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Home My WebLink About0185 To pl~u and conti~uovsty ke~p on tM buildinpi now or F?ere~frt? situ~te o~ ssid lu+d and on all equipma+t ~nd penonally cov~nd by tAb mat¢ p~, with all premiu~ thereon paid in full, fi~~ insuranc~ in the uswl itaed~rd policy fwm. ~n a wn1 ~pprowd by 1M MORTGAGEE, ~nd wie+ditam Gnw~nn M tM viual stsndard polky faen, in a sum approved by tM MORTWIGEE; in wch canpanY w ca^P+^~~+ +s ~1+~ ~+~ORTGAGEE may dirMt +~d aIl fi~~ ~nd w~nditwm insurana policie~ on any of tiid bvild~nps, +ny intens~ th~r~ie a part tMnof, in tl+~ +~qrep+t~ wn? ~fa~aid o? M~ac~u thereof, shall contain tF+a wu+l standud mort9~p~e clause a such o~ha cl~uw as th~ Matp~~s may rpuin, makinp th~ lou undN uid polE ci~s, each u+d ~v~ry. paYabt~ ro aid MORTGAGEE u in intereH may ~ppNr, u+J esch u~d ewry svch policy ~hall t» p.omptly ~u:9nsd ~nd dsl~v~red to any MW by i+id MORTGAGEE u furthe? security to uid mortpay~ debt, u+d, eot less ~Mn tee (10) days in advanc~ of tM ~xpb~Uon of each policy, ro d~- liwr ro uid MORTGAGEE s r~wsl therwf, wg~~hN with a rec~ipt ior the pr~miwn of :uch r~newal; and there shall b~ no fir~ o? winds~am insvrana plapd on ~ny of said buildirgi. ~ny intarat ther~in or pHt thsreof, ue+les~ in tFw fwm'and wi~h tM bu p+y+blt u ~for~s~id; ~+d in the ev~nt any sum pf nwe»y becomes payaW~ under such policy a po~Ki~s s+id IMORTGAGEE ~MII I~w tM option ro reuiw end ~pply tM ssrM on accoun~ 01 ~M indebted- nyt ~ecvnd htrtby or b peimit s~id MORTGAGORS to reteivs and ~s~ it p ~ny pa~t tfiereof fw other purposes, withovt thMEb~ waiviny o+ ~mpair- Irg any p~r;ty, litn p riphl ~nder a by virtw of this mortyayet +nd i~ tM went aid MORTGJ?GORS shsll for ~ny nason fsil ro ktep ~he aid pr~mises w Guurtd, a fall to deliver promptly ~ny of said policies of intvnnca ro aid MORTGAGEE, os fail promptty to pay fully any prtmi~m tMnfor or in any nsp~ct iail ro paform, diuharqe, exetute, ~ffecl, compl~te, comply with ~nd ~bid~ by this covenant, a ~ny pert hersof, said MORTGAGEE may pl~c~ +r~d p~Y fa sud+ I~~anc~ or ~ny put tharoof without w+Ninp or affectinq ~oy option, li~n. puiry, w~~gh~ unda a by virtw of this Matys~~. and the full amo~nt of txh ~nd ~very suth p+yment shall be immediately dw snd p~y~bb and sh~ll besr int~r~st from tM dat~ thereof until paid M th~ rat~ oi nirr pn centum pa ~nnum ~nd ~ogethe~ with tuth intcreit ahall be iecvred by the li~n of this mort9~pe. To permit, commit or wffer no wut~, 4npaument w deterioration of said properry or a~y parf tMreof. S. To pay ~U ~nd sirgul~? ths tosts, charqa +nd ~xpenses, indud~np + reasonabk attwney's fee snd costs of abstr~ctt of title, incu?red w paid at any time by ssid MORTGAGEE, becwse or in the event of the f~ilure on th~ part of tM said MORTGAGOR to duly, p?omptly and fully periorm, dixhargR uecute, eifed, complets, comply witA and ab~d~ by ~+ch and every the stipulat~ons, aqreements, conditioea, and oovenants of said promissory ~ote ~nd th~s mort~ap~ any a ei~her. and sald costs, chu~es and expen~es, e+ch and every, shall be immed'+ately dus and p+yable: whether w not ther~ be notice d~ m~nd, anempt to colkct w s~~t p~nding; and tM full ~movnt of ~ach ~nd every s~ch p~yment shall bea? interest from ~he date thereof u~til paid ~t the ~~te of nine pcr centum per ann~m; ~nd ~II ~aid eLib, chuges and expenses incurred w p~id, togNl+er with sutA interpt, ilull b~ Ntured by tM lien of tlw nwrtp~. 