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Home My WebLink About0246 . . 3. To piace and conTinuous~y leep on the bu~'d~ngs now or heresfter ~ituate on sa~d tand and on a~l cq~ipment and persana~~y covered by th~s mor ~g~, w~th •II premi~ms thereon pa.d ~n full, f~re ~nsurance ~n ihe usual s~andard po::cy form, in s aum appro~ed bY the MOR~GAGEE, a~~d wmrk~o ~n~uraoce in the uwal s~andard pol,cy form, in a sum approved by the 410RTGAGEE, in iuch tompany or companies as Ihe MORTGAGEE m d~roce; and all }ire and w~nd~rorm insuronce policiea on any of ss~d b„ild~nys, ~ny inlereit Ihetlin or part thereof, in ihe aggregare sum ataesa~d in excest thercof, sMN tontain the usual standard mortqagee clause or such othe~ dause as the Monyagee may requ.rs, ma~ing the loss uncler sa~d po ~ ues, each and every, payab!e ro seid MORTGAGEE ss ~ts interest may ap~sr, and each and eve~y such poticy shall be promptly ais gned end de~~vered ~ ~ny held by said MORTGAGEE as iur~her secwity to sa]d mort~age debt, and, not leu ~Aan ten (10) days in advance of the exp~rot~on o1 each porcy, to d~ I~ver to said MORTGAGEE a renewal ~hcreof, ~o~eiher w~th a rece~pt fw the premium of such ~enewal; and th~re shall be r+o Lre or w~nds~orm i~s~:anc plated on a~y o( aa~d bui3d~ngs, sny interest thers:n a part therco(, unless in the form and with the ~oss payable as a(o~esaid; and in the event a~y s~n of money becomes payable under such poticy or policies said MORTGAGEE shall have the opt~on to receive and apply the same o~ accoun~ of the indrbrrd ness iecu~ed hereby w ~o permit said MORTGAGORS 1o receive and use it p any part the:eo( for o:ne~ purposes, w~thout th~r=o~ waiv~ cr e~np,,b ~~g any equ~ty, lien a~~ght under a by virtue of this mo:tgage; and in the tvent ta~d MORTGAGORS shall (w any reason fail lo keep ~he sa~d premisr~ so lnsured, w fail to deli~e~ promptly •ny of said policiea of insurance to ta~d MORiGAGEE, or Fail promptly to pay fully any premium therefw or in any respea fail to pe.fam, discharge, execute, eifecl, comptetr, comply wirh and abide by this covenanl, or any part hareol, said MGRTGAGEE may piace a~d pay for such i~surante or any part thereof without waiving or affecting any opt~on, lien, equity, w right under w by virfu~ of this Mortgage, and the fv!1 amoun! of each ~nd every such payment shatl be immediately due and payable •nd sheit bear interest from Ihe date thereo( u~til pa~d at the ra~e o1 nme per cenrum per annum and togethrr with such interest shali be srcured by the lien of thif morlgage. 1. To permit, mmmit w ~uffer no waste, impairment ot dete~~oration of ~aid property w any part thereof. 5. To pay all and singular the coats, chaeges and e:pen~es, includ~~g a reasonable attorney's fee and costs of absl~ads of title, inc~rred w paid at any time by said MORTGAGfE, because w in the event of the faiture on ~he part of the said A10RTGAGOR to duly, promptly and fully pe~form, d~uharge. ~xecure, effeU, comp:ete, comply wnh and ab:de by each and evCry the sriputanons, egreements, condlt~ors, and covenanrs oi aa~d prwn~ssory note and ~hts r.~rtgage any or either, and sa~d costs, cherges and expenses, each and every, shall be immed~ately due and payab~e; whe~her or not the:e be nonce da mand, attempt to collect or suit pend~ng; and the full amount of each and cvery such payn~nt shall bea. intereat from the date the~eof vntil paid at the nre of mne per centum per ann~m; and all taid costs, charges and expenses incurred or paid, ~ogether w~th auch interest, shall be secure.