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Home My WebLink About0371 9. To place and continuously keep on the bu~td~ngs now or hereafter siruate on said land and on a!i equip+nenl ~nd personafly tovered by this mortg- sgs, wtth alt pemiums thereon ps;d in full, f~re insurance i~ the usual sfa~Klard polKy form, in a tum approved by the MORIGAGEE, and winds~onn ~nsurance in tM usual ira~dard pol~cy form, in a suln approved ~y the MORTGAGEE, in such comp~ny o~ companies as tha MORIGAGEE may difKlj and all fir~ and w~ndstorm insv~ancs polic~es a? any of said bu~ld~nqs, ~ny lnterest IF+e~ein a parl thercof, in the aggregatc sum aiwesaid w in exct~s thereof, shal~ cor+tain ths uiual ~~a~ulard morr9a~» dause a such other clause as tM Mortyagee may requ~r~, makirg the toss under ta~d potb c;e~, each and evcry, payable to said MORTGAGEE ~s il~ intertst may appear, and each and every ~vch policy shall be p~omptly a~~ gned and detivered ~o ~ny hetd by said MORiGAGEE as (urthe~ security to said mwrgags debt, and, not less ~ha~ ten (10) d+ys in advance of tha expiration ol each policy, to da I~v~? to said MORTGAGEE • renewal thereof, 1o~e~he~ witi~ a rece~pt fo~ the premium of tuch re~ewal; and thare shall De no f~re a+ winds~o~m ins~rance placsd on any oi sa+d buildings, any interest therein or part thercof, un!ess i~ tM form and with the lou p+yable as a{weseid; and in ~he event any sum of mo.roy becpmes payabte under such policy a policies said MQRTGAGEE shall have the optan ro receive anr! apply the same on atcount ot the indabred- ~eu secursd hereby a ro permit said MORiGAGORS ro teceivt and use it p any pat the~eof fw otner purposrs, v.~~ho~t th~r~b~ waivi,3 or ~n,pah- iny any ~quity, lien or right under w by virtue of this mo:tgage; and in the event taid MORTGAGORS ahall iw uny reason (ai) to keep Ihe said p?emis:s so inaured, p fail fo delive~ prpmplly sny of said poli~ies ot insurance to said MORTvAGEE, w fail promptly fo pay (v~ly any p~e~nium ~herefw or in a~y ~eapect fai! ro peslorm, discharge, execute, efixt, complste, comply with ~nd abide by this cove~ant, w any parf hereof, said MORTGAGEE msy plxe and pay fu ~uch irourance or any part thersof wirhout waiving a ~ffectirg ~ny option, lien, equiry, o? r~ght unde~ w by virtw of ihts Mo.~gaga, •nd the fu~l amount o/ each ~nd every such payment thall ba immediataly dve and pay~ble and shall bear interest f~om ths dase thereof umil paid at ~he ~a~e o1 n~ne per centum pe~ annu~n and to~ether with such interest shall tx se:ured by the lien of thii rtwrtgage. 1. To permit, tommit w wffer no wasfe, tmpairment or deteri;wation of said propNty w any part thereof. S. To pay all and sing~lar the cost~, charges and expenses, dr~cluding a reasonable sttwney i fee and costs of abstracts of titfe, incurred or paid af any time by said MORiGAGfE, because a in the event of tM la;iure on the part of the said MORTGAGOR to duly, promptly and fully perfam, d~xharge. execute, e(fed, complet~, comply w,th and ab~de by each ~nd every ~he st~putations, agreements, conditiont, and covenants oi said p~omissory note and this ~ mortgaye any w ei~her, and ~a~d costs, cMrges and expenses, each and evcry, sha~l be +mmediately dve and payable; whethcr or not therp be ~otice da mand, attcmpf ro colfect or s~it pend~ng; and the full amaunt of each end every such payment shall bear interesl from ~he da!e thereof untif paid a~ the rare of nine pe~ centum par annum; and all said costs, charges and exprnses incurred w paid, togNher w~th sucA interest, shaU be secu~ed by 1he lie~ of this mortgags. 