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Home My WebLink About0838 9. To place end continuuusly keep on the bu~!dings now o? he~eafter ~itua~s on said land and on all equipincnt and personally Covered by this mortg- ege, w~ih aIl premiums ~hrrcon pa~d ~n full, fire i~surance in ~he u~ual s~anderd poGcy form, i~ a sum approved by ~ho MOR~GAGEE, and w~ndstorm insvrance in the usual standard po~~cy form, in a sum approved by the MORTGAGEE, in such company o~ co~npan~es a~ Ihe MORTGAGfE may direth and all fire and windstorm insurante po~~cies _on ~ny o( said bu~ld~ngs, any inleres~ therein or pa~t thaeof, in the agg~egate sum aforesa~d a in axcess ~hereof, ~hall contain the usual standard mori9a9ee clause or such o~her clsuse +s 1he Mafgagea may req~~re, maAing the Ioas undrr sa~d poli- cies, each and eve~y, payab~e to said h10RTGAGEE as ~ts interrst may appear, and eacfi and every s~th pot~cy ~hall tx promptly a~s g~~ed and del~ver~d to any held by ssid MORTGAGEE sf fuither set~rity to said mwtgage debt, and, nor leu than ?en (10) days in advance oi ~he ezpiraf~on of each policy, ~o dr I~ver ro said MORTGAGEE a renewal ~hereaf, toge~he~ with a rece~pt iw the prem~um of such rene•~al; and ~here ahatl be no f~re or w~ndaeo:~n inivrance placed on any oi said buildings, •ny interest therein or part thereof, unless in the form and with the loss payable as afo~esaid; and in the event any sum of money becomes payable under sLCh policy w po~~c;es said MORTGAGEE shatl have the opf~on to recr~ve and apply the same on acco~nt of the indao~ed- ness secured hereby or to permit sa~d AiORTGAGORS ?o receive and u~e it a any par~ thrreof for oti~c~ ~;urF~oses, w~~ho~t ih~~~ or >3 c~ ~~~~a~~r• iny any equ~ty, I~en a r~ght undrr or by virt~e of this mo:sgage; and in the evenf ss~d MORTGAGORS shall fo~ any reason iail ~o keep the said premisrs so insu~ed, w iail to deliver promptly any of said po~iciei oi insurante to ta~d MORTGAGEE, w tail promptly ~o pay fully any premiuin therrfo~ or in any respea lail to perlo~m, d~scharge, exrcute, effect, complete, comply wi?h and abide by ~hls covenam, w any part hrreof, said MGRiGAGEE may p~ace a~~e pay fw suth insurante w any part thereof withoul waiving or afiecting any option, 1ien, tquity, or right under or by virtue of this hlortgage, and the ful~ amount of each and every such payment shall be immcdiately due and payable and shall bear interest from the date the~eof until pa~d at the rate ol nine per c~nium per artrtum artd to~eiher with such inteiest sha~i be secured by the lien of this mortgage. To permit, commN w suffer no waste, impairment or deirr~orat~on of said p~ope~ty or any part thereof. S. To pay all a~d singular the costs, chargcs and expenses, including a reasonable attorney's fee and costs oF abstracts oi ~itle, incurred or pa~d at any time by sa~d MORTGAG:E, because w~~ the event of the failure on the part of the aaid MORTGAGOR to duly, prompNy and fully perform, d~scharqe. exPcute, elFect, compiete, comply w~th and eb:de by each and every the st~pu~atrons, agreements, conditions, and covenants of said promissory note and ~his mortgage any or ei~he?, and sa~d cosn, cha~ges and expensea, each and every, shall be immediatety due and payable; whe~her or not there be nor~ce dr mand, attempt ro co~lect a suit pending; and the (u!t amouN of each and erery such payment shall bca~ interest from tFx date thereof uotil paid a~ the rate o~ n~ne per crntum prr annurn; and ail said tosts, charges and expenses int~rred or paid, together w~th such uiterast, shall be setured by ~he lien of thi~ mwtgage. 