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Home My WebLink About0416 3. To place and continuously keep on the bui'dings novr or hereafter situate on sa~d lartd and on ali eqvip~nent and personaliy cove~ed by this mor age, w:th all prem~~mS thereon j:ad in t~ll, t~re insurance in the usual siandard pol~cy fonn, in a sum a;.proved by ~ha h50RiGAGEE, and w:ndsto ~nsurance in ihr ~sua{ s'andard po:~cy form, in a sum approved by the MORTGAGEE, in such company or companies as the A'fORiGAGEE m d rect; and all lire and w~ndstoim insurance polities on any of said buiidmgs, any inte~esl therein or part thereof, in the aggrEga~e sum aforesaid in excess thereof, sha11 :onwin the usval standard mortgagee ciause or such o~her clause as Ihe Mortgagee may reQu~re, making the iosa under sa~d po c~rx, each and every, payab'e to sa~d h10RTGAGEE as ~~s interesf may appear, and each and every such po:ic~ shatl be promptly assgned and dz~iv,:rrd : s~i~ hcSd Ly s,;td ':.QR'. ~~G;; 3s fv::h:r s::vrify te sa~d ~~artt~a~P drht, and: no~ less than ten (10) days in advante of the expi~ei~on o1 each pol~cy, to d~ I~ver to said MORTGAGfE a renev~al thereof, together with a reteipt for the premium oi such rene+val; and there shall ba r~o f~re or tiv~ndsto~~n ins~ranc pl3ced on any o1 sj~d buiidi~~gs, any int~~est therein or part thereof, unless in the form and with the Icss payable as aforesaid; and in the event an~i aun 01 money becornes poyabie u~.der such policy or poGcies said MORTGAGEE shall have the opt:on ro rece~ve and app!y the same o~ account oi the i~~de~tvd ness secure~f he<<by or to pernut said MORTGAGORS to receive and use it w any part 1hF;eof }or o~i~rr Hur; os~•s. c.:~no.:t th.-•.c~~ lv.:i~~.i~ o~ un~,.ir ing any equ~ty, Gen or r~yht under or by virtue of this mor'gage; and in the event sa.d MORTGAGORS shatl for any reason fail to keep the sa~d premiaes so insur~~d, or fail to daiiver p~omptly any oF said pol~cies of inwrance to sa~d MORTGAGfE, o~ }~i! p:ompNy to pay fully any p~e~n+um ?hareSor or in a~y f~a „e,i.,...,_ ~i,«I,a,n.. ..:rcuir. eifeU. con~ulrtr. co~nptv with ar~d abide by this tove~a:v, or any p.rt h~~eof, said MOR7GAGEE may piace a^o p~y for such insurance or any part thrreof without waiving or affecting any opiion, lien, equ~ty, or r~gM u~:der w oy v~rtue oi tnis i.~u~zya3e, a~:d t:~c t~i( a~nount of each and every s~ch paynzent sha!! be immed'eateJy due and pnyable and shall brar interrst from the date thereof uroil paid at the rate ol ~::~e pcr cent~m per annum .,nd to}~•th~r witn such inter~st shali be secured by the lien oi Ihis mortgage. 4. To permit, commit or suffer no waste, impairment or deterioration of Said property or any part thereof. 5. To pay al( a~d singular the costs, charc~es and expenses, including a reasonable attor~ey's fee and costs of abstrac~s oi title, incurred or paid at ±~y ~ime by said MORtGAGEE, because or in the event of 1he fa~lure on ~he part of ~he said MORTGAGOR to d~Iy, prompdy and fully perform, d~scharge, i cute, effect, complete, comply w~th ard ab:de by each and every the stipulat~ons, agrcements, conditio~~s, artd covenants oi sa~d promissory note and this - o~~ga~e any or e~+her, and sa.d costs, charges and expensas, each and every, shal~ be immed~atety due and payable; whether or not ~here be not~ce ds ,;~~d, atre~i;pt to co:lect or suit pend~ng; and the full amoum of each and e~ery suth paymeM shalt bear interest from ~he date thereof umil paid at the o' ~~~~ic per can;u•n F~~•r an~w:n; anC a!i said custs, charges and expenses incurred or paid, toget6er w~th such interest, shail be secured by the ~~en of th;s ~r.o; tgage. 