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Home My WebLink About2368 ~ . . 3. To place and continuo~sly keep on the b~:'d~~igs now or htreafter a~t~ate on sald ~and and on all equipment dnd per3onal~y covered by th~s mwtg- ~gs, w~th all premi~ms thrreon pa.d ~n luil, fue ins~rance ~n tha uswl ~r,tndard pot~cy form, in a a~m apprcvad b~ tha MORi(~AGEE, e~~d wi~Jstorm insuronte in ~he usual s~andard pot.ty (orm, in s sum aFpro.ed by the MORTGAGEE, in suth tompany o~ co~„pan~es a~ ~he MORiGAGEE may dirett; and all fi~e and w~nJuorm ins~rance polrc~es on eny of sa~d bu~ld:ngs, any inurest therein or part thrreol, in the aggrega~e sum aloresa~d o~ in excess ~hereaf, shall ;ontain ~he ususl standard mortgagee clause or such o~her dause as the Moityagee mey requ~re, maling the loss undrr se~d poli- cies, each and every, payab!e to sa~d A10RTGAGEE aa ~~s inreres~ may aypear, and each and eve~y such pohcy shall Ix promp~iy ass g~ed a~d de:~yered ro •ny held by sa~d MORTGAGEf as /ur~her secur~ty to said mor~gage debt, and, ~or less than ten (10) days in adva~xe oi ~he exp'uation of each po~~cy, to da- liver to said MORTGAGEE a renewal thereof, ~ogether with a rece~pt for the premium of such renewal; and thare shall be no f.re or windstorm insurance p~xed on any of sa~d build~ngs, any interes~ there~n or part tnereof, unless in the form and w~ih ~he loss payable as afo~esaid; and in the eYen~ any sum of money become~ payabl~ unde~ such polity o+ poLciei sa~d MORTGAGEE sh.~ll have the option to ~eceiva and :.pply the same on account of the indrbred- ness secured hereby w to permit sa~d MORTGAGORS to recri~e and use it or any par~ thrreof for o:ne+ NurF.oses, v.~~ho.,t ther.u~ .~.:~~~.~7 c~ ~~~~p..n- ing any equ~ty, I~en w riyht undrr or by virtue of this mo~'yage; and in the evrnt sa:d MORTGAGORS sha? 'or any reason fail to keep the sa;d premisrs so insured, w fai) to de'ive~ promptly any of said poLcies of inswance to s~~d MORTGAGEE, or fail promptly to pay fully any premium therefor or in a~y retpect fail to perform, d~scharge, execute, e~fect, complete, comply with end ab~de by this covenaro, a any part hareof, sa~d MURTGAGEE may placa a~~d pay fa s~ch insurance or any part thereof without waiving or af(ecting any option, lien, equ~ty, or right unde~ w by virtue of this Mortgage, and the full amuunt of each and every svch payment shall be im~nediately due and payable and shall bear interest from the date the~eol until po~d at the rate ot nine per centum per annum and to~rther with such interest shai~ be securtd by the lien o( this mortgage. 1. To permit, commit or suffer no waste, impairment or deterioration of said property o? any part tixreof. ' S. To pay all and sing~lar the coses, charge~ and expenses, includin~ a reasonable anorney's fee and costs of abstracts of title, incurred or pa~d at any tirne by sa~d MOt2TGAG:E, because a in the event of the failure on the part of the said MORTGAGOR to duty, promptly and f~liy perform, d~scharge. execute, effec~, comptete, comply w~~h and ab:de by each and every the at~pulat~ons, ag~eements, conditions, and covenan~s o{ ~aid pro~n~ssory note and this mortgage sny or eitFer, and sa:d costs, charges and expenses, each and every, shall be immediately due and payable; whrther o? not there be nonce da mand, attempt to collect or suit pend~ng; and the fult amounl of each and every such payment shall bear inte~est from the date thereof until Faid al the rate of n~ne per cemwn per annv.