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Home My WebLink About0134 3. To plac~ and continuouily ke~p on ~Ae bui!dings now a hareaft~r ~ituats on said land +r~d on Mu'W*~eN and personally cov~rsd by this mwt~ ag~, with all premiums theraon pa~d in lull, fire iniurante i~ Ihs uiual s~andard poiicy fam, in ~ tum ~pp+oved by tM MORIGAGEE. and windslwm ~nw~~nc~ in tF?e uswl ~tandud poGcy 1am, in a wm ~pprov~d by ~M MORiGAGEE, in tuch comp+~Y or companies as ~he MORTGAGEE maY dirac~t ~nd atl i'a~ u+d wind~~orm insu~u~c~ polides on +~y of u~d build~nps, sny interest thuein or parl thereoi. i~ 1M a99reqa~e ~um afaesaid w 4 i~ txceu Ihereof, sMll contain tM uswl standa~d matgapee clauss or wch atF~ clau~ ~s tM Mat9+gee n++y requrt~, maMiop the Ios~ under sa~d poli~ , cie~, each aod evay, payable to s~id MORTGAGEE ~s ~ts I~te~eit msY ~ppsa~. u+d each and every svch policy ihall be promptly au gned and detivered to any hsld by said MORTGAGEE as tur~her security to ssid matpsye debt, and, no1 leu tMn ten i~01 days in sdvanca of the expira~ion of each policy. ~o d~- liwr to uid MORTG~IGEE a ~enewaf thereof, to~e~h~t with a rateipt fw the premium of tuch renewal; and there shsll be no fire or wi~ditorm i~~urante pl~ted on H+y of s+id b~ildings, ~ny interetl therein a part thereof, ~nless in tFN iwm and with tF+~ loss paYable as a(wesaid; and in the evenl any sum of nwney beca++es p+Yable unde~ wch polity or polKies said MORTGAGEE shall havs 1hs option to receive and spply the same on accounl of the indebted- ' neu securtrd haeby w~o Permit said MORTGAGORS to reteivt at~d ~se it or a~Y Pa~t thereof for other purposrs, wi~hout Iha+ebi wai~i~~g o~ ~mpd~~- ~ ;ng any eq~;ty, l;en or righl ue~de~ w by virtue of this morsyags: u~d in Ihs ~vent w~d MORTGAGORS shall fw any reawn fail to keep the said premisrs io t~ in:ured, o~ fail ro deliver promptlY a~Y of said policies oi inswance to said MORTGAGEE, or tail promptly to pay futty any p~e~nium therefor w i^ a^Y . r reapett fail to perfum, discharge, execute, effed, complete, comphl wiih ~nd abide by thii cove~ant, or sny par~ he~eof, said MORIGAGEE may p~sce and fu l amou~ of eacrh and every s~iitrh,payment ihah 11 ~ aiv~~iatelyfdwnand paYablesnd shallubear inte est frome the dateVthereoffuntil pa d~ at the ~ate~ol n~ne per centum pa annum and together with such inte~est shalt be secured by the lien of thif mo?tgsge• 1. To permit, commit or suffer no waste, impairment w deterioratan of said property w a~y p+~1 thereof. 5. to pay ~II +~d sirgulu the costs, charges and exper?ses, including a reasonable attwney's fee and costs of abstrads of title, incurred w paid at any time by said MORIGAGEE, becauu ot in tF?s event of the f~ilure on the part of Ihe uid MORiGAGOR to duly, promp~ly and fully perfam, d~xharge, execute, efiett, compkte, comp~y with and ab:de by each and every the stipulations, agrcemenri, conditioni. end covenants of said pronussory note and this mwtgaye any a either, and said cosn. charges and expenses. each a~d every, ihall be immediately due and payable: whether or not tht~e be notice de mand, attempt to colletl or ~uit pending; and the full amount of eath and eYery s~th payment shall bear interest from the dste thereof until paid al 1he rate oi nine per centum per aruwm; and all said costs, charges and expenses inturred or pa7d, together with such interest, ihall be secured bY the lien of thi~ matyage. 6. That (a) in the eva+t of any breach of this JNortgage w defaul~ on the part oi the MORTGAGOR, a(b) in the event any of ssid sums of money herein referred to be not p~omptly and iully paid within ~hirty (30) days next after the same severslly becw*~e due and payable, wilhovt demand w iw~'~e• or (c) in the event each and every 1he stipulations, agreement:, conditions and cove~ants of said promisswy note and thia mottgage apy w cilhe~ are not 3uly. prompNy snd fulty perfwmed. d;xharged, executed, eifctted. comPleted. complied with and abided by, then in either w any sucA event the said a¢ gregate sum menYaned i~ sa+d p?o+n~sswy no~e then remaining ~~paid, with interes~ scuued, and all moneys sec~red hereby, ihall become due and psy- able fwthwith, or tixreafter, at the option of taid MORTGAGEE, as fully and completely as if all of the said wms of money were w~gins~ly st~pulated to be pa~d on s~rch day, anything in sa:d promissory note or in this Mortgage to the contrary notwithsfsnding; and thereupa+ o~ lhereafter a~ the option of said MORTGAGEE, without twtica or demand, iuit at law or in equity, therefore w thereafter begun, may be Proaec~ted as if all moneys setured hereby had marwed pnw to its ir?stitution. 