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Home My WebLink About0792 3. To placa and continuo~sly kecp o~ rhe bw:d~.~~ now o~ hrreaf~e. s~~ua~e on sa~d la~d ar.d on a~l eq.,ip~nenr and perionally covrred by lhis mw~g- ege, w~th ell prem~u:ns t~ercon pa d~n iull, f~rc ins~ro~xe ~n tho ~sv.+l sra~~dard {x~i~ty form, in e wm aFprovvd by the MORiGAGEE, and w~~dstorm (nsursnce In the u:vai irenda.d po'.cy fonn, in ~ sum approvcd by ~hr A~URTGAGEE, i~ such comp~ny or companrcs as ~hs M02iGAGEE may d~r~u; and aU fi~e and w:nd~iorm inwrance poLc~ra on any of sa~d buiM~ngs, any interei~ rhereln ar pa~~ the~eoi, in tM aggrrqere sum ~fore:a~d or in eaceu Ihrrcof, shall conuin tf:e usual s~anJ~rd mortgegee clause oi such o?hei tla~se as ~he Morigayee may requ~re, ma4ing the I~~s vnde~ sa~d poli- c~es, each and eve.y. payabie to sa~d h~ORTGAGEE at ~~s ~n~eres~ may appea., a.,d rech and every su<h poiky ahall be promptly aas g~ed a~.d dei~ve.cd io eny held by sa~d AlORfGAGEE as furtFw;r secu~ity to said ~nortgege debt, and, not less thaa ttn (t0) days in ad+ance of the expirat~on of rach poLcy, to da I~ver to seid h10R1GAGfE a renewai Ihe~eof, ~ogethrr wnh a rece~pt for ~he p~emium of such rer~ewal; and ~hare shatl be no i~re o~ wL~ds~wm inswance pleced on any of said buitd~~ga, any intcrest therem w part thereol, unless in the form and wnh ~he lou pa~autc as afore~eid; and io the cve~! any sum of money becomes payab!e u~~der s~ch µoticy a pol~c~es seid MORTGAGEE thall Aavs th~ ophon to recrive and apply tha same on account of the i~ulebted- neas secu~ed here~y o~ ro pc~mif said MORTGAGORS to reteive end use it w eny pa~t thereol fnr e;~~•~r ~,ur.•.scs, .~::~F~.;,;t Jh,..a~ v.;.~.;n~ o+ o~:p..~r- ing a~y equity, lie~ or ~ight u~drr or by vir~ur ot this mo:tgaqe; •nd in fhe avenf sa~d MORTGAGORS shal! fa any reason fail to keep the said premisa~ so ,nsvred, w lail ro delivcr pranptly any of aa~d pol~ties of iniurance to se~d MOR~GAGEE, c~ fad promy~tly to pay fu~ly any pr~nuum thcrefor o~ m any respect fail to pe~form, d~scharge, e.ecuta, effect, comple~e, comply wi~h and abide by this cove~am, o+ any part he~eof, seid MGRSGAGEE may place a~~o pay (o~ such iosurance or a~y part the~eof w~thou! wa;ving or ~ffeuing aoy oytion, lien, equ~iy, or ngM under w by v~~~ue of th:s Mortgage, and ~he fuEi amounl of each a~d every ~uch paymenl shail bc immed+e~ely due aod payahle and shall bear interesl from the datr thereof umil pa~d at the rate of n•ne per tentuin per a~num and !o~rth~~ ~n•~th such interest shaii tx srwred by fhe litn Of this matgago. io permif, commit w suF(e~ no waste, i.~npairmen? a detcriorat;ai of sa~d property or a~y part thereof. S. To pay atl and tingular ihe costs, chargea and expenses, includin9 a reasonable ateorney's fee sr,d costs of abstracta of title, incuned or paid a~ any time by sa~d MORTGAG:E, beca~sb or in the event of the ia;lure on the part of Ihe said MORiGAGOR to duly, promptly and fu~ly pertorm, d~scharge. ~x~~wte, e((eU, canplere, comply w~fh and ab:de by each and every the st~pulaf~ons, agreements, conditions, and cove~ants o~ sa~d promissory note and ~his n,ortgage any or either, and aa~d costs, charg~s and expenses, each and every, shall be immed~ately due and payahle: whether o? not there be not~ce dr mand, attempt to collect w suit pend,ng; and the futl amouro of each and eYe~y svch payment shatl bear ir.teresf irom the da~e thereof untii p~id at the of n;ne per crnT~m ~r an~+u~~; and afl said costs, charges and expenses i~cu~red w pa~d, toge~her w~th such interest, shatl be secured by the lien of thi~ mortgage. 