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Home My WebLink About0582 3. To place and cont;nuowly keep on fhe bu~!dmgs noH or hereafter s~~ua~e on sald ~and and on aii eqvipment and persona!!y cove~ed by ihls mor~g- age, with all prem~ums tArreon pa:d in fuii, lire ins~rence ~n ihe usual stanrlard policy (orm, in s sum approved by ~he MOR~G:.GEE, a~~d w~~~ditoim Inaurance in ~hs usual uandard pol~cy form, in • wm approved by ~he MORTGAGEE, in such company o~ companies as ~he MORTvAGEE may d~rec1; ~nd all fire and winJsto~m insurance pol~ciei on any o( said buitd~ngs, any intere~l Iherein or pa~t thcreof, in the a99regate sum aforesa~d w i~ excess thereof, shall contain the usual standard mot~gagee dause or such otfier ctau~e as the Mortgages may requ~re, making the tofs undrr sa~d poli- ues, each and every, payable to se~d MORTGAGEE as ~~s in~err~t may appear, and each and eve~y tuch poGcy sh~!I be piomptly ass gned and del~vered ~o any held by seid MORTGAGEE as furthe~ secu~ity to uid mortgage drbt, and, not less lhan ten (10) days in advance of the expiratio~ of each policy, to da t~ver to sa~d MORTGAGEE a renewal thereof, toge~her wiih a receip~ for the prem~um of such renewal; and there shall be ~o ~~~e u~ w~nd+~o~m i~s~rance placed on any of said build~ngs, any in~eresl there~n w part thereoF, unless in the form and wi~h the ioss payable as afo~esaid; and in the event any sum of mooay becomes payable undar such poficy a policies said MORiGAGEE shall have the ophon to receive artd apply the ume on accoum of Ihe indabted- ness secured hereby or to permil said MORTGAGORS ~o rece~va and use i1 or any part the~eof for o:her purF+osrs, v.~~h~,~t ih u~ w;~+~.~3 c. ~~~~P~~~- ing any equity, lien w right undrr or by virtue of this mo~tgage; snd in the event sa:d MORTGAGORS shall for any reason (ail fo keep Ihe said premist•s so insured, or fail to deliver prompNy any ol said po~~tiea of insurance to said MORTGAGEE, w fail promptly fo pay fulty any prc~nium thcrefor or in a~y respea fail to perform, discha~ge, e:ecuta, effect, complete, comply with and abide by thii cove~ant, a any par~ hrreof, said MGRIGAGEE may plac•~ ano pay fa such insurence or any parr thereof wi~hout waiv~ng or affccting ~ny option, lien, equ~~y, w r~gM under or by v~rwe of ihis Mor~gage, a~d fhe 1~I1 amoum of each and every such paymen? shall be immediately due and payable and shall bear i~te~est from the date ~hereof un~il pa~d a~ the rate ol n~ne pe~ centum pe~ annum and to~rthrr with such interest shali be srcured by Ihe tien of this mortgsge. To permit, commit or suffe~ no waste, impairment a deterioration o( said property w any part the~eof. S. To pey all and singular 1he costs, charges and eapenses, inctuding a ressonable attorney's fee and costs of abs~rads of title, incvrred or pa~d at any time by said MORTGAGEE, because or in the event oF the fa~lure on Ihe pa?t of ~he said MOR~GAGOR to duly, pranptly and futly periorm, d~st~arge, ~xecute, eifen, complete, comply w~th and ab~de by each and every the sNpulat~ons, agreements, condit~oni, and covenants of sa~d promissory note and fhii morigage any or e~ther, and sa~J costs, charges and expenses, each and every, shall be immediately dve and payable; whether or not there be no~~ce da mand, attempt to colled w suit pend~ng; and the full amount of each and every svch payment shall bes. interest from ~he date thereof until paid at the ~.~tr oi nine per cent~m per annurn; and aIl said cosfs, charges and expenses incurred w paid, together w~th such iMerest, shall be secured by the 6en of th~s mo~tgage. 6. That (a) in the event of any breach of this Mortgage o~ default on the part of the MORTGAGpR, or (b) in the evero any of aaid sums of money hzrein referred to be no~ pranptly and fully paid within thuty (30) days next atte~ the same severally become due and payable, wi~hout demand or nohce, er (c) in the event each and every the stiputauons, agreeme~~~s, cond~tions and covenants of sa;d prom~swry note a~~d tha mortgage any or either are no1 ~uly, promptty and futly performed, d~schaiged, executed, effected, completed, compiied with and ab~ded Sy, then in e~ther or any such eveN the sa~d ag ~regate sum me~tioned in said promisswy note then remain~ng unpaid, with interest accrued, and all moneys sesured hereby, shall become d~e and pay- ab'.e forthwith, or iheroahcr, at the oprion of said MORTGAGEE, as fuily and comp!etely as ii all of ~he uid sums of money were onginally supulated ro be pa~d on such day, anyth~ng in sa:d pro~n~sso+y note or in this Matgage to Ihe contrary notwithstanding; and thereupon or thereafter at the op~~on of sa;d MORTGAGEE, without nor~ce o. demand, s~it at law or in equity, therefore oc thereafier begun, may be prosecuted as iT all money secured hereby n~d matured pnw to ds instit~tion. 7. That in the event that at the beginn~ng of or at any time pendirr~ any suit upon this Mortgage, or to fweclose it, or to reform it, o~ to enforce payment of any c!aims he~eunde~, sa~d MURTGaGEE ahall apply to the Court having jw~sd~uion thereof for the appointment of a Receiver, such Goun shail fcrthwith appoint a receiver oE said mortgaged property ail and singular, inttud~ng aI1 and s~nguiar the irtcome, prof~ts, issues and revenues from whatever s~~rce derived, each and every of which, it being expressly undersrood, is hereby morrgaged as if spec~fically set forth and described in the g~anting and hei,endum tlauses hereof, and such Receiver shall have all the broad and e(Fective funct,ons and powers in anywise entrusted by a Court to a Recei~er, and s.:h appoin:ment ahall be made by svch Court as an ad~nitted equity and a matrer of absolute right to said MORTGAGEE, and witMut reference to the a.iequacy or inadequacy of the vatue of the properry martgaged or to the sotvency or insolvency ot said MORZGAGOR or the defendants, and that such e~,~s, profits, income, issues and revenues shafl be appiied by such Receive~ accord~ng to the lien w equity oi said MORTGAGEE and the pracrice of such Ceurt. 8. To duly, promptly and fully pe~form, d~scharge, execute, cffect, complete, comply with and abide by each and every the stipulations, agree~nents, condit~ons and covenanfs ~n sa~d promi~sory note and this mortgage set fo~th. 9. TF.at in the event the ownersh~p of the mortgaged premises, or any parf thereof, becomes vested in a person other than the MORTGAGOR, the ':.