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Home My WebLink About0214 3. To place and continuo~sly keep on the bui:Jings now or hereafter s~tuate on sa~d land and on al; equlpment and personaily coverzd by this ma~g- sge, with all prem~u:ns ~ha~eon pa~d in fuil, i~re ini~rance in the ~s~al star.dard pol~cy form, in a wm aFproved by the MQR~G.~GEE, and w~:~dstor,n insurance in tha usual standard pol,cy fwm, in s su~n approveJ by the MORTGAGEE, in suth compa~y or co:npan~es as the h'tOR1GAGEE may direct; and all (iie and w~~ds~orm ~nsuronce pofk~es o~ any of said build~ngs, ~ny interes~ theroin or part thereof, in /he a99~ega~e swn sforesa~d or in extess thrreof, shall ;oNain the ~sual standard mor~gagee ctause or such other t7auu as the Mor~gagee may req~~ro, making the ioss ~ndrr sa~d pot~ r.es, each and every, payab'.e to sa~d MORIGAGEE as ih imerrst may appea~, and each and every such po:ky shall be promptiy ass g~:cd and de~evcrad ~o any held by said MOR(GAGiE as {urther security to wid mortgage debt, a~~d, no~ les~ than 1en (10) days in ad~ance ol rhe expiro~~cn o! each policy, to de- J;ve~ to sa;d A10RIGAGfF a ienewa! ihe~eoi, toge~her wiih a r~e~pt for the premium of such renewaf; and ~here shafl be no f~re.o~ w~nds~o+~n in~~~ance p~aced on any of said build~ngs, any interest there~n o? part thereof, unless in ~he (orm and with ~he loss parab!e as aforesaid; and in the event aiy aum of money becomes payable under such potiq a pot~cies said MORIGAGEF shaU heve the opt:on ro rece~~e and app!y the same on account of the indrb~,rd- ness secured hrreby w to permi~ sa~d MORTGAGORS to receive and we it w any par~ tha:eof lor o;i,cr ~.u~.oses. .•.~i~~.~t th_~.c,~ .v_~.~~~ :r u~:p.,~~- ing any equ:ty; lien w rLght under or by virtue of this mor`gage; and in ~ha event ia:d MORTGAGORS sAatl for any reason fail to keep ~he sa~d preen~s_s so inw~ed, or fail ?o deliver piomptly any of sa~d policies of insu~ance to sa~d MORTGAGEE, o~ fail promptly to pay fuily any pre~ni~m iherefor or in a~y respect fail to perform, dlscharge, executr, effetl, corr~ptete, comply with and abide by this covenant, or any part hrreof, said MGRTGAG~E may piate a~~d pay fw such insurence or any part thereof wirhou~ waiving or affet~ing any option, lien, equity, or right unde~ or by virtue of lhis Mortqage, and ~he tull amount o( aach and every such paymen~ shall be immediately dua and payab~e and shall bear iMerest from the date thereof un:il p.;~d at the ra~e ol n~ne per cenrum per annum and to~rthrr vaith such inter~st shail t,e secured by Ihe tien of th~s rtwrtgage. I. io permir, commit or wffer no waste, impaim~ent w deter~orar~on of sa~d prope~ty oa any pa~f thereof. 5. 1o pay all and singular the cost~, charges snd expenses, ~ncluding a reasonable attorney's fee and cosrs of abstracts of tirle, incuned or paid at any time by said MOR~GAG`_E, because o~ in th~ event of the fa~lure on thz part of the said MORTGAGOR Io duiy, promptly and f~;ly perform, d~scharge. axecute, elfect, complete, comply wnh and ab:de by each and every the stip~lar~ans, agree~nents, tonditions, and tovenants oi sald prom~ssory note and this mo~tgage any or ei~her, and sa:d c~sts, charges and expenses, each and every, shall be immediatety due and payab!e; wherher or not the~e be noeice de mand, attempt to co11Kt or svit pend~ng; and the fu:l amount of each and every svch payment shafi bear interest from the date there~f untii paid at the .