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Home My WebLink About1616 ' • , To plac~ ~nd continuously ke~p on ~he bu~'d~ngs now or Mreafter ~itu~lt on sa~d land and on all cquipment ~nd perw~ally covered by this mo+ty- ag~, wilh al) p~emiums thereoe? pa~d i~ full, lire insurance ~n the ususl itandard po~ity 1pm, in ~~um app~oved by the MORiGAGEE, and wi~datorm in;Yf~Mf in tM u~wl ~~andard pol~cy fam, in • sum approved by the MORTGAGEE, in tuch compa~y a co~+p+n~es a~ ~h~ N~ORTGAGEE may direcl; and all fir• and w~nds~orm irtsurance po~~ues a? ~nY of so~d b~?i1d~~pi, ~ny i~te~sst thtrei~ or pu1 theraot, tn fh! aggre~~tt ium aforeiaid w ~n exceu thereof, shall conuin the usval standard mal9agee daute w such othsr clauw a~ tM Ma~papN ~n+Y req~u~, m~kinp tM loss unJe~ ~a~d po1F cies, exh •nd eve~y, paYabt~ fo said MORTGAGEE at ~ta intereil may appear, ar+d each and evay tuch policy fhall be promptly ~u gned and dalivered to ~ •ny held by s~id MORiGAGEE as further ~ecurity to said ~+wtyaye debt, ~nd, ~+ot leu than ~~n (10) d~ys in edv+nce of tM •:pir~t7on of each policy, to da I~wr fo uid MORTGAGEE a re~ewal rhereof, 1o9~ther wifh a ~~c~~pt ior tAe prem~um oi ~vch ~enew+l: +nd ~hers sh~ll b~ no f~re o~ windsto~m insursnc~ _ placed on any of sa~d buildings, ~ny intaeit thHacn or p+rt thersoF, unlsu in tM fwm and with tM low psy~bl~ as afaesaid; and in the event any sum ' of money becomes payable ~nder tuth policy a policies taid MORTGAGEE shall havs ths option to receive and ~pply th~ sam~ a? +c~a+~~ of the indebced ! nesa secured hereby a to permN said MORTGAGORS ~o receive and us~ it or any pa~t thereof fw othe~ pu~poses, w~rhout tha.eo~ waiving or ~n,pair- ' ;ng any equity, lien w right under a by virtw of Ihis mor!gags; ~nd in the svent iaid MORTGAGORS shall fw sny reason iail to keep the said premises so insured, or f~il 1o deliver promptly any of said polic~ea of iniu~ancs lo said MORTGAGEE, a fait promptly to pay fully any premi~m therefw w in a~y respect fail ro per(orm, discha?ge, execute, eifect, comptete, comply wirh and abids by ~his cov~nant, w+ny part haeof, said MORTGAGfE may p~ace and paY (a such insurance or any part thereo( withoul waiving w sffecti~g any option. lien. equity, w righf under w by virtue of this Mortgage. +nd the f~ll amount of each aad every such payment shall be imnxdiatety dw aod payable •nd thall be+r intere~t from tM datt thereof umil peid ai the rate o1 nine pN centum pa annum and to~e~har with tuch inte~est shall be secured by the lie~ of this mwtgaUe. To permit, commit w suffer no waste, impairment or deterior~twn of said properry a any p~rf ihereof. ~ 5. To p+y alt and :inyula tl+e costs, charges and expenses, including s~easonable atro.ney i fee and co:n of abstracta of title, incur?ed w paid at any time by said MORTGAGEE, bccause a in ~he event of the failure a? the part of ~he said MORTGAGOR to duly, promptly snd fully per(um, diuharge, ~ execute, effeet, compkte, coa+ply with and ab:de by each and every the atipulafions, agreement~, conditions, ~nd cov~nan~s of said promis~ay note and this mortgay~ any or ~ithe~. and uid cosb. char9e~ and expenses. e+ch and every, shall be immediately due ~nd payabte: whether or not there be notice de ~ mand, sttempt to cotlect a wit pending; and the full amount of each_and every such paymenl ihalt b~w intmest from the date thercof until p~id at the ; ~,re of nine per centum per