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Home My WebLink About1266 3. To p!ace and co~tinuo~siy keep on ehe b~;!d+ngs now or heresiter s~tuate on sai~ land a~d on al~ equipment a~d personally coveced by this mw ~ge, wfih all prem~~ms tl,ereon pa d in (ull, fire insurance fn ihc ~sual staixlard poGt~ form, in a s~m appro~ed by the MOR~GAGEE, and windsto ~~~s~rance in the usual itandard poLcy (am, in a s~m approved by ~he A10R~GAGEE, in wch company or compan~es as the MORTGAGEE m d~rect; and all fi~e and w~ndirorm ~nsurance poliues on any of sa~d bu~td:ngs, any interest therein or par~ thrreoi, in the aggregate sum aforesa~d in extess thereof, shall conta;n the usval sta~~d:~~d mor~gagee clauae or such mhe~ clause as ihe Morlgagee may requ~re, making the loss undr~ s.~~d po :~es, each and eve.y, payab;e to :~~d A10RJGAGEE as ~ts interost r.iay appear, and each and everY such po:icy sha? be p~omptly assgned a~d deGvered ~ any held by sa~d rJ10RTGAGEE as fw~her security ~o said mongaqr deb~, and, not lest than ten (10) days in advance of the exp~rat;on of each poGcy, to d. I~~er to sa~d MORiGAGEE a renewal thereo(, toge~her with a receipt fo~ the premium of such ~enewal; and there sha11 be no fire or w]ndsio~m insuranc p~aced on any of said build~ngs, any inierest there+n or parl thareof, un!ess in the form a~~d with the loss payable as afa~esaid; and in the event any sun of mo~ey become: payable unda~ such polity or po6cies sa~d MORiGAGEE shall have the opt~on to recrive and app!y the sa~t~e on accowi~ of ~he indebred ! nrss secur~J hereby or to penn;t sai~1 MpRTGAGORS to reeeive and use it or any parl the:~oi for o;n~ r pu~F oses, .•.~~i,o~~! th ~n ui tv.:rvi y or ~n,~,ir ~ ~~~g any equ:ty, I~en or ri9ht under or by virtue of this mor'gage; and in the event sa~d MORTGAGORS shatl !or any ~eason fai( to keep fhe sa~d premisrs so ~~~sur~d, or (ait to de'.iver promptiy any of sa~d po~~urs o1 i~su+arue ta said MOAIGAGEE, or f~il p:omptly to pay fuity any premium therefor or in any : ~e:pea fail to perform, dncharge, exrcute, effecf, comple~e, comply with and abide by this covenant, cr any pa~t hareoi, sa~d MORSGAGEE may piace and ' pa1 for wch inwrance or any part thareof w~thout waiving or affecting aoy option, iien, equ~ty, or right unde+ o~ by virtue of this Morlgage, and thc ~ !~i1 arno~r,t of eacb and every wch payment shalf be immedia~ely due and payable a~xi shall brar in:ercst from the date thereof until paid at the rate o1 •~:~~c per can~vm pC~ annu:n and to~zth~~~ with suth intcrCSt shali be srcured by the lien o1 this martgage. d. To permit, comm~t or suf(er no waste, impairment or deterioration of said property or any part thereof. 5. To pay aIl and sin9ular the costs, charges and expenses, inctuding a reasonabte atrorney's fee and cos~s o1 abst,acts of title, incurred or paid at .~ny fi~r.e by s~~d MpRTGAGEE, because a in the event oi the fa~lure on ~he part of the s~id MORTGAGOR to duly, promptly and fully per(orm, d~acharge. _>=•;ute, effec?, co~nptete, comply w~th and ab:de by eath and every the stipulat~ons, agreements, conditio~s, and covenants of said prar~i:sory note and this ,:ortgage any or e~rher, and sa:d costs, cha~ges and expenses, each and every, shall be immediotely due and payab:e; whether w not there be notice dz ci,~nd, atte:npt to to~ied or suit pending; and the (ul! amount of each and every such payment shal{ bear int~resl from Ihe date thereof until pa~d at Ihe c' nine per cenrum pe~ am,cm; and aIl said cosrs, charges and expensas incurred or paid, 1oge~her w~?h such interest, shalt be secured by the Iien of thii : , rr.ortgage. 