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Home My WebLink About2190 ~ . s . 3. To plate and tontinuously keep on tht bui!d~ngs now or hereafte~ ~ituate on said land and on alt cqu~p~nenf and persona~~y cove+ed by this ~nw ~ age, with al! premium~ thereon pa~d in ful1, (~re insura~~<e ~n ~he ususl standaid pot~cy (orm, in s sum aFproved by ihe MOR~GAGEE, and windsto insurance in ~Ae usual standard pol.cy for~n, i~ a sum approYed by the MORTGAGFE, in ~uch company or compan~es aa the MORTGAGEE m dircct; arid all tire and w~ndstorm insurarxe poticies on any of sa'rd build~ngs, any intaest therein or part thereoi, in the aggrega~e sum afo~esaid in excess ~hereof, s~all contain the usual standard mor~gagee clause a such other clause as ~he Mar~gagee may requ~re, making the loss unJe~ sa~d po ues, each and every, payabte to said 6~ORTGAGEE as ~ts imerest may appear, and each and every wch poticy shail be prompNy ass gned and delJvered ~ any held by uid h10RIGAGEE as (urther security to sa:d mortgage debt, and, not leu than len (10) days in advance ol the expiration ol each policy, to d~ liver to said MORTGAGEE a renewal thereof, togethe~ with a receipt io~ the p~omium of such renewal; and ihere shall be no fire or wii~dsto~m insuranc Placed on any oi safd buitd~ngs, any inte~est therem u part thereof, unleu in tix~ fo~m and with the loss payable as afo~esaid; and in the eveM any sun of money becomes payable unde~ such policy w pol~ues said MORTGAGEE shall have ~he opt~on ~o reca~~re and apply the same on account of ~he inda6~ed ness secured hereby w to permit said MORiGAGORS to receive and use it or eny pa~t rhercof for orn~~r HurF~osrs, ~v~~hout th:.. i>~ ~veivin3 or unp~~r ing a~y equ~ty, lien or r;ght under or by virtue of this mo-!gage; ~nd in ~he event sa~d MORTGAGORS shall fw any reaso~ fail to keep the said premisrs so insured, a fail to det~ver promptly any of sa~d pol~ues of insurance to said MORTGAGEE, or fail promptly to pay (ully any pre~n~~~n therefo~ or in any respecr fail ro per(orm, d~scharge, execute, e~fect, complete, comply wirh and abSde by this covenant, w any pa~t hareof, said MORiGAGEE msy place a~~o ~ pay fw such insurance or any pa~t thereof w~thout waiving a affecting any option, lien, equ~ty, or right under w by virtue of this Mortgage, and the full amount of each and every such payment shall be immediately due and payable and shall bea~ inte~est f~om the date ?hereot until paid at the rate of ~ nine per centum pe~ annum and togeiher with such inrerest shall be secured by the lien of this matgage. ~ 1. To permit, tommit or suffer no waste, impairment w deterioration of said property o~ any part thereof. ~ S. To pay aIl a~d singular the costs, charges and expenses, including a reasonable attwney's fee and costs of abatracts o( title, inturred o~ paid at ; any time by said MORTGAGfE, because w in the event of the fa~lure on the part of ~he said MORiGAGOR to duly, promptly and fully pe~iwm, d~scharge. ~ execute, etfect, complere, comply w~th and ab:de by each a~d eveiy the stipulat~ons, agreements, conditio~s, and covenants of said prom~ssory note and th;s ; mortgage any or e~~her, and sa~d cosrs, charges and expenses, each and every, shatl be immediatety due and payabfe; wAerher or rtot there be norice de~ mand, attempt to collect or suit pending; and the full amount of each a~d every such payment shall bear interest f~om the date thereof until paid at ?he ~~te of nine per centum per am~u~r, and all said custs, charges and ezpenses inturred w paid, togethgr wah such interesl, shall be secured by the tien of this mortgage. b. That (a) in 1he event of any breach of this Mortgage w defaulf on the part of the MORTGAGOR, or (b) in the event any of snld sums of money herein referred to be ~ot pro~n~tly arr.l f~lly paid within thirty (30) days next after the same severally become due and payable, without demand w notice, o. (c) in the event each and every ~he stiputations, ag~eeme~rs, cond~tions and covenant: ot sa;d prom~sso~y note and th~s mortgage any w ei~her are not ~uly, promptly and fully performed, d~schargrd, executed, effected, canpleted, compl~ed wi~h and ab~ded ~iy, then in e~the~ or any such event the :aid ag gregate sum mentioned in said promisswy note then remaining unpaid, with interest accrued, and atl moneys secured hereby, shall betome due and pay- able forthwith, or thereaiter, at fhe option of said MORTGAGEE, as fully and completcly as ii all of tl,e said sums of mpney were onginally stipulated to be paid on such day, anything in sa:d promisswy note or in th~s Mutgage to the contrary notwithstanding; and ~hereupo~ w thereaiter at the option of sa~d MORiGAGEf, without not~ce or demand, svit at law or in equity, the~efore or thereafrer begun, may be prosecuted as if alt moneys secured hereby nsd masured pnw Io its institution. 