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Home My WebLink About2148 3. To place and continuousiy keep on the bui!d~ngs now or hereafte~ s~tuate on ~a+d land and on all equipment and perso~ally covered by this ma sge, with •11 premiumi Ihercon pa~d in full, firo insurancc ~n thr uwal standerd policy fo~m, in • ium •pprored by the MORfGAGEE, and wind~~o insurance in the usual standard poGcy lorm, in a sum approvad by the MORTGAGEE, in tuch company a companies as ~he MORTGAGfE m direch end alt fire and windsrorm inwrante poGues on any of ~aid build~ngs, any inleresl therein or part thercof, in 1hs a99regate wm aforetaid in excess Ihereo(, ~hall cor+tain the usual slandard mor~gag~e clause a such o~her clauie as the Morlysgea may requ~re, makin9 ~he losi under s~~d po des, each and every, payable to said MORTGAGEE as ils ~nrrresf may eppear, and cach snd every s~ch poi~cy ~hall be promp~ly sss gned and delivered ~ any held by sa~d MORTGAGEE ~s t~riher sec~~~~y ~o sa~d mortgage debl, and, not less Ihan ten (10) days i~ advance of ~he expiration of each poticy, to d. livar to said MORTGAGEE a renewal thereof, Iope~her with a rece~pt for the p~e~tiium o( such renewal; and there shall be ~o fi~e or winds~or~n iniurant pleced w? any o1 said buildings, any infereit tficrcln o~ part Ihe~eof, un!ess in the (orm and with the loss payable as aiwesaid; and i~ the event any iun • o+ money bccomei payabte under such policy a poGcies said MORTGAGEE sha11 have the opt~on to recrive and appty the same on account of ihe indebted ne~s secu~ed hereby a to pamit safd MORTGAGORS ro receive and use it a any pa~t ~he:eol for o:hrr purposes, w~~hout ~h~.~o~ waiving o~ ~n,pair ~~g a~y equ~ty, I~en w ~i9h~ under or 6y virlus of ~hia mo::gage; and in ~hs event sa~d MORTGAGORS shatl for any ~easo~ fail to keep the s~~d prem~ses so insured, w isil to drliver promptly any of said poLc~es of insurance to sa~d MORTGAGEE, o~ ta~t promptly ro pay fu71y any prem~um therefo~ w in a~y reaped fail to perlorm, d;scharge, execute, elfetl, comptete, comply wi~h and abide by this covenan~, w any part hereof, said MORTGAGEE msy pl~ce a~~d pay (w such insurance or any part therco( without warvireg or alfectiny any option, lien, equ~ty, or r~gM under or by virtue of th~s MatgsQe, and the full amouM o( exh and ere~y such payment shall be ~m~ucl~ately due and payable and shal~ bear interesl irom the date thereoi un~il paid at the rate ol ~~ne pet centum pe~ annum and to~r~her with such i~iterest shali be ~ecured by Ihe lie~ of thi~ morfgage. e 4. To permit, tommil a suffer na wasts, impairnwent or deterioralion o4 said property o~ a~y p~rt thereof. S. To pay aIl and singular the cos~s, charges a~d expenses, includ~ng a reasonabte attwney's fee and tos~s of abstracts oi titte, incur~ed or paid st any time by said MORTGAGEE, because w i~ the evem of ~he fe~ture on ~he part ot the said MORTGAGOR to duly, ptomp~ly a~d fully perfwm, d~uha.ge. a.ecute, effect, compte~e, comply w~th and ab:de by each and every the stlpulat~o~s, ag~eements, condi~~on~, and covenants oi said promissory note and this mwtgage ~ny or eithe~, and ia~d costs, tharges and eapenses, each and every, shall be immediately dve and payable; whether p not the~e be notite de~ mand, atlempt to collect or fuit pend~ng; and the futl a~nounl of each and every s~ch payment shall bear interes~ from the date the~eof until paid at the ~.