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Home My WebLink About1817 3. To plac~ ~nd continuously keep on ths buildiny~ now o~ hcresf~~~ ~~fuat~ on ss+d Iand ~nd on slt equipmero ~od pcrsonally covered by ~hi~ morrg~ ags, with all premiums thereon ps~d in full, fire insuranc~ in the u~ual sNndard policy fwm, it? a sum app~oved by the MORTGAGEE, a~d windstam insur~nct in ti?~ uswl itandard pol~cy fam, in ~ sum approved by tM MORTGAGEE, in fuch company or ton+P+n~es +s ti~e MORTGAGEE m~y d~rectj a~d ~II tir~ and w~~diiorm insv~anc~ policies a+ anY of said build~npi, ~ny inftr~st thtrein o~ part thereo(, M IM agq~e9a~e sum afaesaid or in exceu thereof, shall ccntain th~ utusl standa~d mor~pap~s ciwse w such otMr clauis u tM Mor~y+ye~ may rpu~r~, ma?inp rM iou ur~da sa~d potF c~es, each and every, payabl~ ro s+id MORTGAGEE ss in interett m~y ~ppear, and e~ch and ~very svch policy shall b~ promp~ly ass.pned and de~~vcred ~o any held by s~id AAORTGAGEE as iurtha iecu~ity ~o s+id mortya9~ debt, and, not I~ss ihan ten (10) days in advance of ~he ~xpi~~tion of each policy, ro da live~ to iaid MORTGAGEE a r~~ew+l thereof, tope~l+K with a r~ce+pt for tM pn+nium of such renewat; and ~hero shalt be no fire o~ wiodaearm insuranc~ : placad a+ ~~y of uid buildingi. ~ny inter~sf th~rein a p+~t 11?~reof, u~tsu in th~ fwm and wi~h tM loss paYsbl~ as +fa~sa~dj and in tM event any sum ; of money becomei p~yable uode~ svch policy or polici~s said MORTGAGEE shall Mw the optan to recaive and apply th~ s~me a+ eccount o( the i~ebted- f neu secured hereby p to permit fiid MORTGAGORS to reteiv~ u+d uf! il p any part thereof for othcr pwposes, without Ihareo/ waivi:g or impair- ing any pu~ty, lien w righl ueder a by virtu~ of lhis mort9spr, and in tM ~vent iaid MORTGAGORS ~Mtl (w any reawn tail to keep the taid premisrs w insured, or f~il lo daliver promptly ~ny of said policies of insur~nte to qid MORTGAGEE, a f~il ptomptly to pay fulty any premium therefot a in any respect fail b pK(wm, discharge, execute, ~ffect, complete, comp~y with and ~bid~ by ~his covenant, a~ny paA hasot, iaid MORiGAGEE may ptace a~~d ~ paY fw such insurance w ~ny pan tMreof wi~hout waivirg w affectirg ~ny option. li~n, eqvlty, w right unda a by virtue of thii Mortga9e. ~nd ~he t~ll amount of e~ch and every sucA p~yment shall be immedi+tely dw and p~yabb +nd sh+11 bear inte~est from tM date thercof u~~il p~~d at ihe ra~e o1 ; nine pe~ csnlum pa annum and together with tuch intereat shall kx secured by iM litn of thw mortgsge. 1. To permit, commit a suffer no waste, impairment or deterio~ation of said property or ~ny part thereof. ' S. To pay all and sinpulsr the tosts, charga aod expenses, includiny ~ reasonabl~ sttwney i(es and cost: of abstrads of title, incurred o~ paid at eny time by said MORTGAGEE, because or in 1l+e ~vent of 1ht fsilure on the parl of tM said MORTGAGOR to duty, promptly ~~d fully per(wm, diuharge. execvte, eifect, complete, comply w~~h and ab:de by each ~nd every the itipula?ions, agreements, tonditions, and covenants of said promiswry rwte a~d this ~ morrgay~ any w ei~her. and ~aid costs, chuges a~d expense~, each and every. shall bt immediately dw and payable: whethe~ a not there be notice da mand, ~nemp~ ro colkct w wit pend~ng; snd the full amovM of each and every iuch payment shall be~r interest from the date thereof until paid at the r~r~ oi nine per ---!um per annum; and all said tosts, charges and expensea incurred w paid, togelher w~th suth i~ttrest, shall be ~etured by tfx lien oi thii mortysgs. 