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Home My WebLink About0056 3. To placs a.~d continuou~ly kee~ o~ ~he bui!d~ngs ~~ow o~ hereaieer ~i~w~e on sa;d land and on aii eq~~wnent and personatiy covared by this mo+tg- ege, with sll prem~ums thereon pa~d ~o f~il, fue inswance in ~he ~e~ai standard yal~cy lorm, i~ • i~:n d~.N~GrCd b~ the 65~R~G:.G[E, and w+~~Juo~m . ~ns~rant~ in ths usual sundard pof.cy lwm, in a sum ~pprovad by ~he MORTGAGEE, in tuch ~anpany o~ canpa~~es as the MORiGAGFE may d~•:c~; and all li~e and w~rulstorm i~surance polidrs on sny of sa~d buiid~ngs, any interes~ therein or pa~~ Ihe~eof, in ~he agyregore w~n aferesaid w in excess Ihereo(, ihall contaio th~ viwl standard morrg,?yae cla~se o~ auch other dauae as ~he Mortyayae may ~eqv~re, makirq ~he loss u~~Jer sa~d poli- c~es, each and every, payabfe ~o sa~d h1JRiGAGEE as ~~a iroerast may eNpear, and each ocd erery svch pc~i~cy aha? be promprly ass g~ed a~~d de~~~errd ~o any held by s+~d A\ORTGAGEE•as Fur~her security to said mortgagr debt, and, not less than te~ (10) dayf in adra~xe ol Ihe e~p~~a)ion o~ each pcrt~ty, to da l,ver to said MORTGAGEE a ronewal thercwf, toge~her wiih a rece~p~ for the prrmEvm of such renewal; and there shall be ~ fere o~ winds~one ir.yursncs plnced on any of sa~d buildings, sny interest Inerein ot part thtreof, unirss in ihe fom~ a•:d wah ~he loss payable as aforeaaid; and in ~he evnnt any sum o+ money becpmp peyable under such poltcy o~ poGcies se~d MORTGAGEE shell have the o~,t~on to recrive a~xl apy~y the same ors account of tlu iralubted- ness secured hereby or ~o permb se~d MORTGAGORS to recrive and use it a e,~y pa~e ~n~•reol to. ofnor nur.oses, v.::hou~ ~h>~.::~ •n~..: cr ~~~,p..~*• ing any equ~ty, lien or rght under or by virtue of this mortgage; and in the eveM sa:d MQ~2T(;.AGORS shall fw any ~oason fail 1o keep ~he sa~d prrmis:s ~o ~~suird, w fail to dz~iver p~anplly any ot said po?~ues of insura~ue ro sa~d MORTGAGfE, o+ faJ promptly to pay fu!!y any prem~~~n therefor or in any rrspzct fail to pe~form, d~scharge, e:ecute, effed, compiete, comply with and ab~de by this covenant, or any part hereof, sa~d MORTGAGEE may piace a~d pay fw such insurance or any Rart thereof without waiving w affecting any opr~on, t~en, equ~ty, or right under p by ~irtue of this Moregage, and the full amoun~ of each and every such payment ehall be immCC~i~t~ly dui drtd payJblf and shall brar inrerest from tha date thereof until pa~d at the ~ate oi ~.~~e per centum per annum and to~athe~ with such inte~est shail !~e sec~red by !he I~er. o( th~s mortgage. 4. To permit, commit ot suffer no waste, in~pairment w detar~orat~on of said Nroperty o? any parl Ihereoi. 5. To pay all and singuiar the costs, charges and experses, indudiog a reasonable attarney's fee and costs of abstrac~s oi title, inwned or paid af ,~y t:me by aaid MORTGAG:E, because o~ in the event of ~hc fa:l~re on tne par~ o~ ihe sa~d h10RiGAGOR +o July, pranptly and fully perform, d~scharge. ..ec~te, effecl, canplete, comply w~~h and ab;de by each and every the st~yilat~o~s, agreemenrs, cortditions, and covenants oi said prom~ssory note and this .:o;ryage any or e~rher, and aa~d coats, charges and expenses, each and eveiy, si~all be irnmrdlately due and payab!e: whether w not lhere be not;ce de ~~:a+~d, at~empt to coliect or wit pend~ng; and the full artwunt of cach and eYery such uaymenT sha:1 bca~ ime~esl from the date thereof unril paid a1 Ihe o~ ni~~e per centum ~~ar an~:.;,n; a<<d aI! sa~d costs. cnargrs ar~d ~a; ~•rscs irxu~red or pa~d, iogether w~ih such interest, shall be secured by the I~en of th:~ ncrtgage. 