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Home My WebLink About2207 9. To place and co~tinuou:lV keep on ~he bui'dings now w hereat~e~ ~iruate on sa~d Isnd and on slt cquipment snd personaily covered by this mor~g- sgs, with al) premiums Ihercon pa~d in full, f~re insurence in the usual standard po~icy form, i~ a sum approvtd by the MORiGAGEE, a~d winds~o~m tniuru?ce in the usuat s~andard pol;cy fam, i~ a sum appro~ed by tM MORTGAGfE, in such company or comp~nies ~s the MORTGAGfE may directJ and all (ir~ and windstorm iniuranse policiet on any of iaid buildings, any intereat therein or part Ihereo(, in Ihe aggrega~e ~um atoresaid w in eaceu Ihcreof, shall coroain the usual s~a~,dard mor~gagee clause o~ such oiher clauss +s the Mwtgagee n:~y ~equhe, makin~ ~he loss under sa~d polF cies, euh and every, payabte to ssid MORTGAGEE as its interest may appcsr, a:~ eacA and eve~y s~ch policy ~hall be promp~ly ass.g~ed and de?ive~ed to any held by said MORTGAGEE ~s furthe? seturity 1o uid mortgage debt, a~d, not less than ?en (10) days in advance of ~he expiration of each policy, to da liver to wed MORTGACaEE a renewal thereof, together with a reteipl for the premivm of such renewal; and ~hers shall be no fire o~ w~ndstonn insurante placed on ~ny oi iaid buildingi, •ny imerest there;n w pa~t thereof, un~eu in the fwm and with tM lou payablc as eforesaid; and in the event any sum ~ of mor~ey becomei payable vnder suth polity or policies said MORTGAGEE shall Mve the option to receive and apply the same on accoum ot Ihe indebted~ ~ neu secured hereby w to permit said MORTGAGORS ro?eceive and use N ot any part thereof fo~ otnet purposrs, ~vltho~t th_~~u~ wai~ing or ~n,pa~r- i ing any equ~y, lien or right under or by virtue of this mo:tgage; and in ~he eveM ia~d MORTGAGORS shall for a~y reason tail to keep the sald premisrs so ; insu~ed, w fail b deliver prornptly any of said policies of insurance ~o sa~d NtORTGAGEE, or fa~l promptly to pay fully any premium ~herefor o~ i~ any : respett fail to pe~(wm, discharge, e:ecute, efte!t, complete, tomply wi~h snd ~bids by this tove~anl, a any parl hereof, sa~d MGRTGAGEE may piate anc ; pay fa such insurance or any part thereof without waivirg o~ afiectiry any optio~, lien, equity, w right under w by virtue of this. Mortgaye, and the ; tu~l ~movnt of each and every such paymertt shall be immediataly due and payable and shail bear interest from the date the:eof until paid at the rate ol ? n~ne per centum per an~um and together with auch interest shall be secured by the lien of this mortgage. - 1. To permit, tommb or suffer no waste, impairment ot deterioretion of said property w any pa?t thereof. S. To pay all and singula? the costs, chargei and expenses, including a reasonable altwney's fee and costs of abstracts of t~tle, incurred o~ paid at any time by ssid MORTGAGfE, because or i~ the event of Ihe failure on the part of Ihe said MORTGAGOR to duiy, promptly a~d fully pe~form, dischsrge, execute, effed, comptete, comply wiih and ab:de by each and every the ~tipulat~ons, sgreements, conditions, and ca:.: ~r•~ of iaid promissory note and thi~ mortgage any a eithe?, and said costs, charges and expenses, exh a~d ave~y, shall be immediately due and payable; whether w not there be no~ice de mand, attempt to collM w suit pending; and ~he full artavnt of each and every such payment shall bea. interest from the date thereof until paid st the ~a~e of nine per centum per amwm; and sll said costs, charges and expenses iocurred or paid, logether w~th such interest, ahall be secureo by the lizn of this mortgagt. 