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Home My WebLink About2173 s u i ~ ~ L. .3 ~ To place and continuously kcep o~ ~he bui'dtngs now a he~eaftar siruare on said land and on all equipmen/ and person~lly Covered by ihi~ ma~g~ with •II premiums thereon pa~d in full, fire ins~rance in tlx usual ~tandard policy form, i~ •~um app+oved by ~he MOR(GAGEE, and w+~dstam iosurancs in tM usu~l ~undard pol:cy form, in •~um approved by ~M MORiGAGEE, i~ tuch canpa~y or companies u Hw MORTGAG£f ~nay dirsc~; a~d a!1 fir~ and wind~torm insu?ance paGcie~ on sny of said build~ny~, any In~ero~~ therein or part thereof, in tM ~99rcpa~e ~um alorefaid or In sxceu the~eoi, shall contain the usual standard ma~gagee clause a ~uch o~ha clau~s ai ths Mortgagee may requ~r~, maMinp ths loss u++de+ ~a~d poli~ t~es, escl~ and every, payable to taid MORiGAGEE as ~ts i~trrest may appea~, a~d each and every such poticy sl,all be promptly ass gned and ds~ivrred to •ny held by ssid MORiGAGEE a~ turthe~ sec~rity to said ~nor~gage debt, and, nof les~ ~Mn ten (10) days in adrance of Me expir~t~on of esch pol~cy, to dr liw~ Io uid MORTGAGEE a reoewal thereof, toperF~ wi~h a rece~pt (a Ihe premium of such renewal; and there sAalt be ~o lirs or wind~tor+n inswancs pla~ on ~ny af si;d bvildinps, ~ny intere~t thereie? or pa~t thereof, unless in ~he io~m and wi~h ehe lou p~yable ~i afwesaid; and in ~he eve~1 any sum of money becpmes payaEle vnd~v such policy w pol~cies taid MORTGAGEE shall have tF?e opt~o~ to ~~~ve and ~pply the sa~ne on accoun~ of the indeb~ed- nest ~eture~l heteby W to pe+mif said MORTGAGORS to receive and u30 f1 p any parl thereol.for otnor purposes, v.:tho~t th_~ou/ wa~vi~ig Cr unpair- ing any equ~ty, lien or right under a by virrve of Ihis mo:tgage; +nd i~ Ihs even~ ~s~d MORTGAGORS shall (oi a~y Tbason fai) to keep ~he aaid p.emise~ so insurcd, or fail ro deiive? promptly ~ny of said polkies o( insur~oce to. tald MORiGAGEE, w fait promptly to pay fully any paemrum there}w w in a~y ?espect fsil b perFpm, discha~ge, execute, e~fed, complele, comply with a~d abide br this covenant, a any parf bereof, said MGRTGAGEE may plKe a~~d pay Fw •uch inw~ance or any part thereof without waiving p af(ecting any option, lien, eqvity, or rgh~ vnde~ o? by virtu~ ol Ihis Mortflaye, end the fvll amov~t oF aach and every such payment ~hal! be immcdiately dus and pay~bk and thall bear interesl irom ~hs date thereof until paid at tM ~ate of nioe per ccntum per annum and to~e~her wi~h wch interest shal{ tx secured by the lien qf Ihii mat9age. 1. To permit, tommit p suf(er no waste, impairment p deterioration of said property or any parl thereof. S. To pay all and iinguls~ the costs, charges and expenus, inctuding a reasonable ~ttwney't fee and costs of abstrscts of title, incurred or paFd af any time by said MORTGAGFE, l+ecause oi in the event ot the failwe on the part of the said MORTGAGOR to duly, promptly snd fully perform, d~scharge. execute, ef(M, complcte, comply with and ab:de by esch and every the stipulat'ans, agreements, conditions, and covenants of said promissory note ~nd ~hi~ mortgaya any w either, and said costs, charges and eapenses, each and eve~y, shall be immediarely dus and payebls; whe~he~ or not ?fiere be norice de mand, attempt to collect or suit pend~ng; and Ihe full amount of cath and evmy such payment ahall txar interest from the date thereof u~til paid ~t ~he rafe o~ nine per cCntum ~xr am~um; arKi all said costs, charges and expenxa incurred o? paid, ~ogether w~th such interesr, shall be secured by the lien of this mortgaQs. 