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Home My WebLink About2148 3. To place and co~t+nuously keep on the hui:d~ngs now or hereafter ~~tuate on said land and on all equipment and person~lly tovartd by Ihis mo~tg- sge, w~ih all p~emi~ms thereon pa.d in full, f~re insurance in the ~wal s~andard po~icy form, in a sum aHproved by the A1uR~GAGEE, a~~d w~nds~o~m insuren:e in the usual ttandard po~~cy lorm, in a sum approved by the MORIGAGEE, in such canpa~~y or COmpdn~CS as +he R~02TGAGEE may direU; and all fire a~d w~ndsrorm insurance poGcies on any of sa~d build~~gs, any interest therein or pa~l thereo(, in fhe a99~c9are su~n rfo~esaid or in excess Ihereof, sfiall contain the usuai atandard mortgaaee clause or such o~he~ dause as the Mortgagee may rrqu~re, ~~a?ing the iess u~~der s~~d po~i- c~es, each and every, payable to said h10RTGAGEE as ~ts intereft may appear, and each and every such ~~~cy sha~i be pro+*~p~~y ass g~~~d a~ d det~~cred ~o any held by said A10RIGAGEE as (urlher secu~ity to said mortgage debt, and, not less than fen (101 days in advance of the expir~tl::n of each policy, to dr Gver to said MORTGAGEE a renewal thereof, togerher with a receipt for the premwm ot such ~enewal; a~~d there shall ba ~w Lre or w,~~d;torm insurance plated on any of said buildings, any intere~l therein w pa~t thereof, un!ess in the iorm and w~th the lois payab~e as aforesaid; and in the e~ent a~~y ;um of money becomes payable under such polity a po~~cies said MORTGAGEE shall have the opt~on to reca~ve ar.d app!y the same on accou:+t o1 the i~~dehtrd• ness secu~cd he«by or to permit sald MORTGAGORS to recaive and use it w uny pa.~ th.rcof for osi,.•r i.~ ,_~onrs, .~.~~ho.:t ih~•~.,r cr ing any equity, lie~ w right under or by virtue of this mo:'gage; and in the event u:d MORTGAGORS shaN for a~iy rcason fail to keep thc sa~d p~em~sef so insured, w(ail ro delive~ promptly any oi said po~rcies of inwrance ro. sa~d MORTGAGEE, or fa~l promptly to pay fu11y any p~e~~~~.~n thcrefu~ or in a~y resped fail to perfam, d~scharge, execute, eifeu, comp~ete, comply with and ab~de by this covenan~, o~ any pert hrreof, sa~d MOR1;,:.GiE maY p~ace ar~o pay ior such insurance or any part thereoi without waiving or affecting any option, fie~, equ~ty, o~ r~ght u~der or by vu~ue ol ~h~s Morfgage, and thc full amount of each a~~d every such paymem shall be immediately due and payab~e and shall bear interest from tha date thercoi ~mil pa~d at tne rate o1 mne per centum per ann~m and to~e~her with svch interest sha~i be secured by the tien of this mortgage. 1. To permit, commit or suffer no waste, impairment ot deterioration of sa~d property o~ any parl thereof. 5. To pay all aod singular the costs, chargeS and expenses, indu~ing a reasonabie attorney's iee and tolts of abstracts o( tiNe, incwred or pa+d at any time by said MORiGAG::, kxcause or in the event of tke fa~lure oo the par~ of the said MORTGAGpR to dv'ry, pronrptly and f~11y per'onn, d~scharg~ execute, e~~ed, complete, comply wnh and ab:de by each and every the stipulanons, agreements, condit~ons, and covenanrs oi sa~d pro~~~„so~y nore e~~d ih~s mortgage any or e~~her, and sa:d costs, charges and expenses, each and every, shall be immed~ately due and payable; whether os not fh~re be no~~ce da mand, attempt to collecf or wit pend~ng; and the full amount of each a:~d every suth payment shall bea. interest from ~he da~e t!,ereot un~il pa~d at the rate of nine per trntum per annu:n; a~K! all said costs, charges and expenses incurred or pa~d, together wdh such irterest, shall be secured by the 6en of th,f mortgsge. 