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Home My WebLink About1388 To plate and coroinuo~sly ktep on the bu~'d~ngs now or hereafter ~~tuete on sa~d ~and and on al~ equiyn+ent and persona~~y covz~~~d by thif mortg- ags, w~th sll p~em~ums thrre.x~ Na.d ~n futl. Lre insu~a~ue ~n ~he us~al s~enderd po'~cy form, in a s~m appro+rd by the MOR~c,hGEE, and w~ndztorm inwranc~ in the usual •tandard pol.cy fo~~n, in a aum approved by the MORTGAGEE, such cornpany or comNamcs at tha MORiGAGEE may dirett; ~nd all fi~e and w~ndstorm fnwrance po6urs on any o( •aid build~oys, any intereat therein or part ~hereof, in ti~e a~g~cyste s~m afores+~d w in eacess lhercof, ~hali cun~ain the uwa~ ~fandard matgagae dauie w such oiher dauie +f Ihe Mort9agee mey req~~r~, meM~ny the ~oas ~~~Jrr ta~d po~N • cies, each and every, payabte ro sa~d J~~ORSGAGEE a~ ite intere~t may appear, and each and eve~y such poi:cy shaU t~ pro~oy~ty ass gned a~d deli+ered ~o any held by said MORTGAGEE as (ur~he~ secunty 1o se~d mo~tgage d.:bt, and, ~o~ less ~han ten (10) days in aJvance oF the eapirat~on of each po6cy, ro da liver lo iaid MORiGAGEE a renewal the~eo(, toge~her with a rece~pt fo~ Ihe premium ol tuch renewal; and there shall be no hre or windsto~~n inwrence ~ plated on any of said building~, any imcrosl lherein a pa~t ~hrreof, unles~ in the form and with the lons payable as aforosaid; and in 1he eveM any sum oi money becon+es payable under such policy w pol~cies sa~d MORiGAGEE shaU t~~ve ihe opnon to receiva and appty the samo on accovn~ o( Ihe indrbtrd . ness SeCUred hO~eby W to plrmit said MORTGAGORS to ~eceive and use it Or any parl thrreof fo~ oti~cr {:urtosrs, v.~~ho~t ~h_r,u~ :wrv~n~ ~~~=p~~r• iny any equAy, lien or ri9ht under or by virtue of thi• mo:tgage; and in 1he •vent u~d MORTGAGORS shaH fw any reason (ail to keep ~he sa~d premis~_s so . i~ewcd, u fail to deliver promp~ty any ot said policies of insurance to said MORTGAGEE, or Fa~t promptly to pay lutty any prenti~m therefw or in sny ~espect fail to perfwm, d~scharge, execute, effect, compbte, comply with and abide by th+s covenant, or any perl heroo(, sald MIiRTGAGEE may p~ate a~~d ; : ~ pay fw such ~nsurance or any part thereof w~thout w~iving w a((ecting any option, lien, equ~ty, or .;gM under w by v~~rue of this Martgage, and the ~ full amount of each and every such paymeN shall be immed~stely due and payable and sha? bear interesi 1~om the date thereof until paid at the rate ol , nine per tentum per ann~m and to~rther wifh such interest shal~ tx secured by Ihe lien o( this mwtgsgo_ , 4. To permit, tommi~ or sufier no waste, impairmeN w deterioret~on of sa~d praperty w any pert thcreof. S. To pay all and singular the costs, charges and exFx~ses, indud'en9 a reasonable attomey's (ee and costs of abstrads of title, inwrred or paid at any time by said MORTGAGfE, because or in the eve~t oi ~he (a~lure on ~he part of ~he said MORTGAGOR to dvly, pranpuy and iully peiiwm, d~scharge. execute, effect, complete, comply w~th and ab~de by each a~d every the stipulations, agreen,ents, conditions, end covenants of sa~d prom~saory note and fhis matgage any or either, and sa;d costs, chargea artd expensrs, cach and every, shall be immed~atety due and payabie; whe~her w not ~here tx ~otice d> mend, attempt ro cotlect or suit pend~ng; and the full amount of each and every such paymrm shall bear inferest from t1~e date thereof unti{ paid ~t Ihe rate of nine per cenwm pcr annum; and al: sa~d costs, chargea and eapenses ~nturred er paid, toyether w~th such imerest, shall be secured by the lien oi th~s mwtgage. 6. That (a) in the event of any breach o! th~s Mortgage or default o~ thc part of the MORTC,Ai,v~, or ioj i~ i~e eve~~1 any ~f so;.i suTS af crtinay herein referred ~o be not promptly a~d fully paid within th~~ty (30) days next atter the same severa!ly betome due and payable, without demand or noticc, or (c) in the event each and every the stiputations, agreements, condit~ons and covenants of sa;d p~omiswry note and th~s mortgage any or either are not ~uly, promptly and (ully performed, d.acharged, executed, efFecled, completed, compl~ed wi~h and ab~ded Sy, then in e~ther or a~y such event the sa~d ag gregate sum mentioned in sai~ promisswy note then rema~ning unpaid, with in~erest accrued, and afl moneys secured hereby, shall Eecome due and pey- able forthwith, or thereaFter, at the opnon o( said h10RTGAGEE, as fully and completely as if all of the said sums of money were o~~ginatly st~pu+ated ro be pa~d on such day, anythirx~ in sa.d promissory note or in this Mortgage to the contrary notw~thstanding; and thereupon or thereafter at tht opt~on of said MORTGAGEE, without not~ce or demand, s~it at 1aw or in equity, therefore or therealter begun, may be prosecuted as if all moneys secured hereby had matu~ed pnor to as institution. 