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Home My WebLink About2886 ~i 3. To place a~d com~~uovily keep on the bvi':t~~~gs nuN or hnrra(ter situate on sald land and on aU equip~neN and persona~~y cove~ed L1 ~T~~s ~~•u+tg ~gs, wi~h all premium~ thrreon pa~d in lull, fire ins~rance ~o thr usual standa~d poGCy fo+m, in a wm approved by ~hz MOR~GAGfE, and wr~dstorm insuran~e in the usual standard pot.ty forrn, in a suem approved by the MORiGAGEE, in ~uch tompany or tompanrts a~ the MORi(~AvEE may direct; and aN (~re and w~odstorm mswance policirs on any of said b~ild~ngs, any intarest therein or part thereof, in the aggrcga~e wm aforesald w In exce~s lhereof, shaU co~~ain ~he uwal iunJa~d mort9agae clauie o~ such o~he~ clauie as 1he Mortgagee may requ~r~, moking 1hr ioss under s~~d polF eies, each and zvery, payabie ro sa,d A10RiGAGff as ~ts ioteresr may appear, ind each and every ~uch. poi~c~ ahall be promptiy ass y~~ed and detivered ~o +ny held by seid MORiGAGEE as fu~the~ security ro said mortgage debt, and, not less than ~en (10) days in ad.an;e of ~he exp~rat~on of each po~~cy, to de- liver to ~aid MORTGAGEE a renewal thereot, logether with • rece~pl for the premium o( suth renewal; and thero shal! be ~w i;re or w;ndstonn inaurance pfaced on any ol sa~d be,iid~ngs, any intcrest there~n w psrt thereof, ~ntess in ~he (orm and wi~h the loss payable as aloresaid: and in the e+ent any sum of money becomcs payable under such poliq o~ polkies said MORtGAGEE shall have the op~~on to ~ece~ve and apyly the surne on acco~nt ot tht ind~•ur~d- oess secured hereby w to permit »~d MORTGAGORS ro recrive and we it w any par? th:•;eo1 lo. o:n.~ pury oars, .~nho.,t rh~~.:,; .vc•:~:~ cr •~.p~~r- ing any zquity, lien o~ right ~nder or by vlrwe of ~h~s mo:'gage; a~d in the evem ia~d MORTGAGORS shall !or any reason iml to kcep ~he ~a~d pre~n~s_s so insured, or fail to deliver prwnptly any of said pol~ties of insurarce to sa:d MORTGAGEE, or F~~1 prun:ptly to pay fvlly any prenuwn then:for Or in a~~y ro~pec? fail to perform, d~scharge, execute, e(fect, canptete, cwnply with and ab~de by th~s cover,ant, o~ any pert hareoi, sa~d MGRiG:aGEE may p~ace a~o pay fa such inaurqnce or any pm~ Ihereof w~fhout waiv~ng or aNecting any option, ~ien, equ~ty, or nght ~nder or b~ virtue of thfs Mo~rgega, and rhe fult amount ol each and every such paymznt aha!! be immedialely d~e and peyable and shall bear i~terrst from the date thereof ~nril po~d at ihe rate o1 " nine per centum per annum and to3e~hrr wnh such i~verest shail be sewred by the lien o~ this mor~gage. 1. To permit, commit or suffer no waste, impairment a deterioration of said property w any part thereof. 5. To pby all and singular the coits, chargea and eapenses, including a reasonable atiwney i fee and cos+s o( abst.acrs of t~tte, incur.ed o? paid at any time by said MORTGAGEE, because ot in the event of the fa~lure on the pa~t of the said MORTGAGOR te duly, prompHy and fully perfo~m, d~xharge, execute, effect, tomplete, comply w~lh and ab:de by each and every tho stipulat~au, agreements, conditions, and covenants oi ~a~d promissory note and thii mortga9e any or ei~her, and sa;d coats, chargeo and expenses, each and every, shal! be immed~ately due and payab:e; whether or not there be ~o~~ce d~ mand, attempt ~o collect o? suit pend~ng; and the full amounl of eacA and e~ery such payment shal{ bear interest }rom ~he dare lhereot until pa~d al the rate o~ ~ine per centum F,~;r an~iu:»; an~+ ai~ said costs, cha~ges and expenses incurred or pa~d, together w+th w<h inre~esr, shaN be secwed by fhe lien oi th,i mortgage• 6_ TF~aI (a) in the event of a~y breach of this Mongage o? defavlt o~ the part oE the MORTGAGOR, or (b) in the event any of sa:d sums of money iu~ein reFerred to be ~ot pro~nptly and fully paid within th~rty (30) days nexl after the same severa(ly become due and payable, wirhout demand or noiice, or (c) in the event each artd every the sfipu':ations, agreemems, condifions and covenants of ta:d promissory note and th:s mor~gage any or either are not ~uly, promptly and fulty performed, d~scharged, executed, effected, completed, complied wnh and aD~ded 5y, then in eaher w a~y such event 1he sa:d ag gregate svm mentioned in aa~d promisswy nete then remaining unpa~d, wirh inte~e~t acuued, and all moneys secured hereby, shatl become due and pay- able (orthw~th, or thereafter, at the opt~on of said MORTGAGEE, as fully and complete~y as if atl of the said sums bf money were or~ginally st~pu:ated ro be pa~d on such day, anything in sa,d prom~ssory note or in thi~ Mortgage to the convary notwithstandu~g; and ~herevpon or ehereafter ar thr o;~uon of said MORiGAGEE, w~rhout not;te or demand, suit at low or in equity, therefore w thereafter begun, may be prosecuted as if all moneys secured hereby had matured pri« to ~~a inst~tutlon. 7. That in the event that at the beginning of w at any time pending any suit upon this Mortgage, or to fweclose it, or to reform it, or to enforce paymenf of any c!aims he~eunder, said MORTGAGEE shall apply to fhe Cow~ having ~urisd.ction thereot for the appomtmem of a Receiver, such Covrt shall forthwith appo~nt a reteiver of sa~d mortgaged prOpe~ty all and singular, includ~ng a!I and singular ft~e income, prof~ts, issues and revenues irom whate~er source derived, each and every of whtch, it be~ng expressly understood, is f~ereby mortgaged ae if spec~fically set fonh and described in the grant~ng and habendum clauses hereof, and such Receiver shall have all the br~ad and effect~ve funa~ons and powers in anywise entrusted by a Court to a Recri~er, a~~d such appointmen~ shalt be made by such Cou~t as an ad~nifted equity and a matter of a6sotute right to sa~d A10RTGAGEE, and wirhout reference to the adequacy w inadequacy_of the value of rhe property mongaged or to the so~vency or ~nso:~ency of sa~d MORiGAGOR or the defendants, and that such renrs, profrts, ~ncome, issues and revenues shall be apptied by such Receiver accord~ng ~o the lien or equity of sa~d MORTGAGEE and the praUice of such Court. 8. io duty, promprfy and fvlly perform, discharge, execute, effett, tomplete, comply with and abide by each and every the stip~iations, agreements, conditions and covrnan~s in sa~d promisso:y note and th~s mortgage set forth. 9. That in the event the owne~ship o4 the mortgaged premises, or any part thereof, becomea vested in a person olher than the MORTGAGOR, th~ MORTGAGEE, its successors and ass~gns, may, without notice to Ihe MORTGArJR, deal wirh such successor or successor in interest w~th re!erence to this morrgage and the debt hereby secured in the same manner as wi~h 1Aortgagor withaut in ar,y way vitiating or d~scharg~ng the ~Aortgagors' liaoi;ity here- under w upon the debt hereby sec~red. No sale o1 tt~e prert,ises hereby