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Home My WebLink About0053 i 1 To plx~ and tOntltNt iusly kNp On 1}N ~lildi~fp~ ~1pw Ot IfKNf1N 41V~f~ On f~itl I~ef~ ~nfl On ~II lquiprMnf ~nd pfrfOnllly COV~?~ by tAlt e~Mt¢ ~p~, wi~f~ ~II p~miums thereon paid ie fvll, fue inawanc~ in tha uswl ttand+rd policy form, in • sum approvtd by ~M MOR(GAGEE, ~nd wir~ds~um insuranc~ ie tM wwl ~iandud pol~cy form, in ~ wm approv~d by ~M MORTG/1GEE, In wch comp~ny w canpan~es u ~h~ MORTGAGEE m~y dk~ctt and ~II fir~ ~~d wiewb~wm inwrana potici~s on ~ny of said buiWinp; any FnM~~st 1Mrein w parl IF?ereof, i~ the ~pqreya~e sum +fonsaid w M~zcw~ 1he.~oi, shati con~sin tF+~ uswl ~t~odud mar9aqe~ cl~vs~ or ivch ot1w~ dau~ u th~ Mo?tp~ya~ m~y ~equ~r~. makinp tM lou unde~ ~a~d poli~ 4 ci~s. ~ath a~d wery. paYabl~ ~o s~id MORTGAGEE as its in~erest m~Y ~ppta~. and e~ch a~d ~wry auch po~icy sh~ll be promptly au qned and dslivered to ~ny Mid by s+id MOitTGAGfE as furtha sscu~ity to iaid mortp+y~ d~W, ~~+d, not I~s~ tMn tM (10) days in sdvanc~ of the expi~~Ywn pf eich policy, ro dr IivW to ~aid MORTGAGEE • ra?ewal therwf, topetMt with a r~c~ipt fw 1M pr~mi~m of suth ~e~ewal; and Ihere shall bs no (ire or windsto~m ii+sur~nt~ plapd on any of s~id buildirgs, any interesi the«in a put th~.wf, cnleu in th~ fam and with ~M loss p+Yable as afwaisid; aad in th~ ev~nt any swn of mon~y becomea payabl~ unda wch polity or policies sa:d MORTGAGEE shall haw the op~~on to receive and ~pply the same on acco~n~ of the indebted~ ness sscured Mreby w b permif said MORTGAGORS to rete~w and us~ it w any part thereof fw othcr purposes, wieFw~t tha.eoi waivi~~g a~mpair- [np ~ny puity. 1'~n or, ~ipht v~de~ a by virtui of this mwtpss~j u+d in tM ~vee~t siid MORTGAGORS shall fw any reason fail ro keep the'~~id p~emites so insv?nd, p fs{I to delive~ promptly ar~y of ssid polK~es of iiuu~~nt~ to said MORTGAGEE, or fail promptly to pay fu(ty any premium 1he~efw or in any respeet f~i) b periorm, d~xhuge, ~xatute, effed, compkte. oomply with and abide by this cove~+aM, a ~ny part heraof, said MORTGAGEE msy place and paY for such insurar~ o~ any paH th~wf without w~ivinp w ~ff~ctinp a~y op~an, lien. equity. or r~ght u~der.o~ by virtw of thii Mwt~a9e, ~nd the full ~naum of each and ~wry such paymer?t shall be immediatdy dw u~d pyable ~nd sAall bear interest from tM da~e lhereof ~nti! paid at the ~at~ of i nine par centum per serwm a~+d topethei with sucF? interest shali be secvred by tM lien of this mortyaga 1. To ptrmit, ca~urdt or suffe~ no wut~, imp~irment or deterioution of s~id property o? aoy put thereof. i 5. To pay all ~nd sirgul~r the costs, chsrges uid expenses, includirg ~ reasonabk at~orney's fes and costs of abstracts of title, incurred or paid at i any time by wid MORTGAGfE, betwse or in ths ever?t of the failwe on the pan of the uid MORtGAGOR to duly, promptly and fully perform, d~scharg~, ~ execute, effect, compkte, comply with and abide by each and every the stipvlario~s, agreements, conditions, snd covenants of said promissory note a~d this mortgage any or eitlxr, and said costs, charges and expenses, each and every, sh~ll be immediately d~:e and payable; whether a nor tl~ere be norice da ma~d, attempt to colktt w:uit pending; and rhe full arravat of eath and avery