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Home My WebLink About2796 , . , To plac~ s~d contirnwuiy kNp oe tM bvitdinys rww or ha~+frN ~itu~t~ on aid I~nd and on alt pvipm~nt and p~rson+tly cova~d by thiimort~ p~, with dl premiums tM~aon paid in full, fir~ Insu~ana in ~h~ usual tanda~d policy form, i~ •~um ~ppror~d by the MORTGAGEE, ~nd winditam inw~+nc~ in ths uiwl ~tandard polrcy fam, in ~ ium ~pproved by the MORTGAGEE, tn wch company or companies ~s ~M MORTGAGEE may dirett; u~d ait fire a~d wi~dstorm ir?sur~nts politi~s on any of said buildi~ps, any int~rest therein or pa?t thereof, In ths ~rey:te ium afores~id or in ~xces~ thereof, tMll ca?tain the uswt standard mortgig~e clauss w suth othar ds~ts ~s IM Mortgag~e may requirs, makinp the loss unda said poli~ cies, each and every, payable to aid MORTGAGEE as its Interest may ~ppear, a~d each ~nd avery s~ch policy shall be p~omptty +u:~ned and d~livered to +~y heW by s~id MORiGAGEE as further teturity to said mortyage debt, ~nd, not leu than ten (10) days in advance of the expir~tion of e+ch policy, to da liva to said MORTGAGEE a ~enewal thereof, toyetM? with a receipt fot tM premium of such ~enewal; a~d there shall be no firs or windstorm insuranc~ plsced on ~ny of said buildings, ~ny intereit therein w part thereof, vnleu In the fo~m and with the loss payabk as aiwesaid; and Tn tM ~vent a~y sum of nqney becanes payable u~da such polky or policiei said MORTGAGEE ~hall have ths opt~on to receive and apply the ~sme on accouM of the indebted~ neu aetured hereby w to permif said MORTGAGORS to receive and use it or any part thereof for other Furposei, without thsreb/ waivi~x~ or ~mpaia irg any equity, lien or right under or by virtue of this mottyaye; and in ths event said MORTGAGORS shaU for sny reason fail to k~ep the s+id p~emius sp insured, w faU to deliver promptly any of said policies of insurance to said MORTGAGEE, w fail promptly to pay (ully any premiv~n therefpr w In any respect fail fo pt~form, dischar~e, execute, sffect, complete, comply with ~nd abide by this covenant, or any part hereof, said MORTGAGEE may plac~ and pay fw wch inturance ot any part theroof without waivinp o? sffecting any option, Ikn, equity, w right under w by virtw of th:s : brt9aqe, and tht full amount of eath aod ~very suth payment shall be immediately due and payable and shall bear interesl from the dale thereof ~ntil paid at ths rata ol nine per centum per annum and togethe~ with tuch interest shall be secured by the lien of this mortqsge. 4. To psrmib commit or suffer no wasro, impairment or deter'wration of said property or any parl thereof. S. To pay all and sinpulsr the cosn, ch~rges snd expenses, Including a reaso~able attwney's fee snd costs of abitracts of titls, incurred w paid at any time by said MORTGAGfE, because a in the event of ths failure on Ihe psrt of Ihe said MORTGAGOR to dvly, promptly and f~lly perfwm, d'escharg~, execute, eifect, complete, comply with and abtde by each and every the stiputations, agreements, tonditiau, and covenants of said promissory ~ote and tha mortgape any or either, and said costs, cMrpes and exper?ses, each and every, shall be immediately due and payable; whether a not there be notice de~ mand, attempt to collect w suit pending; and the full amount of tach and wery such payment :hall bear interest from 1Me date thereof vntil paid af the rate oi nine per centum per amium; and all said costs, charges and e:pe~ses incu~red or paid, togetF?er with tuch interest, shall be srwred by the lien of thu mortyaye. b, ihst (a) in the event of any breach of this Matgsge or default on the part o( the MORTGAGOR, or (b) in the event sny of sa~d ivms of money herein referred ro be not promptly and fulty paid wi~hin thirty (30) days next aiter the sar»e seve~ally become due and payable, without demand or notice, or (c) in the event each and every the stipulations, agreemerot, conditans and covenann of said promiuory note and th~s mortgsge any w either are not iuly. Promptly and fully perfwmed, dfuharged, executed, eifected, completed, complied with and abided by, thcn in either w any i~ch eveM the said ag gregate sum mtmaned in said promissory note the~ remaining ~npaid, with interest scuued, and all moneys setured hereby, shall becort~e due and pay- able forthwith, or thereafter, st the option of said MORTGAGEE, as fully and completety as if all of the said sums of mo~ey were orginally tlipulated to be paid on such day, anything in said promissory rate or in this Mortgage to the contrary notwithstarxling; and thereupon a thereafter :t the op~ion of ~aid MORTGAGEE, without notice or demand, suit at law or in equity, therefore w thereafter begun, may be prosecuted u if all moneys secured heteby had mat~red pnot fo its institution. 7. That i~ the event that at ihe beginning of w at any time pending any suit upon this Mortgsge, or to faeclose tt, or to refwm it, or to enforce payment of any claims Froreunder, said MORTGAGEE shall apply to the Court having jurisdiction thereof for the appointment of a Receiver, such Court shall forthwith appoint a receiver of said rn,xtgaged property a!I and singular, irxludmg atl and singular the income, profits, issues and revenuea from whatever ' wurce derived, each and evcry of whKh, it being expressly understood, is hereby mwtgaged as if specifically set fwth and described in the gran~ing and ~ habe~dum clauses hereof, and such Receiver shall Mve all the broad and efiective funct~ons and powen in anywise entrusted by a Court to a Receiver, and such appointment shall be made by such Cowt as an admitted eqvity and a matter of absolute right to said MORTGAGEE, and withouf ~eference to the = adequacy or inadeqvaq of the value of the Rrope~ty mortgaged or to thc soNency o~ inwlvency of said MORiGAGOR or the defendants, and that svch renes, profits, income, iuues and revenues shall be applied by such Receiva accord~ng to the lien or equity of said JNORTGAGEE and the practice of s~ch CouR. 8. To duly, promptly and fully perform, discharge, execute, effect, complete, comply with and abide by each and every the stip~lations, agreemenb, conditam aod covenants in uid promiuory note and this mwtgage cet fwth. 9. That in the event tF~e ownership of the mortgaged premises, or any part the~eof, becomes vested in a person other thsn the 11110RTGAGOR, the MORTGAGfE, iri successws snd auigns, may, without notice to the MORTGAOR, deal with such succeuor o? :uccessw in interest with reterente to this mortgsge and the debt hereby setured in the same manner as with Mortgagw without in any way vitiating w dixharging the Mwtgagors' liability herr under w upon the debt hereby setured. No sale of the premises hereby mortgaged and no forbearance on the paA of the MORTGAGEE or its suttessors o~ assigns and no extension of the time for the paymeM of the debt hereby secured given by the MORiGAGEf or its svccessots or auigns, shall operate ro release, discharge, modify thange or affett the orgioal liability of tht JNORTGAGOR herein, either in whok w in part. 10_ It is specifically agreed that tune is of the essence of ffiis contract a~d that no waive? of sny obligation hereunder w of fhe obliyation sn- cured hereby shall at any time thereafta be held ro be a waiver of the terms hereof a of the instrumem secured herby. 11. In add"nion to the fwego:rg monthly payments of princ'pal and interest reqvired by the promissory note secured hereby, mwtgagor covenants ~ and agrees to pay to mortgagee with each monthly payment an addirional sum est~mated by mortgagee fo be eqval !0 1/12 of the annual cost of fhe follow- ing: . A-All real property taxes kvied or assessed against the above described real estate. B-Premiums on fire and windstorm insurance as herein requ~red lo be carried on the improvements situate o~ the sbove described premises. C-Premiums on such mortgage guaranty insurance as mortgagee shall from time to time deem fit to ca~ry on the loan secured hereby. j Mortgagee shaU from time to time notify mortgagor in writing of the amount due and payable hereunder and such sum shall thereupon be due and payable on the due date of the ~ext monthly payment and each successive month thereafter urtil mortgagee shall notify mortgagw of a change in such ~ amount. Such sums shafl be applied by mortgagee toward the payment of real property taxes, insurance prem:ums, and mortgage guaranfy insurance F premiums. • I IN WITNE55 WHEREOF, the said MORTGAGOR has hereunto xt his hand and seal the day and year first afwesaid. f Siynsd. Sealed and delivered in the preunce of: •n ~ ,q ! se.n # ~+4 i STA1E OF FLORIDA 1 courm oF st. Lucie i~ eefore me persooally sppesred Rav,ond Kane Mabel Ka?ne his wife, to me well known and known to me to be the individwlt described in and who executed tiie fore9oiny instrument, and acknowledged before me that they executed tF~e same fw the p~rrposes therein expressed. And the sa~~ Mab61 KdII@ w~fe of the said Rayaond Kane upon e separste u~d p~ivat~ ; examinaYron by me taken separate and apart from her said husband, atkrawledged to and befwe me that she exccuted said instrumeM freely ~nd volur?~ rarily and withouf any compulsion, constraint, sppreFKruion,~~ fear of or from Fror said husband. WITNESS my hsnd and official uat this ~~g= day of December .'~•/?~~.D: 19, ~ ~ ~ . .7 A.~~-f'./1tJ ' . . ,~.ali , tary PuWic in a~d (or ihe Stata of• Florida-at Lar~ My Commission txpires: ~2 - L] i a~t~.~ ra RECORDED . . , - ' First Feder~l Savings 3 losn /4wciatan FILEO AN~ TY. FLA• aUTAYY PUBUC, nAiE OF FLORIO~ ~T :(~R~ '1~ . ' or Fo.~ P~erce. e~T. LUCIE ~OUN ~Fp MY COMMISSIOtV EXPIRFS p[{ ~ r, 1~R1r' ~oNaeo iNR ~ . '3sa971 • Fort Pierce. Florida Fi~.C~~`~~~(1(]~. /REO w. o~r~r~~MO+a: ' 1 1.i•~ ~ 9 ^ ~ ` . ~ ~ DEC 20 I~ 10 • • . - This Instrument Prepared ~ /y~` G~ First Federal Savings b loan Association • of Fort Pierce R~ a p~TR:•S ~~ERK C1RCU~T ~OUR? Checked By J. Collins i 4 i~R 1~~ i~IGE~~ ` . ` ~f _ , ,