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Home My WebLink About1843 . 1 • t , To plac~ and contin~ily keep on tM buildinps now or M+eaftN utu~t~ oe+ said land and on ail equipmt~t u+d pason+lly cov~red by thh mort~ ap~, with dl premivms the~ton paid in full, fire insv~snct in the usu~l sundud policy form, in a tum approv~d by tM MORiGAGEE, ~nd wind~tam iniuranc~ i~ the uswl i~a~dard poGq fam, in a wm approved by the MORTGAGEE, in such comp+~y w companies +s th~ MORTGAGEE m~y dirscts ~nd +tl ~Ir~ ~nd wi~dstwm ieuurance policies on +ny of aid build~nps, any interest thetei~ w p+h thaeof, in the a~~ey~tt wm afaesaid ot In ~xcess thereof, sMll cont+in tM ususl standard mortgag~e clauss w such o~her clavas u IM Nto+~9afles may requ~n, ma?irg the lou unda w~d po1F cia~, each and ~very. p+Yable a s~id MORTGAGEE as its imerei~ may appe+r, and each and eve?y i~ch policy shall be prompHy ass:yncd a~+d delivered fo ~ny Mtd by said MORTGAGEE as turther ucurity to said mortyaye debt, and, not less than ten (10) days in advance of 1he expiratia+ of each policy, to d~- liwr to taid NIORTGAGEE a renewal thereof, to9ether with a receipt fw the premium of such rcnewal; and there shall be no fire o? w~nds~am insurance plac~d on ~ny of s~id buildinys, any interest tharein or part the~eof, ~nleu in the form and with 1he lou p+yable as aiweiaid; and in the event any tum of mo~ey becomes payable ~oder such policy or policies said MORTGACaEE ~hall have ~he opt~on to ~ece~ve and apply the same on accoun? of the iixlebted- neu sec~red heteby w to pe?mit said MORTGAGORS to reteive and w~ it q any parf the~eof fa otncr purposes, without thereo~ waivi~ig o~ ~mpair• irg ~ny pvity, lien w right unde~ w by virtw of this morsya9e; and in tM event said MORiGAGORS shall fw sny reaso~ fail to keep the said premius so inwred, w fail to delive? promptly snY of said polKies of insurance to ssid MORTGAGEE, a fail promptly to pay ful!y any premium therefor w in any reipM tail to pNfpm, dixharge, e:ecute, effec4 complete, comply with ~nd ~bids by this cove~an~, or any par~ hereof, said MORTGAGEE may pl~ce •nd pay fw such insura~ct or ~ny part thereof without waivi~g w affectiry any option, lien, equity, o~ rigM under or by virtve of this Mortgsge, and the fvll amount of each and evay such paymeM sMll be imm~diately dve and payable and shall bear interest from the date tFxreof unril paid at the rate ol nine per centum p~r annum and togethe~ with sucl? interest shall be secured by the lien of this mortgage. 1. To parmit, commit ot suf4er ~o waite, impsirrtxnt a dete~ioration of wid property w a~y p+rt thereof. S. To pay ~II and singvlar the costs, charyes snd expe~ses, indud'u+g a ~easw~sble attaney i fee and cos~s of abstracts of title, inturred a psid at any time by said /IAORTGAGEE, becauu or in the event of tlx tailure on the part of ~he said MORTGAGOR to duly, promptly u+d f~lly perform, d~uha~ge, execute, eff~ct, camplete, comply with and ab~de by each and every tF~e stipulations, agreemenn, conditions, and covenants of said promissory note and this mortga~e any w eithet, and said costs, charges and expe~ses, each and every, shall be immediately due and payable; whetFxr w not there be norice da mand, attempt to collttt or ~uit pending; and the full amo~nt of each and every such payment shall bea. interesl from the date thereof until paid at the rate of nine per centum per annum; and all uid tosts, charges and expenses incvrrcd or paid, together with suth interest, shall b~ secured by the lien of thi~ matpa~s. 6. That (a) in the event of any breach of this Mortgage or default on the part of the MORTGAGOR, w b) in the eve~t ~ny of said sums of money herein referred to be not promptly and fully paid w~thin thirty (30) days ~exf after the same severa:ly become due and payable, without demand a notite, or in the event each and every the stipulations, agreements, conditions and covenants of sa;d promissory ~ote and th~s mortgage any w either are no1 ~uly, promptly snd fully performed, d~scharged, exetuted, eifected, compkted, complied with and abided Sy, then in either w any such event tM said aQ~ gregate wm mentaned in said promisswy note then remaining unpa~d, with interest accrued, and all moneys secured hcreby, shall become due snd pay- able forthwith, or iFIQtNffN~ at the option of said MORTGAGEE, as fully and completely as if all of the sa~d sums of money were aiginally it~puiated to be paid on svch day, anything in sa:d promisswy note or in this Matgage to the contrary notwithstanding; and thereupon a thereafter a~ the opt~on of said MORTGAGEE, withow notice w demand, suit at law w in eq~ity, therefwe w thereafter begun, may be proaecWed as if all moneys secured hereby had matured pnor to iri institution. 