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Home My WebLink About2590 3. To p~ace and continuous?y keep on the b~i'd~ngs now or hereafte~ ~~tuele on s~~d land and on aN equipmenr and penonalty coverrd by th~s mong- age, with a!1 prem~um• ehe~eon pa~d ;n fu11, lire ins~ronce in ~he usval standa~d ~reticy iorm, in a sum epprovzd by 1he h1UR~G:.GEE, and v.~ndstorni ~nsuronce in the usua~ s~anda~d pot~cy tor~n, in a sum appio+ed by the MORTGAGEE, in such company or compao~es as the MORTGAGfE may d~recr, and ait tire and windeeorm insuronca pot~c;es on any of ~u~d bu~id~~gs, any in~erest therein or pa~t ~hrreol, i~ the eggrego~e sum ~taesa~d or in exceu thereo(, sAoll ;omein ~he usual standard mongagee clause a such mher clause as ths Mortyagee may reqwrs, making the iosi ~ndrr sa~d poli- c~es, each and every, payab!e to se~d h10RTGAGEE as ~ts iroere~t may appear, and each and every suth po~ety shall be p~omptly ass g~~ed ar,d de:~vercd to any held by seid MORiGAGEE as (urther security to suid mortgage dabt, and, not lesf tha~ ten (10) days in advance of the expiration of each policy, to de- 11ve~ to said MORTGAGEE a renewal thereof, to9e~he~ with a receipt for the premium of such renewal; and there shalt be no f~re ur w+ndsrorm inw~snce placed on a~y of said bvitdings, any interest theian o~ parl thereof, unless in tF+e icrm and with the loss payablQ as afcxesaid; and i~i ~he event any tum ot money becomef payabte under such policy a~ poGcies said MORTGAGEE ahall have the optron to receive and apyly the sarne on acco~nl of ~he indab~rd- ; ness secured hereby or ro permit said MORTGAGOR$ to teteive dnd use it w any part t?~ereof for o:nr~ pu~;•usrs, v.nno~l th;~. u; .v.,i.~ .;r +,~p,,~r• ~ng any equ~ty, lien a r~ght under or by virt~e of this mo:'gage; and in ~he event sald MORTGAGORS shall fo~ any reason }ail to kcep the sa~d prem~ecs so iniured, w fa~l fo delivc~ pro.nplly any o1 Said pol~t~es Gf ~niurante to Said MORIGAGEE, er faif promp:iy to pay f~!:y any premwm therefo~ or in any respect (ait to perfo~m, di:charge, e~ecure, eited, complete, comply with and abide by this covenant, or any part hareuf, sa~d MORiGAGEE may p~ace a~o pay for such insurance o~ a~y part the~eof w~rhout waiving or afiecting any option, lien, equity, or r~ght unde~ or b~ virtue of this Morrgage, and the fu~l amovnt of each and e~e~y wch payment shati be ~mmediately due and payable and shall bear interest trom tho da~e thercwf u~~il pa~d at the rate ol ~ n~ne per cent~m pe~ annum and to~r~hc~ with such inte~c~t shati ~e secured by fhe fien of this mo~tgage. To permit, commit or suffer no waste, impairment or deterioration o( said propeity o~ any part thereof. S. To pay all and singulsr the costs, charges and expenses, including a reasonable a~torney's fer and cos?s of abstracts of title, inturred or pa~d a~ sny time by said MORiGAGfE, because or in rhe event of the failure on the part of the sai~ MORTGAGOR to duly, prompNy and fully parlwm, d~scharge. -xecute, eifect, complete, comply with and ab:de by each a~d eve?y the stipulations, ngreements, cond~tions, and covenants of sa~d p~omissory note and thii mortgage any oa ei~her, and said costs, charges and eape~ses, each and eve~y, shatl be immediately dua and payab:e; whefher w not there be no+ice de i mand, altempt ?o collKt or suit pend~ng; and the full amount of each and every such