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Home My WebLink About0572 To place and co~t~nuouely keep on the Lvi!d~ngs ~aw or hereafter f~iVdt! Ofl S3~d land and on all equ~pmem and personaliy covered ty this mortg• sg~, wi~h all p~emiums thereon pa•d in full, fire insvrancr ~n the usuat etarxler~ pot~cy form, in + tum approvrd by the MOR~GAGEE, a~~d w~~~ds~orm insvrance in the usual seandard pot~cy form, in a sum approved by ~he MORTGAGEE, in such company or con,pan~es ss the MORiGAGEE may direct; and all (i~e and w~~de~orm insuror.~e po~icies o~ any of said build~ngs, any interest therein or part thereof, in ~he agg~ega~e su~n aloresaid or in ezceu ~he~eof, shall conta~n the usual s+andard morrgagae clause or such o~hr c~aues u the Mor~gages m~ey requ~re, making the loss undrr sa~d po~i- cies, each and every, pay~bte to sa~d MORTGAGEE as ~n iroerest may appear, and each a~d every such poiicy shall be promp+tY ass gned and driivered ~o any held by seid MORTGAGEE as (ur~he? security to sald mor~gage debi, and, not fess ~han ten (10) days in adrance of ~he expirat~on o+ each poi~cy, to dr liver ~o said MORTGAGEE a renewal thereof, logethet wi?h a ~eceipt for the premium oi such renewal; and there ~hall be no I~re or w+ndsto~m insurance placed on any of said bu~tdings, any i~terest therein w psrt thereof, unless i~ the form and with the lou payable as afaesaid; and in the eYeM any sum oi mo~ey becomes payabte under such policy w poGcies said MORTGAGEE ahall have ~he opt~on to rcceive and apply the same on account of the ind~b~ed- ~ess secured hereby or ro permit sa~d MORTGAGORS 1o receive ~nd use it a any parl thereof to~ oti~~•r purF,osrs, v~~~ho~e th:n u~ w.:~~~ ~3 cr ~~••p..~~- ing any equ~ty, li~n or righl unde~ or by virtue of tA~s mor!gage; and in the event said MORiGAGORS sha11 for any rcason fail to ieep ~he sa~d pre~nis:s so insured, o~ fail to detive~ prompNy any of sa~d policies ol insuro~ce to sa~d MORTGAGEE, or fail promptly to pay fully any pre~nium therefor or in any respect fail ~o per(am, d~scharge, e~ecute, eflect, comp:ete, canply with and abids by this covenaN, w any part he~eof, sa~d MGR7GAGEE may.piace ano pay fw suth insurance or any part thercof without waiving ot ~f(eding any optio~, lien, equ~ty, or right under w by virtue of ~his Mortyage, and the f~ll amou~t of exh and every such payment shall be immediately due and payable ~nd shall bear interes~ irom the date Ihereof until paid at the rare ot nine per tent~m per annum and to~rthrr with such interest shal! tx secuted by the lie~ of lhia mottgage. To permit, tommit or suffcr no waste, impairment or deter~oration of aaid propcrty w any part thereof. 5. To pay all a~d sin9ular the costs, charges and expenses, ~nclud~ng a reaso~sble at~wney's fee and costs of abstracts of title, incurred or pa~d at any time by sa~d MORiGAGfE, because or in the event of the fa~lure on the part of the said MORTGAGOR to duly, promptly and fully perform, d~scharge. execute, elfect, compfete, comply w~th and ab:de by each and every the stipu!at:ons, agreements, conditions, and tovenants oi sa~d promissory note and thi~ matgage any w ei~her, aod said costs, charges and expenses, each and every, shall be immed~ately due and payab~e; whether or not there be nonce d~ mand, attempt to collM a suit pend~ng; and the full amount of each and every such payment shall bea! interest from the date Ihereof unti~ paid at Ihe n~re of nine per centum per an~+um; and a11 said costs, charges and expenses incuned w paid, logether wuh suth interest, shall be ucured by the lien of this mwtgage. 