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Home My WebLink About0579 To plac~ and cominuously keep on the bui:d~ngs now a herea(t~r ~ituat~ on ~~id I~nd and on all equ~pme~~ and pawnatly covercd by thii ma~p- p~, wi~h ~II premiumi ~hereon pa~d in lull, fire insurance ~n the usual t?andard policy lorm= in • ~um app~ov~d by tM MORfGAGEf, and wind~torm insunnct in the uswl s~andi.d pot~cy fam, in • sum approved by ~M MORTGAGEE, in such company w companits as ~M MORTGAGEE i++ay du~ut ~nd all fire and windstorm insurancs potK~es on sny ot taid build~nys, sny In?erest therein or part Ihereof, in ~M a~qre9a?~ sum afa~u~d o~ in ~xcess thereof, shall comain the uswl s~anda~d mw~gagea clause or iuch othH claus~ as the Morty~~e~ may requu~, makirq ~hs loss undrr ~a~d po1F ciei, each and every, payable ro s~id MORTGAGEE as ~h intere~l may appear, and esch and every tuch polity ~hall be promptly ass.pned and de~ivercd ~o any held by ssid MORTGAGEE ss fur~her security to u~d mwtgage debt, and, not leu ~han ten (10) dayi in advanca of the expiration of each polrcy, to dr IivN ro uid MORTGAGEE a ~enewal Ihe~eof, toge~her wiih a rrceipt fw the pran~um of such renewal; and ther~ shall bs ra fire w winds~wm insurance pl~cad on ~ny of said buildings, any i~terest therein w psrt thercof, unleu in the form and with tM loss p~yable as •fo~esaid; ~nd in the event any i~m ~ of monty becomes payable under such policy w poGc~es said' MORTGAGEE shall Mve ~hs option to reteiva and apply the same on accouM of the indeb~ed , ness secured hereby w lo permit said MORTGAGORS to reteive and uie it w any part thereol for other purposes, vii~hout the~eb/ waivi~~g or unpair• t ing any equ~ty, tien w righ~ under w by virtue of this mo:tgsge; and in the event sa~d MORTGAGORS shall for sny reason fail to kesp ti~e aid premisrs so insured, or fail to det~ver promptly any of said policies of insurance to sa~d MORTGAGEE, or fail promp?ly to pay fully any prem~um thereta w in any respect isit Io perfwm, d~scharge, execute, effed, complete, comply with and sbide by this cove~ant. or any part hereof, s+id MORTGAGEE may p~ace and pay fw suth insurancs o~ any part theroof without waiving or affetling any option, lien, equity, or ri9h1 unde~ or by virtue of fhis Matgage, and tht full ~mount of each and every such payme~t shall be immediately due snd payabls and shall bear interest from Ihs date thereoi until paid at the rate ot nine per centum pe~ annum and together with such interest shall be secured by the lien of this mortgsge. • i 1. To permit, commit or sufte~ no wasts, impairment w deterioration of said properry or any paA thereof. . ' } 5. To pay all and singular the costs, charges and expenses, including a reasonable attorney's fee and costs of absnscts of title, incurred w paid al eny time by said MORTGAGfE, because or in the event of the failure on the part of the said MORTGAGOR to duly, promptly snd fully periwm, d~scharge, } rxecute, effed, tompfete, comply w~th and ab:de by each and every Ihe stipulations, agreeme~ts, conditions, snd mvenants of said promiuory note and this mortgage any or either, and uid costs, cFNrges and expenses, each and evc?y, shall be immediatety due and psyable; whelher w not there be notice dr ~ mand, attempt to colled w suit pend~ng; and the full amount of each and every s~ch payment shall bear interest from the date thereof until paid at the rate of nine per centum pe~ an~ium; and all sa~d costs, charges and expenses inturred o~ paid, together w~1h tuch interesl, shall be secured by the lien oi tha • mortgage. ; b. That (a) in tAe event of any breach of ~his Mwtgage a defaulr on the part of the MORTGAGOR, a(b) in the event any of uid svms of mooey j herein referred to lx not promptly and fully paid within thirly (30) days ~+ext after the same uverally become due and payable, without damand or noYKe, ~ or (c) in the event each and every the stipulations, agreemems, conditions and covenants of sa;d promissory note and th~s mwtgsge a~y w either are nof ° iuly, promptly and (utly~performed, d~xharged, eaecuted, etfected, completed, compiied with and abided by, 1FKn in either or any such event the said ag ~ grzgate sum mentioned i~ said promiuory note then remaining unpaid, with interest accrued, and all moneys setured hereby, shall become dve and pay- eble forthwith, o~ thereafter, at the option of sa~d MORTGAGFE, as fully and comple~ely as ii all of the. wid sums of money were orginally tupulated to be paid on such day, any~hing in said pro~n~uory aote w in this Mortgage to Ihe contrary notwithstanding; and thereupon w thereafte? at the option of said MORTGAGEE, without notice w demand, suit at law or in equity, therefore or thereafter begun, may be prosetuted as if all moneys setured hereby ~ had matured pnw to its institution. ~ 7. That in the event that at the beginning of or at any time pending any suit upon this Mortgage, or to fweclou it, w to refwm it, or to enforce " paymeot of a~y claims hereunder, said ~1ftORT(',AGEE shall apply to the Court having jurisdiction thereof for the appointment of a Reteiver, such Cou?t shall t Forthwith appo+nt a receiver of said mortgaged proF.rty all and singula?, includ~ng all and singular the income, profits, issues and revenues from whatever E source derived, each and ev~ of which, if ~bltpg expre:sly unders~ood, is hereby mortgaged as if specifically set forth and described in the grsnting and { habendum clauses hereof, and such Receiver-siiell have all the broad and effective iuncnons and powas in anywise entrusted by a Court to a Receiver, and ` s~ch appointmeut sh31~ Eia.made by slxh Cowt as an admitred eq~ity and a matter of absolute right to said MORTGAGEE, and without reference to the ; adequacy or in'sdeq~aty'oT the Yalue of the property mortgaged or to the solvency or insolvency of said MORTGAGOR w the defendants, and that such ~ re~~s, profits, income, iuues and revenues shall be applied by such Receiver according to the lien or equity of said MORTGAGEE and the practice of such ~ Courf. ~ ~ 8. To duly, promptly and fully perform, diuharge, e:ecute, effect, complete, comply with and abide by each and every the stipulations, sgreements, ` conditans and covenants ~n sa~d promisswy note and th;s martgage set fwth. ~ 9. That in the event the ownership of the mortgaged prem~ses, or any part thereof, becomes vested in a person other ihan the MORTGAGOR, the MORTGAGEE, its successors snd assigns, may, without notice to the MORTGAOR, deal with such successor w sutcessw in interest with reference to this mortgage and the debt hereby secu~ed in the same manner as with Mortgagor wi~hout in any way vit~ating w d~uharging the Mortgagors' lisbility herr under w upon the debt hereby secured. No sale of the premixs hereby mortgaged and no forbearance on 1he part of the MORTGAGEE or its tutcessors or assigns and no extens~on oF the time fw the payment of the debt hereby secured given by the MORTGAGEE or its successors w auigns, ahall operate ro release, d~scharge, modify change w affect the orig~nal liability of fhe MORiGAGOR herein, either in whole w i~ part. 10. It is speufically agreed that time is of the essence of this comract and that no waiver of any obtigation hereunder or of the obligaYan se- cured hereby shall at any time thereafter be held to be a waiver of the terms hereof or of tFx instrument secured herby. 11. tn add.tion to the forego:ng mo~thly payments of princ'pal and interest required by the promiswry note secured hereby, mortgagor covensnts and agrees to pay to mo:tgagee vvith each monthly pay.nent an addirional sum est~mated by mortgagee to be equal to 1 j 12 of the annual cost of the follow- inq: A-AI~ real property taaes levied w assessed against thc above described real estate. B-Premiums on fire and windstorm insurar.ce as herein requ~red to be ca~ried on the improveme~ts situate on the above desuibed premises. ~ C-Premiums on wch mortgage guaranty ir.surar,ce as mor~gagee shall from time to time deem fit to carry on the loan secured hereby. ~ Mortgagee shall from time to time notify mortgagor in writing of the amount due and payable hereunder and wch sum shall +hereupon be due and ! ; Fsyable on the due date of the next monthly payment and each successive month thereafter urtil mortgagee shall notify mortgagor of a change in such ~ amount. Such sums shall be applied by mortgagee toward the payment of real property taxes, insurance prem:ums, and morfgage guaranty insurance oremiums. ~ IN WITNE55 WHEREOF, the said MORTGAGOR has hereunto set his hand and seal the day and ear fi aforesaid. ! Signed, Sealed and deliver~d in the presence of: _ ~ ' ary ~ W1 1~?1~ . O~ t~ a~~ ~ ~ an ~ cc7onald r~,q STATE OF FLORIDA ~ COUNTY OF St. Lucie ~ Before me penonally appeared lllld~ .~'~8CdvTla~ s~ ° Mary Jane M ona d his wife, to me well known and knoHm to me to be the individuats deuribed in and who executed the foregang instrument, and ackiwwledged befwe me that they executed tF~e same for the purposes therein exp?essed. And the said M~ V Jsne MaednnaLd wlfe of the ~~a ~ willias ~CdQtldld upon e separate and private examination by me taken xparate and apart from her said husband, ack~owledged to and before me that she exec~ted said instrument freely and voluo- rarity and without any compuision, constraint, apprehensi~ fear of w from her said husband. ~ ~ WITNESS my hand and official seal this day of A. D. 1973 ~ 3 p Notary Publ' n and for tFie State of Florida at large ~ ~ My Commi eapires: ~ ~ Return To: ~ First Federal Savings a loan Association Of Fort P:erce. ```•~~~«tr~~.',;,, ~ Fo~t Pierce, Florida ~ ~ ' fl(.EO jND RECOROfO ~ ,ST. lUC1E CGtlNT1f FtA. ; • . HOS~R F~iiRAS i . ~ ~ CLE?K CtRCU1T COURT ;~I~~ ~ _ ' • RECOR~ VEr~`:~D.. This Instrument Prepared By Gazy F. Eliwood'-- ' ~ + First Federal Savings & Loan Association ~ ~b ~ 0~ 1 f1 ~3 ~ ~ of Fort Pierce , Fla. .,-~i~ ~ ~ Checked By~ ' S~•~ :C} ~+54v ! C7 '~ni::,.~ gpqK ~~4 PAGE 50~ ab _ _ ~~~r~ ~t - _ ~ - - L k _ _