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Home My WebLink About0379 3. To p~ece ar+d coNin~oui~y M2ep on ~i~r bw'd~~~~s ~ow or hereafte~ s~tuate on ~eid ~and and o~ ali equ~~:n~enl snd per~ona~ly covercd by th~s morrg- _ ags, with all prtmiurn3 ~he~eon pa~d in full, I~re ~~lsuronco in ~he uwal ~~e~xiord policy' form, in a sum approvad by the MORiGAGEE, and windstorm insurance ~n the usual uandard pol:cy form, in a wm approyed by the MORIGAGEE, in tuch cwnpa~y or compsn~a~ as the MORTGAGEE may d~rect; and aU fire and winds~c~m inwranca po~~:~e• on any o( sa~d Ix,~id~nqs, +~y ~~~erest therein or part ~hereof, i~ the agg~ega~a wm aforetaid or in eacesa thr~eof, itwl{ conrain rhe ususl sta:iJied mas~~agee clause or such oiher clause as 1he Mo~tyagee may ~equ:ro, mekin9 tho lo~e unJer sa~d po~H c~es, each and eYery, payab~e to said h1pRIGAGEE as ~ts iro~rr» may appear, and each and every such policy shall be promptiy ass g~~ed and det~vered ~o any held by sa~d 1dOR?GAGEE as fu~ther security to a~~d ~»o~tyaye deb~, a~d, not leu tMn Ien (10) days in advance of the exp~ration of each polity, to dr Irve~ to said MORTGAGEE a renewal Ihereof, togethe~ w~th a r.rceipt for tA~ pre~nivm oi such rene.val; and the~e ahail be no f~re or windsto~m i~s~rance placed on any of wid buitd~ngs, any interest the~e~~ or par~ ~he~eof, u~:ei~ in ~he form and w~~h the loss payablr as aforesaid; end in the event any sum ~ of mo~ey becomes payable under s~ch policy or po~~c~es sa~d N'.ORTGAvEE a~all have the opt~oo ~o rece~+e and -eppty the sanx on account of the indabtrd- s ness secured here0y w ~o pe~~n~t sa~d MORTGAGORS to rece~ve and use it w any pa~l ~he:eof for u~h~r pur f~oses, v,;ih~~t th_~. ur ~g or unp.,~i- ing any equ~ty, lien w right u~dcr w by virtve of this mor:gage; a~d in ~he event u:d MORTGAGORS sha11 for any reason (ail to kcep ~he said premisrs so insured, ot fail to deliver pro~nptly any of said pol~ues of insurance ro said MORTGAGEE, w fast promptly to {»y fully any pre~~~~um therefo~ o~ in a~Y resped fail to perfo~m, d~scha~ge, exetute, effett, complete, to:np~y wi~h and abide by th~s covenant, a any par~ hrreof, said MORIGAGEE mey plate and pay ior such ins~rance o~ any part thereof w~thaut wal~ing a affecting any optio~, lien, equ~ty, or r~gM ~nder o~ by virtue o( th~s Mor~gage. and the full amovn~ of each aod every such payrneN shall be immediately due and payable and shall bear i~terest from the date thercof unril paid at the rote ol nme per cent~m pe~ annvm and togrtGer with wch in!rrcit Shali be srcured 6y the fien of Ihis mwtgage. A. To permit, tommit or su(fer no waste, impairment o~ deterioration of aaid propeny or any parl thereof. 5. To pay all and singular tha costs, charges and expenses, ~nclud~ng a reasonable attorney's fee and costs of atstracts oi ti11e, incurred o+ paid a1 any tiine by sa~d MGRiGAG;E, because o+ in the event of the fa~lure on the par~ of the said MORTGAGOR ?o duly, pro~nptly and fully per(orm, d~uha+ge. rxecute, etlect, comple~e, comp~y wnh and ab:de by each and avery the stipulet.w~s, agree.nents, cond~tions, and covenants o; said praniisory note and ~his mo~tqage any or either, and sa~d costs, chargrs and expenses, ea<h artd every, sha~~ be ~mmed~a~ely due and payable; whethe~ w not there be nohce dr mand, atte~npt to co:letl or suit pend~ng; and ihe full amount of each and every such payment ahall bear inrerest from 1ha da~e ~hereof until paid st the r.atc of r.ine }xr cenwm par annum; an~.' a~l said costs, c'ru~ges and expenses i~xurred or paid, ~ogether w~th such iNerest, shall be secured by the lien of thi~ mortgage. 6. That (a) in thr eve~t of any breach of this Mortgage or default on the part of the A50RTGAGOR, or (b) in the evrnt any of sa~d sums of money F,erein referred to be not prompffy and fully paid vvithin thaty ~30) days next aiter the same severalty beco~~e due and payable, without demand w no~ite, or (c) in tbe event each and every the stipu~ahons, a9reements, condiiions and covenants of sa:d promissory nme and th~s mortgage any w either are not iuly, pro+nptly and iully perlormrd, d~scharged. execu~ed. eifected, comptetcd, tompl;ed with and abided `ay, then in either w any such event the sa~d ag g:egata sum menteoned in said promissory note then re~nainin~ unpa~d, wi:h interes~ actrued, and all moneys setured hereby, shall become due and pay- ao;e (orrhwith, or thereatter, at the op!~on of sa~d MORTGAGEE, as fuily and complete~y as if all oi the said sums of money were aig~nally stipulated ro be pa~d on svch d:.y, ar.ything in sa:d pro~n~ssorv note Cr i~ this Mortgage to the contrary notwith~tanding; and tFvtreupon or lhereafte~ at the op~~on of sa~d A10RTGAGEE, without norica or demand, suit at law w in equity, therefore or Ihereaher 6cgun, may be prosecuted as if all monrys setured hereby nad matured pnw ro As inslit~non. 7. ihat in the event that at the beginn;~g of or at any t~me pending any suit upon this Mortgage, w to iweclose it, o~ 1o reform if, o~ to enforce payment of any da:ms hereunder, said f~1i;RTGAGEE shail >ppiy ro the Court having jurisd~ction the+eof for the appo~n~ment of a Receiver, suth Court shall Eorthwith appoint a receiver oF aa~d mortgagcd propcrty att and s~ngular, ind~d~ng all and singular the in[ome, prof~ts, issues artd rerenuef ftom whatevet source derived, each and every of wh;ch, it being expressiy understc~, is hereby mortgaged as i( speCiiicaily set iorth and dexribed in the granti~g and habendum cla~ses hereof, and such Receiver sfiail have aEt the broad and ef(ective fvnu~ons and powe~s in anywise entrusted by a Court to a Receiver, and s_ch appoinrment shaU be made by such Court as an aJ,nittrd equity and a rt+atter of absolute right to said MORiGAGEE, and wi~hout reference to the a~irquacy or inadequacy of the value of ~he property mortgaged or to the so+v~ncy or ~nsolvenq of said MORIGAGOR or the defendams, and that such re~rs, profifs, income, issues and reven~es shait be appGed by such Receiver accord~ng to the lien or equity of said MORTGAGEE and the pradice of such Court. 8. To d~ly, promptty and fully perform, d+scharge, execute, effect, complete, comply with and abide by each and every the stipulafions, agreements, ;onditions and covenants in sa~d premissory rwte and th;s mortgage set forth. r 9. That in the event the ownership of the mortgaged prernises, or any part thereof, becomes vested in a person other than the MORTGAGOR, the M.pR?GAGEE, its successors and ass~gns, may, w;~hout reo~ice to the MORTG~OR, deal with such successw o+ successor ~n interest with refe~ence !o this n~o-igage and the debt hereby sewred ~n the aame manrer as wi:h ARartgagor w~thout in any way vi~lating or d~scharging the Mortgagors' liability here- ~r.der or upon the debt hereby sec~red. No sate of