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Home My WebLink About0077 3. To place and continuous~y keep a~ the bu~!d~ngs now or hereaiter situate on s- a7d-land and on all eq~ipmeN and persona~~y covered by ~hls mo~tg• egs- with aU premiums thareon pa~d ~n fufl, L~e ~ns~rance +n the uewl standard pol~cy form, in a sum approvrd by the MORiGAGEE, and wind~torm ~ns~ronce in the usual s~6ndard p~~LCy f«m, ~n a svm approcrd by ~ha AAORTGAGEE, in such company or compan~es as ~he MORIGAGEE may direU; +nd atl tirs and w~nJst„rm ~ni.~rance poliucs on any of said bufid~~+gs, any intere~t therein or par~ thrreoi, in the aggrega~e sum afo~e~a~d or in excess thereof, ihall coNa~n ~he usval standard matgagee dause or such o~FKr dause a• the Ma~yagre may reyu~ro, making Ihe loss unJer sa~d po~e- .~es, each and evsry, payabie w se~d MJRTGRGEE ss ~ts ~roer,:st may appear, and each and eve~y such po~rcy shall l~ promptiy ass g~ed and deti~er.:d ~o sny held by said MORIGAGEE as further sec~~itv to sa~d mortgage debl. and, no1 less Iha~ tzn (101 days in advance of the exp~ra~~a+ of each policy, to de- fiver to aa~d MORTG.~GEE a renewal Ihercof, toqether with a recc~pt for the prrmwm of such ~enewal; and there shall be no hre or w~nditOrm insurance plated on iny of sa~d b~,ild~~+ya, any inreroit there~r. w pa~~ thcreof, untrss in ~he form and w~~h the loss payab~e as aforesaid; and i~ the e~em any sum of money becwnes pay~ble undav such policy o+ p~cw said M~RiGAGEE ahall have ~he option ~o recr~ve and apply the wme on accoun? of the indebted• ness secu~ed hereby w ro pe~mit sa~d MORTGAGORS to rece~ve and utie it a any pa~l 11~e~eol for oti~cr p~rposes, w~i~~c~~ thsn u,r wc~.~ ~g or u+'P~'~' ing any equ~ty, lien or r~ght under a by virt~e of th~s mc~tgage; and in the event sa~d MORTGAGORS shall fa any ~ea~on fail to keep the said premisrs so insured, ot fait 1o de~iver prai~ptly any of said fio~rc+es of ~nsurance to sa:d MORTGAGEE, or fail promptly to pay fu11y any prem~vm therelot or in a~y respect fail ro perform; discha~ge, e:acute, effect, comp~etr, cornply wi~h and abide by this covenant, w any pa~t hereof, sa~d MORTGAGEE may p~ace and pay fo~ such insurance w any part thereof wi~hout waiving w affecting any opGon, lien, equuy, or ri~ht under a by virtue of ~hi~ Mo~tgage, and the full arnoun~ of each and every iuch paymem shatl be ~mmediatety due and payable and shall bea~ interes~ from the date therroi umil pa~d p~ the ro~e ot nine per tentum per annum and toy~ihrr with svch inter~at shall be sec~red by the lien of th~s matgage. 4. To permit, commit or suffer no waste, impainnrnt o~ deter+orat~on oi said p~operty or any part thereof. 5. To pay all and •ingular the coats, charges and rxpe~us, incl~di~g a reasonable attorney's fee and costs of abstiacts of ti11e, incurred or paid at any time by aaid MORTGAG'.E, because w in the event of the (a:lure on the part oF the said MORTGAGOR to duly, p~omptly and fully pe~fonn, d~scharge. ~xecWe, effeu, canplete, comply wuh and ab.de by each and every the stip~lanons, agreements, conditions, and covenants of said promissory note and ~his mortgage any or e~ther, and sa~d costs, charges and expenses, each and every, shall be immediatety due and payable; whether a not there be nofice de n,and, attempt to collect or s~it pend~ng; e+~d ~he fu~~ amount of ea<h and every such payment shall bear ineerest (rom the date thereof un~il paid at the r,:e ol nine cemu~n per annum; and all said coats, charges a~d expenses incu~red or paid, together wdh svch inurest, shall be setured by the lien of th~i morigage. 