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Home My WebLink About0726 9. To place and continuously keep w+ the bu~!dings now or hereaftar ~ituate on sa~d land and on all eq~ipment a~d persona~~y covered by ~his ma~g- age, with all ptemiuma ~heieon pa~d in full, fire iniurance ~n the usual siandard poficy form, in a sum approved by the MORiGAGEE, anJ w~ndsto~m ~nwroace in the usual •tandard pol~cy form, in a sum approved by ihe MORTGAGEE, fuch company or compan~es as ~he MORTGAGEE may direct; and aU (ire and w~ndstorm ins~ra~+te policies on any of said buildings, any interest thtrein o? part thercwl, in IF~e sg9regate sum eforesaid or in eices~ thereof, ihall contain the usual s~andard mw~gagee clauae w such other dsuse as the Mortgagee may requ~re, making the ~oss ~~~der sa~d po~i- ues, each ~nd every, payab~e ro said MORTGAGEE as ~ts i~~eres~ may appear. ~nd each and every suth policy shall be promptiY +ss ~~rd a~~d dr:~+~red to any held by said MORiGAGEE as further security to said mortgage oebf, and, not Icss than ten (10) days in advance of tha cxp~~ation ol each poGty, to de- Gver ?o said MORTGAGEE a renewal thereof, together with a rece~pt fw ~he p.em~um oi such renewal; and ihere shafl be no Gre or wi~~ds~am inwrance placed on ~ny o( said buildings, any inte~est thrrein a part thereof, unleu i~ the form a~d wiih the loss payable as afwesaid; and in the evenl any sum of money_becomes payable ~ndQr wch poficy or policies said MORTGAGEE ~hall have the optlon to recei~e and apply the same on account of the ir~deotcd- ness sec~red hereby or ro permil said MORTGAGORS to receive and use it a any par~ thereof fo~ otner µrF~osrt, .•.~~h;~t thar.ui w~i~:~3 a~ ~~~~p-~'- ing any equity, lien or ~~9ht under w by virtve of this mor!gage; and in the evem tiaid MORTGAGOR$ shall fo~ any reason fail to ktep the said p~rmis:s so insured, or fail fo deliver promptly any of said pol~ties of insurance to said MORTGAGEE, o~ fail p:omptly lo pay fuily any pre~nwm iherefor a in a~y •...+.c+ (a~l tp esr(or~ d:scharae. e:ecute. elfett, tomolata, oompty with and abide by this covenaN, or any pait hereof, said MGRiGAGEE may p~ace a~~d pay fa such infurancs or any part thereof wi~Aout waiving or affectiny any opfioo, lien, equity, or nght unde~ or oy vut~e oi ii.ii ~.iw~yvy~, ...u ~E:t fult amouro of each a~d every such paymem shall be immediately due a~d payable and shall bear imeresl from the date tne~eof uniil paid at the rate o1 n~ne per te~tum per ann~~n and togeiher with such inte~est shaU tx srcured by the lien of this mortgage. 1. To permit, commit or suHer no wasfe, impairment w detarioration of said p~opery w any part thereof. 5. To pay slt and singula~ the costs, charges and expenses, includi~g a reasonabte attwney's fee and coats of abst~acts of title, incurred or pa~d at any time by said MORSGAGfE, because or in the event of ~he fa~lure on the part of the aa~d MORTGAGOR to duly, p~omptly and fully perfam, d~xharge. >xecute, effec6 comptete, comply w~th and ab.de by each and_ every the sttpulat~ons, agreements, conditions, snd covenants of sa~d prom~ssory note and ~h~~ mongage any or eithe~, and said costs, cha~ges and expenses, cach and every, shall be immediately due and payable; whether w ~ot there be notice d~ mand, at~empf to colletT a suit pend~ng; and the full amount o( each and every suth payment fhall bear interes~ from the da~e Ihereof unril paid at the r.,~e o~ ~ine per centum per an~~urn; and afl sa~d costs, charges and expenses i~curred or paid, togelher with such interest, shall be secured by the i~en of this martgage. 