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Home My WebLink About2705 . , , • , 3. To plat~ and continuwrsly kecp on the bui!d~nys now a hcreaft~r sitwt~ on said land and o~ iii equipment snd personalty covered by thia mor/q- sg~, w~th ~!1 prem~ums rhereon pa~d in full, i;re insuranc~ ~n ~he usual sundard policy form, in a sum approved 'oy the MORiGAGEE, and w~~dstorm insuranc~ i~ tM usual ~tandard pol;q form, in • sum appro~ed by tM MORTGAGEE, in such ~ompany w compan~e~ as ihe A~ORTGAGEE m~y dirK?j and aIl fire and windstorm insurancs poticies on a~y of wid bvildir~s, any interesl ?herein or part thereot, i~ the aggrega?e sum aforesaid w in ~xt~ss Il+eroof, ihall contain tM uiual atandard mortgap~e clause a iuch other clauss ~i tha Mort~agee may reQu~re, making Ihe las~ unda~ ~a~d poli~ cies, e+th and every, p~yable ro sud MORTGAGEE at ib intere~t may ~pp~ar, ~nd eath a+~d evc~y such policy shall be promptly ais:gnrd and delivered ~o ~ny held by uid MORIGAGEE as funhe~ seturity to said mort9age dcbt, and, not leu Ihan ten (10) days in advance of the eapiration of each policy, to de- tive~ lo said MORTGAGEE a re~ewal ihereof, tope~her with ~ rece~pt fw the premium of such ienewal; and there sha{I be no f~ra or windstorm insurance ptsced on ~ny of said buiid~ngs, any interest therei~ w part thereof, ~nleu tn the form and w;~h the loss payable as aforeiaid; and in the evem a~y sum of money becomei p:yabte unde~ such polity w policies said MORTGAGEE ihall haw ~he opGOn to receive and apply the wme on accoun~ of the indebted~ ness setured,Mreby a to ptrmit ssid MORTGAGORS 10 ~eceive and uts it ot any part the~eoi for other purposes, w~thour eha~eb~ waivin~ or ,mpain i.g any equ;ry, lien p riphl under w by virtue of this mortgage; a~d i~ tM evenf ia~d MORTGAGORS shall fa any reason fsil to krep ~he said premisei so insured, o~ (ail b deliver promptly any of said polities of insur~nce to said MORTGAGEE, o~ fail promptly fo pay fu11y any pre~n;um therefor p in any +e~pect fail b psrfam, dischsrge, execute, effect, complers, comply with snd abide by this covensnt, w any part hrreof, said MORTGAGEE may place and paY for tuch insurar?ce or sny part thereof without waiviny w affectinp any option, lien, equity, a right under or by virlue of this Mortga}~e, and Ihc full u+w~nt of exh and ev~ry tuch payment ~MII be immediately due a~ qyable a~d :MII bear inrerest from ths date thereoF until paid sf ti~s rate of n~ne per centum per annum and to~ether with such intere~t shall be secured by ths lien of this mwrgage. } To petmit, commit or su(fer no waste, impai~meM or deterioration of s~id property or ~ny p~~1 thercwf. S. To pay all and singulu ths cosb, charges and expe~ses, including a resso~able attwneys fee and costs of ab~tratls of title, incur?ed or paid at any time by wid MORTGAGfE, becavse w in the event of the isilure on the part of the said MORTGAGOR to duly, pranptly snd fully pe~torm, d~uharge, rxecuta, effect, cpnpk~s, comply with and ab:de by each iod every the stipulatio~s, sgre~ments, conditions, and covensnls of said promiswry note and ihis mortgage any w either, and sa~cl costs, cMrges and expenses, e+ch and evcry, shall be immediately due and payabie; whetAer or not there be not~ce de mand, attempt ~o collect or suit pend',ng; and ths tull amount of each and every such paymen~ shall bear interest from ~he date thereof until paid at the rate of nine per centum per annum; and all said msts, cF.ar9es and expenses incurred o? paid, together with such i~terest, shall be secured by the lien of thit mortgspe. ~ 6. That (a) in iht event of aoy breach of this Mortgage w default on the part of the MORTGAGOR, w(b) in the event any of sa7d sums of mo~ney herein refs~red to be not promptly and futly paid wi~hin thirty (30) days next after the same severatly become due and payable, wi~hout demand w notice, or (c) in the event each snd every the stiputations, agreementi, ca+difions and covenants of sa:d promisw?y nore and rh~s mongage any a eitF~er are na iuly, prar.ptly and tully perfwmed, d~xharged, execvted, effected, compteted, canplied with and abided by, then in either or any such event the said ag gregate sum memioned in said promiuory note theo remaining unpaid, with interest accrued, and all moneys secured hereby, shatl become due and pay- able forthwith, or thereafter, at the op~ion o! sa;d MORTGAGEE, as fully snd complctely as i( all of the said sums of money were a~ginally stipulated to tx paid on such day, anything in satd prom~uwy note or in thia Mortgage to the contra?y notwithuanding; and therevpon or tF?ereahw at tha opuon of said MORTGAGEE, without notice w demand, suit at law or in equity, therefore w rFxreafrer begvn, may be prosercuted as if aU moneys secured hereby had matured prwt lo its institution. 