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Home My WebLink About1678 3. To plac~ and continuously keep on Iha bui!d~ngs now w hereafter s~~uate on said land snd o~ ~II equ~pment and perfonaily covered by thit mat¢ p~, with all premiums thereon pa~d in full, (ire insur~nce in the usual star+dard po~icy fwm, in a sum approved by tht MOR(GAGEE, and wind~~wm Inturanc~ In the uiual ~t~ndard pol,cy fam, in •~um approved by th~ MORTGAGEE, ie iuch compsny o~ compan~es as tM MORTGAGEE may diredt ~nd all fir~ and windstorm iniu~ance policies on •ny of aid bvildir+pi. any interest therein w part thereo(, in tl+~ ay9rey+te s~m afpesaid o~ In ~xtess tl+ereof, iMll tontain the ~sual standard ma~qagee cl~~se w such otha d+u~ as ths Maty~gee may requ~r~, making the to~s unde+ ss~d poli~ c'as, each and evay, payable to iaid MORTGAGEE ~i i1s interest may ~ppear, end esch and every iuch policy ihsll be p~ompHY ass.gncd and dslivered ~o ~ny held by sa~d MORTGAGEE ~t furthe~ security ~o siid mortyage deb?, and, not leu tMn ten (10) dayi in advance of tM expi~at~on of each po1Ky, to dr live~ to uid MORTGAGEE a renewal thercof, ~ogaha wi~h • rece~pt fw tM prem~um of iuch re~ewal; and ~hero iMll b~ ~o fire w v~indstam insur~nc~ plated on ~ny of taid buildinys, ~ny interest fhe~ein w part thereof, unless in tM (wm •nd wi~h ~M lou payable as ~fo~~said; ~nd i~ the ~v~nl sny tum of mon~y becomes payable under such policy w po~iues said MORiGAGEE shall have ~he op~ion to receive snd apply ths wn+e on accou~~ oi tM indebted~ neis tecu?ed hereby w ro permit said MORTGAGORS lo ~cceive and use it w any part thereof fa other purposes, ~v~tMut ~h.~eo~ wai~i~ig or ~mpeir- inp any equiry, lien or right unde? w by virtue of this matgaga; and in the event taid MORiGAGORS shall fa any reason fail to keep the sa~d p?em7srs so ir?iu~ed, w fail to deliver promptly any of said policies of insur~nce to said MORTGAGEE, a Fait promptty fo pay fully •ny pre~n~um therefor or i~ a~y raspect fail b perfwm, disch~rge, execute, eftect, complete, comply with ~nd abide by thii covenpn~, or +ny par~ he~eof, said MORTGAGEE m~y pl+ce and paY (w such insurance or eny part tlxreof wi~hout waivinp or afFeainp ~ny optia+. lien, equity, or righ~ unde. a by virws of this Matyape, and the full amount of exh and ~vsry ~uch payment shsll be imnedistely dw and piyable and shall bear interes~ from the date thereof ~mil paid at tF» ra~e ol nine per centum pa an~um and together with such interest sfiall be secured by the lien of this mort~aye. 1. To permit, oommit w wffer no waste, impairment a deteraration of said propcrty or any put thereof. 5. To pay all and sinpular the coats, ch~rges and expenses, including a reasonable at~orney's fee and coets of abstracts of title, incurred o~ psid a~ sny time by uid MORTGAGEE, because w in the event of the iailure on tM part of the said MORTGAGOR to duly, promp~ly snd fvtly perfam, diuharge, e:ecute, etfect, complete, comply with and ab~ds by each and every tFa stipulations, agreements, conditions, and covenanrs of said promissory note and this mortgage any w e~~her, and sa;d cosn, charges ~nd eaper+sei, cach and every, shall be immediately due and payable; whether w not there be no~ice da mand, +ttempl to collect w wit pend~ng; and ti~e f~ll amount of each and every svch psymem ~hall bea~ interest from the dats thereof until paid ~t the rare of ~ine per centum per annum; and all said costs, charges and expenses inturred or paid, togeiher with such interesl, ~hall be tetured by the lien of thi~ morfyag~. 6. TMt (a) in the eve~t of any breach of fhis Mwtgsgt or default on the part of the MORTGAGOR, or (bI in the event +~Y of sa~d wms of rtwney herein referred to be not promptly and fulty psid within thirty (30) days nex~ afte~ 1he same severatly become dve and payable, without demand a notice. or in the event each and every ~he stipulatio~s, sgreemcnts, condiYwns and covenants oi si~d promissory note and th~s mortyage any a either are nol iuly, promptly and fully perfwmed, d~xharged, exccuted, effected, completed, complied wilh and abided by, then in e~ther or a~y svch eveM the uid ag gregate wm mentioned in said promisswy note then remaining unpeid, with interest aarued, and all moneys secured hereby, shall become dw a~d pay- able fathwith, or tiKrea(ter, at fhe option of said MORiGAGEE, as tully and comple~ely as ii all of the said sums of money we~e orginally stipufatcd ro be paid on such day, anything in said promiuory note or in this Matgage to the contrarjr notwiihstanding; and thereupon or thereafter at the option of said MORTGAGEE, without norice w demand, suit at law or in equity, therefore or thereafter begun, may be proxtuted as if all moneys tecured hereby had mawred pr~w ro in imtiwtion. 