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Home My WebLink About1973 3. To placc a~d conUn~ous~y ~eep on ihe 6~~:d~ngs no~nr or hereafter ~~ruate on sa~d ~and and on aii e~~~p~nrm and ~rsonally covered by this rr.atg• age, w~th atl prea~~u:»s ~h~rcon pa:d in fu:t, fnc ir.surance ~n ~hr ~suj! srandard po~rcy (orm, in s s~m aFpruvrd by the AAOR~GAGEE, and windstorm inwrance in tha usual ~tanderd pof•cy 1orm, in a sum appro.rd by ~~a MORTGAGEE, in such co~npany or canpan~es as the MORiGAGEE may di~ect; and ai1 fire and w~ndswrm inw~ance po~~c~as on any o( said buiid:ngs, any interrsl there~n or part thereof, in ~he aggrrga~e sum afo~esa~d w in excess thrreof, sl~ail :ontain the usual standard mor~~~gee clause or such oiher ci~use as the Mongagee may reyu~re, mawi~K~ ~ha Icss under s.+~d polr ues, rach and ever~. payai:!e to said AIJRTGAGEE as its ~nierest may apprar, and each and e~e~y wch po~~cj sho11 be prompNy assgned a~~d dei~ve~cd +o any held by sa;d ~NORIGAGEE as i~r~h~r security to said murrgage debt, and, not less than ten (10) days in ad.ance of th~ expirat~u~ of each poLty, to dr I~ver ~o said A10RiGAGEE a re~,e~o~ fhe~eof, ~ogeihev wirh a rece~pl for the p~emwm o( •uch renrwal; and there shrll ba ~w L~e o~ w~ndeto~m insur;nce plated on any of sa~d bu~ldu~gs, any in~e~est the~e~n or part thereof, unless ~n ~he form a~~d wuh ~he lou payeble as a(oresaid; and in the even? any sum of money Letomts para5ie vndr~ such pol;cy a pofc~es said MOk~GAGEE ahall have the op~;on to rec~~ve and apply the same on account of ~he ind~br.:d- nesi set~red hrrcby o~ to per:nit sa~d MORT^vAGORS to receive and use it p any part tnr:eoF ror o:i~••r ~.ur~;;s~•s, v..~~~~.:~ ih,•<<.+ w•~'-•'7 0~ ~"'P'~~" ing any eqv~ty, lien o~ ~~ght u~der or by virtue of this mo:!yage; and in the evem sa'd MORTGAGORS shall tor any reason lail to keap the sa~d prem:sea so insu~ed, or fail ro de3~ver promptly any of said policirs of insurance to sa~d MORTGAGEE, or fa~! p:omp!ly to pay fully any premium therefor o~ in a~y ~espect fail to perform, dncharge, execurr, efiect, canptete, comply with and abide by ~his cove~.+nt, or an~ part he~eof, se~d MvRivAG;E may piace a~~d pay (or s~ch icw~ance or any part thereof wnhout waiving or alfecting any option, lizn, equay, or r~gM under o~ b~ vnt~e o~ ~hh 1.1o~tgage, and the 'utl amount of each and e.ery such paymaro shall be ~mmediately due and payab~e and :ha11 bear inte~e~t from the date theroof w~~il po~d at the rate ol nme per cene~~n per a~vw~~~ and tu~~~h.-r wi~h such infe:esr shai~ be sewred by ~he Ge~ of th~s mortgage. To ~ermit, tommit o~ s~ffer no waste, ienpairn:rnt or deterioration of aaid property w any parl thereof. S. To pay all and sing~lar the costs, charges and expenses, indudi~y a reasonable attwney's fee and costs of abst~acts of titte, inwrred or pa~d at any time by s,,~d MORTGAG:E, beca~se w in the eve~t o4 the fa~!ure on the par~ of the said MORIGAGOR to duly, pro~~~p~ly and fully periorm, d~scharge execute, elfed, cemplere, comply wnh and ab.de by each and every the itipulauons, agreen~eats, conditions, and covenams oi sa~d p~omissory note and this mortgage any or e~ther, and sj d costs, charges and expensas, each and every, shall be immediatety dve and payab!e; whether or not there be notice da mand, atte~npt to co~lect or suit pand~ng; and the (ull amoum of eath and every such payment shall bea. interes~ from the da~e thereof until pa~d at the ~,3re o~ n~ne ner c..