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Home My WebLink About0974 3. To plx~ and continuw~ity ke~p on th~ build~r?ps now or M+eafta situa~~ on ~aid I~nd ~nd on all equiprnent ~nd p~nonally cova~d by ~his mortq~ with ~II pr~miums IMrawn pa~d i~ (u~l, fire iniur~nc~ ~n tM ui~al ~iandard pot~cy fam. in ~ fum approv~d by ~he MORiGAGEE, a~d w~nd~~am inswa~c~ in tM usual ~~andard pol~cy fam. In • sum ~pp~ovd by ~M MORTGAGEE, in uxh canpany or compan~es a tM MORTGAGEE n+~y d'u~ctt and aU fin and w;i+dsrorm in~~ranu policies oa ~ey of said bvild~rp~. ~ny inqr~st 1F~eio a pat ther~of, ie tM p9rsyN~ s~m ~forta~d or in ~aass 1her~of. shdl contain tM uwal s~andard moreya~ clauw w such otlw. elauN as tM Morfq~pN may reqwr+. makirg fM bu unda ~a~d pol~ c~a. tach ~nd ~very. paYabi~ to iaid MORiGAGEE ai in inteaeat may appear. and each and tvery ~vch policy thall b~ pra+nptly a~s p~ed a~d delivered ~o •ny Mld by iaid MORiGAGEE ~s further security to s+id mortya~ deb~, and, not leu tMn ten (10) days in advance o( tM expirat~on of each policy, to dr livK 1o wid MORiGAGEE a ra+ewal lhereof, topeti~ with • receipl fw the prrmium of ~~ch renewa~; and ~here sMll M no f~re o~ winds~orm insurance pl~ted o~ any oi said buildieg~, any i~teretl tF+erei~ or p+rt thereof, unleu in 1he iwm ~nd with tF+~ loss p+yable sf eiwes+ids and in the tvtM a~y swn of nwrwy becomas pay+ble ur+d~r such policy a policiei said MORTGAGEE ~hall Mw tF~ opi~on ~o receive a~d appty tM same on accoum oi the lndebeed- ness secu~ed hereby w 1o permit said MORIGAGORS to recsivs and us~ it w any part th~reot fw other purposes, w~thout th;reu~ waiving o~ in+pair- irg any equity, lien w righl ~ndc? or by virtus of this morsQag~; ~nd in eM event ~aid MORTGAGORS shall for any reason fail to kcep the uid p~emisas so insured, a fail to deliver prornptly any of said policies of insursnts to said lNORTGAGEE, a fael promptly fo pay (ully any premium the~efor a in any respect fail to pKfo~m, distlWrge, exetute, e(fec1, complete, comply with ~nd ~bide by this toveoant, w ~ny part hereoi, taid MORTGAGEE may plsce and pay fo~ such insurant~ or any part thereof without waiving or ~ffactinp a~y optian. lien, eqvity, w rigM under a by virtw of tl?is Mo+tgaQe, and the tull amount of each and ewry ~+xh paymenf shall be immediately dve and payable +nd shall bear inte~est from the date thereof unril paid at ~M rate of n~ns per centum per annum snd toge~her with such interest shall be setured by ths lien of this mortgsge. 4. To permit, commit or tuffer no waste, impairment or deteriwation of said prope~ty w any put thueof. ) 5. To pay all and singulu the cosh, charges and expenses,~including a ~easonable attornrys fee and wsq of ab~t?ads of tille, incvrred or psid at . t eny time by said MORTGAGfE, because or in the event of the failure on tM pah of the ssid MORTGAGOR to duly, promp~ly and fully pe?fwm, d~xhsrge, execute, effecl, complete, comply with and ablde by cach and every the uipulat~ona, agrcements, condiliau, snd covcnants oI said promissory note and ihi~ mortgaye any w eithcr, and sa~d cosfs, charges aod expenses, each and every, shall bs immediately dve end payable; whether or not there be notice dr mand, attempf ro coltect or wit pend~ng~ and the full amount of esch and every iuch paymem shall bea? interes~ from the date thereof until paid at the rate of nine per centum per ann~m; and all said tosts, charges and expenxs incurred w paid, toqether with suth inlerest, shall be secured by the lien of this matyaQs. 6. That (a) in the event of any b~each of this Mortgage or default on tM parf of the MORTGAGOR, a(b) in the event sny of said s~ms of mor~ey herein referred to be not promptly and fully paid within thirty (30) days next after the ume seve~atty become due and payable, without demand or notice, or (cJ in the ever+t each and eve~y the stiputations, agreements, conditans and covenaots of sa~d promiswry note and th~s mortgage any w either are not ~uly, promptly and (ully performed, d~uharged, executed, eitected, completed, complied with and abided by, then in either w any such event the said ag gregsts wm mentioned in said promiuory note then ~emaining unpaid, with intereat stuucd, and atl mo~eys secu~ed Fxreby, fhall betome due and pay- able forthwith, w thereafte~, at the option of said MORTGAGEE, as fully and completely es if all of ~he said t~ms of money we?e originally s~ipulsted to be paid on such day, anything in said promiuory ~?ote or in this Mortgage to the contrary notwithsfandi»g; and thereupa~ w thereaiter at the option of sa;d MORTGAGEE, without notice or demand, suit at law ot i~ equity, therefwe or thereafter begun, may be prosecuted ss if all moneys secured hereby had matvretJ prior to its institution. 