6. That (a) in the evenl of any breach of tni~ Mortgage or default on the part of the MORTGAGQR, w tb) in the event any ol sald sums of money herein referred ro be not promp?ly and futly paid w~rh~n th~rty ~30} days nex~ a4eer ~he sa~ie seYera~~y become due and payable, wi~Fwut demand or ~ot~ce, or (c) in thr event each and every ~he stipu:auons, agreemrnts, co~d~t~or•s aad covenants of sa.d prom~asory nofe and tha mortgage any or either are oot iu~y, pranpNy and futty pe~lormed, d.sc!~arged, eaecured, e(~ected, completed, compLed with and ab~ded 5y, then in either w any such event the sa~d ag gre9a~e sum mertt~o~~ed in said promitso~y ~ote then rema~ning unpa~d, with ime~esl accrued, and all moneys secured hereby, shatl become due and pay- ao~e forthwith, or thereafter, at ~he opT~o~ of sa;d MORTGAGEE, as tutly and compteTety as if all of tne sa[d svms of money were w~g~nally st~pufated to be pa;d on such day, anything in sa.d prom~s:ory no~e or in ~h~s Mwtgage to ~he corormy nor.vithstandu~g; and thereupon a thereafter at the op~~on of s~:d MORTGAGEE, without no~~ce or demand, suit al law w in equity, therefore or thereafter begun, may be prosecuted as if all moneys secured horeby nsd matured pnor to ~ts instir~tion. 7. ihaf in rhe event rhat at fhe be~inn~ng oi or at any fime pending any su~t upon fhis Mortgage, cv to foreclose it, or to reform it, or to enfo?ce payment of any claims hereunder, said MORTGAGfE shalt apply to the Cou.t having ~urisd~ction thereof for the appoietment of a Recei~er, such Court ahail forthwith appoint a receiver of said mortgaged property all and singular, includ~ng a11 and singuiar the income, proi~ts, issues and revenues from whatever s::u~ce de~ived, each and every of wh~ch, it being expressly understood, is hereby mongaged as 'rf spKifically set forth and destribed in the granting and !~ebendum clauses hereoi, ar.d s~ch Receiver shaN have all the b~oad and effect~ve funchons and powe.s in anywise erttrusted by a tou~t to a Receiver, and i.,:h appo;ntme~» shall be made by such Court as an admitted equity ar.d a matter of absoiute right to said MORTGAGEE, and withovl ~eference to the adequocy d inadeq~aty of the value of !he properey mortgaged or to the so.veocy or insoivency of sa~d MARiGAGOR w the defenJaros, and that s„ch re•,ts, profits, income, issues and revenoes shatl be appiied by such Rtte~ver accord~ng to the tirn or equity of sa:d MORiGAGEE and the practice of such Court. 8. To duly, promptly and fuIIY Ferform, d~scharge, execute, effect, ~omplete, comply with and abide by each and every the stiputations, agreements, co~ditions a~d covenann m sa~d promissory note and th~s n~ortgage se? forrh. 