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Home My WebLink About0658 3. To place and con~inuousty keep on U~e bu::dmgs now or hereafter a~tuate on said ~and and on ai{ eq:,ipmenl and penonally covered by thii mortg- age, w~~h all premwms thereoo pa d in (ull, 1~re insurar,ce ~n the usw! ara~~ard poi~cy form, in a sum apµrored by the MORtvAGEE, a~~d w~~ds~orm insura~te in tha us~ai standard po:.ty fo~~n, in a s~m app~o.ed by ~he MORIGAGEE, in such tompany or to+nNanie; as the h~OkTGAGEE may dirett; snd sll fire and w~ndstorm insu~ance po~~c~es o~ any of said L•vild~ngs, any interest therein or pa~t thereof, in the a99~egate su~~ aforesa~d or in eacess Ihe:eof, s~all contain ~he usval srar.d3rd mo~~ge9ee clause or such mher clause as the Mortgayee may requ.re, R~aAing the ~cse u~~drr aa~d po~i- des, each and eve~y, paya~!e to sa~d hlOR1GAGEE as ~ts ~nteres~ may appear, a~d each and eveiy auch po'~cy al,alt l~r pro:»ptly ass g"ed a:~d de,~var~d ~o any held by aa~d MORTGAGEE as furihrr security to said morrgage debt, a~~d, not less than ten (10) days in advance of the e~pi~ation of each pohcy, to da- Gver to said MORTGAGEE a renewal ther_of, toge~her with a rece~pt for the premium ot such renewal; and there sha11 be no f~re or ~v~nci:~o•~~ insurance plated on any of said !~uildings, any interest there~n a part thereof, unless in the form and with the loss payable as uforeaaid; and in the event any sum of money becomes payable undrr such policy or po~~c~ei sa~d MORTGAGEE ihall have ~he opr~on to receive and apply the same on accoum oi the i~~ci~•bf~d- ness setu.ed hereby ur to permit sa~d IAORiGAGORS 1o recrive and use it a any part fhercof lor oti~~~r ~or; osrs, vn~hc~t th_.~ u~ ..~~•~'7 c~ P~~f' ing any equ~ty, I~en or r~ght under w by virtue of this ~~artgage; and in the event sa~d MORTGAGORS shall !or any reason (ail to kerp the sa~d prem~s_s so insu~ed, o~ fail to dr!iver p~omptly any of said poGc;es of inwrante ro sa~d MORTGAGEE, o~ fail promptty to pay f~~ly any p~irnwm thrrrfor or In a~y resped fail fo pN~orm, d~s:harge, exetute, effect, complete, comply with and abide by this cove~enl, or any part hereoi, sa~d MIiRTGAGEE may piace a:~d pay fw such insurance or any part thereof without waiving or af(ecting a~y option, lien, equity, or ~ighf under or b~ vi~tue of this Mortg.~qe, and tht tull amount of each and every such paymeN shaii be ~mmediately dve and payable and shall bear interesf from the date ~6ereof until po~d at the rate of ~ine per ce~tum par annum and togeihrr vtii!h such in!erest shali ba xcured by the lien of this mortgage. 4. To permit, commit or sutfer no waste, impairment or de~eriorat~on of said property or any part thereof. 5_ To pay all snd s~ngular the costs, charges and expenses, including a reasonable atto~ney"s fee and cos~s of abstracts of title, incur.ed or paid at any time by sa~d MORiGAG'E, because or i~ the event of the fa~:ure on ~he part of ihe said MORTGAGOR to duiy, promptly and fully parfw~n, d~scharge. :,.ecute, effect, complete, comply wnh and ab;de by each and every the stipulat~ons, ag~eements, condit~ons, and cove~~ants of sa~d p~om~>sory note a~~d ihis n,ortgage any or eithe•, and sa:d costs, charges and eapenses, each and every, shatl be immediately due and payable; whefher o~ not ihere be not~ce d~ mand, attempt to collect or suit pend:ng; and the full amount of each arxl every such payment shall bear interest from the date thereof until paid a~ tiie " ~e oi nine pe~ CeNUm per an~~,;:~,; o~~d a11 said costs, charges and expenses irxurred or paid, together w~~h such interes?, shall be sewred by the L~n of th~s rnortqage. 6. That (a) in the event of any treach of ~his Mortgage or default on tk~ part of the ~V10RTGAGQR, or (b) in the eveM any of sa;d sums of money herein referred to be not promptly and fully paid within th~rty t30) da~s next a?ter the san,e severaity becomc due and payabte, wiihout demand or not~ce. or (c) in the event each and every ~he stipuiations, agreements, condi:io~s and covenants of sa:d promissory nota and th~s mortgage any or either are not ~uty, promptiy and futly performed, d:schargcd. executed, ef}ected, completed, complied with and a6ided 5y, then in e~ther ar any such eve~t the sa~d ag gregate sum ment~oned in said prO~n~ssory note then remaining unpaid, with inrerest accrued, and a:t moneys secured hereby, sha!I becume due and pay- aoie forthwith, or thereafter, at the opt~on of said 610RiGAGfE, as fully and com~le~ety as ii a~l of thr said sums of money were onginatly st~pulafed to be pa~d on such d~y, anytfiing ~n sa.d pro~n~sswy note or in this Mortgage to the conrrary not.vi~hstand~ng; and thereupon w thereafter at the op~~on of sa~d MORTGAGEE, without nauce o. demend, suit at law or in equity, the~e(ore or thereafter begun, may be proaecuted as if all moneys secured hereby nad matured pnw to its institution. 