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Home My WebLink About1166 3. To plxe a~d coniinuousfy keep on ~he bu~ J~~~~s ne~v o~ hereaher t~tue~e on said land and on ail equ~p~nent and prnonaily tovered by this mo~~g• age, wilh all prami~ins thr~cw~ pa:d m full, Gre inwr~ntr in ~1x uwal staiw~lard polity ~orm, in a sum dHpiovrd by ihe MORiCrAGEE, end winda~o~m insuraoce in the usoal s~a~~dard pot:cy form, in a swn approved by the MORTGAGEE, in such company or compan~es as the MORTGAGEE may dfrech and aU (i~e and wind~torm insura~te po~~ciES on any ot sa~d bu~~d~ngs, any intereet ~herein or part thereof, in the agyregare wm aforesaid or in excrss thrreof, shall :on~ain the uwal standa~d mor~gagee clause or such mher dause as the Mor~gagee may rrqw~t, making tha loss undrr a.+~d puii- c~es, each and every, parab~e to said MJRTGAGEE as ~ts 1me«et u~ay appear, and each and every suth po~~cy shatl be promptly ass gned a~~d del~vered to any held by sa~d VtOR1GAGEE as lur~her security to sa~d mu~tgaye deut, a~~d, noi less ~han ten (10) days in advance ol the expvat~oo of each paGCy, ~o do- Gver ro said MORTGAGEE a renewel thereof, toge~hzr with a rrce~pt 1or the premfum of such renewal; and there shall be no ~~~e w windsto~m insurance placed on any of sa~d bvildings, any iNerest therein w part Ihe~eof, ~ntesa in the (orm and with the loss psyable as ato~esaid; and in the event any sum of mo~ey lxcomes payab~e under such policy or pol~ues aa~d MURIGAGEE ahjll have the opt~on to reca~ve a~~d apply ?he sa~ne on accoum of ~ha indabted ness secu~ed he~eby w to permit said MORTGAGORS to rece~ve and use it a any pa~t ~f~+eol ior oti~cr pu~HOSCS, v.~+1~o~t th;~.ui w~c~~.~g cr ~~+~p..u- ing any equ~ty, hen or r~yM under or by virtue of this mo:tgege; and in tM event sa~d MORTGAGORS shall fo~ any rcaso~ iail to keep the said premisas so in:ured, or fail to deliver promptly any o! sa+d pol+cies of inwrante fo said MORTGAGEE, or fail promptty to pay fully any premwm therefor w in any respect fail to perform, discharge, executr, effect, complete, comply with and abide by this cove~ant, or any part hrreof, sa~d MORTGAGEE may p~ace a+~tl pay fo~ s.,ch insurance or any part thereof w~ihout waiving w af(ecting any option, lien, equ~?y, o~ right ~nde~ or bt virt~e of this Mortgage, and the tu+l a~nount of each and eveiy such payment shall be immediately due and payable ~nd shall bea~ interest from the datie thercof u~til paid a~ the rate of n;ne per centum pe~ annum ard together w~th such interest shali be sawred by the lien of this mo+tga9e. 1. To permit, tommit w suffer no waste, impairment w deteriotat~o~ of said property or any part thereof. • 5. To pay alI and t~n9ular the costs, chargcs and espenses, ~ndud~ng a reasonabte attorney's fee and costs of abstracts of tide, incurred o~ pai at any t~ma by sa~d MORiGAGEE~ Lecause or in ~he event of thr fa;lure on ~he part of ~he said MORTGAGOR to duty, prompNy and fully perform, d~uharge, execute, e~fect, comptete, comply w~th and ab:de by each and every the 1lipulat~wli, agreameNS, conditions, and covenants of said promissory note and this mor~gage any or eirher, and sa:d costs, charges and expenses, each and every. shatl be immediately due and payable; whether or not there be notice d~ mand, attempt to collect w suit pend~ng; and the full artwum of each and every wch paymeM sha? bea~ interes~ (rom ~he date the.eof