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Home My WebLink About0607 3. To place and continvovaly keep on tne bui!d~ngs now or hereaiter ~ituate on ~aid land snd on alt equipment and persa+a~~y covwed by Ihit mal~ ~g~, w~th all premiums thercon pa~d ~n full, fire ins~rance in tha utwl standard polity for~n, in • ium •pprov~d by the MORIGAGEE, and wind~twm insur~oc~ in tM usual ~iandard pol.q tam, in + ium apprcvad by tM MORTGAGEE, in such company or companisf u tM MORiGAGEE m~y dired; a~d alt li~e a:~d windttorm insuronce poi~c;es on ~~y of taid build~npf. ~ny in~erou IM~ein or pa~t tMreof, in tF» a9yrey~t~ wm afo«taid or In ~xcess thereof, ~hall comain ~h~ usual •tandard margay~» cla~s~ w such otha claus~ ~s tM Mal9age~ may requ~r~, ma4inp the loit undtr u~d pol4 cies, each and every, payable ~o uid MORTGAGEE a~ ~ts intrre+t may ~ppear, and csih a~d wery iuch poGcy ~hatl bt pranptly ats.yn~d and dt~ive~ed ~o •ny held by aaid MORiGAGEE as further iecurity to said ~nortgage debt, and, not leu than te~ (10) days in adva+x~ of the expintion of Q~ch policy, to dr liv~r lo isid MORTGAGEE a renewal ~hereof, ~ogahe~ with a rece~pt fw 1he premium of such ~enewal; and ~her~ shall b~ no fire w windstorm insur~nc~ " pl~ced o~ ~ey of sa~d buildings. •ny imerest there~n or ps~~ the~eof, unless in fhe form srsd w~th ths lo~s payabk u sfores~id; ~~+d in Ih~ evtnf ~ny swn of monoy becomes payabte uoder such poiicy w pot~c~ss said MORTGAGEE shall have ~he opf~on to ~eceive and apply ?he iame on ~ccount of the i~debted- ~ neu iecured h,rreby or ro permit said MORTGAGORS ~o receive and uss it w a~y part tAereof fw other purposes, wi~hout ihe.eur waivi~g w~rnpair- ir+g any equity, lien or right unde~ or by virtus of this mo:!gage; ~nd in the event aaid MORTGAGORS shall (w sny reason fail to keep ?he ~sid premites w insu~ed, w fail to deliver p~ompely any of said pol~cies of insurance to taid MORTGAGEE, w fail promptly to pay fully ~ny premium there(w w in any re~pect lail to per(o~m, discharge, exec~re, effect, complete, camply with and abide by this co~enant, a ~ny part hereof, isid MORTGAGEE rruy p~ac~ snd psy fw t~ch insurance or any part thereof without waiving or aifecting any option, Ilen, equity, or right under q by virtw of this Mdt9sge, •nd the full amount of each and every such payment shall be im~nedietely due a~d psyable ~nd sFwll bear interest from 1M date thereof until paid at the ratt Ot , nine per centum per annum and rogrther with such interest shali tx secured by ihe litn of this mortgage. t. To permit, commit a su(ier no waste, impainnent or dcte~ioration of said property or any p~A thereof. 5. To pay alI a~d sirg~lu ths cwts, charges and e:penses, inciuding a reasonabk sttor~ey's fee and cos~s of ~bstracts of tille, incurred or paid at any time by uid MORTGAGfE, becavu or in ths event of the failure on the part of 1he ssid MORTGAGOR to duly, promptly and futly p~rfwrq, d~sciary~ execure, effed, comptete, comply w~~h and eb:de by each and every ~he stipulsuons, agreements, condition~, and covenants of said p~omiswry not~ and this mortg~ge +ny w eieher, and sa~d cos». charges and expensea, esch and every. ~hall b~ immediately dw and payable: whether or not there be notice dC~r mand, attempt to collect w suit pend~ng; and the full amouni of each and every such payment shall bear i~terest from the date thereol until paid at the r~ie of nine pe~ centum ~x~ anu~m; and all aaid costs, charges a~xf expensrs incurred or paid, togelher wdh such interest, shall b~ s~tured by 1M lien of this mortyage. 6. That (a) in the event of any breach oI this Mwtgage or de(ault on the part of the MORTGAGOR, or (b) in the event ~ny of said ~~ms of money herein referrcd to be not promp~ly and fully paid w~thin th~rty (3p) days ntx~ afte~ the same ssve+ally become due ~nd payable, wilhout demand o? notite, or (cj in the event each and every the atiputatioru, agreemeNS, cond~rfons and covcnants oi sa~d promiuory oote and th7s morfpsyt ~ny or ei~h~r art o01 ~uly, promptly and fully pe~forn,ed, d:xhargrd. execueed, effectcd. completed. complied with and abided `ay. then in either w any such ~veM tM iaid a~ gregate sum mentioned in said pron~isswy note then remaining unpaid, with interes? accrued, and all moneys secured hereby, ~ha~l betome dw and p~y- able forthwith, or thereafter, at the option o1 sa~d MORTGAGEE, as lully and complet-!y as if all of the said sums of money were aigin~lly stipulated to be pa~d on such day, anything in sa:d prom~sso~y note or in this Mortgage to the contrary notwithstanding: and thereupon w ~hercafter at the oplio~ of sa:d MORTGAGEE, without nor~ce o~ demand, su~f at law w in equity, therefore or therealter bcgun, may be prosecuted as if all rnoneys setured F?eteby nad maturtd pr~w to its institution. 7. Thaf in the event rhaf at the be9inn~ng ot or at any fime pending any suit upon ?his Morfgage, a to fweclose if, w to reform it, or to enforc~ payrrKM of any tlaims hereunder, said MORTGAGEE shall apply to the Court having jur~sd:ction thereof for the eppointment of a Reteiver, tuth Court sMll Ferthwith appoint a recciver of said mwtgaged p?operty ell a~d singular, includ~ng a~l and singular the income, profits, issues snd revenues from whatever source derived, each and every of wh~ch, it being expressly understood, is hereby mor~gaged as if s~+eufically set fwth ~nd deuribed in the ~raming a~d habendum clauaes hcreof, and such Receiver shall have al! the broad and efFecrivc funcr~ons a~d powers in snyw~se entrusted by a Cwrt to a Receivet, and s::ch appointment shall be made by such Court as an ad~nftted equity and a matter of absolute righ~ to said MORTGAGEE, snd without ?eferente to tM adequacy o? inadequacy of the val~e cf the property mortgaged w to the so~vency or ~nsoivency o( said MORTGAGOR or the defendants, and thaf such ~ents, profits, income, iuues and revenues shall be appiied by such Receiver accord~ng to rhe lien w equity of said MORTGAGEE and the prxtice of such CouA. 8. To duty, promptly and fully per(wm, d~schsrge, exrc~te, effed, comp!ete, comply with and abide by each and every ihe stipulations, agrceme~is, conditions and covenanta in sa~d promissory note and th:s mortgage set forth_ 9. That in the event the ownershlp of the mortgaged prem~:es, or any part thereof, becomes vested in a person olher ihan the MORTGAGOR, the M.ORTGAGEE, its successors artd ass~gns, may, wi~hour ~e~ice to the h10RTGAOR, deal wi~h such successor w successor in i~terest with re(erente to this mortgage and the dcbt hereby secur~! in the same manner as with ldcrtgagor without in ar.y way vitiatiny or d~xharging the Mortgagors' fi~bility Fx~e- under w upon the debt hereby sec~red. No sale of the Fremises hereby mortgaged and no forbearance on the part of the NWRiGAGEE or its suecessors or ass~gns and no extension of rhe time for fhe payment of the debt hereby secured given by the MORiGAGEE or its successas or auigns, shall operats ro reteax, d~scharge, modify chaage o. affect the orig;nat GabiGty of the MORTGAGOR herein, either in whole or in paA. 10. It is specifically agreed rhat time ia oF the esarnce of this co~rract and that no waiv~r of a~y obligsYwn hereurder a of 1M obliyafion te- cvred hereby shall at any time +hereafter be held to be a waiver of the terms hereof or of the instrument secu~ed herby. I1. In add;rEon to the fwega"~w monthly paymenfs of princ pa! and intrrest required by the prom~swry nore secured Aereby, mortgagor covenants and agrees to pay to mo:tgagee with each momhly p~yrnenl an addrional sum esrimated by mortgagee to be eqval to 1/12 of the annual cost of the follow- ;r.g: . A-Alf ieat property ta:es le•ned or assessed aga~•~st the above desc~ibed real estate. I B-Pre~t:iums on fire and windstym insurarce as herein requ;red to be car~ied on the ~mprovements situate on the above described premises. i C-Prem~ums on such morrgage guaranty ~nsurar.~e as mortgagee shall from t~me to time deem fit to urry on tF+e loan secured hereby. ! Mwtgagee shaPl from ~~me to t~me notify mortgagor in ariting of the amount due and payabk hereundar and such sum shall thereupon be due and ~ c:ayab!e on rhe due date of fhe next monthiy payment a~d each successive month thereafter ur~til mwtgagee shall notify mortgagor of a change in such ! a^~o~m. Such sums shail be appi~ed by mortgagee toward the payment of real property taxes, insvrance prem:ums, and mwtgage guaranty inwrance i o~emiums. ~ IN Y~ITNE55 Y~HEREQf, the sa~d IYIORTGAGOR has hereunW set his hand and seal the day and y sr firsf aforesaid. ~ Signed, Sealed ar.d delivered 'en the presence of: 7 tZyt"y.~~" ,I~-f~ - ; - f~~ 0 APfI• fEC0~0E~-+ % ~ ~Seaq - - ~=~c ~ iT.lilCtE ~~ui1Tr f~A. ~ - - ROG~ « : ~)•T~iAS ~ (Seap ~ - _ c.~a~ c,-c!?~1 ~cu ~ n _ ~~z - af~oan vEa~~?E:, s~n ~ - - ~ STATE Of fIORIDA ~ ~ 11Y. ~O iZ ta P~'~~ ~ ~ ` St . Lucie Y~ ~ 338615 OUNTY Of ~ ~ Before me personally appeared Lawrence RO~/ ~ Verna Roy ; - his wife, to me well known and known to me fo be ~ rhe individuals described in and who executed she fw,~going instrument, and acknowledged before me that they executed the same fw the purpose~ ! rherein expressed. And the said___ veInd KO~I ~ Lawrence Ro ~ w~fe of the sa~d y upon • separate and privaf~ ~ exam~nat~on by rt~e taken separate a~d apart from her ssid husband, e:knowledged to and before me that she exec~ted said instrvment freely and volvn- ~ ranly and wrthovt any compu~sion, constraim, appreh~s:on, oc fear of or fran her said~husband. T WITNE55 my hand and offidal seal th:s_ day of June A. D. 19 76 " , 3 ~r ~ F . ~ , , . . ; Notary Public in and or the Srate of Florids at luyt My Commission eapires: Resum Ta . , ..:,y t. . . ~ - .,a ^i:E _ Fint Federal Savings d loan Associat.on . ~ • i. 1311, ~ ~ Of fort Perce _,.,wc17 111 ' ._.a f..,,.,i.Mb.f1 ~ ~ Fort Pierce, flCri~l.i 0 ' - .°~5 ' ~ This Instrument Prepared By Richard K. Kayes - ~ First Federal Savings 8 Loan Association - . of Fort Pierce , FlOride'~ - ~ % ' ~ ' r~ ~ - ~ Checked By E ~ .FACf ~ . - ~ ~ • ~ . ¢ . ~ 4 . . . ' - - - - ~ .._..K ~ - . . . . - _