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Home My WebLink About1691 To p~ace and com~noo~siy keep on ~ne ~ui'du~s ~~o+v o~ hereafter s~~ua~e on se~d land and on a!t equ~p~nent and per~ona~ly covered by thif ma~g- p~, wilh all premiums thereon pa~J in full, f~re inw~~nca m the usual st+nderd po!~cy fam, in • ium approved by the MORiGAGEE, a~~d w~ndatam ins~rance in ~hs uiual s~andard po~,cy fo~m, in a sum a4Pro+ed by the MORfGAGEE, in such canpa~y a co~*~p+~~es ai the MORIGAGEE may direct; +nd all (irs and w~ndsrcrm insura~te policiet on an~1 0( sa~d bu~id~ngs, any in~e~es~ there~n w part thereof. in ~he +99~tyste ~um afue~aid w in ~aceu thereof, shall co~~ein ~he usual i~andard mortgagee c~ause w iuch o~her clauss as ~M Ma~yagee may requ~re. M+~~~+q ~tm loss undar sa~d po~i- ciss. Nch and every, payabie ro said A1pRTGAGEE ~s its inte~rsl may appear, a~x! each and eve~y such policy shall be p.anptlY ass g~~ed and delivered ~o ~ny held by sa~d MORTGAGEE as furrher security ~o aaid mo~igage debt, and, no~ ~eu than ten (10) days in adva~xe of ~he eapirat~on of eich policy, to d~- IivM to said MORiGAGEE a re~+ewal thaeof, toge~her wiih a rece~pl for the premium of such renewal; and ~he~e ihall be ~o f~ro or winds~onn insuru+ce pl~ted on any of said buildi.~gs, any iMerest Ihuein Qr part thrrcof, unless in tM (orm and wi~h the ~oss p+Yabfe a~ afuesaid; e~ in the event any tum . of money become~ payable u~der s~ch policy or pol~cies iaid MORiGAGEE shatl have ~he option 1o reteive and apply the same on atcount of Ihe i~~debted~ ~ ness secwed hereby a ro permit sa~d MORTGAGORS to rcteive and use it w any part thereof fcr oti~cr purt~oses. .•.~iho~t ~ha•. u~ .va~~~.~~ o~ ~~~~p.~~~- i ing any equity, lien a right under or by virtue of this matgage; and in Ihe event ta~d MORTGAGORS shall fa any reason fail to keep the said premisas w ins~red, or fail to deliver promp~ly any of said polrcies ol insurance to said MORIGAGEE, or fa~l promptly to pay lully any pre~n~um thereior or in a~y respect fail to perfam, d~scharge, executa, effect, complete, comply wiih and abide by th~s covenan~, or any pert F+ereof, se,d MOR(GAGEE may piace a~d pay fa such insurance o~ any part thereof w~thout waiving w affecting any opnon, lien. equ~ty, or righl under o~ by virtue oi thia Matgape, and tht full amount of each a~d every s~ch paymen? shall be immediately due and payable ~nd shall beu interesl from Ihe date thereot until paid al tFx rate ol nine pe~ tentum per ano~m a~~d ro~etha~ with such inte~cs! shall be s~ured by lhe lien of this mortgage. 1. To permit, commit or suffer no waste, impairment or deterioration of said property w any part thereof. 5. To pay ati and singular the costs, chargei and eapenses, includ~ng a reasonable sttwney's fee and coits of abstrad~ ol title, incurred a pald at any time by sa~d MORTGAGEE, because w in the event of the isilure on the part of the said MORTGAGOR fo duly, promptty and fully pe~(wm, diuharge, zxecute, etiect, comptete, comply w~th and ab:Je by each and every the sripulat~ons, agrae~nents, cond~tions, and covenants of said promissory note and ~his mortgage any or e~~her; and sn~d costs, charges and expenses, each and every, shall be immediate~y due and payable; whether w not there be no~ice do- mand, attempt to collect or suit pend~ng; and the full amount of each and every such payment shall bea~ interest fran the da~e thereof until pa+d at the ~are o( nine per centum per ann~:n; anc' aii aaid costs, charges and expenses inturred w peid, together w~th such interest, iAall be secured by the lien of thi~ mortgsge. 6. Thst (a) in the eve~t of any breach of this Mwtgage or default on the part of the MORiGAGOR, or (b) in the event sny oi said sums of money herein referred to be not promptly and fully paid within ~hi~ty (30) days next arter the same severa~ly become due and payable, without demand or notice, or (c) in the event each and every the stipu~ations, a9reemen~s, conditions and covenants ot sa.d prom~ssory note and ~h~s mortgage any or eithe~ are not ~uly, promptly and f~lly per(ormed, d:scharged, executed, eifected, completed, complied with and abided ~iy, then in e~lher or any such pvent.the said sg gregate sum mentioned in sa~d pron,isswy note the~ remaining unpaid, with interest accrued, and all moneys secured her~eby, shall become due and pay- able forthwith, or thereafter, at the opr~on of said MORiGAGEE, as fully and completely as ii all of the said sums of money were w~ginally sl~pulated to be paid on such day, anything in sa:d pro:n~ssory note or in Ihis Mortgage to Ihe co~t+ary notwiihstandi~ig; and thereupon or lhereatter at the op~ion of said MORTGAGEE, without nonce or demand, suit at law or in equity, tF~ereFore w thereatter begun, may be prosecuted as if al) moneys secured hereby had mawred pr~or to ns institution_ ~ , 7. That in the event that at the beginntng of w at any ti~ne pending any su~t upon th~s Mo~tgage, or to foreclose it, or to refwm