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Home My WebLink About0189 3. To place and continuously keep on ~he b~i'dm9s ~~onr or hereafle? s~t~ate on s.;~d tand and un a!1 eq~ipment and personalty covered by this mortg- ego, with ell pitmi~m3 thrreon pa.d in f~ll, iue insurancc in the ~sval sta~Kla~d poGcy iorm, in s sum appw.ed by tha MvR~GAGEE, a~~d winds~onq ~ns~rance in the us~ai s~andard pol~cy form, in a:um approvrd by the AIORTGAGEE, in auch company or ca~npanies as tha MORTGAGEE may d~rect; and alt (ire and windstorm insurance po~ic~es on ~ny oi said build~ngs, any imerea~ tharein or part thrreol, in the aggregate •um aforesaid or in excess Ihereof, shall co~tain the usual srandard mor~9agee clausa or su<h o~her dause as the Mo~eyagee may req~~re, making ~t~e ~oss undrr ia~d poti- cie~, each and every, payab!e to said MORiGAGEE as .~s interest may appear, and each and eve~y s~th poGCy sha11 be promptly ass gned end del~v~r~d ~o eny held by said AtOR1GAGEE as iurthe~ security ~o aald mo~~gage debt, and, not teu than ~en (10) days io advance of ihe expnanon o~ each poficy, to da Gvet lo said MORTGAGEE a renewal Ihereof, to~e~hei with a rete~pl fw the premium of suth renewat; and thcre shall ba no fne or w~nds~o~+n inw~anca plxed on any of said building~, any interest therein w part ~hereof, unless ln ~he form and wi~h the loas payable a~ afuresaid; and in the event any sum 01 mo~ey beco~nes payable u~cier such polity or pal~cies seid MORTGAGEE afiall have the opnon ~o receive ond apply ihe same on account of the inJcDted- neis secored hereby or to permil said MORTGAGORS fo receive and use i? w any part th..~reot for oti~~v Hur} osrs. ~.~iho~t ih w~~.~ ~3 ~r u~~p,h- ing any equity, lien or righr undcr or by virtue of this mo:tgage; and in tha event said MORTGAGORS :hall for any reasoa fail to keep ~he aaid premia~•f so insur~d, or Fail to de!eve~ promptly any of said poliues of inwrante to said MORTGAGEE, or taii promptiy fo pay iuUy any prrnuum Ihertfor o~ in a~y respect (ai! to pe~form, d~scharge, execure, e~(ect, complete, comply wiih and abide by ~his covenan~, or any parl hereol, sa~d MGRTGr.GEE may piace a~~a pay fw such insurance or any part thereof wnhout waiving or atfecting any opt~on, lien, equ~~y, or ?~gh~ unJer o~ by virwe oi this Mortgaye, arod the full amounl of each ar.d every such paymrnt shall be im~ned~ately d~e and payable and shall bear interes~ from tha da~e thereof un~il p~id at the rate of n~ne per ce~t~m per annum and to~ether wAh a~th intrrtst ehaii be secured by tha Gen of ~his mwtgage. 4. To p~rmit, commit or suffer no v~aste, impairmrnt w deterioration ol sa~d p~operty or any part therrof. S. To pay all and singular the costs, charges and'exprnses, including a reaso~ab~e aftorney's fee and costs of abstracts of title, incuned or pa+d at eny time by sa~d MORTGAG:E, because w in !he event ol the fe~lure on Ihe part of !he said MORTGaGOR to duly, promptly and ful~y per(orm, d~scharge. °x~,cutz, efiect, complete, comply w~th and ab;de by each and every the stipulat~ons, agreen,ents, cond~tions, and covenanes of said prom~asory ~ote and this mortgage any w ei~her, and sa~d cosrs, charges and expenses, each and every, shall be immrdia~ely due and payabtr; wherher a not there be notrce d~ mand, attempt to colled or suit pend~ng; and the full amount oi each and e~ery such payment shall bear interest from fhe date thereof uroil paid at the r~re o~ nine per cenr~m per anu,,:n; end a!1 sa~d costs, chargrs and expenses incuired or paid, together w~th such interest, :hal1 be secu~ed by the lien of th~f morfgage. 