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Home My WebLink About2692 3. To plate and cominuously keep on the bu~'d,ngs no~r o~ he~:a(ter iit~~te on sa;d ~and and on aC ~~quip~mnt and pe~w~ally corercd 6y this mo~~g- ege, wuh all p~em~ums thercon pa~d m futl, lue insv~ar.ca ~n tne usuat s~a~xiard pol~q form, in a i~m apWo~ed by the MUR~'"v%.GEE, and w~nJs~orm msurance in IAe usua~ standard po~~ty form, in a s~m aHp~oved by the MORTGAGEE, in such co~:~pa~y or comE~ames as fhr AtiOR(GAGEE may d~rect; •nd ali tire and w:ndsro~m inauran~e poGi~rs on any of sa~d buiidmgi, any imerest the~e~n or pi~1 thereol. in the aygr~9a~e w~+~ atoresa~d or in excess thereof, shall co~~ai~ the usuai stand~rd mor~g:agre ciause w such oiher cleuse as the Mor~gagae may rrq~.re, mali~~g tha ~oss v~~Jrr s.~:d poli- ues, each and eve~y, payab!e lo said n10RTGAGEE as ~ts inra~ast may appea~, and each and every such po:~cy ahaU be promptly ass gnad a~~d de,~Yer~d io eny held by said h10RfGAGEE as fur~he? sec~rity to sa~d mo~~yage debt, and, no~ les~ ~han ~en lt0) davs in advance oi ~he exp~ra~~a~ of each pol~cy, ~o de- Gver to said MORTGAGEE a ~enewal thereof, toge~her w~th a rece~pt for the p~rm~um oi such ~enewa:; and there shall be no f~re or w~ndew~~n i~surance placed ort any of said bu;ldings, any intereat ~hereio or part thereof, unless in the form and with the toss payable as atoresaid; and ~n the eve~~t any s~m of money become~ payable under s~ch po~icy or poGcies sa~d MORTGAGEE shall have ~he op~~on ~o rece~oe and apply ihe same on accou~~t oi rhe i~~J~~crrd• ness secured he~eby u to permit said MORiGAGORb to ~rteiva and use i1 0+ any pa+t ther~of lo~ osncr purF~osrs, v.~ihov~ ih_r~~~ .v,,,,~ i~ .r ~~~~pa~.- ~ng any equity, I~e~ w rigM under or by virtue of lhia mortgage; and in the event u~d MORTGAGOR$ shali fpr any reason fail to karp ~he aa~d prem~s:s so ~nsvred, or fail to detiver promptly any of safd po(~ties of insurance to sa~d MORiGAGEf, or fai! p~omptly f0 pay fuily any p~e~nivm thcrefor o~ in a~y - .espec~ fail to periorm, discha~ge, execute, e(fect, comple~e, comply with and abide by this cove~aN, or any part hereof, said MORTGAGEE may place a~~d ' pay fa such insurance or any part thereof w~~huu~ waiving w af(ecting any opt~on, I~en, equ~ty, w r~ght u~der o~ by virrue of rt~~s hlo.tgage, and ~he f~il a~nount of each and every wth payment sha11 be im.~»ed;eteiy due a~d payabte and shall brar interes~ from tha date thercof unri! p:,~d a~ the ra~e oi ~~~~e per cNm~r-~ per annum ar.d to~rther with svch interest shaN be secured 6y the lie~ of this mortg~ge. To permit, comrt~it a auf(er no waste, impairment or deteriorat~on of said property o~ any part therrof. 5. To pay afl and singula~ ~he tosts, charges and expenses, inctuding a reaso~abte attorney's fee and costs of abstracts ef tifle, encuned or pa~d at eny time by said h10RTGAGEE, because or in the event of the failure on the part of the said MpRfGAGOR to duly, prompNy er.d fu~ly pertorm, d~scharye. ~xec~te, ei(ect, comple~e, tomply wnh and ab:de by each and every the stipulanons, agrerments, cond~tions, and covenants of said prom~ssory note and th~s mortgage any or either, and sa'd costs, <harges and expenses, each and every, shall be immed~ately due and payable; whether w r.ot thare br nonce da n,ansl, attempt to toliett or suit pend~~g; and the tul~ amount of each and eve~y such payrr~nt shall bear interest from the date thereof ~ntil paid a~ ~he ~.