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Home My WebLink About2759 3. To placa and ccminuau:ry 'ceep on the bui!dinc~s no~v o~ heraafter ~ituata on sa~d land and on all equipment and personally c~vered 5/ this mo~tg• ae~e, with all premiums tl:ereo~~ p~id in :u~~, fire insurance in tha usu~i stand~rd Folicy (ctm, in a sum epproved by ih~ 1.10RIGAGEE, enJ windsto~~n ~ - insuronce In Iha uwal s~ai.,iard pot:cy (o~m, in a wm approved by the MORTGAGEE, in iuch tompany ar companies ~s tne h10R1GAGEE may i direct; and all (ire and_ wfndstorm ir,~urance polities on any of s.~id bI:;IJ~ngs, any infrias: therein ot part therecf, in Ihe aygr_gate sum afores~id or in excess thereof, sf~all cunrain the usual star.d~rd mortgagee cla~se or w-h oiher cl:,~se as the hlortgagee may requ~re, making Ihe loss undar saiJ poli• ~ ~ eie~, each and every, payab!e -to said h10R'GAGEc as its intarrsl may appear, ar~d each a~:d every svch p~!icy shall be promNtly ass gned and delivered ro ~ any hefd by said h10RTGAGEE as f~rlh:r setvrity ~o said morl9age debt, and, not Ices Ihan ten (10) days in adv~nce of Iha exFiratlon of each pol~cy, 1o da- _ 4 liver to said A10RTGr>GEF a renewal Ihareof, to9eihar with a receipl (or the premium of svch renexal; and there shall ba na Gre or winditorm inevronca - placed on any of said k~uildings, any interesl Ihcrcin or pa~t thcreo(, ~nless in thr form and with the loss ~:ayable as ~ioresaid; and in Ihe event any sum ~ of money lxtomes payrblo under such polity t• policies said MORTGAGEE shall have tha option to recaive and apply !ho same on actoum of Ihe indebted• ' " ness secured hereby or to permit sa~d t~10RTGAGi."~ receive and use it or any part ihereof ior o:her pur~~oses, v~iihout th~rru; .~ai.i~i~ or uupair- ing any eqoily, lien or right under a by virtue of this ma::y~ge; and in the evenl said MORTGAGORS shall fot any reason fail to keep the said Frerr~ses so tnsured, or fail io de~iver promptly any of said poGcies of ina vance to said h10RiGAGEE, or fail promptly to pay f~11y any premium therafor or in any tespecf (ail to peiform, discharge, exetute, e(fect, compteta, compty with and abide by this covenenl, or any pa~l heteof, said MORiGAGEE may plata a~d pay for such Insurance or any part thereof without ~vaiviiig or affecling any o~tion, lien, equity, or righl under or by virtue of rhii h~ortgage, a~o the ~ full amour.t of eath and every such paymeM shall be immediately clu~ and payable and shall bear interesl irom tha date thereof unlil paid at the rate o1 nine per cenlun; per annum or.d togelher ~.vi!!i svch If.SCf~SI shali ba secured by the lien o( th;s mortgage. 4. To permit, commit or suffer no vrasle, impairrnent or dctrrioration af sa~d propcrty or any part thereof. . i 5. To pay all and singular the costs, charges and expenses, induding a rer,Sonable attomey's fee and costs of abslrads o( litle, incurred or paid at ~ any iime by said htORTGAGEE; becavse or in ihe e+ent oi the failure on the p.~~ of tha.said hiORTGAGOR to duly, prompily and fully perform, d~stharge, execvte, effed, co,np!ete, comply w~th and ab:da by each and every the stipulati~ns, agreements, co~ditions, and covenants of said promissory note and this ' ' mortgage any or either, anJ sa:d costs, char9es ai:d expenses, each and every, shall be immedialely due and payab!e; whether or ~ot there be ootice da ~ mand, attempt lo tollect or s~it pend~r,g; and the full amouM of each and e~•ery suth paymeN shall bear interest 1rom Ihe dato thareof until paid at the ~ rate of nino per ceNwn por annum; anc: all said costs, charges ~nd expenses