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Home My WebLink About1243 3. TO p~ace and cont~nua.s~y keep on the bui:J+~.y~ now or f~r~~'d~1E~ s~tuate un said land and o~ alt eq~~~~ t~rnt snd persona~~y covered bY 1h~s mortg ag0, with al) p~emiums Ihe~eon pa.d ~n f~tl, fnc ins~i~~ue in thc uwal ita~~dard po:iCy form, in a suin a~.p~uved by Ihe MORiGAGEt, and winds~orm insuronce in ~he usual ~randard pot.cy fam, in a wm aF~~rovad 6y ihe hlORTGAGEE, in iuch cou~pany or co~npanms as ~he MORiGAGEE may diretl; and all liie and w~nJsrorm insurante po~~<~rs on any of sa~d buitd~ngs, any ~~tere~t tharsin w per? fhereof, in the aggrega}e sum afwetaid w in excess ~hr~eof, s1wH comain fhe usual atanJard ~no:r~agee uouse or such o~he~ da~se es tM Maty+gee may requ.re, makinfl ~he los~ unJrr aa~d po~i- ciei, each a~d every, payab!e ~o said A~ORTGAGEE as ~ts ~nrcrr~t ~nay appear, snd each and every such poi~cy ahall be promptly ass g~~ed e~~d da~ivcred ~o any held by sa~d A10RiGAGEE as (w~her security to sj~d mortgage debt, and, not less than 1en t10) daYS in ad~ance o1 the e+cp~~aUOO of each pofity. 1o dr IivN to said MORTGAGEE a renewal Ihereof, lo9ether with a roce~pl fw the premwm ol suth re~tirwal; and thrre shatl be ra f:re o~ wi~x~sto~m insuronc! pl~ted on any of said buildings. •ny ime~est thrre~o w parl lhrreoi. ~nleia in the form a~~d with the loss payabte as aforesaid; and ~n the rve~t any sum of money beco~~as payabte under such policy o~ po~~cias s~id h10kTGAGEE shoH have tha op~~o~ to recerve a~id apyly the same on accounl o( the indabfed- neu secureJ hr~eby or to perm~t sa~d MORTGAGORS ro recr~.•e and use it or any parl rtk:cof fo~ oi~~~e Hur;,,:srs, ~•~~~no.+t ih=•`°~ ~he sa~d remisas~1w ing any equ~ty, lien a right uncler w by iirtue of this mo-cyage; and in the evrnt sa!d MORTGAGORS shaN (w any rcason fail to keep p insured, a fail to deliver promp~ly ~ny of sa~d po~rc~es of iniurance to sa~d MORTGAGEE, or f~il promptly to Fay fully any prern~um therefor or in a~y respect fail to perform, d~scharge, execute, eflect, comp~ete, co:nply with and ab~de by thia covenant, a any pesl hereof, sa~d MlUR7GAGEE may p~ate a~~d pay (a such insurance or any part thereof w~thout waivirg or affe.ting any opbon, I~en, equ~~Y. or ~~ght unde~ w by virtue of this Mor~gege, and the full amount of eath and ersry s~ch payment shail be irn~neciiate!y due and payable ~nd shall bear int~rnst f~om the date ~hc~eof until pa~d at the ratQ ol nine per ceotum per annwn and to~ethrr vv~th such interest shai~ t1r srcured by tl~e lien of this rtwrtga9e• 1. To permit, commit w suffer no waste, impairment or detrrioraGon of said property or a~y part thereof. S. To pay all and singular the costs, chargea and expenses, includ~ng a reasonable at~orney's fee and costs of abstracts of title, incurred or pa~d at any tim.e by said MORTGAG:E, because w in the even~ of tF.e (ailure on ~he part of the sa:d M~RTGAGOR to duty, Fromptly and fuUy perform, d~xha~ge. execute, eftec~, comptete, comply w~th and ab:de by each and rvery the sTipula~~ons, agree~~~e~ts, cond~tions, and covenants oi said promissory note a~~d thii nwrtgage a~y or eiiher, and sa:d costs, cliarges and expenses, each and every, shall be immrdiately due and payabte; whethe~ w not there be no?ice dr mand, attempt to colleU w suit pend:ng; and the full amoum of each and e~ery