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Home My WebLink About0616 3. To p'ace and cont~nuo~sly keep on the 6u~'dmgs now or hrreafte~ a~t~ate on sa~d land and on aC equ~pment and perso~afly covered by lhis mor age, wltil dl) pren~iun.s. thrreon pa:d in full, ~ire insu~ance in ihe usual Standa~cl po(i~y iorm, in a Sum aE:proved by ihc MOR~GAGEE, ond windst0 ~nSVrance in tha usual at~ndud pot cy form, in a wm approved by the MORTGAGEE, in such company o~ compan~es as the MORTGAGEE m d~rect; ar+d a? fire and w~ndstorm insurance polic~es on any of said twild~ngs, any inte~est theiein or paft thereof, in the agg~egate sum atoresaid 1n excess the.cof, sh~ll ;onts;n U~e uwal standard morrgagee cla~se or such other clause as the Monyagee may requ~re, ma?ing ti~a loss under s~~d po c~es, each and every~ PJjiIJ~Q to sa~d A10RTGAGEE as its inter~st may appear, and each and every svch po:~cy shatl be prompNy assgned a~~d delive~ed ~ any hc•Id by sa~d l.,ORiGAGEE as Furrher secw~ty ro sa~J mongage drbt, and, not less ~han ten (10) days in ad.ance of ihe exp~rat~on of each pollcy, to d~ t~ver to sa~d 1'dORTGAGEE a renev~al thereof, togeiher with a receipt for the premium of such renewal; and there shall ba no iee or windstorm insuranc placed on any of sa~d bui!d~ngs, any interest tharem or par~ th~reof, unless in ?Fu! form and w+th the loss payaule as aforesaid; and in the event any sun of money beco:nes payable ~nder suth policy or pol~cies said MORTGAGEE shall have ~he opnon to receive and app!y t~a same on atcount of ~he indebtcd ness sewred In:roby or to permit aa~d lAORTGAGORS ~o receive and use it or any part the:eol fo~ o:~~rr purEcseS, wrthc.;t ih;•<.» .vo~.i.~~ :;r unp„~c ing any equ~ty, lien or r~ght unde~ o~ by virtue of this mo:'gage; and in the eve~t sa:d MORTGAGORS sha1l for any ~eason fail to keep the said premisrs so ~nSUred, or iail to de:iver pro~nptty any of said polities of insurance to sa~d MORTGAGEE, or fai! promptly to pay fulty any preniium ihereto~ or in any respev fa~l to pe~(orm, d~schar9e, execute, effect, con~pletr, comply wieh and ab~de by this coven~nt, or any parr hareo4, said MORT^,AGEE may place and p~y for s~ch insurence or any part thereo( withoul wa~ving or aifecting any option, lien, equ~ty, or ri~ht under or by virtue of this Mor~gage, and the full a,no~nt o( each and e.ery such payment shall be ~mmediately due and payable and shail brar interest from the date the~eof un~il paid at the rate a1 ~~~ne p~•r cerv~m per annum end to~rrher v.ith sucb inter~ct sha~i be sacured by the lien o1 this mortgage. 4. To permit, commit or suffer no waste, impairmeN w deterioration of said property w any pa~t therrof. S. To Fay al! and singular the costs, charges and expe~ses, including a reasonable attorney's fee and costs of abstratts of title, incurred or paid at ,ny ti~r.r by s~~d tilORiGAG:E, 6ecause or in the eve~t of the failure on the part of t1~e said MORTGAGOR to duly, promptly and futly perform, d~scharge, _.~curr, effect, canptere, comply w~ih and ab:de by each and every the stipvlat~ons, agrerments, conditions, and tovenants of sa~d promizsory note and this ,artgage any or e~~her, and sa:d costs, tharges and expenses, each and every, shall be immed~ately due and payabte; whether or no? there be notice d~ ~~,~n3, atten~pt to coliect or suit pend~n9; and ehe (u!! amouM of each and every wth paymem shall bear interest trom the date thereof until paid al the r re o~ n~ne per cen;un. par an~~~~r, ond all said ccsts, tha~3es and expznses inturred or pjid, togather wuh such interest, Shall be setured by the lien of thit mortgage. 