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Home My WebLink About1325 3. To place a~d conlinvously kcep o» the bu~:J~~:~s now or herrafter ~iWats an ~a~d I~nd and o~ all cqu~Nmero and personaUy covcred by ~hli ma~g ~g~, wi~h all premiums Ihe~con po~d in f~ll, fire insur+nce ~n tn~t uwal s~anderd pol~cy fo~m, in •~um ~rNprovrd by the MORcG:.GEE, and w~MJsrorm inwranc• in tM usual i~anJard poLCy fam, in a wm approred by the MORTGAGEE, in ~uch compahy or compan;es as the AtOR1GAGEE may direcl; ~nd a11 {he and w;nd~~o~m insuronte pol;ues on any o) sa~d bu~ldmgi, ~ny inlera?t ~he~ein w parl thereof, in t{~e a99i~ga~e wm afaeiaid a . in sxcess the~eo(, ~h~ll confaln ~ha usuel standard mat9ay~re ~(ause a wch oiher dause u the Mo~ryages may rcqv~~e, makin8 u~a ~os~ unde~ s.+~d po~i~ de~, each and aveiy, payab~e to sa~d MORTGAGEE as ~~t ~~~rres~ may appear, a~d each and every wch pot~cy ~hell be promptly ass gr~rd and dri~vared ~o any htld by said M~RTGAGfE as furthe~ security to uid mortgaye debt, and, not less than ten (10) days in advante oi tne txpiration of each pol~cy, to d~- I~v~~ ~o said MORiGAGfE a renewal thereof, togeeher w'eeh a~ece~pt lor the premlum of sucfi re~~ewal; ~nd thrro shall be no 1~re or wiudsto~m insurance plsced on any uf s~id buildings, sny i~tereit there;n or par~ thercwf, unle~s in the form and with the ioss payable ai a(oresaid; and in the event any sum of moMy becomes payable uoder such policy a poGcies said MORTGAGEE shall have the opt~on to recr~ve a,~d spply the ume on accoum of the indtb~ad• ~ neu sec~red hereby w to pcrmit sa~d MORIGAGORS ~o ~eceive and use i~ a any part thereof iw otner purposes, .•n~ho~t ~h,~. ut ~vs~.a ~g cr u,~pe~r• ~ ing any equity, Gen ar righ~ ~nder or by virtue oi ~his mo-!9age; and in the evem sa~d MORTGAGORS shatl iw any reason lait to kecp rhe sa~d pre~n;sas w ~~sured, w fail Io deliver pron,ptly any of said polKies of insurance ro sa~d MORTGAGEE, o~ falt promptly to pay fuily ~ny prem~um ~he+e~or or i~ any re~pect fail b pe~fam, discharg~, execula, ei(ecl, comptete, comply wiih a~d abids by this tov~na~t, or any par/ hereof, said MURTGAGEE may pi~ce a~d ~ pay (w fuch insurance o~ any parl thereof w~~hout waiving or •ffecting any option, Iien, equity, or right under or by virtue of this Matgage, and the ~ full amouM of each and every such payment shall be Immediatety due and payable and shall bear iMerett lrom the date ~hc~eof uneil paid at the ~ate ot nine pcr centum pe~ annum and togelhcr vvirh such imerest shall be srtured by the lien of this mwtgag8. To permit, commit a sufier ro vraste, impairmcnt a deterioration of said propevty or any pa~t lhereoi. S. To pay atl and singut~r the costs, charges and ezpensas. ~ncluding a reasonable anorney'i (ee and cost~ oi abstracts of title, irxurred o~ pa~d at any time by said 11'ORIGAGfE, becausc or in rhe eve~~ of the fa~lure w+ the part of ~he said MORTGAfiOR fo duty, promp~ly and fully perform, d~scharge. execute, effed, complete, comply w~th and ab:de by each and every the st~pulat~ons, agreements, conditiont, and covenanri of said p:om~saory note and fhi~ mortgage any a eithei, and sa~d cosls, charges and expenses, each and every, shalt be immediately due and payabta; whrther or not there be r+ot~ce da mand, attempt to collect w suit pend~ng; a~d ~he tvll amount of each and eve~y such payme~l shall bear interest from the date thereof un?il paid ai the ~ate of nine pe~ centum pzr an,~u~n; and all said costs, cha~ges and eaper,ses incurred w p~id, together w~th suth ~nterest, thall be secured by the Gen of tha mOtf9~e. ~ . 