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Home My WebLink About0959 1 i ; ~ i `"i ~ S. To ptac~ and conttnuousiy kNp on tM buiWkpa naw a Mnstt~? situ+» on aid land and on all pvipm~nt and p~rson~ly cov~.~d by this map~ +q~, with ~11 p~~miwns tt,K~on p~id in full, fin inswanc~ in ~M uiwl standard policy form, in a wm approv~d by the MORTGAGEE, ~nd windstwm inwwnu in ~ly uswl ~t~nd~rd policy fwm, in ~ wm ~pp~ov~d by 1M MORTGAGEE, in ~uch co~mpany ar canp~n;~s a tM MORTGAGEE m+y d?ndj ~nd ~1! flr~ and winditorm imw~na polkia on ~ny of uid bviWirp~. ~ny intK~q ths~~in or part therwi, in the a~yreyar~ wm aia~said or tn u~cas tMrcof. sMll oontain tF» usual sNndard monyspN clwk or such Wha clawa ~t 1M Ma~paQe~ may requu~. maki~p tM toss undN s~id poli~ cia, tad~ ond ~wry. paY~bk w aid MORTGAGfE a~ iq lnls~eaf maY ~pp~ir. and sach and rrery wch policy shall b~ promptly su:qn~d and d~livered io ~ny Mid by ~aid MORTGAGEE ~s fvnMr ~ecvrity to sak! matysp~ debt, a~d, not ku tMn ta? (10) days in sdvanc~ of tM ~xpi~ation of exh policy, to dr IivN to said MORTGAGEE a ~en~wal ~her~of, topeth~ with a rac~ipl fw the pnmiwn of wch r~newal; and ther~ shsll bs no f'u~ w winditam ii+sw~nc~ p~aad on ~ny of ~aid buiWinps, ~ny interest th~rein or p~n theraof, unleu Io ths fo~m and wiih tM lost p+ysbb as aforssaWj aad in tM ~vsnt ~ey wm of rewn~y becprns p~yabl~ sud~ paky p policies said MORTGAGEE ihall haw fM option ~o receive and ~pply ths ssms on accoum ot tM indebted- . nsss s~our~d hereby w to permit ~aid MpRiGAGORS ro~epiw and uN ft p any pa~t thereof iw other pwposes, without thereb~ waiving a impair- Irq anY puity. lien w ripht undK or by virtw of this mottya~i and i~ Ih~ ~vent Wid MORTGAGOQS sAa4 fa ~ny reason fail M keep the t~id p?emisa~ so inwr~d, pr fail fo dsliver promptly ~ny of s+id poticia o( ir?wranp to s~id MORTGAGff. or fail promptly ro piy fully any p?emiwn therdfw or in anr rap~ct fail b pKfor~, dixl+u~s. exacvfe. ~ffeN, complete. oomply with ~~d abid~ by thia cov~nant. u aey put htreof, sald MORTGAGEE inay plse~ and pay fw avch ira~rranc~ or aey psrt tMreof without w~hrinp or affediep any optlon, lia+, eqvity, w righ~ under a by virtw of thts Matya~~, ~nd ths full amouet of tach ~nd tve~y such paym~nt shall b~ immedi~tely dw ~nd p~ysbl~ and shalt bear interest from ths d~te thereof until paid at ths rab of nins pq tentwn psr anrwm a~d together with such i~terest shall bs secured by the lie~? of this mort9spe. . 1. To pamit, eoenmit or wffa no wa~ts, lmpakment or deteriaation of s~id property or ~ny ps~t the?eof. S. To p~y ~II a++d sinpular the cosb, charqes ~nd exp~rnes, indvdi~g ~ reasor,able attwney's fee and wits of abstracts of tiNs, &KVrred a psid at any time by said AApRTGAGEQ bcwss a in fhs :w~?t of th~ failuro on the pa~t of H+~ said MORTGAGOR to duly, prompNy ~nd fully perform, d~xhar9e, executq ~ff~N, oompltt~, cwnply with and ~bids by ~ach ~nd every the stipulations, agreemenri, conditions, ind oovenants of said promiswry no~~ ar+d this matpape any or either, and said cosh, charyes and expense~, each and every, shall be Immediately due and psyabte: whether or not there be notice de~ mand, ~nempl fo aoll~ct w ait pendirg; snd tM