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Home My WebLink About0202 9. To placa and conunuously keep on the bui!d~ngs now w he:eaUer s~tuate on sa~d i~nd and on eli equipmznt and par~nally coYr~ed by ~his mong~ sg~, with •Il premiums thercon pa~d in full, fre inswance io the usual standard po!ity fctm, in a w~'+ +p~oved by fhe MORfGAGEE, •r.d windstorm insuaance In IF~s usu~l •randard poi~cy form, in ~ aum spprovcd by tM MORTGAGEE, in such company or compania as tht MORTGAGfE may direct; ~nd all (ire and w~ndstorm infuranc~ policies on any ol said buildinys, any intereil the~ei~ or psrt Iher~o/, in tFw ~ggregare sum afwesaid or in eacess thereof, shall conrai~ the usual standa+d ma~gages d~use or such o~hn clauss ~s ~he Mortgagee may requ~rs, makinp ths loss undr. sa~d po1~ cie~, each and every, payable ro said MORTGAGEE as ita intercft may appear, arxl eech and every such poticy shall be promp~ty ass yned a~d delivered ro sny held by uid MORiGAGEE sa furthe~ iecurity to said mor~gage debr, snd, not Isss than ten (10? day~ in advance of ths expiration of each poiicy, to de- IivN ro sa~d n:vw~u:+viL a~s~~we~ ::.c:,;,?, :c~.t!~er wi~h a rece~pt fw Ihe premwm of iuch renewal; and Ihere shaU be no firo or windito~m i~s~~s~ce placed on ~ny of said buildings, any in~ere~t therein or pa~1 the~cof, u~les~ in the fo~m snd with IFw ioss payabt~ as atwesaid; and in the event any sum of money becomei payable unde~ such policy or pofic;es said MORiGAGEE shall have ~hs opt~on to recaive and apply tM same on accovnt of ~he indab~ed- neu iecu.ed he~eby o? to permil seid MORTGAGORS ro receive and use it a any pan thereof for oshcr purposes, w~tho~? th~reu~ wa~~in~ o~ un~wir- iny any equity, lie~ a rigM under w by virtue of thii mo:!~a3e; ancf ~},e evem sald MORTGAGORS shall fw any rcvson tail to keep the ~aid prem~ars so insured, Or fail ro deliva promptly ~ny of said polities of insurance fo said h10RTGAGEE, w fail promptty to pay fully any pre~nium therefw or in any rosped fail to perlwm, d~scharge, exacute, eltect, complete, comply with and abid~ by this cove~an~, w s~y part he~eof, sa~d MORTGAGEF inay piace a~.d pay fw such insurance or ~ny part thereof without waiving w aflec~inp any op~ion, tien, equ~ty, or ~ighf under M by virtue of this Matgaye, and the full amount of each and every such paymem shall be immcdiately due and pay~ble and shall bear i~terest from the date thereof untit paid at the rata ot nine per cenWm per annum arsd to~ethrr wirh such inter@st shali be secwed by the lien of Ibis mortg~ge. 1. io pe~mif, tommFt p suHea no wasle, impairrt+ent w deterioration of said orooerlv or any wrt thereof. S. To psy all a~d sirgvta~ ths cwti, charges and expenaes, including a?easonable attwney's fee a~d costs of abst?ads of title, incurred or psid at any time by. u~d MORTGAGfE, because a in the event of the faiture on ~he pan of the said MORTGAGOR to duty, promptly snd fully perfwm, d~uhargs, execute, e/tect, compkte, compty w~eh and ab;de by each and every the atipulations, sgreements, conditions, and mvenants of iaid promizw~y rwte and this mortgage :r,; ~E:`.;,: :aed casn, charges and expenus, each and every, shall ba immed;ately due and payab~e; whe~her w not there be no~ice dr ~+and. attempt to ml{ect or suit pand~ng; arxl the full amount oi each end every such payme~t shall bea. inte~est from tF~e date thereof until paid at the rate of nine per centum per annum; and all said costs, charges and expe~ses incurred o~ paid, togetF?er w~th suth interest, ihall be :ecured by tAe I~en of th~~ mortgaga _ - 6. Th~1 in th~.