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Home My WebLink About1971 3. To p~ace and coroinuously keep on the bui!dings now or hereafter ~~t~ate on sa~d !and and on al{ equ~pmen~ and personally cove~ed bY this mong- age, with all premium! lhereon pa~d in fvli, fire insurance in ~he usuat sta~~~ard policy form, in a svm aFproYrd by the MUk•:,:.GEE, a~ d w~~~ds~onn insurance in the usual standard pol~cy iurm, in a aum appioved by the MORiGAGFE, in such company o~ co+npan~es as ~he 1.tiORTGAGEE may direct; and all fire and w~ndstorm insurance po~~ues on any o( said buiid,ngs, any iroerest therein or part thereof, in the aggr:gsre sum aforesa;d or in excess thereof, shall contain the usual standard mortyagee clause o~ such other dausa as the Mo~tya9re may reqwre, making ~h.: ioss unJe+ s~~d po!i- cies, each and every, payable to said h\ORTGAGEE as ~~s interrst may appear, and each and eve~y auth poiicy shall be pron,Ntty ass gned and detfvrred ~o eny held by sa~d MORiGAGEE as furiher securit/ to said mortgage debt, and, not Iess ~han ten (10) days in advance ef the expuat~on of each po'~cy, to de- Gver to said MORTGAGEE a rene:val thereof. together with a receipt for ~he premium oi such ~ene val; a~~d there shall be no f.re or w~~:dsro~m insvrance plat«d on any of sa~d buitdi~igs, any interest there~n a pa~l thereof, unlesi in tha form and with the loss payable as aforesaid; and i~i the event any sum of money becomei paya6le ~ndrr wch policy or po~~ues said MORTGAGEE shaH have the opt~on to rece~ve and app!y the sa:ne on acco~ro of the ind~•btcd• ness secured hereby or to permil said MORTGAGORS to rece+ve and use it w any part the:eof tcr o:n•.•~ ~:~~F~s_s, :::i~.~..t tf~ :•:..~•:'J ~r ing any equity, lien or right undar w by virtue o! this mo:'gage; and irt the event s~~d MORTGAGORS shali fo~ any reason fa~l to k~•ep ihe ia~d prem~scs so ins~red, or fail to deliver promptly any o( said pol~ties of inaurance to said MORTGAGEE, or fait promptly to pay fu:;y any pr_•~~~~~~n th~refor o~ in any respetl fail to perfo~m, dixharge, ezecute, effed, tomp~ete, comply with and abide by this covenant, cr any par~ h.rreof, s+~d M~JRIJ~~GEE rnay pwce a~a pay for such insurartce or any part thereof without waiving or affecting any opt~on, iien, equ~ty, or righi under or by v~rrue of th~s Mortgaqe, and fhc full amount of each a~d every such paymem shall be im~nediately due and payable and shall bear interrsi fro~n the date thercof v~~!~1 p.,~d at the rate ol n~r.e per centum per annum and to~ether w~th wch inte~est shali t~ secured by the lien of th~s mortgage. 1. To {xrmit, commit or suffer no waste, impairment or deterioration of sa~d propeny or any part thereof. 5. To pay all and singula~ the costs, charges and exper.ses, including a reasc~able atromey's fee and ccs~s of absr~acts of tlt!e, i~cvrr~d of pa~d at any time by said MORTCAG~E, because o~ in the event of th> faiwre on ~he par~ of the sa~d MORiGAGOR to d~iy, pr.:,,Fnly and f~.~y F;wfor~n, dncharga axecute, etfett, complete, comply w~th and ab.de by each and every the stipulat~ens, agre_n,ems, cond~tions, and cov~~nants oi sa~d pron~!