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Home My WebLink About0275 3. To place and coNinuo~sly keep on the b~~'d~ngs now or herea(ter s~tuafe on s3~d Iand and on all equ~pment and personally tovcred by th~s ma ege, w~th all premiums fhereon pa:d in fuil, fire insu~ance in tha ~sual sta~~derd po:~ty form, in a sum a~proved by ~he MOR~CaAGEE, and w~~~ds~o nwrance in the us~al s~andard po'~cy 1orm, in a s~m appro.ed by it+e MORTGAGEE, in such company or compan~es as the G10RiGAGEE m d~rect; ind ail fire and w~ndsiorm i.isurance po~~cies on any of sa~d bu~id~ngs, ~ny ime~eat therein or pari thereof, in the aggregate iu~n afo~esa~d in excess thereof, shall contain the usual sta~~dard mortgagae clause or such o~her dause as the Mortgagee mey requ~re, making tha ioss undr~ sa~J po c~es, each and every, payable to said btORTGAGEE as ~ts interes~ may appear, and each and every auch po~icy shall be promptly ass gnc~i ar.d de~iv«rd ~ any held by sa~d MORfGAGEE as iurther security to sa~d mortgage debt, and, not !ess than ten (101 days in advance of the exp~rat~o~ o4'each pol~cy, to d. i;ver to said MORTGAGfE a renewal thereof, loge~her with a rece~pt tor the pr~~n~um of such renewal; und thrre shall br no f~re or w~ndsto~m insuranc placed on any of said build~ngs, any interesl therein or par~ thereof, un!ess in the form and with the loss payable as aforesaid; a~d in the event any sun of money kxcomei payabte under such policy or poGcies said MORiGAGEE shall have rhe opt~on to reca~ve and app!y the same on account oi thr indeb~~d ness secured hereby or ~o permit said MORTGAGORS to ~eceive and use it w any part thereof ior o,her pur~~oses, v~itho.:t th~r.u~ ~.~~v~.~3 0~ ~~~~p..~~ ing any equity, lien or righl unde~ or by virtue of this mo::gage; and in the event u;d MORTGAGORS shall fw any reason fail to keep the sa~d p~e~rises so ~naured, a fai! to deliver p~ompdy any o) said pofictas of insurance to said MORiGAGEf, or fail promprly to pay futly any pre~:~wm the~efor o~ in a~y respect fail ro perfwm, d~scharge, execute, effect, complete, comply wieh and abfde by th]s cove~ant, or any part hareof, said MORTGAGEE may place a~~a pey fw such insurante or any part thereof without waiving or affecling any option, lien, equ~ty, w right under w by vi~tue of this Mortgage, and thc }ull amounl of each and every such payment shall be immediately due and payable and shall bear iroerest from the dete thereof until paid at ~he rate ot n~ne per cenrum pe~ annum and tu~ether with such inte~es~ sh~6 be secured by the lien o( thia mortgage. 1. To permit, mmmit or suffer no waste, impairment a deterioration of sa~d property ot any part thereof. 5. To pay sll and singulsr the costs, charges and expenses, including a reawnabfe attorney's fee and costs of abst~atts of titte, incurred or paid at any time by said MORTGAG:E, because w in the event of the fa~lure on the par~ of the said MORTGAGOR to duly, promptly and fully perforrn, d~scharge. axecute, effect, comptete, comply wAh and ab:de by each and every the st~pu~anons, agreements, conditions, and covenants o~ sa~d prom~ssory note and th~s .~:ortgage any or either, and sa~d costs, charges and eapenses, each and eve~y, shall be immediatety due and payable; whether or no1 there be not~ce d~ mar,d, attempt to collect or suit pend~ng; and the full amount of each and every such payment shall bear interest from the date thereof until paid a1 the r.