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Home My WebLink About2756 3. To pl~c~ snd continvouily ke~p on fM bu~ldinQs rww a Mre~(~K sitwq on ~aid land ~nd o~ all equipme~t ~nd p~~wnally cowr~d by 1N~ mat9- sp~, with ~11 pr~m;wna tMrwn p~id in full, fire insuraote i~? 1h~ uiual ~~~ndard policy fotm, in • t~m approvtd by Ih~ MOR.*GAGEE, ~nd winds~am inwra~c~ in tF» uswl s~a++dard pol~cy torm. in ~ wm approvd by tM MORTGAGEE, in s~ch company w comp+~ie~ a ~M MORTGAGEE en~y db~ctj a+n! all ik~ ~nd wir?d~eam inwr~r?q policia on ~ny of t~ld b111I~~11Qs. ~flY If1~HHt ~I1N~If1 01 Pif~ fFIMfO~, in tM ~pyre9~~~ wm afa~said or le ~ac~s~ ~her~of, shall contaio ~M uiwl standard morr~~ claus~ or ivch alwr cl~uw ~i tM MarapN may rpv;.+. makb+p ?M lou vnd~. sa~d poli~ c~. each ~nd ~v~ry. paYabN a said MORTGAGEE a~ its inte~est may ~ppea~. ~.d each +nd ~vay ~uch pol~cy shetl b~ promptly ~is•yncd and deliv~red ~o any held by said MORTGAGEE as fu~thar security to s~id r?wrty~~ debt, and, nat I~s~ 1Mn t~n (10) dayi io ~dvance oi tM eapi~atan of each polity, to da ~ivN to s+id MORTGAGEE a rtnewal tMreof, togethN with a rKeipt fw tM pi~mium of wth rtnewals ~nd ther~ shall b~ no fi~e o? wi~dslam insut~nte plsc~d on ~ny of ~aid bvildin~s, ~ny interest tMr~in w part /MtlO~, vnleu in th~ fwm ~nd with tM loss payabl~ u ~fwes+id; and in tlw ~va+1 any iwn of nwrKy becpmq payabl~ undM ~uch policy a policies aid MORTGAGEE slwll haw ~M oprion ro receive and spp?y 1he same on accounl of the indebted~ ti neu sstwtd hu~by q ro permit ssid MORTGAGORS lo reteive and trfl it p a~y pa~t ther~ol for other purpoaes, wiihout tha+eb~ waivi~ig or ~mpair- ~nq any equity, lien p right undN w by virtw of this mortpayej and i~ ths ~vent sa~d MORTCsAGORS ihall ta any reason fait ro keep ~he iaid pr~+nises ao insured, o~ f~il b detivtr promptly ~ny of said polities of inswante to said MORTGAGEE, a fail p~omptly to pay fully ~ny premium therefo~ or i~ any respect fail w pafam, diuharge, execvte, eifect, complete, comply with ~nd abide by this eove~ant, a~ny part hHeof, uid MORTGAGEE may pi~ce +nd , ~ pay for tuch Inwrarx~ or any part thereof w~thout waivirp w ~ifactinp aoy option. li~n, eqv7tY. a right unda a by virtue of this Ma~9~ys. and the full amo~nl ot each ~nd every such p~yment ihall b~ immediately due and payabk and ihsll bear interest from ths date thereof ~~til paid at the ~at~ ol n~ns per centum per annum and togethe~ wi~h such interest shall be secu~ed by tM litn of this mortgage. 4. io permit, opmmit or suffe~ no waste, impairment a deteraratiw~ of said propa~fy w any parf thaeof. S. To p~y all snd sinpulu ths costs, charpes ~nd expe~ses, including a reaawubJe at~aney i fes snd wsts of abst~sds of title, incurred or p+id at ' an time ~ Y bY ssid MORTGAGEE, betausa or in the event of ~he failure on the part of Ihs ssid MORTGAGOR to duly, promptly and fully perfam, d~uharqR, ~ execute, ef(ect, csmptcte, con+ply with ar+d ab;de by each snd every the stiputs~ions, agrecments, conditions, and cove~ann oi sa;d promiuory note and ~h~i mwryape any or ather, and wid costs, cMrges and expenses, esch and every, shall b~ immediately due and psyabte; whe~her a not there be no~ice d~ mand, attempt to colled or wit pe~d~ngj and the full amo~nt of sach and every wch psyment shsll bea. interest from the date thereot u~ril p~id at the rate of nine p~r tentum per annum; a~d ail said costs, charges and expenses incurred or psid, tagether with such intereit, iMll bs secured by the lien oi thi~ mortpap~. 