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Home My WebLink About1308 3. To plx~ and continuously keep on the build~ngs now w hereafter ~ituate on said I~nd and on atl cquipnent +nd psrionally covered by this mw~g- +ge, with ~II premiums thueon pa~d in ful~, (ire ini~rance i~ ths usual. standerd pol~cy form, in a sum approved by ths MOR(GAGEE, end windstorm inswanc~ in ~M u?ual ~tandard pol~cy tam, in s sum ~ppraved hy tM MORTGAGEE. In sucA company or companias a~ Ih~ MORTGAGEE m+y directj and all firs sod windstorm ins~rance policiet on ~ny of faid build~~+ys, any interest the«in or pa~~ Ihereof, ln the apg~egate fum ~Iweuid w in ~xceu Ilxreof, tMll contain the usval standa~d mwtqape~ clause a such othe~ claus~ as tM Ma~ysge~ may requ~rt, makinp the loss undr~ sa~d poli- cist, each and evay, payable to said MORTGAGEE it~ interes~ may ~ppeu, ~+xl ~ach and eve~y t~ch policy shall b~ promptly au gned and detlverrd to ~ny held by s~id MORtGAGEE as (vrthsr iecurity ~o s+~d mo+~gags debt, and, ~o~ less tMn ~en (10) days in ad~ance of the expir~fion of each policy, ro d~- IivN to said MORTGAGEE a tenewal thereol, to~etl?M with a ~eteipf for !he premium of ~uth renewal; and lhere ahall be no fire o~ winds~orm insuranc~ plaeed on ~ny of faid buildinpi, any inte~~st tl?N~i~ w par~ ~hereof, u~lesa i~ the iwm and wi~h tM lou payabls as ~t«esaid; and in tl?~ e~~n~ any sum of monty becpnes payable under tuch policy w policies tiaid MORTGAGEE shall haw tM opr~on ro receive a~d apply 1he sams on xcoum oi the inde:bted~ s . neu secured hereby w ro permit ssid MORTGAGORS to receive and us~ it a any par~ the.eof lor othrr purposes, wi~hout iharcb~ wai~~~,g or u~~pair• ` in~ any eq~ity, lien or right under or by virtue of this mortgags; ~nd in the event said MORTGAGORS shall fw any reason fail to keep the said p~em~sas so insured, w fail ro detive~ prompfly ~ny of said policie~ of inwrante to said MORTGAGEE, w fail promptty to pay fully any pranium therefa a in any rs~petf fail 1o ptrfwm, discharge, execute, ~(iKt, complete, tomply with and abids by fhis tovenant, or any pa~t hereof, iaid MORTGAGEE m~y ptKe and pay for such insurance w any part tFKreof without waivir+y a ~tfectinp ~ny option, lien, equ~ty, a riph~ unds. or by virtue of ~hii Mwt~aye, ~nd the , full arrqvM of each and every such payment shall be immediataly dw and payabl~ aod sFuil b~~r interesl from ths dats thereof until paid at the rat~ ol . n~ne pe~ tentum pe~ annum snd together witA ~uth interosl shall be secured by tM IiM of this mort9age. , 1. To permit, commif w sutfer rw wasfe', impairment a deterior~tion of sacd properry or ~ny pan thereof. 5. To pay all and sinpular the costs, charges snd expenus, includiny a reaso~sbb ~ttorney i fee and cos?s of abstrads of title, incurred o~ paid at ~ eny time by said MORTGAGEE, bccauu a in the event of ths failure on the part of ths wid MORTGAGOR to duly, promptly and fully perform, dixharge. exec~te, etfect, complete, comply with and eb:de by each and every the stipulations, agreemenb, co~+ditiom, and covenantt of ~sid promissory nofe and thi• mwtype any or e+thei, and aaid costs, charges and ezpenses, each and every, shall be immedia~ely due snd payable; whether or not there be notice do- mand, attempt te co11M w wit pending; and the full amount of Nch and every suth p~ymeM ~hall Fxer intcrest from Il~e date thereof unfit p~id ~t fhe rate of nine per.centum per annum; and aU said cosfc, tharfles and expenses intuned a paid, togNher w~th tuch interest, shall be tetuted by the lien of thii ~+ortgs9e. 6. That in the evenf of a~y breach of this Mortgsge o~ default on the part of the MORTGAGOR, w(b) in the event any of sstd sums of money herein referred to be ~ot proenptly and f~lly paid within th(rty (30J days next after the same seve~ally becpne due and payable, without demand o~ ~o~~ce, or (c) in the event eath and evcry the stipuiationi, ag~eements, co~ditions and covenants of seid promisswy note and th~s malgsge a~y w e~ther are not ~uly, prompHy aod iully performed, dlscharged, executed, effected, compteted, complied with and abided by, then in eirher a any ~uch eYem Ihe said ag gregats wm ment'pned ie aaid p~omissory note then rema;ning unpaid, with interest acuuad, aod atl moneya secured hereby, ihall become due and pay- able forlhwith, or thereaflrr, at the option of said MORiGAGEE, as fvlly and completely as if all of the said wms of money were wigin~lly suputated to be pa~d on auch day, anythi~g in sa~d prornissory rtofe w in this Mwtqage to !hr contrary norwithstanding; and thereupon o~ thereafter at the op~ion of said MORTCaAGEE, withovt norice w demand, sui~ al law a in equity, therefwe or theroafter begun, may be prosecufes! ai if all moneys iecured hereby had mitutlt~ pf~Of lo its ~n3litutiWl. 