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Home My WebLink About0576 3. To p~+ce and cortinvovsiy kaep a~ tna Gui:J~nys ncw or hereafter ?~tuate on sa~d land and on all eq~ipmero and pen~~ally covered by thi~ mortg- sgs, with all premiums thereon po~d in iu;l, lirr insv~anct ui the us~al sta~~a~d po!icy form, in e sum e~proveJ by ~he h10R~GAGEE, e~~d w~nJatwm fnsurance in the uwal sfanda~d po:,cy lo~m, in a?vm appiovrd by ~he MORTGAGEE, in sucfi canpany or co~npan~es as the A10RiGAGEE may dhect; and aU fire and w~nditarm ir.suran« policies on any of sa~d build~ngs, any interzst thc~e~n or pa~l Ihe~eof, in the agg~r9ate sum aioresaid or in a:cess Ihereo(, shall contaio the uaual standard mortgagee dause o~ wch other dause as the Mortgagee may requ~re, making tha iois undar smd po~i- cies, each and every. payabte ro said h1JRTGAGEE as ~ts in~~rest may appea~, a~ul each and every wch puhcy ahall be promptiy assyned and de~ivered ~o eny held by saio MORfGAGEE as (u~~her security to sa~d n,ortgage debt, and, not Irs~ than ~en (10) days in adva~ue of the exp~~at~oo of each pot~cy, to de• live? lo said MORTGAGEE a renewat thereof, toge~her with a reteipt fo~ Ihe pre~nium oi such renewa~; and there shall be no f~re o~ w~nds~o~~~ insurance placed on any o1 said build~ngs, any interest thera~n w part lhereoi, u~less in the form and wi~h the lois payable ai atoresaid; and i~ the event any sum of mo~ey becomes payablr under acch policy or poGcies said MORTGAGFE sh.~ll hara the opt[on ro reca~ve and apply the same o~ account of the ind~•b+ed- nesf secureJ hereby w to permit aaid MORTGAGORS 1o receive and use it w any pa~t the.eoi ior ooi~.•r H~~4~~ics, .•+~«~o.t th_r~ u~ •.r.;~.~ i~ or ing any equity, lien o~ righl uodrr w by virtue of ~his mo::gage; and in the eveM sa,d MORTGAGORS shall for any ~eason fail t~ keep ~he sa~d premiaas so insu~ed, w fail to deGver pranp~~y any of sa~d poGcies of insuiance to sa~d MORTGAGEf, or foil promp+ly ~o pay fu:Iy any pre~~~~~m thr~efor or in a~y respect fail to pe~form, d~scharg~, execote, efFec/, complete, comply wi~h and abide by this tovenan~, o~ any p~rt hereol, sa~d MORTGAGEE may p~ace a•~d pay fa such insurance or anr pa~t thereof withoot waiving or sfiectiog any opt~on, lien, equey, oi righ~ unde~ w by virrue of this Mortgage, and tAe full amouM of each and every such payment shalt be immediately due and payable u~d shall bear intrrest from the date thereof until poid at the ~ate ol nine per centum per a~num an~ to~rthrr with such interest shali be sec~red by the iien of this mortgage. 1. To permit, tommil w suffer no waste, impairment or deterioration of said property or any part thereof. 5. To pay atl and singular the costs, charges and expenses, ~~cluding a ~easonable attwney's fee and cos~s of atstracts of title, incurred or pa~d at any ti.~e by said MORTGAG:E, beca~se a in the event of the fa~lu~e oo the part of the said MORiGAGOR to d~Iy, pro~npily and fully perform, d~scha~ge_ execute, effet?, comp:ete, comply w~th and ab:de by each and every the st7pulat~ons, agreemenis, condiNons, and covenanrs o~ said promissory note and th~e mortgage any or either, and said costs, charges and eapenses, each and every, shall be immed~ately due and payabfe; whe~her a f+ol ~here be not~ce d~ mand, atlempt to collKt O? s~it pend~ng; and the full amount of eMh a~d every s~ch payment shall bear interesf from the date thereot until pdid at the rate of n~ne per crntu~~~ p<< e~uiurn; and a~i said cos~s, cl}arges and ex~enses incurred or paid, together w~th such interest, st~all be secured by the t~en o1 this mortgage. 6. That (a} in the event of any braach of this Mortgage or defaul~ on the part of the MORiGAGOR, or (b) in the event any of sa:d sums of mo~ey herein referred to be no1 prompfty and fully paid w~~hin th;rty (30) days next aiter ~he szme severatly become d~e and payable, without demand or notice, or (c) in the event each and every ihe stipufations, agreements, cond~tions and covenants o1 sa.d promissory note a~~d th~s mortgage a~y a either are not ~vly, promptly and 1ully per(wm~d, dacharged, executed. elfected, completed, compGed w~th and ab~ded by, then in e~ther w any tuch event the sa~d ag gregate sum mentloned in saed promissory note then remaining unpa~d, with intere;t accrued, and att monrya xcu:c-d hereby, shal! betome due and pay ab!e forthwith, or thereafter, at the option of said MORiGAGEE, as fuliy and comp~etely as ii all of ?hr said sums oi money we~e or~ginally s~~pu:ated ro be pa~d on such day, a~ything in sa:d pro:nissory note or in this Mwtgagc to the cororary notw~thstanding; and thereupon or Ihrrealter at the opNon of s3~d MORTGAGEE, wit!wut notice o~ demand, suit at iaw or in equity, therefore or thereaftcr beg~n, may be p~osecu?ed as if all moneys secured hereby nad mawred pnor to ds institunon. . 7. That in Ihe event that at the beginn~ng of or at any time pending any su~t upon this Mo~tgage, or to foredose it, or to reform il, or to enforce paymertt of any daima hereurxler, said MORTGAG[E shall epply to the Court havirg ~ur~id~ciion thereot for the appo~mment of a Receiver, such Coun shaH Fortnwith appoinl a rece~ve~ of said mortgaged property all and sing~lar, includ:ng al~ and s~ngular the income, p~of~ts, iu~es and revenues from wh~terer s; ~rce derived, each and every of wh~ch, ~t be~ng exoressly understood, is hereby mortgaged as speufically set forth and dexribed in the graMing and habendum clauses hereof, and such Receiver shall have aIl the broad and effective funci.ons and po~Ners in anyw~se entrusted by a Coun to a Receiver, and s.ch appoinrment shatl be made by such Court as an ad~nitted equity and a mat~er of absolute r~ght to said MORTGAGEE, and without reference to the adequacy o? inadequacy of the value oi ~he property mortgaged or ~o the soirency or msotvency oi sa~d MORiGAGOR or the defentJonts, a~d that such renrs, profits, income, issues and revenues shall be applied by such Receiver accord~~zg to the tien w equ~ty of said MORTGAGEE and the practice oF such CourL 8. To duty, promptly and futly perfo~m, dis:harge, execute, eifect, cornplete, compt~ with and abide by each and erery the stipulations, agreements, conditions ared covenants m sa~d promissory note and this mortgage set forth. 9. That in the event the ownership of the mort~aged premises, or any part therecf, 6ecomes vested in a person other than the MORTGAGOR. Ihe M.ORTGAGEE, its wccessors and asvgns, may, without ~otice to the N.ORTGAOR, deal w~th suth suttessor or successor in interest wi~h reference to thia n:o; rgage and the debf hereby secured in the same manner as wi±h 1.1o~rgagor w~thaut in any way vit~ating w d~scharg~ng the /Aortgagors' liability here~ ~nder or upon Ihe debt hereby secured. No sale of the premises hereby mortgeged and no forbearance on the part o1 ~he /AORTGAGEE or its successors or assig~s and no exte~sion of the t~me for the payment of the debt hereby sec~red given by the MORTGAGEE or its successors or assigns, ahall operate ro release, d~scharge, modify change or affect the orig~nal I~ab:l~ty of the IY.ORTGAGOR herein, either in whole or in part. 10. It is spec~(~cally agreed that time is of the esser.ce of , this contract and tha? no waiver of any o6l~gat~on hereunder or of the obligation se- cu~ed hereby shall at any time thereafter be heid to be a wa~rer of the terms hereof or of the instrumeM secured herby. 11. In add,t~o~ fo ihe forego'r.~ month!y pay:nen~s of princ pal a~d inreres~ requ~red by tfie prom:ssory no!e secured hereby, rnortgagar covenams e+ d ag~ees ro pay to ~»orrgagee w~sh each mcn;h~y pa,~r:,e~>> an add~nonai sum est::r.ated by mortgagee to be equal to 1. 12 of the annual cost of the followr- :~,g: A-AII real prope~ty taxes levi^d or asses:ed agai•,st thc abo~e desaibed rea! esrate. f B-Rrem~ums on fire and windstc:m insura:~ce as herein requ:red to be carried on fhe ~mproveme~ts s:tuate on the above descri6ed premises_ ~ C-Premwms on wch mortgjge guaranty ir~urance as mortgagee shail from t~me to time deem fit ro carty on the loan secured hereby. Mortgagee shai~ from r~ne to t~rr.e notify mortgagor in writing of the amount d~e and payabie hereundrr and such surn shail thereupon be due and ~ F ayable on the due date oi the r.ext month:y payrnent and each succ~ssive month thereafrer ur.til mortgagee shall not;Fy mortgagor of a thange in suth ~ , ovnt_ Such sums s6a:l be appiied by mo~rgag~.e toward the payment of real properiy taxes, insurance prem.ums, a~~d mortgage guaranty insurance g r.-emivms. ~ IN Y~ITNE55 ':/HEREOF, the sa;d MORTGAGOR has hereunto set his hand and sral the day a year first oresaid. ~ Signed, Sealed and delivered in the presence of: ~ B _ - ~ a4 ~ ai1 P {sea!) ~ • (Seaq - ~ 8?]C ]C@t M• T3t7 lw seap STATE OF~ ~11~w `,rlLk ~ ` s-r~ Teti- ~ SS. ouNTV oF w~ Befwe me perwnally appeared Jean Paul Tanguay and Ma~cgaret M• T~l19L18?y h~s wife, to me well known and known to me to be ~ rhe individuals described in and who executed the foregoing instrument, and acknowSedged before me that they executed the same for the purposes therei~ expressed. And the said_ ~r9d~et N. Tan9uay ~ N~fe of the sa~d .J@dT1 Paul Tanguay upon a separate and privats ~ e,cam~nation by me take~ separate and apart from her said husband, acknowledged to and before me that she executed said instrumeqt free~y, and votun- ~ rar~iy and without any compulsioo, constraint, apprehension, or fpear of or from her said husband. ~ J ~ 1_ de of Jui?B '•~:,b._iq 73 WITNE55 my hand and officfal seal thi~__ y _ 6 ~ ~L- i _ ^ _ . NotarY Pu6 ic in and fo~ F?e S e bf et L~r9e . My Co ssion eapires: ,~~`K Return To: - • • . ± ' ~ First Federal $avings 3 Loan Aswciafion ~A ~l, $pT}~j~jQ(jQ'j,~ ~ ~ ' ks of Fo,r P.:: c~. NO?MT PUBLlC, Stat~ of K~w? Todt r.' _ Forf Picrce, Fionda ~~~~w% ~ ~il ~1~MC~NIK Cp{ipl~ . ~ . - Y... M.~ ~7y 258544 ~a This Instrument Prepared ByJ. H. RobeYts ~ Jr. ~ First Federai Savings & loan Association k- pEy~10ED f lEU E - ~ of Fort Pierce~ r~~dc s~, L11CiC ~O~JN Y FLA. RGCi 'Git1A5 iS~ CIEnK C!+~%U~T COURT Checked By R~~~~{~ ~~t,1fIED~..---- ~ ~ ° R 216 Y 5?6 ~o s~4 P~ ~ 30G~ ~Ci . z~ ~ ~ _ , - - „ - - - - - - - - - - < _ f s ~ a : ~ 'a a:'-e- ~ ~'~~~,3' , ~ ~ . ~ ~ ~ . > . _ . _ Q ?a~a i'.~