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Home My WebLink About0727 ` y~~ ~ `'j~ ' .~a r , ~ to plan ~nd coroinuou~ly kHp on tM buildinyt now o~ h~r~~flat ~itu+t~ on s~id land and on all eqvipment and pe?tonalty cov~red by this matg~ p~, with alf premiums tnereon paid in futl, tin insur~ncs in rhe vswl s~ar+dard policy fa+n, in a sum apprawd by tM MORTGAGEE. ~nd windstorm iniwae~e i~ ths uiwl s~andsrd policy form, In a wm ~pprovad by ~h~ MORTGAGEE, in wch comp~ny w companta ai tM MOR?GAGEE may dirsctt +nd ~II firs ~nd windstorm inwrar+p polkies on any of said buildinps, ~ny intenst th~rei~ ot part ths~sof, in tht apyreQate sum ~fonNid a ~n ~xcea tAer~of, thall conaln th~ vswl s~arxiud mortgsye~ clsu~ w wch other claus~ as th~ Mortp~~es may requ~n, en~kinp tF?s lost unda said poli~ cie~, each and evary. o~yabk ro aW MORTGAGEE as its interost m~y ~ppear. ~nd each u~d every s~ch poliq ihall b~ promptly ass:yned ao+d delivered ro •ny Mld by s~id MORTCaAGEE ss iurthe~ secu~iry ro~id mortya~s debt, s,~d, not ku thsn te~ (10) days io advancs of ths expiratior? of esth polky, to dh livK to said MORTGAGEE a renewal thereof, to~e~her with a receipt for tM pnmium of such renewalJ and there shall be ra fire or winds~am i~tvw~u pl~ad on any of s~id bvildinps, ~~y interest 1hKein o? psrt thereof, unleu in tF~ iwm and with the loss payabk u afo~esaid~ and in 1M ewM any swn of mon~y beco.nes payabl~ u~der tud~ polky a policies s+id MORTGAGEE ~hall have the opt~on to receive and spply the sune on attount of tM indebtad~ ~eu stcu~td hereby o~ ro permit said MpRTGAGORS to ~eteiva and use it or any part thereof fw otF~er purposes, wilhouf thrreb~ waivi~~ or impai~- inp any p~ity, lien or ri9ht vnda w by virtua of this mortqayej and in ths evcnf said NIORTGAGORS shall for any reaso~ fail fo keep the ~aid prem[tes so iruured, w fail to deliver ~xomptly any of wid po:icies of ir?suranc~ to said MORTGAGEE, or fail promptly to p~y fully any premi~m therofar o? in any roip~ci hil w pafonn, dischirge, execvts, effect, complete, comply wilh and ~bide by this covenanf, or any part he~eof, ~sid MOR7GA6EE m~y pl~oe and pay fa such Inwrancs or u?y part thereof without waivinp w ~ffacting any option, Ua+, equity, a righ~ ~~er o~ by virtw of thls Mortyape, ~nd ths full amount of each and every wch p~yma?t sh~ll be immadiately dw and pyabls and shall bear intereit from the date tlx~eof umil paid ~t the nt~ of nine per centum per annum and togethe? with tuch intaest sl~all be secwed by 1he lien of this morly~ge. Yo permit, coma+tt or wffsr no wute ImpairmeM a deteraratan of taid properry o~ a~y part thereof. S. To pay sll arwl singular ths costs, cM?ges snd expenses, i~luding a reaso~?abk attwney's fee a~d wsts ot abstracts of title, i~cvrred w psid at any time by said MpRTGAGEE, because or in thc event of tF?e failuro o~ the part of the said MORTGAGOR to duly, promptty snd fully perform, d~scharyR execvte, affect, oompkte, comply with and ab+de by each and every the itipula~ans, sgrecme~», co~ditions, and mvenanb of said p~omissory rate and thw mortgape any w either, and sa~d cosb, charges a~d expenses, each and every, shall be imrt~ediately due and payable; whethe~ or not there be notice d~ mand, attempt to colkct or suit pendingp and the fufl amount of each end every s~ch payment ahall bear Imerest from tFa date tF?ereof until paid N the rate of nine per cemum per annum; and all said tosts, charges and expe~ses inturred ot paid, together with suth interest, shall be sacured by the lien of this ~9~. . b. That (a) in the event of any broxh of this Mortgage or defautt on tM part of the MORTGAGOR, or (b) in the ever?t any of said sums of momy herein referred to be no1 promptly and fully paid within thirty (30) days nex~ after IFe same uve?atly become doe ~nd payable, witho~t demand or noYKe, or (c) in the event eath and every the slip~lations, sgrsements, conditions and covenants of said promissory note and Ihis morfgage sny w either aro not iu1y, promptfy and fuNy perfwmed, d~scha?ged, cxrtuted, effecfed, completed, complied wi~h and ebided by, then in e7ther or any such event ths s~id ~p- gregats wm mentio~ed in ~aid promissory notrlF?e~ remaining unpaid, with interest atuued, and all moneys setured hereby, shall become due and piy- able fwthwith, or thereafter, at Iha option of said N10RTGAGEE, at tutty and completely as if a!) of the said sums of money were originally _ stipulated ro be paid on such c'•y, anything in sa~d promissory ~ote a in this Nlortgsge to the contrary notwithstarxling; and thereupon ot thereafte? at the option of said MORTGAGEE, without notice or demsnd, wit at law w in equity, there(ore ot thereafter begun. may be prosecuted as if all moneys secured hereby had matwld prlor to irs institution. 7. That in tl+e event that at the beginning of or st any time pending any suit vpon this Nlortgage, or to iweclose it, w to reform it, a to enforcs payment of any clair.~ hereunder, said MORTGAGEE shall apply to the Court hsving j~risdiction thereof for the appointmMt of a Receivar, t~ch Courf sMN forthvr~th appoi~t a receiver of said mortgaged property atl and singula~, includ,ng all and singv~ar the income, - pfofits, iuues and revsnves fran whaterer source derived, each and every of which, it being expressly understood, is hereby mortgsged as if specifically set (wth and described in the y?anting and habendum clauses hereof, and such Receiver shaQ i~ave all the Moad and effective functions and powers in anywise entrvsted by s Courf to s Receiver, and such sppointment shall be made by si?ch Court as an admitted eq~iry a~d a matter of absolute rigM to said MORTGAGEE, and without referente ro tMe adequaty w inadequacy of the value of the property mortgaged or to the sohency w insolvency of said MpRTGAGOR w the defendanb, snd thaT such ~ rents, profits, income, iuves and rerenues shall be applied by sucF? Receivet according to tF?e lien or equity of wid MORTGAGEE and the prattite of suth CouA. 8. To duly, pras+ptly and fully perform, discharge, execute, effect, complete, comply with ~nd abide by each and every the stipuktions, sgreements, conditiorn and covenants in said promissory note and this mo.tgage set fath_ 9. 7Fiat in the event tFie ownenhip of the morigaged premises, a any part thereof, becort~es vested in • person other thsn the MORTGAGOR, tM MORTGAGEE, its uxcesson and auigns, may, without notice to the MORTGAOR, deal with such wccessor w suaessor in interest with reference to this mortgsge and the debt hereby secured in the same manner as with Mortgsgor wirhout in any way vitiating p dixharging the Mwtgagors' li~bility her~ under or ~pon tl+e debt hereby secured. No ssle of the premixs hereby mwtgaged a~d oo fwbearance o~ the part of ~he MORTGAGEE or Ns svaeuon or assig~ and no extension of the time (or the payment of the debt here6y secured given by the N~ORTGAGE£ or its successors or assigns, shaH operafa to retease, discharge, ~»odify change a affect 1F~e wiginal liability of the MORTGAGOR herein, either in whok or in put. 10. It is speciticatly agreed that time is of the essence of this contract and that no waiver of any obligation hereurKle~ or of the obligation se- cured hereby shall at any tune thereaher be held to be a waiver of the tNms hereof or of the instrument sec~red herby. 11. In add~tion to the foregoing monthly psymeMS of princ'pal and interest required by 1he {xomiuwy note secured hereby, mortgagar covenants and agrees to pay to morlgagee with escF~ montMy payment an additionsl wm estimated by mortgagee to be equal b 1/12 of the annual cost of the folbw- ing: A-All real property taxes levied or assessed agai~st the above deuribed real estate. B-Premiums on fire and windstorm in:urance as herein req~~red to be carried on the improveme~ts sitvate on the above desaibed premises, C-Premiums on such mortgage guaranty insurance as mortgagee shall from time to time deem fit to tarry on the ban setured hereby. Mwtgagee shall from time to time notify mortgagor in writing of the amount due and payable he?eunder and suth wm shall therevpon be dve and payable on the dve date of the next monthly payment and each suctessive month thereafter urtit morigagee shaN rrofify morfgagor of a thange in such amount. Such sums shall be applied by mortgagee toward the payment of rea) property taxes, insurance prem;ums, and mortgage guaranty i~suance premiumi. - IN WITNE55 WHEREOF, the ssid MORT AGOR has hereunto set Fis hand and seat the day and year fint eforesaid. ign Sealed and de 'vered ' e escnce of: ~ . ~ ='v lSea4 ~aq • ~-n - r~.n S7ATE OF RORIDA ~ courm of St. Lucie 6efore me penona(ty appeared John D. Davis, A Single Adult and his~wife, to me well known and known to me to bs rhe individualt dewibed in and who exec~ted the fwegany instrument, and adcnowledged before me that e:ecuted the same fa the p~rposes rherein e~xested. ~~LX.Sl1[ .ifi `u h ~ ~~,~i WITNESS my hand and official seal this ~y of October . . f 19,.,~•~ `:s . ' ' _ : Yy ' Notsry Publit in and fw the St~te Qf; ~da a r t~ - Retv~~. To: rt'ILEO MY Commission expires: ~t 'C' F'ust Federal Savi 'AND RECOROED ~ " = - ~ "9' a ""°~"t'°" ST. ~UCIE COUNTY +~sT~1 Mt ~ d ~ = ~ or ro.~ Pierce. fiC~ • FLA. ~Y ~ oF Ro J,=,~' _ fwr rK~ce, F~o~~da P Rf? VERlFIED wweeo~i ~ow~i~ ~P~~s pEC~~=.',~. 97t Q•'r k~ 1~1 ce w. ~a~LOwrti S fi: ~ ~ 8-1~ it,~~ . 68 NOU T AN IQ : 36 . - This Instrument Prepared By ~ O First Federal Savi~.gs & Loan Association ~ZD ' For~~Pier ROG~R POITRAS ~ C RK CiRCUtT COURT Check By ~ " , ~ i t ~ , BOQK174 PACf .7z4 . . i - ~f t