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Home My WebLink About1112 3. To place and cont~n~ously keap on the b~~'d~~:~s now or hereairer 1~t~at0 0~ feid tand snd on all equ~p+ue~~ and pe~wnally covercd by Ihi~ mong- aqe, with all prenuums iherron pa:d futl, fue ins~r,nce ~n the usual s~a~ulard polity lorm, in a sum approvrd by the MORiGAGEf, a~~d w~~dilOim ~nsurance i~ the usubl standard puLcy 1or~n, in a wm approvtd by ~he MORTGAGEE, in aoth company or tompames as the MORiGAGEE may d~rec?; •nd all fire and w~nJ~iorm insura~te pol~c[~s on eny o( sa.d build~nys, any inlerest therein o~ part ~herc~of, in the agyrrgate s~m ataew~d or in eacess thereo/, shall con~ain ine usual srandard matgagae clause or such o~her clause as the Morigagaa may re~u~re, ms?ing Ihe loss u~xlr~ ~•~d po~r c~es, each and every, payabae to sa~d MORTGAGEE as ~ts m~err:t may ~ppear, and cach and e+ery such po~ky shsll be prompt~y aia g+~ad and de~~Yered +o sny held by se~d h10RiGAGEE as f~rthrr security to ?aid mo~tyage debt, and, no~ less ?han ten (]0) days in adva~xe of 1he expvat~on of each pol~cy, to da I~ve~ to said MORTGAGEE a renewal thereot, together with a receipl for tht premium of such ~e~e~rral; and the~e shall be no i~re or windstorm insurante placed on any of sa~d b~~!d~ngs, any inte~est the~e+n w part the~cof, unlrss in ~he (orm and w~~h the loss payable as aforesa~d; and in ~he e~ent any sum of money betomss payable unde? such policy or poLcies sa~d MORTGAGEE shall have ~he opt,on to reca~ve and apply the same on accouni oi ~he iodobted- neu secured he~eby or to perm~f sa~d MORTGAGORS 1o rece~ra a~x! use it a any part ~t~rreol ior o+n~r purpmrs. .v~~ho~~ ~h_r. u1 .va~.~ ~~+;pa~~- ing any equ~ty, lien or right under a by virtue oi this mo:t9age; a~+d in the event ia~d MORTGAGORS shall fo? any ~eason fail to keep the said premiscs so insured, w fai~ to drlive~ p~anptly any of said pol~cies oi inswance ~o sa~d MORTGAGEE, or fad promptly to psy f~Jy any prenu~m therefor a in any respec~ fa~t to perform, d~scharge, exec~te, effect, compldte, co~~pty wirh ar~d ab~de by this covenan~, or any part hrreof, said MORTG~GEE may place a~~d pay fa such insu~ance or any part thereof without waiving or affecting any option, lien, equ~ty, or right unda a by virtue of this Mo~tga9e, and the f~ll amount of each and evrry s~ch payment shall be im.ned~ately due and payable and shall bear interest fran the date thereo( until paid at the rate of nme per cenrurn per annum and to3ather wirh such int~:~st shali tx secured by the lien of this mortgage. 4. To permit, commit w a~ifer no wa~te, impairn~nt o~ detrriorotion oi said property w any part thereof. 5. To pay all and singular the costs, charges and e,epenses, inciuding s reasonable at~orney's fee and costs of abstratts of title, incurred a pa+d at eny time by said MORTGAG.E, because or in the eve~t of the failure on tha part of ~he said MORiGAGOR to duly, promptly and fully perform, d~xha~ge. exec~re, effect, complete, comply w~th and ab:de by ea.h and every the stipvlat~ons, agrrements, cond~tions, and covenants of sa~d p~om;swry note and this ,~+ortgage any or either, and sa:d costs, charges and expenses, each and every, shall be immediately due and payabte; whether a not thers be nonce d3 mand, attempt to co:lecl w su;t pending; and the (ull amount of each and every such paymem shall bea. imerost from the date thereof until paid ~t the r~te of nine }~er cent~m per annum; an~ all said costs, charges and rxpenses inturred or paid, toge~her w~th such imerest, shall be sacured by the lien of this mottgage. 