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Home My WebLink About0211 3. To place and continuously keep on ~he 6ui!dings no.v or hereafter s~tuate on sj~d IanJ and on all equipment and penona~ly covered by this mortg- eg3, with all Fremiun;Y diereon pa:d in fu!I, f~~e insuranc~ in Ih~ usu3' i~ar.dard poficy form, ;n a surn approved by tha ~.10RTG ~GEE, an:! windstorm insura~ce in ihe usual srandard po!;cy form, in a sum approved by the A10R'GAGEE, in such company or companies as the htORTGAGEE may direU; and al) f~rt and windstorm inwrance polic~es on any of said buildings, any inlerest therein or part ~hereof, in Ihe agqregate s~m aforeSaid or In extess thereoi, shall conlaln the usuai stanaarti nioriyngee ciausa ~r ~u:h otk~e: t'•s;;3c oi !hz l.lertgag^_^ m~y require, makir.y tha loss under sa~d pa~i- ties, each and every, payab!e to said h10RTGAGEE as its inte~est may appC3r, and eath and every svch po!ity SFi3II ~2 promptly ass yned and delivered ?o eny held by saiJ MORTGAGEE as fu~thar security to said n:ortgage debi, and, not less ihan ten (10) days in advance of the rxpirat~on of each pollcy, to dc- liver to said A10R~GAGEE a renewal the~eoF, toge+her wiih a receipt for the premium of such rene•.val; and there shall be no f~re or windstorm insurance placed on any of said 6uildings, any imerest therein or parl thereof, unless in the fomi'and wiih the loss payab!e as a4oresaid; anJ in the event any sum of money betomas payable und~r scch pol~cy or pofcies s~id A10RTGAGEE shall have th.; option to receive and apply the same on atcount o~ the indebtcd• nefs secured hereby or to permit snid MOP.TGAGORS to receive and use ir or an~ Fart ~hereof for o;hcr E:urposes, ~~r~!hout rh~rcbr .vaivin~ or unpa~r- ing any equity, lien or righl under or by virlue of this mo:!gac~e; and in the e:ent sa'.d A10RTGAGORS shall for any reason faii to keep the said premiies so insured, or fail to deliver promptly any of said pol~cies o1 insurance to said h10RTGAGEE, or fail pron;pt~y to pay f~11y any premium ~herefor or in any rospect fail to perFocm, d~scharge, execute, eifect, complete, comply with and abide by this covenant, or any parl hereof, said 1.10R7GAGEE :~zay place and pay for such inwrance or any part thereof without walving or affe:ting any option, lien, egu~ty, or right under or by virtue of this hlortgage, and the full amount of each and every such payment shall be immediaiely due and payabla and shall brar interes~ from tha date thereof unt~l p~~d at the rate ol nine per centum per annum and to3ether with such intrrest shali be secured by the lien o( this mortgaga. 4, To permit, commit or suffer no ~vaste, impairm~nt or deterioration of said property or any part thereof. 5. To pay al! and singular the ~costs, charges and expenses, includir~g a reasonab!e attorney's fee and costs of abstracts of title, incurred or paid at eny time by said MORTGAG.E, beca~sE or in the event of the failure on the part of the said AIORTGAGOR to duly, promptly and (ully pe~fcr~n, d~scharge. execute, effect, complzte, comply with and ab;de by each and evrry the stipulations, aqreements, conditions, and covenants of said promissory note and this mortgage any or either, and sa~d costs, charges and expenees, each and every, shall be immediately due and payabfe; whether or not there be notice da mand, attempt to collect or suit pend~ng; and the full amount of each and every such payment shall bea~ interest from the date thereof until paid at the rale of nine per centum per ann~nr and al! said costs, tharges and expcnses inturrcd or paid, together w~th such interest, shall be setured by the lien of th~s morlgage. A. That (a) in !hz event of any breach of this hlorlgage or defaull on the part of the MORTGAGOR, or (b} in ?he event any of sa:d surr.s of money herein reterred to be not promp~!y and fully paid wirhin th~rty (30) days next after the same severally 6ecome due and payable, ~vithout demand or notice, or (c) in tha eveRt e>ch and every the sl~pulations, ag~eements, condit;ons and tovenants of sa,d promissory note and tF~s mortgage any or either are nal ~uly, pro:nptly and fully performed, dlscharged, exec~ted, effected, compfeted, compl~ed ~vith and abid~d hy, ihen in either or any such event the said ag- gregate sum mentioned in said promissory note then remaining unpaid, with intere;t accrued, and all moneys setured hereby, shall become due and pay- able forthwith, or thereafter, at the opt~on o} said A10RTGAGEE, as fully and tomptetcly as if all of the said sums of money were originally stipufat:d to be paid on such day, onything in ss:d promissory note or in lhis hlortgage to th~ contrary notxilhstanding; and thereupon or Ihereafier at the opt~o~ of said MORTGAGEE, ~vithout not~ce or demand, suit at la~v or in equity, therefore or thereafter begun, may be prosecuted as if all moneys secured hereby had matured pror to its institution. 