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Home My WebLink About2203 ! 3. To pl~c~ and cu+ti~~ously ke~p on tM bu~ld~ngs now w here~fter ?itua~e on sa~d Ia~d snd on ~II equipmem ~nd p~rwnally coratd by Ihii mortp~ ~ ~gs, with ~II pr~miums th~rwn p~~d i~ full, fin insurance in the usual sfandard policy 1wrt4 i~ • fum approv~d by 1M MORTGAGEE. ~nd windstorm ~n~uranc~ i~ the uswl sr~ndard policy fam, in a sum approred by ~he MORTGAGEE, i~ such con+p+ny o~ compa~ias ~t tM MORTGAGEE may d:rrd; and all fir~ ~no windito~m insuranc~ policies on any oi isid build~nps. any intereit therein w p+rt the~eof, in tFN ~~gre~at~ ium ~for~Mid or ~n ~xc~u tAawf, sMll conr~in tM ~»ual stand~rd mortgagce clavse or such other clause as th~ Matpagee may reqvu~, maAinp tM loss undK sa~d po~F c~es, each ~nd ~v~ryr, p~y+bk w uid MORTGAGEE as in infe~est may appeu, and each and every such policy shstl b~ p~wnp~~y au.qned and d~livtred ~o eny held by s~id MORiGAGEE ~t furthe~ teturity to said mor~ga9e debt, and, not Ieu than ten (10) dayi in advance of ths expi~~tion of each pol:cy, to da I;ver to aid MORTGAGEE • rMew~l thereof, to9elhN wi?h a reteipt for the premium of such renewal; and ~here thall b~ no fi~e or windslorm iniurant~ plac~d on ~ny of ~aid buildirqs, ~ny intcrett thereie? or part thereof, unless In the form ~nd with Ihe lou payable as aforesaid; and in tM event any tum of mon~y becoma payabl~ undK tuch policy a policiss said MORTGAGEE shall have the option ~o receive a~d +pply the same on +ccovro c( ~he indebted nr~s s~cured hKtby w to psrmit uid MORTGAGORS to reteive and use it p any pan thereof fw other purposes, wi~iwut thz~eb~ waivi~?g a~mpair- ing any puity, li~n w right under a by virtus of this mo:sgage; and in the event w~d MORTGAGORS ~haN fa any reason fail fo keep the said prem~us so ~n~ured, or fail to deliver promptly any of ssid poticies oi insurance to sa~d MORTGAGEE, or fail promptly to pay fully any premium there~w w ~n +~Y re~pect fail to perfor~, dixharge, execute, effect, compl~tc, comply with snd ab~de by thit covenant, w any pa~t hereof, said MORTGAGEE may place and pny fw tuch inwrant~ w ~ny paA tMreof without waiving w affettinp any option. lie~. equity, or right under a by virfvo of this Mortyape. and thc t„II amount of sach and every tuth p+yment shall be immediately due and payable and ~hall be+r interest from tM date thereof unril paid at the rat~ ol nin! per tentum pN annum and together with such interes~ shall be secured by the lien of this matgage. . 1. To p~~mit, tort~n?i1 0~ suffer no waste, impairrtKnt p deter'wration of said property a any part thereof. 5. To p~y all ~nd sinyula tl» costs, ch+rgea +nd expenus, including ~ ressonable atrorney's fee snd costi of ~bstracn of titls, incuned w p+~d ~t any time by said MORTGAGEE, b~uuse a in the tvent of tF~e failure on the par~ of the said MORTGAGOR to duly, promptly ~nd fully paform, d~uhar9~, exec~te, effM, compl~te, comply with and ab~de by •ach and ave?y the stip~rlat~ons, sgreements, cond~tions, and cove~+anti of said promissory note and thii mortq~ye ~ny w either. ~nd s~id cosn, chuges a~d eapenus, each and every, shall be immediafely due and psy~ble; whether or not there be r.otice da m~nd, ~tttmpf to toI1M or wit p~ndin~; s~d tM full amount of cach a~d every such payment shall bear imeresf from the date thereof until p~id at tM rare oF nins per centum per am~um; and all said costs, charges and expcnses inturrtd or paid, together w~th ~uch intere~t, ihall be secured by 1M liso of thiu _rt~a~3- 6. That in th~ ~v~nt of ~ny breach of thii Mortgage o? default on the part of the MORTGAGOR, or (b) in the event any of ts~d ~wns of mo~y herein refsrced to be not promptly and fully paid within thirty (30) days nex~ after the same severally become due and p~yable, wilhout demand w notice, or (c) In tM ~wnt ~ach and ~very the stipulations, sgreements, tonditions and covenants of sa~d proro~uory rate and th~s mortgaye ~ny w either are not iuly, promptly ~~d fully perfwmed, d~xh~rged, executed, effecred, completed, compl~ed w~th and ab~ded by, ~hen in e~~her w any such ~v~nt 1Fw aid ~ aregare wm rn~Mion~d in aid promiuory note theo remaining u~paid, with inrc.est accrued, and atl moneyi secured hereby, iMll become dw snd p~y~ able fonh~iith, a tMt~ahK, at the option of said MORTGAGEE, as fully ~nd completely a: if all of the said sums of money were aipirully tt~pulated ro be paid on suth day, anythirg in sa7d promisswy ~ote w in this Mortgage to the contrary notwithusndir?9; ~nd thereupo~ or ther~site~ at th~ option of said MORTGAGEE, withovt notice or demand, tuit at law w in equity, therefwe or thereafter begun, msy bt prwecut~d ~s if ~II moneys sKUr~d hereby nad m~turtd priOr fo it~ instit~tan. That In tM event that ~t the beginning of or at any time pending any suit upon this Mwtgsge, w ro foreclos~ i?, o? to reform it, or to enfaa payment of ~ny d~ims hsrwnd~r, uid MORTGAGEE shall apply to Ihe Cour~ having ju~isd~ction thereof fw ths appointment of a Receive~, such Court sh~ll forthwith ~ppoint ~ receiva of si rtwrtpayed pro(xrty all and sin~ul~r, irxlud~ng all and singular the income, profits, iuves and revenvei from whatevtr ~ource deriv~d, eath and ~v~ry o~which, it beinp expressly underatood, is hereby mortgsged as if specifically set forth and described In the prantinp and habendum clauses hereof. ~nd wch Receiver shall have sll the broad and eifective func?