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Home My WebLink About2205 9. To p~ece and to+~~inuously keep on ~he bui!Jings now or heraafte~ ~i~uale on said Isnd and on all equipment and persone~~y toveted by this morl9- ag~, with •II prem~ums thereon pa~d in lull, fire insur+nce ~n the usual s~andard policy (orm, in ~ sum app~oved by tM MORiGAGEE, and windstwm inswanct in the uswl seandard pol~cy form, in a sum approved by ~M MORTGAGEE, in tuch canpsny w companie~ +s th~ MORiGAGEE may direc~• and aU (ire and w~ndstorm insurance po6cios on •ny of said build~nys, any interest thc~ei~ w pat the.eof, in the aggrey+te wm afo~ewid w tn ~xcess the+eoi, ~hall contain ths usual standard ma~gaflea clausa or such o~l+e. cl~~s~ as tM Matyagee may rcqu~rs, makin~ ~he loss unda~ sa~d po~i~ cies, each and every, payable to safd MORTGAGEE as its interest may appear, and each and every such ~.:.'icy shall be promptly ~ss gncd and de~ivered ~o •ny hetd by sa~d MORTGAGEE ss fu~~her iecurity to said mortgage debt, and, not leu ~han ten (10I days in advance of the eapiration of e~ch pol~cy, to dr liva to said MORTGAGEE a re~ewal thereo(, logether with a reteipt for the premium of svch renewal; and there shall be no fire a winds~or~n insurance pl~ted on any of said b~ildings, any interesl therein w parl thereof, unlesa in tM fam uid with Ihe loas payable as alwesaid; ~~d in the event any sum of mor~ty becornes payable unde~ such policy or pol~cies taid MORTGAGEE shall Mve the opt~on ro receive and apply the sams o~ accounl of the indebted- neu secwed hereby w to permit said MORTGAGORS to receive and ~is it w any pa~t thereof fa other pw~.~oses, ~viiho~t th_+cb~ wai~ing or ~°•^a~.- ~-y any eqviy, lien or right under w by virtue of this mortgaget and in tM event ta~d MORTGAGORS shall fw any reason fail to keep the uid premisas w insu?ed, or fail ro deliver promptly any of ssid policies of insu~ance to said MORTGAGEE, w fail p~omptly to pay fully any premium therefw or in a~y respect fail W perfwm, d~scharge, execute, eftett, tomplete, comply with +nd abid~ by thii tovenant, w any part he~eof, said MORiGAGEE may pl~te a~d paY for such inw~ance ot any part thereof witFw~t waiving w ~ffecting any option. lien, equity, or ri9h1 under w by virtue of this Mortgage. and fhe fvll amoum of exh and every such payment fhall be immediately due and payable ~nd shsll bear interest from the date ther~of uMil paid at ths rate ot nine per centwn per annum and together w~th such interest shall be secured by the lie~ of this mortgage. 1. To pt~mit, tommit ot suffe? no waste, impairmenf a deteribration ol said properH or ~ny pa?1 Ihereof• S. To pay atl and singulsr the co~ts, charges +nd ezpe~xs, including a reasonable ~ttwney i fee and costs of abstrads of ti~Ie, irrcurred or pa~d at eny time by said MORiGAGfE, becavx w in the event of the failure on tF?e part of the said MORTGAGOR to duly, prompfly and fully perfwm, d~xharge, execute, effect, complete, comply with and ab:de by each and every the stipulations, agreements, conditions, and cove~ants of said p~omiswry note and this :nor~gege any o~ ei~he~, and said coab, chargei and expenses, each and every, shall be immediately due and payable; whether o~ not there be no~~ce d~ mand, ancmpt fo coltect w wit pending; and the full amount of each and every i~th payment shall bear interest from the date thereof until paid at the rare o1 nine per centum per an~:um; and all said costs, charge: and e:penses incu~red w paid, togetRer w~th such interest, shall be secured by the lien of thiu mortyage. - i 6. That (a) in the event of any bresch of this Mortgsge or defaulr on the part of the MORTGAGOR, w(b) in the event any of sa4d swns of money herein re(erred to be not promptly and fully paid within thirty (30) deys nex~ aftet the same uverafly become due and payabte, without demand or notice, - or (c) in the event each and every the stipulatio~s, agreements, cond~tions and covenants of said promiswry note and th~s mortgege any w either are not iuTy, promptiy and futTy pertormeQ; d~uharged. executed: effected. compteted; comptied with and etr+ded ~sp, lhen in-e:~Fx~ a a++y sucb-e~~nt tM aa~d ag gregat~ wm menlioned in said promissory note then remaining vnpaid, with inetreet acpued, and ati mons#~ ilcwed haeby, sFuil beconfe due and pa~l- abte fwthwith, or theresfter, at 1he opfion of said MORTGAGEE, as fully a~d completely as if all of the'•lp~d.sums of money were aiginal~y s1:pUlated to be paid on suth day, anyfhing in sa:d promissory note or in this Mortgage to the contrary notwi~hstandfng; and thereupon w thereafter at the option of sa~d MORTGAGEE, without notice or dema~d, suit at law w in equity, therefore or thereafter begun, may be prosecvted ss if aU moneys sec~red hereby had matured pno~ to its institution. 