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Home My WebLink About2228 To place and coroinuously keep on the bu~'d~ngs now or hereot~er a~tuate on s3td Iand and on all equip~nent and personaily co~e~ed by this mor egs, w~~h all premi~ms rhereon pa.d in (uil, fre inwiancr ~n u:r ~s~sl sr,,n~ard wGC/ form, in a sum aHproved by the MOR~GAGEE. a~~d w~ndl~o Insvrante in the ueual standa~d po:•ty torm, in a sum approoed by thr 610RTGAGEE, in such tanpany or tompan~ef as the 1dORTGAGEE m d~reu; end all tire and w~ndseorm insurance po~ic~es on any of sa~d bui'd.ngs, any interes~ ~herein or pa~t thereof, in Ihe aggregar~ sum afo~esaid in excess thereof, shali :ontain the usual sta~~d3rd mort9egee c~ause oc su:h other clause as the Mo~tgagee mdy requ:re, making Ihe {oss undrr sa~d po c~es, ea<h and every, payab!e ro said A10RTGAGEE as ~rs int~~rest may apprar, and each and every s~ch po~~cy shail be promptly ass gned and deGvered + eny held by ssid MORiGAGEE ss (unher security ~o sa~d n:octg,ye d.br, and, not less than ten (10) days in ad+ance of the expi~a~~on of each po~~cy, to d. ~~~er to said•MORTGAGEE a renewal thereof, ~oge~hrr wnh a racr~p~ for ~hr preinium ol such renewat; and ~here shall be no i~re or windsto~m insuranc plated on any u( sa~d bui!dings, any interest therem or pa~t thercef, unless in ~he (orm and with the ~oss payab!e as aforesaid; and in th_ evenl any wn of money txcomes payabte under wch policy or poGcies said MORTGAGEE sh~ll have ~he opt.on to rec~~ve and app:y the same on account o( the indeb~~d ness secured hereby or to permit sa~d MORTGAGO~S ro recrive and use it or any p;rt the:eui icr ovi,•~r pvr~.cn~~s. c.~u~o.t th~~.ui w~~win3 or m~p.,ir ing any equ~ty, lien or ~~ghl under a by virtue ol ~h~s rr.o:rgage; and in ihe event sa:d MO+~iGAGORS shafl for any reason fail to krep the sa~d premis~•s so insured, or fail to deliver pra,~ptly any of said poi~ues of insurance to sa;d h10RTGAGEE, or ta~l promptly to pay fu11y any prer»i~m therefor or in a~y respect fail to perForm, d~scharge, execute, effeu, co=nplera, comply wi~h and abida by th~s covenanr, or any pen hareof, sa~d MGRiGAGEE may pface a~~d pay fw such inaurance or any part thereof w~thout waiving or affecting any opt~on, lien, equ~ty, or Nghi under or by virtue of this Alortgage, and the full amount ot eath and eve~y such payment shall be im~nediatety due and payable and shail brar iroerest from the date thcrcol until paid a1 th~ rate ot n~ne per cent~m per ann~m and to~rthar wrh such in~e:rs: shai~ be s~~c~red by the lien o~ thls mo~tgage. 1. To permit, tommit or suffer no waste, impairment or deter~oration of said property or any par! thereof. • S. To pay all and s~n9ular the costs, cha~ges and expenses, including a reasonable alror~eY's fee and costs of abstracts of title, incurred o~ pa~d at any time by said MORTGAG:E, because w in the event of the faiiure on ~he pan of the said MORTGAGOR to duly, pro,nptly and fully perform, d~scharge. execute, effect, tomptete, comply wah and ab.dr by each ancf every the st~p~iar,cns, agreements, condiilons, and covenants oi said prom~ssory note and this mortgage any w e~iher, and sa:d costs, charges and expenses, each and every, shall be im~r.ediately due and payable; whetfier or not there be not~ce dr mand, attempt to cotlect w suit pend~ng; and the tull amount of each and every such payment shall bear interes~ from the date tkereof untii paid al the r~~e o; ~~ne per cenwm yer annu~r, and ail said costs, cF~arges anJ ea~ens~s irxurred or paid, together w~th such interest, ahall be setured by the iitn of this mortgage. 6_ That (a) in the eveM of any breach of this Mortgage or defaut~ on ~F~ part of the AtORiGAGOR, w(b) in the evero any of sa:d sums of money herein referred to be not promprfy and fully paid within th,rty i30) days ~ext arr-_~ the same severa::y 6ecome due and payab~e, without demand or notice, or (c) in /he event each and every the st~puiations, agreements, co~:d~t~ons and covenants of sa.d promissory note and th~s mor~gage any or e~ther are nol ivly, promptly and fully pe~formrd, d:scharged, executed, effected, compteted, compl~ed with and ab~ded Sy, t1~e~ in eithet or any such event Ihe said ag ~regale sum mentioned in said promissory note then re~nair.ing unpaid, with inte~e~~ acuued, and aIl moneys set~red hereby, shalt become dve and pay- ab:e forthwith, w thereafter, at the oprion o4 said MORTGAGEE, as fully ar~ compleee.y as if a~l of thr sa~d sums of money were originally stipu:ated to be pa:d on suth day, anything in Sa:d prom~ssory note or in this Mortgage to Ihe contrary notwithstand~ng; and the~eupOn or Ihereafter at the ophon of sa~d MORTGAGEE, without noti;e or demand, suit at law or in equ~ty, theiefore or thereaher begun, may be prosecuted as if all moneys secured hereby r.=d matured pnor 1o its instituteon. 7. That in the event that at the beginn~ng of or at any tiine pend~„g any su~t upon this Mortgage, or to foreclose it, or to reform it, or to enforce ~ayment of any daims hereunder, said MJRTGAGEE sha,i appty to the Ccurt havi~~g ~unsd:cT:on ihe~rof for the appo~ntment of a Receiver, such Cw:rt shatl ~orrhwirh appoiM a receiver of said mortgagcd pro~crty all and singular, ;nciud ny a~i ard s~~~gular ~ne ir.come, prof~ts, issues ar.d reven~es from whatever s~urce derived, each and every of wh~ch, it be~ng express!y undrrsrcod, n Ferruy mortgayed as ~f spcc~iica!ty set lonh and destribed in the g~anting and habend~m clauses hereoF, and such Receiver sha~i have al~ the broad and effec~~~e f~nct.o::s and powe~s in anyw~se entrusted by a Court ro a Receiver, and s. :h appointment shall be made by such Court as an ad ~~itt~-d equity and a matte~ of atsol~ec r;gM ro said MORTGAGEE, and witheut reference to the adequacy o~ inadeq~acy of the va(ue of the properry m.ortgaged or to the ao.vency or mso:vancy of said MORiGAGOR or the defendants, and that such renrs, profits, incane, issues and revenues shail be appl~ed by such Reca~rer accord~~~g to the lien or equity of said MORTGAGEE and ~he practice of such Court. 8_ To duty, prompT;y and fully perform, d~scha~ge, execute, efiect, comp!ete, con,ply with and abide by each and every the stipulations, agreements, condit~ons and covenants ~n sa~d prom;ssory nose and th:s n,orrgage set fo~th. 9. That in the event the ownership of the mortgaged prenuses, o~ a.iy part ti,ereof, becomes vested in a person other than the MORTGAG~R, the :'.ORTGAGEE, its successors and assigns, may, wi:hout notice to the MORTvaOR, deal with wch successo~ or successw in interest w~rh ~efere~ce to this ~-~.o•tgage and ihe deot hereby sewred in the same mannzr as w~th Lticrt~,~gor w~rhout in any way vit:ati~g or d~uharg~~g the Mortgagors' liability her~ ~nder or upon the drbt he~eby