>so~~ note a~:d Th~s ~,orrga~e any or e~iher, and sa:d costs, charges and expenses, each and every, shall be immrd~ate~y due and payabie; v~hether or not th~re be nof~ce d_- niand, attempt ro to:!ect or suit pend~ng; and the ful! amount of ecth a~:d every svch paymem sha?I bea. mterest from the date thrreof ~nril pa~d at thr re oi nfne per cenTUm per an~~u:»; aed ail said cosis, charges and earenses ~ncurred or pa~d, togethcr w~rn such interest. shail be secwed by the uan of fh~~ mortgage. b. That (a) in the event of any breach of this Mo~tgage or drfa~;t on the part of the A10RTGAGOR, or ;b) in the event any of sa;d su~»s of money ,~e•e;n referred to be not promptly and fully pa~d wi'h~n th~rry (30) days neat ait-=r the same seveia'ty becorne due and pa~able, vv~i~~o~t de:na~~d or not~ce, cr (c) in the event each and every the stipu.ations, agreements, conditions and covenants ot sa.d prornisso~y ne~r a~~d th,s mor~gage any c~ e~the~ afe not ~u'y, promp~ly and f~lly performed, dacha:ged, execured, effected, tomp~eted, compi~ed wiih and ab~ded 5y, then io enher or any such event the sa:d ag- ~r~gate sum mentioned in said promissory note then ~rmaining unpa~d, with interest accrued, and a~l moneys secured hereby, shail brw~ne due and pay- a~.c forthwith, or therea4ter, at the option of said MORTGAGEE, as f~ily and comple~ely as if all of lhe said sums oi money were or,g~na:ly s~~pu:aird to be pa:d on svch day, anything in sa:d promisso~y note or in this Mo~tgage to the contrary ~otw~th;tand~ng; and thereupon o~ thr:eafter a~ the opt~on of se:d MORTGAGEE, without not~ce or demand, suit at law or in equity, therefore or thereafrer begun, may be prosecuted as iF alf monrys sewred hereby n_d matured pr~or to ~ts institution. 7. That in the event that at the beginn;ng of or at any t~me pend~ng any su~t upon this Mo~tgage, or to foreclcse it, or to reforn ~t, or to enforce payment of any cfaims hereunder, said MORTGAGEE shall appty to the Court hav~ng ju~ud:a~on ~he~rof tor ~he appo~nhnent of a Rece~~~r, w.h Cvun sha~l Fcrthwith appoinf a receiver of said mortgaged prooerty all and singular, intlud:ng a!! ar~d s~ngular the income, prof~ts, issues ar.d ~evcnues tro:n wh.,trver seurce derived, each and every of whrch, it teing expressly ~nderstood, is rereby mortgaged as if spec~lkally set forth and descriG~~d in the g~an;~n~ and haoendum dause: ~ereof, and such Receiver shall have nll the broad and eftecrive funct.ons a:~d poNers in any.v~se emr~sted by a Court to a Recener, a~,d s_ch appoinTment shall bc made by suth Co~rt as an admilted eGuity and a matter of absotute r~ght to sa~d :1hORTGAGEE, and W~i~1JU1 referente to the ad~q~acy o~ inadeq~acy of the value of the property mortgaged or to ~he so.vency or ~nso,vency of said MORiGAGOR or thr de'e~~da~~ts, a.~d th;t svch re~rs, profits, income, issues and revenues shall be applied by such Receiver accord.ng to the lien or equity of sa:d MOR?GAGEE and the pracnce of such Court_ 8. To du~y, promptty and fully per{orm, discharge, execute, effect, complete, comply with and abide by each and every the st~pv:at;ons, agree~nents, conditions and covenants in sa~d promissory note and this mortgage set forth. 