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Home My WebLink About1619 To ptace and c~nt~nuously keep o~ the bu;'d~,~gs now or herea(ier ~;wate on said land and on ali equipmero and personally covered by this ma?g- ege, wi?h all premivms thereon pa:d in f~:l, I~re insurance in ~he ueual atanda~d potiq torm, in a s~m apwoved by ~he MOR(GAGEE, and w~ndstwm ~nsu:ance in the usual srandard pol.cy iorm, in a sum approvcd by the MUAIGAGEE, i~ such tanpany or compan~es as the h10R1GAGEE may d;rett; and all iirs and w~nJstorm insuronce policies on any of said bu~id~nys, any interest therei~ or parl ?Aereof, in the aggrega~e sum ~foresald a in excess ~he~eof, shall conta~o the uiual standaed morrgagre c~ause o~ such oiher clause as the Mor~gagee may requars, maAing tha 1os~ undrr sa~d poli- ues, eacl~ artd avery, payab;e ro said A10RIGAGEF as ~ts ;nferes~ may appear, and each and eve~y such polrcy ihalt be pron,pUy ass gneJ a~~d dr~rvarrd ro a~Y ~~d by said MORTGAGEE as (u~~her securitY to said mortgage debt, and, oot kss than fe~ (10) days ~n ad~ance of ~i,e exp'ua~~on of each pol~cy, to da Gve~ to sa~d MORTGAGEE a renewal lhereof, together with a receipt for the p~em+um of such ~enewal; ar+d thrre sfa~l be no fue o~ w~~~dsto~m insurance pleced on a~y of said buildingi, sny interesl therein o? par~ thereof, unless in Ihe form and wieh ihe loss payaSle ai aioresaid; and in ~he event any sum of money becomes payable under such policy w pol~cies said MORTGAGEE shsll have the opt~on to reca~ve and appty the sa~ne on a:cou~~~ of ~he ind~o~rd- ness secured lrereby or ~o permit aaid MORTGAGORS to retaiva and use it W any parl thereaf for otnrr pwyoses, v.l~hu~t th:+ror .ca~v~~~ or ~~~:p~~r- ~ng any equfty, lim or right v~der or by virtue of this mo:'9age; and in the event sa~d MORTGAGORS ahall tor any reason fail to keep rhe sa~d prem~s_s so ~nsu~ed, or fail ro def~ver promptty ~ny of said pol~cies of insurance to said MORiGAGEE, or fail pronspfly to pay fu11y any pre~n~urn theretor or in any respcct fail to periwm, discharge, execute, effect, comp:ete, comply with and abide by this covanant, a any part hrreof, said MGRiGAGEE may piace and pay fw :uch in~urancc o~ any part thereof w~~hou? waiving o? affecting any opt~on, lien, equ~ty, or r~ght u~der or by v~rtue of ~his Mo~~gage, and the tull amount of each and every such paymeM shall be immediately due and payable and shall brar interest trom the date ?he~eof u~til paid at the rate ot n~ne per centum per annum a~d toge~hrr v~i~h such interest shall be secured by the lien of this mortgage. 4. To permit, tommit or suffer no waste, impairment or deterioration of said property or any part thereof. S. To pey all a~+d singula? the costs, cha~ges and expenses, ~ncluding a reasanable attwney's fee and costs of abstracts of t~tte, incurred o~ pa~d at _ a«y time by s~id MORiGAG:E, becauae a in the eve.it oi the failure on 1he parl of the said MORIGAGOR to duly, pror„p~ly and f~Uy perform, d~scharge, ~xecute, effxt, complete, comply wnh and ab:de by each and every the stip~lat~ons, agrerments, conditlons, and covenants oi sa~d p~om~sso~y note and thi~ mortgage any o~ e~ther, and sa~d costa, charges and expenses, each and eve~y, shall be immediately due and payab:e; whetFxr or not thare be no~~ce dr R,and, attempt to co1led w suit pending; and the full amount of each and every such paymem sbatl bear interest from +he da~e thereof until pa~d et the r.,re oi nlne per ce~~um par anuu:n; and all said costs, charges and expenses irocurred or paed, togerher ~vdh such ineerest, shall be secured by tlie Gen of th~t mortgsye. 