6. That (a) in the eveM of any b:ea:h of this lAortgage or defau!t on th> pa.t ef the MORTGAGOR, or (b) in the event eny of sa:d sums of money herein referred W be not promptty anci fully paid v:irhin thuty (301 days ~eaf ai~e~ ~ne aame ae+eratty becoma due and payable, withow damand or notlce. or ~c) in the etient each and every tne stipu~ations, agreements. cond~t~ons and covenaroi oi s~.d pra~ussory note and th~s mo~tgage any or e~ther are nm i.,!y, piOrnpliy and lully performrd, d.scharged, exr.ured, ef(eded, comp:eTed, co~rp;~ed v.an and ab:ded Sy, ~hen in e~ther or any such event the :a~d ag :~•egate sum menhoned in said promissory note then remaining unpaid, wirh interest acu.;ed, and at~ monrys seturcd hereby, ahall become due and pay e forthwith, or thereatte~, at thr op~~on of sa~d NIORTGAGEE, as fuily aid com,:•et~iy as if a!1 ef the soid sums of money we~e originally st:putated 'o tre pa;d on such duy, anything tn sa.d pro n:ssory note or in this Alortgay~ to !he tunr~ary no~w::ths~and~~~g; and thereupon w thereafter at the opt.on of d.'NORTGAGEE, v.~rhout nunce or demand, :un at ;aw or in equ~ty, ~h.erefore or thereatrer begvn, may be prosecuted a~ if aH moneyt secured hrreby ~.,d matured pnor to ~ts mst~t~t~on. 7, iher in the ev~+r.t that af the bcgirtn:rg of o~ at any time pendirg any su~t upon th~s Mortgage, or to iweclose it, or to reform it, o? ?o enforce • ent of any cl~~:ns hr~e.~nder, sa~d 1dC3RTGNi-_c sl~a!I appty to rhe Co~rt h~:~~~g ,.,~~sd.c::on thereof for the appo~nmtient of a Receiver, suth Co.xt shail ~ ~;,,th appo:nt a rete~.er O4 aaid rnortgaged prccrrty afi a~d sir.g~!ar, :nc,uc?::~g a4 and s~n~u:ar the income, prolds, issu~tr and revenuas from whatever denved, cath ar.d every of wh~ch, ~t bcir.~ «pressiy ~nde•s'oud, ~s Fe:-by morrg~grd as ~i Spet.fitaUy set forth ant! dexribed in the granting and endvm ciauses her~rof, artd soth Receiver sha11 have al: fhe b:oad and rfiecnae f.;rc~ cns a~:d peh•ers in anyw~se entrusted by s Cant to a Receiver, and s.;n appointment shali be made by s~ch Ccvrt as an ad~nnted equ~ty anJ a rca!rer ct a~so:ure r~ght to said MORTGAGEE, arid wishout reference to the e::;-.~,;,cy o~ inadeq~asy of the vaiue of ~he proper'y mongrged or io the so ~ency or ,r.cc.vrncy o1 sa~d MORiGAGOR or the defendants, and rhat such rs. proi~ts, income, issues and rever.ves ahai~ be app~~ed 'oy such Receiver accord.ng w the lien or equity of said MORTGAGEE and the practice of such _o~rt. 8. To duty, premptly and f~ily perfarm, d~scharge, e~eecute, effect, comp~ete, cc: Niy w;rh and abide by each and every the stipulations, agreements, ,.r:o~s and covenants m sa~d p:omisso~y note end ihis mortgaye set forth. 9. That in the event the ownersnip oi the mortgaged prem:ses, or any pa.t tix:reo.'. 