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Home My WebLink About0664 3. To pface and co~tinuousty kcep on thc 6u~'d~nqs oow or he~eaftr~ e~tuate on sa~d land and on ali equipment and personally covered by this ma i ege, w~th all premiums thereon pa~d in f~ll, fire ins.,rance ~n the ~sual sta~~ard po~~cy iorm, in a wm approved by th~ MORtGAGEE, and winds~o ~ insutance in the usual ttandard pol.ty form, +n a sum approyrd by the MORTGAGEE, in such tompany or compan~es as the MORIGAGEE m d~red; +nd aU (ire and wlndstorm inwrance ool~des on a~y of sa~d buiid~ngs, sny interest therein or part the~eo(, in ~he a99rega+e w~. afaesa~d in excess the~eof, shaU contain the usual s~andard mortgagee c~a~se or such other ct,~vse ~s the Mortgegee may requ~re, making Ihe lose undrr sa~d po ues, each and every, payab!e to said AtORTGAGEE as its mtrrai~ may appear, and each and every such po!icy shall be p~omp~ly ass gne~f and de:~vered ~ any held by sald MORIGAGEE as (unher security to said n~or~ga~e dzbt, a~~d, no~ less than ten (10) days in adrance of ihe expuat~on of eath poGcy, ro d~ iiver to said MORTGAGEE a renewal thrreof, togttha~ with a rete~pt for the pre:niu:n of such ~enewai; arxl there shall be no f~re or windsto~m insuracx placed on iny o( said build~ngs, any inte~est theroin or part thereof, u~~less ~n the fo~m and wi~h the ~oss payable as afo~esa~d; a~d in the event any su~ c+f mp~ey betpmes payable unde~ such poticy o~ poficies sa~d MORTGAGEE sh~N have ~he op~~o~ to recrive ~nd apply tha same on account ot the indebtad ness secured hereby o? to perm~t sa~d MORTGAGORS to rearive a,~d use it o~ any part ~he:eof lor orh.~r purFOSes, v.~~hout th~..u~ wa~~~~3 a~mpa~r ir.g ~ny equ~ty, lien a right undrr or by virtue of Ihis r~o~tgagr; and in the evrn~ sa~d MORTGAGORS shalt fo~ any reason iail to krep the said pre~nises so insured, w fail to deliver prompl~y any oF said poGcies of insurante to sa~d h10RiGAGEE, or ia~! p:omptly to pay fully any prern~vm thciefpr o~ in any ~ __n__~ ~f~e.• .,I..~.+ .,1.. ~..l~h and ab~de 6v th~i covenanl_ or anv patt htreol, sa~d MGRi:rAGEE ~~ay pute a~~d a r fw such~insu~ance or an y art thereof without waivi~ or affec~in an o tion, lien, e uir or ri ht undes w b virtue of this htongage, and tht ~ P Y Y P 'E1 9 Y P Q Y. 9 Y full anwunt of each and e.ery auch payment shall be im~ned~ately due and payab~e and shafl bear interest from the da~e thereof ur~~il paid at the rate o~ ~ n,ne per centum per annum and to~e~her with svch inrerrar sha~~ tw sec~red by the Gen of th~s mortgage. k 1. To permit, commit or suffer no waste, impairment or deter:orar~on of sa~d property or any part thereof. S. To pay atl and singular the costs, charges and exper.ses, inc~uding a reasonab~e attorney's fee and casts of abstracts of title, i~cur~ed w pa~d at any time by said MORTGAG~E, 6ecause or in the event of the fa~{ure on ihe part of ~he said MQRTGAGOR to duly, piomptly and futly periorm, d~uharge. ~,eec~te, effect, complete, comply w~th and ab:de by each and every the stip~lations, agreements, cond~tions, and covenants of said pro:nissory note and this mortgage any or either, and sa~d costs, charges and expenses, each and every, shaR be immrdiately d~e and payable; whethei w not the~e be nof~ce de mand, attempt ta collect or suit pend~r.g; and the ful! a~nount o( each and evrry svch payment shall bear interes~ from the date thereol until paid a1 the r,ie o~ n~ne per centum per annuar, and afl said costs, charges a~~d er;:enses incwred o+ pi~d, togethe~ w~th such inte~es~, shall be secured by the I~ert of th~t morfgsge. 