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Home My WebLink About0440 3. To place and continuously keep on ~nr b~i:J~~~gs now or hereafter situate on sa~d Isrtd and o~ al; equip~~~@M d~~C~ PE~SOr.d~~y cover~d by this mortg- ege, w~ih all premiums thereon pa.d in fuU, fue insuronta m ~he uwal s~anderd potlty form, in a s..m approvnd by ~he MJR~G.>GEE, ar,d w~n~ewrm insuronte in the usual sra~~da.d po:•cy form, in s wm approvad by the MORiGAGEE, in such canpany or co~n,~an~es as the MORTGAGEE may d~rect; and atl (ire and w~ndstorm inturante po!~ties on any of said bui~d~ngs, any interesl ~heiein o~ par~ thereof, in the aggrega~e sum afo~esa~d or in exceas ~hereof, shall conTain the us~al standard mortgagee clause or such other clauss as Ihe Mongagre may requ~re, ma~~n9 ~fie ~eas ~~xler ie~d potF c~es, eacA and every, payable ro sa~d A\ORTGAGEE ss ~ts ~nierest may appear, and each and eve~y iuch ~wGcy shall he promptiy au y~~~d and de=~.er«i eo eny held by seid MORTGAGEE as furthar security to said mortgage debt, and, not less than ten (10) days in ad+ance oi th~ exp~rat~on of aach Fof~cY. ~o Gver to said MORTGAGEE a renewel thereof, together with a receipt fw the pramium of such rene.val; and thrre shall be no i~re or windawrm i:~surence placed on sny o} said buildings, an~ interest therein u part theteof, unless in rhe (orm and w~th the loss payable as aforeseid; and in the ~venl any sum of money becomes payable under s~ch poliq w poiicias said MORTGAGEE ahall have the opt+on to receive and appty tha same on accouni of ~he indEbtrd ness secu~ed hrreby a to prrmi~ sa~d MORTGAGORS 1o rece~ve and use i~ a aoy part ~hereof tor osi~er pur~~oscs, .v~~ho~t fh_~ru~ w:.~~~n3 0~ ~~~~p~~T- ing a~y equ~ty, lien w right undar a by virtue, of lhis mo:!gage; and in the even~ sa:d MORTGAGORS shall fo~ any reason iai) to keep thr sa~d pre~nis_s so insuted, or (ail to detiver pranptly any of said poGties ot insurance to said MORTGAGEE, or fail prompNy to pay f~ily any prem~um therclor or in a~y reapeU lail to per(o~m, d~scha~ge, execute, effep, complete, canply with and abide by this covenant, or any pan hereof, sr~d MORiGAGEE rnay piace a~~d pay fa such insurance or any part thereof wi~hout waiving or affeoing any option, lien, eqv~ty, o? ?ight ~nder o~ by virtue ol this Mortgage, and the fuil amounl of eath and eve~y such payinent shall be immediately due and payable and shall bcar interest from the date thereof until paid at the rate o1 n~r~e per cenwm pe~ annum and ~ogefhcr vvith su:h interest shatl be xcured by the lien of this rtw~~gage. t. To permit, tommit or suffer no waste, impairment w deterioration of said property w any part thereof. 5. To pey all and singula~ the costs, charges and expenses, including a ~easonable attwney's fee and costs of abstracts of title, incurred or pa~d at any time by said MORiGAGfE, because or in the event of the failure on ihe part of the said MORTGAGOR to d~ly, prwnptly and fully perform, d~sch~rge, execute, effecf, complete, tomply w~th and ab:de by each and every the stipulations, agreements, tond~tions, and covenants of said pranissory note and ~hii :*:or~gage any or ei~her, and sa~d costs, charges and expenses, each and every, shall be immediately due and payable; whether or not there be no~~ce d> mand, attempt to cotiett or suit pend~ng; snd the tull amouN of each and every such paymenl shall bear intercst from the date thereof until paid a1 the ra+e o! nine per centvm per am~um; an~' aU said costs, charges and expenses incurred or paid, togerher wd6 such inteiest, shall be sec~red by the lien of th~i mortgage. . 