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Home My WebLink About1127 3. To place and continuous~y keep on Ihe tw~'•dings now or hereafter s~tuate on sa~d land and on ali ~q~ipment and pe~sonally covered by this mw sge, w~th all pre~~iums thereon pa~d ~n fuli, ffre insurance in the usual s~endard poiicy form, in a sum approvad by ~he MOR~GAGEE, and wi~dsto ~nsurance in tM usual srandard poi.cy form, in a sum approved by the MORTGAGEE, in such company or tompan~es as the MORTGAGEE m d~rect; and a!1 fire and w~nde~orm inw~ance poliurs on any of sa~d bu~ld~ags, any intereat therein or part ti.ereof, in the a99~e9a~e ~um aforesa~d in excess thereof, shall contain the usual standard mori9agee clause w such o~her clau~e as the Mo~tgagee may ?equ~~e, making tha Iou under ~a~d po ues, each and every, payable ~o sa~d h1pRTGAGEE as rts ~nterest may appear, and each and e~ery such po~~cy shall be promptly ass g~ed ar•d deGve~ed ~ any held by sa~d htORtGAGEE as (urther security to said mo~tgage drbt, and, not ~ess than ten (10) days in advance of the expirelion of each pol~ty, to d~ I~ver to sa~d MORiGAGEE a renewat thereof, tc+gether with a rete~pt for the premwm of such renewal; and ~here shall be no f•~e or windstonn insurant placed on any of sa~d build~ngs, •ny intzrest therein w part rhereof, unless in ~he form and wi~h the loss payable as afo~esaid; and in the eYent any sun of money becomes payable ~nder :uch policy a po~~cies said MORTGAGEE shall have tAe opt,o~ to rece~ve and app!y the u~~te o~ account of ~he indabtrd neas srcu~ed hereby a to permif said MORTGAGORS to receive and use il q any part the:eof lor o:~t~~~ purF,oses, .v~~ho.:t th_r<u~ ~va~v~.y cr u»p~+~~ ~ng any equ~ty, I~en or right undr~ or by virtue of ~his mo:!gage; and in the event sa;d MORTGAGORS shall for any reason fait to krep the said prem~sas so in3ured, o~ ~ail to deliver promptly a~y oF said pol~cies of insurance to sa~d MORTGAGEE, w fail promptly to pay fufly any pre~n~~m thereior or in a~y respect fail to periorm, d~scharge, execute, elfect, complete, comply with and abide by this tove~ant, a any part hrreof, said MORTGAGEE may piace a~~d pay fa such ~naurance or any part thereof w~thout waiving w affectin~ any option, I~en, equ~+y, w right under or by v~rtue of this Matgage, and the full s~novnt o( eacA a~d every such paymeN shall be immrdiately due aod payable •nd shall bear interest from the date thereof until paid at the rate of n~ne pe~ centum pe~ annum and together with such interest shait be srcured by the lien of this mortgage. To permit, commit or sufier no waste, impairment or dNerioration of iaid property oa any part thereof. 5. To pay aIl and iingula~ the costs, charga and e:pe~ses, incl~ding a reasonable attwney's fee and cosrs of abstracts of ~itle, incurred a paid af any time by said MORTGAGEE, because or in the event of the fa~lure on the part of the said MORTGAGOR to duly, promptly and fully per(wm, d~uharge. a~ecute, etiecL canpte?e, comply w~th and ab.de by ea:h and every the sGpula~~ons, agreemenrs. cond~t~ons, aod co~enants of uid prom~ssory ~ote and this ,,orrgage any or e~~he~, and u:d cosrs, chdrges and eapenses, each and every, shall be immediately due a~d payablr; whe~her or not there be nonce d~.. ma~d, attempt to colfect or suit pend~ng; and the full amount of each and every svch payme~t shall bear interesl from the date thereol until p~id at the ~ r.~re of nine per centvm prr annu n; a.~ all said costs, charges and expenses incurred w pa~d, together wah such interest, shall be secured by the I~en of thi~ mortgage. i 6. That (a) in the event of any breach of this Mortgage w default on the part of the MORTGAGOR, a(b) in the event sny of u+d sums of money nrrein referred to be not pro~npNy and fu:ty pa~d within Ihuty (30) days next after ~he same seve~ally becane due and payable, without demand or notice, or (c) in the event each and every the stipulatlons, a9reements, condirions and covenants of sa,d p+om~swry noie and th~s mo~tgage any w e~ther are no~ iuly, promptly anJ futly pe~formed, d:xharged, executed, effected, comp~eted, compl~ed with and abided Sy, then in either or any such eveM the uid ag ~r~~gate wm mentioned in said promissory note then remaining unpaid, with intetest accrued, and a1t moneys setured hereby, shall betume due and pay a~.e forthwith, w the:eafter, at the opr~on of said MORiGAGEE, as fully and compteiely as i1 a~l of ~he sald sums of money were a~ginatly s~~pvlated ro be paid on such day, anything in sa:d prom~sswy note or in this Mwtgage to the contrary notwithstand~ng; and thereupon or thereafter at the op~~on of s=:d MORTGAGEE, without not~te or demand, suit at law or in equity, therefore ot thereafter begun, may be prosetuted ~s if all moneys secv~ed hereby r,~d matu~ed pnW to ~ts institution. 