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Home My WebLink About0764 3. To place and continuously keep on the bui'dh:gs nowr or hereafter ~~tuate o~ sa~d tand and on a~! eqv'~p~nent and persona!!y cove~ed by Ihis mortg- ege, wi?h al! premiwns fhereon pa~d in fult, fire inwranct in ~hr usual s~a~~ard pol~cy iorm, in a sum aH~~oved by tha h~JR~uAGEE, and w~ndsto~m insv~ance in the usual ~tanda~d po:~ty fw~n, in a sum approved by the MORiGAGEE, in such tompany or tompan~es as the IItORTGAGEE may direct; and aU tire end wmclsrorm insurance polk~as on any ol sa,d buiid~ngs, any interest ~herein or part thareoi, in ~he aggregate sum afo~esa~d a in excess ~hereof, shall ;onta~n the usual standard moregagee dause a such o~Fur ctause as ~he Matyagee may ~ey;,.re, maki~g the ~oss ~nda~ s.+~d poli- ties, each erxl evety, payab:e io eald MORTGAGEE as ds mterzst may appedi, and eech and lverY suCh po'+ty iha+! bn piomptly ass gnrd ar~d de;~.arrd to sny hetd by said MORiGAGEE as funher sewrity ~o aeid mortgage drbt, a~~d, no? :ess ~han tan (10) days ~n ad.a~~ce o( ihe explrat~on of cach poGcy, tu de- livet to said MORTGAGEE e rcn<wal thereof, toge~her wi~h a rece~pt for the premium of such renewal; and th~re sh~(t br no f~re w~nouarm insurance placed on any of said bu~ldin~s, any interesl thrre;n a part ~hereof, unless in the (o~m and wi~h the :oss payable as afcresaid; and in tha ev~nt any sum of money becomes payabie ~nder s~ch policy w pol~c;es said MORTGAGEE ~hall have ~he opt:on to reca~ve and apply the sa~sie on acco~m of ihe ind~w~d- ness secu~ed hereby or to permit sa~d MORTGAGORS to recrive and use it or any part rhrreaf for ori~_v y,ur; :,ars, ..~~ho..t ih ~r~ a~ .ro,.~ o~ ~~~~p::~r- ing any equ~ty, I~en or right undr~ w by virtue of lhis mo:tgaye; and in ~he even~ ia~d MOitfGAvORS sha!1 for any ~rason fa~l to kr~p the sa~d p~e~n~sxs so insured, p~ fail to deliver prompt~y any of said poGcies of iniurance to sa~d MORfGAGEE, or tait promprty to pey tu~ty any pre~nw~n eherelor o. in any rapett fail to perform,'discharge, execute, et~ect, complete, co:nply wirh a~d abide by this cove~an~, or any par~ hereof, sa~d MGRTGAGEE may piace a~~d pay fw such insurante or any part thrreoF withoul waiving w affecting any oplipn, lien, equ~ty, or righ~ under or by virtue of ~fiis Mo~~gage, ar.d fhe full amount of each and ever~ such paymrnt shall be immediatefy di~e and payable and shall bra~ ;nreresi Irom the dat~ thereof uniil paid at the ra~e ol nine per temum per annum and to~rther v.ith such interest shal~ tx srcured by the lien of this mortgage. 4. To permit, comn,it or suf(cv no waste, impa~rment o~ deterioration of said properry or a~y parl the~eof. 5. To pay all and singular the costs, charges and rxpenses, inc.uding a ~easonable atta~ey"s fee and coats oi abstrrcts of t~tle, incurred or pa~d at any time by sa~d MORTGAG:E, because o~ in the event of rhe fa~lure on the pa» of the said 1AORTGAGOR to d~ty, pro:nptly and fully per(orm, d~uharge. execute, e(fect, complete, comply w~th and ab:de by each and every the stipu~at~ens, agrerments, conditions, and tovenants o( sa~d pron;~sso~y note and ~h~s mortgage any o? e~ther, and sald costs, charges and expenses, each and every, shall be immediatety due and payatrie; whe~her oa not t!