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Home My WebLink About1732 3. To p~ace and continuously keep on rhe bui!dir,gs now o? he~ea{ter ~~tuate on sa~d isnd and on aU equ+p~neN and perso~ally tovrred by thiti mo~~g- ege, with ail premi~ms thereon pa~d in full, f;re ~ne~rance in the uival s~~~~da~d po~~cy form, in a aum approved by Itie M.ORIGAGEE, and wfndirorm ~nsuronce in ~he usual standard po!:cy (orm, in a sum approved by the :NORTGAGEf, ~n ~uch compsny or co:npan~ea as ~he MORiGAGEE may ~ d~rech and all iire and w~nJsrorm in~~rance poGcies on any of sa~d buildngs, any interest tiure~n or par~ ~hereof, in the aggrega+e sum aforesa~d o~ ~ in exceas ~herewf, ~haU cunrain ~he vsual sta~~dard mortg~.yee clause a such oihe~ c~oux si ~he Mor~gagee may requ~re, making the ioss under sa~J poli- ues, eatA and every, payab?e to said htORIGAG'_E as ib imerrst may appea~, and each and every such poiky shall tk promptty ass g,~ed ar.d delive~ed to any held by uid MORIGAGEE sa (urther ~ecunty lo said mongage dabt, and, not less th~n ten (10) daya in advance of the eapiration of each poticy, to da i~ver lo said NWRTGAGEE e renewal tFx~tof, toge~her with o rece~pt for the p~e~nium o! suth renrwal; and thare shaU be ~ fiie o~ winds~wm insurance F~aced on any of said build~ngs. ~ny inferest there~n w pa~~ thereof, u~less in ~he form and with the loss paYable es a(oresaid; and in the eYent any sum of money becomei payable under such policy or poLc;es said MORTGAGEE sfialt have rha opt:on fo rece~ve and apply the sa~ne on accoum ol •the indebwd ness aKUreJ FKreby w ro pe~mif said MOAiGAGORS io receive and uss it a any pa~t thereof ior o2hcr purF~oses. ~:~~no~t th~r~i;~ ~v,:~~~~g or ~~~:p~ir- ~~g any equ~ty, lien w righ~ under w by virtue of this mor'gage; ard in the eveM se:d MORTGAGORS shall for any rcawn fait to keep the sa~d prem~s=s so in~ured, q fail ro det+ver p~wnptly any of said policies of inavrance to ~a~d MORiGAGEE, or fail promptly to pay fuJy any prE~nw:n thzrefot or in any respect fail ro pe.fwm, d~scharge, ex~cvte, eifed, canptete, comply wi~h and ab~de by th~a covenaro, o~ any par~ hareot, sa~d MGR~GAGEE may piace and pey fo~ wch insurance w any part thereof without waiving w affecting any opti~, lisn, equity, or right u~de~ or Sy vinue of this Mort9age, and the ' fvll amo~nt of each and every such payment shall be imnxdiately due and payabte snd shall bear intrrest from tha date thereof until paid at the rate ot - n:ne Mr centum pe~ annwn and togrther with such interest shaii tx secured by the lien o( thh mortgage. 1. To permit, tommil w suffa no waste, impairme~t or deter~o~ation of said properry w any part thereof. S. To pey ali a~d singulsr the costs, thargef a~d expenxs, including a reasonable attwney'a (ee and costs of abstrads of title, incurred or paid at nny time by said MORTGAGEE, because or in the event of the failure on the pa?t of the said MORTGAGOR to duly, promptly and fulty par(orm, d~scharge, -xecute, e(fe_!. complete, tomp~y w~th and ab:de by each and every the stipulaNOns, agreemema, conditions, and covenants o( said.promissory note and this ,~orrgage any o~ ei~her, and sa'rd cos?s, charges and expenses, each and every, shall be immediaeety due and payabte; whether or nof rhere be no~ice da mand, attempt to colled or suit pend~ng; and the full amount of each and every such paymeM ~hall bea. ineerest from the date the~eof untii pa~d at the rara of nine per crnrum per anu~;n; an~ all said costs, charges and exprnses incurred o~ pa;d, toyether w~rh such interest, shall ¢e sec~red by the lien of this mortgige. 