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Home My WebLink About1419 . ' a ~ ` ; ~ ? ' 3. To plac~ and contin~ovily ks~p on tM buildMqs now a I+e~eahN ~it~at~ on t~id land ~nd on all equipment ~nd paionally cov~red by ~hi~ mwt¢ w;th dl prwnivms thereon p+id in full, fire kuvr+~ce in ~h~ uiwl stand~rd polrcy fwm. in a sum approved by the MORiGAGEE, and wind~torm Inswanc~ in tM vswl its~da.d pol~cy fam, M ~ sum approved by tM MORTGAGEE. In fuch company or canp+~~~s +s 1hs MORTGAGEE m+y • di~~clt ad all fir~ snd win~torm i~wranc~ polici~s on +~y oi ~aid buildin~s, tny i~terest therein or put thercof, in ~M sgyre~at~ sum afonsaid or ' In ~xcess theroof. ~II cont~in tM vsual st~ndud matyayN clsuse w such otha clws~ as tM Maty~gs~ may requ'u~. ma?inp tM lou undN sa~d po1F ~ cie~, ~ach ~nd ewry, payabf~ ro said MORTGAGEE as it~ interest m~y appea?. ~d each and tvery sucfi poticy shall b~ promptly a~s:y~?ad and delivered ro ~ ~ny held by said MORTGAGEE +s funher security ro ssid ma~y+p~ debt, and, ~o? leu ~han ten 110~ days in ad~ance oi tM expiratirn of each policy, to da IIw~ to said AIORTGAGEE a renewil th~rwf, topether with a nceipt fa the premium of wch renewalr and ~her~ shall be no f~re or wi~ds~am ins~~~ac~ plaud on any of said buildinps, ~ny intereat thK~in or part Ihereof, unleu i~ tM form and with the loss payabk as atwesaidj and tl+~ ever?t wm of morwy becanes payabl~ ~~der such policy a policiss s+id MORTGAGEE shall haw tM option to receive and apply tM ssme a+ account of the ind~bted- ~ys fscW~d lw~iby pr tp pe~mft said MORTGAGORS lo rKeiw u~d us~ i1 or ~ny part Ihereof fot oiher purposes. wi~hout thereb/ waivi~~g u impair inp any pu;ty, Iie~ or rght uoder or by virtw of this mortpags; ~nd in the event ia;d MORTGAGORS shall fw any reason fail to keep the uid premises so inwrcd, or f~il to delivs~ p~omptly s~y of said policies of inwrant~ to said MORTGAGfE. or faii promptly to pay f~lly any premium therefw w in any respect fail w p~.iwm, d~xharge, execvte, effact, compbte, comply with and abide by this oov~nuu, or ~ny part hereof, uid MORTGAGEE Msy pl+a ~~+d p~Y ip' wch inwrance w ~ny parf thtreof without waivinp or affectinp any option. tien, equity. or right unde? a by virtw of this Mat~aqa. and the full amount of eacA and ewry wch payment sMll be immediately dw and paYabk and shall bear tnterest from tha dat~ thereof until p~id at tFN rat~ of nins per centum pK annum and together with ~uch intarest shall be secured by the lien of this mortgage. 4. To psrmit, commit or wffer no wute. impairmcnt a deterioration of aid property or +ny part thereof. S. To pay all u~d sinpulw the cwq, ch~?yes +~d expa+~es. ir--..luding s rsasonable ~ttornay i fee and wsts of abstr~cts of title, incvrred or paid at u?y tims by said MORTGAGfE, becavsa a i~ IM tvent of 1hs fsilure on tht part of the wid MORTGAGOR to duly, prompNy and fully perfwm, dixMrgR 4 •xecute, effect, complete, comply with ~nd ~b+de by each and every the stipulat~ons, agreements, conditions, and cove~?aros of sa~d prom~swry note and ~his rtartyege any or ei+F~er, and said costs, charges and expensa, cach and every, ihall be immediately dve and payable; whether w not there be notice da rrNnd, attempt to mlktt or s~it pendiny; ~nd tM full amo~nt of each and every t~ch payment shaU bear intercst from Ihs date