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Home My WebLink About0578 3. To place and cont~nuousty keep on ~he b~~'d~ngs ~ow or herrafter ~~tuare o~ se+d IanJ and on a1S equipment a~~d personally cove~ed by thia mor~g- egs, w~th all prem~ums thrreo~ pa.d in (ull, hrc insuronce ~n ihe us.,al srandard po~rcy iorm, in a a~m app~oved by the h10RiGAGEE, a~~d windi~orm fnsuronce in ~he uwal sta~~dord po!.cy fo~m, in a wm apf~roved by the MORTGAGEE, in sucA co~npsny or co~npsn~es as the MORiGAGEE may dirtct; and all (ire and w~ndstorm ins~ronte po~~ua• on any of said b~ild~ngs, any in?ere~t the~ein or pa~l th~reof, in the aggrega~e sum afacsaid or in extess ~hereof, ~f~atl cumain the usual s~andard mortgagee dause o~ wch othe~ clause as Ihe Mongagee may requ.rs, makmg tiie lost unJer ~3~d PO~h c~es, each and every, paya~le to sald J~1~RTGAGEE as ~ts inTerest may appear, and eacA and every such po6cy shatl tx promptiy ass qnrd end delivcred ro eny held by sa:d MORiGAGEE as tur~hrr security ~o sa~d n:oc~gage deb~. and, not less than ten (10) days in advance of fhe expirat~on of each poticy, ~o de- Gver to said MORiGAGEE a r~newal the~cof, toge~her w~tA a rete~pt fw Ihe prem~um ol such renewal; and thero sh~ll be no irte o~ wind~wnn insurance - placed on +ny of said buildings, any intcr:s~ Iherein a part Ihereof, unleas in the (orm and w;th the lo~s payable as aforesaid; and in the e.en? any ~um of money becomes payab+r unde~ such policy or pol~c~aa sa~d MORTGAGEE shall have ~he opt~on to rrcr~ve and appty the same on account of the indebred- ne~s secwed he~eby o? to pernut sa~d MOR~GAGORS to receive and use it a any pa~~ thereof Iu~ e~nor ~.ur~ cs~~s, .v.~h;~t ~h: r. ur w:,~~: ~7 or ing any equ~ty, I~e~ or r~gfi~ u~der or by vir~ue of thif mo: tgage; and in the event sa~d MORTGAGORS shall ior any rcason (ail to keep ~he said p~emises so fnsured, w fail Io deliver pranpNy aoy of ~aid poLcies of inswa.+ce to sa~d MORiGAGEE, or fa~l prom;,!ly to pay fulty any pre~t~wm the~efor or in anY respect (aii lo pe~iorm, dn.harge, eaecute, e+fect, canplete, comply wi~h and ab~de by ~his tovenan~, or any p~rt hereof, said MGRIGAGEE may pface a~~tl pay (a tuch inw~ance or any part thereof w~tho~1 waiving w a(ieUing any opt~on, Iien, equ~ty, o~ right under or by virtue of fhis Mor?gage, and fhe fuU amount of each and erery such paymem shall be ~mrned~ately due and payable and ahall bear interest from the date the~eoi until paid at the ~ate ol mne per cenwm pcr annum and tu~ethe~ w~~h such intcrua~ shali be sewred by the lien of this mo~tyage. I. To permil, commlt a suffer no waste, impair~,ent or detcr~oratwn of said property w any part thereof. 5. To pay all and singutar the costs, charges and expenses, ~ndud~ng a reasonabte aifomey's fee and costs oF abs~racts of ~it1e, incuned or pa~d at any time by said MORT~,AGfE, becauae o+ in the evcnt of the failu~e on thc part of the said MORTGAGOR to dufy, promptly snd futly perfam, d~scharge. execute, effect, canplete, comply wnh and ab.de by each and OvNy fhe Sfip~lal~ons, agree~nrnts, conditions, ar.d covenants of sa+d promissory note a~d thi~ .~~o~tgagz any or e~~her, and said cos?s, charges and expenses, exh and every, shall be immediately due and payable; whe~her o? not thrre be nor~ce de mand, at~empt to cotlect w suit pend~ng; and the full a~nount of each and every such payment sha~t bear interest from the date thereot until paid at the r,,re o! nine per centum ~ur annu:n; a:~d all said co:ts, ci~arges and eYprnses inturred or paid, together w~th s~ch irterest, shall be secured by Ihe iien of thii moitgags. 