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Home My WebLink About0422 9. To place and con~inuousiy kecp w+ the bu~!d~n9~ now w herea(te~ ~ituste on sa~d i~~d and on ~II equipment and pe~~one~~Y coversd by Ihis matg~ ags, with all premiumt /hercon pa~d in ful~, fire insu~ante in the usu~l ~taidard polity fo~m, in a ium ~pproved by 1he MORiGAGEE, and w~ndslwm insurance in tha ui~al ttandard po:~cy fam, in • sum approved by ~ha MORTGAGEE, ir such company a cw++paniei +ti ~ha MORTGAGEE may d~reu; and alt fire and wiods~o~m ins~rence pol~c~es on any of said build~nfls. +ny ln~erost therein w pa?t thereol, in ~he +ggrcyate wm afae~aid or In exces~ ~hereof, shall contain ~he ui~al standard mortgaQee clause w iucA o~he~ c~aus~ ~i the Matyage~ may ~equirs, making ~he loss undar ~a~d poli~ cies, each and every, payable to said M~RIGAGEE as its imerest may appea~, and each and avery such policy snall be pramptly +ss gned and detive~rd ~o , , sny held by i~~d MORTGAGEE s~ furthr~ security to said mwtgage deb~, and, not leu than ten (10) days in advante of the expir~tion ol each pol~cy. ~o de- Irver fo said MC~R[GAGEE a renewal thereof, toge~Mr with a rece~pt fa the p?emium of such renewal; and thers shall be ~0 1~re or wind~torm insurance ~ plated on a~y of said bui~dirgs, any intcrest thaein or pa~t thereof, vnless in the fwm ~nd with the loss payabl~ as ~foreisid; and in the eve~t any tum e o} mon~y becomes payab~e unck~ such polic~r or policios sai~ MORTGAGEE shall have tM opt~on to ~eceivs and apply the seme on accaunt o~ the indebted- 2 nas eecured hereby o? ro permit sa~d MORTGAGOR$ to rKeive and we it a any part ihereof ior otner purposes, wiiho~t th~reoi wa~~~~~9 0~ u+~pair ing any equ~ry, lien or right under a by virtue of thii mo:sgage; and in ~ha event ~aid AAORTGAGORS thall (w any reason fail fo keep the iaid p~emisrs sa insured, o? fail to de~~~er promptly ~~y of said polities of insuranca to said MORTGAGEf, or fail promptly to pay ~ui~y any p~e~»ium therefor o~ in any ~ respM fsil to perform, d~scharge, executs, eflKt, complete, comply wi~h and abide by thit cove~ant, a+ny part hereof, aaid MURTGAGEE may p~ate and _ ~ pay fa :uth Irourance or any pa~t ?hereof without waiving w affecting any optio~. lien, eq~ity. or right under w by virtue of this Mortgage. and the . fufl ~mount of each and every such payment ahall be immedi+telY due and payabls and shall bear interesl from IM date thereoi until paid at the ~ate ol nine per centum psr ~nnum and together with such interest shall be secured by the lien of this matg~9e• 1. To permit, commit a suf(er no waste, imp~irment w deterioration of said p~ope~ty a any psrt lhereof. 5. To pay all and singular the costs, chargei ~nd expenses, including a reasor.able atforney's fee a~d costs of abstrads of title, incurred w pa~d at any time by sa7d MORiGAG:E, because w in the event of the failure on the part of the said MORTGAGOR to dvly, p~omptly and ful~y perform, dixharge. execute, etfect, complete, canply w~th and ab;de by each and every the stipulations, agreenxnts, conditions. and covena^ts o1 said p~omissory note and thia mortgage any or either, snd w~d costs, charges and expenses, each and every, shatl bs immediately due and payabte; whether a not ~Fxre be noiice da mand, attcmpt fo co~lect o~ svit prndiny; and the ~ull amovnt of each snd every such paymem shall bes? interes~ from ~he