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Home My WebLink About0474 q .I • 3. To plac• and conl~nvousty keep on the bui:dings now w hereaita aituate on said Isnd and on all equ7p~nent and personally covered by this mortg- •gi, w~T~ll premiumf Ihereon pa~d in full, i~1e insurance in ~he us~al sta.~dard policy (orm, in • sum approved by the MORiGAGEE, and winds~orm inswanc~ in ~he uaual srandard pol,cy lam, in a sum approved by the MORTGAGEE, in such company cr compan~ei as the MORiGAGEE may ~~rect; ~nd all (ire and w~nd~~orm inw~ance pol~ues w+ aoy of said build~ngs, any in~e~est therein w parl ~heraof, in the agqragare ium aforesa~d or in ~xcess Ihereof, shall contain ths usual standard ma~gagee clauu o~ suth o~her clauye a~ the Matgagee may requ~re, makiny Ihe loss urx~e~ sa~d polN c~es, ea<h snd every, payable to sa~d MORTGAGEE as ~~s interrst may appear, and each and every such polic~ sha~l be prompNy aisgned and del~vered to any held by said MORTGAGEE as furrhe~ aecu~ity to said mor~gage debt, and, nor less ~Mn te~ (10) days in advance of the oxp~rat~o~? oi each pol~cy, ~o ds- ! liver to said MORTGAGEE ~ renewal thereof, tofle~F+er with a recc~pt for the pr~mium of such rcnewal; ar~J there shall be no f~~e or windstor~n i~tvrance ~ placed on any of said buifdings, any interesf therein w par? thereof, unless in the fwm and with the loss payeble as aforrsaid; and in tha event any sum of monay becomes payable under such ;~olicy a po~~cies said MORTGAGEE shall have tha opt~on to rece~ve and app~y ~ha sa~~x o~ accoum of ti~e indebted- neu ucured hereby or to permit said MORTGAGORS to receive and use il p any part thereol for oti~er purHoses, v.~tho~t th:r~or wei~in~ o~ unpa~r- ing any equity, lien a r~ght under w by virtue of this mortpage; a~d in the evcnl sa~d MORTGAGORS shall fo? any reason fail to keep the said premisrs so insured, u fsil ro deliver promptly any of said policies of insurance to said MORTGAGEE, w fai! promptly lo pay iulty any prernium therefor w in a~y resped fail to perfam, d~scharge, execute, effect, complete, comply wi~h and ~bide by lhis covenaN, a any pa~t hr~eoi, said MORTGAGEE may place and pay fa such insurancs or any part the~eof without waiving or affectinp any option, lien, equ~ry, or righi undN a by virtue of lhis Mortgage, and the full amount of each and every such payment shall ba immed~ately due and payable and sHail besr interest from ths date thereof until paid st the rate o1 ~ nine per centum per annum and to~e~hrr with such interes! shall be srcured by the liee of this matgage. ~ 1. To permit, commit w su(fer no waste, impa;rment w deterio~ation of said property a any pa~t thereof, f S. To p+y all a~d singular the costs, charges and expenses, including a reasonable atta~+ey i fee and costs of abstrads of ti?!e, incurred or pa~d at ~ any time by said MORTGAGEE, because a in the event of the failure on ihe part of ~he said MORTGAGOR to duly, proenptly and fully perlpm, discharge. exxute, effed, complete, comply w~th and ab:de by each and every the st~pulat~ons, sgreeme~ts, conditiwu, and cove~ants oi sa~d promiswry note and ~h~s mortgage any w either, and sa~d costs, charges and eapenses, each and every, sMll be immediafely due and payable; whe~her p no~ ~here be no~ice dr mand, attempt to collecf w wit pending; and the fvll amount of each and every such payment shall bear interest Irom the date thueof until paid at the ~ rafe of nine per centum per anuum; arw all wid costs, charges and expenses iocurred w paid, together wdh iuch in~erest, shall be secured by the lien of this ; mortgage. ~ 6. Tha? (a) in the event of any breach of this Mortgage w defavlt on the part of tt~e MORTGAGOR,'w (b) in tlu eve~t any of u~d sums of money herei~ referred to be not promptly and fully paid within th~rty (30) days next after the same severaUy become due and payable, wi~hout ckmand or rwtice, or (c) in the event each and every the stipulations, agreements, cond~rions and coven~nts of sa;d promiuory note and th~s mortgage any or either are not ~uly, promp~ly and fulty pe~fwmed, d~scharged, ezecuted, effected, completed, complied w~th and ab+ded by, then in e~~her or any such event ~he said ag- gregate sum mentioned in said promissory note then remaining unpaid, with interes? accrued, and a:l moneys secured hereby, shati become due and pay- ab;e fwthwith, or thereafter, at the option of said MORTGAGEE, as futly and comp~etely as ii all of the said sums of money were a~ginally stipuiated ro be paid on such day, anything in sa:d promisswy note or in this Matgage to the contrary nofwithsranding; and thereupon a thereafter at the option of said MORTGAGEE, without nonce or demand, suit at law or in equity, therefore w thercafte~ begun, may be prosetu~ed as if all mo~eys secured hereby ~ nad matored pr~w to i1s institution. 