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Home My WebLink About0540 3. To p~+ca and continuously ke~p a+ tf+~ buildinps ~ww w h~+~+ftw ~itvat~ on wk1 land and on all puipment ~+d pKSOna11y cov~nd b~r this awrt~ a~. with ~11 prsmivms ~he~ea+ p+id '?n f~14 fin insuunc~ in tM uswl s~andard policy fam, in • wm ~pprowd by tM NWRTGAGEE. ~nd wind~torm tnwr~na~ in tM uswl uandud policY fart~, in • wm ~pprov~d by tM MORTG/1GEE. (n wch oompanY or ca^Wn~p +s ths MORTGAGfE n+ay dinctt ~nd all fir~ u~d windstonn irawar+o~ polici~s on ~ny of s+id bviidiny~„ any InMra~ tMr~in o? p~.t Ih~rwf, in tl» a~re9at~ wm afo«said a in ~xnas therwf, aMll contain ~Fw uswl standud mortpa~e cla~s~ or such otha claus~ ~s tM Mat9a~ may rpuin. m+ku+p tM loss wda sa~d pd4 ties, tath atx! ~vety. psY~bb lo said INORTGAGEE at iq inte~stt m~y ~ppN~. and e~cl+ +nd ~wry ~uch Policy ~II b~ promptly u~:yned u+d d~livKed lo ~ny MW by s+id MORTGAGEE u further security to said matp+ye d~bt. +^d. ^a kss th+^ ~ d+YS in ~dvance of tM ~xpL-+tion of esch policy, to dr liva ro wid MORTGAGEE a ~enevwl theteof, toy~tha with a receipt fa tM pranium of wch renewal: and th~r~ sh~ll be no f'ue w wir?d~tam inwwncr - plspd on ~ny of said buildirg~, Lny iMer~st tMr~in o~ put ~he~eof, unku in tM f«m ~nd with ths bss payabk u ~for~saidj u~d in tFN ewM ~ny~swn of rtaray becan~s p~y~bl~ w,d~ w~h policy o? policios s+id MORTGACaEE sh~ll haw tM option :a receive and apply tFw s~rn~ on accou~t of tM ind~bted- ness secvred hereby a 1o petmit said MORTGAGORS ro no~iw and us~ it a ~Mr part the+aof fw othe~ purposes, without thareb~ waivinp w impai~- inp any pvity, li~a ot ripht unde~ or by virtw of this mortQsy~j u?d in tM tvent aid MORTGAGORS ihsll fw ~ny nawn fail to keep ~he said p~mises so insvrod, or f~il b deliver promptly any of said policies of inwrana to ssid MORTGAGEE, or fail promptly ro p~y futly sny premivm therefp a in any reipect fail b p~rfwm, discharps, ~xecut~. ~ff~ct. compl~t~. comptY with and +bid~ by this crwnant, w any part hareof, said MORTGAGEE m+y plaa and paY for wch irourance or ~ny part tlwreof without walvirg or affactinp ~ery? optioe~, li~n, equity. ot right u~ w by vi?tw of this Morty+~e. ~nd tM fi,U amo~nt of sach and ~very such paymeat sh+ll be immedi+tdy dv~ +od Wy+ble +od sh+tl beu interest from ths d~t~ thereof vntil paid a~ tl» ~at~ ol nine psr tentum pu ~nrwm and tope~her with suth interest shall b~ secure~ by ths li~n of this mwtp+pe. 4. To pamit, aom~~it or wffa no wut~, Impairment w det~riwatan of uid propt+ty or a?y pa~t thereof. S. To pay all and sinpulu tl» co~», charpes ~nd ~xP~mes, includ~np s r~ssa»bl~ ~tton+w's fa~ usd oosts of absnacts of titk, ie+cwred o~ p~id at any tune by s+id MORTGAGEE, bsuvs~ or in ths ewnt of fhs f~ilw~ on the ps?t of tlr s+id MOR1vAGOR b du1y. promptty ~nd fvlly perform, dychar~ execut~, eftaN. comptet~. aomply with and abide by ~ach a~d ~very the itipulations, ap~eanenb, cooditions, s~d covenants of said pomiuory nots and tha mort~a~~ any o~ alhe~. and said cosn. ch+r~a ~nd expenaes, ~ach ud wery, ihall be imrnediately dw and payabte: whe~her o? not ther~ be notiu da msnd, sttemp~ ro coliecl w wit pend~ng; and tM full ainouot of each ~nd werY s~ch p~yment sh+ll beu intereat