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Home My WebLink About2276 To p~sce and continuous~y krep oa fhe bui:dirg~ now or hereafter ~~tuate on said land ~nd on all equipmenl and psrsonally cove~ed by this rr.a~g~ ~g~, w+~h all premlums ~hzreon pa~d in full, I~re in~vrance in the usual sfandard po~icy fam, in a sum appraved by ths MORfGAGEE, a~~d w~ndstam insvra~ce in tM usual •tandard pol~cy form, in a sum ~pp~oved by ~1~s MORTGAGEE, in _ tucA twnpanY o~ ca^M^~ei as ~he MORiGAGEE ~++Y dind; ~nd sU fire and w~n<?srorm insuronce po~ic~es on any of ?a~d build~cys, any imerest therein or par~ ~heraol, in ~he apyrey~r~ ium dacsaid w' in ~xtesf Ifiereof, ~hall conlai~ the usual standard mortgaye~ tlause w suc~ othe~ t~sus~ ~s the Matflage~ may rcqv~re, ma?in9 the lo~f unde~ sa~d poli~ cies, ssch and every, payable to said A10RTGAGEE a~ its intzre~t may appear, and eoch a~d eve~y tuch po!~cy sha~l Ix prompNY ass.gned and delivercd 10 a~y hetd by said MORiGAGEE as furthrr secu~ity to aaid mortgage debt, and, not leu than ten (10) days in ad~arxe ot the expiration ol each pol~cy, to da ' IivN to wid MORTGAGEf a re~ewal Ihereof, toge~het with • receipl fa the pr~mium o} auch renewal; and there shall be ~w t~re o~ winda~o~m insurance placed on +ny oI said buildings, any interest therein or parl the~eof, unlesa in tha fo~m and with tM lou p+yabte a~ aforesaid; and i~ the event ~ny sum _ of money becanes payable unde~ iuch policy w polK~es said MORTGAGEE shall have tl?e opt~on to receive and apply tbe same on accouM of the indeb~ed- ~ ` neti secured hereby a ro permit ~aid MORTGAGORS t0 ~cteive and us! il d any pa~t Ihereof for othcr purposes, ~vi~hout th:rau~ wer.~n~ or w~pau• r ir+g any equ~ty, lien w ~ight u~der or by virtue of this mo:!gage; and in the eveM uid MORTGAGORS shatl fa any reason (ail to keep the said p~emisas so ; insured, w fail to drliver prompdy any of said poLcies of insurarxe to fald MORiGAGEE, or fal promptly to pay fufty any premwm therefor w in ~ny respect fail to pe+fam, d~scharge, exetuto, elfect, complete, to~nply with and abids by this tovena~t, or any pa~t hereof, said MGRTGAGEE may plate a~~d pay far such insurance o~ •ny pa~t ~hereof w~thout waiving or attecting any oplion, lien, equity, or ~ight under w by virtue of this Mwt9a9e, and +hc full amoum of each a~d every svch payment shall be immediately dw a~d payable ~nd sha~~ bear imeres~ from the date thcreo( until paid at tha ro~e ol nine per centum per s~num and to~ether with such i~ter~st shall be set~red by the lien of this mortgage. 4. To permit, tommit or suffer no waste, impairrr~nt or deteiioration of sa~d p?operty or any part lhereof. 5. To pay all and singular the costs, charges and expenaes, includ~ng a reasonable attorney i fee and cost~ of abstracts of title, incurred w pa+d af any time by u~d MORTGAG:E, because w in the cvent of thr failure on ~he part of the said MORTGAGOR lo duly, promptly and fu11y perfwm, d~scharge. execute, ef(ed, comptete, comply w~th and ab:de by each and every the st~pulat+o~s, agreements, conditions, and covenant; o( said prom~swry note and ~hi~ mortgnge any ot eithcK, and said costa, charges and expenses, each and every, shall be immediately due and payab:e; whetAer w not the~e be no~ice da mand, attempt to tollect a suit pend~ng; and the (ull amount of each and every such payment shall txs. interest