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Home My WebLink About2066 3. To p~ace and continuously keep on ~he bu~•d~ngs ~ow or hereafter situate on said ~and and on all equipmeM snd persona~ly covered by lhis ma sg~, w~~h all premiums thercon pa~d in (ull, fire insurance in the u~ual standard pofity form, in • sum approved by ?he MORiGAGEE, ar.d windsto ~nsurance in the usua~ s?andard pol;cy fwm, in a sum approved by the MORTGAGEE, in such company or tompa~ies as the MORTGAGEE ~n d~~ed; and all iire and windstorm insu~ance pol~ues on any of said build~nyi, any interesl there~n o~ part thereof, in the agg~egate tum ~faesaid in eacess thereof, s1w11 c~+ntain the usual srandard mortgagee clause w such o~ha dause as the Matgagee may ~equ~rs, making ~he loss unde~ ia~d po c~es, eacF and eve~y, payabte ~o said MORTGAGEE as ils interrst may appea~, and eath and every such poticy ~hall be promptly ass.gned and delivered + eny held by said MORIGAGEE ss (u~iher seturity to said matgage debt, and, not less Ihan ten (101 days in advance of ~he exp~ration of each pol~cy, to d~ live~ to said MORTGAGEE a renewal thereof, together with a reteipt fw the premium of such renewal; and there shall be no fire or windstorm insuranc j placed on ~ny o1 sa~d build~ngs, any inte~est therein w parl thueof, untess in the form a~d with the loss payable as aforesaid; and in the event any sun of money becomes payable under such policy w pol~cies wid MORTGAGEE shall have the opt~on to receive and apply the same on acco~nt ol the i~debted ~ ness secured hereby or to perm~t said MORTGAGORS ro receive and use it or any pa~t ~he:eof for o~hr~ pwpases, w~~hout ~haf.u~ w.:ivi.i3 c~ u„puir ; ing a~y eqvity, lien o~ right under w by virtue of this mo:!gage; and in 1he event ssid MORTGAGORS shall fw any reason fail to keep the sa~d premises so ~ insured, w iail ~o deliver p+omptly any of said policies of i~surance to said MORTCaAGEE, w fail p+omptly to pay fully any pre~n~ur.: !4~e•atM M N+ a~v : respect fail ~o per(am, d~scharge, execute, effect, complete, comply wi~h and abide by this cove~ant, a any pa~t hereof, said MORTGAGEE may place a~~d ~ pay for such insurance or any part thereof without waivirg u aifetting any option, lien, equity, o? righl under w by virtue of this Mal9age, a~d t!x full amounl of each and every s:;:h payment shall be immediately due and payable and shall beai inte~est from the date thereof until paid at the rate o1 nine per centum per annum and togeth~:r with such interest shall be secured by the lier? ol this mort9age. To permif, commit or suffer no waste, impairmenf or deterioration of said property w any part the~eof. 5. To pay all and singular the costs, charges and expenses, including a reasonable attorney's fee and costs of abatracts ot title, incvrred w paid al any time by said MORTGAGEE, because or in the event of the failure on the part of the said MORTGAGOR to duly, promptly a~d fully perform, d~scharge. >xecute, ef(ect, complete, comp~y w~th and ab:de by each and every the stipulatwns, sgreements, conditions, and covenants of uid promissory note and this ~ mortgage any w ei~her, and sa~d costs, charges and expenses, each and every, shall be immediatefy dve and payable; wi?ether or not there be notice dr ~ mand, attempt to collect or suit pend~ng; and the full amount of each and erery such paymero shall bear interest irom the date thereot until paid at the ~ate oi nine Exr centum Fxr amwrn; anc' all said costs, charges and expenses inturred w paid, together w~th suth interest, shall be setured by the lien of thia mortgage. Q Thal (a) in the event of any breacn of th]s Mortgage o~ default on the part of the MORTGAGOR, or (b) in the event any of tatd sums of money herein referred to be not promptly and fully paid wi~hin Ihirty (30) days nex~ after Ihe same seve~ally beco~ie due and payable, withovt demand or notice. or (c) in thr event each and every the stiputations, agreements, conditions and covenants ot sa:d promissory note and th~s mor~gage any a either are not iuly, prompdy and fully perfwmed, d~scharged, executed, eifected, completed, complied with and abiderJ by, then in ei~F~ w any such eveM 1he said ag- ~ gregate sum mentioned in said promissory note thtn remaining unpaid, with interest accrued, and all moneys setured hereby, shall become due and pay- ' atile forthwith, or thereafter, at the option oi said MORTGAGEE, as fully and complete~y as i( all of the sa~d sums of money were ori9ioa~~y st~pulated ~ to be pa~d on suth day, anything in sa:d promissory note or in this JNortgage to the contrary notwithstanding; and thereupon w thereafter at the op~~on of said MORTGAGEE, witho~t notice or demared, suit at law w in equily, therefwe w thereafter begun, may be prosetuted as if all moneys secured hereby had matured pnor to its institution. 