6. Tfiat (a) in the event ot any breach of th~s Mortgage or default on the pa~t of the MORTGAGOR, or (b) in the event any of sa:d s~ms of money herein referred to be not prompily and futly pa~d w~ih~n thury (30) Jays nex~ afee~ the same severa~ly brconie due and payable, wi+hout demand o~ no~ice. or (c) in the event each and every the stip~laiions, agreements, cond~tions and covenants of sa•d pro~nisso~y note and this mortgage any or either are no1 iufy, promptly and ful~y performed, d:acharged, executrd, efFectctl, compteted, eomptied w~th a~d ab~ded Sy, then in either w any such event the sa~d ag ~regate sum mentaned in said promissory ncte then remaining unpa~d, with interes~ accrued, and all maneys secured hereby, shall become due and pay- ab',e forthwith, or thereafter, at the oprion of sa~d MORiGAGEE, as fully and compterety as if atl of the said s~ms of money were o~~9~nally st~p~tared to be pa~d on svch day, any~hing in sa:d pran~ssory note o~ in this Mortgage to the contrary notwi~hstanduig; a~d ~hereupon o~ lhereafter a~ the opuon of sa~d MORTGAGEE, without nonce o~ demand, su~t at law w in eq~ity, therefore or thereaiter begun, may be prosecuted as if afl moneys sec~red hereby ned matured pnor to its ins:itution. 7. That in the event that at the beginni~~g of or at any ti~ne pending any suit ~pon this AM1artgrge, w to foreclose if, or to reform it, or to er.force ~ayment of any claims hereunder, said MORTGAGEE shalt apply to the Cou~~ having jurisdict~on thereof for the sppo~ntment of a Receiver, such Court shall forrhwith appoint a receiver of said mortgaged property ell and singular, inclvd,ng aIl and singu~ar the income, p~o(~ts, issues and revenues from whdtever se~rce derived, each and every of wh~ch, ii be~ng expressly unders~ood, ia hereby mortgaged as if spec~fically set forth and described in the g~anting and habendvm da~ses hereof, and such Receiver ahalt have a11 the broad and effective funct~ons and powers in anyw~se entrusted by a Court to a Receiver, and s_ch appointme~» shall be made by such Cour~ as an ad,nitted equity and a matte~ of absolute right to said MORTGAGEE, and withoul reference to the adequacy or inadequacy of the value of the property mor~gaged or to ~he so.vency or msotvency of sa~d MORiGAGOR o* the defendants, and thal such renrs, proiits, income, iuues and revenues shall be app~ied by such Receiver accordnig to the lien w eq~ity of sa~d MORTGAGEE and the pract~ce of svch CouA. 8. To duly, prompt:y and ful~y perform, discharge, execute, effect, complete, comply with and abide by each and every the stipulations, agreements, conditions and covenants ~n sa~d promissory nore and this mortgage set fo~th. 9_ That in the e~ent the ownership of the mortgaged pre:»~ses, or any pan thereof, becomes vested in a perwn other than the /~40RTGAGOR, the :'.ORTGAGEE, its wccessurs and assigns, may, w]thout notice to the RSORTGAOR, deal with svch s~ccessor or svccessor in iroerest with refe.ence to this n o~~gage and the debt hereby secured in the same manncr as with 1Jtort~agor withoot in any way vit~ating or discharging the Mortgagori Iiability here- under or upon Ihe debt h~reby sec~red. No sale of the Frem.