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Home My WebLink About0057 t 3. To placy •nd cont~nuously Aeep on tF» bu1lJ~~s ~ow w hereaita ~ituat~ on aaid land and on ~II equipm~nt ~nd psnonally tov~red by this morlp~ p~, wi~h ~II pr~m~vrrw ~hcrsw~ pa~d i~ fuil, fire insu~•nu in ?h~ uiual i~ud~rd policy form, in a sum app?oved by tM MORtGAGEE. and wind~~am tnwrance in tM uswi aand+rd policy fwm, in • ium +pprov~d by ~Fa MORYGAGEE. tn such company or comp+n~~s ~s H+~ M~RTGAGEE may di~~c11 a~d all fi~~ and wi~+datorm insuranu policie~ on ~nY oi tiaid build~nps. ~ny in1~r~~t ~Mr~in a p+rt the~wf, ln tM ~p9re9~tt ~um ~fwt~aid ot In ~xcn~ the~eof. shall contain tM uwal suodard mat9ap~t cl~u~~ a~vch o~Mr clau~ ai tM MatpapN rrwy requu~. makinp d» losi unda said pol} ' ciN. Nth ~nd evwy, paYabi~ lo uid 7~lO~i'vAGfE as in int~r~tl may app~ar. ~++d each a~d ~wry ivch policy sMll b~ promptly asi:p~ed +~d d~livKed to f~ •ny Mld by said MORTGAGEE as further tecurity ~o said mor~ysys debt, and, not I~s~ th~n t~n (10) days in ~dv+nc~ of tl+~ •xp'u~tion ot e~ch poUcy, to dr t IivN to faid MORTGAGEE a ren~wal thereof, /o~Nlw~ wi~h a reteipt fa th~ p~mium ot tuch r~newal; and thet~ shall b~ no fir~ or windstam inw~ant~ ; plapd on any of sa~d_ buildinps, ~ny i~~ersst therein or p~rt thereof, unleu in tM form and with th~ los~ paysbl~ as aforesafds ~d ~ th~ ev~nt any wm of mon~y becom~~ p+yabl~ unda iuch policy w polKiea said MORTGAGEE ihall hsvs ths opt~on to rece~vs ~nd apply tM s+m~ o~ xcounl of tM ind~bted ntu fecured hereby w 1o permit ia~d MQRiGAGORS to recqive and uw it a any part thereof for other purposes, wieh~ul ~hereb/ waivi~ip a ~mpair- - inp any pvity, lyn w righl under or by virtw of this mwtgays; ~nd in tl?s ~vent s+id MORTGAGORS ~hsll for any resaon fail to ke~p tM s+id pr~mises w .i tnwred, w fail to deliv~r promptly any of said policies of iniuranc~ ro said JNORTGAGEE, w fail promptly to pay ful~y ~ny premeum thsrefw o~ in any ~ ~ nfpec~ fail W p~rfwrt~, discMrge, e:ecvte, ~ffecf, compkte, comply with ~nd abids by this covsnanl, or any p~rt Mreof, ssid MORTGAGEE may pl~ ~nd ~ paY fo~ such i~wrance a ~ny part tF+ereof witho~t w~iving w ~ffactinp a~y optwn. lien, equity. w r~flhf unda a by vi?1w of Ihii Mwt9ap~. and the i fu1) amo~nt of each aod ewry sucA paymenl sMll be immcdiately dw +nd payable and shall be~~ interest from tF?s dste thtreof uatil paid at tM r~t~ ol ~ nin~ pa ca?wm pe~ ann~m and toyether with such intsrest shall be sacured by the lien of this mortype. ~ 1. To permit, commit w suffer no wsst~, impairmtnt w dete~ioration of said property w sny part thersof. S. To p~y aU ~nd iinyutu th~ costs, charges and expan~es, i~cludinp rssson~ble ~ttor~ey i te~ and costs of ~bstracfs of tiN~, incurr~d w p~id at any time by said MORTGAGfE, becauu a i~ tM evenf of the failure on ths pan of tM said NIORTCsAGOR to duly, pranptly ~nd fully p~rform, dachary~ executs, etfect, compkte, comply with and ab~de by each u+d ~very the itipulatiau, ~reemen», conditio~s, and cowns~n of ~aid promissory note and this mortpapt any or eithe?. ~nd sa~d co~n, cturges and eapenses, each +nd every, shall bt irtrned'u~ely dve ~nd p~y~bl~: whether a not tMra be notic~ dt ; mand, sttempt to tollett w suit pe~ding; ai~d the full amount of cach snd wery such paymtnt ~hall bear i~terest from Ihe dat~ thtreof u~til paid N tM F rate ot nine per centum per an~~um; and aIl said coits, charges and ezpens~s ioturr~d w paid, together w~th tuch intereit, aMll b~ securad by t1w li~n of thiu mort9aqs. 6. That in thc awnt of any breach of this Mort9sp~ or def~ult on ths part of the MORTGAGOR, w(b) in tM we~t any o~ uid svms of ma~ty ..