sec~red. No sale of tlie pren:~s>s hereby mortgaged and no lorbearance on the part of the 1dORTGAGEE or its successors or assigns and no extension of fhe time for the payment of the debr h~reby sec~red given by the h10RTGAGEE or its successors or ass~gns, ahail operate ro re!ease, d~scharge, modify change or affect the orig;nal liao.t~ry of the h',OR:GAGOR herein, either in whoie or in part. 10. It is spec~ficalty agreed that time is of the essence of th~s contracr ar,d that no waiver of any obf~gat~on hereunder or of the obligation se- cu•ed hereby shali at any time rhereafter be he:d to be a waiver of the terms hereof or of the instrument secured herby. 11. In add,!~oi to the fore9e ng ~^onih!y paym:nrs ot princ pal and inrrres~ requ~red by the pron~ sscry no'e secured hereby, morfgagor covenants =•.d agr~es to pay ro mortgagee .+~ch eacfi ~nonthiy pa~~.,ent an addr•iona! sum ~st ated by mortgagee to be equal to l, 12 of the amwal cost of the follow- ~ ~7 ~ A-All real properly taxes levizd or assessed aga~•~st thc above desrribed r•_-al estate. ~ ~ ' ; B- Pramiums o~ f~re and windsrorm ;nsura^ce as herein requ:red to be ca~ried on the [mprovemeits s:tuate on the above d=scribed premises_ j s ~ C-Premiums on such mort~~ge guarar.ty insvra~.ce as mo~tgagee sha;~ fro~r t me to tim~ deem fit ro carry on the loan secured he~eby_ Mwtgagee sha!I t.cm iime to t~me nonfy mortyagcr ;n writ~ng of the amou~t d~e and payable hereundrr and such surn shall thereupon be due and ;.a~ab;e on the due date of the next month:y payn,eni and each successrve v,onth thereafter ur,t~l mortgagee shall not~(y ~nortgagor of a change in such ~~.ount. Such sums sNa:l be app:ied by mortgagee roward the payment of rea! properry taxes, ins~rance prem:ums, and mort~age guaranty insurance i -•emiurtts. E ; IN WITNESS 1tiHEREOF, the said h10RiGAGOR has herevnto set h~s ha~,d and seal the day~aq~ yea~t aforesaid. E 5igned, Sealed and delivered in the presente of: ~ ' Da D. Ernsber e J. ~a~~ ° ' (Seal) ~ " ~ ~L '7 ~ - Seal) ~ . a ar e rns erger ~~ai~ - - ~ ~ ~ i ATE Of FLORIDA ~ u- ~ CoUNTY Of St . LLiCl@ ~ ~ Before meQe rwnally a~pea~ed ~dl@ L~. Ernsber eI .JY~~~t • s~ ^ LOld F•arie Ernsberger his wife, to me well k wn and known to me to be K the individuals described in and who executed the foregoing instrument, and acknowtedged before me that they executed the same for the purposes f ~ rhe.ein expressed. And the said Lola Marie Ernsberger r~ffe ot the ~~d Dale D. Ernsberger , Jr . upon a separsq and private ~z ~xam~nat~on by me taken sepa~ate and apart from her said husband, acknowledged to and before me that she executed said instrument f~qpty. And volun- ;t ~a„!y and w~thout any computsion, constraint, apprehens~on, or fear of or from her said husband. ; ti ~ WITNE55 my hand and offiual seal th~s _ day of March .~.jj~,p,. ~q_~ _ /'L~.~,~E~ '~~C.~~'?-' f`'~ : _ Notary Publi: in end for the State of fioi~da ~1• larpe - ' ~ = My Commiss~on expircs: f~ _ ; ~ ~ - ~ : ' - Return To: ' ' first Federal Savings 3 loan Associatio~ v 3 ~ p~ Of Fori P~erce. ~~~~.Y V - fort Pierce, Flor~da . - F LEO AN~ RECORQEO LUCIE COUNTY FLA. ~ ~ ROCER POItMs CIERK CIRCUIT COUIIT This Instrument Prepared By Thomas A. UriSCOll RECORDYEFIilEO~.~~ t First Federal Savings 8~ Loan Association ~ ; of Fort Pierce , Florida ~ 23 I tz PM ~~Z Jl~' ~r: Checked By ~ ki = U Q . cf ~°x2U0 ~2227 _ - _ . - _