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Home My WebLink About1007 • ~ . ~ S • ~ 3. To place and con~inuously keep o~ the bvi:dinge now or hereafter ~ituate on said Isnd ~nd on all equipment and per~onally covered by tfiis mw~g- age, with all prem~umt Ihereon pa~d in full, fire insurance in the uiuat standard pol~cy form, in a tum approved by the MORTGAGEE, and windsrorm ~nsurance in ~he usual s~andard pol~cy fwm, in a sum approved by the MORTGAGEE. in iuch company a ton+pa~~e~ a the MORiGAGEE ma~ d:rect; and all fire and windstorm insurance policiet on ~~y of said buildirps, ~ny intereu therein or pa~~ tFwreoi, in Ihe aggrega~e sum afueuid or in sxcess Ihereof, ihall contain thc uaual sundard mortgayee dause w ~uch other ctaus~ at 1he Mo~tgagee m~y reqwre, making the los~ u~der sa~d po~i- c~rs, each and every, payab~e ~o sa~d A10RTGAGEE as ib interest may appcu, a~d each and evr.y such policy shall be promp~ly a~s gned and de~i~ered ~o any held by sa~d MORTGAGEE furiher sccurity to said mortgaye debt, and, no~ leu ~Mn ten (10) days in edvance of ~he ezpiratio~ of each policy. ~a de- live~ to uid MORTGAGEE a renewsl thereof, tc~e~her with • rete~pl for the premium of tuch ranewa!; a~d Ihere shall be no f~re or winds~orm insurance plxed o~ ~ny of said buildin9s, ~ny i~+e.est ther~~n w part thereof, unlcu in tM form and with the lou payable a~ afwe~sid; en~ in the event any sum of money becomet payable undcr such policy or poticie~ ssid MORTGAGEE shall have the opt~o~ to rece~~e and apply the aan,e on accounl of ~ha indebted- ness secu.ed he~eby a ro permit said MORTGAGORS to receive and use i1 a any part ?hereof fw otner purpoaes, v.~~ho~t th.rcuf wa~~~:~~ o~ ~~»Pd~~- ;ng any equ~ty, lie~ or ~ight under w by virtue of this mors9age; ~nd in tM ~vent w~d MORTGAGORS ~hall tor sny reason fail to keep ~he sai~l premisr~ so insured, or lsil to deliver promptly ~ny of said ~~oticies of insurante to si~d MORTGAGEE, or fail prornptly to pay lully any pren:~uzn therefor or in any respect fail to perfwm, d~scharge, execute, elfect, complete, comply with ~nd abid~ by this cove~ant, or any part hercwf, sa~d MURTGAGEE may piacr ano pay far such insurance or any pa~t the~eof without waiving w affecti~+g ~ny option, lien, equity, o? right under w by virtue of th~s Mor~gage, and thc tui! amount of each and eve~y svch payment shall be immcdiately dus and psYabl~ +nd tha~~ bear iMe?es~ from ths date thereof until pa~d at the rau of nine per centum per annum and togeiher with suth inte~est shall be secured by the lien of this mottg+ge. 1. To permit, tommit or suffer no waste, impairment or deteriwation of said property o~ +ny part thereof. S. To pay all snd singulu the costs, charges and expenus, including a reasonable sttwney's fee and costs of sbstracts of title, incurred o? pa~d at any time by sa~d MORTGAG:E, because or in the event oi the failure on the P+rt of tM ssid MORTGAGOR duly, promptly ana fulfy perfwm, d~scharge, 4 zxecure, effed, complete, comply with and ab+de by each snd every the stipul~iions. agrrements, conditions, and cove~ants of said prom~ssory note and ~hi~ morrgage ~ny or either, and sa~d costs, charge~ and expenses, each and every, shall be immediately due and payable; wheihe~ or not there be ~o~ice dr mand, attempt to collect or suit Fending; and the full amount of each and every such payment shall bear interest from ~he da~e thereof until peid st the ~:~re of n~nz per centum per am~urn; and aIl said cos~s, charges and expenses ~ncurred or pa~d, together w~th such interest, shall be secured by tF`c lien of thl~ mortgage. ' 6. That (a) in the eve~t of any breach of this Mo+tgaye w default on the psrt of the MORTGAGOR, or (b) in the event any of aa~d sums of money ' herein referred to be not promptly and f~lly p~id within thirty (30) days nex~ after the same severatly become due and payable, withou~ dema~d or noeice, or (c) in tl+e evero each and every the stipulations, sgreemenn, cond~tions and covenants of sa~d promissory note and th~s mortgaye any w e~ther are nof iuly, promptly a~d fully performed, d~scharged, e:ec~~ed, effected, completed, complied with and abided Sy, then in e~ther or any such event ~he said ag gregate sum mentioned in said prom~ssory note then remsining unpaid, with interest acuued, and atl moneys setured hereby, shall become due and pay ab!e forthwith, a thereafter, ~t the option of said MORTGAGEE, as fully ~nd completely as il atl of the said sums of money were ori9inally stiputated ro be pa~d on such day, anything in sa:d prom~ssory note w in this Mertgage to the contrary notwithstanding; and thereupon or fhereafter a~ ~hc opt~on of sa~d MORTGAGEE, wifhout notice or demand, suit at law or in equity, there(ore or thereafter begun, may be prosecuted as if all moneys secured hereby nad matured pnor to its institution. 7. That in the event that ~t the beginning of w at a~y time pending any suit upos+ this Mwtgage, a 1o fwetlou it, or to reform it, or to enforce payment of any claims he~eunder, said MORTGAGEE shall apply to the Court having ju.