until paid at the ~ rate oF ~ime per cen;~m ~xr anuu:n; a~w' ail sa~d costs, ct;arges and expenses inturred or paid, toyether w~th such interest, shall be secured by Ihe I~en of this mottgaye. = 6. That (a) in the event oi any breach of ~his Mortgage or defeult on the part of the YORTGAGOR, w(b) in the event any oi sa~d sums of money ; herein referred to be not p~anptly and (ully paid w~thin th~+ty i301 days neat ahar the same seve~atly become due and payable, withoul demand w notice, ~ or (c) in the event each and every ~he stipulations, agreemams, co~d~t+ons and covenants of sa:d p+omiswry note and th~s mortgage any a either are no1 ~ ~u:y, promptly and f~lly perfonned, d:scharged, executed, eftected, completed, canpi~ed with and abidrd by, then in e~~he? or a~y such event the sa~d ag € gregate sum mentioned in sa~d promissory note then rema~rong unpaid, with interest acuued, and atl moneys secured hereby, shatl become due and pay ~ ap:e for~hwith, w thereaftzr, at the opno~ 01 se~d MORTGAGEE, as fully and completely as if a~l of the said svms of money were onginally ahpu:ated ro be pa~d on such day, anything in sa:d prom~ssory note or in this hlortgage to the cont~a~y notwirhsTand~ng; and thereupon or Ihereafter at the opt~on of ~ sa::i MORTGAGEE, wrthou~ notice o+ drmand, suit at law or i~ equity, thereiore or thereaf~er begun, may be prosecuted as if all moneys secured he~eby n~d mawred pnor to its inssitut~on. ' 7, That in the event that at the beginnin~ of or at any time pending any su~t ypon this M,ortgage, o? to foreclose it, o~ to reform it, or to enforce ~ a~ment ef any ciaims he~e~nder, sa~d MORTGAG=E shati appty to the Covrt having ~urisd~uion thereof for the appa~ntment of a Receirer, such Court shall icr!hwiih appa.nt a receiver oi said mortgaqed property ali and s~n~ular, inctud,ng ail and sin9u~ar the income, p~ofas, issues and revenues from wh~tever s: u~ce derived, each and evary of whkh, it be~ng exp~rssly unden~ood, is 1:ereby mor~gaged as if spec~fically xt forth aod described in the g~anting and n~:~endum cia~ses hereoi, and such Receiver shaii have ail the bruad and etiec~ne funct.ons and powers in anYwise entrvsted by a Court to a Receiver, and s.:h appOintm.ent shall be made by such teurt as an ad,n~rrNd equity and a matter of absoFute rigM to said~ htORTl'i~AGEE, and wiihout reference to the adequaty e+ ~nadequacy of Ihc value of the p~operty mor~9aged or to +he so,verxy or insotvency oF said MORTGAGOR Or Jhe defendants, and that suth ~evs, p?ofits, irtcome, issues and revenues shali be appi~ed by such Receiver accord~ng to the lien or rq3ily of wid AtORTGAGEE and the prachce of such Court. ' 3 8. To duly, promptly and fully perform, d~scharge, execute, effect, compiete, comply with and abide 6y each and evsry the stipulations, agreements, ~ conditions and covenanrs in sa~d promisswy rase and this mortgage set 4orth. • 9. ihat in the event the ownership of the mortgaged premises, w any part therecf, becomes vested in a person other than the MORTGAGOR, the a l.'