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Home My WebLink About2956 1~ ~ ~ 3. To place and cantinuously krrp on the bui!J~ngs now on c~reaiter s~tuate on sa~d land and on all eq~ipment and personalty tovered by lhis mort9- age, w~th all prom;ums t~ereon pa.d in f~ll, Gre insurance ~n the usual standard poGCy form, ie s wm appro~ed by the MOR~taAGfE, a~~d w~~~c~storm insu~+nce in Ihe usual ttandard pol,cy form, in a sum app~oved by the MORTGAGEE, in such company or tompanies aa the MORTGAGEE may direct; and all firs and w~nda~orm iniura~te po~~c:as ~n any of sa~d build,ngs, any interest therein or pa~~ thereot, in the aggrega~e :um aforesald or in eacess ihereof, shalt comain ~he uaual seandard mo~~gagee clause w such o~he~ clauss as the Mo~~gagee may requ+re, mal.~ng the ~oss unJrr sa~d poli- dei, each and every, payable to sa~d MORTGAGEE as ~ts ~nrerett may appear, and each and every such po:rcy shall be promptly ass gned and deGver<d ~o ~ny held by sald MORTGAGEE as funher security ~o said mortgage debt, and, not tess ~han te~ (10) days in advance of the expcot~on of each pol~ty, to da- l~ver to said MORTGAGEE a renewal thereof, together w~fh a rece~pt (or thr pre~nium o1 such renewal; and ihere s?~all be no i~re or w~nds~or~n ;nsurance p~aced on any ~f sa:d bvitdings, any intere~t therem or ps.t thereof, unless i~ the form and with ~he los~ payable as aioresaid; and ~n the eve~t any sum of money becomes payabie under such policy o~ poGcres said htORiGAGEE shall have ~he opt~on to recel,re a~td appt~ the sa~ne on account of ~he i~~drbtrd- ness secur~ hereby or to permit said MORTGAGORS to receive and use it w any pa~~ lhereof to. otnrr Nur;;oses, vn~ncut th.r~ ui ti~s~~+ ~3 or n~.p~ir- ~ng any equ~ty, I~en or right under or by virtue of this mor!gage; and in the event sa~d MO~TGAGORS shall ior any reason iail to keep the sa~d prem;s~•s so inwred, or fail 1o deliver promptly any of sa~d pcl~ties of insurance to said MORiGAGEE, or foil promptly to pay fulty any prem~vm therefor or in any respea fail ?o perform, dixhaige, ezecute, eHect, complete, comply with and ab~de by th~s tovenan?, w any part he~eof, sa~d MORTGAGEE may place a~d pay lor wch insu.ance or any part ~hrreof withoul waiving a afFecting any option, lien, equ~ty, or r~~h~ unde. w by virtue of Th~s A1o~rgage, a~d fhe full amovnt oi each and every such paymero shall be immediately due and payable and shall brar interest from the date thereoi unril po~d at ~he rate o! nine per centum pe~ annum and to~e~hor with such interesr shati tx sewred by the lien of this mortgage. 1. To permit, comm~t o~ suffer no waste, impairment w deterioration of said property or any part lhereof. S. To pay all and singular the coals, charges and expenses, including a reasonable attwney's fee a~d costs of abstrac~s of t~tte, incurred o~ paid at eny time by said MORTGAGEE, because w in the event of the failure on the part of the said MORTGAGOR to duly, promp~ty and (u:ly perfum, d~xharge. >xecute, effeU, complete, comply weh and ab:de by each and every the stipu~auons, agreements, condi~ions, and covenants of said pranissory note and ~his mortgage any or e+~her, and sa~d costs, charges and expenses, each and every, shall be immedialely due and payable; whe~her w not there be nonce da mand, attempt to tollect or s~it pending; and the ful~ amount of each and every such payment shall bea. interes~ from the date thereof until paid at the r.ere oi nine per centum per annu+n; and aU said costs, charges and expenses incurred w paid, together w~th such interest, shall be secured by the Gen of th~s mortgage. 