~re o~ nine per cr~t~m per annum; and all said costs, cF.arges and expenses iruur~ed or paid, together wah such interes?, shall be secured by the I~rn of thi~ - m.ortgege. 6. That (a) in the event of any breach of this Mortgage or default on the part of the MORTGAGOR, or {b) in the event any of sa:d svms of money here~n referred to be not pranptly and futly pa~d w~~hin th~rty j30) days next afte~ the same severalty becane due and payable, withouf demand o? not,ce, or (c) in the event ea~h and every the stiFw!ations, a9reemeNS, conditions and covenaMS of sa;d promissory note and th~s murtgage any or either are nof iuly, prompfly and fully performed, d:scharged, eaecuted, effected, comple~ed, compGed with and ab~ded Sy, then in e~iher or any such event the sa:d ag- ~~eyate sum ~nentioned in said p~om~ssory note tF~en remaining ~npaid, w+th ir~ere;t accrued, and a:l moneys secured t~reby, shall beco~ne due and pay- ab'e forlhwith, or thereafter, at the oprion of said MORTGAGEE, as iully and completely as if a!I of ~he aaid sums o~ money were or~gfna;ly st;pu:ated ro be pa~d oo such dcy, anything in sa d piom~sso~y note or in this Mo~lgage to the contrary npr~~thstandi:.g; and thereupon or theieafte~ a~ the op~:on of sa;d MOR~GAGfE, without norice or demand, suit at law or in equity, the~efore a thereatter begun, may be prosecuted as if all moneys secured hereby ned matured pr~or to ds inititution. 7. Thaf in the evenf that at the beginni~g of or at any time pending any suit upon this Mortgage, o~ to torectose it, or fo reform it, or fo enforce payment of any claims hereunder, said MORTGAGFE shatl apply ~o the Coun having jurisd~a+on thereaf (o~ the appomtmenf of a Receive~, such Cour1 shall Fcrthwith appoint a rece~~er of said mortgaged propert~ all and singula~, includ~ng a{f and singular the income, prof~ts, issues and reve~ues fiom wfiatever sru.ce derived, eath and every of wh~ch, it be;ng ezpressty undersrood, is hereby mortgaged as if speu(icalty set (orth and dexribed in the gran~~ng and habendum clauses hereof, and such Receiver shau have all the br~ad and eifecr~ve funct.ons and powers in anywise entrusted by a Cour~ to a Receiver, a~,d s_ch appointment shall oe made by svch Court as an adrnittrd equ~ty and a ma~rer of absolute rigM to said MORTGAGfE, a~d withcut ?eference to the >.!equaq or inadequacy of the value of the property morrgaged or to the so~vency o~ insotvency of sa~d MOR(GAGOR ar the defendants, a~d ~hat s~ch r_•~,rs, profits, income, issues and revenues shatl be app:~ed by such Receiver accord~ng to the t~en or equity of said MORiGAGEE and the prauice of such Court. 8. io dufy, Fromprly and fuAy perform, discharge, execute, eitect, complere, compiy w~th and abide by each and every the stipu~ations, agreemems, cond~tions and covenanti in sa:d prom~ssory no~e and th~s mortgaqe set forth. 9. ihat in the event the ownersh~p of the mortgaged pre.n~ses, w any part thereof, becomes vested in a pe~wn other than the MORTGAGOR, Ihe ; .'