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Home My WebLink About2134 To p'ec~ ard continuous~y keep on the bui:d~ngs now or hereaiter fituate on sa~d land and on ali equipment and perso~alty covered by thii ma a~e, w~rh all pren~~v~ns ~hrreon p~:d m full, fire insurance in the usual standud pol~cy form, in a sum aFp~oved by Ihe MOR~uaGEE, and windeto ~nsuran:e in thr vsual standard pol,cy iorm, in a sum approvrd by the AhORTGAGEE, in such company or co~npames as 1he MORTGAGEE m d~r~u; ancl all (ire and w~ndsrorm inw~ance polic:es on a~iy of sa~d build~ngs, any intarest therein or pa~t thereo(, in the agg~e9afe w~~ aforesaid In eacess ~hereoF, slwll ~ontain ~he usual s~ar.d~~d mo~tgagze c!au~e or such other tlause as Ihe Mortgagee may requ.re, ma?ing the ioss undr~ srd po c,as, each and .:very, pay~~!e ro sa~d A1pRTGAGEE as ns intcrest may appear, a~x! each and every such po:~cy sha~l be prompt!Y assgnrd a~~d de~~vered s a~,y held by ia~d A;ORSGAGEE as fur~her ~ec~rity to sald n:or~gage d•.bt, and, not less ~han ten (10) days in ad~a~~ce of the expira~~on ol each po:~cy, to d~ ~,ver to s~~d h1pRiG%1GEE a renewal thereof, ~ogeihar with a rece~pt for the p~emium of such renewal; and there shall be no f~re or winds~onn ir.s~ranc placed on any of sa~d b:,i!dings, any intarest therein or pa~t thereof, un;esa in ~he fo~m and with the loss payable as aioreia~d; and in the event any sun oi maney 6ecomes payable under such policy or po6cies said MORIGAGEE shall have ~he opt~on Io receive and app!y tlir same o~ account o( Ihe inJabtrd n~s: secwrd hareby or ro perrn~t sa~d MORTGAGORS 10 ~rceive and use it a any pa~t the:rof ier o:hrr pur;•os..~s, v..~i,o~t ih,~. ~i .v..~.~ }3 cr ~~~.P..~' ~ny ony equ~ry, lien w riqht under or by virWe of this mo:•gage; and in the evenl sa:d MORTGAGORS shall fo? any reason fail to krep ~he sa~d p~em~ses so '~,wr..~d, o~ fa~l to dclivcr promptly any of said po~~eics ol insurance to sald MORTGAGEE, or fail p:omptly to pay f~~ty any pr,;n,~u:n thcrefor o~ in any ~esp~ct fail to pe.form, d~scharge, ex~uta, effect, completa, comply wi~h and abide by th~s covenant, or any part hareof, s:~id MGRTvAGEE may piace a~~d ~ ai for wch inwrancr or any parl the.eof without waiving or affec?ing any op~~on, lib~, eqvity, or ngM under or by virtue of this Mortgage, and the f~ll amo~nt of each and e~ery such payment shall be im~nediatrly d~e and payab:e and shall bear interest irom tha date thereof until p~id at the rate o1 ~~.r prr cenrum per ann~,:n ond tagrthrr with s~ch interest shali be se<ured by the lien o( this mortgage. d. To permit, comn,it or svffar no waste, impairment or deterioratio~ of sa~d prope~ty w a~y part thereof. S. To pay all and singular tFw costs, charges and expenses, ~ncluding a reasonabte attwney's fee and costs of abstracts of titie, incurred or pa~d at ~~,v n~t.e by sa~d MORiGAGEE, because w in ihe event of ~he failure on the part of ~he said MORTGAGOR to duly, promptly and futly perform, d~scharge. ..~c~te, effett, canp:ete, tomply woh and ab:de by eath and every the st+pulanons, agree+nents, tonditions, and tovenann of said promissory note and this _ o•ryage any or e~~her, and sa d costs, charges and expenses, each and eve?y, shall be immediately due a~d payable; wFM ther or not there be ~otice d> .,~,d, atte~npt ro coltect or wit pend~ng; and the full anauro of each and e~ery such paymeN shall bea~ inrerest from the date thereof until paid at the o~ n~~~e uer c..