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Home My WebLink About0804 3. To place and con?inuouily keep on the lu~:du,~e now or hereafter ~ituate on sa~d Iand and on at! eqv'ry~nent and personaHy covered by this mortq- e9e, with all premiums thrreor~ p~;d :n full, 1ne insvrance ~n the usuel staiw~lard pol!ty iorm, in s sum appro+rd by the h10R(GAGEE, and w~ndstwm ;nsuronce in ~he ususl irandard pol;cy fo~m, in a sum appro~ed by the A10RTGAGEE, in such co,npany or co~.~~.an+es as ~he MORIGAGEE may d~rect; ~nd all (iro and w~ndatorm inswa~ce poGc~es oo any o( sa~d build~~gs, arty iMeres~ lherein or par? ~hereof, in ~he aggrega~e sum alo~esa~d or in excess ther~pf, shall contain the usual standard mortgagee clause or such o~ha ctause as Ihe Mortgagee may rcqv~re, ma?ing th@ loss undrr sa~d poli- ues, each and every, payable to said h10RTGAGEE as ~ta int~resl may appear, and each and eve~y such policy shall be prompNy ass gned and drt~~r<<•d to any held by sa;d MORIGAGEE as (urrher securiry to sa~d mortqage deht, and, not tes~ tfian ten (10) day~ in advance of ~he exp~rat~on of each pol;cy, to dr {ive? lo said MORTGAGEE a renewal thereot, toge~har with a receipt fw the premium of such renewal; and the~e shall be ~o f~re or winJsronn ins~ronce p~aced on ~ny of said build~ngs, any intero:t rherein w par~ the~eoi, unlesa in ~he 1o?m and wi~b the loss payab~e as afo~esa~d; and in the evem any sum of money b~come~ payable under such policy or policios said MORTGAGFE shaU have the option to recewe and appty the same on account o( the indabted• ness tecur~ hereby or to permit said MORTGAiaOR$ to recrive and vse it p? any part thereof for ocner pu~~~oses. .v:ti,~~t th u~ ,,,,;~~f ~3 or ~n,p.,lr• ~~g any equ~ty, I~en or righl under w by virtue oi Ih;s moc•gage; and in Ihc evrnt said MORTGAGORS shatl for any ~cason fai) to keep the said premisas so ~~~u~ed, o? fail to daliver promplly any of sald policies of insurance ro sa~d MORiGAGEE, w(aif promp~ly to pay (ully any pre:n~~rn thcr~(or or in any rotpect fail to perlprm, discharge, execure, effed, comptete, comply with and abide by this covenaN, or any parl hereof, said MGRiGAGEE may p~acr a~~d pay fw such insurance or any parl thereof without waiving w aifeUing any opt~on, lien, equ~ty, or r~ght under or by vir~ue of this Mortgage, and the full amouM of each and every such payrnent shaU be immediately due and payable and shali bear inrerest lrom the date thereof un~il p~~d at the rate of ~un~ per crntum per annum and to3rthar wiih auth interest shali 1x secu~ed by the lien o~ lhis mortgage. 1. To permit, commit w sutfer no waste, impairment or deterio~ation of said p~operty q any part thereof. S. To pay all snd singular the cosls, charges and expenses, including a reasonable attorney's Fee and cosrs oi abst~acts o( title, i~curr~ or pa~d at any time by said MORTGAGfE, because w in the event of the failure on the parr ot the aaid MORTGAGOR to dufy, pron,pfly and tully perform, d~scha.ge. e~rcute, ef(ect, comple~e, comply w~th a~d ab:de by each and every the stipula+~ons, agreements, conditians, and covenants of said pranissary note and this n,or~gage any or ei~her, and sa~d costs, charges and expenses, each a~~d eve~y, fhall be immed~atety due and payable; whether w nor rhe~e be no?tce de n,and, atrtmpt to collKt p~ suit prnd;ng; and the fuli amount of each