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Home My WebLink About1786 3. To place an~ con~~~~uo~sly leep a~ the tui`.d~~~~s now o~ hereafter s.tuate on sa~d land and on all equ~p~nent and pa~sonally tovered by this mottg- pe, with all premiwn~ thereon pa,d in full, iire ins•_rance in the usuai srondo~d polity io~m, in a ~~m eppro.ed by ihe MORIGAGEE, and windato~m i~tuiance in the usual s~andard pol~cy form, in a su:n approved by the MORTGAGEE, s~ch tompany or companies af ~he MORTGAGEE may direct; and all fire er.d w,nds~orm ~nsu~ance po~~cirs on any o( sa~d bv~td~ngs, any interes~ therein o~ par~ thrreof, in the aggrega~e sum ~faesaid or . in exteu lhereo(, shall :o~taln the usual standard mo~tqagee dsuse or wth other dause as the Mw~yagee may requ~ro, mai~ing tha Ioss w~da+ ia~d po1F ~ cias, e~ch and evrry. payab~e ro said MORTGAGEE a~ ~~s ~~~aresl may appea~, and each and eve~y tucfi po!rcy shall be promp+Iy ass gned and detivered io eny held by said MORiGAGEE as further security to u~d mo+~gaye debl, and, not tess than ten (10) days in adva~~ce of Ihe exp~~atiw+ of each polity, to d~- IivN 1o said MORTGAGEE s renrwal thereof, to9e~her with a receipt (or tix premium of •uch renewal; and thera shall be ~w f~re oi w~~dsto~~n ins~rsnct . placed on any ot said bu:ldings, any interest Ih.erei~ w part thereof, unless in the fwm and with the Iass payable as aioreseid; and in the event anv zum of money becomes payable under such policy or polK~es said MORTGAGEE shall have the op~ion ro reca~ve a~~d spply tt~e srnw w+ account of the indeb~ed~ ness ~etured he+eby a to permit said MORfGAGORS to receive and use it a any parl thereof ior oshcr purpoacs, v.i~ho~t ih_r.u~ ,+va~v~~~g or ~ropair- iny any equ~ty, I~en w r39ht under w by virtue of thls mo:tgage; ~~d in t?w event sa;d MORTGAGORS shall to~ any reeson fail to keep the sa~d p~s~n~sas so . iniured, or fail to dcliver promptly aoy of said po~Kies o) insurbrxe to sa~d MOQIGAGEE, or (ail promptly to pay Fully sny prenuwn iherelw or in a~y r~spect fa~l ro perform, discharge, exetule, e~fet/, comp~ete, comply wiih end ab~de by this to~enenl, or any part hareof, said MC~RTGAGEE may p~~cs a:~d ~ pay fw s~ch insuronte or any part thereof without waiving a al(rrUing any option, lien, equ~ty, or righl under a by virtue of this Mwtyafle, snd tht =,r, full amount of each and every svch payment ahall be immed~aiely due and payabte •nd shall baar intares~ irom the date ~hereot uneil pa~d a~ the rate ol f nine pe~ centum per annum and to3rther wuh such inrerust sholi be secured by the lien of th~s rtwrtgaga. io permil, commit or suffer no waste, impairmeN or deterioration of said property or any part thereof. 5. To pay all a~d singular the costs, charges and expenses, including a reasonable attor~ey's fee and costs of abstracts of title, incurred or pa~d at any time by said MORTGAG:E, because or in the event of the failure on 1he par~ of the said MORTGRGOR to d~ly, p~omptly and fu11y perform, d~scha~ge, ezecute, effect, complete, canply with and ab:de by each and every the atipula~ions, agreemen+t, cor+dilions, and covenams o1 said promissory ~ote and thi~ mortgage any w eithe~, and isid costs, charges and expenses, each and every, shall be immed~ately due and payabk; whether or not there be notice de m:nd, attempt ro collect w wit pend~ng; and the (ul: amount of each snd every such paymeM shall bear inreres~ from the date thereof until paid +1 the r~te oi n;ne per centum prr annum; and all said cos~~, charges a~~d exptnses incurred or paid, togatl~e~ w~th suth interest, shall be setured by the lien of ihi~ mortpags. • 6. That (a) in the event of any brea~h of this Mortgage or default on the part of the MORTGAGOR, or (b) in the event any of sa~d sums of money herein raferred to be not promptly and fully paid w~thin thirty (30) days nex~ a~ter !he same severally become due and payable, witl~out demand o? notite. or (tJ in the event each and every the stipufatiau, agreements, conditions and toveoants of sa:d promisaory oote and th~s mortgage any o~ e~~her are not ~uly, prompdy and futly performed, d~acharged, executed, etfected, compteted, comp6ed w~fh and ab!ded by, then in elther w any such eveM Ihe isid ag- gregate sum mentioned in said promiss~y note then remaining unpaid, with interest accrued, and all moneys sec~red he~eby, shall become due and pay- able forthwith, or thereafte~, at the opnon o1 sa~d MORTGAGEE, as fuily and completely as i( all of the said sums of money were a~g~~ally slipulated to be pa:d on such day, anything in sa:d promisswy ~ote or in this Mortgage to Ihe contrary notwYhstand~ng; and thereupon or thereafter at the optio~ of said MORTGAGEE, wnhout oo~~ce o~ demand, suit at law w in equity, the~efore a thereat~e+ begun, may be prosecuted as if atl moneYS secured hereby had matured pnor to its inst~rution. 7, That in the eve~t that at the beginn;ng of or as any time pend~ng any su~t upo~ ti,is Mortgage, o~ to fweclose it, ot to refam it, or to enforcs payment of any ctaems he~eunder, said MORiGAGEE shall apply to the Co~rt having jurisd~ctio~ the~eof for ~he appointment of a Receiver, such Court ahall forthwith appoint a receiver o( said mwtgaged propertiy all and singuler, includ~ng all a~d singular tl~e inco~~e; prol~ts, issues and reve~ues from whatever source derived, each and every of wh~ch, it be~ng expressly undersrood, is he~el•y mortgaged as if speu(ically set forth and deauibed in tlx granting and habendum clauses hereoi, and such Receiver shell have all the b~oad and effect~ve funct.ons and powers in anywise e~trus~ed by a Cou~t to a Receiver, and s~.ch appointment sha~l be made by svch Cr,urt aa an admittrd equity and a matter of absolute rigM to said MORTGAGEE, ~nd without reference to the edequacy or 7eadequacy of the value af the property mortgaged or to thr so~vency or ~naolve~cy of said MORiGAGOR o+ the detendanis, and that such renes, profits, income, issues and revenues shall be app~ied by such Receiver eccord~ng to the lien w equity of said MORTGAGEE and the practice of suth CouA. 8_ To dvly, promptty and fulty perform, discharge, execute, effect, complete, cort~ply with and abide by each and every the stipulations, agreements, conditans and tovenants in said promissory note and this mor~gage set fonh. 9. That in the event the ownership of the mortgaged pren~ises, or any part the~eof, becomes vested in a perwn other than the MORTGAGOR, the MCRTGAGEE, its successors and au~g~a, may, without no!ice to the MORTGAOR, deal yvith such successor or successor ~n interest w~~h reterence 1o thie mortgage and ihe debt hereby secured in the same manner as with Morrga9o. w~thout in' arvy way vit+ating or dixharging the hlwtgagori liability here- vnder w upo~ Ihe debt hereby secured. No sale of tt~e