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Home My WebLink About1772 3. TO p!ate and continuo~s~y I.eep oo ihe bui:dmgs now or heriaher 1~ivatr o~ s~~d land acd on dlf oqvipmenl ancl perso~aNy tovctrd by ihiti morlg• age, wnh aU pren,~u.»s thrreon pa~d in (utl, lire i~iwrance in Ihe i,su.tl srandarJ pol~cy lorm, in a wm a{.Nruved b~ Ihe MUIt~~~Al'~EE, .+~~d ..~nds~onn ~nsuiance in the usual ttanda~d poi~cy lonn, in a su~n approvrd Ly the h1pR1GAGEE, in tvch canpa~~y or co~~~i,~n~es aa ~hc tl+Ok1Gl1GEE may d~rect; and all ine and w~ndarorm inwrance pollc~rs on any of s.~~d buiid,nys, any in~ere~~ thrrein or pan the.cuf, in rhe aggr• yare iv~~+ a;oresaid o~ in excesa fhercwl, shal! conta+n 1he usual slmida~d mortgagee ciuuie or svch othe~ cla~se as ~he hlortyayee may ~equ,re, n~aiing ~h,r ~c•ss u~~der s nd poli- c~es, each and eve~y, payabie to sa1J A1vR1GAGEE as ~IS m~erest n,ay appear, a~~d each and every such poi~cy tiha? be prum~,tiy asi y~~~d ..~~J det~v~•~ed ro any held by sa~d h10R(G4GiE as turthe~ security to said r,rortga3e debt, a~~d. no? less u~an tcu Op) d~ys i~~ ~d.ance of ti,e ea~~vat~n~~ o! c~ch pol~cy, ~o de- livt~ to aaid A10RiGAGEE a rcnev.al thereof, toge~he~ with a rece~pt for the prer~u~m of such ~enewa'.; a~~d th~•re sl~~ll i,r nu f~re or w~~:J~ion~~ insv~ance placed on any of sald bu~!d~ngs, any interesl therem w part thereof, untess in the form a~,d with th~ toss payat~le as al~,resa~d: and i„ ri,e e~ent eny sum oi npney becon~es payab!e under fuch polity or po'~cies said MORiGAGEE ~hall have ~hr oNt~on ~o rece.~~vr ,~nd ..p~,ly tne ae~ne on accou~~~ of the i~~J~•i,~~J ness secured hereby w 1o permit faid MORTGAGORS to reCe~ve and u3e it o~ any na~l li,•r:~~of for o:i~•v y.uri :,1rs. .::ei,, .t !h :r ~ ~ i~,~p,.,• ing any equrty, fen ot r~gh/ undcr or oy virtue of this morrgagc; and m!he 2vent sa d MORT(;AGORS sha!I .'o~ any ~cason (ail to kccp ~hc sa~d prerr.;s_~s so iiisured. Or fail to delivcr promplly any af said polities o1 insurance l0 3aid MORiGAGEE, o~ f~r! promEstty to E~ay f~lly any ~~•c•~~,,,,•n thc;~•1er or in a~~y respecr lail to ptrform, d~scharge, eaecvte, ef(ec~, tomplete, comply with and ab~de by th~s covenant, or any p~.r h,.~rcof, sn,a! ldukf;;~iGEE n,.~y ~,iate a~a pey !w such infurance or any part Ihe~eof without waiving or affeUiny any op~~on, lirn, equ~ty, or ryih~ unde~ or b1 v~~tue ol iVus i~tortgage, ar,d thc i„il amoum of each and e.e~y such payment shalt be immediate~y due and payable a~~d shall bear interost fio~n the d~te ~hc~uot v~~fd p„~d at ~he rore ut ~~:~.e ~xr :rntum pcr annu~n •nd to3ethrr with fu<h inte:est sh~fi F•e sew~ed by the hen o~ ~h~s morlgage. J. To permi?, commit w sufftr np wa;te, impairment w dcterioration ot said property or an~ parl ther~of. 5. To pay all and s:ngutar the costs, charge~ a~~d expe~~ses, ~nuud~ng a reasonable attorney's (ee and cos~s of abs~~,,cts oi tl~!e, inc~~<<d or p:~~d a+ any tim,e by s~~d MORTGAGfE, because or in the eve~~t ot the (a~iure on rhe part of ~he sa~d MORTGAGOR to duty, p~u~r~HNy and f~^iy ~:~.fonn, d~sch.~~ye _rec~re, effect, canptere, co~r,ply w~~h and ab:de by e~th and every the s~~puiat~osts, agrermrnts, cond~tions, ~nd co.e„ants oi s~~d p~o•~,~,s,ry notc• a~:d ~I,~s •.ortgage any or e~the~, a~~d s~d coits, cha~ges and expenses, each and every, shall be immedialoly due and pa~•~~l~.e; ~h~~thcr or n~t ~h~•-e te ~~c,+~ce ctr ms~CJ, diteinpT to coilect or suit pend:ng; and the 1u11 amount of each and e~ery svch pa~~raent shal! bea~ n,r.,r.