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Home My WebLink About0916 3. To pface and conrinuously keep on rhe b~~'d+ngs now a he~eafter ~~t~a~e on sj~d land and on al~ equ~pment and pe~sonaliy~co~ered by this mor?g- sge, wi~h sll premiuma the~con pa~d in full, I~re insursnce in the usual s?aodard po':cy form, in a aum approved bt the MOR~G:.GEE, and w~ndstorin insurante in ihe u.~al uandard poGty form, in • sum approvvd by the MORTGAGEE, in such company or companiei as the MORIGAGEE may d;ieU; and •U !iro and wmdsarm inswaoce poGcies on a~y oi sa~d build~~qs, any iotereit ~herein o~ p~~f thereof, in the aggregata svm •foresa~d or in ~xtess Ihereof, thaU coMaln ~he usual sta~~dard mo~~gayae deuse w suth o~her clauss at Ihe Mortgegee may rcqu.ro, making the iosi under sa~d poli- c~e~, each and every, payabte to said MORTGAGEE si in in~erest may appear, and each and e~e~y such po~~cr ahall be promptty ass g~ed and deGvered w any held by said MORiGAGEE as turther security to sa~d mortgage debl, and, nol lesf than ten (101 days in advance of the eapirat~on of each potity, to de- liver lo said MORTGAGEE a renewal thereof, toge~her with a rece~p! for ti?e p~tmium oi suth renewal; and there shall be no i~re o~ wi~ds+o~~n insurance placed on any of said buildings, ~ny i~terest therei~ or part thereof, un{ess in the torm and with Ihe loss Rayabt~ as aforesaid; and in ~he evenl any sum of mooey bec~mes payabte under such poGcy or poGc~~s uid MORTGAGEE shail hsva the optwn fo teteive and app!y the sa~»e on accouni of ~he indabted- ness secu~ed I~ereby a ta permi? ~a;d MORTGAGORS ~o receive and use it or any pa~t ~hereof for otn~r pwF,oscs. ~•.i+:,c~t ~h:-rcu~ w~~.~~y or n~ pa~.- irg any equity, i~en w right under or by virtue of lhis moctgage; and in ~he evem sa~d MORTGAGORS shaU fw any rcason fait fo kcep ~h~ said prem;s~~f so insured, or fait to de~iver promptly a~y of said policies of insurance to sa~d MORTGAGEE, or fail promp~ly to pay ~u~ty any pre~~i~m tfierefor or ~n any respect fail to perform, discharge, eaecute, ef(ed, complete, comply with and abide by this cove~ant, w any pa~t hareoi, sa~d MORTGAGEE may place and pay (w such insurance or any part thereof without waiving w affecting any option, tien, equity, or right vnder or by virtue oF this Mor~gage, and the full amouN of each and e.ery such paymeM shall be immediauly due and paysbte ~nd shall bea~ interes~ from tM date thereo( until paid et the rate ot nine pet te~tum pN annum and tO~rth..~r wi~h suth intercat shall be stcured by Ihe lien Of Ihi~ mprtgage. 1. To permit, commil~or suffer no wasle, impairment o~ deterioration of said property or eny part thereof. S. To pay all and singular the costs, charges and expenses, includ~ng a reasorwble a~twney's (ee and costs of abstracts of tit~e, incurred or pa~d at any time by said MORTGAGEE, bccauu or i~ 1he event of Ihe (ailure on ~he pa~~ of the said MORiGAGOR to duly, ptomptly and futly perform, d~schar9e, eaecute, effctl, comptete, comply w1~h and ab:de by each and eve?y the stipulaGons, egreements, conditions, and cove.~ants aI sa~d pran~ssory note and ~hi~ mortgage any o~ either, and satd cosh, chaiges and expensea, each and eve~y, ahsll be immed~ately due and payabte; whe~her or no~ ~here be nor~ce da mand, attempt to colletl or a~it pend~ng; and the full amou~t ol each and evcvy such payment shalt bear in~eres~ from the date thereof until paid at tht ~a~e of n~ne pe~ centum per annum; and atl wid cuan, charges and expenses intuised a pe~d, toge~her w~th such inlerest, ?hall be secured by the I~en ot thi~ mortyage. 