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Home My WebLink About1390 ~ ~ ' M~ b • 3. To ptace ?nd continuously keep on the bui!d=~igs now or hereafter s~t~ete on said land and on all eqv~p~nent and person~liy coveicd by this mo~tg sge, w~th atl prem+ums the~eon pa~d in (ull, fire insura~~ce ~n the u~val standard pot~cy form, io • turn ~pp~oved by the MORfGAGfE. and windatorm insurantt in tM usua! ~tanda.d pol:cy form, in • ium approved by tht MORTGAGEE, in such comp~ny or con+panies ~t ths MORTGAGEE may dnect; and all fire a~d w~ndsarm insurance potic~e~ on any of ta~d buiid~ngs, any intere~t therein or part thereo(, i~ the ~gyregate sum aforesaid or in excc3i Ihcreo/, ~hall contain the usuat standa~d mortgayee c~au~e w such o~her clauss as 1M Matpagee may requ~r~, makin9 the los~ undtv sa~d pol~ c;es, each and every, payab:e to said MORTGAGEE ss its ~merest may appea~, and each and every tuch policy ahall be promp~Iy a~s gned snd delive~ed to sny held by said MORiGAGEE ae fu~tF~e~ security ~o said r,~ortgage debt. and, not less than Ie~ (10) days in advance of the eapi~ition of each poticy, to da I~ver to said MORTGAGEE a renewal thereof, toge~Mr with a rece~pt tp the premium of such re~ewal; snd there shalt be no f~re o~ winda~orm insurar+te P~ated a? ~ny of iaid buildings, ~ny intereit ?herein w Noc1 thereof, u~lesi in the form a~d wi~h tM lou payable a~ afwesaid; and in 1he event any t~m o~ ~wney becomes payable under such pol+cy a poLcies sald NtOR1GAGEE shall have ~he opt~on ro rece~ve and apply the same on accoun? ot the indub~ed- ness ucuretl Fµ~eby w ro pe~mit sa~d MORTGAGORS to reteive and use it pr any part thereof for oihr~ purF~ses. .v~~hout th~r~u~ wa~~ing or ~~~~ps;~- ~~g any equity, I~en w r~ght u~dcr a by virtua oi thii mo:tgage; ~nd in the event said MOR~GAGORS ~hal1 fw any ~eason tail to keep ~he said p~emisei w ~nsu~ed, o? fail to delive~ prompt~y any of said polKies of insurance to said MORTGAGEE, or fait promp~ly to pay fully any pre~»ium thereia or in a~y respett (ail 1a perfwm, d~scha~ge, e:ecute, effect, comple~e, comply wirh and abide by this cove~anl, w any par~ hereof, said MORTGAGff may p}ace and pay fa ~uch inawa~ce or any pan ~Aereof withput waiving or ~ffectirg any option, li~n, equity, or right under w by virtw of this Matgaye, and thc f~ll smount of each and every such payment shall be immediately due and payable and shall bear interest from ths date ?hereof until paid at the rate ol ninc p~r centum pea annwn and fo~r~h~r with auch inte~esr shalf be secured by the lien of this mortgage. ~ To pMmir, commit or suf(ar no waate, impaiirrKnt a deterio~ation of said propmty o? any psrt therecf. 5. To pay sU snd sinflulnr the costs, chargcs and expe~ses, including a reasenable attwney i fee and co:ts of abstrads oE ?itte, incurr~d or paid af eny time by said MORTGAGfE, because w in the eve~t of the fa~lure on the pan of iha said MORTGAGOR Io duly, promptly and fully perform, d~scharge. rxecute, ef(ect, complete, comply w~th and ab:de by each ar+d eve~y fhe s~~pulaiwns, ag~eements, cond~tions, and covenams of said promissory note and ih~i ,ror~gaye any w eirher, and sa~d costs, charges snd expe~ses, each and every, shall be immed~ately due and payable; whe~her or not there be norice de mand, attempt to toliect or suit pertd~ng; and the full amo~nt