6. That (a) in the event of any ~reach of this Mwtgage or default on the part of the MORTGAGOR, w(b) ~n the evenf any of sa~d sums of money herein ~efe~red to be not promptly and fully paid withia thirty (30} days neu aiter fhe same severally become due and payable, wi~hoW demand o~ notice, or (c) in the event each and every the stipuiations, agreements, conditions and covenants of sa!d promiswry note and ~h~s morlgage any p e~~her are not iuly, promptly and fully performed, d.scharged, executed, eifeued, completed, complied w~th and abided Sy, fhen in e~the~ w any such event ~he sald ag- g~egate sum mentroned in said promissory note tF.en remaining Unpaid, with iroeresl accrued, and all rn~neys secured hereby, shall become due and pay- ab:e forthwith, or thereafter, at the option of said MORTGAGEE, as fully and comp!erely as if all of the said sums of money were or~ginafly st;puiafed to be pa~d on such day, anything in sa:ci pro~n~ssory note or in this Mortgage to fhe contrary notwifhstending; a:id there~pon or theraafter at the opt~on of sa~d MORTGAGEE, witho~t nor~ce or demand, suit at !aw or in equ~ry, the~efore or thereatter begun, may be prosecuted es if alt moneys secured hereby n; d matured pr~or to its inatitutlon. ~ 7. Thaf in the event that at the kxginning of or at any fime pending any svit upon fhis Mortgage, a to ipreciose it, or to reform it, or to enforce ~ p~yment o1 any claims herevnder, said MORTGAGEE shalE apply to the Court having jurisdiction thereof for the appo~~tmem of a Receiver, such Cwr~ shail ~ fc~thwith appoint a receiver of said inortgaged property all and singular, incl~d:ng ait and singvlar the income, p:of~ts, issues and revenues from uvhateve~ F seurce derived, each and every oF wh~ch, ir be;:~g expressly understood, ia hereby mortgaged as if spec~ficalty set for~h and described in the graroing and ' hjbendum clauses hereof, and svch Receiver shali have all the b+oad and effecrive funchons and powers in anywnA entr~sted by a Cou~t to a Receiver, and ~ r_ch appoiroment shall be made by such Court as an admitted equity and a matter of absolute right to sa;d MORTGAGEE, and without reterence to the q n,iequacy or inadaquaty of the value of the property mortgaged or ~o the savency or insolvency oi sa~d MORTGAGOR a the delendants, and that such .=•~n, profits, income, issues aed revenues shall be applied by such Receiver according to the lien w equity of said MORTGAGEE and the pradice of such ~ CauR. 8. To du!y, promptly and fully periorm, discharge, execute, effect, complete, comply with and abide by each and every the stiputations, agreements, 3 ;onditions and covenants ~n said promissory note and thi: mortgage set fwth. 9. That in the evenf the ownership of the mortgaged premises, or any part thereof, betomes vested in a person other than fhe MORTGAGGR, the R'.ORTGAGEf, its successo+s and ass~gns, may, w~thout notice to the MORTGAOR, deal with such successor w successor in inlerest with reference to this r,ortgage and the debt hereby sewred in the same manner as with Mortgagor w~~hout in any way vitiating or discharging the Mortgagors' IiabiGty here- ~nder or upon the debt hereby secured. No sale of tl~e pramises hereby mortgaged and no