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Home My WebLink About2617 ~ To p~ac~ •nd cwu~nuously keep on tM bu~~d~npi now a hs~eaft~r ~~ru~N on said land ~nd on all eqv~pment and paw~+ally cove~ed by this mat~ p~, wilh ~II p~emivms tMreon pa~d in i~ll, iire insuranc~ in tM usual ttardud polity (am, in • sum app~oved by the MORfGAGEE, •r+d windstwm insuranc~ In th~ viual ti?andard pol~cy fam, i~ • ~um approv~d by tM MORTGAGEE, in such company o~ comp+nies u tM MORTGAGEE may dindt ar?d all ~Ir~ ~nd winduorm iniu~anu policia on a~y of taid build~nps. ~ny inte~a~ tMrei~ w part thereof, i~ ~M pgre9~q sum afaesaid w in ~xc~a Ihertof, ~MII contaio tFN usual sla~dard mor~papN ci~us~ a iuch ot!?K CI~Yi1 N ih0 MWt~i9N may reqv~n. ma?iny the lou under s~~d poli~ ci~~. ~ach and ~vKy, payabl~ ro s~id MORTGAGEE +i it~ intere~t may appesr, snd each ~nd •very s~ch policy ~hsll b~ promptly ~ss.~ned and delivered ~o •ny Mld by uid MORTGAGEE ~s fur~her ucuriry ~o i+id ma~g+ye debt, and, no~ I~u than ten (10) d+Yt in advance of tM exp'uaYan of e~ch policy, ~o d~- IivN to s~id MORTGAGEE a rtnewsl tlKreoF, topetMr with a nteipl fa tM pnmium of suth rsnewal; and there ~hall b~ no f~re or windtto~m insurant~ plu~d on ~~y of said bulldinps. any interest fhK~in or pu1 therwf. unless In tM form u+d with tM loss paYabte u•fwes~id; u+d in tM went any wm ; of money becom~s payable vnder such policy o~ policies uid MORTGAGEE shall Mw ~Fw opt~on to receive and apply tM same on +ccovnt of the indebted~ ! nes~ setw~d he~sby w ro permit said MORTGAGORS to ~Keive ~nd uss it w any pa~t thereof fw othcr pwposes, witho~t thr~eb/ waiving or m~pair• ' i! inp ~ny puity, lian w ripht under w by virt~e of thii motsy~gr, ar+d in th~ ~ven1 said MORTGAGORS shall fa ~ny reason fail to keep 1he said p?emises w~• ir?iured, a fail ro deliver promp?ly a~y of taid policies of ir?suranc~ to ~aid MORTGAGEE, w iail promplly to p+y f~lly any p~emium therefor a in any , retp~ct lail b pe~fam, distharg~, execute, effecl, complete, comply wiih and abids by this covenant, w any part hereof, said MORTGACaEE m~y plate and ~ paY fo~ such insuraixs or ~ny pan thaeof without w~ivinp a affectirg any option. li~n, puity, w riyhl unde? o~ by virtw of this Ma/gape, and the full ~mo~?nt of each and every such p~yrtwnt shall be immediately dw ~nd psyab~e ~nd sMll bea. int~rest from ths dat~ Ihereof uroil paid at ~hs rate oi niM per ca?tum per aneum ind togethtr with such iNerest shall be secured by the lien o1 this mort9sge. 1. To permit, tommit or suffer no waste, imp+irment w deterioration of said property or any p~rt thereof. 5. To pay all a~+d sinpula the cwts, charges and expensei, includinp s reasonable attwney i fee and costs of abstractt of title, incuned w pa~d at ~ sny time by said MORTGAGEE, because or in the event of the failure on ~he psrt of tF+e i~id MORTGAGOR to duly, promptly and fully perfwm, dixharg~. executs, effed, complets, canpty with and abide by each and every the uipulstions, agreemenn, conditio~+s. and rnvenants of uid p~aniisory note and this ~ mortyspe eny ot either, and said costs, cMrges and expenies, each and wery, iMll be immedi~tely due and payable; whe~he~ w not there be notice da mat?d, stttmpt to tolktl ot suit pend~ngj ~nd the full amovM of each and wery suth payment shall bear interes~ from the date