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Home My WebLink About1117 , 3. To place and conti~uou3ty keep o~ tM Dui!d~ngi now a hereafte~ ~ituats on said land and on all equcpment and perso~~lly covered by this mw~g- s~~, with all p~emiumi thereon pa~d in full, }~re inaurance i~ th~ vsual s~ardard policy fam, in a sum approvtd by the MORrGAGEE, and windstwm intur~nc~ in tM usual srandard pol:cy lam, in a wm +pproved by tM MORiGAGEE, in such canpany o? compa~ies as the MORTGAGEE may dirtctt and all fir~ and w~ndstorm insuranc~ polic~ei on any of said build~nyi. any in~eres~ ~herein or parl ~he~cof, ir. ~he a9yrega~e sum ~foreiaid w In txtes~ ~hereof, shall contain ~M usual standard ma~gaget ctavte a such othe~ c~auss as ths Mwtpspes may rcquire, ma?in~ fhe los~ unde~ sa~d poli~ cies, each ~nd evcry, payabfa to sa~d MORTGAGEE ~s ifs in?erest may ~ppear, arid each u~d eve~y tuch poGcy shall be piomptly au,gned +~d deiirered to +ny heW by aaid MORTGAGEE as furlher sec~rity to said mo~tgage debt, ~nd, not ieu than ten (10) days in advance of tAe expi~ation oi e~ch potity, to da IirN to iaid MORTGAGEE a renewai thereof, logetha with s receipt for the premium of tuch renewal; and lhere sh~ll be no fire o~ windstorm insurance placed on any of iaid buildings, any intereat fhe~e~n w part thereof, unleu in the form and with the loss payable ai a(aeuid; ~nd in Ihe event •ny tum of mon~y becomes payable under such policy w policiss said MORiGAGFE shall f~ave ?he opt~on to receive and apply the iame on accoum of ths indrbteJ- neu secured hereby w b permi? said MORTGAGpRS to ~eusive ~nd ~s~ it or any part thereof fw ot}xr purF,,,ses, .v~~houl th:.eu~ wani~~g or unpa~r- ' ing any p~ity, lien or right unde~ or by vlrt~s of thi~mo:tgage; and in the event w~d MORTGAGORS sha0 for any reawn fai! to keep the said premise~ so . inavred, w fail fo deliver promptly a~y of said policies of insur~nce to said MORTGAGEE, a fail promptly to pay fulty any p~em~um therefor o~ i~ ~ny re~pecf fail to perfwm, d~xharge, execute, effect, complete, comply with snd ~bid~ by this covenant, or ~ny part hereof, said MORiGAGEE may place and pay fw such insurancs w sny part thereoi without waivin~ w~ffectinp any option, lien, equity, or right unde~ or by virtue ot this Mwtysye, and tht full amounl of e~ch ~nd every ~uch paymenf shall be immediately dus and payable and shall bear interest irom ths date thcreof until paid at the ~ate ol - • nine per tentum pet annum and tpyether with such interest shati be securtd by the lien of fh+t morfgage. 1. To permit, tommit or suft~r no waste, impairment or deterioration of said property o? ~ny patt thereof. 5. To pay ap and ~ingvlar rhe costs, tharges and expenses, including a reasonable attwney's fee and costs of ab~tracts of title, incurred w paid at any time by uid MORTGAGfE, because or i~ the event of the tail~re on the pan of the said MORiGACaOR to duly, pranptly and fully perform, d~uharge. execute, ef(ea, complete, comply w~th arx! ab:de by each end every the stipvlatiores, sg?eaments, tonditions, and mvenanq oi s~id p~omissory note and ihis mortgage any or e~ther, and said costi, charges and expenses, esch and every, sMll be immediatety due and payabte; whether o~ not there be not~ce dr mand, attenspt to coltect or auit pe~d~ng; and tM full amount of each and every svch payment shali beer intere:t from the date the~eof until paid at the rare of nine pea centum per annum; and all aaid costs, charges and expe~ses i~curred w paid, together w~th such interest, sha11 be secu~ed by tM lien of this matyay~. ~ b. That (a) in the eveM of any breach of ~his Mortgage or default on the part of the MORTGAGOR, w(b) in the event •ny of sa;d svms of money herein referret! to be rrot promptly and ivlly paid wi~hin th~rty (30) days nCxt after the same severally become due and payable, without demand or notice, o~ in ~he event esch and every the stipute~ions sgreemenn, co~ditio~s and covenams of sa;d promissory note and th~s mwtgs9e any a either ar8 not ~uly, promptly and fu~ly performed, d~scMrged, executed, etfected, completed, compl+ed with and ab~ded Sy, fhsn in e~~her w any iuch event the ta~~ ag- g~egate wm meroioned in said promissory ooro then remaining unpaid, with imerest accrued, and all mo~eys secured hereby, shall become due and pay- able fwthwith, or tF+ereafter, at the opt~on of said MORiGAGEE, as fully and completely as i( all of fhe se~d sums of money were a+g+nal~y stipufated to be pe+d on such day, anyfhing in sa;d prom~ssory note or in this Mortgage to the contrary notwithstand~~g; and tAereupon or thereafter at the option of said MORTGAGEE, wi~hout notice w demand, suit at law or in equity, theretore w thereafter begun, may be {xosec~ted as if all morxys secured hereby had matwed pnw to its institution. 