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Home My WebLink About1767 . . ; . ' ; . 3. To plan ~nd contirwovxly ~kkp on th~ boitdinps now a Mr~afitr altu~t~ on ssid I~nd and on ~II equipme~t ~nd p~nonally covKed br this mat¢ ~ a9~, with ~11 premiums Ihe~eo~ p~id in full, fire insu~~nc~ in tM u~ual sta~+2la~d polity form, in a wm spprov~d by the MORTGAGEE, •nd winditorm ~ insws~ct in tl+e usual ~iandard policy fam. in a sum ~pproved yy the AAORTGAGEf, in tuch company or compan;es si tM MORTGAGEE rtay t d+r~t~t +nd all fF~s end windstwm inturanoe policies on aoy of iaid buildtnqs, any interest therein o? part thersof, in ths ~pgre9ate wm afo~ts+id w ~ in excess thereof, iha~l contai~ Ihe us~al standerd mortgage~ cla~se or such olha clauss as the Mortyagte may ~eqv~ra, makinp rhe lou under ~aid po1M cies, eath ~nd evsry. psYable W said MORIGAGEE a~ its iMeres! msy sppear, a~d each and every s~ch poliq shall b~ promptly ~ss:~ned a~d delive~ed to ~ any held by s~id MORTGAGEE as ivrther security to uid matgsge debt, and, nof leu tMn ten (10) days i~ advance of the expiration of e+ch policy, ro da liva to said MORTGAGEE a renewal 1Fxreof.aopetM~ with a receipt for fhe premium of tvch renewal; and fhe~e shall be no fi~e o~ windstwm insurance pl~ced on any of said bvildi~gs, any interetY;therein or part thereof, unleu i~ 1he form and with the loss payable ai afo~essidt snd in th~ event any surn of nw~ey becpnes payabte u~der such poliq or policies said MORTGAGEE shall have the option ~o receiva and ~pply the wme oo atcounl of ths !r?dsbted~ neu secwed heraby w ~o permit ~aid MORTGAGORS to receivs snd use it w any part thereof for othe? purposes, wi~hout the?eb~ waivi»g w impair- i~g a~y equity~ lien or right under w by virtus of tAis mwtysge; and in the event said MORTGAGORS shall tor sny reason fail ro keep the iaid premises so insured, ot fail to deliver promptly any of said politiea o1 insurorxe to said AWRTGAGFE, a fai! paomplly to psy fully any premium Ihttefor w in ~ny rstpett fail to perfpm, ducharge, execute, effett, complete. comply with and abide by this covenanl, a any part hereof, said MORTGAGEE may plste ~nd paY fw tuch irou~ance w sny part thereof witlwW waiving w affedinp any option, lien, equity. or r~gM under or by virtw of thF~ Matgape, and the full amovnf of each and every svth paymeM shall be ;mmediately due and payabls and shall bea~ interest from fM date thereof until paid at the r~te of nine pe~ tentum per annum and together with such interest shall be secured by Ihe IiM of this mortgage. 4. To permit, commit w suffer no waste, impairment ot deterioration of said property a any pa?1 thereof. 5. To pay all and eingutsr the costs, charges a~d expenses, including s reasonable attwney s fee and costs of abstracts of title, Incuned a p~id at any time by said MORIGAGfE, because a ln the event of Ihe fai~ure on the part of the said MORTGAGOR to duty, promptly and fvlly periorm. discharg0. execvte, effect, oompfete, oomply with and ab~de by each and every the stipulations, sgreements, conditions, and mvenants of said promissory note and this mortgage any or eifher, and said costs, cha~ges and expenses, sach and every, stwll be immediately due and payable; whetF~er a not there bs notice de mand, attempt to colletf or suit pending; snd the full amouM of eath and every s~ch paymeM shall bees' imeresl from Ihe date thereof until p~id ~t ihe rate of ~ine per centum per annum; and all said tosts, charges and expe~ses inwrred or paid, together with such interest, shal) be satured by the lien of thw mortQape. 6. Thst (a) in the event of any breach of this Mortgage or default on the part of the MORTGAGOR, o? (b) in the event sny of said sums of money herein referred to be not promptly and fully paid wilhin thirty (30) days next after the same severally become due and payablq without demand or notite or (cJ in the event each and every the stipulations, sgreemenn, co~ditions and covenants of sa~d promiuory note and this rr.ortgage any w either are not ~uly, promptly and fully perfwmed, discharged, ezecuted, effected, completed, complied with and abided by, then in e+ther w any such eve~t the said ag gregate wm me~tioned in said promiuory note then remaining unpaid, with inte?es1 accr~ed, and all moneya secured hereby, shall become due and p~y- abte fwthwith, a thereafter, at the option of uid MORTGAGEE, ai fully and completely as it all of the said sums of money were originally stipulated to be paid on such day, anything in sa~d promissory note w in this Mortgage to the contrary notwithstanding; and therevpon a thereafter at the option of said MOATGAGEE, withoot noucb a demand, wit at law w in equity, thereiae w thereahe~ begun, may be {xosecuted as if all mwrcys tecured hereby had rt?atured priot to its institutio~. 