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Home My WebLink About5579 3. To placa and continuously keep on ~he b..~ d•~.gs nox or hrreahrr s~~~~te on s:,~d iand and on a'~ fq~~p~~~2~~ drd P~IS~~d~~y cove~ed by th~s ma~g• w~ih aU orem~~:ns d~~reo~ p~ J ~n fu~l, firc ins~ro~ur ~n ~1~e ~s.,al s!~~~dxd po:~cy form, in a wm aHNro.ed by the h10R~uAGEE, a~~d w~~~Js~orm ~nsurance in the us~al stardard ~o:.cy ior~n. ~n a wm a~.~~rovrd by the A!ORTGAGEE, i~ such Co~np~ny o~ cornpanles as ~he MURiGAGEE may u~~ecr, and all (ne a~.d w!ndi~crm ins~rance poi~ues on a~y of sa+d bu~~d~ng~, any intzrast there~n or part thereo~, i~i the aggrega~e su~n aforesi~d or in excess thereof, shall :ont,~n the usvsl standard ~no~~y~g~ ua~se or wch oiher c~ause as the Mortyagee may req~.re, n~al.~ng ~1~e ~css ~nJ~~r ~.,~J poli- c~es, each and every. pay~b:e ro sa~d :'.JRiGAGEE as :ts ~~~t~•r~-at may appear, a~~d each and every wch po::c~ s~:~il be promp~~y ass g~~~~d a~d dz~~v~r~d ~o eny held by sa~d MOR:"AGiE as fur~her sec~~~ty ro sa~d ~~~ori9a~e d~bt, a,:d, no~ 'ess ?han ~en ~101 djys i+i ad.a~~ce oi ~he ex~:~~ot~on o9 cach po~~cy, to de- fver to sa~d ~~1QRTGAGEE a renevioi fhGlzOf, toge~her vvith a rece~pt for the p~r~nium of such renev.a'; and ih~•rz sha~l be no f,re o~ K.~~OSSG'~1~ u.s~rante placed on any of said bviid~ngs, any inreres? there+n or part thercof, ~n!ess ~n ihe form and wnh the foss pjyable as afc+esaid; and ~n the event any sum of money beto~~ts payab~e undrr s~ch Noticy or po~~uas sa~J AtiORTGAGEE sh;~i h~ve ~he opr.on ro rcce~.e a+~d opN!y t~,e san,e on ac:oun~ ot ~he i~~d..•bt~d- ness aecurrd hrreby or to pem,~t se~d AAORTGAGO~S ~o recr~va and use it a any par~ d:~~:oof ~or e:~;. • Hur. :;s,s. :.,~~:+.:t ~f~ , r ~~.p.:~.- ing any equ:ty, lien or :~h+ ~~.+d~. or by vi~tue ot th~s mor'gagc; and i~ the ev~nt sa d 410RiGAvORS sha!~ :or any reason fa~l to k~ep the sa~d pre~nis~s so ~na~red, o~ fail to de:~v_r pro~.~pNy any of sa~d pol.e:es of ~~surante to aa~d MURIGAGEE, or fa~t p:o~npriy to Eay f.,lly any pr~:~,~~m ~hrre!or er in ~•~y rrspect fail to perform, d.scharge, ex~~c~}r, efted, compte~e, co•nply w~rh and ab~de by th~s cove~.~~~t, or any p~r~ h,reef, sa~d MG2T;,.~GEE may p~ac~~ a~u p~y for such insurance or any part thereof wrthout wai~i~g or affccting any o~t~on, lien, eqv:ty, or ri~M ur.de~ or uy v~rtue of ih~s h',ortyaga, and the ~~fl amo~n~ of each and e.ery wch payment shall b~ ~minedia!ely due and payab!e and shall brar interrv Irom iFrr date rhereoi unril Fc,~d at The rate o~ ~~~ne per tzntum per annum and to~rthr~ w,i!h suin in`rrest sha~~ be sacurcd by !he lien Of lhia mOrtgagc. 4. To pe~mit, commit or suffer no w3ite, impairment or detrr~orat~on of sa~d property or any part thercoi. S. To pey atl and s~ngula~ the costs, chargrs and eapanses, indudin~ a reasonable attomey'a fee a~.d costs o1 s~~s~rocts of title, incurred or paid at ;ny tir~e by sa~d MORTGAvEE, because or the event of th> Sa;lure on the part of Ihe said MORTGAGOR to d~ly, pro ~~µtty ar.d fu'.ty pr~ionn, d~uharge. ~.