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Home My WebLink About2522 3. io place and conti~~ousty keep on the bui'd~ngs now or he~eafier s~tuate on s~~d land and on alt eq~,ip,nero and personally covered by thia mor~g- egs, wi~h al) premi~~ns Ihrreo~ ~,a:d in full, lire ins~~ance ~n the ~sual sta~~ard Por,c~ form, in a sum approved by ~ha h10RiGAGEE, and windsrorm 7n~uronce in fhe uwal srandard pot,q fo«n, in a sum app~oved by the MURiGAGEE, in such tanpany or co~npanies as ~he MORTGAGEE may direcl; and all fire and w~nds~orm iowrance pol~cies on any of said build~ngs, any intere~~ therei~ or parl thrreol, ;n Ihe aggregate sum afor~sa~d or in excess thereof, shall contain ~he usual s~ar.dard mortgagee dause or such orher clause as Ihe Mo~tgagee may ~equ,re, mak~ng t~~e Ioss undr~ sa~d poli- ciei, each and every, pafab!e to sai~ MORTGAGEE as ~ts interest may appear, and each and every such pot~r~ shall be p~omptiy ass gned and de~rvarrd ~o ~ny held by said MQRIGAGEE as further security to said mortpage debt, and, not less than ~e~ (t01 days in advance of the expirai~on of each poi~cy, to dr liver to said lNORTGAGEE a rcnewa! the~eoi, togNher with a receip~ for ~hc premium of such ~e~iewal; and the~e shati be no f~re or w~~~dito+m ins~rance placed on any of said buiid~ngs, any inte~esl therein or part thereof, unlesa in the (onn ar~d with the lo:s payable as aforesaid; a~d in the event any sum of money becomes payab:e unda~ such poli<y w pot~cies said MORTGAGEE sh~l! have tF.e option to rete~ve and apyly the sa~ne on acco~n~ of the indebted- ~ess sec~red hereby or to perrnit said MORTGAGORS ro receive and use it or any p.~~t therrof Icr u:~~~•r Hw; ~s~•s. .::~i,..,f ~h o; ,3 ;;r ~~~.p,.i~- ing any equity, Gen a right under or by virt~e of Ihia mo~tgage; and in the event sa~d MORTGAGORS shaN fw any rcawn fai! ro kcep the sa~d premisae so ~nswed, o~ fail !o deliver p~anp?!y any of said pol~cies ol insurante to said MORIGAGEE, ot fad promptly to pay fully any prr~~uum thereior or in a~y respect lail to perfo~m, d~scharge, execute, effeU, comulete, con~ply wirh and abide by this covznant, a any per~ h~reof, sa~d MORiGAG~E may piace a~~d pay for such insurance o~ any part thereof wirhout waiving oi affec?ing any option, lien, equny, or nght under or by virtue of this Morfgage, and ~hc full amounl of each ar.d er•ery such paymeM shatl be immediately due a~d payable and sha~l bra~ inrerrst fran tha da~e ~hereoF until p~~d at the rate o1 nine pet cent~m per a~num and tO~rthcr wrth such interest shai~ be s~'cured by ihe tien o( this mortyage. 1, io permit, tommit w suf(er no wastc, i~npai~ment or deterioration of said property or any part thereof. 5. To pay etl and singular the costs, tharges and expenses, ~ncluding a reasenable at~wney'a fee and cos~s of abstracts of title, incurred or paid at any time by said MORTGAG:E, because or in the event of the faifure on the par~ of the said MORiGAGOR to duly, p.omp~ly and f~tty per(orm, d~scha~ge. execute, effecl, complete, compfy w~~h and ab:de by each and every the stipvlahons, aqreements, cond~tions, and covenants of sa~d promissory note a~d ihii mortgage any or ei~her, and sa~d costs, charges and expenses, each and every, shall be immediately due and payab!e; whe~her w not rhere be no?ice dz mand, attempl ro co~lec~ or suit pendtng; and Ihe f~ll amount of each and every such paymem shall bear inrerest (rom the date rhereof u~til paid a1 the r,,re oi nine per canwm pa~ an~~us, and all sdid cos~s, cnarges and expenses incvrred or paid, together wah such imerest, shali be srcurnd by the lien of thu mortgage. 