such paymcM shall bea! interes+ from Ihe date thereof unti! paid at tht rate of nine per centum per annum; and all said costs. chuges and expertses inturred or paid; logether with s~c!? inte~est, sF?all be secured by the lien of thq mort9+ge. 6. That (a) i~ the event of any breach of~thia Mwt9ag~ or default on tM paA of ihe MORTGAGOR, or (k+) in the event any of sa~d iwns of money herein referred ~to be ~ot promptly and fully paid within thirty (30) days next after the same severatly become due snd payable, without demand or notice, or in the eveM each and every ~he stipulatio~a, agreemenb, conditio~s and coveoanb ot said promissory note and thls mortgage any or either are no1 iuly, promptly and fully pe~fwmed, dixAarged, executed, effected, compteted, complied with ~nd abided Sy, then in eithe? or any such evenf tM said aQ~ arewte wm rtkntioned in said promiuory note then remainieg unpaid, with interesl xaxd, and all moneys secured hereby, shaN become due and p~y- ab{s forthwith, or thereafter, at the option ot said MORT ,~sAGtE, as fuiiy and co~r.p:asety as if al! of tM sa~d sv~s of money were aiginally stipulated ro be paid on s~th day, snythirg in said promissory note w in this Matga~e to the contrary notwithstsnding; and thcrevpo~? w thereafter at tbe optio~ of said MORTGAGEE, without notice or demand, svit at law or in equity,. therefwe w thereafter begun, may be prosecuted as if all rtqncys secured hereby had marured prior ~o iri inslitwion. 7. That in the event that at the beginning of or ~t u+y time pa+ding any wit upon this Mortgsge, w to fwectose it, or to reform it, w to enforos payment of any ciaims he.eunder, said MORTGAGEE shall apply ro the CovN having jurisd~ctien thereof for the appointment of a Receive?, such Coun shall Forthwirh appoint a reccive? of said moatgaged prqxrty ~II a~?d singuls~, includ~ng all and aingular the income, profits, iss~ls and revenues irom whatever sovrce daived, each and every of which, it beinp expressly understood, is hereby mort9aged u if specifiwlly sef fwth and destribed in the granrir~g and habendum clsuses hereof, and such Receiver shall have el! the broad and eifective fvnct:ons and powers in anywise eotrusted by a tour? fo a Receiver, and such sppointment shall tx made by wch Court u sn admitt~d equity snd a mitter of absolute rigM to said MORTGAGEE, and without reference to the adequacy w inadequacy of the v~lue of the property mortg~ged or to the sonrc+xy a insotvency of said JWORiGAGOR or the defe~dants, u~d that such renrs, profits, income, issues and revenues shalt be applied by s~ch Receiver accotding to the tien or equity of wid MORTGAGEE ar~d the prect~ce of such Court. 8. To dvly, prompHy and fully perform, d'ncharge, execute, effect, compkte, comply with ~nd abide by each and every the stipulations, agreementa, conditions and wwenanrs in said promissay note and tha mortgage set fath. 9. That in the event tAe ownership of the mortgayed premises, or any part thereof, becomes vestrd in a person othe? than the MORTGAGOR, tht INORTGACaEE, its successws ~od suigro, may, without notice to ti+e MORTGAOR, deal with such wccessor or successor in interest with refercnce fo this mortgage and the debt hereby scc~red in the ssme msnnrr u wifh Mortgagor without in any way vitiati~g