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Home My WebLink About0133 9. To plac~ and continuou3ly keep on the bui'd~ngs now or hereafter •~~~ate on said land and on all equ~pmenl and perio~~lly covered by thit malg- with sll premiums the~con pa~d in iull, iire ins~ranca in ~he usual standard policy torm, i~ • tum approvcd bv ~he MORIGAGEE, and w~nds~o~m insurance 7n rhe usual ~isndard pol;ty form, in a sum ~pproved by the MORTGAGEE, in tuch tompa~y or tompan~es as the MORTGAGEE msy directj and sll fire and winda~orm insurance policies or? any of iaid build~npi, any ints~es~ lherein w pa~/ thereo(, i~ 1M appre9ste ~um alor~~aid w in excrs~ thereof, shaU contain the vwal srandard mortgagee tlause o~ such otMr cl~uss ai ~he Mo.tga9ea msy requ~r~, ma?irp ~hs lou unde~ sa~d po~i~ cies, e~ch and every, payabte to said MORTGAGEE as ~~s in~ere~t may appear, and each and eve?y svch policy shall be promptly ass.gncd and deiive~ed ~o any held by said MORTGAGEE as iuither security to said mortgsge debt, and, no~ less rMn ten (T03 days i~ advancs of tM txpiration o1 each policy, to d~- IivN to said MORIGAGEE a renewal the~eof, Iogether with a rete~pt fw ths p~emivm o( tuch renewal; and the~e ihall ba no fi~e o~ winda:orm insurance ~ plsc~d on ~ny of said buildi~gs, ~ny interest therein or put thercof, v~less i~ tM fam and with IM lou payabfe as at«~said; ~nd in the event any tu~n of mcney becomes payable under such poticy a pol;uea uid MORiGAGEF shall have the,opt~o~ to receive and spply the same on account of the indebted- ness 3ecured Fxreby o? to permit faid MORTGAGORS fo tec~iva and us! it w eny parl thereof for other purposes, vr~thout tharau~ w~iving or ~mpair- ing any equity, lien o~ right under o~ by virtue of fhis mortgage; snd in tha event faid M0~2TGAGORS shall ior sny reason fail to keep the said premise~ so insured, u iail to deliver pranptly any of said policies oi insuranc~ to said MORTGAGEE, or fail promptly to pay fully any p~e~nium therefor a in ~ny respetl (ail ro perfam, d~scharge, execute, et(ect, compltte, comply with ~nd abide by thii covenant, a any part hereof, said MORtGAGEE may place a~d pay for such inwrance or any part thcreof wirhout w+ivinp or sffectirg any option, iien, eq~~ty, or ~iyht under a by virtue ot th~~ Mongage. and ~ht full amounl of each and every iuch payment ~hall be immedistely dw and piyable and shall bea~ interest from the date thereof until paid at the rats of nlne per tentum pe? annum and to~erhe~ with such interesr shaii be srcu~ed by the fien of this mortgsge. 4. To permit, commit or suffer no wa~te, impairment oi detsriorslion of iaid property or any part thereof. S. To pay a11 a~d singular tF?e costs, charges and expe~ses, includiny s re~sanable attor~ey i fee a~d costs of abstratls of title, i~curred w p+id at any time by said MORTGAGfE, because w in thc event of the failure on the part of tha said MORiGAGOR to duly, promptly and (utiy perfo?m, d~uharg~, execu~e, ef(ec1, comptets, comply w~th and abide by each and every the stipulat~ons, agreements conditiwu, and covenant~ oi sa~d promissory note and this mwlgege ~ny oi eitFur, and ssid costs, charges and expenses, each and every, shall bs immediately dve and payable; whcther a r?ot there be ~otice d~ mand, attempl fo colkcl ot suit pend~ng; and the fvll amouM of cach and every svch payment shaU bear interesf lrom Jhe dete therecf until paid at the .ate of nine per centum per am~u:n; and all said cost~, charges and expenses incvrred or paid, together w~th such interest, shall be secured by the lien of th~~ mwfyags. 6. That (e) in the evenl of sny breach of this Mo+tgsge o? default o~ the part of the MpRTGAGOR, or (b) in the evrnt any of uld sums of rtw~ey herein ~e(ened to be no1 p~ompNy and fully paid within thi~ry (30) days next af1e~ Ihe same seve~ally becane due and payabie, wi?hout demand w notice, or (c) in the event each and every the stipuiations, agreements, conditia,s and tovenants of sa~d promiswry note and th~s mortgage any w either'ere no1 ~uty, promptly and fulty perfwmed, dtscha?ged, ezecuted, eftected, completed, compf~cd wi~h and ab+ded by, Ihen in eith~r a any such event the sa~d eg gregate sum mentaned in ssid promiuory note then remaining unpa~d, with interest accrued, and all moneys secvred hereby, ~hall become dve and pay- able fwthwith, or thereafter, at the option of said MORTGAGEE, as fully and compleieiy as if atl of rhe said sums of monoy were originally sttpulated to be peid on such day, anylhing in sa;d promisswy note or in this Mortgage to the contrary notwithstandir.g; and thereupon or thereafter al the option of said MORTGAGEE, without ~otice or demand, wit at law or in eq~ity, therefore or thereaiter txgun, may be proxcuted as if all moneys secured hercby had matured prwr ro~ts insfitution. 