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Home My WebLink About0317 . v T ' ~ . ~ • ' _ 3. To place and cont~nuo~sly keep on the Lu~.J~ngs now or he~eafter ~~tuare on said ~and and on alt rquipment and personally cove~cd by this mor~g- egs, with atl premiumf thereon pa~d in (vVl, fire insurancr irt the usual star~ard poticy form, in a eum appro~ed by the MORIGAGEE, and windsrorm in~urance in the usuat standard pol~cy fo~m, in a sum approved by the MORiGAGEE, in iuch company or co~npan~es as the MORTGAGEE may d~rett; and all fire and wcnJs~orm ins~ronce poGc;es o~ aoy of said buiidmfls, any interest rherei~ or part the~eoi, in the aggregate ~v~+ aforesa~d o? in excess thereof, •hall :oniain the usual standard mortgagee clause w such other clause as the Mortgages may requ~re, maAirg tF.e ~oss u~+drr sa~d poli- c~es, each and ave~y, payable to said MORTGAGEE as ih interest may appea~, and each and every s~ch pol~cy fhalt be promptty ass gned and dttivered ~o eny held by seid MORTGAGEE as furiher sec~ri?y to taid mortgage debl, and, not less than te~ (10) days in adva~ue o( the expiration oF esch polity, to da liver to uid MORTGAGEE a renewal thercwf, togNMr with a receipt (w the p~emium ot such ?cnewal; snd fhere shall be no f~re or ~vinds~Gr~n insvrance placed on any of said buildi~gs, any interest the~ein w part ~hereof, unless in the fwm and with ~he ioss p+yable as aforesaid; snd in ~he evenl any sum af mo~ey becomes payable under such policy w po~~cies iaid MORTGAGEE shall have ~he option ro ~eteive s~J apply the sa~ne on account of the indrbted- ness tecured hereby w to pe~mit said MORTGAGORS to reteive and use it a any part thereof lor otiicr purF~ocrn, ~~,;tho~t ih_r~o~ .v.+~+~~3 0~ nnpnu- ing any equity, lie~ w right under a by viitue of this mor:gage; and in the even~ sa~d MORTGAGORS sfiall (w any reason fail to keep the said premises so insured, or fail to deliver promptly any of aaid polrcies o) insurance to said MORTGAGEE, or fail prompt{y Io pay (ully any pre~~>;~m thwefor or in a~y reiped fail to pertam, d~scharge, cxecu~e, eifect, comptete, comply wirh and abide by this covenant, or any pa~t hereot, sa~d MGRiGaGEE ~»ay place a~+d pay fa such iniurance or any part thereof without waiving w affecli~g a~y option, lien, equity, w right urtde~ or by vi~tue of this Moregage, ~nd the full amount of each and every such payment ahall be im~ned'+ately due and payable and shall bear interest {ro~i the dafe thereof un~il poid at the rate ot n~ne per centum per annum ar~d to~e~her with such inte~est shall be secured by the lirn of this mortgage. 1. To permil, commit or suffer no waste, impairment or deteriorat~o~ oi said p~operty o? any part thereof. 5. To pay all and singular the costs, charges and expenses, inc(uding a reasonable attaney i fee and costs of abstracts of title, incurred or paid at any time by said MORTGAGEE, becavse or in the event of the fa~lure on the part of ~he said MORTGAGOR to duly, pro.~nptly and fully periorm, d~icharge. zxecute, ef(ed, complete, comply w~th and ab:de by each and every ~he stipulanons, sgreements, conditions, and covenants of sa~d promissory note and ihi~ mortgage any or ei~her, and sa~d costs, chargcs and cxpenus, each a~d every, sMll be immedialely due and payable; whether or not there be notice dr mand, attempt to collect or suit pend~ng; and the ?ull arra~nt of each and evcry svch peyment shall bea. interes~ from the dare thereof until paid al the rare oF nine per cenwm per a~~u~:n; and all said costs, charges and ez;_enses incurred w paid, toge~her w~th such interest, shall ba secured by the lie~ oi thit mO~t9~f. 6. Tha1 (a) in the ever+t of any breach of,lhis Mortgage or defaull on 1he part of thr MORTGAGOR, ar (b) in the event any of saEd sums of money herein referred to be not promptly and fully paid within th~rty (30) days next a'tter the same severaliy become due and payabte, without demand or notice. ~ or (c) in the event each and every the stipuiations, agreements, condit~ens and corenants oi sa~d prornissory notr and th:s mor~gage any w either are not iuly, promptly and lully performed, d~scharged, executed, eifected, comp:eted, compl~ed with and abided Sy, thee in elfher « any such event the said ag~ gregate sum mentioned in said promissory note fhen remaining unpaid, wi~h interest accr~ed, and afl moneys secu~ed hereby, shatl become due and pay- aoie for~hwith, or thereafter, at the option of said MORTGAGEE, as fully and comple~ely as ii all of ~he said sums of money were originaily st~putated ro be pa~d on such dsy, anything in sa;d proan~ssory note or in this Mwtgaye to the contrary notwi~hstanding; and thereupon or thereafter a~ the opt~on oi sald MORTGAGEE, without not~ce or demand, suit at ~aw or in equ~ry, therefwe or thereafte~ begun, may be prosecuted as if sll moneys secured hereby nad maWred pnor Io As institution. 