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Home My WebLink About4390 To ptace and continuous~y kcep on the bui:dings now w herea(ter f~t~ate on sa~d land and on al{ equ~pmeN and perso~ally covered by thif mJrtg- ege, with all prem~ums thereon pa:d io full, I~re ins~r~nce in the usua{ ~~andard poficy fo~m, in a s~m approved by Ihe h1pRiGAGEf, a~d w~nds~o~m insurance in the us~al s~andard pol~cy to~~ai, in a sum app~oved by the MORTGAGEE, in such company o~ compa~~es aa the MORTGAGEE may d~rect; and all (ire and w~ndsro~m insurance poGues on •ny of said build~ngs, any intere~t therein or pa~f thereol, in the aggrega~e s~m afo~esaid w in excess thereof, sha11 contain the usual standard mortgagre clause w such other clause ss tAe Mo~tgagre may requ~re, maling the +osa undrr sa~d polb cies, each and every, payabte to saiJ MORiGAGEE as its interest may appea~, and each and eve~y suth po!icy s1~aS1 be promptly aas gned a~d delivered to any held by sa~d A10RTGAGEE as fur~her security to said morTgage debt, and, no~ leu ~han te~ i~0) days in advance of the expiration of each po5cy, to de- Gver to said MORTGAGEE a renewal thereot, togeihe~ wi~h a rece~pt for the premium of such renewal; and there shatl be no i~re o~ w+ndsto~~~ insurance placed on any of said buildings, any interett therein a par? thereof, untess in the (orm and w~th the loss payabte as aforesa~d; and in 1he evenl any sum of money becomes payable under suth poticy or pol~cies iaid MORTGAGEE shall have the opt~on to rece~ve and apply the ume on account o( the indabrrd- r.ess sec~red hereby o~ to permit sa~d MORTGAGORS to receive and use it or any parr thereof for osii,~r Hwroses, v.~tno~t th~..i~r w~i.l:~g cr n:,p~~~- ing any equ~ty, lien or rlghl under or by virtue of this mo:l9age; and in the evenl w~d MORTGAGORS sha11 for any reason fail to keep the said premis~~s so insured, or fail to deliver promptly any of sa~d po~rcies of insurance to said MORTGAGEE, or fail promptly to pay fuily any premium eherator or in a~y respett fail to pertorm, d~stharge, execute, effecl, tomplNe, tomply with and abida by fhis cove~ant, w any part hzreof, said MORiGAGEE may place a:~o pay fw such inwrance or any part thereoi w~~hout waiving w affecting any option, lien, equrty, or righ~ under or by virtue of this A1or~gage, and the f~ll amount of each and e.e.y such payment shall be immediately due and payable and shall bear interest from the data thereof untit pa~d a~ the rare oi nlne per ceN~m per annum and to~2the~ with such imerest shall be sccured by the lien oi this mo+tgage. I. To permit, mmmit or suffer no waste, impairment w deterioration of said prope~ty o? any part thereof. 5. To pay all and singular the costs, charges and expenaes, including a reasonable attorney's fee and costs of abstracts of title, incurred or paid at any ti~ne by sa~d MORiGAGfE, because or in the evem of the failure on the part of the said A10RTGAGOR to duty, prompNy and fully perform, d~sc~jrge. axecute, effect, tomplete, comply w~th and ab;de by each and every the stipular~ons, agreements, tonditiona, and covenants of said promissory nate a~.d ~his morrgage any or either, and sa:d costs, charges and eapenses, each and every, shatl be immed~ately due and payable; whrther w not there be not~ce de mand, attempt to co~lect or suit pend~ny; a~d fhe full amount of each and every svch payment shall bea. in~ere:t from ~he date ~hereof unt~l paid at the ~.