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Home My WebLink About3495 3. To place and con~inuously kerp on the bui:d~ngs now or here;fter aituare on sa~d land and on a!{ rqu~p:»ent and persona~ly cov~red by th;s mo~tq- ags, wi~h aU prem:u~is thcreon p,i:d ~n f~il, fire inswenca ;n rhr us~~l sca~~dard ~!~~y form, in a aum aFproved by th: h10R1G:.GEi, and w~ndst~rn ~nsurance in ~he ~s~al standard po,.cy form, in a sum app~o.ed by ihe AIORTGaGEE, in such cor.:pany or compan~es as ~he AtORIGAGfE may d~rec~; and all iire ar,d wmds~erm insuTance poGues on any of sa~d bui!d~ngs, any interrsr therein o~ pan thrreof, in the agg~egate sum aloresa~d o~ in exces~ thereof, sAnlt :ontain th~ usua~ standard morr~agre c;ause or such o~h~r ciause as the Mo~tyagee may requ~re, ma?~ng the Icss undrr s~~d po~i- c~es, each and every, paya5!e to said h1pRTGAGEE as ~ts int_rest may ap~ar, and each and every s~ch po :cy shall oe prompt~y as3 gned ar.d de'ivered to eny hetd by sj~d .NORTGAGEE as funher sccunty to sa~d ~~io~~goge d•.ol, and, not tess than ten (1Q) days u~ adras~ce of thr expirot~on oi .:ach ~of~cy, to de- tiver to said MORTGAGff a renewal thereof, together w~th a rece~pt for the p~emium oi such rene+yai; and thare sha;l pe no Lre or windstc~m inw:ance placed on any of safd buildings, any inierest therein o~ part thereof, unless in the form and w~ih the loss payau!e as a!o~esa~d; and in the event any s~m of money becomes payable undrr such po~icy or poLues sa~d MORiGAGEE shail have the opnon to ret•_~ve and app;y the same on account o( the ind~-bfed- ness secu~ed hereby or to perm~~ sa~d MORTGAvORS to receive and use it or any part th<rr~f Iw o;n~~r uurr o~~•s, :::~no~r rhr~. s..~.~ o~ ~•,:a„~+- . ing any equ~?y, lien or r~~M vndrr or by virtue of this mortgage; and i~ the evem sa.d MO~TCiAGORS sha11 for any reason fail to keep the sa~d prem~s:~s so ~nsu~ed, or fail to delivrr promptly any of said polrcies of inwrance lo said MORTGAGEE, or fai! promptty to pay fuJy any przm~,;,n therefor or m a~~y resped fail to perfo+m, d~scharge, execute, effecr, comptete, comply with and abide by rh;s coven.~nt, or any pan hareof, sa~d A\I~RT;~AGEE may p~ace a~~d pay fw such insurance or any part thereof wnheut waiving or affecting any opuon, lien, equ~ty, or ngh~ ~nder or by virtue of ~hii Atoregage, and ~he f~ll amo~nt of each and every such paymern shall ba immediately dve and payabte and shali bear int.rrrsr from tha dare thereof until paid at the rate o~ mne per cent~m per annu•n ~nd tug~~ther w~th wch imcres~ shaii Le s~~cured by Ihe lien of th~s mortgage. 4. To permit, commit ot suffer no waste, impairment w deter~oration of sa~d property or any part thereof. 5. To pey all and singular the cosb, charges and expEnses, indudmg a reasonable attornry's fee and ccsts of abstracts of title, inwrred or pa~d at any tiT,e by sa~d MORTGAG:E, because or in ihe evero of the ia~iure on ~ne par~ o( tha sa~d RtORTGAG^R to d~iy, pro~nptly and f~Uy pertorm, d~acharge .xec~~e, effeU, complete, compty vv~th and a6:de by each and every the stiFulat~o~s, agrerments, conditions, and covenants of said prom~ssory note a~d this :hortgage any or eiiher, and sa:d costs, charges and eapenses, each and every, ahall be immediately due and payab:e; wherher or not ~hero be not~ce d> rr,and, attempt to col;ect or suit pend~ng; and rhe fu!! amount of eath and e~ery svch payment shall bear inte~est from the darp thereof until paid a~ the ~ ~r~ of n~ne per cent~m p~r ann~m; a~~c: aU sa~d cos~s, ci~arges and exc.:nses ~ncurred w pa~d, tog~ther .v~th wch ~meiesf, shall be secured by the lien of th~s ...