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Home My WebLink About1438 3. To plac~ and continuously keep on the bui:d~igs naw or ~e~eafte~ ~ituat~ on sald land and on all equip~ncnt ~nd penon+lly covered by /his mat~ sge, with all premiums thereon pa~d in full, hre inio~ance in the usual srandaid po!~cy form, in s ti~m approved by the MORTGAGEE, and w~nds~orm insurinco in the uiual standard pol~cy (o~m, in a aum approved by the MORTGAGEE, in wch compa~y or compsn,es the MORTGAGEE may d~rectj and all firs and w~rulsto~m insu~ance po~Kies on any of said build~ngs, ~ny interest therei~ or part thereof, in th~ agg~ey~t~ ~um afptiaid o~ in extess lhereof, shall co~tain tha usval standard mor~gagee clause or such o+hn dause as Ihe Matgagee may requ~r~, ma?irg the 1wt unde~ ss~d poli~ ues, each snd every, payabte +o said MORTGAGfE as ~~s interest may appear, ar.d each and every such pot~cy ihall 1x promp~~Y au gned and delive~rd to any held by said MORIGAGEE as fu~~he~ security to uid mortgage debt, a~d, not less than ten (10) days in advance oi the expirstion of each polity, to d~ I~ver to ~sid MORTGnGfE a renewal thereof, together with s receipt for the p~en~ivm of such renewal; and there shall be no fire or winds~orm insuran~r pleced on +ny of saW build3ngs, any intereat thrrein w par~ thereo(, unleia in the form and wi~h the lou payable ai atoresaid; and in ~he event any ium ~ of money becomes payabte under iuch policy a pol~cies said MORTGAGEE shall have the op~~on ~o receive and app~y the same on account of the indebied~ r~ ness secu~ed hereby w ~o perm~t aa~d MORTGAG(~RS ro receive and ~se it or any part the,eof for otner purposrs, .ti~~hout th:~~o~ wa~~~~~g e~ ~~»Pe~~- p ing any eqviy, I~an a right under w by virws of this morfgape; and in the event w~d MORTGAGORS shall for any reason fait fo keep the s+~d p~em~srs w . tnsured, or fail to delivar prompfly any of said po~icies at i~surance to said MORiGAGEE, or fail promptly to pay fully any pre~»~uin therefp or in a~y re:pect fail to perform, d~scharge, executa, effea, ca~~p~etr, compfy with and ab~de by ~h~s covanant, a any part he~eof, said MORTGAGEE may pl~cs ~nd pey fa iuch i,uurance o~ any part thereof without waiving or affecting a~y option, lien, equity, o? right under or by vi~tue oF this Moctgage, and tht ~ ~ f~ll amount of each and every such paymem sh,~il be immediately due and payaGle and shall bear interest from the dafe thereof until pa:d al the rate of . , ,~~r.e p~vi centum per an~~m and to~ether with such interest shati be sec~red by the lien o1 this rt+ortgage. i i 4. To permi?, commit or suf{er no waste, impairmenl or detrrio~ation of said property or any patt thereof, r' i 5. To pay all a~d singulsr tM costs, clwrges and expe~aes, in:fud~ng a reasonable attarney i fee and costs of abstracts of title, incurred w paid at • • any ti~r.e by said 1NORTGAG:E, because a in the event of 2he faiiure on the pa~t of Ihe said MORTGAGOR to duiy, promptly and fulty pe+form, d~scharge, execvte, etfect, complere, compty w~th and ab:Je by each and every the stlpu~aiions, agrrements, conditior.s, end covenants of said promissory note and thi~ morrgage any or eitAer, and sa~d. costs, charges and expenses, each and every, shall be immediately due snd payable; whether or not 1he?e be not~ce do- mand, atternpt to co~ied or suit prnd~ng; and the full amount of each and every such payment shatl bra~ interes~ from the date thereof until paid at the _.