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Home My WebLink About1532 To place and conYnuously kccp a~ the bu~:d~ng~ now a he~ealtet ~ituate on t~id I~nd and o~ all equipmem and penonally tovered by lhit matq~ ~g~, with sll premiumt Ihcreon pa~d in full, }ire inaurance in Ihe ufual sundard po~~cy lorm, in a tum approved by Ihe MORiGAGEE, and w~~dsto~m insurante in the usual f~andard po~~ty fwm, in a~um appro.ed by the MORTGAGEE, in such tompany or companles as the MORiGAGEE ms~ direct; and all fira snd w~nditorm insuronce po~ic~es on anY of ~aid build~~pi, +ny interest therein or part ~hereof, in the ~gg~ega~e •um ~loresaid w in ~xceu thereof, ;h~l! contain the uewl s~endard mw~~egee da~se w such othe~ tiaus~ as 1h~ Mo~~gagee may requ~ro, msAiny the Ioi~ unde~ fa~d poli~ cies, eath and eve~y. WYab!e to ~aid MORIGAGEE as ~ts interest may appear, and cach a~d eve~y such poiicy ~hatl be promptly •ssgned a~d de!~~~to da ~ eny held by ss~d MORiGAGEE as furthe~ security to sa~d ~tatgage deb1, and, not less tM~ ~en (10) deys in advance of the expi~~tio~ of each po~~cy, i liv~~ ro ieid MORTGAGEE a renewal thereoF, logether with a rece~pt fw the premiwn o( such renewal; and there ihall be no f~re or wiods~or~n in~u~ance placed on +ny of se'~d buildings, any interest therei~ or part thereof, unless in the form and with the los~ payable ~s aforesaid; and in the event a~y sum of money becw~xs payabfe under wch policy w po~~cies said MORfGAGEE ihall have the op~~o~ to receive and appty ~ha same on accou~l of the indab~ed- neu aecured hereby a 1o permit taid MORTGAGORS to reteive and use it or any pa~1 thrrcof iw othcr pu~poses, v.~~hout thrr. u~ wa~+~~~g ~r unp~~r- . ing any equ~ty, lie.~ a~~ght unde~ u by virwe of this mo:!flage; and in the event sa~d MORiGAGORS ~hall fo~ sny reason fail to keep the sa~d Wemises so insur~d, w fail 1o deliver promptly +oy of said po~~cies of insurance to seid MORTGAGEE, w fail promptly to pay fully any prez,~,:,m therefw w in any respect fail ~o pafwm, d~scharge, execute, efFect, completa, comply witF~ and abids by this covensnl, w sny part hereof, sa~d MGRTGAGEE may p~ace a~+d , pay fw such i~surance o? any part thereof without waiving a afFecting any option. I~e~, equitY. w right under ot by virtue oF Ihis Mor~gage, a~d thc tull amoum oi each a~d every ssxh payment shall be immrdiately dw and payable and shall bear interest from the date thereo( until paid at ~he ~ate of n;ne pet centum pN annum and to~ether with such inte~est shati tx srcu~ed by t!?e lien of this matgage. I, To permit, commit or suf(er no waste, impairment w dete~ioration of said property w any part the~eof. 5. To pay atl and singular. the costs, charges and expenses, ~ncludi~g s reasonable attorney i fee and coa~s of abst?acts of title, irxurred or pacd a~ eny time by said MORTGAGfE, because or in the cvrnt of the fa~lure on the part of the ssid MORTGAGOR to d~ty, promptly and fully perform, d~scharge. execute, effM, comple?e, comply w~th aod ab:de by each and every the stipulatioos, agreements, ca+d'c~ions, and mve~ants o( iaid prom~:so?y note and ~hi~ mwtpage any or eithe?, arv! sa~d costs, charges and expenses. euh and every, shall be immediately due and paysble; whether w no~ ehere be no~ice dc ~ mand, attcmpt to colkd or suit pcnd~ng; and the tull amount ot each and eve?y svch payme~t shall bear in~erest trom the date tF+ereof u~ril paid at the . .are of nine per centum per an~~u:n; and aU said coan, charges and exprnses incurred w paid, together w~th such iMeresl, shall be secured by the lien of thi~ ~ mort~age. " . 