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Home My WebLink About2883 3. To ptste and coroinuously kesp on thc bui!d~ngs now a hereefisr siiuate on said land and on all equ~p~neM and personally tovered by Ihi~ mo~tg- egs, w~lh all p~emivms thercon pa~d in tull, fire insurance tn tha ~wnf stendard polity form, in a sum approvad by the MORiG:.GEE, and w~ndsto~m ~nsurance in ~hs usuel standard pol;cy fwm, in a s~m appro~ed by the MORTGAGEf, in tuch company or companies as the MORTGAGEE may dlrecl; a++d aU tire and wlndstorm ir,surance policiae on any o( said buiid.nqs, any interest Iherein or pa~t thereof, in the aggreyaTe ium afo~esa~d w in exteu thereof, shall co~tain the usual standard mwtgagea c~ause w such other clause as the Mo~tgages m~y requiro, making the loss under ~e~d pol~ cies, each and every, payab~a to said MORTGAGEE as ~ts inte+a~l.may appear, and each and every s~ch po~~cy shall tx promptty ass.gned and de~iverrd ~o any held by said MORiGAGEE as (urther security to said mortgage debt, and, not leu than ten (101 days i~ advance of the expiration of eath poiicy, to da liver to said MORTGAGEE a renewal thereof, toge!he~ wi~h a rece~pt for fhe premium of iuch ronewal; and thero shall be no Kre or windatorm insurance p~aced on any o1 sa~d buildings, any intereet therein or pa~t thereof, unless in tFK (orm and with the loss payab:e as afwesaid; and in Ihe event any sum of money becpmes payab~e under such policy or pol~cias seid MORTGAGEE shall f~ave ~he oprion to receive and apply the sam~ on accounl o! the indeb~ed- ness secu~ed he.eby or to permlt sa~d M10RTGAGORS lo ?eceive and uae it or any part thereof for othcr purposes, v.nho.,t ~har~b~ wa~~ing or unpair- ing any cqu~ty, I:en w righl under w by virtue of this mo::gage; and in the eveN sa:d MORTGAGORS ahafl (a any reason fail to keep Ihe said premis~s so insured, w lail to deliver ptoinpt(y any of said pol~tiea of insurance to said MORiGAGEE, ot fail promptly to pay (ulty any pre~nium thvre{or or in any respect fail to perform, discharge, execute, effect, complete, canply with and abide by this covenant, or any part hareof, said MORTGAGEE n,ay pisce a~d pay fa auch insurance or any part the~eof wfthout waiving a a(Iecting any option, lien: eqvi+y, or right unde+ a by v;~tue of this Matgage, and the full amount of eacA artd every such payment shall be immediately due and payable and shatl bear interest irom tF?e date thereof until paid al the rate of nine per centum pet annum and to~ether with such inter~st shalf be srcured by 1he tien of this mortgage. 1. To permit, commit or suf(er no waste, impairment w deteriorat;o~ of :aid p~operty or any pa?t tAe~eof. 5. to pay all and singular the costs, charges a~d expenses, inct~ding a reasonabfe attorr+ey's fee and costs of abstracts of title, incurred w paid at any time by sa;d MORTGAGFF, because_ w in the eveN of Ihe failure oo the part of the :aid MORTGAGOR ro duly, p~omptly and fuUy perform, dacharge, ~xecute, effect, complete, comply w~th aod ab:de by each and every the ~tipulat~on;, sgreements, cond~tions, snd covenants o( said promissory note and this mortgage any or e~~he~, and sa~d costs, charges ar~d expenses, each and every, shall be immediatety due and payable; whether o? not there be notice d~ mand, attemp~ ro collect or su~t pend~ng; and the fult amo~nt of each and every such paymero shall bea. in~erest from the date thereof une;f paid at the ~ate of nine per cent~m pcr annu:n; and alI sa~d cosis, charges and expenses ~ncurred or paid, togethea w.tb such inrerest, shall be secured by ~he lie~ of th~s mp~lgige. 6. That (a) in the event of eny breach of thia Mortgage or defaul? on the part of the h10RTGAGOF, w(b) in the event any of said sums of money herein referrad to be not promptly and fully paid within th~.ty (30) days next after the same severatly become dex and payable, without demand or notice, ~ or (c? in tht evertr each and every ~he stipu~anons, agreemems, tonditions and tovenaNi of sa,d promissory note and th~s mortgage any or either are not ~ ~uly, promptly and fully perfamed, d.scharged, executed, effected, tompleted, complied wiih and abided by, then in either w any such evtnt the said ag ; gregate sum men+;oned in said promissory nore the~ remalning unpaid, with interest accrued, and a11 moneys secured hereby, shall become due and pay- a6ie forthwith, or t'~ereaffe~, at the opt~on of sa~d MORiGAGEE, as fully and complete~y as if a!I of the said sums ef money were o~~ginally sGpulated to be pa~d on such day, ar.ything in sa:d pro.n:ssory note or in this Mwtgage to the co~rrery norwirhstand~ng; and ~hereupon or thereafter a1 the opt~on of sa~d MORTGAGEE, w+thout not~ce or demand, suil at law or in equity, therefore w thereafter begun, may be prosecuted as if a~l moneys secured hereby had matured pnor to ~ts inst~t~t~oo. 7. That in ihe event ihat ar fhe beginn~ng of or at any time pend~ng any svit upon this Mwtgage, w ro foreclose it, o? to reform i~, or to enforce payment of a~y claims here~nder, sa~d MORTGAGEE