thereof vntil p~id ~t tfie ra~e of nine per cenrum per arn~um; arx! all said costs, charga and expenus incurred or paid, 1oge~her with such interest, ihall be secu~ed by the lisr? of tha mortyape. ~ 6. That (s) in the event of ~ny brexh of tha Abrtysge or default on the part of the MORTGAGOR, or (b) in the sveM any oi sa~d wms of mw~ey hercin referred lo be nat promptly and fully p~id within thirry (30) days next after the same several~y becar+e dve and payable, wi~hovt dcmand w notice, o~ W in the evem each and every the stipulatioeq, sgr~ements, conditions and covenanb of sa~d promissory note and th~s mwtya~e any or either ar~ no1 ~uly, promptly a~ fully perfamed. dischsr9ed. ~xecuted. effected, completed, compl~ad with and sbided by, then in e~ther or any tuch evsm tF+s taid +g~ pregate wm mcntioned in said promissory note then remaining unpaid, with iNerest accrued, and all moneyt secured F~ercby, shall bemme dw and piy- able fwthwith, or thereafter, at the opiwn of taid MORTGAGEE, ss fully and completel~r as ii all of the said sunss of money were aigi~ally stipulsted ro be paid on such day, s~ythiny in said promissory note a in ti?is Mortgage to the contrary/ notwithstanding; and thereupa+ or tl+ereafter at the optio~ of said MORTGAGEE, witFw~t notice w demand, wit ~t law or in squity, therefere or thercafter begun, may be proxcuted as if all maneys secured hereby had matured ptlot to ib instit~tion. 7. That in tM event that at the beginning of or at any time pendi~g any suit upon this Mwtgage, or to faeclose it, or to reform it, or fo enforq payment of any claims her~undcr, said MORTGAGEE sh~U ipply fo ti+e CouA having jurisdiction thereof for the appointmeM of a Receiver, such Carrt shal) ~ fwthwith appoint a receiver of said mortgsged property all and singular, includ~ng all snd singula~ the income, profits, iuues and revenues from whatever source derived, each and every of which, i~ being expressly understood, is hereby mortgaged ss if ~ecifically set fwth and destribed in ihe 9rantiny ~nd ; habendum clavses Fxr-of, and such Receiver shall Mve ~II the broad and effective furxtions and powen in anyvrise ~ntrusted by a Court to s Receiver, and such sppoi~tmem shall be msde by wch Coun u an admitted equity and a matter of absotute right w aaid MORiGAGEE, and without refuenoe to tM i adeqvacy w ioadequscy of the valve of t!x property matg~ged w to 1he wlvency or insolvency oi said AAORTGAGOR or the defend~nts, and that tvch ~ renb, profin, income, iuves and revenues shall be applied by such Receiver eccording to the lien or equity of said MORTGAGfE and the practiu of such ' CouA. 8. To duly, promptly snd fully perform, discharge, exccute, effect, complNe, comply with and abide by each and every the stipulatwns, agreemenb, ca~dit'ans and covenaros in said promissory note and this mortgage cet fwth. 9. That in the evenf the ownenhip of 1he mortga9ed premises, w any parf thereof, becomes vested in a penon other ths~ fhe MORTGAGOR, ths MORTGAGEE, ib successon and auigns, may, without notice to the MORTGAOR, deal with such succeuor w successor in interest with referonce ro this mortg~ge and the debt hereby secu~ed in the same manne? as with Mortgaga without in any way vitiating w discharging the Mortgagors' liability hera urxkr or upon the debt hereby secured_ No u~e of