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Home My WebLink About0022 To pl~u and contiewously kNp on ~h~ buitdin~ now w Mreafte~ situate oe~ iaid l~,d and on all equipme~t and p~rson~ify covKd by thi~ enwfp~ p~, with all premiwMt ~hsrwn pald i~ full, firo insuranc~ ir+ tM uswl s~sndard policy fam, ~n • ium approvd py tM MORiGAGEE. ~nd wincbtwm lnwrana in ~h~ uswl sundud po~~q fam, in a sum ~pproved by iM MORTGAGEE; in such company w canpani~s u~M MORTGAGEE may dk~ttr +nd all fu~ and wu+dsta~ iniurann poliues on any oi s+~id build~~ys, any i~M~at th~rei~ o~ pa?t ~he.eof, ln tM spyreyar~ svm ~forts~id a M~xau ~hawt, shall contain th~ w~+l stu+dard ma~9ayt~ cl~~se w s~ch otF+K cisuu a tM Mat~~yee n+ay rpu'a~, makinp ~M loss ~nda said po1F ci~s, ~ach ux! ~vsry, p~ysbl~ ~o uid MORTGAGEE u i~s intaesl may app~ar, and e~ch and ~wry tuch policy shall b~ pranptly ~u:9ned and dslivercd ~o ' ~ny I+~Id by said MORiGAGEE ~i furthe~ wcur+ty to sa;d monpaps debt, and, nw I~ss ~ha~ tM (10) days in sdvance oi tM ~xpir~tion of Nch policy, ~o d? ~ tivM fo ~aid MORTGAGEE a ~MSw~I thtrwf, M9ethe~ with a receipt for tM prsmium of wch renew~ts arxl then shall be no fir~ w wind~torm infwant~ plaad on any of s~id buildirgs, ~ny U?te?n~ therein w p~~t ~hereof, unleu ie tht foren'and w;th tlk loss payabl~ as afa~s+idj and in tM ev~nt any wm oi nwrNy become~ p+y~ble u~d~r wch policy , pol~cies said MORTWIGEE ihall haw tM opt~on a r~ceiw and ~pply tM ~me on accoum o1 ~he ind~bTed~ e?ps secvr~d h~r~py p b permit ~sid MORTGAGORS to reteive and ~se it a any put the~eof fa other purposes, wirhout rh.vebr waivFng a impair- inp ~ny puiry, lie~ w ri9ht w~de~ or by virtw of this morlpap~; ~nd in th~ ~ven1 ~aid N10RTGAGORS shsll fw s~y rtason f~il to keep the aid premiies so ir?wred, a f~il w dsliver promptly any of ~aid policies of insuneu ro s+id MORTGAGEE, w fail promptly tp pay fully any premivm ther~fo? or in ~ny nr~pact fail w perform, discharge, e:ecute, effect, con+plet~, eomply wirh a~d abid~ by thi~ covenant, a any part he~eof, iaid MORTGAGEE may pl~ce snd pay fw such inw~anc~ w ~oy pan tl?Keof without walvinp w affectinp ~ey op~ion, IiM, poity, o? ~ight undN or by vi~tw of this Mo.~~a~, and tM full ~mo~nt of ~ach and ewry wch paymeM si~sll b~ imrnediately dvt ~nd payabl~ and sMtl besr intarest from tM dat~ ~he~eof until paid a1 th~ r~1~ oi nirN pK ce~tum per a+rwm and togetner with sucA mtereat sMll bs secured by ti+~ lien of this matp~Qe. 1. To permit, caevnit or iuffa ew wsst~, impairment or deterior~tion of aid property or any p~?f the?eof. S. To paY alt and sinpulu tta~cosb, c~sryes s~d e:penses, ~ncluding s ressonabk attwney's fee and costs of abstracb of title, incurred w p~id ~t any time by iaid MORTGAGEE. bec~use w in the'~vent of tM hilure on the pah of tM said MORiGAGOR ro duly. promptly and fuliy perfam, d~sci?ergR execvte ~ffect. compkt~ comply w~th and ab~de by ~ach and avery the stip~rlations, agreemenn, condition~ and coveeants of s~id promiuwy note u+d this matyape u~y w eithc?, snd sa~d cosn, charges ~nd ~xperws. each and every, tMll be i~nmediatcfy due and paysbts: wf~etMr w not there be ~otice da reWnd, anempt to colkc? w:uit pend~ng; and t!w fvl! xnovnt of ~ach u~d every wch paymeM ihall bea. i~te~at from the dat~ thereof until paid at the ratc oi nine per centum per annum; and all said cdsri, chuges ~~d e:penses i~cw~ed w paid, together with such intereit, aMll b~ secwed by tl+~ lien of this mort~ape. 6. that (a) in the evee~t of any brea:h of this A~artgage or defavh on the pan of ths MORTGAGOR, w(b) in the eveet any of ~aid wms of morKy ~ haein nfarred to be not promptly and fully p~id withi~ thirty (30) days nex~ after the same sevc?