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Home My WebLink About0326 3. To plac~ and continuo~sly kecp on the bui!dings now a Mraaft~r utu~t~ or s~id la~d ~nd on ~Ii equipmenl and perw~~lly cov~red by tl~i~ matg~ ege, wi~h •11 pr~miums ~hereon pa~d ~n full, f~re iniurance in ~he ~sual •~sndsrd pohcy iwm, in ~ sum aFproved by ~1~s MOR(GAGEE, a~d w~ndsfo~m insur~nce i~ tM utud •ta~dard pol~cy fwm, in + sum ~pproved by tht MORTGAGEE, in tuth company w compeniei es tM MORTGAGEE may d~rectt and all fire end windslorm infuront~ policies on ~ny o( Nid bui{dinyi, a~y int~rest thcrei~ or pe.1 tF.erco}, in Ihe sgg~epa~e fum •torosaid u in ~xc~ss ~haaof, thall conuin ~M v~wl standa?d mor~gaqN clws~ a such o~i+a ct~ui~ ~s ths Mor~psgae may requ~rs, ms?irg ths ~oai u~da sa~d poli- cia, ~ach a~d evay, payab~~ ro said MORTGAGEE a~ its in~eres~ may ~pp~ar, ~nd e~ch ar+d e~ery such policy shaN be prompNy ass.pned srxi delivered ~o any held by ~id MORTGAGEE as fu~ther ~ecu~ity ~o s~id ma1Qs~ d~bt, and, not less than ten (101 days in advance of the ~xpiration of each policy, to d~- . liver to a+id MORTGAGEE a renewal thereof, lopethK wi~h a receip~ tw the premium ot such renewal; and ti~ere shall be no fue o? windstorm insurance ~ placad on ~ny of said buildtrgs, ~ny infe~eil the«in o~ part thereof, unleu in the form and with th~ loss payab~e as afwesaid; and in the event any s~m ~ of money become~ payable unde~ such policy a policiss said MORiGAGEE shall have rhe opt~on to receive and apply the ume on accoun~ of fhe indebted- t~ n~u secu~ed hereby w ro permh ~aid MORTGAGORS to receive and us~ it p any par~ the:eoi ior ornrr purposrs, v.~~hous th-r~ur wai~~:i~ or u~~pa~r- ing any p~Ity, lien a right under w by vLtw of thii mort9ag~j u+d in tM ~ver+t said lNORTGAGORS shall tw any reason fail to keep the said p~emise~ io insvred, w fail to deliver promptly sny of iaid po~ides oi inswanc~ fo said MORTGAGEE, w fail promptly to pay (utty any premium therelw a in any * respect fail b ptr(wm, discharge, execufe, effed, complete, comply with u?d ~bede by lhii tovenanl, a any parl hi~eof, said MORTGAGEE may piate and ' pay fw wch inwrance or any part thereof without waivinp or ~ffectinp ~ny option, lien, equity, or r~9M ~nde~ w by virtue of thii Mortgags, and the full ~mount of each and every such payment shal) bs immediately dw and payable and ~hall bear intere~t from the date ~hereo( until paid at the rate ol n~ne p~vi centum pa annum and to~ether with such interest shall be secu~ed by tFw liee~ of this mortpage. 4. To p~rmit, commit w suffer no waste, impairment a deterioratio~ of seid property w ar?y part the.eof. S. To pay all ar~d singular the cwn, charges and expenses, including a reasonable attorney's fee and costi of abstracts ot title, incurred or paid at - ~ any time by iaid MORTGAG:E, becavse o~ in the event of the failvre on ths p~?t of ~he sa'~d MORTGAGOR ~o duly, promp~ly and fully perfam, d~uharge. ' sxecute, effett, complete, comply w~th and ab;de by each and every the stipulat~au, agreeme~ts, cond~tions, snd mve~an~s of said promissory note and ih~s rr,wtgage any w e~ther, and sa:d costs, charges and expenses, each snd eve~y, shall be immcdiate~y due and payable; whether a not there be notice d~ mand, attempt to collect w suit