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Home My WebLink About0313 ~ ~ 3. To place and continuousty keep on fhe tvi(dings now or hereafJa~ Eituate on said land and on a~l equipment and penonally covered by this morty- eyer, .v:t~~ 8~1 p~~,~~i;;.~ :~~:°•e^n g>~a f~~~~, firP insuranca in ~hz usvai st~ndard policy (orm, ~n a sum app;oved by the MORiGAGEE, and wi~dsform insvrance in the usual standard pa!;cy form, in a svm approved by the titORTGAGEE, in such tcrnpany or CUL7~)ODiC9 as it~o ,':~^T~.^,~:~ r.~_p dlredt and ail fire and windst9rm insulance policiES on a~y of aaid buildtngs, any interast lherein or p++rt thereof, in the aggregate svm etcresald or in excess thereof, ~hall conlain tha usval xtandard mortgagee clause or such other cla~ne ai the Mortgagee may requ~re, making tha toss under ~aid pol}~ ciet, each and every, paya6fe to said h50RiGAGEE as its interest may appear, and each and evety such pol~cy sha~i be promptty ass:gned and delivered ta any held by aaid h50RTGAGEE as further security to said mortgaga debt, and, nol less than 1en (10) days in advance of the expiretion of each policy, to de• liver to said hl~RiGAGEE a renewal Ihereof, together wi~h a receipt for the premium o( such renewat; and there shall bs no fire oi windstorm insuranca pla:td on any of said buitdings, eny interesl the~ein or part lhereoF, vnless in the form' and with Ihe loss payable as aforesaid; and in tht event any sum of monay becomes payabte under such poticy or policies said MORTGAGEE ~hail have the option to recrive ana appiy ine se~iir 3n atcouM ol the frv?abted• ness secvred hereby or tc~ permit said ~dORTGAGORS lo receiva and use it or any part ~hereof (o, othcr purposas, w~thout ~hsreb~ waivi~~g ~r impair• y ing any equ+fy, lien oi righl under or by virtue of this mo:tgage; and in Ihe evenl said h10RTGAGORS shall fur any rea~on fail to keep the said pramises sa tnsvred, or fail to deliver promptly any oF said policies of insurmnce to said h10RTGAGEE, or fail promptty to pay iutly any premium theretor or in any respect fail to per(orm, d~scharge, execute, eFfect, completa, comply with and abide by this covanant, .•r any part hereof, said MORTGAGEE may plate and ~ pay for such irtsurance or any part thereof without watving or affecling any optior„ lien, equity, or right under or by virtue of this hlortgage, and tht t full amount of each and every such payment shall be immediately due ar.d payabte and shall bear intarest from tha date the~eof until paid at the rate ol ~ nine per cenrum per annum and tegethe~ with suth interesl shatl be secured by the lien of this mort9aga: 4. To permit, commi! or suffer no wastc, tmpairment or deterioration of said property or arty part thereof, S. To pay all and singular the ~costs, tharges and expenses, including a reawnable at~orney's fee and cosls of abstrads of title, incurred or paid at any tirtie by said h10RTGAGfE, becaus! or in the event of the failure on Ihe part of the said h10RTGAGUR to duly, promptly and fully perform, d~scharge. execute, effect, comptete, comply with and abide by each and every Ihe stipulations, agreements, conditions, and cevenants of said promissory note and thi~ mortgage any or either, and sa~d costs, charqes and expenaes, each and every, shall be immediate:y due and payable; whelher or not there be notice dt mand, attempt to collecl or suit pending; and the full amo~nt of each and every svch payment shall brar interest from the date thereof until p~id at the ~ate of nine per cenrum per annum; and all said costs, charges and expznses incurred or paid, together with such interest, shatl be :ecured by the lien of ihis ' f mottgage. i A. That (a) in the event of any breach of this Mortgaga or default on the part of the MORTGAGOR, or (b) in the eve~t any of sa~d ~ums of money heretn referred ~o be not prompNy and fully paid withirt thi~ty (30) days next afier Ihe same severally become due and payab~e, without demand or notice, or (c) in the eve~t each and every the stipulations, agreements, conditions and tovenants of sa~d promissory note and th~s mortgage any or either are not ~uly, promptly and fully performed, d~scharged, executed, efie;tad, compteted, complied with and abided 5y, then in eithe? or any svch event the said ag- gregata ~um mentioned in said promissory note then remaining unpaid, with interest accrued, and all moneys secured hereby, shall become dve and pay- able iorthwith, or thereafrer, at the opt;on of sa~d MORTGAGEE, as fully and completely as if all of the said svms of mo~ey were or~ginelty stipulated to be pa~d on such day, anything in said prom~ssory note or in thi3 hlortgaqe to the contrary notwithstanding; and thereupon or therea(ter al the option of snid MORTGAGEE, without not~ce or demand, suit at law or in equily, therefore or therealter begun, may be prosecu!ed as if all moneys secured hereby had matured prior to its inslitufion. 