ir,wrred or ~.jiti, together ~v~th suth ioterest, shall 66 sewred by the tien of this ~ mortgago. - . , ! _ , - 6. That (a) in the event of any breach of this Mo+tgago or de(ault on ths part oi the MORTGAGOR, or (b) in the evenl any of said sums of money i herein reFerred to be not promptty and fully paid within thirty (30) days next after the same severally 6ecome due and payable, wilheut demand or nutice, ? or (c) in Iha e~ent each and every the sliputatiuns, agreements, conditions and covenaats of sa:d prornissory note and th~s mortgage any or ~ither are not ~ ~uly, promptly and (uliy performed, d~schargad, ezecuted, ef(eCed, completed, complled v:+th and ab~ded tiy, then in either or any such evenl the sa~d ag• ~ gregate sum mentioncd in sa~tl promissory note then remaining unpaid, ~vith in~crest accrued, -and all moneys set~~ed hereby, shall become due and pay- ~ abte forth~vith, or thereatter, at Ihe option of said h1QRTGAGEE, as fully a~~d comp!etcly as ii all of th~ said sums of money were originafly stlpula~ed t _ to be pa:d on such day, anythin~ in sa:J pro~n~ssory note or in this A1e~tgage to the contrary nohvithstanding; anJ thzreupon or thereaiter at the option of ; said h50RTGAGEE, withoW notice or demand, suit at law or in eq~ity, therefore or thcrvalter begun, may be prosetuted.as if all moneys secured hereby 'jjj h>d matured pnor to ~ts inst~tution. ~ ~ 7. That in the event that at the bec3inn:ng of or at any time pendiny any suit upon th~s ltlortgage, er to foreclose it, or to teform it, or to enforce payment of a~y clsims hz~eunder, siid I~IORTGi.GEE shal) appty fo tiie Court h~vl~zg ju~~id:c~ion ~tiereo! foc the appointmenl of a Receiver, such Court shall - ` forihwith apao~nt a re:ei~cr oE s~iu mortqaged pro~er~y all and :ingular, inctud:ng atl ar.d sinyular the income, Frofi~s, issues and reven~es from vrhatever . ~ seu:ce de:ived, each and every of wh:ch, it be~ng e~press'y unde~stoed, is hereby mcrrg3ged as if specifitally set forth and described in the graNing and ! habendum dauses hercof, and such Recei~•e: shalt F~ave afl the broad and effecrlve fc;nU:ons and povrers in a~ywise entrudted by a Cour1 to a Receiver, and such appoinrrnenl shall be made by such Court as an admitted equity and a n:att~r o( absolute righi to said MORTGAGEE, and without referente to fhe adeqvacy or inadrqvacy of the va:ue oi rhe property mortgaged or to the so:vency er i~isotvency of said 1117RiGAGOR or the detendants, and Ihat such rents, Frof~ts, income, issues and revenues shail be app!ied by such Recaiver a:cord;~:g to the lien or eqviiy of sai8••IAORTGAGEE and the praclice of such ' Court. - . i . 8. To duly, prompt!y and futly per'orm, di:charge, execute, effect, complete, con~pt~r with and abide by each and every the stipulations, agreements, conditiens and covenents in sa~d promissory r.ote and thts mortgage set fortn. _ ~ 9. ThaT in. the ev?~t the ownership of thc rtwngaged premises, or any part thereo/, becomes vested in a person other than fhe h10RTGAGOR, the • h!ORTGAGEE, its succrssors and assi~ns, may, ~vi:hovf notice to the ~:,02TGf•OR, deal r.ith such successor or successor in inte?esl wiih reference to tFis ~ _ mortgage znd the debl hereby secured in 1he sam? manner as v~ith ~!oityagor ;vithoW in any way vitiating or d~schargin9 the fllortgagors' liability here- . under or upon the debt hereby secured. ?