~ by the lien of th~~ martgsge. 6. Tha~ (e) in the event of any breach of this Mortgage w defavlt on the pa~t of the MORiGAGOR, a tb) in the event any oF satd sums of money herein referred to be not p~o~nptly and fully paid wirf~in th~~ty (30) days nex~ airer the same severa'!y become due and payaUle, without dema~d ar notice, - or (c) i~i the eveM eath and every the slipulations, agreements, conditiu~s and covenants of sa,d promiswry note a~ th~s mortgage any w either are nm iuly, promptly and futly performed, dacharged, ezecured, effccted, comptered, complied wrth and abided Sy, then in either cr any such event the said ag- gregate ium ment~oned in ssid promissory nore then remaining unpaid. ~vith inrerest accr~ed, and ai: moneys sec~red hereby, shall become due and pa~- ab,e forthwith, or thereafte~, at the option of said MORTGAGEE, as fully and comple~ety as i( all of the said sums ot money were or~ginally st~pu~ated ro be pa~d on wch dsy, anything in sa,d p~om~sswy note or in this Mortgage to the contrary notwithstand~ng; and thereupon or thereaftea at the op~~on of sa:d MOR~CaAGEE, without notice or demand, suit at law or in equity, therefore w thereaf~er begun, may be prosecuted as if all moneys secured hereby r,ad matured pnw fo its instituhon. 7. That in the event that at the beginning of or at any time pe~+ding any suit upon this Mortgage, a to fweclou it, or to reform it, or to enforce payment of any clcims hercunder, said MORTGAGEE shall apply to the Covrf having jur~sd~tr.on thereof for ~he appo~ntment of a Receiver, such Court shail fe:thwith ~ppoint a receivtr of said mortgaged prope~ty all and singular, includ~ng all and singulat tNe it~corne, nrofits, issues and reven~es from whatever source derived, each and evtry of whith, it be~ng expressiy understood, is hereby mortyrged ~s if apeufiw:ly ~et forlh and desGribed in the granting a~d habendum tlauses hereof, and such Receiver ihall have all the broad and effective (unct;ons ar+d Powers'in anyv~~se enfrusted by s Court to a Receiver, and s_ch appointment shall be made by such Cou~t as an ad~nitted equity and a mat~er of absolufe ri}ht tb seid AIWRit3AaEE; ~nd without reierence to the adequacy w inadequacy of the value of thr property mo~tgaged or to the so~vency or insofverKyiof said MORTGAGOR br the defe~dants, and that such ~e~~rs, profits, 1lKpM~ issues and revenues shaii b~ appliea by such Recerver accord~ng to the lien or equity of said MORTGAGEE and the prauice of such s Court. < 8. To duly, p~ompfly and fully p~rform, discharge, execute, eifect, corr~plete, comply with and abide by each a~d every the stiputatio~s, agreements, ~ conditio~s snd covenants ~n sa~d promissory nore and th~s mortgage set for~h. _ ; ' 9. Thst in the event the ownership of the mortgaged premises, o~ any part thereof, becomcs vested in a person pther than the MORTGAGOR, the ~ A'ORIGAGEE, its successon and ass~gns, may, wiihou+ ~ot;ce to the MORTGApR, deal wirh such successa w s~ccessor in interest wirh reference to this f ~ro~rgsge and the debt hereby secured in the aame manne~ as w~th Mortgagor wehout in any way vit~ating w d~xharg~~g the Mwtgagors' liability her~ ~ ~nder or upon the debt hereby sec~~ed. No sale of the prem~ses hereby mortgaged and no forbearance on