6. That (a) in the event of any breach of th~s Mwtgage or defautt on ~t~ part of the MORTGAGOR, or (b) in the event any of sa:d aums o~ ~wney herein referred to be not promptly and futly paid w~thin th~rty t30; daYS nex~ aircr the san~e severa:;y become due and payabte, without demand or ootice. or (c) in the event each and every Ihe stipu:ations, agreements, condrtions and covenann of sa:d promissory ~ote and th~s mortgage any w ei~her are no1 ju!y, promptly and fut~p performed, d~schar~~d, eaecuted, eifected, completed, comp~~ed with and ab~ded Sy, then in either or any such event the said ag ~regate sum ment~oned in said promissory note then rema~ning unpa~d, w~th interest accrued, and ail moneys secured hereby, shall becomt due and pay- ao:e forthwith, or thereafter, at the opfion of sa~d h10~TGAGEE, as fuUy a~~d completely as if all of the sa~d sums of money were ong~nally snp~Iared ro Ee pa~d on such d~y, a~ything in sa:d promissory note or in this Atortgage ~o tne conrrary notwithstandi~~g; and thereupon or the~eafter at the option of s~:d MORTGAGEE, without notice or demand, suit at law or in equity, rhe~efore or tnereafter begun, may be prosecuted as if all moneys secured hereby n, d matured pnw fo its institut~on. 7. That in the event that at the beginn~ng of or at any time pe~~d~~~g any suit upon this Mo~tgage, o~ to fweclose it, or io reform it, or to en(orce ~ayment of any c?aims he~eunder, said MORTGAGEE sha(1 apply to thr Cour~ hav~ng jur.sd;ct:on thcreof for the appo~ntment of a Receiver, such Court shafl tcnhwith appo~nt a receiver of said mortgagrd property alI and sing~la~, includ,ng ail a~~d s~ngu~ar ihe income, prof~ts, iswes and rerer+ues (rom whate~er s.^vice derived, each and every of wh:ch, it being expressly ~nders~ccd ~s hereLy mortgaged as i4 spec.fically set iwth and described in the granting and haoendum dauses hereof, and such Recei~er shall have ali the brcad a~~d eitecnae f.,nct ons and powers in anywise entrusted by a Cou~t to a Receiver, and s_ch appointment shall be made by svch Court as an ad~~itred equ~ty and a r~aner of absol~te rigM to said MORiGAGEE, and without reference to the adequacy w inadequacy of the value of the property mo+rgaged or to the so..ency or ~nsc:vency of said MORTGAGOR or the defendants, and that such •~~~s, profits, incane, issues and reven~es shaii be appi~ed by such Recr~ve~ accord;ng to ~he iien or equity of•said MORTGAGfE and the practice of s~ch Lourt. . B. To duly, promptly and fully perform, d~scharge, execute, effect, comp~ete, cor»p!y w~th snd abide by each and every the stipulations, agreements. :cnditions and covenants in sa~d promissory note and this mortgage se~ forth. 9_ That in the event the ownership of the mortgaged premises. o~ any part thereof, becomes vested in a:pe~wn other than the MORiGAGOR, the :"CRTGAGEE, its successws and assigns, may, wirhout not~ce to the MORTGAOR, deal w~th such successor a s~ccessor in interest with reference to this mortgage and rhe debt hereby secured in the same manner as with hlo~tgago~ w:thout in any way vitiatirtg w dhcha~ging the Mortgagori liability here „ a.,ti. w..e~.., . w.. . ..r ~ o..