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Home My WebLink About1783 3. To plxe ~nd continuously keep o~ Ihe buildin9s now w heresfttr uiust~ on said lu~d and on ~II equipmero snd perion~lly covered by thii ma~g~ a9s, with dl ptemiums thereon pa~d in full, fire insursnte in tAe usual standsrd policy tam, in a sum approved by fhe MORiGAGEf, and winds?orm iniu~anc~ in tM uswl standard pof~cy form, in a sum approved by tfie MORTGAGEE, in such comp+oy a~ con+panies as the MORTGAGEE may direct; ~nd ~II iir~ a~d w~ndstam iniuranc~ pol~cies on ~~y of iaid bvitdinp~, any inte~est therein oi p~~t thereof, in IM a99rega~e ~um alaessid w In ~xttst Ih~reof, shall contain the uswl ~landud ma~ga9ee c+auie w iuth othar tiau~e ~s ~M Mutp~yee may requ~r~, maki~p 1hs loss under sa~d poli~ ciei, e~ch and every, payable ro said MORTGAGEE as its i~~erest may sppear, and each and every such policy thatl be promptly +ss.gned +nd delivered ro any held by iaid MORTGAG~E as furthe~ ~ec~~ity to said mu~gage debt, and, not leu thin ten (t0) days in sdvance of tFa expi~ation oi each policy, to da liw~ ro wid MORTGAGEE • renewal Ihe~eoi, together wi~h a rKeipt for Ihe pnmium oi such renewal; ~nd there shafl be no fire or wind~lorm insure~t~ placsd on ~ny of said buildings, a~y infe~e~t therein w part thereof, unless in tl+e fo~m a~d with the lou payabk ai sfwesaid; snd in the evanf any sum of morwy becomes p~yable unde~ sucA policy w policies taid MORTGAGEf ~hal1 have ~he opt;on ~o rcceive and apply the same on account of the indebted- neu iecured hereby or to permil said MORTGAGOR$ fo reteive and ute it p any part thereof 1or othcr pu~poscs, ~vi~hout Ih:reb~ waivi~ig o~ ~mpair- iny any equ~ty. lien a righr ur~de? or by virtus of this mo:tgage; and i~ ~he event iaid MORiGAGORS shal! for any reawn fail to keep the sa~d premiies so in~ured, a fai! to delive? promptly ~ny of said policies of insvrance to ia~d MORTGAGEE, or fail promptly to pay fully any premium therefw w in any - resped fail to perfwm, diuharge, ezecute, eftett, canplcte, comply with and abide by this mvenant, a•ny part hereof, said MORTGAGEE may place and pay fw such insura~te or any part fhertof wirhout waivi~g a afiectiny any option, lisn, equity, o~ right under a by virtue ot this Mortgage, and the fu11 amouot of each and every such payment shalt be immediately due ~nd payable and shall besr intereat irom the date thereof until paid at the rate of nine per centum per annum and together with tuch interest shal( be secured by 1he lien of this mwtgage. 1. To permit, commit or suffer no waste, impeirment w dererioration of said propeary w any psrt t!?areof. S. To psy ~N and urpular the coat~, cfwrges and expenses, including a reasonable attorney's fee a~d coati of abstracts of title, incur.ed or paid a~ any tirrK by said MORTGAGfE, because w in the eve~t of the tailure on the pa~l of the said MORTGAGOR to duly, promptly and fully perfam, diuharge, rxecute, effect, complete, comply with and ab~de by each a~t every the stipulations, agreemenn, conditions, anJ covenants of said p~omissay note and ~his mortgage any w ei~he~, antl said costa, charges +nd expe~ses, each and every, sMll be immediately due and payable; whefher or not there be notice dr mand, attempl fo collect a suit pending; and the (ull amounl of each and eve~y s~rch paymen~ shall bear interest from the date the+eot unJi{ psid i1 Ihe ~are of n+ne per centum per annum; and al! said costs, tharges and expenus inturred w paid, Iogether w~th such int~resl, shall be sKUred by the lisn of thii mortgsy~. b. That (a) in the event of a~y breach of this Mortgsge or default on the parl of the MORTGAGOR, w(b) in the eve~t any of iaid svms of rrane~ herein ~efNred ro be ~of prompNy and fully paid within th~ny {3p) days nex~ after the same severatly become due and payable, without demand w notice. or (c) in ths eve~t each and every the stipulations, agreements, co~+d~tions and covenants ot sa~d promiuory note and th~s mortgage any w either are not ; i~ly, promptly and ?ully per(o?med, d~uhargett, executed, effected, compteted, compl~ed with and abided by, then in either or any wch eve~t the said ag ! gregate sum mMtio~xd in said promissory note the~ remainir?g unpaid, with interes~ accrued, a~d ail moneys secured hereby, ihall become due and pay- able fathwith, w thereafter, at the ootion of said MORiGAGEE, ss fully snd completely as if ali of fhe said sums of money were originally it~pulated ~ ro be paid on such day, a~ything in sa;d promiuwy note a in this Mortgage to the contnry notwithstanding; and thereupon or tbereafte~ at ~he option of said MORTGAGEE, without notite w demand, suit at law ot in tquity, there(ore or thereafter begun, may be prosecuted as if all moneys secured hereby had matured prwr to its inttitution. 