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Home My WebLink About1560 3. To place and continuou:ly keep on the bui'dings now o? hereafter eituate on said ~and and on ai~ eq~ip~nenf and pe~sonally cove~ed by this mo~ sge, w;th sl~ pren~iums ~hereon pa:d in fuli, f~re inwrance ~n ~he usual swr.dard po;icy form, in a sum a4P~e~ed by the MOR~G:.GEE, and w~ndsto ~ns~~ante in tAe usual st.~ndard poGcy form, in a sum approved Ly thz MORTGAGEE, in suth company or tompanies as the h50RiGAGEE m d~rect; and all fire a~:d w~nds~orm ~nsurance po~~cles on a~y oi said b~~ld~ngs, any imerest therein o~ part thrreoi, in the agg~rgare sum atoresald in exceas thereof, shalt contain the usual standard morrqagee ciause or such o~ha clause as the Mortgagee may reqwre, maMing Ihe ioss unJer sa~d po c~es, each and every, payab!e ro sa~d MORTGAGEE as ~~s m~erest may appear, and each and every such po:~cr shall be promptly ass gned and de~~vared ti any held by ia~d MORIGAGEE as fur~her security to said mor~gage debt, and, nor leu than ten (10) days in ad.ance ol the expiration ol each policy, to d~ t~ver to said MORiGAGEE a renewal the~eof, toge~her with a rece~pt tor the premium o{ suth renewal; and there shall be no f~re or winds~onn inswant placed on any o1 sa~d bvi!d~ngs, any interest there~n w parl thereof, unless in ~he form and with ihe ~oss payabfe as ato~esaid; and in the event a~y sun of money becornes payabfe under such polecy a pol;cies said MORiGAGEE shall have the opt~on to receive a~~d apply ihe sa~ne on accounl of the indebtrd ness secu~ed hereby w to permit said MORTGAGORS 1o receive and use it w any part ~he:eof ior o:n•~r pur; es<s. .~~;~h~~t ih u; y..~.f cr u,~p.:~. ~ng any equ~ty, lien or right under or by virtue oi lhis mor•gage; and in the event sa~d MOR)GAGORS sha!1 ior any reason fail to keep the sa~d premis~•s so insured, or fail to drliver pro~nptly any of said poGcies of insutance to ta~d MORTGAGEE, o~ fail prompNy to pay fully any pre,n,,,m therefor o~ in a~y respect iail to perform, d~scharye, execute, effecl, complete, cornply with and abide by this covenant, or any part h¢reof, sa:d MORIGAGEE may p;ace a~~d pay for :uch insurance or any part thereof withoul waiving w affec?ing any option, lien, equity, or ri~ht under or by virtue of ih~s Mortgage, and the tvll amount of each and every such paymero shall be immediately due and payable and shell bear interest irom th3 date thereof until p~id .t ~he rate of n~:ie per centurn pe~ annu:n ond to~;th~•r ~n•ith wth interesl Sh3I! be stcured by the lien of thia mo+tgege. 4. To permit, comrc~it or suffer no waste, impairment w deterioration of said properfy w any parl thereof. S. To pay all and singular the costs, charges and expenses, includirg a reasonab!e attorney's fee and costs of absrratts ef title, incurred or paid at any tin:e by sa+d MORIGAG~E, because o~ i~ the event of the ia~lure on Ihe part of the said MORTGAGOR to cfu~y, promptly and fu(ly pe.iorrn, d~scharge. ~x~•cu!e, effed, comptete, co~npfy w~th and ab:dr by each and every the stipulations, agreements, conditia~a, and covenants af said pro+nissory ~ote and this ~~ortgage any o~ e~ther, and sa:d costs, charges and expenses, each and every, shall be immed~ately due and payab:e; whether or ~ot thrre be not~ce dr mand, atlempt to tolled or suit pend~ng; and the (ull a~nount of eath and