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Home My WebLink About0617 To place a~d con~inuously keep on the buitd~ngs now or herea{~er ~ituat~ on sa~d ~and and on all equipmenl and pe~fonally cove~ed by thE~ matg- eg~, with all ptemivmi fhereon pa~d in (ull. (ire i~surance in the usual s'andard policy lorm, in a sum spproved b~ the h10R+GAGEE, anJ w~ndatam ~ inwr~ncs in th~ usual srand~.d pol~cy form, in a sum apwoved by tM MORTGAGEE, in such compsny or compan~es as the MORIGAGEE may direcQ and all firs +r~d w~ndstorm inwra~ce po~~c~es on any of sa~d buiidmflt. any lntaes~ therein w pa~t ~he~eol, in Ihe aq~rc9ato ium aforesa~d w In exce~f IAereof, shall contain the usual sundard maegag~e clause w such o~her c~ause as tM Mor~gsgee may rcqu~re, mal.ir.p ~he losa undrr se~d poli- c~as, each and every, payab~e to said MORTGAGEE ss its iroe~eil may appear, and each and eve~y such po!~cy shall be promp~ty assg~rd a:~d det~vered ~o ~ny held by uid MORTGAGEE ss iur~her security 1o said mortyage debt, and, not les~ thsn ten (10) days in advance of tht eapuat~on of each pol.cy, to de- ~ liva ro i~id MORTGAGEE a rarxve~al thereof, fogether with a receip~ for the premium ot such ronewal; and ~F~Cff shall be no i~re or winds~or,n ins~ranc~ _ placed o~ ~ny of said build~rgs, •ny interest therein w part thereof, unless in the form and with tht ~ou payabfe as a(o~eu~dJ ~nd in the event any sum ~ of monty betomes pay+ble vnder such policy a policies wid MORiGAGEE ahall have ths opt~o~ to rece7ve and apply the ~ame on account of the i~~rbted~ . neu secured hereby o~ ro permit sa~d MORTGAGORS ~o receive and ua it a any pa~t the~eof tor ofner purposes, w~~t,•~„e ~h.~~br wa.+~~~~ or ~~~:psu• , : irq any equity, lien a righl unde~ w by virtue of this mortgsge; and in the ~vcnt wid MORTGAGORS shefl fo~ sny ?eason Fail to keep the said premisas so ~ ~ insured, o~ i~il to deliver promplly ~ny of uid polKies ot insuronce to iaid MORTGAGEE, w fail prompely ~o pay (uily any prc~»~~m therefor w in a~y s resped feil lo perfam, discharge, execute, sffect, compiete, comply wi~h and abide by this ceve~ant, o~ any pa~t harroi, said MORTvAGEE may p~xe a~~o ` pay fw iuch insurance or any part thereof w~thout waivinp w•ffecting any op~io~, lien, equ~ty, or right u~der or by virtue of ihis M«~gage. +nd the ~ iull amount of each and every :uch payment shsll be immediately due and payable snd shall bear interest from the date thereoi u~~~il pa~d at the rata ol nin! p!~ CMtum per annum and to~ether wiih tuch interesr shal{ br secured by the tien of this mortgsge. # 4. To permlt, commit or su(f~r no waste, impairment w deterioration of said property w any part thereof. ` 5. To pay al) s~d singular the costs, charges and e:penses, inctuding a reasonable attwney's fee and costi of abstracrs of t~tle, incurred o~ pa~d at any time by said MORTGAGEE, because a in the event of the fa~ture on the part of Ihe said MOR7GAGOR to duly, promptly and fully pe.form, d+xharge. eaecute, effect, comptete, comply w~th and ab:de by each and every the stipulat~ons, agreements, conditio~s. and covenants of said prom~sswy note and ~h~~ mortgage any or ei~her, and sa~d costs, charges +nd expensea, each snd every, shall be immediatety due and payab!e; whether a no~ there be ~o+~cc d~ mand, sttempt to collect or suit pend~ng; and the full amouni oi each and every such payment shalt bea. interest from the daee thercof untit paid ~t the rate of nine pee centum per ennum; arw all said costs, charges and expenses incurred w paid, tofyefher w~1h such interett, ihall oa srcured by the iien of th~f mort9s9e. - 6. Tha1 (a) 1he eve+~t of any breach of this Mortgage or defaulf on the paA of thc MORTGAGOR, a(6) in tF+e event sny of ia:d tums of mo~ey he~ein roferred to be not promptly and fully paid within thirty (30) days next afrer the same severally become due and payabte, witAoul demand o+ nor~ce, ? or (c) in the event each and every the stipulations, sgierments, conditions and covensnts of aa:d promisw~y note and th~s mortgage any a either are not ~uly, promptly and iully perfo?med, d~scharged, ezecuted, effected, compteted, compl~ed w~th and abided Sy, theo in e~~her or any such event ~he u~d ag gregste sum mentioned in said promissory note then re~naining unpaid, with i~t~rett accrued, snd ell moneys secured hereby, shatl becortse dve and pay- eble forthwith, w therea4ter, at ~he oprion of said MORTGAGEE, as fully and complefely as it atl of the sa~d sums of money were org~nally tt~pvtafed ro be paid o~ such day, anything in said promisawy note or in this Morigage to the cavrary rtotwirhstanding; and thereupon or therea{ter at the op~~o~ of said MORTGAGEE, without norice or demand, suit at law w in equity, therefore or the+eafter begun, may be prosecu~ed as if all moneys secu~ed Fxreby had matured pnor to its institution. ; 7. That in the event that at the beginning of or at any time pending any suit upon this Mortgage, o~ to foreclose i~, w to refwm it, or to enfwce payment of any claims hereunder, said MORTGAGEE shall apply to ihr Coun hav:ng jur~sd~dion theceof fw the appointmem of a Receiver, such Court shail fo~thwith appoint a receiver of said mortgaged property all and singular, irulud~ng all aM! singular the income, prof~ts, issues and revenues from whateve~ source derived, each and every of whrch, i1 being expressly under:rood, is hereby morfgaged as if specifically set fa~h and dewibed in tF?e 9.an~ing and habendum dauus hereof, a~d such Receiver shail have aIl ~he broad and effec?ive funcnons a:,d powers in anyw~se entrusted by a Cou.t to a Recei+er, and s~ch appointmenf shall be made by such Court as an admitted equity and a r.