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Home My WebLink About2682 3. To p'ace and continuo~sly Aeep on the bu~'d~ngs now w htreaher situate on said land and on al~ equip~nent and personally cove~ed by this mar age, w:th all prem~ums thereon pa.d in ful!, 1ue insv~ance ~n the us~al s~enda~d {w'icy (o~m, in a sum aHproved by ~ha MURtGAGEE, and windsto ~nsurante in tha usual st~nda~d pol,cy form, in a sum app~ornd by the MORTGAGEE, in such company or tanpan:es as the MORTGAGEE m d~reu; and ati lire ar.d w~nd;rorm insurance po~~ues on •ny of sa~d build~ngs, any interest ~herein or par~ thereof, in ~he a99regate su~n aforesa:d in eacess ~hereof, st~all cont,:in the ~sva1 sta~:dard mor~gagee uause or such other ciause as Ihe Mortyagee may requaro, mal.ing ~he ioss ~~~Jr~ s~~d po c~es, each and every, pay~b!e Io said \~JRTGAGEE as ~ts intare~t may appear, snd each and every such po:~cy shall be promptly ass ynrd ar•d de~~varrd ~ any held by sa~d l.10RTGAGiE as iur~har security lo said mort9age debt, and, not leu ~han ten (10) d~ys in ad+ance of the expuat+on of each paticy, to d~ 1~ver lo sa~d MORTGAGEE a renewal thereof, together w~th a rece~pt fw the premium of such ~ene++al; and there sha~~ be no f~re or w~~~dsto~m inwranc placed on any of sa~d build~~gs, any inrerest there~n w part the~eof, unleas in the form and with the loss payabte as aforesaid; and in ~he even~ any s~n of money betomes payabte unde~ s~ch policy or pof:<ies said MORTGAGEE shall have the ophon lo receitie und app'y tha same on accoum of the ind~•bted ness s~c~red h~:reby or ~o pennit sa~d MORTGAGORS to receive a:sd use it w any part ~he:eof tor o:n•~r ~iWF':JSCS, v..t~~c.:t ~h_~~u, ~3 ~~'~P~~~ ~ng any equ~ty, lien or r~ght u~dar o~ by virtue of this mo-rgage; and in the event sa~d MORTGAGORS shall 'or any reason fail to k~~ep thc sa~d prem~ses so msured, or fail to deGver promptiy any of said pol~ties o( insurante to said MORTGAGEE, or fai! p:omptly to pay fu~ly a~y pre~~u~m thcr~for a in a~Y respect fail to per}orm, dncharge, execute, effec?, comp~ete, comply with and abide by this cove~aN, o~ any part hareof, said MORTGAGEE may p~ace a~~d pa~ for such inwr..nce o~ any part ~hereof wlthout waiving w affecting any option, lien, equi~y, or ~~ght under o~ by virtue of this Mo~tgagr, and thc tull amo~nt of each and ecery such pay:nant shall be immediately due and payable and sfiall bear interest from tha date thereof ur.til paid at tix rate of n',ne per cent~m per annu~n ,,nd ro~etha~ wifh s~ch interest shaii be srcured by the lien of th~s mortgagz. 4. To permit, commit or suf(er no waste, impairment a deterioration of said property w any part thereof. 5. To pay all and s~~9~lar the costs, charges and expenaes, including a reasonable atforney's fee and costs of abstracts of titte, incurred or paid at an~ time by sa~d S~tORTGAGEE, because w m the evem of ~he fallure on the par~ of the said MORTGAGOR to duly, pro:T~p~ly and f~:lv pe~torm, d~scharge. e.ecute, effect, cemple~e, comply wnh and ab:dp by each and every the stipulahons, agreements, conditions, and covenants of said p~omissory note and ~his ,,ortgage any or edher, and sa:d costs, chargrs and expenses, each and every, shall be immediateiy due and payab:e; whether or not there be not~ce d~ mand, attempt to cotlect or suit pend~ng; and the iull amount oF each and every such payment shall bear interest Irom the date thereof umil paid at the r. re o~ n~~~e per c~•nt~m par an~ii:.n; a~ed ail said costs, cnarges ar.d ex~nses incurred or paid, together w~th suth interrst, shall be secured by the litn of thii mortgage. 