6. That (a) in the event of any b~each of this Mortgege or default o~ the part of the MORTGAGOR, or (b) in the eve~t any oi sa d sums of money herein referred ~o be not promptly and iully paid within th~rty (30) days nez+ atfer the same severa!ty bemme due and payable, wdhou~ dcmand O~ nonce, or ~c) in the evem each and every the atipu~ations, agreements, cond~t~ons and covenants of sa.d promissory note and th~s mortgage any or e~ther are no~ ~uly, promptly and 1~1ly performrd, d,scharged, executed, effected, completed, co~npiied with and ab~ded `sy, lhen in e~ther or any such event the sa:d ag 3regate s~m mentioned in sa~d promiuory note ihen remaining unpa~d, with intere,t accrurd, and a~f monrys sewred hereby, sha~f becume due and pay- au e fo~thwi~h, or thereatter, at the oprion of said MORiGAGEE, as fv~ly and comp:etely as ii a!I ef +t,e sa~d sums of money v~eie o.,g~naily st~pu:atcd to be pa~d on such day, anything in sa.d prom~ssory note or in this Mortgage to the conrrary notw~thstanding; and thvreupo:i or thercaf~~r at the ophon of sa~d MORTGAGEE, w~thout notice or demand, suit at law or in equity, therefore or thereafter beg~n, may be prosecuted as if all n~oneys sec~red hereby , nad mawred pnor to ~ts institWion. 7. That in the event that at the beginning ot w at any time pending any suit upon this Mortgage, or to foredose ~t, or to reform it, or to e~force paymeM of any daims hereu~~aer, said MORTGF~GEE shal! app'.y to the Coun having ~ur~sd~cr~un thereof for the appo~ntmenf ef a Rece~ver, such Court sha~l forrhwith appoint a receiver of said mortgaged prooerty all and singvtar, includ,ng all a~d s~rgu ar ~he income, p~of~fs, issues ard revenues from whatever scurce derived, each and every of wh~ch, it being expressly understood, is hereby mor~gaged as if sper.flcaify set forth and descnbad :•n the granrl~~g and habendum da~ses hereof, ~nd such Receiver sha~l have all the broad and effecfive funct,ons and powers in anyw~ze entrusted by a Court to a Receiver, and ::,ch appointment shall be made by suth Court as an admitted equity and a matte~ of absol~te nght to said A50RTGAGEE, a~d KIi~IJUf reference ta ti:e edequacy w inadeq~acy o( the value of the properry mortgaged or to the so~vency or ~nso~ve~+cy of said N.ORiGAGOR or the defe~~danrs, and tl~;t svch rems, profits, income, iasues and rovenues shall be appGed by such Receiver accord+ng to the lien w equity o1 said MORTGAGfE and the pract+ce of such Court. 8. To duty, promptly and fully perform, discharge, execute, e~~ect, complete, comply w~th and abide by each and every the stipulations, agreements, cond~tions and covenants m sa~d prom~ssory note and !his mortgage set !orth. 9. That in the event the ownership of the mortgaged prem~ses, or any part thereof, becomes vested in a perso~ other than the MORTGAGOR, the ha,OATGAGEE, ~ts successws and ass~gns, may, wifhovt nor~ce to the MORTGAOR, deal with such successor or svccessor in interESt wnh relrrence to th~s rrortgage and the deot hereby secured in the same manner as with Mortgago. without in any way vit~ati~g or discha~g~ng the hlo~tgagori liability her~ ~nder w upon rhe deb~ hereby