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Home My WebLink About0699 3. To place and contin~sly keep on ths buitdings now or Mn~it~r ~ituale o~ sa~d land snd on ~II equipmeM and personally covered by this mw ~y~, wtth ~II premiums 1he~con paid in (ull, fire insuronc~ in ths vsual atands~d policy fam, in a sum approvad by ~he MORTGAGEE, and windsto insu~ance in tM uswl sundard pol~q form, in ~ sum ~pproved by ~hs MORTGAGEE, in i~ch company w companies q th~ MORTGAGEE m d~rectj and ~II iir~ u~d windstorm.insuranc~ policiei on ~ny of said build~nps, ~ny tmer~~t the~etn or pan thereof, k~ tM ayp~tyate wm ~for~ssid in ~xceu the~sof, ~hall to~tain the uswl standsid mortgapae claus~ a such otMr clav~ as 1M Matyages may requir~. makinp tM lou unda said po cies, ~ach and ~very, payabl~ to s+id MORTGAGEE as i1s io~erest may ~ppe~r, ~nd each and avery tuch policy ~h~ll b~ promptly ~u:9ncd a~d deliv~red ~ any held by ~id MORfGAGEE ai funher security ro said mort9age debt, and, no1 leu lhan ten (10) days in advance of the expiritwn oF each policy, to d~ IivN ro said AAORTGAGEE • renewal tMrwf, togethK with a ~ecapt for tAe pr~mium of such renewal; and Ihere shall b~ no fire w winds~am inwranc pl~ced on a~y of said bvildirgs, ~ny inlere~t therein w part theroof, ~ntess in tM form and wi~h ths loss payabl~ as afo?taaid; and in th~ ewnt any ivn of nqney becpnes payab?e vnikr such policy or policies said MORTGAGEE iha11 haw tM optioe fo roceive and apply the iame on accouM o( the i~debted neu sec~red hereby e, ro permil said MORiGAGORS ro ~eceive and us~ it ot any part lhereof for oihcr purposes, wi~hout ih:+eb/ waiving or ~mpair tny any puity, lien w riphl uoder or by vi~tw oi this mo:tgape; and in tM ~veM said MORiGAGORS shall for sny reason fail to keep tM u~d prem~ics so in~u~ed, a fail b deliver promptly ~ny of said policies of insu~~ncs to s~id MORTGAGEE, w fail promptly to pay futly any premium therefa a in any respect fail b perform, dixharge, execvts, effed, complets, comply with and ~bide by this covenant, w any part hersof, sa3d MORTGAGEE may pl~oe and psY fw such Insurance or any part ther~of without w~ivi~g w affedirg ~ny option, li~n. puiry, w right unde~ w by virtw of Ihis MortysQe, ~nd the full amo~?m of each and ewry such payment ihall be ;mrnedistely dw and payable ~nd slull bear intere~t irom 1M date thereof v~til paid at ths rat~ of nine per cenwm pa. annum and ta~ether with such inte.eu il~alt bs secwed by the t;en of this mwtg+ye. 1. Io permlt, com,r~it a wffa no wute, Impairment w deterior~tion of said p?operty or ~ny psrt thereof. S. To pay ell and slrgulu tl+e costs, cha~yes and expe~?ses, including a ~easonable ~nw~ey i fee and costs of abstracts of title, incurred w paid at any time by said MORTGAGEE, becavse or in the ~vent of the failure on the pah of the s~d MORiGAGOR to duly, prompdy and fvlly perform, ditcha~q4 execute, effett, comptate, comply w~th a~d abtde by each snd svery ths stip~lstions, ayreeme~ts, conditions, and covenants oi said promissory note and this mortgage any w etthe~. a~d said costs, chu9es and expenses. each ~nd every. shsll be immediately due and payable; whether a Aot there be ~otice d~ mar+d, anempt to colkct or wit pend~ng; ~nd ths fult amount of each and eve~y such psyment ihall bear interest from the date tF?ereof vmil paid ~t the rate of nirro per centum per an~ium; ar?d all said costs, charges snd expens~ inttir~ed or paid, together with suth interest, shall be setured by the lien of thi~ mort~ag~. . 6. That (a) in the eva+1 of a~y bresch of this Mortgage or defauft on the part of the MORTGAGOR, o? (b) i~+ the event any of sa~d wmt of money hercin nfe~red to bs not promptly ~nd fully paid withi~ thirty (30) days next after the same severally become dus snd payabls, without demand o~ notice, or in the evcnt each and every the itipulations, agrecmenri. conditions and covenants of sa~d promiuory note and this mortgage any o~ either a~a no1 iuly, promptly and fully performed, discharged, executed, effected, completed, complied with and abided by, then in either w a~y such event ths ssid sg gregate wm mentaned in ssid promissory note theo remaininy unpsid, with i~te?est accrued, snd alt moneys setured hereby, shall become due aad pay- able fwthwith, a therea(ta, at the option of said MORTGAGEE, as ivHy and completety as if all of the said sums of moaey were wigin~lly stipulated ro bs paid on s~ch day, a~ything in said promiaswy r?ote w in this Mortgage ro the contrary notwithstanding; and thereupo~ or theresfter a~ the op~ion of said MORTGAGEE, withovt no~ice w demand, suit at law or in eq~iry, therefore w thHeafter beg~n, may be ~xosecvted u if afl ma~eys secvred hereby had marund pr~or ro in irurirurion. 