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Home My WebLink About1010 3: To place and conNnua,sly keep on ihe tw~'d~ngs now o~ heroaftei ?~tua~e on sa~d Iand and on ati equ~p~nent and person~lly covered by th~s mortg- ~g~, with ~II pr~mium~ thereon pa~d in 1ull, tire insurence in Ihe uwal standurd pafity form, in • sum approved by 1he MORiGAGEE, a~'~d w~nd~twm iniwancs in the usual ftandard po!!ty form, in • we~ approved by iha MOATGAGEE, in iuch company Or tompanies sf the titiORiGAGEE may d~red; and all fire and w~ndstorm irtsurance poliuas on any of sa~d build~n9s, any Interest ~fie~ein or part thcreoi, in the aggregs~e sum ~foreiaid or in excess thereoi, thall comain the usual standard matgagee ctause or iuch o~her clause ai tM Mortyagee may requ.rs. making the los~ under sa~d polr cies, each and eve~y, payable to said MORTGAGEE as its in~rrrst may appear, and each a~d every ~uch policy ~ha11 be p~omprty ass gned and delivered ~o eny held by sa~d MOR(GAGEE as lurther security to said mortgage debt, and, no~ ~eu than ~en (101 days in advance of the expi~at~on of each policy, ~o d~- liv~~ to uid MORTGAGEE a renewal thereof, toge~her with a rete~pt fw Ihe prtmium of tuch rtnewal; and ~here shall be no firs or windsto~~n insurance plxed on eny o1 said buitdings. ~ny interesl therei~ o~ part thereof, unless in tM form and with tM loas payable as s(aesaid; end in the event any sum of money becomes payable ~r~der such poticy a po~icies uid MORTGAGEE shall have Ihe option to receive and apply the fame on accovnt of the indebted ness secured hereby or ~o permit sa~d MORiGAGORS ~o receive and uae it a any part thereof ior o:her pur~,oses, v.~~hcut th:~eo~ wa~~~n3 or ~~~~p.~~~- irg any equ~ty, lien or rlghf unde~ or by virtue of this mor:gage; and in ~he event taid MORTGAGORS shall fa any ~eason iail to keep the said p~emis~~ so in~urcd, o~ lail fo deliver promptly any oi said policies of i~suraMe to said MORiGAGEE, w Fail promptly to pay tull~ any pre~n~um theretor w irt any respect (sil to pe~(wm, d~scharge, execute, effect, comp~e~e, comply wi~h and abide by lhis covenant, a any part hereof, said MORTGAGiE may plsce and pay fa such insurance or any part ~he~eof w~thout waiving w~t(ecting any option, lien, equ~ty, o? r~ght under w by virtue of this Mo~tgage, and the f~ll amount af each and every such payment shall be immediately due and payable and shall bear interes~ from tha date thereoi ~n~il paid st the ra~e ol n;ne per centum per ann~m and together with fuch interes? sha11 be secured by tne uen of tnu morrgage. 1. To permit, commit or suffer no waste, impairment w deterio~atio~ of said property or a~y psrt thereof. S. To pay all and singular the costs, chargc~ and expenses, including a reasonable attwney i fee and costs of abstrads of ti~le, incurred w psid at any time by said MORTGAGEE, because w in the event of the failure on the part of Ihe said MORTGAGOR to duly, promptly a~d f~lly perfwm, d~xharge, °xecute, e(fed, comp?ete, canply w~th and ab:de by each and evcry the stipulatlons, agreements, conditions. and covenants of said p~omisso~y nole and thi~ mortga~~ ar?y or ~i~her, and sa~d cosn, charges and expenses, esch and every, shall be immedia~ety due and payable; whether w not ~here be no~ice dr mand, encmpt ~o co7lec~ w wit pend:n9; and IM full amoun! ef each and every such paymero shall bea. in~eres~ from 1he date thereot unril peid at the rate of nine pet centum per annu~r, and all said cos?s, tharges and expenses incurred a paid, ~ogethet w~th such iNeresl, fhall be setured by the li~n of tha morlgsgO. 