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Home My WebLink About1680 3. To p!ace a~d continuo~sly keep or. Iho buildings now hereatler situete on sa~d land and on all e~uipment and personally tovered by thii mort~- sge, wi~h ell aremiums thereo~ pa~d in (ull, fire insurance in tho usual standjrd policy form, In a sum app~oved by Ihe MORTGAGEE, ~nd windstorm In~urance in Ihe ~sual standard pol~cy form, in a sum epproved by the h10RTGAGEE, in auch company or companlrs as the h1~RTGAGEE may - direcl; and al: firo and windsto~m insuronca polici~s on any of said twild~ngs, any intorest thcrein o~ part Ihereof, in Ihe agg~egate sum aloresaid or ~ t~ (n excest Ihereof, shall contain ihe ~sval sta~~dard mcvtgagee ciause or such other cia~sa as tfiy hlcrtgagee may require, rcaking Ihe loss unJer sa~d poti- cies, eath and every, payabfe to taid MORTGAGEE as its interest a~ay appear, and each and eve~y 3uch po~icy sf~ait be prom~tly ass'gned and da!ivered ~o ' any hatd by said MORTGAGEE as f~rth~r security to said mcrtgage dcbt, and, not less ~han ten (10) d~ys in advance o( the expiretion of each pulicy, to de• ~ ` liver to said h10RTGAGEE a ~e~ewal the?eot, together with a receipt for the premium o( such ~ene~.val; and there sha~l be no t~~e o~ wi~ds~or~n insurence ! pleted on any of said huilding~, any i~»eretl Iherein or parl Ihereof, un!ess in the form and with Itw Ioss payable as a(oresaid; and in the eve~t any s~m ' of money becomes payable u~der suth polity ot policias seid MORTGAGEE shall have th~ oplion Io recalvo and apply tha same on actount oF Ihe indebted• + nets secured here6y ot to permit aaid MORiGAGORS to receive and use it or any nar~ tharenf (~r o~her pur~,nsrs, .•,:~h~~f ~hsr.-6~ wa~~i~,.i nr ~n,i.a~n l~g any equity, lien or right under or by virtue ol this mortgape; and In the event ~aid A10RTGAGORS shall for any reason fail to keep ~he said premises so `~'1 ! insu~ed, or fail to deliver promptly any oF seid pol~cie~ of insurance to said MORIGAGEE, or fail promptly fo pay fu~ly any premium therefor or in any ;-ti••<. tespect fail to per(orm, dischar~e. exec~te, e((ec1, comp!eta, comply with and abida by thls covenant, or any part hereof, said MORTGAGEE may placr and ~ pdy for such inwrante or any part thereof without waiving or attecting any oplion, lien, eq~~ty, or right vr.der or by viriue cF this .rlortgage, and the full amovn! of each and every such paymenl shall be immediately dua and peyable and shall bear in!ere~c irom tha data thereo( until paid a1 the rate ot ' ~ nine pzr centum per annum and together with suth interest shatl be sccured by the fien of th~s mortgage. 4. To permi~, commit or suffer no waste, in,pairment or deteriorat~on of said property or any ~art thereof. - 5. To pay all end iingular the costs, therges and e~pensrs, including a reasonable attorney i fee and costs ot abstratts of fitle, incurred or paid at _ any time by said MORiGAG:E, because or in the event of ths failure on the part of the said htORTGAGOR to duly, promptly and f~lly pe~FOrm, distharge. sxecvte, efFect, complete, comply with aRd sb:de by each and every the stipulal~ons, agreen,ents, cond~tions, and c~venanis of said promissory note and this n:o~tgage eny or either, and said costs, charges and expenses, each and every, shall• be immediately due and payable; whether w no1 there be no+ite d~ ~ ~ ' mend, attempt to co11ec1 or suit pendinc~; a~~d the full a~r.o~nt of each and eve~y such payment thatl bear intereat frorn the date thereof vntil