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Home My WebLink About2165 y ~ ~ l i . 3. To pl~u ~nd continuously kkp on tM buiidinys now a h~rt+Na utv~tt on taW land ~~?d on sll equipm~~t and p~rwnaliy cov~red by thi~ mat¢ ap~, with ~II premi~ent tl?e~wn {»Id in fuli. fir~ le?i~rartc~ i~ th~ uswl itandard policy form, in a wm app~ov~d by tM MORiGAGEE. ~nd wind~tam inw~+nc~ in tM ~+swl s~~ndard pol~cy fam, in a sum ~pproved by tM MORTGAGEE, in wch compu~y w comP+n'es +s tM MORTGAGEE m~y di~estj ~nd ail fir~ ar~d wir+dsrorm iruw~nc~ polici~s on aoY of uid build~s, aoy inar~s~ ~hmein or pan ~Mreof, in tM apyrc9ats sum ~for„aiii a In ~xoess Iher~of. ihell contain the usual ~~andard moreyapN cisusa w iuth othK clavt~ as tht Mortype~ may req~in, makinp tM lo~f under uid polF cie~. each ~nd every. paYabk ~o said N10RTGAGEE as its interest may app~ar. a~d ~ach and ~v~ry s~ch policy iha~l b~ promp~ly ui:qned and dtlivKed to an~r MW by iaid MORTGAGEE ~s funher securiry to said matya9a debt, and, no~ lesf tMe ten l10) days in advance o( the ~xpu+t~on of each pslicy, ro da liwr to iaid MORTGAGEE a renewal theteof. to~t~F?a with • reuipt fa tM pr~mium of s~rch r~newal; and ther~ sFNil b~ no fire o~ winduam i~uuru+c~ p~:ced an seiy of said buildin~s. sny interest ther~i~ a p~rt tM~wf, w+leu io the form and with tFN loss paysble ~s afortsaids ~~d 1n ~M ~wM any wen of ~ar»y bscome~ pay+ble uode~ s~ch polky w polic~ss s+id MORTGAGEE shall h~w tM o~tion ro receive and ~pply 1he sams on ~ccount of tM G+d~bted~ ness secw~d lietepy p tp permit said MORTGAGORS fo reoe~w u~d uss if w ~ny patt thereof fw othe~ purposet, without thereb/ waiving or unpair- inp any equity, lien or riyM uode~ w by virtw of tFw mort~~et ~nd in ths event ~aid MORTGAGORS ihall (or ~ny rcason fail ro keep th~ said pr~mius w insured, a fail Io deliver promptly ~~y of said polit:e!s of insur~nt~ to said MORTGAGEE, or fail promptly to ptr fuity sny premium tharafo~ ot in any respect fail to pafo~m, discharye, exec~te, eff~tt, compkte, comply with and abid~ by this cove~+aro, or ~ny ps?t hereof, said MORTGAGEE m~y plaa ~~d pay fw wch inwranc~ w any put thereof without wahriny w affectinp u~y option, li~n, equity, w?ight under w by virtw of this Maty~, and 1M full amouot of each and ewry uxh paym~eN shall bs irtwn~diat~ly ew and paysble ~nd ahall bear intereit frar. ths date tFKreof ~ntit paid at tM raH ol nine pst centum per ~nrwm and together with wch interest shatl be secvred by tM lisn of this matgape. 1. To permit, oommit a suffe? no wuta, knpairment a deterioratio~ of s~id proparty or ~ny pu1 thereof. S. To pay all se+d sinp~lu ths cosb, cMrp~s u~d expenses, includinp s~sasonable sttwney s fes and cosn of ~bstracts of title, incurced w p~id at any time by taid MORTGAGfE, because w in the eva+t of ti+s failwe on 1~ part of tM uk! MORTGAGOR to duly, promptly +nd ful~Y pe?fwm. d~x.tiaryR execvt~, ~ffeN, complete. canply with snd abidt by each snd every the stipulationa, agrecments, conditions, and covenanti of said promiuory not~ and chw mortgape any or eithe?. and saEd costs, ch~ryes and ~x{x+aes, each and tvery. sMll M imn?ediately dus u~d p+yable; whNher w ~ot ther~ bt ootia de~ mand, ~nempt ro collect or suit p~r?ding; and th~ ful! ~rnount