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Home My WebLink About1404 J. To place and continuously keep on fhe buildings novv or herealter ~ituats on said land and on all equipment a~d personalty covered by this mo?1g- ~ga, with all prem~um~ thrreon pa~d in iull, iire insurance in ihe ~sual sta~xiard policy Form, in a sum approved b~r the MORIG:~GtE, and w~ndstorm insurance in the usual f~andard polky 1am, in • sum approved by ihe MORTGI~GEE, in such to~npany or to~npan~ea as ihe MORIGAGEE may dinct; ~nd all tire and w~nds~orm insuronce ?wlicies on any of ~aid bu~ld~ngs, any Inlerest the~ein or par~ ?he~eoi, in the aggregare sum sfaesa~d o~ !n excess Ihereof, ahaU cuntain the u:ual s~andard mwtyagee clause o~ suth othe~ dauss as the Morlgayee may req~~ro, ma?ing the loss under sa~d poli- des, each and every, payab~e to said MORTGAGEE es ~t~ intereit may appear, and each and every such policy fhall be promptly ass g~~cd a~~d dei~YCr~d ~o any heW !~y said A10RTGAGEE as (urlher feturity lo ieid mor~gage dab1, and, no1 lesf Iha~ ten (10) days in advance o1 Ihe expi~at;on ol each poGcy, to do- Gver to said MORTGAGEE a reoewel thereof, togetret wi~h a receipt for the p~emi~m of wth renewal; and there shall be ~w f~re or w~~~dsto~m ins~rance pleced on any of ssid b~ildings, any intere~t the~ein a par? thereof, unless in the fonn and wifh ~he luss payable as efore:afd; and in ?he event any sum ol money becanes payable under such policy or po~~cios said MORTGAG'cE shall have tho op~~on lo rec~~ve and ap~~ly the sar~~e on accoun~ o) the i~Kl~6trd• ; ness secu~ed hereby o~ to permit said MORTGAGORS ro receive and use i1 w any par± thereol for ot1~~~r pvr;,os~•s, v.~~~~•~~r ih .v:~.. l ing any equity, lien w ~i9ht under a by virlue ol lhis mort~age; and in the eveM ta~d MORTGAGORS sha~l fo~ any ~cason lail to kecp the aa~d premis~•f so insv~ed. or feil to deliva~ promplly any of seid poGcies ol insurance to said MORTGAGEE, or fai! promptly to pay fu~~y a~iy p~e~n~~~~n therelw or in a~y respect fail to per(orM, discharge, execute, effect, complete, comply with and abida by this cove~an~, o~ any pa~t h~reot, sa~d MURIGAGtE may p~ace a~~d pay iw such insurance or sny parl thereof wi~hout waiviny or affecting any opt~on, lien, equ~ty, o~ rigM under or by virtue o+ ~h~s h5ortgage, and the full amount of eath and every auch paymeM shall be immedistely due and payable and shall bea~ intcrcs? from tho date thercof u~~til pa~d a~ the rate ol n~ne pe~ cen+um pet annum and to~rinrr with euch interest shaH tx secured by the lien of thia mortgage. 1. To permit, commit or suifer no waste, impairment w deterioretion of said property o~ any part ~hcicol. S. To pay all end singol~r the co~~s, charges and expenses, including a reasonable attorney's fee and costs of abstracts o1 tit'e, incur.ed or paid at +~y time by said MORiGAGfE, because w in the evenS of 1he (ailure on Ihe part of the said MORT.GAGOR To duly, pro:nptly and fu!ly p-rrform, d~scharge execute, e11ed, canplete, tort:piy wrth and ab;de by each and every the stip~lanons, a9rreme~~~a, condn~ona, and cove~~ants o( said p~o~nissUry note and th~~ n,ortyaye any or e~ther, and ~a~d costs, chargea and expenses, each and every, ahall be immed~ately due and payable; whe~he~ or not ihere be no~ece d~ mand, attempt to collect w suit pend~ng; and Ihe fufl amount of each and e~ery :uch payment shall bear imeres~ hom the date thereof umil paid at the ,ar,• u~ n~ne per crnwm pe~ am~urn; and all said costs. chacges and ex~nses incurred w paid, ~ogethe~ w~~h such interest, shail be secureJ by the I~en of ~h~~ mort9ege. 6. T1+at {a) in the event of any breach o( this Morrgage or default on the part of the MORTGnGOR, or ;b) in the cvent any of sa'd svms of money h.rein reFerrad to be not prompNy and (ully paid wi~hin th~rty (3Q) days nea~ afrrr the sa+ne seYeratly become due and payable, w~ttwut de~nand or nonce, er (c1 in the event eacfi and every the stipulations, agreemen~s, cond~tions and covenanta o1 sa.d prom~sso~y note and th~a moi~gage any u~ e~ther are no~ ~uty, promptly and fui~y performed, d~scharged, exetuted, ef}ected, tompieted, compl~ed w~th and ab~ded 5y, then in ei~her w any s~ch event the aa~d ag ~regate sum mennaned in sa~d p~omissory nore then remaining unpa~d, with interest accrued, and atl moneys secured hereby, shall become due and pay- abin forthwith, w therealter, at the ootion of aaid MO~iTGAGEE, as lully a:~d cc>mpletely as ii all of t1~e se~d s~ms of money were or~g~naily st~p~:ated to be pr.d on such dcy, anyfhing in sa,d prom~sswy note w in ~his Mwtgage to ~he con+rary nofw:thatand~ng; and ~hereuµon or thereofter at ~he opt~on of sa!d MORiGAGEE, wltho~t no~rce or demand, suit at law or in equity, the~eio~e or therealrer beg~n, may be prosecuted as if atl moneys secured hrretr~ nad mawred pnw to its ~nstitunon. 7. That in the event that at the beginning of or at any ~ime pending any su~t upon Ihis Mortgage, o~ to foreclose it, or to reform it, or to eniorce payment of any daims he~eurxler, said MORTGAGEE shall apply ro the Cou.t havinq ~ur~sd.c+ion thereof (or the appo~nt~nent of a Rece~+er, such Co~n shall fo~thwith appoi~t a receiver of said mortgaged prooerly all and sirgular, incl~d~ng all and singutar the income, profits, issues and revcnues from whatever so~rce de~ived. each and every of rvhlch, ~t being express7y undersrood, i: hereby mo~tgaged as if spec~fically set fo~th and drsu~~d in the granr~nq and habendum davses hereof, and such Receiver ahall have all the broad and eff~cnve (~nct,ons and powers i~ anyw~se emrusted by a Cou~t to a Recr~ver, a~~d s,ch appointment shall be made by such Court as an admitted equity and a matter of absolute right to said MORTGAGEE, a~d w~thout reference to the adeq~aq o? inadequacy of the value of the prope~ty mortgaged or to the so~ve~cy or inso~~ency o1 sa~d lVIORiGAGOR or the defenda~~ts, and ~hat wch re•~~s, profits, i~cane, issues end rcvences shall be applied by such Rece~ver acco~du~g to the lien w equity of sa~d MORTGAGEE and the pract~ce of such tcurt. B. To dufy, promptly and (ully perform, discharge, execute, eifect, complete, comply w~th and abide by each and every the st~pu~ations, agreements, conditans and covenanta ln sa~a promissory note arsd this mortgage se~ fwth. 9. That in the event the ownership of the mortgaged premises, or any part thereof, becomes vested in e persor. other than the MORTGAGOR, the MORTGAGEE, its s~ccessors and ass~gns, may, wi~ho~t rrotice to the YtORTGAOR, deat with wch w:cessor a s~ccessor in interest wi~h reference to th~~ ~~o•tgage and the debf hereby secured in the same manner as w~~h Mortgagor w~thout in any way vit:ating or d~scharging the lhartgagors' liab;ldy herr on~er or upon the debt he+eby secured. No sale o( tAe premises hereby mortgaged ar.d no farbearance on the part of the /AORIGAGEE or its successo+s o. ass~g~+a and no ex~e~s~on o! the time fw the payme: : of the debr hereby secured given by the MORTGAGE~ or its wccessors or ass.gns, a~~all operate ro re:ease, d~scharge, mod~fy change or affect the orig.