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Home My WebLink About2270~. t r.. r° - ~!~ ~'-<1~ . t, S. To plea and continuously keep on 1M buildings now a Mreahe- sitw/e on said land end on all equipment and personally covered by this marg. age, with ell pemiums thereon paid in full, fire inwrana in tM uswl standud policy form, in • sum approved by tM MORTGAGEE, and windttam insurance to tM usual standard policy form. in a sum epprowd by tM MORTGAGEE, In such company a con'Panies Y tM MORTGAGEE may direct; end aH fke and windstorm inswarta policies on any of said buildings, any interest therein a part thereof, in tM aggregate wm afaeald a in exact thereof, shall contain tM taswl standard mortgagee clause a such other clause as tM Mortgagee may regain, rrtaking the Ives under said polF cis, each and awry. payable to old MORTGAGEE as its interest may eppta-, and each and every such poliq/ atoll be promptly assigned and delivered ro say Mld by said MORTGAGEE es further security ro said ntortgsge debt, ard, not ku then ten (10) days in advance of tM expiration of each policy, ro de• liver ro said MORTGAGEE a renewal thereof, together with a receipt fa tM premium of such renewal; and there atoll be no fire a windstorm lnswana placed on any of said buiWirtgs, any interest tMrein a pert thereof, unless in tM form and with tM loss payable as aforeaid; and in llte event any sum of money becornes payable under sudti policy a pdicits aid MORTGAGEE atoll Mw tM option to receive and apply tM same on account of tM inclabted• neu secured hereby a to permit old MORTGAGORS ro reaiw end use it a any put thereof for other purposes, without thereby waiving a impair- irtg any equity, lien or right under or by virhae of this mortgage; and In tM event aid MORTGAGORS shall fa any mason fail ro keep tM aid premises so insured, a fail b deliver promptly any of aid policies of iauwana ro aid MORTGAGEE, a fail promptly ro pay fully any premium therefor a in ary respect fail ro perform, discharge, execute, effect, complete, comply with and abide by this covenant, a any put Mrwf, aid MORTGAGEE may place and pay fa such inwrar-ot a any pert thereof without waiving a affecting any option, lien, equity, a right under a by virtw of this Mortgage, and tM full amount of sack and awry such payment atoll bt irrtrrtediately dw and psysbk and atoll bear interest from tM date thereof until paid at 1M rate of nine per antum per annum and together with such interest atoll be secured by tM litre of this mortgage. 1. To permit, canmit a suffer no waste, impairment a deterioration of aid property a any part thereof. S. To pay all end singular tM costs, cFtuges and expenses, including a reatonabk attorney's fee and costs of abstracts of title, incurred a paid at any time by old MORTGAGEE, bepuse a to tltt event of tM failure on tM part of tM aid MORTGAGOR ro duly, promptly and fully perform, discharge; exeMe, effect, complete, comply with and abide by each and every tM stipulations, agreements, cortdiitons, and covenants of aid promissory note and this mortgage any a either, and aid costs, charges and expense, each and every, :toll be immediately dw and payable; whether a not there bt notice ds• mend, attempt ro collect a wit pending] and tM full emotmt of each and every such payment shall bear interest from tM date thereof until paid at tM rate of nine per otntum per annum; and all aid scats, charges and expenas incurred a paid. together with such interest, atoll be secured by tM lien of this b. That (a) in tM event of any breach of this Mortgage a default on the part of tM MORTGAGOR, a (b) in tM event any of aid sums of money herein referred to be not promptly and fully paid within thirty (30) days next after tM same severally become due and payable. without demand a notia. or (G in tM event each end every tM stipuktiorts, agreements, conditions and covenants of aid promissory note and this mortgage any a either are not duly, promptly and fully performed, discharged, executed, effected, completed, complied with and abided by, then in either a any such event tM aid +g' gregaM sum mentiortad in aid promissory note then remaining unpaid, with interest accrued, end all moneys secured hereby, atoll become dw and pay ebk forthwith, a therNfter, at tM option of said MORTGAGEE, ss fully and completely as if all of tM aid wms of matey were originally si~puleted to be paid on such day, anything in said promissory note a in this Mortgage to tM tnntrary notwithstanding; and thereupon a thereafter at tM opian of said MORTGAGEE, without noi~oe a demand, wit at law a in equity, theraforo a thereafter begun, may be prosecuted as if all morays secured Mreby had matured prior to its Institution. 7. That in tM event that at tM beginning of a at any time pending any wit upon this Mortgage, a ro foreclose it, a ro reform it, a to enforce payment of any claims Mreunder, aid MORTGAGEE atoll apply to tM Court Mving jurisdiction thereof for tM appointment of • Receiver, such Court atoll Forthwith appoint s receiver of said mortgaged property all end singular, irtclud~ng all and singular 1M income, profits, issues and revenues from whatever sours derived, each and every of which, it being expressly understood, is hereby mortgaged as if specifically set forth and described M tM g-antir-g and habendum clauses hereof, and such Receiver atoll have all tM boad and effective functions and power (n anyKise entrusted by a Court to a Reaiwr, and such appointment shall be made by such Court as an admitted equity and a matter of absolute right to aid MORTGAGEE, and without reference ro tM edequagr a inadequacy of tM valve of tM property mortgaged a to the sotvertcy a insolvency of 'aid MORTGAGOR a the defendants, and that such rents, profits, income, issues and revenues shall be applied by such Receiver according to tM lien a equiry'of aid MORTGAGEE and tM practice of such Court. 8. To duly, promptly and fully perform, discharge, execute, effect, complete, comply with and abide ~by each and every tM stipulations, agreements, conditions and covenants in said promissory note and this mortgage set forth. 9. That in tM event tM ownership of tM mortgaged premises, a any part thereof, beconas vested in a person other than tM MORTGAGOR, tM MORTGAGEE, its successors and sssigrts, may, without notice to the MORTGAOR, dNl with such successor a successor in interest with reference to this mortgage and the debt hereby secured in tM same manner as with Mortgagor without in any way vitiating or dischuging tM Mortgagors' liability Mre- under orupon tM debt hereby secured. No ale of 1M premises hereby mortgaged and no forbearance on the part of tM MORTGAGEE a its successor or assgns and no extension of the time for tM payment of tM debt hereby secured given by tM MORTGAGEE or its successors or assigns, ,.hall operate to release, discharge, modify change a affect tM original liability of tM MORTGAGOR herein, either in whole a in part. 10. It is specifically agreed that time is of tM essence of this contract and that no waiver of any oblgation hereunder a of tM obligation se- cured hereby atoll at any time thereafter be Mld to be a waiver of tM terms hereof or of fM instrument secured herby. 11. In addition to the foregoing monthly psymenb of prirtc'pal end interest required by tM promissory note secured hereby, mortgagor covenants and agrees to pay to mortgagee with each monthly paymerit an additional sum estimated by matgagN to be equal to 1/12 of the annwl cost of tM follow- ing: A-All rNl property taxes levied a assessed against the above described real estate. B-Premiums on fire and windstorm inwrance as herein required to be• cerried ore the improvements situate on the above described premises. C-Premiums on such mortgage gwrsnty insurance as mortgsgN shall from time to time deem fit to carry on tM ban secured Mreby. Mortgagee shall from time to time notify mortgagor in writirty of tM amount due and payable hereunder srd such wm shall thereupon be due and payable on the due date of the next monthly payment and each successive month thereafter until mortgagee shall notify mortgagor of a change in such amount. Such sums shall be applied by mortgagee toward the payment of real property taxes, insurance premiums, and mortgage gwranry ensurance premiums. . IN WITNESS WHERE , tM aid MORTGAGOR has hereunto set his hand.and seal the day and year first aforesaid. • Signed, Styled li of s s n ~ ~ n . _.,, , STATE OF fLORIDA couNTY of ST . LUCIE Before me penonglly 1~aS BaT~ .~~. William L. Bails .r. .:; .~ ~ p t %~i •.. 8 1 @y his wife, to me well Tnft'~ the indivldwls described in and who execrated tM for~!^~ instrument, ltd aduwwkdged before me that they executscl~~ therein expressed. And the err +Als s. Batley wife of tla aid Williaa L. Bailey .~ examination by me taken separate and span from her aid husband, acknowledged to and before me that sM executed said ;I rarity and without any compubion, constraint, apprehension a of a from her aid husband. WITNESS my hand end official seal day T~ ~~ ~~?a Return Ta First federal Savings 3 Loan Association Of Fort Pierce. Fort Pierce, Florida This Instrument Prepared By J. D. Chastain First Federal Savings b loan Association • of Fort Pierce Florida :~ '`7 '~ ::: ~~::-"itmiiiiii'~_ _f=1~: D. T9 69 Notary Public in and for tM State of Forida at Large My Commission expires: NOTARY POBUR iTATE OF fLOliti)A AT LAAoE ~~°~~~,~ MY COMMISSION EXPIRES Noy. 1i, lyr2 aONDED TriROUON •REp tlri n)iE FILEO AND ~~CO~~D ST. LUCIE COUNTY, FLA. R=.CORG ~~r•Fy~F~IF1F0 ~.5~~ R ti~ Checked By d00K ~ 1 t7 ~ ~~~i~iVO ~ •. '69 SEP 8 AM I t ' S9 ~~ I:,pr,ER ?OITRAS CLtRiC CIRCUIT COURT