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Home My WebLink About0384 3. To pface and continuously keep on ihe bu~'J~~•gs no.v or here,trrr e,wate on se~d iand and on alI eq~~p:nem ar~d peraonally covrred b/ this mo~ nge, wnh all prenuvms the~eon pa d in f~ii, Grc ~~~so~a~:~~ ~h_ ~s:.3~ u~: d.~rd po'~cy form, in a s.~m a~ p~o.ed b~ the M:JR~~aGEE, a~~d ~n~~~dsto ;ns~rance in the usual s'~ndr•d po!:ey 1erm, in a w~n ay.pro.ed Ly ~he AtJRTGAGEE, in wch company or to~npan:es as the A1QRiGAGEE m d~rect; and all fire and w~ndstorm inwrance p~~~c~rs on any of sa~d b„~id~~ys, e~y ~nternst the•ein or var~ thereo}. in ~he aggrega~e sum aforrsa~d in excess ~hereof, shall :ontain ~he usual stand,~d mo~t~3gte c~.~usr or iuch other ciause as the Mongagee may req~~re, maAing the ioss undr~ sa~d po c~es, esch and every, payab'e ro sa~.~ 1t10RTG.4GEE as ~rs ~nr~r~•st ~nay a;~pear, and each and e.e~y auch po~~c~ SM13II Fk FIIOTNfi~/ assg•~ed and de~~vered ~ any held by said MORiGAGEE as f~rther sew~iry to sald n,oriya~e d~•ui, a~:d, rot less than ten (10? days in ad:ance of ~he exp+roT~cn af zach poGCy. ~o d. i~ver to sald MORTGAGEE a renewal thertof, toge~hrr with a rrcc~,~t for the prem~um oi such renevral; and there sha~~ be no i~~e or wu~Js~o~m iniuranc placed on any of said bv~id~ngt, any in~crest ti~e+e~n or part tl:er~-~f, v::!,ss in ~hr ic+~n a~~d wnh ihe ~oss payah!Q as a(oresa~d; and in ~he eveN any s~n of mo~ey beco~nes payab~e under such polecy or pohc~es said MJRiG.AGEE shaii have ~he ope~on ro rec•:ive a~~d app!y Y~e sa~ne on account of the indrb~ad nrss sec~red hereby o~ ~o perm~t sa~d ?AORTGAGORS ro rece~ve and use it w any p:~~t the-col ro~ o~~~• r pur, ~~s~~s. .~:~~~o.:t th .va~.~ :r ing any equ~ty, lien q right under Ot by virtue of ~his mor:gage; and in the event sa:d b10~2TGAGORS sha!I :o~ any ~easOn ~ail to kccp the sa~d premisas so ~naured, w fail to dr~~~er pra»p~ly any of sa~d po~~c~es of ~nsurence ~o sa d A10RTGAGEE, or ia~! prompr:y to pay fuily ony p:i~n~um therefor w~n a~y respect fail to perform, d~scharge, eaec~te, etfect, canpteta, ca:~~Nly •siih and ab~d~ by this covenanr, or any per~ hareof, sa~d h1GRT"~GEE may p!ace a~e ~ff..~~:~,n ~nv oot~on. li~n_ eau;tY. or r+oM unde~ or by vulue of this htottgagc, and thE fu~l amouM of each and,e~ery such paymrnt sha11 br +m~r~ed:,~rely d~e and µ+yab!e and shail brar interest from tha dare the~coi unt11 p~~d at the rate ot n,r.e per cenwm per annu~n and tu~rther ~nrth auch inier, st shai~ c~e srtw~~d by the lien o( this mortgage. 1. To permi~, comrtiit o? suffer no waste, impa~rment oi d.ter~orahon of sa~d prope~ry or any p3rt thtreof. 5. To pay all and singutar the costs, charges and expenses. ~ncl~~d~ng a reasonab!e attorney's fee and costs of abstrads of titte, incurrrd o~ pa~d at any time by said MORTGAG~E, becauie w in the event of tn° fa:lurr un Iiir ~art of the sa:d M.ORTGAfiC'4 te ~u!y, p+o^~p!!y and fuliy ~e~fotm, dacharqe >xecute, effec~, tomplete, comply wnh and ab:de by each and every the sup~ia+,ons, agreen,ents, condit~ons, and cove:~ants of sa~d prom~ssory nete and this ,,or~gage a~y o~ e~~her, and sa:d cosrs, cha~ges and exr~nses, ea:h and etiary, shad k~ immadiatrty due a~d payab:e; whether or not thrre be nonce d~ n,and, atlempt 1o tollect or suil pend•ng; ar.d the full a~nount oi each and e~•rry svch paymem shail bra. int~•rest from ~he date the~eof until paid al ~i~e r~!e o~ nine per czntum per annu:n; an~' a~l saiJ ccsrs, cha~~rs and ~x:.r~~ses ~rxwred or pa~d, togc~her ~v~th such interest, shall be secured by the I+en of th~s mortgagl. 