~s~ f~om the daie rhe«~of untit pa~J at tne te o' nine per ccntum per ar.:w n; eni: all sa~d cosri. charg~s and r~;x~nsc:s irK~rrrd ot pa~d. IoyMhcr wAh such ~n~riest, ahall be Si•Wre~ ~y :he I~~n o( th~f mortga9e. b. That (a) in 1h~~ evenl of a~y brrath of ihis Mortgage or def3ult on the pa.t of tf~e MORT~AGOR, or ;b} ~n ~he c~ent any oI sa d su~ns of money !~:~rein ~etrrrid to be not pr~mpt;y and fully paid wiih~n th,rty ~3J1 d,~s next asre. the san,e se~e~a:!y beco~~~e d~,e and pa~ob!e, w~~i,ou~ de~-~and or nct~cc, 1c) i~ the evem each and every the sr~pvlat~ons, agreemants, cond~iwns a~id covenams of sa.d promisw~y note anJ tf~.s mo~tga~e a~y or ~~ther ure ~iot ~.~'y, pro+~prly and t~,iiy ~rformed, d 1cha~ged, execufed. effrctrd, [ompleted, comp~~ed w~~h and ab~drd Sy, ~hen ~n ~nh..~r or any such e~ent the sa,d ag ~r~gate s~m me~t~e:~ed in 3ald pron,issorY n~te thrn reinaining unpa~d, with interest acuurd, and ali moneys secured heie6y, sholt b~curne due and pay~ ao e loreh.v~rh, or therca(t~r, at the oF~non of se~d MORiGAGEE, as fu+iy and complerc,y as i! al! of nc~ aa~d s~~ns o1 muney ,ncrr or,g~~~a:ly s~~~....a+rd be pa:d o~ s~th dcy, anything in sa d prom~ssory note or in this Mortgage to the contrary rtotwithsta~~d, ~g; and th~rvu}~on or thr«after at the o~•+.on o1 s~ d h~ORTGAGEE, w~thout not,~e or demand, suit at law or in equ~ty, therefo~e er there_her begvn, muy be prosewt,.-cf as if ait ~noneys secured he~eby n;d mat~~ed pr~ur to ns e:ist~JUl,on. 7. That in the eveM ehat at the beginn~ng of or at any t~me pe~ding any sv~t ~pon th;s Mortgaye, or to forrclose i!, or to relorm it, or to e~force payment o1 any ciaims hereunder, said A10RiGAGEE xhaf! app~y to the Co,~rt havn,q ~~nsd.ct~on ther~ot for the apfo:ntn:ent of a Recc~~vv~, such Cov+t sh3i1 fo~rhwith eppo~nt a rece~ver of sa~d morrgaged proor~ry aI! and sing~Iar, includ i~y ~~I and s.:~9u~ar the ,r.con~e, prof~ts. ~ss.,es a~.d rE~e~~~es fro n wh.,te„er sewce derived. each and every of wh,ch, rt b~~ng express!y understood, ~s hereuy morigaged as if spec~hcrly set lo~tt~ and destr~6ed in the granru~g a~:c! h.3cend~m ctavses hereof, and wch Reczner shat! have a:~ +he broad and ef(ecr~ve fiu~ct.ons and po~vers in anyw~se rntrusted by a C~u~r to a Recr;ver, a:,d s._:h appointmenl shali be made by svch Court as an admitted equity and a matre+ oi abso~~te right to sa~d h10RiGAGEE, and v~~rVrut referinte to the r':~qu3Cy o+ ~radeqvaty of ihe vti~e ef the property mo~tgaged o~ te. the So..enty or iniotvency o1 aa~d MORTGAGOR or the def~-~,dan'y, a~;d rh~t Such *e•~~s. prof~ts, ~ncorne, issues and ie~enves shal{ be app;~ed by such Recr~ve~ ac.ord~ng tu the tien or equity of sa~d h10RTGAGEE :+nd tt~e prachce of s~ch Covrt. 8. To d~ty, prompt!y and futly perform, discharge, execute, effect, complefe, comply virith and ab~ds by each and every the stiNu:at~ons, agree~nents, :enditions and covenants ~n sa~d prom:ssory note and th,s mortgage set iorth. 9. 