6. That (a) in the ovem of any breach of this Mortgage or default oo the part oF the N.ORTGAGOR, or (b) in Ihe event any of said sums of rtw~ey herein referred ~o be not promp~ly and fully paid wi~hin Ihuty t30) days ne,et afte~ the same severally become due and payable, wiihout demand or noeice, o~ (c) in the event each and every the stipulat~ons, agreements, condni~ns and covenants of sa.d prom~ssory note and th~s mortgage any or e~tAer are not iuly, prompHy and fully pe.Eorr.~ed, d.scharged, execut.d, effecred, tompleted, compGed wi~h and ab~ded 5y, then in eithe~ o~ any such eveM the sald ag gregate wm mentioned in said promisso~y note then ~emaining unpaid, w~rh interest accrued, and all moneys secured he~eby, shall become due and pay- ab:e fortnwith, or rhereafier, at the op~~on of sa~d MORTGAGEE, as fully and completety as if all of ~he sa~d sums of nwney were originally st~puiated to be pa[d oo such d~y, anything in sa:d prom~sswy note or in this Mortgage to the contra~y notwithstand~ng; and thereupon w thereafter at the opt~o~ of s~~d MORTGAGEE, without r,once or demand, suit at law w in equ~ty, the~efore or tAereafter begun, may be prosecuted as iF all moneys secured hereby n,d matured pnw to ~ts institution. 7. That in the event tfiat at the begir.n~ng oi or at any time pending any su~t upon this Mortgage, or to foreclose it, or to reform i~, or to enforce ,~yme~t of any claims he~eur:der, sa:o MORiGAGEE shntl eppfy to the Cou~~ hav~r,g ~ur~sd~c~~on ~hereof ior the appamment of a Receiver, such Cour1 shall fcrthwith appo~nt s receiver of said mortgaged property all and singular, in;lud~ng atl a~~d singvlar tt~e income, prot~fs, issves and revenues from whatever s~u.ce derived, eacn ancl every of wh~cfi, it be~ng express;y understood, is hereby morigaged as if spec~f~calty set fo~th and described in the gronting and h~bend~m dauaes hereof, and such Receiver shall hare a? the broad and ef(ective funu:ons ar.d powers in a~yw~se emrusted by a Court to a Receiver, and s..ch appointmem shall be made by sach Cou~t as an admitted equity and a ma~ter oi a6sot.,te ~igh~ to said MORTGAGEE, and wiihout refe~cnce to the eJeq~acy w inadeqvacy of the value of ~he property mortgaged or ~o the sotvrncy or mso~.ency of aa~d MORiGAGOR o~ the deferxlants, and thaf such renrs, profiu, income, issues a~d revenues shall be appiied by such Recene? accord~ng to the iien or equity of sa+d MORTGAGEE and the practice of such Court. 8. To duty, pro:nptly and fufty perform, d~scha.ge, execute, effect, comptete, comply wi~h and abide by each and every ihe slipulations, agreements, conditions and covenants in sa~d promissory note and this mortgage set fath. 9. That in tne event the ow~ersh~p of ~he mortgaged pre:n~ses, or any Fart thereof, becomes vested in a person other than the MORTGAGOR, 1he :•.ORTGAGEE, its wccessors ar.d ass+gr.s, may, without notice to the MORTGAOR, deal with such successor or successw in interest with refercnce to thia n~.e~igage ar,d the deb~ hereDy secured in the same manner as w~~h Mortgagor w~thout in a~y way vit:ating or d~schaig~ng 1he Rtortgagori liability he:~ ~^der a upon the deb~ hrreoy