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Home My WebLink About0553 To place and cor~ti~uov~ly keep on the buildings ~ow a hereafta situate on said land and on ali equipment s~d per~aily cavered by fhis ma sge, with sll premiums ~hereon pa~d in ful1, f~re insv~ancs in ~he usuai s~andard pot~cy form, in a ium approved by IM MORTGAGEE, and winduo insur~nce in ~M usual ~tandard pol;cy fam, in a sum approved by the JNORiGAGEE, i~ such company or companies ai tM MOR~GAGEE m direct; and all tire and windstorm insurance policies on a~y o/ said build~nps, ~ny interest the+ein or part thereof, Ie the ygre~a~e tum afwetaid in t~ceu 1Aereoi, shall contain ths usual standard mortga9ee tlause a tuch otha ciauss as the Mwl9ages may reqvir~, makinp Ihs loas ur~da sa~d po ue~, Nch ~nd evcry, p+yable to said MORTGAGEE ai ~ts interes~ may appear, and each and every iuch potccy shatl ba promptly au:yned and delivered ~ •ny held by satd MORTGAGfE as further iecur+ty to ssid matgage debt, and, not ks~ than ten (101 days in adva~ce of ths expiration of each policy, to d~ livs~ to iaid MORiGAGEE a rarxwal therrof, 1ose~he~ with a rete~pt (w Ihtr premi~m of suth renewal; and there shall be no f~re or wi~xla~orm inturanc pl~ced on ~ny of iaid buiidinps, ~ny interesl therei~ or pa~t thercof, unlesa in th~ fwm and with !hs lou payabl~ as afwesaid; and in the event any sun of money lxcqnes payable ~nder iuch policy a poGcie~ uid MORTGAGEE shnll Mve the opt~on to receive and apply the iame on accoun~ 01 the indebted neu secured hereby w to permit said MORTGAGORS 1o receive and use it a any pa~1 thereof (or other purposes, .virfw~t thareb~ waivi~tg o. ,mpair ing any equiry, lier? p ~igh! under a by vi~tue ot ihis mo:!gsge; ~nd in Ihs evenl w~d MORTGAGORS shall for any reason fail ro keep the said preiri~ses w insured, o? iail b deliver promptly any of said policies of irtsunnce to said MORTGAGEE, w fail promptly to pay fufly a~y premium therefw a in any respect fail ro pafwm, discharge, e:ecute, effect, complere, compfy with and abide by this tovenan~, w any pa.t I~ereof, said MORTGAGEE may pl~ce and pay fw such insu~ance or ~oy put thereof without waiv;ng a affecting any option, lie~, equity, or right under a by virtw of this Mortgage, ~nd the full amoun~ of each and ewry such payment ahall be immediately due and pay~ble and shafl bear interes~ irom the dare thereof until paid at fhe ~ate ol nine pe~ centum per annum and toge~her with such interes~ shali be secured by the 1'~en of this mwtgage. 1. To permiL commit w suffm no waste, impairmcM p deterioration of said properly or any part thereof. 5. To pay all ar+d tingulu the costs, charges and expenses, includ~.~g a rcaso~able sttorney's fee and costs of sbstracts of title, incurred o~ psid at any time by sa7d MORTGAGEE, because or i~ the eve~t of the failwe on the pan of the ssid MORTGAGOR ro dufy, promptly and fvlly perfwm, dixharge execute effect, complete, compty w~th ar~d ab:de by each and evcry the stipulat~ons, ag~eements, conditions, snd covenann of said promi:sory r?ote ~r~d this morty~e any or ei~lxr, snd sa~d costs, charges and expenses, each and every, ihatl be immedia~ely due and payabte; whe~hc~ a not tl?ere be no~ice dr mand, attempt to totlecf pr suif pendingj and the fvll artwunt of each and every svcA paymeM shall bear intereat from the date thareol until p~id ~t the rafe oi nlne per centum per a~num; aM! all said costs, charges and expenxs incurred or paid, together w~th such imerest, shall be secured by the lien of thN mortgage. 6. 1'hat (a) in the event of any breach of this Mwtgage w default on the pa~t of the MORTGAGOR, or (b) in the event ~ny of said sums of money herein referred to be not promptly and fully paid within thirty (30) days nex~ after the same severally become due and payable, wilhout demand w notice. or in the eveM each and every tbe stipulations, agreemeots, conditions and covenaMS of sa~d promissory note and th~s mwtgage any o~ eithcr a~e not ~uly, prompNy a~d fully perfwmed, d;scharged, executed. effeaed, compkted, complicd with and abided ~iy, then in either or any such event Ihe said ag gregate wm meotioned in said promissory nate then r~vnaining unpaid, with interest accrued, and all moneys setured hereby, shall become dve ~nd pap able fwthwith, or thereafrer, at the optian of said MOR7GAGEE, as fv!!y and tompktely as if all of ~he said sums of money were aginally stipulated to be paid on s~ch day, anything in said promisso?y note a in this Mortgage to the contrary notwithstanding; a~d thereupon or lhereafttY at the opiio~ of said MORTGAGEE, without ootice or demand, suit at law or in equity, there(ore or thereafter begun, may be prosecuted as if all rtw~eys secured F~aeby had matwcd pnw ro its institution. 