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Home My WebLink About2367 3. To plac~ and continuously keep on fha bui!d~ngs now w heresher ~~~uate on s+~d land and on a!1 eQuip.*~ent and pasa+ally co+rc?ed by this ~wtg aps, with ell premiumi thercon pa~d in fulf, firo insu+ance ~n the usw~ standud policy fam, in + sw+? +pPrcred by rhe RWRIv.>GEE, and w~nds~Qrm inswance I~ IM uswl N+~d+rd pol~cy fam. In a sum app~oved by the MORTGAGEE, in wch comp+nY w cc'^P+^'es +i ~M MO~TGAGEE ~++1I d'uoctj ~nd sll fire +nd wir?Ji~orm inwro~c~ polic~es on any of ~aid bu~1d~~+ps. +~y ~te~~a1 tF+a~in w p+?f fhe~eof, in t1n +~9~e9a~e wT afwesaid or In ~xceu ~hereoi. sMll contain the uival itond+rd morigaqa~ clause a such otha clau~ u th~ Mwt9age~ may ~eq~u~. m+k~np the ioss u~der s+~d PdF cies, each ~nd every, payablt ro s~id MORTGAGEE aa iu in~erest may appear, ~nd each and every such policy sh+~~ be WomPt=Y +u a ~ny Mld by ss~d MORTGAGEE ss (ur~her sccurity ro tia~d mwtgags dabt, a~d.,nat ku ~Mn Nn (1~ days in sdvance oi th~ eYpir+tion of ~ach po~~cY. ro dr liwr to said MORTGAGEE • renewal tMrwf. Io~e~her with a recsipt for ~he premiwn of wch r~ncwal; u~d thn~ sh+if b~ ro f.~~ a w[+ds+«m insuranc~ pl~ced on ~ny of said buildinps. •ny interest therein w p+rt thereof. untes~ in tFr fwm .nd w~~h ih. bss Wr.b~. +s afassaad: +od in the eve^t any w~n of naney becomes p+yable undcr such polity a policies ssid MORTGAGEE shall have rhe op~~o~ w ~ece~~e a~d apply tFr same on xcw?m o( ~he indeb~ed' neu secured ha~eby ot to permil said MORTGAGORS to receive and us~ it w se+y parl thereof fw oti~cr purposes, w:~fwut ~ha•~o~ waiwi:?~ o~ ~*~p+~~- irg a~y eq~~ty. liee~ or ~iyh1 under w by virtue of tlw mort9a~e: and ie the ~ven1 ia~d AAORTCsAGORS sh+ll tw any ~casw~ fai! to keep ~he ia~d pan~ses so t~au.ed. a fsil to detive~ pranptly any of said policiss of insuranc~ to sa~d MORTGAGEE, w f~il prompNy w pay fully an~ pem+v~n th~.efw w in aM respect fail to perfwm, dixharge, execv~e, e(fatt, tompleta, comply with and ~bidt by Mus oova~+nt, or u~y pa~t hereof. s++d MORiGAGEE may p~+ca +^d paY fot iuch ir?surance o~ ~ny pa~t thercof wilhout waivinp u ~ffectinp ~ny opfion. ~i~e. equ+tY. a tqht ~"de~ p bf? r'~"~ °f t~ ~t9qe. ud ths full ~mount oi each and ewry svch paymeM sh~ll be immediatsly dw u~d psyabk ~nd thatl be~r iroeres~ fran tin dat~ thereof until pa~d at tM ratt ot nin~ psr centum pe~ annum and logethe? wilh suth interest shall be secured by tM, lisn of this morf9apa 1. To permit, commit or sutter no wasle, impairment w deterio?at~on of said prope~y or +~y pu1 thereof- 5. To pay all snd sinpulu the costs, charges and expenses, includinp • rcasonabk attor*~cy i fee snd oosb of absuscts of ti~k, incur¦ed o~ pa~d +t any time by said MORiGAGEE, becauss a in the event of the failure on the pa?1 of ~ht said MOitTGAGOR w duh?. P~a+~P~h +^d ~+~~Y R~a^~ d'~'~• execute, effM, complete, comp~y with and ab:de by each and every tha stipulations, agreement~, conditions, u+d oove*unts of s+d P~o~issay ^o~e +"d ~h'~ mortgaps ~ny o? eithe~, and said costs, chuges and expenses, e~ch and ~very, sl»II be &tinediatelq dw snd Wyable: whe~he+ w nw there b~ ewt:cR d~ mar+d. ~nemp~ to coUect or ~uit pend~n9: and the full anaunt of each and every svch p~Yme^t sha11 bear intcrest iroen the d+te tF~ereof unN p~id a~ the rate of nine per centum per an~~um; and all aaid costs, charges and ex{xnses incurred a p+id, topetlx~ w~th such imeresL sh+~1 be secured bY ~he b~*' of ~1w mortyage., . . 