paymeN shall bea. intercsl from tlx date ~hereof until paid al the F r.ire o; nine per cenwm per annurn; and all said costs, charges and expenses incurred o? paid, together w~th such interest, shail be secured by the l;en of th~s mottgag0. . b. ~hat (a) in the event of any breach of this Mortgage or default on ihe part of ~he MORTGAGOR, or (b) ~n the evenf any of sa:d sums of money k he~ein referred to be not promptly and f~lty paid wi~hin th~rty (30) days next after ~ne same severally become due and payable, withoui demand or notice, or (c) in the evem each and erery the stipulations, agreemen~s, co~d+r~ons and covenants of sa.d p~omissoiy note and th~s mortgage any or e~iher are not ; ~~Sy. promptly and fuUy per(orined, discharged, executed, elfeued, completed, tompt~ed with and abided `~y, then in either or any such event the sa~d ag ~regat~ sum mentioned in said promitsory note then remaining unpdid, w~tA interest atcrued, and ai+ ruo~irys SECUred h_rcby, s!:all be[emn d~+e and pay- ab;e fonhwitb, or ~hereaiter, af fhe op!~oo of said MORTGAGEE, a~ fully and comptetely as if all of the said surs of mooey we~e w~ginat~y sf~puiated to be pa~d on such day, anything in sa.d promissory note or in this Mortgage to the co~traty notwlthstanding; and thersupon or lherealter a1 fhe option of aa~d MORTGAGEE, without not:ce or demand, suit at !aw w in equify, theretore or thereaiter oey~n, u~ay c,~ ~t~x-cu:ed as ef a!! sr.Meys '!?cvreel hereby h~d mawred pnor to its instit~tion. 7. That in the event that at the beginning of or at any time pending any suit upon this Mortgage, or to faeclose it, or to reform if, or to enforca payment of any ciaims hr.eunder, saEd MORTGAGEf shaJl apply to !he Cou~l having ~unsd;ction ~hereof ior the appo~Mment of a Receiver, such Courl shall Fc,:thwith appoint a reteiver of said mortgayed property aIl and sing~lar, includ,ng ail and singu~ar the income, proF~ts, issues and revenues lrom whatever so~rce derived, eech and every of wh~ch, it be;ng expressiy understood, is heie6y mortgaged as if spec~f~~afly set forth and deu.ibed in the granting and ~ l,abendum c.'avses hereof, ar.d such Receiver shall have all the broad and effective tunct,ons and powers in anywise entruated by a Cou~t to a Recr~ver, and s, ch appointment shall be made by such Covrt as an admitted equity and a matter of absolute right to said MORTGAGEE, and wit~nou~ reference to the edequaty or inadequacy of the value oi the property mortgaged or to ihe sotvency or ;nsolvency of said MORiGAGOR or ihe defendants, and tAat s~ch rznn, profits, income, issues and revenues shalt be applied by wch Reca~vet accwdmg to ~he iien or equit~ of said MORTGAGEE and the practice of such } Court. 8. To duty, prompHy and futly per{o~m, discharge, execute, eFfect, complete, comply w~th and abide by each and every the stipulations, agreements, conditions and covenants ~n sa~d prom~ssory ~ote and th~s mo~tgage set forth. 