6. That (a) in the evenf of any Iueach of thii Mortgsge or default on the part of the MORTGAGpR, o~ (b) in the event s~y of u~d sumi of money fie+ein referred to be not promptly and fully paid wiihin thirty (30) days ~ext aiter ~he same uvera~ly become dve and payable, without demand or notice, or (c) in the event each and every Jhe s>ipulaiions, agreements, conditions a~d covenants oi sa:d promiswry ~ote and 1h~s mortgage any a either are nol ~uly, promptly and futty periamed, d~xharged, executed, effected, completed, complied w;th and aE~ded 5y, then in e~ther or any such event the ta~d sg gregate sum mcnYaned in said promisso?y note the~ remain;ng unpaid, with +nterest acuued, and a~! moneys secured hereby, shall become due and psy- abfe iwthwith, or thereafter, at the opt~on of said MORiGAGEE, as futly and compicte~y as if atl of the said sums oi money were a~ginally atipulaied to be paid on such day, anything in sa:d promissay note w in ~his Mwtgage to 1he contrary notwithstanding; and fhereupon or thtreafte~ at rhe option of sa;d MORTGAGfE, w;thouf norice a demand, suit at law w io equity, there(ore ot thereafter begun, may be proxcuted as if all moneys secured hereby had matured pnw ~o irs institution. 7. That in the evcnt that at the beginning of or at any time pending any suit upon this Nbrtgage, o~ to fweclose it, or to reform it, or fo enfwte payment of sny clalms haeunder, said MORTGAGEE shall apply Ip the Court having ju~isd~ction thereof fo~ the appointmem of a Receiver, such Cour1 ahall Fo~thwith appoiM a rcce~ve? of said mortgaged property all and singula~, includ~ng atl and s~ngular ihe income, profits, iasues and revenves from whatever sou+ce derived, each and evcry of wh~ch, ~t being expressly unde~stood, is Aereby mortgaged as if speulica!!y set fwth and desu;bed in the graming and habendum clauses hcreof, and such Receive~ shall have all the broad and effecfive funct.ons and powe.s in anywise entrusted by a Court to a Receiver, and such appointmenf shal! br made by such ~ourt as an admitt¢d equity and a matter of absolute right to said MORTGAGEE, and without refere~ce to the adeq~aty a insdequacy of the vatue of the property mor~gaged or to tFx so~ve~+cy o? insoivency ol said MORiGAGOR a Ihe defe~dants, and that such rents, profits, income, iuues and revenucs shall bt applied by suth Receiver accord~ng to the lien o~ equity ot said MORTGAGEE snd the practice of such CouA. 8. To duty, promptly and fuily perform, d~scha~ge, execute, eifect, complere, comply wi?h and abide by each and every the stipulations, agreements, condiiions ~nd covenants in said promissory note and this mwtgage set fath. 9. That in the event the ownership of the morigaged premises, or any part thereof, becomes vested in a pe~son othef fhan ihe MORTGAGpR, the M,ORTGAGEE, its successws a~d ass~gns, may, wirhout norice to the MORTGAOR, deal with such successw w svccesso? in interest with ~eference to this mortgage and the debt hereby secured in the