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Home My WebLink About2467 7. To p~ace and continvou~ly keep on the bu~:d~ngs now a{~eresfie? utuete on ~a~d land and on all equipment ~nd pe~sona~~Y covered by this maig , ~90. wilh all premivrtu thtreon pa~d in tu11, fire inswance ~o ths usuat ~tarida~d poticy (o~m. in a sum ap~xoved by th~ MORiGAGEE. and winda?am inw~anc~ in fhs usual ~+andard pot~cy iwm, in ~ sum approvad by ~M MORTGAGEE, i~ ~uch canp+nY or ~a^P+^~es as ~M MORTGAGEE ~y d~~acls and all iire snd wind?wrm insurance poliues on any o( iaid build~nyt, any intt~~st Iherein or part tMreol, in IM a9greyate ~um afae~aid or in excess Ihereof, ~hall cor+~ain ths usval standa~d mafgs9ae ctau~t a suth oiMr claus~ as 1M Matpagea m~y requ~r~. ma?inp Ihs foas unde+ ~a~d polt ues, each ~nd evr~Y. P+Yab1e to said MORiGAGEE a~ itf in~erest rrNy sppear, ~~d each a~d eve~y tvch policy shall be prompt~Y +~s 9^cd ~^d dei~vered ~o ~ny held by uid MORfGAGEB as further security ro ssid mwtpage debt, and, nat les~ than ten (101 days in advarxe of ths eap~rat~on ot each poGcy, ~o dr live~ lo a~id MORTGAGEE a ronewsl thereof, topctMr wi~h a rrceipt fw the prsm~um of such ro~ewal; and ~here shall be no f.re or winds~orm instrrance pl~ted on ~ny of said buildings. ~ny interest therein o~ part thereo/, unle~~ in Ihe form and with tM loss payable af afaesaid: ~nd in Ihe evcnl a~y sum of money becomes payable under iuch policy a policies aid MORTGAGEE shaft have the opt~on to receive end apply ~M same a+ ~~cw+m of ~he indab~ed~ neu ~ecured hereby w b pe~mit sa~d MORTGAGORS ~o reteiva and ~a~ it O? +oy parl th~:reoi _for othcr purposes, w~tho~l thareb~ warvin~ or u~~pd~~• , iny any equity, tien w righl undea w by vu~w of 1hi~ mor!gage; and fn the ~VM) Nid MORTGAGORS sha~l ta any ~eason fai) to kcep ~he sa~d p~emisrs so insured, w fail lo deliver promNily ~ny ot seid policie~ of insurar+te lo said MORTGAGEE, ot (ail promptly to pay iuily ~ny {uemium therefot o~ in a~Y resped fail ro pe~fwm, d~scharge, eaecute, effect, complate, comply wi~h and abide by thls cove~anl, o~ +nY par~ he~eof, said MORTGAGEE may p~~ce ~nd pay fa such insurante a any part thereoi w~tAout waiving or affecfinp ~ny option, lien, equity. o+ r~gh1 u~der o? by vi~tw of this Matgage. ~nd thc full amov~~ of cach and every such payment thall be ~m~ncdiatety dw +nd paYable snd tha!I bea~ interest from ths dats thereoi ~ntil paid a~ the rate ot nine per «ntum per annum and togather with such i~terest shall be secured by ths lie~ of thii mortgage. 1. To permit, commit p iuffer no waste, impairment w deter'aratiot~ of said ptoperty w any psrt thereof. x 5. To pay a!1 and singula? the cos~s, charges and expenses, including s reason~ble a~twney i fee snd costa. oi sbstrads of ti~ta, incurrcd w paid a~ ~ any time by said MORTGAGfE, beca~se or in the event of the ia~Iure on ~F+e part of tM said MORiGAGOR to duly, pra~nptly ~rd fu~~y perform, d~xharge. oxecute, effcd, complete, con+ply with and ab~de by each and every the stipulat+ons, agreements, conditiau, snd coven~nn of ssid p~om~ssory note and thu matgage any a either, and sa~d costs, charges and expenses, each and every, sMll be immediately due and psyable; whether a not there be no+~ce d~ i mand, attempt to coilect u suit pe~d~ng; and the full amount of each and every such payment shatl bear iotereat from !he dats thereof untii paid a1 the rate ol ~ine {x~ centum per an~~um; a~d all said costs, charges and expe~~us inturred or paid, together wdh s~ch intertsl, shall be secured by ths ~ien ol th~s ` mortyage. 