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Home My WebLink About0564 3. To place and cont~nuoualy keep on the bui!dings now or herrnite~ ~ituate on sa~d ~and and on all equ~p~nent ar.d personally covered by this mortg• ege, w~~h sll pren~iums thereon pa~d in full, fire i~iwrance in the usuai siandard po~~cy form, in a aum approved by the MOR~GAGEE, and w~ndstwm insura~ce in the us~al standard pol~cy form, in s sum approved by the MORTGAGEE, in such to~npany or cornpanies as ~he MORTGAGEE may d~rect; and a0 (i~e and windstorm insurance poGc;e: on any of ia:d build~nys, any intere~t therein or pa~t Ihereof, in the aggrega~e sum ~loresa~d or in eacess thereof, shall contain the usual standard mortgayee c~ause or such other clause as ~he Mongagee may requ~re, making the loss unde~ sa~d pol~ ues, each a~d every, psyable to said MORTGAGEE a~ its intereit may appear, and each and eve~y such poficy ahall be prompUy aas gned and dellvered ~o any held by said MORiGAGEE as further security to aaid mor~gage debt, and, nol less than ten (10) days in ad+ance of the expiration of each ;>ol~cy, to de- live~ to said MORTGAGEE a tenewal thereof, toge~he~ with a receipt for the premium of such renewal; and ~here shall be no f~ro or winds~o~m i~svrance placed on any oi said buildings, any i~terest there;n or parl the~eof, unicss in the form and with the loss payable as afo~esaid; and 'en the event any sum of money becomes payable under such polity or policies said MORTGAGEE shall have rhe op~~on to receive and apply the wme on accounl of the i~dabtad- ness secured hareby w to pe~mit safd MORTGAGORS ro raeive and use it w any part thereoi for osncr p~rpasrs, v+~rho~t ihr•ao f war~~ ~g o~ ~~~~p~~r- ing any equity, Ifen or righl under or by virtue of this mortgage; and in the event sa~d MORTGAGORS shall fw any reason tail to keep the said premises so insured, o~ fail to deliver promptly any of seid policies of insurance to said MORiGAGEE, w fail promptly fo pay futty any pre~nivm there+or o~ in a~y respect fail to per(orm, d~scha~ge, execure, efiect, complete, comply wi~h and abide by ~h1a covenaro, w a~y part hzreoi, sa~d MORTGAGEE may place ano • _ pay for such insurance or any part thereof wi~hout waiving or affetling any oplion, lien, equity, or ?ight under or by v~rtue of this Morlgage, and tht f~ll amoun~ of each and eve~y such payment shall be ~mmed~ately due and paysble and shall bear interes~ from the date ~hereof umil pa~d at the rate ol n~ne per cantum per annum and to~ether with such interest shall be secured by Ihe lien of this mortqage. 4. To permii, commit o? suffer no wasfe, impai~ment or deterio~ation of aaid property or any parl thereof. , 5. To pay ell and sirsgular the co:ts, charges and expenses, including a reasonable attorney's (ee and costs of abstracts of title, incurred or paid a~ any time by said MORTGAGfE, because w in the event of the fa~lure on the parl of the said. MORTGAGOR to duly, promptly and fu~~y perFb~m, discharge. rxecute, ei(ec!, complete, mmply with and ab:de by each and every the stipulat~ons, agreementa, conditio~s, and covenants o( said promissory note and ~h~~ mortgage any or either, and said costs, charges and expenses, each and every, shall be immrdiately due and payab~e; whether or not there be notice dr mand, attempt to collect w suil pending; and the full amount of each and every such payment shall bea. interest frun Ihe date thereoi unti! paid at the r: re o! nine per cent~m par annum; and all said costs, charges and ezpenses incurred or paid, toge~her with such iNerost, shall be setured by the lien of th~i mortgage. b. That (a) in the event of any breach of this Mortgage or defaull on 1he part of the MORTGAGOR, w(b) in the evcnt any of sa:d sums of money herein referred to be ~ot pranptly and fully paid wiihin thirty (30) days next aiter the same severa~iy become due end payable, wi~hou~ demand o~ nofice, or (c) in the evem each and every Ihe stipulations, agreements, conditions and covenants o1 sa.d pror :issory ~ote and this mortgage any o~ ei~her are nof iuly, prompfly and futly perforrr,ed, d:scharged, executed, effected, completed, complied with ane abided 5y, then in eithar or any such event the sa~d ag gregate sum me~tioned in said p~cmissory note lhen remaining unpaid, with intere;t accrued, and all moneys secured hereby, shall become due and pay- eb~e iorthwith, or thereafter, at the optio~ of said MORTGAGEE, as iully and comptetely as if 5It of tf~e said su~ns of money were or~ginaily st~p~tated ro be pa~d on such day, anything in sa:d p~omissory note or in this Mwtgage to the contrary no~withstandiiig; and thereupon or thereafter at the op~~on of s3,d MORTGAGEE, w+thout notice or demand, suit at law or in equi~y, therefore or ~hereaher begun, may be prosetuted as if all moneys securtd he~eby r,;d matured pnor to its inst~wtion. 