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Home My WebLink About2427 3. To place end continuousiy keep on the bui;d~ngs now or herea(ter situate on said iand a~d on all equipment and perio~afly covared by this morig- age, with all premiums ~hereon pa~d m full, iue insvro:,cc in the ~sva{ sTO,derd ~x,t~~y (orm, in a sum approved by the A101~1GAGFf, and w~~~di~orm • ~ns~~ance 7n the ~sual ~randard pol:cy form, in a sum approved Wy tAe MORTGAGEE, in such canpany or tompanies a~ ~he MORiGAGfE rnay d~rect; u+d all tire and w~nd:torm insuronce poGc~e~ on any of sa~d bu~ld:r~p~, any imeresi the~ein or part therrof, in ~he agg~ega~e s~~~ sto~euid or in excess thereof, shalt contain ~he ~suai standard morrgagse dawa o+ auch o~iui clausa as the Mortyagee mey reqv~re, mak~ng the losi ~~dr+ sa~d poli- rias, each and every, payable ro sa~d MORTGAGEE as ~b interest may ~ppear, a~~d esch and every such paticy shall be promptly ass gned a~~d deliverrd io eny he~d by sa~d MORTGAGEE as fur~her secur~ty to sa~d mongage debt, and, oot le3f than ten (10) deys in advance of the exp'uano~i of each poGcy, to do- live? lo aaid MOA7GAGEE a renewal thereof, together with a rete~pt for the premium ot such renewal; and Ihere fhall be no i~re or windstonn insurance p~aced on any of sa~d bui~d~ngs, any inreres~ ~here~n w parf thereof, untess in ihe form and wi~h the loss payable as aforesnid; and in the e~ent any sum of mo~ey b~comes payabie under such ryolicy or put~cies s.~'rd MORTGAGEE shall have the option ~o rec~iva and apply thz same on account of the indebttd- ness securtd hereby G fo'pe~mit S~~d MORTGAGORS to Ietaive snd u10 if p any parl thereof for otner pu~F~osrs, w~~hout th.nor wai~~n3 or ~~npa~r- ing ~ny ~qu~ty, lien w righl unde~ or by virtue of this mor:gagc; and in the event as~d MORTGAGORS shal~ for any reason fai! to kerp the said p~cmis:s so inaurad, or fail to deG~er promp~ly any o4 said policies o( insurance to sa~d MORTGAGEE, or fa~! promptly to pay f~;ly any pre~n+vm iherefw o~ in any rrs 1 fail to rform, d~schar e, execute, effed, can lete, com I with and abide b this covenan?, or an 4 P~ Pe 9 P p Y y y par~ hereof, said MORTGAGEE may place and pay fw such insurance or any part the~eof wnhout woiving w affettin an o tion, lien, ~ g y p equdy, or r~ght unde~ o~ by virtue o1 thit A1o~tgage, and tht ~ ful{ amount of each a~~d e.ery such paymrnf shatl be ;mmediately due and payable and shall bear i~terest from the date thereof until pa~d at the rate of ~,ne per centum per annum and to~e~he~ wirh such inte:est shaii t,e secured by the tien of thi~ mwtqaqe. ? 4. To pt~mit, commlt or suffer no v,;aste, impai~ment cr deterio~ation of said prcpe~Jy or any part thereof. 1 5. To pay all and singular t1x costs, clwrges and expenses, including a reasonable altuney's fee and cos4 of abatratts of titte, incurred ur paid at any time by s~id MORTGAG:E, bccause or in the event of the failure on the parl of the said MORIGAGOR to duty, pranptly and fully perform, d~scharge, _ ~.ecute, e(fec?, comptete, compty wah a~d ab;de by eacn end every the stipulat~ons, agrermenls, condrtions, and covenants of said promissory note and ~his ,,ortgage any or e~~Fier, and sa~d costs, charges and expenses, each and every, shall be immediately dun and payable; whether or not there be not~~e dr ~~and, atte~npt to collect or suit pend~ng; and ~he fu!! amount of each and every such paymen~ shalt bear inreres! (rom the date ~hereo{ unt;l ps~d a~ the ~.