•,c~re, effect, comptere, co~~~p~y w:~h and ab dr by ea:h a~d every the stipulat~ons: ag~eemants, cond~t~ons, and covenants o~ so~<i Y:o~n~ssory nofe a«d iF.1s „ongage any or eithe~, and sa.d costs, charges and expenses, each and every, shail be immrdietrly d~e and payal:e; ~nhether or not there be notace d> m,nd, attempt to collect or suit pend:~ig; ard the tvl! amovnt of each and every such patmrni shall bea. im~~res~ from ~he dare thereof until paid at the of nine per cr+~tu~n p~•r aniw •r ~~~c: e~t sa~d wsts, chsrycs and rap:<nses inwrred or Neid, toyrther w~th such interest, shal~ be sew~ed by the i~rn of ih~~ mortgage. b. That (a) in the evrnt of any breach of this h5ortgage or defau;t on th~ pa.t of the MO~TG.~GOR, or ;b) in the event any of sid sums of money harein ~eferred to be not promptty and fu!{y pa~d ~v~ih~n th~rty ~3J~ da~s next a~rer the sa~:~e s~.era'ty beccme due and payable, w~ti~o~t demand or no~~ce. in tha ~v?nt each and every the st~Nu!otwns, agreen~rnts, cor.d,t~ons and tovenants of sa d Fromissory note and th~s mortgage any or e~ther are not ~ j~;y, prO~nptly and fuii~ perfo:~.~ed, d.scharged, exewr~~d, effecsed, compEeted, compl,ed w~ih ar.d ab~d~~d Sy, then in e~~rhe: or any wch event fhe sa.d ag- ' 3 egate sum meneioncd in sa~d promnsory ncte thrn rcma~nin9 unpa~d, wirh infrre,~ accr~ed, ond a.l moneys sec~r~d hereby, sfiall betome d~e ard pay n~;e fo~~hw~rh, or theraa(ter, at the opnon of s.~~d h10RiGAGEE, as f~i1y and co~.~p:erery as if aIl of ihr sa,d s~~~s of money were or~g~na:ly sr~N~!ated c be pa:d on wth day: anything in sa.d pro:n~ssory note o~ in this Mortgage to the conrrary noth~ithst~nd::~g; and thereu~:on or thereafter at the oF%t~on o4 s,:d MORTGAGEE, wishout no~~ce or demand, suit at jaw or in equ~ty, ihereiore or ti~ereaffen c~yun, may be prosecv~ed as if all monrys sec~red hereby r_d mawred pnw to ~ta mstitut~on. y 7. That in the event that at the teginning ef or at any time prnd~ng any su~t upon this Mortgage, o~ to foreclose it, or to reform it, or to enforce pa~mem of any c?aims hcre~nder, sa~d h50RTGAGEE st,all appiy to the Ccurt hav~cg ~ur~sd~aion the~eofi for thz appo~ntment of a Receiver, such Cow~ shail tcr.hwith appo~nt a receiver of sr~d mortgayed prope~ty a~l and sing~:ar, inc~~d.ng all and s~ng~la~ thr mcorne, prof~ti, iss~es and revenues from wh~te~er s. ~:ce derived, each a~d every ot •r,h:ch, it be~ng express!y unders~cod, is herrby mertgaged as ~i spec~f~cat:y set iorth and describad in the grannng and h.abe~id~m cla~ses hereof, and wch Receiver sha~i havr al1 ~fie br~ad and eifctirl~e funcf.ons and poweri in aryw~sz entrusted by a Covrt to a Rcc~~.er, and s_:h appointme+v shz!~ ~ made by sUCh Court as an ad;nitted equity and a n:atter o'. abso:ute r:ght tc+ sa~d A'~URTGAGEE, and wi~hout reference to the a~_quaty or inadeq~aty ot the aa~ue o{ the property mwrg~ged or to the so.vency or ~n<o:.ency of said N,ORiGAGOR o~ the d~tendants, and th;t s~ch r,•~rs, profits, income, issues and rever.~es shali be app,~ed ty such Recriver accord.ng to the ~ien or equity of sa~d h10RTGAGEE and the praUice of such Court. B. To duly, prompt'y and lu~iy per6orm, d~s-ha~ge, exec~te, efiect, complete, comp~y wlth and abide by each and every the st~pvlations, agreements, o~r~ditions and covenants ~n ss~d pro:mssory no'e and ~hfs mortga~e s~t forth. 