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Home My WebLink About1219 , re~tter ~ituat~ on said land and a+ +11 equipment ~nd p~nonaliy covtr~d by thi~ mat~ 3. To plat~ ~nd continuously k~ep on the building~ rww or M e~e, with •II premiurrp thercon p+~d io ful4 (ire i~suranct in the uiual stsndard policy form, ~n a s~~n +pprov~d by tM MORTGAGEE, s~d windstam ~nsuru~c~ in the wwl iundard pol~cy fam. in + sum ~pproved by tM MORTGAGEE, i~ such company or campan~a a tM MORTGAGEE m+y dirett~ ~nd all f'u~ u+d windstorm iniurat~a politas on a~y of ssid build;nge„ any ie+t~r~st tMrtin w part lhereof, in tM a~reya~~ t~m ~fassaid a In ~xceu thereof, shall contain tM vswl ~t~nd+~d mortya9es clauie or such oilwr tlaus~ as tM AAortpa9ee m+y reqv'u~. ma?inp th~ lou und~r wid po1F ciss, e+ch and every, p+yabN ro s+id MORTGAGEE as its intereit may spptar. ~nd e+ch snd evtry :vch policy shall be promptly ~u:9ned ~nd d~livered to any hetd by ~aid MORTGAGEE ~s turther securiry to isid matys~~ debt, and, not kss tMe+ ten (10) dari to advanc~ of tM ~xpi.a~~on of each policy, ro dr !~ver to s~id MORTGAGEE ~ renewsl therwf, to~e~hK with a receipt fw the premium of tuth renewal; snd then sMll bt no fire or windstam insuru~t~ pl~ced on ~ey of said build~rq~. ~ny interest ths~ein w p~?t tMreof, ~rnless i~ th~ fonn'~nd wi~h ~M lou p~ysbl~ ~s afaei~~dj u+d in th~ ~vent any ium of n,wKY becoma paY+ble unda wd~ policy a policies said MORtGAGEE shall Mw the optwn ro receive +~d ~pply tM s+nk a+ account o~ th~ ind~bted neu ftcvrNi hlrtby W ro pamit qk1 MORTGAGOR$ to reteive ~nd u3~ it q any pa~t thereof fw ofhe~ purposes, without thereb/ waiving or impsir- „~y any puity, li~n or ~ipht unde+ a by virtw of this mortpape; and in tM ~vent H~d MORTGAGORS shall fw any reason i~~l to keep ~M w~d p.~+n~ies so iniu~ed. a f~il lo d~liva promptly any of said policies of insunnu to s+id MORTGAGEE, w iail p?omptly to psy futly ~ny p?emivm therefw or in anY respect fail to p~rfor~n, diuMrgt, exetute, ~ffact, complet~, comply with and abid~ by thi~ cove~ant, w any part hereof, said MORTGAGEE may pl~ce ~nd paY fa such imurancs w+ny p+rt thercof without wslvirg or ~Nectinp any op~ion, li~n. pu~ty, a right under o~ by vi?tw of this Matp~ye, and iht full ~mount of tsch and every ~uch payment sha~l b~ immedi+tely dw ~nd payabl~ and shall beu inttrest from tM dat~ thereof until paid at tFw rat~ oi n~ns per ce~tum per ~nnum and toge~her with suth i~terest shsll be secvred by the lien of this R?ort~ape. I. To p~rmit, con+mit w suffer no waste, imp+irment or deteriwation of uid properry or any part thereof. , S. To pay ~II snd sinpulu the.costs, char9es snd expenses, includirg a re+sonable +nwney's fee and costs of ~bsnscts of title, i~cv~red or paid st ~ny time by said MORTGAGEE, becaus! or in the event of the failu?e on 1he part of the said MORTGAGOR to duly, promptly ~nd fully pe~(orm, d~sthargR executs, effect, complete, comply with and ab~de by each ar+d every the stipulations. agreements. conditioru, +nd coven+nn of said promissory note and thii morrga9e any w eithe~. ~nd sa~d cosn, charges and expenses, csch and every, sMll be immediately due and p+yablr, wF?Nha or not ther~ be notrce de mand, sttempt io toltett a wit p~nding; a~d the full smouM of eath and every wch p~yme~t sh~ll bes? interest from the date thereof until paid at the rare of nir?e per centum per annum; ~~d all said tosts, tharges and expcnsts ~ncurred w paid, togetF?e~ with such interest, thal) b~ sKured by 1M lie~ of thii mortpp~. 6. That (a) in the event of ~Mr breach of this Mwtgag~ a default on tM part of the MORTGAGOR, a(b) in the event any of asld tums oi mon~y herein referred ro be no1 prompny and fully paid within thirty (30) daya next after the same severally become due +nd payaWe, without demaru! a notice. or {d in the ewnt each and every the stipulations, agreemeros, conditions and coren~nts of sa~d promissory rate and th~s mortga~e aey or e~ther u~ not iuly, promptly and fully pe~formed, dlscharged. execured, efiected. tompleted, compl~ed with and abided by, then in either or any such event the ssid a~ p~egat~ swn mentioned in said promisswy ~ote then rem~inirg unpaid, with intnest xuued, and all moneys secured hereby, thall become dw and pay- able forthwith, a thereafter, at the option of said MORTGAGEE, as fully snd completely as if all of the said tums of money were wig~n+lly atipul~ted to be paid on such day, anything in sa~d promissory note a in this Mortgage to the cont~ary notwithatanding; and thereupon w thereafta at the option of snid MORTGAGEE, without notice a demand, suN at laa a in equiry, therefore or thereafter begun, may be prosecuted +s if ~II mo~eys secured hereby had matured prror to its institution. 