~a{ Gabit~ty of fhe ARORTGAGOR here~n, either in whole or in part. 10. It is spec~fically a9reed N~et time is of the essence af this contract and tAat no waiver oi any obi~gat~on hereunder or of the ob!igation se- c~red hereoy shali at aay time thereafter be Aeld to be a wa~ver of the 4erms hereol or of the instrumem secu~ed herby. 11. In aod.t:on to the (orego n9 monthly payments of prmc pal and interest required by the prom sscry no'e secured hereb~, mortgagor covenanis ~•-.d a~rees to pay to m.ortgagee ~nifh each monthfy payr••,ent an add~rional sum est.~,ar~d by morrqagee to be equai to I, 12 of the an,~ual cost of the fo~low- ~~g' A-A!1 rea! property taxes tevied o~ assessed aga~•.st the a6ove descr~5ed real estate. B- P:an ns on fue and wir.dsto~m insvrarce as here~n rrqu:red to be camed on the :mproveme~ts situate on the.above dcscribed premises. C-Premiums on wch mortgage guaranty ir.surar~ce as mo~tgagee shail from t~me to tbne deem (it to carry on the loan sewred hereby. If AAor!gagee sha:l f.om f~~-,e to nme no~~fy mortgagor ~n wr;t;ng of the amount due and payable hereundar a~~d such sum shail therevpon be d~e and ~s : ayab!e o~ the d~e oa*e of the ne:t monthiy payment and each successive month thereaiter urnil mortgagee shall notify mortgagor of a change in such t a~•.ount. S~ch sums sha`I be appued by mortgagee rovvard the payment of real property taxes, insurance pr¢m;ums, and mortyage guaranty insurence E o~emi~mt. ~ IN WITNE55 WN " F, the sa' ~N~ORTGA R has he~eun~o set his hand and seal the day and year first aforesaid. E sg~ud, se.kd ~~d rhe ~ce at: ~.u~.rr. ~N ~ p ~ - ~ (Seal) f ~ ~ ~ (Sesl) ~ (SeaQ - (Se~q S ~ A:E OF FLORIDA ~ ~ - , COJNTYOF St. Lucie ~ _ G~7• V ) • 1• i ~ ~ . Befwe me perwna~fy appeared W~li3I11 W. Ward ~'~---_l-i-=~_ ~ ~ ~ mi L' his wi(e, to me well kriov01~ ivt!-krwwK m~e~ to be +he individuals described in arx! who eaecuted the foregoing inslrument, and acknowledged before me that they executed Jh+ sa~rle fari t..purQpsd <,4 , ~ rnerein expressrd. And tF~e said ' • ~ n•~fe oI the said W~lic~1 W. Ward upa? • sepirite and `priv~t~ ~ e.am~nnr~on by me ta4en separate and apart from her said hu nd, acknowiedged to and before me that she executed said instrumenf:freely ~nd vofun- ~ ~zn~y and wnhout any comp~iswn, constraint, apprehe~s;on, f ar of or from her sa~d husband. ~ WITNESS my hand and offic;al seal this- p~4 _ day of_ t~~r A. D. 19 7O _ I~'~' Notary Pu i•nd (or the State of Fbrid• at lar~ r My Cort~ ssion ~xpires: ~ rtet~r~ to: GuTGRY Pi:~llG. STATE OF Fl0At0A ~ UAfiE ~ F~r~t Federal Savinys 3 laan bsociat~on ;VIY CU~~1irtl:,;;iON EXPIRES iIUY. ~ 191= f ti Of Fo.t P.erte ) i:~c~„~. .ftca M. n~ R1M011~. ~ Fo,~ P,z,~e. F~u.,d~ FIl.EO AND RECOR~~A. ~ 5.~. C4UtiTY. W C~E , ~~1-,t~-~C~ ~ t~~.^n` r' iG:~ ~ ~ This Instrument Prepared By J. D. Chastain ( ~ First Federal Savings b Loan Association : ~ 9 of Fort Pierce~ ~'1.oTida ~Zp ~rT 5 a,,~ Checked By~- , -~~~RA$ BUUr.10 1 YAGi 14~~ r,l.E~tKT~~nCU?T COU ~ Pa ~ ~ _ ~ _ _ yt_ _ r ~ ~,e:. - i ~