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Home My WebLink About2406 3. To place and con~i:~uously karp on the b~~'d~~~gs now or he~eaftzr s+~vaie on sa~d tand and on aL' eq~ip~„am and prrso~a~ly covered by th~s m.orrg• egs, w:th all prenuums ~hrreon pa d in fuil, f~~e i~is~+enca m ~he usuat srondard pollcy ,form, in a sum aFproved by rhe MOR~IiAGEE, and w,ndstoim i~=urancr in the us~al s!andard pol:ty fo~m, in a sum appro.ed 6y the MORTGAGEE, i~ su<h company or tompanies as the MORTGAGEE may direct; and all tire ar,~ „~;,ndato~m inwrance pui~cief on any of sa~d b.i~~d,ngs, any inrerest there~n or pa~t ~hereo~, in the agg~rgare sum ~foresa~d or in excess thareof, shaU coniain ~he uwsi s~and~rd ~»orrg~gre dause or wch orher de~se as ~he Mortqagee may reyu:re, making rhe toss under a~~d poli- c~es, each and eveiy, payable to sa~d h10RTGAGEE as ~rs mt~-rest may appear, and each and every svth poi~cy shaU be p~omp~ly ass g~~cd and dalivcred ro eny held by sa~d MORTGAGcE as fu~~her s:t~:~ty io sa~d mortgage drb1, and, nol (ess ~han ten (t0) days in adva„ce of rhe exp~ratron o1 each poGcy. 1o de- 7ive~ /o Said MOR)GAGfE a ren~wol thereof, tage~her wilh a receipl 40~ the premium o1 suth renewal; dnd there shaii be rw f.te m~nlnds~onn inwrante plated on any of said bu~~d~ngs, any interest Ihere~n or par~ thereof, untess in ~he form and wnh the loss payable as aforesaid; and in the eve~l any sum of money becomea p~yab?r ~~~drr s~ch Noticy or pol~c~ds said A10RTGAGEE shal! have ~ha ophon to retv~~•e a~~d apply the same on accoum of the ind.:ot~•d- ~eSi se:ured hz•cby or to pennit Said ~AORTGAGORS 10 receivC and uSe i1 Or any part thrrrof iur o:i.• r p~n ;,sc-s, ~•.:~i:-v.:t ~h,n .~..~.i ~r ~~~~a,:ir- fng any equ~ty, I~en or uyht undrr or by vinue of this mcr+gage; and in the event sa~d MORTGAGORS sha!1 for any ~easort (ai! to keep rhe ~a~d prenus_s so ~~swed, or fail to dr~ire~ pranpNy any of sa~d po6cies of ~nsurance to sa,d MORTGAGEE, w fa~! pro~npNy to pay fuily a~ry p~e nwm iherrfur or in a~y respect lail ro pe~fo~rn, ducharge, exect,te, effect, tanplera, comply with and ab~de 6y this tc+venant, or any part harrof, sa~d MvRTi~r1GEE may piacr and pay for such inaur.,nce or a~y part th~~rof w~ehout waiving a~ afiecting any opfion, I~en, equ+~y, or nght under ur by v~rtue oi th~s Alortgage, and the +u1I amcwm ot each and e.ery such paymrro shall be ~mmediately due and payabie and shau bear interest from ihe date thereof until pa~d at the raie o! n~ne per centu.~i per a:;~iu~~~ and to~i•ti:~•~ w~th such intar~st shai~ be s~c~rrd by ~he iien of this mpttgage. 4. To pe~mi~, com~:{t w suffer no v,aste, i+Rpairmrnt or deterioration of said properJy a any part thereof. S. To pay a!! and s~ngular ?h~ co;ts, thargzs and expenses, induding a~rasonabte attorney's fee and tosts of abs~racts of ti~le, incuned or pa~d at any ti~r.e by sa~d MORTGAGEE, because or in ?he event of the fa~iure on the part of ~Ae :aid MORTGAGOR to d~~y, promprly and fu.ly periorm, d~sc~+arge. e,eecute, effect, co~nplete, co~npty W~~h and ab:de by each and every the stipulanons, agrer~r~ents, co+~dir;o~a, and covenanis of said prom;sso~y note a~1d th~s mortgage any or e~ther, and sa~d cost:, charqes and expenses, each and every, shall be immrcf~ately due and payab:e; whe~her o? not there be notice d~ mand, attemp! ~o coifecl or suit pend~ng; arxl the futl amouM of each and.e~ery sucF+ payment shall bear inierest trom the date thereof unri! paid at the ~.:~e o~ n~ne uer t~~n:w~, ~,er e,~n,,:n; anc: dl~ said costs, cha~ges and exprnses ~nturred or paid, tognther w~th such interes~, ahall be sztured by the lien of th,i mortgage. 