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Home My WebLink About2143 ~ 1. to placs and continwvdy kcep a+ ~M bu~tdln,~s now o~ hs~eaftN ~~twt~ on ia~d luid ~nd on ali equipment ~nd penon+lly covaed by thi~ mort~ +g~, with ~II p?anivms fl?ereon pa~d i~ full, fire iruurance in the usual s~andard polKy form, in ~ sum app~owd by tM MORTGAGEE, ~nd wind~tam i~wr~nc~ in tM uiwl atandard poGCy fwm, sum approved by ~he MORTGAGEE, in s~ch comp~ny w tompan~es +s tl+~ MORTGAGEE may dhectj ~nd all fln and wind~torm uuvrancs polKies on a~y of said b~ild~~+ps. any i~t~resl therein or part tMreoi. in the a~rey~?e sum aforsssid o? In ~xcsss therwf, ~h+ll contain tM ~sval sund~rd ma~gagee clause w such other clause ai tM Mwtya9ee may requu~. makinp ths loss unda sa~d pd4 ues, sach ~nd ~vtry, payab~~ to ~ld MORTGAGEE as ~ts interest may ~ppear, and esch a~d eve~y t~ch poiicy ~hall be promptly ~u gncd a~d deliverad ~o •ny Mld by ~aid MORiGAGEE ~s furthe~ seturity to said mwtyaga debt, snd, oot leu tM~ ten (10) d~ys in advance of the expiratan of each poliq, to da i liver to Nid MORTGAGEE a r~newsl thereof, ~ope~l+N with a receiot for the premi~m of such ~enewal; and then ihall bt ~0 1~~e or windstam insur~nc~ plec~d on ~ny of said buildinps, ~ny interest thaain w put thereof, unless in ~he form and with Ihe lou payable at atae~+id; and in tM event any tum of nwn~y becom~s payaWe undK such policy o~ policies said MORTGAGEE shall have the oprion to receive and apply the iame a+ acco~nt of the indebted- nass fuvrtd txr~by w W pe~mit said lNORTGAGORS lo receive ~nd ~se it w any part thcreaf fa other purposa, without the~eb~ waiving o~ ~mpair- ing any puity. ~i~n or ripht under o~ by virtw o+ this morlg~ge; a~ in fhe evee+t said MORTGAGORS shall fa ~ny reason iail ro keep 1he i+~d pr~miies so intured, q fsil to delivet promptly an; of said polities of insurat+ce to said MORTGAGEE, w fail promptly fo p+y fvlty ae?y premium therefw w in any rsspect fail w p~rfam, discharye, execur~. ~ffed, complete, comply wi~h ~+d ~bide by this covenanl, a+ny part hereof, sa~d MORTGAGEE may p~+ce a~d pay fa wd+ inwranc~ w any p~rt the~euf without waivinp or ~ffactinp any opt~on, lien, puity. w ri9ht under w by virtw of this Mort9spt, and thc full amamt of tach w+d ~wry sucA p+yn.ent shall bs immedi~tely dw and payable and shall bcar i~tere:t t~om ~M dat~ thereof until paid at ths ~ate ot n~ne p~r ctntum pK ~nnum and togNlxr w~th wch intaeat shall be :ecured by Ihe lien of this matpage. 1. To prmit, eannut o? wffer no wast~, impaument or deterioration of ss~d prope?ty w any part thereof. S. To p+y ~II and sinp~lu th~ costs, cMrges ~nd expenses, includirg a ~easonsbte atrwney i fee snd costs of abitracts of title, incurred w p+~d a~ any time by said MORTGAGEE, baca~se w in the event of the failure on the parl of ~he said MORTGAGOR to duly, promptly and fvlly pe~form, dixhar9e, •xecu», effett, compleq, comply with and ~b:de by each and every the stipulations, +greements, cond~Nons, •nd co~en+nn of sa~d promissory note and this morr~ap~ any w ei+~w. snd said costs, cMrges snd expenses, each and every. shall b~ immediately due and payable: whether w not there be r.otice d~ mand, ~tfempt to colktt ot suit pending; and 1M fvll smovnt of each and every such payment shall bear iM~rost from 1he date ihe~eof ~ntil paid at tht rare of nint per ceotum per ~nnum; snd all said cosn, charges and e:penses incurred w paid, toge~her with such interpt, ihall bs tecured by the tien of thu morty~. 