~:.y:.yc 6. That (a) in the cvent of any breach of this M~rrgage or defaulr en ?he part of the MORTGAGOR, or ~b) in the event any ol aa:d sums of money herein referred to be not promptly and fully paid wi'hin th~~ty (30) days ne,c1 atter the same severatly oetome due and payabte, without den,and or no~ice, or (c) in the event each and every the stipu~ations, agreements, condrtions and covenants of sa.d promissory note and th~s mortgage any or either are no1 juty, promptly and futiy perfo~med, d.scharged, executed, eifected, compteted, compLed with and ab~d~•d Sy, then in enher w any auch evem the sa~d ag- ~r:gate sum mennoned in said prqmissory note then remaini~g unpaid, with inte~est accrued, and a:l moneys setured here5y, shall become due and pay- a~.e forthwirh, or rhereafrer, at ehe opt;on of said A102TGAGEE, as fully and comp!etely as if alI cf the said wmy of money were onginaily snpu:ated ro be pa~d on such day, anything in sa:d pro:n~ssory note or in this Mortgage io the contrary no+w~thsrand~ng; ar.d thereupon or thereaher at thY op+~on of sa:d MORTGAGEE, wlihout nor~ce or demand, suit at law or in equ~~y, therefore or fherealre~ begon, may be p~osecured as if all moneys secured hereby nad maWred pr~or to ~ts inst~tution. 7. That in the event that at the beginn~ng of or a! any time pending any su~t upon th;s Mortgage, or to foreclose it, or to reform it, or to enforce ;,aymeN of any Naims hereunder, said MORTGAGEE sha~l apply to the Co~rt hav~ng ~ur.sd.tt:on the~eof for ~Ae appo~ntment of a Receiver, such Courf shail iorrhwith appoint a receiver of said mortgaged proptrty all and s~~gular, indud,ng a11 and s~~~gu~ar fhe inc~n~e, profits, hsues ar.d reve~ues lran whatever s~~rce derived, each and every of wh~ch, it be~ng express!y unders~ood, is hereby mocigaged as if sFeu{rcaily set (orth a~d dexribed in the grenting ar.d habendum dauses hereoF, and such Receiver sha!! have al! rhe broad and effecr;we fvncr.ons and powers in anyw~se enrrusted by a Co~rl fo a Receiver, and s_ch appoi~tment shall be made by svch Cou~t as an adm~tted equity and a matter of absolute ngM to said MORTGAGEE, and without reference to the adequacy or inadequacy of the value of the property martgaged or te the so.vency or msoivency of sa~d M.ORiGAGOR or the defendants, and rhat such ~_~~n, protits, income, issues and revenues shaN be applied by such Receive~ accord~rg to the lien or eq~ity of said 610RiGAGEE and rhe practice of such Court, 8. To duly, promptiy and fuily pertorm, d~scharge, execute, effect, comp!etr, compfy with and abide by each and every the st~pulations, agreements. cor,dirions and covenan~s m sa,d promisxory note and th~s mortgage set forth_ 9. That in the eveN the ownersh~p of the mortgaged prem~ses, or any part thereof, 6ecomes vested in a person o!her than the MORTGAGOR, the :'~RTGAGfE, its suctessors and azsigns, may, withovt