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Home My WebLink About1489 3. To plac~ and continuoualy kcep on the bvi:d~ngs now or hereafle~ ~~tuate on said I~nd and on all equ~Nment and perso~ally covered by thia mortg• ags, with ~II premiums thrteon paid in fuil, fire i~surence in the usual sta:xlard po~~ty iOrrti, in a sum approved by the MOR~GAGEE, snd wind~to~m insurance in tM usual ~~andard pol~cy form, in s sum approved by ~fie N10RTGAGEE, in ~uch compa~y or companies ~s ~ha MORTGAGEE ~++ay directt ~nd all firs ~nd windsrorm insurance policies on a~y ot said buildmps, ~ny inte~e~l therein or pa~f thereo(, in 1M a99«9atQ sum ~to~esaid o? In ~xtest ~hereot, shal) contain the usual eundard matga9es clauss w such otM~ claute as the Mortyagas may reqw+s, mawing Ihe toss under sa~d po1F cies, each and every, payable ro said MORTGAGEE at iq inte~est m~y appear, and each ~nd every ~uch policy thall be promptly au.yned and de~ive~ed to •ny held by ssid MORTGAGEE ai furthe~ security to said malpsge debt, a~d, no~ I~u Ihan ten (10) dayi in advance of ~he expi~al~on of each polky, 1o ds- liva to taid MORTGAGEE a re~ewal thereof, together with a rateipl tw the premium of such renewal; and there shall be no iire o~ w+ndsrorm insurance i plxed on sny of iaid buildings, ~nY intere~l therein or part thereof, unleu In tl+s (o~m and with tlx loss payabl~ ai efwesaid; and in the ev~nt ~ny sum ~ of nwney becoma payable u~da iuch policy p pol~cies wid MORTGAGEE shall have the option to ~ecaive and apply the same on accovnt of ~he indebted~ j neu setured heraby o~ lo petmit said MORTGAGORS to reCeivo and tiss if or any parf thereof fw other pwpoees, w~~ho~~ 1F1°1fDJ warvi~j~ or unpair- ~ in~ any eqv~ty, I~en or riyht under or by v'utue of ~his mo:tyage; and in the event aa~d MORTGAGORS sha11 tN any reason fai! to keep ~he said premisrs so insu~ed, a fsii lo oeiiver prompity any o~ said poticies of iisuranca ta said htORTGAGEE, or fail promptly to pay fvlly any p~e~~~ium Iherefw a in a~y respec~ (ail ro{xr(wm, d~scha~ge, execute, effect, complete, comply with and abide by this cove~ant, a eny par~ hersof, seid MORTGAGEE may place and pay for such insurancs or •ny part thereof without w~iving w affeuing +ny option, lien, equity, or right ~ndN w by virtw of this Mwtgage, +nd the fult amo~nt of each s~d every such psym~nt iMII be immediately due and payable •nd ahall bear interes~ from tha date thereol until paid at the rate ot nine p~r centum per annum and together with such interest shali bc secured by the IieA of this mwtpage. 1. To permit, commit w suffer no waste, {mpairmenf or deterioration of uid property w any parf thereof. S. To pay all a~d singulu the costs, charges and expenses, includiny a~essonable attwnty's fee and costs of abstracts of title, incurrcd a psid at a~y time by said MORTGAGfE, because o~ in the event of the failure on the pan of Ihe said MORTGAGOR fo duly, promptly and ful~y perform, d~uharge. execute, eifect, cwnplets, comply with and ab:de by each and every the s~ipulations, agreements, conditions, and mvenants ol ia~d promissory note and this mortgaga any w either, and ss~d costs, charges and expenses, each and every, shrll be immediately dve and payable; whether a not there be notrce dr mand, attempt to colleN or suit pertd~ng; and the full amount of each and every such payment shall bcs. intereat from the dats thc~eof until paid at the ra~e of nine per centum per annum; and all said costs, charges and ezpenses i~curred or paid, together with such inferest, shalt be secured by the lien of this mortg~ge. 6. ihst (s) in the evenl of any breach of this Mortgage or defa~lt on the part of thc MORTGAGOR, or (b) in the event •ny of said sums of money herein referred to be not promptly and fully paid w~~hin th~~ty (30) days next after ~he same severally become due and payabte, wtthou~ demand w ewtice, or in the eveM each and every the stiputations, sgreements, conditions and covenants of sa:d promiswry note and th~s matgage any w either are ~ot iuty, prompziy and.iuuy.paiaen~~d, cscnacpedi.-executed. eiiec~e~. c4mR!ejet;. con,p~~Ct{_wiil~, e~~.t eL~~k.3 ~r. i:.az in e:tl:zr u an, s~,h c•:tnr thr :.3e~ ag~ gregate sum mentioned in said promissory note then remaini~g unpaid, with interest accruzd, and ali moneys secured hereby, shall betome due and pay- able fo~thwith, a thereafter, a1 the option'of said MORTGAGEE, as fulty and completety as if atl of the said svms of money were aginally st~pulated ro be pa~d on such day, a~ything in sa,d prom~ssay ~o~e a in this Mortyage to the contrary notwi~hitandi~~g; ar+d thereupon or thereafter at the oat:an of said MORTGAGEE, without ~otice w dem+nd, svif at law a in equity, therefore w thereafter begun, may be proaecv~ed +s if all mo~eys secured haeby had matured pt~Or to its institution. 