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Home My WebLink About2178 3. To pl~c~ and contim~o~sly ke~p on tM buitd'u+ps raw a h~reaftK utuat~ on sa~d t~nd u+d on ~II equipm~~t ~nd pNSOn+lly cowred by thi~ morro- p~, with ~II pr~miwns thaeon pa~d i~ full, ti~e iruuranc~ in tM u~wl tu~dard policy fo~en, in • wm +pprowd by tFN MORiGAGEE. and windttwm iruwanc~ M tM vswl ata~dard pol~cy fam, in a sum ~pprov~d br tM MORTGAGEE, in wch ca+~p+~Y or con?P+~~as +s ~M MORTGAGEE n+ay ` dk~ct~ ~nd ail fin ud wi~+dstorm inwraoc~ policiss on ~ny of wid buildinps u+y toM.tit tl»r~in w pan tM~wf, in tM +p~re9aq ~um afo«taid or i c I~ sxons ~her~of, shail oontain tl+~ wwl standard mor~p+pH claua a such othK claw~ u tM Matpape~ m+y rpv~r~. m~kinp the lou u~ u~d Pcli~ . ci~s, Nch aod ~vHy. p+Yabi~ w s+id MORTGAGEE as iti in~erqt may ~pp~ar, snd ~sch and ~very swcA policy ~hall b~ pranptly au:pn~d and delive~ed ~o any h~W by s+id MORTGAGEE as further secvriry to said maty+y~ debt. and, rwt I~ss than ta? (10) d+ys in adv+nc~ of ~h~ expl~ation of each polky, to dr ~ IivN ro said MORTGAGEE • rMtwal theteof, topetF~ with ~ rsteipt for tM premiwn of wth ren~w~lj a~d IMn sMll b~ ~o fire w winditam Iniuru?t~ pt~d on any of t~id bvild'ug~, ~ny interest tl+er~in w p+rt tF+Keof, unku 1n tFr fwm ~nd wi~h tM bu pay+bl~ as afw~saidj and ie tM ~vent ~ny win of mon~y becorMa p+yabte und~r wch polky w pol~ciss s+id MORTGAGEE shall haw tM opfion to ~aceiv~ and appty ths sam~ on ~cca+M of ths indebted- nsss iecvred Mreby w ro permit said MORiGAGORS ro reuiw and vs~ it a any pu~ 1F~er~of for o~ho~ purposes. w~~hout ~hKeb~ wai~~ny or unpair- Iny any puity, lian w ri9ht vnder w by virtus of this mortyapet +~+d in ti» event sa7d MORTGAGORS ~MII fa ~ny resson fait w keep tht s+id pr~mnes so insured, a fall ro deliwr promplly any of said polities of inwr~~ce to aid MORTGAGEE, w.fail promptly to pay fully a~y p~smivm therefw or in sny retpect fall to pt~fwm, discharge, ezecut~, efiett, somplat~, tomply with and abid~ by this coven~M, a ~ny part hereof, ssid MORTGAGEE may placs +nd paY fw such lnwrant~ w ~ny part thereof without w~ivinp or affacNn~ ~ey option, II~n, ~q~ity. or rp6t unda or by vi~tw of this Mwtpap~. and the full ~ma?nt of each and ew~y such p+ymeM ih+ll be immadiately dw and payabb ~~d shall bear immest from th~ dats therwf w+til p+id at tM rat~ ol ~ nine per tentum par u?num and Iogether with s~?ch interest shall be secured by ths lien of this rnwt9aq~. - 1. To pKmit, oommlt or suffer ~ wuts, imp+irment or deteria+tion of iaid proparry w anY Wrt thereof. ~ ~ 5. To pay sll ~nd ~inpulu tFw cosb, ch+rges u+d expense~. i~cludiny s reasonabls ~ttwney's fes and wsts of sbstracts of titk, incurred o~ pa~d , eny time by said MORTGAGEE, beause w in the went of th~ f~ilure on the pu1 of the s+td MORTGAGOR w du~Y. P~~P~~Y ~~~~Y P~forrq, distharyR execute. effec?, complete. comply with and ab7de by esd? snd every the stipulationa, syreemenri, condiiam, ~nd cove~ann of s~id promissory nots +nd thi~ mortyags any w either. and ~a~d tosta, chargei and exper?ses, each and wery. sMll be Mnmediately dw and paysble: whether or rwt the*~ bt ~otrce de mand, ~ttempt to colkct or tuit pending; ~nd the full amount of tach u~d everY wch payment shall bea? interost from ths date the~eof until paid at ft~e ~ rate of nine per tcntum per snnum; and all said cwts, tharges ard expenses ioturred w paid, together with suth interest, shall bs sstured by th~ lien of thiu ± mwty+9e• . 6. That (a) in the event of any bresch of this Mortgaye w defwlt on ths pan of ths MORTGAGOR, w(b) ~n the event any of said s~ms of money herein referred ro be not prompNy and fully paid wifhin thirty (30) days next after the same severally become due and payable, witho~t demand w notite, or in the eveM each and every the itipulations, ~greamenn, conditions and coven~nts of sa~d promiuory note and this matpape ~ny or either are no1 iuly, promptly and fully performed. dlscMrged. executed, eifected. completed. compfied with a~d abided by, then in ather or ar+y such evem the said ~ yregstt sum mentioned in wid promissory note fhe~ rem~ining unpaid, with iNCrest acuued, and al! moneys setu~ed heteby, sMll bKO~ne dw and pay- able fathwith, a thereafier, at the option of said MORTGAGEE, as fulty and compktely as if all of ~he said sums of money were originally st~pulated ro be paid o~ such day, anything in said promiuory note or in this Mortgage to Ihe co+itrary notwithstandeng; snd the~eupo~ w thereafter at the op~iwr of said MORTGAGEE, without notice or dema~d, wit at law or in equity, therefwe w thereafter begun, m~y be prosetuted as if ~II monsys secur~d hareby had matured priw t0 its institution. . 7. That io tFa event that at the begin~ing of or at any time pe~ng any s~it upon lhis Mortgage, or to fweclose it, a to reform i~, w to enfwcs payment of sny claims hc?eunder, said JNORTGAGEE shall apply to the Court having jurisdid'qn thereof for the +ppointment of ~ Receive?, suth Court shall Forthwith appoiM s receiver of said mortgaged property all and sinpular, includ~~g all and singular the income, profits, issues ~nd revenvea from whatever source derived, each ~nd every of which, it being expreasly u~derstood, is htreby mortgaged ss if spetifiwlly set forth and deuribed in the granting and habe~dum clauscs hereof, snd such Receiver shall have a0 the boad and effective_ furxtions and povrers in anywiu entrusted by a Court to a Receiver, and such sppointment shatl be m~de by wch Gourt as sn~admitted equiy snd a matter of ebsolute right to said MORIGAGEE, and without re(erence to the adeqvacy or inadequacy of the wlue of the property mortgaged w to the soivency or insolv~ncy of said MORTGAGOR o~ the defendann, and that such rents, profib, income, issues and reve~ues sh+ll be spplied by svch Receiver accwding to the lien or equity of ssid MORTGAGEE a~d the practice of such Cou?t. - 8. To duly, promptly and fvlly perfwm, discharge, execvte, effect, complete, comply with and abide by each and every the slipulatia~s, sgreements, conditans and coven~nts in said promiuory ~ote and this mottgsge set forth. , 9. That in the event the ownership of the mortgaged pr~miies, or any part tircreof, becomes vested in • perso~ other than the 1NORTGAGOR, tM MORTGAGEE, itf successors and au~ro, may, without notice to the MORTGAOR, d~al with such iucccssor a succeuor in interest wi~h ~eference to ti~is mortgage and the debt hereby secured in the same msnner ss with Nbrtgagw without in any way vitiating w discharging the Mortys9ors' lisbility hera r under w upon the debt