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Home My WebLink About1645 To place and con~i~vously keep on the bu~!J~~gs now w he~eafter litusl~ on taid lartd and on all equipm~nl ~nd ptrsonally cov~red by ihii mortp~ p~, with ~11 p~tmivms thercon pa~d in fut1, I~re inswsnce in ~he usual s~~ndard poticy iam, in a~um app~ov~d by 1ht AhORTGAGEE, ~~d windt~am inw~~nc~ in ths ~sual s~andard pol~cy (am. in a sum aFprored by ~h~ N~ORTGAGEE. in s~ch con+pany or compu?ip u IM MORTGAGEE may tli~Ktj ~nd all fin and w~nde~orm ~nsurance poLc~cs oo any oI said bu~id~ny~, aey interest tlwr~in or put the~wf, in tM ap9reya~ wm aforeuid a in ~acN~ thereof. iMll conuin the uwal standard mortgagee clause w such othe~ daus~ ~s tM Mor~y+gea m~y requw~, e+s~~~p ~M loss vnde~ s+~d pof~ ` cieb each ~nd every, p~yable ro said MORTGAGEE as ~ts ~nterest may appe+r, ar+d each ~nd ~ve~y tuch policy ~hall b~ pranptly asf.y~ud w+d d~~~v~rtd ro any held by ssid MORiGAGEE ~s fur~her aecuiity to u~d mw~qage debt, and, noi ~ess ~han ftn (10) d~ys ~n ~dw~c~ of 1M ~xpwation o1 e+ch pol~cy, fo d~ liver to ~+id MORTGAGEE a renewal thertaf, ~oye~ha w~~h a receipl ta the premium o( svch renew~l; ~nd ~her~ shall b~ no fir~ or wind~tam iMU?~M~ pl~ced a? ~ny of said building~, •ny imeres~ there~n or par~ ~hereo(, unt~ss in ~he form and w~~h ~M Io~i payabk ss ata~said; and in tM evsnl any tum of mon~y becomes paYablt un~ler such polity w pol~cie~ tsid MORiGAGEE shall have the opta~ to rece~ve end apply tM s~m~ ot~ +ccount of the indtbted~ Mfs secured F~eby or ~o perm~t said MORTGAGORS to receivs and us~ i1 or any part theraof fo? othe~ pu?poses, without Ih~eb~ waiving o~ ~mpah- inq any eq~ity, lie~ or ~ight under oe by virtue of this mo::gage; snd in the event said MORIGAGORS shali fw any ~eason f~il to ke~p the iaid premises w,~ ~ iruured, or (aI! to delive~ pranptly any of seid pol:cies of iniu~a~ce 1o iaid MORiGAGEE, w fail promplly to pay fuily ~ny pr~mium therafor w in anY •espect fait to perfwm, discharge, execute, el(cct, com~!ece, comply with and abide by this covenant, p any part hereoi, said MORTGAGEE may p~~ce ~nd ~ ~ pay fw tuch in~urance o~ any parr ttKreof w~rhout waiv~ng or affactinp any option, li~n. ~qu~ty, w riqht under or by virtw o~ this Mort9a~, and the tull amount o( eath and every such paymenl shall be imrncdiately due a~d paYabls and sMll bear inrere~t from 1Fa dat~ tFKreof until paid ~t tFN raN of oine per cenTUm pe~ a~num and to~nthe~ w~ih such inserest shati be secu~ed by tfie lien of tk~~ moctqape• 1. 1o ptrmit, commit or suffer no wasee, impairment a deteriorafion of aaid property ot ~ny p+rt thareof. 5. To pay sll snd ~inguts? the costs, cM.ges end expc~ues, includirg a reasonabhe sttwney i fee snd cosb of abst~acn of titlt. incuned o+ paid at sny tims by said MORIGAG£E, becauu a in fF+e event of ihe fa~lure on the pan of tM ssid MORTGAGOR ro duly, promptly and fully perfam, dischugR e:ecute, effect, comp~et~, comply w~th and ab:dc bY each a~d evcry the stipulat~ons, yreements, to~d~lions, ~~d mvtnsotf of taid pro+~issory ~?ota and tfiii mptyaye u+y a e~the+, and u~d costs, chargcs and eapenses. cach and tvery, sMll be immediately due and p~ysbtt; whe?her w not there be notice da mu~d, attemFt to collect or suit pend~ng; ~~d the tu11 amovni o~ e+cfi and every iuch payrtun~ iha11 bear i~terest froen ths date thereof unril paid ~t the rate of nine per ce~tum per am~u:n; and all said cosrs, charges and expenscs incu~?ed w paid, together with tuch iMers~t, ~MII be seturad by tht li~n af thit mortpaya. 