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Home My WebLink About1462 9. To ptace and co~t~noovs~y keep on the bui'd~ngs now o~ hereafte~ ~Iwete on sa~d ~and and on all equip~~~ent and penons~~y cavered by thi~ mortg- ege, with •II p~~miu~nf thereon pa:d in 1u11, f~re insuiante in the wual sta~~ard poiicy }orm, in • sum appro~ed by the MOR~GAGEE, and w~~dstoim insursnce in tM vsuai i~andord pol:q form, in a sum approved by ~he N50RTGAGEE, in •uch tompan~ or tompsn~es +s tha kIORTGAGEE may dircct; and all fire and w~ndstorm insura~ce pol~cies on any af sa~d buitd~ngs, any inleresl the~ein or part the~eof, in Ihe agqregate sum a(oresaid a in extess thereoi, shalt con~ain ~he uiual standard morTgagee c~suae or such other dause u ~h~ Mo~t9agee msy ~equ~ro, maAing the Ioss u~der sa~d poit cies, each and every, payab!e to said hIORiGAGEE ai ~ts inrerest may appear, and each and every ~uch pol~cy shatl lx prompNy ass gned and de~~verrd to ~ny held by sa~d MORiGAGEE as further security to said mor~ga~e deb~, a~d, not less ~ha~ ten (t0) days in ad~.aoce of ihe e:p~rat~on o1 each po6cy, to da liv~r 1o said MORIGAGEE a renewal thereof, togeiher wi~h s rece~pt fw the p~rmium of wch renewal; and ~here shail be no fire o~ w~nda:o~m inswance p~xed on any of said buildings, any interest therein or pa~t ~hereof, unless in tFK fonn and w~ih the loss payabte ai aforeseid; and in the event any sum of money bcco~nes payable under suc6 po~icy or poGcies sald MORTGAGEE ~hall have the op~ion to receive and appty the same on atcoum of ~he indabted- ness aewred heraby or to permit said MORTGAGORS to receiva and ux it w eny pa~t thereof for oan~•r Nu.~,osrs, v,nho~~ ~h~~.u~ w~~~~~~g c~ ~~~~F.~^ ing any equ~ty, lien or r~flht under or by virtue o~ thit mor!gage; and in tha event sa~d MORTGAGORS ahall (or any reason fail to keep the sa~d p+em~acs w insured, o~ (ail to deliver prpmptty any of said polities ol insurance to said MORTGAGEE, o~ tail prompt~y to pay fully any prcmi~m therefor or in any iespect (ail to perform, discharge, e:ecute, ef(ed, tanp~ete, tomply wi~h and abide by thii cove~ant, or any parl hereoi, sa~d MORTGAGEE msy piate a~~d pay fw iuch insurance or any pan thereof w~~hau? waiving or aifecting any option, lien, equ~ty, w r:ght under w by vir~ue of this Matgage, and the fufl amount of each snd eve~y such payment shall be immcciiately due and payabte snd ihall brar inferesl from ~he date thereof un~il paid at tbe ra~e ol n~n~ per cenrum Fxr annum and togethrr wiih such inte~est shaii be secured by the lien of Ihis mortgage. 1. To permit, commit a suffer no waste, impairment w deterioration of aaid property o~ any part thereof. 5. To pay all and singular the costs, tharges and expenses, including a reasonable attorney'~ fee and costs o~ abstratis of title, incurred o~ pa~d at any Iime by said MORiGAG'.E, because or in the event of the (ailure on ~he par~ of ~he said MORTGAGOR ~o duly, promptly and fu~ty perform, d~scharge. execute, effecf, complete, comply w~th and ab:da by each and every ~he stipulanons, agrrements, conditions, and covenanes of sa~d prom~sso.y note and thi~ mortgage any or either, and said costs, chargei and expenses, each and every, shsH be immediately dve arsd payable; whether or not there be nonce d~ mand, attempl to cotlect or suit pend~ng; and the full amount of each and every such payment shal~ bea~ interest irom the date thereof until paid at the ~.,ie oi nme per centum per an~wT; anc all said costs, thar9es and eaoenaes ~ncurred o~ paid, together wah such interest, shall be secured by the lien of thii mw!ya9e• 6. That (a) in the event of any breath of this Mortgage or default o.~ the part of the MORTGAGOR, or jb) in Ihe event any of sa:d sums of money herein refe~red to be not prompely and fully paid wiehin th~rty (30) daya next ateer the_same seve~ally become due and payabte, wiihout demand w no~ice, or (t) in the event eath and every the stiputations, agrr_ments, conditions and covenanta of sa.d promissory note and th~s mortgage any u eithei are not iuly, promptly and futly performed, d scharged, exec~ted, effected, ~ompleted, complied with and ab~ded hy, then in e~ther w a~y such event the sa~d ag- gregate sum ment~oned ~n said promissory note then remaining unpaid, with interest actrued, and atl moneys secured he~eby, shall become due and pay- ab;e forthwith, or thereafter, at the option of sa~d MORTGAGEE, as fully and complerely as ii all of ~he said sums of money were or~ginally st~p•~~ated to be pa~d on such day, anytheng in sa:d promissory note or in this Matgage to the contrary notw~thstanding; aod thereupon w thereafter at the opt~on of satd MORTGAGEE, without norice or demand, suit at law w in equity, therefo~e or thereafter begun, may be proucuted as if all moneys secured hereby had matured pnw to us emteut~on. 7. That in the event