6. That (a) in tFx event of any breach of this Mo~tgage or deia~lt on the part of the MORTGAGOR, or (b) in the event sny of sa;d sums of money herein referred to be not promp!ly and fully paid within Ih~rty (30) days next a.'te~ fhe ~ame severally beco~ne due and payable, without demand or notice, or (c) in the event each and every ~he stipulations, ag~eements, condlr~ons and cuvenants o1 sa:d promiiso~y note and th~s mortgage any o~ either arc no~ ~uly, prompdy and fully performed, d~xharged, eaecuted, effected, compteted, compGed with and ab~ded 5y, then in e~ther w any such evenl th~ sa~d ag- gregate sum mentioned in said promissory note then remaining unpa~d, with interesf accrued, and all moneys secured hereby, shatl become dus and pay- abfe forthwith, or thereafter, ~t the option of said MORTGAGEE, as fully and complete~y as if all of the said sums of money were or~ginalty st~pula~ed to be paid on such day, anything in sa:d promissory note or in this Mortgage to the coMrary notwithstandi~ig; and thereupon or thereafter al the opt~on of sa~d M.ORTGAGEE, without notice o~ demand, suit al faw or in equity, there(o~e or thereafter begun, may be prosecuted as if atl moneys secured hereby nad matured pr+or to ~ts inslitution_ 7. That in the event that at the bcginning o( or at any time pending any su~t upon this Mortgage, or to foreclose it, or to reform it, or to enforce payment of any claims hereunder, said MORTGAGEE shall apply to the Court having jur~sdiction thereof for the appo~ntment of a Receiver, such Court sha~l . fo~+hwith appoint a receiver oF said mortgaged property al{ and singular, inciud~ng aii and singular ~he income, p~of~ts, issues and revenues from whatever s: urce derived, each and every of wh~ch, it beirg expressly understood, is hereby mortgaged as if spec~fically set fo~th and dESCribed in the granring and h3bendum clauses hereof, and such Receiver shall have all the broad and effeciive funct,ons and powers in anywise entrusted by a Court to a Receiver, a~~d s~ ch appointment shall be made by such Court es an admittrd equity and a matter of absolute righl to w~d MORiGAGEE, and without reference to the adequaq o? inadequacy of the vafue of the property mortgaged or to tbe so+vency or msotvency of sald MORiGAGOR or the defer.dants, and that such renrs, profits, income, issues and revenues shall be applied by such Receiver accord~ng to the lien or equity of said MORiGAGEE and the practice of such Court. 8. To duly, promptly and fu11y perform, discharge, execute, effect, complete, comply with and abide by each and every the stipu(ations, agree~nents, conditions and covenants in sa~d promissory note artd th~s mortgage set forth. 