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Home My WebLink About1520 5. To place and conttnuously keep on the bui!d~ngs ~ow a he~eafte? utuate on sa~d I~nd end on att equ~pmcM and perso~atly co~ered bv ~?+~s ma~g- •g0, wifh atl p~emiums Ihereon paid in full, I~re insurante in the usua? •tandard polity (orm, in a tum approved by ~he M.ORfGAGEE, and winds~am iniur~~ce in Ihe usual s~andard pot~cy form, in a sum approred by the MORTGAGEE, in s~ch company or compan~es as the MORTGAGEf msy d~recF; ~nd aU (ire and w~nds~orm insurance poGciei on any ot seld bu~id~nys, any ente~est lherein o~ p+r~ thereof, in the a~~ey~te wm afweu~d o~ !n ~xceu Ihe~eof, shal~ contain tAe usual standard mortgagee ciause a:uch othe+ clauss ~s Ihe Mortyagee may requ~rs, makirtg tht Iofs ~nde? sa~d polF cies, each a~d eveiy, payabfe to said MORTGAGEE at ~~a interest may appear, and eech and every such policy shell be promprly ass gncd and deiivered to sny held by said MORiGAGfE as furthe? secu~ity to said mortgage debt, and, not less tha~ ten (101 days in adva~xe of ~he expiraKon ol each pol~cy. ~o dr live~ to wid MORiGAGEE a renewal ~hercof, toge~hsr with a rece~pt lor the premium of svch renewal; and there shall be no firo o~ windito~m ins~nnce p~aced on any of said buildi~gs, ~ny intere~l therein or parf the~eoi, unleis in the fam end with ~he los~ payable as afaesafd; ~nd in 1he ev~nt any ium j of mw~ey bccomes paysbte undc~ svch policy or polities said MORTGAGEE shell have tha opGon to ~eceive and apply the ume on accounl of the indrbtrd~ ness tecured hereby a ro permit sa~d MORTGAGORS lo reteive and use i1 p any part Ihereof for ori~rr purp~osrs, w+~hout ~h:r.u~ waivin~ o~ ~n~pah- iny any eqvity, lien or r,gh~ unde~ or by viriue of fhii mo:~gage; ~nd in the event fa~d MORTGAGORS shall fw any reason (ail to keep ~he said premiaes so insured, or fail to deliver promptly any of s~id policies ot insurante lo sa~d MORTGAGEE, ot fail promptly to pay fully any pre~nium therefor a in anv respec~ fail ro pe~form, d~scherge, eaecure, effec~, complete, comply wirh and abids by this cove~anf, w+ny part hereoi, sa~d MORTGAGEE may place and pay for such insurance w any part thereof w~~hout waivin9 a affectiny any op~ion, lien, equ~ty, or ~~ght unde~ or by virtue of this Mw+gage, and ihe tull amovm of each and evsry such payment shall be immedistely due and payable •nd •Aall bear intereit f~om t}a date thereof umil paid at th~ rata ot n~ne ps? tentum per annum and to~elher with such interest sha11 be secured by the leen of Ihis mwtgage. 1. To permit, commit w suifer no wasfe, impairment w deterroration of said properfy w any pa~t thereof. 5. To pay al~ and iingular ~he cos~s, charges and expenus, ~ncluding a reasonable attorney's fee and cosrs ot abstracts of title, incurrcd w paid at eny time by said MORTGAGfE, because or in the event of the failure on the parf of the said MORTGAGOR to duly, promp~ly and fully per(orm, d~xharge, rxecu~e, effed, comptete, comply w~~h and eb:de by each and every tF?e atipulanom, agreements, cond~tioni, and covenants of said p~omissory note and this mortgage any w either, and ufd costs, charges and eapenses, each and every, ifiall be immediately dve and payabte; whe~her or not there be nouce d~ mand, attempf to coNeu or suit pend~ng; and ~he full ~mount of each and every such paymem shall bea. interest i~om ~he date thereof until paid ~t the rate o4 ni~e per ce~tum per an~iu:n; and all said cos~s, charges and expenses i~xurred a paid, ?ogethe~ w~th such interest, shall be secured by the iien o~ this morlgM~. b. That (a) in tf~e event of any breach o~ tAis Mongage or defeult on the part of the MORTGAGOR, w(b) in the evenl ~ny of sald sums of money herein referred to be no1 promptly arid fully paid wi~hin Ihirty (30) days nexl after the same severalty lxcome d~e and payable, wilhout demar.d or notice, or (c) in the event each and every the stiputations, agreements, condirions and covenanes of said promissory note and th~s mw?gage sny or either are od ~uly, promptly and (uity pertamed, d~uharged, exec~ted, e(fectrd, tompleted, complied with a~d ab+ded Sy, then i~ either a any such event the w~d ag gregate wm mentioned in said p~omisswy note then remaining unpaid, with inrerest acuued, and atI moneys secured ht+eby, shall betome dw and pay- abte fo~thwitA, w thcreafter, a! the option of said MORTvAGEE, as fully and complNely as il all of ~he said sums ot money were o~iginally stipulated ro be pa:d oo such day, an~thing in aa:d prom~sswy rsote or in this Mwtgage to the comra~y notw~thstand~ng; and thereupon w theresfter at the op~fon of saed MORTGAGEE, without not~ce w demand, suit at law o~ in eqvity, there(we o~ thereaiter begun, may be proxcuted as if ~II moneys secured her~by nad matured pnor to ~b inatitution. 