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Home My WebLink About0505 i ~ i 3. To place and contin~ously keep on ihe buitd~ngs r?ow w hereafte~ ~itu~t~ o~ said land and on +11 equipnent and personally covered by this ma~y- ag~, witA al) pr~miums thereon pa~d in iull, fire insurence in ~he usval stand~rd policy form, in • tum approved by ~ht N10RfGAGEE, e~d wir+diTam insura~?t~ i~ th~ uswl standard pol~cy tam, in a sum •pprov~d by eFw MORTGAGEE, in such compa~y o+ compan~es as tM MORLGAGEE may dirett~ ~nd all f'ue ~~d wind~torm insurante policies on a~y of said build~npt, any inhr~st tMr~in o~ put ~ha~eof, in tM sggre9sr~ svm ~foreiaid or In exc~ss thereoi, shall co~tain ths uiwl standard morrgaya+ cl~uss or tuch other cla.,s~ q tM Mortpage~ m~y requu~, maYinp ths lo~~ unda fa~d poli? . c~es, each ~nd sveryr, paysble to said MORTGAGEE ai its inlerest may ~ppea?, ar+d Nch and ~very t~ch policy shall be p~ompt~y a~s.9ned and delivered ~o ~ •ny held by said MORTGAGEE ~s fu?th~~ iecurity ~o said mortpa9s debt, and, not Icu 1Mn ten (10) days in ~dva~ce of tha expiration of each poficy, to dr I~ver ro said MORTGAGEE s renewsl therQOf, top~+her witA ~ reteipt fw IM pr~mium of ~uch nnew~lt and ther~ shaU he no Rre or wind~iorm insuranc~ pl~ced on any of iaid buildings, ~ny interest the~ein w p+rt thereof, vnleu in 1fie form ~nd wi~h 1M loss payabk as ato.esaid; and in the event any s~~ of morwy becw~ys payabk unda such policy w poUcies iaid MORTGAGEE shall have th~ option ~o receive snd apply the s~me on sccovnt oi the i~dabted~ ness secu~ed hereby w to pe~mit said MORTGAGORS lo ~eteiw and uss it q a~y part thereof fw othcr pu~poses, withoul th:reu~ waivi~x~ a~n~Qa~.- ing any p~ity, lien or righ~ under or by virtw of this mozsgaye; and in tM event said A10RTGAGORS shall fw any reawn (ail to keep the ia~d p~em~srs so . inaured, o~ fsil ro deliver promptly sny of said polK~es of insv~snte to ssid MORTGAGEE, w fail promptly to pay fully a~y p~emiunt therefor er in any rospect (ail fo perform, discharge, execute, effect, compkte, compty with and abid~ 4y this cove~+an~, o? sny p+r~ M.eof, said MORTGAGEE may p~ace a~.d pay fw tuch iruurancs w a~y pa~1 lhereof wlthout wsiviny or ~ffectinp ~ny opt'ron, lito, eq~ity, w right unde~ or by virlw of this Ma~9age. a'~d the fu11 amount of each arvJ overy such payment siull M imnediat~ly dw ~nd payable ~nd ihall be+r intereit from tfie da1e thereof u~eil paid at the rate of nine per ce+~tum per annum and together with such iMares? shall be secured by tM lien o1 thia mortyage. 1. To permit, oommit or suffer no wa~ts, impairment or deterioration of said property or ~ny p~A thereof. S. To pay ~It aod singulu the costs, th~ryes a~d expenses, inclvd'enp a ressonable +ttorney's fee and costs of ~bstradi of titls, incurred or paid st • any tune by uid MORTGAGEE, becavse or i~ the event of the failure on the part o( IM ~aid MORTGAGOR to duly, promptly and fully pe.form, dixharge. execute, effcct, comptete, canply with and ab~de by ~xh and every the st~pulat~o~s, aqreements, conditions, a~d cover~a~n of said prom~sso.y note and ~his mortgsge ai?y or e3ther, and said cosb, charpes and expenses, esch ~nd every, shall b~ immediately dve and payable; whe~her or not there be notice de mand, attempt to collect or wit pe~dingj and t1a full amount of each uxi every suth p~yment shall bear interest irom the date thereof until paid +t the .a~e of ~ine per ceroum per arnwm; and all wid coste, charges and expenses incurred a paid, together with s~ch ioterett, sMll bt secured by the lien of tha ;nortgsge. 