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Home My WebLink About0656 3. To place and conti;iuo~s~y keep on the bui:dmgs now or hereafrer s~~uate o~ sa~d land and on atI eq~ipment ar.d personally covrred by this mortg- ege, with alt premi~mi tt,ercon pa.d in ivtl, fi~e ins~rance ~n ~he uswl 3td~tdd~fl NO~iCy form, in a wm app~oved by tha MOR~GAGEE, and w~~dstorm ~nsurance in the uwal siandard pot,cy fo~m, in s sum app~oved by the MORiGAGEE, in iuch company or com~an~es a~ ehe btiOR*GAGEE may direce; and a!I fire and w~iidsro~m ;nsurantz poliues on any of- sald budd~n9s, ~ny in?erai~ ~he:ein or pa~t thereof, in the aggrega~e sum aforesa~d w in excess thareof, shali ;onram ~he ~ava1 standard mor~geg~ ~lause or such o~her ~I,~u~e as the Morlgagee may reqv~re, making ~h~ toss under sa~d poti- des, each and every, payable a sa~d htJR7GAGFE as ~rs ~nrerrst may appra~, and ea:h and every such poi~cy shall lk prump~ly ass gnrd and det~.•~r~d to eoy held by said MORiGAGEE as fwthar security to said morigage debt, and, no~ ~ess than ten (10) days in ad,rance oi ~he exp~~at~on of each po5cy, to de- fver ?o aa~d MORTGAGEE a renewal ~hereof, toge~her wi+h a rece~pt tw ~he p~emium of such renewal; and thrre shal! br no fae or w~~~da~o~~n insvrance plated on any of said bui!dings, any ~nterei~ there~n or part thereof, untess in ihe form and w~~h the loss paysble as afcresaid; aod in the e+~~em any ~um of money becomes payab~e under such policy w poGues sa~d MGRiGAGEE shalt have ihe opt~on w rece~ve end apply the same or~ account of the indrLtrd- ness sec~red he~eby a to perm(t sa~d RAOATGAGORS to rec~ive and uss it p any pan thereof ior ochur purF:oirs. .•.nnout ih_nur ~r ,~np,,,r- ing any equity, Iien or r~ght under or by virtve of thi~ mortgage; and in the eve~t ~a~d MORTGAGORS sha!1 fo~ any reaso~ fail to krep ~he sa~d pre~nis:a so ~n~wed, or fail ro delfver promp~ly any of sa]d pol~ciea of ~nsurance to sa]d MORTGAGEE, w fail prompNy to pay lu~ly any prc~~~~um ther~for or in any respect (ail to perfwm, d;sih~rye, execute, effect, complete, comply with and abide by this covenaN, w any pa~t hereof, sald MORTGAGEE may piace a~~tl pay (o~ such inaurance or any part thereof w~thout waiving a affecting any option, lien, ~qu~ty, or ~ight undei or by virtue o( this Mwtgaga, ar.d the fwl an~ounf of each and eve~y s~<h payment shalt be immediarely due and payatle and shall bear interes~ from ~ho date ihc~eof uroil pa~d at the rare of n ne per cenrum per annu~n and tp~rth.:r v~~~rh such intcrest shall be Secured by the Gen of this mortgage. 4. To permit, commit or suffer no ~vaste, impairment ot deter~oration of said property w any part thereof. 5. To pay all and singu~ar the costs, charges and ezpenses, ~nclud~ng a reasonable attorney'i fee and costs o( abstracts of t7tte, incur.ed o~ pa~d at any time by said MORTGAGEE, because or in rhe evenf of tht faliure on Ihe part of ihe said MORTGAGOR to duly, pron,ptly and futly perlorm, d~scharge, =xacufe, effecl, compte+e, comply w~~h and ab;de by each and every the stipulat~ons, agreements, condition~, and covenants ef said p~an~ssory note and ~his mor~gage any or e~~her, and sa[d costs, charges and eapenses, each and every, shatl be imrtrediarely due and payable; whether or not there be ~ot~:e da mand, attempt ro coll~t or su;t pend.ng; and the full amount of each and every such payment shall bea. intere:t from ~he dat~ thereof vntil