notlte to the MORTGAOR, deai w~th such successor or successor in inte~est wAh reference to this n•ortgage and ihe drbt here6y sec~red in the same manner as wrth 1~1or1~a~or w~thout in any way vitiating or d~scharging the 111or.gagors' liability here- ur.der or upon the debt hereby secur~d. No saie of the prem~ses hereby mortgaged and no forbeara~ce on the pari of the t~ORiGAGEE or its successors cr ass~gns and no exte~s~on of the time for the paymero of the debf hereby secured g~veo by the AtORTGAGEE or irs successors or ass~gns, a;~all operate ro reiease, d~scharge, mod~fy change or affect the orig;nal liao;tity of the MORTGAGOR herein, either in whoie a in part. 10. It is spec;f~ca~ly agreed thal timr is of the essen~e cf this contract ar.d that no waiver of any obligat;on hereunder pr of the ob:igation se- cured hereby shaL' at any time thereafter be he'.d to be a waiver of the terms hereof or of the instrument secured herby. 11. In add ~[c~ ro the forego'ng month~y paym_nts of pr;nc pa1 and inrrresf requrred by the prom:sscry no'e secured hereb~, mo; tga~or tovenants a^.d agr~es ro pay to mo-43agee ,n~th each mon!h~y pa~~:;ent an add,riona~ sum ~sr.~T,ated by mortgagee to be eyua~ tu 1, 12 uf the annual cost of she ioliow- ;•.y: A-AII real property iaxcs fevfed or assessed aga~•~st thc above descrf~cd reai estate. B-Pram~u-rrs an (~re a~d v~ir.dsto~m ~I73Wd!'ce as herr:n requ~~ed to be ca~-~~d en the ~mr+ovements sit~ate on t~~ above d:str~6ed premises. C-Prorn~urr.s on such mortgage g~aranty ir.surar.ce as mo~rgagee sha;i frc:~ t me to t~me dFem (it to tarry on the Ioan secured hereby. Mongagee s~3!I from nme to time not~fy mortyagor in wr~t~ng of the ar„ou~t due and payable hereundar and suth surn shalt thercupon be due ar.d c:~rable on the due dare of the next monthf~ payn,ent and each successive mo~rh tiiercafl~r urait mcrtgagee shall not~fy mortgagor of a change in such ~~~,unt. Such sums sha:l be app;ied by mortgagee toward the payment of real property taxes, inwrante prem,ums, and mortgage guaranty insurance ~%'emium5. IN YliTP~ESS LS'HEREOF, rhe said JNORTGAG has hereunfo set h~s ha,:d and seal the day a year^first a4or aid. S~gned, Sealed and dettqe~ed i`ihe presence f: ^ _ / i . ($!AI) - ~ ohn F ica a a s n Ie t~si~ ~ adnlt (Seaq • \l~ ~-ir~C r~ ` (Seal) SiATE OF FLORIDA ~ St. I.ucie u- COUNTY OF ~ 8efore me pe?sonall y appeared Jo h n F ic a r a, Jr a s i n n 1 e a d u 12 ~ to me well krrown and known to me to be the individual desvibed in and who executed the foregoing instrument, and acknowledged before me that he executed the same for tf~e purpozes ' rherein expressed. ~ ~Vf~ }~'~.X~~. i ~ , ' ~ t = G WITNESS my hand and offic~al seal thi - _ day of {~';9- .Tl ~ . U • . Nota y Pubfic in and fo the Sjete.of fllrid~ t Large'-~ My Commistion expires: / ry • Return To: ~ Ji .d ` ` first Federal Savings d~ loan Association O! rorr P~,~.~ , ~ , • ' . , - j Fort Pi2rce, florida , . fp~ i ~~p RftO~tflE~ . • iT. WC1f COiJ~ITY F~A_ ~ AOCf1t PO~i~2AS ( ~ GLERt QIRCf1~T CtWRT j This Instrument Prepared By John ~v . Col l in s REC4it0 YEPiiJEO - First Federal Savings & Loan Association • -ef~Fort Pierce ~ F 1 or i da 8 30 ~~T~ ~ ) ~ Checked By -~1-~ . ~ t~ n BOOK IG.Oc7 PAGE ~e~ : - ~ ; : _ ~a