6. That (a~ in the event of any b~each of ~his Mortgage o~ defautt o~ tFK part of the MORTGAGOR, or (b) in the event any o( sa:d sums of money herein referred ro be not p~o.nptiy aRd fully paid wi~hin th,rty (30) days i~ext ait•.r the same seve~a:ly become due and payable, withou! de~nand or notice, or (c) in the evem each and every the stipu~ations, agreements, cond~tions and covenants of sa d prumisso~y note and th~s mor~gage any or either are no1 ~~ly, promptly and fully per(ormpd, dscharged, executed, eifected, completed, compf~ed w~rh and ab~ded Sy, then in e~ther or a~y such event the sa~d ag- greyate sum mentioned ~n sa~d promisswy note then remaininq unpaid, with interest accr~ed, and all mo~eys secured hereby, shatl become due ar~d pay- ab,e forthwifh, or thereafter, at the opnon of safd MORTGAGEE, as f~lly and tompletely as if all of the said sums of money were or~gina!!y snpu:ated to be pa;d on such d~y, a~ything in sa:d pramsswy note or in this Maigage ~o the conrrary notwithitandi~g; an~ thereupon w thereafter at the op~~on of sa~d MORTGAGEE, wuheut notice o~ demand, suit at law w in equAy, the~efore w thereahe~ bey~n, may be prosecuted as if all moneys secured hereby n~d matured pnw ro As instituhon. 7. That in the event that at the beginn~ng of or at any time pending any su~t upon th~s Mor~gage, o~ to foreclose it, or to reform it, or to en~orce payment of any daims he~eunder, said MORTGAGEE shall app~y to the Court havfng ~ur+sd.a~on thereof fo~ the appo~ntmem of a Receivcr, svch Court shall forthwith appoint a receiver of said mwtgaged property aIi and singular, indud,ng ott and s~ng~lar ~hz income, prol~ts, issues and revenues from whatever seurce drrived, each and every of wh~ch, it bei~g expressiy undenrood, is hereby morrgaged as if speafically set (orth and descr~i~d in the granting and hai~endum clauses fiereof, and s~ch Receiver shail have all the broad ar,d effecr~ve funct.ens and po.vers in anywise entrusted by a Court to a Receiver, and s..ch appo+ntmeut shall be made by svth Cour? as an admitted equity and a matter of absolute right to said MORSGAGEE, a~d w~thcut ~eference to the adequaty o~ inadrqvaty of tFe value of the proFerty mo~~gaged or to ~he so:vrncy or insolventy of said MORiGAGOR ot the defendants, and that such renn, profiits, incwne, isa~es and revenues shait be apptied by wth Receiver accord~ng to the lie~ a equ7ty of said MORTGAGEE and the pract~ce of such Court, a . • - B. To duly, promptty and fully perform, discharge, execute, effect, complete, ccxqply with and abide by each and rvery the stipulations, agreements, .orditions and covenants in sa~d promissory note and th~s mongage set iwth. 9. That in the event the ownerahip of the morrgaged premises, or any part thereof, becomes vested in a person o~her than the MORTGAGOR, the h'.ORTGAGEE, its successo.s ar,d assigns, may, wi~hout notice to the l.'tORTGAOR, deaf whti such successor or successw in interest weth reference to this ~-o~~gage and the debt hereby secured in the same mann?r as with lAortgagor w~thout in any way vit,atirg or d~scharg~no the ldorrgagors' liabilety here- unde~ or upon the debt hereby secwed. No sale of the premises he~eby mortgaged ar.d no forbea~ance on the part of the MORiGAGEE or its successors o~ assigns and no extension of the hme ior the paymem of the debf he.eby se:ured g~ven by the MORTGAGEE or its svccessws or ass[gns, ahall operate ro retease, d~scharge, modify change or affecr rhe orig~nal Iiab+Slty of the MORTGAGOR be~ein, either in whole a in part. i0. It is speufica!!y ag.eed that time is of the essence of this ~ontract and that no waiver of any obl~gat~on hereunder or of the obligation sr c~red hereby sha!