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Home My WebLink About1149 3. To place and continuo~ily keep on ine bu~:d~~~gs no+v or herraster situate on sa~d land and on all eq~ipnxro and perso~a~~y coverecl by thi~ mortg• ege, w~th al) premiums thrreon pa~d in t~ll, hre insurance ~n the usual sta~idard poticy form, in a sum approved by ~hr MOR~u:.GEE, a~.d w~nJs~oun ~~surance in !he usual s~anda~d poLcy Fo~rn, in a sum aFp~o~ed by ~he MORTGAGfE, in such company o~ compan,es es ~he MORI~AGEE may d~rect; and aIl iire and w~ndaiorm insvranca pol~c;es on any of sa~d buHd~ngs, any interest therein or pa~t thoreof, in the agg~eyate su~» eforesa+d o~ in excess thereol, shati co~tain the u:ual standard mortgagee davse a such otlxr clauss as Ihe Morlga~ee may requ~ro, making the Io» unJrr sa~d poli- cizs, each a~d every, payabte to said ~1JRiGAGEE as ~~s int~rrst may appear, and each and every s~ch pe,Gc~ shatl be prornptly ass g~~rd a~:d da:~~~r,ed to any F~eld by aa~d MORTGAGEE as further security to said mortgage drb~, and, not tess fhan ten (!Q) days in advance of ~he eap~ration of tach poGCy, to dr ?~va~ to wid MORTGAGEE a renewal thereof, toyether with a~eceipt fw the premium of such renewal; and there shall ue no f~ra o~ w:<<duc~m inswance p~sted o~ any of said buildi~gs, any interest thtve~n or part_thereof, unless in the fo~m and with th~ loss payabte as afo~eseid; and in thc event any s~m of money becomes payab~e under such policy or poGcies sa;d MORTGAGEE ahall have ~he opfion to receive and apply the ume on accou~u of tAe i~ulC~ied- ness secured hereby or to permif sa~d MORTGAGORS to reteive and use it a any part Ihereof for otncr purposes, v.:~ho~t th,-~. or w~~.~.,~ c~ ~~~,p.,~r- ~ng any equtty, lier? w right under a by virtue oi this mo:tgage; and in the event iatd MORTGAGORS shall fo. any reason feil to keep ~he sa~d p~e~n~s~~~ so insured, o~ fail to deliver prpmptly any of said poGcies oi insurante to t~~d MORTGAGEE, o~ fail promptly to pay 1~Ily any prr~»~~~n therefor or in any respect Iail to perform, d~scherge, exrcute, effect, complete, comply wiih and abide by this covenant, o~ any pa~t hareof, said MORIGAGEE may p~ace a~~d pay !or such insurance o~ any pa~t thereof w~thout waiving w aifecting any option, lien, equity, or right under w by virtue of th~s Mor~gage, ~nd the full amoum o( each and eve~y such pay~nent sFwll be immediately due a~d payab~e and shall brar interes~ irom tha data thereof u~~til po~d at the rata o1 n;rte per cenium per a~num and together w~th such interest sha1~ be secured by the litn oi lhis mortgage. io permit, tommit or sutfe~ no wastr, impairment a detzr~otd~ion of said property w any part thereof. 5. To pay all and singular the costs, charges ar,d expenses, ~ndudmg a reasonable anorney i fee and casts of abstracts of G~le, incurred or pald st any time by sa~d MORiGAG:E, because or in ~he eve~t of the failure on Ihe par~ of the said MORTGAC,OR ~o duty, prwnp~ly and fuity pe~form, d~sci~arge. rxecute, eifecL comptete, compty w~th and ab:de by each and every the supulat~ona, agreements, condiuons, and tove~~enrs of sa~d p~om~ssory note and this mortgage any w ei~her, and sa:d costs, charges and expenses, each and every, shall be immediately due and payabte; whe~her w not there be not~ce de , mand, anempt ~o collecl w suit pending; and 1he full amount of each and every such payment shall bear inte~es~ f~om Ihe date thereoi until paid et the rare of n~ne per centum pcr annvm; a~x! all said cos?s, charges and ex~nses incurred or paid, togrther w~th such interest, shall be secured by the S~an oi thl~ mortgage. 