6. That (a) in the evenf of any breach of this Morrgage or default on tFe part of the MORTGAGOR, or ~b) in the event any o( sa+d sums of money here~n referrrd ~o be not p~pr~ptly a,~ti fully paid w~thi~ ~h~rty (30) days nexf aiter ~he same seve~aUy beca»e due and payabte, w~thou~ demand or ootice, or (c) in the event each and every the stipu:anons, agreements, conditions and covenants of sa.d prom~ssory oote and th~s mortgage any or eeher are not ~~ly, prompdy and fully performed. d scharged, executed, effected, compfered, compl:ed wirh and ab~der! 5y, fhen in eithei or any such event the sa~d ag- ~-egate sum menno:,ed in said promissory note then remaining unpaid, with interes~ accrued, and ail moneys setured hereby, sha~l become dve ar~d pay- aoie forth.vith, or ~hereafter, at the opt~o~ of sa~d MORTGAGEE, as ~ully and comp(ete~y as if alf of the sa~d sums of money were ongina+ly s~~puiated to be pa~d on svch d:.y, ar.y~hing in s~ d prom~ssory note or in this Alortgage b the cororary not~vithstanding; and thereupon or thereaf~er at the opt~on of sa~d M0~2TGAGEE, v.ithout not~ce o~ demand, suit at law or in equity, therefore ot thereafier be9~n, may be prosecuted as if all moneys secured f~reby n~d mat~red pr~w to ~ts instituhon. 7. Ihat in the event thae at ?he beqinn~ng of ar a! any time pending any su~t upon this Mo~tgage, or to for~lose it, or to retorm it, or to enfo~ce paymem ot any da~ms herea:~der, said h10RTGAGEE shall app~y to the Cour~ having ju~~sdrc~~on the~col for the appointm~ni oi s Recei+er, such Court shall Fe: thw~rh appomt a rece~ver of said mortgaged property ati ar.d singutar, includ.ng aU and~ y~gN+Sr rhe 'rncome, p~ot~ts, iswes and revenues from whatever se~rce dar~ved, each ar.d every of wh~ch, it br~~.g expressty unders~ood, ~s hereby mortgaged as if'spetifically set forth and descn~d in the g~aroing and habendum ctauses Aereof, ard wch Receiver shall have all the broad and effcctive funct,ons and po.vers in anywise emrutted by a Court to a Recriver, a~~d s~ch appoinrme~fr sha71 be made by s~ch Court as an ad~niftad equity and a matter ot absolute r~ght to said MORIGAGEE, and wifhout reference to the adequacy or inadrq~acy of the value of the property mortgaqed or to the sc.vency or ;nsolvency of sa~d MORTGAGOR or the defendants, and that such renn, proffrs, income, issues a~d revenues shall be apptied by soch Receiver accord~ng to the lien o? equ;ty of said MORiGAGEE and the pracnce of such tourt. ' 8. To duty, prompr;y and fully perfo~m, discnarge, execute, effect, complete, comply wlth and abide by each ana every the stipufations, agr~ements, :ond~tions and ccvenants 1n sa~J promissory no:e a~zd this mortg3ge set forth. 