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Home My WebLink About0462 3. To place and continuously keep on ths bui!d~ngs now a hereahe~ t~tuate on sa~d ~and and on all equ~p~*+eM and pe~sonally covered by ~h~s matg- •ge, w~th all p~em~ums ~he~eo~ pa:d in full, fire insurance in ~he usuai standard poticy form, in a ium approved by the NWRiGAGEE, ar.d w~ndstorm insuretxe in ths usual standard po~~cy fo~m, in a~um approved by the N10RTGAGEE, in such canpany or tompanies +s the MORYGAGEE n+ay d~rect; and all fire and w~ndstorm inauronce po~~ues on any of seid build~ngi, a~y iMerest the~ein or part thereof, in the ay9rega~e ium afaeiaid o~ in excess Ihrreof, shall conta~~ the v~ual star.dard matgagee dause a such other da~se a~ the Mwt9agee may requ~re, ma?ing ~M lois unde+ sa~d po1F ciea, each ~nd eve~y, payab~e to s~id ~1pRTGAGEE as ~ts intsrest may appear, and esch and every such policy ihall be promp~ly ass.gnrd and delivered ~o •ny held by said MORTGAGEE as furthe~ security to said mortgage debt, and, no~ less than ten l10) days in adv+nce oi ~he expiiation of each policy, to dr live~ to said MORTGAGEE a re~ewal thcreof, together with a rece~pt fw Ihe premium ol such renewal; a~d there shall be ~o fire or windsto~m insurance placed on ~ny of ssid buildings, any in~ereit therein w part thereof, unlesa in the form and with tM loss p+yable as afaesaid; and in the evenl any ium of money becomei payable under tuch policy or poGcies said MORTGAGEE shall havs ~he option ?o receive end apply the same on account of the in~abted- ness secured hereby o~ ro pcrmtt sa~d MORTGAGORS to receive and uss it p any par~ ~hereof for o~ner purpo~es, w~~hout ~ha~<o~ wai~~~~g o~ u'~po~~' infl any equ~ty, lien or r~ght under or by virtus of this matgage; snd in the eve~t ta~d MORiGAGORS shall fo~ sny reason fsi) to keep the said p?emises so insured, or fail to deliver promptly ~ny of said policies of insurante to said MORTGAGEE, w fail promptly to pay futly any premium the~efor a in a~y resped fail to perfwm, discharge, execute, effect, complete, comply with and abide by this tovenant, or sny part he~eof, said MORTGAGEE nuy p~+ce and pay (or such iniurance u sny part thereof without waivi~g w affeUin~ any op~ion, lien, equity, or right undtr w by vi~tue oF ~his Mwtgage, and the ; tull amount of each and every such payment ~hall be immediately dw and payable and :hall bear interost f~om the dat~ thereof umil paid at ~he rata oi ' nine per centum pe~ annum and togrther with such interest sha~i be secured by the lien of lhis mwtgage. 1. To permit, commil a suf(er no waste, impairment a deterioration of said proptrty or any part thereof. 5. To pay all and singular the costs, charges and expenus, including a reasonable attuney'i fee and costs of abstracts of title, incurred or paid at nny tima by sa~d MORTGAGEE, betause a in the event of the fa~lure on the par~ of the said MORTGAGOR to duly, promptly snd fully periwm, d~xharge. execute, etfed, comp~~ete, comply w~rh and ab~de by each and every the stipulanons, agreements, co~ditions, and mvenanb of said promissory note and ihis mwtgage any w e~~her, and uid cosh, charges and expenses, each and every, shall be immediately dw and payable; whether w not ~here be notice da mand, attempt to colted or suit pend~ng; arx! the full amovnt of each and e~ery s~ch paymeM ~hall bear interest from the date thereof until paid a1 the rate of nine