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Home My WebLink About2528 To plsc~ and continuously kcep an fhe bui!d~ngi now w h~reaft~r ~]tuat~ on said le~d and on all equipnenl ~nd personaliy covsred by this ma?~ sg~, with ~II p~emi~mf thereon paed in lull, lire insura~te in the ~~usl s~anda~J polity form, in ~ tium app~o~td by tM MORTGAGEE, •nd wind~tam in~ura~t~ in tt» uwal itandard ~.ol:cy (orm, in • aum approved by the MORTGAGEE, in ~ucl~ company w canpanies as 1M MORIGAGEE may { d~ndj ~nd all fir~ and w~adiro.m ~nsu~ance po~Ktes on aoy of said build~rq~, any Interest tMxein o~ part thereof. In tM ~9q~eg~te ~um afaesaid w ~ In ~~ccea ~hereof, ~hall con~ain the usual sundard mwtgage~ clause a such othe~ daus~ ~i the Mo~tgagee msy rcqu~re, maEirq ~M Iwi unda sa~d po1F ciei, sxh and ewry, payab!e ro»id MORTGAGEE as ~ts interest mey appear, ~nd each and evcry such policy shall be promptly sss.qned a~+d delivcrcd ~o any hsld by said MORiGAGEE u(wther s~curity to uid matya~e deb~, and, not less tMn ftn (10) dayi in advarxt ol tM ~xpiration oi ~uh polity, to da IivN ro said MORTGAGEE a renewa! ~hereof, topaNar wieh a rete~pt fw the p.emium of i~ch re.~ewal; ~nd ~here ~hall b~ ~o firs or winda~orm insur~nc~ plst~d pn ~ny of said buildi~~, any i~tereit tl+er*i~ o? part +hereof, unleu in ~he Iorm and with IFu lou payabls u aforeaaid; and in ~M event a~y sun+ of ~qn~y becomet payable w~de~ wch potity a policies wid MORTGAGEE shall havs ihe op~~on to rcceive and apply tM sams on atcount of the ineiebted~ neu iacu~td hereby w w permil s~id MORTGAGORS Io ~eteive and use it w any part thercol for otncr pu~Fwses, wi~hout th~reb/ wai~in~ or ~n.pair- ing ~ny eq~iry, lien w righf under or by virtw of this mwtgage; ~nd in the avem k~d MORTGAGORS ~hall for any ~eason fatl to keep the said pr~mi~es w ~nsurad, or fail to d~liver promptly ~ny ot said polKi~s of iniurance to said MORiGAGtE, o~ (ail promptly to pay (ully a~y prem~vm thereiw u in any - respect fail b pafum, discharg~, execute, effect, comptets, comply w~~b and abide by th~s covenanl, a any part hereof, said MORTGAGEE may pi~c~ •n~ ~ - paY for tuch inswant~ o~ ~ny part tMreof without waevinp or affecting any option. lito, puity, ot right unde~ a by virtue of this Mwtyagt. and the f~lt amounl of each ~nd every fuch paymenf slftll be immediately dw and payabfe ~nd shall baar intereu irom ths dats thereof until paid at the rate ol nine per centum per annum and togethrr with such interest shali tx s..-cured by the lien of this matgage. 1. To p~rmit, commit w sufter no waste, impairm.ent or deterioratio~ of sa~d property or any part the~eof. 5. To pay all and sin~~lar the co~ts, charges ~nd sxpenses, including a rsasonable attwney'a fee and costs of abstratlt of title, i~curred w psid at any time by said MORTGAG°E, because a. in ~he eve~t of the fa~lure on ~he part of ~he said MORTGAGOR to duly, promptly and fully perfwm, d~xharge. execute, e(fed, comptets, comply wuh and ab~de by ~ach and every the stipular~ons, agrecments, cond~tions, +nd covenants of said p~omissory note and ~hii • mortgsg~ any o? eirher, and sa~d costs, charges and expenses, each and every, ihall be immeci~ately dve and payable; whether p not there be ~orice dQ mand, attempt to collect or wit pending; and ehe (ull amount of each arxl every such paymeM shall bear interest from Ihe date thertof until paid a1 tF~t r.~ee of n7ne per c_ntum per annu:n; arw' all said costs, charges and expenses incurred or paid, together wuh such interesL thal{ be secured by the lien of thi~ ~ i m0(1gi9Q. . 8. Thal (a) in the eveM oi a~y breach of thit Mortgage or dafault on ~fr part of the MORTGAGOR, or (b) in ~he evenl any of sa7d sums of mwxy herein referred to be not promptly and fully paid within thirty (30) days next alter the same se~eratly become due and payable, without dem~rx) or notice, or ~n the event each and every the stipu~ations, ag~eements, conditions and covenants of sa:d promissory note ar+d th~s mortgage any p either a?e no1 i~:y, p?omptly and fully performed, d:acharged, executed, effected, compteted, compiied wi!h and ab~Jed by, then in either a any such evMt tha ssid ag gregate sum meMioned in said p~omia;ory rtote then remaining unpaid, with ~nterest accrued, and a:l moneys secured hereby, shall becon?e dve and p~y- ab!e fathwith, or the~eafter, a1 the opt~o~ of sa:d MORTGAGfE, as fully and completely as ii all of ~he sa+d sums ol monty were orgir?slly tfipulated ro be pa;d on svth day, anything in sa.d promissay nole or in thin Mortgage to the contrary notwithstanding; and thercupon or theresfte~ at the opt~on of sa~d MORTGAGEE, w~thout noLCe or demand, svit at law or in equity, therefore p thereairer begun, may be prosecuted as if tll rta~eys sacured F?ereby n~d malured p?iw t0 its instilWion. ~ 7. That i~ the avent that at the beginn~r~q of or af any time pend~ng any su;t upon thia Mo.tgage, or to faeclose it, dr fo reform it, or to enfwce paymenl of any Naims hereuntier, said MORTGAGcE shall apply to the Court having ~ur~sd:ttion thereof ior the appointmeM of • 2eceiver, such Covrf sfiall ivThwith appoiro a receiver of sa~d murtgaged proper~y a!I and sing~lar, ind~d~ng all ar~d singular the income, proGts, issues and revenues from whatever s: urce derived, each and every of wh~ch, it being expre:sly undentood, is F:e•eby mort~aged as if apec~ficaily xt fwth and described in the g~anting and habendum clavses hereo{, and s~ch Receiver shall have al! the braad and effec~ive f~rct ons and powers in anyw~se eNr~sted by a Cou~t to a Receiver, and s~ci~ appoinima~t shalt be rtiade by such Court as an admit~ed equiry and a matter of absolute r~ght to said MORTGAGEE, and without referentt to the tdequacy or inadtquacy of the vatve of tFv property mortgaged or to the so:r~•~cy or msolvency o1 said MORiGAGOR a the defendants, and that such re~~s, profi?s, income, issues and :evenues shail be applied by such Receiver accord~ng to the Iien or equity of said MORTGAGEE and the practice of such tourr. 8. To duty, prempt~y and fu~Iy p~rform, discnargr, eaecufe, effed, complete, cer.~ply witb and ebide by each and every the slipulations, agreements, cer,d;tionY and covenants ~n :aid promissory note and ~h~s martgage set fo:th. , 9. TF+at in tt~e ever,t the ownership of the mortgaged premises, or any part lhereoi, becomes vested in a perwn other than the MORTGAGOR, the :•.:'3QTGAGEE, its succeuors and assigas, may, wi:hou~ netice to the ldORiGAOR, deal w~~b such successw or successor in iMerest with reference to this o•tgage ars! the d:bf hereby secu•ed in the same manrte~ as wi~h Mortgagw wilFwut in any way vitiati~g or diuharging Ihe Matgagors' liability here- ~.rdcr or upoo tF.e debt hereby secured. No sale of the premises hereby mortgaged and no lorbea~ance on Ihe part of the /~10RTGAGEE w its successors c~ ass:gns and ~o exte~s~on of the ~i~ne for the payment o1 the debt hereby secured given by the MORTGAGEE or its successors or assigra, .3uil operate to re~ease, d~scharge, modify change or affect the or:g~nai l;ab~irty of the MORTGAGOR herein, either in whole w in parf. - 10. It is spec~f9catly agreed that time is of the essence of lhis contract and that no waiver of any obligation hereurtder or of the obligation st cured lti:reby shali at any time therea(ter tw he:d to be ~ waiver ol the terms hereof or of the instrument secured herby. 1 t. In aod.~~o~ ro tt~e foreyo'nr~ mo,vh?y pa~:r•.~nrs of pnnc pal and ir~eress required by the promissory nore secured hereby, mortgagor covenaMs ~--:d agr~es ro pay to •~ortgagee :a~th each mon~h!y pa f.~,ent an add:iional sum eshmated by mortgagee to be equal to 1/12 of the annual cost of the follow- ~ A-All real property tax~s fe~iied or assessed ag3i~~at the above desc~ibed real estare. B-Pr~-~n~oms on firo_ and wi~dstwm ;nsuracce as here~n requ:red to. be carried on the ~mprovements situate on the above described premises. C-Premiums on such murrgage guaranty insurance as mcrtgagee sha{I from t me to time deem fit 1o carry on the ban secured hereby. Mortgagee s!.e!~ from t~n,e to time nori?y mortyage. ~n writ~ng of 1he amount due and payable hereundtr and such aum shall thereupon be due and .~;ab'e on thc due date of the ~~ext month!y payment and each successive month thereafter ur,til morfgagee shall notify mortgagor of a thange in such --:unt. Such sums sFail be appiied by mor~gagee ~oward the payment of resl property taxes, insurance prem:ums, and morigage guaranty insurance ~ e•n~ums. ~ IN N~ITNESS WHEREOf, the sasd MORTGAGOR has hereunta set his hand and sea! the day and year f' st aforesaid. f Signed, Sealed and de!ivered in the ~xesence of; F1Lf~ ~t{ sr. ;;a~+t~rtr ~A. ~ an i _ ~•.e,~ ~ fSiv: F Y?~'~AS ` .0 f ~i~~1: ::~-:,dfi ~~Uiti' rc. t - - arc~r:.~ ..Y ~,~n____--- cs~n i - ~n~rw ~s~an ~ S~ATE OF FLORIDA ~ ~ a~ ~ St. Lucie ~ cou~an oF ~ - Befae me persenally appeared C1 aude MeClellan, a single adult to me well known sr,d kno,~m to rs+e to be ~ rha individval desciibed in and who e~ecuted IF~e fwegoing initrument, and atkrwav{edged befwe me that he exetvted the same fw iF~e purposes ~~e~e,n expressed. 9~Q~~~ ~ ~G3E)O1U6K~Df ~ 9t?C3C~lOl~~R°JC7['iKJf!(7~~E!['!b['ll~~~CX~t' ~~!~I~~~~ X ~ WITNE55 my hand and offic~al seal th~s__ day of Au L1S A D. 19~Jr - r ~ . s Notary ublic in and ( the St e of florida at large - ~ My Commiuion expir : ' Return To: ~ First Federal Savings 3 loan Association \ ~ Of forr P,erce. ~ ' , ~ Fort P~erce, Fior~da ; ~ . • ~ S . h//,: ~ :~3y~~...:..~-c~?% , 'i\.._~: , • This Instrument Prepared By Richard K. Kayes ~ - ~ ~ First Federal Savings & Loan Association ~ r; 2 ~ ` ~ ~ ~ of Fort Pierce , Florida U R = . ' ~ . w ' ~ ' 242 PAGF 2530 ~ j : ~ ~ ~ ~ ~ . . S BOOf( ~ : ~ : ~ ~ ~ ~ Checked By~- ~t '°ti. . " ~ 4~,: ~c ~ ~ . ~7_. ~,rY,,~ y~, i. 1. i , . .rrif. . t r-, , ~ ~ - - - - - - ~ ~ ~ ' r _ ~ . . ~