paid at the r:r~~ of nine per centum pcr annu:n; anu aU sa~d costs, charges ar.d exExnses incurrcd pr paid, together w~th such interast, shall be setured by the l~en of this mo~•gege. 6. That (a) in the event of any breach of this Mortgage or default on the part of the ~.tORTGAGOR, or (b) in the evenf any of sa:d sums of money herein rcferred to be no1 pranp~ly and fully paid w~~hin ~h~rty (30) days next aitar the same seve~a!ly become due and payabte, withour demar~d o~ not~ce, or (c) in the evenr each and eve~y the stiglilat:ons, agreemenfs, cond~t~ons and covenants of sa,d promissoiy note and th~s mortga9e any w ei~her are no1 i~Iy, promptly and fulty periormed, d,scharged, executed, effected, compteted, compGed w~th and ab~ded `ay, then in e~ther w any svch event the sa~d ag g~egate sum mentioned in said pron,isswy note then remaining unpaid, wirh intere,t acuued, and a+l moneys sec~red f~reby, shall become due and pay~ ab'~e forthwith, or thereafter, at the opt~on of said MORTGAGEE, as fully and compleuly as if all of tha said sums of money were ongina:ly st~pulated !o be pa;d on wch day, anything in sa d promissory note w in this Rlortgage fo the tontrary notwithstandu~g; and ~hereupon Or thereefte~ at the option of :a+d MORTGAGEE, wirhout nw~ce or demand, suit at law or in equity, lherefo~e or thereafter beguo, may be prosecuted as if all moneys secured hereby n~d mat~red pr~ot to ~ts institution. 7. That in the event that at the beginnt~ of or at any time pending any s~it upon this IV~ortgage, or to foredose it, or to refwm il, or to enforte pavment of any claims he+eurder, said h10RTGAGfE shall apply to fbe Cou~~ having jurisd~ct~o~ thereof for the appointment of a Receiver, suc!~ Court shali ferthwith appoint a receiver of said m.ortg~ed property all and singular, ir+clud~ng all and singutar the income, profrts, issues and revenues from whatever sc~urce derived, each and every of w6~ch, it being eapressly onde~s~ood, ia hereby mortga9ed as ~f spec:lica!!y set fonh and dexribed in fhe granting and ~h.be~dum dauses hereof, and such Receiver shall have al! the broad and effective funct.ons and powe:s in anyw~se entrusted by a Court to a iteceiver, and s:ch appoimment shal! be made by wch Co~rt as an admitted equity and a matter of absolute nghl to said MORTGAGEE, aod without refere~ce ro the aclequacy a inadequacy of the vatue o! the property mortgaged or to the so:vency or mso4~ency o( said MORiGAGOR o~ the defendants, and that such r~•nu, profits, income, issues and revenues shafl be app{ied by such Receiver accord~ng to the lien or equity of said A10RTGAGEE end the praUice of such Ccurt. B. To du:y, prampt~y and fully perform, discharge, execute, effect, complere, comply with and abide by each and every the stipula+~nns, agreements, conditions and covenants ~n sa~d prom~ssory note and this mortgaqe sef forth. 9. That in the e~ent the own.ership of the mortgaged premises, or any parf thereof, becomes vested in a perw~ other than the MORTGAGOR, the ~.'JRiGAGfE, its successors and ass~gns, may, withoot notice ro rhe MORTGAOR, deal wrth such wctessw o? s~ccessor in interest wirh reteronce to this ~~~ortgage and the debt hereby secured in the same ma~ne+ as with Mortgagor wlthout in any way viuating or d~scharging the fAongagors' liability hero- ~nder or upon the debt hz~eby secv~ed. Ne sale o1 the prem~ses hereby mortgaged and no forbearance on the par~ oi