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Home My WebLink About2857 a ~ To plac~ and contkwiwsly k~~p on fh~ buildinps now w hKNfhr ~ituat~ on ~aid I~nd and on ~II equiprtwnt ~nd p~rsooally cover~d by thts mort~ p~, with ~II pr~miwns ~Fwnon paid in fvll, fih insurana M tM uswl u~r~ard policy form, in a iom app~ov~d by th~ MORTGAGEE, and winduwm iniwanc~ M tM uswl stand+rd policy fan~, tn a wm ~pprov~d by tM MORTGJIGEE, in ~vch company or companas as th~ MORTGAGEE n?ay dlrM~ and all iir~ ~nd wi~torm iawr~nce policia on ~ny of s~td buildinp~, any i~ta~st Ih~rtin w part thtrwF, lfl iM ~ftQit~ {VT ~fOffH~ OI In ucpss th~reof, sh+ll contatn tM ~nval ifandud matpspN clsva w~ud~ othx cis~ a tht NbrtpapN may rpvin. m+kinp tM Iws undN s+id po1F cies, tach and ~wry. p+Yabl~ ro s+td MORTGAGEE u in in~ar.sf may app.•r, ~od each and ~vay svch policy ~Mil b~ promptly aa:9ned ~nd d~liwrtd to ~ny Mid by ~aid MORTGAGEE as fuNhs~ security ro said matpsp~ debt. ~nd, not kss thin ta~ (10) days in advsnc~ of tl+~ ~xpiration of each pol'~cy, to d~- livK ro s+id MORTGAGEE a renewal ther~of, topetMr with ~ ~euipt iw 1M premium of such ren~w+IJ aed tMr~ shall be oo fue w wiodi~am lawrux~ pl~pd on any of said bulldinps. ~ny interest tMr~in or p+rt tMnof, unqss in tM form and with the los~ p+y+bl~ ~s ~fw~saidt u+d G+ tM ewnl ~ny ~wn of money becom~s p+y+b1~ w~d~t such polky w polici~s said MORTGAGEE shall h~w tM optan 1o receiw ~nd ~ppiy tM same on +ccount of tM lndebted- nest ~ttw~d hK~by w to permit said MORTGAGORS to receiw and ute it or any pa~t thereof for other purposes, wi~hout thaeb~ waivinp o~ impair- irg any puity, ikn w rgbt uo+der o~ by vUtw of this matya~~= u~d in tM ~vent said MORTGAGORS sMil for sny reaion fail to keep th~ wid p«n?ips so inaured, a f~il ro d~liver promptly ~ny of said policie~ of intw~~q b s+id MORTGAGEE. or fail promptly to pay fully ~ny premium thtrefor ot in sny roipscl iail 1o p~rtonn, dixharpe, ~xecvts, eHecf, compl~t~, oomply with and ~bid~ by this cownant, or ~ny put herwf, s+id MORTGAGEE m~y pl~oe and p~y fa such inwrarw~ o~ any put tMreof without wahieg or aff~ctl~p am? option, (Mn, equity, w riyht under a by vlNw of this Mortq~~, ~nd tM fuli ~rnouet of ssch and ewry such paymN+t slull b~ immaiiatdy dw snd py~bls ~nd sF~all bear interett from tM dat~ thercoi ~ntil p~id ~t tM raN ol nine per centum per anrwm and topether with such interest shall be secured by tM li~n of th4 mwtp~pe. I. To pKmtt, oortmdt a wff~ no w~st~, Imp~irment w detKiowtion of said prope~ty o? any put thereof. S. To pay sll and singular the costs, charpa ~nd expenses, includinp • re+sonabb ano.ney's fee and oosts of abstrscts of title, irKwred w psid ~t any tims by said MORTGAGEE, betauu or in tM ~wr?t of ths failw~ on the p+rt of tha ssid MORTGAGOR w duly, prampNy +nd fu11Y pe.fwm, d~uh~r~ exenrte, e(fect, compkt~, comply with u+d abide by aach and every th~ stipul~tions, a~reements, conditioru, ~nd covenanb of said promiuory note and th4 mortgape ~Mr a ei~her. and sa~d cosn, chu~ and expense~, esd~ ~od ewry. sMll be imnediately dw and payablej whethe~ or not thKe be notice de~ mand, attempt to collett or suit pendingj