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Home My WebLink About2536 3. To plate r.nd cont~nuously keep o~ the bu~idin9s now or he~rafre~ ~~~uete on sa~d Iand and on al1 equipmant and perso~ally wvered by this ma ege, with atl premlvms rhrreon pa d in fuli, Gre ~~~surance ~n the vi~at sr~~~d.+rd poi~cy foim, i~ a sum aparo~ed by the AAOR~GAGEE, and w~nJsto :nsurance in the usual aranda.d po~.cy fo~m, in a sum aNpro.rd by tha AIORTGAGEE, in such comNany or compan~zs as ~he h~ORiGAGEE m d~rect; and all lire and w~nds~o~m insurance polic~es on any of sa~d kw~~d~ngs, any intaesl the~ein or part ther of, in the aggregate sum aforesaid in exces~ ihereof, shaU conrain the usval s~a~~dard mortgagee c:3use or s~:h oihe~ d3use as the Mongagee may req~~ro, mak~~g the ~oi~ under aa~d po . c~es, each and every, payab!e to said 1110RTGAGEE as ~ts ~n~crest may ap~ar, and each and eve~y such po~uy shall be piomptly aas g.~ed and det~vered : any held by safd MORiGAGEE as iur~her sec~rity to sa~d n:ortgage drbt, a~~d, no~ less than ten (101 dars in advance of thz expi~at~o~ of each policy, to d. ~ I.ver to said MORiGAGEE a renewal tl~ereof, Ioqe~her w~th a rece~p~ for the premi~m of such renewai; and there sh~l~ be no f~re oi w~ndsto~m insuranc pla:ed on any of said b~ild~~~gs, any interest there~n or pa~t thereof, umrsa in ihe form and w~~h ~he loss paVabie as aforesa~d; and ;n the event any sun of money becanes payable under such potity w poG:ies sa~d M,ORTGAGEE sh.all have ~he opuon to rec~ive and app~y ~he same on accounl of the indrbtrd neii secured he~eby M to petmit Said MORTGAGORS to ~ecc~ve and uSC il W any p: H the:cof 4or otiu•+ pur~~osr5. ~'n~~~o~t thr~~ u~ ~v~~~~ ~3 C~ ~~+~P~~r fng any equity, Iien or right under u by virtue of this neatgage; and in the evrm sa~d M0~2TGAGORS shall fo~ any reason iail to keep the sa~d premises so ~nwred, or fail to detiver promptly any of said po~=cies ot insura~ue to sa:d h1C~RTGAGEE, or fa~i p:omptly to pay fuily any pre~n+um thcrefor or in a~y reipec~ fail ro perform, discharge, ezecute, effecl, ca~~ptr~a, comply wiih and abide by this cov<nan~, or any p.~r~ hrreof, sa~d tdfiRTGAGEE may p~ace a~~d pay fw s~ch insurance or any part thereof without waiving or affec~~ng any oNt~on, Gen, equoy, or ~~~ht under o~ by virtue ol this Mortgage. and the . f~ll amount of each a~d every such paymem shall br immed~ately due and payable and shail bear inte~est from the date IhereoF un~il poid at the rote o1 ^.~ne per centum per annum and to~r~har vrnh such in~e~rst sh~~~ :>e sacur~~d by the lien of this mortgage. 4. To permit, commit w suffer no waste, impairment w detar~oration of said property w any part thereof. 5_ To pay all and singulsr the costs, charges and e+cµenses. ~r.dud~ng a reaso»able attomey's fee and costs of abstrac~s of tiNe, incurred or paid at any time by said MORTGAG:E, bccause or in the evem oi the fa:iurc on the pari of the said MORTGAGOR to duty, promptly dnd ful~y pe~fwm, d~xha~ge. execute, effect, comptete, comply wuh and ab:de by each and every the st~pila~~ons, agreen,c~ts, cond~t~ons, and covena~vs o; sa~d pro:nissory note and thls ,r.ortgage any or eithe~, and sa~d costs, charges and ezpenses, each and every, shall be immed~ately due and payab:e; whether w not there be nonce dr r.,and, attempt to tollett or suit pend~ng; and the fuH amoum of each and e~ery such paymem shali bear ~nterest irom the date Ytureof until paid a? tht ± r; re o~ nine per centum pe~ annu:n; and all sa~d ccsts, ciiar3es a~~d rape~~ses ~ncurred or paid, togeiher with such interest, shall be secured by the lien of thi~ ~ i merfgsge. 