7har ;n the eve~r ~he owr.ersh:p of rhe rrwrtgaged prem~ses, or any par~ thereof, becomes vested in a per3on other than the ti;n~TGAGOR, the A•ORTGAGEE, irs successors and assigns, may, wiihout no+~te to thP MpRTGAOR, dea~ w~th such successor or successor in interest w~~h r~;ere~~ce to thia ^~o~tgage and trte d_~bt hareby sewred m the same manner as wirh Mortgago~ w~rhout in any way vit:ating or d+scharg~ng the IAorrgagon' t~ab~:~ty here- ~~:der or upo~ the d~bt hrreby sec~red No sale of the Ere•n:ses he~eby mongaged and no brbeara~ce on the part o! the I'AORiGAGEE or ;rs s:,ccessors er ass~?~s and ^o este~~sion ot the t~me for the paymem of the debt hrrcby secu~ed g~ven by the MORTGAGE`_ or its successo:s or ass:gns, a~~ait operate ro re!ease, d.uharge, medify change or affect the or;g;::al I~an;;.ry of the MORiGAGOR here~r., either in whole or in part. 10. It is spec~}ically agreed that time is of the essence of th~s contracr and that no waiver of any obl gat;on hereunder or of the obligation s~ cured hereby sha!i at any time thereafter be hefd to be a wawer of the terms hereo` or of the instrument xc~red herby. t 1 In add.t.o~ ro ti,e 4oregc ng ~or.fh!y paym~nts of prmc ;,a; and inre~esr requ~~e~+ by the prom sscry no~c s, cur~d 1~en~6y, mo~tgagor covenams 3•~d agr~~j to pay to mo-tg:+gee v~~th each rron?h:y pay~.:ent an add~r~o~eai s~m esr -ered Gr mortgagee to be e.~vai ro 1 12 of ti:e an:~ual cost of the fo~low- , A-A!I rcal ~ropertv taxes te~.ic~ or assessed agai~st the aEOve destri~d r~al esrate. • E--Fr: ,.,,-s on f re and .vindstonn ~nsu~arce as here~n req~.red to be carried ert rhe .m;:roveme~rs s+TUare on fha alwoe d.sc.~bed prem;ses. C-Prr.n.ur•s o~ such mortg~ge gua•anty ir.swai.ce as mortgagee shall froT. t me to t~me deem i~t to tarry o~ the Ioan sec~ied hereFiy. hlortgagze s~a ~n t~ nz to t~~~:e noT~ly mertyagor ~n ,~,r~r.r.g of the a~~~o~~~t d~. and payable hereundrr and such su n sh~ii th~-rcupon be due and :.i,able on the ci~e n,~•e et ihe next month'~r paymeM and each successive ,~:o~~th thereairer ur.hi mcrtgagee sha!! nohfy mort~Jaypr ot a cfiange in sv:h e- o~~t. Such su ns s~ ~ be apj~ ied by mortgagee towa•d the payment of real preperry taxes, ~nsurance prem.ums, and ~nortgage g~a~anty i~surance _mium5. ' 1N \•:IT^:EiS ~OF. the s AdQRTGAGOR has hereunto set hfs ha~~.d and scal the day and year first aforesa~d. ! . Scalet,~ ~ er in th nte of: C~ ~ . r • . - _ l~ ~.---3~-..~-L ~ (Seaq . . . - -(Seal) ff - - - ~_(Sea4 - (Seaq :;;.IE Of FIORtDA ~ . ~JUyTY OF - S~~ L~~^i e 1 8efore me ptnanaily appeared NO.ZA M~ Smi~ a rfdCf~l} _ ~ I~i~.wi{e, t0 me well known a~~d kn~~ rtx to be thr indrv~duaw descnbed in and who executed the foregoing instrument, and acknowledged btfore me that ~ey executed the sarrie tor the p~rposes ~~e•ein expressed. Ar~~hr•~wi .~+ir~wsw.~ ^ ~M~~«?~rW~nJ~irW e wiw~wawe?rbyrwe.tw~~ q~~ra+~ ~ y~rt.f~~r.s~iJ.i~~iani^+~Irwisd~ed rr ~nJ b~f~.~ ai~aL ~~aa~,rer ~ai~ i~~i~iwr:~r ~rL ~wirr ~aw?~ ~wd.+Mi~ ~wp~e~w,~{~Aq l~rN11~w1~1 ~~I~ewFOw~. M~~ir R~~Ow1~IM~Mi~ ~~M~1~ ~ - , WiTNESS my hand and offual seal ~his_ day cft_ ~CtO~Y q, D. 19_T~_ i ' ' ^ ~ _t > r , ~ ` ' Notary PubGc in and !w t• ~~~~1~R~ Lar ~ 1 mm~ssion expiraf. ~1~.T ~ ' ~ ' ~ a~f~~~ 10: FiLEO AND RECOF~D~O~ ' _r ' first Federal Savings & loan Aasoc~at,on ~~Y ~i~+-s~•`°~~ o, ,o.f P..•~e ST. LUCIE COUNTY. FI.A• M~~ ~ ~crrRfi Vr?I~~~D r F~rr F:nrce Fic•~da t~ ~ 1~` r , , 'TO OCT 9 PN 12 : ~ 8 7h;s Instrument Prepared By Jal~es D. Chastain ~ First Federal Sav~ngs 8 Loan Association • of Fort P~erce~ Florida {ZOGCR rTRAS ~ Checked 8y~_-__ _ CLEfZK CIRCWT COU Ti ~0~1~7 ~A~~~77~ _ . _ _ _ } _