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Home My WebLink About0972 3. To p~~ce and conr~nuousty weep on rhe bu~'d~~:gs now or I~eraal~ri fituate on sa d land and on al~ eq,,~p~nero and personally cove~ed by this mo~ ege, w~~h all pren~i~ms ~ht~eon pa~d ~n fuli, f~~e insurance in the usuat standa~d poi~ty form, in a aum aFp~oved by the MOR~vAGEE, and windsto ~nsurance in the usual iwndard po:.cy fo~m, in a wm approved by the MORTGAGFE, in such tompany o~ compan~es as the AlORTGAGEE m duecr, and all lire ar.d vv~nJs~orm insurance po~~c~es on any of said bu~~d~ngs, any interest ~here~n or part thrreof, in the agg~egaie sum aforesaid in eacess thereof, shall cont„~n ~he uwal standard mortgagce da~se or such o~her dause as the hlo~tyagee may requ.re, making ~hr loss u~~drr ~a~d po .~es, each and every, payab!e to sa~d AIORTGAGEE as its entarest ~nay appea~, and each and e.ery such p.~~c/ shalt be prompuy assgned and de~~verrd ~ any held by sa~d htORTGAGfE as (unher se<ur~ty to sa~d n,ortgage debt, and, no~ ~ess ~han Ien i~0) days in adlance of the expiro~~on of each poGCy, to d. t;ver to said MORiGAGEE a renewal thereol, togNher with a rece~pt fw thz premwm of such renewal; and rhere st~ail br no t~+e or w~~~daw~m insvranc pleted on any of sa~d buildmgs, any interest therNn or part thereof, u~!ess in the form and with the loss payable as aforesaid; and in the e~ent any sun of money beco=nes payabte undrr wch policy d pol~cies said MORTGAGEE shall have the opt~on to recc~ve and app:y the same on accoum o( the indaofed ness secured hereby or ro permit sa~d MORTGAGORS to recaive and vu it or any part ~he:eof for o:~~~ ~ pu~, ose>. :,,~!~~.,t ih:•..~i .r~~•~ ~7 c~ ing any equ~ty, lien w right under or by virtue of this mortgage; and in thr event sa~d MORTGAGORS shall for any rcason fail to keep ?he said premises so ins~~ed, or (ail ro drliver prpnptly any of sa~d po~~ties of insurante to sa~d MORTGAGEE, or fail pron~ptly to pay f~~ty any pra~n~~m therrlur or in a~y respKt iuil to pe~form, d~scharge, eaecure, effeU, complete, comply wi~h and abide by th~s covenant, or any pmt h~reot, s.~~d MGRiGAGEE may place a°.o pay tor wch imurance or any part thereof w~~hout waiving or aifecting any op~~on, ?~en, equ~ty, or r~gh~ unde~ or by v~rrue of ih~s Mo~fgage, and ~he full amount of each a~d every such payment shali be im~ned~ately d~e and payable and shall bear interest fro~i tha date thereof until paid at the rate ol n~ne per centom per annum and to~rth~~r wi~h wch interest sha~~ be sec~red by Ihe lien ol this mortgage. 1. To permit, commit w suffer no waste, impaitment or deterioration of said property a any part thereof. 5. To pay all a~+d singula~ the costs, cha~ges and expenses, including a reasonable attorney's (ee and costs of abstracts of title, intun~ or paid at ~ny ti~r.e by sa~d MORTGAGEE, becau:e w in the event of the fa~fure on the part of the said MORTGAGOR to duly, pro~~~ptly and fully periorm, d~scharge _.c.utr, effeU, comptete, comply w~rh and ab:de by each and every the stiputanons, agreements, cond~t~oos, and covenants of sa~d prom~;sory note and this € n,ortgage any o~ e~ther, and sa~d costs, charges and expenses, each and every, shall be Im+ned~ately due rnd payable; whe~her or oot there be oot~ce dy mand, attempt to collett or suit pend:ng; and the full amount of each nnd every such payment shall bea~ interes~ fro~~ the date thereof umif paid at the •.