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Home My WebLink About2899 To ~lIK~ and continuousiy kecp on the bui!dtr~qs now w M.ea(tN s~twt~ on taid I~nd and oe~ all tquipmeM ~nd pe~tonalty tovered by this morlg~ p~. with al) premium~ Ihereon pa~d in full, lire insurance in Ihe uiual ~tandard polity form, in a ~um approvcd by 1he MORtGAGfE, and windstwm insu~anc~ In 1M usual t~andard pot~cy fam, in ~ sum approved by ~1+~ MORTGAGEE, in such company o~ canpa~ies as ~Fu MORTt'aAGEE may dirtct; ~~d all fir~ and winditorm i~~urance policies on ~ny of isid buildinps, ~ny in~trs~1 Iherei~ a put thereof, in the aflg~ega~e sum ~la~wid or In ~xtes~ thereof, sMll conlain ths usval ftandard mor~gsyee clause w such other t?aute ~i 1M Mor~yagee may req~,rs, makinp ~he lo» unde~ sa~d po~r c~st, each snd every, payable to iaid MORTGAGEE as it• intere~l may appear, and each a~d we?y ~vch potiq ~hall be prompNy a~s gned a~d de~~~ered ~o any hcld by ~aid MOkTGAGEE as (v~~her security to ssid mortpage deb~. ~nd, not lest ~Mn Ien (10) daYS in advance ot the expiration of eich policy, !o d~- IivK to aid MORiGAGEf a.e~awal rhercof, tope~l+N with a rete~pt fw the premium oi such ~enewal; and ~here ~hall be no f~re a winds~orm insurance pl~c~d on any of said buildingi, ~ny in~erest lfierein a pan ~he~cof, unlau in ths iorm and with tht loss payable aa •fores~id; and in 1he eveni any ium of mon~y bccumes payabie unde~ such poltcy or policies said MORiGAGfE shall have ths opr+on to recrive and apply the same on account of the i~deb~ed- nssa securQd hereby a fo permif ssid MORTGAGORS to reteive and vf~ i1 or sny part lhercof for othcr purF,o~es, wi~houl th:+eu~ wa~ving or u~~pair ir+g ~~y equ~ty, lien or right ~nder a by virtue of this mo:tq~ye; snd in tM ~vent said MORTGAGORS sl+afl fw any reason (ail to keep the ssid premises so insu.ed, w fail ro dativer promptly any of iaid pol;cies of i~~ura~cs to s~+d MORTGAGEE, w fad promptly to pay fully any prem~um therefor w in any retFvct (ail to pe~tam, d~sciur9e, e:et~ls, elfett, complets, comply with ~nd abid~ by this covenanl, a any part hereof, said MORTGAGEE may piace and pay to~ iuch insuranc~ w any p~rt lhereo/ without w~iving w sffectirg any option, lien, cqvity, o+ righl uader or by virlue of this Nb~lgage, •nd tMt fult amou~t of each and every such payment sMl! be ~mmediately due snd payable ~nd sball besr interes~ from the date Ihereof until paid ~I the ~ate ol nine par contum pe~ annum and to~rlhar with suth interest shali be srcured by tM lien of thii mortgage. I. To permit, commit or svffer no waste, impairment or deterioratiw~ oi said property a any psrt thereof. S. To pay all and singulsr ~he costs, charges and e+cpe~se~, including a reasonable +ttwney i fee and costs of abstractt of title, i~curred w paid at any time by uid MORTGAGfE, becauu w in tFk event of fhe failure on tM part of 1M said MORTGAGOR to duly, piompely snd fully perfotm, d~scharge. execute, effect, complete, compty with and ab:de by each and every the stip~rtat:ons, agreeme~b, conditioni, and covenanri oi said prom~3sory note and thii ma~g+ga sny w ei~hor, snd sa~d cosls, cMrges and eapenses. esch and every, shall b~ immediately due and payable; whether a not tFxre be notice de~ mand, attcmpl to co{lect or suit pend~ng; and tha full amoum of each and every such paymcnt shall bear iroerest from the data rhereof ~ntil paid at the .ate o/ nine per cenwm p..v anrtum; a:id aFl said costs, charges and expensef incurred or paid, together w~th such interest, shall be secured by the lien of thi~ mortyage. 6. TMt (a) in the event of any bresch of this Mortgage w defau~t on the part of the MORTGAGOR, a(b) in ths evenl any oi saPd sums of money herein reTerred to be not promptfy and tulty paid wirhin th~rty (30) days next affer the same seveially become due and payabk, without dema~d or notice, or (c) in the eveN euh and ev~ry the stipulations, agreemsNS, conditions and covenants of sa~d promiswry note and th~t mortgage any o~ either a~e no1 iuly, promptly and fully performed, d~scharged, executed, effected, compteted, comptrcd wirh and abided hy, then in e~ther a any such event the sa~d ag gregate sum mentioncd in said promissory ~ote then remaining ~.npaid, with inlerest atcrued, and all moneys setured hereby, shall betome dw +~d pay- abie forthwith, or thereafte~, a1 Ihe option of sa:d MORTGAGEE, a~ fully and comple~ely as if ail of the said sums of money were wiginally stipulated ro be paid a+ such day, anythir+g in sa~d prom~ssory note a in this Mortgage to the contra~y no~withstanding; a~d thereupon w thereaftcr at the option of sa~d MQRTGAGEE, w~thout not~ce or demand, suit at law a in equity, therefwe or thereaiter begun, may be prosecuted aa if all moneys secv~ed hcreby i,ad matured pnp to its i~stitwron. 