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Home My WebLink About1453 3. To placa snd continuously keep on the bu;:d;ngs now w hereafter i~~uaa on sa~d land and oe+ all equipment snd per~onally covercd Ly this mortg- sg~, with all premiums thereo~ pa~d in fuil, tire ins~rance in ~he usual standard policy form, in ~ sum sp{xoved by the MORtGAGEE, and winds~a~m 1ntw~nc~ in th~ uswl siandard poGCy tam, in a ium approved by th~ lNORTGAGfE, in avcA compaoy a companles as the MORTGAGEE may ~ ~ direcl7 +nd ali fir~ and wlnJi~orm inivrance poliuei oo any of said build~r+pi, any in~e~est rherein w pan thereof, in the a9qre9a~e sum ~fo.esaid or in ~~ccess thereof, ihall contain ~M usvai s~andard matg~ge~ claus~ w such oihar claust at tM Matgagse may requir~, ma?inQ the lou unde? ~a~d poli- ' des, each and tvery, payabl~ ro sa;d MORTGAGEE as iti in~e~es~ may appear, u+d each and every tuch poiicy shall be promptly au 9~ed and del~ve~rd to any held by ssid MORTGAGEE as turther uturity to iaid monga9e deb~, and, no~ leu tMn ten (10) dayi in advance of the expirat~on of esch policy, to dr • ~~v~r to said MORTGAGEE • renewal thereof, togethsr with a rece~pt fw !he psem~um of sucF~ renewal; and there shstl be no fire o? winda~o~m insurance plac~d p? a~y of said buildings, any interost thersin a psrt ti?ereof, u~les~ in the form ~nd with ~M loss payable as alaeuid; and in 1he evenl any sum of monay becomes payable under auch polky a polKies u~d MORTGAGEE ahall Aavs the option to receive and apply the ume on account of the indabied- ` ne~s secured hsreby w ro permit said MpRTGAGORS to rcceive and use it or any pa~~ tAe~eof tor other purposrs, v~~tho~t th_rcui waivi~,g or m~pa~r- ~~g a~y puity, lie~ or ~igh~ undrr or by virtue of this mor!gage; a~d i~ the eveo~ w~d MORTGAGORS sha~l fa any ~eason fait to keep the taid premisr~ ;o insurcd, o~ faii fo deiivar p~omplly ~ny of said policip of insurante to said M.QRTGAGEE, or fail promptly to pay fully sny pre~nium therefw or in any ~ respect (ait to perfam, d~scharge, execute, effecl, complete, comply wirh a~d abide by this covenant, w any part he~eof, said MORTGAGEE may piace and pay fa such insu~ance or at+y part thereof without waiving o? ~tiecting any oprion, lien, eqvity, o~ ~;gAt under or by virtue of this Mortgsge, and Ihe f~ll imo~M of ~sch ana every wch paymeM shall be immedia?ely due and payable and ~hall bear i~teres~ irom the date thcreof u~uit paid at Ihe rate ol nine per centum Per annum and together with suth inie~est shall be secured by the lien of this mortgage. 4. To permit, commil w suffer no waste, impairmem w deterioration of said property or any part thereof. S. To p~y all and sin~~lu the costs, charges and e:penaes, including a reasa~abk atto~ney's fee and usts of abstrattt of title, incvr~ed o~ paid at any timc by said MORTGAGfE, because u in ths evanf of the fa~lu~e on the pan of the said MORTGAGQR to duly, promptly and fully perform, d~xhsrge, execute, efied, complete, canply with and ab:de by each and every tix atipvla~~ons, sgreements, conditions, and cove~wnts of aaid promiswry note.and this mortyage any or e~thei, and sa~d costs, chuges and eapenses, each and every, thall be immediately dve and payabte; whether or not there kx notice de mand, attempt to colled or svit pend~ng; and the full amount oi each and every :uch payment ahall bea. in~erest from 1he date thereof uroil paid at the ~ate of nine per centum per an,~um; and aN said costs, charges and expenses ;ncurred o~ paid, logether w~th suth interest, ~hall be setur~d by the lien of this mortyap~. 