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Home My WebLink About2459 To p(ace ar.d caitinuo~fiy keep a~ the bui'el:~~gs ~ow or heceafter ~iWate on sa~d land and on ali equip~nrM and personally covrred by this mung- •g~, with atl p~enriums thereon pa;d in fu!!, the inswance in tM usu~l standard policy lorm, in a•um approvrd by ~he MOR+~AGEE, and w~ndstorm inturante in the usual ttanJard pof+cy fam, in • ium approved by the MORTGAGEE, in such tompany or compan~es at the AtORiGAGEE may direct; ~nd all fire and w:ndswrm insurance polic~es an any of sa~d buFld~ng~, ~ny in~erest fhrrein or parl thereo~, in the aggregarn ~um aforesa7d a in excess Ihereof, shall con~ain the usual s~ande~d m~:~gagee clause or such other d~use as the Mor~gayee may requ.rs, ma?iny the loss unJer se~d polr . cies, ea:h and every. payable to sa~d MORTGAGEE ai ~ti interest may appaar, a~+d each and every svch patky shall be prompr~y ass gned a~~d de~~~or~d ~o • ~ny held by said MORlGAGEE as ~wiher security ~o ssid mor~gage Jebt, and, nof l~ss than ~en (f0) deys in advance of fhe expiraffon o4 each pol~cy, to ds- , liver ro said MORTGAGEE a ronewal thereof, togNher wi~h s rete~pt fa Ihe premium of ~uch renewal; aod there ahafl be no t~re or ,tiir~dirorm in~,~rance plsted on any of said bvi7dings, any interest therein or part therMf, un~ess in tM form and with Ihe Ioss payabte as aforetaid; and in the event any tum of money becomes payable undsr such poticy a policies se;d h10RTGAGEE shall have ihe opt~on 1o receive and appiy tha ume on acco~nt oi the i~~debtrd- neu fKUr~J h~rQby O~ to permit sald MORTGAGORS ~o reteive and use il o~ any pa~t thereof tcr o:}tcr pw~~osrs, ~•::iho.:t ihe,~u~ ,va;~; ~9 cr ~~~~pa~r- ing any ~quily, lien w iight under or by virtue of lhis nw::gage; and in the event said MORTGAGORS shall fw any reaso~ fail to keep tl~e sa~d prem~s~•s so insured, ot fail to defiver promp~ly any of aaid policies of i~su~a~ce 1o said MORTGAGEE, or iait promp;ly to pay fu;ty any pre~ni~m thrre?or or in any ( ~espect fait to per?orm, discharge, erecute, effecr, canpleir, comply wi~h and abide by this covenaN, er any pan hereof, said MGRiGAGEE may piace and pay ta tuch inaurance or any part ~hereof w~~iwut waiving or af(ecting any op~ion, lien, equiey, o? right under o~ by v~rwe of ~his Mortgage, and fhe full amount of each and every suth payment shall be ~mmcdiately due and payabte and shall bear inte~esr from tM dste ihcreof uoiil pa~d at ~he rate o~ nins per cen~~m per annum and to~rthrr wi~h svch interest shaL tx secuied by the lien of this morigage. t' y. To permif, commit o~ suffet no waste, impairmeM or deterio~ation ot said property w any parl thereof. S. To pay all and singular the costs, charges and e:pensea, including a reasonable attorney's iee and cosrs of abstracts of title, incurred o~ pa~d at any time by sa~d MORTGAGfE, because or i~ ~he event of rhe failure on the part of ~he said MORTGAGOR eo duty, pranp~ly and fully perform, d~scharge. execute, eiteu, complete, comply w~fh and ab;de by each and every the atip~latwns, agreemenTS, cond~tions, and covenan~s of said p~aTissory note and zhl~ mortgage any or ei~her, and sa~d cosrs, charges and expenus, cach and every, shall tre immediatety dur and payabte; whe~her a not rhe~e be no~~ce dr mand, attempr to co!lect or suit pend+ng; and rhe full amount of each a~d every such payment shall bea. in~erest from ~he dare thereof until pa~d at the ~ate of nine per centum per anuccn; and all said costs, cnarges and ex~enses incurred w paid, together wdh such i~terest, shrli be secored by the tien of thi~ mortgage. 