~aner of absotute ?ight to ssid MORTGAGEE, and w~~hout ?efererxe ~o the adequacy or inadequaty of the value of the property mortgagcd or to the soivency or insotvency of sa~d MORfGAGOR p the defendants, and that svch rents, profits, income, issues and revenues shall be applied by such Receiver according to the lien w equity o( said MORiGAGEE and the practite of such CouA. 8. To duly, promptty and fuily perform, discharge, execute, efiect, complete, comply with and abide by each and every the stipulations, agreements, conditions and covena~~s in sa~d promissory note and this mortgage set fath. 9. That in the event the ownersh7p of the mortgaged premises, or any part thereof, becomes vested in a person other than the MORTGAGOR, the ~ A10RTGAGEE, its successws and assigns, may, without notice fo the A10RiGAOR, deal with such succeuw or successor in interest with reference to thia ; mo~tgage and the debt hereby secured in the sar»e manner as with Mortgagor w~thout irt aay way vitiating or d~scnarg~ng the Mortgagors' liabitity herr ~ under w upon the debt hereby secured. No sale of the premises he~eby mortgaged ar.d no forbearance on the pan of the MORTGAGEE or its suctessors or assigns and no extension of the time tor the payment of the debt he~eby secured given by the MORTGAGEE or its wccessors w au~gns, arall operate to retease, discharge, modify change or affect the original liability of the MORTGAGOR herein, either in whole w in pa~t. 10. It is speufically agreed that time is of the essence of this contract and that no waiver of any obl~gat~o~ hereunder or of the obligatan sr cured hereby shall at any time thereafter be held to be a waiver of the terms hereof w of 1he inslrument secured herby. ~ I1. In add:tion to the (orego:ng mo~thly paym~nts of princ'pal and inrerest required by the promiswry no!e secured hereb~, mortgagor covenants artd agrees to pay to mo:tgagee w~th each momhly payrnero an add~rionai sum esnmated by mortgagee to be equal to 1,' 12 of tne annual cost of the follow- ~ ing: ! ~ A-All real property taxes lev7ed or assessed against the above described real estate. ~ B-Prrm~ur-~s on fire aad wlrtdsto~m ~nsurar.ce as here~n requ:red to be carried on rhe improvemeats s~tuate oo the above desc.~bed premises. ~ C-Premiums on such mortgage guaran~y ir.surar,ce as mo~tgagee shail from t~me to time deem fit to carry o~ the loan secured hereby. ~ Mortgagee sha?I from time to time notify mortgagor in writing of the amount due and payable hereunder and such suT :hall thereupon be due and Fayabte on the d~e date of the next month!y payment and each successive mo~th thereafter ur.til mortgagee shail notify mortgagor of a change in such ~ amount. Such sums shali be app!ied by mortgagee toward the payment of real property taxes, insurance prem;ums, and mortgage guaraniy inwrance ~ ~ premiums. # 1 WITNESS YJHEREOf, the said MORTGAGOR has hereunto set his hand and seal the day and year first afwesaid. ~ igned, Sealed and de~ivered i t preser.ce of: ~ i ~ 0 1't L• Sti th L ~ s~ ~ n ~ Mat ld8 P'. Si~th rsea~ ~ STATE OF FIORIDA ~ Lucie ~ rOUNTY OF St • ~ ~ Befwe me personally appeared Robert j.• ~1tZ) and ~ ~'~dt lda P• $a~Lh h~s w~~e, to me wefl known and known to me to be the individuals described in snd who executed the fwegoi`~ instrument, and acknowledged before me tF»t they txecuted the same for the purposes ~ therein ezpreued. And the sai' ~t+i~ p• ~ltZl ~ ROb@Yt L. SO~ttf u a rate and ~wte wife of the said - Po^ ~P+ P~ examinaYan by me taken uparate and apart from her said husband, atknowtedged to and before me that she executed said instrumeot freely and voluo- f~ rarily and without ar.y compu!sion, constraint, apprehension, w fear of w from her said husband. WITNESS my hand and afficia! seal thi• ~ 3' dsy of Apr il - a o. i9~4 FN . ~ Notary Public in and for the St of Fbrida at large j - My Commission expires: ~ 0.~ Q•~ ` i Return To: - • First Federal Savings 3 loan Association Of fort V~erce. =s5 Fort Pierte. Florida ' ++~:+r. • FtLE01?ML! R..CJRDED _ : • ST.I.iIGaE ..~UNTT fU. ~ . : RGCE~ ~81tRAS . . ~ . . , : ~ CLE~K C~t:CI11T COilll7 = ~ ~ ; . ~ . ~ This Instrumem Prepared ByJ. H. Roberts Jr.pE~~K~ v[a~~if0 ~J ' _ First Federa) Savings 8~ Loan Association _ , ~ _ µ .of Fort Pierce ~ Florida ~16 9 g? ~ = , ~J = - ~ ~ r,~ - Ghecked By ~ . y . _ . r ~ 2':'95ti:~ ~ : r _ , ~ 7:ti~ Boo~ 226 P~ 6~ ~ . - ~ r -~4 - - - ~ - ~ ~ _ . : _ _ ~ ? . . . _ - ~ . . _