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Home My WebLink About2874 3. To place and conrin~ously keep on Ihe b~~'d~ngs now or he~eafter utua?e on sa~d ~and and on ali cquip~nenl and pe.sonally covered by ~his mor~g- ega, wl~h si! premiums thercon }:a:d ~n lu~i, fire ins„ra:xe ~n the usual srandard poGCy farm, in a sum approved by the MuR:GAGEE, a~~d w~nds~o~m ~nsurance in the usva{ uanda~d po::cy lwm, in a eum appro.ed by ?he MORTGAGEE, in such company or cornpan~es as the MORi'vAGEE may d~rect; a~xl ail (ire and w~ndarorm inswance pol~cirs on eny of sa~d bu~id~ngs, any In~ere~~ therein or part thereol, in ~he aggrega~e tiv~T aforesald w in excesa thercof, a~all contain the uiual srandard mw~gagee ctause a such oiher clause •s the Mcrtga3ee may requ~re, making the ioss undrr ~a~d polr cie~, each and every, payabte to said MORTGAGfE aa ~ts ~nterest may appeai, and eacM and eve.y such po~icy shatl be promptly ass yned a~~d dri~vercd to sny held by said MORIGAGEE af further security ~o said mortgage debl. and, not less lhan ten (l0) days in advance of the expua~~on o1 each policy, to d~- tiver lo said MORTGAGEE a renewal thereof, loge~her with a rete~pt (or the premium of such ~enewal; and the~e shall be ~w f~re or winds~o~m insuronce plxed on any of said build~ng~, any inrerest there~n or par~ thereof, unless i~ Ihe form and w~~h Ihe loss Pdydtll@ as aioresaid; and in the eve~t any s~m of money bccomes payable undcr such policy or pollc~es sa~d MORTGAGEE shall have the opt;on• 1o reccive and apply ihe same on account of the indrb~ed- neu secu~ed hereby w io permif said MORTGAGORS to receive and use it ~+r any part ~hereof to~ o:n.rr HurF.osrs, ..~~ho.:t th~r.~,y v~a~+~.~~ cr u~~p..~r- in9 any equity, lien or r:gh1 under w by virtue of this mo:!gage; and in the event sa~d MORTGAGORS shall (or any reason fail to keep the said premis:s so insured, w fail lo deliver p~omptly any of said pol~ties Of insurante fo said MORiGAGEE, w f~it promptly to pay fuEly any pre~niu~n thereiw or in any re~pecf fai! to per(wm, discharge, eaecvte, effect, complete, tomply wiih and abide by thi• covenant, or any par~ Fx:reof, sa~d MGRTGAGEE may piate a~~o pay fw suth inwrance o~ any part thereof without waiving a affecting any oplioo, lien, equity, or righl unde~ or by virt~e of this Mortgage, and th~ full amount o1 each and every such payment thall be immed~etely due and payable and shall bear interes~ trom Ihe date thereof until pa~d at ~he ra~e ol n~ne pe~ centum per annum and ~o~ether with auch inte~est sAal~ be secured by the tien of this mortgage. 4. To permit, commit or suffer na waste, impairment a deterioration oi said property o~ any part thereof. 5. To pay all and aingular the coats, chargas a~rd expenses, includ~ng s reaso~able attwney's fee and co:rs of abstracn of titte, incurred or pald a~ any time by said MORTGAGEE, because or in the event of the fa;luro on the part of ~he said MORTGAGOR lo duly, prompNy and tully perform, d~acharge. exxute, ef(ed, comp!ete, com.ply w~th and ab:de by each and every the stipulat~ons, agreements, cond~tions, and covenan~s of said p~omissory note and tF.~t morrgage any or ei~her, and sa~d costs, charges and expenses, eacA and every, sFwll be immediately due arx! payabte; whe~her w not there be oot~ce de mand, attempt ro collect w suit pend~ng; and the full amouM of each and eve?y such paymem shall bea. ~nteres~ irom the date thereof umil paid at ~he r.