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Home My WebLink About1145 ~ 3. To place and continuously keep on the bui:d~ngf now o~ hereafter ~ituate on eaid land a~d on a~~ equipmeM and penonally covered by this morrg- ~gs, with •11 promiums thereon pa~d in full, fire insurance in the ~sua~ swnd,~rd po.~ty form, in a s~R~ ay.~rowed by the MOR~~•~GEE, and w~~:dsi~~~n insura~ce in ths usual itandard pol.cy fo~m, in a sum approved by the MORTGAGEE, in svch con,pany o? compan~es as tl~e A~ORTGAGEE may directj ~nd all fire ~nd windetorm inwrante po~~cies on any of sa~d build~ngs, any inte.est the~ein or pa~t thereof, in the agg~eyate sum alorosaid w i In exceu thereof, fhall contain the usual ata~~dard mortgagee clause ar such other clause a: the Mo~tgagee may requ~re, making tha Ioss w~der sa~d pofi- F cies, eath and every, p~yable tp ssid AtORTGAGEE as ~ts iroereit may appear, and each and every such poi~cy shall be promptty ass gned and delive~ed to y sny held by said MORTGAGEE ~s further secw~ty to said mor~gage debt, and, nof less ~han ten (101 d.~ys in adYa~xe o( ~he exp~rat~en ol each pol~cy, to da fve~ to said MORTGAGEE a renewal thereof, to9ether with a receipt for the premium of such renewal; a:~d thare shail be no Lie o~ ~inds~o~m inwrance placed on ~ny of s+id bui~d~nys, any interest therein w pa~t thereof. unless in the lonn and with the loss payabie as aforesaid; and in the e~ent any sum of money becomei payable under tuch policy a poGcies said MORTGAGEE shall have ~hr opr~on to rec~~YC and appty the sa~»e on accoum of the ~ndebt~d- ~ess setured hereby a to permil said MORTGAGORS m ~ece~va wncl use it c•• +~y ~r•• ~~re^~ ~^r o:~~• r;;u~t ,s~s. ,•,;~ho~r ~h o( \11f'ri or ~~~~p,;~r• ing any equity, lien a righl under w by vinus of this moregage; and in the event sa~d MORTGAGURS shall tor any rcason fail to keep the said prem~sc~ so insured, o? fail to deliver promptly any of said policies oi in~u~ance fo sa~d MORiGAGEE, or ia:l p:on,ptly to pay f~lly any pre~n~~~n the~efor or in any rospect fail to perform, d~scha~ge, execute, effect, canplete, comply w~+h and abide by this covenaro, or any par~ hereof, sa~d MGRivAGEE may place a~.o pay for suth insuronce or •ny part thereof without waiving w affecting any option, Uen, equ~ty, ~r ~i~M unler or by virtue of thls Alortgage, and the tull amounl of eath and e~ery such paymeM shall be immediately due and payabfe and shall brar intc~est from ~ha date thercof until p~~d at ~he rate ot nine pe~ te~tum pe~ annum and to~e~htr with futh inte~est shali be secured by the lie~ oi th~s mortgage. 1. To permit, commit o? sufter no waste, impairment a deterioration o1 sa~d property w any r art thcreof. S. To psy all and singu~ar the costs, charges snd expenses, including a reasonable attorney's fee and cos!s of abstracts o( title, i~curred or paid at any time by said MORTGAGEE, betause w in the event of the failure on the part of the said MORTGAGOR to du~y, pro•^.~pHy and fu~~y per(orm, d~scharge e,cecute, ef(Kt, complete, comply w~th and ab:de by each and rvery the ~tipu!ations, ag~eem~nts, condit~ons, and cove~~anfs of said pron,r>sory note a+~d th~s ' mortgage any w either, +nd said costs, charges and expenses, each and every, shall be immed~atety d~e and payab~e; whe~her or not ihere be nonce d~ t mand, attempt to collect w iuit pend~ng; and the full amoun? of each and every wch paymer.t sn.;!I bear ir,terest from ihe dare thereot until paid at the rafe o~ nine per centum per snnum; and all said costs, charges and ex;xnses incurred or pa~d, toyctLer .v~th such uife~rst, shall be secured by the I~rn oi th~s mortgaye. 