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Home My WebLink About0013 3. To place and continuouyly kcep on the buildings now w hereafi~r situate o~ said ~and and on aN equip~neM and personally covered by this mwtg- sgs, with a!i piemiums fhenoe? p~id in iull, fire in~ur~nce in the usuaf atanda~d poficy (orm, in a sum aFproved by the MOR~GAGFE, a~~d w~ndsto~m insurance in tM usual ttanda~d poGcy torm, in • wm app~oved by the MORTGAGEE, in s~ch company or compaoies as the MORTGAGEE may ' directi and ~II fi~~ ~nd wi~+dstorm inw~u+ce polic~es on any o) said build~ngs, a~y interest therein o~ part thereo~, in ~he aggrega~e sum afwesaid o~ j in exteis thereof~ sMll contain Ihe usual ~tanda~d matgapee clause o~ such other clause as the Mwtgagee may reau~rs, making the toss under sa~d poli- ~ cies, each and every, p~yable to said MORTGAGEE as it~ interrst may appear, and each and eve~y such po+~cy shall be p~omptly assgned a~d delivered ~o •ny beld by sa;d MORTGAGEE as f~rther security to said mor~yage debt, and, not less ~Mn ten i101 days in advance of Ihe expirat~on of each policy, to dr ~ liver fo faid N60RTGAGEE a reoewal thereof, together with a rece~pt ta the premium of tuch renewa!; and ther~ shatl be ~o f~re or wi~~dsrorm insurance t p~Ked on s~y of ssid b~rildings, any inrerest fh~iei~ w part thereof, unless ~n the form and with the loss payable as aforesaid; a~d i~ the' e~eent any sum 3 of money becort+e~ payable veder ivth poliq or policies said MORTGAGEE shall have the opt~on fo receive and apply the same on aaount oi the indab~ed neu setu~ed hereby or to pamil said MORTGAGORS to receive and use it or any pa~t thc:eof io~ o:ncr ~:Ltf+J3f5, Yi.~ho~t ih_~.o~ wai.i~~ or u+~pa~r- ing any equity, lien w riqht ~ndcr w by virtue ot lhis mo:t~age; and in the eve~~ sa~d MORTGAGORS shall 'w any reason fail to keep ~he sa~d prem~sca so insu?ed, w fail fo delivar promptly any of said policies of insurance to said MORTGAGEE, or iail p:ompt~y to pay Tulty any pre~++~um thereta or in any reap~tt fail tQ perform, disch~~ge, exetvte, eflect, completa, comply wi~h and sbide by this covenant, a any par~ hrreof, sa~d MORTGAGEE may place and pay fa suth inswaMe w ~ny part ther~pf without waivin~ or affeding any optip~, lien, equny, or right under or b~ vir~ue of this Mo~tgage, snd the full amounf of each and ~very such paymeM shall be im~nediatety due and psyable snd sha!! btas imeiest ffom the datg thereof until pa~d a~ the ~ate o1 nine per cent~m per annum and t~ethe~ with such inte~est shali be srcured by the lien of this mortgege. 4. To psrmit, tommit or suf(er no waste, impairment w deterioration of said property or any part thereof. S. To p~y all and ungul~r the tosfs, chsrgq and eapenses, in:luding a ~easo~sable anorney's fee ~and costs o4 abstratts of tit!e, incurred or pa~d a~ a~y time by said MORTGAGfE, becavse w io the event of the fa+lu~e on the pan ot tha said MORiGAGOR to d~ly, promptly and 4~:1y perForm, d~scharge. execute, etfett, complete, comply with and ab:de by each and every the stipul~nons, agreements, cond~t~ons, and cove~~aros of sa~d p~om;asory note and this mottgaye any w eithet, and said costs, char9es and expenses, each and every, shaii be immediately due and payabte; whether or not ~here be not;ce d~ mand, altempt fo coUM or suit pending; and the full amount of cacfi and every such payment shall bear interes~ from the date tMreof until paid at the rate o+ nine per centum per aneium; and all said tostb charges and expe~ses int~rred o~ paid, together wdh such ~nteres~, shall be securc•d by the lien ot th~s mortyige. 