6. That (a) in tM event of any breach of thii Matgage w defa~tt on the psrt oi the MORTGAGOR, or tb) in the event anY of +a.d s~+'"s of .noney herein refcrred to be not prompUy and f~lly paid within thirty (30) days neat after the s+~+e severalty become due ud payable, w~thouf de~++~d w notKC. or in the event each and every the stipulations, agreemenrs, cond~tans and covenants of sa~d promiuory note a~d th:s mortgaQe a~y w e~ther ue not ~uly. promPtly and fully performed, d~scharged, eaecuted, effected, compkted. complied w7th and abided Sy. N~en in e+tfir or s~+y wch eve*~t tht sad ag gregate wm nxntioned in said promissory note then remaining unpaid, with iMerest atvued, and all moneys setured he~ebY. sh~U bocn'ne due and WY' able fathwith, or thereafte~, at the option of said MORTGAGEE, as fully and compktely as ii sll of the said wms of nwney were org~na~ly s~+puia~cd to be paid on such day, anyfhing in sa~d promissory note or in this Mwtgage to the contr~ry notwifhs~snding; and thcreupon a thereafte~ at the ep~wn af said MORTGAGEE, without nor~ce or demand, suit at law w in equity, tFkre(we w thcreafte? begun, may be presecuted as if aU nwneys secured herebY had matwed.pnot to its institution. 7. That in the event that at the beginning of or at any time pcnd~ng any w7t ~pon this Mwtgage, or to faectose it, or ~o reform it, w to enfaoe payment of any daima hereunder, said MORTGAGEE shall apply to the Court having jw~sdKdon thereof fw the appantn+e~t of s Receiver, sixh Cour~ shai! fo~thwith appoint a receive~ of said mortgaged property all and sing~lar, includ•ng all and singvlu the income, pro(~n. ~swes +~+d reverwes from whateve~ source derived, each and every of wh~ch, it being expressly understood, is hereby mortgaged as if sp~c~fically set forth a~d descr~bed ir? ~he 0?+~~i~9 +~+d habendum clavses hereof, and :uch Receiver shall have slt the b.oad and eifea~ve funct~ons and poweas w+ ai+Yw~se entrusted by a Cowt to ~ Rece'wer. and a~ch appointment shall be made by sucfi Court as an admitted eqvify and a ma~~er of absdute ripi~t to said MORTGAGfE, snd witF+out reference to the sdequacy a inadequacy o( the value ol the p.operty mo.tgaged or to the sonency a~r?solve~cy of said AIWRTGAGOR a the defendants, and rhat such ren~s, profin, incane, issues and reveriues shall be applied by such Receiver according to the lie~ a equity of said MORTGAGEE ane! the practice of such Court. 8. To dufy, promptly and fully perform, discharge, execute, effect, complete, comply with and abide by ~ach and erery the sY~Putations, agreemenK, conditions and covenams in sa~d promissory rrote and this mortgage set fath. 9. That in the event the ownership of the'mortgaged premises, or any paA thereof, bec~oi*~es vested in a penoss athe? thsn the MORiG/?GOR, the MORTGAGEE, its successws and ass~gns, may, without notice to tM~e MORTGAOR, dea~ with such uxceasw or wccessor in inte+es~ wirh reie~ence to this mwtgage and