6. That (a) in t!u event of any breach of this Mortgage or default on tFw pa.t of ti~e MORTGAGOP„ or ;b) in the event any of sa'd sums of money herein referred to be not p~omptly and fuliy paid within th~rty (303 daya nea~ 5frcr-+k~lame saLerai~y beco~re due and payable, w~~hou~ demand or not~tc, or (c) in the evem each and every the stipulations, ag~eements, cond~r;ons and covenants of sa d pro~»isw~ y~~ot~• and th,s n~orrgage any or enher aie nol ~uly, prompHy and fully perfamed, d+uharged, executed, eifected, completed, comp!:ed w~th ar.d a~:ci.d 5y, ihzn :n e~thrr or any such event ~he sa~d a9~ gregate sum ment+oned in ssid promissory note then remaining unpaid, with interest accrued, and d~l moneys secured hereby, sha!! be<ume due and pay able forlhwith, or thertafter, at the option of said MORTGAGEE, as }uliy and complere~y as i1 a~t of the s~~d su~~~s of money ~mere ongina~ly st~puiated to be pa~d on such day, anything in sa;d prom~ssory note or in fh~s Mortgage to the comrary no~~n•~~nsrand~~.g; and thereupon or tMk~cafrer ai rhe opr~on of na~d MORTGAGEE, wnhovt notice w demand, suit at law a in eq~ity, therefore or Me~eaher brgun, may be prosec~ted as ~f a!I moneya secured hereby nad matured pr~w to ~ts institution. 7. That in the event Ihat at the beginning of or at any time pend~ng any su~t upon this Mo+tgage, or to foreclose it, w-io reiorm it, or to enEorce paymeot o1 any claims hereunder, said MORTGAGEE shall app~y to the Court having ~unsd,ct~on ih~•~rof for the appo~ntment of a Receiver, wch Court shall fwrhwith appoim a receiver of said mortgaged prooerty all and singutar, induci,ng aH a~~d s~ngu!a~ the income, prohfs, issues a~d revenues f~om wF~atever source derived, ea:l: end every of wh~ch, it be~ng expressly understood, ~s hereby mortgdC3E'd as i! apec~(+cal~y set forth and dexr~bed in the grannng a~~d habendum clauses hereof, and suth Rece~ver shall have alt the broad a~d effecrive func~.o~~s and po•.vers in anyw~se entrusted by a Co~~t to a Recaive~, a•:d s:,:h appoiMment shall be made by such Court as an admitted equity and a manzr of abso~~te r:gM to saiti NtORTGAGEE, and w~rhout referente to the edequacy or inadequacy of the value of the p~operty mortgaged or to the so~vency or mso vrncy of :a~d MORiGAGOR or the ciefe~~dants, and that such +ents, profits, incorne, issues artrl revenues shall be applied by such Receiver accord~ng to the lien or equity of said h10RTGAGEE and the pracnce of such Gourt. S. To duly, p~omptty and fully perform, discharge, execute, eifect, co.nplete, compty w~th and abide by each and every the stip~iations, agreemeNS. conditions and coven~nts in sa~d promissory note and this mortgage set forth. 