6. That (a) in the evenf of any breach oi this Mortgsge or defaul~ on tF,e part oi the MORTGAGOR, a(b) in the event •ny of said sums of money herein referred to be not promptly and fully paid within th~rty (30) days nexf after 1he ~ame severally become due end payable, wirhout demand o~ notice, or (c) in the event each and every the st~pulations, agreements, cond~fions and covenants of :a~d p~om~isory note and th~s mortgage any w either are not ~uly, prompfly and fu11y performrd, d~scharged, executed, effected, completed, complied w~th and ab~ded by, ~hen in e~ther or any such eve~t the sa~d ag gregate sum mentioned in said promissory note then remaining unpaid, with interest accrued, and all moneys setured htreby, shall betome due and pa~ able forthwith, or thereafter, at the option of said MORTGAGEE, as fully and completely as if all of the uid sums of money were ai9inally s~~pula~ed to be pa~d on such day, a~ything in sa:d protnissory note w in this Mor~gage to the contrary no~w~ths~anding; and thereupon or thereafter a~ the opt~on of said MORTGAGEE, without notice or demand, suit at law or in equity, therefo~e or therea(ter begun, may be prosecuted as if all moneys secured hereby had maWred pf~Of 10 ~ts institution. 7. Tnat in the event thal el ~iK br,yinn~~~g of ar .at any f~ra ~z.-.3::.-y a:~y ;u:T up~z this Ma.•!gs3e, c.• M fe~et!oee i?, or to ?efMm it, or to enforce paymenf of any claims he~eunder, said MORTGAGEE shall apply to ~he Court having jurisdictio~ :hereol for the appointment of a Receiver, such Court shal{ forthwith appoint a rece~ver of said mwtgaged property alt and singular, inctud~ng ail and s~nguta~ the income, prof~ts, issues and.revenues from whatever sovrce derived, each and every of wh~ch, it being expresaly understood, is he~eby mortgaged as if speuiicalty set forth and described in the g~anting ar+d habendO~rrttavserhereofi~ -snd-iveh- f•_~nc~~^^~ a=~ onwen in anywisg enttusted bv a Court to a Receiver, and s~ch appointment shal{ be made by such Court as an admitted equity and a matter of absolute right to said MORTGAGEE, and without ?e~erence to t e adequaty or inadequacy of the value of the prope~ty mortgaged w to the sorvency o? insolvency of sa~d MORiGAGOR or the defendants, and that such renrs, profits, income, ~ssues and revenues shall be applied by such Receiver according to the lien or equity of said MORTGAGEE and the practice o! such CouA. 8. To duly, prompt:y and fully perform, d~scharge, execute, eiFect, complete, comp~y w~lh and abide by each and every the stipulations, agreements, conditions and covenants in sa~d promissory note and this mortgage set forth. 