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Home My WebLink About1668 3. To p~ace and continuo:sly keep on the bu~'.dmgs now or hercafter ~~tuate on sa~d land and on all equ~pmen~ and penona?ly covere.~ by this mong- ege, with ail p~emi~ms thereo~ ya~d in (uil, fue insurenca ~n the usuat sta~~ard poGcy form, in a eum approved by the MORfGAGEE, and v.•inds~or~n inwronce in th~ ~sual s~anda.d Nwl,q fwm, in a ium app~oved by the 610RTGAGEE, in sucA compa~y or to~~p+~~es as ~he MORTGAGEE may dircct; and all fire and windatorm insurance poGcies on any of said build~ngi, any intere~t therein or part thereof, in 1he aggregare tum oForesaid w in sxcess thrreof, shall contain ~he usual itandard morigagae clause w ~uch othr clause at Ihe Matgigee may ~equ~~e, making the loss u~+de~ ta~d po~b c~e~, each and eve~y, payab!e ~o wrd MORIGAGEE as its interes~ may appear, and each and every suc~ po~~cy shsll be promptty au gned and deti~ered ro eny held by sa~d MORfGA3EE ~s iuriher security to sa~d morigage debt, and, not leu than ~en (10) days in adrarxe ot the eap~~ation ol each policy, to da Gver ro sa~d MORiGAGEE a renewal thereof, to9e~her wirh a rece~pt fa thr pre~nium of tuch renewal; a~d there shall be no f~re or windsro~m ins~ronte placed on •ny oi said buildings, any imerest therein o~ part thercof, unless in ~he fo~m ~nd wi~h tM loss payablt at aiaesaid; and in the eYent any sum of money becomts payable under such policy w policies said MORTGAGEE shall Mve ~he ophon to reca+ve.a~~d apply the ume on sccount of the inda6ted nesa secwed hereby a ro permit sa~d MORTGAGORS to receive and use it w any part thereoi fw o~her pwpoees, wnlwut th_nu~ wa~~~.~3 or ~~~~P~~~- ; i~g a~y equ~ty, lien or r~ght under or by vi~we of this mortgage; and N+ ths event sa~d MORTGAGORS shall for ~ny reason fail to keep the sa~d premisrs so i ~nsured, o~ fail to deliver p~omptly sny of sa~d polKies of insurance to sa~d MORTGAGEE, or faii prompfly to pay fully any prem~~m there4p a in a~y respect (ail to pe~fo.m, d~scharge, execute, elfect, complete, comply wiih and ebide by this cove~ant, a any part he~eoi, ss~d MORiGAGEE may piace a~~d pey fw such insurance or any part thereof without waiving or af(ecti~q sny op~ion, lien, equ~ty, or ?~9h~ under o~ by virtue of this Mortgage, and the tull a~nount oi esch and every, tuch payment ahall be immediately dua and payable and shali bear interest irom the date thereof until paid at the rate o1 n~ne per tentum ~ ann~m and to~ether with such interesl shali tx secured by the lien of this mortgage. , 1. To permit, commit or suf(er no waste, impairment or deterioration of said property or any part lhereof. 5. To pay all and singulu the costs, charges and expe~ues, including a reasonable attuney's tee and costs ot abstracts of titls, incurred or paid at any time by sa~d MORTGAG:E, because w in the event of 1he failu.e on the parf of the said MORTGAL'aOR to d~ly, promptly and fully perform, d~xharge, i execute, effect, complete, comply w~th and ab:de by each and every the stipulanons, agreements, cond7tia+s, snd mvenants oi said promiswry note and ihis _ morrgage any or e~~her, and sa~d costs, char9es and expenses, each and evtry, shatl be immediately dve and payabte; whether w not the~e be nor~ce d~ mand, attempt to collect or suit pending; a~d the f~ll smount of each and every such paymcnt shalt bea~ interest from the dafe therrof uNil paid a1 the rate of nine Qer