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Home My WebLink About1169 , ~ ! ~1 f To plaa ~nd continuou~y kNp o~ tF+~ buUdieq~ oow a MrwftK ~itwh on said land and on a0 puipm~nt u+d p~rwoally cov~?ed by thia map~ ' ~y~, with ~11 pr~eniums thsrwn pa~d ln fulb fin Guur~nce ie tht uswl ~t~nd+rd ~policY form, in a ium ~pprowd by th~ MORTGAGEE, and winds~orm iniuru~ tn th~ u~wt standa.d policy fwm, in a ivm +pp~ov~d by fh~ MORTGAGEE, in ~~rch company w oompao;a u tM MORTGIIGEE m+y dinclj ~+d atl fir~ ~nd windttwm inswante policies oe~ any of uid buildinps, any i~t~r~~t therein or put thsraof, in t1» ~rcpat~ wm aio~~saW or In ~xc~ts thtrwf, ahall contain tM usual standa~d maty~ dau~ w svch other c1avH as t!k Mortpape~ n~y ~pvi~s, m+kinQ the lost undN said poli~ dn. Nth ~nd ~wry, paYabk ro s~id N10RTGAGEE as its intcr~st may sppear, ~nd each ar.~l ~very :uch poticy ih~ll bt promptly ass:yn~d and dtlivtred to any hNd by s+~d MORTGAGEE ss fwthe? secvrity to said mortya9e debt, ~nd, not leu 1F?~n te~~ (10) d~ys in advanc~ of tha txpiration of ~ach policy, ro da j I~vN ~o said INpRTGAGEE a renewal thertof, top~tMr witA a receip~ ior tFa premivm of such renewal; and there shsll bt ~o f'u~ w windslam inwranc~ p~+ad on any of said b~ildir?~s, ~ny interest ther~in or p~rt thereof, unleu in the fo~m and with tM loss p~yabl~ as afwesaid; u,d in d+~ ev~nt any awn # of mon~y becon~t p~yable w~dN wch policy or polici~s said MORTGAGEE shall haw th~ option ro receivs snd apply the iame on ~ttount of tM IixMbted~ neu s~cvred Fyreby or w pKmit said MORTGAGORS 1o rowiw u+d ust H o~ •ny pa~t thereof ior othcr pu~poses, wi~houf thereb~ waiving or ~mpiin iny any pvity, lien or right under or by viNw of ~his mortgape; +nd i~? the eve~t taid MORTGAGORS thal~ tw any reason fail ro keep ths aid premises so insvred, or fail b delivsr promptly any of said policies of insurante ro said MORTGAGEE, or fail promplly to pay fully any premi~m ther~for p in a~y rospsct fail b pNfw~n, d'nchuge, ezecuta, eff~ct, comptete. canpy wi~h and abide by ?his cove~aN, w any part hereof, said MORTGAGEE may plac~ ~nd ~ pay for such Inwranc~ or ~ny pan tFwreoi w~~hou~ walvinp w~fhctir~ any optia+, lierr, eqvity, w rlght under a by vinw of this 11Aonpap~, ar+d the full amount of e+ch and ~wry such p~yment ~hall be immediat~ly dut and pay~ble ~nd shall bea~ lnterest from ths dat~ thcreof ~ntil p~id N th~ ~at~ oi n~ne pK cee?tom per ~nnum ~nd together with such i~terest shall bs secu~ed by the li~n of Ihis mat9~ge. To p~rmit, ownn+it or suffer no waste, imp~irmem or deteriorati«? o/ said properiy or any p~rt thereoi. S. To p~y atl snd sinpulu tl+~ costs, charges and ezpenses, including a?csso~abk attwnay i fes snd cosb of abstracta of tiN~, incuned w paid at e~y tim~ by uid MORTGAGEE, becauss o~ in ths event of the failure on the part of the said MORTCaAGOR to duly, promptly ~r+d futly pertorm, dixMrgR executs, ~ffect, compkt~, comply with and abids by each and every the stipulatans. ~g?eemenri, conditions, and covenann of said p+omissory note and thii morty+ps any w ~irhe~, +nd said tosts, charges and expensei, each and every, ihall be immed~ately due ar+d pay~ble: whethe~ a not there be notice da ~ mand, attempt to tol{ect or wit pe+xling; and tM full amou~t of each and every such payment shall beer interesl from the date thereof uMil paid N the ~ rate of ~ine per ce~tum per arn~um; and all said costs, charges and expenses incv?