6. That (a) in the event oi any breach of this Mwtgage or default on the part of the MORTGAGOR, o~ (b) in the event any of sa;d sums of money herein ~eferred to be nat promptly and fully pa~d within thirty (30) days next aiter the same seve~ally became due and payable, without demand o? notice, or (c) in the event each and every the stipulations, ag.eements. cond~tions and~ covenants of sa:d promissory nose and th~s mortgagc any a either are nof ~uly, promptly and f~Ity performed, d~scharged, executed, effectcd, completed, complied with and ab~ded Sy, then in either or any s~ch event the sa~d ag gregate sum mentioned in said promiuory note the~ remaining unpaid, with interes~ accrued, and a11 moneys secured hereby, shall become due and pay ab!e forthwith, o~ thereafter, at the option of said MORTGAGEE, as (ully and completely as if atl of ~he said s~ms of money were or~ginally st~pu:ated to be paid on suth day, anylhing irt said promisswy note or in this Mwtgage to the controry no?witha?anding; and thereupon or thereaf~er at thr op~~o~ of sa:d MORTGAGEE, without notice or demand, suit at law w in equity, therefore o~ thereafter begun, may be prosetuted as if all moneys secured hereb; nad matured pr~or to ~ts institution. 7. That i~ the event that at the lxginning of or st any time pending any suit upon thia Mortgage, w to faeclose it, or to refo~m it, or to enfo.ce payment of any claims hereunder, said MORTGAGEE shalf apply to the Cou~t having jurisd~ction thereof fo~ the appointment of a Receiver, such Gwnt shall rc:thwith appoint a receiver of said morlgaged property all and singular, inctud~ng all and s~ngu!ar the income, proflts, iss~es and revenues Irom whatever source derived, each and every of wh~ch, it be~ng expressly understood, is hereby mortgaged as if speuRei~ly set forth and deu~ibed in the grant;ng and habendum clauses hereof, and such Receiver shall have all the broad and effective funct~ons and powe:s in anywise emrusted by a Court to a Receiver, and s..ch appoiNment shall be made by such Court as an admiited equity and a ma?ter oi absolute right to sa~d MORTGAGEE, ar+d w~thout reference to the adequacy w inadequacy of the val~e of the property mo~tgaged or to the so~vency or insolvency of said MORTGAGOR w the defe~~dants, and that such rzn~s, profits, income, issues and ~evenues shall be applied by such Receive~ accord~ng to the lien or equity of said MORTGAGEE and ~he practice of such Court. 8. To duly, promptty and fully perform, discharge, execute, effect, complete, comply with •nd abide by each and every the stipu{ations, agrerments, conditions and covenants in sa~d promissory oote and thfs mortgage set forth. 9. That in the event the ownership of the mortgaged premixs, or any part thereof, becomes vested in a pe~wn other than the MORT,riAGOR, the ~tORTGAGEE, its succeswrs and assigns, may, without notice to the MORTGAOR, dcat with such succeuor w successor in interest with reierence to this mo~~gage and the deb~ hereby secured in the same manner as with Mortgagor without in any way vit:ating w discharging the Mo~tgagori liability herr unde~ o? upon she debt hereby secured. No sale of the Fremises I+ereby mortgaged and no forbearance on the part of the MdRiGAGEE or its succeswrs or assigns and no