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Home My WebLink About1524 9. To place and co~tinuously keep on ~he bui:d~r.gs now or he~eafter situete on said land and on all equip~nent and peisonally covered by this ma~g- sge, wi~h ail premiums thercon pa~d in full, lira insurence in ~he w~a! ~randard po~~cy tam, in a sum approved by the MOR7GAGEE, and windstoim insura~+c~ in ths usual ~~andard pol.cy 1onn, in a sum approved by ~he MORTGAGEE, in such canpa~y or compan~e~ a• iM MORIGAGEE may direcl; ~nd all fire and wind~~orm insuronce polic~es on any oi said build~ngs, ~ny inrerest the~e~n or par~ Ihertof, in Ihe aggrega~e ~um aforesaid w in excau ehe~eof, shall coniain the ~sual atandard mortgagae ciauu a such other ctause ai ths Ma~gagee may reqv~ro, maAiny ~hs loas ~nder sa~d po~i- cies, each and eve~y, payable ~o said MORTGAGEE ss its inte~esr may sppear, ~nd eacA and every such policy shall be p~omptty ass,gned er,d dei~ve/ed ?o any held by sud MORfGAGEE ~s turther seturity to said mortyage deb1, snd, no1 leu thsn ~en (10) days in advance o1 the expirstioe~ 01 each polity, to d~- livtr Io said MORTGAGEE a te~iewal thereof, toge~har wiih e rcce~p~ fw the premi~m of ~uch renewal; and ~hers ~hall be no L?s or wi»datorm insuraoce p~aced on any of sa~d b~ild~ngs, any intere~l there~n or par~ thercof, unless in the fwm ared with rh~ loss payable ~s ataessiJ; ~nd in the event a~y ~um of monsy becomt~ payabte u~der such pol~cy w poGciea said MORTGAGEE ahall have ~he opt~on to ~eceivc and apply the ssme on accoun? of the inda6ted- ~ neis secur~ hereby a ro pe~mit said MORTGAGORS to rece~ve and use it or any part ?hereof for o~ner putF osrs, v.~thcut ~h,.. or wa~~~.>g cr unp.,~r- ing any eQu~ry, lien or r~ght under o~ by virrue of this mortgage; snd in the event ~a~d MORTGAGORS shall ia any reaso~ fail to keep ~he said p~emisrs so insured, o~ fail fo deliver pro~nplly any of iaid policies oI insuroi+ce 1o w~d MORIGAGEE, or (ail promptly to pay fully any pren,i~rn ~herefo~ w in a~y respect fail to per(am, d~scharge, execute, effecl, comp~ote, compty wirh end ab~de br this covenanl, w any parl he~eof, aa~d MORTGAGEE may place a~~tl pay (w tuch imurance o~ a~y part thereof withovt waiving w a(fecting aey option, lieo, equ~ty, w~igh~ under or by virtue of this Mwlgage, and tht fuil amount of each and every such payment shall be ~mmediatcly due and payable and shall bear in~eres~ from fhe date thercof un~il pa;d at the rate of nine per ceorum per annum and to3eth.:r wifh such interest shail be secured by the lien oi Ihis mortgage. 1. To permit, commil or sufier no waste, impairment o~ deterioration of said property o~ any part thereof. 5. To pay all and singula~ the costs, charges and expenses, including a reawnable atto?ney i fee and costs of a6strads of title, incurred or paid st any time by uid MORiGAGEE, because,or in the event of Ihe (ailure on Ihe part ot tha said MORTGAGOR to duly, promptly and fvl!y perfam, d~scharge, execute, e(fet~, complete, comply with and ab~de by eath and every the stipulations, ag~eeme~ts, conditiont, e+?d mvenanri of said promissory note and this mortgage eny w e~ther, and said costs, charges and expensea, each and every, shall ba immedialely due and payabte; wheiher w not there be not~ce dc mand, attempt to coflcct or suit pe~d~ng; and the fu!! amounf of each end every such payment fhall bear interes~ from the date thereof umit paid at the rate o~ nine per centum per annurn; and all said cos+s, charges and expenses intv~red w paid, together w~th such interest, slwll be secured by the lien of this mortgags. 6. that (a) in the event of any breach of this Mwtgage or default on the pa?t of the MORTGAGOR, or (b) in the event any of sa:d sums of money herein referred to be not promptty and fully paid wifhin th~rty (30) days next after the same severally beco~~e due and payabte, wi~hou~ demand w notice, or (c) in the eveot each and every the st~putations, agreemems, cond~t~o~s and coveoants of sald p.omi:sory note and ih~s mortgage any w ei~he~ are not iuly, promplly and fu11y performed, d~scharged, executed, effectcd, completed, complied wlth and ab~ded ~y, then in e~ther w any wch event the sa~d ag- greoate sum mentioned i~ said promissory rrote then remaining unpaid, w': h inreres~ acuued, and atl moneys secured hereby, shatl become dua and pay- ab!e torthwith, w thereafter, at the oprion of said MOR7GAGfE, as fully and compleiety as il all oi ~he said aums of money we~e aiginatly st~pulated to be paid on such day, a~y~hing in sa,d pro~nisso~y note or in this Mortgage to the contrary notwi~hstanding; and ~hereupon p lhereafter at ~he op~ion of said MORTGAGEE, wilhout ~otice or demand, suit at law w in equity, therefore w t!iereafrer begun, may br prosecvted as if all moneys secured hereby nad matured pno~ ?o its institution. 