~set.~ ..le:r~3 ta ~;::::rtSf ~:i ~a?d :s•*.*.~'~ *:=.:stp a~~s ~x: ef!rf t~+s sa+.~• uverstly become due and p~yable, withovt dem+nd w notice, • or in the event exh and every the sripulations, agreemenfs, conditions and cover+ams of s~id p.an'~sswy note a.~d this mortpaye any a eitF~ ue nol ~v1y, prompNy and fulty psrfwmed, dixhar~ed, executed, effected, completed, complied with and abided by, lhen in tither w any tuch tvent tf» aaid ap- gregate wm mentaned in uid promissory rwte then remaininp unp~id. with iMerest acuued. ~nd all mo~eys tecured hereby, ahall become dw and p~y~ able fwthwith, a lhereafter, at the opt;on of said h10RTGAvEE, ss 1~Ily and completely as if all of the said wms of aw+wy vrsre oripinally stipulated to be pa~d on such day, anything in sa~d prom~uory note a in this Mwtyage to the contrary norwirha~anding; and thereupon or thereafta at the option of 4 said MORTGAGEE, without not~ce a demand, tuit at I~w w i~ puity, therefwe a thereafter begvn, may b~ prosecut~d ~s if all ma~ey~ secured hereby had matured prwr to in ins~iruhon. 7, Thst i~ the event that at the beginning of or af ar?y time pending any wit upon this Mortgag~, or M forKloN it, or W ref~n h. a fo enfwp payment of any daims he~eurKler, said 1~M1ORTGAGfE shall apply to the Court having jurisd:ction thereot ta the appointment of • Reteiver, svtA Court thall fwthwith sppoint a receiver ot said mortgaged property all and sengular, includ~ng all and singutar the irxome, profits, issws and mv~nues irom whst~ver source derived, each and every of which, it being expressly undentood, is hereby mortgaged as if speciFicslly set fath and deWibed fn Ihe prantinp ~nd habendum clauses hereof, ~nd such Receivsr shall have ~tl the brwd and effective funct~ons and powers in anywise entrusted by a Co~?t ro a Receiver, and ~uch appointment shall be made by such Court as an admitted equity and a matte~ of absaute right to said MORTGAGEE, and without reference to tM adequacy w inadequacp of the valua oi, tF~o properry mwlpagsd or, b the soNency ot insotvency of seid MORTGAGOR or the defendantt, a~d that s~ch ~ems, profits, income, issues and revenues shall be epplied by tuch Receive~ actotdinfl to ~he lien or puity. of said MORTGAGEE and the practiu of such ± GouA. - ' • ; B_ io duly, pr«npHy and fulfy pe~form, ~scharge,:execute, eifed, comptete,~comply with end ab'~de by each and every the stiputations, ~prcements, ~ conditions and covenanri in sa~d promiuoty eote and this matgage xt fortA. 