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Home My WebLink About2318 3. To piace and continuovsly keep on the b~i'd~ngs ~ow or Y~eraafter ~it~ate on said ~and and on aft e~~ip~neM and pe~so~ally covered by this mortg- egs, with aN premiums thercon pa~d in f~lt, (ire insu~ance in the usual standard po~icy lorm, in a sum app~oved by the MORiGAGEE, snd wmds?o~m insurance in the usual standa~d pol,cy form, in s sum approved by tM MORTGAGEE, in iuch company or compan~es as ~ht MORTGAGEE may dirK~J and all lirs a~xl w~ndelorm insurance policies a+ any o( sa~d bu~~d~nqs, ~ny interesf 1hc~ein or parf tfinreo(, in ~he sgg.ega~e sum afpretaid o~ In exceu Ihereof, shall contain tM usual standard mortgagae clause or such othe~ clause +s Ihe Mor~gagee may rcqu~r~, maliny the losa u~dar ss~d pol~ cie~, each and every, payable to sa~d MORTGAGEE as ~ts iroereit msy appear, and each and every such policy tl+all be prompt~Y ats gned and del~verrd ~o ~ny he{d by said MORTGAGEE as further security to said n,o~~gage debt, and, not less ~han ten (10) days in advance oi the expiret~on of each pol~cy, to da liva 1o wid MO~iGAGEE • rtnewal thereof, tope~h~r wilh a receipt for tha premium of svch ren~wat; and ~here thall be no t~re or wind~w~m insurance placed on any oi wid bui!dings, any intercit lherein w part thereof, unless in the form and wiih ~F~e lou pavable as atoresaid; and in the event any sum of money bccomes payable under such policy w pol~cies said MORTGAGEE shall have ihe op~ion ro rec~ive and appty the same on atcoum of the ind~bted- ness secured he~eby a to permit sa~d MORTGAGORS ro receive and use it a any par~ thereof fo~ omer p~rposes, v~ohw~ ~h,~. u~ wa~~~~~7 0~ ~~~+p~~r- ing any eqv~ty, lie~ a~~9ht under or by virtus of Ihis mo:!gage; ~nd in the event wid MORTGAGORS shall fw any reason tail to kcep the sa~d p~emiirs so insured, w fail ro deliver promptly any of said policies of insurance fo sa~d MORiGAGEE, or fait promptly to pay f~ily any prem~~m therefw or in a~y respect lail to pe~form, d~scAarge, eaccute, effect, complete, comply with and ab~de by this covenant, or any part I~~cof, sald MORTGAGEE may place and pay fa such inwrance o~ any part thereof withou~ waiving or ~flecti~ aoy_ optiai, lien, equ~ty, w r~gM u~der a bv v~rtue of th~s Matgage, and thc full amounl of each and every such payment shall be immediafely due and payabls and ~hall bea. interest from ~hs date thereof un~il paid at ihe rate ol n~ne per ceroum pe~ annum and to~ethcr with suth interest shaH be stcurtd by the lieo of this mortgage• 4. To permit, commit oa suffer no wsste, impairment or detcrioration ot sa~d property a any psA thereof. 5. To pay all a~d singular the costs, charges and expenses, including a reasonable +ttwney's fee and cos~s of abst~acts of title, incurred or pa~d at any time by wid MORiGAGEE, because or in the eve~t of the failure on the part of the said MORTGAGOR fo duly, pramptly and fufly perform, discharge. zxecute, etfed, complete, comply with and ab:de by each and every the stipulairons, ag?eements, conditions, and mvenants of said promisswy note and ~his mortgage any o~ e~~her, and se~d costs, charges and expenses, each and every, ~hall be immediately due and payabte; wheeher a not ~here be ~o?~ce dr mand, attempt to cotlect a svit Pending; a~d the full amount of esch and erNy such paymem ihall bea~ interes~ from the date thereof until paid at 1he r~re of nine per centum per annu:n; arw all said coats, charges and expenses incurred p paid, togeiher w~th such interest, shall be secured by the lien of thi~ mongage. 