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Home My WebLink About0351 3. To place and co~tinuously keep on ~ne buildmgs now or 1~ereafter i~tvete on sa~d land and on a~! equ~pment and personaliy covered by this mortg- egs, with •II ptlmiumf ~hcreOn pa~d m 1ut1, 1~re ins~rance in th! usuol S4~xJsrd polity (O~m, in • lum appro~ed by the MORiv%wEE, ond winds~o~m ~niurante in IM u~wl iUndard poGcy (am, in a sum approved by ~he MORTGAGEE, in such con:p~ny o~ compao~ti u ti+e MORIGAGFE may direth ~nd all fir~ and winJsto~m insvrance policies on ~ny oi said bui~d~n~s, any interest there;n or part fhereof, in 1he agyreyate sum ~foresa~d or i~ exceu ~hereoi, inaii cooiain ~ne ucuai sie,.~r:s ::-.:t3s~:*s clause or such other clause as Ihs Moriyeyee may rrqu~rs, maMi~y tne lo~s unJe~ sa~d poti- uea, each and every, p~rable ro 3a~d h\URiGAG£E ai its inrerest may appesr, and ea<h and e~ery yuch pa;cy s~all be prompUy ass g~rd and det~verad to any held by u~d N40R1GAGEE as fuither secur~ty to sa~d mortgage deb~, and, not less than len (10) days in ad~ance of the expira~~oa ol each polfcy, to de- Irver to taid MORTGAGEE a renewal thercof, foge~her with a receipt (ar ~he prem~um of such renewat; and ~hera shall be no f~re or wi+~d~tonn insurancs p?aced en any of said build~ngs, •ny interest there~n or par~ thereof, unless in the (orm a::d w::': ;*ayahle as atoresaid; a~d in the event any sum of ineney becomes payable vnder toch policy w poGcies said MORTGAGEE shall have the option ~o receive and apply the ~ame on accow~l of the inr~rbied- ness secur~d hereby a ro perm~r sa~d b~ORTGAGORS to receive and use it a any ~ri ~?,ereof tar ofher purFOSes, v.~rhout fh,.~uf wai~i.i3 or ,~np~~r- ing aoy eq~~ty, lien o? rght under or by virtue of this mo:tgage; ~nd i~ the evenf taid MORTGAGORS shall tw any reason fail to keep ~he sa~d prem~szs so insured, w lail to dtliver prpmplly any of Said pOlitiea of i~surance to said MORTGAGEE, ot fail prOmptly to pay ful;y any p~e~ni~m fherefor or in any respect fail to perfwm, discha~ge, execute, et(ect, comptete, comply with and ab~de by thiz covenant, a any pan hereoi, said MORTGAGEE may pisce and pay for such insurance o~ any part lhereof without waiving w affacting a~y option, lien, equ~ty, w righf under or by virtue of ~his Mortgage, •nd ~he iuil amount of each and every such payment sha11 be ~mmed~stcly due snd peyable and shall bear interei~ irom tha date thereof until paid a~ the rate ol nine per tentum per annum and togatfh:r wifh such interest shall !~e srcured by the lien of this mortgsge. I. To permit, tommit or suffer no waste, impairment or deterioration of wid p~aperty a any part thereof. 5. To pay al) and singular the costs, charges a~d expenses, including a reasonable altaney's fee and costs of abshacts o! t~tfe, incu::rd o~ paid at any time by said MpRfGAGfE, becavse w in the event oi the fa~lur. m+h. oart of the said MORTGAGpR to duly, prompHy and fu~ly perform, d~xharge. execute, e((ect, tomplete, comply w~th and ab:de by each end every the stip~la~~ona, ag~eements, condi~ions, and covenants oi sa~d promissory note and this mortgage any or ei~her, snd sa~d costs, chargef and e:penses, tach and eve~y, shall be immediately due and payable; whether w not there be notice da mand, atr~vnpt ro colled w suit pend~ng; and the full a~nou~t of each and every such p_;:c:or.! e~~~~ ~+•ar interesi irom ~he dare thereof until paid at the ~ rate of nine pe~ centum per aruwm; and all said costs, charges and expenses ~rxurred w paid, together wnh such inte~~sr, sitiall be secured by the lien of thif matflage.