7. ihat in the event that at the begin~u~g of w at any time pend~~g any suit upon this Mortgage, or to faeclosr it, w fo reform it, o? to enforte ~.iyment of any claims he~eunder, said MORTGAGEE shall apply to the Cour1 having jurisd:ction thereof for the appo~ntment of a Receiver, suth Court shall fcrthwith appoint a receiver of said matgaged prpperty all and singular, ir+tlud~ng alI and sirgular the intome, prolits, issues artd revenues from whatever s~~~ce de~ived, sach and every of wh~ch, i~ oeing expressty understood, is he~eby mortgaged as if spec~fically set forth and described in the granting and hebendum clauies herrof, and such Receirer sha11 have all the broad and effec~ive funct~ons and-powers in anywise entrusted by a Court to a Rzceive~, and s..:h appointment shal~ t+e made by such Court as an admitted equity and a matter of absoluie~ riqht fo s~id MORiGAGEE, and without refererxe to the e:iequacy w inadeq~acy of the value of the p~operty mortgaged or to the soive~cy or insolvency of said MORTGAGOR a the defendants, and that such rr.fs, profits, incane, issues and ~evenues shal! be sppiied by such Receiver accordmg to the lien or equity. ot uid MORTGAGEE and the practice of wch Court. 8. To duty, prompriy and fully perform, d~scharge, execute, effect, complete, comply w~th and abide by each and every the stipulations, agrcements, i0~1fI~110lIS and covenants ~n sa~d promissay note and th;s mortgage set fonh. 9. That in the event the ownership of the mortgaged premises, a any part the~eof, becomes vested in a person other fhan the MORTGAGOR, the .'^RTGAGEE, its successws and ass~gns, may, without notice to the MORTGAOR, deal w~th s~ch successor w successor in in?erest ~vith refe~e~ce to thia n ortgage and rhe debt hereby secured in the same manner as with Mortgago~ withovt in any way vif:ating or d~xharging the Morrgagori liabitity herr ,^der or upon the debt hereby secured. No sale of the prem~ses hereby mortgaged and no forbearance on the part of the MORiGAGEE or its successors = er ass~g~s and no ex~ens~on of the rime tor the payment oi the debt he.eby secured give~ by the MORTGAGEE or its successors or ass:gns, ahall operate ; ~o release, d~xharge, modify change a affect she orig~nal liao~lity of the MORIGAGOR herein, either in whole or in part. ' j 10. It is speuf~catly agreed that time is of the e:sence of this contract and that r+o waiver of any obl~gat~on hereunder or of the ob~igation se~ # c:;-ed hereby shah at any time thereafter be held to be a waiver of the terms hereof o~ of the instrument secured he~by. I 1. In acid t:o~ !o the fo~ego n9 momh'y payments of princ pal and inrerest required by the prom ssory no~e secu~ed hereby, mortgagor covenants ~ ,~:d agrees to pay to rtortgagee v~ith each momhiy payr„ent an add~~ional sum est~n+ared by mortgagee to be equal to 1;' 12 of the annual cos~ of the follow- na: A-All rea~ properry tazes le»ed ar assess~d agai•ist thc above described real esrate. B-Prcmiums on iire and windsto+m insuracce as here~n requ~red to be tarried on the improveme~ts s~t~ate on tir_~ above dascribed premises. C-P~emiu~ s o~ such mortgage guaranty insurar.ce as mortgagee shall from time to t~me deem fit to carry on the ban secured hereby. Mwtgagee sha~l from time to t~me norify mortgagor in writ~ng of the amoum due and payable hereundzr and such sum shall thereupoo be due and j :~:abie on the due date of the next momh:y paymem and each successive month thereafter ur.tit mortgagee shall notlfy rnortgagw of a change in such ~ ,~-~unt. Such sums sFa;l be app'ied by mortgagee toward the payment of reai prope~ty taxes, insuraite prem,ums, a~x) mortgage guaranty ~nsura~ce j n~emiums. ! IN WITNESS ':1HERiOF, the said QRiGAGOR has hereunto xt his hand and seal the day and year first aforesaid. ~ Sgned. Sealed and de ' red in presence ~ rP F. Ad m5. ~a~~ ' ' a4 ` is D. Adams ~ - ; S~AiE OF FLORIDA ~ St. ~ Lucie ~ ~ UNTY OF Befwe me penonally appeared Fred F. Ad0ID5 ' and ! ~lI1S Adams his wife, to me we~l known u~d kncwn fA:!Mr !O ba !he individuais described in and who executed the foreyoing instrument, and acknowledged before me that they exetuted tht sams,~~fo? tMf pyrpOSei rhe~ein expresud. Md the said ~15 AC~8ID5 _ ~+,re of r?,e sa~d Fred F. Adams ~tipon.-xpKaie.od priraa e.am~nat~on by me take~ separate and apart (rom her said husband, acknowledged to e~d before me that she exetuted sai~~instwwunt freely and ~!0~~?f~ and without any compulsion, constraint, spprehension, or fear of ot from her said husbartd. . ~ WITNESS my hand and ofFic~al sea! rh~:__ 13th day oi J ne ' t9~~~ ~ ~ SE y - ' ~ otar Public in e f t Slat of Ho[ida ~1~'~: ~ f My Commission expir s: ; i~~,`"r:,1:~ - x Return To: ~ ~ ~;..~t:. ia Fint federal Saviags 8 loan Associaf.on " ~ iP,'; Of Fort P.r: te. ~ Forr P«~rte, Ficrlda FIlE0.4J =.tC~R0E0 ~ ST. LUC'~ ~JUNT~ flA. ~ RGC~G =~)~TRAS ( CIEEl. :,I,'^U1T COURT ~ RECORiI ~f~.~~~ED This Instrume~t Prepared By RiChard K. Kayes First Federal Savings & loan Association 1'. t ~ of Fort Pierce ~ Floricia ~1~ 3 si PN ~Z ~ Cnecked By _ 231532 ~o~~x~ ~ii~7 : , ~ . _ - _ _ _ _ - ~ ~ : ~y~ iT`.AetZ~.'~:i-'r-' ~ _ ~c~~r' v 4 - ~ ~ _ ~ . ; e : _ ,