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Home My WebLink About0695 3. To plac~ ~nd continuousty keep on the buifdinpi now a hereaha utwt~ on said t~nd ~nd on all equipm~nt aed p~noe~ily covNed by this mor +g~, with alt premiums thNeon pa~d in (ull, fire in~uranc~ in tM usu~l stardard policy form, in a tum ~pprowd by ~M MORiGAGEE, and windsto iniuranc~ in ~h~ uiwl s~anda.d pol;cy forrn, in • wm approv~d by tM MORTGAGEE, i~ ~uch company w compan;es ~s tFn MORTGAGEE m j di?edj and ~II f'u~ and wi~xhrorm insw+nu policiea oe~ a~y o( said bviWinas, ~ey inter~st tMr~in o~ piat thNSOf, !n tM ~pprepate sum afa~s+id ~ In ~xeeu thsreof, shall conuin the usval ~f~rxlard matpapt~ claus~ a such o~her clau~ ~s tht Mw~paps~ may reqv~r~. makinp tM Iws u~ ~s~d po ci~s. ~ach uid evNy. payabt~ ro said MORiGAGEE as it~ ioteral may app~u. and ~ach and ~very s~+ch policy ~hatl ba promptty ass:yoed and delivered ~ ~ sny heW by pid MORiGAGfE as furtF~s~ setv~ity to siid mwtgsp~ debt, and, ~ot t~a ~Mn t~n (10) days in advance of the ~xpiratw~ of e~ch policy, to d~ ' ` iiwr io ta;d ly?pRTGAGEE a~a+xwal thercof, toQetF?N with a raceiQt for tM pnmivm of t~ch r~new~1J ~r~d thK~ shall be no fae w windsto~m insur~nc pl~ud on ~ny of uid buiWinps. ~ny intertil thersin or ps~t the~eof, v~less i~ th~ farm and with tM loss payabl~ u afwei+id: u~d in th~ event any tue of maNy becan~s pay~bla under such policy o~ polKies uid MORTGAGEE ~hall h~w tM opta~ to race~ve and ~pply the ame on account of the indebted ~eu secured hereby w 1o perm:t ssid MORTGAGORS to receive ~nd ~s~ it or ~ny pa~f thereof fw other purposes, wirlqut th_web~ waivi~ig or ~mpair inq a~y sqviry, lien a right unde~ w by virrus of ~his mor:pager +~d in the event ~a~d MORTGAGORS shaq fw any reason fail to keep ~M taid premises so insu~ed, o~ fail b deliva ptomptly ~ny of said policies of insvr~nce to said MORTGAGEE, w fail promptly to pay fully ~ny premivm therefor p in any reipact fail fo perfwm, diuMrge, e~cecute, eff~ct, complete, oomply with and abide by this covenant, p~ny part hereof, said MORTGAGEE m~y pl~ce and paY ior such insu~a~+ce a u+y part thereof without waiving or ~ffectiny ~ny option, lien. aquity, o? ~ipht under a by vi~tw of this Mortgs~e, aod tl+e full ~enount of each and every such paymen~ sFwll be imned;ately dw and pyabl~ ~nd sF~aH beu interest from ths dat~ the~eof until paid at ~M ~ate ol n7ne pa csntum pe~ annum and together wi~A such interest shall be ucu~ed by tM li~n of tAia mort9~ge. 1. To permit, commit w wffer no wute, imp~irment o? detetiwation of s~id p?operty or any put thereof, j S. To pay atl and sinpula~ the costs, cha~pes ~nd expenses, inclvdirg a ressonabl~ ~ttwney i fee and costs of abstrsct: of titte, irKUr?ed a paid ~t ( a~Y time 4Y sa~d MORTGAGfE, becavse w in tl+e evero of the failure an the pan of tM ssid MORTGAGOR ro duly, promptly a~d fully peiform, dixharqe~ rxecuts, ~ffed, complete, comply with snd ab,de by each •nd eve.y r1+e s~~p~lations~ ~greements, condil'wra, and covena~b of said promissory note and this ~ matgape any a eithe~. snd sa~d costs, cM~ges and expenses. each aed ~very, sMll be immediately due and payable: whether w not there be notice da ~ marKf, attempt to coNec~ er s~it pend7ng; and the ful! amovnt of esch and every such payment shall bear interost from the d+te tFwreoi u~til paid at the ~ rare of nine per centum per ~n~ium; aod all said costs, ch~rgp and expenses incurred or paid, together with s~ch iroereit, shall bs securad by the lia? of tha f matyag~. 6. That (a) in the ~wnt of any brcach of this Mortgage w default on tM part of ths MORTGAGOR, w(b) in the event amr of said sums of money herein referred ro be not promptly and fully paid within thirty (3p) days ~ext after the same severally becoms due and payable, wi~hout demand a notice. or in the eve~t each ~nd every the stipulations, sgreemen», conditions and covenam: of sa~d promiuwy note and tA~s mort~ape any or eithe? are ~w1 <'uly, pram~rrly ars~ fu!!Y ~sforr::rd, d;uka~gsd. exe:eseed rffecred, campleted, compl~ed with and ab+ded by. then in e7ther a ~ny such evee?t the said ag gregate wm meotioned in said p?omissory note then remaininy u~paid. with interest acuued, and all moneys secured hetebY. sMll become dw ~rKi pay- abte forlhwitly p thereafte~, at the option of seid MORTGAGEE, at fvlly and compktely as if all of fhe said wms of money were origin~lly stipulated to be p+~d on suth day, anything in said promissory rate o? in this Mongage to the contwry notwithstanding; and the~eupon w theroafter at the option of sa~d MORTGAGEE, wirhout natice or demand, suit at law or in equ;ty, tfierefwe or thereafter begun, may be prwecuted as if all rnoneya aecwed hereby had marwcd p.wr to in institurion. 