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Home My WebLink About0628 3. To pl~c~ ~nd conti~uovsly k~ep on ~M buildinps novr or hKeaftN situu~ on s~id tu+d and on ~11 equipme~t and pasonally cov~?~d by thi~ mat~ with ~II premivrt4 ~Mrea? p+id i~ h+~4 fin insvrana in ths utwl sqndad policy fwm, ~e+ a sum approved by tM MORTGAGEE, ~nd wind~twm irowann G? tM uiwl ~tu+dard poGcy form, in a sum ~pprovtd by tM MORTGAGEE, in ~uch compu~y a comp+ni~s a ~M MORTGAGEE may du~at ind all fk~ ~nd w~ndsw~m inwrae~ce polici~s on ~ny ot Nid buildlnp~, any Inttr~st thersin w p~h th~~~of, in tM a{~qrey~q wm afor~said w In ucce~s thtrwf, ah+ll contain tM uswl s~u~dud mo~tq~ daos. a•vd+ ah~. cl~u~. u~M M«ty+9.. m+Y nquu~, maYinp th~ low ~ndK s+id po~i- ce s ci~s. Nch and ~wry. paY+bl~ w iaid MORTGAGEE u its inqrest m~y appe+r. and sach and ~ve~y si?ch policy il+~ll b~ promptly u~:yned and dslivaed ro ~ny h~ld by said MORIGAGEE +t (wther secu?ity to i+id mortp~ debt. ~nd. not Isss tha~ t~n (10) dari ~e +dv~nc~ of ~M ~xpir~tion of each policy. to d~- Iiva to aid MORTGAGEE a renew~l thtrtof, to~et!?K wi~h a raceipl for tM premium of wch renewalj +nd thtn shal) b~ no fi~~ or winds~orm inwranc~ pl~nd on ~ny of aid buildieys. ~ny interesf M~e.~ie o~ psrt tMr~of, unteu in tM fwni and with tM bu p+y+bl~ u ~fw~s~idr +~+d ~n tM ~vsot any avm of mon~y becom~s payable v~da wch policY w polici~s said MORTGAGfE sA~ll Mw tM optan to receiw u~d ~pply tM ~am~ a+ +ccw?nt o1 tM inJ~bted- n~u ~ecy«d 1Kr~by w W p~tmit iaid MORTGAGORS 1o receiv~ and ~s~ it w+ny pa~t lhereof fw other purposes, without thsrab~ waiving w impair- inp any pvity, li~e or ripht unda~ a by vi?tw of this mort9~t a~d ir? tM twnt said MORTGAGORS sh~U (or ~ny rtason fait to k~ep tF+~ said pr~mises io insu~ed, or (+11 to deliver praeptly ~ny of saW policies of insunncs to s+id MORTGAGEE, a fail promptly to paY fully s~y premium therefo~ a ln +~y nsp~ct fail b pKioan, discharge, e:ecvte, effect, compl~te, comply with and ~bid~ by this covcnant, w+ny part hsreof. iaid MORTGAGEE may p1+ce and paY fa s~?ch inw.anc~ a any p~rf thsreof witho~t w+lvinp or aff~ctinp any option, ItN?. puity, or riyht unda or by virtw of this Mort~ap~, and the tull amoun~ of each and ~vtry strtA p~ymenf fh~l) be immtdiaflly dw aod payabb and sMll ~sa~ inMrest from th~ dat~ therlof until paid a~ th~ ratt o1 nir~ pK centum p~r annum and together with i~cA inrerest shall be secured by the lien of this mat9+~e. 1. To p~rmit, oom~nit or :uffer no wait~, ie~irment or deteriw~tan ot said property a u~y put therwf. S. To pay all snd w+pvlu the tosts, cMrpes +nd expenses, irxl~dinp a reasonable ~nwney's fee and cosb of ~bstracts of title, iecurred or paid at ~ny time by aid AM1ORTGAGEE, bacaus~ or in the ev~nt of the failun on tht p+rt of the ssid h10RTGAGOR to duly, promptly ~nd fully perfwm, dixharge, execvte, tffect, oomplet~, comply with and ~bide by ~ach +nd eve+y tM uipulations, agreemenn, conditant, +nd eove~ants of said p~omissory note and this mortyap~ any or ei~her, and sa~d cosn„ ch~rqa and experKes. esch and ~vcry. shall be immediately due se+d p~y~ble: whether a ~ot tl~ere be notKe d~ mand. ~n~mpt to colkct w s~i~ pend~rg: uid the full ~naunt of each ~nd every sucb payment aMll bear interest from the date thereof until