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Home My WebLink About2404 3. To F'ace a~d cont~nuo~s;y keep o~ rhe bui;d~n~s now or here3iter s~~uate on sa~d tand and on a!~ equi~ ~nrnT and penona'~y covered by thit mo~tg- ege, w;th dll pre:u:uins thereon pa.d ~n Su!1, f~re i~~s.:rance m the usuaf s~andard pollt~ fotm, in a wm 3Hproved by tha MOR~i,AGEf, a•~d windstorm insutance in tt~e usuaf s!andard poLCy fo~m, in a sum app~oved by thr MORTGAGEE, in suth company o~ co,npanies as the MORiGAGEE may direCt; dnd dll lire and w;n;lstorm insuran~e potit~es on any o( Sa~d buud.nys, any interest therein or parl Iharzo(, i~ the aagregatz sum aforesa~d or in excess Iher¢of, s~~ail cont~in ihe usvat srandard mortg~g,:z dausr o~ such othei cl,~use as the Mor~yayee may reqv~re, ma?ing the iess unda~ s.~~d po~i- cirs, eath and evrry, pay~b'e to said bIJRiGAGEE as ~~s int~rest may appear, and each and every suth po:~c~ sl,o~l be p~on~ptly oss gned a~~d de~ivcr~~d ~o any held by sa~d 610RtGAGEE as furthar srwr~ty to said n:ortga9e debt, and, oo~ less ~han ~en (10) diys in ad.a~~ce of rhe expno!~on o~ each pu:~cy, ~o de- Gver to said AiORTGAGEE a renewal theieof, t~ge+har wifh a rece~pt for the prrm~~m ot such re~~e+~a1; and thrre ahall br ~w i:~e o~ w~~~dsis~~~ ins:,~ance placed on any oi said b~itd~ngs, any ~nteresl tF~erain or part ihereof, unleu in the form and ve~~h the loss payobie as afo~esaid; and in ~he event any s~m of money bcco•ne~ payab'e under scch po6cy or po6uas said A10RiGAGEE sl,~ll have ~he opnon to rec_~ve and apF'y ~f~r Sd~uG on acco~n~ of the i~~daof~•d- ness secured he~eby or ro perm~t sa~d 1~10RiGAGORS to reee~ve and use it or any ~,arf ~he:rof tc,r o:~~•> i...~, ~s~s .~:u~,:,;t i~~.•~.:,. ,..,,.,,3 ;;r „.~.,~r- ing any equ~ty, Ilen o~ nyh~ under or by virtue of th~s mo:rgage; and in the event sa~d MOAiGAGORS sha:! tor any ~aason fa;f to kaep the sa~d pren:~e_s so ~ns~rrd, or fail fo deliwcr promptly any of said pol;cies of insuran~e to sa:d MORTGAGEE, or foi: pro~nptiy ~o pay fu;ty cny pre~uw:n th~retor or ~n any respect lail to prrfo~m, d~s:hurge, eaecutr, e4fect, con,p!ete, comply with and ab~de by th~s cova~an~, w any p..:~ hareo~, s.+:d /rvR1:,~G~E rt~ay p+ac~ a~~ pay Eor such insuror.ce or any part tt~ereof wirhout .4ioinfl Qr a(fecting opnon, lir~, equ~ty, o~ r~ght w,dcr or by v~~tue of ~his 6~ore9ege, and ~he t~ll a~no~nt oi each and e~ery wch paymrnt shaft be ~m:ned~aMly d~e a~yable and s?+all bear imrrest frorn the datr ihcrroi w~ril p~~d a~ the ra~e of r~:ne ~r camum p.;r ar.~w~n ~nd To3c~h~•~ ~nnh suc!~ int~r~st shoi~ tx s~cure y the lien of this mortgage. 4. To permit, tanmit or suf(er no v.aste, i~npairm~nf or dererioration of said property or any pa~t thereof. S. To pay a? and singut3r ehe cosls, charges and expenses, irtcfuding a reasonable anomey's fee and cosK of abstracts of tir!e, inc~rr¢d o~ pa~d at ,~y t~me by sa~d A ORiG~GEE, because or i~ the event of tha fa~ture on the pan of ~he said MORTGAGOR to duly, pro:npNy and fu~fy F~rform, d~scharge. _,.