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Home My WebLink About1430 3. To place and con~inuous~y keep o~ the bu~'d~n9s no,w or hereafter f~~uete on so;d lend and on all equ~p~iten! and penonally colered by this mo~tg• sge, wilh all p~emiums Ihe~eon ya~d in fuii, hre ++~suroncr ~n ~hr usvei s~o~~de~d po,ic/ form, in a aum a{.p~o+rJ b~ ihe MGRIG:.GEE, a~ J wir~dstwm fnsurance in the vsual s~andard pui:cy fo~m, in e w.n appro~ed by ~he MORTG~GEE, in iuch canpa~y or cor~~pa~~.es as th~e MORi~AGEE m+y dirscl; and all iire end wmJ~torm insu:ance po~k~es on any of sa~d build~ngs, any intere~t therein or part thrreof, in ~he agg~•-gere tum atoresa~d or in exces~ the~eof, •hall co~~aln ihe usual s~andard morrgayee uause w wch o~her davie at ~he Mortgagee mey reyu~re, mak~ng iha ~oss w~Jc~ s~~d po~i- w, c~es, each and every, payab!e to aa~d A1JRiGAGEE as ~~s ~~~~~~~est may appear, and each and eve~Y aucA poi,cy shall tx pro~nptiy ass gned end del~vored ~o any held by said MORTGAGEE as fwther secwity ro said mortyage dcbt, and, no~ leu ~han ten l10) days in ad~ance of the exp~ra?~on of rach pofcy, to dr liver to said MORiGAGEE a renewal thereof, iogeiher wiih a receipt fo~ the prrm~um o( such renewaf; and there thall be ~zo ine o~ wu:cis~wm insurance plued on any of said bvitd~ngs, a~y ~~teroaf there~n a part ~hereof, unfess i~ the form and wiih ~he losa payabte as aforeseid; and in the e~ent a~y sum of money kxcomes payable undcr such pollcy or paLcies said MORTGAGEE shall have ~he opt~on to reca~ve and apply fhe same on accoun~ of the indobtrd- ness secwed he.eby or to permit sa~d MORTGAG025 to ~rcriva and use it or any part ~he~rof ior o:h•_r p~~~ osrs, .v:~~~o:.t ~h or 1•:~~•• ~7 ~r p°'w~r- ~ ing any equity, I~en or righl undar or by virrue of this mo:tgage; and in the eveM sa~d MORT(iAGORS shall for any reason fail to k~ep ~he :a1d p~em~srs so insured, Or ~ail to delivet promptly any of said po~~c~?s o} insurance lo Se~d MOR~GAGEE, or fa~~ promptly to pay fu+ly any premwm therafOr or in a~y , reipect fail to perform, discharge, eaecute, etfect, canplete. :ompty wi~h and abide by th~s cove~ant, w any pa~? hrreof, sa~d MGRTGAGEE may p~ace ano ~ pay fw such insurance or any part thereof w~~hovt wai~inq w affecting any option, lien, equ;~y, o~ righ?.under w by vir~ue oi ihis Mo~t~age, and the full smount of each and every such payment shall be immediately due and peyable and shall bcar i~tcrest Irorl the dare thcreof uniil p~id at thc rate ot nine per crntum pet annum and to~rfh~~r w~th such interest shai~ !~e srturtd by the lien of this mortgaga ~ 1. To permit, cornmit w suf(er no waste, impa~micnt w deterio~at~on of said property or any part thereof. S. To pay all and singutar the costs, charges and eApenses, including a reasonable altorney's fee and costs of abstracts of title, incurrzd or pa~d at any time by sa~d MORTGAG:E, because w in the event of the fa;lure on the part of the said MORTGAGOR to du~y, pra,~p~tY and fukly per(o~m, d~scharge. execute, effeU, completr, comply wuh and ab:de by each and every the stipuli~~ons, agreements, condit~or», and covenants of sa~d prom~ssory note and ih~i mortqage any or either, and sa~d costs, charges and expenses, each and every, shall be immediate~y due and payabte; wh:ther or not thefe be not~ce d~ mand, atte~npt to collect or wit pend:r.g; and ?he fult amoum oi each