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Home My WebLink About0983 3. To place and co~tin~ous!y krep on thr bu~:Ju,,~s now or hore3iier ~:taa~e on so~d land and on e~~ rqu~p+~~rnt and perso~ia~ly ce~ered by this m.o~~g- aga, w~th aU premiwnf ~hereon pa:d in luil, lue insuie ~ce in ~he usaal s~on.io~d poliq fo~m, in a sum app~o~ed by the MOR~GAGEE, ard windstorm ~nsvrsnce in the uwal i~a~~da~d poi.cy form, in a aurn rpproved by ~he MORTGAGEE, such tanpa~y or compaaes as the MORTGAGEE msy d~ret~; and aU tire and w~nJs~orm in~uronce po~~urs on any ot sa~d b.i~id~ng~, any inrere~t therein or part thereol, in ~he aggrega~e wm ~foreta~d or in excess lhereof, ahall :oMain ths usual standa~d matgagee tiause w such other tla~se al the Mortgagte may reqwro, maGing the loss unJar sad pol~ c~ea, aach and every, pay~b:e ro sa~d MJR(GAGfE as ~is ~crer~s~ may appear, and each and every such po~~c~r shell be pranprly assg~~~d and dai~v~r~d to eny hetd by sa~d MORIGAGEE as furthe~ s.curity to s~~d ~nortga~e dab~, end, no~ less ~han len (10) dayi in ad.auce of the expiration of each pol~cy, to de- I~ver to said MORTGAGEE a rencwal ~hcreof, togethe~ wi~h a r~~ceipt fo~ the premium oi suth renewa~; and there shall ba no i~re or windato~m infutance placed on sny of sa~d buildings, any imerest theroin or par~ the~eof, v~~~ess in the fam and witfi the loss payable as aforesaid; and in Ihe event any tum of mo~ey betonuf payable undor such policy or poGcias fa~d A10RTGAGEE shall have the opt~on to rec•:~ve and apply tha same on accou~U ol the indabted- ness secured hc:eby o~ ro pe~~nit said MURTGAGORS to retei4•e and use it w any pait thrruol lur oti~rr purposrs, v.itnout th_+.u~ w.:~.i~ig o~ u~~pa~r- ~ng any equ~ty, Gen o? right uoderor by virtue of this mo:agage; ar.d io the event sa~d MORIGAGORS sha!I for any reason faJ to keep ~he sa~d pre~n~ses so ~nsured, or fail to deliver prwnptly any of sa~d po~kies ol inswance to sa[d MORiGAGEE, or fail promptly to pay fully any premwm therefor or in a~y respect fail 1o perform, dsthargt, execute, e}Fect, tanpfete, comply with and abide by th~s covenmv, a any par~ hereoi, said MORTGAGEE may p~ace and pay for such insurance o~ any part thereof w~~hou~ waivL~g or affec~irg any opnon, lien, equ~ty, or right under or by virtue of this Mortgage, and the f~ll amouM of eath and every suth paymem shall be immcdiately due and payable and shall baar interest.irom the date thercof until paid at the rate ol ~~~~~e per centum per annum and to~rthr~ w~+h sucii intrrest shaU be seturcd by 1he lieo of this mortgage. 3. To permil, twnmil or suifm no waste, impainncnt or deterioration of said property w any p~rt thereof. 5. To pay atl and singular the costs, charges and expe~ses, induding a reasonable sttorney's fee and caats of abst~acts of ti~le, inc~rred or paid at any ti~ne by said MORTGAG:E, beca~se a in the evenl oF the fa:lure on the part of the said h1URTGAGOR to duty, pro:~~ptly and fully prr(orm, d~schaige. _recuta, effect, canplere, comply w~fh and ab:de by each and every ehe st~pular~ons, agretments, cond~tio~a, and covenaros o~ sa~d pran~ssory note and ~h~~ n:ortgage any o~ e~ther, and sa d cosrs, charges and e:pensrs, each and every, shall be immed~ately due a~d payabte; whether or not there be norice da mand, attempt fo collect or s~it pe~d~~g; and the fu~l a~nount oi each and every such paymem shall bear interesl fror.i the date thereof until paid at the r,re o~ nine per centum per annum; and aH said cos~s, cha~ges a:~d ex;,enaes incurred or paid, toge~i~er w~th suth interest, shall be secured by the I~en of thi~ mortgagl. 