~re o~ n]ne pe~ centum per on~iu:n; anc' all said custs, ci,arges a~~d expenses incurred or paid, together w~th such interest, shall be setured by the I~en of this mortyage. 6. That (a) in the event of any breach of this 1No~tgage or deiault on tFa part of the MOR7GAGOR, or (b) in the event a~y of sa;d sums of money herein rcfe~red to be not promptly and fully paid within Ih~~ty (30) days next aftcr the same severa!ty become due and payabk, withoW demand or nmite, ' or (c) in the event each artd every the st~pu(afions, agreements, cond~t~ons and covenants of sa;d promisso~y ~ote and th~s mortgage any or either are not ` ~u~y, prompHy and f~lly per(orme~l, d:scharged, executed, effected, completed, complied with and abided 5y, theo in e~ther w any such e~ent the said ag ~regate sum rrKntioned in said promisswy note then remaining unpaid, with intrres? accr~ed, and all moneys secured hereby, shall become due and pay- ab:e forthwith, o~ thereafter, at the option of said MORTGAGEE, as fully and completely as if all of the said suma of r.wney were originally st~pu:ated ~o be pa~d on such d~y, anylhing in sa.d p~om~ssory note w in ~h~s Mortgage to the con~rary nofw~ihstand'ingr an~ ~hereupon or thereafter at the opt~on of said MORTGAGfE, without notice w demand, suit at law or in equity, lherefore or thereaiter begun,, may, be prosecuted as if all moneys secured hereby nad matured pr~w to its inslitutioo. ~ 7. That in the event that at ~he beginn~ng of or at any time pend~ng any su~t upon th~s Mortgage, a to (weclose_ it,_o? to re(orm iL or to enforce payment of any claims hereunder, said MORTGAGEE shall apply to the Court having ~unsd;ction thereof for the appo~ntment of s Receiver, s~Ih Court shall fcrthwith appoin! a receiver of said mortgaged property all and singvlar, includ,ng aIl and singu~ar the income, prof~ts, iss~es a~d revenues from whatever s~urce derived, each and every of wh;ch, it being expressly unde~atood, is hereby mortgagPd as if spec~~icaily set for~h and described in the g~aro~ng a~d habendum clauses hereof, and s~ch Receiver shall have all the broad and effective funct,ons and powers in anywise entruster) by a Cou{t to a Rec.:ive~, and s..ch appointment shall be made by such Court as an admitted equity and a matter of absolute right to sald MORiGAGEE, and withoul refere~ce to the adequacy o? inadequacy of the value of the property mor~gaged or to the so~vency or insolvency of sa~d MORiGAGOR a the defendants, and that such rrns, pro`its, iocane, issues and revenves shall be applied by such Recerver accord~ng to the lien w equity of said MORTGAGEE and the practice of wch Court, j 8. To duly, promptly and fully perform, discharge, execute, effect, complete, comp~y with and abide by each and every the stipulations, a9~eements, conditiuns and covenants in sa~d promissory note and this mortgage set lorth. 