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Home My WebLink About1325 3. To place and coroinuously keep oo Ihe bui:Jirys now or hereafter ~ituats on said ~and and on ali equ~pmenl and penonally covered by this mor~g- ege, wi~h all p~emiums thereon pa~d in full, fire insurance in the u~uai stendard policy form, in e tum appaoved by ?he MOR~GAGEE, and w~nduorm insu~ance in ~he usual ttandard pol.cy torm, in a sum approved by the MORTGAGEE, in tucA tomp~ny or compan~es aa Ihe MORTGAGEE may direct; •nd all firs and w~nds~orm insurance pol~uei on •ny of taid build~nqs, any int~r~st therein or parl thereof, in the agyregare sum afaesa~d w in excess thereoi, shall contain rhe usval standa~d mo,tga~as clause or such orher cl~use ~s the Mo.tgagee may requ~re, mak~~g tl~e loss ur.de~ sa~d polt cies, each and every, payable to sa~d MORTGAGEE as i~s interes~ may ~ppear, and each ar,d eve.y such poi~cy shall be promp?ly ass gned and deliverrd ~o sny held by satd MORiGAGEE further security ~o said mortgaqe deb~, and, no~ lass rhan ten (10) drys in advance of the expiration o} each policy, to da liver to said MORTGAGEE a renewal thereof, toge~her witA a rcce~pt for the premium oi such renewal; and there shall ba no f~re or w~nds~or~n ins~rance pl~ced o~ any oi said build~ngs, ~ny intere~~ therein a pa~t thereof, unless in ths form s~d with the iws payable as afore:aid; and in rhe event any sum of money become~ payable undev i~ch policy or poGcies said MORTGAGEE ihatl have ths oprioo to receive and apply the same oo account o( the indrb~ad- ness sccured he.eby w to permit said MORTGAGORS to reteive and use it p any part thereof fw o~ner purposes, ~v~~houf ~h~•~o~ wa~~~,~3 .;r u~:p~~~- irg any ~quity, lien w r~ght under w by virtue of this mo:tgage; and in the event ~aid MOR~GAGORS shall fw any reason fail to keep the sa~d premis:s so ~nsu.ed, or fail fo del~ver promptly any of said pol~cies of inauronce to sa~d MORTGAGEf, w fail promptly to pay fuily any pre~~~~um therefor or in a~y respect fail ~o peifwm, d~uharge, execure, efFect, comple~e, comply with and abide by th~t covenant, o~ any part hereof, sa~d MGRTGAGEE may pisce a~~e Pay iw such insurancs or iny parl thcreof without waivirg o? aftecting a~y pption, Iien, equ;ty, or right under or by virlue of this Mo~tgage, and tht +ull amovnt of each and every such payment shall be ~mmediately due ~nd payable a~d ahall bear interest from the date ~hereof umil pa~d at the ra+a ot n~ne per cent~m per annum and to,~erhrr with sach interest shalf tx secured by the lien of this mortgage. 1. To permit, commit a sulfer no waste, impairment w deterioration oi said property or any part thereof. 5. To pay all and singular the costs, charges and expenus, including s reasonsble attaney i fee and costs of abat~aas of ti~le, incurred or pa~d at any t;me by said MORTGAGfE, because or in tl+e event of the failure on the part of the said MORTGAGOR to duty, promptly and fu11y perform, d~scharge, execure, etfect, complete, comply w~th aod ab~da by each and every the stipulauau, sgreements, cond~tions, and covenants of sa~d promfssory note and ~his mortgage any w ei+her, and sa~d costs, charges and expe~ses, each and every, shall be immedia~ely due and payable; whether w not ~here be noT~ce dr mand, attempt to tollect or suit pending; and ths full amounf of eath and every svth paymant shall btas interesf from ~he date thereof unti! paid af the ~~,fe ot nine per crntum per annu:n; and all sa+d costs, charges and eapenses incurred or paid, together wdh such iRterest, shall be secu.ed by the lien oi this mortgage. 6_ Thst (a) in the event of any breach of th~s Mutgsge w defaut~ on the parf ot the MORIGAGOR, or (b) in the event any of satd sums of money herein referred to be not promp~ty and fully paid wiihin thirty (3p) dsys next af~er the same xve~ally become due and payabte, withaut demand or notice, or (c) in the event each and every ~he stipulations, agreements, cond~tions and covenants of sa~d p~omissory note and th~s mortgage any or either are net ~uty, p~omptly and Fu11y performed, d.scharged, execured, effecred, completed, compl~ed with and ab~ded by, then in e~ther or any 3uch evenf the sa~d ag grega~e sum men~ioned in said promissory note then remaining unpaid, with inre?est accrued, and a!~ moneys secured hereby, shall become due and pay- able forthwith, w thereafter, at the option of said MORTGAGEE, as iutly ard comptetely as if al! of the sa+d sums of money were or~gina!ly st~pu:ated to be pa~d o~ svch day, a~ything in sa:d prom~ssory note or in this Mortgage to the conerary nofwithsranding; and ~hereupon o~ tFtereafter a~ the op~~on of sa~d MORTGAGEE, w~thout noTice o~ demand, suit at iaw a in equity, therefore or thereafrer begun, may bs prosecuted as if all moneys secured hereby nad maw~ed pnor to ~ts instirution. 7. That in the event that at the beginning of w at any time pending any suit upo~ this Mortgage, or to faeclox it, w to reform it, or to enforce paymero of any ctaims he.euoder, said MORTGAGEE shall apply to the Court having jurisd~ction thereot for the appo~mm~nt of a Receive~, such Covrt shall furthwith appoint a receiver of said moregaged propeny a!! and singulsr, includ,ng all and s~ngular the income, profits, issues and revenue~ from whate~er se~.ce derived, each and every of whkh, i~ being expressly understood, is hereby morigaged as ~f spec~fically ut fwth and desuibed in the grenring and habend~m clauses hereof, and sucf+ Receiver shall have all ~he tuoad and effective tuncr~ons and powers in anyw~se entrusted by a Cou.t to a Receiver, and s~ch appuintment shall be made by such Court as an ~dmitted equily and a matter of absotute right to sa~d MORTGAGEE, and without reference to the adequacy or inadequacy of the value of tl+e property mortgaged w to the solvency or ;nsolvency of sald MORTGAGOR w the defendants, a~d that such ; e~rs, profirs, income, iuues and revenues shal! be applied by such Receiver sccording to the lien or equiry oi said MORTGAGEE and the practice of such CouA. 6. To duty, promp~ly and fully perfwm, discharge, execute, effect, complete, comply wirh and ab~de by each and every the stipu:at~ons, agreements, conJitions and covenants in sa~d promissory note and this mortgage ser fo~rh. 9. That in !he event ?he awnershlp of ?he mortgaged premises, w any parf thereof, becomes vested in a per~n other fhan the MORTGAGOR, the M.ORTGAGEE, ;rs successors and assigns, may, wi~hout no~ice to the MORTGAOR, deal with such successw a successor in interest wiih reference to this Tortgage and the debt hereby secured in the same manner as with Mortgagw withouf in any way vitiatir~g or discharg;ng ihe Mortgagors' liability here. under w upo~ the debt hereby secured. No sale of the Fremises hereby mortgaged and no forbeara~ce on the part of the MORTGAGEE or its successws or ass~gns and no extension of fhe ?ime for the payment of the debt hereby secured given by the MORTGAGEE or its successws or ass~gns, ahalt operate ro re±ease, d~scha~ge, mod;fy change or nffec? the original liab~~ity of the MORiGAGOR herein, either in whole or in part. 10. It is spec~fically agreed that time is of the essence of this co~tract and that no waive? of any obligation hereunder or of the obligation se- cured hereby shall at any time tnereafter be held to be a wa~rer of the terms hereof ot of the instrumeM secured he~by. 11. In add,rio:~ to ihe fwego:ng mo~ehly payments of princ pal and interest required by the prom~ssory note secured hereby, mortga~or covenants end agrees ro pay to mortgagee with each mo~thly payo,ent an add~iional wm esnmated by mortgagee to be eq~al to lj 12 of the annual cost of the follow- ing: A-All real prope~ty taxrs levied o~ azsessed agai ~st thc a6ove described real esta~e. ~ B--Przn,~umz on fire and v+indstorm inw~ance as here~n ~equ;red to be carried on the improveme~ts situate on the above described premises. C-Arerri~ms on svch mortg~ge gvaranty insurar:ce as mortgagee shall from time to lime deem fit to tarry on the loan secured hereby_ Mortgagee shall from t~rne to time not~fy mortgagor in writ~ng of ths amount due and payab~e hereunder and such s~rn shall thereupon be due and csyable on thr d~e da~e of rhe next month:y payment ar.d each successive month thereafter ur.til mortgagee shaii notify mortgagor of a change in sucK a•:ount. Such sums shail be appiied by mortgagee toward the payment of real property taxes, insurance prem:ums, and mortgage guaranty insurance oremiums. IN V1ITNESS WHEREOF, the said MQRTGAGOR has hereunto set his har.d and seal the day and year First afa~sa:d. tSigned. Sealed and dzlr~er in tl~e p~ xnce of: ' ~eJq'~ ~ ~ ~ ~ ~ r// ~ ~ ~a4 - ~ W 1 n . ~ csea~ ~ 1 ~ ~ ~-t~ _ 15ea1) - , ` r - :~oshiko Owen ~ lSesi) 5*ATE OF FLORIDA ~ St. Lucie ~ coutirY oF ~ _ Before me persona~iy appeared W111181\ ~/~ll ~R@II and Yoshiko ~@II his wife, to me weU'kaawn ar~! knovRrri'tp rr4 to be the individuals descr~bed in and who executed the foregoing instrument, and acknorvledged befwe me that they execut[~.tfie ~sartiFl.fo~ tFie purposes rhe.ein expressed. And the said Yoshiko Owen - Wl 11184 V ~ T'-~ S N~fe of the said 811 ~Ilen ' upon a sepa~ate ~ricFprivste e.am:nar~on by me raken separate and apart from her said husband, acknowledged to and befwe me that she executed'saidti~~y~l~ufi~r~t''f~elr ~rv~ volun~ rarily and without any compulsion, constraint, apprehe'nsfion, or fesr of or f~om F?er uid husband. • WITNE55 my hand and official seal this- ~1G -~-~1 dey of Januar ~~'.:a' ~q 73 , • a~ Notary Public in and for the St~rQ.of i at,large My Commission expires: • Retum To: first Federsl Savings d loan Association OF Fort P~e~ce. NOTAFiY PU9lIC. STATE ot fLaR~DA K URG Fort Pierce. Florida ~~y ~^,p~1::1:,S(ON EXPIRES S'~u~~ ~ Bbr~ded By Ame~icsn Bankers This Instrument Prepared By Johrf W. Collisls ~~EO ~.r:~au Q~~ p~p First Federal Savings 8~ loan Association ~y~~~ f A• of Fort Pierce ~ Florida ~4~~~' PG`~R~g CL~RK CtF:~.U,~ ~4~1 ~ . ~~('~t'7 ~/Fc,r~r~ ~ ~ Checked By ~ ~ ~ ~ ' 1~ 5oan 210 P~~F~.323 246649 I.s _ ; - - ~ - - ~ _ _