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Home My WebLink About1657 3. To place and continuouely keep o~ the bu2d~nga now w Aeraafter ~ituate on se~d land and on all eq~ipment and pr~sonatty covered by this mwlq- ~g~, wilh ~II premiumf thercon pa~d in full, fire ins~rance ~n rhe usual srandard poli~y form, in a sum approved by the MORIGAGEE, and w~nd~~orm insurance in the usual ~tandard pol~cy (o~m, in a~um approved by the MORTGAGEE, in i~ch company or canpanies as tM MORTGAGEE may direcl; ~nd all fire and wind~torm ini~rance polici.s on a~y of iaid buiid~ngs, any interQSt therein o~ p~~l Ihe~eol, in !he aggregate sum alwetaid or 1n excefs lhe.cof, shall comain Ihe usual s~andard morfgegee clause w ~uch o~her clauss at Ihe Mwlflagee may requ~re, makin9 the loss undrr sa~d poli- cies, each and every, payab~e to sald MORTGAGEE as its intcres~ may ap~ear, and each and every such poiicy shall t~e p~ompify sss gned and delivered to sny held by sa~d MORTGAGEf es fureher security to said mortgaye debt, and, no~ ~ess than len (101 days in advance of the expi~stion of e+ch pot~cy, to da livt~ lo said MORTGAGEE a renewal lhereoF, togc~ha~ with a rece~pt fa the premium of auch renewal; and there shall be no f~re or windsto~~n inivrancs pl~cad on ~ny of said build~ngs, any interest therei~ or parl thercof, unless i~ the form and wi~h ~hs loss payeble ss afaesa~d; a~+d in the evont any sum 01 money becomes payable unde~ such policy a poGcies said MORTGAGEE ~hall have the opt~on ~o rece~ve and apply the seme on acco~n~ of the indab~ed~ nets secured hereby a to permil sa~d MORTGAGORS 1o receive and use it a any pa~l tnereoi for othcr pw~,osrs, w~rhout th:.. u~ waiw;»~ o~ ~mpair- ing any equ~ty, lien a+ight undei w by vir~us of this mo:r~~ge; and in the ~ven? ~a;d MORTGAGORS shall fo~ any reason fail to keep the aaid premisr~ so insurcd, o~ fail to del~ve~ promptly any oi said pol~cies o( insu~ance to sa~d MORiGAGEE, or fail promptly to pay fully any pre~~,ium ~herefor or in any - respett fail to perfwm, d~scharge, execute, eitect, comptete, tomply with and ab~de by this covenenl, w any parl Iu?eof, sa~d MORTGAGEE may plxe and ' pay tw such inwrance or a~y part thereof without waivcng w•(fectinp sny option, lien, eqvity, or righl under w by virtue of thia Mortgape, and tht full ~mount oi each and swry such payment shall be immediately dus and payable and shail bear interest from ths da~s ehereof until paid af the rat~ oi nine per tentum per annum and to~etl~er weth such interest shafl be tecurcd by fhe lien of lhis mortgage. ~ • 1. To ?xrmit, commit or suffer no waste, impairment or deteriarat;on of sa~d property w any psrt thereof. 5. To pay all and singular the costs, charges and expenus, including a reasonable atro?ney i ~ee and costt of absVacts of t~tle, i~c~rred or paid at eny time by ~aid MORTGAGfE, because w in the evertt of th6 faiiure on the part oi the said MORTGAGpR to duly, p~omptly and fully psrfam, d~scharge. execute, effect, complete, comply w~th and ab:de by each and every ~he stipulat~ons, agreementi, co~ditions, and covenants of u~d prom~ssory nosr and this mortgage any w eitAer, end said casts, charges and expenses, e~ch end every, shall be immediately due and payable; whether o~ not there be not:ce da mand, attempt to co!ltct w suit pending; and the full amount of each and evary such payment shall bear interesl from Ihe datQ thereof untit paid ~t the raie of nine per centum ~:r annum; and all said casts, charges and expenses iocurred a paid, together w~th auch interest, ahall be secured by ~he lien of this mortQsge. 