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Home My WebLink About0872 3. To plac~ and cont~nuousfy keap on the bu~:du~gs now a hrroafter ~itwle on said land and on all equip~ncnt ~nd p~rsonally tovered by thif mwl~ •p~, with all ptemiumf Ihrreon Fa~d in fult, firo ins~rance in ~he uswl ttandard poticy lorm, ln ~ ium spproved by ~he MORiGAGEE, and windi~am insuranc~ in the us~al ~tandard pol,ty }oi~n, in a sum aFproyed by tM MQRTGAGEE, in svth Company o? companiea as Ih~ .MORTGAGEE m~y r'' d'uec~; and all iire and wic~daiorm insuronce poGuea on any of ssid bu~ld~n9i, any inroi~st therein or pa.l thereof, in the a~9reya~e wm aipeWd p M~xc~ts ~hereof, shaU comain tMa uaual ~tandard ma~gagae clauie w wch o~h~~ dauu as ~M Mortpagee may requ~r~, makinp tM lo~~ under u~d poli~ cies, exh and every, payab`.a to i~id MORTGAGEE as it~ lntere~t may ~ppea~, and e~ch and every such policy shall be promp~ly at~.fl~cd and dsliv~red 10 ~ any held by uid MORIGAGEE a~ ~urthe~ security to ~sid mortgage debt, an~i, nol ku Ihan teo (10) d~p in sdwncs of tM txpir~tion of each policy, to dr liw~ to wid MORTGAGEE a renewal thereot, 1o9eth~r with ~ rece~pl fo~ tM p~emium of such rer~ewal; snd tAer• shall bt no fire o~ windt~wm iosuanc~ placed on ~ny of said bvildings. ~ny interest therein or pail thereo(, unless in th~ ?o~m ~nd with th~ bss payabl~ ai aiw~s~id; ~nd in th~ ~vanl ~ny s~m of mon~y becomes psyaDte under such policy or polKiea said MORTGAGEE ~hall have ~he opr~on to receive and apply the isme on accovnl o( the indebted~ n~u iecured he~eby or to permil ~aid IAORTGAGORS fo receive and uss it w any parl tArreof tor oincr Hurposes, v~~~hout II1~fED/ waiving or ~mpair- ug any equ~ty, lien a righ~ ~:~der a by virtue of tAis ma!gagc; and in Ihe evem ~e~d MORTGAGORS shall tw s~y reason fail to kcep the s~~d pr~miirs w ~ in~urcd, o~ fait 1o deliver promptly any of said policics of insurance lo said MORTGAGEE, or fail promptty to pay fully any premium therefp or in a~y nspact fail 1o per{am, discharge, execute, eilecl, complera, comply wi~h and abide by this covenant, w sny part hereof, ~aid MORTGAGEE may p~+ce •~d + p~y fw auth iraurancs ot any part the.eof wi~hout waiving w affecting any option, lisn, equity, w ~ighl unde~ or by virtw of this Mo~tgaps, and the f~ll ~movnt of each and every wch payment shell be ~mmedia~ely due and payable and •hall bear interest f.om 1M dat~ thereof umit paid ~t tt» rat~ ol nirw~ per centum per annu~n and to~elher with ~uch intereat shali be secured by the lien of thii mortgage. ~ ~ 1. To pe:mit, commit w suffer no waste, impairment w deter~orafion of taid properiy or a~y part thcreof. S_ To pay all arxl sinpulu ths costs, charges ~nd expenses, inc(ud~ng a reasonable •nwney i(ee and wfts of abstracts of title, incurred or paid at •ny time by said MORTGAGEE, betauss w in the event of tM iailure on the pan of the said MORTGAGOR to duly, promptly and fulfy per}orm, d~uharg~. eaccute, e((cd, complete, compty w~th and ab;de by each and eve~y ~he s~~pulanons, agrecments, ca~d~~io~s, and covenants of said promiuo~y ~ot~ and thit mwtpage any w either, and si~d costt. charges and eap~rnses. e~ch and ~very, sha{I be immed~ately dve and payable: whether a not ~her• be notice ds mand, attempt ro collect a suif pend~ng; a~nd the iull amount of each and erery such paymero shall