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Home My WebLink About1480 To plac~ and continuou:ly ks~p on tM b~ildirp~ now o~ F~.eah~? 4tv~t~ on said land and on all equipm~et u+d p~+so~+a~~y cov~r~d by this mat~ p~, with a11 prsmiums lhereon paid in full, fir~ insur~nu in fM vtual staoda~d policy fwm, i~ a tum approved by the Mt7RTGAGEE, and wi~tpm ~nwr~nc~ in tM uiwl staridard pol~cy form, M• sum ~pproved by tM MORTGAGEE, i~ sxh company o~ ca++pao~es u ~M MORTGAGEE n+~y dinctt ~nd ~II iir~ sr~d .v~~+dstam inwrana polkai on +ny of Hid bviidirgs, ~ny in~er~s~ tF+Kein w part lhereof, in fht ap~re9att wm ~fortsaW or in ucttsa thsroof, shall cont~in tM uswl standa~d mortpapN clws~ or such o~lw~ clwse as th~ Matyayee may requ'u~. makirg the lou unde~ said po1F cies, each and every. paYabl~ ro said MORTGAGEE u~n inte~est may appe~r. ~d e+ch and ~vay i~ch policy ihalt b~ promptly ~ss.pned u+d dslivered ~o ~nr Mld by said MORTGAGEE ~s fu~ther iecurity to s~id ma~p+9+ debL +nd. not ~eu tMn ten (10) days in advance of ths ~xpir~tioe of e+ch policy, to dr , livK to s~id MORTGAGEE a r~newal thsrwf, IopNhN with a receipt fw the premium of wch renewal; and thero ihall be no f'us w windstam Inwr~nc~ ~ pl~d on ~ny of said '.wildinps, ~oy interes~ thtni~ w p+rt thereof, unteu in the form a~d with tM lou payable at aforeaid; ~nd in tFr evMt a~ryr win of morry becornes payabl~ undar iuch policy w polici~s s+id 1NORTGAGEE ~hall Mve +he opsan to receive a„d epply the ssme on +ccount of ti+~ ind~bted- ~ n~st setur~d Mreby w to permit fsid MORTGAGORS to reteiw and us~ it w any part thereof loc ofher purposes, witMut tha?eb~ waivi~~ w~mpair inp any puity, tien w right ve+der a by virtw of thi~ mortp~~; and in tM event uid MORTGAGORS shall for any ~eaton fail ro keep the s+id premises so inwred, or fai) b deliver prompflY ~ny of said policies of inswanc~ to taid MORIGAGEE, or fail promptly to pay fully any premium ~herefor p in any ; nipsct fail to perfart~, dischu9e, exec~~e, tffact, compk% comply with +nd ~bide by this covenam, a a~y par~ hereof, said MORTGAGEE may p1~ce and paY fw sach inw~uxt a any put thereof without w~lvinp w affactinp ~ny optan, (i~n, eqvity, w~~ght unda or by vinw of ~his Mort~ap~, and 1M ~ full ~mount of esch and every such payment sMll be imrned'uhly dw and payable ~nd shall bear interest from th~ date thereof ~ntil paid +1 tM r~tt of I nirw per centum pa annum u~d together with wch interest shall be secured by ths tien o~ this mwtgs~e. 1. To permit, oa~wnit a wffa no wast~. Impairment or deterioratan of said property o~ any pu1 thereof. 5. To p~y ~!I aod sirgulu th~ cwts, charges +~d exp~ns~s i~dvdinp a r~aionable ~ttorney's fee and costs of abst~scts of titls, incurred or paid at sny time by said MORTGAGfE, bacause w in the event of ths failwe on ths pan of tM said MORTGAGOR to duly, promptly ~nd fully paform, d:xF~a~g~ execut~. eited, compkro. comply with and ~bide by each snd every tF~e stipulations, s9reen+ents, co~dctioro, and covenants of said promissory note and thi~ mortgap~ ai+y w eitlie~, and said cosn. chupes ~nd expenses, each and every. ihall be uin:ediately due u+d psyablr, whether a not there be notice d~ f mand, attempt to co1kN or wit pend~nps +nd tM full amount of each and wery wch paymer+t shall bear interes~ from the date thereof