7. Ihat in the event that at fhe bcginn~ng of or at any time pending any suit upon this Mortgage, w to foreclose it, w to ~efwm if, or to enforce payment of any claims he?eunder, said MORTGAGEE sl+all apply to the Court havi~g ~urisd:ctipn thereof fw the appointment of a Receiver, tuct? Gourt shait forthwith appoint a receiver o{ said mortgaged ptoperty ail and singutar, includ~ng aIl and ainqular the income, p~o(ils, issuei and revenues (rom whatever source derived, each a~d every of wF~~ch, it being expressly understood, is hereby mortgaged as if speci(icalty ut forth and destribed in the granting and habendum dauses hereof, and such Rec~ivcr shall have all tfx broad and effeu;ve funcnons and powers in anywise entrusted by a Cou>> to a Recei,re., snd s~ch appointment shatt be made by such Court as an admitted equity and a maltet of absolute riglu to ssid MORiGAGEE, and without reference to the edequacy a inadeqvacy of the value of the property mortgsgrd or to the soivency o~ insofvency of sa+d MORTGAGOR or the defendants, and that such ren~s, profiq, income, issves and rovenues shall be applied by tuch Receive~ accwdmg to. the lien or equity of said MORTGAGEE and the practice oi such Gouh. 8. To du1y, promptly and fully pe?fo~m, discha?ge, execute, effect, mmplete, comply wi~h and abide by each and ev~ry the stipulations, agreements, conditions a~d covenants in sa~d promissory note and this mortgage sef fwth. 9. That in the event the ownersh7p of the mortgaged premises, or any pnrl thereof, becomes vested in a person other than the MORTGAGOR, the MORTGAGEE, its successws and ass~gns, may, wi~hoe;t notice to the MORTGAOR, deal with such succeuw w~~ccessor ;n ;ntereat with reference to this mortgage and tf~e debt hereby secured in the same man~er as with Mortgagor without in any way vitiaring or dixharging the Mortgagors' liability her~ unde: or upon the debl hereby secured. No sale of the premixs hereby mortgaged and no lorbearance on the part of the MORTGAGEE or its successors or assig~s and no extcnsion of the time fa the payment of the debt hereby setured given by the MORTGAGEE or its succcssors or au;gns, shalt operate ro reiease, d~uharge, mod~iy change or affect the origina! liab;i;ty of tbe MORTGAGOR herein, either in whole or in psrL 10. !t is spec~fically agreed that t~me is of the essence of ~his conuact and tha~ no waiver of any obl~gat~on hereunder or of ths obligation sr c~red hereby shall at any time thereafter be held to be a waiver of the terms hcreof u of the instrument secured I~erby. 11_ In add~tio~ te the forego:ng monthly payments of princ"pal and interest required by the promissory nore secured hereby, mortga~or wvenants and agrees to pay to mortgagee with each monthiy payment an acd;rional sum estimated 'by mortgsgee to be tqual to 1 J 12 of the annual tost of the follow- ~ng: A-All real property taxes levied or assessed against thc above described real estate. 8-Prem~ums on fire and windstorm insurar.ce as herein requ:red to be carried on the improvtments situare ort the above described premises. C-Premiums on wch mortgage guararoy insurance as martgagee shall from time to time deem fit to tarry o~ the loan sec~red hereby. Mortgagee sfiatl from time to time notily moctgayor in writing of the amount due and payable hercunder and such sum shall thereupon be due and Fayable on the due Bate of the next monthly payment and each successive month therealte~ ur.til mortgagee shaH not;fy morrgagor of a change in such a^,ounl. Such sums shai! be appl;ed by motfgagee ?oward lhe payment of real p~operty taxes, insurante prem:ums, and mortgage guaranty insurance p*emiums. IN WlTNE55 WHEREOF, the said MORTGAGOQ has hereunto set his hand and seal the day and year first aforesaid. Sgned, Sealed and deliver w the preunce of: ~ (Seah -~e V . Man I ~an ' / ~ ~,L~ld.t'7~~ . ~~n -._(Ses~ Gloria S. ' Manuel ,U,n ~ S+ 7E OF FLORlDA ~ , ~ couNrY oF St. Lucie ' Joe V . ~lanuel a~ ~ Before me personatfy appeared ; Gloria htanuel his wife, to me well known and known to me to be ; the individuals described in and who e:ecuted the foregoing instrument, and acknawledged before me that tF~ey executed the same fw the purposes t rherein expresxd. Md tFx ssid Gloria S~ Manue2 ~.~re of e~ ~;a _ Joe V. Manuel o - upon s uparete and private examination by me taken separate and apart from her said husband, atknowledged to and before me that she ex`cuted 'd instrument freely and vol~n- ~ tarily and w~thout any computsion, constraint, apprehensi~on~, w fear of w from her said husband. ' WITNESS my hand and_ official seal thi:__~..`~TJ/ day J Z A.• 0. 19 73 _ , a _ ~ otaryr Public in and for the S1a .af f id t~ qe ' My Commission expires, _ . : ~ _ Return To: ' - • i ~ O ~ , ' S First Federol Savings 3 loan Associatbn /?jslJ3o2 B=~~tnrt' or~oRrp~.r r~eGE Of Fort P~erce. ~~SJO~ E)(p1R DEC:.i23: 197$ { Fort Pierce. Florida f-.,~ t• 7i~~~:~.Unbe~idten. ~ FILFO AK. ~ECDADEO • - f . ST.LUCi~ 4~1;M?Y F~A. 'r~,:~~ ` FOG~" i S~T~~S CIEFR L'i~GUt+ COUR? ~ arr.na-. vEF~~~Fp._._.__, ~ This Instrument P~epared ByJohn k'. Collins ~ ; First Federal Savings & Loan Association ~ ~ 27 ~u f~~ - , of Fort Pierce~ ~lorida r Checked By I~ ~ ~ ~ ~ , 3 ? ¢~0.'17 ~31 ;5 ~ _ . _