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Home My WebLink About2054 3. To plece and continuousty keep on 1he bu~:d~ngs now or hrreafter ~ituate on sa~d tand and o~ all eq~ip~nenl and personaily covered by th~s matg- sgs, w~th all premiums lhercon pa~d in full, tire iniurance in ~he u~ua! siandard po~icy (o~m, in ~ sum approved by the A10R~GAGEE, and w~nda~am insura+ue in tM usual •undard pol~cy (orm, in a sum appro~ed by tM MORTGAGEE, in such company or compan~es af the MORTGAGEE may direct; ~nd all firs a~d w~ndstorm insure~ce po~iues on any of said build~ngs, eny in?ereat therein or parl thereo(, in the aggrega~e sum aforeiaid w in ~xcess thereof, shall contain the usual ~tandard mortgages clause or such o~her clauw as the Mo~tya})ee may requ~re, makin~ the ~oss v~drr ~a~d pol~ cies, each and every, payab~a to said MORIGAGEE es ~~s ~merest may appear, a~xl each and every iuch po~icy ~hall be promp~~y ass gned and del~verrd ~o eny held by ta~d MOR(GAGEE as tu+ther secur~ty to aa~d morigage debt, and, no1 leu tMn fen (101 days in advance of the e:pirat~on ol each po~icy, to da liver to said MORTGAGEE a renewal the~cof, together witA a receipl fw the premium of tuth renewal; and fhere shall be ~o f~re o~ windsto~m insursnce placed on ~ny of sa~d buildings, sny interesl there~n or part tlureo(, unless in the form and with the loss payable at atoresaid; and in the evenl any sum of money becomes payable under such policy a polKies said MORTGAGEE shjll have the option to receive and apyly tho same on account of the indebted- ness secured hereby o? to permit said MORTGAGORS to receive and use if a any pa~t thereoF fw oti~cr pwposes, with~ut tha+cu~ wa~vi~,3 or unpau- ing any eq~ity, lien a right u~der or by virtue of this mo:tgage; and i~ the event se~d MORTGAGORS shall for any ~eato~ iail to keep 1he said premise~ so insured, a fail to delive~ promptly any of said policies of insurance to sa~d MORTGAGEE, or iail prompt{y to pay (utly any p~e~~~~um therelor o~ in any respect feil to perform, discharge, execute, effect, comptete, tomply with and abide by this covenant, a sny part hereof, ~aid MORIGAGEE may place a~.d pay fw such insurance or any part thereof without waiving w eifecting any option, Gen, equity, or right ~nder w by vi~tue of this Mwtgage. •nd the full amount of each and every such paymrnt shall be immediately due and payable and shall bear interesf from the da~e thereof until paid st the rat~ ol nine pe~ centum per annu~n and to~ether vvith such inte~est shall be securrd by the lien of Ihis mortgage. 1. To petmit, commit w suffer no wasfe, impairment a deterioration of aaid property w eny part fhereof. 5. To pay all and singuta~ tFx costs, charges and expenses, ~ncluding a reasonable atiorney's fee and costs of abstracts of •titie, incur.ed ar paid at any ti~ne by wid MORiGAGEE, because w in the eve~f of the failu~e on the pa~~ of the said MORiGAGOR fo duly, promptly and fu~~y perform, diuherge, exrcute, effett, compiete, comply w~~h and ab:de by each and every ~he stipula~ions, ag~eemenfs, conditioni, and covenants o~ said p~aniswry note and this mortgage any w either, and sa~d costs, charges and expenses, each and every, shall be immediately due and payable; whether or not there 6e nor~ce d~ mand, attempt to collett or suit pending; and the fvll amount of each and every svch payrtr_nt shall bea. interest from the date thereof until paid al ~he ra~e of nine per centum per