6. That (a) in the avent of any breach of this Mortgage or default on the part of the A10RTGAGOR, or (b) in the event sny of sa~d sums of money herein referred to be nol pranptly and fully pa~d within thuty (30) days r~xt aftcr the sarne se~erally become due and payabte, wirhout demand or notice. or (c) in the event each and every ehe stipulations, agreements, cond~rions and cove~ants of sa;d pranisso~y note and ~h,s mortgage any or eiiher are nm i~,y, promptly and fully performed, d~achargeJ, ezecuted, effecred, completed, compl~ed wiih and abeded Sy, then in e~ther w any such event the sa~d ag- gr,_gate sum mentioned in said promissory note th~n re+naining unpaid, with interest accrued, and aii moneys secu~ed hereby, shall b~come due and pay- eb z forthwith, or thereafter, at the oprion of sa~d MORiGAGEE, as t~lly and compte~e~y as if a1i of thr said sums oi money were oNgin~lly shpu:ated to be pa~d on such dsy, a~ytAing in sa:d prom~sswy nme or in this Alortgage to the contrary nolxithstanding; and the~evpon or thereafte? at the option of sa.d MORiGAGEE, wrthout nor~ce a demand, auit at law or in eq~ity, therefore w thereafter begun, may be prosecuted as if all moneys secured hereby r., d mawred pr~or to its instituhon. ~ 7 That in the event that a1 the beyinn~ng of w at any time pending any su~t upon this Mortgage, o~ to fo~ectou it, or to reform if, or fo enforce F:a~~men~o( a7Y ctainr: he~eunder, sa:d MORTGAGFE shaU apply to the Court having ~ur~sd,aio~ thereof for the appo~ntmero of a Rece~ver, such Court shall tc~~h.vith appu~M a receiver of said mort~aged property all and singular, ~nciud,n~ all and s~~+gular ~he irtcome, prohts, issues ar.d reve~ues from whatever sewce derived, each and every of wh~ch, it being expressty understood, ia hereby morrgaged a~ if tpet;fica:ly se! forth and descnbed in the granting a~d hsbendvm da~ses hereof, and such Raceiver sha~l have all the broad ar,d effective fontrons and powers in anyw~se emrusted by a Court ro a Receiver, and s~ch appointment shall be made by such Court as an admitted equity and a matter of absolute right to said MORTGAGEE, and without refe~ence to the adequacy or inadequac~ of the valve of ttee prope~ty morigaged or to the so~vency or insoivency of said MORTGAGOR a the defandants, and that such re~rs, profits, incane, issues and revenues ahall 6e applied by such Rece~ver according ta the lien or eqv~~y of said INORTGAGEE and the practice of such Court. 8. To duty, promptly and f~lly perform, d~scharge, execufe, effec~, ccmptere, comply w~th and abide by each and every the stipulations, agreements, w~:ditipn3 and covEnan~s in sa~d p:omissory note ar.d this morrgage set forth_ 9. That in the event the ownersh~p of the mortgaged prem~ses, or any part thereof, becomes vested in a person other than the MORTGAGOR, the h•ORTGAGEE, its su~cess«s and assigns, may, wi~hout ~otice to the MORICAOR, dea! with such successor or wccessor in interest wi~h reference to this n,o~tgage and the drbt hereby secu~ed in the same manner as with rdortgagor w~~hout in any way vit~ating a d:s:hargi»g the ldortgagori liability her~ under or upon the debt hereby secured_ No iale af the premises hereby mortgaged and no forbea~ance on the parr oF the MOR~GAGEE or its successors or ass+gns