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Home My WebLink About0624 3. To p(ace and continuously kecp on fha bui!d;ngs now or hereafter ~ituate on said land and on al{ cqu~pmem and personally covered by this mor a9a, w:th all prenti~ms ~herron pa.d ~n f~ll, f~re insurance ~n ~ne usua{ stan,iard po:icy form, in a wm apN~o~ed by the MOR~GAGEE, and win~isto ~~~surance in the uwal s~anda~d pof.cy form, in a wm approved by the MOR~GAGEE, in such tcmpany pr 'compan~es as the h10RiGAGEE m duect; and all tire a~,d windslorm inwran~e polic:rs on any of sa~d build~ngs, any interesl the~ein or part thereof, in the a99~egate suin atoresaid in eacess ~hrreof, shatl :ontain Ihe usu~l sta~~dard morrgagee clause or such othe~ cfause as Ihe /donga9ee may requ~re, making the +oss widrr sa~d po c~es, each and eve~y, paya5!e to said h1pRTGAGEE as ~ts in~ereat may appear, and each and eve~y such po:~cy shall be p~omptly ass g~:cd and de~~v~red i any he~d 6y safd MORfGAGEE as fw~her security ro said mortgage debt, and, not less ~han ten (10) days in ad+ance of ~he expirot~on of each poticy, to d~ Lver to said h10RiGAGEE a renewat the~eof, togerher with a recerpt fo~ the premium o! such renzNal; and there ahall be no i~re or windsto~m insuranc p~aced on any oi sai~! b~ild~ngs, any irte~est the~e~n w par~ thercof, un!ess in the form and wi~h the loss payable as afcresa~d; and in the event any sun of money beco~r~es payabte under suth poiecy ot poi~ties said MORTGAGEE shalf have ~he ophon to rrc_ive a~~d appty tt~e same on atcount of ~he indebted n_•ss secwed hereby or to pertnii said MORiGAGOR$ to receive dnd use it W any part thareof for o~ncr pwp~os~•s, ~v~iho~t th~~~ o; .v;.~vi or ~~,~p~ir ~r.g any equ~ty, Iien o~ right under or by virtue ot this mo:tgage; and in Ihe event sa~d MORTGAGORS shall `or any reason fail to kcep the said pre+nises so :~~sur~d, or fait to dei~ve~ promptly any of said poGcies of inswa~~ce fo sa~d MORTGAGEE, or fa~i p:omptly to pay fuily any pre~~u~m therefor ot in a~y r~~spect fail to pertorm, discharge, execute, effect, complete, co:nply wiih and ab~de by this cavenant, or any par~ hareof, Said MORTG4GEE may ptace a~•d pay for such insw.,nce or any part ther2of without waiving or affeUing any ophon, lien, equ~ty, or r:~ht u~der or by virtue of th;s hlartgage, and the r~!1 amo~nt of each and every such payment shal~ be immedia~ely dve and payable and shall bear interest from tha date thereof until paid at the rate oi ~~ne prr c~nwm per a~:nu:n and tu~<Ihcr ~nith such interest shaii be secured by the lien of this mortgage. 4. To permit, commit or sufier no waste, impairment or deterioration of said property or any part thereof. 5. To pay all and singular the costs, thargea and expenses, including a reaso~able attorney'~ Fee and cosrs of abstracts of title, incurred o~ paid at ~ny t~me by said MORTGAGEE, beca~se or ~n the event of the failure on the part of the said MORTGAGOR to duly, pro~~ptly and fully perform, d~scharqe. ~rcc~te, elfec~, compiete, co~r,pty w~th and ab:de by each and every the stip~lai~ons, agreemrnts, corditions, and covertanrs oi said promissory note and this ,•ortgeqe any or e+~her, and srd cosrs, charges and expenses, each and every, shaH be immed~atefy due and payable; whether or not there be not~~e ds ~:~nd, attempl to coliect or suit pend~r.g; and the full amount of each and every such payment shal~ bear interest from the date thereof umil paid at the o~ n~ne per crn~~~» p~r an~~~m; and a11 sa~d costb cha~ges and ex~xnses incurred o~ paid, together wah such interest, shall be secured by the I~en of Ihis rt~Ottgage. 