~RTGAGEE, its successors and ass~gns, may, withovt notice to the A10RTGAOR, deal with such successor or s~ccessw in ~~terest with reference to this ~,~ortgage and the deb~ hereby secured in the same manner as with N.ortgagor w~tFwut in any way vitiating or d~scharging the Mortgagors' liability her~ w~drr or upon the debt hereby secured. No saie of the Frem~ses hzreby mortgaged and no forbtarente on the part of the MORiGAGEE or its successors er assigns and no exte~s~on of fhe timr iw the payment of the debr hereby secured given by the MORTGAGEE or its wccessws w ass[gns, ~hall operate ~o re!ease, d~scharge, modify change or affect the original tiab~I~ty of the MORTGAGOR herein, either in whole or in part. 10. It is spec~(ically agreed that time is of the essence of this contract and that no wsiver of any obtigat~on hereunder or oi the obligation sN c~red hereby shaU at any time ~hrreaher be held to be a wa~ver ot the terms hereof or of the instrument secured herby_ 11. In add,t~o~ to the fore9o ng montMy payments of prir.c pal and interest required by the prom~ssory no!E uc~red hereby, mortgagor covenants a•.d agrees to pay to mortgagee v~ith each mcn:hiy payr.~ent an add~~ional sum estim.ated by mortgagee to be ey~al to 1;%12 of the annoal cost of the foliow- A-All real proper!y taxas :evied or auessed agai~st the above describcd real estate. 8 Prcm:s:n. ez f:re ar.d :.E.^.dsrerT ir.su~ar.ce as here~~ r^qv:r~ to he ca~•iFd on the ~mprovemeats sltuate on the above d=scribed premises. C-Prem~ums on such mort~age guaranty ir.surar•ce as mortgagee sha~l from t me to sime deem f~t to carry on the !oan sewred hereby_ Mortgagee s!~d~l fiom thne to ~;me notify mortgagor in wr~tmg of the an:o~nt due and payable hereunder and such s~m shall thereupon be due and r.~yable on the due cate of the ~ext month:y payment ar.d each svccessive month thereafter ur.ti{ mortgagee shall notify mortgagor of a change in such ~ a• ount. Such sums shall be app:ied by mortgagee toward the payment of real p~operty texes, insurance prem:ums, and mortgage guaranty insurar.ce i i ~•em~vms. ~ IN WITNESS '.b'HER~OF, the sa~d MORTGAGOR has h:reunto set h~s hand and seal the day and ir aforesaid. /1~5 ' ;1 ~ gned, Se ed a~ live~c~in the prescnce ofc ~ 1 ~ ~ ~ ' :.s1G.~Situ~ ``l ~ at) J L ~-y ' ~ ' iC'~ / ~ ~.4Ga~~ ~ ~ izlL~!/l: ~ D t h ~ (Seaq ~ (SeaQ ~ 5 ~ ATE OF FLORIDA ~ CJUNTY OF St . L_L1C1C I Before me penonally appeared '~'d U L 1 C C i~ 5'~1~,'~(? and _ t~t'1 ~~ir'.~3 R. S::`i T his wi(e, to me well known and known to me to be the individuals described in and who executed the foregoing instrument, and acknowledged before mt that they extcuted the same fw the purposes ~ rherein exp~eased. And the said ~f-'~~:''~ t~• Sn~'der ~ ; cltl r 1 C~' n. S:: "~f' : u n a se arate and r~vate ~ +~:fe of the sa~d ' Po P P ~ e:a~n~nat;on by me tai~en separate and apart from her said husband, acknowfedged to and before me that she executed said instrumeN freefy and ve'~~n- ~ :a:~~y and witMout any compulsion, canstraint, apprehea fear of or from her said busband. ~ WlTNESS my hand and off~c;a! seal th~L_ ~ day of -~u A. D. 19 7 3 ~ ~ = Notary Pub6c in and (or e State o Flwida at Large My Commission expires• ;3 Retvrn To: first Federal Savings 3 loan Associat~on ~ Of Fu~t ~ e.ce. =~~'~~tE1_IC. STATE d FLORIDA al U1R6E Forr Pierce, Ftor~da ~ ;7i EXPIRES JAN. 7, 1977•~• .;,;,~~c~.an dankers Insura4M Co+ ; . ~ This Instrument Pre ared B R~ ~ i' a Yrj K, ~ a• •"G ~~~4 ~ ` . . P Y . , - ~ First Federal Savings & loan Association FtlEO A~1~ RECOROEO - ' r~ ` ~ ~ of Fort Pierce ~ T i:3~ S7. tUCIE COUMTr F~A. - = ~ - " CLERK~C PCUtT COURT ' " ` ~ Checked By ~ REC(~f~r YEF~F~EO..~._~ ~ _ _ ~ ,~u 10 3 34 PM'73 6oCr, 216 ~AGE 5~~z ~0~~ ~ - - - ~ ~ : ~ ~ ~ ~ ~ - s~ ~.~'~~~u_~ ~ ~ _,z~ . ~ ,