6. ihat (a) in the event of any kxeach of this Mortgsge w default on tM paA of the MORTGAGOR, w(b) in the eveot any of said sums of nansy ; herein referred to bs not promptly and fulty paid within thirty (90) daya next after the same seve~ally betorne due and pay+bls, without demsnd q tqtite, or {c) in ths evem e~ch snd every the stiputa~ions, agrecmen~s, conditans and covenints of sud promiuory rwte and th~i mortgage any w either are nol i~ly, ptwnQtly ~~+d fully performed, dixhsrged, executed, effected, completed, compfied wi~h and ab~ded by, then i~ either w any such event Il~e aaid a~ gregate sum mentioned in sa+d p?omissory note then remaining unpaid, with interest acuued, and all moneys secvred hereby, shall beca+u d~e and p~y- ; abte fwthwith, or tlxrea4ter, at the option of said MORTGAGEE, as f~lly and completely a~ ii all of the said wms of money were aiginally st~puleted to be paid on such day, anything in said promissory note or in this Mortgage to 1he contrary nofwithstanding; and lhereupon w thereafter at the option of ~ said MORiGAGEE, without notice w demand, suit al Iaw or in equity, therefore ot thereaitcr begv~, may be proxtvted as if all moneys secured hereby nad maturtd prqr to its institution. i 7. That in th~ event that at the beginning of w ~t sny tirrK pending any wit upon thfs Mortgsge, or to fweclose it, or to refwm it, or to enforce paymcnt of any claims hereunder, said MORTGAGEE sha11 apply to the Court hsving jurisdidion thereof fw the appointment of a Receiver, such Cwrt shall Forthwith appoint a receiver,of sa~d mortgsged property all artd singular, includu+g all and sinyular the income, profits, issues ared revenues faom whafever sevrce derived, each and ercry of wh;ci~, it bc~ng expressly understood,_ is hereby morigaged ss if speclficalty set forth and dewibed in the grantiry and habendum dauses hereof, and such Receiver shall F?ave all the broad and effective tunct~ons and powers in enywiu eMrusted by a Court to a ReceivN, and •~ch sppointment shaq be made by such Court aa an admirted equiry and a mittc~ of absotute rigbt lo ~said MORTGAGEE, and without reference to fhe adeq~acy or i~adeqvacy oi the value of the property mqrfgaged or to the sowency or ~nsolvency of said N10RTGAGOR a the defendanb, and that such F renu, profin, income, iuues and revenues shal: be applied by such Rcceiver according to the lien or equity of said AAORTGAGEf and the practice of svch CovA. ' ~ ~ 8. To duly, p~omplly and fully perform, diuharge, execute, effect, complete, comply with and abide by each and every the stipulations, ~grecme~ts, ~ co~ditions u~d covena~ts in sa~d promiuory note and thn mortgage set forth. 