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Home My WebLink About0377 3. To place and tontinuously keep on Ihe bui!dings now a hereaf?e~ s~~ua~e on sa~d Iand and o~ aIt eq~~pmenr and personaUy covered by th7s mor~g- sgs, with ~Ii premiums the~eon pa~d in tull, I~re insurance in the usuat standard polity fo~m, in a sum aNWoved by ~he MOR~GAGEE, a~d w~ndsiorm insura~c! in IAe uswl seandard pol~ty Form, in a s~m approvtd by Ihe MORTGAGEE, in ~uch tompany or :ornpanies as the MORTGAGEE may d~rech and aU firo and w~ndstorm insurance potic~es a+ any of said build~r~g~, any Interest tlierein or part thrreof, ie the aggreyat~ sum ~faeta~d a in exteu thereof, shall contain the usual ~tandard mor~gagea claust w such otF~e~ tlsus~ at 1he Morlyages may rcqu~re, makinp tM less unde~ ta~d poti- cies, each and eve~y, payable to sa~d MORTGAGEE as inta~esl may appear, end each and •ve~Y such po!JCy :hall be pranptly ass g~~ed a~~d delivered ~o sny held by said MORIGAGFE as iurther srcurity to said morryage debt, s~d, not kss than ~en (10) days in ad~~~xe of ~he expiratioo of each policy, ro da live~ to said MORTGAGEE s renewal thercof, toge~hN with a rece~pt fa the prem;um oi ~uch renewal; and there shafl be no i~~e or windstor~n insurancs p~aced on any of taid buildings, any interesf therein a part ~hereoi, unJesa in tt~a foim and with the loss payable as afwesaid; and in ~he event any ~um of money becomes payable u~de~ such policy w poGcies said MORTGAGEE shall have the opt+an to rece~ve and apply the sarne on account of the indabeed~ ness secured he~eby OI fp pe~mit said MORTGAGORS to receive and use it w any part thereof for orner purF.oirs, v.~N~u! ~her, ui waiving or ~~~~pa~r- ing any equ~ty, l;en a right unde.v a by virtue of this mo::g~ge; and i~ the evero sa~d MORTGAGORS shall for any reason tai) to keep ihe sa~d premisai so ~ insured, or fail fo deliver p~wnptly any of said pol~cies of insurante to said MORTGAGEE, or fai; promptly 1o pay fuily any pre~nivm therelor o~ in any f respra fail ro periam, discharge, eae<ure, elfect, comptete, tomply wi~h and +bide by ~hii cove~ant, ar any part l+ireoi, sa~d MORiGAGEE may place a~d ~ pay fa such insurance or a~y part ~hereof w~~hout waivi~g w s(fec~ing any option, lien. equ~ty, or right unde~ or by v'ntue of +h~s Mor~gage, and the ~ full amount of each and every such payment shatl 6e immediateiy du! and payeble arvd ahall bear interes~ from ths da+e thereof until paW at the rate o1 nins per centum pe: annum and together witl~ such interest shali be secured by the lien of this mwtgage. f 1. To permi?, tommit ot auffer no waste, impairment a c~tetioration of uid property a any part thereof. ~ S. To pay all and :inguls~ ths cos~s, cfiarges and expenses, including a ressonable attaney i fee and costt of abstractt of title, incurred or ps~d at any time by said MORTGAGfE, brcause w in the event of 1he failure on the part of the ~aid MORTGAGOR to duly, promptly and fuily perform, d~stharge. execute, effect, complete, tomply with and ab:de by each and every 1he stipvlal~ons, agreemenri, conditions, and mvenants of said p~omissory note and thii mortgsgs any or ei~her, and ~a~d cosh, charges and eapense~, each and avery, shali be immediately due a~d payable; whether o~.not the~e be no?ice da mand, attempt to colied oi su;t pend;ng; and the full amount of eath and every such paymcnt s~all bear interea~ from the date the~eof u~til paid at the