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Home My WebLink About0911 3. To place an~ tontinuouily kaep on the bui!dings now or herea(tar aituate on said land and on ali equ~p~nent and personalty coveree~ by fnis mo~ age, with atl premiums ~hereoo pa:d in tull, f~re 7r.surance in ~he usual stand~rd po~i~y ior.n, in a sum aFpruved by the MOR~G~GEE, ar,d windsto ~nsurance in ~he usual s~andard pol~cy foim, in a sum approved by ihe MORiGAGEE, in such company or co~npanies as ihe MGRiGAGEE m d~rect; and ail lire and w~~dstorm insurance poticies on any of said buitd~~gs, any interest thereln or part thereof, in ~he aggrega~e sum a4oresaid in excess ~hereof, shall :vnta~n the usual star,dsrd mortgagee clause or such other dause as Ihe Mo~lga9ee may requ~ra, making the iois ui~Jar s3~d po c~es, each and every, pay~i~ie to said h10RTGAGEE as ~ts interest may appeai, and each and every such po!icy shaft be promptly ass gned ar.d del~~r~rd : an; hefd by said h10RfGAGfE as Further secu~ity to Said ~,o»gage debt, and, no1 tess than ten (10) days in adtance o~ tha ezpiral~on of each pol~cy, to d~ l,ver to sa~d MORTGAGeE a renewal thereof, toge~her wiih a rece~pt for the premium ot such renewal; and ~here shall be no (~re or windsro~m insuranc placed on any of sa~d bui!d~~~gs, any inte:esl there~n or part thereof, untess in rhe form a~d with the :oss payabie ~s aforesaid; and in 1he even~ any sun of money become3 payable undrr such policy or policies said MORTGAGEE shall have the option to rec•_ive ~nd apF.ly the same on accvunt oi the indabad ness secured hareby o~ to pe~mit saicl ~AOATGAGOR$ ~o receive and use it w any part thecrot for o:n~~~ pur~.osrs. .~.:riw..:t rh: r~ ur w.:~v± ~3 er ,~u,>~~r ~ny any equ~ty, t~en or r~ght under or by virlue of this n~ort9age; and in the eveN sa;d MO~TGAGORS shall ',or any reason fail to kaep the sald premises so msur~d, o~ fail to deliver promptly any of Said politizs Of insurante to said MORTGAGEE, or fail p:omptly lo pay (ully any pre~n~~:n thcrefor or in dnY iespect fail to perlurm, d~scF.a~9e, execute, effecr, comptete, co~np3y wirh and ab~de by th~s torenant, o~ any part hareof, said MGRiGAGEE may piace a~o ps~ fw such insurance or any part thereof w~thout waivirg or affecting any opt~on, lien, equ~ty, or right und~r or by virtue o~ th~s Alortgage, and thc fu11 an,ount oi each and e~ery such payment shall be immediately due and payable and shall baar inter~st irom the dare thereoF vmil pa;d at the rate of nn~e per centum per ar.nu~n anJ ro3e~h.rr wirh such interest shait be secured by the lien of this mortgage. 4. To permit, commit w suffer no waste, impairment w deterioration of said property or any part thereof. S. To pay all a~d singufar the costs, tharges and expenses, inctudinq a reasonable attorney's fee and costs of abstracts of title, incurred or pa~d at any time by said MORTGAG.E, because a in the eveN of the failure on the pan of the said MOR1GACsOR to duly, pro~itptly and fully perform, d~scharge. _.ecute, effec~, complete, comply wrth and ab:de by each and every the st~pulaLOns, agreements, conditioni, and covenants oi said pranissory note and this .~ortgage any or e~~her, and sa!d costs, ch~rges and expenses, each and every, shall be immediately due and payable; whe~her or not there be nor;~e d~ r.