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Home My WebLink About2735 • + 3. To p~ace and conrinvously keep on the bu~'d~~gs now or hereaher s~tuete on sa~d ~and and on al~ cquip~nrnt and personally covered by this mor ege, wi~h al) p~rmwms thrreon pa d m f~il, f~~e ins~rance in ihe usual s~a~~jrd poi~ty form, in a w~n aHpro+ed by the MOR~CaAGEE, a~~d w~ndsto ~nsurance in the usual standard pof.cy form, i~ a wm approved by ~he ~M1ORTGAGEE, in such compm~y or compan+es as the MORiGAGEE m d~recr a~d all Gre a~~d w~ndsiorm ~nsurance poGc~rs on any of sa~d buiid:ngs, any infetesl there~n Jt ~,a~~ ihrrrol, in the aggregefe wm afo~esa~d in excess t~ereoi, shall :onfain the uswl swnda~d nwrtgagee dause o? such other c~ause as ~he hlortgagee rt~ay requ~re, ~~aA~~g tha lois ~~~der s~~d po c~es, each and every. pa~ab:e to sa:d h1pRTGAGEE as ~ts int¢r~st may appear, and each and e.ery auth po.:cy shatl be prompfiy ass g~~cd a~~d de:;re~ad ; eny held by sa~d MORIGAGEE as iur~ha~ security to sa~d n,ortgage drbt, and, not less than ten (l0) days in ad:an:e of tha eap~~e}~on oi cach po:~ty, ro d~ l~ve~ to said A10RiGAGEE a renewal Ihereof, togethar w~th a rece~pf fo? the przmium of iuth rene~nal; a:~d thrre sl}all ba no fire cr windsro~m ~nsuranc ptaced on any of sa~d buildmgs, any interra~ there~n c+r part ~hereof, un!ess in ~he form and wah the lois payab!e as a(o~esa~d; and in the eveM any sun ot money becomes payabie undrr such policy o~ pot~uas sa~d MORTGAGEE shall have the op~.on ?o rec•_~ve and apply the sanie o~ accouni oi ~he indab~rd r:~ss secured he~eby or to permit sa~d MORTGAGOR$ t~ete~ve and use it M any pa~l tn•rrauf ior c:r~~ r~.ur;•ose~s, v.~t~~~.,;t ~h". •>r ~~-~+~'3 ""P°" ~ng any equ~ty, I:en w~iyht under or by virtue of this mo~'gage; and in the eveM sa~d MORTGAGORS shall ior any reason fail to kaep ~he sa~d premises so ~nsvr~~d, or fail ro deliver promptly any of said poi~cies of insurante to sa:d MORiGAGEE, or fail promptty so pay tully any pren~~,;m therefor or in a~y respect fail to pe~(orm, d~scharge, execute, e~fect, completa, co:nply wiih and abide by Ihis covenant, or any pan ha~eof, sa~d MORTvAGEE may p~ace a:d pay for such insur.+nce or any part thrrcof w~thout viaiving or affecting any option, lien, equ~ty, or righr und>_r w by virtue of this hlorrgage, and the f~ll amount of each and every such paymrnt shall be ~m~~~ediately d~e and payable and shall bear interest from tFw date thereof unNl p.,id at the rate ol n~ne pcr centum per ann~m ~nd w~_•d:r~ with wch interest shali t~e sacured by the lien of this mortqage. io permit, comm~t w sutfer no waste, impairment a deteriorotion of said property q any part thereof. 5. To pay all and singv!ar ihe costs, charges and expenses, including a ~easunable atro~ney's tee and ces~s of abstracts of titte, incurred or pald at jny ti~.:e by sa~d MORTGAG'_E, because or in the event of ihe fa~lure on the par~ of ~he said MORTGAvOR to duty, pran~!ly and fvily perlorm, d~scharge =~~wte, effeu, comp:ete, co•nply w.