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Home My WebLink About1180 . , ' ~ . . • 3. io place and continuously keep on the bu~'d~r.gs ~ow or hereafre~ e~tuate on sa~d land and on alf equipmeN and personally covr~ed by thi~ mor~g- age, with ali premiumt the~ wn pid in i~:i, f~re inw~ence in the usw~ itar.d~td po'ky (orm, in a wm aHprovrd by the NOR~GAGEE, and windsto~m insurance in ~he usual sTa~~da~d po:~cy form, in a sum approved by ihe MORTGAGEE, i~ such company or compan~es as ~he htORTGAGEE may d~rect; and aU fire and w:nJstorm insuronce po~icies o~ any of sa~d build.~gs, any interest therein o? par~ thereol, in the aggregere s::m afo~esaid or in exteu Ihercof, shall cont~in ~he uwal atandard mortgigee dause w svch oiher dause as the Ato~tgagee mey req~~re, ma?ing the coss v~dr~ sa~d po~i- cies, each and every, payab!e to said MJRTvAGEE as ~ts ~nt~rest may appear, and each and every such poticy sha11 be promptly ass g+~ed a~~d de~~Yer..~d ~o eny held by sa~d ~1AORIGAGEE as furthe~ security to said mortgyge debt, ar,d, not less than ten (10) deys in advance of the expirat~on of rach pol~cy, to dr I~ve? to said MORiGAGEE a renewal ~herEOf, toge~her w~th a rece~pt for the premium of such renewal; and there sha~l be no f~re or w<<~dsturm insurance plated o~ any of wid buitdings, any interest ?herein or part thereof, unless ~n fhe fo~r and wnh the loss payable as aEo~esaid; and in the evenl any sum of money becanes payable w:der s~ch poGCy or pol~cics said MORTGAGEE shali have ~he opt~on ro receive and apply the same on accoun~ of the indebtcd- ness secured hrreby or to parm~t said fAORTGAGORS to receive and use it or any pa~t th~•:cof for oth~•r ~,ur~~~srs. ...~n~,;t rhr..~. .~.:~v~ ~3 or r~~~:.~r- ~r.g any equ~ty, I:en or riyht under or by virtue of thh mor'gage; ard in the evrro sa d h10~2TGAGORS shall for any raason fail ro kcep the sald p~e~n~s ~s so ir.wred, ot fail to de;iver pro~np~iy any of said pofcies o1 insuran~e to sa~d MORiGAGEE, or foi! promptly to pay fuily any pr_nu~.m therrfor or ~n a~y respec~ fail to pe~fwm, d~scharge, exec~te, eifecl, canplete, coa~ply wiih and abide by th~s cove~ant, or any part h.:~eof, Said MURTGAGEE may p+aa~ a~o pay for tuch insur,nce or any part thereof w~~hovt waiving or affecting any opuon, Iien, equ~cy, or ri~M under or b~ v~rtue of th~s Mortgage, ar,d thc t~fl amoum of each and every wch paymam shall be immed~ately due and payable and shall brar interest 1rom ~he date thercof until p~~d at ~he ~ate ot n~ne per cenwm per annum and to~rthrr with svch interesr shail be secured by the lien of Ihis mwtgage. 1. To permil, commit or suffer no waste, impairment or deteriorotion of said property or any part thereof. S. To pay all and singutar the coats, charges and expenses, including a reasonabie attorney'a fee and costs of abstracts of title, incurred or pa~d at any time by said MORTGAG~E, because or in the eve~t of the failure on the part of the said MORTGAGOR to d~ly, pro:np~ly and f~~ly perform, d~scharge. >xecu~e, efiect, canptete, comply wnh and ab:de by each and every the stipulat~ons, agreements, conditions, and covenants of sa~d prom~saory note and ~his mor~gage any or e~ther, and sa:d costs, charges and expe~ses, each and every, shall be immediately d~e and payable; whe~her w not the~e be nonce d~ mand, attempt to co~lect or suit pending; and the full amount of each and every such payment shall bear interest from the