~te oi nine pe~ crntum per anuum; and all. said cos~s. charges and expenses incurred or paid, together w~th svcA interest, sball be secured by the lien of thit mortgags. b. That (a) ~n the event of any breach of this Mortgage or defau~t on the pa~t af the MORTGAGOR, w(b) in the event any oF sa~d sums of money herein reEerred to be nof prompt~y and fully paid w~~hin th~rty (30) days nexf aiter Ihe same severatly become due and payable, wit~wut demand or no~ice, or (c} in the event each artd every the stipulations, agreemrnts, conditions and covenants of sa:d prom~ssory note and th~s mortgage any or e~ther are not iuly, p~omptly and f~l?y perfwmed, d;scharged, executed, effected, completed, compl~ed with and ab~ded 5y, ~hen i~ either w any such event the sa~d ag gregate sum me~tion'ed in said prom~ssory note then remaining unpaid, wirh inre~est accrued, and atl moneys secured hereby, shall become due and pay eb~e forthwith, or thereafter, at the optipn of said MORTGAGEE, as fully and completety as if alt of the said :ums of money were wg~natly st~pula~ed to be paid on such day, anything in sa:d protnissory note or in this Mortgage ~o the con!rary notwirhsrand~ng; and ehereupon a the~eaiter at the opt~on of sa~d MORTGAGEE, without notica or demand, svit at law o? in equity, the~efore w tF~ereafter begun, may be prosecuted as if all moneyt secured hereby nad matured pnor to us institunon. 7. That in the event that at tne beginnt~g of or at any t~me pend~ng any su~t upon th~a Mortgage, w to fwecfox it, or to refam it, or to enforce payment of any cta~ms hereunder, said MORTGAGFE shall apply to ~he Court having ju~~sd~ction ~hereof (or the appo:etmem of a Receiver, svch Covrt sfiafl Fo:thwith appoint a rece~ve~ of said mortgaged property atl and si~gular, includ~ng all and singutar the income, prof~ts, issues and revenuea from whatever source derived, each and every of wh~ch, il being expressly understood, is hereby morrgaged as if spec~fically xt forth and destribed in the granti~ig and habend~m cla~ses hereof, and such Receiver shail have alt the broad and effecrive fu~ct,ons and powe~s in anywize entruated by a Court to a Reteiver, and s~th appointment shall be made by such Court aa an ad~ni~ted eq~ity and a matter of absotute right to wid MORTGAGEE, and withov~ reference to the adequ~cy w inadeq~acy of the vaive of the property mortgaged or to the soivency or insalvency of said MORIGAGOR w the defendants, and ~hat such rems, profits, income, issues and revmues shall be appl:ed by such Receiver accord~ng to the lien w equity of said 650RTGAGEE and the praUice of such Court. 8. To duty, promplfy and ful~yr pe+form, d~scharge, execute, effect, comple~e, comFly w~~h snd a6ide by each and every the stipu~ations, agreements, conditions and covenants ~n sa~d promissory note and this mortgage set fwth. 9. That in the event the ownership of the mortgaged prcmises, or any part thereof, becomes vested in a person other than the MORTGAGOR, the :'~RTGAGEE, its successors a~d as:~gns, may, without norice to the MORTGApR, deal with wch successor a suaessw in interest wi~h reference to this ^-.ortgage a~d the debt hereby setured in the same ma~ner as with Mortgagor w~thout in any way vifiating or d~scharging the Mortgagors' liability here- ;,nder or ~pon the debt hereby sec~red. No sale of the p~emises hereby mortgaged and no forbearance