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Home My WebLink About0127 : 3. To place and contin~~ously keep on tne buildings now or hereafter ~ituate on said la~d and on all equipment and personal(y covered b~• this mortg• ege, wilh all premiun~ therron pa~d in fuli, fire insuronce ~n the usval sta~dard policy forT, ~in a sum approved by the h10RTGAGEE, and windstorm ins~rance in the usual :tandard policy form, in a sum approved by ~he h10RTGAGEE, in such cem}:any or tompan~es a~ thr h10R:vrGEE may J'rec1; and ail fire and w~ndsbrm insuranca poticies on any of s~id buildings, any interesl therein or part Ihereof, in the aggregatr sv~r aforesai~ or ir, ezcrss thereof, shall confain the us~~al etandard morlgagee clause or such other ciause as Ihe hlorlgagee may requ~re, ma~,ing the lass vnder said poll- cies, each and every, payablc to said h1URTGAGEE as its interest may appear, and esch and avery such poli~ ~ shail be prompHy ass:gned and deEivered io eny t~eld by ~nid r.10RTGAGEE as fvrlher securitv to said mortgaga debr, and, not less tfian ten (10) days in advance of the expirat~on of each policy, to de• liver to said htORTGAGEE a renewal thereof, together with a receipt {or the premiun of such renewal; and there sha~! be no fire or windstorm ini~rance plated on any of said buildings, any interesl therein or part thereof, unless in the form'and with the loss payable as aforesaid; and in the event any sum of money becomes payable under such po~icy or policies snid HlORTGAGEE ehall have ihe option to receive and appty the same on accounl o~ the indebted- ness secvred hereby or to permit oaid MORTGAGORS to reteive and uee it or any part thereof for othcr purposes, w~thout th~rcb/ ~vaiving or impair- ing any equity, lien or right under or by virtuc of this mo:!gage; and in the event said MORTGAGORS shall for any reason fail to keep the said premises so (nsured, or fail fo deliver promptly any of Said policies of i~surante to said MORTGAGEE, or iail promptly to pay fu!ly any premium thereior or in any rospect fail to per(orm, discharge, execule, eifect, complete, comply wiih and at~~de by thii cavenaM, or any part hareof, said MORTGAGEE may place and ' pay for such insvrance or any part the~eof without walving or affecting any option, lien, equ~ty, or right under or by virtue of this Alortgage, and the ' futl amount of each and every such payment shall be immediately due and payable and shall bear interest from the date thereof ~ntil paid at 1he rate ol ~ine per centum per annum and together with such intarest shall be secured by the lien of this mortgnge. 4. To permit, commit or suffer no waste, impairment or detarioration of said property or any part thereof, i 5. To pay ell and singular the ~co:ts, charges and expenses, including a reasonable altorney's fee and costs of abstracts of title, incurred or paid at any time by said MC~RTGAGEE, becaust or in the event of the faifure on the par~ of the snid h50RTGAGOR to duly, promp~ly and fully per(erm, d~scharge, execute, eifett, tompfete, tompty with and ab~de by each and every tha at'rpulation3, ec~Tc2T2t1t;~ tartiitians, and eovenants ~f sa:~ p:omiasory note and ihis mortgage any or either, and sa~d costs, charges and experxes, each and every, shall be immediately due and payab!e; whether or not there be notice dr mand, attempt to collect or suil pend~ng; and the full amount oi each and every svch payment shall bea~ interest from the date thereof until paid at the rate of ~ine per centum per annum; and all said costs, charge~ and expensas incurred or paid, toqether w+th such in~erest, shall ba secured by the lien of th~~ morfgage. A. That (a) in the evenl of any breath oi this Mortgage or default on th~ part of the MORTGAGOR, or (b) in the event any of said svms oF money hetein referred to be not promptly and fulty paid within thirty (30) days ~ext ~fter the same severally become due and payable, without demand or notite, or (c) in the event each and every the slipulatio~s, agreements, cond~tions and tovenants of sa;d promissory note anJ thls mortgage any or either are nol ~uly, promptly and fully pzrtormed, d~scharged, executed, effected, completed, compt~ed with and abided yy, then in eith~r or any such event the said ag• gregale sum mentiored in said prom~ssory note then remaining unpaid, with interezt accrued, and all moneyi secured hereby, shall become due and pay able fortliwilh, or thereafter, at the option of said MORTGAGEE, as fully and completely as ii all of thc said sums of money vvere originally st~pulated to be pnid on such day, anything in said promissory note or in this hlortgagz to the contrary notwilhstanding; and thereupon or theteafter a1 the option of said MORTGAGEE, withoul notice or demand, suiT rt la~v or in equity, therefore or thereafter begun, may be prosecuted as if all moneys secured hereby had matured prior to its inslitution. 