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Home My WebLink About0915 3. To place and continuously keep on the bui!d~r.gs now or hereafter ~ituate on said land and on al~ equip~nent and personally toiered by this mor ege, w;th al! p~cn~iurns ~hereon pa~d in full, fire insurance in the usual staixlard po,~cy (orm, in a sum aF-Nroved by Ihr h~OR~GAGEE, and windsto Insurance in thr usuat standard poi~cy form, in a tum appr=:_-' 4; unor~:erFE. in such company or co;npan~es as the AtORTGAGEf m dnect; and all tire and windsro~m insurance pol:c~es on any of sa~d buiid~ngs, any interest the~ein or part there~f, in the aggr~gate sum aioresa~d extess thereof, shall :ontain the us~al standard mortgagee t~ause or such o~her clause as Ihe Mo~tgagee may reyu~re, making the toss u~dr~ sa~d po c~es, each and every, payab!e to said h10RTGAGEE as ~~s interesl may appear, and each and every ~uch po'ic/ shall be µrompUy ass gned and d~Iiv~•red ~ any hefd by sald h10RfGAGEE as fu~~her sec~r~ty ~o sald mongage debt, and, no1 less than ten (10) days i~ ad~ance uf ~6e expi~a~lon of each pol~cy, to d~ liver to said MORTGAGEE a renewal the~eof, toge~her with a receipt for the prem~um of such re~ewal; and there shail be no fire or w~ndsro~m ins~ranc p~aced on any of said bvlldinge, any iMe~es1 tberem or part thereof, unless in the form and wi~h the lose payable as aforesaid; and in the event any sun of money bzcomes payable undr~ such policy o~ poGcies said MORTGAGEE shall have the option to reu=ive and app!y ttie same on accounl o( the indebied ~~ss secured hareby or to perm~t sa~d PAORTGAGORS to rece~ve and use it w any part thrraof ior o:hr r Hu~, =__s, or ~~~~~„~r ~ng any equ~ty, lien ar right under or by ~irtue of this rtea-'gage; and in the event sa;d MORTGAGORS sha!I toi any reason fail to kerp ~he sa~d premis~-s so inS~~et1, or ta~i ~o tieiw~~ N~v~~~N~~y a::~ of said pol~cies of insuran~e ?o sa~d MORTGAGEE, or f~i; promptly to pay i~~ty any pr~m;~m ther~~for o~ in a~~y respect fai) to perfo.m, d;;charge, execute, effect, comptete, comply with and abide by th~s covenant, or any pa~t hareoi, said MuRTGAGEE may p~ace a~~o pay for such insura~ce or any part lhereof without waiving or affecting any option, lien, equity, or nght under oc by virtue of this Mortgage, and the t~il amouM of each and e.ery such payment shall be immediately due and payable and shal! b~-ar ime~esl from ~ha date the~~of uroil pa+d at the rate o1 n~ne per c~n~um pei annum and to~rthcr vaith such intzrest shail be sccvred by the lien o~ this mortgage. 4. To permit, commit or suffer np wasfe, impai~menf 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 abstracts of titte. incurred o~ paid at ; ~ny fim.e by said MORTGAG:E, betause or in the event of the failure on the Aart of the said MORTGAGOR to du~y, promptly and fuliy pe~lorm, d~schurge. { exec~te, eftea, complete, compty w~th a~~d ab;de by each and every the stipulahons, agrermcnts, condaions, and covenants of said p~omissory note and this ¦~o~tgage any or e~ther, and sa:d costs, charges and expenses, each anr/ every, shati be immed~ately due and payable; wherher or not there be notice ds ma~~, attempt ro co:lect or suit pend~ng; and the (ull amo~nt of each and e~eiy svch paymeN shal! bea+ interes~ from 1he oate thereot ~ntil paid at Ihe r. re oF nine per centum pcr an~~~rn; and au so~d costs, charges and expenses incurred or pa~d, together w~th such interest, shall be setured by the fien of this mortgage. b. ihat (a) in the event of any breach of this Mortgage or default on thr part of the MOR:GAGOR, or ;61 in the event any of sa'd sums of money i hercin referred to be not promptly and fully paid wifhin th~rty (30) days next aiter the same severa~ty become d~e and paya6le, withou~ demand or notice, ~ or (c} ~f~2 evem each and every the sripuiarions, agreements, cond~riorts and tovenants of sa-d promissory nose and th'~s mortgage any or either are no1 ~~iy, promptly and iutly performed, d.schargad, executed, effected, completed, compl~ed with ar.d ab~ded 5y, then in e~ther or any such eveM the aa~d ag- g~egate sum menTioned in said pron,Issory note then remaining unpaid, wit6 intere,t accrued, ond a:t moneys secured hereby, shafl become dve and pay a~ e for~hwirh, or rhereaftcr, at Ihe oprion of so~d h10R1GAGEE, as fully arxl completely as it aH of th~• sald sums of money were or:ginaily st~pulated ~ to be pald on such dav, anyth:ng in sa.d promissory note or in this Mortgage to the connary notwithsta~~d~ng; and ~hereupon or ihereafier at the op~~on of sa d MORTG~LGEE, wirhout nonce or demand, suit at law or in equdy, thereforf or thereaiter begun, may be prosecuted as if all moneys secured hereby n~d metured pnor ~o its institution. 