and every svch payment shall bea~ interes~ from the date thereof until pa~d al the o~ n~r+e per cantum per annu:n; and all said costs, ci~arges and expenses incurred or paid, ~ogether w~th svch intere3t, shall be secured by the Gen of thb mortgage. ~ 6. That (a) +n the even? of any brrach of ih;s Moitgage or default on the part of ~he MORTGAGOR, or (b).in the event any of said sums of money herein referred to be not pranptly and fully paid within fh~rty (30) days next aiter the same sere~ally become due and payable, wi~hout demand or notice, o~ (c) in the eveM eath and every the stipulations, agreements, conditions and tovenants of aa:d promisw~y nore and ~h:s mo~~gage any or e~thcr a~e nol iuly, prcvnptly and iutly pe~formed, d~scharged, execu~ed, eifected, compteted, complied with and ab~ded 5y, then in ei~her or any such event the sa~d ag gregate sum mentioned in said p~omissory note the~ rema~ning unpaid, with interest accrued, and a1l moneys secured hereby, shalt become due and pay- able forlhwirh, a rhereafrer, ai the op!~on of said MORIGAGEE, aa fulfy and complerely as if all of the said sums of money were onginatly st~pulated to be pa~d on such day, anything in sa:d prom~ssory note w in this Mortgage to the contrary notwithstanding; and thereupon or thereafter at the opt~on of sa~d MORTGAGEE, without nonce or ~mand, suif at taw or in equity, therefore or the~eaiter begun, may be proset~ted aa if all maneya secured hereby n_d mawred pnw to i1s institut~on, 7. Thal in ehe evenf that at the beginn~ng of w at any time pcnding any suit upon this Mortgage, or 1o foreclose it, or to refwm it, or fo enforte payment of any c(aims hereunder, said MORT(',AGfE shal! apply ~o the Court having jur~sd~ction thereof for the appo~ntment of a Receiver, auch Court shall ior~hwith appoint a receiver of said mortgaged property atl and sirguiar, ioclud~ng all and si~gular the income, p~of~~s, issues ar.d revenues Irom whatever seurce derived, each and every of which, i~ beirx~ expressly understofld, is hereby mortg~ged as if spec~fically ut forth and described in th~ 9ranring and habendum dauses he~eof, end such Receiv,&r shal: have all the broad a~d effect~ve funct~ons and powers in anywise emrusted by a Cou~t to a Recriver, and ~ s. ch appointment shall be made by such Co~rt as a~ adrnirted equity and a matter of absolute right to aaid MORTGAGEE, and w~tFwu1 reference fo the ; ec!equacy w inadequacy of the vatue of the property mongaged or to rhe so:vency or ;nsowency ot said MORJGAGOR w the detendants, and ~hat such renfs, protits, income, issues and revenues shall be appiied by such Receiver accord~ng lo the lien a equity of said MORTGAGEE and the pract~ce of such Court. 8_ To duly, prompt!y and fu1ly perform, discharge, ezecute, effect, complete, comply with and abide by each and every the st~pulations, agreemenls, f conditions and covenants ~n aa~d prom~ssory note and th~s morigage set fwth. 9. That in the event the ownership of the mortgaged premises, or any part thereof, becomes vested in a person othe? than the MORTGAGOR, 1he h'ORTGAGEE, in successors and ass~gns, may, withouf noi~ce to the MORTGAOR, dea~ wiih such successw or successor in interest w~th reference to this ~~o~~gage and tne debf Ae~eby sewred in the same manner as w~th ltiortgagor wl~hout in any way vinating or d~scharging the Mortgagori