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Home My WebLink About2854 3. To place and co~tinuously keep on the buitdings now or hereaiter ~ituate on sa~d tar+d and on all equip~nent ~nd pe.sonally cove~ed by this mortg sgs, with all premiumf thercon ps~d in ful1, (ire insurante in Ihe usua{ stan~ard policy form, in a sum approved by the A10RiGAGEE, and windstoim insurance in 1M usual ~~anda~d pol~cy form, i~ a sum approved by the MORTGAGEE. iuth company o~ compan~es as ~he MORTGAGEE msy d;rect; ~nd all fire and w~nd~torm insurancs policiet on ~ny of said b~ild~n9i, any interest therein or pa~f thereof, in tM aggrcga~e ~um aiweia~d a in exceu Ihereof, sMll conteio the usual standard mortpa9es cbuse a such ahe~ dauss aa ~M Mwtgagee may requ~re, maki~y the loss under •a~d poli- cie~, each and every, payabte to isid MORTGAGEE a~ its interest may appear, ~nd each aod eve.y such pol~cy shall be promptly ass gned and deliverrd ?o any held by s~id MORTGAGEE ai further security to said matgape debt, ~nd, not leu than ten (10) days in advance of the expi~~tion of each pol~cy, to da iivN to iaid MORTGAGEE a renewal thereof, to9etMr w+th a rece~pt fw the premivm of such renewat; snd ~here shall be no iiro or windstorm insurance pl~ced on ~ny of Hid buildinps, ~ny interesl tMrein a part therwf, unless ~n ths form and with tM lou payable as siore~aid; and in ~M event any ium of money b~comes payabte under such poliq a policies said MORTGAGEE ihall h~ve the option to rece~ve and apply the iame on accoum of the indsbted ness ucured Mreby a to permit uid MORTGAGORS ro receive and use it a any part thereof for o~hcr purposes. .v~~hout th:~~b~ wai~~:~g or ~mpair- ing any equ~ty, I~en w rgh~ under or by virtw of this mo:t~agt; and in the tvent s~~d MORTGAGORS shall for ~ny reason fail to keep the s~~d prem~ses so insured, p fail to deliver promptly any of wid policies of insurancs to said MORTGAGEE, or fail promptly to pay fulty any prem;um therefor or in any re~pect fail to perform, discharge, execute, affec~, complete, comply with and ab~ by this tove~ant, w any part hereoi, sa~d MORTGAGEE may plsce a~d pay fw such insurance ot any part thtr-of without waiiin~ w affecti~g any option, lien, equity, a right under w by virrue of this Matgage, and tht full amoun~ of each a~d every such payment shall be immedi~tely due and payabls and shall bear interes~ from tM date thereof until paid at the rate ol nine per tentum per annum ~nd together with such interest shati be sccur~ by the lisn of thit mwtgage. 1. To permit, commit or suffer no w~ste, impairment or deteriorstion of said propc~ty w~ny part thereof. 5. To pay all and singutar the cwts, charget and expenses, including a re+sonable attaney i fee snd costs of abstrscts of title, incurred or pa~d a~ any time by uid MORTGAGEE, beca~se a in the event of the faflure on ~he parl of ~M ssid MORTGAGOR to duty, prompity and fully perform, d~scharge, execute, effect, complete, comply with and ab~de by each and every the stipulations, agreements, conditioru, •nd covenants of said promisswy ~ote and this mortgaye any q either, ~nd sa~d coits, tharget and expenses, each and every, ih~ll be immadiately due and payable; whether or not there be notice dr mand, attempt to collect or ~vit pending; and the iull amo~nt of each and every such paymenf ~hall bea. irterest from ~he date thereof unril paid at the rare of nine per centum per annum; and all said costs, charget and eapenus ~ncurred a paid, together with tuch interest, ~hall be secured by the lien of thit mottpage. 6. That (a) in 1Me event of sny beach of this AAwtgspe or default on the part of the MORTGAGOR, w(b) in the event any of said tums of money herein referred to ba not promptly and fulty paid within thirty (30) d~ys ~?eat after the same sever~lly become due and payable, withoul demand or ~otice, or (c) in the svent cach and every the stipulations, agreements, conditions and covens~ts of sa:d promissory note and th~s mortyage any w e~~he? are not ~uly, promplly snd fully perfwmed, d~scMrged, executed, effecttd, completed, complied with and abided by, then in e~thcr w any such event the said ag 3regate tum mtntaned in said promissory note thcn remaining unpaid, with interest ~tuued, and aq moneys secured hercby, thatl become due and pay able fonhwith, or tlxreafter, at tF+e option of sa~d MORTGAGEE, as fvlly and complefely aa if ~II of the said sumi oi money were aiginally s~~pulated ro be paid on s~ch day, anythiny in satd promissory note or in this Mortgage to the contrary notwi?hstanding; ane! thereupon a thereafeer at rhe opt~on of sa~d MORTGAGEE, without norice w demar+d, iuit at taw or in equity, therefore w thereafter begun, may be prosecuted ~s if all moneyi secured hcreby nad marured pr~a to its irntitutiw~. ' 7. That in the event tMt at the beginning of w at any time pending any svit ~pon this Nbrtgsge, w to faectose it, or to reiorm it, w ro enfores payment ot any claims hsreunder, said MORTGAGEE shall appty to the CouN havirg jurisd~ction