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Home My WebLink About0417 3. To plece and continuously keep on :he b~ildin9e no.v a? hereafter sil~ela :.n eaid lar.d and on all equipment end perionelly covered by Ihis matg• ~ age, s~.tts all p~emiums Ihercon pa:d in tull, lire (nwra~xe in ~he usual sta~kiard po~icy torm, fn a svm approved by tha MOR~GAGEE, e~~d wind~rorm , . (ns~rence 1~ tha wua) standard pol;cy (orm, in a sum approved by tha MORi~1; EE, in ~;r=h company o~ companie~ es Ihe MORTGAGfE may dtrec~; a~d ali fIro an4 w:c:r~s~.>rm inw~a~xa potic;es on any of ea~d b~~ildings, a~~y interes~ thereen oi part thereaf, in ihe aggrogale sum ~fere~atd o~ In excesi Ihereof, thell contain 1Ee usva! startdard mortgagee'ciavse or wci~ othe~ cieuse as Ihb Mort9ag~e may reqvirs, maAi~~g Ihe loss undtr eaid poU- ciee, each and every, payable to seid h50RTGAGEE as ils ii~terest may appear, end each and~every such policy ~hall be promptiy ass:gned and delivercd ~ny heid by seid AtORTGAGEE it furthe~ sewri~y to eaid mo.lgage dcbt, and, not less Ihen ten (IU1 day• in advancs of the ezpirarion of eath F~o?icy, to de- I(ver to said ,ti10RfGAGEE a renewal ihereof, toge~h:r with a rece~pt tor thr p~omium of i~xh renewal~ and there shall bs no firo or windstorm in;vrsnc~ placed on any ef ssid buitdings, any interest the~ein or ~art Iherco(, unless in ihe torm and with 1he lass payable as a(c+re3aid; a~d In the avent any tum of mo~ey becomes payabla ~nder fuch policy a policies said MORTGAGEE shall have Iha c?tion to re:eive and appty )he •ame en ascounl ot the indebte~l• nest sec~red hereby o? lo permit eaid MQRTGa~GORS to reteivo and~use it or any parl therco( tor othcr purposes, witho~t ihsreb/ waiving or ~mpair• ing a~y eq~ity, lien w righl under or by virlue of lhit morlgape; and in the eve~t saicf M4RIGAGORS shall for any reason fail to keep the :aid pre~iies so tnswcd, or fail to deliver promptly any of seid poGcies oi ineurarrce 1o said MORTGAGEE, or (ail promptly to pay fut!y any premium 1hc~ofor or in any respcxl fail to perform, discharge, ezecu~e, e(fec1, coniptete, comply wi~h rnd abida by ~his covenant, or any part hereof, said MORTGAGEE may p!ace and . ~ pay fior such in~urance ~r any ~art thereof w]thout weiving or afteding any option, Uen, equity, ot ric~ht under or by virtue a! ~his Mortgagr, and the full amount o( tach and every such payment shalt be immediately dua and paya4le and shafl bea~ interesl from the data Ihereof until paid at the rate ol . , nine per cen~um pe~ ann~m and 1oge~her wilh s~ch interes? shrll be ~ecureJ by 1he lien of Ihis mortgage. 4. To permit, cammit or suffer rto waste, Impairmrnt or deterioralion of said properry or any part thereof. 5. To pay aU and s?ng~lar the casts, chaege~ and etipenses, including a:easonablo attorney's fea ~~a costi of abstr.=cts of t~tle, intvrred or paid a~ ' , a~y timo by said A10RTGAGEE, batause or in the event of the failure on iho Fart of Ihe said MORIGAGOR lo duly, pram~tly and fvlly perform, discharge, exetute, e(fcc~, complete, compty wuh and abide by each ar~d every the stipulations, agreaments, cvnd~tions, and covenants uf said prarissory note and this mortgage any ar eith;r, and sa~sl costs, charges and expensas, eaci? end every, sfia11 be imm.diatefy dve and payable; whether or not there be ~o!ice d~ mand, altemFt Io tollect or suit pend~r.g; and tho fuH amouM of each and every such payment •hall bear Interes~ from Ihe d~te thereoi uroil paid s1 1he rale of ni~e per centum per a~num; and all said <os~s, chargee'anJ rx~ensea inc~rred or paid, fogether wilh such interest, thall t,e aetvred by the lien.o( t:~i~ mortgaga. . 