~re o~ nine pe~ censum per annu:n; end alf aaid wsts, charges and e;penses i~xurred u paid, logeiher wdh such interest, shall be aecured by the fien of th~s mortgage. 6. That (a) in the event of any breach of this Mortgage or default on the part of the MORiGAGOR, or (b) in the event any of satd sums of money i herzin referred to be not prornpNy and fully paid wirhin thirty (3U) days ncxi after the same severally become due and payable, without demend or ~orite, . or (c) in the event each and every tFu stiputaiions, agreemems, conditions and covenants of sa:d pra-n~ssory note and th~s mortgage any w enher are not iuty, pranpNy and fuliy performed, dncharged, ezecuted, efFec~ed, cornpleted, compl~ed with and abided Sy, then in either w any suth event the aaid ag~ ~ gregate sum mentioned in said promissory note th+n remse.^.ing unpa~d, with interest accrued, a~d atl mooeys secured hereby, shall become due ar+d pay- eb:e iortfiwith, or thereaiter, at the oprion of :aid MORTGAGEE, as f~lly and comp!etety as if atl of the said sums of money were origina!!y stip~lated ? rc be pa=d on such day, anytning in sa,d promiuory note or in this Mortgage to the contrary notwiihs~and~ng; and thereupon a thereafter at the option of ? sa;d MORTGAGEE, without nor~ce or demand, suit at law or in eq~ity, therefore w thereafter begun, may be prosecWed as if all moneys secured h¢reby ~ n_d matured pnor to rts institut~on. 7. That in the event rha? at rhe begin»ing of w at any time pending any suit upon this Mo~tgage, or to foreclose it, or to reiorm it, or to enfor~e ' payment oi any ciaims hereunder, said MORTGAGEF snail apply to the Court having junidiction the~eot for thp appointment of a Receiver, such Court shall forthwith appoint a receiver of said morrgaged proper~y alt and singutar, inctud.ng a~! and singular the irscome, p~ofas, issues and revenues }rom whatever s,u~ce derived, each and every of wh~ch, it being express!y underarood, is hereby mortgayrd as if sF*ec~iicatly set forth and described in the granring and haoendum clauses hereof, and such Receiver sha:l have all the broad and efiettive funct,ons and powers in anyw;se emrusred by a Court to a Receiver, and s_ cF; appoinrme~» shal! be made by such Cowt as an ad~nit:rd equ~ty and a malter of absolute righl to wid MORTGAGEE, and wi~hout reference to the ~ adeyuacy or inadrq~acy of the value of the property mo.tgaged or to the so~vency or ~nsoivency of aaid MORTGAGOR or the defendants, and that such ~ ren~s, profits, income, issues and ~even~es shatl be appfied by such Receiver ac.ordm to the lien or ~ ~eurt. 8 equ~ty of sa~d M{)RIGAGEE and ~he preuice of such i 9 8. To dufy, promptly and fully perform, discharga, execute, eEfecf, compfese, comply with and abide by each and every the st~pulations, agreemenis, ~ :cnd~tions and covenan~i in said promissor~ note and this mortgage sot forth. ; r 9. Thaf in the eve~t 1he ownersh;p of the mortgaged premises, o~ any part thereof, becomes vesred in s perwn other than the MORTGAGOR, the !:.ORTGAGEE, its successors and asatgns, may, withovt notice to the MORTGAOR, deat wi~h such successor o~ s~ccessor in i~terest w~th reference to this ; n,orfgage and fne debt hereby sec~red in the same manner as with Mortgago. w~theut in any way vit:ating or d~scharging the AAarrgagors' liabifity here- u^de~ p upon fhe debt hereby sec~r~. No sa~e of the Frem~ses hareby mortgaged and no ~orbearan~e on tix part of the MORTGAGEE or its successws or assigns and no extens~on af ~he rime for the pa•~ment of the deb~ hereby secured given by the MORTGAGEE or its successars or ass~gns, a~~all operate ~o re~ease, d~scharge, mod~Fy change or affect the o.