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Home My WebLink About0481 3. T~ place and continuo•rsly kee~ o~ Ihe 6ui!d~ngs now or hereatter s~tuatr on said land and on all equipn,enl and perso:+ally covered by this mortg• age, with all premiu~r's thereon pald in full, fre ins~rante in the usual standard policy form, in a sum approved by the h10RTGl~GEE, and windslorm i~surance In ~he usual s~andard pol~cy form, in a sum approved by the h1QRTGAGfE, in such company or companies as the A10RT(iAGEE rnay diretl; a~~d a:l 1~re and windstom~ insurante po'~ues on any oi sa~o ouiiU~ngS, any ir~terrsi ii~eiriii oi pori i~~~~~~~, ayy:~ya:~ :~t;: a`;;:s~5a=~ ln extess lhereof, ~fiall contain the usual standard mort~a9ee c~ause or suth oiher tlause as Iha Mortyagee may require, makirg Ihe loss under said poli- ciei, each and every, payable to said h1GR1GAGEE as ~1s interest may appe~r, and each and every such poGcy shall be prompHy ase gned and delivered ~o any held by said h10RTGAGEE as furlher security to said mortgage debt, and, not less than ten (10) days in advance of the expiration of each policy, to de- liver to ~aid h10RTGAGEE a renewal Ihereof, together with a ~eceipt fo~ the premium of such rene~val; and there shall be no fire or ~vi~dstorm in~urance placed on any of said buiid~ngs, any inte~est there+n or part thareof, unless in the form'and with the loss payable as a(oresaid; and in Ihe event any sum of money bacomes payable ur.der such policy or policies said MORTGAGEE shall have the opt~on to receive and appiy the same on accounl o~ the indebted- ness secvred hereby or to pe~mit said MORTGAGORS to receive and use it er any parl thereoi lo~ other purposes, v+~~hout th~icb,r waivi~~3 or impair. ing any rquity, lien or righl under or by virtue of Ihis morlgage; and in Ihe event said h10RTGAGORS shall tor any reason fail fo keep the said premises so insured, or fail to deliver promptly any of said polities o( insurance to said MORTGAGEE, or fail promptly to pay iulty any premium therefor or in any ros~ec~ fail to f+?rform; d~etharge, P%ACUTCr r.(frct, comnlete, comoly with and abide by this tovenanl, or any part hereof, snid A50RTGAGEE may p~ate and pay (or suth inwrance or any part thereof without watvin~ or affecting any opfion, lien, equiry, or righ! under ~r by virtue o( Ihis Mertgage, and tht full amount of eath and every such payment shall be immediately due and payable and shall bear interest from tha date therco( until paid at the rate ol nine per centum per annum and to~elher with such intere:t shall be secured by the lien of this mortgage. 4. To permif, commit or su(fer no waste, icnpairmenl or deterioration of said property or any parf thereof. 5. To pey all and singular the ~costs, charges and expenses, inciuding a reasonable attorney's fee and costs of abstracts of title, incurred or paid at any time by said MORTGAGfE, becaus! or in the evenl of the failure en 1he parf of the said MORTGAGQR to duly, promptly and fully perform, Jischarge, execute, e(fect, complete, comply with and ab;de by each and every the stipulations, agreements, conditions, and covenants of said promissory noie and th~3 mortgage any or ei~her, and sa:d costs, charges and expenaes, each and every, shall be immediately due and payable; whether or not there be notite de mand, attempt to collecl or suit pend~ng; and the full amount of each and every such payment shall bear interest from the date thereof until paid at the rate of nine per cent~m per ann~lm; and all said costs, charges and expenses incurred or paid, togelher with such interest, shall be secured by the lien of Ihis mortgage. 6. That (a) in the event of any breach of this Mortgage or defa~lf on tha part of the MORiGAGOR, or (b} in the eveni any of ea~d sums of morey herein referred to be not promptly and fully paid within thirty (30) days next after the same severally become dve and payable, without demand or notice, or (c) in the even~ each and every the stipulations, agreements, canditions and tovenants of said promissory note and th~s rnortgage any or either are not ~uly, promptly and fully performed, d~scharged, executed, effected, completed, complied with and abided Sy, then in either or any s~ch event tha said ag- gregate sum mentioned in said promissory note then remaining unpaid, with interest accrued, and all moneys secured hereby, shall become due and pay able for~liwith, or thereafter, at the option o( said AtORTGAGEE, as fully and completely as if all oi the said sums of money were originally st~putated to 5e paid on sucn day, anylhing in sa d promissory note or in this hlortgage to the contrary nolwi~hstanding; and the*eupon or thereafter at Ihe oplion of said MORTGAGEE, vlithout not;ce or demand, suit at lacv oc in equity, therefore or thereaiter begun, may be prosecuted as if all moneys secvred hereby had mawred pr~ar ta its inst~tution. 7. 