until p~id ~t the ! rate of nine per centwn pcr Nuwm; and ~II said costs, charpes u~d expenxs incurred or p~id, logether w~th such intNest, sh~ll b~ aecured by tM lien of thu ~ro~• i b. That (a) io the evcnt of ~ny breach of this MortQspe w defsvlt on ths part of the MORTGAGOR, w(b) in the event ~ny of s~id wms of money i herein referred ro be not promptly and fuly paid within thirty (3p) days next afrer the tamc sevr.ally become due and payable. withov~ dem+nd o~ notict, w(~ in tF~e ewM each snd every ~hs stipulations, agrsements. conditions and coven+nts of sa~d promissory note and tb~s mortQspe ~ny or either are nol iuly, prompNy u~d fully pe~fwmed, d~scFurged, execvted, effected, compkted, complied with and abided by, then in ~ither a a~+y ivch ~vent the said a~ y~egste wm mentioned in said pranissory note then rem~ining ~npaid, with interest acu:ied. and all moneya secured hereby. shall Necort~s dw ~nd pay~ eble fathwith, Or fF1lfNftN• at the option of taid MORTGAGEE, as fully and con+pletely s~ if all of the said wms of money were wiginally st~pulated to be paid o~ such day, anythirg in said promiuory note w in this Mortya9e ro the contrary notwithstanding; and tFwxeupon w thereaftm at the option of said INORTGAGEE, witho~rt notice o? clemand, wit at law or in equity, 11~efor~ or thereaher beg~n, may be presecwed u if all ma~eys sawred heteby had matured pnw to its institution. 7. TMt in the event that at the begirv?iog of a at ~~y time pending ~ny wit upon thu Mortgsge, o~ to foreclose it, or to reform it, or to enfora payment of any daims he.eunde~, said MORTGAGEE shall apply ro the Court having jurisdK~~on thereoi for the appo~ntment of a Receiver, wch C«ut shalt Forthwith appoiM a receiver of said mortgaged property all aod sinyuiar, inclvd~ng atl and singular the irtcome, proiin, iuuas and revenues from what~ve? squrce derived, each ~nd every of whrcF~, it be~np expreuly undcrs~ood, is hereby mortga9ed as if specifitalty set forth and destribed in the ~r~ntiry and habend~m cla~ses hcreof, u~d such Receiver shall h~ve ail the brwd and effective funct~ons and powers in anyw~se entrvsted by s Cowf to a Receiver, ~nd :uch appointment shall be made by such Court as ~n admitted eq~ity and a matter of absol~te right to said MORiGAGEE, u~d without reference to ti+e adeqvscy w i~sdeqwcy of Hx value of the property mwtg+9ed or to tFx wwency a~nsolvency of said MORTGAGOR a the defer+dann, a~d that wch ; renn, profits, arcome, iuues and revenves shall be applied by such Receiver accordinp to the lien or equity of said MORFGAGEE and tM practice of such Court. g. To dvly, promptly and fully perform, discharg~, execute, effect, complete, comply with and abide by each a~d every the stipulatioos, agreements, conditio~ and covenants in said promissory note and this mortgsge set fwt!?_ - 9. That in the ev~nt the owixrship of the mortgage~! premises, or any part thereof, becomes vested in a person other th~n the MORTGAGOR, tht MORTGAGEE, iri successon and assigns, m+y, withovt noYKe to the N10RTGAOR, deal with such succ~ssw a successor in interest with reference to tha mortgage and the debt hereby secured in the ssme manner u with Nbrtgsgo~ without in soy way vitiating o~ dixharging the Mortg~gors' liability her~- ~ under or upon the deb~ hereby secured. No ssle of the pr~mises hereby mo?tgaged and no fabearance on the psrt of the MORTGAGEE w ib successon z a eug~ and no exrension of tl+e time for the payment of'tM debt hereby secured yiven by the MORTGAGEf or its wctessors or sssiyns, shafl operat~ ro rekase, discharQe, modify change w affect tFa wy~nal leability of the MORTGAGOR hsrein, eitF?er in whote or in part. 10. It is specifically agreed that tiw~e is of tM es~ence of this contrscf.