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Home My WebLink About2836 3. To plac~ u~d con~bwously kt~p on tlu bui!d;nps now or hereafts. sit~n~ on ia~d I~nd and on ail equipme~t and p~rso~alty cove~ed. by thi~ mor~q~ p~, with all pr~miunq therwn pa~d in f~ll. li~! insurance in tM ~~wl s~~nda~d policy fora~, in ~ ium_ ~pprov~d by the MORiGAGEE, ar~d windstam ~ inwr~nu In IM uwal ~t~ndard po!~cy fam, in • ium approv~d by tht lNORTG1tGEE, in wch company a canpu~ies u th~ MORTGAGEE may ~ d7+~ctJ w+d aU fk~ and windirorm inwr~na PQIICH~ on a~y of laid buiWinps, My inN~ssl 1htr~in ot pa~t thtreof, i~ tM py~eya~~ avm ~fo~tsaid o~ In ~xass tha~of. ~iwll cont~in ~M uswl ~tandxd mor~~yN ctws~ o~ such o~hK claus~ a 1M Ma~9aqa~ may requ~r~. m~kirq tl+~ lou unde+ sa+d po14 • ci~s, each and ~wry. paYabl~ to said MORIGAGEE as iri inqrast may apptar, u?d each and ~wry svch policy sha11 be promp~ly ~is.9ned and detiv~red eo ~ny Mld by ~aid MORiGAGEE as fu~ther secvrity to uid mon~a~ deb~, ~~d, not I~ss than len (101 days advance oi the ~xpiraNon o( each poficy, to d~- liva b ~aid MORTGAGEE a r~nswal ther~of. fop~~hK with ~ rsuipt for 1ht pr~mivm of tuch rtnewal; ~nd ther~ shall bs no iire or yrindstorm insurant~ pl~pd an ~ny of said buitdin~s, any interest tMr~in a p+r1 tF~wt. vnless in tF~e form ~nd with tM loss payabk as afwes~id: ~+d M tl+~ ev~nt any sum of mawy bscwn~s payabl~ unda such pol'~cy a polkits s~id MORIGAGEE shall h~w tla opta~ ro receive ~nd sppty the same on accovnt of ths indebted- n~ts ttcured I~eby pr to permit said MpR1GAGOftS to reteiw u+d us~ if p•ny put thereof tw other pu~poses, wiihout thereb~ waiving or unpair- I iny any ~qvity, li~n a right vnder a by vi~tw of Ihis mortp~yei ~nd in tFa ~vent said MORTGAGORS shall (or any reason fail to ke~p tM said premises w Iniwed, w fail q delivsr promptty any of said policies of iru~rance to said MORTGAGEE, a fail promptly to pay fully ~ny premium therefw a i~ any ~ ~ rsspKt fail b perfon~, diuhargs, execute, ~ffec/, complete, compty with and ~bid~ by thK covenant, p any pan Aereof, said MORTGAGEE may pl~ce and pay fw such Gawar~ or u+y part thereof witho~t w+ivinp or ~ffacrinp ~ny option, (i~n, eqvity, w right under or by virtw of this Mor~gape, ~nd the fuN amovnt of each and ev~ry such payment ihall be invnediately dw and pay~ble ~nd sl~all bear intcrest from the data thcreof umil paid at 1M rate ol r'~ nins per tentvm pa anrwm ~nd togetF?er with such interest shall bs setured by ths liee~ of this matgaye. s To pHmit, aommit w suffe~ no waste, impairment or deteriwation of said property or ~ny put thereof. . ` S. To pay ~II s~d sirgular the cwts, thupes and expcnses, inctuding s ~esson~ble attomey's fes and coats oi abstracts of t~tle, incvrred w paid at eny tims by s~id MORTGAGEE, because or in tM event of the failu~e on tM part of ths said MORTGAGOR to duly, promptly and fully perform, d~xharyR eYecvts, effeN; comple~s, comply with and ablde by e~ch and every the stipulatiau, agreements, conditioru, and covenanu o( said promisswy note and thu n10~19aQO afly O/ NIAlI, and sa~d costs, charye~ and expensea, exh end every, ih~ll bs immediately dus and payable; whether w not there be notfce de~ m+nd. ~nempf fo colled or wit pendingj and 1he full ~nount of ~ach and every s~ch payment sAall bear interest from tAe data