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Home My WebLink About2314 ~ 3. To place and continuously keep on the buitd+ngs now or herea(ter ~ituate on sa7d land and on all cqu~pment and per~o~ally covc~cd by this mortg- sge, with ~II premiums the~eo~ paid in (ull, (ire insuronce in the usual atandard poticy fo~m, in a sum approved by tha A10RIGAGEE, and w~ndatorm insuranc~ in the usua) s~andard pol~cy form, in a ~um approved by the MORiGAGEE, in such company or compan~es as ~he MORiGAGEE may di~cc~; and all fi~a snd winds~orm insura~te po~~cies a+ a~y of said build~nys, any inlere~t lherein or part thercof, in the aggrcgare sum sfo~esaid or ~ In extesi thereof, ~hall contain the usual slanda~d mor~gagee dausa w such other clause as S~s Mortyagee may reqv~ro, making the loss unJer sa~d po~i- cief, esch and every, payable to taid MORTGAGEE as ~ts interest may appe~~, a~d esch and eve~y suth poticy shall be promp~ly ass gned and delivered ~o any Feld by said MORTGAGEE as fur~her security to said mortgage debt, and, not les~ lhart ten (10) days in advarxe of ~he expirafion ol each policy, W de• i~ver to wid MORiGAGEE a renewal thereof, toge~her with a receipt !or the premium of such ~enewal; and there shafl be no f~re or w~ndstor~n insurance placed on ~ny of said buildings, any interest therein or part thereof, unleas in ~he form and v~rith Ihe loss payable aa a~oresaid; and in the event any sum of money becomes payable unde~ such poticy or pqlicies said MORTGAGEE shall have the opt+on to receive and apply the sa~ne on ecio~nt of the indeberd- ness secured hereby w~o permit uid MORTGAGORS to receive and use it or any pm1 the:eof tor othrr pur},osas, .v~iho~t ~h.••, or ~v..r.: o~ ;ng any equiry, Iien or right under w by virtue of this mo:rgage; and in the evero sa~d MORTGAGORS shall for any ~eaton (ail to keep ~he sa~d premises so insu?ed, a(att to detiver promptty any of said policies of imvrence ?o aa~d MOR~GAGEE, or fail ~uoaiptlY to pay fully any u~c~+~w~~ thereior o~ any respetl fail ro per(pm, discharge, execute, eiiect, complete, comply wirh and abide by this covenant, w any part hrreof, sa~d MURIGAGEE may piace a~~d pay fw suth in~urance o~ any parl thereof without waiving a affecting any option, lien, equity, or right under w by virtue of th~s hlo~tgage, and the lull amount of each a~d every such p~yment shall be immcdiately due aod payable ?nd shall bear inlcrest lrom 1he date thcrcol un~il pa~d at the rate of ; n~ne per cemum pe~ annum and ~o~rlher with such inte~est shaU be secured by the lien of this mortgage. f 1. To permit, tommit w suffer no waste, impairment or deterioration of said property w any part thereof. S. To pay all and iingular the costs, charges a~d expenses, including a reasonable attorney's fee and costs oi abst~acts of tiNe, incurreo or paid at eny time by sa~d MORiGAGfE, because or in the event of the failure on the pan of the said MORTGAGOR to duly, p~amNtly and fully pc~form, d~sch~rge. ..ecute, elfet~, complete, comply w~th and ab~de by each and every the stEpulat~ons, agreements, cond~tions, and cove:~ants of sa~d ~J~0~~1iS50fy note and ih~i mwtgage any o? eid~e~, and said cosn, charges and expenses, each and every, sfiall be immediately due and payable; whether or no~ ~here be nonce d•~ ~~~en.i, eitampt to co:lect or suit pendinq; and the full amounf of each and e~e+y such paymero shall bee. inieresl from the date thereof ~ntil paid a1 the r..te of ~ine pe~ centum ~xr a~~~~u~r, and a!1 said costs, cha~ges and expenses incurred w paid, together w~th wch i~iterest, ~hall ue secured by the I~en of thi~ mortgage. 