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Home My WebLink About0902 . i • ' To p!~ snd conrinuanly ktep on the bu;ldinys now w I,~re~ftu utua~~ on said I~nd u?d on all equipmem and penonally covaed by this n+at~ sg~, wiih ~II p«miumt theraw~ paid io fvll. fu~ iasur~nc~ in tM viual ttandard poEKy fam. in s wm ~pproved by the MORTGAGEE, a~d windstorm inswaec~ in 1l+e uswl ~~u?dard pol~ty fam, in a ium approv~d by the MORTGAGff, Fn such company w cwnpanies u tM MORTGAGEE m~y d'uec?j and ~q ~Ir~ ~nd winditorm insuranc~ policies on any of q+d build~++ps, ~~y inMresl ths~ti~ w p~?t thereof, in the a94reya~e sum ~fa~sa~d w in ~xtess thereof. shall contain 1M uswl st~ndud mortya9e~ clavs~ o? such othx clauu ~s tM Mwqsge~ may requ'u~, m~Minp tAe tou under wid po1F ci~s. each ~nd every, paYabk ro~id MORTGAGfE ~a ib intaest maY ~ppea?. ~nd e~ch and every such policy ihall be promptly ~u.gncd a~d deliv~red to +ny Mld by said MORTGAGEE as furtlw~ sec~rity to said mwtya~ debt. and, not leu than ten (10) days in ~dva?xe of the expiration of each policy, to da liwr to s~id MORTGAGEE • rtnewal thereof, topether with a receipt For the premiwn of such renewal; and thero shal! be no fire or windatwm insurance Al+ad on ~ny of said buiWings, any interesl therein or p+r1 the~eof, vnleu in tM fam and with the loss payabk as afweuid; ~nd in the event any sum of nwe~~y becemey payable ~nder ~uch polity p polities s~id MpRTGAGEE ~hall h~w Ihe optio~ to receive and appty the same on account of the indebted ` neu secu~ed Mreby or w permit aaid MpRTGAGORS to mav~ and us~ it or sny part ~hereof fa other purposes, wilhout ~h:~eb~ waiv~~x~ or ~mpair- in~ any pvity, lien or r'ghl w+dar or by vktw of this mortpaye; and i~ 1M ~vent taid MORTGAGORS shall fa any rcwson fail to keeo the s~~d premiu~ so inswed, or hlt 1o deliver promplly any of said policies of ins~ruKS ~o uid MORTGAGEf, or fai! promptly ?o pay fully any premium therefor w in any ?espect fail fo Fwtor~, d~xhu9e, execvt~, effea, complete, compty with and sb+de by th~i covenant, w any par~ hereof, taid MCRiGAGEE may plsce snd paY fa s~ch inw~anc~ or ~ny part thertof without w~ivinp w sffectin~ any option. lien. eq~~ty. or right under a by virtus of this Matga9e. and the tull amovnf of each and twry such payme~l sMll be imrnedi~tely dw ~nd payable and sAall bcar Fnterest from the date thereo( uMil paid ~t the rate ol nine pe~ centum per annum and to~ether with such interrst shall be secured by ths lien of this mortgage. 1. To permit, commit w suffet no wuts, imp~irme~t w deter'aration of said propaty q any p~rt thereof. S. to pay ~II and sing~lu the cosh, chsrgp u~d expenses, includi~g s resson~bte atta~ey i fee snd cost~ of sbstracts of title, incurred w paid at a~Y ~~f by s+id MORTGAGFF, becauu or in the ewnt of the failure on the part of ~he said MORtGAGOR to duly, promptly snd fully perForm, d~scharge, execvt~. sifsd. complete. comply wi?h and ab~de by each and every the stipulations, agreemenri. conditions, a~d covenaros of said promi:sory ~ore and this mortyaye any a ci~ha, and said costs, cMrges and expenses. each and every. ahal! be Fmmediately due and payabte; whe~he~ a not there be notice de mand, ~trempt to colkct a suit pendirg; and ths futl amount of eath and every suth payment sfwll bear interest from the date thereof until p~id at the rate of ni~e per cenium per aru~um; and all said costs, charges and expenses incurred a paid, together w~th suth interest, shatf be secured by the lien of this . ~ 6. That (a) in the event of any brcach of this Mortgage o~ default on the part of the,/VIORTGAGOR, or (b) in the eveni any of sa~d sums of money herein referred to be not promptly and fully paid within thirty (30) dayi next afte? the same seve~a[ly become due a~d payable, without demand or notice, or (c) in the event each a~d every the slipulslions, agreemenb, cond;tions and covenanb ot said promiuory note a~d th~s mo~tgage any w ei~her are ool ~uly, promptly and fully perfwmed, diuharged, exctuted, effected, comple?ed, complied with and abided Sy, the~+ in eithe~ w any such event the uid ag gregaf~ wm mN+tioned in said promissory note then ~emsining unpaid, with interest accrued, and a!I moneys secured hereby, shall becane dua and pay- able fp~thwith, o~ thereafter, at the option of said MOQTGAGEE, ~s fully and completely as if all ot the said suma of money were wiginally sGpulated to be pa~d on such day, anytAing in sa:d promissary ~ote or in this Mortgagr to the contrary norwithstanding; and tF?ereupon or ~hereafter at the oprion of sa;d MORTGAGEf, wi?hout norice p demand, wit st law or in eqvity, therefwe or tlxreafter begun, may be prosecWed as if atl moneys setured hereby nad maru.ed prwr to in iru+itution. 