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Home My WebLink About0688 3. To place and continuously kcep on !he bui!d~ngs now or hereaiter ~~tuata on sa~d land and on aiS equipment and personally covered by this maig- ege, wi?h sll prem~ums ±hereon paid in ful(, fire ir.surance in the usual standard po1Ky form, in s sum eFproved by the MORiGAGEf, and windstorm insurance in the usual srandard pol~cy fo~m, i~ a sum app~oved by the A10RTGAGEE, in suth tompany o? companies as the MORTGAGEE may direch and all firc and w~ndstorm insurance polities on any of said build~ngs, any interesf therein or part ther¢~1, in the aggregate s~m afaesaid a~ in e~ccess thcreof, shall con?ain the us~a! standard mwtgagee clause or such o~her clause as the Mo~tgagee may reQu~re, making ~he Ioss under sa~d poli- c~es, each and every, payab~e ~o said h10RTGAGEE as iis imerest may appear, and each ar~d every such poi~cy shall be prompNy ass gned and del~vered ro any F~eld by said MORfGAGEE as fu~ther security to said mortgage debt, and, no? less Ihan ten (10) days in ad:ance of ~he expirat~on of each poli~y, to de- liver to said MORiGAGEE a renewal thereoi, toyether with a recrpt for the premium ol such renewal; and ~tezre shall be no f~re oi wiudstor~n insurance placed o~ any of said buifd~nys, any interest therein or part thereof, unleu in ihe form and wiih the loss payable as aforesaid; and in the event any sum j of money becomea payable under such polity or policies said MORiGAGEE sFw~ll have the op~~o~ to rete~ve and app!y the u~ne on account of the indebted } ness secured hereby or to pcrmll said MORTGAGORS to receive and use it w any parf H,c:eof ior o:i~cr pur,:oi~~s, .„~novt ih:~~o~ ~va~~~~3 0. ~~npafr- i ing any equity, tien w right under or by virtue of this mo:!gage; and in the event sa:d MOltTGAGORS sh~ll tw any reason fail to keep the said premisrs so } insured, w fail to deliver p~ompdy any of said polic~es of insurance to said MORTGAGEE, or fail promptly to pay tully any premi~m therefor or in any respect iail to perFwm, distharge, execute, tffett, tompfete, tomply with and abidr by this covtnant, or any part hereof, said MORIGAGEE may place and ~ pay fw such insurence or any part 1he~eot withou~ waiving or affecti~g any optio~, lien, equ~ty, o~ r~~ht undcv o~ by vir~ue of !his Mwtgage, and the full amovnt ~f eath and every auch payment sha11 be immediately dve and payable and shall bear intcr~s~ from the date thercof until paid at the rate ot nine per centum per annu~n and together with such inte+e:t shalf be srcu~ed by the I;en of this mwtgage. 1. Io permit, tommit or suffer no waste, impairment w deterioration of said p~operly w a~y part thercwf. S. To pay all a~d singular the costs, charges and expenses, including a reaso~able attorney's fee and ccses ot abstracts of title, incurred or paid at any tim.e by sa~d MORTGAG;E, because or in the eveN of the Failure on the pa~t of ihe said MORTGAGOR to duty, promprly and (ufly pertprm, discharge. exetute, e(Fecr, canplete, comp:~ w~th and ab:de by each and every the stipulat~ons, agree~~~ents, condit~ons, a~d covenants of said promissory note and this mortgage sny or e~ther, and sa~d costs, charges and expenses, each and every, shall be immed~atrly due and pa~ab!e; whefher w not ~here be no~~ce d~ ma~d, attempt ro collect or suit pendng; aod the ful! amount oi each and every such payment shall bea. in.re~esl fiom the date thereof until paid at fhe rate of nine pe? cer~tum per an~w:n; and all said costs, charges and ea,~x~.nses incurred or paid, toge~her wah such ~nterest, shall be secured by the lien of thi~ mortgage. 6. That (a) in the evem of any breach of this Mortgage or default on tF~ part of the AtpRTGAGOR, or (b) in the erent .any of sa;d sums of money herein referred to be not pianptly and fu11y paid within thirty (3J) days next aft~r the sa~ne severa:ly beco.~~e due and payable, without demand or notice, or (c) in Ihe event each and every the stipulations, agreements, conditio~s and covenants of sa,d pro~nissory note and th~s mortgage any or either are not iuly, promptly and fully performed, d+scharged, execu?ed, effet?ed, completed, compfied with and abided 5y, then in e~ther or any such erent the aaid ag g~egate sum menrioned in said promissory note the~ remainirg unpa~d, with intere;t accrued, and a:l moneys secured hereby, shall become due and pay- able forthwith, or thPreafter, at the opt~on of said MORTGAGEE, as fulty and compierety as il a!I of rhe said surns of money were onginally it~pulated to be paid on such d~y, anything in sa:d promissory note or in this Mwtgage to the contrary notwithstanding; ana thereupon or thereaiter at the option of said MORTGAGEE, w~rhout nonce er demand, suit at law w in equity, therefwe or thereairer begun, may be prosecuted ai if all moneys secured Ixreby had matured pnw to its +nstitut;on. 7. Tha1 in the event that at the beginning of w at any time pending any sui? upon this Mortgage, or to forectose it, or to reform it, or to enforce