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Home My WebLink About0160 3. To pl~cs •nd continuousiy kacp on the bu~:clings ~ow a hereaf~sr ~itua~s o~ s~~d land and on all puipme~~ ~nd p~rson~lly ~vK~d by tAi~ mwt~ pe, with ali prcnuums thercon pa~d in fuil, fire i~~s~r+nce ~n the usual standard policy torm, in a~um approv~d by the MORTGAGEE, and windstam Inwrsoce i~ ~he uswl t~andard pol~cy fam, in a sum approvcd by ihe MORTGAGEE, in t~ch compa~y or comp~ni~~ ~s 1M MORTGAGEE may dinctJ and all tire and w~ndstorm insuranca po~~cles on any ot iaid build~ngs, any inte~~st th~rei~ or part th~rwf, in tM ay~re9ar~ ~~m ~fa~said or In ~xceu Ihereof, ~hall contain ~he usuat srandard mori9agee c~auu or such othe~ clauas ai th~ Morty~ge~ may requin, re~s4inq tM lou unde~ sa~d po1F de~, each and evay, p+yab~e to said MORTGAGEE as ~ti in~erest may appear, and eacA and ~wry such policy thatl b~ promptly aA:9ned u~d d~iiv~.~d w ~ny held by said MORiGAGEE as fur~her security to sa~d matgage debt, and, no1 lesa ~han fen (10) days in ~dvanct of tM ~xpira?ion of e~th polity, ro dr IivN to said MORTGAGEE s renewal Ihereof, toge~l~er with a ~eceipt for the p?emivm of such renewal; and Iht~~ shall b~ tq fir~ w windtlam infvr~~u pl~t~d on ~ny of sa~d buildinga, any interest the.e~n w pa~1 ~hereof, untess in ?he form and w~~h tl» lou payabl~ ~s ~ta~i~Wj ~.+d M ~h~ ~v~nt ~ny ium of money becanes payable ~nde~ iuch polity o~ policies said MORIGAGEE shail have the op/an to receive and appiy the sun~ on ~tcounl o} tM Ind~bted~ ~+ess sacurtd hereby or lo permi~ said MORTGAGORS 1o reccive +nd uu it a any part thereof fa other purposes, w]~hout lhtreb~ waivi~~ a unp~ir- inp any eqvify, lien or righl under or by virtue of thii mo::ga9e; and in the ~ven1 ss~d MORiGAGORS shsll for any reason fai) to ke~p 1M said pr~nuses so ~ Inwrcd, w fall to deilve~ promptly a~y of sa~d policies of insu~ance to uid MORTGAGEE, a fail promptly to pay futty any premium therefw w in any r~spect fail w pe?fo.m, dixha.ge, execu~e, etfec~, complete, comply wi~h and ~b~de by thii covenant, or any pa~t hereo(, aid MORTGAGEE may plac~ and . pay fw ivch ins~rance or sny part thereof without weiving w aifectinp any option, lien, equity, w right vndsr p by viriw of thls lNortys~, and 1M full ~mount of each and eve.y such payment shall be ~mmed~ately due and payable and sh~Il besr intarest from tM date tFxreof ~roil p~id at tM raq ot nine per cer~tum per ann~m and to~rther with such interest shaii tx secured by the lien of thi~ mort9age. 1. To pe~mit, tommit or suifer no waste, impairment w deterioration of said property ot ~ny part thtreof. 5. To pay all snd singulsr ths cwts, charges ~nd expenses, including a reasonable attaney's fes ar+d costs of abttr~cfs of titl~, incurred or paid ~t any t~me by said MORiGAGEE, because w in the event of the failure on the part of 1he caid MORTGAGOR to duly, promptly ~nd fully perfam, di~cMrgt, execvte, effec~, complete, comply w~th and ab:de by each and every the tt~pulat~ons, agreeme~ts, conditiau, +nd covenanrs of uid promi?sory note and this mortyaye any or either, and sa~d costs, charge~ and expenses, each and eve?y, sMll be immcdiately due an.~ payable; whe~Aer a not ther~ be notice da mand, ettempt to colletl or suit pend~ng; and tF.e full amount of each and every such payment shall besr interest irom the d~ta thereof until p~id at the rate of nir~e per centum per annurn; and ail said cosn, charges and expensea incurred w paid, to~etlxr wlth svch intere:t, shal{ b~ t~cured by th~ lien of thu mort~a9a 6. That (a) in the event of any breach of this Mortgage or default o~ the part of ~he MORTGAGOR, w(b) in the event any of qid twns of moe+ey herein rsferred to be not promptly and fully paid wiehin thirry {3p) days next after the same severatly become due +nd payable, witho~t demsnd w notice, or (c) in the evtnt eath and every the stiputations, agreements, conditions and covenants of sa~d promissory note and this mortqap~ any o~ eithe~ ~re not ~uly, promptly and fully perfwmed, d~uharged, ezecuted, effected, compieted, compl~ed with and abided by, then in either a sny s~rch ~vent tM uid pregate sum mtntioned in said promissory note then remaining unpaid, with interest accrued, and all moneys secured hereby, ahsll beoom~ dw a~d pay~ able fwthwith, or the~eafter, at the opt~on of sa~d MORTGAGEE, as fuliy and completety as if all of rhe said sums of money were aiginally ~tipuleted to be paid on such day, a~ything in sa~d prom~s:ory note w in this Mortgage to the comrary notwithatsnding; and tl~ereupon a thereafter at the option of said MORTGAGEE, without notice or demand, suil at law u in equity, therefore ot thereai~e~ begun, may be prosatuted as if aU nwneys tstur~d i+ereby had marured ps~w to its institueion. • 7. That in the event that at the beginaing of w at any time pend~ng any suit upon this Morfgsge, ot to faeclose B, or fo reform ~it, p fo anfwq ~aay.sVM n( any clw:ms Mr~undnr. ui(1 MAQiC+ACfF ~hall anoly to tlfs Court haviro iw~~dK~ion thereof fo~ the aDdOi~ltrtlMt Of a RKliVlf, wch Court sMll fwthwith appoint a receiver of said mortgaged p~operty all and singuf+?, includ~ng a!1 and singular the income, pro~its, istws and revenvea from whatever source derived, each end every of whrch, it being ~xpressly unde~s~ood, ~s he~eby mortgaged a: if specilically set for~h ~nd desaibed in the ~ranting and habendum clauus he~eof, and such Receiver shall have all the broad and effective funcnons and powcrs in anywise entrusfed by ~ CouH fo ~ Receiver, and such appointment shall be made by such Court as an admitted equity and a matter of ab~olute ~ight to said MORTGAGEE, ~nd without reference to ths adequacy o? inadequacy of the value of the properfy mo.Tgaged or to the soivency or insoivency ot said MORiGAGOR o~ the dsfendants, snd that such rents, profiri, income, issues and revenues shali be apptied by such Receiver according to the lien q equity of said MORTGAGEE and the prattite of s~ch CouA. To duly, prompNy and fully oerform, discharae, exerute, effetf, complete, comply with and abide by each aod svery the stipvlationf, ~g~eementf. ~ tonditions and covenan~s in sa~d promissory note and this mortgage set forth. ~ 9_ Thst in the event ihe aw~e~ship of the mortgaged premises, or any part thereof, becomes vested in a person other than the MORTGAGOR, th~ MORTGAGEE, its successors snd assigns, may, without notice to the MORTGAOR, deal with such sutteuw w successw in interest with refaer~ce to thi~ ~ mortgage and the deb~ he~eby securtd in the same manner as with Mortgsgor without in any way vitisli~g p discharging 1F~e Mortgagors' liabilify here- under or upo~ the debt he~eby secured. No sale of the premises hereby matgaged and ~o forbearante on the part of the MOR~GAGEE or iq tuctessors ~ or assigns and no extension of the time for the payment ef the debt hereby secured given by the MORTGAGEE or iK wccessors or astigm, shall opetate to release, diuharge, modify change o? affect the original liability of fhe MORTGAGOR hcrein, eifher in whoFe ot in puL t 3 10. It is spet~fically agreed tkat time is of the e;se~ce of this contract and that no waiver of ~ny obligation herevnder or of 1M obligation se- t~ cured hereby shall at any time thereaher be held to be a waiver of the terms hereof or of the instrument secured herby. ~ 11. In add:tio~ to_the forego:ng month!y payments of p~incpal and interest required by the promitwry nore setured hereby, mortgsgor covenants t and agrees to pay to mortgagee v~ith each monthty pay~ :ent an add~rional sum est~mated by mwtgagee tp be equal to 1~12 of the annual co~f of fhe follow- t, i~g: \ A-All real properry taxcs levicd or assessed agai~st the above deuribed real estate. • B-Prem~ums on f~re and windstorm insurar.te as nere~n ~equ~red to be carried on the improvemenb situate on the above described premises. ~ I C-Premiums on such rreorrgage guaranry insurar,ce as mortgagee shall from t~me to time deem fit fo carry on the loan setured hereby. I Mortgagee shall from time to t~me notify mortgagor in writing of the amount due and payable herevnder and such sum shall thereupon be due and payable on rhe due date o( the n~xt month;y payment and each successive month tnereafter uatil mortgagee shall notify mortgagor of a thaoge in such l amount. Such sums sFall be applied by mortgagee iov.ard ~he payment of real property taxes, insura~ce prem:ums, and mortgage gwranty insurance pretniums. ' IN WITNES$ LYHEREOF, the said MORTGAGOR has hereunto set his hand and seal the day and Kear firat aforesaid. 1. Signed, Sesle~ and delive~d in the presense ofq . ~ - j - ~ ~ '~-~'l~ fILEC .'.i. itG11!~DEO c;\ ST.IUC'f. .;~JMTY FLA. +n ~C~;~ t:~;^,a5 v ames I?. vel e4 - w~ fz ~„~.,C:~:. i CfUR? _ , n ns:~w-; r4. e A. RCV@ le Sea~ STAtE OP fLORIDA ~ ~'1 IL 4Q COUNTY OF SL. LuCie ~ 8efore me personally appeared ~ame s D. R e ve l le 4~~ and Jo VCe A. Re vE I Ie his wife, to me we~i known and known to me ro b~ the individuals desvibed in and who executed the fwegoing instrument, and acknowfedged befwe me tFwt they exewted the wme for the purposes Iherein expressed. And the said Joyce A. Reve 1 le w~r~ or r~ sa~d Jame s D. Reve l le ~ ~,Po~ a sep~r+te and pirvat~ examination by me taken separate and apart from her said husband, acknowledged to and before me that ihe executed said i~strument freely u~d volvef- tarily and without any compulsion, constraint, app~ehg~ s~on, or fear of w from her said husband. WITNESS my hsnd and offi6al seal 1hiL_~ .-CT./L~ - day of SQ tember ~ p. ~q 75 , _ ~ , . • . ` • _ ~ / ; ~ Notary Public in ~nd fw the St of Florid ~t' lar~ Re~um To: ~ - My Commusion expires: ~ / ~ , first Federal Savings 3 Loan Associat~on ~ / Of Fort P erea t Fort PEerce, florids ~i~,. ~t . J 1 ~ • ~ This Insfrumen4 Prepared By R obert n. Swisher, Jr. ~ ~j`^;?~_~_ ' First Federal Savings 8 Loan Association ~ : . ~ ~ ; . , of Fort Pierce ~ F lor ida ; : . " ''•"~i , . , Checked By / • wr. . , 4 ibp ~ t ~ ~ 80Gx F.;Gf ~t u~~ ~ - - - - - - - - , ~ ; _ ~ ~ ~ ~ . ` ~ . ~ . ,~r ~