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Home My WebLink About0178 3. To plac~ and con~inuou~ly keep on the bui!ding~ now w heraafttt sitv~t~ o~ said Iand and on ~11 equipm~M and p~rsondly cov~~~d by thi~ mwtq~ p~, with •I) prtmiums ~he~eon pa~d i~ full, f~re insurance in ~hs uiuat standard po!icy form, in a~um ~pprov~d by Iht MORiGAGEE, ~nd wi++dttorm ieuvra~ce in the usual ~undard pol~cy io~m, in a sum approved by tM MORTGAGEE, in ~uch company o~ comP+~~~s u tM MORTGAGEE ~++y ; dir~clt ~nd all fin snd winds~orm insuranc~ poliuet on ~ny of said buiW~nps, any inler~~t thtr~in q parl 1htr~o~, in tM aQp~p+~t wm afottsaid or ; In ~xceu thenof, iMll contai~ tM vsual standard ma?gage~ claus~ o~ ~uch o~ha clavH ~i ~M Matypt~ m~y rpvu~, makinp tM loss undN u~d polE ci~s, each ~~d ~very. payabt~ a sa~d MORTGAGEE aa ~~i ~ntero~~ may +ppe+?, ~nd each and evay ~uch policy ~hall M promptly ~u.y~d ~nd deUv~red ~o •ny heW by fsid MORTGAGEE as ~unhe~ savrity to said mo~tgags debt, and, not leu tMn t~n (10) days in adv~nc~ of IM expiration of each poliq, lo da i IivN fo ~+id MORTGAGEE a renewai thercof, Ioflethar with a rece~pt for the p~Mnivm o( such ren~w+l: u+d thtr~ tMll b~ no tin w windsto~m insur~nt~ , plac~d on ~ny ot ss~d buitdl~~gi, any i~te.est thrre~n w part thereof, unleu in the fo~m and wi+h iM !ou payabl~ si •ta~iaid; +nd in IFw ~vent any wn+ ~ of moMy becomas payabM unde~ such policy w policiss wid MORTGAGEE shall Aav~ the option to ~eceive end ~pply ths iame on +ccovnl of tha ind~bted i nea setured h~reby w to permit said MORTGAGORS Io ~eceive ~nd us~ it or any put fhereof fo~ orher purposes. w~lhout thereb~ waivi~~Q a~mpair- inp any eq~~ty, lie~ or rcgM undcr a by virwe of ihis mo:t9afle; ~nd in ~he ~vent said MORTGAGORS ihall fw ~ny reason f~il ro ke~p the s+id premius w i~sured, a(ail ro del~ve~ p~ompt~y any of sa~d pol;cies ol insurance to sa~d MORTGAGEE, w fail promptly to pay fully ~ny premivm Ihe~efor o~ in any . v. reiped fsil b perfwm, d~scharge, execute, efiect, complere, comply wi?h snd sbid~ by ehii covtnaM, a+ny part 1?erwf, iaid MORTGAGEE may pl~ce and ~ pay (w such insurux~ or ~ny part thereof without waiving or afiectinp any option, lien, equ~ty, w riphl unda or by virtw of this Mort9ap~, and tM full ~mount oi each and ev~ry such paymaot shall be immediately due and payable and shall bear intarest from tM dat~ thereof ~ntil paici al tM rat~ ol nine pa cen~um per annum and together with such interest iha~~ be srtuted by the lien Of thif mottya9e- ' t 1. To permit, commit or svf(a no waste, impairment w deterioration of said property a any p~rt thersof. . 5. To pay ~II ~nd singular ~he costs, charges and expense~, includ~n9 a ressonsble attaney i fes and wsts of ~b+n+cts of titb, incurred or p~id ~t •ey time by said MORiGAGfE, because or in the event of IM failure on the part of tM taid MORTOAGOR to duly, promptly ~nd f~lly pKform, d~xharge, € txecute, etfed, complete, comply w~th and ab;de by each and every the stipulatwns, ayreaments, condition~, and covenann of said {xomissory note and thi~ ~ mortg~ge any w ei~her, and sa~d costs, cherges and expenses, esch and every, shall be immediately dw and payabte; whether o~ rat ~here b~ notke de~ ? mand, attempt to co~lect or sui~ pe~d~ng~ and the full amount of each and every svch paymem shall bear intereit irom tht date thereo( votil paid at the rate of nine per cemum per annum; and all said cosrs, charges and expenses incurred o~ paid, together with such imerest, sMN b~ s~tured by tht iien of thu ~ mort~sp~. ~ 6. Thst (s) in the evenl of a~y breach of this Mortgage or defa~lt on the part of the MORTGAGOR, w(bWn vM event any of said s~?rtn of money herein referred to be not p~omptly and idlly paid with~n th~rty (30) days nexf aitar the same severslly become due and q~yabl~, without demand or aotite. w(c) in the event each and every ths s~ipulations, agreemenrs, cond~tions snd coven+nts of ss~d promissory note and this maty~ any a eithe~ are no1 ~ufy, prompNy and fully performed, d~xharged, e:ecured, effected, compteted, campGed with and abided by, tMn in eith~r or a~y such swnt tht uid aQ pregate wm mentiooed in said promiuary note thrn remaining un,~a~d, with interest acu~ed, and all moneys tecvred he~eby, il?ilt become dw and p+y- ~ able forthwith, or thereafter, at the opt7on of said MORTGAGEE, as fully ~nd completely ~s if all of the said wms of mon~y were oripinslly stipuleted ~ ro be psid on svch day, anythirtg in satd promissory note w in this Mortgage to the contnry notwithstsndinp; and thawpa+ w tlw~after ~t the option of ~ wid MORTGAGEE, without notice w demand, suit at law or in equity, therefore or thereattar begun. may be prosetut~d u if all moneys s~cured hereby had maWred pnot to ~ts in:titution. 7. That in the event that at the beginning of a at any time pe~irg any suit upon tFis Mortgage, or to fpeclose if, or to rcfwm if, w fo enforu i paYrrKnt oi any Ua~~ns herevndar, said 1~iuKit~:.G~t ~haii appiy io i:u Coun i+aviry jurisdrciion itureoi for tiro ap{rui~i~~ti ~i ~ Rateiver, svtfi Cwrt ~N~O forthwith eppoiM s receiver of said mortgaged property a!1 and aingular, inttud~ng all and singu~ar Ihs intome, prof~ts, iswes and revenues from whateva ~ source derived, eath and every of wh;ch, it being expressly understood, is hereby mortgaged st if spec~fically ~et forth and desuibed in th0 pranti~p ~nd habendum clauses hereof, and such Receiver shall have ail ~he broad and efiecrive fu~ct~ons and powers in anywise entrvsted by ~ Court to a Reuive~, and such appointment shalt be made by wch Go~rt aa an admitted equity and s matter of absolute r~ght to said MORTGAGEE, and witheut reference to the { l sdequacy o~ inadequacy of the value of the p~operty mortgaged or to the so;vency or inaolvency o( said MORTGAGOR o~ the defendants, and that tuch renta, profits, incane, issues and revenues shall be applied by such Receiver accord~ng to the lien or equity of said MORTGAGEE and the p~attice of suth Cou~t. ` ~ io dury, promptly arxi fuliy periorm, d~scnarge, execute, eiiect, compiete, comp+y with ~od a'o~de by each ~nd evety Ihe slipuistioru, ~greemenis, ; conditans snd covcnaots in sa~d promissory note and this mortgagc set iwth. ~ 9. TAat Fr: the event the ownership of the mortgaged premises, or any part thereof, becomes vested in a person other fh~ef tht MORTGAGOR, fhe MORTGAGEE, iri svccessors and assigns, may, wirhout nor~ce to the MORTGAOR, deal with such successor a waessor in interest with reference to this • j mortgsge and the debt hereby secured in the same manner as with Mortgagor w~thout in any way vitiating w dixharging the Mort9~gors' (i~bilify hera ' under or upon tht debt hereby