~nd that no waiwr of any obligation hereunder or of ths obligstion se- cvred hereby shall at any time thereaNer be held to be a waiver of the terms Aereof or of the instrument secvred herby. 11. In additior~ to the (orego:ng monthly paynxnts of prirK pa) snd imerest required by the prom7uory nofe secured hereby, mortgagot cove~+ols and agrees to pay to mortgagee with each ~nonthly paymen! an addirional sum estimated by mortgagee to be equal to 1 f 12 of the annual cost of the fdlow- 'u,g: A-All real property taxes kvied or assessed against the sbove described real estate. 8-Premiums on fire and wi~dstorm insurante as herein requ~red lo be carried on the improvements situate on the above deuribed premises. C-Premiums on s~ch~martgage gusranty insvrance as mortgsgee sFwll from time to time deem fit to csrry on the losn secured hereby. ~ lNortgagee shall from time to time ratify mortgagor in writing of the amount due and paysble hereunder and such wm shall thereupon be ~e ~nd ; payable on the due date of the next mo~thiy payment and each successive month theresfter uMil mwtgagee shall notify mortgagor of a char~e in such ; amount. Such sums shall be app:ied by mortgagce toward tFK payment of real property taxes, inwranoe {xem~wns, and mortgage gwranfy ir?swance ~ Memiums. IN WITNE55 WHEREOF, the said MORTGAGOR has hereunto set his ha~d he day and year fi~st afor id. sgnaa, s~,ka ana a~rve.ed m the press+w. of: FILEO ANQ REC~~'~ ~ - ~UCIE COUhTY. FLa. o~ n ' ° n M"' I1 ~+1 S0: 17 ~ `S"° STATE OF FLORIOA ! ~ courmr oF St. Lucie f~ -~~c ~ -a: 0, R~ eefa~ perwna~y .pp...~a ' .~a i~I'SI (.CU ~Il his wife, to rrw well known smd known to me to b~ the individwb described in snd who execvted the foregoirg instrument, r?d acknowladged befwe me that they executed the ssme for the purposes rnN~+ ~..~.~d. ,s~a rr» MaYV Lou Coffaa,n ~ wiie of the said Robert H. Coffaan ~ ~~p~,~t~ ~ pr~vat~ exsminaYan by me tsken separate and apart from her s+id husband, ~cknowledped ro snd before m~ that she executed said instr~ment treely and voluo- tarily and vvithout any compulsion, torutraint. ~pprel~r~iqnJ w fea of or from her wid Fwsband. WITNESS my h~nd snd official ssal thi~ 9~~ day of ~ A. D. 19~ ~ , Notsry Pub in ~nd fw tlw te of Fbrida ~t larp~ ~ . My ia? expires: / 9 7/ ~ Retum Ta ~ Firsf Federal Ssvir?ys 6 loan Association """~'~"r''~lir~iw~' ~'K. pf ~ ~t ~ Of Fort P~erce. ~~ti~::~~111t~~~t ~ 6. ~n ^1 A F. _ 1~Ily Commission ~Exv~es Au9• ~ . Fort Pierce. Flaida ~~i~~;.•••... J 1~~i~ : iMMd b~M~l~ ds ~~~MI S!~ ~ = ~J ~ . . . r; ,`:y4, ~ v~~•,.% - : . -Q, - , ~ _ John W. C oll i~s~- ; . / X -J = - - ~ This Instrument Prepared By ' ~ • ~ K • First Federal Snvings ~ loan Association s~ o'. b,:°? • of Fort Pierce ~ FloYida ;r -..,;~o`: ~ ~ ~ ? ~ . ~ eh~ed By ~ s?A~~,,.~~_-; . ~ o K184 ~~1~ ~8 ~ ~^J ~ ~ ~ _ ~ - - - - - - . . _ _ ~ ~ ~ 3. . ~,_v _t.. . . _ - ~