•tc~ o~ nine per crntum per acn~n; a~x: all said tosts, charges and expenses irtcu~red or paid, ~ogdther ~v~th suth interest, shall be setured by the lien o1 th~s mortgage. b. That (a) in the event of any breach of this Mortgage w default on tl+e part of Ihe MORTGAGOR, or (b) in the evenf any of sa:d sums of money ncrein referred to be not promptly and ful~y paid within th~rty l30) days next afn_r the same severa::y become due and payable, without demand or notice, or (c) in thr event each and every the stipu:anons, agreements, cond~nons and covenants of sa d promiuory r.o~e and th~s mortgage any or either are not ~uiy, promprly and i~lly perfermed, d scharged, eaecutcd, effected, completed, compi~ed w~th and ab~ded 5y, then in e~~her or any such event the sa~d ag 3reqaTe sum mennoned in sa~d promissory note thrn rrmaining unpaid, with ime~est accrued, and a~l moneys setured he~eby, sfiall become d~e and pay at,e fonhwith, or thereafte~, at the option of sa~d MORTGAGEE, as tuNy and compleiely as if all of the said sums of money were or~ginafly s~tpulated - ro be pa~d on such day, anything in sa.d pro~mssory note or in this Mwtgagr to ihe conrrary notwithstandmg; and thereupon or thereafter at the opUOn of sa~d MORTGAGEE, w~thout norice or demand, suit a1 law or in equity, therefore or thereafrer begun, ,mdy be. prq~ecWed ~s if al) moneys, secured hereby n~d maWred pnw to ~ts ins~irution. - J ~fX 7. Tha~ in the event that at the beginn~ng of w at any time pendi~g any suit upon this Mertgagl~or to iereclose it, or~to re(orm it, or to enfo?ce paymeM of any claims hereunder, said MORTGAGEE shalt apply to the Court having ju~~sd;ct~on the~eot for the appoint,oent ~f' a Rpceive~, ivc~i Cou~t shail fcrrhwith appoint a receiver oi sa~d mortgaged property all and singutar, indud~ng atl and singu~a~ the income~ profAS, iswes and reve~uet,, ilom•rrhatever scurce derived. each and every of whlch, ~t be~ng expressly unders~oed, is hereby morrgaged as i~~speclically set forth a~d descrikxd in the granting and h,bendum c:auses hereof, and such Receiver shail have all the broad and effecrive funu.ons and po.vers in anyw~se emrusted by a Court to a Recellrer, and s_;h appointme~it shal! be made by such Court as an ad~nitted equity and a matter of absof~te right to said MURTGAGEE, and without reference to the edequaty or inadequacy of the value of the property mo~~gaged or to the so.ve~+cy o~ insotvency ot said MORIGAGOR or the detendants, and that wch ~e~~~s, profits, inco~ne, issues and revenues shall be appiied by such Receiver accord~ng to the lien or equity of said MORTGAGEE and rhe practice of such Court. 8. To duty, promptly and fuily perfo+m, d~scharge, execute, effect, compfete. con,pty w~th and abide by each and every the stipulations, agreements, :onditions and cove~ants m sa~d promissory note and th~s mortgage set forth. 9. That in the event ~he ownership of the mortgaged premises, or any part thereof, becomes vested in a person other than the MORT,raAGOR, the :•.ORTGAGEE, its successors and assigns, may, without noiice to the MORTGAOR, deal with such sutcessor or sutcessor in interest with reference to this -~~o•tgage and rh.e debt hereby secuied in the same manncr as wrth blortgagor without in any way vittating or d~xhargi~g the Mortgagors' Iiability here- :~~~de~ w upon the debt hereby sec~red. No sa!e of the F~emises h~reby mortgaged ar.d no forbearaoce on the part of the ~J~OR7GAGEE or iri successors or ass~gns and no exrens~on ot the r~me for thr payme~t of the debt hereby aecured given by the MORTGAGfE or its svccessors or ass~gns, a~iall operate ro release, dascharge, modify char.ge or atfect the o~ig;nal liau!!