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Home My WebLink About0724 3. To place and continuously keep on 1he bui'dings now or hereatrer fituate on said ~and and on al1 equip~nent and personaliy tove~ed by this ma age, w~th all premiu:ns thereon pa:d ~n full, fire insvrance in the usua: standard po'icy (orm, in a sum aHproved by the MOR~GaGEE, and windsso ~nsurance in ~hr usual standard pol:cy form, in a s~m approved by the MORTGAGEE, in such company or co~panies as ~he MORTGAGEE m duea; and all (ire ar,d w~ndsiorm in:urar.ce po~k;es on any of sa~d buitdm9s, any inlerest ~her~in or pa~t thereof, in the s99~ega~e sum aforesaid in excess the~eof, shall cont,,in the usual standard mortgagee clause or such other tlause as the Mortgagee may requ~ro, making the b~t undar sa~d Fo ros, each and every. payab!e to said MORTGAGEE as its imeresl may appear, and each and eve~y such po!~cy shai! be promptly ass gncd and de~ivered ~ any held by sa~d t.!OR(GAGEE as (ur~her security to said mortgage debr, and, ~o~ less Ihan ten (101 days in ad~ance of the expirat~on of each policy, to d~ I.~er to sa~d MORiGAGEE a renewal thereof, togaher wiih a rece~pt (w the premium o( such renewaf; and the~e shall be no i~re o~ windsto~m insurenc placed on any of said bvifd~~e9s, a~y interest therein w part thereof, unless in the form and w~th tha ~oss payable as a~aessid; and in the event any sun of money beco~nes payable under s~ch poliq w policies said MORTGAGEE shall have ~he optlon ~o reca~ve and apply the same on account ot the indebted n~ss sew~ed hereby o~ to petmil said MORTGAGORS to receive ant~ use if W any pa~t th?reol for otnrr HwEosrs. ~•~~thout th=rau~ woivin~ C~ nnpdir ~ng any equ~ty, lien o~ r~ght under a by virtue of this mor!gage; and in the event sa~d MORTGAGORS shall fa any rcason fail fo keeo the sa~d premises so (nsured, or fail to deliver pro~nptly any of said po~ities ol insurance to said MORTGAGEE, or fai! promptly to pay fuily any pre~~~~~m therefor or i~ a~y respect fait ~o pe~form, d~scha~ge, eaecute, effecr, complete, co:nply wi~h and abide by thls cove~am, or any part hareoi, said MORTGAGEE may p~ace a•~tl pay for :uch insurence or any part thereof wi~hovt waiving w affecting any opt~on, lien, equ~ty, o~ r~gh~ under w by virtue of th~s Mo~tgage, and the f;,ll amount of each and every such payment shall be immediately due and payable and shall bea~ interest irom the date thereof until paid at the rate of ~~ne prr centum per a:mum and to~ethar with such iNerest shaii be secured by the lien of thi3 mortgage. J. To pe~mit, commit or suffer no waste, impairment w deterioration of said property o? any part the?eof. ' S. To pay ail and s~ngutar tF.e costs, charges and expenses, including a reasonable attorney's fee a~d costs of abstracts of title, incuned or pa~d at ~ny fi~,:e by sa~d MORiGAG:E, because or in the eveN of the failure on the part of the said MORTGAGOR fo duly, p~omptly and fully per(orm, discharge. _~+rcute, efiect, comp:ete, comply wuh and ab:de by each and every 1he stipulatrons, agreements, conditions, and covenaros of said promissory note and this ,.ortgage any or e;fher, and sa:d costs, charges and expenses, each and every, shall be i~nmed~atety due and payable; whether or not ?here be no~~ce d~ ri~nd, atten~pt to caliect or suit pend~ng; and the full amount of each and every such payment s~atl bear intcrest