centum pe~ annum; and all said costs, charges and e:prnses i~cuired or paid, together w~th such in:erosf, shall be ucured by the lien of this mortysge. ' b. That (a) in the event of any breach of this Nbrtgage or default on tFr part of the MORTGAGOR, or (b) in the event any of sa:d sums of money ~ herein referred to be ~+ot prompfly and fully patd wiihin th~rty (30) days nex~ after the same severatly become due and payable, without demsnd or notice, s or (c) in tht event each and every the stip~iations, agreements, cond~tions and covenants of sa:d promiisory note and th~s mortgage any o~ e~Iher are not ~ iu!y, p?ompily and fully periormed, d~scharged, execv~ed, eifected, compteted, complied with and ab~ded by, lhen in either w any such evenf the w~d ag gregate sum menfio~ed in said promiszory note the~ remaining unpaid, with interest accrued, and all moneys setured hereby, shall become due and pay- able forthwith, a therea(ter, at the oprion of said MORTGAGEE, as fully and completeiy as ii all of the said sums of monry were aiginslly stipulated . to be paid on such day, anythiog in sa:d promisswy oote a in thi~ Mortgage to the contrary notwi~hstanding; a~d thereupw~ or lhereafter at the op~~on of ~ sald MORTGAGEE, w~thovt notice or demand, suit at ~aw or in equity, therefore or lhereafter begun, may be prosecvted as if all maieys secured 1?zreby n~d maW~ed pnot to ~ts institution. ; 7. That in the evenf that at the beginning of or at any time pendirg any svit upon this Mwtgage, a to fweclose it, or to reform it, or to enforce ~ payment of any claims he~eunder, said MORTGAGEE shall apply to the Cou~t having jur~sdKtion thereoi iw the appointment of a Receive~, suth Court shall ~ iorrhwith appo+nt a receiver of sa~d mortgaged property all and :ingular, includ~ng ali and singular the income, p~of~ts, iasues and revenues from whate~er seurce derived, each and every of wh~ch, it being expressly understood, is hereby mortgaged as if spec~iically set fwth snd deatribed in the granting and ~ habendum tlauses her-of, and such Receiver shall have all the broad and effective funct~ons and powers in anywise entrusted by a Court to a Recaiver, and ~ r_ch appointment shall be made by such Court as an admi~ted equity and a maner of absolute rigk~ ro said MORTGAGEE, and without reference to the edequaq w inadeqvacy of the value ot the prope.ty mwtgaged or to rhe so:vency or ~nsofvency o1 sa~d MORiGAGOR a the defendants, and ~hat such renrs, prafits, income, issues and tevenues shall be applied by such Receiver accord~ng to the lien w equity of said MORTGAGEE and the practice of such Court. 8. To dvly, promptly and fuily perform, d~s:harge, execute, effect, complete, compty w~th and abide by each and every the stipu(ations, agreements, con~itions and tovenants in sa~d promissory nore and this morlyage set forth. 9_ That in the event the ownership of the mortgaged premises, or any parf thereof, becomes vested in a person other than the MORTGAGOR, the ; S'ORTGAGEE, its successors and ass~gns, may, without nonce to the htiORTGtiOR, deal wifh such successor o? successor in interest with reference to this r ertgage and the debt hereby secured in the same manner as with Mo.tgagor wAhout in a~y way vifiating w d~scharging tke Mortgagors' liabitity here- ~nder w upon the debt he~eby sec~red. No sale of the premises hereby mortgaged and no io+bearance on ~Fx part of the MORTGAGEE w its successws or assigns and