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Home My WebLink About0510 3: To plac~ and continuously keep on ~he bui:d~ngs now a hereafter ii~ua~e on ea~d I~nd and on sll equipment and pasona!ly tovered by this mort~ sfl~. wi~h all pren,iums thercon pa~d in (ull, f~re ~nyu~ance ~n ~he us~al ssandard potity form, in s sum app+oved by the MOR~GAGEE, and winds~wm insur~rK~ tn the usual •eanda.d pol;cy form, in a sum approved by 1he MORTGAGEE, in iuch company o~ cwnpan~es as 1M MORTGAGEE may dirtdt ~nd ~II fire aod w~ndstorm insvrance pof~cies on any of said buiid~ngs, any inlere~t ?herein w part thereof, i~ t!w aqgregsre sum afuewid o~ In exceu thercof, ~halt contain the ueual srandard moregagee clau~e a such other cleuss as th~ Matysgee may requ~n, ma4inq ~he los~ ur+de? ~a~d poli- cies, each snd avery, p+ya5fe to'taid MORTGAGEE as iy interest may appea?, and eacA and every ~uch poticy shall be promptly as: gncd and delivered ~o eny held by sa~d MORIGAGEE as further security to said ma~gage deb~, a~+d, not less than ten (10) dayt in advance of the exoi~ation of each policy, to dr liwr fo said MORiGAGEE a renewal thercof, toge~bsr wi~h a rece~p~ fo~ Ihe p?emium of svch renewal; and ~here shall be no Gre w w~~dstorm insuranc~ placed on ~ny of said buildi~ys, ~ny intaest the~e~n w parl thereof, unlesa in ihe fo~m and wi~h the loss payable a~ aforauid; and in the event any sum of money b~comes payable u~der such policY a polrc~es said MORTGAGEE shall have the oprion to rece~ve and apply the same on accoum oi ~F+e indebted- ness secured hereby a to permit sa~d MORTGAGORS to receive and use if a any pa~t ~hereof for oiher pu.poses, v.~~hout th_reb~ waivin~ o~ uupair- ir+g any equity, lian or righl unde~ or by virtue of this mor!gage; ~r+d in the event said lNORTGAGORS shall fo~ any renson fail to kcep the said p~emi?es so ins~red, w fail Io deliver promptly any of said policies of inswance to wid MORTGAGEE, w lail promptly to pay fully ~ny premium ~herefor or in a~y ~espeN fail to perfwm, d~scharge, execute, affect, complete, comply wi~h and ab~de by this covenaM, w any pan hereof, u~d MORIGAGEE may plice and paY fw suth irnuronce a any pan thereoi without waivirg w ~ifectirg any oplion. lien. equity, o~ ~ight undr a by virtue of this Matgs9e, and 1he full amount oi cach snd eve+y such paymenl shall be imrnediately due a~d payable and shall bear intereat from Ihe data Ihereof until paid at the rate ol nlne pa centum pe~ annum and to~ether with such inte~est shall be secured by tht liee of thi~ matQage. 4. To permit, commlt w sutfe~ no waste, tmpai~ment o~ dele?ioration of aaid properry w any pa?1 thereof. S. To pay aU and singular the costs, charges and expenses, including a ressonable attwney t fee and costi of ~bstracts of titte, incurred or paid at eny time by ssid MORTGAGEE, because w in tF+e event of the failure on the part of the said MORTGAGOR to duty, promptty snd futly perform, d~scharge. execute, effect, complete, compty wnh and ab:de by each and every the sfipulstions, sgrerments conditions, •nd covenanq of ~aid promiswry note and thi~ mortg~ge any or ei~her, and sa~d costa, charges and expenses, each and every, sha?1 be immediately due and payable; whether w not rhere be notice de~ mand, anempt to colkct o? tuit pending; and the futl amount of each snd every such payme~t shaH bea~ intereat from Ibe dare thereol u~tit paid at Ihe ~ate of nine per cenrum per am~um; and all said tosts, charges and expe.~ses incurred or paid, logether w~th suth imereat, shall be secured by the liee of this mwtyage. 6. That (s) in the evenf of any breach oi this Mortgsge o? defauit on the part of the MORTGAGOR, or (b) in ths evenf ~ny of sa~d swna of monsy herein refe-rad to be not promprty and fully paid wi~hin th:rty (30) days ncat afrer the same severafly become due and payaWe, wi~hou~ demand or notice, or (c) in the event each a~d every the stipulations, syreements, co~d~tions and cove~snts of sa~d promisso+y nbte and th~s mortgage any or either are nol ~uly, promptly and fully pe~formed, d~uha~g~•d, executed, effected, complered, compl~ed wi~h snd abided by, then in elther or a~y such event the said ag gregate sum menriorw.d in said promiuwy note then remaining u~paid, with imeres~ accrued, and atl moneys sxured hereby, shall become due and pay~ able fwthwith, w thereatter, at the opr~on of said MORTGAGEE, as fully ard comptetety as if alt of the said sums oI money wcre w;ginally st~pulated to be pnid on such day, anything in sa:d pra~~sswy note or in this Mortgage to the contrary notwithstanding; snd thereupon w thereafter at the optioo of said MORTGAGEE, withoul notice or demand, suit at law or in equity, tfxreFore w thereafter begvn, may be prosecuted as if all moneys tecured hereby nad rruwred pr~w ro ~n iosr~rurion. 