6. That (s) in ths evem of sny bresch of this Mortysge o? def+ult on tir pa?t of fhe MORTGAGOR, u(b) in the event any of satd iums of money herein referred to be not promptly and iully paid within thirty (30) days next ~fter the san+e severally become due and payable, without demand or no~ice, or (cJ in the evem each ~nd every the stipulatiau, ~grecments, conditions u~d coven~nrs of ss+d promiuory ~?ote and th~s mortyaye any or either are nol iuty, promptly and fully perfamed, d~scharyed, executed, effectld, completsd, complied with and abided by, then in e~ther a any such event ~he sa~d ag gregate sum mentiooed in said promissory rroro tFKn remaining unpaid, with interest accrued. and all moneYS secured hereby, shall become dus and pay- able fathwith, ot lhereaftet, st the option of said MORTGAGEE, ~s fully u+d completely as if •It of fhe said sums o( money were originatly st~pulated ro be pa~d on such day, anything in sa;d p?omiuory note a in this AI1~tyaye to the coNrary notwithsta~d~ng; and thereupon w ~hereaiter at the opt~on of sa~d MORTGAGEE, wi~hout notice or demand, suit at law w in equity, therefwe a fhereafter brgun, n..y ir~ p::%.:~:..t~3 st ~f -:t ::::r.e~s ric.:re3 `.r:~~i had matured pnw to iq institution. 7. That in the event that ~t the beginning of a st any time pending sny svit upon this Mortgsg~, o~ to foreclose if, w to refwm it, or to enforce payment of s~y claims he?eunckr, uid AhORTGAGEE shall spply to the Court having jurisd~Eon thereo} for the appointment of • RKlIVN~ such Court shatl Forthwith appoint a receiver of said mort9aged property all ~nd singular, includ~ng all and singular the incane, profin, issues and revenues from wF?atever source derived, each and every of which,. it beirg expressly unckrstood, ia F+ereby rtwrtgaged a~ if specifically set forth ~nd dewibed in the giaming u+d habendum clausa hereof, and such Rete~ver shall have all the b~oad and effective funU~ons and powers in a~ywise entrusted by i Court to s Receiver, and s~ch appointment shatl be made by such Cou~t as an ~dmitted equity and a matter of absolute r'ght to said MORTGAGEE, and without reference to the edequacy or inadequacy of the wlue of the property mortpaged or to the solvency o~ insolventy of said MORiGAGOR a the defendants, and that such ren~s, profits, incane, iu~es ~nd revcnues shatl be applied by such Receiver accord~ng to ths lien w equity of said MORTGAGEE and the practice of such Court. S. To dvly, promptty ~nd fully perform, dischsrge, execute, effect, complete, comply with and ~bide by e+ch and every the stipulations, agreementt, co~ditions and wvenants in ss~d promissory note and this mortgage set forth. 