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Home My WebLink About2840 To piace and conti~uously keep on the buildinpi now w htreafttr ~ituat~ on s~id I~nd ~nd on all equipment +nd pe?sonally covered by ~n;~ mortg- sgs, w~th all premiums thereon pa~d in full, fire insu~ance in ~M usual sundard polity form, i~ a tum approved by the MOR~GAGEE, and wind3~wm insurance in the uiual ~tandard pol~cy tam, in a sum app~ov~d by tM MORTGAGEE, in ~uch company or companies a~ the MORTGAGEE may direc~; and all tir~ and w~nds~orm in~urance policies on ~ny of iaid buildinp~, ~ny iM~rest therein or put thereof, in IFw aggreya~e s~m afaesaid w In e:cess theroof, ~MII comain th~ usual sfandard ma~ga9e~ clauss w such o~F?a claus~ as tlw Mortpagee may requ~r~, makiry the Ioss unde. •a~d pot~ des, eacfi and every, payable ~o said MORTGAGEE +s its intereit may ~ppear, ~nd each u+d every such pol~cy shall be p~ompt~y ass.gncd a~d deliver~d ~o any held by said lNORTGAGEE as further security to iaid matpafle debt, and, no1 bu tMn ten (10) days in advance of the expirat~on of each pot~cy, to da liver to ~aid MORTGAGEE a ~enewal thereof, lopethK with a receipt fa tFN prtmium of ~uch renew~l; and there shall be no f~re or windsior~n ins~rance placed on eny of said buiidinps, any imcrtst therein w part thtrtof, unleu ie tM (am ~nd wilh the loss payable a~ +faeu~d; and i~ ths event any aum of money becomes payable unde? such policy o~ polKiss s~id MORTGAGfE sl+all Mve tM optio~ to receive and apply the same on accoun~ of the indrb~ed- ness setured hereby w ro permir said MORTGAGORS 1o receivs and uis it a any pa./ thereof ior othcr pu~poses, wi~hout th~r~o~ .vai~i:,g or ~~~~pa~~- ~r,g any equ~ry, lien q right under or by virtw of this mort9~ye; u+d in t1» ~vent sa~d MORTGAGORS iha11 fw any reawn fail to keep the said p~em~ias so insured, or fail to deliver promptly ~ny of said policiH of insurance to said MORTGAGEE, o~ fait promptly to pay fully any premium therefo~ a in any re~pect fail fo pe~fwm, d~scharge, executs, eiftct, complere, comply wi~h and ~bid~ by this covensnt, a any part hereoi, said MORTGAGEE may place and pay for such insurance or ~ny part th~reof without w~ivir?p w affectinp any optioe?, lien, equity, o~ right under w by virtue of this htortgage, and The full amount ol each and eve~y such payment shall bs immediately dw ~nd payabl~ and shall bear intere~i irom ths date ~hereof u~til paid at the rate ol nine per centum per annum and together with such interest shall be secured by 1M litn of this mort9age. 4. To permit, commit or suffer no waite, lmpairment w deteraration of said property or ~ny part thereof. S. To pay all and singular fhe cwts, chargcs and expenses, includirg a re~sonsble attwney'~ fee and costs of abstrads of title, incurr~d or pa~d at eny time by uid MORTGAGEE, beca~se or in the eveM of the failure on the pa~1 of tht said MORTGAGOR to duly, prompHy and fully perform, d~scharge. execute, effea, comptete, comply with and ~b:de by each and every the stipulations, sgreeme~n, cond~sions, and covenants of said promissory nore a~d ihii mo.~gage any or e;~her, and aaid cosb, char9es ai+d expensei, each and ~very, sh~lt b~ immediatety due and payable; whe~her w not rhere be norice d~ mand, attempt to cotlecf w wit pending~ uK! the full amouM of eath and every such paymeM tMll beu interesl from the date thercof uMil paid +t the rate of nine per centum per annum; and all said costs, charges and expenses incurred a paid, logether w~th such interest, shall be secured by the lien of thii mwt9ags. 6. That (a) in the e~ent of any bresch of this Mortgay~ a defaul~ on the pah of the MORTGAGOR, w(b) in the event any of satd sums of mo~ey herein ~eferred to be not promptly ~nd tully paid withi~ thirty (30) days nex~ after the same severally become due a~d payab~e, without demand or notice. or (c) in the eve~t each and every the stipulations, agreements, ca+ditions and covcnants ol is~d promissory ~+ote a~d th~s . mortgage any w ei~Fxr are not iuly, promptly and fully perfwmed, d~xharged, executed, effected, completed, complied with •nd abided by, then in e~~hcr a any such event the sa~d ag gregate sum mentioned in said promiuory nore then remaininp unpaid, with iMere:t accrued, and all moneys setured hereby, shall betome due and pay- able fwthwith, w thcreafter, at the option of said MORTGAGEE, as fully snd completely as if all of the said sums of money were aiginaily st~pulated to be pa~d on such day, anyth~ng in sald promissory note or in this Mortgs~e to the contrary notwithstsnding; and thereupon or thereafter at the opt~on of s~:d MORTGAGEE, without notice or demand, suit at law u in equity, the?efore p fhereafter begun, may be prosecuted as if all moneys iecured hereby had maturcd prror to its institution. 7. That in the event th:t at the beginning of or at any time pe~+dinq sny suit upon this Mortgage, or to fweclose it, or to refwm it, or to enface payment of any claims herevnder, said MORTGACaEE shall apply to the Court having ~urisd~ction thereof {o~ the appointment of • Receiver, such Courf shall forthwith appoint a receive~ of said mwtgaged property all and singular, inctud~ng all and aingular Ihe i~come, profits, issues and revenues from whate~er so~rce derivtd, each end every of whith, it beirg expressly ~nderstood, ia hercby mortgsged ~s if specifically set forth and dettribed in the granting and habendum clauses hereof. and such Receiver shall h~ve all 1F?e brwd ~nd eHective funct~ons and powers in anywise entrusted by a Court to a Receiver, and cuch appointment shall be made by such Court as ~n admitted eQuity and a m~ttcr of absolute r~gAt to said MORTGAGEE, ~~d without reference to the adequacy a inadequacy of the value of the prope?ry mwtgsged o~ to the sotvency or ~nsolvency of said MORTGAGOR or the defendants, and that such rents, profits, income, iuues and revenues shsll be applied by such Receiver accordi~g 1o Ihe lien or equity of wid MORTGAGEE and the practice of such CouR. 8_ To duly, promptly end fully perfwm, discharge, execute, effect, complete, comply with and abide by each and every the stipulations, sgreements, co~ditans and coven~nrs in sa~d promisswy note and this mortgage set fw~h. 9. That in the event the ownership of the mortgaged prcmises, w any part ihereof, bemmes vested in a person other than the MORTGAGOR, the MORTGAGEE, its successo~s and ass~gns, may, withou~ notice to the MORT6AOR, deal with such succeuor o+ successor in interest with reference to th~s mortgage and the debt hereby secured in tlx same manner as with Mortgsgw withovt in any way vitia~ing or diuharging tF~e Mortgagon' liability hert u~der or upon the deb~ hereby secured. No sale of the Fremixs hereby mortgaged and no fwbearence on the part of the MORTGAGEE or its succe:sors or assigns and no extension of the time fa the payment of the debt hereby secured given by the MORTGAGEE or its successors w assigns, ~hal~ operate ro release, d~scharge, modify change w affect the wginal liabil~ty of the MORTGAGOR fierein, either in whole or in part. 10. It is spetifically ag~eed that time i~ of the essence of tkis contract and thst no wsiver of sny obligation hereunder or of the obligation se- c~red hereby slwll at any time thereafter be held to be a waiver of the terrtu hcreof or of the instrument secured herby. I1. In add~fion to the fwego:ng moathly payments of princ'pal and inferest requ~red by the promiswry nore secured hereby, mortgagor covenants and agrees to pay to mortgagee Mri~h each monthly payment an addirional sum esrimated by mortgagee to be equal to 1/12 of the annual cost of the fol{ow- ~ng: A-Atl real ~roperty taxes levied w assessed against the above desaibed real estate. B-Premiums on fire and windstorm insurance as herein requ~red to be carried on the improvements situate on the above described premises. C-Premiums on such mwtgage guaranty insurance as mortgagee shall trom time to time deem fit to carry on the (oan secured hereby. Mortgagee shall from time to time notify mortgagor in writing of the amount due and payable hereunder and such sum shall thereupo~ be due and ;.ayable on the due date of the ~ext monthly payment and each successive month thereafter ur.til mortgagee shall notify mortgagor of a change in such a~,ount. Such sums sF.ail be applied by mortgagee toward the paymenf of real property taxes, i~surance prem:ums, and mortgage guaranty insurance F~remiums. ~ ' ~ IN WITNESS WHEREOF, the said MORTGAGOR h~s hereunto set his hand and seal the day and year first afwesaid. t ~igned, Sealed and de~iver~in the~presence of: ~ i / ~ i Seaq ; ` ` ~ 2 r! K1ltS ~,q ~ - -(Sean ' ~ (5ea4 ~ Cathryn A . Kirt ~ STATEOF- ORIDA ~ ~ COUNiY OF SL . Luc ie ~ ~ ~ Before me penonally appeared ?erry L. K1ZtS a~ ~ Kathryn A. Kirts his wife, to me well known and known to me W be rhe individuafs described in a~d who executed the ~ ~nstr and scknowledged befwe me that they executed the same fw the purposes [~a~i~m ~:"~C1rts ' ~herein expressed. And the said ' Nife of tF~e said Terry L. Kirts ~ upon,s•separate,and,prSvate examinatan by me taken separate and apart from her said husband, stknowledped to and before me that sF?e executed said insNUmf,i~t.fr~lp'.ypd volurt- ~ rar;Iy and w~thout any compuls'wn, constraint, apprehtnsion, feu of a from her fsid h iband. ~ t ' g WITNE U m y hand a n d off i c i a l x a l t h is ~ n~ d a y o f eb ~'ry ~ a b, ~ 9 ~•7~ ~ ~ ~ ~ , t . - ~ ~ - Notary P~blic in and for the 5/at ~ f• Flklda ~it lal~e ' • ~ My Commission expires. . ; , ~ _ . ~ Retum To: ~r~ _ y 3 ~ ~ ~ • . Fint Feder~l Savings 6 Loan Associatlon Of Fort P~erce. , Fort Pierce, florida ' ~ FILED ~h=' gECOR0E0 - ST. LUClE ~OUNTY FU. C~ - ROC~i' PO~TRAS - This Instrument Prepared By Richard K. Kayes C~EFK ~~:.~v~T COURT First Federal Savings 8 Loan Association RtCna^ VE~~`~r.C? r = of Fort Pierce , F lor i da ~ r~ FEB 13 l6 aH 73 ~ Checked By ~ r U R~j'~ ; ~~Qry'~ ti- 24'7'70a ~oo~: ~c: ~ ~ r f sb ~ ~ w - - - _ - ~ , ~.s ~w W'~.-<-~, .a _ . - _ _ - _ . . .v. ~r