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Home My WebLink About0069 3. To pl~c~ and continuwc;ly kc~p on the buildi~y~ now or M~e~fl~r titvats on ~aid land ~nd on all eqvipmeM ~nd p~rson~lly cova~d by fhis mat~ p~, wi?h all ~xemivm~ thereon pa~d in full, lire insurance irt- tM usual ~tand~~d po~~cy fp~m, in • ~um approved by tM MORiGAGEE, ~nd windstonn iowru?c~ in tM uswl t?~ndard pol~cy fam. in • ~um approved by ~h~ NIORTGAGEE. in wch tomp~ny a corepaoiq a tM MORTGAtsEE may dir~c~j ~nd all fin u+d w~nds~orm iruwa~ce potic~es on any of uid build~nps, ~ny in~~r~s~ ~Mr~i~ or pan tMrwi, tn th~ ay9reys~~ ~um ~torts~id or In ~xctas thereof, shall conta:n tRe LYVS! ate~+dard mor~pa9ee clw~ a such o~ha claus~ s~ tF?~ Matpa~ may rpuu~, makinp IM Iou undN sa~d po1F ci~s. each and wKy. paYabk ro s~id MORiGAGEE ~f ih in~e.e~t may ~ppsu. end each x~d ~vaY auch policy ~hall b~ promptly ai.9ned and d~liw?~d to any MW by said MORTGAGEE as iu~ther saurity to said matyay~ debt, aod, no1 les~ ~haii ~t~n (!Q) days in advann o( tM ~xpiralion of aach policy, fo d? IivN to iaid MORTGAGEE a rcnew~l._~he~eof, IapetMr wifh • rsteipl for the pr~rt+ium of such renewal; and th~r~ ~hall b~ no fa~ w winds~am jnwr~nci pland on ~ny of said building~, any interest th~rein w parl ther~of, unleu i~ th~ form and with tM !w~ pay~bl~ as afwtsaidt +++d in 11» ~v~nt any iwn of mor.~y becwnea payable under ~uch policy a pol~cies aid MORTGAGEE ~hall h~v~ t1?~ option ~o receive snd ~pply ths sam~ on ~ccovnl of tM ind~bted~ . + n~u utur~d he~eby w io pe~mit sa~d MORTGAGORS to receiv~ and u~e it a any pert thereof for othe~ purposes, wi~houl thereb~ waivinp a~mpair- ' inp any pu~ty, lisn or ri9ht ~~de~ a by virrue ot this mortga9e; ~nd in IM ~vent ~aid MORTGAGORS shall fa sny reswn fail ro ketp tM said p~~mises so Inswed, or (aIl fo deliver promptly sny of said policies of insur~nce to said MORTGAGEE, or fsil promptly to pay fully any piemium ~her~lor a in any ; rNpect fail ro perfam, dischsrge, execute, eifect, complete, comply wi~h ~nd ~bid~ by this coven+nl, a ~ny psrt hereof, uid 1NORTGAGEE may pl~c~ •nd p~y for such insurance or any part thereof witho~t waivir+9 0~ ~ffectin~ a~y option, Ikn, equity, a righl u~dx w by virtw of thh Mwt~~, and tM full amount oi ~ach ~nd ev~ry such payment thall be immediately dus u~d payable and thall bsar interest from tM d~te thereof until paid at tM rst~ o~ nin~ per tentum psr annum and together with suth interest shall be secured by tM lien of this mortya~~. 1. To permit, oommit or wffer ~o wastv, impairmonf or deterioration of said properry ot ~ny pu1 thereof. ' S. To pay all a~d tinp~lu the costs, chsryes ~nd expenses, includirq a reasonabk mwney's f~e snd coits of ~osr.:cts of titl~, incurred w p~fd N any time by s+id MORTGAGfE, bccause q in the event of the Isilure on tM part of tF+~ isid MORTGAGOR to duly, p?omptly ~nd fvlly p~rtam, diich+rq~, executs, effM, complet~, comply with and ab:d~ by each and eveay the stipulat~o~+s, agreemenrs, conditana, and covena~b of ~aid promiswry nots and thw mal9a~s any w either. ~nd sa~d cos». chargcs and expenses, cach and every. shall b~ immediately due snd payable: wh~thlr p ~fOf fher~ b~ notiu ds mand, atfempt to mlkct a i:~it pending; and the fuU emovm of each and wery such paymeM ~hall bear interes~ from the dat~ tFKrwf u~Hl