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Home My WebLink About2530 9. To place and con~inuously keep on the b~~:d~r.gs ~orv or hercafter aitvate on so:d fand and on aR eqv~pmenl and pcrsonally covered by this mortg- age, w+~A all premi~~ns thereon pa:d in fult, flrr insurance ~n rhe usual stendard poiky torm, en a sum approvrd by the MqRtG:.GEE, and wmdatorm insurance in the usual irandard pol:cy 1orm, in a sum app~oved by ~he A10RiGAGEE, in su:h tompany or compan~es as the MORTGAGFE may direct; a~d all iire a~:d w~ndstwm insu~ance pol~cies on any of said buildmgs, any interest therein or parf the~eof, in the agg~egare s~m a(oresaid w in excess thereof, shaU contain the usua! atandjrd mongagee ciause w such oiher clauie as the Mortgagee may req~~re, maAing the ~oss unJer s.+~d polr cies, each and every, payab!e to said h10RIGAGEE as ~ts interest may appear, and eath and every such po!i:y shall be promptty ass g~~rd and da:~.•~..~d ~o e~y held by said AtORtGAGEE as fur~he~ secwity to said mortgage debl, and, not less than ien (10) days in advance of the exNuat~on o+ each po~icy, to de- live~ ro said MORiGAGEE a renewal ihercof, togeiher wi~h a rece~pf for the premium o1 such renewal; and there ~hall be no i;re o~ w~~~dsto~~n i~s~rance P~ated on ~ny of said buitd~ngs, any interest there~n or part thereof, untess in ihe form and with the loss payable as aforesaid; and in the even? any sum of money betanes payable undar such policy a policie~ said MORiGAGEE shall have the op~ion to rece~ve and apply the san,e on ac<ount of the indvbted• ness secured hereby or to perm~t sa~d MORTGAGOR$ to retrive and use it w any par~ tAe:cof for o:1,~rr pur, osez, v+~~h-~,;t ~h:•. w~~.~ .3 a~ ~<<~;,~~~- ing any eq~~ty, t~en w righ~ undcr or by virtue oI this mortgage; and i~ the event sa~d MORTGAGORS shall for any reason fail to keep the sa~d prem~sas so iniv~ed, or fail to deliver promplly any of said pol~cies o) insurance to sa~d MORiGAGEE, or fai! promptly to pay fuily any pre~~~:~rn therefor w in any roipect fai! to pe~twm, discha~ge, eaecute, effccl, comptete, compty wiih and abide by this cove~anf, or any pan hereol, satd MGRiGAGEE may pwcr a:~o pay for such insuronce or any part ~hereof w~thout walving or affec~ing any option, I~en, equity, or righ~ under w by v~rtue of th;s Mortgage, and ~he fu!1 amaunt of each and every such paymenf shall be ~mmediately due and payable and shall bear interest irom Iha date ~hereo( unril p~id at the ra~e ol nine per cent~m ptr annurn and tc~rthar wefh such inter~st shaU Jf secured by the Gen oi this mortgage. 1. lo permif, tommit or suf(er no waste, impai~ment p deterioration of said praperty w any patt thereof. ' • S. To pay all and sing~la. the costs, charges and expenses, i~cludirg a~easonable attorney i f~ and costs of abst~ads of title, incurred or pa~d at eny time by said MORiGAG:E, because or in tha event of ~he failure on the pert of ~he said MORTGAGOR ~o duty, prompNy and fuUy pe~fwm, d~xh3rge. ~~ecute, efiect, comptere, comply w~th and ab de by eacfi and every 1he stipu!at~ons, agreements, conditions, and covenants of said promeiso~y note and ~his ~~o~~gage any or e~~her, and sa~d costs, charges and expenses, each arxl e~ery, shatl be immed~ately due and payabie; whether w not there be norrce d> mand, atte:npt to tolteU or s~it pend~ng; and the fult amount of each and every such payment shall bea~ interes~ from the date thereof until paid