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Home My WebLink About0345 e 3. io pfa<e snd continuoun4y keep on ~he bui'dmgs r,ow or hereaf~er sirua~~ on sa~d land and on sli equip~nent and per~onal~y cove~cd by lhis morrg- ege, wi?h all premiumf thercon pa~d in full, G~e ins~rancr ~n It~e ~suat standard poGcy form, in a sum app~oved by ~he MORiGAGEE, erd w~~dsto~m ~~wr~oc~ in ~h~ usual ~tanda.d pof:cy torm, in e sum approved by the MORTGAGEF, in such canpa~y or compsnies as the MORiGAGEE may d~rect; ~nd ail fire and w~nJirorm in~urance potlucs on aay of ss~d buiid~ngs, any inte~est theroin o~ part thereof, in ~M ~gg~eya~e sum afaesa~d or excess ~hereof, shalt conta~n ~he usual standard mo~t9a8es ctauu a such otha ciause as ~he Mo+tgagee may requ.ro, makinp rhe loss unde? se~d pol~ c:e~, each snd every, payable ~o sa;d MJRIGAGEE as ib imerat may appear, and eacA ~nd every wch poiicy ihall be p~omptly ass gned and del~vered ~o any held by uid MORiGAGEE as fur~her security to said mongage deb1, and, not iess Ihan ten (10) days in advance of the expiret~on of each policy, to de- I~ver ro said MORTGAGfE a renewal thereof, rogeehe~ wirh a~KGipt fOi tlt~ prsmiym of such renewat; and ~he~e ~hall be no f~re o~ wi~~ds~o:,n in~„rance P~xed on any of said buildings, any i~terest therein w parl thereof, unteu in the form and wi~h the tos~ payable as aiaesaid; and in the evenl sny sum of money becomes payable under such policy w poficies said MORTGAGfE shall have tF~ option to recerve and apply the sanie on accounf of the indebted• ness aecwed hereby w ro permit ~aid MORTGAGORS ro receive and use it p any par~ fhe~eof lor ofher purposes, w~~hout ~h,rt~~ wai~h~~ or ~mpair- ~~g any epu~ry, i~en or r~gn~ urxir. w uy v~~~va v~ ~i~;; ...,,,:a;.y-_, ~nd :n !hc _v*n~ ta~d MORTGAGORS shall fw any reason fail to keep the sa~d prem~sas so insured, w fait to deliver promptly any of said pol:cies oi insvrance to sa~d MORTGAGEE, o? iail promptly ~o pay futly any prom;um therefw or in a~y respecl (ait to pe~fwm, discharge, execute, effect, tomplete, comply with and abide by this covenant, or any pa~t hereof, said MJRTGAGEE may place and pay fw such insurance ot any part thereof w~thout waiving or aifecting any opt~on, lien, equ~ry, or right unde~ o~ by virtue of this Morlgage, and the full ~rnount of each and every such payment shall be ~mmediatrly due.and paysble ~nd shall baar inferest from the dafe thereof until paid at the rate ot r,ine pe? tentum pe~ annum and togrther with such interest shall kx securcd by the lien of lhii mortgage. 1. To permit, commit w~uifer no waste, impairment o? deteriorat~on oi said property ot a~y part thereot. 5. To pay all snd singutar the costs, charges and expenxs, including a reasonab!e atraney i fee and costs of abstracts oE titls, incurred o~ paid at eny time by said MORTGAGfE, because w in the event of ihe failure on ~he part of the said MORTGAGOQ to duly, promp~ly and futly periorm, d~xharge, ~xecute, efFec?, complete, comply w~th and ab:de by each and every tFx stipu~a~iona, agreements, cond~tions, and covenants of said promissory note and thii mongage any or ei~he~, and u~d costs, cFw.ges and ezpenses, each and every, shall be immed;ately due and payable; whether a not the.e be notice de mand, anempt to coaiect or suit pend~n~; and the full amount of each end every auch payme~t sAall bear i~terest from the date thcreof until p~id at the r.