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Home My WebLink About2772 To plac~ ~nd con~inuouify kcsp on iM bui!dirps now a MreafrN utwt~ on said land and on all equipmeM ~rd perionally covered by thit morty- ag~, with d) prer,iiums thereon pa~d i~ full, fire insunnce in tM u~ual ~tandard pot~cy form, in • ivm approved by the MORTGAGEE, and windstam iniwanc~ in tM uswl itandard pol~cy iorm, i~ • sum approved by ~he MORiGAGEE, in s~ch compa~y or canpan~ei as the MORTGAGEE may di~K1j ~nd all f1n ~nd windi~orm i~swanc~ polici~s on +ny of said build~nps, a~y intere~l Iherei~ or Rart thereof, in tM aQyrcgate fum aforeca~d w In ~xces~ thereof, ahalt contain ~he uival ~~andsrd matga~a~ clauw w such o~ha clauae ai ~M Matpayee may requus, makirg the loss unda ia~d polr ' uy, each and ~very, payab~e b said MORTGAGEE as ~ts intereit may ~ppe+~. +nd each and every ~uth policv ahall be promplly ats yned and delivered to any h~ld by said MORiGAGEE ~s tu~iher security to said malpape debt, and, nol less than ten 110) days in advance o( the expiration oi each pol~cy, to de- t t~v~r to ~id MORTGAGEE a renewal thereof, IopetMr with • receip~ fw the pre~nium of i~cA renewal; and there shall be no f~re o~ winds~or~n insurance plst~d on a~y of asid bv+ldin9~, any intere~t therein or pu~ ~haeof, unleu in the ~orm end wiih the loss payable as sforesaid; and i~ 1he event +ny •um of mon~y betome~ payab~e untkr tuch polity or politie~ said MORTGAGEE shall have ~M opt~on to receive and apply the same en accoun~ of the indebted- oess secwed Fweby o~ ro permil said MORTGAGORS ro reuive +nd use it w aey par~ ihe~eof tor orh~~ purpoiei, w~~hout ih_~.o~ wa~wi~~g or ~mpai.- ;ny aey pv;ty, lien a ri9fit uoder w by virtu~ o( th~i mo:~~+9e; and in tM event w~d MORTGAGORS shall fa any reason fail to keep the said premises w . iniv~ed, w fail to deliver prompNy ~ny of taid po~itiea of in~u~arx~ to sa~d MORTGAGEE, or fail promptly to pay lulty any pre~mum ~he~efw o~ in a~y ~ rospact lail to ~•lorr~, diuhuge, eaecute, efled, comptete, comply wi~h uxl abide by ~his covenant, a any part hereof, ~a~d MORiGAGEE may pl~ce and ~ paY fa tuch Ins~rantt or a~y part thereof withoul waivinp a~ffecti~ a~y optio~, lien, equ~~y, w r~ghi under a tr~ virtu~ of thi~ Mortpa~e. and the , full amount of sath and ewry such payment sMll be immedi+tely dw and piYable +nd shall bear interest irom ths date thereo( until paid at the rat~ ol ~ nine per cemum pa annum and logether with such inte~est shali !+e secured by the lien of this mortgage. 1. To p~rmit, tomrntt or suffsr no waste, impairment w deteriwation of said property or +ny part thereof• S. To pay ~II a~d sinpulu the costs, charges and expenses, includin~ s ~easonable a~~w~ey i tee and cos~a of abstracts of title, incu~red o~ pa~d st any time by said MORTGAGEE, because w in tF+e eve~t of ti~e tailure on the pa?~ of tM said MORTGAGOR ?o dvly, promptly and fuUy pe~fwm, d~xharge. y O7cKVt0~ ~(fed, camplete, comply w~th and ab:de by ~ach ~nd eve?y the st~pulat~ons, agreements, cond~tions, and covenants of sa~d prom~ssory ~?ote and th~s mo~tya~~ any w eilhe~, ~nd said cosM, tMryes and expenxs, e+ch ~~d avery, shall be immediatefy due and payable; whether or not there be notice da mand, att~mpt to collett or suit pending; and the full art~o~?nt of eath and every suth paymeM shall bea. interest (rom the date thereof until paid af the