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Home My WebLink About0193 3. To piace and cont~nuously Aeep on ti~e b~~~dings now a hereafter ~itue:e on sa~d !and and on al{ cquiwnent and penonally coverrd by ~his mwtq- sfl~, wAh •II p~emiums thereon pa~d in Iull, f~re insurance in the uwal s~a~~s~d potity form, in e sum approvcd by 1he MOR~GAGEE, aod wind~to~m i~surante in the uiuai standard po~:cy form, in a sum approveJ by the MORTGAGEE, in tuch tanpany ot companies ~s the MORTGAGEE m~y direct; and all fire and w~nditorm insuronce po!~c:es on •ny o( se~d bu~td ngs, any inte~est therein o~ part thereof, in the agqreyate ium alwtsaid o~ In ~aceu Ihereof, shell contain rhe usual standard mo~tgayee clause a such o~he~ clausa ai the Mwrgagee may requir~, m~Min~ ths lo?~ under sa~d pol4 cie~, esch and every, payable to said MAR'GAGEE as ~is ~merae~ may sppear, end each and every such pol~cy shalt bs promptly ats 9~ed and d~~ivercd to •ny held by ~aid h10RTGAGEE a~ fu~ther security ~o said mortga9e debt, and, not tess tMn ten (10) days i~ advance of the expirstion of•e+ch polity, to d~- live? fo said MORTGAGEE a rcnewal thereof, toge~her with a receip~ fw tM p~emium of ~uch renewal; and there shall be no f~re o~ windsto~m i~iuranc~ „ plsted on ~ny of uid buildings, any intereat therein w parl thereof, unless in ths form and with IF» lots payable +s •iwesaid; and in 1M evant any ~um of money bccome~ payable under such policy a pol~c~es said MORTGAGEE aha~l have ~he op~~on to reteive and apply the same on accoum ot the iodebtcd- ness secured hereby o~ ro pc+mit said MORTGAGORS ro rete~ve and uss ir p any parl thrreol fa~ o~he~ purposes, vnihout thar.o~ waiw~ng o~ unpair- ing any equity, lien w righl under a by vir~ue o} this mo:!g~ge; and in the event ta~d MORTGAGORS shall for any reason fail to keep the taid premiut ao iniured, o~ f~il to del+ve~ p•ompHy any of said policies of insuranca to sa~d MORTGAGEE, or fait promptly to pay lulty any prem~um thercfw o~ in a~y retped fail ~o per~am, discha~ge, eaecute, eftect, corr~plete, comply with and abide by this covenant, a any pa~t hereof, said MORTGAGEE may plate and pay fa such i~~ursnce or ~ny par~ thereof without w+iv~ng a affecting ~ny opt~on, lien, equ~ry, w ngh~ under or by virtv~ of this Matgaye, snd the full amounl o( eath and every such payment shall be immediately due and payable and ~hall brar inte~eal from the dale ?hereoi until psid a1 tl~e rate of _ nine per centum per annum and togrther with such inrerest shali be aecured by the iien oi Ihis mortgsge. ~ir 1. To permit, commit w auife? no waste, impai~ment w deterioration of said property p any part thereof. S. To pay all and singulu ths cos», charges and expenscs, including a reasonable attaney's fee snd costs of abstracts oi title, incur?ed or piid a1 any time by said MORTGAvfE, bctause or in the evenf of tM fa~lure on the part of the seid MORTGAGOR to du~y, prompt~y and fulty pcrfpm, dixharge. execute, eifect, comptete, comply w~th and ab:de by each and every the ~tipulat~ons, sgreements, cond~tions, end tovenants of said promissory ~ot~ and this mortysge any a eirFxr, and sa:d tosts, charge~ and expenses, each and evcry, shall be immediately due and payable; whether or not there be notice d~ msnd, attempt to cotletl a suit pending; and the tull amount of each and every such payment shall bear inrQrest from Ihe dafe thercof until paid al the rate of nine per centum per annurn; and all said costs, charges and exoenses incurred w paid, ~ogethe: wdh such interest, shall be secured by the lien oi thiu mortyape. . 