and no exrens~on of the time fw the paymrnt of the deb~ hereby secured given by the MORTGAGEE ot its succeisws or ass~gns, ahall operate to re!ease, d~scharge, madify ~hange or affect the original liab:lity of the MORTGAGOR herein, either in whole w in part. 10. It is specif~cally agreed that time is of the essence of this contract and that no waiver of any ob`~gat~on hereunder w of the obtigation se- cu~ed hereby shah at any time rhe~eaher be held to be a wa;ver of the terms hereof or of the instrume~t secured herby. _ I 1. In aod ~;o~ ta the forego ng n,onih!y paym~nts of pri-:c aa! and intarest rc~u~red by the p~omtssory nore secured he+ab~, mortgagor covenants e• d aofees to pay to rr,ortgagee w~th each month:y pa~s;tent an add:r;onai wm esr~n a~ed by mortga~ee to be eqvai to 1; 12 of the annuat cost of the follow- ~;,a, A-Att rFal property laxes le+ie~' o~ assesscd ag3iost the above desc.ibed rtal estate. B-Pr~n:~u•ns on ine and windstorm insurance as here~n reqv~•ed lo be carried on the imp:ovements situate on the above dcscribed premises. G-Preinwms on such mortgage guaranty insura~:ce as mortgagee shaN frcm ~•me to time deem fit to carry on Ihe foan secured hereby. Mortgagee shaN from rime to nme notif~ morrgagor in writing o( the amovnt due and payable hereunder a,~d such s~m shafl thereupon be due and ;~~able on the due date of the next monthiy payment and eath successive month thereaf~er unti! mcrtgagee sha!) noYfy mortgagor of a thange in such ~ o~nt. Such sums stia:~ be appiied by mortgagee toward the payment of real pr~perty ta:es, insurante prem,ums, and mortgage guara~ty insurance ; ~.•emiums. IN Y~IiNESS :VHER[OF, the said MORTGAGOR has hereunto se! his hand and seal the day and year first aforesaid. ' ~gned, Sealed and delive in the presence of: ' CYOWQ11 ~a~y Z _ .~-L ?°af • ~sesn ~ - ' . . • ^ - {Seal) ' Ba rba ra J C ro~rell c~ai> s~:,TE oF FioaioA t i COU!JTY OF St . LLIC f@ ; SS' f ~ ' ! Before me penonally appeared Tommy A• CIOMI@ZZ and ` Barbara J. Cro~rell ~ - his wife, to me well known and known to me to be ; the ind~viduats described in and who executed the for~e ang inst~ument, and acknowledged before me tfwt they executed the same for the purposes ~ rh~rei~ expressed. And the said ~'r~ra ~j~ C10WQI1 .;:`e of the said ~ TOID~j/ A• CYOrflell , upon a separate and private ; e.am~netion by me taken separate and apart from her said hus and, atknowledged to and before me that she executed said instrument freely and vol~n- ~ r3nly and without any compufsion, constrainf, appre orYE~ar of or fr er a usband. i ( WITMESS my hand and official sea! th"vs_ / _ da of q. p. ~q 73 . ~ i Notary Public in and ~or ?he State of fbrida af L My Commission expires: Return To: ~ . ; Fi~st FederAl Savings b loan l+swciahon ~ t~i~:ij(h ~ ; ~ uG. ~ikiE ef f(ORfDA ~ ' Of Fort P c:ce. l.' at UlR~~' pa E R .~~'j, ° a - . ~r:s ~nr~. a -f ~ Fon P~er:e. flor~ a . . , ~ iy7~ ~ _a~ L•i~ 'r.cr5 7;~ t17 ~i y SpfdRiQ ~ t : t' i : ,C , f_ ~C4•~`~ . sf . ~ ~ - ~ - D 6:_,~~ Th~s Instrument Prepared By John W. Collins F?LEO M~0 RFGpAOfO ` Sa ti,~ iT. ~1?Ct[ C01lNT~ FLA, ~ First Federal Savings & toan Association R O C c R P 4 l T R A S f` = ~ of Fort Pierce Florida CIERK G14CUIT COURt ~ d`~'• ~ ~ • ~ • RFrf?qQ Yf ~tFlED~.r,..~ ~i,~r'QlF Ci' ~~''~`I~i~ 5 Checked By ~ ~ ~ ~ ~ y~HNJ~fi~lr~t~~~l . ~ 9 33 AN ~3 , # £00~ 216 rr~; ~ +2;3~~'7 . . , - - - - - . ~ ...a . . e..,. . : ~~ry K a..!T ~~Sie:F