The URL can be used to link to this page

Home My WebLink About0567 ~ . ~ ~ To pl~ce ~nd continuouily k~ep on tM buildi~gs now w h~reaft~r situsl~ on taid land and on all equipment and pKSOn~lly covKtd by thi~ matp~ E sQ~, with all premiw+A tMreon paid in full, fire insur~nc~ in the usual itandard poticy fwm. ~e? • iunt approv~d by tM MORTGAGEE, ~nd winditwen ~ inswu+c~ Ie~ tht wual usndard pol~q fam, in a sum approved by tM MORTGAGEE, i~ such company a c«npanies ~s tM MORTWIGEE m~y ; d'uMt uid all fir~ ~nd windstorm insurance policies on +ny of said bvild~nps. ~ny inM~~s~ the~ein w parl therwt, in t1w spqrey~~~ wm afu~said w in ucc~u the~~of, ~hall contain the uswl ~bndard mw?ys~e~ clsuss w sud~ othe~ tlaus~ +s tM Mal9apN m~y req~'u~. makir+p tM lou ~nda said po14 cia, ~sch and ~very, payabt~ ro aid MORTGAGEE a~ its interat may appea~, and e+ch and every i~ch policy shall be p.omp~~Y ~ss:yned and d~livaed ~o ~ny held by said MORTGAGEE ~s turtMr secoriry to uid mortpape debt, and, no~ leu tM~ te~ (10) d+ys i~ +dvance of the ~xplrstion of each policy, to da livW to Nid MORTGAGEE • r~newal thereof, toyuher wi~h a raeipt fw tM premium of such rsnewal; and ~hen ihall b~ ~o fire or windstam insu~~nc~ pl~ctd on ~ny of said bvildinp~, a~y intaat ther~in w part tMreof, u~leu in t!w fo~ni and with tM loss p+Y+bk +s afuretaid: snd in the ~vtnt any t~m of rt~oeKy becan~s p+yabM unda w:h policy or polici~s said MORTGAGEE iMll Mw tM option to ~ateive and apply tM s~m~ on account o~ tM lndebted neu iecv~~d hereby w 1o permit said MORTGAGORS lo receive and us~ it a any parf thereof fu other purposes, without threb~ waiving w impai~• iny any pu;ry, lien p riphl uewla a by virtw of this mort9~yr, ~nd in the wenf ~aid MORTGAGORS ihall fa a~y r~san fsil fo keep ~M uid pre+n~ses w insured, o~ fatl to delivar promptly ~ny of said policies of i~sunrw to said MORTGAGEE, w iail promptly 1o pay fully ~ny premium therefor a i~ any reipM fail to pNfomL dischar9e, executs, effect, compl~t~, comply with ~nd abide by this covenant, a ~ny part hereof, said MORTGAGEE may place ~nd pay (w such inw~ar?c~ w ~ny p+rt thaeof without waNinp a ~ffactinp ae~? optan, li~e, equity, a ryh~ ~nde? or by virtw of thii Matq~e, and the full amo~nt of each ~nd ~wry such p~yment shall be immediately dw and pay~bl~ ~nd sMll be~~ intKest from ths dst~ the~eof until paid e~ tM ~at~ of nir~ psr centum pet anrwm ~nd to,~etha with iuch intereft ihsll be iecured by the lis~ of this mottga~e. 4. To ptrmit, commit or wffer no waste, impairment w dete~ioratia? of ~aid property or ~ny p+?t thereof. S. To pay all snd w+pulu the.cosri, charges and expe~ies, includirq a re+sonable attwney's fee and costs of sbstrscts of title, incurred o? paid at any time by taid MORTGAGEE, bacauss a in the ev~nt of the failure on the part of the :a'~d MORTGAGOR to duly, promptly and fully perfam, d~uhargR ! execute, effect, complete, comply with and abide by each and e`very the stipulations, sgreements, conditwm, and covensnn ot s~~d promiuory note ~nd this F monys~e e~ryr or either. and sa~d costs, ch+rges and expenaes, each end every, sMll be immediately dw and pay~ble; whethei or not there be notke de 1 ma+d, ~nempt to tollect a suit pendirg; snd the full ~mount of eath and every wch payment ah+lt bear interest from the dats thereof