6. That (a) in the event of any breach of th~s Mortqage or defaulf on the part of the MORTGAGOR, or (b) in the event any of sa:d sums of money h.~re~n re~er~Bt~ to be not prornprly and fully paid vvirhin th~rty (30) days next ain_r ~he same severa!:y becane due and payable, without demand or notice, or ~c) in thr ev~nt each and eve~y the sfipulations, agreements, cond~tions and covenants of sa:d promissory note and th~s nwrtgage any or either are not iu!y, pro~nptly anJ fvtl~ performed, dsFharged, ezecuted, effected, completed, com~Ged wuh a~d abided 5y, then in e~ther w any such event the sa~d ag- ;-rgare sum mennoned in sa~d pro~nizsory note then re~na~ning unpaid, with interest accr~ed, and a:l mpneys sec~red hereby, shali become due and pay- au e for~hwith, o. ti~r•reaircr, at the opr~on of seid MORIGAGEE, as fully and compietely as ii ali of ~ht sa~d sums of money were origina~ly stlpulated te be pi.d on wch d,:y, anything in sa:d pr~:n~ssory note or in this Mortgage to the contrary notwithstanding; and theraupon w thereafter at the option of s~ d M,ORTGAGEE, wnhcvt nonce or demand, suit at iaw or in equity, therefOre or ihereafter begun, may be prosecuted as if all moneys secured hereby n_d n,arured pr,o~ ro~ts inst~tution. 7. That in the event that at the beginning of or at any time pendir.g any suif upon this Mortgage, or to foreclose it, o? to reform it, or to enforce payment of any cuai~ns here~ndzr, said R1~RTGAGEE sha!1 apply to the Court having jurisd~d~on thereof (or the appo~ntment of a Rece+ve~, suth Court shall Fcrenwith appuim a receiver o! said mortgaged property ali and singular, ind~d,ng alt and sing~iar the income, proi~ts, issues and revenues from whateve~ s.:u-ce drrived. each and e~ery of wh:ch, it be~ng expressly unders~ood, ~s hereby mortgaged as if spec~ficalty set forth and described i~ the 9rant(ng and h.;i:end~m c:auses her~of, and such Receiver shail have alt rhe br~ad and effective fvnu.ons snd powe~s in any~vise emr~sted by a Cour1 to a Receiver, and s. ch appeintme~~t sha11 be n:rde by such Court as an ad:nhted equity and a matter of absolute right to said MORTGAGEE, and witho~t reference to the r.;1~q~;cy or i~wdequaty of tF.e valve of ~he prope~ty mortgaged or to the so~venty or insotvency of said MORiGAGOR or the detendanls, and that such •.-~~TS, prof~rs, inco.ne, ;ssues and revenues ihall be app:ded by such Reteiver according to the lien w equity of said MORTGAGEE and the practice of such Court. 8. To du!y, prompt'y and fufly perform, d~scharge, execute, ef:ect, ccmple~e, compfy w~rh and abide by each and every the stipulations, agreements, co ,ditions and covenanrs m sa~d p~omisso:y note and th;s mortgage set forth. 9. That in the event rhe ov~nership of the mortgaged premises, o~ any part thereof, becomes vested in a person other than the MORTGAGOR, the ..^,RiGAGEE, its wcc.ssurs and ass~gns, may, w~rho~t no~~ce to the A10RiGAOR, deal whh such successor or successor in mterest with referQnce to this ^ o•tgage a~d th~ d_u~ hereby securpd in rhe same manner as wirh ldo,tgago. w~rhout in any way vitiating or d~scharqirtg the Mortgagori liability here• ~~r.;ier or upon the d.