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Home My WebLink About1559 3. To place and coMinuously keea on the bui!ding: no.v ar hereafter situate on said land a~~d on a!! ~quipmeM and Fersonally covzred by tnit mor?g- age, with all pre»tiiu:rs ~hereon pa~d ~n iull, fire inw~ance ln ihe usu31 srand~rd pol~cy form, in a sum approved by 1he MORtGAGEE, and ~vinds~orm insuronce in Ihe usual etandaid poS~ty (orm, in a sum approved by tha l.10RiGAGEE, in such tompany or companies es the MORiGAGFE mey direct; and atl fire and w~ndstorm insurance policies on any flf sa~d build~ngs, any inlerest therein o~ part ihereof, in the aggreya~e sum aforesa~d or (n excess ~hereof, shall coNain the usual s~andard mortgagee clause or such other ciause as the Alortgagee may requ~re, rnaking the loss undzr sa~d poli- des, each and every, payab~e to said hIORTGAGEE as itf intcrest may appear, and eech and every such policy shall oe promptly ass.gned and delivered ~o ~ eny held by 3aid AiOkT~'iAGEr as furihe~ 3aeiitity t8 Sdil{ ~r~:ty3g~ ~c~t, and, n~+ !c:s lh~n t~n (,1Q? days in aJvance of ~he expiretion of each polity, to de- liver to said MORTGAGEE a renewal thereof, together with a rece~p~ for the premium of such renewal; a~d !here shall be no f'ue or windsto~m insuronce placed on any of said buildings, any interest therefn or part ~hereof, unless in the form'and rsith ihe 1=~s payable as aforesaid; and in the eveM any sum i of money becomes payable ur.der such polity or polic~es said MORiGAGEE shall have the option to rece:.^ and apply ihe same on auo~~M a~ the indebted• ~ ness secvred hereby or to permit said MORTGAGORS to receive and ~se it or any paH thereof lor othe~ purE~ozrs, w~thout ~h_rc'v~ ~vaiv;+~3 or ,~npair- inq any eq~~ily, lien o~ right under or by viitue of Il~;s mo:~gage; and in Ihe event sa~d MORTGAGORS shall for any reason fait to keep ~he said p~emises so - insured, or fail lo deliver promptly any of said policies of inwrartce to said ~110RTGAGEE, or (ail promptly fo pay fully any pre~~~ivm therefor or in any f re~pect fail to per(orm, discharge, exetute, effecf, complete, comply with and abide by this covenanf, or any part hereof, said MORTGAGEE n,ay place a~id pay for such insurante or any part thereof without watving or afiecling any option, lien, equity, or right under or by virtue oi this hlortgagz, and the full amount of each and every such payment shall 6e immrdiately due and payable and shall 6ear intc ~cl from the date ~hereof until paid at the rate o} nine per centum per annum and to~ethar with wch intereet shall be secured by the fen of ihis mo~lgage. 4. To permif, comm+t or ~uffer no waste, impairment or deterioration of said property or any part thereof. 5. To pay all and singular the ~costs, charges and expenses, including a reasonable attorney's fee and costs of abstrat~s of title, incurred or paid at any time by said A10RTGAGEE, becaus! or in the event of the failure on Ihe part ef the said MORTGAGOR to d~ly, promptly and fully perie:m, d~scharge. execute, effed, tomplete, comply ~vith and ab;de by each and every the sYrpulations, agreemeNS, condition~, and covenants ~f s~id promissory note and Ihis t~ mor~gage any or eiiher, ar,d said cos~s, charges and expenses, each and every, shall be immed~atety due and payable; whether or not there be notice da mand, attempt to tollect or suit pending; and the full amount of each and every such payment shatl bea~ interest from Ihe date thereof unti! paid at !}~e ` rate of nine per centum pe~ annum; and al! s~id costs, charges and expenses incurred or paid, together w~th ,uth interest, shall be secured by the lirn of th~s mortgage. A. That (a) in the ev~n1 of any breach ot this Mortgage or default on the part of the MORTGAGOR, or (b) in the event any of satd s~ms of money herein referred to be ~ot promptly and futly paid withi:~ fhirty (30) days next after the same seve~ally become due and payable, without demand or notice, or (t) in the eveql eath and every the stipulations, agreemenls, conditions and covenants of sa~d promissory note and th~s morlgage any or either are not ~uly, promptly and fully performed, d~scharged, executed, effected, completed, compl~ed w~th and abided `~y, then in either or any svch event the eaid ag• gregate sum mentioned in said promissory nofe lhen remaining unpaid, with interest accrued, and all mon~vs secured he~eby, shall become due and pay able fortliwith, or Ihereafter, at the option of said MORTGAGEE, as fully and completely as ii all of the said s~ms of money K•ere originntly stipulated to be paid on such day, any~hing in sa:d promfssory note or in this Alortgage to the contrary notwithstanding; and the~eupon or thereafter at the option of said MORTGAGEE, without notice or demand, suit at law or in equity, therefore or thereafter begun, may be prosecuted as if all moneys secured hereby nad matured pnor to iis instituiion. 