~c of nme pe~ centum per ar.nu~~; and alt aaid costs, ch.arges and c:xpznses ~ncurred or paid, togelhrr wuh such interest, shall be secured by the lieo of thif mortgage, 6. That (a) in the event of sny breach of this Nbrtgage or defau!t on the part of the MQRTGAGOR, w fb) the event ~ny of said sums of money hrrein referred fo be not prompdy and futly paid within th:rty (30) days next r:~e~ '`~e same severalty becort~e due sod payable, without demand or notite. or r~~ thr event each and every the stfputaric~s, agreement~, co~d~+ions an~: co~enants of sa;d promiuory no~e aod thls mortgage any w either are not i;,;y, promFtly and fully pe~forrned, d~scharg•_d, executed, effected. completed, comptied w~~h and abided ~iy, then in either w any suth event the sa~d ag y~e9ate sum menrioned in said pranissory note then remaining unpaid, w~th interesl accrued, and a11 ~noneys secured hereby, shall become due and p~y- ab e forthwith, or thereafter, a1 the opr~o~ of said MG2TGAGfE, as futiy and comple~ely as ii all of tlx sai~ sums of money were originally itipuiated ro be pa:d on svch day, anything in sa.a pro:n~sscry note or in this hlortgage to the convary rtotwithstanding; and thereupon w thereaftrr a1 ihe option of ss d MORTGAGEE, v.~theut not~ce o. demand, suit at iaw w in equity, therefore or thereafier begun, may be prosecuted as if all moneys setured hereby c: d matured pr~or to Its inst~tution. 7. That in the event that at the beg;nn:ng of or at any time pend~ng any suit upon tfiis Mongage, w to fweclose it, or to refwm it, or to enforce .m.ent of rny da~ms he~eunder, said MORTGi.GCE shait apply fo the Court hav;r.g ~ur~sdiction thereof for the appointmtnt of a Receiver, auch Court shall ~~t~~vith appoint a receiver ot sa~d mo•tya~ed prepzrty a:l and s~~~ular, inc:~dmg ai1 a~~d sinaula~ the incame, p~oiits, issves and revenues from whatevtr s,::•ce der~ved, eatt: and every of wh:ch, it b.:ing cxpressly unde~s~cod, ~s hereby mortgaged as if apecificatly set torth and deauibed in the g~a~ting aad !:~b~~rdum c'auses hereoi, and such Receive~ aha~t have aG the broad and eiiective fur.ct~ons and powers in aoyw~se enfrusted by s Court to a Receiver, and s. _h appointment shafi be made by wch Court as an admitted equ~~y and a matter of absotvte right to said MORTGAfiEE, snd withoul reference to 1he _c:•:a.,scy or inadequacy oi the v~iue of the propcriy mortgaged ur to fhr so~venty o~ .nsoEvency of said MORiGAGOR or the dzfendants, and that such ~ ?~-:rs, prot~ts, income, issues ar.d revenues snall be app:ied by such Receiver accord~~~g to the lien or equity of said MORTGAGfE and the prattice of suth ~ Court. ~ 8. To duly, promp~:y and fuUy. perfo~m, distharge, ezecute, e~Tect, comp;ete, comNly with and abi~e by esch and every the stipulations, agreements, ~cnd~tions and covenants ~n said prom~ssory no!e and ch[a mortgage set forth. , 9. That in the evertt the oamersh~p of Ihe mortgaged premises, or any part ?hercof, 6ecomes vested in a person other than the MORTGAGOR, the i ~ ORTGAGEf, its successors ar.d ass~3ns, may, w~thout no!ice to the ~.'