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Home My WebLink About0881 To plac~ ~~d cominuouily kNp a? tTn buildinqi now w hK~aftK situ~t~ on s~id t~nd ~~d on ~II equipment ~nd ptrwnaliy covtred by lhif mwt¢ p~, with ~II pr~miums IMrwn paid in full. fire i~iur~nc~ in IM usu~l f~andad polity lo~m, In ~ turn approvtd by th~ MORTGAGEE, and windstam i?uw~nce io ~M w~al ~tand~rd pol~cy fam, in • sum ~pp~oved by ~M MORTGAGEE. in avch canpany or ca+~p+n~~s a the MORTGAGEE may • dinNt ~nd ~11 fi~~ ~nd wind~?orm fnsur~nt~ policiss on ~~y of said build~nps. •ny ima~a tMr~i~ w p.~t tMreol, in IM pyrep~te wm ~for~~aid o~ M~xcsa thenof, ~MI~ con~ain ~M uswl sfa~dard mor~q+pN claus~ a sucl~ o~Fw~ cl~~~~ as ~M Ma~yape~ may rpu~r~. maki~p tM toss undM iud pot} ciN, each ~nd ~v~ry, p~ysbl~ w s+id MORTGAGEE ~s itr intereu m~y ~pp~a~, and each u+d ~wry tuch po~icy ahaU bs promptly a~i:qn~d and del~vered ~o any held by s~id AhORTGAGEE ~s IurlMr secu~ity to said mwtp~pe dtbt. ~nd. not I~ss th~~ ton (10) days In +dva~ci ot ~he expiraNoq of exh policy..lo da I~vK ro~id MORiGAGEE ~ renewd tMrwf, top~thN with • rec~ipl fo~ tM pr~mium of s~ch renewalj s~d ~I+~~~ tMll l» no f~r/ or windito~m inwanc~ ptaced on ~ny of uid build:rgs. any intaeit tha~i~ or part tMreof, ~nl~s~ in tM iwm u+d w~~h ~M bss p+y+b1• •f«•a~d~ a~+d in tM wenl any sum of nan~y becan~~ pay+ble ~vnde~ such policy a policin said MORTGAGEE ihatl Mw the optan to receive and apply tM same o~ accoun~ ol the k~dsbted~ neu ietwed hNeby a b permit ~aid MORTGAGORS to tKeiw ~nd ~s~ N w+ny p~rt thereof fa otF„:r pu~poses, wi~hout Ihe.eb/ waivi~~g a~mpair- in~ any eqv~ty, lien a ~i9ht u~da a by virtw o( this mwtyapej ~nd in th~ ~vMt Mid MORTGAGORS shall for any reawn i~il lo ke~p the aid pr~mises w iru~red, or f~il 1o d~liva p~wnplly ~ny of iaid policies ol insuranc~ to s+id MORTGAGEE, or fai~ promptly to pay tulty ~ny premium therefor a in any respM fail b pK(wm, dixharg~, ~xecv~e, tffect, compkts, ~comply with a~d ~bid~ by this cowna~t, a~nY perl I+ereof, isid MORTGAGEE may p~+ce and paY Iw ~~ch insuranc~ w~ny pah thsreof without w~ivinp w affectinQ ~ny optioo, li~n, equiry. or right ~nder w by virtw of thii Mat~aps. ~~d the full amo~n~ of each and ~wry such paymero shall b~ immediateljr dw ~nd p+yabl~ ~nd sMll bea~ interes~ from ths date ~hereof ~ntil paid ~t ~M rate ot ~irw per cent~m {»r ~nnum ~nd toge~hN with such interest sMll be secured by tM lien oi thii mwtys~e. _ 1. To pe~mit, canmit or suffa no wa~1~, impai~ment a de~er'a+arion of iaid prop~rty a any parl thereof. S. To p~y ~II ~nd airgular tM costs, cMrqes a+d expenses, includinp a reasw»bk attorney's fee and costs of abstracts of titls, incurred o~ psid at any time by ~aid MORTGAGEE, because o~ in the evtnt of 1he fa[lu~e on 1he put of tM said ARORiGAGOR to duly, promptly and fully perlam, d~xharg~, execute, ~ffect, complet~, tOmp~y w~th ~nd ab:de by exh and every the stipulstio~s, agreements, condiuoro, and covenants of said p~omisswy note and ~his mor~9aqe a~y o~ ei~ha. +nd sa7d costs, cMryes and expenses, exh and every. sh~ll bs immed~ately due and payabte: whether w r+ot