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Home My WebLink About1102 r , ; 1- 9. To plac~ snd continuoualy 4eep on ths buiidiey~ now w Mre~ft~r sitwt~ on iaid land and on all eqvipmtM and penonslly covered by this n?ortg wirh all premiums thxreon psid i~ full. fire insu~ance i~ ths v~ual trandard pol~cy fwm, la a sum approv~d by the MORiGAGEE, and windstorm i iniur+exa in ?he vswl iranda.d poticy fo~m, in a ium ~pproved by tM MORTGAGEE, in wch compa~y o~ companiea as tl?~ MORTGAGEE m~y dk~ct; ~nd ~II tire and wu~dsrorm in~uraexe potic~ on a~y of ~aid lwildin0~, any tNNett thcrtin o~ part tluteof, in the aQq~ryare wm a}a~sakl a In ~xceu the~eof, shall tontain the usval ttandard mortgaye~ clavse w such otF~ claus~ u 1he Mort9agee may requ~r~, maMinQ ths lou ur~da said polF cies, each and every, payabts fo said MORTGAGEE as iq interest may appea~, a~d esth and every such poliq shall be promptly ass:gned and detivered to ~ny held by said N{ORTGAGfE u(ur~her security fo said mortgage debt, a++d, no~ leu Ihan ten (10) days in advance of tM expiration of e~ch policy. to da liva to said MORTGAGEE a ~enewal tMreof, toqetha with a ret~ipl fw the premium of such re~ewal; and there shall be no fire w winditam inwranc~ p~~ad on ~~y of said buildings, sny interal therei~ o~ part tFw~reof, unfeu in the torm and with 1M loss payable a: atoresaid; and Jn 1he event any wm oi ma~ey bec~omes payable under such policy or policies taid MORTGAGEE shall haw ~hs option to receive snd apply the same on account of the inclebted- neu utv~ed haeby 0r to permit iaid MpRTGAGORS to rKeive a~d us~ it p any part thereof ior othcr purposes, v~i~hout thareo~ waivi~y o~ ~mpair- inp_any p~ity, iie~ or ri9ht unJe~ or by virtw of thu mortyape; and in ths went sa;d MORTGAGORS shall fa a~y reason fail to keep the said {xemises so inswed, w fail b detiver promplly ~ny of said policies of inau~ant~ to said MORTGAGEE, w fail promptly to pay fully any premium therefw p in any respecl fail to p~?fwm, disci~ugs, execute, effect, complete, comply wi~h +nd abids by this rnvenant, or any part hweof, said MORTGAGEE may pl+ce ~nd piY fw such iniwancs or ~ny part thercof without w~lvinp a ~ffactlnp any option, lien. eq~ity. a right unde? a by virtw of this Mortga~s, ~nd the full unount of eath u+d ~vtry s~ch payment shall be immediately dw snd payabk snd ihall bear interest from ths dats thereof until paid ~t ths rat~ ot nine per centum pe~ annum and togethe~ with uxh Interest slwll ba secu~ed by the lien of this mwtgage. 1. To pe~mit, commit a suffer no wute impairment or deterioration of said property or any pa?t thereof. ~ S. To pay ~II and sinyulsr ths costs, char~es and expenses, uxluding a reasonable anwney's fee and costs of abstracta of title, incurred o~ p~id ~t any fime by iaid MORTGAGEE, bewuss a in the ~veot oE the ta~lwe on ~hr pah of ~he sad MORiGAGOR w duly, prompNy and f~lly perfwm d~scha~ execute, effect. complete, comply with and abide by ead+ and every the stipulatwns, agreements. condit~w~s, and cov~nann of sa;d prom:uory note u+d thw mortgage any w eithcr, and said costs, c}wges and expeK?xs, cach and every, shall be immediately dve snd payable; whether w not there be notice de~ m~rd, attcmpt to cotlect or suit perx{ing; and the fult amount of each arvJ every such payment sAall bea~ iMerost from 1FK date thereof until p~id ~1 the rate of nine per cenwm per ar.num; and all said costs, charges and expenus ir~curred w paid, together with such intcreit, shall be secured by tla lien of thiu mottpsqe- 6. That (a) in the event of any breach of this Mortgsge or default on the part of the MORTGAGOR, or (b) in the evenl sny of said wms of ma~ey h~rtirt referred to ba not promptly and fuly paid within thirty (30) d+ys next after IF+e same uve~ally become due and payable, without dema~d or nptite, or (c) in the event each and every the itip~lations, sgreernents, conditions and covcnanb of sa~d promissory note and thfs mortga9e ar~y w eirher are nd ~uly, promptly and fully perfamed, dixF»rged, execvted, effeded, comp{eted, complied with and abided by, then in e~ther or any svch event the said e¢ gregate sum mentioned in said promisswy note lhen remaining vnpaid. with interest accrued, and all moneys secured hereby, shall betome due ar?d piy. able fwthwith, a thereafter, at the option of said MORTGAGfE, u fully and canpletely as if ap of ~he said s~ms of mor?ey were originally supulsted to be paid on such day, anything in said promissory note w in this Mortgage to the cor+trary notwi~hsta~ding; and thereupon or thereafter at the option of ssid MORTGAGEE, withouf notice a demand, suit at law o? in equiq, the~efore w ihereaftcr begun, may be prosec~ted as if all ma~eys secured hereby had matured pnw to ;b institurion. ~ E 7. That i~ Ihe event that at the beginni~g of or at any time pending any wit