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Home My WebLink About0208 ~ _ 3. To piac~ and continuously kecp on the bui!d~ngs now or here~iter sifuate on said Isnd and on ~~1 cqu~p~nent and psrsona~~y cover~d by ~his mwtg •gs, with ~11 premlums thereon pa~d in (ull, f~~e insurence ~n ihe u~ual s~andard pa~~ty form, in a sum approved by ~he MORfGAGEE, and w~ndaio~m iniurante 1~ the usual standa~d po~~cy form, in a sum approved by the lNORTGAGEE, in iuch tompany or to~np+~~ef ~t ~he ASORTGAGEE may direct; and atl fire and windstorm insurance po~~c~es on any o( said build~nfli, any interest therein o~ part the~eol, in the +99~ega+e ium afaetaid or In eaceu thereof, ihall contain the u?ual standa~d mor~gagee c~ause w such o~her dauss as 1he Mortgagee may reqv~rs, making the tou unde~ sa~d pola cies, each and' e~ery, payable ?o said MORTGAGEE as its interes~ may appear, a~d each and eve~y such policy sha11 be promp~ly ais gned a~d deiivo~rd to any held by said MORTGAGEE as (urther security to said mor~gage debt, and, not less than ten (10) days in advance of the eapira~~on of each policy, to da I~ve? to uid MORiGAGEE a renewal ~he.eof, toge~her wiih a~eceipt fw the premium oi suth renewal; and ~here shall be ra f~re or windstonn ins~rance plactd on any of said building~, any intere~t therein w part thereof, unless in ~M (orm and w~th ~he toss payable as atoresaid; and in the event a~y fum of money becanes payable under such policy a policies iaid MORTGAGEE shall have the option to receive and apply the same on account of the indebted- ness secured he~eby a ro permit said AAORTGAGORS lo receive and use it or any part thereoT ;•~r o'he~ p~rposes, vr.~ho~t th~r~ o,r wa~~~n~ oi unpa~~- ing any eqv~ty, I~en w right u~der w by virtue o( this mo:•gage; and in the event sat¢ MORTGAGORS shall for any reason fail to keep the said premisrs w in~ured, w fail to del~ver prompllY ~ny of said polKies of insurance to uid MORTGAGEE, w fa~l promptly to pay futty any pre~niu~n thereior or in a~y respect fail ~o perfwm, d~scharge, execute, eifecl, comp~ete, tomply with and abide by this covenant, a any part hereof, said MORiGAGEE may place a~~d pay iw such insurarxe or any part thereof without waiving or affecting any option, lien, equ~ty, or r~ght unde~ w Nu vi~tue of this Mortgage, and the full amounl of each and every such payment ahall be immedialely due_ and payable and shall bear interest from the date lhereoi until paid at the rafe ol n~ne per centum per annum and together with such interest shall be secured by the lien of this matgage. 1. To permit, commit or suffer no was?e, impairment w deterio~ation of said property or sny part thereof. S. To pay all and singular the coats, charges and expenses, including a ~easonable attorney i iee and costs of abstracts of title, incurred or paid at eny time by said MORTGAGfE, because o~ i~ the event of the faiture on the part of ~he said MORTGAGOR to duly, promptly and fully perfwm, d~scharge, execute, effect, complete, comply w~th and ab~de by each and every the stipulat~ons, agreements, conditions, and covenants of said promissory note and this mw~gage any or ei~her, and said costa, chargea and expenses, each and every, shail be immediately due and payabte; whether w not there be notice d~ mand, attempt to collM w wit pendiny; -^a the full amount of esch and every such payment shall bea~ inrerest from the date thereof until paid at tht rate o? nine per cenwm per am~um; and all said costs, charges and expenses int~rred or paid, logethd w~th such interest, shall be setured by the lien of this mwtyags. Q That (a) in the ev~nt of any breach of thii NtQrtgage or defautt on the part of the A10RTGAGOR, or (b) in the event any of said sums of money herain r~(oaad to bs rwt-pranpllY.-and_fully_paidwvithill-1hi~IY. 1~) ~aYf.~!4xt after tFx same severalty becane due and payable. witFavt demand o~ notke. - - or (c) in the event exh and every the :tipulations, agreements, conditions and covenams o~ sa:d promissory nme and Ih~s mortgage any oi eit '"r are not ~uly, promptly a~d iully perfamed, d~xharged, executed, effected, completed, compl~ed wi~h and ab~ded tiy, then in eithet a any ~vch event the said ag gregate sum menfioned in said promisswy note then remaining u~paid, with interest accrued, and all moneys secured heraby, shall betome d~e and pay- able forthwith, w thereafte~, al the option of said MORTGAGEE, as futly and completely as if all of ~hr said svms of money were onginally st~pulated ro be pa~d on such day, anything in sa:d' prom~sswy note or io this Mortgage to the contrary notw~rhs~and~ng; and ~hereupon or thereafter at the op?~on of said MORTGAGEE, without notice or demand, suit at law w in equity, therefore or thereatter begun, may be prosecuted as if sll moneys secured hereby nad matured pnw to ~ts institu~ion. 7. That in the event that at the beginning of w st any time pending any suit ~pon this Mwtgage, o? to foreclose it, or to retorm it, or to enforce payment of any claims hereunder, uid MORTGAGEE shall apply to the Court having jurisdicrion thereof for the appoi~tment of a Receiver, such Court shall Forthwith appoint a receiver of said mortgaged propertY all and sirgular, includ~ng all and singular tne income, prof~b, issues and revenues from whatever scurce derived, each and every of wh~ch, it being expressly understood, is hereby rtlongaged ss if spccifically xt forth and desu.~bed in the grenting and habendum clauses hereo(, and such Receiver shall have all the Moad and effettive funct~ons and powers in anywise entrusted by a Court to a Receiver, and scch appointmei~t shatV be made by such Cou~t as an admitted equity and a mattct of absolute right to said MORTGAGEE; ~nd `without re(erence to 1he adeqvacy w inadequacy of the value of the property mortgaged or to the so~vency or insolvency of said MORTGAGOR or. the defendants, and that such rems, profits, income, issues a~d revenues shall be applied by such Receivcr accord~ng to the lien or equity ot said MORTGAGEE and the practice of such Co~rt. _ _ 8. To dvly, promptly and fully pertorm, discharge, execute, effect, complete, comply w~th and abide by each and every the stipulations, agrcements, conditions and covenants in uid promissory note and this mortgage ut forth. 9. That in the event the ownership of the mortgaged premises, o~ any part thereof, becomes vested in a person other than the MORTGAGOR, the A10RTGAGfE, its successws and assigns, may, without rwtice to the MORTGAOR, deal with such successw or sufcess« in inlerest with reference to this mortgage and the debl hereuy secured in the same manner as with Mortgagw without in any way vitia~ing or d~uharging the Mortgagors' iiability here- under or upon the debt hereby secured. No sale of the premises hereby mortgaged and no forbearance on the part of the /~10RTGAGEE or its successws or assigns and no eatension of the time fw the payment of the drbt hereby secured given by the MORTGAGEE or its successors w assigns, ahall operate ro retease, d~scharge, modify change w affeet the orig~nal liability of the 1NORTGAGOR here~n, either in whole or in part. 10. It is specifical~y agreed that time is of the essence of this contract and that no waiver of any obligation hereunder or of the oblgat'an sr cvred hereby shall at any time rhereafter be held to be a waiver of the terms hereof or of the instrument setured herby. 11. In add;tion to tha iorego ~zg monthfy payments of princ pal and interest required by the promissory note secured hereby, mortgagor covenants and agrees to pay to mortgaqee v~ith each monthly pay.neM an add~iionat sum est~mared by mortgagee to be eq~al to 1 j 12 of the annual cost of the foltow- ~ng: A-All real property taxes levied w ass~ssed agai~st the above descrihed real estate. B-Premiums on fire and wi~dsrorm insurar.ce as herein requ;red to be carried on the improveme~ts s~tuate on the above described premises_ C-Prem~ums on such mortgage guaranty insurar~ce as mortgagee shall from t~me to time deem fit to carry on the loan secured hereby. i Mortgagee shall fiom time to time notify mortgagor ~n writing of the amount due and payable hereunder a~d such sum shaf~ thereupon be due and I ;.ayable on the due date of the next month:y payment and each successive month thereafter until mortgagee ahall notify mortgagor of a cnange in such a~:ount. Such s~ms sha:l be applied by mortgagee toward the payment of real property taxes, insurance prem:ums, a~~d mwtgage guaranty insurance ~ p•emiums. IN WITNESS WHEREOf, the said MORTGAGOR has hereunto set his hand and seal the day and year first aioresaid. ~ Signed, Sealed and defivered ' the presence of: . - ~ / $!an i ~ _ / B. =u er _ cs~an ' ~ _ ~~an i ita Gautier ,~ai~ ~ - ~ 57ATE OF FLORIDA S? . UJCIE couNn oF ~ ~ ~ ~ Before me personally appeared Jerry ~,t Gaut~@= and ~ Rita Gaut ier his wiie, to me well known and krawn to me to be ~ the individuals destribed in and who executed the foregoing instrurrKnt, snd acknowledged before me that they executed the same for tFx purposes ~ thereio expressed. And the said Rita Gautier ~ ~ wife of the said JQ==y B~ Gaut~Ql' upon a separate and privats ' ~ examination by me taken separate and apart from her said husband, acknowledged to and before me that she executed said irtstrument freely and votuo- ~ rar;ly and Mnlhovt any compuls'an, constraint, apprehension, w fear of or from her said husband. ~ tx' - ~ WITf~=pjjti~~ and official seal this „t~~ day of August q, p. 19 73 s ,1~~ ~ _ , G ~ - - •J Notary Public in a~d for t ate of Fbrida at Large : ` . v V 'r. My Commission expires: ; ~ , ~ ~ ~_~~lt1f~~ 1 ' ~ E firs} Fedet°~s~i i; ~o~ssociation i <; F~"~7~~ P• " ~t~ry tvbGc. S~ote of Ho~da a1 lory~ ~ ~ ~~P~~~~; 1`C?'a Mr Commiss:on Expr~s Oet. SO. 1l76 : . F~_~ 'i~••~~•~~''~-~' b~ded b/ Amencan Fire L Ca~valty Co• x;'=,- . ~ i .f = , ri~eo ~?~o ~ECOaoEo e r. ~ : / ~i\1 ~ . ~y f~~~~~4'14trument Prepared By J. Hal Roberts~ Jr. ft.L~WE COUNTY iLA. l , First Federal`Savings & Loan Association ROCER a017R~S ; ~f CIERK CIRGUIT COURT ; of Fort Pierce , Flozida Rcr,pR~ YERiFiED y Checked By ~ AUG Z~ 8 39 AM'73 ' ~ ~ _ _ ~ 26254~ : r eoox ~18 ~acE 2Q8 ; ; ~ . ~ , ~ - - ~ _ ~ , ~ _ ~z . _ ~LA