7, That in the event that at the beginning of or at any time pend~ng arty suit upon this Mortgage, or to foreclose it, or to reform it, or to enforte ~ayment of any cla+ms hereurde~, said MORTGAGEE shall apply to the Coun having ~u~~sd~u~on thereof for the appaiMmen~ of a Receiver, such Covn shall to~thwith appoint a receiver of said mortgagrd pioperty all and singula~, includ~ng al! a+~d singusar the income, proflS, iss~es and revenues from whatever source derived, each and evety of wh~ch, it being express~y unde~stood, is ~ereby mortgaged as if spec~ficaily set iorth and desaibed in the g~anting and h36e~dum uauses hereof, and s~ch Receiver shatt have a!1 the broad anJ efiective funct,ons and powers in anyw~se entrusted by a Co~rt to a Recniver, and s~cn appointment shall be made by such Court as an ad~nitted equity and a matter of absot~te right to said h10RTGAGEE, a~d without re(e~ence to the adequacy o? inadequacy of the value of the property mortgaged or to the sorvency or ir.soivency oi said MOR7GAGOR or the de4endams, and that such rer,~s, profits, income, issues and revenues shall be appiied by such Receive~ acco~dmg to the lien or equity of said MORTGAGEE and the pradice of wch Court. . 8. To duly, promptly and fully perform, discharge, ezec~te, effect, complete, comply with and ab~de by each and every the stipu~ations, agreements, conditions and covenan!s ~n sa~d promissory note and th~s mortgage set fortn. 9. That in the event the ownership of the mortgaged premiaes, or any part thereof, 6ecomes vested in a person other than the MORTGAGOR, the !:.ORTGAGEE, its successu~s and assigns, may, without notice to the MORTGAOR, deal with such successor or successor in in?erest with reference to this n o-tgage and the dsbt hereby secured in the same manner as with Mortgagor w~tho~1 in any way vitiating o~ dacharging the ~dortgagors' liability here- ~nder or upon the debt hereby secured. No sale of tl,e Frert:ises hereby mortgaged and no forbearan~e on the part oi the NtORTGAGEE er its suicessors or ass~gns and no eatension of the t~me for the payment ot the debt hereby secvred given by the MORTGAC,EE o: its succe:sws or ass~gns, a~~all operate ro re!ease, d~scharge, mod~fy change or affect the o~iginal liab~tkty of the MORiGAGOR herein, either in whole or in part. 10. It is speuf~caHy agreed that time is of the essence of this contract and thal no waiver of any obl~gat~on hereunder o: of the obligation sr cwed hereby shaU at any tir.,e thereafter be he!d to be a warver of the terms hereef or of the instrumeM secured herby. I1. In add:tio~ to the forege'ng momh!y paym~nts of princpal and inte~est required by the p~amlasary nore sec~red hereby, mortgaoor eovenants ~nd agrees to pay to mortgagee with each month~y payrnent an add.rlonal sum est:n,ated by mortgagee to be eyual to 1. 12 of the annual cost of the fotlow- A-All reat property tax2s levied or asseszcd ayai•:st the above describcd r•ai esta!e. ~ B-Prem~ums o~ fire and windstorm ~nsura~:ce as herein req~:red to be carried en the ~mproverne~ts situate on the above destribed premises. C-Pre~Tivms on such morr3age guaramy insura~.ce as mcrtgagee shalt fro~ ume to time deem fit to carry on rfie loan secured hereby_ Mo~tgagee shail frcm time to time not~fy mortgagor ~n writ~ng of the amov~t d~e and payable hereundar and such sum :hail therevpon be due and ;~yable on the due ciate oi ihe next month;y pay:rent and each successive momh thereafter ur.iH mortgagee shall notlfy mortgayor of a change in such I~ a ount_ $uch s~ms sFa.l be app:ied by mortgagee toward the payment of real prope~ty taxes, insurance pre:n:ums, and mortgage guara~ty insurance f n~emiums. ~ N Y~ITNESS WHEREOF, the said MORTGAGQR has hereunto set his hard and seal the day and year first aforesaid. ~ i Seafed and deli d in~the p~esence of: ~ e ~.~,L-~'-1/~_ (Seaq Fl r ce Rreer ~~an - - (Sesq ~ _ ohn Wolf {seaq STATE OF FLORIDA ) } 55. OJUNTY OF St. LilCle ~ Befwe me personatly appeared Florenee Freer.a sin4le ad111t snd John WOlf ~ 8 single adlilt , to me well known and known to me to be !he +ndivid~a(s described in and who executed the foregoing inslrument, and acknowtedged before me that they executed the same fo/ the purposes therein expressed. - ~•.r ~~i ; ~ j~' WITNE55 my hand and official seal thi~_ day of R; ~~9~- f • ' ' ` - ' ' J + Notary Public in and fw 1he 57ate o~ F a at Lqi~e ; My Commission expires: = - ~ ' : 'Z, ~ i, : ~ Return To: - I-. . : First federal $avings d~ loan Associat~on NOTARY PUBUC, $TA~ ~L'1~R~iE : ~ OF Eo~t P:crce. MY COIAa1iSS10N EX$~RES~~?S?~ 1875 ' i ~ Fort P:erce, florida B01b0~ ~ MIC~~Cill ~fl1~IS (f~tlliflC! ~'0' ~ ~ ST LUCIE COUMTY fLA. ~ This Instrument Prepared By pennis F. Holezgez ROCER PO~TRAS ~ - First Federal Savings 8~ Loan Association CLERK CtRCUIT COURT ~ of Fort Pierce ~ Florida R~CORO YERiF1E0.~._~ ch~ked ay - NOY I~ 9 55 AH'~Z ~oo~ 2~g ~ac~ srJS 242012 • _ . y - ~ ~ ~s ~ ~ . ~,e sY ~ ` - z . ~ ~ ' - - ~