9. That in the event the ownership of the mortgaged premisrs, o~ any parf the~eof, bscomes vested in a person other lhan the MORTGAGOR, the •.:~RTGAGEE, its successors and assigns, may, without notice to tne fIORTGAQR, deai with such successor or successw in interest witn reierence to this o~igage and the deut hereDy secur¢d in the same manner as with Mortgagor without in any way vit~ating or d~xha~ging the IAcrtgagors' liability herr :,~der or uEwn the debt hereby secured. No sale of the Fremises hereby mo.lgaged and no forbearance on the pan oi the MORiGAGEE or its successors or assigns and no e~senslon of rhe time for ihe payment of the deb+ hereby secu.ed given by the MORTGAGEE or its successors or ass~gns, a~~all operate ~o re~ease, dacharge, modify ~hange or afFect the orig~nal fiabil~ry of the MORIGAGOR herein, either in whole or in part. 10. It is spec~f"rtat;y a_qrred that t~me is of the essente of this contract and that no waiver of any ob~+gat~on hereunder or of the obligation se- cured hereby shaEi at any hme !herea4ter be he!d to be a waiver of fhe terms hereof or of the inst:umeot secured herby_ 11. In add t!on to tt.e forege'ng rnonthty pay~n~nts of E:;inc"pal and iroeres: required by the prom:sscry no~e secured hereby, mortga3or covenants d agraes to pay to ~,:o-rgayee v.irh each monrh y payr,,ent an add:~~onal sum es?~~~ared by mortgagee to be equa~ to 1. 12 of the an:wat cost of the follow- j: A-Afl reai p:operT~ taxrs ~ev~e~ or assess_d agal~sr ehe above desvibed reat esrate. 5-F:_~~;:u~r-s e~ (~re ar.d ~v~~~ds~o<<n ~fti~r3:C2 as Fier~~n requ;~ed to be carried on the ~mproveme~ts situate on the above d_scribed premises. C-Pre~c:~~,:~s on s~ch r:o~t~~~ge guaranty inwrar,ce es morrgagee sha!! fre^ t:me to t;me deem fit to tarry on the loan secured hereby. Mortgagee sha:! ~.em t~me to r~~ie no~ify mcrt5ager tn writing of the amo~m dv~ and payable hereundrr a~d such sum shall thereupon be due and ; a;able on thr d,,e a~+e of the next ~r.onth:y payment a~sd each successiv~ mo~th tnereaftcr unfil mertgagee shall notify mortgagor of a change in such ~ ount. Such swns sF a.i be a•;,~.iied by mortgayee toward the payment of rea! property taxes, insurance prem.ums, a~~d mortgage guaranty insurance erniums. IN 1•11TP1EiS ::NEREOf, the~ a+d MORTGAGOR has hereuMO set his har;d and seal the day and year first aforesaid. Signed, Sea~ed and deiive d in the pre nce~f: , ~ Q" s , 2l ~ tIl@ : (Seal) ~4~3a1d C . French (5eaq 1 tA@55 : - (Seal) ~ , _ - - - - ($eal) L n a W. Frerich i STATE OF FLQRIDA ~ Luc ie ~ COUNTY OF _ SL . _ _ _ , i l Before me personally appeared R'OIIa~ C. Freneh a~ ~ - ,_~i~~ W. French • his wife, to me well known and knawn to me to be i tha individuals descr;bed in and who executed the foregoiny instrument, and acknowledged before me that they executed the same ior the purposes rhe-rein expressed. And the said Linda W. ~'1@flCll ~ r:ife of the sa~a _ Ranald C. Freneh , upon a separafe and private ; e.am~nat:on b~ me tat~en separate and apart from fier said husband, acknowledged to and before me that sbe executed said insuumenl freely snd vo:um- ~ ra•~ly ar.d vi;thout any compuls~on, constraint, app~re.~he~nv n, w fear of or from her said husband. ~ WITNESS my hand and official seal thi~ ~~1-ti/~-~ day o( . ~ t 1~ lf: - J9~s~ ; ~ ~ ~ , i k- Not r PubGc in and for the State ~0 1' a d acyF • ~ ~ omm~ssion expires: ~ o ~J Return To: ~ ~ ~~wQuc.~aT tor cE first Federal Savings 6 loan Associat~on ~~~RID~ (,6R ~~;~'~XPIRE .g~ Of Furt P.erce. A`~nA°d T4*u9fnar EFv . 7975 Fo~• F~~rcn, Flor;~e J~ ~~an~~CNyftt. FlLEO 1?~= ~if Cc:fiOEp ; Ti,t : - St, WCtE v0U~1tY FLA. , =J~?RAS ,C~ ROG This Instrument Prepared By John W. Col l ins p ~~E;'K : U1S COURt First Federal Savings 8~ Loan Association E~•4-. •L• ~~Et? ; of Fort Pierce , Florida ~C 6 3 s6 ~M ~ 1 Z ` Checked By ~ U~ ~ t ; 2~3260 ~~or. t~ NAL~ ~~W ~ . , : - - - - _ ~ ~ ~ ~ ~ ~ ~ f" ,:z - ,~s ~.<~s-'~ .