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Home My WebLink About2310 To place and continuously keep on the bui'd+ngs now or hereaf~e~ ~~tuate on said land and on alt equip~nent and pe~sonally cove~ed by this mo~ ~9e, w~~h all prem~ums ~hrteon pa~d in 1u11, f~re insuronce in ~he usual standard po~+cy to~m, in a sum approved by the MOR~GAGEE, and w~:~dato insurance in the usual srandard po~;cy form, in a sum approved by the MORTGAGEE, in such tompany ot compan~es as the NtORiGAGEE m d~rect; and aU fire ar.d w~nJs~orm insurance po~~c~et on any of said bvild~r+ys, any interest therein or part the~eo~, in the aggregate sum aforesa~d in eacess ~hereof, shall contain the usual s~artdaid mortgagee dause or such o~her dause as the Mo~~yagee may requ~re, mak~ng the lo~s onde~ sa~d po c~es, each and eve~y, payabte ~o said h1pR1GAGEE as ~ts intr~est may appear, and each and every such poi~cy s6a:1 be prompNy ass gned and de~+vered j any held by said MOR(GAGEE as fur~her security to said mortgage debt, and, no1 Icss than fen (10) days in ad~a„ce of the expiratiun of each pot~cy, to d. i I;ver to ~aid MORiGAGEE a re~~ew31 thereof, together with a rece~pt fo~ the premium of such re~ewal; and ~here shall be no I~~e or winditonn insuranc t placed on any ol sa~d b~i~dings, any interesl thcrein or part thereof, unless in the form and with the loss payab~e as aforesaid; a~d in the event any su~ ( ~f money becomes payabte under such policy or pol~cies said MORTGAGEE shall have the opt~on to recaive and appty the same on account of the indrbtrd S ness secured hereby or ~o permit sald MORTGAGORS to receive and use it or any part ~hereof tor o:i,:~r pur~ ~ses, v.~~i~o~t ~h_•. u~ .v.:;.; :3 u~~~~p~n ~ ing any equity, lien w right undrr or by virtue of this mo:`gage; and in the event taid MORTGAGORS shall for any reaso~ fail to keep the said premisrs so ~ insured, or (ai) to deliver promplty any of said pol~ues o( insurance to said MORTGAGEE, or ioil p:omptly to pay fuily any pre~n~~~n therzior or in a~y respect tail to pe+~orm, d~scherge, earcu~e, effec~, comptete, comply with and ab~de by this covenant, a~ any parf hareof, sa~d MORTGAGEE may pface a~~d pay for such insurance or any part thereof w~thout waiving w affecting any option, lien, equ~ty, o~ right under or 6~ vi~1~e of th;s Mongage, and the fuil amount of each and e~ery such payment shall be im~ntdiately due and payable and shal~ bear interesl (rom the date thereof until paid at the rata of n~r.e per cenrum per annum and to~e~har wiih wch imerest shali be secured by the lien of this mortgage. To permit, commit or suFfer no waste, impairment a deterioration of said property or any part thereof. 5. To pay all and singular the costs, charges and expenses, including a reasonable at~wney's fee and costs of abstracts of title, incurred or paid at any time by sa~d MORIGAG:E, beca~se w in fhe event of the failure o~ the part of ~he said MORTGAGOR to dvly, promptly and fully perform: d~scharge. ~xecute, effect, canplete, comply w~th and ab:de by each and every the stipulations, agreements, condit~ons, a~{ covenan~s of said promissory note and this ~:ortgage any o~ e~~her, and sa~d costs, cha~ges a~d expenses, each and every, shall be immediately due and p5yable; whether w not there be notice dz n~and, attempt to coffect or suit pend~ng; and the fult amount of each and every such payment shall bear interes~ from the date thereoi until paid at the :•re oj ~ine per censum per ennu:n; and ait said costs, chargea and expenses incurred or paid, together wuh such interest, shall be secured by the lien of this mortgage. 6. That (al in the event of any breach ot this Mortgage or default on the part of the MORTGAGOR, w(b) in the event any oi sa:d sums of money : herein reierred to be not prom~tly and futiy pa~d w~thin thirty (30) days next aftcr the same severa:ly becon:e due and payabte, without demand or notice. ~ or !c) in thr event each and every ~he st~pufat~ons, agreemems, conditions and covenanp of sa:d promissory note and th~s mortgage any o~ e~th,^.r are not f i~ly, p~omptly and lully performed, d~uha~ged, executed, effected; completed, compiied wiih and ab~ded 5y, then in erther a any such evs~ the sa:d ag ; ~regate sum mentioned in said promisswy ncte thtn remaining unpaid, with intere>t accr~ed, and a11 moneys secured hereby, stial! become ue and pay- ao,e forth.vith, or thereaftc~, a1 ~he oprion of said MORTGAGEE, as fully and completely as ii all of the sa~d wms oF money were ongina~. y st~pulated to be pa~d on such d:.y, anything in sa:d pro~n~ssory note or in this Mortgage to the contrary notwithstandi~~g; a~id thereupon or therea4ter at th! opt~on of s:,:d MORTGAGEE, w~rhout notice or demand, sui~ at law w in equity, therefwe or thereaher begun, may be prosecuted as if all moneys secuied hereby n:•d matured pnor to Js institution_ ' 7. That in the event ~hat at the beginning of or at a~y time pending any suit upon this Mortgage, w to fwedose it, or 1o reform it, or to enforce payment of any claims hereur.der, aaid MORTGAGEE Shall apply to the Court having