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Home My WebLink About1613 3. To pface and continuousty keep on the bui!d~ngs ~ow or hereafter ~ituate on sa~d ~and and on alt equ~p~nem and personaily covered by this mortg- age, wi~h all prem~ums ~hercon pa~d in lull, t~re inaurance ~n the ~aual s~andard poGcy lorm, in a ium aFpioved by the h~OR~GAGEE, and w~nds~urm ~nsurance in 1he usual standard pol,cy (or~n, in a sum approved by the MORTGAGEE, in such tompany or co~npan',es as the MORTGAGEE may di~K1; and a!t ii~e and winds~orm insurance pol~c:es on any of sa~d bu~ld~ngs, any interest ~here~n or pa~t the~eof, in the a99~egate sum afaasaid or in excess ~heroof, shall conrain the usual standa~d ~norrgagae clause or s~ch other clause as the Mortgagee may requ~re, making the loas unde+ sa~d pol~ c~es, each and every, payabte ro sa~d A10RTGAGEf as imere~t may appear, and each and every such po'~cy shall be promptty asa gned and de~rvzred ~o •ny held by sa~d MORTGAGEE as further secwity ro sa~d mor~gage dab~, and, not less than len (10) days i~ advance of ~he eapiratiort of each poGcy, to da liver to said MORTGAGEE a renewal thereof, together with a reteipt for tAe premium of such renewal; and lhere 3hall be ~w f~re or wi~~dsto~m insurance plrced on ~ny of sa~d buildings, any interesr therein a pa~t thereof, unles~ in ~he form and with the loss payable as afweiaid; a~d in tha evant any sum of money becom~s payable under such policy or poGcies sa~d MORTGAGEE shall have ~he opnon to receive and appty the same o~ account ol ~ha i~~dabtrd- ~ess secured hereby or ro permit said MORTGAGpRS to raceive and uu it p any po~t the:eof tor otn•,r pu~t~os.rs, v.~anout th.r.u~ .v,:i.i or m~p..~r- ing any equity, I~en o~ r~ght under or by virt~e of th~s mor'gage; and in the event sa:d MORTGAGpRS shall for any reason fai! to keep the said premisas so insured, or Fail to deliver promptly any of said poGties of insurance to sa~d MORTGAGEE, or fad promptly lo pay tuHy any premiu~~ thcrefor or i~ a~y respect fail to perio.m, discharge, eaecure, effect, complete, comply wi~h and abide by ~h~s covenan~, w any par~ hareof, aaid MORTGAGEE may plscr a~~d pay fpr such insurance or any part lhereof wi~hout waivi~g w affecting a~y option, (ien, equc~y, or rigM under or by v+~tue of rhis Mwigage, and the full amount o( each and e.ery s~ch paymenf shall be immediate~y due and payable and shall bear interest fram the da~e the~eof until paid at the rate o! nlne per ceNum per annwn and to~ethrr with such i~vercit shall ~e sewred by the tien of this mortgage. 1. To permi~, commit or suffer no wasle, impairmznt q defcrioration of said property o~ any part thereof. S. To pay all a~d singular the costs, charges and ezpenses, incfuding a reaso~abte attorney's (ee and costs oi absnacts of titte, incuned or paid at eny time by said MORTGAG.E, because or in the event of the failure on the part of the said MORTGAGOR to duly, pramptly and 1~Ily perfonn, d~scharge. >*ecutc, efiect, comple~e, comply w~th and ab:dr by each and every ihe stipu~at~ons, agre.:ments, cond~tlons, and covenants o( sa~d promissory note ar,d thit mo~tgage any or ei~her, and said cosn, char4es and expenses, each and every, sheU be immediately due and payable; whethe? a not thrre be ~otice d~ mand, attempt to coii~t or suit pend~ng; and the tull amouni of each and every such payment shalt bear ineeres~ from the date thereof until paid at the ra~e oi nine per cantum per annurn; and ail said costs, charges and expenses ;ncurred or paid, together wAh such interrst, shall bc secured by the Geo of th~i mwtgage. 