6. That (a) in the event of any breach of th~s Mortgage or default on the part of the R10RTGAGOR, or (b) in the event any of sa:d sums of mo~ey t:~~rein referred to be r~ot promptly and lutly paid within th:rry (30) days next aiter ~he same se,rera:ty beca~ze due and payable, without demand or notice, c~ ic) in the event each and every the stipulations, agreements. to~dit~ons and covenants of sa;d pro~nissory note.and this mortgage any or ei~her are nol i~:y, prompNy ancl fulty periormed, d;scharged, executed, effected, tomp~eted, compl~ed wiih and ab~ded Sy, then in e~~her w any such event the said ag _ ;~r7atz sum mentioned in sa~d promisso~y nore then aemaining unpaid, with intere;t att~ued, and ail monrys sewred hereby, shall become due and pay- ac, forthw~th, or fhereaft~., at ihe oprion of sa~d MORiGAGEE, as fully and completc~y as if all of the said s~ms oF money were wiginally stlputated ;o te pa.d on svch d~y, anything in sa:d pro~n~sso~y note or in this Morlgage to the convary nohvirhstanding; and the~eupon or thereafter at the op~ion of s.i MORTGAGEE, w~~hout not~cr or demand, suit at law or in equity, therefore or thereaiter beyun, may be prosecuted as if all moneya secured hereby n:d mawred pror to ~ts ms~itut~on. 7. That in the event ihat at the begin~ing of or at a~y time pending any suit upon th~s Mortgage, w to foreclose it, or to re~o~m it, or to enforce ::•~;ment oi any ci3;rns hereund<r, said MORTGAGEE shall apply to the Court having ju~isd;ction thereof ior the appo~ntmRro of a Receiver, such Coun ahail rcr.h,vifh aNpo1N a rece~ver of said mortgaged property all and singular, inctud~ng all and singu{ar the incon;e, p~ofits, issdes and revenues from whatever s-uue derived, each and every of wh:ch, it being expressly understood, is he+eby mortgaged bs if specifically set fonh'eKd described i~ the granting and h.+;,er.dum dauses her=of, and such Receiver shal~ have all the broad and effective functlons and powe~s in anjFwise tntrusted by a Court to a Rece'rver, and s. ch appoinrmen~ shait be made by such Couit as an admitted equity s~d a matter oi absoture right fo said iNORtGAGEE, and wirhout reference to the rd_a;,aty or inadequacy of the value of the properry mo~tg;,g~ or to the sc~vency or insoivency of safd AtORiGAGOR w the defendants, and that such ~~n, prolits, incaoe, issues and revenues shall be applied by such Receiver accord~ng to the lien or equity of said MURiGAGEE and the praUice of such Court. 8. lo duly, prompr!y and fully perform, discharge, execute, effect, comptete, comply with and abide by each and every the siipulations, agreements, ~ •.ditions and tovenants in sa~d promissory nore ant! this mortgage set forth. ~ 9. That in the eve~t the ownership af the mortgaged premises, w any part thercof, Necomes vested in a per~n oth?r than the MORTGAGOR, the :^R7GAGif, ~rs wccessors and assi~ns, may, wirho~,t notice to the A50RTGAOR, deal with such svccessor w successor in imerest with reference to this -~•~gage acd she d_-ot hereby secared in the same manner as with Mortgagor w~th~ut in any way vitiating pr discharging