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Home My WebLink About0859 3. To place and continuously kecp on the bui!ding~ now a here~fter ~itu~te on ia~d fand and on +it equipment snd per~onal~y cova~ed by fhi~ ma~g- ag~, with •11 premiums thercon pa;d in fu!!, f~re insu~ancs in Ihe vsual sianderd polity (wm, in a tum ap{xoyed by the MORfGAGEE, and windatorm insurance In the usual slandard pol;cy fam, in a sum approvtd by 1he MORTGAGEE, in ~uch company a companies ~s fM MORTCaAGEE may di~tch ~nd ~II (ire ~nd w~nds~orm insurance policies on ~~y of said bvildinp~, +ny Fntera~t therein or part Ihereol, in IM aggregara fum afu~s~id w in excess ~hereof, il»II contain the ~sual standard mortgaga~ tlwae w auch o~her claus~ at ~he Ma~9aye~ may req~i~t, makinp Ihe loas ~nde+ ~ud polF c'ro~, c+ch ~nd every, payabte to aid MORTGAGEE as ~ti inrerest may appeu, and each and e~ery such poiicy shaH h~ promprly ass.g~ed and deliverrd +o ` •rty heh! by :aid ARORTGAGEE as lur~her security ~o said mortgi9e debt, and, oot I~u than ~en (10) daYS in adwrxe of ~he expiration of each policy, to de- ~ IivN to said MORTGAGEE ~ r~eewal thercof, topt~hK wifh a receipt tw tM pr~mivm oi iuch renewalj and ~here thall b~ no fire or windsta~m insu.ance + pl~c~d on ~ny of said buitdinps, ~~y in~erest th~r~~n or part ther~of, unleu in ths fam and with ~FN Iws payaW~ aa a(weisid; and in ~M •v~M any sum of money becomes payabl~ under such policy a po~icies taid A.ORTGAGEE shall Mve ~hs op~~on to receive and ~pply the same on ectoum of tha indebted~ neu secured he~eby w W pamit said MORTGAGORS to receive and use it p any pa~t thertoF for other purpases, v.~tho~1 th.reb! waivu~g o~ n,~pair- ing any equity, l;en a right 4nder a by virtve of this morsQ~ge; ~nd in the evenf ~aid MORTGAGORS ihall Ea any reawn iail ro keep the s+id premisrs fo insured, o~ fail to delive~ promptly ~ny of said policies of insvra~te to uid MORTCsAGEE, or fail promptly lo pay fully ~ny premium therefor o? in any respecf (ail b pKiam, discMrge, execute, eifet4 complete, comply wilh end ~bide by this tovenanl, or any ps~t hereof, taid MORTGAGEE m~y place •nd ~ paY fw auch inw~anc~ w ~ny part ~he~eof w~~Fw~~ w~iving or ~fiecting any optiw?. lien, equ~ty. w rigM under w by v~rtw of this M«~gage. ~~d ~he full amouM of each and ~vtry such payment shall be immediately due and payabl~ and sha11 bea? interesJ f~om fhe di» thereof until paid a~ the rate ol n~ne pe? tentvm per ~nnum and together with suth inrcrest shall bs secured by the lien ol thif mOrt9~pe. 4. To permil, tortemit or sufte~ ro waste, Impairment or deteriwation of :aid properry or any part t}?ereof. S. To pay all and singular the cosh, charges ~nd expenses, including ~ reasonable attorney's fee and cosrs of abst~ects of titls, incurred w paid sl any time by aaid MORTGAGEE, because a in the svent of the failure o~ tha pait of ths said MORTGAGOR to duty, promptly ~nd futly periorm, d~uharqe, execute, effec~, complete, comply with and ab:de by each and every the stipulstions, sgreements, condi~io~s, ~nd mvenann of taid promissory note a~d ~hi~ mort~a~e any o? eithet. and sa~d cosrs, chuges and eapenses. e~ch and every. shall be immediatety due and payabfe: whethe. or not there be notice de mand. atrempf to mlktt a suit pendiny; and the tull amount of each snd avery such paymeM ~hall bea. interesl