~nsu~n F,er an~~~:n; ,;n~ ull said costs, charges and expenses irxurred or paid, together wuh such iroerest, shall be secured by the Gen of th~~ ~,ortgage. 6. That (a) in the event oi any b~each of this Morlgage or default on tF~ part of the MORTGAGOR, or ;b) in the event any of sa:d sums of money ~<-~~,in ~ef~rred to be not prar•ptiy and fully paid within thuty (30) days next after the same severa!:y bxome due and payable, without demand or notice, :r ;c) in ~ha e~em each and every ~he stipulatlons, agreements, cond~tions and covenants of sa•d promissory ~ote a~~d th~s morlgage any o~ either are not i~:y, pro~nptly and futly performed, d~scharged, executed, effected, completed, compGed with and abided Sy, then in either w any such eveN the sa~d ag •.,3a!e sum ment~~ned in said promi;swy note theo remaining unpa~d, with intere,t accrued, and aU moneys secured hereby, shall become due and pay- a forth,v~th, or ~hereafrer, at the option of said MORTGAGEE, as (ully and completely as if ail of the said sums of money were onginatly st~pulated J ~e pa.d on such day, a~ything in sa:d prom~ssory note or in this Mwtgage to the conrrary notwithstand~ng; and tFH:reupon or thereafter at the opt~on o( t, f10RTGAGEE, w~thout notke o~ demand, suil at law or in equ~ty, therefore or thereafrer begu~, may be prosecuted as if all moneys sewred hereby c.:d manred pnor t0 ~ts ~nstitut~On_ 7. Thar in ti,e event that at the beginn~ng of w at any time pending any sv~t upon t1,is Mo~tgage, w to foreclose it, or to reform it, or to enforte :~~yment oF any c~.+~~ns hereunder, said 1dORTGAGEE sha:l appty to the Court having ryr~sd6ction thereof for the appo~Nment of a Receiver, such Court shail i~.;~hwi~h appcmt a receiver of said r.:ortgaged property all and singu~ar, indud:ng aU and singular the income, profns, issues and revenues irom whatever s-_~~ce drrived, eech ar.d every of .vh~ch, it be~ng expressly understood, is hereby mortgaged as if speufica~ty set forth and described in the g~anting and r,::end~m c,auses hcrcof, ar.d wch Recriver sha11 have all ~he broad and effecrive f~nr..o~~s and powers in anywise entrusted by a Court to a Recziver, and ch appo~nm,ent shait be made by such Court as an ad:nitred equity and a matter of absolute right to said MORTGAGEE, a~d without re(erence to the ~.:[_y~acy or InadeGvacy o4 the value of the property mortgaged or to the soivNncy or•ir,so~vency o! said MORiGAGOR or the defendants, and that such -,rs, profrts, incane, rssues and revenues shail be applied by such Receive~ accord~ng ~o the tien or eqvity of said MORTGAGEE and the practice of such Court. 8. To du!y, prompt:y and f~lty periorm, discha~ge, execute, effect, comptete, comply with and abide by each and every the stipulations, agreements, ..;dir~ons a~d co~enams m sa~d promissory nore and this mortgage set forth. 9. That in the event the ownership of the mortgaged premises, or any part thc~eof, becomes vested in a person other than the MORTGAGOR, the •.:JRiGAGEE, ~ts successors and assigns, may, without not;ce to the MORTGAOR, deal with svch successa w successw i~ interest with refere~ce to this o~~gagr ar.d ~he deuf he~eby secured in the same manner as with lAortgagor without in any way vitiating or d~xharging the Mortgagors' liability here- der or upon rhe debt hereby se.