paid al the ~at, of nine per centum per annum; and alt :aid costs, cherges ar.d expenses irxurred cr paid, togethet w~th wch interest, shall ba ~ecured by the Gen of thii mo?tgage. . - _ 6. The1 (a) in tha evenf of any breach o( this Mortgage o? defaulT on the part of the h50RTGAGOR, or (b) in ihe event any of said sums of money herein re(erred to be not promptly and fol~y paid within thirty (30) days next after ihe same severafly become due and payable, withovt dema~d or notice, or (t) tn tha event eath and every the slipulations, agrcements, ton~itions and covenants ot sa:d promissory nofe and this mortgage aoy or eEthe~ are ~of ~uly, promptly and fu!ly pe~formed, d~s~harged, execvted, eife~red, completed, complied w~th and abided by, then in either or any ;vch event the said ag gregate sum meNioned i~ said promissory note then remaining unpaid, with interest aarued, and all moneys secured h~reby, shall become due and pay - able forlhwith, or the~eafter, a1 Ihe option of said MORTGAGEE, as fully and comptetety as it all of the said svms of money were originally sGpulated to be pa~d on such day, anything in sa:d promissory note or in this ~.lorlgage to the contrary nohvithstanding; and thereupon or thereafter at Ihe option of said MORTGAGEE, wiil~oul n~• !e or demanJ, suit at law or in equity, theretore or thereafte~ begvn, may be ~prosecUted as if all moneys secvred hereby had matured prior ~o its ii~stitution. 7. That in the ~rvent tha~ at the beginn;ng of or at any time pendi~g any suit vpen this Mortgage, or to foreclo3e it, or to reform it, or to e~force " payment of a~y cfaima hereur.der, said h10RTGAGEE sha!I apply to tha Cour~ having jur~sdktiori thereo( tor the appoinTment of a Reteiver, such Court shaU forthwith appoint a receiver of said mo~tgaged property all and singular, inclvd~ng aIl znd s~n~utar the income, prof~ts, isaves a~d revenues from whateve~ _ saurce derived, eath and eve~y of which, it being expressly understood, is hereby mortgaged as if spec~fically set forth and desuibed in the granting and habendum tla~ses hereof, and :uch Recriver shall have all the broad a~d effective func~:ens and powers in anywise entrusted by a Court to a Receiver, and such appointmenl shall be made by such Court as an admitted equity and a r.:atter of absolute right to said h50RTGAGEE, artd without refeience .to the ndequacy or inadequacy of the value of the prope:t; mortgaged or to the so;vency or insoivcncy of se:d hSQRTGAGOR or the defendams, and that such rents, profits, income, issves and revenues shall be applied by such Receiver a:cording to the lien or eyuity of said MORTGAGEE and the proclice of such Court. - 8. To duly, promptly and fufly petform, discharge, execute, effec~, complete, comply with and abide by each and every the stipulations, .agreemenfs, - tondition3 and covenants in said promissory note and this morfgage set forth. , 9. 7hat in the event the owners~ip of the mortgaged premises, or any part thereof, becomes vestetl in a pcrson otfier than the MORTGAGOR, the MOkTGAGEE, its successors and assi~ns, may, ~,ithout notice ro?he MORTGAOR, deal w;th such successor o? successor in interesi with reference ta this _ mortgage and the dett hereby secvred in the same manner as with 1~lo~tgagor without in any way vitiating or discharging the 1llortgagors' liability h~;re~ under or upon the deht hereby sec~red. No =a!e of the pre~ilses hcrrby m,:tyaged a~d no forbearance.on the part of tht h10RiGAGEE or it~ successo~s or assigns and no extensio~ of the time for ~he payment of the debt hereby secvred given by the MORTGAGEE or its svccessors or ass~gns, ihall eperate to release, d~scharge, modify change ot affect the orig~nal liabi~ity of the MORTGAGOR herein, ei?her in whole or in parL - ~ 10. N is spe.ifically agreerl that time is of the essence of this tontract and th~t no waiver of any obligation Fbergrittcjar or o t E obligalion sr ; cured h.