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Home My WebLink About0306 f f . 1r ip } t 3. To p~ace and continuously Aeep on the bvi'dings now N hereafter sltuate on sa~d land and on ali equ7pment and personally covered by this mor ~ age, w~ih all prenuums th~reon pa~d in (ull, 1'ue ins~ranca in ihe usual :ea~~dud ~w![cy form, in a sum a~.proved by ihe MOR~GAGEE, and wlndsto t ~nsurance in the usual standard pol:cy form, in a wm approved by the MORTGAGEE, in suth company ot tompan~es as Ihe MORTGAGEE m direct; and all iire and windstorm insurance pnlicies or? any of said buildangs, eny inleresl ther~in or pa~t thereoF, in the aggregete sum aforesaid in excess thereof, sAall centain the usual sta~~dard mortgagte daute or suth o~her clausa as the Mwtgayee m~y ~equ;re, ma4ing tho loss under sa~d po cics, each and every, payab~e to said h~ORTGAGEE as its interest may appear, and eath and eve~y such po~~cy ihall be promptly ass gned and de~ivered + any he~d by said MORIGAGEE as furthrr secu~~ty ~o said mortgage deb~, and, not less than ten (101 days in adva~xe oi the expiralion of each po~ity, to d. I;ver 1o said MORTGAGfE a renewal ~hereof, toge~hrr with a rece~pt for the premium of such renewal; and ~here shall be no f~re or winds~o~~n insuranc placed on any of said buildings, any interest there~n or part thereof, unless in the form and ~vith the loss payab~e as aforesaid; and in the eveM any sun of mo~ey becomes payable unde~ such poticy or pol~cies sa~d MORTGAGFE shall hava ihe opt~on to rece~ve ~~~d apply the sa~ne on accou~u o( the indebtad ness secure<! hereby w to permif sa~d MORTGAGORS to receive and use it w any part thereol ior o:i~cr p~rt.~s~s, v.~~t~wt ~h~~~ur ~~'~P=~' ing any equ~ty, lien or rigA~ unde~ w by virtue of this mo:egage; and in the event sa:d MORTGAGORS shall !or any reason fail to keep the sald promisrs so in:ured, w fail to del~ver p~on.ptly any of sa~d pol~cies of insura~ce to sa~d 1AORTGAGEE, or fail p:omptly to pay fully any pre~~~ium therrfor or in a~y respect fa~l to perform, d~scharge, eaecute, efiect, comptete, comply wi~h and ab~de by th~s covenant, or any par~ h~reof, said MORTGAGEE may place a~~d pay fa s~ch insurance or any part thereof without waiving w affeding any op~ion, lien, equity, or right under w by virtue of this Mortgage, and the f~l1 amoun~ of each and every such paymem shalt be ~mmediately due and payable and shall besr interest from the date thereoi until pald at ~he rate of ~~~~e per tentum per annum and ro~ethe~ w~th such interest shaU be srcured by the lien of this mortgage. 4. To permit, tommit or sutfer no waste, impairment w deterioration of said property or any parl thereof. S. To pa'? all and singular the costs, charges and expenses, including a reasonable attwney's fee and costs of abstratts of title, incurred or paid at any time by sa~d MCRTGAGEE, because or in the event of the failu~e on the part of ~he said MORTGAGOR to d.,ty, p~omptly a~d futly perform, d:scharge. ~xec~te, etfed, tompfete, comply wah and ab:de by each and every 1he stipuiat~ons, agreements, conditions, and covenants of said promissory note and this mortgage any or e~~her, and sa~d cos~s, charges and expenses, each and every, shatl be immediatefy due and payable: whether or not rhert be not~ce de mand, attempt to colled a suit pend~ng; and Ihe fult amouM of each and every suth paymenl shall bea. interest from the date thereof until paid at the r. ie o~ nine per crntuni pcr ann~:n; and all said coz~s, charges and expenses inturred a paid, together wuh such interest, shall be secured by the I~en of this ! mortgage. b.~Tha1 (a) in the event of any breach o1 this Mortgage or default on the part of the MORTGAGOR, w(b) in the event any of sa;d sums of money herein roferred to be not p~anptFy and fully paid within th~rty (30) days next afte? the same severa!ly b~come due and payable, withoul demand or notice, or (c) in thr event each a++d every the stiputatio~s, agreeme~ts, cond~tion: and covenants of sa;d promissory note and th~s mortgage any or e~ther are nol iu~y, promptiy and fulty performed, d~scharged, executed, e(fecled, tompleted, complied with and a6ided 5y, then in e~ther w any such eveM 1he sa~d ag ; ~regate sum mentioned in said pro~nisswy note ?hen remaining unpaid, with interest accrued, and ati moneys secured hereby, Shall betome due and pay atile forthwith, or thereafte~, at the option of said A10RTGAGEE, as fu~Iy arrj completely as if all of the said sums of money were originally st~pv~ated to be pa~d on such day, anything in sa:d pro~n;ssory note a~ in this Mortgage to the contra~y notwithstanding; and thereupon w thereafter at th~ op~~oo of s~,d MORTGAGEE, without netice or demand, suit at law or in equity, therefore or thereafrer begun, may be prosewted as if all mooeys secured hereby n~d matured pnor lo its institution. 