~~e o~ ~ine per ce~tum per annum; and all said costs, charg~s and e,epenses incurred o~ paid, together wJh suth i~terest, ihall be tetured by Ihe lien of thef mortyage. Q Tha1 (a) in fhe event of any breach of Ihis Mortgage or default on ~he part of the MORTGAGOR, w(b) in the event any of tald svm~ of mone~ herein roferrrd to be not promptly and fully paed within tl,~r~y (30) daya next after /he same 3evcratly betome due and payabte, without demand or notice, or t?K e,Knt each and every rhe sripufations, ag~eemeNS, tendiNOns and covenanrs of sa:d promissory note a~ th~s mo~tgage any w either a?e not iuty, prompHy u+d fully performed, dacha~ged, executed, effeued, cunpleted, con+plfed with and ab~ded 5y, then in e+~her o~ any s~ch event the sa~d ag g.egate sum mcmioncd in said promissory rtore thrn remaining unpaid, w~th inferest accrued, and aIl moneys aecured hereby, shall betome due aod p~y- ab.e forthwith, or thereaEter, at the opt;on ot sa~d 610RiGAGEE, as fully and canpletc~y as if all of the said sumi of money were wginally s?ipulated to be pa~d on such day, anything in sa:d pro~n~ssory note o~ in this Mwtgage to the con~rary notwi~hstanding; and therevpon w therealter at the oprion of sa~d MaRTGAGEE, w~thouf no?ice or tiemand, sw1 at )aw w in equ~ty, there(ore a thereaher begun, may be p~osecuted as if all mw~eys fetured hereby ha~ tnaturtd pI~O! t0 rtf inStitWion. 7_ That i~ the event that at the beginn;ng of or at any time per.ding any suit upon this Morigage, w to foreclose if, w to reform it, o? fo enfwte payment of any daims I+e~eunder, se~d 1L1pRiGAGEE shaN apply to tha Courf having ~u~~sd.dion thereof for the apy~o~mment of a Receiver, such Court ahall ferthwith appoint a receiver of said mwtgaged property al1 and singular, inciud,ng aIl and s~ngu~ar the income, proi~ts, issues and revenues from whatever ~ source derived, each and every of wh~ch, it being tap~essfy ~nders~ood, is hereby mor~gaged a~ if spec~ficaity xt fath and described 'en the Qrant;ny and h3txndum cla~ses hereof, and such Receiver sha11 have all the br~ad and efiecrive funct,ons and powers i~ anyw~se en?rusted by a Covrf to • Receiver, and s~ch appointment shall be made by such Co~rt as an ad~»itted equity and a matter of absolute riyht to aaid MORiGAGEE, and without reference to the adequacy w inadequacy of the vatue of the prope~ry mortgaged or to ~he so;vency or ~naolvensy of said MORiGAGOR p the defendanh, and that iuch re~~s, profits, into.ne, issues a~d revenues shall be applied by s~ch Recerver acco~duig to the lien or equity of uid MORTGAGEE ~nd the practice of ivch Court. 8. To du~y, prompt;y and fufty p~rfo.m, discharge, execure, efFett, complr~e, cort~ply w;th and abide by eacb ~nd every the stipulations, ~grKmentt, conditions and covenants in sa~d promissory ~ote and th:s mertgay? set forth. 