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Home My WebLink About0723 9. To plac~ and continuouily keep on the build~nqs ~ow a h.~eafr.. •~rw~. a+ •a~ iand •~+d on an eq~~~ee~ a~d P..,o~,ii~ coYe?ed by ~b~• ma~~ p~. with ~ii p?emivms thereon pa~cl i~ ivN, lire insu+anca in the usual ~~andard po1Ky iorm. i~? • tum approved by ?hs MORTGAGEE, and wind~torm intwae~t~ In tht usu~l ~taxlard polrcy form, in a sum approv~d by 1M N10RTGAGEE, tn tuch tanpany w compani~s ~s tM MORTGAGEE may dinct= ~nd all fG~ u~d w~ndstwm insura~ policai on ~ny of s~id build~rps, ~ny int~rql IMrein w part theraoi, in tM s~re9~~e a~m aforsiaid a in uceess lhereoi, ~hall contain tM vsval standard mortyay~e clau~e o~ such oiFwr cl~us~ a ~A~ Mat9~ rmay requ~r~, makinp tM loas undM ~a~d poli~ ciss, each and ~very. p~Yabls ~o iaid MORTGAGEE as iti interetl may appei?. and each +nd eve~y such pol~cy shall be promptly ass yned and detiv~red ~o ~ny hsld by aid MORTGAGEE a~ (u~~her ~eturity to said mat~~pe debt. ~nd, rWt IfSi tFfi11 tM (lO~ ~yf if1 advance oi tM expira~~a+ of each policy, to dr IivM to said MORTGAGEE a renewal thereof, topetMr with • receipt for the pr~mium of suth renewal; pnd there shall be nO fi~e w wirrdstorm Iruvrante pl~nd on ~~y of said buildirg~, any in~erest therein or part thereol, vnleu !n tM fwm ~nd wi~h tM loa~ payabl~ as atweiaid; ~nd in 1M ~veM any wn+ of monsy becpnes payable w+der such policy a policies wid MORTGAGEE shall Mve the optwn ro receivs and apply 1he same on account of the i~debted neu secured hsreby o? to permit said MORTGAGORS ro receive and uae it w any part thereoF for other pwposes, wi~houl thereb~ waivi~ig w~mpai~- irg any equity, lian w righ? unde~ a by v'utue of this mo:tgage; and in the event ssid MORTGAGORS sha11 fw any reason fail to kcep the said premisas so ins~red, w fail to deliver promptly ~~y of said polities of insurante to said MORTGAGEE, u fail promplty to pay fully any premium therefo~ a in ~ny respect fait ro patam, discharge, execure, effett, complets, comply with and +bide by thii covenant, a any part hereof, said MORTGAGEE may place and p+Y (or suth insurante or any part thereof without waivirg w ~ffettinp any Option, lien, equity. w right uodd p by virtue of this lMortgage. and the full amo~nt of eacA and every such payment shall be imrnediately dw a~d psyable and shall bear interasi from ths date thcreof until paid st the ~ate ot nine pa? centum per annum and to~ether with svth interest shalt be seturcd by the IiM of this mottgaye. I. To permit, commit or suffer no wasts, impairmeM a deteriwation of said prope~ty ot any ps?t thereof. 5. To pay atl and tingulu the costs, charges and expenses, including a reasonable anwney i fee and costs of abstracts of titte, incurrcd or paid at any time by said MORTCaAGEE, bccause or in the event oi the faiture on ths part of the said MORTGAGOR to duly, promptly and fvlly p~erform, d~xhargq execute, efiM, compkte, comply with and abide by each and every the stipulations, agreements, cwxlitions, and cove~ants of said promiuory ~ote and thw mortgage any w eitha, and said costs, ch~rges and expenses, each and every, thall be iminerliately due and payable; whether oi not thers be no~ice d~ mand, anemp~ to colkct w wit pendi»g; and the full amount of each and rvery sucA paymcnt shal~ bea~ inte~est from ~he date thereof v~til paid at 1Fx rate of nine per centum per annum; a~d all said msts, charges and expenses incurred or paid, together with such interes4 thall be secured by 1he iien oF thw mort~sye. 6. That (s) in the ~ven1 of any beach of lhFs 1Nwtgage or default on the part of the MORTGAGOR, or (b) in the event sny of satd svms of ma+ey herein referred to be not prampfly and f~lly paid within thirry (30) days next after the same severally become due a~d payable, without demand a norice, o? in the event each and every the stip~lations, agreemcnts, conditions and covenanh of sa;d p?omissory note and th~s mortgage any p eithe~ are rwt ~uly, promptly snd futty performed, dixharged, executed, eifected, tompleted, complied with and ~bided by, then in either w any svch event the uid ag- gregate wm mentioned in sa~d (xomiuory note then remaining unpaid, with iNCrest atcrued, and all mo~eys setured hereby, thall become dus and pay- sbte fwthwith, or thereafte?, at the oprion of u;d MORTGAGEE, as fully and completety as if all of the said wms of money were aiginally suputated to be paid on such day, anythiag in said promiuory note w in this Mortgage to the convary notwithstanding; and thereupon a thcreafter at the op~ion of said MORTGAGEE, without no~~ce w ttemand, :uit at taw a in equity, therefwe or tF+ereafter begun, may be prosecuted as if all mw~eys secured hereby had matwed priw to i» institWion. 