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Home My WebLink About0686 ~ . 3. To placa and continuously keep on the bvi!d~ngs now or hereafter ~ituate on sa~d land and on ali equipment and personally cove~ed by this mortg- sgs, with all premiums thereon paid in full, iire insurance in the usual standard po~icy form, in a sum app~oved by ehe MORiGAGEE, and windsTO~m insurance in the veual seandard pol~cy (orm, in a sum approved by the MORTGAGEE, in such comp~~y or compan~es as the , MORTGAGEE msy direct; and all fire and w:ndstorm ins~~ance po~~ues ~n any of said build~ngs, any interes~ tfierein or part thereof, in the aggrega~e svm aforesaid or in excess thereof, shall contain Ihe usval standard matgagee clause w such other clause as the Mortgagee may requ~re, mai~ing the ioss unde? sa~d poli- cief, tach and evrry, psyable to said AtORTGAGEE as ~b intereit may appear, and each and every suth poi~cy shall be p~ompily ass gned and detivered to any he~d by said MORTGAGEE as twther security ro said mortgage debt, and, not less than ten {10) days in advance o( the expiretlon of each poliq, to dr liver to said MORTGAGEE a renewal thereof, toge~her with a rece~pt lor the p~emium of such renewal; and ihere shail be ~~o f~re or w~ndsto~m insurance placed o~ any of said buildin9s, any interest therein or pa~t lhereof, un!ess in ~he fonn and with the loss payab!e as a4oresaid; and in the event any sum of money becomes payable under such policy p policies said MORTGAGEE shall have the opr~on to fCCO~YC and appty the sa~ne on accoun~ of the indrbted- ness secured hereby or to permit said MORTGAGORS to reteive and use it a any pa~t tha:eof for o:h~ ~ purEOSrs, .•.~~n-v~t ~h~•~ ur ~t~~~~ ~7 or ~mpa~r- ing any equ~ty, lien or r~ght under o~ by virtue of this mo::gage; and in ~he event sa'd A10RTGAGORS sha!I for any reason fait to kcep the sa~d premisrs so insured, o~ fail to deliver promptly any of said pol~ues of insurance to sa~d MORTGAGEE, er foil promptly to pay fu~ty any pre:ni~~n therefor or in a~y respect fail to perform, discharge, execute, effect, complete, ca-np~y with and abide by this covenant, o~ any part hereof, said MORTGAGEE may pface a~d pay fa such insurance or any part tfiereof without waiving a affecting any option, lien, equ:ty, or r~~ht under or by virtue ol this Mortgage, and the full amount of each and every such payment shal! be immediately due and payable and shall b<ar interest frcm the date thereof until paid at the rete ol nine per rentum per annu~n and to~ether wifh such interest shall be secured by tF~e lien of this mortgage. 1. To permit, commif or suffer no waste, impa+rmenf or deterioration of said property or any part thereof. 5. To pay all and sirg~lar the costs, charges and expenses, induding a reasonable attorney's fee and !osrs of abstracts of title, incurred or paid at any time by said MORTGAG:E, because w in the eve~t of the failure on the part of the said MORTGAGOR to duty, pro~t~ptly and fu~ly perform, d~scharge. e:ecute, e((ett, complete, comply wnh a~d ab:de by each and every the stipulat~ons, agreements, conditions, and cove~zants of sa~d promissory note and this rnortgage any or ei~her, and said costs, charges and expenses, each and every, shall be in,mrd~ately due and payable; whether or not there be not~ce d~ mand, attempt to collect or suit pend~ng; and the full amount of each and every such pay~~ent s~all bear interest from the date thereof until paid st the rare o! nine per