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Home My WebLink About0540 3. To plate and continuously keep on ~he 6u~:d~ngs now or he~eatter s~~uate on sa~d land and on all eq:,ip~nent and persortally covered by this ma age, w~th all prcmi~ms thereon pa~d in f~11, fi~z insurante in the usual s~a~xlard pol~cy form, in a tum approved by tha MOR~GAGEf, and w~nds?o insurance in Yhe uiual standa.d pot.cy fo~m, in a surn approved by ~he MORTGAGFE, in ~uch tompany or cwnpanies as ~he h10RTGAGEE R+ direc~; and all (~re and w~nus~urm inw~an<e poUC~es on any of sald build.ngs, any interest thcrcin or part thereoi, in the aggre9a~e sum afarosa~d in excess the~eof, shail :ontain the usual standard mortgagee tlause pr such other ctause as the Mo~lgayee may requ~re, maAing ~he loss undrr sa~d po des, each and every, payable to said h\ORTGAGEE as its intcrest may appear, a~d each and e~ery such po:~cy shall be p~ompriy ass gnrd and deGvered ~ any held by sa~d MORfGAGEE as {urlher security to aaid mortgage debt, and, no~ Izss tfian ten (101 days in advan<e of the rxpFration of eath poGcy, to d. live~ ~o said MORiGAGEE a renewal :heieof, ~oge~her wi~h a.reca~pt for the premium of such renewal; a~~d ~he~e sha? be no f:re or wlndstorm insuranc placed on any of sa~d buildings, any interest there~n w pa~t thereof, untess in the form and wiih the losa peyable as a(oresaid; a~d in the e~ent any sun of money becomes payable uoder wch policy a policies said MORTGAGEE shall have the opt~on to receive and appty tha sarne on atcount of tlw indebtad nen secu~ed hareby or to permit sa~d MORiGAGORS to receive and use it w any pa~l th-_:eof for o:n~ r pvrF oses. .•~~+ho~t thr. u~ w~~Y~.,7 c~ ~~~,p..~r ing any equ~ty, lien or right under or by virtue of this mo:!gage; and in the evenl ta~d MORTGAGORS shal! for any reason fail to keep rhe sa~d premisas so :~sured, Or fail f0 deliver promptly any Of said policiei Of insurance 10 Said MORTGAGEE, o~ lai{ promptly lo pay fuily any pre~~~ium thetefot Or in anY respttt fail to perform, discharge, ezecute, e(fect, complete, comply with a~ul abide by this cove~at~t, or any part he~eof, said MORTGAGEE may piace a-~d pay fw svch insurance o~ any part thereof wrthout waiving w affectirtg any opfion, l;en, equlty, or right under o~ by virtue of ~his Mortgage, and the f~ll amoun~ o( each and every such payment shall be immed~ately due and payable and shall brar iMerest from tha date thereof un~il paid a~ the rate ot n~ne pe~ centum per annum a~id to~ethcr with suth inte~est shafi be aecured by fhe Iien of this mortgage. 1. To permit, commit oc_s_uffer no waste, impairme~t or deterioration of said property w any part thereof. 5. To pay att a~d sing~iar the casts, charges artd expenses, including a rEasonable attorney i fee and costs of abstracts of title, inturred or paid at any time by sa~d MORTGAGfE, because or in fhe event of the failure o~ the part of the said MORTGAGOR to duly, pron,ptly and fully perform, dacharge. :xec~te, effea, comptere, co~nply w~th and ab:dr by each and every Ihe atipufat~ons, agreen,ents, conditions, and cove~ants of said pro~nissory note and this rnongage any a either, and w:d costs, charges and expenses, each and every, shall be immed7ately due and payab:e; whether w not there be notice d~ mand, attpmpt to totlect w suit pend~ng; and the futl amovnt of each and every such payment shaH bear inlerest irom the date thereot until paid a! !he r.,~e oj n~ne per crntvm ~r annum; ar~ aN said cos+s, charges and exFenses incurred or paid, together w~~h suth interest, shall be secured by the lien of lhis mortgage. 6. That (a) in the event of any breach of this Mortgage or default o~ thr part of the .MORTGAGOR, or ;b) in the event any of said sums of money herein referred to be not promptly and iulty paid within fhirty (30? days next aiter the same severally becoma due and payable, without demand a notice. or (c) ;n thr event each and every ~he s~ipula~ions, ag~eements, cond~tions and tove~ams of sa,d promissory nofe and ~h~s mortgage any w either are not iuly, promptly and iully performed, d~uharged, execu~ed~ eifected, completed, compl~ed with and ab~ded 5y, then in e+~her w any such event the :a~d ag gregate sum mentioned in said promissory note then remaining unpaid, with interesl acuued, and all moneys secured hereby, shali betome due and pay- ab;e forthwith, or thereafter, at the option of aaid AiORTGAGEE, as fully and completely as ii all of the said sums of money were ongina+ly st~pulated to be pa;d on s~,ch d~y, anything in sa:d prom~ssory nofe or in tbis Mortgage ro the co~trary oot,~v~thstand.ng; and the~eupon w thereafee~ at the opt~on of sa~d MORTGAGEE, ~n~thout nonce or demand, su~t at law or in eq~ity, therefore or thereai~er begun, may be prosecuted a: if all moneys secured hereby h;d matured pnw to ds institutlon. 