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Home My WebLink About0199 ! 3. To p~ace and conrinuoualy kcep on ~he bui:d~ngs now or herea(rer situats on said isnd and o~ sll equipment and perso~alty covered by this ma~g~ ags, with all prrmium~ rhereon pa~d in (~l1, Gre insuronce in the usual standard pol~cy form, in a sum apWored by the MOR~GAGEE, and w~nds~o~m ~nsuranc~ in ihe usua) i~anda~d poticy form, i~ • sum approved by ths MORTGAGEE, i~ such company or tompanies as the MORTGAGEE may directj ~nd all fire and w~Rdsrorm insurante polic~es on any o( ~aid buildmgs, any intere~~ therein or par~ thereof, in rhe aggregaro sum afwesa~d w in excess thereof, shall contain the usual standard mor?gagae clause a such o~~+er clauss ~s 1M Mwtyagee may requ~re, making rhe loss u~der ~a~d po~i- ues, ea<h snd eve.y, payab~e ro ta~d MORTGAGEE as ~t~ interast may ~ppear, and each and eve.y such po~icy ~hall be promptly ass gned a,.d deGvered ?o eny held by said MORiGAGEE as (urther securily to said martgage debt, and, no1 less than ten (10) dayi in advance of the expiration of each policy, to de- Gver to said A10RTGAGEE a rcnewal thereof, ~oge~her with a recapt for Ihe premium o( such ronewal; and there shall be no f~re or windstonn insurance placed on ~ny of said buildinys, any intereit therein w parl lhereof, ~nless in th~ form and with the lou payable as afo~euid; and in tF~e event any sum of money becomes payabfe under such policy or pol~ues taid MORTGAGEE shell have ths opt~o~ to receive and apply ~hr aame on accou~t of the indebted- • ness ucured hereby or to permit sa6d MORiGAGORS to rcceive end use it a eny parl thereof for o:ner p~rF,oses. .v~rh-,,:t th~.cb~ .vai.~ng or u~~pair- ~ ing any equ7ty, Iien or right undcr or by virtue of this mortgage; and in tM ~vent sa~d MORTGAGORS sha11 fa any ~eason iail to keep the said prem~szs w ~ insu?ed, w fail ro deliver promplly any of said poLcies of iniurance ~o sa~d MORTGAGEE, a fail promptly to pay fuity any pre~ni~m therefor or in any ~ respcct fail to per(wm, d~scharge, ezecure, effect, complete, comply wiih and ab~de by ~h~i cove~ant, a any part hrreof, sa~d 410RTGAGEE may piace and ~ pey (or such iniurancs or any part ~he~eof w~~hout waiving or affecting any option, tien, equ~ty, w r~ght under w by virtue of th7s Mo~tgage, and the full amounl of each and every such payment shall be immediately due and payable and shall bear interest from the date Ihereof until paid at the rate ol n:ne per ce~tum per annum and to~ethe~ with such in~erest sha~l be srcured by tF~e lien of this mortgage. ! To permil, tommit a suffer no waste, impairment w deterioration of said prope~ty o1~ a~y parl thereof. 5. To pay all and sing~Iar the costs, charges a~d expenses, i~cluding a reasonable attorney i fee a~d costs of abst~acti of title, incuned w pa~d at any tirre by said MORTGAGEE, beca~se or in the event of the fa~l~re on fhe part of the said MORTGAGOR to du~y, promptly and fully perfwm, dixhs~ge. execute, efiett, compiete, comply with and ab:de by each and every the stipulat~ons, agreements, conditions, and covenan~s of sa~d promiswry note and thi~ i mortgage any w ei~her, and sa~d costs, charges and expenses, each and every, shall be immediately due and payabte; whethe~ a not tf+e~e be natice de n,and, attempl to collect w suit per.d~ng; and the tull amount of cach and e~ery such payment shall bear interest from the date thereof until paid ~t the raTe oi nine per centum per a~u~um; arx! all said co:ts, charges and expenses incurred w paid, together w~th such interest, shall be secured by ths lien of th~i mOrfg~e. ~ 6. That (a) in the event of any breach of tnis Mwtgage or default on the pert of the MORTGAGOR, w(b) in 1he event any of aaid sums of money i herein referred to be no~ promptly and fully pa~d within thuty (30) days next after lhe same severatly become due and payable, without demand or notice, { cr {c) in the event each and every the stipu~at~ons, agreements, cond~tia~s and covenants of sa:d promissory note and th,s mortgage any or either are no1 ~ iuly, promptly and fully periormed, d~uharged. exec~~ed, eifected, completed, complied wlth and ab~ded ~iy, then i~ e~ther or any such event ~he said ag ~ gregate sum menteoned in said promissory note then remaining unpaid, with interest accrued, and ail moneys secured hereby, shall become due and pay~ F abte forthwith, or shereafter, at tbe opiion of said MORIGAGEE, as fully and compkrely as i( all of the sa~d sums of money we~e aiginally itipu~ated !o be pa~d on such day, anything in sa:d prom~ssory note a in this Mwtgage to fhe contrary norwirhstanding; and thereupon or thereafter at the opnon of sa~d MORTGAGEE, without nof~ce or demand, suit at law a in equity, therefore or thereafter begun, may be prosecutrd as if all moneys secured hereby nad matured pnw to its institutian. 