6. That (s) in the eve~t of any breach of this Mortgage or default on the part of the h10RTGAGOR, o~ !b) in the event any of said sums of money herein refer~ed to be nOt promptly and fully paid within th~rty (30) days naxt afrer rhe same sertra:ly betome due and payable, without demand or notice, or (c) in the event each a~ every ~he stipula~~ons, agreements, candi:~ons and covenanrs of sa.d p~om:uory ooce and th~s mortgage any o~ e~ther are no~ iuly, prompHy and fully perfwmed, dacharged, ezetuted, eifectcd, completed, compGed wi~h and ab~ded by, then in e~ther o~ any ~uch evenf the se~d ag gregate sum mentaned in said p~omissory note then ren~a;ning unpa~d, with inte~est accrued, and a~l moneys secured hereby, shall become due and pay- able forthwith, o~ thereafte~, at the opr~on of said MORTGAGEE, as fully and completely as ii all of tne said sums of money were o~~ginatly st~p~~ated ro be pa~d on such day, anythirg in sa:d prom~ssory note or in this Mortgage ?o the conna~y norwi~hs~anding; and thpre~Ewn or thereafter at the op~~on of ;~~d MORTGAGEE, without notice or demand, suit at law er in equity, therefore or thereafter begun, may be prwecuted as if,all moneys secured hereby h~d maturcd pnor lo ~1s institu;ion. 7. That in the event that at the beginning of or at any time pending any suit upon this Mortgage, or to forec~ose it, or to re(orm it, or to. enforce paymenl of any daims he~zunder, saio MORTGAGEE shall app{y to the Cour~ h~ving jur~sdiction thereof for the appa~ntmen? of s Receiver, such Court shafl forthwith appoint a reteiver of said mortgaged property ail and singula?, includng alt a~d iing~lar fF~e income, prof~ts, issues•artd revenues frorn whatever s~urce derivtd, each and every oi wh~ch, it be;ng express~y undersrood, is hereby rtwrtgaged as if spec~(icalty se1 fath and destr~brd in the granting and hebendum clauses hereof, and such Receiver shal? have atl ~he bruad and effec~ive funct,oni and powers in anywise entrusted by a Court to a Beceiver, and s. ch appointme~t shall be made by sucfi Covrt as an admittzd equity and a matter of absol~?e i~ght to said MOR:GAGEE, and without reference to the adequacy a inadeq~acy af the Yalue of ehe properfy morigaged o~ ro the so~ve~cy or insolvenc~r of said MORiGAGOR « the defeodams, and rhat such re~fs, proiits, income, is~ues and revenues sha~I be applied by such Receiver accord~ng to the Iien~•ot'equiry bf said MORTGAGEf and the practice o! s~ch Court. ' 8. To duJy, promptly and fully perform, discharge, execute, cifect, tomplete, comyly w;th ared abide by each and every the stiputations, agreements, conditions and covenants in sa~d promissoiy note and th~s mortgage set fwth. ' 9. That in 1he event the ownenhio of the r.ortgaged premlxs, or any part tnereaf, becomes vested in a person other than the MflRTGAGOR, the t.10RTGAGEE, its successo~s and ass:gns, may, without notice to the MORTGAOR, deai w~~h such successor w svccessor i~ ~nteres~ w~~h reference to this ~~ortgage and the deb~ hereby sttured in tht same manner as v~rith IAortgagor w~thcut in any way vittating w d~schargi~g the Mortgagori liability here- under w upon the deb~ hereby secured_ fYo sale