7. Thst in the event rhat at the beginn~ng of or at any time pending any suit upon this Mortgage, o~ to fweclose it, or to reform it. or to snfwce payment oF a~y claims hereunder, said MORTGAGEE shalt apply to the Court having jurisd~ction thereef for ~he appointment of a Receiver, such Court shali Forthwith appoint s receiver of said mortgaged properfy aN arsd singular, incfud~ng ait and singular the iRCame, prof~fs, issues and revenves from whatever source derived, each ~ad every of wh~ch, it be~ng expressty undersrood, ia hereby mortgsged as apec;ficatly set forth and desuibed in ~he granting and habendum clauses hereof, and such Receiver shall have all the broad and effective fund~o~s and powers in a~ywise entrusted by a Courf to a Receiver, and such appoirttment sF>aU be made by such Court as an admitted eqvity and a matter of absolute right to said MORTGAGEE, end without refere~+ce to the adequaq o~ insdeqvaty Of the value of the property mortgaged or to the :olverety or insolvency of said MORiGAGOR a the defendants, and tfiat such renfs, profits, incane, iuues and reve~ues :hall be applied by such Receive+ accoid~ng to the lien w equify of sa;d MORTGAGEE and the practice of such Court. 8. To dvly, promplly and fully perform, discnarge, exetute, effect, complete, comply with and abide by each aod every the stipulations, sgrctiments, , conditions and covenants in sa~d promisswy note and this mortgage set forth. 9. That in the evenT tbe ownenhip of the mortgaged premises, a any pa?t thereof, becomes vested in s perwn other than the MORTGAGOR, the MORTGAGEE, its succeuon and ass~gns, may, without natice to the MORTGAOR, deal with such successw or successw in interest with ~eFerence to thia mortgage and the debt hereby secured i~ the same ma~ner as with Mortgagor wHhout in any way vittating or d~xhargFng the Martgagors' liability F?ere under or upon the debt hereby sec~red. No sale of fhe premises hereby mortgaged and no 1o~bea~ance on the pan oF the MORTGAGEE w its successws or ass~gns and no exte~s~on of the time fw the payment of the debt hereby secured given by the MORTGAGEE or its successors w au~gns, shall operate to rokase, d+scharge, mod+fy change o~ alfect the oaig;na! liab;l~ty of the MORiGAGOR herein, either in whole or in part. . 10. It is spec~lically agreed that t;mr is of the c:xnce of this contrac~ and that no waivH of any obi~gation hereunder w of the obligatwn se- cured hereby shall at any lime thereafter be held fo be a waiver of the terma hereof or of the instrument secured herby. 11. In add~iio~ to the forego ng monthly Fayments of princ'pal and interest required by the prom~isory note sec~red hereby, mortgagor covenants a~d agrces to pay to mortgagee wirh eath monthly payrnent an add,rional sum est~mated by mortgagee to be equai to 1/12 of the annual cost of the follow- ing: A-All real property taxes levied or assessed against the above described real estate. B-Premiums on fire and windstorm insurar.ce as he~e~n requ~red to be ca.ried on the impiovements situate o~ the above described premises. C-Vremiums on such mortqage guaranty insura~.ce as mortgagee sha{i from t~me to time deem fit to carry on tFx ban secured hereby. Mortgagee shail (rom time to time norify mo+tgagor in writing of the amount due and payable hereunder and such surn shall thereupon be due and ~ayab!e on the due date of ihe next monthly pay~nent and each successive momh tFr~reafter ur.til mortgagee shatl notify mortgagor of a change in such amount. Such sums shali be app!ied by mwtgagee to~~ard the payment of real property taxes, insurance prem:ums, and mortgage guatanty insurance p~emiunls. IN W{TNE55 WHEREOF, tFx said MORTGAGOR has hereunto set his hand and seal the day and year first aforesaid_ ' rxd. Sealed arsd delivered in the presence of: aq ' ~ RObezt L os1 (5esn (SeaO i _ Ma L L ns n i - ~ 57AIE OF FLORIDA , ; courvnr oF St. Lucie ; ~ ~ Robert Lyons ~ Befwe me penonatly appeared a~ ~ ~ rY Z. s 1.31OI1S his wife, to me well known and known to me to be E the individuals desuibed in and who executed the for { egoing instrument, and acknonr(edged befwe me that they executed the same fw the purposet ~ therein expressed. And the said ~ lY Z. • Ty0II3 I i wife of the said Robert I,yons upon a separate a~d private i examinarion by me take~ separate a~d apart from her said huaband, ack to and before me that she execulted said iostrumem freely and voluo- ` ; rarily and w~thout any compulsion, conshaint, apprehe ~~~ear of from her id huaband. ~ L~ . i WITNESS my hand and official seai thi dsy of u A. D. 19?~ . Notary Public in a for the State of Floridi ~t.~a~" ' f~l,.~~ ~ My Commusion expires: ~ = ~ i ~ ~i~, Return To: ~ /~I _~Z . / First Federai Savings a loan Association . ' • y• Of Fo.t P:erce. NQjA~ `t'" ~ ~ ~ ~ - . Fo~t Pierce, flor~da ~ry ~E~ ~~A D~ O~ ~ S C~prAt4 B~e !^ttt~.,,an 9anke;s j•~~ ~ N v: t.. ? J ~ ~ Y • ~ ~ ~fl V ~ ~ a .•p`~~ This lnstrument Prepared By JOhII W. ColliAS f~LEC Z~: ~f~;;;:tp~~ ' ~~'s,~~ ST~~ `~dF ~~t`~~ First Federal Savings 8~ Loan Association f~-~~~~~ :•:?JNir F~~, ~q~~~~~~~y N;~~"' of Fort Pierce ~ Rlotid a ~~~RS ' qcP~=t~!r- 'U~ i.~I:RT i "~E. Checked By 1Z~ ~i IS 8 sa Ali'13 ~2i5 ~11~5 25s8s~ ;s - - . ~ Y_ _ . _ . . . - ~ ~