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Home My WebLink About0751 9. To place and continvousiy keep on the b~i:du,gs now or haroa(ror sitwte on said ~and and on all equipmenl and pe?so+~ally coverad by fhii matg- eg~, wi~h all p~emiuml thereon pa~d in Iuli, fire insvrance in the uwal ste~dard po~ity fo~m, in a sum a~proved by the MOR~GAGfE, and w~nda~orm insurance i~ the usual ~fandard pol~cy fam, in a sum approvrd by 1he MORTGAGEE, in such company o~ compan~ef as 1M MORTGAGEE may dirett; and a11 fire a~d w~ndstorm insurance poliues on any of iaid build~nys, any interest ~he~ei~ or pan thereoi. in 1F~e a99re9a~e sum ~foresaid or in excess Ihereof, shall co~tain the usual standard mo~!gagea clause w such o~he~ clause as the Mo~~y+gee may requ~r~, maAir+g ths io~s under ~a~d po~i- c~es, each and every, payable ?o •a~d A10RTGAGEE a~ ~ts intrrest may appear, and each and every such pol~cy sh~tl be promptly +is 9ned and delivarrd ~o any held by seid MORIGAGEE as (ur~he~ secur~ty to uid ~~ortgage deb1, and, ~o? less tha~ ten (10) days in edvanct o( the expira~ion of each pol~cy, fo da Gver fo said MORTGAGEE a rcnewal theroof, togerher wi~h a rece~pt for the premlum of such renewal; and there shall be no fire a windsio~m insurance placed on ~ny of said buildings, any inle~est thcrein w pa~1 thereof, un~eu in the fo~m and with ths lou payable at alaesaid; and in rhe event any sum of money becomes payable undrr such policy w policias ?eid MORTGAGEE shall havs the opt~o~ to receire and apply tM sanu o~ accovn~ of the indrbtrd- ne~s secured hercby or ro permit ~aid MORTGAGORS to reteive and use it or any part thereof ior o~her purposes, .v~thovt th:r~u/ wa~~~~~~ cr ~~~~p~~~• ing any equ~ry, lien a righl unde~ ot by virtue of this mo::gage: and in the event ~a~d MORTGAGORS shafl iw sny reawn fail to keep the said prem~srs so inaured, a fail to delivm promptly ~ny of said pclKies of insuronce to aa~d MORTGAGEE, or fail promptly to pay fully any pre~nwm therefw or in a~y resped fail to pe~torm, dlscharge, execvte, eflect, complete, comply with and abide by th~s cover+an~, w any parf hereo(, said MURTGAGEE may p~ace a~+d pay fo~ cuch i(MNrdM! Of any part the~eof without waiving a alfecting any option, lien, equity, or ~ight unde~ a by virtu~ of th7s Mortgage, and the tu!I amount of each a~d every such payment shall be immediately dw and payabls and ~hall besr interesl from ths date thereof until paid e~ the rate o1 nine per centum pa annum and to~e~hrr with svch inte~est shall lx secured by the lien of this mwtgage• 1. To permlt, commil a sufter no waste, impairment a deterioration of uid property p sny parf thereof. 5. To pay all and singula~ the coats, charges and rapenses, including a ressonable attorney i Fee and costs of abatrxts of ti~le, incurred w pa~d at any time by said MORiGAGEE, becauu or in the event of tAe failure on the parf of tlx said MORTGAGOR to duly, promptly snd fu~ly perform, d~scharge, rxecute, etfeN, complete, con+ply w~th and ab;de by each and every the stipulaiwns, agreements, conditio~s, and mvenants o~ said promissory note and ~h~i mortgage any a either, a~xl sa~d costs, charges and expenses, each and every, sMll be immediately due and payable; whrther a not thare be ~orFCe do- mand, attempt to coliect w tuit pend~ng; and the full amount of each and eve?y svth payment shall bea? interest from the date thereof until paid at the r~~e oi nine per centum per annu.n; arw~ all said costs, charges and eapenses incurred w paid, together w~Ih suth interest, shall be setured by the lien oi thif mOf tgi9e. ~ i 6. That (a) in the event of any bresch of this Mortgage w default on the part of the MORTGAGOR, w(b) in the event any of wld sums of money i herein referred to be not promptly and fully paid w~~hi~ th~rty (30) days nexl aiter the same severatly becoms due and payable, without demand or ~otite, y or (c) in tha eveot each and every the stipulations, agreemeNS, co~ditions and covenants of sa:d promissoiy oote and th~s mortgage any or either are not ~ iuly, promptly and fully performed, d.uharged, executed, eitected, compteted, compl~ed with a~d abided 5y, then in e~ther o~ any such evem the sa~d a¢ ~ gregate sum mentaned in said promisso~y note then remaining unpaid, with interesl accrued, and a11 moneys secured hereby, shall betome due and pay- y ab:e forlhwith, a fhereafter, at the option of sa~d MORiGAGEE, as fully aod completelY as if ali of Ihe said sums of money were w~ginally ttipulated a ro be pa~d on such day, anyfhing in sald prom~uory note or in this Matgage to Ihe contrary notwiths~anding; and ~hereupon w thereafte+ at the oprion of ~ sa,d MORTGAGEE, without notice or demand, suit at law or in equity, therefwe or thereafter begun, may be prosecuted ss if ali nwr?eys secured FKreby i n_d maturld pnM t0 i13 institutiOn. - 7. That in the event tfiat at the beginning of w at any time pending any suit upon this Matgage, w to foreclose it, or to refwm it, a to enforce payment of any claims Aereunder, said MURTGAGEE shati apply to the Court having jur~sd;c~~on thereof fw the appointmsnt