7. Thst in the eve~t that at the beginning of or at any time pending any suit upon ~I~ia Mwtgage, or to fweclose it, w to reform it, w to enfwp paymer~t of ~ny claims hereunder, said MORTGAGEE shall apply to the Coun havirg jurisdictan thereof fw the appointme~~t of a Receiver, s~ch Court shall forthwith appoint a receiver of said mortgaged prope?ty all and singula~, ir+cludmg all and singular the income, pro(its, issues snd revenues from whateve~ source de~ived, each and every of which, it being ex~essly understood, is he~eby matgsged as if spec~fically set fwth and described in tM 9ranting and habendum clauses hereof, and such Receiver shall have aU the broad and efFective funct~ons arx! povre~s irt anywise entrusted by ~ Co~n to "s Receiver, aod such appointment shall be made by sucA Court as an admitted equity a~d a matter of absolute right ro said MORTGAGEE„ and without referente to fhe adequacy or insdequacy of the value of the properry mortgaged or to the sonrency or insolvency of said MORiGAGOR or the defendanri, and that such renrs, profin, ir~come, ~uves and revenues shall be applied by such Receiver according to ~he lien or equiry of said MORTGAGEE and the p~actice of such Court. 8. To duly, promptly a~d fully perform, dscharge, execute, effect, comple~e, comply with ~nd abide by each snd every the stipulations, sgreemenq, conditions and covenanrs in said promissory rwte and this mwtgsge sef fath. 9. ?hst in the event tix ownership of the morigaged premises, or any psrt thereof, becomes vestsd in s penon other than the MORTGAGOR, the MORTGAGEE, its succeuon and assgns, may, withouf notice to fhe MORTGAOR, deal wifh svch successe~ or sutceuor in intmest with rcference to this mortgage and the debt hereby secured in the same manner as with Mortgagor withovt in any way vitiatiny or d;xhargir?g the Mortgagors' liability F~ere- under w upon the debt hereby secured. No sale of the premises hereby mwtgaged ar+d no fwbea.ance on the part oF the MORTGAGEE w iri suttesson or ass'egns and no e:te~sion of the time for the payment of the dcbt hereby sccured given by the MORTGAGEE or its avccesson or assigns, s7w11 operate to release, d;sc~rge, rradify change or affect the originsl liability of the MORTGAGOR herein, either in wlwk w in part, 10. It is specifically agreed that time is of the essence of this contract and that no waiver of any obligation herevntl~r or of the obligation se- cured F~ereby shall at any time thereafter be held to be a waiver of the terms hereof or of the instrumem secured herby. 11. In add~tion to the fwego:ng monthly payments of p~int:pal aod interest required by the promiuory npte secured hereby, mortgagor covenants and agrees to pay to mortgagee nith each monthty payment an add~~ional sum est7mated by mortgagee to be equai to 1/12 of the annuat cost of the follow- ing: A-All real property taxes levied or assessed against the above described real tstate. B-Premiums on ffre pnd windstorm insurance as herei~ requ~red to be carried o~ the imprcvemeats situate on tMe above described premises. C-Piemiums or~ suci~ mwfgage guaranty insurar~ce as mortgagee shall from time to time deem fit to carry on the loan secured hereby. Mortgagee shatl from time to time notify mortgagor in writing of tht amount due and payabte hereur?der and such wm shall ihereupon be due and Fayable on the due date of The next monthly payment and each s~ccessive month thereafte~ ur.tit mortgagee shaH ratify mortgagor of a charge in such amount. Such suma sFaU be applied by mortgagee toward 1he paymenf of real prpp~rty taxes, insurance prem:ums, and motigage guaranty insurante premiums. IN WITNESS WHEREOf, the wid MORTGAGpR has hereunto set his hand and seal the day and year irs fwesaid. i Signed, Sealed and delivere, ' the pr of: • . ~ Q H t Higg ~ ~ • Montine C. Higgs ; i STA7E OF FLORlDA ~ ~ St. Lu~cie COUNTY Of ' Befwe me personal(y sppeared H• Rutter HiaQS MOIIt1Tf~ C. ~1~S his wife, to me well known and ,f~~l~~N-bi rhe individwls described in ~nd who executed t!a foreqoirg instrument, and sdcnowtedged befwe me that they executed the - therein expressed. Md the sa~ Montine C• Higgs ~_y~;. ~t~'': ` ' H Rutter H1 s wife of the ssid ~'separat~ . Priv+N exam~nat~on b~ me take~ separote and apart from her said husl~snd, acknowledged to snd befwe me that she executed s~id ' t~~nf fre~ly vot~ iarily and w~tho~t ~ny compulsion, constraint, spprehensfi~ ~r feu of w from her taid Ysband. ± f~ • . s' . WITNESS my hand and official seal thi: N,~- ~ p{ ~''r • Y ~e " A ~ _ Not+ Pvblic in ar?d for t~~ jfloi af ' • y ~'~OF ORidR.~ I~`-~~ , ti NUTA First Federsl Saa ngs 3~loan /?isociation MY CnMAi:S~}t~`l EXPl.^.'~ I1lf.it. ~l 'T` • Of Fort P~erce. iitNERALIfd~UW:i~1CEUNDERWii1 ~~{Ri~i:~' Fort Pierte. Flpida ~ ~ • f1~E~C1E COUM~~~ This Instrument Rtepared By: l~ho. E. Br~?un ~'t' jtOGE~p~~ta p~ C First Federal Savings b Loan Association ~~EO ~EA~F f~p C , of Fort Pierce~ FloYida 3345Q RE~dR 54D~t't~ Checked By ~ ~ 1 ~ 2~,.96 800K ~O2 PAGE 69~ ~ ~