from the date d~reof until paid at the o~ n~ne pe~ c~~r.su~n E:er annu~; and alt said costs, charges and expenses incurred or paid, together wah such interest, shall be secured by the lie~ of thi~ mottgage. A. 7hat (a) in the event of any breach of this Mortgage or default on the part of the MORTGAGOR, or (b) in the evenf any of sa:d sums of money F,~ rein referr:d to be not pro,npt~y and fully paid within th~rry (30) days nexi aiter the same severa:ly become due and payabte, without demand or notice, er (cy in the event each and every ~he slipulations, agreements, conditions and covenants of sa;d promissory note and th~s mortgage a~y or either are not i~iy, prompNy and fuily performed, d~scharged, ezec~ted, effected, canpleted, complied with and ab~ded by, then in e~ther w any such event the said ag qr~~gate sum menLOned in s3id promissory note then remaining unpaid, with intere~t accrued, and all moneys secured hereby, shall become due and pay- ~:1 e for~hw~rh, or thereafrer, at ~he opr~on of sa~d MORiGAGEE, as fully and completely as if all of the sa~d sums of money were a~ginaily st~pulated ro be pa~d on wch day, a~yth~ng in sa:d prom~ssory note or in this Alortgage to the contra.y notwi~hs~anding; and thereupon w thereafter a~ the opt~on of z, d h10RTGAGEE, w~rhout not~ce or demand, suit at law o~ in equity, therefore or thereaiter begun, may be prosetuted ss if all moneys secured hereby n_d inatured pr~w to its institution. 7. That in the event that at the begic,ning of or at any time pending any suit upon this Mo.fgage, w to fareclose it, w fo refo+m it, or to enforce ;.~rment of any claims hereunder, said 11.ORTGAGEE shall apply to the Court having jur~sd~ct:on thereof for the appo~ntment of a Receiver, such Court shail ~hwith appo~m a receiver of sa~d mortgaged property all and singufar, includ~ng a!I and singular the income, pro(its, issues and revenues from whatever ;~ce dcrived. each and every of wh]ch, it beirtg expressly understood, is hereby morrgaged as if spec~fically set forth and described in the g~aming a~d :endum clauses hereof, and such Receiver shall have all the broad and effective funct,ons and powers in anywize e~trusted by a Court to a Receiver, and ..h appuintment~shall be made by such Court as an admitted rquity and a matter of absol~~~e right to said MORiGAGEE, and without reference to the ; ryv>cy or inadeq~acy of the value of ~he properry mortgaged or to the so~vency or ~nsolvency of said ktORiGAGOR or the defendants, and that such ~s, profits, income, ~ssues a~d revenues shall be app~ied by such Receiver accord~ng to the lien or equity of said MORTGAGEE and the pracrice of such i G~urt. ! B. To du!y, prompfly and fully perform, dlscharge, execute, effect, complete, comply with and abide by each and every the stipulations, agreements, ~ d~uens and covenants in sa~d promissory note and this nortgage set forth. 