~;re os nir~ ~r tenrurn pcr an„~:n; anC all said costs, charges and expenses iruurred or paid, together wuh such interest, shatl be sawred by the Gen of th:s mortgage. 6. Tha? (a) in the event of any breach of this Mortgage or default p~ the part of the MORTGl~GOR, or ;b) in the evenf any oi sa;d s~m= of mo~ey herein referrad ro be not promprly and fv~~y paid wirhin ?h;~ty (30) days nexf airer the same severatly becom: dve and payable, without demand or no?ice, or (c) in Iha event each and every ~he stipu:ations, agreeme~ts, conditions and tovenanrs oS sa:d p~orn~ssory nota ar~d ~h~s mortgage any or e~ther are not i~ly, prompily and iuily perFormed, d:xharged, executed, effecred, canpteted, compGed w~th and ab~ded Sy, then in e~~he~ or any such evem ~he sa~d ag ~~egate sum menrioned in said prom~ssory note then remaining unpaid, wi~h interes? acu~rd, and aii mooeys secured hereby, shall become due and pay - ab.e forthwith, or thareafte~, at the opt~on of said MORTGAGEE, as ful~y and completely as if all of the sa~d wms of money were or~gipa~ly s~~pu~ared ro be pa~d on svch day, anythrng in sa d pro,n~sswy ~ote or in fhis Matgage to the contrary nohvithst~ndwg; and ~hereupon or thereaf!zr at the opt~on of sa;d MORTGAGEE, wnhout not~ce or demand, suit at law or in equity, therefore w tAereaf~er begun, may be prosecuted ss if all moneys sewred hereby r,~d matured pnor to ~ts ~nstitution. 7. That in the eve~t rAat at rhe beginn~~g ol o~ at any lime pend~ng any s~~t upon this Mo~fgaae, o~ to foreclose it, or to reform it, or to enforce payment of any claims hereun~er, said MORTGAGEE shall apply to the Ca~rt having jurlsd~ct;on thereof for the appo~mment of a Recei+er, s~ch Gourt shall Fo~rhwith appoim a receiver of said mo~tgag;d property alf and singufar, inctud:ng aU and s~ngvtar thz incon~e, prof,ts, issves and ~evenues l~an wh~fe~er source derived, each and every of wh:ch, it be~ng expressty une+ers~ood, is Fe~eby mo~tgaged as ~f spec~tically set forth and described in the g~anr;ng a~d habendum clavses hereof, and such Receiver shalt have a11 the broad and e4fecrive funct,ons and powe~s in anyw~se entrusted by a Cuurt to a Receiver, and s;,ch appoinrme~it sha1J be made by such Cou~t as an ad~nitted equ+fy and a matter of absolute nght to sa~d MORTGAGEE, and without reference to the adequacy or inadeq~acy of the value of the property mortgaged or to ihe so.ve~cy or ;nsolvency of said MORiGAGOR or the defendants, and that such renrs, prolits, income, issues and revenues shall be appGed by such Receiver accord~rg to the tien or equity of sa~d MORTGAGEE and the p?act;ce of such Court. 8_ To duly, Fromptly and fully p~rform, d~scharge, execute, e(fect, comptefe, comply with and ab~de by each and every the stipulations, agreements, cor.ditions and covenants in sa~d prcmisso~y note and th~s mortgaqe set forth. 