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Home My WebLink About2841 r 3. To ptace and conrinuousiy krep on the b~~:dings nuw o~ hereaiter ~ituate on sa~d Iand and on al~ eq~~ipment and pe~sona!ly covered by this mo~ age, w~~h alI p~emiumS thereon pa.d in Full, 1~re ins~~a~ue ~n the uwat uandard pol~cy form, in a sum approved by the MOR~ii:+C~EE, a~~d w~~+dsto ~r,surante in the usval s+andard poLCy form, in a s~m approved by the h10RTGAGEE, in such compa~y or co~.pan~es as the h~ORTGAGEE m d~rect; and all (ire and w~ndsrorm ~nsurance pol~c~es on ~ny vF said build~~gs, any irtle~est therein or pa~t thereof, in the aggrege~e s~~~ aio~esaid ir, excess thereof, shall contain ~he usuat srandard morrqagee ciause or such other cl~use as 1Fx Matyagee may iequ.re. m~?ing tha iess vnder s..,J po c~es, each and every, payab~e to said MORTGAGEE as ~~s in~erest n:ay appea?, and each and eve~y such po!~cy shatl be promp~~y ass g~~rd a~~d dr~~vcr~d ~ any held by sald /dORiGAGEE ss (u~iher secwiry to aaid mortg,~ge drbt, and, no~ ~ess than ten (101 days in ad:ance of the exp~~a~~on of ea:h po:~cy, to d~ I~ver to said MORTGAGEE a renewal thereof, together with a r~ce~pt fo~ the premium of such renewal; and thare shail be no f~re ur v,,~~~;isve~m ~~;suranc placed on a~y of sa~d build~ngs, any in~erest theran or part thereaf, unleu in ~he form and wi~h the ~oss payable as aforesa~d; and ~n ~he e.enr any sun of money bccomes payable under s~ch policy w pol~cies said MOkiGAGEE sh~ll have ihe opf~on to rec•_ire a~~d app:y the same on acco.,nt of thz u~d,>b~~d nzas secured htreby o~ to perm~t sa~d MORTGAGORS ro rec~•~ve and ~se it or any part thrreof for o:n.•~ pur~~oi~~s. .::~„c.,t th,~~ o; .,~_.~•,'3 0. ~ng any equ~ty, lien or riqht undrr or by virt~e ot ~hh mo:tga9e; and in the event sa:d MORTGAGORS shall :or any reason fail to k~~ep ~he :a~d p~em~se~ so insured, o~ fail to deliver pro~npfly any of s~id po~~c~es oF insurante to ia;d A10RTGAGEE, or fa~l promptly to pay f~~;y any p:e'~~~~~» thrr~~for or ~n a•~~ respect fail to perform, d~scharge, eaecute, effect, completr, comply with and abide by th~s covenant, or any part h~reoi, sa;d MGRi~AG_E rnay piace a o pay for such insurance or any part thereof w~thout waiving w affeUing any opnon, tien, equ~ty, or nght under or by virtue of thls ".1o~rga~z, a~d thc full amount of each and e~ery such payment shall be immediately d~e and payable and shall bear interest from ~ha date the~eof vntil p„~d ai the rate o~ n;ne per crnium per annu•n and to~rther wirh such in~erest shail be s:cuced by the lien o~ this mortgage. To permit, tommit or suffer no waste, i~npairment or deterioration oi sa~d proExrty or any part thereof. S. To pay all a~d singular the caits, charges and expenses, including a reasona5le attwney's fee and costs of abs~racts of t~tle, incurred or paid at any 1~me by sa~d MORTGAG'.E, because or in the event of the failure on ~he pa~~ of the sa~d MORiGAGOR ?o duly, promptly and fvliy pe~lorm, d~xharge. axrc~te, eifeU, compte!e, compfy w~th and ab.de by each and every the stipulat~ons, agreements, conditions, and covenanrs of said promisso~y note ar.d ~h~s T:o~tgage any or e'rrher, and sa:d costs, charges and expenses, each a~d every, shall be immediately due and payabte; whether w not therc be nonce da mand, attempt to collect or suit pend~ng; and the full a~nount of each and every wch payment shaC bear inrerest trom the date thereof unril pa~d at tt,e r: fe oi nine per crnt~m ~xr annu:n; and all sa~d costs, charges and expenses Incurrcd or peid, together w~~h such interest, shall be secured by the i~en of th~s mOrtgagl. 