7, That in the event that at the beginning of or at any time pending a~y suit upon this Mat9age, w to fweclose it, w to refwm it, w fo enfo?ce payment of any claims he~eunder, said MORTGAGEE shall apply to the Gour1 having jurisdiction thereof fo~ tF?e appointment of ~ Receiver, such Cou?t shall forthw+th appoint a receiver of said mortgaged property alt and s~~?gular, intlud~~?g all and singutar the income, profits, iuves and revenues from whatever source derived, each and every oi which, it being expressly understood, is hereby mortgaged as if specifically aet fath and dewibed in 1he yranting and habendum clauses hereof, artd such Reteiver shall have all the broad and ef(ective funct~ons and powers in anywise entruated by a Cour~ to a Receiver, and c~ch sppointment shall be made by such Cou+t ss an admitted equity and a ma»er of abwlute righ~ w said MORTGAGEE, a~d withovt reference to the edequacy or inadequacy of the value of the property mor~ga9ed or to the sorvency or insolvency of said MORTGAGOR or the defendants, and ~hat such rents, profits, income, iuves and revenues shall be applied by such Receiver according to the lien or equity of said MORTGAGEE a~d the practice of such CouA. 8_ To d~iy, prompiiy and fuify perfwm, diuharge, execute, effect, com.plete, comp~y with and abide by each and every the stipulations, agreements, conditions and coveoants in sa~d promissory note and this mortgage set fath. 9. 7hat in the event the ownership of the mortgaged p?em~s~s. or a~v Pa?t thercof, becomei vested in a perwn ofher than the MORTGAGOR, the htORTGAGEE, its succeuors and assigns, may, without no~ice to the MORTGAOR, deal with such successor w successor in interest wi~h reference to this mo~tgage and the debt hereby setured in the same manner as with Mo~tgsga without in any way vitiating or discharging tF?e Mwlgagors' liability F?e?r under w upon the debt hereby secured. No sate of the p~emises hereby mortgaged and no forbearance on the part of the MORTGAGEE w its successors or a:signs and no extension of the time fw the payment of the debt hereby secured given by the MORTGAGEE or its successors or assigns, atiall operate ro release, discharge, modify change or affect the original liab~lity of the MORTGAGOR herein, either in whok w in psrt. 10. It is specifically agreed that time is of the essence of this contract and that no ws'rver of any obligation hereunder or of the obl'~gaYw~ st cured hereby shall at any time thereafter be held to be s waiver of the terms hereof or of the instrument setured herby. I1. In add~tion to the forego:ng monthly payments of princ'pal and interest required by the p~om~ssory note secured hereby, mo:tgagor tovenants and agrees to pay to mortgagee with each monthty payrnent an additional sum estimated by mwtgagee to be equal to 1 j~12 of the annual cost of the follow- ing: A-All real property taxes levied w assessed against the above described real estate. B-Premiums on fire and windstorm insurar.ce as herein requ~red to be carried on the improveme~ts sitvate on the above desctibed premises. C-Premiums on such mortgage guaranty insurar~ce as mortgagee shall from I~me to time deem fit to tarry on the loan secu~ed he~eby_ I i Mortgagee shail from time to time notify mortgagor in writing of the amount due and payable hereunde? and such sum shall thereupon be due and E payable on the due date of the next monthly payment and each successive month thereafter until mwtgagee shall notify mortgagor of a change in such f amount. Such sums shall be applied by mortgagee toward the payment of real p?operty taxes, insvrance prem,ums, and mortgage guaranty insurance ~ premiums. IN WITNE55 WHEREOf, the said MORTGAGOR has hereunto xt his hand and seal tFx day and year first afaesai~ Signed. Sealed and delivered in the presence of: ~ J ~ ary a n (S~aq e en c a csean ~ r ~ .l 57ATE fLORIDA ~ SS. COUNTY OF eera~ personally appeared Nathan D. Reiehairt a~d Helen Reiehart his wiie, to me well krawn and known to me to be the individuais desu~bed 'en a~d who executed the foregang instrument, and acknowledged before me that they executed the sarrK for the purposes therein expressed. And the sai Helen Reiehart ; wife of the said Nathan D. Re iehart upon a sep+rate and privat~ ~ exam~~ation by me taken separate and apart from her said husband, acknowledged to and before me that she executed said instrument freely and volurr rarily a~d witho~t any compulsan, constraint, apprehension, or fear of or from her said husband. .~1. WITNESS my hand and offidal seal this ~ G day of A ril a 191 ~ ~ ~ ' , / Notary Publ'K in and fw the St ~ of fJori af 'Gcy~ ' ~ ~~j My Commisiwn expires: J. %Jf•~ ry~ ~ - Retum To: '~/v~ ~jo3 - ~ = first Federal Savings 3 loan Association = ~ _ Of Fort Pterce_ ~ ~ • G ~ ' ' Fort Pierce, Flo~ida ~ = • f L~ ~ ~ ' ~ . . . ~ t;~ ` 3 - 6~ ! ~ Y _ R~~ . ~ , This Instrument Prepared By Galy F. ~1~tood81ERK ~R~F~B 4 u~ First Federal Savings 8 Loan Association RECORO ~f - of Fort Pierce , ~'lori3a ~ 10 ~ ~ Checked By ~ BOOK~ / PAGf .~.th~ csw _ _ _,..~..t;~r-. - - - . ~~.R - s~'~:F==::- :