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Home My WebLink About0865 3. To p~act and cortt~~uously keep on the bui'd~ngs now a hereai~tr ~itus~s o~ sa~d ~and a~d on ali equ~p~nent and perionally cove~ed by this matg- s~e, with ail pre~~iuma the~eo~ pa~d in fuli, fire i~~suranca in the utual standard po~~ty to~m, in a sum app~ovod by the MOR(GAGfE, snd wind~tam ~~suranc~ i~ Ihs uswl ~~andard pol~cy fam, in s sum approved by tM MORiGAGEE, i~ tuch compcny or canpanies a~ the MORTGAGEE may 4~~Ktj and all fir~ and wind~~wm insurance poliues o~ iny of said build~ngs. ~ny in~erest fhcrein or part the~eo(, in tM apqregare fum aio~esaid or in ~atns thsreof, shall conlain 1h~ uwal sundard mwtgaflee cfause w such ather dause a~ ths MoNysges may rcqu~rs, maliey the lost u~~de~ ~a~d poli~ c~es, Nch and ~we~y. payabte to said MORiGAGEE as iti in~crest m~y appaar, and eath a~d •vcry such policy ~ha~l be promplly au yned and del~ve~ed ro •ny held by ~ald MORiGAGEE ss fu~ther security ~o said mortgaga debt, and, nol less than ten (103 daya in adva~ue of the expirat~a~ of each policy, to d~- ~ l~ve~ to aid MORTGAGEE a renewal fhe~eof, toge~he? with a rece~pl for the prem~um of such re~ewal; and ~here ahall be no f~re or windsto~m insuranc~ placed on ~ny of said buildings, any interest therein a put thereof, unles: in the fwm and with th~ loss payable as a(wetaid; and in tM evenf any sum of mon~y becomes payable under such policy w polecie~ said MORTGAGEE shaN have the opt+on fo receive and ~pply the same on accounl of 1he Indebted- ness secursd hereby w to pe~mit taid MORTGAGORS lo reteive ~nd use it or any pa~t thereof tor ofncr purNOSes, wi~hout ~hrreu,r wa1~i~.g o~ ~~~~pair- , ing any equ~ty, lien w rght under w by virtue of thii mo:tgage; ~nd in the event sa~d MORTGAGORS shall fw any ?eason lail to keep ~F+e said p~emisrs so ~naured, w fait to detiver promptly any of said polK7es of in~ura~ce to said MORTGAGEE, or fai! promprly to pay fully any prcm~um the~efw w in any respect fail to perform, dischsrge, execute, elfec~, complete, compty witA and abida by this tovenan~, a any part hereof, ssid MORTGaGEE may platea~d ' pay fw sucF+ insurance w any part thereof witFwut waiviny or ~(fectinp any option, lien, eqvity, or ~ight unda or by virtue of th~ Matgage, •nd t!x tull amounl oi each and every such paymcnt shall be immcdiately due and payab!e and shall bear interest from the da~e theroof un paid ~t ~fa ra~e ol nine per ce~tum per annum and to~e~lx+ with such interest shalf be secured by fhe lien of thii mwtgage. 1. To petmit, commit or suffer no wa~te, impairment a dcterioration of said proptrry o~ any parl thereof. S. To pay all snd siryuls~ the costs, charges and expenses, ;ncluding a reasonabte +ttorney i fee and costs of aburacts of title, incur~ed o~ paid at ' any tims by seid MORIGAGEE, beca~se or in the event of the failure on the part of ihe said MORTGAGOR to duly, promptly and fulfy perfo~m, d~scharqe. axecute, effect, complete, comply w~th and ab;de by each aod every ~he atipulanons, aqreemenn, conditions, and covenants o( said prom~ssory note and this mortgaQe ~ey o? ei~her, and sa~d costs, charges snd expe~xs, exh and every, shall be immediately dva and payable; whether w not there be noiice dr mand, ~ttempt ~o collcct w suit pend~ng; and the full amo~nt of each and every such paymenl shall besr interest from the da~e theaeof until paid at the rate ef nine per centum per anuum; and all wid costs, charges and expenses incurred or paid, together w~th such interest, shall be secured by the lien of thii ; mortpa9e. t 6. That (e) in the event of any brcach of this Mortgage or default on the part of the MORTGAGOR, or (b) in the event any of w;d swns of money herein referred to be not promptty and fvily paid within th+rty (30) days ?