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Home My WebLink About2146 3. To place and continuousty keep on the bu~'.d~ngs now or hereafrer iieuare on sa'rd land a+xl on all equipnero and peno~ally covered by this ma ~gs, with all prem~ums ~hereon pa~d in fuil, fi~e insurance in ~he usual standard policy form, in a sum approved by the MORYGAGEE, and wind~to insurante in the ususl ttandard pol;~y (orm, in a sum approved by the MORTGAGEE. in such company or tompanies ~s ths MORTGAGEE m direct; a~d all (ire and windstorm insurante poliues on any of said build~ngs, sny interest the~ein or part ~hereol, in IM ~gyreg~te t~m aforesaid in excess thereof, shall comain the usual standard mwtgagee clause or such oth~r clause as ths Mortgagee may reQuire, making ~he los~ under sa~d po cies, esch and eve.y, payabte to said MORTGAGEE as ~ts ~ntere:t may appear, and each and every sucA poiicy •hall be promptty as~ gned ar+d delivered ~ any heid by said N10RTGAGEE as (urther security to said mw~gaoe debt, and, not leu than tcn (10) days in advance of the expiration of each polity, to d~ liver to said MORTGAGEE a renewal thereof, lo9ether with a receip? for the premium ot fuch renewai; and there shal) be ~o fire or windsto~m insuranc placed on any of said build;ngs, any interest there~n or pa~l the~eof, unless in the form and with the loss payab~e as afweaaid; and in the evenl ~ny s~n of money becomes payable under such policy w polKies said MORiGAGEE shall fiave the opt~on to receive and apply tne same on accounl oi the indebtrd ness secured fKreby w to permit aa~d MORTGAGORS to retaive and use et p any part thereof lor other purpases, w~~hout therib,r waivi~g or m~pair~ ing a~y equity, lien or right under or by virwe of this mo:tgage; and in the event ta~d MORTGAGORS shall fw any reaso~ iail to keep the ssid premiies so ~naured, pr fail to deliver promptly any of said policies of insuraixe Io said MORiGAGEE, o~ fait promptly to pay !ufly any p~e~nium therefw w in any respect fai! to pe.fam, discharge, execute, effecl, complete, cornply wi~h and abick by th~s covenant, w any part hareof, said MORTGAGEE may pl~ce and pay for such insurance or any part thereof without waiving or affecting any option, lien, cquity, or right under w by virtue of this Matgaye, snd rhe full amounl of each and er•ery such payment shaU be im.nediately due and payable and ~hall bear interest from the date thereot until pa+d al the rate ol nine per centum per annum and to~ethzr with suth interest shali be aecured by the leen of this mortyage. 4. To permit, tommit w suffer no waste, impairment w deterioration of said p~operty or any part thereof. 5. To pay all and singulsr the costs, charges and expen:es, includ~ng a reasonsble attaney's fee and tosts of abstratlt of titte, incuned w paid at any time by said MORTGAGEE, because or en the evenr of fhe failure on Ihe part of the said MORTGAGOR to duly, promptly and fully pe~fotm, dycharge. exxute, efiecL complete, comply w~~h and ab:de by each and every ~he stipulat~ons, agreemrnts, conditions, and covenants oi said p?omisswy note and thi~ :nortgage any w e~~he., and sa~d costs, charges and expenses, each and a~e~y, :hall be immediarely dve and payable; whether a not there be no~ice de~ mand, attempt to cotlect w suit pe~d~n9; and rhe full amoun~ of each and e~ery s~ch paymen~ shali bear interest from ths date thereof uMil paid at fhe ~.