6. That (a) in the event of any breach of this ldortgage or default on ihe pa~t of the MORTGAGOR, or (b) ~n the event any o! sa:d sums of money here~n referred to be no1 pron,ptly and f~lly pa~d w~rfun th,r.y ~3J: days nex! a~~_-r ~he sa~,~e se.cra.iy become d~e and payab'e, wi~hout demand or not~ce, or (c} in the event each and every ~he etip~~3~~OnS, agreements, cond~t~ons and covenams ot sa d prom~ssory note a~d th~s mortgage any or either are not ~uly, promptly and tulty performed, d.scha~ged, executed, effected, complered, compl~ed wnh and ab~d~~d Sy, then in enhe~ w any such event the sa:d ag- ~r~ate sum mentioned in said p:onussory nore the~ re~na~n~ng unpa~d, w~tfi ~::trre,t accr~ed, and ail ~nor.eys secured hereby, shatl brcome due and pay ~o,e forthwith, or thereafter, at fhe oprion of sa~d MORiGAGEE, as futiy and con~p~eseiy aa iS a~! of ~h~ sa~d sums of money were w~g~naily snpulated r~ be pa:d on such day, anything in sa.d prom~sso~y no~e or in this rlurtga•3e to the co~~rrary not~nrithstand~n9; and thereupon or thereafter at fho opt~on of sj d MORTGAGEE, w~thout nonce or demand, suit at law or in eq~ny, therefore or ~hereairer begun, may be prosrcuted as if a!1 mc.:ays setured hereby n~d matureo pnor ro ds insti~~tion. 7, That in the event that at the Eeg~nn~ng of or at any hme prnd;:~g any su~t upun thls Mo~~gage, cx fo fo~edose it, or to reform it, or to enforce paymero of any tlaims hereundrr, said hIORTGAGEE shait apply to the Court hav~ng ~unsd•tt~on thereof for the appomtmeM of a Rece~ver, svch Covrt shail ~crThwith appo~nt a receiver of said moftgaged p~operty ail and s~n~u:ar, enctud ng a~i and sngu~ar ~he income, proLts, issues and ~evenurs f~om w,hate~er s: ~rce derived, each and every of wh:ch, i~ being express'y unders~cod, n hr-_-by n:c~~gaged as ~f spec~iicaL'y set forth and described in the graming and h3bendum ctauses hereof, and svth Rece~ve: shal~ fiave atf ~he brcad ar.d rtiea~.e funcf o~~s end po.+e~s in anyw~se enrrusted by a Cuurt to a Recaiver, a~~d s_ch appoinfinent shatt bc made by such Court as an ad •~ared eq~~ry and a n~at~er of abso~v~e r.ght to sa~d AtiORTGAGEE, a~d wishwt reference to the adequaty or inadequacy of the val~e of the property morrgaged or to +he se vency or mso'~ency of sa~d MORiGAGOR or the defendants, and that such rc•~+s, pcofits, inco.ne, issues and revenuts snaN be apptied by wch Recr+ver accorci~~:g to the Iien or equity of sa~d MORTGAGEE and the pracnte of such Court. B. To duly, prompNy and ful!y perform, d~scharge, exec~te, eSfec~: complete, comply with and abide by eacb and every the stipulations, agreements, _onditions and covenanis m sa~d prom~ssory note a^d th:s mortg~ge arr forth. 9. That in the event the ownersh~p of the mortgaged pren,~ses, cr any part tne~eof, 6ecomes vested in a person other than the MQRTGAGOR, the ~RTGAGEE, its suctessors and ass~gns, may, without norice to the ;dORTv~OR, deal w~th such successor or wccessor in inferest w~~h reference fo this ~•~o~rgage ar.d the deot hereby secured in the same manr,er as ~~rh Ltiorry;go~ w;thout in any way vit:ating o~ drscharg~ng the /dcrtgagori liability here- ,;nder or upon the debt hereoy secured. No sa'e of the pre~n~sFS h_reby mortgaged and no forbearance on the part oi the MORTGAGEE or its succesaors _ „c t,.. .w „c .:,e ,~,.ti, ti=...,~,,, <.