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Home My WebLink About0603 3. To place and continuou~ly keep on the build~rgs now a hereaher ~itwte on ~aid land and on ali equipncm and periona~ly covered by thii morlq~ ~ ay~, w~th all premiums thereon pa~d in iulf, fire inswence in the ~sual siandard po!~ty fam, io s sum •pprovcd by the MORfGAGEE, end windatorm insu~ance in ths uiu~l t~andard po~icy fwm, in a sum approved by th~ MORTGAGEE, in ~uch company w canpan~es ~he MORiGAGEE may direc~t end all fi~~ and windatorm insuranc~ po~~ues on ~ny of sa~d build~nys, any i~terei~ tFxrein o~ pa~~ thereof, in 11+~ ~~grega~s sum afwesaid or in txcesi thereof, sMll con~ain the usual srandard mortga9e~ clau~e w such otha cla~se Matyagee may req~~r~, makinp the loss under sa~d poti- cie~, each and every, payab?e to ssid MORiGAGEE as its interet~ m~y appear, and rach and every such poi~cy shall be promptly +ss gncd and de~~vcred ?o ~ny held by said MORTGAGEE ~s ~ur~her securi~y fo wid mw~gage debt, and, not leu tF+~n ?en (10) d~ys in adw~ce oi the exp~r~tion of each poGcy, to d~- live~ 1o wid MORTGAGEE a renewal thereof, ~ogeth~r wiih a rece~pt for tAe p~emium o1 ~uch renewal; and ~her~ slwll bs no 1~re or windsto~m inauronce placed on any o1 uid build~ngf, +ny interest therein ot pa~t thereof, unleas in the form and with IM loss payable as +tweu~d; ~~d in rhe event any sum , of rtwnsy becanes payable under such policy or poticie~ said MORTGAGEE shall have ~he opt~on to rcceive and apply the same on account of the inde6ted- ' ~ neu securrd hereby o+ ro permit said MORTGAGORS to receive and us~ it or any part thereof for other purposes, .vdnout Ihartbi wa~.~ng or unpau• • • iny any equ~ty, lien a right under or by virtue oi this mortgage; snd in the even~ w~d MORTGAG02S she~l for any reawn (~il to keep the •aid p~emiiei so ~ tnsu?ed, or (ail to deliver promptly a~y o} said polities ol insurance to said MORTGAGEE, or fail. promptly to pay fulty any prcmium thereip w in +ny , respect fail ro pe~(cvm, d~scharge, e:ecute, e(fect, complete, comply with and abide by this covenant, o~ ~y part hereof, said MORTGAGEE may p!sce and pay fo? such insurance or any part thereof without waiving w ~ffecting any option, lien, equity, or right u~der ot by virtue oS this Matgage, and the _ fvl{ amount of each and every such payment shall be immediately due end payabte and shall bear interest from the d~te thereof ~roil paid at the rate ol nine per centum per annum and to~ethe~ with such in~ereat shalf be ~ecu.ed by the lien of thii mortgsge. 1. To permil, commit o~ suff~r no waste, impairment a deter+orotion of said property or any paA lhereof• 5. To pay all and singular the costs, charges ~nd expenses, including a reasonable ateaney i fee and wets of abstracts of tiNe, incurred a paid af any time by said MORTGAG:E, because or in the ~venr of ~he fai{ure on tFx pan of ~he said MORTGAGOR to duly, promptly snd fv~~y perform, d~xharge. exaute, effed, complete, comply w~th and eb:de by esch end every the stipulanons, sgreement~, conditions, and covenan~s of uid promissory note and th~i mor~gage any a eitFxr, and sa~d cosn, cha~ges ~nd eapenses, each and every, shall ba immediatety due and payable; whether a not there be notice da mand, anempt to collect w suit peno~r.g; and rhe full amount of each and every such paymcnt shall bear iMerest from ~he date thereof un~il psid a~ the rate oi nine per centum pe? annum; and all said costs, charges and expenses inwrred or paid, together wdh suth intere~t, shall be setured by the lien of thu mort~aqe. 6. That (a) in the evanf of any b~each of this Mor?gsge or default on 1he part of the MORiGAGOR, or (b) in the event any of sa~d sums of money hercin referred to be not promptty and fully paid wi?hin thirty {30> days next after the same severally become due and payable, witho~t dcmand or notice, or (c) in the evcnt each and every the stipulations, agreements, cond~tions and covensnts of sa:d promissory note and th~s mortgage any or either are not ~uly, prompNy and futly performed, d~xharged, exetuted, effected, compkted, compiied with and abided by, then in e;ther w any such eveM ths aaid ag pregate sum mentioned in said promiasory note then remaining unpaid, with i~terest actrued, and aIl moneys srcured hereby, ~hall become due and pay- able foithwith, w thereafter, at the option of said MORTGAGEE, as iully and complr~ely ae iF a~l of tFx said sums of money were orig~nally stipulated to be pa~d on such day, anything in sa;d promiuwy oore or io ~his Mortgage to ?he conuary notwiths~and~ng; a~d thereupon w thereahe+ at the op~~on of said MORTGAGEE, without notice or demand, suit at law a in equity, tlxrefore u thereaftcr begun, may be p~osecu~ed m if all money secu~ed hereby had matured prior to its institution. 