6. That (a) in the event of any breach of this Mortgage o~ defaul~ on the part of the MORTGAGOR, or (b) in the evant any of sa;d sums of money herein referred to be not prompily and fully paid within thirty (30) days neat after the same seveia!ty become due and payable, without demand or notice, er (c) in tha e•vent each and every the stipu:ations, agree~nents, tonditions and covenants of sa d promissory note and th~s mortgage any o~ e~ther are not iuly, promptly aod fu11y performed, d:scharg~d, executed, effected, completed, compGed w~th and ab~ded 5y, ~hen in e~ther w any such event 1he sa~d ag ~regate sum mentioned in said promissory nore then remaining unpaid, w~rh inte~est accrued, and a1! moneys secured hereby, shall brcome due and pay- ab,e forthwith, w thereafte?, at the opuon of said MORTGAGEE, as fully and completely as if all of the sa~d sums of money were or~g~nally shpulated !o be paid on such day, anything in sa:d prom~ssory note w in fhis Mortgage to the com~ary notwithstanding; and ~hereupon or thereafter at the option o( s~+d MORTGAGEE. without notice o~ demar.d, suit at law or in eav~ty, therefore or thereafter begun, may be prosecuted as if sll moneys secured hereby nad matured pnw to ~ts inatitutlo~. . 7. That in the event that at the beginning of or at any time peru~ing any suit upon this Mortgage, or to foreclose it, or to reform it, or to enforce payment of any claims he~eunder, said h10RTGAGEE shall apply to the Court having jurisd:ction thereof for the appointment of-, a Rece~ver, such Court shall iorthwith appo~nt a receiver of said mortgaged property all and singular, incl~d~ng all and singuiar the income, prof.ts, issues and revenues from whate~er s~vrce derived, each and every of wh;ch, it beir,g expressty understood, is hereby morrgaged as if spec~f~cally set fath and desu~bed in the g~anting and h~bendum clauses hereof, a~d such Receiver shall have all the txoad and effective funct~ons and powers in anyw~se entrusted by a Co~rt to a Receiver, and s_ch appointment shail be made by such Court as an admined eq~ity and a matter of absolute riqht to said MORTGAGEE, and with~ut reference to the adeqvacy or inadequa,y of the val~e of rhe property mortgaqed or to the so~vency or insoivency o( said MORTL'iAGUR o~ ihe defendants, and that such renfs, profits, income, issues and revenues shalt be applied by such Receive~ accurding to the iie~ or equity of said MORiGAGEE and the praUice of such CouA. S. To duty, promptly and fully perform, d~scharge, ezecute, effect, complete, comply with and abide by each and every the stipulations, agreements, ~onditions and covenants in sa~d promis:ory note and th~s mortgage set torth. 9. That in the event the owne~shlp of the mortgaged premi:es, or any parl thereof, bxomes vested in a person other than ihe MORTGAGOR, the M.ORTGAGEE, its succe:sors and assigns, may, without not~ce to the MORTGAOR, deal with s~ch successor w successor in interest with reference to th~s n,ortgage and the debt hereby securedin the same m3nner as vrith Mortgaga w~thout in any way vifiating or d~uharging the Mortgagors' liability he~o- under w upo~ the debt hereby secured. No sale of the premtses hereby mortgaged and no forbearance on the part oi the ?h0(tiGAGEE or its successors or assigns and no extension of the tir.se for rhe payment of the debt hereby secured g~ven by the MORTGAGEE or its successws or ass~gns, ahall operate ro reiease, discharge, modify change w affect the o~ig~nal liability of the MORTGAGOR herein, either in whole or in part. ~ 10. It is specifica~ly agreed that time is of the essence of this contract and that ~o waiver oi any obligation hereunder or of the obligation se- ;:,:ed hereby sha~t at any time thrrea'ter be held to be a waiver of the terms hereof or of the instrument secured herby. 11. In add~tio.^. to the fc~ego:ng ~nonth!y paymants of pri~c pa1 and inte~est required by the promissary no!e secured hereby.' mortgagar tovenants d agrees to pay to mortgagee uith each monthfy pay~r.ent an add~~ional sum es:~n:ared by mortga~ee to be equal to 1,`12 of t'~ie annual cest of the fotlow- ~ng: A-All real property taxes leveed or assessed agai•ut th6 above described real estate. B-Premiums on fire and windsto:m insurzcce as herein requ;red to be carri~•d on the improvemeits situate on the above described premises_ C-Premi~~~~s on wth m.ortr~ge guaranty insurar,ce as merrgagee sha{I from t:me to time oeem fit to carty on it~e foan secured hereby. Morrgagee shait irorn t~me to rime nocify mcrtyagor m w~iting of the amou~t due and payable hereunder and such sum shatl thereupon be due and ' .~yable on the due date of rhe ne,ct rrorthiy pa•~:r.ent and each successive month ~hereafter unrii mcrtgagee shall nofify mortgagor of a change in such ~ ount. Such sums sF.a;l be app~ied by mortyagee to+vard the pay~r.eM of real property taxes, insurance prem;ums, and mortgage guaranty insurance ; ~ ~emiums. ~ IN YJITNESS Y~liEREOF, the sa~d 1V10RTGAGOR has hereunto set his hand ar.d seal the an year first afo ai [ ; Si ned, Sealed d iivesed in the presence of: ~ CG ~ L seaq ~ ~ LII@SS ' C E ' (SeaO ~ - ~~v--~ - ` (Seal) ~ P:itness i cs~ap ' S7ATE OF FLORIDA 1 - ~ } S5. ~ ~~~vn oF St . Luc ie ~ ~ Before me personally appeared Michael L Kiessel ~ and Elizabeth Kiessel his wife, to me well known and ~i~~,to,rt~ tb~ ~ rhe individuals desa~bed in and who ex~cuted the fwegoing instrument, and acknowledged before me that they executed the salr~ ~~A~ lhet W+rpoi~yj~ ; ~ th=rein expressed. Md the :a~d- Eli~abeth Kiessel ~ ~ ~`,~i~' 'i~ ~ Michael L. Kiessel ~ ~a~ ar artd ~ r~~fe of the said Pb P+!e P~ +~i"~ ~ ~ ; c,am:nat~on by me taRen separate and apart from her said husband, acknowledged to and befwe me that she ezecuted said ina~nTinmt fr~5y a~tl vQjyr4 - ~ ~ ~a-~iy and wAhout any compuision, constraint, a ry~;pw,rqr fear of ot from her said husband. ~ N; ~ ~ ~ December - ~ : ~ ~ vl3: ; WITNESS my hand and offitial seal thi ` day of" , . A- t~,~~ ~ ' / . . ?i ~ ~ ' ~ ~ J ( ~fu~ 1 • i~ J ~r^,' ~ r f ' _ r ,•r~~? ~ - Nmary P~~biic in and ior the State of fbrf~a ~*~i = My Commission expires: , - ,,<<~ Retum To: ` ' First Federal Savings b Loan Association Of Fort P:erce. ''KY S~~•iE e: FLCRIpA 0t L,ARGt Fort Pierce, Fior~da " ~r°~F~S 1R.N: 7, 191~ , t~: .~r;:an tar:~.ors surdr,~.e C~. r~ 5~1 2~' _ This Instrument Prepared By Gary F. Ellwood S~ U~ E jyir ~ First Federal Savings 8~ Loan Association ~ocE~ ?aia~ ~ A' - C~EFK C~~;CUIT of Fort Pierce ~ Flor ida RFCnfl~ ~~,,F~Fp ~A1~~ . Checked By ~ 1, tK ~ ~~'T~ BQOx +~C~ ~CE ~ ' ~ ~ ~ ~ ~ ~ - - - - s ~ ~ - , ~ ~ ~ _ ~ . _ _ _ ~