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Home My WebLink About1024 . - 1 ..i i.' i = V ~ ~ ~ . t To plac~ and continuo~rsly kNp on tM bvildlnps now p AtrNftN NiWq WI y~W I~I ~nd p11 ~II OqVipMf?t Md pKfOn~lly COVt~~I'I by INi IlfOft¢ ~ p~. wi~h ~N praniums tl+~rw~ paid i~ full, fir~ insurarx~ in rhe viwi iundard policy torm, in ~ sum approwd by tM MORTGAGEE. a++d windstwm ~ i~wru+oe in tM u:wl sa~dud policy fan~, in • wm ~pprov~d by ~he MORiGAGEE, in such company w companip ~s the MORTGAGEE may ` dinctt a~d ~II fih ~nd windawrm i~suranc~ policiss on any of said b~ildinpt, ~ny inttrpt thatin or put thereo(. i~ th~ y~re~at~ wm afor~said or In ~xcea tMrwf, shall oonqin tFK uswt star,dud morrga~ clava u wch aiw~ clauH at the MortppN may rpvu~. makinp ths toss undN wid poli~ ci~s, tach and ~vKy. p~Yabl~ b ssid MORTGAGEE ~s its i~terKt may ~pp~at, and tach and ~wry tuc1~ pclity sMll b~ promptty au:9n~d and d~livs~ed ~o ~ny MW by said MORiGAGEE u funhN sec~rity to said mort~a~e rkbt, ~~d, r.ot leu 1Mn ~en (10) days M sdvanca of tM explration of each policy, fo d~ liwr b uid MORTGAGEE i?aaw~l thereof, 1oy~etMr with a receipt for the pr~mivm of sucF~ ~enewal; snd lhtn shall bt no fir~ w windstorm fnwr~nt~ plaud on ~ny of said buiWirgs, ~Mr inte~est fhKein ot put IF?ereof, uoless io tM fom+ and with tl+~ loss payable a afo~esaidj anel in th~ ~wnt any sum ~ of mo~ty becoma payable w+de~ sud~ poticy or policiss sa7d MORIGAGEE s}~all haw tM optan to receive and apply the sarn~ on account of tM indebted ness ~etvr~d hK~by ot b permif s~id 1V~ORTGAGORS to ?euiw and us~ it p any psrl tMreof for other purpous, without thsreb/ waiving w ~mpair• inp any p~ity, li~n a~ right under or by virtue of this mortyape; ~nd in tM ~vent sa~d MORTGAGORS shall fa any reason fai! M keep the ~aid prem;ses w in~vred a f~i) b deliver prony>tly u?y of said policies of inswantt ro said MORTGAGEE, w fail promptly to psy fully any premium therefor p in any reipect fail to pMfore~, discFwge, execute, efinct, compte~e, comply wi~h and ~bide by this covenant, or any put haeof, ssid MORiGAGEE may pisce and pay fa wch inwrar~ a any put thereof witAout waivirp or aff~ctinp any option, lien, equity, or right under o? by virtu~ of this Mortgape, ~nd tM full aenoum of each and ewry such payment shsll be immedi~tely dve and p~y~bk aod ahall bea? inte~eit from ths d+t~ thereof ur?til paid st ths rat~ of n~ne pK cx?tum pK annum and toyeiher wifh such i~terest shall be secured by tM tien oi thts mortqsye. I. To pKmit, aommit or suffer no waste, impai~rt+ent or deteriwation of said propaty p a~y part thereof. S. To p~y ~11 and siegulx the costs, charpes and exp~nses, including ~ rsasonabla atto~ney's fes a~d costs of abitracb of title, incurred o~ paid at e~y tims by said MpRiGAGEE, b~cause or it? the event of the failure on ths part of the said MORTGAGOR to duly, promptly and fully perform, discharg4 execvte, ~ffact, comp{~te, comply with a~d ~bide by each and every the stipulatio~s, agreemenrs, cond;tions, and covenants of sa;d promissory note and ~his ~ mortpape ~ny w ei~he~. and sa~d cwta, cMrges and eapenses. esch ~nd every, sh+ll be immediately d~e and payable: whether or not there ba notice da = mand, attempt to colled ot wit perxling;`~u+d 1he full artaunt of each and every such paymem