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Home My WebLink About2337 To plx~ and cominuovsly kcep on ~M bui!d~ngs now or hereai~er utvets on sa~d I~nd and on +II equipme~t and penonally cov~red by thii mwtg~ eg~. with all premi~ms ~herea? pa~d in full, tire insu~ance in tha usval sra~dard policy fam, In ~ sum app~ored by tM MORfGAGEE, and winds~o~m insuranc~ in tM ~su~l uanda.d pol~cy Ipm, in a sum approv~d by th~ MpRTGAGEE, in s~ch company w canpanies ~ th~ MORTGAGEE may d~nclj and ~II iir~ and w~ndsto~m iniuronce poliues on ~ny of sa~d buiW~ny~, any tn~e~es~ therein o~ part thereof, in tM a~reQ~~e sum ~fa~said a in ~xceu thereof, :hall co~rain tM uswl itanda~d mor~gages clauH a such o~he~ clsuss as tM Matyagc~ may requ~n, malinp ~I?~ lo~f unda ~+~d poti~ ciei, eich u?d evay, payabls w iaid MORiGAGfE +t its interrst may ~ppea~, ~~d each and eve.y tvch polity ~MII be prompHy ~~s.g~ed a~d delive~ed ro sny held by said MORTGAGEE as turther iecurity to said morY9age debt, and, not !eu than ten (10) days in advanct of tM sxpiratio~ of_ aach policy. ~o dr liv~r to said MORiGAGEE • renewal tFkreof, toge~her with a receipl }w the premium ot such renewal; and the~e shall be r?o f~re or windstorm insur~nca placed on ~ny of said buildings, any intaest there~n or part thereof, unteu in the form u+d with ~he loss paysblt as afw~aid; ar~d In th~ ~vent any sum i oi mon~y becomes payaWe under svch policy or pol~cies said MORTGAGEE shall hav~ the option to receive and spply the same on account oi ~he indeb~ed- ness secured he~esy o~ ro pe~mit said MORTGAGORS to receive and us~ it or a~y part thereof ior other pu~eoses. v.i~hout fb~r~ia~ waivi~~g o~ impair- ing any equity, iien w right under u by virfue of this morrgage; a~d in the eveM sa;d MORTGAGORS shall fa any reason fsil to keep tF~e said {xemiszs so insurqd, w fail 1o deliver promptly any of said policies of insursnce to sa~d MORiGAGEE, or fail promptly to p~y fully sny premi~m the~efw o~ in any respect (ail to perfonn, discharge, e:ecute, elfeu, complete, comply with and abide by tAit covenant, or any part hereof, sa+d MORiGAGEE may pl~te and pay fa such ;nauru~ce or any part the.eof without wa~ring w affcctinq any optioe, lien, equity, or right undet w by virtue of this Mort9sge, and the i ful~ smouM of each and every such payment sha11 be imrnediately due and payable ~nd shall bea~ interesl from ths date thereof umil paid at ths rats of ~ nine pe~ centum per ennum and to~ethtr with such interest shall be secured by tMe lien oi this mortgage. ' ! .1. To permit, tommit w wffer no waste, impairmeht or deterioration of said property or any part thereof. S. To pay all and sin~ula? the costs, charges and expanses, includ;ng a reasonable attwney i fee and costs of abstracts of title, incurred or paid at any time by said MORTGAGfE, because o~ in the event of tF?e failure on the pa~t of the said MORTGAGOR to duty, promptty and fuNy perfwm, d~xhsrge. execute, effect, compfete, comply wnh and ab;de by esch and every the stipulations, agreementa, conditio~s, and covenants of said promissory note and this mortgage any a ei~F?er, and said costa, charges and expenses, each a~d every, shall be immediately due and payable; whether w not there be notice d~ mand, attempt to tolkct pr wit pending; and the fuN amount of each and erery s~ch psymem ihall bcar interest from the date thereof uMit paid a1 the r~re of nine per centum per am~um; and all said costs, charges and eapenses incurred or psid, together with iuch intereat, shall be secu~ed by the lien of thii mortgagts. Q That (a) in the event of any bresch of this Mortgage w default on the part of rhe MORTGAGOR, w(b) in fhe evenf eny of said sums of mo~ey herein referred to be ~ot promptly and fully paid wi~hin thirty (30) days next after the same severatly become due and payable, without demand w notite, or (c) in the event each and every the st~puta~ions, agrecmenls, conditiorts and cove~ants of sa~d promiuory note and th~s mortgage sny w either are no! iuly, prompdy and fully, per{ormed, d~scharged, executed, effected, completed, complied with and sbided ~ay, then in either w any such event ~he said ag ~ gregate wm mentioned in said promissory note then remaining ~npaid, with interesl accrued, and all moneys secured hereby, shall become due and pay- ~ abie forthwith, a thercafter, at ?he opf~on of said MORTGAGfE, aa fully and completely as if all of the said sums of money were orginally st~pulated `i to be pald on such day, anythirg in said promissory note or in this Mortgage to the cootrary notwithstanding; and tF?ereupa~ w thereaha at the oplion of said MORTGAGEE, without notice w demand, suit at law or in equity, tl~erefwe w thereatter begun, may be prosecuted es if ell rtwneys tecured hereby had matured pr+or to its institution. 