of tha premises ieereby mo~tgaged end no forbearance on the par~ of ~he 111pRTGAGEE or its a~ccessors or assigns and no extens:on of the time fo~ tF.e payme~t of the deb~ hereby secured 9iven by the MORTGAGEE or its successws or au:gns, a5a11 operate ro release, d~xharge, modify change or affect the origir+al liabii~ty of the NORTGAGOR herein, either in whole or in pa~l. 10. It is spec~fica~ly agreed that time is of the essence of this contract and that no waiver of any obligaf~on hereunder or of the obligaf"an sr ~ cured hereby shatl at any time thereafter be he!d to be a warver of the terms hereof or of the instrumeM secured he?by. 11. In add.tion to tF.e fwego'ng month'y paym~nts of princ p~l and interest requ:~ed by the prom~ssory no'e secured hereby, mortgagor covenants a~~d agrees to pay to mortgaoee w~th each mcmh~y pa~~.,eM an acid~~iona( sum est~n.ated by mostgagee to be eqval ta 1, 12 of the annual cost of the follow- :ng: A-A!I real property taxes levied or assessed aga~•,s! the above desc.~b~d real estate. B- Premivms on fire and wir.dstor~n insurance as nere~n requ:red to be ca.ned en the ~mproveme~ts s~tuate on the abovt described premises. C-Premiums on such mortgage guarar,ty ~r.svra~•~e as mortgagee shait {iom t~me to tirnc deem fit ro carry ort fhe loan setured hereby. Mortgagee shail from time to time notefy mortgager ,n writ~ng of the amovnt d~e dnd payable hereunder aixl such sucn sha!1 there~pon be due and c 3+ab!e on the due date oi the next month:~ pyyment and each auccessive momh +hereaft:r ~r.ti~ mcrlgagee shall notify mo:igagor of a change in such e^~ount. $uch sums sFa:i be apn:ied by mertgagPe towe.d the pa~ment of real property raaes, insurance prem:ums, and mortgage guaraniy insurance :~•emiums. IN YIITNESS YlHEREOF, the said MORTGAGOR has hereunto set his hand and seal the day and year first a resaid. , Signed, Seiled and deli r d in the presence of: + ~ Sesp ~ (Seal) ;i - f L (Seal) _ (Sea4) l ; STATE Of FLORIDA ' St. Lucie ~ ss. ~ couNrY oF _ 1 ~ Before me personally appeared C' • B• W~ t er s a~ ` Alliece Walters his wife, to me well known and known to me to be ~ rhe individuals desc.ibed in and w e ecuted the fw oi instrument, and acknowl pos e eg ng edged befwe me that they executed the same for the pur es f rhere+n expressed. And the aaid A llece Walters . : r.tfe of tfie sa~d G• g• Waltel5 upon a separate and private ! exam~nation by me taken separate and apari from her said huaband, acknowledged to and F.efore me that si~e executed said instrument f~eely and volurr rardy and without any tompuisan, cons?raint, apprehens:on, w fear of or fran her said husband. WITNESS my hand and off~c;al seal fh~:__ 4th d y af June p 19 73 ' i s ~ ~lotary Pub7ic in and for the oi .fbr" ~ ° ' " % "cJ • ~ ~Ky Comc~~ssion expires: i' j'• ~6- ~ ; t ` ; Return To: ; . ~ =1: ~ i ~ ~ ~ . 1: = First federal Savings 3 loan Association , 7 : ~ Of fort P:e.ee. 'j ~ ~r~~ ~:~C• ~ " ~ o: ~ Fort Pierce. Florida I y 4~Y M••••~;5~~~+ ~ Ex~~RFS ~.~~2~. I~ • y : ~ NonO..~ ~r 1~:. ~1'~~.~. ~ ~ ,L„ .;Q f~ ~ 1 ~ ~ ' • ' QC ~ ~ F)LED AkG FEC~R~D ' ~ ~ ' ST.lUC1E.Cv~1lMTY fl~ . ? This Instrument Prepared By Joht~ W. Collins RGCE:, ?3tTRAS ; First Federal Savings & loan Association CLERK G;";CUIt C4URT ~ ° of Fort Pierce , Florida RECOR6 v:F~~FIf~~~ ~ = ~h~k~ BY ~Ittt.13 8 aa ~!'73 ;S 3 8001~GIV P1tCE' ~ - ` 2SS~ss s ~ ; , _ _ - _