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Home My WebLink About1998 3. To p!ace and continvously keep on ~ha bui'd~ngs now or hereafter aituate on sa~d tand and on al; equipment and personally cove~ad by this mor age, w~ih all prem~ums thercon pa~d in full, fue ins~rance in the uswl itanderd po'~cy form, in a sum approved by the A1UR~ti:aGEE, and windsto ~nwtance in tha us~al s+anda~d poLCy fo~m, in a sum approved by the MORTGAGEE, in such company or tompames as the h~ORTGAGEE m d~~ec~; and all in~ and wmdsroim inswa~ce po~~c~es on any of sa~d buitd~ngs, ~ny iniere~t therein or pa~t thereo~. in the agqregate sum ~fwesaid in eacess ~hereof, shatl :ontain the usuai sear.dard morigagee clause w such oiher c~ause as the Mo~~yayee may requ.re, maA~ng rha ioss u~da+ sa~d po c~es, eath and every, paya5'e to sa~d A10RiGAGEE as ~ts iroerest may appear, and eath and every such po:~cy shall be prompt~y ass g+~rd and de:~verrd ~ eny held by sa~d htOR(GAGEf as f~r~her secur~ty to said mwtgage debt, and, not leu than ten (10) days in advance of the expirat~on o1 each pollcy, to d. t~ver to sa~d MORTGAGEE a renewal thereof, toge~her with a rece~pt fw the premium of such renewai; and ihere s1~a~l be no f~re o~ wlndsto~m ~nsuranc placed on any ot said bvild~ngs, any inte~est there~n or part thereof, unless in the iorm and with the loss payab~e as aforesaid; a~d in tfie event any sun of money becomes payabta undrr such poticy o~ po~~ues s.+id MORTGAGEE shall havr Iha opt~oo to rece~ve and app:y the saine on account o1 the indrbt~d ness secured heceby w ro pcrmit sa~d rAORTGAGORS ro reteive and use i1 a any part thr:cof tor o:i~_r Hur,•os~•s. .•.:~ho~t :~~~.ur .v.:~~~ ~r ~"'p4" ing any equ~ty, Ilen w right undrr w by virtue of ~his n,o"gage; and in the event sa~d MORTGAGORS shall for any reaso~ fail to kaep ~he sa~d prem~ses so inwred, w fail to deliver p~omptly any of uid po~~ties of inwronce to said MORiGAGEE, or ta~! prompuy to pay fully any pre~~~i.,m tF.creiur w in a:~y respect fail to periorm, d~scha~ge, eaecute, e;fect, complete, co:nply with and abide by thls covenant, or any part hrreof, said MGRTvAGEE may piace a~d pay fw such inaurance or any pa~t thareof w~rhout waiving a affeUing any optfon, lien, equ~ty, or right undrr or by virtue of thts Mo~tgage. and thE f„11 amount oi each and e.'ay such payment shall be immediately due and payable and shall brar interrst from the date thereoi until paid at the rate of nine per cemum per annum ~nd fo~~~h~~r N~!h such inre~es~ sha~i be srcured by fhe lien of th~s mortgage. 4. To pe~mit, commit or su(fer no waste, impairment q drterioration of said property w any part thereof. 5. To pay al{ and singular the costs, charges and expe~xs, 7ncluding a reasonablc attorney's fee and costa of abstracts of t~tte, incurred w paid at ,ny time by sa~d MORIGAG:E, because or in the event of the fa~lure on Ihe part of the said MORTGAGOR to dvly, prompNy and fuliy perform, d~scharge. aaecure, eifect, canp:ere, co~nply w~th and ab"de by each and evay the stipulat~ons, agreeme~rs, cond~t~ons, and covenanrs o~ sa~d promfssory note and ~h~s ~~o~tgage any or ei~her, and s~:d costs, charges and eapenses, eacA and every, shall be immediately due and pbyable; whether or not there be net~ce d~ • mand, atternpt to co:lect or svit pe~~d~ng; and the ful) amount of each and every such payment s~all bea~ interest from ~he date thereof until paid al the r.,+e o~ n~ne pe. crntutn per an~w-n; and aN said cosrs, charges and ex;xnses incurred or paid, togtther w~th such iroeresl, shall be setured by the lien of th~~ i mortgage. 