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Home My WebLink About2636 s~ ~ ~ ~ . ~ • . . ~ 3. To pl~ct and continuo~sly ks~p on tM build~nga r?ow a Mresft~r sitwt~ on said land ~nd on +II equipm~nt ~nd p~non~lly covKed by this matp~ ~ p~, with ~II pr~miur.A thsrea? p~id In full, fire i~suranc~ in the u~~al standa.d policy fam, ~n • sum app~oved by the MORiGAGEE, and windstorm i~+sw~na in tM uiwl t~anda.d polky fum, in + wm spproved by th~ MORTGAGEE, i~ such company w canpania st ~M MORTGAGEE may dir~ttj u~d all fk~ ~ed windstorm ins~rsnce policist on any of taid buildl~ps, ~ny int~rest therein w part tMrwf, i~ tM ~ppre~aq wm ~tortsaid or In ~xua Iher~of, ahdl cantain ~l+e v~wl st~nd~rd maeysy~ cl~use a such o~Mr clavs~ ~s tM Matps~~e may ~~q~~n. m~?ieq tM {ou under said pol} ci~s, each +nd ~ve*Y. WY+bk ro s+id MORTGAGEE ~s its i~taeit m~y ~ppe+r, u~d each and ~vay s~ch policy shall b~ promptly ~ss:yned ~nd deliv~red ro ~ny I+~W by said MORTGAGEE ai funMr security to aid mwtpa9e debt, and, not leu thao ten (101 d~ys io advana oi tM eapir~tion of Nch policy. ro d~ ~ liwr ro s+id MURTGAGEE • rtnewal theroof, topethu with • reteipt for the promium of ~uch renewal; and tMn shall be no fk~ o~ windstorm insur~nt~ ~ pl~pd on ~ny of aid buildinps. any ie?terHt therein or part tF+ereof. ~nleu In tht fwiri and with tM tou p+yabk +s afores~idj and in tM evsnt any sum of mawy becorna payabk under such policy or polici~s said MORTGAGEE sl»!1 Mw th~ option to receive ~nd ~pp~Y tM ssm~ a+ +ccou^~ a~ ~M ir~dsb?ed' E ness secy~ed hatby w to permit said MORTGAGORS to receive ~nd use it a any part thereof fa othcr purposes, w~~hout thrreb~ wai~i~.g w impaii• in~ any puity. lien w ri9h1 ~oda or by virtw of this morlyayej and in ~M ~vent ~~d MORTGAGORS shall iw ~~y reason f~i) to ke~p rh~ uid premiaes so ~ iruured, w fail to deliver pranptly any of ssid polities of insunnce to ssid MORTGAGEE, w fail promptly to pay fully any premium therefo~ p i~ any r•~pecr fail ro p.riocen, discharge, executs, eifect, complete, comply with a+d ~bid~ by this tovenant, w any part hereof, said MORTGAGEE may place and paY for ~uch inwrae~ u+oy put ~hereof wirhout walvinp or ~ffectinp ~ny option. IiH+. puity. w rpht v~der a by virtw of th;s Mortpap~. ~nd ~he fult amo~nt of ~~ch and ~very such p+yment shall be immediately dut ~nd payabls and sh~ll bea~ intere~i fram tM dat~ thereof until paid at ti?~ ~att ol n~n~ pe~ centvm per anrwm and togNhcr with sucA intcrest shall be ~ecured by tM lie~ of this matgage- 1. To pKmit, ooenmit a wffer ~o waste, impairment w dcteriot~tion of taid property or ~ny psrt thereof. S. To pay dl and sirgvlar tM•costs, chsrpes ~nd expenxs, inct~d~rg a reasonable ~rra~ey's fee and costs of abstracts of titte, incur.ed w paid at any t:±~s by said MORTGAGEE, bacaus? w in the event of the failure on the pan of the said MORTGAGOR to duly, promptly ard fulty perform, d~icharg~. executs, ~ffed, oomplete, comply w~th and ab~de by each ~nd evcry the stipul~tions, agreements, condetions, and covenann of said prani:sory noro •nd th~s mortQspe any or ei~he?. and said costs, chsrpq and expenses, each snd every, shall be immedi~tely due and psyable: whether w ~ot there be notice de mand, attempt to collett ot wit pending; and the full smovM of ~ath and every svth payment sMll bea. interes~ from tFx date thereof ~nti! p~id at tF+e ~ate of nine per centum per aruium; and all said cbsts, charges and expenses it+tyrred or paid, topether with suth intenit, shall b~ s~cured by ths tien of thif mortpspe. 