6. That (a) in the event of any breach of this Mortgage or default on the part of the MORTGnGOR, w(b) in the event any of sa;d s~ms of money F herein referred to be not prompNy dnd fully paid within ~n:~~y ~30) da,rs nexf a~rer the same se+era'ty become due and payab!e, withovt demand or nohce, ? or (c) in thr event each and every the stipulations, agreements. co:id~~~ons and covenants of sa d pro~n~ssory note and th~s morfgage any or ei~her are not ! ~vly, promptly and fully performed, d:schargrd, executed, effec~ed, compieted, compi~ed wi~h and abided 5y, then in eithci w any such event the sa:d eg gregate sum ment~oned in said promissory note then rema~mng unpa~d, w~th ~nt~rest accr~ed, and ail moneys secured hereby, shall become due and pay no:e forthwith, o~ the:eaiter, at the opt~on of sa~d MORiGAGEE, as fully a~x! compie~ely as ii all of tiir sa~d svms of money were o+~g~naily snp~lated to be pa~d on such day, anything in sa.d prom~ssory note o~ in this hlortgagr to the cont~ary not,nir4ztand~ng; and thereupon or thereafter at the opt~on of sa:d MORTGAGEE, without not~te or demand, su+t at law or in equay, therefore or thereafrer bequn, may be prosetuted as if ell moneys secured hereby nad matured pr~or to ~ts institution. 7. That in the event that at the beginn~ng of or at any fime pend;ng ar.y su~t upon thls Mortgage, or to foreclose it, or to reform it, or to enforce payment of any caaims he~eundzr, said MORTGAGEE shali app!y to the Court hawr.g jur~sd:crion ~hereof for the appo~ntment of a Receiver, such Co~rt shail forrhwith appoint a receiver oi said mortgaged property all and siny^vlar, indud ny ail a~~d s~r~gu!ar fhe incon~e, prof~ts, issues and reven~es from whatever so~rce derived, each and every of wh[ch, ~t being expressty undersrood, ~s ter,•by murrgagtd as ]f spec:ficalty set farth and described in the granting and habendum c!auses hereof, and such Receiver sha11 have atl fhe broad and eftettrve fur.ct.ons a~d powers in anywise ennusted by a Cou~t ?o a Receiver, and r_ch appointment shall be made by such Co~rt as an ad;nitred rq~~ty and a r.:a~re~ oi a~soiure r:ght to said MORTGAGEE, and ~+rithevt re(erence to the adequacy a inadequacy of the vat~e of the property mortg~qed or to the so vency or ~nso:vency of sa~d MORTGAGGR or the defe~~dants, and ~hat such e•~rs, profits, inco.ne, issues and revenues shaH be ap~i~ed 6y svch Rec~wer accord~ng to the tien o~ equity of said MORTGAGEE and the practice o( such Court. 8. To duly, promptly and (utly perfo~m, discharge, exetute, effect, compiete, corr,pty with and abide by eath and every the sfipulations, agreements, ronditiona and tovenams in sa~d promissory note and th:s mertgage set forth. 9. That in the event the ownersh~p of the mo~tgaged premises, or any part thcreof, 6ecomes vested in a person other than the MORTGAGOR, the ;'.ORTGAGfE, its successors and assigns, may, without nat~ce to the MORiGAOR, deal w~th such s~ccessor or successor in interes~ with reference to this o•rgage and the debt hereby secured in the same manner as with lJlortgagor wnhout in any ~vay vit~ating or d~scharging the Mortgagon' liability her~ under o+ upon the debt hereby secured. No sa~e of the prem~ses hereby mortgaged and no iorbearance on the pa~t of the /AORTGAGEE or its svccessors cr ass~gns and no exte~sion of the time for the payment of the deb+ h~.eby secured g~ven by the ~hORTGAGEE or its successors w assigns, s~wil operate ro re!ease, d~scharge, mod~fy change or affect the or.g~nal liau~tity of the N~ORiGAGOR herein, either in whoie or in part. 10. It is speufically ag~eed that time is of the essence of this contract and that no waiver of any ob~:gat~on hereunder or of the obligation se- c~red hereby shal~ at any time thereafter be he!d ro be a waiver of the !erms hereof or of the instrument sewred herby. 11. In add:tion to the forego ng month!y paym~nts of princ pal and int~~rest required by the prom'sscry no!e s:cured hereby, mortga~or covenants +~.d agrees to pay b mortgaqee v~ith each momhiy pay~~ent an add~r~onal sum est~~~a~ed by mortg~gee to be equal to 1. 12 of the annual cost of the foliow- A-All real property taazs levied or assessed agai•ist th~ above descr.bed reat estate. ~ B-Prem~ums on fire and windstorm insu~arte as herein requ;red to be carried on the improveme~ts s~tuate on the above desuibed ptemises. C-Premiums o~ such mortgaqe guaranty icsura~,:e as mortgagee shall fro+c tlrne t~ tim< deem fit to carry on the loan secured hereby. ~ Mortgagee sfia~l from fime to tinse nOtify mo:ryager ~n writ~~g of the amou~t du~ and payable hereund~r and such sum shall thereupon be due and ~ ::3~able on the due da~e of the r.ext month:y paymer.t and each s~ccessive To~~th ihereairar uc~ii mortgagee shail not~fy mortgagor of a change in such ~ ~ a~ ounL Such sums sFall be applied by mortgagae roward the payment of real property taxes, insurence prem:ums, and mortgage guaraoty insurante ~ ,~-emiums. i IN WITNESS WHEREOF, the said MORTGAGOR has hereunto set his hand and scal the day and y a? first aforesaid. ~ S" ned, Sealed a~d eli er in the presence of: ~ Seal) s , ~ K R. Ive ts~ap ~ Patricia K. v~ey t~a~ ~ ~ ; ~ SiATE OF FLORIDA ~ ~ ~ SS' ~ ~7UNTY OF St. ZuC16 ~ ~ Befoae me personally appeared Karl R. IQey and ~ Patricia K. ~ _ IneY his wife, to me well known artd known to me to be .s tha individua(s described in and who executed the for oi ns um ~ awledged before me that they execute~.fhe saw fot ihe purposes ~a£~i.c~a eR': ~v~ - ~ ~ ~ , therein expressed. And the said -~i~ ~ Karl R. Ive : . .~~fe of ehe said 3~ l~oiS`~:sepxaf¢ ~nd p?ivate e=am~nation by me roken separate and apart from her sa~d husband, acknowledged to and before me ihat she executed.if{d,instrumerit freely ~nd volun- !arlly aod wifhout any compvision, constra+nt, apprehens.~on~, or[ fear of or from her sa' husband. ~J~ ~ WITNESS my hand and official seal this__ ~i,~/-~1- - day of_ ~~h A. b. 19-_.L~ ~ . Q~ ' • . Notary Publit in a~d fw the State'of a~t ,LxAi~+ - My Commission expires: ' Return To: ' ' ~ ' fs NOTARY PUBIi~. Sf~1~i'~~'L~AA1bA at IARGE ; First Federal Savings a loan Associat~on ~ o( Fo~r a.e:ce. MY COIAMISSIOtI EXPFRES SEPT. 25, 19I5 _ <=; Fon P~erce, Flcrida fIl.EO A~iD RECORp~O Bonded Br American Bankas Insunnce ~o- ~.J iT.IUCtE COW11Y FIA. - ROC~=• ~41TRAS ;s3 CIEPl~ Ci;;CWT COUBT ( - - RECL~Rf YE~?.FiEO This Instrument Pre ared B JOhn 'NI. Co111T1 ~ First Federal Savings 8~ Loan Association ~ 1~ fl ts AH ~~t ~ ~ of Fort Pierce , Florida ;=t Checked By 2~~2 ~3 ~ '4+ I BooK20fl Pa~E2535 ~s ~ ~ , x Y ~~s~~`~-,~~~..:~' , . . r _ :