6. That (a) in the event of a~y breach of this Mortgage or tkfault on the part of the MORTGAGOR, w(b) in the event any of sa:d sums of money herein refer~ed to be not promprly and fully paid wi~hin th~rry (30) days nex~ afte~ the same severally become due and payable, without demand or no~ice, or (c) in thr evenr each and eve?y the stiputations, agreements, conditions and covenants of sa.d promissory note and th~s rtwrtgage any w eithe~ are nol iuly, promptly and fully performed, d~scharged, executed, effected, completed, compl~ed wiih and ab~ded Sy, then in either w any such event the sa~d ag gregate ium mentioned in said p~anissory no!e then remaining unpaid, with interest accrued, and all mcneys secured hereby, shsll become due and pay- able fo~thwith, w thereafter, at the optia~ of sa~d A10RTGAGEE, as fully and complete~y as if all of the said sums oi money were or~ginatly it~pu~a~ed ro be pa:d on such day, anything in sa[d prom~sswy note w in th~s Mortgage to the com~ary notwiihstanding; and thereupon w thereaher at ~he option of ;a:d MORTGAGEE, without notice or demand, suif at Isw a in equity, therefwe a thereaf~er begun, may be prOStcuted as if all moneys secured hereby nad mawred pnor to ~ts instirution. 7. That in Ihe event that at the beginning of or at any time pendirg any suit upon this Nbrtgage, a to faeclose it, or to reform it, or to enforce paymeM of any claims here~nder, said MORTGAGEE shal! appty ro the Cou~t having juriedrction thereot for fhe appo~ntment oi a Receiver, such Court shail forthwith appoint a receiver oi uid mortgaged propeny all and singular, inclvd~ng at1 and s~ngutar ~he incon,e, proi~ts, issues and reve~ves from whatever source derived, each and every ot whEch, it being expressly understood, is hereby mortgaged as if spec~hcalty ut forth and dexribed in the g~aroing and habendum clauses hereof, a~d such Receiver shall have all the txwd and efiecr~ve funct:ons and powers ;n anyw~se entrusred by a Cou.t to e Recei~e~, and s~ch appointment sha11 be macir by such Cou~t as an admitted equity and a matter of absolute r~ght to said MORTGAGEE, and without re(erence to the adequacy w i~adequacy of the valve of the property mortgaged or to the so~vency or insolvency of said. MORTGAGOR or the defendants, and thal such rents, profits, income, iuves and revenues shall be appGed by such Receiver accwdmg to the lien or equity of sa~d MORTGAGEE and the practice of such Court. _ 8. To duly, promptly and fully perform, descharge, execute, ef(ect, complete, compiy with and abide by each and every the stipulations, sgreemenls, ccnditans and covenants ~n said promissory ~ote and this mortgage set forth. ~ i 9. That in ihe event the ownership of the mortgaged premises, w any pa~t thereof, becomes vested in a person other than the MORTGAGOR, the 1~'.QRTGAGEE, its succeuors and ass~gns, may; without ~otice to the MORTGApR, deal with such successur or successw in interest with reference to this morrgage and the debt hereby secured in the same manner as with Nbrtgagor vvithout in any way vit~ating w d~scharg~ng the hlortgagors' liability herr ur.der or upon the debt hereby sec~red. No sale of the Fremises hereby mortgaged and no forbearance on the part oi the ?hORTGAGEE or its suuessors or assigns and no extension of the time for the payment of the debt he+eby secured given by Ihe MORTGAGEE or its successors or aas~gns, siwl! operate rc release, discharge, modify change or affect the orig~nal liauifity of the MORTGAGOR herein, either in whole w in part. 10. It is specifically agreed . that tcme is of the essence of this contract and that no waiver of any ob~igation hereunder or of the obligaYan se- c~red hereby shali at any time tnereafter be held to be a waiver of the terms hereof or of the instrument srcured herby. 