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Home My WebLink About2171 3_ To place and conti~uo.rsly keep on the bu~:d~ngs now o~ hereafter aituste o~ said land and on aN equiprnent and personally covered by this matg• with atl premiums thercon pa~d in lull, fire in~urance ~n the usual stande~d po~~Cy form, in a sum ap{xoved by ~he MORiGAGEE, and winds~o~m insuranc~ in ~he ~swl ~eandard pol;cy form, in a sum approved by ~he MORTGAGEE, i~ wch company or canpanies ss rhe MORTGAGFE may dirsd; ~nd all fi~e and w~ndstorm insurance pol+cie~ on any ot said build~nys, ~ny interei~ therein or part ~hereof, in the aggrega~e tum afwesa~d a in excrss thereof, tAall contain ~he usunl standard mo+tgagec clause o~ such o~he~ clauss as Ihs Ma~yagze may requ~~e, making ~he loss unde~ sa~d polF ues, each and eve~y, payeble ro said h10RTGAGEE as ~~s intere~t may appear, and each and every tuch policy sball be prompfly ass.gned and delivered ~o ~ny held py s~;d MORfGAGEE as fu~ther security to sb~d matgage debt, and, not leu Ihan teo (10) days in adva~xe of the expirafion of esch poGcy, to da livK to said MORTGAGEE a renewal the~eof, ~oge~her with a rece~pt for the prem~um of such renewal; and ~here shall be no fue or windsto~~n insurance p~sced on any o1 said bvildings, any intere~l therein or psrl the?eof, unleu in the (orm and with the lou payable af aforesaid; a~! in the event any sum of money becumei payable under such poticy w pol~cies said MORTGAGEE shall have ~ha op~~on to ~cceive and apply the same on accounl of the indeb~ed- neu secured hereby or to permil ~a~d MORTGA60RS to receive and uss it w any par~ thereof lo~ ori~cr purpases, vri~ho~t th_r~ur waiving or ~~~ipair- ing any equity, lien or right undei or by virtue of th~s mo:t9age; and in the evenf ts~d MORTGAGORS thall tw any reason fail to kerp the aaid premiart so insured, or fail to deliver promptly ~ny of said pol~cies oi in:urance to said MORTGAGEE, or fail promptly to pay fulty any prem~vm the~etor or in a~y reapect tail to perFam, d~scharge, e:eture, eifect, tomptete, comply with and ab~de by this covenanf, or any part he~eof, sa~d MCiR7GAGEE may piace and pay for suth inturarxs or any part thareof without waiving ot sffetting any option, lien, equity, or ~:ght under u by virtue of this Mongage, and the , tull amovnt of each and avery such payment shat~ be ~mrnediately dus and payable and s}wl! brar interesl from the date ~he~eof uniil paid at the rate ol n~ne per cavum pe~ annum and togrthrr with suth iroereat shali Ix secured by the lien of th7s matqage. ' 1. To permit, commit q sutter no wasle, impairmcnt or deteripration of sald prope?ty or any part thereof. S. To pay all and singular the cosls, chargcs and expe~scs, includirg a reasonable attorney's fee and costs of absvacts o/ ti~le, incur.ed or paid at any time by sa~d MORTGAGfE, beca~se o~ in the eveRt oF the fa;lure on the parf of the said MORTGAGOR to duty, promptly and futly perform, d~stharge. eaecute, effM, comple~e, canply wirh and ab~de by each and every the stipu~ations, agreements, conditions, and covenants of said p~omissory note and ~his mortgage any p eithe~, and sa~d coars, cha~ges and expenses, each and eve~y, shall be immediatefy due and payable; whether or not there be ~ot~ce dr mand, attempt !o cpllect p suit pending; and the full amount of eath and every such paymenl shall bear interest from the date thereot until paid ~t Ihe ~~re of nine per centum Env annum; and all said costs, charges and expensei incurred w paid, together w~th such interest, shaU be secured by the lien of thi~ mortgsge. b. 1'Mt (a) in the event of any b?each of tF~is Mortgage or default on the part of the MORTGAGOR, or (b) in the erent any of said sums of money herein referred to be not promp~ly and fully pa+d within thuty (30) days nexl after the same severatly become due and payabte, withoul demand or ~otice, or (c) in the event each and ev.ery the stipu;ations, agreement~, condirions and covenants of sa:d promissory no~e and th;s mortgage any w either are not ~uly, promptly anc! iutly performed, d~scharged, ezecuted, effected, compteted, compl~ed vr~th a~d abided ~iy, then in e+~her a any such event the sa~d ag gregate sum mentwned in said promissory note tFxn remain+ng unpaid, with interest accrued, and a71 moneya aecu~ed hereby, shall become due and pay- able fort'hwith, w th~reafter, at the option o4 said MORTGAGEE, as fully and completely as il all 01 ttie said sums of money were or~ginally stipufated to be pald on such day, aoyfhing in sa:d p.om~ssory note or in this Mortgage to the contra?y notwithsianding; and ~hereupon w ~hereafte~ ar the opt7on of sa~d MORTGAGEE, without not~ce or demand, suit at law or in equily, therefore w thereafter begun, may be prosecuted as if all moneys secured hereby had matured pnw to its institution. , 7. That in tF+e event that at the begin~ing of or at any time pending any suit upon this Nbrtgage, or to foreclou it, or to retorm it, or to e~force payrtfeol of any claims 6ereunder, said MORTGAGEf shall apply to the Court having jurisd;ct~on the~eof for the appo~Nmem of a Rcceiver, such Court shall forthwith appoiM a receiver of said mortgaged property all and singula?, intlud~ng all and singular the income, profds, issues and revenues fiom whatever source derived, each and eve~y of which, it beir.g expressly understood, is hereby mortgaged as if spec~iicalty set fo.th and desuibed in the g~anting and habendum clauses hereof, and such Receiver shali have all the broad an~ effective funct~ons and powers in anywise entrusted by a Covrt to a Receiver, and s..ch appointment shall be made by such Court as an ad~nitted equity and a rt+atter of absotute right to said MORTGAGEE, and without refere~ce to rhe adequacy o~ inadeqvacy of the valve o/ rhe property mortgaged or to tfie 3o~venty or insotvency of uid MORIGAGOR w Ihe defendants, and that svch ~rnfs, profiM, income, issues and revenues shall be app7ied by such Receiver accord~ng to the lien or equity of said MORTGAGEE and the practice of such Coutt. 8. To duly, promptly and fully pe~fwm, d~scharge, extcure, efEect, complete, comply w;th and abide by each and every the sfipulatior.s, agreemenfs, conditions and covenants in uid promissory ~ote and this mwtgage set fwth. 9_ That in the event the ownership of the mortgaged premixs, d any part the~eof, becanes vested in a pers~n other than the MORTGAGOR, the h',ORTGAGEE, its wccessws a~d aasigns, may, witlw~t notice to the MORTGAOR, deat with such successor o? svccessw in interesf with ieference to this m.ortgage and the debl hereby setured in the same manner as with Mortgago~ without in any way vitiating or dixharging the Mwtgagors' liability hero- under w upon the debt hereby secur¢d_ No sale of the premises here6y mortgaged and no fwbeara~ce on the part oi the tdORiGAGEE or its successws or assigns and no exrens+on of the time fo? the payment of the debt hereby sccured given by Ihe MORTGAGEE or its successws w ass:gns, alwll operate ~o release, d~xharge, rnod~fy change or affect the origi~al liability of the MORiGAGOR herein, either in whole or in part. 10. It is specifically agreed that time is of the esse~ce of this contract and that no waiver of any obf~gation hereunder or of ihe obtigation se- cured hereby shatl at any time thereafrer be held to be a waivcv of the teams hereo! or of the instrument setured herby. 11. 1n ac.+d:tio~ to the forego:ng month!y payments of princ'pal and interest required by the prom;swry note secured hereb~, mortgagor covenants ~nd agrees to pay to mortgaqee vv~th each momh~y payment an sdd~rional sum esnmated by mortgagee to be eqoal to i/12 of the annual cost of the follow- in~: A-Ail reai property taxrs !e~iie~ ar aszess~d agai•,s! thc aF:ove desc.e5ed i~al esfate- B-Premiums on f~re and winds~o+m insuracce as herein requ~red to be tarried oo the impraveme~ts s~tuate on the above dascribed premises. C-Premiums on such mortgage g~aranty insurar.ce as mortgagee sha{I (rom t~me to time deem f~t to carry on the loan secured hereby. Mortgagee shall from time to time r.otify mortgagor tn writing of the amount due and payabte hereunder and such sum shal! thereupon be due and ~ayabJe on !ha due da~e of ~he next month!y payment and each successive month thereaiter until mortgagee shall notify mortgagor of a change in such a-^ount. Such sums sF.all be applied by mortgagee towa-d the payment of real property tazes, insurance prem;ums, a~~d mortgage guaranTy insurance p•emiums. !N YJfTNESS Y~HER'cOF, ihe said MORTGAGOR has hereunto set his hand and seal the day and year first aforesaid. 3 Sig~ed, Sealed and delivcred 'n the presence of: _ ~ ~ an ` csean ; ~ ~ - ts~a~~ ~seaq STATE Of FLORIDA 1 . caurvTV oF St. Lucie j~' j Before me personaliy appeared genJamin D~ Alackwell ~.~Y~ a~ ~ ,Tan E~ Blackwe,il his wife, to me well known and known to me to be rhe ind;viduals described in and who executed the fore~oing instrument, and acknow(edged before me that they exec~ted the same tor the purposes ~ rherein expressed. And the said Jan E~ BZaCkW@ZZ w~fe of the said B~n~amin D~ BlaC~Qll~ .IZ~ upon a separate and private e~am~~ation by me taken separate and apart from her said husband, acknowledged to and before me that she executed said instrument {~eely .and volun- ~ ' rarify and w~thout any compulsion, constraint, apprehension, w fear of or from her id husband. ~ W(TNESS my hand and official seat this 2dth d o '712~y a~n: ~9 73 ~ ~ _ ` Notary Public in and tor Slate :~loi' a"shlarfle : ` ~ My Commission expire ' ' ' , aetum To: . NOTAftY ALlC. §~/1?E o1 F~RfDA~#2ARGE ~ First Federal Sav+ngs b loan Association MY CORIMIS$(GN h;Q~F~~ p~y ~~975 ~ Of Fort P~erce. ~ondeE ir.ru Gsf~u~l'Itt-~u~sntq.~fp',{~t„t{tefi~ ~ Fort Pierce, florida ti ' - FtlEO awn R~CJRDtO ST. tUCiE GOUNTi~ F(A: ROGEn POITR~?s € This tnstrument Prepared By Robelt Swishez ClERK CtP.G~JIT COUItfi ~ First Federal Sevings 8~ Loan Association RECC~r.. ~~Rt~rEO ~ , of Fort Pierce~ F2orida ~ Ju~ t~ 9 zs AN'?3 ~ Checked By 259633~5 800U~~V PACf~~ - - _ _ - - - - _ ~ xs~ S 4, ~ ~ ~ . y.R ~t ~K:~