~re of nine per centum per an~~u~n; a~x.' afl said costs, charges and expenus incurred or paid, togetAer w~th such interest, sFwll be aecured by the lien of thif mortgage, _ _ . _ - - _ _ . _ 6. ihst (s) in the evrM oS a~ry b+eacF~ of ~F~ia Mortgage w deFw{~ an ~?~e ps~1 of ths MORIGAGpR, or (63 in th~ ova~t any oi saEd wms of money herein refe~red to be not promptfy and futly paid within Ih;rty (30) days next after Ihe same severaily betonu due and payable, wi~hout demand or notice. or (c) in the event each and every the stipula~ions, agreements, conditions and covenants of sa:d promissory ~wte and th~s mortgage any a either are nol ~uly, promplly and fully perfwmed, d~scharged, eaecuted, effec~ed, compkted, complied with a~d ab~ded by. lhen in e:ther or any such event the safd a¢ gregare sum menr'roned 'en said pro~nisswy note_ then rema~ning unpeid, with interei~ accrued, and alt moneys secured hereby, shall become due and pay- ab;e forlhwith, or thereafter, at ~he option of said MORTGAGEE, as fully and completcly ~s i1 all of tF,e said sums of mo~ey were w~ginally st:pulated to be pa~d on such day, anything in sa:d pram~sswy note w in this Morrgage ~o rne connaiy notwithstanding; and thereupon w lhcreaher a~ the op~~on of sa~d MORTGAGEE, w~thout nonce o. demand, suit et law a in equity, ~herefwe or therealter bcyun, may be p:^cecuted as if all ~noneys secu~ed hereby ! hed maturCd pno~ to As institution. 7. That in the event that a~ the beginn~ng of or at any time pencl~ng any svY upon this Mo~tgage, o? to foreclose it, or to reium it, or to e~force # payment of any cla~ms hereunder, said MORTGAGfE shall epply to the Cour1 havi~g jur~sd;ciion the~eoi (or the appo~ntment of a iteceiver, such Co~rt shall ~ forthwith appoiN a receiver of said mortgaged property afl and singutar, including all and singular the income, pro6ts, iesues and revenues from whateve~ source der7ved, each and every of wh;ch, i~ be~ng expressly undentoocl, is hereby mwtgaged as if specifically set fwth and described in the granting and habendum ciavses hereof, and such Receiver shal~ hav~ all the broad and effective funct~ons and powe~s in anywise entruated by a Courl to a Receiver, end s:;ch appointment shafl be made by such Court as an admitted equity and a matter of absolute right to said MOR7GAGEE, and without reference ro the adeq~~cy or i~aoequacy of the value of the property mortgaged or to the so:vency o? insotvency of ia~d MORTGAGOR o~ Ihe defendants, and rhat such re~s:, profiss, income, issuea and revenuea shall be aAAt~ed by such Receiver accord,np fo t6e tim or eqvity of said MORiGAGEE and the_prac~ica_4f such + Court. ~ t 8. To dvly, promptly and fully pertorm, discharge, execute, effect, comptete, comply with and abide by each and every the stipulations, agreements, ~ conditions and covenants ;n sa~d promisswy no:e and this mortgage set forth. 