payment of any daims hereunder, said MORTGAGEE shall apply to the Couf~ having junsd:a~on thereof for tne apHO~ntmeM of a Receiver, such Court shaft Forthwith appoint a receiver aF said mortgaged prooerly al! aod singular, incl~d~ng ~U and singu~ar the income, prof~ts, issues and revenues from whatever source derived, each ar.d every of whrch, it be:ng expressty unders~ood, is hereby mor~gayed as if speui~catty set forth and described in the qranting and habendum c!auses hereof, and such Receive• shall have atl the broad and eNec~ive fun~t,o~tis and powers in anyw~ze entrvsted by a Cou~! to a Receiver, snd such appoiroment shall be made by such Court as an admittei! equity and a matter of absot~te rigM to said MORiGAGEE, and witbout reference to the adequaq or inadequacy af the value oi the prePerty mortgaged or to the w+verxy or i~solvency of said 1JlORiGAGOR or ~he defendants, artd that such rents, profits, inco~ne, issues and revenues shall be applied by such Receiver actord~ng to the lien or eq~ity of said MORTGAGEE and the practice of such Court. ~ • ~ 8. To duly, promptly and fully perform, d~sc~arge, exrcute, effect, complete, comply wi~h and abide by each and every the stipuiations, agreements, conditans and covenants in said=promissory nofe and this mortgage set forth. 9. That in the event rfee ownership of the mortgaged premists, or any part thereof. becomes vested in a person a/her 2han the MORTGAGOR, the MORT~AGEE, its s~ccessors and.ass~gns, may, wi~hout notice to the MORTGAOR, deaf with such successor or successw in interest with reference to lhis mortgage and the debt hereby secured in the same rttanner as with Mortgagor without in any way vit;at±ng or d+schaiging the Nbrtgagon' liability here- under or upon the debt hereby secured. No sate of the Fremises hereby mortgaged and no forbearan~e on the par~ of the NIORIGAGEE or its successors or assigns and no extens;on of the time for the payment of the debt hereby secured g~ve~ bv the MORTGAGE~ or its successors or auigns, shall operote to release, d~scha~ge, modEfy change or affect the orig~nal tiability of the MORTGAGOR herein, eit}xr in whote o. in part. - 10. It is specifically agreed that time is of the essence of this contract and that no waiver of any ott~gat~on hereunder or of tht obfigation sr ~ cured hereby shal{ at any time thereafter be held to be a waiver of the terms hereol or of the instrument secwed herby. , I1. In aod;rto~ to the forego:ng moothly paym>nts oi p~rinc pat and interesr required by the prom:ssory nore secured hereby, mortgagor covenanrs and aQrees to pay to m.o:fgagee with each monthly payrnent an add~~ional sum esu~,a+ed by mortgagee to be equal to l; 12 of the an~~ual cost of the follo~+r- ;ng: . A-All real property taxrs levied or assessed agai~st the above described real estate. B-Pre~r.~~ms on f"ve and windstorm insurar.ce as herei~ requ~red to be carried~on rhe ~mproveme~ts s~tuate on the above destr;bed premises. C-P~emiums on such mortgsge gua~anty insurar~~e as mortgagee- shaU from tlrp¢ ~o time deem fit to carry on t!x loan secured hereby. - Mortgagee shail from time to time notify mortgagor ~n writing of the zmount due -and payable hereunder 3nd suth sum shall thereupon be due and payable on thc dve dafe of the next monthly payment and each successive month thereaficr ur.tit mortgagee shall notify mortgagor of a change in such amount. Such sums sF.a:l be applied by mortgagee toward ihe payment of real property taxes, insurance prem:ums, a~xf mortgage guaranty insurance premiums. • IN WITrlESS Y~HEREOF. the said MORTGAGOR has hereunto set his hand and seal the day and r(irst aforesaid. Sg , Sealed an de " r' i he presence of: r~ - ap • (Sea4 i Seap ~Seal) STATE OF FLORIDA ~ courvzr oF ST . LUC IE ~ eefore me personally appeared George Tinclal i~ E l len C. T inda 1 his wife, to me well known and known to me to be the individuals described in and who exetuted the foregoing instrument, and acknowiedged before me that they executed the same fw the purposes therein ezpressed. And the said ~illen C. Tinctal wi(e of the said g Geor e T i n da Z ~~o ~~~~~4,a~ ~,~~~te examination by me taken separate and apart f~om her said husband, acknowledged to and before me that she executed said icq(ry~ient fr~l~ ip~1 volun- tarily and w~thout any compulsion, constraint, apprehens~on, o~ fear of w from her said husband. `•'t•••••..,-~~~ W!TNESS my hand and official seal thi 2f day of A r 11 ~..L' ~b J~~(~ U} G,f~ t;t~?iF..~lTj~nl L' i,t~,C Y Notary Public in an~t~ ~•t~~e. _ L v.~ : Fi~a~B~~r~oaROEt~rr::,~:. ~ ~ ~ -1_~=` , ; ~ ~ = ~~az~ 7~ c~ ~ ~ 1 ST. LUCIE COUNTY, F'LA~; : - . . Q = <c~'`~ ~ o _ _ ~ 2 ~ ~ ~-:r.~n~~ .,ERI~i~~ ; • `c ' ~ `t`) ~ ~ N ~ c~ ~;-Tr. : ~ _ ' ~ ` P.~. t90+33 ~ - ~J~r~)VJ ,,s ~i,.~~~~~~ ~ '1Q APP, 2 7 1U~ 9: y - John [i. Collins ~tc.l~ Th~s Instrument Prepared By t~-~' rr I First Federal Savings ~ Loan Association ^.O~E? i-p'; ,~g • of ort Piercc~ Florida CC.ERK CIRCUIT COURT Checked By . , BQOK ~04 PA6E.~ ~$8 r' t_