7. TMt in the evrnt that at the beginning of or at any time pending any su~t upo~ ~hn Mortgsge, or to foreclose it, or to refwm it, w to en(o?n payment of any claims he~eunder, said MORTGAGEE shall apply to the Court having jurisd:a~on thereoF fw ~he appointment of a Receiver, such Covrt shall Forthwith sppoint a receiver of said mortgaged prooerty all and singular, includ~ng all and singular ~he income, proiits, issues i~ revenues from whatever wurce derived. each a~d every of which, it being expressly undmstood, is hereby matgaged as if spec~iically ut forth and described in the granting and habendum claus~s hereof, and such Receiver shall have all the broad and effective funct~ons and powcrs in a~yw~se ent~usted by • Court to a Receive~, snd such appointmenl shall be made by such Cour1 as an ad:nitted equity and a matter of absolute right to said MORTGAGEE, and withaut ~eferente to the adequacy or inadequxy of the valve of the property mortgaged or to the sotve~+cy or ~nsotvency of said MORTGAGOR or the defendann,: ar+d that such rents, profits, income, iuves a~d revenues shall be applied by such Receiver accord~ng to the lien w equity of wid MORTGACaEE and the practice of such Court. 8. To duly, promptly and fulfy perform, discharge, execute, effect, cwnp~ete, comply wi~h and abide by each and every tFe stipulations, agreements, conditions and covenants in sa~d promissory note a~d this mwtgage set forth. 9. lhat in the eveM the ownership of the mortgaged premises, or any part thereof, becomes vested in a person other than the MORTGAGOR, the MORTGAGEE, its successon and assigns, may, wethout notice to fhe MORTGAOR, deal with such succeuor a s~ccessor in interest with re(erence to this mortga~e and the debt hereby setured i~ the same manner as with Mortgago~ without in any way vitiating or d~xharging the Nbrtgagori liability here- under or upon the debt hereby secured. No sale of the premises hereby mortgaged and no forbearence on Ihe part of Ihe MdRTGAGEE or it~ successon or suigns a~d no extension of ~he time ~w the payment of ~he debt hereby secured given by the AhORTGAGE~ or its successws or auigns, shall operate to release, discharge, modify change w affect the wiginal liaoil~ty of ~he MORTGAGOR herei~, either in whole a in part. 10. It is spec~ficatly agreed thar time is of the essence of this contrad and that no waiver of any obl~9at~on herevnder or of tfie obligation se- tured hereby shall at any time thereaf~er be held fo be a waiver of the terms hereof w of the instrumeot secured herby. 11. In add~tion to the forego:ng monthly payments of princ'pal and interest required by the promFssory no!e secured hereby, mortgagor covenants and ag~ees to pay to mortgagee with each monthly payr~~ent an add~rional sum est~n,ared by mor~gagee to be equal to 1 j 12 of the annual cost of the fol{ow- i ing: A-All real property taaes levied o~ assessed a9ainst the above described real esfate_ j B-Prem~ums on fire and windstorm insurance as herein requ~red to be carried on the improvemeits s~tuate on the above described premises. ~ 1 C-Premiums on such mwtgage guaranty ir.surance as mortgagee shatl from t~me to time deem iit to ca~ry on the ban secured hereby. Mortgagee shafl from ?ime to time noti(y mwt9agor in writing of the amount due and payable hereundrr and such sum shall thereupon be due and ~ i paysble on •the due date of ~he next monthty payment and each successive month thereafter until rtwrtgagee shall notify mortgagor of a change in such f I amount. Such sums shail be applied by mortgagee toward the payment of real property taxes, insurance prem.ums, and mortgage guaranry inwrance ~ ` premiums. f i IN WITNE55 WHE , the sai MORTGAGOR has hereunto xt his hand and sea) tFx day a esr first t Signed, Seakd de ' the ! ~ CLLa~„ ~ ' (Sea4 ~ tc~.p . ~ t STATE OF FIORIDA ~ ~ • ' ~ ~ i~i~s..~~ S - , courmr oF S t. L uc ie Y-~~ : . I' . -~^d - s~fwe n+~ p.rsona~ly a ared Don~d E Raulercon ~ " Brenda ~aulerson ~ - his wi(e, to me well ~ apr knoCr~ tq`me le b~ tFw ind~vidwb dex.~bsd in and who ~XKUtld the fwe9arg instrument, and acknowledged befue me thaf they execu th~ ~i~ fo~ t!w p~rrpaRs - r~,..~~.xae.s~d_ ~,d t~..: Brenda f2aulerson : . w~f. ~ rM Donald E. Raulerson „~„~r,~„~;•~ exam7nata~ by me ta4e~ up+rate a~d epa?t from her :aid hv nd, ~cknowledged to ~nd be~we me tMt she execvted said inslrum~rb.Jjelly~.~rid +1e~W?~ ~ rarity and withovt any compulsion, constraint, apprehens~on, feu of w iram her uid husband. ' ' WITNESS my harv! u~d officiat seal thia- da~-of ~ A- 19 b~ _ \ i ~ Noury Public in and for the Stat~ of florida ~t l~rQ~ ~ / My Comm~ssion eapird: ~ Return Ta. ~ fint hderal Savirgs i toan Associstan pOTARY Pt;uLIC. STA?E OF ROP:CA IFT LAAe~ ` o~ Fo.~ c;~~~e. fAY. COMMISa~GN ~xPtirzES r+uv. 1~~ ~y,1 fort Picrce, flaids p++oco rnpo~aN . a~o N. p~iqTELMU1ti. ~ FILED AND RECORDED~ ST. LUCIE COUNTY. FLA." ~ This Instrument Prepared By J. D. Chastain REC~J?n `~CRIFIED ~ First Federol Savings E~ loan Association ~~~4 of For ;Pierc , F1 rida cn~k~a B~ " ll ~•l '69 JUL 7 Ahl 10 : 47 y ~ ~ ~,0~'c ? ?~Ot i RHS ~ ~ i _ d0~~~~ P~~~~~~~ CiRCUt~~:COURT' ~ - _ ~ ~ ~ • 1r W _ _ ~ _ ~ a~ . r._