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Home My WebLink About1140 To place and continuously keep on the bui!dings now o? hereafter iituete on s+id land and on all equipmenl and persona~~y covered by this ma sge, with all premiums 1he~eon pa~d in futl, f~re insurance in the usual standa~d potiq form, in s sum approved by ihe MOR(GAGEE, and windsto insurance in ths usual ~ianda~d pot;cy (am, in a sum approved by the MORTGAGEE, in such company or companics as the MORIGAGEE m direttp and all (i~e ar+d windetorm i+uurance polic+es on any of said build~ng~, ~ny i~lerest therein or part ~hereof, in the a99rega~e s~m ~foresaid in excess thereof, shall contain ~he usual siandard matgagee dause w such o~ha dause ai Ihe Mw~gagee may rcquue, making the loss undrr sa~d po cies, each and eve~y, payable ?o said MORTGAGEE as its interes~ may agpear, and eath and eve~y such po!icy shall be promptiy ass gned aod delivered ~ any held by said MORTGAGEE ~s further secu~ity to said matgage deb~, a~+d, not kes than ten (10) days i~ adva~xe of the expi~atlon of each policy, fo d. I~ver fo said MORTGAGEE a re~ewal thereof, togethfr with a receipt fo~ the premium of tuch renewal; and there shatl be no f~re or windsto~~n insuranc plsced on any of said build+'nga, sny i~~erest therein a part thereof, unless i~ ~ha form and wi~h ~he losa payabte as aforeuid; and in the eve~t any sun of money becorn~s payable under iuch policy w policias said MORiGAGEE ihall have the opt~on to receive and apply ~he same on sccount of the indebted ~eu secured hereby a to permit u~d MORiGAGORS ro receive and ust it o? ar+y pa?t thereof for osi~cr pur~oses, ~•rth~ut eh=+~ o~ wai~i•~3 c~ ~mpa~~ ing a~y equity, lien or righl unde~ w by virtue of this mo:tgage; ~nd in the evenl sstd MORTGAGpRS shall (w any reason fail to keep the said prem~srs so ins~red, a(ail ro delive. promptly any of said policics of insurance to said MORTGAGEE, w fail promp?iy Io pay IvSfy any pre:n~um therefot o. in any re~pect fail b pe.v(ar~ d;scharge, execute, effect, complete, comply wi~h and abide by this covenant, w any part hareof, said MORTGAGEE may place and pay fw such ins~~ance w sny par~ thercof without waiving w aifecting any option. lieo, equ~ty, or right undet a by vir~ue of this Mo~tgs9e, and ~he fult amovm of each and every such payment shall be immediately due and p~yable snd shall bear interest irom tha date thereof until paid at the rate ol nine per tentum per annum and to~ether with such interest ~hall be secured by the lien of this mortgage. To permit, commit or suifer no waste, impairment ~w deterioration of said property ot any part thereof. S. To pay all and si~gulsr the cwts, charges and expenses, ir+ciuding a reasonable anorney's fee and costt of abstrsds of titte, incur~ed o~ paid at any time by said MORTGRG:E, becavu or in the event of the faiiu~e o~ !he parf of ths said MORTGAGOR to duly, promplly snd fully perform, d~xharge, execute, effect, complete, comply w~th and ab:de by each and every the stipulations, agreements, conditions, and mvenants of said p~omiswry ~ore and this lna~gage any a either, and said costs, tharges and expenses, each and eve~y, shall be immediately due and payable; whether p not rF~ere be notice dr mand, sttempt to collect or suit pend~ng; aod the full amo~~t of each and every such paymem shalt bear imeres~ irom the date thereoi until paid al the ~a~e o! nine per centum per annu:n; arw all said costs, charges and expenses intvrred w paid, together w~th such interesL shall be secured by the lien of this mqtgM~O, b. That (a) in the event of any breach of this Mortgage or default on the part of the MORTGAGOR, or jb) i~ the eve+~t any of satd sums of mo~ey herein referred, to be not promptly and i~rlly paid w;thin thi~ty (3p) days next after the same uveraity become due and payable, without demant( or notice, or (c) in the event each arxl every the stipvlatiau, agreements, cond"+tions and covenants ot sa:d promissory note and th~s mortgage any a either are nol ~uly, promptly and iully pe~formed, d~xharged, executed, effected, completed, compiied with and abided 5y, then in either w any such eveM the said ag gregate wm mentioned in said promisswy noee then remaining unpaid, with intaes~ accrued, and all moneys secured hereby, shall become due and pay- able forthwith, or thereafter, at the oprion oi aaid MORTGAGEE, as fuily and cornple~eiy as if aIl of the said sums of money were o~iginatly st~pulated ro be paid on such day, anything in sa:d promiuory note or in thia Matgage to the contrary notwi~hstanding; and the~eupon or thereafter at the optfon of sa~d MORTGAGEE, wirhout rtonce w demand, suit at !aw a in equity, there?ore a thereafter begun, may be prosecuted as if all moneys secured hereby had matured pnw to its institution. 