~r,~.Pd o~ven bv ~he N10RTGAGEE or in successors or ass~gns, a~~all operate _::gr.a ~ - ro release, d~scharge,• modifyvthange or affev tne~orig;nal lia~:f~ty of the ~',ORSGAGOR herein, either in whole or in part. 10. It is spec~f~cally agreed ~hat time is of the esse+:ce of th~s coniracf and that no waiver of any ob~:gat~on hereunder or of the obligation se- cvred hereby shali at any time tnereafter be heid to be a walver of the te:ms hereof or of the inssrumem secured he.by. 11. In a~d.tio~ to the foregc ng ~nonth!y paym=ms of *:rinc ;:a! and im,c~st ~equ~red 6y the prom ssory no'e secured 'nereb~, mortgagor covenants 3•~d agr~es to ~ay to mongagee vcith each monthiy pa~i. ent on ad:i:~ional sum es!:~~ ated by mortgagee to be equai to 1_ 12 of ttie an:wal cost of the foltow- i "'3~ 4 A-Atl real property taxas levied or ass?sscd d931'151 th~ aho.e drrib_d r-_al estate. B-Prem~ums ~n fire ar.d windsto~rn insv!arce as herc~n req~:red to be ca~na.d en the :mprovements s.tuate on the above d:scnCed prem.ises. C-Prem~urns oo such mortg;ge guara~ty ir.surar.ce as mc~~gagee sha~i frc•r. t Te to t~me deem fit to carry on the loan secured hereby. i Mortgagee shait from ti~r,e to nme notify morryagcr ,n wr~t~ng of tfie a~; o:,~t d~e and payable hereund~r and such sum sha'.I thcreupon be due and y , avable on rhe due date of ~h~ ~~_nt month:~ payment and each s~ccessive mo~~rh tFereait:r ur.±il mcrtgagee sha!I notify mortgagor of a change in such r ~~.ount. Such sums sFa3 De appiied by mortgag~.e toward the payment of real prcperty taaes, insurance prem.ums, a~ed morlgage guarenty insurance ~ p~emiums. IN WITNESS Y:HEREOF, the sa~d MORTGAC.GR has hereunto set his har.d and sea! the day and year first aforesaid. ~ S~gn Sealed and delivered in t presence of: FILEO Ah? 'tGCOROE - Z ~aq ~ ST. LtiCIE CJUNTY flA ur C e Cla ~ ROCEF. P~ITRAS (seaq ~ _ (Seaq " ~ C . RECOR~ yFpifjEp COU~ ` ~ Patricia Ann Clark «aq ~ DEC 10 10 os AN'11 STATE OF fLORIDA 1 ~ 1 ~ couvrr oF St. Lucie ~ 2~ ~"~!~8 ~ Befwe me personally appeared Arthur Clvde CZBI'~S , a~ ~ PatMeia AL111 Clark his wife, to me well known;6n8~J~0oMM 1p:;41~ to be the individuals destribed in and who exec~ted the forego~ng instrument, and acknowiedged before me that ~hey executed ~ht aame~~ct1~,'DYfposas ~ Patricia Ann Clark ~ " ~ rher4in expressed. And the said , . ~ ~ ' - r Arthur Cl e Clark ~ ~ ~ ,vife of the said - uport ~ xpbiia fe'!d' h e¦am~nation by me taken seoarate and apart from her said hvsband, ackno+rledged to and before me that she execute~ ~Rl'i!1STrument"~ p1~~un- rarly and w~thout any com~vlsion, constraint, apprehens:on, or fear of or from her sa~ husband. l=:~ =J~ ~ '/1` ~ DBC61Rber . . , _ WITNEU my hand and official seal this_ ~_l-~li--- day of~._ , ~ ~ ~ ~ , ~ ; . '1 f ~ c ~ r ~~'~r' , Notary Pubfic in and for the 5)e1S bf 9e My Comm~ssion expires~T~ FlV~ p~ ~Q(~ E :'.~a Return To: - ' First Federal Sav~n s d. loan Associat;on MY COMM~SS1011~ ~ . 1915 e Bo~ded By M+erican T~ers Inwnnce ..o. Ot Fvrt P c:ce. ' Fort Pierce, Ffer~da s=':: p _ This Instrument Prepared By 4~irt. E. Braun = First Federal Savings & Loan Association of Fort Pierce , c^lorida A:~ k=y'~ Checked By (~Q - 80RK ~~7V PACE ~S~ '<:~f , ,1~ ' - 1, _ . . _ _ ' ' . _ . .