~ext after the same severatly become dve and payable, without demand or notice. or ic) in the eveM esch and every the stiputa?ions, agreemcnts, conditions and covenants of sa~d promissory note and th~s mo~tgage any or ei~her are no1 ? ~uty, promptiy and fully perfwmed, d~scharged, executed, ef(ected, completed, complied wirh and abided Sy, then in e~ther w any such eveM the uid ap~ 's gregare sum ment;oned in sa~d p~omissory note then remaining unpaid, with interesl accrued, and a11 moneys secured hereby, shatl become due and pay- abte forthwith, w thereafter, at the opt~a~ of sa~d MORTGAGiE, at fvlly and tompletety as i( afl of the said sums of money were wginally sripulated ro be paid on suth day, a~ything in sa:d prornisswy ~ote w in fhis Mo?tgage to Ihe contrary norwifhsranding; and Ihereupon w thereafeer at the op~ion of sa~d MORTGAGEE, without not~ce o~ demand, suit at law or in equity, tF?aefore w thereafrer begvn, may be prosec~ted as if atl moneyi secured hereby nad maturcd prior to ~ts inatitutan. ~ 7. That in the event that at the be~inning of or at any time pereding any suit upon this Nbrtgege, a to foreclose it, or to re(orm it, or to enforce paymenl of sny claims hereunder, said MORTGAGEE shall apply to the Couh having jur~sdidion thereof for the appo~ntme~t of a Receiver, such CouN shatt ~ fo~~hwifh appoint a receiver of said mwfgaged property all and singula~, irxlud~ng all and singvlar the income, p~oiits, issues and revenues from whatever ' source de?ived, eacf~ and every of wh~ch, i~ being expressty understood, is hereby mortgaged as ~f sprufically set forfh and described in tF?e graming and ? habendum clavses hereof, er~d s~ch Receiver shall have alt the broad and effettive funct.ons and powers in anywise entrusted by a Court to a Receiver, and ~ s~ch appointment shall be made by such Court as an admitted eq~ity and a matt~ of absdute rigM to said MORTGAGEE, and withoul reterence 1o the ~ adequacy or inadequacy oI the val~re of the property mortgaged or to the sowency or insolvency of said MORiGAGOR p the defendants, and that such ~ re~+s, profiri, income, iu~es and revenues shall be applied by such Receive~ according to the lien a equity of sa;d MORTGAGEE and the practice o( a~ch 4 Court. 8. To duly, promptly and fully perfwm, discharge, execute, effect, complete, mmply with and abide by each arid every the stipulations, agreements, cond~tions and covenants in u~d prom~ssory note and this ma~gage set fwth. 9. That i~ the event the ownership o( the mortgaged premises, or eny par! thereol, becomes vested in a person other than the MORTGAGOR, the MORTGAGEE, its successws and aasigns, may, without notice to the MORTGAOR, deal with s~ch successor or successor in interest with reterence to lhis mortgage and the debt hereby secured in the aame manner as with Morfgagor without in any way vitiating or d~uharging the Mortgagors' liability here~ under or vpw? the debr hereby secured. No sale o! the premixs hereby mortgaged and no iorbeara~ce on the part