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Home My WebLink About0818 R. 3. To place and contin~ously keep on ~he buildings no~v or hereafter situate on sjid land anJ on all e~uipment and personally covered by this mortg- ec~a, with all premiun4 the~eun paid in full, fire insurance in th: usu~l srandard poli;y (orm, ;n a sum approved by Ihe h10Q~~AGEE, and winds~osm insutance in thz usual standard pol:cy torm, in a sum approvzd by ihe MORTGAGEE, in such camnany or con,panies as the !~lORTGAGEE may direct; and all fiie and v,•indstorm insura~ce po!~ctcs on any of sa~d b~ifd~ngs, any interest therein or part thereof, in the a99regare sum aforesaid or in axcess Ihereof, shall conta~n iha usual standard mor~9agee clause or such other c~ause as the hlo~igagee may require, maMing the loss under said poli- cies, each and every, payable to said h10RTGAGEE as ifs interest may appear, and each ar.d every such policy shali be promptly ass gr.ed and delivered ~o any h>1d by said A10RTGAGEE as further security ro said mortgage debt, and, not less than ~en (10) days in advance of the expiral~on of each ooli,y, to da- liver ro sa~d :10RTGAGEE a ren:wat thereof, to9ether ~vifh a rece~pt tor the premium of such renewal; and ~here shail ba ro fire or ~vindstorm insurance plated on any of said buildings, any interest there~n or parl thereof, unless i~ the form'and with ihe loss payable as aforesaid; and in the event any sum of money becomes payabte under wch poticy or pol~cies taid MORIGAGEE shall have the opi~on to receive and appty tha sarna on actuuN o~ tt~e ind~bta:l- ness secvred hereby or to permit sa~d MURTGAGORS to receive and use it or any part thereof ior other purposes, ~•.~~hout th_ieu~ ~vawi,~~ or unpair- ing any equity, lien or righl under or by virtue of this mo:'gage; and in the event said h10RTGAGORS shall for any reason fail to keep the said premises so insured, ot fail to deliver proiiipiiy oi~y -vf iui~ Nal;C'ses of i^s:;rarte ta 5~:~ MOR?G.°.GEE, ot f~i! promptly to eay f~lly any ~remium therelor or in anv respect fail to per(orm, discharge, execute, effed, complete, comply with and abide by tnis covenani, or a~~y par~ hereof, said :;ORTGAGEE may place and pay for such insurancr or any part thereof w~thout walving or affecting any option, lien, equ~ty, or ~~ghi under or by vir~ue of thls Alortyage, and the full amount of each and every such paymenl shall be immediately due and payable and shall bear interes~ from tha date therec! until paid at the rate ot nine per cemum~per annum and to~ether with such interest shall be secu~ed by the lien of this mortgage. 4. To permit, commit or suffer no waste, impairment or deterioration of said property or any part ihereof. 5. 7o pay afl and singular the ~costs, charges and expenses, including a reasonable attorney's fez and costs of abstracts of tifle, incurred or paid at any time by said h50RTGAGEE, because or in the event of the faiiure on the part of :he said h10RTGAGOR to duly, promptly and fully perfo:m, d~scharge. execute, effect, tomplete, comply with and ab~de by each and every the stipulations, agreements, conditions, and covenants of said promissory ncte and this mortgage any or e~ther, and sa~d costs, charges and expences, each and every, shall be immediatety due and payable; ~vhether or not there be not~ce dr mand, aftempt to tollec? or suit pending; and the ful) amount of each and every such payment shall bea~ interest from the date thereof until paid at the rate of nine per centum per annurn; and all said costs, charges and ezpznses incurred or paid, together ~vith such imerest, shall be secured by the lien of this mortgage. • A. That (a) in the event of any breach of this hlortgage or default on th~ parl of the MO~TGAGOR, or (b) in the event any of ta~d sums of money herein referred to be not p:omplly and fully paid within thirty (30) days next after the same severally becortie due and payable, wi~hout demand or notice, or (c) in the everlt each and every the stipulations, agreemenis, co~ditions and covenants of sa;d promissory note and th~s mortgage any or either are ~ot ~uly, promptly and f~lly performed, d~scharged, executed, effected, completed, complied w~th and ab~ded 5y, then in eithe~ or any such event the said ag• gregate sum mentioned in said promissory note then remaining unpaid, with interest accrued, and all moneys setured hereby, shalf betome due ar.d pay- able fortliwilh, or thereafter, at the option ol said hIORTGAGEE, as fully and cornpletely as if all of tlie said sums of money were originally stipulated to be paid on suth day, anything in said promissory note or in this Alortgage to the contrary nonvithstanding; and Ihereupon or thereafter at the op?ion of Said NtUFfII~AI~[t, witnout notice cr aemand, suii at law Or in equiiy, inereiore or inereaiier oeyun, ~nay ue Nruiecuie' a3 ii eii i~}v~~eys Sc~i;~cv `e~E.~,i had matured prior ?o its inslitution. 