r~te oi ~ine per centum per an~iu:n; and all said costs, charges and expznses inturred w paid, together w+th such imeres4 shatl be secured by the tien of this mor~gage. - 6. That (a) in the event of any breath of lhis Mortgage or default on the part of the MORTGAGOR, or (b) in the event ~ny of said sums of mo~ey herein referred to be not pror„ptly and fully paid wi~hin thirty (30) days oexf afrer 1he same severalty become due and payable, withou~ demand or norice, or (c) in the event each and cvery the atfputations, agrcements, cond7rions and covenants o! sa':d p+omissory note and th~s mortgage a~y w either are aot ~uly, prompdy and fully performed, d~scharged, eaecuted, effeued, completed, complied with aod abided by, then io either a any such eve~t tAe sald ag gregate sum meationed in said promissory note the~ remaining unpaid, with interest accrucd, and atl moneys setured hereby, shal! become dve and pay- able forthwith, o~ therealrer, at !he option of said MORTGAGEE, as fully and compte~ely as if all of the said sums of money were originally st~pulated to be pa~d on such day, anything in sa:d promisswy note or in ~his lYlortgage ~o the contrary norwi~hstanding; and thereupon w tfiereafter at the option of said MORTGAGEE, without notice or demand, suit at law w in equity, therefore w thereafeer begun, may be proxcuted ss if all moneys secured hereby nad matured pnor to its institution. 7. That in the event that at the beginnirg of or at any time pending any su~t upon this Mo.tgage, or to fweclose it, w to ref«m it, or to enfo~ce oaymeM of any ciaims haeunder, said MORTGAGEE shatt appty to the ~ourt havinq jurisdiction thereof tor the appo,ntmeN of a Receiver, such Court shail Forthwith ~ppoint a receiv~r of said mwtgaged p~operty all and s;ngular, inctud~ng a11 and singular the income, p+ofits, issues and reve~ues fram whatever source derived, each and eve?y of wh~ch, it be~ng express~y undersTOOd, is hereby mo~tgaged as if spec;ficatiy set iwth a~d desuibed in rhe granting and habendum clauses he?eof, and such Receiver shall hare all the broad and e4feciive furittlons and powers in anywiu entru~ted by a Court to a Receiver, and s~ch appointment shall be made by such Court as an admifted equity and a maYer .of• absolute right lo said MORTGAGEE; and wirhout reTerence to the adequacy w ioadequacy of the vaiue oi the property morrgaged w ro the wlvency or in:olvency of u;d MORiGAGOR or the deiendants, and that such ren~s, profin, intome, issues and revenues shall be applied by such Receivr. according to the lien w equify of said MORTGAGEE and the pract~ce of sucA CouA. 8. To duly, promptly and fully perfwm, discFwrge, execute, e(fecf, comptete, comply w~th and abide by each and every t}?e stipulations, agreements, con~itions and covenants in sa~d p:omissory rate a~d this rr.wtgage set fwlh. 9. That in the event the ownership of the matgaged premises, w any part the~eof, becomes vested in a person cther than the MORTGAGOR, the h!pRTGAGEE, its successws and assigns, may, withoul notice to the MORTGAdR, deal with such succeuw or soccessw in interest• with reference to fi~is mortgage and the debf hereby secured in the same manner as with Mo.tgago. w~thout in any way vitiating w d~xharg~ng the Mortgagors' liability }~ert under or upon the debt hereby secured. No sale of fhe premises hereby mortgaged and no forbearance on 1he part oi the MORTGAGEE or itt sutcessors or assigns and