6. That (a) in the event of any breach of this Mortgage or default on the part of tlx MORTGAGOR, a~b) in the event any of satd sums of money herein refe~red to be not promptly and iully paid within thirty (30) days nexl after the same severally become due and payable, without demand or not~ce, or (c) in the evenl each and every the stipu:ations, agreements, conditions and tovenants of sa d promissorY note and th~s mo~tgage any or e~~her are ~ot ~uly, promptly and fully pe~formed, d~scharged. ezecuted, efiected, completed, cwnpiied with and ab~drd Sy, ehen in e:ther or any such evenl ~he sa~d ag gregate sum mentioned in said p~omiseory rqte then remaining unpaid, with interest accrued, and afi moneya secured hereby, shall become due and pay ab!e forthwith, or thereafter, at the option ol said MORTGAGEE, as fully and comple~ely as ii all of the said sums of mo~ey were a~ginatly st~pu:a~ed to be p+~id on such day, anything in sa:d pro:nisswy note or in this Mortgage to ~he con?rary notwithstand~ng; and therevpo~ o~ thereafter at the opnon of sn:d MORTGAGEE, w~thout oot~ce or demand, suit at law w in equity, tfieretore or thereaher beyun, may be p~osecured as if all moneys secured beroby nad matured pnw fo its i~stitution. _ ~ 7. That in the event ?hat at the begi~ning of or at any time pending any su~t upon this Mortgage, o~ to foreclose it, or to refo~m it, or to enforce t payment of any claims hereunder, said lNORTGAGEE shall apply to the Court havirg jurisd~ction thereof for the appo~ntment of a Receiver, such Court shail fcrthwith appoint a receiver of aaid mortgaged property atl and singular, includmg atl and sing~~ar the income, p~o(~ts, issues and revenves from whatever so~rce de~ived, each a~d every of wh~ch, it being express~y understood, is hereby mortgaged as i( spec.~icaily set forth and descr~ixd in the g~anting a~d habendum clauses hereof, and such Receiver ihall have atl the b~oad and effecnve funct~ons and powers in anyw~se entrusfed by a Covrt to a Recniver, and s..ch appointment shalt be made by svch Courl as an admitted equity and a rratte? of abiolute righr to said MORTGAGEE, and without refe~e~ce to the edequacy or inadequacy of the value of the property mortgaged or to the so~vency or insotvency of said MORiGAGOR or the defe+~dants, a~d that such re~~s, pro(its, income, issues and revenues shall be applied by such Receiver according to the tien or equity of said MORTGAGfE and thr practice of such ; Court. 8. To duly, promptly and fully perform, discnarge, execute, effect, complete, comply with and abide by each and every the stiputations, agreements, y i conditions and covenants in sa~d prornissory note and this mortgaye set tath_ ' 9. ihat in the event the ownenhip of the rtwrtgaged premises, or any part thereof, becomes vested in a person other tha~ fhe MORTGAGOR, the ` 610RiGAGEE, its successors and assigns, may, without notice to the htORiGAOR, deal wiih such successor or successor in interest with reference to this mo~tgage and the debt hertby secured in the same manner as with Mortgagor without in a~y way vitiating or d~xharging the Mortgagors' liability here- i under w upon the debt hereby secured. No sale of the Fremises hereby mortgaged and no forbearance on the part of the /dORTGAGEE w its s~tcessors ; or assigns and no ex~ension ot the t~me tor the paymem ot the debt hereny secure~ g~~en by dx i+~~kiv:+~"t~ o~ ~~s su«easu~s w ess:y:.s, s:.et. .,r.c.