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Home My WebLink About1375 3. To plecR and conrinuousiy keep bn Iho twi!d~ngs now o~ hererftu e~tuete on sa~d Iand end on ati cqu~pment and personaliy :overed by this morig• ~gr, with all premivmt the~eon peid in full, fire ins::r~nce i~ tha usval s~aixiard policy ferm, In a u~m approvrd br tho MORTGAGEE, end windaerm inturance in the ~sual standard policy tam, in a sum •pprov~d by tht A\ORTGAGEE, t~i iuch company or con,p~nies as the h:aRTGAGEE may diretlj end ail firo er.d windsrorm inwrance Foli;iet on any ol s~id buiidings, e~~y inicre•! Ihe!rin at parl Ihereol, in ihe a9~regate wR~ ~for9said or ~ in exces~ Ihereof, shall contain the usu+l ~tanderd mortgagee c'avse or tuch Nher da~se ec the hlorlgagee may require, mai~ing ~!,a toss under ~a~d poli- cios, each snd every, pa~ ~'_'e to sa;d R1URTrAGEE a~ ~+e in~erest may apnerr; and eacti acd every svch poi~cy shall l,e promf~tly ass gnrd and delive~~d !o any held by se~d htOR'~AGEi as (urth~; security ~o ~a1J mortgage debt, e~id, no~ loss than tan (10) days in aJvance of the expiratron of ea;h policy, to da~ - ; I~ve? tu t~id ,NORiGAV;c a re,~ewal thereof, togefher ~n•flh a receipt for the premium of such renewat; end there shall ba no lire ur wind~~orm insursnce . ~ plettd on any of seid buildings, any inte~~st therein o~ part thereof, vnless in the form end with the losa payable as aforesaid; and In the eveM ar.y sum ' of money becomes payable vnder wch policy or policies ~aid h~ORTGAGEE thall have Ihe upt~on ro receiru and appty the same on account of ihe indabted• . ~ ness secured hareby or to permit f~id MORTGAGORS to ?eteive and use it or any part ~herFOf tor o~her purp~ses, v~~thout th=reb/ wr~~ng or fn,pa+r- R (ng any cq~ity, IIe~ or ~~~hY undec tr by virtue of thls morlqagej art~i ln fhe evenl said MORTGAGORS :ha~l for any reason fail to keep the said premises so ~ ins~red, or fail to deliver prompll~~ eny of said policiee ol~ insuran<e ro said h10RTGAGEE, or fai) ptomptly to pay fully any premium thcrofor or In any respect fail fo per(orm, dtscharge oxecute, efkd, camplete, tompty with end ab+de by this tov~nant, or any part hereof, saic+ MORTrAGEE may pleca a^d ~ pay for such tns~?ante or eny pi~t thereof w;thout watving or effecUR~ any opt~on, 11en, equ1W, ~r ri~ht under or by virtue of this hlo~tgage, and the t•'~~ ~ f~l) amo~nt of each and every v th payment shalt b~t immed(ete(y dv,r and payable and shall besr intere~t (rom tho date thercoi un~31 peid at the rate of • nine per centum par an~~um a~.~ together with svch Inter~~t shatl be s~a trd by Ihe lien of this inortgage. . , 4. To permit, co-,,mlt or suffer no wa~ta, Impalrmenl or de;3riarr tion of said property or any part thereof. - j 5. To pay a'~ and aingulsr the costs, charge~ and expense~, incivding a reasonable a~iomey's fee and coi~s of ebstradt of 1itle, inwrred or paid at j any time by sa~,, lNORT~AGEE, because or in ~he event of the fa11~n: on the part of the ie~~ h10RTGAGOR to duly, prompNy and fuily perform, d~scharge.. ~ e~cecuta,-et(e~t, complete, comply with and ab'da by each and even the etipola?ions, agrezmenis, condir;ons, a~d covenams of said promissory note and this , =mortgage any ~r ei+her, and sa~d costs, charges and e~pe~~ses, each and every,'ih,~Il be immediately due and payable; whether or not ~here be notice d~ ' - mend, aftempl i~ •oilect o~ suit pendiog; and tha t~ll amoun? e~ each ar.d avery u~;h payment thall beer interost from the date Ihereof unlil paid at the ' rate of ~ine per centu~- ner ennun,; and a11 said custs, chargrs rnd expeoses irxwred