no ezte~sion of the t~me fw the payment of the debt hereby setured given by the MORTGAGEE or its successors or ass~gns, si~all operate to release, discharge, modify change w affect the aig~nal liabitity of the MORTGAGOR herein, either in whole w in part. 10. It is spec'rficatly ag~eed thnt fime is of the esserue of this contrad and that no waiv~r oi any obfigation hereunder or of the obligsYwn se- c~red hereby shall at any time thereatter be hetd to be a waiver of the terms hereof ar of the instiument secured herby. 11. In add~tio~ to the forego:rtg monthly payments of prir.c'paf and inte.est ~oqu~red by the promisso~y nore se~ured hereby, mortgagor covenants ~^.d agrees ro pay to mortgagee with each monrhly pay~:lent an add~tional sum esa:~,ated by mongagee to be equal to 1~ 12 of tfie an.~ual cost oi the foitow- ~ng: A-AIt reai properry taxzs levied or asseszed agai~st rhe abave desui5ed real estata. B-P~emi~ms on fire and windstorm insurarce as here~n tequ~red fo be carried on the improveme~ts s~tuate on the above destribed premises. C-Premiums on such mortgage guaranty insurar,ce as mortgagee shall from. rme to t~~ne deem fit to tarry on the loan secured hereby_ Mortgagee shalf from time !o t~me no:i(y mwfgagor in writ~ng of the aR~ount due and payable hereundrr and such sum shail thereupon be due anrl ; ayable o~ the due date of the next month:y payment and each successive monrh thereaiter urtil mwtgagee shal! not~fy mortgagor of a change in such a~"ount_ Such sums sF.afl be applied by mortgagee toward the paymem of real property taxes, insurance prem.ums, a~~d mortgage guaraMy insurance p-emiums. IN 1Yl1NESS LYNEREOF, fhe said MORTGkGOR has hereunto set his hand and seal the day and ar first afwesaid. ' - _ Signed, Sealed and detivered in the presence of: /r , _ ''L~~,' ~ (ceaq ' ~ • S1r~CE~ ' al) i ~ ' ` ( The laa M. Sirk~e ~ -~~an ' t5ear) ; STATE OF FLOR{DA 1 1 ~ ~ couNrY oF St . l.ucie ~ Before me personally appeared A11Qn M• 51=~1 s TbQli~ M. Sirkel his wife, to me well known and k~own to me toabe ~ the individuals described in and who executed the fwegoing instrument, and acknowtedged before me that they executed the same tar the pv~poses ~ rherein expressed. And the said ?helaa M. $1Z~1 ~ Nife of the said Allsn M~ $1=iC@1 upon s separate snd private s i s examination by me taken separate and apart from her said husband, stknowledged to and before me that she executed said instrument freety and voluo- ~ ~ !ar~ly and without any comp~lsion, constraint, apprehe~s~on, or fejr of w from her said husbard. ' WITNESS my hand and off;c;at seat thi: 7th ~Jay June a p, i9 ~ ; 1 _T- i \ ~ y ~ : • ~ j E Notary Public in and foi State ~F{a~a.tit Larye ~ L My Comm;ssion expire ~ ~ ' ~ • - ; Return To: 11ptAq11 p1~B:jQ'~STATE ~ F1Qg10A ~tURGE ° First Federsl Savings 3 toan nssoc~ar~o~ MY fA'a!1(S$101'~ ~JiP{RFS $f C.: ~;975 ~ € Of fort P:erce. ' ~ g 1 Bondsd T~R1~ GeW1Efa1. I~uratl~ Urw, riMrs. ~ Fort P~erce, Florida ~ s. ~ ; _ i fILED A4!'+ FECORDEO , ~ - ~ •^J , v~:, ST. WC~E CDUN7Y FIA. f.'~ ~ t b . ' This Instrument Prepared By ~ Jobn W. CO111A3 P~~` r. i RA5 ti CIER~. C;~~.:UIS COURT ; First Federal Savings & Loan Association ; i £ of Forr Pierc~ , Rlor ida p`~ y`"~' ' - ~ ~ io 4~ aH ~~3 ~ Checked By 256429 ~ f ; g~~~r ~a!'~ ~ ~ - - - - - - ~ ~ . ~ ~ c~ ~ -3 ~ r ~ ~ ~ y ~.5 - .~~~F~ r~J ~"~S~e'sa°'s„ ,.x*° `s~3x,.~''"r~-,`.''~ -.~".^~~,;`2 ""i ~°s' - ~ . ' . .~,~.''~+.=.m