6. Thst (a? in the event of any b~each of thia Mortg~ge o~ default on tM part of the MORTGAGOR, or (b) in tMe evenf ~ny of said sumi of mo~ey he:ei~ ~efHred to be not promptly and fully paid within thirty (30) days r+ext after the same severatly becane due and payabk, withov~ demand o? notrce. or (c) in the even~ r~ch and every 1F+e stipul~tio~s, agrcements, conditans and covensnts of sa~d p~omiuory note and th+s mwtyage any u either are ~?ot ~uty, prompNy and fully performed, discharged, executed, effected, completed, complied with ~nd abided by, then in either w+ny such event tf?e sa~d ag gregat~ sum mentaned in said promiuory note then remaining unpaid, with tnteresl actrued, and all moneys setured he~eby, shall become dve and pay- able fo~thwith, a tFureafter, at the option of said MORiGAGEE, as fully and completely aa if •II of the said suma oi money were wginally stiputat~d to be paid on such day, anything in said promiasory note or in this Mortgage to the contrary notwithstsnding; and thereupon w thcreafta at the oprion of ~ sa~d MORTGAGEE, w~thout not~ce w demand, sui? at law a in equity, therefwe w tFkreafter begu~, may be prosecuted as if ~I{ mw~eys secvred hereby ~ had matured priw to its institution. 7. ihat in the ever:t tfiat at the beginning of or at any time pending any wit upon thia Matgage, o~ to faeclose i4 w to refam it, or to eaforce payment of any tlaims hereunder, said MORTGAGEE shall apply to the Court F~sving jurisdiction thereof ior the appointment of a Rzceiver, such Cou?t shail Forthwith appoint a receiver o~ said mortgsged propeAy alt and sirg~tar, includmg all and singular the income, p.o(~ts, issues and revenues from whatever source derivod, eath a~d every of which, it being expressly undersiood, is hereby mottgaged u if spetiiically set forth and destribed in the ~ranting habendum clauses hereof, anc~ such ReceiYer shalt have all the broad and effecrive funct~ons and powers in anywise ent~usted by s Court to • Receiver, aRd s~ch appointment shall be made by such Court as an admitted equity aod a matter of absolute right to said MORTGAGEE, ~nd without relerence ~o ths . adequacy w inadequacy o1 the value of ~he property mortgaged or to the soiveruy w insolvency of wid MORTGAGOR a the dcfendants, and that such renrs, profits, is?come, issues and revcnues shall be applied by :uch Receivcr according to the lien w equity of wid MORTGAGEE snd the practice of such Court. 8. To d~ly, promprly and fully perform, dixharge, execute, effcd, complete, comply with ~nd abide by each and every the stipulations, agreements, conditions and covenanrs in sa~d promissory note and this mort9sge set forth. ~ } 9. That in the event the ownenhip of ~he mortgaged premixs, a any part thereof, ksecomes vested in a penon other than the MORTGAGOR, the htORTGAGEE, in successors and sssigns, may, without notice to the MORTGAOR, deal with such successor or wccessor in interest with reference to this rro~tgage and the debt hxreby secured in the same ma~ner as with Mortgagor without in any wsy viriating w d+uharging the Mwfyagors' liability Fx.o- ; under or upon the debt hereby secured. No sale of the premises