fv~) anwunt of t~ch and every tuch payment shalt be~r int~rest from the dat~ the~eof until p~id at Ihe rate of nins per centum per annum; and all said costs. chuyes a~d expenses inturred or paid, togethe? with avch interast, shal! b~ aecured by th~ lien of this 6. ?h~l {a) in the ~vent of any breach of this Mortysye or default on the pa?t of the MORTGAGpR, or (b) in tAe event ~ny of said sumt of mo~ey hcrein refened to be not promptly and fully p~id within thirfy (30) days oext after the same sevcrally become d~e and payable, wi~hovt'demsnd or ~otice, or in the event each a.~d we~y the atipulatio~s sgreemenn, condii~or?s and mwn~nts of sa~d promiuory nofe and th~s mortga9e any or either are ~w1 iu1y. P.wM,ry ,~d ~,iy pe.fo~r„ed, dischsrged, execvted. ~ffect~d. tompleted, complied with and abided by, thsn in e~ther or any s~xh eveM ths said ~ gregah wm mentioned in s~id promiuory npte then remsinin~ vnpaid, with interest acaued, and all moneys secured hereby, shall becpne due and psy~ able forthwitFy pI tI1Q?Nf1N~ at the optwn of said JNORTGAGEE, u fully and comple~ely as if all of the said wms of money were originally stipulafed to be paid on s~ch day, anything in said promiuory note a in this Mortg~ye to the conuary notwi~hs~anding: and thereupon or thtreafter af the option of ~aid N{pRTCaAGEE, withoW notice or demand, wit at Iaw or in equity, tFrorefore or thereafter begun, may be prosecuted as if all nwneys secvred hereby had matwed prior to its irutitution. 7. TMt in the event that ~t the begiru?ing of or st ar.y time pending any wit ~pon this Ma~gage, w to fweclose it, w to reform it, w to enforp payment of any claims hereunder, ssid 1NpR1GAGEE sMll apply to the Court having jurisdiction thereof ior tF?e appointme~t of • Receiver, wch Court shall Fwthwith sppaM a rece'rve? of said motfyaged properfy all and sirguler, ir?ttud~ng all antl singular the inaorne, profits, issues and revenues from whatever wures derived, each and every of which, if beinp expressty undentood, is hereby mortgaged as if specificaNy ut fp~h and described in ths prsnting ~nd habendum davses hereof. ~nd suth Receiver shall have all the broad and effective functions and powers in anywise entr~ate~ by a Court to a Receiver, and :uch appointme~t shall be made by s~ch Court as an admitted equiry and a matter of absofute r'gM to said MORTGAGEE, and without refe~e~ce fo 1he adeqvacy a,inadequacy of the wlue of the p?operty mortgaged or tu the sotvency or ;~so~vency of iaid MORiGAGOR or the defendann, and ihat such rems, p~ofib, income, issues and ~evenues siwll be appl'ied by such Rcceiver accwding to the lien or equity of s~id MORTGAGEE and the practice of such Coun. 8. to duly. promptly and fully perform, discha~ge, execut~ effect, complere, comply wi~h and abide by each and every the stipulatiau, agreernenq, conditions and covenanti in said promissery ~ote and this mortgage set forth. 