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Home My WebLink About0383 3. To piac~ and continuously keep on tM bui:dinps now o~ htreafttr sitwt~ on taid land and on all equiprtxnt u?d pt?sonally tovtred by this mo~ +p~, w;th all p~m~ums thereon pa~d in ivll. iire insurarice in ~M usu~l sta~dard policy torm, in a suir. ~pp~ovod by ~he MORTGAGEE, a~d windsto insuranc~ i~ tM usual i~andud pol~cy to~m, i~ • sum approved by tM MORTGAGEE, tn iuth company w companiq u?Iw MORTGAGEE m dHect= ~nd ~II fir~ ~nd wtndstorm insurance policies on ~ny of iaid build~np~, ~ny f~te~eil therein o~ psrt thereof, i~ the ~yrcyat~ wm ~loresaid in excess ~herooi, ~hall ca+tain the ~swl standard matyaqs~ cisuaa o~ iuch o~her claus~ ~s IM Mo+tyagee may requu~, makinp iM loss under sa~d po cie~, each and tvery, payabl~ ro iaid MORTGAGEE +~s its interest may appear, and each ind every iuch poliq ~hail be promptly au:9ncd +~+d del~vered + •ny held by said MORTGAGEE ~s turther securiry to said matys~s debt, ~nd, not leu tM~ ten (10) days in advanc~ o( the expir~tion of cach policy, to d liwr fo said MORTGAGEE s r~newal thereof, topethK wilh a rateipl fw tM pr~mium of :~th renewalj and there sF~all be rw firs o~ windstorm iniuranc placed on any of uid bvildinq~. ~~y lnte~esl therein or part the~wf, ~nless i~ tl» torm and wi~h ~Fa loss payabt~ ~s afonsaidt +~d in IM event any sun of nwn~y pecanes payable ~nder such policy p policies said MORTGAGEE shall Mvs ~he optio~ ro receive and apply the s+me on account of the indebred n!u seturad hereby o? ro permit said 1{I{ORiGAGORS to receive and us~ Ft p any part thereof for othcr pwposes, witho~t th=reo~ waivi~y or m~pair inp ~ny eqv~ty, lien or rght under or by virtw of this mor!gage; +nd i~ th~ event t~~d MORTGAGORS shall fw any ~eason fail to keep the aid premises so insured, or fail to deliver promp~ty a~y of said policies of iniuranc~ to said MORTGAGEE, or fail promptly to pay fully any prem;vm therefw o~ in any respect fail w palwm, discha?ge, executs, effect, complete, comply with and ~bid~ by this covenant, o~ ~ny parl hereof, said MORTGAGEE m+y pl~ce and pay for such ir~wrance a ~ny part thcroof wi~hout w~ivinp w ~ffectl~p any option, li~n, p~ity. ar ~ight under or by virtw of this Mwt9age, and the full amovM of tath snd ~very svth payment shall be itevnediarely dve and payabk ~nd sh~ll bear interest irom ths date lherno( until paid at the rate of nins per cent~m par annum and together with such i~terest ihall bs secured by tht lien of this mat~age. 1. To permit, cwnmit or suffer no wasts, impa'ument a deterioration of said property w a~y paN thereoi. 5. To pay a!I ~nd sirgular the costs, tharqes u+d expenses, including • reason+We attwney i fee a~d costs oi abstracts of titte, incur.ed w paid st any time by said MORTGAG.E, becavse or in fhe event of ths failuro on the parl Of the aid MORTGAGOR to duly, prompNy a~d fully pe~form, d~schargs, execute, effecl, compkte, comply w~th a~d ab~de by each and every the stipulat~ons, sgreemrnts, conditions, and covenants oi said promissory note a~d thi~ mortg~e any w eiihe?. snd said costs. charges ~nd expenses. each and every, shaq be immediately due and payable; wFx~her w not there be norice de mand, anempt 1o colkd or wit pend~ng; and ths firll amount of each u?d every wch paymc~t shall bear interest from the date thereof u~til paid at ~he ~ ~;a at n:r.a ptr cer..c;:n prr s-::v^~; r~ a11 sa~d cosu, charges and expenses incurred or paid. together with ivch interest, shall be scc~red by 1he lien of thu mwty~ge. b. Ths! (a) in the went of any brexh of tfiis Mwtgaye or defwlt on tM part of the MORTGAGOR, w(b) i~ the event any of sa~d svms of money herein referred to be ~ot promptfy and f~tly paid within thirty (30) days neat after the same severally betome due and payable, withovt dema~d or notice. or in the event each +ind every the stipulatiorts, agreements, condirions and covenants of ss~d promiuory note and th~s mortgsge aoy a either ~re not iuly, prompNy and fully performed, d~scharged. execvted, effected. completed, complied with and abided by, then in e~the~ w ~ny such event the said ag - gregate wm mentioned in said promiuory note then remaining unp~id, with interest accrued, and a!1 money~ secured hereby, shall betome due a~d psy~ able forthwith, w thereafta, at the op~ion of aaid MORTGAGEE, as fvlly and completely as if all of ~he said sums of money were aigir?~Ily stipulatcd to be paid on svch day, anyfhing in sa;d promiuory note or in this Mortgage to the contrary notwithstanding; and thercupon w the~eafter et the option of said MORTGAGEE, without natica or demar~d, svit at lsw w in equity, therefwe a thereafter begun, may bt ~xosecuted as if all moneys secured heteby had matured prwr to its institWion. • 7. That in the event that at the beginning of or st a~y time pending any suit ~pon this Mortgage, or ro fwectose H, or to refwm it, a to enfwce paymcnr of sny ctaims hereunder, said MORTGAGEE shalt apply to the Coun havirg ju?