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Home My WebLink About0209 3. To place and continuously keep on the 6ul:d~nys now or here~irer s~tuate on said 'and and on ali eqvipment and personally tovered by ihif mortq• ac~e, with all premiunn thereon pa~d in full, fire ins~rar.ce in the usual srandard pol~cy form, ;n a sum npproved hy iha MORTt~AGEE, and winds~orm insurancr in the usual s~andard poCcy (orm, in a sum ~pproved by the MOkiGAGEE, in such company or compan~es as the A\ORTGAGEE may diretl; a~d all fite and w~ndstorm insurante polities on any of said build~ngs, a~y interesl therein or parl thereaf, in ihe agg~egate svm aloresaid or ~ .s~ .,~4;~, r~,...~. ~,a ~1~w A1.~rf~a~PP mry r~n~~i~e, mnMin~ Ihz lo:i under 33it~ poli• In excess thereoi, shali comain ine uwai ato~~ua~~ ii~~iiiyoJi:@ '.,~uic cr ~ - cies, each and every, payab!e to said h10RiGAGEE as i1a interes? may appear, and each and evcry wch poiicy shall be promptly ase gned and del~vered to any held by said h10R1GAGEE as fu~ther szcurity to said mort9age debt, and, noi less than ten (10) days in adva~ice of ihe expvation of each pol~cy, lo de- liver to said M110RTGAGEE a rencwal ihereof, toge~her with a reteipt fer the premium of such renewal; and there shall be no fire or ~vindsto~m insurance placed on any of said tuildings, any interest the~ein or part thereof, unless in the torm'and with the los~ payablr as aforesaid; and in the event any sum of money becomes payabt~ under such policy or policies said MORTGAGEE shall have Ihe option to rece~ve and apply the same on account o~ the indebted- ness secured hereby or to perm~t aa~d h10RTGAGORS ro receive and use it or any part thereof for o~her i:urE,oses, .viihout th~~~b~ ~v~~~•~,:3 ~r ~~:~p~ir- ing any equ~ty, lien or riqht under or by virtue of this mo:tgage; and in the event sald h10RTGaGORS shall (or any teason fail to keep the said premites so insured, or fail to deliver promplly any of said poficies of insvrance to sald h10RTGAGEE, er fail prompNy to pay fully any prenuum therefor or in any respect fail to pe~form, dischar9e, execute, efftcl, complete, comply wi~h and abide by this cow_nant, o~ any part hareof, said MORTGAGEE may plate and pey for such insurance or any part thereof withoul wa~ving or affecting any option, !~an, equity, or r~ght under or by virtue of th:s hlortgaye, and the ' tull amounl of each and every such payment shall be immediately due and payable and shall bear interest from th~ date thereof uniil paid at the rate ol nine per centum per annum and to3ether with such in!erest shall be secured by the lien of this mortgage. 4. To permit, commit or suf(er no wasfe, impairmenl or detrrioration of said property or any Farf thereof. 5. To pay all and singular the ~cos~s, chzrges and expenses, including a reasonable atrorney's fee and costs of abstracts of ti!le, incur~ed or paid at any time by sa~d h10RTGAG:E, because or in the event of the failure on the part of the said l~10RTGAGOR to duly, promprly and fully perfo:m, d~scharge. exetute, effect, complete, comply with and ab:de by each and eve~y the stipulations, agrezments, conditions, and tovenants of said promissory note and thif mortgage any or eiiher, and sa:d costs, charges and expenaes, each and every, shail be immediately due and payable; whether or not there be notice da mand, atiempt to co~lect or suit pend~ng; ar.d the full amount of each and every such payment shall bear interesl from the date thereof until paid af the rate of nine per centum per annu~r and all said costs, charges and expe~ses incurred or paid, together ~vith such iNerest, ihall be setured by t1~Q lien of thi~ mortgage. A. That (a) in the event of any breach of this Mortgage or default on the part of tfie h10RTGAGOR, or (b) in the event any of sa~d s~ms of money herein referred to be nol promptly and tully paid within thirty (30) days nex~ aftcr the same severally become due and payabla, without demand or notite, or (c1 in thz even~ each and every the stipulations, agreements, conditiors and covenants of sa.d promissory note and th~s morlgage any or either are no1 iuly, promptly and fully perFormed, d~scharged, executed, effetted, completed, complied with and abidzd 5y, then in e~ther or any such event tne sa~d ag• gregate sum mentioned in said promissory note then remaining unpaid, with interest accrued, and all moneys secured hereby, sha~l become due and pay- able fortli~vilh, or thereafter, at the option o( said h\ORTGAGEE, as fully and comp~etety as if all of tlie said sums of money were or~ginally stipulated to be pa~d on w.h dty, anything in said prornissory note or in this hlortgage to the contrary notwithstanJing; and thereupon or thereafter at the option of said h10RTGAGEE, without no~~ce or demand, suit at law ot in equity, th?refore or thereafter begun, may be prosecuted as if all moneys secured hereby had matured prior to its institution. 7. That in the evenT that at the beginning of or at any time pending ar,v suit upon this Mortgage, or to foreclose iT, or lo reform it, or to enfo~ce payment of any daims hereunder, said A10RTGAGEE shall apply to the Cou~t having jurisd~c~ion thereof for the appo~ntmeM of a Rec<iver, such Court shall EortFiwith appoint a receiver of said mortgaged property all and singular, includ~ng all and singular the income, prolits, issues and revenues from whatever source derived, each and every o) wh~ch, it being expressly undersrood, is here6y mortgaged as if speci(icalty set forth and destribed in the granting and habendum dauses hereof, and such Receiver shal~ h~ve all the broad ar.d eifecrive (unu,ens and powers in anyw~se entrusted by a Court to a Receiver, and tuch appointment shall be macle by s~ch Court as an admitte equity and a matter of absolute righl to said h50RTGAGEE, and withe~t reference to the adequacy or inadequacy of the value of the properry mortgaged or to the sowency or ~nsofvzncy o( said MORTGAGOR o~ the defendants, and that such renrs, profits, intome, issues and revenues shall be apptied by~such Receiver according to the lien or equity of said 1.10RTGAGEE and the practice of such Covrt. 8. To duly, promptly and fully perform, discharge, execute, effect, complete, comply v~ith and abide by each and every the stipulations, agreements, condi?ions and covenants in said promissory note and th~s mortgage set forth. 9. That in the event the ownership of Ihe mortgaged premises, or any part thereof, becomes vested in a person other than the MORTGAGOR, the h!ORTGAGEE, its successors and assigns, may, withou) notice to the tJ10RiGAOR, deal witti such successor or successor in inlerest with reference to this moftgage and the debt hereby secured in the same manner as with ~.5or!gagor without in any v~ay vit~ating or d~schaig~ng the 1.lortgagors' liability here- under or upon the dzbt hereby sec~red. No sale of the premises hereby mo~tgaged and no forbearance on Ihe parl of the /1lORTGAGEE or its svccessors or assigns and no exiension of the time for the payment of the debt hereby setured given by the MORTGAGEE or its succesaors or ass:gns, aiiall operate to release, d~scharge, modify change or affect the o:iginal liauility of the MORTGAGOR here~n, either in whole or in part. 10. It is spec~fically agreed thal time is of the essente of this contracr and that no waiver of any obligation hereunder or of the obligation sr cured hereby shall at any time thereafter be held to be a waiver of rhe terms hereof or of the instrumero secured herby. 11. In add~tion to the forego~ng monthly paym~MS of print pDl and ir.terest required by the promisscry no!e sec~red hereby, mortgagor covenaMs and agrees fo pay to mortgagee with each momhly payment an add~~ional sum est~ma~ed by mortgagee to be equa! to 1;'12 of the annual cost of thz follow- ing: A-All real property taxes lev~ed or assessed against thc above desuib~d real estate. B-Premiums on fire and v.indstorm insurar.ce as herein requ~red to be carried on th~ improveme~ts s:tuate on the above dzscribed premises. C-Premiums on s~ch mortgage guaranty ins~rar~ce as mortgagee shall from t~me to ti~ne deem iit to carry on the loan secured hereby. Rlorigagee shall from time to lime notify mortgagor ~n v+r~t~ng of the amount du~ and payabte hereundzr and such su~n shall thereupon be dve and payab~e on the due date of th> nexi mo~th!y paymem and each successive month thereafter until mcrtgagee shall not~fy mortgagor of a change in wch amoun!. Such sums shail be applied by mortgagee to•riard the paymeni of real property taxes, insvrance prem:~ms, and mortgage guaranfy insurance premiums. ~N YlITNESS VJHEREOf, the said MORTGAGOR has hereunto set his hand and seal the day and year (irst aforesaid. igned, Sealed and delivered in the presence of: i ~ 9 ~1 ~N ' ~I~L.~--.,~" ~ ~ea[) ' ~ - ,~LL f r ` _ `~Jl~'L~va~) ~ ~ ~ 1 (Seal) / (Seal) $TATE OF FLORIDA S5. COUNTY OF St. Lucie ~ Before me personally appeared Allen s7 MOI'T~~4 and MarY Fr riCeB Morris his wife, to me well known and known to me to be the individuals dezcribed in and who executed the foregoing inslrument, and acknowledged before me that they executed the same for the purposes therein expressed. A~d the said Marv Frane e s Morr i s wife ot the said Allen J. Morris , upon a separate and private examination by me taken separate and apart frcm her said husband, acknowledged fo and before me that she executed said jtuttumen),freely and volun- farily and without any compulsion, conslraiM, apprehension, or f~ar of or from her said husband. ' '-.''~i; WITNE55 my hand and o{fidal seal this day of r' •s`~•~-.~., ~?:~~;,19~ _ ; ~ 6 t.~7~--,~ ~ - ' _ : . ' Notary Pubtic in and for 7he S}ete,of florida bria~ge ~~1y Commission expires~{tt}f'Pil~(;:State of ~Joqda Ltrqe Return To: p 'f~Sy Corryn~iision Ezpires Se~)t. 2~, 14b9 First Federal Savings b Loan Association F~ ryi\ E O. R D E D Epildd 6r ArrerKa6 Firo ~,G~wIK Co. Of Fort Pierce. • ~[Q~l~vti Z O Q K , Fort Pi rr~al;R~tt ~~Yt~- . r ~j. 3/~y • ~ .r •~~1%,~ ' . ~ ~ ; ~^n G~'~ : ~.,~<<~! 2 8 P~~I 3: 0 0 . . G~ ~'I ~:~1 ~_`.t/G+t-- ~ - ~,r: - .y t~ _ ;;;j•~~~, _ ~ ~ CLERK - - ~ . ' ;.r ROGt~;; ;':~i i~.;i::~. - . • - 4 ~ :i _ ' s . ' : _ ST. LUCIE COU~JTY, , •-_~'i.~ j F~ORIDA ,y''•, '•i::";., - . t ~ ' ~ :i~. ~7 c ~ ~ , . • • .:.'1':t•:1-~ ~ _ _ aa~ ~~9 ~ _ ~