7. That in the event that at the beginning of or at any time perxling a~y suit upon this Mortgage, a to foreclose iL or to refwm it, or to enforce payment of any claims fK~evnde?, said MORTGAGEE shal! apply to the Coun having jur~sd~ction fhereof for the appo~ntment of a Receiver, such Court shall forthwith appoint a receiv~r of aaid rtwrtgaged property all and singular, inctud~ng all and singular the income, profus, issves and reve~wes from whatever source derived, each and every of Mrhic it ing expressly ~~de~stood, is he.eby mwtgaged as if specilically set fwth and described in the gra~ring and habendum clauaes hereof, and sutli Receiver s!?all have all the b.oad and effective funct~ons and povyeri in anywise entrusted by a Cov.t to a Receiver, and such appoiNment shall be ma~e by suth Court as an admitted equity and a mattcr of absolute right to said MORTGAGEE, and without reference to the edequacy or inadequuy of tM value oi the prope+ty mortgaged or to the soive~cy o~ insolvency of said MORiGAGOR w 1he defendants, and ~hal ~uch renrs, profits, income, issves +nd revenues shaN be applied by such Receivrr accad~ng to tAe lien or equity of said MORiGAGEE and the practice of such Court. ' i 8. To duly, promptly and fully perform, discharge, exccute, effect, complete, compfy wirh and abide by each ~nd every the stipulatio~s, agreements, conditans and covenams ~n sa~d promissory nott and Ihis mwtgage set iwth. ~ 9. That in ihe event the ownership of the morfgaged premixs, or any part thereof, becomes vesfed 'en a ptrson other than the MORTGAGOR, the MORTGAGEE, its successws and assigns, may, withovt r.o~ice to the MORTGFOR, deal with such s~ccessor or successor in interest with reference fo thia mortgage ~nd the debt hereby secured in the same manner as with Mortgaga without in any way vitiating or d~xha~ging the Mortgagors' tiability herr under or upon the debt hereby secured. No sale of the premises hereby mortgaged and no forbeerance on the part oi the MORTGAGEE or its successors or a::"gns and no extens~on of the time fw the payment of the debt hereby secured g~ven by the MORTGAGEE or its svcceuws or au~gns, shall operate ~o reiease, o~xbarge, modiiy cnange or aiiect ine originai iiau~iity oi ine Nwicivi.GGR i~e~e~n, r~ii~ei in wi-~te w:fi ysri. 10. It is spec:ficatly agreed that time is of the essence of this confracr and that no waiver of any obHga+7on hereunder or of the obligation sr cured hereby shall at any time thereafter be held to be ~ waiver of the terms hereof or of the instrument secured herby. { 11. In add~tion to the forego'ng monthly payments of princ'pal and intereat required by the prom~swry note secured hereby, mortgagar covenants 4 ar.d agrees to pay to moctgagee'writh each monrhly payrnent an addirional sum est~mated by mwtgagee to be equal to 1;' 12 of the annual cost of the fotlow- ~ fng: A-All real property taxes lev~ed or assessed agai~st thc above described real estate. ~ ? B-Premiums on fire and windstorm insuraace as herein requ~red to be carried oo the ~mprovements situate on the above described prem~ses. C-Premiums on such mortgage guaranfy ir.surar,ce as mortgagee shall from time to time deem fit to carry on the loan secured hereby. Mortgagee shall from time to time notify mortgagor in writi~g of the amount due and payable hereunder and such sum shafl thereupon be due and ~ Fayable on the due date of the neat monthly payment and each successive mortth thereafter ur.til mortgagee shall not~fy mortgagor of a change in such ~ amouni. Such sums shail be apptied by mwtgagee toward the payment of real property taxes, insurance prem:ums, and mortgage guaranty insurance ! premiums. f __iN-Y~tTIVF55-YVttERE~1he- GAfiflR hasfiereonto serfiis harsd and seal tfie da7r-arsd-,rear-first eforeseid.-- igned. Sealed a deliv~r d+ prese e o: ~ , ~ , ~Nn - - - -~a°r~--~r' a cs~.n ~ ~ x f (Sea4 ~ ~ alerie J lliost ~~s~ ~ ~ ATE OF fLORI~A ~ t Y COUNTY OF St. Lucie ~ ~ Be(ore me penonatly appeared Haspton M. ElllOtt a~ Valerie Jo QlllOtt his wife, fo me well known and known to me to be rhe individuals described in and who executed the foregoing insirument, and acknowledged beforc me that they executed the wme for the purposes ~ iherein expressed. And tFx said Valerie Jo Ell~Ott ~ +~~fe of the said Hampton M. Ell~Ott vpp~ a separate and private examination by me taken separate and apa?t from her said husbsnd, acknowledged to and before me that she executed said instrumeM frcety and volum s tarily and without any compulsion, constraint, appreh nsi or fear of ot from her said husba ~ ~ WITNESS my hand and of(icial seal thi day A. D. 19 73 ~ ' ~ ~r Notary Publie in ared tw fhe,~t pCFlori at lafgt i - - ~ My Commission expires: ~A" 8.!'' C, ST TE of fC01N0A dt LARGE ~ ~ Retum To: MY C~.'~.'dIS$li,rJ El(PlR~S C~C. 29. 1975 ; s first Federal Savi s 3 Loan Association ~ ~9 Bon6eQ iQru-6en~rpl I~surance tindtr~vriters. i r Of Fort P~erce. - t ''a` Fort Pierce, Ftorida t ~ ' ~ • ~ ~co ~o KEcoROEO - ~ ~ This Instrument Pre ared B ~CiE COUNtY FU' ~ ~ P Y John W. Collins K p4 zR?S ~ First Federal Savings & Laan Association ~~~RK C~Kr~~t COUat ` ~ of Fort Pierce, Rlorida F F`f~ ~ Itf.COttD ~E ~ Checked By ~ r' 9 44 AH ~ 1~ ~ i ~ 6 91 Y B~K 218 FA~ 1488 2 a3 sib ; ~ ~ , ~ ~ ~ _ ~ - ~ - ~ - - - : _