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Home My WebLink About2877 3. To place •nd coNinvously keep on the b~i!d~r.qs now or hereafter ~~~uate on sa~d land and on aG equipmern and penonally covered by ~hi~ mortg- age, w~th all prem~ums thcreon pa!d •.n f~il, fhe insv~an;e m the ~sual s~.~nsiard po!rcy (orm, m a sum app~ovrd b~ the MUR~GAGEi, and w~nJi~orm inwrance in ~he usual a~andard poGCy fam, in a sum approved by the MORTGAGEE, in such canpa~y or co~npames as the AtORiGAGEE may dirccl; and aU fire and w~nd~torm inwronce po~ides on any of sald bu~ld~ngs, any i~re~es~ tiurem or par~ thrreof, i~ ihe aggr.:gure ~~m •foresaid o~ in excess thereof, shall cor+~ain the usual seandard mwtgage~ ciau~e or such o~he~ clause as Ihe Mortgagee may req~.ro, making the ~oss under s~~d po~i- c~es, each and every, payable to sa~d \~ORTGAGEE as its intereit may appear, and each and every such pqiicy shatl be p~ompuY ass g~ed a~~d de:~~rr~•d ~o any held by sa~d MORTGAGEE as further secu~ity to sa~d morrgaqe debt, and, not tesa than ten (10) days in advarxe of the exp~rat~on oi each pol~cy, to de- I~ve? to taid MORiGAGEE a renewal thereof, loge~her with a reca~pt (o+ the prorn~um of such renewal; and tnere shall be no f~re or winda~or~n ins~rance placed on ~ny of seid buildings, any interest therein or part thereoi, unle;s in the torm and wi~h the loss payable as aforesaid; and in- the e+ent any sum „ . of money bccomes payabte undcr such poliq w poGcies said MORTGAGEE ihall have ~he op~~on to ~eceive and apply the same w+ accoun? of ~he indcbt~d- r.ess setured hereby or to ptrmil said ~AORiGAGORS to retcive and use•il p any parl thercof for o:hcr pw{ osrs. ~•.~'iio~t th or .~~~.~~~3 or p.,~n ~ng any equity, I~en or righ~ under w by virtue oi this mortgage; and in Ihe event sa.d MORTGAGORS sha!I (or any reason fail to keep ~he sa~d prem~sas so ]nsured, or fail to detiver pranptly any of said pol~cies of inswance to said MORTGAGEE, er fad promptly to pay fu~ly any pce~~~~um therefor o~ in a~y resprd fail to per(orm, discharge, execute, effect, ca~nplete, canply with and abide by this cove~ant, a any pe~t herrof, said MURTGAGEE may piace a~~d pay iw such insura~ce or any part lhrreoi without waiving or affe<ting any option, lirn, equ~ty, or right unde~ or 6y vir~ue of this ASo.~gagr, and thc f~il a~nounf of each and every such payment shall be immediately due and payable arx! shall bear interest from the dare thereof uneil paid at the rate of n:ne per centum pet a~nu~n and to~ethe~ with such inreres! shall be sec~red by Ihe lien of this matgage. 4. To permit, commit or auffer no waate, impairmero a dete?ioration o1 said property ot any pa~t thereof. 5. To pay all and singutar the costs, charges ~nd eapenses, including a reawnable attorney's fee and coats of abstrads of title, i~cur~ed or pa~d a~ any ~ime by said MORTGAGEE, because w in the event of the iailu.e on the part of the said MORTGAGOR to duly, promptiy and fully perform, d~xharge >xecute, e~fett, complete, comply w~th and ab:de by each and eve~y the stipulat~ons, a9rerments, condit~ona, and covenants of sa~d prom~nsory note and ihis rortgaqe any o~ ei~her, and sa:d costs, charges and expe~ses, each and evHy, shall be immed~ately due and payablr; whe~her or not there be norice de mand, attempt to collect or suit pend~ng; and the full amouN of each and every such paymero shall bear interest from ~F~e date thereof untii paid at the ..