~are be not~ce d~ mand, attempt to coilect or suit ye~d~ng; a~d the iull amount of each and e~ery s~ch payment shall bea. interest from the date thereof until paid a~ tht ~~~re of nine per ceretum per ann~~,; and atl said co:ts, charges and exprnses inturred w paid, togetber wdh tuth imerest, shalf be sewred by the Gen of fh;s morfgage. b. That (a) in the event of any breach of this Mortgage or default on the part of the MORTGAGOR, or (b) ~n the event any of satd sums of money herein referred to be not promp!ly ar.d fully paid within thiny (30; days nex~ afo-:r the same severariy beca~~e due and payabte, witiwut demand or notice, or (~j in the event each and every the stipulatio~s, agreements, conditions and tovenants ot sa,d promissory note and th~s mottgage any o~ e+ther are nol ~uly, promptly and ful~y performed, d:scharged, exewted, eifected, compieted, compl;ed with and abided by, then in e~ther or any such event the sa~d ag gregate sum memioned in said pronisso~y nore thrn rema~ning un~a~d, w~th ~ntere;t acuued, and ait moneys secured hereby, shall become dLe and pay- able forthwith, or thereafter, at the option of said A10RTGAGEE, as fully and completely aa if atl of the said sums of money were or~ginally at~p~;ated ro be paid on suth day, anything in sa:d promssory note or in this Mortgage to the contrary notwithstand~ng; and ~hrreupon or thereafter at the opt~on ot sa~d MORiGAGfE, without..nor~ce or ~mand, suit at law or in equity, therefwe w thereafter begun, may be prosecuted as if all moneys secured hereby had matured pr~or to As institvnon. 7. That in the event that at the beginning of or at any time pe~ding any su~t upon this Mo~tgage, or to fweclose it, or to reform it, or to enforce payment of any tlaims hereu~de~, said h10RTGAGEE shatl apply to the Court havi+~g jur~sddct;on fhereo! for the appo~nunem of a Recei~er, such Court shaii forthwith appuinf a receiver of said mortgaged property afl and singular, intlud~ng all a~~d singuiar the in~ome, ~rof~ts, iasues and rQVenues from whatever s~~urce derived, each and every of wh:ch, it being expressly unders~ood, is Fxreby mortgaged as if spec:iica~ty set forth and described in the gran,ing and habendum cla~ses hereof, and such Rece~ver shall have ati the broad and eflective funct.ons and powers in anyw~se ent~usted by a Court to a Receiver, and s~cn appointment shall be made by such Court as an ad~nitted equity and'a matter of abso:~te nght to said MORTGAGEE, and wi;hout reference to the adequacy or inadeq~acy of the raiue of the property mortgaged or to !he so:venty or inso:1ency o( said MORiGAGOR or the detendants, and ~hat Such renn, profits, income, issues and revenues shail be applied by such Receiver accurd~ng fo fhe lien or equrty of aaid MORTGAGEE and the practice of auch CouA. 8. To duty, promptfy and futly perform, discharge, execure~ef(ect, complete, comply wirh a~d abide by each and every the st;pulations, agreements, conditions and tovenants in said promissoty note and this mortgage set forth. 9. That in tne evens :he owrtership ot the morrgaged prem~ses, or any part thereof, becomes vested in a pcryon other than the MORTGAGOR, the h'•ORTGAGEE, its successors and ass~gns, may, without noi~ce to the MORiGtiOR, deai with such succeuw oi successor in interest wirh refe~ence to this mortgage and the debt hcreby secured in the same manner as with Mortgagw w~thout in any way vit;ating w d~xha.ging the Mortgagori {iability here- under or upon the debl hereby securecl. No sale of the premises he~rby mortgaged artd