7. TMt in the event that st the beginnirg of w at any time pending soy wif upon this Matgage, a fo fo?eclose it, w to reform it, or to enforce payment of any claims hereunder, said MORTGAGEE shatl app~y to the Court havin9 jur~sdrctio~ thereof for the appo~ntment of ~ Receiver, such Court shall fortliwith sppoint s receiver of said mortgaged property all and singula?, i~cludmg all and s~ngular the income, p~ofits, issues and revenues irom whatever wurce derived, e~th and every of which, it being expressly understood, is hereby mort9aged as if spetifically set fath ~nd dewibed in the granting and habendum clavses F+ereof, and such Rcceivar shsll Mve all tl+e broad and effective funct;ons and powers in anywise e~t~usted by a Cou~t to s Receiver, and sucti appointment shall be made by such Cou~t as an admitted equity a~d a rr~tter of absolute right to said MORTGAGEE, and without reierence to the edeq~acy w i~+deq~acy of the vslue of fhe property mortgaged w to the wtvency or ~nsolvency of said MORiGAGOR a the defendams, and that such rems, profits, income, iuues and revenues sh~ll be applied by such Receiver accord~ny to the lien a equity of wid MORTGAGEE end the practice of such Gourt. 8. To duhr, promptly and fully perfwm, dixharge, execute, effeci, complete, comply with and abide by each and every the stiputations, agreemenb, cond~~arn snd covenants in sa~d prom~ssory note and th;s mortgage set fath. 9. Th~t in the event the ownership of the mortgaged premises, w any part thereof, becomes vested in a pe~so~ other thsn fhe MORTGAGOR, the MORTGAGEE, ib succeswrs ~nd assigns, may, wi~hou~ notice to the MORTGAOR, deal with such succeua a successor in interest with reference to thii mor~gage and the debt hcreby secured in the same manner as with Mortgagw without i~ ~ny way vitiating or d~xMrging the Mwtgagors' liability htre- under w upon tAe debt hereby secured. No sate of the premius hereby mortgaged and no forbearance o~ the part of the MORTGAGEE u its successon or ass~gns and no extension of the time fw the paymeM of the debt hereby secured given by tFro N~ORTGAGEE or its suctessas or assigns, shall operate ro release, diacharge, modify ch~nge w affect the original liab~lity of the MORTGAGOR herein, e~thtr in whole w in put. 10. It is spec~fically agreed that time is of the essence of this contrxt snd that no wsiver of sny ob~gatan hereunder or of the obligatwn se- a,red hereby shall at any time thereafter be held to be a waiver of the tcrms hereof a of the instrument sec~red herby. I1. In addition to the forego:ng monthly payments of princ'p~l and interest required by the p?om~uory nore setured hereby, mortgagor covenants and agrees to pay to mortgagee with each monthly payment an add;~ional sum es+~mated by mortgagee to be equal to 1 j 12 of the annual cost of the fol{ow- ing: A-All real prope~ty taxes levied o~ assessed against thc above desaibed real estate. B-Premi~ms on fire and windstorm insurante as herein requ~red to be carried on the ~mprovements situate on the sbove described premises. C-Premiums on such mortgage guaranty insurance as mortgsgce shalt from t~me to time deem fit to carry on the loan secured hereby. Mwtgagee shall from time to time notify mortgagor in writing of the amou~t d~e and payable hereunder and such sum shall thereupon be due and payable on tlx due date of the next monthly payment and each successive month thereafter urtil mortgagee shall notify mortgagor of a change in such amount. Such sums ihall be applied by mortgagee toward the payment of real property faxes, ina~rance prem:ums, and mortgage guaranfy insurarxe premiums. IN ITNESS W , the said MORTGAGOR has hereunto set his hand and seal the day and year first aforesaid. ; Si~ . Se and li in the p?exnce of: , ~ ' ' +4 ~ ~ ~ ,q = r~,q ' ~Seaq ~ STATE OF FLORIDA ' ~ counmr oF Saint Lucie ; u- Before me penonally,appeared Archie N. C81ho~ln ~ a~ ~ Jessie A. Calhoun his wife, to me well known and known to me to be € the individuals described in and who executed the foregoing instrument, and ackr?owledged before me that they executed the same fw the purposd ~ rherein expressed. And the said .7@SS1@ A. Calhoun wife ot the said Archie N• Calhoun upon e uparste and privst+ examinatiw~ by me taken separate and apart from her said husband, ackrawledged to and before me that she executed said instrurrKnt frcely and volun- ~ tarily and w~thovt any compulsion, constraint, apprehension, or fear of or frorn her said husband. i WITNESS my hand and official seal this dsy of Febr A. D. 19 68 Notary Publi snd fw the State of Florids at larye My Comm~s e:pires. ~~c~ 9 7i Retum Yo: O ~ Fint Federal Savings 3 loan Association ' • ..:~~+?'~+r; Notary Pub~c. Siate of florida at Larq~ Of Forf Pierte. ~1 t~~~ ' My Commissioo Expires Aug. 6 1971 Fort Pierce. Florida 1 ~ ~~i . ' ~ ' !i ~i~ lo~d!d {X ~K+! Ei~ ~ Caswrr C1i • .i This instrum2nt prcpzred by FILED AND RECORDED ~ n Assn. ~ ST. LUCIE COUNTY F ' First Federzl Sav. & Loan : - , ~E ~ . LA.~ ~ of Fort P' ~ . . • ~ ~-_?~t~~~o .'y~. ~ - ~ . -16~ss$ ~ ~ ~ ~EB ~ A~ 9 : 5e s _ . ~ . . ~ k0::i.:F ~ OITRHS ~ ? t BUOK~ PACE121~`E~=CIRCUIT COURT ck ~ ~ _ ~ ~:°o w ~"~-a..=,_ -