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Home My WebLink About1526 . 3. To plxe and con~inuously keep on ~he bui;ding~ now or he~eai~e~ ~ifuate on said land and on ali equipment and perso~a~ty tov~red by thit maeg- sgs, wi~h aH premiums thercon pa~d in (utt, (ire insurance in 1hs usua! standa~d polity lam, in • sum approrcd by ~he MORiGAGEE, and wind~torm insunnc~ in ~M ueual f~andard pol~cy Iwm, in a sum ~pp+oved by tM MORiGAGEE, io tuch company or canpaniti as ~M MORiGAGEE may direc~p ~nd all fir• and winditorm inaursnce policiet on any of uid build~nyi, any Jnrerest rherei~ or pa~t ?hc,eof, in tF+s ~gpreysta ~um aforeuid w In eacest thereof, ihaU con?ain ~hs usual s~andard mor~gagee tlause w such otMr dsu~~ a tM Mortg~ges may requu~, m~Miny ~hs lou under fa~d polF ciei, esch ~nd evay, payable ro?s~d MORTGAGEE ai ~ts imerest may appear, and each and every iuch po~~cy shaii be p~omprly ~ss 9ned and del;vered ~o ~ny held by u~d MORTGAGfE ~s (urtAe~ sccu~ity to said matyage dabt, snJ, not leu tMn te~ (10) days in advance of the expiration of each policy, ~o dr liver to wid MORTGAGEE a ranewal thereof, toye~htr with • rec~ipt fw 1M pr~mium of ~uch renewat: and thers shall b~ no f~re o~ winds~o~m insura~ce plxed on ~ny of said buildings, ~ny interotl thcr~in or put fhereof, unleu i~ tM form ~nd with 1ht lou p~yable as ~fwesa~d; and in the event any sum o! mw~ey bccpmes psyable under such policy a polKios said MORTGAGEE ihall have ?M op~+on to receive and appty tha ~ame on accoun? of Ihe indab~ed- ness secur~ t~ereby ot ro permif said MORTGAGORS to reteive and use it W any part thercai- for othcr purposes, v irAa~t thare u~ tvaivi~~~ o? ~~~~poir- ~~g any equ~ty, lien or righr unde~ or by virtw of this morrgsgs; and in th~ ~vent wid MORTGAGORS thall fo? sny ~esson fail to keep the s+id p~emisef w insured, w fail ro deliver p~omptly ~ny of uid policies of in~uranta to i~id MORTGAGEE, or fael promptly to pay ful~y any pre~nium therefor or in any respeq fail to perform, d~scharge, execute, ef(ecf, comptete, comply wi?h ar?d abids by thia to~enant, w+ny part hereof, said MORiGAGEE may place and ~ pay fa such insurar.ce or any part thereof without waiving a aifectinp any option, lien, equity, w ~ight unde~ a by virtw of thit Mortga9e, and tF?e full ~moum of each and evsry such payment shall be immediately dve ~nd payible ~nd fhall bear inftl?est irom the date thereof un~i! pa~d at the rat~ ol ~ nfne pe~ centum per annum and to~e~her wi~h such interest shall be sec~red by ths lien oi this matqage. 1. ?o permit, commit or suifer no wa~te, impairment a deterioration of said propcry w any pan thereof. S. To psy all and singula? the costs, cMryef and expenaes, including a reasonable sttwney's fee and costs of abstrads of title, incurred w paid at a~y time by said MORTGAGEE, becavu a in the event of the iailure on the part oi the said MORiGAGOR to duly, paomp~ly ~nd fully perfo~m, d~xharge. exetute, effect, complets, comply w~tA and ab:de by each ~nd eve?y the stipula~iorts, sgreemenri, conditions, snd covenants of said promisswy nots and thi~ mortgage any a eitixr, and ss~d cosh, cMr~es and expenses, c~ch snd every, ahall be immediatsly due a~d payable; whether w nof there bs not~ce da ma~d, attempt to colkct or wi1 pending; and ths full amount of each and every such peyment shall bear intersst i~om the date thereof until paid at tF~e i~}e of nine per centum per en~~um; and all said costs, charges and expensea inturred w paid, together w~th such interest, shall be setv~ed by ths lien of thi~ mo~tyag~. 