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Home My WebLink About0086 3. To ptaco a~d cont~nuouily keep on the bui:d~ng~ now a heraafrer ~ituate on sa~d lend a~d o~ ~If cqu~p~nent and pc~sor~atly cove~ed by this mwtg- ~g~, with ~11 prem~ums fhercon pa~d in fvil, fi~e insu~incs in the vsual sranda~d poticy form, in a tum approved by tha MORIGAGEE, and windstorm ~nsu~ance ir? the usuil panda~d pot~cy fwm, i~ a aum ~ppraved by ihe MORiGAGEE, in s~ch company or compan~es ~s ?he MORTGAGEE may direcr; ard a11 (ue and w~ndstorm insuronce policies on a~y of sa~d build~ny~, any interes~ the~e~n a part ~hereof, in the aggregste s~m ato~esaid or in ~xttu tt+ereof, shall tontain the ~sual s~anderd morlgagee clavse or iuch oiher c~ause as tht Mwtgagee may requ~r~, making the Ioss under ~aid poli- c~ss, each ~nd every, payable to said MORTGAGEE ai ~~s intcre~i may appear, end each and every ivch policy shall tre promprly ass gned and delivered ~o +ny held by ~aid HIOR(GAGEE as furrhe~ security to said mongage debt, and, no~ leu ~han len (10) days in advance of the eapiratiw? of each policy, to dr IivK to said MORTGAGEE a re~+ewa! ~hereof, 1ogNher with a receipt fa the premium of svch renewal; and there shall be no f~re or w~nds~orm insurancs pl~ted on ~ny of ssid buildings, any interest therein or part thereof, unless in ihe forrr? and with ~M loss payable as afwesaid; and in the event any sum of nwn~y becomsf payable under such policy or poGues uid MpRTGAGEE shall have ths option ro receive and apply the same on accoum oi the indab~ed ness iecur~d heroby a b permil said MORiGAGORS to receive and us~ it or any parf Ihereof tor onc~r purposrs, r~ithout thrreu~ waivin~ or ~mpair iny any eQu;ty, lien a right under o? by virtue of thii mo:tgage; and in the evenl wid MORTGAGORS shal~ fa any reason fail to keep 1he saiJ premis~s so intured, or fail 10 delivet promptly any of said policies of insuraMe to said MORiGAGEE, w f~~l promptiy fo pay fully any pre:nium therefw u in any re~pecf tail ta perfwm, diuharge, executs, e(fect, complete, comply wi?b and abide by this covanant, w any part hereof, said MORiGAGEE mey p~ace and pay (ot such insurante o~ any psrt thereof without waiving w ~ffcUing any option, lien, eqvity, or right undtr a by virtue of thii Mongage, and 1he full amount of each ~nd every such payment shall be immediatety due and payabie ancl shal! bear interest f~om ths date thereoi until paid at ~he ~ate oi n~ne Ae? tent~m per annum;and logethe~ with such interest shalf be secured by the lien of fhis mottgage. 1. To permit, commit q suffer no waste, impairment q deterioraYan of taid property w any part thereof. S. To pay sll and singutar the costs, cF?arges and expenses, including a reasonable attwney i fee and cos~i of abstracu of title, incurred or paid at any lime by said Iy10RTGAGfE, because or i~ fl?c event o( the failure on the part of the said MORiGAGpR to duly, promptly a~d fu~ly perlorm, d~xharge, execute, efiect, complete, comply w~th and ab:de by each and every the ~tipulations, agrerments, conditions, and to•ienants of said promissory note and this ~wtgays ~ny o~ either, and sa:d costs, charget and expenses, each and eve~y, shall be immediately due and p~yable; whether w nor the+e be no~ice d~ mand, attempt to colkct p suit pend;ng; and tM full amount of each •nd eve?y such payment shall bear interest from the date thereof until p~~d~ at the rare of nine per centum per an~ium; and all said tostt, charges and expenses incurred or paid, together w~th avch interest, ehall be tecv~ed by the lien o( thie mwtyaqe. 6. Thst ja) in the eveM of any breach of this Mortgage a dafault on Ihe part of the MOR7GAGOR, or (b~n the event any oF said sumi of mo~ey herein referred to be not promptly and fully paid within thirfy (30) days nex~ after the same severally become due and payable, Withput dlma~ O? ~Otite, or (c) in the event each and every the stipulatioru, agreements, corxlitions and covenanrs of sa~d prom~ssor~ iw~e and th~s matgage any a either are not ~uly, promptly and iutly perfwmed, d~scharged, executed, effected, completed, complied wi~h and abided 5y, then in e~ther or any such event the said ag- gregate wm rtxntioned in said promissoiy note then remaining unpaid, with interest accrued, and all moneys secured hereby, shalt become due and pay- able fo~thwith, or thereaftcr, af the opfion of said MORTGAGEE, as fully and completely as ii all ~f thc said sums of money were origi~ally st~pulated to be pa~d o~ such day, anything in said prom~ssory note or in lhis Mwtgage to !he contrary notwithstar~ding; and thereupon or thereafter at the option of sa;d MORiGAGEE, without notice or demand, suit at taw a in eqvity, therefore or thereafte~ begun, may be prosecuted as if all moneys secured hereby nad maturcd pnor to its insfitvtio~. 