anuum; and all said costs, charges and expenses inturred or paid, togNher with tuch i~terest, shall be setured by the lien of thi~ mwtps~e. 6. That (a) in the event of ~ny bresch of this 1Nortgage w deiaul~ on the parf of the MORTGAGOR, or (b) in the event ~ny of sa~d :~ms of money he~ein refe~red to be not promptly a~d fvlly paid within thirty (30) days next after the same uve+ally become due and payable, withoul demand w rwtice. or (c) in the event each and every the stipulatio~s, sgreementi, condifions and covenants of said promissory note and th~s mortqage any a either are nol iuly, promptly and fully periwmed, d~xharged, execuied. e~fected, completed, !ompl~ed with and abided by, then i~ either w any such evee~t the said a¢ gregate sum mentaned in ssid promisswy note then remaining unpaid, with interest accrved, and all moneys secured hereby, ihsll become dve and pay- able fwthwith, or thereafter, at fhe eption of said MOR7GAGEE, as lully and compleiely as if all of t!x u~d sums of money were aiginally st~pulatrd to be pa:d on such day, anything in sa':d promisswy note w in this Mo?tgage ro the com~ary notwithstanding; and thereupon or thereafter at the op~~on of sa~d MORTGAGEE, wi~hout reo~~ce or demand, suit at law o~ in equity, therefore or 1Fxreaftcr begun, may be proxcuted as if all moneyt secured hereby nad matured pna ro in institution. 7. That in the event that at the beginning ot w at any time pe~ding any suit upon this Mortgage, w ro foreclose if, or fo refwm it, or to enforce payment of any claims hereunder, safd M1bRTGAt3fE shall apply to the Court having jurisd~crion ~hereof fw the appointment of a Receiver, such Gourt shall iorthwith appoinl a receiver of sa~d mortgaged proiperty all and singutar, includ~ng all and singutar the income, profin, iuues and rerenues from whateve? source derived, each end evcry of whrch, it being expressty unders?ood, is hereby mortgaged as if tpcci(iwlty set fwth snd destribed in Ihe p~anring and habendum dauses Aereof, and such Receiver shall have all the broad and effet:ive funcnons and powers in a~ywise entrusted by a Court to a Receiver, and s~ch sppointmrnt shall be made by such Court as an admitted eq~iry and a matter of •bsolute right to said MORiGAGE~, ~nd without reference to the edequacy or inadeqvacy of the vatue of the property mortgaged or to the wtvency o~ insolvency of ssid MORTGAGOR or the defendants, and ?hat such rents, profits, income, iuues and revenues shall be applied by auch Receiver according to the lien or equity of sa~d MORTGAGEE and the practice of such Court. 8. To duty, promptty and fully perfwm, discharge, execute, effect, complete, comply with and abide by each and every the stipulations, agrcements, : condit'wns artd covenants in sa~d promissay note and this mortgage ut fwth. 9. That in the event tFro ownersh~p of the mortgaged premises, w any part thereof, becomes veated in s person other than the MORTGAGOR, the h",ORTGAGEE, its successors and augns, may, wi~hou~ notice to the MORTGAOR, deal w~~h such succeuw a successor i~ interest wi~h reference to this mortgage and the debt hereby secu~ed in ihe same manner as with Mortgagor withoul in a~y way vitiating or dixharging the Mortgagori liability herr ~nder or upon ~he debt hereby secured. No sale oi the prem~ses Ixrcby mortgaged and no forbearance on the pan of the MORTGAGEE w its successws or assigns and no cztension of the time fw the payment of the debt hereby secured given by the MORTGAGEE or its successors w auigns, ahall operate ro release, d~scharge, modify change a affect the org~nal liability of the MORTGAGOR herein, either in whole w in part. 10. It is spec~fically agreed that time is of the essence of this contran and that ra waiver of any obligation hereunder or of the obligation se- cvred hereby shall at any time thereafter be held to be a waiver of tF+E terms hereof w of the instrurt+ent secured herby. 