or dixharging the Nlortgagors' lisbility hertr under a ~pon the debt hereby secvred. No sale of the premises hereby rnortgaged and no forbearance on the part of the MpRTGAGEE w its- successws or assigns and ra extensio~ of the timc fw the payment of the debt hereby secured given by the MORTGAGE~ or its succeuors or auigns, •hall opsrate ro relrase, distharge, moclify change or affect the original liability of the MORiGAGOR here'u~, either in whole w in part. 10. It is specifically agreed that time is of the euence of this contract and thst ~o waiver of any obl'~gation herevndcr or of ths obligation se- tvred hereby shall at any time thereaher be heM to be a waiver of the terms he~cof w of the ir?strument secured herby. 11. In add~tion to the forego:ng rranthfy payments of print pal and intertst required by the promissory npte sec~red hereby, mortgagor covenaMs and agrees to pay to mo.~tgagee with each monthly payment an ~ddi~iona! sum est+m~ted by mortgagee to be equal to 1/12 of the annual cost of the follow- ing: A-All real property taxes kvied or assessed ageieut the above described real estate. 6-Premiums on fire and windstorm inwrtnce as FK?ein req~~red to be carried on tFie improvements situate on the above described premises. ' C-Premiums on such rtwrigage guaranty insurance as mwtgagee shstl from time to time deem fit to carry on the bsn secured hereby. Mortgsgee shatl from time to time notify mortgagor in writing of tFk amount due,~pd payable hereunder and such sum shall thereupon be d~e and payable on the due date of the next monthly payment and exh wccessiwe month th~re'a~ter urtil mortgagee shall notify morlgagor of a chan~e in wch amounf. Such sums shall be applied by mwtgsgee toward the payment of real property taxes, inwrance pr :ums, and marfgage guaranty insuruxe premium}. IN WITNE55 WHERfOF, rhe said AM1ORTGAGOR haa r~.~~~,O~,ANp md sesl the da fint aforesaid_ / ~~a, s~a a~a a«~ ~f: Sr. LUCIE COU~N Y, - RECOR~ VERIFfE~ •4 - ~.942`?'6 ~n . ~ ~ 'T0 JUN 8 AM 0 n--~ ~ STATE OF fLORIDA - - 1 o~ sr. UICIB ~ ~OGER ~ ~ 8efore me personally appearcd and $ZO~Ai M@1'leAC~2 his wife, to me well known ~nd known to me to be the individwls described in snd who execvted the foregoiny &ntrwnent, and adcnowledged before me that they execvted the same for the purpo:es ~ therein expressed. And the sa~d SlOf Iia 1?ItA@TlCj@i wife of the said Mar:uel Menendea ; exsminat;on by me taken separate and a rt from her said hvsband, uPon e xpuste snd privat~ ~ pa adcnoMrledged to and befae me that she ezecuted said instrument freely and vol~rr ~ tarily ind withovt u~y compulsion, corutraint, appreF~ension~ feu of w from her said husband. WITNESS my hand and officisl seal this day of ~e q, p. ~970 " P Notsry Public ' u~d or ths State of Fbrida d larye Return Ta MY ~misi expires: pQ~, ~ f fj i~s-~~' Fint Feder~l Savings 3 loa~ Associatwn ' ~ ~ Of Fwt Pierce. •,t~,' 1~~ j~,`' r,. Stak o! Pforide at la fort Pierce. Florida • ~ . • . ~ . ~Y lL;tiuUSS#0!1 fX~iftf AttQ. 6. • . ' ' ~ 1nsla b' Aari~ f~et ~ ~aYd1oCleY ` { _ _ : ` ~ : ~ This Instrument Prepared By John W. CDlli~ ~ : First Federal Savings 3 loan Association " , ' of fort Pierce ~ Florida ~ ' ehecked By ~ . . ' ~ . • - eooK185 ~PA~E 54 ~ , _ _ _ ~ y . _ _ _ _ - ~ - - ~.~n - _ _ - ~