7. That in Ihe event that at the beginning of w st any time pendi~g any tuit upo~ this Mortgage, or to foreclose it, w to reiwm it, w to eniwce payment of sny daims herevnder, said MORiGAGEE sF~atl appty to fhe Cawrt having ju~~sd~ction ~nereof for the appo7ntment of a Receiver, such Coun shall Forthwith appomt a receive~ of said morlgaged proQerty all and singular, includ~ng all and singulsr the income, p~ofi?s, iuues snd ~evenues from whatever source de~~ved, each and every of which, i~ be~ng expressty under:food, is hereby morrgaged a~ if specificalfy set forth and dewibed in the gran~ing and habendum clauses hereof, and such Receive~ shal! b~ve all ~hr b?oad and effeaive fvnct~ons and powers in anywise entru:ted by a Court to a Receiver, and such appointment shatl be made by svch Court ai an admitted eq~ity aod a matter of absolute right to ssid MORTGAGEE, snd without refere~ce to the adequacy a inadequacy oi the value of tF~e property mortgaged or to the sotvency or insolvency of said INpRiGAGOR or the defendanfs, and tha! such renu, profits, income, issues and revenues shall be applied by ~uch Receiver according to the lien or equity of said MORTGAGEE and the practice of such CouA. f 8. To duly, promptly and fully pe~form, discharge, execute, effect, comptete, comply with and abide by each and every the stipulations, agree~nents, cond~tions and wvenants in said omis i pr sory note and this mortgage set forth. 9. That in the event the ownership of the mwtgaged prcmius, or any parl thereof, becomes vested in a perwn other than the MORTGAfiOR, the i MORTGAGEE, its successws and assigns, may, witFwut notice to tAe MORTGAOR, deal with such successa a svccess« in interest with reference to this ( mor~gage and the debt hereby secured in the same manner as with Mortgagw without in any way vitiating a discharging the Mortgagors' liability herr ~ under or upon the debt hereby secured. No sale of the premises hereby mwtgaged and na forbearance on the part of tF~e MORTGAGEE w its successors or a:s~gns and no extens~on oi fhe time for the payment of the debt hereby secured given by the MORTGAGEf or its succcssws o? auigns, shall operate to release, d~scharge, modify change or affect the original liability of the A60RTGAGOR herein, either in whole or in part. 10. It is spec~fically agreed that time is of the esscrxe of this contrad and that no waiver of any obligat~on hereunder or of the oblgatan s~ cured hereby sha11 at any time thereafter be held'to be ~ waiver af the terms hereof or of the instrument secured herby. ; 11. fn add~tion to the forego'rx~ rt~onthly payments of print"pa! and inte~est required by the promissory note secured hereby, mortgagor covenaets ' and agrees to pay to mortgagee with each monthly payrztitnf an addiriorwl wm estimated by mortgagee to be equal to 1% 12 of the annual cost of the follow- ~ ing: i • 'r A-All real propeny taxes levied or assessed against the above described real estate. ~ B-Yremiums on fire and windstorm insurance as herein requ~red to be tarried on the improveme.~ts situate on the above described premises. C-Premiums on such mortgage guaranty insu~ance as mortgagee shall fra.n t;me to time deem fit to carry on the ban secur~l F~ereby. j Mwtgagee shall from tirr~ to fime notify mortgagor in writing of tlx amount due and payable hereundrr and such s~m shall therevpon be due and payable on the due date of the next monthly payment and each successive month thereafter urti! mwt9agee shall notify mortgagor of a change in such amount. $uch sums sh.all be applied by mortgagee toward the payment of real property taxes, insurance prem:ums, and mortgage guaranty inwrance premiums. (N WiTNE55 WHEREOF, the said MORTGAGOR has hereunte xt his hand and seal the day and year first afwesaid. Si~ned Seated and de ivered in the preser~ce of: Sea~ ~ aq ~s~n rc--n . STATE OF FLORIDA ~ ST., WCIE ~ coun~rr oF- gefae ~ pef~py a~a~~ Jaaes A. Fowler, a single adult ~c to me well known a~d known to me to bs ~ the indiridual~ dexribed i~ and who executed the foregoinp instr~ment, and ackraw~edgod before me that ~he' executed the same for the purposes therein expressed. ~Af~ W17NES5 my hsnd ansl official seal thi day of ~C@~Ql' A. D. 19_..~~ k ~ otary Public in and fw the State of flwida at ls~ye My Commiuion expires: Retu?n 7a • NOTAR/ PUBLIC~ STATE OF F10RIDA AT LAlli~ F~.:r F~ai s.~~~s a io~, n.~~~r~o~, :i MY C~AlMlS~lON EXPlRES SEP7 23, 197! Of Fort P~erce. ~''r - eONDm THip! fItFD 11~ p~~~pp~p ~ . . , Fort Pierce. Florida e~~ ,r v~ . i = Q: ~ r: r_~ FILEO AND R . ' ST. LUCIE COUNTY DEO: ' - " ~ ~ ~`rOP~':~~~F~EFl.A. p This {nstrument Prepared By John W. C~p`~l~iris ~8?~rr- 1 Fi~st Federa) Savings E~ Loan Association J9 ~ of Fort Pierce , Florida ~ .....•~~;•t;,~:' ~69 ~FC Z9 • ~ /j ~ ~ pM 3 . ~y , 23_,A Checked By lr°~ri- . J'f ~1t'f1111fij1~~1 • r ~ \ BQGK ~01, A~Gf ~ 1~ CLERK CIRCUIT ~ S , OURT, : e ~ . - _ ~ - - ~