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Home My WebLink About0589 ~ - 9. To place and continuously kecp on the bui!d~ngs now o~ hereat~~r situete on iaid I~nd a~d on all puipmeM and pawn~lly cov~~~d by thii mor~Q~ , p~, wi?h all pr~miums thereon pa~d in full, fire insur~nce ~n the vtual ~tandsrd policy (orm, in ~ tum apptov~cl by IFw MORIGAGEE, and windslwm c insu~ant~ in Ih~ usu~) standa~d pol~cy for~n, in a sum •pproved by rh~ MpR1GAGEE, in tuch company or companiy as th~ MORIGAGEE m~y dinct; ~nd all /irs ~nd ~w~rxJi~orm insura~ce poi~cies o~ sny of sa~d buitd~npl, Iny 1NRtNt thNlin Ot pifl IF?Crpl, to tlr pprpa?~ wm aiaeiaid o~ in ~xcess IAueof, ~MII co~t,i~ the usval standard mor~9ayee cla~se o. such otha clauis ~s tAs MwlyagN may ~pvu~, nuMinp fM bsf undM s~~d pol~ cies, ~ach ~nd `every, payab~e ~o ssid MORTGAGEE aa ~ts interest may appear, a~e1 each ~nd every ~uch policy ahall b~ prompdy ~u.yneJ an6 d~Uvaed to ~ •ny held ~y said MORTGAGEE ai iurrhe~ sacurity ~o saiJ ~~a~gage debt, and, not Ieu ~Me ren (10) dsyt in adwnct of tM ~xpiratian of each policy, to dr ~ivs~ to ta+d MORiGAGEE a renrwal Ihereof, logethsr with a rece~pt (w the premium of such renewal; ~nd the~e thall b~ no fin or windsto~m inturanc~ plated on ~ny of said build~ngs. any intereit there~n w par~ thereof, ~nless in ~he form end with tM loss payabk as ~fa~s~idj and in tM ~ven1 ~~y t~m oi mon~v becomes payable unde~ such policy or poliues ssid MORTGAGEE shall havs the option to receive and ~pply 1M sart~ on ~tco~nt of the ind~bted- neu secured herQby w to permit said MORTGAGORS to reteive and use it o~ any pa~t thcrcof fw othcr purposes, w7thouf thtreb~ waivi~p o~ wnpair- ~ng ~ny eyuity, licn or r~gh~ under w by virtue o} this mo:epape; and in tM event ia~d MORTGAGORS shall fa ~ny rtason fail to keep tM said prsmisef w , insured, w fail to delive~ promptly any of said pol:ciai of insurance to sald MORTGAGEE, w fail promptly to pay fulty ~ny premium therefw w in a~y respect (ail ro pertorm, d~scharqe, executa, e(fec1, complete, comply wi~h and ab~de by thii covenant, w any psa~ hereof, said MORTGAGEE may pl~ce ~~d pay fo~ t~ch iniuranca w any part lhcreof without waivinp w affecting any optian, lien, tquity, a?ight under a by virtw of this Mat9~y~, ~od the full amount of each and every such payment ahall be immediattly due and payable and shatl besr interest from th~ dar~ thereof until paid at tM ~~ts ol nine per centum per snnum and togrther with tuch intere:t shail tx s~~cured by tF~e lien of thii morlp~ge. ~ 4. To permit, commit a su(fer no waste, impai~mrnt w deterarat~on of iaid prope~ty o~ ~~y parf thereof. 5. To pay all and singular the casts, cMrges and expenses, including a resson~bls atto~ney i fee u~d costs of ~bstrach of titl~, incurred w p~id ~f eny time by wid AhORTGAG'E, because or in the evem of the failure on the p+A of th~ said MORTGAGOR ~o d~ly, promptly ~nd fully ps~iwm, dischar~, eaecute, effed, comple~e, comply w~th and ab~de by each and every the stipular~ons, agreements, conditions, and covenann of Nid promissory note and thi~ mortgage any or ei~her, and sa~d costs, charges and expenses, each snd every, shall be immediately dw and pay~ble; whethsr p not there b~ not~ce ds mand, attempt to cotlect or s~it pend~ngs a~d rhe full amount of each ar+d e~e?y wch paymenl shall bear interest from tM date