date thereof until p~id at the rate of nine pe~ centum per an~~um; and all said costs, charges and expenses incurred or paid, ~oge~her w~th iuch interest, shall be secu~ed by the iien of this mortgagA. ' 6. Thst (a) in tha event of any breach of this Mortgage or default a+ the part of the MORTGAGOR, w(b) in the evcnt any of said iums of money herein referred to be not {xomptly and fulty paid within thirly (30) days next afte~ the same severally become dve and paYable, withoul demand w tw~ice, or (c) in the event each and eve?y the stipulation:, egreements, conditions and covenants o4 sa~d promiuory note and th~s rr.ortgage sny a a~h~r ere not ~uty, promptly and fuliy perfumed, d~xharged, executed, eifected, completed, complied with and abided 'sy, then i~ e~ther w any such event the said ag- gregate s~m mem'aned in said promissory note then remaining unpaid, with interest accrued, and all moneYS secured hereby, sha11 becwne due and pay- ab;e fwthwith, w the~eafter, at the opt~on of sa~d MORTGAGEE, as fully and completely as if all of the said sums oi money were wg~~+ally at~pulated i to be paid on :uch day, anylhing in sa:d promissory ~ote or in this Mortgage to the cont:ary notwithstanding; and thereupon w thercafter a1 the option of { sa~d MORTGAGEE, without notice w demand, wit at law or in equity, therefore or thereatte~ begun, may be prosecuted as if all moneys secured hereby nad maturtd pnw to ~ts institution. 7. That in the event that at the beginning of a at any time pending any suit upon this Mo+tgag~ or to foreclose it, w to ~eform it, or to enforce paynxnt of a~y claims he~eunder, said MORTGACaEE shall apply to the Cour1 having jurisdiction thereof for the appointment of a Receiver, such Court shall forthwith appo~nt a receiver of said mwtgaged property all and si~gular, includ~ng all and siregular the ~'ruome, pro(~ts, iuues-aod ~evenues from whatever so~rce derived, each and every of' which, it being expressly undersiood, 3a hereby mortgaged as if spec~iically xt forth and described in ?he granting a~d habendum ctauses hereof, and such Receiver shall have all the broad and effeceive funct~ons and powe~s in anywise entrusted by a Court to a Reteiver, and scch appointment shall be made by such Court as an admitted equity and a matter of absolute right to said MORTGAGEE, and without reference to the adeqvacy or inadeq~acy of the value of the property mwtgaged or ta the sotvency or insolvency of said MORTGAGOR o~ tfie de~endants, and that such renro, profin, income, iss~es and revenuea shall be applied by such Receiver according to the lien w equity oi u;d MORTGAGEE and the practice of such Court. 8. To duly, promptly and fulty perform, dixharge, execute, effect, cw?~p~ete, comply wifh and abide by eacF? and every the stipulations, agreeme~ts, :onditans and covenants in sa~d promissory note arid this mortgage xt forth. - 9. That in the event the ownership of the mortgaged premises, a any part thereof, becomes vested in a ptrson other than the MORTGAGOR, the MORTGAGEE, its successors and ass~g~s, may, without notice to the MORTGAOR, deal with suci~ successor or successo? in interest with relerence to this n,ortgage and tix debt hereby secured in the ssme manner as with Mo~tgago~ without in any way vitiating w dexharging the Mortgagors' liabilily hcrr ~~nder w upon the debt hereby secured. No sale of the premisrs hereby mo~tgaged