the debl hereby secured in the same rt+anner as with Mo~tgaga withovt i~ sny way vitiatirg or dixhar9ing the Mort9agori lisbility herr under w upon the debt hereby secured. No sale of the premises fiereby mortgaged and no lorbeara^oe e^ ~he P+ti MORiGAGEE w m wotesso~s or ass3gns and no extens~on of the time for the payment of the debt hereby secured given by the N10RTGAGEE a iu wccessas or ass~gns. .M~~ operate ~o release, d~xharge, modify change or afFcct the orig~nal liab~l~ty of the MORTGAGOR hereul, either in whok w in part- 10. It is spec~fically agreed that time is of the esunce of this contract a~d thst no wsirer of u~y obi'g+tion herew+der or of Ihe obligation sr cured hereby shall at any time thereafter be hefd to be a waiver of the terms hereof or of the inslrwr~ent secwed herby I1. In add~tion to the forego:rx~ monthly payments of print'pal and inte~est rcquired by the prom+sswy rw~e secwed hereby, mortgsgot covenar.h and agrees to pay to mortgagee with each monthly payment an add~rional sum est~mated by mortgsgee fo be equal to 1/ 12 of the annva! cost of tfie toilow- ing: ' A-All real property taxes leiied or assessed agaisst the above descri~d real estate. I~ B-Premiums on fire and windstorm inwrar.ce as herein requ~red to be carried on the improvemeals situate o~ the above dssc.ibed 'premises_ ! C-Premiums on wch mortgage guaranty insura..ce as mo~tgagee shall from t:me to time deem fit to carry on the loan secwed hereby. y Mwtgagee shall fiom time to t~me notify mo+tgagor in writing of the amount due and payable herevnder snd such wm shaii thereupon be d~re and i ;,ayaWe on the due date of the next monthly payment and each successive month thereshe? untit mortgspee shaN notify morl~agor of a c}~ange in wch ¢ amount. Such sums shalt be applied by mortgagee roward the paymeM of real propcrty taxes, inswance prem.wns, u~d rtwrt9age guarMry ~^swsnce = premiums• ° IN WITNE55 WHEREOF, the said MORTGAG08 has hereunto set his hand and seal the day first sfaesa~d_ ~ Signed, Sealed and delivered in the presence of: ~ ` ~ ~n ~ (5e+~ . ts.~n $TATE OF FLORIDA 1 ' St. Lucie ~ u- COUNTY OF ~ ee+a~ ~ perswially appeared Lavrrenee W. Ridings, a single adult ~ ~eea~c ,4 ~e wet~ k~w~m u+a krww~, m me m be the individual deuribed in and who exetuted the fwegoing instrumtnt, ard atknowledged befwe ine thit tle exet~ed the same for the purposes therein expressed. ~ ~pC~~ l~DO~ et~6lQD~C ~t~lOi ~°m°xxawmo~c~c~c°°x gu ' 73 ~ WITNESS my hsnd and offiGal seal this ~~~day of Au St A p- 19 ~ ~ ' Notary Public in an~"fer State of Florida af Larps ~ v My Commissioe e~cpires: ' i~•~l`,11tltt[li(rk~: Retum To: • ~l ~ .S ~ 4/, ` ~ )4'l~ I/ ' first Federal Savings a Loao Association 'v~ y~ !r~ ~i~ ~ Of Fort P~erce. 2619~ P~~~!(_. 51~7( M F! "i~?A!F'~i~'i~= i Fort Pierce, Florida , . ~ ^ • . f . ~ M `f ~ ' f.,'~' ;r i.: .~..c... N;..C 1.~ • j ~ ~ Q - • w ~ : ~ ~ i.l ~ O •J ~ • Z . . , u ~1 ; G : z: d This Instrument Prepared By RiChard K. K~? 0R0~ ~ % b~'- Q`=~ First Federal Savings 8~ Loan Association S~~j~jE COUM~ r"'~ i ~ '~•,~,J of Fort Pierce~ Floiida? aOCER P01TIlAf 'i~,~~~~Ta~;~y~~~` ~pqRV P~CED~ Checked By REC p~c ZI 10 24 ~M'T3 Qoac~7 ~2~~ _ ~ _ _ ~ ~ ~ - - ~ ~ ~ . _ _ __w~~ M~~