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Home My WebLink About1502 3. To pl~c~ •nd conri~~ousty keep an th~ buitdin~t now o? l+ereairN si~w~e on ia~d ~a~d and on all equiprr.eM ~nd perto~~lly toverfd by thit mort¢ ap~, wilh ali premiums thercon pa~d in full, fire infur~nc~ in ~h~ uiud ~undard poticy fo~m, in s tum approved by the MORtGAGEE, and winds?orm ~nwru?c~ in tM uswl s~andard pol~cy lam, in a sum ~pprov~d by tM M4RTGAGEE, in tuch company or companias as tM MORTGAGEE may di?~dJ ind all fir~ ~nd winds~o~m i~uuranu polKies on a~y o( said buildmps, ~ny iete~~st ther~i~ or part thereof, in tM ~pgreyaq wm afaesaid or In ~xces~ thcreof, aMll contain tM ~swl uandud mortya~ clavs~ w auch o~har claus~ as ~F?~ Mat9aq~e may requ~r~, makir?p tM ioss urda sa~d poli- cit~, each ~~+d ~wry, payabl~ ro said MORiGAGEE ai its interea? may appear, and each a~d tvery ~~ch policy ~hall b~ promptly asa.pned and delivered ro +ny heW by sa~d MORTGAGEE +s fur~Aer secu~ity to sa~d matys~e deb~, and, ~ot leu than t~n (10) days i~ advance of ~M expirat~o~ of each pol~cy, to da liva ro iaid MORTGAGEE • renewal ti+ereof, toyether with ~ receipt fw the pr~mium of :uch renewal; and ~here ihall bs no firt w winda~orm insu.ance plac~d on ~~y of said buildinys. ~ny interest therein w p~rt thereof, u~leu in the 1o~m and with tM lou p~yable as aforeuid; ~nd in the event any wm of mw~sy becwnei payable u~ds~ such policy w polKai said MORTGAGEE ihall haw ~M option ro receive snd +ppty the same on account of rAe indebred~ neu secured he~eby or to pe~mil said AIIORTGAGORS to teteive and us~ it p any part thereof fo. o~her purposes, wi~hout ~hr~eb~ wai~ing or ~mpa~r- iny sny eq~ity, lie~ w right under or by virtve of this mo:tyaye; and in tM evenr iaid MORTGAGORS shall fw ~ny reason fail to keep the said premisrs so insured, pr fail b deliver promptly any o} said polities of insur~~ce to said MORTGAGfE, or fail promptly to pay fully sny premium thereior or in any respect fail ro perfwm, discharge, execute, effect, complete, comply wi~h and abide by this covenant, a any part hereof, said MORTGAGEE may place end pay fo? auch ins~ra~ce or any part thereof without waiving w ~ffettiop ~ny option, lien, equ;ty, a righ~ unde~ a by virtua of this Mwtyage, and the fvll amount of eath and every such payment ihall be immediately due ~nd paysble and shall beu interest trom Ihe date thereof u~iil paid st tfie rata ol nine pe~ centum per annum and together wi~h tuch i~terest ahali be sec~red by ths lien of Ihii mortgaye. , 1. To pe~mit, commit ot suffa no waste, impsirment or deteriorstion of iaid property o? any part thereof. S. To pay all a~d singular the costs, charpes and expenses, including a ~easonabte attwneys fee and cosr= of abstracts of t;tle, incvr.ed or paid at any time by seid MORTGAGEE, because w in the eveN oi tF?e failure on the pan of tha said MORTGAGOR to duly, promptly sod fully perform, d~xharge, executs, e~fett, complete, comply wlth and ab~de by each and every the stipulations, agreeme~ts, tonditions, and covenants of said p~omissory note and this mortgage any w either, and sait! costs, charges and expenses, each and ere~y, shsll be immediately due and paysbre; whether or not there be nofice de. mand, attempt to collect a suit pending; and tha fvll amount of esch and every s~ch payment shall bear inferes~ f~om the date thereof u~tif paid at the rate of nine per centum per am~um; and all said costs, charges and expenaea incurred or paid, together w~th such imaest, shall be secured by the lien of tha mortgage. d. That (a) in the eve~t of any breach oi this Mwtgage w defa~lt on the part of the MORTGAGOR, a(b) in the evenf ~ny of sa~d sums of money hcrein referred to be ~ot promptly and fully paid within thirty (30) days nexl after tix same seve~atty betome due and payable, withoul demand w no~ice, or (c) in fbs evem esch and every the stiputatio~s, agreemcros, cw~ditions and covenants of sa;d promiuo~y note and th~s mwtgage any a either are not ~uly, promptly and fvlly pe~formed, diuharged, executed, effected, completed, complied with and abided 4y, then in e~ther or any such event Ihe said sg gregate sum mentaned in said promissory nore then ?emaining unpaid, with interesf acaued, and atl moneys srcured hereby, shall become due and pay- able forthwith, or thereafte?, at the opt~on of said MORTGAGEE, as fvlly a~d completely as i1 all of the wid sums of moruy were originally stipulated eo be pa~d on such day, anyfhing in sa~d promissory oote or in this Mwtgage to the conrrary norwithstanding; and there~pon a lhereafter at the opt~on of said MORTGAGEE, without notice w demand, suit at law a in equity, therefwe or thereafter begun, may be prosecuted as if al~ ~poneya setured hereby had matured pnw to its institutio~. 7. 