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Home My WebLink About0205 3. To pl~r~ and conti~uously keep on ths build;rps now w hae~hN ~itv~t~ on said land and on all equipmtnt ~nd p~?w~ally cover~d by this mort¢ ~p~. with dl pr~miums tMr~on pa~d in full, fire insur~nc~ io ~M ~iual s~andard policy fam, in • swn approv~d by ~ha MORiGAGEE. a~d wind~ram ~nurr~ t~ tM ~nual iandard pol~cy fair?, io a sum ~pprovd by tM MORTQIIGEf, in tutl~ company a companies ~s tM MORTGAGEE may dinct~ and ~Q i4~ and winduwm ir?svranc~ policies on ~ny of ~aid Iwitdinps, ~ny In~er~at tF~rein or pa?t thsreof, in tF~ ~rey~~~ ium afo~e~aid a In uccNS ther~of, shall contain tM ui~?al standud mw~ga~e clavs~ or such otha clws~ u ~M Mor~yaqN may rcqu'u~. maklnp rM Ioss unda u+d pd~ c~~a. exh uid ~vKy. paYabl~ 1a said MORIGAGEE q ib Interest m~y ~pp~ar. ~nd e~ch a~d eve~y ~~ch policy shall be promptly au.9ned and delivered to any Mld by sak! ARORTGAGEE ~s funhs~ secu~ity to said morty~ debt, and, no~ I~u ~h~n. tM (103 d+ys in advante o( tM expiration of each policy, to da IivN tp said 1µpRTGAGEE • re~ewal thereo/, loytthp wirh a roaeipf fw tM pr~miwn o! such renewalj and Ihen shall bt no firo w wind~lo.m iniuranc~ pl+ad on a~y of said b~ildirga, any intNKt therei~ or pu1 tMnof, uRlesi in tM fwm ~nd with tM loa payabk as sfor~saidj and fn th~ ev~nt any sum ~ of nwnsy becom~s payabk undsr wch policy or policies ssid MORTGAGEE thall haw ~h~ optan to receiva and apply tha same on accovnt of ths Inclebted- ~ oeu setured hNeby q b permit said MORTGAGORS ro tectiw u+d use it or any part thereof fw othcr purpoaes, wilhovt thareu~ waiving o~ ~mpair- irg any p~ity, lien a right und~~ or by vi?tus of this mortya9ej ~nd i~ tM ~vent said MORTGAGpRS shall fa ~ny reszon i~i) to keep the s~id pr~mises so inturod qr fail to detiver promptly ~ny of said polities of intwantt to s~id lV10RTGAGEE, a,fail promRtly to p~y fully ~~y premium therefw or in any rospstt fail b pafo?m, discharge, execute, effect, comptNe, comply with and abid~ by this covenant, p ~ny part hereof, said MORTGAGEE may pl~ce ~nd paY fa such insuranc~ o~ any part lhereof without waiviny w affactinp any option. lie~. equiry. or riyht unda a by virtw of th» MonQsps, and the J full amo~rnt of e~ch snd ~vNy svch payment shall bs immediately dw ~nd payabl~ ~nd ~MII beu interest from ths dat~ thereoi u~til paid ~t tM raro oi M ~~M pK CMtum per an~wm and togethe~ with such inrer~sr shalt be secured by tM lien of ~his mo~rtg+ge. ~ 1. To pxmit, commit o? suffer no wsste, impiirment w deteiaration of said property or any psrt ti~ereof. i S. To pay di a~d sirgvlu the costs, charges ~nd expenses, ;ncl~dinp s roesonabla atrorn~y's fee and costi of abstracts of tide i~curred or paid at ~ eny tune by said MORiGAGEE, because or in the eveM of the failure on the paN of tha ssid MORTGAGOR b duly, prompHy snd fvlly perfpm, diuhergq execute, effect, complete, comply with and ab~de by esch uid every the itipulat:or?a, agreeme~n, co~ditio~u, ar+d covenann oi s~id promissory note and this ^~9+W +rtY a e~t~, and said cost~, cha~ge3 and expenses, eacA and every, ilwll b~ immediately dua and payable; whether or no~ there kx notke d~ mand, attempt ro collect or tuit pending~ and the fvll amo~nt of esch u~d eve?y wch payment shall bes~ interat from the date thereof until paid ~t the rate of oine per centum per aru~um; and aU said coa~s, charges and expenses incurred or paid, togethe~ wifh suth intaesL sbaU be sec~red by the lien of this mortpage. 