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Home My WebLink About1229 ?o plan u~d continvo~sly keep on the bu~•d~~p~ now a Mreaita 4twq on sa~d ~~nd and on ~11 cquipnMt ~nd p~nonally cova~d by ~his mor p~, w~~h ~11 pr~miums ~herew? pa•d ~n fuil, hre ~nivr~nce ~n ~he ~~wl s~~ndud polKy fam, in a wm aPaowd b~ t!» MORiGAGEE, ar~d w~+~df~o cnsura~c~ in ~M uswl uands.d pol~cy 1wm, in • ium approved by ~M MORTGAGEE. in wch company w compa~~es as ~he MORTGAGEE m direc~; ~nd •tl (in and windsarm insuranc~ polKies on any of wid ivild.nps, any in~~~~~t ~he~ein a put ~he~wf, in tt~r ~pg~e9a~~ w+n aforeitid In eaceas ~he~eof, shall contain ~M vwal itand++d ma~ya~M ciaus~ a such aMr clau~ u ~M Mor~pape~ may reqv~r~. makinp ?M Ioa und~. sa~d po ucs. exA ~nd ewry, paYaW~ ro iaid MORiGAGEE ai ~ts intere~~ may +ppea~. a~d each ~nd ~vKY ~uch pol~cy_iF+~ll b~ promptly au~:~ed a~+d delivered ~ •ny keld by said MpRtGAGEE as (w~he~ secu~ity to uid mortpaye dsb4 ~~+d, not I~is tM~+ t~n (10) dsys in adwntt of the tapi»~ion ol each policy, to d~ tivar 1o said MORTGAGEE a renewa! theaeol, fope~h~r wi~h a receipt fw the p«mium of such renewal; and ~hen shall be no fira w wi~~dt~orm 4rsuranc plated on ~ny of said bcrildings, ~ny interest ~htre~~ or p~~t thereof, ~nless in ~M fwm a~d with IM lou payab'.t aa aforesaid; and in the event any svn of money becomes payable under such policy w policias aid MORTGAGEE shal! haw tM opt~oe? ~o receive and ~pply the same on account of the indebted ness secured hereby O~ W pcrmit said MpRTGAGORS to rtteiw end uN it p any part the~eol'fa othc~ pwpoSrs, w~ihout thano/ waivia~ cr impair i~g any eq~ity, lieri or ~iyht under or br virtue of this mors~aye; ~nd in tlw went uid MORTGAGORS ihiN for any reason fail to keep the said prem~ses so insured, w fail to delivd promptly any of iaid policies of ins~rancs to said MORTGAGEE, a fail promptly to p~y tvlly sny prcmiufr? therefor w i~ any respect fail b per(orrn, dischar9e, execute, effect, comptete, comply wi?h ~~d ~bide by this tove~ant, w any part hereoi, ssid MORTGAGEE may plate and pay fw s~ch insuronce a ~~y put thereof withovt waivirg p affactir~p any option, lien, eqtrity, or rigM unde~ o~ by virtw of this Malgage, and tht full amou~t of cach and ev~ry i~cA p~yment shall be immediately due ~nd payable and shall bear i~tereu from ths date thc~epf until paid a~ ~M ~ate oi nine per centum per annum and togethe? with such interest shall be securcd by the lien of this matQags. 4. To permit, cornmit or suffer no waste, impairme~t or dete?iorario~ of said properry a any pan thereof. 5. To pay all and singular the casts, charyes and expenses, including a rcasonabk attorney's fes a~d costi of abstrsds of title, incurred w paid at any time by said MORTGAGfE, because w i~ the event of the failure on the part of the said MORTGAGOR to duty, promptly sad fully per(wm, d~xhargq execute, effect, complete, comply with and ab:de by each and every the stipulations, aqreemertts, conditions, and covenants of said promissory note and thii mortgaga any or e~ther, and said coats, chargea and expa?ses, cach and every, shall be irMnediately dve and payable; whNhcr w not there be no~ice do- mand, attempt to colletl or suit pending; and the full amouM of each and ercKy svch paymeM thall bea~ interest from ~he date