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Home My WebLink About0043 ti 3. To plece and Continuously keep on the Lvi.'d~ngs norv or hereahe~ ~ituate on said land and on all eq~~p~nrnt ~nd pe~sooa~Iy co+ered by th~~ mortg- ege, with al) premlum= ~hereo~ pa.d in full, i~re, insura~~cc in the usuai standa~d No6~y lorm, in a sum a~.yrored b~ the MOk~v:.GEE, a~ d w~nds~vr~n inw~ante in ihe usual siandard poLty lO~m, in a sum app~oved by the MORT('iAGEE, in iuch company or to~ny,anies as the MORiGAGEE may dirccl; and all (ire and w~rxlstorm insurante po:~c~rs on any of sa~d build~~gs, any intereat Iherein or pert Ihereoi, in ~he aygrrgo~a sum aforesa~d ot in eaceu ~hereof, shall cunrain ~he uwal s~anJe~d rnofrgagee dause or such other c~autie as Ihe Margegee may rey~~re, maling tt~r ~oss ~ndrr s.,~d ~wli- . cies, each and every, payat!e to sa~d 7~IORiGAGEE as ~~s inter~sl rnay appear, and each and every wch po:.cy shal! br prompt~y a?s g~~~d a~ d dei~va~.~d ~o any held by sa:d h10RfGAGEE as iu:ther tecurity to said n:ortgage debt, and, ~o? less Ihan ten (10) days in ad~a~xe oi the exp~~at~oo 01 each pol;cy, to da liver to said MORTGAGEE a renewal thereof, logether with a receipt fw ~he premium ol such renewal; and there shail br ~w fire o~ w:~~ds~on~ insu~ance placed on any ol sa~d bvildings, any inte~est therein or part th~reof, unless in the' 1o~m and with the Ioss payable as afo~esaid; and m the event anY sum ot money bccomes payable unde~ such policy w poGcies :~~d MORiGAGEE shaU have the opt:on to reccive a:+d apNly the sa~ne on accau~~~ oi ~he ind.r~tvd- ness sec~red he~eby oa tvpermit sa~d A10RiGAGORS to recnive and use it w any part the:eof lor oci:rr HurFOSrs, ..:~~~o~t ~h~~~vr x.:iY.:,~ or ing any eqv~ty, lien oa r~ght under w by vi~tue of this n,ortgage; and in the eveM sa~d MORIGAGOR$ shall io~ any reason fail to keep the aa:d pra~n~s~s so insured, O? fail to del~ver pranptly any of said polieies of insuranee to said MORTGAGEE, or 4ail pron:p~ly to pay fu~ly any pre~n~~rn tl~eeefor or in iny ~espect fail to perfam, d~scharge, execute, eflect, complete, comply wi~h and abide by this cove~~aN, w any pa~i hareof, sa~d MuRTGAGEE may p~ace a~~d pay fw :~th insurante or any part thereof wilhout waiving w affeUing any option, lien, equ~ty, w?ight u~der or by virtue of this Mor~gage, and fhe tull amount of each and every s~ch paynsem shall be immediately due and payable and shall bear imeresl from the data tlk:reof unnl p~id at the rate of n~ne per te~tum per annum aMl to~ether wNh suth i~leres~ shal~ be secured by the li~n of thil mo:tgag@. 1. To permil, commit or suffer no waste, impairment w detcr~oration of said p~opc~ty or any part thereof. 5. To pay all and sir.gular Ihe costs, charges and expenses, including a reasonable attwney's Fee and costs of absvacts of title, incu:red or pa~d at any time by said MORTGAG~E, because or in the eve~t of the fa~iure on ~he part of the said MORTGAGOR to duty, promptly and fvlly pe~form, d~scha.ge. >xecute, e(~ect, comptete, comply wnh and ab:de by each and evcry the stipulat:ons, agreements, conditions, and covenants of said pro~nissory note a~~d ehis mo~tgage any or either, and sa~d costs, charges and expenses, each and every, shall be immediatety due and payab+e; wh.:ther o~ not there be no+ice d~ mand, attempt /o tollect or