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Home My WebLink About1514 3. To place and continvoue(y keep on !he bui!dings no~v or hereafter ~ituate on said land and on all equipment and pers~nelly tovered by this mortg• ege, with ail premiunn thereon pa~d in tull, fire insurance in ~h~ uso~l s~andnrd poffcy form, in a sum approved by the h10RiGAGEE, and windstorm ins~~rance in Ihe usual standard pofry form, in a sum approved hy Ihe MORIGAGEE, in such company or tomp;nies as the AIORTGAGEE may durct; and al) fire and windstorm insurance policies on any of said Ewild~n~s, any intere~t iherein or part thereof, in Ihe aggregate sum afortsaid or In txcess Ihereof, shatl contain the usual standard mortgagee ciause or s~ch other clause as the hlortgagea may requfre, making the loss unde~ said poli- s cies, each and every, payabte to said htORTGAGEE as its interest may appear, and each ar.d every wch policy sha~l 6e promptiy ass.gned and detivered to any held by eaid h10RiGAGEE as further security to said mortgage debt, and, ~~o? less ihan ten (10) days in advance of the expiration of each poficy, to de- liver to eaid h10RTGAGEE a renewai Ihereof, together with a receipt for ihe preriium af such renewal; and there sha!! br no fire or windstorm insurance placed on any oi ~aid build;ngs, eny intereit therein or part thereof, unless in ~he form'and with the loss paya6le as aforesaid; and in the event any sum x of money becomes payable unc~er such policy or pol~cies said MORTGAGEE ehall have the opt~on to reteive and apply ihe same on account o~ the indebted• F ness secvred htreby or to permi? sa~d Y~SORTGAGQRS to rece~ve and use it or any parl thereof for oti~cr purposes, wnhout ihzreb~ w3iv~n~ or ~n,pa~n ::.-y .::.j :y_ ~ _ ~•^a.~r h~ ~~.~,.a nf this movtaage; and in the eveM said MORTGAGORS shall for any reason fail to keep the said premisee se insured, or fail to deliver promptly any of said policies of insvrance to said h10RTGA(;tE, or ta~i promptry ro pey iu+iy any N~r«~~v~~~ ii~~~~~~, - reipe<r fail to perform, d;scha~ge, execute, effecl, comptete, comply with and abide by this covenant, or any part hereof, said MORTGAGEE may place and pay for suth insurance or any part thereof wi~huut walving or atieding any option, lien, equiry, or ~ight under or by virtue of Ihis Alortgage, and ihe full amount of each and e~ery such paymeM shall be immediately due and payabte and shall bear interest froin the d~te theteof until paid a1 the raie o1 nine per centum per annum and together ~vith suc~ interest shall 6e secur,d by the lien of thi~ mortgage. 4. To permit, commit or suf(er no waste, impairment or deterioration of said property or any part thereof. 5. To pay all and singular ~he.costs, charges and expenses, including a reasonable atto~ney's fee and costs of abstra:ls of litle, incurred or paid at any time by ~aid h10RTGAGfE, becaus~ or in the event of tha failure on ihe parl of the said MORTGAGOR to duly, p~omptly and fully perf~:m, d~scharge. ezecute, effeu, complete, comply w;th and ab;de by each and every the stipula~ions, agreements, conditions, and covenan~s of said prom~ssory n~te and this mortgage any or eithet, and sa~d coits, chaiges and expenses, each and every, shall be immedialely due and payabfe; vvhether or not thcre be notice d~ mand, attempt to cotlect or suif pending; and the fuil amovnt of each and every such payment shall bear interesl from the date thereof until paid at tFe rate of nlne per centum per onnum; and all said costs, charges and expenses incurred or paid, toge~her w~th such imerest, shall be secured by the ~ien of th~~ mortgage. ' A. Thal (a) in the evenl of any breach of this filorlgagP oc defa~tt on the part of the h10RTGAGOR, or (b) in the event any of sa~d sums of money here~n refer~ed to ba not promptly ~nd fully paid ~vithin thirty (30) days next after Ihe sane severally be~ome due and payable, without deniand or notice, or (c) in the event each and every the stipulat~ons, agreements, cond~tions and covenants of sa:d promissory note and th~s mortgage any or ei~her are no1 ~uly, promp~ty and fulty per(ormed, d~scharged, executed, effected, completed, compl;ed wilh and abided 5y, ~hen in e~ther or any such event the said ag- gregate sum memionad in said promissory note then remaining unpaid, ~vith imerest actrued, and all money3 setured hereby, shall become due and pay able fortl~with, or thereafter, at the op~ion of said h10RTGAGEE, as (ully and completely as if all of tt~e said sums oF money r,vere originalJy stipulated ro be pa~d on such day, any~hing in sa:d pram;ssory note or in ihis ldortgage to the comrary nof.vlrhstanding; and thereupon or thereafter at the optron of said MORTGAGEE, without notica or demand, suit at la~v or in equity, there(ore or thereafr~r begun, may be prosecuted as if all mor.eys secured hereby had matured prwr to its instiL•~t;on. 7. That in the event that at fhe beginnPng of ar at any time pend~ng aqY w+t upon fh;s Mortgage, or to foredose it, or to reform it, or to enforce paym:nt of any claims hereunder, said fdORTGAGfE shall apply to the Court having