6. That (a) in the eve~t of any breach of this Mortgage or defaut~ on the part of the MORTGAGpR, w(b) in the event any of sa:d sums of money herein referred to bs not promp~ly and fully paid withi~ thir~y (3p) dsys next aiter the same xve~atly become due and payabte, without demand or rarice,' or (c) io the event each ar?d every ihe stipulateons, agresrrKnts, conditions and covcnants of sa:d p.omiswry note and th~s mortgage any w either are not iuly, prompHy a~d fully perfwmed, d~xharged, executed, effected, completed, complied with and abided 4y, then in e~ther o~ any such event the sa~d ag gregate sum mentioned in said promissory nore tf+en remaining ~npa~d, wirh interest accrued; and a!1 moneys secured hereby, shall beco~r~e due and pay- able fwthwith, or the?eaffe~, at the option of said MORTGAGEE, as fully and completely as if all of the said sums of money were or~ginally st~pulated to be pa~d on such day, anything i~ said promissory note or in this Mongage to the con~rary notwithstanding; and thercupon or therea(rer ai the opt~on ot s3~d MORTGAGEE, withoul nor;ce or demand, suit et law w in equity, the~efwe w thereairer begun, may be prosecuted as if all moneys aecured hereby nad maWred pr~or to its institution. 7. Thst in the evenl that at the begin~ing of or at a~y time pending any suit upon this Mortgsge, or to fwecfose it, or to reform i~, or to enforce paynxnt of any claims hereunder, said MORTGRGEE shall apply !o the Ceun having jurlsd+ction thereof fa tF?e appo:ntment of • Receiver, such Court shall iorthwith appoint a receiver of said mortgaged property all and singular, includm9 atl a~d aingulsr the income, prolits, issues and revenues from whatever source derived, each and every of wh~ch, it being expreuly undersrood, ;s hereby mo~igaged as if spec~fica!!y ie1 fath and desaibed in tF~e granri~g and habendum dauses hereof, and such Receiver shall have alI the broad and eifecrive funcnons and powers in anyw~se eMrusted by a Court to a Receiver, and such appointment ahall be made by svth Court aa an admitted equity and a matter of absolufe right to said MORTGAGEE, ind withou? reference fo fhe adequacy or inadequacy of the value of the property mortgaged or to the soivency a;nsolvenEy of taid MpRTGAGOR w the defendants, and that such renrs, profits, income, iuues and reven~s shall be applied by such Receiver accordmg to the tien w equity o} said NIORTGAGEE and ~he practice o( such Courf. 8. To doty, promprly and fully per(orm, discharge, execute, eftect, complete, comply w~rh and abide by each and every the stipulations, agreements, conditions and covensnts in sa~d promissory note and this mortgage set fwth. 9. That in the event the ownership of the mortgaged premises, or any parl thereof, becomes vested in a person other thsn the MORTGAGOR, the !IM,ORTGAGEE, its successors and auigns, may, withoUt norice to the MORiGAOR, dral wirh suth sexcessor a successor in interest w~th reference to this a mortgage and the debt hereby secured in the same manner as with Martgagor witbout in any way vitiati~g w d~scharging the Mwtgagori liability here- under w upon the debt hereby secured. No sate oi the premises hereby mo~rgaged and no fabearance oo the part of the /AORTGAGEE w its successors or