hereby mwtga9ed and no fwbears~ce a+ the pan of the MORTGAGEE or its successon I or auigru and no eatension of the time fw the payn+ent of the debt hereby sec~ired given by the MORTGAGEE a its succeswrs or auigns, shall operats ` ro release, discharge, modify thange w affM the original liability Of the MORTGAGOR herein, either in wFwle or i~ part. 10. tt is speufically agreed that time is of the euence of thu contract and that no waive? of any obligation hereunder w of the obl'~gation sr cured hereby shall at any tims thereaher be held ro be s waiver of the terms hereof or of the instrumeot secured herby. 11. In add:tion to the forego:ng monthly payments of princ~pal and interest requ~red by the promissory note secured hereby, mortgagor covenants and agrees to pay to mortgagee with each manth~y paymem an add~rional sum estimated by mortgsgee to be equal to 1/12 of the annua! cost of the follow- ing: A-All real property taxes levird a assessed agai~ist the above destribed resl estate. • ' ; B-Premiums on fire and windstorm insurar,ce as herein requ~red to be carried on the improvements sifuate on the above described premises. C-Premiums on such mortgage guarar.ty insura~ce as mortgagee shall frqn time to time deem fit to carry on the toan secured hereby. Mortgagee shall from time to iime notify mortgagor in w?iting of the amount due and payable hereunder and such sum shall thereupo~ be dve a~d ~ cayable on the due date of the next monrhly payment and each successive month ti+ereafter urfil mortgagee shall notify mortgagor af a charge in such j ;~,ount_ Such sums shall be applied by mortgagee toward the payment of real property taxes, insurance prem.~ms, artd mortgage guaranty insurance ` pre ~ums. i i WIT VYHE OF, the said MORTGAGOR has hereunto set his hand and seal the day and yesr first aforessid. 1 ig deliver i the presence of: ; ` ; ::f' '".'R,~'~~ aq a FrII~~ _ jri~}~~'• ~ Y • ~+,jCOtt _(Seaq ~ . ' ~1-~~V~ _~~^'T~~s ~ s~a~=~ ~ ti ~ c~Er r, L,~~: ~ ~ ts~n ~ Rc ;^F.Z Y~• .-t~~ _j~llYa ~I~_~CAtt (SeaQ ° STATE OF FLORIDA b 9~~ AM'~~ ~ couNrY oF St. Lucie ~~•7;32s ~ Before me personal~y ~ppeared Roger AICOZt e~ Latua .T• AZCOtt h+s wi1e, to me well known and known to me to bs G the individuals described in and who executed the foreganp ir?strumeM, and acknowledged before me tha! they executed the same (or the purposes ~ rheroin expresxd. And the said L.all~a .1. ~COtL ~ Nife of the said ROaBTl' A~ ~COtt ~pon s sepsrate and {xiv~t~ exam7nsYwn by me taken separate artd apari from her said husband, adcrwwledged ro snd before me that she executed said instrument fre~ly and voluo- ~ rarily and w~thout sny compulsion, constraint, apprehenston, w fear of or from her said husband. ~ WITNESS my hand snd officisl seal this %2-„ day of A. D. 19~~. , Notary Public in a~d f Stafe of Fbrida at Lsrge My Commission ezpir . _ j ~ a~~~?~ ro: . • e- 3 v•~ 6 ~ Fint Federal Savings a Loan Association ~ Of Fo~t Plerce. ,.~~:titst!;~; fort Pierce, Florida ,y i~ . ~ ~~~~y ~ ' ` ~ - .~,~~~:1Q'~=~.. ~ • • ti ~ . . H * ~ This tnstrument Prepared By RobQYt A• Swisher Jr. _ : . -~`~•,t,:. ~ First Federal Savings b loan Association _ ' - ~ of Fort Pierce ~ FloYida 33450 ~~i 0~~;~~' ~ ~ ' ' : Z . - ~ 7~j, ~ Checked By ~l i, ~ • ~ ~ r . f. ~j BOOK~Jc~ PAGE 50~ ~ . _ ~ ~ - , ~ _ , . d~ ~ - - - - - _ , - - - ~ r_~ _ w , - _ . . _ . ~rt. _ . ~ ,