bear interest from tM dste tMreof un~il paid ~t the rate of r.ine per cenrum per annu:n; a~~d all said wa~s, cnargrs and expensea incurred or paid, toge~her wdh such imerest, sAall be iecured by the lien of thw mortpage• 6. That (a) in the event of any bieach of ~his Mortgaqe or default on the part of the MORTGAGOR, w(b) in the event sny of said sunu of money herein rofn~ed to be not promptly and futiy paid withm thuty (30j days next after t!x same seve?elty becp,ie due ~nd payable, without demand w notite, q(U in the event sach and every the stiputations, agreements, condirions and covenants of sa•d prom~sso~y note and th~s mort9a9e any or either ar~ nd luly, promptly and (ully perfor~ned, d.uharged, executed, eifected, comple?ed, compf~ed with and sb~ded 5y, then in either w sny such event the ss~d ag qregate sum mentioned in sa~d prom~sswy note then rema~ning unpaid, with interes~ accrued, and alt moneys ucured hereby, sMll betwne due and pay- able fo?thwith, w thereafter, at the opr~on of sa:d MORiGAGEE, as fully and compterety as if all of the said sums of money were orginally st:pulated to be pa:d on such doy, anything in sa.d prom~ssory note or in lhis-Mortgage to the conrrary notw~thstanding; and thereupon w thereafter at the option pf f said MORTGAGEE, w~thout not~ce or demand, suit at law w in equity, therefwe w thereafter begun, may be proxtuted ~s if a11 moneys setured hereby had matured ~~w to ~ts instituNon. ~ 7. Tlwt in the event rhat at the beginn:ng oi or st any time pend~ng any suit upon this Mor!gage, o~ to fweclose it, or to rsfwm it, a to enforte payment ot sny claims hereun~ler, said ktORTGAGEE shall apply to thr Couri having jurisdic~ion thereof (or the appointment of s Receiver, wch Courf shall fwthwith appoint a~eceiver of seid mortgaged property all and aingula~, includ~ng all and singular ~he income, prof~ts, issues and revenues irom whatever wu:ce derived, each and every of wh~ch, it being expressly ~~rstood, is hereby mortgaged as if specificaily ut fath and described in the 9rantiny u+d hebendum cla~ses hereof, and such Receiver shall have all the broad and effective funct.ons and po•Ners in anyw~se entrusted by • Court to a Receiver, and ! ~~ch sppointment shall be made by a~ch Cou~t as an ad~nitted equity and a matter of absoiute right to said MORTGAGEE, snd without referaxe to the adequacy w inadrquacy of tFu value of the p.operty mortgaged or to the so;verxy or insolvency of said MORTGAGOR w the defendants, and that such renta, profits, i~come, iuues and revenues shal~ be applieti by such Receivm accord~ng ~o ~he Gen or equity of ssid MORTGAGEE and the practice of such Court. 8. To dviy, promptly and (ully perfo~m, discharge, execute, effect, ce.nplete, comply w~th and abide by each and every the stipulations, agreement~, conditions arx! covenann ~n sa~d promissay note and thls mortgage set forth. 9. That in the evenl the ownr.sh~p of the morrgaged pren,ises, or any part thereoF, becomes vested in a pe.wn ofher thsn the MORTGAGOR, fhe MORTGAGEE, its auccessors and ass~gns, may, wi~hout no+~ce to ~he MORTGAOR, dral with such successor a successor in interest with reterence to this t mortgege and the debf hereby secvred in the sar»e manner as with Mortgegor without .in any way vit;ating or dixharging the Mortgagori liability hert ' vnder a upon ~he debt he:eby secwad. /~W salq of ~he prem;ses hsreby mwtgaged and no forbearance on the part of the MORTGAGEE or its ivccessws ` or assigns and no e~tension of the time fw the payment of the debt hereby secured given by the MORTGAGEE or itt successon or auignsi sMll operat~ i to reiease, d.scharge, mod~fy change or af(ec~ tFie origlnal liab~l~ty of the MORiGAGOR herein, either in whole u in pa~t. ~ 10. It is spec'rficaHy agreed ~hat time is of tAe essence of th~s mntract snd that no wa'rver of any obligarion herevnder or of the obliyation se- cvred hereby shail at any time rhereaher be held to be a waiver of the terms hereof a of the iru~r„ment tecured he+by. 11. In add,tio~ to the forego"~.g monfhly paym_ms of princ pal end interest requirrd by the promissory note secured hereby, mortgagor covenants end agrees to pay to mortgagee ,ti.th each reonrh!y payroent an add~rional sum esrimated by mortgagee to be equal to 1;'12 of the annual cost of the follow- ing: ; A-Alt reat property ~a,cr: le•neC or assessed aga~~st :h< above desr.+bed reai estate. ~ ~ B- Pre~r,~u~ns on firz ar.d ~v~r.dztorm inwrarce as nere~n req~,red to be carried on thr ~mprovemeits rtuate o~ the above described premises. ~ C-Premi~ms on suth mo~t~age guaronty ins~ra.::e as rrortgagee shall from ~ime to time dtem fit to carry on the ban secvred hereby. - Mortgagee sha~l ?•cm r~„~e ro r;ma nct~f; mcrtyagor ~n w~it~ng of the amou~t due and payable here~nde~ and such surn shall thereupon be due and ' i payable on the due a~re of ~he neRt mon?h;y payment and each sutcessive mor.th thereaher ureii mwtgagee shall notify morlgagor of a change in such il amount. Such sums si ail be a~p!ied by morrgagee to~.ard rhe paymenf of real property taxes, insurarxe prem:ums, and morigage g~aranly insurance premi~rr.s. IN iY1TNES5 'l+'HER~OF, rhe sa~d MORTGAGOR haa hereunto set his hand and seai the day and~year first afaesaid. Signed, Sealed and delivered in the presence of: 7 ` _ ~ f~~~o s,ti, ~ECp~aEO , ~ ' ~ r`-< < .n ~ 4~~~ " ST.IU~ _ ~CJNTY FLA. ~ 1 J. R dl = ht~ti! ~,~!~°'la$ 1`, ~.Slin i -7~>~~ y-- ;~t? ~~OU~j ~ y Seaq ~-...e GG.-~-/ e c r " c- t' ' i ¢a 11 G. R QCId 15t1 ~Seaq . STATE OF fLORIDA ~ _ju~ 21 9 4o aK'! ~ COUNTY OF St . Lucie 1 8efore me personally appeared C8X1 Reddish ~~0~'722 . ,Jean G. Reddish his wife, to me well known and known to me to be ~ the individuats described in and who executed the foregoirg instrument, and acknowledged before me that they executed the same for the purposes therein expressed. A~d rhe sa~d_-___ Jean G. Reddish wife of the w~d _Sar~,). Reddish upon a separate and priwt~ examinat~on by me taAen separate and apa~t from her said husband, a=lcnowledged to and befnre me tha~ she exetuted said iratrument freely and volw~- tarJy and w~thout any compu:s~on, consrraint, aporehens~on, w fear of w from her said husband. WITNE55 my hand and offiual ssal this ~ ~ day of u A. D. 19 76 ~ Notary Pvbfic in and for the St of Fbrids ~t Lar~e My Corrsm~ssion expires: Retum To: jQ. 3 O'~C First Federal Savings L Loan Associaf:on Of fw.t PF:ce i. ' .!i Fort Pierte, F~onda . -~'~~~..;i,, , ' ` ~ . - This Instrument Prepared By ~=Y F• ..EllwOOd "':i ` ~ :~f:~ ' First Federal Savings & Loan Association . of Fort Pierce ~ Florida 33450 Checked By ?'_y_Y l.+V~ fA,~i`F V~ • . ~ ~ ~ aZ , . _ ~ ~ - s ~ _ _ ~ : ~ ~f~~