7. That in the event that at the begi~ning of or at any time pendirg any suit upon this Mwtgage, w to faeclose it, or to reform it, o? to enforce paymem of any ctaims hereunder, seid MORTGAGEE shatl apply to the Cour~ hav~ng jur~sd~cTion ~hereof for the appo~ntmenl of a Receiver, such Court shall forthwith appoint a receiver of said mwtgaged property all and sing~lar, inctud~ng aIl and singular fhe income, profits, issues and revenues from whatever seurce derived, each and every oi wh~cn, it be~n9 expressly understood, is hereby mortgaged as if speufically set fath and deuribed in the granting and habendum clauses hereof, and :uch Receive? shall have all the broad and e(fective funct~ons and powers in anywise entrusted by a Court to a Reteiver, and s. ch appointment shalt be made by such Court as an admitted equity and a matter oi a5solute right to said MORTGAGEE, and withoul teference to the edequacy w inadequacy of the value of the property mortgaged or to the sowe~+cy or insolvency of sa~d MORTGAGOR p the detendants, and that such renrs, profits, i~carn, issues and revenues shall be applied by such Receiver accord~ng to the I~en or equity of wid MORTGAGEE and the p~ac~ice of such Courf. 8. To du1y, promptly and fully perform, discharge, execute, effect, complete, comply with and abide by each and every the stipulations, agreements, conditions and covenants in sa~d promissory note and this mortgage set forth. 9. That in the event the ownership of tFw mortgaged premises, w any pa~t thereof, becomes vested in a perwn other than the MORTGAGOR, the htORTGAGEE, its successws and assigns, may, witho~t notice to the MORTGAOR, deal with such succeuw w successor in interesl with reEerence to this n,ortgage and the deb~ hereby secured in the same manner as with Mortgagor without in any way vitiating w dixharging the Mwtgagors' liabil~ty hero- under or upon the debt hereby secured. No sale of the Fremises hereby rtwrtgaged and no forbearance on the part of the MORiGAGEE or its successws or ass~g~+s and no extension of the time for the payment of the debt hereby secured given by the MORTGAGEE or its successo?s or auigns, aiwll operate ro release, d~scharge, modify change or affect the orig~na{ liab~lity of the MORTGAGOR herein, either in whole or in part. 10. It is speufically ag~eed that time is of the essence of this contract and that no waiver of any obligat~on hereunder w of the obligaYan se- c~red hereby sha11 at any time thereafter be held to be a waiver of the terms hereof w of the instrument secured herby. I1. In add~t:o~ fo the forego"ng rnonth!y payments of p~inc'pal and inte~est required by the promissory no!e secured hereby, mortgagor covenants and agrees to pay to morrgagee ~s~th each momhly payr~ient an add~rional sum esumated by mortgagee to be equal to 1 j 12 of the annual cost of the follow- ing: A-All real property taxes levied or assessed against the above dexribed real estate. 8- Premiu~ns on fire and w~ndstorm ~nsurar.ce as heretn requ:red to be carried o~ the improvements situate on the above described premises. ~ C-P~emiu~ni on s~ch mortgage guaranty ~nsurar,ce as mo~tgagee shall from t;me to time deem fit to carry on the ban secured hereby. Mortgagee sha!I f~am time to ~~me notify mortgagor in writing of the amount due and payable he~eundar and such su~n shalt thereupon be due and 4 ~.3yable on the d~e date of the next month!y payment and each successive month therea(rer uNi! mortgagee shall notify mortgagor of a change in such j a•„ount_ Such sums shail be app!ied by mortgagee toward the payment of real property taaes, insurance prem:ums, aixl mwtgage guaranty insurance ~ premiums. IN \'lITNESS YJHEREOf, the said MORTGAGOR has hereunto set his hand and sea! the day and year firsf atoresaid_ Signed, Sealed and delivered in th resence of: ` ~ aq Jim L Allen ~~aq ~ " ~ ~ (sea~) ne K. Allen ~xaq - S ~ ATE OF FLORIDA ~ 55. couNnr oF St. Lucie ~ ~ Befae me personally appeared `Ji! I'. Allen a~ .Tdll@ lC • Allen his wife, to me well known and known fo me to be ~he individuals described in and who execufed the foregang in:trurrKnt, and acknowledged before me that they executed the same for the purposes therein expresxd. And the said Ja~e K. Allen - ' w~fe of the said J~ ~_Allen vpon s_ s~~ta and priv~t~ e=amination by me taken separate and apart from F~er said husband, scknowledged to and fore me that she execused said ' rvm~n~.ffgify ~.1rO~un- rarJy and without any compulsion, constraint, apprehens~on~ g fear of o? from her said hu ba • , V WITNESS my hand and official seal thit ~ - day of ,~A 14 ~ tary Public in a~d i the tate of F{orld3' ~i L+rpe ` . My Commission expites: ~ ~ ~r `r' Return To= ~~O~~My `-1 _ ~ Firsf Federal Savings a Loan Association ~ ~ ~ Of Fort P:e:ce. Fort P~erce, flor~da FILEO ANO RECOROEO ST. LUCIE COUNTY F~A. ROCE~ PO~tRAS CtERK C~~~CUIT COURT RECORQ VEn~~lEB This Instrument Prepared By~ RiChaYd K• fCaytzs First Federal Savings 8~ Loan Association AA1 1~ 3 4z PH ~?1 of Fort Pierce ~ Florida 33450 Checked By , BOOK ~OZ PAGf 1GOS4 ~ _ L 1~