~~cure, effec~, tompiefe, compfy v~uh and ab:de by each ar,d every the sr~pulae~ons, aq~ee~r~ents, tondit~ons, and covenams of sa~d prom~ssoiy note and ih~s ~~o:tgage any or e~ther, and sa!d costs, charges and expenses, each and every, shall be ~mmed~ate~y due and payab'e; v.hrther or nut ~hr~e be notice dr mand, attempt to col~ect or wit pentl~ng; a~d the full amoum of each and every such paymem sholl bea. inrerest from the date thereof unril pa~d at the o+ ~~~ne per crnr~•n per an,.u.n; er~d aU sa;d [OS~S, Ctidr~@S dn(~ txpenses iree~~red or paid, togr~her weh such ~nte~~st, shall be secured by the t~rn of th~s m or t~aga. 6. That (a) in the eveM of any breach oi this Mortgage or defauh on the part of the MORTGAGOR, or ;b} in the event any of sa:d sums of money F~~;ein refened to be not pro~npKy and ful3y paid with~n tbr.ty t30) days nex: aiter ~he same se.era::y bece~ne due and payable, w~thout demand or net~ce. or (c) in the event ea~h a.~d every the stip~:ations, agreerne~its, tonditions and tovenants of sa d pro~~ussory note and th.s mortgagr any o~ e~~her are noi iu:y, prompfly and f~lty perform~d, d.scharg•_d, exec~ted, eifecred, co+nptescd, compfied wrrh and ab;ded Sy, then in e~the~ or any svch evem the sa,d ag ~~egate sum mant~oned in sa~d promissory ncre then remaining un,:a~d, with intere;t accrued, and a11 moneys sewred hereby, shall become due and pay ao e forthwith, or ~hereafter, at fhe op!ion of ae~d h50RTGAGEE, as (ully and completely as if ar1 oi rhe satd s~ms oi money were or,g;na+iy s~~pu.ated io be pa~d on such dcy, anything in sa.d p~arrssory noJe or in fhis ylortgage to th? LONrdry nohvithstandang; and thc•eupon or thereafter at ehe opt~on of sa:d MORTGAGEE, w~thc~t n•~t~ce or demand, suit at law or in equdy, therefore or thereatter begun, may be prosec~ted as if ali moneys secured hereby r.:d mat~red pnor ro~ts institunon. ' . 7. That in the evenr thar at thr beginning of or at any fime pending any suit upon this Mortgage, w to ioreclose it, or to refo~m it, or to e~force payment of any cla~rns he~runder, said h10RTGAGEE shaU apply to the Court havi~g jur~sd~c~:on thereof for the appo~ntment of a Receiver, su.h Court shail Fcrrhwith appc~nt a rece~ver of said n:ortgaged property ati end sirtgutar, inctud~ng ait and singvtar the iretome, ptof,ts, iswes and ~evenues trom whatever s~v-ce derived, eaih and every of wMch, it being express'y undc:s;ood, is hereby mortgeged as if spec~ficaily sr~ forth and describrd in the granting aad hsbendum dauses he~eof, and s~ch Receiver shaU have ai1 the b.ead and effecr;~e funcf,ons and powen ~n any.v~se entrusted by a Court to a Rec.:iver, a~~d s. ch appointmc~~t shaii be made by w:h Cou~r as an adm»tcd equily and a matter of absolute rigMt ta Said h1pRiGAGEE, and witti~ut reference to the r..iequ;q or inadeq~acy oi the 1•alue of ~he property mortgaged or to the se~ve~cy o~ ,:~sowrncy of sa~d HtORIGAGUR or tKe dete~~der.ts, and 'h,~t s~ch ~•;rs, profits, income, issues a~d re~er.ues shatf ~ appiied by such Receiver accaro~~~g to the lie~, oi eq~;ty of said MORTGAGEE and the prauice of such Coutt. 8. To du!y, prompt!y and fulty perform, discharge, execute, effect, complete, comply w;th and abide by each and every the stipulations, agreements, conditions and covenants in sa~d promissory note and this mortgage set fonh. 9. That in the evc:~t ~he ownersh~p of the morlgaged pren,ises, or any part thcreof, becomes vested in a pery~n other than the A10RTGAGOR, the ~RiGAGEE, irs successors ar.d ess~gns, may, wifhout nonce to the .V.ORTGAOR, deat with such s~ccessor or successor in interest ~v~th reference to thie ~a•+gage and ~he deb~ hereby se:ured in tne same manr.er as w~th fdor~gagor w~rh~ut in any way vit~ating or d~scharg]ng the ~dorryagors' liabilny herc~ :ter or upon rhe deb~ hereb~ secured. No sal2 ~f the Frem~ses