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Home My WebLink About2753 3. To p!ace and continuousiy keep on the bui:d~ngs now or he~rafter ~~luate on said land•and on aR eq„~p~T~rnf and prrsonalty covered by this mortg- age, w:th all p em~u:~~s N~~reon ~a.d ~n full, fi~e inswance m the uiual s~andard pot;ty form, in a sum approved by ths 610RiGAGEE, a»d winds~orm ~nsurance in ehe unual sranda~d pol~ty form, in s sum appro~ed by the M~R+GAGEE, in suth tompany or cumpanies as ~he h10RTGAGEE may direU; and. all fire ar.d winJstorm insu~ance poliuas on any of sa~d build~ngs, any inre~eit therei~ o~ part th~~eof, in the agq~egare sum afores3id or in excess thereof, shaH contain ihe usval standard mortgagee clause o~ such o~he~ c~ause as ~he Mortgagee may requ.re, making ~ha loss undrr so~d puli• c1es, each and evz~y, payao~r to said f.1pRTGAGEE as ~ts inte~est may appear, and each and every suth po!~cy shatl be promptty aas gned and dz~iverrd to eny hetd by sald MORivAGEE as fwiher aecurity to aaid mortgage debt, and, not less than fen (10) days in advance oi the exp'valiori of each po!icy, to de- 7~ve~ to said MORTGAGFE a renewa~ thereof, together with a rece~pt fw the premium of iuch reneaa~; and thare shail be ~+o i~~e o~ w~~~~lsta~m inswance placed o~ any of sa~d b~ild~ngs, any inferesl ~here~o w pa~t thereoi, unleas in ihe form and wiih the losa payable as afo~esaid; and in ~he event any sum of mo~ey betomes pa~abte uudrr such policy or pol~cies said MORTGAGFE sh311 have fhe op~~on to ~etr~ve ar.d apply the same on accou:v of the indabred- neu sewr2d he~eby or to pernut sa~d MORTGAGORS to receive and use it or any parl ~hr:eaf to~ o;i,cr p~r; os~~s. ..;~i:,.:r ih ~.,:~.;.,3 c. ~~:a,,,.- ing any equ~ty, lien or ~ight undcr or by vittue of thi~ mo:'gage; and in Ihe event sa:d MORT(;AGORS sha!t for any reason fail to ktep the said premis_s so inswed, or fail to da4v~r pr~rnptly any of said po6cies of insura~e to sa:r! k10RTGAGEE, ot fa~l promptly to pay fui~y ~ny pre~n~um theretor or in a~~~ resped tai! to perfwm, d~scharge, exew~e, effect, complete, comply with ant! abide by this covenant, or any part hareof, sa~d MuRTG:.GfE may p~ace a~o pay For such insurence or any part thereof without waiving w ~}fetting any option, lien, equ:ty, or r~gh~ unde~ or by v~rtue of ~his Moetgage, and tAe t„tl amo~nt of each and every such paymrnt shall he immediately due and payable a~d shall bear intzr•rst from tha date thercof unfil pad at the raie ot n~ne per cent~m per annwn and togethrr wdh such ~ntereat shaii be srcured by tht lien of this mortgage. l. io {xrmir, commd or suffer no waste, impairment or deterio?ation of said p~cpeity or any part therrof. S. lo pay a!I and sing~lar the costs, charges and exRenses, including a reaso~able attorney's fee and costs of abitracts of tit!e, incu~red or paid at iny tier.e by sa~d MORiGAvEE, because or in fhe evero of ~he failure on ~he par~ of ~he sald MORTGAGOR to d~ty, promp~ly and iuily perform, d~scF~rqe. ~.ec~te, effec~, comptete, compiy w~th and ab:de by each and every the stip~latwns, aqreem~nfs, cond;tions, and covenants oi said p~omissory note and ~his .,:o.rgage a~y er euher, and sa~d cosrs, charges and expenses, each and every, shail be immed~ately due and payabte; wherher or not th~re be noi~ce da mand, attempf to collect o~ suit peod~ng; and the ful~ amount of each and every such Fayment shati bear in~c;es~ from ~he dare thereof u~~~il paid at the re o~ n;ne per c2nlum ~r annu:» ; and all said costs, cha.ges and expenses irxurred w paid, togrther w~th such interest, shall be secured by the Gen of th~i ~r.ortgage. 