7. That in the event that at the beginn~ng of or at any time pending any suit upon this Mortgage, or to foreclese it, or to reform it, or to enforce payment of any claims hereunde~, said MORTGAGEE shall apply to the Court having jurisd:ctian thereof fw the appo~mment of a Receiver, such Court shall forthwith appoint a reteiver oi said mortgaged property all and singular, includ~ng all and sinyu~ar the incon~e, profits, issues and revenues from whatever sovrce derived, each and every of wh;ch, it being expressfy understood, is hereby morrgaged as if spec:ficafly set iorth and described in the granting and habendum dauses hereof, a~d s~ch Receiver shall have all the broad and effective funu,ons and po.vers in anyw~se emrusted by a Court to a Receiver, ar.d s.ch appointment shal! be r..ade by svch Court as an admitrcd equity a~d a ma~ter of absolute right fo said MORTGAGEE, and without reference to the adequacy or inadrquacy of the value of the properfy mortgaged or to the so+vency or inso'•vency o( said MORTGAGOR or the defendants, and that s~ch r~nrs, profits, incane, issues and revenues shall ae applied by such Receiver accord~ng to the lien or equity of said MORTGAGEE and the practite o1 suth Court. 9. To duty, promptly and ful~y perform, discharge, execute, effect, complete, comply with and abide by each and every the stipulations, agreements, :onditions and covenants ~rt sa~d promissory note arx~ this mortgage set forth. 4. That in the event the a~wnership of the mortgaged prem~ses, or any part the~eof, becomes veated in a perwn other than the MORTGAGOR, the h'.ORTGAGEE, iti successors and ass~gns, may, without notice to the MORTGAOR, deal with s~ch successw or s~ccessor in interest .vuh reference to this mortgage and the debt hrreby secured in the same manner as with Mortgagor w6lhout in any way vitiating or diuharging the Mortgagors' liability here- ~nder or upon the debt hereey secvred_ No sa:e of the Fremises hereby mortgaged and no forbearance on the part oS the MORiGAGEE or its successors or assigns and no exrension of the rime for the payment of the debt hereby secured given by the MORTGAGEE or its successws or ass:gns, ahall operate ~o re!ease, d~scharge, mod~fy change or affect the orig~nal liabitity of tFie MORTGAGOR herein, either i~ whole w in part_ 10. It is saeufically agreed that time is of tne essence of this contract and that no waiver of any obligarion hereunder or of the obligation se- c~red hereby shal~ at any time thereafrer be he:d to be a waiver of the te~ms hereof or of the instrument secured he~by_ . 11. In acid.t:o~ to rhe forego'ng monshly paym~nts of princ pal and interest required by the prom;ssery note secured hereb~, mortga~ar covenams jr,d agrees to pay to moatgagee w~th each monthiy pay~nent an add~:ional sum est~mated by mortgagee to be equal to 1, 12 of the annual cost of the follow- I:,g: A-All rea! property taxes levi>d or assessed agai~~st the above descrihed real estate. B--Fre~;~u~^s on fire ar.d windstorrn ~r.svrance as herein requ~red to be carried on the cmprovements s~tuate on the above d=sr.ibed premises. G-Pre~niums on such mortgage gvaranty ir.surar~ce as mortgagee sha(1 from t~me to time deem fit to carry on the loan secured hereby. ' Mortgagee sha~l from rime to time nor~fy mortgagor ~n wrir;ng of the amou~t due and payable hereunder a~d such s~~ ~aif therevpon be due and ~ ;~rable on the due date of the next moMh!y payment and eath svccessive momh thereaftcr ur.ti{ mcrtgagee shaH notkfy mor:~agor of a change in suth ; ~-~ount. Such sums sF.a;i be applied by mortgagee toward the payment of real p~operiy tazes, insurance prem.ums, and mortgage guaraMy ~nsurance ~ ,remiums_ ; IN•Y~ITNESS :YHfREOf, the said MORTGAGOR has hereunto set his hard and seaf the day and year first reuid. ~ Signed, Sealed and delivered in the presente of: ~ ~i / / ~f Seal) ~ 7: !'t ~:f~. . B . alters ~~,n 1 ~ ~G~ ~ (seaq ~ ' Alliece Walters ~ SiATE Of FIORIDA ~ ` 55. ~ ~OUNTY OF St. Lucie t ' Before me personaliy appeared G. B• walters end _ Allieee Walters his wife, to me welt known and krawn to me to be the individuals described in arxj who executed the foregang instrumeM, and acknowledged before me that they executed ti~e same for the purposes rherein expressed_ And the said Al11eCe W~1tQ1S ~ N;fe of the said G• • ~+q~'~-d sPparate and privste B W lters ~L ~ ~ e¦am~nat~on by me taken separale and aaart from her said husband, scknowledged to and befo~e me ihat she exeaLtrsi fa~-H~tluw~tl ~treely and volurt~ ta~~ly and without any compulsion, constraint, apprehens~on, or fear of or from her uid husband. f~ , . ~ E r;-_'~ WITNE55 my hand and offic~al seal this__ ~{h- day of `J~y : ` A. D. 19 72 ' • ~ IJ ' A ~ ~l ~ 7t~1~_ ~ 1~ : Nctary Public in snd for the, p yqf~lor~3a aY ipt~e MV Comm~ssion expires: " ' Return To: M~l'~Y~UBIIC, STAT~•ot~~IORIDA~t IARI~ ~ First Federal Savings b loan Association MY CpaM(SS(pN EX41TtES SEPT. 25, 19~ Of Fort P~rce. gpoCed By Au~t~i[3h B~(tke~4 Itlwfs11C6 ~ fort Pierce, Horida ~ f ~Ep ~,Np pECOR~EO 5~.tt1CtE CO tTRAS`~ This Instrument Prepared By : Gary R. Ellwood ~~ERR C~CU~? COUAT ~ ~ First Federal Savings & Loan Association yEq~clf0 of Fort Pierce , Florida RECORD ~ 9 Sl pN'12 ~ Checked By ~ ~ ~ 2330~2 ~ ` ~p 204 ~~cF 306 ~ avuK ~ - ° -~;,w,~ r r~ °s._ . __...u. . s._ . ,_2._ .+n,.a~~