6. That {a) in the event of any breach of this Mortgage or default on tne part of the MORTGAGOR, or (b) in the event any of sa:d sums of money V ~r~•in referred to be not pron,ptly and fully paid within thirty (30) days next a~ter the same seve~a!ty become dve and payable, without demand or notice. or ~.cl in the event each and every the stipuiations, agreerrwnrs, cond~tions ar.d tovenants ot sa.d promissory note and th:s mortgage any or e~ther are not i~:y, promptiy and ~u~:y performed, dacharg=d, executed, eifec!ed, tompleted, complied wiih and a6ided Sy, lhen in eiiher or any such event Ihe sa~d ag- ~~r~at2 sum mentioned in sa~d promissory note the~ remaining unpaid, wit?~ imera;t accrued, and a~7 ~noneys secured he~eby, shatl become due and pay- er, c forthw~rh, o~ therea4trr, at the option of sd~d MORTGAGEE, as fully and completely as if all of the s3~d sums of moroey were ongina~ly stipuiated to be pr.d on s~ch d;,y, anything in sa,d prom~ssory note or in this Mortgage to the contrary notw~thstand~~~g; and thereupon or ~hereafter at the oprion of s~:.~ MORTGAGEE, w~rF.out not~ce or demand, suit at law or in equity, therefore or thereafier begun, may be prosecuted as if a!I moneyi ,secured hereby r.:d matured pr~or to rts instit~twn. 7. That in the event that at the beginning o( or at any time pending any suit upon this Mortga9e. or to faetlose it, or to reform it, or fo enforce ' c,rrnem of any c!aims hereunder, said MORTGAGEE sha)1 apply l0 1he Court having junsd:cnon thereoT for the appo~ntmeM of a Receiver, ;uch Co~rt shail iur,hwith appoint a rece~•.er of sa~d mortgaged property all and singular, indud~ng a11 and singutar fhe income, p+ofns, issues aPd revenues frcm whatever s. ~rce darived, each and e~ery of whrch, It bef,ig express!y unders~ood, is hereby mortgaged as il spec~fically set (orth and descrebed in the 9ranting and E.:~endum cla~ses her,of, and s~ch Receiver shal! have all the br~ad and effective funct.ons and powers in anyw~se entrusted by a Co~rt to a Receiver, and s ch appointnt~nt sha~i be made by wch Court as an ad~nitted equity and a matte~ of absolute rigl~t to said h1pRTGAGEE, and wirhout reference to the r.?eav;cy or inadeq~acy oF the value ot the propeny morrgaged or to the so:vency or inso~vency of said MORTGAGOR o~ Ihe del~ndants, and that such •!s, proSits, inco•ne, iss~es and revenues shatl be applied by such Receiver accord~ng to the lien or equity of aaid MORTGAGEE and the praUice of such CO:ifT. B. To du!y, prumpt;y and fu:~y perform, d~s:harge, execute, elfect, complete, comply with and abide by each and every the stipulations, agreements, .~-.ditions and covenants in said promissory note and this mortgage set forth. 9. Tha~ in the event the owne~ship of the mortgaged premises, or any parf thereof, becomes vested in a person other than the MORTGAGOR, the ; ~4TGAGEE, its suttessws and assigns, may, witho~t notice to the MORTGAOR, deat with such successor or successor in interest with ~efe~ence to tbis .