~sd~ction thereof for the appointment of a Receiver, svch Court shafl Forfhwith appoint a receiver of said mortgaged property all and singvlar, includ~ng atl and singular the income, profits, iuues and revenues from whatever seurce derived, each and every of whrch, it being expresaly undcrstood, ia he.eby mortgaged as if speufically set forth and deu?ibed in the 9r~nring end hebendum dauses hereof, and suth Receiver shall have all the brwd and effedive functions and powers in anywise entrusted br a Court to a Receiver, and s~ch appoinrment shall be made by such Court as an admitted equity and a matter of absolute right ro said MORTGAGEE, and without releronce to the adequacy a inadequacy of the value of the property mw~gaged or to t1+e wlvency w insolvency o( said MORTGAGOR w the defendants, and ~hat such rems, profits, incane, iuues ~nd revenues shall be applied by such Receiver accord~ng to ~he lien or equity of said MORTGAGEE and the practice of such CouA. ' 8. To duly, promptly and fully perform, diuharge, exetute, effect, complete, comply wi~h snd abide by each and every the stipulations, agreements, ~ conditions and covenants in said promiaswy note artd this mwtgage set fath. " 9. That in the evenl the ownership of the mortgaged premises, or any part thereof, btcomes vesfed in a person other than the MORTGAGOR, the r.~.ORTGAGEE, its successors and assigns, may, without notice to the MORTGAOR, dea! with such successor w successor in intere:t with reference to this Tortgage and the debt hereby secured in the same manne~ as with Nbrtgagor without in any way vitiating or diuharging the Mortgagori liability herr under or upon the debt hereby secured. No sale of the premises hereby mortgaged and no forbearance on the part of the MORTGAGEE w its successws o~ ass~o~s and no extens~on oi the time for the payment of the debt hereby secured g~ven by the MORTGAGEE w its successors or auigna, ahall operate ro re!ease, d~scharge, modify change or affect the original liability of the MORTGAGOR lierein, either in whole or in part. 10. It is spedfically agreed that time is of the essence of th~s contract and that no w~iver of any obligation hereunder or of the obliga~ion sr <:,red hereby shall at any time thereafter be held to kx a waiver of the terms hereof or of the inst~ument secured l~erby. > i I1. In add~rio~ to the forego:~g monthly payments of princ pal bnd interest required by the promissory nore sec~red hereby, mortgagor covenants i jnd agrees ro pay to mortgagee with each momhly pay.nent an add~~ional sum esGmated by mortgagee to be equal to 1/12 oi the annual cost of the follow- ;,g: A-All real property tax~s levied or assessed against tF~e above deuribed real estate. B-Prrmiums on fire and windstorm insurar,ce as here~n requ~red to be carried on the improvements situate on the above described premises. C-Pre~niums o~ such mortgage guaranty insura~.ce as mo~tgagee shall from t~me to ti~ne deem fit to carry on the loan secured hereby_ i Martgagee shat! from t~me to time notify mortgagor in writing of the amount due and payable hereunder and such sum shall thereupon be due and i , ~yable on the due dare of the nezt monthly payment a~d each successive moeth thereafter ur~il mortgagee shall nmify mortgagor of a change in such a:ount. Such sums sF.ail be applied by mortgagee toward the payment of real property taxes, insurance p~em:ums, and mortgage guaranty insurance oremiums. ~ IN Y~ITNESS `lJNEREOf, the said MORTGAGOR has hereunto set his hand and seal the day and year first aforesaid. ' igned, Sealed and delivered in t presence of: ~ ' ~ _ / ' Se+h ~ lvin B. Shaf ne ~aq ~n- ~ ea~? ~ + A elina Shaff r ~,i3 M ~ - ~ S7ATE OF FLORIDA ~OUNTYOP St. Lucie ~ ~ i ~ Before me personaUy appeared Melvin E. Shaffner and ~ ~ ~igelina Shaffner his wife, to me well know~ end known to me to be i the individuals described in and who exec~ted the foregarig instrument, and acknowledged befwe me that they executed the same for the purposes ~ rherein expressed. And tbe said Angelina Shaffnez ~ ~ r:~fe of the said Melvin E. Shdffri6T oQqn•~ separate and private # f;~ e.aminat~on by me taken separate and apart from her said husband, atknowledged fo and before me that she executed said; ~Irdment frcely and,v{~tun- ~ ~ar~iy and without any compulsion, constraint, appre nsi n,_ pt fear of w from r sa' husband. ' ~ " ? , A. D. a97~ WITNESS my hand and official seal thi , dsy of _ ; ~ 246451 ~ Not Pub~ic in snd i t $fqie "of F{orida ~t liig! p My Commission expires: ~ • • _ Retum To: fitEO ~H ~ •'EMTr ~U. S1. LUCI£ OU ~ ~ ' ~ ' , "=x first federal Savings b losn Associat~on ROCE~ ?OfT~AS . T COtlftT f Of Fort P~erce. CIE~K C;i:.,Ui Rt~~.~~ y~ 1/" . ti; Fort C~erce, Florida ` TM~ 3 ts PM' ( 3~ Y - Jar~ t~l - - This Instrument Prepared By John W. Collins _ First Federal Savings & Loan Association ' of Fort Pierce ~ Flor ida - z:: Checked B~'*~ ~,i ~t;;~ ~ti''_ ~ ~t ~z~o ~i ~ a~~~ oo~ ~ y ;3 ~ _ ~ ~ 't~ ' ~ ~,c+'':'a' . _ " , - _ .a.~i~'P~