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Home My WebLink About0037 3. 1o place and coneinuously keep on the bu~'d~~gs naw or hereatter s~tuate on sa~d land and on a!~ equipmem ana peisonally covered by this ma ege, w~ih all preml~ms ihrreon pa:d in full, firc inwronce in the usual s+andard po;icy form, in a aum aHproved by the MORtGAGEE, and winds~o ~nsurance in the usual standard pol.ty form, in a wm approved by the MORTGAGEE, in such company or tompan~es as 1he h10RTGAGEE m d~rec~; and all 1~re and w~nJsrorm fnsuranca pol~ues o~ any of sad build~~+gs, any iroerns~ there~n or pan thN~eof, in the aggr4pa~e sum aforesaid in eacess th~~reof, shaU contyin ~he usual a~andard mortgaqee ciause or such other c~ause ss the Morigagee may requ~.e, making Ihe loss undr~ sa~d po c~es, each and every, pay~b!e ro said h~ORTGAGEE as ~ts imerest may appear, and each and every such po!~.y shalt be promptly ass gned a~~d deiivered ~ any held by said hIORTGAGEE as fwther security ~o said mortgage debt, and, nol less than. ten (101 days in advance ot the exp~~ation of each policy, to d~ ; l~ver to said A10R1GAGEE a renewal d~ereoi, to9ethe~ with a reteipl for the premium oi tuch ~enewal; a~~d ~here shall be no i~re o~ windstonn insuranc ~ p!aced on any of sa~d buildings, any interest there~n or part thereof, unless in the form and with the loss payable as afo~esaid; and in the eveN any sun of monty beco~nes payabte under such policy or pol~cies said MORTGAGEE shall have the opt~on to rece~ve d~~d app!y the same on account of tF.e indabted n_~ss secured h.:reby or ~o perm~t said MORTGAGORS to reeeive and use it w any part the:eof for o:i~er pur,.osez, .v~ihout ~hr.u~ .v.:~+~:~3 0~ u~~p~~r ; ~ng any eq~~ty, I~en o~ ~iylic under or by virtue of this mo:`gage; and in the event sa~d MORTGAGORS shatl `o~ any reason fail to kcep the :aid p~ea.ises so ~ ~nw.ed, or fail to deliver promptly any ot said poGcies of insura~ee to sa~d MORTGAGEE, or f~il p:omptly to pay f~Ity any pre~~~~um therefor o~ in a~y ~ respect (ail to perform, d+scharge, execute, effect, complete, comply with and abide by this covenant, or any part h.:reof, s~~d MGRTGAGEE may place a ~d pay for such insurance or any part thereof w~thout waiving or aifecting any option, lirn, equ~ty, or ri~ht under or by virtue of ~his Mortgage, and the fu!I amovnt of each a~d evPry such payment shall be im~nediately due and payable and shatl bear interest irom the date thereol until paid at the rate of •~~ra per cent~m per annum and to~ethrr wi~h such inte!est shaii be secured by the G!n of 1hi3 mortgage. 4. To permil, commit or suffer no waste, impairment or deterioration of said property or any part thereof. S. To pay all and singular the costs, charges and expenses, ~ncluding a reasonable attorney's fee and costs c~ abstracts of title, incur~ed or paid at ,ny time by sa~d MORfGAG:E, because or in the event of the failure oo the parl of the said MORTGAGI~R to duly, pron,pNy and fu~ly pe~form, discharge. ~xrc~te, effect, canplete, comply wnh and ab:de by each and every the stipuianons, agreemems, condiuons, and covenants of said promissory note and this ~:or~gage any or e~~her, and sa:d costs, charges and expenees, each and every, ahafl be immediately due and payable; ,~vhethe~ w not there be ~o~ice d~ r.~and, attempt to c~llect or svit pend+ng; and the full amount of each and every such payment shall bea. interest from the date thereof until paid at the r. r~~ oi n~~~e per c<ntum per annu:n; and a1f said cosn, charges and exprnses ~ncurred or paid, together wdh such interest, shall be secured by the lien of this morrgage. 6. That (a) in the event of any breach of this Mwtgage or default on the part of the MORTG~IG~R, or (b) in the event any of said sums of money h~~re~n refcrred to be not promptly and iully paid within thirty (30) days next aiter the same seve~a'~y become due and payable, withoW demand or notice, or (c) in the event each and every the stiputations, agreements, ccnd~tions and covenants of sa:d promissory note a~d th;s mortgag2 any or either are no1 ~uly, pro~npt~y and fully perfor~ned, d,scharged, ezecuted, effected, completed, compVied with and a6~ded 5y, then in either or any such event the said ag ~regate sum menr;oned in said promissory note then remaining unpaid, with interest atcrued, and au moneys setured hereby, shall become due and pay- ai,,e forthwith, or thereafter, at the option of said RAORTGAGEE, as fully and completely as ii all of the said sums of money were orig~natly stlpu:ated ro be pa:d on wch dzy, anything in sa:d pro~n~ssory note or in this Mortgage to the conrrary nolwithitarding; .,~~d thereupon o~ thereaiter at the opt~on of s,:d MORTG.~vEf, ~nithout no~ice or demand, suit at law a in eqoity, therefore or thereafter begun, may be prosecuted as if all moneys secured hereby ' n_d matured pnor ro~ts inst~tution. 7. Tha? in Ihe event ~hat at the beginning of or at any time pendirg any suit upon this Mortgage, or to fo~xlose it, or to refwm it, or fo enforce r~.