han t1.e dats tMreof unNl p~id ~t the rare of nine pe~ centum per +rrwm; and all aaid costs, chuges and expens~s inwrred w paid, topsthsr with such int~~at, sMll b~ iccured bp tl+~ lien of tha ^+orp+Da 6. Th~t (a) in ths evtnt of any breach of this Mort9+~ or defauh o~ the part of the MORTGAGOR, w(b) io tl~e event a~y of s+id sum~ of mo+Ky herein nf~r~ed to be not promptly and f~lly paid within thirry (30) days ~?ext ~fte+ the sam~ severalty `xome d~e a~d p+yable. withovt d~m+nd a notice, or (n the event esch s~+d every the stipviations, ~greements, conditans arxl covenan» of said promissory note and th~s mortpa~ u?y a ~itAtr are no1 iuly. promptly aRd fully perfonned. discl~srged. execvted, ~ffected, completed, complied with ae~d abided by, thso in either w any wch ~vent tM s+id aQ greqate wm mentaned in said promissory note thee? remaininp v~paid. with interest ~cuued. ~++d rll montys secured htreby, sh+ll becoms dw and p~y~ able fwthwith, a thereaher, at the option of said MORTGAGEE, u fully a~d completely as if all of the said wms of money were wginally stipul+ted to bs paid on s~ch day, anythirg in sa~d promiuory ~ote or in tha Mw~ga9e ro the conuary notwithstsndiny; and thereupon or thereaha +t tM option of said MORTGAGEE, without not~ce a demand, wit at law or in equity, therefore w thereaftm t-~un m~y be prosecuted as if ~II moneys secvred hereby had mawrod prior to imtitution. 7. That in tl+e event that at the beginninq of or st ~ny time pcnding any wit upon this Mortgage, or to faeclose it, w to nform N, a to enfora payment of any daims hereunder, said MORTGAGEE sMll apply to the Court having jurisdittan Iheraof fw the appointrt~Mt of a Rsceivet, svch Cou?1 shall Fo~thwith sppoint s receiver of said mort9aged p?opertY all and sirgvlar, irsclud~ng all and singulsr the income. profifs. issues and rovenues from whatever source derived, each snd every of which, i~ being expressly ue~dentood, is hereby mo~~gaged a~ ;f spec~iicalty set fath and described 'u? the p~antinp and habendvm ctauses F~creof, snd s~cl+ Receiver shatl Fwve +11 the broad and effective funct~ons and powers in anywise entrwted by a Coun to a Receiver, ~nd such appointment shall be made by such Coun as an admitted equity and a matte~ of absolute right to said MORTGAGEE, and without refarente ro ths adequscy o~ in+dequaq of the valw of the property mortgsped or to the sohrency or insolvency of said MORTGAGOR a the defe~danri, and that such renrs, profin, income, issues and revenues shsll be applied by such Receiver accwding to th~ lie~ or equity of said MORTGAGEE and the practice of such Cwrf. 8. To duly, promptly and fully parform, distharge, execute, effect, cortpletc, tamply with snd ~bide by each ud ewry ths stipulatio~a, ~yreemenn, conditio~s and covenants in said promissory note and this mortgage xt fwth. 9. That in the event the ownership of the mortgayed premises. w any pan thereof, becanes vested in a perso~ otl~e? Msan the MORTGAGOR, ths MORTGAGEE, in succeuws and sssigns, may, without norice to the MORTGAOR, deal with such successor or svccessor in intercst with refererKe to this mortpsge ~nd the debt hereby secvred in the same manner as with Mwtgagw without in any way vitiating o~ d~scharg~ny the