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Home My WebLink About1639 3. To pt+ce and continvously ke~p o~ the bu~ld~ngs now w hereafttr sitwt~ on said land and on all equipment and perso~aily covered by this mort~- F ~ge, w7th ~II premiums the~eon pa~d in fvit, fire insur~nce in ~hs usuat s~andard policy form, in a ium approved by the MORiGAGEE, end winds~orm ` insursnce in ~he u~uat standa~d po~~cy form, in a sum approved by the MORTGAGEE, in s~ch company or compa~ies as the MORTGAGEE may dinct; ~nd all (ire aod w~ndstorm insuraota poliuei on anY of ssid build~~~, ~ny i~~erest therei~ or part thereof, in the agflre9a~e sum afwesaid w i In exceu 1lrrreof, ihail conuin ths ususl standard mor+gage~ ciause a such o~her daus~ si the Mortgagee may requ«e, makirg the los~ unde~ sa~d poli- ues, each and every, payable w said MORTGAGEE as iti intere~t may appe~r, ~nd each and every such pol~cy ihatl be promp~~y au.yned and delivered to any held by said MORiGAGEE as (ur~her security to said monpage debt, snd, not lau than ten (10) days in advance of f!,e expiration of each policy, to dr live~ to taid MORTGAGEE a renewal thereof, toge~he~ with • receipf for the premium of iuch re~cwat; and there thall be no f~re o~ wind~torm in~u~ancs pl~ted on +ny of said buildi~s, any i~lere~t therei~ w pa~t thereof, unles~ in the form and with the loss payable as afwesaid; and in tha evenl sny sum of money becomes payaW~ unde? such policy a pol~cies uid MORTGAGEE ~hall have rhe option to rece~~•e and apply the same on accouN of the indebted- ncsf secured heroby or 10 (xrmit said MORTGAGORS fo receive and use it w any part thereof ior orher pwposes, w~thout th_.tb~ waivi~ra or ~mpair- ~ iny any equ~ty, IiM w righl under w by virtue of lhii matg~ge; ~nd in ths evenl ia~d MORTGAGORS shalt (w any reaso~ fail to keep fhe said premises ao ? insured, or fail to del~vcr prompNy +ny of said policie~ of insurance to ta~d MORTGAGEf, w fa~l prompfty fo pay fully any premium the~efw a in a~y i respect fail W pafwm, dixharge, execute, eifoct, complete, comp~y with and abide by this covenan~, o~ any part hereof, said MORTGAGEE msy p~~ce and pay fa such insurance or iny put thereof without waiving w ~f(ectiny +ny option. lien. equity, o~ ~ight under or by virtue of this Matgs9t. +nd the full amount of each and evtry such payment shall be immediately due and payable ~rxl shall bear interesl from the date thereof ~ntil paid at tM rate ol nine per centum pe~ annum and to~e~her with such iNerest shatl be secu~ed by the tien of this morrgage. 1. To permit, oommit o? suffer no waste, impairment a deteriwation of ui~ property o~ any pa~t the~eof. S. To pay sll snd sinyular the costs, charges and expenus, including s reasonable attorney's fee and costs of abst~ads of title, incu~red or paid at any time by said MORTGAGEE, because or in the event of the fa~lu~e a? the part of the said N10RTGAGOR to duly, promptly and fully perfwm, d~uharge. exec~te, etiect, complete, comply w~th and ab~de by eech •nd every ~he stipulaf~ons, sgreements, conditions, and covenants of sa~d promissory wte and this mortgage any o~ e~~her, and said costs, charges and expenses, each and evey, shall be immediately due and payable; whether w not there be notice de mand, atiempt to co~kct or suit pend~ng; and the full amouM of each and every such paymem shall bear interest from ~he date thereot until paid at the rate oi ~ine per centum per am~um; and all said costs, charges and expenxs inturred or paid, :ogether w~th s~ch interesL shall be secured by the lien of thi~ mortga9e. 6. Thst (a) in the event of any breach of Ihis Mortgage or default on the part of the MORTGAGOR, or (b) in the event any of sa~d s~ms of money herein referred to be not promptly and iully Faid within thirty (3t~) days nex~ after the same severatly become due and payable, without demand o~ not~te. or in the event each and every the stipulatio~s, agrcementf, conditiona and covenants of sa~d promiswry note and th~s mortgage any w ei?her are no1 iuly, promptly and fully performed, d:scFwrged, executed, effec~ed, completed, complied w~~h and ab~ded by, then in either or any such event ~M said 9regate sum mentioned in said p+omissory note then remaining' unpaid, with interest accr~ed, and all moneys secured hereby, shall Cecome dw and pay- eble forthwiih, w therea!ter, at the opt~on of saic! ARORiGAGEE, as fully and completety as if all of the said sums of money were wiginally stipulated to be paid on such day, a~ything in sa:d p~omissory twte or in this Mortgsge to the contrary notwithstanding; and thereupon or thereafter at tM option of said MORTGAGEE, w+thout notice w demand, suit at law or in equity, tlxrefore o~ thereaiter begun, may be proxcuted as if all moneys secured hereby had m~Wred pnw 10 ~ts institution. 7. That in the event that at the beginnirg of or at any time pending a~y suit upon this Mortgage, or to foreuose it, or to ~efwm it, or fo e~forc~ payment of any claims hereunder, said MORTGAGEf shall apply to the Court hsving jurisdittion thereol fa the appointmenl of a Receiver, suth Court shall Fcrthwith appoint a receiver of said mortgaged property all and singular, includ~ng all a~d singu~ar the income, profits, issues and revenves trom whataver source dcrived, each and every of whKh, it being expressly understood, is hereby mortgaged as if spec~fically xt fwth and deuribed in the yranting and habendum clauses he~eof, and such Receiver shall have all the broad and effective funU~ons and powers in anywise entrusted by a Court lo a Receiver, and fuch appointment shall be made by such Court as an admitted equity and a matter of absolute right to said MORTGAGEE, and without refercnce 4o the adequacy w inadequacy of the value of the property mortgagcd or to the solvency w insolvency of wid MORiGAGOR or the defendants, and that such ren~s, profits, income, iuues and revenues shall be appiied by such Receive~ according to the lien or equity of wid MORTGAGEE and the practice of such CouA. 8. To duly, promptly and fully perform, discharge, execute, effect, complete, comply wilh •nd abide by each and every the stipulations, agreements, conditions and covenants in sa~d promissory note and this mortgage set fath_ _ 9. That in the event the ownership of the mortgaged premises, w any part thereof, becomes vested in a person other 'than the MORTGAGOR, the MORTGAGEE, its successors and assigns, may, without notice to the MORTGAOR, dcal with such successor or successw in interest with reference to thi~ mortgage and the debt hereby secured in the same manr~er as wilh Mortgagor withouf in any way vitiating or dixharging the Mortgagori lisbiiity herr under w upon the de6t hereby :ecured. tJo aale of the premises hereby morfgaged and no forbearsnte on the part oi the MORTGAGEE w its suttessors or assig~s and rro extens~on of the time for the payment of the debt he.eby securcd given by the MORTGAGEE or its :uccessors w suigns, sfiall operate ta release, d~xharge, modffy cF~ange o? affect the orig~nal liab~l~ty of the AM1ORTGAGOR herein, either in whole w in psrt. ' 10. It is speuftcally agreed that time is of the euence of this contract and that no waiver af any obligat~on hereunder w ot the oblgatan sr cured hereby shall at any time thereaiter be held to be a waiver of the terms hereof or of the instrument secured herby. 11. In add:tlo~ to the forego'ng monthly payments of princ'pal and interest required by t!x prom~ssory note secured hereby, mortga~or tovenants ~ and agrees to pay to mo:tgagee with each monthly payr;xnt an addi~ional sum est~mated by mortgagee to be ea~al to 1/12 of the annual cost of the tollow- , ing: - - - - - - - - A-All real property taaes levied or assessed agaiost the above described real estate. B-Premiums on fire and windstorm insurance as herein requ~red to be carried on the im~rovementa sifuate on the above described premises. ~ C-Premiums on such mwtgage guaranry ir.surance as mortgagee shal( from t~me to time deem fit ro carry on the loan secured hereby. i Mortgagee sha!I fram ti~ne to time r.otify mortgagor in writing of the amount due and paya6le hereunder and such sum shall thereupon be due and ; ~ayable on the due dare of the r.ext monthly payment and each successive month thereaiter ur.til mortgagee shall notify mortgagor of a change in such ~ aR~ount. Such sums sha;l be applied by mortgagee toward the payment of real property taxes, insurartce prem.ums, and mortgage guaraniy insurance ~ p~emiums. IN WITNE WHER~OF the sa~d MQRTGAGOR has hereunto sct his hand and seal the day and year first afuesaid. ~ $igned, 1 nd iver ~ presmte of: ~ h ~ - I o~ ~SlO~ ~ ~ r~,~ 1 STATE Of FLOitIDA t couNrr oF S t. Lucie - Befwe me personaily appeared TOIIIIIIy C. T homp s on ~ e ' • ~ Sharon L. ThompGon his wiie, to me well kRaijrei'{nd:keiowin to ine~io'bs the individwls deuribed in and who exewted the fwegoiny instrument, and acknowledged befwe me that they execWed~.d+e saRK fp.ih! purp~ses ~ therein exP.~s~d. n~a t~ said Sharon L . Thompson : ~ ~ ; - ~ s d ~ Tommy C. T hom s on wife of tl~e aaed P ' rl'~PP~? ~~~°.~P~~~ examination by me taken separate and apart from her said husband, ackrawledgtd to and befwe me that she exetuted a~d,irtsuument ~te~ly_e~i~i~lutl-~ - ~ rarily and withovt ~ny compulsion, co~strsint, apprehension, fear of a from he? said husband. : ' _ ~6 .yr . ~ WITNESS my hand and officisl seal ~his r~ day of Decera~er ~~i~.~,~' n1 : (-~r~:c 3'ii..~~s~~~ , . • , ; ` Notary Public in and for the Siale o f~lo~'d~ at ~y~a ~ My Comm~ ~xpires: /y pED ~ : t . aero?n ro: /a - 3 - ~ _ ~ • . ; ' Fint Fedenl Savings a loan Aswciation F~L D AN~ RECOR : ~ ~ ST. LUC1E COUt~tY• ~A. - . t ~ Of Fort P~erca n V[R~F E ~s Fort Pierce. Flotida ~ ~ r ~ ~ ' ` D ~ las'~as ~ ~ ~ p g• I 6 ~ This Instrument Prepared By v~ Chastain ~~9 OLC ~ - eral Savin s~ Loan Assouat~on i Gl~" ° First Fed g ~ of Fort Pierce,Florida - ~ ~TRAS E' ~ 1 COURt ~ Checked By CLERK C~RC S ~ ~ d00K~~1 PACE~~~~ ~ ~l ~ - - . ~?y _ 9 ^k -~..a. ~ ~ . . . i . ..._i...._~