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Home My WebLink About0140 9. To place e~d coMinuous~y kcep on ~he bu~!d~ngi now w hereafte~ situats on said land and on all rquipment and personelly covered by thi~ matg- sg~, with •II premiums thercon pa~d in full, tire insur~nco in the uaual standerd po~icy form, in a sum approved by the MORiGAGEE, and wind~to~m insuranc~ in ths usual s~andard pol~cy fwm, in • sum approved by the N10RTGAGEE, in iuch compsny or compan~es ai Ihe MORiGAGEE may d~recl; and all tiro ~nd windsto~m iniwante po~kies on any oi said build~ngs, any interest therein or psrt Ihe~eof, in tM aggrega~e wm aforeseid o~ in exceu ~hereof, shall coroain ~he usual s~andmd a~orrgaqe~ clause o~ wch other clause a~ ths Mortpsgse may requ~ro, matin~ the loss under ~a~d poli~ cies, each ~nd every, payab~e to said MORTGAGEE as its interes~ may appe+r, ~nd each and every such policy shall be promptlY ass yncd a~d delivered to ~ny held by se~d MOR!GAGEE as fur~her ~ecurity ~o said mor~yage debt, and, not less thsn ~en (10) day~ in advance of the exp~rs~~o~ of each pulicy, fo dr I~ver to said MORTGAGEE s renewal thereof, together with a receipt fw the prtmium of tuch renewal; and ~he~e ~hall be no i~re o+ wi~~dstor~n insuranc~ placsd on any of sa~d build~~gs, any interest therein or par~ thereof, unle~s in th~ fo~m ~nd with the toss payabte at aioresaid; +nd in the eveM any sum of money becomes payable under such polity or policiss said MORTGAGEE shall havs tM option to receive ertd app~y the same on accounl of ~he indebted- nrss secured hereby w to permit said MORTGAGORS to receive •nd uis it or +ny part thcteof for othcr pwF•osrs, ve~~ho~t thmu~ wa~vl.y o~ :~npa~r- ing any equ~ty, I~e~ a righl under w by virtw of this mortyafle; and i~ Ihe event ~a~d MORTGAGORS shatt ta any rea}on (ail to keeF ~Fx said p~em~~es so insured, or iail to delive~ promplly any of said polities of insurance 1o ssid MORTGAGEE, w fail promptly to pay fuily any p~e~n~~m therefp w in a~y refpect (aiI to per(wm, discharge, execute, effect, complete, comply witfi and abide by thii covenaM, or a~~y p..r~ hereol, sa~d MORTGAGEE may pl~ce ar.d pay fw such insurance or any parl thereof without waiviny w•ffectiny any op~ion, lien, eqvity, a rigM under o? by virtue of.th~s Mo*tgays, •nd tAe full •mount o( each and every such paymr~l fhall be immediately due and payable and shall bear intereal from the date Ihereof until paid e1 the rar~ ol nine per centum per annum and toge~her with such interes! shall be secured by ihe lien of thit mottpage. 1. To pe~mi?, commit or sutfe~ no waiti, fmpairn+ent or deterioration of said property p+ny parl thereof• 5. To pay all a~d iingular the costa, charyes ~nd e:pe~us, including a~easonable attuney's (ee and cos?i of abstracts of titte, incurred or paid at any time by said MORiGAG:E, because ot in Ihe sveM of the failure on 1he pa?t of Ihe said MORTGAGOR to duly, promptly and fu~ly perfpm, diuharge. execufe, effect, complere, comply w~th and ab:de by each and every the stipulanons, agreen,ents, cond~tions, and covenan+s of sa~d prom~ssory note a~d th~s rno~tgage any or e~ther, and sa:d costs, ch+rqes and expenxs, each and every, shall be immed~ately due and payable; whether w not there ba nohce dr n,and, attempt to co~tect or suit pe~~d~rg; a~d ihe full amounl of esch and e~ery svch payment shall bea~ interest from the date thereof until paid st the rate of nirx per centum per anuu:n; and all said costs, charges and expenses incurred w paid, Iogether wah tuch interest, shall be secured by tAe lien of thit mart9ay~. 6. That (a) in the event of any b~each of this Mortgaye or detaulr on the part of ~he MORTGAGOR, or (b) in the event any of satd sums of money herein referred to be not promptly and ~ully paid wi~hin thlrty (30) days ~ext afrer the same severalty kxcome due and payable, without demand o~ notice. er (c) in the evem each aod every the stipulations, sgrecments, cond~tions and covensnts of sa:d promiswry note and th.s mortyage any or either are no1 i~ly, prompdy e~d I~IIy perfo~med, d~scharged, eaecu~ed, effected, compieted, compGed w~th and ab~ded 5y, then in mfher or any such evero ths said ag g~egate sum ment~oned ~n said promissory note then remaining unpa~d, with interest accrued, and atl moneys secured hereby, ~hall become d~e and pay- ab'e fwthwith, or ~hereafter, at the eprion oi sa~d MORTGAGEE, as fully and completely as if a~l of the sa~d sums of money were w~ginally i~ipulated ro be paid on svch day, anything in sa.~ pro~r.~sswy note or in this h1o?tgage to the contrary notwithstand~ng; and thereupon or thereafte? al the option of sa~d MORTGAGEE, w~thout no~rce or demand, suit at law or in equity, thereiore or thereafter begun, may be prosecuted as if all moneys setured heroby had maWred pnw to ~ts instit~tion. 7, lhet 7n the event that at the bcglnn~ng of or a~ any time pcnd~ng any iuit upon this Mortgage. a to forec~ose it, o? ta reform it, or to enforc~ paymeM o1 any cla~ms he•eunder, said MORTGAGEE sha:l apply ro the Court Mving junsd~ction thereof ~or the appu~ntment oF a Receiver, such Court ahail !c~!hw+th appo~nt a receive+ of sa~d mortgaged property all and sinyular, inctud~ng all and singu+ar the income, p~of~rs, issues and revenves Irom whate~er seurce dm~ved, each and every of whkh, ~t being expressly understood, is hereby mortgaged as i4 speaf~cally set fo~th and deunbed in the granting s~d habendum clauses hereof, a~d such Receiver shall have all the broad and effective fur.ct~ons and powers in a~yw~se ent~usted by a Cov.t to a Receiver, and s~ch appointment shall be made by such Court as an admitted equity and a rrHtter of absolute rigAt to said MORTGAGEE, end wirhout reference to the edequacr or ~nadrqvacy of the val~e of the property mwtgaged or to the sowency or msoivency of te~d MORiGAGOR a the defendants, aRd that such renrs, proiits, income, issues and revenup shall be applied by such Receiver accord~ng to the lien w equ~+y o1 sa~d MORTGAGEE and the pradice of such Court. 8. To du7y, prompt:y and fully perfwm, dis~harge, execute, effect, complete, comply with and abide by each and every the stipuletions, agreements, conditions snd covenan~s in sa~d promisswy ~ote and thif mortgage set fpth. 9. Th~t in the event tne ewnersnip of ine mo~tgaged p~en~iid, w eny pa+~ lititreoi, bxomes vfsted in • perso.t ctFtier tt,ar t!