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Home My WebLink About2878 To place and continuouily keep on the bui'd~ngs r.ow or haeaf~es ~;tuete on sa~d land a~d a+ all equ~p~nent and penonslty covered by th~s ma~g ege, with all premium~ Ihareot? pa~d in full, lirc insurance in ihe usual slandard poGcy fo~m, in • aum ap{xoved by the MORIGAGEE, and wmds~oim ~nwrance in the uswl standard polcy fwm, in a s~,,m appro~ed by the MORTGAGfE, in svcfi tanpany or companies as the MORIGAGEE ~uy d~rectt a~d all fire and w~ndsloim insu~ante potic~es on •ny ol said build~ngs, any interes~ therein or p~~1 thereol, in ~he aggregate tum atorc~aid w In excess Ihereof, shall contain ~he usual uandard mortgagee dau:e u such oihe~ clause ss ~he Ma~yagae may requ~re, msk~ny rhe loss u~xlr. sa~d poli- cief, each and avrry, payabte to aaid MORTGAGEE as itf intereel msy apppar, and each a~d every such policy ahall be promptly ass gned and detive~ad to any heW by said MORTGAGEE as furt~er security to said owngage deb1, and, nol less than ten (10) dsy~ in ad+a~ue o) the expiration oi each policy, to de- iiv~~ to said MORiGAGEE a re~uwal Ihertwf, logethsr wi~h a receipt for Ihe premium of such ~enewal; and there shall be no fire er w~~~ds~orm inaurance plac~d on any of said bvildings, any interest thuei~ w part Ihereof, unle~s in Ihe form and wilh Ihe lou payabte as atoresaid; and in the event any sum of money bccames payab:e under such poiity a policias said MORiGAGEE shall ~ave the opt~on to reteive and apNly the sa~~ie o~ accou+v of the indrb?eel- ness sewred hereby w ro permit said MORTGAGORS to ?eceive and u?e it or any parr ~t~r:cof fo~ o:hrr µur;~osrs. •:.~thc;,,t th u~ .v~r.~•~~ ~r ~~::~o~r- ~~g an~ equ~ty, lien or r~ght under or by virtue of this mo:tgage;.and in the event sarc! MORTGAGQRS ahatl for any reason (ail to keep the ss~d p.e~nis~s so ~nsured, w fail to de~~ver pranpUy any of said pol~uea of insuro~~ce to sa~d MORIGAGEf, or fai! p:ompily to pay tutly any prc~~~~~~n thcrrfor or i~~ any roapett lail to perfam, discharge, ezecute, eHect, co~~plete, tomply wiih and abid~ by ~his tovenant, w a~y part hereof, sa~d MI:iRTGAGEE may piate a~~d pey iw such insurancs or any part thereof w~~hout waiving or affec~ing any optfon, lien. equ~ty, or ?ighr under or by virtve o( ih~s Mwtgage, and the f~lt amaunr Af each aod every a:,ch paymen! sFwll be immediately due and payable and sha11 bear iNNre~~ trom ~he date thercof until pa~d a1 the rate ol . nine per centum per annum and to~rther with such intereat shall tx sewted by the litn of this mortpage, To permil, commit or suf(er no waste, impairmenl w dcterioration of said property w any part thereof. 5. To pay all and singutar the costs, cAsrgea snd expenses, inciuding a reasonable artorney's fee and cost~ of absf~ads of t~tle, incurred or paid at any tir*:e by said MORTGAGEE, because a in the cvent of the failure o~ the part ot the said MORTGPGOR to duly, promptly and fully perform, d~scharge. execu~e, etfecl. complete, comply w~~h and a6;de by each and every the atiputations, agreements, conditions, and covenants oi said promiswry no~e and thi• mortgage any or e~~her~ and sa~d cosrs, charges a+id expenses, eacb and evny, shall be immed~atety due and payable; whether or not ~he,e be no~~ce da mand, atiempt ro collctt or suit