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Home My WebLink About1641 ~ - ; - Z 3. To pla<e anil coniinuously keep on the bu~ld~ngs now or hereafter situnte on said land and on all equipment and Fersonally covered by this mort9• agd, with ail przmium~ thereon pa~d in fufl, tire insur~nce in the usval s1andard policy form, in a sum apprcved 6y the MORTGAGEE, and windstorm infvrence fn tha u~ual srandard pol;cy form, in a sum approved by the hlORTGAGEE, in auch company or companias as Ihe h10RTGAGEE may direct; end all fire and windstorm insuronce policies on any of said build~ngs, any interest therein or part thereot, in the aggregara sum a(oresaid or in extesi ihereof, shall contain the usual standard mortgagee clause or such other clause as the h5oitgagee may require, making the loss unde~ said polM ciee, each and every, paynbte to said h10RTGAGEE as its interest may appear, and each and every such policy shail be promptly ass:gned and delivered to eny hr!d by said h;ORTGAGEf as further eecurity fo said mortgage debr, and, not less than ten (10) days in advance of Ihe expiration oi each policy, to de• liver to said h10RTCAGEE a rene~val thereof, together wi~h a receipt for the premium ef such renewal; and there shall be no f~re or ~vindsto~m insurante placed on any oF said b~ildings, any interest therein or part thereof, vnless in the form'and with the loss paya6le as aforesaid; and in the event any sum of money becomes payable under such policy or policies said MORTGAGEE ~nall have the opiion to receive and apply the same o~ atcow~l o'f tha indabtad- ness secured hereby or to permil said MORTGIGORS to receive and us4 it or any part ~hereof for oihcr purposes, rr~~hout thrreb~ .vaiving or impair- ing any Fqu~ty, lien or righl under or by virtue oi this mo:!gage; and in the event said h10RTGAGORS shall for any reason fail to keep the said premises so in~ured, or fail to deliver promptly nny of said polities of insurance to said MORTGAGEE, or fail promptly to pay fully any premium theretor or in any re~pect fail to perfaem, d~scharge, execute, effect, complete, comply with and abide by thls covenan~, or any part hereof, said MORTGAGEE may place and pay for such insurante or any part thereof without walving or af(eding any option, lien, equity, or righl under or by virlue of this Mortgage, and Ihe fvll amoun? oi each a~d every such payment shall be immediately due and pnyable and shall bear interes~ from the date thereo( until paid at tna rate ot nine per tentum per annum and together with such inte~est shall be secured by the lien of ~h~s morrgage. 1. To petmit, commit or su(fer no waste, lmpairment or deterioration af said proptrty or any part thereof. 5. To pay all and singular the ~costs, charqes and expenses, including a reasonable attorney's fee and cosls of abstracts of title, incurred or paid at any time by said MORTGAGEE, because o? in the event of the failure on the pa~t of the said h10RTGAGOR to duly, promptly and fully per(orm, d~scharge. ezecute, e(fecl, cornplete, comply with and a6;de by each and every the stipulations, agreements, conditions, and covenants of said promissory nate and ~hi~ morlgage any or ei~her, and sa~d cos~s, charges and expenses, each and every, shall be immediatety due and payable; whether or not there be notice dt mand, attempl to tollect er suit pending; and the full amovnt of each and every such paymenl shall bear interest from the date theraof until paid at Ihe rate of nine per centum per annum; and all said costs, tharges and expenses incurred or paid, togethar ~vith such inlerest, shall be setured by the lien of thit mortgage. A. That (a) in the event of any breach of this hlortgaye or default on tt~ part of the MORTGAGOR, or (b) in the evenl any of sa:d sums of mcney herein referred to be not promptly and fully paid within thirty (30) days next aher the same severally become d~e and payable, wilhout demand or no~ice, ot (c) in the everlt each and every the stipulations, agreements, conditions and covenants of sa~d promissory note and this morlgage any or either are nof ~~ly, promp?ly a~d fu:ty performed, d~scharged, executed, effected, c~mpleted, compl~ed with and abided 5y, then in either or any such event the said ag~ gregate sum menrioned in said promissory note Ihen temaining unpaid, with interest accrued, and atl moneys secured hereby, shall betome due and pay able foriliwith, or thereaiter, at the option of said MORTGAGEE, as fully and completely as if all of the said sums oi money were originally stipulated to be paid on such day, anything in sa:d promissory note or in this Mortgage to the contrary not~vilhstanding; and thereupon or thereafter at the option of said MORTGAGEE, witFout notice or demand, suit af law or in eqvity, th:reFore or fhereafter begun, may be prosecuted as iF all moneys secured hereby had mawred pnor to its institution. 7. ihat in the event that at the beginning of or at any time pending any svit vpon this Mortgage, or to foreclose it, or to reform it, or to enfotce . _ _ _ . . . • . . . ~ t__ .L_ _ D..