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Home My WebLink About2356 + • r ~ _ ' . ` ' 3. To pl+n and continua?sty keep on th~ buitdinp~ now a htre~ftK utvat~ a+ ssid land ~nd on all equip~nsnt ~nd p~non~lly mva~d by this nart~ y~, with ~II pr~mi~ms thereon paid in full, firs i~:ur~nce in ths uival ttanda~d policy form, ia ~ sum approv~! by th~ MORiGAGEE, •nd winds~orm inwr~nct tn tM vswl ~~andard policy fam, i~ a wm approved by tM A1AkTG/1GEE, in wch compa+Y or comP+~~a +s tM MORTGAGEE may dinctt ~nd all (in ~nd winditwm ieuvrance policies on a~y of said build~n~s, ~ny inhrat tF~ei~ or pah the~eof, in tM +pyreg~t~ wm afor~sak! or In excess therwf, sM~l contain tM us~al standard mortgsge~ clavs~ a such otlw~ tl~uu u tM Mat9a~ee may ~equin. makinp tM loss und~r wid pol} cis~. ~ach and ~very. p+Yable to iaid MORTGACaEE ~s its intereu msy ~ppear. ~nd each ud ~wry ~uch policy ~half b~ prompNy ~u:yntd u+d deliwred to •ny Mld by said MORTGAGEE as (urtha sscvrity to iaid matyag~ debt, ~nd, not less tM~ t~n (10) daYS in advance of the ~xpiration of e+ch policy, to d~- IivN ro wid MORTGAGEE a rsnowal ther~of, topttM? with a receipt iw IAe prcmium of wth renew~l; and there shall bs no fire o~ windstam inwrae~c~ plac~d on any of said Iwildinys. ~ny interest therein or part thtreof. unteu in tl?~ form u~d with tM lost payaWe ss aforesaid; ~nd in ti» tvent ~ny wm of mon~y becarwa payabl~ uc~der such polky w polic~ss s+ld MORTGAGEE ihall !?~ve the optwn to rcceive end ~ply the same on atcoun~ of 1hs indebted- neu setur~d ha~tby a ro permit s~id MORTGAGORS to reteiw and us~ it a any part thercof for other purposes, wilhout Ihereb,r waiving o~ unpair• irg ~ny p~ity, lia? w right ~nde? or by virtw of this mortpa9e; and in ths event said MORTGAGORS shall fw ~ny ~eason fail to keep the said p~e+nises w insured, a f~il !o deliver ptomptty any of uid policies of insurancs to said AhORTGAGEE, or fail promptly to pay fully any premium tF+a~efor or i~ ~ny roipect f~il to perfw~, dtschuge, ~zecute, effect, complete, comply wirh snd ~bids by thii covenant. or +~Y part hereof, said MORTGAGEE m+y pl~ce and p~y fw :uch i~wranu or ~ny puf tMreof without waivinp or affactiry ~ny option, I'Me?, equiy, w right under a by virtw of this JNortga~t, ~nd the full amount of each and ~very such paymtm sh+li be imn+edlately dw ~nd p+yable snd shall bea~ interest irom the date tF+ereof until paid at the rate of nine pa cnntum pa annum and together with such interest shal{ be secu~ed by tM lien of this mwtpape. I, To p~rmit, oommit or wffar no waste, knpa&rtxnt or deterioration of said prope?ty w any part thereof. S. To pay ~II and un~ulu the cosn, cMrpea ~nd expenses, includirg s reasonabk +nomey's fee and costs of abu?acts of t~tle, incvrred w pa~d at any time by said MORTGAGEE, becavss a in the event of the failure on the part of the said MORiGAGOR 1o duly, p~omptly ~nd futly perfo?m, d~xharge, execu~e, effecL complete, comply with and ~b+de by each and every the stipula~iona, ~greeme~n, conditio~s, and covenants of said prom~ssory note and fhii mortp~pe any or either, and said costs, cMrges and expenxs, esch and every, :hall be immediately due and payable; whNher or not tFx?e be notice d~ mand, attempt to colkct a svit pend~rg; snd the fvll amovm of esch and evcry s~ch payment shsll bea. interesl from ~hs date thereof until paid at tt+~ rate of nine per centwn per annum; and all said costs, charges and expenses i~turred or paid, togethar with s~ch interest, sMll ba secured by tfie iier? of thif ~9~• 6, il?