9. That in 1he event the ownrrship of the mortgaged premises, or any part thereof, becomes vestcd in a perwn other than fhe MORTGAGOR, the ~ MOR7GAGEE, ifs successws and assigns, msy, without notice to the MORTGAOR, deal with such successor or successor in interest with reference to this n,ortgage and the de6t hereby sECUred in the same manner as with Mortgagw w~thout in any way vitiating w d~uharging the Nlortgagors' I:ability here- ~nder w upon the debt hereby secured. No sale of the Frem~ses he~eby mortgaged and no forbearance on the part of the IdOR7GAGEE or its sutcessors ar assigns and no ext~nsion of the time io? the payment of the debt hereby secured given by the ~AORTGAGEE or its successor: or ass~gns, shall operate ro relcase, d~scharge, modify charige or affect the original liab~lity of the MORTGAGpR herein, either in whole or in parl. 10. It is specificalty agreed that time is of the esunce of this contract and that no waive~ ot any obl;gation he~eunder or of the obligation sr cuved hereby shatl at any time rhereafter be held to be a waiver of the terms hereof or oi the instrument secured herby. 11. In add:tion to the forego ng mo~thty paymems of princ'pal and interest reqv~red by the prom~ssory note secvred hereby, mortgagor covenants jnd agrces to pay to mo:tgagee v~ith eacn monthfy paY~nent an add~~~onal sum esf:mated by mortgagee ro be equal ro 1% 12 of tt~ annual mst of the follow- 'ng: A-AN rea4 property taxes lev~ed w assessrd aga~~~st the above desc~7bcd real estate. B-Premfums on fire and windsto+rn ~nsurar,ce as here;n req~;red to be carried on the improvements s~tuafe on the abave described premises. C-P~emiums on wch mortg;ge guaranty ~nsurar~ce as mertgagee shatt irom t:me to tim.e deem fit ro carry on fhe loan secured hereby. Mortgagee shai! from time to t;me not;(y morigago~ ;n writing of the amount d~e and payable hereunder and such sum shall tiiereupon be due snd ~ ayable on the due da~e of ~he next month;y payment and each successive momh thereafter urtil mortgagee shall not~fy mortgagor of a change in such a- o~n?. Such s~ms shafl be applied by mortgag~e toward the payment of real property taxes, insurarrce prem:u:as, a,td morrgage guaranty insurance -emiums. - IN VJITNESS WHEREOF, the sa~d MORTGAGOR has hereunto set his hand and seal the da and ~ y year first aforesaid. - Signed, Sealed and delivered in the prex e of: V , ~ i 1-~ ? ^ ~~i W 1 a~ J. i rdan ~ ~a~~ ~ ` (Seaq . . (Seaq z9i J . ~ ozdal~ seap ti' STATE OF FLORIDA ~ cour~rr oF St . Lucie Before me personally appeared Wiljlam Riordan a~ - eOZfJ1a J Riordan his wife, to me wetl known and known fo me ro be rhe individvals descr;bed in and who executed the fwegoing" instrument, end acknowledged before me that they executed the sxr~e fw the purpOSes ' rh~rein expressed. And the said CaeO r la J, Riozdan , ~~fe of tFre wid Williau ,I. Riordan ••~~,;'a'3ep~ta~e~ind privat~ e~am~nation by me taken separate and apart from her said husband, atknow(edged to and before me that the executed said~ijrsEruy~ent fe~e~y_bed vduoo- 3 rar~ly and w,rhovt a~y compu:sion, constrainr, apprehans;on, fear of w from her said husband. • • - ~L',~ y • , : WITNE55 my hand and offiual seal th~s_ da of q. D. ty1~ . - j Notary P~blic in and fw the. S~eJe.o Flot.id~ at~tary~~ Retum To: My Com Nc`~!y ~~RY~~S~~•• bt ~i~Ado M:ip~~ Fint Federat Savings b loan Association ~.Y Co-...:::_".~~~ E~;-'r,t'sv[a 21 ~9Yt~~~~ Oi Fort Pe:te. bond~:1 6y wen:~icc.i f:r~ a w~G!1~~~'_'~, Fort Picr~e, Florida \ This Instrument Pre ared B S1 LU~IE C~UNTRfLA. ' P Y ~ohn W. Collins ~ First Federa! Savings 8 loan Associat~on R'vC= ~%~c'RAS _ of Fort Pierce Flor i~da CLER?. C."?CU~t COURt ~ PFC4a~'~Er'ffE7 Checked By =y~ ~ Qr~ t~ Al1G 3Q 9 42 ~'7~ BUOK~G~~ P~GE J~~ . ~2~~8 s ib ' _ - - - - - , - - . . : _ ~ -