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Home My WebLink About1321 . , t 1 ~ , ' • • ~ l- 3. To place and cort7nuoualy keep on the bu~:d:ngs ~ow or hereafter s~ruate on s~~d land and on a~i equ~pment a:~d per~onally to~er~d by ~his mor egs, w~rh alI prenuums thercon pa~d in fult, fire ~naurance ~n the usual stai~dard po'~cy form, m a sum approved b~ the MOR:vAl3fE, and w~~~dsto msu~ance in the usual ~ianda~d po~~cy form, in a sum approved by the MORTGAGEE, in such company or compan~es as ihe 1.1021GAGEE m duect; and al~ tire and w~nd:form insuronce poGcies o~ any of sa~d b~,itd~ngs, any inrerest ~here~~ or par~ thereof, ;n ~he sgg~e9ete s~~~ aforesaid in eacess Ihereof, ahall coroain the ~s~al standard mortyegee ciause or suth o~her clavse aa ~he Mortgagee may requ.re. maMing the ioss u~xkr s~~d po ' c~r~, each and every, pa~ab!e te sa~d A~ORiGArEE as rts ~~~erest may appear, and xach and every wch poi~cy shalt be prornptty ass gned and de.nrered ~ i eny held by sa~d MORTGAGEE as further sewrity to se:d n,o~tgage debt, and, no+ tess than ~en l10) deys in advance oi ~he expiraha~ of each po4cy, ro d~ i~ver ?o said MORSGAGEE a renewal thereef, toge~her with a rece~pt for the pre~nium of tuch renewah and there shall be no i.re o~ w[n~s~o~~n i~suranc ; placed on any of sa~d b~i!d~nga, any interest there~n a part thereof, unless in the form and with ihe ~oss pay.~b!e as aforesa:d; and in ~he even~ any wn ~ ot money becomes payable undrr such policy or pol~cies said MORTGAGEE shalt have ~he opr~on to recri.e and apply 1he sa~~~e on account of the i~.drbn:d ' ness setured hereby or to permit sa~d MORTGAGORS to reteive and use it o~ any part the: 'rof io. otnrr E:ur,, ce~:, .•.:~t,o.:t th w::i~~ +3 or n~:,.:~~ ' mg any equ~ty, lien w r~ght under or by vin~e of this mocrgage; snd in Ihe even~ sa!d MORIGAGORS shatl for any reason fa~l to keep the sa~d pre~n~us so ~ns~red, o~ fa~l to delive~ promptly any of sa~d poGcies of ~nsu~ance ~o said MORiGAGEE, or fai! promptly to pay tuity any p:e~nw•n ther~for or in a~y respect iail to perform, dischar3e, exrcute, effect, comple~e, comply wi~h and ab~de by ~h~s cove~am, o~ any par~ hereo(, s.~~d h1GRTGAGEE may p+ace a: o pay fw such iniurance or any part thereof without waiving w atfecting any op~~on, lien, equ~ty, or ngh~ under or by v~rrue of thi: hloregage. and the f,!1 amouM of eath and er•ery such payment shall be immediately due and payable and shall bear intere~t from tha date thercof until po~d at the iate o1 ?~ne pe~ centum per annum and tojethrr v~ith such interest shait be -~-v~ed ~y Ihe lien of this mortgage. 1. To permit, commit w suffer no waste, impairment o~ deter~oration of said p:operty w any pa~1 thereof. S. To pay ell and singut~~ the costs, charges and expenses, includ~ng a reasonable attwney's fee and costs of absrracts oF title, incur~ed or paid at a~y time by uid MORTGAG',E, because or in the event of Ihe ~a:lure on the part of the aaid MORTGAGOR to duly, pra.+ptly and f~Ily prrform, d:scharqt. ,xecute, elf~ct, compiete, comply w~th ard ab:de by each and every the stip~iat~ons, agreeme~ts, cor+d~t~ons, and covenants of sa~d pro~r.~ssory note and th~s mo~tgage any or e~~her, and sa;d coses, charges and expens:s, each and every, shall be immrd~ately due and payabte; wheihe~ or not shere be nonce da ~„and, attempt to co~lett or sui~ pend~ng; and the full a~nount of each and every avch paymero shalf bear inreres~ 1rom ~he date therrot unril paid at the ~.