upon this Nlortgage, p to foretlose it, ot fo refwm it, w to enfwp payment of any claims hereu~der, said NIOR?GAGEE shaU apply to the Court having jurisdictio~ thereof fw the a{~pointment of s Receiver, such Coutt shall forthwith appoint a receiver of said mortgaged propeity all and singular, includ~rg aIt and singular the income, prof~ts, issues snd revenues from whataver source derived, each and every oi whith, it beirg exprestly understood, is F~reby mortgaged as if specifically set forth and destribed in the yrantinp a~d ~ habendum dauses hcreof, and suth Receiver shalt Mve atl the broad and effective funct~ons and powers in anywise eMrusted by a Court to a Receiver, end such appointment shall be made by svch Court as an admitted equity and a mstter of absolute right ro said MWRTGAGEE, and without rcfererxe to ths ~dequacy w insdequacy of the value of ~he property mortgayed or to the solverxy or insolvency of said MORiGAGOR p the defendants, snd that such rents, p~ofib, incane, iuvrs and ~evenues sball be spplisd by sucA Receiver accordin9 to the lien or eq~ity of said MORTGAGEE and the practice of s~ch Court. 8. To duly, promptly aed fully perform, discharge, execute, effect, complete, comply with snd abide by each and every th~ stipulations, agreert~ents, conditions and covenants in said promissory nWe and this mortgage set fwfh. , 9. That in the event the ownership of tne mortgayed prem;ses, or any part tFereof, becomes vested in s person othe~ tMn the MORTGAGOR, tM MORTGAGEE, its successors and auigns, may, without noi~ to the MORTGAOR, deal with such svccessp or successor in interest with rtierence fo this mortg~ge and the debt hereby secured in the same mamer as with Mortgagp w~thovt in any wsy vitiating or dixharging the Nbngsgori lubility hera under or upon the debt hereby secured. No sate of ihe premises hereby mortgaged and no fork+earance on Ihe part of the MORTGAGEE w its sutcesson or assigns and no extension of ~he time fo~ the paymcnt of the debt hereby secured given by ~he MORTGAGE~ or its :ucceuors w auigns, shalf operaro ro releax distharge, rt~otlify thange or affect the original liability of the MORiGAGOR hcrein, either in whole or io part. 10. It is specifically agreed that time is of the essence of fhis contrad and that no waiver of any obligation hereunder or of the oblipation sa- cured hereby shall at any tune thereafter be held to be s wairer of the terms hereof or of the instrument secured herby. 11. In add'rtion to the forego:ng monthly payments of princ"pal and interest required by the promissory note secured hereby, mwtgagor covenanis ~ and agrees to pay to mo:tgagee with each monthly payment an addirional sum estimated by mortgagee to be equal to 1/12 of the annual cost of t~e follow- ing: A-All real property taxes levied or assessed against the above described real estate. B-Premiums on fire and windsform insurartce as herein requ~red to be ca.ried on the improverr~nri situafe on the above desuibed premises. C-Premiums on such mortgage gua~anty insurance as mortgagee shall from time to time deem fit to carry on the loan secured hereby. ~ Mwtgagee sha:l from time to time nofify mortgagor in writing of the amount due and payable hereunder and such sum shall therevpon be due ind payable on the dve date of the next monthly payment and eMh successive month thereafter urtif rtartgagK shal~ ratify mo~tgagor of a chanye io wch amount. Such sums shall be applied by mortgagee toward the payment of ~eal property taxes, insurance prem:ums, and mortgage guaranty inwrance prMtiumt. 1 WITNESS WHEREOF, the said MORTGAGOR has hereunro set his hand and sea) the day and yea~ first aforessid. Sig d, Sealed a d ive th presente of: 4 ~ _ ,~.q r 1 STA7E OF FLORIDA ~ ~ ST . LUCIB coun~r~r of . eefo,e ~ pe,~«„uy ,~a,~d _ Shizley Wells, a single adult ~ ~ to me well known and known to me to bs the individwy dsscribed in and who executed the foregoing instrument, and ~cknowkdged bafore me that Sfiey executed the same for the purposes N~erein expressed. ~w~alwra.~r : : ]~[aamaeoc~imc ~ ]op~p~ ~ , WITNESS my hsnd and official seal t1+n csl dsy of M A, D. 19~_ t ~ ~ Notary l;c in ~nd fw the ~te of Florida at Lupe Retum To: . µY ission enpires: ~u~_ G~ /~'i',7 / • , Fust Federsl Savings 3 loan Aswciatio~ rt~ ~~~~tllttNlj~1t ~ Of fort Pierce. `,aC~'~• t~ . Fo?t Pince. Florida `~9~;. ;~JT~7,~j.I` - ~ ~~s~ ~9~ J ; c FILL'9h~1t~1~ '~'r '~~~`~v~~'l_ " ST, IUCIE C~UNTY. ~LA. ~t. -p:=~r~: - - ~~r~R~ VFRIFIED - - ~ ~ ~ _ _ This Instrument Prepared By .j ~ ~^,?-C~ ~C? : ~ : = . . ~ ~ 192946 First Federal Savings b Loan Association ~ r'?'~: yr.,. • o~~~ ~ of Fort Pierce " ` ± ~70 M~AY ~ ' , F~or~~ r Q=,:: 4~; . 5 A M 9. 3 ; ~ . ~ Checlced By ~'t~Or . zj~t~ ~ • i ii,~i~?~t~~' ~ I . 1,0~ PAGE~~O~ fiC~:~t:n i TRt.S = `e0 CLERK CIRC T COURT~ ~ ' . _ # ~ . ~ ~ _ _ ~ 4_N