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Home My WebLink About0092 3. To plac~ and continuously keep on ti~e tw~!dings now a hereafte~ situat~ on aa~d lend ~nd on att equipmrnt and pe~so~a~~y tovered by this mwtg~ ags, with sh premium~ 1he~con pa~d ~n Iuti, firo :nsurance in the usual stendard pot~cy form, in a sum approvcd by t1t~ MORiGAGEE, and winds~orm insurante in tM uwal sundard po:;cy form, in a fum approved by tM MORTCiAGEE, in such company o? canpan~ri as the MORTGAGEE m+y dirtch ~~d all (ire and w~nds~o~m insuronce policir~ o~ any of sa~d build~n9i, any inte~est Iherein or part thereol, i~ tM agg~eqa~e sum •taesaid or In excess thereof, shell cuntain ths usuat standard mor~gaget dause w such o~her tlause +t Ihe Mo~tgagee msy reqv~r~, maAing ihe ~oss unde~ fa~d poli- ues, each and evcry, payable to ie~~ A10RiGAGEE its frozres~ msy appear, and each and every such poi~cy ~hall be promp~ly a~s g~~ed a~~d de~iverrd ~o any held by sa~d A10R1GAGEE ~i furthe~ secu~ity to said n~ongaye dabt, and, not les~ ~han ten (101 day~ in adv~nce of the eapiration of each policy, to d~- liver to said A10RTGAGEE ~ renewal thereof, ~ogether with a receipt fo~ the p~e+n~um of such renewal; and ihere shall be ~o f~re o~ windstor~n Insurance plated on any of sa~d buildings, any interc:t therein or part thereof, unless in ~M form and wilh Ihe loss psyable aa afo~esaid; snd in Ihe event any tum of money becon+es payabte under such poticy w polScies said MORTGAGEE shall have tt+e~ opt~on to receive and epply the sa~~e on accoum o( the indr5ted- neu iecured hereby or Io pe~mit said MORTGAGORS ~o ~ecrive and use it w any part thereoi ior om^~ pur~:oaes, r.nho.,r ~h,~~u~ woi~~:~g or unpau- ing any equity, lien w riqht unde~_ot by virtue of this mortgage; and in the event said MORTGAGORS shall ior any reason fail to keep the said premisz• so insured, w fail to del+ver p~omptly any of said policies of insurance to sasd MORIGAGEE, w fail promptly to pay {uily any prem~~m theretor ar in a~y reipect fail to periwm, d~icha~ge, e:ecute, effec~, complete, comply with snd abide by this cove~ant, a aay part hereof, said MORTGAGfE may place and pay for such insu~ance or sny par~ thereof w~~hout waiving or af(ecting a~y opt~on, lien, equ;~y, or r~ght under w by virtue oF ~h~s Mwtgage, and the ful! amouM o! esch and every such payment shall be immediately due and payaule and shall bear int~res~ from tM date thereof umii paid at the rate of nine per centum per annum and together with such interest shall be secured by the lien of this morrgage. 1. To permit, commit o? suffer no wasle, impairment a deterioration of said property o~ any part thereof. 5. To pay all and aingular the costs, charges and expenses, inctuding a reasonable anorney's fee a~d cos~s of abatracts of t~t!e, incu~~ed or paid at any time by said MORTGAG'E, becauae or in Ihe eveN of the failure on the part of Ihe said MORTGAGOR Io duly, p~omptly and fv~~y pe~fwm, d~stharge, execute, ef(ed, comptete, comply w~th and ab:de by each and every the stipu~at~o~s, sgreements, conditio~s, and covenants of said prom~ssory note and ihis mortgage any or eitFxr, and sa:d costs, charges and expenses, each and evrry, shall be immed7ately due and payab~e; whether or not there be notice do- mand, attempt to collect or suit pend~ny; ar+d the full amount of each and every such payment shall bear interest from the date thereof until paid at the r.,re of nine pe~ centum per annum; and ai1 said costs, cha~ges and expenses incurred or pa~d, together w~1h such interesL ahall be setured by the lie~ of this motfgags. 6. That (a) in the event of any breach of this Matgage or defaulf on the part of fhe MORTGAGOR, or tb) in the event any of utd sums of money harein teferred to be not promptly and fully paid within th~rty (30) days nexf after the same severally become due and payable, without demand w notice. or in tha event each and every the stip~lations, a9reemenn, co~d~f~ons and covenanrs of sa~d promissory note and tA~s mortgage any or ei~her are nw iuly, promptly and futly perfwmed, d~scharged, eaecuted, effected, completed, complied with and abided ~y, then in either or any such eveM the sa~d ag gregate sum memaned in said promisswy nore then remai~ing unpaid, with interes~ accrued, and atl moneys secured hereby, sha~l become due and pay abte forthwith, or thereafter, at the option of said MORTGAGEE, aa fully and completely as if all of the said sums of money were aigina~ly tt~pu+ated to be pa~d on such day, anything i~ sa;d promissory note or in this Mortgage to the contrary nor,Nithstanding; and thereupw? a thereafter at the option of said MORTCaAGEE, without notice or demand, suit at law or in equity, the~efwe w thereafter begun, may be prosccuted as if all moneys setured hereby nad matured pna to ns instituteon. _ 7. That in the event that at the begin~irg of a at any time pending any suit upon this Mortgsge, o~ to io~eclose it, or to reform it, or to eoforce payment of any claims he.eunder, said MORTGAGcE shall apply to the Court F~aving jurisd~c~ion thereot fw the appointment of a Receiver, such Cour~ shall icrrhwith appoint a receiver of said mortgaged propeny atl and singular, inciud~ng all and singular Ihe income, protAa, issues and ~evenues irom whatever source derived, each and every of wh~ch, it .,eiog expressly understood, ia hereby moregaged as ~f speoiically set forth and destribed in the granting and habendum clauses hereof, and such Receiver shall Fwve all the broad and effective funct~ons end powers in anyw~se entrusted by a Co~rt to a Receiver, and s„ch appointment sha11 be made by such Courf as an admitted equity and a matter of absolufe right to said MORTGAGEE, a~d without ?e~erence to the adequacy or inadequacy o( the value of the property mo~tgaged or to the soivency a insolvency of said MORTGAGOk o~ the defendaMS, a~d that such ~erns, profits, income, issues and revenues shall be applied by such Receiver according to the lien or equity of said MORTGAGEE and the practice of such Court. . 8. To duty, p?omptly and fully perfo~m, d~sctwrge, execute, effect, complete, comply with and abide by each a~d every the stiputations, agreements, conditions and covenants ~n said promissory note and this mortgage set iwth. 9. That in the event the ownership of the morlgaged premises, or any part thereof, becomes vested In a person other than the MORTGAGOR, the h'~OR7GAGEE, its succeuors and assi9ns, may, wifhout notice to the MORiGAOR, deat w~th such successw a s~ccessor in interest wi+h re~erence to this rrortgage and the debt hereby setured in the same manner as with Mortgagor without in any way vitiating or dixhargi~g the Mortgagors' liability Fxre- under w upon the debt hereby secured. No sa~e o( the prem~ses hereby mortgaged and no forbearance on the pan of the MORTGAGEE or its successors or assigns artd no extension of the time for the payment of the debt hereby securcd given by the MORTGAGEE or itt wccessors or assigns, siiall operate ro releau, d~scharge, modify change or affect the original liab~l~ty of the MORTGAGOR herein, either in whole w in part. 10. It is specifically agreed that time is of the esse~ce of this contract and that no waiver of any obligat~or? hereunder w of the obligat'an se- cured hereby shafl at any time thereafter be hetd to be a wa~ver of the terms hereof or of the instrument secured herby. 11. In add:tio~ to the forego:~~ monthty payments of princ pal and inrerest requ~red by the prom~swry no!e secured hereby, mortgagor covenants end agrees to pay ro mo:tgagee with each monthly payr.,ent an addaional sum est~mated by mortgagee fo be eq~al to 1%12 of the annual Cost of the follow- A-Alf real property taxes lev~e~ or assessed aga~~st thc above described real estate. , B-Prem~ums on fire and windsto+~n ~nsu~ar.ce as hrre~n req~;red to be carri~d on the ~mprovements situate on the above described premises. C-Premiums on such mortgage guaranty insurar.ce as mo~tgagee sha+l 4ram t~me to time deem fit to carry on the loan secured hereby_ Mortgagee shall from time to time notify mortgagor in writing of the amount due and payable hereunder and such surn shall thereupon be due and i Fayable on the due date of the r.ext month!y paymero and each successive month thereafter until mortqagee shall not~fy mor~gagw of a change in such ~ a~:ount_ Such sums sF.ail be app'ied by mortgagee toward the payment of real property ta~ces, insurance prem;ums, ai~d mortgage guaranty insurance premiums. ' t IN WITNE55 WHER~OF, the said MORTGAGOR has hereunto set his hand and sea( the day a ' t aforesai ' e ' ned, Se~ !ed and detivered in the {ueunce ofc S° i \ '6 . Seaq ~ Z_ S• H , Sea4 ~ ~ ' (Scal) ~ Gloria B~ H~tea ts~aq STATE OF fIORIDA ~ ~ C~ SS. COUNTY OF Lucie = Before me personally appeared Rt~ssell E• H~I16s and ~ ~ Gloris B. Hi.r~es his wife, to me well known and known to niie to be rhe individuals described in and who executed the fore~oing instrument, snd acknowledged befwe me that they executed the _tOr.- p~rposes ~ Gloria B Hines - rfierein expressed. And the sai ; K_ ,~~fe of the said R~8@IZ B~ ~IlE~B ~ ~ ' • tiad-prnate ~ examination by me taicen separate and apart from her said husband, acknowledged to snd before me that she exe:uted s~• ru~h~~~~~ irolum raril and w~thout an com ~Ision, consrraint, a rehensi or fear of or from her said h~sband. ~ ~ Y Y P' PP ^ y~~ ns ' ~ i3 ' ~ WITNESS my hand and official seal thi: .L+~~1 day of A U~t ~ U 1~ d, . ~ ;;p'1~,:~~~,_ " Notary Public in and for the Sta ~ ~ ~ . My Commission expires: - , ~~y + - ~ ^ Return To: ` ~1(~~( 8t LAQGE First Federal Savings d. loan Associat~on IIOTARY PUBUY.r~T~.Ot•~~~~ NIY COMMISSt0i1 bfPfB~~SEPT. 25. 1915 ~ Of fort P•erce. t ~p~~ ~ J~g~p ~ItitEfS IRSUfdRtB ~ fort Pierce. Flo•ida . 262455 ~ ~ This Instrument Prepared By J~ H. RobeYts~ JY. FILEO AMC RECOROEO - First Federal Savings & loan Association ST. LUCIE ~OUMTY FIA. ROGEF rd1TRAb L of Fort Pierce ~ Florida CIERK C~~~13tij COURt ~ - RFCORL~ YEF.~ftfD Checked Sy ~ A~ 18 10 24 AM'~3 f;. ~ . ooK 218 PACE 9z . ~.i ~ _E cs a ~ - I ~ ~;w ~ - _ p~e ~r~~` a.~ ~ a _ t~`~ ~ - -