~ses h~reby mortgaged and no fo~bearance on the part of the MORTGAGEE w its successors o~ assigns and no earens+on of the time for the payment of the aebt hereby secured given by the MORiGAGEE or its successora or ass~gns, siiall operate ro re+ease, d+scharge, mod~fy change or affect the origlnal liab+iity of the MORiGAGOR herein, either in whole or in part. 10. It is speuficalfy agreed that time is o( the ensence of this contract and that no waiver of any ob!igat~on hereunder or of the obligation se- cured hereby shal! at any time thereafter be hetd to be a wa~+e~ of the terms hereof o~ of the instrument secured he~by. 11. In aJd~~~o~ to the fortgo:ng momh!y paym~nts of princ paf and interest required by the promissory nate secured F~:reby, mortgagor covenants s~,d agrees to pay to ~~ortgagee witF, each month!y pay~~~ent an add~~ioral sum est~-r.ated by mortgagee to be eqvai to 1~ 12 of t5e annual cost of the follow- ~ng: ' A-A~I real property tax2s levied or assesscd eyai~st fhe aoove desc+i~ed real estate. B--Pre~r.~ums on fire ar.d windstorm ~nsura::cr as here~n requ~red *o be ca~r~~d on the improvements sit~ate on the above described premises. ~ f C-PrarnEums on s~ch rnortgage guaramy insurar.ce es mo~tgagee shatl fre:n t me to time deem fit to carry on the loan secured he.eby. # Mortgagee sha~l from f~me to ume netify mortgagor in writing of ~he amovnt due and payable hereundrr and such sc~~ shall thereupon be due and : ; ayab!e o~ the due da•e of ~he next month:r payment and e~ch wccess~ve mont!~ thereafier ur,til mortgagee shall notify mortgagor ef a change in such - ,.o~nt. Such sums sha:l t~ appliad by mongagee towa:d the paymeni of reai property taxes, insurance prem;vms, and mortgage guaranty insurance ; i~•emiums. tN \VITP:ESS '.~HEREOF, the said h10RiGAGOR has hereunto set his hand and seal the day and year first aforesaid. ~ ~ Signed, Sea?ed and delivered in the presence of, ~ C~„~~ ~ (J~Z/~G~~~ ~'f (Sean ~ - Bvelyn ~iouse, a runn e arried wid~,n ~ _ ~ (Sea4 ~ ~ _ ~ ' (Seal) ~ i: 5?ATE OF FLORIDA ~ ~ St. Lucie ~OUNTY OF ~ Befwe me persona{ly appeared Bvelyn ROtls@• an unrema~rsied w1d011 alyd ~ _ h1~~ffl, to me well known and known to me to be ~ ~ the individual descr+bed in and who exec~ted the foregoing instrument, and acknowtedged before me that Stleexecuted the same fw the purposes therein expressed. ~i ~hetiei~ ~ ~ ~e}~r+IS an~ ~4 A?fE~O1 ThlZ3f~ ` ~ er«wiwswM-bl~we~t~k«r ~e}e~ele•.awi ~w ~w~•i»r.e~i i~.sba.~ ~~k~wo.rie~~ei ra as~ #w ~ ihrL ~ we~utel ~aid.io~ir~rneoLiceo4t ioci.~L~or ~ rr1~?w.~~w*w~.arr~i~r~prlw~?~~~~P}yda+~~-a+jaar~Lori~~i~rsai~lrrhi~d.• ' YIi1TNE5S my ha~danc~qfficial ~at ~h~s...- 1 e~~- day of ~Pril • p• ~9 74 ~ n ':a +ri . y:3 , . `7 ~_'<3 ~ '~'i. _ • Notary Public in end for the ate of Plorida ~t large ~ My Commission expires: 1 b' 3 b' ~6 ' . ~ ~ ~ . , First Federsl;Savi~ s~b Loan Assoc~atior~: ' pf Io~t P~ereo_. ~ - ~ ~ Fort :P~NC~, Florida t CORDED = : ,n _ FlLEO ~yt' KE tG ~ ' ST. LUCIE COUNTY FLA. ; ~ ROCL~ POITRAS ~ ~ CIEFK Ci~:CUt7 COURT _ This tnstruriie~it Prepared By Robeit A. 9Mlisher~JY. RFCbFDY~Q'_~+EO.~-- First Federal Savings 8~ loan Association *u of Fort Pierce, P'loYida 33450 ~(j g 35 N~ ~ Checked By ~ R Z'791.`78 , ~~~226 o~E , t7 , - . ~ - - - ~ f _ _ % t~... ~ . . . ~ . , _ _ '