9. That in the event the ownership of ~he mortgaged premises, or any part thereof, becomes vested in a perwn other iha~ the MORTGAGOR, the '~RTGAGEE, its successors and assfgns, may, without notice to the ktORTGAOR, deal with such s~ccessor or svccessor in interest with reierence ro th:s o•tgagc and thc deot hereby sxured in the same manner as with Mortgagor without in any way vitiating or d~schargi~g the Mortgagors' liability here- ier or upon th> debt hereby sec~red. No sale of the premises hereby mortgaged and no forbearance on the part of the MORTGAGEE or its successors ass~gns and ro e~tens~on oF the time for the paymem of ?he deb+ hereby secured given by the MORTGAGEE or its successors or ass:gns, a~~all operate c re~ease, d~scharge, modify change or affect the original liab~lity of the MORTGAGOR herein, either in whole or in pa~t. 10. It is speufically agreed that time is of the esse~ce of this contract and that no waiver of any obligation he~eunder or of the ob!igation se- c:,red hereby shai~ at any time thereafter be hefd to be a waiver of the termf hereof o~ of the instrumeM secwed herby. 11. In ,;cid t:cr: to the Fore9e ng momhly paym.enrs of princ ~al and inrerest requ~red by the prom,sscry no!e secured hereby, mortgagor covenants ~ d,,g ~,es to pa~• to n,ortgagee v~ith each monthly pay~.~ent an add,~ional sum est~n:ated 6~ mortgagee to be egual to 1;12 of the annual cost of the follow- ' A-A'! real Frop^rty ta,cas levied w assessrd agai•~st thc above described real estate. ~ 6 Pr ~:,.,,~:.s c~ ive and windsto:m insurar,ce as here~n requ:red to be carried on the ~mprovements situate on the above d~scribed premises. i C-P.r~~~:,ros o~ such mortgage guaranty ir.surar:ce as martgagee shalt from tme to time deem fit to carry on the loan secured hereby. j 6tortgsgce s4~a'f j.cm nme to t~~e not~fy mortgag~r in writ~~g of the amou~t due and payabte here~ndrr and such sum shall thereupon be dve and ~ :E;'e on thr due dvte of the ~~ext month!y paym.ent and eath sutcessive month thereafter ur,til mortgagee Shall notify mortgagor of a change in such ~ _.,~nt. S~.h sums s6a:i be aµpiied by mortgagee toward the payment of reaI property taxes, insura~xe prem:ums, a~id mortgage guaraMy insurance ~:~~ms. ~ IN YlITNESS `:JHEP.EOF, the said MORTGAGOR has hereunto set his hand and seal the day and year first aforesaid. ;gned, Sealed nd defiver uti the presencp of: ` ~ - a4 . jll~lll.l3I11 w - $2'8}1 an i - C'Qti~.~Qh.~ _ aq ~ - Margar W. Graham ~a~~ ~ ~".TE OF fLORIDA ~ _ St Lucie ~ ~'J'JTY Of • 1 Before me personally appeared an?. W Graham and Margaret W. Graham his wife, to me well known and known to me to be ; ~:~d~viduais described in and wFio executed the foregoing instrument, and atknowledged before me that they ezecuted the same fw the purposes ; rc•ein expressed. And the :a~d_ Mar~aret W. Graham e of the sa~d kT111.18II1 Tli~. GI`2h8Iq - upon~,A sep~.~te, and pr~vste ~>~n na~~on by me taAen separate and apart from her said husband, atknowledged to and before me that she executed said i ot• freely apd vOlu4- y and w:thout any compulsion, constraint, apprehension, fear of or from hel said husband. V ~ WlTNES$ my hand and off~c~al seal this- day of A uSt • A.~D. 19' Z2 ~a . . ' ~ r ~ ~ _ ~ • ary Public in a for the Qf F~ ~ds !f Larye = Comm~ssion expiros: h0 . S •Y ' . .".'~R"at (,.1RGE ' y Return To: ' ~ ' ~ . ~ ~ MY CO . R, r;' Y9, 1975 ~ F~nt Federal Savings 3 loan Association BonOed ic.". n.,. .;`,~..pr,~¢rs. Of iort P c;ce ` ~ort Pieree~, ficrida ~ , i ~ ~ ~ FIIE~ AN~ QECOaDEO • , ~ ' ~ Ej•lUC1E COUMj~ f~A. iIGCEn P~ItR?5 - CIERK G1~+~11iT COURT { This tnstrument Prepared By: Richard K. Kayes ~En~~~E4 ' ~ First Federai Savings 8 Loan Association pfCOiiC ~ of Fort Pierce Florida 33~5~ 1[ ~ 31 l~+, ~ ~j 1 Y . ~ S ~h~~k~d BY 235494 ~ gao~2(I~ P~ ?24 # ; cln) `4~' ~'l..Ta..a, _ y.. . ~ i _ ~ _e. , . .r.. . _ . _ ~ v b e6`v.,~~