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Home My WebLink About1398 3. To p:ace and con~inuously keep on the bui:dings now ot hereaher ~~tuate on sald tand a~d or, aC cqu~pment and personally covered by this mor ege, vy:~h all prerr,~~::,s ~h~•~eon pa.d m futl, li~e insurance ~n the usual staiEdard polity fo~m, in a sum approved by the MOR~G:.GEE, and windsto ,nsuranca in ~hr uswi st~ndurd pof ty form, in a s~m approved Ly thr MORTGAGEE, in such co~npany o~ tompan~es as the f.tORiGAGEE m d,~e:t; and all fire and w;ndsrorm insurance policies on any of sa~d build:~9s, aoy interest tnerein o~ part thrreof, in the agq~egare sum afaesaid in excess rh~~rcol, shall :ontain the uwal sfandard mortgagee ctaute or such o~her cfause as the Mo~tgagee may ~eqwre, making the ~oss undrr sa~d po ces, each and every, pay:,b'e to sa~d NOR'GAGfE as its interest may appear, and each and every Su[h po:~ty she11 be promptly dss gned and de~ivered s ar.y held 6~ sa~d t.~.OR!'vAGiE as further secwity ro said mo~tgage debt, and, not less than /en (10) days in ad+ance of ~he exp~ration of each policy, lo d~ ~,.er ~o s.~~d '~tORiGt,GEE a renewal thereof, toge~hrr N•ith a rece~pt for the prem~urn of such rene+~al; and ihere shall be no f,re or windsto~m insuranc p!acrd on any o1 sa~d 'ou~:d,~gs, a~y interest therein or part thereof, unless in the form and wnh the loss paya6le as a(oresaid; ar~d in the event any sun ot money bc-con,es payabie under such polity a pot~cies said MORTGAGEE shall have the opt~on to recaive and app!y the same a+ auoun~ o( the inda6t~d ~_~is securrd hrreby or to permit sa~d /dORiGAGORS to receive and use it or any part Ihe;~•of for o:h~ r ~.ur~ oscs. ~v~thcut th~.~ ui a~~.i r~ w~pair ~~y any equ~ty, Gen or rf9hi under or by virrue of this mp:~qage; and in the eve»t sald MORTGAGORS shatl :or any reason fail to kcep the said prem~ses so ,nsur~~c~, o~ fail to deliver p~omptly any of said po6cies of insurance to said MORTGAGEE, ot fai! promptty to pay fu~ty any pre~nium therefw or in any ~espect fail to pe.form, d~scharge, execute, effec~, canptete, co:npty with and abide by this covenant, o~ any parr hrreof, sa~d 1AORTvAGEE may piace a~.a pe,; for such insuf.~nce or any part thereof wnhout waiving or affecting any optioo, lien, equrty, or right ur,de~ w by virtue of this Mortg~ge, and the ~..'~i a~no~nt of each and every wch paymaM shall be immediately dve and payable and shall bear i~teresl from the date thercoi u~~ril p~~d af tne rate ot e ptr Ccni~m per a~inu~n and to3rth~~r w'ith such intcrest shaG !~e s,.~wred by the lien of this mOttgage. 4. To perrnit, commil w suffer no waste, impairment or deterioration ot said property or any part thereof. S. To pay all and s~ngular the costs, charges and expenses, including a reasonable attorney's fee and costs of abstracts of title, incurred or paid at t~~+.e by sa~d MORTGAG:E, because or in ~he event of the failure on the part of the said MORTGAGOR ro duty, promptiy and fuNy perlwm, d~scharge. _~;:ure, elfecr, canp;ere, co~nply w~th and ab:de by each and every the s~~pu~at~o~s, agreements, conditions, and cove~ants of said promissory note and ~his ~.or~goge any or e;eher, and sa:d costs, charges a~d expenses, each and every, shall be immediately due and payab:e; whether or not there be no~ice dz +~~d, attempt to coUett or svit pend~ng; and the lull amount of each and e~ery svch paymem shall bea~ interest from the date thereof until paid at the o+ ~une per c_r.:~rr~ Her an~w:~,; dn~ ail said costs, charges and expenses incurred or paid, together w~th such interest, ahatl be secured by the iien of th~s rnortgage. 