9. That in the eve~t the ownenhip of the mortgayed prem;ses, w any part thereof, becornes vested in a penon other th~ the MORTGAGOR, the MORTGAGEE, its avcceswrs and assigns, may, wirhovt narice to the MORTGAOR, deal wiM such succeuor or svcceua in inlerest with reference b fhis mortg~ge and the dtbt hereby secured in the same manner as with Nbrtgagw witFaut in any way vitiating a discharging the Nbrtpsgors' liability hera undet w trpon the debt hereby secured. No sale of the premises htrcby mortgaged snd no forbearance on tha part of the MORTGAGEE ot in svotessors or au;gns snd no extension of the time iw the paymeM of the debt hereby recured given by the MORTGAGEf w its succeswrs or assigns, sMll operate to rek~se, discharge, modify chuge a affett the original Iiability of the N10RTGAGOR herein, either in whole or in part. 10. It is specifically agre~d that time is of the essence of this contrad and that no waiva of any obl'~gation here~rKkr w of the obligation se- cured hereby shall at any time the?cafie~ be held to be a waiver of the terms hereof a of the instrumem secured herby. 1/. In addition to the fwego:ng monthty payments of princ'pal and interest required by the promissory note secvred hereby, mortgagor covenanb and agrees to pay to mortgagee with each monthly payment an addirional sum est~mared by mortgagee fo be equal to 1/12 of the annual cost of the follow- ing: %1-AN real p?operty taxes kvied or assessed agai~st tF~e above described real estate. 8-Premiums on fi~e and windstorm insurance as herein requ~red to be carried o~ the improvertients situate on the above desuibed premises. C-Premiums on such mortgage gusranty insurarxe as mortgagee shall from time to time deem fit to carry on tlx bao secured Fkreby. Mortgagee shall from time to time notify rtwrtgagor in writing of the amount dve and payablt hereunder and such sum shall therewpon be due and payabk on the due date of the next monthly payment and each successive month thereatter ur,til mortgagee shall notify mortgagor of a change in s~ch amount. Such sums shall be applied by mortgagee toward the paymenf of resl property faxes, ins~rance premiurt?s, a~d mortgage guaranty inwrance premiumt. IN WtTNESS WH , the s' MORT GOR tus hNeunto xt his hand snd seal the day and yea? first aforessid. S~pned.5eakd del' of: ~ ~ ~ ~ ~,.aq ~ ~--n STATE OF FLORIDA ~ courm oF St. Lucie SS` Befae me penon~lly app~ared Azthllr C. biosehenross, a sing2e adult a~! ~is~wif~, to me wetl known and known to me to bs the indiridwts described 'in ~nd who e~cecuted the foreyoirg instrument, ~nd adcnowkdged before me tFwt ~h~executcd the wme fa the pwposes therein ucprested. A~•11w• NJ wffe ~i' fh~ s~Ad ser+~ats-+od yrLwt~ ~ensw~in~lisw bT n~s MiewwpMSN ~+wd-ap~t~ k~n? ~er ~ai~ IK~~dr. ~du~owlerge~4l~•ew~ iNf~r? Nwt-si~s-wawt~L ~aii•iKMrw~e~f~rs~ly~ ~nd.~wlwr. ~ts~iMpM1« . ~sts+iM.-aPP~~+~~. ~ fer-.of .o~. frrn? bea sairLlw~lwwl. wirkess mr~~ad,.nd,~r~.~ rrW,~ 2Btb d,y ~ Aµ a n. 19 68 : ~ ' ~ ' . ary Public in and for the Stste of Fforida ~t lu~s ~ , .•Return To: • , - . N~Y Commiuion expires: F;,,t ~.~,E.~;,,g, a~, ~p„ FILEO AND RECORDED p~, S~k of ~ at (uge - : of'Fo.r PK,«. : ST. LUCiE COUNTY. FLA.- ~ ",~~;~s - RECORD VERIFIED Mr Ccmmissian Ezpires Sept. 23. 1409 lf ~~95 ~ f.. s . . ' ~ . ~ - '68 AU~ 28 AM 10 : 02 . This Instrument Prepared By First Federal Savings b toan Association • of Fort P~erce ~OGEi? i'O17RAS J. Chastain CLERK CIRCUIT COURT Chedced By - - . . ~ aooK 173 ~ 95~. ~ ; ~f .