~ at any time t~ereafter be hc:d 4o be a warver of the terms hareof or of the instrument sewred herby. t l, In atid.t~o~ to tne forege ng n,cnth~y paymenti o1 pri::c'pai and inrerest req~~red 6y the p~om sscry no~e sec~red hereb~, mortgagor eovenants ~~,d agrees to poy ro mortgagee v~~th each monrh!y Fay,.;ent an add.riona! sum esr,n~aTeJ by mortgagee ro be equai to 1, 12 of the annual cost of the foEiow- ,ng: A-All ~eal p~operty taxes levied or asz~ssed ag3inst the above described real estate. B-Frc~,:~„ns on f~re and wir.dsto:m insvra~ce as here~n roq~;red to be ca.r«d on fhe ~mproveme~ts s:fvate on thc above desvibed premises. C-Pre~r,iwns on such rr.ortg;ge guaranty insurar,ce as morrgagee ;ha;! from r;me to ti~ne deem fi1 to carry on the toan secored hereby. Mortgagee s'~a'1 frcm t; ,~e to t~e~e norif~ mortgagor in wr,+ing of the a.rou~t due and payable hereundrr and suth sum shall th~reupon be due and : ayab!e on the due dat~ oi rhe near month:l paym~nt and each s~ccess~ve month thereaft~r untit mcrtgagee shafl notify mortgagor of a change in such ouM. Such sums s~a:l ;,-e apn'ied by mongag~e iowa~d tbe payment of real property taxes, insurance prem:~ms, and mortgaga guaraNy inwrance :>-emiums. IN \'dITNESS WNEREOF, the sa~d MORTGAGOR has he~e;,nto set h~s har.d and sea( the Qa~and year first a resaid. Signed, Seated ar.d drtivered in the presence of: i'~` j`~, - - ~r4' . r~. ~t - !Seal) - ~~.I _i.a H ~ hA~b le (Sea!) J ~ ~ . - ~ (SCa~~ • - C ~ C.~~ Elsie L. Chaabley ~~ai~ I ~ ! SiA7E OF PLORIDA f ~ St. Lucie COUNTY OF _ _ ~ i Before me rsonal! a Jlm H. Chambley and ~ pe y ppeared ~ _ Elsie L, Chambley his wife, to me well known and known to me to be ~ the indiv~duals described in and who executed the foregoing instrument, and acknowledged before me that they ezecuted the sanse tor the purposes ' rherein expressed. And Ihe said Elsie L. Chanbley . . Jia H. Chaable ~ rvife of the said _ y upon a sep~~fi3fid~~ ste. ; e.am~nat~on by me taicen separate and apart from her sa~d husband, atkrawledged ro and before me that ~he exetuted said instrume~ ep1Y.a~ed v~ = rarily a~d wrthoW any compu!sion, constraint, apprehens~on, or fear of or from her said husband. pQ~ ' - ~/~~r ` j~.,..... ~ ` WITNESS my hand and offrc~al seal this- 27th _t day of `June Z-~,. -„!q''~~1 ~ ~ ~ ~ Z , / ~ ~ ~ ? • :_~*,S:' ?-1~:~~- ~ Notary Public in and for the State of FI4Fi~ ~ar~~ • = s My Commission expires: ~~.Z ' f- ~ Return To: s+ , v~ ` - First Federal Savin s d~ ioan Associat~on NOTAi1Y P 9 UQl lf. c` ^otpA at LA . Q ~ ot Fo.r P e,ce. ~Y COKAV ~ ' . f:~rt. j, . ,'f:,.'..t: ' ,1' Fort Pierce, Flcrida i• • ~ ....._~a In~yr~~l~ ,?'~`'r ~ f~tED A~n aEC~R0E0 ~ ~ This tnstrument Prepare~ By Gary F. Ellwood gT. ~uciE c~~N~sr Fu. ~Z.S'7$2~ ~ First Federal Savings & Loan Asso:iation ROG~~ PG'TRAS of Fort Pierce Florida CLfAK C:` CU~i COURT ~ ' Rf~~a~ vfo'f:E~1 ; Checked By~- - ~ 1~ ~p 2? A1~ ~~3 ? (1 ~ ~ ~ ~ ^ S~? _ . „t,t ~+1~~ _ _ ; n _