~Ya~u of any bceach of this Nbrtpaye or defa~~t pn 1!~_ pa.t ,of nc~ MORTGAGpR, or (b) in fl~e evenl any of ss;d sums of money herein referred to be not rom tl and full - ' P P Y Y Pa~d within thirtY (30) days next after the same severally becort~ du~ anc] payayTe, without demand Oi ~iwtiCB, ` or (c) in the event eath and every the stiputatiorts, agreements, conditions and cove~ants of sa~d promisw~y note and th~s mwtgsge any a either •re no1 ~uly, promplly and fully performed, d~scha+ged, executed, eifectcd, completed, compl~ed with and abided 5y, ttKn in e~ther or any such event the taid ag gregafe sum mentioned in said promisso~y note then remaining unpaid, with intcrost actrued, and aIl mo~eys secured hcreby, shall become due and pay- a61e fwthwith, or thereafter, at the opiion of ~a~d htORTGAGEE, as iu!!y a^~± ~~~~•rely „ if all of the srid wma oi money were originalty stipuiated to be paid on suth day, anything in sa~d prumissay note or in this Mottgage to the contrary rwtwithstanding; artd thereupon a tl~ereafter at the option of said MORTGAGEE, wiihout notica or demand, su~t at law a in equity, therefae or tAereaf~er begun, may be prosecuted as if all moneys secured Aeroby had mawred pr~or ro ~es +nst~turion. 7. That in the event that at tlx begin~~ng of w at any time pendir+g any su~t upon this Mortgsge, w to faeclose it, or to ?eform it, or to enforce payment of any claims hereunrler, said MORTGAGEE shall apply to the Courl having jurisd~c~ian thereot fw the appointment of a Receiver, such Court sFwil /orrhwith appoint a receiver of said mortgaged pipperty ail and singula?, intlud~ng all and singular the incomt, prof~fs, issues and revenues from whatever source derived, each and every of wh~ch, i~ being eapressly unde~stood, is hereby mor~gaged as ~f speufically set fa~h and described in tF?e g~anring and habendum clauses hereof, and sucF+ Receiver shaU have ail the broad and efiective funct~ons and powe~s i~ anyw~:e envusled by, s Cou» to a Receiver, and s•_ch appointment ahaU be made by auch Co~~rt as an adrnitted equ~ty and a malter of absolute r~gh~ to sa~d MORiGAGEE, and without reference to ~he edequacy a inadequacy of the value of the property morrgaged or to the soivency w insolventy of said MORiGAGOR or the defe~dants, and that such re~rs, proFits, income, issues and ~evenues shall be applied by sucb Receive? accad~ng to ~he lie~ w equity of said MORTGAGEE and the prauice of such - - - - COUrt. - - - ~ . - - - . . - 8. To duly, prompfly and fully perform, d~scharge, execute, eifect, complete, comply wilh snd abide by each and every the stipu(a~ions, agreemmts, condifions and covenanrs in aaid promissory ~ote and this mwtgage set fwth_ 9. That in the event tbe ownership of Ihe mor)gagcd premises, or any part thereof, becpmes vested in a person other than the MORiGAGOR, !he A10RTGAGEE, its succeuora and assigns, may, without no~ice to the MORTG~OR, deal with such succeswr or successw in inte?est wiih reierence to this mortgsge snd the debt hereby secur~d in the same manner as with Illortgagw without in any way vitiating p discharging /he Mortgagors' liability h~re- under or