9. That in the event the ownership of the mortgaged premises, or any part thereof, becomes vested in a person other than the MORTGAGOR, the h•,ORTGAGEE, its successws and assigns, may, without no~ice to the MORTGAOR, deal with such successor or successor in inlerest with reference to thia mortgage and the debt Aereby secured in the same manner as w~th lAortgago. without in any way vitiating or d~uha~ging tbe Idortgagors' iiability here- under w upon the debt hereby secured. No sale of the Fremises hereby mortgaged and no forbearance on the part of the MORiGAGEE o~ its successors or assigns and no extension of the time for rhe paymeni of the debt hereby secvred given by the MORTGAGEE or ifs tuccessors or ass~gns, ahall operate ~o release, discharge, mod~fy change or affect the original ~iab~l~ty of the MORIGAGOR herein, either in whole or in part. 10. It is speufically ag.eed thaf time is of the csse~+ce of this contrad and that no waiver of any obl~garion horeunder or of the obligatien se- c~red hereby shali at any time thereafter be he:d to be a waiver of the tenns hereof or of the instrument secured he~by. 11. In add,tio~ to the fwego:~g monthly paym~nls of p~inc pal and interest reqvired by 1he prom~awry note se:~red hereby, mortgagor covenanTs and agrees to pay to mo-tgagee with each moRthly payr:em an add~rional sum esnneeted by mortgagee to be equal to i;'12 of the annuai cost of the follow- ~n~: A-All ~eal property taaes levied or assessed agai~st the above desvi5ed rea~ estate. ~I B-Premiu-m on fire and windstwm ~nw~ance as nere~n ~egu:red to oe carried on the improveme~ts s~tuate on the above described premises. ! C-Premiums on such mortgage guaranty insura~.ce as mor?gagee shall from t~me to time deem fit to carry on the loan secured hereby_ c ' Morfgagee sha?I frcm time to time not~fy mortyagor in wr~t~ng of the an:ount d~e and payable hereundtr and such sum shal~ thereupon be due and E ; 3/able on the due uate of the next monthly payment and each successive month thereafter ur.til mortgagee shatl notify mortgagw of a cnange in such ~ a~~:ount. S~ch sums shail be appiied by mortgagee toward the payment oF real property taxes, insura~ce {xem;ums, and mortgage guaranty insurance ~ przmiums. ~ fN Y~ITPIES~ WHERFOF, the sa~d MORTGAGOR has hereunto set his hand and seal rhe day and year first aforeuid. ~ Si , Sealed a d del"Iered in the presence of: ~ ~.h2s~'~ G~.~'~ l r~aq ~ . fidward Sc affe cs~an ~ ~ - , Q~G~t/~ ' (Seaq ~ _ Martha Schaffer ~~ap ~ SiA?E OF fLORIDA + couNnr oF St . Lucie ~ u- fidward Schaffer ~ Before me perwnally appeared a^d Martha Sehaffer his wife, to me well known and known to me to be i rhe individuals desv~bed in and who executed the foregoing instrument, and acknowledged befwe me that they executed the same !or the purposes ~herein expressed. And the said Martha haffer , war a er ' ~ r;;fe of the said upon~ y~~sss ~f~,w,ste # ~ examinat~on~ by me taicer ieparate and epart~from fie?"ssid~husba~d, atiuwwtedged fo and before me that she executed seid aMtnur~b~y.f~ ly.~r,o~s'Y-__ ~ ~an!y and w~thout any compulsion, constraint, apprehens:on, or fear of or from her said husband. ' ~ ~a 29th Au st ~ ' ~A•,~- '•~.?3 WITNESS my hand and officual seal this day of ~ , , : ~ a ~ ~ _a = • ;cY Notary Public in a for thj Stafe of-Ftorids a~ ~.4 ; My Commission expires: , ' ~ ~ : . Return To: e~ - ~ , ..a First Federal Savings b Loan Assoc]ation . ~F`~-- ~ Of io~t P.erce. Fort P:erce. Fbrida . cT• f~- ~,•-t- ° ~ • 2a. i!: ~ ~ j ~ - . ~ - = - . , .3.i'~. . ~ . . ~ ~R:~ ~ This Instrument Prepared By ~ichard K. Kayes FILEO AN~ ~ECORDEO First Federal Savings & Loan Association ST. LUCtE 80UNTY FLA. ~ of Fort Pierce~ FlOridd ROCE~ Pa~TRAS ~ ~~30~~ ~ CtERK Ct=:Cl1tT COURT ~ Chetked By~- PECOP~, ~=?~+~IED \j ~ R S~ 6 112s PM'73 6DOK ~1,5 FACE1009 ~ - - ~ - - - - ~ ~ ~ ~ ~ ` _ ~ . ' ~ _ ~ ~ -