~~e o~ n~ne per ce~~tum prr annu n; an~ afi said custs, charges and exuenses ~ncurred o~ pa~d, ~ogether w~th such interesL shall be secured by the I~en of th~~ rr.ortgage. 6. Thst (a) in the event of any breach of this Mortgage or default o~ the Rart of thc MORTGAGOR, or ~b) in the event any of sa;d sums of money herein referred to be not promptly and fully paid w~~h~n Ih:rty (30) days next airer rhe same severa::y becu:~~e due and payabie, without demand o~ nor~ce. or (c) in the event each and every the stipula~ions, agreements, cond~rions and covenams of sa d promisswy note and th~s mortgage any or enher are no~ ~u,y, promp~ly and futly performed, d;scharqed, ezecured, effeued, compteted, compf~ed with and ab~ded Sy, then in e~ther or any such eve~t the sa~d ag- ~~egate sum mentio~ed in said prom~sswy nore then remaining unpa+d, with intrre;t accrued, and atl moneys secured hereby, shall become due and pay a5 e fonhwith, or thereafter, at the oprion of sa~d MORiGAGEE, as fulty and compiefely as it a.l of thr sa~d sums of money were ongina:ly snpu;afed ro be pa~d on such day, anything in sa:d p~om:sswy note or in th~s Mongage to the conrrary r.ot.vit6stand~ng; and the~eupon or therea!rer a+ the op~~on of sa.d MORTGAGEE, w~ihout nonce or demand, suit at law w in equity, the~efore or ~hereafter begun, may be prosecuted as if all moneys secured hereby n,d mawred pnpr lo ~ts institut+on. 7. That in the event that at the beg~nn~ng oi or at any time pending any su~t upon this Mongage. or to fweclose it, or to reform ir, or to enforce p~yment of any c!aims hereunder, safd MORTGAGEE shall ap~ly to the Court having iurlsd.ct~on fhereof fw fhe appomtment of a Rece~ver, svch Co~~t shail fc~rhwirh appomt a receiver of said mortgaged property all and singular, intl~d.ng a:l and s~~~gular the inceme, prot~rs, issues and reve~ues from whatever s:~rce de~ived, each and every of wh:ch, ii be~ng express!y vnderstood, is he~eby morrgaged as if apecA~caE:y set forth and descnbed in the grant~ng a~id t,~bendum cta~ses hereof, and such Receiver shaf{ have all the broad and efFea~ve f~nct.ons and po.re~rs in anyw~se e~vusted by a Cewt to a Receiver, and s_ch appointment shall be made by such Court as an admitted equity and a matter of absoi~te right to sa~d MORTGAGfE, and wirhout relerence to the adequacy or inadequac~ of the value oi the property mo.tgaged or to the so.vrncy or ~nso:.ency of sa~d MORiGAGOR or the drtzndams, and that wch ren~s, profits, inco.ne, issues and ~evenues shall be app~fed 6y wch Rece~ver accord~ug to ~he lien or equity of said MORTGAGEE and the prauice of such Court. i i 8. To duly, prompt!y and fully perform, d~scharge, execute, effect, comptete, cor.iply with and abide by each and every the stipulations, agreements, ( ~cr,d~tions and covenants in sa~d promissory note and this morrgage ser fo~th. 9_ That in the evem the ownership of the mortgaged ~rem~ses, o~ any part thereof, becomes vested in a person other than th~ MORTGAGOR, the ! `:ORTGAGEE, its wccessors and ass~gns, may, w~ihout no~rce to ihe R!ORTGAOR, deal w~th such successw or wccessor in interest wiTh refere~ce to this To~tgage and the dea hereby secured in the same manner as w~th Morrgagor withov! in any way vitiating or d~scha~ging tha l.