secured No sa'e of the Frem~ses hereby mo~tgaged and no fo~beerance on the pari ol the MORiGAGEE o~ its successors or assigos and no ezrenS~on o+ the f+me for rhe payn:eM of the debt here6y secured given by the MORTGAGfE or its successors or au~gns, snall operate ro retease, d~scharge, modify change w affect the orig~nal Gab;l~ty of tne MORfGAGOR herein, e~ther in whole or in part. 10. It is spec~fically agreed thjt nme is of the essence uf this contract a~~d that no waiver of any obligat~on hereunder or of Ihe obligation sr cured hereby sha:i at a~~y time therea'ter be he:d to be a wa~rer of the terms hereof or of the instrumeM secwed herby. 11. In aod :,o:~ to the forego n~ rn~,~,th'y Uayn:^nts of princ pal and interest requ~red by the prom~ssory no!e se.ured hereby, mortgagor covenants ~~~d agrees to pay to r~o:tgagFe +ti~th each e~~n~h!y pay~..ent an ad3~tional sum estln•.ated by mortgagee to be eq~al to 1; 12 of the annual cost of lhe follow- in:3: A-AU real property taxrs ~ev~ed or assessed egai~~st thc above describ~ d real estate. B- P:~-~~:^s c:s f:re ar.d ;vir.ds!o^r. ees•r.acte as her=in reqv:~ to be r>••icrl ~n thn ~m~ rovements s~tuate an the above described premises. C-Premiums oa wch mortgage guaranty insura~ ce as morrgagee shall from t:me ro time deem fit to carry on the loan secured hereby. I Mortgagee shail irom t~me to t~me nonfy mcrtg~gor ~n writ~ng of the a+r.o.,~t due and payable hereunder and wch sum shail thrreupon be due and ~ c~yab!e on the due date of the rext n-vnth:y p~ym.ent and each successive rnonth the:eafier urtil mortgagee shall, notify mortgagor of a change in svch ~ e o~nt. Such sums sha:l '.x ap~.!ied by mortgag~e towa.d the payment of real property taxes, insurance prem;ums, and mortgage guaranty insurance ~ „remiumS. ~ IN WITNESS N EREO~...~e sa~d MORTG GOR has hereunto set his hand and seai the day and year fi~st afo~esaid. ~ i ed aled nd deliver in the pr ence of: ~ ¢ ~ „ ~Seal) ~ . ~1. ?8 ~ (seaq ~ ~ i e,c .2 _ [ ~ r c 1 _ csea~) ~ csean ~ - ro . ~ S~ATE Of fIORIDA COUNTY OF Str• IA1C~9 ~ ~ 1 Before me pe+sonally ap~,eared NOrD~n T818~8 and _ ~1'OZ A• T81.81K~T18 h+s wife, to me well knpw~rand khodvp to me to be the individuals described in and who eaecuted the foregoing inslrumeM, and acknowledged beforo me that they execuied~'At~'laqe ~for fhe . purpases ~ rherein e+pressed. And the said- ~r01 A• T8181~ _ ~v;fe of ti+e said NOI'~Tl W~ T8~8l~~DA ' ~3 vpon a separ~te aeld prTvate ~ e. amination by me taken separate and apart from her said h~sband, acknowledged to and before me that she execufe~ sa~d AnfRb~~l~re~ly at~d volun- ~ ~a~,1y and w~thout any compulsion, constraint, apprehens~~1 o~r, fear of or from her said husband. ~ = _ ~ WITNE55 my hand and offiual seal this- ~1.bL1~ day of J D.' 14 ~3 ~ J ~ , . ~ LLZ 1Lc G[~. 1 ~ ~ i ' • E . . . • . ; _ - Notary PubGc in and for the Stat ' f Ek~nd aR terge ~ y My Cornm~ssion ex ues: c r/-c '''s Return To: ~ v - / v ''f First Federal Savings b Loan As»ciation ~f t-~ ~~S Of ForT P:erce. L~r~ ~~ct7~ O - Fo~t P~~«e. F~.~.~~d ~u~~[ G~UMtY °r~~, Rt~C~F POITRA6 Q= C~,E£K C+;~ :U~T CAUAT ~ AitCRfi ~C; ~~l~0,~.,..,,,,~ This Instrument Prepared By R. A. Sxiah~er, Jr. u 7 First Federal Savings 8 Loan Association ~ ~Q 3 3~ PI? s13 of Fort Pierce~ ~jO~da a~ ~ ~ Checked By ~ ~ ~ boo~ 216 ~ 578 ~ - ~ _ - - - _ ~ - - - - ~ r~:~~~..~r~~__.~:.._ ~