6. That (a) in the event of any breach of this Mortgage o? defauh on tM part of the MORTGAGOR, or (b) in the event any of sa;d sums of money hereirt referred to be not promprly a.~d fully pa~d within th~rty ~30) days ~ext atter the sanee severa:iy beco~~e due and payable, w~~hout demand or notice, or ~c) in tha evem each and every the stipulations, agreements, cond+tions and covenants of sa,d prom~ssory no~e and ih~s mortgage a~y or either are nol ~u.y, pro~npdy and fulty performed, d~scharg;:d, eaecuted, effected, compteted, complied w+th and ab+ded Sy, tFKn in e:ther o~ any such event the sa~d ag- ' ~~rgate sum mzmioned in said prom~ssory rwte then rema~ning unpaid, with intere,t accroed, and au moneys secured hereby, shall betome d~e a~d pay- abie fcrthwith, or ti~ereafter, at the option of said MORiGAGEE, as fully and completely aa i( aU of thr sa~d sums o( money were or~g~na~ty shputated to be pa[d on such day, anything in sa:d prom~sswy note o? in this Mwtgage to the tororary notw~thstar.dmg; and the~eupoo or thcreafter at the opt~on of _ sa!d MORT~'iAGEE, without nor~ce or dernand, suit at law w in equ~ty, therefore w thereafter beg~n, may be proxcuted as if atl mone~s secured hereby ~~ad matured pnor to ds instnuhon. 7. Thar in the event that af the beginniny of w at any time pending any suit upon this Mortgage, o~ to forectose it, w to retwm it, or to enforce ~ayment of any cl3ims he~eu~der, said MORTGAGEE shall apply to the Co~rt having ~urisdicr.en thereot fot the appo~otmem of a Receiver, such Court shail fc;thwrth appoint a recei~er of said mortgaged property afl a~d singutar, includ~ng aif ar~d sing~iar the income, p~ofns, iss„e~:and revenues from whatever s: urce derived, each and every oF wh~ch, it beiog expressly unde~s~ood, is hereby mortgagcd as if sp¢ufically set forth aod detvibed in the g~anhng and h~bendvm c!auses hereof, and such Recei~er shaii have a11 the broad and effective funci.ons and povr~~s _in anyyvise entrusted by a Court to a Receiver, and s_ch appoinrme~v sha!! be made by such Co~rt as an admitted equity and a malte~ of abso~ute r~ght to said MORiOAGEE, and yv~thout re(erence to the ndequacy or ina~equacy of the value of rhe property mortgaged or to the sotvency or inso,vency of said MORTGAGCR o~ the defendams, and that such re,~s, profits, income, issues and revenues shaU be apptied by such Receiver ar.ord:r~g to the lien or equily ot Ysid MORTGAGEE and the practice of such Court. . . 8. To duSy, promptly and ful~y perform, d~scharge, execute, effect, complete, comply w~~h and abide by each and eve~y the st~pulations, agreeenents, conditions and covenants ;n sa~d promissory note a~d this mortgage set forth. 