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Home My WebLink About1038 3. To plac~ and continuovfly keep on ~he bu~!d~ngs now o~ he~eafr~~ s~tua~~ on sa~d I~nd ~nd oe+ alt cquipment and person~lly covered by this mortQ~ age, with all prem~ums thereo~ pa~d in full, fire ins~~ance ~he u~~al ~~anda~d policy form, in a sum approved by Ihe MORrGAGEE, and windsro~m insur~nc~ in tM u~wl Nandard palicy (am. ie? a aum approved by the MORTGAGEE, in such comp~ny or comps~ies as tM MORTGAGFE may directt snd sll lire ~nd winda~o~m iniura~ce policies o~ any of •aid t,u~~d~~+pa, any inrerest Iherein or par~ thereof, in ~M agyrcp~~~ tum afaesaid w in exceu thereof, thall conain the usual sta~idard mortgage~ tlause or such otF+er clauu ss Ihe Ma~gage~ may requ~r~, makinp Ihe ~aas ~nder sa~d poli~ c~e~, each and evcry, payab~e to said MORTGAGEE as its interest may appea~, and each and every such po~~cy shall be p?omp~~y sss.flncd and de~~~ered ~o any held by seid MORTGAGEE at (urther seturity to s~id mo~tpsge debt, +nd, not le~s ~han te~ (10) days in +dvance oi the expiration of each policy, to da I~ver to said MORTGAGEE a renewal thereof, 1o9ether with a rete~pt Fot Ihe p~emivm ol such renewal; and there ~hall bt ~o fire or winds~orm insurante placed on a~y of said b~ildings, any in~ereil theroi~ a par~ thereof, un+ess i~ the form and with the loss payable as aioresaid; and in the event any sum uf mo~ey bccome~ payable ~nder such policy w pol~ues sa~d MORTGAGEE shal{ have the opt~on Io ~eceive sr+d apply ths ssme on accounl of the indebted~ neas secu~ed haeby o~ ro permil said MORTGAGORS ro reteive and uu it or any part Ihercrot for othcr purposes, ~v~~hout th>~eu~ wai•+i:.g o~ unpa~~- s ing any equ~ty, lien w right under or by virtvs of ~his morsgsye: and in the event w~d MORTGAGORS shall tor ~ny reason fail lo keep ehe u~d premise~ so . E iniured, er fail fo delive~ promptly ~ny of uid pol~cies of insvrance to ~aid MORTGAGEE, w fail promptly to pay fully a~y premium there(or ot in a~y ` respeq fail to perfwm, d~scharge, execWe, e(fect, ton.ptete, co:nply with and ab~de by ~his cove~ant, a sny pa~t hereoi, said MORTGAGEE may p~ace and , pay fw such insurance w any part thereof w~~hout waiving w affecting any opt~on. Iien, equity, or ri~ht u~der w by vi~tue of ~his Matgage, and the • i~ll amount of eath and every such paymeM shal! be immcdiately dus and payabta a~d shall bea~ interest from the date thc~eof ~mil paid at the rate o1 nine per ceorum pe~ annum and to~ether wi~h such iNer~st shall be secured by the lien of lhis matgage. t. To permit, tonunit ot wffer no wasta, impsimient a deterioretion of ssid property w ~ny p~rt ihereof. S. To pay atl snd singulsr the coat~, charges and expc~ses, includ~ng a reasonable attwoey's fee and costs of sbstrsds oF titls, i~curred or paid et any time by w~d MORiGAGEE, because w in the event of tna (a11u~e on ~he pa~t of the said MORTGAGOR to duly, promptly and futty pextorm, d~xharge, executs, effect, complete, comply w~th and ab:de by each and every the s~ipulat~ons, sgreements, conditioru, and covenants of uid promissay note and this n,o~~gage any w e~ther, and sa~d costs, cMrges and expenses, each and every, eha11 be immedialely due and payable; whether w not the~e be notice da mand, attempt to coilect w suit pendirg: and the f~ll amount oi each and every such payme~t shall brar interesl from the date thereof ~~til paid at tht r.