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Home My WebLink About0252 3. To piaa ~nd contirwo~dy kt~p on th~ buildirq~ ~wiw a Mreaft~r ~itwN oe said land ~nd on all puipnrnt snd pason~tly cow?~d bY tM~ mort~ 4 ap~,, with ~II p~~miums th~non p~id in fvll, f'a~ iruwar?a ie tl+~ wual ~tc~dxd polky form, N a swn approwd by tM N10RiGAGEE. +nd wied~torm ~ I~uy~~nu in tM tnwl st~nda~d polity foren. in ~ fum +PP~owd bY tM MORTGAGff. in weh comP+^Y or tornpae?~ss as tlr MORTGAGEE ~+Y ~ dinct~ ~nd ~11 fir~ ~r?d windsarm imwana polici~s on any OF N1d bUI1di110f. ifly ~1Mfyf tM~~lfl p~ 1INfWI, in tM pprs9au wm aforsaid w- in ~xpq tMnof. sh+il contain the uwal uandard mort~qN tlaus~ w such otMr cl~us~ a tl+~ Matpap~~ may rpuirt, makinp tM bu undN said poli~ cie~. ~acl~ ~nd w~+Y. WYabl~ fo s+id MORTGAGEE q ib intt~esl rtwY ~PP~M• and wch and way such po?icY ~h+il b~ promptly ass:yr?~d a~+d d~livK~d ro •oy h~ld by s+id MORTGAGEE a turthK s~cwity to aid mortp~ d~bb u?d. not leu th~ hn 1101 days ie? adv+na of ~M ~xpi~~tion of exh policy. to de livK ro s+id MORTGAGEE ~ ran~wsl ti?Kwf. roqNhM with ~~ipt fot tM pniniwn of wch renew~iJ and ~F~~ shall b~ rw fire a windi~am i~awanc~ pl~pd on ~~y of saW b~iWinps, ~ny inter~st tl+K~ or put N~rwi, untess iri th~ form ad with tF+~ losi payabM at afa~aids +~d in tht ewm a~y wm of mon~y baca~ws p+ysW~ u~ wd~ polky a policies s+id MORTGAGEE shall haw tM option 1o nuiw and ~pply th~ s+~n~ on aco~nt ot tM ind~bted~ ~as secv..d h.~ebr o. a p.m+tt ad Mattc~?GO~s ro rec.tw a~,d us. n a soy pa~t tFwrwf fo~ onc~r purposea, wi~hout ~hareb,r waivi~~p a~mpai~- ~ inp any puiry. liee or ~ipht vader w by viriw of this r.~ortysp~t s~d Fn tM ~wnt aid MORTGAGORS shall fw aoy reason fail ro kNp ths s+id pnmises w insvred, a fail fo delive~ promptly any of aaid pol'rciies of ins:xanc~ to s~id JM~ORTGAGfE, or f~il prompHy ro pay fvlly a~y pre~uum ~heretw a in any r.spsu f~il a pKfwm, d'acharg~. ~xecvt~, ~ffect, complNS, comphl with a~d ~bid~ by Nus cown+M. or w+Y P~t Ix~wf•~s+1d MORTGAGEE may plaas and paY fa s~ci? G+wranu or +ny p+n thKeof without waivirg or ~ffsctinp +nY oP~ion. ~i~n. a4u~b. a riyht unJe~ a by vi.tw of ~his Morty~p~. ~nd the full ~navnt of ~ach and ~vtry wch paymsnt ~h+ll be imnwdlately dw u~d p~y+bl~ ~nd shall beu interest hom th~ dat~ thereof vmil paid ~t th~ wt~ of nine per ce~tum pK annum and t~ether with tucA interest shatl be sacured by th~ li~n of tAis morty~ps. j 1. To p~rmit, oommit or wffa ra wait~. 1mWirment ot det~rior~tioo of sald P~~Y a+~Y P+~t thereof. ! S. To pay all and sinpvlar ths casts, ch~rges snd expNa~s, includ'uq a rs+son+bls ~ttorney's fee snd ws~s of ~bstr~cts of titl~, incuned a p+id at i any tims by s+id N10RTGAGEE, beca~se or in 1M twnt of the failura on tha put of tM s+id MORTGAGOR ro duly, promptly and fvlly perfwm, dischsrgR l execute, effect, complero, comply with and aade_ by exh and every the ~ti~wlarions, ayreaments, conditio% and oovenants of said promiuory not~ and this mortyape sny or either. and said costs, d++rgas and expenses, each aed ~wry, sh+ll b~ imrtrodi~Mly dvs and payable: whether a not there be notioe ds ~ mand. attempt to aolkcl w wit p~nd7n~; ~nd th~ ivll amount of ~sch ~nd wery wch PsYme^t d++ll bea