7. lhat in fhe event ~hat at the beginnirg of w at any time pe~di~g any suit upon this Mortgsge, w to foreclose it, o? fo reform it, or fo enforce paymem of a~y claims h~vevnder, said MORTGAGE'c sha~l apply to the Court having jur~sdKrion thereof fw the appo~ntme~t of a Receiva, such Court shall forrhwith appoint a reteiver of said matgaged property all and singular, irxlud~og aIl and singular the inmme, profits, issues and revenues from whatever source derived, each and every of which, it being expreuly untl~rs?ood, is hereby mortgaged as if specifically xt fwth and destribed in the g~anting and hatxndum clauses hereof, and such Receiver shall Mve aU the broad and effecrive funct~ons and powcrs in anywiu entrusted br ~ Court ro a Receiver, and :uch appointment shall be made by s~ch Covrt as an admitted equity and a mattet of absolute right ro said MORTGAGEE, and witFwut refere~ce to the sdequacy a inad~quaty of the valve of the property mortgaged or to the whenty or insolventy of said MORiGAGOR w the defendanri, and that such renrs, profin, incane, iuves and ?evenues s1w11 be applied by such Receiver according to the lien or equity of said MORTGAGEE and the practice of such Court. S_ to duly, promptly and fully perform, dixl+arge, execute, effed, complete, comply with and ab'~de by each aod eve?y the stipulatior?s, agreements, conditions and covenanrs in said promissoiy note and this mwtgage sef fath. 9. That in the evenf the ownership of the mortgaged premixs, a any part thereof, becomes vested in a pe?ion othcr fhan the MORTGAGOR, the MORTGAGEE, its successo?s and assigns, may, without notice to the MORTGAOR, deal with such successw or successw in interest with refere~ce fo this mortgage and the debt hereby secured i~ the ssme manner as with Mortgagor without in any way vitiating or discFwrgirg the Mortgsgors' liability herr vnder w upon the debt hereby secured. No sale of ~he Fremises hereby mortgaged and no forbearance on ~he part of the ?dORiGAGEE or its successors or auigm and no extension of the time fo~ Ihe payment of the debt hereby setured given by the MORiGAGEE or its sutcessors o? assigns, shall bperate ro release, discharge, modify change or affect the original liability of the MORTGAGOR herein, eitFx~ in whole w io part. 10. H is specifically agreed that time is of the euence of this contract and that no waiver of any obligatio~ hereunder w of the obligation se- cured hereby shall at any time tF~ereafter be held to be a waiver of the terms hereof or of the instrument set~red herby. 11. In add~tion to fhe forego:ng monthly paymants of prin~ pal and interest required by tF~e promissory note secured I~ereby, morfgagor covenants and agrees to pay to mo:tgagee with each mo~thty payrnent an add~rional sum est~mated by mortgagee to be equal to 1/12 of the annual cost of the follow- ing: A-All real property taxes (evied or assessed against the above desc~ibed real estate. B-premiums on fire and windstorm insurance as herein requ~red to be carried on the improvemeats s+tuafe on the above described premises. C-Piemiums on such matgage guaranty insurar~ce as mo~tgsgee shall from t~me to time deem fit to carry on the losn secured hereby. Mo?tgagee shall from time to time notify mo~tgagor in writing of the amount due and payabfe hereunder and such sum shall there~pon be due end Fayable on the due date of the next monthly payment and eath successive month thereafte~ urtil mortgagee shall notify morfgagor ot a charge in such amounf. Such sums sF.afl be applied by mortgagee toward the paymeM of real property taxes, i~surance prem:ums, and mortgage guaranty insurance p~emiums. IN WITNESS WHEREOF, the said MORTGAGOR has hereunto ut his hand artd seal ihe day and year first aforesaid. Signed, Sealed and dSliYcred i~'the p?ese^~ of: ' l 1 - ~ ~Q~~ iI tc.s~ ~ ard L. Starn ~ . _ !t' sea~ - Grace E. Starnes ~ S7ATE OF FLORIDA ' ~ couNttr of St. Lucie # f Before me penonady appeared Edward L, Starnes ' l~Yare R' S~~rl'~~S - his wife, to me well known and known to me to bs j the individwls described in snd who executed the fwegoing instrwnent, and ackrwM,ledged befwe me that they executcd the same for th~ pwposes therein ex~.~d. n„a ,r~ ~;a Graee E. Starnes ~ ' „ ~ w~fe of the ~~d Eda?ard L. Starnes i uPon ~ ' G examinatio~ by me taken separate and apart from her said Fwsband, sck~wwledged to snd befp me thaf she executed ssid insl _ ~ • : • - ra~ily and without any compulsion, constraint, sppre~si~n, ot fesr of or from her said busbaodi ~ti .~d~ f WITNESS my hand and official seal thi~ day of r t ik ~'19~: ~ 1, ' • Not~ry Public in a~d for t S t~ ~c- sf 4f i:,,: ' Retum 70: I~JTARY P 3L~ S~~~.. ~ FL .^iDll~T, ~;,~~t ~ fint federal Savings a loan Association 1~`,Y C~t+~M:' ~ ~ . r.. r Of Fort P;erce. CsEt`lE4ALfi• ~1_iL .~~..laL~, Fort ?ierce, Flw~da ~ '~~~~~~t"'` ' i ~ a. 7J I ~ This Instrument Prepared 8y % J. H, Roberts~ Jt. R~p040E~ First Federal Savings & Loan Association f~~`~ E ~OU jR~S~ C of Fort Pierce ~ Florida 33450 S~~ AO~E ~~y~~ C~~Rt Checked B REC~ ~ ~EQ~F1E~ 9 3 ~e~ 4 ~ R ~ N~ 22~~- ` aoax ~02 PAC~ 5~3 ~ ~ ~