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Home My WebLink About2567 3. To plac~ and continuo~sly keep on the bui?d~ngs now a Mreafte~ situat~ on said land snd on all equipmenl ~nd penon+~~Y cov~r~d by thii mwt¢ p~, wilh ~II premiv~ theroon paid in full, fire insuranc~ in the usual s~andard policy form, ~n a sum ~pN•oved by :M MORTGAGEE, ~nd windstam inw~ance in tM uswl itandard pol~cy torm, in • sum ~Fptov~d by the MORTGAGEE, in s~?ch company or tomp+nies +s 1M MORTGAGEE may dinttJ ~nd +II fire and winds~orm insurance policie: on any oi uid build~nps, ~ny inte~est the~ein or part thereo(, 1~ 1he ~pyregaq tum afortsaid or ' In ~xcess thereof, sh~ll contain ths us~al standud mortg~ges cl+use or such other cl~~se as th~ Mutgagee may rsquu~, makinp ths loss ur+de+ said po1F ~ ciq, aach and avery, payable 1o said MORTGAGEE as its interest may ~ppear, a:+d e+ch and eve.y such poliq ihall be {uomptly sss:gncd ind delivered to •ny heW by s~id MORTGAGEE a(urthe~ security to said mortgage debt, and, not leu than te~ l10) days i~ sdvance of the expiration of eath policy, ro de~ live? to said MORTGAGEE s renew~l thereof, together witA a rcceipt fw the premium of such renewal; and there ~hall bs no fue or windito~m iniurant~ plaad on ~ny of taid buildirgs, ~ny interest therein o~ p~rt tMreof, unleu in the forrti and with the loss payable ss afwtsaid; and i~ th~ event any :um of monty becomes pay+ble under wch polity or policies said MORTGAGEE ihall have ths option ro receive and apoly the same o~ accounl o~ the indcbted- neu secured Mreby w to permit ssid MORTGAGORS Io receive and us~ it w any part thereof for other purposes, wiihout thareo/ waiving or ~mpair- ;ny any pu;ty, Iien or rght under or by virtve of this mortyage; and in tM event said MORTGAGORS shall for any reason f~il to keep the s+id premius so ~ insvred, ot fail to detiver promptly any of ssid policies of insunnce to said MORTGAGEE, a fail promptly to M~y futly aey p?emium therefw ot in any ' respatt fail ro per(am, diuharge, exetute, effect, complets, comp~y wi~i? ~nd sbide by thii covenant, w any pa?t hereof, said MORTGAGEE may pt~ce a~ i pay fo~ such insurance ot any part thereof without walvin~ a•ffMirg any opiwn, litn. eqvity, or righ~ under or by virtw of this Vlatyaye, and tl+e ~ full amount of each and every such payment shall be immediately dw +nd p+yable and aMll bear interes~ from ths date thereof until paid ~t tM rate ot ~ nine per tentum per annum snd togethe~ with stxA interest shall be setu~ed by fhe lien of this mortp~ge. ~ 1. To p~rmit, commit or suffer no waste, tmpairment a deteriwation of said property or any p+?t thereof. f 5. To pay all and sinyuls? ths tosts, charges snd expenses, includirg a re~son+ble attorney't fee and wsts of sbstrads of title, incurred or psid at any time by said MORTGAGEE, bec+us! w in the evenl of the failure on the pa?t of the said MORTGAGOR to duly, promptly and fully perform, d~uMr9e. execute, ~ffect, complete, comply with and ~bide by each and every the itipvl+tions, agreements, cond~tiona, and rnvenann of said p~omissory ~ote ~nd this mat~+pe any w ei~het, snd sa~d cosb, charges and expences. esch and every, shall be immediately due and psyable: whethcr or not there be nofrce de ! mand, sttempt to collect w iuit pend~ng; +nd the iull amount of each arwl everyr such paymeM shall bear ;nrerest from the date thereof until p~id at the ; rate of nine per centum per annum; and all said tusts, chsrges and expenses incurred w paid, togethet with suth interes:, sFwll be setured by ths lien of thu i mortyaye. ! a. That (a) in the evem of ~ny breach of this Mortgage or default o~ the psrt of the MORTGAGOR, or (b) in the event any of ss~d sunu of money f herein referred to be not promptly and fully psid within thirty (30) days next after the same severally betome due and payable, withovt demand or notice, or in tM eveqt each and eve~y the stipulations, sgreemenri, co~d~tions and tovenann of sa~d promiuwy note snd th~s mwtpaye any or sither are no1 iuly, promptly and fully perfamed, d~scharged, executed, effected, completed, complied with and abided ~iy, then in either w any such ewM 1he said ag pregste sum mentaned in said promissory ~ote then remai~ing unpaid, with interest acuued, and all moneys secured hereby, shell betome due and pay- eb!e forthwitFy w thereafter, at the option of said MORTGAGEE, ss fully and completely as if all of the said tums of money were orginally ttipulated - to be paid oe? such day, anything in said p~om~ssory r+ote or in this Mortgage to the contrary notw~thstsnding; and thereupon w thereafter st tM opuon of said MORTGAGEE, without notice a demand, suit at law or in equity, therefore or thercafrer begun, may be prosecWe~: as if al) moneys secvred hereby had m~wred pnor to its institution. 