of a Receiver, such Cou~t shall forthwith appoint a receiver of said mortgaged property atl and singular, includ~ng aIl and singuFar the income, profits, issues and revenues from whztever source derived, each and every of wh~ch, it be~ng expressly underatood, is Aereby morTgaged as if spec~ficalty set iwth and dewibed in the g~snt~ng and !»bendum clauses hereof, and such Receiver shall have afi the broad and e~fecrive funct~ons and powers in anywise entrusted by a Court to a Receiver, and - s~ch appointment shall be made by such Court as an admitted equity and a maiter of absolute rlght to uid MORiGAGEE, and without rcference to the i adequacy or inadcquacy of the value of the property mortgaged or to the sorvency or insoivency of sa~d MORTGAGOR or the defendants, and that such ~ rc•.,rs, profits, income, issues and revenues shall be applied by such Receive~ accord~ng to the lien or equity of said MORTGAGEE and the practice of such Court. 8. To duly, promptly and fuily perform, discharge, execute, effect, complete, comply with and abide by each and every the stipuiations, agreements, conditions and covenants ~n sa~d promisswy note and this mongage set forlh. 9. That in the event the ownership of 1he mortgaged premises, w any parf thereof, becomcs vested in a perwn other than ihe MORTGAGOR, the ~'.ORTGAGEE, its successors and assigns, may, without notice to the MORTGAOR, deal with such successor o? successor in interest with reference to this mor+gage and the debt hcreby secured in the same manner as with tAortgagor withovt in a~y way vitiating o? dixharging the Mortgagors' liability herr ~r.der or upon the debt hereby secured. No sale of tne Fremises hereby mo~tgaged and no forbearance on the part of the IAORiGAGEE w its succeswrs cr assigns and no extens~on of the time for the payment of the debt hereby secured given by the MORTGAGEE or its suctessws a assigns, ahat! operate ro release, d~scharge, modify change o~ affect the orig~nal liability of the MORTGAGOR herein, either in whok or in pu1. iD. It is spetiFically agreed tha~ time is of the essence of this contrsct and that no waiver of any obligation hereunder or of the obligstion sr cured hereby shall at any time thereafter be he!d to be a wairer of the terms he~eof a of the instrument setured herby. - 11. In add:ticn to the forego:ng moNhly paymems of princ-pal and interest required by the prom~ssory nore secured hereby, mortgagar tovenants and agrees to pay to mortgagee with each month!y payn,ent aa addidonal sum estimated by mortgagee to be equal to 1/ 12 of the annual tost of the follow- - ~r,g: " A-All real property taxrs levied or assessed agai~st the above described real estate. B-Premiums on fire and windsto~m insvrar.ce as here~n requ~red to be carried on the improvements situate on the above described premises. ' C-Premiums on such mortgage guaranty insurance as mortgagee shall (rom t~me to time deem fit to carry on the loan secured hereby_ Mortgages shall from time to t~me notify mortgagor in writing of tfie amount due and payable hereunder and such sum shail thereupon be due and ; F.ayable on the due date of the next monthly payment and each successive month thereafte~ ur.til mortgagee shall not;fy mortgagor of a change in such ~ a•~,ount. Such sums sha:l be a lied b mort a ee toward the ment of rea~ ra rt taxes, insurance rem.~ms, and mort a e uarant insurance j PP Y 9 9 Par P Pe Y P 9 9 9 Y ~ p'emiumi. j IN Y~ITNESS WHEREOf, the said MORTGAGOR has hereunto set his hand and seal the day and year fi ~t afo+ewid. ; ~ Signed, Sealed and delivered in the presence of: ~ ~G: . a~ ~ _ ~ i. , (SeaO ~ / ~al) ~ rSeaQ STATE OF FLORIDA 1 couvnr oF St . Lucie ~ ~ Before me penonally appeared .J. Howard GlugStone and Ida E. Cluc~stone his wife, to me well known and k~own to me to be rhe individuals described in and who executed the fwegoing instrument, and acknowledged befwe me that they executed the same for the pvrposes rherein expressed. And the said I~ E. Clugstone rr;fe of the said J. lioward Clugstone upon s sepa.ate and privste ; efamination by me taken separate and apart irom her said husband, atknowledged to snd kxfue me that she exetuted said instrument freely and voluo- ~ ra.~fy and without any comp~lsion, constraint, apprehe~s~on, or fear of or from her ssid husband. WITNE55 my hand and official seal thi~ day of March A. D. 19~._ ` j ~ ;~.t(,Ut~UEO Notary Dublic in and fo? t tate of ida at Lsrge ' fILE~ ~~h~„ My Comm~ssion expires: ' ` ~ 5~.lbC,i_~:~'J~TY flA. ~ ~5 Return To: RGv~ "?RAS ~ . . ^ ^ ~ Finf Federa~ Savings d~ loan AssociationC~f~Cl; ~',.'+~ij C~URt ~"~"..-.;~:`!(s~J ~ Of Fort P:erce. pFr~lFti :.J t ' . ~ f~/~ > ' 39~ ii x ul r:...........i Lr..w~.l+ Vwj~jld ` u~ Fort Pierce, Florida y a''$3 • Z ~ Mas ~5 I 35~M ~,•-.~Q. ~ , ~ ~tr ~ .4~ . J , 1, _ ~ 2'7"J~'7f - ~ • _ . ~ This Instrument Prepared By Richard K. Kayes ~,j J=~ ' First Federat Savings & Loan Association ~ : •~v of Fort Pierce ~Iice President ' - ~ ' S':~ ` : ~ Checked By , . ~ OR ~ aoa« 225 P~cf 7~9 ' ~ . ; . - ~ . - _ - - - - - - : - ~ ~ ~ r _ _ ; v..~~~.~~= s ~