The URL can be used to link to this page

Home My WebLink About1133 3. To ptace and contfnuovsly keep o%~ the bui:d~nys now w hereaiter a~tuate on sa~d land and on aU eq~ip~nenf and ptrso~ally cov.:~ad by this m~tfl- ege, wilh ail premivms thrreon pa~d +n full, fire' insvrance in ihe usual sfa~:d;ird palicy lorm, in • sum aNproved by the MORiGAGEE, and w~ndstc~m ~nsuronce in the usua! trandard po:.cy io~m, in a svm approved by the MORTGAGEE, in wch company o? compan~es as the A~ORTGAGEf may diretl; and sll fire and w~ndstorm insurance poGcies on any o( sa~d budd~ngs, ~ny intere~t Iherein or parl the~eof, in ~he aggregare sum aforesa~d or in exceu fhercaF, shall contain the ua~al st..ndard mortgagee dause w such orhar c?auss as the Mwtgagee may reqw~s, making the loss undav s.~:d poli- c~es, eacA and every, payabfe to sa~d h1pRTGAGEE as its interest may appea~, and each and every such pot~cy shall be promptly ass gnrd and deiiv~red to ' any held by said h10RIGAGEE as fur~hrr securlly to said n:o:tgage debt, and, not less than ten (10) days in advance o1 ~he expiranon of each pol;cy, to de- liver to saFd A10RIGAGEE a renewa! fhe~eof, togeiher with a rece~pt (or the premium of such renrw•al; and there shall be no f~re or windawnn insurance placed o~ any of said buildings, any intereat therein or part thereol, unless in the fo~m and with the loss payable as aforesaid; and in the eve~t any sum oi money becomes payable under such policy o~ poticies said MORiGAGEE shal! have the opi~on to receive end apply the same on account of the indebt~d• ness sec~red hereby or to permit aaed MORTGAGORS to receive and use it a any parl thereof for other purE.,srs. \'I~II1pJT ~h_r~u~ .~ei.~.,a o. ,~,~pa;r- • ing any equ~ty, lien or ri~ht under w by virtue of this mo-tgage; arid i~ the event sa~d 1{AORTGAGORS sha?1 fw any reason fail to keep the sa~d prem~sea so insu~ed, or fai! to deliver promptly any of said polities oi insurance to sa~d MORTGAGEE, w fail promptly to pay Julty any p~emi~m therefor or in any • resped fail to perfo~m, d;scharge, execute, efiec~, compteta, comply w~ih and abide by ~his covenan~, or any pa~t hrreof, sa~d MORTGaGEE may place a~~d pay suth insurar,ce or any parf thereoF witho~t waivinq or aifectirg any option, ?ien, equ~ty, a right under w by vinue of this 1~1o~tgage, ond the i~ll amoum of each a~xl eve~y such payment sh~ll be im,nediately due a~d payable and shatl bear interrst from thr date thereoi until paid at the rate o1 nu~e per ceNum per a~~nwn and togrth.rr with such interes~ shail be ucured by the tien oi this mortgage. • 1. To permit, commit or suffer no waste, impairmenf w deterioration of said p~operty oa any part lhereof. S. To pay atl and singular the costs, charges and expenses, including a reasonable atlornay i fee and costs of abstraaa of tit!e, inturred or pa~d at any ti~ne by said MORiGAGfE, because w in the evem of the fa~lwe on ~he part of the said MORTGAGOR to duly, pra»ptly and futly pertonn, d~scharge. exzcute, effett, complete, compty w~rh and ab:de by each and eve~y the stipulations, agreements, conditio~s, and covenan?s oi said prom~ssory note end this mortgage any or e~ther, and sa:d cos(s, chargea and expenses, each and every, shai~ be immsdiately due and payable; whe~her or not ~here be notice dr mand, attempt to callett or suit pend~ng; and ~he full amount of each a~d every such payme~t shall bea. ineerest (rom the date thereof until pa+d at the rate of nirre per Cant~m p~:r an~~um; and aU said cosrs, charges and ex~nses incurred or paid, togelher wdh such interest, shall be secured by the lian of thts mo: tgage. 