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Home My WebLink About1539 • ~ ~M J. To place and continuously keep on the buitd~ngs now o~ here~fte~ ?itu~t~ on ssid I~nd and on aU eqvipment and pe~aonilly covered by this mo~~g- ag~, w'~tA al! premiums lhereon pa~d in full, fi~e insuranc~ i~ the utual stsndard polity iwm, in a tum approved by 1he MORiGAGEE, and windstwm iniurenca in tM usual srandard pol~cy fam, in ~ sum app~oved by the MORTGAGEE, in wch company or companies as the MORIGAGEE may diract: ~nd aU fir~ and wfnds~orm insuranu policie~ a+ ~ny of said build~nps, ifly I111fffll ~IIQfQIII Of p~rl Ihereof, in tM spgreya~e sum afaesa~d a in tYCes~ thereof, shall contain the uwai .r.~a~~a ma~ a e~ ciaui8 a u;~n asi-~ r.:;;sa ss i4~ s - - -.a".^^ !oss aa~d ooii~ ~ ~ ii ~ ~::ai .c:t..c.', - o cief, each and every, payable to ssid MORTGAGEE as its inte~est may ~ppea?, ind each aod every tvch polery shal) be promptly ass gned a~d delivered ~o ~ny held by w~d MORTGAGEE a~ fu~ther iecu?ity ro said matyagt debt, ~nd, oot leu th~n ~en (10) days in adwnce of the expirotion of each polKy, ~o de- livK lo ~aid MORTGAGEE a renewal thereof, togethN with a rec~ipt fa the promium of such renewai; and ~here thaU be no fire o. w+nds~o~m ;nw~ance plsced on ~ny of said bvildiny~, any inte~eal the?ein w part tMrwf, unless in ~he form ~nd with tM 1ou payable as afores~id; and in ~he event any sum of money becomes payable under such policy a polKiea said MORTGAGEE shall have ths opt~o~ to receive and apply the san,e on account of the indebtad- neu secured hereby o? ro permil said MORTGAGORS to receive and us~ it or any pa+t ehereoi !w other purposes, .v~tha,:t th~rcoi ~.ai.~:y cr ~n.po~r- ing any equity, lien q right under a by virtu~ of this mo:!p~ge; snd in th~ avent ~aid MORTGAGORS ihall for ~ny reason fail to keep Ihe sa~d premisca so insured, w fail to deliver promptly a~y of said policies oi insu~ante to ta~d MORTGAGEE, w fail promptly to pay fuity any pre~nium fhe~efa~ w in a~y ~e:pect fatl to perfdm, d~uha~ge, executs, eifec~, canpl~te, canpty with ~nd abide by this covenant, a any par~ hereoi, said MOR7GAGEE may place a~~d pay fw :uch insurance w any part thereof without waiviny or affectinp ~ny option, lien, equity, w right unda a by virtue of this Mortgage, and the full amount of each and every auch payment shall be immedia!ely dw and paysble and shall bear interest from the date thereof u~~il paid a~ the ~ate ol n~ne per centum per annum and together with such interQSt shall !x iecurcd by the li~~ of this morlgage. 1. To permit, commit w s~ffer no wasts, impairmem ot deterioration of said property or any part thereof. S. To pay sll and singu~u tM costs, cMrges and eapenaes, including a rcasonable attorney i fee snd costs of abstracts of titte, incurred o~ pa~d at any hme by smd mvKl~sh~ac~, oacauae w~n i3w c•a.:3 9t+~ !?~?BTreano u, ,1..ty: nr~xn~uy and fullp oe!iorm, d~uharge. execute, effett, complete, comply w~th a~d ab~de by each• a~d every~the stip,ilations, ~greements, conditions, ~nd covenants of said p~om~ssory note and ?his mortgage any w e~~her, and said cosri, cMrges and expenses, euh and eve~y, sMll be immediately due and psyable; whethe~ d not there be not~ce dr mand, attempt to collett or t~it pend~ng; and the full artaunt of each snd every iuch payme~t shall bear ineerest from the date thereot u~til pa~d at the iate of nine per centum pe~ annum; and all said costs, charges and eapenses incur~ed ix paiJ, togethar w~th such intcreat, ahal! ba srcvred by the l+en of th;s morigsgs. 