~ty of the M.ORiGAGOR herein, either in whole or in part. 10. It is s,xc~f~cally agreed that time is of the essence of this contract and that no waiver oi,-any obligat~on hereunder er of the obligation se- cwed hereby shail at any time thereafter be he:d to be a wai~er of the terms hereof or of the instrumeni secwed herby. 11. In Rdd.ro~ fo the forego ng month!y paymeMS of princ pal and in.eresr req~ired by the prom ssary no!e sec~red hereb~, mortgagar eovenants d agr~es to pay to morrgagee v~~~h each month'y pay~.:ent an add~~ional sum est~n~ated by mortgagee to be ey~al to 1, 12 of the annual cost of the follow- A-All real property tax2s lev~e~ or ass^ssrd agai~ut the above desaibed reaf estate. B-Pren:~ums on f~re and windsro:m ~nsuracce as here~n ~equ;red to be carried on the imrroveme~ts situate on th: above described premises. C-Premwms on s~ch m.ortgage guaranry ir.sura~:ce as mortgagee shail frem tlme to time deem fit to carry on the loan secured hereby. 745ortgagee s~a'i from nme to t~~.:e net~4y mortg3gor m wr~nng of the a~r:ou~t d~e and payable hereundrr and such surn shall thereupon be due and f :.,.abte on the due dafe of rhe ne¦t monih:y pay:r,~nt and each wccessive month thereafter ur,til mortgagee shall not;fy mortgagor of a change in such - ~unt. Such sums sHa:f be app:ied 'oy mortgagee toward the payment of real property taxes, insurance prem.ums, and moriga uaramy insurance •emwms. f IN YllTNE~S LVH:REOF, the sa~d MORiGAGOR has hereunto set his hai~d and seal the day and ear first afo e~d. ~ Signed, Seated and delivered in the presence of: ~ - (Sesq ~ _ r'~fi,IIASS • - . EI it].ri ~ (SeaD • ~~?2 1~7~ -(Seal) ~ `•:itness : - ~%Joanne M. Erurin ~ (Seaq S~ATE OF RORtQJ4 V1rCJlTlld ~ S5. couN?r oF Fairfax ~ Before me personatly appea~ed M3X L. ~Y'Flin and ~03Y1T1e M• EI'iiI121 his wife, to me well known and known to me to be rhe individuats described in and who executed the 4oregoing instrument, and acknowledged before me that they executed the same ior the purposes tne~ein expressed. And the said_ _ J0822~ M• ..'~'i~~T1 ~ r.lfe of the said ~X L• F'~~ - upon a separate and private c.am~nat~on by me ta4en separ~te and apa~t from her said husband, acknowledged to and be~ore me that sFie executed sa~d instrumeN freely and volum ~ ~a~uy and wnhovt any computsion, constraint, apprehens; or fear of or from her said husband. WtTNESS my hand and offic:al seal this__ ~fL- day of Ma A. D. 19 ?2 ~ ~~~l.s'f~r ~ i~~ 2'~ ~ ti Notary Pub1~c in and for the State ofi~erf at larye 3 ~ My Comm~ssion expires: ~,p~.~,~ ~ Return To: v^ 7" t` - ~ First Federal Savings 3 loan Assotiat:on ~y~ . ; x Of Fcrr! P.._.~.~ ~ W~i.~it~~ ~IB~ ~r~.~'~Lt~ .U, a=%' ~<<~ r~~Jf ' i ~ a ~ ~ • ~~i~~~ i ~ Fort P~.,rce Ffo•~Ja ~,t ~~as 3 a ~ : ~"'Z- - ~ fIlEO AYl' ~ECORDEO ~ ~ ''d ~ This Instr~ment Prepared By .1. N. Roberts, Jr. ST.LUC+E ~~UNTY FU- ~ ~ 4'' t ~ ROCf =CtTS~AS l . ~ First Federal Savings & loan Association CIEPr. ~~.:.u'' COURt ~ ~ E_~, j, ~ ~ pEr~~F~ v~ f'~~ J ' . ~ of Fort Pierce ~ rlorida , ~ - ,lur~ I~ I 49 PM'?2 : ,~:,'.s..- ~ Checked By ~ aoac 2Q3 9~ 231422 - ~ ~ ~ ~ ~ ~ ~ ~ - ~ ~ ~ - ~ ~ ~ ~ ~ ~ ~`~~~~.-~s:- _ _ .s