6. That (a) in ~ne event of any breach of this M.ortgage w default ore tha paA o( tl~e MORTGAGOR, or (b) in the evenl sny of said swns of money , herein reFerred Io be ~t promptfy and fuliy paid within thirfy (30) days next atter the same severally become due and payable, without demand o~ notite, or in ti?e event each and every ~f?z s~ipvlations, agrerments, cond~t~ons and covensnts of sa~d {xomiuory note and th~s mortgaye any o~ either are ~ot iuly, promptly and fulty perfwmed, d~xharged, executed, efieued, completed, compf~ed with and ab~ded Sy, the~ in e~ther w any such evem tha sa;d ag- gregate sum mentioned in said paon:isso+y note Ihen remaining unpaid, with inrerest accrued, and all mo~eys secured h~reby, sAall become due ~nd pay- able for~hwith, or thereafte., at the opt~on of said MORTGAGEE, as fully and completely as if all of the said wms money were aiginetiy tt~putated ro be pald a+ such day, anything in sa:d prom~zswy nore or in this Monqaqc to the conrrary notwithstar+d~ng; and the~nupon or thereafter at the op~~on of sa~d MORTGAGE:, w~thout not~ce o. demand, suit at law or in equity, therefwe or tl~ereafter begun, may be prosecuted as if all moneys secured hereby had matured pnw to its institution. 7. That i~ fhe event that at the beginntng of w a! any time pe~di~g any suit upon thi~ Morfgage, a to iwecbse it, or to refam it, or to enforce payment of any claims 1+creunde?, said MORTGAGEE shsll apply to the Coun having jur~sdiction thereof ior the appointment of a Receiver, such Court shall Forehwith appoint a receiver ot said mwtgagecJ property al! and s~ngular, incfud~ng all and iingutar the income, p~of~ts, issues and revenves lro~r~ whatever source derived, each and eve.y ol wh;ch, it being exp?essly unde~stood, is hereby morrgaged as if speufically xT forth and deuribcd in the g~anring and hatxndvm clauses hereof, and such Receiver shall have atl the broad and effecrive (unct~o~s and powers in anywise e~trusted by a Court to a Receirer, and s~ch appointment shall be made by such Cou+t aa an admitted equity and a matter of absolute ?igbt to said MORiGAGEE, and w~thout refereoce to the adequacy or inadequxy of the value of the property mortgaged or to the so~vency or ~nsotvency oi said MORTGAGOR a the defendants, and that such renrs, profits, income, issues and revenues shall be applied by such Receiver according to the lien or equity of said MORTGAGEE and the pract;ce of suth Court. 8. To duly, pranptly and fully perfwm, d~scha.ge, execute, effect, comp!ete, comply with and ab~de by each and every the stipulatio~s, agreements, cond~tions and covenants ~n wid promissory nofe and this mortgage set fw~h. 9. That in the event the ownership of the mortgaged premises, w any parf thereof, becomes vested in a perwn other than the MOR7GAGOR, tha MORTGAGEE, its succeuors and assigns, may, without notice to the MORTGAOR, deal with such successor a successor in interest wiil~ reference to this mortgage and the debl hereby secured in the same manner as with Mortgago~ without in any way vitiating w d~scharging the Mortgagors' liabifity hero- under w upon the debt hereby sec~red. Plo :ate of the premises hereby mo~tgaged and no forbearance o~ Ihe part of the MORTGAGEE or its successws or assigns a.