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Home My WebLink About0923 3. To place and continuously keep on the bui:ding= now or hereaiter ~ituate on sa~d land and on a~f rq~~p:nent and personatly covered by this mor ege, wi~h all prem~ums thereo~ pa;d in lufl, fi~e iasurance in tha usua! sr~ndard policy lorm, in a sum apNro+ed by ~he MOR~"vAGEE, and windato ~nsurante in the usual standard pol,cy 1o~~n, in a sum approved by the MORTGAGEE, in such co~npany or curnpan~es as the MORiGAGEE m d~rect; and all fire and w~ndsiorm ins~rante poliues oo any of said bu~idmgs, any inte~est therein or par! thereof, in the aggrcgate sum afo~esa~d in excess fhe~eof, shall :ontain the uwal standard inortgagee t!ausa or such other c;ause as the Mo~tyeyee n~ay reyu~re, making the ioas unde~ •a~d po c~ei, each and every, pay~ble ~o sa~d h1pRiGAGEE as its interrst may appea?, and each and e~ery such po:;cy shatl be promptiy ass gnrd and de.ivered ~ any hefd by sa~d 6tORiGAGfE as furthcr security to said rno»gage deb?. and, no? tess than ten (10I days in advance of the expirat~en of each policy, to d~ •:o s.i~~ :^R'G^!>~E a_~wal thereof, together with a receipt fw the premium of such renewal; and there shall be no I.re or windsto~m insurant p~aced on any of said build~ngs, any interest there~n o~ part thereof, unless in the form and with the loss payable as aforesaid; and in the evenl a~y su~ of money becomes payable undar such poGcy or polkies said MORTGAGEE shall have ~he opGon to rec~ive and app!y the same on accoun~ of the indeb~rd ness secured hereby o~ fo permit Said MORTGAGORS ro rcCeire and use it w any port th•.:eof for o:n~ r y.ury ~srs, ~-..N„~f Ih:•. o, ,n.:i~i i~ c~ ~~npwr ` ing any equ~ty, lien or right under or by vi~tue of this mo:`gage; and in the event sa~d MORTGAGORS shall 'or any reason fai) to kcep the said prem~ses so ~nsu~ed, o~ fail to deliver promptly any of said polieies oi inswance to said MORTrAGEE, or fo~t p:omptly to pay fulty any pren,i~m therefor or in any respect fail to perform, d~schar9e, execute, effect, comptete, compty wirh and abide by this covenant, a any part hareof, sa~d MCiR7GAGEE may pface ano p~; for s~cl~ insurance or any part lhereof w~thout waiving w affecting any option, lien, equ~ty, or ri~ht under or by virtue of this Mortgage, a~d thE _ _ ~ . f~ll amount of each and every such payme~t shall be immediate~y dve and payao~e a~~u at~o~~ uoa~ ~F { nme per ceotwn per annum and to~ethe~ aeih such inrerest shaii be scc~red 6y the liln oi this mortgage. 4. Io .:_~mit, commit or suffer no waste, impairment or deterioration of said property or any part thereof. 5. To pay al~ and singular the costs, charges and expenses, including a reasonable attorney's fee and cosrs of abatracts oi tille, incurred or paid at any ~ime by s~id MORTGAGEE, because or ~n the event ot the fa~iure on ~he pan of the said MORTGAGOR to duly, promptly and fully perform, d~scharge. ~recute, efiect, complete, comply w~fh and ab:de by each and every the stipulat~ons, agreenien!s, cond~:ions, and covenmvs of said promissory note and this ~~o~tgage any or e~~her, and sa:d costs, charges and expenses, each and every, shall be immed~ate~y due and payrble; whether or not there be not~ce d~ mand, attempt to tot(ect or suit pend.ng; and the Full amount oi each and eyery such paymenl sh~ll bea. interest (rom the date thereof umil paid a1 the -_•~e oi n~ne per cantum par annuar, and alI said costs, charges and expenses ~ncurred or paid, ~ogrther w~th such interest, shall be secured by the Gen o1 this mortgage. 6. That (a) in fhe event of any breach of this Mortgage or default on tM part of ~he MOR7GAGOR, or (b) in the event any of sa:d sums of money heiein ~eferred to be not promptly and fully paid within th~+ty (30) days ~ext atter Ihe same severo'ty become due and payable, without demand or not~ce, or (c) in thr event each ar.d every ihe stipulaiions, agreements, conditions and covenanfs of sa.d promissory notr a~~d th~s mortgage any or either are not ~uly, prompNy and fully performed, u,.~.ocged, exewted, effected, completed, complied with and a~~ded Sy, then in e~ther w any such eveN the sa~d ag aregate sum m-antioned ~n said promisso~y note then rema~ning unpaid, wirh in~ere>t accrued, and a~: moneys secured hereby, shall become dve a~ pay- ao'e forthwith, or thereafrer, at the option oi said hSORTGAGEE, as fuily and comple~ely as ii aU of thr sa~d sums of money were onginaily snpuiated to be ~~d o~ such d:.y, anything in sa:d prcn,~ssory note or in this Mortgage to Ihe cororary notwilhstand~ng; and thereupon or thereafte~ at the op~~on oF s:3 d MORTGAGEE, without notice or demand, suit at law or in equ~ty, therefore or thereafter begun, may be prosecuted as if a!1 morteys secured hereby n d matu~ed pnor to its institur~on. 7. That in the even? that at the beginninq of or at any time pencting any suit upon th~s Mortgage, or to foreclose it, or to reform it, or to enforce F-~yment of any cl,,ims hereunder, said M02TGAGEE shall apply to the Cou~t ha~lr.g ~ur~sd;cs;o~ ~hereof for the appomtment of a Receiver, svch Court shall fc~rnwith appoint a receiver of said mortgaged prope~ty all and singular, includ~ng ail a~~d singula~ the ir.come, prof~ts, issues and revenves from whatever s::~~ce derived, each and every of wh;ch, it beirig expressly understood, is F.ereby morigaged as ~f spec~fically set fo~th and desuibed in the granting and 1,;u~ndum clauses hereof, and such Receiver shail have att the broad and effective furtcr~ons and powers in anyw~se emrusted by a Court lo a Receiver, and s.ch appointment shall be made by such Co~rt as an admitted equity and a matte~ oi abso~ure r.ght to sa]d MORTGAGEE, and wiihout refere~ce to the >d_quaty or inadequacy of the value oi the property mortgaged or to the sotvency or inzo~vency of sa:d MORTGAGOR or tAe deFendants, and rhat such ~rs, protits, inco.ne, issues and reven~es shall be applied by such Receiver atcord~ng to the {ien or equity oi said MORTGAGEE and the pradice ot such Gourt. 8. To duly, prompt!y and fully perform, discharge, execute, effect, complete, comply w~th and ab+de by each and every the stiputations, agreements, .-~~~dHions and covenanrs ~n sa~d promissory note and th~s n•.oatgage set forth. , 9. Thar en the event the owr.ership of the mortgaged pren,ises, or any part thereof, becomes vested in a person other than the MORTGAGOR, the "JRTGAGEE, its successors and ass~gns, may, without notice to the MORTGAOR, deal with suth successor or successor in interest w~th reference to this 0 ortgage and the debt hereby secu~ed in the same manner as with l:lortgagor w~thovt in any way vit;ating or d~scharging the /Jlortgagors' liability here- der or upon