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Home My WebLink About2505 J. To p!ace and cont~nuously keep on ~he bu~:d~ngs now or hereafter ~ituate on sa~d land and on ail equip~nent and pc?lonally tov~~ed by IFif ~ age, w~th all premwm~ Mereon pa:d ~n full, i~re insurance ~he usual staixlard po!icy form, in a aum appioved by the MOR~GaGEE, and windsto Insurance in tha usual standa.d po~.cy torm, in a s~m approved by ~he MORTGAGEE, in such co~npany or compan~es ns the MORiGAGEE m direct; and all fire ard w:ndsto~m insuranct policies on any ~f sa~d kwild~ngs, any interest therei~ or part thereoi, in the aggregate sum aforesaid in eacess thereol, shall :omain the usual standard mortgagee clause or such other clause as the Mortyagee may reqwre, making thr iots unde~ sa~d po des, each and every, payab!e to said MORiGAGEE as ~1s iroerest may appear, and each and every such poi~cy shall be promptly ass gncd a~~d de~~~ered ~ any held by a.~d MORTGAGEE as (urther sacurity to said mortgage dabt, and, not less than ten U01 days in advance of the expiration of each pol~cy, fo d Gver lo said A10RiGAGEE a renewal thereof; toge~her with a rece~pt for tAe premivm of such renewal; and th~re shall be no i~re o~ wi~~dsto~m insuranc placed o~ any of said bui!d~ngs, any ~nterest lhere~n w part thereof, unfess in the form and with tl~e loss payab~e as aforesaid; and in the evenl any su~ of money becomes payable under such policy or pol~cies said MORTGAGEE shall have the opt~on to recaive and app!y the sa~i~e on account oi the indebted neas secured hrr~by or to perm~t sa~d MORTGAGORS to reteive and use it or any pa~t ihe:eof for ocnrr pun osrs, v.:~~~ovr ~h,•. u~ .v~r.~.~;~ c~ ~~~~p~~r ~ng any equ~ty, I~en w r~ght under or by vinue of th~s mo~!gage; and in the event sa~d MORTGAGORS sfiall fo~ any rzason fa~I to k,:ep the sa~d prem~ses so inav~ed, or fail to deliver pranptly any of said policies of insurance to said MORTGAGEE, or fail promptly to pay futly any pre~ni~m thercfor or in any respect fail ro pe~iorm, d~scha~ge, e+ecute, eifect, complete, comply with and abide by this covenan~, or any part hrreoi, sa]d MGRTGAGEE may p~ace a~tl pay for such insurance or any part thereof w~thouf waivi~g or affecting any option, {ien, equ~ty, or ri~ht unde? or by virtue oF this Matgage, ~nd tht full amount of each and erery such payment shall bt immediately due and payable and shall bear interest irom tha date thereof until p.id at the rate o1 nine per cenrum pe~ ann~rn ~nd to~Nlhcr vaith ~uch interest shali be src~red by thr lien of this mo?fgage. ~ 1. To permi~, commit or su`fer no waste, impairment or deterioration of said property or any part Ihereof. 5. To pay a?I and singu~ar the costs, charges and expe~ses, including a reasonable att~rney's fee and costs of abstracls of title, incu~red or paid at any time by sa~d MORTGAG:E, because or in the event of the faiiure on the part of the said MORTGAGOR to duty, promptly and fully pe~fwm, d~uharge. ~xecute, effect, comptete, comply wah and ab:de by each and every the stipulat~ons, agreemenu, conditions, and covenants of said pranissory note and th;s mortgage any or e~rher, and sa;d costs, charges and expenses, each and every, shall be im~nediately due and payable; whe~her or not the~e be notice de mand, attempt to collecl or suit pend~ng; and the full amount of each and every such payment shail bea. interes~ from the date thereof until paid at the ~,~re o~ n~ne per crnrum per annu~n; and all said cos+s, charges and expenses intwred or paid, togather wdh such in~erest, shall be secured by the lien of thif mortgage. 6. That (a) in 1he event of any breach of this Mortgage or defavlt on the parf of the MORTGAGOR, w(b) in the event any of sa`d sums of money herein referred to be not promptly and fully paid within th~rty (303 days next after the same severalty becor-ie due and payable, without demand or notice, or (c) in the event each and every the stipulations, agreements, conditio~s and covenants of sa:d promissory note and th~s mortgage any or' either are not 3uly, pro~nptfy and fully performed, d~scharg~d, execured, eftected, completed, complied with and abided `ay, IFun in e~ther w any such event the sa~d ag- ~regate sum mentioned in said promissory note then rema~ning unpaid, with interest actr~ed, and atl moneys secured hereby, shatl become due and pay a6~e (onhwith, or fhereafter, at the opt~on of said MORTGAGEE, as fully and complete~y as if all oi the sbid sums of money were w~g~nally st~pufated to be paid on such dcy, anytk~ng in sa:d prom~ssory note or in this Mortgage to the contrary notwithsrand~ng; and thereupon or thereafter at the opt~on ot sa,d MORTGAGEE, w~thout notice or demanJ, suit at law w in equity, therefore or thereaiter b:gun, may be prosecuted as if all moneys secured hereby h.:d matured pr~or to its institution. 