7, That in the event that at the beginn~ng o( or at any time pending any s~~t upon this Mortgage, w to foreclose it, or to reiorm it, or to enforce paymeM of any claims hereu~der, said MORTGAGEE shat~ apply to the Court havi~g jurisd~ct~on thereof (or the appointment oi a Receiver, such Cou~1 shail fcrrl:with appoint a receiver of sa~d moitgaged-p~operty ali end singular, includ~ng atl and singula~ the income, prol~fs, issues ar.d revenvea irom whatever source derived, each end every of wn~ch, it being expressly understood, is hereby mo~tgaged as if spetiiically set fa~h and described in the granting and habendum clauses hereof, and such Receiver shali have all the broad and eifecnve iunc~,ons and powers in anyw~se entrusted by a Cou+t to a Receiver, and s~ch appointment shall be made by svch Court as an admitted rquity and a mafter of absolute right to said MORTGAGEE, and wiiho~l refererxe to the adequacy a inadequacy of the vatue of the property mortgaged or to the so~vency or inso~vency of said MORTGAGOR o~ the defendants, and rhat auch re~~s, protits, incurne, ~ssues and revenues shall be appl~ed by such Receiver according to the lien or equity of said MORTGAGEE and the practice of such Court. 8. To du!y, promptly and fully perform, discha~ge, execute, efFect, comptete, comply with and abide by rach and every the stipulations, agrerments, . conditions and covenants in sa~d prom~ssory note and this mortgage set fath. 9. That in the event the ownership of the mortgaged pre~nises, or any part thereof, 6ecomes vested in a person othe~ tha~ the MORTGAGOR, the t.'.ORTGAGEE, its successors and ass~gns, may, w~thout notice to the MOR7G~+OR, deal with such successor or successa in interest wifh reference to this n,or~gage and the debl hereby secured in the same manner as w~~h Mortgagor withou~ in any way vitiating or d~scharging the Nbrtqagori liability herr under w upon the debt hereby secured. No sa~e of the pre~nises hereby mortgaged ar.d no foroearance on the part of the 1hORTGAGEE w its successor~ or assigns artd no extension of the time for the payment of the debt hereby secured given by the MORIGAGfE or its successws or assigns, ahall operate ro release, discharge, mod~(y change or affect ehe o~ig~nal liab~lity of the MORTGAGOR herein, either in whole or in part. 10. It is speufically ag.eed that time is of the essence of this contract and Ihat no waiver of a~y obligation hereunder or of the obligaYan sr ccred hereby ahall at any time thereafter be he:d to be a wairer of the terms hereot or of the ~nstrumeN secured herby. ll. In add:t~o~ to the f~rego'ng monthly paym~nts of princ'pa! and i~rerest requ~red by the prom~ssory no~e secured hereby, mortgagor covenants and agrees to pay to mo'tgagee •«ith each month;y payr,,ent an odd~iionai sum est~~nated by mortgagee to Le eq~at to 1,' 12 of fhe annuaf tost oi the lollow- in~: A-Aii rea! property taxes !e•n=d or assesscd agai~st the above desvibed real esta!e. B-Prem~ums on fire and wir,dsrorm ~nsurar.ce as here~n requ:red to be carried en the improvemeats sitvate on the above described premises. , i C-Premiun,s on such mortgage guaranty ir.sura+:ce as mortgagee shatl fro•r. t•me to time deem fit to car?y on the loan set~red hereby_ ~ Mprtgagee sha? (rom t~:ne to ti~ne not'rfy mortgagor ~n writ~ng of the amount due and payable hereuncier and such sum shall thereupon be due and ~ ,yable on the due date of the next month:y payment and each success~ve month rhereafre. ~ntit mortgagee shall notify rrwrtgagor of a change in such ; s~.ount. Such sums sha:l be app!ied by morigag?e toward the payment of real property taxes, i~surance prem;ums, and mortgege guaranty imurance o•emiumi_ p IN Y/tTNE55 VlHEREOF, fhe sa~d MORTGAGOR has hereunto set h;s hand and seal the day and year first aforesaid. ~ ~ Sgned, Sealed and del~vered in the presence of: / ~ +n ~ _ • (Sea4 ~ ~ Ses ~ ~ _ Vir ' 3a Stanz ~~aq ~ S~ATE OF fLORIDA ~ ' ~ COUNTY OF St. Lucie ~ ~ ~ Before me personally appeared Gerald T• StdI~2 a~ ViYginia $tdJlZ his wife, to me well known and known to me to be ~ rhe individ~als described in ared who exewted the foregoing instrument, and acknowledged before me tiwt they executed the same for tht purposes ~ rherein expressed. And the said Vfrainia $ta212 ~ Gerald Ste?=1Z u n a se arate and nvate ++:fe of the said Po P P ~ e*aminat~on by me taken separate and apart from her said husband, acknowledged to and before me that she executed said instrument free3y and volurr ~ rar~ly and without any compulsion, constrai~t, apprehens:on, or fear of or from her said husba~p@ t~beZ , ~ WITNESS my hand and offiual seal this_ ~ day of ~ p ~ a ~9 73 $ ~ . Notary Publit in and fw the of lier' af Large - My Commission expirca: _ ' • ~ . ' t ~ Return io: NOTART. P118LIC, STAIE of fIORIQ/1 at (ARGE M1' Wd, :!J: SM'1 c ~ c, ~ n r; 29. First Federal Savings 6 loan Association ~ y" r, ~ Of Fort P~t:ce. ~~/~~n J ~•r.-.~•`'. . . ' Fort Pierce, Florida v 4 ' fILEO RECORDED , y ~ - ~ ST.LUCIE G~Uh1YflA, ~ . - , qC.r,: F ~+4„ ~ R1S . _ . Gt fR+~ t:~:~U~T COURTy,~ ~ - This Instrument Prepared By J. H. ROberts~ Jz.vlr,t~c~r yr~~FsiO~...+... First Federal Savings 8 loan ~A~s ~i~t'i~on ~ of Fort Pierce• 1 S~r 18 8 s7 ~H'73 t ~ Checked By~ ~ ~ ~OORiI PACE ~17 _ ~ . ~ aZ v: - ~ _ - - ~ - - _