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Home My WebLink About1496 To pl~c~ and cominuously keep on tM bui!dinys now or h~~~ai~er sitwt~ on taid land ~nd on all equipment and pNSOnally covered by this ma~~ p~, with all premi~ms thereon pa~d i~ full, fi?~ insuranca in ~he ~sual ~tandard policy fam, i~ a suin ~pproved by eM M4RiGAGEE, and windstam insuranc~ tn tM v?wl standard pol~cy lam, in a ium approv~d by tM MORTGAGEE, in wch company w companiei q ~ht MORTGAGEE m~y dinctj ~nd ~II ii~~ and w~nditwm insvrinc~ policies on a~y of said b~iW~npt, iny Int~~est ther~in or parl ther~oi, in 1he ayqre9~e~ sum ~(aes~id a in ~xceu Iherwf, ihal) conlain th~ ~ual standud mwtga~ee claus~ a such orhsr ctaua u tM hlwt~apta may ~tquir~, makinp ~M loss unde~ ~l~d poli~ ciss, eac6 and every, payable ro said MORTGAGEE ~s iti inte~e~t may ~pp~a~, ~nd e+ch and every t~ch policy ~hall be promp~ly au 9ned and delivered to any hetd by iaid MORTGAGEE ~s (~nhe~ security to said mortpage debt, and, nw leu ~M~ ~en (IOI dsys t~ adva~c~ oi tM expintion of each policy, to da live~ to taid MpkiGAGEE a re~awal thereof, ?o~p~tFvr with a receipt fw tM pr~mium of such renewal; and ~hs~e ihall be no f~re or windsto~m in~urance Pl~nd on any of said buildir?ps, ~ny interest therai~ o~ part thereof, u~les~ in the fwm ~od with tM lou pay~bl~ as •fw~iaid; ~nd In the event any tum of mon~y becanea payable u~de~ such policy or policies said MORTGAGEf thall havt +he opt+o~ to receive and apply the sams on acco~rn~ of the indebted- neu sec~~ed hereby or to permit said MORTGAGORS to reteive and us~ it w any part thereof for othe~ purposes, wi~hout ~h_~ebr wai~i~~g w~mpa~r- inp +ny equity, tie~ or righf u~der w by virlue of this mozsg~ge; ~nd in the event said MdRTGAGORS shatl for an rsaso~ fai! to kee the ss;d ` insured, o? lail ro deliver Y P Wen+~ses so p~ompNy iny of iaid policies o( i~su~ance to uid MORTGAGEE, w fail promptly to pay fully any premium thcrefo? w in any respect fail b pe~form, distharge, execute, effect, complete, comply with and ~b~de by this cove~ant, or any part ht~eof, ssid MORTGAGEE may place and pay fw tuth iravrance or any part thertof withovt wsiving or affectirp any option, lien, equiry, w right unde~ w by virtue of this Mortgage, ~nd the full amount of each and ev~ry such p~ymeM shall be ;mmed;ately dw and paysble and shall bear interest from tM date thereof un~il paid at the ra~e of ~ nine per centum per a~num and to~ethe? with such interest thall be secured by ths liee? o~ this rtwrtgsge. i 1. To permit, commit or wffer no wssts, impairment or deteraration of said or an = properry y psrf thereof. S. To pay att snd singulu the costs, charge~ and expenses, indud:ng a re~sonabls ~ttorney's fee and costs of abstrads of title, incurred a paid at ~ eny time by said MORTGAGfE, brta~se w in tF+e event of the failure o~ the part of the said MORTGAGOR to duly, promptly and fully perform, d~uharge, execute, effctl, complete, comply with and abide by each and every the stipufatio~s, agreements, conditio~s, and covenants of said promissory note and this mwtga~e sny a eifher. and said cwts. charqes and ezpcnses, each and svery, sMall be immediately d~e and payable; whNher p not ?here be notice dr mand, attempt to collect or tuit pending; ~nd the futl amount of each and every such payment shall bear intercst from the date thereof until paid at the rate of nine per centum per an.~um; and all said cosrs, charges and expenxs irKU~red p paid, tOgether with such intcrest, shall be secured by the lien of this mortgaga 6. That (a) in the event of any breach of this Mortgage w default on the part of the MORTGAGOR, o? (b) in the event any of u~d wms of money herein referred to be not promptly and fully paid within thiny (30) days rKxt after thr same uve~ally become due and payable, withoW demand w notice, or in the evenl eacfi and every the stipulatio~s, agreements, conditions a~d covenants of sa~d promissory note and th~s mortgsge any or either are not iuly, promptly arsd futly performed, dtxha~ged, executed, effecterl, compkred, complied wi~h and abided by, then in e7ther or any such evenf fhs iaid ag gregate sum rrKntaned in taid promissory note then remaining unpaid, wilh interest accrucd, and all mon~YS aecured hereby, shall become due snd psy- able forthwith, or tFKreafter, at the option of said MORTGAGEE, as (ully and completely as if all of the said sums of money were originalty st~pufated ro be paid on such day, a~y~hing in said promissory nofe or in this Mutgage to the contrary notwiihstanding; and tFwxeupon a th~reafter at the option of sa~d MORTGAGEE, without notica w demand, suit at law w in eq~;ty, tFkrefae or thereafte~ begun, may be prosecuted as if all moneys secured he?eby had matured prlor to its institution. 