pend~ng; and ~he full amount o) each and e~ery such payment shalt be~r interest irom the date thereof uotil paid ~t the r.,fe of :~~ne per centum E;er annuv; and aU said cos~s, charges and expenus incurred or p~id, togethe~ w~~h sucA in~ers~t, st~all be secured by ~he lien of th~~ mongage. _ 6. Tha~ (s) in the avent of any breach of this Mwtgage o~ default on ~he pa.t of !he MORTGAGOR, w(b) in the event •ny of sa~d sums of money herein refe~re~ to be no1 pranptly a~d fully paid wi~hin thirty (30) days oext at~er the same sr~eratiy become due and psyable, w~thout demand o? notite, or (cj in the event each and every the stipulationa, agre~me~~ts, condiiions and covenants of sa.d p~emissory ~ote ar~d th~a mortgage a~y or e~ther are not ~uiy, promptly and (ul?y performed, d~scharged, ezecuted, effeued, completed, compiied with and abided ~iy, then in e~ther or any such event the sard ag 9rcgate sum mentionet~ in said p~omisswy note then remaining unpaid, wi?h interesl accrued, and a~l moneys secured hereby, shall become due a~d pay- ehle forthwith, or thereafte~, at the opt~on of said MQRTGAGEE, as fully and completely ai il all of the said s~ms of money wer~ onginally shpulated to be pa~d o~ such day, anything in sa:d p~om~ssay ~ote or in this Mortga9e to the contrary norwithstand+ng; and fhereupon or thereafter at ~he op~~on of ss,d MORTGAGEf, w~~hout notice or demand, suit at law or in equity, therefore or thereafter begun, may be prosecuted as if alI moneys aecured hereby r.,:d maWred prror to ~ts instituteon. 7. That in the event that at ~he beginning of or at any time pending any tu~t upon this 1VM1ortgage, w to foreclose it, or to reform it, or to enforce payment of any cl3ims hereunde?, said MORTGAGEE shalt apply to the Court having jv~iadiuion thereof for the appomtmeN of a Receiver, such Court shall Forrhwith appoint a receiver ot said matgaged property all and singular, includ~ng all and singu~ar ehe incoaie, prof~ts, ~saues and revenues irom whatever scurce derived, each and every of wh~ch, ir being express~y unde~stood. Is F.ereby martgaged as if specifically set forth and deuribed in the granting and habendum clavses hereof, and such Rece~ver shall have all the brwd and efiective fun<~~ons and powers in anywise entr~sted by a Court to a Receir•er, and _ s_ch appointmem shall be made by svch Cowt as an admitted equily and a matter of abso~ure r3ght to wid MORTGAGEF, snd witFwut reference to the adeyuaty a inadeq~acy of the value of ~he prope~ty mortgaged or te the so~vency or inso!vency of said MORiGAGOR a the defe~daots, and ihat such rems, profits, income, issues and revenues shall ba applied by such Receiver accord~ng to the lien w equity of said MORTGAGEE and the practice of such Court. • 8. 7o dufy, pramptly and fully prrform, distharge, execute, eifed, complete, comply with and abide by each and every the stipulations, agreements, cond~tions and covenants in sa~d promissory note and this mortgage set fwth. 9. That in the event the owne~ship of the mortgaged premises, or any part the~eof, betomes vested in a person other than fhe N10RTGAGOR, the :•.QRTGAGEf, its successars and assigns, may, witho~t notice to ?he MORiGAOR, deal with wch successw or succeasw in imerest with reference to thia ~rc~tgage and the deEt hereby secured in the same mann.