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Home My WebLink About1685 To plxe and <ontinua,sty keep on the bui!dirgi oow a hero~ittr s~twl~ on fa~d land and on all equ~p~nent a,d psrionally covtred by ~his matq~ ag~, witA ail premiumi thereon pa~d in iull, fire i~~ur~nce ~n ~M usual titsndard policy fam, in ~ tum appro~ed b~ tM MORIGAGEE, a~xl wi~+dstam inw~anc~ in tM usual ~unda~d pol~cy fwm, in ~ ~um approved by ~M MORTGAGEE, i~ wcA canpany w compan~ei as rhe MORTGAGEE r+++y , d~rec~; and all (ire and w~~d~torm insurance polide~ on ~ny of iaid bvild~nps. ~~y i~ttr~st 1Mrei~ a part ~hereof, in li?~ a99re9at~ wm alu~sa~d w in ~acess thercoi, ~MII contain the usual ~fandard matyayee clauss w such o~F+N clius~ ~i tM Matpag~e may requ~r~, ma?irq ths lou undr~ a+~d poli~ cies, each and eve~y, payable ~o u~d MORiGAGEE as its int,e~esl may +ppea~, and each and every such poi~cy shall be promp~ly ~~s gned and delivered to any held by wid MORTGAGEE as (urthe~ secu~ity to said mortgage debt, and, no~ !tu tMn ten (101 days in advsnce of the expirst~on of each policy, to de- livsr to said MORiGAGEE a renewal thc~Nf, to~elher with a ret~ipt for the premium of such renewal; and ~here shall bs no f~re or winds~orm insurancs placed on any ol said buildin~s. ~ny in?eresf thcreio or put ther~of, unku in tht fam ~nd with th~ lou payaWe as ata~said: and ir, tM evtot any sum of mpney becpmq payabte under such policy w policies iaid MORTGAGEE shall havs tM option Io receive and apply ths san~e on accoum o( the indebted- i nets setured hereby w fo permit ssid MORTGAGORS to rtteive and us~ it or any parf Ihereo( lor oti~cr pu~poses, w~tho~t th_reu~ waivi~y o~ ~mpdir- iny any equ~ty, lien o~ righ~ under a by virtue of this mo:!gage; ~nd in the eveN said MORTGAGORS shall {w sny reasw~ fail fo keep ~he said premiirs so insured, a fail ro deliver promptly ~ny of said pol~cies of insur~~ce to s~~d MURTGAGEE, or iail promptly to pay futly any premium therefw a in a~y respect fail ~o pe~fam, d~xharge, eaecute, efFect, complete, comply with +nd abide by thi~ covenan~, a any part hereoi, said MORTGAGEE may pl~ce and pey (w such insurance or any part thereof without waivir+g or iffec~inp ae~y option. ~ien, equity, w right under w by virtue of this Mat9age, and the (~II amount o( each and every such payme~t shall be immediately dw and payable ~nd shall bear interesl from the date thereo( until paid ~t the rata ol nine per centum per annum and to~ethe~ with such inrereat shatl tx secured by the lien of this mwlgage. To permit, commit or auffer no waste, impairment w deterioration of said property w any parf thereof. S. To pay all and singular the costs, charges snd expenses, including a reasonable ananey's tee and costs of abstrads of title, incurred or paid at any time by said MORTGAGEE, because or in the evem of ~he.failure on the pan of the said MORTGAGOR to duty, qromptly and fully per(orm, d~xharge. execute, effed, complete, comply with and ab:de by exh and every tF+e stipulations, agreements, conditions, and covenants of said p~omiuory note and thit mortgage any o? ei~he~, and said costs, charges and expenses, each and evcry, shall be immed~ately due and payabte; whethe~ or not there be notKe dr mand, attempt to colkd or suit pend~ng; and the full amount of each and every such payrrKn~ shall bear iMeresl from Ihe daie thc~cot until paid ~t the rare of nine per cenwm par an~~um; and all said costs, charges and expensea incurred o~ paid, together with such interest, shall be secuced by the lie~ of this mwtgage. 6. That (a) in the event of any breach of this Matgage or deiault on the part of the MORTGAGOR, or (b) in the event any of said svms of money herein referred to be not promptly and fully paid wifhin thirty ~30) days next aiter the same severatly becane due and payable, wilhout demand or notice, or (c) in the event each and every the stipulations, agrcements, conditions and covenants o! sa;d promiuory note and th~s morlgage any a eithe~•are no1 ~uly, promptly and iutly perfwmed, d~scharged, executed, eifected, canpfeted, complied wi~h and abidrd b/, then in e~ther or any such event the said ag- • gregate sum mentaned in said promisawy note then remaining unpaid, with interest accrued, and all moneys secured he~eby, shatl become due and pay~ able forthwith, o+ thereafter, at the opfion of said MORTGAGEE, as fully and completely as il all of the said sums of money were orginslly slipulated to be paed on such day, anyfhiog in sa:d p.omissory note or in this Mortgage to the contrery notwithstanding; and~ thereupon or thercafte~ at the option of s~id MORTGAGEE, wi~hout ~ot~ce or demand, suit at law w in equity, therefore w thereafter begun, may be prosecuttd as if all moneys secured hereby had matured pr~ot to its institution. 