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Home My WebLink About0061 ~ ~ ~ 3. To plac~ and coniinuoa~ity kc~p o~ ihe bu~'.J;r~~ n~w w t~raaher i~~wra o++ acd land ~r+d on ~11 equipmen~ and p~rwnally wver~d by thii mat¢ p~. with atl pramiur?u thereon pa~d in tull, fire i~su~a~ca i~ ti» usval sundard policy form, in a ium approvad by tM MORiGAGEE. and wind~twm in~ura+c~ in tM utiw) atand~~d pol~cy fam, in ~ sum appro~ed by tM MORTGAGEE, in luch canpany w tompu?its ~s 1M MORTGAGEE m+y dinctl ~nd all i'v~ ur! wtndstorm inwrance polic~s on any o( ia~d buildin~i, My inll~Ht 1F1N~in Of p~~l ~MIpI, in tM pyrepaa sum ~fa~u~d or In ~xcws therwf. thall contain tM uwal ita.~dard mort9a~N daus~ u~uch oti?H clavs~'~s IM MutyyN m+y requu~. malunp,th~ loss und~r said po1F ci~s. e+ch and ~ve~V. p+Yabt~ ro H1d MORTGAGEE af its interest may appe~r, ~nd each Md ~very iuth policy shall b~ promptly u~:9r+td and deliver~d ~o ~ny he{d by ~aid MORTGAGEE ~s fur~her security to ssid mortqsQe debt. +nd, nw le~ tMn ten (10) days in advanc~ of ~h~ expir~tan of e+ch policy, to dr (1vM fo uid MORiGAGEE a rtnewal thtrwf, topetlw~ wirA a receipl fw tM pr~miwn of ~uch r~newal; ~nd ther~ shatl be ra iir~ a wlnd~torm i~swanc~ plapd on ~ny of s~id b~ildinps, u+y inter~tf Ihe~~in or part ~hereof, unleu in tM fwn? ~nd with tM lou paYabl~ u ~fa~said~ u+d i~? tM ~v~nl any swn of ma+~y becomes p+YaWe unde~ wch polity or polki~~ iaid MORTGAGEE shsll haw ~ha op~ion to receiw and ~pply tM s~m~ on accovnt oi tM indebt~d n~si fecured Mrsby Or fo permit s~id MORTGAGOR~~.~nd uw it w any part the~eof iw ott~er purposes. withoul thareb/ waivi~~ w~mpair- inp u+y eqviry, lisn or right under or by virtw of thii mort~ape; and in tM ~vent t~id MORTGAGORS ihsl) for any reason t~il lo keep the ~aid prtmises w infwed, a fail to deliver promptly any of said policks of insv.ancs ro uid MORTGAGEE, a fail promptly to pay lully any pranium thsrefw a ii+ sny ~ ~ r~ipect t~'il b pe~~a~n, discharge, execute, effM, complets, comply with ~nd +b'd~ by this mvtn~nt, or ~~y psrt hareof, said MORTGAGEE may pl~u•~nd • pay ta suth irouranca ot u?y part thereof wi~hout waiving or ~ff~dinp ~ey oQtan, lien, equity, a right unda o~ by virtw of this Mwtpa~~, ~nd tM full amo~nt of e~ch and.every such ~yment shal~ bo ~nwncdiately dw and p+yJble ~nd iMll bear interest from tM date therwf ~ntil paid at tha rate oi nine per cent~m pe~ annum and together with such,intaest sMll bs securcd by the lien of thls mwt~ye.. ' 1. To pe~mit, commit ar iuifer no waste, impa'umeM w deter"wratio~ of said property w any p~rt thereof. 5. To pay ~II and ~inpulu the cosh, chsr~es ~nd expenses, includinp ~ reasonable ~ttor~ey i f~e and costs of abstracb of titl~, incwrtd w p+id ~t eny time by said MORTGAGEE, becwse or in thq ~ve~t of ths failure on th~ part of tM a+id MORTGAGOR to duly, promptly ~nd f~lly wrform, d~uha~9~ execute, etfed, compkte, comply with end ab;de by each aod every the stipulat~ons, preemenq, condi~ia+s. ~nd tewn+~ts of s+id prom~ssory not~ and thu mwt9~pe any w eithe~. and sa~d costs, chargq •nd e:pense~, e~ch and every, shall bt immediately due ud paysble; whe~he? w not tM.~ bs notiu d~ , mand, attempt to cotlect or suit pend~~g; and the full amount of each and every such Wyment shall bea? intere~t f~om tM dat~ thsreof vntil p~id at tM ~ rate of nine per crntum pec aru~um; and all said cosn, charyes snd expenses incurred w paid, together w~th such imas~t, ihail b~ Ncwa~i by th~ i~ oi ini~ mwty+~. 