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Home My WebLink About0316 3. To pl~ce a~d con~inuouily ke~p on ths b~ilJinps now or Mreaft~r ~itual~ on aaid I~nd and on all equipmtnt ~nd p~rwn~lly tover~d by Ihit monp~ p~, with all p~emiu~nf thereo~ pa~J in tu~l, fire insutsnce ir? ths uswl ~tandard poticy form, in a sum •pprov~d by the MORfGAGEE, +~d windstorm InwrMCe in tM uswl uandard po1~q form, in ~ ivm ~pprov~d by sh~ MORTGAGEE, in wch company or companits a tM MORTGAGEE may ~ d'u~ctt +nd all fire and w;nciitorm iniuranca potK~as on ~ny of ti~id buildinps, ~~y inte~e~l therein or put IMrtof, in tM +~req~t~ sum ~to~tsaid a M ~xcea Ihcreof, ~Ful) comsin tM uwd ~tandard ma~ga9N claus~ a wch ofher claus~ a~ tM Matp~yN m~y requu~, makinp IM lou ~+~der a~d poti~ y payab e , ci~?. each u?d wer . ! ro said MORTGAGEE as iq in~e~es~ may appsa~, and each and every tuch policy ~hall be prompdy au:9ned and d~~~vlr~d to ~ a~y Mld by said MORTGAGfE as (ur~her security ~o ssid mortpafle debf, and, ~o? I~s~ IMn t~n (10) days in adva~c~ of th~ •xpiration oi ~ach polky, to d~ IivN ro said MpRTGAGEE a'renewal rher~ol, topathK with ~ rec~iFt fa the pr~mium of such renew~lj and tM~~ ahall be ro(u• w windatorm iruut~nu pl~csd on ~ny of said buildin~s. any inte~eit therein a put thereo/, u~leis In th~ form and with th~ ~ou pay~bl~ as afw~saidj a.~+d In tM ~vtM ~ny tvm of money becom~s payabt~ undsr such policy or polKies wid MORTGAGEE shall havs tM opt~on to receiv~ and ~pply the iam~ oe~ accouro of tM ind~bted~ Mu secured htreby w w permil wid MORTGAGORS to receiw and u» it a any part tMreof for other purposus, wirhout the~eo~ waiviny ot impsio- irg any aqu~ty, lien w rght under or by vir~ue of ~his mo:tpape; ~~d in the ~vent ~a:d MORTGAGORS shall (o~ ~ny i~sson fail ro ke~p /M s~id premisq so inwred, or fsi) b deliver promplly any of said policies of in~vr~ncs to said AM1ORTGAGEE, ot (sil promptly to pay fulty ~ny premium therefpr pr In a~y '-J rsspect fail ro pe~fam, d~xM~ge, execuse, effact, complete, <omply wi~h ~nd abk~ br this covena~b or any part hereof, ~id MORTGAGEE may placY and ~ l pay fo~ auch insur.rKC o~ a~y ps~t thereof wi~hout w~ivin~ or ~ffectirq any optian, liea, eQuity, w righf under a by virtw of ~hii Mwtya~, ~.?d the full amount of each and every such p~yment thall be immedwtely dua and payabls and thall beu interest from Ihe dH~ thereo( un~il paid ~t ti~e rat~ ol ~ ~iM ps~ tenlum per annum and together with tuch interest sMl{ be securad by the 1i0~ of th;s mor19s9e. , • 1. To permil, commit or auffer no was?e, impairment or detet~o~ation oi said property or any psA thsrwf. S. To pay'all and sirgular the cwts, charpes and expensei, includinq a reasonable attwney'~ fee and costt of abstrad~ of titl~, Mcurrad w p~{d a1 sny time by said MORiGAGEE, becavse or in the event of tht failure on the part of thi uid MORTGAGOR to dv1y, prompNy !nd fully perform, di~thuqR execute, eifecf, camplefe, comply w~fh and ab~de by ~ach and every tl?~ ~tipulationa, agreemen», conditions, and covensnts o( a~id promiuwy not~ and thit mortyage any p ei~her, and uid coses, cMrges ~nd expenses, each end avery, sMll b~ immediately dw and payablr, wheiher a not ther~ b~ notiu d~ mand, sttempt to collcet or wit pcnd~ng; ~nd Ih~ full amount oi each and ~wry svch paymenf ~hall bear interest tran 1M daN tMreof u~ril p~id ~t N+e rate oF n;ne per cenwm per an,~um; and all sa~d cos~s, cMrges and expenses incv~red or paid, toge~her w~th such interest, shatl b~ securcd by ths li~n of thit mortpage. • • . 6. Th~f (a) i~ 1he event of any breach of this Mo+~gage w defaul~ on the part of ths MORTGAGOR, w ib) in the ~vent any of ~a~d wms of rrwney herein referred ~o bs rwt promptly and fully paid w~rfiin thirry (30) days next sfter the same ceverally become d~e and payable, withoul demand w twtice. o~ ic) in the event each and ~very the stipu:stions, agrecmentf, cortditions an~ covenam~ of said promiuory nore ~nd this mwtpv~e a~y w aithtr are nol ~vly. p~omptly and (ully perfwmed, d:uhar9ed. executed, eftecled, completed. compiied with and abidcd by. thae io eitF~tr q~ny such evem Ih~ said ap~ gregate sum mentioned in said promissory ~ote lhen remai~irg u~paid, with interest sccrued, and all moneyt setured 1?ertby, sh+lt become dw and pay- able forthwith, o? thereafter, at the oprion of said MORTGAGEE, as fully and complctely as if •11 of the said sums of money were aqinally stipulated _ to be paid on such dsy, anything in said promisawy note or in this Mortg~ge to the contrary notw~thstanding; artd thereupon p thereafter at the option of ia;d MORTGAGEE, without notice a demand, suit a1 law w in eqvity, therefwe w thereafte~ begun, may be prosetuted as ii ~II mpKys s~cwed hMeby Aad matured prwr to iri institut~on. 7. Tha? in ti~s evenr that ar ~he beginn;ng of w et s~y tirt?e pendinq any suit upon this Mortgage, w to foretlose it, a to reform it, a fo enfap paymc~t af any claims hereunde~, seid MARTGAGEE sM1t apply to the Cour~ having junsdfction thereot for the ~ppointment of s Receiver, such Ca?rt shatl Fo~thwith appoint a receiver of said mortgaged property all and singular, includ~ng alf and •ingular the incwnt, profitt, issves and revenuea from whateve~ ~ource derived, each and every of which, it being expressly understood, is hereby mortgsged at if sp~ciiically wl forth and dewibed a~ the pranting and ~abendum clauua hereof, and such Receiver ahall have all the broad and effecrive func~~ons .and powe.s in anywise entrusf~d by a Covrt to a Receiver, and •vch sppointment shall be made by such Court as an admitted equity and a matter of absoiute right to said MORTGAGEE, and without ra(trerKe to tM adequaq a inadequacy o~ the vatue of the propcrty mor~gaged o~ fo the so~vency w i~:olvency o( said MORIGAGOR or the defendants, and that such rents, profin, income, iasues and revenues sAalt be applied by such Rcceiver according to the lien « equily ot said MORTGAGEE ~nd the ptactice of wth Court. 8. To du!y, promptly and f~lly perform, d~scharge, execute, effect, ~complete, comply with and abide by each and every the stipvlations, ag?eemenri, conditions a~d covenants +n u~d promissory nete and this mortgage se~ fwth. 9. That 7h the event the ownership of the m.ortgaged premises, or any part thereof, becom~y vested in a peraon other than the AIIORTGAGOR, tht h'ORTGAGEE, its succeuon ~nd su~g~?s, may, without no~ice fo the MQRTGAOR, deal with such successor or sutcessor in interesl wilh referente to thia mortgage and the debt hereby secured in ihe same man~er as with Mwtgaqa without in any way viti~tirq a dixha~ging the Mwtpsgors' Gability here- under a upon the debt hereby secvred_ No ssle of the prem~ses hereby mo~tgaged end ra fwbearonte on the part of the MORTGAGEE w in suctesson or assigns and no extension of ~he r~me fw ths paym.ent of tha debt hereby secured 9iven by ~he N10RTGAGEE or its _successus w au~gns, shsll operate to releax, d~xharge. mod;fy change or affed the wig;nal Iiab~l;ry of ~ht N~ORTGAGOR herein. either in whde a in pxt. 10. It is specffically agreed tha~ rime is oi the esicr+ce of this co~uact arid that no wsiver of any obtipar~on hereunder or of tM obl'~gation se- cured hereby shall at any time fhrreafter be held to be a wairer of the terms hereof o~ of the instrument secured herby. I l. In add~tio~ to the fo~ego:ng montnfy paym,nts of princ'pal and interest required by the promissory nore secured hereby, mo?tgsgor coverwnfs and agrees to pay to m.o:tgagee v,r~rh each month{y pay~nent an add~rionai sum estimated by morigapee to be equal to 1/12 of ihe annual cost of the follow- ing: A-AII real property ?aaes tevied o~ assessed agai~st thc above described real estate. ~ B-Prem;ums on fire and windsto*m ~nsurar.ce as herem requ:.ed to be carr~ed on the ]mprovements sauate on the sbove dexribed premises. C-Prtmiums on such morrgjge ~uaranty insurar~ce as mortgagee sha~l .from lime to time de9m fif to carry on the Ioan secuted hereby. Mortgagee sha!I 4.om time to t~me norify mortgagor in writing of the amo~nt dve and paysble hereunder and such wm shall tMreupon be dix and Fayable on the due datc of the nexr monthly payment and each 'successive rtsonth thereafter ur.lil mortgagee sha11 notify mprtgagor of a change in such amount. Such s~ms sl:ail be appt~ed by mortgagee toward the payment of reaf property taxes, insurance em~ums, and mottgage guaranfy insur~nce ~ premiums. - IN WITNE55 YlHEREOf, the sa~d MORTGAGOR has herevnto xt his hand and seal the day and e first efwesa~ Siyned, Seated ar.d delirered in the prexnce ofe - ' f~p 4~ ~tEtti~tOE~ ~ f1 i~CiF ~.O!lMTY f~~. ~ ~ ~ - A~~« -:~,TR~S wi lia~ A. t lze ' c~f~~. ~~s~~~~s ;~u~r n ; .E ~?CURLYEE~at~~~~ Sussn W. S olt ry ; e ~:Q ~ STATE Of FLORID 4~'l ~M'1~ ~ couNrir oF St . Luc ie ~ 33841.f ~ j Befwe me penonally appeared w~111E7~ A. $tOlZel' u?d ~ SLiSt~l w. St0126r ' his v.ife, to me well known and known to me to bs y rhe individuals dewibed in and who executed the foregoirg instrurrKnt, and acknowledged befwe me that they executed the same fw the purposes ; therein ticprcsxd. And the said SUSSIII W• $tO1Ze1 ; wife of the said W liia~ A. St012@! • opon . ~ep..,r. .na p:n.t~ f e~aminat;on by me taken uparate and apert from her teed husband, xknowledged to end befare me tlwt sF~e exetuted said instrument fretly and voluo- ~ tarily and without any computsion, constrai~t, apprehension, w~, (fesr of or from her said husband. i WITNE55 my hand arx! official seal this-_:.z~~_ day of JuA@ A D. 19~_ ; Notary Public in aq fo e Sute of Fbrida at l~rp~ ~ Returo To: My Commiuion ef ires. s Fint Federal Savings 3 loan Association ~Qry p~~~., S~y~ of Norido o! lnr!~ Of Fort P:crc>. ~ ~ C~p~~s~~ ~p;ra Jvh- :T, 19~~ I Fort Pierce, florida ~ ~ {ond~d by Artwrican fity 6 Gu:Ldtr CA. 3 1 „ ; This Instrument Prepared By ~ry R. Bllwc?Od `~%~'`R~;. ' . t.~ir. ~ • i: First Federal Savings 8 Loan Association .•:.~,y, . of Fort Pierce~ Rlorida ;L': _ ~ : ; Checked By ,b;~• f r~~ ~6F ~ ~ = ~ ~ , , ` ; ~ :'r. ~ _ j~ ; _ tti=. ' 3 ' : . . ` V; •~'C sh j~~~~~ls:~ttt1~A:'• . ~ ! . • ~ , , - - - - ~x~~~,~ , 4 ~ 4 .~rn.,_:c.:.....~~_.._ ....~v..__.. . . _ r.*.E~ ~„2.