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Home My WebLink About0802 3. To place and continuously keep o~ ~}ro bui'dings now w hereafter situsle on sai~ land and on all cquipment and pcrsonally covered by Ihis mtxtg• ~ egs, w+~h ell prem~ums ~hereoo pa~d in lutl, fire ins~rance ~n the uwal t~andard polity (o~m, in a sum approvrd 6~r the MOR~GaGEE, and windsto+m insurance in ihe usual itandard policy form, in a sum approved by the MORTGAGEE, io tuch company or co~npaniei as ~he MORiGAGEE may dirett; •nd all fire snd w~ndsto~m insurence policies on •ny of sa~d build~~gs, eny intere~l therein or pa•t the~eof, in Ihe sggrrga~e s~m atoresa~d or i~ excess ihercof, shaU contain the usual standard mwtgagee clause or such o1he~ claui~ as the Mortgagee msy requ~re, makir+g the Ioss unJrr sa~d po~M ues, each and every, payab!e ro said A~ORiGAGEE as ~ts im.rest may eppear, and esch and every ~uch puilcy shall be prompfiy ass g~ed and drGvrrrd to any held by wid MORiGAGEE as (urther security to said mwtgage deb~, and, not leu than ten t10) days in advance of the expirotion oi each pot~cy, ~o de- I~ver to said MORTGAGfE a renewal thereof, toge~her with a rcceipt fo~ Ihe premium o1 such renewal; and Ihere'shall be no f~re or wi~~dstorrn ins~~ante plsced on sny of ssid buildings. •ny inte~esl there~n or pa~t ~hereof, unless in the form and wi~h ~he loss payabte as atwesaid; and in the event any sum of money becomet payable uode~ s~ch poiicy w poGcies faid MORTGAGEE shal) have the option to rece~ve end apply Ihe ume on accouN oi ~he i~deb!eJ- ness aKured hereby a to permit said MORTGAGOR$ fo rcteive and uss it w eny pa~t thercof for o:hcr purNOSes, ,viiiio~t th_~~i,~ wor•ny o~ u~~pa~~- ~~g any equ~ty, I~en w?ight unde. a by virtue of this mo:tgage; ~nd in the event sa~d MORTGAGORS shall fw any reaso~ fail to keep Ihe said p~em~s..•s so insured, w fail lo deliver promptly a~y of said po~~ties ol insurance io said MORTGAGEE, or ia~~ promptly to {uy (ul!y any pre~n:.,~n theretor or in a~y respect fail to pe~form, discharge, eaecute, effecl, complete, comp~y with and abide by this tovenanl, w any part ~e~eof, said MGRTGAGEE may p~ace a~~d pay (a such insurance or any part thereof withoul waiving a affecting any option, lien, cquity, w right unde~ a by virt~e of thif Matgaqe, and the 1ul! amount oi each a~d every such payment shall be immed~ately due end payable and shall bear iroe~est from the date thcreof until paid at the ro?e ot n~ne per centum per annu~n and together with such interest shali be secured by the lieo of lhis mortgage. . 1. To permit, commit w suffer no waste, impeirment a deterioration of said property or any part thereof. S. To pay ell and singufar the costs, charges and expenses, includ~ng a reasonoble attwney i fee and costs of abstrads of title, incurred or pa~d at any lime by ia~d MOR1GAGfE, because or in the event of ihe failure on the part of the said MORTGAGOR to duty, promptly and lutly periwm, d~scharge. sxecute, effect, complete, comply w~th and ab:de by each and every the stip~la~~ons, agreementa, conditions, snd covenants oF said pran~ssory note and ~h~s moregege any o~ e~ther, and sa~d costs, chargei a~d expenses, each and every, shafl be immediately due and payab!e; whether or ~ot there be not~ce de mand, attempl to collect p suit pend~ng; and the (ull amount of each and every auch payment shall bear inferest from the date thereof until paid af the ~,~fe o~ nine pe~ cent~m per annu~r, an~ all said costs, charges and expenses incurred w paid, together w~1h wch imerest, shall be secured by the I~en of th~s mortgage. 