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Home My WebLink About1987 3. To piace and continuously keep on ihe bui!dings no•.v or hereafter situate on said land and on all equipment and personally tovettd by thi? mortg- age, with all ptemiumZ thereon pa~d in ~ull, fire insurance in ihe usual siandarJ polity form, ;n a sum approved by Iha h10RTGAGEE, and windstorm Imurance in the usual standard pot;cy form, in a sum approved by the MORTGAGEE, in wch company or canpan~es as tha A10RTGAGEE may direct; and all fi~e and ~vindstorm insurance policies on any of said build~ngs, any intere~t therei~ or ~art thereof, in the aggregate ~um aforeseid ot in excess thereoF, shail contain the us~al s~andard mortgagee clause or such other clause as the hlortgagee may requ~re, making the loss vndtr said poli- cies, each and avery, payabte to said A10RTGAGEE as ~ts interest may appear, and each and every svch poficy shail be promp!ly ass.gnrd and delivered to anv held bv ia~d ti~ORiGAGEE ns fur~her ~ecurity to said morigage debt, and, not less ~han ten (10) days in advance of the expiration o1 rach pol~cy, to de- liver to said h10RTGAGEE a renewal thereof, tegelher with a teceipt for the premium of such renewal; and Ihere shail be no ~ire or windstorm insuranct placed on any of said buildings, eny intrresl Iherein or parl thereof, u~tess in ~he form'and with ~he toss payabte as a(oresnid; and in the event any sum of money becomes payable undrr such potity or policies saiJ A50RTGAGEE shall have ~he opt~on to receive and apply tho same on accoun? o~ Ihe indebted- ness secvred hereby or to permit said MORTGAGORS to receiva and use it or any part thereof for other p~rposes, v~i~hout ~heieo~ ~vaivi~~g or ~~~~peir- ing any eqv~ty, lien or right u~der or by virwe of thia mo:sgage; and in the eveM sa:d A10RTGAGORS shall 40~ any reason fail to keep the sa~d premises so ins~red, o~ fail to daliver promptly any of said pof~cies of insurance to said h10R1GAGEE, or (ai! promptly to pay fully any premium theretor or in any resped (ail to per(ocm, d~scharge, execute, e(feU, comptete, comply with and abide by this covenant, or any part hzreof, said MORTGAGEE may place and pay for ~uch insurance or any parl thereof w~thout watving or affecting any option, lien, equity, or right under or by virtue of this Mortgage, and the full amo~nt of each and every such paymtnt shall be immediately due and payable and shall bear inie~est from the date thereof until paid a1 the rate ol nina per centum per annum and fogether with suth interesf shall be secured by Ihe lien of this mortgac~e. d. To permit, commif or suffer 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 (ee and cosis of abstratts of title, incurred or paid at eny time by said MORTGAGEE, because or in the event of the failure on the part of the eaid MORTGAGOR to duly, promptly and fully perform, d~scharge, execuie, eiieci, comptefie, comaty wiin and ao:de vy aach ar:~ cvcry the atpulat;~~3, a~r2ez~2rsts, cand+tians, c~ranant: o( sai:! ;.ra:r.ea:ory r.=t~ a~d th:e mortgage any or e~~her, and sa~d costs, charges and expentes, each and every, shall be immediate~y due ard payable; whether or ~ot there be notice da mand, attempt to collect or suit pending; and the full amount of each and every such payment shall bear interes~ from the dnte thereof until paid at tne rate of nine per centum per ar.num; and all said costs, charges and expenses intvrred or paid, together ~v~1h wch intetest, shall be aetured by the lien ol thif martgage. A. Thdt (a) in the event of any breach of this hlertgage or defnult on tl~.: part of the h10RTGAGOR, or (b) in the event any of sa~d sums of money herein referred to be nol promptly and fully paid within ~h~rty (30) days next after the same severally become due and payable, witl~out demand or notice, or (c) in the everll each and every tha srip~lations, agreements, conditio~s and covenants of sa~d promissory note and th~s morlgage any or either are not ~uly, promptly and fully performed, d~scharged, execured, effected, completed, compl~ed ~vith and abided 5y, then in either or any such event Ihe said ag- gregate sum ment~oned in said promissory note then rema~ning unpaid, ~v~th interest accrued, and all moneys secured hereby, shall become due and pay- able fortliwith, or therea{ter, at the option of said MORTGAGEE, as fully and completely as i( all of the s~~d sums of money w•ere origina~ly slip~lated to be paid on f~ch day, anything in sa:d promiszory note or in this Mortgaga to fhe contrary not~vithstanding; and thereupon or therea(ter a1 Ihe option of taid MORTGAGEE, without notice or demand, suit at law or in equi~y, therefore or thereatter begun, may be prosecuted as if all moneyt secured hereby ; had malured pnor to its institulion. 