6. 7fist (a) in the event of any breach of this Mortgage w defaul~ on tF,e part of the MORTGAGOR, or (b) in the event any of satd aums of money herein refcrred to be not promplly and fully paid withi~ thirty (30) days nea~ after tha same aeverally betome due and payabte, withovt demend w norice, or (c) in the event each and every the stipu~arions, agreementa, conditior,s and covenants of ss~d promiswry note and th~s mortgage any a eithe~ are oof ~uly, promptly and fully per(ormed, d~scharged, execWed, effectcd, completed, complied with and ab~ded by, then i~ e~the+ or any such event the aa~d ag gregare sum mentaned in sa~d promiaswy note fhcn remaining unpaid, with in~erest accrued, and a11 mooeys secured he~eby, ahall become due and pay eble fort6with, or thereafter, at the option of said MORTGAGEE, as fully and compleuly as if all of the said suma of money were w~gi~ally s~~puiated to he paid on such day, anything in sa~d promissory note or in this Mortgage to the con~rary notwithstanding; and thercupon w thereafter at the opnon of said MORTGAGEE, wirhout norice or demand, suit at law w in equity, therefore w thereafter begun, may be proxcuted aa if all money secured hereby nad matured pr~or to ns insti?ution. 7. That in the evcnt that at the beginning of or at any time pending any su~t upon this Mortgage, a to foreclose it, or to reform i~, or to enforce paymen~ o( any claims hereuoder, said MQRTGAGEE shall apply.to the Co~n hsviny jwisdict;on thereof for the appo;ntment of a Receiver, tuch Court shall for~hwith appoint a rece~v~r of said morfgaged propeny all and singuls?, includ~ng all and singular the income, prol~ts, issues and revenues irom whatever se~rce derived, each and every of whkh, it be7n~ expressty unders~ood, is hereby mortgaged as if spec;fically tet forth and d~uribed in the g~anting and hatendvm cla~ses hereof, and svch Receiver shall Mve ail the broad and effective func~~ons and powers in anywise entrusted by a Ccurt to a Receiver, and s~ch appointment shall be made by such Court as an admifted equ~ty and a ma~ttr of absolute right to iaid MORTGAGEE, and without reference to the adequacy or inadequacy of ths value of the property mongaged o~ ro the so~vency or ~nsolvenq of said MORTGAGOR or the defendants, and that such re~~s, profits, incoma, issues and revenues thall be applied by such Receiver accord~ng to the lien w equity of said MORTGAGEE and the practrce of such Court, 8. To duly, promptly and fuUy perform, discharge, eaecute, effecL complete, comp)y wifh snd ab)de by each and every the stipu{ations, agreements, conditans and covenants in sa~d promissory note and this mortgage ut forth. 