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Home My WebLink About2038 3. To plac~ •nd cominuov?ly keep on ~he bui'dinys now w he~ealter Wiu+te on s~~d I~nd and on all cquip~nem ar~d psrson~lly cove~ed by th~~ mat¢ p~, witA a~l premivmi thercon pa~d in (ull, f~re in~u~ance ~o tAe us~al ~r~nderd polKy form, in • sum •ppro~ed by ~M, MOR~GAGEE, and w~ndstam ~nwr~nc~ in ~M usual ~tu~dard pol~cy lam, in ~ tum app~ovtd by ~he MORTGAGEE, i~ such company a comp+~~c~ at ~ha MORiGAGEE may difKlj u~d all (i~~ ar+d windslorm insurente policias on any ot said build~~+ps, any inttre~~ ~herein o~ p+rt thereof, in ~he aggreya~t ~um afwesaid Or In ~:cess the~~of, ~MII coroain ~M uswl standsrd mor~gspN clauw or such aher claus~ ~s the Mor~9apes may requ~r~, m~kirp ~i+s lou u~Je. ts~d poli~ da, e+ch ~nd every, payabi~ ro s~id MORiGAGEE ai ~t~ imerei~ may ~ppear, and each and ~very such pot~cy ~hall be promptiy a~s yned and det~ve~cd ~o •ny held by said MORfGAGEE as (urther iecurity to said mortpage deb~, +nd. no1 leu tMn ten (101 days in advancs of the exp~rotion of each pol~cy, to d~- liv~? lo uid MORTGAGEE a reoewsl thereof, to9ether with a receipt for the p~emium o( such renewal; and there shall kx no f~re o. winds~o~m insurance ~ plKed on ~ny of said build'+ngs, ~ny interett the~ei~ or parl Ihereof, unless in the form and witA the lou payable as efaesaid; and in the event ~ny ium , of mon~y becomet payable ~~de~ such policy a pol~cies uid MORTGAGEE shall have ?M opuon to receive and apply the same on accounf of the indeb~ed- neu secured hereby o~ ro permil said MORTGAGORS to receive and uss it w any par~ thereoi fw other purEoses, ~v~~hou~ ~h_~.a~ wai+ing o~ ~~~~p.~~~- in9 ~ny equ~ry, lien or righ~ under or by virtue of ~his mo:sgage; and in ~hs even~ sa~d MORTGAGORS shall fo~ any reason (ail to keep ~he sa~d premisrs so insu~ed, w fsil to deliver promptly any of said polKies of insurance to sa~d MORTGAGEE, a fail promptly to pay Fully any p~e~~~ium therefor a in a~y re~pect fai~ to patorm, discharge, eaecute, ef(ed, complete, comp~y with and ab~de by ~his cove~anb w any part hereof, said MORTGAGEE may place ar.d pey fw tuch inaurance w any part lheroof without waiving w effectinq ~ny option, lien, equity, o~ right under w by vi~lue of this Mortpage, and tht • full amo~nt of each and every such payment shall be ~mrtwd~ataly dus and payable snd shall lxar interes~ from the daie 1Rereof until paid at the rate ol nine per centum pe~ annum and to~ether with such interest shall be srcured by the lien of this mottgage. ' 1. To permit, tommit or suffer no waste, impairment w deterioration of said property or sny part thereof. S. To pay all and sirgular the costs, charges and expenses, including a ~easonable attwney i fee and costs of abstracts of title, incurred or paid at any time by said MORTGAGEE, betause w in the event of the failure o~ the part of the said MORTGAGOR to duty, ptomptly a~d fully perfam, d~xharge. execute, effed, comptete, comply w~~h and ab:de by each and eve?y tFx stipulat~o~s, agreements, condltions, and covenants of said prom~ssory note and ~h~s mwtgage any or either, a~d said costs, charges srd expenses, each and every, shall be immediately due and payable; whether w not there be r+otice dr mand, attempt to collect w suit pend~ng; and the full amount of each and every such payment shall bea? interes~ f~om the date thereof u~til paid at the rate of nine per centum per an~~u:n; and all said costs, charges and expenses incurred or paid, together with such interest, shall be secured by the lien o( thit mortgape. 6. That (a) in the event of any breach of this Mortgage or default on the part of the MORTGAGOR, or (b) in the event any of satd sums of money herein referred to be not promptly and fvlly paid within thi~ty (30) days next after the same severatly become due and payable, without demand or r?otice, or (c} in the event each and every the stipvla~ions, agreements, cond~tions and covenants of sa~d promissory oore a~x! th~s mortgage any o~ either are not iuly, promptly and fully perfwmed, d~scharged, executed, eifected, completed, complied w~th and abided by, then in e~ther or a~y such event the said ag gregate sum rrKntioned in said promisswy note then remaining unpaid, with interest accrued, and atl moneys secured hereby, shall become due and pay- able fwthwith, or thereaiter, at the opt~on of sa~d MORTGAGEE, as fully and completely as if aIl of the said sums of money were orginally st~pulated to be paid on such day, anything in said promissory nole or in this Mortgage to the contrary notwithstanding; and thereupon or thereafter at the option of r said MORTGAGEE, without notice or demand, suit at law or in equity, theretore w thereafter begun, may be prosecuted as if all moneyi secured hereby nad matured priw to its institution. 