~~e oi nine per centum p.:r annum; and all said costs, cha~ges and exFxnses incurred w paid, together w~th such inlerest, shsll be setured by the lien of this morfyags. b. Thaf (s) ~n the event of any breach of this Mo~tgage w default u~ the part of the MORTGAGOR, w(b) i~ the event ~ny of said iums of money herein refer?ed to be not pra~~prly and fu~~y paid w+thin thirty (303 days nexi after thc same severally become due and payabte, wiihout demand w nofite, or (cj i~ thr event each and every the stiputar~ons, agreemen?s, cond;f;au and covenants of sa.d promisswy note and ~his morlgsge any a e~the~ ere nol iuly, promptly and fully pcrformed, d~uharged, executed, effected, completed, compl~ed with and abided 5y, then in ei~her w any :uch ev~nt the said g~egate sum mentianed in said promissory note then re~naining unpaid, witA interest accrued, and aN money~ secured he~eby, shall becorr~ due snd pay- nb:e fo?thwith, or thereaftcr, at the option of sa~d MORiGAGEE, as fully and completefy as if all of the said wms of •mpney were o~iginally atipulated ro be pa:d on such day, anyth~ng in sa:d prom~ssory note or in this bla~gage to the conirary ~eo~w~thstand~ng; artd thereupon or therea(te~ at the opt~on of sa;d MORTGAGEE, wirhout norice o~ demaod, auit at law oi in equ~ty, therefore or thereafter begun, may be prosecuted as if all mooeys setursd he~eby nad matured pnor to ~ts ins~itu~ion. 7. That in the event that a~ the beg;nning of or at any ti~nc pending any suit upon fh;s Mo.tgage, or to fo?eclose it, or to refwm it, a fo enforce payment of any claims he~cu~der, said MORiGAGEE shall apply to the Coun havi„g tu~~sdn~on thereol for the appo~ntmeM of ~ Receiver, such Cou.t shall forthwith appo~nt n.eceiver o( said mongaged property atl and singular, inctud~~g utl and smgular ~he irtcome, p,olits, issues and revenues from whetever so~rce derived, each and every of wh~c!,, ~t be~ng expressly undersrood, is t~ereby mertgaged as if specifically sef forth and desvibed in t!x g~anting and nabendum clauses hereof, and such Rece~ver shail have all the bruad and e(fettive fun~t,ons and powers in anyw~se entrusttd by a Cour1 to a Receive~, ~nd s:ch appqintment shall be made by such Court as an ad~nitt¢d equity and a matter of a6solute right to said MOR]GAGEE, and withoul refererxe to the aiequacy er inadeq~acy of the value of the property mo.rgaged oa to ?he sa~vrncy or inso:vency of said MORTGAGOR or the defendants, and that such re~rs, profin, incane, issues and revenues ahall be apptied by auch Receiver accord~ng ~o the Gen or equity of wid MORTGAGEE and the pradite of such Court. 8. To duty, promptty and fully perform, d~scharqa, ezecute, effect, cor+plere, comply wlth and abide by each and every the stipulations, agreements, conditiona and covenanrs ~n sa~d promissory note and th~s mortgage set fwth. 9. That in tAe event the owne~ship ot the mortgaged premises, or any part thereof, 6ecomes vested in a person other tiun the MORTGAGOR, the ti'ORTGAGEE, its successors and assigns, may, wi~hou~ no:~ce to ~he ~~tORTGAOR. dea! wirh sucb successw or successor in inte~est with reference to this .ror~gage ard the deb~ hereby secured in the same manner as w~th Mortgagor w+thout in any way vitiating or d"escharging the Mortgagors' liability here- ~nder w