7. Tha~ in the event that at the beginning of or at any time pend;ng aqy suit vpon th~s Mortgage, or to fo~eclosa it, or fo reform i!, or to enforce payment of any tlaims hereunder, said h10RTGAGEE shall apply to the Court having jueisdiction thereo( for the appo~ntmeM of a Receiver, s~ch Court shall Fortliwith appoint a receiver of said mortgaged property ali a~d singular, includ~ng atl and singular the income, pro(its, isnues and revenues from whatever source derived, each and every of wh~ch, it being expressly undersrood, ;s hereby mortgaged as if tpeufically sel forth and described in the 9ranring and habendum c~auses hereof, and such Receiver shall have all the broad and effect~ve funct~ons and oowers in any.vise entrvsted by a Court to a Receiver, and suth appointmenl shall be made by such Court as an admitted equity and a matter of absolute right to said IttORTGAGEE, and without refe~ente !o the e~equacy or inadequacy of Ohe value of ?he proper)y mortgnged or to the sotventy or insolvency of said MORiGAGOR or the defendants, and that such rents, profits, intome, i:sues and revenues shall be applied by such Receiver accord~ny to the lien or equity of said 1.10RTGAGEE and the pracfice of such Court. ( 8_ To duly, promptly and fufly perform, discharge, execute, effect, complete, comply tivith and abide by each and every the sfipulations, agreements, conditions and covenanrs in said promissory note and this mortgage set forth. 9. That in the event the ownersfiip of the mo:tgaged premi:es, or any pjrt thereof, becomes vested in a person other than the MORTGAGOR, the MORTGAGEE, its successors and assigns, may, without n~tice to the MORTGAOR, deal with such successor or successor in ente~esl wi~h reference fo 1h;s mortgage and the debf hereby secured in the same manner as wilh fAortgagor without in any way vitiating or discharging the hlortgagors' liabi~ity here- under or upon the debt hereby secured. No sale of the premises hereby m~rtgaged and no iorbearance on Ihe parl of the MORTGAGEE or its successors ~ or assigns and no extension of the time for tne payment of the debt h<reby secured given by the MORTGAGEE or its successors or assigns, a~all operate ~ lo release, discharge, modify change or affect the original liability of the MORTGAGOR herein, either in whole or in p~rt. , 10. It is speu{ically agreed ?hat t~me is of the essence of th~s contrac~ and that no waiver of any obliget~on here~nder or of the obligation se- n.cred hereby shail at any fime thereaf~er be held to be a waiver of tF,e f~rms hereof or of the instrument se<ured herby. ' 11. In add~tion to the forego:ng monthfy paymznts of princ'pD~ and interest reqviied by the promisso~y note secured here5y, mortgagor covenants ` and agrees to pay to mortgagee ~rith each month!y payment an add~rional sum es~~mated by mortgagee to be eqval to 1; 12 of the annual cost of the foilovv- j ing: { A-All real property fax2s levied or assessed against the above destribed real estate. B-Premiums on fire and windstorm insurance as here~n requ~red fo be carried on the +mproveme~ts situate on ihe above described premises. C-Premiums on zuch moric~aye guaranfy insurar,ce as mortgagee shall from t~me to time deem fit to carry on the loan secured hereby. Mortgagee shall from time to time notify mortgagor in writing of the amount due and payable hereundu and such wm shall thereupon be due and i payable on tfie due date of the next monthty payment and each successive monfh thereafter ur.til mortaagee shaN ~otify mortgagor of a change in such } amovnt. Such sums shall be applied by mortgagee toward the payment of real property taxes, insurance prem;ums, and mortgage guaranty insurance , premiums. ~ IN WITNE55 WHEREOF, the said A10RTGAGOR has hereunto set his hand and seaf the day and year first aforesaid. 4 ned, enled and d iiv~red^in the presence of: ! ` ~ { ~ ~ ~ (Seal) ? (Seal) ~ ($eal) ~ ($eal) ~ STATE OF fLORIDA ~ COUNTY OF Sti. Lucie ~ ' j Before me personally appeared Harvey L88 Williams 8t1(~ ~a°nd- ~ Pearl Williams 1 - his w~fe, to me we(I known and kr~oyyn to me to be ~ fhe fndividuals described in and who exetuted the foregaing instrumen?, and atknov~ledged before me tha! they exewted the _~hit~ ~or.~ t{ie ~rposes ~ therein expressed. And the said p e a r 1 W i 11 i ams ~ - • e, . ~ wi(e of the eaid Nr~ rv P. W i 1 1 i Am q upor~~~°separa~ and~rl~~. examination by me faken separate and apart from her said husband, atknowledged to and before me that she executed said irufry~na~f~fraeiy~r~ vglvn=_. tarily and witho~t any tomputsion, constrainf, apprehers;on, or fear of or from her said husband. • • ~ Januery ° ~r WITNESS my hand and official seal this day of t' ~ q,. p; iq' ~76 ' . . "'"'~""'°"'y' T - ~ L/~{]J~' 1 : 1 . ~ ~G ~~+~-~T~ ~ . t ` t ~ ye Notary PvblSc in and fo~ the Stafe a3~. F~id~-~a1 lnr e.~' - y My Commission eapires: ' t• 9~'~, Rerum To: • ~OtBty ~It. Jt~l,`A~i~~Ofldt ~t tifge First F~dpral Savings b Loan Association ORpEO 7~1y tommission Expiie's`~:Z~, i969 Of fort Pierte. D RE~{ ~ .'FOi~ ~iQ~ce.~Florida Q~~,,,~f,^r(~ -R~~~ 6ended 5y Ar.~ric~n fu~ ~ CasusGr Co. . ~ ~ ~ ~ I~~ (~~tCt~~ `S~ 1`-~ _ . , ~ ~ , 2 y _ - - ' , +66 JAN 3 P~~ ~ ' : 1 ~ ~ , • - ~4~'7~~ ; _ . . _ . . ~o~`ta i 01 i Rt~SV~ TYftK. ~ - ~ • : _ ~U C ~ ~ ~ ~ ' i ; • . . ~LpRt~A ~ , ~'~'~t: i: l ~ c % . ~ - ~QOK ~.35 ~ ~ _ ~ , ~ ~ . _ 3~~ ~