9. That in the eve~t the ownership of the mortgsged pr~mise~, or any part thereof, become~ vest~d in a peryon other tha~ the MORTGAGOR, the MORTGAGEE, its successws and augns, may, without no~ice to 1!x MORTGAOR, deat with such succeuw a s~ccessoi in interest w;rh reference to thia mo~tgage and the debt hereby :ecured in the same manne~ as with Nbrtgaga without in any way vitiating o? d~uharging the Moregagors' iiability herr under or upon fhe debt hereby sec~~ed. No ssle of the premises hereby mortgsged end no-forbearance on 1he part of the MORTGAGEE or its successon or a:signs and no extenseon of rhe t;me fo? the payment of the debt hereby securcd given by the MORiGAGEE or ;ts successors w au~gns, ahall operate ro release, discharge, modify change or affect the orig~naf liab~l~ty of the MORiGAGOR herein, either i~ whole a in part. 10. It is specifically agre~d that time is of the essence of this contract and that no waiver of any obligation hereunder w of the ob(igation se- cured hereby shall at any fime ?hereafrer be held to be a waiver of the te~ms F~creof q of lhc instrumem securcd herby. 11. In add;tio~ to the fwego:ng monthly payments of print'pal and i~terest required by the prom~ssory note secured hereby, mortgagor covenants and agr~s to pay to mortgagee with each monthfy payrnent a~ add~rional sum est~mated by mortgagee to be equal to 1/ 12 of the annual cost of the follow- in~: A-All real properry taxes levied or assessed against the abave describrd real estate_ B-Pren:iums on fire and windslorm insurar,ce as herein requ~red to be carried on the improvement= s~t~ate on the above described premises. C-Premiums on such mortgage guaranty insurance as mor~gagee shall f~om time to t~me deem fi~ to carry on the loan secured hereby. Matga~ee shatl from t;me to time notify mortgagor in writing of the amount due and payable hereunder and suth sum shal~ therevpon be due and ~ayable on the due date of the next month:y payment and each successive month thereafter u~.til mortgagee shall notify mortgagw of a change in such a•~•.ount. Such sums shafl be app(ied by mwtgagee toward the payment of real property taxes, insurance prem;ums, and mortgage guaranty inwrance premiums. IN WITNESS WHEREOf, the said MORTGAGOR has' hereunto set hi: hand and seal the day and f' st atoresaid. ~Signed, Seated and delivpee~in th ~presence of: - ! _ i a ricia . e~ a singl ~e~a~lt ~ ' ~ - mi ie 1~'ari a an on,a~is`a~ e ~lt SiATE OF fIORIDA ~ St . I.ucie ~ COUNTY OF Before me personally appeared Patricia R Hughes, a cinale 3~1t s~ i Emilie Marikka Blanton a sin le adult ~ 9 hi~wlfe, fo me well known and kpown to me to be the individuals desuibed in and who executed the fweqoing instrumenf, and acknow~edged bdfore me thaf they executed the aams fOt the: purposes therein expressed. R~'1RE'~3is- ~ iFlrii~ is~ ; ~Dd"''~ ~~y~'P'va~e ew`e~iws~~errby-~w~M4en~e~re~~~nd~pe.f-iruwrbe~~ews-Iwisb~wlr+elr»wld~j~d-t~~wd-be tJ~at~r~aecui~.l,a~ld"uuftiicoint•f[!ejY~~?1p~ ~~fi15r a1SfiQ~TftbCt a1S~1'Zbfh~J~slb}t ~aAlffdThf,'ba~f lhTi~~fBafat~'f?dlFf'fR l~Dd~ 3. . WtiNESS my hand and official seal thi day of ` i f.'" --~~~.,~9 ~ i . u _ ; l ' U ' ff' f . Nota y Vubl;c in and fw e t~ o br~da et' Laf~s-~ ~ My Comm~uan expirei f - ~ ~t • t?, Return To: . ' r t First Federaf Sav+ngs 3 loan Associar~on C! Of Fort P~erce. Fort Pierce, Ftorida fiLEO AN~ RECp~pEO bT tUC1E COUNT1r ?I.A. R~CER FJ~~RAE CtE.°•K C!RCUII COURT R~^On`; vEa~~~ED.~.~..~.,~ This Instrument Prepared By ~ichatd K Kayes ~ First Federal Savings & Loan Association ' ~~O ~O 4~ ~~1 f7~ i of Fort Pierce ~ Florida ~T~ ~ Checked By r~~ • ~ 3 r ~~~~0 ~~oK210 ~~f1537 y . _ _ . _ _ _ _ . . s 'y ~~~.s~.G:.~2 ~ . . „ . ~ . . P,z