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Home My WebLink About0916 i ~ i Z. To pl~n ~nd ca?tinuo~shr kNp on tM buildinps oow a herNha wtua~e on s+id land ~od oe~ ~II puipmeot ~nd pKSO~~IIy oova~d by this mo~p~ q~, with ~II premiwn~ thtreon paid in ful4 fir~ inturant~ i~ th~ viwl stardud policy forn?, ~n + suM approwd b~ /M MORTGAGEE, and wind~torm irowana in tM uwal uandard pol~cy fam, M• sum ~pprov~d by tM MORTGAGEE, in wch comp+nY w tanP+nip u tht lNORTWI(iEE may i du~cy x~d all PW~ ar+d w~rorm inswana policies on anY of iaid buildil~f,~ NIy MhfHt tM~fln Ot p~11 fI1NfOf. M~ tl+~ +09«9+~o w+* afor~wW a i in u~ass Nwrwf. ~lwll oontaln tl+~ uiwl standud matp~N cl~va w such ollw~ daus~ q tM Mortqa~e may nquin. n?+kGg ~M lou undN ~aid pd} ~ ciN, ~ach and ~v~ry. p+Yabl~ b ~aid MORTCsAGEE u its int~rest m+y appNr. ~nd ead~ +nd ~v~ry such po~~cy sMil b~ promptty +u:yn~d and d~liv~?~d ~o t ~ny MW by said MORtGAGEE ~s furthK sscu~ity to s+id mwtyap~ dcbt, snd, nor I~ss tMn ~~n (1~ d~ys in sdv+nn of tM ~xptration of ~ach po~iclr. ro d~- j livu ~o aid MORTGAGEE • r~wal IhKwf, top~tlwr with ~ receipt for tM pnmiwn of wcA r~ewal; u+d ~Mn sMil b~ no fi~~ a wieda~am inswann plapd on ~ny of aid bvildinp~, ~ny i~ter~st tMr~in w p~~t tl+~nof, ~nl~ss in ~he form'and with fF+~ bas p+Yabl~ as ~faK+ids aid in tM ~vtnt sny tum of naeNy becorn~s p+y+bl~ u!~de~ such Pdk1? w Polici~s s+id MORIGAGEE sMll Mw the optan to raceiw and apply the s+m~ on acca+M o1 tM ie~btad~ rnss kcw~d h~r~by a ro pKmi~ said MORTGAGORS ~o receiv~ ud v~ it a aoy part thereof fo. ofher purposei, wi~hout ~hxeb~ waivi~,p or imp~ir• +^Y ~~h. a ripht uoder or by virtw of this mort9sp~~ and io tM ~vent wid 1NORTGAGORS ~hsll fw any t~ason fall to kNp tM iaid pr~mites so inivred, w f~il to deliw? promptly any of taid policiq of iniwsnc~ ro wid MORTCs/1GEE, o? fail p?omptiy to pay fully any premivm therefw a~ M any nip~cl f~il 1o p~rfonn, dixh+r~e. execute, eff~d, complet~, compl~r with and abid~ by this cov~nsnt, w sny parl ht~eof, aid MORTGAGEE may pix~ +~d paY (or such inw~anc~ o~ ~ny put th~rtof witho~t walvinp or affeclinp any opti~te~, li~n, pvwtl?, o? ri~ht undN a by vi~tu~ of this Mortp~p~. ~nd 1M full amouat of each ~nd ~wry wch Wyma~t il~+il b~ immediat~y dw aed piy~bl~ and sh~ll b~u intKest from ths d~t~ thereof ~ntil p~id M th~ ~at~ ol nir» p~r te~tw++ pK ~nnum ~nd toye~her wi~h sucA interest shall bt secvnd by the lia~of this mort~ap~. 1, To pKmit, canmit or wffer no wasM. impairme~t a d~t~rioratan of aid propaty or any put therwf. S. To pay ~II u~d sirgular the.costs, charyes and expenies, inclvdirg ~ ro+sonable anorney's fe~ ~nd cosb of sMtruts of titk, incurc~d o~ paid ~1 any fims by uid MORTGAGEE, becaine o~ in the ev~nt of ths failun on the pah of tM uid MORTGAGOR to duly, promptly and fully perforn:, d~scharg~ executt. ~ffed, oomplet~, comply with and abide by ~ach and every the stip~l~Yans, yreement~„ conditions, and covenants of said promiuory not~ and this mwt~~p~ ~ny or ~itha. ~nd ssid costs, charges and ~xpernes, e~ch and ~very, sh~ll be immediatcly dw and psyablr, whether a not ther~ bs notici da ma+d, ~ttempt to colkct w wit pend~np; u~d the full amount of tach and we~lr wch p~ymsnt sh~ll besr interes~ from tM dat~ thereof until p~id at th~ rate of nine psr ctntum per sn+wm; ud aU said cbsts, char~es ~nd expe~set ieKwred w paid, lopetlwr w~th such intensl, shall b~ aecured by tM li~n of tFw 6. That in the ~vent of any bre~ch of this Monyap~ or default on the p+?t of the MORTGAGOR, a(b) in tM svent ~ny of said swm of money herein referr~d to be not ptomptly snd fully paid within fhirty (30) days next after the same ~everalty become due and p~yable. witFw~t demand a ootice. or in tM ~wqt exh and every tM sfip~rlations. ~gree~r.enb, cond~tans u~d coveMnn of ~aid promisso+y no1~ and tlus mortp+pe any w ~7d+~? ar~ not ~uly, promptly and fully perfwmed. d~scFNrped, executed, affected, completed, complied with ~nd abided by, tMn in either or ~ny such eveM tl+~ said e~ prey,+t~ wm mentiawd in ~sid {xomiuwy note then remsininp uop~id. witA intsr~st ~tuued. and sll moeeyi secured henby. shall becom~ dw a~d p~y~ abl~ fathwitly a tl+ereafter, st the option of s+id MORTGAGEE, a fully and compk:ely as if ~II of the ssid wms of money were wipir?~Ily st~pulated to be paid on wch day, anything in satd promiuory note w in thb Matgsge to the contnry notwithst~nding; u~d therwpon or the~~aha at tM op~ion of uid MORTGAGEE, without notke o~ demand, suit at lawr a in squity, therefon or there+fter begun, may be prosecuted u if all money~ secured hereby had mafured priOr ro ib irqtilution. 7. Th~t in ~M evenl that ~t the beginning of or at sny time pending soy :vit ~pon this Mortg+ge, or to foreclos~ it, or to reform it, a to enforc~ payrnent of any daims herevnti~r, said MORTGAGEE shall apply to the Court h~ving jurisdrction thereof for the appo~ntment of a Receiver, such Court shail ~ fortliwith ~ppoint a rcceiver of wid matyaged property atl and sirgular, includ~ng all and singula? the income, p~ofits, iuue~ and rtvenues from whatever ~ wurp dtrived, each and every of which, it beinp expretsly understood. ii hereby mwtgaged as if apetifiully set iorth and dewibed in tM yrsnting and i habendum davses hereof, snd such Receiver ahall Mve all the brosd and effective funct~ons and powen in anywise entrusted by a Court fo a Receiver, and ~ tuch appointmeM shall be made by wch Cou~t as an admitted equity snd a m+tter of sbsolute right to s~id MORTGAGEE, and without reference fo the ~ sdeq~aty o~ in+deqvacy of the wlue of the prepertp mor~g+ged or to the sotvency w inwlventy of s~id MORTGAGOR w~he defer+da~n, and that such rcnts, profib, irxome, issues and revenues shall be applied by such Receiver accord~ny to the lien or puity of s+id MORTGAGEE and the pr~ctice of such CouA. 8. To d~rly, promptly and fully perform, d'achsrge, execvte, effcct, complete, comply with ~nd abide by each and twry the stipulatio~a, ~greemenb, co~ditans and coven~nts in ssid promissory note and this mwtgsge set fwth. 9. That in tM rvent tl?e owne?ship of the mortg+yed premises, w+ny put thereo/~ becomet vested in a penon other ih~n the MORTGAGOR, ths MORTGAGEE, in successors snd su~gm, may, without notice to the NWRTGAOR, de~l wi~h such avaeuor w successor in interest wirh ~eference to this mortgap~ ~nd the dcbl hereby xcured in the same manner ss with Mortgsgor without in any way vitiating or dschirp'mg the Mortgagors' liability hera under or upon the debt hereby