7. That in tl+e eveot that at the begin y'ng of or st any time pcnding any suit upon this Nbrtysge, w to foreclose it, a to rcform it, or to enforc~ payment of any claims herevnder, said MpAlGAGfE shall apply to fhe Court having jurisd~dion thereof for the appo;~tment of s Receiver, wch Court shall ~ forthwith appoint a receiver of said mottgaged ptoperty all and singular, intlud~ng all and singulsr the income, p?olits, iasues and revenues from whatever source der;ved, each and every of which, i( being expreuty undersrood, is hereby morrgaged u if specifically set fath and dewibed ;n the granting and habendum clauses hereof; and such Receiver shall have all the broad and effettive funct~oru and powcrs in anywise entrusted by a Court to a Receiver, and such appodntment shall be made by wch Court as sn admitted equity and a mattrr of absolute right fo said MORTGAGEE, and without ~efererxe to the edeq~acy or inadequacy of the value of the paoperty mwtgaged or to tFK sowency or inwlvency oi said AAORTGAGOR d the defenda~n, and that such r~~. profin, income, iuves and revenues shall be applied by such Receiver according to the lien a equity of said MORTGAGEE end the practice of such 8. To duly, promptty and fully parform, ~scfwrge, execute, effect, complete, tomply wi~h snd abide by esch and every the stipulatwns, agreements, conditio~s and covenants i~ ss~d promisiory ~ote snd this mortgage set fwth. 9. TMt in the event the owne?ship of the mo~tgayed premises, or aoy part thereof, becomes vested in a penon other than the MORTGAGpR, the MORTGAGEE, its successo?s and auigro, may, without notice to the MORTGAOR, deal wirh :uch successa a successw i~ inte~est with ieference to this mortgsge and the debt fiereby secured in the same manner as with Mbrtgagor withovt i~ any way vitiating w dischargi~g the Mortgagors' liability hera ~nder or upon the debt hereby secured. No sale of the premius hcreby mortgaged and no forbearance on the part of the N10RiGAGEE w its sutcessors or assigna and no extens;on of the time for the paymenf of the debt hereby secu~ed given by the MORTGAGE~ w its successors or assigns, a,tiall operate to reiease, distharge, nwclify change w affett the o~iginal liability of the MORTGAGOR herein, either in whole or in psrt. 10. It Is specifically agreed rhat time is of the essence of this conrrad and thst no ws;ver of sny obligarion hercunder or of the obligatan sr cured hereby sMll at any time tl~e~eafter be held to be a waive? of fhe terms Acreof or of the instrurtxnl setured F~erby. ~ M add~r;a~ fo the iwego:ng mont6ly paymems of princ'pal a~d interest required by the prom~ssory ~ore secured hereby, ants and agrees to pay with each monthly payment an addirional sum estim~ted by mortgagee to be equal to 1 n~ual cost of the follow- ing: A-All real properry taxes kvied or assessed agaihst the a e I B-Premiums on fire and windstorm insurarce as herein requ~red t rned w~ the impr ' ~ate on the above desvibed premises. C-Premiums on such mongage guaranty insurar~c gagee shall from timc to time deem fif to carry on e•_{ secured hereby. i Mortgagee shail from time to ti ' mwtgagw in writir.g of tF+e amount due and payabte hereunder and such sum :ha be dve and ~ payable on fhe due dat next monthly psyment and each suctessive month thereafter ur~til mortgagee shall notify mortgagor of a change h amount. 5 s shall lx appfied by mortgagee toward the paymenf of real property taxes, irxurance prem:ums, and mwtgage guaranty insuranco ( s. ~ IN WITNE WHERE , the ssid MORTGAGOR has he?eunto xt his hand and seal tF~e day ~nd year irst afore , Signed, a liv the presence of: ' _ . • ~ / s0 ~ y~. .v l'~/~_(Seap ~SeaA SiATE OF F~ORIDA ~ courrnr of St. Lucie ~f«e 111ept~sa++~iy ,Ppe,~ Melvin T. Folbrecht Al1Tl Folbrecht his wife, to me well known and known to me to be the individuals dewibed i~ and who txecuted the fore9oiny instrwnent, and acErwwtedged Defore ma that they executed the same for fhe purposes ~~+~•~;n .xp~~„ed. A,nd th. sa:d Ann S. Rolbrecht wife of tM ssid Melvin T. Folbrecht upon a sepsrate and priv~t~ e,caminaYwn by me b4en xparafe and apart from her said husba~d, stlcnowledged to and befua me that she exetuted ss~d instrumeM freely and vol~n~ ~anly and w~thout ~ny compuliwn, constraint, sppre ~,j~x of or from her said husband. WITNESS my h~nd and official seal thi ~K~ ~ ' Y I,l.. A~ • i9.;~_ / ' ~ . ~c i A • . - ~ ry PuWic in and for the State of flllid~ Yt•LarQ~~ ' t a~~~.~r~: FILEO ANO RECO E Mr co~.,~~«,.~;.~,: Pint F.a...~ s.~~~y~ s to,~ I?u«~+t;on ST. IUCIE COUN . A. e r. - y' ' ~ ~I i<t77~iRY PL~Il~. „T~TE OF F10~~~DA ~T tpt • . Of Fo.r P~erce. R~.CORD VERI ~ tAY CGtltAla~lOfi EXPtHc~S f1uV. 1~ y~~ I ` l~w^ ~ .iOhUEO ~I:AOLC:M f11ED N. n~ca? ~ ~ fort Pierce, Fla~da .l<l~~ FlNO a~v~. ( ( _ ~9 ~ ~ ~ " ,r,`~ , '69 JAN I AEI 10 : S ~ = = " . Th~s Instrument Prepared By ~ First Federal Savings d~ loan AssociatiQ of Fort Pierce tj ~E ~'OITRAS CIERK CIRCUIT COURT Checked By . J.Chastain . _ a~Ks75 ~ g~ ~a ~f ~ _ ~ - s._~