7. That in the event that at the beyinning of or at any time pending aqy suit upen th~s hlortgage, or to foreclose il, or to reform it, or to enforce payment of any daims hereunder, said h10RTGAGEE shall apply to thc Courl haviny jurisd;ction thereof for Ihe appo~ntmem of a Reteiver, such Court shall FortFiwith appoint a receiver of said mortyaged property all and singula~, includ~ng all and singu~ar t:~e income, prof~ts, issues and revenues irom whatever source derived, each and every of wh~ch, it being expressly understood, is hereby mortgaged as if spec~ficalF~ set forth and descc~bed in ~he granring and habendum clauses hereof, and such Receiver shall have afl the broad and efixtive funct~ons and powers in any~vise entrusted by a Court to a Receiver, and tuch appointment shall be made by such Court as an admitted equity and a maitcr of absolute right to sa~d MORTGAGEE, and without reference to the adequacy or inadequaty oi the value of ?he property mortgaged or to the so~vency or i~solvency of said MORiGAGOR or the defendants, and that such rents, proiits, intome, issues and revenues shall be applied by wch Receiver accord~ng to the lien or equity of said h10RTGAGEE and the practice of such Court. ' 8. To duly, promptly and fully perform, d~scharge, execute, effect, complete, comply w~th and abide by each and every the stipulations, agreements, condition3 and covcuams in sa~d promissory note and this mortgage set forlh. 9. That in the event the ownership of the mortgaged premises, or any part thereof, becomes vested in a perso~ other than the h10RTGAGOR, the A10RTGAGEE, it~ successors and ass~gns, may, without notice to the h10RTGAOR, deal with such sut_essor ot suttessor in interest with reference to this mortgage and the debl hereby secured in the same manner as with h'o~tgagor w~tho~t in any ~vay vitialing or discharging the /.5ortgagors' liabi!ity here- under or ~pon the debt hereby sacured. No sale of the premises hereby mortgaged and no forbearance on the part of the 1.10RTGAGEE or its a~ccessors or assigns and no extension of the time for the payment of the debt h~reby secured given by the MORTGAGEE or its successors or ass:gns, aiiall operate to release, discharge, modify change or affect Ihe original liab~l~ty of Ihe MORiGAGOR t~erein, either in whole or in par1. ld. It is spec~fically agreed that time is of the essence of this contrac~ and that no waiver of any ob!igat~on hereunder or of the obligation se- a;red hereby shall at any time thereafter be iield to be a wa~ver of the terms hereof or of the instrumenl secured herby. 11. In add~tio~ to the forego:ng month!y paym^nts of princ ppl and imeres~ required by the prom~sscry no!e secured hereby, mortgagor covenanti and agrees to pay to mortgagee with each monthiy payment an add~;ional sum est:n.ated by mortgagee to be equal to 1% 12 of the annual cost of the follow- ing: • . A-AII real prop~rty taxes levied or assessed against the above described real estate. _ B-P~emiums on fire and windstorm insu~ar.ce as hesein requ:red to be carried on the improvements sitvate cn the above described premises. C-Premiums on such rr.ortgage guaranty ir.surance as mortgagee shall fror.: time to time deem fit to carry on the loan secured hereoy. Alortgagee shall from time to time notify mortgagor ~n virit~ng of the a.r.ount due and payable hereundar and such sum shafl thereupon be due and payab!e on the due date of the next monthly paymeN and each successive momh thareaiter urei! mortgagee shall notify mortgagor of a change in such amount. Such sums sh.all be applied by mortgaaee tov~ard the payment of real properiy taxes, insurance pren,;ums, a~id mortgage guaranty insurance premiums. IN WITNESS W EREOF, th id MORTGAGOR has hereunto set his hand and seal the day and year first aforesaid. igned, Seale~nd re in~ the presence of: ' nq ' (Seal) ~ (Seal) STATE OF fLORIDA COUNTY OF Saint Lucie ~ Before me personally appeared H~nr~ Robinson end Irene Robinson E,~~ ~vife, to me well known and knov+n to me to be the individuats described in and who executed the foregoing instrument, and acknowtedged before me that they executed the same for the pvrposes therein expressed. And the said Irene Robinson wife ot the said HPrLrv Robinson , upon a separate and privale exam~naHon by me taken separate and apart from her said husband, acknowledged to and before me that she executed said instrument freely and volun- rarily and without any compulsion, constraint, apprehens~ ~ear of or from her said husband. • ~ . WItNESS my hand and official seal this day of J uar • A. 19 66 ~ , , . ' _ J ' ; _ . . . _ _ 7~ ~~,~~y,~` l ~ ~ c~r~ i,v ~ j Notary Pubtic in and for the Stnte of Florida at large j ~ . . ~ ~ , j = ~ My Commission expires: _ I ' L ~~/7 LO ° ' ~ ~ FILED_ AND: RECORDED .~-s,~- - :Firsf Pederal •Savingi b loan Associat;o~y,~ j , } ~~p~+~ = ~~fo~ 'P~erce. ~ - V/ ~j(~i-- ~tir~rV~~ ~ ~ ~ h .'S~ ~ ' f:. ~ ' ~FO+i Pie~e. Florida ---'i~,~G% ~ • i ' , . ' ~,~~:~;;~5~~~~~~' 'bS J'~~J I 4 Pi-1 3 : y8 . - . ~ ,,...<<~ - _~_~`~~_1_~ • _ - - " ~ ROt~L:~; ~-i+~-i~:.S. C~~i:K - ' . t • . ~T. Lt;Ci~ C~U:`2TY, - ~ FLUfi1GA ' ~ , t ~ ~ . • . ~ . s - 800K ~J~ ~~t) " ~ ~ ,~,~,~3