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Home My WebLink About2794 . 3. To ptace and cominuously keep on the bui!dings now or hereafter ~~luate o~ said land and on alt equipment and personally covered by fhis mor ege, w:th all p~emiurns tl~ereon pa;d in fuil, fi~e insurence in ~he usual standard potity form, in a sum approved by tne MORiGAGEE, and windsto i ~nsurance in ihQ usual s~andard pol~ty form, in a~um approved by iha MORTGAGEE, in tuch tompany or to~npanies ss 1he l~10RTGAGEE m d~iec~; and all Fire and w~ndetorm inwrance potic~es on any of sa~d build~ng~, any in~eres~ therein oi pa~t Ihereof, in the aggregate sum alwesa~d fn excess the~eof, shall conra;n the usual standard mortgagee tlause a such other ciause as Ihe Mortgagee may reqwro, making ~he ioss unde~ said po c~es, each and eve.y, payable to said MORTGAGEE as its iroeresr may appear, and each ar~d eve~y such potccy shall be promptly ass g~ed and de~~~ered i any held 5y sa~d h10RlGAGEE as (unhe~ security to taid mongage debt, and, not less than ten (10) days in advance ol the expiration of each pol~cy, to d~ I~ver ro said MORTGnGEE a renewal the~eof, together with a rece~pt for the premium ot such renewal; and ~here shall be no fire o~ windstorm insura~c placed on any of said build~ngs, any interest there~n or part thereof, unless in the form and wifh the loss payable as afweuid; and in the evenf any sun i of money beco~~~es payable unde~ such policy w policies said MORTGAGE'e shall have the opt~oo to receive and appty the same on atcount of the indebted ~ n_ss secu~ed he~eby O~ lo permit said MORTGAGORS to reeeive and us! it or dny part the:eof for other purp~ses, w~thOUf th_iru~ w~iving Or unpair ~~g any equ+ty, t;en or righf under a by virtue of thia mo::gage; and in the event sa:d MORTGAGORS shafl for a~y reaso~ fail to keep the sa~d premisrs so insured, or fail to det~ver promptly any of said pol~cies of insurance to sa~d MORTGAGEE, or fail p~omp~ly 1o pay fuity any pre~»ium therefor w in any # rrapect (ait to perform, di:cha~ge, execute, effect, complete, comply wirh and abtde by this covenant, or any par~ hareof, said MORT^,AGEE may place a~.d ~ pay for such insur.~nce or any part thereof without waiving w affeding any option, lien, eq~ity, or right under or by virtue of this Mortgage, and the ~ f~ll amount of each and e.ery such payment shal~ be immediately due and payable and shall bear interest l~om the data thereof unril paid at the rate ol ~ ~~~nc per cent~m per annum and to~r~her with suth intero~t shali be secured by the lien ot this matgage. ~ 1. To permit, commit or suffe? no waste, impairment a deterio~ation of said property w any part thereof. Z 5. To pay all and singula~ ~he cos?s, charges and expenses, including a reasonable attwney's fee a~d cos~s of abstracts of title, incurred o? paid st ,~y +ime by said MORiGAG:E, because ot in the evem oi the failure on rhe part of rhe said MORTGPGOR to duly, promptly and fully pe~fprm, discharge. i _¦ecufe, efiea, Co~npl@t@, comply w~th ~nd ab:de by each a~d every the stipulat~ons, agreements, conditions, and covenants of sa~d p:omissory note and ~h~i ,-orrgage any or either, and sa:d costs, charges and expenses, eatA and every, shall be immediately due and payabte; whether ar not there be not;ce da ~ n,and, atternpt ~o coitect or suit pend;ng; and the full amount of each and every such paymem shall bear iroerest from 1he date thereol until paid at the ~.:tc uj nine per crnt~m ~r an~~urn; arx! all said costs, charges and expenses incurred or paid, logether with such interest, shall be secured by the tien ot th:s mortgagC. ; 6. Thaf (a) in the event of any breach of this Matgage or default on the part of the MORTGAGOR, w(b) in the event any of said sums of money ~ h~~rein referred to be nat pro~nptly and fully paid within thirty (30) days next after the same severatly become due and payabfe, without demand or notice, ~ cr ~c) in ~he event each and every ~he stiputations, agreements, condirions and covenants of sa;d promissoay nore and th~s mortgage any or either are nol i~ly, promptly and fully performed, d:xharged, ezecu~ed, effected, cwnpteted, complied with and abided 9y, then in either w a~y such event the said ag ~rrgate sum mennoned in said prort~issory note then remaioing unpaid, with interest aarued, and all moneys se:ured hereby, shall become due and pay- ab:a forthwith, or the~eafter, at the oprion of said MORiGAGEE, as fully and completely as if all of the said sums of money were originally stipulated re be pa!d on such day, anything in sa:d promissory note or in this Mortgage to the contrary notwithstanding; and Ihereupon or thereafter at the option of s,~d MORTGAGEE, without notice w demand, suit at iaw w in equity, therefore or thereafter begun, may be prosetuted as if all moneys secured hereby n:~d matuted pnor to ns instituhon. ~ 7. That in the event thal at ihe be inni oi or at an time i 9" ~+g y pending any su~t upon this Mortgage, or to fweclose it, or to reform it, or to enforce Fayment of any ciaims