assigns and no exrenslon of the time for the payment of the debt hereby sec~red g~ven by the MORTGAGEE o. its successors or ass~gna, ahall operate ro re!ease, d~xharge, modify chanye or affetl the aig~nal IiabfGry of ihe N1pRTGAGOR hereio, eitFx~ in whole w in part. 10. It is spec~fically agreed that time is of the esunce of this contract and that ~o waiver of any obligation herevnder or of the obtigation sr c~red hereby shall at any time thereafte~ be held to be a?vaiver ef the terms hereol or of the instrument :ecured herby. 11. fn add:tio~ to the faego:~g monthly payme~ts of princ pal and inrerest required by the p~om:ssory nore sec~red hereby, mortgago~ covenanls and agrees to pay ro mort4agee w~th each momhly pay~~~ent an add~~~onal sum ess~n:a~ed by morrgagee to be equal to 1% 12 of the annual cost of tF~e fo(low- iny: i A-A!1 ~eal property taxes ieveed w assessed against thc above described real estate. B-Premiums on fire and windztorm inwra~ce as herein requ~red to be carried on the improvements situate on the above described premi:es. t-Premi~ms on svch mortgage guaranty insura..ce as mortgagee shalt from t~me to time deem fit to carry on the loan secured hereby. Mortgagee shall from time to time notify monyagor in writ~ng of the amount due and payable her~nder artd tuch su:n sha!! ihereupon be due and = ;,ayable on the due aate of the nexl monthly payment and each successive month thereatter ur.tii mortgagee shall notify mortgagor of a change in such a~.•.ovnt. Such sums sF.al! be appli¢d by mortgagee toward tl~e payment of real proper~y taxes, i~surance prem:ums, artd mortgage guaranty insu~ance p•emiums. s IN WITNESS ~VHEREOF, the said MORTGAGOR has hereunto set his hand and seal the day arn! year first sfwesaid. - Sign Sealed and detivered i the pres e of: ~~tr 1~~~~~~ ~ an ~r l' ~Pu~.a/ cseao - . r~~ - 6 l5ea~ ' - T . ~Seal) STATE QF FLQRIDA " ~ ~OU~JTY OF St . LUC 1 ~ ~ 1 ~ Dtarcel Paul Rictiard a~ ; Before me personally appeared ; Gai 1 E. Riehard his wife, to me well known and kr.awn to me to be rhe individuals described in and who execWed the faegoing instrument, ertd ecknowledged before me that they executed the sarrK for the purposes i rherein expressed. And the said_ C;ai 7 _ R7 (~~1'~Z'C~ s ?~larcel Paul n; ri~arri ,~v1 `e of the said - opo~ a separate and private exam~nation by me ta4en separate and apart from her said husbs~d, atknowledged to and before me that she executed said instrument freely and volurr rar~iy and w~thout any compulsion, consuaint, apprehension, or fea? of or from her said husband. WITNESS my hand and official sea! this 7t}7 day of June A. D. 19 73 ~ ~~_a~ ~ # Notary Public in and~ior t State of fbrida at large ~ My Commis~eon eapires: Return To: • first Federal Savings a Loan Associaf,on ~•11~::+i1.7;;~~' - _ Of Fort P,erce. - ~ ~ Fort Picr~e. Florida ~42~ : ~ , kf;iARY VIlBIIC. SiA1E d FLOAID~ ~ 1~1' COblMISSION EXP~R~ IAN. 7. U~ ~ • y~- ' :.o~w~t yy qraerkan 77~. t ~ • : waklR ~IlSyfi!!q~`r . l - This Instrument Prepared SyRiChard K. Kayes - ~'l ~ ° First Federal Savin s & Loan Association ~ ' ~~:d : = of Fort Pierce FIL~D : ~EL~JaUED ~ ; r~- _ , E'lorida ST.iUC« _ ~LMfr F1A. • . Checked By II~ fr f~~~ .:1!T C URt vx y.~ ~ f;~ c•`_ ~ pf . . \ ; JUN ~ ~ 46 ' 1~ BOOX~~S P~46f J~ ; ~ : - - - _ _ _ _ - ~ - _ ' ~ ~ ~ ~ - ~ ~"~s:~`~ ~ ~ ~ ~ - ~ , „ ~ ~ ~ ~ ~ _ ; s ° .-3'€~~ +~'--~r=.['~"°~..w~ t,c - a$~.b~, ~'~$m:.:=