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Home My WebLink About2565 ~ 3. To place and continuously keep on thr bu~'cLngs now or herceiter ~ituate on sa~d land and on atl cquipment and peno~ally covered by this mo~ sqe, wi~h •11 premiums thercon pa~d ~n lull, fire 1111Wd~~lC ~n iht uwal t~a~~a~d policy form, in e sum sHptovcd by the MORIGAGEE, and windsto ~niurance in ~he usual standa~d pol~cy for~n, in a su~n eH~~roved by ~he MORTGAGEE, in such canpany or co~npan~es a~ Ihe MORTGAGEE m d~tecl; and all (ire and wirxlstorm insuzente po~~c~i•a on any of said bu~~da~gs, any interest ~herein or pa~l theieof, in Ihe aggregate fum ~fwetaid in excess therav~f, shall co~~toin the usual s~andaid morlgagee c~~use or •uch oiher cleu~e +s ~he Mortgsgee m~y req~ue, makinp ~M loa~ under ~e~d po c~es, each and eve~y, pa~ab!e ~o said h10RtGAGEE a~ ~rs 1n+cr,r~t mey epp.:ar, ancl cech and every wch po~~cy ?hall kx p~omp~ly a~sgned aod defi~e~ed ~ •ny held by i~~d MORIGAGkE es (ur~her secunty to w~J mw~gaye dabt. snd, ~o~ less lhan ten (10) days in adya~xo of the expi~ati~n ol each pol~cy, ro d~ l~ver lo said MORTGAGEE • re~~ewal therrof, ~oye~hr~ wiih a reca~pt tor ~hr prrmwm ol such renewal; and thero shall be no 1~re o? windsto~m in~urant placsd on +ny of sa~d buifd~nns, sny ineerea~ ~here~n o~ pa~~ thcreof, ~rf~s~ ~n the fo~m and w~~h the Ioss payable as afo~esaid; and in ~he evem •ny tu~ 01 money bccanes payable under such policY or pol~cies said MOkiGAGEE at~.,ll have ~he oN~~on to receive and apply the same on eccoun~ of the indeb~ed neis 3Ctwed he~eby or fo permit sa~d MORTGAGORS to recrive and we i7 w any part 1h~•;cof lor oti~~ c pur~~oses, vrithout th~n u/ wa~vi~ig o~ u»p~~~ ~ng any equ~ty, lien w righl urxlrr or by virws ol Ihis n,o:egb9c; and in Ihe eve~~ sa~d A10RTGAGORS shall for any reaion (ai1 to Aeep ~he said premise~ io inwred, or fa~l ro drliver pranptly any of said Ewhc:~s ol insurance to sa~d MOR(GAGEE, a: f~d promptly ro pay lully any premium therefw or in any respect fail to pe~(am, d~scharge, eaecute, elfecl, canplete, co:nply wi~h and ab~de by this covenant, a any parr hrreof, said MGRiGAGEE may plate and F+ay (or such inaurance or a~~y part the~eof without waiving a aifrcring any optio~, lien, equ~ty, w nght u~de~ w by virtue ol this Mo+lgaye, and the iull amovnt of each ar~d e.ery such paymem shalt be ~inmediately due and p.?yabla and shell baar i~te~ei~ (rom tM dete thereof unril paid at ths rate ol n~r~e per centum annum ond Io~~thci vv~fh svch intcrest sh~li be srcurcd by Ihe lien of thts mo?~page. 1. To permit, tommit or su(Fer oo waste, impairmeM a detcrioration of sa~d properly w any paH thereo(. 5. To pay all and sing~lar the cos~s, cR::.yes and e~epe~ses, including a reasonable anwney's fee and costs o( ab~trac~s of title, i~curred o~ paid a~ ~ any time by sa~d MORIGAGEE, bccau:e o~ in the evcnt of the te:lwe en the part of the se~d MORiGAGOR w duly, p~anpNy and fuUy perform, d~uharge. execute, eiiect, comp~ete, co~nply w~th and ab:de by each and eve~y ~he snp~lauons, agreen~enta, condiGons, and covenants o( sa~d prom~ssory note and ~h~i n,ortgage any or e~?her, and sa~J coats, chargea and exµenses, each a~id every, shall lx immed~ately due and payable; whe~her w o01 there be notice d~ mand, attempt to collcct w suit pending; and the full a~nounl of each and every such paym.