6. That (a) in the.event of any bresch of this Mortgag~ w defaull on the pan of the MORTGAGOR, w(b) in the event ~ny of said sums of ma~ey herein refer~ed to be not promptly ~r?d fvlty paid within thirty (30) days next after the same severally become dve and payabk. without demand w notice, or in ths event each and every the stipulations, sgreements, conditia~s u~d covenants of a+d promisswy note and this mortgage ~ny o~ either are nol iuly. promptly ~nd fully pe(fwmed, discharged. exetuted, eifected. eompleted, tomplied wi~h arul abided by, then. in either w any such event 1ht said eg qregate svm mentioned tn said p~omiuwy nole then remaining unpaid, with iroe?est acuved, and all moneys secured hereby, shall become dw and pay- able fwthwirh, or thereafter, at the option of said MORTGAGEE, as fully and completely as if all of the said tvma of money were originslly stiputated to be paid on such day. anything in said p~om~uory note or in this Mortgage fo the conaary ratwithstandirg; and thareupon a lheresfter st the option of said MORTGAGEE, withoW notice o? dema~d, svit at law w in equity, therefwe w thereaher begun, may be prosecuted as if all moneyt iecured I+ereby had matvred priw lo its instit~tion. 7. That in the eve~t that at fhe beginning of or at any time pe~ding any wit opon this Mortgage, or to foreclose it, or to relo~m it. or to enfores payment of any tlaims hereu~der, said MORTGAGEE shall apply to the Court Mving jvrisdiciron thereof for the appointment of a Receiver, suth Court shall forthwith appoint a reteiver of said rtwrtgaged prpporty all and singutar, intlud,ng all a~d singvlu tF~e intome, profits, iuues and revenues from whatever sovrce derired, each and every of wh~ch, it being expressly undentood, is hereby mortyaged as if spetifically set fwth and deWibed in the 9ranting and habend,xn dauses hereof, and such Receiver shall have atl fhe broad and effective f~nct~ons and povren in anywiu entrusted by s Court ro a Receiver, and wch appointmeM sF~all be made by such Court as an admitted equify and s matter of absolufe right to said MpRTGAGEE, and w;thout reference ro the adequscy or inadeq~acy of the v~lve oi rhe properry morfgaped Qr'to rhe socvency, o: in:ohrency •of s~W MpRTGAGOR or the defendann, and that such ren~s, profits, income. iuues snd revenucs shall be applied bji such Receiver accoiding-to_.f~e lien or ~q~ity of said MORTGAGEE snd the prxtice of such CovrL - • . _ ~s. ~ . ~ - 8. To duly, promptly and fully perfwm, dixharge, execute, e~fcct; cpmplete, comply=with and abide by each and every ths stipulat'rons, agreements, conditions and covenants in sa~d promisso~y note u+d this mortgage ut fwlh. 9. That in the event the ownership of the mortgaged premises, w any part thereof, becomes vested in a person other than the AAORTGAGOR, the MORTGAGEE, iri svccessas and au;gns, may, without notice to the MORiGAOR, deal with such sucteuor ot succeuor in interest with refererxe to this mor~gage and the debt hereby secured in the same manner as with Mortgagor without in any