6ecomes vesred in a pe~son other than the MORTGAGOR, the ."2T%AGEE, ~ts suaessors and ass~gns, may, w~:hout ror:ce to the ~~t027G~OQ. deaS ,.:~~h such wccessor or successor in interest w~th reference to this rgaae and the d_bt hereby sec~red in tne same ma~er.2r as with PAortgagor 'rl~thout in eny way vit:ating or ducharging the IJbrtgagori liab+lity here- or upan the drbr herebv sec~red. No sa:e ot tt:e F:emises F.:reoy mortgaged a•~d no fo~bearante on the part of the I,AORTGAGEE or its succesaors atis~gns and no exrers~on of the rime for the paymenr of the debt he~eby sec~red given by Ihe f80RTGAGEE or its successws or ass[~ns, a?ial! operate re~_~se, d:schtrge, mod~fy change or af.'ect the orly,nal ; aa~i:ty pf :ne h~ORTGAGOR herein, either in who~e or in part. i0. It is spec~f~cal~y egr~ed that ~~me u of ttie esse^ce of fh~S co~rract and that :~o waiver o? any obllgation hereunder w of the obligation sr ~~d hareby sha:i at any time thercaftcr i;e haid to be a wa~ver of the !rrms herecf o~ cf ti~e instrument secwed herby_ I 1. in ;;d:i i:~ ~ ro tF.e iorego :,g •,,on~h'y ;~ayr,_•n•s o4 p~~ :c pa: and ~~~+~•~esr reqc -_d by the promssery nae sec~red hereb~, mortgagor covenants ' agrees to pay to mortgagee ~nh each rr.c~zrh:y pai~.,enr an add,~;ona1 sum esc:* areci oy mortgagre to be equai to 1!12 of the annual cost ot the ioliow- A-Alt reel prep°rty laxas ie~,~.c or dSS°SS~;~ agai•,st ihc above d~scnbid rea~ esta~r. B-Prrr~.~v,:s u~ fire and v:~r.ds?or~n inswar;e as ne-en *^q~red ~o be ca:ned c~: the :m~.rovemen~s rtuate an the above d_scribed p~emises. G-Precr~un~s e? s~~ch mort~age guar2;,ty tLSJ!e~ 3s rT:c•~g3gee sha;l 4ror.~ t me to tim~ deem fit to tarry on the foan srcured hereby. ~l.ortgagre Sho:i frcm i~rr.e to t~:ne nctify mcrryayor ~n r.r~tir.g o~ tne a~-o~v d~e ar.d payable herrunder and suth sum shall thereupon be due and ~b's on !ha d.~e date ef tha next n:o ~th:y payrn~nt and e~ch w:cessive -ro•~th thrr~~e+ter uck{ mcrtgagee shall notify mortgayor of a change in such . .~m. Svch sums sf.aii be app•,ird 'oy mor:gag^e rov.a-d trte paymert of re~I prope~ty taaes, insurancr prem.ums, and mortgage yuarenty insurance ~ ~~~.~umi. ~ IN Y~ITNESS ~+~'H~REOF, tne sa~d MORT~FGOR has hereu~to set Fus har,d and seal the day and ar first aforesaid. ~ ed, Sealed rd de ve~ i the presence of: ~ ~ iitf~l:+:~ '.it;ii~c0~~ ~~'~($eal) ! ~ ~i ! vc~~ - fu~r~ fu. E ~ ~ RC;:.r ~;~T~~S Cha 1 ie ~iattheNS tSea1) e ~tFt~ ::U~T ^~URT ~ b/ (Sea4 C~^ g - R, '~t~ thel ~:att ews ~s~aq ~ =.'.;1E OF FIORIDA ~ 30 2 21; ~M'~5 ~ ~ t . Luc i e ~(~~1/~~r~ p ~'•iTY OF v f L• ~ ~ Before me rsonall a Ch~! 1: E' tiia t t hews R Pe Y PPeared and ~ Ethel '•latthews his w~fe, to me well known and known to me to be ~ ' ~ individuati desu~bed in and who eaecuted the foregoing instrument, and acknovviedged before me that they executrd the same for the purposes ~ p ~thel ~iatthews p ~ e•c~~ ex ressed. And the said____ ~ r. of the sa~d _ Char 1 ie ?iat t hea15 upon a separate and privat~ ,=,~r.at:on by me taken separate a~id apart from her said husband, acknowiedged ro and brfore me that she executed sa~d instrument freety and volun- ~ a~d w~thout any comp~isiorc, cor,straint, appr s~on, or fear oi or (ram her said husband. ~ ~ WIiNE55 my hand and off~ual sea{ th:s_ day of___ f~ 1 1 q.,p, 1~ 5 ~ • ~ S ~ Notary Pvbiic in end or the !e of F ~da at Large ' My Commission expires: a9 Return To: F;rst federa) Savings 3 toan /lssocia+~on ~ Of furt P c:ce ,,~~~~t::r. ti Fort Pierce. Fior~dj ' y, ; ~ E, : ~ ~ ~ . • - • J / ~ ~ ' f ~ Q Y~~~~ . ~ This Instrument Prepared By John Co 11 i n s ~;,ti o~~ ~ First Federal Savings 8 loan Associafion ~~``-<'i ~ : ~ of Fort Pierce ~ , "r lvrida ~1: , .~i3!_' ^ } 0 R ~ Checked By nnOK239 PACE vU F'~---~•~~ - , . -.,c _ ' ~ ~~'~~~;rr~,:,t~.,• ~ ~ - r. ' S~ :s 9 a- . . . _ . ' _ ~Yg ~F~_..~".. ~ . . - l