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Home My WebLink About2739 i i 3. To plsc~ and continuously ketp on the bui:dings now w hercafter ~ituats on ~a~d I~nd and o~ ali equ~pment and pe~w~a~~Y covered by ~~~a ma sye, w~th all pemiumi ?hercon pa~d in full, fue insurance ~n the ~wai standard poi~cy form, in a wm app~oved by ~he MOR~'vAG:E, a~d w~nds~u ~~sw~nc~ in tF+e uswl s+ands~d pot:cy iam, in a svm •pproved by the N10RTGAGEE, in tuch company o~ companies as tM MORiGAGEE d~rrd; and all fir~ and w~ndsrorm irtsuronce poGcies on any of sa~d bu~~d~nga, any intereet therein or pa~t thereof, i~ the aggregaee sum afo~esaid ~ in exceu thereof, sMll contain the usual s~andard morr9agee clause a such othe~ cl~use as tht Mortflagee may requ:r~, ma?inp ~he Ioss under sa~d po c~es, each and every, payable ~o s~id MORTGAGEE as ~ts imerrst may appear, and each and evcry ?uch poi~cy ihalt be promp~ly au yncd and dei~.•ered ~ ' any heid by sa~d MORTGAGEE ~s fureher secur~ty to uid mu:~ga9s debt, and, not leu tF+an te~ (10) days in advance of the eap~~ation of eacl+ po~~cy, to d. ; I~ver to said MORTGAG:E •~~newal thercof, ~o~etAer with a rece~pt fw the premium of such renewal; and ~here shall be no f~ro or w~ndsto~m insurant i pleced on ~ny of sud build~ngs, any interest thcrein or pait thereof, unlesi in the form ~nd wiih ~he toss payabfe as aioresa~d; and in the event a~y sun - of mo~ey brca~nei payabte under such poliq w pol~c~es said MORTGAGEE sha{I have rhe opf~on to recei~e and appiy the fame on accoont of the indebtrd nea~ securrd hereby w ro perm~t ssid MORTGAGORS ro receive and uu it p any pa~t theraof tor ofixr p~~poses, wo'r»~t th~..or .va~~i~~ or ~n,pa~r ~ng any equ~ty. I~en w ~ght unde.v a by virtue of this mo:t9age; and in the event sa~d MORTGAGORS shal~ for any reason fail to keep ~he sa~d p+em~srs so ~nsured, w fail ro deliver promp~Iy ~ny of sa~d po~K~ea of insurance ?o sa~d MORTGAGEE, a fait prompeiy to pay fu~ly any pra~~~~um the~efor or in a~y respec~ fail to perForm, d~stharge, execute, effect, comp~ete, tomply wirh and ab~de by thi~ cavenant, a any part hereaf, said MORTGAGEE may piace and pay fa tuch insurante or •ny part thcreof without waivinp w sftectinp any option, lien, eq~ity, or nght under w by virtue of this Mortgafle, and tht 4~11 ~mount of e+ch ~nd every s~ch payment shall be ~mmediately due and payable and shall bear interest from the date the~eof un~il pa~d at the rate ot n~;,e pe? centum pe~ annum and to~Nher with such interesr shai; be trcured by the lien of thii mortgage. t. To pe~mit, commit or suffer no waste, imp~irment ot deterqration of said property p any part thereof. 5. To pay all and ainQula? tF+e cosh, charges ~nd expenses, ~ncluding a~easonsble attanev's fee and co:ts of abstractt oi title, i~cv~red w paid at any time by sa~d A'10RTGAGfE, becauu d in the event of the ta~iure on the part of the said MORTGAGOR to d~Iy, promptty snd fulty pe~~orm, d~uharge. execute, ef(ect, complete, comply w~fh ar,d ab:de by each and every the stipulat~ons, agreemenK, cond~tions, and covenants of sa~d p~omiswry note and th~i morrgaga ~ny or e~ther, and sa~d cosn, charges a~d eapenus, exh and every, ahaN ba immed~ately d~,e and payable; whethe? o? not there be not~ce d~ mand, attempt to cotlect w suit pending; and the full amount of each and every such paymen~ shall bear ineerest from ihe date the~eof umil paid at the ~are o~ ni~e per cent~m per annum; and aIl ssid costs, charges ar.d e~penscs incu~red w paid, together w~th such interest, sAall be setured by the lien of this mortpape. 