7. That in the event that at the beginning of or at any time pending any auif upon this Nlortgage, or to foreclose it, ot to reiorm it, or to enforte payment of any daims hereunder, said h10RTGAGEE shail appty to the Coure having jur~;d:c~~on thereaf for the appo~ntment of a Receiver, such Court ;hail fort6with appoint a receiver of said mortgaged property all and singular, indud:ng ail and s~ngular the income, pro(i~s, issues ar.d revenues from whatever source derived, each and every of ~~h~cn, it being ezpressly understood, is hereby moriga,ed as if spec~fically se1 forth and described in the granting and habendum dauses hereof, and such Receive: shall have all the broad and efieuive tunct,ons and pov~ers in any~vise entrusted by a Court to a Receiver, and such appointment shall be made by such Court as an admitted eq~ity and a rca~ter of absol~te r;ght to said A10RTGAGEE, and without re(erence to the adequacy or inadeq~aty of the value of the property mortgaged or to the so,vency or inso!vency of said IA~RiGAGOR or the defendants, and that such rems, profits, income, issues and revenues shall be applied by sutn Receiver accord~ng to the lien or equity of said RIQRTGAGtE and the pradice oi such Court. To duly, promptly and ful(y perform, d~schnrge, execute, effect, comp!ete, comply ~vith and abid~ by each and every the stipulations, agreemeMS, conditions and covenants in sa~d promissory note and th:s murtgage set forth. 9. That in the event the ownership of the mortgaged prem~ses, or any part the~eof, 6ecomes vested in a person other than the h10RTGAGOR, the A!ORTGAGEE, its successors and a:signs, may, without notice fo the 1t10RTGAOR, deal v:ith wch successor or successor in interest wiih reierence to Ihis morigage and the debt hereby secured •in fhe; same manncr as with 1~loitgagor without in any v~ay vitiating Or discharging the 6lortgagors' liability here- under or upon Ihe debt hereby secured. No sale of the premises hereby mortgaged ar.d no forbearance on ifie part of the 11tORTGAGEE or its successors or ass~gns and no exrension of the time for the payment of the aebt hereby secured given by the ;.10RTGAGEE or its successors er assigns, aliall operate 1o release, discharge, modify change or affect the orig~nal liaS~Gty of the MORiGAGOR herein, either in whole or in part. 10. It is specifically agreed that time is of the essence of this conrract and that no waiver ef any obl~gat~on hereunder or of the obligation se- t~red hereby shall at any time thereafter be held to be a waiver of the terms hercof, or of the instrument secured herby. 11. In add,tio? to the Forego:ng monthly paym~nts of prinCp~l and interest requ~red by the prom~ssory no!e secured hereby, morigagor covenaMs and agrees to pay to mortgagee with each monthiy paymeM an addirional sum esr.mated b/ mortgagee to be equal to l,• 12 oi the annual cost oF ihe follo.v- ing: A-A!I rea! property taxzs levi~d or ass~ssed ag3i•~st the a6ove d~scri5cd real euate. B-Premiums on fire ar.d wir,dstorm insurar.ce as he~ein requ;red to be czrried en tFe ;mproveme~ts s~tuate on the above d=scribed premises. C-Premiums on such mortc~age guaraNy insurar.ce as mortgag>e shall from t~Te to t~me deem fit to carry on the loan secured hereby. ~.lortgagee shail from time to time notify morigagor in writing of ths amount d~e and payable hereundsr and suth sum sha!~ thereupon be due and payable on the due date of the next monthly paym~nt and each successive month thereaftar ur,til mortgagee shali not~fy mortgagor of a change in such amount. Such sums sha11 be appiied by mortgagee toward the payment of real property taxes, ~nsurance prem:ums, and mortgage guaranty insurance premiums. IN `'lITNESS WHEREOf, the said P+10RTGAGOR has hereunto set his hand and seal the day and year first aforosaid. Signed Se e and deli ere ' t presence of: ~ , ` ~=iCG~ ^ 9/ ~,~~~z~ (Seal) e~ / l-Z-y~s . Q ~ ~L~Y~~>_~'_- (Seal) (Seal) (Seal) STATE OF FLORIDA t COUNTY Of S t. LU C 1 F. i ss. B>fore me personally appearea E a r 1 F' . I, ~ t t Z P, and ~ TlT? 1P. F'' , L? t~ 1.@ his wife, to me well known and known to me to be fhe individuals described in and rnha executed the 4o.enoing instrument, and acknovr~edged before me that they executed the same for the purposes lherein expressed. And the said A T1T11 P. . L i t t 1 e " wife o1 the said E a r 1 F. L i* t 1 e , upon a separate and pr~vate examinat~on by me takzn separate and apart frorn her said husband, acknowledged to and before me that she executed said instrument freely and volun- tarily and ~vithout any compulsion, constrairo, apprehens~oy, or {ear of or from her aaid husband. WITNESS my hand and officia~ seal this day of v T"~ -~~0.~b:.19~ + ,.,_t;7; Notary ?ubl' in and for the $?eTe.-oE'~Fl~ri~af at-~Large ~I~ D. ~NQ -R~~E~ Rp~~ MY C mmis ion expires: ~ - i° . ~ : : _ Retum To: ~r~.. ~[i~c~4~ ~~tii.ilf~ ~ ' ',F~: ; ~ first Federal Savings ~ loan Associat:on - Q~OK ~~G~~i'~ f:o±ary Pub' ~.5...'3't!Y„9i F~"~~~"'~T~iL2~~, flf Fort Pierce. ~ ~ ~ :[1:,5 'C+i ~ c~Yd~:C~s . tg. 6, isFi _ _ .~r~L~ ;;~t~d~~f A,a:,~:c~:~ Sutet.' Gu.~ot At..Y.._ Fort Pierce, florida ~ ~ ,,;,;~;:l~r:;;,,. 'GS JAN 2 8 PM 3: 0 I ~ ~ ,~,,~,t , . , ~ ~ ~ ~ - ~ •'~~.\i:'. : ~•~I•. . ~ ~ ~ ROGE'r; f")I ~ f~i;S, CLERK _ ' . ~ : ~ " ST. LUCI~ ~OUNTY. ~ r .i~ FLORIDA : - ~''!1 _ . , . ~ ; ~ " .l,..i, . . ~K~~~ nDG (1.~ :