the.e be notice dr mand, attempt to tolktt or suit pendinp; +nd tM full anaunl of ~each ~nd every such payment shal~. bea~ interest from tM de?e lhereof u~til paid +1 the ra~e of nine per centum per ~nnum; and all said costs, cMr9es and expenus ~nn+rred or paid, eoqether w~th such imerest, shall be secured by th~ lien of thu rt,«ro,s.. 6. That (a) in th~ event of u~y bresch of this Morty~y~ w defa~lt on ths part of the MORTGAGOR, a(b) in th~ event any of ss:d ~ums of money hcrein refe~~ed to bs not promptly ~nd fully paid within thi~y (30) days ~ext after the same severally become due +nd p~yaW~. without demaod w notice. o. W in tlx eveKl each and ~very the stip~lations, ag~es~nants, cond~tions and covenants of sa~d promissory no~e and th~s mortgafle a~y w e~ther are nw iuly. promptly and (u~ly performed, d~scharped, executed, e(fedcd. completed. tomplied with and abided by. then in eithcr or any suci~ ewnt ths sa~d ag gregats wm mentaned in said promiasory note then remainirp unpaid. with inttrest ~tuued, and all moneyi satured hereby. shall betome dw +nd pay~ able fwthwith, a thereafter, at tM opNon of s~id MORTGAGEE, as fully ~nd completsly as if ~tl of the wid sums of money were wiginatly it~pulated to be paid on s~ch day. anythinp in said promissory note w in thts Matyage ro the conuary r+otwithsundinp: and the~eupon a thereaher at tht option of said MORTGAGEE, without notice w demsnd, suit ~t law o~ in pvity, ther~fore w therealter begun, may be p?osecuted u if all mor?eys secured hereby i+ad maWred prw? to its institution. 7. 7Mt in the event that at the begin~ing of a ~t sny tim~ pendi~ any suit upon tha Mwtgage, or to fwaclose if, or to reform it, a fa enfau payment of smr daims he.evnder. ~aid MORTGA6EE shall appty to the Court h~ving jurisd~ction Ihereof fw tl+e appointment of a Receiver, such Court ahall forthwith ~ppoint •?eceiver of aaid ewrtyaged proQerty aIl u~d sirg~lu, inchxl~ng all ~nd sin9ular the incwne. profits. iuves and revenves from whatever source dsrived. ssch and every of whKh, it be~rp expreulY undersiood, a hereby mortgaged as if spec~ficslly iet fath ~nd desciibed fn the yrantir+p and habendwn clauses hereof. and suth Receiver shall have all the broad and efiective functions and powers in anywise entrusted by a Co~rt to • Receiver, a~d wch sppointmero shall be made by svch ~ourf ~s an sdmitted equity and a rt+~na of absoluta rght ro said MORTGAGEE, ~nd without refcrente ro'ihe ' edequacy a inadeqwcy of the wlw of the properry mwtysged or to the sWvency w insolvency of said MORTGAGOR or the defendann, u~d that such rer+~s, prof~n, incane, iuues and revenues shall b~ applied by such Receiver accordiny to th~ lien or equiry of aaid MORTGAGEE and the pract~ce of such Cowt. . 