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Home My WebLink About2283 . To plac~ and continuovsy k~ep on th~ buildirg~ now o? Mr~+ftw sih++» on i+kl b^d ~^d a+ all equipment ~od p~nonally covaed by thii mat~ •p~, with a!1 pr~miwnf 1hsr~on p~id in full, fin intvranc~ in tM uswl stu+dard policy form, fn • svm ~pprov~d by tM MORTGAGEE, ~~d wind~tam iravr~nc~ M the ususl stard~.d policy fain, in • sum ~pprov~d by th~ MORTC,AGEE, in wch canWny w to+++Wni~s +s tM MORTGACsEE m+y dind~ and ~II fin snd wiedswren insw~na polkies on .~ny of aid bvild~nps„ ~ny Inler~st the~ei~ or p~rt tF~eof. in tM aQyrpa~~ sum ~for~s+id w M~xtKS thsrwf, sA~ll cont~in tM wwl itandud morlyapt~ clavs~ a such otl+K d+vu u tM AAatps~w may rpu'u~. m~ki~g th~ loas ~nde~ uid poli~ cia. Nch and ~wry. paYabl~ b uid MORTGAGEE q its inte~est may ~pp~ar. and ~ach and every t~ch policy thall b~ promptly us:~ntd and delivKed to ~ny MW by s~id MORTGAGEE a fwtha secu~ity to s+id mort~+ye debt, and. not !~u tM~ ten (10) days in adwnce of tM expk~tion of ~ach polity, ro dr IivN ro s~id MORiGACaEE a r~t~awal tl?~reof, topttF~ with a?ec~ipt for the prem~um of s~th renewal; and tMr~ sMli b~ no fito a windstwm inwra~u plaad an ~ny of s~id buiWinps, any intenst thK~in or p+rt tMreof, vnku in tM form and with tM loss p~yable u ~1o«said: and in tM ~wM any sum of mor»y becarws p+y+W~ w+dN wch polilY a? Politi~s s+d MORTGAGEE ihall Mw tM opiion ro r~ceive and apply tM sam~ on ~cca+nt of th~ indebted- rwss ~styrtd 1~ebp p to permil s~id MORTGAGORS to r~oeiw ~nd us~ it w ~ny psrt thereof for other purposes, without thereb/ waivi~~p or impai~- irg ~ny p~ity, 1'Nn a riyht u~+der or by virtw of this mortyayej and in tM eve~t s~id MORTGAG~DRS shall fa any reawn f~il to keep the aid premite~ w insured, w fail 1o d~liver promptly ~ny of said polities of insurance Io taid MORTGAGEE, or fail promptly to pay fully any premium 1Fierefp a i~ any .~~et fail w p~riorn~, discharpe. ~xecuts, ~ffed, complete, comply wi~h ~nd abids by this cove~?ant, a any part haeof, said MORTGAGEE m~y ~I+os ~nd paY fw such lnwranct or ~ny part thercof witho~t w~ivinp or affectinp a~y op~ion, Ikn. eqvity. or ~ight unde~ w by virtw of thi~ Mat9sp~. and the full xr~o~nt of eath and tvery wch paym~nt shall be immedi+tely due and piysbk ~nd shall besr inte~eat irom ths daro thereof ~ntil pald at tF» rab ot nin~ pK ceatum p~t anrwm and together with iuch intaest shall be secwed by the lien of this mortyage. 1. To p~rmit, canrnit or suffer ~o waste, impairment or deterioratan of said propa?ty or +ny p~rt thereof. S. To pay all ~nd sinpulu the costs, ch+rges +nd expen+es. includinp ~ reswnabk ~ttwrxy i fee and costs of abstracts of title, incurred w p~id ~t sny time by said MORTGAGEE, b~cavse or ~ th~ event of the failwe on the pa?t of ~he seid MORTGAGOR to duly, promptly and fvlly pe?fwm, d~schug~t execvte. ~ffett. tomplet~. tomply with and ab+de by each and every tM stipulations, agreemenb. ca+ditions, and covenanb of said promissory oote and this mortyap~ any or eirher. and s+id costs, cMryea +nd expensei, each and every, sh~ll be immediately due and payable: whether o~ not there b~ norice dr mand, attempt to colkct w wit perding: and the fvll amouM of e~ch and every wch paYrrxnt shsll bear imerest from tFa date tl?e~eof until p~id a1 tM rate of ni~e pe? centum per annum; ~nd all said cosn, chuges and expenses inturred or.paid, together with such intsrest, ihall b~ secured by tFw lien of thu ~ . 