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Home My WebLink About1328 ~ 1 • 3. To plec~ and continuou~ly ks~p on tM bui!dinys now w M~eaft~r situal~ o~ ~~id lu?d and on all equipment and penon+lly tov~r~d by this mo?t¢ ~y~, with ~II premiurta tf-rson patd in fuli, fire insurance in tl+e usual sunds~d policy fam, ~n a ium spprovtd by ~Fa MOR(GAGEE, and wir+dstwm ins~ranc~ in the u~ual ~undard pol~q (am, in a sum approved by the MORTGAGEE, in s~ch compa~y w caeP+n~ei ~s tM MORTGAGEE m~y d'uatj ~nd ~II fk~ and w~rsdsro~m insuranc~ polkiei on any of s~id build~ops, ~ny inNnsl therei~ or pa?t tAereof, i~ t!» a~rep+~~ s~~n afaes+id or in ~:csa thenof, shall contain ~h~ ususl ~tandard ma~gaye~ cl~uis w such otha clau~ as th~ Nlatyayee may rpua~. m+kinp ~M lou undN uid polb cia, ~+th ~nd ~very, payabk w s+id MORTGAGEE as ia ;n~erett may appo+r, ~nd e+ch and ~very ~uch policy ahall be p~omptty ~u:9ned ~nd deliv~red to ~ny held by iaid MORIGAGEE a~ further iecuriry ro said mort~~g~ debt, and, not leu tMn ten (10) dayi in ~dvance of the ezpi~ation of each pol'~cy, to da livtr to uid MORTGAGEE a ra+e.~al the~eof, to~ethtr with • receipt iw tAe premium of :irch ~enew~ls ~nd the~e sMll b~ no fir~ w windstorm intur~nc~ plxad on ~~y of Hid buildinns, any interest ti+erein or p+r1 thereof, u~leu io tM forni ~nd with tM lou p+y~bk st ~faeaid; +nd in the •vent any sum of ma+ey becomes payable unde~ tuch poliq a policies said MORTGAGEE ihall hsw tM option to receive and spply tM same on +ccount ol tM indebted~ nea tecvred hereby a ro pe~mit said MORTGAGORS fo receive and use if or any part thereof fa mher purposes, without Ihe~eb/ waiving a impair- irg u+y puity, litn a riyht under w by virtw of thii mors9pe; +nd in tM ~vent iaid MORTGAGORS shall for ~~y reason f~il to keep tM s+id premius w insured, w fail to deliver promptly ~ny of said polities of ins~nnu to said MORTGAGEE, w fail promptly to p+y fully any premium therefor w ie? any respect f~il to pHform, d3uharge, execute, eHect, compkts, comply with ~nd ~bid~ by this cove~ant, or ~ny part hereof, said MORTGAGEE may place +~d p~y fw tuch ir?surance er ~ny part theroof without walvinp w affectinp any optan, lien, equity, w~ight under a by virtw of this Mo~tQ~pe. ~nd the fvll amount of e~ch u+d wery such payme~t shall be inunedi+telY dve +^d WY+bI~ ~nd sMll bear intcrest from the d~t~ thcreof until paid M iM rat~ 01 nine pa centum pK annum and to~ethe~ with sucA interest shall bs secured by the li~n of thii mort~pe. 1. To permit, oommit w svffer no waste, impairment or detarantion of s~id property or any p+?t ihereof. 3. To pay ~II snd siry~lsr tAe aosts, charges and expenses, inclvdinp a ressonable attomey's fee and costi of abstracts of title, incurred w psid at ~ny time by ssid MORTGAGEE, becaus! w in the event of t!?e failure on the part of tMe said MORTGAGOR to duly, promptly and fully periorm, d~xhsrge. e:ecute, eifect, c,ompkts, comply w~~h and ab~de by each ~nd every the stipula~ions, agreements, ca+ditions, and covenann of said promissory nofe ~nd thii morty~ge ~ny w either, and sa~d costs, chargea and e~cpenses, e+ch +nd evay, shall be irtu+~ediatcly due and p+y+ble; whether w not there be notice d~ m~nd, attempt ro colkct w suit pending; and the full unount of each and every such paymeM ~hall bear interest from Ihe