4. That in the event the ownership of the mortgaged premises, or any part ihereof, becomes vested in a person other than the MORTGAGOR, the ' r:,pRTGAGEE, its successors and assigns, may, without norlce to the MORTGAOR, deal w~th such successor or successor in ;nterest with ~e(erence to this n'.o'tgage and th> d~bt hereby secureei in the same manoer as w~th Mortgagor without in any way vi~6ating or d~scharg~ng the Alortgagors' tiabiiiry here- e,nder w upon the debt hereby sec~red. No sale of the Fremises hereby mortgaged and ~o forbearance on ~he pan o+ the MORTG~GEE or its successors or assigns and no exte~s~on of the t;me for the payment of the debt hareby secured given by the MOJtTGAGEE or its successors or ass:gns, sliall operate ro re4ease, d~scharge, m~dify change or aFfecr fhe or~g;nal tiability of the MORIGAGOR herein, either in whole or in part. 10. It is speufically agreed that rime is of fhe essence of this contract and that no waiver of any obligat~on hereunder or of the obligation se- cured hereby shall at any time thereafrer be held to be a waiver of the terms hereof or of the instrument secured herby. 11. fn add;tio~ to the [ore9o:ng monin!y payments of princpal and intrrest req~~red by the prom:sory r.o!e secvred her_b~, rnortga~or covenant= ~ d agrer-s to pay to mortgagee v~~th each monrh(y payr.~eni an add~r~onal sum est+.r.ated b~ morrgagee to be equai to 1, i2 of the annuat cost of the follow- A-All rea! property tarrs levied or assezsed ag~i•ist thc above described rtal estare. y B-Pr~.r.~u~~s on f~re and v;~ndsto~m inwrar.ce as ne:e~n requ~red to be car-~ed o~ the improveme~ts s:t~ate on the above d_scr+bed premises. C--Prom;ua•s on such r*:ortg~ge gua.a~ty ir.sura~~ce as mongagee shall iror t;me to rime deem fit to carry on the loan secured hereby. Mortgagee shall frem t~me to tlme nonfy mo~tgagor in writi~g of the amount due and payabte hereundrr and svch sum shaii the:e~pon be due and ; syabie on the dve ciate of th= next month!y payment and ea~h sutcessive moMh thereafter u~~tii mortgagee shall nohfy mortgagor of a change in wch a~ ount. Such wms sf a.i ~e applicd by morrgagee toward the payment of rea; property taxes, insurance prem~ums, ai~d mwtgage guaranty insurance o•emfums. IN Y~ITNESS YIHEREOF, ihe said MORTGAGOR h~s hereunto set his hard and seal the day and year first aforesaid. S' , Seated a~ de ' i h,F presence of: ~ _ .c~. ( ~ - ' . Seal) _ , y~t ~)i ( tSeaq - . (Sealy ($eal) ! STATf OF FIORIDA ~ St , L.uCl@ ~JUNTY OF ( Before me personally a peared W1111Ht11 BlYdttt aA(] LArB Bl YalAt ~ 1115 1Ylfe and Rav Col lins a~ Pharisene Col~ins - his wife, to me we!! known and kr.own to- me to be the individuais described in and who executed th~ fwegoing instrument, and acknowledged before me that they executed the same fOr the purposes s`+ere~n expressed. And the said_~ra E;rvant~ Wlfe of -th caid W' 71iam Rr4.~.+* anA Pharisen~e Ce~lZins . , w~fe of the said ^ ~av C~Olllflc 1 uppu~;ep}srots and.p{ivite e•.am~nat~on by me taken separate and apart from ber said husband, acknowiedged to and before me that she execvted said-imJrGinent ireely end vOiWj- 'a-~iy and w~tho~t any compulsion, constraint, appreheps~on, w fear of or from her said husband. ' - ~ t . : - . . ,r r~_ t- . WITNESS my hand and offic~al seal this- , ~ day of_t ~~~cember Y i~_~ - ~ A. D. J97~ ~ J ~I ` . _ ` ~ t~ _ ' - t . , tr-i ~ . e Notary Public in anA for the St~o! Flerida at tsrge My Gomm~ssion expire;: i r " "~Z f; Retom To: ~ 7 F~r:t f~ c a~~~avings S toan Assouation " S i~` ~~'U- -J/~ Of F~rt P:er~e. . For: P~.,~:e. floriJa FILED a~,: "•EC~ROEO ST. LUC:L CaUN7Y FIA. ROCE~ =:~iTflAS - This Instrument Prepared 9y Richard K, Kayes ~ ~ CIE. K C~ ~:Utt COURT First Federal Savings 8 loan Association pF~~,~~ ~rr~ of Fort Pierce , F lor ida Checked By~ O~ ~ 08 ~n'~~ 243480 dOGK~OO PACE~7~ ~ _ _ - - - ~ ~ ~ _ . _t : ~