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Home My WebLink About1196 3. To place and coniinuous~y kecp on the bui•d~nfl~ now w hereifle~ ~ituate on sa~d Ier.d aRd on a~~ equipment and person~lly covered by thi~ ma sge, with •11 premi~ms ~hereo~ pa~d ~n fuil, fire ~nswance ~n the ~i~al sra~~dard po~rcy form, in a sum app~oved by tha MOR~G:.GEE, a~:d w~~ds~o ~nsuronce in ~he uwsl icanderd Fo1.cy ~oim, in a aum approved by the MORTGAGEE, in fuch compa~y or compan~es as ~he A'~02iGAGEE m d~rccr, and all fire and w~nda~orm fnwrance po~~cre• on any of sa~d build~ngs, any intere?t there~n or part thereof, in ~he +gg~ega~e su~n ato+esaid in sxcesf Ihereof, ahall contain the vaual srandard morrgagee dause or such other da~se as the Mo~Igagee may ~equ:rs, ma?ing the ~o~s under •i~d po des, each and every, psyable ro sa~d MORiGAGEE as ~ts interest may ~ppea~, and each and every such poi~cy shall be p~omprty ass gned a~~d de,~wurrd : any held by ss~d MORIGAGEE as Further security to aaid mortgage debt, and, no1 less thar. ~en (10) days in advance ol the exp~rot~on of each po:~cy, to d~ I.ver lo se~d MORTGAGEE a renewal the~eof, toge~her with a roce~pt for the premium of such renewal; and thero shall be ~o f,re or w~nds~o~m ins~ronc placed on any of said build~ngs, any interest there~n or part the~eof, unlest in the form and with the loaa payable as afor~sa~d; and in ~he e~:ent any a~n ot money becomes payable unde? :uch policy w pofues said MORTGtiGEE shall have ~he opt~on to rece~ve and app!y the same a+ account of ~he i~.d~~~~•J neas sewred hereby w?o {xrm~t ~a~d MORTGAGORS to recr~ve and use it a any part ~he:cof tor orh•~~ pur{~osrs. ~v~tl~~.~t ~h~~~or .v:,~~~3 or ing any ~qu~ry, lien a right under w by virwe of this mo:tgage; and in the eveM sa~d MORiGAGORS shaN for any reason lail to keep ~he sa~d pre~nis.~s so Ins~red, or fail 1o deliver p~omptly any of said pofc:es of insurance to sa~d MORiGAGEE, or (ad promptly to pay fu~ly any prr~n~um iherrfor o~ in a~r rripect fail to perfwm, d~scha~ye, eaecWe, ef(ect, complete, comply wi~h and ab~de by this covena~v, or any pe~f hareof, said MLRTGAGEE may p~ace a~o pay fw :uch insurence or any part thereof «lthou~ wa~v~ng w alfec~ing any optlon, Gen, equ~ty, or r;~h~ unde? or by v~nue of fh~s Moregage, and ~he f„II unounl oi each and every such paymsM sha11 be im,ned~ately due and payabt~ and shall bear interrst from the date thereof untd p~~d at ~he rate o1 n~ne per cenrum per annum and to3ether with wch interest shaii be secured by the lien of this mortgage. To permit, commit or sufier no waste, impairment or deterioration of sa~d property o~ any part ~hereof. 5. To pay all a~d s7nguia~ the costs, charges and expenses, including a reasonable attaney's fee and costs of abstracts oi title, incurred or paid at eny tim.e by a.+~d MORTGAGEE, because or in the even~ oi the fa~lure on Ihe part of the said MORTGAGOR to duly, promptly and fully perform, dncharge e¦ecutq efiett, compfete, comply wnh and ab:de by esch and every the stipulehons, agreements, conditio~u, and covenanrs of sa~d pro~nisiory notc and ~hfs .r.ortqage any or eithcr, and sa:d cosrs, cherges and expenses, each and every, shall be immed~atr~y due and payable; whe~her w not there be not~ce da mand, anempt to coliect or s~i~ pend,ngl and the (ull amouN of each and every wch