per centum per annum; and all said costs, charges and exprnses incurred or paid, together w~th such interest, ~hall b~ secured by the lisn of this • 4 mortgaga. b. Tha? (a) in the event of any breach of this Mortgage or de(ault o~ the part of the :NORTGAGOR, a(b) i~ the evenf ~~y of u~d sums of money herein referred to be nol prort~ptly and fully paid within thirty (30) days next after the same severally bccome dve and payable, withou~ demand or notice, or (c) in the event each and every the slipulations, agreements, co~ditions and covenants of sa~d promiswry ~ote and th~s mortgage any a e~ther are not ! iuly, prompfly and tully perfwmed, d~xharged, ezecuted, effected, compteted, compl~ed w~th and abided by, then in e~ther w any such even~ the uid ag 1 gregate sum mentioned in said promissory note then remaining unpaid, with i~terest acuued, and all moneys secured hereby, shall become due and pay- ab:e fwthwith, or thereafrer, at the opTion of sa~d MORTGAGEE, as fulty and completely as if all of the sa~d sums of money were or~~~na~~y stipulated to be paid on such d~y, anything in sa~d promissory r.ote or in this Mortgage to the contrary notwithstanding; and thereupon ot thereafter a1 Ihe op~~on of sa~d MORTGAGEE, without not~ce or demaod, suit at law or in equity, therefore or thereafter begun, may be prosecuted as if all moneys secured hereby nad mawred prio~ to i+s ~nslitution. 7. That in the event thal at ihe beginning of w at any teme pending any suit upon this Mortgage, o? to fweclose it, ot to refwm it, or to enforce payment of any cla~ms hereunder, said MORTGAGEE :hail apply to the Court having jurisdiction thereof for the appoiniment of a Receiver, such Court shail Forthwith appoint a receiver of said morlgaged property a(I and singular, incfud~ng alt and singuiar the income, prof~ts, issues and revenues from whatever so~~rce derived, each and e~cry of which, it being expressly understood, is hereby mortgaged as if ipetifically set forth and described ih the granting and habendum clauses hereof, and such Receiver shall have all the broad and effective functons and powers in anywise entrustcd by a Court to a Receiver, and s::ch appoinrme~it shalt be made by such Court as an admitted equity and s maner of absolute rght to sa~d MORiGAGEE, and wi~hout refererxe to the i adequacy w inadeauaty of the value of the prope~ry mortgaged or to the soivercy or insolventy of said MORTGAGOR or the defendants, and that such Z re~rs, prof~ts, incane, issues and revenue: shall be appl~ed by such Receiver according to the lien or equity of said MORTGAGEE and the pract~ce of such ~ Court. 8. To duty, promptly and fully pcr(orm, discharge, execute, effect, complete, comply with and abide by each and eve~y the stipulations, agreements, conditions and covenants ~n sa~d promisswy note and this mwigage set to~th. i 9_ That in the event the ownership of the mortgaged premises, or any part thereof, 6ecomes vested in a person other than the MORTGAGOR, the h'.ORTGAGEE, its successors and assigns, may, without notice to tlie MORTGAOR, deal with such succeuor or successor in interest with refe:ence to thia rno~tgage and the debt Aereby secured in the same manner as with Mo~tgagor without in a~y way vitiating o? dixharging the Mortgagors' liabi~ity hero- un~er w upon the debt hereby secured. No sale af the premises hereby mortgaged and no forbearance on the parl of the MORTGAGEf