~.a k!'JRTL'sA~2, tha h+.ORTGA~,Ef, its successws and ass~gns, may, w~ihout notice to the M~JRTGAOR, deal with sucfi successw w successo~ in interest with reterence to this n•o~rgage ar+d the debt hercby secured in the same manner as with Mortgagw without in any way viYating or d~xharging the Mortgagori liability here- ~^der q upon the debt hereby secured. No sale of the premises hereby mortgaged and no forbearance on the part of ~he MORiGAGEE w its successws o. ass~gns and no extenvon o( rhe time for tha paymen~ of the deb~ hereby secured give~ by the MORTGAGE~ or it• successors or assigns, slull operate ro releau, d~scharge, modify change or affect the ong~na~ IiabJ~ty of the MORTGAGOR herein, eithe~ in whole or in part. 10. It is speufically agreed that time is of the esxnce of this comract and that no waiver of any obfigat~on hereunder w of the ob(iyatan sr cvred hereby shaU at any time thereafier be hetd to be a waiver of the terms hereof or oi the instrumem secwed herby. 11. In addnio~ ~o +he forego ng momh!y payments of prinCpal ar.d inre•est required by the prom~ssory no!e secured hereby, meatgagor covenanrs a^d agrees ro pay to ~~o-tgagec w~th each momh!y payrneM an add~riorisl sum estimated by mortgagee to be equal to 1; 12 of tne anr,ual ;ost of the follow- r.g: A-At: ~ea~ prope~ty taxes lev~ed or assesscd agai~st the above described reat estate. B- P~ar.•. u~ns on fire and w~ndsro~m inswar.ce as here~n req~:red to be carried on the imp.ovements situate on the above described premises. C--Prem:lurns on s~ch .norrgage guaranty ins~rar,ce as mortqagee shatl from t~me ro time deem fit to carry on the loan securcd hereby. Mwtgagee shaii f~c-r T~me to +~~u ~ot~fy mortgagor in writing of the amoum due and payable hereunder and such sum shall thereupon be due snd ~+vable o~ the due da!e of th~ ne¦t momh".y payment and each wccessive month thereaiter ur.til moctgagee shall nohfy mortgagor of a thange in such i a~~o~nt. Such wms s~al! be app'~ed by mortgagee toward ?he payment of real property taaes, ~nsurance prem;ums, and mcrtgage guaranty insurance ~ i ^~emiums. E IN WI P~ESS Y~H[REOF. she sa~d MORTGAGOR has hereunto set his hand and seal the day a year first atoresaid. ~ ~ S' , Seal nd ' e n the prexnce of: ~ ' ~ i - ~ ' ~ F F~ r...nc~s Boyci in ~ s, ~ sin~le .~dult ! ~0 ~ ~ STATE OF fIORIDA j ~ ~ s ~~~,yn, ~ St . :,ucie _ ~ Fr:~nres Uo;c'. J~nninc,s, a sinale »c?ult . S Befae me perw~ally appeared ~ ~ ~ l~~M, to me well known and known to me to be ~ th~ individv+l~ dew~bed in and who ezecuted the forcgoiny instrument, end acknowledyed befwe ~+e that 9hep executed the same fw the purposa ~ rherein expressed. -And ~i~e~«i ~ a~:is ~f~6e-s~i~t _ _ ~ -_ry~yyA~w~~'„'~N- e.errrwa~ion-6ry-r+~e-tskeir srpwale- and ~per~ ~row~ ~r ~id ~ssb~i.-e~w~~ b~ioer w» ah~F si+~ ~itA~'w~dr~i~!!~r~~Ml? rwd-v~hn?- ~ roni~ ~nd-vwN~«~ ~wy-u.wprl~i~rg tr~waiwtr ~PPKl~ews~ow -M1w ~f-~rJww~~-~~id lw»b~wd. ' ~ ~,...i~~~ ~ WITNESS my Mnd end ofFicisl uel +his _ day of =~P•~t c:~h i-`~~-~ ~;p. 19~_ ~ ~ atc..~cc.~. " ' ` ~ n ` ~ Notary Pub!ic in u~;~~:i ~ ~ . ~ ~ My Comm~»io~ ~qRpli~lL`-_ : _ ; i, ~ ~ . ' ~ R~,~,~ To: - ; y'• ~11I 0~: ~ ? ~ ~ ~ F~m Feder~l S+vinys 3 loan Assoc~at~on , ~ ~ ~ Of Fort Prrce F~~Q AND RECO,FEa~i}M~.~.-~ •Sf~(. 1971 F~~, o~°«<. F'~~~dd ST, I.UCIE COUNTY,.Ft,~ , s:• a c...r, c., ~ ~':CQR'~ VFRI~r J ~ 1984~5 Y-.~S-~~ This Instrument Prepa~ed By ,I, ~es Ch: stain r • ~ First Federal Savings ~ loan Association 10 SEP = s ~ ZT of Fort Pierce, F2otida ~ i Checked By ~ t~4~il~ POITRAS CL£RK CIRCUIT COURT aooK 187 140 ~ : _ _ _ _ _