6. That (a) in the event of any breach of thia Mortgage or default on the part of the MORTGAGOR, w(b) i~ the event any of said sums of money herein referred to be not promptly and fully paid within thirty (30) days nex~ af~er the same xverally become due and payable, without dcmand or notice, or (c) in the event each and every the stiputations, ag~eemenfs, wnd~rions and covenams oi sa;d promiuory oote and th~s mortgage any or either a~e no~ ~uTy, piomptiy -and Fulry" performed, dGsthbrged, execufed; eiiecTed, comptefed, compTied wttfi and-ab~ded hy, thE~? i~s ~~tt~er a7-anP socfi evenrthe said ag , gregate sum memioned in said promissory note then remainiog unpaid, with intertst accrued, and ati moneys ucured hereby, sfiatt becortfe due arx! pay~ ab:e forthwith, or thereafter, at the option of said MORTGAGEE, as fully and completely as if a~l of the said svms of money were ong~nslly st~putated ~ to be paid on suth day, anything in said pcomisswy ~ote or in this Mwtgage fo the tontrary notwi~hstanding; and thereupon or thereafter at the option of ~ sa;d MORTGAGEE, without nonce or demand, suit at law or in equity, therefwe w thereafter begun, may be prosecuted as if all mo~eys secured.hereby S nad matured pr~ot Io ~ts institution_ ~ 7. That in the event that at the beginning of or at any time pendi~g any suit upon this Mortgage, or to faeclou it, or to reform it, or to enforce ~ payment of any claims he+eu~der, said MORTGAGEE shatl apply to the Court having ~urisdiction thereof fa the appointment of a Receiver, such Court shall ~ fe~thwith appoint a receiver oF sa~d mortgaged property all and singular, includ~ng all and singular tt~e income, prol~ts, issues and revenues irom whatever i seurce derived, each and every of wh~ch, it be~ng expressly unde~srood, is hereby mortgaged as if ipeufically set forth and dewibed in the granring a~d habendum clauses hereof, and such Receiver shalt have all the broad a~d effect~ve funct~ons and powers in anyw~se entrusted by a Court to a Receiv~r, and s.;ch appointment shall be made by such Court as an admitted equity and a matter of absolute rigM to said MORTGAGEE, and withouf reference to the edequacy w inadequacy o~ the value of the property mortgaged or to the soivency or insolvency o1 said MORTGAGOR w the defendanri, and that such ren+s, profits, income, issues and revenues shall be applied by such Receiver accord~ng to the lien w equity of said MORTGAGEE and the practice of such CouA. 8. To duly, p~omptly and fully perform, discharge, execute, effect, complete, comply with and abide by each and every the stipulations, agreemems, conditions and covcnants in sa~d promissory note and this mortgage set fwth. 9. That in the event the ownersh~p of the mortgaged p~em~ses, w any part thereof, becomes vested in a person othe? than the MORTGAGOR, 11~e = h'.ORTGAGEE, its successors and assigns, may, without notice to the MORIGAOR, deal with such succeuw w successor in interest with reference fo this morrgage and the debt hereby secured in the same manner as with Mortgagor w~thout in any way vitiating or discharging the /~Awtgagors' liability he~r under or upon the debt hereby secured. No w1e of the premises hereby mortgaged and no fo~bearance on the pan oi the MORTGAGEE or its successors or a:signs and no extension of the time for the payment of the deb~ hereby secured g~ven by the MORTGAGEE or its successors or ass;gns, ahail operate to release, dixharge, modify change a affect the original liability of the MORTGAGOR herein, eitF~er in whole or in part. 10. It is specifically agreed that time is of the essence of this contract and that no waiver of any obligation hereunder or of the obligaYwn st c~red hereby sfialf at any time thrreaiter be held :c br a waiver o( the terms hereof or of the instrument secured F~erby. 11. In add:tio~ to the forego:ng monthiy payments of princ'pal and interest requ;red by the promissory note sec~red hrreby, mortgagor covenants and agrees to pay to mortgagee with each monthiy payrr.erit an addi+ional sum es!~n:ated by mongagee ?o be equa~ to 1,.' 12 of the annual cost of the follow- ~ng. A-All real property ~axes levied or asses:ed agai~st the above described «al estate. B-Premiums on fire and wind:torm insurar.ce as herein ~equ:red to be carried on the improvements situate on the above described premises. C-Premiums on such mortgage guaranty insurar,ce as m~~cyay^~i sF.a!! f:c.^: t::ne to time deem fit to carry on the loan secured hereby. Mortgagee sfiail lrom time to time not+fy mortgagor in writ~ng of the amount dve and payable hereunder and such sum shal~ thereupon be due and ~ayable on the due date of the next monthiy payment and each successive month thereafter ur.til mortgagee shall notify mortgagor of n change in such =_~^ounT. Such sums shall be appfied by morigagee toward the payment of real property taxes, insurance pren~~~ms, end mortgage g~aranty insurance i premiums. - . ; t1v -YlII~iESS 1t1HEREOF, tha uid- MORTGAGOR has hereunto-sat-his-hand and scal the day and year f'ust aforesaid. - j , ,,,Slgnetl~:f~{~Is~ ' delivered in the presence of: I NOI^'~S R1r E Ii~. ~ ~ flLEO A?:^ RECQRDE~ ' ~ _ LUCIE C~UMTY F6A. BY~ lllias der o, Pres de~~n ~ ~ 1 ~ RO.,E= ~'.,:tRAS - : ~ • IEF.K ~ J?T COURT ATTBST: ~ ~ t~aq + ~ - - ~"E~'~ Verna L.. Anderson, Secretar _ - - y~aq ~ , 7 s~+ $EP d y 4~ Af1 1~ ; , y = • 3iO~ : ~ ~ ~ ~ ~ t 263892 : r ' - ~ S1YA?~ Q(~~R1aA COUNTY OF ST. LUCIE ~ ~ ~ ~ 1 th Se tember , 1 N~f~EBY CERTIFY, That on this day of p , q, p, ~q 73 , ~ ~ Williaa A. Anderson Verna L. Anderson ' before me personally appeared and . .;c,= ~`c ~ respectively President and Secretary , of ~ phBR ICAN H~l?ES & MORI~C~AiGE, I NC. ~ a F 1 or i da '-~':3.' ~ ' to me ~ ~ ~{N ~ ~ ; t. ~ know~ to be the persons described in and who executed the foregoing instrument and se ~~1b1~~~aec~ exe- cution~h~t~~iQ h~__iheiL_fr~._azLancLdesd as such~ffi~s_fnLthe p ~ `c~~~~ ~ ~ ; ~ ~ ; s • r: affixed thereto the official seal of said corporation, a said instrument is the atF a`Rc~ ~~~s9ie6 ' tion. .t~' t ~ 1 p'~ .:r- t= _ WITNESS my hand and official seal at Fort Pierce , s d coun ~St~~. ~ y This instrument prepared by s Gary R. Bllwood, Loan Officer ~ ~Y,`~ ~ ~ First Fedezal Savings and Loan Notary Public, in and for State and ~nty~aforesaid. ~ Associat ion of Fort Pierce, Fla. ~[ARY PUBLIC. STATE of FLORIDA ~t WtC~ 3 ~ My Commission Expi ~MMtSS10N El(PIRES 1AN. 7, Ig)7 ~ ~ Ba~dtd By Amencan Bankers Insura~ce Co: 3 ~ ~ ~ z - - ~ Checked By ~ ~ i~ R ; ~ 800K FqGE~~ = - ~ ~ - - ~ ~ ~ x~:~~~.~: _ _ _ . ~ ~ _