6. That (a) in the event of any breach of this Mortgage or default on tM part of the MORTGAGOR, or (b) in the event any of sa:d sums o1 money herein referred to be not pranptly and fully paid w~~hiA thu~y (30i days next after the same severatly become dve and payable, without demand w nmice, or (c) in the eveN each and every the stipulat~ons, agreements, cand~rlons and covenints of sa d promissory note and th~s mortgage any or eithet are no1 i~;y, prompNy and fully performed, d~scharged, execwed, eifrcred, completed, compl~ed with and ab~Jed 5y, then in either w any such event the sa~d ag- g,-~ate sum mem~oned in sa~d promissory nota then rema~ning ~npaid, with interest accrued, and all moneys secured heseby, shall become due and pay ; eb:e forThwith, or thereafter, at the op!~on of sa~d MORIGAGEE, as iully and comple~ely as if all of the sa~d sums o; R+oney were or~g~nslly st~pulated ~ ro be pa~d on s~ch day, anything in sa:d prmnissory note or in this Mwtgage to the cororary nofwi~hstand~ng; and there~pon or thereafter a~ the opt~on of s~.d MORTIiAGEC, without notice os demand, suit at Iaw or in equuy, therefore w theteaiter begun, may be p!osecuted as if a~f moneys secured hereby r._d matured pnor to ~ts instituhon. 7, That in the event that at the beginn~ng of or a1 any ti+ne pending any su~t upon this Mo~tgage, or to fo+eclose it, or to refwm it, or to enforce ;;.i~ment of any da~ms hereunder, said MORTvAGEE shaU apply fo the Court having ~urisd~ct:o~ thereof for the appoimment of a Receiver, s~ch Court shall fc~rhw~~h anFo~nt a receiver of said mortgagcd property afl and ~ingular, includ.ng all and s~nquiar ~he ir.con:e, p~ot~ts, issues and revenues hom whatever s: ,~ce derived, each and every of wh~cfi, it being ezpress,y undrrstood, ~s herei,y morrgaged as if spec~fical~y se1 forth and dexribed in the 9ranhng and h.~i,endum clauses hereof, and such Receiver shall have all tne br;,ad and effecrive funct~ons and powers in anywisa eMrusted by a Court to a Recriver, and ch a~pointme~tit sha~i be made by such Court as an ad~nitied rqvity and a ma~ter of absotute right to said MORTGAGEE, and without reterence to the a~~y~,cy o? inadeq~acy of the value of the property mongaged or to the so,vency or insotvency of sa~d MQRTGAGOR or fhe defendants, and fhat such .~~:es, profits, income, +ssues and revenues shall be app:ied oy such Receiver ac:ord~ng to the lien or equity of said MORTGAGEE and the practite of such , CouA. ' t 8. To du!y, prompt{y ar.d futly periorm, d~sch~irqe, exec~te, eifect, comp!ete, comply w~rh and abide by each and every. the stipulations, agreemems, ; q condi!ions and tovenants ~n sa~d promissory note and th~s mo~tgage set fo~th. . j 9. That in the event the owne.shlp of the m~ortgaged pre::~ises, or any part thereof, 6ecomes vested in a person othe? than the h10RTGAG~~, the ~ Y.ORTGAGEi, irs successo+s a~:d ass~gns, may, wifho~r norice to ~he A402TGAOR, deal witn svch successo~ or successor in inteiest ~vi~h referer.ce to this ; . o::gage and the ~_o~ here6y secured in the s~me manr,er as w~~h 1Sortgagor w~thcut in any way vitiating or d~scharging the 6llortgagors' tiabitity herr • ~•,der or upon the debf hereby secv~ed. No safe of the pren.is?s hrreby mortga4ed and no furbearance on the part oi the ?