•nt sh~ll bea~ interest from ~he date thereof until p~id st the r.,u ol nine }xr centum pcr ann~:n; and a~l s.~~d wsts, cha~ges and cxpenses ~nturred w paid, togelher w~~h such interest, shal) be setured by the lien of this mort9age. 6. That (a) in the event of any breach of ~his Mortgage or default o~~ tM part o( the MOR7GAGOR, w(b) in fhc event any of sa:d sums of money herein referred to be not promprly and fulty paid w~rhin thuty ~30) days nexi ait•.r the same severa!ly become due and payable, withoul demend or notice, or (c) in the eve~t each and every ihe stipu~at~ons, agreamznts, condmons a~d covertants of sald promisso~y oote and th~s rtw:tgage any w tither are o01 iu!y, pro~nptly and fully performed. d•s:harged, ezecuted. e(feUed. co~npleted, compi~ed wi!h and ab~ded 5y, the~ in either w any such event Ihe ia~d ag gregate sum memioned in said pranisswy nute Ihen re~naining un~~aid, w~th interrs~ acuued, and all moneys secured hereby, shall become due and pay ao:e forthwith, or thereaiter, at the option of sa~d MOR7GAGEE, as fully and comFletely as if all of the said suma of money were w~g~n~lty a~~pulafed to be pa;d on such day, anything in sa.d p~om~s:ory note or in th~s Mortgaga to the mnua~y notwlthstandi~ig; and thcreupon or thereafter at the op~~w+ of sa~d MORTvAGEE, without not~ce or de~nand, suit at law or in equ~ly, th.:refore w thereafter begun, may be prosecuted ~s i( all moneys secured hereby n3d matured pna to ~ts instituhon. 7. That in the event that at the beginning of or at any time pendi~g any suit upon this Mo~tgage, or to foretlose it, or to reform it, or to enforte payment of any claims herevnder, said MORTGAGfE shal! apply to ~he Court having ~unsdlci~cn theraol for the eppo~romeN of a Rrceiver, iuch Court shall ~orthwith appoint a receiver of said rrzortgaged prope~ty all and si~gufar, incl~d:~~g all and s~ng~lar the income, profits, issues and revenues (rom whatever sevrce derived, each and every of wh~ch, it be~ng expressty ~nders~ood, is kerrby mortgaged as ~f speuf~cally set iwth and deuribed in the groming snd h.3~endum tlauses hereoi, and such Receiver shall have ell the b~cx~ and eiFedive fu~cr.ons .~nd powers in aayw~se entrusted by a Courl to ~ Receiver, and s_ch appointment sF.all be made by such Court as an admitted equity a~~d a matter of absclute right ro said MORTGAGEE, ~nd without referente to the edequaty or inadequacy of the value of the property mortgaged or to the so~vency or inso~vency of said MOR[GAGOR w the defendants, and that such re•~n, profits, inco.ne, issues and revenues shall be applied by auch Rece~ver accord~ng ~o the lien a equity o( said MORTGAGEE and the practite oi such Court. 8. To duty, prompt!y and fully perform, discharge, exec~te, effecl, comp!ete, compty with and abide by each and every the stipulations, agrcementf, conditans and covenants ~n sa~d promissory note and th:s ma~rgage set forth. 