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Home My WebLink About2469 3. To plac~ and cont7nuously keep a+ ~he bui:dmgs now a herraiter i~wat~ on ~aid land and on ~fl equipmenl and per~o~ally tove~ed by Ihif mat~ sQ~, w~~h •II p~emivm~ thercon pa~d in 1v11, f~ro ~~~w~+^ce u+ ~he usuel sta~xlard po~rcy fam, in ~•um •pproved by th~ MORiGAGEE, and w~ndstam insu~anc~ in IM u~wl f~andard pol~cy fwm, in • sum approvod by Ihe MORiGAGEf. in s~ch tompany o~ comW~~es ~s ~h~ MORTGAGEE may d~reu; ~nd all i~r~ and w~ndi~un+ insunr+ce poliues on ~ny of ~a~d build~np~. +ny 1111flf11 ~F1QIQiT Of par~ ~M~eol. in ths sygrey+~e •um ~foreu~d a . in ~xceu tF~e~eof, ~hall conrain ~M ~~us~ standard ma~gagae c~au~e a such o~ha claus~ as ~h~ Nbrtpagee may ~eq~i~~, m~king ~he ~osf unde? ta~d polr c~es. exh and every. paYable to sa~d A\ORTGAGEE a~ ~IS ~ntere~t may appear, and each and avery ~uch policy thall b~ promp~~y au g~ed a~.d delivered ~o eny held by said MORIGAGEE as (ur~ha aecurity to said mw~9age deb~, and. ~ot tes~ tMn ten (10) days in advsnce of tF+~ exp~ration of esch pol~cy, to da live~ to said MORTGAGEE a renewsl Mercof, to~e~har with -a rece~pt fw 1he {xsmium of suth renawal; and ~her~ ahall be no f~r~ o~ winds~orm insuronce pt~ced on ~~y of said buildings, any inleresl ther~~o w part thereof, unleas in the farm and with 1M ~oss paYable as aiaesaidt a+d in the event any sum of money kxcomes payable under iuch policy w po~~cies teid MORTGAGEE ahall Mv~ th~ opnon lo receive a~x! +pp~y ~he s+me o~ acco~nt of the indcbiad- nesa secu~ed hereby a ~o pe~mit ia~d MORTGAGORS to recerve and ust i~ a any part ~herrof for other pwposes, wi~hout ~ha~cu~ waw~~.g o~ uupou- ing any equ~ty, lien pt right under or by virtue of this mo::ge9e; ~nd in 1hs event ssid MORTGAGORS shall fo~ any ~eaton fail to keep the s+~d Wemisas so insvred, or fail to del~ver p~omptly a~y of iaid policies of insurance ~o ssid MORTGAGEE, w fail promptly to pay fully any p~e~nium therefor w in s~y ' respec~ fail ro pcrfo~m, d~scharge, execute, eifec~, comp~ete, comp~y wi~h and abide by thif covenant, w anY pa~t hereoi, said MORiGAGEE may plsce a~d pay fx such insurance o~ any part thereof wi~hout wa~ving w~ffectiny any option, lien. equity. w r~9ht under w by virtue of ~his Mortgay~e, and the full amov~t of each and eve~y such payment shatl be im~nediately dve and payable and ihall bear interest from the date thereol until paid at the ~a~e ol nine per <entum per a~num and to9ether with such interest shatl tx secured by the lien of this mw~yage• ' i To pe~mit, commit or sufier no wasre, impa~rr~rnt a deterioration of said property w a~y part thereof. ~ 5. To pay all and aingulu the.costs, cMrges and expenses, including a reasonabb attwneyi fee snd costs of abstracts of title, incur~ed w paid at ; eny tirne by said MORIGAGEE, because w in 1he event of the (ailure on 1he part of the said MORTGAGOR ~o duly, promplly snd fully perfwm, d~xharge. 