jur~sd~ction thcreof for the eppo~ntment of a Receiver, such Cour1 Shall fortFiwith appoint a receiver ~f said mortgage~ property all and singular, includ~ng all and singular tfie income, profits, issues and revenues frrm whate~er source der+ved, each and every of ~vh~ch, it be;ng expressly understvod, is hereby mor~gaged as if specifically set forth and described in the granring and habendum <lauses hereoi, and such Receiver shall havc> all the broad and effect~ve funct~ons and pov~ers in anywise emrusted by a Cou~t to a Receiver, and such appointment sha~l be made by w.h Court as an adnitted equify and a matrer of rbsolute right to said MORIGAGEF, and withoui reference to the edequacy or inadequacy of the value of the prb~erty mort~aged or to the sotvency or insolve~cy ef said l1:ORiGAGOR or the defendants, and that such tents, profits, intome, issues and revenues shall be applied by such Receiver accord~nq to the lien or equity of said 1'.10RTGAGEE and ihe praclice o( such ' .i Court. i S. ta duly, promptly art~ fully ~erfo~m, distharge, execule, effect, complete, comply v:ith and abide by each and every the stipulations, agreements, ~ conditions and covenants in said promissory note and this mortgage set forlh. 9. That in the event the ownership of the rnortgaged premises, or any part thereof, becomes vested in a person other than the MORTGAGOR, the MORTGAGEE, iti iuciessor; o~~d a;r'yr,s, rsay, wirhout norice ro the A10R7GAOR, deal with such successor or successor in imerest with reference to this mortgage and the debt hereby secured in thc same manner as ~vith 1.lortgagor without in ar,y way vitiating or d~scharging the tAortgagors' liability here- under er upon the dzbt hereby secured. No sale of the premises hereby mortgaged and no forbearance on the part of the I~`ORTGAGEE or its successors or assigns and no extertsion of !he time fo~ ?he payment of 1he debt hereby secured given by the ~110RTGAGfE or its successors or ass:gns, aiiall operate to release, d~scharge, modify change or affect the original liability of Ihe h",ORTGAGOR herein, eithe~ in whole or in part. 10. It is speNfically agreed that time is of the essence of this contract and that no waiver of any obligation hereunder or of the obligation se- ~ t~red here6y sha(I at any time lhereaftQr ba hetd to be a waiver o( the terms hereof or ot the inshumen~ secured herby. ; s I1. In add~tio~ to the forego:ng monthty payments of princ'p~l and inte~est requ'ued by the prom~ssory ~ore secured hereby, mortgagor covenants and agrees to pay to mortgagee with each momhiy payrnent an add~~ional sum esnmated by mortgagee to be equal to 1% 12 of the annual cost of the folloN- ing: ' A-All real property taxes le~iied or assessed agai~st thc above desa~bed reat estate, 8-Premiums on fire and wirtdsrorm insurante as he~e~n req:;red !o be ca~r~ed on the irnproveme~ts situate on the above d~saibed premises. C-Premiums on su;h mortgage guaranty ir.surar:ce as mortgayee shal~ from t:me to ti~ne deem fit to carry on the loan secure~ hereby. Mortgagee sha!I from time to time notify mortgagor in writing of the amount due and payabte hereunder and such su:n shall thereupon be due and payable on the due date of the next montF(y payment and each successive monrh thereafter ur.ti~ mcrtgagee shall notefy mo~tgagor of a change in such amount. Such sums shall be applied by mortgagee tox•aid the payment of real property taxes, insurance prem;ums, and mortgage guaranly insurance premiums. i 1 t49 Y~ITNE55 WNEREOF, the said MORTGAGOR has hereunto set his har.d and seal the day and year first alorasaid. O D` r ; ned, ealed nd~delivered i~ the presence o1: ~1 . ' ($eal) ' ~ (5eal) ? ' ($eal) S . . ($eal) STATE Of fLORtDA ~ ' covr~rr oF ~ t. Lu c i e Before me personally appeared Robert 1~ Pfef'f' and A nn a Y P f a f f his wife, to me weli known and known to me to be the individuals descr;bed in and who executed the foregoing instr~ment, and ackno•~nrledged before me that they executed the same for the pvrposes therein expressed. And the said Anna Y- Pfaff wife of thc said Rohert l~ Pfaff vpon a separate and private ~ examination by me taken separate and apart from her said husba acknowtedged to and before me that nhe executed said inltrument freely and voiun- ~ tarity and without any compulsion, co^streint, apprehension, o/~ of or from her said hvsband. ~ WITNE55 my hand and offkial sea! this_ ~ 9 day of Januarir A. D. 19 o-' ~ L-'-~' ; Notary Pub{ic in and for the State of Florida at Large ~ - h1y Commission expires: { ~ Return To: ~'~LE ~,~~p ~~CORDED { € Fir:t Federal Savings S loan Associaf~qr} ~ ~~atzry P~b~ac, S~afr. Ft~tj!~~ ; y jd: 7~ ' Of Fort Pierce. ~ 0 ~ K ! . ~~C:Qj~tce. FlOrida ~ ~~j+c~0.*,IIP.iSS!J:: ~CC~i~3 1:Ji: Z. IQti7 ; ! „ . c'~C~'.-e~ /e~`- ~ `-~,;,r _ f ~ . - _ - ':`G ~1~tY~ 3 I P~~ 3 : 31 f y,, ~ : , - { - ~ _~.~r~~~~}~~ : ~ ~ - ~ ~ ~ _ . . : - - _ ~OGcE: i-:.. . , _ CLERK - ~''.~x ~ - ~ - r ~ - - _ ~ ' S~. LUCf` CGUtvTY, - i,-t~~y~ {l _ ' - FLORID~ ' ~ . . . . . : ~ ` ~ ~ ~ " • ~ ` ~ r 3 - . ~ ~ ~ ~ , ''«~n~:!;~:;:tt~~ ; ` ~ t - $o kK ~.~'l 30~ _ . i ~ ~ . . ~