6. That (a) in the event of any breach of this Mw~tgage or default on the part of the MORTGAGOR, or (b) in the event any ot sa;d sums of monzy herein refe~red to be not p~omptly and fully paid within ~huty (301 days ne,cf aFrer the same severa!!y become due and payable, without drmend o~ notice. or (c) in the event each and eve:y the stipuiations, agreements, conditions and covenants of sa.d p~omissory note and th~s rra~tgage any w e~~her are no1 iuly, prompfly and fully performed, d~schaiged, executed, efEected, compieted, complied wi~h a~d ab~ded 5y, then in e~the~ ar any such event the u~d ag ~regate sum mentioned in said p~amissory note then rema'~ni»g unpa~d, with interest accrued, and all moneys secured hereby, shall become dve and pay- ab'.e forthwith, w therealler, at the option of said MORTGAGEE, as fulty arrl complete~y as ii all o~ the said sums of money were or~g~nally st~pulated ro br paid on sutA day, anything in sa.d p~om~sswy note or in ~his Mortgage ro the conrrary not.vithstand~ng; and thereupon or thereafter at the op~ion of sa,d MORTGAGEE, withpuf nof~ce o~ dema~ed, suit at !aw or in equity, therefore or thereatter begun, may be prosecuted as if all moneys secured hereby nad matured pnpt to its instituhon. 7. That in the event that at the beginn~ng of or at any time pendi~g any suit upon this lNortgage, or ?o foreclose i1, or to reform it, or to enforce paymeN of any daims hereunder, said MORTGAGEE shall apply to ~he Gourt having jurisd~ctiun thrreof for ~he appoiNment of s Receiver, such Coun shall = iorthwith appoint a receiver of said mortgaged property all and singular, ircdud~ng ail and singu:ar the income, prof~ts, iuues and reve~ues irom whatever t so~rce derived. each and every oF which, it beirig exp~essly unclers~ood, is hereby moregaged as if spec~ficalfy set fonh and destribed in t}k yran~~ng and h3:>endum c}auses hereof, and such Receiver sha~l have all the b~oad and effecrive funct,ons and powers in anywise entrusted by a Court to a Rtceiver, and ' s_ch appoi~iment sha~l be made by such Cou~t as an admitted equity and a matter of abso:ute ~ight to said MORTGAGEE, and without reference to the eciequocy or inadequaty of the value of the Froperty mortgaged or to the soivency or ~nsolvency of aa~d MORiGAGOR a the defenda~ts, and that such re~~s, profits, income, issues and revenues shai~ ba applied by such Receiver accord~i~g to the (ien or equity of safd MORTGAGEE and the practice of such Court. 8. To dufy, promptly and fully perform, d~scharge, execute, effect, complete, comply wlth and abide by each and every the st~puiations, agreements, conditions and covenants in sa~d promissory note and this mwtgage set fa1h. , 4. That in the event the ownership of ~he mortgaged premises, or any parf tnereof, becomcs vested in a pe~son other than the MORTGAGOR, ihe h'.ORTGAGfc, its successors and ass+g~s, may, w;thout no~ice to the MORTGAOR, deal with such succeuor w successor in imerest with reference to this n,o~~gage a~d the debt hereby secured in the same manncr as w'~th Mort~agor w~thout in any way vit:ating or d+scharg~ng the 'Martgagors" liability F~ere- ~nder or upon the debt hereby