Ihereof until paid ~t the rate of nin~ pm centum per ann~m; and all said costs, charges and eapenxs incvrred w paid, logether with suth interest, shall b~ Ntuted by ths IiM of thif mortpags- S. That (a) in :he event of any b~each of this Mortgage w default on the part of the MORTGAGOR, a(b) in the event any of said sums of monty hcrein refe?red to be not prompfly and f~lly paid wi~hin thirty (30) days neat at~er the same sevc~ally become due and payable, withoul demand or notice, or (cy in the eveM each an,! every the stiputatlons, agreerrKms, conditions and tovenaots ot sa:d promissory not~ and th~s mortpa~ any or eit1+N an nol ~uly, prpmptly and fully pertwmed, d~scharged, executed, effectcd, compteted, complied with and ~bided by, then in either w ~ny such ~wnt th~ said gregate wm mentiorled in said promissory note Ihen remaining u~paid, with interest accr~, ~nd all moneya seturld haeby, shal) blcWne du! and pay- abte torthwith, or ~heresfter, a~ the option o( said MORiGAGEE, as ivlly and completely aa if all of the said sums of ma~ey were wiyin~lly sNpulated to be paid on a~ch day, anything in sa:d promi:swy ~ote w in this Mwtgage to the comrsry not~nrithstsnding; and thereupon a there~fter at the option of said MORTGAGEE, without no~~ce w demand, suit at law w in equity, therefe•e ot thereatter begun, may be prwecuted as if all money~ iacurad hereby had matwed pnor to its insritut~o~. 7. That in th~ event that at the beginning of or at any time pending any suit upx+ this Mortgage, or to forectosa h,~w 1o nform it, or fo enfwte payment of ~ny claims hereunder, said MORTGAGEE shall apply ro the Cou.t having ~u~~sd:crion thereof for the appointq~ent of s Wcavet, suth Court ihall forthwith appoinl a recciver of said mortgaged property all and sirx~ular, inclvd~ng all and sinqufar the inoom~, p~ofiq, issUq ~nd r~venws from whatever source derived, eacA and every of wt~:ch, it be;ng expressly understood, is hereby moregaged as if spetifically stf"fotth ud destribed in the 9rintinp and habendum cleuses hereof, and such Receiver shatl have all the broad and eHocrive funct~o~s and powers in anywise Mtrvsted by a Cowt fo ~ Reteivsr, and s~ch appoiniment shall be made by such Court as an admittrd equity and a matter of absolute r~ght to said MORTGAGEE, and without ~eferente to tM edequacy a inadequaty of the vatue of the p~operty mortgaged or to the soivency or insolvency of taid MORiGAGOR d the detendants, snd that ~uch rents, profiri, income, issues and revenues shall be appl~ed by such Receiver accord~~xJ to the lien a equity of said MORTGAGEE s~d the practice of such Court. 8. To dvly, promptly and fully per(orm, discharge, execute, efFect, complete, comply wi~h ;nd abide by each and every tht itipulatiau, agreementt, i~ conditiOns and covenan(s m aa~d promissory note and th+s mcrtgage xt forth. 9. That in ~he evem the ownersh~p of the mortgagcd prem~ses, or sny part thereof, becomes vested in a p~rwn other than fhe MOR.TGAGOR, ths MORTGAGEE, its successors and assigns, may, without notice to the MORTGAOR, deal with suth successw ot succeuot in inierest with reference to fhis mortgage snd the debt hereby secu~ed in the same manner as with Nbrtgagor without in arty way vitiating a discharping fhe Mwty~gprs' liability hera ~ ~nder w upon the deb~ hereby secu~ed. No sate o! the p~emixs hereby mo~tgsged and no (wbearance on tM part of the MORTGAGEE o~ its suttesswi or ass~gns and no eate~sion of the time for the payment of the debt hereby setured ~iven by the MpftTGAGEE or iri tuctessors or aui9ns, shall operat~ J to releese, d~uharge, modify change or affect the orig~nal liab:t~ty of the MORTGAGOR herein, eilher in whole or in psrt. 10. It is specificaily agreed that time is o( the essence of this contratt and Ihat no waive? of any obligetion hereu~der w of tht obli9ation se- ~ cured hereby shall at any time thereafter be held to be a waiver of the terms hereo( or of the instrument secured herby. ~ , 1 i. In addnio~ to the foreyo n9 monrhl} payments of princ paI and inrerest required by the promissory nple setured fiereby, mortgsgor covenanti ~ and agrees to pay ~o mo:tgaqee •tiith each ~nonthly pay~,~ent an add~rio~al sum es~:m.ated by mortgagee to be equal to 1/12 of the annual cost of fhe follow- ~ Ing: ~ A-All !eal proper•y taxas lev~_d or a:sessed agai~st thc above descrited real estate. ~ s B-Premi~ma on fire and wir.ty;t0'm insurar,~e ac here~n requ~red to be carried on the improveme~ts sifuatt oo the above desaibed premises. ; C-Premiums qn such mortgage guaranty insur~cce az mortgagee shatl from. rme to time deem fit to tarry on the loan secured hereby. ? Mort a ee sfia~l from'f.~A to t:me ne!i{., mort^a cr in xr;t 1 i 9 9 , y g +ng cf tha arount dve and payable F?Neurxler ~nd such wm shall thereupon be due and Fayable on thr d~e date of the next month:y paym:nt and each successive month thereafter urtil mortgagee shall notify mortgagw of s thange in such e~ e a•»ount. Such s~_ms sha~l be app;;ed by mortgagee tovvard the payment of real propeAy tazes, i~surance prem;vms, and mortgsge guaranty inwrarue , premiums. (1 IN WITNE55 WHEREOF, the said MORiGAGpR has hereunto set his hand and seal the day a y r fint afwesaid. - Si9ned, Sealed and delivered in the presence of: 17/~ C"wil" f i' > U r. r.: v;t 0 ~ l„~~vv• ~q . - - ST: tuC ~~M71f ftA_ rr a~ ~`~r.-- .~+-F,~c ~ - ~ ~ ~~~nr- v~~: ..OU~ R_~_ Bulah M. Sha~? ~se.q ~ STATE OF FLORIDA ~ 2 C~ ~u COUNTY OF St. Lucie ~ J' ~ ~ ~ Befwe me personally appeared HarYY,J Sharl ~1~~ j~ ~~i Bulah M. Shaw his wife, to me well known and known to me to b~ the individuab described in and who executed the fuegoing 9nstrument, and sclcnowledged before me that they executed the same fw the rt+rposet , rh=rein exprased. And the said BUldtl M. Shaa wife of~ the ,~;d ~ Harry J. ShaM upon a uparate and privst~ • examinstion by me taken separate and apart from her said husband, acknowledged to and befwe me that she execvted said inst?umeM }reely :nd volvrr rarily a~d w;thout any compulsion, con3traint, apprehens~on, w fear of or from her said husbarxl. WITNE55 my hand and official seal this_.. ~o ~ day of Sentember , A, D. 19~~ . - ~ . Notary Public in and fw the te of Flwida ~t lar~s My Commisian expires: Return To: ' First federsl Savings d loan Assc-iation O( iort P.e:ce. ~ d Fort Pierce. ~lcrida Mo~ory ?°b~• ~OM e4 ~p. 117f ~ Gomin;ssew Expns bnded br M~+ioon Rn b Co~uoltr Co. ; ,t'-;~ • . ; This Instrument Prepared By Donald B. Huqhes r." ; First Federal Savings 8~ Coan Association , ~ ~oF Fort Pierce , Florida 33450 ~ R ~44 .,':`"3~ • _ ' Checked B _ BOQK PaCE ~Vt`~ 1 `J ~ - • . . . - - ~~r ~ - . ~iian~+~~ d2 ~x ~ - - - - - - - - - ~ - - - - - ~ ~ x _ ~t-~~~-~~'E. ~ e. . , ~ ~