9. That in the event the ownersh~p of the mortgaged prem~ses, or any parl tnereof, 6ecomes vested i~ a person other than the MQRTGAGOR, 1he !:•ORTGAGEf, its successors and ass~gns, may, withou~ notice to the hSORTGAOR, deal witi~ such wccessor or successor in imeresf with reierence to this mortgage and rhe d=ot hereby secured in the same manner as wfth Nlortgagor without in any way vitiating w dncha~ging tht fllortgagors' liability here- under w upon the deot hereby sec~red. No sate of the premises hcreby morlgaged and no farbearance on Ihe pari of the MORTGAGEE w its wccesaors or assigns and no eatension of ihe rime for ~he payment of thc debf hereby secured given by the MORTGAGEE or its successors or asrgns, ahall operate ro retease, d~scharge, mc~dify chanye or affect the orig~~al liab:l:ty of the h1QRIGAGOR herein, either in whole or in part. 10. It is speuf;cal~y agreed that time is of the essence of this contract and that no waiver of any obligat~on hereunder or of the abtigation se- cured hereby shatl at any time rhereafter be he:d to be a waiver of the terms herepf or of tl~e instrumem secured herby. s ) 1. In a3d-rro~ ro the forego ng month!y payments of princ paI and interes~ required by the promissery no!e sec~red hereby, mortgagor cpvenants ' ~1 agrees to pay to matgagee v~ith each month:y pay~:~em an add~~ional sum esr.~r.ated by moregagee to be eq~al to 1 j 12 of the annual cost of the fot(ow- ! A-AI! real properr~ ta,ces lev~ed or asses:ed aa.=i•~sr tho above descr~brd r~°al estate. t B-Prtn.~ums on fire ard wi~,ds:crm insurar,ce as i;ere~n requ:red to be carri~:d on the Improvemeats s~tuate on the ebove d=scribed premises. C-Prem;~ms oi svcn mortgage g~aranty ir.wrar~ce as mortgagee shail ;ro^ t~me to tirne deem {it to tarry on the loan secured hereby. Mortgaoee st:ail frcm time to t~me notify mongagor in writ~ng of the amount due and payabte hereundrr and such sum shall rhereupon be dus arxl .~;abte on the dve oare of ~h> next month'.y paymem and each wccessive month thereafter uctil mortgagee shall noti(y mortgagor of a change in such _•.^unt. 5uch surns shail be appi~ed by martgagee towa.d the paymem of real property taxes, insurante prem~ums, a~~d mortgage g~aranty insurance o•CmfumS. IN VlITNE55 'NHEREOF, the sa~d MORTGAGOR has hereunto set his hand and seal the day and st aforesaid. j Signed, Sealed and detivered in the prese~ce of: ~ i - a : ' ' Kare Larssen, a single adul~a~~ ? ~ - - (Sea1) ` - (Seaq ~ 5 i ATE OF F~WiDAC F1 or ida ~ i ! ~.'~.UNTY OF Dade _ ~ [ ~ ~ Before me perwnally appeared ~Ze i.arssen, a single dd111t ~ ; iR1'VOffe, to me well known and known to me to be t the individual described in and who executed the foregoing instrument, arx! acknowtedged before me that he execufed fhe same fot the purposes rF,erein expressed. Ihid TFIl~al~ " ; ii~ _ . _ . ~ ~~ir~of~he~said `~c}~!?~a'~?F49rtd~~'I,~t~s~s ; _v~canfirta~totr-U~~,'tl~rakerrsepa?ar~and~perieorn~,er-seid~e~band.-eck+?nu~ledged~o~endtiefeie~ne~l+eraheexea+,~er ~ ~e~^'I~ and-vwM~eu* ~~ry~cen~peF~~enr eon»eaiwt~. ~pprei~ew~ivwrsr ~eer a~w-~fiewi ~r~s~ii Jws . "-~s O obex ti' r . _ WITNESS my hand and official seal this-_ day oi ~ ' p,. ~6i~_ rt • ilif/~ ''i,"-r - : Notary Pub~ic in and for 1h~Stala~ ' a aL;~~Tae-" = ; My ~ommission expires: ~ f'' ~ • . . << ; ~ y Reiurn To: ~ ~~y ~^4'• : ' ~G 4~'•-...~;•'~•~:~ti,i~~ E First Federal Savings 3 Loan Association , ~ ~ t~ i Of fcrt P:crce. Ml COh':1.'- ~•-:•~?j g`j ~ Fort P~erce. flcr~da 80NDE0 THkU 3:~' z~aL ~f~~~~~GPUvDERWRITFR _ ' F~~E~ -k:, ~~~c~~~:iED ST. lUC! ~ "vUMTY f~~. This Instrument Prepared By J. H. Robeits, JZ. R~~`-°• ( ' First Federal Savings 8 Loan Association ~ CIEh?. ~+~~~si CC~RT rl of Fort Pierce ~ Flor ida P~"f F" 1= ~+`IE : 4 Checked By qQ~ i~ 9 0o aH'73 4 - BooK zzo P,,~~ z~~s 268348 . , ~i a. '