from ~he da~e thereof u~til paid at the r~fe o~ nine per centum per an~~urn; and all said cos~s, cha~ges and expenses incurred w paid, together w~th such in~erest, shall be secured by the lien of this mottgsga 6. That (a) in the event of any breach of this Mortgage or default on the part of the MORTGAGOR, or (b) in the eve~+t any of saFd sums of money herein referred to be not promptly and fully paid within th~rty (30) days ne,ct aft_w the same severally become due and payable, withoul demand o? notae, or {c) in the event eath and every the stiputations, agreements, cond~tions a~d covenants of sa:d promiswry note and th~s mortgage any or e~ther are nol ~uly, promptly and fully per(or~ned, d~scharged, executed, eitected, completed, compiied with and ab~ded yy, then in either or any such evem the sa~d ag gregate sum me~tioned in said promisso~y nore then remaining vnpaid, with interest accrued, end all moneys setured hereby, shall become due and pay- abie forthwith, a thereafter, at the option of said MORTGAGEE, as fully a~d compfetely as if al) of the said sums of money we~e wg~~a~F~ ~tipulated to be paid on such day, anything in sa;d prom~ssory note or in this AAwtgage to the tw+trary notwi~hstanding; and thereupon w ihereafter at tht opt~on of sa:d MORTGAGEE, without notice or demand, suit at law or in equity, therefwe w thereaiter begun, may be prosecvled as if atl moneys setured hereby had matured p?~or 1o its instirution. 7, 7hat in the event that at the beginn~ng OT w a1 any ti~ne pending any su~t upon this Mortgage, or to fo~eclose it, or fo refam it, or to enfwce paymeN of any claims hereunder, said MORTGAGEE sha~l apply to the ~ourt having jw~sd~ct~on thereof fo? the appointment of a Rece~ve~, such Court shail iorthwith appoint a receiver of :a~d matgaged p+operty all and singutar, includ~ng all and si~~gutar ~he income, prof~ts, issves and revenues from whatever seurce derived, each and every of which, it be~~g expressly understood, is hereby mortgaged as if spec~ficaily set forth bnd destribed in the granting and habendum clauses hereoF, and such Receiver shall have all the broad and eifective funu•ons and powe~s in a~ywise entrusted by a Court to a Receiver, and s~ch appointment ahaU be made by svth Court as an admitted eqvity and a matter of absolute right to said MORTGAGEE, and without referente tc+ the edequacy a inadequacy of the value oi 1he p~ope+ty mwtgaged or to the so.vency or insohrency of said MORTGAGOR or the defendants, and that such rrnts, profin, income, issues and reve~ues ahall be app{ied by such Receiver accord~ng to the lien a equity of said MORTGAGEE and the practice of such CouA. 8. To duly, promptly and fully pe~(orm, discharge, execute, effect, camplete, comp~y with and abide by each and every the stipulations, agree~nents, ~onditions aod covenants ~n sa~d promissory note and th~s mortgage set fwth. 9. That in the event the ownership of ehe mo~tgaged premises, or any part thereof, becomes vested in a person other than the MORiGAGOR, the ~ h10RTGAGEE, its successors and assigns, may, without notice to the MORTGAOR, deal with such successor or successor interest with re(erence to this mortgage and the debt hereby securec in the stme manner as with Mortgagor w:thout in any way vitiating or d~xharging the Mortgagors' liability here- f ~nder w upon the debt hereby sec~red. No sale of the