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Home My WebLink About1423 3. To place and conrinuously keep on the bui.'d~ngs now or ~ereafrer s~l~are on said land and on all eqvip~nent and pcnonally covered by this ma ege, w~~h al~ ptemi~m.s thrreon pa~d in f~ll, li~e insurance in the ~sual s~mxlard pot~cy form, in a sum approved by the MOR~GAGEE, and w~nds~o ~nsurance in tha usuat s~andard po::cy lo~~n, in a sum appro~ed by ~he MORTGAGEE, in such company or companies as rhe M027GAGEE m direct; and alt (ire and w~nds~orm insurancs policies on any of said build~ogs, any inferesl therein o~ parf the~eof, in the aggregate sum aforesaid in excess thereof, sfiall ;ontain the us~al standard mw~gagee clause w such other tlause as /he Mortgagee may requ:rp, mawing 1he fosa undar sa~d po c~es, each and every, payabte to said h10RTGAGEE as ~ts inte~zst may appear,.and each artd eve+y such po~;cy sh~ll b¢ promptly aasgnrd a~~d de~~va.rd ~ any ~eld by safd A10R(GAGEE ax (unher secu~ity to said mortgage deb1, and, no1 leu than ten (10) days in advance of the expi:at:on of each policy, fo d. Gver ro sa~d MORiGAGEE a renewol Ihereof, together with a?eteipt for the premium of such renewal; and there shall be no f~re o~ w+ndsto+m inwrant placed on any of said build'u~gs, any inrerest therein or part thereof, unless in the form and with the ~oss payable as afcreaaid; and in the event any wn of mortey betomes payabte ~nder such poticy or poGcies said MORTGAGEE ehall have the opt~on ?o reca~ve and app!y tne same on account of the indabt~d ness secured hervby or to permit sa~d MORTGAGORS ro reteive and use it or any pa~t the~eof fo~ o~n~•~ purf:oses, v.:+nout ~hr~o~ wc~vi:.3 or ~~~~p„~r ing any equ~ty, Ge~ or right unde~ or by v~nue of th~s mo:'gage; and in the evrnt sa:d MORTGAGORS ahal~ 'o~ any reaso~ fail to keep ~he sa~d premisrs so ~nwred, or fa~l to dcliver pranptly a~y o1 sa~d poCcies of insurante to said MORfGAGEE, or faii ptomFtiy to pay fully any p~e~n~um thrrafo~ o~ in a~Y res~~ecf lail to perfoim, distha~qe, eaecute, el(ect, completa, co:npiy wi~h axl abide by this covenam, or any part hareof, said MORTvAGEE may piace ana pay iw wch inSUrancz or any part ?hereof w~~hout waiving or affecting any option, Gen, equny, or right o~der o~ by virtue of ~h~s Mortgage, and ihc f~ll amovnt o1 eath and every such payment shaU be immediately due artd peyable and shaU bear interest from the date Ihcreof until paid at the tate o1 n~ne pa'~ cc~tum per annum ond to~r~h~•r w~th such interest shali be secured by ihe lien of this mortgage. 4. To permit, commit w suffer no waste, impairment or deterioration of said property or any part thercof. 5. To pay all and singular the costs, charges and expenses, including a reato~able attorney's fee and costs of abstracts of titte, incurred or paid at any time by s~id MQRTGAGEE, because w+n the event ot the lailu~e on ?he parl of the said MORTGAGOR to duly, promptly and fully pe~(orm, d~scha~ge, ~xecuse, effed, canp;ete, comply w~th and ab.de by each and every the stipuiat~ons, agreemeNS, condinons, and covenams oi se~d pro:nissory note and ih~s ~:~rtgage any or e~~he~, and sa!d cosrs, tharges and expenses, each and every, shall be immediately due and payab:e; whether or not there be notice d> n,;nd, attempt to coflect or suit pending; and the full amount of each and every such paymem shall bear inreres~ from Ihe date thereof until paid at the r.r~~ oi nine per ttnt~m per an~~u:n; and aU said costs, charges and expanses incurred or paid, together w~th such imeres~, shatl be secured by the I~en of th~t mortgdge. 6. Tha1 (a) in the event of any breach of this Mortgage o~ defaul~ on the part of the MORTGAGOR, or ;b) in 1he event any of sa:d sums of money herein referrrd ro pc not promptly and fully paid within 1h~r1y (30) days next afte~ the same severally become due and payable, withou~ demand o? notice, er in the event each and every rhe stipulations, agreements, tonditions and covenants of sa:d promissory ~ote and th~s mortgage any w either are not iuty, promptly a~d fully performe~, d schargrd, ezecuted, eifected, ~omp~eted, compGed with and abided by, then in eithe~ pr any suth eveN the said ag- aregate sum mentioned in said promissory note then remaining unpaid, wifh interesi accrued, and aN moncys secured heteby, shall become due and pay- -o e fo~thwith, or fhereafier, at the opt~on oi sa~d MORTGAGEE, as fully and completely as il alf of thr sa~d sums of money were orig~na:ly st~pulated ro be pa~d on such day, anything in sa'd prom~ssory note or in this Mwtgage to the contrary notwithstandh~g; and thereupon or thereafter at the option of s-~:d MORTGAGEf, without not~ce or demand, wit at !aw or in equity, therefore or thereaher beg~n, may be pwsecuted as if all moneys secured hereby n,d matured pnor to ~ts instit~t~on. 7_ That in the event rhat at the begin~ing of w at any time pe~ding any suit upon this Mortgage, w to fweclose it, or to reform it, or to enforce Fayment oi any claims hereunder, said 610RTGAGEE shaN apply to the Court having jur~sd~ction fhereot for the appo~ntment of a Receiver, such Court shall fcrthwith appo]nt a receiver of said mortgaged property all and singular, includmg all and singula~ the incorre, profits, issues and revenues from whatever s.~urce derived, each and every of wh;ch, it being expressfy undersiood, ia hereby mortgaged as if speulically set forrh and described in the granting and h.3bendum dauses hereof, and such Receiver shaf! have all the broad and effective funct~ons and powers in anywise entrusted by a Court to a Receive~, and s, ch appointment shalt be made by such Courf as an admit~ed equity and a matter of absolute right ro said MORTGAGEE, a~d withcut referente to the adequacy ot inadeqvacy of rhe vatue of the property mortgaged or to !he so~venty or insolvency of said MORiGAGOR or the defendanTS, and that such re-•~s, profits, inco,ne, issues and revenues shall be applied by suth Receiver according to the lien or equity of said MORiGAGEE and ~he prattice of such Covrt, B. To du'y, promprty and fuily perform, drs<harge, execute, effect, comptete, comply w7th and ab;de by each and every the sripulat;ons, agreements, _ond~tions and covenants ~n sa~d promissory note and th~s mortgage set forth. 9. 7hat in the eve~t the ownership of the mortgaged premises, or any part thereof, becomes vested in a person othe~ than the MORTGAGpR, the ''JRTGAGEE, its wccessors and au~gns, may, wnhout no~ice to the MORTGAJR, deal with such successw or successor in interest with ~eference to this o-tgage and the d_ot hereby secured io the same manner as with Mo~tgagor without in any way vitiating or d~scharging the Mortgagors' liability here- :-der or upon the d~6~ hereoy secu~ed. No sale of the premises hereby mortgaged and no forbearance on the pan of the N10RTGAGEE or its successors or ass~gns and no e~cre^s~on of fhe time for the payment of the debf hereby secured g~ven by the MORTGAGfE or its successors or ass~gns, a~iatl operate ro re!ease, d,scharge, inxlify change or aifect the original liability of the A10RTGAGpR herein, either in whole or in part. 10. It is saecifically agreed that time is of the essence of this contract and that oo waiver of any obligat~on hereunder or of the obligation se- c~•ed hrreby shaL at any tin:e thereatter be held to be a waiver of the terms hereof or of the insvument secu~ed herby. 1 i. ln aci~.ticn ro the forego'ng month!y pay,r.enrs of princ pal and interest requ~red by the prom~ssery no!e secured hereby, mortgagor covenants d ag._es to ;,~y to :~wrtgagee v~rth each monthly pay~,:e:~t an add~~ional sum est~mated by mortgagee to be equal to l, 12 of the annual cost of the foliow- _ ..7 : A-All real F ropcrty taxas fev~ed or assesscd agaisst rhe above described rea! esrate. 6- Pr !c,•nz o~ fve and w~ndsrorm ~nsurarce as nereln reqv~r~d to be carried on the improvements s:t~at~ on th~ above d_scribed premises. C-rre~-.lum.s on such mort~a~e guaranty ir.surar,ce as mo~~gagee sha11 frorr tme to time deem fit to carry on the loan secured hereby. AlortgaQCe sha~~.I f•cm r~me to nme norlfy mortyagor ~n writ~ng of the amount due and payable hereundar and such surn shait there~pon be due and ,=t~le o~~ +h.• cl?_• C)•~~E of ehe next n:onth:~ p~ymet~t and each successive month thereaft~r ur.ti! mcrtq3gee sha!I not,fy mortgagor of a change in such , ounr. Such sums sFa:i be app~:~rd Ly mortgagee toward the payment of real property taxes, insura~ice prem;ums, a~~d mortgage guaraMy insurance :..'F„n~UmS. IN ~'~ITPJESS ':.`HFREOF, the said MORTGAG02 has hereunto set his hand and seal the day a~d year first aforesaid. S~gned, Sealed ar detire ~d in the presence of ~ ~ Seal) - - ~i Qce~/ {SeaQ ~ \ - (Seal) _ - i ~ - \ ~5eal) OF FL RIDA \ ~~JU'JTY OF Sti• I~1_C18 ~ Befo~e me personall ap a~ed Heetor J. De Pa 8~7.' 34 j I~tael~a De Paula Arias . his wife, to me wefl known and knoiin b. jne t0 indrvidvats desc~ib~d in and who executed tha foregoing instrument, a~ acknow{edged befae me fhaf they executed the s3me Y'~( the ~pi~?~ rherein expressed. And the said Maelia cJ• ~ P"d1]Z$ Arias - `{e ot ~he sa~d H@Cti02' J. De Pau a r; a4 up~n ase.Q~rete and priyif _•am~nat~on by me takan sepa~ate and apart from her said husband, atknowledged to and before me that she executed said fqctrumeNr-ire~y aQ~'yply ar.d vrithout any compulsion, constraint, apprehe ipr~ or fear of or from her said husband. • : d] I f ~i • • ~YI7NES5 my ha~d and oflicia( seal this_ " day of 71lb9 ~ V ~ . , a J~9-:~-=_ otary Public in and fqr the State of, Florida' at- ks?~ ~S ~ My Commission expirel: ~ ~ ~ ~ ~'T C ~ Return To: ~ S . ~irsl federa~ Savirtgs 3 loan Associat~on ~ Of fort P~crce. Forf P~~•ce. F;or;d3 iILED ANO fIECO~QE ST, LUCIE COflNIY F~ ROCEA POITRAS ~ RECORb vER~f EO ~OU~ This Instrument Prepared 8y J. H, xObe2't8~ Jr. First Federal Savings & loan Association A 4a pf1 ~~Z of Fort Pierce ~ Flc?rida `1 / ~I 23~3304 Checked By sl~~.__. dd~K PAGE14 - . _ _ ~ s -W_ - - - _ • :~~c