6. Tfiat (a) in the event of sny breach of fhis Mortgage or default on tF~ part of the h10RTGAGOR, or (b) in thr event any of u:d sums of money herein refierred to be not promptly and fully paid w~thi~ th~rty (301 days n~xt after fhe sa~,e ~eve:a!Iy become due and payabk, w~thaut demand or nouce, or (c) in the event each and every the stipufations, agre~ments, co~d~rio~s and covenanrs ot sa~d prom~ssory note and th.s mo~tg;ge any or e~ther are ool ~uly, promptly and fully per(prmed, d~xharged, exetuted, eifectcd, completed, comp6ed wnh and ab~ded ~y, then ir~ e.ther w any wch event ihe sa~d ag- gregate sum mentioned in wid promissory note then remaining unpa~d, with interest accr„ed, a~d a~~ moneys secured hereby, sAatl becvme dve and pay- able forthw;th, a~hereafter, ~t the opf;on of said MORiGAGEE, as fuSly and compte~ely as ii all ot ~hr sa~d aums of a,oney vvere ong~~a.ly it~pu:ated ro be paid o~ such day, anythirg in sa:d prom~aswy note a in fhis AAwtgage to the comrary ~otw~thstanding; and ~he.eupon o? thereaf~er a~ N,~ opnoo of sa~d MORTGAGEE, without ~otice or demand, svit at faw or in equity, the~dwe a?Aeieaiter begun, may be prosecuted as if a~l moneys ~ecured hereby had matured pr~p to ib imtitWion. 7. 7hat in the event that at the beginn~ng of or at ~ny time pendi~,g any suit upon this Nlw~gage, or to foreclose it, w to refo.m iL or to enforce payment of ~~y claims hereunder, said MORTGAGEE sha11 appiy to the Goun haviriq jur~sd:ct,on rhereof for the appo;ntmen~ of a Receiver, such Court-shail Eerthwith appoint a receive~ of said ?nwtgaged proQerty all snd singula~, indud~ng ail and singufar t'~e income, p~oi~sm, issues and avenves trom whatever f seurce der~ved, each and every oi wh~ch, it being e:pressly undcrs~ood, ia hereby moriqaged as if spec~i,ca~ty set fonh and descr~~:d ;n ~Ae granr~„g a~d ~ habendum da~xs hereof, and sucb Receiver shali have all the broad and effective funct~ons and powers in anyw~se entrusted by a Cuwt lo a Receiver, and t :~ch appoimment shall be made by svch Court as an admitted equity and a matter of abso~~te r~ght to sa~d MORTGAGEE, and wlrheut reference to the ~ ede ua p i ~ q q nsdequacy o( the vatue of the property morrgaged or to rhe so.vency or .nso~venty o~ said MORiG.SGOR o~ the detendants, and rhat s~ch y renta, profin, income, issues ar~d ro~enues shall be applied by such Rece~ver accord~ng to the lien or equity of said MORTGAGEE and the prxtke of such j Court. , i 8. To duly, promptly ar+d futly perform, d~scharge, eaecute, effect, complete, compfy with and abede by each aiu! every the sr;puiations, agreements, ~ condiYwns and covenants in sa~d prom;ssory note and this mortgage set fwth. 9. Thst in the event the ownership of the mortgaged premises, o. any part thereof, Decomes vested in a perw~ other than the MORTGAGOR, the f MORTGAGEE, its successws and auigns, may, wirhout nptice to the MORiGaOR, deat. with such successw or wccessor in mterese wi~h ~efere~ce to this f mortgage and the debt hereby iecured in ihe same manner as wiih Mortyagor w~~hout in any way vit:ating or d~scha~ging thr Mortgagori Lab~iity hcrr under w upon rhe debt hereby secured. No sale oE the F~emises Fw~eby mo~tgaged and no forbearance on the part o? she IAORIGAGEE or its successors or auigns and no extensian of the time for rhe paymem of the debt he~eby sewred g~ven by the MORTGAGEE or its succeasors or ass~gns, ,~iall operate ro release, d~scharge, modify change or affed the original liab~t~ty of the MORTGAGCR herei~, eittur in whole or in par~. 