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Home My WebLink About1197 ~ 3. To place and coroinuously keep on 1he bui!dings now on c~~caite? siluate on said tand and oo a~l eqvip~nent and pe~eonally covered by this mw~g- sgs, wilh all premiums rhe~eon pa~d ~n fuU, fire insurance in the usual's~andard policy form, in a aum approved by the M~JRiGAGEE, and windstorm insur~nc~ in ihs usual ~~andard pol~cy for~n, i~ a ~u~n approved by the MORiGAGEE, in such tompsny or companiei aa ihe MORTGAGEE may direclj •nd ali (ire and w~ndstorm inw~ante policiea on any oi ~a;d bu;ld~nps, any interest therein or part thereof, in the aggrega~e wm afo?esaid w in eaces~ Ihereof, sMtl c~tain the u~ual standa~d mat9a9ee ct~use or such othe~ clause as the Matyagee may requ~rs, makinq tha loss undrr sa~d poli- ues, each and every, payabie to said MORTGAGEE as ~ts intr~est may ~ppear, and ea<h and every such poticy shal! tx prompNy ass gned and de~iverrd to +ny held by sa~d MORTGAGEE aa funher security ~o sa~d mo~tgage debt, and, not less thsn ten (10) days in advance of ~he ezp~rai~on of each pot~cy, to da Gve~ to said MORTGAGEE a renewal thereof, toge~her witA a rece~pf fw Ihe p?emium ol iuch ~enewal; and tha~e shail be no f~re or windsto~m insurance plxed an sny of said bvildings, any intereit therein a par~ ?hrreqf, unless in ~he form and with the bu payable as aioresaid; and ~n the eve~t any aum of money becom~~ payab!e under such policy w policies said MORiGAGEE ahall have the opt:on to ~eceive and apply the same on ac:oun~ oi the indebtrd- ; ness secured her~by a 1o permil sa~d MORiGAGORS to receive and use it w any pa~f thereof toa orne~ pu.~oses, tiv~~ho.,t ~h,nui wa;ving er u„pair- ing any equify, li~n a right under w by virtve of this mortgage; and in the event ta~d MORTGAGORS shall fw any reaton iait to keep the said premis_s so ~ inaured, or fail to deliver t p~omptly any of said polK+es of insurance 1o sa~d MORTGAGEE, or fail promptiy to pay fuily any pre~n~~~n the~efo~ or in a~y re~pect fai! to periorm, discha~ge, execute, effKt, complete, comply with and abide by lhis covanant, or any part hereof, sa~d MORiGAGEE may place a~~d pay fw •uch insurence or any part ~heraof w~thout waiving w affectin9 a~y opt~o~, lien, equity, w r~ght under or by vir~ue of th~s Mo~tgage, and the full amount oi each and every such payme~t shatt be immcd;ately due and psyable and shall bea, inreresl from tF~e date 1~creof uniil paid at the rate ot n~ne per ce~tum per annurn and to~eihtr with such interes~ shali be secured by the lien oi this mortgsge. To permit, commit ot su(fer no waste, impairment or dNeraratio~ of said property or any part thereof. S. To pay atl and sinpula~ the costs, chargcs and expenses, including a reasonable attor~ey i-fee and com of abstracts of tiHe, incw.ed or p~id at any time by said MORTGAGfE, because or in the tvent of the faiture on the parl Of the said MORTGAGOR to duly, promptly and fuliy pe~ipm, d~schargo, execute, eflect, comptete, comply w~~h and ab:de by each ar~d every the stipulations, sgreements, conditions, and covenants of said promissory ~ote and ~his mortgage a~y or ei~Feer, and u~d cosu, cMrges and expenses, each and every, shatl bt immediately due and payabte; whethea a not there be nonce dr mand, attempt to cotlect w suit pending; and 1he full amo0nt of each and every such payment shel~ bea. inlerest from the date lhereof until paid at the ~ote of ni~ie per centum per an,ium; and all aaid cosrs, charges and expenses incurred or paid, together wAh such interest, shal( be secured by the lien of this mwtyage. b. That (a) in 1F~e event of any breach of lhis Mortgage or defaulr on the part of the MORTGAGOR, a(b) i~ the event any oF sa'd sums of money herein ~eferred to be not p~omptly and fully paid within thirty (30) days next after the same severatly becon~e due and payable, without demand or notite. or (cj in the event each and every the stiputat~ons, agreements, condirions and covenams oF sa:d prom;ssory note and th~s mortgage any or either are not ~uly, promptly and tully performed, discharged, eaecuied, eifec~ed, completed, compGed with and abided Dy. lhen in either or any such event the sa,d ag- g~egale sum mentioned in said p:omissory note then remain+ng uopaid, wdh ~nteres~ accrued, ano aii rnvarys ieiura.i t~re.