7. That in the evr~t thar at the beginnirg of or at any time pendirg any suit upon this Mortgsge, w to foreclose it, w to reform it, or to enforce paymcnt of s~y claims hereunder, said MORTGAGEE shall apply to the Court havi~g jurisd~c~~on thereof for the appointment of a Receiver, such Court :hall Fo~rhwith appoint a receiver of said mortgaged proporty ali a~d sirgutar, i~clud~ng alt and singulsr the irxome, profit~, issues and ~eJenuesafrom whafever source de~ived, each and every of whKh, it being eapressly understood, ii hereby matgaged as if spec;ficaUy set fpth and dacribed in the granting and habendum ds~ses hereof, and such Receiver shall have all th~ broad and effective funct~ons and powers in anywix e+~trusted by • Court to a Receiver, and such appoinrment shall br made by suth Cow1 as an adm;tted equiry and a matter of . absotute right to said MORTGAGEE, and without reference to the edequacy w inadequacy of the value of the propery mw~gaged or to the so~ve~cy or insotvency of said MORTGAGOR p the defendants, and that such ren~s, profits, income. iuues and ~evenues shall be applied by such Receiver accord~ng b the lie~ or eqvity of uid MORTGAGEE and the p~actice of such Court. • . 8. To duty, promptly and fully perform, discharge, exccute, effett, complete, tomply with and abide by each and every the stipulations, sgreements, conditions and covenanrs ~n said promisswy note and this mortgage set forth. 9. That in the eveot the ownership of the mortgaged premises, or any p5rt thtreof, becpmes vested 'en a pe~son othe~ fhan the MORTGAGOR, the h1pQTGAGEE, its succeuors a~d sssigns, may, withouf nmice to the MORTGAOR, deal with such successor d successor in interest with reference to thia mortgage and the debf hereby secured in the same ma~ner as with Mortgagor w~fhout in any way vitiating w distha~ging fhe Mwtgagors' tiabitity herr - under p upon the debt hereby secu,ed. No sale of fhe premises hereby mortgaged and ~o fwbearance on the part of the MORTGAGEE w its successo?s or ass~gns and no extension of the t~me for the payment of the debt hereby secured g~ven by the MORiGAGEE or, its tuccessors or au~gro, shall operate lo release, distharge, modify change or affecr the original liabitity of rhe MORiGAGOR herein, eitixr in whole o? in part. 10. If is specificaUy agreed rhat time is of the easence of this contract and that no waiver of any obligatioa hereunder w of the obligstion sr c~red hereby shall at a~y time thereafter be hetd to be a waiver of the terms hereof q of the instrument secured herby. 11. In add~tion to the forego:ng mo~thly payments of princ'pal and interest required by the promissory note secured hereby, mortgagor covenants and agreea to pay to mongagee with each month?y payment an addirional sum estimated by mor?gagee to be equnl to 1/12 of the annua) cost of the follow- ing_ A-All real property taxes leveed w auessed agai~st Ihe above described real estate. B-Premiums o~ fire a~d windstorm insurance as herein requ~red to be carried on the improveme~ts situate on the above desvibed premises. C-Premivms on such mortgage guaranty insurarce as mortgagee shal! from time to time deem ~it to carry on the loan secured hereby. Mortgagee shail from time to time notify mortgagor in w.iting of the amount due and payable hereunder and such sum shall thereupon be due and Fayable on the due date of the ~ext monthly payment and each successive mo~th thereafter urtil mortgagee shall notify mortgagor of a change in such amounl. Such sums sha:i be applied by motrgagee roward the payment of rea! property taxes, insurance prem:ums, and mortgage guaranty i~surance premivmS. IN WITNE55 WHEREOF, the said MORTGAGOR has hereunto set his hand and seal the day and year first afwesaid. _ Signtd. Sealed and d ti~ered i the presence f: ~ • /=--~T! ~L (Sea4 . F!e?ACi s P • Mose! ~ap 7 ' ~Sean ~Seal) STATE OF FLORIDA St. Lucie ~ couNn oF i Befwe me perwnally appeared Fraaeis P. MpS@r~ a single adl~lt t ~ to me well known and known to me to be ~ f the individusl deuribed in and wlw exec~ted the foregoing instrument, and scknowledged before me that h6 executed the sarre~' for the purposes r therein expressed. ~~1bi~dd ' ;?p:~ ~~G~ _ T . _ • • • + f ~ ~OC~7Fmim1l~7~~~fT~~~i~~~11s~~~~~s~~~il~3t~C~, ~ ~ ~ ~3~~l~O~F~O~"~m~LAR~Pjs ~!l~J~7OC~at~i~~i~. _ ~ ~ ' c~ rs.`~ ~ WITNESS my hand and offic~al seal thi day of Z11 ~ p,~9_ T3 ; ~ d: " : ~ - Nota Pvblic in end i t~ t ef• florida ~ L;r My Cammiuion eapires: i ~ Ret~m To: ~ ~ ~ ~-S 7~..C,. First Federsl Savings b loan Association ~--I,~ -!•5 . ~ ~ S t r~ ~ t Of Forf P~erce. . . ~4rrn~~,,... fort Pierce, flor~da f~.fD AND BECO~E9 This tnstrument Pre ared B st'L~~f "~~n F~~' l ' ' First Federal Savings 8 Loen Asso i~~at~iro~i F• Ellwood R~C~H ~GtTRI~S ClERI~ CI:GUtT COURT of Fort Pi~rce ~ Flo=ida qfr,~K? YfP,~F:fD ~ Checked By Il_____ 9 03 ~~~3 8o~K213 ~A~~1494 253Q6'7 - - - _ : ~ T . _