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Home My WebLink About2694 TO p~ace and coroinuously keep on the bui'dm9s now or i+ereafrer slru~te on said land and on ali equip~nrn~ and personolly covered by this mong- sgs, with •U prem;um~ ~he~eon pa d in f~i?, f~~e inswa:ue ~n ihe ~ewl standard pol~cy form, in a wai aFproved by ~he MORIv~GEE, and w~nduurm ~nwrante in ths uwal sranJa~d pol,cy form, in a wm app~oved by the MORTGAGEE, in such company or co~npar.~es as ~hQ MORiGAGFE may direct; and aU fire ar~d w~nd~~orm iniurance poGcies on any oi se~d b~,iid~ngs, any interes~ ~he~ein or par~ thereof, in ~he aggre~a~e sum afo~csaid or in •acess thcreof, shall contein the uiual sta~~da~d mOr~gagee ciause or such other clause as the Mortgagee may requ;re, ma~ing tha ioss w~der •a~d po~a c~e~, each and every, payabie ~o sa~d MJRTGAGEE a: ~~s ~n~arrst may appear, and each and every such poircy ihait l~e promptty a~s gnrJ e~~d deliverrd ~o any hetd by sa~d A10RiGAGEE as fur~hzr s_c.,ri~y +o satd ~nortgage debt, and, not ieu than ~en (10) days in adva~ue ol ~he eap~rat~on of each pofcy, to da Irver fo said A10RlGAGEE a renewal Ihereof, toge~ha~ wnh a rece~pt for the premium ot suth renewal; and thero thal! be ~w f~~e o~ winda~o~m inwrance plated on any of sa~d buildings, any interesl Ihere~n or part thereof, unless in the (orm and with the lois payab~e as aforefaid; and in the evenl any sum of money becomes payable undcr such policy or pol~cies sa~d MORTGAGEE shall ha~e the opl~on /o recrive a~:d apyly the same on accouN o( ~he i~~dabted• . ness secured ~reuy or to permit ~aid MORiGAGORS ro receive and u~e it w a~~y part thertoi ior a.i~rr purpoirs, v.~~ho,:t ih_~~ u~ w~~~~ o~ ~rupa~r- ing any equ~ty, I~en w right under w by virtue of this mor~gage; and in Ihe event sa~d MORTGAGORS shall fo~ any reason fail to keep ihe said prem~a~-s so insured, o~ (ail to de~iver promptly a~y ot said pol~cies of insurante to sa~d /~10RTGAGEE, o~ fail promptly to pay fully any pre,»iu~n the~elw or in any . re~pec~ fail to perlorm, d~scharg~, execwr, effect, comple!e, comply with and abide by this cove~aM, w sny pa~t hareoi, said MGRiGAGEE may place and pay for svch insurance or any part thercof w~tha,? waiving w affecting any oprion, lien, equity, or rEght undei a by vutue of this Mo~tgage, and the full amount of each and e.ery wch payr~+enr sha!! be imrned'earely due and payable and :hall bear interest from the date ihereof umil paid a~ the ra~e o1 n~ne per crnwm per annum and togethrr Mith such int,;r~si sheii i~r s<cured by the lien of this mortgage. ' 1. To permit, tommit or suflt~ no wastc, impairment w de:erioration of aaid property or any par~ the~eof. 5. To pay all and singulsr the tosts, charges and expenses, i~c~ud~ng a reasonable attorney's fee and costs of abstratts of titlr, incu~red o~ pa'rd af any ti~r.e by se~d MORiGAG:f, because or in the event of the ia~lure on ~ix parl of Ihe said MORTGAGOR ~o duly, promptly and fully pe~fwm, d~scharge. ' ~xecu~e, effec~, complete, comply wuh and ab:de by each and every the st~pula~~ons, agreemems, co~ditions, and coveoa~~s of aa~d promissory no~e and th~s ;nortgage any or e~the~, and sa:d costs, charges and expenses, each and every, shaN be immediately due and payabte; wheihe? a not there be nonce da mand, attemp~ to coflect or suit pend~rg; and Ihe fuH amou~t of each and e~ery such payment sha~l bee~ interest from the date thereof until paid et the rare o~ n~ne per cen~um pe~ an~eum; and atl sa~d custs, chargrs ar,d e:penses incur~ed or paid, ~ogather wdh such ioterest, shait be secured by tbe Iien of lh;s mortgagr. , b. Tha~ (a) in Ihe evenf of any b~each of this Mortgage or dafault on the part of the MORiGAGOR, or (b) in the event any of sa~d svms of mo~ey herein referred to be not promptty and fuliy paid within ~h~rty (30) days next ai~er the same severaily beco~ie due and payable, withour demarxl or ootice, or (cJ in thr event each and every rhe s~ipuiat+o~s, ag~eements, condit;o~s and covenants of sa;d promissory nota a~d th~s mortgage any or either are not ~uly, promptly and f~!ly performed, d~scharged, executed, effected, completed, compGed with and a6idrd Sy, then in either or any sach evem Ihe aa~d ag 9~~are sum mentioned in sa~d promissory naTe then rema~ning unpaid, wirh inrerest acuved, and ail moneys secwed hereby, shall become due and pay- ab'e fo~ihwirh, or thereairer, a~ the opt~on of sa~d A10RiGAGEE, as fiully and comptetely as if all of thr sald wms of money were ongina:ly st~pu:ated to be pa,d on such dcy, anything in sa:d pron,~ssory note or in th~s Mortgage to the caurary ~otwithatanding; and thereupoo or thereafter at the opt~ors of za~d M.ORTGAGEE; w~thcu! not~~@ o~ demand, suit at taw w in eqwty, therefore or ~hereafter beg~n, may be prosecwed as if all moneys secured hereby n~d matured pnor to ns institu~ion. f. That in the ~vent that at the beginning of or at any tirne pending any suif upon this Mortgage, or to 1o~eciose it, w to reform it, or fo enforce . Fayment of any da~.ns hereunder, said MOR7GAGEE shall app!y to the Co~r~ having jur~sdrction the~eof.lor the appointment of a Receiver, such Court shall te~~hwiih appoint a~eceiver of said mortgaged propz~ty ali and singular, includ~ng alt and su~gular ~he income, profits, issues and revenues from whatever se~.ce derived, each a.~d every of wh~ch, it being eapressty unde~siood, is here6y moregagrd as if spetiticaUy se1 fonh and desc+ibed in the granting and habendum c~auses hereof, and such Receiver shall have ali !he broad and effective funct.cns and powers in anyw~se entrusted by a Court to a Receiver, and s. ch appoinrmero shali be made by svch Court as an ad~nitted equity and a matter of absolute ri9ht to said MORiGAGEE, and without reference to the ndequacy or inadequacy of the value of the properry mongaged or to ~he so:vency or ~nsatventy o( said MORTGAGOR or the defendants, and rhal such re~:~s, profits, income, issues and revenuea ahall be appiied by su:h Rece~ver accord~ng to the lien w equity oi wid MORiGAGEE and the practice of such Court. 8. To duly, promprty and futly perform, discharge, execure, effert, tomplere, tomply w~th and abide by each and every the stipulations, agreements, conditions and covenants ~n sa~d promissory note and th~s mortgage set forth. 9. lhat in the event the ownership of the mortgaged prem~ses, or any part the~eof, becomes vested in a person other lhan the MORTGAGOR, the VOStTGAGEE, its success~rs and asa~gns, may, wi:hout nucce to the 1'dORTGApR, deat with such succeswr or successor i~ interest with reference to this r:or~gage and the deut F~ereby secured in the same rt,anr,er as vr~~h ~.lortgagor withoul in any way vit;ating or d~scharging the Mortgagori liability her~ under o+ upon the dabt hEreby sec~ied. No salr of the Fren~nes he~eby mortgaged and no (orbearance on the part of the IdORTGAGEf or its svccessors or ass~gns and no extens~c^ oF the r~m~ for the payment of the deb~ herz~,y secured given by tne MORiGAGEE or its sutcessors or ass:gns, a3~a11 operate to re'tease, d.scharge, modily change or af(ect the or;g,nai liau:t,ty of the tlORiGAGOR herein, eitt~er in whole or in part. 10. It is speuf~~ally agreed that t~me is of the essence of fhis contraU and that no waiver of any obl~gat~on hereunder or of the obligaYqn se- cured hereby shatt at any ti~ne thcreafter be he:d to be a wa~rer of fhe terms hereof w of the instrument setured herby. 11. !n adda;cn to the iorego ne~ monfh!y payments of pr~r:c pal and interest required by the prom~sscry no+e securzd he~eb~, mortgagor covenants j~d agr~zs to pay to mo:tgagee with each monrh'y Na~~,enr ar. add.rionai sum rs*,:~:ated by mo:tgagee to be rquai to 1,: 12 of the annual cost of t6e fo~tow- ~,g: A-AIt rea! p~ope+ty ta,ces levi=d or assessrd ayai•:st fhe ai~ove desoitcd real estate, 6 Pren:wms on fire and w~ndsror~~ ~r.s~rarte as hr~e~n req~~red to be carried cn the ~mproveme~ts s~tuate on ihe above dzscribed premises. C-Premiv=n: on wch mortc~_~ge guarar.ty ir.sura~.ce as mortgagee Shail frem hme to time deem fit to carry. on the loan setured hereby, Morrgagee s~a!I frcm r~me to time nc~~fy me.tgager in •N~iting of the arr.ou~t due and payabte hereundrr and such surn shall thereupon be due and ~~yabfe o~ the due oare of the nexr month:y paymenr and each wcce:sive monfh thereaftcr until mo~tgagee shalt not~fy mortgagor of a change in such a~:o~nt, Such sums s^ail be appiled by mer;gag~:e towerd the payment of real property taxes, insurance prem~ums, and mortgage guaranty insurance ;,-emiums. IN \'lITPJfSS ':JNEREOF, the sa~d ASpRTGAGOR has hereu~to set his hard and seat the day and year st aforesaid. .n/e~d, Seated and delivered in the presence of: ~lRt f+in. ~Q~Y , an _ ? Ro ert C Cla rk ~~a~~ _ " ,~.~1l~f~~l ~ ts~~~ _ ~ti[aureen C. Clark ~~a~~ 'I ,I STATE Of F IDA t ~ c~ur~rr aF St.Lucie ; i ! Before rtx personally appeared Robert C. Cld zk and _ f titaureen C. Cla rk his wife, to me we11 "known'and kiie,rrn to me to be ~ the individua!s desuibed in and who executed the foregoing insfrument, and acknowledged before me that they ~x~eruted'thL~~sqrnt for.the purpoae~ f Clark } ~ rnerein expressed. And the said ~ auIQC2~ C. - r.~fe of the said ' 7 Rober t C. C la Zk upon a se ~ate and private ~ i exam~nat~on by me taken separate and apart from her sa~d husband, acknowledged to and before me that she eaecut~d ~i~+ilySirGmen~~freely jind votuo- ~ i ru~ly and w~thout any compulsion, constraint, apprehens+on, or fear of w from her said husoand. : " ' ~ ; '4a rchi ~ ' = 74 WtTNE55 my hand and offic'ral seal this_ ~~'t~ day oi • '~`11Q: 19 ~ E • • Notary Public in and (or thE $ a o~~ s at large • My Commiuion expires: ~ Retur~ To: ~ ':;,~A'2Y F~~~:'~. ST"T~ rf F1GF?~A at LRRsE ' ~ First Federa! Savings 6 loan Assotiafion x I A , . - S _ Of ~ort P erce. 1 Y C` 191 Fort Pierce. Flcrida f - - ' i . - LV' . ! ~ fILfL AkC~ ~?fC::.ROED ~ ST.~UCt~_•:;,`J`IRSSLA. ~ E This Instrument Prepared By Robert A. Swisher, Jr. ~oGE- E First Federal Savings & Loan Association ~Lr:.,r, C~UaT ~ of Fort Pierce ~ Florida PFC~"'~'~~`~~~`-~ r ` Checked BY~ ~ ( ~ 9 27 AN ~ ~ `1 ~ ~ ~ ` r ~ ~~Z P'.CE ~ / VB~~ ~ ~ ~ ;fi . ; - _ ~ ~ - ~ R ~ . =F-- _ ~ r-~.P r ~ ~ Y _ ~ ry ~ ~ - : . ~ ~ - _ r_ . . . _