on the pan of 1he MORTGAGEE or its successors or assigns and no exte~sion of the time tw the payment of the debt hereby secured given by the IAORTGAGEE or its successors or ass~gns, ahall operate io release, d~scharge, modify change w affect the origi~al Iiab~Gty of the A10RTGAGOR herein, eithe~ in whole or in part_ 10. It is speuf~cally agreed that time is of the essence of tF~is contract and that no waiver of any obfigat~on hereunder or of the obligation sr c~red hereby sha!! at any time thereafter be he!d to be a waiver of the terms hereof or of the instrument se:ured herby. ! l. In add~t~o~ to the forege'ng n;onth!y payments of princ"pal and interest required by the prom:ssory no!e secured hereby, mortgagor covenants a~.d agrees to pey to mo:tgagee v~,ith each mor.th!y pay~nent an odd:rional sum es~~~:ared by mortgagee ro be eq~af ta 1/i2 of the annual cost of the follow- ~n~: A-All real prope~ty taxes levied or assessed agai•ist thc above described real estate. B-Pr~,uums on fire and windsto~m insuracce as herein requ;red to be ca~ried o~ the ~mprovemeats situate on the above described premises_ C--Premiums on such mortgage guaranty ir.suraoce as mortgagee s6ail ~from t me to time deem fit to carry on fhe loan secured hereby. Matgagee shall from t~me to t~z~e notify. mortgagcr in writi~g of the art;ou~t due and payable hereundrr and such su-n shail thereupon be due and c3yabte on the due date of the next month;y payment and each suttessive month thereaficr ur+il mortgagee shal! notify mortgagor of a thange in suth ~~.ount. Such sums sha;f be appi~ed by mortgag.:e toward the payment of rea~ property taaes, inwrance pre~r.ums, aad mortgage guaranty insurance n~emiums. IN V~ITP~E55 WHEREOF, the said MORTGAGOR has hereunto set his hard and seal the day and year first afocesaid. i ned, Sealed and deiiv in the presence of: ~ / - . /1~..~ rSesl) W3 li Ba~cl IGeit ~~aq i _ ' cs~~~ E - - ! 1 a (Seaq ~ SiATE Of FtORIDA ~ St Lucie ~ couNrY oF • 1 ; Betore me personaNy appeared willie Sarl Keith a~ ~ Petrinnia his wife, to me wett known and known to me to be the individuals desc~ibed in and who executed the foregoing instrument, and atknowledged befwe me that they e:ecuted the same fw the purposes ~ thereE~ expressed. And the said Petrinnia Keft~l ~ N~fe of the said _ W~I~~Q ~YZ ~1t~1 , upon a separate and p~ivate + exam~nat~on by me taken separate and apart from her said husband, stknowledged to and before me that she executed said instrument freeiy and volun- ; rar,ly and wrthout any tomputyior~~ constrainr, apprehens~on, o? fear of or f~om her sa;d F~usband. - F WITNESS m~i~h~~ ~ e}fitial-sea! this 27tb da of J~e , A. D. 192,~ ~~y,.~ ` , ' y ~ ~ ~ ~ _ ~ - / : . <,i . _ ~~Iv~"'7~~4/! ~ ' .C~/ . ~ V~~~••..l ' I~otary Public in and for e State of Fbrida at large ~ ~ty~~- Y ~ My Commissio~ expires: •.J _ F17S} ~f~1m .SAV/Il9f_~1~W~1. ~LOC~~ION ~ 01~E~pQ'~~erce ~ f P r orl~ •~C•;'; • Naary Pob~e, S~. eiRoddo a toro. ~ ~ . : : ~ ~ . ~ . ' _ ~ ; My tom~n+~en ExpK.s ON. ~0, / 7~ ~ v~'•• t~ bonded 6y A~,,.~KO~ F~n 6 Cosudilr G~ ~i ~'••..~s••' ; T~ , : AT~. 3 This tnfffilNt~?iT Prepared By J. H. Roberts, J]c. FIlEO AMD R6COR~0 ~ First Federal Savings & loan Association ST.lUC1E CUUN~Y LA. . ~ F'loYida~ ROC~ R POlTRC S l~ of Fort Pierc 2 CIERK Ct^CJI~ OURT ~ RECOR~J YE~'.iFIED ! } Checked By~ 3 (Q 45 !?f~ ~~3 ~ ~ ~ so~x 215 ~ ~ - ~ ~ ~ ~Y~.. ~ _ ~ ~ ~ ~ . . ~ s~~~