~:o to release, discharge, rtrodify change w affect the original liab~l~ty of the MORTGAGOR Furein, either in whole or in part. 10. It is speuficaliy agreed that time is of the essence of this contract and that na waiver of any ob<igat~on hereunder or of the obligaYan se- cured hereby shatl at any time Ihereafier be he!d to be s waiver of the terms Aereof or of the instrumeM secured herby. 11. In add~tio~ to the forego'ng monthly payments of princ'pal and interest requ~red by the prom~ssory no!e secured hereby, morrgagor covenants and agreen to pay to mortgagee nith each mon~h!y payrnem an add~iional sum estimated by mortgagee to be equal to 1~"12 of the annual tost of the follow- ~ng: A-All real property ta,crs levied er asseszed against the above describcd real estata B--Premiums on fire and windstorm insurar.ce as he~e~n requ;red to be carrird on the improveme~ts situate on the above desc:~bed premises. C-Premiums on such mwtgage guaronsy ir.su:a~~ce as mongagee shall from t~me to time deem fit to cqrry o~ the loan secured hercby. i Mo:tgagee shall from time to t~me norify mortyagor in writing of the amount due and payable hereunder and s~ch surn shall there~pon be due and j rarable on the due dare of the next monihly payment and each svccess~ve mon~h thereatter uctil mortgagee sha11 not;fy morrgagor of a change in such ~ a~.o~nt. Such sums shall be applied by mortgagee tov,ard the payment of reai property taxes, insurance prem:ums, and mortgage guarenty insurance ; premiums. ~ IN WITNESS tiVHE OF, t e said MORiGAGOR has hereunto xt his hand and seal the day and year first afo esaid_ ~ ned, Seal d ivered in tho- presente of• f~p ~N~ ~E~Q~Q f~, ~IICIE COUN Y FLA. Seaq ; ~~itness R06Ea ~a~tR~: ,~(~Q~/ obert I. Prob t ~~,i~ t~ ~LER1~ CInCUiT CWAT ~N~/~`-~ (seaq s ' s-~~ -~'~z RE 4R0 ~ER~f1E0~.~....~.- ~ 4~'itness r uez~ e PrObst ~a~~ ti~ 11 9 oi ~N'73 S1AiE OF FLORIDA ~ ~~~~0~ COUNTY OF St. Lucie Before me personally appeared Robert I. Probst and rguer t@ Probst his wife, to me well known and known to me to be the individua(s described in and who executed the foregoi in:trument, and acknowled9ed before me that they exetuted the same for the purposes rhe~ein expressed. Md the said Marguerite P~robst ~ o ert . ro s . r.+fe of the said upon a separate and psiv~te e~amination by me taken separate and apart from her said husband, acknowledged to and before me that she executed said instrumeM freely and votum ~ ra-~4y-and w~thout any campulsion, constraint, apprehens,on, or fear of or from her said husband. ' WITNE55 my hand and offidal seal thlt__ 3l ~ day of OCtObel ~ q. D. 19 73 _ ' _ ~ !j ` N ry Public in a~d for tF?e State of fb~ida st large ~ i Commission expires: ~ Retum To: First Federal Savings a Loan Associat~on ~ Of Fort V.t~ce. q{~~r P081lC. STA?E of /LORIDA tt UR3[ Fort P~e~ce, Horida MY CONMISSiOR D(PIRES NOY. 7, 1976 +aV WMD[D TMRY Y~~}I?RD ~ONDIMO AO[MC? tr .j. ~lrNy•~ 4~'+ ~a~ ~~Y~~^ J. . .~.t'- \ ~ This Instrument Prepared By Ga=y F. Ell~eood _ ~ First Federal Savings & Loan Association ~ Q'f f{ f~'J ' _ ~ of Fort Pierce , Florida = ; ~i~ ~ ' ` _ . ~ ~ Yt : - `to'~ c ' i : c e Checked By , P ~ ~ ' . = ~ 'v ~ : . ~ ~(P`¦ ~•r!~ ~ ~ ~ b~l1 p , ~ ~~C , ,~..i ~+2 ~ « . ~ ~ 4 _ _ _ ~ - .e~. . . . . . . . .i . _ -e ,~a,