rate of nins per cenrum per arnwm; and all said costs, charges and expenses iAturrad o~ paid, together w~th suth i~terest, shall be secured by the lien of thi~ ^w?ty+9~- 6. Th~t (a) in the event of any breach of thit Mqr~gapt w defa~lr on 1M pa?t of ~hr MORTGAGOR, or (b) ~n ~he event any of ~atd sums of money herein referred to be r+ot promp~ly and fully paid within ~hirty i30) days nrxt atter ~he same severalty becomr dve and psyable, wc~hou~ demand or norice, or in the e~em exh and every the atipvlations, +greemenb, conditions end coven~nts of sa.d promiuory no~e ar+d th~s moitgaye any w e~ther are not ~uly, ~;romptly and fulty pafamed, d~xharged, exxuted, eftected, comp~~ted, complied with and ab~ded 5y, the~ in e~ther or any such event the i+~d ag gregat~ sum meroaned in said promiuwy note then remainir~ unpa+d, with interest acuued, and all moneys secvred hereby, shall become dve a~ pay- eble fo~thwith, a thereafte~, at the opt~on of said AhORTGAGEE, u(ully ~nd comple~ely as if all of the said sums of money were o~+g~na~~y st~pulated to be pa~d on such day, anything in said prom~sswy note or in tha Mort9age to the conuary notwithstand~ng; a~d thereupon or 1F+ereatter at the option of said MORTGAGEE, Kitiwut notice a demand, suit at law or in equity, therefwe or tF.ereatter begun, may bc prosecuted as if aIl moneys secured hereby ~ i had malWed prwr t0 ~1s inttitution. ~ 7. Th~t in the event that at the beginning of w at any time pend~~g aoy su;t upon th;s N~ortgage, or to faeclose it, or to reform it, or to enforce ~ payment of ~ny daims 1+aeunder, s~id h10RTGAGEE sh~ll spply fo fhe Court having ~urisd;uion thereof fw the appomtment of a Receiver, such Court shall Forthwith appoint a rece~ver of said mortgaged p?ooerty all ~nd singvtar, i~clud~rg all and ~~n9uear ~he incon,e, prof~rs, issues and revenues from wharever source derived, each and every of which, it beiny expressly undentood, is hereby mortgaged as if speuficalty ae1 fath and deuribed in the granting and hnbendum clauses hcreof, and s~ch Receiver ahali Mve all the broad and efiective funct.ons and powers in anyw~se eMrusted by a Cou~t to a Receiver, and s~ch appointment shall.be made by sqch Court as an admitted equity and a ma~ter o~ absolute right to said MORTGAGEE, and witFwul reference to the adequacy d inadequat~ a( the value of the p~operty morlgaged w 1o the so~vrncy o~ insotvency o( said MORTGAGOR w the defendants, and that such ren+s, profits, irKome, issues and ~evenuet shall be applied by such Rcceiver accwd~ng ~o ~he tien w equity of u~d MORTGAGEE and the p?actice of such Cou~t. ' 8. To duly~:pron+pAr and fully perform, dixhsrge,_exezute, effect, mmplete, comply w~~h and ab'~de by each arsd every tAe stipulations, agreements, conditans a~d oP?e+?a~b m sa~d promiuo?y note and this mortqsge set forth. 9_ TMt in ti+e event the ownersh7p of the mortga9ad premiscs, or any psrt thereof, becasus vested in a person other than the MORTGAGOR, tM MORTGAGEE, iri succeuws snd assigns, m+y, without notice to Ihe M0~2TGAOR, deal wi~h sach succcssw or wccessor in iMerest with reference to this merrgage and Ihe debt F~ereby mured in the s+me ma~ner as with Mortgsgo+ without in sny way vit~ating a d~scharging the Mortgagors' liability here under o? upon the debt Ixreby xcured. No sale of the prem+ses hereby mortgaged and no forbearance on the part of the MORiGAGEE or its