~h and ab:de by each and every ~he atlpulauons, agrerments, condit~ons, and covrnants of sa~d pro:n~ssory note a~1d ih~e ,•ortgage any or e~ther, and sa:d costs, charges and expenses, each and every, shall be immediately due and payabte; vrhelher or not ~hero be nor~ce da n~.and, atte:npt to collect or sui~ pe~id,ng; and the full a~nount of each and every such paymeN shall bea. inrerest from the date thereof until paid a1 the o' nuie per crntum par emw~, a~~d ae~ said cozts, cha~ges and exaenses inturted or paid, together ~v~th such interest, shall be secured by the Gen of this mortgage_ 6. Tha1 (a) in thr event of any breach of this Mo~tgage or defaul~ on the part of the h10RTGAGOR, or ~b) in ihe event any of sa:d sums of money hrr.:in refe~red to be not pro~npily and fuily paid within th~rty (303 days next airer ~he same severa!!y beco~ne d~e and payoble, without demand or notice, tt) in the event each and every ?he stipu:anons, agreeme~ts, tond~tio~~s and tovenants of sad promissoey note ar~d th~a mortgage any w e~~her are nol i~:y, promptly and f~lly performed, d:scharged, execu~ed, eifected, compieted, canpl~ed w~th ar,d aF~ded 5y, then in eaher a any such event the sa~d ag~ ;•~~ate sum mentioned in sa~d prom~ssory ncte then rema~ning unpa~d, with inte~est acu~ed, and a~l mone;s secured hertby, shall become due and pay- nc ~ forfhwith, o. thereafre~, at the eption of s~id MORTGAGEE, as fully and comple~ely as if a~l o( +he sald sums oi money were o~~ginatly st~pu~ated ~o be pa:d on such d:.y, anything in sa:d p~o:n~ssory note or in this Mortgage to the contrary ncnvithstand,ng; and thereupon or thereaher at the op~~on of s, d MORTGAGEE, v~~~f:out nonce or demand, su~t at law or i~ equity, therefore or thereaFter begun, may be prosecuted as if all moneys secured hereby c.,d mat~red pr~or ~o ~ts inititution. 7_ That in the r+ent that at the beginn~ng of w at any time pend~ng any suit uFon this Mortgage, or to foreclose it, or to reform it, or to enforce paym¢nf of any cl3irns he~e~nder, said MORTGAGEE shal! app~y to the Coun hav;ng iurnd~cY.on ther~•of to: the appo~nunent of ~a Rece:ver, wch Co~rt shail rorrhwith appo[nt a rece~ver of sa~d mortgayed properh~ atl and singular, inc:ud.ng a~l a~~d s~ng~~ar the income, piofrts, issues ard reven~es from whatever sc.,~ce der:ved, each and every of wh.ch, n be~ng exp~essly unders~ood, is hereby morigaged as if spec~(~caUy set forth and described in the grannng and h3:,endum ciavses hereo1, and s~ch Receiver shall have all the broad and effec~ive funct.ons and powers in anyw~se entrusted by a Cou~t to a Receiver, and s~ch appointment sh~ll be made by such Court as an admitred eq~ity arx~ a matter of absolute righl to said MORTGAGEE, a~d without reference to the aci_-yvacy or inadequacy oF the vafue of the property mongaged or to the so~vency or insolvency of said MOR~GAGOR or the defendants, and that wch !s, profits, inco.ne, issues and revenues shail be appGed by such Recriver accord~ng to the lien or equ~ty of said 610RiGAGEE and the pract~ce of such Co~rt. 8. To du!y, prompt'y and (ully perfo~m, d;scharqe, execute, effect, complete, comply with ar.d ab~de by each and every the stipulations, agreements. :onditions and covenanrs m sa~d p~omissory note and th~s mortgage set forth. 