6. Th~t (a) in the event of any breach of this Mortgage or default on tlx part of the MORTGAGOR, or (b) in the event any of sa:d sums of money herein rcferred to be not promptly and fully paid within ~h~rty {30) days next atte: the same severatly become due and payable, w~~twut de~nand or notice, or (c) in the ~vem each and every the stipulatiau, agreements, cond~tions and cov~nants ot sa,d promiswry note and th~~ mortgage any or enher are nol ~u~y, promptly and fuliy periormed, d~scharged, eaecuted, effected, completed, compGed v~irh and ab~ded Sy, ~Fxn in either or any such event the sald ag gregate sum rtxmioned in aaid promissory note then remaining unpa~d, with interest accr~ed, and alI moneys secured hereby, shall become due and pay able for~hwith, or thereafter, al the option of said MORiGAGEE, as fully and complNely as il all of ?he said sums of money were w~ginalty st~pu~ated to be pa~d on s~ch day, anything in sa;d promissory note o? in this Mwtgage to ~he contrery notwithsrandmg: and thereupon or thereaher a~ the opt.on of sa:d MORiGAGEE, without not~ce or demand, suit at law a in equity, the~e~ore w therealter begun, may be prosecuted as if al~ moneys secured he~eby nad matured pr~or to ~ts institution. 7. That in tF~e event that at the beginning ot or at any time pending any su~t upon this Mo.tgage, or to foreclose it, or to reform it, or to enforce payment of any claims here~nder, said MORTGAGEE shatl apply to the Co~rt having jurisdrtion ~hereot ior the appe~ntment of a Receiver, wch Coun shaH Forthwith appoinl a receiver ot said mortgaged prooerty all and singular, i~clud~ng all and s~ngular the income, prot~ts, issues and reven~es from whatever saurce derived, each and every of whrch, it being expressly unde:stood, is hereby mortgaged as if speuf~calty set fwth and descr.brd in the graro~ng and habendum clauses hereof, snd such Receiver shall have all the broad and efiective funct.ons and powers i~ anyw~se entrusted by a Court to a Receiver, a~~d s~ch appointment sha11 t+e made by such Cou.t as an admitted equity and a matter of absolute nght to said MORTGAGEE, and w~fhout reference to the adequaq o~ inadequacy of the value oi the property mortgaged or to the sotvency or iniotvency of taid MORiGAGOR or the de4endants, and that such renfs, profita, incorr~, issues a~d revenues shall be applird by such Recriver accord~ng to the lie~ w eQuity of said h10RTGAGEE and the practice of such Court. 8. To duly, promptly and fully perform, discharge, ezecute, effect, c~mplete, comply with and abide by each and every the sripulations, agreements, conditio~s and covenenta in said promissay r+ote a~d this mortgage set fwth. 9. That in the event the ownership of the mortgaged prem~xs, or any part thcreof, 6ecomes vested in a person other tha~ the MORTGAGOR, the ~',ORTGAGEE, its successo~s and sssigns, may, without notice to the MORTGAOR, deal with such successor a s~ccessw in interest wi~h reference to this mor~gage and the drbt hereby s2cured in the same manner as with lNortgagor without in a~y way vitiating or discha~g~ng the Mortgagori liabili~y herr under w upon the debt hereby secured. No sale of Ihe prem~ses hereby mortgaged and no forbearance on the part of the MORiGAGEE or ifa successors or assig~s and no extension of the time fw the payment of the debt hereby sec~red given by the f110RTGAGE~ or iu successors or assigns, ahall operate ro re~ease, d~scharge, modify change or affect tbe o~igmal IiabJrty of ~he AM1ORTGAGOR herein, either in whole or in part. ~ 10. !t is specifically sgreed that time is of the esse~ce of t?