~red. No sale of !he premises hereby mo~tgaged ar.d no forbearance on the part oi the MORiGAGEE e: its successors cr ass~gns and no exrens~on of the time fw the paymem of the debt hereby secured given by the MORTGAGEE or itf successors or ass:gns, a~iall operate to re!ease, d,scharge, modify change or affect the orig~nal IiabJ;ry of the M~RTt'iAGOR herein, either in whole or in part. 10. It is speuficatly ag.eed that time is oi the eisence of this contract and that no waiver of any obligat~on hereunder or of the obligation se- cur=d hereby ahal~ ai any time thereaf~er be held Io be a waiver o4 the terms hereof w of the instrumem secured herby. I 1_ In a;;d r:o~ ~o tti: foregc ng month!y payments of princ pal and interesr requ~red by the prom:ss:,ry no!e secured hereb~, mortgagor covenants , agrees to pa; to n:o•taagee vyith each momhEy pay~,tent an add~rionai sum est,n~ated by mortgagee to be eq~al to 1, 12 oi t4e annuaf cost of the follow- A-AtI real f;rop^rTy taaes le•r.~~ or assessed agai•,st thc above desvibed rea) estate. i ' - ~ B F~:~; rz on f~re and windsiorm inswarce as here~n regu~red to be carried en the ~mproveme~ts s~tuate on the above described premises. i C-Prer,iums o~ such morfg;ge guaranty ir.suraace as mo~tgagee shall from t~me to time deem fit to carry on the loan secured hereby. ~ 1,lortgagee sh~ll 'rom r~n,e to time norffy mortgagor in wr]t~ng of the amou~t due and payable hereundrr and such sum shali thereupon be due and ~ ,.,6'e on th~ clve d~!e of the next monthiy payment and each successive month thereaiter uctil rtwrtgagee shall not~fy mortgagor of a change in such ~vn!. Such sums s~~ i be app'iad by mortgayee toward the payment of real property taxes, insurance prem.ums, and mortgage g~aranty insurance ! . ~~~~niums. E IN `:11TNE~S WHER~OF, the sa~d MORTGAGOR has hereunto set his hand a~d seal the day and r f' st aioreuid. ! Signed, Sealed and delivered in the presence af: ~ _ ' Seal) MitChell , Rech ~seal) ~ ~ (5ea~) . A. Ma rquer e ReCh ~s~aq -r- ~?:.iE OF FLORIDA ~ St . Lucie ~JU.'JTY OF ~ Befwe me personally appeared Mltehell E. ReC~I and A. Marguerite RQC~1 his wife, to me well known and known to me to be • ind~viduals de:cnbed in and who executed the fwegoing instrument, and acknowtedged before me that they executed the same for the purposes r'^.e•ein expressed. And the said A Marguerite Reeh :.:ie of the s"a;d _ M1tC~1611 E. R~t1 upon a separate and privats ~i:nation by me taken separate and apart from her said husband, acknowiedged to and before me that sfie executed said instrumen} voluh; ,y and wrtho~t any compulsion, constraint, appr ens:o , w fear of or from her said hus '.~2, ~Y(TNESS my hand and officSal seal this- day o . ~9-yT~;, ~ ' - . - Notary Public in and ior t ate of- ida 1t-~aar¢ ~ My Commisaion eapires: y;;,;:y;,~ , l.r~ ~~-`pyog Retum To: ~ S[61 '6l ~S~Cld7F3 ~ ,~'i ' liU.1 AY'1 ~ ~1:.: # ~ F:rst Federal Sav~~,gs d loan Associat~on ~~~!2/~~ 3~an~~ct~,yb~ j~~IC2S'~'~1i:b~,~y~'1pN VV i, ~ Of ~c,t P,:•e. ' --t~ f~~~~~li)tf',Flll~~~ 3t IARGf For: P~,rcc, Fier~~3 FILEO Rqp RECQRDED . ST. LUCiC COilNTY FU. ~ .:zf . _ C. 2 /S ROCEP 'r"v~TRAS dJ:~a`a "~tal lns:.:cr~cc Ur.,;~rwu:en. CLEqr. Ct~cC~tT COURT RFCOPn V~n-c;rn • - This Instrument Prepared By John W. Collins ' First Federai Savings & Loan Association A p ~u of Fcrt Pierce , Florida M~ ~ ~7 21 Nf'i ~f- ~ - ~t ~ Checked By ~f?" ~ t ~204 ~~1~3 ~ ~ , - , ~ : ~ ~ ~ ~~'~~~ti~~' _ ~ ~ ' _