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Home My WebLink About1432 3. To p~ace and con~inuously keep on ihe bu~:d~ngs non w he~eai~er ~itvate o~ sa~d land and on all equ~p~*~em a~.d persona~~y coverrd by th~s mortg- ege, w~ih all p~emi~ms thr~eon pa~d in tull, Gia inwrance +n ihe usual s~a~~dard po~~cy iorm, in a~um a~pro+cJ b~ the MOR:G:.GfE, ar•d w~ndsto~~n 7nsu~aoce in the uwal •tandard poLcy fonn, in a sum approred by the MORTGAGEE, in such tompany or to~~~~~an~es as the MORiGAGEE may direct; and aU (ire and w~nd~torm insurance pol~Ges on any of aa~d kwi~dngs, any interast ~herein or part ~hereof, in the aggro9ate •um afoiesald or in ~xceu Ihereof, shalt :ontain the uwal s~andard mottgagee dause w such othcr dause as Ihe Moriyagee may req~,re, ma?ing the wss unde~ se~d po~i- ues, each and every, pay~ble to said A10RTGAGEE as ~ts in~erait may appear, and each and eve~y such po!:cy st~all be promNtly ass gned and dr:iver.-d to eny held by said MORIGAGEE as iurther security to sa~d n,ortgage dabt, and, not less than ten (101 days in advance of the eapirat~on of each pol~cy, to de- ~ Gver fo seid MORTGAGEE a ~enewal thereof, togeiher with a rece~pt for the prem~um o) auch renexal; and ~here shall be ~a f~~e or wu~dswrm inwrance ' placed on a~y of sa~d buildings, any interest therem w part the~eof, unless in the form and with ihe ~oes payable as aforesaid; and in the e+en1 any sum o( money becanes payable undrr such policy o~ pol~cies said MORiGAGEE shatl have the oFhon to reca~ve and apply the sa~ne on accow~~ o( the indobt~d- ness secured hereby w to permit said tAORTGAGORS to reca~ve and use it w any parl thereof for o;i~rr ~:urf.cses, v.~«~o~t th a~ .v..~.~ o~ ~n p..~~- ing any equity, lien a ~~ght under o~ by vir~ua oi this mo~ryage; and in ~he event sa~d MORTGAGORS shall for any reason fa~l to keep tl~e sa~d p~e~nia~s so ~nsu~ed, or fail ro deliver rom tl an of said lic:es of insurance to sa~d MORIGAGEE, or faif promptly to pay fuily any pre~~~w:n ~he:~efo~ or in anY P P Y Y F~ respect fail ro perfwm, d~scharge, exec~te, efFect, comptete, cwnply wi~h and abide by this coveaant, a any p.,rt hrreof, sald MCiRIGAGEE may p~ace and pay fa such insura~ce or a~y part thereof withoul waiving or atfecting any option, lien, equity, or rigM under or by v'uwe of this Mo~tgage, and tfie • full amounl ot eath and every such payment shall be immediately due and payable and ahall bear interes~ f~om tho date thcreof until paid at the ~ate o1 nine per centum pe? annwn and to9rther wifh such interest shaii be secured by 1he lien of this mortgage. • 1. To per~nit, commit or su(fer no waste, impairment or deterioration of said property or any part ihereof. 5. To pay all and singular the costs, charges and e~epenses, including a reasonable altorney's fee and cosia of abstracts ef title, incurrzd or pa~d at any time by sa~d MORTGAGfE, because a in the event of the failure on ihe part of ~he said MORTGAGOR to duty, p~an~pt~y and fuily perform, d~xharge. e:~cute, effeU, complete, compty w~th and ab:de by each and every the stipulat~ons, agreen,ents, conditions, and covenants of sa~d promissory note and th~s mortgage any or e~ther, and sa~d costs, charges and ezpenses, each and every, shall be immediately due and payab:e; ~vherher or not there be norice de mand, attempt to col~ett or suit pend~ng; and tt~e fu!I amount of each and every such payment shall bear interest from the date thereof until paid a1 the rate of nine per centum per an:wm; and ali said costs, charges and expenses incurred or paid, together w~th such interest, shall be secured by the lien oi this # mortgage. ' 6. That (a) in the evenl of any brea:h of th~s Mortgage or default on the part of the MOR7GAGOR, o~ (b) in the evenl any of sa;d sums of mo~ey herein reierred to be not promptly and fully paid witi~in th~rty (3Q) days ~ext atter ~he same severally tecon~e due and payable, without demand or no~~ce, or (t) in the event each and every the stipu~af~ons, agreements, candrtions and tovenants of sa.d promissoiy ~ote and th~s mortgage any w enher are no1 iuly, promptly and fully performed, d~schargrd, execu~ed, effected, completed, compiied with and ab~ded 5y, ~hen in e;ther or any such event the sa~d ag gregate sum memioned in sa~d p~omisswy note then remaining unpaid, with interest accrued, and all moneys secured hereby, shall become due and pay no~e forthwith, or thereafte~, at the opt~on of sa~d MORTGAGEE, as fully and complete~y as ii aq of ~he safd sums of money were a~g~nalty st~pviated to be pa~d on such day, anything ia s3:d prom~ssory oote or in th~s Mortgage to the co~trary nofwiths~anding; and thereupon or thereafter at the opnon of said MORTGAGEE, without notice or demand, svit at law or in equity, thereTOre or thereafte~ begun, may be ptosecuted as iE all moneys secured hereby nad matured priot to As institution. 7. ihat in the event that at the beginn~ng of or at any time pending any suit upon this Mortgage, or to foreclose it, or to ?eform it, or to enforce payment of any claims hereunder, said MORTGAGEE sha~t apply to the Cour~ having ~ur.sd~alon thereof (or the appointment of a Receiver, wch Court shail Forthwith appoint a reteiver of said mo:tgaged property alt and singutar, inctud:ng all and singular the in:ome, p~of~ts, issues and revenues from whate~er seurce de!ived, each and every of wh~ch, it be~ng expressly understood, is Fereby morrgaged as if spec~(~cally set forth and drscribed in the granting and habendum clauses hereof, and such Receiver shalf have afl the broad and effective iuncr~ons and powers in anywise entrusted by a Court to a Receiver, and s_ch appointment sha? be made by such Court as an admitted equity and a matter of absolute right to said MORTGAGEE, and w~thovt reference to the adequacy w inadeq~aq of the vaiue of the property mortgaged or to the so:vency or inaotvency of said MORiGAGOR o~ the de.`endan:s, and !hat such ren~s, profits, inc~rne, issues and revenues shall be applied by such Receiver according to the lien or eq~ity of said M7RSGAGEE and tFe pract~ce of such Court. 8. To duly, promptly and ful~y per(orm, discharge, execute, effect, comptete, comply with and abide by each and every the stipulatio~s, agreements, conditions and covenants ~n sa~d promissory note and this mortgage set forth. 9. That in the event the ow.+ersh:p of the mortgaged premises, o~ any part thereof, .becomes vested in a person other lhan the MORTGAGOR, the :'.ORTGAGEE, its successors and assigos. may, wi~hout notice to the MORTGAOR, deal with such successor or svccessor in interest with reference to th~s mo~~gage and the debf hereby secured in the same manner as with Mortgagor w~th~ut in any way vit~ating or d~scharging the lAo~tgagori liability here- ~ under or upon ~he debt hereby secvred. No safe of the premises hereby mortgaged a~d no fo~bearance on the part of the IAOR7GAGEE o+ its successors or ass~gns and no earer+sion of the rime for the payme~t of the debt hereby secured given by the MORTGAGEE or its successors or au~gns, a~~all operate . to release, d~scharge, modify change or affect the origmal IianJity of the MORTGAGOR here~n, either in whole or in part. ± 10. It is spec~fically agreed that time is of the essence of th~s contract and that no waiver of any ob~igation hereunder w of the ob~igation se- cured hereby shafi at any time thereafter be held to be a waiver of the terms hereof w of the insuumeM secured herby. 11. In a3d~t~o~ to the forege:ng ~nonihly paymsMS of princ pal and inrerest reqvired by the prom~sso~y note sec~red hereby, mongagor covenants ~ a~,d agrees to pay ~o mortga~ee v.ith each mornhiy pay~.~em an add~rionat sum esumated 6y mortgagee to be eqval to 1, 12 of the an~ual cost of the follow- ng: j A-All reel ~opcrty taxes lev~e~ or ass~ssed ag,~i•,st the above descriycd real estate. i B-Prerr,:ums on fve and wir.dstc~m ~nwrar.ce as Fere~n req~;red to be carried on the ~mproveme~ts situate on the abovc described premises. i C-Premiums on such mortgage guarar.ty ir.w~ar.ce as mo*tgagee shaN frc~r. t~me to t~me deem fit to carry on the loan secured hereby_ a Mo~tgagee shail ficm t~me to t~me norif f morrgager fn writ:ng of the amou~t due and payab~e hereunder and such sum shail thereupon be due and ~ ;.3,able on the due dare of the ~ext month'.y paymenr and each successive moMh thereaiter ur,til mortgagee shall not~fy mortgzgor of a chartge in such ~ ~*-.ount. Such sums s~ail be app~ied by rt~agee tovrard the payment of real property taxes, i~surante prem~~ms, and mortgage guaranty insurance i ?•emiums. ` N ITNE RE the s' 7~50R GOR has hereunto set his har.d and seal the day and year f' st aforesa~d. ~ ed nd d' red i~ e p~ ce of: e ? Seat) ~ eth R. D N~ ~ (Seaq ~ ~ ~ (Sealy ~ EVe ly L. ew (seal) ~ ~ ~ 5?ATE OF FIORIDA t ~r $t. L11Cle j SS COUNTY OF ~ ~ Befwe me perso~ally appeared ~nneth R. ~@W and ~ Evel n L. Drew ~ y his wife, to me well known and known to me to be ~ sha individuals described in and who executed tF~e foregoi instrume~t, and acknowiedged before me that they ezecuted the same for the purposes ~ Eve~yn L. Drew therein expre:sed. And the said r,ife of the said ~nneth R. Drew a separate and private exam~nation by me taken separate and apart from her said husband, acknowledged to and before me that she executed sa~d irtstrument freely and votun- ;y rar~ly and w~thout any compu~sion, constraint, apprehens~on, or fear of or from her said husband. day of A I11 A. D. 19 74 - WITNESS my hand and officia! seal this-- = ~ - Notary P~blit in and the $tate of Flcr~d~'~~~La~ge.. - My tommission expires: , 3 0. Return To: . First Federal Savings 3 loan Associat~on - , ` ~ .-•i ~ Of Fort P,r.ce. ,-p Fort Pierce, Florida ~ ~ ~ "r;.~-'- . . ~ _ f ~EO ~++~gECO~oE ~ , - - = f~. ~uc« OUMTY Fl~i. ~ . - - : ROCE4 ~~~TRAS - ' ' ~ CIERK C~ZCUlt COURT ~ , • This Instrument Prepared By John W. Collin~EGQk~ YER~~~EO - First Federal Savings 8~ Loan Association , _ = of Fort Pierce, Florida Q S` ~~1~ r ~ Checked By ~Y= ~ w:, 2sQ~.o.~ B~O~N2iZV PACE~~ _ - 31 . ;s ~ _ - - - -