7_ That in the event that at the beginninq of or at any time pending any suif upon this Mo~tyage, or !o foreclose it, or to re(o~m it, o~ ta enforce payment of any claims hereunder, sa~d ~AORTGAGEE shail apply to the Court having j~nsd+ction thereof for the appo~ntment of a Receiver, such Court shail forthwith appoint a~eceiver o( said mortgaged property all and singvlar, inctud ng aIl and singular the income, prof~ts, issues and revenues irom rihatever :ource derived, each and every of wh~ch, it be~ng expressty undera~ood, is hereby mortgaged as if speGfically se~ iwth and dexribed in the granting a~d habendum c;auses hereof, ar.d such Recziver shaU have all the broad and effea~ve func~~ons and powers in anywise emrusted by a Court to a Receiver, and scch appointment shall be made by such Court as an admitted equrty and a matter of absolute right ro said MORiGAGEE, a~d wirhoul reference to the adeq~acy w inadequacy of the val~e of the property mortgaged or to the so;vency or inso:vency of sa~d MORiGAGOR a the defendants, and that such rents, profits, income, issues and revenues shall be applied by such Receiver accordang to the lien or equiry of said MOR~GAG[E ond the prattice of such Court. 8. To du!y, promptly and futty perform, d~scharge, execute, effect, comp~ete, comply w~rh and abide by each and every the stipulations, agreements, condi!ions a~d covenants in sa~d promissory note and this mortgage set forth. , 9. That in the event the ownership o~ the mortgaged premises, or any parl the~eof, becomes vested in a pe~son other lhan the MORTGAGOR, the MORTGAGEE, its successors and aas~gns, may, w~rho~t no~ice to the htORTG~OR, deal w~rh such wccessor or successo. in interest with reference to this mortgage and the debt hereby secured in the same manner as with ~Aorrgagor without in any way vit~atin~ o~ d,scharg~ng the Mortgagori liability herr under or upon the debt hereby sec~red. No sa~e of tne Frem6ses hereby mortgaged and no forbearance on fhe part of the I~IORiGAGEE or its successoro or ass~gns and no exrension oi the time for the payment of the debt he.eby secured given by the MORTGAGEE or its successors o~ ass~gns, a~~all operate ro retease, d~scharge, modrfy change or affed the orig~nal fab~Gty of the MORTGAGOR herein, either in whote or in part. 10. It is spec~fically a9reed thai time is of the essence of this contract and that no waiver of any obl~gat~on hereunaer or of the obligation se- cured hereby shall at any time thereafter be held to be a waiver of the terms hereof or of the instr~m~nt secured herby. 11. In add:tio~ to the fosego'ng month!y ;~aym~ms oi p:i~c pal and interest required by the prom!sscry no!e secured hereby, morigagor covenants and agr~es to pay to m.o~~gagee aifh each mon~hiy pay~ .eM an add<<ional svm esimared b~ mortyagee to be eqval to 1;" 12 of the ann~al cost of the 4otlow- iiig_ ~ A-A!I real property ta,ers le•~~~~ o. auesscd ag.~~•,st the above desc+ihed real estate. B-Grem~ums o~ fi~e a~d w~ndstorm ~nwrance as here~n req~;red to be carrird on the :mprovemeats situate on ihe above descr~bed premises. C-Prem~um.z on such mortgage gvaranty insurarce as mo*tgagze sha:i ficm t me to time deem fit to carry on the loan secured hereby. /1o~tgagee sha?I f:om s~:ne to time nctify mortgagor in vvriting of the amou~t dve and payable heraunder and auch sum shall thereupon be due and a ~.ayabfe on the due date of the next month:~ payment and each successive month thereaft~r ur:til mortgagee sha11 not;fy mort9agor of a change in suth ~ aniount. Such sums s~a:l be app!ied by mortgagee towa~d the payment of real property taxes, insurance prem:ums. a~~d mortgage guaranty insurance prem' ms. N WITNESS R OF, the za~d ORTGAGOR has hereunto set h;s hand and feal the day and yea first aforesaid. ~ Si n de~iver in e presente of: - errence' ee s, sing e ai~ult _ fSeal) ~ t (Seaq ~ _ (Seaq STATE OF FIORIDA ~ S5. COUNTY OF St . ~-t1C 1 e 1 Befwe me personally appeared TPrZE'riCP I, . Weeks ! a qlnn l o ad~~ 1 t ~Q IpC~Cto me well known and known to me to be the individual described in and who exetuted the foregoing instrument, and ackrwwledged before me 1Fwt he executed the same for the purposea--- rherein expiessed. _ . J43~ - 4~ ~ tw ~ WITNESS my hand and offi.~al seal this r~`' day of Aprl l A. D. 19 7'4 ~ ~ • ~-t,c~ Notary Publit in and for t tate of Florida et Large My Commission aapirex ~ ~ 3Qj 76 Return To: i First Federal Savings b Loan Associat:on ; 01 fort P~erte f ` ~ - Fo~t Pie:ce. Florida ~ Q~110 RE 0 ~ ~ ^ 5 Ep ppitRAS ~ , ~l ~ '~I ~ , :'=~z CLE~CIRCYI~ CO~IIY : ~ J ~ ~ a FlEO ' This Instrument Prepared By Ga ry . Fl lt~ood ~E~ ~ YE ' • l , , . ' . - First Federal Savings & Loan Association p a Ol ~i9 . -r"'' . .,3 of Fort Pierce ; Florida 33450 ~ ~i ~ , , - - . . QQ~~ Checked By L~- 2~j ~ aR ~138? ~s:: r~~ . . ~ - ~ _ e~~ ~ ~ - ~ _ _ _ ~ . , , _ .