premises hereby mortga9ed and ~o forbearance on the part of the MORTGAGEE or its successors or assigns a~d no exter.sion of ~he ti-ne for the pay~nent of the deb+ h~reby secured g+ven by the I~ORiGAGEE o~ its succe:sas or ass~gns, sitiall operate tu rclease, d~scharge, modify change or af(e.t the ong~nal liau~l~ty of the /+M1ORiGAGOR Ixrein, either in whole or in pa~t. 10. It is speci(ically agreed that time is of the essence of this comract and tha~ rw waiver of any obligat~on hereunder or of the oblgaYan se- c~red hereby shall at aay time thereafter be held to be a wairer of the tetms hereof or of the instrument setured hetby. 11. In add.r"on to the forego:ng monthly paymer.n of princ pal and interest required by the promissory nore secured hereby, mortgagor toveoants and agrecs to pay ro mo:tgagee vcith each month~y pa~r.ent an ac!d~~io~al sum esNmatcd by mongagee to be equal to 1,`l2 of the annua! tost of tbe follow- ~ng: A-All real property taxzs lev~ed or assesi~•d ayainst thc above descri~ed real estate. B-Pr_m~ums on fire and wir,dsrorm irsurar.ce .:s here+n requ:red to be car~ird on the ~mproveme~ts situate o~ the a~ove d=scribed premises. C-Prem~u~rs on such mortgsge guaranty ir.s~ra.~ce as mortgage_ shail from t[me to time deem fit to carry on the loan set~red hereby. Morfgagee shatl from tirne to t~me notify mortyagor in writ~ng of th? dTOie~11 due and paya6fe hereundrr and such sum shat~ therrupon be due and payable on ihe due date of the next month:y payment and each s~ccessive momh thereafter until mortgagee shall notify mortgagor of a charge in such i amo~nt_ Such sums shaE! be app:ied by ~nortgagee ~oward the payment of rea! property taxes, insurance prem.ums, and morigage guaranty insurance I p~emwms. ~ IN \VITNESS Y~HEREOF, the said MORTGAGOR has hereunto sef his h~r.d and seal the day and first afwesaid. Signed, Sea!ed and delive~ed in the presence of: ~ an ~ (Sea4 - _ . a1' ~ . nor rs~,n STATE OF FLORIUA SS. COUNTY OF SL. L~ZC le_ 1 Befwe me persona!!y appeared p~'~*++~~'o--~. ~'~110Y a~ his wife, to me well known and known to me to bs tha individuals desuibed in and who executed the Eoregoing instrumeM, and atknowledged before me that they executed ~1he same fw the purposes therein expressed. Md the said ~-~i5 D gt10= _ ,,~;fe of the sa~d -~Y ~ upon a sapa~a+Rr~J!~~~vlte exam~nation by me taken separate ar.3 apart from her said husband, atknowledged to and before me that she exetuted wid instrume~!l~~e~a~~~l~~~: tarity and without any compulsion, constraint, apprehens~ ~fear of or from he~ /sa-~id husband. I`~` WITNE55 my hand and official seal thls ~ - day of "~'~~LC'~ q,'~• a9 r!' • ~ _ -~G"~~~C;~~ ' - c : ' Nota_ry- ublic i and for ihe State of :FiEfic~ a~ar~ Q,~ : iY _ ,~y~~ ~ c , l~T ~n.~~~°^~ t~[f:0~ ~Q~~~ ~li ~ ~ ~ ~ ~ ~ + Return To: ~COMMISSIUM EXPIRES % , : Q ' ~ ~ ~ EX 1U11 1.. .,:Q ~ First Federal Savings 6 loan Associat~on ~ ~ ~~E ~ • ~ ~ ~ ;-,r~J S~i~~,`~'t,~~~~~. Of fort P e:ce. - ~~~~•~If~tt~IN~~~, " Fort Picrtc, florida . . - - , _i _ . ~ - i f ~EO ~ ~.t~=Y Fi.°~?- ; " _ - . C,t ~ This Instrument Prepared By Gary F. Bll~?ood f~•~~ -r T a0'~~: . C~vR First Federal Savings & Loan Association of Fort Pierce, Flotida, 33450 R<<~F ~ , . g o,~ p~'1 Checked By f~-- ~ ~ So~ 225 ~ i783 2'782'79 ; , _ , . ~ - . - - _ - ~ ~°^-.e~.. y~ ~ . ~ - + W ' .~`~t "x r x, _ ~ n. ~ „•:7: ,f ~ y _ . . . . - 5-..,n. . ~ . .,...a