6. Tfiat (a) in the avenl of ariy breach of th~s Mwtgage w default on the par~ of the MORiGAGOR, a(b) i~ the event aoy of se~d swns of money hNein refe~red to be not promptly and fuliy paid within thirty (30) days ~+ext after the same severalty becOme due and Qay~ble, without demsed or notKe, w(rJ in the evertt exh and e~ery ~he stipulatans, agrcements, cond~tions and covenants of iatd p?omiuwy note a~d th~s ma~p+p~ aey u ~ithe~ ar~ eol iuly, promptlY and lully perfo.med. d~xharged. executrd, etfected. complcecd, compl~ed with ~nd abidcd tiY. tF~n in eithet p aMr wch ~vent IM said ~ gregate sum mentioned i~ said promi:soty note then remaining unpaid, with interes~ accrued, and all moneys secured hereby, sMll betome dw and pay- eble fathwith, w thereatser, at the opf~on of sa~d MOR1GAi',fE, as fv11y and complete~y as ii all of ~he said sums of money were ug~nally stipulated to be pa~d on such day, anything in :a;d prom~ssory note or in this Matgage to the contrary notwithstanding; and ~hereupon w thereafier at the op~~o~ of said MORTGAGEE, without notice w demand, suit at law or in equity, therefae d tfKreafter begun, may be proset~ted u if ~II moneyt secured heteby had rt~a?urld pr~W to its inffitutiOn. 7. That in the event that at rhe beginning oF or st any time pending any suit upon this Mortgage, or to fotKlos~ it, or to teform it, or to Mf te payment of any claims hereur~de?, said MORTGAGEE shall aoolv to the Ca,.~ l.e~~no ~~.~td:~+:o^ N..•e^i t^~'h_"~r_:°e'r"r• • e---:..-_ iwihwnh +ppoim a receiver of sa~d mortgaged propcrty all end s~ngular, inctud~ng ati and ainyui~? the incomt, profits, istues ~nd,?tvenues irom whatever wurce daived, esch and every of whKh, it be~ng expressly unders~ood, ~s hereby mortgaged ss ii specifically set fath and dewibed in the p~+ntirg u+d habendum clwses Ixreof, and such Rcceiver sfiail have sil ~he b.oad and etfective functwns and powers in anywise Mfrushd by ~ Car?t to • Receiver, and s~ch appo+ntment shalt be made by such Court as an admitted equity a~,d a rt+a~ter of absolute r~yAt to said MORTGAGEE. a~d withovt ~eEerence to the adequscy or inadequacy of ~Fx value of the property mo.tBa9ed or to the so:vency o? insOlveMy oF iaid MORTGAGOR a the defendants, and lhat such rents, profits, income, iuues and revenues shalt be applied by such Receiver sccord~ng to she tien a eqv~ty of said MORTGAGEf and tf~e pract7ce of wch Court. 8. To duly, promptly and (u11y perfo~m, discharge, execufe, efFect, co~.~plete, comply with •nd abide by each and every ths stipulations, ~greementf, conditions and covena~ta in sa~d p~or*iissory note and th;s mortqage se1 torth. 