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Home My WebLink About0169 i To plsce and continuous~y kcep on the bvi'.dings now a herea(ta ~ituate on said land and on-~II cquipmeM and pe?so~ally covered by th~s maig- ' eg~, with •1) promiums Ihtreon pa~d in fu~l, fire insurance in the usual s~andard pol~cy Form, in • ium approvcd by the MOR~GAGEE, a~d windstwm • ~ ~nwranct in the uiwl standard pol~cy fam, in s sum approved by tM MORTGAGEE, in si?ch tompanY w co~^P+^'es +3 ~he MORTGAGEE may i direct; and all fir~ and windstorm insurancs po~icies on +~y of said buildingi, +ny interest therein o? part thereof, in the agg~ega~e sum aforesa~d or in txtess the~eof, shall co+~tain the usual etandard matgayee da~se w suchather claus~ as ths Mw1y+9es m~y requ~re, mskiry tha Ioss unde~ ~a~d poli- cies, e~ch and eve~y, payablt to said MORTGAGEE as its interest may appear, and e+ch and eve~y tuch po!icy shall be p~a*~p~~Y +ss g~ed and detivered ~o any heW 6y said MORiGAGEE as fur~her security to said mo~tgage debt, and, no1 leu tMn ten (10) dayi in advance of the expir~tion of each po~~cY. to dr IivN M said MORTGAGEE a renewal thereoi, together with a rece~p~ for the premium of such renewal; and there shall be no 1~rs o? winds~orm in~ursnce placed on any of said buildings, any interest the~ei~ w p+rt thereof, unleu in ths form and with the loss payable s~ aforessid; and in the evcM any t~m ot n,oney becpnes payable under such poliry w policies sald MORTGAGEE iha~l have ~he op~~a+ ~o receive and apply the same on +ttouN u~ ~he ~^debtr.i~ neu ucured he~eby or ro permit sa~d MORTGAGORS to receivo and use it w any part thereof for othe~ pu~poses, v.~~hcut th.rcu/ wa~~~~~~ o~ ~~~~P~~~- ;ng aoy equ;ty, I,en or right unde~ or by virtue of this mostgage; +nd in tM eve~t w~d MORTGAGORS shall fw any reason tail to kctip ~he said p?e*n~srs so _ insured, a fai) ro deliver promptly a~y of said .policies of insur~nte to faid MORTGAGEE, w fail prompt~y to pay fully any {xemium theretor or in anY respec~ fail b pe*form, discharge, execute, effect, camplets, comp~y wi~h and ~bide by this cove~snt, a any part hereoi, said MORTGAGEE may p~ace and paY for suth inwra~ce or any part thereof without wsiving or affecting any option. lien, equiry, at ~ght under a by virtue of this Mortga9e. and tht full amovnt of each and e.Yry such payment shall be immediately dw and payable and sha11 bsar imerest from ths daq thereof un~il paid a~ the rate ol n~ne per «ntum per annum and to~e~her with such interest shall be secu~ed by the lien of this mortgsge• 1. To petmit, commit or suffer no wute, impairment ot deterioratio~ of said properfy W eny patl thereof. 5. To pay all and singular the costs, charges and expenxs, including a reasoneble atto~ney i fee and costs of abstracts of title, incurred w pa~d at any Yur.e by said MORTGAGEE, because w in the event oi the failure on 1he part of the said MORTGAGOR to duly, promptly snd futly perform, d~xharge. ; execute, effect, complete, comply w~th and ab~de by each and every the stipulat~ons, sgreements, conditioni, and covenants of sa~d promissory ~ote and ihis mor~gage any o~ eithei. and u~d costa, chsrges and expenses, esch and every. shall be immed~ately due and payable: whether o? not the~e be notice do- mand, attempt to mllect w wit pending: a~d the. full amount of each ~nd every svch psymeM shall bea? interest irom the date thereof umi~ p+~d ~he rate oi nine per centum pet an~~um; and all said costs, charges and expenses incurred w paid, together w~th such intc+est, shall be secured by the iie~ of this mortgage. 6. Thst (a) in the event of a~y bresch of this Mortgage or default on the part of the MORTGAGOR, or (b) in 1he event ~~y of said sums of money herein referred to be not p~omptly and fully paid within thirly (30) days ~ext after the same severally become due and payable, withow dertwnd or no~ice, or in the event each and every the stipulations, agreements, conditions and covensnta of sA:d promiuory note and th~s rtw+tgage any w either are not iuSy, promptly and fully performed, d~uharged, executed, eifeded. completed, complied with and abided by, then in eilher w anY such event 1F?e ss~d ag gregate wm mentaned in said promisswy note then remaining unpaid, with interest accrued, and all moneys secured hcreby, shall becane due and pay- , ae,e torthwith, w thereafter, at the opt~on of said MORTGAGEE, as fully and complNe~y as if atl of the said sums of money were o~g~nally st~pulated to be pa~d on such day, anything in sa:d promiuo~y note or in this Mortgage to the contrary notwiths~anding; and thereupon Or thereaf4er at the option ot sa~d MORTGAGEE, without ~ot~ce or demand, suit at law or in equity, there(we or tFKreafter begun, may be proxtuted sf if sll moneys secured hereby nad matured pnot to its insritution. 