6. lhat (a) in the event of any breach of this .Vlortgage or default on the part of the MORTGAGOR, or (b) in the event sny oi satd sums of money herein referred to be not p~ompily and Fully paid within thuty ~3U) days next ai~er the same seve~aUy become due and payable, wi~hout demand or notice, or (c) in the event each and every the stipulations, agreements, cond~tions a~d tovenants of sa,d promissory note ar~d ~h~s mortgage any or e~ther a~e not iu'ry, promptly and fully pertormed, d~scharged, executed, e~fectad, completed, compGed w7th a~d ab~ded `~y, then in e~ther or any such eve~t fhe sa~d ag• gregate sum mentioned in said promissory note then remaining u~paid, with interest actrued, and atl moneys sec~red hereby, shalt become due and pay ab;e (orthwith, or thereafter, at the option of sa~d MORTGAGEE, as fulty and comp;Nely as ii all of the said s~ms of money were onginaily st~pu:a~ed to be paid on such d~y, anything in sa:d pro:n~ssory ~ote or in this Mortgage to the contrary no?withstanding; and thereupon or thereafte~ at the option of sa:d MORTGAGEE, wiThaut norice or demand, su~t at law or in equ~ty, therefore or thereafter begun, may be p~osecufed as if all moneys secured hereby h.:d matured pnor to ds institution. 7. That in the event that at the beginning of or at any tirrK pending any suit upon this Mortgage, or to .foreclose it, or to reform it, or to enforce payment of any daims hereunder, said MORTGAGEE shall apply to the Court having junsd:dion thereof for the appointment of a Receiver, such Courf shail fcrthwith appo~nt a receirer of said mwtgaged property al~ a.~d singular, inttud~ng all and singu~ar tne income, prof~ts, issues and revenues from whatever so~~rce derived, each and every of wh~ch, it being expressly u~dersrood, is hereby mortgaged as if ;pec~ficaily set for~h and described in the granring and hebend~m clauses hereof, and such Receiver shall have all the broad and effec~ive fvnct~ons and powen in anyw~se entrusted by a Co~rt to a Recaiver, and s~ch appointment ahall be made by s~th Court as an admitted equity and a ma~ter of absolute r~ght to sa~d MORTGAGEE, and without reference to the edequacy or inadequacy of the vai~e of the p~operty mortgaged o~ to the soivency or ~nso!vency of said MORiGAGOR or thr defendants, and that s~ch re~TS, profits, income, issues and reve~ues shall be applied by sucA Receiver accord~ng to the lien or equity o( said MORTGAGEE and the practice of svch CouA. B. To duty, promptly and fulty perform, discharge, ezccute, effect, complete, comply with and abide by each and every the slipuiations, agree~nents, conditions and covenan~s +n sa~d promissay note and th~s mortgage set fwth. 9. That in the event the ownership o( the mortgaged premises, o. any part thereof, becomes vested in s person other than the MORTGAGOR, the !:.ORTGAGEE, its s~ccessors and ass~gns, may, w~thout notice to the MORTGAOR, deal with svch successor or successw in interest wiih reference to this rc~ortgage and rhe debt hereby secured in tne same manner as with Mortgago. w~thout in any way vitiating w d~scharging the Ihortg;gori liabitity here~ ~rder or upon the debt hereby sec~~ed. No sale of tF~e F•emisrs hrreby mortgaged and no torbearance on the parl of lhe MORTGAGEE or its sutcessors or assigns a~d no extens~on ot the time for the payment of the debt hereby secu.ed given by tF~e MORTGAGEE or its successors or ass~gns, a~~all operate to release, d~scharge, modi(y change or affect the wig~na{ liab~l~ty of the MOkiGAGOR herein, either in whole or in part. 10. It is spec~fically agreed that time is of the esser.