6. Thet (a) in the eve~t of any breach of this Mortyaqe or default on tha part of the MORiGAGOR, or (b) in the event any of sa~d sums of money herein referred to be not p~omptly and futly paid within th~rty (30) days ~ext after the same severa!!y became due and pay~ble, without dema~d or notice, or (c) i~ the event exh and every the stipviat~ons, agreemcnts, cond~sions za~cnants of ~sid promiswry note and th~s mongage any w e~tl+er are not { i~ly, promprly and fuily performed, d~xMrged, executed, effected, completed, compf~rd wi~h and ab~ded ~y, then in e~the? or sny such event tM sa~d aQ 4 ~regate sum memioned in said p?omissory ~ote then remaining unpa~d. with interest accrued, and all moneys secured hereby, shall betome due and pay- aeie forthwith, or thereafte~, at the option of said MORTGAGEE, aa fvlly and complefely ai if all of the said sums of money were a~ginally stiputated ro be pa~d on such day, anyth7ng in sa~d prom~uwy note or in thia Mortgage to the con+~ary norw~thstanding; and thcreupon w thereaftc? at the op~~on of sa~d MORTGAGEE, without notice or demand, suit at law or in equity, therefote ot thereafter begun, mey be prosetuted as if all moneys setured htreby nad matured pnw to ~ts institution. - • ' 7. That i~ the event that st the beginning of or st any time pendirg any suit upon th~s Mortgage, or to faeclose it, ot to reform it, or to en(o~ce payment of any da~ms hereunder, said MORTGAGEE shatl apply to the Cou.~ hav~ng ~unsdu~~on thereof fa the appo~-:~++ent of a Receiver, suth Court shall io~thwith sppoint a receiver of said mwtgaged property alf and singvfar, ir,~Ivd,ng all and s~ngular the income, prof~ts, issues and revenues lrom whatever s~urce derived, esch and every of wh~ch, it being expressly understood, is hereby mortgaged as if spec~ficat~y set forth ~nd dexribed in the granfing and r.abendum clauses hereof, and such Receiver shatl have sll the broad and effeaive func+.ons and powers in anyw~se entrusted by a Cou~t to a Recei~er, and s•_:h appointment shall be made by such Court as an admitted equity and a matter of absoi~te r;gAt to said MORTGAGEE, snd without re(erence ta the edequacy or inadcqvacy of the value of the property mortgaged or to the soivency or ~nsotvency of said MORTGAGOR p the defendants, and that such re^rs, profits, inca»e, iuucs and revenues shall be appl~ed by such Receiver accord~ng ro ~he lien or equity of said MORiGAGEE and the practice of such ; ~ Court. 