7. That in the event thaf at ~he beginn~ng of or at any time pending any suit upon thts Mo~tgage, w to foretlose it, or to reform i~, or to enforce payme~t of any claims hereunder, said MORTGAGfE shali apply to the Court having jurisd~ct~o~ tf~ereoi iar the appointmenl of a Receiver,~such Cov~t shafl fcrthwith appoint a ~eceiver of said mortgaged property all and singvla~, intlud~ng aU and singular ~he ir.conie, prof~ts, issues and revenues from whalever sou+ce derived, each and every of wh~ch, it being expressty understood, is hereby mortgaged as if spec~fically set forth and deuribed in the granting and h~txnd~m clauses hereof, and such Receiver shall have alt the broad and effective funct~ons and powers in anywise entrusted by a Cou.t to a Receiver, and s, ch appointmenf shall be made by svch Court as an admitted equity and a mauer of absotute right to said MQRiGs1GEE, and without reference to the adequacy or inadequacy of the value of the properry mongaged or to the so.vency or insowency of said MORiGAGOR w the defendants, artd that such ren~s, profits, incane, issues and revenues shall be applied by such Receiver accord~ng to the tien or equity of said MORIGAGFE and the prattice of such Cou?1. 8. To dvly, prompt;y and fully perfo.m, d~scharge, rxecute, effect, complete, comply with and abide by each and every the stipulations, agreements, condilions arxl covenants ~n sa~d promisso:y note and th~s mortgage set fwth. 9. That in the event the owne~ship of the mortgaged premises, or any part thcreof, becomes vested ir: a pe~son ofhe~ fhan the MORTGACaflR, the •".'ORTGAGEE, its successors ar.d assigns, may, without netice to the MORTGAOR, deal with such successor or successw in interest with reference to this mortgage and the debt hereby secured in the same manner as with Mortgagor without in any way vit~ating or d:scharging the RRortgagors' liabilify here~ under or u~on the debt he~eby sec~red. No sale of rhe prem,ses hereby mortgaged ar.d no forbearance on the part of the IJIORTGAGEE or its succesw~s or assigns and no extension of the time for the payment of the debt hereby secured give~ by the h10RTGAGEE or its successors or assigns, ahall operate to reiease, d~xharge, modify change or affect the original liab~tity of the ARORiGAGOR herein, either in whole or in pan. 10. It is speufically agreed that time is of the essence of th7s conrrac~ and that no waiver of any obltgaf~on hereunder or of the obligation se- cured hereby sha!1 at any time.thereafter be heid to he a waiver of the terms hereof or of the instrument setured herby. I 1. In a~d,t~on ta the foregc'~,g montnly payments of princ pal and interest requ~red by the prom~sscry note s~~cu.ed heieby, mortgagor covenants and agrces to pay to mo:tgagee v~ith each mo~thiy pay~nent an edd~rional sum est~n:ared by mo.tgagee to be equaf so 1~ 12 of th~ annual wst of the foltow- ~~ig: A-All real property taxes levied or assessed agai•,st the above described real estate. B-Prem~u~rs on f~re and w~r.dstorm insurarce as hereir. requ;red to be carried on the improveme~ts s~tuate on the above described premises. C-Premiums on such mortgege guaranty insurar,ce as mortgagee shall from rme to rirne deem fit to carry on the loan sec~red hereby. ldortgagc~ shail from t;me ro fime notify mortgagor in wriring pf the amount due and payable hereundrr and such surn shail thereupon be due and ;~ya6!e on the due date of the next momh!y payment an~ each successive month thereait~r ur.til mortgagee shaR not~fy mortgagor of a change in such ,~:ount. Such sums sFa:i be appfizd by mortgagee toward the payment of reai propeny taxes, insurance prem:ums, and mortgage guaranty insurance ,r• emiums. IN \~ITNESS `NHER'cOF, the sa~d MORTGACn'~R has fiereunto set h~s hand and scal the day and year first afoyqsaid. n d, Sealed and de!' re ' the presence of: - ~~f~~ r~~i'~ - ~G ~~L~C%G- ~~4 (sesp _ G. B. Walters ts~an _ ~ / '~Seaq ' _ Alliece Walters ~~a~ STATE OF FlORIOA ` couNnr oF St. Lucie j~ Before me personally appeared G• B• Walters a~ a111@Ce walters his wife, to me well known and k~own to me to be the ind;viduals descr;bed in and who executed the (oregoing instrument, and acknowledged before me that they executed the same fw the purposes rheroin expressed. And the said~~l@Ce walters w~fe of the sa~d G• B. walters upon a separste and private examination by me taken separate and apart from her said husband, acknowledged to and before me that she executed said insrrument freely and voluo- ranly and w;lhout any comp~)sion, constraint, apprehension, or fear of or from her said husband. WlTNE55 my hand and official seal th~s ~ ~ f h day of A,~ D. 1972 1 - Notary PubGc in and for the ~t of Fbrida ~aJ .Urge My Commission expires: ; ~ ~ ~ • Return To: ' ~ ~ r ` : first Federal Savings S loan Associat~on tiQTARY P(~IC, Sf~9~~ itlOAat IARGE Of Fort P~er.e_ fiY CO!.ih!1~5(~t~ f7lPlftE$~EP7: '~j. 19~5 Fort Pie:ce, flor~d~ bJR^_C(~ uy Atncl~~,dankers Insudnee ~.o. This Instrument Prepared By : Gary F. Ell~?ood First Federal Savings 8 Loan Association 1L`E0 AND ItE6~R~DE ~ - of Fort Pierce ~ Flor ida 33450 ~T' p0 Ea POITR~Ai ~ ~ ' CLEIIK ClRCUIT COURT ~ Checked By q~CORO VERIFIED o R i1 3 es PH'?Z ' ~coK 2~~ PaCf O 233199 ~ _ ~ i~ ~ `~-~s~ ` .~.a _ _ ~ ~ - . _ _ ~ -...~k ki=:~ ~