7. That i~ the event that at the 6eginn~ng of or at any t~me pend~ng aoy su~t upon th~s Mortgage, o? to foreclose it, or to reform it, or to enforce payment of any claims hereunder, said MORTGAGfE shall appty to the Courf havi~g jurisd~crion thereof for the ap~;o~ntment of s RKeiver, suth Courf shall forrhwifh appoint a receiver of said mortgaged property all and singutar, includ~ng all and s~ngular the income, profits, issues and revenves from whatever seurce derived, each and every of wh~ch, it being expressly understaod, is hereby mortgaged as if spec~fically set forth and deuribed in the granting and habendum clauses hereof, and sucF~ Receiver shall F~ave alt the b~oad and ef(ective funct~o~is and powers in anywise entrusted by a Court to a Receiver, and s..ch appointment shall be made by such Court as an admitted eguity and a matter of absotute righ~ to sa~d MORTGAGEE, and without reference to the adequacy w inadequacy of the value oi the properfy mortgagec! or to the sotvency or inso~vertcy of said MORIGAGOR os the defendants;t'and that such renrs, p~ofits, income, issues and revenues shall be applied by such Receiver accordin to the lien w P Court. 9 equity of sald M41RiGAGEE and the practice of such j 8. To duty, promptfy and futly perform, d~scharge, execute, ef(ect, comptete, compty wirh and abide by each and eve~y the stipulations, agreements, conditions and covenants in sa~d promissory note and this mortgage set fwth. 9. That in the event the ownership of the mortgaged premises, or any part thereof, becomes vested in a person other fhan the MORTGAGOR, the M1"~ORTGAGEE, its successo~s and assigns, may, witho~t notice fo the MORTGAOR, deal with such successor w successor in interest with reFerence to this ~r ortgage and the deot hereby secur~ in the same manner as wiih Mortgagw w~thout in any way vitiating or d~scharging tFie IJbrtgagors' liability herr under or upon the debt hereby secured. No sale of the premises hereby mortgaged and no forbearance on the parl o~ the MORiGAGEE w its successors or assigns and ~ro exte~sion of the rime for the payment of the debt hereby secured give~ by the MOR?GAGEE or its successors or assigns, atiall operate to release, d~scharge, modify thange or affect the original liaoility of the AM1ORTGAGOR herein, either in whole a in part. 10. It is specifically agreed that time is of the essence of this tontract and that no waiver of any obligation hereunder or of the obligaf"wn se- cured he~eby shall at any time thereafter be held lo be a waiver of the terms hereof or of the instrument secwed herby. 11. In add:tion to the fwego'ng month!y payments of princ'pat and interest required by the prom~ssory no!e secured hereby, mortgagor covenants and agrees to pay to mortgagee vsith each monrh!y pay~:eent an add~~ional sum estimared by mortgagee to be equaf to 1; i2 of the annuai cost of the fofiow- :ng: . A-A;I real property taxrs levi~d or assessed against the above descri5ed real estaee. B-Pre~niu~ns on fire and windstor~n insurar.ce as here~n requ:red to be carried on the improvrments sitvate on the above described p?emises. ~ C-Pre~n~ums on such mortgage guaranty ir.surar,ce as mortgagee shalt {rom t~me to time deem fit to carry on the loan secured hereby. s Alortgagee shail !rom time to t;me notify mortgagor ~n writ~ng of the amount due and payable hereundar and such sum shall thereupon be due and ~syable on the due date of rhe nexr month:y payment and each successive monfh thereafter ur,til murtgagee shall notify mortgagor of a change in such >•:ount. Such wms shail be applied by mortgagee roward the payment of real property taxes, insurante piem:ums, and mortgage guaranty insurance e~emiums. ~ ~ IN Y~lTNE55 L'1HE OF, the sai ~MO TGAGOR i~as hereunto set his hand and seal the day and year first aforesaid. ~ Signed, Se led a d del' ered i 'esence of ~ a~ _ k - (Seal) i 't'~''` a sinale adult ~ar~ ' rseaq STATE OF FLORIDA ~ COUNTY OF $t. Lucie ~ , 1 Befwe me personally appeared Jaeques VaII D~er Eecken, a single SC~LIlt ~ hit.wii~, to me wel! known and known to me to be the individual~ desuibed in and who executed the fwegoing instrument, and acknowtedged before me that ~ executed the sarrK,~~ the purposes therein expressed. J1oi~~a:aL ' ~ C;j~r ~ ~ °•r+~- -w+4e-o~ ~be-sfii ~ r ~ !~s" ~1R -c~.vairit~n~.by.+~e-t~kirw~e'.va~e.a~i~ra~t1»wr.i~r-e~iid+~~w~-wk~owlai~J~o-~i~fK~+~.~h~?-fi~~ p ~ • H~Iy.a~d.wil~wN.inY'~~P+~wM.~M~?iwtr~Mhewsiow~.or-EM~~f «.fwiw ~aiilwwb~~d.. ~~Yn~<~G~~~~` 1`k: . WITNESS my hand and officia! seal this 28ttI day of $@ ~@IDb Y ~ / ~ ( ~ ~f~ ~ \ • J ~ _ ~ Notary Public in a for the State ~jwJ'~ tar$ff ' Retum To: My Commission expir (~YC~ 1~7~,.•~ ~ . . . - s L 0 Y'?~ - • : first Federal Savings a toan Assotiat+on - 238800•- : ~ ~ ~ Of Fort P:erce. : ~ Fort Pierce. Florida • - ' .o • - . . `:3" ' f11E4 AND RECQRQLQ ~ ~ ~ - Sf. LUCIE COUM1Y FLA. ~ ROCER POITR~S This Instrument Prepared By H~ Roberts~ Jr. ELERK C!~6Utt COUAT ~ First Federal Savings & Loan Association RECORG YER?f1E0...~....~.~. ~ of Fort Pierce~ Florida ~ Za 3~4 PN Checked By n~ o~, ~ ~ ~/K' ~ + ~ x 206 Pa~~~.186 ~ ~ ~ _ : ~ _ _ _ _ z _ ~ ~ ~.~4~.~ J~ ~ ~s.s ~ , -