p~id at the rate of nins per centum per aru~u+n; +nd all said ebsts. thuges and expentes ii+curred ot paid, lopether with such int~rest, ~hall b~ ~KUred b~l tM liet~ of thit moHy+~• 6. TFwt (a) in the event of ~ny breach of this Mortgay~ a default on tM p+A of the MORTGAGOR, a(b) in the eve~t any of seid :ums of naney herein refaned to be ewt promptly and fully paid within thirty (30) days ~+ext afte~ the same seve~ally become due u+d p+yabte, without demand a notice, or tn the everlt each snd every the sfiputatwns, agren-.ents, condiians and covenants of :a~d promiuuy nwe and th~s mat~ape aoy w either are na iuly, promptly ~nd fully performsd, d~sch~rged, executed, ~ffeded, completed, compGed with end abided Sy, ~hen in either w+~y such event tM iaid a~ preq~tt wm mentaned in said promiuory note thtn rem~ining unpaid, with imerest ~cuued. u+d a11 mo~eys satured FarebY. sh~ll betome dw st~d pay~ able fwthwith, a thNC~after, at the opYan of sa'+d MORTGAGEE, as fully ~nd completely as if all of the said sums of money were pipinally ttipul~ted to be ps~d on such day, anything in said promiuory note or in thia Mortgage to the conrrary ratwithstsnding; and therevpon w thereahe~ at tM opt~a+ of sa~d MORTGAGfE, without no~Ke w demand, ~u'rr at law or in equity, tF?e~efo~e w thereaf~er begun, may be prosecuted as if aIl maays secured hereby had matured priw to iri institution. 7. Th~t in tl+~ erent that st the beginning of a st any time pendirg aoy t~~t upon tl~is Mwtgage, a ro taeclose it, ot to reform it, w to enfwc~ payment of any claims haeurxler, said MORTGAGEf shall apply to the Covrt having jurisdrction t!~ereof fw the appo~ntment of a Reteive?, such Court shsll fortliwith sppoint a receiver of said mortgaged property a0 ~nd sinyula?, incl~~ng aU snd singvlar the income, protits, iuves and ~evenuea from whatever ~ource derived, each and every of which, it being expressly untlerstood, is hcrcby mortgaged as if specificalty set forsh anJ dewibed in the Qr~nring snd haSendum clauses hereof, and such Receiver shall have sll the Mosd and effective funcnons and powen in ~oywise entrusted by ~ Co~rt to a Receiver, and iuch appointme~t shall be msde by such Court as an admitted equiry and a matter of absolute right to said MORiGAGEE, snd without ~eference to the adequxy w ieadequ+ty of the wlue of the prepe?ty morigsged or to the io~verxy or insolvency of said MORTGAGOR a the defendants, and that such renrs, profin, income, iuues and revenues shsll be applied by such Receivcr ~ccwdiny to the licn w equity of said N10RTCaAGEE and the practice of such CouA. 8. To dvly, promptly and fully perform, discharge, execute, effed, complete, comply with and ~bide by ead~ ~nd every fhe stipulations, ~g~eemenb, conditions and covenants in said promissory rate and this mortgsqe xt forth. 