6. That (a) in the event of any breach of this Vlortgage or default o~ tFr_ part of the h10RTGAGOR, or (b) in the eve~t any of sa:d s~ms of money herein referred to be not promptly and fully pa~d wi~h~n thuty 130) days nexf airer the same severa'ly become d~e and payab!e, wiihout demar,d or no~ice, or in the event each and every the stipuiations, agreem~n~s, cond~tions and covenants of sa d promisw~y nosr a~*d th,s nwrtgage any or e~ther are not ~uly, prompNy and fully pertormed, d!scharged, ezecured, effected, compteted, complied wifh and ab~ded by, then in e~rher or any such event ~he sa~d ag y~egate sum mentioned in said prom~ssory note then remaining unpa~d, with intrrest aarued, and a:E moneys secured hereby, shall become due and pa~r- ab;e iorthwith, or thereafter, at the opfion of said MQRIGAGEE, as fully ard completely as ii all of the sa~d wms of money were or~glna~ly shpu.a~ed ro be pa~d on such day, anything in sa,d pro:n~ssory note or in this Mortgage to ~he co+~~rary nohvi~hstanding; and thereupon or thereafter at the opnon of s~!d MORTGAGEE, w~thout not;ce or demar.d, suit at Iaw w in equ~ty, therefore w thereaher begun, may be prosecuted as if nll moneys secured hereby ' I n~d matured ptrot to ~ts inalitW~on. ' 7. That in the event ihat at the beginn:ng of or at any time pending any suit upon this Mortgage, or to fweclose it, or to referm it, or to enforce t payment of any claims hz+eunder, safd MORTGAGEE shall apply to the Goun having ~ur~sd,cf~on thereof for the appo~mment of a Receiver, such Co~rt shad ~ fo~thwith appafnt a receiver of said mortgagrd property aIl and s~ngular, inc;ud,ng ail and s~ngufar the irtcome, profas, ~ssues ar,d revenues from whafrver so~~ce drrived, each and every ot wh~ch, it bemg expressly understood, is Fereby mo~tgaged as if spec~6ca~ly set for~h and described in the 9~anti~ig and h3oendum c!auses hereof, and such Recz~ver shali have all the broad and effecr~ve funa,ons and powers in anywne emwsted by a Court to a R~c~i~er, a~:d s.cn appointment shall be made by s~ch Cou~r as an ad:nitted equity and a matrer of absoiu~e nght to said MORTGAGEE, ar.d w~rhout reference to the adequacy or inadeq~acy of the va~ue of the properry mongaged or to the so.vency or ~nsoevency of sa~d MORiGAGOR or the defe+~dants, and that such re~rs, profits, incane, issues and revenues shall be applied by such Receiver accord~ng to the ~ien or eq~ity of said MORTGAGEE and ~he p~act~ce oF such Co~rt. 8. To duly, promptly and fully perform, discharge, execute, effect, compiete, comply with and abide by each and every the stipulations, agreements, cond~tions and covenants ~n sa~d prom~ssory note and th~s mortgage aet forth. 