*nent of any daims hereundar, said h50RTGAGEE shall apply to the Cou~t having jurisd:aion thereof (or the appoiotmeN of a Receiver, such Court shall ~hwirh appoint a receiver of said mortgayed property all and singular, includ~ng all and singular the ir.come, p~oi~ts, issues and revenues (rom whate~er s. •.,-ce dar~ved, each and every of wh~ch, ~t being expressly understood, is hereby mor~gaged as if speufically set fo~th and described in the granting and !~'.~endum c!avses hereof, and such Receiver shall have all the broad and effective funct~ons and powers in anywise entrusted by a Court to s Receiver, and s:h appointment shalt be made by svch Court as an ad~nitted equity and a matter of absoiute ?ight to said MORTGAGEE, and without reference to the a.: ~~vscy or inadequacy of the value of the property mor~gaged or to the sotvency or insoivency of said MORiGAGOR or the defendams, and that such ^!s, prof~~s, ~nco~ne, iss~es and revenues shail be appfied by such Reteiver according to the lien or equity of said MORTGAGEE and the practice of such ~ourt. 8. To duly, p.omptty and fu~~y perform, d~scharge, execute, effect, comptete, compty with and abide by each and every the stipulations, agreemenfs, co~,d~tions arx! tovcnanrs ~n sa~d promissory note and thls mortgage set forth. 9. That in the event the ownership of the mortgaged premises, or any part thereof, becomes vesred in a person other than the MORTGAGOR, the :,^,~RTGAGfE, its successors and assigns, may, wi~hout norice to the MORTGAOR, deal with such successor or successo- in interest with reference to this o•~gage and rhe d~bt hereby secured in the same manner as with Mortgagor without in any way vit~ating or d~scharging the Mortgagors' liability here~ der or uQun the debt hereby secured. No sale of the premises hereby mo~tgayed and no forbearance on the part of the ?AORTGAGEE a its successors 1 ~r assigns and no exters~on of the time for the payment of the debt h~reby secured given by the MORTGAGEE or its successors or ass'gns, ahall operate ~ ~o re~eese, d~seharge, modrfy change or affect the original Iiao~Gty of the MORiGAGOR herein, either in whoie or in part. 10. It is speuficaliy agreed that time is of the essence of fhis contract and that no waiver of any obtlgatio~ hereunder or of the obligaYwn se- s c~red here`~v shaii at any time therratter be hetd to be a wa~ver of the terms hereof w of the instrumero secured herby. + I l. In adel ~;c:: ~o the iore o n momh! a ments of rinc' al and interest re u~red by the rom:sscr nwe sec~red hereb , mort or covenants ~ 9 9 Y P Y P P 9 P Y / 9~9 d agrces te ;,ay ta n:ortgagee ~nah each month!y pay~.~ent an add:tional sum est~mared by mortgagee to be equal to 1: 12 of the annua~ cost of the follow- A-Afl rca' property taxas lev~e~ or assessed a~ai•,st ihc above described real esrate. B- F~n.,u•ns on f~re ar,d windstorm insuracce as nere~n requ~red to be carried on the improveme~ts s;tuate on the ab,^.ve dascribed premises. C-Prr~n~w•~s on such mortgsge guaranty ir.surar:ce as mortgagee shall from t[me to time deem fit to carry on tne loan secured hereby. r.~.ortgagee s%~~!~ frcm t~me to time not~fy mortgagor in writing of +he amou~t due and payable hereundrr and such surn shafl thereupon be due and j ;-:b!e on th~~ c!~e oate of tha next month!y payment and eath suttessive month thereaftcr untii mortgagee sha11 notEfy morfgagor of a change in suth G ;~~t. Such s~~rs s~a:~ ~e app!ied by mortgagee toward the paymem of real property taxes, insurance prem.ums, ar.d mortgage guaranty insurance ( ,~r•iums. IN 1'~ITPJE55 WHEREOF, the sa~d MORTGAGOR has hereunto set his hand and seal the day and year first aforesaid. ~ Signed, Sealed ar.d ivered ' the presence of: )~j ~ _ ,~YlJ I U {~J~~ (Seal) ar ie S ann , ' (seaq R ub S I1T1 (Seaq S,.aTE Of fLORIDA ~ S t . Luc ie ',:r'JNTY OF ~ Befwe me personally appeared C~rlie Spann and RL1b~I Spann his wife, to me well known and known to me to be ~ ind~viduats described in and who executed the foregoing instrumeot, and acknowledged before me that they executed the same for tix purposes " nc~rein expressrd. And the saidRl3Uy SpariS r::ie of the sa;a _ Charlie $pann _ upon a separate and private am:nar~on by me taken separate and apart from her said hbsband, acknowledged to and before me that she execuied said iniVument fredy and volurr .•II~ and w~thout any computsion, constraint, appr her~}~x?, or fear of or from her said husband. • ~ ~tiITNESS my hand and official seal this i day of Au uSt A. D. 19 72 ~ . d ~ s Not ry Public in an tor th~ S~ate of Florida M lar~e- My Comm~ssion expires : ' Return To: ~S ~ ~ F~nt Federal Savings 6 loan Associat~on ' 1 . Of iort P erce ; Fort Piarce, Flcrida ~ FILED A.y~ FECORDED ~ St. LUCii GOUNTY FIA. - aocL- ~ ~ aas This Instrument Prepared By: Gary F. Ell~aood CLERl~ C~'_, `!T COURT aEr,oKc ve ~ ~ ~ ~ First Federal Sav ngs & Loan Association ~ ~ of Fort Pierce~ FloYida 33450 S~ 1 3 4sPH ~T~ Checked By _ ~ 23'J354 ~ BOOK~VV PAGE ~ ; lhl _ ~ - _>y_ ! ; . - - - - Y : ~