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Home My WebLink About2336 3. io place a.~d con~inuounly keep on the bui".d~ngs now or hereafter sttuate on sald land and on ali equ~pment and personaUy covered by this ma aga, w+th a!! p~en~;yms lhe~eon pa~d in full, firc insurance in ~he usual standard potity fOrm, in a sum app~oved by Ihe MORiGAGEE, and windsto ~~su~ance in ~he us~al standard pol;ty form, in a sum appro~ad by the MOkTGAGEE, i~ such company or co~npanies as ihe MORTGAGff m d~rect; and alt fire and wtnJarorm inturance po!icies on any of sa'rd build;ngs, any inte~es~ therein or part thereof, in the aggrega~e wm afo~esaid in extess thereof, shall conrain the ~sual srandard morfgagee dause w such other dause as 1he Mo~tgagee may requ.re, making the loss under sa~d po Ges, eacA and every, payab!e to said h10ATGAGEE as its inlerest may appear, and each and every such poilcy shall br promptly ass gned and detivered + any held by said MORTGAGEE as iurther security tu said ~~ortgage debt, and, ~ol less than ten (10) days in adva~xe of the expiration of each polity, to d~ Gver to- said AiORTGAGEE a renewaf thereof, Iogether with a receipt (or the premium of such ~enewal; and rt,ere ehall be no i~re or wii,dsronn insuronc ptaced on any ot said buitdings, any interes~ the~e+~ or pa~t fhereof, unless in 1he torm and with the loss payable as aforesaid; and in Ihe event any sun of money becomes payab~e under s~ch policy o~ pollcies said MORTGAGEE shall have ihe opt~on to ~eceive and app!y the eame o~ accoun~ of the indab~ed ness set~ied hereby or to permit said MQRiGAGORS fo receive ar.d use ii w any part thereoi tor otn._r purf;osrs, r..tn~~r Ih~.. u~ .va~.i,i3 or ~~upai~ ing any equity, ~ien w right under or by virtue of this mo:'gage; and in the event sa~d MORTGAGORS shall !or any reason fail to keep the said premi=rs so ~nsured, a fail 1o delivet promplly any of said polities of insurance to said MORTGAGEE, or faii prompt(y to pay futly any pre~nium thc~efor o~ in any respect fail ?o perform, d~scharge, execu~e, eifev, complere, cor+ply with and ab~de by this cove~ant, or any part hareof, sa~d MORTGAGEE may piate and pay fw such insurance o~ any part thereof without waiving w affetting any option, lien, equity, or right ur.der w by virtue of this Mwtgaga, and thE ~ futl amounl oi each and ev~ry such payment shail be immediatety dve and payabte and ~hd!! bear enterest from tha date thereof until paid at the rate oi n~ne per cem~m per annum and to~ether with such interest sha{I be secured by the lie~ oi this mortgage. 1. To permit, commit or suffer no waste, impairment p deterioration pf said property or any part thereof. 5. To pay all and singular 1he costs, charges and expenses, including a reasonable attwney's fee and costs of abstracts of title, incurred or pa~d at ~ any time by said MORTGAGfE, because or in the evenr of the (ailure on the part o) the said MORTGAGOR to duly, pioinptly and fully perform, d~scharge. _.ecute, ef(ed, complete, comply wah and ab:de by each and every the sGpulations, agreements, conditions, and covenants of said promi>aory note and this ~,o:rgage any o? e~~her, and said coits, charges and expenses, each and every, sha(1 be immediatety due and payabte; whether or not ti~ere be not;ce d~ n,3nd, attempt to collect or suit panding; and the fuH amount of each and every svch paymeM shall bea. inferesf from Ihe date thereof until paid at the ' ;.:r~ o~ nine pe~ crntum par an~~um; an~' atl said ces~s, charges and ex~xnses irxurred or paid, together wnh such inieresl, shall be sxured by the lien of this mortgage. 6. That (a) in rhe evenf of any breach of this Mortgage or default on the part of the MORTGAGOR, or (b) in the event any of sa~d sums of money herein refe~red to be not promptly and Eully paid within thnty (3p) days nex~ after the same severally i,ecome due and payable, without demand or notice, er (c) in the evcnt each and every the stiputatioru, agreements, conditions and covenants o! sa:d p~omissory nofe and 1h~s mo~tgage any w either are not iu1~, prompdy and iully performed, d:scharged, ezecuted, eifected, completed, compi~ed w~~h and ab~ded ~iy, then in e~ther es ?ny such event the said ag- ~r~gate sum mentioned in said promissory ~ote then remaining unpaid, with interes~ accrued, and ati moneys secured hereby, shalf become due artd pay- aole forthwith, or thereafter, at the option of said MORTGAGEE, as fully arxJ completely as ii all 04 the said sums of money were onginaUy snpula~ed ' ;o be pa~d on such day, anything in sa:d promissory note or in th~s Mortgage to the contra~y nor,withstandir~g; and ~hereupon or thereafter a~ the opt~on of s,:d MORTGAGEE, withe~t notice or demand, suit at faw w in equity, therefore or thereaite~ begun, may be prosecuted as if all moneys secured hereby n.,d matwed pnw ~o ~ts instit~thon. 7. That in the event that at the beginning of w at any time pending any sui? upon this Mortgage, or to foreclose it, w to refoTm i?, or to enforce E~i~~ment