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Home My WebLink About2868 3. To ptace and contlnvously keep on rhe bui'ding~ now a}~ereafter ~ituate o~ said Isnd and on afl equipr..ant and perso~a!ly covered by thii mo~~g- egs, with all premiumt ther~ pa~d in lu~l, lire insurance ~n the u~val staala~d poGq torm, in ~ aum approved by the MOR(GAGEE, ai~d windstorm ~nsu~ance in ths usual standard pot~cy Iwm, in •~um app~oved by the MORiGAGFE, in tuch company or ton,panie~ as ~he A10RiGAGEE may direch and all firs and winds~orm in~urance poGcie~ on any of said bu~ld~ngs, +ny inte~ast thare~n or pa~t thareoL in the aggregate sum afo~eaa~d or exteu thereof, ~hall con~ain ~1~e usual ~tandard mort9agee tlause a suth o~her tlause as the Mortgages may requ~re, making the loa~ under sa~d po~~ c~es, each and every, payabte to said MORTGAGEE as ~t~ inreresl m~y appear, and each and eve~y such policy shatl be promptly ais gned a~d delivered to any held by sa~d MORfGAGEE as tur~he~ aecurity to isid mor~gage debt, and, not tess ~hsn te~ (101 days in advance of the eapirafion of each policy, to da liver fo said MORTGAGEE a renewal thrteof, togethet with a rece~pf fot the p~e~nivm O) such renennl; and thera shall bt no f~rQ o~ w~ndatorin insurance Alaced on any ol said bvild~ngs, any intc?es~ there~n or part ~hcreof, unless in the fo~m and with M loss payable as aioresa~d; and in the e~e~t any sum of money becomes payable under such policy or pol~cies sa~d MORTGAGEE shall have the opt~on to rece~ve and apply the same on accoum of ihe indrbted- neu secured hereby or to pe~mit aaid MORTGAGORS to receive and use ~t p any parl thereof icr o:i~er pu~F,osrs, v.~~ho~t ~h~•., u~ wa~~~^~ cr ~~np~,r- ing any cq~ity, lien or righl under or by virtve of thii morsgage; and in the event w:d MORTGAGORS shall fw any reason tail Io keep the said premisrs so insured, w fail lo deliver promp~ly any oi said policies of insurance to sa~d MORTGAGEE, or lail promptly to pay (ully any p~e~n~um the~elo~ or in a~y respen fail to pe~fo~m, d~:charge, eaecute, effect, complete, comply wi~h and abide by thf~ covenan>, or any par~ he~eol, said MGRTGAGEE may piace a~+o pay fw such insurance or any part the~eof without waiving or affecting any option, ~ien, equity, oi righe under or by virtue ol ~his Morfqage, and ~he fuN amou~t oi each and every such payment ~hall be immed~ately d~e and payable and ahall bear inierest from the da~e thereot umil pa~d at the ra~e of n~~e per centum per annum and to~e~her wi~h suth interest shall be secured by the lien of this mortgage. 4. To permit, commit or sutfer no waste, impairment or deterioration of said p~operty or any part thereof. 5. To pay all and singular the costs, charges and expenus, inctuding a reasonable attorney i fee and cos~s of abstract~ of t~tle, inc~rred or paid at any time by said MORTGAGfE, because or in the event of the faiture or? 1he pan of ~he said MORTGAGOR ro duly, promptly and fuUy perform, d~scharqe_ execute, ei(ect, complete, comply w~~h and ab:de by each and every the stipulatrons, agreements, conditions, and mvenants of taid promiswry no~e and th~s mortgage any or e+~he?, and said costs, charges +nd expenxs, escA and every, ihall be immediately due and payab~e; whether w not there~ be notice de mand, attempt to colteU or ~~it pend~ng; and the full amount of each and eve~y such payment shall bea~ interes~ from the date thereof untii paid at the r.,te of nine per cant~m per an~i~m; and all said costs, charges and expenses inturred or peid, logether w~th such interest, s:wll be secured by the lien of thi~ mortgDys. 