6. That (a) in the eve~t of any breach of this Mortgage or defa~ft on the parf of the MORTGAtiOR, or (b) i~ the evenf any of sa:d sums of money herein refened to be not promptly and fully paid within th~rty (30) days next atter the same srveratly become due and payable, without demand w notice, o~ (c) in ~he eveN exh and every the stipu:ations, ag~eements, condUions and covenams o! sa,d promissoiy note ar~d ~h~s mortgage any or eirher are not i~fy, promptly and fuliy pe~fo:med, d:xf~arged, execured, effec~ed, complered, tompl;ed with and ahided ~iy, then in e~ther w any :uch event the sa~d ag gr~gate sum mentioned in said promissory nate then remaining unpaid, with interest accr~ed, and all moneys setured hereby, shall become d~e ano pay able forthwith, or thereafter, at the opr~on of said MORTGAGEE, as fully and comptetefy as iF all of the sa,d Sumj of money were or~ginally ~t~pulated ro be pa[d on such day, anything in sr d prom~ssory note or in this Mortgage to the contrary notwithstand~=~g; and thereupon or thereafter at ~he op}~on of s3~d MORTGAGEE, without not~ce or demand, wit at law or in equity, there(ore w thereaf~er begun, may be prosecuted as if a!1 moneys secured hrreby nad matured pnor to its insritution. 7. ihat in the evenf that at the beginnir.g ol or at any time pending any suit upon this Mortgage, or to foreclose it, or to reform it, or to enforce payment of any da~ms hereunder, saed MpRTGAGEE shall appty to the Cou~t hav~ng ~u~~sd:ct~on ~hereoi ior the appomtmeM of a Receiver, such Court shall forthwith sppoint a receiver of said mortgaged prope~ty at! and aingular, in~ludr,r~ all and singulai tFre income, profns, issoes and revenues irom whataver seurce derived, each and every of wh ch, it be;ng expressty unders~ood, is hereby mortgaged as if speufically set forth and deuritKd in the grannng and habendum clauses hereof, and such Receiver shall have all the brcad and effective functsons and powers in anywise entrusred by a Court to a Receiver, and s: ch appointment shall be made by such Co~rt as an admitted, equity and a mane~ oi absolute right ro sa~d MORiGAGEE, a~d w~thout r~ference to the adequaty w inadequacy of the value of the proparty mortgagrd or to the ao:veocy or ~nso!vency of said MORiGAGOR o~ the defe~~dants, and that such rents, profits, income, issues and reve~ues shall be appl;ed by such Receive~ accordi~~g to the lien w equity of said MORiGAGEE and the practice of iuch CouA. 8. To duly, promptly and fully per}orm, discharge, execute, effe:t, complete, compiy w~1h a~d abide by each and every the stipulations, agreements, conditions and covenants in sa~d promissory note and rh~s morrgage set forth. 9. Thaf in fhe event the ownersh;p of the mortgaged premises, or any part thereof, becomes vested in a perwn other than the MORTGAGOR, the '~'.ORTGAGEE, its successors and assigns, mar, without not;ce to fhg A',ORTGAOR, deat with such successa or successor ~n interest with relere~ce to this mortgage and the deb~ hereby secwed in the same manner as wifh ldurtgagor w~thout in any way vitEating oa d~scharging the PAwrgagors' liability here~ under w vpon the debt hereby secur¢d. No sale of tF~e premises hereby mor~gaged and oo iorbearance on the part of the