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Home My WebLink About1566 ' . . 3. To plx~ and continuouily keap on rhs bvl:d;nQs now a Mreaft~r ~it~~h o~ s~id land and on all equipmant and personally cov~red by ~his matg~ p~, with all premiums ~hereon pa~d in full, fire insuranc~ in tM ~sual s~anda~d polity (orm, i~ ~ ~um ~pp~oved by ~he MORiGAGEE,'ind windstwm insur+e+c~ in tM usu~t •~anda.d pof~cy torm, i~ •:um approvQd by tht MORTG11Gff, Fn wch company w compan~ei as ~M MORTGAGEE may di~Klj a~d all fi~~ and wind~torm i~surance policias on any of taid build~npf, ~ny inte~es~ fhere~~ o~ parl the~eof, in tM a9gre9at~ sum eforesatd w in txceu Iheraot, shall contain ~hs u~u~l stsndard matgage~ cl~uss a such otlw~ ctavse ~s IM Mat9a8ee may requ~re, makinp tM iou unde. ~s~d pol4 c'eei, each ,nd eve.~, p~yable to said A1pRTGAGEE as iti in~ere~t may ~ppear, and each and ~vc~y ~uch policy shall be prompHy ~u.g~ed s~~d delive~ed to •~y heW by said MORTGAGEE ~i (u?ther seturity to said mortyage dab~, ~nd, not leu ~Mn ten (10) days in advance o( tM expira~ion of e+ch policy, to da IivN to uid MORTGAGEE s renewal thereof, toparhtr with a rete7pt (or ths p~emivm of such rancwal; and ~here shall bs ~o f~re or wind~to~m insuranc~ pi~ced on any of said buildingi, ~ny internt thereie a p~?t thereof, unleu in tM form and with tM loss payable at afwesaid; and (n the eve~t a~y ~um of money becpnea paysble unde? such policy w polKies said MORTGAGEE shatl Mve ~he option to recelve and apply tha iame o~ account o( tM indebted nsu securtd hereby or to permif said MORTGAGORS to reteivs and vs~ it p any pa+t thereof for Othe~ purposes, ~v~~hout Ihareb~ waivi~i~ or impair• Inp any equity, lien or right under w by virtw of ~is r2Qrt~aye; ~nd in tM evem ta~d MORTGAGORS slwll iw any reason fail fo keep Ihe said premisas w insured, or fai: ro delive. pramprly any oi uid polKiet of ;nswance ~o sa;d MORTGAGEE, w fait promptly to pay tuily •ny pre~n~um therefor w in ~ny respect fail to perforrr~, d~scharge, execv~e, effect, complete. comply wieh and ab~ by this covenant, o. eny part he~eof, sa~d MORTGAGEE may place and pay fw suth insurance w any part thereof withou~ waiving a affeding any option, litn, eqvity, w~ighe undcr or by vi~tw oi this Mwtgape, ~nd fht full amount oi each and every such payment shall be immediately d~e ~nd payable ~nd shall bear interesl irom the date tFu~eof uMil paid at the ~ate of n~ne pe~ centvm psr an~~m and togelher with such intereat shall be secured by the lien of this mortyage. 1. To permit, commit or suffer no waste, impairmeM or deterarotion of tsid property o~ sny part thereof. 5. To pay all and sinpulu tf+e coars, tharges and a:pmxs, including a reasonable attor~ey i fes and cosb of abstrocts of title, incvrred o~ paid at any time by faid MORTGAGEE, beca~se w in the event of Ihe failure on the part of ~he said MORTGAGOR ~o duly, promptly and fuliy perfwm, d~scharge, execute, effeei, complets, compty w~th and ab:de by each and every the stipulationi, agreements, conditions, and covenants of sa~d prom~xswy »ote and ~his mortqage any p ei~hei. and sa;d cwb, charges and expenses, cach and every, shall be immediately dve and payable; whe~her a not there be notice de~ mand, attempt to collett or suit pending; and tM full amo~nt of each and eyery such payment shall bea~ interes/ fro~n the dste thereof untit paid at fhe rare of nine per centum per ennum; and all said costs, cha~ges and expensei 7ncui~ed o~ pa;d, ~ogather w~fh such inte~est, ihall ba secured by the lien of th~~ morfgag~. . 6. 'fhat (a) in the evenl of any brexh of thi~ Mor~gage or default o~ the part of the MORTGAGOR, w(b) i~ the event any of said sums of money herei~ referred ro be not promptly and futly pa~d within th~rty (30) days next afrer the same seve~ally become due and piyabts, without demand o~ notice. or (d in tha went each and ave?y the s?ipulations. ag~ecments. conditions a~d covenants o1 sa~d promiuory note and ~h~i mortgage any w either ere not iuly, promptly end fully perfwmed, discharged, executed, eftected, tompleted, complied with a~d abided ~ay, then in e~tber or any such eve~t the said ag- gregate wm rrknYaned in said p~omiuwy note then remaining unpaid, wi~h interes~ accrucd, and all moneys secured hereby, shall become due snd pay- a6te forthwith, o~ thereafter, at fhe option of said A10RTGAGEE, as fully and completely as ii atl of the said sums of money were wginally tt~pulated to be pa~d on suth day, a~ything in aa:d prom~ssary r+ote w in this Mortgage to ~he cont?ary notw;thstanding; and therevpon or thereafter a~ the option of said MORTGAGEE, without notice w demand, svit at law or in equity, therefae or thereafter begun, may be prosttuted as if all moneys secured hereby had matured pnw to its institutan. 