11. In add~tio~ to the forego'rx~ monthly payments of princ'pat and interest required by the prom~ssory note secured hereby, mortgagw tovenants and agrees to pay to mortgagee n,ith eath monthly payrnem an addrt;onal sum eaLmared by mortgagee to be equal to 1/12 of the annual cost of the follow- ~ng: A-All real property taxes lev~ed w auessed agaiost Ihe above described real estate. B-Premiums on fire and windstorm insurance as herein requ~red to be carried on the improvemeMS sitvate on the sbove described premises. f C-Prem+ums on such mortgage guaranty insu~ar,ce as mo+tgagee shall from t:me to time deem fit to carry on the loan aecu~ed hereby. f Mortgagee shall from t~me to time notify mortgagor in writing of the amount due and payable herevnder and such sum shall thereupon be due and ! ~.ayable on the due date of the next monthly payment and each successive month thereaiter urtil mwtgagee shall notify mortgagor of a charge in such ; ?r.,ount. Such sums shall be applied by mortgagee toward ~he payment of real property tazes, insurance prem:ums, and mortgage guaranfy insurance ' premiums. 4 IN WITNE55 YIHEREOF, the said MORTGAGOR fias hereunto set his hand and seal the day and year first aforesaid ~ Signed, Seated and delivered in the presence of: ~ + ~ j ,~/1i?v,~ Seaq 4 ~ ~a~ i ~ l5eap i SiATE OF FLORIOA 1 ~ COUNTY OF St . I-UC1e ~ ~ ; ~ Before me personally appeared Charl~ W. Randhan, Sr. and ° Electa Raith Randhan his wife, to me well known a~d known to me ta be ~ the irwivid~als desuibed in and who executed the foregang instrument, and atknowledged before me that they executed the same for the purposes i ~ therein expresud. And ihe said E1 ecta F87 tti Ran~han ~ wife of the ~~a - Charles W Randhan, Sr. upon a separate and private ~ exam;nation by me taken separate and apart from her said husband, acknowledgeddo and befwe me that she exetuted said instr~ment freety and votun- z x~~,: rarily and without any computsion, constraint, apprehtnsion fesr of w from her said husbsnd. + ~ WITNESS my hand and officiel seal this dsy of June A. D. 19 73 - G % ~ = fIIED AMD RECOROE9 ~ ; _ :T.LUCIE COUNTY ft~ No~ary Public in and fw.t}~e State'of Florida at lar~e ~ ~ ROCf R PO{TRAS My Comm~u~on expirex • ; Ret~rn To- CIERK CInCU1T COilRT ~ ' RECORO vERIFIEO ; ~ First Federal Savirgs d. loan Association . S;„lE ot FtOR1U~ a~ ?~'k4~ ruc. • )AN. 7 1977.~:e.a+r~~r:~ , tii Of Fort P;erce. ~ ~]j~ ~ ~~w R~~ , .~N FJiP1RES ~ ` ' ~r, ' ~ i fort Pierce. Florida ~V n ~ ?~n ~n~s ~ ~ , ~`~if l~ ~ ~(.;~.3 GJ '.:CG: \l ' ~ ~ %y ~ ~.raJ~~~ ! ~ • . . ~ ~ _ ~ V•. • ; % • F V~ ~ y v _ : . a..~r~ - ` ` v - . u; _ - - - ~ ~.~iF k;;a This Instrument Prepared By Richard K. Kayes = y; First Federal Savings 8~ Loan Association : Q 8 j c`,~ Fort Pierce~ Florida = ; ~ 4. - ~ ~ fa ~ ' . ` ii` E~ 'n. ~ C{1@C{CE'd B , C r'i'~ • • ~4 . ; ~ 'i~ ~ ~ ~ ~2t5 ' ~ _ _ - - - - - - - ~ ~ . , ~ ~ _ _ . _ . . _ - 4_ _ . _.~~:z~