6, ihat in the event of ~ny breach of this Mortgage or default on tM part of the MORTGAGOR, or (b) in the event aoy of w~d sums of money henin r~f~rred fo b~ not promptly ~nd fully p~id within thirty (30I days next after the same severafly become due and payable, wi~hout demand o? notite. or (c) In tM ewnt ~xh and every the stipula?ions, sgreements, cond~~ions and covenants of sa~d promisso.y eote and th~s mortgage any a either are nol iuly, p?omptly ~nd fully performed, diuharged. executed, effected. completed, compGed with and abided ~iy, then in either or sny tuch ewM the said a¢ preya» wm mentioned in said promissory rate then remaining unpaid, with interest acuued, and a11 moneys secured hereby, :MII become dw and pay~ ablt fwihwitl~, ot thereshK, ~t ths option of said MORTGAGEE, ss fully and completely as if all of the said s~ma of money virc?e w~p~o+l~y sNpulated to bs paid on suth day. ~nythinp in uid promiuory rwte w in this Mortgage to fhe contrary notwithstandiny: and thereupw~ o? thereafter sl the option of ~a~d MORTGAGEE. witho~t notice o? demand, wit at law or in eq~ity, therefore w ther~ahcr begun, m~y b~ proxcuted as if all moneys secvr~d hsreby had mafutld priOr fo iri institution. 7. Th~t in tM eveet th~t at the be~inninp of or ~t any time pending any suit upw~ this Mortgage, w to foredos~ it, or fo reform H, o? to enforc~ payment of ~ny d~ims hereut~der, said MORTW?GEE shsll apply to the Court having jurisdiction therooF for ths +ppointmtM of s Receiver, such Cour1 sMll forthwith ~ppoint ~ receivp of ss' mortgaged property all and singular, includmg atl and singular the incom~, proiits, iuues and revenues from whatev~r wurce de?iwd, ~ath and ~wry o~which, it btirg txpressly under:tood, is hereby mortgaged as if spetiiically set fath ~nd dewibed in the 9ranting and habendum dauses hereof, ~nd wth Reteiver ahall have all Ihe broad and effettive funct~ons and powers in anywise entrusted by a Court tp a Reteiv~r, ~nd ~uch sppointm~nt shall b~ made by such Cowt u an admitted equity and a matter of absolute right to s~id MORTGAGEE, and without teference to tM edequscy w inad~qu~cy of the value of the properry mwtg~ged u to the soWency a insolver?cy of said MORTGAGOR a the defendanb, snd that such renrs, profits, income, iuuea and nvenues sh~Il be applied by such Receiver accord;nq to the licn or equity of iaid MORTGAGEE and the pactice of such ~ Caurt. ~ 8. To dvly, promptly and fully perform, d'~scharge, e:ecute, effect, complete, comply with and ~bide by each and everyr the stipulat~ons sgreements, ~ conditioro ~nd covenann in said promi~sooy note and this mortgage set forth. i 9. That in ths event the ownenhip of the mortgaged premises, w+ny part tFrcreof, becomes vested in a penon other th~n the MORTGAGOR, the ~ MORTGAGEE, iri succeuors and auigns, may, without notice to the MORTGAOR, deal with such succsssa a wccessor ~n interest with reterence to this q mo~tgay~ and ths debt hereby secured in the same manner as with Mwtgaga w~thout in any way vituting w d~xhuying tha Ahwt9agors' liability