an~~urn; a~~d all sa:d costs, charges and ez}~enses inturred or paid, lagether w~th such interest, shall be secured by the lien of ihif mortgage. ~ 6. Tha~ (a) in the event of any breach of this Mwtgage or defaut~ on the part of the MORTGAGOR, w(b) in ~he event sny of sa~d sums of money herein referred to be not pronrptly and fully paid within th~rty (30) days next af~er the same severatly become due and payable, wiihout demand or notice, or (c) in the event each and every the stiputat~ona, agreements, condieions and covenaros of sa:d promiswry note and th;s mortgage any pr either are not ~y}y, promptly and fully performed, d~scharged, executed, effeUed, completed, complied with and ab~ded Sy, then in either or any such eve~t the sa~d ag gregate sum mentioned in said promisswy nore lhen remaining unpaid, with interest accrued, and a11 moneys setured hereby, ahall betome due and pay- ab~e forthwith, or thereafter, at the opt~on of said MORTGAGEE, as fully and complNely as if all of the said sums of money were originatly sripu:ated ro be paid on such day, anything in sa:d prom~ssory note or in this Mwtgage to the conerary no?w~thstanding; and thereupon a thereafter a~ the opGen of sa~d MORTGAGEE, without ~o~ice or demarrJ, suit et ~aw w in equity, therefore or thereafter begun, may be proxcuted as if all moneys secured hereby hed matured {x~w to its inst:sution. 7. That in the event that at the bcyinning of or at any tirne pending any suit upon this Mortgage, w fo foreclose it, or to reform il, or to enforce payment of any claims hereunder, said MORTGAGEE shatl apply to the Ceurt having ju~~sd~ction thereof for the appointment of a Receiver, such Cou~1 shall io~thwieh eppoint a receiver of said mortgaged ptoperty all and singular, includ~ng all and singu~ar the income, prof~ts, issues and revenues fram whatever source derived, each and every of whKh, it being expresaly understood, is Aereby mortgaged as if spec~~ically set fwth and described in tlx granting and habendum clausea hereof, and such Receiver shaii have all the broed and effettive Funct.ons and powe~s in anywise entrusted by a Coyrt to a Receiver, and :~ch appointment shall be made by such Court as an admitted equity and a matter of absolute right to said MORTGAGEf, and witho~t reterente to the ade uac a inad uat of the val~e of the ro rr mwt a ed or to the w~venc or insolvenc of said MORTGAGOR w the defendants, and that such ~ 9 Y ~ Y P pe Y 9 9 Y Y : re~rs, profits, income, issuea and revenues shall be appf~ed by such Receiver accord~ng ?o the lie~ or equity of sa~d MORTGAGEE and the pracrice of such ~ i Court. 8. To du1y, premptly' and fully perform, dixharge, execute, effect, complete, comply wirh and abide by each and every the stipulations, agreements, ccnditions and covenams in sa~d promissory nate and Ihis mortgage set fo?th. 9. TFat in the event the ow~ership of the mo~tgaged premises, w any part thereof, becomes vested in a person other Ihan the MORTGAGGR, the h'ORTGAGEE, its succeuors and assigns, may, without no~ice to the MORTGAOR, deal with such successor o~ successor in interest with referenca to this mortgage and the debt hereby secured in the same ma~ner as with Mortgago~ w~thcut in any way vit~ating or d~scharging the Mortgagori liability herc under a upon the debt hereby secured. No sate of the Fremises hereby mo~tgaged and no forbearance on the part of the MORiGAGEE or its wcce:sors or assigns and no eate~sion of the t~me Iw the payment of the debt he~eby secured g~ven by t~e MORTGAGEE or its successors or ass~gns, ahall operate rc release, discharge, modify chartge or affect the original liabil~ty of the MORTGAGOR herein, either in whola or i~ part. 10. It is specifically agreed that time is of the essence of this con~racl and that no waiver of any obligation hereunder or of the obiigatan se- cvred hereby shall at any time thereaffer be he:d to be a waiver of the terms hereof w of the instrument secured herby. 