9. That in the event the ownership of the mortgaged premises, or any part thereof, becomes vested in a perwn other than the MORTGAGOR, the "LORTGAGEE, its successon and ass~gns, may, without not~ce to ~he h10RTGAOR, deal with such successor or successor in interest with referen~e to this T.o+~gage and the debt hereby secured in the same manner as wirh Mortgagor w~thout in any way vitiating or d~scharg~ng the Mortgagors' liability here- under or upon the deb~ hereby secured. No sale of the prem;ses hereby mortgaged and no iorbearance on the part oi the /~10RTGAGEE or its s~ccessors or ass~gns and no extension o( the time for the payment of the debt hereby secured given by the MORTGAGEE or its successors or auigns, ai~all operate ro ~e~ease, d~scharge, modify change or affect the orig~nai Iiau;Gty of the MORTGAGOR herein, tither in whole or in part. 10. It is speufically agreed that time is of the essence of this contract and that no waiver of any obligation hereunder or of the obligation se- cured hereby sha~l at any time thereafter be hetd to be a waiver_ of the terms hereof or of the instrument setured herby. 11. In add:tio~ to the fo:ego:ng monthly paymeNS of pri~c'pal artd interest requ~red by the prom~ssory no!e secured hereb~, mort~agor covenaNs ~ d agrees to pay to mo~3gagee with each monthty payment an addrtional sum estin:ated by mwtyagee to be eqval to 1 j 12 of the annual cosi of the follow- ~ A-All real properry taxrs levi~d or assessed agai•ZSt the above desc.ibed reat estate. ' 8-Prem~u:ns on i~re and windstorm insurar.~e as here~n req~:red to be carried en the ~mprovements s~tuate on the above d~scribed premises. C-Premi~ms on wch mo~tgage guaranty ir.wrar.ce as mo*tyagee shail fro~e t me ro time deem fit to carry on the loan secured hereby. Mortgagee shail from time to t:me notify mo.tgagor in wr;nng of the amoum d~e artd payabte hereunder and such surn sha~~ thereupon be due and ,.+;able on the ~ue dare cf the next month:y payment and each successive momn thereafter ur:til martgagee shalt not~fy mortgagor of a change in such ounL Such sums sha:f be appiied by mortgagee toward ihe payment of real property taxes, insurance prem.ums, and mortgage guaranty ins~rance i ~~'emiums. ; IN 4YITNESS Vb'HEREOF, the said MORTGAGOR has hereunto set his hard and seal the day and year first atoresaid. E Signed Sealed and delivered in ihe presence of: ~ f ` ~ `-G - ~ - ~~~.s.a. e d~~ Ql-*' ?n et R. tseaq ~ / ` ~aq ~ ~ - - - (Seaq EV@ly . r~ (Seal) ~ ~ STATE OF fLORIDA 55. F ::OUNTY OF St ~ Li1Cle ~ ~ Before me personally appeared Kenneth R. Drew a~ m ~velyn L. rew ~ his wife, to me well known and kn~~ mr~w to'j1! ~ the individuals described in and w e ut the insfrument, and acknow~edged before me that they executed the sa ~fW~~~~~ i - ~ rherein expressed. And the said ~VQ~IT~ L. ~ . - - - ~ Kenneth R D ew v• '-'.-i'- ~,;fe of the said • Z upo~ 1e a~tenn~g ivs~d? 3 examinat~on by me taken separate and apart from her said husband, acknowledged to and before me that she executed said instrua~nt~ely' and~ lu¢~ ronly and wrthovt any com uision, constraint, apprehensiors, or fear of or from her said husband. ; ~ ¢ ' ~ i3tr. February ; t" ~ J3: _ ~ WITNESS my hand and ofFic~al seal this_- _ da y of ^ D. 19~~` ~ . . . . , . f~ . ? `0 ~ - ~ r..,~';' V/~~...-"••~R .i a~ Notary Publ~c in and for the State o# ~loriba w~ j~..~t - My Commisiwn expires: - Retum To: ^ ~ c First Federal Savings 6 Loan Associat~on t; _ ~j Of Fort Perce. ~Y v~r. ,-R„~;,r tt;~DW..OIE,itLnJk i74 Fort F~erce, Flor~d,+ ' fILEO t,r;G ~ECJROED ft LUCIE WUN7Y F~~, ROCE~+ r . CIEkK Ci;t •G:7R~5 ~ ~ This Instrument Prepared By Johr~ LJ~ Collins ~~~T COURT ~ First Federal Savings 8~ Loan Association pE~OR^ yc: ! E~~ un of Fort Pierce ~ Florida ~e1~ ~ 3~ ~ ~ 73 :y Checked B ?~-~y ~ ' ~r'4??I/ js ~ = ~ SCt~?~U fl16~~,a~ ~ ~ _ _ ~ ' - - r ~ ~ ~ ~ ~'.~~..~,.~~r_._ . ..r.~:~