6. Thst (a) in the event of any breach of thi~ Mortgage w default on the part o( thc MORTGAGOR, or (b) in ths event •ny of ~a;d surt+~ of money herein refe~red to be not promprty and ~ufiy paid w~thin th~rty (30) days ne~t after the same several!y become due and payable, withoul demand or notite, or (c) in the event each and every the stipu:ntions, agreements, condrt~ons and covenanq of sa:d promissory note and th~s rtwrtgage any or eithe~ aro eot ~uly, promptly and fuify pe~formed, d~schargMl, execured, effecred, complered, complied with and ab~ded Sy, then in e~ther M any tuch ev~nt ths aaid a¢ g~egate wm mentioned in said promisswy nore then remaining unpaid, with interest actrued, and a~l mor.eya setured hereby, thall become due and pay- abJe forthw~th, or thereafter, at the opt~on of sa~d MOItTGAGEE, as ful~y and comp!eiely as if a11 0! the said sums of money were originatly ft~puiated ro be pa~d on such :lay, aeyth~ng in sa.d p~o:n~ssory note or i~ thii Mortgage to the comra~y notwithstand~ng; and thereupon w thereafte~ at the opt~on of said MORiGAGfE, without notice or demand, suit at law a in equity, there(ore w thereafter begun, may be prosecvted as if all moneys secured txreby nad rtsatured pnor to ~ti institufion. 7. Thet in the event that at the beginning of or at any time pending any ~u~t upon th;s Mortgage, or to foretlose it, d to reform it, o~ to enforce payment of any ciaims hereunder, wiet MORTGAGEE shal! appty to the Cou~t having ~urlsd:ction thereof ior the appo~ntment of a Receiver, such Cwrt shall Forthwith appoint a receive? of said mor~gaged property all and singuler, incl~d~ng all and s~ngular the income, prui~ts, issucs and revenues from whatever ~o~rce derivtd, eacfi and every of wh~ch, ~t being expressty und~rstood, is hereby morrgaged at ii tpec:fica{ly xt forth and desuibed in the yranting and haExnd~m clavses hereof, and such Receiver shaft have a!t ~he broed and ei(_cr~ve funct~ons and powers in anywise entrusted by a Court to a Receiver, and s;ch appointmrnt shali be made by such Co~rt as an admitted eq~~ty and a maner of absol~te rigM to said MORTGAGEE, and without reference to the edequacy or inadequacy of the value of rhe prope~ty mw~gaged or to the soivency or ~nsu~vency of sa~d MORSGAGOR or the defendants, artd that such~ rems, profits, income, issues and revenues shali be applied by svch Receiver accor~~~~g to the lien w equity of sa~d MORTGAGEE and the practice of such Court. 8_ To duly, promptly and fulty perform, d~scharge, execute, cffect, compiete, con.piy w~th and abide by eath and every the stipulations, agreements, condi~iorta and covenants ~n sa~d promissory note and sh:a mwtgage set fwth. 9. That in the event the ownership of the mortgaged p~emises, a any pa~t thereof, becomes vested in a person other than the MORTGAGOR, Ihe A•,ORTCaAGEE, its successws and a~s~gns, may, wirhout ne!