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Home My WebLink About1782 3. To ptaca and coni~nuo~sly keep on the b::~'d~~:gs no+v o+ hereefter •~wate on said land and on all eq~ipmeN and persona~ly co•.cred by thi~ mo~tg- pe, with all premiums ~hereon pa~d in futl, iiro i~~su~.+~1ce ;n ine uwa! SIJ~1dd~tl PO~~Cy fo~m, in s wm approv~d by the MOR~iaAGEf, and w~~~di~am insur~nte ie the uswl standard po~~cy form, in ~ sum app~oved by ths MORTG~?GfE, in tuch compa~y or compan~e~ as ~he MORTGAGEE may d'uec~; and all fir~ and w~ndseo~m i~surance po~~c~as on any of sa~d buiid~~gs, any iMe~est therein or parl the:eof.•in ~he ag9rega~e sum aforesaid or ~ in exceis thereof, shall coNaio the usual ~lenda~d margagae dause w such o~her cisuss as the Mwiyeyae ~nay requ.ro, ma?ing the loss undr? fa~d pu~F • cisf, each and every, payabls to said 810RTGAGEE as ~ts inte~cel rr~ay appear, and each and evrry auch pol~cy shall be promp~~Y ass g~~rd a~~d detiver~d ~o ` my held by said MORIGAGEE at furlher sewri!y ro~aid mortgage debt, and, na~ leu than ta~ (101 days in advance ol the exp~rahon of each policy, to de- f liver lo iaid MORTGAGEE a renewal thereof, togethar with a race~pt Fa the p+emium of such ~e~ewal; and ~here ahall be no ~~re o~ w~~~dstwm iosuronce plxad on any o( said build~ngs, ~~y inieres~ there~~ w pert thereof, unless 7n ~he form and w~th the toss pav~~~e as aforesaid; and i~ the event any cum 01 moMy becanes payable undar such policy or pol~c;es sa~d MORTGAGEE ahall havs the opt~oo to recerve and epply the u:ne en accoum o( the indebted- ff neu setured he~aby w ro pe~mit sa:d MORTGAGORS fo retrive and use it a any 'pa~t ~he:cof io~ o~ix,r pvrpeses, .•.~~ho~t th_~. ~1 ws~+~~~9 a~ ~~»P~~r- ~ iny any equ~ry, (iee~ w right under or by virtue of Ihi~ morsgage; and in ~he ev~m w~d MORTGAGORS sha11 fw any ~eason (a~l 1o keep the said {uemisef so inaured, or lail io deliver p~omptly ~ny of said po~K~es of insurance to said MORiGAGEf, w iail promptly to pay futty any pre~»~um therefw or in any _ rospect fail ro pe~(o~m. d~scharye, execure, effect, completa, comply wi~h and abide by this covensnt, or a~5y pd~~ hareof, se~d MGRTGAGEE may p~xe a~~d J, _ pay (or tuch insurrnce o~ any pa~1 thertof wiihoul waiving a affecling any option, lien, equ~ty, o~ r~ht under or by viitue of this Morsga9e, +~d the full amount of each a~d svery wch paymem shail be immediately due and payable and shalt baar intrres? from the date thereof v~iil pa~d at the ra~e ol nine pet centum per annurn and to~ether with such interesr shall br sec~red by the lien of this mot~gage• To permit, commit or aufter no wasle, impairmenf w deter:orat~on oi said properfy or any Part ~he.eof. 5. To pay all aod sioguter the cos~s, charges snd expenses, ~nduding a reasa,able attwney's fee and costs of abstrac» of tiNe, incur.ed or pa~d at any ti~ne by sa~d MORTGAGEE, because w in ~he event oi fhe fa~lure on Ihe pa~t of the sa~d MORTGAGOR to duly, ptomptly and fvlly perform, d~uFwrge. axecute, effecl, comp~ete, comply with and ab:de by each and every the stipvlat~ons, agreanents, conditiona, and mvenants of sa~d promissory note and this mwt9age any o. ei+her, and ~a~d costs, cMrges and expenses, each and every, shall be immed~ately due and payable; wl~rther or not nc~re be notice de mand, attempt to coltect or suit pend~ng; ar.d thr full amount of each and e~e+y such payment shall bear interes~ from the date thereof until paid at the ~are of nine per centum ptr annu~o; and all sa~d co:ts, charges and eapenses incurred or pa~d, toyether wuh such interest, shall be secured by the lisn oi th~f mar9age. _ 6_ Tha~ (a) in the event of any b?each of this lNortgage or dafault on tM part of the MORTGAGOR, a;b) i~ the svent any of said sums of mo~ey herein refe?red to be not promptly and fuliy paid within thirty ~30> days nea~ after the same severa:iy become due and payable, wittaut deme~d a notice, or (c) in thr event each and every the stipu~atiw~s. agreements. cond+tions and covenanq of sa:d pro~nfsso~y note a~ed th~s mo~tyage any or either are not ~uly, promptly and fully perfwmed, d~scharged, ezecWed, eifected, comp:eted, complied wirh and a6~ded Sy, then in e~ther or any such event fhe sald ag- gregate sum mentioned in said promisso~y note ~hen rema~ning unpaid, with interest accrued, and all moneys secured hereby, shall become due and pay- able forthwith, w thereafter, at Ihe option ot sa~d MORTGAGFE, as fully and comptNely as if all of the said s~m: of money were or~g~nally st~pulated to be pald on such day, anything in sa~d pro:nissory ~te or in this Allortgage to ~he con~rary notw~thstar.ding; and 1F~ere~pon w Ihereafter at the op~~on of said MORTGAGEE, without notice w demand, suit a1 iaw w in equ~ty, thereiwe w thereafter begun, may be prosecuted as if sll moneys secured fiereby had matured pnw to ~~s instituhon. _ 7, That in 1he event that at the beginning of w at any time pending any suit upon this Mortgage, or to foreclose it, w ta ?eiwm it, or to enforce paymem of any ciaims hereunder, said A10RiGAGEE shal~ apply to the Gourt having jur~sd~ci~o~ thereof fw the appolntment of a Receiver, such Cou?t shall forthwith appoint a receiver of :aid mortgaged property alt and singular, includ~ng all and singular 1i~e income, prof~ts, issues end revenues from whatever source de~ived, each end every of which, i~ be~ng expressly unders+ood. ~s hereby mortgaged as if specificaliy set (orth ar.d described in the granting aod habendum c~auses hereof, and such Receiver shall have all the b~oad and effective iunU~ons and powers in anywise rntrusted by a Court to a,Receiver, and s~ch appointrnent shall be made by such Co~rt as an admittrd equity and a ma~ter of abso~ute rigM to said MORTGAGEE, and without reference to the adequacy w inadequacy of the value of the property mortgaged or to the so+vency or insolvency of said.MORiGAGOR a the defendants, and ~hat such rems, profits, income, issues and revenues shaN be appGed by such Rece+ver accurd~r~g Io Ihe iien or equity ob sbid MORTGAGEE and the pradice of such Coutt. 8_ To duly, promptly and futly perform, discharge, execute, ei(ect, comp~ete, comp~y w~th and abide by each and every the stipulations, ag~eementi, ccnditions and covenants in sa~d promiuory note and this mortgage set fw1h. 9. That in the event the ownership of the mortgaged premises. or any part thereof, becomes vested in a person orher than tF,e MORTGAGOR, the MORTGAGEE, its sucteswrs and ass~gns, may, w~thout not~ce to 1he ltM1ORiGAOR, deai wiih such successor or successw in interest with reference to thia mortgage and the debt hereby secured in the same manner as w~rh Martgaga without in any way v+t:ati~g or d~scharging the /1lortgagors' liability here~ under a upon the debt hereby secured. No sale of ~he p~eniises hereby mo~tga9ed