6. T}wt (a) 1~ the went of any breach of fhis Mortysg~ w defa~lt on ths part of the MORTGAGOR, a(b) in tM ~vent aey of said svms of ma»y heroin refared ro be not promptly snd f~lly paid within thiry (30) days nex~ after tl+e same uverafly become due and payable, without demsnd or noiice. w(~ in the event each and every the stipulatio~s, ag~eemsnn, conditions ~nd coven+nb of ss~d promiuory note a~d th~s mortpape any or either s~e not iuly, pranptly and fuHy perform~d, d~scharged. execvrad, effected, compkted, compl~ed with ~nd sb~ded by, then in ei~her or sny such ~vent the said ~g gregate sum mentaned in said promiuory note then remaining unpaid, with interesf accrued, and all rtwoeys secured hereby, shsll becwne dw and p~y- abb fwthwith, or thereaha, ~t the optan of said MORTGAGEE, u fully and completely as if all of the said sums of money were aginally st~pulated to be p+id on svch day, anything in safd prom~ssory note w in tha Mortyage to the contrary notw+thstsnd~np; snd thereupon w thcreafta st the op~~on of said MORTGAGEE, without notice w dtm~nd, suit at law w in equity, thcrefore w thereafter begun, may be prosecuted ~s if ~II moneys secured hereby had matured ~ror to ib iMtitution. 7. TMt io tM event that at the beginning of or ~t ~ny time pending +ny suit upon this Mortgage, w to foredose it, w to refwm it, or to enfores payrnent of any claims hereunde~, said MORTGAGEE ahsll apply to tF+e Couh h~ving jur~sd~ct~on thereof fw the appantme~t of ~ Receiver, such Court sMll forthwHh appoint a receiver of said mwtg~qed proQertY ~nd sirgular, includ~ng atl arxi singulsr the income, profils, iuup'and reve~ues from whatwer so~rce derived. each and every of which, it beinp expreuly undcrstood. is he~eby matgaged as if specifically set forth aod deuribed in the yrantirg and habendum cla~ses hereof, and such Receiva shall Mve a~l the boad and effective funct~ons and powers in anywise e~+trusted by a Court to • Receiver, and svch appointment sM1I be made by wch Court ~s an admitted equity and a matter of absolute right to said MORTGAGEE, and without rofercnce fo ths adequscy a insdeqwcy of the v~lue of the property mwtgaged w to the wnrency o~ insolvency of said MORTGAGOR or fhe defendanri, and ~hat such renn, profits, income, issues and revenues shall be applied by such Receiver accwd~ng to the lien or equity of said MORTGAGEE and the practice of such Court. 8. To duly, promptly and fvlly perfo.m, dixMrgs, execute, effect, complete, comply with and abide by esch snd every? the stiputatwns. agreemen», conditioro and coven~nq in said promisswy note and this mortgage set forth. 