tl~at at the beginn~ng of or a1 any time pe~d~ng any su~t upon this Mortgage, o? to faeclose it, or to refum it, or fo eniorce payment oi any daims he~e~nder, aaid MORTGAGEE shall apply ro the Cou~f having ~u~~sd[c~ion thereof fw the appoiromeM of a Receiver, suth Court shall forihwith appoint a receiver of said mortgaged proptriy all and singular, includ~ng a!t and s~ngular the income, pro(its, iss~es and revenues irom whatever source derived, each and every of wh~ch, ~t ue~ng expressly understood, is hereby mortgaged as if speufically set Iwth and described in the 9~anting and hai~endum cla~ses hereof, and such Receiver shall have all the broad and effective funct~ons and powen in anyw~se entrusted by a Court to a Receiver, and :_ch appointment shal! be made by auch Court as a~ admitted equity and a matter of absoture right to uid MORiGAGEE, and witho~t refere~ce to the adequaty or inadequacy of ihe vatue of the property mortyaged or to the so:ver-cy or ~nsolvency ol sa~d MORTGAGOR or the defendants, and that such re~u, profits, irxome, issues and revenues shall be applied by such Recriver accord~ng to the lien or equ~ty of said MORTGAGEE and the practice of such Court. 8. To duly, promptly and fully perio.m, discharge, execute, effect, com.plete, compty wi!h and abide by each and every the stipulations, agreements, co~ditions and covenants ir. sa~d promissory note and this mertgrge set forth. 9. That in the event the ownenhip of the mortgagcd premises, or any part thereof, becomes vested in a perwn othe~ lhan the MORTGAGOR, the ~:,ORTGAGEE, its successors and ass~gns, may, witho~t notice to the MORTGAOR, deat w;th such successor or sw_cessor in interest with referer.ce to 1h:a mortgage and the debt hereby secured in the same manner as with Mortgagor without in any way vinating or diuharging the MOrtgagori tiability hero- ' vnder o~ upon the debt hereby secured. No sa?e ef the Frem~ses hereby mortgaged and no forbearance on the part of the MORTGAGEE or its successws or ass~gns and no exrens~on of the time for the payment of the deb+ hereby secured given by the MORTGAGEE or its successors or ass~gns, ahall operate ro release, d~scharge, modify change or affect the orlg~nal liab~iny of th~ MORTGAGOR herein, either in whole or in part. 10. ft is speciiicalfy agreed that time is of the essence of this contract and that no waiver of any obligation hereunder or of the obtigation se- cv:ed hereby sha;~ at any time thereafter be hc!d to be a waiver of the terms hereof or of the ins~rument setured herby. 11. In a;ici ncn fo the forego'nq mon!h!y paymen4 of princ pai and inreresr requ~red by the prom~ssory ~o~e secured hereb~, mortga~or eovenants ~nd agrces to pay io ~~o:rgagee v.ah each rnonthiy payr ~ent an adct ronal sum esr a,ated by mortgagee to be equal to 1;%12 of the annuai :ost oF the follow- i A-AI! real Yroperry raxzs levied or assessed agai~st the above descr~~~d real estate. 'i B-Fr~-m~urns on Eue and windz~o~m ~nsurar~e as her~ln requ:red to be carried on the improvements srtuate on the above described premfses. C--Pre~aiw~s on such mo.tgage guaranty ~r.surar:~e as mc-tgagee sna(1 fro~r. t:rr.e to time deem fit to carry on the loan secured hereby. I 1.lortgagee sha:! f.om t~rne to n:ne no~ify mortgagor ~n wr~tmg of the amou~t d~e and pjyabte hereunder and such su:ti shal! rhereupon be due and :~yable on the due ~are of the ne~t n,onth:y payrr.eni and each svccessive moroh th~reafter urail mortgagee shall notify mortgagor of a change in such ount. $uch su:ns shaii be appGed by mortgagee ro.•.ard the payment ef reaf property taxes, insurance prem;ums, and mortgage guaranty i~surance •emiums. ~ IN Y~ITNE55 V'lHEREOF, the sa~d MORTGAGOR has hereunto set his Fi.jr,d and seai the day a year first aforesaid. ~ Signed, Sealed and delivered in the presence of: ~ _ Qn~w..~ ~ VQ/L-~ Seal) (Sea4 d a i (Seal) a - (Seal) ~ ST:+TE OF ftORIDA 1 _ ~ COUNTY OF St. Lucie ~ ~ Samuel F. Varn, A Single ~dult ~ ~ 8efore me personally appeared ~ ~(~g{~]~to me well known and known to me to be ; tne individ~aia dexribed in and who executed the foregoing instrumeM, and ackrwwtedged before me that,iher execWed the sa+EN`~bI'~~'pyrposes y ~ rherein exprsxd. 1~6~[l~C !1@ " 1` C ' ~ " •i- 3 • ~ Y WYI • ` V~ ~ < ~ ~ 1 ~ t~. ~ WITNESS my hand and offit~al seal this ~ day of October 5 ' A~ D. ~ _ ~ j v . _ ~ ` • ~ ! _ kotary Public in and for the Stat Q( Ff~rAAs, at La~e =x My Commiss'wn eapiros:~ < ~ - ' Re :~m To: . ~ j/~ . F first Federal Savings a Loan Association ~ , ~ ` Of fort P.erce. ' fort P~erce, Fionda , ' d. S~ ty~~COUM~r - ROCER POITR~y~ A. This Instrument Prepared By Richard K. Kayes RECORp y CInCUIT COURT First Federal Savings 8 Loan Association E4iF~ED~~ of Fort Pierce Checked By ~ ~ ~ ~ 'T 3 ~ 219 ~r,~~ 1~61 2654'7s ~f . gO,,K ~i _ _ _ ; . , _ . ~ _ . . . . . ~ . , _ _ , ~ ~