~1; and alt said costs, charges and exrrnse: ~rxur~ed or paid, together wdh such interest, shall be sewred by the Gen oi tha mortgage- 6. That (a) in the eve~t of any breach of this Mortgage or deiault on the part of the MORTGAGOR, or (b} in the eveM sny oi sa~d sums of money herein referred to be not pro~np+ly and tully paid wiih~n thi:ty l30) days ne,c~ ai~~r the same severatty become due and payable, without demand or notice, or (c) in the event each and every the st~pu~ations, ogreements, condis~ons and covenants of sa.d pro~nissory note and th;s mortgage any or either are not ~uly, promptly and f~lly performed, d.scharg•_d, exec~ted, effeued, completed, co~n;~l~ed w~th and abided Sy, then in e=ther w any such event the sa~d ag gr¢gate sum mennoned in said prom~ssory note then remaining unpa~d, with interest atcrued, and aIl moneys secured hereby, ahall become due and pay- eoie forthwith, or thereafter, at the opt~on of said MORiGAGEE, as futly and completely as ii all o( N.e said sums of money were o~~ginally st~puiated to be pa~d on s~ch day, anything in sa.d pro~n~ssory note or in this Mo~tgage to the con~rary notr•i~hstanding; and ~hereupon a therea`ter at the opt~on of said MORTGAGEE, without nohce or demand, suit at law or in equity, therefore w thereafter begun, may be prosecuted as if all moneys secured hereby nad matured pnw to ds institution. 7. That in Ihe event that at the beginn+~g of or at any +ime pznding any su~t upon this Mortgage, or to foreclose it, or to reform it, or to enforce payment of any claims hereunder, said MORTGAGEE shati apply ro the Covrt having jur.sdiuion thereof for the appo~ntmeN of a Rece~ver, such Court shall forthwith appoint a receiver of s3id morrgaged property all and singular, inctud~ng all and singuta~ the income, prol~ts, issues and revenues f~om whatever seurce derived, each and every of wliich, it be~ng expressty understood, is hereby mortgaged as +f speufically xt forfh and descrlbed in the gran~i~g and habendum clauses hereof, and such Receiver shaU have att tfie broad ar.d effecf~ve funU.ons and powers in anywise entrusted by a Court to a Receiver, and ioch appoin:ment shalt be made by such Court as an admitted equity and a matter of absofute right to said MORTGAGEE, and witha~t reference ~o the adequaty w inadequacy of the value of the property mort9aged or to the so~vency or inso~~ency of said MORTGAGOR or the defendants, and ~hat such rents, profits, income, issues and revenues shali be applied by such Rece~ver accord~ng to the_lien w eq~,ity of said MORTGr\GEE and the pract~ce of such Court. , 8. To d~~y, promptly and fu:ly perform, d~scharge, execute, effeU, complete, compiy with and abEde by each and every the stipulations, agree~nents, conditions and covenanrs in sa~d prom~ssory noie and th~s mortgage set fo~th. " 9. That in the event !he oJVnership of the mortgaged premises, o~ any part thereof, 6ecomes vested in a perwn other than the MORTGAGOR, the IS'.ORTGAGFE, its successors ar.d assigns, may, withovt notise to the MORTGAOR, deal with such successor w suttessw in interest with reference to tF~is mo:tgage ard rhe debt hereby secured in the same manner as w~th I'Aorrgagor wnhout in any way vit;ating or d~xha~ging the 111ortgagon' liabitity here- ~nder or upon the debt neieby sec~~ed. No sale ol the Frernises hereby