7. That in the event that at the begi~ning of or at any time pending any w~t upon this Mortgage, w to fweclose it, or to rcform it, w to enforce payment of eny claims Fxreunder, said MORTGAGEE shall apply to the Court hsving jurisdiction thereof fw the appointment of a Receiver, such Gourt shall focthwith sppoint a reteiver of said mwtgaged propeny all and sirgular, includ~ng all and singu~ar the income, prof~ts, issuea and reve~+ves from whatever wurce derived, eath and every of which, it being expressly understood, is hereby morlgaged ss if specifically set forth and desuibed i~ the gronting snd habendum clauses hereof, and such Receivtr shall have alt the broad snd effective furxt~ons and powera in anywise entrusted by a Covrt 10 + Reteiver, and such appointment shall be made by svch Court as an admitted equity and a mat?er of absotute rght to said MORTGAGEE, and without refere~ce to the adequsty w i~adequacy of the value of the p~operty mwtgaged or to the salverxy or insolvency of said iIAORiGAGOR a the defendanfs, and fhat such renu, profin, income, issves awd revenues shall be applied by such Receivcr accwding to the lien or equity of said MORTGAGEE and the practice of such Courf. • 8. To duly, promprty and fully perform, diuha~g'e, execute, effect, complete, comply with and abide by each and every the stipulations, agrcements, condiYans and covenants in sa~d promisswy note and this mortgage set forth. 9. That in the event the ownership of the mwtgaged premises, or any part thereof, becomes vested in a person other than the MORTGAGOR, the MORTGAGEE, its successors and assigns, may, withovt notice to the MORTGAOR, dea~ with such successor or successor in interest w~~h reference to this mortgage and the debt he?eby secured i~ the same manner as with Mortgagu without in any way vitiating w diuharging the MW~gagori liability here- undtr ot upon the debt hertby setured. No ssle of the ~remises hereby mortgaged and no forbearance on the pan of the MORTGAGEE a its successon or assigns and no extension of the time fw the payment of the debt hereby secured given by the MORTGAGEE or its successws or au~gns, shall operate Io release, d~scharge, modify thange or aifect the original liability of the MORTGAGOR herein, either in whole w in psrt. 10. It is specifically agreed that time is of the rssence of this contratt and that oo waiver of any obt~gation hereunder or of the obligation se- cured hereby shall at any time thereafter be held to be a waiver of tF~e terms hereof or of the instrument secured herby. 11. !n additio~ to the forego:rx~ month!y payments of princ'pa) and interest required by the p~omissory note secured hereby, mortgagor covenams and agrees to pay to rtsortgagee vvith each monthly payrnent an add~~ionai sum estimated by mortgagee to be equal to 1/ 12 of the annual cost of the follow- i~: A-All real property taxes levied or assessed against the above described real estate. B-Premiums on fire and windstorm insu~ance as herein requ~red to be carried on the improveme~ts s+tvate on the above desv~bed premises. C-Premiums on such mwtgage guaranty insurar,~e as mortgagee shafl irom t~me to time deem fit to carry on the ban secured hereby. j Mortgagee shall from time to time notify mortgagor in viriting of fhe amount due and payable hereunder and such sum shall thereupon be due and ! payable on the due date of tha ne:t monthly payrnenl and each successive month thereafter ur,tii mortgagee shall notify mortgagor of a change in such ~ amount_ Such sums sha:i be applied by mortgagee toward the payment of rea~ prope~ty taxes, insurance prem:ums, and mortgage guaranty insurance premiums. ~ IN WITNESS WHEREOF, the said MORTGAGOR has hereunto set his hand and sea{ the day and year first aforesaid. Signed, Sealed and delivered i~ the presc~ce of: aq ` BdNard M te son n al) th P terson a~ SiATE Of FLORIDA ~ ' SS_ couNn oF St . Luci e Befae me personally appeared ~WdYd 1H• Peterson ~ Janie Ruth Peterson h;, W;f~, to „x w~n k,~;;;~;,~ to ~ the individuals desuibed in and who executed the foregoing instrument, and atlcnowledged befwe me that they exec~l~p~~.~~ '~urPoses Janie Ruth Peterson ~••Q • • . = therein expressed. And the wid- _=~~~~J? wife of ~~d B.dward M. Peterson .~s1,. .~;Re~P:~,~~e examination by me taken xparate and apart Trom her said husband, stknowledged to and befwe me that she exeaite~s~i~I~s r fr~e}I ~•'-~61~~- rarily and without any compulsion, constraint, appre e r of w from_her said husband. I ~ WITNE55 my hand and official seal thi d~ of A uSt G~ bJ p~.73 ~r ~ _ Q:'~ ' ~c~ .i' 4 ~ Notary Public in and fw the 50at`/qf Flor• `•i+~~ ~ ~ My Commiuion expires: . . ~~~~••?r• ~ n ~ . Retum To: kOTaRY i•U&LlC, STATE ot f~UHIDA at L:.F',~ ~ Fint Federal Savings 3 loan Assotiation • ~'Y C.-" :•!';Sl;iti EY:'{cr$ JA,Y 7. " r; i Of Fort P~erce. . . . .~:r,r~!1 E'~t~:rS {'t,r:,~ , Fort Pierce, Florida ~ ` rKEO ~ho KEcqa Eo This Instrument Prepared By J. H. RobeYts ~ Jr . ~ 5T. LUC1E COUNTY ~LA. First Federal Savings & Loan Association ROCE= FOtTRAS ~ CLERK ~Utt COURT of Fort Pierce~ FloYida pECORO YER~~~EO~ Checked By~- ~ ~~1 ~ 3~1 !N1 ~ ~o~K217 PA~1670 26144'7 . - - - - ~ ~u~~