secured. No s+te of the premises hercby mwtgaged and no fwbeara~+ce on the part of tl1e /NORTCaAGEE w its tuccesson w~uigns ~nd no exrension of fhe time fw the paymcm of the debt hereby secured given by the MORTGAGEE w its succtasors or ~ss;pe?s, shall opente i ro releue, d~scl+arQt, modify change w affect the wiyinal lisbility of the MORTGAGOR herein, either in whole or in psr1. . r 10. It h specific~lly a9reed that time is of the essenca of this contr~ct and th~t ra waiver of any oblig~t~on herevrwler a of tM obliyation se- a,red heteby shall at any time thereafter be held to be a waiver of the terms hereof or of the instrumtnt secured herby. ~ 11. In add~tan to the forego:ng monthly payments of print:p~l ~nd interest required by the promissory note secured hereby, mortgagor tovenants and agrees to pay to mortgagee with each monthly payme~t sn add~rion~l wm cstimated by mortgagee to be equal to 1/12 of the annual cost of the follow- i~g: ~ A-All reai property taxes kvied a assessed against the above described real estate. i B-Premiums on fire and windstorm insur~nce as herein requ:red ro be ori~ed o~ the improvemenn situate on the above desvibed premises. ` C-Premiums on s.wch mortgsge gua?anty insurance as mwtgsgee shall (rom t~rt+e to time deem fit to csrry on the bs~ secured hereby. Mwtgsgee shall from tirne to time notify mortgagor in writing of the amount dve and pay~bk hereunder and such wm shall thereupon be due and ~ payable on the due date of the next monthly paymeM and exh successive mw~th thereafter urtil mortgsgee shall notify mortgsgw of a change in such ~ amount. Such sums shall be apptied by mortgsgee toward the paymeM of real propMy taxes, insurarxe p?em:vms, and mortgage guaranty inwrance ~ premiwns. ~ IN WITNE55 WHEREOf, sa~d RTGAGOR has hereunro xt his hand and seal the day and ear a eaa~d. ~ Sgned, and de ' of: JI~~~ f . ~ ~ ~'4 ~ ~ - ~q ~ ~.1--.- .s~ ~ ~ ~ ~ ~ n ~ SiATE OF~Fooimo~x New York ; n/~ ss J ~ ~ Befwe p u Walter T. Leon a~ rs~qa Y ~ ~yi 7.1e • COtl hi: wife, to me well known and known to me to be ~ the Individwh described in and who executed the foregoing instrument, r+d acknowledged beiwe me that they e:ecuted the ~ame for the purposes ' ?herein ~xpressd. Ard th~ said Mvrtle O. Leon ' ~ wife o1 tM said W~ter T. Leon upon a separate and priv~t~ ~ examination by me taken stparate and apart from her said husband, ~tknowledged to and bef m~ that sM executed said ir»trument fretly ~nd vol~r?~ ~ tarily and without aryr compulsion, constraint, app~ehension, or fe of u frc•~ her said husba W1TNE55 my I+a~d and official seal ~his ~ day of A. D. 19 6$ ~ , . : . . . . - FIlEO AND REC RDEO° Noury ublic in and fw the Sbte of7~N.4ir~1,. ST. LUCIE COUN~Y. FLA.' ""Y ~°'""""'°"'xP'~~ New:'YD~'SS ~ ' ' ~ t.. ~ Retum Ta RECORn VERIFIED ' . ~ ~ ' r First Federal Savir~s ~ losn Associata~ 1639`?'0 `~Y ~ Of fort P~erce. Npyry Pub~~C. Sia~ qf ~w,Yd[ ~ fort Pierce, Florids Nos3~b5~1 r50~ - F ~ '68 JAN 3 I A!I 10 : 04 °u°?,~~ . . - ~ T~rm ExPu~ t ~ ` ` ~ Q , J; ~ ~ ~~P ~ This instNment prepared by ~~oc~E~R r otTRAs ~~a G~ ~ ~irst Federal Sav. & Loan Assn. ~LERK CIRCUIT COURT ~ of Fort Pi rce ~ By ~ ~~ro~ ~ . ~ UR • * ~ ~ e~K 1 ~0 PACE 913 ~k ~ , ~ /S S ' I' ~ - ~ ~ ~ s, ~~33 .~:="z ~ ~ Ilq