.ORTGAOR. deal w~th such successw or successor in imerest with refe~ence to this ~ o•tgage ar,d ihe debt F.ereby secu~ed in the sam. manncr as with Mortgagor withoul in ar.y way vitiating or distharging the Mortgagors' lubility here- ~~~:der w upo~ the debt hereby secured. fho sa~e of the p~em~se: hereby mortgaged and no forbearence on the part of the MORiGA:sEE or its successors ~ Gr 35Y9f1t and no ez~erts~on of the time for the paym.em of the debt hereby sewrrd given by the MORTGAGEE or its wccessors or aasigns, ahall operate ~ !o re~eax, discharge, mod~fy change or aflect the c~iginaf tiao~ii~y of the MORiGAGOR herein, either in wfiole o? in part. i 10. It is spec~ficatiy ag.eed that time is of the essence of this contract and that no waiver of any obligatio~ hereonder or of the obliyatiw~ se- j c~~zd hereby shali at any time thrreafter be held to be a waiver of the terms hereoi or of the instrument secured herby. 1 L In add.t o~ 'o the forego ~~g menth? f paym_nts of p-~r.c'pal anJ imere+: requ~.ed by the promissory no>e secured hereby, morfgagor tovenants , d agrees to pay to n:ortgagee ,+~ith each r:onth:y aay~nem an a:td.~~onal sum est:~ ated b7 mortgagee to be equal to 1~`12 of 1he annual cost of the foNow- A-All real propeny taxrs 'evied or ass>ss~d agai•ist thc above descri~ed real estate. ! B-Prcm~ur^.s on fire ~nd windstorm ~ns~,rance as Fe:ein r~~qu;red to be carried on the improveme~ts situate on the above described premises. i C-Prem~ua~s on svch m.orsg;ge guara~:~ ~nwrar,ce as mortgagce sha~t fro~r t,~re to time deem fit to carry on the ban secured hereby. ~ Mortgagee s!~a'~ '.rom time to t,me no~ifr mortgagor in writ,ng of ihe arr.ou~t due and payable hereundrr and such sum shall tAerevpon be due and ~ ,,r,b'e on rhe dur da!e oi the next n,c~thiy payment and ench succrssive month therea4ter ur,tii mortqagee shalt notify mo:tgagor of a change in wch 3 ~.:n:. Such sums sha~i be appi[ed by mcr+gagee to,vard the payment of reat property taaes, insurance pre~n.ums, and morlgage guaranty inwrance ~ .^:~~mS. . ~ IN ~'/IT"tESS WHER'cOf~ths se~d At~ORTGAGOR has 1~ereunto set his hand and seal the day and y ar fi~st afwesaid_ Si ~ ed, ' fed and deiivered in the presence of: ' r~~~ ~ Sean . ~ . s~•n cs~n ~ - ~ A 6 il _ 15eaq OF FLORIDA ~ S5. ~ ; ~ rar! OF __~t . ! -~x~ i a _ 1 BeEore me penonally appeared .IOSeD~l M C~C~O and Kathleen C iC 10 his wife, to me well known and known to me fo be ~ce i,~d~viduafs described in and who executed ~he foregoing instrumeM, and acknowledged before me that they executed the same ior the purposes •h_~ein expressed. And the said Kathleen C1C10 r. ~e of tF~e sa~d _ JOS ~~'1 M. C 1C 10 vpon a separate snd priwte am ration by me taken separate and apart from her said husband, atknowtedged to and before me that she executed said instrument frEely and volurr ~~y ar,d w~tho~t any compulsion, coostra~nt, apprehensio or fear of or from her said hutband. ~ tiYttNESS my hand and offic~al seal th:s-~~ day of June q, p, ~q74 ~ 3;: Notary Public .in and for the State of Florida st Large My Commisiwn expires: ~.Aei / ~Ji~ ~~d' ..~r~.r~.a. ~ Return io: ~,i~~~~~ Firsf Federal Savings 3 Loan AssociaY:on " v l ~I i~~~ir ~ Of Fo-t P.erc^. 1 ? i ~ Fort Pierce, Flcrida ~ J FILED ANU gEC~~~ED . ~ ` f = ~ ST.ItlCIE COUNT~ FLA. ~ ~ ~ ~ ~ ROCE~ FOITRAS _ : , ` '~G? _ ~ ~ : CLERK C~;'CUtT COURT ' This Instrument Prepared By GaYy F. Bllw pr, yf. ~~IEO '~r~~`;~ ~CO.... First Federal Savings 8. Loan Assouation ~ ~ ,c ~ ~ .4 ~ ~ of Fort Pierce ~ R lor id a f _ - . ~ • ,z. - Jur~ 11 9 4s AM 1+~ Checked By ~ ' E - . . . _ . - ~ ~ ,ai- ' 4 s -~"~~~',.k.. ~ ~ , ~ ~ ...'k . ~ , r ~~s°.~.~~~~~