~nn,m E•~~r on~~..:~~: onc alt :a~d costs, charges ar.d exeenses ~rturred or paid, toyeti~er ~v~th s~ch interest, shall be secured by the lien of this mortgage. - 6. Thaf (a) in the event of any brrach of this Mortgage or default o~ the part of the MORTGAGOR, w;b) in the event any of sa:d sums of money herein refened to be not prcmNTly ard fully paid within th~r~y (30) days next ai+e~ ~he same severaily become due and payable, without dernand or norice, or (c) in thr event each and every ~he st~p~,ations, agreements. co~ditions and covenants of Sd.d prOmissory no~e and th.s nwrtgage any or either are nol ~vly, prompNy and f~uy perfonnrd, d:scha~ged, eaecvted, effec~ed, completed, comp6ed with and abided tiy, then in e;ther w any such event the sa~d ag gregate sum mentionrd in sa~d pro~n~sso~y note then rema~nirg unpa~d, with interest accrued, and a:l moneys secured hereby, shatl become due and pay- ao~e fo~thwith, or rhercaiter, at the opr~on of said MORiGAGEE, as fuily and comptetely as if all of the said wma of nwney were ongrnally supulated to be pa:d on such day, anything in sa.d p~am~ssory ~ote or in this Mortgage to the conrrary notwithstanding; and thereupon or the~eaher at the op~~on of sa:d MORTGAGEE, witnout not~ce or demand, suit at law or in equ;ry, therefore w thereafier begu~, may be prosec~tzd as if all moneys secured hereby n~d maturcd pr~or to ~ts institutio~. 7. That in the evrnl that at the beginn:ng of or at any time pending any suit upon tliis Mortgage, o? to fo~eciose it, or to reform it, or to enforce payment of any ue~~~s hereunder, sa~d Pl.ORTGAGEE shatl apply to the Coun havin9 ~unsd:ct~on the:cof for ~he appomtment of a Receiver, such Court shall for~hwith appc~nt a rece~ver of said mortgagcd property atl and singi~lai, inctud~ng a;l and sing~lar the irtcome, prol:ts, issuea ar.d rever.ues from whatever seurce deriVed, euh and every of wh;ch, it kx~ng expressly undenrood, is F.ereby morrgagrd as if spec~fically set fo~th and descrlbed in the gront~ng a~d hjbendum cla~ses her~of, ar.d such Receiv<r shall have all the txoad and effect~ve funct,ons ar:d poweis in anyw~se emruated by a Court to a Receive~, and s~.ch appo6~:n:enf shati be n: ide by such Cou.t as an admittcd equity and a maner of abso~ure right to said N.~RiGAGEE, and withow reference to the a.i~a:,~cy or inadequacy of the val~e of the prope.ty morfgaged or to thr so.vency w msoivency o( said MORiGAGOR o. the defendants, and that suc6 renfs, prof~ts, income, issues and revenues shall be applied by such Receive~ accord~ng to the tien or equity of said MORTGAGEE and the practice of such Court. 8. To dvly, prcmptly and fully perform, d+scharge, execute, eifecr, compiete, comply with and abide Sy each and every the stipulations, agreements, conditions and covenan~s in sa~d prom~ssory note and this murtgage set forth. 9. That in the event the ownersh~p of tha mortgaged premises, w any part thereof, becomes vested in a perwn other than the MORTGAGOR, the M.ORTGAGEE, its successas ar.d assigns, may, witho~t notice to the h~ORiGAOR, deal w~th svch successor a svccesso~ in interest with reterence to this n,origage and the debt hereby secured in the same manner as with hlortgaga without in any way viuating or d~scharg;~g the ~1lortgagors' liability herr ~nder or upon the debt here~y sec~eed. No sale of the premises hereby mortgaged ar.d no forbearance o~ the part oi the MORTGAGEE or ita successors o~ assigns and no ex:ens~on of the t~me fw thr payment of the debt hereby secured given by the MORiGAGEE or its successws or ass~gns, a~iall operate io re~ease, d~scharge, mcdify change or atiect the ongina~ liab~hty oi the KORTGAGOR herein, either in whole or in part. 10. It is speuf~c.