7. That in Ihe event that at the beginning of or at any time pending any suit upan this Mo+tgage, a to fweclose it, w to reform it, or to enface payment o1 any claims hereunder, said MORTGAGEE shall apply to the Court having jurisd~ction thereof for the appointment of s Receiver, such Court shall fwthwith appo~nt a receiver of aaid mortgaged property all and ~inguiar, includ:ng alf and s~~g~lar the income, p~oi~fs, issues and revenues from whatever source derive~, each and every of wh:ch, it being expressty undersrood, is hereby mortgaged as if speufically xt forth and desuibed in the g~anting and habendum clauses heieuf, and suth Receiver shail have all the Moad and effecrive funU~ons and powers in anywise entrusted by a Court to • Receivtr, and such appointment shall be made by such Court as an admi~ted equity and a matter of absol~te right to said MORTGAGEE, snd without reference to Ihe adequaq or insdequaq of the valve of the property mortgaged or to the so:vency or insolve~+cy ol said MORiGAGOR w the defendants, and that such renis, profits, income, issues and revenue~ shall be apptied by such Receiver accord~ng to the tien w equity o( said MORiGAGEE and the practice of such Court. 8. To duty, promptly and fully perform, d~scharge, exec~te, effect, complete, comply w~th and abide by each and every the stipulatiuu, sgrcements, conditions and covenants in sa~d promisiory note and this mortgage set fwth. 9. That in the event the ownership of the mortgaged prem~ses, o• any part the~eof, becomes vested in a penon other than ihe MORTGAGOR, the MORTGAGEE, its successws and assigns, may, without notice to the MORTGAOR, dral with such successw a successor in interest with re(trence to this mortgage and the debf he~eby secured in the same manner as with tlbrtgaga w~thout in any way vitiating d d~xharging t}~e Mortgsgors' liability hert under or upon the debt hereby sec~red_ No sate of the prem;ses hrreby mortgaged and no forbearante on the part of the MORTGAGEE w its successors w assigns and no extcnsion of rhe rime fw the payment of the deb+ hereby secured given by the MORTGAGEE or 7ts successors a auigns, shall ope~ate to release, d~scharge, modify change w af4ect the wig~~al liaality of ~he MORTGAGOR herein, either in whole w in part. 10. It is specificatly agreed that time is of the esxnce of this coMract and tMt no waiver of any obl~gat~on hereunder w of the obligaYan sr cured hereby shall at any time thereafter be held to be a waiver oi the te~ms hereof.or of the instrumem secured herby. 11. In add~tio~ to the forego:ng mo~thly paymants of prir.c pal and interest required by the prom~ssory note secured hereby, mortgagw covenants and agrees to pay to mortgagee with each monthly payrnent an add~~ional sum est~mared by mortgagee to be eq~af to 1%12 of the annual cost of the fol{ow- li ~ A-AI~ real pr~perty taxes levied or assessed agaSnst thc above desaibed real estate. ~ B-Przmiums on fire and w~ndstorm insurar.ce as he~ein requ;red to be carr~ed on the improvements situate on the above described premises. C-Prermums on such mortgage guaranty irsu.ar,~e as mortgagee shall from rme to time deem fit to ca~ry o~ 1he loan secured hereby. ' Mwtgagee sha~l from t~me to t~m.e norify mortgagor ~n wrir;ng of the amount due a~d payabie hereunder and such surn shall thereupon be due and payable o~ the due date of tne next month:y payment and each successive month thereafter ur.til mortgagee shall notify mortgagor of a change in such ~ amovni. Such sums shall be applied by mortgagee tov.ard the payment of reai property tazes, insurance p~em:ums, and mortgage guaranty insurance premiums. IN WITNESS WHEREOf, the said MORTGAGOR has hereunto set his hand and seal the day and yesr first afwesaid. Signed, Sealed and deiivered in the presence of: an ' J lle t~,~ o~ (Sea4 ~ ~ R~sa Rolle ~~i~ STATE Of FLORIDA courm oF St . Luc i e Befwe me personally appeared JO@1 ROlle Ro sa Ro 11 e his wiie, to me well krawn and known to me fo be the individuaTs described in and who executed the faegoirg instrument, and ecknowtedged before me that they executed the ume fw tFx purposes therein eicpressed. And the said Rosa Rolie wife of the said JOel Rolle upon s xparate and private examinat~on by me taken separate and anart from her said husband, ackrawledged to and before me that she executed said instrument freely snd volwr rarity and without sny compulsion, constraint, apprehensioqr~br fear of or from her said husband. ~ WITNESS my hand and official seal thia ~~r day of 11 a- 19 74 ~ Notary P rc in and for t~ate of florida aT Large ^ My Com ~uion expires: Ly~ / 9 7~y Return To: Pirst Federal Savings 8 loan Association ~~~~i~~.~~' . Of Fort P:e: ce. , r_ ~ Fo~t Pierce. Florida ~ ' . fILEO AND P,ECORQlQ tT. ~uc1E couNtr rlA. ~ - - . " RQCEK POItIIA~ John W. Collfns . . iC0 D VERP~ EO COURt This Instrument Prepared By " . R_ ~ First Federal Sav+ngs 8 Loan Association ~ of Fort Pierce , Florida • _ ; ~ 9 ~ ~ ~ ~ Checked By ~ ~ . ` ~ ~ i~rMl ~a5/~.2r ~ a00K ~.GV PACf 6tJa) ~ • ~ fi . _ _