Fremises hereby mo.tgaged and no iorbearance on the part of the MORTGAGEE or its succeswrs or assigns and no extension of the time for the payment o4 the debt hereby secured given by the MORiGAGEE or its successws w assigns, ahall operate :o re!ease, d~scharge, modify change w affect ~he orig~nal liab;;~ty of the MORTGAGOR herein, either in whole or in part. 10_ It is spec~ficaHy agreed tfiaf t~me is of the essence of this contrad and lhat no waiver of any ob~igation hereunder or of the oblgation se- cured hereby shalf at any time tAereafter be held ~o be a waiver of the terms hereof or of the inslrument secured herby. 11. In add~t;o~ to the forego.ng month?y pa~ments of princ'pal and inreres+ requ~red by the prom~swry note secvred hereby, mortgagor covenaros and agrees to pay to m.ortgagee v~~th each mon~hiy pay~: ent an add~rionat sum es*~~~ated by mortgagee to be equa{ to 1/12 of the annua) cost of the follow- ~ n~: A-Afl reat ~roperty taxrs !e•+~ed or assessed aya~•~st thc a6ove described reat estate. : B-Premiums on (ire and windstonn insurar.ce as here~n rtqu;red to be carned on the improveme~ts situate on the above destribed premises. F C-Premiums on wch mongage gvaranry insurar.ce as mortgagee shail from t:me to time deem fit to carry o~ the ban setured hereby. ~ ~ Mwtgagee shai! 4rcm t~m,e to t~me not~fy ~nortgager in writ~ng of the amou~t due and payable hereunder and such sum shall thereupon be due and i ~ ~ayable o~ the due date of th> next month!y payment and each succes~ive month thereaiter ur.til mortgagee sha!1 notify mortgagor of a change in such J":CUR~. SISC}1 sums sha~~ be app°~ed by mo.tgagee toward the payment of real property taaes, insura~ce prem.ums, a~x! mortgage guaranty insurance : k premiums_ IN ~~ITNE55 VtiHEREOF, the said MORTGAGOR has hereunto set his hand and s>al the day and year first aforesaid. ~ Signed, Seated and delivered in the presence oi: n GEGOROED ~ FIlEO,AK~ --3. .y r~aq . - ST. tU~?~ G0:?N?~ ftA. ~ P.Oi,Et'• ?;;~;R!?5 (Seaq CI.ERK C:.'~W„ COURT S~aq i - Fcr,('~J L Seaq STATE OF FLORIDA ~ ' ~PN ¦ ~O i COUNTY OF St . Lucie i ~ ~j~Qs~~ # Befwe me personatly appeared David L RUd~ a^d f rlar~~ 1~ Rude his wife, to me well know4 ~~d k wn to me.to bs ' the individuafs described i~ and who executed the foregoi instrument, ax1 acknowledged before me that they executed t}~l~}L1n~~t/I ~f1~. 1?lary L. Ru~ : S ' ~i~,~ ~ rherein expressed. And the said e ~ ~ ~ ~ ~ w~ie of the said David I,. Rude ~~p.a y~parate ar~~rrS~te - ~ exami~ation by me taken separate and apart from her said husband, acknowledged ta and befwe me thaT she exetuted s~id :nyrum~ot freely_and,SYGjr~:' ~anly and without any compu:sion, constraint, apprehens;on, r fear of or from her said husband. , ~ ~ , . ~s ` WITNESS my hand and offiual seal thi day of Anr i 7 ~ f`• - A. 31 19C~ . s ' - -J : 4 : ~y` Notary Public in a or t ta~fyb~`~OSjda~ ~ f~`~' My Commiuion ea 'res: r~ ~ ~ i Return To: ~ STk~E :1,.:~~. ~ Fint Federsl Savings b loan Association `''~S'i. Of fort P~erce. r S f ^,t: c- r N T• R'. ~ AT. ol FtORIDA it IARGE Fort Cierce, Florida ~rr c,..::,~:~:_,. ~ .,;~s lAfl. 7. ~9n, ~ ba.~x;~,1 df hro~~~.~:, .,,:u,w~S Insuanc~ G~ ~ : ~ This Instrument Prepared By RiChard K. Kdyes ~ First Federal Savings 8~ loan ~~O iitiQn of Fort Pierce ~ tia s ~ ~ Checked By ~ Boo~225 ~~2270 ~ ~ , ~ ~ ` - - - - ~ ~ ~~~,~'l .a:~ ` - , x °