thereof until paid ~I tht F rate of nine per centum per arnium; and aM said costs, charges and expenus incurred or paid, together with tuch interest, shall be secured by the lien of this morty~s. • 6. That (a) in tM evenl of any Meach of this Mortgaga w default on the pa.t of the MORTGAGOR, a(b) in the event any o( said sums of mo~?ey hereln refe~red to b~ not promptly and fully paid within th~rty (3W days next afte~ Ihe same severaily become due ~~d paYable. wi~hout demand w notice. or in tha event each and e~ery the tt~pulations, agreements, conditions and covenants of sa~d promisaory rate and th~s mortgaye a~y a eilher are not iuly, promptly ~nd fu11y perfwmed, discharged, executed, effected, compteted, <omplied with and abided by, then in ei+her ot any iuch event tM iaid ag gregate wm mentioned in taid promisswy ~ote then ~emaini~g unpaid, with iNerest accrued, and aIl moneys secured hereby, thall betome due and pay- able forthwith, OI fF~QfNffN, at the option of said MORTGAGEE, as fully and completely as if all of the said sums of mo~ey were aginally tNpuleted to be paid an such day, anything in sa;d promisswy note or in this Mortgage to the contrary notwithstanding; and thereupon or thcreafter s~ the op~~on of said MORTGAGEE, without notice or demand, suit at law p in equity, therefwe or tFKreafter begun, may be prosctuted as if all moneys settrred hereby had rr~stured pnw to its institutan. 7. ihal in ths evenf that at the beginning of w at any time pending any suit upon this Matgage, or fo ~weclose it, w to reform it, o~ to enforce paymenf of sny claims Furcunder, said MORTGAGEE shall apply to the Cou.t having jurisd~ction ~hereof fa the appqintment of a Receiva, such Court shall forthwith ~ppoint a receiver of said mwtgaged property all and singvla~, includmg all and singular the income, pro(its, issues snd revenues irom whatever source derived, eath and every of which, it beinp expressly u~rslood, is hereby mortgsged as if specifically ut forth and d~wibed in tF?e graming and habe~dum clauses hereof, ~nd tuch Receiver shall have all the ixoad and effec~ive f~ncnons and powers in anywise entrusted by a Court to a Receiver, snd such appointment shatl be made by such Courf as an admitted equity and a matter of absolv~e right to uid MORTGAGEE, and without reference to the adequacy a insdeqwq of the v~lue of the prope?ty mwtg~ged o~ !o the soivency or insolvency of said MORTGAGOR or the defendants, and that such rems, profin, income, issues a~d revenues thall be applied by such Receiver according to the lien o~ equity of uid MORiGAGEE and the practice of such Co~rt. 8. To duly, pramptly and fully periwm, discha~ge, execute, effect, complete, comply with and abide by each ar?d every the stipulations, sgreements, condiYara a+~d tovenants in sa~d promissory note and this mortgage set fwth. 9. That in the event the ownership of the mortgaged prem~ses, or any part the~eof, becomes vested in a person other fhsn the MORTGAGOR, the MORTGAGEE, iri successors and assigns, may, withovt notice to the MORTGAOR, deal with such successw w successor in interest with referente to this mwtgage and the debt hereby secured in the same manner as with Mortgagor without in any way vitiating w dixharging lhe Mortgagors' liabiliry herr under or upon the debt Aereby secured. No sale of the