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Home My WebLink About1005 • L~.i . ° 3. To ptsce and continuou~ly keep o+? the bui!dings now w hareafter ~~~wte on sa~d land and on alt equipment and peno~~lly covercd by this mortg- ags, w~th ~II prem~ums thercon pa~d i~ (vll, firc iniurance in ~he u~u~l ttandard po~icy form, in s ium approvcd by ~he MORiGAGEE, and w~ndsrorm ~~suraRCe in ihe ~sual standa~d pol~cy (wm, in s sum approved by the MORTGAGEE, i~ iuch compa~y or compan~e~ as the MORTGAGEE may direcl; and aU lirs and wlndato~m insuraoce policie~ on ~ny • of ~a~d build~nps, ~~y inter~~t therein or pan thereo(, in ~6e aggrega~e tum ~foresald or in exteu ~l+ereof, thall contain the usval standard maega~ee clause w such o~her clavse tM Ma~gage~ may requ~re, makiny the loss unde~ sa~d poli~ c~es, each and every, payabie ro said tiIORTGAGEf as its interest may appear, and each and eve?y such poliq shall be promptly ass gned and deti~ered to sny hetd by said JNORTGAGEE ss fureher sccu~iry to uid mortpage debt. ~nd, nol leu thsn len (10) day~ i~ advance of the expir~tion of each policy, to dr live~ to uid MORTGAGEE a renewal rhereof, toge~Mr with a receipt (or the premium of ~uch ~enewal; and there ~hall bt no f;re or winds~v~~r insurance p~+ced on any of said buildings, any intero~t therein or part thereof, unleu in ~hs form and with 1he loss payable at afaesaid; aruf in ~he event any sum of money become~ pay~ble u~de+ such poliq or policies tsid MORTGAGEE shall have tha opt~on to receive and apply the same on account of the indebted- ness :ecured hereby o~ ro permit said MORTGAGORS Io receire and uss it p any part thereof for o~f~er pwpases, .vnhout ih~~~b,r .vai~~n~ or unpair- ing any eq~~ty, li~ or right ~nder w by virtue of this mo:'gige; and in the ~vent taid MORTGAGORS ahall fw any reaso~ fait to keep the said premisrs so ~~sured, or fail ro detiver promptly ~ny of said polK~es ot insu~ance to said MORTGAGEE, or fa~l promptly to pay fufly any premium iherefor w in any reipect fait ro perfam, discharge, execute, effect, complete, comply wi~h and abide by th~i covenant, a any part hr~eof, said MGRIGAGEE may piace a~~d pay fw such uuu~ance or any p~rt thxeof without w~ivinp w ~ffectiny any optioo, lien, equity, or right under a by virtue of this Alorrgage, and the full amount of each ar~d evrry suth paymenf shsll be immediately dw and payable and shall bea~ interest from the date thereof until paid at the ra~e ol n~ne (xr centum per annum and to~ether with such interest sAalf be secured by the li~n o( this mortpsge, 1. To pcrmit, commit ot suffer no waste, impairrtx~t or deterioration of said p~operty w any part the~eof. 5. To pay all and singular ~he costs, charges u+d expenses, induding a rcasonable anwney's fee and cosrs of ab:rracts of title, ;ncurred o~ paid at any time by aaid MORTGAGFE, bKause or in the event of tM failuro on the part of the said MORTGAGOR lo duly, promptly ~nd fully perfwm, d~scharge, ` >xecufe, stfect, comptere, comply w;th ar+d ab:de by each and every the stipula~rons, agreemenra, cond~tions, and covenaMS of said promiswry note and ~h~s mortgage any w eitha, and sai~ costt, chargp aru! experues, each and overy, shall bs immediately due and payable; whether w no~ tMere be nof~ce da mand, attcmpf to coltcct w suit pend~ng; and tM full amo~nt of each and rvery such paymenl shall bear inrerest from the date thereof until paid at the r. ~e of n~ne per cemum per amtiucn; and alt said coats, charges and expenses incurred or paid, together w~th such interest, shal! be ucured by the lien of this mortgage. 6. Tha1 (a) in the eveM of a~y breach of this Matgage w default on the part of the MQRTGAGOR, w(b) in the event ~ny of sa~d sums of money herein referred to be not promptly and fully paid within thirty (30) days next after ~he s~+++e severally become dve and payable, wiihout dem.and o~ notice, f e. (c) in the event cxh and every the stipulations, agreements, conditions and covenants ot sa~d promiuory note and th~s mor~gage any or either a~e not ~uly, promprly and fully performed, d~scharged, executed, effected, completed, complied with and abided Sy, then in either or any such event the sa~d ag- gregare wm me~tioned in u;d promissory note then remaining unpaid, wifh iroerest accrued, and all moneys secvred hereby, shall become due a::~ Fay- a~le for~hwith, or thereafte?, ~t the option of said MORTGAGEE, as fufly and canpktely as if all of the said sums of money were orginatly snputa~ed to be paid on such day, anything in said promiuwy note a in this Mortgage to the contrary notwithstand~ng; and ~he~eupon a the~eafte~ at the op~ion of said MORTGAGEE, withouT notice or demaod, suit at law w in equity, thereiore w thereaftcr begun, may be prosec~ted as if ail moneys secured hereby had matur~d pnor to its i~stitution, 7. That i~ the cvent that at the beginning of or at any time pending any suit upon this Mortgage, w to ~weclose it, or to reform ir, or to enforce