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Home My WebLink About0210 3. To plac+ and continuously keep o~ the b~i:d~ngs now w he~eafrer ~~t~a~~ on sa~d tand and on aN equ;pmrnt and personnlly torered by this ma~g- a9e, wilh all premiutns thr~con pa d in f~ll, lire insurance in the utiual s~andard po~ity (orm, in s sum approved by tha MOR~GAGEE, and windstorm in~uronce in ths usual sranda~d poUcy (o~m, tn ~ ium approYed by fhe MORTGAGEE, in such company o~ compan~es as the MORTGAGEE miy dira~; ~nd atl tire and wlndsro~m insuronce polic~es or? s~y of sa;d build~ngi, any inte~etl iherein or part Ihrreo}, in Ihe aggrege~e sum atoresaid w In ~xcess Ihereof, thall cw+tai~ the uaual stanclard morlgagee clause or •uch othH ctauss as Iha Mortya9ee may req~~re, ma?in9 the loss u~der sa~d poli- cie~, each and every, payable to said A\OR(GAGEE as it~ iroe~ett may appesr, and each and eve+y such polity shdll be p~omptly ass gned and detive~ed ~o any luld by se~d MORTGAGFE as (urther tecurity to uid mot~gage debt, and, not less than ~en (10) days in advance oi the expirat~on of each pol.cy, to da liver to said MORTGAGEE a?cnewal the~eof, togethar with a receipt iw tAe ptemium of wch renewat; and there shall be no firs or windsto~m insuran.e p~xed o~ a~y of said building~, sny inte~est therein a psrt lhereof, unleu in the form and with the loss payable as a(oresaid; and in the cvenl any sum of mon~y becomei payable under suth policy w policies wid MORTGAGEE shall have ~he opl~o~ 1o receive and apply the same on acco~nl of the indabted- neu secured hereby or to permit sa~d h10RTGAGORS fp reteive and uss it or any part thrreot fo. oti~er pu~poses, v.~tho~t th~i.o~ wai~6~3 c. ~~,:p~ir- iny any equity, lie~ w right under a by virtue of this moc'gage; and in the even~ ia~d MORTGAGORS :hall fo~ any reaao~ fail to kerp ~he said prem~sas so ~~au~ed, w(ail to deliver promp~ly any of ~aid poticies of insurance to said MORTGAGEf, w fail promptty to pay fully any pre~rivm therefor nr in any respect fail ro pe~lorm, discharge, eaecule, effect, complete, comply with and abide by this cove~aM, or any part hrreof, said MORiGAGEE may piace ano pay fw such insurance or any part Ihereo( withoul waiving a affectiny any option, lien, equity, o~ right under or b~ virtue ot lhfs Mo~tgage, and the full smounl of each and every such payment shall be immediately due and payabte and shall berr Mte~est irom Iho data thereof u~til paid at the rate oi rtine per tentum pN i~num and 1ogrlFfa~ with such inte~est thali be secured by the lien of this matgage. 1. To permil, commit or suffer no wa~to, irnpairment a deteriaration of saed property w any part thereof. 5. To pay ~II and sinpuls~ the costs, cMrges a~d expenses, including a reatonable at~orney's fee snd costs of abstracts o( t~t~e, inc~rred or paid a~ any time by said MORTGAGEE, because w in thr evenf of the failure on the part of tl+e said MORTGAGOR to duly, promptly and fully perfoim, d~stharge, execvle, effecr, complete, camply w~~h and ab~de by each and every the stipulat~ona, agreements, co~d~tions, and covenants of sa~d promissory note and ~his mw~9sge +~y or e~rher, and sa~d costa, char9es and expensas, each and every, shall be immediately due and payable; v~heiher w not there be norice dr mand, attempt io coltect a tuit pe~xl~ng; and the f+.