~t in tl~e awnt of any breach of this Mortgage w default on the part of the MORTGAGOR, a(b) in the event any of ss~d sums of money herein refe~red to be not promptly and fully paid within thirty (30) days next afte? the samc uveratly betome dve and payable, without demand w notite, or in the eveM each +nd every the slipulations, sgreements, conditions and covensnb of sa~d promisswy note and th~s mortgape any or either are ~wt iuly, prompNy and fully perfamed, d~uharged, exetuted, effected, compbted, compl~ed with and abided by, then in eithet w any svch eveM tM ~aid ag g.egate wm mentioned in said promissory note then remaining unpaid, with intcrest accrued, and a1! moeeys setured hereb~, shall become dw and pay- able fwthweth, a thereafta, at the opt~on of said MORTGAGEE, as fully and complNely as if all oi the sa7d tums of money were wiginally stipulated to be paid on such day, anyfhing in said promiuory note w in this AAwtgage to the contrary notwithstanding; and thereupo~ or the~eafter at tM option of said MORTGAGEE, without r+ot~ce or demand, svit at law or in equity, therefore or theresfter begun, may be prosecuted as if all moneys secvred hereby had matuted prior to ib institution. 7. TMt in the event that at the beginning of w af any time pending any suit vpon this Mwtgsge, or to foreclose it, o? fo reform it, w fo enfores payment of any claims hereunder, said MORTGAGEE shall apply to the Court having jurisd~ction ~hereo( fw the appointment of ~ Receive~, such Court sMll Forthwith ~ppoinf a receiver of said mortgaged proQerty all and singular, inctvd~ng all and singufar the income, p?ofits, iss~es and revenues from whatever iource derived, each ~nd every of which, it being expressly unders~ood, is hereby mortgaged as if tpecifica{ly set for~h and descr~bed in t!x grantiny and habendum clauses hereof, and such Receiver shalt have all the broad and effective funcnons and powers in anywise entrvsted by a Co~rt to ~ Receiver, and such appointment shall be made by such Court as an ad~nitted equity and a matter of absolute right to said MORTGAGEE, and without reference to the edequscy o~ inadequacy of the value of the properry mor~gaged w to the sorve~cy or insolvency of taid MORTGAGOR or the defendants, and that iuch rents, profits, income, iuues and reve~ues shall be applied by such Receiver according to the lien or equity of said MORTGAGEE and the practice of s~cl~ CouA. 8. To duly, promptly and fully perform, dixharge, execute, effect, complete, comply with and abide by each and every the stipulatioro, syreemenri, condiYans and covensnts in sa~d promissory note and th~a mortgage set forth. ! 