mortgaged and no lorbearance on the part of Ihe fAORTGAGEE or its svctessws or assig~s and no extens~on of the r,me for the paymenf of the debt hereby secured given by ihe NORTGAGEE or its s~ccessws or auigns, a~:all operate ~o release, d:scha:ge, modify change or affect the orig~nai liao~{~ty of the MCRTGAGOR herein, either in whole or in part. 10. It is spec~fical~y agreed that t~~ne is of the esse~ce of this contract and that no waiver of any ob~~gation hereunder or of the obligation se- c~red hereby shail a~ any hme rhereafter he he:d to be a wa~ver of fhe trrms hereof w of the instrument secured herby. I l. In add tio~ to the forego ng montF:y paym~nts ot pri~c pal and ime~est required by the promissory o~te secwed hereby, mortgagar covenants and agrces to ~ay to mo-fyagce v.ith eacfi mc~~th!y pa~~.~ent an add~rional sum es!~~~.ated by mo!rgagee to be equal !0 1; 12 of the annua! [ost of the follow- ing: A-All rEal prop^ny ta,~rs !evied or d55^_SSCiI aga~•:st sh~ abovr descri.~,cd real estate. 6- Pren;iun,s on fire and viii;ds!onn ;nsurar.ce as here~n requ:red to t~ carried en the ~mproveme~ts situate on the above descr;bed premises. C-Prem~wns on wch n•:ort,aae g~aranty ir.surar ce as mo•tgagee sha~l from t R~e to t~me deem fit to carry on the loan secured hereby. i LSortgagee sha!! f-om ti~ne to ti~ne notif~ mortgagor in writ,ng of the amount due and payabte hereundar and such sum shail thereupo~ be due and ! c.ayable on fhe due dare o# the next monthiy payment and each successive month thereafter ur.til mortgagee shall not]fy mortyagor of a change in such ~ a•nount. Such sums s~a:i L•e app:~rd by mortg.~~e to+vard the pajment of real property taxes, insurante prem:ums, and mo~tgage guaranty insurance premiumS. p IN Y~?TNESS ' R" e said MCRT AGOR has hereunto set his hand and seal the day and year first afwesaid. ~ e . Signed, Seal a vered in the pr ence of: „ ~ ~i , F ? 1 Y. ~ ~f ` C9-~-1 ~~-'"V~'yt ~ t'~"~~" ~ea ~ Thomas Carl mwnzng Witnesses ~~a~~ ~ _ ~ ~G ' ' (Seal) ~ Melissa Dovmin ts~a,~ ~ STATE OF FLpRIDA t ~ ~OUNTY OF ~~~~C+1~OY1 i ~ Before me personally appeared ?homas ~IZ DOWlllllQ and Melissa Downing h~s wife, to me well known and known to me to be the individuals described in and who executed the foregoing instrument, and acknowledged before me that they executed the same for the purposes ~ rherein expressed. And the said___~e11SSa ~OWIIIIIU 'n N:fe of the ~~a _ _ Thnmas Carl DAWI11IIa ` upon s xparete and privats ~ ~ etam~narion by me takzn separate and apart from her said husband, atknowrledged to a~d before me that she executed said instrumem ~eki~~Ab7w~uo- rarily and wlthout any computsion, constra~nt, apprehenron, or fear of or from her said husband. ~ ~ - ~ WITNE55 my hand and off~c;a! seal this__ Zittl day of anuar ")q~~~ : - : s _ ~ • ` 1 Notary Public in and for the St e of:f{ori~a srgf ~Y =i- ' :3 My Commiasion expirese ; ~ = j : 'a ~ Retum To: " l7' : c-~ : ~ - e / First Federal Savings S Loan Associat~on ~~~~~Cr 4~ j-.~;1; ~jj„~~; " . Of Fo.t P erce. ~l~ IliS.~IUD ~!l~,'{{~ ~~11y.~~.~ %t J'; Fort Picrcc. ficrfda ?~~J~.~ <n - _ ~v _ i11E01~yi~ RECOFDfO - ST. LUC~C ~3i1MTlf FIA. - This Insfrument Prepared By R1Chdrd K. Kdy@S RBCEF '~1TR~S First Federal Savings & Loan Association CtERK Ci .::Ut3 CvURt of Fort Pierce, FlOrid2? RfCt~t~• ~i:~'`~E~-------- S/ L ~ .~AM I~I 3 26 PM'~~ ~?.L Checked By L~ L ~ ' ~ . _ ~ BOOi~ ~ ~