9. That in the event thc ownership of the mortgaged prcmnes, or a:~~ part tnereef, 6ccornes vested in a person other than the MOR7GAGOR, ihe Y~RTGAGEE, its suttessora and asvgns, may, ,r.I~heur ncn,e :o the ~.tORiGao4, deal with such successor or successo~ in ~nterest ~vith rcference to th~s -~tgage and the d•_b~ he~eby secured in tne sa~ne m3<<ne~ as vv~~h ,'or~~agor without in any way vit:ating or d:scharging tfie Mo:rgago:s' ~iabii~ty her~ ~:der or upon the debt hereL~~ secur~d. tdo sa~<_ of the Fre•~,~ses h,reb~ mortgaged ar.d no forbearance en the part o~ tne !1!ORiGAGEE or i!s successors c• ess~gns and no ea~ens~on of rhe t~me for ~he paymern of rhe debr h=~eoy securrd g~ven by tne NORTGAGEE or i~s wccessors or ass:gna, ~~~ali ope:ate ro reiease, d~scharge, mod~fy change or affect the o~i~~nal liab:~.ty of fne 610RTGAGOR h.erein, either in whole or in pa~t. 10. It is speuficaiiy agreed that time ~s of the essence of this conrract artd that no waiver of any obligation hereunder or of the obligation se- c_red hereby shall at an~ tlme thereafter be he:d to be a wa~ver of the terms hereof o~ 01 the instr~ment secured herby. 11. M addn:o~ to the forego:ng •nomh:y ;:ayrnenrs of prin: , a! and interest requ~red by the prom•ssory nete secured hcreb~, mo~tga~or eovenants agr~es to poy to n:or!gagee +~!fi each ~n,.r.~F~:y Nar . ent dn adJ. ;onai su~n rs!:n ~~ed b~ mortg~gee to be equa~ t~ 1, 12 of tlie annual cost oF the foilrx- •.3: A-Ali real p;cpert~ taxes te•n_d e• asses:_~.i ag+; s: sl,,. acove da•s:~i~.,d r_al es'.~re. g-Fr~>o:.~:ns o~ 4u~: a::d ...::uzr;:::r: .r:s_:s.ce as i:_r_;n reG~.._d to be ta•,.•d c~~ ~F~.• ;;ro~eme~ts s'tva!c, on tl:,, abo~e d_sc~;L,d premises. i C-Pre:n;u r's o? such ~-o~t~:;ge ~uaranty ~r.s~rai ce as mo~rgagee s%~i~l frcm t~ne to ti~r,~ d4em fn to carry on the loan secured hereb/_ ~ AM1ortgagce s~a i j~c~n t~~nr tc ti~.e ~~o'•f; ~r.atyagor ,n xrit~ng of the a~::o:•~t due and payable hereundar and such su~n shall thareupon be d~e and - ~ ..~b!e on tF.a du_• ca!e oi +i~= rext mon'h:~ po;n,a~:t a~~d e~ch svccessive ~onth t~ereafte~ ur.tii mortgagee sha!t ~otfy matyagor of a change in such o~nt. $vch s~•r.s 5~+.' ce a;~p ~rd i,y mor}go_•~e tor,a•d ti:e F,aymrnt of re,i prcperty taaes, i ura.xe p~em.ums, and mortgage g.+aranty ~nsurance j .~•r~*+iums. _ ~ IN `;:1TP~E~S :':HER~OF, tne sa•d '!'~ORTGAG~~9 has hereu•:to set h~s h3nd and seal the da year first afor a~d. , ~ _ Sig~ed, Sealed and de;~vergd in the presence of: ~/y~ /1 / ~ ! V ~ C~(~ Seal) ~ v _Donald H. DeMeulesLa singl~~ai~ a a(~Ult (Seal) ~ ~ - lSeal) € i ~ ~T:.~.TE OF FLORIDA ~ ~ ~JUfJTY Of $t . Lucie ~ ~ ~ Before me persor.aliy appeared Donald H. DeMeules, a single adlllt ~ ~ u . , to me well known a~d known to me to be ~ rhe individuat described in and who executed the foregoing instrument, and acknowledged before me lhat he eaecuted the same fw the putposes ~ ~ th~rein expressed. ~ ~ Y - ~ . • -y~ ~ y 73' - WITNESS my hand and offic~al seal th~s_ _ day of ~ Januar _ t~j 'p~ ~q . 3 ' ~ C=C~c'~4~~~ J / I ~ _ ~ j Notdry Pub~~c in and for the St of lor t Ler~' : ; ~ A1y Comm~ssion expires: / - • ~T ` ~ Retum To: - ~f, j • ~,~L • ` First Federa~ Savings S Loan Assoc~ar.on r; •V • . ~ ..rt P. .-~repv,..rr' . . ..`~~K~C!!C~ ~~~E . . .n - Fort P;~ .e. F. ,J, , . . . . 'S fIlEO AM~ qECUR0E0 ST. ~UCIE COUNTr FLA. This Instrument Prepared By John W. Collins ROCER POITRAS , ~ First Federal Savings 3~ Loan Associatian CLERR CIP,CUIT COURT of Fort Pierce Florid~ RECOR~ VEP.tF1E0 _ , Checked BY ~ ~0 4 0~ PM'13 ~•:3 - 245388 °ooK~09 ~acE2569 w- ~ _ v ~ ~ v~..-~c.. _ ~ .