a its successws o+ assigns and no exte~sion of the time ior the payment of the debi hereby secured given by the MORTGAGEE or its successws or au~gns, aiialf operate ro release, d;uharge, modify change or affect the original liab~lity of the MORTGAGOR herein, either in whole w in parf. ; ~ 10. It is specifically agreed that time is of the essence of this contrstt a~ that no waiver of any o6ligation hereunder or of the oblgation ae- ! cured hereby shall at any time tF~ereafter be held to be a waiver of the terms hereof a of the instrument secured herby. ~ 11. In add:t;on to thr iorego ng monthly payments of princ'pal and interest required by the promissory note secured hereby, mortgagor covenants ~ ~~~d a~rees to pay to mortgaqee ~+~ih each monthty payr.iem an odd~rional sum estimated by mortgagee *o be equal to 1;~12 of ~he annual cost of the follow- !ng: A-AI~ real property taxes levied or assessed agai~st the above described real estate. ~ B-P~emiu~r.s on fire and windstorm insurar.te as here~n requ~red to be tarried on the improvemeits situate on the above described premises. F ' C-Premi~ms o~ such mortgage gua~anty ins~rance as mortgagee sha~l from t~me to time de:rn fit to carry on the toan secured hereby. ~ Mortgagee shail irom time to time notify mortgagor in writing o( the amo~m d~e and payable hereundd and suth sum shall ihereupon be due and 4 : ayable on the due dare of the next month?y payment and each zuccessive momh *hereafte~ urtil mortgagee shall notify mortga f a change in such i ~~.ovnt. Such sums shaif be applied by mortgagee toward tne paymeM of real property taxes, insurance prem:ums, and ma gvaranty insurance i ,~•emiums. ~ IN Y~ITNE55 WHfREOf, thc said MORTGAGOR has he?eunto set his hand and seal the day an y fitst esaid : ~ ! ~_ed, Sealed and de red.J he presence of: ~ i Li~ / ' / Y ~ ~a~~ i - ~ s ~ $eal) r. - g ~$2a~ € ' S i r~TE Of FLORIDA ~ ~ COUNTNOF St . L-UCI.e ~ Before me penonally appeared {A~2111c1Ji1 1.. SL3112I1~P_ Y' and ~ E2izabeth I-~. Sullenger his wife, to me well known and known to me to be ~ the individ~ats described in and who executed the fwegoi~ipsl a~,eand acH le~ged b~fore me that they executed the wme for sF~e purposea therein expressed. And the said 1 tr] Sullenc~er ~ 1 1 . ,~~fe of the said upon i separate and private ~ exam~nation by me taken separate and apart fram her said husband, xkrawledged to and before rt?e that s?ae executed said instrument freely and voluo- .a rarity and w~thout any compulsion, constrai~t, apprehension, w fear of or from her said husband. : ~ WITNE55 my hand and offic~al sesl thit 29th day of ~'iay A D. 19 73 j ~ ~ ~ ~ ~ f~~E~~ Ah~ ~~~E~ Notary Pub~ic in and for the S~te of rids et Larye ~4 ST. LUCiE CGCMTY FU. My Comm~ssion expires: / ; Retum To: - - -~~e - First Federal Savin s d. loaa Association ~J~' . 9 GlE°.! ;,UIT C)~RT ~t Of Fo~T P:crce. oF(.' G ~ Fort Pierte, Florida '~Ici iC. c'~A~ a( ~E ~ . ~ ~ 1 9 33 ~H , _;ISSIQN EXPIRES IAN. 7. 1l77 :l- ~onGed Br Mktiao Baktp ~ ~e .l..e~LIJ~l/ ~ rr , ty~ ~ a~ This Instrument Prepared By Richard K. K~yes `~.~'~~~~5..~~~Y')~~~4,, i First Federal Savings 8 Loan Association ~ J~•• 11_~: . ~k of Fort Pierce Fl Or 1 ~a ~~~V ~ 0 - ~ ~ , _ ~ ~ 4~?~q . _ ; K . _ . . . r : a : ~ Checked B - rP' a 5 r' - . . ~ , . ~ : ~j ~ - % > ~ • • ~ , ~-5 ` ~i - ~ ~ 8 ~2i5 ~ ~0 . : :"''y a~ ~T.,: . _ . 4:= ~ _ ~ - - . : , ;5~ -r,Y,V - ~ ~ ~ F,~.. ~ ~ ~ , ~ n ~y ~