9. Thst in the eveM the ownenhip of the mortgaged premises, or any part thereof, becomes vested in a penon other than fhe MORTGAGOR, fhe ~NORTGAGEE, its successws and augns, may, without notice to the MORTGAOR, dcal with such succeuor a successar in interest with reference to this mortgaga and the debt hereby securtd i~ the same manner as with AAortgagor without in any way vitiating w diuhargirg the Mwtgagors' liability Fxre~ under w upon the debt hereby secured. No ssle of the premises hereby mwtgaged and ra fabearance on the part of the MORTGAGEE or itt successws or auigns a~d ra extension of the time for the payment of the debt hereby secured given by the MORTGAGEf or its successors or assigns, shall operate to releaas, dischar9e, modify change or affect the orig~nal liability of ~he AhORiGAGOR herein, either in whole or in part. 10. It is specifically agreed that time is of the essence of this contrxt and that ~no waive~ of a~y obtigation hereu~der or of the obligation se- ctired hereby shall at any tirr» th~reaher be held to be ~ waiver of the terms hereof or ot the instrumeM secured herby. 11. In add~tion to the forego:ng monthly payments of princ"pal and interest required by the promissory no!e secured hereby, mo=lgagor covenanfs and agrees to pay to mortgagee with each monthly payrnent an add~rional sum estimated by mortgagee to be equal to 1~` 12 of the annual cost of the folbw- ' ing: A-All real property taxes levied w assessed against the a6ove described resl estate. 8-Prem~u~ns on fire and vrindstwm insurance as herein requ:red to be carried on the improvements situate on the above descr7bed premises. C-Premiums an sucF? mortgage guaranty insurar~ce as mortgsgee shall from t~me to time deem fit to carry on the loan secured hcreby. Mortgagee sfiall from time to time notify mortgagor in writi~g of the amount d~e and payable hereunder and such sum shall thereupon be due and ~ payable on the due date of the next monthly payment and each successive month thereafter ur.til mortgagee shall notify mortgagor of a change in uxh amount. Such sums shall be applied by mortgagee toward the payment of real property taaes, insurarxe prem:ums, and mortgage guaranty inwrance premiumt. ~ IN WITNE55 WHEREOF, the said MORTGAGOR has hereunto xt his hand and seal the day and y first afwessid_ j $iy Se led and li in ihe presence of: ~y~~_ `-~.a ~ Piv c~ ~ s ~ •n ~ cs.~n ~ ~ ~ STATE OF FLORIOA ~ ST . LLJC IB ! courrnr oF ~ eefo~~ rrw ptrwnslly appesred Miehael C. Rhodes Sandra D. RfiOd@s his wife, to me well know~ and known to me to b~ rhe individwb described in and who ~xecuted the forpai uutrumsnt and acknowledped befwe me that they executed th~ same for tM pwpose~ ~ rlx..in .:pr.ssed. Md th. sa. ~Sandra Rhodes ~ wife of tM said C a! . !s ~pp~ ~ s~p~r~t~ ~rd p~iv~t~ exam~nar'wn by me tsken separat~ and apa'rt from hcr said husband, +ck~owkdged b~nd before me that ihe executed said inst?ument freely and wlun- ~ ~ eerdy and withovt any compulsion, constraint, apprehens~on. r fear of a from her ~aid husband. ~ WITNESS my F~and and official seal thi day of ul ~ p. 1969 ~ j ~ Notary Public in and fw tFK Stat~ of Florid~ ~t lar~ My Comm~uion tapires: ~ Rtfurn Ta " " ~ ' fint fsderal SavinDs 3 toan ll~wciatan ~ . . w~ ~ ~ ~K M„ coaw~s~;a, E~i~ sa~t. 23, ro69 or Fo., P;~.~e. ~ , Fo+t Pierce. Flaida ~ L M~ M Aw~r~ Fiw ~ Cr~dr G- _ . - ; ! ; ~ Z ~ = - - F~lEO AND RECOROED ~ - - ; ; ST. LUCIE COUNTY FLA. - ' q~_C~Rn 4FR~~I~G r=: This Instrument Prepared By .IOh~,` 1~?J ;.Cg113~ ; ~ ~ First Federol Savings E~ loan Association ' • ~ ' Flozida ~i ! ~ of Fort Pierce~ , c, ~ ~ ~ ~ '69 JJL 16 AM 9:58 ~ Checked By ~ e~~L~ ~QGrR rOtTF?A5 ~ 0 R ClE K CIRCUIT COURT 7 ~~235~ ~ ~ eoaxl 8 ; . . . ~ ~ } : - _ ~ ~ ~ x - ~ ~ .tl ~~~=~,..~_.~~.~~?~_..F~ . .x.f..~~~