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Home My WebLink About1399 3. To plste and continuousiy keep on ~he bui!dings now or hereatt~r ~it~a~s on ssid land and on +tl equipment •nd pasonally coversd by thit mat~ sy~, with ali premiums thereon pa~d in lutl, fire iniurancs in ths u~u~l standard po~+cy form, in a sum appro~ed by the MOR(GAGEE, and wind~to~m inwranc~ in the usual itandard pol~cy fam, in • sum ~pproved by ~he MORiGAGfE, in sucA companv or companiy a~ tM MORTGAGEE may directr +nd al! fi~s and w~nduorm insurance policies on any of sa~d build~nyt, ~ny Intere~t therei~ or pa~t thereof, in tM a99~e9at~ sum aforcfi~d o~ in ~acesi Iheroof. ihall coMain lhe usval standard ma~gape~ clau~ a such.o~her Cl~ui~ ~f IFN MOr19~QN m~y requ~r~, m~kinp rhe lou under u~d poli~ cis~. each and every. payab?s ro said MORIGAGEE a~ 7t~ inrerest may appe+r, and e~ch and wery ~uch poliq shall b~ prompuy as:9ncd a~~d delivered ro •ny held by a~id MORtGAGEE as furthe~ seturity to u~d mwt9aye debt, ~nd, not I~u than Ne? (10) day~ in sdvanc~ of the expiration of ~+th poticy. to da liv~r to uid MORTGAGEE • renewal thereof, IopetF?K with a rxe~p~ Iw rh~ prtmiwn of ~vch ~enewal; and then sha?I b~ no f~re or windstor~n insurancs plat~d on any of said 6uildi~gs, ~ny intrr~tt thKein or p~r~ thsrwf, unleu io tM form and wi~h tM losy payabl~ ~s afw~~aid; and ie+ ~M •venl +ny sum of mon~y becornei payable u~ suth potity o~ pol'cies isid MORTGAGEE ahall Mve ths opt~o~ ~o receive and appty ths ame on account of the indebted- ee~s securad hereby ot to permit saFd MORIGAGORS to receive and ute it o~ any part thercof iw othcr purposes, .•.itlwut thareb~ waiving o~ ~mpair- iny any equlty, lien or ~~ght undci or by virtw of thit mort~aye; ~nd i~ 1M event said MORTGAGORS shall for sny ~easdn (ail to kesp the said {xemisaa w in~ured. p fail to deliver promptly any of ssid polities o} insvrs~e fo said MORIGAGEE, a fail promptly to p+y lutly ~ny prem~um therefw w in a~y rsspect fail b pe~fam, disclurge, execute, eflecl, complefe, comply wi~h and abids by th~s cove~ant, a any pa~~ herwt, said MORiGAGEE may pl~ce and paY fw s:rc~ insu?ante o~ ~ny part thereof without waivinp or affectir?p ~ny option. li~n. equity, w ~ight unde~ o~ by vi~tw ol lAis Mortgaps, and the fu11 amouot of each and ~wry auch p~ymsnt shafl bs immediatety dw a~d pay~bls ~nd ~hall bear inte~est from tM daf• thereo( ~n~il paid at ~he raq ot nina p~r ce~tum pe~ annum and tpgelher with such interQSt shell be secured by tM IiN~ of this mort~sga. 1. To permi?, cnmmit a wffer no w+ste, impairmem a deteriwation of taid property w any part thereof. 5. To pay all ~nd sinyul~r the coats, charpes and expe~ses, i~cluding a reawr+abfe ~ttwney i fee and costt of abstrsds of title, incurred o~ paid at any eir?u by seid MORiGAGEE, becaux a in the evtnt of the failure on Ihe pa?t of the said MORTGAGOR to duly, promp~ly and fully perfwm, d~uha~qe. execu~e, effea, complete, comply with and ab:de by tsch and every the st~pulations, agreements, conditions, and covenann of seid promiuory note and fhi~ m.oregaye ~ny w si~her. snd sa~d c~ts, charges and expenses, eacl~ and every, ihatl be immed~ately dw +nd payable; whether w no~ there be no~~ce de msnd, au~mpt to colfecf or tuit pend~n9; :nd tM fvlf amouM of each and e+~ery wch paymeM shsll bear imere~t from the date thereof until paid at ti~c rate of nine per centum per annum; and all said costs, charges and expe~ses incurred or paid, together with suth interest, thall be tecured by the lien of this mortyage. 6. Thst (a? in the event of any breach of this Matgaye w default on the part of the MORTGAGOR, or (b) in the event any of satd sums of mo~ey herein ref~~r~d to be not promptly snd ivlly paid within thirty (30) day: next after the sama uverally betome dve and payable, w~thout demand or notice, or (c) in the event each and every the stipulations, sgreements, conditiau and co+rcnants of se~d promissory note and th~s mw/~age any or either are nol ~uly, promptly and fully performed, d~scharged, executed, effecfed, compteted, comptied w~th and abided ~iy, then in either or sny such event tl~s sa~d ag~ gregate sum mentioned in said promissory note then remaining unpaid, w;th inte?est acc~ued, and all mo~?eyi secured Fxreby, shall become due and pa~r- able forthwith, w thereafte~, at the option of said MORTGAGEE, as fvlly and completely as if sll of the said tums of money were agin~lly it~pula~ed to be pa~d on such day, anything in sa~d promisswy note or in this Morfgage fo the contrary no?withsunding; and thereupon w thereafter at the option of sa;d MORTGAGEE, without no~rce w demand, s~it at law or in equity, therefwe w thereaffer begun, may be proxcvted as if all mo~eys secwed hereby had matured pr~w to in iostitvtion_ 7. That in the evem that at the beginning of or at any time pending any suit upon fhis Mortgege, o? to foretlast it, w to refam il, or to enforce Fayment of eny claims he~e~nder, said MORTGAGEE shall apply to the Court having juriad~ction lhereof fw the sppointment of a RKeiver, tuch Covrt shall iorrhwith appoint a reteives of said mortgaged property all and singulsr, inctud,ng all and singular the income, profits, iuuea and revenues from whatever sourte derived, eath and every of wh~ch, it beinQ exp?essly undetstood, is hcreby mortgaged at if spetifically set fotth ~r+d deuribed in Ihe granting and haberndum clavses hereof, and such' Receiver shall have all the broad and effec~ive fvnct~ons and powers in anyri~se entrwted by ~ Cou~t to a Receiver, and s~ch appointment shall be made by a~xh Court u an admitted equity and a matter of absolure right to said MORTGAGEE, a~d withoul rcference to the adequacy or inadeqv~cy of the value of the property mor~gsged or to the wivency or inwtvency o( i~id MORTGAGOR q the defendants, and that such reros, profits, income, issues and revenues shall be applied by sucfi Receivcr accwd~~ig to the lian or equity oi said MORTGAGEE and the practice of such Court. 8. To duly, promptly and fully perform, discharge, execute, effect, complete, comply with and abide by each and every the stipulations, agr~ements, conditans and coveoams in u~d promissory note and this mortgage ut fwth. ~ 9. That in the event the ownership of the mortgaged prem~us, or any part thereof, betomes vested in a peraon other than the MORTGAGO~T, the M.ORTGAGEE, its successws and ass:gns, may, withoul not;ce to the MORTGAOR, deal with such successor a successor in i~terest with reference to thi~ mortgage and the debt hereby secured in the same manner as with hb~tgagor without in aey way vitiating w discharging the Mwtgagors' liabilify here- under p upon the debt