7hat in the evcnt that at the beginn;ng of or at any fime pending any suit upo~ this Mortgage, w ro foreclose it, or to reform it, or to enfo~ce payrrKnl of any claims hereunder, said MORTGAGEE shall app~y to the Cour~ having junsdrc~ion ~hereof iw the appointm~nt of a Receiver, such Court shall Forthwith sppoiM a receiver of said mortgaged property all and singula~, includ~~g all and singular the income, profils, issues and revenves from whatever wurce derived, each and every of which, it being expressly undc?stood, is he~eby mongaged as if speci(ically set forth and desuibed in the granting and habendum clauses he~eof, and such Receive~ shall have all the broad and effective funct~ons and powers in anywise entrusted by a Court to a Receiver, and iuch appointment shall be made by such Court as an admi~ted eqvity and a matter oT abwtute right ro said MORTGAGEf, and without reference to the adequacy w inadequacy of the value of the property mortgeyed or to the so~vency or insolvency of said MORTGAGOR or the defendants, and that such renrs, profits, income, iuues and revenues shall be applied by such Receivcr accord~ng to the lien w equity of said MORTGAGEE and the practice of such Court. 8. 7o duly, promptly and fully perform, discharge, execute, effecL complete, comply wifh and abide by each and every the stipulations, agreements, conditions and covenants ~n sa~d promisswy note and this m«tgage se1 forth. . 9. ihat in the event the ownership of the mortgaged premises, or any part thereol, becomes vested in a person other than fhe MORTGAGOR, the MOR7GAGEf, its successors and assigns, may, w;tlwuf norice to the MORTGAOR, deal with such successw w successor in interest with reference to thia mortqage and the debt hereby secured i~ the same manner as with Mwtgagw without in any way vitiating or diuharging the Mortgagor;' liability here- under or uFon the debt hereby secured. fYO saie of the premises hereby mortgaged and no forbearance on the part of tl?e /AORTGAGEE w its successors or assigns and no exte~s~on of the t;me for the payfnent of the debt hereby secured given by the MORTGAGEE or its successors or auigns, shall operate fo release, dixharge, modify change a affect the original liability of the MORTGAGOR herein, eit}kr in wfwle or in part. 10. It is specifically agreed that time is of the esxntE of this contrad and that no waivet of any obligation hereunder w of the obligation sr cured hereby shall at any time thereafter be held to be a waiver of the terms hereof w of tF~e instrument secured herby. . I1. In addition to the for~o:ng monthly payments of princ'pal and interest required by the promissory note secured hereby, mortgagor covenants and agrees to pay to mortgagee vnith eath monthly pay.~ent an addi~ional sum estimated by mortgagee to be equal to 1/12 of Ihe annual cost of the foltow- ing: A-All real property taxes levied or assessed against thc above described real estate. B-Premiums on fire and windsto:m ins~rance as herein requ~red to be carried on the improvements situate on the above described premises_ C-Premiums on such mwtgage guaranty insurance as mortgagee shall from t~me to time deem fit fo carry on the toan secured hereby. Nbrtgagee shatl from time to time notify martgagor in writing of the amount due and payable he?evnder and such sum shall the~eupon be due and Fayable on the due date of ~he next monthly payment and each successive month thereaiter ur,til mortgagee shall notify mortgagor of a change in such an,ount. Such sums shall be applied by mortgagee toward the payment of real property taxes, insurante prem:ums, and mwtgage guaranty insurance premiums. IN WITNESS WHEREOF, the a MORTGAGOR has he~eunto set his hand and seal the day and ar fi t afwesaid. ' ned d deli ed the presence of: _ . ~ ~ °n ~ , ~s~,~ STATE OF FLORIDA ~ couNrY oF St. Iucie Befwe me penonally appeared ~~~d Q• ~Y' end ~~~~A g• ~~r his wife, to me well known and known to me to be the ird+viduals desuibed in and who execufed the foregoing instru'~^ t, =a~cknowledged before me that they executed, tfie,.same for the p~rposes therein expressed. And tt?e said ~r~~sa r+~ ~~7J~r . • ~ t . !?~T wife of the said ~.~6d G• ~(~r ~~~e and privste examination by me taken teparate and apart from her said hvsband, adcnowledged to a~d before me that she execut~d ~~,inytrurnertt'ft~y end volum rar'rly and withovt any compulsion, constrn;nt, appreheni w fear of or from hqr sa' husband. J• r'.~;' ~ ~ . r'V,. WITNESS my hand,and official seal thi~ day of ~ r" Da~y,_~ ~i - ~ • ~ - - J Notary Public in and i t~ TQ ef Fbr,i~~~at L~r~a' My Commiu'an expires: • c r.~ Return To: .t,; ~ C,' Fint Fedenl Savings 6 loan Association ' ~ t,t. • Of Fort Pierce. ' , Fort Pierce, Florida FI~ED AMD R~~~~~~~ ST. WCIE CQ F ~ ~ This Instrument Prepared By $rgirii C~ERK ClRCU1T C~~fi First Federal Savings & loan Association qEC~JRD vE~1f~ED of Fort Pierce~ Flpl`'~dg ~ 04 ~ f~~ Checked By 7~ _ `)5~0~0 ~rr ~00~213 P~1500 ~s ~ ~ _.s . ~ - - > ; -~a