1 execute, effec~, comp~ete, comply w~th and ab:de by each and eve?y ~he atip~lat~ons, agreements, conditia+s. and covenants of said promissory note and ~his : mortgage any w e~ther, and said costs, char9es and expenses, each and eve?y, shsll be immediatety due and payab~e; whe~he~ or not the~e be no+~ce d~ i mand, attempt to collect w suit pend~ng: and the futl amovnt of each and e~ery such paymeM shail bear intercsf from ~he date thereof votil paid at the i ra~e o~ ni~e per centum per an+~um; and ail wid cosss, charges and expt~ses incurred or paid, together with such interesl, shall be secured by the lien of this ~ mo~tyage. , 6. TMt (a) in the eveM of any breach of this 1No+tgage w defauh on the part of the MORTGAGOR, or (b3 the event any of said wms of money ~ herein referrod to be no1 promptly and ful~y paid wiihin thi~ty (30) days next afte~ Ihe same severally become due snd payable, witho~t demand or notice, 3 or (d in the event each and every ~he stiputations, agrcements, conditions and coven~n?s of w;d promiuory note and th~s mortgage any or either are rw! ~uly, promptly and fully perfwmed, d:uharged, executed, effected, completed, compiied with a~d abided 9y, then in either or any such event the sa~d ag- i gregate sum mcntioned in said promisswy note then remaini~g u~paid, with interest atcrued, and all moneys secured hereby. ~ha~~ becwne dve and pay~ f able fwthwith, w therea(te~, at the option of said MORTGAGEE, as fully and comp~Nely as i1 all o( the sa~d sums of mo~?ey were wgi~elly tt~pulated j ro be p.~id on sucA day, anything in sa:d prom~sswy note or in this Mwtgage to the co~~rary notwiths~andi~g; and thereupon w thereafter at the op~~w+ of sa;d MORTGAGEE, without ~otice or demand, suit at law w in equity, thereiwe or lhereafter begu~, may be prosetuted as if all rtwneya secured FKreby nad matu~ed pnw to ~ts institut~oo_ 7. That in the event that at the beginning of or at any time pH+ding any suit upon this Mortgage, d to fwecloss it, or to ~eform i1, or to enforce payment of any tlaims hereunder, aaid MORTGAGEE shail apply to the Court having jurisd~ttion thereol fw 1he appointmenl of s Reteiver, such Co~rt shall forthwith appoint a receiver of said mortgaged propeny all and singular, includ~ng all and singular the income, p~olits, issues and revenues from whatev~r sovrce derived, eath and every of wh~ch, it be+ng expressly unde~srood, is hereby mw~gaged as if speciiically sN fath and deKribed in the g~anting and habendum clauses hereof, and such Receiver shall have alI the brwd and effeUive fund~ons and powers in anywise entrusted by a Court to a Receiver, and s.,ch appointment sha~l be made by such Cowt as an admittrd equity and a matter of absolute right ta said MORTGAGEE, and wi+hout refererxe to ths adequacy o~ ~oadequacy of rhe valve of the property mortgaged or to the so~vency or insolvency of said MORiGAGOR or ~he defendants, and that such ren~s, profits, income, issues and revenues shatl be appiied by such Receiver accord~ng to the lien w eqvity o( sa~d MORTGAGEE and the practice of such Court. 8. To duty, prompt!y and ful{y pe+form, discharge, execute, e(fect, tomplete, comp~y with and abide by each and every the stipvlations, agreemenri, . condifaru and covenants ~n sa~d promissory no~e and this mortgage ut (orth. 9. That in the event the ownership of the mortgaged premises, w any part the~eof, becomes vested in a person other than the MORTGAGOR, the M.ORTGAGEE, its successors and assigns, may, without notiie to the MORTGAOR, deal with such successor w sutcessor in interest with reference to thia mo~tgage and the dc6t hereby secured in ihe same manner as with Mortgagor withoul in any way vit~ating or d~xharging tix Mwtgagors' liability tkre- under or upon the debt hereby secured. No sale of the Fremises hereby mortgaged and no Iwbearance on the part of the /~IORTGAGEE or its suctessors or ass~gns and no extension of the ti~ne ~w the payment of the debt hereby secured given by the MORTGAGEE or its successus w au~grts, s~iall operate ~o release, d~scharge, ~nod~fy change or aftect the original Gab]~~ty of the MORTGAGOR herein, eitFxr in whole or in part. 10. It is specifi:a~ly agreed that time is o( the essence of this contract snd that ra waiver of ~ny ob~igation here~nder a of the obligation tr c~red hereby shall at any time thereafter be held to be a waiver o4 the terms hereof a of the instrument setured herby. 11_ In add:~io~ to the"fwego:~g monfh!y payments of princ pal and inte~est required by the prom~sscry note secured hereby, mortgagor covenants ar,d og~ees to pay to r.w~tgagee w~th each monthly payr:~ent an add~rional sum esumated by mortgaqee to be equai to 1 j 12 of the annual cost of the foilow- ~ n,j: A-All ~eal property taxes levied o~ auessed aga~nst thc above described real estate. B-Premiums on Fire and wir.dsto~~n insurarce as he~ein requ~red to be ca.ried on the improveme~ts s~tuate on the above destribed p~emises. C-Premiums on such mortgage guaranty insurar~ce as mortgagee shail from t~me to ti,ne deem fit to tarry on the ioan secured hereby. Mortgagee shatl from t]me to tlme notify mortgagor in writing of tfie arr.ount due and payable hereunder and such sum shall thereupon be due and ' ~.3yabte on the due oate of the next monthly payment and each successive month thereafter ur.til mwtgagee shall notify mortgagor of a change in such ~ 3~•~ount. Such surns shali lx app+ied b o~tgagee toward the pa~ment of reai property ta:es, insurance prem.ums, and mortgage guaranty insurance ~ ~~emiums. { IN WIiNE~S 1'JHEREOF, the sai R AGOR has hereunto set his hand and seal the day and ear first af euid. ~ 5' Sea a deti ed in nce ofe ? an ~ Jos h O. LaBonte a sin le ~ult - ~an ! aq } - ~ STATE OF FLORIDA ) ~ f St. i-ucie ~ ~OUNTY Of ~ Befae me personally appeared Joseph O~ ~BO!'1t@. a 8~1'1Q1@ adllit siia i~i~~ife~ to me well known and known to me to be the individua! desuibed in and who executed the foregoing instrumeM, and acknawiedged kxfore me thai he executed the same for the purposes rherein expressed. R.ad.1~~ wifr ~ ~M ~ai~ e~e~,tr,e~la.bt,ne+ake~,~epsrs~e~nd-aPer+'i+e?+rf~e~~esd~hNbend;~~enoh?teeyeo-~e~br~ur~n+e~A~srsl+r-e~ae~er~sa~d~1 ~ ~err ~ re~Ay~and~r~+ht~et~sn*~trpdsR~n~censeehK,~pprehlr~seT~'~errof~YlRetTMlTS~+1tl'4fESDStid. da of APr i 1 _ A D. 1 q 74 WITNE55 my hand and official seal this_ Y Gu/~ ~ No!ary Public in end fw the Sta of Florida at large y_- My Comm~ssion eapires: ` V 3 O (Q ~ Return To: ' ~~r' . ~ Fint Federal Savings 3 Loan Association +.'~~i.~.`~~~+~. Of Fort P~erce. ~ ~i~ ~i / / Fori Pierce. Florida r ~ •~~i Fllf: . ~~~.,~o : ST.Lt)C: ~J's1~iY FLA. '.a i~~b'/~ ~ ~~7;, ~ =:•~T~~S ~ - . C" ~ - cL~F;,', •.,;~~T c~vat _ ~ f~, _ = This Instrument Prepared By J. H. Robezts JY. - . ' , V ~ = ~ ~ First Federal Savings & loan Association . , ~~4 y_ ~ of Fort Pierce , Flozida ~R 5 9 56 AH ' ' ^ . . • ~ J ~JJ Checked By 2'78'7~9 BOOK~S PACEL~~J • ~ " dz - - ~ - - _ - ~~-~~',:fi F~~ ~ ~ ~rv=~- . ~ _ - ~ ~ ~y~~ ~ i . _ _ ~ m