exte~sion of the time for the payment of the debt hereby secured given by the MORTGAGEE o~ its tuccessors or au~gns, a'nall operate to release, d~scharge, modify change or affect the orginal liability of the MORTGAGOR Ixrein, either in whoie or _irt part. 10. It is spec~fically agreed that time is of the essence of this contract and thal no waiver of any obligation hereunder w of the obligatw~ se- c~red hereby shafl at any time thereafte~ be held to be a waiver of the terms hereof w of the instrument secured herby. 11. In add:tios ro the fwego:~g morohly paymenfs of princ'pal and interest required by the promissory no+e secu~ed hereby, mortgagor covenaMs and agrees to pay to mo:tgagee with each monthly pay~nent an add;rional sum estimared by mortgagee to be equal to 1,' 12 of the annual cost of the follow- ,~g: A-AII real property taxrs le+ied w assessed againsr fhe above described real estate. i B-Premiums on fire and windstorm insuiarce zs herein requ~red to be carried on the :mproveme~ts situate on the above d_scribed premises. ! C-Premiums on such rnortgage guaranty insurar.ce as mortgagee shall frem t~me to time deem fit to carry o~ the loa~ secured hereby. Mortgagee sha!I from time to time not~fy mortgagor in writi~g of the amovnt due and payab?e hereunder and such sum shall thereupon be due and ! F.~yable on the d~e date of the neat month!y payment and each successive momh thereaft~r ur.til mortgagee shall notlfy mortgagor of a change in such ! a•~ovnt. Such sums shall be applied by mortgagee toward the payment of real property taxes, insurance prem;ums, and mortgage guaranty insurance ~ p~em~ums. + IN Y~ITPJESS WHEREOF, the said MORTGAGOR has hereunto set his hand and seal the day and ye fir aforesa~d. ~ Signed, Seated and d ivered in tM presence of: ~ ' ~ ' sl~ ' << . / Ra ond T. Bish ~ c~ai~ ~ ` .'i • U Seal) ~ ~ c''Y.~~-CO. "~L~~~~_(Seaq ~ Connie E, Rishop S%,TE OF FLORIDA t COUNTY OF St , Lucie i ~ eefwe me perwnally appeared Raymond T. R 15 h0[) a~ ~ ~onn ie E. B I St10p his wife, So me well known and known to me to be ~ rhe individuats described in and who executed the foregoing instrument, and acknowledged before me that they executed the same for the pu~poses rhe~ein expressed. And the said Connie E. B15hOp ~ ,~~fe of the sa~d Raymond T. B1Sf10p . upon a xparate and private e,am~nat~on by ma taken separate and apart from her said husband, acknowledged to and before me that she executed said instrument freely and volun- ~ rarity and w~thout any computsion, constraint, appre ns~on, w fesr of w from her said husband. ~~.L~C i J3nua r ' % 73 WITNE55 my hand and offiual seal this day of~ • y A- q• 19, ~ ~ q \ -f- ~"d.L_~~~ L f~ f/ ~ L~~f~~JC~ i N61ary Public in and for the Stat~~of florida,N•lsrge , VMy Commnsion e3Pires: . - ~r _ 1 a• a~: Return To: ' ? S . : . . ~ First Federal Savings 3 loan Associat~on ~ y NOTARY F'~Bt1C~gjq f~0 ~ ~~C~ ~ Oi Fort P:erce. r MY CG'.'Mlty!~ ~ r~+...~ ~ 1g75 'z~ s~;~o~a ~ E Fort Pierce, Florida p~•;. _ . ~ . I" : ~ ~ ~i r~ . ~ - RECOHdE~ ; : ? J ~ILEB ~K^ SL ~UC~f COtiNTY FU. . Q , This Instrument Prepared By John ti~'. Coll ins Fp;~ ~!TRAS ~ „ ~ - First Federal Savings 8 Loan Association Clf¢x C:t;GU1~ C8UR1 ,'=r~, REC~F'' ~`~'`?EU of Fort Pierce , F lor i dz y Checked B ~ Z~ ~L ~4 z4633s ~ aooK 210 ~cE 837 , ~i I ~ - - - - ~ ~c - L~~ h,,,' ,#~:..~n.~~~ s• ~-~='~::s~ ~ ° a - Y - -f~~~a~~Ci~~_ ~ z ~`ST5-~~ ~..~~?".~1%~ x{r~" r'~~-~ -