of each and ev~ry such payment sl+all bear inrerest froe: ~he date thereol unti! paid at the r,,re of nine per cznwm per amiu:n; and all said costs, charges and expemes inturred w paid, together wah such interest, ihall be secure~i by the lien of thii mo~tgJ~O. 6. That (s) in the event of a~y b.each of this A1lortgsge or defaulr w? the part of the MORTGAGOR, or (b) in the eoent •ny of sald ~ums of money herein referred to be not pron,pfty and fully paid witnin th~rty (3p) days next a'.tcr the same seve~ally become due and payable, without demand or r?otite. o~ i~) the event each and every the st~pularions, agreements, conditfons and covenan~s of sa~d prom~uory note and th~s mortgage any a either are not ~uty, prompdy and iutly pe~formed, d~scharged, execured, effected, completed, complie~d wJth and abided Sy, tFxn in e~ther w any such event the sa~d ag ~regate wm rr~e~tioned in said promisswy note then remaining u~paid, with interest accrued, an<i ell moneys iecured hereby, shall betome due and pay- ao;e fwthwith, o~ ~herea(ter, at the opt7on of said MORTGAGEE, as fully and comptetety as it all of the said sums of money we~e o~igioally s?~pu:ated ro be pa:d on such day, anylhing ;n sa:d prom~ssory ~ote w in this Mortgage to ~he comrary natwithstanding; and ihereupon or therea(ter at the apf~on of sa~d MORTGAGEE, w~thout not~ce or demand, suit at law w in equity, there(we or thereafter begun, may be prosecuted as if all moneys secured h~veby - nad mdtured pnor fo rts instiWtion. 7. Thst i~ the event ?ha? at ihe beginntng of w at any time pend~ng any suit upon this Mortgage, w to foreclose it, or to reform it, or to enforce payment of any claims he.eunde~, said lY~ORTGAGEE shall appty to the Coun having ju~isd~cfion thereof iw the appointment of a Receiver, such Cour1 shall i;,rthwith appoent a receiver o( said mortgaged property atl and singuJar, includ~nq a~l and a;ngu!a~ the income proi~ts, issues and ~evenues from whatever so~~rce de.ived, each and every of v~h~ch, ~t pe;ng expressiy unde~pod_ ~i ,~iereby mor~gaged as if speuiically set fonh and destribed in the granting and h3cendum clauses hereof, and such Receiver shail have all the b+oad and effective funct.ons and powers in anywise e~trusted by a Court fo a Receivq, and , c. ch appoinsment shal~ be made by such Court as an admitted equity and a maner of absolute rigM to said MORTGAGEE, and without reference to fik adrquety or inadeq.racy of tha vatue of the property mortgaged or to the so~vency o? ,nsotver~cy of sa~d MORTGAGOR p the defendams, and that svch re~es, proiiis, income, issues and revenues shaN be applied by sexh Rece~ver acco~d~ng to the lien or equity of uid MORTGAGEE and the praUiu oi sueh Court. 8. To duly, promptly a~d f~:!y perform, discharge, exec~te, effcct, complete, cwnply with and abide by each and every the stipulations, syttemenri, • ccr.ditions and covenanrs ~n sa~d promissory npre and th~s mortga~e set forth. 