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Home My WebLink About0555 3. To plac~ and continuously keep on tM bui!dings now or hereafte~ siWate on sa~d I~nd and on all equipmenl and perwnally covered by thii ma +9~, with dl premiumi theroon pa~d in ful1, li~e insu~ance In the usual srandard policy form, i~ • sum approved by ~he MOR(GAGEE, and w~ndsto insuranc~ in tM usual standard pol~q iwm, in • sum approved by the MORTGAGEE, in ~uch company w canpanies as tM MORTGAGEE m direcl; and all fir~ and w~ndstorm in}ura~ce poficiei on any of said bvild~np~. ~ny iruersit therein or part thercof, in 1he ~gyreya~e i~m ~toresaid In exceu thereof, thall contain Ihe utval siandard mortgagoe clause or such o~her cl~uss as tF» Mo.~yagee may reqva~, maki~p ~he lou unda sa~d po cies, each and every, payable to ~aid MORTGAGEE as iq interest may ~ppear, a~d each and eve~y i~ch policy shalt bs promptly ass ~ncd and delivered ~ •ny held by said MORTGAGEE as fuithe~'seturity to uid mo+tgage dcbf, and, not Icss ~han ten (10) days in advanca. of Ihe expir~tion of each policy, to d~ live~ to seid MORTGAGEE a renewal ~hereof, ~ogether wi~h a reteipt fw the premium o( s~?ch renewal; and Ihe~e shall be no fire or windstorm i~surant placed on ~ny of said buildings, ~~y interest therei~ or part thereof, ~n~ess tn ths fwm snd wifh the lou payable as aforesaid; and in 1M event any sun of money becomes payable under such policy or polrcius said MORTGAGEE shall have tIM Op1iOn /0 rKe~v! and apply the same on ~ccovni of the indsbted ntss ~etu~ed hereby or to plrmit said MORTGAGORS to reteive and us! it p any part thereof for otiicr purposes, w;~hout th:rib~ waivi.~g or ~mpai~ ing any eQuity, lien a?ight under o~ by virtue of this mo:tgsge; ~nd in ~he ~vcnt w~d MORTGAGORS shall tw any reason fail to kcsp the ssid premiies so ins~~ed, or fail to deliver promptly sny of iaid polKies of insurante to said iNORTGAGEE, or fail promptly lo pay fully ~ny premium therefor w in a~y reipect fail to pertam, diuharge, exec~te, effcct, complete, comply wi~h and abide by fh;s covenan~, w any part hereof, said MORTGAGEE may place and paY tor s~th insurancs or any p~rt thertof without waiving w affettinp any optio~. lien, equity, or rigM under w by virtw of this Mort~age, ~nd tht Eull ~mount of cach ar+d every svch p~yment shall be imrtKdiately dw and payable and shatl bcar intere~r f~om ths dats thereof uroil paid at the ~ate ol nine pe~ tenWm psr annum and to~etF~er with such inte~est shall be secured by tht lien of lhis mortgsge. 4. To permit, commit w suffer no w~sro, impairme~t w deteriwaYwn of iaid property w any part the~eof. 5. To pay all and singulu the costs, cMrges and expenses, including a reasonable +ttaney's fee aod tosts of abatrscts of title, incurred a psid at any time by said MpRTGAGEE, becavse w in ~he evenf of the faiiure on the part of the said MORIGAGOR ro duly, promptly snd fully perform, dixharge, executs, effecr, complete comply with and ab:de by each and every the stipulations, agreements, conditions, and covenants of said promiuory note and this mortgape ~ny a either, and sa~d cosb, chargei and expenses. cach and every. shall be immediately due and payabte: whether or ~ot the~e be norice dr mar?d, sttempt to eotlect or wit pendinq; and the full amovnt of each snd every s~ch payment :hall bear interest f~om the date thereof ~~til paid at the rate oi nir~e per tentum per annum; and all said tosts, charges a~d expe~ses irKVrred or paid, together w~th suth interesl, shal) be setured by the lien of this mortgage. Q That (a) in the eve~t of a~y Meach of fhis Mortgage a defaul! on fhe part of thc MORTGAGOR, w(b) in the event ~ny of sa~d turrq of money herein ~eferred to be not promptly and fvlly paid within thuty (30) days next after the same severatly become due snd ~tayable, withou~ demand or nolice, or (c) in the evem each and every the stipulations, agrerments, conditions and covenants oF sa;d promissory note and th~s mo.tpsye any w e~tl,er are na iuly, p~ornptly and fully performed, d+xharged, executed, effected, completed, complied wi~h and ab~ded Sy, then in eitlxr or any such ev~nt the said ag gregate svm mentaned i~ said {xomissory note tFxn remaining unpaid, with iNerest accrued, and all moneys secured he~eby, shatt become due a~d pay~ sble fwti~with, or thereafter, at the option of sa~d MORTCaAGEE, as fully aid completety as if all of the said sums oi mo~ey were aginally stipufated to be paid on such day, anylhing in sa:d prom~ssory note or in this Mortgage ro the contrary ~otwithstanding; and thereupw? w thereafte~ the op~ion of said MORTGAGEE, without notice or demand, suit at law w in eqvity, therefwe p thereafte~ begun, may be prosecWed as it all montys secured hereby had maturcd pnor to its i~stitution. 