paynKnt ol any claims hercunder, said MORTGAGEE shall apply to the Court hsving jurisdicrion thereof for the appointment of ~ Receiver, such Coun shall Forthwith appoint a receiver of said mortgaged property all aru! singula~, incl~d~ng all and singutar the income, prolits, iuues and revenues from whatever : source derived, each and every of whKh, it bein~ eapressly undersrood, is h~reby mortgaged as ;f spec;fically xt forth and desuibed in the gran~ing and habendum clauses Aereof, and such Receiver shall have ~II the brosd and effective funct~ons and powers in anywise entruated by a Court to a Receiver, and s~ch appointment thall be made by such Court as an admitted equity and a maner of absotute right to said MORTGAGEE, and without re(erente to the adequacy w inadequaty of ihe value of the property mortgaped p~ to the solventy ot insoiverKy of said MORiGAGOR q the defendants, and that such ~ r renfs, pro in, incane, iuues and revenues ihall be applied by iuch Rcceiver according 10 ~he lien or squity of said 1NORiGAGEE and the practice of such ? Court. ~ 8. To du! ? y, prampfly and fully perfwm, 3ischarge, exccute, effect, complete, comply with and abide by each and every the stipulations, agreements, ; conditiona and covenants in sa~d promisswy note and this mwfgage set fwth. ~ 9. That in the event the ownership of the mwtgaged premises, or any part thereof, becomes vested in a person other than the AAORTGAGOR, the # ,ti'•ORTGAGfE, irs :uccessws and assigns, may, wirhou~ notite to 1he MORTGAOR, desl with sucF+ successor w successw in interest with refere~ce to this ? mo~~gage and ihe debt hereby secured in the same manner as w~~h Mortgaga w~thout in any way vitiating w d~xharging the Mortgago~s' tiability here- under or upon the debt hereby secured_ No sale of the Fremises hereby mortgaged and ~o fo.•bearonte on the part of the MOR~GAGEE or i!s sutcessors cr assigns and no cxtension of the time for the payment of the debt hereby secured given by the MORTGRGEE o~ its successors w auigt~s, ahall operete ro release, discharge, modify change or affen the original liab~l~ty of the MORTGAGOR here~n, either in whole or in part. 10. It is spec~fically ayreed that time is of the essrnce of this contract and that no waiver of any obtigation hereunder or of the cbtigation ae- cured hereby shall at any tirrK thereafter be held to be a waiver of the terms hereof w of tix inslrument secured herby. 1 i. In add:~io~ to the fwego:ng monthly payments of princ'pal and interest required by the piom~swry note secured he~eb/, mortgagor covenants a~d ag.ees to pay to mortgagee with each monthty payment an addirional sum est~mated by mortgagee to be equal to I% I2 of the annuat cost of the foilow- <<~g:_ A-All real preperty taxes ~ev~ed or assessed against the above descri5ed real estate. B-Prem~ums on f~re and windstorm insurance as herein requ:red to be carried on the improvements situate on the above described premises_ C-Premiums on suth matgage guaranty ins~rance as mortgagee shall from time to time deem fit to carry o~ the loan secured hereby. Mtortgagee shalf fiom time to time notify mortgagor in writing of the amount due and payable hereunder and such sum shall ihereupon 6e due and € F:ayable on the due date of the ~ext monthly paymem and each successive mo~th thereafter urtii mortgagee shall notify rrwrtgagor of a change in such a^~:ovnt. Such sums sha~l be applied by mortgagee toward the payment of real property taxes, insurance prem;ums, a~td mortgage guaranty insurarsce p~emiums. IN YlITNESS WHERfOF, the said MORTGAGOR haa he?eunto set his hand and seal the day and year first afw id. ~gned. Seated and del' ed in presence of: ? ~ . C ' Sealj N (Sesl) • (Scal) - r B. n'n ~~,i~ STATE OF FIORIDA ~ c.our,nr oF St . Lucie - , Befwe me personally appeared Riehazd N. COf11QQ •$Z a~ ~ZOlyil B. COf11Ay bis wife, to me well known a~d k~owa ro ~,e•a be rhe individuals described in ar~d who executed the faegoinp inshument, and acknowledged befwe me that they executed the wr~s fw the purpQses rhe~ein expressed. And the said C3IOlYI1 B. Conin ~ ~ ~ -.~,.,fi. r.~+e or said Richasd N. Coning Sr . ~ . upqn a slparate aM'privat~ , e.am~nat~on by me taken xparate and apart from Fxr said huaband, ackrawledged to s~d before me that she exetuted saidjnstrumew`t f I~ICind ygtvn=' . ra~;ly and w~thout any computsion, const~aent, appre i ~ fear of oi from her said husbsnd. t , f~ ~ J • f : . WlTNESS my hand and officisl :eal thi JdI1 a~~ : . ~ - . _ fILE~ 4tiQ RECOROEO otary Pub~ic ~n f the State of Floilda.p~.lsrge; • My Commission e:pirt Retum To: ST. LU~IE COUMII' fLA. ~1~ ~ ' ~ ~ ~ First Federal Savings 3 loa~ Associatio~ ROCfR ~a~TRAS Of Fort P~erce. CIERK Gii?CUtT COURt ~ RE4~R~+ vEn F~EO.~.~ b fort Dierce, fforida ~ 1+1 3 26 PH'?3 ~ This Instrument Prepared By ,Iohn W. Collins First Federal Savings 8 Loan Association of Fart Pierce , F lor ida Checked B~? ~ eoo ~~210 ~~OQQ ~ , , _ ~ ~ - - . n . . . - . . - ~ _