thereof fw the appointment of s Receiver, svch Court shall forthwith appoint a receiver of said mwtgayed property ~II ~nd ~irgular, inttud~nq all ~nd singula~ the in:ome, p+ofits, issues and revenues from whatever source derived, each and every of which, it beinp eapressly understood, it hereby mortgsged at if apecifically set fath and dewibed in 1he yranting and habcndum clavses hereof, and such Receiver shal~ have all the broad and effective furict~ons and poweri in anywise entrusted by • Court to e Receiver, a~d s:,ch appointment shall be made by such Court as an edmitted eqvity •nd ~ rr+~tter of sbsolute rtght to said MORTGAGEE, ~nd without reference to the adequacy or inadequacy of the value of the property mortgaged w to the wtvency or insolvency of said MORTGAGOR a the defendants, and that such ren+s, profits, i~come, issues snd revenuea ihall be appiied by such Receiver ~ccordinp to the lien or equity of said MORTGAGEE and ~he practice of such CovA. 8. To duly, promptly and fully perform, discha?ge, execute, effcct, complete, comply with •nd abide by each and eve?y the stipu~atio~s, egreements, conditioru ~nd coven~nts in w~d promissory note and this mortgage set fwth_ 9. Thst in the event the ownership of the mortgaqed premises, w any part thereof, becomes vested in a person other fhan the MORTGAGOR, the MORTGAGEE, its succeuws and ass~gns, may, wirhout norice to the MORTGAOR, deal with such successor or succeasor in interest with reference ro this mortg~ge and the dtbt hereby secured in the same manner as with Mortgagw withouf in •ny way vitiating p diuharging the Mortyagori liahility herr under a upon the debt hereby secured. No ssle of the premises hereby mortgsged •nd no forbeer~nce on the part of the MORTGAGEE w its successors or assigns and no exrens~on of the time fw the payment of the debt hereby setured qiven by the MORTGAGEE or its successas or ass~gns, .hall operete ro release, d~:charye, modify change or affect the origi~al lieb~lity of the MORTGAGOR herein, eithtr in whole or in part. 10. It is specifically agreed that time is of the essence of this contrsct •nd that no waiver of any obligation hereunder or of the obligstion se- cured hereby sMlt at any time thereafter be held to be a waiver of the terms hereoi w of the instrument secured herby. 11. In add~tion to the forego:ng monthly payments of princ pal and interest required by the prom:ssory note secured hereby, mortgagor covenants and agrecs to pay to mo:tgagee with each mon~hly payment an add~rional sum estimated by mortgagee to be equal to 1/12 of the annual cost of the follow- ~~:g: A-Atl real property taxes le~ied or assessed against the above described real estate. B-prrmiums on fire and windstorm insurance as he:e~n requ~red to be carried on the improvements situate on the above described premises. ' C-Premiums on such mortgage guaranty insurar~ce as mortgagee shall from t~me to time deem fit to carry on the loan secured hereby. Mortgagee shall from time to time notify mortgagor in writing of the amount due and payable hereunder and such sum shall thereupon be due and ; ; avable on the due date of the next monthly paymem and each successive month thereafter ur.ti! mortgagee shall notify mortgagor of a change in suth ±•~:ount. Such sums shall be applied by mo~tgagee toward the payment of real property taxes, insurance prem;ums, and mongage guaranty inaurance ~ premiums. IU WITNE55 :VHEREOF, the sa~d MORTGAGOR has hereunto xt his hand and seal the day snd year first aforesaid. Siyned, Sealed and delivered .in the preunce of: ~ € ~ ~ L iYVmf.~-C.GL ' ~ Seal) ; _ ~ ~ ~ ~ nt S erlin Jr _~~,n ` - ~ ' ts~aq ~ inda P. Sfiamerlin ~~aq ~ ' S7ATE OF FLORIDA ~ St. Lucie € COUNTY OF ~ Before me personally appeared BrYdl~t A• Susnezl in ..jI • a~ ~ Linda P. Sumaerlin his wife, to me well known and k~own to me to be ~ rhe individuals described in ~nd who executed the fwegoin9 instrumenT, ~nd ecknowiedged befwe me ihat they executed the same fw the purposes Q rherein eapressed. And tF?s said j.1flC1A P. Summerl in j +~~Fe of the said BZyant l+. Summerlin, J2. , upon a u rate ~nd (vate ` P+ P? = examination by me taken separote and spart from her said husband, atknowledged to end before me that •he exetuted said instrument freei~t and voluo- ~ rarily and without any compulsion, constroint, apprehenuon, or fear of or from her sajd husband. ' 3 WITNESS my hand and offic~al seal this a~ da of Feb~cuary • 73 y , -..t- ~ ' ~ A: D_ ' 19 ~ f' ,?~JT: ^!f; t_~..' * ~ Notary Public in arfd for the State Af FbIWa ~f lar9e " My Commiuion lxpire~f j ' ~J ~ ~ J . Return To: _ first Feder~l Savi~gs 6 lwn Association ~ Of Fort P:erce. , ~ Fort Pierce, Florida G ' ~ FILED AND qECORDED ST.:uc~: ~~uMrr F~~. - This Instrument Prepared By J. H. Roberts, Jz. ~~r,~;, ;,J~. ` First Federal Savings ~ Loan Association CCE=:K r:.,_RAS _ of Fort Pierce, Floz ida AEr. y; -_;E' COURt - Checked By rEe13 10 j6 aH ~13 ~ ~~.~~'1~J ~~~t2~~1' ~ ~ _ ,~4`7'712 { - : _ ' . , _s ~.m~n - _ _ _ . . ~