8. To duly, promptly and fully periorm, discharge, cxec~te, effect, complete, comply wi~h and abide by each arw~ evs+y the stipulations, agrcemenis. :onditions and covenants i~ sa~d promissory note and thia mortgage set fwth. 9. That in the event the ownership of the mortgaged premises, a any part thereof, becomes vested in s perwo other thsn the MORTGAGOR, the i ti'ORTGAGEE, ]ri successo~s and ass~gns, may, w~fhovt nonce to the MORTGAOR, deal wi~h :uch successoe or s~,ccessw in ~nterei~ with refercnce to th~s ~ rr.o~tgage and the debt hereby secured in the same manner as with lJtortgaga w~thovt in any way vitiating a d~scharging the Mortgagors' liability herr ur,der or upon the debt hereby secured. No sale of ~he prem~ses hereby morsgsged and no forbeara~+ce on the part oi the MORTGAGEE or its successws t or assigns and r+o extension of the time fw the payment of the debt hereby secvred g~ven by the MORTGAGEE or its tuccessors w au;gns, ahall operate ~ ro retease, d~scharye, rtwd~fy ch~nge oi affect the original IiabJity of the AM1ORTGAGOR herein, either in whole or in part. ~ 10. N is speuf~cally agreed that time is of the essence of this contract and that no waiver of any obligat~on hereundrr or of the obligation st ~ ; cvred hereby shall at any time tF~ereafter be held to be a waiver of the terms hereof or of the instrument ucured herby. { j 11. In add:t;oa to the fwego'ng monthly payments of princ'pal and interest required by the prom~ssory ~ote secured hereby, mortgagor covenants jcd agrees to pay to mortgagee with each monthly payr,zem an add~~fona{ sum estimated by mo:tgagee to be equai to 1,`12 of the annual cost of the follow- ~n~: ~ A-All real property taxes levied w assessed against the above described real estate. i ~ B-Premiums on fire and windstorm insurar.ce as here~n requ:red to be carried on the improveme~ts situate on the above descnbed premises. C-Premiums on such mongage guaranty insura.~ce as mo~tgagee shall from t:me to time deem fit to carry en the ban secured hereby_ Mortgagee shall from time to t~me nctify mortgagor i~ writing of the amo~nt due and payable hereunder and such sum shall fhereupon be due and ; ayable on the oue date of the next momh!y payment and each success~ve momh thereaiter until mortgagee shall not~fy mortgagor of a change in such ~ a~^ount. Such sums shaiV be applied by mortgagee toward the payment of rea! property ta:es, insurance Frem;ums, and mortgage guaranty inwrance p~emiumf_ IN WITNESS WHEREOF, the said MORTGAGOR has hereunto ut his hand and seal the day and year first aforesaid. SSgned, Seakd arsd delivered in the presente of: ~ ~ ' ~ +4 ~ •n ~ ` n-+~ ~ f5e.p ~ ~ STATE OF fIORIDA ~ + ~ ST. LUCIE ~ ' ~ counm oF ~ ~ ~FOe 111e ~~„~iy MARY M. LASSITBR, A WIDOW ~ ~ ti YfOG1i1[ to me well known e~d known to me to be _ the individusis described in ~nd who executed the faepany instrument, and acknow3edped before me tt?at~f~~xetuted the same fw the purposes therein e:pressed. ~ .~....~.y~..~.~.+.......~. ~ ~ X X ~ WITNESS my ha~d and offiual seal thi¦ ,/G day of A D. 19~~. _ Not~ry and for the State of Fbrida ~t lsrpe - Mr issio~l expird: ~j~ ~ , / ' 7 J - Retwn To: ~ '--7 Fint Federal Stvirgs b lw~ Associat~o~ ~ - Of Fort P~erce. ~sv~'~i2Y P~K=~ STATF OF fl f~R10A AT 1 Ai~ . Fort P~erce, Flw~da . uV r•~R~;,~ `~N EXPiRfS ~U 6, 1975 ; ~tiGE~1~$Aj~l~!lRANCE UNDERWRITERS, IPIC. ? ' + ~ FILEO AMD RECQR~EQ~ - ~ r t _ . ~ . ST. lUC1E COUNTY w~ This Instrument Prepared By Thomas A. UZi , ~t. - RdGEF P01TRAS CG - ~ ' CCfRK CtRCUIT CBYRT First Federal Savings 8 Loan Association ~~-.^r IIECORO YEA~FIEO of Fort Pierce~ F lorida , :~C ' 1~ ~A ~ .Y ~ ~ - ~ ` p~c ~u~ i . : Checiced By ~ ~ 0 R ' ~+~Oe3 ` ? ~ __s , gooKly7 ~~7;3~ ~ . ; = , cf