The URL can be used to link to this page

Home My WebLink About1705 3. Tu place and continuously keep on the bui!d~ngs now or hereafter situate on sa~d land and on all e;~uipment and persor.aliy covrred by this mortg• ege, with ell premiurris Ihereon paid in full, firc insurance in Ihe uaval standard policy form, ~n a sum approved by tha A10RivAGEE, and ~vinds~orm ins~rance in ihe unual standa~d policy form, in a sum approved by ~he h10RTGAGEE, in such tampany or companies as ~he ~ti!ORTGAGEE may direti; and all fire and winustorm insurance policies on any of said buildings, any interest therein or part tfiereoF, in Ihe aggr~gate s~m a(oresaid or In excess thereof, ~hall contain the usual standard mortgagee clause or such other cla~se as the Mo~tgagee may regui~e, making the lo~s undr~ iaid poli- cief, each and every, payable to said htQRTGAGEE as its intereat may appea~, and each and every such policy shall 6e prompt~y a;s gned and delivered to any held by said h10RTGAGEE as furiher sec~rity to said morigage debt, and, not less than ten (10) days in advance of ?he expiration of each policy, to de- liver to said MORTGAGEE a renewal thereof, together with a rece~pt {o: the premium of such renewal; and the~e shall be no f~re or windstorm insurance plated on any of said b~~iiding~, any interesl iherein or part lhereof, unless in the form'end with the loss payable ai aforesaid; and in ihe event any sum of money becomes payab!e ~nder such policy or policies sai~ A10RTGAGEE shall have tha opt~on to receive and apply 1he same on accounl o~ ihe indz6ted- ness secured hereby or 1o permit said h10RTGAGORS to recrive and use it o~ any part the:eof ior other purposes, v~i~hout th~rco~ .vaivin~ or ~mpa~r- ing any equity, lien or right ~nder or by virtue of this mo:tgage; end in the event said MORTGAGORS shall for any reason fail to keep the ~aid premises so ~ns!~!?d, or fail to deliver promptly any of said policies of inaurence to said MORTGAGEE, or fait promptly to pay fulty any premium therefor or in any respect fail to perform, discharge, execute, effed, com~!ete, compiy with and abide by ihis covenant, or any part hereof, said MGRTGAGEE may place and pay for such insurance or any parl thereof ~vithouf walving or affecting any option, lien, equity, or righ~ under or by virtue oi this Alortgage, and the full amovnt of each and every such paymant shall be immediately due and payabic and shall bear interest from the date thereof until paid at ihe rate ol nine per cemum per annum and to~ether with such iNeresf shall be secured by the lien of this mortgage. 4. To permit, commit or suffer no ~vaste, impairment or deterioration of said property or eny part thereof. 5. To pay all and singular the.costs, charges and expenses, induding a reasonable attomey's fee and costs of abslracts of title, incurred o! paid a1 any time by said MORTGAGEE, becaus! or in the event of the failure on the part of the said h50RTGAGOR to duly, promptly and fully perform, d~scharge, execute, etfect, complete, comply with and abide by each and every the stipulations, agreerttents, conditions, and tovenants of said promissoty note and this mortgage any or either, and sa~d costs, charges and exprrxes, each and every, shall be immediately due and payable; ~vhether or not ihere be n~tice dr mand, ailempt to colleet or suit pending; and the full amount of each and every such payment shall bear interes~ from the date thereof until paid at the rate of nine per centum per annum; and all said costs, charges and expenses incurred or paid, together w~th such imerest, shall be setured by tha lien ot thii y, morfgaga. A. That {a) in the event of any breach of this Mortgage or default on th> part of the MORTGAGOR, or (b) in the event any of sa~d s~ms of money herein referred to be not promptly and fully paid within thirly (30) days naxt after the same severally become du~ and payable, without demand or ~otite, or (c) in the everlt each and every ~he slipulations, agreements, cond~tions and tovenants of sa~d promissory note and th~s morlgage any or ei~her are nol ~uly, promptly and fully performed, d;scharged, executed, effected, completed, complied v~ith and abided Sy, then in either or any suth event the sa~d ag- gregata svm mentioned in said promissary note then remaining unpaid, v~ith interest accrued, nnd all moneys Setured hereby, shall betome due and pay able forthwith, or thereafter, at the option of said MORTGAGEE, as fully and completely as if all of the said sums ef money were originally st~pulated to be paid on such day, anything in said promissory note or in this Moitgage to the tontrary notwithslanding; and thereupon or lhereafter at the option of said MORTGAGEE, without notice or demand, svit at law or in equity, therefore or thereafter begun, may be prosecuted as if all moneys sewred hereby had matured prror to its institution. 7. 