the premises hereby mortgaged and no forbeararxe on the part of the MORTGAGEE w its svaesson or auigns and no extension of the tune for the payment of the debt hereby secu~ed given by the MORTGAGE: or ih wccessors or auigna, •hall operate to releax, discharge, modify change w affect the original liability of ttie MORTGAGOR herein, eithet in whok w in part. 10. It is specificslly agreed that time a of the euence of ?his contrad and 1h~t no w~iver of any obligat~on herrunder or of the obliyation se- cured hereby shall at any time tFr_reafter be Fuld to be a waiver of the terms hereof or of the instrumem secured herby. 11. In addaion to the fwego:ng monthly payments of princ:pal and interest required by the promiuory note secured hereby, mortqagor covenants and agrees to pay to mortgagee with each monthly payment an add~tional sum estimated by mor~ga9ee to be equal to 1/12 of tF~e annual cost of the follow- ing: ~ A-All real property taxes levied or assessed against the above described real estate. E B-Premiums on fire and windstorm insurance as herein requ~red to be carried on the improvemenb situate on the above desa~bed premises. I C-Premiums on such'mortgage guaranty insuronce as mortgagee shall from time to time deem fit to carry an the Iwn secured hereby. Mortgagee sfiatl from time to time notify mortgagor in writing of the amount due and payable hereuader and such wm shall thereupon be dve and ~ payable on the due date of the next monthly payment and each successive month thereafter urtil mortgagee shall notify mortgagor of a change in such amount. Such sums sF.atl be applied by morigagce toward the paymeM of real properiy taxes, insurance prem:ums, and mortgage guaranty inw~anta [ premiums. • IN WITNESS W OF, the NIORTGAGOR has he?eunto set his hand and seal the day and year fint afwesaid , Signed, Sealed in of: • ~ •n o ~ s..q / - ~ ' ``~i~N,n~ii:,.~, - - . . ~ ` t ; ~ , . ~ • j • _ N S?i"'~-t . _ - ~ _ . _ . - STATE OF FLORIDA ~ `~~-~-5~ ~ - cout~rttr oF S2. LUGIB _ ~ • G` ~ : " eero.e me pe.,ona~y .ppea.ed Willia~ L. Bailey - y~~ .f`~~ F.-.;~, ai~d`-f= Lois S. Bailev his wife, ro me weo k~w~?r~,~~nf~~'-~:iab~~- the irdividwls desvibed in and who e:ewted the for instrument, and acknowl ed before me that t execute~ 1' i ~^D ~9 ~Y ` . . • 1 t.O1S S. 8811@ ' r`° ` ~~0~~ tiferein expressed. And the sai - s`• r. ~1l~llllad l..• Ba11Qy ~ ; ...r~ , : wife of the ssid vPon i a1s.:-~:'~' ; ~ ~ examinaYwo by me taken separate and apart from her uid husbsnd, adcnov+ledged to end befwe me that she executed said irotrvment ~H{Wy"~!~ tarily and witla~t any compulsion, constraint, ~pprei~+sioq,q feu of or from her said husband. f'~'.'- March WITNESS my hsnd and official sesl this day of A. D. 191~ \ y i ~ Notary ublic in a f the State of F{orida af lu9e My Comrn+ssion expires: Return Ta. ' IIOTAAY PUBUC, =jp~ pF ~OWOA !ft LARuE First Federal Savingf b loan Associatan - MY COMMISSION IXPIRES NOY. t~i« Of Fort Pierce. 10NaED 711RONQp eqgp p~ESTtLMORi~ fort Pierce. Florida FILED AND R ~ ST. LUCtE ECORDED-. COUNTY. FLA. ~r~A;-~ v~F'l~I~^ , This Insirument Prepared By J. D. Chastain 192003 ~ First Federal Savin s 8 loan Association uAn • of Fort Pierce , Florida D~ a ~l`~ ~ 2 . 9~ 07 Checked sy ~ 8D~(1~ ~f~~~ ~:C~r.~~ :-ptTRH.S CLERK CiRClijT ~qURT; ' ~ ~ ' ~ ~r 1 - .~w . ~ _ . _ - ~:>r