centvm pcr amium; and all wid costs, tharges anJ expenses inturred or paid, together w~th such imerest, shal~ be sec~red by the lien of thi~ mortgage. i 6. That (a) in the event of any breach of this Mortgage or defa~lt o~ tFw part of the h50RTGAGOR, or (b) in the event any of sa:d sums of money herein referred to be nm promptly and fully paid wi~hin thirty (30) days next aiter tfie same severa:~y beco~~e due aod payable, without demand or notice, or (c) in the event each and every the st~pulations, agreements, conditions and covenants of sa-d pro~nissory nore a~~J th~s mortgage any or either are nol ~uly, promptly and fully perfwmed, d~scharged, executed, effected, compieted, compl~ed with and a6idcd 5y, then in e~ther or any such event the said ag gregate sum mentioned in said promisswy note then remaining unpa~d, with interest accrued, and a11 moneys secured hereby, shall become due and pay able forthwith, or thereafter, at the option of said MORTGAGEE, as fully ard completely as if a!I of tl~e said s~ms of money were or~ginally st~pulated ro ~e pa~d on such dcy, anything in ,a:d promissory note w i~ this Mo~tgage to the contrary notwiihstand~~~g; a~ad there~pon w thereafter al Ihe opt~on of said MORTGAGEE, w~rha~t ~otice or demand, suit at law or in equity, therefore or thereafter begun, may be prosecutrd as if all moneys secured hereby had matured pnw to its inslitution. ' 7. Thaf in tF+e event fhat at the beginning of u st any time pending any su~t upon this Mwtgage, or to foretlose it, or to reform it, or to enforte payment of any claims hereunder, said MORTGAGEE shall apply to the Cou~~ having jurisd~tt~on fhereof for the apEw~~tment of a Receiver, such Court shall Forthwith appoint a~eceiver of sSid mortgaged property all and singular, includ~ng ail and singular the income, prof~ts, issues and revenves from whatever source derived, each and every of wh~ch, it be~ng expressly undersrood, is hereby mortgaged as if spec~f~cally set forth and described in the g~anring and habendum clauses hereof, and such Receiver shall have all the b~oad and effective funct~ons and powers in anyw~se entrusted by a Cour1 to a Receiver, and s~ch appointment shall be made by such Court as an admitted equity and a maner of a~solute right to said M~RTGAGEE, and without reference to the adequacy or inadequacy of the vafue of fhe property mortgagrd or to the sotvency or insolvency o( sa~d MORiGAGOR or the defendants, and that such rents, profits, income, iss~es and revenues shall be applled by such Receiver accord~ng to the lien or equity of said MORTGAGEE and the practice of such Court. 8. To du!y, promptly and fully per?orm, discharge, e:ecute, effect, complete, comply with and abide by each and every the stipulations, agreements, condiians and covenanrs in u~d pramisswy note a~d this mortgage set forth. 9. That in the event the ownership of the mortgaged premises, w any part thereof, becomes vESted in a person other than fhe MORTGAGOR, the A10RTGAGEE, its successors and assigns, may, without notice fo Ihe MORTGAOR, deal with s~ch successw or successw in interest with reference to this mortgage and the debt hereby sec~red in the same mahner as with Mortgagor without in any way vit;ating w d~scharg~ng the Mortgagors' liability herr under or upon the debt hereby secured_ No sale of the premises hereby morlga9ed and ~o forbeara~ce on the part oi the 1~10RiGAGEE or its svccessors or ass~gns and no extens~on of ehe t~me fa the payment of the debt hereby secu:ed 9~ven by the MORTGAGEE or ita successors or ass~gns, a~~all operate fo retease, d~scharge, modify change w affect the original liab~fity of the MORTGAGl7R herein, either in whole or in part. 10_ It is speu(ically agreed that time is of the essence of this contract and that no waiver of any obl~gation hereunder or of the ob?igatan se- cured hereby shall at any time thereafter be held to be a waiver of the terms hereo( w of the instrvment secured herby_ 11. In add:t~on to the forego:n9 month!y payments of princ'pal and interest required by the promisscry no!e sec~rrd hereby, mortgagor covenants and agrees to pay to mo:tgagee with each monthly payrnent an addrtionaf sum est~mated by mortgagee to be eq~al to 1;' 12 oi t;~e annual cost of the follow- i ~~g~ ' ~ A-AII real property taa.s iev:ed or assessed agaisst the above described ~cai esrate. B-P+em~ums on fire and windstorm insurance as ha~e~n requ~red to be carried on the ~mproveme~ts sltvate on the above d_scribed premises. ; C-Prerniums on such mortg;ge guaranty insurance as mortgagee sha(1 frcm time to tirne deem fit to carry on the loan secured hereby. I Mwtgagee sha~l from t~me to time notify mortgagor in wrinng of the amount due and payable hereundrr and such sum shall thereupon be dur and ! Fayable on the due date of tne next monthly payment and each successive month thereafter urti! mortgagee shall notify mortgagor of a change in such E amouM. Such sums s~a:l be appfied by morigagee toward the payment of real property taxes, insurante prem.ums, a~id morigage guaranty insurance premiums. WITPJESS 'NH " F, the said MORTGA R has hereunt s~t his ha~d and seal the day a r first a.'ore , ~gned, Seal and li in the.pr ~-3 ~ ~ bR C(ASS •C INTA~tr IN PA7NE'.'~ QF T • ~`y(/ n ' .S'.ANi i0 CFi4P'i-R ~0 $~E AC`S OFL793'tOPE (Sesq ~ ~~if.~l$. ~f;y ~.ffe:L'.t ~;CUff ( (sea4 _ er.t for CANI~~ (~f, ~!y~jyLES, JR, (seaq lycie Cou:.r/ iax Collector STATE OF FLORIDA cour,r~r oF St. Lucie By ~ T_ ~c~~ Before me personally appeared Char1ES R. P ~.F~ and .IQ811 ~1. 9rown his wife, to me we~l known and known fo me to be the ic~dividuals described i~ and who executed the foregoing instrument, and acknowledged before me that they executed the same fw the purposes rherein expressed_ Md the said Jedif Nj. Brown _ - Charles R• P• BYOQRI _ upon a se arate and ~vate wife of the said - P P~ exam~nation by me taken separate and apart from her said husband, acknowledged to and before rtx that she executed said instrument fraely and volun- ~ rarily and w~thout any compulaion, constraint, apprehension,q~r/fear of or from her said husband. ~S day of April A. D. 19 70 = WIiNESS my hand and offic~al seal thi• 3 ~ Notary Pu c in and for the State of tlorida at large t:. - s ~ ' e_ • ' ' My Com ssion ez ires: E ~ 7 / i r-'. ; , ~ . . ~ ~U P > . ~ ~ ~ DQCU~•1ENT/1; ~ ; , , ~ = G?R27'?~ i ~ ' ~ ..~,,s?:~c',,,`' ~f~ ~K. ~dl! 0~ A dt ~ ~ - _ ; orida (~trya c,°,~ -'~1~ ~ 7 ~ J; ~ly Wmmis~_U AiVQs ~~V~t ~6. 1971 ~ L7 COR:'r7nCLl~n _ ~~J~•~••• ~ ~ ar~G~+ll~E~ ~ ~~.l~4i33 _ ; '~c~#`10 ~ t'IL ~ 'L?''~' ; ST. LUCIE CJUhTY, FLA. ~ • ~I':~ 9' r j,~,~ G'['J~~ This I~strument Prepared By John Co1~~~ ' . ~ - 'o ~ ~ ~ ~ ' First Federal Savings 8 loan Association ~ ~J ; t; 1~2~~~~ ~ of Fort Pierce Florida ~'r ~ C p. ~ • ~ ; ' 'T O A P~ 2 7 A t~ 1 9.~ 4 0 ~ Checked By ~ S~~`ti~`~~- ~ ~ • ~~i,it~~~i~?~' - ~'!tC Q-~-t~ ~ - 1~ , , R M S ~ ,p~ BOOK184 PAGE ,~O~ C~rP~ Cli~CUIT COURT , - - - t . . ~ : . , ~