7. That in the event that at the beginning of or at any time pending any suit upon this Mortgage, o~ to foreclose it, or to reform it, or to enforce j payment of any claims hereunder, said MORTGAGEE shall appty to the Court having jurisd~ct;on fhereof for th~appointment of a Receiver, such Coun shall forthwith appoint a receiver of said mwtgaged property all and singular, includ~ng atl and singular the income, prof~ts, issues and roveaues irom whatever source derived, each and every oi which, it being expressly understood, is hereby mortgaged as if speufically set fdth and described in the grantirg a~d ; habendum clauses hereof,'and such Receive? shall have atl the broad a~d effective funct~ons and powers in anywiu entrusted by a Cour~ to s Receiver, and ~ s~..ch appointment shall be made by such Court as an admitted equity and a matter of absolute right to .said MORiGAGEE, aod wuhout refereoce to the adequaq w i~adequacy of the value of the property mortgaged o~ to the solvency w insotvency ot~ said AAORTGAGOR or the defendants, and tFwt such ren~s, profits, income, issues and ~eve~ues shall be applied by such Receive~ accord~+~g to the ~ien or equity of said MORTGAGEE and the practice of such Courf. 8. To du1y, promptly and fully perform, discharge, execute, effect, mmplete, comply wirh and abide by each and every the stipulations, agreeme/~ts, conditions and covenants in sa~d promissory note and this mortgage ser f«th. 9. lhat in the event ~he ownership of the mortgaqed premises, or any part thereof, becomes vested in a person other fhan the MORTGAGOR, the M.ORTGAGEE, its successors and ass~gns, may, without notice to the MORTGAOR, deal w~th such sutceuw w successw in interest with re(erence to thia moitgage ar.d the debt hereby secured in the same manner as with Mo~tgagor without in any way vitiating or d~scharging the Mwtgagors' liability herr ~ under w upon the debt hereby secu~ed. tJo sale of the prem+ses hereby mortgaged and no forbearance on the part of the MORTGAGEE or its s~ccessors or assigns and no extension of the time fa the payment of the debt hereby secured given by ~he MORTGAGEE or its successors w assigns, atiall operate t ro release, d~scharge, modify change o? affect the original liabil~ty of the MGRTGAGOR herei~, either in whole or in part. + 10_ It is specifically agreed that time is of the essencr of this contract and that no waiver of any obligation hereunder or of the oblgation se- ; cured hereby shall at any time thereafter be held fo be a waiver of the terms hereof or of ~he instrument secured herby. ~ I 1. In add;t:o~ to the forego:ng mont!~!y payments of princ pal and i~terest required by the prom~ssory no!e setured hereby, morigagor tovena~ts a~d agrees to pay to mortgagee v~ith each monthly payment an add~rional som est~mated by mortgagee to be equal to 1 j 12 of the annual cost of the follow- ~ i n~: i A-All reaf property taxes levied or assessed against the above dexribed reaf estate. B--Premiums on iire and windstorm ir.suracce as herein requ~red to be carried on the ~mprovements situate on the above described premises. C-Premiu~ns on such mortgage guaranty insurar.~e as mortgagee shall from t;ne to time deem fit to carry on the ban secured hereby. Mortgagee shatl from t~me to t~me not~fy mortyagor in writing of the amo~nt d~e and payable hereunder and such sum shall thrreupon be due and cayable on the d~e dare of the next monthty payment and eacfi successive month thereafter ur.til mwtgagee shall notify mortgagor of a change in such amount. Such sums shaEl be appiied by mortgag~e toward the payment of real property taxes, insurante prem:ums, and mortgage guaraniy insurance ~ premiums. - ` ~ 1 NE55 11YHEREOF, the said MORTGAGOR has he~eunto set his hand and seal the day year first afwesaid_ ` E ned, Sea! • d ver d`the p?esence of: i 0••~J ` al) i Dav1d C. Eger ~a~~ ~ ~ ~ 4'~ m- ayC,1./~J ~Sean ~ Car01 M. EgerB ~~a~~ STATE OF FIORIDA ~ St. Lucie couNn oF Before me penonally appeared ~~d C• ~(JerS and ~ CaZ01 M• Bgers his wife, to me well known and know~ to me to be i ~ rhe individuals described in and who executed tF?e foregoing instrumeat, and atknowledged before me that they exetuted the same for the purposes ~ ~ therein expressed. And the said Ca Y01 M• Egers . , ~ wife of the said David C. Egers upon a~separafe.snd private ~ ~ examination by me taken separate and apart from her said husband, acknowledged to and before me tFwt she executed said irutrurt~ant freely'qi~ vglurr t` tari;y and w~thout any compuisan, constraint, apprehens~ n fear of w from her said husband. ' = ~ WITNESS my hand and offic;al seal this- day of ~ r ' 4" ~ jg ~ - ~ ~ - Notary Public in snd fw the Sta ~f ti~?ye~:~~ ~ ~ My Commiu'ron expi~ARy $'~A d IDA ~ Return To: - ' 4 Fint federal Savi s 6 loan Associat~on MY COMMISSIOn EXPIR~S_Q~~`:A,Z9, 147s ; n9 w~nd^A Thru C,• ~e.~~~~~auce ~fn_tn!rNer. ? Of Fort P~e:ce. ' ' f~ ~ ~ Fort Pierce. Floreda ~ 'y i f1{.EO ANp RECORO[! ~ ti~ i ~ sT. ~uc~E couMTr Fu. ~ # ROCER r01TRAS ~ ~ CIERII Ct9CUlT COURT ~ This Instrument Prepared By John W. Collins AECORO VERti1Ep~~ _ ~ First Federal Savings b Loan Association ` ~ of Fort Pierce, Florida ~ s3 ~ ~ ~ j < ~ Checked By F~~ _ s ~ 251080 ; ~ js , aucr ~ ° R z~z P~~:ss~ - ~ ~x _ - - _