7. That in the event thai at the beginn~ng of o~ at any tirne pending any suit upon this Mortgage, a to fo~eclose iL or to reform it, or to enforce y payment of sny daims hereunder, said MORTGAGfE shall apply fo the Court ha.ing ju~isd~ciion thereof for the appo~ntment of s Receiver, such Courf shall fcrthwith appoint a receiver of said mortgaged property all and singular, includ~ng atl and singu~ar ths income, profits, issues and reven~res (rom whatever source de~ived, each and every of which, it being expressly understood, is hereby mor~gaged s~ ii speufically set torth and desuibed in Ihe grenting and habendum clavses hereof, and such Receive~ shall have all the b.oad and effective funct~ons and power3 iq anywiie cK+trusted by a Cov?t to a Receiver, and s~ch appointment shatl be made by such Court as an admitted equity and a matter of absolute right to said_ MOI[T(~r[GEE, and wjtlwut teference to the adequacy or inadequacy oi the value ot the property mo~tgaged or to 1Fx wivency w insolvertty of sa~d MORiGAGOit or the defendants; and that such rents, profiri, income, issues and revenues sha~l be applied by such Reteivcr according to the tien or equlty of said MORTGAGEE and the pracrica of such CovA. . . 8. To duly, p~omptly and fully perform, discharge, execute, ef(ect, comptete, comply wi?h and abide by each and ever~t stipulations, sgreements, co~ditior~s and covenants in said promissary note and this mwtgage xt forth. ~ 9. That in the event the ow~ership of the mortgaged premises, or any part thereof, becomes vested in a person othet than the MORTGAGOR, the MORTGAGEE, in svcceuors snd assigns, may, wirhout notice to the MORTGAOR, deal with such successw w successor ~n interest with ~efcrence to this mo.tgage and the debt hereby secured in the same manner as w~th Mortgagor withoul in any way vitiating or d~uhargi~g the Mo~tgagors' liability hero- ur.der w upon the debt hereby sec~red. No sale of the premises hereby mor~gaged ared no forbearance on the part of the MORTGAGEE or its successws + cr euigna and no e±e~ension of the time for the payment of the debt hereby sxured given by the MORTGAGEE or its successws or auigns, shall operate ~ ro release, d~scharge, modify change or afiect the original liability of the MORTGAGOR herein, either in whole or in part, s 10. It is speNficalty agreed that time is of the esxnce of this contrac~ and thal no waiver of any obliga:~on hereunder or of the obligaYan sr cvred hereby shali at any time therea4ter be held to be s waiver of the terrtu hereof or of the instrument secured herby. 11. In add.t~on to the fwego'~g month!y payments of princ'pal and interest required by the promissory no>e secured hereby, mortgagar covenants and agrees to pay to mortgagee ;+vith each momhly pay~nent an add~rional sum est~mated by mortgagee to be equal to 1~ 12 of the annual cost of the follow- ing: i A-A11 real property laxts 'tevied or a:sessed agai~st thc above descri5ed reaf estate. B-Premiums on fire and windstorm insurar.ce as herein requ~red to be carried on the improvements s+tuate on the above described premises. { ~ C-Premiums on sut~+ mortgage guaranty insurance as mortgagee shail from rtme to time deem fit to carry on the loan secured hereby. } Mortgagee shall irom t~me to time not]fy mortgagc~ ~n wrii~ng of the amount due and payable Fxreunder and such sum shall thereupon be due and ! c ayable on the due oate of the next monthly payment and each successive mon~h thereaft_r urtil mortgagee shall notify mortgagor of a changs in such ; ~ a~ount. Such sums sF.aii tx applied by mwtgagee toward the payme~t of real property taxes, insurance prem:urtu, a,id mwtgage guaranty insuwnce ~ i p*emiums. j iN IYlTNFSS `ls!l4FREQF, the-sa;d MORIGAGOR has hereunto set his hand and scal the da nd year first aforesaid. E t Signed, Sealed and deti ed in the presence of: E ~ ` a~~ ~ aq ~ (Seaq ~ ac 1 ine L. M a ~a~~ z ~ STATE OF fLORIDA ~ couNn oF St. I.ucie } ~ Befwe me personaliy appeared .~aCOb A. MunYak a~ ~ Jacqueline L. Mt3[fy~C his wiie, to me well known and known to me to be ~ the individuals desvibed in and who executed tF?e foregang instrument, end acknowledged before me that they executed the same for the purposes s rherein exp~essed. And the sai Jacob Mun ak ~ rvife of the wid ' y upon • separate and priwte ~ examinasion by me taken xparate and apart from her said husband, adcrawledged to and before me that she exetuted said inst~ument freely and voluo- ~ rar~ly a~d without any computsiw~, constraint, app sion, o? fear of or from hcr said huaband. . ~ WITNESS my hand and official seal thi day of . ~~~S. ~i9 73 ~ ~ ~ . . Notary Public in.a fw t tate~t a~~ 4 _ - - n My Commission e:pires: J ±-~~.~~--t: - - ~ Retur~ To: ~ • ~ r-,'~ ~(~s~ .e~ ~ Firsf Federal Savings 3 loan Association NOTAItY R~B~~~'. 3~11E 1 E Of Fort P~erce, 1+IY C~:'.~~1 Q• ~9T5 Fort Pierce. Ftorida ~onc•:6 :~t:j;~f~•~ ~ , .i :T''~ II ~ • O 2 ' ~~=.Z.-:4;`E~'; . % - 4 p~ i ~ This Instrument Pre ared B Gary F. Bllw~ pfl r~~CpR0E0 `~''~,;~rP%T'~ t` q~~ First Federal Savings & Loan Association i"j=[y~ E GOUMSY f~~- ' l ~ P.4CE~ F ;~T4iAS C = ~ of Fort Pierce ~ Florida -~}i~ COURT ; CLERK C:,. { ~ RErOR'? '~C'. ~r~ fi } ~h~~ BY ~ ~ • 263891 ' ~ o a S~t 18 9 4? AH T 3 ~ BOQK 2~8 PACE2~~ : ~ sb ~ ~ u <xz~ x~. ,~a ~ ~ . K, - : ~ z ~ . : " ~ % _ . ~ ~ = ,