~te o~ nine per cenwm ~xr annum; and aU said ccsrs, charges and ex;~nses incurred w paid, together w~th such imerest, shall be iecured by the lien of thif mortgage. 6. That (a) in the event of any breach of this Vbrtgage w defauit on ~he pa~t of the MORTGAGOR, or (b) in the evenl ~ny of sa~d sums of money herein referred to be not promptly and fu!ly paid within th;~ty (30) days next afrer the same seYerally become due snd payable, without demand w notice, er !c) in ~he evertt rach and every the stipulasiona, agreements, conditio~s and covenants of sa:d promiuory ~ote and this mortgage any a eitlKr are nol j~~iy, promptly and fulty performed, d~s:harg~d, executed, effected, compteted, compi~ed with end ab~ded Sy, then in either o~ any such event the uid a¢ grcgate sum mentioned in said p~omissory note then remaining unpa~d, with irorrest accrued, and all moneys secured hereby, shall betome due and pay- sb:e fo:th.~ith, oe thereafter, at the op!~on ef said MORTGAGEE, a: f~Ity and completc~y as if all of tIx said sums of mo~ey were originally stipulated to be pa~d on such day, anything in sa:d promissory note or in this Mo~tgage to the contrary notw+th~tending; and thereupon or thereafter at the option of sa~d MORTGAGEE, without not~ce or demand, suit at law or in equity, therefure or thereaSter begun, may be prosecuted p if all moneys setured hereby n~d metured prwr to its instifution. , 7, That in the eve~t that at the beginn+ng of or at any ~+me pencl~ng any suft upon th~s Morfgage, w to foretlose h, o~ to ~eform it, a fo enforce - - . . . . . _ . . . . . - _ s: _ . : 5.::: rrv > • . . . . ' '....r........ v. o~.~ . fo~rhwith eppoim a rece~~er of said m.ortgaged property all and singo~ar, inc:ud:ng ail ~and s~ngular the incorHe, profib, istuea +nd revenues from whatever s: u~ce derived, rach arxi every of wh~ch, ~t being express:y unde~stood, is hereby morrgaged as if specifically uf\fW(h and ~destribed in the g~aming and h36endum clauses hereof, and such Rece~rer sha~i have all the br~ad and eFiect~ve iuncr.ons and powers in anyw~e entrvsTed by ~ Court to a Receivtr, ~nd r_ :h appoi~tment shaii be made by such Court as an edmitted equity and a matter oi a6iotvte right to said MORIGAGEE, and without reference to the . adequnty a inadequacy of the value of the property mortgaged or to thr soivency or ~nsoirency of said /dORTGAGOR w lhe defendants, and Ihat auch r~~~~s, profits, income, issues arxl revenues shail be applied by such Recriver ac~ord~ng to ~he lien or equity of said MORTGAGEE and the {xactice of such Court. . 8. To auiy, prompiiy and fuiiy perform, discnirge, eaec~ie, eFiect, curr,p+rir, con~N~y w~iF~ erwS 6uiud 5y cecFi or~3 e:csj i~e 37iF.'v~of+3s's, :yree.~~c:~CS, co~ditiom and covenants in sa~d promasory note and ths mortgage set torth. 9. ihat in the event the owne.ship of the mortgaged premises, o~ any part thereof, becomes vested in a person other than the MORTGAGOR, the ~'~RTGAGEE, its successo~i and ass~gns, may, w;tho~t nct~ce fo the 'dORTGAOk, deal with such sutteasor a svctesso' in interest with reference to this ~ o-tgage and the drbt hereby secured in the same manner as wifh 1Aortgagor without in any way vitiating w d~tcF~arging the Nlattgagori liabilify hzre- u~.der w vpon the dcbt F.ereby secvred. No saie of ihe F~tmises hereby mortgaged ar.d na forbeara~ce on the part oi the MORTGAGEE o? its suttessors