9. That in the event the ownersh~p of ehe mortgaged p~em~ses, o~ any part thereof, becomes vested in a perno~ other than Ihe MORTGAGOR, ihe :•aRTGAGEE: its wccessors and ass:gns, may, w~thout not,ce to ttie MORiGAOR, deal w~th such successor o~ sutcessw in interest w~th reference to this n,orrgage and the debt hereby secured in the same mannet as w~th Mo~tgagor withouf in any way vitiatir~g or d~scba~ging fhe Mcrtgagors' liability her~ w:der a upon the debt hereby secured. No sate of the prem~ses hcreby mortgaged and no forbea~ance on the part of the MORTGAGEE w its suctessors or ass~gns and no ea?tnsion ot the ~;me ior the payment of the debt F»reby setured given by the MORTGAGEE or its successors or auigns, s1~aN operate ro re~ease, d~scharge, mod~ty change or affect the ong,na! Iiab~Lfy of the ldORiGAGOR herein, eithe~ in wMle or in part. l0. It i~ speufically agreed thet time is of the euence of th7s contract and Ihat no waiver of any obligation hereunder w of the obligation se- wred hereby shall at any time ihereaher be he:d to be a waiver of the terms hereof w of the i~strumem secured herby. 11. In add.t~o? to the forego ~~g month!y payments of princ pal and intrrest ~equired by the prom~ssory note secured hereby, mortgagor tovertants a~d agrees ro pay ta mo-tqagee wirR each m:,mhiy payrneM an add~rional sum esumated by mo~tgagee to be equal to 1 j 12 of the annual co}t of the fol{ow- iny: A-All ~eal property taxas le•n<d o. as:essed aga~~lst the a6ove descr;5~d « al estate_ B-Premiu:ns on f~re and v.•mdstorrn ~r.w~acce as here~n reGu;red to be carned e~ the improvements s~tuate on the above desu;bed premises. C-Prem,~:r.s an such n;ortg;.ge gvaranry ir.sura~.ce as mo.tyagee shaN frcn: t me ro timz deem fit to carry on the loan secured hereby. Mortgagee shoU from t~me to t~me ncrify mortgagor ~n •xrit~rtg of the amovnt due arcd payablr hereunder and such sum shall thereupon be due and ; r~able on thz ove dare of ~he next month:~ pay~nent and each successive mcnth fhereafter ur.u; mortgaqee shalt not~fy mortgagor of a change in such ~ o~nt. Such svms sFall be a;~4:~,eJ by mcrtgagee toward the payment of real property taxes, ins~rance orem.ums, a~id mortgage guaranty insurance u•e:m~umS. IN Y~ITMESS fREOF, fhe sa~d MORiGAGOR 6as hereunto set Fis hard and scal the day and r first aforesaid. Signed, ed d !7 .io the esence ot: ~ Seal) -f ? nald H. Redit ' (Seaq ' - / ~d'~1`-~ ~ G' ' / ' ~~6 (Seaq Blanche H R it . t~a~~ STqTE OF FLORIDA ~ ~ COUNTY OF $t . Lucie ~ ! Before me personatly appeared ~nald H. R@C~lt. and ' Blanche H. R@dlt his wife, to me well known ar,d known to me to be ~ the individuala destribed in and y~ip exM ted the fq~ oi insirument, and atknOwt P ppsey t31 anc~e ri KQ(~i~j, ~9~ ~fwe me that they executed the same fw the ur ~ rhe~ein expressed. And the :aid .:~fe of the sa~d , ~nald H. Redit uEwn a separste and private e=am~nat~on by me taken separate and apart f~om hei said husband, acknawledged to and before me that she exetuted said instrument fYeill¢~1Rd volun~ re-~~y and without any compu!sion, constraint, appr ens,on, or fear of or from her said husband. S~ ' WITNE55 my hand and of(icial seal this_ ~ day~of `Tuly ~~,.q.•fl.~g?3 ~ i . . Notary Public i and fo he State .fjotidd at Lar9e My Commission expir ~ - ' ~ Ret~r~ To: M(iTAFY i'(~E;i~: Yit.T~ ot ~iQ~lt~0.at LRRGE MY lXJ 'tiS't~• r? i975 First federal Savin3s d. Loan Asseciatior•. X , v f~ Of iort P.er~e 6cnC.d ~~u~....re~~ _ are. l'-:,'.Er.....~•rs. ~Crt fli~~rta. Fi~_ritJj • ~ - . t ~ s• . . _ FIIED ANO RECORDfd ' it. LUCIE COUMTY f~A. ROCEP, P~ttR~S l~ : This I~strument Prepared By John W. Collins ~IERK C;='CUIT COURT ~ ~ First Federal Savings & Loan Association RFr,npp y~q~F~Ea pc of Fort Pierce , Flozida ~ ~ ~~vv9~ Checked By ~C~ ~'9 '13 js ~ ; t~ 216 Y~~E 792 ~u~K 4 - - - ~ - - - - - - ~ ~ - ~ ~Y _ ~x~ _ .n ~ r~ ~ ~~c ~ y~°s.~ r - - _ . . _ s ~z~T_