-r as with PJlortgagor without in any way vitiating o~ d~uharg~ng the Mo.tgagori liabitity here- c;nder or upon the debt hereby secured. No safe of the premises hereby mortgaged and no forbearance on fFx part o~ the MOR1GAGfE or its successors or ass~gns and no extension of the time lor the paymens of the debt hereby secured given by the /VORTGAGEE or ita successws or ass~gns, ahall operate ro re!ease, d~scharge, modify ~hange or affect the originat liabil~ty of the MORTGAGOR herein, eitFxr in whoie w i~ part. . l0. It is speufically agreed that time is of the essence of this contrac~ and that no waiver of arty obl~gation hereunder or of the obligation se- cured hereby shall at any time thereafter be held to be a waiver of the terms hereof or of the instr~ment ~cured herby. I1. In addnion to the forego ng month!y payments of princ pal and int=rest requi.ed by the prom~swry no!e setvred hereb~, nwr~gagor covenants e~•:i agrces to pay to mo•tgagee ~n;th each monthly oay~nent an add~~ional sum es~~mated by mortgagee to be equat to 1;`12 of the annual wst of the foliow- ~ny: A-AU real property taxes le~.ied or assesscd agai•~st the a6ove deso~6ed real esrate. 8-Vrenuums on fire and +rindstorm inwrar.ce az herem requ~red to be carried en the lmproveme~ts s~tuate on tFie above d=scribed premises. C-Prem,u~ns o~ wch mortgage gvaranty ir.wraoce as mortgagee shall frone rme to time deem fit to carry on the loan securQd hereby. Mortgagee sha~! from f~me to nme ncrify mcrrgagor en writ~ng of the an:oum due and payable here~ndzr and such sum shail thereupon be due and ~.ab~e on the due date ot ~he next momh'y payment and each succeuive month thereafter ur,ul mortgagee shall notify mortgagor of a change in such oum. $i~ch sums s~a:t br app~ied by mortgayee toward the payment of real property taxes, insurance prem.ums, and mortgage guaranty insurance r;•er.^.iums. IN ~'~ITNESS WHEREOf, the sa~d MORTGA(',OR has hereunto set his hand and seal the day and yea? first aforesaid. ~ Signed, Sealed and detiver 'n the presence oS: . Seaq _.c- B. Roy Lo , a single adult ~~,q (Seaq . (Seaq . ~ ~ 5: ATE OF fIORIDA ' ~ ~JUNTY OF St . L11C1@ ~ ~ ' Bef«e me perwnally appeared B. ROY IAWe~ a sint~le adult j r- . , to mp well known and k~own to me to be i rhe individual described in and who executed tiv_ iwegoing instrument, and acknowledged before me that he executed the same for the purposes ~ rhere'+n expressed. X~LJI7~LX7iaC ' ~GAGiQi~ . - "`".n~.r....wi.ws:s.,a+~.77s~e7F i i ~ ~ Wl7NES5 my hand and official seal thi , day of ~cq, i~*;~ ~ <<~ ~ < < ~ 1~tl~:tlt{tlfrN/~~~~~, a, ~i Notary Vubl~c in a~d fw the State of F~Id~, ' My Commission expires: C ~ac~ ~ - Retum Ta: i ~ L` ~ : ~ = First Federal Savings d~ loan Associat~on f+~" sr~.rB ~f fi~N~~; ~ r ' _ of fo~r v,~ . . FXPiPES 1 r vc ~ ~ ~ ~ ~ . :ce. I.,. . , .....~L~d1) b~::n..tc . _ tR,;. .Q ~ ~ . Fort Pierce, Ffo:ida _ 7;~` .;.0 O~ ~ f. - ~'1 ` - ~J ; F.• ~ - ~ ~ ; • - ~ ~ _ J~~7.,, w~ ~ ` This Instrument Prepared By Gazy F. Ellwood ~~`'`'r••• r,,,~.1~''~~~ First Federal Savings & Loan Association ~ FIlE01?MD f:ECOROED O~ of Fort Pierce , Flarida ST.LUCIE :.OU~1TY F11~- ~ = ROCER PJ~TRAS > Checked By CtERK CtF.CU17 COURT # REC~R~ VEF~ftEO F § g~~~~ ~15 Yacf 2$71 ,hn. 3 10 4s AM'~3 ~ - ~ _ - St.~" ~ `s ...,~.~4'~^v.°* ~,'z';a.T~~ ~c ~ ~ - e Y { ~