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Home My WebLink About1203 I i; 3. To plac~ and conti~~ously keep on tM bu~tdinys now a I+treaftH NtwN on taid I~~d and on all cquipment and penonally covaed by this morlq~ ? sp~, with all premium~ ?herton pa+d ~n full, (ire i~sunncs in the usu~t su~dard policy form, in • s~m approvsd by tM MORfGAGEE, and winds~orm inswance in th~ usual itanda~d pol~q (wm, i~ a sum approved by tM MORTGI?GEE. i~ such compa~y a companlN as d+~ MORTGAGEE may d'u~cli ~nd sll iir~ u~d wt~dstorm insurance poliuss on any o( sad buildi~ps, any inttr~st 1M~ei~ or pa~t thetwf, in th~ ayp~aQate ~um afw~said a tn ~xc~st thsraof, sMll ca+ra+~ tM usua! standard monpsp~e claus~ or ~uth othH clwis u 1M Mortqpt~ may rpuir~, maMinp the losi unda sa~d poli~ cia~, each and evtry, payable ~o said MORTGAGEE as its intcrest m~y appea~. and e~ch a~d ~vcry tuch policy ~hall b~ promptly ass:gned and delivered ro ~ny held by uid MORTGAGEE as further ucurity to s~id mortyaye debt, ind, r?W !tu than ten (10? days in advance of tM eap'uation of tach polity, to da I~ver to said MpRTGAGEE a renswal thersof, to~e~he? wi~A • rat~ipl fot tM pr~mivm of svch renew+tj a~d tl+ere shstl be r+o I~re or winds~orm iniur+nce p~sc~d on any of taid buildinqs, sny intereit thtrein a put the~eof, unlest in the form and with tM loss p~yabb as afwetaidt and in t1+~ svent any sum of monty betomes payaWa under such policy or policiei said MORTGAGEE shall have 1h~ option to receive snd apply ths same o~ accoum of the indebted~ neu setured hereby p~ fp pe~mit said MORTGAGORS to reteive and ust it O? any parl thereof Iw other purposes, wi~hout thereb~ waivi~~g o~ ~mpair- ~n9 any equity, lien p rghl under ot by virtue of thii mo: tgaqe; and in the event wid MORTGAGORS ihall fw any reasor? fail to keep the ia~d premisrs so insured, a iail lo dslive~ promptly a~y of wW policies ot insvr~~ce 1o said MORTGAGEE, a fail promptly to pay fully ~ny premium therefw w in any respecf fail b periwrey discharge, e:KUts, ettect, complete, comply wi~h a~nd abide by this covenanf, or any part hereof, said MORTGAGEE may place snd paY iw :uth Insurants a ~ny part thereof without waivinp a sffectinp ~ny option, lien, equity, w right ~nde~ w by virtw of this Mortgape. ~nd the ~ full uno~nt of each and eve.y suth paymenl shall be immediately d~e ~nd psyable ~nd shall be~: intere~l from ths date thereof until paid ~t the rare ol nine per centum pa annum and fogerl~er with such i~fere~t shall be secured by 1M lien of Ihis mottgage. 1. To permit, tommlt a suffei no wasts, imp~irment o? deteraration of said property w any part thereof. S. To pay all and sin~ular ths costi, chargcs and expensea, i~cluding a reasonable at?orney's fee and c~sta of abstractt of title, incurred o? paid at any time by said MORTGAGfE, because or in the event of Ihe failure on the pan of 1he ssid MORTGAGOR to duly, promptly snd fully pe~form, d'+uha~9e, execute, effect, mmpfrte, comply with and abide by exh and every the atipulations, sgreern~nts, conditions, a~d covenants of said promiswry note and this mortgags a~y w ei~hw, and sa~d cosn, char9es and expenses, esch a~d every, sha11 be immediately due and payable; whe~he~ w not there be norice de mand, attcmpl to collect p suit pending; aod the full amount of each and every such payment shall bea~ interes? from the date thereof until paid ~t the rate of nine per centum per annum; and all said costs, charges and expenus incurted or paid, logelher w~th such interesf, shall be secured by the lien Of tha m«tg~qe. Q Th~t (a) in the event of any breach of this Mortgage w default on ths pan of the MORTGAGOR, or (b) in the event ~ny of said swns of mo~ey herein rsfared to be ~ot promptly and fvlly paid within thirty (30) days next after the same uverally becoms due and psyable, withoW demand w notite, or {c) in the event each and.every the stipulations, ag~eements, conditions and covenants of said promisw~y note and ~h~s mortgage any or either are ra! y ~uty, promptly and fully parformed, d~scharged, executed, effected, completed, comptied with and sbided by, then in either or any such evero tM ssid a~ ~ gregate sum mentioned in said promiuory note then remaining unpaid, with iMCres1 acuued, and all moneys uNred hereby, shall betome due and pay- able forthwith, or thereafter, at the option of said MORTGAGfE, as fulty and completely as if all of the said sums of money we~e wiginally stipulated to be paid on such day, anything in sald promissay note or in this Mortgage to the contrary notwithstanding; and ~hereupon or thereafte? at the option of said MORTGAGEE, without not;ce or demand, suit at law or in equity, therefwe or thcreafter begun, may be prosecuted u if all moneys fecured he+eby had matu~cd pnot to iq irtstitution, 7. That in the event that at the beginning of w at any time pending any suit vpon this Mortgage, or to fweclox it, or to reTorm it, or to e~force payment of any claims hereundet, uid MORTGACaEE shatl apply to the Coun having jurisdiction thereof fw the appointment of s Reteivd, such Cou~t shall