6. TMt (a) in 1he event of any bre~ch of this MMtgage o~ defavlt on the part of the MORTGAGOR, w(b) in tF?e eveM any of ss~d s~ms of money herein referred to be not pranptly and t~lly paid w~thin th~rty (30) days next after the sa:ne severatly become due and payable, wi~hout demand w notice, or (c) in the evem each and every the stipulations, agreements, conditions and covenants of sa~d prooiisso~y note and th~s mwfgage sny w e~ther are not ~uly, p~omptly and fully perfwmed, d~scharged, executed, effected, completed, complied witF~ and abided 5y, then i~ e~~her or any such event the said a~ gregate sum mcnrioned in said promiuoty note then remainiry unpaid, with interesl accrued, and all moneys setured hereby, shali 6ecame due and pay- able fwthwitR, o~ thcrcafter, at the aption of said MORTGAGEE, a~ futly and complrtely as if all of ~he said sums of money were origin~lly tt~pulated to be paid on such day, anything in said prom~uory nott a in this Mortgage to the con~rary notwithsranding; and thereupon or thereafter a1 the opt~on of sa;d MORiGAGEE, withou~ notice a demand, suit af law oe in equity, therefwe or thereafte~ begun, may be prosec~ted es if •II naneys secu~ed hereby hed matured pr~Or to its institution. 7. That in the event that at the beyinning of o~ at any time pe~ding any suit upon this Mortgsge, or to foreclose it, or to refwm i1, w to cnforte payment of any claims he+eunder, said MORTGAGEE sMll apply to the Court having jurisd~ceion the.eof for the appoimment of a Receiva, such Court shall Forrhwith appo~nt a?eceiver of snid mortgaged p?operty all and singuter, inclydmg all and s~ngu~a~ the income, p~o(its, issues and revenues from whatevcr source derivcd, each and every of which, it being expressly und~rstood, is hereby mwtgaged as if spec~iically sct {orth ~nd deuribed in the granting and habendum clauses hereo(, and such Rcceiver shall have al! ~he broad end effK?ive funtt,o~s and powers in anyw~se enfrusted by a Court to ~ Receiver, and s~.;ch appointment shall be made by such Court as an admitted equity and a matter of absolute right to said MORTGAGEE, and without referente to the adequacy a inadcquacy of the valve of the property mortgaged or to ~he se:vency or ;nsolvertcy of sa~d MOR7GAGOR or the defendants, and ~hat such rems, prolirs, irxome, iuues and revenues shall be applied by such Receiver according to the lien or equity of said MORiGAGEE and the prac~ice of such Court. . 8. To duly, promptly and fully perform, diuharge, execute, effed, complefe, comply with and abide by each and every the stipulations, ag~eements, ~ co~ditions and covenams in sa~d prom;ssory note and ~his mwtgage ut fwth. 9. That in the event the ownersh7p of the mortgaged premises, w any part thereof, becomei vested in a person other than the MORTGAGOR, the 1:.LRTGAGEE, iu successe+s and ass~gns, may, without notice to the MORTGAOR, deal wiih such successor or successor in iMerest with refert~ce to thi~ n;ortgage and the debt hereby secured in the same manr~er as wifh Mortgagor w~thout in any way vitiating or discharging the Mortgagori Iiability FKro- under w upon the debt hereby secured. No sale of the prem~ses