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Home My WebLink About2269 3. To p~ace and coniinuously keep on :he bu~!d~ngs now or hereafler eit~nte on said land and on al! equipmant and personatly covered by thit mortg• age, with 511 premiunri thereGn pa~d in full, fire insurance in iha usual s~andard policy ferm. in a sum approved by the h10R~GAGEE, and windsto~m insurance in the usual ~tandard po!:cy fofrn, in a sum approved by Ihe AIORTG~GEE, in s~ch company or companies as the h10RTGAGEE may c~iret~; and all fire and wirdstorm insurartte polices on any of said build~~gf, any interest Iherein or part Ihereof, in the aggregare sum afores:~id or in excess ihereof, shall tonta~n the usvai siarda~d murtyagee dause or such o~her clause as ihe hlor~gagee may requ~re, rnaking Ihe loss under aaid poli• cief, each and every, payable to said ~ti10RTGAGEE as its interrft may appear, and each and every such po!icy shall be prompily ass'gned and delivered io eny held 6y sa~d h10RTGAGEE as further securily to sa~d niortgage debt, and, not less than ten (10) days in advance of the expiration of each pol~cy, to de- liver 1o said M110RTGAGEE a renewal thereof, together wilh a reteipt for Ihe premium oi such renewal; a~d there shall be ro iire or windstcrm insurance placed on any of sa~d build~ngs, any interest therein or part thereof, unless in the form'and wi~h the less payabte as aforesaid; and in the event any sum of money becomes payabfe ~nder such policy or polities said h10RTGAGEE shall have Ihe oplion to receive and apply the same on account o~ the indzbtrd- ~ett tecvred hereby o~ to oermit said ~,10RTGAGORS to reteive and use it or any part thereof (or othcr purposes, withouf tn~ico~ waivirn~ or unpair- ing any equity, lien or right under o~ by virtue of this mo:!ga~e; and in the event said MORTGAGORS sh~ll for any reason fail to keep the ~aid premiseY so insured, or fail to deliver promptly any of said pol~cies of insurance to said MORIGAGEE, or fail ~romptly to pay fully any premium therefor or in any respect fail to per(orm, discharge, execute, eEfett, tomplete, comply with and abide by this covenanl, or any part hereof, said h10RTGAGEE may plate and pay for such insurance or any part thereof viithout ~valving or aifecfing any option, lien, equity, or right under or by virtue of this hlortgage, and the full amovnt of each and every suth payment shall be imme~iately due and payable and shall bear inter~st from the date thereo( until paid a1 the rate o1 nine per centum per annum and together H,ith suc~ interest shall be secured by the lien of this mortgage. To permit, commit ot suf(er no waste, impairment or detetioratioi of ~aid property or any pari ihereot. 5. To pay all and singular the.costs, charges and expenses, including a reasonable attorney's fee and eosts of abstratts of title, incurred or paid at any time by said MORTGAGfE, because or in the event of Ihe failure on the part of the said h10RTGAGOR to duly, promprly and fuliy perform, d~scharge. execute, effecl, complete, comply with and ab;de by each and every the stipulations, agreements, condilions, and covenants of ~aid promissory note and this mortgage any or either, and said costs, charges and expenaes, each and every, shall be immediately due and payable; v~~helher ot not thare he notice d~ mand, ailempl to collect or suit pendinq; and the full amount of each and every suth payment shall bear interest from ~he clate thereof until paid al tne rate of nine per centum per annum; and all said costs, charges and expenses ~ncurred or paid, together with such intere~t, shall be secured by the lien of th~~ mortgage. A. That (a) in the event of any breach of this Mortgage or default on the part of the htORTGAGOR, or (b) in the event any o( sa~d sums of money herein referred to be noi promptty and f~lly paid ~vithin thirty (30) days next after Ihe same severafly becume due and payable, without demand or notice, or (c) in the everlt eath and every the stipulations, agreements, conditions and tovenants of said promissory note and th~s mortgage any or either are nol ~uly, promptly and fully performed, d~scharged, executed, effected, completed, compl~ed ~vith and abided Sy, then in either or any such event the said ag- oreaate aum mentioned in said ~romissorv note then remaining unpaid, with interest accrued, and atl moneys secured hereby, shall become due and pay- able forthwith, or thereafter, at the option oi said F•IORTGAGEE, as fully and completely as ii ail of the saici sums oi money were onginaiiy siipu:oieu fo be paid on such day, anything in said promissory note or in this Alortgage to Ihe contrary notwithstanding; and thereupon or thereafter at the oplion of said h10RTGAGEE, without notice or demand, suit at law or in equity, therefore or thereafter begun, may be prosecuted as if all moneys secured hereby had matured pnot lo its institution. 