~+d no extension of the time fa the paymen~ of the debt hereby secured given by :he MORiGAGEE ar i~s svccessors or assigns, ahali operate ' to refease, discharge, modify change oa affect the orig~nal liab~t~ty of the MORTGAGOR herein, either in whole or in part. 10. h is speufically agreed tha~ t~me is of the essencr of rhis conrract arrd that no waiver of any obl~gafton hereunder or of the obligaYwn se- ~ cured hereby shall at any time thereafter be held to be a waiver of the terms liereoi or of the instrument securec! herby. ~ 11_ In add:tion to the forego ng monrh!y paym~ms oF princ pat and inrerest required by the ~om~ssory no!e secured hereby, mortgagor covenants and agrees to pay to mortgagee ~nith each mon~6ty pay~.~ent an add~rionat sum est~mared by morrgagee to be equal to 1;'12 0£ the annual cost of the follow- } Ing: A-A!1 reat properry taxes (evied or assessed against the atrove describcd rral estate. B-Premiums on iire and windstonn ~nwracce as herein requ;red to be carried en the :mprovemeats s+tuate on the above described premises. C-Premiums on such mortgage guaranty insurar,ce as mortgagee shatl irom time to time deem fit to carry on the ban secured he~eby. Mortgagee shai! from hme to reme nol;fy mortgagor ;n writing of the amount due and payabte hereun~r and such sum shall thereupoo be due and Fa~able on the due date of ~he next monthty payment and eacfi successive month thereafter urtil mor~gagee shall nolify mortgagor of a change in such ~^~.o~nt. Such sums shall be applied by mortgag~e toward the payment of real properiy taaes, insurante prer»;ums, and mortgage guaranty insurance premiums. IN WITNESS WHEREOF, the yid MORTGAGOR has hereunto set his hand and seal the day and year first aforewid. ~ ig~ed, Sealed and deliv red in the prexnce of: C ~ ~ ,n ; t J~o n W. White cs~an , ~ lf.~ lseaq ; _ ~ Elsie / M. ~White ~~ag i I STATE OF FLORIDA ~ ~ co~Nnr oF St. Lucie i ~ Before me penonally appeared JOhri W. ~1tQ a~ ; Elsie M. White his wife, to me well known and known to me to be ri,e Fnd;viduals described in and who executed the foregang instrument, end ackrwwledged before me that they executed the same fw the purposes i therei~ expressed. And tM said Elsie M• ~1~t@ ` wife of the said JO~I1 w. ~l~te upon a separate and private ~ exam~nation by me taken xparate and apart from her said husband, acknowledged to and before me that she executed said instrume~t freely and volun- ~ ~ar~1y and witFwut any compulsion, constraint, appreix ' fear of or from id husband. - ! WITNESS my hand and offic~al seal thi day o J A D. 19 73 ~ t ~ ~ ~5 +;{y.oti:~: t Notary Public in and for the State of Ftorid~r'11~4apa ~ ~ , My Commission expires: p ` ' ~i~ Return To: ~'„i ~ First Federal Savings 6 loan Association ~ _ • ~ . ~ _ ^ Qf Fort P:erce. . ~ }r c ~ ~,TF f ~CRIL'~et i~^~` 1~~' ~ • ` - Fort Pierte. Fiorida ~ 1.~,t.., ~ . , ~ S f = 7`~~ lt i 1Q t~ ` 1- _ . . . s_.3 _ ' ~ ~ n ~ . J c.1 ; ' ~ `i : ~C' ~ i ~ . ~1 ' ii~ • • ~ This Instrument Prepared By JOhri W. Collins - ' . ~~~fi,s'~': ~r'~F~~~` First Federa! Savi~gs 8~ Loan Association '~~~iir;,~;,,,,,~'~`~~~ of Fort Pierce , Rlorida F~LEi~ r+.~ ~~'~'Y F~A. ~ ' : `.I*'"? St_ ~UC i~~~,~! ~ ~Sy ~ i ` Checked BY M*~ _ _ ^.t C1.~ . ~ ~ . € u R ~ ,j~,1~ ~ 36 i S 25'7Q90 a~oK 215 yac.1450 f js ~ ,~5 _ : - ~ . , ~ ; ~ ~ w~ ~..;a;S. Y n~~ 4~ _ c 5 Y~.~ ' ~ ' ~ . ~ ~h~