al ~he r,,re o~ nine ~er czntum pcr an~~u:»; ~nd ail said costs, chargzs and expenses incurred or paid, ~ogether w~th such interest, shall be secured by the Gen af th~s mortgaga 6. That (a) in the ever+t of any breach of this Mortgage or defa~:r on tM pa.t of the MORTGAGOR, or (b) in the eve~t sny oF sa;d s~ms of money herein referted to be not prwnptiy and iully paid wirhin t6uty (30) days next aitcr the same sevcrally become due and payabfe, withou~ demand or noGCe, or (c) in tha e~ent each and every the stipulatio~z, ag~eemeros, cond~t~ona and covpnants of sa.d promissory note and tha mortgage any o~ either are not ~uly, prompNy and !ul{y pe:lormed, d.scha~g~, e:ec~ted, efleUed, completed, complied with and ab~ded 5y, then in either or any wch event ~he sa~d eg- gregate sum mentioned in said piomissory note then remaining unpaid, w~~h interesl accrued, and all moneys setured hereby, shall becorne d~e and pay- able forthwirh, or thereafter, at ~he opt;on of said MORTGAGfE, as fulty and compfe~ely as it all of the said wms of money were or~ginally snp~iased ro be patd on wch day, anything in sa.d pro~n~ssory note or in this 6lortgage to the tonrcary notwithstand~ng; and ~hereupo~n w thereafter at fhe op~~on of sa~d MORTGAGEE, withe~t not~ce or demand, suit at law w in equity, therefore a thereafter beg~n, may be prosecueed as if a!1 moneys secured bereby nad maWred p~~or ~o ,ts ~nstit~tion. 7. That in the event that at the beginning oi or at any time pending any suit upon this Mortgage, or to foreclose it, or to re(orm it, or to enforce payment of any cla~ms hereunder, said MORTGAGEE shaR apply to the Court having jurisd:ction the~eof for tFe appo~ntment of a Receiver, such Cour~ shail for!hwirh appoint a receive~ of said matgaged proper?y all and singular, includ~ng atl and sinyuiar the income, prol~ts, issues and revenues from vvhatever so~rce derived, each and every of wh~ch, it being expressty understood, is hezeby morrgaged as if ipec~tically set forth and described in the giantfng ar.d habendum c:auses hereof, and such Receiver shatl have atl the broad a~~d efFxrrve tunce.ons and ~owers in anywise entrusted by a Court ro a Receiver, ar.d s.,ch appcintment sheil be made by s~th Cou~t as an admitted equ;ty and a matter of absol~te r~ght to seid MORTGAGEE, a~d without reference to the adequacy or ir.adequacy of the vatue of the property mortgaged or ro the sotvency or ~nSO~vCnCy of said MORiGAGOR or the deiendanrs, a~d that s~ch renrs, proiits, income, issues and revenues shaii ix appiied by such Recriver ac~ord.~ig to the lien or equity of said MORiGAGEE and ~he pract~ce of such Courf, 8. To du:y, promptly and fu~~y perform, d~scharge, execute, e~feU, compiete, comply w~th and abide by each and every the stipu(ations, agree~nenfs, conditions and covenanrs +n sa~d promissory nore and th;s moitgage se1 forth. 9. That in the event the ownership of the mortgaged prem~ses, or any part thereof, becomes vested in a perwn other than the MORTGAGOR, the :'ORTGAGEE, its successo:s and ass~gns, may, w~thout notice to the ~'10RTG~10R, deal w~th such sutcessor o~ s~ccessor in int~rest with reference to th~s r. ertgage and the d_bt hereby secured in the same manner as wiih l.lortgagor without in any ~„vay vit~ating or d~scharging the /dortgagors' liability here. urder or upon the debt hrreby sec~red. No sale of the Fremises 6ereby mortgaged and no forbearante on the part of the IAORiGAGEE