6. Tfiat in the event of any breach of thia Mortgage w defau~t on the part of the MORTGAGOR, or (b~in the event any of sa:d tums of money ~ herein referred to be not promp~ly and fully paid within thirty (30) days next after the same severa!ly ~ecome ~ue +~d p+Yable, without demand or no~ice. ~ or (c) in the event each and every the stipuiations, agrecments, conditions and covenants of sa:d promiuo~y note and th~s mortgage any w eitAer are no1 ~vty, prompNy and f~lly performed, d.scharged, eaecuted, effected, completrd, compGed with and abided by, then in ehher or any such event the said ag ? gregate sum menteoned in said pcomisswy nole then remaining u:+paid, with interesl accrued, and all moneys secu+ed hereby, shall become due and pay- t abie fo~thwith, or thereaiter, at the option of said MORTGRGEE, as fvlly a~ complett~y as if all of Ihe said sums of money were orig~nal~y stipulated To be paid on such day, anything in said promissory note or in this Mortgage to the contrary notwithstanding; and Ihereupon a thereafter at ~F.e opr~on oi se~d MORTGAGEE, without notice or demand, suit at law or in equity, therefore or thereafte~ begun, may be prosecuted as if all moneys secured hereby : ~ ned matwed pnot to ~ti institution. 7. That in the event that at the be9~nn~ng of or at a~y time pend~ng any suit upon this Mortgage, or to fweclose it, or to refo?m it, or to e~fwce ~ payment ot any claims hereunder, said MORTGAGEE shall apply to the Coun having jurisd~ction thereot for the appointment of a Receiver, such Cour~ shall fcrthwith appoint a receiver of said mortgaged property all end singular, intlud~ng al~ and singular the income, p?ofits, issues snd revenues from whatever se~rce derived, each and every of which, it being expressly unders~ood, is hereby mor~gaged as if apec~fically xt forth and desuibed in the granting a~d hjbendum clauses hereoF, and such Receiver shali have all the Fuaad and effecteve fvnct~ons and powera in anyw~se entrusted by s Court to a Receiver, and s~ch appointment shatl be made by such Cour~ as an admitted equ~ty and a matter of absolute right ro said MORTGAGEE, and wi~hout refercnce to the edequacy o? inadequacy of the vatue of the property mwtgaged or to the so~vency or insolvency of said MORTGAGOR a the defendanls, and that auch rent~, profits, income, issues and revenues shall be applied by such Receiver accord~ng to 1he lien or equitY of said MORTGAGEE and the praclice of such Courf. ~ 8. 1o duly, promptly and fully perform, discharge, execute, effect, complete, compfy with and abide by eacFi and every the stipulations, agreements, conditions snd covenams in said promissory note and this mo?tgage set fwth. 9. Thaf i~ the event the ownership of the mongaged premises. w any part the.eof, becomes vested in a person other than the MORTGAGOR, the A10RTGAGEE, its successors and ass~gns, may, w~rho~,t no~~ce to the MORTGAOR, deal with such successw a successor in interesf wifh reterence to this mertgage and the debl hereby secured in fht same manner as with Mortgagor without in any way vitiating w d~scharging the Mortgagori liabiiity herr ~nder or upen the debt hereby secured. No sale of the premises hereby mo~tgaged a~d r+o iorbearance o~ ~he pan of the IAORTGAGEE or its successors o~_ ass~gns and no exrenslon of ~he ~ime fw the payme~t of the deb+ hereby secured given by the MORTGAGEE or its successors or auigns, s~~all operate .e~e,.