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Home My WebLink About0145 3. To place and continuovsiy keep a~ tl~e buiid~n~s now or he~eaiter situate on sa~d I~nd and a+ all ep~ mem and,per~uRZG~GfEedand'winda~o~m : eg~, with all premiums thereor~ pa~d in full, f~re ~nsvronce ~n the vsual sta~ulard po~~cy form, in s sum a o~ed by ~ ins~ro~ce in the vsual s~andard pol~cy form, en a ~um approved by the MORiGAGEE, in iuch tompa~y or canpan~es a~ the MORTGAGEE m~y ~ d~ret~; and al! ~ firs arul w~nJetorm insurante policies on any of said build~ngi, any interest therein or part thereof, in IM aflgre9ata w~n aloresatd o~ in excess thaeol, shall co~taio the usual sta~:dard mo~+gaflce clause w such other clauss es ths Mo~~yagee may requ~r~, ma?inp ~he loss unJe~ sa~d po~~ ; cies, each and every, payable ~o said MORTGAGEE as ~~s in~erest may appear, and asch and ~ve~y such p~!~cy shall be p~~*+p~~Y as= 9^ed and delivared ~o ~ny held by said MORIGAGEE at fur~her srcurity ~o aaid ~~atgage debt, and, no1 !eu ~han te~ (10) days in advance oi the expirat~on ol each po~tcy, to dr liv~~ 1o said MORTGAGfE a re~ewa~ thereot, Iugrlhtr with a rece~p~ iw tM p~em~um of ~uch re~ewal; and ihere sheil be ~o f~ra or windator~n insurance plsced on aoy of said buildings, sny interesl the~e~n w part thertof, unleis in the form and wi~h the loas payable as afaesaid; erx! iii the elcrtt a~y su~ of mon~y becomes payeb~e undrr such poticy w po~~ues said MORiGAGEE shall Mve the opt~o~ Io receive and apply the ssrt+e o~ a~~au~~ oi the indebted- neu secured he~aby or tu permit said MORTGAGORS ~o receive and use it w any pa~l lhereof for othcr purooses, w~~hout th~r. u~ waiving or ~~~~pe~r- ;rp ~ny equ~ty, lien w righl under or by virtue of this mo:tgage; and in tha event sa~d MORTGAGORS shall fa any reaso~ fai! to Qeep ~he aaid p~em~ses so in~ured, w(ail fo deliver prompt~y +nY of said policirs ol insurance to ssid MORiGAGEE, or (ait promptly to pay tully any pre~~~~um therefor °~ace and respect fail to perfwm, d~scharge, execute; eifect, compbte, comply w~~h and abide by this covenant, q any parf hereof, said MORTGAGEE maY p pey fa such ins~rance or any parl lhereof wi~hou? waiving w sffectinp any option, lien. equi~Y. or right under ot b/ virlue of this Matgage, +~d the full smount of each and every such paymant shall be immediately due and payable and shall bear interest from the date thereo( until paid at the rate o1 nine per centum per annum ar.d to~e~her with auth interrst sheli be srcured by the lien o1 lhis mo~tgage• I. To permit, commit or suf(er no waste, impairment or dete~ioration of said properry o~ +nY Pa~t thareof. S. To pay all arul zinyula~ the costs, charges and expenses, includ~ng a reasonable a~~uncY i tee a~d costs of abstracts o( title, incurred o~ paid st any time by sa~d MORTGAGfE, because w~n ~he even~ of the fa~lure o~ the W~t of ~he said MORTGAGOR 1o du1y, pro~np~ly and fu~ly perform, dischar9e. execute, eifett, comp~ete, compiy w~th and ab:de by each and every the at~pulst~ws, agreements, cond~lions. a~d cove~ants of said promissory note and this mortgage any w e~iher, and sa~d costs, chargn and expense's, each and every, st,,:~ be immedulely dve and payable; whether a ~ot the~e be notice do- mand, at~empt 1o colled or suit pend~ng; and the full anovn! of each and eve~ r such