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Home My WebLink About1386 To place and conrin~outily keep on tne 6ui:d~r.gs now a herea~~er s,tvate on sa~d ~end and on aC c~.,:p~~~rni and per~ons~ly coverrd by ~h~s matg- ps, wilh all p~em:ums ~hr~con pa.d m 1~I(, frte ins~rance in ~he usual s~arxlerd po~icy form, in a sum aH,~ru~ed by the MOR~G:.GEE, ar.J w~n~s~onn intursnce i~ the u~ual s~andard pot.cy form, in a wm approved by the 1NORTGAGEE, such compaay or co•npa~.es as• the 1dOkTGAGEE may , d~recl; •nd all (irs and wm~~torm ~nsura~ce poGc~es o~ any of s~~d b~~~d~n~s, any ~n~erest there~n ar ~:art thc~eof, in the agg~eye~e w~~ afo~esaid o~ in exceu Ihereof, •hali :on~ain tha usual s~anderd mortgagee dause w wch othe~ dauss u ~he Mortgagee may irq~~rQ, mak~ng Ihr ~ess u~~Jrr •a,d po~i- ues, each snd every, pay~b:e to sa~d A~ORTGAGfE as nti ~mer~-s~ may appear, and each and eve~Y i~Kh pa:~cy ~he~t be p~anptiy asa g~~ed a~~d dr~~vrr~d ~o . ~ny held by se~d MOR(GAGEE as furthrr security to ssid mortgage debt, and, not fes~ than ten (101 dats in ad+ance ot the exp~~at~on of each po!~cy, to de- • live~ to said MORTGAGEE a ~enewal the~eof, togNher with a rece~pt fw the premwm oi s„ch rerxwal; and there shail br no f~re or wmdn~o:m insurance placed on any of sa~d buildings, any interost therein a part thereof, un!ess in the form •nd wnh the ~oss payable as afweu~d; and in the e+ent any s~m ~ i of mo~ey becwnes payable under such policy a pol~ues aaid AIURTGAGEE shall have the opt.on to recrive and app:y tha same on account af the ~ndentad- ~ ~ neas sewred hereby w to ~pe~m~t s~~d MORTGAGORS ro ~eceive and use it a any part ihe: wf icr c:hrr p~rF ~iri. ~~.~}»~t fh u~ ~3 ~~~.p~~~- . iny any equ~ty, lien a righl undr~ a by virtue of this mortgaqe; and ~n the eveM sa:d MORTGAGORS sha!i fw any reasoo fait to keep the sa~d p+em~sas so . ~ (n~ured, or lail to deliver prpnplly any of said policies of iniurance to sa~d MORTGAGEE, u fail prempNy to pay fu~fy any prrmiwn therefoi w 1n a~y • z rospect fail to pe~torm, dischargq execute, e(fect, complete, comply with ~nd ab~da by ~his cove~ant, a any part hareof, sa~d h1GRivAGEE may p~att and . , ~ pay for suth inwrance or any parl thereof w~thout waiving or affecting any option, lien, equ~~y, o~ ri~ht under a by vi~rue of this Mortgage, and the ~ full artwunt of each and every such payment shalt be ~mmcd~ately due and payab!e and shall bear interesi irom the da~e tM:reof u~~til Fa:d at the ra~e ol nine pe+ centum per annum and to~ethrr wifh such inte~est shall tx srcu~ed by the lie~ of this mortgege. t I. To permit, tommit or sulfer ~o waate, impairment or de~tr~oration of said property or any part thereof. 5. To pay all snd singular the costs, charges and e¦penses, indud~ng a reasonable attorney'~ fee and cosq of abstracts of title, incurred o? pa~d at a~y time by said MORIGAG'_E, bxause w in the e~ent of the ia~lure on ~he par~ oi the said MORiGAGOR to duty, pra^.~ptiy and futly perform, d~scharge, e~rcu~e, efiect, campleta, comply w~~h and ab:de by each and eve.y the st~p~,la~,ons, agreements, cond~T~ons, and covenanrs oi sa~d prom~ssory note and ~h~s mortgage any or e~~her, and sa~d costs, cMrges and expenses, each snd every, shs~l be 7mmed~afely due and payab~e; whethe~ w not ~here be ~o+~ce de mand, attempt lo co~lect a suil pend~ng; and the fu~! artwunt of each and every such payrt+ent shall bea~ interest from the date thereot until pa~d a1 the rate oi n~ne pe~ crnwm ~r anuum; and all said costs, charges and eaxnses incurred or pa~d, toge~her w~th such inferest, shall be seccred by the Gen of th~~ mortgage. 