7. Thaf in fhe evmt ~hat at the beginn~ng of or at any time pending any suit upon this Mortgage, or to faeclose it, or to refum i1, or fo enfwce payment of any claims hereunder, said MORT6AGE~ shatl app~y ro the Cou.t having jurFsd~ction thereo! fw the appo;ntment of a Receiver, such Co~rrt shafl Forehwith appoint a receiver of said mortgaged property all and singula?, incl~d~ng all and singular the income, prof~ts, iuues and revenves irom whatever source derived, each and every of which, it being expressly understood, is hereby mortgaged as if spec~licatly set forth and dewibed in the granting a+x! habendum tlauses hereof, and such Receive? shall have all the broad and effective funcf~ons and powers in anywise entrusted by a Court to a Receive~, and :uch appointment shall be made by such Court as an admitted equity and a matter of absolute right to said MqRTGAGEE, and without refererxe to the adequaq a inadequacy ol the value of the property mwtgaged or to the so~vency or insolvency of said MORTGAGOR o~ the defendams, anJ ~hat such renrs, profits, income, iuues and revenues shall be applied by such Receiver accordmg to the lien w equity of said MORTGAGEE and the practice of such CouA. 8. To duly, promptly and futly perform, discharge, execute, effect, complete, comply wifh and abide by each and erery 1he stipulations, agreements, conditrons and covenants i~ sa~d promissay note and th~s mortgage set fonh. 9_ That in the event the ownership of the mortgaged premixs, or any part thereof, becomes vested in a penpn other than the MORTGAGOR, the MORTGAGEE, its succeuws and assigns, may, without no~;ce to the MORTGAOR, deal with such succeuw w successor in interesr with reference to this morrgage and the debt hereby secur~ in the same man~er as wi~h Mortgago~ without in any way vifiating w d~uhargirg the Mortgagors' Iiability hert under a upon the debi hereby secured. No sale of the Frem~ses hereby mortgaged and no forbearance on the part of ~he MORTGAGEE w its successors or assigns and no extension of the rime fw the payment of the debt hereby secured given by the MORTGAGEE or its suctessws w assigns, aiwll operate ro rclease, d~scharge, modify change or affect the orig~nal liabit~ty of the AM1ORTGAGOR herein, eithe~ in whole or in part. ~ 10. It is specificalty agreed that time is of the esunce of this contrxt and that no waiver of any obligation hereunder or of the obligaYwn se- cured hereby shal( at any time thereafter be hetd ro be a waiver of the terms htreof w of the instrument secured herby, 11. In add~tio:r to fhe forego'~x~ monthly paymenrs of princ'pa! and interest requ;red by the prom;ssory note secured hereby, mortgagor covenants and agrees to pay to mo:tga9ee v.~th each monthfy payrnent an add~rional sum esrimated by mortgagee to be equal to 1;' 12 of the annual cost of the follow- ir~: A-All real property taars Ievied or assessed agai~st tFr_ above described real estate. B-Premiums on fire and w~ndstorm insurar.ce as herein requ~red to be carried on the improveme~ts situate on the above d~stribed premises. C-Premiums on suth mortgage guaranty insurance as mortgagee shail from t~me to time deem fit to carry on the ban secur~ hereby. lNortgagee shall f.om time to t~me notify mortgagor in writing of the amount due and payable hereundrr and such s~m sha(1 thereupon be due and ~ ayabte an the due dare of the ne,ct month!y payment and each successive month thereait~r ur.til mortgagee shall notify mortgagor of a change in such a~nount. Such sums sF.ail be applied by mo~tgagee toward the payment of real property taxes, insurance prem:vms, and mortgage guaranty insurance p~emiums. ~WITNESS WHEREOF, the sa'rd MORTGAGOR has hereunto set his hand and seal the day a `first afor id. , Sealed and de ' r in the presence of: 1 Sesh ' V J Sea4 (Seaq Judy , Jo s ~s~an STATE OF FIORIDA ~ couNr~r oF St Luci e 1 Befwe me personaUy appeared Virgil Johns s~ , _ .lL1dy A, .TOZ1A8 his wife, to me well known and known to me to be the ~ndividuals described in and who executed the fwegoing instrument, and ackrwwledged befwe me 1Mt they executed the sartwe fw ihe purposes therein eapreued- And the said Judv A• .~O~1TlS w~ie of the aaid V2z911 .1023AS I a ate ttd ~wte examinat~on b me taken se pa ~r ~ y parate and a rt from her sa~d husband, acknowledged ro and befwe me that :he executed,Y~~ irW~unfeM fc~et~ anc~ volun- rarily and without sny compulsion, constraint, apprehension, or fear of or from her said husband. " . / 7 LL WITNESS my hand and official seal tbis /o[~T1~_ day of ~ " " ' 72 .a-.fl. ~9 , . Notary Public in and for fhe St~qof i~ d:t~r~e Retum To: My Commissan expirea: _ ~l . 1 . , ' V First Federsl Savings 3 loan Associat~on NOTARY PU :,S?A~ d R~IRA E Of Fort P~erce. MY COYMI~~ RES, ~J1~ , 1975 Fort Pierce. Florida ~M~~ ~~~~~~G'~~ ! j ftlEO ANO RECORDE~ This Instrument Prepared By: John W. Collins ST.IUCIE COUNTY f~A, ~ ROCER POlTRAS ~ First Federal Savings 8 Loan Association CIERK Ci~'CUIT COURT ~ of Fort Pierc~~ Florida 33i50 ~ECQRO VEP.sfIEO_~.~~ Checked 8y y~ ~ S 2 49 PM ~7~ i t00R1LV~ PACEI~~O 516 i " i ~ `-i r '.^9 ,T:~.v." _ - - -