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Home My WebLink About0164 i s • 3. To pl~q and contin~ouily ke~p on fhs buildirps ~ww a h~r~aha ~itvat~ on said land and on all eq~iprnent and p~rsonally covaed by this morl¢ •y~, with ~II pr~mi~ms ?hereon paid in f~il, iir~ insurant~ i~ tM usu~i s~andud potity form, !n a sum approv~d by tM MORTGAGEE, and winditorm inwrance 1n ttk uswl ~?andard pol~cy form, in ~ sum approved by tM MORTGAGEE. in such compu~y or compa~ies a tl?~ MORiGAGEE m+y dirMf and ~II Hre ~nd windstorm in~uranc~ poliuei on sny of se'~d buildinps, any inNr~a~t tMrei~ or paN tM~eof, in tlw aygre9at~ svm afa~ssld or In ~xcess It~ereof, ~hall contain the usuaf srandard mo~t~agee clauss w such oit?e~ clauie ~s tM Mort9ap~e may requu~. makinp ~Fa loss vixkr s+id poli~ cia~, eath and every, payable to said MORTGAGEE as ~b iMe~est may appear, ~nd each and every svch poliq sMll b~ promptly aa:yn~d ar?d dtfiver~d to +ny held by said MORiGAGEE as tu~ther security to iaid matgage debt, and, rat leu than te~ (10) days in advance of ths expir~tion of each pOlicy, lo d~- live~ to aaid MORTGAGEE s renewal thereof, tope~her with a rece~pl for 1he premium of tuch ren;,•~al; and there shsfl be no fire or windito~m inwru~c~ plac~d on' ~ny of s+id buildings, any intere~t tFxte~n or part thereof, unleu in the form and wi~h the tou payaWe as stwesaid; and in fM ~wM anr wen of mo~ey becomes payable u~de~ such polity a polKies said MORTGAGEE ~hall have the option to receive and apply Ihe same on xcount of ths i~bied neu setured hereby ot W permit said MORTGAGORS to teteive and usr it ot any part thereof fw other purposes, wilho~t Ihrreb/ waiviny w unpair- inp any equity, t~n or right undet or by virt~e of this morsgage; and in the evenr wid MORIGAGORS sl+all fw any reawn fail to keep 1he uid premises so insured, w fai) to deliver promptly sny of said polities of insurance to said MORTGAGEE, a.`~il promptly to pay fully ~ny premi~m therefor or i~ any reipect fail b palorm, diacharge, ezecu~e, effect, complete, comply with and abide by this covenant, u any part hareof, said AAORTGAGEE msy plac~ ind pay fa tvch inw~ancs or any part 1Fxreof without weiving ot affedinp any option, lien, equity, or r~ght under w by virtw of thii Mat~ags, and fM full amount of each and every such payment shall be immediately due and payable and shall brar interest from the date thereof u~~il paid at the rate ol ~ine per centum per annum and to~e~her w~~h euch i~uerest :hall be secured by the liert of th~s mortgage. 4. To pKmif, tommit or sut(er no waste, impairment a detaio~ation of said property w ~ny part fhereof. S. To pay aU a~d s7ngular the costs, tMrges and expensei, inctuding a reasonable attorney i fee a~d costs of abatracts of title, int~ryed or paid st eny time by said MORTGAGfE, because d in thc even~ of the failure on the part of tAe said MORTGAGOR to duly, promptly snd fulty pe~form, d~xharg4 execute, effed, complete, comply w~th ar+d ab:de by each end every the stipulat+ons, agreements, conditions, and oovenanb of said promiswry note and ~his mortga~e any w ei~her, and said costs, charges and expenses, each and every, shall be immediately dve ~nd payable; whether or not theae be notioe de mand, attempt to colkct or suit pending; and the full amount of each and every such paymeM shall bear interest from 1he dale thereof v~til p~id st the rate ol nine per czntum pe~ aruiu.~n; ar~d atl said costs, charges and expens~ incwred or paid, togelher w~~h such interett, shall be secured by the lien of thu mwtpape. 6. 1'haf (s) in the event of ar~y brwch of thia Nbrtgage or defa~lt on the part of the MORTGAGOR, w(b) in tMe evenf eny of said tums of money herein re(erred to be not p~omptly and fully paid wifhin tbirty (30) days next after the same severally betorr~e dut and payable, witlqut demand w nolice, or (c) in the event each and every the sriputatians, agreertxnts, conditions and covenants of sa~d promissory note and this rtartgage at~y or either ue no1 ~uly, promptly and fully perfor~ned, dixharged, exec~ted, effected, compfeted, complied wilh aad ab;ded Sy, then in eitFr_Y or any auch eveet the said ag gregsts wm mentioned in said promiuory note then remaining unpald, with interest accrued, and al! moneys secured hereby, shall become due and pay~ able forthwith, or thereafte?, at the option of aaid A10RTGAGEE, as fully and comptetely as if ati of ?he said wms of money were piginally stipulafed to be paid on such day, anything in sa;d prom~ssory note or in th7s Mwtgage to the convary ~otwithstanding; and thereupon w the~eafte? at ths option of said MORTGAGEE, w~thout notKe or demand, suit at law or in eqvity, the~efore a tAereafter begun, may be prosec~ted as if all awneys secvred hereby had maturtd pnw to its institution. 