IAORTGAGEE or ity successors or assig~s and no extension of the time for the paymem of the debt hereby secured given by the MORiGAGEE or its successors or au gns, ai~ail operate ro re!ease, d.scharge, modify change or affect the original liab;l~ty of fhe MORTGAGOR herein, either in who~e or in part_ 10. H is specifically agreed that time is of the essence of this co~tract and that no waiver of any obtigation hereunder or of the obligation se- c~red hereby sha~i at any time thereafter be held to be a waiver of the terms hereoi or of the inu~umeN secured herby. 1). In addn~on !o the iorego r,g monrh!y payments of princ pal and inte~est ~equired by the prom:ssory no~e secured hereb~, mortgagar cavenants ~nd agrees to pay ?o mortgaqee w;th each mon~h'y pay~nent an add~~ional sum eshn:atea by mortgagee to be equal to 1; 12 of tne an~iual cost of the folfow- :ny: A-A!I real property taxcs levird or assesz_•o a33i~st the a~ove described reat estate. B-Prem~ums on fire and wir,dsrorm insurar.ce as 6erein requ~red to be carried on the improvements sirvate cn the above descr;bed prem;ses. C-Vremiurns on such mort~age guaranty ir.suraoce as mortgagee shail `.rom. t,me to time deem fit to tarry on the loan uwred hereby. Mortgagee shail from time to time not;iy mortgagor in writ:ng of the arr,o~nt dve and payable hereunder and such sum sha[I thereupon be due and c.ayable on the due daTe of thz next monthfy payment and each successive month thereafier ur,tit mortgagee shail norify morrgagor of a change in such ~••~ount_ 5~ch sums shai! be appiied by mortgagee toward the payment of real property taxes, insura~xe prem:ums, and mertgage g~aranty insurance " n~emiums. IN ~YITNE55 WHEREOF, the sa~d MORiGAGOR has hereunto set his hand and seal the day and year (irst afwesaid. Siqned, Sealed and deliver~J en the presence ofc ~ . ' obert F , rttmbull ~an tseaq _ _ ~ (Seal) ~ Can ace . Trum u ~ cSeap f STATE OF FIORIDA ~ couvrv oF St . Lucie ~ ! Befwe me personatty appeared Robert TILIIDUIIll and ; Candace A. Trumbull his wife, to me well known and known to me to be ~ rhe ind;v;duats described in and who executed the foregoing instrument, and acknowledged before me that they executed the same for the purposes therein expressed. And the said Candace A. Trumbul2 ~ +~~fe of the said Robert F. T2ll~b1111 upon a separate and private exam~nation by me taken sepa+ate and apart from her sa;d~acknowledged to and before me that sfie execused said instrument freely and volun- tan;y and w~tho~t any compulsion, constraint, appreh ~ f ar f or irom her said husband. WITNESS my hand and offic~al seal this- day of December A. D. 19 73 i r Notary Pubtic in and for tne State of florida at Large Return Ta MY Con~nus~on expires: First Federai Savings 3 loan Associanon - - ~ Of fori P erte. ~.+i i.~stllJ'~~j' Fort P;crce, Fior~da ~ ,~~fkFbkr Pue[le: STATE n11~1CBMD~ ! RD!~ ~ - ~f, ~~y~•: E?c~IR 4~ d~5 1....,.. :S, IAN. 7. Mf77 ~ ' ~~~1 i ^~~r.:dfi Ud:;AEIS ~l1S~if~tG4 , r i : ~Qfl~fa ~ - ~ This Instrument Prepared $yJohn W. ('ollitl ~ First Federal Savings 8~ Loan Association ~.rt ; ~ ~ fILED AM~ RECORpEO of Fort Pierce ~ Flozida ~p~~;~~l1a ~.l~"v:~:z' :LWCIE COUttTY?U. ~ C~~'••......••.:~'y~ ROCF~2POITRAS • ~ , Checked Byr~-- - r CIERK CiRCU1T COURT l ~1~'~ ~ RECaRn vFR~F~E~~ f ~ Q~~z ~ ~ o~ ~i a ~4 PH ~~3 soox P,~; ~~9 • 271639 , : - , _ ..:~y ~ ~ _ . - F ~ ' l - .j . ~ _ ~ " ~ `~'~+~'~'~C'-'~ ~ . : e ' w~5.~