way vitiating w dixharging the Mortgagors' liability herr under p upon the debt hereby secured. No sak of the premisrs hereby mortgaged ar~d no forbearance on the psn o1 tAe MORTGAGEE w in successon or auigns and no ex~ens'on of the time fa the paymem of the dcbt hereby secured given by tF~e AhORTGAGEE or its successors or assgrq, shall ope~ate ro release. d~xha~ge, modify cbange or affed 1he uiginal IiabJity of the MORTGAGOR (xrein, either in wFale w in pu~. ' 10. It is specificapy agreed that time is of the essence of this contrad and that no waiver of any obligation he~eunder p of the obligation so- cured hereby shall at any time thereafter be hetd ro be a waiver of the terms hereof a of the instrument secured herby. 11_ In addition to the forego:ng monthly pa~eneros of princ'pal and interest requirecl by the promissory note sec~red hereby, mortgagor covenaros and agrees to pay to mortgagee with each monthly payment an addirional svm estimated by mwtgagee to be equal to i/12 of the annual cosf of the follow- ~ng; , A-All ~eal p~operry taxes levied or assessed against the above described real estate. B-Premiums on fire and windstorm insurence ss I+erein requ~red fo be carried on the improvemenri sitvate on the above destribed premises. ' C-Premiums nn such mortgage guaranty insurance as mortgagee shal( from time to time deem fit to carry on the loan secured hereby. Mortg+gee shalf from time to time norify mortgago~ in writinQ of fhs amouM due and payable hereunder and wcfi wm shall thereupo~ be due and Fayable on the due date of the next momhly payment and each successive month thereafter urtil mortgagee shall notify mortgagor of s charige in such amount. $uch sums sF.ail be applied by mortgagee toward the payment of real properfy taxes, insvrance prem;ums, ant! mortgage gwranty insurance p~emiums_ IN WITNESS WHEREOF, the said MORTGAGOR has hereunto set his hand and ual the day and e first aiw id ~9rted. Se and ed in the ptesence of: r ~ n ~ _ ~,n ~ ~s~~n STATE OF FLORIDA 1 ' eauNn oF _ _ _ St. be?iw i ~ Befwe me personally appearcd _ ~ e~ c~. A~t~t~il~. 8 Y1dO~Y~ w~I ~rwfi to rn~ well known and known to me to be the individualy described in and who executed the foregoing inatrument ant! atkrww{edged befpre me that S~ executed ihe same fw the p~rposes therein expressed. fllR!'f11~~at~ '~r1'hJ~h~ill~IA ~1lI~~R'Of1M ~ wid'aPan'Iten?~4ier~~dgettte°M~tt'b~l1b~! 'i~AtreN~nrirlMy's11e1'V~tOf~ '~'"'1~'~~'r.:1~M,•M'l~ ~e~iw+r ~wnh~w+R~~pp~~ WITNESS my band and official seal thiz day of A. D. 19~ . . Notsry Publ' and for t tate of F{orida at lar9e Retwn To: MY.~~' expires: ~ G~ /~7S' Firsf Federal Savings d~ loan Astociation ` ' Of Fort P~erce. , y~~ti~i~+tis:,~~j ' : Fort Piarce, Florida • ; ~ , •'r, f•-, • = ; = fILE~ AN~ 4~ECQRDEO ' - ~=''j ~ ST.IUCtE COl1NTY fLA. ~ ~a.-• P.OCE? P~11RAS" ~ _•ti: --'~•':?•~F ~ CLERK C~yC'J1T COURT ~*-i•~i_ ~;fD.~.....~-- This Instrument Prepared By g~ ~•g~ t~~~=• '~'%N." RECOR9 VEr' First Federal Savings & Loan Association ' ' ' - = ~ i • of Fort Pierce~ F101'id8 J ~r ~ 9 Z6 NM ~~3 a~~~Q:~,~.~;-4 . • . = 25g292 Checked By_ . , ~ _ ~ ~ . •~~'~r~.,~~..~` oox214 ~ 2!~ ~ ~S~~A~'~1~'`Lr~w:'1 J' ..y ..::t ~ _ . _ ~ _ - _ _ ~y..'~ _ 'tz ;iy~'~.~'°~r- ,e ~ t„ , "'4r^ r +f.~'' ~ - w . _ . _-.i.a~: , ~ ~