~".~:..ti~.,.. ..~.,.I:E~ ~~,an~.. er affece ~he oriainal liabilitv of Ihe MORTGAGOR herein, either in whole or in part. a 10. It is speuficaliy,agreed ~hat ~ime is of the essence of this contract and that ~o waivtr of any obligatfon hereunder or of the obligatan sr ; cured hereby ahall at any time thereafter be held to be a waiver of the terms hereof or of the instrument secored herby. ~ 11. In add;tion to the forego:nq monthty payments of princ'oal and inrerest required by the prom~ssory note secured hereby, mortgagor covLnants = and ag~ees to pay ro e:ortgagee wfth each month!y pay~nent an add~ional s~m est~mated by mortgagee to be equal to 1;'12 of the annual cest of the follow- j ~~,g: A-Ail rea~ ~roperty taxes levied or assessed agaisst thc above described real estate. : B-Prem~ums on fire and windsrorm insu~arce as here~n requ:red to be carried on the improveme~ts situate on the above described premises. ' I C-P~emiums on such mortgage guaranty ir.surar~ce es mortgagee shall from t:me to time deem fit to carry on 1he loan secured hereby. Marlgagee sfia!1 from time to time notify mortgagor ~n w~it~ng of the amount due and payabte hereunder and such sum shall Ihercupon be due and i Fayabte on the due date of the next month;y payment and each successive mo~th thereafter until mortgagee shall notify mortgagor of a change in such a~--ount. Such s~ms shal! be app~ied by mortgagee toward the payment of real property taxes, insurante prem;ums, and mwtgage guaranty insurance ~ p~emiums. IN \YITNESS V:HEREQF, the said MORTGAGOR has hereunto set his hand and seal the day and year first aforesaid. ~ S;gned, Seated and delivered in the presence of: j ~ ~ LE f"`t Sean ~ 4-~[.~.tc i.. rn. C`~tc'-~..{:O tSeal) i ~s~aq ~ (Seaq SiATE OF FLORIDA ~ St . Lucie couNtY oF Before me pen«w~~y appeared Ronald M. SOriOCjd end Lorraine ri. Sonoda _ h;, wife, to me well known and known to me to be the individvals dewibed in and who executed the fwegang instrument, ertd acknowledged before me lhat they executed the ume for the purposes rherein expreued. And the said Lorraine M. SOAO~ Nife of the said Ronal d M Sonoda - ~Po.~ a separate and p?ivste ~ examination by me taken separate and apart irom her said husband, atkoowledged to and befo~e me that she executed sa;d instrument freely and volurr ~ ranty and w~thout any compulsion, constraint, apprehens~on, w ar of or from her said husband. a~-.~:~. ~?11 Ll A. D. 19_24 ~ WITNESS my hand and official seal thi day of _~R,/~,s`~- Notary Public i~ snd for 51 e of florida at Larpe My Commisaio~ expir ~ ~ Ret~m To: ~ Fint Federel Sarings ~ loan Assxiat~on ~_r,~~~~ NOTARY %SBlIC.STATE rt ~'•f~RU>•~ ~t IARGE ~ Mtl COtd~ISS1ot~ E~:r~aEy ~a.;. l. 197~~ s- Of Fo.t P.erce. ~ODdbd 8y MIe11Cif1 Wfik6li IN~YfiOf~ ~j' fort Pierce, Florida ` s /~y ~ V, ...i~^~~tsL ~~i~ • ~J - , o(~ i i ~ r• „t vOKDED ; ~a > ~ ~ ~N f , tJ~~Y4~ E~~ A~ .:0 Y fL~• , ~ ' ~ ftl``~t_~: ~ T~~g~ l ' ~ : • - This Instrument Prepared By Richard K. KayF~ a;,.~~ ' ~ First Federal Savings 8 loan Association ~ F, `_,,,~°t COURT : r• ~ A_ ~ _ _ , ~ ~ : - ~ of Fort Pierce ~ Florida '~~~P~: . ~ ~ G'•~` ;,'s ' 8 58 A~ - 5;.. Q,;•~ Checked By A~j(~' ~ ~ .S FA3 ~ n ~ ' ~ BOOK~O PACE1c~1 ~ . . . , - _ - - _ , ~ _ ~ . a