paymeM shall bca. interest from the date thereof un~il pa~d a? the r.,te o~ nine per centum prr an~~u n; and all said costs, charges a~~d ex;xnses ~ncurred w paid, together w~th such interes:, shal~ be securrd by the I~en of thi~ mor Ig~ye. 6. That (a) in 1he event o( any breach of thi~ Mortgage or defa~lt on the part of the 14lORTGAGOR, w(b) ~n the event any of se:d sums of money herein referred ro be not p~omptly and fuliy paid within th~~ty (30) days next aiter the same severa!ly become due and payabte, without demand o~ not:cr. or (c) in the event each and every the stipulations, a9reements, cond~twns and covenanta of sa!d promissory no~e and th~s mortgage a~y a eithe~ are no! iu:y, promp~ly and futly performed, d.xharged, executed, effccred, compteTed, compGed w~fh and ab~ded Sy, then in Nther or any such event the sa~d ag ~regate sum mrnt~orxd in said promissory note Ihen remaining unpaid, with imerest accrued, and ail moneys setured hereby, shall become due and pay- ao'.e fo~thwith, or thereah_w, at the option of sa~d MORiGAGEE, as fvlly ard comple~ely as ii afl of the said sums of money were a~g~na~ly st~pu!ated io be pa~d on such day, anythirv~ in sa:d promisso~y note or in this Mwtgage to ~he contrary notwirhs~and~ng; and thereupon or thereafter at the op~~on of s~.d MORTGAGEE, w~thout not~ce or demand, suit a~ law w in equity, therefore w thereafter begun, may be prosecuted as if all moneys secured hereby n~d matured pnor Io ds inatit~non. 7. That in the event that at the beginn~ng of or at any time pend~ng any s~it upon this Mortflaye, or 1o foreclose if, p to reform it, or to enforce payment of any cfaims he~eunder, sa~d MORTGAGEE shatt apply to the Covr~ having junsd;aion ~he~eof for the sppoimment of a Receiver, such Coure skail fcrrhwith appoint a rece~•rer of said mortgagcd property all and singular, incl~d ng aN and singu~ar the income, proi~ts, iasues e~+d revenues lrom whatever s; ~rce drrived, each and every of wh~ch, it be~ng expressty vnde~srood, is hereby mor~gaged as if spec~ilcally ut forth and dexribed in the grant~ng and habendum cla~ses hereof, and svch Receiver shall have aIl the b~oad and effecnve funcf,ons and powers in anywise entrusted by a Court to a Rece~ver, a~d s_cfi appointment shall be made by such Co~rt as a~ ad~nitted eq~ity and a ma~ter of absoiute right to sa~d MORiGAGEE, and r+~thout re(efence to thr edequacy a irtadequacy of the value of the property mongaged or to the so.vrncy or msolvency of said MORTGAGOR or Ihe defe~dams, and that s~ch ~e~n, profits, incane, issues and rcven~es ahall be app7ied by such Receiver accord~ng to the lien or equ~ty of said MORTGAGEE and the pract~ce of wch rourt. , 8. To duly, promptly and fully perform, discharge, execute, eifect, complete, comply with and abide by each and every the stipulations, ag.eements, :ondirions and covenanrs in sa~d promissory no~e and th~s mor~gage se~ forth. 9. Thst in the event the owncrship of the mortgaged premises, or any part thereof, becomes vested in a perwn other than the MORTGAG02, the ~'ORTGAGEE, its wccessors and assigns, may, without notice to the MORTGAOR, deat with such successw w wccessa in imerest with reference to this ^•o-rgage and the debt hereby secured in the same manner as with Mortgagor w~thout ~n any way vit~a~ing or d~scharg~ng the Mortgagori liability here- u~~der or upon the debt hrreby secured. No saie of the Frem~ses hereby moitgaged and no forbearance on the part oS the MORTGAGEE or its wccessors or assig~s and no earension of the time for the payment ot tne debt hereby secu~ed given by the MORTGAGEE or its tuccessws or au:9ns, snall operate ro reiease, d~scharge, modify change or affect the orig~nat liab~l~ty of the MORTGAGOR herein, either in whole or in parr. 10. It is speufically agreed thai time is of the essence of this contract and that no waiver of any obl~gat~on hereunder w of the obligatan sr cvred hereby shaft at ar.y time the~eafter be Ae:d to be a waiver of the terms hereof w of the instr~mem secured herby. 11. In addn~e~ to the fwego „q monfhfy payments of pri:~c pal and inrerest requ~red by the prom:sscry no!e sewred hereby, mortgagor covenants -•~d agrees to pay to n,oregagee v~~.h each monrhiy payr.~ent an add.uonal sum cst~n,ated by moregagee to be equal to 1;' 12 ot the annual cost of the follow- ~ ~ „3. ~ A-All real Froperty ta~ces levied or assessed agai~st tnc above desvibed real estate. i B-Pren:~vms on f~re and windsiorm ~nsurance as he~e~n req~;red to be carried on the improvements siwate on the above described premises. S C-Premwms on such morrgage g~a~anty insurar~ce as mo•tgagee shall irom t~me to time deem fit to cat~y on the loan sewred hereby. ~ Mortgagee sha~l from time to time nonfy mortgagor in writing of the am.ouot due and payable htreundrr and wch sum shall thereupon be due and # c ayable on the due dare of ihe nrx? month!y paymem and each s~ccess~ve momh thereaf~~. ur,tit mortgagee shall notify mortgagor of a change in such ! ~•,ount. Such wms sFa:l be appiied by mortgaaee toward the payment of real property taxes, insurance prem:ums, m~d mortgage guaranty insurance a, ; ~ r.:emiums. ~ IN Y~ITNESS YJNEREOF, the said FAORTGAGOR has hereunto set his hand and seal the day and yesr first aforesaid. ~ Signed, Sealed and delivered in the presence of: ~ ~ _ (Seal) ~ • ~ ` ~ SSeaq ~ . < ~ tl/~i-w- _ ~ a~) ~ ,u ` ~ . e rsen _ tSeat) ~ STATE Of fIORIDA 1 ~ } S5. ~ COUtiTY OF St. LUC1P ~ ~ Befo~e me perwna~ly appeared Hefll'lic Petersen P.t2L~: 1.. ~QtE'ZSQT1 his wife, to me well known and known to me to be ~ rhe individuals described in and wFw executed the forcgoiny instrument, and acknowledged before me that they executed the same for the purposes : therein expressed. And the said_ R11th t.. Petersen r.~fe of the sa~d H~1Y1}C Petersen , upon a separate and priva~e ~ e¦am~nation by me taken separate and apart from her said husband, sckrawledged ro and before me tnat she eaetuted said instrument freely and voluo- - rar~ly and without any compu(sion, constraint, spprehens~on, fear of w from her wid husb~nd. WITNESS my hand and offic~al seal tbis__~~ day of Februa A, D. 19 72 - ~ //~JJ - ' ~~5~ `~L~~Y~ _ No~ary PubIK in and for t State of florid~ N Lar~e My Commission expire~~f~ r'~/~~',b ' ' Ret~m To: 'K First Peder~l Savings 3 Loan Assaciat~o~ /C 75 O~ Forr P,erce- '4: Fort V~rrce, Flcr+da aNC a~CO - ~~cie c~v~~~. ~ . - ~ c~~ ~ao ~ ~t RK C ~ ~~1T WlR; . . . BfCOP.D r£= 'PiEO~..~L. - This Instrument Prepared By P1Ch~zd K. Kayes First Federal Savings & Loan Association ~ ` ~ ~~1 - of Fort Pierce ,~'lor i~!a Y ~ FEB ~ ll'1 AM ~y Checked By ~ _ ~ ~1 2~3~9g : : $ao~ fa~ i~~ ' _ - - g } _ _ .s._ : - _ , ~