9. That in the event the ownersh~p of the mortgaged premises, or any part thereof, becomes vested in a pe:son other than the MORTGAGOR, the :',ORTGAGiE, its successors ar,d ass~gns, may, w~Thout notice to the MORTGAOR, deal with s~ch successor or successor in inrerest with re(e~ence to this n•o~tgage and the debt hereby secured in the same manner os with Mortgagor without in any way vitiating w d~scha~ging the Mortgagori liab~lity here- ; under or upo~ tF.e debt hereuy sec~red. fVo sale of the prem~ses hereby mortgaged ar.d no forbeara~ce on the pan of the MORIGAGEE or its successors ( or a:signs and no extension of the t~me for the payment of the debt hereby sec~rad given by the MORTGAGEE or its succeswrs or assigns, a~iall ~perate t ~o release, d~scharge, modify chan~e or affect the orig~nal I~a~~l~ty of the MORTGAGOR lxrein, either in whole or in part. i 1 10. It is speuficalty ngreed that time is of the esu~ce of this contrac~ and that no waiver of any obl~gation hereunder w of the obligation se- cured hereby shali at sny time thereafter be he!d to be a walver of the terms hereof or of the instrument secured he~by. I t. In ad~~tio? to the (orego ng ~r.onth!y payments of prir.t pat and interest required by the prom;ssery no!e secwed hereby, mortgagor covenants ! d agrees to pay to mortgagee ~nith each ~r.onrh~y pay~.:ent an add~nonal sum est~n~ated by mortgagee to be equal to 1, 12 of the annual cost of the follow- i , ~ A-AU real property taaes levied or assessed aga~nst the above described real esrare. ; e B-Prertiiu;ns on f~re and windsronn inwrance as nere~n requ:red to be carried on the [mp~ovements s~tuate on the above d=scr~Er d premises. ` t C-Premiums on such mortgage guaranty ir.w~a~~ce as mo~tgagee sha~l from t me to time deem fit to ca+ry on the loan secured hereby. ~ ~ Mortgagee ;hait from rime to t~me no~ify mortyagor m wr~ting of ~he amouro due and payable hereundrr and such sum shail thcreupon be due and ~ ~ r~vab~e on the due date of the next n~omh:y payment and each successive month thereafter uc~il mortgagee shaH notify mortgagor of a change io w.h € ;-:ounr. Such su:r.s s~ai! be ap~.'ied by mertgag~e !ov~ard the payment of real p~epe~ty taxes, inwrance prem:~ms, and mortgage guara~ty insurance 3 F c„emiums. # ~ IN YiITP1E5S WH:REOF, the said MOkTGAGOR has he+eunto set his hand and seal the day and year first aforesaid. ~ ~ Signed, a d r 'n the presence of: ~ ~ ~ a~~ ! ~ - - si~ ~ r ~ - - (Seaq S ~$Ca~) ~ _ » E 5 STATE Of FtORIDA ~ ~ St. Lucie ~ :~uunr oF - ~ Before me penonally appeared FY~ncis I.. Rogers a~ ~ Edith B. Roaezs his wife, to me well k~own and known to me to be ~ tne ind~viduals described in and who executed the fore9oing instrument, and acknow~edged befwe m~ that they executed the same for the ?u~poses i ~ Edith 8. Roaers = ~ therein exprc~sed. And t`~e said Rogers ' ~ Francls L. r~i(e of the said upon a separate and private ~ ~ e=am~nation by me taRen separate a:.d apart irom her said husband, atknowledged ro and before me that she eaecuted seed instrument freely and voturr ~ ra.dy and without any compuision, constraint, apprehens:on,~ fear of w from her said husband. ~ WITNE55 my han~ and offidal seal this--_ ,~~~I ~ _ dsy of Februar A. D. 19 72 - i _ Notary P ~c in and fw t Stafe of F{orida at larqe ~ :3 My Com ~ssion expires:~ G, i y~r ~ Return To: = First Federal Savin s d~ loan Assec~nt~on NO~ARY PUBLIC STATE OF FLORIOA AT LAR(~E ~ b+Y COM!!ISSION EXPIRES AUG. 6. 1975 _ O? Forr P e~ce GENERAL INSURANCE UNDERWRITER.~ 11~' Fori P~rrce. Florida ' . . _ . • , ' ~ • ~ / LEQ AND RECORDEQ This Instrument Prepared By ~i'm. 8.• ~rauti ~ - WCtE ~OUNTY F~A. = First Federai Savings 8~ Loan Assotiation_, ROC~R oQITRAS of Fort Pierce, Flotida " ' OLERR C~~CUIT COURj,,~~~ . RECORD VFR~r'IEO~,.~.,1~ Checked BY ryi~ 1 S41N7 ~~Z ':Y4 = ~~R~~VV P,. 275 2~~~.~5 'C~ . - ,r~ , ~ ~ , = ~ = - - ~ _ . ~ _ ~ ~ , _