6. That (a) in tfie event of any breach of this Mortgage or default on tF~ pa~t oi the A10RTGAGOR, or (b) in the event any of sa:d sums of money herin referred to be not promptly and fulty paid w~thin th:rty (30i days nexi aficr the same seve~a'.Iy trcome due and pa~able, without demand or notice. or (c) in the e+ent each and every the stipulations, agreements, cond~tions and tovenanrs of sa,d promissory note and th~s mortgage any or either are not iuly, promptly and (u!Iy performed, d.scharged, executed, effected, completed, compfied w~th and ab~ded Sy, then i~ ei~her or any such evem the sa~d ag- y~_gare sum mentio~~ed in sa~d promissory noie then remaining unpaid, with interest ac.~ued, and a~i moneys secvred hereby, shaU becc,me d~e and pay- ao.a forthwith, or therea(ter, at the op+ion of sa~d MORTGAGEE, as fuily and completely as il a11 of ~i~e said sums of money were onginalty supwated ro be pa:d on suth dcy, anything in sa d prorn~ssory note or in this Mortgage to the co~tra~y nor,vithstand~ng; and thereupon or therealte~ at the opron of s~ d MORTGAGfE, w~thout nonce or demand, suit at law a in equ~ty, therefore w thereai~er begun, may be prosecuted as if all moneys secured hereby r.,d matured prior to ~ts instituuon. 7. 7ha1 in the event that at the beginn~ng of w at any time pending any suit upon this N!ortgage, or to foreclose it, or to re(orm it, or to enforce payment of any da~ms hrreunder, said htORTGAGEE shall apply ro the CouA having jurisdction therMf Sor the appo~ntment of a Receiver, such Court ahall icrthwirh appoint a receiver of said mortgaged property all and singufar, includ/wg ell'and. singuiar fhe ir.~ome, protns, issues and rPVen~es fran whatever s. •,rce derived, each and every of whkh, ~t be~ng expressty ~ndersrood, is Aereby 1nw~ga~ed as ~f speuEica~ty set forth aod described in the granting and h,:~endum cla~ses hereof, and wch Receiver shall have all the broad and effective ~unct~ons and powers in~anywise eot/usted by a Court to a Receiver, and s ch appointment shalt be made by svch Co~rt as an adniitted equ~ty and a matter of absolute right to said MORTGAGEE, ar.d w~thout reference to the r.:!ayoaty or inadequacy o~ tF.e val~e of the properfy mortgaged or to ihe so~venty or insolvency of said MORTGAGOR or the defendants, and that s~th r~ • rs, proiits, inco.r.e, issues and reyenues shall be applied by such Receiver according to the lien or equity of said MORiGAG.EE and the practica of such Cuurt. 8. To d~ty, promptly and fully perform, discharge, execute, effect, cort+plete, comply with and abide by each and every the stipulations, agreements, ;ond~t~ons and covenants m sa,d promissory note and th~s mortgage set forth. 