and e~ery svch payment shall bea. in~erest from the date thereof umil paid at the ~~te o~ n~ne per centum per annu:ir, and all said cosn, char9es a+id eaprnses incurred w paid, ~ogether w~th such in~erest, shall be secured by the lian oi Ihi~ mortgage. b. That (a) in the event of any breach of ~hia Mortgage or defau~t on thr part of the MORTGAGOR, or (b) in the event any of sa:d sums of money herein referred to be not promptiy and fully paid within th~~ty (30) days next afrrr the sar»e severa'ly become dve and payebte, wi~hout de~nand or no?ice, or (c) in the e~ero each and every the stiputafions, agreemems, cond~t~ons and covenant3 of sa,d promissory note and th,s mortgage any or e~ther are not ~uly, promptly and fully perfwmed, d,scharged, executed, effected, canp~Ned, comp~~ed with and ab~ded 5y, then in either or any such event the sa~d ag g:egate sum mentioned in said promissory note then remaining unpa~d, with interest accrued, and all moneys secured hereby, shall become due and pay- abie forthwith, or thereafter, at the oprion of sa~d MORTGAGEE, as fulty a~d comp:eiely as ii all of ti~e sa~d sums of money were or~ginafly st~pu;ated to be pa~d on such day, anything in sa:d prom~ssory note or in this Matgage to ~he cororary notwithstanding; and ~hereupon or thereafter at the op~~on of sald MORTGAGEE, without nonce or demand, wit at law or in equAy, the+efore w thereaiter begun, may be prosecuted as i4 all moneys secured hereby r~d matured pnot to ds institution. - 7. That in the event that at the beg~nn~ng of or at any t~me pe~d~ng any su~t upon this Mwtgage, or to foreclose it, or 1o reform it, or to enForce paymem of any claims he~eu»der, said h10RTGAGEE shali apply to the Court having ~urisd~U~on thereot for the appo~ntment of a Receive~, such Courf shafi fcrthwith appoint a receiver of sa~d n,ortgaged property all and sing~;ar, inctud~~g atl and sing~Iar the i^come, proi~ts, issues ard revenves from whatever source derived, each and every of wh.ch, ~t ir~~ng expressty understood, is herrby mortgaged as ii speufically set forih and dewibed m the graming ar.d hscendum clauses hereof, and svch Receirer shatf have all the broad and efiedive funceons and powers in anywne entrusted by a Ce~~t to a Recerver, and s. ch appointment shall 5e made by such Co~rt as an ad~nitred rqu~ty and a matter of absotute right to said MORiGAGEE, and wi~hovt re(erence to the adeqvacy or inadequaty of the value of the property mortgaged or to the sotvency or insoivency o( said MOR1i,AGOR o+ the defendants, and that Such ren+s, profits, income, issues and revenues shail be applied by such Receiver accord~ng to the lien or equity of said MORTGAGEE and the pract~ce of such Court. 8. To duty, prompt:y and fu11y pe+form, d~scharge, exec~te, effect, complete, comply with and abide by eath and every the sf+pulations, agreements, :ond'nions and covenants in sa~d pramissory no:e and th~s mortgaqe set forth. 