-- - _ _ _ _ - - - _ _ . - - - - . ~ _ 6. That (a) in ?he event of aay breach of thia Altortgaye ow defauTi onihe "p5ri o1 1h8' INORTGAGOR; w tb) i~ ~F~e even~ My-of satd aunu of _money _ . herein te(erred to be not promptly and fully paid within th~rty (30) days next afte~ the sa~~e scveratly beco~ie due and payab!e, without demand or ~otite. or (c) in the evenr eath and every the stipu;ations, agreements, tonditions and covenant~ of u'~d promissory ~ote and th~s mortgage any w ei~her are not iuty, promptly and fully performed, discharged, eaeculed, effeded, completed, complied with and abided by, then i~ e~ther or any such evem the sa~d ag- g~egate sum mentioned in said p~omissory note then remaining unpaid, with inferest accrued, a~d alt moneys secured hereby, shall becane due and pay abie fwthwilh, w ~hereaf~er, at the option of said MORiGAGfE, as fuliy and completely as ii all 01 the said sums of money were w~ginalty snpu:ated to be pa~d on such day, anything in sa~d prom~uwy note or in this Matgage to the cororary norwithstanding; and thereupon or there~fter at ehe opt~on of ~aid MORTGAGEE, wiihout notice w demand, suit at law w in equity, therefwe or the~eaf~er begun, may be proaecuted ai if all moneys secured hereby had matured pnw to ~ts institution. 7. That in the eve~t that at the beginning of w at any time pending any suit upon this Mortgage, w to forectox it, or to retorm it, or to enforce payment of any daims hereunder, said MORTGAGEE shall epp!y to the Cour~ having jurlsdlction Ihereof fw the appo~~tment of s Receiver, such Court shal~ fo~thwith appoint a receiv~r of said mortgaged property atl and singular, includ;ng all and sinqula. the tncome, proi~fs, issues and revenvea from whatever source derived, each and every of wh~ch, it be;ng express+y undefsrood, is nereby morrgaged as if spec~fica!!y set foreh and dexribed in ti~e granting and habendum clauses hereof, and such Receiver sha11 have all the broad and effeuive f~nct~ons ar.d powe~s in anywise entrusted by a Court to a Receiver, and s:,ch appointment shaN be ~nade by suc:~ ~,o~ri as an admitred equ~ry and a matter of absofute right ro said MORTGAGEE, and without reference ro the adequacy or inadequacy oi the value of the property rrwrfgaged or ?o the so:vercy w insolvency of sa~d MORTGAGOR w the defendants, and that such rznrs, profin, income, issues arx! revenues shail be apptied by svcfi Receiver scc«dmg ro the iien o~ equity of said MORiGAGEE nnd the practice of such Court. 8_ To duty, promptly a~ fu!!y perform, d~scharge, execufe, eifect, complete, comply w~th and abide by eacF? and every the stipulations, agreements, conditions and covenann in said promisswy note and this mortgage set fath. 9. That in the event the ownership of the mortgaged premises, or any part thereof, betomes vested in a person other than Ihe MORTGAGOR, the ~ 1lORiGAC'iEE, its succeuors end au~gns, may, wirhout notice to ~he MORTGAOR, dea! w;th such successw w successor ;n interest wiih reference to this mor~gage and the de6t hereby secured in thr aame manner as with 1Jtortgago~ w~thout in a~y way vit~a~ing a d~scharging the Nlwtgagori Iiability herr under w upon the deb~ hereby sec~re~. ko sale of the premises hereby morlgaged and no forbearance on the part of the l~IORTGAGEE or its suctessors o~ auigns and no extension of the t~me fo. the paymenl of the debt hereby securcd given by the MORTGAGEE or its successws w assigns, shall operate ro re~ease, d~xharge, mod~ty change or affeu the orig~nal liauil~ty of the MORTGAGOR herein, either in whole w io part. 10. It is specifically agreed that time is of the esse~ce of this contraU a~d that no waiver of any pbl~gation here~nder or of the obtigatior. sr cured hereby sha!! at any time rhereafrer be held to be a waiver of the terms hereof or of the instrument secured herby. 11. In add~lio~ to the forego'ng month!y payments of princ'pal and interest required by the prom~ssory no!e securzd hereby, mortgagor tovenants and agrees to pay ro mo:tgagee wuh each monthfy payn~e~t an add~~ional sum estimated by mortgagee to be equal ta l;' 12 of the annual cost of the follow- ;ng: A-A!I reat properry :axes )e~ne~ o. assessrd aga~•,st thc above dtsu;b.d real estate. B-Premiums on f~rz and windstorm insurar.ce as here~n requ:red to be carried o~ the improveme~ts sitvate on the above d:scribed premises. C-Premiurr,s on svch mortgage guaranty ir.s~rar,ce as mortgagee shall from t'me ro time deem fit to ca~ry on the loan secured hereby, Mortgagee shai! frcm t~me to t~me nofify mortgagor i~ writing of the amov~t dve and payable hereundar and such sum sl~all thereupon be due and , ayable on the due date of rhe nexl monthly payment and each successive mo~th thereait:r until mort aqee shalt norify rnortgzgw of a change in such a^:oum. $uch sums sFa:i EE aPp!~ed by mortgagee ~oward the payme~it of real prcperty taxes, insur t prem;ums, and mortgage guaranty insurance p~emiums. _ IN WITNES$ tlHER~OF, tF~e said MORTGAGCR has hereurto set his hand and seal the day and ear Iirst a said. ~ Sgned, Sealed and delive~ed in tne prese~ce of: . an - B 1 O17 (Sealj . • ~ ISea~ ~ DOrOth L. DiamOnd ~~a~~ SiATE Oi FLORIOA 1 ~ ST . U)CIB j ~ouNnr oF Before me personally appeared .Jlm B. Q1~mo~[ld a~ Dorothy l.. ?)ia~ond his wife, to me well k~qwo,~~ know~~[1. ~p me to be the individuafs described i~ and who exetuted the foregoing instrument, and acknoviledged befo~e me tiwt they e~ecNed•tl~e. sam9~fE~;'fAe pvrposes rherein expressed. Md the said_ ~OlOtZ1V j.. Diamand ~Y.(~!; ~ ' ~ w~fe of the sa~d Jf~ B. Dlaso[~d : ,r ; ypen.a seRarate~~nd priv~te exam~nation by me taken sepa~ate and apart from her said husband, acknowledged to and before me that she exet1utetl ~ic~ irist?ument freefy=and rolvrr tariiy and wrthout any compulsan, consrrainf, appre ns;ors, or fear of or from her said husband. ' : t ; t- ? WtiNESS my hand and officiaf seal this_ ~dy Q{ Augus~ : ^ ' ~ ~ ~f ' " . ~ D~ '19 ~3 ~ _ ~ , ~ . ~ 'f ' ~J.. ' i Notary Publit in and for'1 tf of flbjjda.~ targe- My Commission expires: I~(~.~'"' r~~ Return To: f'(OTAi:Y PttEClC~ $TR~of FtARIQA 8t LARBE First Federal Savings a loan Association (~tY ~p+~?1:~S~Q,y p(p~gz$ SEPT. 2.a, 1975 Of Fo~r P:e•ce- 6:,ndcd E? .',r^r:r,~ 6;r.kers Ins~rasCe 1:0. Fort P~erce, Florida FI~Ea AND RECORDEO This Instrument Prepared By Robert A. Swishez~ Jt. ST.LUCtEC~ilMTYftA. First Federat Savings 8 Loan Association ROC~R POI7RAS ~ of Fort Pierce , Flotida CIEFt'. CIACUtT COURT RFCCR~? YEF:fFfEJ Checked By~______ Aue 30 9 4z AN'73 Ba~c~B ~ ~51 262621 _ - - _ ~ ~ ~ ~ e~ w.-.._ f ~c~ ~ K~ ..1~. . . ; ~