7. That in the event that at the beginning of w at any time pending any svit upon this Nbrtgage, a to ~wetlose it, w fo reform it, or to enforte payment of any claims hereunder, said MORTGAGEE shall apply to the Court having jurisdidion thereof iw the appointment of a Receiver, such Court shall forthwith appoint a receiver of sa~d mortgaged property all and singula~, inc{ud~ng ati and sfngurar ~he income, prolira, issues and revenues from whatever sovrct deriverl, each and every of which, it being eapressty understood, is hereby mo~tgaged as if specifically set for~h snd described in the granting and habendum cla~ses hereof, and s~ch Receiver shall have all the broad and effective funct~ons and powers in anywise entrusted by a Court to a Receiver, and such appointment shait be made by such Court as an admirted eqvity and a matte~ of absolute tight to said MORTGAGEE, and withoul reference to the edeqvacy o~ inadequaty of ~he vatue of the proper?y mortgaged or to 1he solvency or insolvency of said MORTGAGOR or the defendams, and that such renrs, profits, i~come, iuues and revenues shall be applied by such Receiver accord~ng ro the lie~ or equity o1 uid MORTGAGEf and the practice of such CouA. 8. To duly, prompNy and fully pe~fwm, d~scharge, execute, eifect, comptete, comply wiih and abide by ~ach and every the stipulations, agreements, conditwns and covenams ~n said promissay note and this mortgage set fo~th. 9. That in the event the owne~ship of the mortgaged prem;us, w any part thereof, becomes vested in s person ofher than the MORTGAGpR, the MORTGAGEE, its successws and assigns, may, without notice to the MORTGAOR, deal wi~h suth successw or successw in interest with reierence to this morfgsge and the debt hereby setured in the same manner is with Mortgagpr wifhout in any way vitiating or dixharging the Ntortgagors' liabitity herr under pr upon the drbt hereby secured. Mo sale of 1he prcmis~s F~ereby mo.tgaged and no forbeara~ce o~ the pari o; the MORTGAGEE o~ its sutceswrs or essigns and no extension of the time for the payment of the debt hereby secured given by ~he MORTGAGEE or its successws or au~9ns, ahall operate to release, d~xharge, modify change or affect the orginal liabitity of the AAORiGAGOR herein, eifher io whble or in parf. 10. tf is speu(icslly agreed that rime is of the esurxe of this contract and that no waiver of ~ny obligat~on hereunder w of the obiigatan sr o~red hereby shall at any time thereafter be hefd to be s waiver of tFx terms hereof a of the instrument secured herby. 11. In add~tion to the forego:ru~ monthly payments of print'pal and interzst required by the promissory nore secured hereby, mortgagor covenants and agrees to pay to mortgaqee v~~th each monthly payrnent an add~rional sum est~mated by morrgagee to be equal to 1% 12 of the an~ual cost of the follow- ~ng: A-Atl real property taxes levied w assessed against the above descriyed real estate. B-Prem~ums on fire and w~ndstorm insurance as herein requ~red to be carried o~ the improveme~ts situate on ti?e above desvibed premises. C-Premiums on such mortg~ge gua~anfy insurar,ce as morrgagee shall from trme to time deem fit to carry on the loan secured hereby. Mortgagee sha11 .'rom f~me to time notify mortgagor in w.~r;ng of the amount due and payable hereunder and such sum shall thereupon be due and Fayabte on tF?o due date of the nezt monthly payment and each successive mo~th thereafter ur.ti~ mortgagee ahall rrotify mortgagw of a change in such amount. $uch sums sF.a;i be app!ied by morrgagee toward the payment of ~eal propeny taxes, insurance prem;ums, and mwtgage guaranty insurance p~emitrms. IN WITNESS V~NEREOf, the said MORTGAGOR has hereunto set his hand a~d seal the day and ar ~rst foresai , . igned, Sealed and delivered in the presence of: ~ SesO ` h A nnin ~,n ~ ~ aq . ' t nnin s ~aq ! SiATE OF FLORIDA ~ St. Lucie ~ ~ ; couNnr oF E s Before me personally appeared Ralph A. Jennings a~ .~eanette Jenninas his wife, to me well known and known to me to be ~ rhe individuais described in and wFw~ executed the foregoing inslrumeM, and acknowledged before me that they execute~~dll!"~m!' •fq tFx purposes therein expresxd. Md the said Jeanette S, J@11Y1~I1~S Ral h A Jennin s ~.~ie of the sa~d p • 9 ~'.tipon a sepa'rote pnd private ; exam~nat~on 6y me taken separate and. apart from her said husbartd, ackrawledged to and before me that she exec~lid sa' 1 kur~i emt( j r~ly and volu~?- rari ly a n d wi t hou t any compu lsion, to~straiM, apprehension w f a of ot fr~rn her said husbaod. s i • ' WITNcSS my hand and o(ficial seal this d/ ( 7//' day of • ~t ~ p~ 1lT~- ; ` i • ~ ~ Notary Public in and for th~~~ o~' at r My Commission expires: ~ ~ f••,, . Retum To: ~ ~ ~ $~~?R;`iE ~ ' fint Federal Savings 3 loan Association ~'~I~~'~~~~~i. ~~s, 1~75 '~j i Of Fort P~erce. f~O~Pit`I pLf~ i. -.,~'.'~~F~1"j~'8 ~ ! Fort Pierce, ftorida MY . S ~r r` ' ~ ; i F f This Instrument Prepared By Gary F. Sllwood ~ ~~p ~M~ RECORDCD ; ~(y~;~ CaUNtY FLA. First Federal Savings & loan Association ROG~ ~~Ta~s of Fort Pierce , Florida CI.F~h ~`~~~UIT COURT 5 ~ R~!:OF: vE~~fi~o t Checked By 3p 3 24 PM s ; ~ Q sb 2+6?0133 . 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