~IORTGAGEE or its successws ~ c~ assigns and no extensian of fhe time for the payment of the debt heieby secured give~ by ihe tdORTGAGEE or its sutcessocs ot assEg~s, anall operate ~ ro release, d~scharge, modify change or alfec~ the or~g~nal tiab~iity o4 the MORiGAGOR herein, either in whole or in part. 10. It is speufical!y agreed that time ~s of ~he essence ef this contract and that no waiver of any obligai~on hereurder a of the obligation se- cered hereby shal~ at any time ~hereaiter be held ro be a wai~er of the terms hereof or of the instrument secured he~by. 11. In add:t:on to the foiego'ng mon!h'y paymc-nts of pri::c aa} and interest requ;red by the p{om:s~ry note iecured hereby, mortgagor tovenaNs a~,J agrees to pay so mo~tgagee w~th eacn momh!y pay~~~ent an add~:ionai sum isu~nated by mortgagee to be equai to 1, 12 ot the annual cost of the follow- ~y: A-All reat prop^rty tax:s ~rned o~ assessed aya~•~st the above desc~i~cd real estate_ : B- Prem~u~,~s on fire and windsrorm insu~ar.ce as here~n reqv;red to be carried on the ;mproveme~ts situate on The above d~scribed premises. Q C-Pre+niums on wch mortgage gua:anty i~wrar.ce as mo*tgagee sha~l fro^ t'me :o time deem fit to carry on the toan setured hereby. = Mortgaoee zha:l from t~me to t~me not,iy mert5dgor m wr~r~rg of the a~-:oum due and payable hereundrr and such sum shail the~eupon be due and ~ ;~~able on the due ciate of the next mOntRty payment and each wccessive month thereafter uctil mortgagee sha!1 not;fy mortgagor of a change in such ~ I ount. Such sums s~~a:! be appiied by me+rgag_e tov.a-d the payme~t of real prope~ty taxes, insurance prem:ums, and mortgage guaranty insurance ~ C . e~niums. ' IN Y~ITNESS J:NEREOF, the said MORTGAGOR has hereunto set his ha~:d and seal the day and year first aforesaid. _ i ~ ~ Signed, Sealed and delivered in the prese e ofc ~ F ~Q~„~, ~ ' Sea~ ~ ~ ~ t1'1QSS dZ (Seal) ~ ~ (Seal) ~ 1L SS «a~~ SATE Of FtORIDA t St . Luc ie t ~ : JU'JTY OF ~ E~trard S. Stough Before me personally appeared a~ ~ ` _ Rllttl M StOUOh _ his wite, to me well known and known to me to be tF~: individua's describ~d in and who ezecuted the foregoing instrument, and atknowtedged before me that they executed the same ~w ~he p~~Poses r~e~ein expressed. And the sa~d Ruth M. Stough ~ ` ~ F ~ r~ S S u n a se arate and ivsts ' s. •e of the said - t~M tOll Jt1 - P° P P~ j .a~n~nataon by me taken separate and apart from her said husband, acknowl<_dged to and before me that she executed said instrument freely and volurr ~ ~a-:!y a~~d without any com~Ision, constraint, appre n~on, or fear of w fiom her said husband. -~~,~-I~ March a ~9 74 ~ WITNESS my hand and official seal this day of . ~ ~ Notary Public in and for t ate of F a st lar~ My Commiss~on ~cp es: 9--~ Retum To: FILEv ~ ~V~uC~ sy ST. LUCF= : I:Tt FLA. First federal Savings 6 loan Associat:on Rr~,;-- '~TRLS ' Of Fcrt P.•,;t?. C~_F~. ' .'i! i L~URT ~ for; P~e:ce. F!or.da r.: ^'1i • p s.~ ~ ~ l. _ ' . . ~ ~L 59 ~H'7y ~ . ~ MAR ~o _ ~ Gary F . Ellwood ,~,i1 - ' ' ' , . ' ~ This Instrument Prepared By J~ ~ _ , r S ~ First Federal Savings & Loan Association ~cr _ ~ ~ of Fort Pierce , Flor ida - ~ . ' ~ Checked By - ~ ~ Sb , , ~ ~ ~ . ~ ~ - - - - . - - _ - - - _ ~ _ ~ :._s- :~Y ~ ~ ' 4 * ; ~ t,~ 4 = ~ a - . ~F ' . _ ; _ ' .