and ths full ~nwunt of each snd ev~ry wth paym~nl ahall bear interest from the date thareof u~til p~id H tht rate of nine per cw?tum per snnum; ~nd ~II said aosts, thu~es u?d expenses inturred w p~id, togetF~er with suth intetest, shall b~ setured by tM lief~ of this ^~9~ b, ih~t (a) in the event of any b?each of this Mortg+y~ w defwlt on tM part of the MORTGAGOR, or (b) i~ ihe event any of Nid swns of morny herein referred to be not promptly and fully paid within thirty (30) days next after the same seve?ally becane due and pay+bk, without dem+nd w notice. or in the evsnt each ud every the stipulation3, egreemenn, conditions and covensnts of sa~d promiuory note and th~s mwtpa~e any or either ar~ nol iuly, p?ompNy and fvlly performed, dixhsrged, executed, effacted, canpleted, canplied with and abided by, t1+M in either w any such ~wnt tM said a¢ pre~st~ wm mentioned in said promissory note then remaininp unpaid, with interost acuued, and all moneyi setured hereby, shall betwne dut and psy~ able forthwith, w there~fter, at the option of said MORTGAGEE, ~s f~lly ud completely as if all of the said wms of money were aipin~lly stipulated ~ to be psid on sud+ day, snything in said promissory ~ote or in this Mortpaye to the contrary notwithatanding; and thereupon or thereafier at tM option of said MORTGAGEE, witF~out notice or demand, wit nt law or in pvity, therefore or thereaher begun, m~y be prosecuted as if all monsy~ s~cured F~areby had rn~tured prior to ib iiutitvtion. 7. That in tM event tMt at the beginning of w ~t any time pending ~ny wit vpon this Mortgape, or to fweclose it, or to reform it, o? ro enfwu payment of sny tlaims hereunder, ssid MORTGAGEE sMll ~pply to the Carn having jwisdictio~ the~eof for the appointmeM of a Receiver, svch Cowt sh~tl j Fwthwith appoint a receive~ of said mortg+9ed property all and sinpulu, inclvdmp all and singular th~ income, profib, issues and revenues from whatever i wuroe dsrived, eath and every of which, it beinp expressly v~derslood, is hereby mortgaged as if spetifitally set fwth and desuibed in the yr~ntiny and ; habendwn clauses hereof, and such Receivet shsll hsve sll the broad ~nd effective functions a~d powen in anywise entrusted by a Court to a Receiw~, snd wch appointment shalt be made by wch Cou~t as sn admitted equity ~nd a m+tter of absolute right to said MORTGAGEE, and without re(e~ence to ths adequacy w inadequacy of the val~e of the property mwt~+qed or to the wlvency or insolve~xy of said MORTGAGOR or ~he defendann, and that such rents, profits, income, issues a~d revenues shall be applied by svch Raceiver accordinq to ths lien or puity of uid MORTGAGEE and the practice of such CouA. _ 8. To d~ly, promptly and fully perform, dischsrge, execute, effect. complete, comply with ~nd abide by each and every the stip~lsY~an. agreements, conditiom ~nd covensros in said promiuory note ~nd this mortgsge tet forth. 