~ons and powers in ~nywiu entrusted by s Cant fy a Reteiver, and ~uch appointmtnt iMll b~ made by such Court ~s an ~dmitted equity and a mattcr of absolute ~ight to said MORTGAGEE, and wi~houf referenc~ ro 1M edequacy a inadeq~acy oi the value of the property mo.tgaged a to the soivency or ~nsolvency of said MORTGAGOR or the defendantt, and that such renrs, profib, lncome, iuws and revenues shall be applied by such Receiver according ro the lien or equity of a~d MORTGAGEE and the pr+ctice of such Court. 8. To duly, promptly ~nd fully perfwm, dischsrge, execute, effecl, complete, comply with and abide by e~ch and every the stipulations, ayreernentt, condNions ~nd coven~nts in said prombsory note snd this mortgage set fath_ ~ 9. TF~af In 1M event the ownership of the mortgaged premixs, w any part thereof, becomes vest~d in • perwn other thso fhe 1NORTGAGOR, th~ h10RTGAGEE, tri tucc~uort ~nd ~ssiyns, may, without notica to the MORTGAOR, deal wi~h such ivccessa w wccesaor i~ iMerest with reference to this mortgags and ths de61 hcreby secured in the same manner as with Mwtgagor without in any way vitietiny a dixharging the Mortflaywt' liability her~- ur.der w upon th~ debt hereby secured. No sale of the premises hereby mortgaged and no fabearance on ~he part of the MORTGAGEE w it~ tuccesaon or assigns and no ~xtension of the time for the payment of tF+e debt hereby secured given by the MORTGAGEE or its t~ttesson or auigns, ~halt operaq to releaie, distharye, modify chang~ or affect the original Iiab~I~ty of the MORTGAGOR herein, either in whole w in part. 10. It is specifically agreed that time is of tlx essence of th~s contract and that no waiver of any obl'~gatan here~nder w of the oblip~tan s~- curcd hereby shall at any time thcreafter be held to be a waiver of the terms F+ereof or of the instrument tecured herby. - t 1. In addition ta the forego:ng monthly payments of princ'pal and interest required by tlx promissory nore secured hereby, rtwrtgsgor tovtnants and agrees fo pay to ~rtortgagee with each monthly payrnent an add~~ional sum estimated by mwtgagee to be equal to 1~12 of the annual tost of the follow- ing: A-All re~l property tsxa levied or assessed against thc above described real estate. 8-P~emivrtu on fire and windttorm insurante as ne~e~n rcqu~red to be carried on Ihe ~mproveme~t~ situate on the above desvibed premises. G-Premiums on such mortgage guaranty insurance as mor~gagee shall f~om t~me to ti~ne deem fit to carry on the ban secured hereby. I Mortgayee shall from time to time notify mo?tgagor in writing of the amovnt due and payable hereunder and such sum shaU thereupon be due and ~ rayab!e on the due date of the next monthly peyment and each successive month thereafter ur.til mwtgagee shall notify mortgagw of a change in such ; aT.ount. $~th sums shall be applied by mortgagee toward the payment of real property taxes, insurance prem:ums, and morigage guaranty insurance j p'emiumt. E IN WITNE55 WHEREOF, tM said MORTGAGOR has hereunto xt his hand and seal the day snd ye+r first aforesaid. € Siynd, • d snd delivere 'n th~ ?esencs of: • ~SeeQ " 1.,.0 _ ~n ~an i ~ S E OF FLORIDA ~ S5. couvrir oF St ~ T.Lr_i e Before me penonally appeared M~ q e B9 i lA ~ 9 W i dAwe I` XIa.I]Gr~X to me well known and known to me fo be ;he individwls desu7bed in and who executed the foregoing instrument, and scknowledged before me that t~r e:ecuted the same fw tl+e purposes therein expressed. =a1?~?1~m;R :~fC]1h4~47~Q4C iC € ~ ~ " ~Cl[J~D49[][QU@)Q.7Q141@7dC ~ WITNESS my h~nd and offic;al sesl this ~ n~ day of A. 0. 19-fi~ - ^ - ~ Notary Public in and fo~ tF~e State of Florida ~t larpe ~ My Commiu'an expires: ~ Retvrn To: . ( ~ First Federal Savingf 3 losn Auociatan ; • ~ifr PII~K. Sbt! 0~ F{Ofldi it ~if~ Of Fo~t P7erce. My Com~nis~ E:qra Sept. 23. 19i! ~ • . fort Pierce. Florida v4, M+M~ h~?~w iw i GswNr G. ' = FILEO AND RECOROED - ~ t ST. LUCIE COUNTY. FLA. - = ~ _ ~ PEC'JR[1 VERIFIED . " o -~JC~ ~ ~ ~ - ~~~i.K(~ ^ o ~ rT I 0 Pi4 3 : ^ 4 ~ . ~ ' ' ' ~ ~~:t~~...... i : n : r14~~~;~ CLERK ClitCl;1T COURT BOOK~SV PAGE ,4 ~0 f-' _ - - - - - ~ 7:: . ~ ~ ~~r~.--~~ -