9. That in the eve~t the ownership of the mor!gaged premises, w a~~y part thereof, becomes vested in a person othe~ than the MORTGAGOR, the 4t~RTGAGEE, its successo~s and ass~gns, may, w~fhout notice to the MaRTGAOR, deal w,th such successor or successo~ in interest with reference to thia o•~gage and the drb~ hereby secu~ed in the same manner as wifh Nlortgago. wnhout in any way vira:ing or d:sc~arging the Rlongagors' liability herr under or upon the debt hrreby secured. No sate of the Frem;ses hereby mortgaged and no forbearance on she part of the /~10RTGAGEE or its wccessors or assigns and no extens~on Of the time for 1he payment of the debt hereby sec~red g~ven by 1he MORiGAGEE or its sutte:sots or assigns, ahall operate so re4ease, d~acharge, modify ~hange or a(}ect the orig~nat liab:t:ty of the 6!ORTGAGOR herein, e:ther irt wbole w in pa~?. i0. It is spec~Ficaliy agreed that time is of the essence of this contract and fhat na wair•er of any obl~gat~on hereunder or of the obligation se- cured hereby sha!i at any time thereafter be heEd to be a wawer oi the terms hereof or of the instrumeN seCured berby. 11. In add~~~o? ro the forego"ng month!y payments o4 princ pal a~d imr~est requ~re~y the prom swry no!e secured hereb~. mortgagor covenants a- d agrees to pay to mo:tgagee w~rh each monrh!y payr.~Ent an ;dJ~nonal sum est:n~ared by morrgagee to be eaual fo ! 12 of ~he annval cost of the foilow- ~ A-All real property taaes ie~nad or assessea agai•~st th~ acove described r,al estate. B-Fr;:n~ums on fire anrl v,~r.dsrorm insuracce as 6erein requ;red to be carried on the ~mprovemeats situate on the above d=scrfbed prem~ses, G-Premi~ms on such mortg;ge 9uaranty ir.s~rar~ce as mo~rgagee shaN fre:r. t~me to time deem fit to ta~ry on tht loan secured heieby. Mortgagee sha!1 from time to t~me noti(y mortgagcr in writ~ng of the arro~nt due a~d payable hereundr~ and such svrn shail thereupon be due and :,yab!e on the due aate of ihe neKt momh!y payment and each successive month thereafter untii mo~tgagee sha!t not;fy mortgagor of a change in such ~~,ovnt. Such sums sha:i be app:ied oy mortgagae toward the payment of rea~ property taxes, ins~ra,ue prem.ums, a~id mortgage gua~anty insurance ^-emi~ms. IN \'11TNE55 '.'VHEREOF, the said MORTGAGOR has hereunto set h~s hand and seal ?he day and year first aforesaid_ Signed, Sealed a fivered in the presence of: • t 1 _ ~ r e nson, a sing ea~~ - (Seap - - - (Seaq S i ATE OF ftOR(DA ~ COUNTY OF Salflt LLC1Q 1 eeforo me personatly appeared Marguerite Johnson, a single 8tjlllt a~_ -----1fil~rlt~ ro me welf known and krrown W r~ fo be rha individua! described in and who executed the foregoing instrument, and acknowledged before me that Sjleexecuted the sarr~ .fot t~ie pyrposes ~ rherein expressed. A~d-ti~o- seid- - - - - - ~ . ~ _ ~ ~ _ - _ - ! . . - ..+f~ei~tF+rseid-__-~~~~__--- ~eN.~ele•awi *riwr~ ~ ~ a~inaliva b1~. me S~1~e~seF~~ete ~~LdDalL f~Gt4 b~ iaitL h~+sk~ocL ac1~oD~~ fD~Dd befoce. ma. tk~shie~e~ceFL~d sa~ka,t~t~~pieat~~e~t~~idyaivt ' ~~:~ir~aod ~i~hvut~Y sGO~ul~ioo~cv~tcai~u._aeAreht ~ iear_of ~t ~r~ h~ sairi.f~usbar~d _ . - `Nov er WITNESS my hand a~d official seal thiL_ - day of ~ Z I1! D = UD~ t-- 3 ~ = t=: , : - l, Notary Pub~ic'in f the t ~orida i~la e~ My Comm~ssion ex ir G• _ Return To: - P • ..r ~ ~ w J 5~~~~L First Federal Savings 3 loan Associat~on ~ ••,,,~a...i•~•'~ Of Fort P:erce. / Fort Pier~e. Fiorida ~ , ~ . '7 J ! ~ fIlEO 1~M~ ~ECOR~~e This Inst~ument Prepared ByJ. H. Roberts~ Jr. gL1.UC1E ~GUNTY F A. ~ • ' First Federal Savi~gs 8 Loan As ocialion ROG~R PniT~~S of Fort Pierce ~ F~orlda CIERK CI::CU~T COURT ~ pE~aF; YEF.tF1E0~-~-- Checked By ~ ~ p 'O 3? ~ ~ .l ~U~~2D~ ~~i~ ;~41651 ..W ~ _ ; : : _ - - _ ~ ~