~or!gagors' liab~6ty here- der or upon the debt hereby secured. No sale of ti~e prem~ses hereby mortgaged and no forbearance on the part of Ihe MORTGAGEE or its s~ccessors assigns and no eate~sion ot the nme fw the payment of the debt hereby secured yiven by the N!ORTGAGEE or its sutcessas or au~gns, anall operate !o reiease, d~scharge, modrfy change or affett the ariginal fiau::~ty of the MORTGAGOR herein, either in whole or in part. 10. h is spec~ficaily agreed that time is oi the essence of th~a confroct and that no waiver ot any ob~~ga~~on hereunder w of the ob~igat~on se- cured hereby shal~ at any time thereafter be held to be a waiver of the terms hereof w of the instr~meM secured herby. F 11. In acid:t;e~ to tne forego ng month!y paym~nfs of princ pal and iroereu ~equhed by the prom sscry no~e secured hereb;, mortga~or covenants i i d agrees to pay to mortgagee v~;th each momhiy pa~~•~ent an add~;ional sum est,n,ated by mortgagee to be equal to 1. 12 oi the an:iual cost o( the foIlow- i "'g` ~ a A-All real property taars levizd or assessed agai•~st thc aoove desc*ibcd real estate. ; i B-Premiums on fire and windstorm insurarce as herein requ;red to be carri~d on the improvements s~tuafe on the above d~scribed premises. C-Vre~n~un:s on such mortgage guaranty ir.surance as mortgagee shaN from t me to time deem fit to carry on 1he loan secured hereby. ~ 3 Mortgagee shail from t~me to t;n,e noti~y ~iortgagof :n wr;t~ng of the amou~t due and payable he~eundrr and such su~n shatl thereupon be due and ~ ; jyabte on rhe due date of ~hz nex~ month!y payment and each successrve month thereafr:r ~otil mortgagee shall nosify morrgagor of a change in such ; ~ o~nt. Such sums sFa.l be appiied by mortgager roward the payme~t of real property tazes, insurance prem:ums, and mortgage g~aranty insurance ~ ` .~•emiums. ~ ~ ~ IN WITNESS WHE~F, th sa~d MORTGAGOR has hereunto set his hand and scal the day a~e first sfore id. ~ ned, $e led ai~d liver the pr nte of: ~ ~ 1 ~ ~ ~ ` Patr c R. s, a s ng ~~~dul~t ~ - (Seaq # ~ a ie r ca ~ an on, a s~n~le S~ATE OF FLORIUA 1 $dult ~ COUNTY OF SL• I.L1C~@ ~ ~ ~ r Patricia R. Hughes, a single adult ~ Before me personally appeared snd _ ~IIll~@ Marikka Blanton, a sin~le 8alilt I~ilwrl{r to me well knowrt and known to me to be tha individuals described in and who executed the fwegoirg instrument, and acknowiedged be(ore me that they executed the sarrx for the purposes ~ rheiein expressed. /s~d-iMe-aeld T, ;y .V.i~.~4~fbe-saiJ v~E~~~si~~1~1!'1f1~p1?4~13 ~ r~.erwinsr~errb~rrnrtske++xpereteand-apa?r4rerrt'hers~hGS4fand~atR?~odMldglt!'rb'afid'!ltfDR'fi~A1st11R-e7tEtQt~tf'Sl~TAiRufi~lRl'~~T~T'dASOd1Jh= ~ ~ f3L~Y~2d.~e~lh~vl~nr_cv~avisi~alflns~wicv.~aaceben a~~ tsar.aEv~4ae~.Mwid~u.sbaed ~ - ~ WITNESS my hand and official seal this_~-_ day of •~1. 1Q=~ ~ _ . ~ - ; , Notary ubtic in and iw he tate of,~idb-jt l1r~e.'~ i~ My Comm~ssion expires: ~ I~ ~ ~ ~ ~ , . - 5 Return To: ~ ~ , . First Federal Savings a Loan Associat~on " . ~ ' • ! , ~ Of iort P erce. " 2~,~395'' rnj ~~~~riu ` fort Pi~~rce, ilor~da F,LEO %•N~~ ~EC3~afo ~ ST LUC:' COUMTY Fl~. ac~. ~a=aas This Instrument Prepared By RiChaYd K. K~yes ~f~~~~~,- =?1~ - F+rst Federal Savings & Loan Association ~ - of Fort Pierce ~ Rlorida FE8 1 I Zs PH 71 - Checked By t~- ~ ' 600K PAGE~~~ --,e . _ . - . _ : ~ :