hereby mortgaged and no forbearance on the pa~t oi the MORTGAGEE w its s~.ccesso~s or assigns and no eatension of the time fa the payment of the debt hereby secured given by the MORIGAGEE or ils svctessors w auigna, shall operate to retease, d~scharge, modify change a affect the original liability of the MORTGAGOR here~o, either in whole or in part. 10. It is speufically agreed that time is of the esunce of this contract and that no waiver of any obfigat~o~ hereunder w of the obligatan sr cured hereby shall at any time thereaher be held to be a waiver of the terms hereo( w of the instrument secured he•by. I 1. In add~tion to the forego:rx,~ monthly payments of princ Ral and inrerest requi~ed by the prom;ssory nore secured hereby, martgagar covenants ar.d agrees to pay to mo~tgagee vvith each monihty pay.nent an add~rional sum est~mated by mortgagea to be eGual to 1;`12 of the annual cost of the follpw- i~~: A-All real properr~ taxas levied w assessed against the above described real es~ase. 6-Prem~ums on fire and windsrorm insurance as he~ein requ~red to be carrird on the imp~oveme~ts situate on tF+e above described premises. C-Premiums on such mortgage guaranty insurance as mortgagee shal{ from t~me ro time deem fit to wrry on the loan secured hereby. Mwtgagee shal~ from time to time norify mongagor in writ~ng of the amount due and payable hereunder and such sum shall thereupon be due and F;ayable on the due date of the next monthty payment and rac2L.successive month thereafter ur,til mortgagee shall notify mortgagor of a change in such a ~ount. $uch sums shail be applied by mortgagee toward the payment of ~ea1 property taxes, insurance prem:ums, a~xl mwlgage guaranty insurance p'emiums. fN WITNfSS Y~HEREOf, the said MORTGAGpR has he~eunto x! his hand and seal the day and y ar rst afwesaid. igned, Sealed and detivered in the presence of: ~ ' ~ s-GK~iO~sti Sea~ . ~ Char2es Willias S ne ~a~ ~ ' (Seaq ` ' Hetti~ D, Stone ~ ~Sea~ ~ STATE OF FIORIDA ! COUNTY OF St. Lucie ~ ` 8efore me persoru!!y appeared Charles W111~811 Stone a~ ! Hettie D. Stane his w~fe, to me well k~own snd known to me to be the ind:vidvals described in ahd who executed tha fwegoing instrument, and acknowledged befwe me that they executed the same for the purposet ~ therein eapressed. And the sai~ H~tt~e D• StOf16 I r~ife of the uid GharZes Wlllld~ $t0lle upon,a,lepapte and privste ~ exam~nation by me taken separate and apart from her said husband, acknowle ed to and before me that she executed said `q~meM freely ~nd volurn ! rar;{y and without any computsion, constraint, apprehension, or fear of rom ixr ' husbsnd. ~ ~ WITNESS my hand and oflicial seal thi h day of ~ J~,'D. `19_._~ f ! ~ V Notary Publit in and for the Staf4 a~ Flbrida ~t Larj~ My Commission expires: - ` ' ~ ' - . ' . ~ Retum To: ; c.' ~ ` ~ ~ _ ~ First Fedtral Savings 3 loan Associat~on ~ - ~ Ot Fo~r P~erce. ,..^tiY i..:LIC.SIitiEei ' ~ . • iLOF~lDA st ~ fort Pierce, fiorida .'t C.. ..ii E7(Pt°: j~~ s IAN. 19ri : - r: an ~.,;.,.~rs i-~ ro r=.-,.~ r ` F1~E ~~8~j ~ This Instrument Prepared By GarY R• ~l~o~ ~T ~ ~ f CO ~~~R~Ep ; First Federal Savings & Loan Association ~~ERJ~c ~~P~ TRAS of Fort Pierce , Flarida RE~~R~ YfRT~I ED ~OURt ~ ~ Checked By .9~- t~(f(, 18 O ~ ~ o le A~ r~ sb ; : °rcR~~~ tnti~.~~ . 3 ' , i [ - - - ~ --T- - v . _ . ~ . . . _ ~ _ __.~~t~........ ~;'~„s'~'