6. TMt in tl~e event of ~ny bresch of tha Mort9aya w dehult on the part of the MORTGAGOR, or (b) in the tvent ~~y of said swns of money haein raferred to be not promptly and fully paid within Ihirty (30) dsys nexl afte? the same sevaatly become d~x and payabb, without demand or notice. or (cJ in tM event each and every the stipvl~tio~s, agreemenb, cond~tions and covenants of sa~d promissory note and th~s mortp+pe ~ny a either are nol ~uly, promptly and fully perfwmed, d~scharqed, exccuted, tifected, completed, complied with and abided by, then in either w ~ny such went tM aid a¢ pres+b wm meniwned in said ptomissory rate then rem~ining unpaid. with interest atuued, u~d all mone~ setvred hereby, ih+ll betoms dw snd pay~ ~bl~ forthwitF~, a thereafter, at the option of said MORTGAGEE, a: fully and completely as if atl of the wid wms of money were oripinalty stipulated ro be psid on such day, anything in said promiuory note or in this Mortgage to the conv+ry notwithstanding; and thereupon w th~reafta ~t ths option of aid MORTGAGEE, without notice w demand, wit at law a in eq~ity, therefore or thereafrer begun, may be prosecvted ~i if all ma~eys secvred hereby had matured prwr to iq institution. 7. Th~t i~ ths event that st the beginning of or st any time pending ~oy wit vpw~ this Mwtysge, or to fweclosR it, or to refwm it, or to enforq payment of any claims hereunder, said MORTGAGEE shall apply to the Coun Mving jw~sdittion thereof fw the appo~ntment of ~ Reteiver, svch Court shall fortFiwith ~ppoiM s receiver of said mortg~yed property all ertd singvlar, includ~ng ~II and singular the income, p?ofits, issues ~nd revtnues irom whafever sourte derived, eath and every of which, it beiny expressly understood, ia hereby mwtgaged as if specificatly set fwth and described in Ihe g?~ntiry and habend~m ctauses I+ereof, and such Receiver shall have all the brwd and effective functions a~d powers in anywise entrusted by • Court to a Receiver, ~nd wch sppoimment shall be made by sucF? Court as sn sdmitted equity and a m+tter oi sbsotute right to said MORTGAGEE, and without reference ro tM adeq~acy or inadequsty of the vslue of the property mortgaged or to the wnrency a inwlvency of said MORTGAGOR or the defendsnts and that svch nnts, profib, income, iuues snd revenuet shall be applied by such Receiver accordiny to the lien w equity of said MORTGAGEE and the practice of such Courf. ' 8. To dvly, prompNy and fully perfam, dixharge, execute, effect, complete, comply wi?h ~nd abide bp each ~nd every the stipulations, agreemenri, conditiont and coven~nts in said promissory nots and tius mortgsge xt fo~th. 9. That in the event the ownership of the matg+ged premises, w sny part thereof, b~comes vested in a pewon other than the MORTGAGOR, tM MORTGAGEE, iri wcceuors and assigro, may, without notice to the MORTGAOR, deal with such successor o? successor in interest with referente to this mortgage and the debt he?tby secured in th! same manner as with Mortgagor without in sny way vitiating or diuharging .the Mo?tgagors' lisbitity here- under or upon the debt hereby setured. No ssle of the premises he~eby mortgaged and no forbearance on ~he pan of ~he MORTGAGEE w its successors a ~ugiu and no exrension of the time fa the paymeM of the tlebt hereby secured given by the MORTGAGEE or its tuccessort or auigru, shall opente ro rekas~, dixharge, rtadify than9e w effect the wiginal liability of the MORTGAGOR htrein, e~thfr in whole w in Qsrt. 10. It is specifically agreed thst time is of the essence of this contract and thst no waiver of any obligatlon hereunder or of the obligition tr a:red I~eby sMll st any time thereafter be held to be + waiver of the ferms hereof w of the instrorrKnt secured herby. 11. In addition to the forego:ng monthly payments of prirtc'p~l and interest required by the promissory note secured hereby, mortgsgor covenants ~~d agrees to pay to mortgagee with each monthly payment an add~rional s~m est~mated by mortgagee to be equal to 1/12 of the annual cost of the fol{ow- i^9: A-All real property taxes kvied or assessed against the above described real estate. B-Premiums on fire and windstwm inw~ance as herein requ~~ed to be carried on the improveme~ts sitwte on the above desvibed premises. C-Premiums on such mortgsge guaranty insurance as mortgagee shall from time to time deem fit to csrry on the ban secured hereby. I Mwtgagee shall from time to time notity mortgagor in writing of the amouM due and payable hereunder and suth sum shall thereupon be due and payable on the due date of thc r~ext monthly payment and each successive month tFxreafter urtil mwtgagee shall ~otify mortgagor of a change in such amount. Such suma shall be applied by mortgagee toward the payment of real property taxes, i~s~rance prem:ums, and mwtgage guaranty insu~ance premiums. IN WI SS t d MORTGAGOR has Fxreunto set his hand and seal the day and y r first s~~b~7 5~ in the presence of: Gr~ a~ . / • tS.a~ STA7E OF FLORIDA ~ SS. courm oF S~. LL~ie . Befwe me personslly appeared W~ A~ PA~I i1'IPI~ Louise Pg~el' his wife, to me well k~own and known to me to be ~ the individwls described in and who executed the foregoing instrvment, and scknawledged before me that tF?ey executed the same tor the purposes Nxrein exprossed. And the said T.nt~ i q~ PA1 mr~r wife ot tM aid w• A• Palmer , upon a separate and priwt~ S exunination by me taken sepsrate and apart from her said hus , xknowicdged to and before me that sF~e executed said irutrument freely and volun- u tarily and witlwut nyr compulsion, constraint, apprehemion, ~ ar of or frc~ her said husband. ~ WITNE55 my Mnd ~nd official seal thii. day of Januar a p, 19 68 ~ ~i~r- Notary Public in s~d for the State of Florida et Larpe My Commisiwn expires: i Retum 10: ~ t ~nf Faderal Savings 3 Loar? AuociaYron ' Of Fwt P~erce. ' N~~ry P~K. State of Florida at large Fon Plerce, Florida 1~Y Cou~mission Expir$s llo~, j~ ]~(~9 • FILED AND RECOROED ~°''i° f" a.~'"',,r, ~ "j ~ 6Y ~ ST. LUCIE COUNTY. FLA. This instrument prepared ay ~`.~o~t~ v~cl~'i~o ` . ; sf eral fl - i Fir Fed Sav. & Loan A~s (j~gg ~ ~ r,. : ~ ~ , ~ . of or~ ' ~ A~I - [0 3 - - Pierce '6$ ~l~~~ I . 0 . . , ~ ~~r~ 'r Y ~ , „~'~~~r-! ~ : ~ ' • a •.V~' n. R IRCU17 COURT i~• • _ D~O~OK ~ / O PAGE 185 . } . ~ , ~ v a ~ ~ ~3~i~' _ ;~~;i