6. That (a) in the event of any breach of this Mortgage or defaulf on the part of the MORTGAGOR, or (b) in the event any o( sa:d sums of money h~re~n referred to be not pro~nptly and fully paid within th:rty (30) days next atter the same severat:y becume due and payable, wi~hout demund or noHce, o~ ,,c} the evem each and every the stipu~at~ons, agreemems, cond~t~ons and tovenants of sa:d promisso~y note and th;s mortgage any or either a~e not i:,:y, promprly and fuily performed, d.scharged, executed, efteued, tompteted, comp6ed wrth and abided `sy, then in either or any such event the said eg- ?rcgatr sum menrioried in sa~d p~om~sso~y +ic!e then remaining unpaid, with interest attrued, and ati ~noneys secured hereby, shall become due and pay- ao e for!hwieh, or ~herea4ter, at the opnor. of soid 6\OR7GAGcE, as fully and complerely as i( all of the said sums of money were ong~nally stlpulated to be pa,d on such dc,y, anything in sa:d pro:nissory note or in this Mwtgage fo the contrary not~v~~hstand~ng; and thpreupon or thereafter at. the option of s+.d MQRTGAGEE, w~fheut nonce or drmand, suit at law w in equity, therefore or thereaiter begun, may be prosecWeSl ~,q.ik~J,mOA~ys sec~red hereby n.:d matured pr~w to ~ts instituhon. . . ~ . 7. Thar in the event that at the inni . of or at an time ndi an su~t u n this Mort ~ be9 ''9 Y Pe ~9 Y F~ gag~, "o~ to'f~~Q~ ~3efofen' o~ to enforce {'.ayment of any tfaims he~eunder, said MORTGAGEE shall apply to the Court having jur~sd~ction the:eof for t~ie~rrxh~~~#,j~e,~rer; 4uc1~~Co~rrt shail i: ,~hv~:rh appo~m a receiver of sa~d mortgaged property al! and singular, in~Iud~ng a? and sing~tar b~, pro-~~y~~anc'~ ~e~hq~s 1Fdm' wh3tever s; v-ce derived, each and every of wh;ch, if be;ng expressly unde~stood, is hereby mortgaged as i~~~Iy:s~T p~ deyc~ibed ~n the gra~ting a~d ' ~~:~endum cta~ses hereof, and such Receiver shall have aR the broad and effective f~nct,ons and ptl~ver3.in aeyv~~7se entrusted by a Court to a Receiver, and s. cn appeinrm~~it shal~ be made by such Court as an admitted eq~ity and a matter of absolute r~ghf to 'said MORTGAGEE, and wirhou? re(erence to the ~~'•_av;cy or inadequacy of the value of the property mortgaged or to the so~ve~cy or ~nsoivency of said MORiGAGOR w the defendams, and that such ~ r. .+s, proiits, inco.ne, issues and revenues shafi be applied by such Receiver accord+ng to the lien or eqvity of said MORTGAGEE and the practice of such Court. 8. To duty, prompt:y and f~lly perfo~m, discharge, exec~te, effect, complete, comply with a~d abide by each and every the stipulations, agreements, .c~.drtions and co+enanrs ~n sa~d promissory note and th;s mortgage set forth. 