succeswrs o~ assigns and no extension of the time tor the payment of the debf hereby secured given by 1l~e MORTGAGE~ or its successors or assigns, siiall operate to release, d~xharge, modify change o? affect the orginal liabit~ty of the MORTGl~GOR herein, either in whole a i~ part. 10_ It is spec~fically agreed that time is of the essence o( this contracr and tha~ no waiver of any ob~iga+~on hereunder w of the obligaYan se- curcd hereby shall at a~y time thereafter be held to be a waiver of the terms hereot w ot tFK irutrurr.ent secured he~by. 11. In add:tioa to fhe forego:ng monthly payments of princ pal and interest required by the prom~ssory no!e secured hereby, mortgagor covenants # and agrees to pay to mortgagee witl~ each monthly pay~nent an addirio~sl sum est~mated by mortgaget to be equal to 1~ 12 of the annual cost of the foliow- L ~ '~9: E A-RII real property )axes levied or auessed againzt thc above dex~ibed real estate. B-Pre~r:~ums o~ fire and windsto~m insurance as he~ein requ~red to be carried on the ~mproveme~ts s~tuate on the above d:scribed premises. ' C-Premiums on such mortgage guaranty insurance as rtwrtgagee shall (rom t me to time drem fit to carry on the loa~ secured hereby_ ~ j Mwtgagee sha!! from time to ~ime notify mortgagor in writing oi the amoum d~e and payable here~nder and such surn shall thereupon be due and ~ ~ Fayable on the due dare of the ne:t nwnthfy paymeM and each successive momh thereafter ur,til mortgagee shall notify mortgagor of a change in such ~ € a~ovnt. Suth suma sFa~l be applied by mortgagee toward the payment of reat property taaes, insurante {xem.ums, and mortgage guaranty insurance ~ o~emiums. t IN WITNESS WHEREOF, the sa~d MORiGAG02 has hereunto set his hand and seal the day and year '?st aforesaid. ~ ~ Si9n,~d, Seakd d elivered in the presente of: j fILEO ANO aECOROl~ aq ~ st ~uciE couNtr F~~• s ROCER P0ITRAS ~ CLERK C«C~~t COUR (~,n RECO~Q ~E~~FIEO - STATE OF FIORIDA ~ ~ 3 a9 PH couNn oF St. Ltbcie ~ . s ~ Befwe me pers«++Uy appeared Kenneth R. DI~BIi a~d ~ ~i I@~~A ~~ii his wife, to me well known and known to me to be ~ rhe individvab described in and who executed the fw~goiny instrument, and acknowledged befwe me that they executed the same for the purpose~ thtrrie~ fxpressed. And fhe said V@l~ D~W ~ r,;fa of the ~a;d R@IIII@t.~1 R. D1~E'if vpon s separ~te and privat~ ~ examination by me taken separate snd apart from her said hvsband, scknowledged to and befo~e me that she ezecuted said instrumeM freely and volun- rar~ly and without •ny compulsion, constraint, apprehens~on~ w fear of w from he? said husband. ~ WITNESS my Mnd snd offiGsl seal this ~'Z~` d~y of 'j~ A. D. 19 ~ s i "f~~ z dL.e[LSt1d-~ ~ Z.~t.~'~1~ ~ Notsry PubGc in •nd for the Stite of Florida ~t lary~ My Comm~uion expires: ~ Retum 1w 2 • . ~ Firsf Federal Savings 3 Lwn Association ~:`,~dN~N~~~~hb~~, ~URf PUBUC~ STATE Of ftOR10~A AT ~ ~ GR',:, ~r. ~ COMMISSION EXPIRES SEPT. 23, lgj3 Of Fort P~erce. ~~~~~~~i3~;4 ~ iH~ F~ a~~ ~ Fwt Pierce. Flw~da • i~ ~i y~+'~+~ . ~ ~ ~ Q'~ ~ ~;i ~ ' ~ ~ -.,'z",: ~ ~ •Q',~r-- ~ t;:~r - 'j ..r - _ ~ ' iAf"++i) ~ i=, ~ Q ~ e . This Instrument Prepared By JohIl H. ' _J ~~i c. ^y , ~ ;-c U.~ :~.•,z~' ~ ~ First Federal Savings b Loan Association ~it,,~' Q?"' 1~ v' of fort Pierce~ F1o2'ids ~ ~ ~ ~ Checked By ~ ~ ` ~ S~ , ~ : ~ ~ eooK192 2 ~ :r . ~ 1~s ~ ~ ~ ~ _ ~ _ _ . - - - . . ? - . ~