7. That in the event that at the beginning of w at any time pcnding a~y suit upon this Mortgage, or to foreclose it, a to refwm it, or fo enforce paymrnl of sny claims he.eunder, said MORTGAGEE shall apply to the Court having jurisd~ction thereof for rhe appointment of a Receiver, auch Car?t shall Forrhwith appoint a reteiver of said m«tgaged ~xoperty all and singular, inclvd~ng all and singular the income, profits, issues and revenues from whatever sovrce derived, exh and every of which, it being expressly understood, is hereby mortgaged as if spec;fically xt forth and described in the 9ranting and habendum cfauses hereof, and such Receiver shall have a!1 the brosd and effettive tuntnons and powers in anywise emrusted by a Court to a Receiver, and such appointment shall be made by such Court as an admittrd equity and a matter of absolute righ~ to said 1NORTGAGEE. ~nd without reference to the ndequxy a irwdequacy of the value of the property mortgaged or to the sohrency w insolvency of said MORiGAGOR p the defendants, and that such renrs, profin, incwnc, iuves and revenues shall be applied by such Receiver according to the lien ~ equity of said MORTGAGEE and 1he practice of such Covrf. 8. To duly, promptly and fully per(orm, discharge, execute, effect, complete, comply with and abide by each and every the sfipulations, agreements, conditans and covenants ~n sa~d p?om;ssory note and this mortgage set fwth_ 9. That in tF~e eveni the ownership of the mortgaged premises, or any pstt thereof, becomes vested in a person other lhae the MORTGAGpR, the MORTGAGEE, its successors and assigns, may, without notice to the M.ORTGAOR, deal with such successw or svccessor in interest with refaence to this mortgage and the debt hereby secured i~ the same manner as with Morfgago~ without in any way vitiating or discharging the Mortgagon' liability here- under or upon the debt F~ereby secured. No sale of the Fremises hereby mortgaged and ~o fo~bea~ance on the psrt of the MORTGACaEE w its successors or auig~ and no extension of the time fw the psymem of the debt hereby secured given by the MORTGAGfE or its svccessors a auigns, s0u11 optrate to release, d;stharge, modify change w affect the orginal liab~l~ty of the AhORTGAGOR here+n, either in whole or in part. 10. It is specifically agreed that time is of the essence of this contract and that no waiver of any obliga~an hereunder or of the obligatan se- cured F~eby shall at any time thereafter be held to be a waiver of the terms hereof w of the instrument secured herby. 11, In add~tion to the forego:ng monthly payments of p:inc'pat and interest required by the promissory note setured hereby, mortgagor covenants and agrees to pay to mo:tgagee with each monrhly payrnent an add~~ional sum estimared by .~e.?g~ee to be equal to 1 i 12 of the annual cost of the follow- ing: A-All real prciperty fa:es levied a assessed against the above described ~eal estate. B-Premiums on fire and windstorm insurance as herein requ~red to be carried on tbe improvements situate on the above described premises. C-Premiums on such mortgage guaranty ir.surance as mortgagee shall from time to time deem fit to carry o~ the ban secured hereby. Nbrtgagee shaft from time to time notify mortgagor in writing of the amount due and payable hereunder and such sum shall thereupon be d~e and Fayable on the due oate of the next month!y payment and each successive month thereafter urti! mortgagee sha!! ratify mortgagor of a change in such amount_ Such sums sF.all be applied by mwtgagee toward the payment of real property ta~ces, insurante prem:ums, and mortgage guaranty insurance p~emiums. IN WITNESS WHEREOF, the said MORTGAGOR has hereunto set his hand and seal fhe day and year first sfwesaid. Signed, Sealed and delivered in the pre nce of: 4`~Yt (Seaq • TR~@8V9 s~an " (Sesp J" dith S. Wesv+er ,~,n STATE OF fLORIDA ~ couNrr of St. Lucie ~ 'j Before me penonally a~ ared - R}lOl1I~ TA~@8V82' a~ I J11a7.t.~1 .5• ~89@1' his wife, tfl me well known and k~wn m rue to M u ~ the individuals desuibed in snd who executed the faegang instrumMt, and acknow{edged before me that they executed the same fa ti1~ ~ Judith S. Weaver _ ~ therei~ expressed. Md the sai . ' wife of the ssid ~1OI121Y li• ~II~@8V~I' ~ ° • r iv ~P,,, , ~ examination by me taken uparate and apar! from her said busbsnd, sclcnovrledged to and befo?e me that she executed said instrwn~ill, ~ taril and without an com Isicn, constraint, a - Y Y P~ pp?e w fear of or from her said F?usband. Q WITNESS my hand and official seal thi dsy - ' I~, p~9 ~ p ~r" ~ 2~:~ . G~ v . ~ ~ ; Notary Pu in e t t~t ` My ission e ~ Retwn To: ~ , ~~}~w.x.••' ~ - First Federsl Savings 3 Loan Associat~on . • J ' ~ •i ~ 0~ . Of Fort Pierce. _ . ~ _ /,J~~%!fl,'~!:~~~'i~~ Fort Pierce, Ftorida RECOR~E~ , ' fIlEO A~`~ . I St.lUC1E COUM?Y FU?• i AOCE~ F~~TR~S ~ ~ CIERK Ct*.CU?T ~OUR'f This Insirument Pre red B Richard K. K8 F FIE6 ~ na r 3?e~ECOao v~..: . First Federal Savings E~ Loan Association p t of Fort Pierce ~ Flol'id8 x~ ~ 3 301 H~~ Checked By n~~p~5 ~G~rv ~ BooK 202 ~~E 555 - ls