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Home My WebLink About0058 ' ~ f T ' - p y Kp on tF?s buildings now w herestte~ titvat~ on said IAnd ~nd on ait puiprn~nt and ptnoaally covtr~d by this nwrtp. 3. To lac~ u?d continvousl k ~ with all pt~miwn! ihereon paid io full, fire +nsurante in th~ vsusl stu+dard policy (orm, ~t? ~ ~um app?ov~d by th~ MORTGAGEE, and windstam i~uww~c~ in tM uswl iundard policy form. G+ • svm ~pprov~d by tM MORTGAGEE; in such comp~ny o? compa~hs a tM N~ORTGAGEE may dinctt and ~II f'a~ ~~d winds~wm insurae?c~ policiet on a~y of ~id build~nps. any inter~s~ tM~ei~ or part tMxwf, in tM apgre~~~ sum afa~said a In txc~u lhereof, sMll contain tM ~nwl standard mortga~a~ cl~us~ a sucfi other N~us~ at tM Maty~e~ may reqv'v~. makinp 1M los~ under uid po14 ciq, tach and every, paYabl~ ro s~id MORTGAGEE ~s it~ intereit may ~pp~ar, and e~ch ~+d ~very i~rcA policy tha11 b~ p?omptly au:Qned ~+~d d~livered to any MW by aid MORTGAGEE a~ fvrthe~ ucu~ity ro said mortya~ debf, and, oot I~ss tMn ten (101 d~ys in advar?t~ of tM ~xpiration of ~ath poliiy, to d~ liw~ to said MORTGAGEE a rN?ew~l ther~of, ~op~~Mr wi~h a~eceipr fw the premium oi such r~new~lj and tMn shsll b~ ra fin w windstwm ieuvr~nc~ plaad on ~ny of iaid buildirgs, a~y in~ereat thHr~n or put th~reof, unles~ i~ tl+e form'and witi? tM loss p+yabl~ as afa~saidt and in ~M ~wnt any sum of maKy becanes p+y~ble v~der such policy o~ policies iaid MORTGAGEE sMll haw tM opl~on to receive snd apply tM sim~ on +ccount o1 ~M Ind~b~ed ntss tscvr~d htr~by w ro permit ssid MORTGAGORS fo teceive ~nd uf~ it or ~ny part thereof fa other purposes, withouf thareb~ waiving a~mpair- i~p any pv~ty, lisn or iiyht unda or by vlrtw of fhis morlya9et and in tM ~vent s~id MORTGAGORS sMll fa any rsason fail to kaep tM ~+id prtmiu~ w inwred. a f~il b deliver promptly ar?y of said polic'~es of ins~~nte ro uid MORTGAGEE, w fail promptly ro p~y fully any premium therefor p in any nipect fsil w psrfam, dischuge. ~xecute, effect, complete, comply witA and ~bids by this covenant, « a~y p~rt M?aof, ssid MORTGAGEE iruy pl~c~ +nti pay fa sucl+ lnsvanc~ w~ny pan the~eof wirhout w~lvinp a aff~ctinp any option. li~n, equity, a ~ipht undN a by virtu~ of fhis Mat~ap~, ~nd tM firll uno~rnt of e+ch and ~very such paym~r?t iF++ll b~ immediately dw aod payabl~ ~nd shaN bear Fnte~e~t from ths dat~ thercof until p~id tM rat~ ol nir~ pa cenrum per annum snd together with iucA intereit thall be secured by tl+~ lien of thit mortya~e. 1. Te pKmit, tanmit a wfter no wast~. :•.~irment w detHiw~tion of ssid prop~rty or ~ny p~H thereof. S. To pay +11 snd sinpulu tM ~ostt, charyea ~nd expense~, includinp a reasonable attorney's fee and costs of ~bstrscri of titl~, incurr~d or paid at any tune by said MORTGAGEE, beuus! a in the event oi the fail~n~ on the part of tFa ssid MORTGAGOR !o duly, promptly ~nd fully ptriorm, discharyR ~xccut~ effect, camplete, canply w~th and ab~de by ~ach and every the stipvlaYans. ~grcemenrs, co~d~t~ons, •nd cownann of sad p~omtuory ~+ou and rhw mwtq~qe a~y or eithe?. ~nd said coats, chu~es and expentes, each and avery, shall be immediatety dw and payeble: whethe~ o? nat ther~ be notici ds mend, attempt ro eollect w wit pt+~d+'~y; and ?he fvll ~mount of eacA a~+d every such paymero sMlt bear