hereby mo~tgaged and no forbearance on tbe part ot the )dORiGAGEE or iti successors or assigns and no eatens:on of the time for ihe paymens of the debt hereby secured give~ by the MOR7GaGEE or its suctessws or assigns, aiiall operate !o re~ease, d~scharge, modify change or af(ect the original IiabJtty of tbe MORIGAGOR he~ein, either in whole or in parr. T0. tt is spec~F;~ally agreed that time is of the essence of th;s contract and that no wai~er of any ob~~gat~on hereunde~ or of the obfiyation sr cured hereby sha~l at any ti-ne thereafter be held ro be a waiver of the terms hereof or of the instrumeM setured herby. I1. In aadrtle~i to thc foreqo ng ~nonth'.y paym~MS of princ pal and int<~rest req~~red by the prom:sscry ne!e s~wred her~by, mortgagor covenanis ~r d ag~~es to pay !o r.~ortgagee •n~th ~ach ~:~enrh?y pa~~.:ent an add~r~onal svm esr~mafed by mortgagee to be equai to 1. 12 of the annua! cost oi the follow- A-A!I rea! ~roperty taxes levied or assessed cg3i•~st ~h.: above described re-al estate. , B Pr~r~:~;,•r,s o~ f;re end vindzto•~n insurarce as herei~ requ~red tu 6e ca~ried on the :mrroveme~ts s~tuate on th: above dasc~ihed premises. C-Pre~n~;,~-.s on svch mo:tg,ge guaranty ir.sura.~ce as martgagee shaEl frc.n t~me ro ti,ne deem fit to car~y on the loan sec~rcd hereby. 1'.5ongagee s~:~:l 'rom r~me to t~me nct;fy mo~tyagcr in w~iti~g of the am.o:,~t due and payabte hereundcr and wch sum shail the~cupon be due and ;.a}-ab!e on tha d„e oa=e of rh, rext ~:,onth'.~ payment and each successive monrh the~eafter ~r,te: mcrtgagee shail not~fy mo:egagor of a change in such c ount. Su:h ;~ms sFa.i be ap~?:i~d by mo•tgagee roward rhe payment of real preperty taxes, inwrance prem:ums, and martgage guaranty insurance ' ;i m ivmS- IN ~~RNE"S :•.'HER'O~, th sa~d M TGAGOR has hareu~to set his hand and-seat the day and yea~ fint aforesaid. ned, a;e an liver fh sence of: / / ~ ~ ~ ~ ' ~ ~ 4~ ~ ~Q J ^sz~ al J ~oaddus L. Garnett ,~ai~ ~ _Q _ ; l . lSeal) __~____V_ Patricia S. Garnett ts~aq S~:+TE OF fLORtDA St_Lucie ! ~ ~ll'JTY Of . _ ~ i i Before me personally appeared Broadcius L. Garnett and Patricia S. Garnett ! - his wife, to me well known snd known 3o me to be ; the individuals descr~bed in and who executed the foregoing instr~ment, and atknowtedged before me that they exec~td'1A'2'~yaa~, tor i~ purposes ~ Patricia S. Garnett r`'~ y` ' rh:•~ein expressed. And the said I . ~ • ~ r,;fe of the sa~d ~r0~3CIC~US L. . Garne t t upon a lbpatat~~aih~ private _~am:nat~o~ by me taKen sepa~ate a~d apart frorn her said husband, acknowledged to and before me that she euetutE~~s~l~ini~ts7mPnt ~reeF~r~~d vplun- ` 'a•~~y and w~thout any compu':sion, constraim, apprehen ion, or fear of or from her sa~d husband. ~ ' i WITNESS my hand and official seal this__ day of ~G@m~~ ' p=~q72 i . , _ . F ~ . j Notary Pvblic in and for;t. bt~ f Fbridb~ rge ! My Comm~ssion expires: ' ; Return To: NOTARY P~~r,~ ~ ~0~~~ ~ First Federal Savings 3 loan Associat~on MY C05f4!~$$~py ~P~R~ S ~ uR~E ! Of Fc~~t P•::ce. BonCeC 6 25. 1975 For P~~•:ce. F~~~;d3 y/lmeriCaq Binkerg Insy~~ ~0. ~ FILEO -~EGOAOED ` This lnstrument Prepared By .1~hn Roberts ST.IUCIt v~:1N1Y F~A. ` First Federa! Savings 8~ Loan Association ROG: =:_i'RAS ~ - ` of Fort Pie~ce Florida CLEFx t:•.i.~~IT C~URT i ' RF"!1k ~ y_~~ :I[i: Checked By n ~~V~ raGE~~o~ ~ v 3~J6 1 H~~Z BOOK 9 S ~ 243259 i ~ - ~ ~y " ' ' ~~n~~~.~~~ro ~'3~" v . ~ "4,t~ _ . ` ~'L~cTfia~'t ?a