~Ily become due ~nd payabl~, witlw~rt demand Or notice, ~ w(c) in th~ ~wnt each and every the atip~lations sgreemenq. condctions ~nd cove++~nn of satd promiuwy ~ore a~d th~s matgape any a~;~her ~n rtM ~uly. promptly and fully perfamed, d~scMrged, executed, effected, complcted, complied wi~h and abided by, then in e~ther w sny iuch event th~ said ~ pres,~t~ wm m~roiaMd in ssid promiuory note then rem~ining unpaid. with interes~ ~cvued. and aIl moneys s~cured Ix?eby, sMll becwne dw and pay~ abk fwthwith, Of tI1ltNffN. ~t the op:;on of satd MORiGAGEE, aa fully snd completely as if all of the sa~d wms of monsy were wig;n~lly tNpulated to be paid on s~cl+ day, snything in safd promissory eate or in this Mafgage ro the contr~ry norwithsfanding; aod thereupo~ or thereafter at th~ option ot ssid 11IIORTCsAGEE, wi~hout notke or dem~nd, suit at law o~ in equiry, IF1l~t~OfQ Of MIIYNftN ~KJUII. may be prosecuted as if all ma~eys s~cured hereby had mitured prqr to ib inalitulion. 7. That in the evc~t tl+~t at the beginnin9'of w at ~ny time pe~ding soy wii upon this Mortgage, or to foreclote it, w to rofwm it, o? to enfores p~yment of any claims he~eunder, said 1NORTGAGEE shalt spply to tFK Coun having jurisd~ction thereof iw the eppomtment of ~ Receive~, such Courf sha11 { fatliwith appoiM s receivct of said mat9sged property all and singular. includ~ng all snd singulsr the income, profiu, issues ~nd revenues from whatever ~ w~rce derived. each ~nd every of which, it beinp expressly understood. is hereby mor~ spec Y 9ranting and ~ gaged as if ~ficall aet fath and dewibed in the hsbendum ciauses hereof, and such Receirer s}wl! Mve aN the broad and etfectire funct~ons and powera in a~ywise entrusted by ~ Court to a Receiva, and i :uch +ppointment shall be made by such Caxt +s an admitted equiry and a ma~ter of ~bsolute rgh~ to ssid MORTGAGEE. srtd wi~hout refe~ence to tha ~ adequscy or in~deqwcy ot the wlw of the propery mongsged or to the sotvency w insotvency of aid MORTGAGOR a the detendants, and fhaf such re~t• prolits incane, iuues ~nd rerertues shall be ~pplied by such Receivcr accord~ny to 1he lien w equity of sa_id_ ~ORIGAGE~~tnd tFie practice of :uch ~ 8. To duly, promptly and fvlly pcrfwm, dixharge, execute, effect, comptete, comply wi~h and abi::e by each and every fh~ stipulationt, agreeme~ts, co~d'etam aed coven~nts in said promissory note and this mwtgsge set forth. " 9. Th~t in the event the ownership of the mortg~ged prem;ses, a sn y part threof, becomes vested in a person other than the MORTGAGOR, the MORTGAGEE, in avcoesson and auigm, msy, withou~ notice to the MORTGAOR, deal with such wccessa or succsupr in'(rHerpt Laith reference to this r mortgags and the debf he~eby setu?ed in the ssme manner as with Mortgsgor without in a~y way vitiaYag w ing.:t~,Mott9sgors' liability h~ra under w upon the debt hereby secured. No sale of ~he premixs F~ercby mortgaged and no fofbearance on fhe pa - hq ~(;AGEE or its succesw?s or auignt snd no extension of the time ip the payment of the tkbr hereby secvred given b~r 9the"lNORTGAGEE ' i~,'~~' a issg% sMll operate ro releast, disdurpe, modify change or ~ffect the wiginal liabiliry of the MORTGAGOR her'euy eithar in wlak or iri, part. 10. It is specifical{y agreed that time is of the essence of this co~tract and th~t no waiver of any oblig~tion herevnder or of th~ obligaf'an se- ~ a:red hereby sl+alt at any time thercafter be Ixld to be a waiver of the terms hereof or oF the instrument secured herb~. 2 t i. In addition fo the forego:ng monthly payments of princ"pDl and imerest required by the prom:uory note secured hereby, mortgagor tovenants j and agrees to p+y to mortgagee with each monthly payment an add~~ional sum esr~mated by mortgsgee to be eqvsl to 1/12 of the annual cost of the follow- ~ ing: A-All real property taxes (evied w asseszed against the above dexribed ~eal estate. { 8-Premium: o~ fire and windstorm insurance a: herein requued to be carried on the improvcmtnts situate on the above deuribed premises. t C-Premiums on such mortgage gusranty insurance as mortgagee shatl from t~m~ to time deem fit to carry on the loan secured hereby. ' Mortgagee ihall from time to time notify mortgagor in wr;tirg of the amount d~e and payable hereunder and such sum shall thereupw~ be due and psyabk on the due dare of rhe next monthly payment and each successive month thereafter urtil rtw?tgagee shall notify mortgagor of s change in such amo~nt. Such sums shall be applied by mortgagee toward the payment of real property taxes, insura~?ce prem:ums, a~d mwtgage guaranty irourance promiums. !N WITNESS YVFlEREpF, the said MORTGAGpR has hereunto sct his hand and ual the day a first aioresaid. S~pmd~ and de ' ed in the presence of: aQ n STATE OF FIORIDA 1 - St. Lucie ~ ~ eerorcmep...«?a~~y,ppea?ed Reginald Gordon LU19 Be lle Gordon his wife, to me well known and known ro me to b~ tha iodiridwls described in and vrho execut t ed he for i t egang ns rument, ~nd ~cknowledged before rr,e tMt t executed the sams tor ~ ~Y the purpo~es r~.~~.~.~.ea. a~a tn...~_ Lula Bell Gordon I~ wife ~t r~,. ,.;d _ R e g i_ n a? d l'~s~l on ~ s separate and pirvat~ ~ eaaminatioe by me hken separate and spsrl from her said husbsnd, acknowledged to and before rn~ that she executed said imtrument freel y and voluo- ~ t a r i l y a n d wi t h o ~ t uqr compv lsion, constraint, appre h e n sion w fear of w from her ssid husbsnd. , WRNESS my hsnd a?d officisl ~eal tl+u day of Februar A. D. 19 Notuy P K in ~nd fw tFM State of Fbrida af lupe My iuion expires: Retum Ta. First federal Savinps 3 Loan Assoc;at;on Notalry PubMC, 3ta1a ot lbriQ~ at L,'i~ge Of Po?t P:erce. RD~p My Commission F~cpirtt Aua. 6, 1967 ~ .r•o.t ~~e:ee. Ft«~ds F~{ ~,Q aNG~~ $oOK Bond~d ey American Sunty Co. ot N. Y. E i . . iv ~ ~1~+t ~ • R. , ~ ~ ; ~ ; - . , ~ ~ pa 3 : ~ ~ _ _ ' ~ - _ . _ 4 ~ : = ss FE~ _ . . _ . _ . ~ c .~4, 14~~`) i ~ _ 4~-- . . L _ i20G k ~ RHS. CLERK ~ ~ ~ ~ ' = J'~~ ' gT. LUCIE COUNTY. ~ :`J'~ FlOR1D~. ~ , ~ ' - - _ ~ gooK139 - 19 ~ . . ~ ~ . __r ~ _ - - - - _ _ . ~ ~