7. That i~ the event that at the beginning of or at any time penJing any suit opon this Mortgsge, o~ to fweclose it, w to reform it, or to enforce payment of any claims hereunder, said MORTGAGEE shalt apply to the Cou?t having jurisdiction thereof for the appo+ntment of • Receivet, suth Court :hall ' ForThwiih appo~nt a receiver of said mortgaged property all and singular, includ~r~g all and s~ngutar the income, prolits, issves and reve~ues from whatever ~ sovrce derived, each a~d every af whrch, it being expressly understood, is hereby mortgaged as if specifically set fpth and desuibed in the granting and habendum clauses F+ereof, and such Receiver shatl have atl ~he broad and eifective funa~ons and power~ in anywise entrusted by a Cour~ to a Receiver, and s~ch sppointment ahall be made by such Court as an admitted equity and a mattet of absolute right to said MORTGAGEE, and without reference to the adequscy w inadequacy of the valve of the p~operty mortgaged or to rhe solvency or insolvency o~ u~d MORTGAGOR w the defendants, and fhaf such re~~s, profin, income, iuues and reve~ues shalt be applied by such Receiver acco~dmg to the lien w equity of said MORTGAGEE and the practice of such CouA. • 8. To duly, promptly and fully perfo~m, discharge, execute, effect, complete, comply wilh and abide by each and every the stipulations, agree~nents, . conditions and covenants in sa~d promisswy note and this mortgage set fonh. 9. That in the event the ow~ership of the mortgaged premises, w any pa~t thereof, becomes vested in s person ot}xr than the MORTGAGOR, the r~',ORTGAGEE, ita successors and auigns, may, without notice to the MORTGAOR, deal with su~h successc~ a successor in interest with reierence to this rc.crtgage and the debt hereby secured in the same manner as with Mortgagor wilF+out in any way vitiating or diuharging the Mortgagors' liability herr under w upon tke debt hereby secured. No sale of the premises hereby mortgaged and no forbearance on Ihe part oF the /AORTGAGfE w its successws or a:signs and no exrension of fhe time fw the paymeM of the debt hereby secured given by the MORTGAGEE or its successors or auegru, ahall operate to reiease, d:scharge, modify change or affect the orig~nal liability of the MORTGAGOR herein, either in whole w in part. , i0. It is spec~fically agreed that time is of the esxnce of thia contrad and that no waiver ef any obligation hereunder a of the obiigatwn se- cured hereby shall at any time thereafter be held to be a waiver of the terms hereof o~ of the instrument secured herby. I1. tn a~d~tio~ to the fwego:ng month!y payments of print'pal and interest required by the prom~swry nore secured hereby; mottgagor covenants ar.d agrees to pay to mortgagee v.ith each monthly payrnent an add~~io~al sum est~mated by mortgagee to be equat to 1~ 12 of the annual cost of the follow- ~ng: A-AN real property taxes levird o~ assessed against the above descr~bed real estate. 8-Frerr.it~ms on fire and windstorm i~eurar.ce as herein req~~red to be carried on the imp~oveme~ts situate on the above desuibed premises. ~ C-Premiums on such rr:ortgage guaranty insurance as mortgagee shal! from t~me to time deem fit to carry on the loan secured hereby_ ~ Mwtgagee shail from time to time notify morfgagor i~ writing of the ar.wunt due and payable heseunder and such wm shall thereupon bs dve and ~ , ayable on rF~e due date of the next monthly payment and each successive month thereafter urtit mortgagee shall notify mortgagw of a change in such ~ >_moum. Such wms sF.all be applied by mortgayee toward tha. paymeM of real property faxes, insurence prem.ums, - and mortgage guaranty insurance c~emiumt. - IN WITD~ESS 'NHEREOF, the said MORTGAGOR has hereunto set his hand and seat 1he day and year first aforesaid. ~ Signed, Sealed and delivered in the preaence of:, ~ fil£~ Rl133 ?:fC01t0E~ a iP q ST.LOCIE yaUMTY fLA. \ (Seaq RO~E.t .~p~i~AS Cl.EkiS GUI i COIIR? t5ea1) ~ „ pe~na^ Y~~ :`tr~ r5ea4 STAiE OF FLORIDA / M~~ 3~ ~tTt~2 ~ St . Lucie ~ ~s~ ~ : ou~n oF Befwe me personally appeared Gene Griff~jy s1 S111Q1e 8d~t +~+d ~o me well known snd known to me 1o be the individw! destribed in and who exetuted the foregoing instrument, and acknowledged befwe me fMst he executed the same for iFx purposes therein expresxd_ ~4 WITNESS my hand and official seal thi day of A. D:~1?,~~~- ; °4 t r~ ~i~.;~~~'~; ~ Notary Public in a for State of Florida aklir My Commisiwn expires: , _ ~ 'v`i, ~~:r _ ~ ~ Return To: - - J y ~ ~ ' . : ~ First Fedetal Savings 3 toan Association ~ f ~ ~ C ~ ~z E of FLOP.I OA at~tAR~F~ • ~ ~ q • ~ • ~ ~ Of fort P~erce. pi~.._!C. • ' MOTARY ~ . } AN. ~ ~ ? ~ .,.r~r~J ~ - Fwt Pierte. Fforida - CQ~:i'iJ~.•~ ' .:~[iS ~fiiU~ ~ "ti'• ~ - tTon~ed ny f+:a~:,c~,? ca - ,3 µ:;`p = . ~~1 ~ o'., p 3 _ ~ ti.'1 b ''-.,:.:::•••'~c~• : This Instrument Prepared By Richard K. Ka?yes '%;,,~br~ ST~"( ; First Federal Savings 8~ Loan Association i ~ of Fort Pierce ~ FlOrida? Checked By ~Q ~ (i (~7 P~~ ~ , - - _ . - - - - ~ - t~~, - x ~ b ~w ~.:-~re--.,~,. ~ ~ . _ . ~