the debt hereby secured. No saie oi the F.emises hereby mortgaged and no forbearance on ~he part of the IAORiGAGEE or its svccessors or ass~gns and no extenz~on of the t~me for the paymen? of the debt hereby secu:ed given by the MORTGAGEE or its successors or assigns, ai~all operate io re!ease, d~scharge, mod~fy change or affect the original liab~lity of the MORTGAGOR herein, either in whole or in part. 10. It is spec~ficatfy agreed that time is of the essence of this ~contract and that no waiver of any ob!~gation hereunder or of the obligation se- cvred hereby shali at any time thereafter be he:d to be a waiver of the terms hereof or of the instrument secured herby. 11. In audn~u:i to the forego ng month!y payments of princ'paf and imerest requ~red by the prom~ssory no?e sec~red hereby, mortqagor covenants ~ d ag~ees to aay to mortg;~gee v~ith each month.y payr.eM an add:rional wm ost~n,ated by mortg3gee to be equal to 1, 12 of the annua! cost of the follow- A-All rEal property ta~ccs le•iie~ or assesseci agai•ist the above descri5ed real estate, B-Pra!r,iums on f~r~~ and w~ndsro~m insuracce as i,ere~n requ;red to be carr;ed on the :m, rove~ne~ts s~ruate on the above dascr;bed premises. C-Prerniums on s~~ch n,ortg~ge guarar.ty insura~.ce as mortgagee shall from t me to tirne deem fit to carry on ihe loan zecured hereby. h5ortgaoee sha:l from t~:ne to t;:,,e nctify mortyagor ~n writ~n9 of the amou~t due and payable hereundar and such su~i shall thcreupon be due and ;~,b!e on the cl~e date of tha next „~onthiy payment and each succeszive ~nonth thereafter ur~tif mortgagee shalf not~fy mortgagor of a thange in such - :unf. Such sums stia:i E~e app'ied by mortgag~.e ioward the payment of real property taxes, insvrante prem~ums, a~id mortgage guaranty insurance ~n~.iums. IN 1'71TNESS LVNER~OF, t sa;d RTGAGOR has hereunto set his hand and sea! the day and year first atoresaid. ~ ~ i ned,~d deliver e esence of: ~~I /~Y/~-e-t~-`~ ~Y~ ~Z ~SCa~~ Rnhprt C_ /N~rnnrnn ~~a~~ - t' ~lir~~~~ C~ ~e?~~~-7f ` (Seal) _ _ ~ Cecil ia C. Howren ~~a~~ STATE OF FLORIDA ~ ` _~u~~~r oF St. Lucie ~ ss' ` _ - ; ~ - . : ' . ~d : ; 8efore me perwnally appeared _ RObeY L C. Howr en ' ° _ CeCilid C. Howren i ' ' his wife, to me vreU kndwn~and•kno4+rn`~2S~fp b~ fh: ind~vidua:s described in and who executed the foregoi~g instrument, and acknowledged before me that they xecuted th~ 'sarwi, fdt tfil. r~ses Pd P~ ~ . . t iherein expressed. And the sa~d _ CeCllia C. Howren ~ f~" U~' " :.:fe of the said ROb@Yt C• HOW1~~i - nfs seprate.~nd pfilrate ~ ° ~f~m~narion by me take~ separate and aparf Irom her saed husband, ncknowledged to and before me that she exieWOd a~i~iristr~~ent'freel~(; anct yolup- ' ` ~n~y and w~thout any com, vlsion, constraint, appre e sipq, or fear of or from her s husband. ~:-s ~ . ' WITNESS my hand and offic:al seal this_ ~,C day of ' A: D:'19._~ . ~ T tiz ~ N tary Public in a d f r the Sta e o( Flori88~et•large My Commission expir s; ~l~ Retum To: '~I ' ` first Federal Savings S loan Association Of ~ort P eree. Forl Pierce. Flprid3 ftLEO AYG PECOROfO , ST.IUClL COUNTY flA. ROGf « ?OiTRAS C~ERK C. ::".Wt COl1RT This lnstrument Prepared By Gary F. fil2wood RECGR r ~,.'iEu ; First Federal Savings & loan Association O~t ~l 9 39 AH ~i of Fort Pierce~ Florida , Checked By - ~ 2399'74 ~ . II . EOGK PACF 9~ Ir ,i - - - - ~ _