7. That in the event that at the beginning of w ~t any time pending a~y suit u~wn thi~ Nlprtgsge, d to fweclose it, w to refwm it, or to enforce payment of any claims Aereunder, said MORTGAGEE shall apply to the Cou~t having jwi~diction thereof for the sppointment of a Receiver, s~ch Coun shall forthwith appoint e receiver of said morfgaged p?operty all and singular, includ~ng all and singulai the income, profifs, issues and revenucs trom whatever w~rce derived, each end every of wh;cb, it being expressly understood, is hereby mo~tgaged as ~f spec~fically set fwth and described in the grsn?ing and habendum clauses hereof, and such Receiver shall Mve ~It ~he broad and effective functwns a~d powers in ~nyw~se entrusted by s Gourt to a Receiver, arx! tuch appointment sFall tx made by svch Court as an admittrd equity and a matter of absolufe iight to said MORTGAGEE, a~+d without reterence to 1M adeq~aty or inadeqvacy of the value of the p?operry mptgaged w to the sotvency or inyolventy of said MO~tTGAGOR ot the defendants, and that such rents, prolits, income, iuoes and revenues shall be applied by such Receiver accord~ng to the tien or equity of wid MORiGAGfE and the prscrice of such Court. 8. To duly, promptly and fully periorm, distharge, eaecute, ef(ect, complete, comply with and ab~de by each a~d every ihe stipulaYwns, agreements, condiYwns and covenants in sa~d promissory note and this mwtgage set forth. 9. That in the event the ownership of the mortgagcd premises, or any part thereof, becomes vested in s per~ort other than !he MORTGAGOR, ths MORTGAGEE, its successws and auigns, may, without na~ice to the MORTGAOR, deal with such succeuor w successw in interest with reference to this r*:ortgage and the debt hereby secured in :he same manner as with Mo~tgagor withovt in ~ny way vitiating or d~xhargiog Ihe Mortgagori liability herr unde? or upon the debt hereby secured- No sale of the premiscs hereby mortgaged snd no forbearance w? 1he part of the MORiGAGEE or its successws o~ assigns and no extension of the time ia the payment of the debt hereby secured given by the MORTGAGEE or its successws or auigns, s~~alf operate io release, d~scharge, modify change o~ affect the orig:~el liability of the N~ORTGAGaR herein, either in whole or in pa?t. 10. It is spectficatly agreed that time is of the essence oF this contract and that no waiver of any ob~igation hereunder o! of the obtigafion sr c~red hereby ahail at any time therrafter be hetd to be a waiver of the terms hereof ~r of the instrument sec~red herby. 11. In add~tion to the forego:ng monthly payments of print'pal and intere:t required by the promissory note secured hereby, mwtgagor covenants and agrees 1o pay to moatgagee vc;th each mon~h(y payrnent an add~rional sum est~mared by mortgagee to be equal to 1% 12 of the annual cost of the foliow- ~ng: A-All real property taxes levied q assessed against ~he above described real estate. B-Premiums on fire and windstorm insurance as herein requ:red to be carried on the improvements s~tuate on tF~e above d-scribed premises. ~-Premiums on such matgaye guaranty insurar~te as mortgagee shall irom timt to time deem fit to carry on the ban secured hereby. - Mortgagee shal! l~om time to t~me notify mongagor in writing of the amount due and payable hereunder and such sum ahall thereupon be due and ~ayable on the due date of rhe next monthly payment and each successive month thereafter urtil mortgagee shall notify mortgagor of a change in svch a-nount. 5uch sums shall be applied by mortgagee toward the payment of real property taxea, ensu~ance prem:ums, and rtwrtgage guaranty insurance p~emiums. IN WITNESS VJNEREOF, the said MORiGAGOR has hereu~to set his hand and seal the day and year first aforessid. ig ed, $ealed and deli red in the prexnce of: , .o . Mar e M. Kenne y ~ t~ap ~ ~Sea4 i f STATE OF FlORIOA ~ ' ! couNn oF ST. LUCIB u' ~ ~ y PPea~ed _ MARIB M. KENNfiDY~ a widotir Before me nonall a t • ro me weN known and known to me to be j the individual descr'~bed in and who executed the foregang instr~ment, snd acknowledged before me fhat$he executed the same fw the purposes ~ therein expressed. 7~~~ ~ x~~)l~x7C~c~c ~ ~t9rla! ~oltx~~ecSa~c -~~~~x~i~oc ~ / 3t Jul = . . WITNESS my hand aod official seal thi~ ~ day of ,p; ,~q ?3 ` - - Notary Public in and for 1{~! Sy~te ~of ,Elp~' .~~r~e Rerurn To: My Commiuion expires: ' : t.. ` ~ ~ ~A~ af ~,tpRtDA st l~? E First Federal Savings b toan Association ~H ~~p~g.. $EpT~a~5~;~ .1.975 i Of iort P;erce. M~~ ~~~~~an BaOkefi IaSY~~++w i Fort Pierce, Fiorida ~ ~r r,•~ ~ ~ s ~ i • This Instrument Pre ared B Richard K. Kd e ft~ED ~yt' ~ECOitOED ~ P Y Y ST.LUCIE ~ OU1~jlf fU. t First Federal Savings 8 Loan Association q~~~R F'vt7RAS ( ; of Fort Pierce ~ FlOZlde? ~~E~K i.?r%U1T COURT 2S903s RE~OP_ YEF.~F~f~ Checked By T~~?- 9 jl i 3 3 B~Q~~~.~ FA~f~,308 f ~1~~ '4 . . 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