date thereof untii paid at the r,,te of n~ne per c<ntum pvr an~~u.n; and ail said costs, ct:a:ges and expanszs inc~ned or paid, together w~th such interest, shall be secured by the lien of this morlga~e. 6. That (a) in the event of a~~y breach of this Mortgage or defauit on thz part of the MORTGAGOR, or ~b) in the event an/ of sa:d sums of money herein ~eferred to be r,ot prompNy and fully paid wi~hin thlrty 130) days next afrer ttie sa~»e severauy becwne due and payabie, without demand or notice, or (c) in thr event each and every the stipu:ations, agreements, condrtia+~s and covenants ot sa.d promissory note a~~d th~s mortgage any or either a~e not ~uly, promptly and f~lly performed, d.scha~ged, exew!ed, effected, tanpleted, compGed with and a6lded by, then in e:the~ or any wch e~em the sa~d ag~ g:egate sum mentio:~ed in sa~d promissory note then ~emaining ~r.pa~d, with irte~e~t accrued, and a~l moneys secured hereby, shall become due and pay ab~e fo~thwith, or ~hereafier, at the optlon of said MOR7GAGEE, as fuity and complefely as if aii of ti~e sa~d sums of money were or~ginaily snputated ro be pald oo such d~y, anything in sa:d prom~ssory note or in this Mortgage ro the contrary no~withstand~ng; and thereupon or therea`ter at ~he op~~on of sn:d MORTGAGEE, wiThout noh:e or demand, suit at taw or in equuy, ~herefore o~ thereafier begun, may be prosecuted as if all moneys secured hereby ~.:d matured pnor to ~ts instit~t~on. 7. That in tha event that at the beginning of or at any ti~ne pend~ng any su~t upen this Mortgage, w to faeclose it, or to reform it, or to enforce payment of any c'a~:n: here~ndrr, so:d MORTGAGEE shail apply to the Court havir.g jurndktion thereof for the appo~ntment of a Receiver, wch Cou.t shaf~ i~rthwith appcint a rece~ver of sa~d morrgageci property all and sing~iar, indud:ng ait and s~ngu~ar the irtcon+e, profas, issues ar.d revenues from whatever sevrce drrived, eech and every of wh ch, it be~ng expressty understood, is hereby morrgaged as if spec~lical~y set fonh and descnbed in the granting and h~bendum dauses hereof, and such Receiye~ shall have al: the brcad and effect:ve func~~ons and powers in anywise entrusted by a Co~~t to a Receiver, ar.d s_:h appointment ahall be made by such Cou~t as an adn:~ttrd eqvity and a marter of absotute right to said MORTGAGkE, and witho~t ?eference to the adequacy a inadequacy of the valve of the property mortgaged or to the so:vency or ~nso~vency of sa~d MORiGAGOR a the detendants, and that such ~_~.rs, profits, income, ~ssurs and revenues shall be appi~ed by such Rece~rer accord~ng to the lien or equity of sa~d MORTGAGEE and the proctice of such Court. ~ B. To duly, promptty and fu~ly pe~form, d~:tharae, execute, effect, comp:ete, comply wifh and abide by each and e~ery the stipuiations, agree~nents, _onditions and covenants ~n sa~d promissory note and this mortgaye s~t forth. 9. That in the event the owr~ershlp of tne mortg?ged pren,ises, or any part thereof, becomes vested in a person other than the MGRTGAGOR, the :'~RTGAGEE, its :uccessors ar,d asvgns, may, without no~~ce to the MORTGAOR, deal w~th such successor w successor in interest with relerence fo this r••,orrgage and the d=bt hereby secured in the same manner as with tdortgagor w~thout in any way vitiating or d~scha~gi~g the Mortgagori liability I~err vnder u upo~ th> debt hereby sec~red. No sale of !he premises hereby morigaged and no forbearance on the part of the IdORTGAvEE or i:s successws or ass~gns and no eztens~on of fhe time fo~ the payment of the debr he.eby secured given by the MORTGAGEE or its successors or au~gns, a~ ail operate ~o reiease, d~scharge, modify change or affect the orig~na~ liab~lity of the MORTGAGOR herein, either in whole w in part. . 