+~e o~ n~ne pe~ cent~m per an~~u:n; and all sald costs, char9es and ex~nses ~ncurred a paid, togather w~th such interest, shall be secured by the Gen of thli mortgage. 6. Thst (a) in the event of any b~each of this Mortgage or default on the part of the MORTGAGOR, or ;b) in the event any of said sums of money hrrein referred to be not promp~{y and fully paid within th~rty (30) days neat after the same severatly becor.~e due and payable, withoul demend or no~~ce, or (c) in thr event each and every the stipulations, a~reements, cond~tions and covenants of sa;d promissory note and th~s mortgage any or e~tt~er are nol ~~ly, proR~ptly and futly performed, d~xharged, e~ecuted, effected, completed, compl~ed with and abeded Sy, then in e~ther or any such avent the aa~d ag gregate sum mentioned in said promissory note then remaining unpaid, with interest accrued, and all moneys secured hereby, shalt become due and pay- able forthwith, a thereafte~, at the option of sa~d MORTGAGEE, as futly and complete~y as if all of the said sums oS money were wginally stipu:aied ro be pa~d on such day, anything in sa:d promissory note w in this Mortgage lo the conrrary nor~vithstanding; and thereupon ot thereafter at Ihe op~~or~ of sa~d MORTGAGEE, witFou~ not~ce or demand, suit at law w in equity, therefare w thereafier begun, may be prosecuted as if all moneys secured hereby .;•ar_•ea pr:tv i*s 'vnsl;t.,e.pn- 7. That in the event that at the beginning of or at any time pending any suit upop this Mortgage, a to fweclose it, or to reform i1, o? to enforce payment of any claims hereunder, said MORTGAGEE shall apply to the Coun havi^g jur~ad~ction thereof for the appo~ntment of a Receiver, such Covrt shall fcrthwith appoint a receiver of said mortgaged property all and singular, includ,ng ail and s~ngular Ihe income, proi~ts, issues ar.d reven~es from whatever source derived, each and every of wh~ch, it being expressly unders~ood, is hereby mortgaqed as if spec~fically set fonh and desuibed in the granti~g and habendum clauses hereof, and such Receiver shalf have al! the broad and effective fu~ct.ons and powers in anywise entrusted by a~ourt to a Recaiver, and s, ch appoin:ment shatl be made by such Co~rt as an admitted equity and a matter of absoiute r~ght to sald MORTGAGEE, and withoul reference to the adequacy w inadrquacy of the value of the property mortgaged or to the so~vency or insowency of sa~d MORTGAGOR or the defendants, and rhat such rrnt5, profits, income, issues and revenues shall be appiied by such Receiver accord~ng to the lien or equity of said MORTGAGEE and the practice of such Court. 8. To duty, promptly and fuily perform, discharge, execute, effect, comp~ete, co:np~y with and abide by each and every the stipulations, agreements, .~r:d:::ar,s and ccvenanta in 53tC~ ~fC.^.:iS30-y r.~!e a^d tfi:s m=rtgage set fcrth. 9. That in the event the ownership of the mortgaged premises, o? any part thereof, becomes vested in a person other than the MORTGAGOR, the '.ORTGAGFE, its successors and assigns, may, without norice to the A10RTGAOR, dral wifh svch successor or wccessar in interest with reference to this ~~e.rgage and the d>bt he~eby secured in the same manner as with Mort3agor without in any way vitlating or d~scharg~ng the Mortgagors' liability here- ~~~.der or upon the debt hereby secured. No saie of the premises hereby mo+tga9ed and no forbearance on the part of the MORTGAGEE or its sutcessors or assigns and no eatension of the time fw the payment of the debt hereby secured giver. by the MORTGAGEE or its successors or ass~gns, aiiall operate ro release, d~scharge, modify change or affect the original I:ab~lity of the MORTGAGOR herein, either in whole or in part. 10. 