7haf in ihe event that at the beginning of or at any fime pending any suit upon this Mortgage, or to foreclose it, or to teForm it, o~ to en~orce P~lym¢ni O( any tiai~ns iietrU~iU'el~ Soiti iriviiiv~+v~i S~ia~i oNNiy iJ Si2 ~.'vuii Y~oYii~y ju~tSu~i~~'v~~ i~ c':cOS :Cf ::c oj~j.O:::~: i.:T "~^:J:: fortFiwith appoint a receiver of said morlgaged properly all and singular, includ~ng al~ and singufar the income, profits, issues and `revenues•irom whatever source derived, each and every o4 whic,h, i1•being expressly understood, is hereby mortgaged as if spec~fi:ally set forth and described in the granting and habendum dauses h?reof, and such' Receiver shall have all the broad and effecrive funct~ons and po~vers in anywise emrusted by a Court to a Receiver, and such appointment shalt be made by such Court as an admitted equity and a maner of absolute right to said MORTGAGEE, and without reference to the adequacy or inadequacy of the value of the prbperty mortgaged or to the selvency or insotvency of said MORiGAGOR or the defendants, and that such rents, profits, incame, issues and revenues shall be applied by such Receiver accordin9 to the lien or equity of said MORTGAGEE and the practice of such Court. 8. To duly, promptly and fully perform, d;scharge, execute, effect, complete, comply wi~h and abide by each and every the stipulations, agreements, conditions and covenants in said promissory note and this mortgage set forth. 9. That in the event the ownership of the mortgaged premisas, or any part thereoF, becomes vested in a person other than the h10RTGAGOR, the hlORTGAGEE, its successors and assigns, may, without notice to the MORTGAOR, deal with s~ch suctessor or successor in interest with reference to this mort~age and the debt hereby secured in the same manner as with Mortgagor without in any way vitiating or discharging the 1~lortgagors' liability here- under or upon the debt hereby secured. No sale of the Fremise: hereby mortgaged and no forbearance on the parl of the !.10RTGAGEE or its suctessors or assigns and no extension of the time for the payment oi the deb~ hereby secured given by the MORTGAGEE or its successors or tssigns, ahall operate lo retease, discharge, modify change or aFfect 1he orig~nal liability oi the MORTGAGOR here~n, either in whole or in part. 10. It is specifically agreed that fime is of the essence of this contract and that no viaiver of any obligation hereunder or of the obligation se- a;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 monthty payments of princ'pDl and interest required by the promissory note secured hereby, mortgagor covenanfs and agrees to pay to mortgagee with each morohly paymem an addirional sum estimated by mortgagee to be eq~al to 1 j 12 of the annual cost of the follow- ing: A-All real property ?axes levied or assessed agaiost the above desaibed rea~ estate. B-Premiums on fire and windstorm insurance as herein requ~red to be carried on the improvements situate on the above d~scribed premises. , C-Premiums on such mortgage guaranty ins~rance az mortgagee shall from t~me to time deem fit to carry on the loan secured hereby. Mortgagee shall frorn time to time notify mortgagor in v~~iting of the amount due and payable hereunder and such sum shall thereupon be due and ± ; payable on the due date of the next monthly paymeM and each successive month thereaffer ur,til mortgagee shall notify mortgagor of a change in such ~ amount. Such sums shail be apptied by mortgagee toward the payment of real property taxes, insurance prem:ums, and mortgage guaranly insurance premiums. WITNESS WHEREOF, the said MORTGAGOR has hereunto set his hand and seal the day and year first aforesaid. ned, ~ed a d ivered in the presence of: ~ r / i i G (Seal) (Sealj (Seal) ' (Seal) t j STATE OF FLORIDA , ~ ~ ~ ~ SS. COUNTY OF T.1 ] C! 1~ ~ Before me personally appeared AL1~USt Glomb~ A single AC~Ul.t~ -his-.~ilt, to me well known and known to me to be the individualt- described in and who executed the foregoing inztrument, and ac4nowledged before me that fheT executed the same for the purposes Iherein expressed. /4nd the ~aat- wFf~ot-the-ea9d- `~an+a~sepqretr and pri+etc lJMTiR~!!OR ~r M!~ MI14lf Ot~lflllR ~ORd~@¢~7rf ~{?AM ~1EM ~lf(I~)O!~ls11lh ~lCIIM~MIl~E~~IO~E71~ LGFOlE+TAE~IfIl1~lI1Q~Bf(QtO1B1~{~id~u,~.drtie+M~4r~E~~andrwlrrr - - - ~ 1ariF~~erndtivilhoot-erry-eempeleiort~.-cerrttreinh,-epg -or~eeref-orfrun-Frer-said-heslbaneF. . , ~ ~ WITNESS my hand and official seal this N• day of ebr ~~A_~D:•.T9~ ~ ~ ~ , ~ ~h:~ - : Notary Public in and for t}ie Stite of f+bor~~t lerge - h1y Commission expiros: ' - ' T, ,-~I , _ i Retum To: L~'-` Zi{. rt ~,i . , Fint Federal Savings ~ loan Association ~ I L E D A N D R E C 0 R E ~ j Of Fort Pierce. °~~~.1r~{ F3 QK ; ~ fort Pierce, Florida L~TfQ- ^ ° NOTARY PUBLIC. STATE oi FIORIDA at IARGf, ' i l - ~ MY CQh1ti11SSI0N EXPIP,ES APR. 24. 1969, f - 66 FEB 4 PM 3. 36 ~ i _ ~ ~ ~ . - -~-~~~~5~~ ~ ~ ~ ~ , . ROGEii t'Oi~i :;~5. CLERK = ~ . ~ - - ST. LUCIC COUNTY, - ~ - ~ , ~ FLORIDA . : ~ ~ - _ ~eox~~ t~ ~ ~ . . ~ ~ i.;.; . . : ~ ~ F -l~ f:J~ ~P,~.~