forbearan~e on the part of the NIURTGAGEE or its successors cr assigns and no extension of the time for the payment of the debt hereby secured given by the MORTGAGEE or its s~ccessus or auigns, aFall operate ro re!ease, d~scharge, modify change or affect the original I~ab;l~ty of fhe MQRiGAGOR herein, ei~her in who~e or in part. 10. It is spcc~fica~ly agreed that time is of the essence of this contract and that no waiver o! any obtigauon he?eunder or of the obligation sr cured hereby shall at any time thereafter be ~e:d to be a waiver of the terms hereoi or of the instrument secured herby_ 11. In add.tio~ to iha forega'ng m,oath'y paym=nts of princ'pal and interest required by the prom;sscry nore sec~red hereby, mortgagar covenants a~.d agrees to pay to moctgaqee v~ith each nonthiy payfnent a^. add~~~onal wm est~mrted by mortgagee to be equal to 1! 12 of the annua! cost of the follow- , A-Ai~ real property taxrs levied o~ ass>ssed agai•~st the above descriyed real estate. B-Pramiu:ns on fire ar,d windsto+m ir•surar.~e as herein requ:r¢~ to be carr;ed on the improvemeits s~tuate on the above d~scribed premises. C-Premi~ms on such mortgage guar;nty i~ surar:ce as mortgagee shai{ frcm t me to time deem fit to carry on the loan secmed hereby. Mortgagee sha't from t~me to tirne nctify mortgagor in w.it~ng of ihe amount due and payab?e hereundrt and such su:n shall thereupon be due and :~vable on the due date oi the next momhly paymem and each successive month rhe.eaiter un!il mortga~ee shall notify mor.gagor of a change m such ~ ount. Such sums sFatl be appEied by mortgag~e toward the payment of reai properry taxes, insurance prem:ums, and morrgage guaranty insurance F r~emium5. IN WIINESS WNERE the 'd MORiG:.GOR has hereunto set his hand and scal the day and year first aforesaid_ - j ~ S~ n, a a deli ed the presence of: } - . sQ _ _ E ne ~vaod ~ai~ - - ~ q i _ _ lt lrgl ' Flilwood -~ai~ ' A/K/A Sdith Et'ulwood j Sii.TE OF FLORIDA ~ ~ c:~u~~rY oF St . Lucie ~ ~ Before me personally appeared E~1 ene F'1111FQOC~ a~ € Bdith Vir inia Fulwood ~?so ; his wife, to me wetl known and ~rown to me to be ` rhs individvats described en a~sd who execured the foregoing instrument, and ack~owledged befwe me that they executed the -aame fw the purposes ` Edith Virainia ~ul~vood ` ` - ~harein expressed. And the said - ! ,~fe of the said Euaene ~ll~Oa ' y~Son•p sqq~rate"bnd orivate ~ y examination by me taken separate and apart from her uid husband, acknowledged to and befo~e me that she executed said •ins~eur#en1=Er1Z1,y ~d vLtuo- F s ranty and w~thout any compu~sion, cons+raint, apprehens~on, or fear of or from h~r said husband. ~ ' s i ' WITNESS my band and official seal this oZ. 'k.~_ day of A; p, Jq ~3 3 ' ~ ~ L, ~ Notary Public in end fw the te of'flp~ida at~~arpe ~ My Commisiwn expires: ' f Return 70: - - J . ' first Fede~al Savings a loan Assxiation Of Fort P:erce. 1'1o~o?y Publie, Sfofe of Rorido of [org~ ' Fort F~erce, Florida My Comrnission Expi?es Oc1, jQ, ~yj~ _ 6ondad by Amcricun Firo 6 Co~uplfr ' F1lEO ~h:: RcC~~DEp This Instrument Prepared By John W. Collins ST. C4C:C ~~1NTY ?t~i. ~7 : First Federal Savings 8 Loan Association RGCE= ~'}:~P,AS /~r/,/~2 ` = of Fort Pierce , Florida ~~E°t ~t`~Ulf C6UAt yE~~'~- ~ ; vrr~Rl: vF.c;t-tc~,,....w..~ d ~ ~ _ Checked By ~ t~ pu t . . : _ ~~rrV ~ 1 Pti ~ ~ tiitf ~~(.?~J ~ 26`7829 i - a,~-., ~ - . . , _ ~...r-~-------- - _ _ _ _