9. That in tF~e evem the ownership of the mortgaged pren+ises, w any part thereof, becomes vested in a person other than the MORTGAGOR, tM MORTGAGFE, iri successws and assigns, may, without notice to the MORTGAOR, deal with such successor or successor in interest with reference to this mortgage and the debt hereby secured in the same manner as with Mwtgagw without in any way ~vifiating or discharging tFie Mongagors' li~bility herr ' under ot upon the debt hercby secured. IVo sale of the Frem;ses hereby mortgaged end no fwbearante on the part of the MORTGAGEE w its successors ~ or auigns and no extertsion of the time for the payment of the debt hereby secured given by the MORTGAGEE or its s~cceuots or suegns, shall operate to releass, diuharye, rtadify change or affect the original liability of the MORTGAGOR herein, either in whole or in part. 10. It is speNfically agreed that time is of the essence of this contract and that no wsiver of any obligation hereunder w of the obligation sr ~ cvred hereby shall at any time thereafter be held to be a waiver of the terms hereoi or of the instrument setured herby. , 11. In additioa to the fwego:ng nwmhly payments of princ'pal a~d inte~est required by the promissory note secu?ed hereby, mortgagor tovenants , and agrees to pay to mortgagee with each monthly payrnent an add~~ionat sum estimated by mortgagee to be equal to 1/12 of tbe annusl cost of the follow- in4= . _ . . A-All real property taxes levied or assessed against the above described real estate. B-Premiums on fire and winditorm insurance as herein req~~red to be carried on the improvements sit~ate on. the above described premises. C-Premiums on such mutgage guaranty insu~ar.ce as mortgagee sha11 irom time to time deem fif to carry on the loan secured hereby. Mwtqagee shall. from time to time not;fy mo~tgagor in writing af the amount due and payabte hereunder and such sum shall thereupon be due and ~ payable on the due date of the next monthfy payment and each successive month thereafter ur.til mo?tgagee shall ~otify mortgagw of a thange in such amount. Such sums shall be applied by mwtgagee toward the payment of reat property ta:es, insurarxe prem:ums, and mortgage guaranty inswance premivms. IN WITNE55 WHEREOf, the said MORTGAGOR has hereunto set his hand a~d scal the day a~d year first afa id. g ed, Sealed and de 'vered in the presence of: \ •n Ra s ,q n ' I la Ke sle= ,L,i~ ~ STATE Of FLORIDA j COUNTY OF SL. LttCle ~ i Before me penonally sppeared Ra~ K~:1Qr ' IZ~ ~s1Q! his wife, to me well knpwR snd_jcpown tp ~e fo bs ! the individuals destribed in and who exetuted the foregang instrument, and sckrwwledged before me that they execvted, 1be,~same,,4W f11e psqppaes ~ rherein expressed. And the said I li , ~@ fl~Y L j lt8 IC@ S1Q! ~ . ~ , wife of ths said tlpo~' ~,~farate ahd prjY~ i examinsYwn by me taken uparate and apart from her said husband, acknowledged to and befwe me that she execute~sa' + trotr~en},ftilly ari~ volud~ ; tarely tnd withovf iny compulsion, constraint, spprehension, fesr of w from her said husband. :~~;~`J~. J C';'; ~ ~ WITNESS my hsnd and official seal this ~a~L day of JUfl@ • ' ~ p,~.~_ j • . , > ; ~ u~ , _ . . , ~ , ' Notary Public in and for tlft s.of, i~C'~t~~e My Commiuion expires: % ' • 1 : ~ Retu~n To: . , . j . ? _ V.1 :l . Firtt Federal $avings 3 loan Association , Of Fort Pierte. • ' Fort Pierce, Flor~da NOTARI( PUBUC, STATE of FLORIQA n tARGE i MY COM~IISSION EXPIRES SEP(. 25. 1975 8onded Bp Jlmericw Banlcus IasuRace Co. ~ This Instrument Prepared By Wm. B. B=aun f~~EO ti'~! kECORDE ` First Federal Savings b Loan Association SL IUCtE GaIsNTY fL~. ; of Fort Pierce ~ Flozida R4r,~: :=?~TRAS ~ ' CLEPt. ,;:F~~ :31T COURT ~~~5 ` : ~ Checked By~_ p~~r.a7 v; ~ ~ ~ . gooK214 5 ~I o9 AH'73 ~~z7~ ~ ~ , ~ -~r~ ~ r ~ - - - - - _ _ - - i = :v ~r ~ '~F _ _ - -