9. Thst in the event the ownership of the mortgaged pren,~ses, or any part thereof, becomes vested in a person other than the MORiGAGOR, tha ~'.ORTGAGEE, its w«esson and ass~g~:, may, w~~houf noi~ce re the MORTGAOR, d~a! wnh such successor w successw in iroeres~ wieh reference to thii - mo•~gage and the debt hereby secu~ed in the same manner as w~th l,tortyagor without in any way vitiatin~ or d~scharging the Nbrtgagori liability herr ~~~der or upon the debr hereby secured. No sale of the prem~ses h~•~eby rnortgaged and no fo~bearance on the part of the MORiGAGEE or its sutcessws t or assigns and no eate~sion of the time for the payment of rhe debt hereby secured g~ven by the MORTGAGEE or its successors ot assigns, stiall opente ro release, d~xharge, modify change or aHect the o~igmat IiabJ~ty of ~he MORTGAGOR herein, either in whole or in pa~t. ~ 10. lt is spedfically agreed that time is of the essence of this.co~~tract and thal no waiver of any obligat~on hereunder or of the obli9ation st _ cured hereby shetl at any time thereafter be he:d to be a wa~ver of the terms hereof or o( the instrument secured herby. 11. In add~tlo~ to ~he foregn ng n.onrh'y p3ym_nfs of princ pa: and interest required by the p~om:ssery nore sec~red hereby, mortgagor tovenants ~ ~~~d agrees to pay to morrgagee v~irh each month!y pay~.:ent an adti~rionat sum esn.^.,ated by mwtg~gee to be equal to 1; 12 of the annual cost of the fo~low- !ng: A-All real property uxrs levied o. assessed ega~•,st ~he above described real estate. B-Pran:~ums on f+re and windsrorm ~nsurae ce as here~n requ;red to be carried on the +mproveme~ts s~tuate o~ the above described premises. C-Premwms on wch mortgage gua~anty ir.sura~.ce as mortgagee shall from t•me to tnne deem fit to carry o~ the loan secured lureby. Mortgagee sha~l f.om tin,e to rime no+i1~ n.e~tyago. m w~it~ng of fhe a~~:o~~t du~ and payable hereundrr and such sum shali ihereupon be due and . ~ ~ :~vable on the due date ot the neat month:y payment aitd each success~ve month thereahrr u~:ti~ mortgagee shall ootify mortgagor of a change in such ~ ount. Such sums sFa:l be app;ied by mortgagee roKa~d ~he payment of reaf property taxes, insura~xe prem:ums, and mortgage guaranty insurance ~ r•emiums. - ~ IN ~511TNESS V.'HEREOF, the aid MORTGAGOR has hereunto set his hand and seal the day a~d Yea~ first aforesaid. j Signed, Sealed a. eliver in the presence of: E ~'~'I ~/u ct-an ~ ~~r ~ tse+h (Seaq _ san . yers ~s~~n S7ATE Of FIORIDA Luc ie CJUNTY OF SL • , Before me personaIIy appeared _Willldm E• ~'~I@Z8~ .lY• arr~ ,y`.._:~~ 9usan G. ~/.~ezs ' ` •-•7 his wife, to me well and known to r~•e ind~viduals described in and who executed the foregang instrument, and acknowledged befwe me thal they exe~Ae~! tAe fanw•iot ths p~F~o~t rhercin expressed. And the :a~d_ Susan G• ~/er8 ~ Willia¦ B. Myers Jr. ` ~ ~:fe of the said - _ s opay~.se~araf~ ai?d priv~t~ e.am~nanon by me taicen sepa~ate ana apan from her said husband, scienowiedged to and beiwe me inai s'ne ex~cured said'insrr~Treeiy ~~v~Yn= ~ ~+~~~y and w~thout any compulsion, constraint, apprehen~.p~, w fear of w from her said husband. • :•7 ~ r, P : ~ t Q!~! ~ WITNE55 my haryd and official seal this-._ day of__ ' = /r D.~~' { . h - _ ' , o d : o : : ~ tsry PubIK in a f the State ~ ~t Lar i~ ~ ~ My Commission expirq: , • t? ~ Retum To: NOTARY PUBUC STAIE F Fl Q^fQA A T~`l~ fint Pederal Savings 8 loan Assx~anon MY COAlIM15S10N EXP:~c~ F:' 2. 19 M~tt~?~„~ Of Fon P.e~ce GENERAL 1NSURANCE Uf~DtRWRf7ERS~ ING. ` For~ P~e.ca Ftcnda ~ 3 , ~ -~3 ~~t.E~~~~ ~a~~~Y~~4. < ~ ~iocca Po~r+~~?s This Instrument Prepared By RiChard K. Kayes ~:CR ~~R~'flEp ~Q~RT First Federal Savings 8 Loan Association I~EC4R~ ~ ~ of Fort Pierce ~ Rlorida 216110 ~~6 PM ~1' Checked BY ~ ~ BOOK 1~7J pACf ~+VIJV _ , _ - ~ : u_. w . ~