9. That in the event the ownersh~p of the mortgaged premises, or any part thereof, becomes vested in a person other than the MORiGQGOR, the :^RTGAGEE, irs successors and ass~gns, may, w;rhout notice to rhe 1tORTGAOR, dea~ w~th such successor or successor ~n interest with refe~ence tq this o•tgage ar.d the d_•o~ hereby secured in the same man~er as with ldortgagor w~thout in any way vitiating or d~scha~ging the htortgagori liability here- ;,nder or opon the drbf hereby secored. Na sale of ~he F.emises hereby mortgaged ar.d no forbearance on the pan oi the IAORiGAGEE or its successors o- ass~gns and no extens~on of the time for the payment of the deb~ hereby sec~red g~ven by the MORTGAGEE or its successors or ass~gns, a~iall operate ~ ro re~ease, d,scharge, mod~fy zhange or affeu the orig,nal Gan~lity of the MORTGAGOR he~ein, either in whole or in parf. ~ i - It is speufical;y agreed that t~me is of the essence of this contract and that no waive? of any ob~igat~on hereunder or of the obligaYan se- - cured hereby sha:i at any time thrreafter be he:d to be a waiver of the terms hereoi or of the instrument secured herby. i l l. In a;i:i r!c. ro rhe forego ng month!y paym^nta of pri:,c pa{ and interest requ~red by the promsscry no!e secured hereby, mortgagor eovenants ,~d agr~~s to ;~ay to n,o-ty:3gee .ti~th eath mcnthly pay~.,ent an add~~ional sum esn~:ated by mortgagee to be equai fo 1," 12 of the annual cost of the foNow- , , A-All rca~ propert~ taxas tevie~ or ass=ss_d agai•ist thc above desvihed real esFate. B- Fr.:r,.~,•as o~ i~re ar.d wir;dsto:~n ~nsvrarce as here~n requ~red to be cacried e~ the ~m, roveme~ts s~tuate on the above d~stribed premises. C-Pre:n,u~•~s on such mort3~ge guaranty ir.surar.ce as mongagee shall from tme to time deem fit to tarry on the (oan secured hereby. l5or:gaaee s~:~il f.c,m ri~ne to t~me notify mcrtgagor in wrir~ng of the dTOUOT d~e and payable hereundrr and such sum shall thereupon be due and ..able on th~ clue da~e oi ihe next momh:~ paym.ent and each wccess~ve month thereaft~r ur.til mcrtgagee sha(1 notify mortgagor of a change in such ~una_ Such s~ms st a:l ±,•e apF:lied by mortgagae toward the payment of real property taxes, insurance prem:ums, and mortgage guaranty insurance , ~•Cm~umi. ' TN[5S '.':H:REOF, the said MORTGAGOR has hereunto set his hand and seal the day and ar first afaresaid. ~ Si , Seated a d fiver in the p sence of: - • T ~1 , aq t _1- . ~ • - lSesp : ~ . _ ~~.c~-4-~b.C~`L~~',s=..=."*': ~~'~~-:Sea~ ! t - - Y - cs~n ' ~ ~s . 3 STATE Of FLORIDA ` ~ . ~JU'JTY OF St. Lucie ~ _ I • s Befwe me personally appeared _ GQOYQe W• Chambers - ~ Wllla Kay Chamber s his wife, to mp well known and known to me to be r~,~ indiv~duats described in and who execured the foregoir~ instrument, and acknowledged before me fhat _they executed the s3me for the purposes rha~ein expressed. And the :a~d_-_ Wllla Kay Chambers :~:fe of the sa~d G~Y9e W. Chambers a separate and private ~••r.~n~nation by me ra,en separate and apart from her said husband, atknowledged to and befcre me that she executed said instrument freely and votun- •+~~~y ard w~rhout any co;r,p~isio~, consrraint, apprehension,~or fear of or from Fter said husband. WITNF55 my hand and officia! seal this_- ~a~ day of $e temb I A_ D. 19_?? ~lC~-'' Notary Pubtic in and for th tate of Florida at large My Commission expires: ~ 3~a 9- 7 S~ Retur~ io: F~rst Federal Savings a loan Associat:on 23'~s94 Of Fc;t P,~rce fort Pi~rce, F:oriJa f~(~f d~`,, ~;C~R~Ep ST_lUC1E ~_vNTrF1A. ,i! , RGiF~ : ;~~RAS ~~Y Cif~'F 'C'st!T COURT arrn- 'i n ' This lnstrument Prepared By Ron L. Stutz "-----~i T First Federal Savings & Loan Association ~ D 2 os PH 11 Fo?t Pierce~ F1oZida Checked B Y auo~ ~s ~acc s~ m.~.~ _ _ ~ a~ . - ~ _ .v,~.