6. Thar (a) in the event of any breach of this Mwtgage o~ default on the part of thp MORTGAGOR, w(b) in the event ar,y of sa~d surt+~ of money hzrein referted to be not promptly and iully paid wi~hin th;rty (30) days next after the same savere:ty become dve artd payable, withou! demand o~ notite, o~ t~) ~he evenf each and every the stipula~ions, agreements, conditions and covenants of sa.d promissory note a~d th~s mortgage any o~ either are no1 ~uly, promptly and fully perfwmed, d~xharged, eaecuted, effected, completed, complied with and ab~ded 5y, Ihen in e~ther w any such event tht sa~d ag gregate sum ment;oned in said promissory note thrn remaining unpaid, wi~h interest accrued, and all moneys secured hereby, shatl become due a~d payr able torthwith, or thereafter, at the opt~on of said MORTGAGEE, as fully and completely as if all of the sa~d sums of money were originally s~~p~lated ~o be pa~d on such day, a~ything io sa:d prom~ssory note or in this Mqrtgage to ~he contrary not~virhstand+ng; and ~hereupon a lhereafter a~ ~he op?~on of sa~d MORTGAGEE, w~thout noi~ce or demand, suit at law or in equity, there(ore or thereafter begun, may be prosecuted aa if all moneys setured hereby had matured pnor lo ~is institutioo. 7. That in the event that at the beginning of or at any time prnding any suit vpon this Mortgage, w to foreclose it, or to ~efoam it, or to enfo?ce payment of any claims he~eunder, said MORTGAGEE sha11 apply to the Covrt havi~g jurisd~aion thereof for Ihe appo~ntment oF a Receiver, s~ch Court shall forthwith appoint a reteiver of said mortgaged property all end singula?, inctud~ng all and singular the income, p~of~ts, ~ssues and revenues from whateve~ source derived, each and every oi wh~ch, i~ being exp~essly underarood, is hereby mortgaged as ~f spx~fically set io~~h and dexribed in the gran~ing and habendum•clauses hereof, and such Receiver shall have all the broad and effect~ve funct,ons and powers in anyw~se entrustec! by a Cou~t to a Rec~iver, and s~ch appointment shatl be made by such Court as an admnted equ~~y and a maner of abwlu+e righr ro said MORTGAGEE, a~d w~thout reference to the adeqvaty o~ inadequaq ot the value of the p~operty mor~gaged or to the sorvency or insolvency o! said MORiGAGOR a the detenda~ts, and that wch renu, profits, income, issues and revenues shall be appiied by such Receiver accord~ng to the lien or equity oi said MORTGAGEE and the practice of such Court. 8. To duly, promptly and fully pe~form, discharge, execute, effect, complete, comply with and abide by each and every'1he sNpuiations, ag~eements, conditions and covenants in sa~d promissory note and th~s mortgage set forth. 9. That in the event the owne~ship of the mortgaged prem;ses, w any part thereol, becomea vested in a person other than the MORTGAGOR, the h+'ORTGAGEf, its successars and assigns, may, wirhout norice to the MORTGAOR, deal with such successor w successw in interesl with refere~ce to this mo~tgage and the debl hereby secu~ed i~ the same manner as with Mortgago~ withovt in any way viuating w d~xha~ging tF~e Mortgagors' liability 1?err under w upon the debt hereby secu~ed. No sate af the Fremises hrreby mortgaged and no