7. That in the event that at the beginning of or at any time -pending any svit upon this Mortgage, w to foretlose i1,.w to reform it, w to enface payment of any claims hercunder, said MORTGAGEE shalt apply to the Court having jvrisd'ution thereof fw tF~e appointment of a Receivtv, such Court shall forthwith appoint a receiver of said mortgaged property all and'singular, includ~ng all and singulsr the i~twn~, proiits, issues and revenues from whatever wurce de?ived, eath and every of which, it being expressly undentood, is hereby mwlgaged as if spetificalty set fwth and dewibed in the grsnr:ng and habendum ctavses Frcreof, and such Receive~ sFwll have all the broad and effeciive functions arid powe?s in anywise entrusted by a Court to a Receiver, and su~h sppointment shall be made by svch Court as an admined equily a~d a matter of absolute rght to said MORTGAGEE, and without reference to the adequscy w inadeqwcy of the value of the properry mortgaged w to the sotvency or insolvency of said MpRTGAGOR w the defendants, and that such renes, profin, income, iutxs and revenues shall be applied by such Reteiver accord~ng to the -lim or equity of said MORTGAGEE and the practice of such Court. 8. To duly, promptly and fully perform, discharge, execute, effect, complete, comply wieh ar?d abide by each and every the stipulations, agreemmts, conditions snd-covenants in sald promisswy nota and this mortgage set f«1h. 9. That in the event the ownership of the mortgaged premius, or any part thereof, becomes vestcd in a person other than the MORTGAGOR, tha MORTGAGEE, its succeuors and auigns, may, without notice to the MORTGAOR, deal with such successor o~ successor in interest with rele?ence fo this mwtgage and the debf hereby secured in the same manne~ as with Mortgagor without in any way vitiating w dischar9ing the Mortgagors' liability F~ere- under w upon the debt hereby secured. No sale of the premises F~ereby mongaged and oo forbearance on the pan of the MORTGAGEE or in successws or assigns and no extension oi the ~ime for the payment of the deb? hereby secu~ed given by the MORiGAGEE or its successors or auigns, shall operate lo release, discharge, modify change a affect the wiginal liab~tity of the MORTGAGOR herein, either in whole or in part. 10. It is specifically agreed that time is of the essence of this confract a~d that no waiver of any obligation hereunder w of the obligaY~r? sr cured hereby shall at any time thereafter be held Io be a waiver of the ttrms hereof w of the inslrument secured he?by_ 11. In add~tion to the foregoing monthly payments of print'pal and iroe.est required by the promissory note secured hereby, mo?tgagor covenants and agrees to pay to mortgagee with each monthly payrnent an add~rional sum estimated by mortgagee to be equa! to 1/12 of Ihe annual tost of the fol{ow- i~g: A-All real property taxes (evied or assessed agai•~st the above dezcribed rea! estate. ' B-Premiums or~ fire and windstorm insurance as herein requ~red to be carried o~ Ihe improvements situate on the above described premises. C-Premiums on such mortgage guaranty insurar~ce as mortgagee sha11 from time to time deem fit to carry on the loan secured hereby. Mortgagee shall from time to time notify mortgagor in writ~ng of tfie amount due and payable hereunder and such su:n shall thereupon be due and payable on the due date of the next monrhly paymenr and each successive month thereafter uNil matgagee shall notify mortgagor of a change in svch amount. Such sums sF.all be applied by mortgagee toward the payment of real praperty taxes, insurance prem:ums, a~x! mortgage guaranty insurance premiums_ IN WIINE55 WHEREOF, t said MORTGAGOR has hereunto set his hand a~d seal the day and year first aforesaid. I~ Signed, kd a liver in the presence of: , ` r ` _ ~ an . ~ ~ i - ~n ~ ~s~.~ STATE OF FLORIDA ~ COUNTY OF St . Lu c i e ~ ~ Marion T. Ro er Before me perw~sll appeared P a~ ~ ~ieselotte M. Ropez E ~ his wHe, to me well known and known to me to be € the individvals described in and who exec~ted the foregoing instrument, and actcnow(edged befwe me thai they executed the same for the purposes k rhe•ein expressed. And the said Lzeselotte M. Roper . wife of the said p ~ Ma r i on T.. IZO @ I vpon a sepsrate a~d private ~ exami~at~on by me taken separate and apart from her said husband, adcnowledged to snd before me that she executed said instrument frcely and volun~ ~ rarily and w~thout any compulsion, coastraint, appre , or fear of or from her said husband. WITNf55 my hand and official seal thi day oi Ma q, p. 1973 i ~ Notary Public in and i the St e of Florida at larqe My Commiss'w~ expir : ~ ~ Return To: 4 first Federal Savings ~ toan Association Of Fort P~erce. C r ttOTARY PU8!!C. STATE of RORIDA et LARGE 3 ~J4S~J ;.~t Crr':iiiSSiJ;i ~XPIRES lAf~. 7, 1971 ~ Fort Pierce, Fbrida ~ca:e~ ~y hmer~;an EaDkErs IltSUf2t1C0 C~ ~ , `i~1:'Nilillr~~', ~ 4 U El ~ S ; i~ ~ 1 •J ~ This fnstrument P=Apared By Richard K. Kayes ~ 4Ep 4Mp ~iF~ RpEO ~ ~K•• • ~ - ~ • ~S~ ~ ~ Fi~st Federal Savings 8 Loan Association jT, LUClf COUN~1' f~,A. , ~ - ~ = > > CIEF:K Ct'~ ~ ~ ~ ;i` ~ • ~ ; € of ~ort Pierce FlOtida~ ~pC~" ~ulT~ URt ` ~ ~ ~ l~ ~ r - ~U RfrftN~? ~r:. t?~Q~r..~ ~ ~ . ~ ' c= ~ " . ? Checked By 1~" . ~ S • = . - ~ M~r 18 10 oz AM'73 ~~s• ' : , Q ~ ~ . ~ 7Z4 ~ sra~~ oF,~,.~~' _ ~ BO'JRK2~~ PaCE _ r~,r~,~~+~~~?;~. ~ - . ~ , - - ~x ~ _ . _4_ ,~,,.._4_ , _ - ~ ~