thereof ~ntii paid a1 ~he rate of nine per centum per aruwm; and all said costs, chuget and expe~ses incurred or paid, togethe? with such interesl, shall be secured by the lien of thii 'natQ~. Q Th~t (a) in the event of ~ny breach of this Mwt9sge or default on ths part of the MORTGAGOR, or (b) in the event any of said sums of money herein roferred to be no1 promptly snd fully paid within thirty (30} days next af~a the same severalfy become due and payabte. without demsnd a notite, or (c) !n ths event each ~nd every the slipulations, ~greements, conditio~a and covenanh of sa[d promiuory note and thls mortyape any w either are nol ~uly, promptly and fully perfwmed, discharged, ezecuted, effected, completed, compl'~ed with s~d abided by, then in either w any svch event the said aQ gregate wm mentioned in said promissory note then remaining unpaid, wit}? intcrest acuued, and all moneys secured hereby, ihall become due and pay- able forthwith, or thereafter, at 1l+e option of taid MORTGAGEE, as fully and canpletely ss if all of the said sums of money were aigin~lly stiputated to be paid on such day, anything in said promiuory note w in this Ntortgage ro the contrary notwithstanding; and ~hereupon d thereafter st the option of said MORTGAGEE, wi~hout notke or demand, wit at law or in eqvity, therefwe or thereaher begun, may be prosecuted as if all moneys tecured hcreby had matured ~~w to in instit~tion. 7. Th~t in the event that at the beginnsng of w ~t ~ny time pending ~ny suit upon this Mwtgsge, or ro fweclose it, or to seform it, or to enforcs payment of any claims 1~ereunder, iaid MORTGAGEE shall apply to the Court having jurisdiction thereof (or the appointment of a Reteiver, svch Court shsll fwthwith appoint a receiver of said mwtgaged property all and sirgular, includ~ng all and singvlar the income, profits, iuues snd revenves irom whatever source derived, each ~nd every of which, it bein~ exp?csaly unden?ood, is he?eby mortgaged as if spetiiically set iwth and dexribed ie the granting end habendum clavses hereoi, ~nd such Receiver shall have all the broad a+~d effective funcnons and powers in anywise entrusted by a Court to a Receiver, and ~ucfi appantment shall be made by such Court as an admitted equity and a matter of absolute right to said MORIGAGFE, and without reterence to the adequscy or inadeqwq of the value of the property mortgaged or to the iolvency w insotve~cy of xaid MORTGAGOR a the defendants, and that svch rents, proFin, income, iuues and revenues shall be spplied by such Receiver according to tix tien or equity of said MORTGAGEE and fhe practice of such CouA. 8. To duly, promp)ly and fully perfwm, diuharge, execute, effed, mmpkte, comply with and abide by esch and every the stipulations, agreemenn, ca?ditain snd covenants in said promisswy note and this mortgage set fath. 9. Th+t in the event the owr?enhip of the rtwrtgaged prcmises, or•any part thereof, beoanes vested in a person other than the MORTGAGOR, tF~s MORTGAGEE, ils wccessors a~d ass+gns, may, wifhout notitp fo ihe MORTGAOR, deal with such succeua w succeasw in interest with reference to thw mortgage aod the dcbt hereby setured in the same mannc~ as with Mortgsgor without in any way vitiatiog or disthuging the Mortgagori lisbility here- under a upon the debt hereby secuied, fYo sate of the premises