9. That in the event the owne~ship of the mortgaged prem;ses, w any parl thereof, beco~nei vested in a perso~ other fhan the MORTGAGOR, the h'.ORiGAGEE, iti successors and asaigns, may, without notice to the MORTGAOR, deal w~th such successw or successor in enterest with re(erente ~o this r'ortgage and ibe debt her¢by secured in the same manner as with Mortgagor wittwuf in any way vifisting or diuharging the Moatgagots' liability here- ~ under or upon t1~t de6t hereby secured. No sale o( the prem;ses hereby mortgaged and no forbearance on the p~A of the MORTGAGEE or its sutcessws or assigns and no eaM~s~on of the time fw the payment of the debt hereby secured given by the MORTGAGEE or its succe:sors or auigns, s~5alt operate ro release, d~xharqe, modify charoge o~ affect the orig:nal )iab;)ity of the IV,ORiGAGOR herein, either in whole d in part. 10_ It is spec~(ically agreed thas time is of the essence of this contrad and that no waive? of any obligat~on hereunder w of the obligalion ~e- cu~ed hereby sha!1 at a~y time ~hereafter be held to be a waiver ef the terms hereol w of the instrument secured herby. I1. In add.tlon to the forego'nr monthly paym~ms of prinCpal and interest required by the promissory nme secured hereby, mortgagar coveoants - e~d agr~ to pay to mortgagee v~ith each momhly payr.~ent an add~~ional sum es~::*eated by mwfgagee to be equal to 1 j 12 of tfie annual cost of the lollow- A-Afl reat p:ope~ty ~a~es lev~e~ or assessed agai~st the above described real estate. B-Pre~r.~u•ns on f:.e an~ vrintJsto'm ~nsura~ce as nere~n req~;red to be carri<d on the improvemeats si~vate on the above described premises. C-Prem7ur-s oa s~ch mort33ge g~aranty ir.su~ar,ce rs martgagee shall from t;me to time deem fit to carry on the ban secured hereby_ • Mwtgagee shaii ~•cm t~me to ume not~fy mongagor :n wr~nng of the amovnt due and psyable hereunder and such surn ahall thereupon be due and ~~yable on the d~e oate of th= next monthiy paymQnt and each successive month thereait~r ur.tit mortgagee shaU ~otify mortgagor of a change in such a ovnt, Such w~ns sFa:: be appiied by mortgagee toward the payment of real property taxes, insurarxe prem:ums, a~ed matgage guaranty insurance . -e m iuI?1S. IN Y~ITP~E55 WNEREOF, the said MORTGAGOR has he~eunto set 6is hand and seal the day year first \ ~id. Signed, Sealed and def+vered in the presence ofc ~ _ C~,~~. ~j `t ~ aq r~~ - _ (Sea4 / " ~ (SeaQ I SiATE OF FIORIDA ~ St. Lucie # u' i ~~UNTY OF Before me personatly appeared Dav~ ~i [~~n~ c~}2F,:~~ and ' Glaria C- :Jh ~tehead his wife, to me well known and known to rrK to be ; the individ~ats desuibed in and who executed the f«egoing instrument, and acknowledged before me that they exetuted the same for the p~rrposes ~ ~Fe~rin expressed. And the said_ _ ~:ZOr? d , Whi tnhPar-~ ; +:tfe of the sa~d ~dViC~ ~A~llt ht~~[j upon a separate and private ~ examinarion by me taicen separate and apart from her said huaband, atknowledged to and before ms that she executed said instrument freel~ and voluo- ra~~ly and without any compuSsion, constraint, apprehens~on, or fear of or fran her said husband. i~~~ WITNE55 my hand and oifit~al seal this day of ' ?,a p.;,~~T%3 ' " ~ c ~c ~7 ` % Notar Public in snd (or ~ ? Y tAe Stat~ oP (aorid~at ~?pe ,~y ~ My Commission expires: ~ 1` 0 ~ ' Return To: • - _ , v , ~ : ~ Q ~S * ~ First Federal Savings d~ Loan Assotiat~on - , ~ Of Fort P.erC~. . .y ~ _ .q • ~ ~ ' . ~ ForJ Pierce, Ftcrida ~ . ~ , • r. . . ._:3,~8 G 1 , ~,y77 . . This Instrument Prepared By ~iCh~rd K. Kayes Q(~ ~ First Federat Savings 8 loan Association p ~EI~ ~j,~. ; of Fort Pierce pa~t1~: t , ~io r i da ~~~~1 e~t Checked By ~C~ y IlIF1E0..++~"'~~ o R ~ $ ~ ~ ; ~oox 22~ F~~E1~~ - ~ . , . 9b~