thereot until paid st ~he rate o( nir?e per cenwm per annum; and all said twts, charges and expenses int~rred w paid, together w~th such iMerest, shall be setured by the lien oi this mortyagt. Q That (a) in the event of any breach of this Mwtgage o? default on the part of the A10RTGAGOR, o~ (b) in the event ~ny of said tvms of money herein referred to be not promptty and fully paid within thirfy (3p) dsys next after the same severalty beconx due and payabk, wilhoul demand o? notice, or (c) in the eveM eath and every the stipulations, agreements, conditions arxl tove~ants of ssid promiuwy note and th~s matgage any or either are not iuly, promptly and fully pe~formed, d~scharged, executed, etfectcd, completed, complied with and sbided by, then in either or any such eveM the said ag g.egats wm mentioned in said promissory note then remaining unpaid, with iMe~est accrued, and all moneys setured hereby, shall betome dve and pay- ~ able forthwith, a thereaiter, at the opt~on of said MORTGAGEE, aa fully and comple~ety as ii all of the said sums of money were aginafly st7pulaled to be paid on such aay, anything in said prom;uory note or in this Mortgage to the contrary notwithstanding; and theteupon or thereafter ~l the option of said MORTGAGEE, without notice or demand, suit st law ot in eq~ity, therefore or thcreatter begun, may be prosetuted as if all maxys secured hercby had matured ptlor to its institution. 7. That in the event that et the beginning of or at any time pending any suit upon this Mortgsge, or to foreclose it, a fo reform it, or fo enfo?ce payment of any claims he~eunder, said MORTGAGEE shall apply to the Court having jurisdtaion thereol iw the appointment of a Reteive~, such Co~i~t shail Forthwith appoint a receiver of said mortgaged property ail and sing~lar, inttud~ng aIl and singular the income profits, iuues and revenues from whatever source dr~;ved, eath and every of which, it bein9 expreuty understood, is he~eby mortgaged aa if specifically set fo?th and deWibed in the granting and habendum clauses hereof, and such Receive~ shall hsve all the boad a~d effective funct~ons and povrers in anyw~se entnrsted by a Court to a Receivei, and such appointment shalt be made by such Court as an admitted equity and a matte?_'of absofute right to said AAORTGAGEE, ~nd withoul refere~ce to the adequaty ot inadeqvaq of the value of the property mwtgaged w to the wlvency w insolvency of said MORTGAGOR or the defendants, and that such rents, profits, income, iuues and rcvenues shatl be applied by sucb Receiver according to the lien w equity o! said MORTGAGEE and the practice of such CouA. 8. To duly, prompHy and fully perform, dixharge, e~ecufe, effect, complete, comply with and abide by each and every ifK stipulations, agreements, conditans and covenants in said promissory note and this mortgage set forth_ 9. That in the event the ownership of the morfgaged premius, w any part thereof, becomes vested in a person other than the MORTGAGOR, the MORTGAGEE, its successors and auigns, may, w~thout ra?ice to the MORTGAOR, deal with such successor w succe:sa in intereat with reference to this mortgage and the debt hereby secared in the same manner as with Mortgagor without in any way vitiating or diuharging the Nbrtgagors' liability he~e- under w upo~ the debt