7, That in the event thai af the beginning of or at any time pending any su~t ~pon this Mortgage, or to foreclose it, or to reform it, or to enforce paymenl of arty claims hereunder, said 1.IORTGAGEE shall apply to the Cour1 having jur~sd~ction thereof for the appo~ntment of a Receiver, auch Court shall FortFiwith appoint a receiver of said mortgaged property all and singular, inclvd:ng all and s~ngular the income, proFits, issues and revenuei from whateve~ source derived, each and every of which, it being expressly understood, is hereby mortgaged as if spec~fically set forth and destribed in the granting and habendum dauses hd4eof, and such Receiver shall have all the broad and effective funu;ons and povrers in anywise entrusted by a Court to a Receiver, and tuch appointment sh~ll be made by such Court aa an admitted equity and a malter of absotute ?ight to said MORTGAGEE, and without reterence to the f edeqoacy or inadequacy of the vafue of the property mortgaged or to the so;vency or insolvency of said MORTGAGOR or the defendants, and that such ! . . . . . _ . renis, profi~is, ~n2ome, ~"s'svei ei~u icve~ivei iiieii ue eNpi~eu iiy i~Cii iieteivei accvsd~iry to ii~c ~icr~ ai eyvit'~ vi taiu i.~vniv:;ei~~ a~:a ~~~a ptaci~.c vi Court. 8. To duly, promptly and fully perform, discharge, execute, effect, complete, ccrt~ply with and abide by each and every the stip~lations, agreements, ca~ditions and covenants in said p:om~ssory note and th~s mortgage set for~h. 9. That in the event the ownership of the mortgaged premises, or any part the~eof, becomes vested in a person other tha~ the MORiGAGOR, the MORTGAGEE, its 3vccessors and assign:, may, withouf notice to the MORTGAOR, deal with such successor or svccessor in inferest with reference to this € mortgage and the debt hereby secured in the same mar~ner as w~th hlortgagor wirhout in a~y way vitiating or d~schargtng the /.:ortgagori liability here. • ~nder or upon Ihe debt hereby setured. No sale of tFie premises hereby mortgaged and no forbearance on the parl oi the IAORTGAGEE or its successors or assigns and no extension of the time for the payment of the debt he~eby secvred given by 1he ~hORTGAGEE or its successors or assigns, a~iall operate to release, distharge, modify change or affect the original liab~lity of the t:ORTGAGOR herein, either in whole or in part. 10. It is speufically agreed that time is of the essence of this contract and that no waiver of a~y obligation hereunder or of the obligation se- a,red hereby shail at any time thereafter be he!d to be a waiver of the terms hereoi or of the instrument secured herby. ~ _ 11. In add~tion to the forego:ng monthly payments of princ"p~l and interest rzquired by the arom~ssory no!e secured hereby, mortgagor covenants ~ and agrees to pay to mortgagee with each monthly payrrent an add~~ional sum est~mated by mortgagee to 6e equal to 1~12 of the annual cost of ihe follow- ing: ~ A-All real property taxes levied or assessed against the above described reat estate. _ 1 , B-Premiums on fire and windstorm insurance as herein requ~red to 62 carried on the improveme~ts situate on the above desvib~d premises. C-Premiums en s~ch morlgage guaranty inswar.ce as mo:tgagee shall from Gme to time deem fi! to carry on the loan secured here6y. Mortgagee shall from time to t~me notify mortgagor in writing of the amovnt due and payable hareunder and such sun shall thereupon be due and payable on the due date of the next monthly payment and each wccessive month thereafter until mortgagee shall notify mortgagor of a change in such amount. Such sums shall be applied by mortgagee toward the payment of real property Iaxes, insurance prem:ums, and mortgage guaranty ins~rance premi~ms. ~ IN ~'lITNESS \YHEREQF, the said 1'~10RTGAGOR has hereunto set his hand and seal the day and year first afor aid. ~ Signed, Sealed an~l' d in the resence of: ; (Seal) F u' (Seal) . ; (Seal) _ . (Seal) . p G STATE OF FLOAIDA ~ couN~r oF Ssint Lucie Before me personaliy apr~ared Lloyd Z'8~101' and Clotild~ F• Taylor hi~ wife, to me vieli known and known ta me to be • the individvals described in and who execvted the foregoing instrument, and acknowledged before me that they executed the same for the purposes ~ Iherein expressed. And the said Clotilde F''. T~vlor ! wife of the taid Lloyd Taylor upon a separate and private ~ exami~ation by me taken separate and apart from her said husband, atknov~ledgad to and before me thaT she exetuted said instrument freely and volun- lerily a~d without any compulsion, constraint, apprehension~or fear af or from her id husbnnd. , ~ WITNESS my hand and official seal this 9 day of , A. D. 1966 ~ FI L w`~G ~ ~ ~`~~~~s~ ~ECiO ~e' ~ tary Public in and for Ihe State of florida ot lerge • I N... ~ r~'~a D 0 O K Y Comm~ssion eapires: i f2eturn To: U first Federal Savings 6 loan Associ 1o C7~;~C/_ Notary Public, St~!e of Florida at larRe My Commiss:on Exp res :'arcn 18, 1908 Of Forr P~erce. ~ ~ n O~ t3onded ~Sy Amer.;,;:;~ Surety Co. of N; Y. ~~~{t;;~~ ~ , Foit Pierce. Florida U c ~ ~ ~ ~.r+~ 1 ' _ • • . .~_`~J"~ ~ ~.'~i ~t1~~~~~~~~~~~~ ~_.~i%i . - : _ ; ROGER ~=01-I~fZfaS.`C~ERK • ,~~,J' a:~"..: , _ , _ , ; _ S1'. LUCIE COUNTY, - • ~'~j - • ' : - ~ _ FLORIDA - - ; _ t~~~ _ ~ ._~^4 . ' ' - : ~ J::vi~ _r - 1 . 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