upon the debt hereby secured. No sale of ~he premises he~eby mortgaged and no forbearance on the part of the MORTGAGEE or its successors or assigns and no exte~sion of the time for the payment of the debt hereby secured given by the HtORiGAGEE or its successors or auigns, shall operate ro rrlease, dixharge, modify change a afiect the original tiability of the MORTGAGOR herein, either in wMle or in part. 10. N is speufically agreed tha~ time is of the esu~te of this contract and that no waiver of any obligation hereunder or of the obligation sr cured Fxreby shall at any tirrK the~eafter be hetd to be a waiver of the terms hereof or of 1Fx i~strume~t securecl herby. 11. In add~t~on to the forego'ng monthly payments of princ pal and inrerest required by the prom~sw?y note secured hereby, mortgagor covenanfs and agrees to pay to mo:tgagee vv~th each mon+hly payrr,ent an add~rional sum estm~ated by nwrtgagee to be equal to 1/l2 oi the an~ual cost of the follow- i~ig: A-All real property taxes levied o~ assessed against the above described real estate. B-Prem~ums on fire and windstorm insurar,ce as herein requ;red to be carried on the improveme~ta sifvare on the above destribed premises. C-Prem;ums on such mongage guaranty insurance as mortgagee shall from rme to time deem fit to tarry on the (oan secur~ hereby. . Mortgagee sha{I from time to time notify mortgagor in writing of the am.ount due and payable he~eunder and such sum shall thereupon be due and F.ayable on the due aate of the next month;y payment and each successive month thereafter untit mortgagee shalt notify rtarfgagor of a char~ge in sucb ,~~novnt_ Such sums sF.all be applied by mortgagee toward the pa~rment of real property taaes, iosurante prem:ums, and mortgage gua~anty insurance p~emivms. IN WITNESS WHEREOf, tFe said N{ORTGAGOR has hereunto set his hand and seal the day a year first .~f esaid. Signed Ssaled a delivered in the presence of: , i sh Jos ph O. onte , a s ing Ie~an - ~ adul~~ aq - ~Seaq SiATE OF FLORIDA ~ • ST . LtJCIB COUNTY OF ' 8efore me penonally appeared J~EPH O. LABONTE, A single adult to me well know~ and known to me to be ~ rhe individual desuibed i~ and who executed the fwegoing instrument, and acknowkdged before me that he executed the same fw the purposes therein e:pressed. And-lho-s~iJ r+iFr ~f .11~r seid F s.uw,w?ww,? L~r. w~. aiaw.~p~r~t~ ~~wl-a'r~. irwn.l~er ~aid.iwiabawd,. ~olr»w "~'r°"`a"'MM`~~teL~`ewJ. ~iw~r~ 1r ?At~ ~Ob.IM~ 1~it i~MtKM~f~ i~ ~fM1M/Rf~M .~NwT- M1~ y1~Yfl' ~dM{~~M1d'~?AFf~IA~f~'~~1~{lIp~PC'Ofl61N11~1A~~}I~a~fe ~ld/T/~OP~TORf~!'?]01d~1~l~Il~~ WITNF~56 ~~~ie~f t seal thi 73 a .~i'iffi4~i dsy of_ AuAuSt A. D. 19 ` ~ i~ ~ iF ~ ~i~ , . `J ' - ~...~:.r~ ~i : = . ~ iR'y''•. ~ ?r~`~ Notary Public in and for t ate of florids ai larpe # • 1~' ~ = V~ ~ My Commisiwn expirts: ` " ~ Return To: ; ; y ~a • } FRst FSdK~~S('yings 8'r Lojrt,'~1&ociation Notory PubGc. S~~~e o~ F'.orido at LorN i ~"qOf Fort ~r$.~ ; My Gommission Expires Od. 30, )976 U~ %.~wt~ur~e~Hq~ld~~"~, Bonded by American ~r~ 6 CosuolfY Co~ ~ ~ ' ~ :~E' ; : '''~4''~rr~uT ?'~P~` . FILED ANU REC4ROE~ This Instrument Prepared By Robert A. Swisher~ Jr. ~ aT~~OCER~ ~ITRAS~~ First Federal Savings 8 Loan Association of Fort Pierce Florida CIERK C~RCUIT COURT ~ ~ RECOP.D VEP.'~!E~ Checked By ~ ' Auc 29 8 3s AH'Z3 ; 80RK~18 PACE z0`, 262538 ~ t . , . ~ . _ -