9. That in ihe event the o.vne~sh~p of ?he mortgagrd prerr:ises, o~ any part thereof, becomes vested in a person other than the MORTGAGOR, the :'.ORTGAGEE, its successors ar.d ass~gns, may, wirhout no+ice to ~he A10RTGaOR, deal with such successor w successw in interes~ wifh reference to ~hie n,o•~gage and the deb~ hereby secvred in the same manner as with lAortgago~ without in any way vit~ating or d~scharging the Mortgagori liability here- ur,der or upon the dent hereby sec~red. ko saie of the premises hereby mortgaged and no forbearance on the part of the ldORiGAGfE or its suttessors er assigns and na exrensron of ~he t~me io. rhe payme~~t of the debt hereby secured g~ven by the MORTGAGEE or its successors or ass;gns, a~~afl operate ro re!ease, d~scharge, modiFy change or affect the orig~nal liab~lity of the MORTGAGOR herein, either in who~e or in part. 10. It is specif~caity agreed that time is of the easence of this contract and that no waiver oi any obligat~on hereunder or of the obligation se- f cured 'nereby shalt at any time fherrafter be he!d to be a vvaiver of fhe terms hereof w of the instrument secured herby. y ' f 11. In add~tloa to rhe fo~ego ng .~onthly paym~ros of princ pat artd interest req~ired by the prom~swry no!e secured he~eb~, mortga~or covenants ~ s•,d agrees to pay to mo:'g~,ee v:~!h each mor.ihiy pa~r.,ent an add~:~onal sum es!~mared by morigagee to be equal to 1,-' 12 of t;~e annual cost of the follow- ~ ~ A-All ~eal preperty taxaz fevie~ or assessc~ aya+•~st th~ aoofe d<~scribcd rral estate. ~ B-Pr~~r.~~ms on fire and •r~~ndsto-m ir.su:acce as here~~ requ~red to be carried on the improveme~ts s~tuate on th~ above d_scr~bed premises. ~ C-Pre~n~~ms on such morty;ge guaranty +r.s~rar.ce as moctgagee shail frcrr: r.r.e to time dEem fit to ca:ry o~ fhe loan secu:ed hereby. ~ Mortgagee sha~! frcm rime to tlme no!~fy mortgagor ~n wr~t;ng of the d.T.OVO1 d~e and payable hereundr~ and wch surn shai! thereupon be due and ; iyable on the due dare of fhe next onrhiy payment and e~ch success~ve month thereafter ur,til mortgagee shall notify mori9agor of a char.ge in such > ~ oun!. Such sums stia!i be appiied by rtgag~e toward the aayrr,ent of reai prope~ty taxes, insurance prem;ums, a~id mortgage guaranty insurance ~ e•cmiums. ~ ,IITNES ' EOF the i'~OR AGOR has hereunro set his hand and seal the da~r and year first aforesaid_ ~ $e I d a e ed in e pr of: £ (Seal) ~ nneth R. D ew ~~aq n~ ~j, _C~~GT ~ ij~. -~L~,t {Seaq « - - - -1't~' ' J ~ ~ ave 1~~~Z~ t5eaq ~'t ~ SiATE OF FLORIDA ~ ~ COUNTY OF St . L1~ 1Q ~ ~ ~ Kenneth R. Orew a~ Befwe me personally appeared F^ ~V61~/I1 j.. ~=eM~ his wife, to me well knewn and known to me to be the individuals described in and who exe~uted t~ie fo:egoing instrument, and acknowfedged befwe me that they executed the same for tF~e purposes ~ ~Ve1y/i1 L. ~@M ' ~herein expressed. And the said w~fe of the said ~~eth R. ~IQW , upon a separate aod private exam~nat~on by me taken separate and apart from her sa~d husband, acknowfedged to and before me that she executed said i~strument ireely and voiun- = rar~ly a~d w~thout any compu~sion, constraint, apprehens~on, o1r ~fe,ar of or fram her said husband. _ WITNfSS my hand and official seal this__ ~ a~^'" - day of Ap=11 A p 19 74 - - ,~G~ , Notary Pub1~c in a~d for the t te of Florida at large My Comm~ssion expires: ~d . jo 6 - Ret~m To: first Federal Savings b loa~ Association - 7 ~f ~Ort P trce. •7I`... -i Fo., P]erce. F:orida fllE~ AM4 RENtY fl~- :.i.~~''• . gt. ~1SC1't~ ?OtiTiU?S ~t ~ , ~ s_'••. , ~ ; {IOGE Q~~It COU ; ~ n~ \ . , This Instrument Prepared By John W. COllins p~~~R~YER`"ED = _ J _ ~ First Federal Savings 8 Loan Association p 5` ~ _ ^ . , ~ ~ ~ ~ _ - of Fort Pierce ~ Florida 2~ 7 ' ~ ; Checked By ~~~~Q~ ~ . ; - • 2~? fi ~E 1~4~9 BOOit _ ~ i:~