Mw~yagon' liability htrr under or upon the debt hereby secured. No sale of the premises hereby mortgaged and no forbearance on Ihe pah of the MORiGAGEE or iri s~coesson or auigns and no extension of the time fw the payment of the debt hereby secured given by the MORTGAGE~ or its successas w+ssigns, sh~ll op~rat~ to release, diacharpe, modify chsnge or affecf the wiginal liability of the MORTGAGOR herein, either in whole or io part. 10. It a specifically agreed that time is of the euence of this contract a~d thst no wsiver of amr obtigation hereunder w of the oblip+tion sr cured hereby sF~all +t ~ny time thereafter be held to be s waiver of the terms hereof or of the irutrwnent sec~red herby. 11, In add~tion to the fwego:ng monthly paymenri of princ:pel and iMerest required by the prom~ssory note secured hereby, mortgagw covenanb and agrees to pay to mortgagce with each monthty payment an addirional sum estimated by mortgagee to be eqval to 1/12 of the ann~al cost of the folbw- ing: A-AII real property ta:es kvied w asussed agaiost the above desuibed resl estate. B-Premiums on fire and windstwm insurance as herein requ~red to be carried o~ tne improvements situate on the above desuibed premises. C-Premiums on such mortgage guaranty insurar~ce as mo?tgsgee shall ~rom t~me to time deem fit to carry on the loan secured hereby. Nbrtgagee shatl from time to time notify mo~tgagor in writing of the amount due and payable hereunde~ ~nd such su.n shall thereupon be due and payable on the dve date of the next monthly paymeM and esch successive month thereafter wtil mortgagee shal! notify mortgagw of a charge in wch amount. SucF~ sums shall be applied by mortgagee toward the paymeM of real p?operty taxes, inaurante prem:ums, snd morfga9e guaranty insurance premi~ms. i IN WITNE55 WHEREOF, the said MORTGAGOR has hereunto set his hand and seal ihe day ~nd ye+r fint sfaesaid. ~ "`d, 5"~~ "d a~~• d'"'ti` a~~:EO AND RECOROED- ; O?~~ ~-~'s7. LUCIE COUNTY. FIA: ~~j~~ ~ ~ RFCORD VERIFIED ~ ~ 5 . 1"794'74 ~,n ~ STATE OF FLORIDA ~U~ I O• S 0 1 ~~~I/i(/ couNn oF S t. L uc ie ~ deforo me personally appeared ITRAS ~nd ~RC 1 COURT~ his wife, to me well known and known to me to b~ ~ the individwb dewibed in and who exea?tad ths fors9oNg instnxnent, and acknowledped b~fore me that they executed the ssme for the purposes r??e?ein .xpressed. a+a rh. saia Annie L. Lawrence ~ .vife ot ~h. ~,~a Grady Lawrence , ~,d ~•r• ~ e:amination by me take~ sepsnt~ and spart from her uid h~sband, sduwwledped to and befo~e me that she executed said irotr~ment freely and volur~ rarily and withaA u?y tomp~lsan, constraint, appr~hension1pt fes of a from her s+id hwb+nd. ~ WITNESS my h~nd and of~icial sesl thi~ ~/'yI+ day of Un A. D. 19_.~_ ~ ~ Not~ry ic in and for tM Stah of Fbrida ~t lar~ ~ M„ 6 ~p 7/-- ~ Retvm Ta _ . P~~ k p~pfdi i~ L~q~ ~ Finr Federsl Ssvinps a losn /?ssoeiation e~~ t s t . ~~~~j~p `E~K ~q4, 6. 1911 Of Fwt Pie: ce. ~ M/!1 bt a~1fr~ ~ i f~~[ ~ Fwt Pierte, flwida - ~ . ~ ' j~y _ , . _ ~ This Instrument Prepared By _ r. ~ . ) - • I ~ First Federol Savings b loan Association .Q ;.-,'j~ = ~ of Fo~t Pierce : , ,.~f~'. _ ~ ~ Chetked By J Co l~ nc - ~j . f BOOK ~ / ~ f~ICE ~I~ ~ ~ . ~ - ~ ` ~ ~ . _ Y c f ~ ~ ~_,,,~~~W~~°,~._,~.~ -