9. That in the eveM the ownenhip of the mortpaped premiaes, or any part tfiereof, beoanss vested in a person other than the MORTGAGOR, th~ ' MORTGAGEE, it~ successors and auigns, may, withoul no~ice to ~he MORTGAOR, deal with such succeua or wuessor in interest with reference ro this mortyape and the debl hereby secured in the same manne~ as with Mortgago~ witFwut in any wsy vitiatinp w discharging tM Mortgagots' lisbilify hertr under w ~pon the debt hereby secured. No sale of the premises hereby mortgaged •nd no fwbearante on the patt of the MORTGAGEE a iri tucteuors or ass~gna 5nd no extrnsion of the time for the payment of the debt hereby secured given by the MORTGAGEE or ih tuctessori or auipns, shal) operat~ lo release, dixharge, modity thange or affect the original liabil~ty of tix MORTGAGOR herein, either in whola d in part. 10. It is spec~fically a9reed ~hat time is"of the ease~ce of this contract and that ra waiver of any obligation: eunder w of ths oblip~fion se- + cured hereby shall at any lime thereafter be held to be s waiver of the termt hereof w of the instrument secured herby.~ 11. In adddio~ !o fhe foregoi~g monthly paymenta of princ'pal and interest required by the promissory note secured hereby, mortgagw toven~nts and agrees to pay to mortgagee v.ith each monthly payment an add~rionst sum est~mateo by mortgagee to bC equal to 1~`12 of the artnual tost of the follow- 3 i~: , t A-All real property taxrs levied'w assessed agai~st the above described real estate. ; B-Prem~~rs on f?re a~d w~~dsto••n i~svr~r. wa F,...:n •.•Z~.:r..~ ~n h.. ~a.r:Pr! on the improvements sitvate on thc above described prertiises. ~ C-Premiums on such mortgage gua~anty insurance as mortgsgee tha8 (rom time ro time dcem fit to tarry. ot~ the loan secur•_d hcreby. Mortgagee sha~l'from t~me te t~me notify mcrtgagor in writ~ng of the a:~••~t ~.e a~d p~ya~s4e hereunder a~d sucfi sum shall thereupon be due and ~ ~ayable on~the due tiate of the next monthly paym~nt and eath s:~cceisive month thereaft_w urtil morigagee shal~ notify mortgagor of a change in such ? a~ount_ Such sums shali be applied by mortgagee ioward the payment of real property taxes, insurance p?em.ums, and morigage guaranfy inwnnce ! premiums. ~ ~ IN WITNE55 NHEREOF, the said MORTGAGOR has hereunto sN his hand and seal the day snd year first a ore 1 ~ ' rKSl. Sealed and deliv in the presence of: ~ } ~ . f C's: C ~ •n o~~l~~ ~ ~ Nancy_- . ~ e ~ ~ ~ . ~'0 SiATE OP FIORIDA ~ St . Luc ie ~ ' COUNTY OF • - Befwe me personally appeared Rerrest G. COZ@ ' 4 Nt~ACV - B. Cele his wiie, to me well ~Cnowh,~.~('~~nawn'to me ro 6~ the individuals described in and who executed the fwegoinp ins~rume~t, and acknowledged before me that they execut~d thiyNe~';for t1~i purpqls Nanc B. Cole ~ - ~ . : ' ~ rherein expressed. And the said y ""r ~ ~ Forrest G. Cole ` ~ ° - + ~ wife of the said _ t!p9f~ ~ , ~t'uRlt~ ~ examination by me taken separate and apart from he~ said husband, scknowledged ro snd befwe me that sha executed saidins(iy4~ent~+ P~~ j~Dluo- ~ iariiy and wilhout any compv~slon, constraint, appreh s~ oLr lfear of w from her said husband. ' ' WIiNESS my Mnd and officinl xal th~s- day of ~ °~;-'19J~ ; : 5 ~ ~ N ary Public in and for the tate of Flwid~ ~t larye ~ My Cornmissio~ expires: ~ ~ : ' ~ Return To: ~ ~ First fedenl Savings 3 loan Assotiation ~ O( Fort P:erce. ~ ~ Fort Pierce, Florida ~ `ga ~,KO ~tcpweEo ~ ROC~Ef ?D T~It~fu. This Instrument Prepared By Robett A, 9wish8r~ Jr. C`~aK ~~~,~U~t 401~~ ~ First Federal Savings & loan Association ~E~4R0 YE~~~~ED of Fort Pierce , Flnrfda ~ ~ ~ ~'6 Checked By I~- E~.~~ 254 . P~ ~ ~ ~ . . 338249 ~ ~ ' sh ~ ~ _ - . . y-_- . _ . . , . .