of any daims he.eundrr, said MORTGAGEE shatl appfy ta the Gou.t baving jurisdrcrion the~eo! for the appo;ntmen! of a Receive?, wch Court shall ' ' rc~thwith appoint a receiver of said mortgaged property all and singular, inctud~ng all and singular tFe income, profits, issues and revenues from whatever s~urce derived, each and every of wh:ch, it being expressly unde~stood, is hereby mor~gaged as if s~eclicatly sef forth and described in the granring anid h~i endum clauses hereof, and such Rece~ver shaU baye all the broad and eifective funct~ons and powe~s in any~vise emrusted by a Court to a Receiver, a~~d s..ch appointment ahall be made by such Courl.as an admitted equity and a matter of absolute right to said M40RTGAGEE, and without reference 1o the aclequacy or inadequacy of fhe value of the property mortgaged or to the so~vency or inso~vency of said MORiGAGOA or !he defendants, and that such re~~+s. profits, income, issues and revenues shall be applied by .such Reteiver atco:d~ng to the lien or equity of said MORiGAGEE and the practice of such Court. 8. To duly, promptly and fully perform, discharge, execute, effect, complete, comply with and abide by each and every the sfipvlations, ag~eements. ~ cund:tions and covenants in sa~d promis:ory note and this mortgage set fath. 9. That in the event the ownership of the mortgaged premises, or any part thereof, 6ecomes vested in a pcrson other than the MORTGAGOR, the ~RTGAGEE, its successors and ass~gns, may, wirhow notice to the MORTGACR, deal with such successor or wccessor in interest wirh reference to this c•rgage and_rhe d~bt hereby secured in the same manner as with lhortgagor without in any way vitiating or dixharging the Mortgagors' liabitity here- :~~,der or upon the debt fiereby secured. No saie of the premises h_reby mortgaged and no forbearance on ~he part of the MORTGAGEE or its successors cr ass~gns and no extension of the •ime for the payme~t oF the debr hereby sec~red given by the fAORTGAGEE or its successors or ass~gns, ahail operate io re~ease, d~scharge, modify chang~ or affect the original liab~lity of the MORTGAGOR herein, either in whole or in part. 10. It is spec~ficaity agreed that time is of the essence of this contract and that no waiver of any obt~gat~on hereunder or of the obligation sr c~red hereby shali at any tin,e thereafter be hcld to be a waiver of the terms hereof or of the instrument secured herby. , 11. in addYic~ to tf~~ forego'~ig rnonthty payrn~nts of princ'pal artd interest requi~ed by the promisscry na!e sewred hereby, mortgagor covenaMs ~,~d agrees to pay to n:o:tgagee with each monthiy payr,:ent an addiiional sum esnmated by mortgagee to be equal to 1~12 of the annual cost of the foltow- A-All real property taxrs lev~ed or assessed agains: the aEove described real estate. B-Prirr.i~m5 0» fire and windstorm fnsurar.ce as herein requ~red to ba carried on !he improveme~ts rtuate on the atwve described premises. C-Premiu~T~s on s~ch m.ortg~ge guaranty ir.surance as mortgagee shall from t~me to time deem fit to carry on 1he loan secured hereby. Mortgagee sha~l from time to time notify mortgagcr in writing of the amounl due and payable hereunder and such wm shall thereupon be due and ;~,abte en the due dare of rhe ne,ct month:y payment and each successive month thereaft~r uroi~ mortgagee shall not~fy mortgagor of a change in such ount, Such s~ms sha;i be appi~ed by mortgagee toward the payment of real property taxes, insurance prem:ums, a~~d mortgage guaranty insurance a~niums. IN IVITNf55 `.'JHEREOF, rhe said MORTGAC,OR has hereunto set his hand and seaf the day and year first aforesaid. Signed, Sealed a d del/ivered in the presence of: ~_~.1~t .C ;u~.f.(.tl.~f ' $ean _ . M' ael Keit es ~~a~~ n ~ 1 n c.~- cs~ar~ ~ inda Ha, es c~an ST,',TE Of FIORIDA ~ St . Lucie ~OUNTY OF ~ Michael Keith Haves ` Befwe me personally appeared and _ Linda Hayes his wife, to me well known and known to me to be + t'r~= ~ndmduals described in and who execured the fwegoing instrument, and acknowledged befwe me that they executed the same for the purposes = Linda Ha ~ rherein expressed. And the said__ ]reS i ::~fe of the sa~d Miehael iGeith Haves ,~,'4~ibH'~~~, arate and private ~.am~nation by me taken separate and apart from her said husband, acknowledged to and before me that she executed sai~! iwtNment'iyglly and volum r~ ~ly and w~thout any compulsion, mnstraint, apprehension, or fear of or from her said husbsnd. WIiNESS my hand and offitial seal this_- ~Ott1 day of I}G',D. 19~ ~ . , . Notary Public in a~d fqr th~ St~e f ftorida t~.argq My Com,nission e:piref: y~Pt`e~p.~:?$~ :19~~ Retum To: ~ iirst federal Savings ~ Loan Aswciation g Of Fort P:erce. ~~~••7•';~~` 3 Fort Piette, Florida ~ This Instrument Pre ared B ~#LED A~~ ~ a~~~' ~L P Y Dennis R. Holerger t11~~~_~Q First Federal Savings & Loan Association ~OGc~ ~ of Fort Pierce ' R lot ida 6Lf RK ~ti ~ ~U~~ ~u~~ NECOP.~ ~~R ~IE . Checked B~f ~ 1~~ " ~1 ~~0~ bcc~ ~0~ ~asf~~~ . _ . . _ i_ ~~-~.=w~. ~ - - - _