date thereof until p~id +1 the ~ate of nine per centum per annum; u~d all said tosts, charges and expenus incurred or paid, together with s~ch interttt, thall be sKUred by th~ lien of thi~ mortp~s. Q Th~t (a) in the event of sny breach of this Matgsye or default on the part of the MORTGAGOR, or (b) in the event ~ny of sstd sums of money herein refened to be not p~omptly and fully paid within thirty (30) days neat after the same severatly become due ~nd payable, witlw~rt demand w notice, w W in the ever~t exh ~nd evcry the stipulstiona, a9reements, conditioos and tovenants of sa~d promissory note ar~d th~s mortg~e sny a either are no1 ~ly, promprly ar?d fully perfwmed, d~scharged, executed, effected, compfeted, complied wi~h and abided by, then in e~the? a any such event the taid a~ presate svm mentioned in said promiuory rate then rem~ininp unpaid. with iMe~esl sccrued. and all moneys setured hereby. shall become due and pay~ abb fathwith, w thereatter, at the option of said MORiGAGEE, ai fully and compktely as if all of the said sums of money were wiginally stipulated to be pa~d on svch day, anything in said promissory ~ote or in this Mwtgage to the connary notwithstsnding; and thereupon w thereafte~ a~ the optian of s~id MORTGAGEE, without norice w demand, suit +t law a irt equity, therefore or thereafter lxgun, may be prosecuted as if all rtaneys tecured hereby had marured pnor to its institution. 7. That in the event that ~t the beginning of w at any time pendirg aoy suit upon this Mortgsge, o? to foreclose it, w to refwm it, or to enface payment pf ~ny claims hercunder, said MORTGACaEE shalt apply to tlx Court having jurisd~ction thercof iw the appo~ntment of ~ Receive?, such Court shall for~liwith ~ppoint a receiver of said mortgaged property sll and singular, includ~ng all and singulsr ~he income, p?ofits, iswes and revenues from whatever wurce derived, each and every of which, it being expressly unders~ood, is hereby mortgaged as if spetifically set fath'~nd deuribed in the yraNing ~nd habendum dauses hereof, and such Receiver shall have sll the broad and effective funa~ons and powers in anywise eM~usted by ~ Court to a Receiver, ~nd such ~ppointment shall be made by such Court as an admitted equity and a mancr of absolute r~ght to uid MORTGAGEE, and without teference to the adequaty or inadeqwcy of the wlue of the property mortgaged or to the solvency w inwlventy of said MORiGAGOR or the defendants, and that such rems, profits, intome, iuues and revenues shatl be applied by such Receiver atcwd~ng to the lien or eqvity of said MORTGAGEE and Ihe prattic~ of such Court. 8. To dulv, promptly and fu!!y perfo~m, d~scharge, execute, effect, complete, comply w~th and abide by each and every the stipulations, ~greements, condiYans ~nd covenants in sa~d promissory note and this mortgsge set fwth_ 9. Th~t in the event the ownership of the mortgaged premises, or sny part tl+ereof, betomes vested in • perwn other than fhe MORTGAGOR, the MORTGAGEE, in successws and assigns, may, without no~ice to the MORTGAOR, deal with such successor w successor in interesl with refNence to this mortgspe and the deb~ hereby secured in the same ma~n~r as with Mortgagor without in any way vitiating or distharging the Mort~agon lisbility herr under w upon the debt hereby secured. No sale of the prcmises hereby mortgaged ~nd no forbearance on ~he part of the MORTGAGEE w its successon or ~uigro and no exeension of the time fa the paymem of ~he aeb~ hereby secured given by the MORTGAGEE or its successors or auig% shall operate ro reiease, d:schar9e, modify change w affect the orginal liab~t~ty of the MORTGAGOR herein, either in whok or in psrt. 10. h is specifically agreed that time is of the eaxnce of this contratl and that no waive+ of any obligation hereundcr w of the obligaYan sr n.red hereby sMll at ~ny tune thereafter be hefd to be s waiver of the terms hereof or of the instrumeM secured herby. I1. In add~tion to the forego:ng mon~hly payments of princ'pD~ snd interest required by 1F?e promissory note secvred hereby, mortgagor coveoants and agrees to pay to mortgaget with each monthly payment an additional sum est~mated by mortgagee to be equal to 1/12 of the annual cost of the follow- 'ng: A-All real property taxes levied or assessed against the above deuribed resl estate. B-Premiums on fire and windstorm insurance as herein requ~red to be carried on the improveme~ts situate on the above described premises. C-Premiums on such mortgage guarsnty insurar~ce as mortgagee shall from time to time deem fit to carry on the ban secured hereby. Mortgagee shall from time to time notify mwtgagor in writing of the amoum due and paysble hereunder and such sum shall therevpon be due and paysble on the due date of the nezt monthty payment and each successive month thereafter ur,til mortgsgee shall notify mortgagor of a change in such amount. Such sums ahall be applied by mortgagee toward tlx payment of real property taxes, insu~ance prem:ums, and mortgage guaranty insurance pre+niums. IN WITNESS WHEREOF, the said MORTGAGOR ha: hereunto set his hand and seal the day and year fir aforasaid. gned ~kd elivere of: ~ ~ GV _.(sea4 aq . ~w 7 (Sea4 1S,+n STATE OF FLORIDA ~ S5. COUNiY OF S t~ i sef«e rne pe~so~auy.ppes.ed Stephen k*. Dearden Ann Joy Dearden " h„ ~,,,~r~, to me well known and known ro me to be the individwb described in and who executed the foregang instrument, and scknowledged befwe me that they executed the same for the purposes rherein expresxd. And rhe said ~nn _Ic~y Dearden wife o4 the said Stp,rhen [4 Dearden upon s separate and privat~ e:am~nation by me taken upsrate and apart from her said husba~d, ecknowledged to end befwe me iFwt she executed said instrument freely and volurr tarily and withovt arqr compulsion, constraint, appre si or fear of or from her said husbsnd. WITNESS my hsnd a~?d official seal this day of Februar A D. 19 bs Noury Public in ~nd 4or tFK Stste o# ' a at L~pe~' . My Commluion expires: /Q r~ ;':.'y Return To: = 1 ~ ~ ' fint Federal Savings d. loan Association L~.~'' Of Fort P~erce. + ' ~ : FILED AND RECORDED• YOTA9Y PUBUC. STATE Of fE~~f L~E--~ Fert Pierce, Florida ST. LUCIE COUr~TY. FLA. MY COMMISSION EXPIRES OCT.' n, ~~i~: s'= ~+tho+.,z:~ . : ~ RE.C(~R~l t-:.;Frr~ •OND[D TMROUQM raeo W. DtEfT j~ ~ ' ~ ~ ~ T;~is ;r,~;:u:.:_.~.~ ;.:.r::~:;i `~J~ C4- F~rst Fecer~! ,~`~o.~:~ Assn. '68 F 9 AM 3 'T.'` F~?t • EB 510 : 2 1642 3 sY W 5 i~~i c~~ rL~:~-t~t.A iiOG~ e? ~OITR4S a~ • CLERK CIRCUIT COURT DOCIlMENTA __~s~r~r~~a r~,c ~ = Ff6-9'68 f`'~~=~ti:ts~ = ° = ?;r~~'~~~1335= N U C'OMPTR4LLER~i ~ { ` ~ t (?R.f4~~ q ~ ~ ' ' ~ ~ ~ _ ~k ~ ~~n.x~ ~ ~ _