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Home My WebLink About1165 3. To plac? and tontinucusly keep on the buildingi now or hereaiter s~tuate on s~id lard and on all eq~ipmeM and penonally covered by ~hi~ mortg• ege, w~th all ptemiurrri thereon paid in (ull, lire insurance in Ih~ unual standar~ policy form, rn a wrn approved by the h!ORiGAGEE, and windstotm insurance in the vsual standard pol~cy form, in a sum approved by Iha M110RiGAGEE, in auch company or companies as the h10RTGAGEE may dired; and all fire and w~ndstorm insurance policies on any of said twitd~ngs, any intere~l iherein or oart thereof, in ihe aggrrgate sum afc+resaid or in excess thereof, ~hali contain iha usual siandard rc,ortgagee clause or such oiher clause as ttie Atortgagee may reqv~re, making Ihe Icss undzr said poli• ; cies, each and every, pnyable to said h10RTGAGEE as its interest may appear, anJ each and every svch poticy shall be promp~Iy ass gned and deliverod lo y any held by snid h50RTGAGEE as further seturity to said mortgage debt, and, not less than ten (10) days in advance o( the exp~rbifon of eath polity, to de• liver ?o said MORTGAGEE a rene~val thereof, loge~her wi~h a rece~pt for the premium of such renewal; and there shall be no fire o~ ~vindstoi~n insurence placed on any of said buildings, any interest tt~erein or part thereof, unless in the form' and with the los~ payable as aforesaid; and in the event any sum ot money bacomes paya~le undet such policy or policies said ~hORTGAGEE ehall have the optlon to reteive and apply the same on account o~ tha fndebted• i ness secured hereby or to perm~t said MORTGAGORS to receive and use it or any pari ~hereof for other pur~+oses, w~~hout th~reb/ waivin~ o~ ~mpau- ing any equ~ty, lien or ri9ht under or by virtue of this mo:~gage; and i~ Ihe Even? sa~d A10RTGAGORS shall for any reason iai! to keep the said premise~ so in~ured, or fail to deliver promptly any of said po~~cies ol insuronce to said MORTGAGEE, or fait promptly to pay fully any premium there(or or in any re~pect fail to per(orm, d~schargr, execute, e(tect, complete, comply wiih and ab~de by this covenant, or any part hareof, said MORTGAGEE may place and pay for such insurance or any pnrt thereof without K~alving or afFecting any option, l;en, equity, or righ~ under or by virtue of Ihis ~dor?gage, and thc full amount of each and every such payment shall be immediately due and payable and shall bear interest from tiiQ date thereof until paid at tha ~ate ol nine per centum per annum and together with such interest shall be secured by the lien of this mortgage. v+ 4. To perroit, cammil or suf(er no ~vaite, impairment or deteriorat~on of said property or any part thereof. ~ S. To pay all and singular ~he.costs, cnarges and expenses, including a reasonable attorney's (ee and costs of abstracts o( title, incu~red or paid at ~ any time by said h10RTGAGfE, because or in t!~e evenl of the failure on ~he part of the said h10RTGAGOR to duly, promptly and fully per(orm, d~scharge, } exet~te, effect, complete, comply wi~h and ab;de by each and every the s~ipulations, agreements, conditions, and covenants of said promissory note and thii ~ mortgage any or eiiher, and sa~d costs, charges and expenaes, each and every, shall be immediately due and payable; whether ur not ?here be notice dr t mand, aitempt to collect or suit pend~ng; and the full amount of each and every such payrreM shall bear interest from the date thereof until paid al the rate oi nine per centum per an~ium; and all said costs, charges and expenses inturred or paid, together w~lh such inlerest, ahall be setured by the lien oi thii mortgage. A. That (a) in the event of any breach of this Mortgage or defaulf on ths part of the MOR7G~IGOR, or (b) in the event any of sa~d s~ms of money herein referred to be not promptly and fully paid wilhin thirty (30) days next aftcr the same severally become due and paya6le, withoul demand or notice, or (c} in the eve~t each and every Ihe stipulati~ns, 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, effected, compteted, complied with and ab~ded 5y, then in e~~her or any such event the said aq• gregate sum mentioned in said promissory note then remaining ur.pa~d, w+~h interest accrued, and a11 mcneys secured hereby, shall become due and pay able fortli.v~th, or thereafter, a1 the opt+on of sa~d h50RTGAGEE, as (ully and completely as ii all of ?I,e said sums of money were originally st~pulated to be pa~d on such day, anything in s~:d prom~ssory note or in this ldortgage to the comrary notwithsranding; and ihereupon or ihereafter as the option of • said MORTGAGEE, without not~te or demand, suit at law or in equity, therefore ot thereafter begun, may be prosecuted as if all moneys setured hereby ? had matured prior to ~ts institution. 7. That in Ihe event Ihat at the beginning of or at any time pending any suit upon this Mortgage, or to foreclofe it, or to reform it, or to enforce payment of any claims hereundzr, said h10RTGAG~E shall apply to the Court having jurisdict~on thereof for the appo~ntment of a Reteiver, such Court shall t,..~~:,..;.ti > >.ara~~ar nf ~~~d mnrtnanrd nrooertv all and sinovlar, inctud~na all and sinqula~ the income, profits, issues and revenues from whatever tource derived, each and every of which, it being expressly understood, is hereby mortgaged as iF spec~ficatly set forth and described in the granring and habendum clauses hereof, and such Receiver shall have all the broad and eff?ctive funct~ons and po~vers in any~vise entrusted by a Court to a Receiver, and tuch appointmenl ihall be made by such Court as an admitted equity and a malter of absolute right to said MORTGAGEE, and withoul reference to the adequacy or inadequacy of the value of the property mortgaged or to the sotvency or insolvency of said MORTGAGOR or th~ defendants, and that such rents, profits, intome, issues and revenues shall be applied by such Receiver according to the lien or equity Of said h50RTGAGEE and the practice of such ~t Court. ~ 8. To dvly, promptly and fully perform, discharge, execute, effeU, complete, comply wi~h and abide by eath and every the stipulations, agreement~, ` _ t~nrl~ti4ns ar.ci cor•enants in said Oromissory note and this mortgage sel forlh. i 9. That in the event the ownership of the mortgaged prem~ses, or any part thereof, becomes vested in a person other than the MORTGAGOR, the MORTGAGEE, its suctessors and assigns, may, ~vithout notice to the h10RTGAOR, deal with such successo~ or successor in interest with reference lo thi~ morlgage and the debt hereby secu:ed in the same manner as with Rlortgagor without in any way vitiating or d~scharging the t~A~rtgagors' liability herr.- under or upon fhe debt hereby secured. No sale o( the premises hereby mortgaged and no forbearance on Ihe part oi the I.10RTGAGEE or its successori - or assigns and no extension of the time for the payment of the de6t h~reby secured given by the MORTGAGEE ar its successors or assigns, ahall operate lo release, discharge, mod~fy change or affect the original liability of the M~ORTGAGOR herein, either in whole or in part. 10. It is specifically zgreed that time is of the essence of this tontract and that no waiver of any obligntion hereunder or of the obligation se- ~ a,red hereby shall at any time Ihereafter be held to be a waiver of the terms hereo( or of the instrument secured herby. I l. In add~tian to th~ forego:ng monthly payments of princ ppl and interest req~ired by the prom~ssory nore secured hereby, mortgagor covenants and agrees to pay to mortgagee with each momhly payment an add~rional wm est~mated by morrgagee to be equal to 1 j 12 of the annual cost of the follow- :i ing: ' ' ; 0 A-All real property taxe> levied or assessed agai•~st thc above descri6ed real estate. t B-Prem~ums on fi:e and windstorm insurante as herein requ~red to be carried on the improveme~ts situate on the above d=scribed premises. C-Premiums on such mortgage gvaranty insurance az mortgagee shall from time to ;ime deem fit to carry on the loan secured hereby. hlortgage> shall from time to time notify mortgagor in writing of ihe amount due and payable hereunder and suth sum shall th2reupon be due antl payable on the due date of the next monthly payment and each successive month thereafter urtil mortgagee :hall notify mortgagor of a change in such amount. Such sums shall be app~ied 6y mortgagee toward the payment of real property taxes, insvrance prem:ums, a~td martgage guaranty insurance premiums. IN YlITNESS iEREOF, the said MORTGAGOR has hereunro set his hand and seal the day and year fint a4orasaid. Signed, Sea d and e re' Qserce of: ~J ~'j'~ cl } ~C.~ ~~~-v' 0-v~ o.~/ c~~~ ~2.._.. ~ (Se a q (Seal) .y7~t7 (Seal) _ (Seal) ; STATE OF fLORIDA ~ ' u. COUNTY OF S~~ T~13~ ~ E' Before me personally appeared R Obe T't Don a 1 d S t: e W 9 T' ~ and TtLmA , n. Stewa rt his wife, to me well known and knovm to me to be . • ' J""'~ J ii. '_J ...L.. 4.,. [ e.. .d a.L..n..,l.,.~..e.7 L.afn ~hal thc erat~_}crl fha arma (n ~ Tii@ ~IIVI~IVVO~~ uca~.~~c.a a~.u nE.v.EC~ S..c ....~y.....y .~....L',T.,,..l, _ f 1 e p~ poses lherein expressed. And the said ~T1TTl8 Lene ~Stewart~ ~ wife ot the said R~bPrt DQYl81(j Stewart , upon a separate and Frivate , examination by me taken separate and apar~ from her said husband, acknow~edged to and before me that she executed said instrvment freely and volun- larily and without any tompulsion, constraint, apprehension, oIr- ~a of or from t~er'taid ~vsbapd. 1 WITNESS my hand and official seal this day of . ~ A. D. 19 ~6 ; . j ~ Notary Public in and for the State of Florida at large t , ED h1y Commission ezpires: Z D_~ rf ~ R~'~'" ro: FILED ANG REC ~ 6 ~ Firtt federal Savings ~ loan Associat~o ! O'' ~v n 0 K Of Forf P~erte. ~ - ~~c~al-Rec.or ~i~~~+R~rl:,~~~!?~..:~;~.~ ~ ' ' ` ~r ~:,3~'c' . . Fort Pierce. Florida /-~~c.C.~~ t.iY CG. .J J ' L,~'• 1?`3 ^ y~, `s - : ' `./J `O i ~ 1 BOt.JED S-~ , -.Ttt~:c' ~T ~ ~ ~ ~ ; ~i~~~ ~ ~ ~ ~ Jt!.t~ 24 A~~1 . _ _ ~ , . _ _ , - - _ - . . - . • ROGEf2 ~=~IS~+K~:S. GLERK : % : ~ ~ ST. LUCiE COUNTY. . - J~ " _ . . ~ ; FLORIDA ~ . ; - ' .~:,\l ~ ' ' , _ ` ' ~ , . , . ^ , . . BOOK ~ 559. ~ ~ ' _