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Home My WebLink About0227 3. To p~ace and continuously keep on Ihe bui:dings now or hereafte? aituate on snid land and on aii equipment and personaliy tove•ed 'oy this mo~ ege, w~th all pren~iums ~hcreon Na~d in fuil, fire insu~ante in the ~w~l st,~r.dard polity fotm, in a sum approved by thc MOR'iGAGEE, and windsro insurance in tha usual s~anda.d pol.cy form, in a s~m approved by ihe MORTGAGEE, in such comNany or companies as ~he MORTGAGEE m d~iecr, and all (ire and w~nJstoim insurance poGcies on any of said build~ngs, any inreres~ ~herein or part thrreof, in the aggregate sum atoresaid in excess thrreof, shall cont~in ihe us~al standard mortgagee ciause or such other clause as the Mortgagee mqy requ~re, making ~he ioss vndrr sa~d po c~es, each and every, payob!e to sa~d h1URiGAGEE as its in~erest may appea?, and each and every such po:~c~ shalt be promptiy assgned and de~ivtred ~ any held 6y sa~d A10RfGAGEE as funher secu.ity ro said mortgage debt, and, not less ~han ten ~101 days in adrance oi thr expiration of each policy, to d~ ~ fver ro sa~d h10RTGAGEE a renewal thereof, toge~her wifh a receipt for the premium of such renewai; and ~here shaU be no f~re or w~ndsto~m insuranc p!aced on any of sa~d bvild~n~s, any intcrest therein or part thereof, unless in the tonn and with 1he ~oss paya61e as a4oresaid; and in 1he event any sun of money becomes payable undtr such policy o~ policies said MORTGAGEE sh~ll have the opnon to rec_ive and app!y the same on account of the indeb~~d ne:s secureJ hereby or to perrn~t aa~d MORTGAGORS to receive and use it or any part the:eof ior o~n~•r pur~.es~•s, v.;iE:~~r ih:~~ ul .v.:~+~ ~7 cr ~~np~ir mg any equrty, licn or r~yht under or by vir~ue of this mcrtgage; and ~n the event sa~d MORTGAGORS shall 'o~ any reason fail to keep the said premisr~ so insvred, or fail to drlive~ pro~nplly any of said policies oi insurance to said MORTGAGEE, or ialf promptly to pay fully any premi~m there~o~ or in a~y respea fail to perForm, d~scha~ge, exewre, eifecl, completr, co:nply with and abide by thls covenani, or any part hzreof, sa~d /~M1ORTGAGEE may piace a•~tl pay for such insur.~nce or any part thereof w~ihout wa:ving or affeUing any option, lien, equ~ty, or r~ght unJer or by virtue of ~his Mortgage, and fhc fuH amo~nt of each and e~ery such paymero shall be immediately due and payable and shall bear interest from tha date thereof un~il pa~d at the rate ot n~ne per crntum per annum and to~ethcr with suth inrerest shall be sacured by the lien of th~s mo~fgage. To permit, commit or su(fer no waste, impairment or deterioration of said property a any parl thcrcof. 5. To pay all and singular the costs, charges and expenses, including a ~easonable atto~ney's fee and costs of abstrads of litle, incurred or paid at any time by said MORTGAGEE, because or in the evem of the failure on the part of ~he said MORTGAGOR to duty, promptly and fully perform, d~scharge. ~K•~cute, effect, complete, comply w~th and ab:de by each and every the stipulat~ons, agrezments, condit~ons, and covenants o{ sa~d promissory note and th~s ~,orrgage any or e~the~, and sa:d costs, charges and expenses, each and eve~y, shall be immed~ately due and payable; whether or not there be norice da n~and, afte:npt to cotlect or suit pend~ng; and the full amount of each and every suth paymero shall bear int.:rest from the date thereof umil paid at the r.~re o~ nine per crrwm ~.rr an~~um; and ail said costs, charges and expenses incurred or paid, together wuh such interest, shall be setured by the lien oi this mortgage. 6. That (a) in the event of any breach oi fhis Mort9age or default on tFw part of the h10RTGAGOR, or (b) in the event any o~ sa:d sums of money herein referrc~ to be not pro~nptty and fully paid within thirty (30) days next after the same severa:ly beco~~e due and payable, wittwut demand or notite, or (c) in tha event each and every the stipulat~ons, agreements, cor,ditions and covenants of sa.d promissu~y ~ote and th;s mortgage any or either are nol i~!y, prornptly and f~lly performed, d:scharged, executed, effeUed, completed, complied with and ab~ded 5y, then in e~~her or any such event ~he sa~d ag ~-cgate sum mentioned in said promissory r.ote then rema~ning unpaid, with interest acuued, and all moneys secured hereby, shatl betome due and pay- e~:e forthwith, or therea{ter, at the option of sa~d MORTGAGEE, as fully arw! completety as if all of the said sums of money were onginaily snp~tated c bc pa:d on such day, anything in sa.d promissory note or in this Mortgage to the contrary notwithstanding; and thereupon or thereafter at the opnon of s:f MORiGAGEE, w~thcut nonce or demand, suit at law or in equity, therefore a thereafter begun, may be prosecuted as if atl moneys secured hereby n_d maW~ed pnOr to ~ts inStitut~On. 7. Ttiat in the event that at the beginning of or at any ti,ne pending a~y suit upon this Mortgage, or to foreclose it, or to reform it, or to enforce ~~~ment oF any da~ms hereunder, said ~.10RTGAGEE shall apply ro the Gourt having jurisdktion thereof for the appo~ntment of a Receiver, such Court shail ~;~rhv:ith appoint a recei~er of said mortgaged property ali and singular, incfud~ng aIl and singular the income, profds, issues and revenues from whatever s.•ce drr~ved, each and every of wh~ch, it being expressly understuod, is hereby mortgaged as if speclf~tapy set forth a~d deatribad in the granting artd endum c:a~ses hereof, and such Receiver shall have all the broad and effective funct.ons and powers in anyw~se emrusted by a Court to a Receiver, and s. :h appointment shall be made by such Court as an admitted eq~ity and a matter of absolute right to said MORTGAGEE, and without reference !o the ~::__;~acy or inadeq~acy of the value of the property mortgaged or to the so.vency or inzolvency of said MORTGAGOR or the defendaros, and that such ~~±s, profits, inco.ne, issues and revenues shall be appfied by such Receiver accorduig to the lien w equity ot said MORTGAGEE and the practice of such Court. 8. To d~ly, prompt:y and fully perfo~m, discharge, execute, effect, complete, comply w+th and abide by each and every the stipulations, agreements, co,^.ditions and covenants ~n sa~d promissory note and this mcrtgage set forth. 