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Home My WebLink About1259. B~YK ~~ PACE~Vt,f _ ._. sr, ~E1~t~ ('~ Ty 1. Tc place and centlncrously leap on tt.e b:~lldrnpa now w hereafter srew» on aaidAn•}~f~i kh ~ri~Arort and personally covered by this mong- ags, with ail premiu~u thereon pa&! to fvl:, Hn Irsaurenp k• tfta vtwl staaria•d polity form, in a sum approved by eM MORTGAGEE, end windstorm (nwrance let the usual standard policy form, In • wm approved by (fsa 1NORTGAGEf, in wch cofsspany or companlea n tM MORTGAGEE may direct; artd all lira and wirxisterm Irswrarue polkiea rm any of aid hsrgdinga, any 1Marest tl»rsin or part iharwF, in the aggregate sum aforesaid or in rxcsss thereof, rMll con»:n sM ussrat standard mortg•paa ctavae or such ottsar clause ss the Mwtgagea tttey require, making the lou under said poll- des, ,esch and awry, payabN ro said MORTGAGEE N ih interNt may appeaa, and .ach and every such policy sMtl be promptly asa:gned and delivered to any hard by said MORTGAGEE as fvr+fier aecvrity to said mortgage debt, and, not lava than »n (10) Jaya In advance of 1M expiration of each policy, to de- liver to uld MORTGAGEE a rsrrwal thereat, togetMrwfth a r+caipt for tM premium Of such renewal; and then shall k,e no fire or windNo:m inauru.ca plKed on any of raid bulldicgs, any in»+nt therein of part tM-eof, unleu In tM form and 'with the loss payable as aforesaid; and in tM event any wm of mortay becomes payable under wch policy a poi:des said MORTGi..iEE -hsll hew tM option to receive and apply -M ume on account of tM indebted- ness secured Mnby or ro permit aid MORTGAGORS ro receive and use It or any part thoreof for other twrpoaos, without thereby waiving or impair- ing sny tquiry, Ilan or right under of by virtue of this mortgage; and In the avant said MORTGAGORS sMli for any reatan fail to keep the said premises so Insured, or fall ro deliver promptly any of said policies of Insurance tq said MORTGAGEE, or fail promptly to pay fully any premium therefor a in any respect fell ro perform, discharge, execute, effect, complete, comply with and abide by this covenant, or any part hereof, said MORTGAGEE may place end pay for such L•ssuranu or any part tMreoi without waiving or affecting sny option, Ilan, equity, or right under a by virtue of this A'wrtgege, and the full amount of esch and every such payment shall be immediately due and psyable and shall bear Interesi from the date thereof until paid at the rate of nine per centum par annum end together with such interest shall be secured by iha lien of this mortgage. 4. To permit, commit ar suffer no waste, Impairntsnt or deterioration of acid property or any part tMrsof. S. To pay all and singular tM costs, cMrgrs and expenses, Including a reasonable attorney's fee avid costs of aostrads of title, incurred or paid at any time by said MORTGAGEE, because or in the event of the failure on tM dart of the said MORTGAGOR to duly, promptly and fully perform, discharge, execute, affect, complete, comply with and abide by eKh and every tM stipvlatioru, agreements, conditioru, and covenants of said promissory note and this mortgage any or either, end said eoste, charges and axpenass, each and wary, shall M immedb»ly due end payable; whether or nut there be notice des mend, attempt to collect or suit pertdirtgr and tM full amount of each and every avch payment shall bear interes- from the data thereof until paid U the rate of nine per centum pot annum; and alt raid costs, charges and expanses incurred or paid, together with such interest, shall be secured by the lien of this mortgage. 6. That (a) In the event of any breach of this Mortgage or default on the pert of tM MORTGP.GOR, or (b) in the avant any of said sums of money herein referred to be not promptly and fully paid within thirty (30) days next after the same severally become due and payable, without demand or notice, or (c) In the event each and every the atipu:ations, agreements, conditions and covenants of said promissory note and this mortgage any or either era not duly, promptly and fully performed, discharged, executed, effected, completed, complied with and abided by, then in either or any such event the ssid ag- gregate sum mentioned in said promissory note then remaining unpaid, with interest accrued, and all rrwneya secured hereby, shall become dva and pay- able forthwith, or thereafter, at the option of said MORTGAGEE, as fully .and completely et if ell of the said sums of money were originally stipulated to be paid on each day, anything in said promissory note or in thin Mortgage to tM contrary notwithstanding; and thereupon or thereafter at the option of said MORTGAGEE, without notice or demand, cult at law or In equity, therefore or thereafter begun, may be prosecuted as if all moneys secured hereby had matured Wfor to iu Institution. 7. That in the event that at the beginnirsg ~f or at any time pending any avit upon this Mortgage, or to foreclose It, or to reform it, or to enforce payment aF any claims hereunder, acid MORTGAGEE shell apply to the Court having jurisdiction thereof for the appointment of a Receiver, such Court shall Forthwith.appoint areceiver of said mortgaged property all and singular, Including all and singular the income, profits, Issues aitd revenues from whatever source derived, each and every of whicFt, it being expressly understood, is hereby mortgaged es if specifically set forth and described in the granting end hebendum clauses Mreof, end such keceiver shall have all the brood and effective functions and powers in anywise entrusted by a Court to a Receiver, and such eppulntment shall be made by such Court as an admitted equity and a matter of absolute right to said MORTGAGEE, end without re(,erence to the adequacy or inadequacy of the valve of the property mortgaged or to iha w'vency or insolvency of said MORTGAGOR or the defendants, end that such rents, profits, income, issues and revenues shell be applied by such feceiver according to the lien or equity of said MORTGAGEE and the practice of tech Court. 8. To duly, promptly and fully perfor,n, discharge, execute, effect, complete, comply with end abide by each end every tM stipulations, agreements, conditions and covenants in said promissory note and this mortgage :et forth. 9. That in the anent the ownership of the mortgaged premises, or any part thereof, becomes vested in a person other than the MORTGAGOR, the MORTGAGEE, its successors end assigns, may, without notice to the MORTGAOR, deal with such successor or successor in interest with rotate to this mortgage end the debt hereby secured in the soma manner as with Mortgages without in any way vitiating or discharging the Mc-tgagors' liab lily Kerr under or upon the debt hereby secured. No sale of the premises hereby mortgaged and no forbearance on the part of the MORTGAGEE or its successors or assigns and no extension of the time for the payment of the debt hereby secured given by the MORTGAGEE or its successors or assigns, shall operate to release, discharge, modify change or affect the original liability of the MORTGAGOR heroin, either in whole or in part. 10. It 1s specifically agreed that time is of tM essence of this contract end that no waiver of any obligation hereunder or of the obligation sr cured Mreby shall at any time thereafter be held to be a waiver of the terms hereof or of the instrument secured herby. 11. In addition to the foreSJoirg monthly payments of princ'pal and interest required by the promissory no!e secured hereby, mortgagor covenants and agrees to Fay to mortgagee with each monthly payment an additional sum estimated by mortgagee to be equal to 112 of the annual cost of the follow- ins: A-All real property taxes levied or assessed a9einst the above described real estate. B-Premiums on fire and windstorm insurance as herein required to be carried on the improvements situate on the ebc.•ve described premises. C-Premiums on such mortgage guaranty insurance as mortgagee shall from time to time deem fit to carry on the loan secured hereby. Mortgagze shall from time to time notify mortgagor in writing of the amount due and payable hereunder end such sum shall thereupon be due and payable on the due date of the next monthly payment and each successive month thereafter until mortgagee shall notify mortgagor of a change in such amount. Such sums shall be applied by mortgagee toward the payment of real property taxes, insurance premiums, and mortgage guaranty insurance premiums. IN YJITNESS WHEREOF, the said MORTGAGOR has hereunto set his hand and sral the day and e r fir aforesaid. ,~-i' n Sealed a~delivar m th esence of: ~ ^'~, r y/ ' ~(Seal7 -~il.t.~~ GG~'t;~ (Sear] . (Seaq (Seaq STATE OF FLORIDt ~ ~' SS. COUtrTY OF _ ci?: , I,lt [~ i R s . Before ma perwnally appeared tf,;;~Rrs r•N ~' n ' x Ruth Wix hie wife, to me well knc rho individuals described in and who exKVted the foregoing instrument, and acknowledged before me that they sxecWed Guth Wix - ,' . ~ r l'` `, ar5d .-_.,=. trVstl fo roe •i~ b•- hAl purpdtba `s ~ .. therein expressed. And the Laid _ - - wife of the said Ashmore t7 W X _ ~ t~t~~~ ++~ ets~td'~s?{~ examination by me taken separate and apart from her ssid husband, cknowledged tc and before me that the executed said'~atr~pent f ~ ~dZzd~rs• tarily and without sny compuhlon, constraint, apprehemion, or fear or from Mr acid husband. 4~~Y rsJ.,~` • + ~ WITNESS my hand end official :eel this- ~' day of N ~ ~~~•a.• 9 Return To: first Federal Savings L loan Association Of Fort Pierce. Fort Pierce, Florida ~~ .~~ ~~ Jf ~~ Batt, ~ ~~~ Notary Publk in end for the State of Florida #t Larg~ ~~~~~ My Commiulon sxpirNyt;iry PubiiC, State o o a at Large 1 My Comn-r+ss,on Expires Nov. 3, 1g6., 80r:dod by American Surety Co. of t`1. Y. F~~ A~D RECORDED IN. icia I~~c r~_ ~30~K 196c NOV 27 Phi 2: ~E9 ROGER POITRAS, CIERK ST. LUCIF_ COUNTY, flORIOA n~~~~ \ . ~ • 'mot