6. That (s) i~ the event of any breach of this Mortgage or default on the part of the MORTGAGOR, w(b) in the event any of said sums of mortey herein referred to be not prompdy and fully paid wi~hin ~h;.ty (301 days next after ~he same severally becane dve and payabte, withovt demand a notice, or (c) io the event each and every the ;tipulations, agreert?eNS, condihons and coven+nts of sa~d promiuory note and this mwlgsge any or eitAer ere o01 iuly, promptly and fulfy performed, d~xharged, executed~ tjfK1ld, campleted, comp!ied with and abided by, then in e~ther w any such eveM ~F~e sa~d aQ gregate sum mentioned in said promisso?y note-then remaining unpaid, with interest accrued, and all nwr+eys seturcd hereby, shall betome dw and pay- eble forthwith, w thereafter, at the opr+on of said MORTGAGEE, as fulty and complefely as iI all of the w1d wms of money were o~ginaily stipulated io be pa~d on such day, anything in sstd prom~ssory oote w in this Mortgage to the contrary notwithstanding: and thereupw~ or thueafte+ a~ the opuon of sa~d MORiGAGEE, without r.otice or demand, suit at law or in equity, tF~ere(ore w thereafter Ixgun, may be prosecuted u if all mw~eys secured Ixreby had matured pnor to ds institution. 7. Thaf in Ihe event that at the beginning of or at sny time pending any s~t upon this Martgage, w to foreclose it, a to retorm it, or to e~foroe paymenl of any claims hareunder, said MORTGAGEE shatl apply to the Court having jurisdiction thereol fw the aRpaintment of s Receiver, such Covrt shall forthwith appoint a receive~ of said mortgaged property all and singular, i~clud,ng all and singular the income, proffts, issues and revenues from whalever seurce derived, each and every of wh~ch, it being expressly understood, is hEreby mort9aged +s ~f spec~fically set fa~h and deuribed in the gronti~q and habendum da~ses hereof, and such Receiver shall have all the b+oad and efiective funcuons and pow~n in anywise e~rusted by a Court to a Receiver, and ~ such appointment shaN be made by such Co~rt as an admiued equity and a mattcr ef sbsolute right to said MORTGAGEE, and without referente to the adequaty or ~nadeqvacy of ~he value of the property mwfgaged or to the soiveaYy or insolvency of said N10RTGAGOR w the defendants, and that such re*+rs, p~ofits, income, iuues and revenues shall be appiied by such Rece+ver acco~d~ng to the lien or equity of said MORiGAGEE and the prauice of such Coun. 8. To duty, promptty and fully perfo+m, discharge, execute, effect, complete, comp~y with and sbide by each and every the stipulations, sgrcerrKnts, conditana and covenanta in sa~d promissory note ard this mo~tgaqt set fwth. 9. That in the tvent the owr+ership of the mortgaged premises, or any part thereof, becomes vested in • person ot~e~ than the MORTGAGOR, the h'.ORiGAGEE, i1s successws and assigns, may, wi~hout notice to Ihe MORTGAOR, deal with such succ~ssor w succcasw ~It ~nteresl wi?h reference ro this n-ortgage and the debt hereby secured in the same manner as with Mor?gago~ withovl in sny way vitiating o? d~scharg~ng the Mor+gagori liability hert under or upon the debt hereby secured. No sale oi ~he premises hereby mortgaged