6. Thal (a) ln the event of any breach of this Mwtgage oi defau!t on the part of the MORTGAGQR, or (b) in tt~e event any of said sums of money herein referred to be not promptly and fully paid within th~rty (30) days next after ~he same severatly become due and payable, without demand or notrce, or (c) in the event each and every the stipulations, agreements, condirions and covenants of sa.d promisso~y note and th~s mortgage sny or e~~he* are not i~!y, promptly and fully per(ormed, d~scharged, executed, eifected, compfeted, compGed wrth and ab~ded 5y, then i~ either o~ any such eve~t the sa~d ag- ~r~~gate sum mentaned in said promissory note then remaining unpaid, with interes? accr~ed, and all moneys secured hereby, sfiail become due and pay- ao:e forthwith, or thereaiter, at the option of said MORTGAGEE, as (ully and compkrely as if all of the u~d sums of money were onginally srpviated ro be paid on such day, anythirw~ in sa,d promisswy note or in this Mortgage to the contrary notwiihstand~ng; and thereupon or thereaite~ at the option of i~~d MORTGAGEE, without notice or demand, suit at law or in equity, therefore w Iherea(ter begun, may be prosecuted as if atl moneys secured hereby n,d matured pnor to As insi~tution. 7. That in the event that at the beginn~rg o( or at any time pendi~x~ any suif upon this Mortgage, w to foreclose it, or fo reform it, or to enforce payment of any daims hereunder, said MORTGAGEE shaU apply to the Cov~~ having jw~sdic~ion thereof ior ~he appo~Mment of a Receiver, such Court shall ferthwith appoint a receiver of said mortgaged property aIl and singular, includ~ng all and aingular the irtcome, p~oi~ts, issues and revenues from whatever sov~ce derivcd, each and every of wh~ch, it being expressty understood, is hereby mortgaged as if specilically sel fwth and describrd in the g~anfing a~d haLendum clauus hereoi, and such Receiver shall have all the broad and effective funct~ons and powe~s in anywise entrusted by a Co~rt to a Receiver, and r.,ch appointme~V shatl be made by such Co~rt as an admitted equity and a matter of abso~ute right to said MORiGAGEE, and without reference to the adequacy or inadequacy of the value of the p~operty mw~gaged or to the so~vency or insolvency of said MORiGAGOR w the de(endants, and that such re~rs, profits, income, issves and revenues shall be appl~ed by such Rece~ver ac~ord~ng lo the lien w equity of sa~d MORTGAGEE and the practice of such Court. 8. To duly, promptly and fully perform, discharge, execute, ef(ect, complete, comply wlth snd abide by each and every the stipulations, agreements, conditions and covenants ~n sa~d promisso~y nore and this mortgage set fwth. 9. That in the event the ownership of the mortgaged premises, w any part thereof, becomes vested in a person other than the MORTGAGOR, the :'.ORTGAGEE, its successors and ass+gns, may, without notice to the MORTGApR, deal with such successor w successor in interest with reference to this n,a~tgage and the d>bt hereby secured in the same manne+ as w~~h Mortgagor without in a~y way vitiating or d~scharging the Mortgagors' liability her~ _ under or upon the debf hereby secured. No sale oI the premises hereby mortgaged and no fo.bearance on the pan