mo~tgaged and no forbearance on the part of the f~10R1GAGEf or ita successoss or ass~gns and no exte~sion of the time ior the paymero of the debt he.eby secured given by Ihe MORTGAGEE or its svccessws or ass:gns, al-~all operate to release, d~scharge, mod~fy change or affect the orig~nal I;abiGty ot the MORTGAGOQ herein, either in whole or io part. 10. It is spec~~ically agreed that time is of the essence of this contract and that ~o waiver of any obligat~on hereunder or of the obligation se- tvred hereby shall at any time rhereafter be he:d to be a waiver of the terms hereof or of the instrcment secured herby. 11. In additlc~ to th~ fpreqo'nq moNnly paym>MS of prin~'pal and imerest required by the promissory no!e SeNSed hereby, mortgagot covenanfs and agrees to pay ro mortgagee v.ith each month!y payr,•.ent an add~rional wm esf~ma:ed by mortgagee to be eq~al to 1; 12 of the annual cost of tF~e fotiow- 'ng: A-Afl real property taxrs lev~ed or assessed agai~st the above describcd real estate. B-Pranv~ms on f~r~ and w~r.ds~orm ;ns~rar~e as here~n requ~red ro b> carr~ed on the improveme~ts sltvate on the above d=scribed pzemises. C-Pre~r,i~ms on such mortgage guarar.ty insurar:ce as mortgagee shatl fro~r t:me ~o time dcem fit to carry on the Ioan secured fiereby. Mortgagee shail from t~me to t~me notify mortgagor in writ~ng of the arnou~t due and payable hereundar and such sun: shail thereu;wn be due and payable on the due oare of the n~xt n:omh:y payment and each successive monrh thereafrer ur,til mortgagee shall not~fy mortgagor of a change in such amo~nt. Such sums sFai~ be app~ied by .mortgagee roward the payment of rea~ property taxes, insurance prem:ums, and mortgage guaranty insurance premiums. , IN Y1tTNE5S Y:NERcOF, the sa~d MORTGAGOR has hereunto set his hand and seal the day and yeaT first aforesaid. - $igned, $ealed an de{ivered in the presence of: ` ~ ' ~ ~ ~ ~~,~.i. ~ ~l,~ ~ll. C (See4 / _ , ~ 15ea1) . i ~f-[~'l'~'' Ij~~ ~'~st "L"~' ~~Seal) - / G. _(Seal) SiATE Of FLORIDA ~ cour,nr oF 5T . LUC IE 1 Before me personally appeared RO~lXt C. l,el iedal and ~ Dorothy H. Leljedal ~ - his wife, to me weH k~wn and•I~oy~rri•~o rt+e to be ( the individua(s descri6ed in and who executed the foregoinq instrvment, end ackrawledged before me that Ihey exesUted tiio-same 'Eo~, tlle purposes Iherein expressed. And the said Dorothy H. l..Ql~e(~l ' wife of the ~aid • ~ ROb6lt C I.61 edal ~ seEiar~te and prcvate exam~nat~on by me taken separate and apart fram her said husband, acknowtedged to and before me that she exeurteil saitl ~nstrumr~!`{r9etp and volun- tarily and w~thput any computsion, constrair.t, apprehen~s~~o~n,1 o~r fear of or from he~ said husband. • L: ~ v~ ~ ~ November ' - ~ ~ 73 i~ WITNf55 my hand and offic;al seal this_. 1'~11~ day of p. D. 19 ~ 1 j Notary Public in and for t Siate of Fbrida at large ~ My Comm~ssion expirppT ppg~C~ $~ATE Ot FLORIDA ~t LARCE I Re~um To: I~iY COlIl1QISSION EXPlRES SE!'i. 25. 1975 ~ First Federo) Savings 8 loan Associat~on , i ' ~ AII1if~C811 ~kP.lS IpSU/311C6 ~0. Of fort P~e~ce. Fort Pic'r,e, florid~ ~ FILEO AND RECORDEO ST.1,1?CIE CQU1itY FU, ~ ROCER POITRAS • This Instrument Prepared ByRobert A. Swisher, Jr . CLERK CIRCUIt COURT ~ ~ First Federal Savings 8~ toan Association REC4RC V£R~FlED-~..~.~.1 ' o Fort Pierce ~ Florida I~ 1~ S 49 AI'~'T3 Checked By' 'n 2G8581 BOOK~~?V PAGE~~82 . ~ _ ; v - _ . x . ~