•~~ amovnt of each and every such payment shall bear in~ereat lrom the daie thereof unti~ paid at the rate of nine pe. centum per annum; and alt said costs, chargos and expe~xs incurred w paiJ, together w~th wch interest, shall be secured by the lien of thi~ mptyape, 6. That (s) in the eve~~ of any breach of this Mortgage or defavi~ o~ the part of the MORTGAGOR, w(b) in the event any of sa;d sums of money herein refer~ed ~o be nol promptly and fully paid within th~~ty (90) days next after the aame sererally become due and payabt~, without demsnd or notice, or in the event eath and every fhe stipuations, agreements, tondirions a»d covenanh of ssrd promisso~y ~wte-~,d th:s motigage any or eithe~ aro no1 ~uly, prpmptly and fuiiy pertorm~d, d~uharged, e,eecuted, eifected, completed, complied w7th and abided Sy, ~Fxn in either o~ any such event the sa~d ag~ gregate sum mentioned in said promisswy rwte then remaining unpaid, with interest accrued, and a11 moneys secured hereby, shall become due and pay- ai,~~ forthwith, w thereafter, at the option of said MORTGAGEE, as (ulty and completety aa if all of the said sums of money were o~~ginally st~pulated ~o be paid or? such day, a~ythi~g in sa:d promi:suy note or in this Matgage to the contrary notwi~hstanding; and thereupon a thereafter st rhe oprion of said MORTGAGEE, without not;ce o~ demand, su;t a1 law or in equity, therefwe ot thereafter begun, may be prosecuted as ii all moneys secured hereby had matured pnw to its institution. 7. ?hat in the event tha? at the beginning ot or at any time pending any suit upon thi~ Mortgage, w to foreclox it, or to reform it, or to enforce paymeot oi any ttaims hereunder, said MORTGAGEE shal! apply 10 !he Covit having ~urisd~uion thereof for the appointmeM of s Reteiver, such Cour1 shall forthwith appoint a receiver of said mortgaged property all and singular, includ~ng all and singular the income, profits, issues and revenues irom whateve~ source derived, etch and every of wh~ch, it being expressfy understood, is hereby mortgeged as if tpecificaNy ut fonh and described in the granting and habendum tla~ses hereof, and such Receiver ahall have all the broad and efiec~ive funct~ons a~d powers in anywise entrusted by a Court to a Receiver, and such appointment shall be mtde by such Couit as an admifted equity and a matter of abwlute right ?o said MO£TGAGEE, and withoul refereoce ro the adequacy or inadequacy of the val~e of the p~ope~ty mortgaged or to tbe savency or insotvency o1 said MORTGAGOR or the defendants, and ~hat such rents, profits, income, issues and revenues shaH be appiied by such Receiver accord~ng to tne lien w eq~ity of said MORiGAGEE and the pract~ce of such Courf. 8. io duly, promptly and fu0y perform, dlscharge, execute, effect, comp(ete, comply w;th and abtde by each and every the sfipu{etiona, ag.ee.nenta, conditions and covenanis ~n said promissory no!e and this mortgage set falh. 9. That in the event the ownersh:p ef the mortgaged premises, a any pa~t thereof, becomes vested in a person other than the MORTGAGOR, the MORTGAGfE, its auccessws and assigns, may, wi~hout nofice to the AiORTGAOR, dea! with such successa w successw in interesf with reference to thw mortgage and the debt hereby secured in the same manner as with Mortgagor without in any way vitiating or d~scharging the Mortgagors' liability FK?o- ~ under or upon tMe debt hereby secured. No sale of the premises hereby