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Home My WebLink About2274 3. To place and conti~uously keep on tM buitdinys now or hereafte~ utwte o~ said land and on all eqvipmenl ~nd p~noe~~lly covered by this ma +p~, with ~II premiums thsreon p~~d in full, fire i~surance i~ the usual sundard policy form, in • tum approved by 1M MORTGAGEE, and wir?dsto ieuwanc~ in ?M uiwl u~ndard pol~cy tam, in s sum spproved by ~h~ MORTGAGEE, in wch comp~ny w companiq as the MORTGAGEE m difKfj ~nd a!i {ir~ and windstam inwranc~ policiss on ~+y of said build~np~, any inte~est thareln or part thereof, in tM a~reyaq svm ator~iaid in eYCess thcreof, t!?~il contaio ~M viwl standud mortqsqH ci~use w such o~hK cl~u~ as tM Nlatyage~ may requ~n. makinp ~M loss under ~a~d po cies, each and tvKy, p~yabl~ to aid MORiGAGEE as its in~erat may app~a~, and eath and every svch pol3cy shall b~ promptly ~u;yned and de~~vered ~ +ny he~d by aid MORTGAGEE ~s further security to s+id mwtyage debt, ~nd, not I~u ttwn tae~ (10) days in advance of tM ~xpir~tion of each policy, to d~ live~ ro said N10RTGAGEE • renewal thereof, toyethK with a receipt fa the premium oi tuch renewatj and ehsre sMll be rq fi~e a windstam insuranc plxed on ar~y of iatd buildi,gs, sny in~erest thereie or paN tMreof, unleu in tM fam and wi~h ~M loss p+yabl~ as afaesaidj snd in tF?~ ~vtnt ~ny sun of money becomes payabl~ undK wch policy o~ polKies wid MORTGAGEE ihall haw 1he optio~ to ~eceive and ~pply the same on accounl o/ tAe i~debted neu secv~ed hereby w b permit said MORTGAGORS ~o ~eteiva and us~ it a any part thereof for other purposes, wi~hout ~h.reb~ waivi~ig w~mpair- irg aey equ~ty, lie~ w right under or by virtue oi this mortyape; ~nd in tM tvent s+id MORTGAGORS ihall fw sny ~easa~ fail to keep the said pr~mises so . insured, w f~il b deliva promptly ~ny of said policies of inwr~~p to said MORTGAGEE, or Fait promptty to pay fu11y any prem;um therefw w in any re,pcct fail to ps~fam, dixhuge execute, effecL complete, compy with ud ~bid~ by this aovsnan~, o? a~y ps~~ hcreof, said MORTGAGEE may plsce ~nd paY fw auch inwrance w ~ny put ~hsreof without w~ivinq or affactiop anY optan, ii~n, ~quity, or r:ght ur,~as ar by virtua of thts Me.t4aQe, and fhe full amount of each and every wch payme~t shall be i.rwntdiately dw and py~bb and shall be~r interest from ths date thereof v~til p~id ~t th~ ~at~ of ni~e per centum per ~nnum and togelher with tuch interest shall be secured by fh~ 1'ien of this matyspe. To permit, commit or wffa no wa~te, impiumeot or d~terioration of said prope~ty or u?y part the~eof. 5. To pay ~II and su~yular the cotts, ch+~ges and expenses, includinp a reawoabk attwney's fee and costs of sbstracts of titte, i~cwred or piid st any time by said AAORTGAGEf, beca~se a in the event of ths fiilure on the part of IM iaid MORTGAGOR ro duty, promptly snd fully perforre~, d~atharga exec~te, effett, complete. c~ompty with and ab~dx by esch ~nd every the stipulations, ayreeme~ts, co~ditiona, and cove~snts ot said promissory note and this mortgs~e any o~ either. ~nd si~d costs, cMrges and expenies. each and ~very, shall b~ imrnediately dve and payabls: whetMr o~ not there bs notice da mand, snempt to colkcl a wit pend~?gj and the full amovnt of each a~d every wch payment ahall bea. intereat from tke dat~ the~eof until p~id af the rate of nine pc~ centum per amwm; and all said costs, charyes and expenus incv~red or paid, together wifh s~ch i~teresL sh+ll b~ sscured by the lien of 1h;s mortyay~, 6. That (s) in tAe svent of ~ny (xe~ch of lhis Mo.tgaqe w default on the pan of the JNORTGAGOR, or (b) in the eve+N ~~y of sa~d swns of monsy herein nferred to be nol promptly a~d fully paid within thirry (30) days next after the sarne severaily become due ~nd payabte, wt~hout demand or notice, or (cj in the event each and every tAe stiputatioRS, agreemenri, conditions and coven+nn of sa:d promiuary rate and this mortqa~e a~y a eitiie~ are no1 iuly, promptly ai+d fully pcrfwmed, d~scF~srQed, executed, effectcd, complated, compl'~d with and ab~ded ~iy, than in either a any such event Ihe s~id ~ g.egate wm mtmioned in said promiswry ~ote then remaining unpaid. with i~terest accrued. and all moneys secvred heraby, shill becorne dw and pay~ able fortbwith„ or thereaita. at the option of said MORTGAGEE, u fvlly and completely as if ~II of ~he said sums of money were aqie~ally stepvlated to be paid on such day, anything in said promiuory note or in tha Matyage to the co~trary notwithstsnding; and thercupon or thereaiter at the option of said MORTGAGEE, without rarice w demand, wit at law a in puity, therefwe ot thereafter begwy may be prosec~ted u if sll moneys sacursd hereby had matvred prior to its i~stitution. 7. That io the evcv~t ~hat at the beginni~g of or at any time pending sny suit upa+ this Mwtgage, w to forecloss it. or fo reform it, o? fo enforos PaYmen~ of any ctaims hae~nd~r, said MORTGAGEE shall apply to the Cov~t hsving jwisdiction 1F~ereof iw the sppoiMment of • Receiver, svch Court sh~ll forthwith sppoiM s receiver of said mortgaged property all and sing~la?, i~clud~ng all ~nd sir+gular the intomF, profits, iswta ~d faser+ues from whatever source derived, each and every of which, i~ being expteuly understood, is hereby mortgag~f a's~ ii specifica(ty set forth and describrd in the ~ranting and habendum clavses hereof, and such Receiver shalf have all the broad and effective funct~ons a~d powers i~~anywisd entrusted b;,Ctiou~1 ro a Receiver, u~d :uch appointment shall be made by such Covrt as an admitted cquity snd a msttei of a r~yht. tQ~~aid" MORTGAG~E, a~ w;t !.~eftrence to the edequacy w inadeqwcy of the vatue of the properry mongaged or to the wl+rency or o~, faid ~ORZGAQOR" br 1~+'s nts, ~nd that s~xh renn. profin. income, issues and revenues shall be applied by such Receivcr accading ~ ' tK.oE.sa;d ~IypRII~E-ind"i!e pr~dice of sucfi Coutt. - ~~i?~~ . . 8. To duly, promptly and fulfy perform, dixharge, execute, effect, eomplete, comply with and abfde by eaci~ and every tlx stipulaYwns, agreemeots, c~••+:•_•w•. ~.,Y..+,.m: :n u~ 4rwn~tso+~ note and this mortga~e set fwth. 9. 7hat in the event the ownership of the mortgaged premises, w any part thereof, becomes vested in a penon other than the MORTGAGOR, ths. MORTGAGEE, its successors ar~d auigns, may, wirhout ratice to the MORiGAOR, deat wiih svch successw w svccessor in intcvest with reference to this mortgape and the debt hereby secured in the same ma~ner as with Mortgagw without in any way vitiating p distharging the Mortgaqors• liability htre- under or upon the debt hereby secured. No ssle of the premises hereby mortgaged and no fwbearonce on the part of 1F+e MORTGAGEE or its urccessors or augns and no exrension of the time for the payment of the debt hereby secured given by tF?e N10RTGAGEE w its succeuors or auigns, sfiatl operate to releasa, dischar9e, modify ch~nge or aftect the wiginal liability of the MORTGAGOR herein, either in whole a in parL 10. It is specifically agreed that t~me is of the essence of this controct and that no waiver of any obligation hereurd~r or of ths obligatia~ se- cured hereby shalt st any time thereafter be hetd to be a waivtr of the terms hereof w of the instrumeM secured berby. 11. In add~tion ro the forego:ng monthty payments of princ'pal and interest required by the promiuory note secured hereby, mortgagw covenants and agrees to pay to mortgagee with each monthly payrnent an addi~ional swn est~mated by mortgagee to be equal to 1/12 of the annual cost of the follow- ing: ~ . A-All real property taxes kvied w assessed against the above described real estate. B-Premiums pn fire and windstwm insurance as herein requ;red to be tarried on the improvements situate on the above described premises. C-Premiums on such mortgage guaranty insurance as mortgsgee sFwll from time to time deem fit to wrry o~ the loan secured hereby. Mortgagee sF~all from time to time notify mwtgagw in writirg of the amount due and payable hereunder and such sum sRall thereupon be due snd payable on the due date of the next monthly paymenf and each successive month thereafter ur.til mortgagee shall notify mortgagor of s thange in such amount. Such sums sF.all be applied by mortgagee toward the payment of real property taxes, insurarxe prem:ums, and mortgage g~aranty ins~rance premivms. WITNE55 WHEREOF, the sa;d MORTGAGOR has i~erevnto xt his hand and seal the day and year fint ~foresaid. Sealed and de ' er in the presence of: ~ •n . A. evens an ~ • Jea W. Stevens n I', ~ n ~ ' ATE OF FLORIDA I courm oF St . Luc ie Befae me pe?wiw!!y ippeued John A. Stevens and ~ .16dI1 W. Stevens his wife, to me well known ~nd knawin to me to be ` the individwb described in and who execvted the forepoing instrwnent, and ~cknowledged befote me that they executed~~+~N for th~ purposes T~~_~. . ~ rherein expressed. Md tt~e sa~d .1e2117 W. SL6V6tI5 ••i ~'+l, ~ ; W~re of ~r~ „~a John A. Stever~s ~~+f! examinatiw~ by me taken Kparate and apart from her s~id huyband, xkrqwledg~d ta and before me 1F~at she executec~• ~ ip~fryme~,{r~, ufd voluo- ! rarily and without any compulian, constraint, appre fear of or from he? said husb~~sd. ' ~ ~ WITNE55 my hand and official seal thi day of 19 1~a . ~ ~ ~ ~ 72 ~ . .1 c~, Not~ry Publit in ar?d for ~•St j ~ My CarKniuion e~ireac S Return To: • i Fint Federal Savings b los~ Aasociatan NOjAIry ~C. Siw~ ~f~~R10A ~t LAR6E O( Fort P~erce. F11E0 AND REC~RptOM~a ~~Pg~~qs~,~ C0. ~ Fon P~erce, fbrida ST.lUC1E COUMTY flA. j ROCER POtTRAS CIERK CIRCUIT COUII ~ RECORD YERiFIEO This Instrument Prepared By John W. Collins ~ 16 12 z9 PN First Federal Savings b loan Association of Fort Pierce , Flor ida Checked 8y,~` ~~I r~s 6001( rGV~ PACf ~~2 ~ ~ _ ~ _ ~