7. That in the event that at the beginn~ng of or at any time pendi~g any suit upon this Mortgage, or to iweclose it, or to reform it, o~ fo enforte ~-ayment of any claims hereunder, said IdORTGAGEE shall apply to the Court having jurisd:c~~on thereof for the appointment of a Receiver, such Court shall forthwith appoint a receever of said mortgaged property all and sir?gular, includ~ng all and si~~gular the income, prof~ts, issues and revenues f~om whatever s~~rce derived, each and every of wh:ch, it being expressly undersrood, is hereby mor~gaged as if spec~fically set io~th a~d dexribed in the granting and h~3bendum piauses hereof, and such Receiver shall have all the broad a~d effective funct,ons and powers in anywise entrusted by a Cou~t to a Recaiver, and s. ch appointment shail be made by such Court as an admitted equity and a matter of absolute right to said MORTGAGEE, and without relerence ro the adeyuacy or inadequacy of the value of the property mortgaged or to the so~vency or insoivency oi sa~d MORiGAGOR or the defendants, a~d that such r~_-~?s, profits, i~cane, issues and revenues shall be applied by such Receiver accord~~~g Eo the iien w equity of said MORTGAGEE and the practice of such Court. . 8. To du1y, prompt:y and fully perform, d~:charge, execute, e(fect, complete, comply with and abide by each and every the stipulations, agreements, ,onditions and covenants in sa~d promissory note and this mortgage set fath. 9. That in the event the ownership of the mortgaged premises, w any part thereof, becomes vested in a pe?son other than the MORiGAGOR, the .".ORTGAGEE, irs successors and ass~gns, may, without notice to the MORTGAOR, deai wi~h s~ch successor o~ successor in interest with reference to this ~r.o~~gage ar.d the deut hereby secured in the same manner as with Mortgagor without in any way vit~ating or d~scharging the Mortgagori liability here- under or upon the debt hereby secured. No sale of tl~e premises hereby mortgaged and no forbeara~ce on Ihe pan of the 1~IORTGAGEE or its successors or assigns and no extension of rhe time for the payment of the deb+ he.eby secured given by the MORTGAGEE or its successws or assigns, ahall operate ~o re~ease, d~scharge, modify change or affect the o~iginal liabi:ity of the MORTGAGOR herein, either in whole or in part. 10. It is speuficatly agreed that time is of the esse~ce of this contract and that no waiver of any ob!igat~on hereunder or of the obligation se- cured hereby shaL at any time thereafier be he!d to be a waiver of the terms hereof or of the instrumero secured herby_ l l. Ir. add:tio~ to the iorego ng month!y payments of princ'pa! and interest req~ired by the prom swry no!e secured hereb/, mortgagor covenants e d agrccs to pay to niortg>gee ~nith eacfi mon+h'y paynlem an add~~~ona~ sum esh.ma~ed by mortgagee to be equal to 1, 12 of the annual cost of the follow- A-AII real property taxes lev~ed or asszssed agai•ist thc above described real estate. 6- Fr.~m:u~ns on f~re and winds!onn ~ns~rar.ce as nerein requ:red to be carried en the improvemeits s~tuate on the above desc.ibed premises. C-Premiuu~s on such mortg;ge guaranty ir.s~rar~ce as mortgagee shatl from t:me to time deem fit to carry on the loan secured hereby. I~ Mortgagee sh~:l from ri:ne to t~~ne no!i(y mortgagor in writfng of the amoy~t due and payable hereunder and such surn shatl there~pon be due and f ;:yable on the due cia!e of the nexr monthiy payrnent and each successive month thereafi~r ur.til mortgagee shall notify mortgagor ef a chartge in such ~ ~-rount. S~ch swns sha.i be app:~ed by mortgagee toward the payment of real prope~ty faxes, insvra~ue prem~ums, and mortgage guaranty i~surante ~ ,~~emwms. ~ IN ~'JITPJESS 't:H~REOf, the sa~d MORTGAGOR has hereunto set his hand and seal the day and year first aforesaid. ~ Signed, Sealed and delivered in the presence of: y,~,, / ~ R - 7.~ ~ ~(~`~G.~ „/o (Seal) ~ {Sesl) (Seaq (Seap ~ ATE OF FLORIDA ~ St . Luc ie ' COUNTY OF ~ Befwe me personally appeared E~ett E. Whlte~ a single adult hizwife, to me well known end known to me to be !ne ind~vidua~ described in and who executed the foregoing instrument, and acknowledged before me that /hq/ executed the same fw the purposes therein expressed. And-~he-xid , ~ wifa-of-th~said - -++Pa+~~aparat~ w4ai~`'•~' h E~cam~aai~orL6y-rn~taiceo sapuats a~d ~pa~t-frowrher aeid-4ivabend,-ackr~w~ledged-ta and-befMeTR-tltaT Sh8'E7C~JTAd33f~ 1nSt/'uff~EhT' ft~~d~~1111~. i ~ iau~Y do~ W iihout .aey_compulsiew. <wntraiwb appn.~ensi e?-fea? of erffotn-hersaid fiosban~ September ~ 72"~•.~, ~ WITNE55 my hand and officiaf seal this__ day of ~~A= ~q~T ; ' ~ ~ ~ ~ Nota Public in and for the Stste of da ?~e ~ :,t : My mmission expires: NOTARY IC, ~ ~~'~~E ~ Return To: MY (~M SSIOK7Xp~nr~~C~ ~r N15 •jl~ First Federal Savings S Loan Associat~on Bond~O Thru G~weia~~nsYr ~.y~~ ~ or P.~«~. ~LO~~E ~ UMTf iGA• ' < Fort Pierce, Florida l . ` ~ , - ~ ~i~ ~Od~a ~~~t~A~ ~ • ~ a~EaK c~ecu?s cou~ a9 - 7 S~ RfCOR~ yf F~F1E0 ~ This Instrume~t Prepared 6y John lJ. Collins ~ First Federal Savings & Loan Association ~ 3 of Fort Pierce, Flo rida ' S~pp vc~ ~i Checked By El~~__ Z3 B00lf ~:?UV F41~f • ~s ~ K~ ~ _ } _ ~ : - _ ~.~...,v _ ~ . . ~~w~°~~: