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Home My WebLink About2292 . . _ ~ i 3. To pl+c~ and contlouously keep on tF» buildi~g~ now or 1?a~aft~r sitwt~ on isid land and on dl eq.~ipmee~ u~d psaon+lly cova~d by this mor?¢ p~, with all premiums thereon paid in i~14 fir~ iniw~nct in 1he ususi standa~d policy form, in ~ sum approved by tla AM1ORTGAGEE, ~nd wind~tam inswa~ct M tM uswl atanda~d policy iam, tn ~ sum app~oved by tM MORTGAGEE, in wch company a comp+ni~s u the MORTGAGEE nwy dired~ and ~II fir~ u?d windswrm inswancs polic~s on eny of said build~nps, any i~1~~est th~reio or p~.f thereoi. in ths +~~e9at~ wm ~fatNW or in ~xcess ther~of, sMll conain ths uswl itandard mat9a~ claus~ qr wch other ciau:e u tM Matysgcs may requu~, makinp tM loss unde~ ~sid po~} cia, each ~nd every, p+yabl~ ro said MORTGAGEE ~s in intaeit may app~u, sr?d each and every ~vch poliq sl+~Il be promptlY +siyn~d +nd de4ve~ed ~o •ny heW by s+id N10RTGAGEE ss furtha s::vrity to saW mor~pay~ debt, and. not leu tMn ten (10) days in sdvance of the expir~Ywn of each policy, to ds- IivN to ~+id MORTGAGEE s renewal therrof, topttMr with a ~eceipt for the pr~miwn of such ~enewalt and there shall b~ no firs w windstorm k?wr~nc~ plaad on any of said b~ildings. ~ny interest therein or psrt thereof, unleu in ~he form and with the iou payable aa ~iweseid: +nd in tM ~vent any wm of money becanes payable unda such polity or policies said MORTGAGEE shall haw the option to receive and ~pply the ssme on account of the i~debted- ness sacu~~d herek?y p to permit Nid MORTGAGORS fo reteivs u~d us~ it w any pa~t thereof ior othe~ purposet. wilAovt thareb~ waiving or ~mpair- tnp aoy p~ity, lien w~i9ht under or by vutue of this mwtya9e; and i~ tM went said MORTGAGORS shail fw any reason fail M keep the said premise~ ~o insured, o~ f~il to delivm promptly ~~y of said policies of insurante to a~d MORTGAGEE, or fail promptly to p+y fuily any premium therefw or in +ny reip~ct fatl ro perform, diicharge, exacvte, ~ffact, complete, compiy with and ~bide by this tovenaM, w+ny part hereof, said MORTGAGEE may pl~ce a++d paY fa iuch tnw~u~cs or any pan ther~of without waiviap a ~ffectinp any option. Ikn, eq~ity, or ~ight under w by virtw of this Mortp~e. ~nd Ihe full amounl of tach and ~v~ry s~ch paysne~t shail be imrnedietely dw and p~y+bk ~nd shall bear intere~t from ths dafe thereof un~il paid at tM rat~ 01 nins psr centum per annum and togethe~ with such interest thall be secured by tM lien of thls matpape. 1. To psrmit, oommit or sufier no watb, 4np~irment ot deteriwation of ssid property or ~ny p+rt thereof. S. To pay dl and slnpular the costs, u~:rpes snd exper+se~. includinp s reasonabk attorney's fee ~nd wsts of abstracts of tiN~, incu?red or p+id at any time by said MORTGAGEE, because ar in the event of the fsil~re on th~ parl of Ihe said MORTGAGOR ~o dv~y, prompUy +nd f~IIY pe~fam, d~~chargR execut~, ~tfect, complete, comply with and abide by each ~nd every the stipulatioro, agreements, conditions, and covenants of said promissory note and this mortpaqe u?y w either. and sa~d cosn, chuges and expemes, esch and every, ihall b~ immediately due and payable: whether or not there bs notic~ ds ~ m~nd, attempt to colkct w sMit pendir.gs and ~he ful) amount of each and every such payment shalt bea. interest from tM date thereof until psid ~t the rote of ntne per c~ntwn per amium; snd +II ~aid ooits, cha~ges and expsnses intuned or W~d, together with suth interest, shall be secured br tM IEe~ of thif moriyap~• b. That in the event of sny Meach ~f this Mortyage or default on the part of the MORTGAGOR, w(b) in the eveot ~ny of said sums of money herein refared to bs not promptly sn~ fully p~id within thirfy (30) days next after the same seve?ally become due and payable, without demand or notice. or W in the event cach and ~very the stipulations, ag~eemenn, conditions and covenants of said promiuory note and th~s mwt9a9e ~ny or either an no1 iuly. promptly and fvlly paformed. dixharged. executed. ~ffected, compkted, complied with and abided by. then in either or any such eveM the said ap~ gregate wm mentiaxd in ssid promissory note then remaining unpaid, with imemst xaued, and all moneys secured hereby, sh~ll become dw and p~y- ab~~ fwthwith, a thereafta, ~t the option of said MORTGAGEE, as folly and completely as if all of the said svms of maxy were aiginally stipulstcd to .ie paid on such day, anything i~ saw p~omiuory r?ote w in this Mortgage to the contrsry notwithstsnding; and Ihereupor+ w thereafter at the option of - said 1NORTGAGEE, withouf tatice a demsnd, wit at law or in eq~ity, 1FKrefore w thereafter begun, may be prosecuted a~ if all ma~tra secured hsreby had m~tvred prior fo iq institution. 7. TMa1 in the event that at the beginning of or at any time pending any suit upon this Mortgage, w ro faeclose it, or fo refam it, w to enforos payment of any claims hereunder, said MORTGAGEE shall apply to the Court having jvrisdiction thereof ~w tMe appointment of a Receive?, wch Court shall forthwith ~ppoiM a receiver of said mortgsged property all and singular, includmg all and singular the income, prof~ts, issues and revenues from whatever wurte derived, esth and every of which, it beinp expreuly understood, is hereby mortgaged as if specifically set fath and destribed in the grsntinp and habendwn cla~ses hereof, and suth Receiver shsll heve all the broad and effectivs funct~ons and powers in anywise ennusted by a Cour1 to a Receiver, ~nd :uch appointmeM ahall be made by wch Court as an admitted eqvity and s matter of sbsdWe tight to said AM1ORTGAGEE. and without reference to the adequscy or inadequacy of the value of the property mortgaged or to the solve~+ty or insolvency of said AAORTGAGOR w the defendann, and that such rents, proiits, income, iss~es and revenues shall be applied by such Receiver aaordinp to tfie lien or equity of said N10RTGAGEE aAd the practice of such Courf. 8. To duly, promptly and fully pe?form, discharge, execute, effect, tomplete, comply with and abide by each and every the stipulations, agreements, conditans and covenants i~ said promissory note and this mortgage set fath. 9. That in the eveM the ownership of the mortgaged premises, or any part thereof, becomes vested in ~ person othe? than the MORTGAGOR, tM MORTGAGEE, iri successors snd sugns, may, withovt notice to the MORTGAOR, deal with such successw w successor in interett with reference to this mortpaye and the debt hereby secured in the ssme manner as with Mortgagor without in•any• way viliating or diuha~ging the Mwtgagors' (i~bility hera- under or upon the debt hereby secured. No sale of the premises hereby mwtgaged and no fosbearance on the pan of the MORTGAGEE a its suaessors or auigns and no extension of the time ior the psymem of the debt hereby secured given by the MORTGAGEf or its sutussors w auigns, shatl optrats to release, dischar9e, modify change or affect the wginal liability of the MORTGAGOR he?ein, eitMr in whok w in put. 10. It is specificatly agreed that time is of the essence of this contrad and that ra waiver of any obligation hereunder or of the obligation sa- cvred hereby shatl at any time thereafter be held to be a waiver of the tem+s F~eof or oi the instrumeM secured herby. 11. I~ addltion to the forego:ng monlhly payments of princ'pal and interest required by the prom~ssory ~o?e secured hereby, mortgagor cove~ants and agrees to pay to mortgagee with each monthly payment an addir'anal sum estimated by mortgagee to be eq~al to 1/12 of the annual cost of the follow- 'ng: A-All real property taxes levied or assessed against the above destribed real eslate. B-Premiums on fire and windstorm insvrance as herein requ~red to be carried on the improvements situate on the above desuibed premi:es. C-Ptemiums on such mortgage guaranty insuronce as mortgagee shall from time to time deem fit to carry on the loan secured hereby. Mortgsgee shall from time to time notify mortgagor in writing of the amount due and payable hereunder snd such sum shall fhere~pon be due and payabte on the due date of the next monthly payment and each successive month thereafter ur.til mortgagee shall notify mortgagor of a change in such ~ amount. Such sums sha:l be applied by mortgagee toward the paymeM of real property taxes, insurante (xem:ums, and mortgage guaranry insurarxe premiums. ~ IN WITNE55 WHEREOF, the ssid AhORTGAGOR has hereunto set his hand and seal the day and sar fint aforeseid. Siyned. Sealed arn: lelivered in the presence of: ~ •n ~ K--n STATE OF fLORIDA ~ St. Lucie courm oF Befom me perwn~lly appearcd LOUle A. Daven~r t aed ~ L7allace A~~ Davenc~ort hu wcfe, to me we0 known and known to me to b~ the individwb described in and who executed the foregoiny inatrument, ~nd acknowledged before me that they exewted the same fo? the purposes Wallace Ann Daven rt ' therein exp?essed. Md the ssid ~ wife ot rn~ ~~d Louie A. D aven~r t - o~ i sepaats ad p?iv~t~ ~ examiaafion by me taken sepsrate and apart from her said husband, acknowledyed b and befwe me that she executed said iMy r~1~MlM~lre~l~;a!d volun- y tarily and withovt any oompvlsion, constraint, apprehe~ion~ or fear of or from her ssid husb~nd. `v WITNE55 my hsnd and offic;al srsl this 7~ d~y of D ecember _ _ p~ ~q~68~ ~iti~~ ? ~ ~ , Notar~l Public in and for_the Sta~of Fbry'da~t la?r My Commiuion expiresz. j ' L~ Retum Ta. ' . ~I ~ ' ' Fint Fede~+~ sa~~s a~ n~«~ar-~, ~ILED ANp RECORDED - ~-••~~-~1': ' ! of Fon v~eae. ST, LUCIE COUNTY, FLA. i P~«. Flwida ~FCORf1 `l~RtF?~D ~ . 1~' ~G 18+~, ~ '68 OEC- 9 pM 2 • ~s . This Instrument Preparea By ' First Federal Savings 3 Loan Association i~ d1Qr~-*~ of Fort Pierce ? ~FR .'OITRAS ~h~~ ey ,T. Collins ~~E K CIRCUIT COURT BooK1?4 ~A~2287 . . L/~ E _ ; c f