9. That in the event the ownership of the mortgaged prem~ses, or any part thereof, becomes vested in a pe~son other than the MORTGAGOR, the :'CRTGAGEE, its successors and ass~gns, may, without notice to the MORTGAOR, deal wnh such s~ccessor or successor in ime~est with reference to this R•ortgage and the debt hereby secured in the same manner as wiih Mo~tgagor without in a~y way vil~ating w d~scharging the ~Awtgagori liabitity here- ~.:~.der w upon the debt hereby secured. No sale of the prem~ses he~eby mo~tgaged and no forbearance on the part ot the /ACRTvAGEE or its successors cr a:s~gns and no exrension ot tha time fo~ the payment of the debt hereby secu~ed given by the MORTGAGEE or its successo~s or ass;gns, ai~all opecate to release, d~scharge, modify change or affect the original liab:l,ty of the kIORTGAGOR herein, either in whole or in part. 10. h is spec:fically agreed that time is of the essence of this contrad and ~hat no waiver of any ob~~gat~on hereunder w of the obligation se- i cured hereby sha!t at any time therea`ter be he:d to bt a wa~ver of the terma hereof o~ of the instrumem secured herby. i j I1. In aod.tio~ to the fore9o ng month!y payments of princ pal and interzst required by the prom sscry no'e setured hereby, mortga3or covenanis ~ ~-.d agrees to pay ~o m.ortgagee vcith eath month'y pay:~ient an add~rional svm est,n~ated by mortgagee to be eqvai to 1,- 12 of tSe annual cost of the foltow- ~ ,:.g: ~ A-Alt real property taaes ~ev~e~ or assessed agac~st th~ above desc.~bed rea! esrate. f B-Prem~u~ns on fire and windsro~m ir.s~rarce as nere~n requ;red to be carried on the :m;.rovements s~tvare on the above d=scribed prem~ses. t i C-Premiums on such mortgage guaranty ir.wrance as morigagee shail frorr t me to time deem fit to carry on the ioan sewred hereby. ~ Mortgagee stiail from f~me to r~~ne no+~fy mortgage. in wrrt;ng of the a*rou~f due and payable hereundrr and such sum shail thrrcupon he due and ' : a,abte on the d~e tiate of the nex! n:onth`.~ payment and each succ^ss~ve month the~eafter ur.fif mortgagee shal) notify mort~agor of a change m such ~ ount. Such sums sFa:i be appiied by mortgagee toward the paynzent of real property tazes, insurance prem:ums, and mortgage guaranty insurance ~ ;>~emiums. ~ IN VNITNESS Y+HEREOF, the sa~d MORTGAGOR has hereunto set his hard and seal the day and ear firs~ afores~~ ~ Signed, Sealed and detivered ~n the presence of: ~ - ^ !.1 ~ (Seap ; c ~ ? - c ~ ~ (Seal) ~ (Seal) i ~ i ($eal) ~ SiATE Of FLORIDA ~ ' ~ Luc i e ; ~ ~;~UNTY OF Ct' ~ 1 3 ~ Before me penonally appeared Ha z e l Kea t o , ~ lv l(~O~V ~ ~ ~ h1Q~IDG7(o me well known and known to me to bt ~ the inJ~v~dualj described in and who e~cecuted the foregoing instrument, and acknowledged before me that 1~r executed the same iw tFie pu~pwes ~ ~ a rherein expressed. ]ID~~~i~~ ~r'~ s~ y!~[~ - 7F~ ~ , WITNE55 my hand and offic~al seal th~s__ day of Feb a r p. p, ~y 7a y . . . . . . . . . . . . . . . . . .v - ` ~l.L--'L~~L~' TG_ . ~ ' • V " ' ~ I ' Notary Pubtic in snd for t St e of Fbridp,.~~~ ~ ~ ~ ST!-~T ~ ~F r L U F21 U A MY Comm~ssion eapires: / 4~ ~ 1 c~ ~ DOCUi~/E~1TA~" STAMP TAX ~ ~;t•~„-3~~;-~, ~ ~ ' ~ z = _ , _ - ` • ' ' ' "i ] = FEB25"l2 ? . <<,. - ~ - + ' I 4 5 S = F~~EO ANO RECOROEO C: - . ~ v ST. LUCIE COUNTY FU. ;.i`: + ~ e~?~'~ ecrE`~ . ROCER POITRAS ~ " • s, ~ ' p-~~~~~Z = CIERK CtZGUtT COURt ~d : ~ V = ~ = ~ _'a RECORQ YfRIFIEO J~'., ~ ~ ~ • _ This Instrument Prepared ByPic.harci K. K~~yes ~ ~ First Federal Savings 8 Loan Association E81S ~ ~ i3 AM '1 `..c L - of fort Pierce , Flo~ic'a Checked BY ~a~,?`~`t~5 t ! 1 y9 F.~~: 2840 . _ r~= ,