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Home My WebLink About1616 To plice end tontinuovsly kaep on the buiidings now or hereaftsr •ituate on said I~nd arx! on •II :•quipmefM and p~non~~~Y cowrfd by this ma/q- ps, with ~II premium~ the~eon pa~d in full, fire insurance in thc usual standard policy form, in ~ sum approv~d by fhe MORTGAGEE, u+d wind~torm inw~~nce in the uiual •fanda.d policy form, in a sum approved by the MORTGAGEE, ir+ such company or compa~ies ~t th~ MORTGAGEE may dirKtj •nd •11 f(n and wincktorm inruronca polities on any of seid buiid~nys, •ny interest therein or part thereof, in tha a~?qreq~te wm ~fw~aaid w In ~xcew thsrwf, ihatl contain the usval standard morfgagee clause or such otfier clavss as fhe Mortgagee r~ay requir~, makiny the lo~s u~de~ sa~ci polF tin, ~~ch ~nd every, payable ro s~id MORTGAGEE as ~ts interest mey appear, end each and tvery such po!icy •hall b~ promptly ass gncd •nd dslivered to .~y Mld by iaid_ MORTGAGEE as furthe~ ~ecurity to said mort8age debt, and, not leas 1M~ ten (101 deys i~ advence of 1he expiration of each policy, to dr liv~r !o ~aid MQRTGAGEE a n+xwal thereof, toyeth~r wirh a receipt for thc pramivm of iuth renewai; ~nd thsro ~hall be no fire or windstorm insurante plat~d on any of wid buildinqa, eny interett therein or part thcrcof, un~ess in the form and with the loss pay~ble as afaresaid~ and in th~ event any tum of mon~y become~ payable under such policy or pol~ctes said MORTGAGEE ~hall have rhs op~ion ta receive and apply the same on account o4 the indehted- ~u sewrad hereby or to permit sa~d MORiGAGORS lo receive and use it or any part thrreof for other purpoaes, wlrhout th~~~by waivi~ig or impair- inp any equity, li~n w right under o~ by virtue of this mortgage; and in the event uid MORTGAGORS shall for any reawn fail to keep the faid pramises so insured, or f~il to de~iver promptly any of said policies of inxurance to seid MORTGAGEE, ar fail promptly to pay fully sny prcmium therefor a in any ~ re~psct fail to perfwm, di~charge, axecvte, effect, comptete, camply with and abide by this covenant, or any part hereof, said MORTGAGcE may place and p~y for such insurance or ~ny part thtr:of without w~iving or affecting eny option, lien, equ~ty, or right under o~ by virtua of this Mortqaqe, and the ful~ amo~rnt of ~ath u+d ewry ~uch payment sh~l~ be immediately dua and payable •nd ~hell bear i~terest from the date thereoF until paid at the rate ol nine per centum pet annum and together wiih such inte~est shali be secured by the tien of this mortqage. 4. 7o permit, commit or suffer no waste, impairment or deterioretion of said property or a~y part thereof. 5. To pay all snd singulsr the costs, charge~ and expenses, inc~uding a reatona6le attorney's fee and costs of ab~trocts of t~tl~, intu?red or paid at eny time by said MORTGAGEE, becauae or in the event of the failure on the pert of fhe said MOkTGAGOR to duly, promptly and fully parfarm, d+etharge, ~~cetute, effect, complete, comply with and eb~de by eech and every the stipulations, +greem~nts, conditions, and covenants of said promissory note and thi~ morty+ye any or either, and said coats, charges and expenses, each and every, thal! be immediataly due and payable; whether oe not there be notice de~ mand, attempt to collect or suit pending; and the full amount of rach end every such payment shall bear interest from the date thereof u~til paid at the rote of nine per centum per annum; and all sa~d casts, charges and expensea incurred or paid, together with s~ch interss~, shall be aecured by tha lien of fhfi mwty~qe. 6. That (a? in the event ot any breach of this Mortgage or default on the part of the MORTGAGdR, or (b) in the event any of sa+d sum~ of money hereln referred to be not promptly and fully paid within thuty (30) days next after tha same severally become due and payable, without demand or hotite, ar (c) in the event each snd every the stipulations, agreements, cond~rions and covenants of sa~d promissary note end th~s mortgaye sny or either sre not ~uly, promptly and fully performed, discharged, exec~red, effetted, completed, complied with and abided 5y, then in rither or any •uch event the raid ay preflate sum montioned in •aid promissory note then remaining unpeid, with interest ac<rued, and alf moneys xcured hereby, thall become due and pay ~bl• foNhwith, or tnerea`•ter, et the option of said MORTGAGEE, as fully and comple~e~y as if afl of the said sunu of moncy were originally ttipuieted f0 be peid an suth day, anything in sa~d promissory note or in this Mortgage to the contrary notwithstanding; and thereupon or thereafter at the option of faid MORTGAGEE, w~thout notice or demand, suit at law or in equity, therefore or thereafter begun, may be prosecuted ~s if all moneys secured hereby Md m~tured pr;w to ~t~ institution. 7. That in the event that at the beginning of or at any time pendirg any suit upon this Mortgage, or To foreclose it, or to reform it, or to e~Forte payment of any claims hereunder, said A10RTGAGEE shall apply to the Court having jur~sd~ction thereof for the appointment of ~ Receiver, such Court shell forthwith appoint a receiver of sai~ mortgaged property all and singuler, includ~ng ail and aingular the intomtr, profits, i~sue~ and revenue~ from whatever wurte derived, eath and every of wh~ch, it beinp expresnly undersrood, is hereby mortgaged as ii speufically set forth and deftribed in the granting and habendum cleusei hereof, and auch Receiver shatl have all the broad and effecrive f~nct~ons and powers +n anywise entr~sted by a Court tQ a Receiver, and such appn+ntment :hall be made by auch Court as en admltted equity and a matter of absolute rigM to sa~d MORTGAGEE, ~nd wirhout reierence ro the edequaty or inadequaty of the value of the property mortgaged or te the so~vency or insalvency ot sa~d MQRTGAGOR or the defertdant~, and that such renta, profits, income, issues ared revenues shail be applied by such Receiver according to the lien or equity of uid MQRTGAGEE and the practice of such Court. 8. To duly, promptly and fully perform, discharge, exec~te, effect, complete, comply with and abide by eath and every the stipulations, agreement~, conditions snd tovenants in said promissory note end ihis mortgage set forth. 9. 7hst in the event the cwnership of the mortgaged premises, or any part thereof, betomes vested in a perwn other than the MORTGAGOR, the MORTGAGEE, its succesiors and assigns, may, without notice to the MdRiGAOR, deal with such successor or wcces~or in interest with refer~~ctr to thif mortgage end the debt hereby secured in the same manner as with Mortgagor witho~t in any way vit;ating or dische.ging the Mortgagon' liability her~- under or upon fhe debt herzby secured. No sale of the premises hereby mortgaged and no forbearence on the part of the MORTGAGEE or its sutcessor~ or assig~s and no extension of the time for the payment of the deb~ hereby secured given by the MORTGAGEE or its suctessars or assipns, ahalf operate to release, dlscherge, mudify change or affect the orig(nal liab~tity of the MORTGAGOR herein, e~thar in whole or in part. 10. It is spec~fically agreed that time is of the essence of tf~is contract and that n~ weiver of any obligation hereunder or of the obli9ation sr cvred hereby shell at any time thersafter be held to be a waiver of the terms hereof or of t'~e instrument se~u•ed herby. 11. M add:tion to the forego ng monthly payments of princ pal and inte~est requ~red by the premfssory no!e securer~ hereby, mortgagor covenants and egrees to pay to mortgagee with each momh!y payrr,ent an add~rio~ai sum es+~n.ared by mortgagee to be equal to 1%12 of the annual cost of the follow- ing: A--AII real property taxes levied or assessed agai~si the above described real estate. B-Premiums on fire and windstorm insurance as here~n requ~red to be carried on the ~mproveme~te sitvate on the above described premites. L'-Premiums on s~ch morigage guaranty ir.s~rar~ce as mortgagee ahall from t'm.e to time deem fit to carry on the loan secured hereby. Mortgagee shall frcm time to time norify mortgagor in •N~;ting cf the amou~t due and payabfe hereunder and such sum shall thereupon be due and payable on the due date o4 the nezt month:y payment and each successive mcnth thereaft~r until mcrtgagee shall notify mo~tgagor of a change in such amount. Such sums sha:l be applied by mortgagee to~vard the payment of real property taxes, in~urance prem;ums, a:~d mortgage guaranty insurance premiums. I WITNE55 WHE F, the said MORTGAGOR has fierevnto set his hand and senl the day yesr firsf aforasaid. ~ n, 5paled nd d ivered in the presence of: ~ ~•tl ~ (Seel) ~ iSea1) ~ (5eal) STATE OF FLORIDA ~ couNrr oF ~S ~ in t Lu c i e - ~ Before me personally appeared L' 8 Z' 7. E. ~ 1@~T ~ and Ka the rine A 11 ey his wife, to me well known and kncwn to me to bs the individuel~ descrihxd in and who exetuted the foregoirtg instrvment, and acknowledged ~efore me that they rxecuted the same for th~ purposes lherein expressed. And the said K a t he r i n e A 1 t e~,' wife of the ~aid C a r 1 . A 11 e~ , upon a separate and privste e~am~nation by me taken separate and apart from her sa:d h~sband, ecknowledged to end before me that ahe exec~ted aaid inatrument freely and volun- terily end without any compulsion, constraint, apprehension, or fear oE or from her said husband. WITNESS my hand and offi<ial seal thia~ ~ ciay of J~~~ A. D. 19~~ ~ . - _ - ---r-_ Notary Public in and for th~ y~lil~ ,Hbiiaa~6t•tpryt.~•. Retum ro: ~ I L E D A N D R C, Q ~~y Commission expires: ~ . ~ ~ : v 1 ~ firtt Federal Savings 3 Loan Association . (~j~ _ a(J ~ K ~ g ~ i: - Of Fort P~erce. NOTAR1r pUlj,~ly ~,'fATE of~bRldl~~ LAf~6E= Fort Pierce. Fbrida I~IY ~0[NNI1~10~! ;EXPIRE.S•F~P$.r ~4.:1.46'9: ~ '65 pCT 2 6 F~1 3:"Z 3 s. : , ~ r~~,,,,,.,, . ' . ~ ' ~ a3 ! CD U l' l. " , , ' - ROG r 'r; , - K ~ ' ~ ` ST. LUCI~~ CG~U~JTYR . F~ORIDA _ ~ o~ . , t t'~ ;.~l~r. nic . , : _ ~ ~ ~29 417~ , : _..._o: . aocx . ~ ; . . . , ~ , ` ~Q,, ''~~~fliluiuul~\~1~~~ - ~ vr2'~ - _ _ _ - - -