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Home My WebLink About0377 3. To plact •nd continuou3ly kecp on ~he buildings now a hereafter s~fuate o~ said Iand and on alt eqvipmem and ps.io~+ally covered by this ma~g- ag~, with ~II premium~ thcrcon pa:d ~n full, f~re insurance ~n tM usuai s~~~dard potKy form, in a sum ipp~oved by tht MOR(GAGEE, and winds~orm insuranc~ in the usual panderd pol:cy fam, i~ a sum approved by the MORiGAGEE, in suth company or companie~ ~s th~ MORTGAGEE may direct; and all (ira and w~ndsto~m insurance poUciet o~ ~ny of aid build~~gs, any in~ereil therein w part thereof, i~ 1M aQflreyNe ~vm ~faeia~d a tn exceu tAe?eot, :1at1 cor+tain the usual •randard matpapce clsuse w suth o~her clause as tM Mo+~g~gee may requue, maMinp ths foss u~der ia~d pol~ cie~, each ~nd evay, payabl~ ro said MORiGAGEE ai ~t~ int~rest may appear, and each ~nd every svch poliq ~hall be promptly au"flned a~d delivered to •ny held by said MORiGAGEE as fu~~he~ secv~ity to said mortyage debf, and, not leas than ten (10) days in adva~ce of the expiration of eoch policy, ~o dr liva to said MORiGAGEE a reoewal theroof, togetha with • rece~pl tor Iht p?emium of such rcnewal; and there shall be no I~re or windsto~m insuronce ptsced on aey ot said bvildings, any in~eresl there~n w part theieo(, v~leu i~ tht fo~m and wifh tM loss payab~.a at afweia7d; and in the evsnl any sum of money becomes payabte u~de? such policy a pot~cies said MORiGAGEE ~hall have the option to receive and apply the tame o~ accounl of the indzbted- neu iecu~ed hereby a lo permil iaid MORTGAGORS to reteive and us~ it or any part thereof for o:hcr purpaies, vG~hout th:nu~ wai~i~~g or ~r~rpab- ing eny equity, lie~ or ~ight ~nd~v w by virtue of this mor!gage; and in the event said MORTGAGORS sMll for any reason fail to keep the sau! premisrs so insured, p~ fail to detiver promptly any oi said policies of i~s~rance to uid MORTGAGEE, or fail p~omptly -to pay fully anv p~em~um therefw or in any respect fai! b paiam, d~scharge, execufe, effect, compl~te, comply wi~h and abide by this covenan~, or any pare hereof, said MORTGAGEE may pl~ce and paY for such in~urance w any part thereot withart w~iving w afirctirg any option. {ien. eq~iry, or rghl v~der ot by virtw of this Matga9e. and tiu full amount of each ~nd every such payment shalt be inunediately dve and psyable and shall beu interea~ from the data thereof until paid at ths ~ate ot nine per centum par annum and togethar with such interest shalf be secured by the lien of this matgage. 1. To permit, commit a svifa no wsste, Impairmtnt d deterioration of wid ~ope~ty a any p~r1 thereof. S. To psy all and ~ingular the costs, charges and expenses, includin~ s reasonab~e attorney i fee and costs of abst?acts of title, incvrred or paid at any time by said MORTGAGEE, bccause a in the event o1 the failure oe~ ~he pa~t of ths said MORTGAGOR to duly, promptly and fully perEam, dixha.ge, execute, et(ea, comptete, comply with and abide by esch and every ~he ~tipulations, a9reemenb, conditions, and mvenants of ssid promissory ~ote and this mortgage any a either. and said cosb. chargcs and expenses. cach and every, shall be immed~stely due and payabte: whether or not 1Fxre be notice de~ mand, attempt to to~lect or auit pending; and Ihe fu~l artaunt of each snd every such payment shall bci? iNerest from the date thereof u~til paid ~t the rate of ni~x per centum per annum; and sll said costs, charges and expense: incvr~ed or paid, toge~het wdh such interest, ~hall be tecured by the lien of thu mortyag~. 6. That (s) in the event of any breach of this Mortgage or defautt on the part oF the MORTGAGOR, o+ (b) in fhs svenl sny of ssid svms of money he~ein referred ro be not promptly aod iu11y paid within thuty (30) days next after the same severalty become due ar?d payable, without demand w notica. or (cy in the event each ar~d every the s~ipulations, sgreements, cond~tions and tovenants of sa~d prom~swry oote and ~h~s mortgage any w either are oo} ~uty, promptly and fulfy performed, d~scharged, executed, effected, completed, complied w~th and abided by, then in either or any svch event the said ag- g~egate sum mcntioned in said promissory nofe then remaining u~paid, with interest accrued, and all moneys secured hereby, .shall become due a~d psy- abte forlhwith, w tlKreatter, at the option of said MORTGAGEf, as fully and completely as if al! of the taid sums oi money were aiginally st~putated to be pa~d on wch day, anythirg in sa:d promisswy note w in this Mwtgage to 1he comrary notwithstanding; and Ihereupon or thereafter at thQ option of said MORTGAGEE, without not~cc o~ demand, suit at law p i~ equity, therefwe w thereafter begun, may be prosecuttd as if all moneys ucured heieby had mat~red pr~Or to i» i~ttiturion. 7. Ths~ in the event that at the beginning of or at any tirt+e pending any suit upon this Mortgsge, w to foretlose it, o~ to refwm it, or to enforce payment of a~y tlaims hereur+der, said MORTGAGEE shall apply to the Co~rt having jurisd~d~on thereof for 1he appointment o( a Reteivtr, suth Court shall forthwith appo~nt a receiver of said mortgaged propc~ty al) and singufar, includ~ng all and s~ngular the income, prof~ts, i?suea and ~even~es trom whatever wurce derived, eath and every of which, it being expressly understood, is lxreby mortgaged ai if speciiitally xt forth ~nd described in the granting and habendum clauses haeof, and such Receiver shali have ati fhe brwd and effective f~ncnons and powers in artywise er~trusted by ~ Court to a Receiver, and such appointment shall be made by wcA Court as an admitted equity and a rt+atter oi absolute right 1o said MORTGAGEE, and without refere~ce to the adequaq or inadequacy of the value of the property rrqrtgaged or to the sowency a insolvency of said MORiGAGOR p the defendants,.and that such ren~s, profits, income, iuues and revenues shall be applied by such Receiver according to tha lie~ or equity of ssid MORTGAGEE and the pradice of such CouA, • 8. To du!y, promptly and fully perfwm, dtuha?ge, execute, effect. compfete, comply with and abide by each and every the stipu(ations, agreements, conditions ar+d covena~ts in sa~d promtssory note a~d th;s mertgage set fo~th. 9. That in the e~ent the ownership of the mortgaged premises, w any part thereof, becomes vested in a person other than the MORTGAGOR, the MORTGAGEE, its successors and assigns, may, witFw~;t notice to the MORTGAOR, deal with such suctessa p successor in interest with reference to this mor~gage and the debl k~ereby secured in the same man.~r as w~th Mortgagcr without in any way vifiating w dixharging the Mortgagors' liability herr under a upo~ the debt hereby secured. No sate of the premises hereby mortgaged and no fo~bearance o~ the part of the MORiGAGEE or its sutcessws or assigns and no extension of the time for the payment of the debt hereby secured given by Ihe MORTGAGEE or its successors or auigns, shal) op~rate ro retease, d~schargc, modify change or affeu the original Gab;Gty of the MORTGAGOR herein, either io whole qr io part. 10. It is specifically agreed that time is of the e:unce of thia contract and that no waiver of any obl~gst~on hereunde+ w oi the oblgaYan sr cured hereby shall at any time thereafter be he:d to be s waiver of the terms hereof o~ of the instrumenl secured herby. 11. In add~tion to the fwego:ng monthly paym~nts of princ pal and interest requ~red by the From~ssory note secured hereby, mortgagor covenants and agrees to pay to mo:tgagee with each mcnthty payment an add~iionaf sum esun:ated by mortgagee to be equal to 1;`12 of the annual cost of the follow- ing: . A-All real property taxes levied or assessed agai•ist the above descrihed real estate. ~ B-Prem~ums on fire and wEndsruem tnsurance as he~e~n requ:red to be c rried on the improveme~ts siluate on the above described premises. G-Premiums on such mwtrage guaranty insurance as mortgagee shall f~om t~me to time deem fit to tarry on the loan secured hereby. Mortgagee shail from time to time notify mortgagor i~ writ:ng of the amount due and payable hereundrr and tuch s~m shall thereupon be due and Fayable on the due date ef the nexr manthty payment and each successive month thereafter ur.tii morfgaqee shall rwtify mortgagw of a char?ge in suth a-»ount. $uch sums sF.ail !x apN;ied by mortgagee toward the payment of real property taxes, insurance prem:ums, and matgage guaranty insurance oremiums: IN WITNESS WHEREOF, the said ASORTGAGOR has hereunto set his hand and seaf the day and yeai first afp sai , Sealed and delivered in 1he presente ofi / ~ ~C. - ~ ~Q ~ d SeaO ' (Seal) ` Roberta B. M. Ford - ~a~~ i 57ATE OF FIORlDA ~ ; couNTr oF St. Lucie Befwe me personalty appeared Ray L. ITOrd a~ ` _ RObQIt8 B. M. Rord his wife, to me well known and known to rru to bs - i the individuals desuibed in and who executed the fwegoing instrument, end ackrwwledged befwe me that they executed the same fw the purposes ; therein expressed_ And the said Ro6erta M. r'OYC~ i wife of the said Ra~ L~ Fprd upon t~~.. ritdsand ~iVit ' examination by me taken separate and aparl from her said husband~wk o a~d before me that she execu:ed said instwmtat {(eelr~~~f ~arily and w~thout any compulseon, constraint, appre feaf of or from het 'd husband. ~J . '2y s-. ~ WITNESS my hand and official seal this ~ day of p~~q~ M~- L .I ; - _ Notary Vublic in and for tFx Staie d Qbrl~af rg~ : R" My Commission expires: . ~l ~ °J • ~ . Return To: ~ ' ~ • ~ ~ r r Fint Federal Savings S loan Associafion "-i ~t ' Of Fort P:erce. ~~:ARY PUBUC. SiATE ot RORlDA ~t U~i ' i E MY COMh11SSi0N EXPIRES JAh. 1. 1977~'~ ~ E Fon Vierce, Flor~da ~a gy Amariun Bink~n Inwra~ t~o,• 2so~s~ This Instrument Prepared By J. H. Roberts, Jr. , G_ First Federal Savings & Loan Association fILfO ••L~~R0~0 S7.LUGt~ :.~~M7Y ftA. ~ of Fort Pierce , Florida R4GLf =~=~~1?5 CiEF.K CI •~1~Ij COURT 1~ Checked B pFrC,~~vE^'~`•EO..~.--`~/-~" - Y~ puc 3 3 ~9PK'73 ' T,~n r ~~i~.t , - - - ~ - - _ -_Y _ _ . . - - ~ ;