7. That in the event that at the beginning of w st any time pending aoy s~it upon this Mortgage, o~ to foreclou it, w to reform it, or to enfwce paymeM of any claims herevnder, wid MORTGAGEE shall apply to the Court having jur~sd~ction thereof fw the appantmem of ~ Recciver, such Court shail fortFiwith sppoinf a receivtr of said mortgaged property all and singular, includ~ng all and singulsr Ihe income, profits, iuues snd revenues from whatever wurce dtrived, eath and every of which, it bting expressly understood, is hereby mortgaged as if speNfitally set fdth ~nd described in the yranti.~g and habendum cl~uses hereof, and suth Rcceiver shall have atl the b~oad and eifective funa~ons and powers in anywise entruated by a Court fo a Receiver, and such appointment ihall be made by such Courr as an admitted eq~ity and s mattcr of absolute r~ght ta sa7d MORIGAGEE, and without reference to the adequacy w inadequacy of the value of the property mortgaged or to the sahrency or insolvency of uid MORTGAGOR or the defendants, and that tuch renrs, profin, income, iu~es and revenues shall be applied by such Receiver according to the lie~ w equity of said MORTGAGEE snd the practice of such CouA. 8. To duly, promptly and fully perfwm, dixharge, execute, effect, complete, comply with ~nd abide by each and every the stipulatiora, agrcements, condiYwro and coveoai=fs in said prom~asory note and this mwtgage ut fath. ' 9. That in the eveM the ownenhip of the mwtgaged premises, or any part Ynerec~f, becomes vested i~ a perwn othe~ than the MORTGAGOR, the - MORTGAGEE, its succeuors and ~ssigns, may, without notice to the MORTGAOR, deal with such succeuor w successw in interest with reference to this mortgtge and the debt hereby secured in the same manner as with Mortgagw without in any way vitiating w diuharging the Mortgagors' (iability here- under w upon the debt hereby secured. No sale of the premises hereby mortgaged and no forbearance on the part of ~he MORTGAGEE w its successors or suigns and no extension of the time fa the payment of the debt hereby secured given by the MORTGAGEE or its successors w auigns, .hall operate to release, discharge, modify ch~nge or afied the original liabil~ty of the MORTGAGOR FKrein, either in whole w in part. 10. It is spec~fically agreed that time is of the easence of this contract and that no waiver of any obligatan hereunder or of the oblgation sr a,red hereby shall st any time thereafter be held to be s waiver of the terms hereof or of the instrvment secured herby. 11. In add~tion to the forego:ng monthly payments of princ'p~l and interest required by the promiswry note securcd hereby, mortgagor covenants and agrees to pay to mortgsgee with each momhly payment an add~rional sum estimated by mortgagee to be equal to 1/12 of the annual cost of the fol{ow- ing: A-All real property taxes leviet! or assessed against the above described real estate. B-Premiums on firc and windstorm insurance as here~n requ~red to be carried on the 6mproveme~ts sitvate on the above dtscribed premises_ ~ C-Premiums on such mortgage gvaronty insurance as mortgagee shall from time to time deem fit to carry on the ban secured hereby. ~I Nbrtgagee shall from time to time notify mo?tgagor in w~iti~g of the amount due a~d payable hereunder and such sum shall thereupon be due and I payable on the due date of the next monthly payment and each successive month thereafter ur,til mortgagee shall notify mortgago~ of a change in such f amount. Such sums shall be applied by mwtgagee toward the payment of real property taxes, insurance pran:ums, and mortgage guaraniy insunnce ~ premiums. ` IN WITNESS WHEREOf, the ssid MORTGAGOR has hereunto set his hand and seal the day a ear fi afwesaid. ~ ~ J Si~ Sea and deliver in th~ presence of: l ~ Gt/ I a~ ~ - ~ (Se~l) i ~ : / (Seaq ~ ~Sea4 -~STATE OF fLORIDA 1 S5. couNnr oF St . Lucie j Befwe me penonally appeared John W. Chapin e~ V101Qt M. Chapin his wite, to me wel! known and known to me to be the indiridwls described in and who executed the fwegang instrument, and adcnowledged befwe me that they executed the same for the purposes r~«~~ exP.~s~d. a,d rhe sa~d Violet M. Chapin wife of tF~e said John k~. Chapin upon s xparate. snd.p~ivat~ _ examinaYwn by me taken separate and apart from her said husband, acknowfedged to and before me that she executed ssid instrumeM frKi~j ~nd wlw~- tarily and withovt eqy compulsion, conziraiM, apprehension, or fear of or from her said husband. ~ WITNESS my hand and official seal thi~ day of March ~ p_~~~f)8 ~L 0-~ 6~C~Q ,5C' i~ .1 - " ~ Notary Public in and for the State a1" rJoriiLi atr r ~ My Commission expircs: ! r ~ ~ ' - R~?~.~ to: ~!D RECOR~ED ' 4~ :7~ ~ First Federsl Savings 3 losn Association ~TY FLA• ' Of Fort P~erce. OC ~ L,V ^ NOTARY PUBLIC, STAtE OF FIGF [BA'A~ 1ti1R~ ~ Fort Pierce, Florida t:. ' • MY COMMISSION t~PIRES PiOV. ~a;'T9lL'' ; 165~~'~`~ ~ONDED TnROY6rf FR_D W. D~E9i1'~NO1Ff. ~ • ~ ~ Thls Instrument prepared li~ ~ a~ ~Q : 31 a G/~~ ~ ~ First Federal Sav. & loan A ssn. ' 6 8 E'~~ ~ o F ier = " : ; ~R~O R.r ! µy~ ~ U CLERK CIRC ~S ~ ~ ~ ~ Y~ ~ BOOK170 PAGE~555 = ~ ' ~ - - - - - - C- ~ - - - ~ - - : _ ~