hereunder, said MORTGAGEE shatl appty to the Court having jurisdiction thereof for the appointr»ent of a Receive?, such Court shall tc:±h,vith appoint a receiver of said mortgaged property al! and singular, includmg ali and s~ngutar fhe income, prof~ts, issues and revenues from whatever s, ~rce derived. each and every of wh~ch, it being expressly understood, is hereby mortgaged as if speufically set forth and deuribed in Ihe g?anting and h,^endum clauses herrof, artd suth Reteiver sball have all the broad and effective funct~ons and powers in anywise entrusted by a Court to a Receiver, and i s.ch appoinrrrent shall be made by such Court as an admitted equity and a matter oi absolute right to said MORTGAGEE, and withoul reierence ro the ~ a:i~~quacy or inadeq~acy of ~he value of the property matgaged or to the so~vency or inso~ver~cy of sa~d MORTGAGOR p the defendants, and that such ~ r~~ ~rs, profiu, inco.ne, rswes and revenues shall be appGed by such Receiver accordmg to the lien or equity of said MORTGAGEE and the practice of tuch Court. 8. To du!y, promptiy and fully perfo~m, discharge, execute, effect, comptete, comply with and abide by each and every the stipulatio~s, agrrements, cond,uons and covenants in said promissory ~ote and this mortgage set. fwth. 9_ That in the event the ownership of the mortgaged premises, or any part ihereof, becomes vested in a person other than the MORTGAGOR, the '.'•~RTGAGEE, its s~ccessors and ass~gns, may, wifhout notice to the MORTGAOR, deal with such successa or successo~ in interest with reference to this ~ ~~:orfqage and rhe d_ut he~eby secured in the same manner as with Mortgagor w~thout in any way vitiatiog or discharging the Mortgagon' liability hero- u~der or upon the drbt hereby secured. No sale of the Fremises hereby mortgaged and no forbearance on the part of the MORTGAGEE w its sutcessors cr assigns ard no exte~s~on of the rime tor the payment of the debt hereby secured given by ti~e MORTGAGEE or its sutcessors or assig~s, a~.all operate to re,ease, d~scharge, modify change or aFfect the original tiab~lity of the MORTGAGOR herei~, either in whole w in parf. 10. It is speufically agreed that time is of the essence of this contract and that no waiver of any obligation hereunder or of the obligatan se- c~r~d hereby shaU at any time thereafter be held to be a waiver of the terms hereof w of the instrument secured herby. I 1. in dJC{ ftGl to the fwego:ng mo~th~y paym~nrs of princ'pal and inferest iequ+~ed by the promissory no!e secured hereby, mortgagor covenants ~~d agrees to pa~ to ~.;ortgagee v~irh each monthiy pay~.~ent an add~rional sum est~niated by mortg~gee to be equal to 1 j 12 of the annua) cost of the follow- 3. A-s111 rEal property ta:as Ievied or assessed agai~st the above dexribed reat esrate. B-'P!~'n:~J~i1i on fere and windstorm inw~ar,te as herein requ:red to 6e carried on the ~mprovemeats sit~ate on the above destribed premises. f C-Pre~,~w,r.s on such mortyage guaranty ir.sura~~ce as mortgagee shall from t~me to time deem fit to tarry on the loan secured hereby. Rlortgagce stia!I from time ro t~rne notify mongagor in writ~ng of the amouN due and payable hereundrr and such sum shall thereuRon be due and ~?vob~e on the dur dare of rhe nexr month!~ payment and each svccessive month thereafter ur.til mortgagee shall rwtify mortgagor of a change in such :.ovnt. Such zu~ns sFa.l be app:ied by mortgagee toward the payment of real property tazes, insurance p~em;ums, a~id morigage guaranty insurance :-•'emiums. ~ IN t'11TT~ESS "JHER~OF, e said ~pRTGAGOR has hereunto set h;s hand and seal the day and ytar first afw id. S' n,, al , detiver in the esence of: r' ~ ~ W ~ ' ~~an ~ SoP et s n . cs~an ~ ~ (Sesq f Elly P ersen ~~a~~ ~ SiATE OF FLORIDA ~ ~•7UFJTY OF St. Lucie } ~ Before me personally appeared SOp~111S Petersen, .)Y'. a~ ~ _ El1Y Petersen his wife, to me well known and known to me to be ~ the individuais described in and who executed the foregang insfrumeM, and acknow{eckjed befwe me that they execute~ the ~~..for, the purposes ; i nc~rein expressed. And the :a~d_ Elly Petersen ~ ~ e of the ~a~d __~o~t?us Petersen~ .JZ - ~ ' ~ f dpn • b ~ xpa'ratp'~t1tl ~rblt! .~.aminat~on by me ta4en separate and apaA from her said husba~d, acknowledged to and befwe me that she exec,v,~id iaid 'Matru~r~nt freelyprid v~lwr ra•~iy and w~thout any compulsion, constraini, appreh•n~~n, or fear of o~ from hcr uid husband. . Y: . lJ". r"~~ - YJiTNESS my hand and official seal thi~_ ~ day of All 11S t '1 ~ .l' ~p. i ~ J 2.' - Not ry Public in and r• e Stat~ of -Fbride ,d~llrqer My Commission expires: ~ • • ' ~ Retum To: J { ( ' JItjIC f First federal Savings 3 Loan Associat~on ~ ~ ~~~r~~~~.,.,..,. Of Fvrt P erce. Fo•t Pi:rce. Flor;da . i~.~~~ C~4~~;a This Instrument Prepared By ; Gary F. Ellwood OIERK Ci IT CQ11A~ ~ F~rst Federal Savings & Loan Association R~COR4 ~P~RI~O..~,. of Fart P~ercq Florida 3345C? II~ 1~ oi PM ~~T Checked 8y ~ ~ 234816 ` ; . BUOK ~O4 PA6f 27~ f - - - ` - - - - _ u ~ ~ ~ ~ ~ .,'~rr^-~:+-s ~ ~ _ . _