6. That (s) in the event of any breach of this Mwtgage or defa~lt on the part of the MORTGAGOR, or (b) in the eveM any of satd sums of money ~ herein referred to be no1 promptly a~d 1ully paid wi~hin thlrty (30) days nexi after the same se.•e~ai~y lxcome due and payabte, wi~faut demand or notice. or (c) in the even? each and every the stipulations, agreeme~ts, conditions and covenanta of sa.d promissory note and th~s mortgage.any or eithe~ are ~ol ~~ly, promptly and fully performed, d~scharged, exccuted, eifec~ed, completed, compl~ad with and abided 5y, then in either or any such evenf the sa;d ag- gregate sum mentioned in seid promissory nore then ~ema;ning unpaid, with interest accrued, and atl moneys secured hereby, shall be:ome due and pay- able forthwith, w thereafter, at the option of said MORTGAGEE, as fully and comple~ely as if ali of the said sums of money were or~g~na~ly st~pulated to be pa~d on such day, anything in sa:d promiaswy nme or in this Mwtgage to the contrary notwi~hs~andi~xJ; nnd thereupon or lhereafter at the op~ian of s~:d MORTGAGEE, without notice or demand, suit at law w in equity, therefore or therea(ter ~gun, may be prosecuted as if all moneys aecu~ed hereby nad matured pnor lo ns institution. 7. That in the event that at the beginning of w at any time pendi~g any suit upon this Mortgage, or to iweclose it, or to reform if, or to enforce paymen! oF any claims hereunder, said MORTGAGEE shall apply to the Cour~ having jwisd~aion thereof ior ~hc appointment of a Receivei, wch Court sha(I Fcrthwith appo~m a receiver of said mortgaged property all and singular, includ~~g atl and singular the income, profds, issues and revenves from whatever aovrce derived, each end every of wh~ch, it being expresslr unders~ood, is hereby mo~toaged as if speuiically set torth a~d described in the granting and habendum ciauses F+ereo(, and suth Receiver shall have all the broad and effective funct~ons and powe~s in anyw~se entrusted by a Court to a Receiver, and sLCh appointmen? shall be made by such Court as an admitted equity and a matrer of absolute right to said MORTGAGEE, and wi~hout reference to the adequacy or inadequacy of the valve of the property mortgaged or to the so~vency or insotvrncy o~ ssid MORTGAGOR p the defendants, and that suth re+~rs, profits, income, issues and revenues shall be applied by such Reteiver accord~ng to the lien or equity of said MORTGAGEf ,aqd the p~actice of such Coutt. 8. To duly, promptly and fully perform, discharge, execute, effect, complete, comply w~th and abide by each and every the stiputations, agreements, conditions and covenants ~n sa~d promisswy note and this morigage set fo~th. 9. That in the event the ow~ership of tF.e mortgaged premixs, w any part thereof, becorr.ea vested in s person ofher than the MORiGAGOR, the h~ORTGAGEE, its successors and as:~gns, may, without notice to the MQRTGAOR, deal with such successw w successa in interest wifh reference ~o this mortgage and tiie debt hereby secured in the same n~anner as with Mortgago~ w~thout in any way vitiating or d~uharging the Mongagors' liabifity here- under w upon the debt hereby sec~red. No aaie of the p~emises hereby mortgaged and no fo~bearance on the part of the