the prerr.ises hz~eby mortgaged ar.d no forbearan[e on the part of the M10RTGAGEE w its successors er assigns and no extens~on of the sime ior thr payment of the debt hereby secured given by the MORTGAGEE or its suctessors or ass~gns, shall operate io release, d~scharge, modify change or affect the o~~g~nal liab~Gry of the b10RiGAGOR herei~, either in whole or in part. 10. It is speu~ically agreed ~hat time is of the esser.ce of this contract a~d tF.at no waiver of any ob~igation hereunder or ~of the obtigation se- cured hereby shaf~ at any time rhereafter be hetd to be a waivar of the te~ms hereot or of the instrument secured herby. 11. In add:r:on to the forego'nq monthly payrnents~o4 p.i~u pat and ~nf~rest requ~red by the p~om~ssory note secured hereb~, mortgagor covenaMs a~:d agrees to pay to morrgagee .c~~h each momh'y payr :ent an ad.;~~~onal sum rsfm,ated by mort~agee to be eq~al to 1,' 12 of rhe annua! cost of the fo~iow- ing: A-AU real properry taxts levied or assessed against sh^ above desaibed rea! es~ate. B Prer.,~u~rs o~ i~re ar.d win~storr+ :rsur,rce as i,ere~~ requ~red so be carr~rd on the improvements s~wate on th_ above described premises. C-Premiums on such mo~sgzge guaranty ir.$ura..ce as mortgagae shaii frc,, t•me to time deem f~t to carry on the loan sewred hereby. ldortgagee stiaEl f.cm t~me to time norift mertyagor i~ wr~t~ng of the amou~t d~e and payable hereunder and such sum shail thereupor. be dve and 'i ~.~yable on the d~e da+e of thz next month:y payment and each success~ve month thereafier ~ntil mortgagee shall ~otify mortyagor of a change in such 'I e~•~ount. S~ch sums s~.a;i be appi~ed by mortgagee toward the payment of ;cal property taxes, insurante prem:ums, a~id rreortgage gvaranfy insurar.ce nremiums. ~ I YlITNESS :NNFRE the said IY~ORTGAGOR has hereunto set his h„nd and seal the day and year first aforesaid. ~ ned, Se led d I er the p?esen of: ~ w ' $eaq ' Tol'03a Z1 Seaq - . . o ~ tSeaq Linda ~ay CLz ~~,q - ~ SiATE Of FIORIDA 1 St . Lucie 1 u~ ~ouNrY oF - - ~ Before me personally appeared T01~Dy ~lYl and L.lild8 Fay Ctltl his wife, to me well knov~ftl and~~n to me to bs the individua`.s descnbed i~ and who executed the faegoing instrumen*, and acknowledged befwe me that they execuled'f}ie~iaip2` ~'.Jhe purposes Linda +~:~y Cur1 - • , ~ . there~n expressed. And the said ~,:fe of the safd =_nIDmv ('uTl 's•. ~ opw? a-iepaYate ~d private e.am~na~~on by me taken separate and apart from her said hvsband, acknowtedged to and befwe me that she executpd ~il~i~1 ~q~l((j~~'~d voN+~' r,rily and wahout any campuisio~, constraint, appr hens~on, or fear of or fram her said husbartd. • ' ' . • ~ 74 WITNESS my hand and offfual seal this__ day of 'tita rcK_ ~~Q;_ i9 ~ _ ~ ' " • , ~,;•~;~y ~ . ~ ~ . , Notary Pu61ic in and for the 4}~M,O ~~~~~'~9~ My Commission expires: 'r~''~t:t`i"~ ° ~ Retum Toc ~ First federal Savi~gs S loan Assouat~on NOTARY PUBLIC. STATE of FL.ORIDA t! LAR6E # or Forf P,<<ce. MT COMMISSION EXPIRES SEPT. 25, 1975 ~ Fort Pie•ce. Rorlda ~011~l~ ~ M16t~iA ~fl~fs ~IiS{I1311C0 C'0 ~ ~ FILED a~[~ ~ _CIr~DEO $T. WG~i . =UyTY flA. l~ R~~:' TR4S ~ ~ This Instrument Prepared By John W. Colli~~rr •;.;j ' ~(tURT ~ First Federal Savings & Loa~ Association o;~~~- ~ of Fort Pierce, Florida , ;~~32~ Checked By ~ _ MAR L I S a5 AM =z ~ ~ eoo~ 225 ~ 378 . ,,.~"~r s-=:<~~ z : - - s~ - - ~ r~ t x ~ v ~a_.~ . ~~~''-`~;::s~- -