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Home My WebLink About2859 3. To place and continuously keep on the bu~'d~ngs now or hereaftcr situate on sa~d land a~d on all equip~nenl and personally tovered by this mot a9e, w~eh afl p~enuvms thercon pa~d in full, f~re insurance ~n ?he us~at sra~.dard pol~ty form, in a svm aHNrovrd by thr h10R~ia.~GEE, a~~d windsto ~nswance in the usual a~anda~d pol.cy lo~~n, i~ a s~m approved by the MORTGAGEE, in such company or co~npan~es as tha htORTGAGEE m d;rect; and atl (ire and w~nustorm insurance po~~cies on any of said build~ngs, sny interea~ therein or part th~~eo1, in the aggr~gare sum aforesa~d ~n excess thereof, sl~all con+ain ~he uwal s~andard mor~9agee da~se or such o~her clause as the Mo~tgayee may rrqu~re, maM~ng the wss ~~~der s~~d po c~es, each and everY. pay~bte to said A10RTGAGEE as ~~s inierest may appear, and each and every such po::cy shel! be prompuy ass y~~ed a~~d decivarrd ; any hetd by sa~d MOR[GAGfE as fur~har s=curity io said ~~ortgage debt, and, oot less than ~en (10) days in ad.ance of the expuauo~ ol each po!ky, ro d. ~~ver to said MORIG~IGEE a renewal thereof, together with a rece~pt for the premium of such renewa~; a~~d there sh311 be no i,re or ~~~~~dsto+m insurant placed on any of said bui!d~ngs, any iNerest there~n or part thereof, untess in tha form a+~d wi~h the loss payab!e as aforesaid; and in the eveN any sun af money becomes payable under such Foiicy or pohcies said MURiGAGEE shall have the opnon to reo_~v~ and app:y the sa,ne on account o1 tAe indzbt~d nass secuied hereby or to permit sa~d !'AORTGAGORS to rece~ve and uae it or any pa~t the:eoi tor o:i,• ~ E.u~; ::ses, ti.~~hc~•t ~h v...~+~ ~7 ~'+~P~~~ ~ng any equ~ty, lien or right u~drr or by virtue of this martgage; and in the event sa~d MORIGAGORS shall ior any reason fail to keep ~he sa~d pre~n~s~~s so mwrrd, or fail to daliver promptly any of said poGues of insurante to sa~d lNORTGAGEE. o~ fai: p:cmptty to f:ay 1ully any pre~ni~:n therelot or in a~~y ~espeu fail to perform, disch;ige, eaecute, effeU, comptrte, comply wiih and abide by this covenant, or any p.+rr ha~~~of, sald MGRTGHGEE may p~ac? a^d pay fa such insurnnce or any part fhareof wrthout waiving w affect;ng any option, lien, equ~ty, or r~~ht under or by virrue of ihis hlo~tgage, and thc tull amount of each and e~ery such pa~•~nent shall be immediately due and paYabte and shall brar interest from tha date ~hereoi until paid a~ the rate ol n~ne par tcntvm pe~ annu:n anJ to~rthar with such interest shaii be sacured by the lien o1 this mOttgaqe. 4. To permit, cummit er suffer no was~e, impairment or dete~ioration of said property w any part thereof. 5. To pay alt and s~ngular the costs, charges and expenses, including a reasonable atrorney's iee and costs of abst~acts of title, incurrrd or paid at any tin,e by said MORiGAG:E, because or in the event of the fa~fure on the part of ~he said MORTGAGOR to duty, promptly and fully pc+form, dsscha~9e. execute, efiect, canptete, comply w~th and ab:de by each and every the stipulatio~s, agreements, condn~ons, and covc~~ants o~ said p~omissory note and th~s ,,orrgage any o~ e~~her, and sald costs, charges and expenses, each and every, shall be immed~ately due and payab:e; whe~her or not there be nouce d~ mand, atte:npt to co~lect or sui~ pend~ng; and the full amourtt of each and every svch paymem shall bea. interest from the date thereof umil paid at the oi n~ne uer crne~~r. F,.:r annu:n; onc' aU said costs, charges and @Xr21~S@S inturred or paid, together w~th suth intertst, shall be secured 6y the Gan of th~~ mortgage. 