6. That (a) in the event of any breach of this Mortgage or default on the pa?t of the MORTGAGOR, or (b) io the event any of sa:d sums of money herein refe~red ro be not p.omp+fy and fuNy paid w~rhin therty (30? days nex+ after ~he same saverally becoo~e due and payable, witlqut demand a nofice. or (c) in the event each and every the uiputafions, agreements, cond~tions and covenants of sa~d promiuory note and th~s mortgage any u eifher are no1 iuly, pcomptty and fully pe~(o.=ned, d~uharged, execu~ed, effected, compkred, compGed wfrh and ab~ded by, then in e:the~ o~ any sucb event the ia~d ag gregate suryt mentioned in said promissory note thrn remain;ng unpaid, with interest accrued, and a11 moneys secured hereby, shall betome due and pay- able forthwith, w thereafter, a~ 1he oprion oi aaid MORTGAGEE, as fully and completely as if alI of the sa~d sums of money were a~g~nally st~pulated to be paid on such day, anything in sa:d promisso~y oote or in this Morlgage to fhe contrary notwithstand~ng; and thereupon q thereaher al the option of said MORTGAGEE, without notice or demand, suit at Iaw ot in equity, tt~ereiore or thereafter begun, may be prosecuted aa if all moneys setured hereby nad mawred pnor to i+s institution. 7. 7Mt. i~ Ihe event that a~ the beginning of or at any t~me pending any suet upon this Mortgage, a to fo~eclose it, a~o reform it, w to e~force payme~t of any claims he~eunder, said MORTGAGEE shat~ app~y to the Cour~ having jurisd~ction thereof tw the aFpointment of a Receiver, s~ch Covrt shall forthwith appo:nt a reteiver of said mortgaged property ati and sinyvlar, includ~ng a!1 and s~ngu~ar th~ income, prof~rs, +ssues and revenues from whatever seurce derived, each and every of wh;ch, n being exprpsaty unde:itood, is hereby mortgaged as if spec;ficatly Kt forth and deuribed in ~he granting and habendum clauses hereo(, and such Receiver shall have a11 the broad and effective lurttt~ons and powers in anyw~se entrusted by a Court to a Receiver, and s~ch appointment shal( be made by such Cou+t as an admirtzd equity artd a matter of absolute right to said MORTGAGEE, and without reference to the adequacy or inadequacy ot the value ot the property mortgaged or to ?he so~vency or insolvency of said MORIGAGOR or the defendants, and that such renrs, prof~ts, income, issues and rercn~,es shall be applied by such keceiver according to the tien w equity of said MORTGAGEE and rhe practice of such Court. ~ 8. To dufy, promptly and fully pe~form, d~scharge, execute, effect, compT~e, canply w~th and abide by each and every the stipulations, agree~nents, :onditions and covenaNS in sa~d promissory note and this mcrtgage set fwth_ ' 9. That in the event the ownership of tF[~ rnprtgaged prem~ses, w any pa~t tnereof, becomes vested in a person other than the MORTGAGpR, the 1~'ORTGAGEE, its successws and ass~gns, may, w~thout no!ice to the MORTGAOR, deal with such successw d successor in interest with reference to this mo~tgage and the deot hereby secured in the same manner as with rAortgago~ w~thout in any way vitiating or d~uharging the I~M1ortgagors' liebilify herr ~nder or upon the debt hereby secured. No sa!e of the premises he~eDy mortgaged and no