~~e o! nine per crmum p~r amwm; and a~l aaid cos~s, charges and expenses incurred or paid, together wuh such in~erest, shall be sec~red by the Gen of th~s mottgage. 6. That (a) in the event of any breach of this Mortgage or default on ~he part of the MORTGAGOR, or (b) in the event any of sa:d aums of money herein referred to be not promptly and fully paid wiihin th~rty t30) days ~ext after the same severalty become dve snd payable, withou~ demand o~ ~otice, or tc) in the event each and every the stipulat~ons, agreements, conditions and covenants of sa:d promisso~y ~ote a~~d th~s mortgage any or either are not iuly, promptly and fully performed, d~scharged, executrd, effectcd, co~npteted, compiied wi~h and abided 9y, then in e~ther w any wch eveM the sa~d ag ~~egate wm mentioned :n said promisswy note then remaining unpaid, with interest accrued, and alt moneys secured hereby, shall become d~e and pay- a~:e forthw~th, w thereafter, at ~he option of said MORiGAGEE, as fully and comptetely as if all of the said s~ms of ineney were or~ginally shpula~ed ro be pa~d on such day, anything in sa:d p~om~sswy note or in this Matgage to the contrary notwifhstanding; and thereupon or thereafter at the opt~on of sa~d MORTGAGEE, wirhout nos~ce or demand, suil at law or in equity, therelore o~ therealter begun, may be prosecuted as if all moneys secured hereby h~d matured pnw to its ins~itution. 7, That in the event that at the begi~ning of or at any time pending any suit upon thie Mortgage, or to iweclose it, or to reform it, or to enforce payn:ent of any claims hereunder, said MORTGAGEE shal! apply to the Court having jurisdiction thereoi ior the appointment of a Receiver, such Court shall fcrthwith appoint a rece~ver oF said mortgaged property all and singular, includ~ng all and singutar the incolne, ~p~of~ts, issues and revenues from whate~er scurce derived, each end every of which, it being expreu~y undersrood, is F.ereby mortgaged as if specit~cally set forth and descr~bed in the g.an~i~g a~d hjbendum clavses hereof, and such Receiver shalf have all the broad and ef(ect~ve funct~ons and powers in anywise entrusted by a Cou~t to a Receive~, and s, ch appo~nrment shal! be made by wch Court as an admitted equity and a matrer of absolu~e r~gM to sald MORiGAGEE, and w~:hcut reference to the adequacy or inadeq~aty of the value of the properry mo~tgaged or to the so~tiency o~ inso:.ency of said MORtGAGOR or the de.'zndants, and that such r~nt3, profits, income, issues and revenues shall be applied by svch Receiver accord~ng to the lien or equity of sa~d MORTGAGEE ar.d the practice of such COUf1. 8. To duly, promptly and fuI!y perform, d~s~harge, execute, effect, complete, comply wi~h and abide by each and every the stipulations, agree~nents, cor,ditions and covenanrs in said promissay note and this mortgage set forth. 9. That in the eve~t the ownership of the mortgaged premises, or any part thereof, becomes vested in a perwn other than the MORTGAGOR, the ;'.ORTGAGEE, itr successcrs and ass~gns, may, without notice to the MORTGAOR, deal with such succeuor w successor ~n inte~est wi~h refrre~ce to th~s n~or~gage and the debl hereby sewred in the same manner as with ~doregagor withovt in any way vitiating or discharging tF~e Mortgagors' liability here- w~drr w upon the debt hereby secured. No saie of the premises hereby mortgaged and no forbea~ance on the part of the MORTGAGEE or its successors or assigns and no extension of the ~~me for the payment of the debt hereby secured given by the MORTGAGEE or its successors or au~gns, ahalt operate ro release, d~scharge, modify change or affect the orig~nal liab~lity of the MORTGAGOR herein, either in whole w in part. 10. It is speuf~cally a9reed that time is of the essence of this contract and that no waiver of any obtigatron hereunder w of the ob!igation se- cured hereby sha11 at any time thereafter be held to be a waiver of the terms F~ereof or of the instrument secured herby. I l. !n add.tio? to the forego ng montMy payments of princ'paf and interest required by ihe promiswry no!e setured hereby, mortgagor covenanls a~d agr~es to ~ay to mo-tgagee vuith each month~y payr.:ent an add~rional sum est~mated by mortgagee to be eq~~l to 1;' 12 of the annual cost of the follow- k n _3: ~ A-AU rea! property taxes levied or asses:ed agai~st thc above desaibed rral es!ate. B-Prem~ums on fire ar.d windstorm fnwracce as here~n reqv:red to be carried on the improveme~ts sit~ate on t6e above d_scr~bed premises. ~ C-Premiums en such mortgage guaranty ir.su~ar,ce as mortgagee shail freT t me fo tirne deem fit to carry on the loan secured hereby. i Mortgagee sha~l from time to time norrfy mortgagor in w~iting of the amovnt due and payable hereundrr and svch sum shall thereupon be due and ` ; a;able on th~ d~e date of ttie next month:y payme~it and each successive month thereafr:r untii mw.tgagee shall not~fy mortgagor of a change in such ount. $uch sums sHa'.1 be applied by mortgag^e toward the payment of real property ta~ces, insurance prem.ums, a~~d mcrigage guaranty insurence : •emiums. ~ ; IN YlITNE55 WHEREOF, the said MO TGAGOR has hereunto set his hand and seal the day and year 4irst aforesai . . ~ G~$' ned, Sealed and de~iv i~ e esence of: ~/LL ~l C L~ ~ v i ~ 4.. ~ _ Virgi a o~i or, a sing e auu~~t ~ (S~aq (Seal) ] _ ~ (Seal) € ~ SiATE OF FLORIDA 1 ~CUNTY OF St . Lucie ~ ~ ~ Before me personally appeared ~/llQlflla ~1011tOr..~ a sinc~le aCjlllt and ~ _ to me wpll known and known to me to be ~ rhe individ~a! described in and who executed the foregoing instrumeM, and acknowiedged befoce me thatfhe executed the same ior the purposes ~ therein expressed. )fAfil[S~Of'~~~Y~e~[YY~c][xxx~cx~o[x~ex~CXXXXXXX~OCXXXXXXXXXXXXXXXXXXIOC]OCXXXXXXXXXXXXXXX ~~~XXXXXXXXXXX700C)OUCXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX~~~~~C~~ 74`X~R7@~4i~[~IDOC~7[~CI~~C~C ~Qclif)61~Li1C 7~KdC~1QGK ~ ld~C70dXyd1b9llUQ70~7GiQkOQ1C ]6ECat __J WITNESS my hand and official seal thiL _ day of '~`P'~ , A_ D. 19 74 . s Notary Public in and ior the t te of fbrida at Large My Comm;ssion expires: ~ O~.' O• 1` ~ Return To: ` fint Federal Savings 8 Loan Association ~ -i _3 Of Fort P erce. „~i:.:,~: ~ ~l=~t Fort Pierce, Florida ' i~~ 111:: ~p ~?~1~~~~ ~ • •~.~~~y'~~ - sT.L11G1E C + • ' V_ llBCEF ~ , ~-18 n. ~,js " Z^ti1~ COURt ~ . _ d ~ This Instrument Prepared By Ga ry F. E l lwood ~?ERF• C~' ~ ~ ~R•~: ;i First Federal Savings & Loan Association RfCON~ ~rF~F~'4 ~ ' r .!'aj~~~~ _ ; ' , of Fort Pierce. ~lorida ~ 'O OZ yl~N . ~ . t : ~ ~ ~=l Checked By , l 2~37 ~54 ~ ~ - - L~~ v.l~l~l~~ ~ -'/,'~~t11131111t\l'•~~`\ ~ ~ ~~-~~815 s~ ~ . , - Sn ~ - - - - - - - - ~ _ - ~ . . _