pending; and the full amo~nt of each and every s~rch payment shall bea~ interest from the date thereof until paid at the ~~te of ~ine per censum per annum; and.all said costs, charges and expenses i~curred o~ paid, toge~her with such interest, ~hatl be secured by the lien of this mortgaga. b. That (a) in the event of any brcach of this IlRortgage w default on fM psrt of the MORTGAGOR, a(b) in the event a~y of sacd sums of money herein referred to be not pranptly and fully paid within thi~ty (30) dsys nexf after the sa:ne severatly became due and payable, withou~ demand a notice, or (c) in the event each and every tF+e stipulations, sgreements, conditions and cove~anh of sa~d promiswry note and th~s mo~tgage any or e~ther are nw iuly, promptly and iully performed, dixharged, execured, eifected, completed, complied with e~d abided by, then in eithe~ or any ~uch evem the sa:d ag- gregate wm memioned in said promiswry note then remaining ~npaid, with iNerest xcrued, and all moneys setured hereby, shall becwne due and pay- eb~e forthwith, a thereafter, at the option of said MORTGAGEE, ss fully and completely as il atl oi the said sums of mooey were or~g~nally st~puta~ed to be paid on such day, a~ything in said promiuory rate or in Ihis Mortgage to the con?rary ~otwithsrand~ng; and thereupon or thereaiter at•the op~~on of sa~d MORTGAGEE, without notice or demand, suit at law w in eqvity, 1F~erefae a ~hereaiter begun, may be proaecuted u if dl rt~oneys secured hereby had matured prwr to iri institufion. 7. That in the event that at the beginning of or at sny time pending any wit opon this Mwtgsge, w to fweclose it, or to refwm it, w to enforce payment of sny claims hereunder, said MORTGAGEE shsll apply to the Court having ~ur~sdK~ion thereof fw the appo~ntment of a Receiver, such Carrt shall ForrhwitA sppoint a?ecciver of said mortgaged property all and sirguta?, includ~ng aIl and singutar the income, woi~~:, issues and revenues irom whatever so~rce tktived, eath and evety of which, it beinp expressly undentood, is hereby mortgaged at if spec;fically set forth and desuibed in the g~anting and habendum clauses herrof, and such Receiver sh~ll have sll the broad and efiective funcf~oris and powers io anyw~se entrusted by s Cou~t to a Receiver, and f~_ch appointment shall be made by such Court as an sdmitted equity snd a matter of absolute right to said MORTGAGEE, and without re(erence to ehe edequacy or insJequacy o~ the value o( the property rtw~tgaged q to the socvency or insolvency of said MORiGAGOR a the defendaMS, and that such renrs, profits, income, iuues and revenues shall be applied by s~rch Receiver according to the ~ien or eq~ity of uid MORTGAGEE and the praslite of such Court. 8. To duly, promptly and fully perfwm, diuharge, execute, effect, complete, comply with and abide by each and eve?y the stipulations, ag.eements, cond~tions and covenanrs ~n sa~d promissory note and this mortgage set forth. - 9. .That in fhe event the ownership of the mortgaged prem;ses, w any part thereof, becomes vested i~ a penon other than fhe~ MORTGAGOR, the A'.ORTGAGEE, its successors and assigns, may, without notice to the MORTGAOR, deat with such succeuw a wccessor in interest with reiere~ce to this mor+gage and Ihe debt hereby secured i~ the same manner as with Mortgagw without in any way vitiating or d+scharging the Mortgagors' liability hero- u-~der or ~pon the debt hereby secured. No ssle of the premises hereby mortgaged and no forbearance on the part of the MORTGAGfE or its successors or ass~gns and no extension of the time for the payrt+eM of the deb~ hereby secured given by the MORiGAGEE or ~ts wccessws w aulgru, ahall opera?e ~o retease, d~scharge, mod~fy change w affect the org~nal Uability of the N10RTGAGOR herein, either in whok or io put. 10. It is specifically agreed that timt is o1 the esxnce of this contract and that no waive? of any obligation hereunder w of the obligation se- cured hereby ~hall ai any time thereafter be held to be s waivcr oi the ferms hereof w of the instrumeM secured herby. 11. In add~tion to the fwego:ng monlhly paymtnts of princ pal and interest required by the promiuory note setured hereby, mortgagor covenants and ag~ees to pay to mo:tgagee with each morohly pay~nent an add~~ional sum estima~ed by mortgagee to be equal to 1;'12 of the annuat cost of ihe fotiow- in~: A-At1 real property taxes levied w asussed against ihe above described real estate. B-Premiums on fire and windstwm insurance as herein requ~red to be carried on the improvements situate on the sbove described premises. , C-Premiums on such mortgage guaranty insurar,ce as mwtgagee siwll from t~me to time deem fit to carry on the loan secured hereby. Mortgagee shall from time to time ~otify mortgagw in writirg of the amount due and psyabk hereundzt and suth sum shall thereupon be due ~nd ~ ayabte on the due date of the neat month:y payment and exh successive month thereafter urtil mortgagee shall notify mortgagor of a change in such ( a no~nt. Such suMs sh.aD be applied by mwtgagee toward the payment of real . property-t~s, insurance 'prem;ums, and matgage guaranty insurance i ,^,remwms_ E IN WITNESS WNER'cOf, the said MORTGAGOR has hereunto ut his hand and seal the•day and year first aforesaid. ' ` Sig~ed. Se and delivered in the presence of: l ' ! BT~~~~ 8 T;R9. t~ 5eap ! 6 ~N ` ~ ~ _ ~ ' ~ ~ . . . Beec a sin le adu ~~a~~ ~ - o~~Aic~il~~~~f~'uR~ ~ t , ^4Pi1i~:VE61 (Sea~ _ (.Sla~~ STATE OF fLORIDA ~ APR 3 3~ PH'11 ~~~s ccuvrY oF St . Luc ie ~ - - • ; . _ S. l~. Beech a sin le ad~slt Before me personally appeared y1 g . j~' ? ~e, to me wtll k~vn ~nd kridi~to`pw-to be rhe individual desui in and who executed the foregoing instrumem, and acknowledged before me that he e~qc4fe~ IFie same for tAe p~rpqses therein e:pressed. XiaCCmiCZ~k ' - _ : ` . . ~~fi~~+~+~~ oca~axr~sx~ata~xSx$~~exaataa~r~$ocsrxa~r.ma~~taxaar~rea~e~ea~~zaf~ar~a~ ~~s~c TMi7PZi0~]ir~06mOC7E0elt8AffQb[~O[TAOD~XDp6$7d~ ~tZOtSYs~7bt74Edt ' ~f18~[10Z . ``j«,••°, ~?J`;- WITNESS my hand s~d official ual thi day of n 't /~,•.~:'19i~ L ` ~r ~ Notary Public in and for the State of Flwids at large ' My Commission expires: ~ Retum To: ~ ~ ~ a ~ ~ tx,t~.::~ i}~:y;c. S.ate o~ flc:id~ zt la: is ~ Fint Federal Savings 3 Loan Association k..~/ ~~;:;utSil~p ~XQSl2S d+„C. 13, i9E~ ~ Of Fort P;erce. b~Gd 1~ ii::~r:w~ F~n a GsWy Co~ay ~ Fort Pierce, Florida ~ ~ ~ ~ This Instrument Prepared By Richard K, K33tes First Federal -Savings 8~ Loan Association of Fort Pierce , Flarida - Fort Pierce, Florida 33450 ~,~ecked BY ~ ~ ~ _ y . ~ ~ _.r. .