~ed or p~id, together with such inte~est, ahall b~ setured by tM (ien of thp "'at~~pe• ~ d. That (a) in the event of any breach of this Mortgag~ w default on ~he pan of the lhORTGAGOR, or (b) in the event sny of ssSd sums of money herein referred to be rat promptly and fully paid within lhirty (30T days next aftor the same seveially become due snd payable, without demand w notice. or (c) in fhe event esch and every the stipulations, agreements, cond~tions and cover?ants of said promiuory note and th~a matyage any a eithe~ ~r~ nol iuly, promptly snd futly pcrfo?med, d~xharged, executed, effeded, completed, cornpl~ed wi~h and abided 'ay, then in e~~her w any such event tM wid a~ greyaro wm mMtioned in aaid p~omissay note then remaining unpaid, with interest accrued, and all moneys setured he~ebY. shsll becort~e dw and pay~ ~ able fwthwith, or thereafter, at the option of said MORTGAGEE, as fully and completely as if all of the said wms of money were oriyir?~Ily stipulated ~ ?o be paid on such day, a~ything in said prom;uory nate w in this Mortgage to the co~trary notwiihsfanding; and therevpon or thereaftet ~t tha option of said MORTGAGEE, without notice w demand, suit at law or in equity, therefwe w thereafter begun, may be prosecuted as if sll moneys secur~d hereby had rt?atured prior to it~ institution. 7. TMt in ths event that at the begioning of w at ~ny time pending a~y wit upon ~?~is Mortgage, or to faetlose H, or to rafwm if, a to ~nfwp payment of any daims he~evnder, said MORTGAGEE shaU apply to the Court having juris~:-~ion thereof fw the appo~ntmeM of a Reteiver, such Cou~t sMll forthwith ~ppoint a receiver of sa~d mortgaged prqxrty all ~~d sing~lar, includ~ng all and singular the income, profib, issuei ar+d ~evenues from whafever source derived, each and every of which, it being expreuly under~tood, is Fureby mortgaged as if spec~fically set fonh and dewibed in the y~antinp ~nd habendum cla~nes hereof, and such Rcceiver shall have all the Moad and effective funct;ons and powers in anywise entrusted by a Cou?t to a Reteiver, and such sppoiarmoM ahall be msde by such Court as an ad:nit?ed equity and a matter of absolute right to said MORTGAGEE, and wiihouf referente to ths j edequacy or inadeqvacy of the value of the property mortgaged a to the sorvency o~ insolvency of said MORTGAGOR p the defendann, and that s~ch rents, profin, ~ncome, iuues and revenues shall be applied by such Receiver accord~ng to the lien or equity of said MORTGAGEE and the prxtice of such Govrf. & To duly, promptly snd fully perform, diuharge, execute, effect, complete, comply wifh ~nd abide by each and every the itipulatio~s, ~greements, conditans ar?d covenants in said promisso?y note and this moetgage set fa~h. 9. That in the event the ownenhip of the mwtgaged premixs, w any parf lhereof, becomes vesfed in a person other fha~ the MORTGAGOA, th~ MOR7GAGEE, i» sucteuon snd au;gns, ?nay, without notice to the MORT6AOR, deal with such successw w tuccessor i~ ir?taeit with reference to this mo~tgaye and the debt hereby secured in the ssme manner aa with Mortgagpr without in any way vitiating a discharging the Mortgsgws' li~bility