9. That in the event the ownenhip of the mo?tgsged prem~sss, w any part thereof, becomes vested in a penon cther thsn the MORTGAGOR, tl+~ MORTGAGEE, its svcceuors and auigns, may, withovt hotice to the MORTGAOR, deal wi~h such successor o~ successor in interost with rsference to this t morigape and the dcbl hereby secured in the same manne~ as with Morlgago? without in any way vitiatinp or discharginy the Mortgsgors' liability here- under w upon the debt hereby secured_ No sale of the prcmises hereby mortgsged and no fwbesrance on the part of the MORTGACaEE a in succeuws or assigra ~nd no extension of the time fa the payment of the debt hereby secured yiven by the MORTGAGE£ or its s~cussws or usi9ns, shall operate ro mlease, diuharge, modify change a affect the orig~nal Gab~lity of the MURTCaAGOR herein, either in whole or i~ psrt. 10. It is specifically agreed that. time is of the essence of this tontract ~nd ~Mt no waiver of any obl~gat~on herev~der w of ths oblipation se- cvred her~by sha11 at ~ny time thereafter be heW to be ~ waiver of the terreu hereof o~ of the instrument secured herby. 11_ In additio~ to the forego:ng monthly payments of prin~ pal and i~terest required by the p?omissory ~ote secured hereby, mortgsgor covenants and sgrees to pay to mortgaget with each monthly payment sn add~rional swn est~mated by morfgsgee to be equ~l to 1/12 of the annual cost of the follow- in9: A-All real property taxes bvied or asxessed against the above described real estate_ • B-Premiums on fire and windstorm insurance as herein requ:red to be carried on the improveme.~ls sit~ate on the above described premises. ' C-P~emiuma on wch mcxtgsge guaranty ins~rar,ce as mortgagee shaU from. tirrK to time deem fit to carry on the ba~ secured hereby. f Mortgagee shall from time to time notify mortgagor in writing of z!se amount due and payable hereunde? and such sum shall 1Fxreupon be due and ~ payabk on the due date of Ihe next monthly payment and each successive month tFKreafter ur.til mo~tgagee shall notify mortgagor of a change in such ! imount. Such sums shall be applied by mwtgagee toward the p+yment of real property taxes, insurance prem~vms, and mo?t9+9e 9uaranty insur~rtte ~ p.emivms. ~ IN WIiNE55 WHEREOF, the said MORTGAGOR has hereunto set his hand snd seal the day u~d ye ir esa' . Sealed ar~d deliwred in the presse~e of: aq •n STATE Of FLORIDA ~ S?. LUCIB ~ courm of ~f~ ~~~iiy John S. Yeast, a sieqle adult ~ ro w•11 known snd k~own to me to b~ tM individw`/ d~scribsd in and who e~ecuted tFw iorpoinp instrument, and acknowledped bsfore a» that )My e:ecuted the asme fw tM pwpwes tlwr~in axpnss~d. ~ e i 1 wnNESS ~ i,.~,a .~a orr~wi ...i ~y a.Y or Jul A. D. 19 69 ~ ~ Notiry Pub in and fo~ tfie Sty~t~~ of F{wida ~t l~r~ MY •QYt' - ~ ~ 7 ~ p Retum Ta. ~ eira Fsd..~l savGqs a lwn A.weiae~«, p~, wM of F1o~iL ~ LrM ° , ~,.ti:'??~~ ~ ~ E,~j~s As1q. 6 1~71 Oi Fort R;erce. 1 r~~ F«, Pr«u. Fb.~, Mr ~d~~~!!1~`~CQROEO'• ',v ST. LUCIE CdUNTY. FLA. ~ c~~~" f RECORO VERI~'1~0 ' ~ This Instrument P~epared By J. C?fastaiQ- •-1 ~ i ~ - ' - ~ First Federal Savings 3 loan Association . . ~ e V Me Ju` ' S ~ 9• 53 ~ ~ of Fort Pierc4 Florida - ,~v - p~7 • ~ C~ed By~ . - C~`~" ~~c.ZL ~ AOG~R s'Oi7RAS ~ CLERK CIRCUIT COUR7; ~ : . . ~ aooK1?8 ~?s~2281 `l~ ' ~ tN ~ ~ ~ . s-~.:. ; . . - - . _ . _ ~ n. x.._~-~~-`~-: ~