intere~t from the daro thereof until pald at tM j rate of nit» pe~ ceNwn psr auwm; and ~II said ooitt, clwryes +nd ezpensa incwr~d or paid. iopethsr with such interest, sMll bs secwed by tM iien of tha s mort~+y~. • 6, That (a) in the evenl of am~ bresch of this Mor~y+p~ or defsult o~ the pa?t of tM MORTGAGOR, or (b) in the event sny of said sums of money herei~ reie«ed to be not promptly and fvlly p+id within thirty (30) days next after the same severally becoms d~e and pay+ble, without damand or eatiu. or In tl+s ever~t eacl+ snd every tM sfip~latioos. ~graemen», conditaro ae~d oovsn~nb of said p?omiuay no~e and this mortpaye any w ather ~re nol iuly, promptly sod fully perforrn~d, disth~rged, eaecutad, tffected, tompieted. comP~ied with and abided by, the+~ in either ot any such evant the s+id ~g gregaM wm mentio~ed in said p?omissory rwta then remaininp vnpaid, with interesf accrued. snd all maieys secured hereby. shsll becant dw and p~y~ sble fwthwith,•or thereafte?. ~t ths option of said MORTGAGEE, u fully and completely as if sll of the said wms of money were orginslly sNFSulated to be pa~d on such daY, anythinp in said promissory note w in this Map~ge to the comrsry notwithsta~diag; ~nd thereupon or tl+ereafiar at the option of iaid MORTCsAGEE, witho~t notice a demand, wit st taw w in eqvity, therefwe or thacafter begw~, may be prosecuted as if dl moneys sacured hsreby had rrNfurad piwr to in irqtitution. 7. That in the event tMat at the begin?iny of or ~t a~y tin» pendirg any wit upon this Matgage, w to faeclose it, or to reform it, or to enforos payme~t of a~ryr cl~ims hereunder, said MORTGAGEE sMll apply to tM CouN Mving jwisdidion thereoi fo? the appointment of a Receiver. such Cour1 sh~ll forthwith appoint a receiver of said mortgased ptoperty all uid sinpul~r, ind~ding all and sing~t~r the income, profits, iswa and rovenues from whatever ~urce derived, each and every of whrch, it beinp expressly understood, is hereby mottgaged a~ if speclfically set fw~h ~nd desuibed in the ~ranting and haber~m ~Iavses hereof, and s~rch Receiver shall hsve all the b?osd and effective functions and powen in snyw~se entrusted by a Cowt to a Receiver, and :uch sppointma+t shall be made by such Court as an ~dmitted equity ~nd a matter of sbsolute right ro said MORTGA'GEE, and without reference b ths adequacy or inadequacy of tke value of the properry matgaged or to the solventy w inso~vency of said 1NORTGAGOR p the defendann, and that such rems, profits, income, issues snd revenues ~II be epplied by wch Receiver +ccord'up to the I'~ or aqvity of wid MORTGAGEE snd the practict of such CouA. . 8. To duy, promptly snd fully paform, d'~sclwrg~, execute, effect, canplete, oomply with and abide by each u~d every tM stipularions„ syraements, conditions snd covenants in said promissory note ~r~d th's mottysye set fotth. 