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Home My WebLink About1788 3. To place end cont~n.,ously I.izp on the L•ui'd:•.~s no.v or hereafter s~t~e~e on sa~d land and on a1t cqu~p~nrM and pe~sonsl~y coverrd by lhis mw/g• p~, wlth all p~em~ums thrreon pa:d iu~l, f~re inw~e:~ce in thc uiunl s~~rxiaid poi~cy form, in s sum approyed by the MOR+GAGEE, and w~nds~orm iniuranc~ in iM usuaf srenda~d pot,cy ~a~n, in a swn approved by ~he MURiGAGEE, in such canpany or compa~~~ei as the MORTGAGEE may ~ dired; and all fire and w~nds~e+m insu~ance po~+c~Cs o~ any o~ sa~d bu~~d~++gs, a~y ~~~erest ~Furein or parl thercof, in the aggrege~e s~m afaesaid a in ~xceu ther~of, ~haU cont,in the usual ttandard mo~~gagae dause a such o~her dauss as th~ Ma?gayea may requ~re, makinp Ilw iuas ~~~dr~ sa~d po11- cia, each and every, paYabta ~o se~d AIJRTGAGEf a~ ~ts ~nt.r.it may appea~, a+~d each arxl e~e~y such poi~cy ~hall Ix prumptlY ass yned and de~+ve~ed ~o ~ ~ any F?eld by ssid MORIGAGEE as tur~hr~ secu~ity ro~a~d ~nortg~ge debt, a~d, not less than te~ 1101 days in ad~a~.ce o( thr expirat~on of each polity, to da : IivN to wid MORTGAGEE a renewal thereof, IogNher with ~ raceipt for 1he prQmivm ot such renewal; and ~htre shall be no +~ro or winds~o~m insurant~ ~ plKed on any ol 3aid buildings, sny interc~t the+ein or parl tMsreof. un!ess in ~he fo~m and wi~h the ~oss payable af aforesaid; and in the erenl eny sum ~ pf money bccomes payabte v~~de~ such poGcy w po~~c~as said RAO~'TGAGEE shall Mve the option ~o ~eceive and appty the ume o~ account o( Ihe indeb~ed- nes~ seturt~d heteby or 10 permit said MORTGAGORS to ret~ivt and uss it p any parl thereof 1or utiwr purf•osrs, v.~+~~:+~t th.f.r,J ~Y3~.1:19 w u+ipair- y~ 3 inq any equ~ty, lien or riyht under or by virtue of Ihis mor'gage; and in the event w~d MORTGAGORS shall for any reason (ail 1o kcep the said (xemisrs eo inwred, or fail lo deliver prompl~y +ny of taid po~~ues o) inswante to said MORiGAGEE, or f~i! pton~ptly to pay luity any pren~:um there~or ot in a~y M• respect fail ~o per(o~m, dluharye. ~zecute, eifed, comptete, comply w~~h and ab~de by this covenan~, a any pa~~ hereof, said MuRiGAGEE may place a~~d ` _ pay fw wch inwrdnce or any parl thareol w~~hout waiviny w aifeUing any option, lien. eqwty, or nght under a by virtue o( this Mat9aga, end the !i . full amouN ot each ant! every such paymem shall be ~mmediataly dve and payable and shail bear interast from ~he datt thereoi u~~~il paid at the rale ol ~ nine per cenwm per annum and to~efhrr wUh wth inte~cst shal~ tp secured by the lien of this mortgage. 1. To permit, commit or suffa no ws:te, impairment a deter(oration ot said property o~ any pa~t thereof. S. To pay all a~d s~n9ular the costs, chargei and expe„srs, ~nciud~ng a reasonable attomey'f fee and cos~s of abstraas of ti~le, incurred or pa~d at any time by u~d MOR~GAGEE, beca~se w~n the event of the failure o~ ~he part o( the said MORTGAGOR to duly, pranptly snd fully perform, d~uharge. execute, eHea, comptete, comply w~~h and ab:de by each and e~ery ~he st~pulat:ons, agreem~nts, cond~~ions, and covenanrs o( said promluo?y ~ote and this mptyage any o? ei~her, and sa~d cosri, cha~ges and expenses, each and every, ahall be immed~ately due and payable; whrthrr a not there' be notice de m~nd, attampt to caled or a~it pendh~g; a~d Ihe futl amovnt of cach a~d every such paymem ahell 6ear interet~ irom Ihe date thereof un~il pa~d at the r~te of nine per crnw:n per annu:n; and atl said costs, char~.s and expe~~ses inturred w paid, togeti~er w:th such interest, shall be secured by the lien of thif mwtgsgs. 6. Thst (a) in the event of any 6reach of th~s Ntortgage or defauft w+ ~he part of the h10RTGAGOR, or (b) in the eveM ~ny of sa~d su~+s o1 money herein referred ro be no? promptly and tu:ly pa~d withm thcrty (30) days next ahcr thr sam~ severa:ly become d~e end payable, withoW dema~d o~ ~otite, or (c) in tha eveM each and every the stipu.ations, agreements, cond~tio~~s a~~d tavenams of sa:d pro~:issoiy note a~~d th~s mortgage any or e~ther are not ~uly, promptly and futly perforn,ed, d.scharged, eaecuted, effected, completed, complied wrth and ah~ded by. Ihen in e~~her or any such event the said ag gregate sum mentioned in said p~omissory note thro remaining unpa~d, witl+ interest accrved, and alf moneys secv~ed hereuy, shall become due and pay- able forthwith, or rhereafter, at the opt~on of sd~d h10RTGAGiE, as fully ar.d completely as ii all of ihe aaid aum~ of money were wg~nally s~~pulated to be p.~~d on such day, anything in sa.d prom:ssory note or in this Mortgage to the contrary notwithstanding; and thereupon or thereafter a1 the op~~on o1 said MORTGAGEE, without notice or de~nand, su~~ a~ law or in equ~ty, ih-rrefore or thereaf~er begun, may be prosecuted as if all moneys secured hertby had matured pr~or ~o rts instituuo~. ~ 7. That in Ihe e.eM that at the beginning of w at any rme pending any suit upan this Mortgage, or to fweclose it, w to reform i1, or to enfores payment of any claims he{e~nder, sa~d tdORTGAGEE aF.a:l apply ~o the Courr harir.g jurisd:c:ion thereof fa~ the appo~ntment of s Receiver, such Cou~t shall For~hwith aFpoim a recer.er of sa~d mortgayed property alt and a~ngular, incfud,ng a!1 and singu~ar the irxome, prohts, iuues and reven~es from whatever source derived, each ar.d evrry of whlch, it being expressly underorood, is hereby. mor~gag~~d as if tpec~fically set io~th and described in the g~anting and habendum clauses herroi, a~d such R~ceiver shail have a~l ~he bra~d and effecT~ve funct•ons a~d powers in anywise entrusted by a Cou~t to a Recei~er, and such appoinrment shall be made by such Cowt as an admi!trd equity and a matter of abso.ute right ro sa:d MORiGAGEE, and without reference to the adequacy w inadequacy oi the value of 1he properly morrgaged or to the so,vency or;insolvency of said MORiGAGOR or th~ defendants, and that auch rents, profits, income, iu~es and reven~es shall be appi~ed by wch Recriver accorduzg ?o the Gen or equ~ty of uid MURTGAGEE and the pract~ce of such Court. 8. To duty, promptty artd fuily p~rform, d~s:hargr, ezecu+e, effect, co~r,plefe, comply wi~h and abide by each and every the atipulations, agreements, conditions artd covenann ~n sa~d prorn~ssory rwte and th~s mortgage set fwth. 9. That i~ the event the ow~ership of the rnorigaged pcemises, or any part tF~ereof, bctomes vestcd in a perwn other than the MORTGAGpR, the h!ORTGAGEE, its successors artd ass~gns, may, wuhout r.otlce to the NORTG~OR, deal wnh such succes:or w successor in imeres~ with refe~ence to this mortgage and the debt hereby secured in ?he same marner as with 1:tc:tgagor wtthout in any way vitlating w d~scharg~ng Ihe 1~?crtgagors' liability herr under or upon the drb~ herecy secured. No sa;e of tha Frem;ses h•_reby mortgaged and no iorbearance on the part of the 1AORiGAGEE or its successws or assigns and "no ezters~on ot rhe t~me io~ the payment of the debt h«eby secured given by ~he IdORTGAGEE or its successws or ass:gns, ahall operate ro release, d~scharge, mod~iy change or atfect the ong~nal i~a~:l~ty of the MORiGAGOR hereio, eaher in who~e w in part. 10. It is speuficall~ agreed that time is of the essence of th~s contract and that no waiver of any obl~gat~on hereunder or o! the obl'~gation se- cured hereby sha!1 at any time chereaiter be ~e!d to be a waner of the terms hereof or of time instrumeN secu~ed herby. 11. In acid~t:o~ ro the iore9o mon~h!y paymems of ~v~nc ~al and interest regu~red by the promssery nore sec~red hereby, mo:tgagor covenants and agrees to pay to ~+ortgagee v.ah each mo~~~h'y payment an add.•~onat wm est~~rated b± mortgagee to be eq~al to 1,. 12 of tlx annua~ coat of the folfow- irl~: ' A-Ail real property taxz: le~:~ed or ass=s~cd agai•,st the ahove describ:d real estate. B-Pf~.T.~J•15 on tire and windstof:n ~nsurar.ce ?s nerrn rcqu.red to be ca~ried en the ~mproveme~ts s~tuate on the above descr~bed premises. C-Pre~ni~ms on such m,ortgage guaranty irs~rar.ce as mortgagee shai! {rcm t me ~o time deem f~i to carry on the toan secured hereby. IAortgagee sha:~ frcm r~me to t~me r.csifr mcrty~gor m wri;mg of the a~r.o~ot d~e and payable hereundr+ aod wth suv+ shall therrupon be due and I ~.ayabte on the due dat= oi the next ~rontniy p~vmerv and each wccessive month thereaftee ur,tii mcrtgagee shalt notify mortgagor of a change in such ~ a~*~oum. Su:h s~n~s sFa!~ be app'ied ~y mortgag.e toward the paymen; oF real property taxes, inwrance p~em.ums, and mortgage guaranty insurance I premi~ms. ' ' ~ IN Y~ITNE55 :1NEREOF, the sa~d hti~JRTGAGOR has hereuMo set his hand and seal the day and year first eioiesaid_ Si9 ed, ed and deiive:ed in the presence of: ~ ~2~b _ _1 d.~/ f ~LL Lola Marie Ernsbergez ~.ai~ rsea~) ~ ' (Seaq SiA7E OF FIORlDA - u. couNn oF _ST. LUCIE ~ Befwe me personally appeared _~la ~Y1@ Ernsbezser~ a single adtllt and his wife, to me weli known and known to me to be the individual described in and who executed the foregoeng instrument, and acknowledged before me that she executed the same for the purposes therein expressed. ~atttbCStl . ~fs~t1~~~~ s~m~ s~a~blewsl~aMpransssl~etf~ch~s~~.=s~~~ds~~aaa ais~~~tli~aemss~lfr~^ao~saYs- ~a~S~smesasiC~aza~bssf s~f~r~satr~3a~~ ~anb~o~~~~ ~~~e~,~ .~1f~t~J~E56 my_`K4r~c};and officia! seal thi~__ ~ S~' day of - A. D. 19 74- i J y ~ . . i~ . . ~ . ~ ~ i,~ ~ n • - Notary Pubtic i~ and fo he State of Fbrida at large ~ ` Q \ ! ` ' ` Y . • ~ ~ . ' My COmmiisiOn expires e : ' , ~ ` ~ub6c. Slah ef ibrida e1 Lo?9~ " ~irst~et~l'1Sav'n s 3 sn- Associat~on Netory 9 . . . ~ P Lt~f~ojl rlG~te. µy Conm~ri•n Fxp'tss Ot~. 30. 1976 V~ ~~j~;.•" bonded br l.+n~.r.«n f:re a Goswltq Co. ort P~ ~~.•~~~•~•i~y~(•~~', . ```~~1T.37-: - \ ,``1~~~~.. , fItED ah _ ~EC iRDE~ This Instrument Prepared ByWillie~m J. Forbes ST•~~~'' _`~~yqAS`A [ First Federal Savings & Loan Association R~'- LJ;; C0UR7 ~ of Fort Pierce ~ RloZida qc'n`~F;^ Checked ey - ~ ~ Q5 Ara - a~K225 ~i785 _ 2~s2so . . _ - ~ - r ~ a~ ti ~ . - ~ - 4»~'~r~y - :F ' - - ~ _ ~ - -