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Home My WebLink About2955 3. To ptace and con~~nuously keep on ihe bul:d~ngs now or he~eaiter ~iluaie on sa~d lend and on all cquipmrnt and penonally covered by this ma ege, wiih all premiums ~he~eon pad in 1u11, fire inwrancN in the usual srondard po:~cy form, in a sum app~oved by Ihe MORcGAGEE, and windsto ~nsurance in ~ha us~a~ s~andard pol.cy form, in a sum approved by the MORTGAGEE, in w.h tornpany o~ CompaNes as the h10RiGAGEE m d~rec~; a~d all 1i~e ar.d w~ndstorm inswance polic:es on any of said build~ngs, aoy inte.aat therein or pa~t thereof, in the aggrrga~e w~n aforesaid in eYCess thrreof, shall con~ain the usual standard mor~gagee dause or iuth o~her dause as fhe Mortgagee may requare, making tha loss unda~ sa~d po c~es, eath and every, payab!e to said A10RTGAGEE as ~ts intarest may ippea~, and eath and every such po'~cy shat~ be promptly ass gnrd and de~iverrd i any hrld by sa+d MOR(GAGcE as f~rther secu~ity to sa~d m~ortgage debt, and, not less than ten (10) days in ad+ance of the eaplrat:oo of each poGcy, to d. f~ve~ ~o sa;d MORiGAGEE a renewal thereof, together with a receipt for the prernium ot such rer.ewal; and thrre shall ba no f~re o~ w~~~dstorm insuranc placed on any of sa~d bui!d~ngs, any ~ntcresl the~e~n or part the~eof, un!ess in the form and w~th the loss payabte as aforesa~d; and in the eveM any sun of money becomes payable ~ndrr such poticy or po!~ues said MORTGAGEE shall have ~he opt~on ~o rece~ve o~~d app'.y thr same on accoum of the indabtrd neas secured her~by w to perm~r safd MORTGAGORS to receive and use if w any pa~t thereaf io~ o:i~_~r (:Uf~ C5!•S, 1v11~:GU1 ~h ui .v:~~~ +3 or ~n,p~~r ing any equ~~y, I~en or right ~nder or by virtue of this moregage; and in the event sa~d MORTGAGORS shall for any rcason ia~l to kaep the sald premisrs so msu~rd. or fail to deliver promptly any of said po~~ties of insurance to sa~d MORTGAGEE, or fa~! p:ompNy to pay fu~ly any pre~n~urn therefoi or in any resped fail to pe~form, discharge, ezec~te, effecl, complete, comply wi~h and abide by this tovenae~t, or any part hareof, said MGRiGAGEE may placr a~~o pay for such inwr..nce or any part tt~eieof w~thoul waiving w affecting any option, lien, equ~ty, or right under or by virtue of this Mo~tgage, and thc full a~nount of each and every such payment shall be immediately due and payable and shall bear interest fro~n tha date thereof until poid at the rate ot ~~ne per cen+~m per annu~n and tc3;ah~~~ ~nith such inte.est shali be secured by the lien o~ this mort~age. 4. To per+ni?, commil w suffcr rto waste, impairment w deterioration o4 said property or any parl thereof. 5. To pay all and s~ngular the costs, charges and expenses, incl~ding a reasonable a~torney's fee and costs of abstracts of title, incurred or pa~d at n~y ti••:e by sa+d MQRlGAG'_E, t=cause w irt the e~e~t of tM latlure on Ihe part of ihe sa~d MORTGAGOR to duly, pro:nptly and fully perform, d~scharqe. ~xecute, effrct, canplete, co-hply w~th and ab:dr by each and every the stipu~a~~ons, agreements, conditio~s, and cove~~anrs oS sa~d pro~n~ssory note and ~his morrgage any or enher, and sa:d costs, cha~ges and expenses, each and every, shail be immediately d~e ar.d payabte; whether or not ther~ be not~ce d~ mand, attempt to collect or suit pendl~9; a~~d ~he full a~noun? of each and every such paymem shall bear interest from ~he date thereof until paid at the r; fe Ji n;~ie per c.:nwm per an~~u:n; ~:~d ali said cosrs, ct~arges and ex~nses intwred or paid, together w~th such imerest, shall be setured by the fien of th~s mortgage. 