~is contract and that no waiver of any obl~gat~on herQUnder or of the obligation se- cured hereby shall at any time thereaftec be held to be a waiver o( the terms heteof w o( 1he instrument secured herby. 11. In add:t~o~ to the iwego:ng month!y payments of princ'pal and interest requhed by the prom~ssory no'e secured hereby, mortgag~r covenan~s and agrees to pay to martgagee v~ith each monthly paymem an edd~rional suT est~mated by mortgapee to be equal to 1/ 12 of the ann~al cos~ of the tollow- ;n~: A-All real property ta:es levied or assessed agai~st the above described reat estate. I B-Prem~ums on fi~e and windsrorm insurance as herein requ;red tu be ca:ried on the ~mprovements sitvate on the above d_sc.~bed premises. C-Premi~ms on such martgage guaranty ir.surar~ce as mortgagee shail from t~me to ti~ne deem fit to carry on the loan s^t~red hereby. ~ Mo~tgagee sha~l from time to time notify mo~tgagor in writing of the amount due and payabte hereundrr and such sum shail thcrevpon be due ard ~ ,a~abte an the due da~e of the next month!y payment and each successive momh thereaiter uctil mongagee shatl nohfy mortgagor of a change in such ~ a--,ount. Such swns shail be appiied by mortgagee toward the payment of real property taxes, insurance prem:ums, and mortgage guaranty insurance p~emiumf• - ~ IN YlITNE~S WHER'cOF, the said MORTGAGOR has here~nto se! hiz hand and scal the day and year first afwesaid. ~ ~ Signed, aled and del' ered in the presence of: ~ Sesq ~ (Seal) ~ ~ ~-s 2 ~c cs~ao = ~ _ cs~ai~ 1 SiATE OF FLORIOA ST. WCIB ~ ~ couNn oF Before me personally a ared ~Ctid~l Iwa~nezlljC a~ ~l~ld~/ Ixanesuk his wife, to me well known and known to me to be ' the individwls described in and who executed the fwegoing instrument, and acknowled9ed befwe me ihat they executed the same fw the purposes ~ rherein expresud. And the wid 2sudv IwdIIC2lljC s M~C~I~el IwiJ1CZ1l~C u a s arate and ivate .~~.e of the wid Po^ eP W e¦am~nstion by me taken separate and apart from her said husband, atkrawledyed to and before me that she executed said instrument freely and volun- ~ ~ardy and w~thout any comp~lsion, constraint, apprehensionS, or f ar of w from her ssid husband. ~ WITNESS my hand and official seal this ,~a day of t A. D. 19~Q. ~ ~ wary Public in end for the State of Florida ~t LarQe ~ ' tiraij•~ <`-•~-?~.,!~y COTmiuiOfl expiils: ~ Re+~.~ To: ~~~~t~N~~n,,,~~~-t~,,,~_pW,,,.. .~~~~C~ SiAt! Of fLaR~QA AT LAR~E ~ First Federal Saviogs 6 loan Associanon ~~`Q~~ ~ ~~i~~ COMM18510N EXP~RES SEPT. 23, 19T,~ ~ tt~- i ~ r~u ~m a~srEUC~ Of Fort P.erce. ~ V~.•• ~/i ~i r ~p,' : ~ r:''::C . r . ' 3~ Fo~t PierCe, Florida =~1. 4~ ~ J~. ~ . . ' ~ILED AND RECOROED~ ~ ~ Q~ ~~~~~-•J ; r;'- ST. LUCIE COUNTY, FLA. ~ - ~:'a_ ' ~~c-a~~ ~ p ' " , ~~'~'k . . . r } ~ T h i s I n s t r u m e n t P r e p a r e d B y J o h l 1 W• ~ d~ a~~~~ : Q v: ~ First Federal Savings ~ Loan Association ; S.'~.,;.' of Fort Pierce i Flozida ''-,`~/}L~'.'••,'~ c~ 'l0 OCT 2 ~ ~ ~Q : 53 .,,1 . ; ~ Checked By . ~Y~~ ~ R Q"~ A ~:OG~R r'•OITRA~ 80~K1V / PACE~J~~ Cl~RK CIRCUIT COURT ~ ~ _ k~ : - ~ '~y,.,'~^.r ~.~~_X~~3-s?J