shall bca. interest from the date tAs~eof until paid ~t fl+~ ~ rate of ninf per centum per anrwm; :nd all said cosls, cF?arges and expenses intwred w paid, together with suth i~terest, shal) be secured by 1Fw lien of thia } 'nottpaqe• 6. Thst (a) in the event of sny bresch of this Mortgage w default on the part of the MORTGAGOR, o? (b) ;n the event ~ny of said sums of money herein referred to be not promptty a~d fully paid within thirty (30) days nexl afrer the same uverally become due and p~yabte, without dem~nd w notice, or in ths eveM each and every the stipvlatian, agreements, conditions snd covenants of sa~d p~omisw~y note and th~s mwtyape at?y w either are nol iuly, promptly and fully performed, d~scharged, execvted, effected, completed, complied with and abided Sy, then in aither or any ~uch event tlie said a~ greqat~ wm mer~tioned In said prom~uory rqte then ~emaining unpaid. with interest accrued, and all mor.eys sec~red t:ereby, sh~ll betome dw end pay. able forthwith, or theresfter, ~t the option of said MORTGAGEE, u fully and completely ss if atl of the said wms of money were aiginatiy stipulated to be paid on such day, anyrhir+g in said promissory note a In fhn Mo?tgage fo ths conrrary notwithstsnding;. and lhereupon or thereafte? at the option of said MORTGAGEE. without ~otice o~ demand, wit at law or in equity, therefore or thareafter b.-~gun, may be prosecvted as if al) moneys secvred hereby had maturad prio? to ib institution. 7. That io the avent tMt at the beginning of or at any time pe~ding any ivit upon this Mortgage, w to foreclose It, w ta reform ib or to enfora payment of aey claims hereuode?, ssid lNpRTGAGEE shall apply to the Court h~ving jurisd~dion thereol fa the appointnxnt of a Receiver, s~ch Court shsll forthwith ~ppoint a reteiver oF uid mort9aged prop~rtY all and singular, includ~ng all and sirgular the income. Pro(iri, issues and revenues from whatever sowte ds~ived, each and svrry of which, it bein~ expressly understood, ia hereby mortgaged as if specitically set fwth and described in the pr~ntiny and habendum dauses hereof, ~nd such Receiver shall have all the broad and effective funtt~ons and powcn in a~ywise entrvsted by a Court to a Receiver, and such sppoinfrr.ent shatl be made by such Court as an ad:nitted eqvity and a maltd of absolute right to said NIORTGAGEE, and without reference b the adeq~~cy or inxlequ~cy of the val~e of the property rtwrtgaged p to the solvency or i~solve~cy of said MORTGAGOQ w fhe defendants, snd that such renn, profits, income. :uues snd revenues shatl be applied by such Receiver accwd~n9 to the lien or equity of wid AAORiGAGEf and the pracrice of such Courf. 6. To duly, promptly ~nd fully perform, discharge, execute, effcct, complete, comply with and abids by e~ch and every the stipulatiorq, agrtements, conditaro and covenants in said promissory note and this mortgage set forlh. 