interest from ths date the~eof vntil p~id ~t the rate of nine per ce~tum per annum; and +11 said c5sts, chsrgd and expcnses incurred or paid, together with wch inte~est, ~t?all b~ securatt by tM iitn ot thit mat9+~~. b. Th~! (a) tn tM evenf of any breach of this Mwtyays or defwlt on the part of the MORTGAGOR, a(b) in the event ~ny of ss~d sums of money herein r~fared to be eat promptiy and fully paid within thirty (30) days ne~l after the same severally become due ~nd payabk, without demand w notite, w(~ in tM ~wM e+ch ~nd every ths stip~rtafions, agreemenn, conditions and covenann of u+d promiuory note +nd thti mortgs~e any or either ar~ ~ ~vly, promptly ~nd fully performed. d~schuged, executed, effeded. completed. complied with and abided 5y. then in either or ~ny such eveM the sa~d ag prass» wm msetioned in said promiswry nole then temaining unpaid, with inferest accrued. and all moneys secured hereby. shall betome due and piy~ abte fwthwith, or thereafter, at the option of ssid MpRTGAGEE, as fully and completely as if ah of the wid wms of money were oripinally atip~lated t ro b~ paid on ivch day, snything in said promiuory ~?ote w in this Mortgsge to the contrary norwithsta~ding; and thereupon w thereafter at the oprio~ oi said MORTGAGEE, without notice w demand, suit at law or in equity, therelore o~ therealter bequn, may be prosecuted as if ~II mo~eys secured hereby had marured priOr to ih institution. 7. That in tht event that at the beginning of p st any time pending aoy suit upon this Mortgsge, u to foreclose it, or to reform it, o~ to enfwp payment of any claims hertunder, said MORTGAGfE :hsll apply to the Cour~ having jvr~sdic~ion thereof iw fhe appantmem of ~ Receiver, such Court sF?~II fortFiwith appoiM a receiver of said mortgaged property sll and singulu, includ~ng atl and singular .:x income, prolits, issues and revenues from whatever tource derived, each a~d every of which, it being expressly understood, is hcreby mortgaged as if spetifically iet forth ~nd described in the p+anring and Mbendum dauses hereof, and such Receiver shall have sIl the broad and effective funct~ons and powers in anyw~se entrusted by ~ Court to a Receiver, and tuch appointment shall be made by such Court as an admitted equity and a matter of absolute righl to aid MORiGAGEE, and without reference fo fhe adeq~scy a inadequacy of the wtue of ~he p~bperty mortgaged or to the sonrency w insolvency of said MORiGAGOR or the defendants, ar~d that such rena, profits, income, iu~es and revenues shall be applied by such Receiver auo?d~n9 fo the lien or equ~ty of said MORTGAGEE and the practice of such Court. 8. To dvly, pron.ptly and fully perform, diuharge, execute, effect, mmpkte, compty wirh and abide by each and every the sfipulations, agreements, conditioro ~nd covenanls i~ sai~ ~comissory note and ~his mortgsge xt fwth. 9. That in tfie evtnt the ow~enhip of the mortgaged premises, or sny part thtrtof, becomes vested in a person other than the MORTGAGOR, th~ MORTGAGEE, its suttesson snd auigns, msy, without ~otice to the MORTGAOR, deal with suc1+ :vccessw w successor in inttrest wi~h ~eferente to this mortgage and rhe debf hercby secured in the same manner as wi~h Mortgagor wi~hout in ~ny way vitia~ing o~ d~scha~g~ng the Mortgagors' lisbility her~. under a 