7. That in the ever,t thaf at the beginnirg ci ar st any time pending any svit vpon this Mwtgage, or to fweclou it, w to reform it, or to enfo?ce payment of eny claims hereunder, said MORTGAGEE shatt appfy to the Court having jurisdiction thereof for fhe appointment of a Receiver, such Courl shall forthwith appoint a receiver of said mortgaged property all and singular, includ~ng ail and s~nqular Ihe intome, prof~ts, issues and revenues from whatever source derived, each and every of which, it be~ng expressly unders~ood, ~s hereby mortgaged as if spec~fically se1 forth and dexribed in t1k g.anring and habendum clavses hereof, and such Receiver shall have all tF?e broad and effeuive funct~ons a~d powers in anywise entrusted by a Cou~t to a Receiver, and s~ch appointment shalt be made by such Court as an admitted equity and a rtw~ter of absotute right to said MORTGAGEE, and without reference to the edequacy a inaclcquacy of the vatue of the property mptgaged or to rhe so+vency or irtsolvency o~ said MORiGAGOR or the defendants, and ihat such ren?s, profin, income, issues and revenues shall be applied by such Receiver according to the lien or equity of said MQRTGAGEE and the practice of such tourt. 8. To du1y, promptly and fully perform, discharge, execute, effecf, complete, comply with and_ abide by eatA and eve?y the stepulatians, sgreemenls, conditions and covenants ~n sa~d p?omissory note and this mcuigage set forth. - 9. That iri the event the ownership of the mortgaged premises, oa any part thereof, becomes vested in a person other than the MORTGAGOR, the MORTGAGEE. its successas and auigns, may, without notice to the MORTGAOR, deat with such suctessor or_ successw in interest vvith reference to this mortgage and the dabf hereby secured in the same manner as with Mortgago~ without in a~y way vitiating w dischargi~g 1he Mortgagori liability F~err under or upon the debt hereby secured. No sa!e of the prem~ses hereby mortgaged and no (orbearance on fhe part of' Ihe MORTGAGEE or its sutcessora oc a:signs and no extension of the time for rhe payment of the debt hereby secured given by tbe MORTGAGEE or its successws or auigns, ahall operate to releax, d~uharge, modify ~hange or affect the original lia6it~ty of the MORiGAGOR lxrein, either in whote or iy part. 10. It is speuficatly agreed that time is of the essence of this contract and that no waiver of any obligation herevnder or of the oblgation sr cured hereby sha4 at any time thereafter be hetd to be s waiver of the terms hereof or of the insvumertt secured herby. 11. 1n add:tio~ to !he forego:ng monthly paymems ot princ'pa! and inte~est required by the prbmissory no!e iec~red hereby, mprtgagor covenants and agrces to pay to morigagee with eath monthly payrr.ent an add~rional sum estimated by mortgagee to be equal to 1 l12 of the annual ~ost of the follpw- ir,9; A-Ali real property taxrs ievied or assessed againsl the above described rea! estate. B-Prem;ums o~ fire and v~indstwm insuracce as herein requ~red to be carried on the imprQVemeats s~tuate on the above descr;bed premises. C-P~emiums on such mortgage guaranty insurar,ce as mortgagee shall from t~me to fime deem f;t to carry on the loan sec~red hereby. 1Nortgagee shail from time to time notify mortgagor in writ~ng of the amount due and payable hereunde~ and such sum shall tFereupon be due and ~.ayable on rhe dve date of the next month!y paymen~ and each successive month thereafter urtil mortgagee shall notify mortgagor of a change in s~ch ~~,ouot. Such sums sF.all be aopEied by mortgagee toward the paymeM of reai property taaes, insurance prem:ums, a~xl mwtgage guaranty insurance p~emiums• IN WlTNESS WNEREOF, the sa;d A60RTGAGOR hns hereunto ut his hand and seal the day and ye~r first afw , , Signed, Seated and del' d in the presence of: ~ e%Y ~ sn - z' ( ~ r Smit an cs~n - h a~~ ' STATE OF FLORIDA ~ ' ' CGUNTY OF St. Lncie ~ &fwe me penonally appeared M1aYne T• $II~ttl a~ ~ ~~l Susanne ~ltt1 his wife, to me well known and known to me to be F the ind~viduals dexr~bed in and who executed the fwegang i~strvmeM, and acknowiedged before me that they executed the sarrk for rhe pvrposes therein expressed. And tFu said Gail $IISZLIlI1B ~~t~1 ~ r~~fe of the said - waVl~e T Si~tb opon s separate and priv~te efaminaYwn by me taken separate and apart from her said huaband, acknowfedged to and before rtM that she executed said in~trument free~y, and vol~rr rarily and without any computsion, constraint, apprehensian, or fear of or from her said husband. 3 t L~' y Ma? ' i WITNESS my hand and official seal thiL da of Sr y:~A~'~q ~ ~ ~ ~ TZ' " Notary Publtc in and for tbe e of, Jorids jt large ' My Commission expires: - • - Retum To: = ~ - - _ First Federal Savings d toan Association ~ ~ t, Of Fo.t P erce. NN~I? ti~• ~~'a°+f ~°M . y ' Fort P~erca, ilorida 1My CNr~sisdK E+~P'n' Oa: i~l, ~r~- ~ . ~ da+d~ bp Amstican i~n ~ CasudtY G, . . . - ` ; • FIIEG ~H~ r~C~RaED This Instrument P~epared By J. H. RobeYts, Jr. ST.iUCtE ,,;?U.y7YFl~_ ~ g CLEF L^" ii,ile7AS ( First Federal Savin s& loan Association ~!-:'.t,;;, of Fort Pierce, Florida RFCr,R~ y_ ,:,r,~a ~C~~T ~ Checked By ~ ~N l i2 a~ PH ~7~ ~ 3~ox 215 `~~,E gg zs~~9 ; d~ - - - - - - - ~ _ _x ~ _ _ r~ x~- . ~