junsd~ction thereof for the appointment of a Rece:ver, suth Court shall 'crthwith apQoiM a reteiver of said mortgaged property all and singular, indud~ng all and singu~ar the income, profits, issues and ievenues from what0rer s^u:ce derived. each and every of wh~ch, it being expressly understood, is hereby morrgaged as if spet~fica{ly set torih and described in the granting and h~~end~m clavses hereof, and s~ch Receive~ shall have all the broad artd effecrive funct,ons and powers in anyw~se entrusted by a Court to a Recriver, and~ s:h appointment shall be made by such Court as an admitted equity and a matter of absolute r~ght to said MORTGAGEE, snd without reference to the + ad=query or inadequacy of tF.e value of the property mwtgaged or to the solvency or insolvency of said MORTGAGOR or the defendants, and fhot such ~ re~rs, profits, incane, issues and revenues shall be applied by such Receiver acco~dmg to the lien or equity of said MORTGAGEE and the practice of such 'a COUII. ~ 8. To duly, prompt:y and fully pertorm, d~scharge, execute, effect, complete, comply with and abide by each and every the stipulations, agreements, ' ;ondrtions and covenants m sa~d promissory note and this mortgage set forth. 9. That in the event the ow~ership of the mortgaged premises, a any part thereof, becomes vested in a perwn other than the MORTGAGOR, the :•.ORTGAGEE, its successors and assigns, may, w:~hout notice to the MORTGAOR, deal with such successw or succes:or in interest wirh reference to this n-ortgage and the deb~ hereby secured in the same manner as with PAortgagor without in any way vitiating or discharging the Mortgagors' liabi~ity here- ;,nder or upon the debt hereby secured. No sa:e of tne premises hereoy mo~tgaged and no (orbra:ance on ihe part of the 1110RiGAGEf or its successars cr assigns and no extens~on of the t~me for the payment of the debt hereby secured given by the MGRTGAGfE or its successors w ass:gns, aiiall operate !o re!easa, d~scharge, modify change or affect the originai liability of the MORTGAGOR herein, either in whoie a in part. 10. It is spec~fically agreed that time is of the essence of this contract and that no waiver of any obligation hereunder or of the obligatio~ se- cured hereby shall at any time thereafter be he:d to be a waiver of the terms hereof or of the instrumenl secured heiby. I1. In add:non to the iorego'n9 monrniy paym~nts af princ'pal and int=rest requ~red by the promisscry no!e secured hereby, mortgagar covenants jr.d agrees to pay to mortgagee v~~th each month!y payn:ent an addi~ional sum est~mated by morigagee to be equal to 1, 12 of the annual cost of lhe follow- , '3 A-All real urooerrv ta,cas levied or assesse3 aqainst the abeve described real estare. ~ f B- Pr~n:tums an fire and v~indsto:m insurar.ce as herein requ~red to be carried on the improveme~ts situate on the akwve d=stribed premises. ~ C-Prem~ums on such mortg;ge g~aranty ir.sura~,ce as mortgagee shail irom t~me ~o time deem fit to carry on the loan secured hereby. 'i Mortgagee sha~l from time to time norify morigagor in writing of the amouM due and payable hereunder and such surn shall thcreupon be due and f ;,;able on the d~-r dare of ih: n~xt monih:y paymeot an~ each successive month thereafl~r ur,til mortgagee shall not~fy mortgagor of a change in such ` ~-,o~M. Such wms s6ali be ap~~:ied by mo~tgagee toward the payment of real property taxes, insu~ance prem.ums, and mortgage guaranty insurance ~ ~~~emiums. , ~ IN \'JITN~SS LtiHER'cOf, the said MORTGAGOR has hereunto set his hand and seal the day and year first afpfesaid. rSigned Sealed an er ' the sence of: i/ ' ~ - ~I ~ ` Seal) ~ti s ~ Jose Li co (Sea,) ! ~ (SeaO M e Linc ln ~~a~ STi.TE OF FLORIDA St. Lucie ~ ~ ~ ~OU'JTY OF ~ ; Befwe me personally appeared Joseph Lincoln a~,d Mylt 1@ Lincoln his wife, to me well known and known to me to be ~ thr individuals described in and who executed the foregoing instrument, and acknowledged before me that they executed the same fw the purposes !h~~rein expressed. And the said MYrtle Lineoln ~ r:~{e of the ~~a _ Joseph Lincoln upon a separate and private e=am~narion by me taken separate and apart from her said husband, acknowledged to and before me that she executed said instrument f~eely and voluo- ~ ra;,ly and w~thout any comp~tsion, constraint, apprehens~on, or f ar of w from her id husband. ~ ~ „s Se tember p0. 2 ~ .~9~-.~ Wiii~'c.'~.i niy Fiorn~ et..i aSl:.ia: s2a~ :t::t_ da f - ~ ~ v ~;i• y,' • t: ~ - N a Public in and for the Sta e. ~~d af', _ M Commission expires: %~-~r~ ~ !-vr....~ . . . . . _ . _ ~ ~ i Return To: .jY r~ r~.V ~ ~ r.:J:J.~ a...,.i"7.. . First Pederal Savmgs b Loan Associanon P~~iy~tD c ,,',,-t,• ° i ~ Tti:ZU F~::D 1'f. Diwicltt~ti~i?, c # Of Fort Rerte. ~ t fort PiarCe, Flcricla ( ~13 ~ 238868 _ ~ EO AND RLC~ao~~ _ This Instrument Prepared By Ronald L. Stu~~'~~~IE COUM Y f ~ First Federal Savings & Loan Association ROGEp P~~T1lA8 i a CLfRK CI:~GU?t COUItt ~ of Fort Pierce, Flor d pECOR~YE*~`~E~"'~'~- Checked By ~ Z9 3~ PH'TZ aooK~s P~2~ ~ ~ ~ „ _ ` ~ :~~rr ssr?-_._ s _ ~s ~