~..:..~. ...~L l~.....• •L~II paymenl of any daims hereur.der, saitl ntUKiGAGLi stra~~ appsy to tre tou~t nawr,~ ~c;s~nviciiv:t ir.r~cv~ ~~=n ~Y~.~:.'~~+e 1~~..••.~. forttiwith appoint a receiver of said morlgaged property a~) and sing~lar, intlud~ng all and singular the income, profits, issues and^revenues~irom whatever ~ource deri~ed, ezch and every of ~vh:ch, it being expressly understood, is hereby mortgaged as if spec~fically set forth and described in the g~anting and habendum clauses here~f, and such Receiver shall have all the brcad anci effective funct,ons and po.vers in anywise entrusted by a Court to a Receiver, and }uch appointment ~hall be mada by such Court as an admitted equity and a matter of absolute ~ight to said MORTGAGEE, and without teference to the adequaty or inadequacy oi the va~ue of the properiy mertgaged or to the so'~vency or insotvency of said MORiGAGOR or the defendants, and that such rents, profits, income, issues and revenues shall be applied by such Receiver accordin9 to the lien or equity of said ~hORTGAGEE ar.d the practice of suth Court. = 8. To duly, promptly and fully perform, discha~ge, execute, effect, complete, comply with and abide by each and every the stipulations, agreements, tonditions and covenants in said promissory note and this mortgage set forth. 9. That in the event the ownership of the mortgaged premises, or any part thereof, becomes vested in a person other than the 1hORTGAGOR, the MORTGAGEE, its successors and assigns, may, withoul notice to the A10RTGAOR, deai w~th s~ch successor or successor in interest ~vith reference lo Ihis ~ , mortgage and the debf hereby secured in the same manner as w+th Mortgagor without in any way vitiating or discharging the t.lortgagors' liabi~ity here- under or upon Ihe debt hereby sec~red. h!o sale of the premises hereby mortgaged and no forbearan~e on Ihe pnrt of tha IJIORTGAGEE or its successors or assigns and no eztension of the time for the payment of the debt h~re6y secured given by the MORTGAGEE or its successors or assigns, a~~all operate to release, distharge, modify change or affect the original liability of the MORTGAGOR herein, either in whole or in parf. 10. It is specifically agreed that time is of the essence of this cantract and thal no waiver of any obligation hereunder or of the obligation se- c~red hereby shall at any time thereafter be held to be a waiver of the terms hereof or of the instrument secured herby. 11. In add~tion to the forego:ng monthly payments of princ'p~l and interest requ~red 6y the prom~ssory nore secured hereby, mortgagor cuvenants and agrees to pay to mortgagee ~vith each monthty payrnent an add~~ional sum est~mated by mortgagee fo be equal to 1 j 12 of the annual cost of the follow- ing: ~ A-All real property taxes levied or assessed against thc above described real estate. B-Premiums on fire and windstorm ins~~arce as herein requ~red to be carried on the im~rovements sitvate on t:.e abo~e described premises. ~ C-Premiums on such mortgage guaranty insurance as mo~tgagee shall fro~n time to time deem fit to carry on the loan secured hereby. ; Mwtgagee shall from fime to time notify mortgagor in viriting of the amount due and payabte hereundar and such sum shall thereupon be due and ~ ; payable on the due date of the next monthly payment and each successive month thereafter urtil mortgagee shall notify mortgagor of a change in such j ; amount. $uch s~ms shall be applied by mortgagee towafd the payment of real property taxes, insurance prem:ums, and mortgage guaranty insurance ~ i ? premiums. f IN \HITNE55 Y~HEREOF, the said MORTGAGOR has hereunto set his hand and seal the day and year first aforasaid. ~ . a~wfd,~ble~ and~elivered~n t~p>esence of: ~ ~ (Seal) ~ - ~j . • (Sea(j " (Seal) i r (Seal) t ~ STAtE OF FLORIDA l SR int Luci e ( ~ ~ COUNTY OF ~ Before mc perfonally appeared Mar~ Laster AdderlY• a S1I'1~*1@ B~C~Ult ~ 7~i3Cxi~, to me well known and known to me to be the individva{ described in and who executed the foregoing instr~ment, and acknowledged before me fKa7C executed the same for the pvrposes ~ therein expressed. A~fj[~7(~~' s 6 aaet~~cacac~~c . ~~~~~~~~+~'c ~ ~~fi¢~e;r~~ D[~Txa7C~t+xx~[~t~Ls7~tD~~1~]fDEe'~xaxrK~?GAQatx ~{~i76 7~ ~~M~~]C~~G3j WITNEU my hand and official aezl this day of A. D. 19~ G ~ ~ Notary Public in and for the State of florida at Large My Commission exp'res: ! Retum To:~~ F I L E D AN D R E C 0 R D E D ~Iotary Pi~h,:c, S+.atc 3f rlo~:~a at L2ir~~ First Federal Savings d. loan Association ~ N{~ B 0 0 K ~y,~Y {pfilt;l{S'.iJ~ i.{~71f~1 ~'i0?. 3, I`~V1 ~ Of fOrf Pierce. iJ! I t~~• ~ Eonjed iy i,r.sr;ce~ Fyt:Fi'Caz.!Si~~ Lp, i Fort Pierce, Fforida v'„1 i!-! . ~ti~i;~~:; - '66 FEB 3 PM 3 : N9 ~ _:i:~~' . ` l4`~~5:i . . r~ ~l ~ - ; . K _ _ , . • : , ~ , ~ Y ROGER PU~ riZAS. CLER - , _ - ' ' ST. LUCiE COUNTY. ~ : `1 . - - _ ` ~ ` ~ ~ : ` ~ FLORIDA ~ . _ ' - ' ~ - j.~~,. . - !i : - _ . _ v ~ . ~ ~ ~ ~ ~ ~ _ ` • .j ; ~ . ) , : - ' ~1:.... ` . - s- A ~ ~tr~ DD~h~~~ _ ~V~ t ~ ~ ` . ; ~ _ . . . . - - ~ . _ - ~ . _ ~ ~ - . ~