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Home My WebLink About2041 ~ 1 ~ 3. To piace ~nd continuou~ly kHp an ths buildings rtow a Mre~ft~r ~~twt~ on said land ~nd on ill equipment and persenally tov~red by thi~ mort~- . t ~ age, with all premium~ thereon pa~d in fu~l, fir~ inturana in Ihs uswl ~undud po!iq fwm, in • fum approv~d by the MORIGAGEE, ~nd w~ndstam ~nsvr~nc~ in tM ~~ual ~t~ndard poliq tam, in •~um ~pprov~d by tM MORTGAGEE, in such tanpany o~ tompani+s ~s 1M MORTGAGFE may ~ d~recl; •nd all fir~ an~ w~nds~orm insuronte policies on aoy o( tsid buitd~~qs, ~ny inter~tt Ihereia w p+~l therao(. in tM pQ~e9~~~ wm ~facs~id o~ , in e~cess ~hereof, shall contein Ihe viual s~andard maigege~ cl+usa w such o~ha cl~vs~ ~i tM Mor~yag~~ may ~~quu~, maki~q 1M bss urnler sud poli- c~es, each ~nd eve?y, payable to said MORiGAGfE as its imerest may appea~, and each and wery such policy sh~ll be promptly ass 9ned deGvercd to ( eny held by s~id MORTGAGEE as further tec~rity to said mortpaye debt, a~~d, no~ kss than ten (10) days in advance ol the expiration of each policy, to dt } I~ver to said MORTGAGEE ~ rsnewal ?hereof, togeiher with a receipt fw the pr~mium of such renewal; snd thero ~hdl bs no fire or wind~~orm inturancs ~ plxed on any of s~id buildir~s, any intereit therein w psrl tF+ereof, unleu in ~he (orm and wi~h ~M loss pay~ble es afwesu3d; and in ~he event any sum . 1 of money becomes payab~e unda s~ch poticy a polaies said MORTGAGEE ~hall Aave the optwn ro rece~ve and apply the ssme a? accoum of the i~xiebted- 1. ~ ness secured hereby or to pe~mit said MORTGAGORS to rcceivs and uss il a any pa~t ~hrrcof lo~ othe~ purposes, v.~ihovl th.r~u~ w~+v~~r3 0~ unpair- . } ~~g any equity; lic~ w rgAt under or by virtue of this mo:tyage: and in ths evem said MORTGAGORS shall tw any reason fail to keep ~he u~d premises io : ~ns~red, or (ail ~o det~ver promptly-~ny of said polK~es o) insurance to sa~d MORTGAGEE, w fail promp~ly to pay f~lly any premium the~eiw w in any f respect fail ro perfwm, dbcharge, execule, effecl, comp:ete, compty with end sb~de by rh~s tove~anl, o~ any part !?ereof, said MORTGAGEE may pl~ce a~d i f'~'r for s~Ch insursnce or sny part Ihrreof withOUt waiving o~ affet~iny eny optio~, lien, equity, or right under a by virtue ot this Mortyafle, •nd tht f•,;it amount of each and every such paymeM shail be irrvnediately due and psyaLle snd shall bear interes? from the dats thereof u~til paid at the rate of .e pet tentum per annum und togather va~th such inte~est shali be srcured by the (ien of this mortgage. L To psrmit, tommit a suffar no waste, impairmrat or dater~oration of uid pro{xrty or any part thereo(. 5. To pay all and singular the costs, tharges and expe~xs, including a ree:onsble altwney's tee and coats of ebstrads of title, incurr~d or paid st ~ny t~me by said MORTGAGEE, becavse or in Ihc eveM of the failu.e on the part of ~he seid MORTGAGOR to duty, prompNy and fulty perfwm, d~xharge. e.ecure, efiect, con+plete, comp~y wnh and ab:de by each and every ~he at~pulat~ons, agreen.ents, conditia~s, and covenants of said p~omissory note and ~his - orrgage any or e~~her, and safd costs, charges and expenses, each and every, shail be immed~ate~y due and payable; whether p ~ot there be norice do- ~~,o-~d, attcmpt to cotlect w s~it pending; and the full amount of each and every svch paymen~ shall bear iNerest from the dafe thereof uNil paid at the ,~~f n~ne per cent~m ~r annum; and all said msts, thar~es and exp.:nses inturred or paid, together wdh such interest, thall be setwed by the lien of this rnor Igage. 