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Home My WebLink About1538 3. To plact •nd cominuously keep on the bui:d~ngs now or he.eafter ~ituate on said land and on all cqu~pmcnt ~nd pasona~~Y covered by ~his mortg- ~g~, with all premiums the~eon pa~d in fvll, flre insu:ance in 1hs u~ual sunds~d policy form, in ~ ~um approved by ths MORfGAGEE, and winditam insuranc~ in th~ usual uanderd pol:cy fwm, in ~ sum approvtd by tM MORTGAGEE, in such company o~ companies a tM MORTGAGEE n+ay di~Klj and all tire and w~ndstorm insuroncs polK~es a? any of said buiki~nps, any inte.~a~ tM.oin o~ pa.t thuooi. in the a9yrc~~~~ ~um afaesa~d o~ In ~xcesi thereof, iMll cont~in tha usual standard mongage~ clsute a such othe~ c~auw u ~M Mortya9et may rcqvu~, makinp tlx loss unde~ u~d polF ci~s, e~ch and every, pavable ~o iaid MORTGAGEE as its imere~t may app~ar, ~~d each ar+d every tuch policy shatl bs p.omp+ly ~u.yncd and delivered ro ~ny held by s~id MORTGAGEE ~s (urther security to said mortyaye debt, and, not lest ~Mn t~n (101 daYS i~ adva+?cs of ~M expirauon ot cach pol~ty, to d~- liva ~o iaid MORTGAGEE a ~enewal therwf, ~opethM with a rece~pt fw tIN premium oi ~~ch renew~l: +nd there ihall b~ ~+o f;re a w~nd~~am insurance plsc~d on any of iaid buildinyt. any inte~e~1 therein w psrt tMreof, ~nless in tM form and wi~h ~M lou payabl~ as afa~iaid: and in the svtnt any ~um of nw~ey becomes payable unda such policy or policies said MORTGAGEE sMll hsw ths option to rece~ve and ~pply the i+~+e o~ +aarM o( 1he inclebted- ness secured hereby w to pamit said MORTGAGORS to receiw ~nd us~ U w any part thereoi for othe~ purposes, w~thout thr~eo~ waivi~.g o~ ~«lpd~~- i~ any equity, lia+ w ~ight under w by vtrtue of this mort9~ge; a~d in th~ event ~aid MORTGAGORS shall iw sny ~eawn fai) to keep the aid premiies so j insu~ed, w fail to delive~ promptly a~y of uid polKies of ins~rance to s~id MORTGAGEE, or (a~l promptly to pay fully any premivm therefa w in any respect fsil ro p~rfwm, dischuge, execute, effect, complete, comply with u+d ~bid~ by tha covenant, w+~y part hereof, said MORiGAGEE m~y place a~+d paY fot such insurance w any p~rt thereof without w+ivinp ot ~ffectinp any option. lien, eqvity, w right u~e~ o~ by virtw of this Mort~a9e. ~nd 1ht ~ full amo~nt of each u+d ewry svch payment shall be irrvnediately dw and pay~ble and shall besr iMerest from tM dat~ thereof until paid a~ tM rate ot ni~e pet centum pet a~num and togethe~ with suth interesl shall be secured by Ihe lien oi thia ;nortyape. 4. To permit, comrnit o~ suffer ~ waste, impairment w dete~iwation af said property w any p~r1 ~hereof. S. To pay etl and singular ths costs, cMrges and expenses, including a re~so~sbla attorney i fe~ and costs of abstrocts of title, inc~rred w psid st any tFme by said MORTGAGEE, because a i~ the event of the failure on th~ part of the said MORTGAGOR 1o duly, promptly and fully periam, difchargR execute, effect, complets. comply with and ~b:de by esch and every the stipula~ions. ~greemenri, co~ditiwu. ~nd cove~+nts of said promissory note and fhis mwtyage any or eithe~. ~nd wid cosb. chargea ~nd eapenses. each and every. sMll be immediately dus a~d payable: whether w r+ot there b~ notice de~ mand, attempt to co11M qr suit pending; u~d Ihe futl amount of esch and eve~y wch payment sMll bea. intmest irom ~he da~e tlxreof until paid N the rate of nine pe~ ce~wm per annum; and all said costs, charges and e:penses incurred o~ paid, logether with suth interest, iAall be setured by tM lien of this mortyaps. 6. Thst (s) in the event of any brcach of this Mortgage a defau!t on tM part of the MORTGAGOR, a(b) in the event any of s~~d awns of money herei~ refe?red to bs not promptly and futly paid within thirty (30) deys neat after tiu same severally becane due and payabk, withou~ demand w no~~ce. or (c) in tha eveM each and eve?y the stipulations, agreements, condit'ans and coven+~ts of sa~d promissory note and thw mortgage any w either are nol iuly, pro~riptly and tully pe.formed, d~icharged, exec~red, effected, compteted, complied with and ab~ded ~iy, tl+en in ei~her or sny such event tFa ia~d +g gregate wm mentioned in said promiuwy note then remaining ~npaid, wifh iNmest acuued, and all mo~eys setured hereby, shall become dw ~~d pay- a61e forthwith, w thereafter, •t tlx option of said MORTGAGEE, as fully ~nd comptctety u if all of ~he wid wms of money were aiginally stiputated to be paid on such day, anything in said promissory note or in this Mwtgage to the comrary notwilhstandiny; and therevpon o? thereafter at the optiw~ of seid MORiGAGEE, wifhout notice or demand, wit et law a in equiy, therefo~e w_ Ihereafier begv~, m~y be prosecvted ss if all ma~eys secured hereby had matured pnw to its institution. ' ' • 7. That in the event that at the beginning of w af any time pending any suit upon this N1or~gagti'a tb fweclo~b•it; o'r b reform N, a fo enforc~ paymeM of any claims herounder, ssid MORTGAGEE shali apply to the Court h~ving jurisdiction thcreol ia tltr appo~Mrt~ent of ~ Retlivp, such Coutt shall Forthwith appoint a receiver o( said m«tgayed propcrty all and sirgular, includ~ng aIl and singvlar tht intome; prOfi»,'hsues and nvenuas from whatever source derived, each ~nd every of whrch, it being expressly understood, is hereby mortgagcd as if specifically set fwth and described in the 9ranting +nd habendum cla~rses hereof, and such Receiver shall have all tIK broad and effective funcnwn and powers in anywise entrusted by a Court to a Receiver, and such sppoiNment shall be made by such Court as an admitted equity and a matter of absolute rigl?t to said MORTGAGEE, snd without refererxe to the adequscy w inadequacy oi the value of the properry mo.