forbearance on tF+e part of the IJIOR7GAGEf or its successors o~ ass~gns and no exte~sion of the time ior she payment of the debt hereby secured given by the MORTGAGEE or its successws or assig~s, atial) operate ro release, discharge, modify change or aftect the erig~nal IiabiGty of the MORiGAGOR herein, either in whole or in part. ]0. It is specificalfy agreed that time is of the essence of this contract and that no waiver of any obt~gat~on hereunder or of the oblgation st cvred hereby shal! at any lime thereafter be held to be a waiver of the terms hereof or of 1he instrument secured herby. 11. In add:tio~ to the forego:ng monthly pay~nents of princ'pal and interese required 5y the promissory no~e sccured hereby, morlgagor covenants and agrees to pay ro morrgagee vvith each monthiy payr~ent an add~rional sum est~n;ated by mortgagee to be eyual to 1, i2 of ~he annual cost of the follow- ~ng: . A-All real prope~ty taxas levied or assessed aga~~ist the above descr36ed real estate. B--Premiums on f~re and windstor,n insurar.ce as here;n requ<red to be :a.ried on the improveme~ts s:tuate on th~ above descr;bed prem;ses. C-Premiums on such morigage guaranty insurar.te as mongagee shatl frorn t:me to ti~re deem fit to carry on the toan secureci hereby. Mortgagee shail from time to time not;fy mor~gagor in wriring oF the amount due and payable hereunder and such sua shal{ thereupon be due and c.ayable on the due date of ~he next month~y paymem and each successive month th~reafter un~ii mcrtgagee shall not~fy mortgagor of a change in su~h amount. Such sums sHail be applied by mortgagee Yor.ard the payment of real prope~ty taxes, insurance prem:ums, and mwfgage guaranty insurance C•emiums. IN 4YITPJESS Y~HfR~OF, the sa~d MORTGAGOR has hereunto set his hand and seal the day and year first aforesaid. Signed, Sealed and delivered in the presence of: _!1~ A Vn a! /f~ _ (Se ) Bernard R. exander tsean - ' ~ __;r'~ z~cs~n . -T . Alezander r~aq I SSATE OF FLORIDA ~ ; couNnr oF _ St. Lucie ~ Before me personally appea~ed Bernard R. Aleaand+er ; _ g@dli~~ Ta Alexander his wife, to me well know~ and known to me fo be ` the individva[s described in and who exewted the foregoing instrument, and acknowtedged before me that they executed the same for tM purposes , , i rherein tzpressed. And ihe said g8dif~g L. ~6X8AdBP i wife of the said BA2'Il~l~ R. Alez,ancler p f exami~ation by me taken separate and apart from her aaid husband, acknowledged to and before me that she executed s~itJ,inlfrum'e4f4freely qnd yoiun- j ~ar~{y and wHhaut any compulsion, constraint, appreh~ns9n,~fear of or from ber said husband. ~ ~ ~ : j WITNESS my hand and ofiicia! seal this ~7 da of w• ~ t ` 2 Y A.'-D "T~_.~. ~ . ~ - _ f ~I~. 1' ` Notary Public in and fot fh~• . QE- ~ida ~qt large : - My Commissiw? expires: ~ _ „ • = Return To: ' 1~ b~ ~ ` First Federal Savings 8 loan Associat~on NO1pRY PU9UC;•~~~~~~A Rti!~ ' Of Fort P;erce. U1f COhI(J~ISS(ON O~PI ~~T:~~S. 1975 ~ Fort Pierce, Fiorida ~q~Q~Q B~ MK~IC~1 ~1~5 ~llStIf81100 f J This Instrument Prepared By Gary F. Ellxood f LEO ~£CO~OEO First Federal Savin s 8~ Loan Assaciati~n f~,~UC~E ~DUNTY fLA• ` 9 ad~fF ~-~~TAAS ~ of Fort Pierce ~ F10~'ida C~E~K COURT ~ ~ qf~~?:~V~~.:s:EO Checked By ~ 41 ~n ~ ; Nor Z8 . S~~K 208 P~~F16i3 z~,2696 4 i'' } ' ~ ~r ~ ~ ~ ~ ~ ; - - - - . _ _ . ~ " ~ ~ ,.~y~~`"~~'s c~-.~~~~~'-~,~ - ~ ~ _ ~.r : , _ y ~ _ . ~ a