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3. To p~ace and continuously keep on Ihe 6ui!d~r~gs no~.v or hereaffer situate on said land and on a!I equipmeN and personally covered by this mortg•
epe, ~vith a!1 premiunn thereo~ pa~d in full, fire insurance in ihe usual standard policy form, ;n a s~m aFproved by ihe h10R~GAGEE, and windstorm F
inswance in the ~sual s~andard poGcy form, ;n a sum approved by the h10RTGAGEE, in such company or companief af thz h50RTGAGEE may
dired; and all fire and w~ndstorm insurance policies on any of said build~ngs, any interesi therein or part ihereof, in Ihe ag9regate sum aforesaid or
In excess ihereof, shall contain the usual standard mortgagee clause or such other clause as the A~ortgagee may requ~re, inaking ihe lois under said poli• ~
cies, each and every, payaole to said A\ORTGAGEE as ~ts imerest may appear, and each and every such pol~cy shail be promptly ass gned a~d detivrred ro
eny he!d by said MORiGAGEE as further security to said mortgage deut, and, not less ~han te~ (10) days in advance of the ezpi~at~on of each pol~cy, to de• ~
liver to said A10RTGAGEE a rene~val thereof, togelher with a rece+pt fo~ the premium of such renewal; and tl~ere shall be no fire or windsto~m insurance
placed on any of said buildings, any interest ~herein or part thereoF, unless in ihe form'and with the loss payable as aforesaid; and in the event any sum ,
of money becomes payable under such policy or poGcies said MORTGAGEE shail have the option to receive and appty the same on accoum o~ ihe indebted- ~
ness setvred he~eby or to permit said 1.50RTGAG~JRS ro receive and use il or any part ihercof fo~ other purposes, vf~thout th~rcb~ ~vaivin~ or m~pair-
ing any equ~ty, lien or right under or by virtue of this mo:!gage; and in the event sa~d h10RTGAGORS shall for any reason iail to keep the said premiszs~so
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insured, or taii to deuver promptiy any oi saio Wi~cira ui inav~a„~r i~ s~u . f=~~: _'~~"=s`~"
respe:t iail to pe~Form, discharge, execute, effec?, complete, compiy with and abide by this tovenant, or any part hareof, said h10RTGAGEE may plate and
pay for such ins~rance or any part thereof w~thout ~vatving or a(fecting any option, lian, equ~ty, or r~ght under or by virtue of ~his Mortgage, and the ~
full amount of each and every such payment shall be imrnediately due and payable and shall bear interes~ trom tha date thereof until paid at tiie rate ot
nine pe~ tentum per annum and to~ether with such interest shalf be secured by the lien of Ihis mortgage.
4. To permit, commit or suffer no waste, impairment or deterioration of said property or any part thereof. •
5. To pay all and s~ngular the.costs, charges and expenses, including a reaso~able attorney's fee and costs of abstracts of title, incurred or paid at
any time by said MORTGAGfE, becaus~ or in the event of th~ failure on the pnrt of the said P.10RTGAGOR to duly, promptty and fully perForm; discharge,
execute, effeU, complate, comply w~th and ab;de by each and every 1he stipulations, agreements, <onditions, and covenants of said promissory note and this
mortgage any or e~ther, and said cos~s, charges and exper~es, each and every, sha~l be immediately due and payable; whether or not there be notice de~
mand, attempt to tollect or suit pending; and the full amount of each and every suth payment shall bear interesl from Ihe date thereof until paid at the
rate oi n~ne per centum per annum; and all said costs, charges and expenses incurred or paid, together w~th such inlerest, shall be setured by the lien oi this
mortgage.
A. That (a) in the event of any breach of this Mortgage or default on ths parf of the MORTGAGOR, or (b) in the event any oi sa~d sums of money
herein referred to be not promptiy and fully paid ~vithin thirty (30) days nexi after ~he same severa'ly become due and payab!e, without demnnd or notice, ~
or (c) in the eve~t each and every ihe stipuiations, agreemeros, cond~tions and covenants of sa:d prom~csory note and th~s mortgage any or either are not ~
~uty; prompNy and fully performed, d~scharged, exetuted, eifected, completed, compl~ed with and abided by, then in either or any such event the said ag~
greqate sum mentioned in said promissory note then remaining unpaid, wilh interest accrued, and aIl moneys secured hereby, shall become due and pay- ~
able forthwith, or thereafter, at the option al said MORTGRGEE, as fully and comple~ely as if all of Ihe said sums of money were originally stipulated ~
to be paid on such day, anything in sa:d prom~ssory note or in this hlortgage ro the contra~y notwithstanding; and thereupon or thereafter a1 the op~ion of
said MORTGAGEE, ~vithout notice or demand, suit at lacv or in equity, therefore or thereafter begun, may be proszcuted as if all moneys secured hereby ;
had matured prior to its inslitution. ~
7. Thal in the event that at the beginning of or at any time pending any s~~t upon this hlortgage, or to foreclose it, er to reform it, or fo enforce
payment of any claims hereunder, said h10RTGAGFE shall apply to the Cour1 having jurisdiUion thereof for the appo~ntment of a Receiaer, such Court shall
iortFiwith appoint a receiver of said mortgaged property all and singular, includ~ng all and singutar 1he income, prolits, issues and revenues from whatever
source derived, each and every of ~vh:ch, i~ being expressly understood, is hereby mortgaged as if spe:~fically set forth and described in the granting and
habendum clauses hereof, and such Receiver shall have all the broad and effective funct~ons a~d po.vers in anywise entrusted by a Cour1 to a Receiver, and
such appointment shall be made by such Court as an adrnitted equity and a ~natter of absolure right to said MORTGAGEE, and without reference to the
adequacy oi inadequacy of the val~e of the prope~ty mortgaged or to the ;o,vency or inso:vency of said MORTGAGOR or the defendants, and that such :
rems, proiits, income, issues and revenues shall be applied by such Receiver accorduiq to the lien or equity of said ~110RTGAGEE and Ihe practice of such ~
3
Court. ;
8. To duly, promplly and fulty perform, discharge, execute, effect, complete, comply ~vith and abide 6y each and every the atipulations, agreements, i
conditions and covenants in said ~Sramisso~y note and this mortgage set forlh.
9_ That in the event the o~vnership of the ~nortgaged premises, or any part thereof, becomes vested in a person other than the MORTGAGOR, the
h10RTGAGEE, i~s successors and assigns, may, without no~ice to the h10RTGAOR, deal ~vith such successur or successor in imerest with reference to thi~
mortgage and the de61 hereby secured in the same manner as with Mortgagor w~thout in any way vitiating or d~scharging the hlortgagors' liability here- '
under or ~pon the debt hereby secured. No sa!e of the prernises hereby moctgaged ar.d no forbearante on the par! of the MORTGAGEE or its successors }
or assigns and no extens~on of the time for the payment of the debt h~reby secured g~ven by the MORTGAGEE or its svccessors or ass;gns, ahall operate
to release, discharge, modify change or affect the original liao~l~ty of the 1t,ORTGAGOR herein, either in whole or in part.
10. It is spec~(ically agreed that time is of the essence of this contrac~and that no waiver of any obligation hereunder cr of Ihe obligation se-
ctred hereby shall at any time thereafter be he!d to be a waiver of the terms hereof or of the instrumenl secured herby. ;
11. In add~tioa to the forego:ng monthly paymen~s of princ'ppl and interest requ~red by the promissory no!e secured hereb~, mortgagor covenams
and agrees to pay to mortgagee with each momh~y pay:nent an add~uonal sum est~mated by mortgagee to be eqval to 1/l2 of thz annual cost of 1he follow- ~
ing:
A-All real prcperty taxes lev~ed or assessed agai~st the above described real estate. 1
B-Premiums on fire and v~indstorm insvrar.ce as herein req~;red to be carried on the improvements situate on the above described premises.
C-Premiums on such mortgage guaranty insurar,ce as mortgagee shall from t:me to time deem fit to carry on the loan secured hereby.
hlortgagee shall from time to time nofify mo~tqagor in writing of the amount due and payable hereundzr a:d such sum shall thereupon be due and
payabte on the due date of the next month;y payment and each successive month thereafter,arti(~mortga ee shall notify mortgagor of a change in such
amount. Such sums sF.all be applied by mortgagee to•:+ard the payment of real propejy- faxes, insurance p~em:ums, and or age guaranty insurance
premiums. :
IN \VITNESS ~YHEREO~, the said MORTG.4GOR has hereunto set his hand and (seal the day and ear~ u t ~a
jdresaid. A
~ c:.. c~s1~.1 r1o1~.._,.+.~ ,7~ itin nn~a nf: ~ / ~ ~ / / 1 ~t
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($eal)
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(Seal)
ATE OF FLORIDA
u.
COUNTY OF S t, Lu c i e ~
Before me personally appeared Ra lnr ~~P.~'P T'
end
Sh i r 1 e`~ Me v E I' his wife, to me well known and kr+own to me to be `
the individuals dzscribed in and who executed the foregoing instrument, and acknowiedged before me that they executed the same for the purposes ~
therein expressed. And the said Sh i r 1 e~T M e ye r
wife ot the said Raloh rte.yer _ , upon a separate and private
examination by me taken :eparate and apart from her said husba d, acknov+ledged to and before me that she executed said instrument freely and volun- .
tarily and without any tompu~sion, constraint, apprehens;onp, o~r of or from her said husband.
WITNESS my hand and official seal th;s ~ 7 V day or Janu~rv , A. D. 19 ~
~ .
Notary Public in and for the State of Florida at Large ~
My Commission expires:
Retum To:
fint Federal Savings !4 loan Asso:iat:en F~~ f~otary Pi;~i t, $:ate ~t Flc~ida at lar~e
ot Fo~? P~erce. ~ r~ _~~~~~~~~yyll _ E C 0 R D E D My tomm,ission E,crires ~~iov. 3, i454 ;
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