1t is speu4ically agreed that time is of the essence of this contract and that no waiver of any obl~ga~~on hereunder or of the obligation sr c~red hereby shalf at any time thereafter be held to be a waiver of the terms hereot or ot the instrument secured herby. 11. In acid t~oa to the forego i:g rncnth~y payments of princ pal and interest req~~red by the prom~sscry nore secured hereby, mortgagor covenants ard agrees to pay ro mortgagee •xith each monvhiy payr.:ent an add~rional s~m ese:mated 6y mortgagee to be equal to 1~ 12 of the annual cost of the fo!!ow- . A-AIt real property taxrs levied or assessed aga~•~st the above described reat esrate. B-P~e~n~ums on f~re and windstorm insurar.ce as here~n ~equ~red to be carried on the improveme~ts s~tuate on the above destribed premises. C-Prem~~rns on s~ch mortqage guaranty ~r.surar.ce as mortgagee sha~l from r~me to time deem fit to wrry on the loan secured hzreby. ~ Mortgagee shall from time to t~me norify mortgagor in writ~ng of the amount due and payable hereundtr and such sum shail thzreupon be due and able o~ the d~e aate of thr next month:y payment and each successive month tnereaftcr ur,fil mortgagee sha11 nonfy mortgagor af a change ir svch f _•.ount. Such soms sha:l be app:ied oy mortgagre toward the payment of real preperty taxes, insurance prem:ums, and mortgage guaranty insurance ;~~~em~ums. ; IN \YITNESS VYHEREOF, ~he said MORTGAGOR has hereunto set his har.d and seal the day and year iirst aforesaid. ~ ~ Si ned, Seated and e~aliveced~ in the presence of: / ~ ~ ~ ~ l 1~_ ~'~Gf~GGf~~L i3-~, (Seal) T t~~ _ tc~- t .:i. 4 t~- L~,"~ - c~-1i i- ~ (Seal) ~ l$eal) ? - {Seal) k ~ STA7E Of FLORIDA ~ ~ u- ~ COUt~tTY OF Lucie_ _ 1 ~ aefo.e me perwnally appea~ed Cla~dia C Sol li a widnw ~ to me well known and known to me ` the individual described in and who executed the fwegoirtg instrument, and ackrw~arledged before me that gh~xecuted the same fw the purposes ~ thArein expressed. ~ncF M+e taR}- - ~ ,~.ife~ Mrs ~ai~ --~~t s~P'~Me"a^~ PA~sre _ ciaartlYHtiCi a'W Ja{cin~SYpifilQ~~ i(liN ~MA ~M eM~ INMY~~Id? ~~AOw~+t~t~ ~Dbw~ ~O?~ ~II? wb1~1~~C1[!C!tlf~~ls+~l~~Maw+eAl~fee~!' Rwd ~rdwr y; ~1?~~?Ir~1hMdS~IM~lAMpelllAl~~eo+ral~efnt: ePP*eFRnste+~'ortE'er~of~TTfrfllfrfMTeR1'ff6lD3tRl~ • • WITNESS my hand and official seal this_ 13Lh day of De mber • :p_ ~y72 ~ f T - ~ 4_ . - ~ ' Notary P~blic in and for th7e Sf~etiof rid ' t:larg! f' My Comm~uion eapires: ~ ' Retum To: ~ + ~ - MO~tY,PUBl1~,ST~T~pf•~LpRI~?A at LARCE :r' First Federol Savings 6 loan Associanon C~MH$~I~,bl(p~sf$ $Epj. 'jrj, 1975 O~ ~orT P erce. , bonu"ed +B~1'Af11~t!C~1! 8a(11cClS IfISUfBOCe t:0. Fo~r P~rrce, F;orida ~ ~i `;ry This I~trument Prepared By Ronald L. Stutz FILED AfIC RECOR~€Q ~ . First Federal Savings & loan Association 3T.lUC1E COUMtY F~n• ~ rs of Fort Pierce, Florida ROCER P8ITRAS CIERK Ct~CU1T COURT Chec!ced By P~CORD VEP~ilEO i` ~~9 0~ Zy 8 3i wM'7I - 5Q0~ n4~i ;~4!~536 ' ~r : ~ ~ _ _ r _ . - . ~ ~ ~ ~ ~ - ~ ~ ' ~ ~ ~ _ ~ ~-s-~,~~~ _ -