Fkr~- undcr or upon the debt Ixveby secu~ed_ No sale of the Fremises hereby mortgaged and no fo.bea~ance on the pa~f of the MORTCaAGEE or in successon or assigro and no extension of the time fa the psyment of the debt hereby secured given by the MORTGAGE'_ w its sucusson w auiyns, sMll operate b release, dixharfle, modify thange w affett the original liability of the MORTGAGOR herein, either in whole w in part. 10. It is specifically agreed that time is of the essence of fhis contract a~d that no weiver of any obligation herevnder o? of the obliQatiw~ so- , cured Mereby shall at any time thereafter be held to be s waiver of the terms hereof a of thc insrrument secured he~by. 11_ In additio:+ to the forego:ng monthly payments of princ'pal and i~ferest required by the promissory note secured hereby, mortgagor covenants and agrees to pay to mortgagee with each monthly pay~nent an add~+io~al sum est~mated by mortgagee to be equal to 1/12 of the annual cosr of the follow- i ng; A-AII real property taxes levied w assessed against the above described real estate_ B-Premiums on fire and windstorm insurance as here~n requ:red to be carried on the improvertxnts situate on the above desaibed premises. C-Premi~ms on such mortgage guaranty insurance as mortgagee sfiall from t:me to time deem fit to carry on the loan secured hereby. Mortgagee shall from time to time norify mortgagor in wr7tinq of the amount due and payable hereunder and such sum shall thereupon be due and payable on the due da?e of the ~ext monthly payment and each successive month thereafter urtil mortgagee shall notify mortgaqa of a thange in such amQU~t. Such sums shall be applied by mortgagee toward the payment of reat pro{xrty faxes, insurance prem~ums, and mortgage guaranty insvrance nremiums. IN WITNE55 WNEREOf, the said RTGAGpR has hereunto set his hand arx! seal 1F~e day and year fi t aforesaid. iyne e~led a el' (ed e presence of: . - ~..~E'~/~ ~~ti~~~ . n~,n ~ ~ - - ~ ~s..~ i ~ ~ STATE OF FLORIDA couNn oF S t. L ucie y before ms personallr appcared Harold V. Gates ~n~ Hilda Gates his wi1e, to me well known and known to ma to b~ rhe Individwb described in ~nd wlw sxecuted the ~orega~ inatrument, and acknowledged before me t}?at they executed the same for the purposes rherein .zp.es,ed. q,~d rhe sa;a_ _ H i 1 da G a te s w~rs of ~h. „id ltarold V. Gates ~P«, ,,ep,?.,. a~d pri~,» exsmination by me taken separate and apsrt from F~er said husband, scknowledged to •nd before me that she executed said instrument fre~ly ~nd volun- ' tarify aod without ~ny computsiwi, consrraint. ~pprehension. ~ fea~ of or from her said husband. ~ WITNf55 my hand and offitia! seal this ~ y T day of J~16 . A. D. 19~~ ~ ( ~!~.'ia.~ ~ r..~-~ ~Ni,u.~L~ ~ , ' NWary PuWic i~ and ip the Statt of F~~,~%~~'~ Rerurn to: FILEDMI~~~~C'bTt`dCffl ~T- 7~'~:.~~~" ~!j~-.. tjm F~n~ sayt~~ a~w~ ~?sso~~at~on ~T. IUCIE CQUNTY. FLA. r- . ~ Of Fort Pierce. • ~ ' ~ ~ ~ ' ~ F ~ ~ v I" e~^ ` ' ~ - ~ Fort Pierce. F~oride • ~i~y(]Q~ 'r'J n ' ~ ' , . . € ~ ~L7r'+ ' ~ j . , ~ 'c;9 25 PM 3 ' ~ ~ ~ . ~ ~ ~ This Instrument Prepared By Kichard K. Kayes is~~~ . , ' f ~ ~ First Federal Savings b Loan Association of Fort Pierce ~ Florida ^'0'TPt.,S CLEFK CIR..U1T COURt Checked By ~ bOGN~~O r~l~i~~~ ~ S~~m..`_..~ < r _ _ . _ . _ . _ _ k ~r-, - ' . ~