paymem shall bear ~nte~es~ from the date thereof until paid at the ~ate of n~na per tentum per anuum; and all said costs, tharges and expenses ~ncusted w paid, together w~th such intetest, ~hall be wcured by the lien of thw mort9age. b. That (a) in the event of a~y breach oi th~s Mortgage or default on the pa~t oi the MORTGAGOR, or (b) i~ ~he eve~t any ot ss~d sums of money herein referred ~o be not pranptly and fully paid within th~rty i30) days ne,ct after the seme seve~ally betome due and payahle, withoul demand or not~ce, or (d in the event each a~d every the stipuiations, agreements, cond~~ions and coveoants of sa~d p~omiswry note and th~a mortgage a~y o~ e~ther are o01 ~uty, promPtly and fully per(ormed. d~scharged. executed, effected. cor»pteted, compl~ed wi~h and a6~ded `ay. tFxn in either a any such eve~t the said a¢ gregate sum me~taned in said prom~sso~y note then remain~ng unpaid, with interest accrued, a~d aIl moneYS secured hereby, shall beton+e due and pay- able forthwith, w thereafter, af the opfion of said MORTGAGEE, as fully and completely ss i( all of the safd sums of money were o.~ginally st~putated to be pa~d on such day, anything io sa:d p~om~ssory note or in this Matgage to the contrary notwi~hstanding; and thereupon w 1he~eafter at the option of said MORTGAGEE, without not~~e or demand, suit at law o~ in equity, there~ore w thereafter begun, may be prosecuted as if al) moneys secured hereby had mawred prrot to its institution. 7. That in the event Ihat at the beg~n~:+~g of or at any fi~ne pend~ng any su~t upon this Mortgage, a to fweclox it, or to refwm it, or to enforce payment of any claims hereunder, said MORTGAGEE shal) apaly to the' Court having jurisdict~on lhereof fer the appo~ntment of s Receiver, such Court shall Forthwith appo~nt a~eceiver of said mortgaged property a~l and singular, includ~ng a!f and singular the ~ncome, p~of~ts, issues and revenues t~om whatever seurce derived, each and eve:y of wh~ch, it being ezpressty understood, is he~eby mortgaged as if spec~fically ut forth and dexribed in the granting and habendum clauses hereoF, and such Receiver shall have all ~he broad and effeUive funct+ons and poMrers in a~ywisr entrusted by a Court 4o a Receiver, and :~ch appointment shalt be made by such Cour~ as an admitted equity and a matter o~ absolute rigfit to sa~d MORTGAGEE, and without re(erence to the edequacy or inadequacy of the value of the p~ope~ty mortgaged or lo the so~vency or insolvency oi said MORiGAGOR or the defendanfs, and that such rents, proi~ts, income, issues and revenues shall be appl~ed by such Receiver according to the lien w equity of said MORTGAGEE and the practice of such Court. 8. To dufy, promptly and fully perfwm, discharge, execu~e, effect, complete. comply with and abide by each and tvary the stipulations, ag~eements, conditions and covenants in aa~d prom~ssory note and this.mortgage set forth. 