6. ?hat ln the event of any Mesc6 of this Mortysye or defauM on the p'srt of the MORTGAGOR, or (b) in ths went any of s+~d sums of money hereln r~ferred 1o be not promptly and ful~y paid within thirty (30) days next aftcr the aame severally become dve ~nd payable, without d~mand w notice, or (c) in tM went each and every the stipulations, sgreemen». cond~tions ~nd wvena~n of said promiuory note and this mortpspe any a either are no1 iuly, promptiy and fully performed. disch+rged, exetured, effetted, completed, complied with •nd ab'~ded by, then in either or ~ny such avsnt ths said a~ pre~at~ wm m~ntionad 'u+ s+id promiuory note Ihen remaininp unpaid. with interest acuued. and aIl ma:~eys secured herebY. ih+ll betome dw a~d pay- able fwthwith, w th~reaftr, al tM option of said MORTGACaEE, u fully snd ccmpktely at if •11 of the said wmi of money were ai9inslty ttipulated to b~ paid on suth day, anything in said p?omissory ewte or in this Mortg~ge to the cont~sry notwithstsnding; and thereupoe~ a thereafter at the option of ~ iaid MORTGAGEE, without notice or demand, suif at law w in equity, therefore o? thereafter be~un, msy be proxcuted u if all ma~eys secured hereby f had m+t~red prwr to iri institution. 7. Thaf in tM event tMt st the beginning of w at any time pc~ding aoy suit upon this Mortgage, or ro fweclos~ if, w to refwm it, w to enforp payment of any clsims hereu~der, eaid MORTGAGEE shall apply to the Cou~t 1?aving jurisdiction ~hereof fw the appo~ntment of a Receiver, such Coun shall Fwtliwith appoinf s receiver o~ said mortgaged property all and singulat, includ~ng all and singular the income, profits, issues a~d revenues from whateve? wuret derived. each and every of which, it being expressly understood. is hereby mortgsged as if speufically set fwth ~nd desuibed in the graming and habendum clauses hereof, s~~d such Receiver shall Mve all the txoad and effective funttions and powers in anywise entrusted by e Court to ~ Reteiver, and such appoiroment shall be made by such Court as an sdmitled equity and a matter of absolute righl to said MORTGACaEE, snd without reference to fhe adeq~~cy or i~»dequaty o1 the vslue of the property mortgaged w to the son+erxy oi insotvency o( said MOR7GAGOR a the defendann, and that s~ch i rents, profits, income, iuues and reve~ues ihall be applied by such Qeceiver accordinQ to the lien or equiry of said MORTGAGEE and the practice of such { Courl. 8. To duly, promptly and fully perform, dixharge, execute, effect, complete, comply with and abide by each and evcry the stipulations, agrcements, conditions snd covcnants in said promissory note and this mortgage set forth. 