7. That in the event that at the beginning of or at any time pending any svit upon this Nbrtgage, w to forecbse it, a to refo~m it, w to enfwce payment of any claims hereunder, said MORTGAGEE shatl apply to the Court Mving jur~sd~crion the~eo! for the appoin~ment of • Reteiver, such Cour1 shall forthwith appoint a receive~ of said mortgaged prope~ty a11 and si~gular, intlad~ng all an~ singu~ar the income, prol~U, iuues artd revenues from whatever source derived, each and every of which, it being expresaly understood, is hereby mo~~gaged as if speuficaliy set fa~h and drtcribed ie the granting and habendum clauses hereof, and such Rcceiver shall have all the broad and elfective funct~ons and powe~s in anyw~se e~trusted by a Court to a Receiver, and s~ch appointment ahall be made ~y such Court as an admitted equity and a maner of absoiute nghr to said MORiGAGEE, and withouf reference to the ad<quacy w inadequacy of the value of the property mortgaged or to the soivency o~ insotvency oi sa~d MORTGAGOR or the defendanfs, and fhat such rems, profits, income, iss~es and revenues shall be applied by such Receiver accord+ng to the lien or equity of said MORTGAGEE and the praUice of such Court. 8. To du1y, promptly and fully perform, d~scnarge, execute, effed, comptete, comply wirh and ab~de by each and every the st;pulations, sgreements, cond;fions and covenants ~n smd prom~ssory note and this mo~tgage set forth. 9. That in the event the awnership of the mortgaged p~emises, or any part thereof, becomes vested in. a perspn other than the MORTGAGOR, the ~,ORTGAGEE, in succe:aora and asslgns, may, w~~hout norice to the MORTGAOR, deal with such successor or wccessor ~n ~nterest w~?h refeience fo this mortgage and the debt hereby secured in the same manner ~s with Mortgagor without in any way vit~ating w d~xharging the Mwtgagors' liabiiity hera under q upon the debt hereby secured. No sate of t!x premises hereby mo~tgaged and no fwbearance on the part of the MORTGAGEE or its sutcessors or asigns and no extension of the fime for the payment of the debt hereby secvred given by tFx MORTGAGEE or its successws a auigns, ahall operate to release, d~scharge, modify change or aff~ct the orig~nal liab~t~ty of the MORTGAGOR herein, either in whole or in part. 10. It is specifically agreed that time is of the esu~ce of tnis contract and thal no waiver of any obligation hereunder w of the obligation se- cured hereby shall at any time tMreafter be hetd to be a waive? ot the terms tsereof a of the inst~umrnt setured herby. 11. fn addffon to the forego~ng monrhly payments oi princ'pal and inrerest required by the promisscry r,e!s secured hereby, mortgagor covenants and agrees to pay to morrgagee with each monthly payr,lent an addirional sum est~mated by mwtgagee to be equal to 1/12 of the annual cost of the follow- iny: A-AJI real property taxes levied or assessed agai•,st the above described real esrate. B-Prem;ums on fite and winds~onn ~nsurar.ce as herein requ~red to be wrried on the imFrovemeats situate on th~ above described premises_ C-Premiums on such mortgage guaranty ir.surar,ce as mortgagee shatl from t~me to time deem f;t to tarry on the Ioan secured hereby. M4ortgagee shall from time to t~me notify mortgagor in wr~ting of the amount d~e and payable hereundrr and such s~m shall thereupon be due and Fayable on the due date of the nezt monihly paymenr and each successive momh thereafte~ ur.til mortgagee shall notify mortgago~ of a change in wch a~~,ount. $uch sums shail be applied by ortgagee toward the payment of real property taxes, insurance prem:ums, and mortgage guaranty insurance ;:~emiums_ IN YllTNESS WHEREOF the s' MOR GOR has hereunto set his hand and seal the day and year first afwesaid. i S~ Sea an ed in e pres e of: / , ~ ~SeaO ' ~ Ar ur W. e c~,n ~ _ _ 3 ~ ' (Seaq ~ % Wanda L. G eer ~~an ~ ~ ~ STATE OF FIORIDA ~ COUNTY OF St . WC le 1 3 ~ Befwe me perwnally appeared AZthtl! W. Greer and ~ Wanda L. Greer his wiie, to me well krwwn and known to me to be ~ the Individvals described in and who executed the foregoing instrument, and adcrwwledged before me that they executed the same for the pu~pous 3 rherein expressed. And the said Wanda j.. Gzeer j w~fe of the said Arthur W Greer upon a separa~f and private ~ exami~ation by me taken separate and apart frorn her said husband, atknowledged to and before me that she executed said instrumtnt'fr!!~ ~nd volum g ~ar;1y and without any compulsion, constraint, appre s~oo, pr fear of w from her said husband. ~ WITNESS my har~ and official seal this_ ~~Z day , '~~A •Q-19 ~ ~ ~ 73 ~ / ~ _ ' ' - - ' otary P~bfic en and for Sfate ~ lot~da lstge ' _ ~ - My Commiuian expir . ~ r - Retum To: - . - - ~ . . ~ ~ i First Federal Sarings 6 loan Associat~on 110TARY Pi18:tC.~STA1E of Ft.pR?'DA~ti~;' '`i Of Fcrt Ple~ce. ~~R ~]~AY ~~.'.t4~{$$ir~ fXP~R~S O~C..,~: 19T5 r' ' yVo,.nded 7nru.Ceneral tns ' Fort Pierce, F~oriJa uran4~ ~~~r~~jy, $ .,:i~,~ ; F~LED ANO RECORDEO ST. lUCl~ ~O~~tY FLA. ~ This Instrument Prepared By GaZy F. EllN?ood ROCER a~ITqAS ~ ; First Federal Savings 8 Loan Association RECOR~ K CIP.~~~T COURT = of ~ort Pierce, F1or ida ~EA1F~~a ~ ~ ~ Checked By ~ t8 g 18 ~'73 F ~ ? • ~W^~~ S 3 . , - _ - . _ . " ' _