7. That in the event that at the beginning of or at any time pending any suit upon thia Mortgage, a to faeclose it, or to refo~m it, or to enforce paymenl of any claims hereunder, ssid MORTGAGEE shall apply to the Court having jurisdiction thereof iw the appo+nfinent of a Receiva, such Coun shall forthwith sppoinf a receiver of said mortgaged property all and singvlar, incl~d~ng all and singular the intome; proiits, iuues snd revenues from whateve? source derived, each and every of which, it being expressly understood, is he~eby mortgaged as if specificslly set forth and described in the grenting and habendum clauses he?eof, and such Receiver shall have aU the broad and effec~ive fvnctions ancl ppwers in anywise entrwted by a Court to a Reteiver, and iuch appointment shall be made by such Co~rt as an admifted equity and a matter of absokite right to said MORTGAGEE. snd without reference to the adequacy or inadeqwq of the value of the property mortgagcd or to the wivency o~ insolver~cy of said MORTGAGOR w the defendants, and that such renrs, proFits, income, iuue~ and ~erenves shall be app?ied by such Receiver according to the lien or equity of said MORTGAGEE a~d the practice of such Court. 8. To dvly, promptty and fully perform, dixharge, execute, effect, complete, comply wifh and abide by each and erery the stipulations, agreements, cond;tions aod covena~rs in sa~d promiuwy note and this mortgage set falh. 9. That in the evenf the owneiship of the mortgaged prem~ses, w any part thereof, betomes vested in a person othe? fhan the MORTGAGOR, 1he MORTGAGEE, in successors and ass~gns, may, without ~otice to the MORTGAOR, deal with such successor w successor in i~terest with reference to this mo.tgage and the debt hereby setured in the same manner as with Mortgagor without in any way viliating w dixharging the Mortgagors' liability herr under w upon the debt hereby secured. No sale of the premises hereby mortgaged and no forbearance on ihe part of the MORTGAGEE or iri successws or asz'~gns and no extension of the time fw the payment of the debt hereby secured given by fhe IiRORTGAGEE or ifs sutteuors or auigns, ~hal) ope~ate ro release, d~xharge, mod~fy change a affect the orig~nal liab~lity of the MORTGAGOR herein, either in whole w in pa~t. 10. It is spec~fically agreed that time is of the essence of this contrad and that no waiver of any obligat~on herevnder w of the obligation sr ~ cured hereby :hall at any time thereafter be held to be a waiver of the terms Aereof w of the instrument secured herby. 11. In addifion to the fwego:ng monthly payments of pri~c"pal and i~terest required by the promiuory no?e secured hereby, mwtgagor tovenants i and agrees to pay to moctgagee v.ith each monthly payment an addirional sum estimated by mwtgagee to be equal to 1 f 12 of the annual cost of the follow- i ing: ~ A-All real property taxrs levied or assessed agai~st thc above descri5ed real estate_ ~ 1 B-Prem~vms on fire and windstorm insu~ar.ce as here~n requ~red ro be carried on the improvements situate on the above described premises. ~ C-Premiums on suth mortgage guaranty insurar,~e as mortgagee shall from time to time deem fit to carry on the loa~ secured hereby. Mortgagee shall from time to time notify mortgago~ i~ writing of the amount due and payable hereunder and such sum shall thereupon be due and cayable on the due dare of the next monthly payment and each successive month tnereafter u~til mortgagee shaN notify morigagor of n change in sucl? a~~ount. Such sums sF.all be applied by mortgagee toward the payment of real property taxes, insurante p?em:ums, and mwtgage guaranty inswance premiums. IN WITNE55 WHEREOf, the said MORTGAGOR has hereunto set his hand and seal the day and year first aforesaid. `~tr / S+gned, Sealed and deliver in the presence of: ~ ~ . a4 - ~ ~f' Ea~a J. Na2 , a single adu n ; u ~an 4 (5.~~ SSATE OF FLORIDA ~ courv~r of St. LuCie j Befwe me perwnally appeared Em~ J• ~lls a single dC~lilt ~ ~ ~ Li~ ~wf~„ to me well known and known to me to be ~ f the individvslf described in and who executed the foregoing instrument, and acknow{edged before me thatlhe~ exetuted the same for the pu~poses ; therein expressed. ~t~~id ! +.~if~ vE.t6~ aa+d-- ~ppn-,a-s~Wqy~pdpdr~t~ ' I esaaiicati~by,.~~Jal~ao.s~parat~~apsrf.frarri+e?~ai~iM»b~ndr~okr»wkci~ti-t~.aw~Veforriwstiu~iho-ex~cwed~a~id•imtww~eM~rs~i~ran~~r~lv~ rac+~y~nd~i~lMuf.my_cea+^.•r=~==.-=-~'tsairu,.apps v~sia+ros-fex-oi~fsoa?be~sair~ws~~+i. ! WITNESS my hand and official seal this- day Ma a o. i9 73 ~ - , tary Public in and fw the State flor`~ ~tai~•-, My Commiuion expires: : ~ , . " Retum To: . First Fedewl Savings E loan Associat~on M01ARY Pf/BUC, ~ a'~~ ~ uRCE O( Fort P~erce. MY COMMIS$IOR ~jqrs .~C.~ j97S Fort Pierce, Florida Bo^d~ Thry GeKrat Ir's~~,aj~ U~«~~n.: . - i = 'd ~"f ~ -i. j . = ; Q : This-Instrument Prepared By John W. Collins ~~EO AVt~ RECORDEG . First Federal Savings 8 Loan Association LUCIE CGUM ~ 1' FLA. j, _ of Fort Pierce Florida ROGER rO:;RAS ~ ; r CLERK Ci~i~UtT COURT . ~ RECOR.~ YER~~IE~ ` Checked 8y -rl~ ~ R~,~ N~r ~I 4 a9 PM'73 ~ a~~K ~.~3 PACF2334 253632 ~s ~ + - . _ - - - - _ - _ - - u_. ~ _