7. That in ~he event that at the beginn~ng of or at any lime pending any su~t upon this Mortgage, or to foreclose it, or to reform it, or to enforce Fayment of any ciaims hereunder, said htORTGAGff shatl apply to the Court having jwisdiction thereo! fo~ the ap~omtment of a Receiver, such Court shall icrthwith appoint a receive~ of said mortgaged property all and singu:ar, in~;~d,ng ail and sing~iar fhe income, prof~ts, issues and revenues from whatever s:;;•ce derived, each and every of wh;ch, it being expressty understocd, is hereby mo.~gag<d as if spec~licaity se/ forth and described in the g~anting a~d i,..i,endum tlauses her~wf, and svth Receiver :hal1 have alt the broad and eifective funct.ons and powers in anyw~se emrusted by a Court to a Receiver, and s_:h appointment shall be made by such Court as an admitted equity and a rratter of absolute rigM to said MORSGAGEE, and withou± reference to the ad~quocy or inadeq~acy of the value of the prope~ry mortgaged or to the so:venty or ~n;o~vency of sa"~d hlORiGAGOR p the defendants, and that such r~~~,ts, profits, inco~r.e, issues and revenues shau be appl~ed by such Receiver accordu~g to the lien or equity of sa~d MORTGAGEE and the praUice of such Court. 8. To duly, promptty and fully perform, d~scharge, execute, eifect, complete, coR~piy with and abide by each and every the stipulations, agreements, conditions and covenants m sa~d promissory ~ote and th~s mortgage set forth. 9. That in the eve~t the ownersh~p of the mortgaged premises, or ar.y part thereof, becomes vested in a person other than the MORTGAGOR, the :'.ORTGAGfE, its successon ar.d assigns, may, wirhout no~ice to +he MpRTGAOR, deal w~th such successor or successor in interest with reference to ihis ^ o•tgage ar.d the deot hereby sewred in the same manner as with hlortgago. without in any way vitiating or d~xharging 1he Idongagors' liability her~ u~cder or upon the d~bt hereby sewred. No sa!e of Ihe premises hereby mortgaged and no forbearence on the part of the I1VORIGAGEE o~ its sutcessors er assigns and no exrension of rhe time for the payment of the debf hereby secv~ed given by the MORTvAGEE or its successws or assigns, ai:all operate ro re~ease, d~scharge, mod~fy ~har.ge or affect the original liau~lity o[ the MORTGAf,OR herein, either in whole or in part. 10. It is spec~f~caf~y ao~eed that time is of the essence of this cororaU and that no waiver oi any obl~gatton hereunder or of the obl:gation se- cured hereby shal~ at ony time rh~reafter be held to be'a waiver of the terms hereof or of the insnument secured herby. 1 t. In ,a;id.tion !o the fo~egc ng month!y payments of princ pal and interest requhed by the prom ssory norE sec~red hereby, mortga~or eovenants d agr~es to pay to r~:o~tgagee wrth each r.~onrh'y Yay~ ,ent an add~r;ona{ sum esnn:ated b~ mortgagee to be equat to l, 12 of t:ie annual cost of the foliow- ,3: A-All real property taxas icvied or d55a5SCCf ag.~i•~st thc above describcd real estate. B- Gr,:n:~~~ns on fire and vvindsto'm ins~rarce as here~n requ~r~ to be carried on the imrroveme~ts s~t~ate on the above d=scribed premiSes. C-Premi~~.a o~~ s~ch r:o:tgoge gua~anty ir.svrar ce as mortgagee shall irom t me to time deem fit to carry on the loan secured hereby. hlortgagee sh,'I frcm t1.ne to ~~n:e nonf~ morrgagcr ~n writ~ng of the an:ou~t d~e and payab~e hereundrr and such sum shail thcreupon be due and ,.,abte on rhe d~e dar•~ oi rhe ~,ext momh.~ p~ymeni and each succees~ve R~omh thereaftcr ur.tii mor!gagee shall not~fy morrgagar of a change in such o~nt. Such sums st,a;t be app;icd by mortgag~•e tov,ard the payment of real property taxes, insurance F+em;ums, and morigage guaranty insurance r•emiums. IY Y~lINESS Y1H~ , the s d RTGAGOR has hereunto set his hand and seal the day and year first aforesaid. ' Signed, Seated n~ liver_ t prc~sen of: . r' a~) (Seal) ~ - ~ 5eal) - (Seal? 5~ FLORIDA t ~:~UNTY OF St. LL1C1Q } SS. Befwe me personalty appeared Leroy H fil~ end Linda Lavonne ~Z~D1 his wife, to me well known and knoWn tO me to be j rhe ind~viduais descr:bed in and who eaecuted the foregoing instrument, and acknowledged before me that they executed the same fw ti+e Rurposes rhe~ein expressed. Aad the sz~a_ Linda ~{7~OIII2Q $ZaIR " " • r.:fe of the said _ L@1 O}/ H~ ~'lc3m . t:~~;~.. - ' ~b ~a rstparp~ private e.am~nation by me taken separate and apart from her said husband, atknowledged to and before me that she executed.' i(•~ IfurtitM fpeely ertd volun- ~,-,~y and w~thout any compuls~on, constraim, appreIhers~r~or fear of or from he? said husband. • WITNESS my hand and offic~al seal this__ t~ day of ~ r~' f A,:D..•14~~ ~ , - otary Public in an fw f~e dte ~F~prid~at ~vrge i y Commission expire ~ ' ~ ~ ? Return To: _ ~ ~~~j j . first federal Savings S[oan Assotiation j~ Of Fort P;~ ~te. Fort ~ierte, FIor~Ja [14ED AMD FtECOR~E~ st. WC~E COUil1Y 1. . ROCER PQITRAS c~enx c~~,cu~j couat This Instrument Prepared By J.H. Roberts~ J=. RECORO'VEf<'FIEO First Federal Savings & loan Association q 3 - of Fort Pierce ~ Flor i,d~ a,`T ~ 3~ pH ~ 1 Z '~4__~.,.a o.. ~2__----- e . 2399'70 BUGK~?V~ PACE 915 ~ ~s - - i, ~r - - ~