9. That in the eve~t the owr.ership of the mortgaged prem~ses, o~ any part thereof, becomes vested in a person othe~ than the MORTGAGOR, the ,4'.pRTGAGEE, its successors and nss~gns, may, without notice to ti,e MORTGApR, deai w~th svch successor or successor in mrerest ~v~~h ~eference to this mo•tgage and rhe debt hereby secured in the same manne~ as with Mcrt~ago+ w~tho~t in ar,y way vit:ahng or d~schargfng the lllartgagors" (iabii~ty here der w uFon the debt hereby secured. ~~o sale of the premises hereby mortgaged and no forbearance on the part of rhe /1!ORiGAGEE or its successors or assigns and no ex~e~sion of the time for the payment of the debt hereby secured g~ven by the MORTGAGEE or its succesaors or ass:gns, a~~atl operate to reiease, d~acharge, modify change w affect the origmal liab~t~ty of the MORTGAGOR here~n, eithe~ ~n w6oie or in part. 10. It is speufically agreed that time is of the esse~ce of this contract and that no waiver of any ob~~gaf~o~ hereunder or of the ob!igation se- cvred hereby shaG at any time thereafter be t~eld to be s waiver of thr terms hereof or ol the inurumem sewred 'nrrby. 11. In add.t~o~ to the forego ng reo~th!y payments of p*inc"pal and i~~+eres~ ~equ~~ed by the prom ssary no~e s. cu~rd Fier_•br, mortgagor covenants ~~,d agrees to pay to mortgagee with each monthiy pay~nent an add~~io:~al sum ~•st ~.eted by mo-tyagea ro be eyuai to 1 12 of the an:wal cos~ of the fo~iow- ~ny: ' A-All real p:ope~ty taxes levied or assessed aga~•~st thc ahove desc~ib•_d real estatz. B-Prem~ums on fire and ti•+~ndstozm insurance as here~n requ:red to be ca•rfed en the :mF;rovemeits s~tuate on the above d~sa~bed premises. C-Premiums on svch mortg3ge gua~anty ir.surar~ce as mortyagee sha~l frc~• t me to ti~ne deem (it to carry on the loan secured hereby. ; Mortgagee sha"~ f•om tirne ~o time notify mortgagor in wrihng of the a~r.ount d~^ and payable hereundar and such su-n SFi3iI therev~n be due and t.jvable on the due date of the neat month:y payment and each successive mo~~th thereafter uctit mcrtgagee shal~ not:fy mo~tqagor of a change in wch o~r.t. ~ Such :ums sFa:i be apNl~ed by mo~tgagee roward the payment of rea! p~operty taaes, ins~rance prem;ums, and mortgage guaranty insurance .~•emiums. ~ " , IN W17NE55 NHER'cOF, the said MORTGAGOR has hereunto set his hand and seai the day and yeac first af9resaic~ ned, Se ed livered 'n the presence of: ~ _ • Seal) " uss (Seap ~ _ a ~~~L~~ (Seal) ~ (Se~q i t S~ATE OF FLORIDA ~ ~ SS• ~ coun,rr oF St. Lucie i Before me perwnally appearod L~ RuSS _ e~ ~ Era RL155 _ his wife, to me well known and known to me to be rhe individusls descrihed in and who executed the foregoing instrument, and acknowled9ed before me Ihat they e~eecuted the same (or the ourposes rhe~ein expressed. And the said Era R1155 i ~ «~fe of the sald LQA RtISS upon a separate and p~iv~te ~ e.ammarion by me taken sepa.ate and apart from her said husband, acknowiedged to and before me that she executed sa;d instrumem freely and volun- ~a~~iy and w~thout any compulsion, constraint, apprehensign~r fear of or from her said husband. ~ WITNESS my hand snd offic~al seal this_ ~ 7~~"~r _ day of_ A_uQu t _ A. D. 19 71 ~ - ~ Nota~y Public in s~d for the ate f Fbrida at larye ~ My Comm,ssion expires: ~,~~~~7~ ~ Ret~m ta ~ F~rst Federal Savings 3 loan Associat~on t! ~ ~ Of Fo~t P erce. ' ~ Fort Pierce. F'crida ?15195 ~ ~ FILEO AND RECOROEO. • r, ~ y ' , ~ ST. LUCIE COUNT1r FIA. ` . , ~ ' ; This Instrument Prepared ByJohn W. Collins ROCER POITRAS _ _ ~ First Federal Savings 8~ Loan Association CIERK C1~CUIT COURt ' ~ RECORO YERIFIEO~~~ • ~ of Fort Pierce , F1oTida ~ - S~r 1 I 31 PH'T! Checked By - , 0 R - ~0~ sooM195 P~1~43 - - ~