~e of this contract and that no waiver of any obl~gat~on hereunder or of 1he obligation se- cured hrreby shafl at any tir.:e thereatter kx he:d to be a waiver of the terma hereof or of the instrument secured herby. I1. In aJd.tion to the forego n9 month!y payments of princ pal and interest requhed by the prom~ssery nw.e secured hereby, mortgagor covenants and aqrees to pay to mo-tgagee w~th each monthiy payn:ent an add~o~onal sum es~ ma+ed by mortgagee to be eq~ai to 1~' 12 of the ann~al cost cf the fol{ow- ~n~: - A-All real property taxes fev~ed o~ assesseci agai•~st ?he above desnihcd real es~ate_ B-Pren:~u~ris on fire and windsto~~n ~nsuracce as here~n requ~red to be carried on the improrements situate on the above d^scribed premises. C-Premiums oa svch mortgage guarjnty ir.surar,ce as mortgagee shail frc-r. hme to time deem fit to carry on the loan sttured hereby. Mortgagee shail from r~me to t~me ~otify mortgagor ~n writ~ng of the amount due and payabie hereunder and suth surn shal! thereupon be due and i c 3yable on the d~e date oi the next month:y paymem and each successive month thereafter urtii mortqagee shall not;fy mortgagor of a change in such f i• ount. Sucn sums sFaii be app~ied by ^~orrgagee r~ward the payment of real propeny taxes, insurante prem:ums, a~id mortgage guaranty insurante ~ o•emiums. ! f IN Y~ITNE55 ~:HEREOf, the said MORTGAGOR has hereunto set h~s hand and seal tha day and year first afuesaid. ~ ' ned, Seated and 'vered the preaence of: ~ D _ ~ ~ Seal) ~ = r: ; ^ (Sesl) ~ _ _ (Seal) g - (Seaq ~TATE OF FLORIDA ~ ~ S5. ~ COUNTY OF _ S± . I,`_l~. I E? Befwe me personally appeared Paul J. r~'i~?Y].BS and _ D r~ 1 P Ch e r i e s }~;s w;fe, to me well known and known to me to be ~ ihe individuafs described in and who executed the fwegoing instrument, ~nd acknowledged before me that they eaecuted the same fw the purposes ~ the•ein expreased. And the said Dale ~~'12t"t'C?S ~ Pc~illl ,J. C~'.er1C-'S ~ :;Ife of the said vpon a separate and private ~ e•am~nat~on by me taken separate and apart from her said husband, acknowledged to and belu~e me that she ezecuted said instrument freety and volun- rar,iy and w~thout any compulsion, cortstro:nt, apprehen ion fear of or from her said husband. T:.i ~ A. D_ 197 ~ s WlTNE55 my hand and official seal thi day of ~ ~ ~'t~ ~J Notary Public in and i the S te of fbrida at large My Commission expirEs: Returrt To: s` First federal Savings 3 Loan Aasociat;on ~t K; Of For1 P eree. - a• ^~;~UC. STA1E of FtORIDA et UI16f = Fort Pierce. Florida - _cc +p'~ 1, 19~7 , i`~~s` j on~~~~:.r5 ~fs~!]7'd1 . r. - ~ ` ~ ~a; This Instrument Prepared By Ri_c'~ard Y.. K~.ye~ 258542 ~ First Federal Savings 8 Loan Associati~n _ ~ of Fort Pierce fILEO Ak~ ?~fCORDED , f~ 1 ~ r:~ ~~a ST. lUC1E ~UUN1Y FLA. ~ ~ ROCER PC~TRAS ~ Checked Byt~=-i~3 CLERx ~ti~;C1lIT COURT ~ , RECORC ViF~F1E~...~- _ ~0 3 34 PN'73 ~ ~OC~ P~GL ~ ~ R 2i6 5?2 ~ j~ ~ ~ - - - - ~ ~1~,.~ - ' ~ ~w. . _ . ~ ~ ~~s: