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Home My WebLink About1018 3. To plece and con~inuously kcep on ihe b~i!J~ngs now or heresiter iilvate on sa~d land and oe+ alt equ~pment and pe~sonatly covered by ihis mor~g- egs, wilh all prem~umi thereon pa:d in (~il, t~re inwrance ~n the usuat atandard policy iam, in a sum approved by fhe INORrGAGFf, and w~ndstorm +~surance in the usw! uandard pol:cy form, in a aum approved by the MORTGAGEE, in such company or compan~e~ as the h10RiGAGiE msy direcl; ~nd all fiie and w~ndsiorm i~surance pol~cies on any of sa~d bulld~ngs, ~~y ioter~~t Iherein or parl thereoi, in ~he aggrega~e sum ato~esaid or in e~ccesf theroof, ihall comain ~hs usuei s~anda~d mongagee clau:8 or wch other dauss u IM Mortgaqes may requ~ro, maAing ~he lo~s under sa~d poli- cies, each and every, payable to said MORTGAGEE ~s ~~s interest mey appear, and esch and every ~uch poiicy sha~l be promptly ais gned a~d detiverrd to any held by sa~d MORTGAGEE ~s funher iewrity to said mortgage debt, and, no~ leu ~han ten (10) deys in advance of the exp'ua~;on of each pol~cy, to d~- liv~~ !o said MORTGAGEE a renewal thereof, to9ether with a ~eceipt for Ihe premium of such renewal; and thrre shall be no f~~e or windstor~n insursnte Ptaced on any of sa~d build~ngs, any interest therein or pa~~ rhereof, unle:s in th~ /orm and wi~h the loss payable as aforesaid; and in the evant any sum of money becomes payable unde~ such polity or pol;cie~ said MORTGAGEE sha11 have ~he opt~on to recJive and apply the same on atcount oi the indebted• neu secured hareby o~ to permit said MORTGAGOR$ fo reteive and use it a any par~ thereof for o:nor purF~oses, w~~hout ih,nu~ wa~~~n9 or nupair• ing a~y cqu~ty, li~n p r~ght under w by virlve of lhis mor!gage; snd in the event sa~d MORTGAGORS shaN fa sny reason lail to )cecp the said premisas so insured, pr fail to deliv~~ promptly ~ny of said polKies ol insurance to said MORTGAGEE, o~ fa~l promptly to pay fully any premium therefor a in a~y resped lail to pM(wm, d~scharge, execwe, effecl, complete, comply with and abide by thls cove~anl, or any par~ hereo/, said MGRTGAGEE may p~ace and pay for such ins~rance o~ any psre the~eof wi~hout wi;ving o~ affecting any option, lien, equ~ty, or right unde~ a by v~r~ue o( this Mo~fgage, and the full amo~nt ol each a~d every such payment snsii oe irtuneti~etaiy eive erKi ~yoi,~e s~:s +::a+E b::sr ir;~:._, t~_ ua•; •~ee~^i ••~.e~ ~.~>:.i a> >h~ rate ot nine pe+ centum per annum and iogethe~ wirh such intereat shafi tx secured by the lien of th~~ mortqaga t. To pe~mit, commif w s~f(er no waste, impairment q deferioration of uid property p sny part thereof. 5. Io psy all and singutar fhe costs, char9es and expenses, including a ressonable at~wney's fee and cos~s of absfracts of title, incurred w pa~d at any time by uid MORTGAGfE, because or in the eve~t of the failu~e on the parl of the :aid MORTGAGpR to duly, promptly and futly pertwm, d~uharge, execute, effed, compte~e, comply with and ab~de by each ar~d every Ihe stipularwns, sgreemenri, conditiory, arul covenanes oi said p~omissory note and thi~ mortgage any or e~t!~er, and sa~d costs, charges and expenses, esch and every, shall be immediately due and payebte; wherher or not there be ~ot;ce dr mand, attcmpt to toNett w-suit pending; and the full amount of each snd e~ery svch paymeM shall bea~ interett from ~he datt ~Fu~eof until paid at the r.~re oI nine per centum per annum; and all said cos~s, zhaiges and e:pensea incurred or paid, together w~th such interest, shall be secured by the lien of th~s mortgage. 6. 71?~t (al io the eveN of any breach of this Monyage.o? default on the part of the MORTGAGOR, or (b) in the event sny of said svmf of money herein rele?rad to be not prompfly and fully paid w1?hin thirty {3p) days nexf afier the same ieveialty become due and payab~e, witAout demand or norice, or (c) in the er-ent each and every the stipulations, agreements, conditions and covenants of sa~d promissa~y note and th~s mortgage a~y or either are nol ~uly, promptly and iulty performed, d~xAarged, executed, effecrrd, complered, complied w~tb and abided 9y, then in either w any such event the said ag gregate sum mentioned in said promisswy note then remaining unpaid, with interest accrued, and all money~ setured hereby, shall betome due and pay- abte 4o~thwith, or thereafter, at the opt~on of said MORTGAGEE, as fully and cumptetety as ii aH of rhe said sums of money were a,ginsily sl+pvlated ro be paid on svch day, anything in sa.d prom~:swy note or in this kbrtgage to the tontrary notwithsta~ding; and therevpon or thereafter at the opt~on of said MORTGAGEE, without not~ce or demand, suit at law or in equity, therefwe or lhereafter begun, may be pro~acuted as if all moneys secured hereby had matvred pnor to ~ts instisution. 7. That in the event that at thr beginning of or at any time pending any suit upon rhis Mortgage, a to fo~eclose it, or lo refwm it, or to enfo.ce payment of a~y ciaims he~eunder, said MORTGAGEE shall apply to the Court havi~;g jurisd:ct~on theceof for the appo~nlr.~ent of a Receive~, such Cour~ shait forth.vith appoint a receive? o( said mortgaged property alJ and sing~lar, ;n~lud,ny a!! and s;ngular ~he'income, p~of~ts, issues and reven~es from whatever sevrce drri~ed, each and every of wh:ch, it be~ng expressly unders~ood, is hereby mo.rgaged as ii speuf~cally set fo~~h and desuibed in the granting snd habendum clauses hereof, and s~ch Receiver shall have all the broad and effedive funtt~ons and powers in anyw~se entrusted by a Court to a Receiver, and s:ch appointmenf shall be made by such Cowt as •n admitted equity a~d a matter of absoiute right to said MORTGAGEE,'and Mrithout reference to the adequacy or inadequacy o~ ~he value of the property mortgaged or to the so.vency cr insolvency o( said MORTGAGpR o~ the defendants, a~d that such rent}`profits, income, issues and revenues shall be applied by such Receiver acco~du~g to ~he lien ot equity of said MORTGAGEE and tht practice of such CouA. - - 8. To duly, promptly and fully perform, d~scha.ge, exzcute, efiect, complete, comply wi~h snd abide by each and every the stipulations, ag~eements, conditiona and covenams fn sad promissory note and this martgage set forrh. 