secured. No sale of the Frem:ses hrreby mor~gaged ar.d no forbearante on the parf of the ?AORTGAGfE or its successon or assigns and no eatens~on of the time fw the payment of the debt hereby secured given by the MORTGAGEf o~ its svccessors w ass~gns, a~~all o~erate io release, d:scharge, modify change or affect the or~gmal liab.Lty of the MORiGAGOR herein, either in whole or in part. 10. It is specifically agreed that time is of the essence of this contract and that no wa~ver o( any obl~gat~on hereunder or of the obtigation se- cured hereby shali at any time thereafter be held to be a wa~ver of the terms hereof or of thc instrument sewred herby. 1 i. In addRio~ to the farego:ng mo.Hh!y payments of princ pal ond intrrest requited by the p~om ssory no'e secured herebr, mortg3gor co'oenants and agrees to pay to mortgagee v~ith each monthiy payr,eent an add.~ional wm es~:~~ated b~ mortgagee to be equaM to 1 12 of the en:,ua1 cost of the foalow- A-A!I real property taxes leiied or assesscd agai~at the above described real estate. B-Pren:~u~ns on fne and w~ndstonn insu~arce as here~n requ:red to be carr~ed on the ~mproveme~ts rtuate on the above dzsu~bed premaes. C-Pre:niums on such mortgage guaranty insurar,ce as mortgagee shall from t me to time deem fit to carry on the ioan secured hereby. ` Mortgagee sha+~ fcom nme to time notify mortgagor in writing of the amou~t due a~d payable hereundrr and such su:n shall the:eupon be d~e a~d F ayable on the due oate of thz next monthly payment and each successive m.onth thereafter until mortqagee shal! not~(y mortgagor of a thange in such l a^:ount. Such sums sha',i be app~ied by mortgagee toward the payment of reai property ta~eea. inwra~ce prem,ums, a~id mwtgagz guaranty insurante j p•emiums. ~ IN Y~ITNE~S 'NHERcOF, the sa~d MORTGAGOR has he~eunto set his hand and seal the day year first aforesa~d' r , ~ ~ , E Signe Sealed a~~ver~ in the preserr_e of: FILEO AND RECORD C~ J~ ~ d (Seal) ~ ST. LUCIE COUNTY. F ' tseaq . ~ Cr~~?]~ V~'!~'F~ ~s~ap ~ ~v~7l~v~ (Seaq i ~ATE OF FLORIDA ~ ' 'T0 OCT I9 ~lMM II: 22 couNrY oF ST • WCIB ~ ~ ~ a ~ Befwe me personally appeared _ ~~.~ltZ snd NaIIC Ci• ~llllt2 CL~ his w~fe, to me well k~own and known to me to be ~ the individuals described in and who executed the foregoing instrument, and ac now fore me that they executed the sarrK for the purposes ~ Na,r~c G. Shultz theroin exp~essed. And the said y ~ ROASid S• rJh111Li u o~ s se a~ate and rivate rvife of ihe said - P P P e:am~nat~on by me tafcen separate and apart from her said husband, acknowtedged to and before me tfiat she executed said instru~nent freely and volun- ~ ranly and w~thout any compu!sion, constraint, appreFxns;on, or fear of or from her seid husband. S WITNE55 my hand and oificial sea{ this_ day of O LOb@! _ A. D. 19 7O ~,z~_~-2 1~~.~`~„ _ Nmary Public in and tor the State of Fbrida at large My Comm~ssion eapires: Retum To: ,`~~~NIi1p~~~~ ° 9 aj Fu-UG iTA1E Oi f10A~0A AT F{nf Feder~l Savin s 3 loan Astociat~on ~ ~ -a ~`1,',, t'~MMISSION EXPIRE3 ~E OF Fo~t Pe:ce. .•-'~.f `~v'~ lONDED IHRU F1tEp ~ p~E~Q~~~ 1~ > ~ Fort P.erce, fic:ida ~ ~ .L v ~ _ = ~ JC? , , J -1- - ! ~ _'t ~ . ~ ~ . ~ This Instrument Prepared By JoM ~.y~~'~ : ~ First Federal Savings b loan Association ' ~ of Fort Pierce ~ R1oZida `i~. ~ ~ Checkeci By ~ . ~ p++~ ~ 800x ~O / P~~~ ~ . ~t~ y . x _ ~ ~ ~ _7r~ _ . . . _ . _ y _ _