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Home My WebLink About0154 3. To place and ce~•tinuoualy k~rp on the b~~ d~ngs norv or herza(tm ?it~ete on ~.ud ~and and on all eyu~pmeM ~nd personsliy cove~ed by Ihii mortp- ege, w~th ail pramwms ~hrreon y~.J ~n fuil, f:re u~:,.rance m ihe i~aust sra~~daid po~icy form, in a sum •pp~ov~d by ~he MORIGAGEE, and w~ndatorm insuronce in the usuat st;:~dard po~.iy fo:rn, in a s~•r appro~ed by fha h10RTGAGEE, in wch canpa~p or tanpan:as as tha h10RTGAGEE may d~recr, and •il i~re a~~d w,nJs~o~m ~nwra~~ce poi~c:es o~~ any of sa~d bu~ld~ny~, any intereit theroin or pa~t thereof, in the aggregare sum afweia~d or in exccit lher¢of, ~hall :oni;in ~he ~wai s~a~•dord rno:igagee ciavse or ~u:h o~F.er ciause as Ihe Mo~fgagee may requ~re, m~ling the lou under sa~d polf ues, each and e.~ery, pay.,ble to se~d ~Yl~7RiGAGEE as ~~s intrrrs~ mey sp~ear, and each and eve~y tuth pa~~ty •hall tx prompfly ats gnsd and de~ivered to sny held by sa~d MORIGAGtE es fur~her s_cur~fy ro s~~d n,~r~ga~a d~br, and, not leu t}~ao ten (101 days in advance of the expiration of e~ch poGCy, to de- I~ve~ to sa~d MORTG~IGEE e renrvval tl,arroi, iag_•~hrr wiih a rcce~pf fo~ the p~e~nium o! such renewal; and ih@re ~1.a11 be no 1~re o~ windti~orm insuranc~ plece~ on sny ol sa~d b~ild~ngs, any ~nr~•res~ tharem a part ~he~~of, .,n'eis in ~he (or~n and w~ih ~he toes payable as aforesa~d; and in the eveM any sum ol money becwnes payable uncle~ such po:icy or pol~c~es sa~d MJkTGAGEE sFa!} heve the ophon lo recr~ve and apyly Ihe sama on accovm oi the in~ebte~!- ness setured heceby or to ~ermit sa~d ~AORTGAGORS ~o receive and use it w any pan ~n.r:eof lor o:iie~ purF~oses, w~iho~t 1ha~eo~ wa~vi ~g or ~mpair- ing any equ~ty, Iien or right undrr or by virt~e of lhis n:o:tgage; and in the aven~ aa~d MGRTGAGORS shal) for any teason fail lo keep the said p~emisrs so insurrd, or {ji{ to deGYe~ promp~ly any oi s~+J pul~c~rs oF inw~ar.ce to sa~d MORTGRGEE, w ia~t prumptly to pay fu~ly any premium therefp or in any reipect fail to pe.forni, dacha~ge, e,eecvie, e(fect, con~picte, con.ply wi~h a~~d ab~da by ~hh COV2nan1, «•ny pa~t hrreaf, sa~d MGRiGAGfE may piace a~d pay for such insvrance ot any part ti~r~~ol w~rhoW wa~ving or affr:ting any option, iien, equ~ty, or righf under w by virtue o~ this Mo~tqa9e, and tht fuli amo~~t of each and e~ery svch paymen: ahall be un,ne~±iat~i~ d~e and payable a~~d shall bear ir.trrest from the date thereof until paid at the rate ot ~~ire ~t ten~um pe~ an~wm and to~c•thar v.~ih soch intrrest sha? t~e setu:ed by the litn 01 ~hiS mOrtgeye. i. ?o permit, cornmit or su(fe~ no wasre, impa~imrnt or dctericratio~i o( sa+d property or sny part thereo(. 5. To pay all and singu~ar the coils, charges and exprnaes, indud~ng a reasonab!e astwney's iee and costt oi abstracts of tiNe, incurred or paid al eny li~re by said h10R1~:.AG_E, t~ecause or 1n ihe eve~~t of ~he {ailure on the pan of tne said MORTGAGQR to duly, pror~p!ly and fully per(orm, d~uharqe, _,~ecuta, effrct, comNtete, co nply w~th and ab:Je by each and every the stip~la~:ons, egreen~e~ts, toodiuons, and covenants oi sa~d promissory note and thif :+ortgage any o~ either, and sa~d cos+s, chargrs a+~d expensrs, each end every, shall be immed~ately due and payable; whethe? p not the~e be no+ice de ma~d, attempt ~o coltett o~ •uit pend~ng; and the tul! anx~unf oi each and every auch payment shall bee~ interesl from the date thereof until paid tl tht rate o~ nuie Fxr centum prr annc.n; ~nd all so~d ccsts, cnaryrs and expenses int~rred w paid, together wdh such iNerest, shall be ~Etured by tlro lien of thit mortgage. ~ 6. Thet (a) in the eve~t of any brrach of this Alorigage or default on ti~ part of the MORTGAGOR, or (b~ in the even! any of said sums of money herein refer~ed ro k~t not pror.