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Home My WebLink About1221 3. To plx~ and cantinuously ke~p on the buitd~n9s ~ow a Mnaf~N aitv~t~ on said land ~nd on all equipment ~nd penonally towred by this morty- ~p~. with ~It premiums tl?aeo~ p+id in full. iire in~v~+~ce in tM ~wal ti•~sndud policy form. fn • ~um approved by the NWRfGACiEE, and windstp~p inwr~ec~ i~ tM viwl tranda~d pol~cy fam, In a ~um ~ppioved by ~I» MORTGAGEE, in such company or compan~es u ~M MORiGAGEE may di~ectj ~nd all tin ~nd windstorm inturant~ policie~ on any of said bu~ldlnq~, any inters~t ther~in a p+n theraof, i~ tM ap9re9~i~ ~um aforessid w In ~xatis~ ther~oi. ~hall contai~ ~hs us~ai s~anda~d mor~9a~ clavs~ w ~uch othK claus~ as th~ Monpp~e may requ+r~, ma4i~p ~he lo~a under w~d poti~ ciss, each ~nd ~vKy, payabls ro iaid MORTGAGEE as iti intereu may ~ppe~r, ~rd each and ~very iuch policy shall b~ promptly au pned and d~livered to ~ny held by said MORiGAGEE si furthsr security to Hid morty+qe debt, and, ~+ot I~is 1Fan ten (10) days in adva~ce of rhs expiral3on of each pol~cy, to dr live~ fp ~aid MORTGAGEE a?enew~l the~eoi, topelMr with a reteipt fo~ tAe premium oi s~tl~ ~eMwalj and ther~ sMll be no fu~ or windatorm insuiante plac~d on ~~y of iaid buitdingi, ~ny i~terest tl+e~ein w parl tF?erwf, unleu in the iorm and with tM iou p~yabl~ ea a(oresaid; ~nd in th~ avenf any sum of money becomes payable unde~ such potity or policiei wfd MORTGAGfE shaU haw ths optlon to rxeive and ~pply the same on accou~t oi ~he i~deb~ed- neu secuted haeby o~ b permit ~aid MpRTGAGORS ~o receive u+d v~? it a ~ny part thereot iw other purposes, wi~hou~ th:reb~ waiving or ~mpair- ing any pui)y, lien w right under or by virtus of thi~ morl9agej u+d in the eveni uid MORTGAGORS shall for any reason fail ~o keep the ssid premises so insured, or fall to deliver p~omptly rny of said policiei of ins~rsnce 1o iaid MORTGAGEE, or fail promptly to pay fully sny premivm therefor w in any reipect fail to pafam, dixharge, execute, ~ffecl, tomplets, comply with a~d ~bids by this covenant, w any part hereof, said MORTGAGfE may place and pay fo? such iniurante w•ny part thereof without waivinp a affettinp ar~y option, lien, eq~ity, w rigM under a by virtue of this M«tpsge, ~nd the fu11 smount of each and every s~ch payment shall be immediately dus a~d payable and shall baar interest from ths dats tF?ereoi uo~il paid at the rate o1 nine per ceNUm per annum a~d logether with such interest shalt be iecu~cd by tM lien of this mortgage. • 1. To p~vmit, tommit or suffer no waste, impairrtxnt or detaioration of said p?ope+ty p any pu1 thereof. 5. To pey ell and sinyvlar the costs, cha~ges and expenses ;ncludinp a reasonable attaney i fee snd costs of abs~racts of title, incvrred or paid at ~ any time by said MORTGAGEE, because or i~ the event of the failure on ~he paA of tM ssid MORTGAGOR to duly, promptly s~d fully perform, dixharge, executs, effect, tomplete, comply with and ab;de by each snd every tke stipulations, agreements, conditior?s, end covenanri of seid promiswry note and thii mwigage aMr o? ei~her, and said costs, charges and expe~aes, e~c.h and every, shall be immcdiately d~e and payable; whether w not there be ootice de mand, attempl ro cdlett w suit pending; and the hrll unouM of Nth and every s~ch payment shall besr interest from ths date thereof unti! paid et the rare bf nine per cenwm per annum; and all said tosts„ chargcs and expenses iotwred or paid, together with such in?erest, shall be secured by the lien of this mortpsge• . 