7. That in the evenf rhat at the beginning of or at any time pending any suit upon this Mortgage, or to fo?eclose' it; or to refam it, w to enforq paymeM of any tlaims hereunder, wid MORTGAGEE shall apply to the Cour~ having jurisd~ct~on thereof for the appointment of a Receiver, such Courf shall forthwith appoiM a receiver of said mwtgaged property alI and sirgutar, includ~ng all and singular the income, profits, iuues and revenves from whatever source ~e?ived, each and every of which, it being expreufy understood, ia hc~eby mortgaged as if specificalty set forth and destribed in the granting tnd habendum clauses l+ereof, and such Receiver shall have all the b?oad and effective funu~ons and powers i~ anywise entrusted by a Court to a Receiver, and s~ch appointmtnt sha11 be made by wch Court as an admitted equ~ty and a mat~er of absolure right to said MORTGAGEE, and without relerence to tha adequaq cv inadequaty of the value of the property mpngaged or to the solvency or insolventy of said MORTGAGpR d the defendints, and that such rents, profits, income, issues and revenues shatl be apptied by such Receiver according to the lien or equity of sa;d MORTGAGEE and the ptactice of s~th Court. ' 8. To duly, promptly and fully perfwm, diuharge, execute, efied, complete, comply with and abide by each and every the stipulatiorts, ag~eemenb, conditaru and covenants in sa~d promissory note and this mortgage set (orlh. - ~ 9. That in the event the ownership of the morlgaged premises, or any part tF+cieof, becomes vqted in s person other tha~ the MORTGAGOR, tha A1pRTGAGEE, its succ~:ssas and assigns, may, without notice to the MORTGAOR, deal with such succeua w successor in interest with reference to this mortgage and the d=bt hereby secured in the same manner as with Mongagor without in any way vitiating or d~scharging the Mortgagws' liability here- ~ undtr o~ vpon the debt hereby setured. No ule ol fF~e premises hereby mortgaged end oo Iwbearance an the part of the MORTGAGEE Or iri suctessors or assigns and rto extension of rhe t;me iw the payment of the debt hereby secured given by the MORTGAGEf or its successors w auigns, shall operat~ lo retease, diuF~arge, modify ~hange or af(ect the original liab;lity of the MORTGAGOR hereen, eitikt in wlwlr or in. part. t0. It is speufically agreed that time i~ of the e~sence of this contract and that no waiver of any obli9aYwn hereunder w of the obligaYan s~ cured he?eby shal! at any time thercafter be hetd to be a waiver of the terms hereof w of the instrumem secured herby. 11. In add~t:on to the forego'ng monthly payments of princ'pal and interest required by the p~omissory no!e ucured hereby, mortgagor covenants and agrees to pay to mortgagee vvith each monrhty pay~nent an add~~iona! sum estimared by mwfgagee fo be equal to 1/12 ~f the annual cost of the folbw- ing: A-Atl reai property taxrs levied or assessed agaiost thc abarve described real estate. B-Premiums on fire and windstorm insurar.ce as here~n requ~red to be carried on the improveme~ts situate on fhe above described premises, C-Premiums on such mortgage guaranty ir.surar~ce as mortgagee shall from r:me to t~~ne deem fit to csrry on the toan setured hereby. AAatgagee shaH 'rom rlme to time not~fy mortgagor in writing of the amour.l d~e and payable hereundar and such sum shall thereupon be due and Fayable on the due date of the next month:y payment and each successive month thereafter ur,til mortgagee shatl rrotify mortgagw of a change in such amount. 5uch swns sh~~f +~e applied by rnortgagee toward the payment of real property taxes, insurance prem:ums, a~x! mortgage guaranty insurance premiums_ IN WITNES~ Y~HE she sai MORTGAGOR has hereunto set his hand and seal Ihe day and year first +fwesaid_ Sigaed. Sea~ed dz ' n t ,oi: ~,~~~'~.~r.C~fr~? /Y: , \ ~+n - +h _ - n . STATE Of FLORIOA ~ ~ ~ ~our,n oF _ St. Lucie ~ _ _ Before me pcrsonatly appeared Wll.ZldB R. DLiZ}ldnl ~ = .1 and - Phyl2 i s D. D ttrham - his wife, ro me well known ar~ tnswrt f0 ~.1~ (i!. the individwls desuibed in and who executed tt~ for instrument, and acknowledged before me that they executed thE aame .i8t iMa- P~~lis D. Durham ~ ?herein expressed. Md the said y - w~r~ af rr?~ ~~d Willlam R. Durhaw •-~..~•j~ upon a separrfe and-privit~ examinatio~ by me taken separate and apart from her said husbsnd, uktwwtedged to and befps me that ihe executed taid instrument fte+ly and volun- ianly and w~thout any tompulsion, constraint, apprehensio~ot iear of or from her said husband. WITNESS my hand and official seal thi: day of . l1A q. p_ ~~cZ ~ ~ ' p AND REC?Y F~A. Not Pub{ic io and i tF~e Sute o brida ~t tar~ ~ Retu~n To: FI~` C~E COU~ ~ Cortn:nssion expires: c q?~~E~ First Fedc~al Savings 3 loan As~~et~pl~.~:nrtir V.~~' ~~Y COMM1~51 N EXP~ ES NUV.~ 23~ 19I2 Of Fort P.erce. ~ ~ONDEq 711RO~GH ~RED W. ~~cATGLl~ORf. fort Pier~e, FloriJa ~ , 6 r ~ ,6g 3t~~ u hi In trument Pre r ~ ~'TRAS T s s pa ed Bx ~ p COVR'[ First Federat Savings & loan Ass~3t~~RCV1T of Fort Pierce CI.ER Checked By S-~stain ~ BOOK ~ 7$ PA6'E j G ~ } ; j•r__ _ ~ ~ ~ cf ~ - - __~~~-fn,,t ~._~w_ _ : ~ . ~_~~-u~