7. That in the event that at the beginn~ng of o? st any time pending any suit upo~ this Mortgage, a to fweclou it, or to re(orm i1, or to e~force payment of any claims hereunder, said MORTGAGEE sha~l apply to the Court having jurisdiction thereof for the appointment of a Receiver, such Court shall ioi~hwith appoint a receiver oF said mortgaged property alt and singular, includ~ng alI and si~gular tt~@ income, prof~ts, issues and revenues from whatever so~rce derived, each aod every of wh~ch, it be~ng expreasly undentood, is hereoy morrgaged as if speufically set forth and described in Ihe y~anting and habendum clauses hereof, and such Receiver shali have all Ihe b~oad and eifective fu~ct~ons and powers in anyw~se entrusted by a Court to a Receiver, and s~.,ch appoinrment ~halt be made by such Court as an admined equity and a matter of absolute right to said MORTGAGEE, end without reference to the adequacy a inadequacy of the va!ue of the p~operty mor~gaged o? to the so:vency or insolvency of said MORTGAGOR w the defendants, and that such rems, profits, income, issues and revenues shall be epplied by such Receiver atcord~ng to the lien or •equity of said MORTGAGEE arid the practite ot suth Courf. 8. To duly, promatly and fully p~rform, discharge, execute, efiect, complete, comply with and abide by each and every ihe stipulations, agreements, g conditions and covenanta in said promisswy note and th;s mortgage set fwt6. ~ j 9. That in the event the owne~ship of the mwtga~ed premises, or any part thereof, becomes vested in e person other than the MORTGAGpR, the M.ORTGAGEE, its successors and assigns, may, without no~ice to the MORTGAOR, deal w~th such successw or successw in imeres~ with reference to this mortgage and the debt hereby secvred in the same manner as with Nlortgagor without in any way viliating or discharging the Mortgagors' Iiability here- under or upon the debt hereby secured. No sale of the premises hereby mortgaged and no forbearance on the part oi the MORTGAGEE or its successors or assigns and no exte~sion of the time fw tF~e payment of the debt hereby secured given by the MORTGAGEE or its successors or au~gns, atiall operate ro re+ease, d~scharge, mod~fy change or affec~ the original liabil~ty of the MORTGAGOR herein, either in whole or in part. 10. It is speufically agreed that time is af the e:sence of this cororact and that no waiver of any obligation hereunder q ot the obligaYan se- ~ cured hereby shall at any time thereaher be hefd to be a waiver oF the terms hereof or of the instrumeM secu~ed herby_ ~ 11. In add~tlo~ to the fwego:ng momhty payments of princ pal and interes~ requ~red by the promtssory note secured hereb~, mortgagar covenants >~~d agrees to pay to mo:tgagee with each mon~hly payn;ent an add~~ional s~m est~n.ated by mortgagee to be equal to 1~~12 oi the annva! cost of the follow- ~ ~ ' A-All real property taxes lev~ed or assessed agai~st thc above described real estate. B-Pr~~n~ums on f~re and wlndstorm insurarce as here~n req~:red to be carr]Fd en the improveme~ts s~tuate on the above dsscribed premises. C-Premiums on such mortgage guaranty insurar:ce as mortgagee shall from t me to time deem fit to carry on the loan secured hereby. Mortgaaee sha%I from ~~me to t:me not~fy morrgagor in wr~t~ng oT the amount due and payable hereunder and such sum shall thereupon be due and c..~;able on the due date of thz next monthiy payment and each s~ccessive month thereafter until mwtgagee shall notify mortgago~ of a thange in such ~^ounf. Such sums sF.ail be app'.ied by mortgagee toward the payment of real property taxes, insurance prem:ums, a,id mortgage guaranty insurance cx e mi umt. 1 ~ YIITNE55 WHEREOf, the sa;d MORTGAGOR has hereunto set his hand and seal the day and y ar first afwesaid_ ~ ~ ~ gned, Sealed and d livered ' he preserxe . ! W @SS Sesq ~ I333@11 I. • !t (Seaq . E - (Seaq ! Witness Mildred B. B ber ' ~ SiATE OF FLORIOA ~ ~ - ~ St. Luc ie ~ COUNTY OF ~ Before me personally appeared Russell L. Egbert and ~ Mild~ed B. Egbert ' his wife, to me well known and known fo me to be ~ the individua:s described in and who executed tF~e foregoing instrument, and acknwvledged before me that they executed the same fw tFx purposes ~ rherein expressed. And the sa~d- M~Idl~ B, ~b@Zt - ,~:~fz of the said RusselZ L. BQ~Zt , upon a separate and private ~ examinat~on by me taken separate and apart from said husband, acknowl nd before me that she xetuted said instrument fre~Jy and volun- ~ ~aniy and without any compu~sion, constraint, app sioa~-~ar of rom ber sai usband. . ~ WITNE55 my hand and official seal t/' L ay of Se tenber ; ~Q~~~q~73 f ~ ~~/i s Notary Public in and or the State Q~ EliriSie'at,~arge'•~ .~y ~ My Commission expires: ~ . ,'L "v ¢ Retum Ta = ± . • : ~ ~ ~ ~ Y _ First Federal Savings ~ toan Association ~ E:• G ~ O~ Forr P erce. NOTARY PUBLIC, STATE ot~10RF0A~~ f~: c- . Fort Pierce, F(orida h1Y COMMISSION EXPIRE.f lAl~.~i. '197IV ~ O,- $ ! Bonded By Ameti:An BanklF~ ~liS+Trynce Ct ~ n~ : ` _ - ~ t~' Y ~ [ , ~ ^ ~ ~7', V~ ' /i~. This Instrument Prepared By Gary F. B11~?ood / ~k~""'"` ~ = First Federal Savings & loan Association f1LEU °•~`'~~uEO C~~hYY fLA. of Fort Pierce ~ Rlorida fY.~~G'`'F ;.;~,TR~S ~264535 F; ~ ~ ~lf~~ c' :?i~n ~O~iiT Checked B~ pcr:,~ ~ u ~ ~ S~~ 10 a4 ~N'~ 3 sb - ~ ~ - - - - ~ _ _ °r,~,T 3T` . . " . ` ' . _ _ , . . _ . _ . . . ~