6. That (a) in the event of any breach oi thia Morrgage or defaul~ on the part of the MORTGAGOR, or (b) in the event any of saEd sums of money herein referred to b~ no~ promptiy and futiy paid w'rthin thrriy (30; days nexf afre. the same severatty becoaze dur and payabte, ~i~ho~t demand or oo~ice. or (c) in the event each and every the stipulaGoos, agreements, conditions and wvenanrs of sa;d promissory note and ih~s mortgage any or either are not ~uly, prompdy and fully performed, d.scharged, ezecuted, effected, compteted, corrcpiied wi~h and abidrd 5y, then i~ e~ther oa any such evenf ~he sa;d ag- gregate sum mentioned in ;aid promisso~y note then remaming unpaid, with intere;t acuued, and ail moneys secured hereby, shall beco~ne d~e and pay- aa:e tor~h.vith, or thereafier, at the option of said MORiGAGEE, as fulty and complerely as if all of the sa~d sum= of money were or~ginalty si~p~:ated ro be pa~d on such day, anything in sa:d prom.:sswy note or in this Mortgage to the cont~ary notwithstand~ng: and thereupo~ w thereehe~ at the op~~on of s3~d MORTGAGEE, without not~ce o~ demand, suit at law or in eq~ity, therefwe or thereafter begun, may be prosecuted as if all moneys secured hereby ned matured prror to ~u institution. 7. That in the evenr ~hat ar the beginnirrg oI or at any fime pending any su;t upon fhis Mortgage, or to faeclase it, or to reform it, or to enforce payment of any cfaems hereunder, said MORTGAGEE shal~ apply to the Cou.t having jurisdiction thereof for the appomtment o! a Receiver, such Court shatl forthvrith appoiM a receiver of sa:d morlgaged property ait and singvfar, indudmg att and si~~g~lar the ir.~pme, profits, issves and revewes !rom whefever sovrte derived, each a~d eve:y _of wh~ch, it be~ng expressiy unders~ood, is hereby nwrtgaged as ~f speufically set iorrh and deuribed in the gronting and habendum clauses hereof, and wch Recerver sha11 have alt the broad and effective funct:ons and powers io anywise entrusted by a Court to a Recei.er, and s..ch appointme~~t shal~ be made by svch Coun aa an adm;»-rd equ;ty and a malter ot absolute riyht to said MORiGAGEE, and witFwut reference to the adeqvacy or inadequacy o~ the value of the property mortgaged or to the so,vency or insotventy of sa~d MOftTGAGOR w the defendants,tand that such reou, profrts, income, iuues and rovenues shali be applied by such Receive~ accwd~ng to the lien w equity of said MORTGAGEE and ~he practke of such Court. J 8. To du!y, promptly and fu~~y perform, discharge, execute, effect, coMpfete, con,ply with and abide by each and eve~y the atipuiations, agreements, cund;tions and covenants in sa~d ~romissory note and ~his mortgage set forih. 9. That in the event the ownership ef the mortgaged prem~ses, or any part thereof, becomes vested in a per~n orher than •fhe MORTGAGOR, the MORTGAGEE. irs successors and ass~gns, may, without no~ice to the :dORiGAOR, deal Nirh such successor a successo+ in interes~ •xith reference to th~s mortgage and the debt hereby secured in the same manner as wiih Mortgagor w~thout in any way vit~ating or d~scharging tPoe Mortgagon' iiabi:ity here- ~ndei oi upon the debt hereby secvred. No sa;e ot f?