sama manner as with fAortgagor without in any ~vay vit~aling w d~xha~ging the Mwtgagors' liability herr under or upon the debt hcreby secured. No sale of the p~emius hereby mortgaged and no forbearance on the part o( ~he MpRTGAGEE w its successors or auigns and no exten:ion of fhe time ior the payment of the debf hereby secured given by the MORTGAGEE or its tuccessws or auigns, shall operate ~o release, d~xharge, modify change or affect the originat liabil~ty of the MORTGAGOR horein, either in whole or in part. 10. It is specifically agreed ~hat time is of the essence of this contracf and that no waiver of any obligation hereunder or of fhe obligetion sr cvred hareby sha!! at any time fhereafier be held fo be a waiver of the terma hereof or of the instrument secured F~rby_ , I1. In add;tion to the forego'ng mo~thly paymsnts of pri~c'pa1 and intrrest required by the promissory ~ore sec~red hereby, mortgagor covenants and agrees to ~ay to mortgagee vvith each monthly pay~nem an add~rional aum esf~mated by mortgagee to be equal ro i j 12 of the annual ~ost of the follow- ing: A-A!! real property taxes levied or assessed agaiost thc above described real estate. B-Premiumi o~ fire and windstorm insurarce as herein requ~~ed to be carried o~ the improveme~ts s~tuate on the above described premises. C-Premiums on such mwtgage g~aranty insurar~ce as mortgagee shall from t~me to ti~ne deem fit to carry on the loan secured hereby. Mwtgagee sfialf from fime to time notify mortgagor in writirxj o~ the amount due and payable he~eunder and such avm shall therevpon be due and ~:ayable on the due date of the next month:y payment and each successive month thereafter ur.til mortgagee shall notify mortgagor of a change in such a~,ount. $uch sums shall be applied by mortgagee toward the payment of real property taxes, insurance prem:ums, and mortgage guaranty insurance premiums_ IN Y~ITNE55 WHEREOf, the said MORTGAGOR has hereunto set his hand and seal the day and year first aforesaid. Si ned, $ealed an delivered in the presence of: ~ al} " Jaa~es C. Hester txan ~ i/~ ~Sea4 ~Seaq S7ATE OF fLORIDA ~ ST . LUC IE COUNTY pF ~f„~ ~no,,,iiY aP~a~~ _James C. Hester, a single adult ~ to me well krawn and knawa to me to be the individual desuibed in and who executed tMe foregoing insfrument, and acknowledged bofwe me that 1?e executed the sarr~ fd?, the purposes ! therein expressed- ,..~~u~j~ ' - ~t . ,s ~ ~ ~ fafs~~bsao~l ~ ~ ~4"a~'°~pf~!* ~ ~n~ea~yessldasa~p~aess~spstfsmahes~~~oaa~hei~eaaa~iss , ~ • i~itea ~~4~~~m.~~..,ka~~~.,~o~soasz,t~a~~ew~saw~oas.~ . ,r - ~ l 9 n~ .~'ih~,•'~ WITNESS my hand and official seal thi~ ~~h. day of Au 11st 7 ~';a'~~~. ~3 • : ; ~i: ~ ~ V ~ Notary Public in arid {Or St~ ~~+o~fdal ~~r~je My Commiuio~ expir~i: • Retum To: N0T0.KY PU'd~,~,~ii~17E,4f FI,QQIq~~~R72GE First Federal Savings b Loan Association MY CC'.:!.~1~QlO~i ~lF.~! 2~, 1975 Of Fort P~erce. EOIIdOd By AflO(K~t1 B2il;xdi~SY(3Ap COl~ Fort Pierce, Fbrida ~ ; 2~3'774 i fICEO ANO RECOROEO ~ ~ This Instrument Prepared 6yRobext A. Swi.she~c~ Jr. ST RGCE~ P ITRAS`~ ~ Fi~st Federai Savings & Loan Association CIERK Ct~CU1T COURT of Fort Pierce ~ Florida ~ ~E"~'P~ ~=p~F1£0 ~ Checked By ~ue I l 4 0~ PN '73 ~ - ' i ~ ; ' ~~'17 ~,Z,if~ , . ~ ~ - _ _ ~ ~ ~ ~~r.~~ ~ ~ ° ~ ~ ~ _ ~