7. Thaf in the event fhat at thr beginning of or at any time pending any suit upon this Mortgage, or to foreclose it, or to reform if, or to enforte paymen~ of any daims hereunder, said /AOR7GAGEE shall apply to fhe Court having jur~sd~ction thereof tor the appointmen: of a Receiver, such Court shall fortFiwith appoint a receiver of said mortgaged property all and singular, indud~ng all and singular the inw...e, profits, issues and revenues from whatever source derived, each and every ~f which, it being expressly unders~ood, is F.ereby mortgaged as if spec~(ica!!y set forth and desv;bed in ~he grnnring and habendum clauses hereof, and s~ch Reteiver shall have all the b~oad and effecr~ve fvnct~ons and pov~ers in ;.nyv~ise entrusted by a Court to a Receiver, and tuch appointment shall be made by such Co~rt as an admitted equity and a malter oF absolute right to said h50RTGAGEE, and withoul referente ta ihe edequacy or inadequaty o( Ihe value oF the proper?y mortgaged or to the soivency o~ insolvency of said htORiGAGOR or the defendants, and that such rems, profits, income, issues and revenues shall be applied 6y s~ch Receiver according to the lien or equity of said MORTGAGEE and the practice of such ' Court. 8. To duly, promptly and fuliy p~rform, discharge, execute, effect, comptete, co~~ip~y vv~th and abide by each and every the slipulations, agreements, cond;fions and cevennnis in said promissory note and th~s mortgage set forth. 9. Thaf in the evenl the ownership of the mortgaged premises, or any part thereof, hacomes vested in a person other then the h10R1GAGOR, the MORTGAGEE, its suctessors and assigns, may, v~ithout notice to the MORTGAOR, de:.l with such successor or successor in interest ~vith reference to this mortgage and the debt hereby secured in the same manner as with ~ho~tgagor wifhout in any way vitiating or d~scharging the hlortgagors' liability here- under or upon the debt hereby secured, No sale of the p~emises hereby mortgaged and no forbearan~e on the part of Ihe R10RTGAGEE or its successors or assigns and no extension of tha time for the payment of the c3ebr horeby secured given by the /1,ORTGAGEE or its successors or ass:gns, ahall ope~at~ to release, discha~ge, modify change or aifecl the original liabitity of the h10RTGAGOR herein, either in whole or in parl. 10. It is specifically agreed that time is of the essence of this contratt and that no waiver of any obligat~on hereunder or of the obligation se- c~red hereby shall at any time th:reafter be held to be a waiver of the terms herepi cr of the instrument secured herby. 11. In add;tion to the forego:ng momhly paymerns of prinCppt and interest required 6y the promfssory no!e secured hereby, mortgagor covenants and agrees to pay ro mortgagee wirh each monthly payrnem an add~rional sum est~n:ared by mortgagee ro be equal to 1/12 of ti;e annual cost of the fo~low- ing: . ' i A-All real property taxes levied or assessed agai~st the above described rea~ es~ate. B-Prem~ums on fire and v~indstorm insurance as herein requ;red to be carried on the improveme~ts sit~ate on the above d=scribed premises. C-Premiums on such mortgage guaranty insurar,~e as mortgagee shall from t;me to time deem fit to car~y on the loan secured hereby. Mortgagee shaU from time to time notify mortgagor in writ~ng of the amount due and payable hereunder and such sum shall therzupon be due and payable on the due date of the next mcnthly payment and each successive month thereaffer until mortgaaee shall not~fy mortgagor of a change in such amounL Such sums sh.all be apptied by mortgagee to~~ard the payment of real propeity taxes, insurance prem:ums, and mortgage guaranty insurance premiums. IN YJITNESS WHEREOF, the said h10RTGAGOR has hereunto set his hand and seal the day and year first aforasaid. ed, aled and , eliver in the resence of: ! / ($eal) ' . ~~~~(Seal? {Seal) (Seap STATE OF FLORIDA ~ couNn oF Saint Lucie Befor e per onal y appea ed 'j0~ `S • ~emer and ' ~ar~.o~te dnn Cemer ` his viife, to me well known and known to me to be the individuals described in and who executed tha foregoing instrument, and a~knowledged before me that they ezecuted the same for the pvrposes therein expressed. And fhe said ~'i~18 ~ O '~~Ann ['AjIJR~,r, wife o4 the said - JOhn S. Ce Y' ~aon a separate and private ~ examination 6y me taken separate and apart from her said husband, atknowled5ed to and before me thal she executed said instrument freely and volun- F tarily and without any compu~sion, constr yptt,. a~prRheMivn or fear of or from her 'd h band. . ~ WITNESS my hand and official seai this day of A. D. 19_[z~ ~ , - . ~ ~ Notary Pubt~- in and for the State of Fiorida at Large ~ Q RECpR~ oOK My Commission expires: Relurn ~o: ~~i~ First federal Savings L l'oan Associa ~'`E ~t:~; i Of Fort Pierce. ~'T ~'~~:L~j i~:i::~;:. ~'.ei: :i r~~ii~~~ 'i ~)'~P. ~ 's/~C~ Fc~t Pierte, florida ,~L ' f~ y Comniissior, Exn~:~_s i~~'~- ~su9 ~ ` PM fcn.'.:0 fi A~-_ ~.~n F~te i. l~s. to. { : , ~6s F~g ~~4 ~ ~ I . _~_~,~.d`.i_. J~3 . _ _ ~ r ' - • - - . ER F~, r1:H'. ~~T-YRK - _ _.t~~ " - R0~ UC`~ C~~~ 1 Lr i ~ - . . , . ST' L ~ ~p R?D A . ~ ~ _ ~ ' - - ' " ` C" `T ~'i . 3 ;f`;~ •t; • . .'/~i..'~.. • ^ ' 1 ~ i; ~ ' ~ ~ ' • ` . r~ , • - ~ . . . . j~ ~o~?K~~ 1 ; 35~ . ~y~ ~