7. That in the event ~hat at the beginn~ng of or at any time pending any s~it upon th~s Mwtgage, or to ~oreclose it, w to refocm it, or to enforce payment of any claims he~eunder, said MORTGAGEE shall apply ro the Gourt having ~wisd~ttion thereoi for the appointment of a ReceivH, such Court shaft forthwith appoint a receiver of said mwtgaged property a11 and si~gular, includ.ng aIl and singular the income, profits, issves and reven~es from whatever source derived, each and e~ery of which, it be~rg expreasty unders~ood, is hereby mortgaged as if spec~fically set forth and described in the 9ran?ing and hatxndum clauses hereof, and suth Receiver shail have all the broad and effective functwns and powers in anywise entrusted by a Court !o a Receiver, and :uch appoinrmont shall be made by such Gour1 as an admitted equity and a matter of absolute right to said MORTGAGEE, ~nd without rtFerer.ce to the adequacy o~ inadeq~acy of the value of the properry mprtgaged or to the so:vency or insolvency of said MORTGAGOR a the defendants, and ~hat such ren~s, profits, income, issues and ~evenues shall be applied by such Receiver accord~ng to the lien or equity of said MORiGAGEE and the pract~ce of such CouA. 8. To duly, promptly and fully perform, discharge, execute, effed, mmplete, comply with and abide by tath and every ihe'stipulations, agrcements, :onditions and covenants in said prom~ssory note anti this mo~tgage sef fwth. 9. That in ~he event the ownersh~p of the mortgaged p~em~ses, w any paA thereof, becomes vested in s perso~ other than tlx MORTGAGOR, the ~:•02TGAGEE, its successors and assigns, may, without notice to the AM1ORiGAOR, deal wi~h such succeuor a successor in interest with reference to this mortgage and the debt hereby secured in the same manner as with f~lo~tgaga without in any way vitiating or d;xharging the Mwtgagon' liability herr under or upon the debt hereby secured. No sale of the premises hereby mo~tgaged end no forbea~ance on the part of the 1AORiGAGEE or iri sutceswn or assigns and no eztension of the time for the payment of the debt hereby secu~ed given by the MORTGAGEE o~ its successas a auigns, shail operate ro retease, discharge, modify change or affect the original liab;:ify of the MORTGAGQR herein, either in whole or in pa~t. 10. It d: spec~fically agreed that time is of the essence of this contract and that no waiver of any obligation hereunder or of the obligation st cured hereby shall at any time thereafter be held to be a waive~ of the terma hereof w of the instrument secured herby. 11. In add~tio~ to the forego:~g monthly payments of princ'pal and interest required by the prom;swry note tecured hereby, mortgagor covenants and agrees to pay to rRO: tgagee with eath monthiy ~,ayrnent an add~~ional sum est~mated by mortgagee to be eqval to l~ 12 of the annual cosl of the fol{ow- ing: A-A!I real property taxes levied or assessed agai~st the above described real estate. B-Premiums on fire and windstorm i~wrance as herein requ~red to be carri~d en the improvemears s+tuate on 2Fie above destsibed premises. C-Premiums on such mortgage guaranty e~s~rar,ce as mortgagee shall from time to time deem fit to carry on the loao secured hereby. Mwtgagee shait from time to time nctify mortgagor i~ writ~ng of the amo~<nt due and payable hereunder and such sum shall thereupon be due and ~ayable on the due date of the nex: month!y paymem and each successive month thereafter urtil mortgagee shall notify mortgagor of a change in such am~nt. Such sums sF.al1 be app;eed by mortgagee tomrard the paymenl of real property taxes, insurance prem:ums, m~d mortgage guaraaty insurance p~emiums. . IN YJITNESS WHEREOF, the sa~d MORTGAGOR has hereunto set his hand and seat the day and first aforesaid. Signed, Seated arxl ive~ed in the preser+ce of: , , . _ ~ ~ .n i rseaq ~ ~ ~ _ tc~aq i ~ 57ATE OF FLORIDA ~ courarir oF SL. Lucie ~ u- ~ Aobert G. ~ Before me personatly appeared ~~Or e~ ' Ra ola J Ma jor ~ y • F~is w~fe, to me well known and krawn to me to be ' the individuats described in and who execu:~ the fwegoing i~sOtrument, and ackiqwtedged before me that they exccuted the same for the purposes ' rherein expressed. And the said Rs OTa MA ~ Robert G. Ma ior wife of the said upon a separate and private ~ e:amination by me ta4en 'separate and apart from her said husband, etknowledged to and before me that she executed said instrument freely and volum ~ tarily and w~thovt any compvlsion, constrainl, apprehens~on, w fear of or from her said husband. WITNESS my hand and official seal this 6th day of au~llSt _ A_~,..39 73 7 's / i Notary Public in and for the tate it ' ` My Commi i , ~fie~' =4"±;: u on expirer. s Retum To: ' ' • ~ -f . ~ ' ' . First federal Savings 3 loar~ Association : cn ' - ~ ' . : - - ' - Of iort Pierce. ~[~nCS~ ~R'r PUBl!C. S#AT~~ ~~DR ~ ~ , ; - Fart Pierce. Florida lJijV ~OMyls"S{AN ~fX~FES~EG},29. :1t76= ; FI;EJ ~r'. ~°_C~?DED • ~ ~ t ~nndM Tt+~uT.~r~l lyy.:~ e t/R~nrr:cli!!p. ~ z ' ST.:UCf:' ".~~N,Y flA. • TRa~ o =4v ~ ; E_~ ~.~~T ~Oi;RT ~ . s This Instrument Pre ared B • + ` p y John W. Coll~hs~ y' ~ t` ' First Federal Savings 8 loan Association ~ ~ . of Fort Pierce, Florida ~Uv 0 4 02 PH 73 } ~ . ~ ' ~ Checked By ~ ~ f ' . . aooK 217 ~a~ 5~ f j` 3 S_ _ _ . . ~ . - - - - - - - - _ _ ~ _