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Home My WebLink About1345 . ~ . . « 3. To plau and contimiously ksep on tM buildinys now w FwrNha utvate on taid I~r?d ~nd on ~II equipm~nl ~nd p~nonsliy covered by this mort~- w~th d) prcmiums thereon ps~d in full, fi~~ inivr~nc~ in the usual iuod~rd policy fo~m, Fn a sum ipprowd by ths MORTGAGEE, and wi~torm ~ 1nsv~+nct !n !hs uswl stand~rd policy fwm, i~ a sum approved by tM MORTGACaEE, in such tompu?y w companies as th~ MORTG/~GEE rtuy d'u~ctj u~d alt fin u?d windsto~m ir?svranc~ policiet on any of taid buiidinpa, any inbr~~t thtrein or p~rt thereof, in tM a~g~e~at~ sum afortsaW o~ j in ~xcess IAsreo/, shall contain fhs usval standard mw~ysQa~ clause w such othu claus~ u the Mortya~e may ~pu'ae, makirg tM lou und~+ ~aid po1E ' cia, each and every, payabk ro s~id MORTGAGEE as its infereit may ~pp~ar, md each and ewry such policy ihall be promp~ly as~:gncd snd deliverod ro ~ ~ny held by said MORTGAGEE as further ~ecu~ity to said mortga9e debt, and nor ~ast than ~en (10? days tn advance of tM expiration of each policy, to d~- ; liwr to uid MORTGAGEE a renewal thereof, lopather with • receipt for tha premium of such renewal; and ther~ shall bs no f~ro a windstam insursnce pl~ad on ~ny of said b~ildinpi, sny interat ~here~n w psrl thereof, unleu in the fornn ~nd with tM lou p~yable as afo~esaid; and i~+ t1w evtnt any sum of nwney becon+es payable undsr such polky a polici~a sa;d MQRTGAGEE ihall have ?hs optian to receiva and apply the s+me on account of the i~debted~ neu ucured hereby o~ b permit asid MORTGAGORS ~o receiw a,+d us~ it p any pan thereof fw other purposes, w~ihou~ ~he?eb~ wa~vi~~g o. ~mpai~- ir?p any equity, lien ot right under or by v"utw of this motsp~e; a~d in tM event said MORTGAGORS shall fa any ~eason fsil to keap the said premises so insured, or fiil b deliver ptomptly any of said polities of insurance to said MORTGAGEE, ot fail promptly to pay futiy any prem~um the~ef.K p in any rsspect fail b pNform, discharge, execute, rffect, complete, comply wirh and abide by this covenant, a any par~ hereof, said MORTGAGEE may place and pay for tuch inwrance or any psn thereof without wsiviny ot affoctug ~ny option, lien, equity, or ri9ht under or by virtu~ of this Mon~s~pe, and the full amount of each and evtry such payment ~hsll bs immediately due and payable and shall bear interest from ths date thereof until paid ~t tM rate oi n~ne per centum per annum and togetF~er with such interest shall be secv~ed by the lier~ of this mwtgags. To permit, commit or wffer no waste, +mpa+r+nent a detcriora~ion of sa~d property or,any paM thereof. ~ 5. To pay a!I and sinputar the coats, chsrpes and expenses, includinq • reasonsble anwney's fee a~ cosh of abstracts of tiNs, incurred w paid at t any time by said lNORTGAGEE, beca~se w in the ~vent of the failure on the part of the said MORTGAGOQ to duly, promptly sr+d fully perform, dixhsrqq exes~te, effed, comptete, comply w~th ~nd ~b~de by tach ar+d every the ~Hpulatwns, agreemenn, caxlitions, and covenants of said promissory note and thii mortpaye any or either, snd sa~d costs, tharges and expenses. exh and every. shall be immedistely due and payable: wF?ether w not tMere be notice de~ mand, attempt to collect or suit pendirg; and the full amount of each and every s~ch psyment shalf bea~ inre~est from the date thereof vntil paid +t tM rate of nine pe~ cenrum per annum; and all uid costs, charges and expenses intu~red w paid, fogelher wnh svch interost, ihall 1» setured by the lien of thi~ mort~sy~• 6. TMt (a) in the event of any breach of this Mwtgspe o? def~ult on the pan of the MORTGAGOR, or (b) in the event ~ny of said svms of money herein refevred ro be not promptly and fulty paid within thirty (30) days next after the same severally become due and payable, withoul dema~d w nolice, or (c) in the event each and every the tlipulations, agreeme~n, conditions and covensnts of sa~d promiuory note and th~s mortga9e a~y w either are nol iuly, promptly and f~lly performed, dtxharged, executed, effected, comptered, compGed wi~h and abided by, then in e~ther w a~y such want the said ~g gregate wm mentioned in said promiuory note t1?en remaining unpaid, with interest accrued, and all Awneys secured hereby, shatl become due and pay~ abts fathwith, or thereafter, at the option of said MORTGAGEE, u fvlly and completely as if all of the said sums of money were wiginalty ~tipulated ~ ta be pa7d on svch day, anything in sa;d promissory note or in this Mortgage ro the contrary notwithstanding; and thereupon or the~eafte? at the option of said MORTGAGEE, witFw~t no~ice or demand, suit at law a in equity, therefwe w thereaher begun, may be prosecuted as if all moneys secured Fiereby had m~tured pnor to its i~stitution. 7. That in the event that at the beginnirg of w at any t;ms pendrg any iuit upon fhis Mortgage, or to fwecbse it, o? to refwm it, or to enforp payment of any claims hereunder, said MORTGAGEE shatl ~ppty to ~he Coun having jur~sd~a~on ~hereof for ~he appo~nrment of • Receiver, such Carrt shall forthwith sppoint a receiver of said mortgsged proQaty atl and singutar, includ~ng aIl and singular the intome, prolits, iuues and revenues irom wfiatever source derived, each and every of whKh, it beir~ expressly vnderstood, is hereby mo~tgaged as if spec~fically xt iwth and described in the grantin9 ar~ hatxndum clauses hereof, and such Reuiver ~hall have al! the bwd and effe~,:ve funct~ons and powers in anywise e~trusted by a Court to a Receiver, and such eppointment shall be made by s~ch Courf as an edm;tted equity and a matter of absolute right to said MORiGAGEE, and without refcrence to the adequscy a inadequacy of the value of the property mortgsged w to the soive~cy w~nsotvency of sa~d MORiGAGOR a tFx defendants, and t{wt such rents, profin, incort~e, iuues and revenues shafl be apptied by suth Receiver accwding to the licn o~ equity o! said MORTGAGEE and tht practite of sutA Court. 8. To duly, promptly and fully perfwm, discharge, execute, effect, complete, comply with and abide by each and every the atipulations, agreements, conditans and covcnants in sa~d promiuory note and this mortgage set forth. 9. Thal in the event the ownership of the mortgsged premises, or any part thereof, become~ vested in s person other thsn ihe MORTGAGOR, ths MORTGAGEE, ih, successors and ass~gns, may, without notice to the MORTGAOR, deal with such succeuor w successor in interest with refcrence to thia mw~gage and the debl hereby secured in 1he same manner as with Mortgagor without in a~y way vitiating p discharging the Mortgago~s' liability hcre- undcv or upon the debt hereby secured_ No sals of the premius hereby mortgaged and oo forbearance on the parl of the MORiGAGEE w its successws w assigns and no extension of the time fw the payment of the debt hercby secured given by the MORTGAGEE or its iuccessws or auigns, shall operate Io release, d~scharge, modify change w ai(ect the wiginat liabit~ty of tMe MORTGAGOR herein, eithei in wlwie a in part. 10. It is spec~fically agreed that time i~ of the essence of this contract and that ~o waiver of any obligat~on hereunder or of the obligation se- wred htrtby shall at any time thereafter be held to be s waiver of the terms hereof w of the instrurt?eM secured herby. 11. In add~tion to the fwego:ng monthly payments of princ'pal and interest required by the prom~ssory note secured hereby, mortgagor covenants and agrees ~o pay to mortgagee with each ma~thty payment an add~rional sum est;mated by mortgagee to be equal to 1; l2 of tF.e annual cost of the foliow- ing: A-All real property taxes (evied w assessed against the above described real estate. B-Premiums o~ fire and windztorm insurarce as herei~ requ~red to be carried on the improvemenrs situate on the sbove described {uemius. C-Premiums on such mwfgage guaranty insurance as mortgagee shal! from time to time deem fit to carry on the loan secured hereby. 1No?tgagee sha;i from time to time notify mortgagor in writing pf the amount due and payable hereunder and :uch s~m shall thereupon be due and payable on the due date of the next monthly payment and each successive mo~th thereafter ur.til mortgagee shall notify mortgagor of a change in such amou~t. Such sums sF.aii be applied by mwrgagee toward the payment of ?eal prope~ty taxes, insurance prem:ums, and mo?tgage guaranty insurance p~emiums. IN WITNESS WHEREOF, the saia MORTGAGOR has hereunto set his hand and seal the day and year first afwesaid. s~r+ed, aled and defive e'n a~ or: F~~EO AND RECORDED ~ . • S ~ . IUCtE COUNTY, q t: r n~;, l F t~ D ~ (Sea4 1'79932? STATE OF fLORIDA ~ I' ~ xa~ St. Lucie # couNnr oF ''~j'1G~ Before me penonslly appeared william F. Johrfsbb~a .Adu~t , .~+a CLF Irt.wi4rto me weR known and known to me to bs ?he incl;vidusts desuibed in and who executed the fwegarg instrument, and acknowledged before me that Zbly executed the same iw the purposet therein expressed. /e+d-tFie-~asid !1@ wif~ ef~l~said e~ ~ e,esnuna*arby-n+rt~6ew q~M~. ~ni~hfwwr.he~ wwl.iw~bandr+cfinowl~dgod-to ~~ilaeioce.~ael6at she~ex+eevted~id irstewne.rt 4reei~aw~ wkw~- r~ril~ ~nd-wilha» ~nr-cen~puisisr?, twmr~inb +~r_ K-fw ~ ~r-f~ow~.trwa7d ~wbawd. i 1 . WITNESS my hand ~nd official seal this , da of Jurie • J y p:,, l9_b4 e lL s~l?'J ,n' - ' ' Notsry Puplic in and fw the bf ydlid 'a ~t't~7~ Retu~n Ta. RIIEQ AND RECaRD~~?lasan exp~res: ~~,~3_ ~ i~' Fint F~~at sa~~~s a tosn /~~~atio~ ST. LUCIE COUNTY, FLA: ~:r: _ Of fort P~erce. R~-CnR~' vE~~Ci~~ •_~C~.: Fort Pierce, ftwida ` , . . 1.ir~ ' . '69 JUP~ 17 PN IZ : 02 ~ This Instrument Prepared By ' . First Federal Savings d~ loan Association ~~GER P ITR of Fort Pierce ~lERK CiRCU1T COURT' Checked By R. Kaves , ~~7~ ~ go~~.~.78 _ ~~~1344 `i - - - . _ "r ~ ~ : - - - - ~ . ~ - ~ ~ ~ , n..._ ~_w~~~: