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Home My WebLink About2848 3. To place and co~rinuously keep on thc bui!d~ngs now or hereaf~er ~ituate on sa~d land and on ail equip~nant ar.d penona~ly covered by fh~s mwtg- egs, w~th all premiums thereon pa~d in full, f'ue insurance (n the usuat seandard polrcy (orm, in a sum approvrd by the MOR~GAGFE, and w~~dsto~m tnwrance in ~he usual sra~dard pol;cy Fam, in a sum approved by the MORTGAGEE, in such company or compan~es as the MORTGAGEE may direch tnd all fi~e and w~ndstorm insurance policies on any of said build~ngs, any inte~es~ therein or part thareof, in the aggregate sum aforesaid or in excess Ihe~eof, shall contain Ihe usual standard matgagee clause w such other clause as the Mortgagee may ~equ~re, maling the Io~s unde~ sa~d pol'r ues, each and every, payable ro said MORTGAGEE as ~ts imereat may appear, and eacA and every such po~icy shatl be promptty ass g~~ed and delivered ~o sny held by said MORTGAGEE as (usther secw~ty to ~aid mor~gage drbt, and, no~ less than ten (10I days in advance of ~he exp~rat~on of each pol~ty, to dr liver to said MORTGAGEE a renewal the~eoi, Iogether with a receipt fa the premium of tuth renewal; and ~here shall be no f~re or windstor~n ins~rance placed on any of said build~ngs, any inieres~ tAcre~n w par~ thereof, unles: in ~he fo~m and with the lou payable as aforesaid; and in the eyenl any sum of money bccomes payabte under such poticy or pol~cies said MORTGAGEE sh~ll have tha opt~on ~a receive and apply the same on account o~ the indebted- ness sec~red hereby o~ ro pe~m~t aa~d MORTGAGORS to receive and use it or any part ~hercoi tor ori,.~~ H~r, oses. ..at~o„e ~h:~,o~ w~~.~.~3 or ~~~~p.,~r- ing any equ~ty, lien w ~i9h1 under a by virtue of this mo:tgage; and in the event sa~d MORTGAGORS shall for any reason fail to keep the sa~d prem~s=s so insured, o~ fail to deliver promptly any of said pol~cies of insurance to sa~d MORTGAGEE, or iait prcmptly to pay fu~ly any pren,~~m therelor or in a~y reipect fail to perFwm, d~scharge, execute, effecl, completa, compty with and abide by this covenant, or any part hr~eof, said MGRTGAGEE may p:ace a~~d pay fa such insurance o~ ~~y part ~hereof w~~hw~ waiving a affeuing any opt~on, Gen, equ~ty, or ngh~ under w by v~rrue of ~h~s Mortgage, and ~he full amount of each and every such payment shall be immediately due and payable and shall bra~ interest from th~s dase thereof unti! paid at the ra?e of r,~ne per centu~n per annum and ro~e~her w~~h auch interes~ shaii be srcured by the tien of th~i mortgage. To permit, commit o~ suffer no waste, impairment a deterioration of sa~d p~operty or any part thereof. S. To pay all and singutar the costs, charges and expenses, including a reasonable sttwney's fee and costs of abstracts of t~tle, incurred o~ pa~d at arty time by said MORTGAG;E, because or in tfx event of the failure on the part of ihe said MORTGAGOR to duty, promptly and futly per(orm, d~scharge. e,~ecure, e(tect, compteie, comply w~th and ab:de by each and every the stipular~ons, agreements, conditions, and covenants of sa~d prom~sso~y note and ~h~s mwtgage any or ei~her, and sa~d costs, charges and expenses, esch and every, shall be immed~ately due and payable; whe~he. er not ~here be no~~ce d~ mand, attempt to collect w suit pending; a~d the fuli amount of each and every such payment shall bear interes~ from the date thereoi until paid at the rate of nine per camum per annu:n; and all aaid costs, charges and expanses incurred o~ paid, togrther w~th such interest, shall be secured by the I~en of th~i mortgage. b. Thst (a) in the eveM of any brexh of this Mortgage or default on the part of the MORTGAGOR, or (b) in tl~e event any of sa+d sums of money herein referred to be not promptty and fully paid within th~rty (30) days next aiter the same severally become due and payab~e, without demand or ~otice, o. (c) in the evem each and eve~y the stipulations, agreements, cond~rions and covenanfs of sa:d promissory note and th~s mortgage any or either are nol ~uly, promprly and fully performed, d~scharged, executed, effected, compteted, complied w~fh and abided `ay, then in e~~her or any such event the sa~d ag gregate sum mentioned in said p~omissory note then remaining unpaid, with inierest accrued, and all moneys secured hereby, shall become due and pay ab;e forthwith, or rhereafter, at the ope~on of said MORTGAGEE, as fully and completely as if all of the sa~d sums of money were o.~g~nally snpu{ated ro be pa~d on such day, anything in sa.d promissory note or in this Mwtgage to the cont+ary ~otwithsta~ding; a~d thereupo~ w thereafter at the opt~on of :a~d MORTGAGEE, w~thout not~ce or demand, suit at law or in eguity, ther2iore or thereaiter begun, may be prosecuted as if all moneys secured hereby h~d matured pr~or to ~tf institut~on. 7. That in the eve~t that at rhe beginning of w at any tine pending any suit upon this Mortgage, or to fweclose it, or to reform it, or to enfo.ce payment of any claims hereunder, said MORTGAGEE shall apply to the Court having jurisdiction the~eof for the appo~ntment ef a Receiver, such Coun shail forthwith appo~nt a receiver of said mortgagad property all and singula~, indud~ng all and singular the income, p~ofits, isaues and revenues (rum whatever :ource derived, each and every of wh:ch, it be~ng expressly unde.srood, is hereby mo:tgaged as it spec~ficalty set fwth and described in the granting and habend~m cla~ses hereof, and such Receiver shall have a~l the broad and effective funct~ons and powers in anywise entrusted by a Court to a Receiver, a~~d s~ch appointment shatl be made by such Court as an admitted equity and a matter of abso~~te righs to said MORTGAGEE, and withou~ ?eference to the adequacy or inadequacy oi the valve of the p~operty mortgaged o? to the so~vency or insolvency of said MORiGAGOR or the defendants, and thal such ren~s, profits, income, issues and revenues ~hall be applied by such Receive~ accord~ng to the lien or equity of said MORTGAGEE and the pract~ce of such Court. 8. To du1y, promptly and fully perform, discharge, exec~te, effect, comptete, comply wHh and abide by each a~d every the st~putations, agreements, conditions and covenants in sa~d promissay note and this mortgaqr set forth. 9. That in the event the ownership of the mortgaged premises, or any part thereof, becomes vested in a pe~son other than the MORTGAGOR, the h',ORTGAGEE, its successo~s and assigns, may, wi~hout notice to the MORTGAOR, deal with such successor or successor in interest with reierence to this mortgage and the debt hereby secured in the same manner as with Mo~tgagor w~thout in any way vit:ating o? discharging the Mortgagori liability here- under or upon the debt hereby secured. No sale oF the premises hereby mortgaged and no forbearance on the part of the MORTGAGEE or its successors or assigns and no eatension of the time fo~ the payment of the debt h~reby secured given by the MORTGAGEE or its successws or ass~gns, ahall operate io re~ease, d~xharge, modify change w affect the orig~nal liabil~ty of the MORTGAGOR herein, either in whole w in part. 10. It is speufically agreed that f~me is of the essence of this contrac~ and !hat no waiver oi any obl~gat~on hereunder or of the obligation se- cvred hereby shali at any time thereafter be he~d to be a waiver of the terms hereof or of the instrument secu~ed herby. 11. In add:t~o~ ro ~he forego'ng monthly payments of princ pal and inrerest required by the promissory no!e secured hereby, mortgagor covenants ~nd agrees to ~ay to mortgagee with each monihiy pay~.,em an addi:ional sum esnma~ed by mortgagee to be eq~al to 1 j 12 of the annual cost of the foflow- n~: A-All real property taxes levied or assessed agai~st thc above descri?~ed ~eal estafe. B-Prem.~~ms on fire and w]ndstorm insu~ar.ce as here~n requ~red to be carried on the ~mproveme~ts s+tuate on the above desc.ibed prem~ses. C-Pre:niums on suth mortgage guaranty insura~:te as mortgagee shall from t me to time deem fit to tarry on the loa~ secured hereby. i Mortgagee shall from time to time norify mortgagor i~ writing of the amovot due and payable hereunder and such surn sball thereupon be due and ~ cayable on the due date of fhe next month;y payment and each success~ve month thereaftcr or.til mortgagee shall notify mortgagor of a change in such 4 3•:ount. Such surns sha:l be applied by mortgagee towa!d the payment of real property taxes, insurante prem:ums, and mortgage guaranty insurance j premiums. 3 IN ITPJESS LYHEREO the sa~d MORTGAGOR has hereunto set his hand and seal the day and year first atoresaid. ' ~gned, Seal a Iive i the esence of: ' s ~7~}-- ~ _ Y~.,e /1Y~1 t5eaq (Seal) i i ~ ,,!r l, . ~SCA~~ ~T . s - - - .J-,~Y al) ` ~ . . z ;iAfE Of FLORIDA ~ ` `•a?- ` ~ ~ COUNTY OF St . Lucie ~ ~ - ~ _ 4 Before me perwnatly appeared Dorothv H. Daniels, d W1~OW ~ ;~-~r~ ~ ~s=MnT t ~ell ?novqo ~snd kno~ tv~~~ be the individuaiz drscribed in and who executed the fwegoing instrument, and acknowledged before me thnt A~'~xetutecl thd iSRws.{or•}'~ ~ur~oses ~ therein expressed. ~Oi~ IMi plr rrY G. v•~• t' v~i'e=o~li+e=seia , e~&r=r-.r~~i~ina~~r3~~ " ~m~talortbyonl~slm~r~t~spaa?t~t~ia~d~lotl~lW~stloSCJOIi~~~f~8i~~~ii~ii~iie~we~3~il~~~i'ruw~~rJe~i~iRF~itsn- ~ soRh~tlt 7tlq ~ORS~iJACb1~ ~C~pl~ilRr.ip~Rillil~' ~~i iGfio~~i~iidiwn'6anfi. - WITNE55 my hand and offic~al seal this day of Februar A. D. 19 73 = z~~ Notary Public in and for the ate of ~~brida at large 3 My Commission expires: Return To: - Firsf Federal Savings 3 Loan Associahon .;~.•~E Oi Foi~ P,~.ce. ~ - 7. 1977 1. . ~,~.,~.~rS :i:SJ~alFi.C Fort P~erce, Florida ~ • `-1 - C0. :.y This Instrume~t Prepared By Ronald L. Stutz FIIED At1C~ RECOROEO First Federal Savings 8~ Loan Association ST. LUCIE t;OUNTY FLA. , ROCEP. ~OITRAS `l, of Fort Pierce RlOtida ~ ~ CLERK Cf~~GU~T COURT ~ PFCQR'.? YERIr1Ep ~ Checked By ~8 13 ~Q 16 ~H ~~3 a = eooK 210 ~A~~ 2~ 45 24'7'709 z~ ~ ~ . _ . t__ : - - - - _ _<.a