6. That (a) in the event of any breach of this Mortgage or default on tt~ part of tfie INORTGAGOk, or (b) in the event any of sa:d sums of mo~ey h~~rein referrad to Ir' noT prom{ttly and futly paid vlith~n th~rty (30) days next ai~er the same severa::y hecome due and payabte, wi~ho~t demand or nat~ce, ic) in the event each and every Ihe sr~pulations, agreeme~~ts. condit~ons and covenants of sa,d promissory note and th~s mortgage any or either are no~ iuiy, promptiy and tuely ~rtormzzf, d•scha~ged, executed, etfected, compieted, compiied with an~ ab~ded Sy, then in e.ther or any such evem the sa~d ag ~-ayate s~m memionecl ~n sa~d prouussory note then renwining unpaid, with interest acc:ued, and a~l mon~ys setured hereby, shatl become due and pay a:; r forthwith, or th~~eaftcr, at the opt~on of said h10RTGAGEE, as fuily and complete~y as if all o( thr said sums oi money we~e onguiaily st~pu:ated +o be pa;d on such d.:y, anything in sa d promissory note or in this Mortgage to the convary notwithsta•~d;~~g; and thereupon or thereafter at Ihe op~~on o1 s, d MORTGAGEE, w~~hout nonce or demand, wit at law or in equity, therefore or thereaiter begu~, may be prosec~ted as if all moneys secured hereby r.:d mawred prior 10 ~ts institution. . 7. Thar in the event that at the beyinning of w at any time pen~ing any suit upon this Mo~tgage, or to foreclose it, or to reform it, or to enforce payment of any daims he~eunder, said MORTGAGEE shail apply to the Court having ~urisd~ction thereot for the appo~ntmenl of a Receiver, such Court shail i~-~hwith appo~n! a rece~ve~ o~ said mortgaged property all and singular, inciud:ng a!t and s~~~gular the ir.con:e, p~ofrts, issues artd revenues 1rom wh3tever s,u:ce derived, each and every of wh~ch, d being expressly unders~ood, is hereby moregaged as if spec:ficaily set forth and deseribed in the granring and i,~::endum clauses hercof, and such ReceiYer shafl have all the broad and effeUive funct.ons and powers in anyw~se entrusted by a Court to a Rec~iver, and s ch appointment shatl be made by such Court as an admetted equity aod a mat!er of absolute right to sa;d htORTGAGEE, and w~thcut reference to the a::~quacy or inadequacy of tF.e value of the property mortgaged or to the so~vency or ~nso:vency of said MORiGAGOR or the defendants: and ~hat such _~~~s, profits, inco.ne, iss~es and revenues shaH be applied by such Rece~ver accord~ng to the iien or equ~ty of said MORTGAGEE and the practice o~ such Court. 8. To dvly, prompt:y and fully perform, discharge, execute, effect, complete, comply with and abide by each and every ihe stipulations, agreements, :~„d~tions and co~enanis m sa~d promissory ~ote and th~s mortgage set forth. 9_ That in the eve~t the oJVne:sh~p of the mortgaged premises, or any part thereof, becomes vested in a person other than ~he MORTGAGOR, the .'