9. That in the eve~t the ownership of the mortgaged premises, w any part thereof, tecomes vested in a person other than the MORiGAGOR, the ,''JRTGAGEE, its successo.s and asvgns, may, without notice to the V?ORTGAOR, deai wnh such successor or successor ~n interest with reference to this r o•~gage and the d_bt hereby secvred in the same manner as with ldortgagor without in any way vitEating or d~zcharging the Idortgogori liability here- ;~.drr or upon the debt hereUy secured. No saie of the premises hereby mortgaged ar.d no forbearance on the part oi the f1~ORTGAGEE or its successors c~ ass~~«s and no extens~on of fhe time for the payment of the debt hereby secured given by the MORTGAGEE or its successors or ass:gns, ahall operate !o re~ease, d~scharge, mod~fy change or affect the original liab~t~ty of the MORTGAGOR herein, either in whole or in part. 10. It is spec~fica~ty agreed rhat time is of the essence of th~s cont:act and that no waiver of any ob~igation hereunder or of the obligation sr c::~~d hereby shali at any time :hereatter be held to be a warver of the terms hereof or of the instrumero secured herby. 1 l. (n :.ac1 t:c ~!o th< torege ~~3 rnunin~y payments of princ aai and intrrest required by ihe prom sscry r.oee se~wed he~eb~/, mortga~or co•renanis d agr.es :o ;;ay to n:o-t~~g~e m~:h each monthiy pay~. e:~t an add~r,onal wm est~n,ated by mortgagee to be equal to 1 12 of t:ie annual cost of the foilow- A-AI~ r~af prop•~r!y taxas le•n•~d o+ aszesseci agai•:st the above desvibed real estate. 6 F~::,.;.::,s on i:r~ ar.d v~indstorm ~nsura~~ce as here~n requ~red to be ca~ried en the im;;roveme~ts s~tuate on the above described premises. C-Pra~~:~~~~ s on wch n:orrgage guaranty irsvra: ce as mortgagee shall f~om t me to time deem fit to carry on the loan s^cured hereby. ~ '~c:n t~n,~ to ~~~:e not~fy morrgager in •Nr~t~ng of the amouht due and payable hereund.r and such sum shatl th~~reupon be due and I hlortga3cc sha'! f ..,bfa on th~~ cl~e a~~~: oi the next ~~onth:y paymem and each succeszive month thereafrer ur.til mortgagee shal! not~fy mor!gagM of a cha~e in such ~ ,,,nt. S~ch sums sF,3.~ ~-e a;~F.'~ed by mortgag_e ov+,ard the payment of rea: prepe~ty taaes, insurance prem.ums, and mortgage guaranty insurante e~ nwms. ~ ` IN b':ITP~ESS V:tjER~C~, the s`n MORTGAGOR as hereunto set his hand and seal the day and year first atoresaid. t Signed, Se !ed ~nd dkliver presence o: _ ~ - ~ /.t~~~i .rf~ (Seal) ($eal) (SeaQ Creola Youn ~~aq ~ '-'S";,TE OF FLORIDA 1 ~JU'JTY bf St. Lucie j ~ Befo~e me personally appeared Aaron Young and C reola Young his wife, to me we? known and known fo me to be ~ individvafs described in and who executed the foregoing instrvment, and acknowiedged before me that they executed the same fW:,f~ Wrposes tFe•ein expressed. And the said__ CY@Ola Young ~ _ , fe of the sa~d _ Aaron Young up~Rr rat8`erid~p•ivate e.am~nat~on by me taken separare and apart from her said husband, acknowledged to and before me that she ezecvted said,~nsvu~~rtely and ~oturr ,y and w~thout any compulsio~, constra~nt, apprehens!on, or fear of or from her/£~aid husband. ' ;rl ' - ' WITNESS my hand and offic~ai seat this_- day of October ` ~ , D. 19~~~ . . Ll~ ~ , ' " ° _ ` ` ' ~ ~ - ' otary Public in and f r the St~telof%Flqridi ~1Qarge : f ~ ~ y Commission expires: , '1 I • ` Retum To: ~.JI ~I J,~.. ; £ . ~ First Federal Savings S loan Association ~ ~ Ot Fort P i~rc?. ~ Fort P!~rce. F!cri~j f LEO AND RECOROEO ~ S~• lUC1E COUNTY FLA. ~ # ROCEa POITRAS ~T , ~ ~ This Instrument P~e ared B' John W. Collirls CLERR C:~GtllT COU First Federai Savings & Loan Association RE~ORU Y~P~~~E4 . of Fort Pierce ~ Florida ~T ~ " 0? ~ ~'Z s~~± ''JQ ' Checked By F1~__- ~pRK ~U~ PAGE~rU 1 V 239110 1 . -0 I ? ~ t ~ - - h''~ -Y 'F~r ~ rr ~E~~~~ ~ . ~ ' . ~ _ ~~'s~~" .n~~~ ~~,~'^4.2=~`"..,~ _