secured. No sate of the premius hereby mortgaged and no fwbeara~te on the paA of ths MORTGAGEE w its suttessws ~ or su~gns and no extension of the +ime for the payme~t of the debt he:eby secured given by the MORTGAGEE or in wcceswn or auipro, shall operat~ ~ Io releaie, discharge, modify change or affect the onglnal Iiab~Gty of the NkORTGAGOR herein, either in whole or in puf. 10. It is spec~fically egreed that time is of the essence of fhis contrxt and that no waive? of ~ny obligation hereunde~ or of the oblipation se- Nred hereby shalf at any time thereafter be he:d to be_a waiver of the terms hcreof or of the instrument secured herby. I l. In add~tio~ to the forego:ng monthly paymrnts of princ pal and interest reqv~red by the p~omiuory note secured hereby, mortyagor coveosnit and sg+ees to pay to mortgagee with each momhly pain~ent an sdd~~ional sum est~mated by morlgagee ro be equal to 1/12 of the annval tost of the follow- i^9: . . A-All real property taxrs (evied w assessed agaivst the above described real estate. - B-Premiurtu on fire aod windstorm insurar.ce as herein requ~red to be carricd on the improvements situate on the ~bove desvibed premises. I C-Premiums o~ such mortgage goaranty insurar~ce as mortgagee sha{I from ume to time dcem fit to urry on the loan secured hereby. ~ Mortgagee shall from timx to t~me nor~fy mortgagor in writing of the amount due and payable herevnder ~nd such wm shall thereupon be d~e a payabte on the due date of the next month!y payment and each s~ccess~ve month thereafter urtil rtwrtgsgee shall notify mortyagw of s change in amount. Such sums shall be app~ied by mo~tgagee tovvard the payment of real property taaes, insurance prem:ums, and mwtgaye guaranty ' nce premiums. - IN WITNE55 WHERfOF, the said MORTGAGOR has hereunto xt his hand snd seal th day artd ye~r firit aforesaidl,~ Signed, Seakd and detivered in the presence of: f~~t~ ~iECGRDEO ST.Llii.i•: ?`.~`~H.TY FIA. ` ~ R~;,".=.F =v~-RAS Ro ert Vance 'th J ~ ricc F ~ •:u~7 i.Oi:~T ' 0 ur~-~ ~ f:' ~.,n S~P 1~I I o2 PN'~~ " STATE OFFLORIDA ~ ~ : st . Lucie ~ ~ ~ ~ ~1~5~~ ~ couNn oF ~ Befae me penonally appeared RobeYt Vance Snith Jr. ~ a single adult y„a. ii~ yriE~. to me well known and known to me to M ~ the individual desu~bed in and who executed the foregoing instrument, and acknowkdged before me that he ~xecuted the ~am~ fw th~ purpo~es ~ therein exp~essed. Awd~tl~~ar - j YV~f~ ~i.1h~ seld lipmJ~~(~iV11J~pftl(W ~~a~~ea by. ~ yl~ ~?~ra ~od.av+rL teov~ he~ saicL~ed. acJ~r,~,~t.do.~~ ~a~~-_.~:~.~sbat iberss~a+td.s~id ~r~w+~w~t lr~el~.~+d ~rd~m ra~ily.aod~riihcrt.soy~~i~..rvs~tsair?LrPi~dw~a~~r. ar~f~fwin.6tiaridJwsband. WITNESS my hand and official seal this ~ 3~ dsy of S teaber ` q, p, ~y 75 ^T~ Notary PuWic i nd the St~te of Fbrida ~t lary~ i .n N /•1 . F~:J R i D~. ~ M,, c~,~u~ c:= DOCUMfNTARY,-=--:,- STIaMP ~!'.t , ~y~, NbR~, s,o~c oF c1o,;~?, o~ ta~gi ~ = DEvT. (1T REY~{tiUE % ~ M . - ' - "n Y Cprpr.:s~o:. Cxp.r:: :+'.y N _ = SEAZ; ~5~,:~,'a'~-~ 2 4. 7 5 t ~:,d.d b, .4:~~:::,•. ~::P L L~:,._: ~ _ P B. E.."v , /Z. ~ ~ 7 ~ m ~ ~l~~Oi ~~:'.s'y This Instrument Prepared By Robert A. Swisher JY. ~ First Fed vings & Loan Associatio~ - - o ort Pierce , Rlorida 33450 ~ - Checked By g~RK244 P,,~~ ~~8 . ~ ~ _ = _ _ . . , ` ~ . .'1 ~ • . ~ . ~"'1+F4{1NNt' ~ dz - . . , - - ~ _ . . _ _ . . _ ~ w..,~_~.~_.