secu~ed. No sate of the prem~ses hereby mortgaged artd no iorbearance on the part of the MORiGAGEE or its successors or ass~gns and no exte~sion of the time iw the payme~t of the debt F.ereby secured given by the MORTGAGEE or its successors ar au:gns, s;~all aperate to release, d~scharge, modify change or attect the orig~nal liab~l~ty of the MORTGAGOR he~ein, either in whoie or in part. 10. It is speufically agreed that time is of the essence of this coMract artd that no waiver of any obGgat~on hereunder or of the obligation se- cured hereby shail at any time thereafter be held to be a wairer of the terms hereof or of the instrument secured herby. 11. In add ~io~ to the iorego ng monrhly paym~nts of princ pal and inrerest requ~red by the p~om[sscry no!e secured hereby, mortgagor covenants ~~~d agrees ro pay to mortgagee ~nith each momh~y payr:ent an add~iional sum esn~~ated by mortgagee to be equai fo 1 f2 of the an~val cost of the foUow- ng: A-All real property tax>_s lev~ed or assessed agai~~st thc aEove descr;~cd r~al estate. B-Pramiums on fire and windsrorm insvrance as here~n requ~red to be carried on the improveme~ts s~tuate on the above d~scribed premises. C-Premiums on such mortgage guaranty insura~:ce as mortgagee sha31 irom r•me to time deem iit to carry on the ban secured he~eby. Alortgagee sha'.1 from time to t:me norify mortyagor ~n writ~ng of rhe amount due and payable hereundrr and such sum shalt thereupon be due and ; ayable on the due date of the ne,ct n,onth!y payment and each successive momh thereaft:~ until mortgagee shall notify mongaqw of a change in such a~ ount. Such sums shail be app:ied by mortgsgee toward the payment of reat property taxes, inwrarxe prem:ums, and mwtgage guaranty insurance :~rem.iums. IN WITNESS WHEREOF, the sa~d MORTGAGOR has hereunto set his hand and seal the day and year first aforesaid. Sgned, ealed -nd c~live in t e presence of: c:. r ~Q/I Seaq - (Sesq ~ 0 _ ! C Seal) S i ATE OF FIORIDA ' couNnr oF St. Lucie j~' Before ~se personally appeared Kenneth R. ~ZQN a~ Evelyr~ L. Dr4M his wife, to me well known and known to me fo~~t the individuats described in and who executed the foregoeng instrument, and atknowledged befwe me that they executed the same fory tF~,~uipoa~s_- ' ~ . therein expressed. And the said Evelvn L• ~re71 '~~Y t F w~re of r~ sald Kenneth R. Ozer? . ~ • upon ~lq~tpre,andjpfw/~ . • , e¦aminatio~ by me taken separate artd apart from her said husband, acknowledged to and before me that she executed sait( instrup~nt j~reelY and-voly j rar~Iy and without any compulsion, ca~srraint, apprehension, or fea~ of w from her said husband. q : WITNESS my hand and official xal this_ 2~d day of Novevber ~g92: ~ : ~ , ' : G ~ : Q~... , Notary Publit in a~d tor the S~ate of F ~.ft.t,~rpQ..•;~ • My Commission expires: ~ r ; ~ • Rdum To: ' ~ " ~'~r'T s. , C~•~± ~~'ln .i .'JE..~"'Yt'~`. . First Federal Savings 6 loan Association ' - MY COM~~t'~ s ;;~:;?~c, c:'F. 9. 1Q7A.- . Of fort P!erce. BONU_L ~MkG:t~H Fft~~ DlES~tt~ . { Fort P~erce, Fiorida FIlEO ANC RE~ORDEO tT.lUC1E COUMTr fLA. This Instrument Prepared By John W. Co111nS ROCER r~itAAS ~ First Federal Savings ~ toan Association CLERK C~3CU~t COURT ' of Fort Pierce, Florida JtEC'JPQ vER'= tE~ ; p `u i Checked By ~ Z~ ~7 42 llft ~~Z o R 242699 ~ . 8QOK~O PACf16i9 js - - _ .~';+~,r~~- ~-Y-:",~,~yx~~".ab ~~,-c ' a~ ~s ~ ~ - ~ - -w ` - ~