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Home My WebLink About0332 To ptace +nd conNnuously krep on 1he buildings ~ow a Mrea(t~r situ~t~ or isid land and on ali cquipment and personally covered by th~a mor?g• ~ge, with all pramiums thereon paiJ in fu~t, (ire i~surante in the usual •r•nda~d pol~cy iorm, in a s~m aN~xov~sd by tl~e MOR~GAGEE, and w~~~dstorm ~nsur~nc~ in tM uswl stendard pof,cy form, in • sum approv~d by tM MORTGAGEE, in such compeny w compaNef as the MORTGAGEE may d~rec~; and sll lire and winds~orm insur~nce po~kies on any of said build~nyi, ~ny interos~ therein o~ part thereof, in tF+e aggrega~e ~um afwesaid or ~n excea thereof, iMll contain ~h~ uival itandard ma~gaq~e clw~ a such othN dause as the Mor~9a9ee msy requ~r~, mawi~ tha ~oss unJe~ ia~d po~i- ` c~es, e~ch and evay, payabN to said MORTGAGEE as iti interc~l may +pp~ar. +nd each and eve?y such po~~cy shell be promptty ass.gned and delivercd ~o ~ any held by iaid MORTGAGEE ai (unher security to said ma~pay~ debt, and, rat I~u th~n t~n l10) day~ in advance of ~he exp~rat~on of esch pol~cy, to de- I~ver to aid MORSGAGEE a renewal thereo(, topether wilh a raceipt for the premium oi i~ch renewal; and ~here shall be no fire o~ w~~~ds~o~m iniuran:e ~ ~ plsced on any of said buildings, any intcrett Iher~i~ a parl thereof, u~less in tM form and with Ihe loss payable as ato~esaid; and in the event any sum of money becomes payable unde~ such policy a policies said MORTGAGEE shell have tM option to receive aMl appty the same on account of the indebted- ness setured he~eby w 1o parmit uid MORiGAGORS to receive snd uss if o~ any parl thercoi for ozhcr pur~~oars, v~~~hout th~.~u~ ,.:~vi~~3 or n~~p~~~- ing any eq~ity, lien or riyht v~der a by virtw of this mwt9apr, and in tl» ~ve~t ~a~d MORTGAGORS sMll tw any ~eason fail to keep the uid p~emise~ w :r,s~red, or tai! to detiver pranptly any of said policies of insvrance to said MORTGAGEE, or fai~ promptly to pay fulty any pre~ni~m therefw or i~ a~y . respect fail to p~r(wm, dischasge, execute, effect, tomplefe, comply with and sbide by ~h~s tovenant, or any part hareof, said MORTGAGEE may place a~~d _ ~ pay fa suth insurance o~ sny part the~eof without waivinp or af(ectirg ~ny option, Ifen, equity, or rigM under or by vi+rue of lhis Matgage, ~nd the ~ f~ll smouM of each and a~ery tuch payment shall b~ immediately dw and p+yable and shall bear interest from tha date thereof un?il paid a~ the ~a~e ol n~ne per centum per annum and togr~her wi~h suth inte~est shall be secured by tM lien oi this mortgsge. ' ~ 1. To permif, comm~t a suffa ~o waite, irnpairmenl w delerioratan of taid property or any parl thereof• . S. To pay all and sirgul~r the costs, ch~rges ~nd expa~ues, including a reasonable attorney i fee and costs of abst~acts of title, incurred q paid af eny time by said MORTGAGfE, beceuse w in the event of the (ailurs on ths pan of tM taid MORTGAGOR 1o duly, p~omptly and f~lly periwm, d~scharge. execute, eftect, comptere, compty w~th and ab:de by each ~nd every the stipulariau, sg~eemenn, ca+ditions, and covenants oi sa~d promiswry note and ~his ,~~e~rgage any or either, aRd sa:d costs, charges and e~epenxs, each and avery, ihall be immediately due and payable; whether or not there be norice d~ mand, attempt to collect or sui~ pend~ng; and the full amo~nt of esch and every such p~ymen~ shall bear interesl f~om the dare thereof until paid a~ ~he re of nine per ce~tum ~r am~urn; and alt wid costs, charges and expens~s incurred w paid, togethei with such interes~, shall be secured by the lien of this morfgsge. ~I~ b. Thal (a) in the event of any beach of this Mortgag~ a def~ull on the part of the MORTGAGOR, a(b) in the event any oi ss:d sums of money heretn refe~red to be not p~anptly and fully paid within thirty i30) days r?ext after ~he same severatty beco~ie due and payable, wi~hout demand or noi~ce. er (c) in the event each and evrry the stiputations, sgreements, conditions and covenants ot sa~d promiasory note and fh~s mortgage any or either are no~ ivly, promptly and fulty perfwmed, d~scharged, executed, effected, completed, complied with aod abided by, then in e~ther w any such evenl the sa~d ag gregare wm mentioned in said promiuory note then remaining unpaid, with interest atcrued, and a!I moneys secured hereby, shall become dve and pay- ab'e forthwilh, a thereatter, st the option of said MORiGAGEE, as fulty erd completely- as ii all of the sa~d sums of money were o~ginafly stipulated to be pa~d on such day, anything in sa~d promisswy note w in this Mortgage to_ the contrary notwithstanding; and thereupon or thereafter at rhe op~ion of sa:~ MORTGAGEE, without notice w demand, suit at law w in equity, tF?erefore w thereafter begun, may be proaecuted as if all mo~eys secured hereby n_d matured pr~w to ~ts institutioe. 7. That in tF~e event that at the beginni~g of or af ~ny time pending any s~it upon this Nlo.tgage, or to forectox it, or to reform iL or to enforce payment of any claims he~eunder, wid MORTGAGEE shall apply to the Co~rt having jurisdidion thereot for the appo~ntment of a Receiver, such Courl shall forthwith appoint a ~eceiver of said mortgaged property all and singular, includ~ng all and singular the incrome, p~of~ts, issues a~ revenues irom whatever source derived, each end evcry of whKh, it being expresaly unde+s~ood, is hereby mortgaged as if tpec~ficatly set for~h and described in the granting and habendum clavses hereof, and such Receiver shall have all the broad a~d effective funchons and powera in anywise entrusted by a Court to a Receiver, and :och appointment shall be made by such Cou~t as an admitted equity ~nd a matter of absolute right to said MORTGAGEE, and wi~houl reference to the edequacy o~ inadequacy o4 the value oi tF+e property mortgaged or to the wtvency w insolvency of said MORTGAGOR or tF+e deie~dants, and ~hat such re~~s, profin, income, issues and'revenues shall be applied by such Receiver according to the lien or equity of said fNORTGAGEE and the practice of such CouA. 8. To dvly, promptly and fully perform, diuharge, execute, effect, comptete, comply with and abide by each and every the stipulat~ons, ag.eements. cend~r~ons and covenants in sa~d promisswy note and this mwtgage ut fath. , 9. That in the event the ownership of the mortgsged premises, a any part thereof, becwnes vested in a person other than the MORTGAGOR, the h`ORTGAGEE, its successws a~d assigns, may, without notice to the MORTGAOR, deal with such successor or successor in interesf with reference to this mo~+9age and the debt hereby secured in the same manner as with Nbrtgagor without in. any way vitiating or d~scharging the Mortgagori liability here Lr.dei u upon the debt hereby secured. No wle of the premises hereby mortgaged and no iwbearance on the pert of the f1lORTGAGEE w its successors cr assi9ns and no extension of rhe time fa the payment of the debt hereby secured given by the MORiGAGEE o~ its successws or assigns, s~all operate ~e re!ease, d;uharge, modify ch~nfle or af(ect ths wginal liability of the MORiGAGOR herein, eitF~er in whole or in part. 10. It is speufically agreed that time is of the essence of this contrad and that no waiver of any obligatan hereunder or of the obligatan sr cured hereby shalf at any time thercafter be held to be a waiver of the terms hereof w of the instrument secured herby. 11. In add:tio~ to the forego:ng monthly payments of prin~ pal and interest required by the prom~ssory nore secured hereby, mortgagor cove~ants a~d agrees to pay to mo:tgagee w~th each monthly paymeM an add~tional sum estimated by mortgagee to be equal to 1~`12 of the annual cost of the fo~low- ,a: A-All rea~ property taxes levied or assessed against the above described real estate. B--Prem~ums on f~re and v~indstorm inaurance as here~n requ~red to be carried on the ~mproveme~ts situate on the above d_scribed p~emises. C-Premiums on such mortgage guaranty insurar~ce as mortgagee shall from t~rne to time deem fit to carry on the loan secured hereby. Mbrtgagee shai! from teme to time notify malgsgor in writi~g of the amount d~e ar+d payable hereunder and stxh svm shall thcreupon be due and • ,~;ab!e on the due date of•the next monthly paymeot and exh successive month thereafter urtil mortgagee shail notify mortgagor of a change in such I! • ~~nt. Such sums sF.all be applied by mortgagee foward the paymenf of real property taxes, insurance p~em:ums, and mwtgage guaranty insurance i emiums. ' ~ IN Y~ITNESS VJNEREOF, the said MORTGAGOR has hereunto stt his hand and seal the day and e first aforesaid. ~ Signed, Sested a d deli 7ed in the resence oF ` ; ~ ~D ` i - i y,~ 'FL~- • p - _ ROCER OITRAS p,' (Sesq ~ f~~: ~t i•~fiCiVIT ~C~RT N\ ($Ca~ . c o~FfE~~ - ' (Seal) SiATE OF FLORIDA St . LuCle 3 s~ PM 3~~~ S5. ~JUt~TY OF s~r«e me ~~~auY aP~a.ed Kenneth L. :mrummond, a single adu2t _ ~ iw.wifw to me well known and known to me to be ~ha ind~viduals desuibed i~ and who executed tl~e foregoing instrument, and acknowledged befue me that they executed the same for the purposes rherein exprlSSed. -l~e~~fheiakl.~~~~~~~~~_~_~`~~~~~__~~~....~~..~~_~~~~_~~..~~__~~_..___~..~`~~____~_" ~.+EQ.daFrsaii ~-_.._~~~~~~~..~~~~~~~~~~~~~~..____~~~~..~~_~__~~_~..__•.~rpe~-raepsrole~++~pri~s~t F,.a~~:n~wow-bp+ne-~aken-sepa~e~e~n~ apsrr Trorfr f~e?~stf~ ft~lf~blifi seRnoal~d~eQ~ to~rn~ bA0tEf1?E tAa~-sh~exe~orefiseld-fnsenm~em 4~ely~and ~ealor~ '3't~t ~~bor} wr~r serwpdsionr ea+A?alnr: aPPM1lnsloA; tlQrdf'bT f?df~ lie? satd-fwr~bsnd. ~ WITNESS my hand and official seal this z~-St day of A Y1 A. D. 19 77 ~ ,c Notary Public in the S~ate of Florida at large ~ My Commisi expires: Retwn To: µp}ory Public, StoM of flor'tiia ot large ~ First Federa) Savings d. loan Associat~on My,Commics;on frtiiras lu:y 't2, 1477 ~ O! fort P;erce , Bonded by M~e:i:un fire 3 f,,osyalty C,o. - ~ Fort Pi?rce, Florida This {nstrument Prepared By J. Ha 1 Robert 5, Jr . ; F~rst Federal 5avings 8~ Loan Association - of Fort Pierce ' . • ~ ~ ' ~ Fort Pierce, Florida 33450 Q ~ ` s~~67 ~ ~ . : ~~e-ked 8 ' - - - . . y ` - . - . , ~ i i sh '