7. That in the event that at the beginning of w st aoy time ~rg any suit upon this Mortgage, or ro fweclou it, o~ to refwm it, or to enforce payment of any claims h~reunder, said MORTGAGEE shall apply to the Covrt having jurisd~ction tFwreof for ~he appointment of a Receiver, s~ch Cou?t shall Forthwith appoint a receiver of said mortgaged prpperty all and singular, includ~ng all and singular the income, profits, iuues and revenues irom whatever source derived, each and every o( whrch, it being expressly ur~deas?ood, is hereby mortgaged ss if spec~fically set forth and described in the grantir~g and habendum cla~ses hereof, and such Recriver shall have all tlx bro~d and effective funct~o~s and powers in anywise entrusted by a Court to a Receiver, and s~ch sppointment shall be made by such Cou~t as en admitted eqvity and a matter o( absotute right fo said MQRTGAGEE, and without reference to iF?e adequscy a inadequaty of the value of the properry mwtgaged w to the solvency a insotvency of said RIIORTGAGOR or the defendants, and that such renrs, profits, income, iswes and revenues shall be applied by such Receiver MCO(di~ 10 tIl! {iM Of e~ity of said MORTGAGEE and the practice of such Court. 8. To dvly, p~omp!!y and fully peifwm, d~scharge, execute, effect, mmplete, compty with and abide by each and every the stipulations, agreeme~ts, conditans and covenants in said promissory note and this mwtgage set forth. 9. That in the event the ownership of the mortgaged premises, w any part thereof, becomes vested in a person other than the MORTGAGQR, the MOR7GAGEE, its successors and assigns, may, wirhout rotice to ~he MORTGAOR, deaf with such successw or successor in interest wi~h reference to thia mortgage and the debt hereby setured in the same mannet as with IAortgagw without in any way vitiating p diuharging the Mortgagori liability hero- - under or upon the debt F?ereby sec~red. No sale of the premises hereby mortgaged and no fwlxarance on the parf of tF~e MORiGAGEE or its successws or auigns and no eatension of the time fw'the payment of the deb~ hereby secured given by the MORTGAGEE or its succeswrs w auigns, shall operate to release, d~uharge, mpdify chsnge or affect the orginal liabiliry of the MORTGAGOR herein, either in whote w in part. 10. It is specifically agreed that time is of the esunce of tFis contract a~d that no waiver of any obligatton hereunder a of the oblgation se- cured heteby sAall at any time thereafter be held to be a waiver of the te~ms hereof u of the instrument secured herby. 11 _ In addition to the fwego:ng monthly payments of princ"pal and inte.est required by the promiswry note secured hereby, mortgagor covenants and agrees to pay to mortgagee with each monthly payrnent an add~~ional sum estimated by mort~agee fo be equal to 1/i2 of the annual cost of the follow- in~: A-AI! real p~operty taxes levied w assessed against the above desttibed real estate. B-Premiums on fire and windstorm insurance as herein requ~red lo be carried on tF~e improveme~ts situate o~ the above d~scribed premises. C-Premiums on such mortgage guaranty insurance as mortgagee shall from t:me to time deem fit to carry on the loan secured hereby. Mortgagee shaii from time to time notify mortgagor in writing of the amount due and payable hereunder and such sum shall thereupon be due and ~ayable on the due date of the next monthly payment and each successive month thereafter urtil mortgagee shall notify mortgago~ of a change in such amount_ $uch sums sF.all be applied by mwtgagee toward the payment of real property taxes, ins~rance prem;ums, and mwtgage guaranty insurance premiuma. IN WITNESS WHEREOF, the said MORTGAGOR has hereunto set his hand and seal the day and esr first aforesaid_ Sgned. Sealed arcd de ivered,rin the pres nce of: i . ~~~^~~~~k J'T.~ - ~Q -fSes4 - Patricia L. Mochko~ a S~a~,n adult tc~aq t~sq STAiE OF FLORIDA ~ St. Lucie ~ couNn oF Befwe me personally appeared Pat rie ia L. Moc hkv, a s ingle ad ul t __~i~Is~i~e, to me welt known and known to me to be the individuai~ described in and who exetuted the faegoing inst?~ment, and acknowlydged befwe me that fhe~ executed the same for tfie purposes t ~herein expressed. ~Md ~M ~ -~arife -oF N?e 4aid~ ~ ~ _ ~ ~ ~ ~ ~ ~ _ _ ~ ~ _ _ _ _ ~ ~ _ - . _ _ _ _ - .rup~i~? ~eps~afi.~t~d qriwt~ ~ _esamir~atiow by +n~ lakan.s~pi~se.md apa W.[rora ~r~aid b~rbaod. ~ckaowledged ~a.apd b~far~ ar sha~.s6~ wu~ted s~ai~l.i~ii~ trKi~raLf4tiIK ~ad.vokio~ ~ _rarily~and yrithortan~ caoprts:o~n. cnastraiot~aPprohr ~Sea~ oi~ac ~roro bv said.~..s~-•••+ • ~ . . . . . WlTNFSS my hsnd and official seal thi - day of = ~/?.~R:• l0?~ .1, _ . otary Public in nd or t ats~ cQ florids af li?~e; = My Commiuion ex ' es. ~~y fc ` Retum To: t~~.~ , d~,~ v' _„Z'~ ~ ' firtt Federsl Savings 6 loan Association ~ Of Forf P~erce. , ' ~ j ; - Fort Pierce, Florida f LEO AND RECOR8E0 • =~.luC1E COUNTY fLA. ~ This Instrument Prepared By D. F. Holergez ~LERK C~~i.Ut COUIIT First Federal Savings ~ Loan Association RECORU YEF:f1E~ of Fort Pierce , Rlorida ~y 1 Checked B ~ 'Y ~Z ~ J y 2s~ss4 so~K 212 PAG: 974 ab ~ -