s~ch paymeM shall bea~ interes~ irom the date tl~reof umil paid at the r~te ot nina per centum par annu~L and all said cos~s, charg~s a»d ea;xnses incurred w paid, logether w~~h such inie~est, shall be secured by ~8e lien of this matgsge. b. That (a) in the event of any breach of thia ~Ao~tgage or default on the part of the A'10RTGAGOR, a(b) in the event any of sald sums of money herein ?ete~red to be nof pranptly and fully paid wi~hin th«ty l30) days next after the sanu severa~ly becane due and payable, without demand or not~te. or (c) in thz event each and every the stipu:auons, a9reements. co~~da:ions and covenaros of sa.d p:omissory note and th~s mortgaye any w either are not ~uly, promptly and lutfy Ferfo~med, d~schargrd, execured, effected, co~npteted, compl~ed wnh and aoided by, then in e~ther or any such event Ihe sa~d ag- gregate s~m mentioned in said prom~sswy nore thrn re~naining vnpa~d, with i~terest acuued, and all moneys secured he~eby, shati become due and pay- abie for~hwith, or thereafter, at the optio~ of sa~d MORiGAGEE, sa fu~ly arxl comptr~e~y as if all of the said swns of money we~e ong~nally stipu.ated to be pa~d on such day, anyth~ng En sa:d prom~ssory no:e or in this Mwtqage ~o the cootrzry no~w~thstandhiy; and thereupon o? thereaftet at tAe option of said MORTGAGEE, w~thout no~ice or demand, suit at law or in equity, therefo~e or thereafter begun, may be piosecuted as if all moneys secured hereby had maturtd pt~0~ (o ds institutiOn ' - 7. Thar in tlx eve~t that at the beginning of or at any ti~ne pend~ng any suit upon this Mwtgage, or 3o io~eclose it, or to reform it, or to e~Eorce payment of any claEms he~eunder, said A10RTGAGEE shaU app~y to ~he Eo~rt having ~urisd~a~on thereof for ~he appointmeN of a Rece~vzr,'sucfi Court shall . forthwith appo~nt a rece~ver of said mortgaged property ati and singu?ar, includ.ng aIl a~~d singuta. the income, prof~~s, issues ar.d revenuea fran whatever source derivrd, each and rvery of wh ch, it beh~g express~y undFrsiood, is hereb~ mortgaged as if spec~fically sN forth and deuribed 'm the graming and habeodum dauses hereof, and such Receiver shail have al~ the broad and ef{ecnve funct,o~:s and powers in anyw~se entrua*ed by a Court lo a Receiver, and s~ch appoin)rrKnt shall be made b~ such Court as an adm~ttt~d equ~ty and a maiter of absolute right Io said MORTGAGEf, and withcut refe~ence to the adeq~acy or inadeq~aty of the value of the prope~ty mortgaqed or io the so~ve~cy or ~nsc+vency o( sa~d /AORiGAGOR w the defendants, and that such renrs, profits, incorne; issues and revenues shall be app~~ed by such Receiver accord:ng to the lien or eq~ity of wid MORTGAGEE and the pradice of suth Court. 8. To du!y, promptly and fuily perform, d~scharge, execure, efiect, corrµ~iete, cwnply w~th and abide by each and every the stipulations, agreements, conditions and covenants ;n sa~d promissory nove and this mo~tgage set fw~h. 9. That in the event the ownership of the mortgaged prem;ses, o~ any part rhereof, becomes vested in s person other than the MORTGAGOR, the R.ORiGAGEE, its successors and assgns, may, w~~hout no!ice to ~hr n'.ORTGAOR. dral w~th s~ch successo~ a wccessw ~n interest with reference to this n,ortgage and the deat hereby sec~red in the same mar.ner as v:~th ortgago~ w::hout in any way vitia~ing or d~scharging the Mortgagori liabitity hero- under or upon fhe debt hareby securrd. No »:e of the Fre~n~ses h_reby rno~tyaged and no torbeara~ce on the pan of the IJIORTGAGEE or its successors or ass~gns and no exters~on of the t~mr for the pay.cenf of the debr here6y ~ec~red given by the ~1lORTGAGEE or its successws or ass~gns, ahall operate ra rNease, d~scha:ge, mad~fy change or affect the or~g~nat liau~i+ty of ihe MORTvAGOR herein, e~ther in whole or in part. 10. It is spruficatly agreed that t~me is of the essence of this contract and that no waiver of any obl+gat~on hereunder or of the obligation sr cured hereby snaii at an~ time the-reafter be he~d to be a wai:er of the tern,s hereot or of the instrument secu~ed he~by. 11. In aad.t:;, : to the ioregc ~~q month'y paymems ot princ pa! and interest requ~red 'ey the prom;s~ry no~e se:urrd hereb~, mortgag~r covenants a~d agr^es to pay to wicregagee :nith each r.~omh'y pa~r::ent an add~~ional sum est!~~ated 6y mortgagee to be equal to 1 12 of the annual cosf oE the fo~low- in3: A-Alt rea? ~;roper`; taxes le~ned or ass~ss~~d agai•~s' tf:_• a6ove described r~al estate. _ B-Prerr.~ums on iire and windstorm ~nsu~ance as ne~eia rer~u~red to be canied on the :mproveme~ts s~'uate o~ th~ above d~scribed premises. ,I G-P~c~r~u:ns on s~ch R:Ol1f~3SQ gua•anty ir.s~~rance as mo*tgagee shail `rom t me to time dcem fit to carry on the loan secured hereby. _ I Moregagee s4:a[I from time to t~me not~fy mcrtgagor kr. wnt~ng of the amov~t dve and payable hereunder and such sum shalk thereupon be due and j ,ayabte on the duz oase of the next m~nth'~ payment an3 each wccess~ve mo~th thereafter ur.tit mcrtgagee shall not~fy mortgagor of a change in such i' a•* ovnt. Such sums sha:~ tx apF~!ied by mortgagee toward the pa~ment of real prope~ty taxes, insurante prem~ums, a~~d mort3ege guaranty insurance p prem~ums. ~ y tVITN"t5S Y+'HFRE F the sa~d MORTG GCR 6as hereunto set his har,d and seal the day a~d year first a o~ ~ i ned , d a d~deliver pre ce of: ~ 'z- Seaq Ha Ol G. EIa3 ~,a~~ - j ' ~ G'jp>>-..- ~ ~vn/.,3/ {SeaO - Doreen P. Ls r~ai~ STAtE OPfIORIDA ~ St . Lucie cour~TV oF HarOld G. Elss a„d Befwe me persona~ly appeared ~Ze~ P' S his wife, to me well krawn and known to me to bs rhe individuats described in and who~gx =e~ h~, :or~qin9s nstrurrknt, and acknowiedged before me that they executed the same for the purposes t10 i' li therein exp~essed. And the said N~~e of the sa~d Harold G. E~5 upon a xparate and private examination by me taken separate ar~ apart from her said husband, acknowtedged to and before me that she executed said instrument freety and volurr ra-ily and w~thout any compu~s:on, const~aint, apprehens~on, or fear of or from her uid husband. 74 26th ~a r a t9 WITNESS my hand and official seal thi: _ da~ fIlEO 'cGU~DED ~ ' ~ ' ~ _ St.LU~•i . ;'~NTY F~A, ~ ~ RGGr '.~~RA$ ` Natary Public in and for the St of Fbri at large fi} ~Ki. v .Li~ y.". JRT My Commasion expires: ~ ~ - Return To: F[t{: c j_ ) ~ /a-~~/ ~f ~ ~ ~ . First Federal Savings S Loan Associatior~ ~ ~ Of fort Pc:ce. l ~~t( For: P~erce. F lor~ da g o9 PN'~~ • ~ (Z, ~,,;~G,, , . ~Z'~~~. i v ' ~ ~ TA • ' , a ~ - ~ ' r _ This Instrument Prepared By Robert A. Swisher, Jt, ' o ~ First Federal Savings R~ Loan Association ' ~ of Fort Pierce , Florida ~ , U~ ~ ; ~ ~ = Checked By, ~C...... . j ; ~ = i ' . 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