and no forbea~ance on the part oi the MORTGAGEE or its successors or ass~gns and no extens~on oi the time for the paymer~ of t?,e debt hereby secured given by ~he MORTGAGEE or ~ts succeasws or auigns, shall operate io reiease, d~acharge, modify charx~e or affect the orig~na! f~a~~:~ty of the MORTGAGOR herein, either in whole or in part. 10. It is spec~f~caliy agreed that time is of the esser,ce oS th~s contract and that no waiver of any ob~igat~o~ hereunder or of the obl'gation se- cured hereby shall at any time thereafter be held to be a waiver of the tecros hereof or of the instrume~t secured he~by. 11 _ In addnion to the fwego moroh!y paym ~n+s ol princ pal and ir,t-rrest required by the promtsscry no~e setu~ed hereb~, mortgagor tovenants and agrees to pay to mortgagee with each mon?hiy ;.ayrrent an add~~ional svm ess~n:ated by mortgagee ro be equal t~ i;' 12 oi the ann~at cost of the follow- i n;3: A-Ali reaS property taxes tevle~ or assesc_d ~ga~^st sh~ above described vc•al estate. B- Pr.~r.~u:ns on fire and w6ndstorm insurar.ce as he:e~n r~~~red to be carrird on the im;;rovements s~tuate on the above described premises. C-Prern~ums on such mortgage guaranty ir.sura~.ce as mortgagee sha41 f:orn t.me ro tfine deem fis to carry on the loa~ secured hereby. Mwtgagee ahall from t~me to t;n,e norify mortgagcr ~n writing of the am.ount dve ard payable hereunder and such wm shall thereupon be due and i i.ayable on the d~e date of the next month:y paymeM and each s~ccessive month tnereafter ur.til mortgagee shall notify mortgagor of a change in such a~.:ount. Such sums shall 5e applied by mwtgagee to.va.d the ~ayment of real property taxes, insura~ue p~em:ums, a:xl mortgage guaraniy insurance f ~+rmiums. ~ IN Y1ITPJE55 L•,/HEREOf, the said M.ORTGAGQR has hereunto se! his hand and seal fhe day and year first a{oresaid. ~ Signed, Sealed and delivered ip the presence of: n/ J~~a~'w`„_ ~ ataLO~ rd 4 ~ _ ~tld H. Slush (s~an (Seah a rice us e tseaq 5 ~ TATE F FLORIDA' 1 S5. couNn of St. Lucie i Befwe me perwnally appeared ~onald H. Slusher snd Beatrice SIL1S~1@Y his wife, to me we11 known and known to me to be the individuafs described in and who executed the foregoin9 instrumeM, and acknowledged before me that they executed the same for the purposes rhere~n expressed. And the said Beatrzce SlusheY wife of the ~~a - onald H. Slusher upon a separate and privste eraminat~on 5y me take~ separate and apa~t from her w~d husband, acknowledged to and before me that she executed said instrument freely and volun- rarily a~d without any tompuls'wn, constraint, apprehens~on, w fear of or from her said husband. WITNESS my hand and offic~al seal this_ ~'~~J day of ~ZCh -J A- D. 19 74 Notary Public in and for t tate of Florida at Large My Commission expires: ~ Return To: ~ ~ First Federa! Savings 3 Loan Associat:on NMary 1ub5c, Sfoh e/ f~prido p~ ~a~ ~ ~~y ~~i~ ~ Of For! P:crce. Mr Comm:ss:oa Ex na . Pi OcR 30, 197i _ ? ~ ~ for: Pierce. Ftorida 8o?.d,d by Air-.i;~~ Rre a Cosvolfp G', • y~• t _ ~ ~ ~ a _ -,d•: ;r•: ~t co~OED - ' . - ~ _ - fILEQ~~~':~t1NtY EU• - ~ i This Instrument Prepared By J~ H. Roberts, Jr~T~~~ "~~t`RAS ;;,i~. ; ~ First Federal Savings & Loan Association Eh~ ~i;!j ~~~R7 ,'}s ~ y • O: o f F o r t P i e r c e, Florida ~c- =~=~~r"~~ Rf CbF ~ t - Checked ey ~ ~ .7 Qy 1~ R ~ 2~782'7'7 $oo~ ~25 ~ i??9 " ~ ~ . _ , . -M~ a ~ ~ - _ $ ~ _ ,_.~xy~_.-, .u-._