6. Tha! (a) in tha event of an~• b;each of this hlorRgage or defaull on :he part of the MORTGAGO~t, or (b) in the ever.t any of saio wmi of money ~ herei~ refer~ed to bv not promp'ly and fully paid wi~hin lhiriy (30) days next after the same severally betome d~e and paya!~le, wiit.out demand or notite, or (c) tn the.event each and :.very the stipulations, agreements, condisions and covenants of sa:d promissoty note and th~s narfgage eny or rithe~ are nol _ f~ly, promptly and fully performed, d~scharged, executed, et?eaed, completed, c~mpfied ~vith and ab~ded +ay, ihen in either or any such event the said ag- - gregate sum mentioned in said promissory rtota then remaining unpaid, with interes~ accrued;'an~ all moneys securod hereby, shatl brrome due and pay abla forthwith, or therea(tcr, at the optian oi said h10RTGAGEE, as .`ully and completeiy as if all of the said sums of money wete origineHy slipulated to ba paid on svth day, anything in sid promis5ory note o~ in thi~ M1lortgaga to the comrary notwithstanding; and Ihereupon or tha~eatter at tha option of s~id MORTGAGEE, without ~otice or demand, suil at law or in equity, therefora or thereatte~ begun, may be p~asecvted ai if el! morteys setured hereby _ had matured prior to itf institution. _ ~ 7. That in the event that at Ihe beginni~g of or at any time pending a~iy suit upon this_ lAortgage, or to foretlose If, or to reform it, or to enfo+ce . payr~ent of any ciaims hereu~der, said h10RTGAGEE ~shall appiy to the ~our~ having jurisd;aion thereof for the appointment of a Receiver, s~ch Court shall forthwith appoint a recei~er of said mortgaAed_property al) and singular, inclwlmg alt snd siny~lar 1he intome, profits; i~~vea.and tevenues fr,xn v~rhateve~ sou:ce derived, each and every of ~vh:ch, i1 being expiessly understood, is F.errby mortgage~ as if sprciiically set for:h and described in the granting and habendum dauses hereof, and wch Receiver shall have all the broad and eftective funtt~ons and po•wers in anywise entrusted ~by a Court to a Receiver, and ; _ ~uch appointinent ~shall tx made by svch Cou~t as an admitted eqvity and a m.atter of absolute r.ght to said ASQRTGAGEE, a~d viithout i~ference to the . adeqvacy or inadequacy of the vat~e of ~he property mortgaged or to the saivency or insotvency of ~aid MORTGAGOR or the defendaMS; and th~t such - rents, profits, income, issues and revenues~shali be applied by such Recaiver according to tha lien or equiTy of said MORTGAGEE and ~}',u practice of such - Co~rt. _ . . _ - 8. To duty, promptly artd fully perform, discharge, execute, etfe:t, wmp~ete, camply with end abide by each and tvery the stipulations, agreemtnts, - - co~ditions and covenants m said promissory note and fhis morlgage set ferth. , _ _ _ 9. That in the e~-eM the ownership ci the mortgaged premises, or any F=~ s thereof, becomas vested in a person o!her than . the MORTGAGOR, the . MOR7GAGEE, its wccessors ar.d assig~s, rray, withoul notice to the htORTGAOR, deal with such tuctessor or successor in intesest with reterence fo iFis - irwrtgage and the debt hereby sxured in tha same manner ss with Mortgagor w~theut in any way vitiating or discharging ihe Mortgagor~, liability here- ~ under or upan the debt hereby setured. ho sale oi the premises hereby mortgaged and no forbearance on the ?art oi the MORTGAGEE or iis ~uccessors or assiyns end no extension of ~he time tor the payment of the debt hereby secureo given by the MORTGAGEE o: its svccessors or ass:gns, ahall operate . to rclease, d~scharge, modify cnange or atfecs the original liability of Ihe MORTG%+GOF L•~rein, either in wfiole or in parL - . - 10. It is spec~fitatly agreed that time is of the essence of lhis contrad and thal no waivar of any obl~gnlion hereuncier or of the obligation sr cured hereby shall at any time thereafter be hetd to be a wairer of fhe terms hereof or of the instr~meN s~cured her6y. _ - }1.-In add;f~on to she forego:ng month!y paym._nts of princ'pal and interest ~equced by the promissory ne!c secured hereby, mertgagor covenants ar,d agrees io p~y to_ ~iortgagee •vith each mon~h}y payr:zenl an add~i~onal sum essimated by me•:3agee to be equal to 1 j 12 of the annual cosl of the fol!ow- ing: . ' - ~ A-All real p~operty taxes lev;ed or assessed agai~sT the a6ove described real esiate. - ° ~ " B-Prem~ums on iire and v~ir.dst~rm inwrance as herein requ;red to be~ carried en the improvemezts situate on fhe above described premises. - G-Premivms oi svch mortgrge gvaranty icsurar~te as mortgagea shall ir~m t~me ~o time deem fit to carry on fhe loan secured hereby. . _ Nortgagee sha!I f~om. time to time notify mortgagor in writing of the amount due and payable hereunder and such sum shail therevpon b= due and payable on the due date oi the ~ext mo~ih'y payment and e~ch succ~ssive month thereafter urlil martgagee. shall notify morfyagot of a thange in wch amavn!. Such sums sha:l be applied by morrgagee toward lhe payment of real property taxes, insurance premS~ms, and mortgage guaranry Snsvrance - premiums. _ - - _ - ~ ~ lN ~'~ITNf55 V::;fREOf, the said 11ROP.TGAGOR has h=reunto sat his hand an~ deat t e day and year first aforesaid_ • Signeti, Seated and delivered in the presence of: ° ~ - ~,E 0 A1101tECp ~ ~ ~ary - ~T IL~C~~ C~'1MTY~ • ROCER P4iTRAS - - (Seaq . ~ CLERK ClRCUI~ C4bRT - - (seaq ' 1lECORa YER!ftEO - { (Sea1) - - ` - SiATE OF fLORIDA . 1 ~ O~ _ ~ S5. _ - - CUUfJTY OF -~S t~ T.1] C l_E?___ ~ - _ t1L.f:_~~~~ ~ ~ 8efore me penonatiy appeared 12f1~!1Cj D. r,rhA"~~ and ~ ' S!' S s3T1 !'~7'~'1 PA a his wife, to rt:e wel! known and t~nown to me to be i- 1hE individuals described in and who executed the foregioing instrumer.t, and ~cknow~edged before ma thaf they executed ihe same for the porpo:es ' ~ therein expressed. And ths said ~ - S 17 S~Tl L' . ~7'~'19 Z`C~ t ~ wife of the said ~ t11~~, ~~P 8~-. - - • vpon a separata snd privata ~ exam+nation by me taken seoarate ar,d apert from hersaid hushand, atknow{e~ged to and beforo me that she executed said instrement freely and volvn- ~ - tarily and without any compulsian, constraint, npprehens~on or f r of or from her"said husband. _ _ ~ `1,IIiNESS my hand aruJ offic~al seal th3s day of i1Ay A. p, 1q~ • ~ f - ' - ~ ~ - > - ~ - - Notary Pu51ic in. a~ or t State of Fbrid~ at rye ~ M ~ommission e ~res: Return 70: ~ y tARY P~~• S1ATE ef _FLORIDA at 1A9~~ _ First Fe:iera) Ofv'Fo t~,i~loP n Association ~Y ~!~8; ~~S<GH(~~~ ~ f~`s ~lnyj[ii1G1 ~ - - _ ~ Bot~daa i - - - fort Pierte. Florida - _ ' , _ - _ - - ;:;i::':t3ft;11 - . - n : 1' ~ '\•1~ ~ ~ t1~ . - . _ _ . J',~ ~ /I, . . This Instrument Prepared By . ~1ChaT'ti K, {s j~e8 _ . _ : Firsfi Federai~ Savings 8~ loan Association - - - - •~e~: . = ' ' - " of Fort Pierce , F''lorida • ~ ~ ` ` 1 - _ - - G R ~ ~ ~ . ~r~ - 800K~~~ PACE - G' d - ~ . ~ Checked By - _ - ` ' ° ~`~.f • _ _ =~•s ; _ . " ' i LS-• , . • - - - i • . •t 4- - - ~ /i t7 •t.:...~ . - ;jr~~(p'~,~sf13~~ 8~..~h` . * `~~Ellt!}11ll1':~? . ~ ^ - 3YS ~ - ~ _ - . . . . . _ , L-r;; .,-3,;• _ ' . " - " " 1 - - ,