~gaged or to the sonrency or insolvency oi said MORiGAGOR a the defendams, and that such renta, profits, income, iuves and revenves shall be applied by such Receiver accordmg to Ihe lien or eq~ity of said NiORTGAGEE and the practice of such Court. 8. To duly, promptly and fully perfwm, discharge, execute; effect, complete, comply with and abide by each and every the stipulations, a8reemenis, conditiorss and covensn~s in said p~omiuory note and this mortgsge set fwth. 9. Th~t i~ tF~e event the ownenhip of the mortgaged premFses, or any part thereof, becomes vested in a penon other fhan the MORTGAGOR, the ~ MORTGAGEE, in successo~s and augns, may, without notice to the MORTGAOR, dral with such successw a successor in interest wiih reference to this mortgage and the debt hereby secured in the same manner ss with Mo~tgagor without in any way vitiating or diuharging the Mortgagors' liability here- s ~nder w upon the debt hereby secured. No sale of the premises hereby mortgaged and no forlxarar?ce on the part of the MORTGAGEE w its suttesson or a:signs and no eatension oi the time iw the paymem of the debt hereby secured given by the MORTGAGEE or its successors w usigns, shall operate ro release, distharge, modify chan9e or affect the original liabil~ty of the MORTGAGOR herein, either in whole a in put. 10. It i~ specifically agreed that time is of the easence of this contract and tF+at ra wsiver of any oblgat~on hereunder a of the obligation se- cured hereby shall at any time thereatte? be held to be s waiver of the terms hereof w of ihe instrument secured herby. ~ 11. In add~tion to the faego:ng monthiy payments of princ"pal and interest required by the p?om~ssory nole secured hereby, mortgsgor covenants and agrees to pay to mortgagee with each monthly payrnent an add~~ional sum estimated by mortgagee to be equal to 1~'12 of the annual cost of the fotlow- ~ ing: ' A-All real property tnxes (evied or assessed against the above dex.ibed real estate_ B-Premiums on fire and windstorm insurance as here~n requ~red to be carried on the improvements siwate on the above described premises. I C-Premivms on such mort~age guaranty insurence as mortgagee shall from Gme to time deem fit to carry on the ban secured hereby. i Mortgagee shall irom time to time notify mortgagor in w?iti~ of the amount due and payable hereundar and such wm zhall thereupon be due snd E payable on the due date of the next monthty payment and each svccessive monfh thereafter ur,til mortgagee shall notify mortgagor of a-change in such ~ ameu~t. Such sums shal~ be applied by mortgagee towa.d the payment of real property taxes, insurarxe prem:ums, and mwtgage guaranfy inwrance f p~emiums. , i IN WITNESS WHEREOf, the said MORTGAGOR has hereunto xt his hand and seal the day a year fir sf id. ; ~ Si9ned. Sealed a deliv in the presente of: ' E ~ ~ ~ s j ~ ' G. Sheehan ,n ~ : a~ ~ Trr~ne N_ Sheehan ~~,q ! 's t STATE OF FLORIDA ~ ~ ~ cour~nr oF St. Lucie Befwe me penonally appeared John G. Sheehan and f Irene N. Sheehan h;, w;r~, to me well known and known to me to be ~ ; rhe individ~als desuibed in and who executed tF~e fwegoing instrument, and atknowkdged befae me that they executed the same for the p~+rposes theroin expressed. And the said Irene N Sheehan ~ - w~re of rtK wid JD~L C= Sheehan ~,Pon , sepa.a~e ,na P.~~~f. examination by me taken separate and apart from her sa~adcrawledged ro a fwe me fhat she executed said instrummt fresly arid rolun- tarity and without sny compulsan, constraint, apprehens' or/fe~ f w from Ixr fs' nd. . WITNESS my hand and official seal thi S`"~ day of / ~ ~ C~ _ ~ Notary Public in and for the Stste ot'~Lb~fd+ aj'largs• . ~ My Commisian expires: Retum To: ~ ` " , - ~ First Federal Savings d. loao Association _v S'•''F ~S Fi~f?4t7A~t LAN(iE, • Of Fort P~erce. ~ f+:i + t`~ i~::3 t~.!'1. 7' 1977~ ~ 6~~ . ;ars ~9s:rat~r._.C~** • • ~ Fort Pierce, florida ~ % . - •i . q~~ This Instrument Prepared By Gary F. El lWOOd ~ LUCIE ~O~I~~I / ~ 1 ~ First Federal Savings & Loan Association *OCER ?plTitA= (1 of Fort Pierce , FlOtidB RECORD VERR IED ~ Checked By Ara I~ 9 ao AN'~3 aooK217 P~~1530 ~ - sib . ; ~ . , _ _ - r<~ _ . ~ ~ : . d J 1 2"~. 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