6. That (a) in the eveof of any breach oi this Matgage or defautt on the part of the MORiGA(iOK, a;oj i~ ine event any of sa:d soms af sa.:eq herein referred to be nol promptly and futly paid within th~rfy (30) dsys next after the same severally betome due and payabte, w+thout dernand or not~ce, w(c) in the event each and every the stipulanons, agreements, condrt~ons and covenants of sa.d promissory no~e and th~s mortgrge any or either are not ~uty, promp?ly and f~lly perfwmed, d.scharged, executed, effected, c~rnp:eted, compiied with and ab~ded 5y, then in e~iher or any such event ~he sa~d ag greyate sum mentwned in sa~d pron,~ssory note then remaining unpa~d, wirh interes~ accrved, and at~ mo~eya secured hereby, shatl become due and pay able fonhwith, o? thereafter, at the opr~on of said MORTGAGEE, as lully and complerely as if all of the sa~d sums of money were a~gena~ly st~pu:ated fo be pa~d on such day, anything in sa:d pro:n~sswy note or in this Irlortgage to the con~rary notw~~hstand~ng; and thereupoa a thereafier ai the opt~on of said MORIGAGEE, withaut nor~ce or de~nand, suit at !aw w in rqu~ty, tFkrcfore o? thereafter begun, may be prosecuted u+f ail moneys secured hereby had maturcd pnor fo ds insYautlon. 7. That in the event rhat at the beginning of w at any time pe~ing any su~t upon this Moifgage, w to foreclosc it, w to reform it, or to enforce payment of any claims here~nder, said MORTGAGEE shatl apply to the Cou~t having jvnsd,r.io~ fhereof 1w the appointmem of a Rece~+er, such Court sF+ail Forthwith appoint a receiver of said mortgaged p~operty aIl and singutar, intlud•r+g atl and s~ngutar the income, p~of~ts, issues and reven~es f~om whatever source derived, each and every of wh~ch, ii be~n9 expressly unders~ood, is hereby mortgaged as if spec.f~caily set forth and describrd i~ ~he granting and habendum dauses hereof, and such Receiver shall have a~l the broad and effectlve fv.ecr.ons and powe~s m anywise entruated by a Court ro a Receiver, an~ •uch appointment shall be made by such Court as an adm~tsed equity and a matter of absolure right to sa~d MORTGAGEE, a~d withcut refere~~ce to the adequacy or inadequacy of the value of the pioperty mortgaged or to the so~vency or ~nio:+~ency of sa~d l1lORiGAGOR u tfie defendants, a~+d rhat such _ ren~s, profits, incane, issues and revenues shal~ be app7ied by such Receiver accord~ng so the Iien w aq~ity ol sa:d MORTGAGEE and ihe pract~ce of such Court. 8. To du!y, promptly and f~lly perform, d~scharge, execute, effect, compiete, comply w~th and abide by each and every the stipulations, agreements, conditions and covenants in sa~d promissory note and this mortga~e set forth. 