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Home My WebLink About1557 3. To place and continuously keep on the bu~!dings nuw or hereafler situate on said ~and and on all ec;~ipment and pe~sonally covered by fh~s mortg- ege, with a!i premiurm ihe~eon pa:d in ~ull, fire insuran« in thz usv3i standard poticy fonn, in a su:n approved by the h10RTGAGEE, end windstmm i~surance in the ~sual standard pol;cy iorm, in a sum approved by tha h10RTGAGEE, in such tompany or companiea as !he h10RTuAGEE may d~reU; and all fire and w~ndstorm insurar.ca poticies on any oF sniJ buila:ngs, any intrres? therein or part ~hereo(, in the aggregate sum aforesaid or ln excess thereof, shall contain the uwal standard mortgagee c~ause or such other ciausr as the Alorrgagee may requ+re, making the loss under sa~d poli- cie~, each and every, payab!e to said A~ORiGAGEE as ih interest may appear, and eech and every wch poiicy shaN be promprty au gned and de~ive~ed to z any hetd by said h10R1GAGEf as further aetwity to said morigage dzbl, ar~d, n~t icii ilio~i t~~i „L'; us~5 i: a~.~-cc nS °x~irat~en ef ?ach Lu,G~y, to de- liver to said It10RTGAGEE a renewal thereo(, together with a receipt for the premium o( such renewal; and ihere thall be no fire or win~sto~m insurance placed on any of sa~d buildings, any interest there~n or part iF~ereof, unless in thr form'and with the ~oss payable as afo~esa;d; ar.d in the evcM any ~um of money becomes payable under such policy or pol~cies s~id h10RTGAGEE shall have the opt~on to receive and apply ihz same on a;count o~ the indebted- ness tecuced hereby or to permit said A10RTGAGORS to receive and use it ot any part thereof for o:her purc:oses. ~v~~hout ihareu~ ~vaivi~r3 0~ impair- ing any equ~ty, fien or r~ght under or by virfue of this mo:!gage; and in the evenf sald h10R7GAGORS shall For any reason fail to keep ~he said premises so insured, or fail to deliver promptly any of said pol~cies of insurence to sa~d h10RTGAGEE, or fail promptly to pay fvlly any prz~nium therzfor or in any respecf iail to perform, dfscharge, execute, eitect, complete, cornply ~viih and a6ide by th~s covenant, or any part hareof, sa~d h10RTGAGEE m3y place a~~d pay for such ineurance or any part fhefeof ivithout walving or affecting any option, lien, equity, or rig1~1 un~.ler or by virtue oF this Alortgage, and the tull amount of eath and every such payment shall be immediately due and payable and ihall bear intcrest fror the date thereoi until paid al the rate ot nine per centum per annum and to~zther w•ith such inlerest sha~l ba secured by the lien of lhis mortgage. 4. To permit, commit or su(fer no waste, impairment or deterioration of sa;d prope~ty or any pari thereof. S. To pay atl and singular the~costs, charges and expenses, including a reasonable attorney's fee and cosls ef abstracts of title, incurred or paid at any time by said h10RTGAGfE, because or in the event of the failure on thz pnn of !he said lr50RTGAGOR to duly, promptly and f~lly pe~fctm, d~scharge. execute, ef(ect, complete, comply w~th and ab:Je by earh and every the stipulat~ons, agreen,ents, cond~tions, and covenants of s3id pro:nissory note and th~s mortgage any or either, and sa.d cosls, charges and expenaes, each ar.d every, sha~l be immediately due and payable; whether or not Ihere be notice c.+z mand, attempt to co!lec: er suit pending; a~d the full amount of each and every such payment shall bea. interest from the date thereof until paid at the rate of nine per centum per annurn; and all said costs, charges artd experses iaa~rred o~ paid, )ogefher with such iMerest, shall 6e secured by the Gen of this mortgage, Thal (a) in Ihe evenl of any breach of Ihis h!ortgage or defaulf on ih~ part of the MORTGAGOR, or (b) in the event any of said sums of money herein referred to be not promptly and fvlly paid within thirty (30) days ne.xt after fhe same severa!ty become due and paya~le, without demand or notice, or (c) in Ihe evrql each and every the slipulations, agreemeros, conditions and [ovenaMS of sa'.d promissory ~ote and th~s mortgage any or e~ther are ~of ~uly, promptty and fulty performed, d:scharged, executed, effeued, compteted, compGed ~vith and abided `~y, Ihen in eilher or any such evenf Ihe said ag~ gregate sum ment~oned in said promissory note then remaining unpaid, with interesl acuued, and all moneys secured hereby, shall betome due and pay- able fortliwith, or therea(ter, at the option of sa~d hIORTGAGEE, as fuity ar.d completely as if all of tlie said sums of money were o~iginally stipulated lo be paid on such day, anything in sa:d prom~ssory note or in this hlortgage to the contrary not~vithstanding; and thereupon or thereafter at the opt~on of said MORTGAGEF, witFout not;ce o~ demand, suit at lacv or in equity, therefore or thereafter begun, may be prosecuted as if all moneys secured hereby had matured pnor to its institutlon. 