6. Th~t (s) in the event of any breach of this Mwtgage o? defautt o~ the pan of tM MORTGAGOR, a(b) in the ~ven1 any of said swns of money herein rofe~red to be not FrompNy snd iully paid wi~hin thiAy (301 days next after the same sererally becane dw and pay~bl~. without demand or rwtice. w(cj in the ewnl each and every ~F+e stipulations, sgreements, conditions and tovenams of sa~d promiuory note ~nd tlus matpape any p t~ther ut no1 ; ~uiy. Na::pt.y a~ fu11y performed, d~scharged, exetuted. effected, completed, complied with and abided by. tMn in either w any ~~ch ~vent th~ said a¢ ~ gregat~ sum mentaned in said promissory note then remaining unpaid, with interest acuued, and all moneys secured hereby, sM~l betome due and p~y~ f able forthwith, or thereafter, at the oprion of aaid MORTGAGEE, as fulty and completely as if ~!I of the said sums of money were orpinally sHpulated ~ to be paid on s~th dsy, anything in said promissory note or in this Mortgaqe to the contrary notwithstandiny; and the?eupon ot thereafter at the option of ? sa~d NWRTGAGEE, without notice or demand, wit at law a in equity, therefo~e or thcreafrer begun, may be prwecuted u if ~II nw~eys s~cur~d hereby ~ had rt?atwed prwr to iri inslitution. 7. Th~t in the eveM that at the be9inning of or af any time pending any suit ~pon this Mwtgsge, or to iweclose H, or to refwm it, w fo enforu ~ payment o1 any-claims hereunderf iaid MOATGAGEE shr1l spply to the Covrt having jurisd~aio~ thereof for the ~ppointms~t of ~ Receiver, such Cou~f sh+ll forthwith appoint a receive~ of sa~d ~r.ortgaged property all and singuls~, includ~ng atl and singulu Ihe income, p~ofits, issues and revenues from whatevK . wures dsrivcd, each and every of whKh, it be~ng expressly ~nderatood, is hereby mortgaged u if sFecifically stt forih and dew~bed in tM prantinp snd %L" . habendum dauus hereof, and such Receiver shail have ~il the broad and effectiva funct.ons a~d powe~s in anywise entrusted by a Court to • Reteiver, and s~ch appointmenl shall be made by svch Court as an admitted equity and a rt+atfer of absotwe righf to.said MORTGAGEE, u~d without reference to tM i adeq~acy a inadequacy of the value of the prope.ty mortgaged or to the wnrancy a insolvency of said N1bRiGAGOR or the defendants, a~+d that ivch ' renrs, profin, incorrse, issues a~d revcnues sMll be applied by such Receiver KC~~f~~119 t0 tIM Ii!!1 01 eqvity of said MORTGAGEE ~nd the practiu of such Court. 8. To d~~y, prompt~y sr.d fuiiy pe~iorm, d~scharge, execuie, eifect, complete, comply w~~h and abide by each and every tM stipulatio~s, agresments, condiYaro and covenana ~n u~d promissay note and this mortgage set iorth. ' 9. That in the event the ownenhip of the mortgaged premises, or any part thereof, becomes vested in a perwn other than fhe MORTGAGOR, ths MO.RTGAGfE, its successws ~nd suigns, nuy, witharr no~ice to the M4RTGAOR, deal with such successw or succr?aw ~.~ieieat w~ch relererxe to this mort~age and the debt heraby secwed 'rn the ssme manner as w"uh lMur!9agor witlw~t in any way vitiatli+Q or d~scMrging the Mwtgsgors' tisbility hert under a uport the debt hereby secured. No ssle of the prem~sea he?eby mortgaged snd no fwbearance on the paA of the MORTGAGEE o~ its wcceuon or assigns and no cxtension of the time for the payment of the debt hereby secured g'wen br the MORIGAGEE w its succeswrs or +ssigro, ahall operat~ to release, d~xharge, modify cherge w affec~ ths oriyinai liability of the MORiGAGOR h~rein, eithec- iA whok w in psrt. 10. It is spec~fically ayreed that time is of the essenc~ of this contract and thit no waiver of sny oblgation hercunder or of tM obliyation ~e- cured hereby shall af any time thereafter be hetd ro be a waiver of the terms hereof w of the instr~ment secured herby. 11. In add~tiar to rhe forego:nc} monthly paymeMS of princ'pal and interest required by the promissory note secured hereby, mortgagor tovenants and agrees to pay to mortgagee with each momhly paynxm an add~rional sum est~mated by mortgagee to be equal to 1~12 of the annual tost of the follow- ing: A-All real property taxas levied or assessec! agai~st the above described real estate. ' ; B-Premiums on fire and w~nd:torm ins~rar.ce as F~ere~n requ:red to be carried on the improvements situate on the sbove described p?emises. C-Premiums on s~ch mortgage guaranty insurar,ce as mortgayee shalt 4om Gme to time deem fit b carry on the loan secured hereby. • NRwtgagee shail from rime to time notify mortgagor in wrifing of the amount due and payable hertunder and such sum shall tF~ereupon be due and payable on the due date of the next monthly payment and each wccessivs month thereafter ur.til rtwrtgagee shall notify mortgagor of a change in such ~ a~eount_ Such sums sF.ali bc applied by mortgagee toward the payment of real property taxes, insurance prem:ums, and mortgage guaranty irnurance ' premiums~ , ; IN WITNESS WHEREOF, fhe said MOR7GAGOR has hereunto tet his hand and seal the day and " t af esaid f Siyned. Sealed and delivered in the presence of: ~ I tEU AMO RECOROEO ~ ~ ~~t, wc~E couMTr Fu?. RGCcR PQ17it?S • n ~ - ~s~e.eJ CIERK C~RCI!?t COURT ~ . - ~ o_ J ry,n ~ RECORO ~IER~FIEO r~ ~ ~sTier " _ rs..q STATE OF FLORID 4~ 3382~i courm oF St . Luc ie ±+~sfwe me personally appeared ~ R~Cb~Yd A Fi~her ~nd TA~ C. Risher his wife, to me well knawn and krawn to me to b~ ' ~ the individuals desvibed in •nd who executed the faeyang instrument, and ackrawtedged before me that they executed the ssme fw the p~nposes ~ ~herein expreued. And the said I=1a C. Rishlt ~ w~te of the ~a~d R1Chstd A Fishez upon ~ separate and priv+t~ = ~ exam~nation by me taken separate and apart irom her ssid husband, acknawledged to and before me that she execvted said irotrument freely and volun- ~ rarily and witF~ovt any compulsion, constraint, apprehension, or fear of or from her said husbar.d. ~ WITNESS my hand and official seal this ~~~t day of r A. D. 19_~. ~ -~L ~ Notary Public ' s fw the State of Florid~ af lar~s t " ~ My Commiss' expires: : ~ Return To: ~ ~ Fint federal Savings d~ loan Associatwn No!a+y Po:~~K, St~t~ of Horida of Lory~ ~ ~ Of Fort P:erce. ASy Comnasior. Expires J~ly 12, 1,~7 t ~ Fort Pierce, fb.ida bndad b~ A:asric~n ~ a e~~ry eo. : ~ ~ ~ _ ~ ~ . ~ ` ~ This Instrument Prepared By RobeZt A. Swisher, Jr. First Federal Savings E~ loan Association ~ . of Fort Pierce, Rlorida _l : . 4 ; • ~ ~ ~ Checked BY ~~1 ' c - t 254 pA~ 6~ - . ~ . . ~ . . ~ ~ sh - - ~ ~K.. _ . _ _ . _ _ _ .