suit pendmg; and the full amount oS each and every sucA paymeM shalt bear iNerest from the dare ~he~eof un~it pa~d at the r,~te of nine per centum ~r an~~un,; o,w all said costs, charges and txpenses incurred or paid, toyether wdh such interest, sAall be secured by the lien of th~s mortgage. - 6. That (a) in the event of any breach of this Mortgage or defauft on the part ~f the MORTGAGOR, or (b) in the event any ot sa:d sums of money herein referred to be not promptly and fully paid within th~rty (30i days next afte~ the aame severa!!y become due and payable, without demand or notice, or t~) evem each and every the s~ipulanons, agreemeros, conditio~s and covenar,ts of sa•d promisso~y note and th~s mortgage any w enher are not ~~ly, promptly and fvlty per(o:med, d~acharged, executed, eifeued, completed, comp:ied with and ab~ded by, then in e~ther or any such even? the sa~d ag gregate sum rnentioned in said promisswy note then remaining unpaid, wifh interest acaued, and ail moneys secured hereby, sha~l become due and pay able forthwith, or th>reafte~, at tAe opt~on of sa:d MORIGAGEE, as fu~ly and comple~e~y as if al~ ot the said s~rns of money were oi~ginslly s~~p~iated ro be pa~d on such day, anything in sa:d proen~iswy note or in this Mwtgage to the to~nary notw~thstandi„g; and ~hereupon or thereafter at the op~~on of sa~d MORTGAGEE, without nonce or demand, suit at law or in equity, tharefore or thereafte~ begun, may be prosecuted as if all moneys secured hereby n_d matured pr~or to ds inshtution. 7. Tha1 in the e~ent that at the beginn+ng of w a1 any time pend~ng any suit upon this Mortgage, or to foreclou it, w to reform it, or to enforce payment of any claims hereunder, said MORTGAGEE shall appty ro the Court having ~unsd~ct~on thereof ior the bppo~ntineot oi a Rrce~ver, such Court shall forthwith appoim a receiver of said mortgaged property all and ringular, includ~ng all and singular the income, p~af~ts, issues and revenves lrom whatever so~rce de~ived, each and every of wh;ch, it be~ng expressty understood, is hereby mortgaged as if speufically set forth and described in the g~antii~g and habendvm c!a~ses hereof, and s~ch Rece~ver shatl have all the broad and effect~ve func~.or.s and powers in anyw~se entrusted by a Cou~t to a Recai~er, and :_ch appointment shall be made by such Court as an admitted equity and a maiter oi absofute righ~ to said MORTGAGEE, and without reference to the adequacy o? inadeq~acy oi the value ot the properry mortgaged or ro the w.vency or inso'vency of said MORTGAGOR or the defendants, and fhat such re-~is, profits, incwne, issues and reve~ues shail be appiieo by such Receiver accord~ng to the lien or eq~ity of said MORTGAGEE and the practice of such Court. B. To duty, promptly and fully perform, discharge, execute, effect, compiete, comp~y wifh and abide by eath and every the st~pufations, agree:nents, conditions and covenants in sa~d promissory note and th~s mortgaga set forth. 