•tgage ard the deot hereby secured in the same man~er as with Mortgagw without in any way vitiating or d~scharging the tdortgagors' liability hert ~.Jar or upon the dett herr'vy secured. No sa12 of the premises hereby mortgaged and no forbeara~ce on the part of the /hORTGAGEE or its successors c- ass~gns and no earens~on of rhe time for the payment of the deb+ hereby sec~red given by the 6AORTGAGEE or its successors or ass~gns, ahall operate +o re!ease, d~scharge, modify change or affeU the original liab„rty of the MORiGAGOR herein, either in whole or in pa:t. 10. Ir is speuficatiy agreed that ti~ne is of the essence of this contract and that no waiver of any obl~gation hereunder or of the obligation se- o.~ed hereby shai~ at any time thcreatrer be held to be a waiver of !he terms hereof or ol the instrumem secured herby. 11. !n sJd t:~ ~ to ihe fcrego ng month~y paym~nts of princ pal and interest ~eyu~red by 1he prom:sscry no!e sccured hereb~, mortgagor tOVenantz d agr;;es tu pay ro n:o-tgayee v~~th each monthly payr.:ent an add~~ional sum est~mated by mortgagee to be equal to 1, 12 of t1~e ann~al cost of the fol:ow- A-- A(t rtal ~ rop~_rty taxes tev~ed or asse<_s~•d agai•,st thc above described real estate. . 6- Fr.,~r~~ :;s o:i fir= ar.d wi:~dsto::n ins~rarce as herein req~ red to be carried on the ;mprovemeits s~tvate on the above described premises. ' C Prr •,~u:~ s e~;uch rnorr~-;ge guaranty insura~.ce as mortga3ee shall frarr. tme to time deem fit to tarry on the loan sec~red hereby. N!ortgagee s~~.,l! E•cm t:~~~e to t~a,e not~fy mcrtgagcr in writ~ng of the an,ount due and payable hereundar and such sum shaii thereupon be due arid .:b!e on thc- due• ,i;r•~ of fhe next mo~thly paym~nt and each Successive month therealt;r uctii mortgagee sha!I not;fy mortgagor of a change in such ~unt. S~ch wms sra.~ he app;ied by mortgag-~e toward the payment of reaI p~operty taxes, insura~ice prem.ums, and mortgage guaranty insurance e~»ivms. IN 1'11TNESS ':+'HEREOF, the said MORTGAGOR has hereunto set his hand and seal the day and year 'rst aiores 'd. Signed Seale an deli red in the presence of: ~ G ~l ~ ~ ~ ~ net R. r c~a~~ j Seal) - (Seal) - BVel L. Dr@VV (Seaq S':aTE OF fLORIDA ~ ' St. Lucie _ ~ u• I ; JU.'JTY Of ~ Before me personally appeared KQNlet11 R. ~eW and ! Evelyn L• Drew ! - - his wife, to me well known and known to me to be ~ f'r,e indrvid~als described in and who executed the foregoing instrument, and acknow(edged before me that they executed the same for the purposes rhe~ein ezpressed. And the said_ _ BV@~YT2 L, DYeW r.:fe of the said K~neth R• Drew upon a separate and private 3m~narion by me ta~en separate and apart from her said husband, acknowiedged to and before me that she execufed said instrument freely and volum ~~,y and w~thout any co:npulsion, constraint, apprehension, or fear of or from her said husband, i WITNESS my hand and official sea( this_. 10~ day of october :,~q~-Y~"jQ . j ~.s.}.r_ ~ q ; ~ . ~ Notary Pu iic in and for the State of Flor' Za ''F : ! ~ n . - ~.t ; My Commission expires: , ~ , ; n ~ Return ~o: " ~ : ~ ~ Y ~ ' ~ ~ O ~ i first federal Savings d Loan Associanon s Of fort Pcrce. ii , - r= ~ ~ , _ ~f« .?~atLARG~ : ~ ~ ~ : nfr cc ~ ~ Z c~, . Furt P~_•rce. Florid.+ --i~- F- .ri E=P~. 9. 19 b U N U"cU 1NR.~.:Gi-t FtiEp yy. OIESTEINORS~/~'•...•..• ~C ,Y t. y. ~y , This Instrument Prepared By John M1. Collins =T~~~jE COU~~~~~'~ First Federal Savings 8 Loan Association ROCER FO~TRAS ~ - of Fort Pierce , Florida ~~ERK CIRCtI~j COUaT ~(1~~ RECORO V~?tF1E0 Chzcked By t - ~j ~ ~ a 55 ~K ~ Z o k ~ , 60QK PACE 416 ~ ~.3965'7 ~ ~ f 3 1$