forbeara~ce on the part of the MORiGAGEE w its successors or assigns and no extension of the time fer the payment of the debt heieby sec~red give~ by the MORiGAGEE or its successws or ass~gns, a~tiall operate ~o release, discha~ge, modify change or affect the orig~nal liab~fity of the MORiGAGOR herein, tither in whote o~ in part. 10. It is specificatiy agreed that time is of the essence of this tonvatl and lhat no waiver of a~y obligat~on hereunder or of the oblgaYan sr cured hereby shali at any time thrreafter be heid to be a wa~~er of the terms hereof w of the instrumeM secured herby. 11. In addnio~ to the fwego.n~ month!y payments of princ pal and inirrest required by the prom~ssory note secured hereb~, mortgagor covenants end agrees to pay to mongagee with rach monthiy pay:a;ent an add~rional sum estimared by mortgagte to be equal to 1 j 12 of rhe annual cott of the follow- in~: A-All real property taxrs levied or assessed aga~nst rhe above described real estate. B-Prerr.~~ms on iire and windsto-m inwrance as here~n requ~red to be tarried on the improvements sitvate on the above d~stribed premises. C-Premiums on s~ch mortgage g~aranty ensurar,te as mortgagee shaR from t:me ro time deem fit to carry on tF~e ioan secured hereby. Mortgagee shail f,om t;me to time notify mo+tgagor in writing of the amount due and payable hereunder and such sum shalt thereupon be due and F ayable on the due date of the n~~r monthly paymero and each successive month thereafter ur.til mortgagee shall notiiy mortgagor of a change in such a^,ount. Such sums sFaif be appi~ed by mwtgagee ~oward the payment ot rea~ property faxes, insurance prem;ums, and mortgage guaranty insurance p•emiums. . IN \'11TP~ESS NHEREOF, the said MORTGAGOR has hereunto set his hand and seal the day and y a fint aforesaid. I Signed, Sealed and delivered in the presence of: ~ ; ~ ~~p ?NO RECOR~E~ ~ f~.LUC{E COUIiTY L ~ - _ ROGER FufiR?S ~ S~O! N. Tedd@! (Seaq - CIERK C~~?GU~~ COURT . (S~aq r . RfCORD ~f~~`~~?' Bdna M. 2edder r~a~ ~ STATE Of fLORIOA 'Z I~~ I fl' - ~ cour,n oF St• Lucie } 2•71,7,~J ~ Before me persona:ly appeared ~d~lf0=d T~d@Z a~ ~ Sdna M. Tedder ha wife, to me well known and known to me to be i rhe individuals destribed in and wiw executed the foregang instrument, and acknowledged Lefore me that they executed the same for the purposes therei~ expressed. And the said ~Ila N[• # Tedder ,Ntfe of the said Sa?nford N. Tecider a~eparate and private e.ami~ation by me taken separate and apan from her said huaband, acknowtedged to and befo~e me that she executed said instrurnent freely and VOIUM ~~.,ly and w~thout any compulsion, constraint, apprehens~on, or fear of or from her wid husband. ' _ - t ; WITNES$ my hand and offic~al seal this~ 31St day of_ ~Ceaber A. D. 19 73 ~ ~J • Nofary Public in and for F e State of Florida at Large i My Commusion expires: Return To- ' fint Federal 5avings 3 loan Association Naory ?v~Cc, Shl~ ~f EMri~~ al Leh/ ; Of Fort P.~rt~. ~1y Comw~issioe f:pins Ocf. 30. 117~ { For~ P~erce, Ffer~da 8onded br Ame~ican Firo Cat~rotry Co~ ~ ...-.,:`c:r;,,. i .~~fj~/ i This Instrument Prepared By John W. Co12irls ~ ~ First Federa! Savings ~ Loan Association ~ ~ ~ ~~'•.'~'1`~ ~ ~ of Fort Pierce ~ Flor ida ~ . : : . Checked B r. e ° - - , 4 y aQO~ 222 . ~ ~ , ~ ~ . : . - - , ~ : - ~ - L~ ~ ~ ; "S. ~ rf~'Y?`r"--~` Lr . ~ _ . . . ' - - - y y~' : ~ ~ . ...r . ' ? .e4- '+~.3wc