6. That ia) in the event of any breach of ehis Mortgage or default on the part of the MORTGAGOR, or (b) in the event any of sa~d s~ms of money F.erein refe~red to be not p~anp~ly and fully paid wi~hin thi.ty (30I days next after ~he same seve~a!ly become due and payab!e, without demand w not~ce, or (c) in tha event each and every ihe stipu;at~ons, agreements, tonditions and covenants of sa:d promissory note m~d th~s matgage any w either are not i~ly, promptly and f~lfy performHd, d~schargrd. e;ecuied, effected, comple~ed, compGed w~th and ab~ded Sy, then in either or any such event ~he sa~d ag ~regate sum memioned in sa~d promissary note then remaining unpaid, with interes~ accrued, and alI mooeys secured hereby, shall become d~e and pay ab:e forthwith, o~ ~hereaf~er, at the opnon of sa~d MOR7GAGEE, as fully and compie~e~y as if all of the said sums of money were orginaUy it~pula?ed ro be pa~d on such day, anything in sa.d pronl~sswy note or in this Ma~gage to the contrary notwilhstanding; and thereupon w thereafter at the opuon of s~~d MORTGAGEE, without not~ce or demand, s~~t at law or in equ~ty, thernfore or thereaiter begun, may be p~osecuted as if ~II mooeys secured hereby n~d matured pnw to ~ts inst~tut~on. 7. That in the event that at the beginning o( or at an~~ time pending any suit upon this Mo~tgage, or fo fweclose it, or to reform it, or to en(orce payment of any cia~rns he~eunder, aaid MORTGAGEE sFwII app~y to the Court havi~:g ~unsd:alon ihe~eof for the appointment of a Recei~er, such Court shall forthwirh appoim a receiver oF sa~d mortgaged property all and sing~tar, inciud.ng al{ and s~ngular the income, pro6ts, issues i~d revcnuts from whatever sc~~ce derived, each and every of whkh, it be~ng express!y unders:ood, is hereby mor~gaged as if speufically xt forth a~d dexribed in the granting and t,~bendum da~ses hereof, and such Receiver shali have all the broad and ef(ective funct,ons and powers in anyw+se eMr~sted by a Court to a Recei.er, and r_ch appo~nrmero sha11 be made by such Court as an ad~nitted eq~ity a~d a n:atter of a6solute r~ght to said MORTGAGEE, and without reference to the adequacy or inadequacy oi the value of the property morigaged or to the so~vency or 1nsolvency o( said MORiGAGOR or the defer.dants, and ~hat such r•~~is, pruf~ts, income, issues and revenues shall be apptied by svch Rece~ver aczord~ng to ihe lien w equity of said MORTGAGEE and the p~actice of such Courf. 8. To duly, promptty and fully perform, discharge, execute, effed, complete, comply-with and abide by each and every the stipulations, agseements, , ~onditeons and covenanu ~n sa~d promiisory note and this martgage set forth. - 9. That in the event the ownership of the mortgayed prem~ses, or any part thereof, becomes vested in ~ person other than the MORTGAGOR, 1he .'ORTGAGEE, its successors and assegns, may, w~thout no~ice to the MORTGAOR, deai with such wccesso~ or successw in interest with reference to ~his f n,ortgage and the debt hereby secured in the same manner as w~th Mor~gagor wiihout in any way vit~ating or d~scharg~ng the Mortgagori liability