9. That in the event the ownership of ihe mortgaged premises, or any par* thereof, becomes vested in a pe~son other than the MORTGAGOR, the ',.ORTGAGEE, its successors and assigns, may, wiiho~t nu~~ce to the MORIGAOR, deai w~th such successor a suczesse. in interev w~+h re:rrer.ce to this r~o•tgage and the dc•b~ hereby secured '+n the same manner as with 6tortgagor without in any way vitiating or d~scharging the Alongagors' liabi~ity here- ~nder o~ upon rhe debt hereb~ sec~red. No sale of the premises hereby mortgaged and no lorbearance on the part of ~he /hORIGAG[E or its wccessors cr as~i~ns and no exte~sion of the, time fw the payme~t of the debt hereby secured given by the NIORTG~+GEE or ;ts s~ccessors or ass gns, a~~all opeiate ro release, d~scha~fle, modify change or aifect the o:ig~nal lian.t~ty of the MORiGAGOR herein, either in whole or in part. 10. It is sperfrcally agreed that time is of the essence of th~s contrad and that no waiver of any ob•~gat~on hereunder or of the ob:igation se- cured hereby shali at any time thereafter be he:~ to be a waiver of the tecros hereof or of the instr~ment srcured herby. I 1. !n atid t:e-~ ro ~he fo~ege ng month!y paym~ros of p~~^c , al and inrerest requ~red by the p~om sscry nore sc cured h~•+~•b/. ~no~tge3o! covenar.ts ~ d agrees to pay to ~~c•tyagee ~n~th each m.onth'y pa~i. ent an adci,~~onai wm rs':n ared bt mortgjgee to be eq~a~ to 1 12 of t;,~ a~i:,ual cosr oi the foiioyv- ~3: A-All rEal propcrry taxes tevie~ or assessea ag3i•~a~ tnc ahove desr~bcd r; al es'ate. 6-Pr_rt,iv~ns on fire and wh~dsto:m ~nwracce as 6erein requ.red to be carried cn the ~mproveme~ts s~tuate on th~• abo~e d_scil,ed prrmises. C-Pre~n~ur s oo wch morig+ge guaranty irw~a~ ce as mo•tgag?? sna!I Irc•r t me to ti~ce de^:n f~* to earry on the ioan SCCJ'P~ t1CrCD7. ' Mortgagee S~~a f'O~n ~~„ie to t~me noti4y mersgagor ~n wr,t~ng of the a•~-oc~t d~e and payable herrundar ar.d s.:ch w~~ st~ th•_ceuF:on be due and ,~;able on the ::~e oa+e ot rhe nea! month:y pay~nent and e~ch s~cceisiJe -*-onth theri~afr~. ~r:tii mcrtg3gee shall notlf~ mcrt~agor of a change in wch I o~nt. SucF s~~ns sF.v I be appifed by mortgag~ae toward !~e pa~rr.ent of real property taxes, insu~a~zce prem:ums, and mortgage guaranty inwrar.ce i i ,~•emiuTi. ~ E Iry \'1~TNE~~ '.'1HER_Of. hc s d M~ORTGAGOR has hereu~to set his hara and scal the day and year f~rst aforesa~d. f . i' ed Seale a, iv in the presence of: ~ _ (Seal) - ~ - ~ ~'C-~ i~ . . _ ~ _-:~~~~z~~J(Sral) s ~ - - (Sedl) ~ -(Seal) ~ S":.1E Of FLORIDA u. a CJUNTY OF St',. Ia1C~@ ~ ~ John C. Paden ~ Before me personally appeared _ end ~ _ Rathe rine L. Paden _ h~: wife, to me well kno~~n and knovvn to me to be ~ tne ind+viduals ~estribed i~ artd who executed the forego~ng instrument, and acknowledged before me that they executed the seme fw the purposes ~ ~herein expressed. And th! taid Ratherine L. Paden _ _ ,,,~~~~~~~,~i~ ' John C. Paden ' ' ~ .v+fe of the said _ ~-'T,~.; ijp~vs.; jep~?~ltk%an~ private e¦am~nat~on by me taken separate and apart from her said husband, acknowledged to and before me that she eaeeubed.say~':wtrvpqenf'~~{jl;~jnd vo~un- k ra~,ly and w~thout any compulsion, constraint, apprehens~on, ur fear of or from her said husband. ''.Z':, October ~ ~ l n WITNESS my hand and offic;al seal this_. ~L~-t day of • ~ a~~ f~ / ti- - ~ • ~ : ~ ' j ~ O 1` '~iMF4 ~ FtLED AND REC ' ' ~ ' ~ " = COUNTY. FLA' No!ary Pubtic and for i~~~~ ~~~t ~:~ee ST. LUCIE r ~ My Comm~ss~on expirea.b.=, ~ a:: Retum To: pGC(~R~+ VC a~~) ~ • it ,_W - Fint Federal $avings 3 Loan Association ':=Y- ~~25,1971 n~ ~p{ 1~~ < ~ ~,r ` Of Fort P erce. ~!~1 -T- ~ l,aa~d bs ' i~ 8 Gwa?I Co. ~ Fo,, Pierce. Flor~d3 '70 OCT 1q AM 10. Sq ~ ~f e, <<, t4 ITRAS ~ This Instrument Prepared By J COUR r e~.~a~~~ First Federal Savings & loan Associati ~ of Fort Pierce ~ 1t1o2~ida ~ Checked B Pa Y - ~ BOOK PAGf 19~ ~ ~ - - - . ~ ~ - r -1 _ _ _ - ~ . . _ . _ . ,W~z£~