~RiGAGEE, its successors and ass~gns, may, wdthout nm~ce to the 1!ORTGAOR, deal with svch successw w s~ccessor fn interest with referer.ce to this 0 o~igage and the debt hereby sxured in tne same ma~ne~ as wnh Fdorrgago. without in a~y way vit:ating or dncharg~ng the 1ltorfgagori liability here- ;.nder or upon the debt hereby sew.ed. tJo saie of the Frem(ses hereby mo.tgaged ar.d no forbearance o~ the part of rhP 1J10RIGAGEE o~ its suctessors o- ass~gns and no exrension of the time for the paymem of the debt hereby sec~red given by the MORiGAGEE or its duccessors w assigns, s~.afl oNerate ~o release, d~scharge, modify ~F~ange or affect the original iiao~l~ty of the MORTGAGOR herein, either in whole or in pa~t. 10. It is spec~fically agreed that t~rne is of the essence of this contract and that no waiver of any obt~gat~on hereunder or of the obligation se- :ured hereby sha!! ar any time the~eafter be heid to be a waiver of the terms hereof or of the instrument secured herby. 11_ In add.tio~ to the forego ng rnonth`y paym~nts of princ'pa: and interes! required by the prem~s;cry no!e secured hereby, mortga~or covenants d agrees to pay to mortgagee v~~th each ~r.onthiy pay~nent an ad:t~riona~ sum esf~:r,a~ed by mortgagee to be eq~al to 1. t2 of ff;e annuai cost of the foilow- A-A!t real prope:ty taan levied or assess_•d ag.~i•~st the a~ove dascribcd real estate. B--Pr~n.;u~ns on fire and wir,ds+onn msurarce as h=re~n ~equ~red to be carried on the improvements rtvate on the above described premises. C-Prem;ums on such mort~age guaranty ~r.w.a..ce as mortgagee sha~l from e,me to time deem fit to carry on the loan secured hereby. Mortgagee sha~~ from t~me to t~me nonfy mortgagor ~n wr;ring of the amou~t due and payable hereundar and svch su:r. sha!I ther~upon be due and +,ab1e on the due date of the next .r,onth:y payment and each successive month tF.ereafter ur.til mortgagee shall nonfy mortgagor of a charge in such +,ount. $uth s~ms s~a;f be app:~ed by mortgayae tov~ard the payment of :eal properTy taxei, insurance prem;ums, a~~d mortqag2 yuaraniy insuaar.ce ~:-~•emi~ms. , IN \YITNESS WHEREOF, the said MORTGAGOR has hereuntp set his hand and seal the y and year first aforesaid. Signed, $ealed and delivered in the presence of: , ~ an " Ct' ^ ~ . ridge, tsea~) - , ' ai~ _ - a r c a . r ge ~~ai~ ' . : S ~ ATE Of FLORIDA ~ j ~~:itdTY OF Ct. Lucie ~ ~ ` I. E. Estrid e III S Before me personally appeared g s s and ~ Patricia C. F,stridge ; his wife, to me well known and known to me to be t rhe individuats described in and who executed the forego~ng instrument, and atkrrowtedged beFore me that they executed the same for the purposes ` ~ne•ein expressed. And the aaid Patrieia Estridge ` :~~je cf the sa~d ` 1. E. Fstridg~e, a1~ upon a sepa~ate and pr~vate } e.am:nation by me ta4en separate and apa.t (rom her said husband, atk~owledged ro and before me that she executed said instrument freely and vo~un- ' ~a-~iy and wAhout any compuision, canstraint, app~re-h~en~s~on, or fear of a fram her said husband. t_ ' WITNESS my hand and official seal this ~_X.~%`- day of Ma~ A. D. 19 7µ - ; / - " . : ~ < i , Notary Public in and fo e State f Fbrida at Large My Commission expire - Return To: _ $ ~ First Federa) Savings d. loan Associat~o~ Of Fort P.erce. ~ Fort Pi_rce, Flor~d3 • Fit: E; n~-~, .:.~:~R~ED , 5, . gL LUC4~R:::`~KRAS`A • - Ctf ~i.E ~ ~ C~IRT 1~ ~ . . This Instrument Prepared By Wm. E. B2'auIl ~ r ' ~ First Federal Savings & loan Assaciation f _ - - = of Forr Pierce~ L'lorid a N~ g 2? pH ~ y , _ _ . j Checked By i~ 2'` p81 ` ~ 's r : ~''r, ~ " , ~ " f~Z ; c-,s z~4 F'lGE2Uc~~ ~ ~ ~ , : - - - - - - - - ~ . . ~ ~ ~ ~r~ _ ~e~`^~' 4..~_....:G<. ~i.:.~'w~F ~ C ~~~"e~ . ~ . ~ ~ ~ F'.sY~`'~-x~'k _ _