7. That in tlx event that at the beginning of or st any time pending any wif upon this Mortgsge, or to iwectose it, or ro reform it, or to er+force payment of any tlairres hereunder, saed MORTGAGEF shall apply fo the Gou?t having jurisdiction thereof for the appo~ntment of a Receiver, such CouM shall forthwith appoint s receiver of said mortgaged property all and singular, irvcludm9 all and singular the income, profits, iuues and revenues from whatever source derived, eacn and every of which, it being expressly unders~ood, is he~eby mortgaged as if spec;fically set iorth and desvibed in the grsming and habendum clauses hereof, and such Receiver shall hsve all the broad and effective funct~ons and powas i~ anywise entrusted by s Court to a Receiver, and such appointment shall be made by such tourt as an admitted eq~ity and a mstter of absofute right to said MORTGAGEE, snd without ~eference to the adeqvacy a inadequacy of the vslue of the properry mortgaged or to the solvency or i~solvency of said MORTGAGOR or the defendants, and that svch rents, profits, incorne, iuves and revenues shall be applied by such Reteiver atcording to the lien or equity of said,MORTGAGEE and the prsctice of such Court, 8. To duly, promptly and fvlly pe~fwm, dixharge, execute, effect, complete comply with and abide by each and every the stipulations, agreem~nb, conditions and covenants in said promissory note and this mortgage set fath. ~ - 9. That in the event the ownership of the mortgaged premises, w a~y part thereof, becomes vested in a person other lhan tlx MORTGAGOR, the MORTGAGEE, its successors and auigns, may, without notice to the MORTGApR, deal with such successor or successor in interest with reference to this mortgage and the debt hereby setured in the same manner as with Mortgagw wilhout in any way vitiatiog p diuharging the Mortgagon' liability here- under or upon the debt hereby secured. No sale of the premises hereby mortgaged and ~o iorbearance on the part of the MORTGAGEE a its successors or assigns and no ex~ension of the time fw the payment of the deb~ hereby secured given by the AM1ORTGAGEE or its successors w suigns, shalt operate to releaae, discharge, modify change or affect Ihe oiiginal liability of the MORTGAGOR herein, either in whok or in psrt. 10. It is specifically agreed that time is of the essence of this contract and that no waiver of any obtigation hereunder o~ of the obligation fe- cured hereby shall at any time theteafter be F~eld to be a waiver of the terms hereof or of the instrument secured herby. a~d agrees to pay to mo:tgag rneM an addirionai-sum estim o equal to 1/12 of tF~e annual cost of fhe follow- ing: • n-au real pioperty taxes levied or against the above descri ~e . B-Premiums on " ~ndstorm insurance as herein req~i~red to be carried o~ the improveme~ts setua ribed p?emises. "f to ca Mortgagee sfiall from time to time notify mortgagor in writing of the amount due and payable hereunder and such sum shall thereupon be due and payab~e on the due date of the next monthly payment and each successive month thereafter urtil morfgagee shall notify mortgagw of a chsnge in such amount. $uch sums shall be applied by mortgagee toward the payment of real property taxes, insurance prem:ums, aix/ matgage ranty insurance premivms. • IN WITNESS WHEREOf, e id MORTGA R has hereunto set his hand and seal the day and r firs aforesaid. ned, Sealed and delive n fhe ~r e of: a~ ~ sp - ~~a0 ~ STATE OF FLORIDA 1 ~ courm oF St. Lucie i Before me petsonally appeared Ralph Shrader Louise M. Shrader his wife, to me well known and known to me to b~ the individuats desvibed in and who executed the foregoing instrument, and acknowledged before me that they executed 1F~e ssme for the p~rposes therein expressed. Md the sa~d - L~AlSe M. Shrad _ wife of the ,~;d Ra~h Shrader „po~, , w~.,a~e .~d p.t„s» examination by me taken separate and apart from her said husbsnd, sdcrwwledged to e~d befwe me fhat she executed said instrurtKnt 6~ely +nd volvi~ ~ tar;ly and w;thout ~ny computsion, constraint, apprehens~ or~esr of or from her said huabar~d, ~ t L WITNf55 my hand and official seal thi~ ~ ' d~ day of - NOV ~ber .'.l p~iq fJ8 ~ - . ~ ~~~(ti~(!~trJ . ~ ' , Notary Public in and fw the State of fbrid( ~t ~ Return To: . ' MY Cort?miuion expires:. - J~ n : i .3- ~7,/ c~ - F;~~ Fedenl Savirgs a~~, Associafwn ~~LEO ANO FtECORDB~' ••""t r~B~~ si~~~ oF F~~w~;~ll~yw~i-~ Of Fort P~erce. T c ? My ~n~~u~~ fXPfRES DK." ~•3, 19'j~~ r'•. FOrt PiCrCl, Florida 51. LUCIE COUNT~r~M. WNDED 7MROYW~ rwco W. ~li~t~<fjp~~ ,.•~i, ~ ( ~~C~~~~"„ O . i ~ This Instrument Prepared B~~B NQV 26 PM 3: 49 - ~ First Federal Savings 8 Loan Assoaation ~ ' of Fort Pierce qN , { ~ i'Of~RAS , ~ R G E%~ RO Checked By T. Driscoll ~~~~17 ~OURT~ ; ~~74 ~17~ ~ ~ ~ . ~..~T : _ ~f