9. That in the eve~t the owncrsfiip of the mortgaged premises, or any part thereof, becomes vested in a person other than the 1NORTGAGOR, tha MORTGAGEE, iri wccesson and auig~s, msy, without notice to the MORTGAOR, deal wilh such succeuw p successor i~ interest with refere~ce to this mwtyaye snd the debt hereby secwed in the same manntr as with Mortgagor without in any way vitiating o~ dixharging tF?e Mwt9agors• liability ikra under or ~pon tha debt hereby secvred. No sale of the prem;ses hereby mwrgaged snd no forbearance on the part of the MORTGAGEE or its successon or augro and no exte~sion o4 the time fw the payment of the deb~ hereby secured given by tF?e NWRTGAGEE or its s~ccessors or assipns, sh~ll ope~ate ' ro release, distharye, modify thsnge w affect Kx original tiab~tiry of the MORiGAGOR herein, tithet in whols or in parL i 10. It is specificatty, agreed that ti~ne is of the essence of this contract and that no waiver of eny obliyat~on hr?eunder or of the obliyation sc cured hereby shall at any time thereafter be held ro be a waiver of the terms hereof a of the instrument secured herby. 11. In add~tion to the forego:ng monlhly paymenls of princ'pal and interest required by the promissory note secured hereby, mortgagor cpvenantf and agrees to psy to mortgagee with each monthly payment an addirional sum estimated by mortgagee to bc eqwl to 1/12 of the anoual tost of the fo!!ow- ing: A-All resl property taxes levied w axessed agsinst the above described real estate. B-Premiums on fire and windstorm ~nsurance az herein requ~red to be carried on the improveme~ts sitvate on the above described premises. C-Premiums oh such mortgage guaranty insurance as mortgagee shatl from t~me to time deem fit to tarry on tMe ban secured hereby. Mortgagee sha!! frorn terne to rime rwtify morfgagor in writing of tlx amount due and payable hereunder and suth sum shall thereupon be due a~d = payable on the due date of the next monthly payment and each successive month thereafter ~r.til mort sha11 r.otif mort a w of a cha ~ gM~~ Y 9 9 nge in such amount. $uth zums shall be applied by mwtgsgee toward the payment of real property taxes, insv~arxe prem:urru, wnd mortqage gwranty insursnce premiums. IN WITNESS WHEREOF, the said N{ORTGAGOR hss hereunto set his F?and and sea) the day and yesr fint afwesaid. Sig Se~led and del' ed the presence of: 0 •n ' STATE OF FLORIDA ~ ST . LUC IE courm oF Sefore me p~isonally appearsd H8lOId F BeBId Barbasa B6aYd his wife, to me wetl known and known ro me to be rhe Fndiridwb desa;bed in and who excwted ths for°~°~!~ u?strument, ant! ackrwwv{ed~ed before me that they eaecuted the sams fw the p~rpo:es r?M.ek~ .~cp,,,.ed. And th. sa;d- 6~~ara Beard W;i. o~ fn. Nra Harold F. Beard upon ~ aepa.ste ~nd priv~ts ~ examinatio~ by rne tsken separate and apart. from her iaid husband, adcrwwledged to and befwe me that she e:ecuted said instrum~nt freely ~~d volurr tarily and witMovt a~y compulsiar, constraint, app~ehena~on, or fex of or from her said hvs nd. WITNFSS my hand ind official seal th' d~ of Une 69 Y l1. 0. 19 Notary PuWic in and for tht State of Fbrida ~t Lu~ My Comrnisian expir~s: Retwn Ta • . ~~t Of ~O~Idi 1t ~i~Q! Fi.st feder•1 SsvinDs 3 lo+n As•oc~a~an r 1 Co~ist+M Expies kM- 23 1969 Of Fort P~erce. ; ' /t L ~ - : . _ Fwt Pierce. Florida : M~IM M Ii~Mu~ iiw ~ C~w~M? C~. . ~~~EO aNn - ~ " ' ' " RECORDED - • - ST, lUC1E COUNTY ° ' " _ - . FLA. ~ . ~ ; ; , H-rOF?(? ~'rRIFIED This Inst~ument Prepared By John ~1. Ccill ~ns: • v •i ~ first Federot Savings b loan Association ~ ~ •L 1~ of Fort Pierce ~ Flor ida ' _ ~sg ~~F~ 2 3 ~ ~Q : 3~ Checked By L~ ' ~ RO~i:? ~'OiTP.AS CLERK C~RCUtT COURT 800K 1 10 P.4CE1~~ , - - ~ ' f ~ - - - - - ~ ..~~r. ~ . . _