6. That (a) in Ihe event of any breach of this Mortgage or defautt o~ the part of the MORiGAGOR, or (b) in the event any of sa:d sums of money !••~e~n referred to be not promptly and fully paid within th~rry (30) days next after the same sc•rcra'~y become,due and payable, without demand o~ notice, c1 in thr event each and every the stip~tations, a9reements, conditions a~d covenants of sa.d promissory note and th~s mortgage any o~ either are nof v, pro:n~tJy and fui;y perforneed, drsclurged, executed, effected, completed, compl~ed with and a6;ded 5y, then in e~ther or any such event the said ag 3a!e sum mentioned in said promissory note then remaining unpaid, with intere,T accrued, and ati mon~ys setured hereby, shall become due and pay- for~h.vnh, or thereafter, at the opt~on of sa:d h10RTGAGEf, as tutly and camplerely as if a!! of the said sums of money were or,ginally sGpulated b_~ pa d on such d.:~, anything in sa:d prom~ssory rtote or in this Mortgage ~o the comrary notwithstandi~g; and thereupon or the~eafter at the opfion of ,:f ~tORTGAGEE, w~thout nonce or demand, suit at law or in eq~ity, therefore o~ thereafeer begun, may.be.prosecv}ed as i( aU moneys secu:ed hereby c~ tnatureC~ E]t~Ot t0 QS iaSiiiWiOn, ' r . 7. That ;n the event ~hat at the beginning of ~ at any time pending any suit upo~-this ~J1or49ege, o~ to.:fdeclose it, or to refwm it, or to e~force : ~yment of any uaims hereundar, said MORTGAGEE shall apply to thg Co~n having jur~sdiaion thweot.ios the ap~wintmen~ of a Receivcv, such Court shait ~•h,•rith appo~nt a receiver of said morrgaged property all and s;ngular, incl~d:ng a;l ond singular Ihe income, proins, iswes and revenues from whate~er z.~-e der;~~d, euh ar,d every of wh:ch, it being exp:essly understood, is hereby mortgaged as if spec~ficaity sst fonh and described in Ihe granri~g and e=~d„•n c!a~~ses her,of, and wch Receiver shall have aq the br~ad and effective funu,ons a~d powers in anywise ent~usted by a Cou» to a Receiver, and a:;~ciname~~t ahafl 6c made by such Court as an admitted equity and a matter of absoiute ~~gM to said MORiGAGEE, and wirhout reference ro the ~cy o± inadaquacy of the va:ue of the properry mortgaqed or to the so,venty or insotvency of said MORFGAGOR o~ the defendants, and that such • prof;ts, incane, issues and revenues shai! be applied by suth Receiver acco~d,ng to the lien or equity of said IdORiGAGEE' and ~he practice of such Co~vt. 8. To du:y, prempt'y and fvfly perform, discharge, execute, effect, complete, cortiply with and abide by each~and every the stipuiations, agreements, ,d~Nons and covenaota ~n sa~d promissory note and th~s mp~tgage set forth. 9. 