=.~~'r~ ; ' ~ 2- y " . 'ti : . ,,a . ~ This Instrument Prepared By John k'. Collins ~ First Federal Savings 8 loan Association ~ip, ~ • of Fort Pierce , Florida ~L~£.CQ ~ ~ ~lia Fr P Checked 8 C4ER~C;:;~~ t., . ~ . ~,cC~ai~.y~f:1= I~~y..r-_ ,~r~~ ~oR~214 Pa~E~2 1~ ;s _ . ~ _~.r._ ~ - - ~ ~ ; ~ _>.x-~ ~