pald N the rate of nine per centum per an~~u:n; and all aeid ci.sts, cFarpes and expenses incurred w paid, togelher w~th ~uch intarsst, tFMU be astured by 1M lien of thi~ mortyape. - 6. That (a) in the event of any besch of tha Nlwtgaye or default on the part of the MORTGAGOR, o? (b) in tM ewnl any of sa~d swns of nwnty herein rofared to bs not p~omptly and fully paid within thirty (30j dayi neat sfter the sarne severally becoms due and payabl~, wlthout demand a notite, w W in the event ~ach and evmy ~M uipulatans, agrxmenu. cond~tions and covensnts of s~;d promiuory not~ and th~s mwtpap~ u?y or ~ithK an not iuly. promptly ~~d fulty perfwmed. diuharged. exacuted, effected. complered, complied with ~nd sbided by. Ihsn in either a any such ewM fAt Hid ~ 0~egate sum men!ioned in ssid promissory note then remaininp unpaid, with interest accrued, and alt money~ secured hereby, thsll becane dw a~d pay~ able forthwith, a thercafter, at the option of said AM7RTGAGEE, aa f~lly and compktely as ii •11 of the said sums of nansy wer~ wigin~lly atiputated ; ro be paid on such day, anyth~ng in said promissay note w in this Mortyage to the contrary notwithstandinQ; snd therwpon w there~fter at tM option of t said MORiGAGEE, without notice o? demand, suit at law ot in equity, therefwe o~ the~eafte~ begun, may be prosecuted as if all ma~eys s~tur~d h~eby ~ had_matured pnor to its institution. 7. That in the event that at the beginning of w st my time pending any suit upon this Mortgage, or to fweclos~ if, or to refwm it, or fo enforp ~ paymenl of any cl~ims hcreunder, said MOR~GAGEE shall apply to the Court having jurisd'+ction thercof fa tl+e appointment of • Receiver, svch Court shall (orthwith appoint a receiver ot said mwtgaged property all and singula?, i~clud~ng all and sinqular the income, profits, iswet snd rtverwes from whatever ~ sourc~ derived, each and every of wh~ch, it being expreasly undersTOOd, is Fxreby mortgaged as if specificaily set fath and dexribed in the yr~ntiny and E habendum dauses hereof, and auch Rece~ver thalt have all the brwd and effective functw~s and powers in anywise entrusted by a Cou?t to • Receirer, snd f tuch appointment shall be made by such Courf as an admitted equity and a mattcr of absolute right to said MORTGAGEE, and without reference 1b th~ j adequacy o~ inadequacy of the value of the property mwtgaged or to the sowency o~ insoivency of uid MORTGAGOR a fAe defe~dan», and that such rents, profits, income, iu~es and revenues shall be app~ied by such Receiver accordiny to ~he lien w equity ot said MORTGAGEE and the practiu of such COUf1, f 8. To dufy, promptly and fully perfwm, discharge, execute, effcct, comple~e, comply with and abide by each aod every the stipul~tans, ayreements, cond~t'ans and co,.enants in aa~d promissory noie and this mortgage ut forth. 9. That in the event the ownersh~p of the mortgaged premises, w any psrt thereof, becomea vested in a pe~wn other than the MORTGAGOR, ff» MORTGAGEE, in successors and assiyns, may, without notice to the MORTGAOR, desl with such wcceasor w succeasor in ~nterest with reference to this m.xigage and the deb~ hareby setured in Ihe w~r.e mam~er aa w~lh JKw~gegw wilhovl in any way vitiatiny a diath~rging Ihs Mort9agoti (iabi{ity hero- unde? a upo~ the debt he.eby secured. No sale of the premises hrrcby mortyaged and no forbearence on the psrt of ~he MORTGAGEE o~ its successws or auigns and no extension oF fhe time for the paymenl of the debt hereby secured given by the MORIGAGEE or in successors p auigns, shall operste ~o releaae, d~scharge, modify change a a(fect the original liabiliry of the MORTGAGOR herein, either in whole o? in psrt. 10. It is speuficalty agreed that eime is of the eaience of this contract and that ra waive~ of ~ny obligata~ Ixreu~der or of 1M oblipation se- cur~d hersDy shsll at any tirr.e the~eaher be held to be s waiver of the terms hereoi or of the instrument secured herby. 11. tn add~tion to the forego:ng monthiy payments of princ'pal and i~te~est reguired by the promissory nore secured he?eby, mortgagor cove~snts and agrees to pay to mortgagee w~th each moroh!y pay.nent an add~~ional sum esrimated by mongagee lo be equal /0 1/12 of the annual cost of fhe follow- irg: A-All real p~operty taxes levied or assessrd against the above described reat estate. • - B-P~emiums on fire and windstorm insurance as here~n requ~red to be carried on the improvements situate on the above desuibed premises, C-Premiums on such mortgage guaranty insvrar:ce as mortgagee shall from t~me to tirne deem fit to tarry on the toan secured hereby. j Mpt~gee shall from time to time noriiy mpr?gagor in writ~ng of the amount due a~d payable hereunder and such wm shall thereupon be due and # f paysbte on the due date of the neat monthly payment and each successive moMh the~eafter unti! martgayee shall notify moregago~ of a changs in such ; amouni. Such sums shalf be applied by martgagee toward the payment of real property taxes, insurarxe prem.ums, and morfgsge guaranty insurante ~ premiums. ; IN \YITNESS WHEREOF, the wid /aORTGAGOR has hereunto xt his hand and aeal the day and ye~r first efwes~id. Signed, Sealed and deiivered in the presence of: ~ . f «~~t~a~LL . ~ ,n - ~ j~<< , „~,s~t~5 n tevens ~n ~fir S•~'~Lfi t01~1tT ~ 0 l. ~~RG t?f~~ED~ Je n Stevens ~ n STATE OF FLORIDA / - ~ ~ r~' ~f couNrY oF St . Lucie ~ 338,Z Befwe ms persorwlly appeared -7ohn A. SteVPflS : _le an St e V E'ti S. his wife, to me well known snd known to me to bs s rhe individuats desuibed in end who executed ~he fwegan~ instrument, and s~ :nawledged before me that they executed the same for the pwposes lherein expressed. And the ~a~ .1e an St even s - John St even s , xp~rafe and priv~t~ wife of the taid ' examenation by me taken separate and apart from her said hvsband, atkrawledged to and before me that ahs e:ecvted said instrument freely and vol~x~- tarily and without any compulaion, constraint, apprehens~on, or, fesr of w from her said husband. / WITNESS my hand and official seal this ~c~ day of Jun P A, p. 19 76 ~ -~iE~Ll~-C/ ~ L ~ L ~ ~ .otary Public in ano for tbe SHte of flwid~ ~t Lar~ ~ Rerum To: My Commwsi k~i~pu ~~tr: STA?E of fI.ORIDA N tA~G~ TY ~ Fint federal Savings 3 loan Association ?:t :..:!~~~~~~H ~P~Q~ ~~N. 19~~ ~ Of Fo~t P~erce. '~1 1~ ~ a Fort Pierce, Florida ~ . ~1.~:.: 3 n s J a~ , . . Richard K. K~~,es ' ~ ,....,~~J~~'1% R This I~strument Prepared By ~ ~ " • First Federal Savings 8~ loan Association y p 4~~; • ~ ~ ~ of Fort Pierce F 7 o r i~ a p v ~ f-? 254 P~~ ~ - ~ ~ : ~ ~ Checked By - . ' E i .`~t : : { •s•~•.. ~ • L J 4 ~ T~sr ~ + . ~ _ ~ # ~ ~ - - . . _ _ _ - - - . ~ ~ w . ~s _ ,