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Home My WebLink About1302 3. To pix~ and conti~uously keep on the building~ now a hereahNr u?ue~s on sald Isnd and o~ a~l equipmen~ ~nd personally covered by this mat9- sps, with all premi~ms ~hereo~ pa~d in tull, fi~e insurance in the usual standard po1Ky form, in a sum ~pproved by ~M MOR(GAGEE, and windsrwm imur~nc~ In Iht u~ual s~andard pol;cy (wm, in a sum approvcd by thf 1NORTGAGEE, in iuth co+np~ny or compa~iea as tl+~ MORTGAGEE may dir~clt a~ all ilr~ and winds~orm iniurance policies on any of said buildinys, ~ny iMerest therein or p~~l the~eof, in tM aggrcge~e tum aiaesa~d w in ~ateu IAereof, shall ca+Win 1M usual standard mortgsgee clause w such o~he~ d~us~ ~s tM Matgagee may requ~n. makinp tM loss undn fa~d poli- ciy, ~ach ~~d tvery. paysblf ro taid MORTGAGEF as ~ts intcrsst m~y ~ppsa~, ~nd each and eve~y such poticy shill bs promptly ~ss yned and delivered to +ny Mld by uid AhORTGAGEE ~s fu?~he~ secv~ity to uid mwtga9e debt, ~nd, nol ltu than ten (10) days in advance o( the sxpiratio~ o( each policy, to dr liva ro said MORiGAGEE a re~ewal thereof, topeth~r with • receipl fw tAe p~tm+um of such ronewal; and ~here shall be no fire or winditam in~uronce plsad on ~~y of said b~ildinps, ~ny interest therein a psrt thereof, unleu in tM fam ~nd with 1I» Iws payable ai afwesaid; and in the eveM any ium of mor?ey becomes payable under such policy a policiei said MORTGAGEE shall havs ths opt~on ro receive and apply fhe same on account of the indebted nett secur~d hereby a t0 pe~mit sai~J MORTGAGORS lo ~tceive aod us~ i/ p aoy pa~t thereof fw o:hcr purpasrs, vl~lho~t thar~u/ wai~i~tig or unpair- ~~g +~y pvity, lien or right under or by virtue of this morlgage; ~nd in Ihs evcnl said MORTGAGORS shsll fw a~y reawn fail to keep rhe said premise~ so ~ insured, or fail ro delivN promptly ~ny of said pol~cies of insuranc~ to uid MORTGAGEE, o? fail promptly to pay fully a~r prem;um therefor a in any ~ r~apect fail to pafwm. discharge, execute, eifed, comptets, comply with and abid~ by this cove~ant, or ~ny parl he~eoi, said MORTGAGEE msy place and psY fw iuch i~surance or any part theraof w~thout waiving or affediny any option. iien, equfry. or riyht undea a by vir~w of ~his Matgape, and ths full amouM oi each and ev~?y svch payment shall bs immcdi~tety due and payable and ihall beu interes~ from ~ha date thereof unfil paid at the rate ol nine pN centum per annum and to~ether witA such interest shall be secured by the lien of this matgage. , I. To permit, eommit or suHer no waste, impairment a deterio~atan of taid prope~ty w any pari thereof. S. To pay all and singvl+r tF+e costs, charges and expehus, i~cluding a reasonable attorney i fee and costs of abt~.acts of titls, inc~rred a paid ~t eny tims by ssid MORTGAGEE, becauss a in the event of the failure on ~he part of the siid MORTGAGOR to duly, promptly and fully periwm, d~uharg~, execufe, etfM, compkte, comply with and ab:de by exh a~d every the stipulations, sgreements, cw~ditiau, snd covenants of said promisswy nots and ~hii mortgspe any or eirhea. end sa~d cosn, cAarge~ and expenaes, each and every. shall be immediately due and payable; whether or not ~her~ be notice de~ m~d, attempl to colkct a suit pe~ding; and the full arno~nt of each and e~ery wch paymeM shall bea. imerett from ihe dafe thereof u~til paid ~t the ratc of nine pe~ centum per am~um; and all :aid cosrs, charges and expenses iacv~red or paid, ~ogelFxr w~~h suth interest, shall be setu~ed by the lien of this mwtpape. 6. Thst (s) in the ~vent of any Meach of this JNortgspe o~ defavlt on fhe part of the MORiGAGOR, w(b) in the event ahy of said aums of mo~ey herein referred to be no~ promptly and fully paid wi~hin t1u?fy (30I days ~ext after the same seraally become due +nd payable, wiihout demand w notice, o. fn the event exh and every the stipulations, agreements, conditiona and covensnts of sa~d promissory note and th~s mo~~gage aoy w either are oot ~uly, promptly and fully perfo?med, d~uharged, exetuted, effected, completed, complied with and abided~by, then in e~ther w any ~uch event the sald ag~ 9:egate wm mentantd i~ said promissory no?e fhen remaining unpaid, with inte~est acuued, and a11 moneya sccured hereby, shall bccom~ dw ~nd psy- ahle fo~thwith, or thereaft~r, st tt~e opt~on of said MiDRTGAGEE, fvtly and completely as if •II of the said wms of mcr?ey were origirully st~putated to be paid on such day, anything in sa~d promiasory note w in this Mortgage to the confrary ratw;thstsnd~ng; and ~hereupon p thereafter at the opt~on of said MORTGAGEE, wi~hout notice or demand, suit at law ot in equity, theretore w thereaiter begun, may be proaccuted as if all moneys secvred Fxreby had matured prior to its institutan. 7. That i~ the event ~hat at the beginning of or at any time pendirg any suif upon this Mortgage, w to fweclose i1, q to retwm it, w to e~fwce paymcnt of any claims he.eunder, said MORTGAGEE shall apply to the Court having jur~sd~ction thereo} for the appo~ntment of a Receiver, such Co~rf shall fwthwith appoint s receiver of said mwtgaged property all and s~ngular, i~luJ~ng all and singular the income, proiit~, issues and revenues from whateyer source derived, each and every o( wh~ch, it being exp?essty understood, is hcrebyr mortgaged as if spec~ficaily set iwth a~d described in ~he 9rantin~ and habtndum cla~sea hereof, and such Receiva shall have all the broad snd effetrive funct~ons and powers in anywise entrwted by • Court to a Receiver, and such appointment shall bc made by such ~ourt as an admitted equity and a marter of absolute r~ght to said MORTGAGEE, and without reference to the edequxy or inadequacy of the ralve of the p+operty mertgaged or to the so:vency u insolvency of said MORTGAGOR or Ihe defendants, and that such renn, profits, income, issues and reve~ues shall be spplied by such Receiver according to the tien or equity oi said MORTGA6E~ and the practice o! such CouA, 8. To duly, promptty and fully perfwm, discharge, exccute, effcct, complete, comply with a~d abide by each end every the stipulations, agrcements, conditans and covenaros in said promiuory note and this mortgage set forth. 9. Tha1 in the eveM the owMrship of the mortgaged premiies, or any parl thereof, becomes vested in a person other than the JNpRT('iAGOR, the MORTGAGff, its suctesson and ass'rgns, may, wif}wut notice to the MORTGAOR, deal with such succeuw or successor in interest with reference to this mo~tgsge and the debt hereby xcured in the same ma~ner as with Mortgaga withou~ in ar.y way vifiating or d~scharging the Mortgagors' liability here- under or upon the debt he~eby secured. No sale oi the premises hereby mortgoged and no tabea~ance