mortgaged and no forbearance on ~he part oi the /JIORTGAGEE or its sutcesson or assigns and no extension of the time ior Jhe paymenl of the debt hereby secured given by the MORTGAGEE or its successors or assigns, ahall operate ~o release, dixharge, modify change w affect the o~iginal liability of the MORTGAGOR herein, either in whole or in part. 10. It is spec~fically agreed that time is of the esse~ce of this contract and that no waiver oi any obl~gaiion hereunder a of the obligation sr cured hereby shsN at ~ny time thereafter be held to be a waiver of !he terms hereof a of the instrument secured herby. 11. In add~t;u~ to the forego ng mo~th!y paym~nts of princ pa~ and ir.ferest requi~ed by the promissory no!e sacured heraby, mortgag~r covenanis and agrees to pay to morrgagee with each momhly payment an add,iional sum es~:mated by mortgagee to be equal to 1,:12 of the annuat cost of the foiiow- ing: A-Afl rea~ property taxes lei~ed or auessed aga;~sf thc above desvibed real estate_ B-Premiums on fire ar.d windstcr~n insurar.ce as herein requ:red to be carried on the improvemeits sitvate on the above described premises. C-Premiums on such mortgege gvaranty irwrar,ce as mortgagee shaU frorr. t:me to hme deem fii to carry on the loan secured hereby_ /Nortgagee shail f~om ~ime to ti-ne norify mortgagor in writing of the amount due and payable hereunder and such sum aha!! fhereupon be due and i~yable on the due date of the next month!y paymerst and each successive mo~th ahereafter urtil mortgagee shall notify mortgagor oi a change in such a~-,ouM. Such sums sha'I be appGed by mor:gagee toward the payment of real property taxes, insvraoce prem:vms, and mortgage guaranty insurance p~emiums. ~ IN VJITNESS Y~HEREOF, the sa~d MORTGAGOR has hereunto set his hand and seal the day and first aforesaid. ~ igned. Sealed snd delivered in the presence of: - " / - Sean - . ~ R er La roix, single s?du~+~1 . r, - , , s j ~Seal) - ~ ~ i~ ~Seal) STATE OF FLORIDA St. L.ucie ! COUNTY OF ' Befwe me penonatly appeared R~@Y ~CYOiX~ a single adult ! hR'1iM~l~t me well k~own and known to me to be ,i the ind~vidua( desuibed in ar.d who executed the ioregoing instrument, ~d atknowledged before me that ~ executed the s~me fw the pvrposes ' rherein expressed. ~lwel~tlfl7~Id~ .?rii~v(~Ii~~Nd u~lllRll~~Id~~~~~~ rar~+ar:~n.4~r~.1~4w ~w~ w~d~+pen~FMRrlR* ~!!lRll~d~l!!~p!!"1e 7fR!"e!fllTlPYReE'f R~l1 Zl1~~~7lR~lllR~slil! 1NlfRfRtl~'R ~ Trld~y"SIIQ 1!l1CA- ~ery~wd~wwlww+wY~~a~p~Fsle~tet~tfe7n~ ~ ~~t+fl~f~lf'MlrAfaZl~,~fia WITNfSS my hand and official seal thi day of ~ wt a,o. ~973 i f~~~p pNG RECORDEO 4~ ~ • ST,{,UC1E COUMTY fLA- ~ Notary Public in a~d fo State ot f{orid~.e~''la~,~e Return To: gp,~ER ?01TRA5 My Commission expires~~~1.~(/ „"~,'~~~l~ , Fi~st Federal Savings E loan Associat;on CLER~ ~«~~~1 ~~uRt ,_~C~Au~~~~~ t 1 VFRlf1FO Nc~c. ~i Of Fo~! P:erce. FiECOR _ /~v Y F.. _r, ~ r c-'~ 1~/i~~ j ~ C ~ - ~~r:;:o - ~ ~ J~ i~ ' . Fort Pierce. F.orida Q ~u ~3 ~j ar~r.::s.on c•F~'as J~. ci.~sr ~-j . ~ ; . . . ~ 39 Ki:d gr ~ ?j~y ~S-' . ; Z9 t.,~ s ~ : > : 262 • - 54~ _ _ : a ~ This Instrument Prepared By J• H• Roberts~ J7c• ' 1q ; ~Lt~~'~~ ti= First Federal Savings & Loan Association ~r ~_e. Q ' ~ - • of Fort Pierce ~ FloZ3da ~i~~s.. . ~J~ Chetked By~ ~~~'~~~ej~~n~,,, 600K~0 PACE ~~,0 ; . . dz ~ , ; ~ - - - - - _ _ _ _ - - ~ ~ ~ _ . ~ ~ - - _ - _ = ~ ~ z.,. _ - - ~ ~~~s