9. That in the eveM the ow~urship of the mo(tgsycd ptemises, a any pa?t thertof, becomes vested in a person other than the MORTGAGOR, the h10RTGAGEE, its successors and auigns, may, without ootice to the MORiGAOR, deal with such succeuor or sucr_swr ~n enterest with refcre~+ce to thi~ n:ortgsge and the debt hereby secured in the same manner ss with Mortgsgw without in any way vitiatinp or diuharging the Mortgagon' liability hertr unde~ or upon ~he debt hereby secured. No ask of the premises hereby mortgaged and no forbearance on the pan of ~M~e MORTGAGEE ot its successors or assigns and no ext~nsion of the time fa the payment of the dcbt hereby aecured given by the MORTGAGEE w its succeu«s or auigns, shall operate ~o release, d~scharge, modify change o~ affect the orginal liab~lity of the MORTGAGOR herein, either in whole or in part. 10. It is specifically ~greed rhat time is of the essence of this tontract snd that no waiver of any obligation hereunder o? of the obligatan sr cured hereby shall at any time thereafter be held to be a waiver of the terms hereof or of the instrument secured herby. 4 11. In add~teon to the forego:ng monthly payments of princ'pal and interest required by the promiuory note secured hereby, mortgagor tovenants ~ ~~,d agree~ to pay to mortgagee with eath monthly payment an add~~ional sum est~maied by mortgagee to be equal to 1/12 of the annual cost of the follow- ~ in~: i A-All real property taxes levied or asussed against the above deu~~bed real estate. j B-Premiums o~ fire and windstorm ensurance as herein requ~red to be carried on the improveme~ts situate on the sbove described premises. ~ C-Premiums on suth mwtgage guaranty insurar.ce as mortgagee shall from time to time deem fit to carry on the ban secured hereby. ? Mortgagee shall from time to time notiiy mortgagw in writi~g of the amo~nt due and payable hercunder and such wm shall thereupon be due and ~ r.ayable on the due date of the next monthiy payment and eath successive month thereafter vntil mortgsgee shalt notify mortgagor of s change in such ! a-~ o~nt. Such sums shall be applied by mwtgagee toward the payment of real properry ta:es, insurante prem.ums, and mortgage guaranty insurance I ;;remiums. l ' : IN WITNESS WHEREOF, the said MORTGAGOR has hercunto ut his ha~d and seal the day and~ r ~fj'rst aforesaid. ~ Signed. Seakd and delivered in the presence of: ~~I~~?l/~ /V I t rc-.n ~ Roland H. Vaillant ,~a~ ~ ~ ; cs~i~ ; ~ ~ rSeap ~ = Ruth G. Vaillant ; ~ STATE OF fLORIDA ~ ~ St . Luc ie ~ ~ couNrY oF ~ ~ Roland H. Yaillant ~ Befwe me personally sppeared ~ Ruth G. Vaillant his wiie, to me well known and known to me to be E ~ ti,e individuals deuribed in snd who executed ths fw49oinQ irytwm~n t, /~d atknowledged before me that they e:ecuted the same for tF+e purposes ~ therein expresxd. And the said K~1LII C~ V~111aAt ~ .vife of the uid Roland H. Vaillant upon a aepar te'~MOI~p~tv~ ~ e,am~nation by me taken separate and apart from her said husband, atknowkdged b and before me that she executed said inatrvfne~?t~fr~ely ~ctd"tqft~,, v : , • ' = rar;iy and without sny compulsion, constraint, appreh n3 ion, fear of w f s~id husband. - ~ WITNESS my hand and official xal thi~ ~ day " `j~~! :•-LA. D.,19~~ ,~r'~.. ' , L : Notary Public in and for t 5 ~f ~ ~ at Lar~ ' r = ~ My Commiuion expires: = t ° ~ . - Return To: ~ ~!!!J~~~!'' ~ First Federal Savings d loan Association /~no' . Of Fort P:erce. . ~ j~ " = ;i;:a Fo~+ Pierce, Florida fILEO ANC RECORDEO sz. wc~~ ~ouNTr Fu. - ROGE~ F0~'R~S l~ 'a CLERK Ctt:L4JIi COURT ~ This Instrument Prepared By John W. Collins RECQRD tiEr'= EQ~_ First Federal Savings & loan Association c of Fort Pierce p~lozida fE0 ~ ~ 39 ~H ~13 ~ • , ~ Checked By 2469 ~ i 80 ~ ~ ~ a~oKZ10 ~4cf18~.5 ~ - ~ ; - - - - - - _ 4 ; f a~}~ ~ . Y . 4 r ~`s~ r~~'~~~ ~ . ~ ~