of each and every such paymem ~hall be~. i~terest from ti~e dat~ th~reof until p~W at tF~e rate of nine per centum per annum; and ~fl said aosts, cMrpes and expenses inevrred w paid, togelher with s~th interest, shall b~ secwed bp ti» lien of this mortyaQ~. b. That in the ~vent oF any bre+ch of this Morty~ye w default on tfie part of rhs MORYGAGOR, w(b) in the eva+t ~ny of said wms of money herei~ reterred to be not promptly and fully paid within thirty (30) dsys nexf after the sam~ seve~atly become due and paysble, wi~lc~ut dtmand a notit~. or S~ in the event each arxl every the stipulatioos, ~grsema~ts, conditions and covenann of sa~d promissory note ~rd th~s mortpaye +r~y w ather ar! no1 ~uly, prompty snd fully perfwmed, d~sch:r~ed, executed, effected, completed, canplied with and abided by, then in sither a any such w~nt 1M s+id gregate wm mentiaxd in said promiuory oote then ~em+ining unpaid, with interest acuved, and all moneys secvred hereby, shall beeane dw ~nel pay- able fo~thwith, a thereafter, ~t the option of said MORiGAGEE, st fully snd completely ~s if •II of the wid sums of money were originally atipu~~ted to be paid on such day, anything in said promissory ~ote or in this Mortgaye to the tontrary notwithstandirg; s~+d thereopon w thereaha at tia optan of •aid MORTGAGEE, without rwtice a dema~d, wit +t law a i~ eqvity, tFKrefwe or thereafter begun, may b~ prosecuted as if sl) ma~eys stcured haeby had matwed awr to its irotitution. 7. ?hat in the event that at the begiru~ing of or ~t any time pendirg ~ny wit upon this Ntartgsge, a to faeclws R, or to nforen if, o? to u?fora payment of any claims hereunder, ssid MORTGACaEE shall apply to the Court havire~ jwiul~ction thereof for the appointment of • Receiver, s~ch Court shall fwthwith appoint a rece~ver of said morfyaged propErhr all ~nd sinpvlsr, includu+g atl aod singula~ the income, p~ofits, issues and reveni~es from whatever source derived, each +nd evHy of wFiKh, it bei+g exprr.sly unde~stood, is hereby mortgaged ss if apeciFically se~ fath and described in the p~antinp and habendum dauses hNeof, and such Receiver shall Mve sll the broad and effective funct~o~s ar.d powers in ~nywise entrusted 4y a Court to a Receiver, ~nd such appointrtKnt sFiall be made by wch Court u an admitted equity and a matter of sbsolute rigM fo said MORTGACaEE, u+d withouf nfetence b 1M adeq~acy or inadequacy of the wlve of the propsrty mortg~ged u to the sotvency a insolveacy of ssid MOR7GAGOR a the defendants, and that svch rents, p?ofits, income, iuues and ~evenues sh+ll be applied by such Receiv~r ~ccordinp to ths lien or equiry of said MORTGAGEE and the practiu of wch CovA. 8, To d~ly, promptly and fvlly perforn?, d'acharge, execute, effect, complcte, comply with and abide by each and every the stipulations, ~greemenb, conditions and covens~ts in uid promissory note and ~his mortgage xt forth. 