forthwith appoint a receiver of said mwtgaqed prpperty all snd singula~, indud~ng all and singular the income, profits, issues and revenues irom whatever tource derived, each and every of which, it being expressly understood, is heteby mortgagod as if specifically set (orth and desuibed in the granting and habendum clauses hereof, and such Receiver shall have all the broad and eNecrive funcnons and powers in anywese ei~frusted by • Court to a Receiver, and s~ch sppointment shall be made by sucb Court as an admitted equity and a matter of absolute rght to said MORTGAGEE, s~d without reference to the adequacy a inadeq~acy of the value of the property mongaged or to the so~vency or insolvency of said MORTGAGOR a the defendanrs, and rhat such renrs, proFits, income, i:sues and revenues shal! be applied by such Receive~ accwding to the lien ot equity of said MORTGAGEE and the pradice of such CouA. 8. To duly, promptly and fully perfwm, discharge, execute, effect, complete, comply wi~h snd abide by tach and every the stiputatiorts, sgreements, conditions and covenanls in said promissory oote and this mwtgage se~ forth. - 9. That in the event rhe ownersh~p of the mortgaged premises, or any part fhereof, becomes vested in s person otF~er than the MORTGAGOR, the h10RTGAGEE, iq succeuora and ass~gns, may, withovt rwt~ce to the MORTGAOR, deal with such succeuor or successor in interest with refercnce to this n,ortgsge a~d the debt hereby secured in the same mann~v as with Mortgagor without in any way vitiating o~ diuhsrging the lNortgagors' liability herr under w upon ~he debt heroby secured. No sale of the premises hereby mo.tgaged a~d no forbearance on the pan of the MORTGAGEE w its successon or assigns and no extension of the time fw the payment of the debt hereby secured given by the MORTGAGEE or its successors or auigns, shall operate ro release, d~uharge, modify change or af(ect the orginal liabit~ty of the AhORTGAGOR herein, either in whole a in part. 10. It is specifically agreed that time is of the esxnce of this contract and that no wsiver of any oblgation hereunder or of the obligation se- c~red hereby shall at a~y time thereatter be held to be s waiver of the terrtu hereof w of the instrument secured herby. 11. In add~tion to the forego:ng monthly paymenfs of princ:pal and inrerest requered by the promiuory note secv~ed herpby, rtwrtgagor covenants and agrees to pay fo mortgagee with each monthly payrnent an addi~ional sum estimated by mortgagee to be equal to 1/12 of the annual cost of the follow- ing; A-All real property taxes levied w assessed agaiss~ thc above descri3ed real tstate. B-Premiums on fire and windstorm insura~ce as here~n requ~ted fo be carried on the improvemenh sifuate on the sbove described premises_ C-P~emiums on sucls matgage guaranty insurance as mortgagee shall from time to time deem fit to carry on the loan secvred hereby. Mortgagee shall from time to time notify mortgagor in writ~ng of the- arnonnt due and payable hereunder and such sum shafl thereupon be due and Fayable on the due date of the next monfhly payme~t and each successive rr~onth thereafter ur,til mortgagee shaN notify mortgagor of a change in sucb a~~ounl. Such sums shail be applied by mortgage¢ toward the payment of real property taxes, insurance p~em:ums, and mortgage guaranty insurance premivms. (N WITNESS WHEREOF, the said MORTGAGOR has hereunto set his hand and seal the day a ar iirsf for id. 5egned, Seakd and delivued in the prexnce of: ~ ~ _ n r s4 _ ~,n Li a A. Lindsa ~e~ ~ SiATF OF FLORIDA ~ { ~ St. Luc~e u- ~ ~ COUNTY Of ~ Before me perw~wlly appeared BrIC A. L1T1dSdy a~ ~ Linda A. Lindsay his wife, to me well known and known to rrK to be P rhe individ~rab deuribed in and wlw executed the foregoing instrument, and xknowledged before me that they exetuted the same fw the pvrposes ~ rherein exprcssed_ And the said T.1t1Cja Lindsay i w~fe of the said Erie a. Lindsasr upon a separate end private ~ e,camination by me taken separate and apart from her said husband, ackrawledged to and befwe me that she executed said inatrume~t frealy. and volun- ` ~ rarily and w~thout any compulsion, constraint, appre si , w fear of or from he~ said husbarxl. ; ' WITNESS my hand and official seal thi da f Md ~ 73 ~ Y~` ,E.l~s(/r - '~.1A.T- ~ Notary Public in and w t StZte f,biida at larpe ' ~ ' My Commiuion expires• " - ~ : ~ Retum To: ~ = ' - First Federal Savings 3 toan Associatlon ~ N07ARY PUB.IC, Si11TE a~Lp ~gA ~ ~,q~gf Of Fort P~erce. 19T ' 1~~~vs~V~/~j MY CO'dti11SS!~~~ EXPtfi~S 0 : r=_ _ i Bon~rd ih.u (,-q~:ral nf - ~i ' Forf Pierte, Florida J~ ~~;e.ljnEerwnttv~. : ~ ~ ~4-~i '~2 _ i 1 Z_ T~ ` ~j~l y ! This Instrument Prepared By G~y F• ~11MOOd ''~~nr~;~tu~fi' ' ' First Federal Savings 8 Loan Association f~~fD ANU ~~~~ROEO ~ of Fort Pierce, F'loz ida ST• ~uC~E ~PO µt ~g~A. ; waR,~~;;~;.~~~~ couat Checked By ~ PFCraG v`~'. c.ED ~ , ; 3 ; € M~: 2Z 10 z2 AH'~ ` BOOK~~4 PACF~~O~ ' sb ~ _ ` ¢ =,i - - - - - - - _ .:Y~ ~r ~ - .3'4_e~^~;......,a_.,=,_aa- a . u.,...... - ="".eF a~.`"~r . _ , ~ . . . ~~'a? _ _ , . . a