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Home My WebLink About1312 3. To place and continuously keep on the buitd~nqs now o~ ~urcafte~ sitwre on ~aid land and on ell equipment and p~nonally covered by this ma~g~ ~g~, wi~h sl) premiums thereon pa~d in full, fire in3urance in ths usual standerd po~ity form, i~ • ~um approved by ~hs MORiGAGEE, and windstam ~ntura~c~ in ~M uiual s~andard pol~cy fam. In • s~m approved by tF?~ MORTGACsfE, in tuch company or compan~ei as ~he MORTGAGEE n+ay di~~ct; ~nd all fi~e and w:ndsrorm insuranc~ policie~ on a~y of seid buiW~n~i. ~ny in~ereit therein or paN therrof, in th~ aggreys~e ~um ~faesaid or ~xceu Ihereof, ~hall comain ~M usual standa~d mwtyapre claust a ~uch other daus~ ~i 1M Mor~gagk may reqv~~e, mal~ing th~ loss unde? ~a~d po1F ciei, e~sch and ~v~~y, payabte ~o said MORTGAGEE as 7q Ertteresl may appear, ~nd e+ch ~nd e~ery tuch poficy shell ba prompHy ais yncd and delivercd ~o sny held by said MORTGAGEE as turiher sauri~y to ssid mort9age debt, and, not teu 1Mn ts~ (10) days in advance of tha expiration of eech polity, to d~- y IivN to aid MORTGAGEE a renew~l theraof, IoqalhN with a rtctipt tot tl+e premivm Of tuch ~enewal; snd the?e ihall be no Gre or windsto~~o i~3urante plactd on iey of s+id buildinps, any interesl th~rein or parl tF?~~eof, w~kst in tM form and with tM lou payab4 a~ •(wtsaid; and f~ 1M event any ~um of money becomss payable under such polity a pol~cies ~aid MORTGAGEE shall have tM op~ion to rece+ve and apply tha same on accovn~ of ~he indebted- neu secured hereby a ro permit wid MORTGAGORS to receivs and use it or a~y parl thereoi lor o~her purposes, w~+hou~ thercb~ wai~ing o. ~n~pa~r ing any puity, lian w ~ight under a by virtw of Ihii mort~~9e; ~nd i~ the tvent w~d MORTGAGORS ~Aat) fa any reawn fai) to keep the said pemises so . insu?ed, w f~il to dslive~ promptly ~ny of isid polities of ins~rancs to said MORTGAGfE, o~ fail promptly to pay fu~ty any premium therefor w in ~ny respect fail to pNiam, discharge, executs, eff~ct, complefe, comply with and ~bids by this covenanr, w any par~ hereof, said MORTGAGEE may plxe ~nd psy tw iuch insu~ance or any part thereof whhout w~ivine w ~ffectiny a~y opfion, ti~n. p~ity, o~ right unde~ w by virte~e af ~h;s Ma~ga9e, and ths fvll amwnt of each and eve~y svch paymenf shall bs immediate~y dw and paysbk ~nd shall bear i~terest tran Ihs dat~ tl+e~eof until paid et the ra~~ ol n~ne per centum per a~num aod to~ethrr with tuth interest shall ba secured by tM li~n of this mortp~ge. 1. To permit, commit w suf(er no waste, impairment or dcter3ordion of said properry or ~ny pa~t thereof. 5. To psy all and sirpvtu the costs, charges and expenses, including a reasonable attwney i fee and cos~: of abstracts of ti~le, incvrred w paid ~t any time by uid MORTGAGfE, becauss w in the event of ths failure on t!?Q part of the taid MORiGAGOR to duly, promptly and fully periwm, d~xharge. exccuts, etted, complete, comply w4th and ab~de by each ~nd every the stipulat~ona, ag~eements, conditions, and covenanb oi said promi:sory note and this mortgaye ~ny w e~ther, and sa~d costs, charges and expenses, esch and evay, shal) b~ immediately dw and payable; whether w not there be no~ice dr marsd, anempt ~o collect or :vit pend~n9; aed the full amouM of each end every wch paymen~ shall bea. intereal from Ihe date thereol until