9. That in *he event the ow~nhip of tha mortgspad premises, w any psrt thereof, becomes vested i~ • penon other thsn the AItORTGAGOR, tM MORTGAGEE, its successors and augns, msy, without notice to ihe MORT6AOR, aeal with such wccessor w suaesaor in interest rvith reference ro thq mortgage and ihe debt hereby secvred in the same manner ~s with Mwtgagor without in sny way vitiating a disthsrging the Mortysgws' liability het~- - under a vpon the debt hereby iecured. No wle of tM premisea hereby mwtgaged and no forbcara~ue on the part of ihe MORTGAGEE o? its svccesson or auigns and no exunsion of the time fw the payment of the debt hereby secvred given by the MORTGAGE: w iti succ~ssors or auiyiu, shall op~raN ro release, dixharge, modify thange or affect the aiginal liability of the MORTGAGOR herein, either in wFala o? in psr1. 10. It is spetifically agteed that time b of the euence of this contract u+d that no wsiver of any obligat~on hrreunder a of tM oblg~tion se- cured hereby shall at any time thereafter be held fo be ~ w+iver of the tetms hereof w of the instrument seswed herby. ~ 11. In addition to the forego:ng monthlY paymenri of princ'pal and interest' required by ths promisswy note sen?red hereby. mwtgagor coven~nfs and agrees to pay to mortgagee with esch monthly payment an addirional sum estimated by mwtgagee to be equal ro 1/12 of the annwl cost of the follow- ing: A-All real property ta:es kvied or auessed against the above dewibed real estate. ~ B-Premivms on fire and windstorm insurance as herein reqv~red to be carried on the improvemenri sitvate on the above desaibed premises. C-Premiums on such mortgage gwranty insurar~ce as mortgsgee shsll from time to time deem fit to urry on the loan secwed hereby. i Mortgagee shall from time to time notify mortgsgor in writing of the amouM due and payable he~eunder and suth sum shall therertpon be dus ~nd payable on the due date of the next monthly payment and each successive month thereafter until mortgagee shall notify mortgagor of s charge in wch ~ amount. Such sw~ns sF.all be applied by mwtgagee toward the payment of real properfy taxes, insurance prem:ums, and mortgage ywranty inswanoe premiums. ~ IN W E55 WHEREOF, the id GAGOR has F~ereunto set F~is hand a~d seal the day and ytu fint aforesaid. ~ aled r. de ' presenoe of: f a C ~ - 0 . . ' ~ ~--n STATE OF FlOR1~A ~ St. l.ucie cour~n oF Before me pe?son~lly appesnd Ct~a?rles B. Rarqo ,r,d Naoai ~Rargo his wife, to me well known ~rd known ta rrr eo b~ the individwb described in and who executed ths fore~oinp instrwnent, and ~cknowled9ed beforo me th~t they executed the same for the purpwes rn~.~~, .xa~a. a~d t~ .~~a Naomi Rarao # w~r~ or rt,~ ,.~a Charles B. Fargo ':,,a examination by me take~ separate snd apart from her qid Iwsband, ~du~owledged to and befor~ me tFWt shs executed s~i¢ and vdw~- tarily and without any compulsion, constraint. ~pprehsnsion, or fea of or from hcr said hutb~nd ~~'~~.~~~-:=i;'; ' WITNESS my har+d and official seal thi~~`~ rJ~ day of OCtOb@Z ;~.1V~.•_'_~~_~~~~'{q 69 ~ - r . - , ~ - • ;.`-r"tf~ _ * .~'G ~~.o~Lr~sL ~ ~ ~ ' . Not~ry Public in rd for fht KatS,y~o~1l~l~!?~ : R~~,m T~: FI~ED AN~~~~'~"a` 1j;,~~_~~ ; Firti Fedeal Ss~~~s a~wn ~wc~ata~ ST. LUCIE COUNT~ FFLa. ~(,t{~ '.~3~7 ~ ;~:_~~an v~~t. ~ ' : _ _ Of Fort Pierte. , ig49~~- ` r~t~," ' ~ ~-'r : . . Fart Pierce. Flwida . ' ~69 ~rj 28 PM 12: 59. ~ ~ This Instrument Prepared By RiChard K. Kayes ; First Federal ~avings b Loan Association r n„~-„ ~,p1 _ ~ of fart Pierce~ Rlozida CL~RK CIRCUIT COURT Chedced By ~ SOOKI~O PACE~,1~ cf ~ ~ - - . _ .zz'~"m ~ ? - . . ~