9. That in the event the ownership of ths mortgsged prcmises, a amr part thereof, becomes vested in a penon other than fhe MORTGAGOR, tl+~ MORTGAGEE, ib succeuors and auigns, may, witFqut notice to the MORTGAOR, deal with such wccessor or successor in interest with reference ro this mortgsge ~nd the debl hereby aecured io the sam~ msnner ~s with Nbrtg~yw without in ae?y wsy vitiatirg or dischargiog the 1Nortgsgors' liabiliry Mra ` under or upon the debt hereby secwed. No sal~ of the premiaes hercby matyaged and ra fwbearanoe on the put of the MORTGAGEE a its svcaessors ! or auigns and no extension of the time for the psyment of the debt hereby secured yiven by the MORTGAGEf w iri s~ctessots w assyns, shall op~rat~ ± ro release, discF~arye, modify ch+nge or affett the origin~) liability of the MORTGAGOR hcrein, either in whole w in put. 10. It is spetifically agreed that time k of the eaente of this tontract snd that no waive? of any obligation hereu~der or of the oblipation se- cv~ed hereby sh~ll at any time tt~ereafter be held ro be ~ waiver of the temu hereof a of the iratrwnent secured herby. add~tion to the fwego:ng rnonthly payments of print:pal and interest required by the pran'~story nore setured hereby, mortgsgw covenants and agrees to pay e with each monthly payment an additional sum estimated by mortgsgee to be equal to 1 1 - ; ~ ing: ~ A-All real property taxes kvied or assessed aga e d a estate. j , B-Premiums on fire aad windstortn insursnce as equKad to on the 7mp?oveme:?b sit~ate on tMe ibove desvibed premises. C-Premivms on such mortgage ~nsurence as mortgsgee shsll from time to fit to carry on the loan secured Ixreby. Mortgagee shatl fr o time notify rtwrtgsgor in writing of the amount d~e and payabk her wm shal) thereupon be due and payable on the e of the next monthly payment and each successive month thereafter until mortgsgee thall noti of a chanye in such amount sums shall be applied by mortgagee toward the psymtnt of real property tazes, insunnce prem:wns, and morfyaye g 'nwr~nce i mwms. • ~ IN WITNE55 WHEREOf, t said RTGA~'aOR ha hereunto set his hand and seal the day and yea fint es~id. f Seal~d the presence of: % ~ ' ~ aQ f ~ rs..~ STATE OF FIORIDA ~ St. Lucie courmr oF Bef«e m~ person~lly appeared Ch8?]~l@S C• SIlaI1k Bdlth ~e $ haI'~C his wife, to me wefl known and known to me to b~ the individwb described in and who ~xecuted the fors9oinp Initrument and scknowledped before me that they executed ths sama fw th~ purposes r~,Q;,~ ~,,,d ,,;d Bdith Mae Shanlc - m,~re of t6. s~id Cha rl es C. Shank u~wn • sepK.ta ,nd priv+~. examin~tio~ by me taken sepsrate and apaA from her said husband, acknovrledged ro snd before r~ii thst sF~e execvted said instrumen~;frMly aird volun~ rarily and without any compubion, conitraint. ~ppreF~ension, Q~'feu of or from ha said hvib~nd. ~ WITNESS my h~nd and official teal this a~ J'~ day of Deceaber • A. D. .19 t ~~r.rs~rt~ ~B-4~.C/hi~ , ' ~ `r` . Notary PuWic in and for tM Stat~ of~' Florid~-it L~pt1~~: My Commission expires: ~,z _~~~1~ . Return Ta ' ' ''J t; ~ . Flnt federa) S+ving~ 3 Loan Afsociation ~ r=: Of fort P~erce. ED ~ ` Fo?~ P~e~c~, F~w~da FILED AND FtECOR~ ~ : jT. LUCtE COUN?Y. ~LA. f ~ ~~i ~ , ~::c~ ~314~~ ~ _ _ . This Instrument Prepared By 1' ~ First Federal Savings ~ loan Association ~~8 `~C 23 ~ 9; yy / • of Fort Pierce C Chedced By R. Ka3+~es H ~ K C1 UI? COURT CLER ~ ; ~°oac~'~~ ~2~~ ~ - ' : ~ ~ ~f