~o sat~ of the Fremis_s hereby rnortgaged ar.d r~o forbearance on the part of Ihe 1JIORiGAGEE or itx successors or assigns and no extension of the tima for the payment of the debt h~~cby se:ured given by the t.10RTGAGEE or i:s successors or ass;gns, ahall operate to releasa, discharge, modify change or affect the orig~nal liab+;ity of ~he h:ORTGAGOR hetein, either in who~e or in_eart. ' ~ ~ ]0. It iz spec~fically agreed that ti~ne is of the essence of this contract and ihat no waiver of any o~lioation hereunder or of the obligation se- tvred hereby sha!i at any timc thereafter be he!~ to he a waiver of the ?erms hereai or of the instrumenl secured herby. - - 11. In ~dd~rio~ ro the ferego'n~ mon!n!y pa~m~r.IS oi pq)~c"pal ar.d in!erest requ~red by the prom:ssory nore secured hereb~, mo:tga~or covenan~s _ and agrces te pay to mortg~gce v:ith e~ch n~.amhly palmenr an add~r;o~i3i sum eslin;a!ed by m~rtgagee lo b.~ eq~al to 1 j 12 of the annval cost of the follow- ing: ~ - ~ ~ A-All real property taxes ievi:d or assessed agai~~s~ th~ above d~icribed r=a1 es'are. _ i B-Pram+vms o~ fire and ~•:i:~dsta<<n insura~~te as i;erein mqu~red to be carried on the improvemenls situate on th~ above described premises. C-Premiua~s on such morig-:ge guaranty irsurar.;e as mort9age>_ shall (rom t~rr;e ro time deem fit to carry on the toan secured hereby. i A=.ortgagee sha~i frem t;mc to.t~mc notify mortga~~r in v:r;ting of the a:rount due and payab!e hereunder and such sum shafl Ihcreupon be due and ~ payable on the due ciate of tne next mpnthly pa}•:r.ent and each successive month thereafter ur~til mortg3gee shall r.otify mortgagor of a chang2 in such amount. Sucii sums shail Le appiied hy rnortyag^e.ror:ard the pa7ment of reat preperty taxes, insvrante prem;vms, a~~d mortgage guaranty insu:ance - pre~ni~ms. - E IN ~'~ITNESS VJHfREOF, the sa~d h'~ORiGAGOR has h~reunlo set his hard and seal t!~e dby and year first afore ai ~ S Signed, Sealed and delivered in the presence of: ~ ~ ~ _ - F,~fc h4< <;=c,~~oEO --p~it~ Seal) t ! - sf. ~ucs~ ;,~~)kTT FIA. ~ _ . F,~GC~. = i:?F,q$ - - (Seal) ~ _ _ ' - - - CiEnC :~T ~OURT - - - °CC('k'+ , ,EC~ (Seaq ~ - - - (Seaq STATE OF fLORIDA _ M?1Y ~ 38 a~ ~T~ • ~ COUNTY Of ~ St . Luci e ~ _ l - a~~~~ ~ B:fore me personaHy appeared ~aeS1C'~r P7CUSS1.T1(~ " and ' __~Ic~r~ C.'_ ~rU~'SS111C~ his wife, to me well known and kn~•,vn to me to be ~ fhe individva's described in and who exzcuted the foregoing instrument, and acknowiedged bf.'ore me that th=y exec~ted the same far the purposes therein expressed. And the said -~i y C• Pr u s s i n g wife of the sa~d ~'leSl~y E. Prussing - _ ~ _ , ~pon a separaTe and private - exam+natior. by me taken separate and apart from her said ~husband, atkno•xledged to and before me thai she exetuted said instrument freely and votun- F . ~arily and vrithout any compulsion, tonstraint, apprehension, or feap of or from her said husband. ' - F - ~YITNESS my hand ar,d official sea! lhis-~~ ~ day of A. D. 19~.r2 ' F ~ ~ ~ f ~ ~ . ' - . . -i' - - t - _ Notary Public in an or the,$iale of florida at La~ge _ - - - h1y Comm;ssion er~ ires: / - - Relum To: - , fint Federal Savings E. loan Associ~t~on - HOThRf PI~C'UG. SifiTE of RORIDA 3t LARGE _ Of Fort P;erce. ~ " . MY CC.'.!:'!_.~.it;: :iPt.°.ES Jr~tL 7. 1917 ~ ! Fort Pietce, Fterid3 _ ° 8~,,,icd Gy t+ti~~IKe~ i1aL;iSC(S ~Ii5Uf8i}C9 i; . - ~ • ' - - - r " ~t_,tti!t;ly• . ~ . _ t v ~ t! $ ~f~f/'~ , This Instrument.Prepared By Richard K. Kayes ~ _~`,~~••",r .~''l~~ ~ Q ~ ' ti ' First Federal Savings 8~ Loan Association . • s.J _ of Fort Pierce ~ rlor7ida _ . - ~ ' ~>~_`?i;~^ t ~ ~ 4 ~ ~ ` • ` Checked 8y ~ - $DD1( ~ _ . ~ . ~ ~ ~ • ~j = ~ • ~ : . ~ ~ ~ ' ~ ~ ~ ~ ~ •~~k ? . ' - . . - _ . _ ~ _ ~1• ' • ~ ~ - t \ Sr~T~ , ^ - z~ , /~~Jrl!lttfitl~':='~:~ - f _ ' " ' 4 - . 1