6. That (a) in the event of any breach of this Mortgage w default on tFr part of the MORTGAGOR, or (b) in the event any of sa:d sums of money herein referred to be not pranptty and fully paid wirhin th~rry (30) days next after the same severa:iy become due and payable, without demand or notice. or (c) in tha event each and eve~y the stiputatio~s, agreements, conditions and covenants of sa;d promissory note and th~s mortgage any or either are not iuly, pro+nptly and fully performed, d.schargad, executed, eifected, compteted, compl;ed with and ab~ded Sy, then in e~ther w any such evem the sa~d ag gregate sum mentioned in sa~d promissory note then remaining unpaid, wi~h interest accrued, and ail moneys secured hereby, shall become due and pay- ab:e fo~thwith, or thereafter, at the cpt~on of said MORTGAGEE, as fully and compleiely as il a~l of the said wms of mor.ey were o+~g~nally st~p~:ated to be pa~d on such day, any~hena in sa:d prom~ssory nore a in this Mortgage to the contrary notw~ths~and~ng; and thereupon or thereafte~ a~ ihe op~~on of sa~d MORTGAGEE, w~rhout not~ce or demand, suit at law or in cqu~ty, therefo~e or thereaiTer begun, may be prosecuted as if all moneys setured hereby nad maWred pna to its institution. 7. That in the event that at the beginn~ng of or at any time pending any suit upon this Mortgage, o~ to foreclose it, or to reform it, or to enforce payment of a~y claims hereunder, said MORTGAGEE sha11 apply to the Cowt having ~ur~sd:ction ~hereot fot the appo~ntment of a Rxeiver, such Court shall fcrthvrith appoiM a rece~ver tf sa~d mortgaged property all and singvlar, includ~~g all and singutar ~ne income, p~ohts, issues and revenves from whatever scur~e derived, each and every of wh:ch, it be]ng express!y unders~ood, is hereby mortgaged as if spec~ficaUy set forth and described in the grant~ng a~d habendum c~auses hercwf, and such Rece~ver shail have all t!~e broad and effecr~ve funct:ons and powers in anywise entrusted by a Co~~t to a Rece+ver, and s.:ch appointment shal! be made by such Cou.t as an ad:~itred eGuity and a matter of absolute right to said MORTGAGEE, artd without reference to the adequacy or inadeq~acy of the value of the property mortgaged or to the sa:vency or ~nsolvency oF said MORiGAGOR o~ the defendants, and ihat such renrs, profits, incane, iuues and revenues shall be applied by such Receiver according to the lien w equity of said MORTGAGEE and the praclice of such Court. 8. To duly, oromptly and (ully perform, d~scharge, execute, effect, complete, comp~y wirh and abide by each a~d every the stipulations, agreements, conditions ar.d covenanrs ~n sa~d promissory note and th~s mortgage set forth. 