6. That (a) in the cvent of any breath of this Nlortgage w defaulf on the part of the MORTGAGOR, or (b) in the event sny of said s~ms of mowey herein referred to be not promptly and tully paid within It~irty (30) days next arter 1}x same severally become due and payable, wiihout demand w notice. _:.c) in tbe evem each and every the etipulations, agreements, condi~ions and :ovenanis of satd promissory note and this mwtgage any p tither are ~of i.~:y, promptly and fully performed, d,scharged, executed, cffected, canptetad, compl:ed with and abided Sy, then in either a any such eveM the said sg ~-_ga!a sum mentio»ed in said promissory note lhen romain;ng unpaid, with interest aarued, and all moneys secured hereby, shall become due and p+y- ac e forthwith, or thereafter, at the opt~on of sa~d MORTGAGEE, as fuNy aed completely as ii ~II of the said sums ot mor?ey were o~g~na~ly stipulated t~ b•= pa;d on such day, anythit~g in sa:d prom~ssory note or in this Mortgage to the contrary nofwithstanding; snd thKeupW1 0~ thereafter ~t the option of s.i 1JtORTGAGEE, w~thout notice or deu~and, su~t at law or in equity, therefore or thereafrer begun, may be p~osecuted ~s if all moneys secured hereby r o matuted prior to ds institution. 7. That in the event that at the beginn~ng of or at any time pending any suit upon this Mortgage, w to foretlose it, or to reform if, w to enforce .^,<nt ot any da~ms hereunder, sa~d h10RTG:.Gce shalf apply to thr Court hav~„g ~uriid:aion thereoi for ihe eQpo~Nment of a Receiv~r, such CouA shall ,~:..i}h appo~m a re,eivelao( sa:d rre~Igaged proF:erty alI and singutar, inctud.ng aR and s~~gu~ar the income,'profits, issues and revenues from whateve~ s_ •:~:e derived, each an~ every of wh~~h, it be~ng e~p~essiy understood, is hereby mortgaged as if spec~fically sN fwth and described in the granting and i;::e:,dum c:auses hereof, and s~ch Receive: shaH have all ihe broad and efiect~ve fur.ct~o:~s and powe+t i~ anyw~se entrusted by a Court 1o a Receiver, and ; s. appoinrmem shalt be made by such Cou~t as an ad~nitted eQuity anti a maner of absot~te rigM to said 410RTGACaEE, and witFwut re~ererxe to the ~ ct_.,u;cy w inadequacy of the vatue of the property mor~gaged or to the so.vency or ~nsoivency of said MORiGAGOR or the defendants, and that such t ~s. proiits, income, issues and revenues sF.ail be applied by such Rece~ver accord~ng to the lien w eqv~ry of wid MORTGAGEE and the pradice of such ~ ~c~:rL t 9. To duly, promptly and fully perform, d~scharge, execute, effect, complete, comply wiih and abide by each and every the stiputations, agreements, ~ ,:.-a;f~ons an~ covenanta ~n sa~d promissory note and this mortgage set forth. ~ 9. ihat in the event the owne~ship oi the mor~gaged premises, or anY part lhereof, 6ecomes vested in a person other than the MORTGAGOR, the ~?TGAGEE, its wccessor: and assigns, may, wifhout nmice to Ihe MORTGAOR, deal wi~h svch successor or successw in interest with referente to thia ~~fyage a.d the debt he~eby secvred in the same manner as with Mortgagor without in any way vitiating w dixharging the Mortgagors' liability here~ ..r. w upon the drbt hareby