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Home My WebLink About1013 3. Io p!a:e a^a tenfinuously kee~ on ihe bui'd~nge now ar i~ere3fter s~tuate c+n sa~d Iand and on a~l equipmeM and penon~lly covered by Ihis mortg• age, witn ail premiumb thereon pa:d in full, fire insurance in th~ usuaf s~andird policy form, in a wm aF.proved by tfia 11t~RivAt'iEE, ani~ r+in~sic-:.n insurance in Ihe usual standa~d pot~cy form, in a sum approved by ihe hlORTGAGEF, in such campany or compan~es as the ~.10QTGAGEE may a:.-•r. a~d a1i (;•P >~~1 wtn~tcmrm ~nsurance poGcias on any of said bui!d~ngs, any i~terest therein or pa~t thereof, in the a99iegare aum aforesald or M excess thereof, shaU contain the us~al standard mort9a9ee clause or such other Nause as the Mortgagee may reqv~rr, ~ud~~~~y ti.~° i.,,s :~:,:.c: r=~~ cies, eacti and every, payab!e ta aaid MORTi'iAGEE as its interest may appear, and each and eve~y such nolity sh311 be promptly ass gned and delivered ~o any hetd by said h10RiGAGEE as furthar security Io said mortgage dzbt, and, not less than ten (101 days in advancc o( the expirat~on of each pol~cy, ~o de- liver to said h10RTGAGEE a rene~val thereof, together wiih a r~~ceipt for Ihe pren~~um ui such rene~val; and thzre shall be no f~re or wir~ustorm insvrance p~eced on any oi said build~ngs, any interest therein or parl thzreoF, un!ess in ~he (orm'and with the ~oss payab!e as aforesaid; ar.d in ~he evenl any sum of money becomes paya6le u~der such policy or palicies said hiORTGAGEE shall have the option to rece~ve and apply Ihe same on account oY ihz indabted- ness secured hereby or to permit said IAURTGAGOR$ to receive and use it or any part th~:co( for oth~~r p~rruses, •..~ihc~t th~~~o; ~v~~•+in~ o~ unpa~r- ing any equ~ty, lie~ or ~~ght under or by virwe oi this rno:tgage; and in the evem sa.d A10RTGAGORS shall for any reason tail to kezp Ihe sa~d premises so insured, or fail to deliver promptly any of said poGc~es o( inwrence to said h10RTGAGEE, or {ail promptly fo pay iuily any premwm therefot or in a~y rtspett fail to per(orm, dischar9e, execute, effect, complete, comply with and abide by this covenant, or any pa~~ hereo(, snid h10RTGAGEE may place and pay for such insurance or any part Ihereof w~thout walving or affecting any option, lien, equity, or right under or by virlue of this hlortgaga, and the full amount of each and every such payment shall be immediately due and payable and shall bear interest from tha date thereof until p~id at the rate of nine per cemum per ar.num and together ~vith wch interesl shali be secured by the lien of tnis mortgage. 4. To permit, commit or suffer no ~vaste, impairmeN or deterioration oi saia properiy ur a~~y Noii i~~e~ee~. 5. To pay all and singular the ~costs, charges and expenses, ~nctuding a reasonalle attorney's fee and costs of abstracts of t~tle, incurred or paid at any tirr.e by sa~d h10RTGAGEE, because or in the evem of the failure on the part of :he said M110RiGAGOR to duly, promptly and fully perform, d~scharge. execute, e~fett, tomplete, tomply with and ab:de by each and every the stipulations, agreements, tonditions, and tovenaniz of said promissory note and this 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 notice da mand, attempt to col!ect or suit pend~ng; and the full amount uf each and every such paymenl shall hea. inrerest from the date thereof until paid at the rate of nine pe~ centum per annum; and all said costs, charges and expenses incurred or paid, togelher w~th such interesl, shall be secured by the lien of this mortgage. A. That (a) in the evenl of any breach of lhis h1ortgage or de(aull on the part of the h10RTGAGOR, or (b) in the event any oi sa~d sums of money herein referred to be not promptly ar.d fully paid within thir~y (30) days next after the same seve!a!fy become dve and payable, without demand or noiice, or (c) in ihe event each and every the stipulations, agreements, conditions and covenants of sa d promissory note and th~s mortgage any or either are not ~uly, prumptly and fully per(ormed, d~scharged, exewted, effeded, completed, complied ~vith and ablded Sy, then in eithe~ or any such event the said ag- gregate sum mentioned in said promissory note th~n remaining unpaid, ~vith interest accrued, and all moneys secured hereby, shall become due and pay able fortliwith, or thereafter, at the option of said hSORTGAGEE, as fully and completeiy as ii all of the said sv:ns oi money ~vere originaiiy 3tiV:i~cic~ to be pa~d o~ svch day, anything in sa:d p~omissory note or in this 1.lortgage to the contrary not~vithstanding; and thereupon or theteafter a~ the op~~on of said A10RTGAGEE, withovt norice or demand, suit at law or in equity, there(ore or lheteafter begun, may 6e prosec~ted as if all moneys secvred hereby had matured pnor to its institution. 7, That in the event that at the beginning of or at any time gending any su~t upon this Mortgage, or to fo~eclose it, or to reform it, or lo enforce payment of any claims hereunder, said R10RiGAGGE sha{I apply to the Court having jur~sd:ction tt::reo1 for the appo~Mmem oi a Receiver, such Court shall forlfiwith appoint a receiver of said mortgaged property all and singular, includ,ng a!I and singular thc income, pro{its, issues and revenues from whate~er source derived, each and every of wh ch, it being expressly understood, is hereby mortgaged as if spec~fically set forih and described in the granting and habendurn c~auses hereof, ard such Receiver shall have all the broad anJ effective funct,ons and pcwers in anyw~se en~r~sted 6y a Court to a Recriver, and such appoinfinent shall be made by such Court as an ad:nitted equity and a matter of absolure right to said MGRTGAGEE, and without reference to the adequacy or inadequacy of the value of the property mo~~gaged er to the soivency or insolvency of sa~d /.10RTGAGOR or the defendaNS, and that such reros, protits, income, issues and revenues shall be applied by such Receiver according to the lien or equity of said ~110RTGAGEE and the praUice oi such Court. . 8. To du1y, prompily and (ully perform, discharge, execuTe, effect, comptete, comply viith and abide by rach and every the slipulations, agreements, tonditions and tovenants sa~d promissory note and th~s mortgage set forth. 9. That in the event thr ownership of the mortgaged premises, or an~ part thcreof, becomes vested in a person other than the h10RTGAGOR, the MORTGAGEE, its iuccessors and assigns, may, ~vithout notite to the ~ti10RTGAOR, deal with such sutcessor pr successor in interest ~v~~h reference to this mortgage and the debt hereby secured in the same manner as with ~1lortgagor vf~thout in any way vit~ating or d~scharging the /.lortgag~rs' tia6ility herc under or upon Ihe debt hereby secured. No sale of the Fremises hereby morigaged ar.d no forbearance on the part oi the ~AORTGAGEE or its successors ~;;;y;;~ tyA !:r„~ f•,~ ~he p~ymrnt of ~hP ~~h~ hn,ehy secured oiven bv Ihe h50RTGAGEE or its successors or ass:gns, oi~all eperate to release, discharge,, modify thange or afFect the orig~nal liability of the h10RiGAGOR herein, either in whole or in part. 10. It is specifically agreed that time is of the essence of this contract and that no v~aiver of any obl~gat~on hereunder or of tne obligation se- c~red hereby shall at any time thereafter be held to be a v,aiver of the terms hereof or of the instrumenl secured he~by. 11. In add~tion to the forego'ng monthly paymenss of prirzc pal and interest required by the p~om:ssory no!e secured hereb~, mo:tgagor covenants and agrees to pay to mortgagee ~nith each monthly payment an add:rional sum est~mated by mortgagee to oe equai to 1~ 12 oi the annual cost of the follovr- ing: . . A-All rea! praperty taxes lev~~d or assessed ag3i•~st th~ above desvi6cd reat estate. B-Premiums on fire and ~vindsto:Ri ins~rance as herein requ;red to be carri~d on the ~mproveme~ts si~uate on the above d^saibed premises. C-Premiums on such mortgage 9uaranty insurance as mertgagee shall from t~me to time deem fit to carry on the loan secured hereby. Alortgagee shall from time to tfine notlfy mortyagcr ~n writing of the amount due and payable hereunder and such s~m sha;l there~pon be due and payabie on tf~e due date of the next monthly payment and each successive month thereaft~r until mcrtgagee shall notlfy mortgagor of a cnange in such amount. Such sums sF.a11 be applied by mortgagee toward the paymeM of reaf property taxes, insurance prem:ums, and mort~age gua~anty insurance premiums. ~j lN \'JITNESS VIHEREOF, the said h10RTGAGOR has hereunto set his hand and sea! the day an~ e~( first afo~aid. ~ Si ne aled ar. deli e ed i the esence of: ~ ~ ~ _ i. / ~ y~~ ~(Seal) ~ / ~~z._ ~y r1S[,''i~ ~ (5eal) L • _ (Seal) - • (Seal) STATE OF FLQRIDA u. COUNTY OF Sain~Lucie 1 ~ Before me personally appeared W A Palmer end L OL] ~ 4A P al me r his wife, to me well known and knov~n to me to be 1he individuals described in and who executed the foregoing instrument, and acknov:tedged before me that they executed the same for the purposes therein expressed. And the said LOL1~89 Palmer wife ot the said W. A. Palmer , vpon a separale and private examination by me taken separate and apart from her said hu3baf d, acknowledged to and before me that she executed said instrument freely and volun- tarity and ~vithout any computsion, constraint, apprehens~ n o~ar of or from her said husband. - \YITNE55 my hand and official seal this_ ~J day of Januar A. D. 19 66 % c~? ~ Notary Public in and for the State of Florida at Large My Comm~ssion expires: Retum To: ' F~! L E N[1 f? E f,; p R D` " • Ptotar P ~ First Federal Savings b Loan Association ' O f~CI~~ [ 1~~~, S f~ '1 C~ } S ~.~7.. Sf2~r F,„ , Of Forf Pierce. ~ i~ :f ~ t •C~ tZfCQ ~ ~ ~ ~y ~^mr~,~s;or: ~Xji?T~i t~~:.. 3. 1359 Fort Pierce, Flcrid3 C JdZ-~C-{~ ~:,d. : er ar..Y::~o F7,C•~:Csi:,:~.:=o. ~ •~.ii:i::.';., ^ ~ . . . { . .l}.~...`~l' ~'ti~~ I 8 • ~j1~\tii•.~~! - i...:~:~ ~,~t~ . . pj•) t.; , L V ,,~.ts.,.,,~+ f J . _ ~G, I `F~,~_t l f~ . , ~ . . , . 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