Fremises he~eby mortgaged ~nd no forbearance o~ ~he part of tMe MORTGAGEE a its successon ; or auigns and no sxqnsion of the time fw the payment of the debt hereby secured'given by the MORTGAGEE or its sucaessors or auipns, .hall operate j io release, disch~rp~, modify change or affect the oripinal Iiability of the MORTGAGOR herein, either in whole or in put. . i 10. It is specufiwlly agreed that time is of the euence of this contract and that no waiver of any obligstion hereunder or of ths obl'~gaYan se- 3 cvred hereby sMll at any time thereaher be held to be a waiver of the terms hereof or of the inst~umeM secured herby. i 11. In add~tion to ~he fo~ego:ng monthfy payments of princ"pal arsd interest requ~red by the promissory note secured hereby, mortgagor covenanta and agrees to pay to mortgagee with each monthty payrnent an add~rional sum estimated by morlgagee to be equal to 1/12 of the annual cost of the follow- ' i ing: . - A-All real properry taxes levied or assessed against 1he above described real estale. B-Premiums on fire and windstorm insurar.ce as herei~ requ~red to be carried on the improvements s~tuate on the above desaibed premises. C-Premiums on such mortgage guaranty insurar.ce as mo~tgagee shall from time to time deem fit to carry on the losn secured hereby. ! JNortgagee shall from time to tirt,e notify mortgagor in writ~ng of the amount due and payabte he?eunder and wch wm shall thereupon be due and payable on the due date of the next monthty payment and each successive month thereaiter urtil mortgagee shall notify mortgagor of a change in suth amount. Such sums shall be applied by mortgagee toward the payment of real property taxes, insurance prem:ums, and mortgage guara~ty insurance premiums. ~ IN WITNESS WHEREOf, the said MOkTGAGOR has hereunto set his hand and seal the day and year first aforesaid. ~ ~ ~ Signed, Sealed snd delivered i the presence of: ~ ~ " ~i-L~i/ . i ~7'1 //U.C ~G an ~ ! O ` ~i~ (3ordan Mungak an ~ t Seaq • ~Sesq STATE Of FLORIDA ~ COUNTY OF ~C~ ~ Before me personally appeared +'+~~7~~ 8 3~T1~16 Shcllti~ and ~'i802'g9 B• ~~~1~ 8 8~.D[i;18 8titlltr~ ~pyMi~, to me well krawn and known to me to be the individusls described i~ and who ~xecuted the foregang instrument, and acknowledged before me that they executed the ume for the purposes therein ezpressed. 'rM1~~F~l~nlfd relh?~~ef ~tl~sald~~~ - ppplPa'slp~r~rttt~Md'plwnr e+~erwiwsriw+~i~y~rM~Niiw~~ws~s~wd~~psr~~hea~f+er~~ski~l~s~bend,-~eknewledye~ ~a?w~d~bettxl~n~~4wf~llrs~te~lttnAtl~knfrvi7lllR'h!llr~nd`+pleI1M~ ~ tar~Y-+~rill~a~!?.i~rwprMi~w~-e~wMr~iwy.~p~ew .o?~~~f~~rfwn? WITNESS my hand and official seal this day of a b. ~9'~~ } N ,111f/~~~~'' / ~ otsry Public in snd fw the State of FI~T~d~ ~jxy~•., ~ ~ My Commiu'wn expires: 4. ` ~ Return To: ` • ' 4 ~ ' _ • : ~ First Federal Savings 3 Loan /4ssociation ~ 1 .p • ` ~.1.• ~ Of fort P~erce. NDiARY PURCIC. STATE ot FIORIDA ~~1~ p , ~i ~Y?IREti JAN. 7:^ 1Ji =.:0 V • Fo?t Dierce, Florida ~ -`~~L - . :o L•.:..ecrs fnsutattCe v , , ~ 1"~~ •`sT~' 4 r' t\~_ . This Instrument Prepared By i~?. HZ'811t1 fILED tN~ RECORDED ~ First Federal Savings b loan Association ST. lUC1E COUMTY FLA. .of Fort Pierce F10T1d8 ROCE=. POtT~AS ~ CIERK Ct,:CU1T COUR~ RECORD V~~~-~~p Checked By ~ 25589'7 t J~t ~I 12 4z PH 73 r~ ~~4 raCE 26~~ BOur. ti 4~ « ky ~u~ - - _ _ ;