no forbearance on the part of Ihe MORiGAGEE or itz svccessors or assigns and no extens~on of the time for the payment of the debt hereby sec~~ed g~ven by the MORTGAGfE or its successors o? ass:gns, a~~ali operate ro release, d~xharge, modify ~Asnge or afiect the w.ginal liau;i~ty of the MORiGAGpR herein, eithcr in whole or in part. '10. It is specifically agreed that timr ia of the essence of ihis contract and that no waiver of any obpgation hereunder w of the obligaYan se- cured hereby shah at ar.y time thereafter be held to be a waiver of the terms hereof oi of the insvumero secuied herby. 1!. !n add;tion ro the forege'ng month)y paym~ms of prir.c pal and ime~est requ~red by the prom;ssory no!e secured hereby, mortgagor covenants ~nd agrees to pay to mo:tgagee w~th ea[h monthiy pay~nent an add~rional sum es!~~eeated by mortgagee to ba equai to 1; 12 of the ann~~al cost of the follow- :n3: A-Afi reat property taxes fevied or assessed againat ihc above de>cribrd real esrate_ 6-Premi~ms on fire and v.ir.dsrorm ~nsurarce as here~n requ~red to be carried ~n the impravemeats s~tuate ort the above dascribed premises. C-Premwms on such mortgage guaranty insurar~ce as mortgagee shall fwm nme ro ti~ne deem f~t to carry on the loan sec~red hereby. - Mortgagee sha'I !rom time to t~me no;ify mongagor ir. writ:ng of the amouot due and payable heteundrr and such su-n shatt lhereupon be due ared ;~yabte on the due date of th= neat month;~ payment and each successive mon~h thereafier umil mortgagee shall notify mortgago~ of a change in such a~•ount. $uch sums shail be app'.i~•d by mortgag?e toward tne payment of real property taxes, insurance prem;ums, a~id mortgage guaranty insurance e~emiums. IN 1vITNFSS Y':H~REOF, the sald MORIGAGOR has hereunto`set his hand and seaf the day and year s1 afw.esaid Sig Sealed and Iivered in the esence of: _ ace a , sing e a ary - ~ tSea4 (Sea9 . : j (Sea7 SiATE OF FLORIDA ~ CCUNTY OF ~ L+~t~l@ 1 ~ - Before me perwnally appeared ~~=dCG Hdll~ a single aC~UlL ______~_-__~--~_••____~_~••~~~~~~_~~~~~~~~~~~~~~~hiswifrto me well known and known to n+e to be the individuar described in and who executed the foregoing instrument, and acicnow(ed9ed befwe. me that /he/ eaecuted the same for the purposes ' tF~erein expressed. RA!!'tRcrlSR1~~~ _ .y;(r ef°~ said- ~ _ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ _ ~ ~ ...upen•saep~~te~swd~ pri~.Mt ~kewuwa~~~? i~r~rNi~ew rspwM~ ~n~~p~t..iww?~Mer ~ai~.{~e+sbswdr ~C1uAwkd~~1~ ~wti~il~o~e~rwe~M~M ~I~e^awec~ted-a~ir ~irMlnwr~M. rN~rr. +any~wbw~M~e~t-arr~ee~np~Fsiow,-cen~~raw~r~p~ef,e++si srfes~~erfra+rf~e~aaidi~esband. ~i ' ~ ' t WITNESS my hand and officiai seat this ~ day a~ IbVeIDber • A: ~D..19~:r , otary Public in and foi 1' S~at i- Floridb ~t lnige ' _ Return To: My Comm~ssion expire~ . ~ J NOf PUBi~fC:.11~ITE°o? DA~,,~* ` Fint Federal Savings b toan Assoc~atron AtY Q04!MiSStQy• x ~ '1~U{~r Of Fort P,erce. f~ P~R~ DEC,- / Fort Fierte, Florida eo^d~d TArv Grn~~~'t~N-a~~'v;;~~ t19's f1LE0 ~Mf P'CO~OEb ~ ~ 1 ST. lUCtt C~UHTY FIA. ~ y9 , ROGr P41?RAS ~ 1 R. K. Ka CLERK C~CU~~ COURt This Instrument Prepared By yes First Federal Savings & Loan Association o~~~"~ y`' ~F!£C of Fort Pierce , F lox i da ~y $ 31 AH ~ v R Checked By - ~0~ ~8 p~~ i~~2~~8 _ ~ ; ~ ~ =M~ : ~ , ~ - - - _ ~.a~~-r,_ µ ~,~~~~r . .x »r n- ~ ~ - ~ s : +dEr ~ra~a -Fa,- Y~ ~Y ~-a~ " _ - ''E.hGJ' 'j _ _2 ~ . . . _ ~ . . _ _ ._r~ : -