~pNy and fuily ca~d w~ih~n th,~ty {30) days next ai~er ihe same srvera?ly become due and payable, wilhout demand or notite, or (c) in the event each and every the sti~u~at~ona, agreements, cond,tions and covenants o} ta~d promisaory note sod th~s mor~gage any pr either are no1 iuly, prompily and iullp performed, d.xna~ged, exec~ted, etfec~ed, compieted, compGrd w~th ar+d ab~ded by, then in e~ther o~ any such evem the sald ag gregate wm memwned in sa~d pronusiory nore ihen'rema~ning unpa~J, w~th intera;t acuued, and aU rrwaeys seturtd hereby, shall betome dw and pay- able forthwith, or thereaf~er, at ~he opt~on ol :~~d MOR1GaGEE, as fully and comptetety as i( alI of the sa;d sumi of money were origina{ly supu:ated ro be paid on wch day, any~hing ~n sa:d pro:n•ssory note or in this Mwtgaye to the contrary notwiths~anding; and therevpon w thereaiter al Ihe option of sa~d MORTGAGEE, w~thout nut~cr or demanJ, suit at lew or in equ:ty, th~retore or thereafter oegui~, may be prosecuted as if all moneys secured hereby nnd maturtd pnor to ~ts institut~un. 7. Tha~ in the event that at rhe beglnn:ng of or at any time pendfng any auit upon this Mo~tgage, or to (oretlose it, or to reform if, or to enfwce payment of any dauns hereunder, sa~d htORTGAGtE shall apply to the Court having ~unsd:crlon thereof 1or the appomtmem of a Receiver, such Court ~ha11 f~rthweth anpo~nl a recei.er oF s~~d ma~tgag,d prcperty all and s~.gutar, i~clvd;ng all a~~d sing„ta. the income, prol~ts, ~ssues and revenues from whatever s~urce de:ived, each and e~ery of wh:ch, ~t oe~ng exµressty unde~afoe~, is kere~y morrgaged as if speufically set fonh and dewibed in ti+e granting and hjbendwn c~auses hereof, and such Rece~~er shati have alt the broad and efftttive f~nct.ons and powers in anyw~se entrusted by a Cou~t to a Receiver, and s:.cn appointme~~t shall be made by svch Court as an ad~nittrd rquity ar.d a m.a~rer of absoiute right to said MORTGAGEf, snd without roferente to the - edequacy or inadeq~acy of the vaEue of thr pror~erry mo~~gaged or ta the so venty or ~~savency of sa~d MORiGAGOR or /he defendams, aod that suth rr~fs, profifs, incoine, iswes and reveru~s shatt be appued by such Recaiver atcording to the Gen or equity of said MORTGAGEE and the practice of suth Caun. 8. To duty, pro~,Pr~y and fu!!y perfo.m, d~scharge, e~e;~!e, e~{ect, comptete, c~:nply with and abide by each and every the stipuiation~, agreementt, cor,ditions a.~d covenanrs ~n sa~d promisso: y note ar.d tn;s mortga~e art fo~~h. 9. That in the event ihc owneish~p oF the mortgaged prem~ses, ar any part thereof, Eccomes vested in a person other than the MORTGAGpR, ths :•~RTGAGEE, its s~ccessors ar.d assgns, n.ay, wirhovt r.ot;ce to the h10RTGAOR, deal wirh such wccessw or successw in interest wifh refereoce to this ~ o~~ga~e and t~,¢ deof hereby src~red in the same manner as w~ih Mortgago~ w:thoul in any way viGating or d~schargirg the Mortgayon' fisbility hert ~,rdcr oc uE;on tF,e debt hereby sec~red. No sa:> of the prem~ses hcreby mortgagcd and no forbearante on the parl Of the lAORTGAGEE w iri sutceswrs or asa~gns and no extens~on ot the i~me for the payment of the debt hereby setured given by Ihe MORTGAGEE or its futtessors or au~gns, shall operate ~o rotease, dac2~erge, mod~fy change or aflect the w~g~na! i~ab,l~ty of the MORTGAGOR herein, either in whole or in parf. 10. Ir is sp~c~ficafty ay•red ~hat rime is of the esse~ce of thi~ contract and that rto waiver of any oblgation hereunder or of the obligation se- currd hereby s:~a!~ at erty time thereafter be hef~ to be a wdrrer of the terms hercof or of the instrumeM secwed herby. 1~. in .cid • r} to the io~egc •r~cnt~:ty ,r,ay~r ~n~s ef ~,c ;:al and inrerst requ~red by the prom~ssory no~e secured hereby, mortgagar eovenants d ag~ees fo ;;ay ro ~-crtya j_~s• r..:h ea.n ~~,:;~;~h'y ~,a,• ant .~n ~dd.~~onaf sum esr~mated by mortgagee to be equal to 1 j'12 of the annual cosl of the follow- ' A-AII rea~ proFe!Ty taxes lev~_d or ass~~ss_ci ag3~•~st thc above desu~~~ d real esrare. B--P~;mi~•ns on Fre and r+i~:ds~orrn ~nw'a~ ce as fl_'fC~R reci~ red tp be car(ied on !he improveme~ta s:tua7e On the above described premises. ~ C-Premiun~s or~ wch mortg,ge yua•ar.cy ;r.su-ar.~~ as mo~~gagee shail irom t~me to f;me deem fit to carry on the loan sewred hereby. Mortgagee sha!i f•cm +~~ee ro rirr,e nor~Iy mertyagcr ~n writ~ng of the amount due and payable hereundrr and such sum shall thereupon be due and :>;ab~e on th.: c~~F a,r~ of the ne:t n;o~tf~:; p,~m._~~ t and er:h success~Ye ~r:onth thereafter until martgagee shall nm~fy mortgagor of a change in such o~nt Such sums :f•:~:; k~e ap~~!~_~d t~y n,orrgay•:e ~o.tia•d the payrcer,t of real property taaes, insurance prem,ums, and mortgage guaranty insurance ~•~•emiums. IN YASNE55 ::NER~OF, tne sa~d thORiGAGOR has hereunto set his hand and scal the day and yesr ~irst resaid. ~ Signed, Sealed a:.d de!ive~ed in the presence of: ~~EQ ~ ~J , Sl`l~ e~~~iQ, f`~ Q\ _ n z ~y ' - tE ~OUN~1 ~ _(Sea4 ! j aQGE~ F01t~?S Ken~ t W. Mor a~ se.n E - - ~UI~ COURT ~ ~ ; _ _ C~~itR Ga!f~EO ~ ; • oFCQP~ YE ~ (Seap , -d~i------ Jo ~c M. Mor an ts~,4 ~ Z~ ~a wZ a+ r5 ~ ~ ST:.TE OF FLORIOA ~ COUNTY Of SL.i_..jr.~l~-_ ~ ~ 1~~~` ~2 a ~ Befwe me penonatly appeared _ _ K@flfl@t1] w. MOlC3~11 Joyce M. _Mo rgan his wife, to me well known and known to me to bs ~ +^e individua;s described in and who executed tha foregoing instrument, and acknowledged before me that they executed the same for the purpose~ ~ Jo •ce M. Mor an rnerei~ expressed. And the aaid_ _ S g g +:~fe of the sa~d _ _~(QI1jl~ttl W. Mornan upon s sepa.ate snd privsts ~ . Fx~T~nario~ by me ta4en sepa.ate and apart from her sa~d husband, ac4nowledged to and before me that she executed said instrument freely and volun- ~ •a;~;y and witho~t any comp,,,s~on, consrraint, app~ehe~zs.on,"or ~fear of or from her uid husband. ~ WIiNE55 my hand and offi;~a! seal this_ __..~.~15~ day of_ Decc~mbeZ A. D. 19~_ s ` _ ~ Notary Public in and for t ate of Florida et larpe , y " My Comm~ssion expirer. Retum 70: ~ ri ~ l ' ~ ~ _ firsT Federai Savings d toan Associat~on d ~ Cf iurt P.. rcN. - " Fort Pirrcc, Fl:,n~~~ , . ~ r I'' ~ 3 . . , F , , ; This Instrument ?repared By John W. Collins . ' „ First Federal Savings 8 Loan Association - : ~ ~ of Fort Pierce, Flor ida 33450 ~ . , ; : ~ - - ~ . ~ . ~ Checked BY ~ ~ ; a~ - ' ' ~ ~ - • ~ ~ c ; ; t i'~; - ` ' : ~ ` Y _ t ~ rr~• ~ ~ 1 ~ dz ~ ~ ; . - " - } . , ~ ~a ,<i-' ' ~ k~ . .