9. That in the event the ownership oi the mortgaged premises, or any part thereof, becomes vested in a perwn other than the MORTGAG02, tF~e h'.ORTGAGEE, its successors and assigns, may, without notice to the MORTGAOR, deal w+th svth successw or sutcessor in mlerest with refrrence to this mertgage and the deb~ hereby secured in the same manner as with Mertgagor w~thout in any way vit~ating or d~scharg~ng the Mwtgagors' liability here- under w upon the dabt hereby sec~red. No sa!e of the premises hereby mortgaged and no lorbearance on the part oi the /AORIGAGEE w its successo:s or assig~s and no extension of the time fw the payment of the deb~ he~eby secured given by the MORTGAGEE or its successors or ass~gns, a+ialt operate to reiease, d~xharge, modify change or affect the o~ig~nal liab~t~ty of the NtORiGAGOA herein, either in whole or in part. 10. It is specificalty ag~eed that t~me is of the essence of this contract and that no waiver of any ob~~gatio~ hereunder u of the oblgation se- cured hereby shall at any time'thereaFter be he:d to be a waiver of the terms hereof w oi the ins~rument secured herby. ' 1 t. In add,t;e~ to the forego'ng monthly paymrnts of p.ir.c pai and irterest requ~red by the prom.~sscry nore secured hereb~, mo.tgagor covenants a~ d a~rees to pay to mo:tgagee vv~:h ea:h monthiy payment an add~~ional sum estirnated by mortgagee to be equal to 1/i2 of the annu~l cost of the foHow- ing: i i A-AU real property taaes tev~ed or azseucd ay3~•~st the aoove desc~bcd real estate. - E B-Prem~v-ns on f~re and wir.dstozm msurarcF as herein req~~red to be ca~ried cn the ~mproveme~ts s~tuate on 1he above described prem;ses. ~ C-Premivms on wch mortgage g~aramy ]r.wra~.ce as ~no*~gagce shall 4ro~: time to time deem fit to carry on the loan secured hereby. k Mor!gagee sfia~l 4rom time to t~me notify mortgage~ fn writing of the amount due and payabte hereundrr and such s~T shal? thereupon be due and ~ ; ayatte on th~ due date of the next monih!y paymenf and eath Successive momh tt,ereaher ur.til mortgagee shall noGfy mortgagor of a thange in suth a*~o~nr. Such~sums st~ail be applied by mo+tgagre toxard the payment of reat property ta:es, ~ns~rance prem.ums, and mortgage guaranty insurance ~ ;xemiums. ~ IN Y~ITNESS 'NHERfOF, the said MO GAGOR f~as herevnto set his hand and seal the day tnd year tirst afwesaid. 5' ed Sealed and deliver t presence of: ~ ~ ~ Y ~ _ (Sea~) f - - (Seal) _ R11 h MOOYQ ~~a~~ STATE OF FIORIDA ~ St Lucie ~GUNTY OF • 1 ~ Before me personally appeared Rieha rd C. MOOre and _ R11th MOOre~ h~s wiie, to me well known and known to me to be ~ the individuais described in and who e~cecuted the foregoing instrument, and acknowledged beFore me that they executed the same for the purposes ~ tnerein expressed. A~d the said_ Ruth MOOre . r~~fe of the said Riehaxd C. Moore uppri a~~t~~ r'a!e ah~,privete ~ eaam~nat]on by me taRen separate and apar! from her sa~d husband, atknowledged to and before me that she executed wid`jnil~~pitn~re~f~ aad'vplun- ~ '~nly and w~thout any compulsion, constraint, apprehen~:on, or fepr of or from her uid husband. • ~t a 7'- WITNE55 my hand and offic~al seal th~s_ 1-St day of ~A~~~ Noveiti~~~ p; •~~~3 ~ } a ~ ~ _ - ~j • ary Public in and fw the of~ ~oQdq at Lprg~ : ' y Comm~uion e:pires: ~~,~4 ~ ' _ a Return To: ' • ` ^ - ~ . First Federal Savings b loan Associat~on , ti\, _.Z4~~ ~ ~ Of fort P~e:ce. ~ Fort Pi~rce, ffo!ida Ep ttat.:it~'~ ' ~ ~~~R~Gr ~ G4; lA. ` - : ' ~~tFK C~? :UIT CDUI11 F;s This Instrument Prepared By Joht1 W. Collins Il~tOkJ VE~~`~E~ ~s s~ First Federal Savings 8~ Loan Association of Fort Pierce ~ Flozida ~y 19 9 z2 pM ~~3 ~ ~ Checked By ~ ,S ~ 2sss93~ ..z ~ ~3 a9Rx ~1 ~arE . , ~