hera t under or upon tF~e debt htreby secured. No ale of the Fremixs hereby mortgaged and no fabearante on the part of the MORTGAGEE w iri suctesson ~ or ea:igns snd no exteniwn of the time fa the paymem of the debt hereby secured given by the MORTGAGEE or its iucceuors or assgns, sha~~ oper+q ~ to rolease, discharpe, modify change or af(ect the original liability of the MORiGAGOR F+erein, either in whole w in part. 10, It is spec~ficslly agreed that time is of the essence of th~s contract and that oo waiver of any obligatio~ hereunder or of the oblipation se- cured Mreby shall at any time thereaher be he~d to be a waiver of the terms hereof w of the instrument secured herby. 11. In addition to the forego:ng monthly paymeNS of p.inc pal and intereat required by the promisawy no?e setured hereby, mwtgagw covtnant~ and agrees to pay to mortgagee with each monthly payment an additional sum estimated by mor?gagee to be eqval to 1/12 of the annual tost of the follow- in9~ t A-All real property tsxes kvicd or assessed agai~st the above described real estate_ B-Premiums on fire and windstorm insurance as herein requ~red to be carried on the improveme~tt situate on the above deavibed premises. ' C-Premiums on wth mwtgage guaranty inwrance as mortgsgee shsll from t:me to time deem fit to carry on the loan setured hereby. ~ AM1ortyagee shall from tirrK to time notify mortgagor in w?iting of the amoum due and payable hereunder and ~uch sum shall thereupon be due and ,,,1.t. r,.. ?{.o r~~r .~.f. e,f ~1+. ne.f nx~nfl,1;. oa;.rr~nf wnA pMh successive month thereafter urtil mortaaCee shal! nofify mortgagOt of a thanf~e in auch i amount. Such sums shall be applied by mortgagee toward the payment of real property taxes, inwrance prem+ums, and mortgsge guaranty insunnce premiums. ~ $ IN WITNESS VYHEREOF, the said AAORTGAGOR has hereunto set his hand and seal the day and year first sforesaid. i ~ dsd- ~nd, ^deliver in~~P~ esence of: ~ t ~.C~~ / i' 1• i~IL.i(_.Pi.. - aq # ~ n ; .=-;,~~r,r~ • ~ ` ~ ~ STATE OF fIORIDA ~ St. Lucie ~ ~ t couNn oF Befwe me pe~sonally appesred BObbx ~Toe Jo~ ly and BAttV I,OlI eTOll~j F~is wife, ro me well known and known to me to bs rhe individwb described in ~nd who executed the fuegoing instrument, and ackrawledged before me that they executed the same for the purposes therein sxpresstd. Md the said Be t ty LOll Jo l l,y ,rvife of the said Bobby Joe JOlly upon a separafe and priv~te exam~nstion by me t~ken separate and apart from her said husband, scknowledged to and before me that she executed said instrument freely and volun- ra~ily end without any compulsion, constnint, apprehension, or sr of or from her said husband. `L ~ WITNESS my h~nd snd official seal thi day of t b r A. D. 19-5L~. ~ t ~ - i otsry Public in and fw ihe State of florida ~t Lsrps ~ ~ • . , My Commiuion expires: ` Retum To: ~ ~ : • ~ • ~ [ ' PI~K. SLk 0~ FlOfldi it ~it Fint Federal S~vinps 3 Loan AttociaYwn a~ . Q! t or Fo.r P~~.«. M~r Coaiaissios bcpira kpt. 23, 1969 ~ fort Picrce. Flaida - : ~O'~~~ ~r Fw i Gsr~ Co. ~ ~ ~ ^ ND RECOROED' _ : . : FIlEO A , FLA• = ~ ; . ST. L-UCIE COUNTY . ' ` - : RECORO VERIFIEO ~ ~ . . ~ i~,;'~ • ~ 14~U~4 3 : 23 ~ - '66 OCt - . E K C RCUIT COUR7 . 600K156 PAfE 340 - i ~ , _ - - - - - - - - - - ~ - ~._~r~