hrreby secu~ed. No sate of the premisrs heieby mortgaged and no fabearance on ihe part of the MORiGAGEE d its sutcessors or assgns and no ex~eresion of the time fw the payment of the debt hereby secured g~ven by the MORTGAGEE or its successors or au~gns, stiall operate ro re~ease, d~scharge, modify change or affect the original liability of the MORTGAGOR herein, e~ther in whole w in psrt. 10. It is spec~fically agreed that time is of the essence of this conhact and tAat no waiver of any oblFgatro~ hereunder w of the obligatan se- c~red he~eby shatl bt any time thereafter be hefd to be a waiver of the te~ms hereof w of the instrument secu~ed herby. 11. In add:tio~ to the iwego:ng monthly payments of princ'pal and interest required by the promiswry ~ote setured F~ereby, mortgagw toverwnts and agrees to pay to mortgagee with each monrhly payrnent an add~ranal sum estimated by mwtgagee to be egual fo 1/12 of the annual cost of fhe follow- ing: A-All real property taxes levied or assessed against the above desc~~bed real estate. B-Premiums on fire and windstorm insurance az herein ~equ~red to be carried on the improvements situate on the above described premises. C-Premiums on s~ch mortgage guaranty insura.~ce as mortgagee shall from t~me to time deem fit to carry on fhe ban secured hereby. Nbrtgagee shall !rom ~ime to time notify mortgagor in wr7ting of the amovnt due and pay~ble hereunder and such wm shall ther~upon be due and ~,ayable on the due date of the rrext month!y payment and each successive month thereafte? until mwtgagee shall notify mo~tgagw of a change in such a~no~nf. Such sums shatl be applied by mortgagee towa~d the payment of real property taxes, insvrance prem~ums, and mo?igage gua~anty insurance o rem iums. IN WITNESS WHEREOF, ~the said MORTGAGOR fias hereunto set his hand and seal the day and year first afwessid. Sgned. Sealed snd delivered in the presente of: - G(.J a~ ~ sn i ~'an ~ ~Seaq s E STATE OF FLORIDA ~ ~ couNn oF _ St. I1uCie s Befwe me personatly appeared Fi$TZ Fi •~11ti9 a~d = Kartha F. i~ttite his wife, to me well known and known to me to be ! the individuals dexribed in artd who extcuted the fw ~an~y y~~nsfrument, and etknwvledged before me that they executed the same for the purposes ~ therein expiessed. And the said .r"a F• ~li~A r.ife of the ssFd ~rl E• ~li~iA ~pon a upuate and private ~ eRamination by me taken separate and apart from her ssid husband, ackrawtedged to and before rt?e that the executed said ir?strument freely and volurr g ranly and without any compufsion, consrraent, apprelxnsio~ a fesr of or from her ssid husband. € WITNESS my hand and official seal this T~- da of - 73 Y A. D. 19 Notsry ic in and fw th~Slate of ~{orida ~t larye My ission expirea. X/ct~. E~ / ~?~3` Return To: First Federal Savings a loan Assxiation x ' Of Fort P~erce. `.,.•~`~!~i"~~ , ~ . + FILEO ~MC RECOft~fO <.;;a.,~ :T. ~UCI~ GOUNTr U. i Fort Pierce, Rorida t', ' _ ~t •';t~y,_•~ ROC R v~ITRAS = CLERK C?"nCWT COURT ~ ~ = RfCORO'~f~:'Ft~~.~.~.~,' ~ This Instrument Prepared By j~. E. ~8~ tsi~l~ ~l I Z9 PH ~13 _ First Federal Savings 8~ Loan Association ~-'"~.^S;O : ~ - of Fort Pierce ~ F1.~2'1d8 ' ~ ~ ~ : ~ •_;a .~"'~`~a~- Checked By ~l~- '~~~'::,u~' 5~~ ; 2591~'7 ; • . ~~,t?,~i~~„~~~`~ - . ~ - - ~ ~ ~ l b~o« 21fi ~?~f~3!~9 $ ~ - - - - ~ ~ ~ : ~ ~ ~ ~ _ ~ , . . :