7. Thst in ths event thst st the beginning of w at any time pending any wit vpoh ehis Mortgsge, or to foreclose it, or fo reform it, w to enforte payment of any claims hereunder, said MORTGAGEE shall apply to the Cour1 having jurisd~ction thereof for the appointment of s Receive~, such Co~rt ahall ~orinw~~~. :h.:,::.: ::~:,B.az ==e~ r-_= ;-~rr-r a!! a.sd :ir~aulsr, irxls~:m~ a!! ar~ sir±~vl~r th~ ;r,coms profita, iuues and revenues hom whatevcr wurce de?ived, each and every of which, it bcing expressly understood, is hercby mortgaged as if specifically set fwth ~r+d described in the yraAting and habendum clauses hereof, a~d s~ch Receiver shall have all the brosd ~ncJ effective f~nct~ons a~d powcn in anywise entrusted by ~ Court to a Receires, and such appoinrment shall be made by such Court as an admitted eq~ity and a mattcr of absdute r'~ght to ssid MORTGAGEE, and without refercnce to the edequacy or inadeqvacy of the value of the property mortgaged u to the soNency or in:olvency oF said MORTGAGOR or the defendanri, and that such rems, profits, intwne, iuties and revenves shal! be applied by suth Receive? xcording fo the lien a eqvity of said MORTGAGEE and the practice of suth Court, 8. To duly, pre~npHy and fully perfwm, diuharge, execute, effect, complete, tomply with and abide by each and every tl~e stipulations, ~greemeob, conditio~s snci covenams in said promissory no~e a.:d ihi3 rtsortgagr us ta:sh. 9. That in the event the ow~enhip of the mwtgaged ~emises, or any part thcreof, b~cwnes vested in a penon other than tha MORTGAGpR, the MORTGAGEE, iri successws and assigns, msy, without notice to the MORTGAOR, deal with such successor or successw in interest with reference to this mortgage and the debl hereby setured i~ the same manner as with Mortgaga without in any way vitiating or d~uharging the Matgagors' liability hers- under or upon the debt hereby secured. No sale of the premius hereby mortgaged and no forbearance on the part of the MORTGAGEE or its wccesson or auigns and ra extens'wn of the time for the paymem of the debt hereby secured given by the MORTGAGEE or its successws w assigns, shall operate ro release, distharge, modify change or affett the origina! leabitity of the NIORTGAGOR herein, either in wFwle or in part. 10, h is specifically agreed that time is of tF~e essence of this controct and that no waive? of sny obligation hereunder o? of the obligaYan se- cured hereby shall at any time thercafter be held to be a waiver of tha terms hereof a of the instrumeM setured herby. 11_ In add~tio~ to the fwego:ng monthly payments of princ'pal and interest required by the promissory note secured hereby, mortgagor covenants and agrees to pay ro mortgagee with eath monthly payr.~ent an addirions! sum est;mated by mortgagee to be equal to 1/12 of the annual cost of the follow- ing: A-All real properfy taxes kvied w assessed agai~st the above deuri5ed real estate. > B-Premiums on fi?e and windstorm insurance as here~n requ~red to be carried on the improveme~ts situate on the above desaibed premises. C-Premiums on such mortgage gvaranty insurarce as mortgager shall from t;me to time deem fit to carry on the ban secured hereby. Morlgagee shall from time to time notify mortgagor in writing of the amount due and payable hereunder and suth sum slwll thereupon be due and Fayable on the due date of the next monthly payment and each successive month thereafter ur.til mortgsgee shall notify mortgagot of s change in wch amount. Such sums_shall be applied by mortgagee toward the paymenf of real property ta:es, ins~rance prem:ums, and mortgage guaranty insurance p~emiums. _ IN WITNESS WHEREOf, the said MORTGAGQR has hereunto set his hand and seal the day and year first~6fwe id. Siyoed. Seated and delive~ed in the presence of: Eao Stevezis ~ , n 0 Lois A; Stevens ,~,n - STATE OF FLORIDA ~ St. Lucie couNn oF Before me penonally appeared E~OYy $t@V@11S a~ 1.015 A. S'teVe7'fS his wife, to me well known and krawn ~o lpt tp b~ the individwls described in and who exectrted the fote9any instrument. and acknpwledged before me that they executed the same foq~} i~p~e~ therein expressed. And the sai ~15 A• $tQVeI15 T~~ r.,{ ' wife of the s~id StEV~3lS ' . examinatan by me taken sepsrate and spart from her se;d husband. Ktcnowi ~P~~!'!iNyate w~ E, edyed to snd before ms that she executed said iru~re~t~~e~ty: .vqlynt'i~ rar~ly and wHhout any compulsan, constraint, sppre ~on, or feu of or from her said Fwsband. ~ Ma . . : ,c . ~ WITNESS my hsnd and official seal thi day of ' A~D. 19~ ~ . . _ _ :s. , , : Notary Public in and for tM 5 qf if ; My Commission txpires: ~jQ Y~'.~~, Retum Tw. ~ yr~-•sf-'. Fint Federal Savings a Loan Assotiation . ~ Of Fort Pierce. " t Fort Pierce, Ftwida f~LED A~0 RECORDEO ft,t,UC1E C011NTY FLA. C ROCEF rO~TRAS This Instrument Prepared 6y RiCha rd K. Kay~S ~~E~K ~aiF ED ~OURT First Federa! Savings b Loan Association " ttECOti~ YE of Fort Pierce , Florida Y~ ,O 3 S4 ~M~~Z Checked By~_ - 229198 ~~OIE ~SQ~i R~ICE . V~7 - . ~ a~~ - , -