shall apply to the Court having ~urisd~ction fhereof tw the appointment oi a Receiver, such Court shail forthwirh appo~nt a receiver of said mwtgaged property a!I and singular, irKludmg all and singular the income, prof~ts, isaues and revenuts lrom whatever :eu:ce derived, each and eve.y of wh:ch, it be~ng expressly urtderstood, is hereby mortgaged as if spec~fically srt fa~h and desuibed in the granting and ha~endum cta~ses hereoE, and such Recei~rer shall have atl the broad and effecteve funct~ons a~d powers in anywise entrusted by a Cou~t to a Rece~ver, and s..ch appointment shall be made by such Caurt as an admitted equ~ty and a matter of abao;ute right to said MORTGAGfE, and without refe~ence 1o ihe edequacy w inadeqvaty oi the value af the propefty mor~gaged or to ~he so~venty or inso~vency of said MORiGAGOR or the defendants, a~d rhat such renrs, profits, income, issues and revenues shall be applied by such Receiver atcwding to the lie~ or equity of said MORiGAGEE and ihe pradice of such CouA. 8. To dufy, promptly and fully pe.form, d;scharge, execule, effect, comp!ete, comply with and abide by each and every the stipulations, agseements, ;cnditions and covenants in sa~d promissory note and this mortgage set fosth. 9. That in the event the ownership of the mortgaged premises, or any part Ynereof, becomes vested in a person other than the MQRTGAGOR, the ~:.QAiGAGEE, its successors and assigns, may, without r.otice to the MORTGApR, deal with such successor or wccessor in interest with reference ta th;s n;ortgage ar~d the debt hereby secured in the same manner as with lRortgagor without in any way vitiating or d~scharging the Mortgagors' liability here- under or upon the de5t hereby secured_ No saie of fhe premises hereby mortgaged and no lorbearance on the parl oi ~he MORTGAGEE or its successors ; or ass;gns and no extension of the time for the payment oi the debf hereby secured given by the MORTGAGEE or its successors or assigns, shall operate io release, d~scharge, modify change or affect the o¦iginal liab:l~ty of the MORTGAGOR he~ein, either in whote or in pa~/. ' 10. It is speufica~ty agr~ed that time is of the essen~e of this contract and that no waiver of any obligarion hereunder or af the obligation se- cured hereby shali at any time rbereafter be held to be a waiver of the terms hereoi or ot the i~str~ment secured herby. ~ ~ 1 L In add~tio~ ro the fore dn, menth?y a• menrs of ~ ~ g ~ p ~ pcin:'pal and inreres~ requ~red by the prom~sscry no.e secured hereby, mortgagor covenams and agrees to pay to mo:tgagee vvith eac1~ month~y payrnent an add~rional sum est~ma~ed by mortgagee to be equai to i f 12 oi tFe annual cosr of the follow- i ~n~. A-A!1 real prope~ly taxrs le.ied or assessed agai~st the abave described rEal estate. i B--Prem~ums on fire and w~ndsto~m insurarce as he~ein requ:red to be carried en the ~mp~oveme~ts situate on tne above dastribe~ premises. ; C-Ptemwms on :vch rr.ortgage 9uaran:y ir.surar.ce as mo~tgagee shail fro:r. rme to timr deem fit to carry on the loan secu:ed hereby_ Vlortgagee shaii frcm time to time not~!y mo.tgagor in writ~ng of the amo~m due and payable hereunder and such sum shal! thereupon be due and i F avable on the due oa+e of the next monthly payment and each wccessive month thereafter ur,tit mortgagee shall nmify mortgagor of a chaoge in such a^ ounL Such s~ms shail be appliad by mort3ag~e tov.ard the payment of real property taxes, inswance prem;ums, aud mortgage guaranty insurance p~emiums. ; WITNESS 1VHERcOF, the said MORTGAGOR has hereunto set his hard and seal the day nd~e r first af esaid. ~ ~ ~ ned, Sealed a e ered in the presence of: ~ ~ < <f ' .-._(Sca~ j '~loze ' HcHillian • ~~ai~ ~ s ' _ ~ Ca rrie ~1c~tillian ~~a1~ E ; STATE OF FLORIDA ~ 55. ~ CC~UNTY OF St . Luc ie ~ Befwe me personally appeared Mozelle ~1C~11111aA and ; Carrie Nc~ti22ian his wife, to me wetl k~own and known to me to be rhe individua:s dauribed in and who execerted the foregoing instrument, and acknowledged before me that they executed the same for the putposes ~ ~herein expressed. Md the said CaZt1P ~~CHllll~il ` +~+fe of the said ~~02@lle Hd~tillian , upon a separate and private ~ exami~at~o~ by me taken separate and apart from her said husband, atknowledged to a~d befo~e me that she executed said instrument freety and votun- rarily and w~thout any computsion, consrraint, epprehens~on, or fea~ of ~am her said busband. - WfTNESS my hand and offecial seal thii 15th d of -~ebruar A. D. 1974 r . FIlEO ~h~~ kECORDEO ~ ST.~UC'C v"OUJifTY fLA. Notary Public in and (or the t of flor' at large ~ pG~;~;: pa~jR~S My Commission expires: 9_~S"' Retum To: CLr9K :;,yiT COUR First Federal Savi~gs b loan AssociatS~i~.'~' ti~F •c~~~ ~ Of Fort P.erce. ~ Fort Pierce. Ffcrida ~E8'H 9 0~ aH'1~ ~jt~~ r: ~ . . ~ ~i`, i : ` 2748~i`~ [ ~ i ji ~ ~ ~ - This Instrument Prepared By John W. Collins : r' First Federal Savings & Loan Assaciation = ;r - of Fort Pierce , Florida _ , - - = ~~i~~~~ _ ~ ; Checked ey ~ . , , , • ~ ~ , : , . ~ . F ~ r 223 F:,:~ ~~J