~g:nai fiao~lrty of fhe JMORTGAGOR herein, either pn whole w in part. 10. :t is spec+ficalfy agieed tha~ time is of the essence o~ this contract and that no waiver of any o6ligaNon hereu~der or of ihe obligation se- cured hereby shaif at any time thereafter be held to be a waiver of the terms hereof w of the instrument secured herby. 11. In add:t~o~ to +he forego n~ •;,Q~!hly payn;ents of princ pal and interest required by tt~e prom~sscry no!e sea~red herzb~, mo+tgagor coveoants d agrees te ray to mo~tgagee w~th each menrn,y pa~:.:ent an add~r;onal sum est:mated by mortgagee to be equal to 1/ 12 of ~he ann~al cost of the follo~r- A-All real property taxes lev~ed or assessed ag+~~~st the above desvi~,cd rral estate. B-Pr~m~;,~ns on fire and wir,dstorm ~r.swar:e as nere~n rr.qu;red to be cacried on ti~e irt:p~ovements sit~ate on the above d~scribec~ premises. i C-Premiums on such mo~tg~ge g~aranty inwra.,te as mo~tgagee sha11 from t~me to time deem fit to carry o~ the lorn secured here6y. 6 Mortgagee s~~il from time te t~me naify mortgagor ~n w~ihng of the arno~nt d~e and payable hereu~drr and wch svm shall thereupon be due and :~rable on the due date of ~hz neKt mo~th:y payment and each successive month thereafter ur.til mortgagee shall notify mort9agor of a thange in su:h ' ~~nt. Such sums sF a;! be app!ied by mo~tg3gee toward tne payment of real ~roperry taxes, insurance prem;~ms, and mortgage guaranty insurance ' E.T.IU/115. IU V~ITP~ESS YrHfR~OF, the said h10RTGAGOR has hereunto set his hancf and seal the day a year ' st afor ~d 2 S~gned, Sealed and deGvered in the preser,~e of: G~,'~~" - - ~ LEn Ah_ rt.CJ3t~E0 ~ ~ ~ (S~al) ~ S~.la~•• :,~L?tTr Fla. ~ .r .j ~ 'C~~ L- ~ - ClC' ~ ~A uRT~` -t5eaq ; p t r : ~ • - ~ ~SeaQ ISeaq ;TATE OF Ft~RIDA f~8 I~ " 30 A11'~~ St. Lucie ~ ~JUtiTY OF _ ~ ~ ~ Before me personaily appeared JOhl2 D. E1115 ~ $t . ~ a~ ~ Carrie H. EZI1S his w;fe, to me weli known and known to rtce to be ~ rn_ ind~viduals described in and who executed the foregoing instrurrKnt, and acknowledged before me that they exetuted the same for the purposes ~ rh~rein expressed. And the said- CaY=1@ Fl. $1~13 " +.:{e of the said • ~ Johr~ D E21is $r. upon a separate and private eRam~nat~on by me taken separate and apait from her said husband, acknowledged to and before me that she executed said instrument treely and volurt- r~niy and w~thout any compuls~on, constraint, appreher.s:on, or Eear ot or from he~ wid husband. WITNESS my hand and offic:al seal this_ 8th _ day Feb~u 'IY A. D. 19 74 E ~ ' ,L ' ~ • ~ ' i •.F'.~. Nolary Public in and fpr t State of orida et Large ~ / My Comm~ssior+ expires: _ ~ f Return To: First Federal Savings d. Loan Association p Of Fort P.erte. _ ~ •`ti Fc.i ?7crcc. Flcr~da • .~~fi..~~~ ; . = 4t t~-35 ty o, , r ~ / . I /j~.a ~ { T•'V.~ , This instrument Preparsd 8y John W. Co2lins ~:'~N 0 1 i; First Federal Savings 8 Loan Association : l: „ of Fort Pierce, ~lorida = =-i ° ~ ~ss . :~~?~pV$~IC :•`'Y Checked By t~-- -r: : ~Z~ PACE 242? ~.ti~'• , .c i,+, . ~.r i~~