p~id al the r~te of nine per centum ~r annum; and all said costs, cha~ges and expenus incurred w paid, togeths~ with s~th interesl, sMll be secured by the lien of lhif matQapa 6. That (a) in the event of any breach of this Mortgsgt w defau!t on 1M part of the MORTGAGOR, or (b) in the eveM any of aaid s~ms of money herein rei~rred to be not prompNy a~d fully paid within thi~ty (30) days nex~ aiter the same uveralty become due and payable, without demand w notice. or (c? en the event each and eve~y IF~e stipulatiwn, ag~eemeots, co~ditions snd coveoanis of uid promiswry r+ote and th~s mor?ga~e ~ny a eitAer are nol ~uly, promptly and fully perfwmed, d~scharged, executed, effected, compieted, compl:ed with and abided by, the~ in e~~her w any avch event ths said ag pregat~ sum mentaned in said promissory note then remaining unpaid, with inierest atcrued, and all mo~eys secured fKreby, shall lxtome due snd pay- able forlhwith, or thereafter, a1 the opt~on of said MORTGAGEE, ss fully and comptetely +s if all of the wid suma of money were orig~natty st~puiated ro be pa~d on such day, anything in sa;d promisswy note or in ~his Mortgage ?o the conrrary notwirhstanding; and thtreupon ot thereafte~ at the oprion of said MORTGAGEE, without notice w demand, iuit at law a in eqvity, therefwe or thereafter begun, may be prosecuted as if all moneys tecured hereby had matured pnOr to its instiruriq~. 7. That in the event that at the beginning of w at any time pending any suit upo~ this IlMftgegt, d to foreclos! Ft, or to refwm it, or to enfores payment of iny claims ?u?evnder, said MORTGAGEE shaf~ apply to the Co~r1 having jurisdictio~ thereof fw the appoi~tment of a Receiver, such Court shall Forthwith ~ppoint a receiver oi said mortgaged property all and singvlar, i~c{ud~n9 all and singular the income, profits, issues and revenues from whatever source derived, each and every of whKh, it being expressly unde+sroo~l, is hereby mwtgaged as if specifitally set fwth and described in the g~anting and habendum clauses hereof, and such Rcceiver ~ha~l have all the broad and eifective funct~ons and powers in anywiie entru~ted by a Covrt to i Rcce~rer, and s~ch appointmem shsll be made by svch Cour~ as an adm~fted equity and a matte~ oi absotute right to said MQR7GAGEE, and without reference to the edequacy or insdequacy of the vatue ef tFx properry mortgaged a to the so~vency w insolvexy of saEd MORTGAGOR a the defendants, and that su~h rems, profits, income, iuues and revenues shall bs appl~ed by such Receiver accord~ng to the lien or equity of said MORTGAGEE a~d the practice of such Court. 8. To duly, promptty and fully perfwm, discharge, execute, effed, mmplete, comply with ~nd abide by each and every the stipulations, agrcements. cenditions and covenants :n sa~d promissory note arx! this mortgage set forth. 9. That in the event the ownership of the mwtgaged premises, a any part thereof, becomes vested in a person other fhan the MORiGAGOR, tli3 ti'ORTGAGEE, its successws and auiqns, may, withovt notice to the MORTGAOR, deal with such successor or successw in interest with reference to this mortgage and the debt hereby secured in the same manner as with Mortgagw without in any way vitiating w diuharging the Mortgagors' liabiiity F~ere- under a upon the debt hereby secured. No ssle oi the Fremixs hereby mortgaged end no forbea~ance o~ Ihe parf of the IAORTGAGEE w iti successws or euigrn and no extension of the time for ihe payment of the debt hareby secured given by the MORTGAGEE or its successors or auigns, shall operate ro release, diacharge, modify change or afi¢ct the orig~nal liability of the MORiGAGOR herein, aithe~ in whole p in part_ 10. H is speutically ag~eed that time is of the esserxe of this contract and that no w~iver of any obligat~on hereunder or of the obligation sr cured }K~eby sbaU at any tirr~e thereafter be hetd to be a waiver of the terms hereof a of the instrument secured herby. 11. !n add.tio~ to the forego:ng monthly paymen?s af princ pal ar.d interest requ~red by !he prom~ssory note secured hereby, mortgagor covenanfs .nd agrees to pay to mo:egagee wilh each monthly payment an add~~ionsl sum esrimated by mortgagee to be equal to 1/12 of the annual cost of the follow- - ~ng; A-Ali real property taxes levied or assessed against the above desvibed real estate. B-Premiums o~ fi~e arxl winds~orm insurar.ce as herein req~~red to be carried on the improvements situate on the above d~scribed premises. C-Premiums on such mortgage guara~ty insurar~ce as mortgagee shail from t~me to time deem fit to carry on the loan secured hereby. Mor~gagce shatf from time to t~me nor~fy mortgagor in w.iti+g of the amount due and paysble he?eunde? and such wm shall thereupon be due and F.ayable on the due oate of the next month!y payment and each successive month thereafter ur.til mortgagee shall notify mortgagor of a change in such a^~uu~t. Such sums sM~all be applied by mortgagee towbrd the payment of reaf prope~ty faxes, insurance prem:vms, and mortgage gua~anly insurance premiumt. - N WITNE55 WHEREOF, the said MORTGAGOR has hereunto aet his hand and sea~ the day and year firat aforesaid. ig , Sealed and deiiv d in the prexnce of: ~ l~!/~i~C.~'~1l'Q.~eary ' _ - Robert R. le~^r.s ~aq Sest) "anc . Clemens ~~,q i j SiATE OF fLORIDA ~ - ~ couNnr oF _ ST . L(,'C? E ~ F - ~ E f Before me penonally appeared Rebe rt R. C~.C'S^~':2 S ~ end i 1'ancv 5. CZE'nlE.'T1S F~it wife, to me welt known and known to me to be ! rhe individuals described in arxl who executed the foregang inztrument, ~nd atkrwwledged befwe me that they exetufed the'larrie'for the purposes " n,erein expressed. And tF~e snid :~?an c v Cl em er. s • r--r.. ` w~fe of The sa~d RObQ t,~2 PmPn G = upor~,a ye~a?ar~ and privar~ : examinat~on by me taken separate and apart from her said hutband, ecknowlcdged to and befwe me that she exstvfed aaid'inrs(rorq~nt_ {fegly.aqd volun- ' rarily arxl withovt eny compulsion, cons~raiM, apprehension, or fear of or from her said husbs~d. ' f WlINE55 my hand and officuaf seal this / day oi -lu 1 - ~ j~ -..~p,: i9 7 3 . . - . Notary Public in and for fhe SI~Id~ Florida lrrge Return io: My Commiu'wn eapires: / • • . ' ~O1ARY Pti9lIC; SiNT~ ot FWR~OA at lARGE Fint federal Savings 6 loan Associatan hty CO~tNiSSION EJ(PIRES SEPf. 25, 1975 Of Fo.~ p:e~ce. E3or~ded 8y American Bdnkers fnwrence .N• Fort Pierce, Fbrida i f Lf 3~~1D C i18~. pa Y t' , OGCA P~tT~.~j ~ This Instrument Pre red B i i~ h~~ r d K. F a~~r~ ~9~~; First Federal Savings & Loan Association CLERK Ct^ „1~1t !~011R~ x of Fort Pierce , Flnrida 1tfC4FD YfP,~ft~0~.,..,....~ ; ~h~k~ BY J~ jT 9~~ ~N'7~ ; ~ ~ a Z~s 259038 ooK PAGF~3~z ~ ~ U ~ ~ ~ a ,v~~ ^"~ra~~ ~ ~..~.n - v ' t A. ~ ~ . _ _ ~h ~a~~