6. fiat (a) in fhe event of a~y breach of this Mo+tgage or defaull on the part of the MORTGAGOR, or (b) in the event any of sa~d sums of money herei~ referred to be not promptly and fulty paid w~thin th~rty (30) days nex~ af?e~ ~he same severaliy bec«ne due a~d payabte, wi~hou~ demand or nonce, or (c) in thr event each and every the stipuiat~orts, agreemeots, condlrions artd covenanta of sa:d promissory note a~xl th~s mortgage any o~ either are not july, promptly and futly pertormed, d~scharged, executrd, effected, canpleted, complied with and abided 5y, then in e~ther w any such event the sa~d ag gregate sum rrKntion¢d in said promisswy note then remainirg unpaid, with interest accrued, and aIl moneys setu~ed hereby, shall become due and pay abde fwthwith, or thereafter, at the opt;on of sa+d MORTGAGEE, as fvlly and completely as if all of the said sums of money were onginally stipu~ated to be paid on such day, anytF.ing in aa:d promissory note or in this Mortgage ~o the co~~rary notwithstand~ng; and thereupon or thereafter at ~he opt~on of said MORTGAGEE, without not~ce o? demand, suit at taw w in equ~ty, therefore a lhereaiter begun, may be prosecuted as if all moneys secured hereby hsd matured pr~w to its institution. 7. That in the e~ent that at the beg~nn~ng of or af any time pend~ng any su~t upon this Mortgage, or to foreclose if, w to refwm it, or to e~force payment of any tla~ms hereunder, said MQRTGAGEE shatl bpply to the Court having jurisdiction thereot for the appointment of a Receiver, such Covrt shall forthwith appo~M a rece~ver of sa;d mortgaged property all and singular, includmg aU and singu~a+ the income, proios, i~sves ar.d revenues irom whate~er source derived, each and every of which, it being expressty understood, is hereby mortgaged as if spec~fically set forrh and descnbed ~n the graniing and habendum dauses hereof, and such Receiver shall have sll the broad and effeaive fvncr~ons and powers in anyw~se emrustrd by a Courf to a Receiver, and s~ch appointment shall be made by such Court as an admilted equity and a matter o( absolute r~ght to said MORTGAGEE, a~d w~thout reference to the edequaty w inadequaty of the vatue of fhe property mwtgaged or to the so~vency or in:olventy of said MORiGAGOR w the dete~~dants, and ihat such rents, proiits, income, issues and revenues shall be appl~ed by suth Re:river accord~ng to the iien or equity of said MORTGAGEE and the practice of such Court. 8. To duly, promptly and fully pe.form, d~scharge, execure, effect, compfete, compfy -with and abide by each and every tbe stipuiations, ag~eements, ccndhions and covenanis in sa~d promissory note and th~s mortgage set fwth. 9. That in the event the owne~ship of the mortgaged prem~ses, or any part thereof, becomes vested in a person other than the MORTGAGOR, the rtORTGAGEE, its successors and ass~gns, may, without ~otice to the MORiGAOR, deat with such successor or successw i~ interest with reference to this R~orrgage and the debt hereby secur2d in the same manner as with l~ortgagor without in any way vitiating or dixharging the Mwtgagors' liability herr under w upon the debt hereby secvred. No sale of the premises hereby mo~tgaged and no forbearance on the pan of the MORTGAGEE or its successors cr assigns and r.o exre~sion oi the rime for the payment c! the debt he.eby secured given by the MORTGAGEE or its successors or assigns, a ull ope~ate ro releax, d~scharge, modify change or aifect the ongina{ liau;t~ty of the MORTGAGOR herein, eithe~ in whole or i~ part. 10. It is specificalty agreed thal time is of the esserte of this contraU and that no waiver of any obligatio~ hereunder w of tfie obligation se- cured hereby shall at any time ther°afier be heid to be a waiver of the terms hereof p of the instrumenf secured herby. i 1. tn add:tio~ to the foregdng momh!y paym~rtts of p.;nc pa~ and i»rerest requ~red by the promissory nore secured hereby, mortgagor covenants and agrees to pay to mortgagee with each monrh~y payr:~ent an add~rional sum esnn:ared by mortgagee to be equa~ to 1; 12 of the annval cost of 1he foUow- in~: A-All real property taxes levi~d w assessed agai~st the above describFd rra! estate. B-Arem~ums on f,~e and w;r.dsronn ~nsurance as here~n reqv;red to be tan~ed on the :mproveme~ts z:tuate on the abovc d=sv~bed premises, C-Premi~ms on such mo:tgage guaranty ir.wrar:ce as mortgagee shail from t me to time deem fit to carry on the loan sewred hereby. Mortgagee shaii from r~~ne to r~me ~otify mortgagor i~ writ~ng of the amount d~e and payable hereundrr and such sum shall thereupon be due and ~ayable o~ the due darA of rhe neRt monthi~ payment and each svccessive month thereairer ur,tii mortgagee shalt not~fy mortgagor_ of a change in such a nount_ S~ch sums sFa:i be app~ied by mortgag~e toward the payment of real properr~ taxes, insurance prem~ums, and mortgage gu3ranty insurance s• ' 1 •l~lTNE55 Y1HER F, the s"d MORTGAGOR has hereunto se! his hand ar.d seal the day and year rst afore ' ~ led a eliv p e ce of: , , a'r ; ~ ness • Pe.ul E. J i (~s~) - ~ " t~! (Sea~) i Wlt @SS l5eaq ~ ~ i STATE OF FLORIDA St . Luc ie f COUNTY OF ~ Before me personally appeared P1~U~. E. .~C(~Ulfl ~ o . r Cheryl A. Jacquin his wife, to me well known ~nd t~novypto.p~e t~ b6• ~ the individuals described in and who executed the fwegoing instrument, and acknowledged before me that they executed tF~j i~yiiP~'Fw t~e pL~~p % Cher i A Jac uin - E therein expressed. And the said y • q - ' = ~ wife of the said q ~ P8111 E. .7dC IIlri j•s ~aral~~nd }~i'v~p~- ~ j examinat~on by me taken separate and apart from her aid hu ban , acknowledged to and befwe me that ahe exetuted said i~lstturwep~re~ly a~d~~olJn~ ' ~ tanty and vi~thout any compusion, constraint, aopre f or from ber said husband. " WITNE55 my hand and offiual seal ~h~s_ d of ~tober ' ~~~9 ' ~ . ~ y Notary Public in and fw the State of fbrid~~i4~..}fQe My Commission expires: Retum To: NOTARY PUP.LIC. STATE oi F10~~DA at IARGE ; First Federal Savings d~ Loan Associat;on bSY COh15:iSSION EXFIFES 1~+~1. 7. 197~ S Of Fort P~erce. ...t:9~,, By Amencsn ~~~~r~;ppc~ fort Pierce, Fior~da ~/a,~~ ~ FILEO AKO aEC ; st.wc~E cov~r~r~. ~j ~ : This Instrument Prepared By Gary F. E11woa[f Rpr,E~i pOtTiiA; l' J/~ First Federal Savings 8~ Loan Assotiation CLERK C~KCJi1 C~1~~ ~i~ ~ of Fort Pierce ~ Florida oEGOR~ Y_ Checked By ~ '1 R ~ ~ ~ 3~ M17 ~ i~ sx~ ~sE F sb 7 [ . . . . . . . . ~ ~ . _ ~ ' 'ti:-_' " . . - . . _ _ ' ~