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Home My WebLink About0857 3. To pface and continuously keep on the b~l:d~ngs ~~ow o~ hereafter •it~ete on said land and on a~i equipment and personally cove~ed by thit mort~ ' •ye, w~th all premiums fhrreon pa:d ~n fu11, i~rc inau~~nce in the us~et tta~xlard po~ky iorm, in a aum approved by ~he MORIGAGEE, and windatam ~nsuraoce in ~he usual srandard pot•cy (o~m, in a sun, approved b~ ihe MORiGAGEE, in iu<h company or cOmp~niel as ~h~ MORiGAGEE may d~recl; ~nd all fire and w~ndsiorm ~~surance poi~c~es on any of sa~d bu~ld~nys, sny i~terest thcrein or pan ~hereol, in ~he a99regsts sum aFaesaid w i~ excess thereof, sholl conta~n the usual s~a~,dord morrgagee dause o~ s~ch other claute as the Mor~yagee may ~equ~rs, ma~inp ~ns loss under sa~d po~i- c~ef, eath and every, payab~e to said MORTGAGEE at its inte~est may appear, and each and every ~uch policy ihall be p~omplly a~l.gned and dN~vered ?o sny held by sa~d MORTGAGEE as fu~~hrr secway ~o said mor~gage debt, and, nOt le~s ihan le~ (101 days in advance of ~he eYpira~ion of each po1Ky, to d~- liver to said MORTGAGEE e renewal the~eof, togethsr witA • receipt fa the p~emium of such renewal; and ~here shall b~ no f~~s o~ windtto~m insuranc~ placed on any of said build~ngs, any ineerest therei~ w parl tl~creof, unless in the fo~m and with tF+~ loss payable at aforesaid; snd in the evenl any tum of money becomes payable und..v wch policy w poGcies saiJ MORTGAGEE shall Mve ~he opnon to recaive and apply tM ume on sccouM oi the indebred- neas secored hereby w to pcrmit said MORTGAGORS ro rcce~ve and use it o? any parr ihereof lor o:her pu.F~oses, v.~~hc.;t th:reo~ wo~wing o~ ~n~pa~~- ing any equ~?y, lien or right undrr w by virtue of this mo:!gags; and in the eve~t said MORTGAGORS shall (w sny reasoo fa~l to keep the said premitet so inwred, w fail !o deliver promptly any of said po6cies o( inswance to sa~d MORTGAGEE, or f~jT~ypromptly to pay fuUy any premium Iheroip o~ in ~~Y respect fail to per(orm, dhcharge, e:ec~re, effect, canplcie, canply with and abide by this tovenanl, w any part hereof, said MORTGAGEE may pi~ce and pay fo? such insurante o~ eny part thereof withau~ waiving o? afFecti~g ~oy option, lien, equ;ty, w righ? under w by virtw o4 this Mor?qa~e, and tF+! fuli amoun~ of each and er•ery such payment shall be ~mnxdiately due and payabls ~nd shall brar imerest from the dats the+eof uniil paid st the rate ol nine per centum per annum and to3ethei with such inrerest •hail tx szcured by the lien oi Ihis mottgsge. To permif, commit or suffer no waste, impairment or deterioraiion of said property or any pa?t thereof. 5. To pay all and sing~lar the costs, charges and expenses, +ncluding a?easo~able anwney'~ fee and costt of abstracti of title, incurred or paid at any time by said MORTGAGfE, because w in the event of tF~e failure on the part of the said MORTGAGOR to dv~y, promptly and fully perfwm, d~uhar9e. execute, effed, canplere, compty w~th and ab:de by each and eve?y the stipvlations, agreements, cond~tions, and covenants ot uid promissory note and thia mortgage any w ei+he~, and sa~d co~ts, cMrgea and expenses, cach and every, shall bs immediately due and paysb:e; whether w not tF~ere be not~te da mand, sttempt to colled w svit pending; and the full amount of each and every such payment shall bear interett from IAe date thereof until paid at the rate of nine per crnturn per an~wm; and all said cosfs, charges and expenses incwred or paid, together wah iuch interest, ~haU be secured by the iien of thia mwtgagw . b. That (a) in the event of any breach of this Mortgage or default on the pa~t oi the MORTGAGOR, w(b) i~ the evenf any of said tums of money herein referred to be no1 promptly and fully paid within th~rty (301 days next after the same severolly be:ome due and payable, wilhout tkm~nd W notite. or (c) in the evem each and every ~he stipulatiw~s, agreements, cond~tions and covenants of sa!d prom~uory note and th~s mortgage a~y or eilhe~ are not iuty, pranptly and fuily pe~formed, d~scharged, exe:uted, effected, completed, compfied with and abided Sy, thtn in eiti?e~ w any such event the asid ag gregate sum mentioned in said promissory note then rema~ning unpaid, with interest actrued, and al! moneys setured hereby, sh~1l become due and pay~ atrle forthwith, or thereafter, at the option of said MORSGAGEE, as ful;y and completely a~ ii atl of the said sums of money were originetly stipula~ed to be pa~d on such day, anything in sa:d pro:n~sswy note a i~ this Mortgage to the contrary notw~thstanding; and thereupon w thereafter at the opt+on of naid MORTGAGEE, without no~ice w demar.d, wit at ~aw a in equity, therefore or lhereafter begun, may be prosecuted as if all mooeys ~ecured hereby hsd matured pnor to rts inst~tut~on. , 7. That i~ the event that at the beginn~ng of or at any tirne pend~ng any suit upon this Mo.tgage, or to fweclose it, or to ~efwm it, o? to enforce pnyment of any daims he~eu~der, said :~50RTGAGEE shalt appty to the Court having jurlsdrction thereof for the appointment of a Receiver, suth Court shall forthwith appoint a receiver of said mortgaged property a11 and singu~ar, inclvd~ng a11 and singuiar ~he income, protits, issues and revenues Irom whatever f source derived, each and every of wh~ch, it be~ng eapressly understood, is hereby mertgaged as if spec~fically ut iwth and dew~bed in Ihe granting and ; habendum ctavses fiercwf, and such Receiver shail have all the broad and effecrive funct.ons and powers in anywise entrusted by a Cou~t to a Receiver, and ~ ' scch appointment shall be made by auch Cou~t as an admiued equity and a maner of absolute r~gM ro uid MORTGAGEE, and wifhout reftrente to the ~ eclequacy or inadeq~acy of the value of the property mortgaged or to the so+vency or insolvency of said MORTGAGOR a Ihe delendants, and that such ; re~~s, profits, income, issues and revenues shail be applied by suth Receiver according to the (ien or equity of said ?AORTGAGEE and the practice of iuch i Coun. ~ } ~ 8. To duty, promptly and futiy perform, d~scharge, execute, effecr, cornptate, comply w~th and abide by each and every the slipulations, agrcements, ~ conditans and covenants in sa~d promissory note and th~s mxtgage set forth. i 9. That in the event the ow~ership of the mortgaged prem;ses, cx any part thereof, becomes vested in a person other fhan the MORTGAGOR, the - :'.ORTGAGEE, irs succes:ors and asnigni, may, w~shout not~ce fo the MORTGAOR, deal with such successor or successw in imerest with reference to this e:ortgage and the d_b~ hereby secvted in tht aame mannar as with Mo~tgagp without in any way vifiafing or diKharging the Mortgagora liabitity FKre- under w upon the debt here~~ secured. No safe of the Fre~n~ses hereby mo.tgaged and no forbearance oo the part of the MORTGAGEE w its sutceswrs o~ ass~g~s ard no eztension ef the time for the payment of the debt hereby secured qi~en by the MORTGAGFE or its successors w jss~gns, shall operate +o re~ease, d,scharge, modify change or atfect the origmal I~ab:l~ty of the MORTGAGOR here~n, either in whoie w in psrt. s 10. It is spec~fically agreed that time is of the essence of th~s contrad and that no waiver of any obGgat;on hereunder or of the obligation K- ~ cured hereby shall at any time thrreaf:er be heid to be s waiver of the terms hereof or of the instrument secured herby. i I1. In add.f~o~ to ~he Foregd~~g ~non~h!y pdym^nts of prt~c pai a.~d inTerest requ;red by the prom~ssory no!e secured hereby, mortgagor covenants ; 3~d agrees to pay to mcrtgagee ~nv!h each r.,or.rh[y ~;a;: ~ent an add~~~ora~ wm es'•~ ated b~ mortgagee fo be eq~al to 1~ 12 of the annual cost of the fol{ow- ~ ~ A-Alt real property raxas lev~ed or assessrd against the above describ•d real esrate. i B-Pr~miu~ns on fire and vvindstorm insu~ance as here~n requ~red to be ca~ried on the ~mprovemtnfs situele on the above described premius. ~ E C-Prem~ums on such moitqage guaranty ~nsurar,~e as morigagee shall fiocr. time to time deem fA to carry ort the losn secured hereby. j ~ Mo~tgagee sha:l from t~me to t~me n~tify mertyagor m wr~t~ng ot the amou~t due and payable hereunder and such sum shafl thereupon be due and ~ c~rable on the due date of th~ rext month:y paym•_nt and each successive mor.th thereafter ur,til mortgagee shall noti(y mortgaQor of a change in such , ount. Such sums sfa'~ be app:ied 6y mortgag•:e toward the paymem of real property taaes, ~nsurance p?em~ums, and mortgage guaraMy insurance ~ i ~e~niums. E E IN WITNESS '.'lHEREOF, the said MORTGAGOR has hereunto set his hand and seal rhe day and year first afwesaid. - ( Signed, Sealed ar.d delivered in the presence of: ` T ~ ~n ~ 9 ~ ec , arnes ~ 3 - - _ t~i ~ # ~ .~xs [.~~..r~ ` ~ . . es a se.~a ~ v a s ~ S~ATE OF FLORIDA ' i SS. couNn oF ~.L.~Lucie 1 ' ~ Before me penonatly appeared Geeil w. Stsrne~ - ,~d ~ _Jacqueline Elaine Starnes s/k/a Jscqu~lin. B, St=Ypgghis wi1e, fo Wtn k;~„y?~ v+d k~o+M, w ~,.ro ts~ the individuals descr~oed in and who exec~+ed the foregoing instrument, and acknowiedged befwe me that they e:ecuted thA sarr» fo{ ths pwpo;N ' ~ Jac ueline Blaine Stsrnes s/k J ~ ~ - ' ~ rFerein expressed. And rhe said Q ~Qi 8~ ia~ g. St~~j~~. - 4 ~ ~.~(e of the said CQCil W St~r~s a•sepaiats ~nd priv~fi j e~aminat;an by me ta4e~ +enarate and apart from her said huaband, atknowledged to and before me that she executed said,mjtrvmeM frcafy ~ndvOlur? ~ ~ ra~:iy and without any compu:sion, cons+raint, apYrehens~on, or fear of w from he~ said husband. ~ YJITNE55 my hand and offic+al seal thEs__ !~..~'S tt!ti- _ day of July :~,a p. ~9 76 ~ ~ T ~x~ ~ ~~~-x 1 ~ - N6tary Pubiic in and o~ the S~ate of Fbrida at larye ~ My Commission expires: _ / ~ $ Retum To: ~ ' 7 7 First Federal Savin~s L loan Associat~on . ~ pf Fort P:e:ce . ~ Furt F~erce Flonda a _ 'a - ~~~o~-rl~ ~ This Instrument Prepared 6y RobeZt A. Swisher, .Jr . First Federal Savings 8 Loan Association ~ of Fort Pierce, Florida ftLE~ A'+ :''f ~~H4E0 ~ ST.IUC;~ _~l'NTY FLA- ~ FGG: ~ ^ `i'~A$ ~ Checked By Cl: ; , ~OURt rt Rrr,. - +rF c=~ , ~ - c~ Ju~ 1~ 9 uo A!~' 10 e:.~ 2~ ~c~ 856 ~ P sh _ - - ; _wr . - _ a~t