9. ihat in the event the owe~ership of tM mortyaped premises. o~ +eY.Psrt thereof, becanes vested in ~ per~on oN~er thsn the MORTGAGOR, ths ~ MORTGAGEE, its succeuws a~d suipra, mar, virithout notice fo the MORTGAOR, deal with such wccessor or wuessa in interest with reference 1o this mortyage and the debl hereby setured in the same manner as with Mwtgs~w without k+ any way vitiatiry or discharying the Mort9agors' lisbiliry hert under or upon the debt hcreby secvred. No ak of the premises he~eby mortyaged uid ~w ~orbearance on tM part of the MORTGAGEE a ib waessors or sssigns and no extens~on of the Yimc for the p~yment of the debt hereby secvred qiven by the MORTGAGEE or iri sucaessors w auiyns, sMll operate ro release, disch+rye, modify d»nge or affect the originsl liability of the MORTGAGOR herein, either ~ whole or in put- 10. It is specifically agreed that time is of the essence of this contract and that no waiver of any obligation hereurKle?. or of the oblfyata~ sr cvred hereby sl+all at aoy time thereaftar be held to be s waiver of the tem?s lxreof w of the iratrumeot secwed herby. I1. In add~tion to the ~wego:ng mw~thly payments of princ:pal and interest required by the promiuory note secured hereby, rt~ort9ago? covenanb " and agrees to pay ro mortgagee with each monthly payment an additional wm estimated by mortgagee ro be equal to 1/12 of the annual coai of the follow- A-All real pr~perry fsxes kvied a auessed aga'mst the above deuribe'd resl es~ate. ~ B-Premiums on fire and windstwm inwrance as herein requ~red to be carried on the improvemenri situate on the above deuribed premises. ; C-Premiums on sutk mottgage ~ua?enty iruwance as mwtgayae thall hom time w time deem•fit to arry on the ~osn sectrred heteby. ~ lMortgagee shall from time to time notify mortgagor in writing of the amount due and psyabk hereunder and such wm shall thereupon be due and payable on the due date of the next monthly psyment and each sucoeuive . month thereafler eKtil mortgsgce s}wll ~otify mortgagor of a change in such ~ amouM. Such wms shall be applied by mortgegee towud the payment of real property taxes, inwrsnce pran~ums, snd mortgage guaranfy i~uru~ce _ i P~emiums. . j IN W ESS WHEREOF, r ssid TGAGOR has herevofo set his band and sesl the day and yeu sforosaid. ' s' se'~ d'` e P'°~"° of: FIL,Ep AND RECOR[3E-fl , ~ ~ ~ S7, LUCIE COUNTY. F"-` ~ n ; RECORO VERIFlED ' ~ ~ 1~442~' . ~ i Q ~ STATE OF FLORIDA ~ ~~O ~ O ~ ~ • . ~ ; S5: ~OUt~m oF ST • L[lCI6 ~ . i u , ~a Ch ~A ~i .~a ' eerae ~ r ~ M• Jean Palaer CLERK CIR ~~~e, to me well krwwn a~d known w me to b~ the lndividwls described in snd who exewted ths forayoirg instrumant, a+d ackrawledped beforo ms tMt they exacuted the same for tl+s purposes therein t~tpressed. Md the sa'~ M• .1@SA ~li@Z - wife of ths said "~1~1s: ~11. Palses upon • separate ~nd privab examination by me taken sepsrate and spart from her said Iwsband, ~ckrwwledged w and befon me that shs executed said instrurnem f~eely and volw~- rarily. sod withovt any compvlsion, corutraint. +PPre pr feu of a~ her ssid twsband. J1lAQ "j• 7~ WRNESS my hsnd and official seal 1~ T d+Y ~y~~i,I~'r,-- ~ ' . ~ • ~ ~ , Notsry Public in and for the State qf . at „ My Canmission exPires: ! ~ - : . - ; Retvm Ta ' ~.2 ' ~ _ ' = _ f fint federal Savi~gs d. loan Aaociation - : ~ t; ~ ; Of Fort P7erte. . ',(~f • ~ • - .Fort Pierce. Fbrida " :•~~,,1',:: - ~ l~" ~ ~ i . - . ~ - ~ ST' .'„~F:; . This Instrument Prepared By RiCbasd K. K~?yQS ~ First Federal Savings b Loan Association . ' of Fort Piercq Flo=ida ; ~h~~ gY ° R 185 Z~3- - ' . _ ~ . t ~ ~ ~ . ~ ~ r.,' - - ~ ~ - - - r y~~ - ~,.s:: ~