7. That in the event that at the beginning of or at any time pending aay suit upon this Mortgage, or to foreclose it, or to reform it, or to enforce payment of any tlaims he~eunder, said MORTGAGEE shall apply to the Court having jurisdiction thereof for the appo~ntment oi a Receiver, such Court Shail forlFiwith appoint a receiver of said mortgaged property all and singular, includ~ng all and singular the income, prof~ts, issues and revenues from wfintever source derived, each and every of wh~ch, it being expressly understood, is he:eby rr,ortgaged as if speu(ically set forth and described in the granting and _ haben~um clauses hereof, and such Receiver shall !~rve all the broad and effect~ve funu~ons and powers in anyw~se entrusted by a Court to a Receiver, and tuch appointment shall be made by such Court as an adnitted equity and a malter of absolute r+ght to said MORTGAGEE, and without reference to the adeqvacy or inadequacy of the value of the prbperty morlgaged or to the sotvency or insolvency of said hAORTGAGOR or the defendants, and that such , rems, profits, income, fssves and revenues shali oe appf~ed by such Keceiver att8tcsui~ tb ~~ne i~en or equuy ai so~u ir;:i:ciGi;a'szc oi~u i+~e µ~a~iit~ ui iu~ii Court 8. To duly, promptiy and fully perform, discharge, execute, effect, complete, comply with and abide by each and every the stiputations, agreements, cond~tions and covenants in said promissory note and lhis morlgage set forth. 9. That in the event the ow~ershio of the mortgaged premises, or any part thereof, becomes ve~ted in a person othar than the h10RTGAGOR, the MORTGAGEE, its successors and assigns, may, withovt notice to the ~NORTGAOR, ~eal with such svctessor or successor in interesi ~vith reference to ihis mortgage and the debl hereby secured in the same manner as with Mortgagor withoul in any way vitiating or discharging the Mortgagors' liability here- under or upon the debt hereby secured. No sale of the premises hereby morlgaged and no forbearance on the part of the 1110RTGAGEE or its successors or assigns and no extension of the time for the payment of the debt hereby secured given oy the MORTG~CGEE or its successors or ass:gns, ahall operate lo release, d~scharge, modify change or afiec~ the original liability of the MORTGAGOR herein, either in whole or in part. 10. 11 is specifically agreed that time is of the essente of this contratt and that no waiver oi any obligation hereunder or of the obligafion sr cured hereby shall at any time thereafter be held to be a waiver of the terms hereof or of the instrume~t secured herby. . 11. tn add~tion to the forego:ng monthly payments of princ~p~l and interest required by the prom~ssory note secured hereby, mortgagor covenants and agrees to pay to mortgagee with each monthly payrnent an addi~ional sum est~maled 6y murtgagee to be eqval to 1/12 of the annual cost of the follow- ing: A-All reai property taxes levied ot assessed against thc above described real estate. i B-Premiums on fire and windstorm irtsurance as herein requ~red to 6e carried on the improvements situate on the above d=scribed premises. ; C-Premiums on such mortgage guaranty insurance as mortgagee shall from time 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 hereunder and such sum shall thereupon Fx due and t payable on fhe due date of the next month~y payment and each successive month thereaftcr vrtil mortgagee shall notify mortgagot of a change in s~ch ~ - amovnt. Such sums shall be applied by morfgagee toward the payment of real property taxes, insurance prem:ums, and mortgage guaranty insurance premiuns. fN WITNE55 REOF, t e d MO GAGOR has hereunto set his hand and seal the day an~ year first aforesaid. igned Seate nd de i ' t r sence of: --"7 Qi- ~~o~~~ ~.~0 ~ (Seal) . - ~ (Seal) , l 'C~li~li ~CG~C~, (Seal) 1 'I ; (Seaq ~ I4 STATE OF FLORIDA ~ f~ ~ couNnr oF S t, Lu c i e ~ F Before me personally appeared Joseph Bowie and ; C ZA ~ i'P. Rnwi P his wife, to me well known and knovm to me to be ~ the individvals described in and who executed the foregoing instrument, an~ acknowledged before me that they executed the same for the purposes ~ therein expressed. Md the said C 181T'6 BOW1@ wife ot the ~aid Jo Q e ph BOW 1@ , upon a separate and private { examination by me taken separate and apart irom her said husband, acknowledged to and before me that she executed said instrument freely and volun- ; tarily a~d without any tompulsion, tonstraint, apprehe~syo~r „~st/,fear of or from her said husband. ~ / ~f'~-' o r., 1YIiNESS my hand and oif:ciaf seal this 6L'! - day ~"r'• ~~y~'- A. D. 19 ) ~ ~ Notary Public in and for the State of Florida at large ~ My Commissian expires: l~~ 2!~'~~ ~ ~6p` Retum 10: . i Fks~ .~ederal Savings d. loan Assotiatlon h`OTARY PJ9C1~; $;';1?~ r_.~ 2{ UIRGF~_. C i'~'i ~ ~ Of Fort P,e«e. FIl.EO AND RECORDED - - ` ~ NY C~J....,:I~S . ~ , . ~ ~ . 23, 19fi8. ` - . 't r;.i ~~:cS ' fp~f-P' ce. Florida 1 ~`f~ Ry^~^. ~ &c>:cEO Tr:rca~~a ~=r- ~ t. , i ~ - . V>If~•~~I~VVVl~ OOK J LY. D:ESTELHO~i~T' _ _ ' ~y~ ~ .iilii~~~~~ . . . ' _ . . ' ~ ~T'~ ' 71 ' / _ ~ ~ > ~ \n , ~ t ~J. ' 1, ~ : , ~ ~ _ : , ~ , - . ` '66 J~h 2 7 P~~ 3 : 2 0 ~ = ,::...N..,_, ; . _ . - ; ~ ~ - ~ - . ~ ' ~ ~ - ~ _L4~3~~-U , : _ , - - _ " . . ~ . ~ ` ~ ~ . . - . . . . ROGEft f'C{ i I:~~S, CLERK ` ST. LUC{E COUNTY. ~ s ;2 ~ . FI.ORIDA = , ~ - ~ . - ' : ! _ ` f . . \ . . - J ~ ` , _ _ s : . - <<.~ ~ ~~i aoox 137 ~27 ~ ; . r` ~ - . ~