liability herr vnder or upon tFw debt F~ereb~ secvred. No sale of tf~e Fremises hereby mor?gaged and no forbearante on the part oi tF~e /~IORiGAGEE a its successors or ass~gns and no exrension of rhe t~m¢ for rhe payment of rhe debt hereby secu~ed geven by the MORTGAGEE or its successws w assigns, atiall operate ro re~ease, d~scharge, modify change a atfect the origlnal liability of the MORTGAGOR herei~, either in who!e w in part. 10. It is apec~fically agreed ~hat time is of the essence of this contract and that no waiver of any obligation hereunder or of the obligation sr c~red hereby.sha(f at any time thtreafter be he~d to be a woiver of the terms hereof or af the instrument secwed herby. l t. In add:rion to the for~jo:n? rnonth!y payments of princ pal and 'en!~rest req~ired by 1he prom~ssory no!e s~cured her~b/, mortgagor eovenaMs d agrees ro pay to mo:tgagee with each momh~y ~yr :ent an add~r;onal sum est~n:ated by mortgagee to be eqvai ta 1, 12 of the annual cost of the fol:ow- , ;y: . ' . A-A11 rea( prope.ty taxes levied or assess~ci agai~,st the above described real esrate. B-Prem~u:ns on f,re ar,d windstam ~nsuran~e as nere~n requued to be carried on the +mprovements s~tuate on the above dascribed premises. C-Premiums on suth mortg3ge g~aranty ir.surar~cr as mortgagee shail from t:me to time deem fit to carry on the loan secured hereby. Morfgagee shall from ti:ne to t;me notiSy mortgager in writing of the amount dve and payabie hereunder and such sum shail thcreupon 6e due and ;~.able an rhe due dara of rhe ne:t monthiy payment and each success~ve month thereaiter ur.ri~ mcrtqagee shall notify mortgagor of a change in wch ~.eunt. Such wms shall be appi~ed by mortgagee to.vard the paymeni of real proµerty taxes, insurance pr~m:ums, and mortgage guaranty insurance IN 17NESS NJHEREOF, the sa;d OR7GAGOR has hereunto set his hand and seal the day and year irst afore ' g ed and deS'v th pre ce of: ~ . ~ W L S Seap - G • Russak~a f~aq ' ~ / i d] Ly,i SSea~ w t ess Sheila F. Russ kis ~~a~~ STATE OF FLORIOA ~ St. Lucie u- ~OUYTY OF _ ~ Befwe me personafly appeared J~II G. Rusaakia a~ _ S tw ila r' • R 11s8~C~.S his wife, to me welt known and know~ to me to be rhe individuals described in and who executed the fwegoing instrvment, and acknowledged before me that they executed tF~e same for fhe purposes therein expressed. Md the :aid $hfi~ r' • R1lSS8~: ~:tfe of ttx said •j~ Ca• Russak = 11~~~ ~~~~~b~, nr~te s =.am~nation by me taken separate and apart from h r said hus and, ack o and before me thal she executed said ~~{r~r#~fl~~y ~ ranly and without any compulsan, constraint, ap ar or from lier sa husband. ;...~...~~f~~~ WITNESS my hand and offitbal seal this day of Q tQ~~@r i. I~" D. ~ ~.f. , ~ , ~ Notary Public in and for t e State of :Flyt]Ila' it f • Return To: My Commissio~ expires: : ~ r~. ~ First Federat Savings b Loan Associatlon H(3IANti ~ U::UC.STITF ~~iitjt;Aat IAROE~~' 4~?~ Of Furt Pcrce. A'Y COS14:1S510N EX::n-`• 1~11. 7. 191~_...•••~.~~- Fo~+ v~e~ce. Flor~da ti:rr~dad [iy AmErican Kan~rrs tnsor~nce ~o,.; ~ ~ ~ F~lEO r.y_ „~~uR0E0 - ST.LUCi~ ~~'~~~~,aS~A. ' This Instrument Prepared By ~YY F• gllwood F~~~•~. ~ First Federal Savings 8 loan Association Ctf ~ K^_.. ~`'~}Rj . of Fort Pierce ~ FlOZ~da Pf ` " Checked 8y ~ ~~j ~ J ~a ~ 800K ~~~7 P~f,i 804 2s4~86 sb ~ _ ~ r _ - ~ - - -I _ _ ~ _ _ . _ _ _