7. That in the evenl that ar the beginning of a st any fime pcnding any suit ~pon this Mortgage, w to faeclose it, o? to reform it, or to enfwce payment of any claims haeunder, said MORTGAGEE shall apply to 1he Court havirv~ jurisdKfion thereof fw the appointment of a Receive?, such Coun shall for~hwith sppoint a receiver of said mortgaged property all and singutar, includ~ng all and siogula~ the irtcomb, pro(its, issves and revenues from whate~er source derived, each and every of whrch, it being expressly understood, is hereby mortgaged as if spec;fically xt forth and described in the granting snd habendum clauses herewf, and such Receiver shall have atl the tuoad and effettive fvncnons and powers in anywise entrusted by a Cou~t fo a Receiver, and ~ wch appoiotment shall be made by such Covrt as an admived equity and a matter of absolu~e ~ight to sald MORTGAGEE, and withoul reference fo the i adequacy w i~adequacy of the value of the property mor~gaged or to the so~vency or insolvency of said MORTGAGOR a ~he defendants, and that such ~ renrs, profits, income, iuues and revenues shall be apptied by such Receiver according to the ~icn or equity of sa;d MORTGAGEE and the practice of such Court. 8. To du1y, promptly and fv1ly perform, discharge, execute, ef(ed, comptete, comply with and abide by each and every the stipulations, agreements, :onditions and covenants in sa~d promissory note and this mwtgage set fwth. 9. That in the event the ownership of the mortgaged premises, or any part thereof, becomes vesfed in s person other than the MORTGAGOR, the h10RTGAGEE, its successors and assigns, may, without notice to the MORTGAOR, deal with such succeua or successor in interest wi~h reference to this ' mortgage and the debl he~eby secured in the same manner as with Mortgagor without in a~y way vitiating or diuharging the Mo?tgagors' liability hero- urder or upw~ the deD~ hereby secured. No sale of the premises hereby mortgaged and no forbearante on the part of the MpRTGAGEE w its successws or assigns and no extension of fhe time fw the payment of the debt hereby secured give~ by the MORTGAGEE or its succtssors w suigns, shall operate ~o releax, discharge, modify change or affect the original liab~l~ty of the MORTGAGOR here'~n, eifber in whole or in part. 10. It is spec~ficafly agreed that timc i~ of the csxnce of th;s contrac~ and that no waiver of any obtigation 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 herby. 11: In add~lion to the fwego:ng monthly payments of princ'pal and interest ~equired by the promissory nole secured F~ereby, mortgagor covenants a~d agrees to pay to mortgagee with each monthly payrnent an addiriona! sum est~n,ared by mortgagee to be equal to 1 j 12 of the an~ual cost of the follow- ; ;ng: - S A-All reat property taxrs levied or assessed against ~he above desaibed real estate. B-Premiums on iire and wir,dsto.m insurance as herein requ~red to be ca.ried on the improv;:me~ts situate on the above described premises. C-Premiums on such mortgage guaranty iRZUrar~ce as mortgagee shall f~om t;me fo time deem fit to carry on the loan secured hereby. Mortgagee shail from time to time notify mortgagor in writing of the amou~t due and payable hereunder and such sum shall thereupon be due and ca~able on the due date of ~he next monthly payment and each successive month thereafter ur.til mortgagee shaf( notify mortga9o~ of a change in suct~ a^ount. Such sums shall he applied by mwtgagee roward the paymen! of real property taxes, insurance prem:vms, and mwtgage guaranty insurance ~ oremiumi. 7 i IN 1NITNESS WHEREOF, the said MORTGAGOR has hereunto set his hand and seat t6e day and year firof aforesaid. f Signed, Sealed and delivered in the prexnce of: ~ aq 1 11 Jr. (~,q J. " Sesq S7ATE OF FLORIDA ~ COUNTY OF _ ~'t~ L-i1G~ Q ~ I Before me personally appeared d riek J. M].2@l.l .Il^. snd ~ ; Mi~~.~tl@ .T-~ M12P1 ~ his wife, to me well known and known to me to be , rhe individuats desaibed in and who executed the foregoing insfr~rn~nt, and acknowledged before me that they exetuted the same for the purpoxs i i the~ein expressed. And the said Marlerie J. Mizell ; w~fe uf the sa~d ' Frodpri _lc Mi 2e1 1 JI upon e separate and private examinatan by rtee taken repu~te and apart irom her said husband, acknowledged to and before me lhat she execuTed said instrumeM freely and vauo- j rarNy and witFwv``~+~qy~^~f+l~j~~~jcpnstraiM, apprehension, or fesr of or from her said husband. I WITNESS~iny..Kand aixio(fic~dY,~l this ~ 3 day of May ~ a p. 19 73 ' ~ ~ ^ ~ ~ ti ~ • ~ ~f' ~O'~( A R y•~ V~ ' Notary Pubtic in and f State of Florida st large : ~ My Commiuion expires: 1 O~~ 0~ ~1 ~j ~ - ~ ~ ~ • = : _ . ~ R~~ . Fint Ft~eral ~~.avmps d. LqprCyASt~i~tfin % ~f ~o(~ $~Zrce . L ; ~~b~~.:::::d . , ~ FlLEO ehL RECORDED T ~ ST. LUC1"c COUNTY FIA. '''~~~''~~ri1~~••`~`~`` ROCEn ?Ot~RA$ ~ CLERK C~.~:+JIT_COURT - This Instrument Prepared 8y ~.H.Roberts, Jr. PF~e~~~ v~F:iF;~c ~ First Federa) Savings & Loan Association 17AY 25 3 42 PH ; of Fort Pierce , FlOrid2? Checked By~- 255401 ' ~ _ eooK 2~4 ~cE 1782 ' ~ ~~7 ~~rv , _ ' - - - - - . ~„~°'~~~~"~`t~~,~~h: ~ . ~ _ ~ ? ~ ~ . . ~~r~^~`~,:~8 _