9. Thst in the event the ownenhlp of the mortgaged premises, e. any part tbe~eof, becomes veated in a pe*son othe? lhan the MORTGAGOR, the , MORTGAGEE, its successors and assigns, may, wi+hovt roiice to the MORTGAOR, deal with such successo~ o~ sutcessor in imeresl with ~eference to thii mortgage and the debl hereby secured in tfie same manner as wnh Mo~tgagor without in a~y way vitiating or d~scharging the Mortgagors' lisbiliry herr under or upon the debl hereby secured. No sale of the Fremises he~eb/ mortgaged ~nd no forbeuance on tht par~ of the MORTGAGEE u its suctessors w assigns and no extension o} the time for the paym.ent of fhe debt hereby secured given by the MORTGAGEE or its sutcessws u sssipns, shall operate ro releau, dxharge, modify change w affect the orig~nal liab~lity ef the MORiGAGOR herein, either in wfiole or in psr1. ~ $ 10- It is spec~fically sgreed that time is of the esse~te of this contrad and that no wsiver of any obl'~gat~on hertuoder or of fi» obligsYqn se- j cured hereby ~h~ll at any time thereafter be held to be a walver of the tetms hereof p of tF~e instrument ~ecwed ha~by. il. {n add~rion to the forego'ng munthly paym~nts uf princpal and interest requ~red by the prom~ssory nore secured hereby, mortgagw covenants # and agrees to pay to r.w'tgagee with each mc~thly pa~r~~ent an add~rional s~m ett~n:ated by mortgagee to be equal to i f i2 of tfie annual tosi of tF?e folfow- s ~ ing: A-All reai property taxes levied or assessed ag~inst th~ above desa~5cd reat esrate. - B-PreR:iums o~ fire and +findsso~m insurar.ce as here~n requ:reci to be ca~ried oo tFw +mprovemeats sitvate on the above deu~ibed premises. C-Premiums on wch morrgaqe guaranry ir.surar:ce as mortgagee slu~l from t~me to time deem fit to urry on the loso setured hereby. N4ortgagee shail lrom nme to time not~fy mortgagor ~n w.~nnq of tke amount d~e and payable he~eunder and such sum shall lherevpon be due and ~ payable on the due date af the ~ext rtwnth!y payment and each successive manth thereafler urtil mwlgagee shall notify mortgagw of s change in such amount. Such :ums sF.all tx appGed by mortgagee tovfard the payment of rea= property taxes, intu~ance prem:vms, and mortgage guanMy inwr~nce prcmiums. IN Wt1NESS WMEREOf, tFx said MORTGAC,UR has hereunto xt his hand and seal the day and year first atwesaid. i Signed. Sealed and delivered in the presence of: s+~a ~ti. ~_~:z~a ~c..: h '~I /S . sT'-~~,~ ~ ",,~ry~~ H rd R. Bro ,4~ _ ' c,F~ . :v~' ca~~, :t,:f~~~• ' ,5:~1 ~se,q - d `'Kr{'"^ - ~ Barbara C. Brown ` (Ses~ STATE OF FlOR10A ~ ~ ~ ZB ~ couNrroF 5t. Lucie ~ ~it...~~ ! eefwe me pcnorwlly appeared Howard R BYO'IrD ~~.va~ ~ and E Barbara _ Brawn his wiie, to me well known and krawn to me to be € ° the individvals deuribed in and who executed the foregoing instrument, and acknowledged before me that they exec~ted the same fw ihe purpose~ ~ therein e~~.e~d. a,d trk Barbara C. Bro~m ~ wife of the ~;d Ho~a=d R. BIOiIr1 upon s sepsrete ~nd priv~te ~ e:amin~tion by me taken separa~e and apart from her said husband, atknowledged to snd before me that she exetuted said instrument f?eely a~d volurr ~ ~arily and witho~t sny compulsion, constraint, apprehens~on, or fear of or irom her wid husb~nd. ~ WITNESS my hand and official seal this day of ~CtObeY _ a p. ~q 75 ; ~ s • ; Notsry Pubfic ie ~nd fa t ate of Flwid~ ~t l~rps i $ My Commiu'ron expires: 1 O• ~ g Return To: 3 ~ Fint Federal $avings d. loan Associat~on ~ Of Fort Perce. l .,~~t;t!:tt};~~*.~,f Fort Pierce. Florida .ti ~~j~l`~ ~~,...'.L, r. t S ~ ~f.y ~ ~ Donald fi. Hughes : . ~ % ~ ~ This Instrument Pre~ared By . ~ ~ , ~ , • ~ r r ~ •s First Federal Savings 8 Loan Association. ; of Fort Pierce , FloY ida 33450 f! N 1` ~L'': r~~ ~ 0 Et ~ Checked By gv~K 244 P~IGE1646 ~ ~ ~ ~ ~ dZ - - - _ ~-4~ ~ F1 _ _ . _ Y - ~-~~.~-~~~:14~___:_