1 L!n add,rio~ to the foregang moMhly peymems of p:inc pal and interest requ~red by the prom ssory note secured hereb~, mortgagor covenants c~d agrees to pay to mo:tgagee v~~th each momhiy pay~r.ent an add~~ional sum est~mated by mortgagee to be eq~a~ to l,' 12 of the annual cost of the follow- "'g: A-All rea~ property taxrs le•ned or asses:ed agai~st thc above descri~ed real estate. B-Prcmi~ms on f~re and windsrorm ~nwrar.ce as here'~n requ~red to be carried o~ the improveme~ts situate on the above described premises_ C-Prerniums on such matg,ge guaranty insurar~ce as mortgagee shail from. t:me to time deem fit to carry on the loan secured hereby. Mortgagee shall irom time to time notify mortgagor ~n wr~t~ng of the a~nount due and payable hereunder and svch sum shall thereupon be due and ~ c,ayable on the due date of th> next mooth:y payment and each successive month thereafier ur.til mortgagee shall notify mo%tgagor of a change in zuch E ~•~~ount. Such sums shail 5e app!ied by mortgagee to•~vard the payment of real property taaes, insurance prem.ums, and mortgage guaranty insurance ~ p~emiumt. - ~ IN YJITNE55 ~L'HEREOF, the said MORTGAGOR has hereunto set his hand and seal the day and year first af resaid_ ~ Signed, Seated and delivered in the presence of: ~ ~ ~ +q YY tanCes S~ith,_ a singlp~aq , adult ~kaq /v ' (Seal) SiATE OF FLORIDA ~ St. Lucie COUtJTY OF ~ Before me rsonall a ared Mary P"ia1'1CeS SaltZl~ a single ddLtit ~d ` . Pe Y PPe _~~~_~__~~~~~~~_~~~~~~~~~___~__~~_~••____~~~~~~~_~_~~~~ZTs~~o me well known and known to me to be the individuef desc•ibed in and who exccuted the foregoing instrument, and acknowtedged befwe me that 5~ executed the same fw the purposes thPrein expressed. I~wd-/1?rw~id-__~~__~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ ..:feoiN~esa:d-~~_~~~~~~~~~_~~~~~~~~~~~~~_~~_~~_~~~~~~__~~~~..~~~~~~~~_~~~~~~!lR~fllTe A1~Q~fMtd ~i ~ :xa~inatioo bw a~ Jai.n-s.pa.~k~wd. ~p.r~ h~n. ia.-s.ib I~u.bewd~ .akwow~edged wra~+d befer~ n+r M~ersh~ e~cecere~ ~eidinsner,Rnt~fre~lt snd~wbrr ~ 'sely-snd.uitbost-anTev+r~pel~ion-eer~st+af~»: aP iorr~afvr Sb3Ad~ ~ WITNESS my hand and official seal this ay of June 19~3 ~ ' ~ i' ~ Notary Fublic in and ~or the St.~e af:f}dr ~a at Lstqe " ' My Commission expires: ~ . .v V ',.t3 ~ . ~V< Return To: • ~ Fint federal Sav~ngs 3 loan Assoc7at~on N"TARY PUBLIC, STA1E ot FLORIOA ~ rj ; 4: ~ Of Fcrt P~e,ce. ~ M' t,i,:•••,S-i_,.~ E~•~^:S lAK x'11~ ~ ' t . . , , ?.r,en_~^ ty, Co. J l ~ - ~ Fort Pierce, Florida f~'~ f . _ `)~'7'"'ltl~ - ~ ~ ~ - ~ ~ ~l~ ~ . UT~1' ' ~ . This Instrument Prepared By GaYy F. Bllr?ood f1LEO ~?yU qEC0It0E0 ~:~i, First Federa) Savings 8~ Loan Association ST• LUC~C COUNtY FU. R:- kOCiR POitRAS ~ of Fort Pierce ~ Rlorida CLER~. CtF;~UIT COURT !I~fOFO YEp~'1E0.~.~-- ~ Checked By L,~ 3 54 PM ~~3 ~ ~i11~ ~ . t , ; ~ nL~x ~P,r,.~.(,~,~~ , ~ ~ : ; ; - - - . . . ' r - z- _ ' .-x ~ 3~.; ~ _ W''£ir'.~' ~ ~ + -rF _s :}.~`~U~ ~~+'a~-- s~~v~*, : . . _ -°3_~'~~