'lAat in the event that at the beginning of or at any time pending any suit upon this M~rlgage, or to foreclose it, or to reform it, or to enforce payment of any daims here~nder, said h10RTGAGEE shall apply to the Court having jur~sd;ction tliereof for the tppo~ntment of a Reteiver, wch Court shall fortli~vith appoint a receiver of said mortgaged properfy all and singulat, includ~ng aIl and singular the income, pro(its, issues and revenues from whatever source derived, each and every of wh~ch, it being expressty unders~ood, is hereby morigaged as if spec~fically set ~forth and described in the granting and habendum clauses hereof, and such Receiver shall have all the broad and effxtive fur.ct~ons and powers in anyw~se entrusted by a Court to a Receive+, and such appointment shall be made by such Court as an admitted equity and a matter of abso:ute righ~ ta said A'~ORTGAGEE, and w~thoul reference to the adequacy or inadequacy of the value oi t~ie property mortgaged or to the soivency or insolvency oi said N10RTGAGOR or the defendants, and Ihat such rems, profits, intome, issues and revenues shall be applied by such Receiver according to the lien or equit; o( said 180RTGAGEE and the practice of such Couri. i 8. To duly, promptiy and fully perform, discharge, execute, effect, complete, comply with and abide by each nnd e~•ery the stipulations, agreemenis, ~nn~t1!Q!!S and Cnv_. antc in cai{{ ~5lOfftlSSnr~ n~in anrl tFi~a mnrl~a~n ao~ fn~th_ 9. Tha~ in tha event the ownership of the mortgaged premises, or any part thereof, becomes vested in a person other than the MORTGAGOR, the h10RTGAGEE, its successors and assfgns, may, wi~hout no~ice to ihe A10RTGAOR, deal wiih svch successor or successor in interest v~ith re(erence to this ' mortgage and the debl hereby secured in the same manner as ~vith Alortgagor without in any way vitiating or discharging the Mortgagors' liability here- under or upon the debt heredy secured. No sale of the premises hereby mortgaged and no forbearance on Ihe part of the ~110RTGAGEE or its successors or assigns and no extension of the time for the payment of the debf hereby secured given by the ~hORTGAGEE or its successors or ass~gns, ahall operate to release, d~scharge, modify chanse or affect the original liability of the NORiGAGOR herein, either in whole or in part. 10. It is tpecifically agreed tnat time is of the essence of this contract and that no waiver of any obliB at on hereunder or of the obligation se- f cured hereby shalf at any time thereafter be held to be a waiver of the terms -fiereof or of the instroment secured he~by. 11. In addition to the forego:ng monthly paym~nts of princ'ppl and interest required by the prom~ssory note secured hereby, mortgagar covenants and agrees to pay to mortgagee with each monthiy payrnent an addirional sum est~+i~ated by mortgagee to be e9ua~ to 1/12 of tha annual tost of the #ollow- ing: A-All real property taxes levied or assessed agai~st the above described real estate. B-Premiums on fire and windstorm insurance as herein requ~red to be carried on the impreveme~ts situate on fhe above dsscribed premises. C-Premiums on such mortgage guaranty insurance as mortgagee shall from t~me to time deem f~t to tarry on the loan sewred hereby. Mortgagee shail from time to time rotify mortgagor in writing of the amount due and payabfe hereund~r and such sum shall thereupon be due and _ payable on the due date of the next monthly paymenf and each successive month thereafter ur,til moflgagee shall notify mortgagor of a change in such amount. $uch sums shall be applied by mortgagee to~va!d the payment of real property taxes, insurance prem;~ms, a~~d mortgage gu3ranty insurance ; , premiums. 3 IN V'.+ITNE55 `":HEREOf, the said ASpRTGAGOR has hereunto set his hand and seal the day and year first aforesaid. > Signed, Seafed and delivered in the presence of: _ - ~ C~_~/ ~ ~ Seal) (Seal) ;r l ($2 E / ~~A~~ t STA1E OF FLORIDA ~ ~ COUNTY OF St. Lucie ' Before me personally appeared Lloyd Taylor and ? C lo t i 1 de F. T a y lor his wif9, to me well known and known to me to be the individ~als described in and who executed the foregoing instrume~l, and acknowledged before me that they executed the same for the purposes rherein expressed. Md the said Glotilde F''. Taylor ~ ,~s wife of the said L1C)~C3 TflV10T' - ~pon a~eparate and private examination by me taken aeparats and apart from her said husband, acknowledged ~o and before me th~t she executed said instrument freely and volun- j larily and without any compulsion, constraint, apprehensio~,~c-fear of or from her said husband. ~6~ t. ~ WITNESS my hand and offic~a! teal this ~ day of u- A. D. 19 , ~2 ~r i ~ Notary Publ c in and for the State of Fbrida at Large ~ . ~ ' ' - • • r, My Commisrion expires: - ~,...RNurnio~~'~ ~ ~ Notary Public, State ot Florida at Large $ £ir~l;~e~eral Sav;ng~s~ ~"~oa~ ~~P ~~;E~~ R D E p A1y Comm sson Expires hlarch 18, 1968 $ = ~ ~ ~ OF •Pon P` rce.•_ . ~ 0 0 K Bonded B~i American Surtty Co. of f~: Y~ - _ ~'Fort Pierce Ftorld'e ~r--i+E--~L~/CJ~~-.~~{-G-L - ' . - `,`.;J :4^• !'~f~ . r N.. _ . ! r~,-.`, . _ ~6 ~_r;,t ~ ~P~1 3 ~ z - ~ : ; b_I_~ , ' 'r , fiv~~~r•: _ ; _ CI~~RK f • . • - ' : . ~ ~ :.T. ~U ;i` L'u~U~: i Y, ' ~y . ~ ~ FLORIG~~ ~ 's ~ ~ ` . - , . - . ~ - - ~ 1 . ~ : ~ ~ . f ' 1 ~ ~ . ~ ~ - ~ BooK ~35 4~1 : - . ~ - ~ , - . _ P~