7. That in the event that at the beginning of or at any time pending any suit upon thi~ Mortgage, w to fweclose it, o~ to reform it, or to enfo~ce payment of any claims he~eunder, said MURTGAGcE shall app~y Io the Cour~ having jurisdic:ion thereof for the appo~ntment of s Receiver, such Ceurt shai~ fcnhwith appoint a receiver of said mortgaged property all and sing~(ar, inctud~ng all and smgular the income, profns, iss~es and reven~es from whatever s~ urce derived, each a~+d every of wh~ch, if being expressty understood, is hereby mor~gaged a~ if speciiically aet forth and described in the granting and h;bendum clauses hereof, and s~ch Receiver sha11 have all the broad and effective funci~ons and powers in anywise envusted by a Court to a Receiver, and s, ch appointment shall be made by s~ch Court as an ad~nitted equity a~d a matter of absolute right to said MORTGAGEE, and without reierence to the r.dequacy or inadequacy of rhe value of the property mortgaged or to the sosvency o~ insolvency o~ said MORiGAGOR or the defendants, and that such renfs, profits, income, issues and ?evenues shall be apalied by such Receiver accord~ng to tFe lien w equity of said MORTGAGEE and the practice of such Cou?t. j 8. To du!y, promptly and fu{ly perform, discharge, execute, effect, comptete, comply with and abide by each and every tFx st~pulat:ons, agree~nents, conditions and tovenants in sa~d promissory note and this mortgage set forth. 9. That in the event the ownership of the rr.ortgaged premises, or any part thereof, becomes vested in a person other than the MORTGAGOR, the :'.~RTGAGEE, its successors and ass~gns, may, wiihout notice to the MORTGAOR, deal with such successor or successor in imerest with reference to this r. o~rgage and the debt hereby secured in the same manner as with Mortgagor w~thout in any way vitiating, or d~scharging the Mortgagors' liability here- under w upo~ the deb~ hereby aecured. No sale of the prem~ses hereby mongaged and no forbearance on the part of the N1CRiGAGEE or its successors er ass~gns and no extension of the time for the payment of ?he debt hereby secured given by the MORTGAGEE or its successors or assigns, ahalt operate ro release, d~scharge, modify change or affect the orig;nal liab~l~ty of the MORTGAGOR herein, either in whole or in part. 10. tt is spec~fically agreed that time is oi the essence of this contract and the! r+o waiver of bny obl:gat~on hereunde? or of the obligation sr cured hereby shah at any time thereafter be held Yo be a v,aiver of the terms hereof or of the instrument secured herby. I l. In add:t:c~ to the forego ng momhly payments of princ"pal and interest required by the prom~swry no!e secured hereby, mortgagor covenants ~i 3~:d ag~ees to pay to moatgagee v.~th each monihly pay~~:ent an adtl~nonai wm esT~n~a~ea oy morrgagee to ne eq~ai to i, il ui ii~e an~~uei wai ui ii~e iv~~ow- :q: ~ A-All real prope~ty taxes (evied or assessed agai~~st the above describ^d reaf estate. k B-Prerr.~ums on fire and windstorm insurance as herein requ~red to be carried on the improvements situate on th> above described premises_ ~ C-Premi~ms on svch mortgage guaranty ir.surar.ce as mo~tyagee sfiall frem r.me to time deem fit to carry on the ~oan sewred hereby_ ; Mortgagee shai{ from time to t~me not~fy mortgago~ in wr~ting of the ais;ou~t due and payable hereunder and such sum shail thereupon be due and c ayable on the d~e datr of the nezt month'y payment and eacfi successive month thereafter ur,til mortgagee shall notify mortgagor of a change in such ~~~ount. $uch sums sFa;f be app!ied by rnortgagee toward the payment of rea! property taxes, insurance prem,ums, and motigage guaranty inwrance 3 ~-r~miums. ~ IN WITP~E55 WNfREOF, the s~id MORTGAGOR has hereunto set his hand and seal the day and yea? fir3t aforesaid. Signed, Sealed and delivered in the presence of: ? -~l~ 0 _ Seal) ~ - ~LL1 i~L ~i t ~ ~ (Seal) ' ^ " (Seal) ? - ~ ' ~"t~~t (Seal) . ~ ~ ~ ~ i A7E OF fLORIDA ~ COUNTY OF St. Ll1Cl@ ~ ~ Becker ~ Before me rsonall a a.~ Irving F. and ,rt Pe Y PPe ~t Bernice Hagood Becker his wife, to me well known and known to me to be rhe individuals described in and who executed the for~qoing instrument, ~d ack (edged before me that they executed the same for tht purposes r~ d Bec`~cer ~ rherein expressed. And the said Berniee Hagoo Irving F. Becker ~+~fe of the aaid upo~ a separate and private examinat~on by me taken separate and apart from her said husband, ackrawledged to and before me that :he executed said instrument freely and volun- ~ar~ly and w:thout any compu~sion, cons~raim, apprehension,~ol fear of w from her sai¢,~i~~r~al,y •/S ~3 WITNESS my hand and official seal this day of A. D. 19 / . ) > _ [t ~ c - C ~j~) ' .~i ~ ) L a. . J Notary Public in and fni the $tate of Fbrids at large I~',' My Commission expires: ' Return To: , - _ . . , ,E s~ First Federal Savings 6 loan Association ~ ; Of fort PkertN. ' . .......c ~.J. = Fort Pi?rce, Florida u~ FlLEO ~?N~ ~U ?Y Fl~- , ~ v., ',~r; ~ ST. WCIE J ' . ; This Inst~ument Prepared By RiChard K. Kayesa~CL~ r~+~R~S :`r First Federal Savirgs 8 Loan Association CtERR C~~GUIT COURt ; ~ r;' • ~ Pf^~P~ `l:F}:IFD ~ q , ~ of Fort Pierce Florida " ~ ~ c~ . ~ .~:i ~ - • - : ,O ~ I ~ s AM'~5 ~ ~ Checked By ~ `O 3 ; o' .3 ~ ~ -b'•., ~ 0 R ~ b~ ••......••'oF . aaox~7 P~sf' S '~Q3Z63 ''~y ~ s~a~ti • ~ ~•k y~ ;r,.~ a; - - - - - ~ ~ ~ _ . - - -