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Home My WebLink About0722 3. To place ~nd continuously ke~p on tM bu~ld~ngi now or heresfter ~ituete on ia~d land and on all equip~nero and persanaliy covared by ~hi~ ma~9- j p~, with •11 premiums thereo+? paid in full, fire insurante in ~he u~usl ata~xisrd polay form, In a s~~n aHpioved by the MOR(GAGEE, and wi~dstorm S inavrance i~ tM uwal uaodaid poGq (am, in a ium approved by the N10RiGAGEE, in iuch company o~ compan~e~ as ~he MORTGAGEE may ~ diraclj and all (ir~ and wi~dstorm Insura~te po~icies on any ot said build~ng~, ~ny interes~ the~ein or part thereol, in tha aggrega?o sum aforesaid a ~ In ~xc~u thereof, ~MII contain the uiuil itu+dard mor~g~gee clauie a fuch o~her clauss ~he Mortgagee m~y requ~re, ma~~ng ~?w ~csi urxle~ sa~d polF t ciss, each ~nd eve~y, paysb~~ to said MORTGAGEE as its interes~ may ~ppe+r, and each and every such pot~cy ~hall be prompt~y +is y~~ed and delivercd to •ny hsld by ~aid MORTGAGEE a~ fur~her tec~rity ~o said mortqags debt, and, not leu ~han ten (10) day~ in advance o1 the erp~~alion oi each policy, ta dr liv~r fo aid MORTGAGEE ~ rtnewal thereof, lopath~r with a rete~pt for ti~e premium of such ~enewal; ond ~here sl~all be oo f~re or windstonn int~ranc~ pl~c~d on ~ny o1 iaid buildirg~, any inter~at therei~ w p+rl thereof, unlesa i~ the form snd with the loss psyable as efaess~d; and in the evenl any sum t ol money becomei p+Y+b~e ~ad+? ~uch policy w policies said MORiGAGEE shall have ~he op~~on to rece~ve and appty ihe iame on accoun~ af ~he indebted- ; n~sf secv.ed he~eby w ro permit said MORTGAGORS to reteiv~ ~nd us~ i1 p any part ~hereof lor othcr purposcs, v~i~hout ~h,r~ur w~~v~~~~ or ~n,pair- inp any p~ity, lia? w riqhl und~r or by virtw of Ihis mortgage; ~nd in ths event ta~d MOR1GaGQRS sAa!I for any reason fa~l to keep ~he seid premiscf so insured, w fail fo d~livK promptly any af said polKies o( insurancs to said MORIGAGEE, a iail promptly to pay fully any p~em~um ~herafor w in ~ny rsspect f~il ro perform, diuharge, ~xecute, elfed, compkte, con+P~Y wi~h ~nd abide by th~a cove~en~, a any par~ hr~eof, said MORTGAGEE may pl~ce +~+d pay fo~ tuch iruv~anc~ or ~ny part tMreof without w~ivii?p or a(fec~ing any option, lien, cqu;ty, w r~ght under or by virtue of this Mor~gaye, and the full ~mount of tath ~nd ~~~ry s~th paym~nt iAal~ be immediately dus and payable and shall beer interest from tha dste thereof u~til paid N the ra1~ 01 nine per c~ntum pa ~nnu~~ and toqether with suth interest sl~all be secured by ths lien of thii mortgage. To ptrmit, commit or ~uffer no w~it~, impairment w deterior~tion of ~aid prope~ty o~ any part thereof. S. To p~y all a~d sinyutu ?he cosri, tMrQss ~nd •xpe~sea, including a reesonable atto~ney's fee and costs of abs«acts o( tille, incurred or paid at sny time by uid MORiGAGfE, bacause a in the ~vent of ths-fs~lure on the pa~~ of ~he said MORiGAGOR to duly, p~anptty and fu~~y pa~torm, d~schargs, exetute, ~((ecf complete, toinp~y w~th and ~b;de by each ~nd every the stipulahons, agreements, conditions, and cover~ants of sa~d p~anissory no~e and th;~ mat~aye any o? eilhe?, and iaid tosfs, tMr9es and expenxs, each •nd every. shatl be imrned~ately due and payable; whe~her or not ~hero be nonce dr mand, attempt ro collect or auit pendin~; and the full amount oi each and everY such payment ahall bear i~teres~ from ~he date thereof until paid at the rate of nine per centum per anoum; end all said costs, cM~pes and capenses incurred or pe~d, togettxr wuh such ~ntarest, shaU be secured by the lien oi th~~ matpap~. ' 6. That (a) in the evsnt of any breath of this Mwt9~ge a de(ault on the part of the MORTGAGOR, o. (b) in the evenl any of sa~d sums of mo~e~ herein ~efeired to be not promptly and }ully paid within thiny (301 days~next after the same severatly ~ecort~e due and payable, wittwu~ dernand w m~~ce, o? (c) in the event each and evay the sfipvlatiw~s, agreements, conditions and covenents of sa.d promi:wry note and th,s morfgage any or either ~re nol ~ ~uly, promptly and iully perfwmecl. d~schar9ed. executad, e(fetted, completed. compl~ed w~th and ab~ded tiy, then in e,ther w any such evem !he sa~d s¢ ! g~eyste wm mtntioned in said promisiwy note then remaininfl unpa~d, with interest accrued, and all mo~~ey~ secured hereby, shatl b~ome due ~nd pay- •ble forthwith, or thereafter, at the option of said MORTGAGEE, as fully and completely as if alt of ~hr said s~ms of money were orginatly st~putatcd to be pn~d on such day, anythirg in sa~d promissory note or in thi~ Mortgagc to the co~vary notwirhstand~~ig; and ~hereupon or thercatte~ a~ the opt~on of - ssid MORTGAGEE, without notice or demand, s~it st law a in equity, therefore or thereaiter begun, may be prosecuted as if sli moneyf srcured hereby had m~tWld pr~Ol to in institutiOfl. ~ 7. TMt in the event tMt at the beginning of or at any time pending anY suit upon this Mo.~gage, or to faeclose it, or ~o re{orm it, or to eniorce payment of ~ny cla+ms hereunder, said MORTGAGEE shall apply to the Court having ~uri~d~cron thercof for the ap~o~roment of a Rece~ver, such Cour1 ahall fo~thwith appoint • receivei of said mwtyaged property all ~nd singular, incl~d~ng all and s~ng~lar the ir.come, prof~ts, isaues and revenuei from whatever wurce derived, each ~nd every o1 which, it beinp expressty understood, is he~eby matgaged at if speci(~cally set forth and deacribed in the granf~ng a~d habendum c~avsea hereof, and such Reteiver shall Mve all 1he b?osd and effecrive funct~ons and powers in anyw~se entrusted by a Co~rt to a Receiver, and such appointment sh~ll be made by svch Court as an admitted equity arnl s ma~ter of absotute rigAt to said MORTGAGEE, and vvitlwut re(erence to tix adequacy w inedeqwcy of the value of the property mortgaged or fo the soive~cy a msoivency o( sad MORiGAGOR or the defendan~s, and ~hat such renrs, profin, intome, iu~es and reve~ues shall be applied by such Receiver accord~ng to the lien w eqvity of said MORTGAGEE ~nd the p~actice oi suth CouA. 8. To duly, promptly ~~d fully perform, discha?ge, execute, effect, comple~e, comply with •nd abide by each and every Ihe ~Hpvla~ions, agreementi, conditions and covenants in sa~d promisswy ~ote and Ihis mortgage set fwth. 9. That in the event the ownership of the mortgaged premises, or any part thereof, becomes vested in a person other than the MORTGAGOR, the MORTGAGEE, its succeswn and sui9ns, ma~, without noiice to the MORiGAOR, deal with svch successw or successw i~ i~terest with reference 1o thii a matyage and the debt hereby secured in the same manrter as with Mongagor without in any way vit~ating or dacharg~ng the Mor~gagori liability herr under or upon the debt hereby secured. No a+le of the premises hereby mwtgaged and no forbearance on Ihe psn oi the MORTGAGEE or its s~tcessws or ~uigro and no exrension of the time tor the paymem of the debt hercby srcured given by the MORTGAGE~ or its sucussors or ass~gns, H~all operate io releass, d~scharge, mod~fy cfiange or affect fhe wig~nal tiab~fty of the MORTGAGOQ herein, either in whole or in pa~t. 10. N is spet~(~tally agretd tMt time is of the esunce of ~his contract and that no wsiver of any obt:gat~on hereunder or o( the obligation se- cured herrby shall ~t ~nr tim~ thertaftei be Aeld !o be s waiver of the terms hereof or of the instrument secu~ed herby. 11_ In add.tlo~ to the fwego:ng momhly paymems of prirc pal and imerest required by the From swry no~r secvred hereby, mortgagar covenants and a9rees to pay to mortgayee w~th each monthly payn,ent an add~~ional sum est~ma+ed by mwtgagee to be equai to 1;' 12 of the annual cost of tF~e foilow- ~ng: A-All real property taxes levied or assessed against thc above described reat estate. B-Prem~u~s on fire and windstorm insurance as herein requ~red to be carried on the improvemenb s~tuete on the above dasc~ibed premises. C-Premiums on such mortgage guaranty insurance as mo~tgagee shall from r~me ro ti~ne deem tit to carry on the loan secured hereby. i Ntortgagee shail from time to time noti(y mo~tgagor in writing of the a~s:ou~t d~e and payable hereunder and such suT shall rhereupon be d~e a~d ' Gayable on the due aate of the next monthly paymeM and each successive month thereafter until mwtgagee shal~ notify mo.tgagor of a change in such amo~nt. Svch sums shail be applied by rtwrtgagee towa:d the payment of reat property~ taxes, insurance prem.vms, a~id morlgage gua+anty inwrance o~cmiums. ' - IN Y~ITNESS Y~HEREOF, the said MORTGAGOR has hereumo set his hand and seal the day and year ~int sforesaid. Sipned. Sealed snd del' in th~ prefe~ce o ~ ~ fIlEO A~0 RECOR~~ ,n _ F , - ~ LUCIE COUMTY ~~n _ ROCER POITA~s ~ CLERK C~~CUIT COiM* ~ L !lt~r~q ~CpRO vERIF1E0 , ~se.q STATE OF FLORIDA 3 ~2 eM' ~ouNTM oc St. Iucie } 214318 e~f«~ ~ ~..«,.u„ F. L. Wallace .,,a e his wife, to me well known and known fo me to b~ The ind~vidwl~ desuibed in and who executed the fwe9oirg instrument, ~nd scknowl ed befws me that they executed the same fo~ the pwposes therein saprtssed. And the ta" ~~8 ~ltb ~'"~-e «~fe of tM said ~ ~ _ upon • seQu~t~ ~nd privat~ ei~m~n~tiwi by me taken teparate a~d apart from her said husband, acknowiedged to end beiore me tMt fhe executed sa~d instrument fr}r1~1 and volun- rar~iy and w~~hout any compv?san, constraint, •pprehens~on, or fesr of or fiom her said husband. ,s WITNESS my hand ~nd offitid sed thiL_ day of ~ A. C. ,19.~J..i. ~ " _ ~ ` l ..J\=X=' - . , ~ • T Noury Pubtic in and i th/ State of Flaida ~t.~. . My Comm~ssion eapires: ~l ~ 'Y q ~ Rewm Ta NtJTARY PUDl.iL' STATf_ r!F FLO't! . ~ •'t"{ ~ ,`r - First Federal Savinpf 3 Loan Atfociafion M~. { .~A p7 ~~u~:~ J ' ` r _ ' . 2S%: ; ~ ,;J Of Forf P~erct. ~F.N:. „i. i r . i 'r t~~,~is~;.~($. INIr.G~~' ' Fwt P~e+ce, Flwida ~ ~ r~~ 3-a-~s ' ~-f.~' y. ~'%'r,; . ~t ~ , This tnstrument Prepared By dOhD W. COlliflB ~ First Federal Savings b Loan Association ~ of Fort Pierce ~ Flol'ida Checked By IOOK 19~ PACE 1 s . J - - - - = v~~ :