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Home My WebLink About0978 3. To plec~ and conrinvously 4eep on tAe bui!ding~ now a hereafte~ ~Awq on u~d I~nd a~d on ~11 rq~ip~neM and pertonally cover~d by Ihit marl¢ q~, w~th all prtmiums thcrea+ pa;d in full, lire iniurance ~n ~hs uswl iundsrd policy iorm, in •~~m approv~d by ~I~e MORfGAGEE, +~~d w+nd»ar++ ~nw~ar+c+ in ~M viwl sianda~d pot:cy fam, in a ~um approved by ~M MORIGAGEE, In such compa~y o. compan~e~ ~s ~h~ MORIGAGEE ~nay d'a~c~; and ~II firs and w~ndstorm insv~~~+ce poticiei on ~ny of ia~d build~~+ps, ~ny intereet ~hercin w pa~t lhereol, in tM +q9~eq~t~ ium aforeuid w in ~~ceu tM.eof, ~hall contain the uaual uandard mortga9~s dause or such o~lw~ ctau~ ~s ~M Mortya9es may req~u~. rrukinp the loa u~+de~ sa~d poli~ ciss, each and svay, payable to said MORTGAGEE as ~h inte~est m~y appea~, and euh ~nd every such poi~cy ihall be promp~ly ata g~ed and deliverrd ~o any held by said MORTGAGEE ~s (urlhe~ seturity to ~sid matgage debt, and, not leu tMn len (10) days in advance o( the expir~t~on of esch polity, ?o d~- IivN to uid MORIGAGEE a renewal thersof, togerh~r wilh a reuip? for the premium ol s~th renewal; and there shall be no fire or windstorm in~urant~ plxtd on any of seid buildings, any iroe+et~ thcrei~ w ps~t thcreof, unles~ in th~ form and with IM lou payable as aiwessid; ~nd in the ev~nf a~y fum of ~wney becomei payab4 unde~ such poliq w poGGes iaid MORiGAGEE shall haw rhe opeion to rece~ve and spply ths same on accoum ot the indebtod- neu ~ecwed he~eby w ro permit said MORTGAGORS Io rcceive ar.d uss it a any pa~t thereof fo~ otner purFwsea, wi~hout th.trto~ wa:vi~ig o~ ~mpair- iny any equ~ty, lien w right under a by virtue of tAis mo:sgage; and in the even~ tis~d MORTGAGORS shafl (w any reason (ail ro keep the said p~emisas so insured, a fait ro detiver p~omptly a~y of said politi ~s of insurants to said MOR~GAGEE, ot fail promptly to pay fully any preenium lherefor a in any respect fail to perfwm, discharge, execute, e(lecl, complete, comply wi~h end abide by ~his cove~ant, or any part he~eof, said MORTGAGEE may piace and pay fo~ such insurancs w~~y part lhercof without waiving a a(fecting any option, litn, ~qu;ty, o? right under a by virtue of this Matgafle, •nd the full amou~t of each and every s~ch payment shall be immediately due and payable and shall bear interes~ f~om the date thereof until paid al the rate ol nine pe~ cent~m per annum and to3ether with iuch inrerest shal{ be secu~ed by the lien of this mwtgsge. 1. To permit, commit a suffer no waste, impairment or deterioration of iaid prope~ty o~ any parf the~eof. S. To pay alI and singutar the costs, charges i~d expenses, inc~uding a~easo~able sltwney i fec and costs of abstracts of title, inc~rred w paid at any time by said MOR1GAGfE, because a in the event of the faiture o~ the part of the said MORTGAGOR to d~ly, promptly and fully perform, d~scha~qe, execute, eifett, comple~e, comply with and abide by each and every the stipulations, agreements, conditions, and covcnants ol uid promissory ~ote and fRii mortgage any a either, snd sald costs, chagea and expenses, each and every, shall be immediately dve and payable; whe~her o? rwt there be notice d~ ~ mand, anemp~ to collect or auit pend~ng; ar+d the full amoum of each and every such paymem shal~ bea? inferes~ from the date the~eof until paid al the rate of nine per ce~tum per a~num; and all wid tosts, charges and e:prnses incurred w paid, together w~th such interesl, shall be secured by 1he lien of this ti mortgag~. 6. That (a) in the event of any breach of this Mortgage w defaull on the part of the MORTGAGOR, a(b) i~ the event any ot said sums of money herein referred to be not pr~mptly and fully paid within thirty (30) days next after the same ssverally become duc and payable, withoul demand o? ~otite, or (cJ in the event each anc: eve~y the stipulatlons, agreeme~ts, conditions and covenants of sa:d prom~ssory note and th~s mortgage any or either are not ~uly, promptly- and (ully performed, d~scharged, executed, effected, compteted, compiied w~th and ab~ded ~iy, then in e+the~ o~ any sucb event the said ag gregate sum mentioned in said promiuory note then remaining unpaid, with interesl acuued, and all moneys secvred hereby, shatl become due and pay- able forthwith, w thereafeer, at the option of said MORiGAGEE, as fully ard completety as it all of the said sums of money were wiginafty st~puleted to be pa~d on such day, anything in sa~d promiuory rate a in this Mortgage to the contrary notwi~hslanding; and thereupon or thereafte~ a~ the option of iaid MORTGAGEE, without not~ce or demand, suit at law or in equity, therefwt w thereaiter begun, may be prosecuted as if all mo~eys secured hereby had matured pnor lo its institution. 7. That in the event that at the begin~i~g ot or st any fime pending any suit upon th;s Mortgage, d to fweclose it, or to reform it, or to enforce paymenf of a~y claims hereunder, said MORTGAGEE shall apply to the Court having jurisd~ct~on fhereof for the appointment of s Receiver, such Court shall forthwith appoint a receiver of said mortga9ed property all and singular, incfud~ng all and singutar the income, profits, essue! and ~evenues from whatever source derived, each and every of wh~ch, i1 being expresaly understood, is hereby mortgaged as if specilically ut iwth and desaibed in Ihe yranting and habendum clauses hereof, and such Receiver shall hava alt the broad and ef(ective funct~ons and powers in anywise entrusted by a Court to a Receirtr, and such appointment shall be made by such Court as an admitred equity a~ a mattcr of absolute right fo said MORTGAGEE, and without referente to tF+e ~ adequacy a inadeg~acy of the value of the proper~y mortgaged or to the sowency or ~nsolvency o( sa~d MORiGAGOR w the defendants, and that such rents, profiK, income, issues and revenues ahall be apptied by such Receiver accord~ng to the tie~ or equity ot said MORTGAGEE and the p~actice of such CouA. ~ 8. To duly, promptly and fully perform, discharge, execute, eifect, complete, comply w~fh and abide by each a~d every the stipulations, agreements, conditions and covenants in said promissory note and this mortgage ut forth. 9. That in the event the ownership of the mortgaged premises, w any part thereoF, becomes vested in a person o1Fxr than the MORTGAGOR, the MOR7C~AGFE, its succeucKS and assigns, may, without notice to the MORTGAOR, deal with such successor o~ successw in interest with reference to this mortgage and the debt hereby secured in the same manner as with Nbrtgagor without in any way vitiating qr discharging 1he Mortgagors' liability he~r under or upon the debt hereby securzd. Na sale of the Frem;ses he+eby mortgaged and ao forbearance on the pan of the MORTGAGEE or its successon or assigns and no extens~on of the time fw the payment of the debt hereby secured give~ by the MORTGAGEE or its suctessors or auigru, ahall operate to releax, d~scharge, modify change a affect the orig~nat liabilfty o( the MORTCaAGOR hereio, either in whole w in pan. 10. tt is speuficatty agreed that time is of the essence of this contract and thaf no waiver of any ob~igation hereunder or of the obligation sr cured hereby shali at any time thereafter be held to be a waive~ of the terms hereof w of the instrument secured herLy. 11. In add~t~o~ to the fwego:~~g month!y paym=nts of princ pal and interes~ required by the prom~ssory nore secured hereb/, morlgagar covenants and agrees to pay to mo:tgagee w~th each monthly payr~ent an add~rional sum esrimared by mortgagee to be equal to l;' 12 of the ann~al cost o4 the follow- in~: A-All real property taxes le.~ed cr assessed agai~~st ~hc above described real estate. B-Prem~ums on fire and windsto~m iasurance as hcvein requ~red to be carried an the improveme~ts situate o~ the above described premises. C-Premiums on such mortgage guara~ty inwrar:ce as mortgagee shall from. t~me to time deem fit to carry on the loan secured hereby_ Mortgagee shail trom time to tim~ nnrify mortgagor in writ~ng oi the amo~nt due and payable her¢under and such sum shall thereupon be dve and Fayable on the due date of the neu month:y payment and each successive month thereafter uNit mutgagee shall notify mortgagor of a change in such amount. $uch sums sFa:i be appiied by mortgagee roward rhe payment of rea! p~operty taxes, insurance prem:ums, and mortgage guaranty insurance p!emiums. . ~ . i'" N WITNE3S YlHEREOF, the said MORTGAGOR has hereunto set his hand and seal the day and .year lirst aforesaid. ` g d, Sealed and d'v in the presence of: Ses~ {Seaq i , r~an ~ t~aq ~ I STATE Of f[ORIOA ~ ~ couNn oF St. Lucie ~ Befue me personally appea~ed • RII~ IiBB G3t11'l~ 8 i~(~GW~ ar?d ; Wflliam Edxard Gahn~ e3 Sin~.A 8dtLlti~ hF~wrf~ to me well k~own and known to me to be ~ rhe individuats described in and who executed the foregoing instrument, and ackrwwledged before me that they executed the same tor fije_,purposes 't therein expressed. ltAt!'tACS~ _ - - ~ rMe~fi~Me~sbid j~~~~r ! e~d11t11f8Atl11"b9'1~M'fa1Mlf~llpdn~l~and~ep~.~fr~~~~i~.iwM~~~ie~ew~6efe~s~n+e~ar~sF~exees~edswii~+i~~J1~1~~wAi~.a~i?wfwl? { rrHyti.~.w:ti~w?+~~?~M.~sMrrirM~rryr~~1~~~-M.f _ ~ ~ WITNESS my hand and offic~al seal this ~ s~ay of ~Al'C~1 ~ .~p,~~y~.~_ ` ~ • S, • t• ' - j ~ • . i. t Notary Public in and fw t110 Stafe-o¢ aT ler9¢_ : ' IVAy Commission expires: " ~ ` . = ! " ~ Retum To: ~ ' , ! - , , ; • = ` : _ . ~ . ~ First Federal Savings 3 loan Association '~OTk`Y r'~Li_~£2~~~~~~~QL4~:3~ ~ ~ ...fic • t~ ~ Of Fort P:erce. " , _ S1G!1 F,~pt ~ R~, R~ a~~= P~'~ i~~t- I Fori Pierce, Florida . C~. p~ l~,~._~, _P E ~EEO A~tfl 4f C . . ~ , ~ ~ y. r ~r ~ ROCF~t Pfl~tit4s ~CERR C1~~~T~OtIRr This tnstrument Prepared 8y Wlff. E. Ex'8tA1 RECOta yfa~~~ ~ First Federal Savings & Loan Association of Fort Pierce~ ~p~j,~g 1l 10 Z~ A~ ~T3 Checked By ~ . BOGK~1~ PACE 9~~ ~~s~