6. That (a) in the evenl of any breach of thia Mortgaye w default on the part of the MORTGAGOR, a(b) in the event ~ny of sa7d sums of money herein referred to be ~ot promptly and f~lly psid wi~hln thirty (30) days nex~ after the same severally become due and p+yable, wilhout demand or notite, or (c) in the event eath a~d every the stipulaiions, agreements, tondit~ons and covensnta of sa:d promiuory :wte and th~s mortgage s~y or either are no1 ~uly. promptly and fully perfQrmed, discharged, executed, eHected. completed. complied with a~d abided by. lhen in e~ther w any tvch eveM the said ag~ gregats sum mentioned in said promissory note Ihen r~?aining unpaid, with iMeresl stcru~d, and ati moneys secured hereby, shall betome due and pay- able forthwitA, or thereafter, at the option of said MORTGAGEE, as fully and completely as ii all of thc said sums of money _ were originally st~putated to be pa~ef on such day, anything en sa;d p~omiuory note or in this Mwtgage ~o the contrary notwithstanding; and thereupon or thcreafter at the option of sa~d MORTCaAGEE, without notice or dema~d, suit at law w in eqvity, therefore w thereafter begun, may be prosecuted as if alI moneys secured hereby had matured pnOt fo its institution. - 7. That in the event that at the beqinni~g of a at any fime pending any svit upon this Mortgage, or to foreclose it, a to reform it, or to enforce payment of any claims hereuoder, said MORTGAGEE shall ~pply to Ihe Court having jurisdiction thereof fui the appointment of a Raeiver, s~ch Gourt al?all forthwith appoint a receiver of uid mwtgaged property atl and singuta~, includ~ng alt and singula~ the 7ncome, p+o~its, issues and revenues from whatever source derived, each snd every of which, it being expressly understood, is hcreby mortgaged'as if speseifitally ut fwth ~nd dewibed in the granting and habendum clauus hereof, and such Receiver sha~l have all the broad and efiective funct~ons and powen in ~nywise 'entrusted by ~ Court ro a Rece+ver, and suci~ appointment shall be made by such Court as an admitted equity and a matter of absolute r'ig6t ro said MORTGAGEE, ~nd without reference to 1he adequacy or inadequacy of the value of the properry mwtgaged or to the wlvency w insolveruy of uid MORiGAGOR a the defendants, and that such renrs, profits, incwne, iuues and revenues shall be apptied by such Receiver according to.the lien a eqvity o1 said MORTGAGEE and the practice of such Coutt. 8. To duly, promptly and fu11y pe~form, dixharge, exccute, effect, complete, comply with and abide by eac'. and every ths stipvlations, agreemenls, conditions and covenants in sald promissory note a~d this mwtgsge xt fath. 9. That in the event the ownership of the mortgaged premises, or any pan thereof, betomq vested in a person other than the MORTGAGOR, the MORTGAGEE, its successors snd ~uigns, may, without notice to the MORTGAOR, deal with such successor w successor in interest with ~eference to this mortgage and tF+e debt hereby secured in the same manner as with Mongagor without in any way vitiatit?g pr discharging the Mortgagors' liabelity hero- under or vpw~ the debt hercby secwed. No sale of the premises hereby mo~tgaged and no