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Home My WebLink About1483 3. To place and continuously keep on ~he bui;d~rgs ~ow or hereaftK ~~tuate on iaid land snd on ~~I equip~nenl ~nd personally covered by lhis mwtg- p~, with •11 preroiums thereo~ pa~d in full, tire insurance in tha ususl ~~andard polKy iorm, i~ a sum app?oved by the MORiGAGEE, and winds~orm i~turanc~ In ths usual ~undard pol~q fam, in a s~m approved ~y tM MORTGAGEE, in sucA company or compa~iei as ~F» MORTGAGEE may direct; ~nd all fin and winde~o~m insurence policies on any of said bui~dinpt, any fnteres~ th~rei~ or part tiKreof, in the ay~greysta wm a(oreu~d o~ In ~xcess thereof, ihall contein ~hs u~ual standa~d mor~yaye~ t~ause a such othe~ tlauH ~t tM Matyapes may requ~r~, m~kinp ~he loss unde~ ta~d polE cies, e+ch and every, payable to said MORTGAGEE iti interesl may ~ppear, and each and everyr tuch policy shall be p~omp~~y ass gned and de~ive~ed ~o any held by iaid MORiGAGEE turthe~ tecurify Io said mor~gags debf, snd, rat lesi ~han ten (10) d~ys in advance of the expiration of each policy, to da IivN to uid MORTGAGEE a?snewal Nkreof, topeiMr wi~h ~ rx~ip~ fo? 1he prsmi~m o( iuch renewal; a~+d ~here ~hall bs no fi?e o~ w~nds~orm insurance placed on any of said buildinps, sny interest th~rei~ w par: thereof, unless in ~M fwm ~nd with tM loss p+Yable ~s ataesaid; and in ~he event any sum of mon~y becomei paysble under wch policy or policie~ wid MORTGAGEE shatl hav~ the optan to .eceive and apply the ssme on accoum of the indebted~ nOU fetur~d h@reby O? to plrmit ssid MORTGAGORS to rKeive and uie it a any part thcraof fa other purpoies, witho~t ~hrrau~ waivi~~g or ~~upair- in~ any equity, lien p right vnder or by virlue of this mortgage; ~nd in tM tvtnt aid MORTGAGORS shall fp any resson iail to keep the said premisrf so inaured, or iall fo deliver promptly ~ny of uid policies of insurance to said 1NORTGAGEE, w fail promptly to psy fully any premium therefw w in a~y resoect fail ro perfwm, discharae, executa, ef(ect, completa, comply with and +bide by this covenanl, or any part hereof, said MORiGAGEE may p~ace +~.d pay fa such iniurancs or any part lhereof without waiving or affedinp ~nr optan, lien, eqvity, o? ryht under w by virtw ot this Mortgage, and tha full amount of esch and every tuch payment thall be immediately dve and pay~bk snd shall bear interest Irom ths date ther~of ~ntil paid at the rat~ ol nine per centum per annum and together with such inte~est shall be secured by the tien of thi~ morlyage. 1. To permit, commit or suffer no wast~, impairment ot deterio~ation of said property w any paA thereof. S. To pay all and singulu the costs, charges and expenses, includirg a ~easonable sttaney i fee snd costs of abstrads of ~itle, incurred or paid a~ any time by said MORTGAGfE, beca~se w in the event oi the failure on the pan of ths said MORTGAGOR to duly, promptly and f~lly perform, d~uhargR exxute, effM, complete, comply wi~h and ab:de by each and every the stipulations, agreemenri, conditions, and covenants of said promissory note and tha mortyaye any w ei~he?. and said cosb. charges and expenses. euh and every, shall b~ immediately dve and payable: whether w not there be no~ice dr mand, attempt to collett w~uit pending; and the full amount o( each and every such p~yment shall bea. in~eres~ iran the date thereof until paid al the rate of nine per cemum per annum; and all said costs, charges a~d expenses incurred w paid, togethe~ wdh tuth interest, shall bs ~etured by the lien of thit mortgsge- b. That (a) in the avent of any breach of this Mortgage or defaulf on the pan of the MORTGAGOR, w(b) in the event any of ta~d s~ms of money herein referred to be not promptly and fvlly paid within th~rty (30) days n~xt after the same :everatly becomc due and psyable, withovt demand or notice, or (t) ir5 M2-evtnt EaCh and every the stiputations, ~greeenenb, cend+lions and covar?~nts-o) sa+d promissoay note and th~e mo~19age any w_ either ~re no~ ~uly, promptly and tutly performed, d~xharged, ezecuted, effecfed, completed, complied with and abided by, then in e~ther w any such evenf the said ag ~r.vlarw wm m?~rioned in said promissory note then remainino unwid. with iroerost xuuad, and a!I monevs secured hereby, shall becorne due a~d p+y- eble fwthwith, w thereafter, at the opf~on of said 1NORTGAGEE, as fully and completely as if all of the said sums of money were originally sripulated to be paid on suth day, anything in said promiuory nott o~ in this Mortgage to the conuary notwithstanding; and thcreupon w thereafter a1 the op~ion ot sa~d MORTGAGEE, wirhout not~ce or demand, suit at law or in equity, therefwe w thereafter begun, may be prosecuted as if all moneyt secured hereby had matured prwr to ~ts institution. ~ ' • 7. That in the event that at the beginning of or at any time pcnding any suit uFwn this Mortgage, w 1o fweclou it, or to reform it, or to enforce payment of any claims he+eunder, said MORTGAGEE shall apply to the Court having ju~isdictio~ thereof fqr the appo~ntment of a Reteive~, such Cou~t sha~l forthwith appoint a reteiver of wid mortgaged properfy all and singular, includ~~g all and sing~lar the intome, profits, issues a~d revenues irom whatever source derived, eath and every of which, it beitg expressly understood, is hereby mortgaged as, if specifically set futh and deuribed in the granting and habendum clauses hereof, and svch Receiver shall have all the broad and effective funct~o~s and powers in anyw~se entrusted by a Cou~t to a Receiver, and :uch appointment shaft be made by sutA Court as an ~dmitted equiry and a msttet of absolute ~ight to said MORTGAGEE, ~nd wifhout reference to the adequaty w insdeq~aq of the wlue of the property mwtgaged w to the wlvency er insolvency of said MORTGAGOR or the defendants, and that such renrs, profits, income, iu~es and revenues shall ba applied by such Receiver accwding to the lien or equity of said MORTGAGEE and the practice of such Court. - 8. To duly, promptly and fully perform, discharge, execute, effect, complete, comply with and ~bid~ by each and every ihe stipulations, agrcements, conditrons and covennnts in sa~d promissory note and this mortgage xt forth. 9. That in the event the ownership of the mortgaged premises, a any part thereof, becomes vested in a persori other than the MORTGAGOR, the M,QRTGAGEE, its succeuws and assigns, may, without norice to the MORTGAQR, deal wi~h such successor or successor i~ interest with reference to this morlgage and the debt hereby secured in the same manner as with Mortgagor without in sny way vitiatirg or dixharging the Mortgagots' liability here- under p upon the debt hereby sec~r~l. No sate of the Fremises hereby mo~tgaged and no forbearance on the pan oi the MORTGAGEE or iri succeuors or ass~gns and no extension of the time fw the payment of the debt hereby secured given by the MORTGAGEE or its successors or auigns, ahall operate ~o release, discharge, modify change w affett tF~e original liabil~ty of the MORTGAGOR herein, either in whole or in part. iu. it is speciiicaiiy ag~eed inar fime is oi Tne essence oi inis co~?rao and inai no weiver oi any oi,~~ys~wn nr~ewwer w ui iiw uiaiiyeiiw~ sr- cured hereby sha~I at any time thereaffer be held to be" a waiver of the terms hereof or of the instr~ment secured herby. 11. In add~tion to ihe fwego:ng monthly payments of princ'pal a~d interest required by the prom~ssory no~e secured hereby, mortgagor covenanfs and agrees to pay to mortgagee with each monthly pay~nent an add~rional sum estimated by mortgagee to be equal to 1;'12 of the annual cost of the follow- ing: A-A~I real property tazes levied or assessed against the above described real estate. B-Premiums on fire and windsturm insurar,ce as here+n requ:red to be carried on the improvements situate on the above described premises. I . i C-Premwms on such mortgage guaranty insurance as mortgagee shatl from time to time deem fit to carry on the loan secured hereby. j Mortgagee shall from time to time notify mortgagor i~ writing of the amount due and payable hereunder and such sum shall thereuoo~ be due and ~ ~ayable on the due eiate of the next month!y payment and each successive month the~eafter ur.til mortgagee shall notify mortgagor of a change in such ! a~nount. Such sums shall be apptied by mortgagee to•+vard the payment of real property taxes, insvrarxe :ums, and mortgage guaranty inwrance ~ - ~ premiums. - - ~ IN Y~ITNESS VVHEREOf, the ssid MORTGACsQR has hereunto set his hand and seal the day nd year first ore aid. ~ ' ned, Seated and delivered in the presence of: . : ~ s~'n ~ Ronald B. Reaze ~,n ~ • Sea4 ~ V61 . Fea2 5esq ~ STATE OF FLORIDA St. Lucie ~ ~ couNnr oF Before me penonally appeared ROlfeld B. Fe~el and ~ Evelyn K. F@a2@1 h~s wife, to me well known and known to me to be the indiriduals descr~bed in and who executed rhe fwegoing instrument, and acknowledged befwe me tfiat they executed the same for the purposes ~ therein expressed. And the said BVel~ll K. Feaz~l ~ w~fe of the sa~d Rnnald E. Feazel _ up~;,? a~sep~arate and privst~ ~ examination by rru taken separate and apart from her said husband, acknowledged to and befwe me that she exetutad 'sajl' i~l1J~n?. f rwly and volun- ~ rarily and without any compulsion, constraint, appreFxn io1n,~or fe'sr of w from her said husband. ~ WITNESS my hand and officia! seal this 1 day of tel~e= c R~' 'A:~O 19 73 ' • . . ~ ~.i 1• ' ~ - ~ t' - " - Notary Publit in and ior thi St~~e,p lor~d~ at kstye ~..v_-" ' My Commiuan expires: ~ G ~ p; Return To: NQTAR1f PUBUC. STAT~~}iIORlDA t3 tAR6E s~ Fint Federal Savings d~ Loan Associateon ~ MY CGtALUSSIOH D(PIRf~ SEFT:' 45, 1975 ~ Of Fort P~erce. B~~ By ~ ' fort Pierce, Florida ~ ~ ~ r teo aMo pECOaoEO / ~ This Instrument Prepared By Ge~zy F. Bllwood :~,IUCIE COUM7Y f~A. ~~f ~ First Federal Savings 8~ Loan Association qpCE~ PG~~R~S ~ CLERK C?;CUtT C011l1T ~ of Fort Pierce ~ Rlorida RE~pqp YE':~f1E4 Checked By ~ 9 44 AM sb ~ ~ e~~.8 ~~~4~ 2s~~ ~ ~ ~ ~ ~ - ..~r z- ~ s ~e. . _ . t