here- cnder w upo~ the debf hereby sewred. No sale of t1:e prert~iirs hereby mortgaged and no forbearance on ~he part of ~he IAORiGAGEE w its tuccessors or assigns and no eatens~on ot ~he time fw the payment of the debt hereby secu.ed g~ven by the MORTGAGEE or its s~ccessors or ass;gns, a~ull operate ro release, d~scharge, modi(y change or affect the onginal IiaE:Iity of the MORTGAGOR herein, either in whok w in part. 10. It is apecif~caliy agreed that t~me is of the essence of lhis contract and that no waiver of any obligation hereunder or of the oblyation se- ; c~red hereby shali at any time th~reafter be he:d to bt a waiver of the terms hereof or of the instrument secured herby. 11. In add:t;on to the foregc ng mcnth?y payments of princ paI rnd im•~rest requ~red by the prom~swry no!e sewred hereb~, nwrtgagar covenants ~~:d ag.ees to pay to emo-tgagee w~rh each mon+hly payr~:eiV an add~~~onal sum es~~~~eted by mortgagee to be equal to 1, 12 of the annua! cost of the follow- `7= i I A-All real proprrty taxes lev~ed or assessrd aga~^st the aoove described reat estate. B-Prert,~ums on flre and viir.dsto~m i~svracce as herein req~;red to be ca•ricd on the improveme~ts sitvate on ~he above descr~bed prem~szs. E C-Prem~u:•~s on such mortgage guaranty inw~a~~ce as mortgagee shall f~cm t~me to ti~ne deem fit to tany on fhe loan secured hereby. ~ Mortgagee sha!! from time to time r.ctify mortyagor ~n writ~ng of the amount due and payabte heieunder and such suns shall thereuaon be due and i ;~yaole on thr due da~e of th> r.ext mcnth:y payment and each auccessive month thrreafter uctii mcrtgagee shall notify r.wrtgagor of a change in such s ~ ovnt_ Such sums sha!i be ap ~ by mortgagez tow~ard the payment of ~eal property taxes, insurance prem:~ms, a~id mortgage guaranty insurance ~ r•~ern~ums. \ ? IN 1VIT Y:HEREO the s' ORTGAGOR has hereunto set his ha~;d and seal the day and ye u foresaid. ~ ~ ~ l ed eliv in e esence of: Seaq ~ ~ _ be]Ct A. G bb ns ~~aq ~ a~-Q- Seary ~ zen . ons ~s~an ~ - - ~ " SiATE OF iLORIDA t ~ CJUNTY OF SL• I.11Cle i T Robert A. Gibbons y Before me personally appeared and ~ Karen R. Gibbons his w~fe, to me well known and known to me to be ~ ~hz individuafs described in znd who executed rhe foregQjpg~ ns~trurppnt, and_ ackOnnw3ledged befwe me that they executed the same tor the purposes rheroin expressed. And the said KS K~ G bb w~fe of the sa~d Robezt A Gibbocis upon a separate and p~~vste =x eram;nat~on b~ me taken separa!e and apart from her said husband, acknowledged to and_before me that she executed said instrument freely and volvrr rarily and w~thout any compulsion, constraint, appre1hens:on, w fear of or from her said husband. WITNE55 my hand and offiual seal this__ 1~'f~- day of ~=il / A. D. 19 74 ~A-~t~.a.- ~ • .a~ - Notary Public in and fo t e State of flwida ~t larfle My Commission expires: / O 3 C 7 b _ Return To: ~~Q~O~ _ - first Federal Savings 3 Loan Assouation - ~ o? fc~+ v e-ce fILEO AND RECORgEO ' ~ F~,: Pier~e. Flor~c!a ST. LUCIE COUNTY rLA. - ROGE* PO 1t1AS ; ; ~ . - CLERK C~RCUR CCURT • _ - RECORD YFP'=1E0....~..~.~ - . - _ This Instrument Prepared By J. H. Roberts, .Tj~ ~p p 4g `y 1?~ " , First Federal Savings & Loan Association flfl[ O ~7 ~11i ' . of Fort Pierce, Rlorida ~ , ~ _,,p Checked By . ~'~r . ~ 0 R ~~~1 80~1( ~ ~ACE ~ ~ ' ~ dz ~ . - - - - - - - - - - -