~~nd, attempt to co!Iect or suit pend~ng; and rhe (ul! amount of eath and every such paymem shall bea. interes~ from 1he date thereof until paid at the s. o+ nlne per cens~n, per ann~o~; and a11 said custs, charges and ea;xnses incurred or paid, toyether w~th svch interest, shall be secured by the lizn of thla . mortgage. b. ihal (a) in the event of any breach of this Mortgage or default on the part of !he h!ORTGAGO4, or ;b) in the event any of sa:d sums of money t,erein referred io be not pron,prly and futly pa~d w~thin thuty (30) days next after the same severa:ty beco+ne due and paya6le, without demand or notice. or tc) in tha event each and every the stipu:auons, agreeme~ts, tondrtions and tovenams of sa:d promissory nose and th~s mortgage any or either are not ~u;y, promptly and futly performed, d~scharged, executed, eifected, tompleted, ca»plied wiih and ab~ded 5y, then in e~ther or any such eveM the sald ag- ~rrgate sum memioned in said promissory note then remaining unpaid, with interest accrued, and a~l moneys secured hereby, shall become due and pay- a~ e forthwith, o~ thereafter, at the opnon of sa~d MOATGAGEE, as luNy and completefy as if all of the said svms of money were ongir.atly snpu:ated ro be pa:d on svch d:.y, ampthing in sa d pre~n~ssory note or in this Mortgaga to the conirary not.vithstanding; and thereupon or thereafter at the opnon of sa.d MORTGAGEE, withovt nonce or demand, suit at law or in equity, therefore or thereal~er begun, may be prosecuted as it a!1 moneys secured bereby n::d matured pnor to ~ts inst~tu!ion. 7. That in the event that at the beginn;ng of or at any time pending any suit ~pon th~s Mortgage, or to fo~eclose it, or to reform it, or to enforce ; ayment of any claims he~eunder, said MORTGAGEE shall apply ro the Court having ju~~sd,ction thereof for the appointme~t of a Receiver, such Court shalt rc rhwirh appo~nt a rece~ver of said mortgaged property all and singular, ~ndudmg all a~Td s~ng~lar the income, p~oi~ts, issues and revenues from whatever s:~;ce derived, each and every of wh:ch, it be~ng expressly unders~ood, is hereby mortgaged as if speuficafly set (w~h and described in the g~am~ng and h3!;endum da~ses hereof, and s~ch Rece~ver shai! have aU the broad and effect;ve funcr,ons and pov~ers in anyw~se emrusted by a Coun to a Receiver, and s_ch appoinrment shall be made by such Court as an admitted equi:y and a m.atter of absolute right to said MORTGAGEE, and without reference to the a.iaq~;cy w inadequacy of the value ot the property mortgaged or to the soivency or inso~vency of said NtORTGAGOR or the detend~nts, and that suth r~•~~rs, profits, inco~ne, issues and revenues shall be applied by such Receiver acco~d~ng to the lien a equity o( said MORTGAGEE and ~F.e practice of s~ch CouA. S. To du!y, prompt:y and f~lly perform, discharge, execute, ef(ect, complete, cort~ply with and abide by eath and every the stipulations, agreernenfs, .:~~ditions and covenanrs in said promissory note and this morlgage set forih, 9. That in the evenf the ownership o4 the mortgaged premises, or any parf thereof, 6etomes vested in a person other than the MORTGAGOR, the : ~RTGAGEE, its svccezso.s and ass~gr,s, may, wiihou~ no+ice to fhe A1pRTGAOR, deat with such successor or successor in interest with reference to thii _ ~•tgage and the d_u~ hereby secured in the same manne~ as with Mortgagor w]thovt in any way vitlating