4p~ deb~ hrreby secured_ No sale of ~he premises hercby mwtgaged and no fabearance on the part of th~ MORTGAGEE a its succason or +ssigns and no extension of the time fw the paymcnt of the deb~ hereby secured given by the MORiGAGEE or its successors w auigns, shall operate to releue, dis;Mr9e, modify change w affect the original liability of the MORTGAGOR herein, either in whole w in part. ' 10. It is spec7fically agreed that time is of the essence of this contract. and that ~no waiver of any obligaYwn hereunder or of the obli9ation se- q;red htreby sh~tl at ~ny ti~r+e N+ereafter be held to be a w++ver of the tc~ms he~eof w of fhe instrumeM secured her6y. i 1. In addition to the fwego:ng monthly payments of princ'p;l and interest required by the promissay note secured hereby, mwigagor covenants ~ and sgrees to pay to mortgsgee with each rnonthly payment an add~~ionsl sum est~mated by mortgsgee to be equal to 1/12 of thp a~nual cost of the foflow- ing: A-Afl real property taxes levied or assessed agai~sf the above desaibed resl estate. B-Premiums on fire and windstorm i~surance as herein requ~red to be car~;ed on the improvcments aituate on the above described premises. , C-P~emiums on such mortgage guarsnty insurar,ce as mortgagee shall from t~me to time deem fit to tarry on the loan secured hereby, JNortgagee shall from time to time notify mongagor in wr;ting of the amount due and pay+bte hereunder and such wm shall fherevpwi be due and payable on the due date of the next monthly payment and each successive month thereafter urtil mortgsgee shall nmify mortgagor of a change in such amou~t. Such sums shall be applied by mwtgagee toward the payment of real property taxes, insurance prem:ums, and mortgage guaranty insurance prcmivms. / IN WITNESS. WHEREOf, the ssid MORTGAGOR haa hereunto xt his hand and seal the day and year ' afor id. Sgned, akd deli ed ' t preaence of: . •n n 0 - ~-n STATE OF fLORIOA ~ coun~n oF S t. Lue i e 8efore me personally appeared Lloyd Taylor C~oti~de F_ Ta ~or y- his wife, to me well known and known ro me to be I the individwls desuibed in ~nd who execv~ed the fwe9oing instrvrrKro, and atlcnowledged befwe me that they executed the same for the purpos~s rn~.e~, .x~.~a. ~a rti. _ Cloti~ de H'. Taylor I w~is oi th~ s~d - - LlOYd Tavlor vpon • scparate ~nd priwt~ ~ ~c~oi~n~on by; r~ jsk~r separate and apart from he~ said husband, ~clenowledged to and befwe me tMt she executed said ir?itrument freety and volurr tuJ~•.yl~~qar:~taut 1~ canpcrlsion, constraiM, apprehension, or fp~? of w frc.i her said Fwsband. I ~'~+-1NITN~Y lyw~~ifd oHkial seal 1bi: day of Janua . 1968 . ` t . 4 ' ~ ; _ pK~(lJ i~'"~~~~~~-s~~ ; ~ O _ - ~ ~ i~ = Notary Public in ~nd fw the S~ate of florida at Lups _ ~ ' • My Commiuion txpires: • ~ ~ Ii ~ • : ~ ' ~~i ~ ~.^~~rr P~~i!C. STATE oc FLnp;~A AT LaR,- _ ~ '~i~b,~jdewl ,~1n~ a.' losn Assoc~afion • A'.Y COhL:'.~SS!ON- EXPIti_S i~i~C. 7. 197i ~ 7~~ ~ S ~~~Q~•FOfCPIffCQ 6~hG£L 1nnVUVM FFED W. ~rLfrTL111AC:'f I ~ `kM ~Rieice. Florida ~ - . . FILEO AND RECOR~ED ST. LUClE COIINTY. FLA. ,^1Fi} ;JF%-irl~D This instrument prepared 6y - 163516 First Fede a1 Sav. & Loan Assn. . F Pierc S . '68 J'.~~ 16 A~~I I y ~ By ~ , t . - . " ~ ~1"i i'...5 CLERK ClRCUIT COURT ? ~ d00K 1~U PACE 5~ : ~ $ j ~ ~ ~ - - , ,~x.~ -