on the pa~l of t!x MORTGAGEE w its sutcesson or assigns and ~o extension of tho time for the payment of the debt hereby secured given by the MORTGAGEE or its tucceuors or assigns, sha~t operate ' ~o release, dixharye, motlify change or aFfect the original liability of-the MORTGAGOR herein, either in whok or in part. 10. It is spet~ficatly agreed that time is of the essence oI th~s contract end fhat no waive~ of any obUgatlon hereunder w of the obligation se- cured hereby shall at any time thereifter be he:d to be a waiver of the terms hereof or of the instrument secured herby. I1. In addition to the forego:nq monthfy paymenls of princ pal and intereyt required by the prom~ssory nore ucured hereby, mwtgagor covenants and agrees to pay to mortgagee with each monthly payrnent an add~:ional sum est~n,ated by mortgagee to be equal to 1; 12 of the annual cost oF fhe follow- irlg: A-All real property taxes levied or asseased agai~st the above desaibed real estate. B-Premiums on fire artd windstorm insurance as here~n requ~red to be tarried on the ~mprovements sit~ate on the above described premises. C-Premiums on svch mwtgage guaranty insurante as mortgagee shatl from t~me to time deem fit to carry on the ban secured hereby. Mortgagee shali from time to time not~fy mortgagor in writing of the amount due and payable bereunder and such sum shall thereupon be due and payable on the due date of ~he next monthly paymem and each successive month thereaher ur.ti! mortqagee shall notify mortgagor of a change in such amounf. Such sums sha!1 be applied by mortgagee toward the payment of real proptrty taxes, insurance prem;ums, and mwtgage guaranty insurance ' premiums. IN WITNESS ,1IHEREOf, the said MORTGAGOR has hereunto set his hand and seal the day ar~d year first aforesaid. Signed, Sealed a ' ered in the presence of: an ! a ! / ~ ~ ` - (Seah ' ~Seaq E - ~ STATE OF FLORIDA . ~ COUNTY OF $t . L11C16 ~ ~ ~ Before me penonaily appeared Che ater 88&S a~ € Oorothy Bass i rhe individvals destribed en and who exetuted the for oi his wi(e, to me well know~ and krawn to me to bs ~ eg ng instrument, and acknowledged before me that they executed the same fw the purposes ~ therein expressed. And the said ~OrOthy BaSS - s w~fe of the said Che atez BA88 s ~pon a sepante arxl private ~ examinaYwn by me take~ separate and apart from her seid husband, ackraw~edged to and before me that she executed said instrument.freely and volvn- : rarily and without any compulsion, consnaint, apprehen 'on, w fear of or frpm het sa' husband . ~ i i ~ - ; 1 ^ t WtTNESS my hand aod official seal thi: day o pr,t p. ~q 73 3 , B ~ • } / L / , •T. Notary Public in and for the 4of' f ~t,lu~d _ ' ~ My Commeuion expires: _ - ' ~ - Retum To: = - _ = - " - _ = fint Federal Savings 3 tosn Associat~on ~~p~~_~~E ~ Of Fort P:erce. f1Y CO!{M(SSIpH, Ej(P~R[S DEC~ ~ ~ Fort Pierce, Florida • Z9,.,"~J75 ? iondcJ 7Cru Qenzral-~ns~rante UqderyrrStora. 3 f1~ED ~?Nfl ~fC~RpE~ ~ ' ~ This Instrument Pre red B ST. LUCii COUM FL , ; pa Y John W. Collins RoGE~ ~G~T~~3 l~l : First Federal Savings $ loan Association CIERK CtF CWT QOUR1 ~ , of Fort Pierce~ Flozida RECORO VE~!t~f0.r~ Checked By ~ ,~t, IT 9~i AN'13 2S9U33 # aQO~ ~~s PACt 1302 } ~ ~ F- C _ _ ' _ _ . ~ ~ ~ - . ' ~ "`c _ _ . y^~ /r 'C'""~~ ~*_'~1?:.~`c~.v~v~. n R„~ ,-3r.~.'!`:n - z. -~v~-~aa . . , _.i. .~..~~~~~.'~".~zi~.~