or d~scha~g~nq ~he Mortgagors' liabiiity "fiere- der or upon the debt hereby secured. No sale of the prem~ses hereby mortgaged and no forbearance on the pan of the MORTGAGEE or its successors v-' assigns ~nd no exrens~on of fhe time for the payment of the deb~ h~reby secured given by the MGRTGAGEE or its s~ccessors or assigns, a~ia!! operate ro retease, d~scharge, modify change or affect the original liab~l~ry of the MORTGAGOR herein, either in whole or in part. 10. It is speuficalty agreed that time is of the essence of this contract and that no waiver of any ob~lgation hereunder or of the obligation se- cu~ed hereby snai~ at any time thereafter be hefd to be a waiver of the terms hereof or of the instrument sewred herby. 1 t. In ,~dd t;ci to the foreqo ~ig month!y paym:nts of pr~nc"pa~ and interest requ~red by the prom•ssory nore secured hrreby, mortgagar eovenams ~•-d agrees to p.~y to m.rtgagee v~irh each mcnsh'y pay~.:ent an acld~rionai sum estlmated by mortgagee to be equal to 1 12 of the annua) cost of the follow- ,~y: A-A'I r~ei Froperty taxrs levie,a, or assessed agai•~st thc abave described real estate. 6 Fr.~~ ~u:c:s on fire and w~r.dstonn ir.surar.ce as i~ere~n requ~red to be carried on !he improvemeats s~tuate on the a6ove d°scribed premises. C-Pre~* wrr~s on such mort~age guaranty ir.s~rar,ce as mortgagee shall from t~me to time deem fit to carry on the loan secvred hereby. :"~ortgagee sh,'~ '.rom Y+,ne to tin~e notify mortyagor in vvriting pf the amount du> and payabte hereundrr and such surn shail tnereupon be due and .ab!e on th~ d~r ci„t_~ of ~he next month:~ paymeni and each Successive month thereaft~r ur.ti~ mortgagee shall rtotify mortgago~ of a change in svch _~unt. Such >ums sha.i be aF:plied by mortgag~e roward the payment of reaf property Taxes, insurante pt :ums, and mortgage varanty insurance . ~•e~miums. IN :71TNE55 :'.'HEREOF, the sa~ MORTGAGOR has hereunto set his hand and seal the day and y f" st aforesai - ~ ed. ~led,ja~ivered the iesence of: ~ y ' ~ Seaf) oss P. rittenden, a singl,~a~~,dult - (Seaq - lSeal) S~A7E OF FIORIDA ! ~ ~ur~rr oF St . Lucie ! ss. - 1 ' Before me personatly appeared ROSS P. Crittenden, a single a(~illt Y~ ~ i his wife, to me well known and known to me to be i r~,~ individual described in and who ex~cuted the foregoing instrument, and acknowledged before me that jher executed the same for the purpost: the~ein expressed. And~he~a+d ~ ~ r,h~-of-~he-~eid ~+powa~seperMean~1-p+'wa~e s.a~+s:waaw~-iy-~we-aleew~~epa.a~o- and ap.»t-fro~n-l+er xid~e~bend.-ncknewledged-{s a~d-bQ[ere~+e-tba~ ~M tweeWerisid inMwr~~M kee{y~wJ-vokiw- ~*_~I an~-w~thw? a ? T ~y'~cenrpbhiorr, Zor»treint epprehens+owr er~eao a~ K-fwwi~wr.sa~d kuc6aod WITNj~,r~y~hand and of(iual seal this- ~ O day of ~tOber A. D. 1972 , • ~~~i~ i/~ l ' . ~ • ~ ~ s Q~,~~ - ~ ~ ~ _ fJ-~`.. e~~GG - Not Public in and for the State f F{orida at Large ~ E.C j f~ ~ Comm;ss~on expires: ~ ~ o~ . C ~ w ~ ~ ~rst a!, vj~rgs.3 137an Association ~ Fart; P,er~e. ; ~ - ~~«~~o,,~d E ~Eo ~N~ ~ECOaoeo ~ ' s~.~uc;c couNtr F~~. ~ ; . aoc~=. ~o~rR~s ~ . ' - • ~ ' ~ ~ ,CUIT COURt • T - CIERK C"~ ' ~~is~Instrument Prepared By ~ JOhn 41. Collit~s RECOROYER'F~FC ~ First Federal Savings & Loan Association M ~ g 3a ~~~Z I of Fort Pierce, Florida 33450 wj ~ Checked By _ /~ra3g9s8 o R 2p7 91i ~ 6Q13K ( , f!, - - ~i i ; ~ - ~ , 4: