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Home My WebLink About0202 3. To ptace and tontinuously keep on the bv~'d~~~gs now or herraitar fituete on se~d land and cn a~l eqv~pmem and personally cove~ed by this morlg- ~ge, wilh dl premium~ thereon pa:d ~n full, fuc inswanct ~n ~hc us~ai sta~:dar~ poGty io~m, in a s~m approved by Ihe MOR(GAGEE, a~d windstorm insuraoce in the uswl su~xla.d puL:y lorm, in a sum appro~ed by tlie MORTGAGEE, in s~ch company or companies +s tM MORTGAGEE may d'e~ect; and all firs and w~ndstorm ~n~urance pol~c~rs on ~ny o( ~a~d buitd~nfls, any interes~ ~he~ein or part thereot, in the aggreyete sum ~forosaid w in ~xcea thereof, shall conrain the usual sta~tid3rd mortgagee cla~se a such o~her ckause es the Mo.tqagce may requ~r~, making Ihe loss unde~ sa~d poli- cies, esch ind •very, payabie to said A1pRTGAGfE as ~ts interrit may appear, and esch and every wch poiicy ihall be prompUy ass g~ed and delive~ed to any held by ~sid.MOR(GAGEE as (unher •ecu~ity to said mortgage debt, and, no~ ~eu ~han ten (10) days in ~d~a~xe of the •xpirat~on of each poficy, to da' • , tive~ to sa~d MORTGAGEE a renewal thereof, toge~her with a rece~pt for the p~emium of :uch renewal; a~d there ~hall bs no i~re er w~ndsto~m insuranc~ plsced pn any oi said buildings, sny i~te~e~t therein o~ parl thereoF, unless in ~he (o~m and w~th ths loss payable ~t afwesaid; end in Ihe event any ~um of money becomes payable under tuch policy or policias said MORTGAGEE ahall Mve ~he option to receive and apply the same on atcounl of the indebted- neu secured here4y w to permit aaid MORTGAGORS to rettive and us~ it w any part thereof to~ o:hcr purposei, w:~ho~t Ih:rr~~ waivuig o~ unpain any equ~ty, I~en o? right under or by virtue of this mo:!gage; and in ~he event sa:d MORTGAGORS shatl fw any reason fail to kecp the said premises so ~ insured, d fail to deliver promptly any of said polK~es of insu?ance to sa~d MORTGAGEE, or (a~I promptly 1o pay futly ~ny pre~nium therefw or in ~ny respect fail ~o per(wm, diacha~ge, execure, elfect, con~pte~e, comply wi~h and ab~de by th~s covcnan~, a any part hereof, ssid MORTGAGEE may pl~ce u+d pay fw such insurance or any part thereof without waiving w affecling any optio~, lien, equ~?y, or right unde~ o~ by virtue of this Mwtga9e, and the fvll amount of esch and evtry such payment shall be immediately dus and payabie ~nd shall bear interest from ~hs date thereof until paid a1 the rat~ of nine per centum per annum and to~rther with iuch inte:est shali `ae sacured by the lien of thii mortgage. 1. To permit, commit ~x suffer no waste, impairmenl or deterioration of said propc~ry w any pa?1 thereof. p 5. To pay all and singutar the costs, charget and expenses, inciuding a reasonable attorney's fee and costs of abstracts of title, incurred or paid at ' any time by sa~d MORTGAGfE, betause a in the event of the fa~lure on the part oF ~he said MORTGAGOR to duty, promptly and fully pertorm, d~icharge. 's e,ecute, eifect, complere, comply w~th and ab:de by each and eve~y the stipulat~ons, ag~eementa, conditio~s, and covenaros of said prom~swry note a~d this ; mortpage any or e~ther, and aa~d cosrs, charges and expenxs, each and every, ~hall be immediately due and payable; whetF,er w not ~here be nc~ice da s mand, attempt to collect w suit pending; and the full amount of each and e~ery such payment shall bear interesl from the date thereof until paid ~I the ~ rare of nine per cenrum per annurn; and all aaid costs, charges and expenses intuned or paid, together wuh such interest, shall be saured by the lien of thi~ mortgag~. 6. Thal (a) in ~he event of any breach o( th7s Mortgage or default on the part of the MORiGAGCR, or (b) in ~he event any of taid sums of money ~ herein referred to be not prompsly and fully paid within th~~ty (30) days nex~ after the same severa!ty become due and payabte, without demsnd or no?ice. or (c) in the event each and every the stipulatio~s, agreement~, cond~rions and covenanta of sa:d promissory no+e and th~s mortgage any o~ e~ther are not ~uly, prorRptly and fully performed, d,scharged, executed, effec:ed. comp!ete~, camai:ed with ar.d ab~ded Sy, then in e:ther or any tuch event the said sQ 9regate sum ment~oned in sa~d p~omisswy note then remaining unpaid, with inrerest accrued, and a~l moneya secured hereby, sha:t become due and pay~ eble for~hwith, w thereafter, at the opr~on of sa~d MORTGAGEE, as fully and comple~ety as i( alt of the sa~d s~ms of money wcre or~ginally st~pulated ro be pa:d on such day, anything in sa:d promissory note a in this Mortgage to the contrary notwirhstand~ng; and thereupo~ or thereaf!er at 1he option of ; sa~d MORTGAGE~, without notice or demand, suit at law or in equity, the~efpe or tFxreafter begu~, may be proxcuted ss if all moneys secured hereby nad matured prcor to ~ts institubon. 7. That in the erent that ~t the beginn~ng of w at any t+me pending sny suit upon this N4ortgage, or to foreclose it, o~ to reiorm it, or to enfores payment oi any claims he.eunder, uid MORTGAGEE shall appty to the Court hav~ng ju.~sd~a~on thereof for the appofntmanr of a Recetver, wch Court shall Fcrthwith appoint a re<eiver of said mortgaged property all and singuler, includ:ng all and singu~ar the income, p~ofits, iasues ar,d reven~.es from whatever sou~ce clerived, each and every oF which, ~t be~ng e~pressly understood, is hereby mortgaged as if spec~fically set fath and desuibed in the granting and ~ hubendum ciauses hereof, and such Qeceiver sha~f have all the broad and effect;re funct,ons and powe~s in anyw~se entrusted by a Court to s Receiver, and s~ch appoiMment shau be made by such Court as an ad~~tted.equity and a maver of absolute rEgM to said MORTGAGEE, and wi~Fwut re~erence to the j adequacy or inadequacy of the value of the property mortgaged ar to the sotvency or ~nsoivency o( said MORTGAGOR a the defendant~, and that such ~ re~,+s, profits, income, issues and revenues shall be appi~ed by such Receive~ accord~ng to the lien or equity of said MORTGAGEE and the practice of such ~ Court. 8. To duly, promplly and ful~y perform, d~scharge, execure, effcct, complete, comply w~th and abide by each and every the stiputatio~s, agreementi, } concl;tions and covenants in said promissory note and this mortgage set forth. 3 : 9_ That in the event the ownership of the mortgaged premises, or any part tt~ereof, becomes vested in a perwn olhei than the MORTGAGOR, the htORTGAGEE, its successors and assigns, may, without not~ce to rhe MORTGAOR, deal with such successw or successar in interest with reference to this ~•o.tgage and !he debl hereby secur~d in the same mar.ner as with f.lortgagar without in any way vit;ating or dixharging the /~ltortgagors' liabiiity her~ under o~ upon the debt hereby secured. No sa~e of ~he pren,ises hereby mortgaged and no forbearance on the oart of the MORIGAGEE a iti successwa or assigns and no extension of the time fw the paymanr of the debt hereby sec~red given by ?he MORTGAGEE o~ its successors or asa~gns, .hall operate ~ ro release, d;uharge, modify thange oi affect the ong:nal liau~hty of the NlORIGAGOR herein. eithe~ in whole or in part. y 10. It is s~.r~ificalfy agreed that time is of the essence of this contracl and that no waiver of any obligation hereunder or of !he oblgation se- c~red hereby shaU at ~ny time thereafrer be he!d to be a waiver of the terms hereof w of the instrument secured herby_ 11. In add~tion to ehe forego:ng mon~hly Naymrnts ot p.inc pa! and interest requircd b/ tFK promissory no!e secured hereby, mortgagor covenanis a~d ayrees ro ,~ay to mongaqee wirh each monrh;y payr,~ent an add~~~onal s~m est~mared by mortgagee to be eq~al to 1~~ 12 of the annual cost of the follow- ; d ~ A-All real preperty taaes le•.ied or axs^ssed agai~st thc above descri5ed real es~ate. ~ B-Premi~rns on fire and w~nd:torm ~nsvrance as here~n req~;red to be carr~ed on the Improvemeots s~tvate on the above d~scribed premises. ~ ~ C-Premiums on such mortg~ge guaranty ~r.surar,ce as morrgagx shail frem t me to time deem fit to ca.ry on the toan secured hereby. ' : ! Mortgagee s!~aR from t~me to hme not~fy rr,crtgagor ~n writ+ng of the ar.rount due and payable hereunder and such wm shatl thereupon be due and - i : 3yable on ~he due date of the neu mon~h:~ payT,enr and each wccessive morfh thereafter ur,til mortgagee shall not~fy mortgagor of a change in such ount. Svch sums s~alE t~e app!~ed by mongag:e tovlad the paymem of real proper~y taxes, insurance prem.ums, a~xl mwtgage guaranty insurance :.•emiums. j ~ IN WITNE55 h'HEREOf, the sa~d MORTGAGOR has hereunto set his hand and seal the day and r ~ t ~~,..r~s,;. 7 € Signed, $ealed and delivered in the presente of_ ~ - s _ ' Seaq ~ " Gl - n . wan , r. . ~an ~ - j ~,n ~ ~ _ rs,nces a ne an ~a~~ STATE OF fl9R1~! ~ I~ h c i S j S5. ~~UNiY OF ' ~7 ~ ~ ~ Befae me personaily appeared J^hn W, Swant^n, .jt. and ~ FIai1C@9 $1~1D@ $NaI1tn11 his wife, to me well known and known to me to b~ ~ rhe individuals described in and who execured fhe faegoing instrument, and acknowtedged before me that they executed the same fw the p~rrposes rhere~n expressed. And the said Franees Blaine $Ndnt~n ~ - ~ r.~fe of the iaid J~hn ~1T, ~~Li1t~?11. ,JZ. upon a xparafe snd privste ~ e¦aminat~on by me taken separate and apart from her sa~d husband, acknowledged to and before me that she exetuted said inatrument freely ~nd volurr ra~,iy and w~thout any compulsion, constraint, apprehens:on, oyr~ fear of or from her said husband. WITNESS my hand ar,d official seal this_ ~~Z_j_=1-_ day of Jul A. 0. 19~6_. i -~~~~r4~o'~/ Notary Public in and for the State of fi~rida-8t lu~ , Ret~rn To: My Commission exp+res: .F~~i.~i S'•-, ZC> - 7 7 : - First Federal Savings ~ Loan Association t~~~i 8~ ' • ' ~ , Of FOrt PerCF (+ECi RDC'D t.~ _ ' ` Fort Pierce. Florida f"E ~ ` , • • ^ _ : D AND ~Y fLA. • - ~ ST. LUCIE COU ~tf AR . . . ~ ` . ' ; ; . ~ ~ This Instrument Prepared By J~hn W. C~+llins n ' ~ FirsT Federal Savings 8 Loan Association ?1 ~ p~ Ah ~ C~ ~ ~ of Fort Pierce~ Rlnrida J~~ LL ~ ~ ~ T Checked By ~ ~ i~ r' 1 2V~ f'~~ r.r i~ ! h : _ _ , , _ ,