9. That in the event the ownership of the mortgaged premises, or any part thereof, 6ecomes vested in a person other than tfie MORTGAGOR, the :t~RTGAGFE, its successors and ass~gns, may, w~fhout notice to the MORiGAOR, dea! with such successor or successo~ in interest with reference to this r o•tgage and the deot hereby secured in the same manner as wrth Mortgagor without in any way vitiating or discharging the Mortgagors' liabi~ity here~ ~nder or upon the drbt hereby sec~red. No sale of the premises he~eby mortgaged a~d na forbearance on the part of the /AOR7GAGEE or its sutcessors c~ assigns ar.d no exre~sion of the time for the payment of the debt hereby secured given by the MORTGAGfE or its successors or assigns, a~~all operate ro reiease, d~scha:ge, mod~fy change o~ affect the original liab:~ity of the MORTGAGOR herein, either in whole or in part. 10. h is spec~fically agreed that rime is of the essence of this contract and that no waiver of any obtigat~on hereunder or of fhe obligation se- c~;r~d hereby sha1~ at any time rhereafter be he:d to be a waiver of the terms hereof or of the instrumero secured herby. 1 I. In au:l t(c~ to the foregc n~ rnonthly payments of princ pai and interest required by the prom:sscry no'c secured hereb~, mortgagar eovenants +~,d agr~es to pay ro n;o-tyagee v.rth each monrhiy pay~aent an add~~ional sum est~n~ated 6y mortyagee to be equa! !0 1;' 12 of the annuat cost oi the follow- , j: A- A!I rcal prop~_rty tax~s Ievied or ass^ssed agai•~st ;h^ a6ove desvibcd real estate. E- Pr,,:::~~•ns on fire and w~ndstorm insurac~e as her~in mqu~red to be carried on the im;:roveme~ts s~tuate on the above d~svibed premises. C-Prerniur.~s on wch mortgage guaraniy ~r.sura~,ce as mortgagee snaii from t~mr iu s~r~tie deem tii to carry on t:e !oan sa:~:ed 'ner~ay. i 1.lortgagee sh„ f f~cm ti:ne to time notif~ mortyagor in writing of the amount due and payable hereundar and s~[h surn snau tnereupon oe due anu ! .,b!e o~~ th~ c!ue cia~~~ of the next month!y payment and each successive momh thereafrer ur,til mortgagee shatl notify mortgagor of a change in suth ~ ~unt. Such sums sFa:i be app•.~ed by mortgagee toward the payment of real property taxes, insurancr prem~ums, and mortgage guaranty insurance f .~••imiVms. {f IN \'l1TNE~5 '.'+HER~OF, the na~d MORTGAGOR has hereunto set his hand and scal the day and year first aforesaid. i S~gned, Sealed and detivered in the presence of: ~ ~ Seaq Samuel D. utchfi d s cd*? ` - U _ anne R. Crutchfield ~~ai~ S~ATE OF FIORIDA 1 J u- CJUtJiY OF St. LUC1@ ~ ~ Before me personally appeared Samuel Crutchfield a~ _ Jeanne R. Crutchf ield his wi~e, to me well known and krtown to me to be ti, ~ individ~a(s descr~bed in and who ezecuted the foregoing instSument and acknowtedged before me that they executed the same for tF?e: ~tlrposes rherein expressed. And the said Jeanne R. Curtchfield - Samuel D. Crutchfield ~ ' ' ' ~ r:,jc of the sa~d pppd~b~aep~rafe sAd,~fri~a~ ~~arn~nat~on by me taken separate and apart from her said husband, acknowledged to and before me tbat she executed said in~rir~urSe~t y. ,;rolun% •~~,~y and wirhout any compulsion, constraint, apprehensionf or fear of or from her said husband. WITNESS my hand and official seal this- day of $e t~ID L .AO p, p~2 ~ ; ~ . ~ - ' / , ~ ~ , / Nofary Public in and for Sfate O qrT~p at Latge ~ ~ My Commission expires• ~ i~~ i ' ~ : ' ~ Retum io: ~i;' (7t~ 'Y • ~ First Federal Savings d. Loan Assotiaf~or. ~~~'%//~;~r~:~•'' ~ Of iort P._rc^. ~o.r P;~rce, Flo~~d+ ` ~ FitEO r.r~~~ = f coRnEo ST.LUC~" ~~UNT1I fLA. ~ RGC==• ?~AS , CLEFA :.N~~ COURT ~ This Instrument Prepared By J, Roberts, Jr. Rrr~a"• "~~F'~'^ ~ ~ First Federal Savings 8 Loan Association of Fort Pierce ~ Flo r ida os PM ~ l Z - ~ ~ Checked By ~3'7438 ~ ~ R ~os z~~ ~ . 840K P~ICE 1S - - - ' - ~T' _ >~;~~a`~'-~ . , ~ . ~-~.~*a;~~~.,- y