or pa~d, together w~th such interesl, shall be securcd by the iien of thi~ maf9age. , _ : ' : . - b. That (a) i~ the evenl of any ti~each o( thit hAo:+~aga or default on the part of the MORTGAG02, or (~.,)_in ifie evenl any of sa~d svms of money ~ . herein roferrad ~a be not promptly and ti.,,~v paid •r::.nin thirty (30) d~ys nex~ aftar ihe same ieverally become due and paya~~le, without demand or ~otice. _ ot (c) in the event each and every the stipul~t~uns, agreements, cordition~ and covenants oi sa~d promissory r.ote and th]s mottgage any or eithet are. no) - { . ~uty, promptly and fully performed, discharged, executed, eHec:ed, cocnpleted, complied with and abided 5y, then in either or any such event ths said ag- ~ gregate ~sum mentioned in said promissory note then remairing unpaid, with iriterest accrued, and all moneys setured hereby, shall Eecome due and pay ~ , able forthwith, or thrreafter, at 1he option oi said 4iORTG.tGEE, ~as tuily a~r~ completely as if afl of the said sums of money were originatly •tipulated ~ - to be paid m such day, anything in sa?d promissory note er in this hlortgage to the contrary notwithstanding; and ~here~po~ ot thereafter at the option of ; _ said h10RTGAGEE, vvithout notica or demand, suit at law or in equity, therefore or therea(rer begun, may be prosecuted as if all moneys secvred hereby ( had mawred prior to its institvtion. _ _ - 7. Ti~at i~ Iha event that at the beginning of or at any time peoding any su~t upon this A!ortgaye, o~ to ioreclose it, or to raform it, or to enforce ' paymenl of any claims hereunder, said A10RTGAG~E shall apply !o thz Court having ju:fsd~cf:on th~real fo: the appolnlment of a Receiver, svch Caurt shail Forthwith appoinl a receiver of said mortgaged property all and singula:, inctud~ng atl and si~~~uiar the incu+ne, profits, issues and revenues ir~m whatever i - source c~erived, each and every of wh~ch, ii bei~g express:y unders~ood, is hereby mortgageci as if speuficalty set forth and described in the granting and habendum clauses hereof, and svch Recsiver shall have aIl the broad and effective funct~o~s ar.d po.vers in anywise entrusted by a Covrt to a Receiver, and i such_appointment shall be made by such Court as an admitted equity and a matter of absofute r7ght :c seid MORTGAGEE, and without reference to the - ( adequacy or inadequacy of the value of the property mortgaged or to the so~vency or insofvency of snid MORTGAGOR or the defenddn!s, and that suth i rents, profits, income, issues and revenues shall be apptied dy such Receive: accord~ng to ihe tien or equity oi said MORTGAGEE'and tAe practice of such ( - Court. . . ~ , 8. To dvt , rom tl and full - F Y P p y y perform, discharge, exrcute, ef(ect, complete, con,ply with and abide by each and every the atipulations, agreements, . ~ • conditions and covenants in said_ pcomissory note a~d th;s martgage set forth. ! 9. That In the evenf thc ownership of the mortgaged premises, or any part thereof, becomes vested in a person other thnn the MORTGAGOR, the ~ -_..A10~TGAGEE, its successort ard assigns, may, w~thout notice to the A10RTGAOR, deal with such successor or successor in interesl wiih reference to thi~ mortgage an~ the debl hereby sttured in the samr manne: as wi!h l,lortgagoi withour in any way viliating or discharging the IAortgagors' Ilabitity here- i 'under or upon the debt hereby secured No sale of the premises hereby morfgaged and no iorbearance on the part of the /AORTGAGEE or its suaessors ; or ass+gns and ~o eatension of lhe time for the paymant of the debt hereby secured given by the h10RTGAGEE or its