7. That in the event that at the beginning ot or st any time pending any~yuit upon this Mwtgage, w to foreclose it, o? to refoam it, or to enface j paymeN of any claims hereunder, said MORTGAGEE shall apply to the Cour~ having jur~sd~ct~on ~hereoi for the appointment of a Receiver, wch Court shall ~ Forrhwith sppoint a receiver of said mortgaged property alt and singula?, includ~ng all and s~ngular the income, prof~ts, issues and revenues irom whatever source derived, each and every of wh~ch, it being expressly under:tood, is hereby mor~gaged as ii ipec~ficatty.spt lotth and described in the gran~ing and _ t habendum ciauses hereof, and such Receiver shall have all Ihe broad and effective func~.or~s and powers in anywi~c entrusted by a Court to a Receiver, and such appointment shall be made by such Court as an admitted equity and a matte~ of abwlute r'rght~ to said MARIGAGEE, and without reference to the edequaq or inadequacy oi the vafue of the p?operty mwtgaged o~ to the sorvency or insot.enty o( ~di~ i1AORTGAGOR w the defendants, and that such - rents, profits, income, issues and revenues sh~lt be applied by such Receiver accord~ng to the lien w equity of said MORTGAGEE and the p:ac:ice of such Court. 6. To duly, promptly and {ully perform, discharge, execute, effect, complete, comp~y with and abide by each and every the stipuiations, ag.eemenis, conditions and covenants in sa~d promisswy note apd this morfgage set. forth. , 9. That in ihe event the ownership of the mortgaged premises, a any part thereof, becomea vested in s person other than the MORTGAGOR,,the h1pRTGAGEE, its successws and assigns, may, without notice to the MORTGAOR, deal with such successor or successor in interest with reference to fhis mo~tgage a~d the debt hereby secured in the same manner as with Mortgegor w~thout in any way vitiating or dixharging the Mortgagors' liabifity herr under w upon the debt hereby secured. No sale of the Fremites hereby mortgaged and no fwbearance on the part of the MORTGAGEE or its successors or as:igns and no exrension of the time for the paymenf of th~~~ hereby secured given by the MORTGAGEE w its successors w assigns, shall operate ro release, diuMrge, modify change or af(ect the original (iabif~ty atw~le MORTGAGOR herein, either in whole or in pa~t. 10_ It is specifically agreed that time is of the essence of this co~tracr and that no waiver of any oblgat7on hereunder or of the obligation se- ° cured hereby shall at any time thereafter be held to be a waiver of the terms hereof or of the instrument aecured herby. ~ 11. I~ add~tio~ to the forego:ng montiily payments of princ'pai and interest required by the prom~swrv nore secured hereby, mortgagor covenants and agrees to pay to mo*tgagee with each monthly payr~;ent an add~~~onal sum esti:nared by mortgagee to be equal to 1;'12 of the an~ual cost of the follow- ing: A-All real property taxes ievied or assessed agai~st ehe above describ~d real estate. i B-Premiums on (ire and windstorm insurance as harein requ~red to be carried on the improvements s~tvate on the above described premises. 'i C-Premiums on such mortgage guaranty insura:.ce as mortgagee shaU from time to time deem fit lo carry on the ban secured hereby. I Mortgagee shail irom time to t~me notify mortgagor in writing of the amount due a~d payable he~eunder and such sum shall thereupoo be due and ~ rayab!e o~ the due date of the next month!y payment and each successive month thereafter ur.til mortgagee shall not:fy mortgagor of a change in such ~ a~~ount. $uch sums shail be applied 6y mortgagee toward the payment of real property taxes, insura~ce prem.ums, and mortgage guaranty insurance premiums. IN WITNE55 V~HEREOF, the said MORTGAGOR has hereunto set his hand and sea) the day and year first aforesaid.~ Sgned, Sealed and delivered in the presence of: . ~ ~e~n Williaa H. ?'ho son ~s~ # • ($eaq _ ' a ry A . ?ho son ~ai~ ~ ~ ~ 57ATE OF FIORIDA ~ couNn oF St. Lucie ~ u- Befwe me penonally appeared Willias H• ~lO~SOD e~ ~ Mary A. ~lOII~5011 his wife, to me well known and known to me to be the individuals desuibed in and wfio executed the foregoing instrument, and scknowledged before me that tF~ey executed the same fw the purposes ~ therein expressed. And the said MBZy A~ TZ10~80T~ ~ +vife of the ssid Williaa H• ~10~SOA upw~ a sepsrate and privats ~ exam~nation by me taken separate and apart from her said husband, ackrawledged ro and befwe me that she executed said instrument freelT and vol~o- ~ rar~ly and witbout any compulsion, consfraint, appr ens or fear of a from her said husband. . ~ WITNE55 my hand and officia! seal thi day o J e y~ l Oi' 19 '73 , , ~ st , Notary Public in and !or t Stat f~qid4it My Commission expires: V~.. P_ ;5 _ + s Return To: : i. ~ ` ! ' : ~ i • sj ~ - . ~i. - f ~ first Federal Savirtgs 3 loan Association - • a 'w J's :~c ~ `•r Of Fort P;erce. ~~ARY ~BL!~, ~ j Fort Pierce. Florida ~~D ,f ~ ,.~~5 ,7~~~ A at tARGS ~ FIIEC 4K~, ?~C03 t~ 29. 197 ~ - 4 Undtrwrite ~ ST. RGCi.: ~~I;NRA^g lA. f~ %~7~~•-......•~ c ~ ~ \ili~l~v~~~-.•V,) ~iVV[rT~`~1 ~ ~r.1Yt~i. ~ FFC~:.~ -rCl,'^.C~ l\' • ~~iiiiillllli:7'~~~ ~ This Instrument Prepared By John W. Collins + '3 First Federal Savings 8~ Loan Association ~ of Fort Pierce s Florida JuH ;1 9 34 ~H ~73 ~ ~h~k~ BY 255484 j s ~ ~R~15~ 472 ~ a4ox : _ _ - _ - - ~ ' ~ _ ~t~ . k ~ .a-,~ ~ : : ~'K«-=-~~ ~