10. It ia spec~(ically agreed that time is of th~ essence of this tontract and thar no waiver o~ any obl~ga~~on hereunder or of the ob:igat~on sr cvred hereby shaG at any time thereefter be hetd to be a wa~ver of the terrry bereof oi~of fhe instrument secwed herby. 11. fn add t:en to the iorego:ng monrhly paymenrs ot pnnc pal and imeresf ~equ~red by the prom,sscry r~o~e s:currd her~~b,r, mortga~ar ~ovenants ` a~~d agrees to pay to mortgagee with each monthly payrlent an add nonal sum esT:ma~ed bt mortgagee to be equai to 1 12 of thr an~iual cost af the foll0w- ~ng: A-Ait reat properry taaes levied w assessed aga~•ist rhe above descr~bcd real esrere. ' B-Pr~m~i~~~s on (~re and windstorm insuran~e as herefn rrqu:red ro ti? carr~ed e~ the !m~rovrments s;t~ate on thr aFwve describtd premises. C-Prem~ums on such mortgage guaronty ins~rance as mongagee shali fro.•m t me to rlme derm ft to carry o~ the loan secured hereby. ~ Mwlgagee sha f f~om t~me to time notify mortgago~ ~n wr~t;ng of the umo~nt d~e ard payable hereundrr and s~ch su~+ eha:i fherc~poo be due a!x1 ,ayabte on the due dare of the neaf momhiy paym~nr and each success~ve monrh thereafr_r urri: mcrtgagee sha!1 no~~fy mor~gaga of a change in such a~~ount. Such wms s6a i be appi~ed by mortgagee toarard the pa~me~t of real proper~y taxes, insurance prem.vms, a~d mortgage guaranty ;nsurance ;~~emiums. IN ~VlTNESS YCHEREOf, th- sa~d MORTGAGOR has hereunto sd h~s hand and seal the day a ear (irst aforew~d. S~gned. Seated and del~ e~ed in ~e presence of: ~ i~lEO #!1: kfCp~~ ST. LYCJE C~1iMtr it ~"n / ~ RotfR P01TIUS ~ J A. an 1 ts~,iy CIERi~ CtRCU1T COrRT ~y, ' ItECORO nERif1E0...~,.. rances R. Sam le STATE OF FLORIDA Z3 3 s~ PM'~~ ~~uNn, oc St. Lucie , ~43,92 eefwe me peno~aUy appeared Jay A. S„3IitD1~_ a~ Frances R. .Si.BJRD~~ his wiie: to me well know~ ard k~own to en~ tp bs ihe individwlt desvi6ed in and who executed the fore9ang insl.umcnt, and scknowtedged be(ore me that they executed the same for, the pV~poses ~herei~ txpressed. Md the taid h'Y`l3nrP~~_~mn1P ~ ~ .~BV A Samr1~ P . . ~ ~~i ~ . . .~.ite o/ the said ~ Y u~w~7~~fi~~Ml~priv+t~ e.am~nat~on by me taken scparate, a~d apart from her said husband, atknowledged to and before me that she eaecused said. inattyr*At y~f~, ~~tun. ~ar,ly and witlw~t any computsiwi, constroint, appreher q~r fear of w from ber said husba~d. ~ ~ WITNESS my hand and official se~l tfiis- _ day o(_ ~.;j$~_, ~ . Notary ublic in and for t $ta ~y a p ta~ My Co m~ssioo ~xpires: % . ~ ~C Retwn To: Fust Federil Savi ~ANY OUC STATE OF F~Ott1p1~ kj,U1~t~, r~ • ng• d taen Astoc~ar~oo 1r COMMfSS10N EXPIRES MriR. :~M Y~~+lltlel~~i~~~ Of Fon P:erce. OR~NERAL INSURAPlCE UNDFRWRITERS„ Fort P~erca Honda ~ / y ~7J This Instrument Prepared By ~chard K. Kayes ~ First Federal Savings E~ loan Association t of Fort Pierce, FZo2~2da ; Checked By ~ R 1~~ P~E aa~K 13 r . ~ _ _ _ - .cr:.- - . . . _ . ~.r.~....~~ _ . ' c;:' ' ' _ '