9. That in the event the ownership of the mortgaged premises, a any part thereof, becomes vested in a person other than the MORTGAGOR, fhe ' ~'.ORTGAGEE, its su<cesso~s and assigns, may, wi~hout norice to the A10RTGAOR, deal with such successor w successor in interest with reference to thie R~o~~gage and the debt hereby secured in the same manner as wnh Mortgagor w+thout in any way vit~ating or d~scharging the Mortgagori liability here- unde~ or upon the debt hereby secvred. No saie of the prem~ses hereby mortgaged a~d no lorbearance on the part of the I~AORTGAGEE w its svctessors or assigns and no eatension of the time for the payme~~ of the debt hereby secured g~ven by the MORiGAGEE or its successws or assigns, atialt operate ~o re!ease, d~scharge, modify change or affect the orig:nal liab~l~ty of the MORTGAGOR herein, either i~ whole or in pa~t. 10. It is speuficatly agreed that t~me is of the essence of th~s coreract and that rw waiver of ar.y obl~gaf~on hereunder or of the obligation se- :~red hereby shali at any time thereafter be held to be a waiver of the terms hereof a of the instrument secured he~by_ 11. tn aod.t:o~ to the forego'n9 monthly paymenrs of princ pat and interest required by the prom:ssory no!e sewred hereby, mortga~or covena~ts 3 ~d agrces to pay to n;ortgagee ~with each monrhiy pay~,:ent an ad~~rional sum est~mated by mortgagee to be equal to 1, 12 of the annual cost of the foliow- ,7: . ~ A-AII real prop~.ty taxrs lev~ed or assessed agai~st th~ above deuribed real estate. B-Pren:~wns on fire ar.d windsto-m insuracce as here~n r`qu~red to be carried on the improvements s;tuatr on the above d=scribed premises. C-Pre~n~~ms on such mortgage guaranty ir.surer,ce as mortgagee shall ~rom t me to tune deem fit to carry on the loan secwed hereby. Mortgagee s~~!1 !.cm t;me to time notlfy mortgager in writing of the arr,ount dve and payable hereundrr and such sum shall thereupo~ be due and .able on the due date of rh~ next month:y payment and each success~ve month thereaftcr uctil mongagee shall notify mortgagor of a chanqe in s~ch , 1 ovnt_ Such sums sHa:i be appi~ed by morrgagee toward the payment of real preperty taxes, insurance prem:ums, a~xl mortgage g~aranty insurance :~•z:niums. ; IN YlITNESS Y~HER~Of, the said MORiGAGOR has hereunto set his hand and seal the day a~d year first aforewid. i 6igned, eal d, a d 'v ' the presence of: ; ,r~• d' 'C-- rSeao ' Ra . Fbwe ~ c~sq ~ - ' - / i~ i ~ 1 ;7 ~ P_c.~l. (Seaq Diann H. Howe r~aq STATE OF iLORIDA 55. COUNTY OF St . WC le ~ 8efwe me pe?wna'ly appeared RdX~~ ~0~1e a^d Diann H. Howe his wife, to me weil known snd.klwwn to me to be rha individvats described in and who executed the fuegoing instrurtxnt, and scknowledged before me that they executed ~ tAe purposes rhe~ein ex essed. And the said Diann H Howe ~r~ J _ P~ , : i. r. . r:;fe of the sa~d Ra Howe .~A • iepeWte ~nd private ~ e.am~nat~o~ by me taken separate and apart from her said husband, acknowledged ro snd before me that she execut ~tai~ instrumeot.frBely and volun- ;~~iy and w~thout any compulsbn, constraint, apprehens or fesr of or irom id husband. ~r~ ' ~ W~TNESS my hand and offic7al seal this ~~7 day of~ June `A,.:d, ~q 72 ~ • _ • _ ' r ~s.: . . . ~ ~ Notary Public in and for tF~~ ~ ?Q ~~f Larye A1y Commission eapires: - ~ ~ Return To: ~~~~1_ ~ 1E M FIORIDA et LARG~ ~ First federal Savings b Loan Aswciat~on MY COMMlS$1pl~ EXp~RES SEPT, 2$, 1975 ~ Of Fart P e:ce. BY ~ncan Bankea Inwrance l;o, Fort Pie:ce, Flurida ~ ~ ~ ~ FILfC AkC ~ECURDEO ; ~ This Instrument Prepared By Richard K. Kayes ST ~~c~~ ~~JHTY F~~. First Federal Savin s 8. Loan Association R~~~r r;~;~7AS ~ 9 CIE~K l;i :~~~Ii COURt of Fort Pierce , Florida RECOF~ y~=•=;E., ~ ~ r ~ ~ Checked By ~ - 3 24 PH ~11 ~ ° ~Ra 203 PAGE 1998 ~ BGOK ~ ~ ~ - 23212~ ~ - - - - - - - - - - - : . ~~~''~x~ ~ - - _ ~