7har in the event the ownership oi the mortgaged prem;ses, or any part thereof, becomes vested in a person other than the MORTGAGOR, the :~RTGAGEE, its wccesson and ass~g~s, may, wi~ho~t nofice to the MORTGAOR, dea~ w~th such s~ccessor or sutcessor in iMerest wi~h reterence to this •_~~gaye ard ~he d_~ut hereby secured in the same manner as wiih htortgago~ w~thout in any way vit:ating or d~stharging the Mo»gagors' liability here- ~er or uFon the d_br hereby sewred. No safe of the premises hereby mor:9aged ar.d no forbearar~e on the part oi the /AORTGAGEE or its succassors ,ss:gns and no exrens~cn of the t~me for the paymem of the deb~ hereby secured g~ven by the MORTGAGEE or its wccessors c•r ass:gns, a:~all operate ~ re~ease, d:scharge, mod<fy change or affect the orig~na! l;an:lity of the MORTGAGOR here~n, either in whole or in part. 10. It ~s s~ec:fic~ti~ agreed that time is of the essence of this contract and that no waiver of any obllgation hereunder or of the obl'gation se- t c_•ed hereby sha'i a~ any time thereafter be he:d to be a waiver of the terms hereof a of the instrument sewred herby. 11. In sdd.tio~ to the torege'n~ ~z~onth!y paym~ma of princ ~al and interest requ~red by the p~om sscry note secured hereby, mortgagar ~avenanfs i agr~es !o ;;a~ to ~~:ore3a•y~~e a,th each monrh'y pay~.:e~~t an add~~ional wm esr.n ated by mortgagee to be equal to 1, 12 of ti~e annual coit of the follow- A-:.!i rcaf Fropcr~y ta,c~s le•f~_; or asses:rd agai•isf th: a6ove desc~ibed reat estate. ~ F~~ . s on i~« ar.d windstorm ~nsuracce as herefn req~;red to ba carried on the ~m;~roveme~ts s~tuate on the above d=scribed premises. t C-P•r~~ :u-~ s on such mong:;ge guaranty ir.swa..ce as mortgagee shail f~orr. t me to time deem fit to carry on the loan secured hereby. hlor.c:,~~~e s~~s ~ j•cr., r~~„e to t~:t,e notify mortyagor m wr;t~ng of the amouro d~e and payabte hereundrr and svch surn shall thereupon be due and .-b'~ o~ ±h_ c!~~ o.;~•~ o~ the n.~xr mOnth:~ payment and each successive month thereafier uctil mcrtgagee shatl nottiy rrwrrgagor of a change in such ,nt. $uch s.;=*-s s:*a-i be app:ied by mortgay~e toward the payment of real property taxes, insurance prem;ums, and mortgage gua~anty insurante . ~ +'~.iums. -.lN \'.'ITP~ESS ::HER~OF, the sa~d MORTGAGOR has hereunto set his hand and seaf the day a y ar first aforesaid 1 ~ 5gned, Seat ar.d d' lred in the presence of: ~ ` 1 - a"L (Sea~ _ A Sam le ~ ~~a~~ ~ (Seaq _ rances R. Sample ~~a~~ _ :.:7~ OF flORlDA ~ ~ =~J'dTY OF St. Lucie ~ f ~ Befo~e me personafly appeared Jay A• Sample a~ _ _ FI'aI1C@S R. Sample h;s w;ie, to me well known and known to me to be _ tnd~~~d~ais desu~bed in and who eaecuted the foregoing instrument, and acknowiedged before me that they executed the same ior the purposes ~!•.•ein expressrd. And the sa~d~ FranC@5 R. Sample ~ r~ of ~he sa.a _ Jay A. Sample upon r sepa.ate and priwte ~~•n nat;on by me ta4en separate and apart from her said husband, acknow~edged to and belore me that she executed said instrument freely and volun- ~ and w~thovt any compu:sion, constraint, appre~hiension, or fear of or from her said husband. ~YIT~IESS my hand and official seal this_~ da of ~f /CLL~ y Ll 5 t k. ~ p. T9 72 , ~ ary Public in and r the S e of flor' af!~rgc - y Ccmmission e ~~es: - - • Retu~n To: v c•~4•L41 :~Z'~t C&~' ` . _ f~rst Federat Savings d. Loan Associafion ~ TRR. ,Y` ~.!'2L4k at-L~4RG~ p~ -,.;.f p„o.. '`Y C:`" :.p ~;"i_"'~~"~- 1j3. 191J / Fort F,.•rce, F7;.r.c1s ~.,~1~J : ..li!^;=,.~'~~~:. : ~ rl~d{~W/~[~ef' , F1LEQ RN^ REC~IROED 'i:; . . • . ~ Et.IUC<< ~~UM7~ flA. , : . y, RCGE = f ~'..tTqAS 1 r CLE~F. G':•,•u~t COURT t~ # This Instrument Prepared 8y John W. Colli~~:,~ •~i r"':C3 \ First Federal Sa~•in gs 8~ Loan Association p of Fort Pierce , Rlorida ~ 2~ 3 21 1 M~? z ~ Ch~cked By t7~ ; 235968 ~ ~ ; B~~K 2U5 P~~E1398 - ' S , . . _~J.~~._.~ ; - : ~ , ~