every wth payment shalt bear irteres~ lrom the date thereof until paid~af the r~~ a' n~ne uer ccntum per ann~~r, and au ia~d cos~s, charges and exoanses inturred or paid, together ~v~th such inlerest, shail be setured by the lieo 01 th~~ mortgage, 6. That (a) in the eYent of any breach of this Mortgage or defau(t on the part of the MORTGAGOR, or (b) in the event a~y of sa:d sums of money herein refc~~~ to !x: no~ pro~nptly and fully pai:! within th~rty (30) days next afrer the same severa!!y become due and payabte, without demand or notice. er (c) in the evem each and every the stiputations, agreements, cond~tions and covenants of sa.d promissory ~ote and th~s mortgage any w either are not i~;y, promptly and fueiy performed, d:scharged, execured, eltected, canpleted, compGed wifh and abided yy, then in e~ther w any svch event the said ag ~regate sum ment~oned in said promissory note then remaining unpaid, with ioteresl accrued, and a~l monrys secured hereby, shall become due and pay ab e forthwith, or iherra4ter, at the opf~on of said MORTGAGEE, as ful(y and comple~ety as it all of rhe sa~d sums of money we~e orginalty st~p~Iated to be pa:d on such d:.y, anything in sa:d pro:n~ssory nme or in this Mortgage to Ihe contrary notwithstand~:~g; and thereupan or lhereafter at the opt~on of s~!d MORTGAGEE, wnho~t norice or demand, suit at law or in equity, Ihe~efore or thereaiter begun, may be prosecuted as if all rt:oneys sewred hereby n,d mature~ pnor to ~ts instirution. 7. That irt the ev..~nt that at the beginn~ng of or at any time pending any su~t upon this Mortgage, o~ to forectose it, or to reform it, or to enforce ,-ayment of any ciaims hereunder, said ~dORTGAGEE shap apply to the Couc? having jurisd~dion thereof for the appomtment of a Receiver, such Court shafl i~rthyyith appoint a receiver of sa~d mortgag-rd properfy alt and singutar, indud~ng a!! and s;ngu~ar the income, prof~ts, issues ard reve~ues from whatever s: urce derived, each and every of wh.ch, ~t being expressly understood, is F.ere6y mortgaged as if spec~ficaily set forth and described in the granting and h;bendum clauses hereof, and such Receiver shal: have all the broad ar,d effective funcuons and powers in anywise enrrusted by a Court to a Receiver, and s_ ch appoinrment shaU bc made by such Court as an admitted equity and a matter of absolute ~~gM to said MORTGAGEE, and without reference to the ~deyu;cy or inadequacy of the vatue oS the properry mortgaged or to the so~venty or insolvency of said MORiGAGOR or the defendanis, and that wch -~rs, prof+ss, inco~ne, issves and revenues shalt be appiied by such Rece+ver accorduig to the lien or equ;ty of said ldORiGAGEE and the practice of such Court, 8. To du:y, prornpt:y and fully pe~form, disctiarge, execute, effect, complete, comply w~th and abide 6y each and every the stipulat~ons, agreements, ;ondit~ons and covenants m sa~d promissory note and th~s mortgage set torth. 9_ That in the event the ownership of !he mortgaged p+emises, or any part thereof, becomes vested in a person other than the MORTGAGOR, the ":.~RTGAGEE, its successors and ass~gns, may, without notice to the ~~ORTGAOR, deai with such successo~ w s~ccessor in interest wifh reference to this ~*'ortgage ard the d_uf hereby secured in the same manner as w~th hlortgagor w~thc+~t in any way vitiating or d~scharging the Mertgagors' liability here- de~ or upon the debt heret~y secured. No sale of the premises hzreby mo~tgaged ar.d no forbearance on the pa~t of thp NIORTGAGEE or its successors u~ ass+gns and no eatension of she time fo~ the payment of the debt h~reby secured given by the lJIORTGAGEE or its successors or ass:gns, a~:ail operate ro re!ease, d~scharge, modify change or affect the orig~rtal liab~l~ty of the MORTGAGOR herein, either in whoie or in part. i0. !t ;s spec;fi:auy agreed that time is of the essence of this contract and that no waiver of any oblEgat~on hereunder or of the obtigation se- cvred hereby shall at an~ time thcreafter be hc:d to be a waiver of the terms hereof w of the instrumeM siwred herby. 11. In :;dd ?;c~ to the ferego ng momh'y paym=nts of princ pa{ and interest requ~red by the prom:sscry ~w'e sccured hereb~r, mortga~ar tovenants d ag::~s to ~;ay ro r*.o-igjgee rtiith each n,on!h'y pay~,~e»t an add.rional sum es:~reated b~ mortgagee to be equai to 1 12 of tha annual cost of the foliow- , 3: A--A{{ r~al Hroperty taxas le+i~~ or a:s~ssed agai•tis~ fhe above dexrib~d rrat estate_ B Fr,•r:~•,,s on f~re and wir.dstorm insurarce as iiere~n requ;red to be carried en the improvements s~tuate on the above dsscribed premises. C-Pre~.:;~,• s o? svch R:o: ty.,ge guaranty ir.sura~:ce as mortgaqee shatl from t;me to t6ne deem fit to carry on the loan secu:ed hereby. A4ortgaqce sh.~!1 'rc~n nme to t~ni¢ nor~fy mortgagor ~n writ~ng of the amovnt due and payable hereundar and such su:n shai! thereupon be due and .„ab!e on th.• c+.~~ d~!~~ or th~ neYr n,onth!y pay~nent and each successive momh thereaftcr ucti{ mortgagee shall not;fy mortgagor of a chaoge in such ount. Su:h sums ~h•a.i be api;:~~~J by +nortgag~,e toward the payment of real property faxes, insurance prem:ums, and mortgage g~aranty inzurance . ~em~ums_ • IN ~'~ITN~SS WHER~Of, the sa~d MORTGAGOR has hereunto set his ha~d and seaf the day and y ~first aforesaid. Signed, Seated and delivered in the presence of: ~ ~ , _ -r Seal) (Seaq - (Seal) - (Seal) ' S ~ A7E OF FLORtDA ~ COU'JTY OF St. Lucie _ ~ Before me personally appeared ~V1111dID p, Snoddy a~ I - /~Vallelle $7]OdCly , his wife, to me well known and known to me to be I tha individuals descri6ed in and who exewted the feregoing instr~ment, and acknow{edged before me that they executed the same for the purposes ' Avanelle Snodd r~.~reio expressed. And the said y ::;fe of the :a~a _~ailliam P. Snoddy ~ t~~~~t~,,,,,,,,,,;~,~ate c~~m~nat~on by me taken separate and apart irom her said husband, acknowtedged to and before me that she exetuted said irg~ ~de~jia?~,~/p~yn- ~~n~y and w~thout any compufs~on, constraint, apprehension, r fear of or from her said husband. i~ WITNESS my hand and offiua! seal this__ ~ day of September p. - r_Y ' ~ V~ r ~ y Public in and for the State= Ibrid~~a ge.,, = _ Cummizsion expires: J Q ~ Rer~rn To: NOTAR1r P{! _ First federal Savings 3 Loan As~~;~f;o~ 2~8381 MY ~MM~~~~ ~~M~ ~,als ~ ~o~a~ ' Of iurt Peroa. •o~,e•~ inru Crne.rt ~n, p~7 fori P:_~rce, Florid3 ~~wlNt~ . II~ED llNO RECpIlpE " J`~/ ~T. LUCtE COUMTY Ft~. L ~ ~ This tnstrument Prepared By J. H. Roberts, Jr. RdGER POITRAS First Federal Savings & Loan Association CIERI( Ci ~~UiT COUAT of Fort Pierce~ Florida RECORO VfRtFfED.......~~.. ~ Checked By ~Cf Z~ `I Ol 1 H~~Z I BOOK~V~ PACE~557 ~ js _ - - - - _ _ _ : -