~t nereby sec~red. No sa!e oi :he prem:ses hereby mortgaged artd no forbearance on the part of the MORTGAGEE or its succes»rs o• ass~g~~s and ~o extens~on of rhe time for the paymem of the debt her~by secured given by the MORTGAGEE or its successws o~ ass;gns, ahall operate ro re~ease, d~scha:ge, rnodify change or affect the orig~nal liab!Lty of the MORTGAGOR herein, either in whole or in part. 10. It is SpeGFi:dii~ ag~eed that t~me is of the esse~ce of this contract and that no waiver of any obltgat~on hereunder or of the obligation se- cured hereby sha', at an~ time thereafter be he:d to be a wa~ver of the terms hereof w of the instrumern secured herby. 1 I. In r,u:i T.c .~o the foregdng ~nonrh'y paym_nts of peinc pat and interest req~~red by the promsscry no~e secured hereby, mortga~or eovenants d ogr_es ro ;;ay to ~ccrtg~yee v~~th each monrh:y pay~,,ent an add~r.onal sum est!n ated by mortgagee to be eyuai to l, l2 oi t5e annual cost of the follow- A-All r~a! F;rop~~r.y ta,es levi~H or assessed agai•~st thc above dzzaibad real eztate. - 6 F~_ „,s on fire and wir.dztonn inw~ar:ce as here~n requ~red to be ta~~ied on the improvements situate on the above d_scribed premises, C-Pre•n;;;~•s o:i wch mort~age guaranty ir.surar,ce as mortgagee shall from t~me ro time deem fit to carry oo the loan secured hereby. r.tiorfg~ae~ s~~-: ''~om ti~ne to nn:e notify mortgagor ;n writ~ng of the amount due and payable hereundrr and such sum shatl thereupon be due and ;~hle o~ the :!,,e c.~te of th~ ~.ext month:y payment and each successive month thereaiter ur,tF! mortgagee shall notify mortgagor of a change in such ,,nt S~ch sw~ s si a•i ~e a~:p;ied by mortgagee toward the payment of real property taaes, insurtnce prem:ums, and mortgage guarenty insurance . ~~e~~~ivms. IN 'i11TP~ESS :;HER~OF, the said MORTGAGOR has hereunto set his hand and seal the day and year`first foresaid. ' S~gned, Sealed Giver d in the prese e of: / ^ l FtlfD ~!r~ R.ECORDED ~ ~ / lG,. ~ - ; 5i. iui.i~ ~'vufiiY FZA. ' ;S_,n ~ ~;~S Wi ie F Re , i , L CLEf~( C Cifti COURT t5eai~ , - 4y RFG(1R'. Vi : c'} (Seap i - t~ Rosetta Reden ~s~ar~ f 5".+7E OF fLORIDA ~ l ~L~ 8 2 0~ PH'~` ; ~ 23~sso - ~ ~OU~JTY OF St. Lucie ~ j Before me personatly appeared ~~~1111@ F. Redel~ a~ ; Rosetta Reden his wife, to me well k~own and kno•Hn to me to be ~ ind~vidua;s descr;bed in and who executed the faegoing instrumem, and acRnowledged before me tbat they executed the same for the purposes ` P Rosetta Reden i rterein ex ressed. And the said_ ` r. `e of the sa+d wlllle F. Reden _ - upon a separate and privatp ~ ~.,•n~nanon by rtfe raken sepa~ate and apart from her said husband, acknowledged to and before me that she executed said i~strument free{y and vo~uo- ~~r:~y ar.d w:ihout any compulsion, constra~nt, appr hens~o , or fear of or from her said husband. ~ WITNESS my hand and offida~ seal this_-_-~~ day of S@ tember~ A. D. T9 72 ; ~ ? t y Public in and for the Stafe o ida ge e ~ ~ Corr~m~ss~on eXp~res: NOfAR1f , $TA d ~R~D~ ~ ~E s Return 10: ^ ~ ~M1 , ' ~ ~ ~ EXPIRES ~ F;rst Federal Savings a Loan Atsociat~on 0~ Ra S DEC. ]~j~ a~ON Tbro Genenl Insur~nce Upd~ry~ten. ~ o< <~,r v...~o~. ~o Dp . ~ ~ ~ Fo,. P,<«t. F~~„~~ ~ o n_FPt o M lyTqRrfi ~ ~ p ~ By Williar~ ~aun ? -r l x ~ . ~ ~ ° ~ Po ~ ~vrE~? TAM ,Dq ~ r This Instrument Prepared By ;~t(i~i•~... S ~ J - ~ First Federa{ Savings & loan Association y~.. , y" Q~ O 1 ~ ' of Fort Pierce ~ Florida 33450 ' . - _ ' , ~ - ~ . ~ - - ~ Checked BY - 9 ~ ' . . ' _ t ~ aanx 2~s ~acr 615 ~ ( lhj ' ~ : . _ , . - -