9. That in the ever.t the ownership of the mortgaged paemises, o? any parf thereof, becomes vested in a person other than ihe MORTGAGOR, the A'ORTGAGEE, its successo~s and assigns, may, without notice to the MORTGApR, deal with svch successw or successor ~n interest with reference to this n,ortgage and the debt hereby secured in t6e same manner as with Mo~tgagor without in any way vitiating a d~scharge~g tfx Mortgago~s' liabiiity hertr under or upon the debt hereby secured. No sale of the Fremises hereby mortgaged ar.d no forbcarance on the part of the MORTGAGEE a its s~ccessws or assis~s and no extension of the time for the paymenl of Ihe debt hereby secured given by the MORTGAGEE or its successus or assigns, shall operate t0 reiease, d~unarge. RIOOiiy C~ar~~ w aiieci ii~e c~3iy:s>oi ~~uu~,~;~ a~. .:`s2 ::..~.,°.Tv::~~~ !:~.•C:^. ::!~°f :n wl.nfa ~v in nar~. 10. It is spec~fitally agreed that time is of the ensewce of this co~trad and that no waiver of any obligat~on hereunder w of the oblgation sr cured hereby shall at any time thereafur be held fo be a waiver of the terms hereof or of the instrumeM secured herby. 11. In add:tio~ to the.forego~g monfh!y payments of princ'pal and interest required by the prom~ssory no!e secured hereby, mortgagor covenanfs and agrces ro pay ~o mor~gagee wifh each monrhiy pa~rr;ent an add~~ional sum est.~~ated by mortgagee ~o be equal to 1 r 12 of the annua{ cost of the follow- tng: ' A-All real property ta,ces levied or assessed agai~st thc above desaibed real estafe_ B-P~~m~ums on fire and windsto~m insurarce as here~n r~q~;red to be carried on the ~mprovements sitvate ort the abeve destribed premises. C-Premrums on s~ch mortgage guaranty ins~rar.ce as mo~tgagee shall from t~me to time deem fit to carry on the loan secured hereby, Mortgagee shall from t~me ro ume notify mortgagor ~n writ~Rg oi the amouro due and payable hereunder and such surn shall thereupon be due and ~ayable on the c?ve oa+r of the ~~et monshE~ paymer.t and each auccessive month thereaf~er ur.til martgagee shall notify morrgagor of a change in such a~*:ount. Such sums sFa;! be app;icd by mo~tgayee toward the payment of real property tazes, insurance prem:ums, a~id mortgage guaranty i~surance p~emiums. IN WIiNESS WHEREOF, the sa~d MORTGAGOR has hereunto set his hand and seal the day and year first aforesaid. Signed, Sealed ar.d delivered in the presence of: ~ - - ~Sean Darrelt L.. Peters ~an ~,1~.['~s1-R~ ~ Q :i ~ rSea4 - Sandra E. PeteYS ~~a~ S;A7E O~ ~,r~j^,~„~ ~ , COUNTY Of _ ~,Q/~NT ~ ~ Darrell L, Peters Before me perwnalty appeared SandTa E. Pet zs his wife, to me well known and • ~r~ ~ to bs ; the individuals described in and who executed the foregoing instrument, and acknowledged before me that they executed the sdrg~or-.tl~ ~s i therein expressed. And the said Sandra E~ Peters ~~r ~a • 'i w~re or t?x ,~~d DarreZl L. Peters ' - ~ 3~t.paca~ ac~d~priv,s~ ~ exami~ation by me taken separa~e and apart fiom her sa;d busband, acknowledged to and befcre me that ahe executed sai~ vwnlnt; rari{y and withwt any compulsion, constraint, appreF~enaion, or fear oF w fram her said husband. •v~~ - q .V . _ WITNES$ my hand and oFficial seal this ~~p,~t / day of AL1Ql1St . . ~~r_ ; - - - Notary Public in and for the State of ~t Lar9e " My Comm~ssion expires: tw..w Return To: /.Z - SI~ 73 First Federal $avings 3 loan Associat~on - O~ fort P~erce. fort Pierce, Florida fl`EO A~~ ~~CO~~~O sttuci~ covnrtr F~~. R~G~F i'~•f~~g CLEr! C1?CUI~ COURT L,. This lnstrument Prepared By J. H. Roberts~ Jr. ~ pfE~?' ~E~clftf.0.~': ; First Federal Savings & Loan Association , , of Fort P+erce~ Florida ~P 6 Il 26 PM ~73 ~ ~.~p ~ 263045 ~ Checked By ' ~oQ~2i8 ~~~E~Oi7 - - _ f~ _ . . - _ ~