until paid a1 the { rate of nine per centum per a~num; ~nd all said cbsts, charges and expenses incurred or p~id, togsther with :vch i~terat, shall b~ setured by th~ lien of this i IIWff~iQl. - e. Tl~at ja) in the event of ~ny bresch of this Matgaye or def~vlt on the paA of the MORTGAGOR, a(b) in tM ~vent any of s~~d sums of mo~ey ; herein refen~d to be not pramptly and fully paid w~thin thi.ty (30) days next after the same uver~lty become due ~nd pay~blt, without demand or ~otice, t or (d in the event exh and every tAe stipulations, sgreements, caxlitions a~d covee~nts of ssid promiuory note and th~s mor~ga9e any o~ either a~~ no1 ~ ~uly; promptly and fulty perfwmed, discharged, executed, effected, compteted, complied with and abided Sy, then in either or any such event the s+id ag~ ; 9rey~t~ sum mentioned in said praniuory note then remaininp unpaid, with interest acuued, and all moneys secvred hereby, sMll become dw and pay- able fathwith, w thereafrer, at the option of said MORTGAGEE, u iully and completely a~ ii all of the wid iums of money were orginally atipulatcd to be paid on such day, anything in sa~d promiuory note or in this Mwtgage to the contrary notwithstsnding; and thcreupon or thcreafte~ ~t ~he op~io~ of said MORTGAGEE, witho~t notice a dem~nd, suit at taw or in equity, 1Fxrefwe w thereafter begun, may be prosecuted a if all moneys sacur~d hereby j had matured priw to its instiWtion. 7. That in the event that ~t the be9inning ~f or ~t sny time pendiog aoy suit upon this Mwtgage, w to fweclose it, o? to refwm it, or to enfora e payment of any claims hercunder, said MORTGAGEE shatl apply to the Court having jui~sd~ction thereof tor the sppo~ntment of • Recriver, such Courf shall ~ fortliwith ~ppoiM s?eceiver of uid mwtgaged ptoperty all s~d singular, inclvd~ng all ~~d singular the intome, prolits, iuues snd revenues (rom whate~er wurce derived, eath and every of which, it being expressly understood, is hereby mortgaged as if specifitally set twth and dewibed in the granting and habendum clauses hereof, and such Receivc~ shall have all the broad and effective funct~ons and poweri in anywise entrusted by a CouA to a Receiver, ar+d ? such ~ppointmcnt shall be made by such Court ~s an sdmitted equity and a ma~ter of absolute right Io said MORTGAGEE, ~nd witho~t reference to the adequ~cy w i~sdequacy of the va~ue of the property mortgaged w to the sohre~cy. or insd~vency of isid MORTGAGOR or the defenda~ts, and thal such rems, profiri, income, iuues and revenues shall be applied by such Reteiver accordin9 to the lien or equity of said MORTGAGEE and the prxtice of such Court. . 8. To d~ly, promptly and fully perfwm, diuha.ge, execute, effed, complete, comply with and abide by each ~nd every the stipulatwns, agreement:, i conditions and covenants in ta~d promissay note and this mortgage set fath. ' ~ 9. That in the event the ownership of the mortgsged p~emises, or any psrt thereof, bccomes vested In • perwn other than the MORTGAGOR, the ~ MORTGAGEE, its succeuori and auigns, may, wifhout notice to the MORTGAOR, deal with such succeuor a succasor in interest with reference to this mwtg~ge end the debt hereby secured in the sanx man~er as with Mortgagor without in ~ny way vitiating a discharging tl~e Mortyagors' liability herr under w upon the debt Ixreby