7. That in the evenf that at the beginning of or st any time peoding any suit vpon this Mortgage, or Io foreclose it, or to reform it, or to enforce paymeM of any claims hereunder, said MORTGAGFE shsll apply to the Court having {urisdidion thereof (w the appointment of s Receiver, such Court shall Forthwith appoint a?eceiver o~ said mwtgagcd propcrty all snd sinyu~ar, inctud~ng atl and siogular the ineome, profits, iuuea and revenues from whatever source derived, each and every of wh;ch, ;t be~ng expressly unders~ood,- is hereby mo~tgaged as if specificafly set fath and dexribed in the granting and habendvm clauses hereof, and such Rcceiver shall have all the broad and efiecrive funct~ons and powert in any-rvise entrusted by a Court to a Receiver, and s~ch appointment shail be made by such Cowt ai an admitted eqvity and s matter of absolute right to said MORTGAGEE, and wifhovt reference to the adequaq w inadeqvacy of the valve of the properry mwlgaged or to the wtventy w insolvency of said 1NORiGAGOR or the defe~dants, and that such renes, profits, irxome, i~sues and revenues ahail be applied by such Receive~ according to the tie~ w equity of aaid MORiGAGEE and the practice of such ~uA. 8. To duty, prompNy snd fully perform, discharge, execvte, effect, complete, comply with and abide by each and every 1F?e stipulations, sgreements, condit'ans and tovenams in sa~d promiuwy note u~d this mortgage set forlh. 9. That in the event the ownership of the mortgaged prem~ses, w any part ti~e?eof, becomes vested in a person other than fhe MORTGAGOR, fhe h~ORTGAGEE, its successors and assigns, may, wirhout notice ro thr MORTGAOR, deal wi~F~ such successor w successor i~ interest with reierence to thi~ mortgage and tF?e debt hereby secured in the wme manner as with Mor~gagor. without in any way vit~ating p? dixharging tl+e Mortgagors' liability here- under or upon the debt hereby secured. No sale o( the premises hereby mo~tgaged and no forbearance on the pari of the MORTGAGEE or iri successors or assig~s and no extensio~ of tF~e time fw the payment of thc deb~ hereby secured Qiven by the MORTGAGEE or its successors or auigna, ~hall operate to reltase, dixharge, modify thange w afiect the original Iiability of the MORiGAGOR herein, either in wlwle or in parf. 10. It is specificaliy agreed that time ia of the esxnce of this contract and thal no wa'rver of sny obl;gafeon he~eunder w of the obligaYan se- cured hereby shall at any time thereafter be held to be a waiver of the terms hereof or of the instrument secured herby. I1. In add~tion to tha for~o"~g monthly paym~nts of princ pal and interest required by the promiswry nore secured hereby, mortgagor covenants and agrees to pay to mortgagee with each mont6Ey payrnent an adddtional sum est~msted by mwtgagee to be equa) to 1/12 of the an~ual cost of the follow- ing: A-All real property taxes levied or assessed against the abose described real estate. ' B-Premiums o~ fire and windstorm ~nsurar.ce as herein req~;red to be carried on the imp~ovements situate on the above described premises. C-Premiums on such mortgage guaranty insurar.ce as mortgagee shatl from t~me to time deem fit to carry on the loan secured hereby. Mortgagee sha}! from time to t;me norify morfgagor in writing of the amount due and payable hereundrr and such sum shatl thereupon be due snd payable on the due date of the next month~y payment and each successive monlh thereafter ur.til mortgagee shall notify mortgagor of a change in s~ch amount. Such wms shatl be appiied by morfgagee toward the paymem of real property faxes, insurance prem:ums, a~x! mwtgage guaranty insurante p~emivms. tN WITNESS WNEREOF, the said A!ORTGAGOR has he~eunto set his hand and seal the day and year first aforesaid. Signed, Sealed and deiivered in ihe presence of: ~ 0 . C W8 SeaA ~ (Seaq Sea~ 8a S . Wd Sea4 STATE OF ftORIDA ~ couNnr of St • Luc ie u- eefore me peraonally appea~ed Howard D• Sehwab a~ Rasalinda M. Seh~rab hi: w~fe, to me well known a„d krawn to me to be the individuals desc.ibed in and wFa executed she for ang instrument, and acknowledged befwe me that they executed the same fw the purposes rhere~n expresxd. And the said Rosal i t~a M. 9ehwab rv~fe of the said Howard D. Sehwab . ~~~;~~te.aqd'qivate " examinaYwn by me taken separate and apart from her said huaband, adcnowledged to and befwe me that she exesuted said inttru,tiqe c~e~( ipd• volyif- ra.;ly and without any compulsion, constraint, apprehension~ or fear of or from her said husband. June ~ a. . 3 WITNE55 my hand and official seal thi: day of ~ p_Vq~ ~ . Notary Public in aod for tFro State pf~ fJori~ a1p.~u ~ .~';3~ F~ My Commiuion expues: 1., _3i.~ss- ~ `•i ; Retum To: f (L Fint Federsl Savings 3 loan Association z~1s ~,i• ; ` t'~-: ~ ~ •~t ; . Of Fort P:erce. ° { { n 1 ' ~ _ . . fqrt pierce, florida f I.ED AND RECoROEo ~ f ~~.wciE couN~rr f~~1. ; ; n . ROCFR r"~l:RAf _ ' ~ CIERK Cl~CU1T COURT This Instrument Prepared By ThomaS A. DriSCOll RfCCR~ YE~~F~EO~~_ ~irst Federal Savings & Loan AF O~ =ids~ ~ ZO " 51 M~• 3 of Fo e ~ Checked y ~ I - ' cf - ; ; - - - - ~ ~E , ~`'~.~j ~ ~ L~ r _ ; ~ ~ ~ ~ ~ _~rr ~~.2°k.`'f - '':~S . -~f '.~Y.'•FY.?_7~.r..i:'e