6. TRa1 (a) in the event of any breach of this Mongage or defavlt on the part of the MORTGAGOR, or (b) in the event ~ny of sa:d s~ms of mo~ey herein referred to be not pranpNy a~xJ fully paid within Ihirty (3p) days neat aiter ~he same uverally b~come due snd payabls, without demand or notice, or (c) in the event eath and every the stipulations, agreements, cond~fions and covenants of sa~d promissor{ note and th~s mortgage any w ei~her are not i~~y, promptly and iully performed, d~scharged, executed, eifected, tompleted, complied with ar.d abided by, then in either or any such event the sa~d ag . g~egate sum mentaned in said promissory note lhen remaining unpaid, with interesl accrued, and a11 moneys secured htreby, shall become due and pay- a61e fwthwith, or thcreaF~er, at the opr~on of sa+d MORTGAGfE, as lully and compteeely ae if all of the said suma oi money were ai9inslly st~pulated to be pa~d on such day, anything in srd prom~sso~y note w in this Mortgage to the contrary no~withs~and~ng; and ~hereupon or thereafter at ~he opt~on of said MORiGAGEE, without nonce or demand, s~it at taw or in equity, therefort or thereafter begvn, may be prosecuted as if all moneys secured hereby hod matured pner to i~s institution. 7. That in the event ~Rat at the begi~n~ng of or st any fime pendtrg any s~~t upon this Mortgage, or to fwectose it, w to reform it, or to enforce payment of any claims hereu~der, said MORTGAC+EE shal( app(y to the Court having jurisdicrion fhereof fw the appointment of a Receiv~r, st~ch Court shali forthwith appoint a receiver of said mortgaged property all and singular, includ~ng aIt a~d singular the income, prof~ts, issues and reven~s trom whatsver source de~ived, each ~nd every of wh~cfi, it be~ng expressly understood, is he~eby mer~gaged as if speufically set fo~th and deuribed in the gra~t~ng a~d habendum clauses IKreof, and s~ch Receiver shaU ha~e all the broad and effective tunct~ons and powers in anywise e~trusted by a Cour1 to a Receiver, and s~ch appointment ahall be made by such Court as an admitted equity and a matter of absolute righl 1o said MORTGAGEE, and withaut reference to the adequacy or inadequacy of Ihe value of the property mortgaged or to the so.vency or insolvency of said MORiGAGOR w the defendants, and that such renrs, profits, irxome, iasues and revenues shall be applied by such Receiver accord~ng ~o the tie~ or equity oi aaid MORTGAGEE and the praclice of such Court. 8. To duty, promptly and fully perfo•rr., discharge, execute, eifect, complete. compty w:th and abide by each and every the stipuiations, ag~erments, condition~ and covenants in sa,d promissory note and this mongage set forlh. 