arxl ~o forbearance on the parl of the /dORiGAGEE a its successors or assigns and no exte~s~on of the time for the payment of the deb~ hereby secu~ed given by the MORTGAGEE or its successws or ass~gna, ahall operate ro retease, discharge, rt+odify change or affect the org~nal liabifity of the MORTGAGOR here'+n, either in whole w in par~• 10. It is speuficatly agreed that time is oF the essence of ~his contract and that no waiver of any obligation hereunder or of ths oblgation se- cured hereby shall at any time thereaFfer be held to be a waiver of the terms hereoi or of Ihe instrument sr'ured he~by. : 11. In ad8~tio~ to the forego'ng monthly payments of princ pai and interest required by ihe pro+n~uory note secured hereby, mortgagar covenants i and agrees to pay to mo:tgagee v~ith each monthly payrnent an add~rional sum estimated by mortgagee to be equal to 1% 12 of the annual cost o4 the foltow- ing: A-All real property laxrs levied or assessed agai+ut the above described real estate. - B-Prem~u~ns on fire and windstorm insurance a: herein requ~red to be carried on the improvemerts situate on the above described premises. C-Premiums on such mortgage guaranty insurance as mortgagee shall from time to time deem fit to w?ry on the loan secured he~eby. Mwtgagee shatl (rom time to time notify mortgagor in writing of the amount due and payable hereunder and such sum shall thereupon be due and Fayable on the due date of tke next monthly payment and each successive month thereafter urtil mort9agee shall notify mo~tgagor of a change in such a~.;ount. Such sums shall be appl~ed by mortgagee toward the payment of real property taxes, ins~rance p~em:ums, a~xl mortgage guaranty insurartce ~ premiums. ' ~ IN WITNESS JVHEREOF, the said MORTGAGOR has hereunto ut his hand and seal the day and yf5~ first afor ~ ~ Siyned, Sealed and delivered in the presence of: % ~ ~ f an ~ . ~al~ ~ . . . 1 {Sesq ~ $eal) t STATE OF FLORIDA ~ ~ ccuNn oF St . Lucie Before me penonally a peared Donald L. ~C~C and J~enell M. ~CiC his wife, to me well know~ snd krawn to me to be rhe individuals described in and who executed the fwegoing instrumtnt, and atknowledged befwe me that they e:etuted tix same foI the purposes rherein expre:sed. And the said Jenell M. ~C~C w~fe of the said ~~ld = upon a tpMrMlei~~p?iv~t~ e~aminat~on by me taken separate and apart from her said husband, ackrawtedged ro and befwe me that sha exetuted sa~d instrwwqt+t.fr~ly-~ /~IW~- ~ ~ ` ~ i. ranly and withovt any compulsan, toreshaint, apprehension,~..fear of ot from her said husband. J ' t.. ~ - ~~1~~~ 8 ~ - ~j , ~ ~ A D. 19~t ~ - WITNESS my hand and official seal this ~ day of _ ' . ! D AM~ tiEC ROLD - - ~ ~ ' ~;y _ .~I.~.uC~E ~'~VN~~ f Notary Public in and i the S `'Of Aori~af Lirye ~ Roc~~ Po?,itAS RT ~ . : - . M _ ; ~ ; CVIT COU My Comm~ssioa expires: ~ CLEFx C; ~ a : ~ ; r ~ Retum To: ~C F~E~ ~ ~ aECOR~ e' . ~ First Federal Savings d~ Loan Association i ' ~ ~ Of Fort P erce. ~ 6 f~.":T.+~Y PU: LlC. STATE of fIAR{~lA? L4 R~ G~E~..rs-K• ~ ~ ~ !.;Y l'J~f ~1~.."~~I E X P I R E S 1 l k t r~~ 4.,~; ~ Y 1~ - Fort Pierce, fkorida r~_ A tj ~ ~ h~~ i~ ~e~~:~ kTr a::1~,~~~R Fi3:,k2rs liu~l:= i~ ~ This Instrument Prepared By RiChard K. K8?ye3 -1 First Federal Savings & loan Association I of Fort Pierce ~ RlOridd Checked By ~ E'~i ~,~.0 PAGE ~ . _ ~ z ` _ ~ a ` --1.`~ ~ ~ ~ - . r . ~ - ~x,.'<: _ _ _ ~ F , Y_