7. Thal in the evenl that at the 6eginning of or at any time pending any su~t upe~ this Mortgage, or to foreclose if, or to reform i1, or fo enforce paymeM of any ciaims hereunder, said ~AORTGAGEE shaH appty to the Cour1 having ju~~sd;ction lhereof (or the appo~ntment ot a Receiver, such tourt shall forlFiwith appoint a receiver of said mortgaged property all and singu!ar, includ~ng all an~1 sinqular the income, profits, issues and revenues from whatzver source derived, each and every of wh;ch, it being exp:essfy unde~stood, is hereby merrga~ed as if spec~ficatty set forth and drscribed in the granring and habendum clauses hereof, and such Receiver shall hnve all the broad and effeUive funcr.ons ar.d po.vers in anywise entrust:d by a Court to a Receiver, and •uch appointment shall be made by such Court as an admitted equity and a matter of absolute right to said MORTGAGEE, and without reference to lhe adequacy or inadequacy of the vaiue of the proper~y mortgzged or to the so~vency vr insoivency of said IAORiGAGOR or the defendar~ts, and thaf such rents, profits, income, issues and revenues shall be apptied by such Receiver accord~ng to the lien or equity of said MQRTGAGEE and the practrce of auch Court. 8. To duly, promplly and fully p2rfo~m, dizcharge, execute, effect, complete, comply vf~th and abide by each and every the stipulations, agreements, conditions and covenanrs ;n said prom;sswy note and lh;s mortgage set forth. 4. :;~al in the event the ownership of the mortgaged premises, or any part thereoF, becomes vested in a person othe~ than the h10RTGAGOR, the A!CitTGAGEE, its suctessas and assigns, may, without no~ice to the h10RTGAOR, deal with such successor or successor in interest with re(erence to this mo~tgage and the debt hereby secured in the same manner as with A!ortgagor w+thout in any way vi?;ating or d+scha~ging the Alarrgagors' liability here- under or upon the de6t hereby secured. No sa!e aS the premises hereby mo.tgaged ar.d no forbearance on the part of the 1.10RTGAGEE or its successors or assigns ar.d no extension oF the time for the payment of tne aebt hereby secured given by the ~AORTGAGEE or its successors or ass:gns, ahai? operate to re~ease, d~scharge, modify ~1~ange or affect Ihe orig;nal l;ab;l;ty of the N,ORTGAGOR here~n, either in whole or in part. lU. Is is specifi~ally ;greed that time is of the essence of th~s contract and that no waiver oi any obligation hereunder or of the obligafion se- : ccred hereby shall at any time thereaher be held to be a~vaiver of the terms hereof or of the instrument sewred herby. ~ 11, In add~tio~ to the foreg~~ng monthly payments of princ ppl and intereN required by the prom~sscry no!e sewred hereby, morigag~r tovenanls ~ and agrees to pay to mortgagee with each monthly payr~ent an add~reonal svm esf;mared by mortgagee to be eq~al to 1/12 of the annual cost of the follo~v- p ing: A-All real property taxes levicd or assessed agai~~st thc above descrbed real estate. B-Premiums on tire and ~vindstorm insurance as here~n requ~red to be carried on the improveme~ts situate on the above described premises. C-Premiums on ;uc6 mxtgage guaranty insurar,;e as mortgagee shalf from t'me to rime deem fit to <arry on ihe loan secured hereby. i Mortgagee shall from time to time norify mo~rgagor in writing of the amount due and payable hereunder and such sum shall thereupon be due and ` payable on the d~e date of th= nezt monthty paymem and each waessive month thereafter ur.til mortgagee shall notify mortgagor of a change in such amount. Suth sums sF.all be applied by mortgag~e to.~~ard fhe payment of reai praperty taxes, insvrance prem;ums, a~id morfgag~ guaranty insutance premiums. IN 1"~ITNESS v'JHEREOF, tha said MORTGAGOR has hereunto set his hand and sea! the day and yea - first aforasaid. - Signed, $ealed and delivered in the presence of: ~ ~ ,-Ei J ~L u j ~ i - ' ~ I (Sea!) , ' 'z' G L ' . (Seal) ~ ~.Z ~.~[n - (Senl) {Seal) ATE OF FLORIDA ~ COUNTY OF ~t , . ] . i . 1 Sefore me personally appeared r p7"OV 9ttlh and i i - MR.I' l~n r A mh his wife, to me well known and known to me to be the indrvid~als descri6ed in and who executed the foregoing instrument, and acknowledged before me that they Executed the same for the p~rposes i therein expressed. And the ~aid I?tari ~ vn T t71Z7 viife of the said r~ .2'OV I.8t7ih upon a separate and private examination by me taken separate and apart from her said husband, acknowledged to and before me thaf she executed said instrumerl free{y and volvn• tarily and wiihout any compulsion, constraint, apprehension, or fear of or from her said husband. WITNE55 my hand and official seal this t day of F~t'"~~'-',`1' ~~~L ~ ~ ~ 4~_ : ' : ~ 'rr-¢ AA/Li ~ ~ _ `~1 f ' ,,~I• . ~otary Public i~ and for the 3teT~'~f' FlQ~dp er ~ My Commission expire~ati ~ S(e Of~ it~ ~E Re'"'" r°: FILED tiNG RECOROED ~ ~ ~ First Federal Sav+ngs 6 loan Associat~orr ~ i ~ ~•y Q (J Q ~Y •(0~!l4fMSlt0~1~1 ~~~f~s ~ i~ 9 Of Fort P~e~ce. `~~~ij~ir~{/~ b"s~J~Y~/~1~K~!n fin` ~stWSt~ Co_ ~ Fort Pierce, Flor;da ~ ,~~C~ - ; „ ' ~ ~ . 2 0 ~ , ~ 6G FE~ 1 PR1 3. . ~ t," ~ 'T ~~~f ~ ~ . . . - ROG~tt ~ ~~,-:-i::1~. ~LERK ~ - . - . ST. LUC1c COUN i Y, ~ ~ ~ ~ FLORIDa - : - - ; ; . ' ~ , . ~ '~U 3 . . ~~~~x.~~ _ 5 . - ; ~ - _ ~ ~