7. That in the event that at the beg~nning of or at any lime pending any suit upon this 1.1ort~age, ar to foreclose it, or to reform it, or to enforce paym2nt of any ~laims hereunder, said MORTGAGEE shall apply to the Cour1 having jurisd:iticn thcreof for the appo~ntment of a Reteiver, such Court snall fortliwith appoint a receiver of said mortgaged properly all and singular, includ~ng ail and singular the income, profits, issues and rever.ue3 irom whatever source derived, each and every of •.vh~ch, it being expressly understood, is hereby mortgaged as if specifically set forth and described in the g~anting and haber~dum clauses hereoF, and such Receiver shall have all the broad and effxtive fvnct,ons and pov~era in anywise entrusted by a Cour1 to a Receiver, and such appointment shall be made by such Court as an admitted equ~ty and a matrer of absolute righi to said MORTGAGEE, and wlthout reference to the adequacy or inadequacy of the value of the property mortgaged or to the so.vency or insotvency of sa~d MORTGAGOR or the defendants, and that such rents, proiits, income, esiues and revenues shall be applied by such Receiver according to the lien or equity of said h10RTGAGEE and the practice of s~ch Court. 8. To du~y, promotly and fulty perform, discharge, execute, effect, complete, co~iply with and abide by each and every the stipulations, agreements, conditions and covenants ~n said promis:ory note and this mortgage set forth. 9. That in the event rhe o~•:nership of the mortgaged premises, or any parl thereof, becomes vested in a person olher ihan the MORTGAGOR, the MORTGAGEE, its succes~crs and assigns, may, v~ithout notice to the ~1AORTGAOR, deal ~n•ith such successor or successor in interesl with reference to this morlgage and the debt hereby secured in th~ same manner as with Mortgagor without in any ~vay vitiating or discharging the f.lortgagors' liability here- t under or upon the debt hereby secured. No safe of the premises hereby mortgaged ar.d no forbearance on tiie part oi the 1.10RTGAGEE or its successors or assigns and no extension of the time for the payment of the debt h~reby secured given by the h10RTGAGEE or its successors or assigns, aliall operafe 1o release, d~scharge, modify change or affect the origlnal liab~l~ry oi the h10RiGAGOR herein, either in vvhole or in part. • 10. It is spat~fically agreed that time is of the essence of th~s contract and thal no waiver of any obligation hereunder or of the obligation se- ccred hereby shall at any time thereafter be hetd to ~e a waiver of the terms hereof or of the inatrument secured herby. 11. In additio~ to the forego:ng monthly payments of princ'pDl and interest required by the pr~missory no~e secured her26y, morlgagor covenants and agrees to pay to mortgagee w~th each monthfy payrnent ar, add~iional sum esiimared by mortgagee to be equal to 1/12 of the annual cost of the fotlow- ing: A-All real property taxes levied or assessed agai~st the above described real estate. B-Premiums on f~re and windstorm insurar.ce as herein reqv~red to be carried on the improveme~ts situatz on the above described premises. ' C-Premiums on wch mortgage guaianty insurance as morrgagee shall from time to time deem fit to carry on the loan secured hereby. hlorfgzgee shall from time to time notify mertgagor in writing of the amount due and payabte hereunder and such sum shall thereupon be due and paya~le on the due date of the next month!y payment and each successive month thereatler urtil mortgagee shall notify mortgagor of a change in such amount. Such zums shall be app~ied by mortgag=e toward the payment of real property taxes, insurance prem;ums, and mortgage guaranty insurance < premiums. IN YJITNESS WHEREOF, the said MORTGAGOR has hereunto set his hand and seaf the day an e s aid. S~gne Sqaled and d ered ' the presente of: ~ ~ ~ eal) i ss er J. d n, r. ~~a~~ , ^ -ky-z.~ ~z. ap _~-,a• Wit ess an a. un ~n (Seaq i ~r~~~O~~tt~x V i rg in i a ~ u. t ~ oF Ner~mort News ~ Before me personally appeared E lme r c7 . Lun d in , Jr . end F • Wanda M Lundin his wife, fo me well known and known to me to be ~ fhe individuais described in and who executed the foregoir.g instrument, and acknowledged before me that th<_y executed the same for the purposes E Iherein expressed. And the said W 8 Tl C~ 8~1 , Lun d in ~ ~ wife ot ths said E 1 m e r J Lun d in , J r. u se 'e~d. pr`rva}~. examinat~on by ma taken separate and apart from her said husband, acknowledged fo and before me that she executed said i t en?; e~Jy and:r~dlrin-'-.; ~ Iarily and withoui any compulsion, constraiN, apprehension, or fear of or from her said husband. -_~~,~t'~ ~~t'''~;' . ~ ~ WITNESS my hand and official seal this 1~-t+h day of F AF, ~9 ~ ~ . • f - • { j Notary Public ~ F i~a a`GSr~,e~ i o ~ ~ My Comrnission ezpires• 1/~5/7d . S" ~ j Retum To: ` J ~ ~ .i 't ~ ~ i • . s : Fint Federal Savings ~ Loan Association ~ ``f, ` ~ Of Fott Pierce_ FI ~ ' ~°~tc~~~ait ~ ~ . .~~i.P.ierte, F~o~,a~ i'~ ~~Ck'~~- REC RDED ~ . . . . i . ~ -I~~~ 0 0 K . _ : -lcL~ i ~ _ - ~ : . _ . ~6 FE8 I 7 PM 2 : 5~3 ~ ' i . ; .~_~~~?~3 ~ ~ . - RO~ER i'G~ ~ r•~_~RK ~ ~ _ ST. LUCI~ C10U~JTY, , - FLORlDA ~ . . r : so~K ~3~ 46~ . t - - - - -