7. That in the event that at the beginnir.g of w at any time pend~ng any s~it upon Ihis Mortgage, o~ to fweclose it, or to refwm i1, or to e~force payment of any claims hereunder, said M~RTGAGEE shatl apply to the Court having ;urisd~Uion ~hereof fo~ ti~e appo~ntment of a Receiver, such Court shall Forthwith appo'~nt a receiver ol said mortgaged proper~y all and singular, ~~~ivd.ng alf and singular the income, profits, iu~es and revenues from whatever source derived, each snd every of wh~ch, it being expresaly unders~ood, is hereby mortgaged as if speufically set fwfh and described in the prant;ng and habendum ctauses F,ereof, and such Receiver shall Aave al! the broad and effedive tunu:ons and powers in anywise enuusted by a Court ro a Receiver, and such appointment shall be made by such Court as an admitted equity and a matte~ of absolute rigAt to aaid MORTGAGEE, snd withoul reference to the adequacy or inadeq~acy of the val~e of tF~e properry mor~gaged or to the sowency or insotvency of sa~d MORiGAGOR a the defendants, and ~hat such renfs, prof;ts, intome, iuues and revenues shall be applied by such Receiver according to the ~ien w equ+ty of said MORTGAGEE and the praclice of such Court. 8. To dvly, promptly and fully perform, discharge, execufe, effecl, complete, comply with and abide by each and every the stipvlafions, sgreemenls, conditans and covenanes in sa~d p?om;sswy nofe and this mortgage set forth. 9. Thaf in the event the ownership ot the mortgaged premises, or any part thereof, becomes vested in s person other lhan the MORTGAGOR, the M.QRTGAGEE, ita autcessors and ass~9ns, may, wi~hout norice to the MORTGAOR, deal with such suctessw a successor in interest with refere~`ce to this mortgage and the debt hereby secured in the same manne~ as with Mortgagor without in any way vit~ating or diuhargi~g the Mwtgagors' liability herr under or upon the debt hereby secured. No saie of the Frem~ses hereby mortgaged and no forbearance on the part of the MORiGAGEE or its successws or assigns and no extension of the time fo~ the payment of the debt he.eby secured given by the MORTGAGEE o~ ifs successors or auigns, shall operate ~o release, d~xharge, modify change or affect the original liab;l~ty of the MORTGAGOR herein, either in whole oi in part. 10_ tt is specif;catly agreed that time is of the essence of this contraU and ~hat no waiver of any obligat~on hereunder w of the obligation sr cured hereby shall at any time thereafter be hetd to be a waiver of the terms hereof p of the instrumenl secured herby. I l. In add~rio~ to the forego ng monrh!y paymsnts of princ'pal and interezt required by the prom;ssory note secured hereby, mortga~or covenants a~d agrees to pay to mortgagee with each month!y payr,:em an add~~ional sum esf~mared by mortgagee to be eq~a{ to 1, l2 of the annual cost of the follow- in~: ~ A-AO real property taxas lev~ed or assessed agai~st tFc abave described real estate. 6-Premiums on fire and w~~dsror~n insu~ar.ce as herein requ;?ed to be carried on the improveme~ts situate on the above de:cribed p:emises. ' C-Premiums on such mortg;ge guaranty inwrar.ce as mo~igagee snait from t me to tiene deem fit to tarry on the loan secured hereby. Mortgagee shall from time to time notify mortgagor in writing of the amount due and payable herevnder and such sum sha{f thereupon be due and F3yable on the d~e date of tne next monfh:y payment and each successive monrh thereaftcr urti! mor:gagee shall notify mortgagor of a change in such a~:ount. Such sums sHail be app'ird by mortga9ee toward the payment of reai property taxes, insurance prem;ums, and mwtgage guaranty insurance oremiums. ' I ITNESS WHfREOF, the sa~d MORTGAGOR has hereumo seT his hand and seal the day and year first aforesa;d. ,~alefl d iver ~'~in the prexn e of: ' ~(.CJ a4 ~ • ~ ~ QLf/ 11/ ~ (Seal) i i ( - C (Sealj o ~ P ~ (Sea!) { STATE OF FtORIDA # COUNTY OF St. I-uc ie } ~ ` 8e(ore me perwnally appeared ~~'~d ~OUntS and ~ Sadie Bell Mounts his wife, to me well known and known to me to be r the individuals described in and who execWed the fore qo-ing instrument, and acknowledged before me that they executed the same iw the purposes ~ therein expressed. And the said $'~1@ B@11 MpUr1tS ~ wife of the sa~d Howazd Mounta upon a separste and private ` } exam;nat~on by me taken separate and apart from 1~er said husband, ecknowledged to a~d before me that aF~e exe5yted said instrumant frelly and volun- ; t tanly and without any compulsion, constraint, apprehens~on, or fear of or from her said husband. • ~ WITNESS my hand and offic~al seal this 23Lh d of `Jul ` J A* . q 73 ~ ~ , - _ Notary Public in and for t State of ~id~i at~Lai9e ' _ ~d My Commission eapires: Retwn To: v ~ ~ . ~'-I -s.' - Fint Ftderal Savings b loan Assxiat~on ~S`Q NOTAP.Y PUB:1CrSTATE OJ RORIOA`1~1AR(?E- _ Of Fort P~ere?. ~~~8~`!~Y C~J'{M1SS1~'i ,EX?IEcS GEC: .2~, t~TS Boracd in~u Ge„eial 4nsunn[t batlerytltWi ~ Fort Pierce, Fbrida ~ , . t ` ; ~ : ST lUC1E CO ECORDEp ~ ~ ~oCF~ f UIYTr F~ ~ This Instrument Prepared ByJohn W. Co2lins RF ~P£DVFwr l~ T COURt - First Federal Savings & loan Association nw~„`~ ~ 3 of Fort Pierce ~ Rlorida ~g 8 j8 Ah ~q ; Checked By . ; . ~JO!1~~~ ~4T~ ~~e - c ' . - - ~ . . . ~ . ~ = _