MORiGAGEE or its successors or assigns and no extension of the time ior the paymeM of the debt hereby secured given by the It10RTGAGfE or its successws w ass~gns, ahall operate ro release, d~scha~ge, modify thange or affect ?he orig~nal liao~lity of the MORTGAGOR herein, either in whole or in part. 10. It is speufically agreed that time is of the essence of this contract and that no waive~ of aRy otligat~on hereunder or of the oblgat'an x- cured he?eby shali at any time ehercafter be held to be a waiver of the terms hereof w of the instrument secured herby. 11. lo add no~ to the forego ng monthSy payments oi princ'pal and interest required by the prom;ssory nore sewred hereby, mortgagor covenams and agrees ro pay to mortgagee with each monthEy pay~nent an add~rional sum est~ma~ed by nwrtgagee to 6e equal to 1;%12 of the annval tost of the foltow- ing: A-All real property taxes lev~ed or assessed agai~st thc above described real estate. . B-Prem~u~r.s on iire and w~ndstorm insu~arce as herein requ~red to be carried cn the improvements s~tuate on the above desuibed premises. C-Premiums on such mortgage guaranty insurance as mortgagee sha(I irom time to time deem fit to carry on the loart secured heseby. Mortgagee shatl irom rime to rime notify mortgagor in writ;ng of the amount due and payable hereunder and suth sum shaii thereupon be due and ~.ayabie on thr due date of the next month:y payment and each successive month thereafter urtil mwtgagee shatl not~fy mortgagor of a change in such e~ ount. Such sums sFail be applied by mortgagee toward tF~e payment of reat property taxes, insvrance p~em:ums, a,td mortgage guaranty insurance p~emi~ms. . IN YIITNESS Y~HEREOF, the sa~d MORTGAGOR has hereunto set his hand and seet the day and ear first aforesaid. Signed, Sealed and delivered in the presence of: ~ - ~Q/~l~-`-~L ~ !Seai) ~w~ ~ - Bernie ?hades - ` ~ - ct,,r,.-*.~.,,-~ L~-~..~ ~ _ Ale~cs?nd~ria Than~s (Seal) SiATE OF fIORIDA 1 ' St. Lucie ~ u. f COUNTY OF ~ " ~ Before me personally appeared Bernie Thauaes a~ ; _ Alexandria Thanes his wife, to me welt known and known to :ne to be ; rhe individuats described in and who executed the fwegoing instrument, and acknowledged before me that they eaecuted the same fw the purposes ' rheroin exp?essed. And the said Alexandria Thanes ~ Niie of the ~;a ~ ~ Bernie Thasee opon a seprraR*~~nd private t cxami~ation by me taken separate and apart from her said husband, acknowl~dged to and before me tfiat she executed said instru~~~f~~~~nd volun- i rarity and without any compulsion, canstraint, app i, w~ of or from her said husband. .•t• m r - ~ • . 73 i W1TNE55 my hand and official seal thi ~ day of .'G .R ~~t ~G iCL ' ~ i • A' ~ !~7' ; Notary Pubiic in and for the S~te o~ b Y aG Lary_~ . d- • - ~ My Comm~ssion expires: - ~ . . : 0 ~ Return To: - s • Q~ / ~ ~ - , ~ ' : W ~ first federal $aving~, 3 Loan Aisociation ~ ' ~d~~ ~ ~ O! Fort P~E:ce. NOTARY PIlBCIC. STATE ot FLORIDA t[ 1~G~ 9~ For~ Pierte, Florida MY COMMISSION EXPIRES lA[!. 7, 19~ Q..•' 4v~~ BonO*d Br Americ~n B~nken Inwanc~ Co. S hTE ~F £ ~'IIlt:~~~~~~`, ' This Instrument Prepared By Gary R. ~ll~ood f 4~p kK0 RfCORQE~ First Federal Savings & Loan Association S~, tUC~E COUMTY fl~ # of Fort Pierce , Florida ROCER PflsTR~S ~ CIfRK C~RCUtT CCURt /~Q Checked By ~ P,fCOk'? YEF~FlE[~ "~~7 4 3 io ~s a~ ~~3 E ~ ~ R 2~5 ~2~3~1 Sb 800x < , ~ _ ~ ~ ~ ~ ~ 1~:._.~ . ~-.~T~>~~~~