of ~he MORiGAGEE or its successors or assigns and no extens~on of the time ior the payment of the debt hereby secured given by the MORTGAGEE or its s~cceasors or ess:gns, al5all operate !o release, d~scharge, mod~fy change o? affect the orig~nal liab~lity of the MORTGAGOR herein, either in whole or in part. 10. It is speci(icalfy ag.eed that time is ef the essence of this contract end that no waiver of any obl~gat~on hereunder or of the ob:gation se- cvred hereby ahali at any time ~hereafter be hetd to be a waiver of the terms hereof or of the instrument secured herby. I 1. 1~ addnio~ to the forego'ng monsh!y paymenrs of princ pal and intrrest required by tAe prpmissory note setured hereb~, morlyagor coveoaMs s~,d agrees to pay ro mortgagee vtiih each rr.onthiy payr:zent an add~rional sum estin:a~ed by mortgagee to be equal to 1;' 12 of the annua~ cosl of the foflow- ~n~: A-All real property taxes lev~_3 er assesscd ag.~ias! the abore desaibed real esrate. li B--Prem~ums on iire and w~ndstorm insurar.ce as herein requ~~ed to be carr~ed on the ~mproveme~ts s~tuate on the above described premises. ' 4-Prrm~ums on such mortg;ge guaranty ir.wrar.ce as mo~tgagee shall from t:me to timr deem iit to carry on the loan secured hereby. i lllwtgagee sha~l from time to rime norify mortgagor in wri~ing of ihe amount due and payable hereundtr and such s~m shail thereupon be due and t ; 3yable on the due date of the next month!y paymem and each successive month thereafter ureil mortgagee shell not~iy mortgagor of a change in such o~nt. Such sums sFall be applied by mortgagee towa~d the payment of reat property taxes, insurance prem:ums, and mortgage guaranty ins~rance e ;~.~emiums. 3 IN WITNESS wHEREOF, the w~d MQRTGAGOR has hereunto xt his hand and scal the day and r firs~ atoresaid_ ~ igned, Sealed ar.d delivere ' the presence of: € . Sea4 ~ ~ ~ ~ !1 C 1 (Seat) ~ - ~ iSeal) ~ _ R A • ~01~B1 lSeal) . " S i ATE Of fLORIDA ~ St . ~.uc ie ~ ~ • ~OUNTY OF ~ Danny M. Coaella Before me personally appeared ~-A ~ and ~@ • his wife, to me well known and known fo me to be the individuals described in and who executed tF?e foregoing instrument, and acknowledged ixfore me that they ezecuted the same for the purposes ~ rherein expressed. And the said F8S/'~ A• Cael~ ~ r.;fe of the ~~a ~ Dannv M. CO~Zla upon a separete and private ~ e,amination by me take~ separate and apart from her said husband, ackrawled~ed to and before me that she executed said instrument freely and volum ran~y and without any compu~sion, consrraint, appreh tear of or from h~r id husband. ~ ~ ~ WITNESS my hand and offic~al seal this____y~~_ day of OCtO~@r ' D. 19~_ ~ ~ ~ Notary Public in and or the Stste of F{~Lt~~it` lk~q _ • My Commisaion expires: .1~~; ~ ~ - Return To: . Sl ' y .T~, .,i • ~ - First Federai Savi s 3 loan Associat~on : ~ ••s, ' ~ ~1 Of Fo t P crce. M~jARr PU~•'iIC. S7pTE ef Fl Rf - t. C:~r~;rt.-..1Cr~ ~ n U{RGE " - Fcrt Vicrce. Florida E ~ frFSRr~ ' - ~2 ,3Y , Y - _ . ~ ~ « ia::y~;: ::~;7 l~~" '?c ; ~ ~ ` . U4985 - ~ . r . ~ ~ ~ . - s ~ .1 _ ~ ~ This Instrument Pre ared B Galy F. Ellwood ~ P Y .~-,".-~~•F - ~.tG~ ~ ~~+T~= First Federal Savings 8 Loan Association . ~uf0 ~ Florida fi~-~~ ~`M ~ 1' j:i,. of Fort Pierce ~ ;t ~~,r , ; : 3Hj Ayl ~ 1~-- k~,t; _ ~ ~~pT ~ Checked By r~ E'" : ~.r.~--~ ~ - Qi~~a•-, r~• ~ 0 R~~~7 VV~i ib ~ j~ C~ 4? (~N Z 3 800K PAGE ~ ~ y~ ~ , - . ~ ; . . ~ , - = ~ . . a_