successoro ~r assigns, aha~) operote to ratease, d~scharge, modiFy changr or a(fect the origsnal IiabiGty of the MORTGAG(~R herein, either whole or in parL i 10. It is speuficalty agreed that time is oi the essence of Ihis contracl and that no waiver of any obligation hereupder or of the obligalion so- t t~red hereby shall a1 any lime thereafte~ b? hefd to be a rtiaiver of the terms hereof or ot the instrument secvred herby. • ' _ 1 ' t l. ln add:f~o~ to the (orege:ng month'y paym?nts of princ-aal and interest required by the promissory no!e secured hereby, morlpagor covenanh ~ and agreef to pay to~mortgagee v.•ith each monlhly paynent an additiona) svm est~mared by mortgagee to be equal io 1~12 of.ttie ennual cost of-the fotlow- ing: . ;e . ~ - ` : . j _ A-Ali real property taxes levied ~ assessed jgainst Ihe above desaibed,real estafe. • • } ~ B-Pren:'ums on f~re and windstorm ins~~rar.ce a:. here~n regu;red to be carried on the improvemeits situate an the above d~suibed premi~es. . ( C-Premiums on such mwtgage guaranty insurarce as mortgagee shail f~om t:m~ to time .deem fit to carry on the loan securrd hereby. . ~ _ Mortgagee shalt from iime 1o time nofify mortgagor in writ~ng of the amount due ar.d payable hereunder and such svm shall thereupon be due and payabte on the due date of the next month:y p~yme~t and each sutcessive month thereafter ur~il mortgagee shzll notify mortgagor of a change in such ~ amouM. Such sums shal{ bQ applied by mertgagee toward the payment of rezl properry -taxes, insurance prem:ums,~ and mortgage guaranty insurance ' premiums. - . _ - ~ - - . - ; - IN WITtYESS ~VHEREOf,_ the said J4tiORTGAGOR has hereunto set his hand and scal he day and year first aforesaid. . • ~ Signed, Sealed and de!ivered the presence of: f~l~~ ~#f_; ~f ~J~$~a . _ - ~ - ST. ttiC t ~.:~~NT7 ~l~_ - - - i . F.;~ : * ~J"RAS ` J 8. L~ (Seaq f CL~~iK :.:-+.U;i G~~JftT - (Seeq - ~A~f(?F~. Y_- ..~r~ ~ ^ ~ j ~ . - ~aro~. R: 1Natula ) : ~A1 ~ ~ ~.I 5~ 1 fZ ~ l ~ (Seal) . ; STATE Of fLORIDA ~ - - ~ ~ ? - ~ u. _ _ ~a'7~~~ - ~ COUN7Y UF ~t • LUC~~ _ . s Before ms personally appeared .l~R@3 ~BitU~a - and ~ j _ - ~&i'OZ _R• Matula - t,;s W;te, to me vrell knovrn and knovvn tn me to bs 4 the individuats d~scribed in and who execute~ ihe foregoing instrument, and acknewtedged before me that they execute~ the ~ame for the p~rpos>s ~ ti~erein expressed. And the said Car01 P.• ~8tL1~8 : - wife of the :aid - " '.I~CS NRtlili ~ - upon a sepa~ate and privats - examination by me taken sepnrate and aparl from her said h~sband, atknov.•~edged to and before me that she execufed said instrumeM freely and volun- larily and withovt any compulsion, cor:straint, apprehension, or fe of or /rom.her said hosband. ' WITNESS my hand and officiat seal this day of - MA A Q. ~y '~S ~ _ " . . . , Vot . - _ - ~ ary PvbGc in and th tate o.' Floride a1 targe ( Retum To: ~ - , My Commission exp s: • ~ t_ first Federal Savi _ - - ~ - - Ne~ry' Publ~c, Sta!o ei r'dor?3:~ a~ ~~r~r ~ ngs 3 Loan Associat;on - F=y Commiss:cn E~.'res ;u,'•; [2, )477 _ • ~ - Of For! P~erce. - Bor.ded - . ' ' ~orl Pierte, florida _ Y~~~r~:~~ f:re S Ca:w~ty G, ~ - _ ' . . ~ ~ _ " . _ _ " j~ - - ~ . . _ - . ! :r ~ . . . . . . _ ~ .j . . : ~ - This lnstrument Rrepared sy Gary F. Ellfrooti ~ ` ' t ~ ~ First ~ederal Savings 8~ I.oan Ass~ciation . - . ~ ' . ~ ~ ~ - - I - of Fort Pierce Florida . -y ~:c~ ~ t' _ i _ ~ _ - : `r ` . s _ ~ ~ ~ ~ • - • - ' ~ ' f f ~ ' _ - _ i Checked By . _ D R ~ ~ ' ' - e~ ' _ ' . ~ ~ - _ . 800K ~ PAGf ~J j " , ~ ` ~ : . : _,,;~5,,•:,;._ t, s. • , . ' ~`r~IJiti~lll~~~!` - . - _ - _ ~ _ _ _ ~ ;