~reby shall at any time thereafter be hefd to be a waiver of the terms_hereof or of the instrument sec~red he~by. 11. In add~tio~ to th> forego"ng monthly paym~nts of princ"pa~ and interest requ~red by the, promissory note sec~red hereby, mo:toagor covenants and agrees M pay to mortgagee with eac~ mon~h!y pay:r,em an add;uonal sum est~maied by mortgagee to be equal to 1~12 of the annual cost of the follow- ' i i ~ in~: - . . . ' - • - ~ ~ A-Ali real properfy taxes levied or assessnd agai,isl the above d=scrEbed real estate. • t B-Premiurns on fire and `w;ndsto~m inswsr.ce as herein requ;red to be carried en tha im~rovements situate on the above d~scriF,ed premises. ? C-Premiums on such mortgage g~aranty ir,surance as mo~tgagea 'shrll fro:n lime to time deem fit to carry on the loan secured hereby. - - h!ortgagee shail from time to iime no~ify mortgagor in wririr.g o1 the amount due and payable hereunder and such sum shall thrreupon be du> and i payable on the dur date o1 the next monthly payment and each successive month thereafter until mortgagee shall notify mortgagor of a change in svch - amounl_ Such sums sha;l be apptied by mortgagee tos+ard the payment of real properry taxes, insuronte prem:vms, and mortgage guarsnty insvrante ~ premiums. IN V11T ESS WHEREOF, the said ~d RTGAGQR has hereunto set his har.d and seal 16e day and year first aforesaid. _ t Sig Sealed and . iv ed ' presence . . i - - ~ _ - i~~'buc~E ~~u~M~Y L ~ ~~s~~. - ~IOCER AO?r1t1~1 ti Be F t~ood ~ ~ - CI.EI~K CIRCUit OOl~llt ~ _ -(se'~) . _ i' ~ - RECORD VERIFfEp.....~...~ ~na L', I~ood (~a~~ ~ ^ ~ 11 3 ~3 ~N' / ~ (Seal) i 3 - S~ATf Of fIORIDA ~ - 31~~1~ COUNTY OF _ ~t. Lucie ~ Befcre me pe:.onafly app.rared _ Be17 F' • WOOd and Ftlria i__ ~4'00 ~ his wife, to•me well k~own and known to me to be the ind+vidvals described in and who executed the foregoing instrument, and acknowledge6 before me that they ~ executed the same for the purpozes ' therein expressed. And the sz~d F.ctna L.. ~S~OOC~ - wife of the said 13nn R. Wt~t~d npon a separate and privata exam~nat~on by me taken separate and apart from her said husband, acknowledged to and before me that she exec~ted said instrument freely and, volum larily and withcjt zny compulsion, constraint, apprefienr,on, r fear of or from her sa;d husband. YlITNESS my hand and official seal this day of - A. D. 19 75 ~ Notary Public i nd the ~State of Florida at Large _ . . My Commission expir s• . • Retum To: ~y PNo!c~~ Pe!:I~:, 5'a7•, eF F~;r:c'~ n: u,rre _ Firzt Federal Savings b loan Assotiation ' - A1y CGr,.a::;t:3r. ~_y,::;; t;~!y 22, i9T! - Of forf Plerce._ . Gu::itd i:/ l;r.stri_ca 't.~- f: Casvalf/ Co: Fdrt Pierce, florida _ . . , - . _ . ' ~ . - . 'r ' s' . - _ - . . - - ~ _ ` _ ' ~ u. ~ .IM~'_, . This Instrument Prepared By Robert A. Swi.sh~r Jr. ' v i f'`:~ra~ t' First FedeFal Savings 8~ Loan Association !~';'~:`~y~• _ r ~'r t L~~_ of Fort Pierce ~ Florida_ 33450 ~ ~ ~ ? _ - Checked B~` a00K~~~ P,~Gf~~~ ~ r c~_ ~ Y ~t7 ~O f~J ~ - . ~ n . :7;=: ` . . ~ _ •~•.5:,,•~; , . _ . ~ ; ~ ~ ~ . - . ' .:~111\~~ s ~ • ' ~ - dz _ ------=---t..--