7. That in the event tha! at the beginning of w at any time pending any suit upon this Mortgage, or to foreclox it, w to reform if, o~ to enforte payment of any claims hereunder, said MORTGAGEE shall apply to the Court having jurisd~ction thereof for the appointment of a Receiver, such Cou» shall foithwifh appoint a receiver of said mortgaged.property all and singutar, includ~ng all and singular the income, prof~ts, issues and revenues from whafever source derived, each and every of which, it being expressly understood, is hereby mor~gaged as if speciiically ut forth and described in the granting and habendum clauses hereof, and such Receiver shall have all the broad and effective funct~ons and powers in enywise entrusted by a Court to a Receiver, and s~ch appointment shall be made by such Court as an admitted equity and a maner of absolute ~right to said MORTGAGEE, and w~thout reteiente to the adaquacy or inadequacy of the value of the property mortgaged or to the sotvency or insolvency of said MORTGAGOR w the defendants, and that such re~rs, profits, income, iuues and revenues shall be applied by such Receiver accord~ng to the lien or equity of said MORTGAGEE and the practice of such CouA. 8. To duty, promptly and fully perform, discharge, execute, effect, complete, comply w~th and abide by each and every the stipulations, agreements, conditans and covenants in uid promissory note and this mortgage set f«th. 9. That in the event the ownership of the mortgaged prcmises, or any part thereof, becomes vested in a person other than the MORTGAGOR, the h10RTGAGEE, its successors and auigns, may, without notice to the MORTGAOR, deal with such successor or successor in interest with reference to this n,ortgage a~d the debt hereby secured in the same manner as with Mortgagor withcut in any way vitiating or discharging the Mortgagors' liability here- under w upon the debt hereby secured. No sale of the premises hereby mortgaged and no forbearance on the part oi the MORiGAGEE w its successws o~ assigns and no extension of the time for the payment of the debt hereby secured given by the MORTGAGEE o~ its successors or assigns, si~all operate ro retease, discharge, modify change or affect the original liability of the MORTGAGOR herein, either in whole or i~ part. 10. It is specifically agreed that time is of the essence of this contract and lhat no waiver oi any obligation hereunder or of the obligation se- cured hereby shati at any time thrreafter be held to be a waiver of the terms hereof or of the instrument secu~ed herby_ 11. In add:tion to the fwego"ng monthty payments of princ"pal and interest requ~red by the promissory note secured hereby, mortgagor covenants and agrees to pay to mortgagee v~lth each momhly payr.,ent an add~rional svm est~mated by morlgagee to be equal to 1/12 of the annual tost of the follow- inq: A-All real property taxr: teiied or assessed against thc aoove described real estate. B-Pr~~rtsiums on Fire and windstwm insurar.ce as herein req~:red to be carried on the improvements sitvate on the above d~scribed premises. ; C-Premiums on such mortgage guaranty insurar,ce as mortgagee shall frorn t~me to tirne deem fit to carry on the ban secured hereby. Mortgagee shail from time to time notity mortgagor in writ~ng of the amount due and payable hereunder and such sum shall thereupon be due and ~ Fayable on the due dare of the next monthly payment and each successive rr~nth thereafter urtil mwtgagee shall notify mortgagor of a change in such a~,ount. Such sums sF.ail t~e applied by mo~tga~ee toward the payment of real property taxes, insurance prem:ums, and mortgage guaranty insurance ~ premiums- i IN WITNESS WHEREOF, the said MORTGAGOR has hereunto set his hand and seal the day and ear first aforesaid. ~ % Sgned, Sealed a~deliverE~ in the presence of: ~ ~ ~ • al) ~ as to es . or e ~ James M. Corbett ~ cs~en Seaq ~ ~ /Seal) - ` ~au~ette A. Corbett gau ~e e -~drbe~~- SSATE OF fIORIDA 1 COUNTY OF St . Lucie i Before me personally appeared Ja?lA@S Nl. Corbett ~~;•!'t( i{~ ~ t "f 9 e well known and k++opnl~fA i4ie~o b~ ••i, rhe individu~ desuibed in and who executed the foregang instrume~t, and acknowledged befwe me tha~ executed the same fdr t!+l~pur~~i.ir~~~i therein expressed. ~t 1~~~ '~H~~t'.T'~A.',-'~_,~ % r~ : X~f 7d~C1~C~I3~ - : i ~ '~~~~~}~~~~~~~~~a~~'''~c, - ' , ~ ~ ~ ~ ~ u : WITNESS my hand and official seal this 20th~ day of Aprl ~ ''11 d'N9 ~s= ` This instsvaent pl~epared b~ •.,,..:e.,'~•~ z- ` - Rich$rd E. ~s ~c, ~ •i~. ~1~~t~yi~.._ . ~ Notary Public in and ~or 1F?s ~tate of Florida at Lxge~ ~ F~1'St '~~8rg1• ~8~~$~ ~GOI'L FfA!'CB 1~01'1d8 My Commission expirer. - . v'~ ~ / i 7 7 ' ~ v ' ~ s~a,TE o~xx Illnois ~ ss. cour,n oF Cook . - , . i eefwe me personally appeared Paulette A. Corbett f 3 7~]pVJay[to~prell known and~~tQ,ml+qp bw ~ the indiv~duspC described in and who executed the foregoing instrument, and acknowledgt<! before me that~~executed the sa f#~ • ~n~`:, rherein expressed. XNdIG]fi?QG3~~ _ . ~ ~ ~ ± t> . .'ti . )4J6liD[OQ1tD~fk xaoxsmcss~oisaxfc ~CsdiCSt~~qt ' = _ xw~a~xoc,~ftaox~ox~ac~~ee~l~c~t~o~t~[~~~fi9~~~tft~taEk~~6tR - ' - WITNESS my hand snd offiual sed thiL_ 7- ef 4A.~D. ; 0 R ~ q Y~Af Q<<; '~o . eo~x 2~3 NAcE 2035 ~~a~ . ~R~ ~ apyqf Notar ~b1' n a~d (w the State of _ 4~~R~. My C m~sswn expi~es: t . r~ Return To: Firs~ Federal $avings b loan'Associ:.tio~ { ~ CuTI,~ ~ . . . Z ~!Z ~ _