9. That in the event the owne.sh~p of the mortgaged p~em~ses, w any part thereof, beca~nes vested in a person other than the MORTGAGOR, the MORTGAGEE, iu successors and ass~gns, may, w:~fiout not~ce to the NORTGAUR, deai w~th such s~ccesse+ or a~ccessor ~n ~nte~est wfih reference to this mo+tgage and the debt hereby secured in the aame manner as with /Ro~tgagor w~thout in any way v:t:ati:~g or d~scharg~ng the Morrgagori liabitity herr under a upon t~'debt hereby secured. No sale of the Fre~•~ses hereby mo~tgaged and no forbearance on the part of the MORTGAGEE or its svccessors or assigns and no eztension of the time for the paymem uf the debt hereby sec~red g~ven by the MORTGAGEE or its successws or au!gns, a~~all operate to reiease, d~scharge, modify change or affect the orlg~nal liao~iay of the ~1ARiGAGOR Fxre~n, either in wF.oie or in part. 10. It is speufically agreed that tirne is of rhe essence of this co~tract and that eo waiver of any obl~gat~on hereunder w of the ob!igaYan sr cured hereby shall at any time ~hereatfer be held to be a waiver of the terms hereof w of the instrumem secured herby. 11. In a~d:tion to the foregc'~g mon'n!y ~;ayTents of princ ~a1 and ~nterest required by the p+oR+~sscry rro'e se.u+ed hrrrb/, mortgagor covenants and agrees to pay to moctgagee with each momky p~f•.;ent an addn~onal sum esr~Ta~ed b~ mortgagee to be equai to l,: 12 of the annval cost af the follow- ing: A-All real property tax<s lev~ed or assess~_d aqai^st the above deuribcd reaf estate. ~ B-Prem[ums on fire and windstorm ir.wracce as here~n req~:red to be car.;ed o~ the improvPme~ts s~tuate on the above described psemises. ~ C-Pre~n~ums on such mo:l3age guaranty i~wracce as morfgagee shail frc~r. i me to t~~ne dee:n fit to carry on the loan secu:ed hereby. I Mortgagee shail frorn t~me to t~me no!~fy mortgagor ~n writ~ng of the ar.,ou~t dve and payable hereundar and such su~. shail thereupon be due and payabte on the dve da~e of the n~xt month:y pay~r~nt and each svccess~ve momh the~eafrer until mortgagee sha!1 not;fy mortgagw of a change in such amount. Such sums sha'f be applied by morega3=e :~ward ihe paytr:ent of real property taxes, inwrarxe p~em.ums, a~~d mortgage guaranty insurance premiums. IN WITNESS W FAF, the said MORTGAGOR has he~eunto set his hand and seal tfie day and ~r ferst afwesaid. S" a? nd.fletiv d in the ~esence of: ~ ~ • ~~~~~~t ` ` a4 (Ses ` C i ~ . ei R. Sturhahn ~~ai~ r~ _ STATE OF fIORfDA ~ St . Lucie COUNTY OF ~ Before me personal~y appeared Bdwazd M• Stt3Y~1d~1D~.1t., and Leigh R. StI1Ztlatlll his wife, to me wefl known and known to r+x to be the individuais described in and who execured the fwegoing instrument, and acknowtedged before me that they exec~ted the same fw the purposes therein expressed. And the said j"eiC~ R. $t~lY~1~U1 - wiie of the said Sdr~ard M StLllll_a_bIlr'JY t _ vpon a xparate and private examination by me taken sepaeate and apart from her said h~sband, acknowtedged to and before me that she executed said instrument freeiy and volurr tanly and w~thout any compuls+on, constraint, apprehens~on,, oLr fe~ar of w from her said husband. WITNE55 my hand and offic~al seal this day of ~=i~' A. D. 19 74 ? Notary PuSt~c in and for the ate of Florida at large My Comm~ssion expires: i O- 3 L 7(~ Return To: S First Pederal Savings d. loan Associahon J Of iort Perce. . . ~ For~ Pi~rce, Flo~ida f`Ep Ay~, ctECORDE~ ! ' ' , s~.lUC1E GOUNtY FL . , CER PG~=iIAS ~ 1+ R~ ~~_1Tf;CflUpT j ..__1~`~ ` This Instrument Prepared By ,1~ H. Roberts JZ . qft~~ Vc'~ ~ _ First Federal Savings 8~ loan Associat~on A u f~~ ~ , } ~ . : ; ' of Fort Pierce ~ Rlozida ~ `1 Ol _ ' ` : . Chetked By~r ~~Q.+~S3 . ~ 2 . ~ ~oa~226 ~1,,385 . . ~ 4 ~ ~ . _ ' a.~~.~---~ . ~ ~ 2 ' `r fi'. 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