.JRTGAGEE, its successors and ass~gns, may, without notice to the h10RiGAOR, deal w~th such successor w successor in interest w~th reierence to this e o: tgage and tix debt hereby secured in the same manner as w++h Mo~tgago. w~thout in any way viGating or ducharging the Nlwtgagori liability herr € ~nde~ or upon fhe debt hrreby secured. No sa:e of 1he pre~n~ses hereby mortgaged and no forbearance on the part of the /AORIGAGEE w its successors ~ oi aas~gns and no eatens:on of rhe time fw the payment ot the debt hereby secv.ed giren by Ihe MORTGAGEE or its successws or au~gns, a~~all operate to .e!ease, d~scharge, modify change w affect the o~~gmal liab~l+ty of the MORTGAGOR herei~, either in whoie or in part. 10. It is speu~~catly a9reed that time is of the essence of this contract and that no waiver of a~y ob~igat~on hereunder or of tne obligaYwn se- cured hereby sha!i at any time thereafter be he;d to be a waever of the terms hereoi w of the instrument secured herby. 1 i. In add:t:os to ~h~ forego r,g month!y payments of p~inc pal and i~reres! requ~red by the prem:sscry note secured hereb~, mortqagor covenaMs ,~d agrees to pay to mo~tgagee w~:h each monthiy pay,.:e~it an add,~~onal som esf,~r.ared by mortgagee to be equal to 1; 12 of the annual cost of the fotbw- ~ :ng: - A-All reaf propcrty taa~s lev~~d o+ assessed ayai•~st th~ above described real estate_ 6- Pren:.u•nz on fire ar.d w:n~sro: m inSUracce a5 here~n requ~red to be carried on the ;mprovements s~tuate on the above described premises_ I~ C-Premiun:t on such mortgage guaranty ir.wra~.ce as mortyagee sha'1 fro~n t~me to time deem fit to carry on the ban secured hereby. ~ blo~tgag~e sha:i 'rcm ti-ne to t~.m.e not~fy mortga~or in w~it:ng of the arrou~t d~e and payabte hereundar and such sum shail thereupon be due and i ~ ~ :yable on the due da!e of ihe next mo~ti+:y p~yment and each success~ve month thereaftcr u~.til mortgagee shall notify mortgagor of a change in such ~ ovnt_ Such sums st~a:l be app'i~d by mcrtgogee to.vard the payment of reai property taxes, insurance prem.ums, a~td mortgage guaranty insurance :remiumS. t ~ M!'/ITNcSS VJN~REOF, the said !UtORTGhGOR has hereunto set iiis har.d and seal the day and ye r firsf ato~esaid_ A ~ Signed, $ealed and detivered in the presence of: JI ' Q~-• al) Gordon J. Mun k ~~aq ~ - (5ea4 ; c ' ' Geor~e . $1th (seal ~ ) 5~:+7 OF fLORIDA t CJJNTY OF St. Lucie j ~ Before me personally appeared~rdOn J• ~"~~yak~ d single dC3111t and George g. $S~t~l~ 8 single adtlit to me well known and known to rt+e fo be ' ~a individuals described in and who executed the foregoing instrument, and acknowledged before me that they executed the same for the purposes rherein expressed. ~Md ~he-Mid - 1a.ofih~s~~d - urma a ae~arafe and dvs~ ~,~.~;,,~,;,,,r.~,-,,,~-~,~eT a~„ar~an~ ~apan-~ro~,-t,~r~a ~,~ssa~a, acKnowZe3gea'to an3 Tae-'Fore me fhaf s~e exetu~ea saT inshument fieely an~vorun- ~ :r;.~~x~acL~~tboui~ov-~'sP~+ic~n..conuc~~atrappsc ~~«.~.e..~~.-~.~a,~.-.~;~~"~- March - 74 WITiVESS my hand and off~cial seal this day A. D. 19 ~ ~"~BU~~ ~ .c " E=, a ~ ~ ~ Notary Public in and for the Stat , f F{ori at large _i f~£ ; t• n E / My Commission expires: C~ Ret~rn To: ~:/~i~ ~ v ~l-~- ' § . ~~le~t~r l._~ 9- /l ~ ~ first Fedrral Savings 3 Loan Association ~ t T=.p$ ~ Qf Fcrt P:.~rce. Q`Fi~ffcA ;''ll.~Q~ ; ; - For. P:erce. F{or;da j ~ I ~f - 'w~.~a+r~+r• ~ ,1~ 't J ~ , ~L ' ' • i ~ M~ [l 1~C PN'~~ ~w J; ~ _ ~ ~ '~c.0 r,t ~ ; ~ ~ : ' ' _ This Instrument Prepared By JOhfl W. COIIli1S : ~o_ r ' ~ First Federal Savings & Loan Association ' i of Fort Pierce~ Rlorida L'~' ~ ~ E _ ~ . ~ Checked By ''~i ~1~~ ~ ~ ~i - I~~,~~n~~~~~ ~ T ~~~~..+I.~! ~~i ~ t. , • _ _ - - - _ _ - - _ _ ~ ~ q 5 y ~ ~ ' ~ ~ `-yg , ~i " _ °~~a'~}~ ; . _ - sa. _ _