~e prem~ses hereby mortgaged and no forbeara~ce on Ihe par~ of the /10RTGAGEE w its suctesso~s or ass~gns and no eztens:on of the time for the paymenl of the debt herety secured given by the MORTGAGEE or its suctessws o? ass:gns, a~ia31 operate ro release, d~scharge, modify change or afiect the orig~nai tiab;f:ty of the MORiGAGOR herein, e+ther in whole o? in part. i0. It is speulically aqreed ehat time is of the essen~e of N,:s contract and that no waiver of any obGgat~on hereunder or of the obligation se- ; c~~red Fwreoy sha!1 at any time rhereaiter be heis~ to be a waiver of the terms hereof or of the instrumeM secured herby, ~ 11. In add:t:o~ to rh> fore_c,o'n mo~?h! p p q y P Y ~ 9~ k g y payments of r;r,c al and interes+ re ~ued b !he rom~ssor note secured hereb , mort a or covenants i ~-'d agrees to pay to mortgac~ee with each. monrhly pay~:,ent an add~riona! sum est:mared by mortgagee fo be eqvaf fo 12 of the ann~al cost of the foUow- i ~ A-Ail real property taxrs !ev~ed or assessed agai•~st the above dexribed real estate. 6-Prrm~u~ns on f~.e and w~nduxm fnsurar.ce as nerein requ~red to be carricd on the improveme~ts s~t~ate on the above descri~d premises. C-Pre~nium.s on such morfgage guaranry ir.wrar.~e as mortgagee shall from t:me to time deem fit to ca~ry on the loar. securec,+ hereby. Morrgagee sha~i 'rcm time to t~me nonf; mertyagcr in writi~g of the arrount due and payable hereunder and such sv:n sha'.I thereupon be due and : 3yabie on the aue aate ci thz r.exr month:y payment and eacn success~ve rnonth thereaft~r until mortgagee shall notify mortgagor of a change in such .o~nt. Such s~ms si~aif be aF:pl~ed by rnartgagce toJVard the payment of ~ea! properry taxes, insura~ce prem;ums, a~id mortgage yuaranty insurance remi~ms. IN ~YITNESS '++HERcOF, fhe sa~d h10RiGAvOR has hereunto set his har,d and seaf the day and ear firsf aforesaid i 1 Signed, $~aled an :~elivered in t pr~sence of: C ~ 1 i~ " i p - t•~ _`.t'cy (Sean - Rob rt hr ib ~~a~~ ' ~ y "L ' ~ .-cj~/`~.-. ~ ~r.~, ) ! _t~'itness ~hv1~?~ M. Schr ;b _r tseai - (Seat> ~ S~i.7f Of RQRIDA ~ S t. Luc ie u- ~OUNTY OF _ ~ ~ Before me personaRy appeared - RObeTt A. Schreiber ' and ~ ` P~1y1115 M. Schreiber his wife, ro me well krwwn a~d known to me to be !he individuals desuibed in and who executed the foregoin instrument, and acicnowledged before me that they executed the same for the purpqses therein expressed. And the said Phyllis Schreiber .vife of ~he said Robert A. Schreiber upon a separate and private exam;naTion 6y me ta4en separate and apart from her said husband, atknowtedged to and before me that she executed said instrument ireely and volun- ~arily and without any compu~sio~, co~straint, appr~ en o~, or fear of or frxn her said husband. VYITNES$ my hand and of(iual seal this ~ day o Janua A. D. 19 74 ~ + ' ' y L fILEO ~k~ NECO~DEO Notary Pubiic in and tlx te of Fbrida at large ~ ~ My Comm~uian ex es: Rerur~ To: ST.II)CI[ CfiUM1Y FLA. ~p_ r5- fIOGcT. Fi, RAS 1 ~ First Fede:al Savin~s 3 loan Assodatio ~f Fort P.e:~e. ~~Ea.,c 1.! ~CU~~ CiO~RY - . R~r~nq' ~'f~ fff~ - Fort F~~=rce. Hcr;da 2,~3~~ J ,1~ 31 IC os AM'7~i ~~ti' " ~ ~ . This tnstrument Prepared By John W. C ollins ~~i j~';~' First Federal Savings & Loan lassociation moo •~";,f' = of Fort Pierce , Florida p~ _ ~r, . ,Q L-) F ~c Checked BY~~ /ri' ~1 • doo~ 23 ~a~1133 ~r;'~~,~~~~. - '+i,,~:~~,s., sb