the /dOR1GAGEE or its successws or assigns and no extension o( the time for the payment ot the debt h~reby sec~red given by the MORTGAGEE or its successws or au:gns, a1w11 pperate ro reiease, d~scharge, modify change or affect the orig~nal ~iabilrty of the AM1ORTGAGOR herein, eilher in whole w in part. 10. It is specifically agreed ~hat time is of the essence of 1h;s contract and thaf no waiver of any obl~gat~on hereunder or of the obligation se- cured hereby ahaN at any rime rhe~eafte. be held to be a warver of the terms hereof o~ of the instr~mem secured herby. 1 L tn add.uo~ to the foreyo.ng month!y paym~ms of prinCpai and interesf requ~rec! by the promissory note secured hereb~, mortgagor covenant: and agrees to pay ro mo:tgagee vvdih each moothly payr.~ent an addj~ional sum est~metFC1 4y mortgagee to be eq~al to 1'12 of ~he annual cos~ of the follow- . A-AII real pro~erry taxrs lev+ed or assessed ag3~•;st rbe above described real estate. B-Premi~ms on fire and windstonn ~ns~rar.ce as hereln requ;~ed fo be carried on the improveme~ls s;tuate on th~ above described premises. C-Premiums on wch m,ortgage gua~anty ir.surance as mo*tgagee shalt (rom r me to t6ne deem tit to ca~ry on the ~oan sec~red hereby. hlortgagee sh,;l from nme to time nonfy mongagor :n writing of fhe amount due and payable hereundrr and such su:n shaN thereupon be due and :..~vable on the due aate of the next mo~th!y payment and each wccessive month thereafter until mortgagee shall ~otify mortgagor of a change in such a-~ount_ Such sums sha:l ~e app!ied by mortgagee towmd tne payment of real property taaes, insurance prem:ums, and mo~tgage guaranty insurante ,r,remiums. S IN Y~ITNE55 :~HEREOF, the said MORTGAGOR has hereunto srt his hand and seal the day and year first~fores 2 Signed, Sealed and delivered in the presence of: . : - ' sn S ichard C . Smi ~~e~ ! _~n ~ ~ -~~sv~ I. 9~ith formerlY ~s~o Joyce I. Crowell STATE OF FL DA ~ ~OUNTY OF St • L11C1Q I _ Befwe me personally appeared Riehard C. $allt~l and Joyce Z. Snith gpZaerl Jo c~ Z c*~ot ~ , y y his wife, to me wefl known and known to me to be tne individuais desuibed in and who executed the foregoing instrument, and atkraw[edged before me that they e~cetuted tbe same for the purposes therein expressed. And the said Jo~?ee I. 9R1~1 formerl P y_.,1Stscc I Crarei t N~fe of tfx ~;a Richard C. '~ltt7 upon a xparate snd privste ` e.am~nat~on by me taEen separate and apart from her said husband, atknowledged to and before me that she exetuted said instrument freely and volurr ~ rs-~~y and w~thout any computsion, constraint, apprehensio , or fear of or from her said husband_ ~ ~ November ~ WITNESS my hand and off,cial seal this_ day of ~yb. 7r2 ~ ~ ~ . . ,w.._'~"77r;~' -i otary Pu61ic in and for the of at t~e ' ,t~ My Comm:uion expires: - ' + V~C~ ? ~ Return To: : , ~ ; ~ - ~ ~j`.t~~ First Federe! Savings 3 loa~ Associat:on ; v y~~ _ - ~ q.~.. - Of fort P~e e. • ~ FOrT Pierte. Flo. Cda ~~C. S~ATE of~ft,ORIQI~K , i:~ ` MY COMh11SSI0N p(%RES ~~C~~ 29,~~9'1~''< YonON ln.u atMql (aiYt~M~ ~~T~Qiry~r~yw~ ' " This Instrument Prepared By ltichazd K. Kayes FILEO AM~ P,ECOROED First Federal Savings 8~ Loan Associafion $T, ~1~CtE COUNTII flA. c ~ of Fort Pierce, F1oTida ROCEk F~1~RAS t CIERK Ct :CU?t COURT ~ Checked By~ RECORO YE~~iE=~••~-!~~ - Ilor t~l 9 ss AH'~Z { 3c,oK ~g ~1~ 242011~. ~s w , r ~ ~ : ~ ; : •r~,~~ _ <^T : 'Z _ a _ "M 'ruy . _ . _ . .u. ~