~RTGAGFE, its suaesso~s and asslgns, may, wiihout notice to the MORTGAOR, deal with wch wccessor or svccessw in interest with ~eference to thia o•rgagc ard The d_u~ hereby sewred in the same manner as with Mortgago~ w~thout in any way vit;ating or d~scha~ging the Idor.gagors' liability herr u•~der or upon the debr hereby secured. No sale of ti:e premises hrreby mortgaged and no iorbearance on ~he part of the MORTGAGEE or its successors c• asL~3ns and ~o eatens~on of the time for rhe paymem of the debt h~reby secured given by the MORTGAGEE o~ its successors or ass~gns, aiwlt operote ro release, d~scharge, mod~fy change or affect tha originat {iabJ~ty of the MORTGAGOR herein, either in whole or in parL 10. If is spec~fically agreed that time is of the essence of this contract and that no waiver of a~y obf;gation hereunder or of the obligation se- cured hereby shalt at any time thereafter be he:d to be a waiver of the terms hereof or of the instr~ment secured herby. l l. In add~i;c~ to 1he forego ng rronth!y paym_nts of princ'pai and interest req~~red by the prom:ssory no!e secured hereb/, mort~a~or covenants d agrees to pay ro n:crtgagce 1~rth cach monrhly payraent an add~rional sum eza~:na!e~ by mortgagee to be equal to t, IT of the annual cost of the follow- P--A!1 .eal propc:ty taxas levi_d o. assess~ci agai•~st the above tlescribcd real estate. ; ~ 6 Fr, ~:•s o~ ine and v:~ndstonn ~nsurarce as herein requ:red to be carn~•d cn the ;mproveme~ts s~tvate on tfie above d_scribed premises. j C--Prem~u:, s o~~ such mort~ ,ge guaranty ir.surar.ce as mortgagee shail from t me to time deem fit to carry on the (oan secured hereby_ ~ t,tiong3gee sh:,'! f.cm r,•,;< to n~re nerlf; morrgager ~n wrinng of the amou~t dve and payab!e hereundrr and such su~n sha!1 thereupon be due and ~ ;;b'.e on the cl~r oar.- of the ~~ext monthi~ payment and each successrve mo~th tfiereaft_r ur.til mortgagee shall not:fy mortgaqor of a change in such ~ ..:;vnT. SuCh wms stia.t L•e app!i~•d by mortgagee toward the payment of reaf property taxes, insurance prem~.ums, and mortgage guaraNy insurance ! . ~e~miumi. t IN \'rITNESS :':H:REOF, the sai 1110RTGAGOR has hereunto set his hand and seal the day and year iirst aforesaid_~ - Signed, Sealed an e'vered the presence of: i ~ (Seal) . Rober t L . chmucker , ~~a~~ a sinale adult ~seaq - ~ (Seaq S~A FLORIDA 1 ; St. Lucie ~ ~ ~JU'JTY OF - ~ Before me personal:y appeared RObQlt 1.. Schmueker, a single adult ~max _ F~ to me well known and known to me to be ~h~ individual/ descriaad in and who executed the foregoing instrument, and acknow{edged before me that ~he~ executed the same fpr t~e purposes ~t. rhe~ein expressed. ~ ~ . ` x~~~ _ upo' ~ a sepafate ~and.private aclmdo0~~c ~ ~ 5~xot"~x'!C ` ' . ~ WITNESS my nand and official seal this_ " day of ~Ct4fbe ~ ~ p~ }q 72 ~ ~ ~ ~ . Notary Public in a fd the Sta7r fbr"~da ~}ar~e' ~ My Comm~ssion expiret: ? ; • ~ < C~ ~ • ' • Return io: J ~ ~ ~ . ~ F~rst Federal Savings d loan Associat~on ~ Of fvrt P e:ce. 1 ~ Fo,t P~_,~e. F~~~,~~ f1LEU ~NC AEti RDEe ~ st.~t~cs~ cour~r fU. = ~~~i~cuit ~ ~ ~ ~fl vE~~F~O~ This Instrument Prepared ByGary F. Ellwood aE ' ~ First Federal Savings 8~ Loan Association ~ C 0 R 8 5 , of ForrPierce, Florida ~ g~~~C206 P,1G~2 5 ' _ Checked By ; ; 2392~ 5 # ~ . ~ - ~S _n . ; - - - - - _ _ _ _ ~ _