upon the deb+ hereby sewred. No sale of t?re prem~ses hereby mortgaged a~d no iorbearance on the part of the MQRTGAGEE or its successors o• assigns ar+d na exrens~on of rhe teme for the payment of the deb+ hereby secur¢d given by the MOR?GAGfE or its successors or auigns, ahall operate to rNease, dacharge, modiFy change or aff~ct the ong~nal fiau:I~ty of the MORTGAGOR herein, either ie whole or in part. 10_ It is spec~iically rgreed that time is of the essence of this ca~tract and that no waive? of any obligat~on hereunder w of Ihe obtiy~tion se- cured hereby shali at any time rheeeafrer be he:d ro be • vraiver of the terms hereof or of the instrument secured herby. I 1. In add ~ici to the fo~ege ~~g rnonth'y paym.nts of pr[cc ~~l and imerest requ~r¢d by the prom ssory ~ote set~red F~ereby, mo~tgagoa covenanfs and agr_es to aay to mo-tqagee v.~rh each i,ionth~y pay~..ent an add~~~onal s~m e:n,,,d~ed by mortgagee to be equal to 1 j 12 of the annuat cost of the follow- ,ng: A-A(I real prope•t~ taxas le•~~ed or assessed eg3~-}s! nc~ ebove desc~~bcd rea~ estate. B-Pr~n:w ns on tve and windsrorm insurarce as herein requ,red to be ca+ried on the im.proveme~ts s;tuate on fhe bbove described premises. C-P~emiw-+s o~ such mo:tg=ge guaranty irsure~ce as mortgagee shail frem t•,me to t~me deem fit to carry on the loan secured hereby_ Mortgagee :ha~l 'rom ~~~ne !o t~me ncnf~r morrgagor ~n wr;nng ot the amounr due artd payable hereundrr and svch aurn shatt thereupon be due •nd : ayable on rhe due dafe ot ihe ,xxt ,nontti:y payment end each success~ve ,nonth thereaf~cr uct71 mortgagee shall not;fy morrgagor of a change in wch ,•~o~m. Such su=ns s!~a:l be app'~ed by mo.tgagee to~,ard the payment of reat property t~xes, insurance prem:ums, and mortgage guaranty insu~ance n~emiums, j WlTNESS WNfREOF, the sa~d RTGAGOR has F.ereu~to set h~s hand and seal he day •~d ye ? fint afwesaid. Si Sealed a~d de ' in t e p se~ce of: ~ ' itt;o av~ REC040E0 «rT n ST.IUC~E COUNTY FU_ - ROGEn POITRAS --f- ` (Se.t) CL~RK ~?RCUtT COURt t -L». c~,, d_ p« ,c.s = i • T ~Sean ~ - RECOt'D vEa+iiEO~.,.~,. , _ cs..n i 5 i A1E OF FLORIDA ~Q 2 se PH ,T' ~JUNTY OF . St. Lucie ~ ~W~ Befo~e me penonally appeared Ea Ti E Swa rt z Th4+ a_o~ Swa rt z h~s w~(e, to me well known ~qd .ic~qwn to me to be the ind~vidwls descr~bed in and wFw execueed tha foreyang instrument, and ackno.vtedped before me that they exftufad~:~E ~.pyIpo~es ~he.ein expresxd. And the sa~d _ The11Fl~ Louise 91YdttZ ' 't% ~ .~~fe of the sa~d Edtl. wartz t~,; ~h~» ~ e*am~nat~on by me taken sepa.ate and apart from her sa~d husband, stknowledged ~o and belwe me that ~he ex ~ ' ~_~~p(y~ ~an;y and w~thout any compuision, constra,nt, apprehens.on, w fea~ of w from her taid husband. ~,ti! . : WITNESS my F~and and o~fidal seat tFis_. .___~7_~_~_ dey of Se tember. ~ ~ >,s ~'4 `r ( , . . -.1= . . . . $ • ~ `i i• '1j i~l~; ~ _ - Noary Public .~d ro~,:ii;;, aK, ,~E~,sd~i.a y,~. My Commission ~~pi? Rct~rn T~: ~t[ Of flQ~~~ n LAP,GE fint federal Savings 6 loan Assec~at:on +i1~r~N~t3~'~'1~.,~.~1~`~~~~ fSirf. 25. 19T5 Of Fort P <.cA ~pQd~~ ~f~WR ~1~4fi ((IiY(2fKE ~A. ~ , fort P~erce; F~cr:d~ ~ ' ~ _ i i ~ This Instrument Pre~ared By John Iti'. Collins ' ' First Federal Savings & Loan Association ~ S~ ~ ~ j of Fort Pierce , Florida ! Checked By ~ . gooKi95 ~?~E2144 ~ ~ 1;5 - - - - - - - ~ _ ~