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Home My WebLink About2027 ~ . - 9. To plact and conNnuousty kkp on th~ bvitdinp~ now a haeafiN ~itwts on said I~nd ~nd on ~II equipmeM ~nd psnon~lly cov~r~d by this ma~ with ~11 pramivms lhsreon paid in full, firo iniurant~ in th~ uiwl sandard polky fwm, i.~ s ~um approv~d by tM MORTGAGEE, and windi~orm inwr+ncs in th~ uswl ~tandard poliq twm, in a sum ~pproved by tM MORTGAGEE, in such oompany w companies ~s tM MORTGAGEE may di1Kf~ u~d a11 flre snd windstorm iosuranc~ polici~s on ~ny of 'said build~ops, any innr~it therein w part IMreof, in tM ay9reqa~e wm afons~id a M~xcess thaeof, ahall contain the ~swl ih~dud rtartga~ clsuse a such other cl~u~ ~s ths Matya~~e may requin. makL+p tM las w~de~ ~aid polb cia, e~ch u~d ~vrry. p~yabk ro said 1NORTGAGEE as ib Intarest may ~ppear, and each and tvery s~ch policy ~hall M promptly ~ss:pned +nd detivered to any MW by uid MORTGAGEE as fu~~her sccurity to ssid matyape debt, ~nd, nol ku Ihan ten (10) days in advance of tM expiration o( each r!~y, ro d~- liva to said MORTGAGEE + renewal thtreof, topether writh a receipf for the premium of i~ch renewal; and lhero shsll be no fire w wii~dstam inwrant~ pl~ad on any of aid bulldirgs, any interest therein or p~rt thereof, vnless in the fwm and with tM loss p~yabl~ ss ~fweuidj ~~d in tln ewnt any tum of ma~ty becomes payable under ~uch poiicy or policies said MORTGAGEE shall haw ths option to roteive and appty tha sam~ on accouM of the I~debfed- ~est setur~d haeby or to petmit said MORTGAGORS to receiw snd us~ it ot any part thereof Iw othor purposes, wilhout thareb/ waiving M impair- inp +~y eqviy, lie~ or right ur+da or by virtue of this mortpsps; ~nd in the evee~t said MORTGAGORS shall fw any reawn fail to iceep tF?e ~aid premisa so insvred, or fail to deliver promptly sny of said poticies of i~surance fo sa+d AWRTGAGEE, a fail promptly to pay fully any premium the~efor p in ~ny n~pect fiil to perfwm, dischuge, execute, ~ffatt, tomplete, tomply with ~nd abids by this tove~aM, u.ny pan hereof, uid MORTGACaEE may pl~te ~nd paY fw stxh inturance a ~ny paH thereof without waiviny or affettinp any option, tien. equity, w right under or by virtut of thi~ Mat~~, and 1M full ama?~t o( each and every such paymsnt shall be immediately dw and payable aod shall bear interrst irom th~ date thereof v~til paid ~t tM rat~ of nine psr centum per ann~m and together with such interest shall 6e secured by the 1'~en of this matgage. 4. To pe~mit, commit or suffer no waite, impairment or deterioration of said property a any part thereof. 5. To pay all and singular tl+a costs, charges snd expenses, including s reaswNbk attwney's fee and costs of abstracq of title, incvned or paid at sny time by ssid MpRTGAGfE, because w in the evcnt of the tailure on ths p+rt of ths said MORTGAGOR to duly, prompNy snd fully perform, diitMrg~, execute, ~ffect, complete. comp~y with and abide by each and every the stipvlatio»a. sgreements, conditions, and covenanb of said promissory note and this mongape any or either, and said cosn, charges and expenses, aych and erery, shall be immediately due aod payable: whether o? not there be ~oY~oe de~ mand, attempt to mllect or suit pendinyj and the fvll amount of each and every such payment ahall bea. interest from the date thereof until paid ~t ihe rate of ni~s per tentum pet annum; and all said tosts, tharges at?d expenses incurred or paid, rogather with auch inters~t, shal) bs secuied by the lien of this ?~.ro~.. . ~ 6. TMI in the event of any bresch of this Mwtgsge o? defavlt on the pan of the MORTGAGOR, or (b) in ths event any of said swns of money herein referred ro be not promptly and f~lly paid within thirty (3p) days next after the same uve~alfy become dve and payabk, without demsnd w notitq or in the event esch and every the stipulations, agreerteents, conditio~s arxl covenants of w~d promiuwy note and th~s mortgage any w either a~e not iuly, promptly and f~lly performed, discharged. executed, effected, compkted, complied with and abided by, then in either or any such tvent t~- vid a~ gregate sum mentaned i~ said promiuwy note fhen remaini~g unps~d, witi? inlercs! accrued, and all moneys secured hereby, iMtl become dw ~nd pay- eble fwthwith, w thereafter, at the option of aaid MORTGAGEE, as i~lly snd completety as if all of the said sums of money were wigin~lly stip~?lated ro be paid on suth day, anylhing in said promiuory note w in thia Mortgage to the contrary notwirhstanding; ar?d therevpon or thereahe~ et a;,e option of said MORTGAGEE, without notice w demand, wit at law w in equity, therefore or thereafter begun, may be prosecuted u if all moneys secured hereby had rt?atured priot to iri imtitution. 