the part of the MORTGAGEE or its successors e• ass~ans and no e:tens~on of the time for the payment of the deb~ he.eby sec~red given by ~he MORTGAGEE or iis successors w ass:gns, aliall operate ~ ro rekax, d~scharge, modify change w affect the orig+na~ Iiao~Lty of the MORTGAGOR herein, either in whole w in part. ~ 10. It is speufically aqreed that time is of the esxnce of this contract and that no waiver of any obligation hereunder or of the obligation se- ~ c~red hereby shall at any time thereairer be held to be a waiver of the terrtss hereof w of the instrument secured herby. i I ~ 11. In a3d:t~o~ to the forego ng mo~thly paymems of princ"pal and interest requ~red by the prom;ssory no!e sewred hereby, morryagor covenants ( ~.d agr~s to pay to mortgagee w~th each month~y pay~.~em an add~~~onal s~m esnn:aied by mortgagee to be eq~al to 1,' 12 of the annual cost of the follow- ~ s ~ A-All real property taxrs lei~ed or assessed agai•ist the above described rral estate. i ~ 8-Premiums on fire and windstorm insurarce as here~n requ~red to be catried on the improveme~is s~tuate on the above described premises. F E C-Premi~ms on s~ch mo~tgage g~a~anty ir.surar,~e as mortgagee shall from Yme to tiine deem fit to carry on the loan sec~red hereby. ~ Mortgagee sha!I from rime to tirr.e nofify mortgagor in writ~ng of the amou~t due and payable he~eunder and such surn shall thereupon be due and ~ ~±yable on the due dare of ~he next month!y payment and each wccess~ve month thereafrer ur.til mcrtgagee shall not~fy mortgagor of a change in such ~ - ount. Such sums sHail oe applied by mortgagee ~oward the payment of real property taaes, insurance prem;ums, a~~d mortgage guaranty insurance € 3 • e m iums. IN iNITNESS WHEREO the sa~ MORTGAGOR has hereunto set hes hand and seal the day and y'ar first aforesaid. ~ , Sealed and eli red i t esence of: i 7~ ~ - ~ -(Seal) i ~ Ga F . Bll~?oOd ~,p ; ~ 's ~ (Seaq ~ e ~ + _ a C ' ROO (Seal) ~ ~ ~ ~ STATE OF FLORIDA ~ ~ COUNTY OF St. Lucie ~ ~ ~ Befwe me penooally appeared Gary F. EZLWOOd a~ ~ Janice F. EIIrY004' his wife, to me well known and known to me to be the individuats desuibed in and wtw executed the fore9oing instrument, and ecknowledged befwe me that they e:ecuted the same fw the purposes ~ ~herein expreued. And the said Janiee F. El1NOOd ~ i ' yv;fe of the uid Garv F. BllllfOOtj upon a separote and priwte ~ ti~ eraminatlon by me taken separate and apart from her said husband, stknowledged to and before me that she executed said instrument freely and voluo- i canly and w~thout •ny tompulsion, constraint, apprehe~si~+ ~ fear of or frorr. her uid husband. 7~r ~ WITNESS my hand and official seal this ~Y day of January a p ~g 72 ' .r-~s1L~ Notary Publi ' and for the tate of Fbrida t lar My Commi ' eapires: ~.~.J - l.~ ~ - Refurn To: First Federsl Savings d~ loan Associat:on • • . ; + ~ , : = O~ Fort P~erce. `~.~}~~~s~~'~~ ' IC ST,fE OF FIORIDe+ i r; 1yj.~s-~,~r; M~1:nfAtA1SSION EXPIRE$ ~~G. 6. 1~~ fo.t Pierce. Florida '~E~L INSURANCE UNDERIiyRIT ; ; ~.INC~ ~ ~,,;~J ' r ° ~ ; + _ • FILED AHD RECORQEA. = This Instrument Prepared By k'm. E. Braun ='?:~h' '~~~''?';v - gj.LUCt~ ~~Ul1TY FL ROGE~ ?41TaAS ; First Federa) Savings 8 Loan Association 0' J~.~i~': _ -CUIT COURT of Fort Pierces Fiozida ,.~~:''s~'~i Q~,~:~i CLERKG~~~ y~ RECO.°.7 YEFtFiEO~-~++~ Checked By ~ n ~s•```'~ ~ 43 f N~ 1~ 2~22`703 ~ ga~~ 199 ~E 245 ~ _ ~ _ -