rw extens~on of the time to~ the payment of the debt hereby secured g~ven by the MORiGAGEE or its successors or assigna, s~wll operate ~o release, d~uharge, modiFy change or affect the oriq~nal liao~f~q of the MORTGAGOR herein, either in whole w in part. 10. It is spec~ticalfy agreed that time is of the essence of this con+ract and that no waiver of any obligat~on hereunder or of the obligation sr ~ cured hereby shall at any time thereafter be he!d to be a waiver of the terms hereof or of the instrument secured herby. 11. In ~ddn:on to the forzgo'ng month!y paymems of princ pa~ and inrerest required by the prom:ssory note secured hereb~, mortgagor covenants a-:d ag~ees to pay to mo~tgager with each monthly payr,:ent an add~~ional sum est~mated by mortgagee to be equal to 1~12 of tne annuat cost of the follow- ~r..~: _ A-All reai property taxes lev~ed er assessed agai•~st tF.c above described real estate. Z B-Prem;ums on f;re and windstorm ir.suracce as herein requ~red to be carried on t1~e improvements s:tuate on the above described premises. ~ ~ C-P~emiums on such mwtgage guaranty insurar:ce as mortgagee shall from t~me to time deem fit to carry on the ban secured hereby. ~ ~ Mortgagee sh~•.I from tirne to time notify mortgagor in writ~ng of the araount d~e and payable hereunder and such sum shatl thereupon be due and ; F ayable on the .dve dafe of the next month!y payment and each successive mo~th thereafrer ur.til mortgagee shall notify mortgagor of a cha~ge in wch ~~~ou~t. Such sums sFail be applied by mwtgagee toward the payment of real property taxes, insurance prem:ums, and mortgage gua~anty insurance premiums. ` IN Y~IT~1f55 'NH[REOF, the said AlOR1GAGOR has hereur.to set his hard and seal the day and year f' t afwesaid. ! Sgned, Seated and delivered in the presente of: ~ ~ ~ L g aq ~ f.3 . Howard Clu one ~a~~ ; ~ j ~ :Jitnesses ~ ~ - - ~ _ Idd E. Clugst e ~~ap ~ ~ STATE Of FM7[tBUCX FZOr 1 SS_ cour~rir oF St. Lucie ~ ~ Before me perwnally appeared j Ho wa r d G 1 u~ s t o n e and ~ IC~i.~ E Cluc~stone his wife, to me well known and know~ to me to be ~ rhe individvals desuibed in and who executed the for oing instrument, and acknowledged bcfore me that they exetuted the same for the purposes ~ rherei~ expressed. And the said Ida E. C~u~stone ~ " J. Ho~vard Cluostone e separafe ,od P.~~+~e ~ ~ r~ife of the said e.emination by me taken separate and apart irom her said husband, atknowledged to and before me that she exetuted said instrument ireely and volurr ~ ~ ~anly and wlthout any compulsion, constraint, apprebension, or fear of or fram her said husband. • t ~ ``~~,~'tt...Y.i//j '14 ; s WITNESS my hand and oificial seal this ~}1 day of ` ~ ` ti9 i v 6'r ~i -Gt, • Notary PublicXn and or the Statt'of~ ~ la ~ " ~ . £ My Commissjon expues: ~ ~ : - .Q ~P ZL L Retwn 70: . t~ Q ~w( : K x~ First Federal Saving~ 6 loan Associaf~on _ . =!!C, $j~7C nf ~?,#a % 4' : r L0:.14;liStO~. r,~••:~,q 3~ • _ Of Fort P~erce. Yvlp~ E"~'a ~~r 197 :S ~ ~ I •~.s?. . ~ fort Pirrce, Florida ~a~s ~ Q,: _ f 8~ ~ ~ ~ ' ~ ~ ~ ~ ~ ~l. ; '~~s'iiiil+t' - ~ti', This Instrument Prepared Sy :2ichard K. Kayes : '~=r First Federal Savings 8~ loan Association FIlEO AND RECORDEO ; s' of Fort Pierce , Floricia =T• aQaERCFp TR~S~. `~~,"7~os s,= , ~ CLERK CtKCUl1 COURT ~ ; <<.~ Checked By ~ P.FC~R1'r~~~~~`D..~--- } R $ 23 ~'Z~ ' ~~o~ 222 P~~E1667. ? , • ~3 . . - • ' . ~i'-:•_ yt. ' . . .~r.:. ~ - - ' _ . x _ . ~ ~ a.~a