9. That in the event the ownership of the mortgaged premises, or any part thereof, becanes vested in s person other than the MORTGAGOR, the h10RTGAGEE, its successors and assigns, may, without notice to the MORTGAOR, deal w~~h such successw w successw i~ inlerest with re(erence to this morlgage and the debt hereby secvred in the same manner as with Mortgagor without in any way vitiating or ~d~xharging the IAortgagors' liability hue- under a upon tbe debt hereby secured_ No sale of the premises hereby mo.tgagad and no forbearance on the part of the MORTGAGEE or its sutcesson w asa~g~s and no extens~on of tF~e time fa the payme~t of the debt hereby setured given by the MORTGAGEE o~ its successors or ass~gns, ahall operate to release, d~scharge, modify change or affect the original liab~l~ty of ihe MORTGAGOR here~n, either i~ whoM w i~ pe~i• 10. It is specificaHy agreed that time is of the essence of this contract and that ~o waiver of any ob~~gation hereunder w of the obligation se- cured hereby shali at any time thereafter be held ro be a waiver of the terms hereof or of the irutwment secured herby. 11. In add~t~o~ to the fwego:ng month!y paym~nts of princ'pal and interest required by the prom~ssory ~roie secured hereby, mortgagor covenants and agrees to pay to mo:tgagee with each monrhly pay~~~ent an add.~ionat sum e:tinzated by mortgagee to be equal to 1 J 12 of the ann~al cost of 1F~e tol{ow- iny: A-All real property taxes lefied or assessed agai-,st thc above described real estate. B-Premiums on fire and windstorm inwrar.ce as herein requ~red to be carried on the improveme~ts s+t~ate on the above described prcmises. C-Premiums on such mwtgage guaranty inwra~~ce as mo~tgagee shail (rom time to time deem fit to carry on Ihe (can secured hereby. " 'I Mortgagee sha!1 from time to time norify morfgagor i~ writing of the amouM due and payable hereunder and auch sum shall thereupon be doe and ~ payable on the due date of the next monthly payment and each successi~e month thereafter urtil moctgagee shall notify mortgagor of a change in such amo~nt. Such sums sF.all be applied by martgagee toward the paymens of real property taxes, insurance prem.ums, a~x) mortgage guara~ty insurance ~ ~emiums. IN WITNESS WHEREOF, the said MORTGAGOR has hereunto set his hand and seal the day and year first atoresaid. \ ~yr~ed. $ea nd tive~ed in the presence of: ~ • ~ _ ~a~ 6 ~ aul J Dupont, a single ~}h7.t ; ; ~ _ . ~s~an / ( (Seaq S~ATE OF FLORIDA couNnr oF St . Luc i e Before me personally appeared Paul J. Dll OTIt ~ I~;o-•wiie, to me wetl known and known to me so be the individua! desvibed in and who executed the forego~ng instrumem, and acknowledged before me that he• exetuted tF~e sart?e for the purposes therein expressed. Andlire~ wii~of-+f.~sa~d upon a sepa?ate and.~r+refe exa~n ~„s~sorr b~r~ eske+f srpa?at~ and apan-froml~r saRf -fiosbe+.d,~ckoowlsd9ed.to a~d.l»for~ ~ne.th+t- ~i» ~~Med ssicL iws~wiwew} irs~ly ~wd. voivw. ~er:lq~w~v~;ei~stir~bwy-cen~pukiewr-ew»+Wip~ s~ap,.arloaevL~~from.~r.saidbuabaod. 74 WITNESS my hand and official seal thi d Y'Ch A. D. 19 ~ / ~ / ~ Notary Public in and for e 5tate 'Fbrida at large ~ My Commission expir . - _;1~/' Return To: first Federal Savings a Loan Asso_iation • 2~g,a~~ ~ Of Fort P;erce. - i~•~~~~r,~ . ~ Fort P:erce, Flor~da CKqEO ~ li'_ ~ ~C • ~ f1'_ED ~ k1Y FL?~• ~ ` ~-'I _ s SS.1~~~~~ ;.0~' TRaS ~ ' - ~ : RGG~.•. UURt ~ •~ti C ~ , CIE~'f. C~~.i.JiS C • y . This Instrument Prepared By John W. Collins ~ r ~t:_,,;E~'~-~r 1=•j r • First Federa! Savings 8~ Loan Association PF "~Q - * _ ' ~ _ ~ . ' r of Fort Pierce ~ ~lorida t~ 9 34 H~'~~ =.~c, tA~ti MAR L1G,•~~ ; ~`Q~ y , ~ ~ Checked Sy ' ~ eoo~ 2Z5 ?~wE 1~5 . - - , - - _ _ - - - - - - - - ~ ~ v;~,~~~~'~ . . -