it, o? to enforce payment of any claims hereunder, said MURTGAGEE sha~f apply to the Court havi~~g jur~ad.c~ion thereof for the appointment of a Receiver, such Court shall Forthwith appoint a receiver oF said mortgagrd property a11 and singular, inc~ud;ng atl and s~ngular the irtcome, profits, issues and revenues from whatever seurce derived, each and every of which, it be~ng expressly understood, is herek~y mortgaged as ii specificaily set forlh aod described in the grsnting and habendum clauses hereof, and such Receiver shall have all the br.xd and effective funct~ons and powers in anywise entrusted by s Court to a Receiver, and s~ch appaintment shall be made by such Court as an udmitted equity and a matte? of absolute rgh~ to said MORiGAGEE, and without referente to the adequacy w inadequacy of the value of the property mor~gaged o~ to the so~vency or insolvency of said MORfGAGOR or the defendants, and that such renrs, profits, income, issues and rerenues shaii be applied by such Receiver according to the lien or equity ot said MORTGAGEE and tht practice of such Coun. 8. To duly, promptly and fully perform, discharge, execute, effect, complete, comply w~th and abide by each and every the stipulations, agreements, conditions and covenants in sa~d promissory note ond th~s mortgage set forth. - 9. That in the event the ownership of the mortgaged pren,ises, or any part thereof, becanes vested in a person other than lhe MORTGAGOR, the 1.',ORTGAGEE, its successors and ass~gnz, may, without norice to tne MORTGAOR, dral with such successor w successar in interest with reference to thia mortgage and ~he dsbt hereby sec~red in the same manner as wiih Mo~tgago. wi~hout in any way vitiating or d~scharging the Mortgagors' liability here- under or upon the debt hereby sec~red. No sa:e of the Fremises hrreby mortgaged and no forbearance on the part of the /AORTGAGEE or its successo~s or assigns and no ex~ers~on of the time fcr the payment of the deb~ h~reby secured given by the fAORTGAGEE or its successors or assigns, atiall operate ~o re!ease, d~xharge, modify change or atfect the originai liab~l:ty of Ihe MOkiGAGOR herein, either in whole w in part. 10. It is speufically aareed that lime is of the essence of_ this contract and that no waiver of any obligat~on hereunder or of tix obligaYwn aa cured hereby shall at any time thereafter be he3d to be a waiver of the terms hereof or of the instrument secured herby. 11. In add~t~un to the iorego'~~g monthly payments of p~i~:c pai and interest required by the prom~ssory note secured hereby, mortgagor tovenants and agrees to pay to mo:tgagee vvith each month!y payment an add~~ional sum est~mated by mortgagee to be equal to 1 j 12 of the annual tost of the foliow- fny: A-All rEal property taxrs lev~ed or assesscd agal•ist thc above dexribed real estate. B-Prer,:~u;r.s o~ f~re ar.d windstorm irsunrce .~s here~n requ:red to be car.fed on the tmprovements s~tuate on ~he above descrfbed premises. C-Prerniu~ns on such rnortgage guaranty insvrarce as mortgagee shail f:om t;me to tim~ drem fit to carry on the loan secured hereby. Nlortgagee shafl from t~me ro time nos~(y mortyagor in wrtt;ng of the a~:ouv due and payabte hereunder and s~ch surn shafl therevpon be due snd ` ~ayable on the due da~e of ~he next monthly pay~nent and each successive mon~h thereafi~r uoti{ mortgagee shall notify mortgagor of a change in such aTount. Such sums shail be applieJ by mortgagee toward the F~ayme~t of real property taxes, insurance prem.ums, a~id mortgage guaranty insurance : premiums. i IN YJITP~ESS WHEREOF, the said MORTGAGOR has here~nto set his hard and seal the day and year firsf aforesaid. ! , Sig : Se~ed and del~vered iw th presence of: ~ ~~u' ' ~ e4 Albe t J t nk' e ~,q - (Seal) Helen L. Stankie ~xaq sr~e~O~~R~~!t,.OHIO . , ~ D~ ~ SS. COtlt~~~ 1 oK ~~'~at~r appeared e1~°T* J Stankie t`~Sinkle - - _ his wife, to me well known and known to me to be = ih~ ' aIs tJdcri6e'd 7n and who e:ecuted the foregoing instrument, and acknowledged before me that they executed the same for the p~rrposes ~ `r~'et~~xp.~.~;/(~d` il,e said Helen L Stankie , y~{yA{.,~y::~jj.~ ~Rib@Zt .J. $taL11C1@ ~ upon a xparate and priwte e~C~(~~qn~~~~td~Cen separate and apart irom her said husband, acknowledged to and before me that she executed said instrument freely and volun- rarJy ih~~~ pp1 any compvlsion, consnaint, apprehen~s~on/, ~~w~ f~j r of or from her wid husband. ~ .}VI(1T/}~$S my hand and officual seal this ~'`j"- day of A. D. 19~_ ~ ~ ~r ~ Notary Publit in and Slate of W~i~e My Comm~ssion expir : ~ _ ~ ~ ~~1 Retum To: T First Federsl Savings a loan Aswciation Of fo~t P erce. Fo~t P~~~ce. F~o~~d~ - iIlEO AND RECJROED ST. LUCIE COUMTY FLA. ROGEF P0ITRAS CLERK ~I~:CUIT COURT ~ This Instrument Prepared By R. Holerger RFCORQ vCR:F~cD~..~.~.~,. First Federal Savings & loan Association ~ 3 9 53 AM'73 - of Fort Pierce ~ R lor i da ~ Checked By ~r51,083 . ~ 600K PACE 1~ ' _ - ~ - ~ --,~v'~~3i~. - '