9. Th~t in the event the ownership of the mortgaged premises. a any part thc~eof, becomes vested in ~ penon other than the MORTGAGOR, ths ; MCRTGAGEE, ib successas and assgns, msy, witFaut ratice to the MORTGAOR, deal with such succeuor a wcceasw in interest with reference to this F mortgage and the debl hereby secured in fht ssme manrur as with Mortgagw without in any wsy vitiating or distharging the Mortgagors' li~bility here- ~ under or upon tlx debt hereby secured. No sale of the Fremises he?eby mortgaged and no forbearance on the part of the MORTGAGEE w its succeswn or augns and no extension of the time fw the psymcM of the debt hereby secured given by ~he MORTGAGEE w in s~ccessws or auigns, shall operaro ~ ro release, dischsrpe, modify charge a affect the wiginal liab~liry of the MORTGAGOR herein, either in whole or in put. E s 10. It is specifically agreed that time is of tl?e cssence of this contr~ct and that no waiver of any obligation hereuntk? w of the obligatan s~ ' n,red hereby shall at sny time thereaftn be held to be + waiver of the terms hereof w of the instrument secured herby. F I1. In addition to the forego:ng monthly payments of p~inc"pDl and interest required by the prom~ssory no~e secured hereby, mortgagor covenants and agrees to pay to mortgagce with each monthly paymcnt an additionsl sum estimated by mwtgagee to be equat to 1/12 of the annual cost of the follow- ing: ~ A-All real prope?ty taxes levied or assessed against the above dexribed real estate. B-Premiums on fire and windstorm insurance as herein requ~red to be carried on the improvements situate on the above dtscribed prtmises_ C-Premiums o~ such mortgage guaranry insurance as mwtgagte shall from time to time deem fit to carry on the ban secured hereby. j Mortgsgee shall from time to time notify mortgagor in writing of the amount due and payable hereunder and such sum shall thereupon be due and ! paysbk on ttx due date of the ne:t monthly payment and each svccessive month thereafter ur,til mortgagee shall notify mortgagor of a charge in such ( amount. Such sums shall be applied by mortgagee toward the payrt~ent of real property taxes, insurance prem:ums, and mwtgage guaranfy insu~ance p premiums. t E IN WITNESS EREOF, sai RTGAGOR hss hereuoto set his hand a~d seal the day and year fint aforeaaid. ~ ' ned, 5~ a `esence of: ~ C . % ~ K..,, STATE OF FIORIDA ~ St. Lucie covrm of • 8efote me psrsonslly appeared Jame s O' Donne 11 Jane ~Ollii@ 11 his wife, to me well known ~nd known to me to be the individuals described in and who execvted the for instruma?t, and acknowledged befwe me that they executed the same for th~ purposes rherein e~,.~a. a,a rt» ~~a Jane ~~onne 11 ~ Jame s O' Donne 11 a se rate and ~v~t~ wire ot ths said wo^ w P~ ~ examinaYwn by me taken sepsrste and apart from her said husband, acknowledged to a~d befo?e me that sbe executed said instrument freely and volun- rarily and without ar~y compulsion, constraim, apprehension, r feu of or frc•~ her said husbsnd. WtTNE55 my 1»nd snd oific~al ual thi ~ day of January _ ~ p_ 19 68 ~ Q~'Q ! Notary Public in and fw the State of Fbrida at larye ~ My Commiuion expires: ~ f - ~ (o ' 7 ( Retum Ta ~ Fint federal Ssvinys b Loan Associat~on ~ or Fo.~ P;e«~. ~~D RECORDED' No~a.;~ . . _ . ~.r s MY ~UhV?ua~iU;v t..,•,~~~ :.~,v. 46, 1471 Fort Pierce, F~W1dd ~'~~O ~ ~oN~?D TnNVUbM FR_p yy, p~E~tt6M011l7 ~ 5T. I:UCIE COUNTY, . ~ RECORD VERIFIED ~ ~ ~ This instrument pr.pa-zd yy ~.63`~+e.~i ~ • ~ Frst Federal Sav. & Loan A;sn, • ; ~ of fort Pierce '68 JAN 2q N~ ~2 - , . . ~ - ~°~~n ~ , ~ ~ ~ - • : ~ _ ~ ~ By, - ~ _ ~ ~ t?oui~N. "r017RAS T ~,=N.~-., .~i ' i CLERK CIRCUIT COUlt .,w;.~ ~ ~ . T: ~ - ~ ~r ~ N.; , ~ ' BOOK 1 t O PAGE 6z6 ~ ~ ~ r~ . . . _ ' ~ ~s ~ ~ ~ ~ - - - - ;`i