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Home My WebLink About0206 3. To place a~d con~inuously kacp on ~+ie bu.:du~s now oc~ hrrealter ~~tv,te on said lar.d and on ail eq~~pment ~nd personaily covt:sd by this morlg~ ws, with •il premivm~ ~hrreon F.a d~n ~ull, hrc E~:w~ance in ~he ~suel su~xJard pot~cy fo~m, in a ~~m approved by the MORiGAGEE, snd w~nditum iniurance in the usual s~..~~da~d ~•o:•cy for~n, ~n a s~~n aFpro:ad by fhe MURiGAGEE, in ~u~h tomp~ny or canpanies a~ the MORTGAGEE may dirett; snd all (irs a~~d vrindaw~m insurante {wl~c~ai cn any of said build~ngt, ~ny interost tAere~~ or pa~f thereol, io tM aggre9~~e ~um ~fpe„~d w in e~cesa thereof, fhall cor~roin ~he usual standard ~nortgigee c~ause or such other clause si the Mat9sges may reyu~~~, makiny tha loss under ~a~d polf cies, each and evmy, pey.~b'a to said AIURTGAGfE af nt ~nterest ~nay appear, arxi each and eve•y tuch po~~cy ~hall be p~omptly ass gned s~d ati~vered ~o any hold by said MORI~,AGtE as funh~r a,:c~nty to sa~d mortgage deb~, o~~d, not le~s than ten (10) deyf in advance of the expiraLOn of each polity, ~o da liver to said h10RTGAGfE a r~newal therrof, IoyNntr w~th a rrce~pl for thr p~e~uum of such ~enewal; and ~here aheil ba no f~re o~ wind~to~m insuranc~ pleced on any of sa~d bu~ld~ngs. any interest therom or pa•t Ihereof, unics? ~n the form a+~d wifh ths lois payable as eforeaaid; and in ~he eve~r any ium oi mcney beca~~es payaWe unJer s~:h policy or poGcizs sa~d MORfGAGEE thall have the opr~on to rec^ive ar:d apply the tame on acceuN of tho ii~Jebted- neis secured hereAy a to permit sa~d MORIGAGORS ~o rece~ve and use it w any part ~he:eof for o~hrr purposes, v.i~hoct fhs~eo~ waivb~g o~ unpain ing any equ~ty, lien o~ ~~yht under or by virtur uf ~his mocraaga; ~+~d in the event sald MORTGAGORS shatl fa any raason fail to keep the said pre~n~irs so infured, or (ail to drl~~er p:ompt~y any of said poLcies of inwrance Ia sa~d MURiGAGEE, or fail pramptly to pay fully any premium ~herefor w in any reipect (ail to per(wm, dnch,rge, execvre, elte:t, ta*~pie~e, comply with and abide by this cavanant, or •ny pa~~ hereoi, taid MORTGAGEE may place snd pay for such inw~~~ce or any parl therrof w~thou~ waivi:~q or affetli~g any qption, lien, equ~ty, or r~ghl unde~ a by virtue ai ~hii Mo~tg~ge, and the full amount ot eacA and e~e~y wch peyr~ant st~all be ~:nmcdiately due and payabte and shali baer interast from the date thereof umil pa~d at the rate ol ninC pe~ cenWrn per ann~~n and to;~rthrr xifh s~th intc•tet shali t;s sewred by Ihe lien of this ma~a].tge. 1. To pennit, comrn~t or w!fer no waste, impairm.nt o~ dcter+orat~on of sa~d property or any part lherewf. 5. To pay al! and s~ng~~iar ~hr costs, chargea and e,pe~~aes. ~ncludin~ a~easonable ar~aney's fee and coats of abstract~ of t~tle, incurred a paid s~ any ti~ne by sa~d MORIGAG'.E, because or ~n the event of tne la~lure on the part of the said MORiGAGOR to duly, pranptly ~nd futly pe~form, d~scharge. exet~fe, eflec~, comple~e, canply w~th and ab,cia by CdC~I and every the stipuiat:ons, agrerments, condit~or.s, and covenants of said promissory note and thl~ mortgage any or e~~her, and sa;d costs, charges and expenses, each and eve~y, shall be immrdiately d~e and payable; whether a not there be n~fice dQ mand, attempt to co:lect or suit pend~ng; and the fu~l amou~~t of each and every such paymen~ shall bea. i~terost from 1he date thereof untit psid d Ihe ~ate o! n:ne pe. crnt~m ~,r~ annv:n; ond all saiJ cosn, cl:arges and expenaea ~rxwred or paid, toyather wnh such intere~t, shall be sKUred by the I~e+t Of thit mwtgage. 6. That {a) in the event of any b~each of this tilortgage or dr.'ault on the part of the N',ORTGAGOR, or (b) i~ the event any of ta~d tums of money herein referred te be not prompily and fu!!y puid w~thin th:.ty (30) days next at~rr the same seve~ally betome due and payable, withoul demand or notite, or (t) in Ihe event each and every the stiputations, agree~nents, cor:d+:ions and covenants of sa•d promiswry note and this mortga9e a~y or either are not iuly, pranptly and f~lly per(om~ed, d~acharged, executed, effected, comp~eted, <ompl~ed w~th and abided Sy, then in either or any such event the said ag gregate sum mrnnonPd in said promissory note then remainiog ~npa~d, with inte~est actrued, and all moneyi xcured hereby, ahall btcome due and p~y~ able fo~thwirh, or thereafr~r, at the opt~on o~ se~d MORTGAGEE, as fully and completely as if alt of the said sums o( money were wlginally thpvlated to be pa;d on such dcy, any~hing in sj.d promisfory nore or in th~s Mortgage to the con~~ary no~+vi~hstand~ng; and thereupon or thereafter at the op~ion of sa~d MORTGAGEE, wifhcut not~ce o~ deina~id, suit at law or in equity, therefore or thereafier begun, may be prosetuted aa if all moneyt setured Ixreby hed matured pnor ro~ts Inshturion. 7. That in the e+er.t tf~at at ~he beginn~ng of or at any t~me pendir.g any s~~t upon this Mortgage, or 1o fweclose it, or to reform it, or fo tnforce payment of any cla~ms he~eu~ d.rr, :a~d MORTGa~`E sha~! apply to Ihe Ccurt Faving jur~sd:.tion thereo! fw the appoiotment of • Reteive~, ~uch Court shall Forthwith appo~nt a recei,rer o4 said murtgagcd propert~ all and singula:, incivd~Rg all and s~ng~lsr ~he income, profits, iuues and revenues from whatever source drrived, each an~ every of wh;ch, u be~og expreasty ~nders~ood, ~s hereby mortgaged at ii speulicaUy sN fwlh •nd deuribed in the granting and habend~m davses hercol, and such Recr~ver shali havc alt the brcad ard eftecnve funct,ons and powe+s in anywise entrosted by a Cou~t to a Receiver, and e:ch appointment shat! be mrde by svch Co~rt as en ad:nitrrd equity and a matter of absotute righl to said MORTGAGEE, and without referente to the adequacy w inadequacy of the value of the propr~~y morrgaged o+ to the so.vency or ~n;un•ency of sa~d N.ORTGAi',OR or the defendams, and that such rents, profits, income, issues and re.en~es shaii be appl~ed by suth Rece~.er accoru~iig to the lien w eq~ity of said MORiGAGEE and the proctite of suth Court. 8. To du~y, promptiy and fully perform, d~scharge, execute, etfect, ce+nptete, comp~y with and abide by each and every the stipulations, agrcementt, conditions and coveran~s ~n sa~d prom~sswy note and this morrgage srt forth. 9. ihat in the eve~t rhe ownership of the n,ortgaged premises, or a~~y part thereof, becomes vested in a pe~son other ihan the MORTGAGOR, the 1,!ORTGAGEE, its successws and ass~gns, may, withovt .~utEce to the MORTGAOR, deal w~th s~ch successor w successw in interest with reference to this mortqage and rhe d=-bt hereby secured in :he same nw:.ner as wiih 11:ortgaga w~lhovt in any way vitisting or diuharg~ng the Nbrtgagori liability herr ;,nder w upon the oebt hereby secu~ed. No sa`e of the Frem~ses hareby nwrtgaged and no forbearanee on the part oi ~he MORTGAGEE or it~ s~ccessws or ass~gns and no extens~on of the time for the payment of t},e debt h~reby sec~red given by the MORTGAGEE or its suttessors or au'sgns, shall optrate ro re~ease, d~scha:ge, mod~(y change o? affect the ory~nal liab~l~ty of the ARORTGAGOR herein, either in whole w in part. 10. It is aoeafical{y egrer.d that timr is of the eeien:e of this contratt and that no waiver of any obligation hereunder or o1 the oblig~Tion sr cured hereby sha~i at any tirr,e ~hereaher be held to be a waiver of the terms hereof w of the instrumero secured herby. _ 1!. In acid~t:c:~ b~He forepong mOnlhly pa~nr=nts of p:~rc:,ai and interest required by the promissory no!e sec~red hereb/, mortgaga! tovenants and agrees ro pay ro ~~.o-~g~~ee .•..:h each rn.nrh y~,ay~ ent an ~aJ.~lonal s~m est~~nated 6y mortgagee to be equal to 1;' 12 of ti~e annual cost of the foifow- ~ng: A-Ait ~eal'prcperty tax:s le,~:d or assessed agi~ or. th~ a6ove des-_nbed « al estate. B-Prem~;,::is on ive eno r,~r,dstr.rn ~nsu-a..ce as her_:n !eq~:red to be carried on the ~mproveme~ts situate on the above described premises. C-Premiu~~s on such mwfg:,ge g~a.anty ~r.s~rar.ce as mo~rgagee sha;i from teme to time deem fit to tarry on the bsn secured hereby. Mortgagee sh.,'J !rom ~,•::r to +~rr.e nc?if~ .v,ort~.,gcr m,vrit~ng of the amount due and payable hereundtr and such wm sha:l thereupon be due and ; ayable on the due ci~!o of r:-:~ nc•.t mo•~!h:~ p~y«~e::t and e~ch iuccess~re month thereaffer ur,til mortqagee shall notEfy mortgago~ of a change in such ~ ~:ount. Such s~ms s~ a:f 6e af:F~'~ed by mcrtga3=.r to.ver~+ the payn:e~t of real property taxes, insurance prem:ums, and mwigage guaranty insurante j p•emiums. ~ IN Y~IiNE55 Y~HEREOF, fne sa~d MORTGAGOR has here~nto set h:s hand and seai the day and year first aforesaid. I I Signed, Seated and detivered in the prexnce of: ~ i _ b l~r`.`+ /s ~ i LED AM ~ aECOa0E0 ~a~ I ~ f~.LUC~E COJMTY FIA. 'Tro Lee F _ RaGEF ?Q~tRAS 5~+4 ~ - - - - CIERK C~NC111T C~~Rt t/1.~ - i PFrO~~ vt~:~GEO Ma2y . [R@ (Sea7 : ~ STATE OF FLORIDA ~[~r ~I~ 'Z 25 • ~ St. Lucie COUNTY OF ~ 32~ ; 2S ~ Before me penonally appeared __.__TYOyI Ci. Lee Mary H. Lee his wife, to me well known and k~own to me to bs ~ the individuals descr~bed in ar,d who exewted the foregoing instrumtnt, and atknowtedged befwe me that they executed the same (w the purpuses ~ Mar N. Lee therei~ expressed. And the said___--_____._- y ~ ~.ife of the w~d TLOY G. ~Re upon a separate snd privats examinat~on by me ta4en sepa.ate and apart from her sa~d h~aband, acknowledged to and before me that she execused said instrument freely and volvr?~ ~arity and w~tho~t any comp~lsion, tonsna~nt, apprehens~on, or fear of w from her said husband. ~ WITNESS my hand and officiei seal this_ dny or_ ~ecember _ ~ p~y 75 ~J . Notary Publ~c in and for th ate of Florida st larye My Comm~ssion expires: ~ ; ~ ~ ? / ~ ReWm To: ' v ~ First Federol Savings 3 lo~n Asso;ianon "r: S Of i~rr P,~-rce ' , . . - ^ Fort Pirrce. Fior:da . ' ~ V ~ . . ~ ~~~~.'1Fi~a,' L'. ~ This Instrument Prepared By RobeYt A. Swisher Jr. -.~~;~f~~~.~~~ V ~ First Federal Savings & Loan Association : - ~ of Fort Pierce ~ F1aYida 33450 ~~,•,'~{~blaN = ~ ; : Checked By~~~~--- - - ~y`•: • ~ , r . 4 i~i , ~y ~ ~ . l~ ~ i.r'1 ! f~i~~•~ f.rlt~ h j;~~`~~IUHM~~~~~,` ~ _ - ~ ` . az f _ . : : - - - - - _ - ~ _ ._E . - ~W n ~