9. That in the event the ownership of the mortgaged premises, or any parl thereof, becortws vested in a per~n other than the MORTGAGOR, the ~:•ORTGAGEE, its successws and assigns; may, witho~t notice to the MORTGAOR, deal with such successw or successw in interest with re(erence to this morrgage and the debt he+eby secured in the same manner as with Mortgago+ without in any way vit;ating or diuharging the Mortgagors' liability here- under or upon the debt hereby secvred. No sale of ihe Fremises hereby mortgaged and no forbearance on Ihe part of Ihe lJ10RiGAGEE w its succeswrs or assigns and no eztension of the time for the payment of the debt hereby secvred given by the MORTGAGEE or its successars or assigns, shall operate ro release, d~uharge, modify change er affect the original liabi{~ty of the NORTGAGpR herein, either in whole w in part. 10. It is specifically agreed that time is of the essertce of this contract a~ that no waiver of any obligat~on hereunder pr of the oblegation se- cvred hereby shalf at any timr thereafter be held to be a waiver of the terms hereof or o( the instrument secured he~by. I L(n add;tio~ to the /orego:n9 mo~thly payments of princ pal and inrere:t ~equ;~ed by the prom;ssory note secured hereby, mortyagor covenants and agrees to pay to mo:tgagec w+ith each monthly payrnent an add~~io~al sum estimated by matgagea to be equal to lj 12 of the annual cost of the follow- ing: A-dll real p.operty taaes leveed or assessed agaiost thc above descri~ed real esrate. B-Premiums oe f;re and windsro~~» ;nsurar.ce as herein requ:red to be ca~r~ed o~ :he improveme~ts s~tuate on the above desc~ibed premises. C-Premiums on wch mortc~age gua.anty insura~.ce as mortgagee sha{I from t~me to time deem fit ro carry on the loan secured 6ereby_ Mortgagee sfia;l from t~me to time nofify mo~tgagor in writ~ng of the amount due and payable hereundrr and such sum shall thereupon be due and Fayabfe on the d~e date oi rhe ne~cr monrh:y paymertr and each wccess+ve month thereafrer ur~tii mwtgagee shall notify mortgagor of a change in such a~:ovnt. Such sums stiail be appfied by mortgag~e roward the payment of real property taxes, insurance prem:ums, and mortgage guaranty insuraoce p~emiums. I ESS N:HEREOF, the sdid MORTGAGOR has hereunro xt h~s hand and seal the day ~ ear first afwe d. 5' aled a e er ~~in the pres~'nce of: ~ . _ ~ ~ • s ~ xa~ ~ r M . Le i (Sea4 t-,~ ~ Seal) ~ ~ Brenda E. Leamin ~a~~ ~~ATE OF iIORIDA ~ COUNiY OF SL. j.ilCl@ ~ 1 ~ Before me penonally appeared Peter M. Leaming a~ ~ Brenda E. Leamin his wife, to me well k~own and known to me to be ` the individuals described in and who execvted the fwegoing instrumem, and ackrwwledged before me that tF~ey executed the same fot the purposes ` Brenda E. Leaaing ~herein expressed. And the said ~ .vlfe of the said Peter M. 1.Qa[q1ilO upon a separate and private examinat~on by me ta4en separate and apart from he~ said husband, acknowledged to and before rrK that she exetuted s~id instrumeM fteely and,vp~uo- ; ra;ily a~d w~thout any compulsion, constraint, appreh lon, r fear of w from her said husband. / ~ WITNES$ my hand and officia! seal thi~_ day of `july , ~ t:/~ ti,~~,, t ~ - ~ - . ~ otary Public in and or the St of ~lor' `~at ~}ir~; My Comm~ssion expires: ' : ' . ' Return To: o ~ First Federal $avings b Loan Association ~~r ~•v~~ ~ ~ 14w O~t~li°r`s., Of Fort P~erco. ' , Fort Pier~e, FlorSda ~ RDEO T^~.' ? • ~Q • E~~EO ~_co - ~ sT. iuc~f cour~tr F~~. , - ROC.~ ~ ~+~iT~AS ~ f1pTARY PUBCfC. STA1~'d'~IDA stfARQE CLfRK ;,:•,CU{T COURT ~ ~~y r~ s5;~„'i EXFt~ES't~cC~. 23. '_9T5 This Instrument Prepared By John W. Collins~ vEt~~F~EO First Federal Savings 8 loan Association 9 03 ~N ~ 13 of Fort Pierce , Florida i ~ Checked By ,~~~6 f c. kr. f~Si 1~~7 ~ , ~ - - - - - - - - ~ , b- ~ ~ f ~ ~ z ` : 4~~ - ~ = ~`~~`wsF ~ ~~~`'~a w. ~ - 3 y~-x.t~~ . ~s _ ~ _ _ .~~~,r~`'~~su~: