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Home My WebLink About1917 To plan a+d ca+tinuov~ly ke~p on ~M buildir~s now o~ Mreah~r ~;ruaq on :a~d I~nd and on ~II equipm~ra u+d p~.son~ily covend by t1+is map~ p~, wilh al) p~mivmf 1l+Hwn p+id in full, fite insurant~ in the uswl ~tandard polity fotm, in a tvm approwd by th~ MORiGAGEE, ~nd windstam Nswanc~ in tM viwl i~arsdard pol;ty fam, i~ a sum app~ovtd by ~ht MORTGAGEE, in iuch c«npany or tompaeit~ +s IF+~ MORTGAGEE may dk~ctt and all fu~ a~d wiedi~wm iniwann policia on ~ny of said buildi~+ps, ~ny IM~rpt therein w put thtreof, in the +yyreq~~~ w~n afw~said or In ~xqa lherwf, shall conuin tFN ~nwl sundud margapee cls~s~ a ivch otF+N claus~ a tM Mo.ty~gee may rpuu~. ma?inp ~M loss unde~ sa~d po~i~ ci~s, ~ad~ uid ~vKy, pay~bk ro wid NWRTGAGEE at its interest may sppes?, a~d each and avery t~ch policy ihall b~ promptly ~ss.y~cd and delivered to ,~ny MW by s~id MORiGAGEE u ivnher :ecvrity ~o s+id mort~age dcbt, snd, ~ot lest than ten (10) d~ys sdvanc~ of the expiration of e~ch policy, to d~- liwr b ~aid MORTGAGEE a rentwal thtrwf, topetMr with a ~ece~pt for the premiwn of ivch renewalj and tMn shall be no f~re w windstwm insur~nc~ placsd on any of said buildinps, ~ny iotaeit thar~+n w p+rt thereof, unlesa in the form and w~~h ~M bu payabl~ ~s ~fu~said; and in ~he ~vent sny sum oi mon~y becomq pay~bl~ und~~ such policy w po~iues s+~d MORTGAGEE shall haw the optan ro receive and ~pply tM same on acco~nt of the indebted~ rNas Nevr~tl IN~~bv M b ptrmit ssid MORTGAGORS to reteive ~nd us~ tt p any part there~f tor othcr purposes, without the~eb/ waiving a~mparc- inp any puitv. ~Nn w ripht a+de~ or by virtw of this mortpayt: ud in th~ ~venl sa~d MORTGAGORS shsll fa any reason fail to keep the uid p.~m~sa w inwred, t~il to d~liver pranptly ~ny of said policies of i~turante to said MORTGAGEE. o~ fail promptly to pay fully ~ny premivm therefor w in any nsp.:: hil w patorm, dischut•e, ~x~cut~, ~f(ect, complete, comply with and ~bide by this covenant, or any part heraof, said MORTGAGEE m+y p~ace +r+~ p~Y fa wch Luuranc~ o~ any ~y?t thsrcof w~thout w~ivinp w aff~ctinp ~nY option, lie~+, equtty. a ~ipht w+d~r o~ by vi~tue of thi~ Matyape. a~d the full an+ounl of ~eth a+d twry wth p+ymant sh+ll bt immediately dw and payabte and shall be+r interest from tM dat~ thereof until paid at the rat~ of nirw pK pntum pN anrwm anc togather with s~ch interest shall be secvred by tM lien of tha mort~aye. I. To pamit, conu~Jt o~ wffK no wute, imp+irmen? w deterantio~ of ~a~d properry or +ny pan tFKreof. ~ S. To p~y aU ~nd sinpula? the tosn, cl+~rpei ~~d expenies, inclvdinp s reasonsble attorney's fee and cwts of ~bstracts of title, incvr.~d a p+~d at any tirns by wid MORTGAGEE, because a in ths sveM of the failure on ths part of the said MORTGAGOR ro duly, p~omptly ~nd fully pertwm, dixharq~. ~xacw~, ~ffect, oompkte, oomply with and ~b~de by exh ~nd every tAs itipulations, agreeme~ts, conditions, and covenants of said prom7swry note and ~his mwtpap~ ~ny w ~itlw~. u~d sa~d coits, chu~es and expsnses, e+ch u+d avery, sMll be immedia~ely due +nd payable: whe~her w not tl+e.e be ratKe da mand, attsmpt to collect ot wit pentling; and tha full ~rtwunt of each snd every suth psymtnt thalt bear int~re~t from the date thereof until p~id at the rate of nln~ per centum per amivm; ~nd all iaid costs, charges and ezpenses incu~red a p+id, toge~her w~th wch inter~st. shall be sscured by tl+~ lien of this nartp+pw 6. Tfiat (a) in the tvent of sny bresch of this Mortgaye w default on tM psrt of •the MORTGAGOR, or (b) in the event ~ny of said s~ms of money Mnin nf~~d to be no~ promptly and fully paid within thirty (30) days neat sfter the same severally beco~x due and payable, without demand o? ~otite. i or in tM ~wM each u+d every the stipulations, ~greemcnts, condiY~oru and coven+nts of sa;d promiuory note and th~s matgape any o~ either are not ~uh, promptly and fully performed. dixhsrged, executed. ~ffected. completed, ca++pl~ed with snd ab~ded by. then in eithe~ or any such event tM said ap~ prpah wm mer?t:oned in uid promissory note then reroaininy unpaid, with intcrest acuued. and all moneys setured hereby, sMll become due .and p~y~ abl~ forthwith, w thereafter, at the option of said MORTGAGEE, as fully ard completely at if •II of ~he said swns of money were aginally t~~pulated to be paid on s~ch day, anylhing in said promissory note or in this Mortgsge to the contnry notwithstandinp: ~nd the?eupon a therealter ~t the op~ion of uid MORTGAGE'_. w~thout notice or demand, wit at law w in equity. the~efwe or thereafier be9un, msy be prosecvtad a~ if all moneys sec~red hsreby h~d mafurad priOr to in irutitution. 7. That in t!w event that at the beginning of or at any time pending any wit upon ti?is Mortg+ge, or to foreclose it, w to reform it, w to enfora payment of ~~y d~ims he?eunder, said NIORTGAGEE shsll apply to the Court havi~g jurisdrct~on thereof for 1M appoimment of a Receiver, such Court ihall forthwith ~ppoint a?eceiver of sa' mortpsged property all and singular, includ~ng alt and singular the i~coms, profi~s, issues ~nd revcnucs from whatever toura dsrived, each and every o~whith, i1 being expreuly ~ndcrstood, is hereby mortga9ed as if apetifitatly set fath ~nd dewibed in the pranring and Mbend~m clauses hereof, u~d such Receiver shall Mve ~II the broad and effective funa~ons and poweri in ~nywise entrusted by a Court tq a Receiver, and wch ~ppointmeM shall be made by such Court as +n admitted equity ~nd a m+tte~ of aDsolute riyht to said MORTGAGEE, and without reference to the adpu~cy or i~?~dequacy of the wlue of the property mortgsged u to the sonrency or ~nsolvency o( is7d MORTGAGOR d the defendantt, snd that such r~nri, profits, income, iu~et and revenues shall be applied by such Receiver accwding to the lien a eqvity of s+id MORTGAGEE and the practice of such Cowf. 8. To dvly, promptly and fully p~rform, discharge, execute, efied, complNe, comply with and ab~de by each ~nd every the stipulations, ~graemenri, condirions and coveMnn in said promiuory ~ote u+d this mortgage set forth. 9. That in the evem the ownership of the mortgaged premises, a any psrt thereof, becomes vested in a penon other thsn the MORIGAGOR, tF?e MORTGAGEE, Hs wtcessors and sui9ns, may, without notice to the MORTGAOR, deal with such s~ccessor or tuttesso? in interest with re(erence to this morl~sp~ and the debt hercby setured in the ssme manner as with Ahortgagor without in soy way vitiating r dixhar~ing the Mort9sgors' lisbility herr vnder or ~pon the debt hereby secured. No sale of the premises hereby mortgaged and no fwbearance a? the part oi the MORTGAGEE or its successon or ~uigm and no extens'an of the time for the paymem of the debt hereby secured given by tF~e MORTGAGEE w its successas or suigns, shall operote ro rtlease, dischar~e, modify cl+ange or affect the orig~~al liability of the MORTGAGOR herein, either in whole or in psrt. 10. It is specifically ag~eed that time is of the essence of this contract and 1Mt oo waiver oi any obligation herevndcr or of the oblgation se- ~ and Mreby shall at any time thereafter be held to be a waiver of the terms hereof or of the instrumeM setured herby. 11. In addition to the forego:ng monthly paymmts of princ"pal and interest required by the promissory note secured hereby, morigagor covenanb and agrees to pay to mortgsgee with each monthly payrnent an add~rionsl sum est~mated by mortgagee to be equal to 1/12 of the annual cost of the follow- iny: ' A-All real prope~ty taxes levied w assessed agai~st the above described real estate. ~ B-Premiums on fire and windstwm insurance as herein requ~red to be carried on the improvements situate on the sbove desaibed premises. G-Premiums on such mortgage guars~ty insurance as mortgagee shall from t~me to time deem fit to carry a~ the loan secured hereby. Mwtgsgee shall from time to time notify mo~tgagor in writing of the amount due and paysble herevnde~ and such sum shall thereupon be due and payaWe on the due date of the ne:t monthly payment and each succasive month thereafter ur,til mortgagee shall notify mortgagor of a change in svch ~ ~mounf. Such svms shall be applied by mortgagee toward the payment of real property ta:es, inaurance prem:ums, and mwtgage guaranty insurance premiums. W17NE55 WHEREOF, the said MORTGAGOR has hereunto ut his hand and seal the day and year first afwessid. ipnad, ~led and deliv red i tF~e presence of: ~ ~L~'~ c~-•n - ~-•n . rs-.n ~+0 STATE OF FLORIDA ~ St. Lucie u' counm oF Befwe me personally appeared Inez H. Falls, a aingle adult ~r7~7c~F~, to me well known..~rid~c^'°`OfO?~^~ ~~b! tha individwb desvibed in and who executed the foregoirg instrument. ~nd scknowledged before me that they exeaited ~ie-,~irqa~''~or ths . Merein ~xpr~s~ed ~ . ~ , `7 ~ ~ . . . . ~ ' • ~ ~ ~ WITNESS my Mnd +nd official sesl thi dsy of 0{~9~. A, i ..~•~~1, ``.`a ' Notary ub~ic in and fw t St~fe o F{ondlr.*. lat . Retur~ To: - My Comm~ssia+ ex~s~ Stll! ~ F~Ofidi ~l Vtqt first federd Ssv'u~gs 6 loan Association •a~ ~~~M ~p~s ~t. 1969 oF F°r' P;e«e. FILEp AND R b Aarriw Fw i C~r Co_ Fort Pierce, florida ST. ~~~~E COUNTY ~ED' RECORD VERIFIED~' . '6~ JUL 22 P~I 3: OS 14'7126 r0;,c"R p017RAS CLERK CtRCUIT COURT . BooK 151 ~16 ~ _ _ - - - y~ ~,.~;Z; ° , _ ~