hereby secu.ed. No wle of the premixs hereby mwtgsged +nd no forbesrance on the part of the MORTGAGEE a its svaeuws w auigns snd no extensan of the time fw the paymeM of fhe debt hereby secured giver? by the MORTGAGEE or its svcceswrs or sssigns, shall operate to release, dischar~e, modify change w affect the orginal liabilit~r of the MORTGAGOR here~n, either in whole or in put. 10. It is specifically agreed that time is of the essence of this contract and that no waive? of ~ny oblgaYwn here~nde~ w of the obliyation sr cured htreby shall at any time thereafter he held to be a waiver of the terms hereof ~ot of.the instruraeM secured herby. 11. In addition to the forego:ng monthfy payments of princ'pa) and interest required by the p~om~ssory no?e secured hereby, rtwttgsgor mvenants and agrees to pay to mortgagee with each monthly payrnent an addirional sum estimated by mwtgagee to be equal to 1/12 of the annual coat of the fol;aw- ~ ing: ' . A-All resl property taxa levied w assessed against the above desc~ibed real estate. B-Premiums on fire and windstorm insurance as herein requ:red ro be carried on the improveme~ts situate on ihe above described premixs. C-Premiums on such morigage guaranty insurance as mortgagee shall from t;me to time deem fit to carry on the, loan secured hereby. ' Mortgagee shall from time to time notify mortgagor in writir~g of the amount due and paysble hereunder and such wm shall thereupon be d~?e and ~ payable on the due date of the next monthly payment and each s~ccessive month thereafter uNil mortgagee shall notify mortgagor of a change in such ~ ~ amount. Such sums shall be applied by mortgagee tcward the payment of real property taxes, insurance prem:ums, and mortgage guaranty iruurance ; ~ premiums. . ' ~ ~ IN WITNESS WHEREOF, the said MORTGAGOR has hereunto set his hand and seal the day jrear ~nt af ? Signed. Sealed and deliv red in fhe presence of: i e ~ ~ o PQOni ~ ' • ~ ~ ~ ~ anche Peoni q STATE OF FLORIDA 1 ~ COUNTY OF $t • L11Cle j ~ Before me penonally appeared JOSeL~ PeOn~ and . Blane.he Peoni his wife, to me well known and knawn to me to be the individusls described in and who executed the fwegoing instrument, and aclcnowledged before me that they executed the same for ihe purposes rherein expressed. And the sa~~ B anehe P~ni w~fe of the said Josgph PQOni _ ~P«+ s separ! ~l4d P~ examinatwn by me taken sepsrste and spart from her said fiusband, edcnowtedged to and before me that the executed said instrume~t,fuO~yi's11~.~volutb~•_ raril and without sn com Isan, constraint, a e or fear of w from her said Fwsband. ' Y Y P~ PPr ~ _ '19~.~+,._..• WITNESS my hand and official sesl thi da of ` ~-.4• ~ ~ . Notary Public in s for t Stste o` lofida tt,tarps j~ My Commiasion expires: ~ PU G ST~d ~OR~~ ~t ~ Return To: Fint Federal Ssvings 8 loa~ /4sociaYwn ~ MY COIi1qIT/IION ~%RE3' D~ 2O. 915 (lf fnft Pis~rre_ . I~_'Zy" 7, 800d~d T~~11l~ IOt~1af~Cj~111d~fYMf~tN~ Port Pierce. Flwida - j`, _ Tr~ v`~ 3 • % t ; FILEO AM9 iiECORDEO 'lM,,,,,~.~'~ ~ ST.lUC1E COtiMTY FIA. ~ This Instrument Prepared By John W. Collins IlOCER POtTRAS ; First Federal Savings 8 Loan Association CLERK CI~.CUIT COURT of Fort Pierce~ Flosida RECORB YER~~tEO Checked By~ M~ur 3t 9 Zs AH'73 BOOK214 PACf~~'7"j 255598 ~ _~t _ . ~ = ~ - _ ,..=4 ~ _ ~