o* assigns and no earens~on of the Kme for the paymem of the debr h~reby secured given by the MORTGAGEE or its iuccessors w assSgns, shall operate ro re!ease, sl,scharge, mod+fy change o? affect the c~ig~nai liab;lity of the MORTGAGOR herein, either in wF?ole or in pa~t. 10~ h is specifical~y agreed that rime is of the esse~ce of this conuact and that no waiver of any obligation hereunder w of the obligafion se- cvred hereby shall at any time thereafter be held to be a wa~ver of the terms t~ereof or of the instr~ment secured herby. 11_ In aJd~tio~ to the forego:ng momhly payrnents of princ'paI and interest reg~ired by the promissory note secwed hereby, mortgagor tovensnts ± d agrees to pay ro a:ortg~gee wirh each monih!y ;.ay<<:e~t an a~d.ncnal svm ~st~n;a!ed b/ mortgagee to be equal to 1 j 12 of the annual cost of the follow- , i A-AU real property taxes {evied or assess^d ag:~•~sr +he above desaibcd real es~ate. ~ B-Vram~ums on fire arxJ winditorm insuracce as hereio requ~red to be ca:rled on the :mprovemeats situate o~ the above dexribed premises_ I ~ C-Premiums on such mort;,age guaramy ir.sura~~ce as mo~tgagte shaR frem r:•me to time deem fit to carry on the (oan secured hereby. ~ Mortgagee sh;'1 f~am t~~ne to hn;e norify mwtgagor in vvriting of the amo~nt dve and payable hereunder and such sum shall thereupon be due and ~ .•,ab!e on the due date of ~he ~~e~ct month!y payment and each success:ve month thereatter urtil mortgagee shall notiiy mortgagor of a change in such ~ cu~1. Sucfi sums shail be applied by mortgegee tor.a•d the payment of real property taxes, insura~ce prem:ums, and mortgage guaraNy insurarr_e ` •e~~iums. ' ~ IN WITNESS YJHER~OF, the said IdORTGAGOR has he~eunto set his hand arx! seal the day and year first aforesaid i Signed, Sealed and delivered in the presence of: ~ ' fiLEC t~r-_'£~~it1+JE0 Seaq - ST_itfL' : ••3L~j~ fLA. ~ a0 E_~ ' .::l1 CO ~ _ L~'~ (SeaO - a~~r • Y: (Sea4 S~ ATE OF FLORIDA 1 ~-(~~?T 2 14 33 ~ ~1V~~ ~OUNTY Of St . Lucie ~ w` ~ Before me personally aprxared Ger ald R. .~C~dI11S _ Sanura H. HCl~S his wife, fo me well known and kno.vn to me to bs tha individuafs desvibed in and who exetuted the foregoing instrumcnt, and acknowfedged before me tlwt they executed the same for the purposes rnerein expressed. And the said Sandra A. AC~d~iS r::{e of the :aid Ger ald R. Adams , opon a scparate snd private ~ ~`r~m~natio~ by me taken separate and aparl from her said hwband, acknowledged to and before me that she executed said instr~ment freely and volum ?-:iy and w~thout any compulsion, cons~raint, apprehens~on, w fear of or from her said husband. WITNE55 rr.y hand and off~c~al seal ~h~s__ 30th day of Se tember ~ p. ~y7S ~ ` ~ Notary Public in and for tbe State of Florids st lsrge My Commission ~icpiros: ' Rerurn To: :tQTqP.Y Pli^t;r,, STAIE of flOR10A at LARGE First Federal Savi s 3 loan Association Of o t P~erce. '.iY GZ :'.;.:ISSIpt1 El(PIfiE$ IAN. 7, 1977 ~Q sy Air?erlcu~ Saakers Inwraoa Co. Fort Pierce. Fiorida ..U~~1S;!!Itttf/l;~~, ; ; i ` S ~~1;~ This Instrument Pre ared B ~ P Y Richard K. Kayes v:':~ First Federal Savin gs 8~ loan Association ~'s~ r p tYd; ~ of Fort Pierce . } ~ Q" ~ ~.Q ~ , Rlorida - r~ . o • ~ _ ~ • = ' - j:~ 8t ~ ~ Checked By ~ ; ~OS:~"r. .•v~ 600K 244 PACE~039 - 4 ~ ~ ; b p: ~ ~i J; ~ ~ : 4.. ~~%,,,,~,~~t a~ ~t~ ;~~,t . . ~ ~ - ~ - : * = ~ -~-~,a.., , ~.~~v,.~-"_..~,~ r~.:_ .rt_ "`z~*$3~-s=_. .