6. Tha? (a) in the eyent of any breach of ~his lNortgage or default on iF~ part of the MORTGAGOR, or (b) in the event any of sa:d sums of money he~ein referred io be not pron,pfly and fu!ly paid w~thin th~~ty (301 days next atter the same severa:ly beco~ne due and payable, without demand or notite, er (c} in thr evero each and eve~y the stipu~anons, agreements, cond~tions and covenants of sa.d_promisw~y note and th~s mortgage any or either are not iu1y, promptly and ful~y performed, dscharged, executed, effected, compieted, compGed w~th and ab~ded `ay, then in e~ther or any such event the sa~d ag~ 3~cgate s~m mentioned in said p~omissory no!e then ?emaining unpaid, with intere,t accrued, and a~l moaeys seCUred hereby, shall betome due and pay- a~ e forthwirh, or rhereafter, at thr option of said MORTGAGEE, as (uily and completely as if all of the sa~d sums of money were orlginally st~pu.a~ed ro be pa:d on s~ch day, anything in sa,d p~o:nissory note or in this Mwtgage to the contrary notNithstand;ng; and ~hereupon or thcreaite~ at ~he op~ion of s; d MORTGAGEE, v~rthc~t norice o~ de~nand, wif at law or in equity, therefore or thereafier beg~n, may be prosecuted as if all moneys secured hereby r._d matured pnor to ~ts ~nstitut~on. 7_ That in the event that at the beginn~ng of o~ at any time pe~di~g any suit upon this Mortgage, w to foreclose it, or to reform it, or to enforce pnyment of any ciaims hereunder, said ~110RTGAGEE ahalt apply to the Court having ju~isd~cz~on thereot for the appointmeM of a Receiver, such Courf shall tcrthwirh appo~nt a receiver of sa~d mortgag~~ property all and singular, includ~ng all and si~~gu~ar the ir.mme, prolns, iswes and revenues irom whatever sc~rce de~~ved, each and every of wh:ch, it be~ng expressty unden~ood, is F~ereby'rhorrgaged as if spec~fically set farih and described in the granting and h,bendum davses hereof, and wch Receiver shall have all the broad and effective functwns and, powers in a~tpw~se entruSted by a Cou.t to a Recei~er, and s_ch appoinrment sha11 be made by such Co~rt as an admitted equity and a rrtaltpr oi absolute r~ght ~o said MORTGAGEE, and withcut reference to ti~e ac:equ~cy o~ inadequacy of the val~e of the property mongaged or to the soNeriey 6r ~nso,vency of sa~d MORiGAGOR o~ ?he defendants, and ihal such rz~~s, prof:ts, inco=ne, issues and revenues shaft be applied by such Receiver accord~ng to the lien or equity of said MORTGAGEE and the practice of such Court. 8. To duiy, prompt:y and (ully perform, discha+ge, execute, effed, complete, cornply with and abide by each and every the stipulations, agreements, ;ondit~ons and covenants in sa:d promissory no:e and th~s mortgage set forth. 