~sd;ction thereof ior ~he appointment of ~ Receiver, such Co~rt shalt Forfhwith appoiot a receiver of said morfgaged prope?ty all and sing~lar, intlud~ng all a+~d singutar the income, profits, issues and revenues irom whatever source derived, eath and every of which, it being expressty underslood, is hereby mortgaged ss if specifically set forth and dew+bed "en the grsntiny snd haberwlum clauses he~eof, and such Receiver shall have all the broad snd effettive funct~ons and powen in anywiu entru:ted by ~a Court to a Receiver, and such appointment shall be made by such Cour1 as an admitted equity and a matte? of absolute right to said MORTGAGEE. and without referente to the adeqvacy or inadequacy of the value of the p~operty mortgaged w to the so~vency or insolrency of said N10RTGAGOR o~ the defendann, and that such renrs, profits, income, iuues and revenues shall be applied by such Receiver accwding to the lien or equity of said MORTGAGEE and the practice of s~ch CouR. 8. To duly, promptly and fully perfwm, discharge, execute, effecr, complete, comply w+th a~d abide by each and every the stipulatiau, sgreements, conditioiu and covensnts in said promissory note a~d this mortgage set fath. 9. That in the event the ow~enhip of the mortgaged premises, w any part thereof, becomes vested in a person other thsn the MORTGAGOR, the MORTGAGEE, its succeuwa and auigns, may, without nmice to the MORTGAOR, deat with such successor or wccessor in interest with reference to this mo~tgage and the debf hereby :etured in the same ma~ne? as with Mo~tgagor without in any way vitiating or dischuging tF~e AAwtgagors' liability here- under w vpon tl~e debt hereby secured. No sale of the prcmises hereby mortgaged and ao fo-bearance on Ihe part of the MORTGAGEE or its successws o~ auigns ar+d rxi extension of the time for the payment oi the debt heieby securcd given by tlk MORTGAGEE w iti successws w auigns, sfwll operate to release, d;xharge, modify thange w affect the wiginal liability of the MORTGAGOR FKrein, either in whole a in part, 10. It is specifically agreed that time is of the essence of this contract and tl?~t no waiver of sny obligation hereurxkr or of the obligaYw~ te- cured hereby shall at any time tF?ereafter be hefd to be e waiver of fhe terms hereol a of the instrumem secured herby. I 1. fn add~tion to the forego:ng monthly payments of prin~ pa! and interest required by the promissory no!e secured hereby, mortgagar tovenants and agrees to pay to mortgagee with each monthly payrnent an add~r'wnal sum estimated by mo:tgagee to be equal to 1/12 of the annual cost of the follow- ing: A-All real property taxes levied or assessed against the above described real esrate. B-Premiums on fi~e and windstorm insurar.ce as herein requ~red to be carried on the 7mp~oveme:+ts situate on the above desaibed premis~. C-Premiums on such mortgage guaranty ir.surante as r?wrtgagee shall from t~me to time deem fit to carry on the loan secured hereby. Nlwtgagee shail from time to time notify mortgagor in writing of the amount due and payable hereunder arNd such sum shall thereupon be due a.~d ~.ayabie on ttse due dase ef sh~ .~x! n±!+n~?+!y f?aymem and eacF? successive month thereafter urtil mortgagee shall notify mongagor of a change in such amount. Such sums shall be applied by mortgagee toward the payment of rea~ ~onrrty taxes. insurance p~em:ums, and matgage guaranty inwrance premiums. IN WITNfSS WHERfOF, the said MORTGAGOR has hereunto set F?is ha~d and seal the day and year first aforesaid. Sigaed, Sealed and delivere in the presence of: ~ ~ ~ ~ Mary ces Smith~ a sin~].e ~ilt ` ~4 ~s~,n , STATE Of FLORIDA ~ ~OUNTY OF - Sti. Id1C~B ~ e~rae ~~,~nY a~a.~a Mar~v l~ances S~nith. a si e adult ' ~1M'VC1h, to me well known and known ro me to be ' the individwl~ described in and who e:ecuted the fwegoirg instrvment, and acknowledged befwe me that ihe~ executed the same for the pwposes ~ therein expresMi~dlwi.~.~~~ ' ' ~w~i~.~itiM~,t~ , . I --«~wiwMi~w•;y+r~~~iw~~~e~~rwt~~vw~iR+~~ii*wrrwi~wi~ge~~sw~d~beio~~~rNwt~~i+e~wi~i ~tir~ ~ t. -~a~Jy+~d.wilYw~~w!?~~Mi~~~ww~+iwM~}ps~wwi~~~w?~~rfr~wl~w7wiiw~Mnir ; ;sL' ~ . . WITNESS my hsnd and official seal thi: _ daY ~ A. D. 1~ ' ~ ~ • i - ofary Public in for ate af Lat~j My Commiu' eapir ~v - Return To: - . i' _ ~ ~ Y~' ~ , First Feder~l Savings 3 Losn Associatioo ~ y - ~5 ~~~i~ti ~'•:....•••~y : ~ •I ~ p r Of Fort Pierce. ~ y~,, Ya ; Z . ~1~...:t, . . , . Fo~t P;e~ce, Flwida fIlEO AND RECOROEO • ~•'~~y , ST.luC1E CBUMTr fU. ' R4CER ~OITRAS ; CIERR CcR~U1T COUitT ~ 1 ~ RFC~RD VE~If1E0~ This lnstrument Prepared By Gazy F. E11t~rood First Federal Savings & Loan Association ~ ' of Fort Pierce ~ F10Md8 3 2~ PH ~Z i Checked BY 22899'7 ~ ooic20~ ~ ~ ~ ls