~,y, s4a:! brccma ~ut a^~ pay- ab[e forthwith, or thereatter, at the option of said MORTGAGEE, as fully and comple~ety as if all of the said sums of money wer~ originally st~p~lated to be pa~d on suth day, anything in sa:d prom~sso~y note o~ in this Mwtgage lo the contra~y notwithstanding; and thereupon or thereafter a~ the op~~on of said MORTGAGEf, without nonce or demand, suit at iaw a in aquity, ~t~erefwe w Ii~erraiirr beyun, may be prosecuted as if all moneys setured hr*eby nad matured pr~or to ;ts insritution. n in an suit u on this Nb.t a e, w to foreclose it, or to refwm it, or to enforce payrrKnt Of any tiaims hereunder, said MORTGAGEf shall apply to the Cov~t having jurisd~ction thereo w~ e appointme~ o a ece~ver, u Forthwith appoint a receive~ of said mortgaged prope~ty sll and singular, intlud,ng all and singu~ar 1he income, profits, issues arn! reven~s from whatever source derived, each and every of which, it being expressly unders~ood, is hereby mortgaged as if speulicaity set forth and desuibed in the granring and h36endum clauses hereof, and such Receiver shall have a!I the broad and effedive iu~ct.ons and powers in anywise entrusted by s Gourt to e Receiver, and s.,ch appointment shatl pe made by such Court as an admitted equity and a matter of abwlute right to sa~d MORTGAGEE, a~d without reference to the adequacy w inadeqvaty of the value of the property mortgaged or ~o the solvency or insolvenc~ of said MORiGAGOR a ihe deiendants, and that such renTS, prof~ts, income, issues and revenues shall be applied by such Receiver according to the lie~ w equity of said MORTGAGEE end the practice of such CouA. 8. To d~ly, promptly and fuNy periorm, discharge, execure, effect, rnmplete, comply w;th and abide by each and every the stipulations, agreements, conditions and covenan~s in sa~d promissory note and tni3 mortgage set fath. 9_ Thaf in the event the ownership of ti+e mortgaged premius, w any part thereof, hecornes ve~ted in a person other than the MORTGAGpR, the MORTGAGEE, its successors and ass~gns, may, w~thout no~ice to the h1pQTGAOR, deal with suc~ successw or successor in inferesr with refesence to this mortgage and the debt hereby secured in the same manner ~s with µongagor w~thout in any way vit~ating w d~uharging the Mortgogors' liability herr under or upon the debt hereby secvred. No saie of the premises hereoy mortgaged ar+d no forbearance on the part of the /110RTGAGEE w its successws or assig~s and no extension of the time fo~ the payment of tht debt heieby secured given by the MORTGAGEE or' its successors w au~gns, ahall operate ro reiease, discharge, modify ~hange or affect 1he original liabil~ty of the MORTGAGpR F~t•ein, either in whole or in part. 10. It is spec~fically agreed that time is of the essence of this coritract and that no waiver of any obligat~on hereunder w of the obfigafion sr cured hereby shall at any rime rhereafter be held to be a waive~ of the terms hereo! or of !he instrument secured herby. t 11- In add~t~o~ to ihe (orego:ng month!y payments of princ'pa~ and interest requ~red by the prom:ssory no!s sc~ured hereby, rr.octgagor covenants and agrees to pay to mo-tgege~ vc;th each e~w~sh;y Gay,.,ent an adduiona! sum esti~:ated by mortgagee to be equal to 1;"12 of the annu3l cost of the fotlow- ~ng: A-AH real property taxes tevied or assessed agai~st tnc abo~e desv;5ed real esfate. B-Prem~~ms on fire and windstorm inwracce as here~n r~qu~red to be wsried on the improvements situate on thc above d~stribed premises. C-Premiums on such mortgage guaranty iasura~~ce as morfgagee shall frorr. t~me to tirne deem fit to carry on tFro ban secured F~ereby_ Mortgagee shail from time to time notify moTtgagcr ~n wr~ting of the amount due and payabfe hereunder and such sum shait thereupon be due and ~.ayable on the due da!e ef the next month:y payn:em and each successive month thereafter urtil mortgagee shall notify mo~tgagor of a change in such a^~ount. Sucfi wms sF.ali be appiied by mortgagee toward the payment of real property taxes, insurence prem;ums, a,~d mo~tgage guararoy insurance p~emiums_ IN \,lITNE55 WHEREOF, the said A10RTGAGOR has hereunto xt his hand and seal the day and year first aforesaid. Sig , Seal and ~vered in the presente of: ? Seal~ - is D. Tyref an nevieve S. Trefel z ~a~~ SiATE OF ftORIDA ~ S2 . L,i1C I E COUNTY OF ~ Before me pe~so~ally appeared Regis D. Trefelner a~ Genevieve S. 2refelner his wife, to me well krwwn and knqrwi to me to be th~ ~ ~vtdaatstteserttxd•4ir • r+wd.ci.wwtwlged..b.tor~sas..tl+a~t6~c.-~;,~tcd_ihe_.~3~C-~~ihe-RUtRo-~3.-_...~. therein expressed. And the ~taid Genevieve S Trefelner .vife of the said Regis Trefelner • • ttpon s laparate'.a"nd private exam+nation by me taken separate and apart irom her said husband, acknowfedged to and befwe me that she executed said ~'~ryq~ t~iq{y. and voluo- rarily and without any computsion, constraint, apprehe~s~on, or fear of or irom her said husband. -1?' l: WITNES$ my hand and official seai this-- S'~h day of ~ teD~eX ~ '.Af D. {9 73 . . , ~ ~y 7 Notary Public in and for th~f.Slqt ~ f-Florida a~~l~rgs My Comm~u~o~ expires: ~l~i.~I'~,fi~S:1~~~STAjyoiF~~~~~ns~ u4Rr.E ' Return To: f First Federal Savings ~ loan Associat;on Gi': C-,::1.Y,1}~::?!` j7(~,f~:j S.F'.. 25, 1975 Ecr?i~a Br l.~.wtic:a barcac~a In:~ir~xs Ca Of fort P:erte. Fort Pierce, Florida st ~ C E COUN7Y F~A. , This Instrument Prepared By RiChaZd V. Hope RbGE" ~Of'q~5 First Federal Savings & Loan Association CLfR~ C~ ~~UfT COURt of Fort Pierce~ Flozida RFCC.Ab yi;~ ~,E'~L ~ Checked By ~r l f~ 1C pM ~~3 i ~L K 218 PaGE1~~ 263180 : _ , . ~ - ; ~ L.; ~ ?:.._~LP - ~ ' ~ . . , -a..~R, ic"" ~~".~,'B``5.+~