and no forbearance on ~he pa~t.of the MORiGAGEE w iri sutcessus or ass~gns and no extension of the time fw the payment of the debt hereby secured given by the MORTGAGEE or its suctessors w auigns, shall operate ro reiease; d~xharge, modify change w afiect the w~ginal liab~lity of the MORiGAGOR herein, either in whok or in part. 10. It is spec~fically ag~eed that time is of the essence of ~his contrsct and thst no waiver of any ob~ga~ion hereunder a of the ooiigation sr cured hereby shall at any time thereafter be held to be a waiver of the terms hereof a of the instrumeM secured Fxrby. 11. In add;tio~ to the forego"ne~ monthly payments of princ'pa! and interest required by the prom+ssory note secured hereby, mortgagar tovenants ard agrees to pay to mongagee with each morohly payrnenf an addiiional sum estimated by mwtgagee to be equal to 1/12 of the annuat cost of the foSlow- A-All ~eat property taxrs teviec', or assessed against thc above descr~bed real estate. B-Prem~ums on f~re and windsrorm ins~rar.ce as herein requ:red to be carried on the ~mprovements situate on the above dast~ibed premises. ~ C-Premiums on such mortgage guaranty insurar:ce as mortgagee shall from t~me to ti~ne deem fit to tarry o~ the loan secured hereby. Mortga9ee sha;l from time to ti:ne ~otify mortgagor in writing of the amoum due ar.d payable Fureunder artd such sum shal! thereupon be due snd ; ; ayable o~ 1he due date o( ~he rtext month!y payment and each successive month thereafter ur~il mortgagee shall noi~Fy mortgagw of a charge in such j a^;aunt. Such sums sHaii he app~ied by mortgagee toward the payment of real property taxes, insurante prem:ums, and mortgage guaranty insurance ~ premiums. . ' ; ~ IN Y~ITNESS WHEREOF, the said MORTGAGOR has hereunto set his hand and seal the day and ea first sforewid. _ t ~ Sgned, Seated and delivered in the prex~ce of: ~ ~ ~T ` ~ P r M. amin n s . ~ i^ ~ ~ ~ ~ . - s~sq renda Leaaing i SiATE OF fIORIDA ~ g~ S5. COUNTY OF ~ Before me personalfy a~red Pptar M I ossinn - a~ Brenda~i pASiny ~ ha w~fe, to me weU Rnown a~d known to me to be the ind~viduals desuibed in and who executed the fore~ ng instrumeM, and acknowledged before me that they executed the same for the purposes ~herein expressed. And the said B renda ~@~ lII~ N~fe of the said PBtLr M i Pasinn - opon a separafe and p~iwte examinatio~ by me ta4en separate and apart ftom her said husband, ~tknowledged to and before me that she executed ssid instrumeM freely and votun- rarily and wcthout any compulsion, constraint, appre}~ens~ or fear of w from her said hus . ~ WITNESS my hand and offitial seal this d f . A D. 19 ~ , . ~ ~ ~ ~ i~ ~ Notary Public in and fw the S te of F s~f lsrye _ My Commission expires: . -/f~ Return To: ~ First federal Savings b loan Association t~ ` ~ Of fort P~erce. .`?`~~~i~Nt;iij~~~: ~ Fort Pierce. F!orida f1LE~ ~~''i~~Mj~ ~ `~~`.`1 ~ :11' ~T.lll~ )~j;t11~4 _ - ' . ar~ ^ +,Ulj t0v~ - . ~.~f '1K ; t. ~ ~ _ c . • i i•~ t'r• . . _ ~ _ rCT,C r: : , . ' , r-.:. This Instrument Prepared By Gary F. El lwood R' ' ' ~y ~,1~ _ ' v - _ ~ First Federal Savings 8 Loan Association L~ g 5` Nn _ t_' ' of Fort Pierc~ Rloz ida 33450 yir' ` U~ L.. o , . . y,~t ; C~12CjCE'd B~/ ~ j~Q i~ jQ1~t C"• ; 2~J~VV ,,~/l)ll1i111111~'ti~ - i • ~ eoo~~5 oACf2~ti1 ~ : ~ , ~ 3;~ : _ - - _ ~ ~~.~~~~f , ~ ` ~ ery ~ ~ '~'q . 1 . . ~ . _ c _ . ~ . _ u ~