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Home My WebLink About0778 3. To p~ace ar.d continuously keep on the bui:d~ngs now or hereairer ~ituate on sa~d land and on all equ~p~nenl and perso~aliy covered by this ma ege, with all prem~~ms thereon pa:d in fufl, fire insurance in the ~sual standard potity fo~m, in a sum approved by the MOR~Gi+GEE, and windsto • ~nsurance in Iha usual s?andard pol;cy form, in a sum approved by the MORTGAGEE, in suth tompany Or ton~oan~es ai the MORTGAGEE m d~rec~; and all lire and w+nclstorm insurance policies on any of said build~ngs, any inte~est therein or pa~t thereoi, in the aggrega~e s~m aforesa:d in excess th~•~eof, shatl :ontain the usual standard mortgagee clause or such other clause as fhe Mortgagee may requ~re, making the loss undrr sa~d po c:cs, cach a^~ c.cr;, ~a,~~!e to saisf A!ORTG.4GEE as ~~~r.est may apoear, and each and every auch po:~cy shall be promptly assgned a~d deliv~red ~ any held by sa~d 1.10RiGAGEE as furrher security ~o said mortgage debt, and, nol less than ten (10) days in adva~xe of Ihe eap~rat~on of each poGcy, to d. i:ver to said MORiGAGEE a renewal ?hereof, ~ogNher with a receipt fo? the premium uf such renewal; and there shall be no f~re or windsronn insuranc ~ placed on any of sa~d bui!dings, any interest therein or pa~t thereof, untess in the forn~ ar~d with the loss paya6!e as aforesa~d; and in the event any w~ of money beco+nes payab~e ~nde? such policy w poGues said MORTGAGEE shall have !he opt;on to receive and apply the same on account oi the indebted n~~ss sewrrd hareby w ro perm~t sa~d MORTGAGORS to receive and use it a any part thz:cof lor o:iier purpcsrs, r.~iho~t ~h~•~ar w.;~:~~~ o~ ~~~~p~~r ` ~ng any cqu~ty, lien w r~yht under or by vi~tue of this mortgage; and in the event sa~d MORTGAGORS sha11 fer any reason fail to keep the said premisrs so i ~nsurad, or fail to dei~ver promptly any of said policiea of insurante to said MORTGAGEE, or fa~l promptiy to pay fulty any prenu~m therefor or in a~y respect tail to perform, d~scha~ge, execute, effect, complete, comply wirh and abide by this covenant, or any part hzreoi, said MORiGAGEE may place a~~d + pay for such insur.,nce or any part thereof without waiving ot affecting any option, lien, equ~ty, or r~ght under or by virtue of this Mortgage, and tht ~ f~1I amo~nt oi each and e~ery s~ch payment shall be immediately due and payabte and shall bear irtterest from tho date thereof un~il p~id at the rate ol ~~,>>e p~•r cenwm per annu:n a~~d to~ether with such intrrest shati E~e sewred by ihe lien of this mortgage. A. To permit, commit or sufier no waste, impairment or deterioration of said property or any part thereof. 5. To pay all and singular the costs, charges and expenses, including a reasonable attorney's fee and costs of abstrads of title, incurred or paid at ~~y ti•~:e by said MCRiGAG:E, beca~se or in the event of the failure on the part of the soid MORTGAGOR to duty, promptly and fully per(orm, d~scharge, ~xccute, effeu, comptete, comp!y w~th and ab;de by eath and every the stipu~auons, ayreements, conditions, and covenants of said promissory note and this ,:o,tgage any or erther, and sa:d costs, charges and expenses, each and every, shall be immed~ately due and payable; whether or not there be no~ice d~ ~:,and, attempt to to~led or suit pend~ng; and the full a~nouN of each and every such payment shall bea. interest from the date the~eof umil paid at the ~<< o~ n~ne per censum ~r an~~u~, and all said costs, charges and expenses incurred or paid, ~ogether w~th such interest. shall be secured by the lien of thi~ mortgage. b. That (a) in the event of any breach of this Mortgage or defau~t on the part of the MORiGAGOR, or tb) in the event any of sa:d sums of money ti.,.~:,. .afa..,..1 t~ .,~r ~,.~..,,~rty a~~{ f~~t1y ~r~d within th~rty (30) dars next after the same severa:ly hecome dee and payable, without demand o? ~otice, o. (c} in thr evem each and every the stipu!ations, agreeme~ts, conditio~s and covenants of sa;d promissory note and th~s mortgage any or either are not iu,y, promptly and iuily performed, d;scharged, ezecuted, eifected, completed, compiied viith and a6~ded Sy, ~hen in either or any such event the said ag q~egate sum menrioned in said promissory note then remaining unpaid, with imere,t acuued, anJ all moneys secured hereby, shall become due and pay- eo'e forihwith, or thereaf~rr, at the opt~on of said h10RTGAGEE, as fully and complerely as if all of the said sums of money were onginally st~putated +o be pa:d on wch dzy, anything in sa d premissory note or in this Mwtgage to the cont~ary ~ot~r~rhsrand~ng; and thereupon or ihereafter at the option of s d MORTGAGEE, w~rheut notice or demand, suit at law or in equity, therefore or thereaiter begun, may be prosecuted as if all moneys secured hereby n_d matured pnor to rts iostitunon. 