9. That in the event she ownersh~p of the mortgaged prem~ses, or any part thereof, becomes vested in a person other than the AIIORTGAGOR, the :~RTGAGEE, ns s~ccessors end asz~gns, may, w~rhout not~ce to the :~50RTGAOR, deal w~th such successor or s~ccessor in inre~eat wirh reterence fo th~s ~ o•~gage ar,d !he d_ut hereby secured in the same man~er as w~~h Mortgagor w~thout in any way vit:ating or d~scharg~n~ the Mortgagors' liability here- i:~der or upon the debt hereby sec~red. No saie of the F:emises hereby mortqa9ed ar.d no forbearante on :he part of the ?AORiGAGEE or its successors assi9ns and no exrer.s~on of the time for the payment of the debr hereby secured g~ven by ~he IAORiGAGEE or its svccessors or ass;gns, a~iall operate ro re~ease, d~schsrge, mod~fy cha~tge or affect the original liau~t~ty oi the htORTGAGOR herein, either in whole or in part. 10. It is spec~licaiiy zgreed that t~me is of the essence of this contract and that no waiver of any obt~gat~on hereur.der o? of the obligation se- o.,red hereby shali at any time thereai~er be h~td to be a waiver of the terms hereof or of the instrumem sewred he~by. 11. In a3d t;o~ to the forego n9 n~onth'y paym_nts of piinc pal and inreres! required by the prom s>cry no~e sccured h~trebr, mortgagot covenants , d agr_es to ray to +r:ortgagee +~~th each ~~~o~,+h!~ pa~~:~ent an add.~ionat sum est~n,a~ed b~ mortg~gre to be equal to 1, 12 oi rhe annual cost of the foliow- - A-AI~ rEal propcrty taxes levie,a, or assessed agai•~st the above desvibed real estate. ! B-P._~::~.:ms on fi~e anti w~ndsror~~~ ~nsura~-ce as here~n requ;red to be carried en the Improvemrats s;tuate on the above desv~bed premises. ~ C-Pram~u« s on such mort~~ge guaranty icsurar.ce as mo:tgagee shail from t me to time deem fit to carry on the loan xc~red hereby. f Morlgagee shall (rom time to t+r.~e no:i{y m.ortgagor in writing of the amount d~e and payable hereundtr and such sum shafl thereupon be due and ~ .;ab!e on the d~c date of ~hz neat ~ro•~th'y payment and each succcssive month thereafter uctii mcrigagee shall notify mortgagor of a change in such , ovnt. Such wms s6~:1 be ap~~'ied by mortgag~e toward the payment of real property taxes, ~nsvrante prem,ums, and morigage gua~anty insurante ~ . -en;iums. ( !N YIITPJESS ::'HEREOf, tne said MORTGAGOR has hereunto set his har.d and seal the day and y first aforesaid. ~ Signed, Seated and detiv in the presence of: ~ (Seal) ~ . Dan~Dye ~ (~si) (Seal) j Karen R. Dye ~~a~~ ATE OF F~_ =s ~-,~10 TL l~c~ 1 COUNTY OF , 5!~'~st~f~ie 1 ~ est«e me pe.aa+a~iy ,~a«a Danny R. Dy~e and I _ his wife, to me well k~own and known to me to be # ~ Karen R. Dve 4 individuals described in and who executed t6e foregoing instrument, and acknow~edged before me that they executed the same for the purposes ~ r~,e.ein expressed. And the sa~a__- Ka ren ~ ~]7e ~ r.~je of the said ~n~ Dye - - upon a separate and private ~ ~~am~nat~on by me ta4en separate and apart from her said husband, acknowledged to and before me ihat she executed said instrumeN freely and volun- _•~:y and w~thout any compulsion, consrraint, apprehens,on, o? fear of w from her said husband. ~ 72 t WiTNESS my hared and offiefal seal this__ ~ ra day of ul /1_ D. 19 ~ ; e~c?: K~ fi~.~c - :T,~V~if : CUMTT A. Notary PubSic in a~d for t State at large ~~~F~- c~,}T My Comm~ssion expir Fla. Return To: ,t IT OURT ~ NOTARY P'.'~_'•". ~f f'D.^.~?.0.?tL4R^uE CIEF?. L~' ' , ~ First Federal Savings a toan Asscciation _ pf~.~p~ :tEf+ .~1;. ~r Cr••~•t'=~'• Q9, 19'S ~ Of ic.t P e-ce ~ . . . Fo•t P;e.ce. Fio.lda J~N 3 I 14 PM'~~ ~ v` 232623 . _ ~ ~ ' This Instrument Prepared By John l9. Col l ins First Federal Savings 8~ Loan Association ~ of Fort Pierce~ Florida ~ s Che~ked By . ~~v ~ ~CpK ~~t) PACf ~ 1 JJ ~ s ~ . . -~r 1 ' _ ' r ~ ~~4''x' r:S.'- .J-...._s:,..~, y~_~< _r . ~ r ~