+fty agreed that time is of the essence of this contract and that no waiver of any ob~~gation hereunder w of the oblgation se- c~red hereby sfiali at any time ~hereafter be he!d to be a wa~ver of the ferms hereof or of the instrumem secured he~by. 1!. In add.r.c ~+o rha fo.ego n9 month'y payments of princ pal and interesr requ~red by the prom;ssory nare secured hereby, mortgagor covenants and agrees :o pay ro n,origagee v~nh each n:orr.h:y pay~~:em an add~nonat sum esu~~a~ed b~ mor:gsgee to be ey~al to 1, 12 of tne annual cost of fhe (ollow- in~: A-Ali real Hroperty taxes fev~ed or assasscJ agai•Sst thc above descr~bcd real estate. B-Pree=, .,~ns en fire and wir.dsto;m ;nwrar ce as here~n requ:red to be carried en the :maroveme~ts s~tuate on th_ above d_suibed premises. C-P+e~ni~:.~s on s~ch mong~ge guarantr insuraoce as morrg.~gee sna~! fro:-~ t~me ro time d-rem fit to carry on the 4oan secured hereby. Vto~tg~gee s~ea9 ~rcm rime to i,me non(y mortgagor in writ~ng of the amo:,nt due and Fayabte hereundrr and such su:n sh.~ti thereupon be due and F.3yable on the doe dare of the next momh:y payment and each successive rron~h thereatter until morigagee shall notify mortgagor of a change in such ~ j-~:ount. Such surns sha:I be app~i~~d by mortgag•.e toward the payment of rea~ prope~ty taxes, insurance Frem:ums, and mortgage guaranty insurance ~I p~~emiums. IN \'~ITNE55 ':yH F, the id rhORTGAGOR ha: hereunto set his hand and seal the day and year first aforesaid. ~ Si~ned, ated nd Iiver he prese of: ~f~~~~ i ~ :'C~:f.(t~ //~.v'/l-s7"' ($eal) Allen K. Morton cs~aiz (Seat) E - ~CN cs~an ~ - cy or on - ST FLQRIDA ~ St . Luc ie ~ COUNTY OF _ - ( Befwe me personaliy appeared Allen K. MOttOil and _ N~1C]I fl. Morton his wife, to me wrell knovin and known to me to be rhe ind~viduals descrihed in and who executed the foregoing instrument, and acknowledged before me that they exec~ted the same fw the purposes Nanc D. Morton rnerein expressed. And the said_._ y .,,~Ee of the sa~d Allen K. MOZtOfl ~ ypow a separate and private eaam~nat~on by me taicen separate and apart from her said husband, atknowledged to and tore me that ahe executed said lnatrui~ent F~eely snd volun- ~ ~a: ~iy and w~thout any comp~;sion, constraint, appreh ~ o~~or fear of w from he sai s . ',~P~~ ~ ~ ? WITNESS my hand and official :eal thfs_- day of ~1r~~19 ~ • = • 1 , U. ~ r~ " Notary Public in a ~or Sia :of rid~at (~pe: > My Commission expires: ~ ~ - 'T~ ~ Return To: ~ • ~~a n ~ • . ^s first Federal Savings d. loan Associat,an / j. V. ~ of F~-, P.,,~ 242952 , ~ For; Pirrc,. Ftcr~dj S~1~1 L(~ ~ FILED AMD 3ECOROED ' ' ~ ~T.IUC~E ~aUNTY FIA. ~ ~ . pp;,i E FGITRAS ~ 7his Instrument Prepared By J. H. Robe=t s~ JrdFCORP V y~ ~F £D COIfRT~ ~c~ 4 ~ F ir st Federal Savin gs 8 Loan Association ~ ~ of Fort Pierce ~ Flo=icl~? neA ` Q,~ ~~~Z ~ YG1r ~ v Checked By ~ 208 1973 , ~ ~ ~ x~ M - - _ _ _ _ - - - , , ~ s~.~ _ ~v~ rr ~ ~ - ~_y~ ~ . r _ ~ry~a~~~~~ . ~ . . _ ,