secured. No sa!e of the Fremises hereby mortgaged ard no forbearance on the paA of the MORTGAGEE w ita successors _.ss+gns and no e,~tens~on of the tlme for the paymem of the debt hereby secured given by Ihe MORTGAGEE or its successors or auigns, shall operate •o re ease, d~scharge, modify change or affed the orgmal lian~i~ty of the MORTGAGOR herei~, either in whole or in part. 10_ It is specificaily agreed thai time is of the essence of this convact and that no waiver of any obligation hereurder or of the obligation se- c~rzd hareby shall at any time thereafter be he.'d Io be a wa~ver oF the terms he~eof or of the instrument setured herby. 11. In add.co~ ro rhe forego]~g month!y paym•~nts o( p.inc pal and imerest requi~ed by the promissory nore secured hereby, mortgagor covenants • ti agr~s ro pay ro mortgs3ee v.:th each n~on!hty pay~.~e~t an aad~:ionat sum est~ma~ed by mortgagee to be equal to 1% 12 of the annual cost of t!x follow- ' j A-A~I real property taxes leiied or assessed agai^.st the above descri5ed real estate. f a-Cr-~n:~ums on fire and wir.dstorm ~nsurar.ce as here~~ requ:red to be carried on the improvements situate on the above desaibed premises_ C-Premiums on such mortgage guarjnty ir.surar,ce as mortgagee shall from t~me to t~me deem fit to carry on the (oan secured hereby. ~ Ntortgagee s~a~l from t~me to time na.ify mortyagor [n wr;ting of the amo~nt due and payable hereunder and such sum shail thereupon be due and ~ ..~i~'e on the dve dare of the next monthiy payment and each wccassive month thereafrer ur.til mortgagee shall notify mortgagor of a change in such ,;rt Such sums sF.a~i be applied by mortgag~e ta.vard the payment of real property taxes, insurance prem.ums, and mortgage guazanty insurance i i . n~ ~ms_ t IN WITPtES~ :YHEREUf, the said MORTGAGOR has hereunto set his hand and seai the day and year first afaesaid. ~ - E Signed, Sealed and delivered in the presence of: al) F L dL l!l rs~al~ ~ ~ ~l''~ Seal) - - ~ ~~an ~".~Tc OF FLORIDA ~ f St . LuC ie ~ ' , ~';TY OF E?efore me personally appeared W81ti@I' G. Walloer a~ ~ ~Oj.B ~~.~CAr _ his wife, to me well known and known to me to bs ~ individ~als desu~bed in and who ezecuted the foregoing instrument, and acknowledged before me that they executed the same fw the purposes ~ e•ein e:presxd_ And the said w8~C6r i ~ . - Walter G. _ - - e of the sa~d _ wgl~r - vpon a separate end private n nahon by me ~aken sepa~ate and apart irom her said husband, acknowledged to and befwe me that she executed said instrumeM freely and volum r and w~Ihout any compuls~on, constraint, apprehensio~, ar fear of w from her said husband. r ~ ~ WITNESS my hand and offual seal this___- _ day of Februa q. D. 19 ?7 ~ ~ Notary Pu in and fa fhe tate of Florida at lar~e r My Co sion eapires: J~. / f 7 J ~ Ret~m To: ,:.~~~u~u~:~r~.r;. ~ r;nt Federal Savi~gs 6 loan Association ; " ~ ~ . ~ i ~ oi ~o~t P.erce. ~ ~ AND RfCOROED ` Fort Pierce, florida r~;-5 Ll ~•.~1. F~~'EQ ~ K:: ST, ~UCIE COUMTY FLA- ~ ; • F+.-: ` i ROGER pO~TRAS ~ _---l~ , ~ CIERK CtRCUI'( COUNT ~C~ ~ ~ ~ : ~ REC4RDVEp1ifE0..1-..~ Q J s This Instrument Prepared By i~4. E. B2'a11]'~% j+,~- " ZS ~ 5 ~ First Federal Savings & Loan Association Q;~.~~ F~8 Z~ ~ ~ o f F o r t P i e r c e~ F' 1 0 2' 1 d 8 ~~~~t"i t'' : '~~s? ~ ~ ' 30~14 ~ Checked By ~ R ~ t~ ' - ~oac~ ~2039 ~ ~ q - - ~ - ' ~ ~ _ . . - _ a__ ` - - ~