of the MORTGAGEE or its sutceswn or assigns and rw extension of the time ior the peyment of the debt hereby secured given by the MORTGAGEE or its successor• or assigns, shalt operate to release, d~scharge, modify change a affect ihe original iiab~lity of fhe MCRiGAGOR here~n, eifher in whole or in part. 10. It is spec~~icaliy agreed that time is of the essence af this conrract and that no waiver of any obligat~on hereunder or of the obligatan sr ~ cvred hereby shatl at any time thereafter be hald to be a waiver of the terms hereof w of the instroment sewred herby. < 11. In add'Aio~ to the fwego:ng month!y payments o( princ pal and interest required by the promiswry no!e secured hereby. morigagor covenants i and agrees to pay to mortgagee witn each monthty payment an add7rional sum estima~ed by mortgagee to be equal to 1/12 of.the annual cost of the follow- ~ ing: A-All real property taxes (eviod or assessed against the above descri~.~ed real estate. 8-Premiums on fire and windztorm insi~rance az he~ein requ~red to be carried on the imFroveme~ts s~tuate on the above d=suibed premises. C-Premiuma on sucfi mo~tgage guaranty insuraace as martgagee shalt fro.~» t:me to time deem fit to carry on the loan secured hereby_ Mortgagee shall fr time to t~me norify mortgago+ i~ writ~ng of the amount dve and payable hereunder and such sum shall thereupon be due and ; f.ayable on the dyw da of the neat monthly paymem and each successive mo~th thereafter urtil mwtgagee sAa~l ~not~fy mortgagor cf a change in such i a~~o~nt. $uch ms .atl be appiied by mwtgagee toward the payment of real property taxes, insurance prem:ums, and marfgage guaranty iosurance ~ promiums. . ~ i IN ~ITNE Y~HEREO , fhe Said MORTGAGOR has hereunto set ' `~*d~~ the day and yea? first aforesaid. ~ ned, al a ' t e p nce of: ~~i~ 4~~0~, . ; ~ ~Z-- ~ . Sea~ c. witnss C ~ 2~' ~ . ? ~ Manu 1 Bu a ra 3,roy~1' ~~3~r1~~ ,L -~a,;:_~ 1 ~ ~eGtlld~t~. ~id![zteA rs~n w1tD@ ~t OtAR1~ Seal) # sr TE F Co2oabia S. A. - .~~r?E oF S~~ ~ G~O ~t ~f j3a ~ couNnr oF - ~ ~ Befwe me personally appeared 1'~~el Buenahora a~ Marina de Bl1~l2d130ld his w~f~, to me well known and known to me to be ~ the individuals dewibed in and who executed the fotegang instrume~t, and atknowledged before me that they executed the samr for the purposes ~herein expressed. And the said Mar:.na de Bu~ahora ~ w~fe of the said ~nU@1 BL~R~iOra upon s separaro and priwte ' ; examination by me taken separate and apart from her ssid husband, acknowledged to erx! before me that she e:etuted said instrument lreely and volvrr ; rarily and without any compulsion, co~straint, apprehension, or fesr of w from he~sal, h~~l~. : WITNESS my hand and official seel this dsy of + ~ ~ A. p. 73 FILED A?iC RECQHpED ~ ~ . F ST. CifCIE ~,Q(1NT~ FLA. Notary Public ' State of ildids at I.ar9e ~ ROGER ?c}~TRAS c~~aK c:zcu~; couat ~ ~ Cola~bia S. A. Retum io: p~ ~0a-; t. t ~~l~G First Federal Savingt 3 Loa~ Auociat~on t~~' f Of Fort P:erte. ~'y~ R 3 36 PH'~~ ~ W T O~ ~ fort Pierce, Flor6da W w ° V t"' - ' 2~083~ :~,z~~S~~~ ta.t~~~ ~i ~~~n .~4.- , ~ ~ ~ cdt~`~ ; This Instrument Prepared By J. H. RobeYts ~ JZ. ~ " ~ First Federal Savings & Loan Association ~ . n ; of Fort Pierce ~ FloY ida a~ - ; ~ ~ i J,~„~~ ; Checked By t - - ; - ~ - i - - , ~ - " - ' ' - ' ~ - ~r_ , R!lRr~:~~•P1~r:} ~['1~ :~i ~y ~ 4 7 ~ ~ ~ - t./~ - - . _ a , • _ _ . _ _ - - - _ R~ . ~ ~ .~~a~.~"~~~~