~ce to the MORTGAOR, deal wnh wch s~ccessor or successw in i~terest with reference to ihis mo-rgage and the debt hereby secured in the same manaer as with Abrtgagor w~thout in any way vit~ating w discharging the l~Aortgsgors' lisbility here- ~nder or upon the debt hereby secured. No saie of the Frem~ses h~reby mortgaged ar.d oo forbearance on the par? of the MORiGAGEE or its succeswrs o. ass~gns and no eatens~on of the time for thr payment of the debt hereby secured given by the MORTGAGfE or its successors or asi~gns, shall operate ro release, d:scharge, mudify change w afFect the origmal Iiao:I~ry of the MORiGAGOR herein, either in whole or in part. 10. It is specificaliy agreed that time is of the esunce of this contract and that no waiver of any obligation hereunder or of the obligation so- cured hereby shall a? any time thereafter be he!d ro be s waiver of the terms hereof or of the instrument secu~ed he~by. 11. In add;tio~ to tFu• foregc n,3 ~nonth!~ paym_nts of p~inc pat and inrerest required b/ ti~e prom"ssory no!e setured hereb~, mortgsgor covenants and agrees to pay to mc-~gagee ~~rh each mcn+h:y pa~~.~enr an add:,~onat sum esnn~a+ed by mortgagee to be equal to 1/11 oi the annual cost of the fot{ow- ,ng: i ~ A-Atl real property taae: Iene.a. or assessrd agai^st the a~ove desa~bed reat estate. ' B-Prem~v~ns o~ f~re and w~ndstorm ~nsvrar.ce as he:e~n requ:red to be ca~riFd on the :mproveme~ts situate on the above described premises. ; ; C-Prcmi~n•s on such matg.:ge gua~anty insurance as mortgagee shafl from t~n~e to t'une deem fit to carry on the loan secured hereby. ~ Mo~rgagee sha'i from +~me to t~me no~ify mortyagor [n wrinrg of the a>ro~~~ due and payabte hereunder and such surr: shall thereupon be due and ~ c 3yable on tne due d.~te of ~he ~+e,et ~no~rh'~ oayment and each successive rromh thereaf~~r ur.ti! mortgagee shall notify mortgagor of a cF~angt in s~ch E a~:ount. Such sur:~s sFa:) be app:i_d ~y morigagee roward ihe payment of rea~ preperty taaes, i~sura:xe prem:ums, and mortgage guaranfy insurance p~emiums. ~ IN N~ITPiE55 WHfREOf, the sa~d MORTGAGOR has hereunto set hin hand and seal the day and year fir aforo id. ~ ~ Si9ned, Sealed and cJelirered in the p~esence of: i _ ~ n ~ ~ , ~ ~ c ~ r ~ o _ ~-G •n ' ii .xi L _ . -L aq - . ~ sq a ; SiATE OP FLORIDA t ~ CoU!JTY OF $t. ~.i.1C12 ~ S5. _ ~ Before me personally appeared j~_Q_~~ ~'~~1Q2' = and ~ nt T~~ ~ 0=' his wife, to me weli known ud_ known to me fo be ~ the individuals descriL~ed in and who executed the fore~oing instrument, and acknowledged before me that they exetuted t1?t• iame fos the purposes ~ therein expressed_ And the said ~ 1 O t i 1~A t' , 1 OT' I.1O 3 ~S *iO7' upon i separate and privats ~ w~fe of the sa~d y 3 exam~natio~ by me taRen separate ar.d apart from her said husband, acknowledged to and before me that she executed said instrwnent fraely and volun- ~ rarlly and w~rhout any ca~puts~on, censrraint, apprehens;on, or fenr of or from her iaid husband.`~ 7b S WITNESS my hand and off7ual seal this- day of ~-=L-~ ~L-- , A. D. 19 ~ ~ ' t.• ~E.- ~ ~ ~ i ~ ^~Notary Public in and, or the State of F!orida at Large + My Comm~ss:on expires: / ~ , a Retum To: ~ - ~ a First Federa) Savings 6 Loan Associat:on !Z,1 o2gU ~ Of fwt P e~e>. Vz ~ Forr Pierce, Flor~d3 } ~ f LEO ANO RECgR0E0 ' ~ ~ i~~~~ •~-F~~. . ~ . : r c. :L~AT ~ This Instrument Prepared By R~bert it. S~ieheT', Jr. J First Federal Savings & Loan Associat~on of Fort Pierce ~ r^~OZ'id~ J~(, 1t 8 04 ~h '7b ~ Checked By ~ 1 ~ ~ _ - ~ ~ 2~~ FA~ ~93 ~ ~ ~ ~ _ ~ . ~ _ s