~~.... 6~.e?+,. .++.+.rna.,a~1 a~d no forheara~ce on the nar~ oi the MORiGAGEE or its successws ' ~t~'~ or assigns and no exrension oF fhe time for the payment of the debt hcreby secu~ed g~ven by the MORTGAGEE o~ its succeasors w ass~gns, a~~all operate s ro re~eax, discharge, modify change or affect the original t~au,t~ty of the MORTGAGOR herein, either in whole or in part. ~ 10. It is specifically ag.eed that time is of the essence of ~his contracr and that no waiver of any obl~gation hereunder er of the oblgation sr c~red hereby ahe11 at any time thereatter be held to be a wa~vrr oE the terr,;s hereof or o1 the ins~rument secured herby. ~ 11_ In add,t;oa to the faegolig monfhly paym~nts of prir.c pal and i~:r_•est required by Y:~e prom:sscry no~e secured Fereby, moriga~or covenants t ~~-.d agrees to pay to mortgagee with each monthly par~.,em an od:i~~~unal sum esr:.~ared by mo~tgagee to be equai ro 1, 12 of the annual cost of the follow- ~ E - I A-All real property taxes levied w assessed agai•ist th.= a'vove ciescri6ed reat estate. B-Prerr.i;,~ns on fire and w~r.dsto:m ~nsuracce as ne~e~n req., red to be carrled on the ;mrroveme~ts s~tuate on the above dsscribed premises_ ~ s ~ ~ C-Premiums on s~ch mortgage guaranty insura~:ce as mortyagee sha~l irom t~me to time deem fit to carry on the loan secured hereby. ~ ~~lortgagee sha~l !rom time to r~me notffy morfgagcr ~n w~~t;ng of the ar~o~~t d~e and payable hereunder and sucfi sum shail thereupon be due and ~ r~~able on the due oat> of rhe next monrh:y pay:nent and eacfi success~ve mcmh thereafrer uctil mortgagee shall not~fy mortgagor of a change in such ; :~•ount. Such sums sFa;l be appl~ed by mortgagee ~oward the payment of real properry ta:es, insurance prem:ums, and mortgage guararoy inwrance ~ ;~•emiums. IN YJITNESS YlHEREOF, the said MORTGAGCR has hereumo srt h~s hand and scat the day and~~r first afores ' a, ~ S~ , Sealed nd deliver in the pr ence of: ~ ~ , 3 Seaq i a, c : i.• ~ _ O (Seaq z ~~C ~ (Seal) ~ - an a . rs~.i> ~ STATE OF fLORIDA ~ ; ~ S5. ~ ~OJNTY OF St. Lucie ~ ~ Before me perwnally appeared Ronald H B@ll and ~ Stisnda~ J• BQ11 his wife, to me well known and known to me to be rhe individuais desc•~bed in and who ezecuted the foregoing instrument, and acknowledged before me that they executed the same fw the purposes ~ rherein expressed. And the said klgndtl yl B@ll ~~ife of the sa~d - ROnald N Bell , upon a separate snd privete ~ s,am~narion by me taken separate and apart from her said husband, atknowledged to and before rtx that she executed said insV~meM freely and voluo- ~ ranly and without any compulsion, constraint, apprehens on, or ear of w from her said husband. - WITNESS my hand and official seal th~s__ day of_ ~~e~er A. D. i9 71 ' ~ S ~ Nota y Public in and for t tate of Florida ~1 ia~~ t;~ My Commission expires: ~ ~I/ ~y ' L _ Retum To: ID - .~aS~ . !i,.i ~ ~ - First Federal Savin~s 3 loan Associat;on r~ o+ Fo,f P,e«~. FILEU AND RECORpEO~ - Fo~s P;e~ce, Florlda ST. LUCIE COUNTY. F~LA. :if ..n~~ r~ ~A f.. - _ 22t~9 U : : . . < _ ~ ~ M " ~~..s. \ ~ h . ~ This Instrument Prepared By RiCllard K. ~e~C 22 PM 12 • Z~ 'J'. =3 First Federal Savings & Loan Association ~ C~ L S 1 r'.~ "~'~'x' .E...A'. - of Fort Pierce ~ F1oZida ' }r"~' ~ : ~•ti_; = ~ ~p ~;C~:~E? i'U':TR~'S ; Checked By p~- - CLERK C1RCllIT COUR7~ _ . = . ~d ;~-r Bo~K 1g8 ~~~E 663