11. In add~tion to 1he forego'ng montnfy payments of princ"pal and interest required by the prom:ssory no!e secured hereby, mortgagor covenants a~~d agrees to pay to mortgagee v~:th each morth'ry pay:ne:d an add~:ional sum esnn,afed by mort~agee to be eyual to 1,' 12 of the annual cost of the follow- ,`g: . 3 A-Atl real property taxes levizd or assess~•d agai•~st the above desv~bed real estate. B-pramiums on fire and windstorm insuracce as herein requ:red to be carried an tne ~mproveme~ts s~tuate on thc above described premises. C-Premi~ms on suth mottgage guaraNy insurar.ce as mortgagee shall from t:me to time deem fif to carry on the ban secured hereby. Nortgagee sha!1 f.om ti~»e to tinee notify mo.tgagor wr~t~ng of the arr.o~~t d~e and payable hereunder and such surn shatl thereupon be due and ; jyable oo the due date of the next month:y payment and each successive momh tnereaher ureii mongagee shall tify mortgagor of a change in such i ~^~ount. Such sums sha~l be appi~ed by mortgagee toward the payment of rea! preperry taxes, insurance prem.~ , and mortgage guaranty insurance j p~emiumi- - ~ ~ IN Y~ITNESS V~HEREOF, the sa~d MORTG4GOR has hereunto set h~s ha~d and sea~Yf~ie day~ and ye31 first afo wi~l. ' ned, Sealed and daliver in the presence of: - ~ , ~ ' ~ - Sea4 ~ Dixie Gentzy~ a sin 1 aduj~q - ~ _ (Sea4 ~ _ (Ses4 a S'ATE OF FLORIDA ~ St. Lucie ~ ~ ~~UNTY OF ~ - Before me personally appeared D1X1@ Gentry, a sinale adult ~~~~~~~~~~~~~~~~~~~~~r~~~~a~~~~~~~~~r~~~~~~~~~~~~ s~a~~~~~, to me well known and known }O MC 10 bQ ~ the individuafKdesuibed in and who executed the foregoing instrume~t, and acknowledged before me that ~executed the same for the purposes the~ein !J(PflSSld. ~~~1~~~1~~~~~r~~~a~~~a~~~~~~r~~~a~r~~~~~~~~~~~~~~s~~~~~~~~~~~r~~~~~~~~~~~~~ ~ fii~bT~F4!'f~fA'•~~~~~~~~~~~•~~~~~~~~~~~~~..~~~~~~~~~~~~~~~•~~~•~~~•~~~~~~~~~p~t*ApA?a?~end~pMVats~ ~ a7tahlT~f~b71bS~'1HL1d~~h~3~pbIS$~1SdS~5RT1SiRTl1~~iQ71~7lQalld'8lkRdGv~tlc,~aTo•dl~~lfalrElF0.~~f'!1~lrl~l4lGfEal~It!'iff~lffIItfh.4lf'fYNt19'Atl"~Ibt~lF~ n+rM~wwl~AiAes~w7ten+peMer,rea+rrei~x~spp~eHe~sla~ro~iea~ehafsfw~+*e.+isld~iw~wdf ~ WITN~$~S~?7fy `~iand- aad official seal this_ 18th day of `~~e A. D. 19 73 - ~ - ~ , ~ _ _ ' ~~.p./t-yvt~ ' . Notary Public in and tor t tate of Fbrida at large ; , ~ G~, i-~." ~ ~ ' My Comm~ssian expires: E~ : ~:a Return~ To: : - 3< fitst F}der~t~56'yjqgv ~ lo=n Associatio~ • d ~+1~ ;;i: : or Fo« Naerr ~~a s~n of ftoaJ. ~rl.-~Pie~er_' fl~dA~~ ~ ~~...rniatiM ~P~~ ~0• IYJ~ ~ ` ~ i ~nd~d 6y ~^uicee fin b Cos~'°it1~ ~ - r.~ i ~ ~ _ ry; fIlEO AtIQ RECORDEQ ;y, This Instrument Prepared By J• H. Robe2ts~ Jr. . ST.LUGE COUMTY flA. ~ First Federal Savings 8~ Loan Association ROCE~. %a~TRAS ~ `3 ,e~f~e~t Pierce ~ FloYida _ CLERK ~ .~CU?T COUIIT sf ~ RECOQn ~_p~F1ED ~ Checked ~ 15 4 2~ PM'73 ~ ~ ~ o a 05~ 25'7534 ~ eaeK 215 FncE 2 ~ ' dz w - - - - ~ , _ - ~ . ~r~ ~s- _ ; ' ~.x ~ >f s~ a~.~...:,~ w ,,w~ _ .s.,. ._r__~.~:~