he~eby secwed. No sale of the premises hereby mortgaged and ~o forbeararue on the part of tke MORTGAGEE or its sutcesson or assigns and no extension of the time for the payment of . the debt hereby secured given by the MORTGAGEE or its successon or assigns, a.tiall operate ro release; discharge, modify change or aifect the original tiability af the MORIGAGOR herein, either in whole or in part. 10. It is apecifically agreed that time is of the essence of this contract and that no waiver of any obligat~o~ hereunder w of the obligation se- cured hereby shall at any time thereafter be held to be a waiver of tFx terms hereof w of the instrument setured herby. 11. In add~tioa to the fuego:rx~ mon~hly payments of prinCpal and interest required by the prom~ssory note secured hereby, mortgagor covenants ~ and agrees to pay to mo:tgagee v~,ith each monthly payr,~ent an addirional sum estimated by mortgagee to be equal to 1/12 of the annual cost of the follow- ing: A-All reat property taxes levied or assessed agai~st thc above described real estate. B-Pre+niums on fire and windstorm insurance as herein requ~red to be carried on tf?e improvements situate on the above described premises. C-Premiums on such mortgage guarartty insurarce as mortgagee sha11 from teme to time deem fit to carry on the loa~ secured hereby. ~ Mlo~tgagee shall from time to time notify rtwrtgagor in writing of the arnount due and payable hereunder and suth sum shall there~po~ be due and ~ayable on the due date of the next rtwnthly paymenf and each successive month thereaiter ur,til rtwrtgagee shall notify mortgagw of a change in s~=h amoum. Such sums shait be appfied by mortgagee toward the payment of real propcrry taxes, inwrance prem:ums, and mortgage gua~anty insurance _ p~emiums. , IN Y1ITNESS WHEREOF, the said RTGAGOR has hereunto xt his hand and seal the day .a ear first afwesaid. aled and de " ered i~ t esence of: ~ s~O~.~E °cauun ~ . . , ROCER aOfTRAg D vid A. Fechner a s3.ngle a~lt CIEAK Ct~CUtT C011RT q REC~Rp Yf+?!FtEp ~Seaq ; SiAFE OF F ORIDA ~ t+A ~ ' ~nt I] Il I~PM'11 _2~ ~ I COUNTY OF St. Lucie ~ ! s~r«~ ~ per~onatly appeared David A. Fechner~ a single adult ~ ~11A~ I j the individ~a desuibed i~ and who execoted the for to me well known and known to me to be eyoing instrument, and scknowledged 6efore me that ~h~ executed tlx wme fw fhe purposes I 'r therein exprased. 4~tb~.wwi ~ upon a separsfe and private ~,~aw~insebR ~T n~ ~slir.+i~sep~~te ~eed-aperr ke?ir Aer ~ald~lMbsnd-tNe++ewkdglM~ib~anel~ brlt~n~fAs~ ~sl~tecetR!'ssldynSfnfenltR rttMy~•and 701OIr ~ ="t'b~'sks'lthP~~m=s'~@~~D+~-~+~*~*•-maeheny,- ,~~-iew~nf ~-+?anrhersa+wie~esnd. ~ WITNESS my FNnd and official seal thii 1~- day of I p, ~~~'f$~ : ~""3~ :..;ti . . ~ ~c . bt' : ~!t ~ ' -z : . ~ _ Nota Public in and for t S ate of F~dr • ~ My issian eapird: ~ . . - ; First Federal Savengsnd~~loan Assotiation ='~OYARY ?~1'3LJIC 3TATE f~Ff~lORIDA A~'v• R~ ` ' IGy EX?i~i: 3 2.~ji~~ . ; . - i Of Forf Pierce. .^-.cCtEfb.l ~ItiSUr~ANCE UN~CRHRI~ y` - ` Fort Pierte, ftorida ~ ; ' ~ ? ~;'v ~ ' ~~...:~•~~r ` + 3 . . , . ~ ~ ~ ~ ~ C L ~ ' This Instrument Prepared By : RiChBrd K. K~yes - ~ First Federal Savings b Loan Association ' ~ • of Fort Pierce , Rlorida 33450 ` Checked By ~ P~s~z~ ~ ~ ~ { _ _ ~ _ . _ 4 ~ - ~ s` ._.."-3 ~~T~~~3`m"~"d~Y_