7. That in the even~t that at the beginning of or at any time pending sey wit ~pw~ this Mortgage, w to fweclose it, or ro roform if, o? to enforc~ payment of a~y daims he?eunder, said MpRTGAGEE shall apply to tlx Cou~t having jurisdin~on thereof for the appointment of a Receiver, avch Co~n sFiall fwthwith sppoint a receiver o( uid mortgagtd property all snd singular, incl~d~~g all and singula~ the income, profits, issues ar+d revenues fran whatever source derived, each and every of which, it being expreuly understood, is hereby mortgaged u if specifically set fwth a~d described in the pwntirg and habend~m dauses hereof, a~d such Receiver shall have all the broad and effective funclions and powen in anywiu entrusted by a Court to a Receivv, a~d such appointment shall be made by such Court as an admitted equity and a rrwtter of absolute right to said MORTGAGfE, ~~d without reference to ths adequscy or inadequacy of tF?e value of the properry mortgaged or to tix wNency or insolvency of wid MORiGAGOR w the defendanb, and that such r~rt1 profin, incortre, iuues and revenues shsll be applied by such Rettiver according to the lien or equiry oi said MORTGAGEE and the prsctice of suth 8. To duly, promptly and fu)ly pe~form, d;scharge, execute, effect, comp{ete, comply with and abide by ead~ and every the stipulatiau, agreemenq, condiYarn and coveoants in said promissory ~ote and this mortyage set furth. 9. Thst in the event the owr?ership of the mortgaged prem;ses, w any part thereof, becomes vested in a p~rson othe? thsn the MORTGAGOR, the MORTGAGff, its successors and auigns, may, without notice to the MORTGAOR, deal with :uch successor w successor in interest with referente fo this mwtgsge and the debt hereby setured in the same manner as with Mortgagor without in any way vitiating p distharging the Mortgagors' li~bility hera under or upa+ the debt hereby secured. No sate of the premius hereby mortgaged and no forbearance on the pa~t af the MORTGAGEf a its auccessois w assgos a~d no extension of the time for the payment of the debt hereby secured given by the MORTGAGE' or its successors w auigns, sh~ll operaN ro release, discharge, modify change w affect the wiginal liability of the AhORTGAGOR herein, either in whole or in psrt. 10. h is specifically agreed that time is of the easence of this contract and that no waivet of a~y obligation hereunder ar of the obliyation se- cured he~eby sF~all at any time thereafter be held to be a waiver of tF~e terms hereof a of the instrumeM secured herby. 11. In addition to the fwego:~g monlhly payments of princ:pal and interest required by the promissory note secured hereby, mortgagor covenants and agrees to pay to mo:tgagee with each monthly payrnent an addiironal sum estimated by mortgagee to be equal to 1/12 of the annual tost of fhe follow- ing: A-Al) real property taxes levied a auessed against the above described real estate. B-Premiums on fi~e and windstorm insurance as here~n requ~red to be carried on the improveme:+ls situate on the above destribed premises. C-Premiums on such morfgage guaranty insurar~ce as mortgagee shall from time to time deem fit to carry on the loan secured hereby. Mortgagee shall from time to time notify mortgagor in writing of the amount due and payable he?eunder and such wm shal) thereupon be due and payable on fhe due date of the next monthly payment and each successive month thereafter urtil mortgagee sha~l notify mortgagor of a change in such amount. $uch sums sF.all be applied by mortgagee toward the payment of real property taxes, insurante prem;ums, and mortgage guaranty inwrance premiums. - IN WITNE55 WHEREOF, the said MORTGAGOR has hereu~to set his hand and seal the day and yea? first aforeseid. Sig . Sealed and live in tF+e presence of: l!• ~I/1'.YA~1Y'~ ~ d~l.I~O _~e~n .t.~._ _fSes4 ~-n . ~s..~ STATE OF FLORIDA ~ cour~n oF S t. L uc ie ' Before me persona~ly appeared R avmond Gordon DAra L~e GordAn ha wife, to me well known and known ro me fo bs the individwts described in and who executed ttie fwegoirg instrument, and aclcnowledged befwe rne that they exewted the same fw the p~rposes r+~e.ein expressed. Ar~d rhe saad Dora Lee Go~rdon f wife of ths said Ravmond Gordon „Po~, • separ~te ard privat~ ~ exsminaYwn by me taken separote and apsrt from her said Iwtband, aduwwledged to and before me tFwt she execvted said instrumant freely a~d volvrr ~arily aad without ~ny compvlsion, tonsNaint, appreh~ion, or~fear of o~ from her said husband. WITMESS my hand and officia) sesl this x1 d„~_ day of . A. ~J. 19~_ ...:~..,,s~~~~ . • . . ary Public in and for the State of Florida at Lupe ` ' ~~.Return•Ta.e• ~ ~ . , My Commiuion expires: • 4 ' ~+~1! ~1'i~. Stak ol flo~ida at Larqe fint F~deral; S~~s e. ~•~~;o„ ~ F1LE0 ANO REC~RDED~ Cowwi~sio~ E~pi~ 23 ~y6 - ' o v~ ~ 9 . " . ~n :p»~ea;~ Flo,r~a5 ~ ST. LUCIE COUN7'Y. FLA: r ~r ~ a t...rr~ cA. ~ _ . ~ RECORD V ' ~ , , ; L: ~ G ::~r..; s~ I.~~~~D ; ' a' - ~b . i ~ i This 1'ns~ru~nt',P~epared By ~~8 ~EC 3~~~ g ~ ' First Federal 'Snvingri~~ loan Association j' G_.' ) ' of Fort Piqrce ~i ~GW" ' ROG~ POITRAS = Checked By .T. Collins CLERK CIRCUIT COURT~ ` ~ 600K P~C~riV ~.~r ~ { - - ~ ~f