9. That in the event the ov~nership of the mortgaycd premises, or any part thereof, 6ecomes vested in a person other than the MORTGAGOR, the 'lORTGAGEE, ir: successors and assigns, may, wi~ho~t notice to the MORTGAOR, deal with wch wccessor or s~ccessor ~n interest with reference to this r, o•tgage ar.d the d_i~t hereby secured in the same nzanner as with l~tortgagor without in any way viliating or d~scharging the Mortgagori liability here- ;,nder or upon :he debt hereby secured. No sale of the prem~ses hereby mo~tgaged and no forbearance on the pan oi the 1JIORTGAGEE or its successors or ass~3ns and no exreR;~on ot the hrne for the payment of the debt hereby secured given by the MORTGAGEE or its successors or ass:gns, a~~all operate ro re!eose, d~scharge, mcd~fy change or affect the orig~nal liau~l~ty of the MORTGAGOR herein, either in whole or in part. 10. It is speufically agreed that time is of the essence of th~s contract and that no waiver of any obl~gat~on hereunder or of the o131igation se- c~red hereby sha~: at an~ ti~,ie rhereafrer be h~ld ro be a waiver of the terms hereoi or of the instrumem secured herby. I l. In ;,dd ~:c ~~o ~he ~orego «g n~omh~y paym^nts of princ pal and intzrest requ~red by the ~]IO:Tl~55C~~/ nore secu~ed hereby, moriga~~r eovenants r.d agr•~es ro pay to r~o-tyagee ~n~rh each ~~eonrhEy pay~ ~ent an add~rional sum est:mated by mortgagee to be eq~al to 1, 12 of the annual cost of the follow- A-AH r~al property taxrs tev~a~ or assessed agai•ist th~ ahove described real esrate. B Fr~~.~:,•:TS o~ f~re and v+irdstor~n insuracce as nerein requ~red to be wr~ied en the ~mproveme~es s~tuate on the above d~scribed premises. C-Prem~uv~s on s~ch mort~:;ae guaranty ir.wra~~ce as mortgagee shail frorc t me to time deem fit to carry on the loan secured hereby. htortg~gee s~~ !'rcm ~~:,;a to f~:~,e not:fy mortgagoi ~n writ~ng of the amoU~t due and payable hereundar a~~d such w~~ sha!I thcreupon be due and j ;~~aLle on thr c!~_ ca!e oi the next n:onth:y payment and each svcceszive month thereafter ur,tii mortgagee shall notlfy mortgagor of a change in such j ~.ount. Such s~ms s'~a.! be aF~~!ied by mortgag~•e toward the payment of real property taxes, insurance p~em:ums, a~id mortgage guaranty insurance i! ~~•e~niums. ~ I !N Y1ITPJESS 'h'HER~C~, rhe aa~d MORTGAG R has hereunto set his hand and seal the day and year firs~ aforesaid. E igned, Sealed and d~liver~ t e presence of: - ~ ~ ~ l~ ~~:.t:.-n. 1~~~.u> t -(Seal) ~ - Kathryn M. Renner, a rvidow ~~ai~ ` ' ~L~ l5eal) ~ - (Seal) ~L4iE OF FiORIDA St . Lucie ~JUIJTY OF I '~t Before me personally appeared Kathryn ri. Renner, d~111C30~! ~ ,.TIi _ Itirwii~ to me well known pnd knoyvn t'v ~JO be th= individuajt~ descrioed in and who executed the foregoing instrument, anfi acknow{edged before me that 9h~ executtd .~•'i~Q?e .tol('t~~ pYrppses - .._'s ~ th=.ein expressed.- /4nr-t~xid - _ , - ~ ~ifref~N~e-~eid ' lipor~~~ rs1~a~,Qr'naN ernmin3t~vrrlr~mcrtekQn~epereteend-epa~~froirrl~erseid-#rn~be~td-ack~evvledged-te~n~be(oee-~n~ti+atat+e-e~ce~ote~-sai ,'se*str~~er~~r"'ent~so6~• +Q.+yrawd-wwh~wbwy-eow~p~isio~-censt.~ew~*~e e~err, er-fea.-oferi+wrr-hee-aeidi~esband.- n_~: 1- L`~-;;•.__ _ ~ WITNESS my hand and offiual seal this__ day of ' Oc tober ~ a~~ p: 1472 _ ~i'~•~~ ~ Notary Public in nd for the State~bf Fbrid&bf.~arge My Commission expi/es: ~ ~ ~ ~ Return To: ~ ~ firsf Fede~al Savings 3 Loan Association Of Fort P c rce. 'r~ Fort Fierce, F:er;di ~ AMG 4~ECOROE~ ~ StLWC~E COUNn F~ t ItOCf~ POt?R1?S RT ~ t C~U ~ CLERK C~R~~ This Instrument Prepared Byt John W. Collixl ,~EatF1E0 ~ ~tECORO ' First Federal Savings 8~ Loan Association ~ 1' ~1~~ ~ of Fort Pierce r Florida 33450 ~j ~ ~ Checked By t.~_____ 239306o R gooKz~s pA~Fzs~o ~y ~ r zh~ . ~ - e-~'.e~,s :::~m^ ~ - s . ~ ~ k 9-.? S ;~~y _ ~ i _ ~ ~ ~ : II