9. That in the event tF~e ownenhip of the mortgsged premises, w any psrt thereof, becomes vested in a penon other thsn the MORTGAGOR, tM ~ MORTGAGEE, in successors and au~gns, may, without notice to the MORTGAOR, deal with such successor or wccessor in interest with refere~ce to this mortgpe ~~d Ihe debt hereby secured in the same man~er as with Mortgsgw without in any way' vitiating or--disthargir~ ~?1e'llbortgagors' liability here- under w upon the debt hereby secu~ed. No sale of the premixs hereby mwtgaged and no fwbearance on the part of the 1NORTGAGEE w its successors ~ or assigns and no extcnsion of the time fa the psymem of the debt hereby secured given by the MORTGAGEE or iq successors or auigns, ahall operate ro retease, dixhsrge, modify change or affect the original liabiiity of the MORTGAGOR hcrein, either in whok or in part. F 10. tt is spec~ficslly agreed that time is of the essence of this contract and that no waiver of any obligsf'wn hereunder a of the obligaYan se- j n,red hereby shall at any time tixreafter be held to be a waiver of the tcrms hereof a of the instrumeM secured herby. ' 11. In add+tion to the fae9o:ng mo~thly payments of prin~ p~l and interest required by the promiuory note setured hereby, +nortgagor covenants and agrees to pay to mongagce with each monthly payment an add~rional sum esrimated by wwrtgsgee to be.equ+~l to 1/12 of the annual cost of the follovr- . . A-A1~ real property taxes levied or assessed against the above described resl estata B-Premiums on fire and windstorm insurance as Ixrein requ~red to be carried on the improvements situate on thc sbove desuibed premises. C-Premiums on such mortgage gusranty insurance as mortgagee shall from teme to time deem fit to carry on the loan secured hereby. j Mprtgagee shall frutn time to time notiiy mortgagor in writ~ng of the amount due and- payable hereur~de? and sucF? sum shall thereupon be due and paysble on the due date of the next monthly payment and eath successive month thereafter urtil mortgagee shall notify mortgagor of a change in such amou~t. $uch swni shall be applied by mortgagee ~oward the payment of real property taxes, insurance prem:ums, and mortgage guaranty insurance premiums. . ~ IN WITNESS EOF, the said MORTGAGOR hss hereunto set his hand and seal the day and year first aforasaid. Sea a deliva he resence of: C%~~I 7~l a4 \ ~ (Se~O - s~.n ~ ~ . ~a'~ ~ 1ATE OF FLORIDA St lucie COUNTY OF • ~ , ``~,,.,a~nu,,. Maurice R. Saith ~ 6efwt me peno~ally app~ared ~T~ ,„'1T$ ;f and Shirle E. Saith ~ ' ~ " y his wife, to me well k` aAd k ~na to be tht irxlividwls described in ~nd who executed the fore9oiny instrument, and ~cknowledged befwe me that they execu~~ imw~~r purpous .xP.~.~d. ~?~a ff,. N;d Shirlev E. Snith _ ~ • - wife ot tM s~id MdL1Z1CQ R. $Olth _T ~~'~t a~d P!~rata ~ ex~min~tan br rt~ uken separate and epart from her said hysbsnd, acknowkdged to snd befwe ms that she executed s~d i~?l~rur~4At trtel~,~nd vWv~ ~ ~ rarily and w~thovt aryr compulsia+, constraint, appreh~; ~c~~r fear of or from her wid husband. ~ 1•-. ~ WITNESS my h~nd ~nd official seal thi~ T~~ d~y of .Ar'~,..~9_,!~ ~ x ~ : ~ Notary Public in for the Su~e of Fbrida ~t l~~p~ ~ My c«n,nissi«, .=pK~,: IO'/I- 7I ~ Retwn To: ~ f;~„ F.d~„~ s,~;,,q. a io,~ m„«;a,,o~ FILEQ AND RECORDED~ . ~ of Fa~ P:~,«. ST. LUCIE COUN7Y, FLA. ~A~~ M~LiC. tTAiE Af FIORt~A AT U~iE ~ Fort Pierce, f~or~ds p!~,cD MY COMMISSION EXPIRES OCT. 11. 197 ~ONO[O TMROY~M F1~[D rY. D1[iTLlN011fT , ~ • V Y , ~1~ I ' I ~ ' . ~ This instrument prepared by ~ ~ First Fede:at Sav. & loan Assn. 0 Or~ I riO~ER ~OfTR~S CLERK CIRCUIT COURT ~ By . . ~ ~~71 ~?..6~9 Y-~„~ ~ ~ - - u~ ~ _ . - ~ . _