i~ereby mortgaged and no fwbea~ance on 1he pen of tM MORTGAGEE a itt successws or assigiu and rw ex~ens"wn of the time for the paymenl oi the debt hereby secvred given by the MORTGAGEE or its iuccessors or aui9ns, sMll operat~ ' ~o release, d~scMrye. modify change or affect the original liability of the MORTGAGOR herein, eithet in whole a~in part. 10. It is specifically aqreed that time ia of the esxnce of this contract and that no wsiver of arty obligation he?eunde~ a of tM obllgstion se- cured hereby shall at any time thereafter be held to be ~ waiver of the terma hereof or of the inatrumeM setured herby. 11. In add~tia~ to the forego:ng monthly payments of princ'pal and inte~e:t required by the promissory note secured hereby, mortgagor covenants and agrees to pay to mortgagee with each monthty payment an addi~ional sum estimated by matgagee fo be equal to 1 j12 of the an~ual cost of the fo!!ow- ' ~ng: A-All real property taxes levied or assessed against the above described real estate. B-Premiums on fire and windstorm inswante as herein requ~red to be carried on the improvements situate on the above described premises. C-Premiums on suth mortgage guara~ty insurance az mortgagee shall from t~me to time deem fit to carry on the loan secured hereby. Morfgsgee sfiatl from timt ro time rtotify mwtga~or in w~iting di the amount due and payable hereunder snd such sum shall thereupon be due and Fayable on the due date of the next moMhly payment and each successive month thereafter urtil mortgagee shall notify mortgagor of a change in such amount. Such sums shall be applied by mortgagee toward tF~e payment of real property taxes, insurance prem:ums, and mwtgage guarenty insurance premiums. - IN WITNESS WHEREOF, the said MORTGAGOR has hereunto set his hand and seal the day ar?d year first aforesaid. Sgned, Seakd a elivered in the preunce of: (SeiO L lA B=~SOA ~~~h s~.n Iris B aason STATE OF FLORI~A ~ I' COUNTY OF - St. L1~Cle ~ ~ Before me persooslly sppeared ~=t ~ BZ~SOII a~ Izis BZ3aSOD his w~fe, to me welf known and known to mt to be ~ the individuals descr+bed in and who exet~ted the twegang instrument, and acknowledged before me that they executed the same fw the purposes I rherein expresfed. AnJ tlx sa~d I=ls B=~SDII - ; w~fe of the said - M~Zt1tI Br~S011 upon • separate and priwte ~ examination by me taken separate and apart from her said husband, adcnp,nledged to and befwe me tfwt she execvted said irqtrument ireely and votvo- rarily and wrthovt any compulsion, consNaint, apprehension, w fesr of w from her said husband. I WI1NE55 my hand and officia{ seal thi¦ a8~ day of A. D. 19~ ~ Notary Publ'K and for The State of F{orid~ at larpe ~ Rerom 70: MY ~ ~~C STATE OF FLORIDA AT U1RGE F~nt Fedenl Savirys a loan Assoc~at'an M COMM{SSION EXPIRE~ ;;4pT.16 1975 Of Fort v~e~ce. .~RAL INSURANCE UNdERY/R11~ERS~ INC?~ Fort Pierce, Florida • " t :t ~~y i a ; fIIED Rti;; AL;,a~OED ' . ~ . { SL RO~:~ COUMTY fLA. ; ~ U ' ' : ~'P,~S l ' C~ ' ~ . ; This Instrument Prepared By Richard K. Kayes CCfR~t ~;~.,u~~ ;,oURT ~ - ; First•Federal Savings d~ loan Association Rf!'~f"1 Y=~ =~E~ ; ' ~ ; _ : f . ' r i of Fort Pierce , R1oZida ~ ` ~ 3 56 PM ' j ~ 1, y L, ~v~" ' • ' ; # ~ . r,,., , E ehecked By 256059 ~ ' J . . . . ~ C R ' . ~ , e~oK214 pncc2833 ~ E ~ ~ , ;F~ ~ ~ ~ _ _ - - - - - - - - _ ~ ~