10. It is speufica~ly aareed that time is of the essence of th~s tontract and that no waiver of any obt~gation hereunder o+ of the obligation se- cured hereby shal~ at any time thcreatier be heid to be a waiver of the terms he~eof or of the instruinent secured herby. 11. In add.t:o? to th~ foreqa ng month;y payments of pri~Cpal and interest requ~red by the p~omissery nole secured hereby, mortgagor covenants ~~d egrees to pay to ~r,o:igagee N.~th each mcmh!y pa~~.~e~~t an add:rional sum es~ ~:a~ed by m~rtgagee to be equal to 1, 12 of the annual tost of th? follow- A-All real property taxes lev~ed or assessed aga~~~st thc above describ:d real estate. B-Fre:*:;u•ns o~ f~re and wii:dstonn ;~wra~:ce as ne¦e~n requ.red ta be ca~ried en the improvemeats s~t~ate on the above described premises_ j C-Premiu,>s on zuch mort~,ge g~a~anty ir.w.a~„e as mo*tg~gee sha11 frem i me ro hme deem fir to carry on the loan secured hereby. ` f h',ortgagee sha:t from nme to sime notify morrgagor in wr:tl~g of the amou~t d~e and payabie hereundrr and such sum shatl thr:eupan be due ar.d . c j+abte on ti~e du4 dare of rhe next mon!h;y paymem and each success~ve mo+~th thereafrer ur,ti! mortgagee shal! not~fy r.wrtgagor ot a change in such ~ ount. $uch sums s~i~i be apFi~ed by mongag^e :or.ard the payment of real prope~ty taxes, insvrance prem:ums, and morigage guaranty insurance E ;:-emiums. ~ IN :'l1TNE5S '+1HEREOF, the s~~d FAORTGAGOR has hereu ~to set his hand and seal the day and year f' st foresaid. ~ S~gned, Sealed and de!ivered in the presence ofe FILEC AM!` !;EC~RDFO -j~J ~ Y an ~ ST LUCiE COUNT!' F~A, e. - ~a~ ~ _ R^CEr ~c~iTRAS ~ ~ j I Ct~FlC CIRCU~t COURT~ {Seal) ~ Rcrn~- c ~ ~ ` s (Sea{) ~ STATE OF FIORIDA ~ v Zv ~+~'73 ~ ~OUNTY OF St . L-UC1 G' _ ~ 26~L~5~ ~ ~ Befwe me personalfy appeared iJinfred L.. uc1IlI'.O~/ and ~ Lorraine D. Vanno _ y _ his wife, to me well known and known to me to be ~ !hr individuals described in and who executad the foregoing instrument, and acknowledged before me that ihey executed the same for the purposes ehere~n expressed. And the said Lorraine D. Vannoy _ ~ .~lin£red L. Vannot~ ~ r::!~ of the said upon a separate and private ~ e.am~nat~on by me taKan separate ar.d apart irom her said husband, ack.~owiedged to and before me that she executed said instrument free~y and volun- 'r ~•~!y and w'~thout any compulsion, constra~nt, apprehens[oq, or fear of or from her said husband. ' .s!` ~ OctobQ 73 WIiNESS my hand and official seal this__ - day of A. D. 19 ~ ~t ~ Notary Public in'ar+d for t}?e ~State of Florida at large ; My Comm~ssion expires: J~,.~-' 9 J~ ' ~g Retum To: 3 first Federal Savin s b loan Associat~on - Of Fort P rce. , ~ , . , "*t ~E .~f .^i• RiOA at tARG2: . r ' Y9yl' - ' ,ii i! t i.E!k~y~ ;'Y.,.i~ ~ . - ;ic Fon P~e•ce, ficr~da ~ ~ ~ ~ -};,t5 {Ml+Td110o , = " . ~ t 1~_.:K.7 ~ f ~~;i _ ' • . - . This Irstrument Prepared By Richard I~. Kayes ' ~ - ~ First Federal Savings & loan Association - ~ of Fort Pierce ~ ~'~orida ~ = ? ' J Q R PA~f~~~ ~T~~t. 80L~K ' ~E ~ Checked By " ~ ~xe`-r~ 9^`,~ . • `l-c~ . . . . ~ . . . . . . ~ v +d~Y_ ~ . . ~