or its ivccessors cr assign; and r~o eaters~on ot the tirne for the payment of thP debt h~reby secu~ed given by the MORTGAGEE or its svccessors or ass:gns, a+~al1 eperate to ~e!ease, d=scharge, mod~fy change or affect the or~g~nal l~au:I~ty of the MORTGAGpR herein, either in whole or in part. 10. It is spec~ftcaliy agreed that time is of the essence of this contract a~d that no waiver of any obLgation hereunder pr of the obtigation se- cured hereby shali at an~ time ~hereafter be hc~d to be a woiver of the terms hereof or of the instrument secured he~by. I 1, in aud.t:o~ ro ~nr foreao n~ month:y payments of pri~c pa! and inrerest requ~r~d by fhe prorr.lswry no!e sec~red he~eb~. morlgagor covenants eod agrees to pap to n;ortgayee vsith each momMy pay~.tent an add~rionat sum estin:ated by mortgagee to be eqval to 1 r' 12 of the annua! cost of the ioliow- A-All real Frope.iy ta,c.s le~~~ed or ass~ss~d aga~•~st the above descr~b~d real estate. B- Frz~„~u:~ s un f~re and w~ndstorm insuracce as ner~•~R reqv~red to be canied e~~ the +mYroveme~ts situate on the above dascribed premises. C-Prerni~:ns on svch ~,ortg;ge gua.anty ir.surarce es mortgagee shall trom r me to iime deem fit to carry on the loan secured hereby. Mortgagee shail fror.^. r~me To ~~.Te nonfy me.tgagor in wnt~ng ot ~he an~ou~t due and payable hereundrr and such sum shall thereupon be due and ; ayable on the d~e d.~~e of the next monthiy payment and each successive month thereafter ur.til mortgagee shall ~ot;fy morlgagor of a change in such e~•o~nt. Su:h s~ms sha:! he appi~ed by mortgag^e toward the payment of rea! property taxes, insurance prem~ums, and mortgage guaranty insurance p•emiums. IN YJIT~JESS '1YHEREOf, the sa~d MORTGAG.^.2 has hereunto set his hand and seal the day~ d yea~ fiist foresaid. Signed, Sealed and delivered in the presepce of: !Seal) ; _ < ' _ - . ~ .~~~hae2 Lan eI csean ~ ¢l~l~ ~IS " - (s~at) ~ rn ce . ~aze cseaq E STA1E OF iLORIDA ~ f COUNTY OF ~t . Ll1C lE ~ ~ Before me personally appeared Mi~h~el Longazel a~~ ~ B@I'11~C6 A• Longazel his wife, to me well known and known to me to be ~ the individvals described in and who executed the foregoing instrument, and acknowledged before me that they executed the same for the purposes i therei~ expressed. And the sa~d__ B~rn~Ce e~. I.011g326Z ~ N~fe of the sa~a ~!iehael Longazel upon a srparate and private ~ e>aminat;on by me taken separate and apart from her said husband, acknowledged to and before me that she executed said instrument freely and votun- ~ ra~:ty and w~thout any compuision, constraint, apprehens+on, ~fear of or from her said husband. n ~7 3 WITNESS my hand and official seal this__:~ _ day af 8 A. D. 19~1 ~ " ` . ~ ~ _..llc,~t-~ , ~ Notary Public in and for the State of florida at large 's My Commission expires: Retum To: Fint Federal Savings S Loan Associat~~n O~ ~o.t P e:ce. ~IOTARY PUBUC. SiAT~ 01 ~1OR10A it LARV'E : E;,;: ~:c._.,, c!or[.±~ '.;'r CUML:iSS{GN :Exi-„f.;, IAN. 7. 1977 t Dor~eO iiy i+t~+erica~, wi~ari's iiwiiiaTiri ~ • _ t~1iH~'~.'li..~.. 'i S i This lnstrument Prepared BY Richard K. Ka es f~~EO AM9 RfCOROEO Y ST. IUCIE COUNtY FIA. ` ~ ; ~ ~G , First Federal Savings & loan Association ROCii i-J?TRAS ~ _ of Fort Pierce~ r'lorida CtERX C~ :,;;iT COURt~ - ~ REC~R3 VEp~~1t0 . ~ ~ ~ , ~ Checked By~-~ - : ~ ~ ' ~ ~ ~ ~ ~1M11~ 2T ~'73 ~ ~ o Q „ t ?~OK~~S ~~l!~:~~~r ~ • . :T<_ ; ,~S'7830 3 ' E • I r ` ~ _ 3.. .F' , . . - - ~ _ - ~