forbearance on the part of tF?e MORTGAGEE w its successors or assigns and no extension of the time fw the payment of the debt hereby securtd given by the MORTGAGEE or its sutcessors or auigns, shall operate to releaae, d~uharge, modify change w affect the original liabil~ty of t?rc MORIGAGOR herein, eitFxs in whole or in part. 10_ It is specificaNy agreed thst time is of the essence of this contract and tF~at no w~iver of any obligatio~ hereunder w of the obl'gstion sr cured hereby shall at any time thereafter be held to be a waiver of the terms hereof a of the imtrument secured heiby. 11. In additio~ to the (orego:ng monlhly payments of princ'pal and interest required by the promiuory note secured i~ereby, mortgagor covenants and agreei to pay to mortgagee with each monthly payrrient an addirional sum est~maled by mortgagee to be equa! to 1/12 of the annual cost of the follow- ing: A-All real property tazes levied or assessed agai~it the above described real estate. B-Premiums on fire and windstorm insurance as herein requ~red to be carried on the improvements sit~ate on the above desaibed premises. C-Premiums on such mortgage guaranfy insurarce as mortgagee sha11 from t;me to time deem fit to tarry on the loan secured hereby. Mortgagee shall from time to time notify mortgagor i~ writing of the amount due and payable hereunder and such sum shall thereupo~ be due and payable on the due date of the next monthly payment and each successive month thereafter ur.til mwtgagee shall notify mortgagor of a change in such amount. Suth sum: shaN be apptied by mortgagee toward the paymenl of real property taxes, insurante prem:ums, and mortgage guaranty ins~rance premiums. IN WITNESS WHEREOf, the wid MORTGAGOR has hereunto set his hand and seal t{x day and year first aforesaid. Y Signed. Sealed and eliver in fhe presenct of: ~ `~~~E~? aQ a~ /Sesq ~Scaq ~ . 57ATE Of FIORIDA ! I couNnr oF . Luc i~ ~ u- ~k Befwe me personally appeared Stanlev R. Caldwell ,,,d T r- II a 7 dw 7 l his wife, to me well known and known to me to be ~ j the individuals described in and who executed the foregoi ~nstrument and atknowtedged before me that they executed the same fw the purposes t ~ rherein ex~.~d. a,a ~r,~ said L-• Irene ~Laldwe~I F wife of the wid Stanlev R. Caldwell upon a separate and private ` examination by me taken separate and apart from her said husband, adcnowledged to and before ma tF?af she executed said instrument freely and volun- I rarily a~d without any compulsion, constraint, appreF~ension~ fear of or from her said hvsband. i WITNESS my hand and offic;al Kal this l~f dsy ~ A. D. 19~_ ~~~Ep pwp RECOROEO Notary P~blic in snd w tlx tate of fbrids at lsrfle ~ ST. LGCIE G~UHjY FLA. ~ My Commiuiaf exp es: } Return To: Ra~E'r, ?Q~TRAS , Fint federal Savings 3 loan Assoc~at~on ~~EaK C~Ctt~i COURT , ' Of Fort P~erce. P.FC(s~+~ Vf ~`~~~E~ ° i ~ hQT4R~ PUBIlC. STAiE ot fLORIDA ~,1AR~.~~~ e.. ' Fort Pierce, ~lorida ! ~ MA~ ZZ 10 23 AN ? Mr C7:rtM~bSlGN ErPIRES fAN~ri'1~':'~~ i eunurd By Nrr~:~can i3a;;kEtt~I s~ t jr~ '~;.''~•Jb % ~ I` I.~ : ~ ~ ~ • € ~J ' ~ _ =''~L~ : ~r' : i O ' . ~ l~ ~ " ! This Instrument Prepared 8y Richard K. Kayes ~1 ~ _ • F._. E First Federal Savings 8 loan Association ` Y~~` ' of Fort Pierce, Flo r ida ! ~ ; ~ ~ ~ _ ; f ~ ~ ; Checked By ~ • 'c~ . , , S-• ~ ; . . 600K~1~ PACE~220 _ t _ - - - _ - - - ~ . - - , . _ ~ ~