irom the date thereot until paid at the rate of nine per centum per annum; and all said tosts, charges and expe~ses inturred ot paid, together w~th such intereit, shall be setu~ed by the iien of thi~ matpaQe., - 6. That (e) in tM evenf of any breach of thii Mortgsge or defa~lt on the part of the MORTGAGOR, o~ (b) in ths evenf sny of taid sums of money herein refer~ed to be not prompHy and fully p~id within thirty (30) days rKZt after the same severally becane due and payable, without dcmand o? notice, or in the eveM each snd every tF.e stiputatioos, agreemcnts, condirions and corenams of w;d qomissory nme and th:a mortgage sny or either are no1 ~uly, promptly and fully perfwmed, d~xharged, executed, ef(ected, completed, complied wifA and abided hy, then in either o? any such event ths sa~d ag gregate wm mentiooed in said promissory note tFxn remaining unpaid, with imerest acuued, and all moneys setured he~eby, shatl betome dus and pay- ebte forthwith, o? therealtcv, at the opr:on of sa;d MORTGAGEE, as fully and comptetely as if aIl of the said sums of money were wgin~lly sr~pulated to be pe;d on such day, anythi~g in sa;d prom~uory no~e o~ in this Matgage to the contrary norwithstanding; and thereupon or Ihereaftcv al the option o( said MORTGAGEE, without notice or dema~d, suit at ?aw ar in eqvity, therefore d lhereafter begun, may be prosecuted as if all moneys secured hereby nad matwed pnor to its institution. 7. That in the event that at the beginning of or at any time p~oding any wit upo~ this Matgage, u to fweclose it, w to refwm it, o~ to Mforce paymen/ of any claims hereunder, said MORTGACaEf shall apply to ~he Court havir~g 'ryrisd~crion thereot fw the appointment of a Receiver, wch tourt shatl Fo~fhwith ippoint a receiver of said morrgaged property all and singular, includ~ng all and s~ngular the income, prof~ts, issues and revenues trom whatever :ource derived, each and every of whKh, it be~ng expressly understood, is hereby mor~gaged as if spec~ficalty sN fath and detcribed 'm the graming and habendum dauses M;reof, and such Reteirer shall have all the broed and effective funct~ons and powers in anywise entrusted by a Court to s Receiver, and such appointment shall be made by svch Gourt as an admitted equity and a rt»tte~ of absotute right to said MORTGAGEE, and witfiout reference to the adequaty w inadequaty of fhe value o( the p?operry mwtgaged w ro fhe solrenty o~ insolvency of sa~d MORiGAGOR or tF+e defendants, and that such renrs, profiK, income, issue~ and revenues ahaJ be applied by such Recerver accord~ng to the lien or equity of ssid MORTGAGEE and the p?actice of such Court. . S. To duly, promptly and fufty perform, d~sciwrge, execute, effect, complete, comply w~rh snd abide by each and every the stiputations, agreements, conditions and mvenants in sa~d promiuory note and this mo~tgage set fpth. . 9. That in the event ~he ownership of the mwtgagcd prtmises, or any part tF~ereof, becomes vested in s perton other thsn the MORTGAGOR, the MORTGAGEE, its succeuors a:~d ass~gns, msy, without notice to the MORTGAOR, deat with such successw w successor in interest w7th reie~ence to th;s rr.orrgaqe and the debt hereby secured in the same manner as w~th Mor!gagor without in a~y way vit;ating a diuharging the /dortgagors' liability hert u~der or upon the debt hereby secured. No sale of the Frem~xs hereby mortgaged and no fwbearance o~ the part of the MORTGAGEE w its sutcessors or auigns and no extension of rhe r~me for fhe payment of the debt hcreby secvred given by tbe MORTGAGEE o~ its s~ccessors or ass~gns, ahall operate ro releau, d~xharge, modify change or a(fed the original liability of the MORTGAGOR ixrein, either in whole w in part. 10. It is specifically agreed that time is of the essence of this contract snd that no waiver of any obligatfon hereu~er or of the obl'gaYwn so- cured t?ereby shalt at any time fhereafter be held to be a waive~ of the terms hereof or of the insr.urrxn~ secwed he,by. i!. tn add~tion to the forego:og monrhly payments of priat'pal and inrerest required by the promissory note secured hereby, mwtgagat covenants ar.~ ayrees to pay to mortgagee with eath monthiy payrnent an add~rional sum est~mated by mortgagre to be equal to i~12 of the annual cost of the follow- ~ ing: A-AI{ rea! property taaes tevied or assessed against the above dexribed real estate. - 8-P~emiums on fire and windstorm insurance as herein requ~red to be ca~ried on the improveme~ts situate on the above dascribed premises. C-Premiums on such mortgage guaranty ir.surar~ce as mortgagee shat) from time to time deem fit to carry on ?he loan secured hereby. Mortgagee shail from time to time notify mwtgagor in writing of the amount due and payable hereunder and sucR sum shalt lhereupon be due and Fayable on the due dare of ehe next monthly paymenl and each successive month thereafte? ur.til mortgagee shall notify mortgagor of a change in such amou~t. Such sums shall be applied by morrgagee toward the payment of rea~ property taxes, insurance prem:ums, and mortgage guaranty insurance premiums. IN WlTNESS ~LNERFOF, the said MORTGAGOR has hereunto ut his hand a~d seal the day and year' first foresa' . ' ned, Sealed and delive~ed ' the presence of: - ~ n ; Fr . uaae in .4 n _ Caroiy A. SuaAezlin ,~n ~ - ` STATE OF FIORIDA ~ f couNn oF S2. LIICIE ~ E! Befo~e me penonally appeared Fred l..• SIlQ~ZIlII e~ ; P ~t01~/11 A. ~@ZZ1Q his wiie, to me well krwwn and known to me to be f the i~dividwls described in and who executed tF?e foregoing instrument, and atkrqwledged before me that they executed tiie same for ihe purpose~ E therein expressed. And tFx said Casolyn A. $Uas@Zllil - ~ Fred L Sti~nerlin ' wife of the said • •"uPqn `!ep~rate aed private ( exam~nat~on by me taken separate and apaA from hcr said husband, acknowlcdged to and before me that she exetuted..a~d im7Tu~iitr tV~f/dql~y ~nd vohirr ~ ranly and w~thovt any compulaion, constraint, apprehension or fear of w from her said husband. ~ 4 WITNESS my hared and offieial seal t6is_ day of ALi USt v••~~/~?~y 19 7~ ~ - : c' - ~ 's Notary Publ7c in and fw f•$tfts of `F16rids at ~arpr' ; E My Commiuan expires3 b i 0,~ Return To; First federat Savings 6 Loan Auociat~on Na.ry ?u~iy S?.~~ L'~ J~ F+,.ur:,~~.;~,,.~,-, ` , Oi Fort P~erce. My Gm~iui~w Ex~q p~,:~ lqC~~.~ Fort Pierce. Flor;da bpn~d Vr ~~~n ' R.. a c.~wq,:G;• ~ = 2~833 ~ : FflEO Ak~ itz~~4DE0 ; This Instrument Prepared By Robezt A. Swisher, J=. ST.WCI[ "O;syTY FIA. t ' First Federal Savings 8~ loan Association RG.~ 'J~TAAS ; of Fort Pierce ~ Rlozida CtERK. ;,~:_~;~.T COUR ~ nr,r~~n yc:... i~~ 3 Checked By A~'r ~ 3 34 PH ~73 ~ . o~K217 854 _ _ - _ ~ . ~ ~ tiF.LL~ ~ - . _ _ _ _