secured. No ute of the premius hereby mortgaged and no fabearance on the pan of the MORTGAGEE a its successws w auigns snd no extension of Ihe time iw the payme~t of the deb~ hereby secured given by the MORTGAGEE or it: successors w assigns, ahall operate ro release, d~scharge, modify change w affect the wig~nal Iiab~Gty of the MORTGAGOR herein, either in whole or in p~rt. 10. It h spedfically agreed thst time is of the essence of this coMratl and that no w~ive~ of sny oblig~tion herevnder o~ of the obliyation sr a.red hereby ahal{ at any Yune thereafter be held to be a waiver of the terms hereof ot of the instrumeM secured hcrby. ! 11. In addition to the fwego:ng monthly payments of prin~ pa~ and interest required by the prom~ssory nore secured hereby, mortgsgor cove~ants ~ and agrees to pay fo mortgagee with each monthly payment an add~rional sum estimated by rtwrtgagee to be equal to 1/12 of the annual cost of tl?e follow- 'rg: ~ A-All real property taxes levied or asxssed agai~s~ the above dexribed real estate. 8-Premiums on fire and windstam insurance as herein requ~red to be carried on the improvements situate on the above destribed premises. ~ C-Premiums on such mortgage guaranty insurance as mortgagee shall from time to time deem fit to csrry on the (oan secured hereby. _ ? Mortgagee shall from time to time notify mortgagor in writ~ng of the amount due" and payable hereunde~'and such sum shall thereupon be due +nd ` paysble on the due date of the ne:t monthly payment and each successive month thcreafter ur.til mortgage6 shall notify mortgagor of s change in such ~ E amount. Such sums shall be applied by morigagee toward the payment of resl property taxes, insurance prem:ums, and mortgage guaranty inwrance I premiums. ~ IN WITNE55 WHEREOf, the uid MORTGAGOR has hereumo set his hand and seal the day and year first aforssaid. i ~~'~ad' s delive.~d in rhe . of: •n 0 s~.~. , ~Sesp . ~ STATE OF FLORIDA ' Saint Lwcie ~ ~ courrnr oF . Before m~ penonally appeared J. 61. SaPP ,~a Lounette Sapp, his wife, to me well known and known to me to be the Individvab destribed in ~nd who executed tF?e foregang instrument, and scknowledged before me fhat they executed the same fw the purposes therein expressed. tFw sa' wife of the said ~ M' app vpon a separate artd priwt~ exam~natan by me taken separate and apart from her said husband, atknowledged to and before me that she executed said ir?strument freely and volun- tarily snd w~thout •r~y compulsiw+, constrsint, apprehennsio~n, _w ~f a? of or frc•.~ her said husbsnd. WITNE55 my h~nd +nd officia! seal this- ~ day of Januar A. D. 19 68 i ~ Notary Public in aod fw tbe State of Florida +t Large ~ My Commiuion expirq: ~ I^ L b~ 7/ ~ Return •To: a; Fint federsl Savings 3 lwn Assoc~atron ~OTARY PUBLIC, STATE OF FLORIOA AT LAi16E Of Fort P~e~ce. FILED AND RECORDEU~Y COIUU~IS510N E~cPIRES t~OV. ~6, 1971 ~ Fort Pierce. Florida MpEO r.. „ r c.cs.ai..... :r ST. LUCIE COUNTY. FLlP. ~ r~.C~?i~C, VERl~IED ,~'~v', ~ i~~. ~ l.63"75i ~ : ........,w ~ This instrument prepared 5y i ~ - • ~ ~ ~ • - ~ ~ first Federal Sav. & Loan Assn. '68 ~AN 23 ~I IU : 0 ~ ~ ^ j F ~ of ~rt Pier _ _ ~L . _ ; C ~ ~ - t " 1~ ~ ' ` = 3 ~ • . By ~ ^ ~ =o~?~.,s ~ ` CLERK CIitCUl7 COURT " - ~ c- - . ~ ~ ~ ~ $OlM PAGf e~,~ k~ J ck . _ ~y, x ~ J : - - - - - ~ _