7. That in the event that at the beginn~ng of or at any time pending any suit upo~ ~his Mortgage, or to foretlou it, or to reform it, or to enforce i~yment oF any cla~~ns he~eunder, said MORiGAGEE shall apply to the Court havi~g ~wisd~aion thereof ior the appoimmero of a Rece~ver, such Court shall ~.::;hwith appo~nt a receiver of sa~d mortgaged property all and singular, inclvd~ng a~l and singular the incon~e, p~ofits, issues and revenues irom whate~er s=~•ce derived, each and every of wh~ch, it bzing expressly understood, is hereby morrgaged as if spec~fica~ly set iorth and described in the 9ranting and i, ~bendum davses hereof, and such Receive~ shail have all the broad and effective funct,ons and powers in anywise entrusted by a Cour1 to a keceiver, and s. ch appointme~~t shall be made by such Court as an ad~nitted equity and a matter of absotute right to said h10RTGAGEE, and without reference te the adequocy or inadequacy of the value of the property mortgaged or to the soivency or inso~vency oi sald MORTGAGOR or the defendants, and that such r~ •,ts, profits, inco.ne, issues and revenues shall be applied by such Receiver accord~ng to the lien or equity of said MORTGAGEE and Ihe practice of such Court. 8. To duly, prompt;y and fully perform, discharge, ezecute, effect, complete, comply with and abide by each and every the stipulations, agreements, condhions and covenants in Sd~d promissory note and this mortgage set fonh. 9. ihat i~ the event the ownersh~p of the mortgaged premises, or any part thereof, becomes vested in a perso~ other than the MORTGAGOR, the :.'~~RTGAGE"e. in successors and asvgns, may, wirhout notice to the MORTGAOR, deal with such successor or successor in interest w~th reterence to this ;-~gagc and the deot hereby secured in the same manoer as with Mortgago~ without in any way vitiating or d~scharging the Mortgagori liability here- ~•,der or uF~on the debt hereby secured. No sa;e of the prem~ses hereby mortgaged and no forbearance on the part of Ihe /AORiGAGEE or its successors u- ass~g~s and no exrers~on of tfie nme for the payment of the debt hereby secured given by the MORTGAGfE or its successors or ass~gns, a~iall operate ro re~ease, d~scharge, modify change o+ affect th~ orig~nal IiaoSlity of the MORTGAGOR here~n, either in whole or in parf. 10. It is speuf~cally ao.eed that time is of the essence of this contract and that no waiver of any obligat~on hereunder or of the obligation se~ c::~ed here5y shal: at a~y time thereafter 5e held to be a waiver of the terms heteof or of the inst:umeN secured herby. 11. In ,;dd 1r:z ro rhe iorego'ng month!y paym^nts of princ'pal and interest required by the prom:ssary no!e secured hereby, mortgagor covenantz d agrees to pay +o r~~atgagee vsiih each monthly payrnent an add~rional sum estimared by mortgagee to be equal to 1; 12 of the annual cost of the follow- A-AI~ rEal prcperty ta~ees .levie.a, or assessed agai•~st the above described real estate. ~ R_ p......;,..,.. i;..~ a.,,l .-.~crn.m a~ a.ac hPr~;n rrau:re.d to be carried on the imeroveme~ts rtuate on the above d_stribed premises. C-Pre~~ ~~n s on su:h mortgnge g~aranfy ir.surar,ce as mortgagee shall from t~me .to time deem fit to carry on the loan secured hereby. ~ t,lorrgagee sh,ii from s~:na to fime not~fy mortgagor in writing of the amou~t d~e aad payable here~ndrr and such sucn shall thereu,~on be due and ~ .~;,!e on th~ d.,e d~!e cf the next month:y payment and each successive month thereait~r ~r,til mortqagee shall notify mortgagor of a change in suth ~ -:unt. Such zums s}~:i be app•ied by mortgagee tmarard the payment of rea! prope~ty taxes, insurente prem~ums, and mortgage guaramy insurance ~emwms. n IN \'JI7NESS 'NH F, th sai MORTGAGOR has hereunto set his hand and seal the day and year first aforesaid. igned, Sealed nd eliv i the pre nce of: o i iJ~.G.~ ~Seal) Charles E. White t~a~~ ~ ~ ~ ~.d'1.[L - • C (Seaq Elaine J. ~ti' ite ~"A1E Of FLORIDA ~ St. Lucie ~.JU~JTY OF - ~ Befo~e me personally appeared Charles E, White a~ Elaine .j. t~hite his wife, to me well known.and'1G~~! ryf~otnB o be individuals described in and wF~o executed the foregoing inslrument, and acknowledged before me that they execute~}.•`h~~e fol~ lhe~~poses rnc-ein expressed. And the :a~a_ Elaine .J. White ~ :::fe of the sa~d _~~r~ps White upo~.t.separa{e ~ ste • dTindfiOfl hy me taken separate and apart from her wid hosband, atkrwwledged to and before me that she executec~ said~ nstr~nent~'free,~y j~ ` otum r,:n~y and v~~thout any con,N~lsian, cor.straint, apprehens~qn, or fear of or from Fur said husband. = Q; i~ ~ 1 ~ ~t. OCt e v aq.'72 ~ WITNESS my hand and official seal this day of ' v': ~ ~F~j, ' ~ Q ~ otary Publit in and r the Stat6r oP,NstidA•at~a(Qe My Commission expi s: 1~:},~ TAT t~ Retum To: ~ ~ ' First Federal Savings 3 loan Association Or iort P eree. L~D AND Fo,~ Pi~~rcc, Florld3 ~J~,~ ~c,p ~ 'ROCER p~UMTY~. RECORDRx ~I7 ~ fQT~A~ VCRrF ~OURf r}Jt This Instrument Prepared By: John t4. Collins First Federal Savings & Loan Association ~1~1 8 I~ ~~r of Fort Pierce ~ Flor ida Z 2398'71 ' Checked By - goAK 207 ~f 7~8 ~ ~h, :