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Home My WebLink About1702 To plac~ u~d continuously k~~p on tl~ buildinys now or hereaftN sitvats on s~id laed and on all equipment and pason~liy covered by this matp~ ap~, with ~II prtmiur?A thtreon pald in full, iiro insu~anc~ in ths usual :tandard policy form, iwn approvtd by tM MORTGAGEE, a~d winditam insw~nc~ In 1M vsval standard pol~q fam, in • ium app~oved by tM MORTGAGEE, in such comp+ny or compania a tM 1NORTGAGEE m+y dinctl ~nd dl fi~~ and windsform iniurant~ policies on ~ny of uid buildinps, any int~r~st therein w pa~t therwf, in tM ~yyreyat~ ium ~for~iaid a In ~xc~ss IMr~o% aMll ca+tain ths uiual it~nd~rd mortgayN clause w such other cl~~se +s th~ Maty~yes may ~puu~. m~klnp th~ lou under s+id po~i~ ci~s, tsch ud ~v~ry, p~yabk ro aid MORTGAGEE ~s its intcrett msy sppear, snd esch and every +urb policy shall bs pranptly ~u:yned and delive~ed to any h~W by said 1MORTGAGEE ~s fvrtF+er security to s+id mo?tp+y~ deb~. +nd. ~ot leu tMn ten (10) dayt fn sdvance of tM ~xpir~lion of e~ch policy, ro d~- liwr to s+id MORTGAGEE a renewal tnereof, rope~Fwr with • roceipt fw ~Fa premivm of s~ch renewslj and ther~ shall b~ no fin or windstwm insuranc~ pl~qd on u?y of said buildinps, ~ny intereit therein w p+rt thenof, unless in the form'~nd wi~h tM loss psyable as afaesaid; and in tM event ~ny s~m of mawy becan~s WY+bI~ vr~r rYti policy a policies said MORTGAGEE shall haw IM option to receive and apply tM sam~ on ~ccounl 01 tM f~dtbted~ ttest sKVr~d FKr~6y w b permit said MORTGAGORS fo teCeive end ust it or any pa?t thereof fw othcr purposes, wilhout thereb~ waivi~~g w impair- iny sny puity, li~n or r'~pht unda w by virtve of this mortp~e; ~nd in the ~vcnt s+id MORTGAGORS sMll fw any reason f~il to keep tM said premises so i~svred, w f~il to deliver promptly any of said policies of insunnca ?o ssid MORTGAGEE, w fail promptty to pay fully ~ny premium therefor p in any respect fail w pMfam, diuharye, executs, effect, complete, comply with and abide by thi~ covenant, a any psrt hereof, iaid MORTGAGEE m~y plsce u+d paY for such ieauranc~ w any pan thereof without waNinp or affecfinp aoY optan, li~n. pu~ty. or riphf under w by virtw of thi~ Mortpap~. and tM full amouM of t+th ~nd wtry such payment ihall b~ immedi~tely dw s~d payabls ~nd shall bear interest fronl tM dat~ thereof until paid at tM r~t~ oi nir» p~r cem~m pa ~nnum snd together with sucA i~tere~t shall be secured by tM litn of this mort9age. 1. To permit, oommit or suffer no wast~, ia+pairrt+enl w deteriontion of said property o~ +nY part thereof. S. To p+y all ~nd sinpulsr tM•cosn, chuyes +nd expe~ses, includiny a reasawble attaney's fee a~d costs of abstracn of title, incurred w paid at ! ~ny time by s~id MORTGAGEE, betause w in the ~vent of the failure on the part of ths ssid MORTGAGOR ro duly, promptly ~nd fully perform, discha~ge. Q7cKYt~. effed, tomplat~, comply with and ab~de by each and every the st~pula~ions, .greemenn, ca+d~~io~?s, +nd coven+^n of uid promissory note ~nd thii mo~tyap~ ~ny or either, and s+id cosn, charges and expernes, each and every, sMll be immediatety due snd p~yable: whether a not there be notics da mand, att~mpt to col{act or wit pending; and the fvll amo~nt of each +nd eve~Y such payment shall bear i~te?est from ~he data thereof until psid at the rate of nine pe~ centvm per annum; and all said costs, chargss snd expenses inc~rred w paid, together with such interest, ahall be astured by ths lien of thu mortyaps. e, Tf?~t in the event of any breach of this Mortgsge w default on the part of the MORTGAGOR, w(b) i~ the avent ~ny of said svms of money herein rtfared to be not promptly and fully paid within ~hirty (30) days nex~ after the same_;tY~rally becoine due and payable, withoul dem+nd or notice, or (c) in the event each and wery the atipulaiwns, r ~ti"oT~ss~d promiuwy note and this mortgage sny w either art no1 iuly, promptly a~ fully parformed~discha~gad;-e~ecuted, effected, compteted, compl~ed w~th snd abided yy, then in either w sny s~ch event the said sg Qr s?e sum menra -in-sat~ promiuory note then remaining unpaid. with inte?esl acuued. and a11 moneys secured he~eby, shall become dw and pay~ sble t wil o? thereafter, at tha option of said MORTGAGEE, as fully and completely ss il all of the sa~d sums of money were wi~inaiiy stipui~ttd to be paid on svch day, anythirg in sa~d promissay note w in this Mortgage to the contrary notwithstsnd~ng; and thereupon or thcreafter at the option of •aid MORTGAGEE, without notice or demand, suit at law a in equity, therefwe or therea(ter begun, may be proaecyted ss if all rnoeeys secured hereby had matured pnw to iri inslitution. 7. Th~t i~ ths evcnt that at the begi~ning of or sf any time pending aoy suit upon this ~Aortgage, o~ to foredou it, or to refwm it, or to enfwts paymenf of sny claims hereunder, said MORTGAGEE shall apply fo the Court having jurisd~ction thereof for Ihe appo~ntment of a Receiver, such Court shail Fo~tliwith ~ppoint a receiver of said mwtgaged property all end singular, intludmg all and singu~ar the income, profits, issues and revenues irom whatever tource derived, eath and every of which, it beinp expressly ~ndentood, ii hereby mwtgaged as if speciiically ut fwth and detuibed in the grsnting and hsbendum tlavses hereof, and such Receiver shall hsve all the broad aod effective funu~o~s and powers in anywise eMru:ted by a Cov?t to a Receiver, and such appointment shall be made by such Court as an admitted equity and a matter of absolute ~ight fo said JNORTGAGEE, and without refe~ence to the edequscy or in+deqvacy of the vatue of the prbperty mortgaged or to the sonrency or insolvency of said MORTGAGOR a the defendants, and that such rents, profiri, income, iuves snd revenues shall be applied by s~ch Receiver accordin9 to the lien w equity of wid MORTGAGEE and the practice of such Court. 8. To duly, promRtly snd fully perform, discharge, execute, effect, mmplete, comply with and abide*by each and every the stipulations, agreemenri, conditions and covcnants ~n sa~d promisswy note and this mortgage xt fwth. . ~ 9. That ie the event the owne?ship of the mortgaged premises, or eny psrt thereof, becomcs vested in s penon other tha~ the MORTGAGOR, the MORTGAGEE, iri succeuws and assigns, may, without notice to the MORTGAOR, deal with such succeuor or successor in interest wi~h refere~ce to this mortgsye and the debt hereby secured in the same manner ss with Mortgagor without in any way vitiating oi discharging the Mwtgagors' liability herr i under w ~pon the debt hereby secured_ No sale of the premises hereby mortgagcd and no forbea?ance on tF?e part of the MORTGAGEE w its successon ~ or auig~n and no extension of the time fw the payment of the deb~ hereby secured given by the MORTGAGEE or its wcceuors w auigns, sfiall operate nt to rcleasc, dixhsrye, modify change w aifect the orginal liab~lity of the MORTGAGOR herein, either io whole or in p~rt - 10. h is spec~fically ag?eed that time is of the essence of this conuact and that no waiver of s~y obl?gation herevnder or of the obligation se- n,red hereby shall at any time theroaftt? be held to be a waiver of the terms hertof w of ihe inslrumeM secured herby. 1 . ts and agree~ to pay o with each monthly paymcnt an add~rional sum est~mated by mortgagee to be equal to 1/12 of the annual c ow- in9~ i c A-All real property taxes levied or assessed agains described real estate. f B-Premiums on fire and windstorm inw?ance as herein requ~red to the improveme:+ts situate on the above described premises. ~ C-Premiums on suth mortgage guarsnry insur gagee shall from time to time carry on the losn secured hereby. Mo?tgagee shall from ti noti y mo?tgagor i~ writing of the amount due and payable hereunder a shall thereupon be due and payable on t _ o. th. nP:t monthlv oavment and each successive month thereafrer urtil mortgagee shall notify mortgag e in such - premiums. ~ N WITNESS WHEREOf, the ssid MORTGAGOR has fiereunto set his hand snd ual the day and ye~r irst afwosaid. ~ € ' ned, kd deliwted in the eserec~ f: ~ ~ ~ •n ~ ~ (Sea4 ~ ~ cs~~n n-•n ~ STATE OF FLORIOA ~ ~ covrrnr oF St. Lucie Befwe me penonally appeared Wllllam L. Bdll@y LO15 S. Bailey his wi1e, to me well known and known to me to bs the individwls described in ~nd who executed the foregoiny instrumeM, and acknowtedged before me that they executed tFx same for tlx pvrposes ~ ?tK~~~~ exP.hKd. a~d rhe :,~d Lois S. Bailey wife o+ tFK said William L. Bailey , upon a separate and private exsminatwn by me taken separate and apart from he. ssid husband, acknowledged to and before me tlwt sF+e ezccuted said instrumem freely and voturr + ~ tarily and without aiyr compulsion, constraint, apprehe w ear of or from her said husband. ' WITNESS my hand and official ual thi day of `1uly " A. D. 19 68 ; ~ ~ ~c~ ~ a Notary Publ'K in and iw the State of Florida at larye ; My Commiuion expi~a: ~ Return Ta ~ F.ILED AND RECOROED' ~aT~pr ~ueuc Fint feder~l Savings t~ loan Association ~ St. LUCIE COy~UNTY FLA. . ~ Fo?Pieraf Fbrida aorYvo ~~ti~$I~NFATE~Qn rFLORl9A 6j (9R6E ~ F ~~~3'xVC7 r . ! !o ~'~.3~ °~Ea•~..~~.~9 ; i ~ Tliis instrumer~ prepared by '68 JUL 3 AI~I I I: 0 I s Flrst Federal Sav. & loan Assn. ~ ; - of fort Pier , C C~'`'`~ - = - ~ ! p I' • ~y ~p~ ~~OG~? ',-RAS ~ pY • ~ ~1~'~~~`'(~JL~s~. , r ~ _ ~ - ~ CLERK CIRCUIT COURT - - ~ . , . : : 1 - ~ . ' V~~ ~ ~ e r. 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