8. To duly. promptly and fully ppform. d'acharye. execute, effecf, complete, complY wirh and abide by each and ev~ry tM stipulations s~reamanta, condita~s and covenanri in sa~d promisso~y rwte and this mwtyage iet forth. . - 9. That in the eveM the ownership of the mortgayed prem:~s, or any parl theteof, beca+~es vested ~n s person other thsn the MORTGAGOR, tM MORTGAGEE, its wccessors u~d assiyns, m+y, without notice to the MORTGAOR, dea~ with such wccessor w uxcessor in interest with reference 1o this mortgage ~nd the debl hereby secured in the same mamer u with Mwtgago~ without in any way vitiatinp or diuharging the Nbrtgagors' li~bility hera under w upon tAe deb~ hereby secured. No sale of fhe premises hereby mwtg~ged and no iwbearance on the part of the MORTGAGEE w in successors w suigns and no exre~,sion of the time fa the payment of the debt hereby secured 9~ven by the /NORTGAGEf w ih wccesson a assgns, shall opera~s ro releas~, d~schar9e, modify cMnye or affect the original liab~lity of the MORTGAGOR herein, either in whole w in p+n. 10. It is specificatly agreed that time is of the easence of this contrad ~nd that ~o w~iver oi any oblig~tion herew~der a of the oblig+tion se- cured Aereby s1+~11 at any time thereafter be held to be a w~iver of the terms hereof a of the instr~meM secured herby. ~ 11_ In add~tia~ ro the fongo:~g mw?thly payments of princ'pal snd intercsl required by the promissory nore secured F~ereby, mortgsgor tovensnts and agrees to pay to mo:tgagee with each monthly psymeM an addiiionsl sum estimated by mwtgagee to be equal to 1/12 of the annual tost of the folbw- ing: ' A-All real property taxes kvied w assessed against ?he sbove desaibed real estate. B-Premiums On fire and windstorm inswance as hcrein requ~red to be carried on the improveme~ts situate on the above desuibed premises. C-Premiums on s~cF~ morlgage gwra~ty insurance as mortgagee shal) ftom t;me to time deem fit to carry on the loan secured hereby. j Mort9agee shall from time to time notify mwtgsyor in writing of the amwint due and psyabk hereu~der ~nd suth wm shall thereupon be d~e and f payabfe on the due date of the next monthly payment and each successive month thereafter urtil mortgagee shall notify mortgagor of a charge in wch i . ~ amount_ Such wms sF.all be applied by mwtgagee toward the paymcnt of real property taxd, i~surance prem.ums, snd mortgage guaranty inwrance ~ prMlium3. r IN WITNESS WHEREOF, the s+id MOR?GAGOR has hereunto set his hand and sea) the day and year fint afaessid. . S~akd and in the pesence of: • -.ni~~ ~ ~R~o c~--~ n--~ STATE OF FLORIDA ~ courm of St • Lucie ~ ~fa,. ~ p.,,a,,,~~Y Rosa I~ae Boatvriaht. a sinale adult ~c ro w~t~ known s~,a ~.ro rns~eo b. the individw dsscribed in and who executed the fae~oirg instrument, and atknawledyed beforo me thatgF~execvtsd~the aawp,~foa~th~,purpwes therein expressed. 1~7~d . t... 'i:M ~:~y It~l~~~ • WITNESS my Mnd ~nd official seal day of ~ -~-~•O}j~, 34 TO t / ` ' ~ - = ~ ' ~ ~ Notsry Public in aod ~or 1F~ Stat~ ~da~ i~Qi My Conwnission ~~cpira: 1. ' • . , • Rehrm Ta: ~~~j ~n,~ ~ First federal Sari:?ps a lo~ Assotiation ~(~(Z Of fort Pferce. V\/97`9 Mr e...,~~. ~ s~, u. ~n , Fon Pierce. Flwida M ~~M ~ ~ ~ ~ fILEO ANC RECOROEO ST.lUC1E COUNTY FLA. : - ROCER FOItRA3 ~ CLEaK CIRCUIT COURT This Instrument Prepared By RiChBrd K. Kayes ~ECOR~ YERIFIEO~......~. First Federal Savings b Loan Association ~ ~s Z,,9 PH of Fort Pierce ~ F1oTida Checked By ~ . ~ - ~ P ~ B~K ~ ' _ _ - L- r~ ~ - ~ ` ~,~~'~`.s ~ :