9. That in the event the ownership of the mo~tgaged prem~ses. o. any part thereof, becomea vested in a person other than the MORTGAGOR, 1M MORTGAGEE, its successas and assigns, may, w~rhou+ no~~ce to the MC~RiGAOR, deal with such successor or successor in imerest w~th rtlerence to this ~•o~~gage and the debt he~eby s~cvred in the same n~anner as w~th Mortgagor without in any way vif~ating a d~xharging the Mwtgagors' liability here- under or upon the deb~ hereby secured. No sa!e of fhe Frem~ses hereby mortgaged and no forbearance on the parl of the I'J~ORTGAGEE a its successors or ass~~ns and no eate~sion of the rimz for rhe payment of the debt h~reLy secured given by the MORTGAGEE or its suctesson or auigns, s~wll operate ro reiease, d~scharge, mod~fy ~hange or affect the orig~nal liab,l~ty of the MORIGAGpR Fxrein, either in wMle or in part. 10. It is specifically agreed that time is of the essen~e of this contract arsd Ihat no waiver of a~y obligat~pn hereundei or of the obliyation se- c~red hereby shati at any fime thereafter be heid ro be a wa~ver of the term• hereot o~ of the instrument setured F~rby. 1 I. In acid t;o~ ro the forege ng monrh!y payn,ents ofi ~:rinc aat and imerrst req~~red by the prom:swry nore secured hereby, mortgagor eovenants a~.d agrees to paY to mortgagee ~nith each momhly payn~ent an add~riona! sum es~:•,ated b~ mortgagee to be equal to 1~ 12 of the annual cost of the fotlow- ing: A-Alt real property taaes tev,ed or assesscu agai•,sr th: above descri~ed real estate. • • B-Prem~ums on iire and w~r.dsto•m insu.ar,ce as herc~n requ;red to be carried on thc improveme~ts sitvate on the abovc destribed premises. C-Prrm~ums on wch mong;Qe guaranty ;esu:a~.ce as ma~tyagee shalt from t:n,e to time deem fit to carry on the loan secured hereby. Mortgagee sha!~ 'rom t~me to t~n,e nor~f; meny,gor ~n writ~~g of the amau~t doe and payabSe 6ereundrr and such sum shal~ thereupon be due and c~,able on" the due date of the nert momh:~ payR~er~~ ai~d each successive month thereaft~r uctil mo~tgagee shall notify mortgagor of a change in suth n•:o~~t. S~ch sums s~ali bc app~~ed by mwtgayre roward the payment of real property taxes, insurance prem:ums, and m«tgage g~aranty iosurance o~emiums. I WITNfSS YiMfRFOf, the said MORiGAGOR has hereunto set his har.d and aeal ~I~e day and r firtt afwesaid_ ned, Sealed de ered ' e p~exrtte of: _ ~ ~ r ftlEC aN^ ~~CCZDED q ~ ' _ ST. LUCii ~~t1NTY FLA. RG;f'r F~«R~S ~ (~'n - CIERt t;~~~Ul~ COURT ~,q - RECORn Y~ ~?FiEu f~aj) ; S~ATE OF FLORIDA ~E~~~ 2 sa PH tT I ' st. Lucie i- i COUNTY OF 'I B~fwe me penonally appeared - F._9t.@S WI'~p.~1t ; Doris LOt1~3@ ~I'~~lt. his w~{e, to me well known er+d known lo me to b~ E the ind;viduals descr~bed in and who eaecuted the foregoing instrument, and adcnovv{ ed before me that they executed Ihe wme for the putposet ` t?,ue~n exp~e~xd. And the said _ I~ri3 ~OUiB@ ~I`i$~1~ t ~ X:fe o1 the sa~d g8t.68 WI'fEj~lt ' r~+~e ;s~:~ ~d priwt~ e.aminat~on by me taken Kparate and apart 1rom her said husband, ecknowtedgcd 1a and before me that ~sha exetu `i 'i Mwd vplurn ~a~~lY and w~thout any computsion, tonstraint, a rehens, or fear of or 4rom ~ PP husband. -~ti~ a - ~ -~t~~ i.~ ) :i ~ WITNESS my hand and ofiicial seal this_ /7~1?_ day o •S@ $~2~~".`\r~~~,: s- -'~j~,•~' 19 . . _ Natary Public in a++d ~d?==1~iA p ~ at.t,~ Return To: My Commission ~xpirql,'~'' ~s ~r' . • ' • - ; . NOIARY P l f$ A 1E~ e~ F~1~~ 1 af ~ firit federal Savin~s 6 Loan Associat~o~ i titr cari:?~~3;, ~•f~cpikee.3 3,f ~ !'75 Oi Fort P erce. ' BGf1tSh1 By ~ ~j g Tip,~ Fort P~erce. Florida '~~pr~~ ' 1l"3 ; ; This Instrument Prepared By J. D. ~~},~in ~ ` First Federai Savings & Loan Association ; of Fort Pierce ~ Floi'id8 i r Checked By so~K~.95 PA~E2146 ~ l~s - _ - v- - - - - - ~ - - -