the Mortgagors' liability here- r a~ uFon the debt hereby secured. No sate of fhe prem~ses hereby mortgaged ar.d no forbearance en the pan of the lhORTGAGEE or its successors . ass~gns and no extens~on of the time for the paymem of the deb' h~reby secured given by ?he MORTGAGEE or its svccessws or ass;gna, anall operate +o re~ease, d~acharge, modify ~hange or affect the original liab~lily of the MORTGAGOR he~ein, either in whole or in part. 10. It is spec~fically agreed that time is of the essence of this cont~act and that no waiver of any obt~gation hereunder or of the ob!igation se- c~•_~d hereby shal, ar any rime thcreafter be held to be a waiver of the terms hereof a of tF~ instrument secured herby. 11. tn add:t[o~ to the forego ~,g ~t~onthly paym~nts of princ pal and inreresr reauired by the prom sscry r.ote secured herrby, mortgagor eovenants ci agr~es to pay ro n:o-lgagee with each monrhiy pay~::en~ an add~nonal sum est,n:ated by mortgagee to be equai to 1,' 12 of the annuat cost of the follow- j A-AU real propert~ taxes levied or as3essed agai•1st the above descri6ed real estate. B- Pra~,u;,~»s ors fire and wir.dstorm insurar.ce as here~n reyu~red to be carried on the improveme~ts s~tuate on the above described premises. C-Pre~n;u~~•s o? s~ch mortgage guaranty ir.surar,ce as mongagee shall from t.me to tirne deem fit to carry on the loan secured he~eby_ 1Lortgaoee sf„'i ~~c~n t~.~~e to t~n:e notiiy mortgagor ~n writ~ng of the ar.-oum due and payable herPUnd,.°r and such su:n sh3:l thereupon be dve and ,,bie on th~ ci~,e d~te of the ne,ct month:{ payment and each Successive mon!h thereaiter until mortgagee shall notify rnortgagor of a change in suth ~um. Such su:ns sFa.f be apE~iied by mortgagee toward the payment of real property faxes, insurance prem:ums, and mortgage guaranty insurance c miums. IN \'lITNESS ':.HEREOF, the sa~d MORTGAGOR has hereunto set his hand and seal the day and year (irst aforesaid. Sign , Sea! de ered the presence of: (Sesq , _ Ja E. Matula (s~nn - ` (Seaq Carol R. Matula ~~a~~ : .~TE OF FIORIDA ~ ; .iU.'vTY OF St , WCle ~ Befwe me personally appeared James Matula and CSYOI R'. N~clttlla his wife, to me well known a~d k~fprip to me fo be individ~ats described in and who executed the foregoing instrument, and acknowiedged before me lhat tbey executed, the„~ame'ibr: the purposes ' r-~;rein expressed. And the said_ CaI01 R. Matula . ..,!e of fhe srtd -.__.Ja~1eS E Matula ~.tipon~a"separate'.~nd private ~•aminat~on by me taken separate a~d apart from her said h~sband, acknowledged to and before me that she executed said instrumeM ~heely and volun- ~~~y and wrthout any computsion, constraint, apprehen i r fear of or from her said husbartd. _ WITNESS my hand and offic'ral seal rh;s__ day of SC tembe ~ D. 19-~. - • = ~ Notary Pubfic in and for tF?~~iate st•L~ge My Commission expires: ~ i . ' Return To: . • F;rst federal Savings b loan Assoc~at~on NOTARY PU~IC~1A~'E of FLORtDAst U1RGE Of =o~t P E~ee. MY COh171~s1~ji/ EXPIRES SEPT. 25, 1975 i Fu~r P~~~ce, F!o~~J3 BOnded t~y Amencan Ba~ke~s If1wnl1001:0. F1lED A~0 sT. ~{h,~F ~~u~ pR E ROC~q POIT TM ~i^• Th~s Instrument Prepared By Gary F. Ellwood Rf ~ DRYf R~~~U~rCOUqt First Federai Savings & Coan Association f~fD~,~~ ot Fort Pierce , Florida ~ tg o ~ 2 S~ PH'71 , Ch,.cked By 1t. ~ '~~18~ BooK zos szs~ ~ ~,Y _ a~ - . - - _ ~ _ _ _